TCR_Public/151217.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, December 17, 2015, Vol. 19, No. 351

                            Headlines

33 PECK: Fortuna 37 Emerges as Winning Bidder for Wyndham Property
ADVANCE WATCH: Plan Offers Little for Unsecured Creditors
AESYS TECHNOLOGIES: Case Summary & 20 Largest Unsecured Creditors
ALLIED NEVADA: Objects to Tuttle's 2nd Bid for Ch. 11 Examiner
ALPHA NATURAL: Hearing on Benefits Termination Adjourned to Jan. 21

AMERICAN NATURAL: Panel Hires Lugenbuhl Wheaton as Counsel
ARCH COAL: Uses Grace Period to Continue Creditor Talks
ATLANTIC & PACIFIC: Judge Denies Bid to Set Aside Sale Proceeds
ATLANTIC & PACIFIC: Sells 2 NY Stores to R.B.G. for $18-Mil.
ATLANTIC & PACIFIC: Sells Croton-on-Hudson Store to PSK

ATOSSA GENETICS: Management Expresses Going Concern Doubt
BOOMERANG SYSTEMS: Amends DIP Agreement, To Pursue Liquidation
BTCS INC: Losses, Cash Flow Deficits Raise Going Concern Doubt
CAESARS ENTERTAINMENT: Fitch Affirms 'CC' Issuer Default Ratings
CAESARS ENTERTAINMENT: Obtains Forbearance Under Bond RSA

CATABASIS PHARMACEUTICALS: Posts Net Loss, Has Going Concern Doubt
COLT DEFENSE: Wins Confirmation of Ch. 11 Exit Plan
COMDISCO HOLDING: Reports $18,042,000 Net Assets in Liquidation
COMMUNITY PAPERS: Case Summary & 20 Largest Unsecured Creditors
CORMEDIX INC: Liquidity Risks May Raise Going Concern Doubt

CUBIC ENERGY: Anchorage Advisors, et al., Report 49% Stake
DEB STORES: Seeks Until March 30 to File Ch. 11 Plan
EASTERN UNIVERSITY: S&P Lowers Rating on 2012 Revenue Bonds to BB+
ENCLAVE AT BOYNTON: BI Boca Wants Chapter 11 Case Dismissed
ENDEAVOUR OPERATING: Marcellus Assets Sold for $100K to LPN Energy

ENERGY FUTURE: Hires Greenberg Traurig as Special Counsel
ESTERLINA VINEYARDS: Court OKs IPFS Premium Finance Agreement
ESTERLINA VINEYARDS: Obtains Approval to Sell Bulk Wine
ESTERLINA VINEYARDS: Seeks Court Approval to Use Cash Collateral
F-SQUARED INVESTMENT: Seeks April 4 Extension of Removal Deadline

GARLOCK SEALING: Asbestos Claimants Reject 2nd Amended Plan
GARLOCK SEALING: Revision of Criteria for Class 4 Voting Opposed
GLOBAL MARITIME: Creditors' Panel Taps Faegre Baker as Counsel
HOMEJOY LLC: Case Summary & 20 Largest Unsecured Creditors
JARDEN CORP: Moody's Puts Ba3 CFR Under Review for Upgrade

JW RESOURCES: Taps Coulter & Justus as Accountants
MAGNUM HUNTER: Files Chapter 11 With Prearranged Plan
MAGNUM HUNTER: Files for Chapter 11 Amid Oil Price Drop
MAGNUM HUNTER: Moody's Lowers CFR to Ca on Ch. 11 Filing
MAGNUM HUNTER: S&P Lowers CCR to 'D' on Chap. 11 Filing

MILLENNIUM LAB: Releases Delay Prepack Plan Approval
MIRANT CORP: Commerzbank Beats Payment Recovery Suit
MISSION REGIONAL: S&P Lowers Rating on 3 Bonds to 'BB+'
MJ HOLDINGS: Losses, Deficit Raise Going Concern Doubt
MOLYCORP INC: Said to Get No Bids for Firm in First Round

NEIMAN MARCUS: Bonds Plunge After Same-Store Sales Decline
ORBIT AIRCRAFT: Fitch Withdraws 'BBsf' Rating on Class C-1 Notes
PHYSICAL PROPERTY: Posts HK$186K Net Loss in Qtr. Ended Sept. 30
PLASTIC2OIL INC: Limited Resources Raise Going Concern Doubt
POSTROCK ENERGY: Has Going Concern Doubt, In Talks with Lenders

QUIKSILVER INC: KEIP, KERP OK Despite U.S. Trustee's Objection
RDIO INC: Gets Nod to Tap $3M Loan to Facilitate Sale Transaction
REXFORD PROPERTIES: Seeks to Obtain $2-Mil. DIP Loan
RITE AID: Gets Second Information Request From FTC Under HSR Act
SABLE NATURAL: Losses, Deficit Cast Going Concern Doubt

SIGA TECHNOLOGIES: Files Reorganization Plan to Exit Bankruptcy
SLG INNOVATION: Case Summary & 20 Largest Unsecured Creditors
SOURCEHOV LLC: S&P Lowers CCR to 'B-', Outlook Negative
SYNIVERSE HOLDINGS: Moody's Lowers CFR to B3, Outlook Negative
TEXAS REGENCY: Court Approves $10.5-Mil. Regency Square Sale

U.S. CONCRETE: S&P Raises CCR to 'BB-', Outlook Stable
UNIVERSAL INDUSTRIAL: Case Summary & 20 Top Unsecured Creditors
UTSTARCOM HOLDINGS: Gu Guoping, et al., Own 31.7% of Shares
VICTORY MEDICAL: Seeks Until Jan. 8 to File Ch. 11 Plan
WELLS ENTERPRISES: Moody's Raises CFR to B1, Outlook Stable

WEST CORP: THL Managing Director Resigns From Board
YUM! BRANDS: Moody's Lowers CFR to Ba3, Outlook Negative
ZLOOP, INC: Hickory Settlement, $885K Sale of Property Approved
ZOHAR CDO 2003-1: Defies Lynn Tilton's Bid to Push It to Bankruptcy
[*] Amendment to Debt Restructuring Law Pulled from Spending Bill

[*] Ex-Chapter 11 Trustee Timothy Gay Joins El Capitan's Board
[*] Kramer Levin's Amy Caton Named as Law360 Bankruptcy MVP
[*] Low Oil Price on Threat of Prolonged Oversupply, Moody's Says
[*] Persistent Low Oil Prices Stress Oil & Gas Issuers, Moody's Say
[*] S&P Removes 4 Companies From "Under Criteria Observation"

[^] Recent Small-Dollar & Individual Chapter 11 Filings

                            *********

33 PECK: Fortuna 37 Emerges as Winning Bidder for Wyndham Property
------------------------------------------------------------------
The purchaser of the third of the four Manhattan hotel properties
that filed Chapter 11 petitions on Sept. 3, 2015, under the
auspices of Gemini Real Estate Advisors was decided on Dec. 15 in
the U.S. Bankruptcy Court for the Southern District of New York.
Fortuna 37 West 24th Street LLC submitted the final winning bid of
$60 million, outbidding stalking horse bidder Bridgeton
Acquisitions LLC in the auction for the Wyndham Garden Flatiron
District, located at 37 West 24th St.  The deal is expected to
close in early 2016.

"[Tues]day's proceeding moves us forward, bringing us one step
closer to our ultimate goal," said Dante Massaro, president and CEO
of Gemini Real Estate Advisors.  "We are confident that this sale
is in the best interests of all of our stakeholders -- confidence
that has been confirmed through the positive feedback we have
received from our investors throughout this long and involved
process."

The purchasers of two of the other hotel properties involved in the
Chapter 11 petitions were decided in the U.S. Bankruptcy Court for
the Southern District of New York on Dec. 1.  The Howard Hughes
Corporation (HCH) bid $38.3 million for the Best Western Seaport,
located at 33 Peck Slip, and Bridgeton Acquisitions LLC bid $78
million for the Jade Greenwich Village, located at 57 West 13th St.
Both sales are expected to close by the end of 2015.

"To date, the Chapter 11 process has been successful at permitting
purchasers, like Fortuna, Bridgeton and The Howard Hughes
Corporation, to participate in the purchase of the hotel assets,"
said Scott Gautier, Robins Kaplan LLP co-lead counsel to the
debtors.  Robins Kaplan partners Mark LaConte and Craig Weiner also
represent the debtors, and Lorie Ball is involved in the sale
proceedings.

The final property involved in the Chapter 11 petitions, the Bryant
Park Development Site located at 36 West 38th St., is currently
being marketed and is expected to sell in early 2016.  A stalking
horse sales agreement has not yet been reached for the hotel
development site.

Parties interested in bidding on the Bryant Park Development Site
property should contact Douglas Herscher at RobertDouglas in New
York at (212) 993-7424 for more information.

                About Gemini Real Estate Advisors

Based in Charlotte, N.C., Gemini is a vertically integrated real
estate investment and operating company that manages more than 2.5
million square feet of property in 10 states across the United
States.  Gemini currently owns a portfolio of shopping centers,
hotels and fixed income investments with a value of approximately
$700 million.

                          About 33 Peck

Owners of four New York City hotel properties, namely 33 Peck Slip
Acquisition LLC, Gemini 37 West 24th Street MT, LLC, 36 West 38th
Street LLC and 52 West 13th P, LLC, have sought Chapter 11
bankruptcy protection, intending to auction off their assets in
connection with a Chapter 11 plan.  The Debtors are affiliated with
Gemini Real Estate Advisors.

As of the bankruptcy filing, the Debtors owned:

   * the Best Western Seaport Hotel, at 33 Peck Slip in the South
Street Seaport Historic District on the Lower Manhattan waterfront
in New York City, New York;

   * the Wyndham Flatiron Hotel, at 37 West 24th Street in the
Flatiron district of New York City, New York;

   * the Jade Greenwich Village Hotel at 52 West 13th Street in
Greenwich Village in Lower Manhattan in New York City, New York;
and

   * the Bryant Park Development Site, a development lot that is
approved for development as a 114-room boutique hotel at 34-36 West
38th Street in the Bryant Park district of New York City, New
York.

33 Peck Slip Acquisition LLC, et al., sought Chapter 11 bankruptcy
petition (Bankr. S.D.N.Y. Case Nos. 15-12479 to 15-12482) on Sept.
3, 2015.

The Debtors reported total assets of $205.8 million and total
liabilities of $135.6 million.

The Debtors tapped Robins Kaplan LLP as attorneys; and Robert
Douglas as real estate advisor.

The bar date for filing proofs of claim is Dec. 16, 2015.

The Debtors have submitted a liquidating plan that will pay off
creditors from proceeds of the sale of the assets.

The Debtors have solicited stalking horse initial offers for the
properties totaling $200 million, subject to potential higher bids
at a Nov. 10 auction.  The Debtors plan to sell the Seaport hotel
for $37.5 million, the Jade hotel for $78 million, the Wyndham
hotel for $57 million, and the development site for $25.5 million.


ADVANCE WATCH: Plan Offers Little for Unsecured Creditors
---------------------------------------------------------
Lillian Rizzo, writing for Dow Jones' Daily Bankruptcy Review,
reported that Geneva Watch Group, also known as Advance Watch Co.,
the designer of watches for brands like Kenneth Cole and Tommy
Bahama, is offering little recovery for its unsecured creditors in
its bankruptcy case.

According to the report, the company said in court papers filed on
Dec. 15 it plans to pay back all of its secured lenders, which are
owed about $13.4 million, in full while its unsecured creditors
will see a recovery of at most 5%.

                         About Advance Watch

Advance Watch Company Ltd., Binda USA Holdings, Inc., Sunburst
Products, Inc. and GWG International, Ltd. filed Chapter 11
bankruptcy petitions (Bankr. S.D.N.Y. Proposed Lead Case No.
15-12690) on Sept. 30, 2015.  Jeffrey L. Gregg signed the petition
as chief restructuring officer.

The Debtors listed total assets of $41.4 million and total
liabilities of $98 million.

The Debtors have engaged Venable LLP as counsel.

Founded in 1974, Advance Watch is part of a privately-held global
enterprise that designs, assembles, markets, and distributes
consumer watches under the trade name Geneva Watch Group.


AESYS TECHNOLOGIES: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------------
Debtor: Aesys Technologies, LLC
        693 North Hills Road
        York, PA 17402

Case No.: 15-05333

Chapter 11 Petition Date: December 15, 2015

Court: United States Bankruptcy Court
       Middle District of Pennsylvania (Harrisburg)

Judge: Hon. Mary D France

Debtor's Counsel: Albert A. Ciardi, III, Esq.
                  CIARDI CIARDI & ASTIN, P.C.
                  One Commerce Square
                  2005 Market Street, Ste. 3500
                  Philadelphia, PA 19103
                  Tel: 215 557-3550
                  Fax: 215 557-3551
                  Email: aciardi@ciardilaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Kevin J. Hoey, president and CEO.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/pamb15-05333.pdf


ALLIED NEVADA: Objects to Tuttle's 2nd Bid for Ch. 11 Examiner
--------------------------------------------------------------
Allied Nevada Gold Corp., et al., assert that the U.S. Bankruptcy
Court for the District of Delaware should deny the relief requested
by Mr. Tuttle for being moot as expressly provided in the Court's
October 8, 2015 order confirming the Debtors' Amended Joint Chapter
11 Plan of Reorganization.

The Debtors also argue that Mr. Tuttle's Second Examiner Motion is
unavailing because the Court had already confirmed the Debtor's
Chapter 11 Plan and according to the express language of Section
1104(c) of the Bankruptcy Code, "a bankruptcy court may appoint an
examiner at any time before the confirmation of a plan."  The
Debtors further ask the Court to deny Mr. Tuttle's Reimbursement
Application, saying it fails to satisfy the requirements of Section
503(b)(3)(D) proscribing that "in determining whether there has
been a 'substantial contribution', the applicable test is whether
the efforts of the applicant resulted in an actual and demonstrable
benefit to the debtor's estate and the creditors.

The ad hoc group of beneficial holders, investment advisors or
managers of certain funds or accounts of beneficial holders of
Allied Nevada Gold Corp. 8.75% Senior Unsecured Notes due 2019
joins in the Debtors' Omnibus Objection.

Allied Nevada Gold Corp. is represented by:

         Stanley B. Tarr, Esq.
         Michael D. DeBaecke, Esq.
         Victoria A. Guilfoyle, Esq.
         BLANK ROME LLP
         1201 N. Market Street, Suite 800
         Wilmington, Delaware 19801
         Telephone: (302) 425-6400
         Facsimile: (302) 425-6464
         Email: Tarr@BlankRome.com
                Debaecke@BlankRome.com
                Guilfoyle@BlankRome.com

            -- and --

         Ira S. Dizengoff, Esq.
         Philip C. Dublin, Esq.
         Alexis Freeman, Esq.
         Matthew C. Fagen, Esq.
         AKIN GUMP STRAUSS HAUER & FELD LLP
         One Bryant Park
         New York, New York 10036
         Telephone: (212) 872-1000
         Facsimile: (212) 872-1002
         Email: idizengoff@akingump.com
                pdublin@akingump.com
                afreeman@akingump.com
                mfagen@akingump.com

The Ad Hoc Group is represented by:

         Matthew B. Lunn, Esq.
         Robert F. Poppiti, Jr., Esq.
         YOUNG CONAWAY STARGATT & TAYLOR, LLP
         Rodney Square, 1000 North King Street
         Wilmington, DE 19801
         Tel: (302) 571-6600
         Fax: (302) 571-1256
         Email: mlunn@ycst.com
                rpoppiti@ycst.com

            -- and --

         Kristopher M. Hansen, Esq.
         Jayme T. Goldstein, Esq.
         STROOCK & STROOCK & LAVAN LLP
         180 Maiden Lane
         New York, NY 10038
         Tel: (212) 806-5400
         Fax: (212) 806-6006
         Email: khansen@stroock.com
                jgoldstein@stroock.com

                      About Allied Nevada

Allied Nevada Gold Corp. ("ANV"), a Delaware corporation, is a
publicly traded U.S.-based gold and silver producer engaged in
mining, developing and exploring properties in the State of
Nevada.

ANV was spun off from Vista Gold Corp. in 2006 and began
Operations in May 2007.  Nevada-based mining properties acquired
from Vista include the Hycroft Mine, an open-pit heap leach
operation located 54 miles west of Winnemucca, Nevada.  ANV
controls 75 exploration properties throughout Nevada as of Dec. 31,
2014.

On March 10, 2015, ANV and 13 affiliated debtors each filed a
voluntary petition for relief under Chapter 11 of the U.S.
Bankruptcy Code in the United States Bankruptcy Court for the
District of Delaware.  The cases are jointly administered under
Lead Case No. 15-10503.  The cases are assigned to Judge Mary F.
Walrath.

The Debtors have tapped Blank Rome LLP and Akin Gump Strauss Hauer
& Feld LLP as attorneys; FTI Consulting Inc. as financial advisor;
Moelis & Company as financial advisor; and Prime Clerk LLC as
claims and noticing agent.

ANV disclosed $941 million in total assets and $664 million in
total debt as of Dec. 31, 2014.

BankruptcyData reported that Allied Nevada Gold's Amended Joint
Chapter 11 Plan of Reorganization became effective and the Company
emerged from Chapter 11 protection.

The Court confirmed the Plan on Oct. 8, 2015.  Highlights of the
Plan include the following: As a result of the financial
restructuring, the Company eliminated approximately $447.7 million
of debt and related interest payments from its balance sheet.  The
Company closed two financings: a $126.7 million first lien term
loan credit agreement and $95 million of second lien convertible
notes.  The credit agreement proceeds were used to repay the
Company's outstanding loan obligations related to its revolving
credit agreement and the amounts owed under the Company's diesel
and cross-currency swap arrangements.


ALPHA NATURAL: Hearing on Benefits Termination Adjourned to Jan. 21
-------------------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of Virginia
adjourned until Jan. 21, 2016, at 10:00 a.m., Alpha Natural
Resources, Inc.'s motion to terminate certain unvested non-pension
benefits.

The Debtors sought to terminate certain unvested benefits effective
as of Dec. 31, 2015, so that, among other things, the affected
retirees could take such termination into account when considering
plan choices and government subsidies in connection with making
their 2016 medical coverage elections.

The Debtors said the Non-Pension Retiree Benefits currently offered
by them represent a financial burden on their chapter 11 estates,
costing them approximately $2.7 million in 2014, for payments made
to or on behalf of Non-Union Retirees, and representing an
approximately $125 million liability on the Debtors' balance
sheets, for future payments expected to be made to or on behalf of
Non-Union Retirees and eligible Non-Union Active Employees.  The
Debtors further relate that for the nine months ending Sept. 30,
2015, they have paid $2.8 million in Non-Pension Retiree Benefits
to or on behalf of Non-Union Retirees.

                       About Alpha Natural

Alpha Natural -- http://www.alphanr.com/-- is a coal supplier,    

ranked second largest among publicly traded U.S. coal producers as
measured by 2014 consolidated revenues of $4.3 billion.  

Alpha Natural Resources, Inc. (Bankr. E.D. Va. Case No. 15-33896)
and its affiliates filed separate Chapter 11 bankruptcy petitions
on Aug. 3, 2015, listing $9.9 billion in total assets as of June
30, 2015, and $7.3 billion in total liabilities as of June 30,
2015.  The petition was signed by Richard H. Verheij, executive
vice president, general counsel and corporate secretary.

Judge Kevin R. Huennekens presides over the case.

David G. Heiman, Esq., Carl E. Black, Esq., and Thomas A. Wilson,
Esq., at Jones Day serve as the Debtors' general counsel.

Tyler P. Brown, Esq., J.R. Smith, Esq., Henry P. (Toby) Long, III,
Esq., and Justin F. Paget, Esq., serve as the Debtors' local
counsel.  Rothschild Group is the Debtors' financial advisor.
Alvarez & Marshal Holdings, LLC, is the Debtors' investment
banker.  Kurtzman Carson Consultants, LLC, is the Debtors' claims
and noticing agent.

The U.S. Trustee for Region 4 appointed seven creditors of Alpha
Natural Resources Inc. to serve on the official committee of
unsecured creditors.


AMERICAN NATURAL: Panel Hires Lugenbuhl Wheaton as Counsel
----------------------------------------------------------
The Official Committee of Unsecured Creditors of American Natural
Energy Corporation seeks authorization from the Hon. Elizabeth W.
Magner of the U.S. Bankruptcy Court for the Eastern District of
Louisiana to retain Lugenbuhl, Wheaton, Peck, Rankin & Hubbard as
counsel to the Committee, nunc pro tunc to October 29, 2015.

The Committee requires Lugenbuhl Wheaton to:

   (a) advise the Committee with respect to its rights, duties and

       powers in this Chapter 11 case;

   (b) assist and advise the Committee in its consultations with
       the Debtor in connection with the administration of this
       Chapter 11 case;

   (c) review the nature and validity of liens asserted against
       property of the Debtor and advise the Committee concerning
       the enforceability of such liens;

   (d) review the nature and validity of claims of title to
       property that may belong to the state and advise the
       Committee concerning litigation of such claims;

   (e) assist the Committee in analyzing the claims of the
       Debtor's creditors and the Debtor's capital structure, and
       negotiate with holders of claims and equity interests;

   (f) advise the Committee concerning the actions that it might
       take to collect and recover property for the benefit of the

       Debtor's estate;

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

   (h) assist the Committee in its analysis of and negotiations
       with the Debtor or any third party concerning matters
       related to, among other things, the reconciliation of
       claims, the assumption or rejection of certain leases of
       nonresidential real property and executory contracts, asset

       dispositions, financing issues, and the terms of a plan of
       reorganization and accompanying disclosure statement and
       related documents;

   (i) assist and advise the Committee regarding its
       communications to the general creditor body about
       significant matters in this Chapter 11 case;

   (j) represent the Committee at hearings and other proceedings;

   (k) assist the Committee in preparing pleadings and
       applications as may be necessary in furtherance of the
       Committee's interests and objectives;

   (l) prepare, on behalf of the Committee, any pleadings,
       including without limitation, motions, memoranda,
       complaints, objections, and responses to any of the
       foregoing;

   (m) provide information to creditors in accordance with section

       1102(b)(3) of the Bankruptcy Code, subject to
       confidentiality agreements and orders of the Court; and

   (n) perform other legal services as may be required or are
       otherwise deemed to be in the interests of the Committee in

       accordance with the Committee's powers and duties as set
       forth in the Bankruptcy Code, Bankruptcy Rules and other
       applicable law.

Lugenbuhl Wheaton will be paid at these hourly rates:

       Stewart F. Peck             $400
       Christopher T. Caplinger    $325
       Joseph P. Briggett          $235
       Paralegal                   $100

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

Stewart F. Peck, member of Lugenbuhl Wheaton, assured the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtors and their estates.

Lugenbuhl Wheaton can be reached at:

       Stewart F. Peck, Esq.
       LUGENBUHL, WHEATON, PECK,
       RANKIN & HUBBARD
       601 Poydras St., Suite 2775
       New Orleans, LA 70130
       Tel: (504) 568-1990
       Fax: (504) 310-9195

                       About American Natural

American Natural Energy Corporation, a Tulsa, Oklahoma-based
independent exploration and production company with operations in
St. Charles Parish, Louisiana, was subjected to an involuntary
Chapter 11 petition on Aug. 31, 2015 (Bankr. E.D. La., Case No.
15-122290), by Reamco, Inc., C&M Contractors, Inc., Bayou Fuel
Marine & Hardware Supplies, Inc., and Hillair Capital Investments,
L.P.  The Petitioners are represented by Philip Kirkpatrick Jones,
Jr., Esq., at Liskow & Lewis, in New Orleans, Louisiana; and
Michael A. Crawford, Esq., at Taylor, Porter, Brooks & Phillips
LLP, in Baton Rouge, Louisiana.


ARCH COAL: Uses Grace Period to Continue Creditor Talks
-------------------------------------------------------
Anne Steele, writing for Dow Jones' Daily Bankruptcy Review,
reported that Arch Coal Inc. said it would take the 30-day grace
period under its indenture agreements with holders to continue
discussions with creditors to restructure its balance sheet.

According to the report, the move extends the time period the
company has to make the $90 million interest payment due Dec. 15
without default under the indentures.  Though the company has
defaulted under loan terms, it said it is in "active discussions
with its lenders and doesn't anticipate the lenders taking any
remedial action," the report related.

                      About Arch Coal

Arch Coal, Inc.'s primary business is the production of thermal
and metallurgical coal from surface and underground mines located
throughout the United States, for sale to utility, industrial and
steel producers both in the United States and around the world.
The Company currently operates mining complexes in West Virginia,
Maryland, Virginia, Illinois, Wyoming and Colorado.

Arch Coal reported a net loss of $558 million in 2014, a net loss
of $642 million in 2013 and a net loss of $684 million in 2012.

As of Sept. 30, 2015, the Company had $5.84 billion in total
assets, $6.45 billion in total liabilities and a $605 million
total
stockholders' deficit.

                           *     *     *

The Troubled Company Reporter, on July 8, 2015, reported that
Fitch Ratings has downgraded the Issuer Default Rating of Arch
Coal, Inc. to 'C' from 'CCC'.  The downgrade follows Arch Coal's
announcements of exchange offers which Fitch considers Distressed
Debt Exchanges in accordance with Fitch's Distressed Debt Exchange
criteria.

The TCR, on May 6, 2015, reported that Moody's Investors Service
downgraded the corporate family rating of Arch Coal to 'Caa3' from
'Caa1' and the probability default rating to 'Caa3-PD' from
'Caa1-PD'.  The downgrade follows the continued stress on the coal
sector, and the resulting deterioration in the company's credit
metrics.  At the same time, Moody's downgraded the ratings on the
senior secured term loan and bank revolving facility to 'Caa1'
from 'B2', the second lien notes to Caa3 from Caa1, and all
unsecured notes to 'Ca', from 'Caa2'.  Moody's also affirmed the
Speculative Grade Liquidity rating of SGL-3.  The outlook is
negative.

As reported by the TCR on July 9, 2015, Standard & Poor's Ratings
Services said it lowered its corporate credit rating on Arch Coal
to 'CC' from 'CCC+'.  Standard & Poor's Ratings Services said it
lowered its corporate credit rating on Arch Coal to 'CC' from
'CCC+'.  The rating action reflects Arch Coal's July 3, 2015,
announcement of a private debt exchange offer for its senior
unsecured debt.


ATLANTIC & PACIFIC: Judge Denies Bid to Set Aside Sale Proceeds
---------------------------------------------------------------
U.S. Bankruptcy Judge Robert Drain denied the request of Joseph
Angelone to force Great Atlantic & Pacific Tea Company Inc. to set
aside proceeds from the sale or assignment of their lease
agreement.

Mr. Angelone is the owner and landlord of Store No. 15, which is
leased by the company.  The store is located at 2424 Flatbush
Avenue, Brooklyn, New York.

The landlord had earlier opposed the assignment of the lease,
saying he was entitled to receive 50% of the proceeds, a right that
he negotiated with the company to settle a lawsuit in 2003.

       About The Great Atlantic & Pacific Tea Company, Inc.

Based in Montvale, New Jersey, The Great Atlantic & Pacific Tea
Company, Inc., and its affiliates are one of the nation's oldest
leading supermarket and food retailers, operating approximately 300
supermarkets, beer, wine, and liquor stores, combination food and
drug stores, and limited assortment food stores across six
Northeastern states.  The primary retail operations consist of
supermarkets operated under a variety of well known trade names, or
"banners," including A&P, Waldbaum's, SuperFresh, Pathmark, Food
Basics, The Food Emporium, Best Cellars, and A&P Liquors.  The
Company employs approximately 28,500 employees, over 90% of whom
are members of one of twelve local unions whose members are
employed by the Debtors under the authority of 35 separate
collective bargaining agreements.

Then with 429 stores, A&P and its affiliates filed Chapter 11
petitions (Bankr. S.D.N.Y. Case No. 10-24549) on Dec. 12, 2010, and
in 2012 emerged from Chapter 11 bankruptcy as a privately held
company with 320 supermarkets.

On July, 19, 2015, with 300 stores, A&P and 20 affiliated debtors
each filed a Chapter 11 petition (Bankr. S.D.N.Y.) after reaching
deals for the going concern sales of 120 stores.  The Debtors are
seeking joint administration under Case No. 15-23007.

The Debtor disclosed total assets of $601,441,108 and total
liabilities of $1,984,459,086 as of the Petition Date.

The Debtors tapped Weil, Gotshal & Manges LLP as counsel, Evercore
Group L.L.C., as investment banker, FTI Consulting, Inc., as
financial advisor, Hilco Real Estate, LLC, as real estate advisor,
and Prime Clerk LLC, as claims and noticing agent.

The U.S. Trustee for Region 2 appointed seven creditors to serve on
the official committee of unsecured creditors.  Pachulski Stang
Ziehl & Jones LLP serves as its counsel, and Zolfo Cooper, LLC, as
serves as its financial advisors and bankruptcy consultants.


ATLANTIC & PACIFIC: Sells 2 NY Stores to R.B.G. for $18-Mil.
------------------------------------------------------------
Great Atlantic & Pacific Tea Company Inc. has sold its two stores
in New York to R.B.G. Management Corp., which made an $18.065
million offer.

Under the deal, R.B.G. offered $4.75 million for the company's
store located at 1066 3rd Avenue, New York, and $13.315 million for
the other store located at 1331 1st Avenue, New York.

Great Atlantic runs both stores under the Food Emporium name.

R.B.G. emerged as the winning bidder at a court-supervised auction
for the stores held in October.  Meanwhile, the company was
selected as the back-up bidder for another store located at 810 8th
Avenue, New York.  R.B.G. offered $9.535 million, according to
court filings.

The sale was approved by Judge Robert Drain of the U.S. Bankruptcy
Court for the Southern District of New York.

UFCW Local 342 had previously criticized the sale agreement, saying
it did not require the buyer to assume the union's labor contract
with Great Atlantic.

The union represents more than 2,000 employees of Great Atlantic
and its affiliates, court filings show.

       About The Great Atlantic & Pacific Tea Company, Inc.

Based in Montvale, New Jersey, The Great Atlantic & Pacific Tea
Company, Inc., and its affiliates are one of the nation's oldest
leading supermarket and food retailers, operating approximately 300
supermarkets, beer, wine, and liquor stores, combination food and
drug stores, and limited assortment food stores across six
Northeastern states.  The primary retail operations consist of
supermarkets operated under a variety of well known trade names, or
"banners," including A&P, Waldbaum's, SuperFresh, Pathmark, Food
Basics, The Food Emporium, Best Cellars, and A&P Liquors.  The
Company employs approximately 28,500 employees, over 90% of whom
are members of one of twelve local unions whose members are
employed by the Debtors under the authority of 35 separate
collective bargaining agreements.

Then with 429 stores, A&P and its affiliates filed Chapter 11
petitions (Bankr. S.D.N.Y. Case No. 10-24549) on Dec. 12, 2010, and
in 2012 emerged from Chapter 11 bankruptcy as a privately held
company with 320 supermarkets.

On July, 19, 2015, with 300 stores, A&P and 20 affiliated debtors
each filed a Chapter 11 petition (Bankr. S.D.N.Y.) after reaching
deals for the going concern sales of 120 stores.  The Debtors are
seeking joint administration under Case No. 15-23007.

The Debtor disclosed total assets of $601,441,108 and total
liabilities of $1,984,459,086 as of the Petition Date.

The Debtors tapped Weil, Gotshal & Manges LLP as counsel, Evercore
Group L.L.C., as investment banker, FTI Consulting, Inc., as
financial advisor, Hilco Real Estate, LLC, as real estate advisor,
and Prime Clerk LLC, as claims and noticing agent.

The U.S. Trustee for Region 2 appointed seven creditors to serve on
the official committee of unsecured creditors.  Pachulski Stang
Ziehl & Jones LLP serves as its counsel, and Zolfo Cooper, LLC, as
serves as its financial advisors and bankruptcy consultants.


ATLANTIC & PACIFIC: Sells Croton-on-Hudson Store to PSK
-------------------------------------------------------
Great Atlantic & Pacific Tea Company Inc. has sold its store in
Croton-on-Hudson, New York, to PSK Supermarkets Inc.

PSK Supermarkets made a $465,000 cash offer to purchase the assets
used in operating the store, including inventory, equipment and
those related to the in-store pharmacies.

Great Atlantic operates the store located at 2005 Albany Post Road,
Croton-on-Hudson, under the A&P name.  

The buyer will also assume certain liabilities of the company and
may hire employees at the A&P store, court filings show.

The sale was approved by Judge Robert Drain of the U.S. Bankruptcy
Court for the Southern District of New York.  

       About The Great Atlantic & Pacific Tea Company, Inc.

Based in Montvale, New Jersey, The Great Atlantic & Pacific Tea
Company, Inc., and its affiliates are one of the nation's oldest
leading supermarket and food retailers, operating approximately 300
supermarkets, beer, wine, and liquor stores, combination food and
drug stores, and limited assortment food stores across six
Northeastern states.  The primary retail operations consist of
supermarkets operated under a variety of well known trade names, or
"banners," including A&P, Waldbaum's, SuperFresh, Pathmark, Food
Basics, The Food Emporium, Best Cellars, and A&P Liquors.  The
Company employs approximately 28,500 employees, over 90% of whom
are members of one of twelve local unions whose members are
employed by the Debtors under the authority of 35 separate
collective bargaining agreements.

Then with 429 stores, A&P and its affiliates filed Chapter 11
petitions (Bankr. S.D.N.Y. Case No. 10-24549) on Dec. 12, 2010, and
in 2012 emerged from Chapter 11 bankruptcy as a privately held
company with 320 supermarkets.

On July, 19, 2015, with 300 stores, A&P and 20 affiliated debtors
each filed a Chapter 11 petition (Bankr. S.D.N.Y.) after reaching
deals for the going concern sales of 120 stores.  The Debtors are
seeking joint administration under Case No. 15-23007.

The Debtor disclosed total assets of $601,441,108 and total
liabilities of $1,984,459,086 as of the Petition Date.

The Debtors tapped Weil, Gotshal & Manges LLP as counsel, Evercore
Group L.L.C., as investment banker, FTI Consulting, Inc., as
financial advisor, Hilco Real Estate, LLC, as real estate advisor,
and Prime Clerk LLC, as claims and noticing agent.

The U.S. Trustee for Region 2 appointed seven creditors to serve on
the official committee of unsecured creditors.  Pachulski Stang
Ziehl & Jones LLP serves as its counsel, and Zolfo Cooper, LLC, as
serves as its financial advisors and bankruptcy consultants.



ATOSSA GENETICS: Management Expresses Going Concern Doubt
---------------------------------------------------------
Atossa Genetics Inc. has incurred net losses and negative operating
cash flows since inception.  For the three months ended September
30, 2015, the company incurred a net loss of $4,318,111, compared
to a net loss of $3,245,395 for the same period in 2014. For the
nine months ended September 30, 2015, the company recorded a net
loss of approximately $10.8 million and used approximately $10
million of cash in operating activities.  As of September 30, 2015,
the company had approximately $7.8 million in cash and cash
equivalents and working capital of approximately $6.2 million.

"The company has not yet established an ongoing source of revenue
sufficient to cover its operating costs and allow it to continue as
a going concern.  The ability of the company to continue as a going
concern is dependent on the company obtaining adequate capital to
fund operating losses until it becomes profitable," Steven C. Quay,
president and chief executive officer, and Kyle Guse, chief
financial officer, general counsel and secretary of the company,
disclosed in a regulatory filing with the U.S. Securities and
Exchange Commission on November 12, 2015.

"These conditions raise substantial doubt as to the company's
ability to continue as a going concern."

Messrs. Quay and Guse told the SEC, "The company can give no
assurances that any additional capital that it is able to obtain,
if any, will be sufficient to meet its needs, or that any such
financing will be obtainable on acceptable terms. If the company is
unable to obtain adequate capital, it could be forced to cease
operations or substantially curtail is commercial activities.

"In order to continue as a going concern, the company will need,
among other things, additional capital resources.  Management's
plans to obtain such resources for the company include (1)
obtaining capital from the sale of its equity securities, (2) sales
of the ForeCYTE and FullCYTE Breast Aspirators and laboratory
service revenue, and (3) short-term borrowings from the banks,
stockholders or related party(ies), if needed.  However, management
cannot provide any assurance that the company will be successful in
accomplishing any of its plans.

"The ability of the company to continue as a going concern is
dependent upon its ability to successfully accomplish the plans
described in the preceding paragraph and eventually to secure other
sources of financing and attain profitable operations."

At September 30, 2015, the company had total assets of $12,357,390,
total liabilities of $3,298,293, and total stockholders' equity of
$9,059,097.

A full-text copy of the company's quarterly report is available for
free at: http://tinyurl.com/zr78wre

Seattle-based Atossa Genetics Inc. is focused on the development of
locally-administered pharmaceuticals for the treatment of
pre-cancer and early stage breast cancer.  This healthcare
company's leading pharmaceutical under development is Afimoxifene
Gel, which is in Phase II clinical development.



BOOMERANG SYSTEMS: Amends DIP Agreement, To Pursue Liquidation
--------------------------------------------------------------
Boomerang Systems, Inc., et al., ask the U.S. Bankruptcy Court for
the District of Delaware to approve a first amendment to their DIP
Credit Agreement with Game Over Technology Investors, LLC, as agent
for itself and other lenders.

Joseph J. McMahon, Esq., at Ciardi, Ciardi & Astin, in Wilmington,
Delaware, relates that the Debtors were unable to finalize and
execute the DIP Credit Agreement with the DIP Lenders.  Afterwards,
while keeping the professionals of the Official Committee of
Unsecured Creditors apprised of all events, the Debtors and the DIP
Lenders agreed that the Debtors should pursue an orderly
liquidation of its assets through a Chapter 11 liquidation.
Unfortunately, these negotiations were also extensive and there
were concerns expressed over the funding of a liquidation of the
Debtors as the DIP Loan when originally it was the parties'
intention to reorganize the Debtors, Mr. McMahon tells the Court.

On Dec. 4, 2015, the DIP Agent reached an understanding with James
Gelly, Chief Executive Officer of the Debtors, and Mark Patterson,
the President and Chairman of the Board of the Debtors, that
officers of the Debtors and members of the board of directors that
are qualified investors could participate as DIP Participants in
the aggregate amount of $200,000 of the $750,000 in funding
necessary to conduct a Section 363 sale of the Debtors and to
confirm a Chapter 11 liquidating plan.  The DIP Agent will provide
the remaining $550,000 of the $750,000 in additional DIP funding
under the amended DIP Loan.

In connection with the amendment, the Debtors, the DIP Agent, and
the Creditors' Committee have agreed that the Committee's financial
advisor will work with the Debtors to market the assets of the
Debtors' estates and conduct the necessary and appropriate sales
process in an effort to maximize value of the estates.  The parties
will file a joint Chapter 11 plan of liquidation, which will
incorporate the Section 363 sale of the assets and distributions of
available proceeds from a liquidation trust.

Mr. McMahon explains that the proposed amendment is necessary to
fund an orderly liquidation of the Debtors' estates while
maintaining the value of the estates' assets in its effort to
maximize the returns to the various creditor constituencies in the
case.  He adds that the terms have been negotiated between the
Debtors and the DIP Agent with the professionals of the Official
Committee of Unsecured Creditors being kept apprised of the
negotiations.

Mr. McMahon asserts that by having the Creditors' Committee's
financial advisor conduct an orderly liquidation and auction of the
Debtors' patent portfolio and related assets, the value thereof
will be maximized for all parties in interest.  The Debtors believe
that the consensual amendment to the DIP Loan will help begin the
process of a confirmable liquidation plan and the maximization of
value for all parties in interest.  He concluded that it is a goal
in every Chapter 11 to have consensual plan of Reorganization.

Boomerang Systems, Inc. is represented by:

         Daniel K. Astin, Esq.
         John D. McLaughlin, Jr., Esq.
         Joseph J. McMahon, Jr., Esq.
         CIARDI, CIARDI & ASTIN
         1204 N. King Street
         Wilmington, DE 19801
         Telephone: (302) 658-1100
         Facsimile: (302) 658-1300
         Email: dastin@ciardilaw.com
                jmclaughlin@ciardilaw.com
                jmcmahon@ciardilaw.com

            -- and --

         Jeffrey R. Gleit, Esq.
         SULLIVAN & WORCESTER LLP
         1633 Broadway
         New York, NY 10019
         Telephone: (212) 660-3000
         Facsimile: (212) 660-3001
         Email: jgleit@sandw.com

                      About Boomerang Systems

Headquartered in Morristown, New Jersey, Boomerang Systems, Inc.
(Pink Sheets: BMER) through its wholly owned subsidiary, Boomerang
Utah, is engaged in the design, development, and marketing of
automated racking and retrieval systems for automobile parking and
automated racking and retrieval of containerized self-storage
units.

Boomerang Systems, Inc., and three affiliates sought Chapter 11
protection (Bankr. D. Del. Lead Case No. 15-11729) on Aug. 18,
2015.

The Company has engaged the law firms Togut, Segal & Segal LLP as
general bankruptcy counsel, Ciardi, Ciardi & Astin as local
bankruptcy counsel, and Garden City Group, LLC, as claims and
noticing agent.  In addition, the Company has retained the law firm
Berg & Androphy, which filed a lawsuit on Aug. 18, 2015 in the
Southern District of New York against the Company's defaulting
lender.

The Company's legal advisors are Akin Gump Strauss Hauer & Feld
LLP in the U.S. and Bennett Jones in Canada.  Richards Layton &
Finger, P.A., is legal co-counsel in the Chapter 11 cases.
Houlihan Lokey Capital, Inc., is serving as financial advisor.
Garden City Group Inc. is the claims and noticing agent.

The Company's balance sheet at Dec. 31, 2014, showed $1.21 billion
in total assets, $2.35 billion in total liabilities and total
stockholders' deficit of $1.14 billion.

The U.S. Trustee for Region 3 appointed five creditors of
Quicksilver Resources Inc. to serve on the official committee of
unsecured creditors.  The Committee is represented by Landis Rath &
Cobb LLP's Richard S. Cobb, Esq., Matthew B. McGuire, Esq., and
Joseph D. Wright, Esq.; and Paul Weiss Rifkind Wharton & Garrison
LLP's Andrew N. Rosenberg, Esq., Elizabeth R. McColm, Esq., and
Adam M. Denhoff, Esq.


BTCS INC: Losses, Cash Flow Deficits Raise Going Concern Doubt
--------------------------------------------------------------
BTCS Inc. incurred a net loss of $3,819,439 for the three months
ended Sept. 30, 2015, compared with a net loss of $2,589,498 for
the same period in 2014.  

"Because of recurring operating losses, net operating cash flow
deficits, and an accumulated deficit, there is substantial doubt
about our ability to continue as a going concern," Charles Allen,
chief executive officer, chief financial officer and director of
the company, said in a regulatory filing with the U.S. Securities
and Exchange Commission on November 12, 2015.

The company has commenced its planned operations but had limited
operating activities to date.  The company has financed its
operations from inception using proceeds received from capital
contributions made by its members and proceeds in financing
transactions.  On January 19, 2015, the company raised $433,000 of
capital in a private placement transaction, $20,000 of capital
through the issuance of a promissory note to Michal Handerhan, the
company's Chief Operating Officer, and $45,000 of capital through
the issuance of a promissory note to a third party. On April 20,
2015, the company raised $2,312,500 of capital in a private
placement transaction.

"Notwithstanding, the company has limited revenues, limited capital
resources and is subject to all of the risks and uncertainties that
are typical of an early stage enterprise.  Significant
uncertainties include, among others, whether the company will be
able to raise the capital it needs to finance its longer term
operations and whether such operations, if launched, will enable
the company to sustain operations as a profitable enterprise," Mr.
Allen pointed out.

The company used approximately $0.5 million of cash in its
operating activities for the nine months ended September 30, 2015.
The Company incurred an $8.4 million net loss for the nine months
ended September 30, 2015.  The company had cash of $0.09 million
and a working capital deficiency of approximately $3.4 million at
September 30, 2015.  The company expects to incur losses into the
foreseeable future as it undertakes its efforts to execute its
business plans, according to Mr. Allen.

Mr. Allen told the SEC: "The company will require significant
additional capital to sustain its short-term operations and make
the investments it needs to execute its longer term business plan.
The company's existing liquidity is not sufficient to fund its
operations and anticipated capital expenditures for the foreseeable
future. If the company attempts to obtain additional debt or equity
financing, it cannot provide assurance that such financing will be
available to the company on favorable terms, if at all.

"The company continues to incur ongoing administrative and other
expenses, including public company expenses, in excess of
corresponding (non-financing related) revenue.  While the company
continues to implement its business strategy, it intends to finance
its activities through:

* managing current cash and cash equivalents on hand from the
   company's past equity offerings,

* seeking additional funds raised through the sale of additional
   securities in the future, and

* increasing revenue from its transaction verification services
   business."

At September 30, 2015, the company had total assets of $2,303,825
and total stockholders' deficit of $1,231,659.

A full-text copy of the company's quarterly report is available for
free at: http://tinyurl.com/jahwfsc

BTCS Inc. (formerly Bitcoin Shop, Inc.) is one of the first U.S.
publicly traded companies to be involved with digital consumers.  
The Arlington, Virginia-based company plans to design and build a
universal digital currency platform under the brand, "Blockchain
Technology Consumer Solutions" or BTCS.  The company currently
operates a beta commerce marketplace that already accepts a range
of digital currencies.



CAESARS ENTERTAINMENT: Fitch Affirms 'CC' Issuer Default Ratings
----------------------------------------------------------------
Fitch Ratings has affirmed the Issuer Default Ratings (IDR) of
Caesars Entertainment Corp. (CEC, the parent) at 'CC' and the IDRs
of Caesars Entertainment Resort Properties (CERP) and Caesars
Growth Properties Holdings (CGPH) at 'B-'. All of the
issue-specific ratings for CERP and CGPH have been affirmed. Fitch
has upgraded the IDR of Corner Investment PropCo (The Cromwell) to
'B-' from 'CCC' and upgraded The Cromwell's credit facility rating
to 'B+/RR2' from 'B-/RR2'. CERP, CGPH, and The Cromwell all have
Stable Outlooks. A full list of rating actions follows at the end
of this release.

The affirmation of CERP and CGPH reflects the two entities'
improving credit profiles, but recognizes existing overhangs from
the CEOC bankruptcy proceedings. The affirmation of CEC also
reflects the existing overhang from the CEOC bankruptcy.

The upgrade of The Cromwell reflects the continued ramp up of the
property that is in line with Fitch's original expectations and
leverage metrics more consistent with a 'B' category IDR. Similar
overhangs from the CEOC bankruptcy that apply to CERP and CGPH also
apply to The Cromwell.

KEY RATING DRIVERS

CERP and CGPH Credit Profiles Improving

Both entities have reduced leverage and increased free cash flow
(FCF) over the past year. For the latest-12-months (LTM) period
ending Sept. 30, 2015, CERP's leverage was 8.0x, down from 10.4x at
the end of 2014. CGPH's leverage was 6.4x, down from 7.7x at year
end 2014.

FCF has improved materially at the two entities over the past year,
with both now generating positive FCF and Fitch forecasts the FCFs
to improve through the projection horizon. The primary driver has
been an expansion of the EBITDA margins. CERP's and CGPH's margins
improved from 22% and 22% at year-end 2014 to 27% and 25% for the
LTM period ending Sept. 30, 2015, respectively. CGPH's EBITDA is
inclusive of the management fees to CEOC. Margin expansion has been
driven by more rational marketing practices and efficient
operations and increase in cash ADR rates at the Las Vegas
properties.

Project capex spending will be minimal going forward following the
May 2015 completion of a $223 million renovation of The LINQ Hotel
and Casino (formerly the Quad, CGPH) and the September 2015 opening
of the $125 million Atlantic City Conference Center (CERP). Fitch
forecasts annual maintenance capex for both entities to be somewhat
elevated through the forecast horizon as renovations continue at
select properties. These include Paris Las Vegas and Harrah's Las
Vegas for CERP and Planet Hollywood for CGPH.

The CERP and CGPH credit facilities contain 50% excess cash flow
sweeps so long as senior secured leverage ratios are above certain
thresholds (2.75x for CERP, 3.5x for CGPH). These will help
facilitate debt. CGPH could invest in additional capex projects in
lieu of debt paydown. Fitch forecasts run-rate FCF for CERP and
CGPH to be $110 - 130 million and $90 - $110 million, respectively.


The assumptions for the FCF run-rates are as follows:

CERP

-- EBITDA: $600 million - $630 million
-- Interest expense: $380 million - $366 million
-- Maintenance capex: $110 million

CGPH (inclusive of The Cromwell)

-- EBITDA: $370 million - $390 million
-- Interest expense: $154 million - $143 million
-- Maintenance capex: $50 million

Positive on Las Vegas

Fitch is positive on the Las Vegas Strip and expects low to
midsingle-digit market-wide RevPAR growth and low single-digit
visitation and gaming (excluding baccarat) growth over the next two
to three years. Fitch estimates 78% and 73% of revenues for CGPH
and CERP, respectively, are generated by properties on the Las Vegs
Strip on an LTM basis for the period ending Sept. 30, 2015. Both
entities have experienced margin improvement in their Las Vegas
segment, driven by marketing cost initiatives and increasing
pricing power from recent hotel renovations (e.g. Bally's, Planet
Hollywood, the LINQ). The company continues to make hotel
renovations a priority as the renovations deliver a high return on
invested cash.

The Las Vegas Strip will continue its long and steady
post-recession recovery despite the recent weakness in the baccarat
segment. The growth in the convention attendance, air capacity and
domestic gaming will make for a favorable operating climate,
especially for the Strip operators that are more diversified across
segments. There also will be no major new supply added at least
until 2018 allowing the demand drivers to continue to push RevPARs
higher in the interim.

CEOC Bankruptcy Overhang

An examiner was appointed to investigate CEOC's transactions
leading up to its chapter 11 bankruptcy filing. The examiner will
opine on CEOC's asset sales and transfers to CERP and CGPH, with a
focus on determining whether adequate value was received.

A reversal of the asset sales and transfers would be a source of
pressure for CERP and CGPH, although Fitch feels the risk of this
ultimately occurring is low. A more likely scenario is that either
the court finds the transactions were done at a reasonable value to
CEOC or that CGPH and/or CERP will be required to make up the
difference. Fitch believes that the latter scenario would be
manageable for both CERP's and CGPH's credit profiles.

Fitch believes the asset sales were done at the low end of a
reasonable valuation range, more so in the case of the
LINQ/Octavius Tower transfer to CERP. A reversal of transactions
would be a greater negative for CGPH, given that the transactions
under investigation constitute assets that generate substantially
all of CGPH's operating cash flow. For CERP, Fitch estimates the
LINQ/Octavius assets generate approximately 15% of total property
EBITDA, or $90 million.

CEC's 'CC' IDR reflects the linkage between CEC and CEOC vis-a-vis
CEC's collection guarantee of CEOC's credit facility and the
possibility that CEC will be liable under the payment guarantee of
CEOC's notes. CEOC released the notes' guarantee in May 2014;
however, the first-lien and second-lien noteholders are contesting
the release. CEC's 'CC' IDR is largely based on the risk that the
litigating CEOC creditors prevail and CEC will be pulled into
CEOC's insolvency proceedings via the guarantee. Fitch may upgrade
CEC's IDR to 'CCC' or higher once the uncertainty around the parent
guarantee is resolved.

CERP and CGPH Linkage

Fitch does not link the ratings of CERP and CGPH to CEOC or CEC
given the tight restricted-payment covenants in these entities'
debt documents. However, CEOC-related risks exist and weigh on the
IDRs. The main risk is that the asset sales from CEOC are unwound
or CERP/CGPH need to pay additional consideration if a court finds
that less than fair value was received. The creation of Caesars
Enterprise Services, LLC largely mitigates concerns over CERP/CGPH
losing access to Total Rewards.

KEY ASSUMPTIONS

CERP

-- Low to mid-single digit total revenue growth through the
    forecast period, driven primarily by strength on the Las Vegas

    Strip, while Atlantic City and Laughlin revenues remain flat.

-- A mid-single digit decline in 2018 for Atlantic City due to
    the competitive impact from New York and Philadelphia new
    openings.

-- Overall EBITDA margins (after corporate expense) hold steady
    between 27 - 28%. Fitch assumes a small margin decline for
    Harrah's Atlantic City from the 2018 competitive openings.

-- Debt paydown follows the amortization schedule of the term
    loan at 1% annually and 50% excess cash flow sweep.

-- $165 million in capex for 2015, dropping to 5% of revenue
    thereafter as maintenance capex focuses on Las Vegas Strip
    hotel renovations.

CGPH

Fitch forecasts total revenue growth to be flat in 2016 as low to
mid-single digit growth in Las Vegas is offset by smoking ban
effects in New Orleans. After 2016 we forecast low single digit
growth in Las Vegas and flat growth in New Orleans.

-- Overall EBITDA margins (after corporate expense but including
    50% of management fees associated with CGPH's assets) remain
    steady around 25%. "We assume a small margin decline for
    Harrah's New Orleans due to the smoking ban."

-- Debt paydown follows the amortization schedule of the term
    loan and Cromwell credit facility, as well as the 50% excess
    cash flow sweep.

-- Capex of $142 million in 2015, falling to $50 million annually

    thereafter for maintenance capex (including Planet Hollywood
    renovation).

Other Ceasars Assumptions

-- CERP and CGPH's access to Total Rewards through Caesars
    Entertainment Services remains uninterrupted throughout CEOC's

    bankruptcy.

-- The CERP and CGPH transactions under investigation are not
    reversed and no additional consideration to be paid is
    incorporated in Fitch's base cases.

RATING SENSITIVITIES

CERP (Fitch forecasts in parentheses)

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

-- A court orders a reversal of the Linq and Octavius Tower
    transfer;

-- Discretionary run-rate FCF declining towards $0 (FY16: $111
    million and FY17: $121 million);

-- CERP's debt/EBITDA exceeding 9x for an extended period of time

    (FY16: 7.6x and FY16: 7.4x).

Positive: No positive rating action is expected over the near-term
given the company's high leverage and the CEOC related risks.
However, positive rating action may result from:

-- CEOC's debt being restructured without having a material
    adverse effect on CERP;

-- Discretionary run-rate FCF sustaining above $100 million
    (FY16: $111 million and FY17: $121 million);

-- Debt/EBITDA declining below 6.5x (FY16: 7.6x and FY17: 7.4x).

CGPH

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

-- A court orders a reversal of the Las Vegas/New Orleans asset
    transactions;

-- Discretionary run-rate FCF declining towards $0 (FY16: $91
    million and FY17: $100 million);

-- CGPH's debt/EBITDA exceeding 9x for an extended period of time

    (FY16: 6.0x and FY16: 5.7x).

Positive: No positive rating action is expected over the near-term
given the CEOC related risks. However, positive rating action may
result from:

-- CEOC's debt being restructured without having a material
    adverse effect on CGPH;

-- Discretionary run-rate FCF sustaining above $100 million
    (FY16: $91 million and FY17: $100 million);

-- Debt/EBITDA declining below 6.5x (FY16: 6.0x and FY17: 5.7x).

CROMWELL RATING CONSIDERATIONS

The Cromwell is unrestricted subsidiary of CGPH and Fitch views The
Cromwell's credit largely on a standalone basis, which is
consistent with its 'B-' IDR. Fitch believes that Cromwell is
becoming more strategically integral to CGPH given its ramp up over
the past year, increasing profitability, prime location on the
Strip, and focus on the millennial-based amenities such as the
Drai's club.

LIQUIDITY

CERP and CGPH both have adequate liquidity and manageable maturity
schedules. Excluding cage cash and inclusive of revolver
availability, total liquidity for CERP is $332 million and $175
million for CGPH. Term loan amortization for both entities is
manageable at 1% per year. Both generate healthy free cash flows.

FULL LIST OF RATING ACTIONS

Caesars Entertainment Corp. (CEC)
-- Long-term IDR affirmed at 'CC'.

Caesars Entertainment Resort Properties, LLC (CERP)
-- IDR affirmed at 'B-'; Outlook Stable;
-- Senior secured first-lien credit facility affirmed at
    'B+/RR2';
-- First-lien notes affirmed at 'B+/RR2';
-- Second-lien notes affirmed at 'CCC/RR6'.

Caesars Growth Properties Holdings, LLC (CGPH)
-- IDR affirmed at 'B-'; Outlook Stable;
-- Senior secured first-lien credit facility affirmed at
   'BB-/RR1';
-- Second-lien notes affirmed at 'B-/RR4'.

Corner Investment PropCo, LLC (The Cromwell)
-- Long-term IDR upgraded to 'B-'from 'CCC'; Outlook Stable
-- Senior secured credit facility upgraded to 'B+/RR2' from
    'B-/RR2'.



CAESARS ENTERTAINMENT: Obtains Forbearance Under Bond RSA
---------------------------------------------------------
Holders of over 33.33% of the claims in respect of 11.25% senior
secured notes due 2017, 8.5% senior secured notes due 2020 and 9%
senior secured notes due 2020, each issued by Caesars Entertainment
Operating Company, Inc., a majority owned subsidiary of Caesars
Entertainment Corporation, agreed to forbear from exercising
certain termination rights under the Fifth Amended and Restated
Restructuring Support and Forbearance Agreement, dated as of Oct.
7, 2015, by and among CEOC, CEC and the Consenting Creditors.  

The Forbearing Creditors have agreed to forbear from exercising
termination rights that would arise from a failure by the Debtors
to file the Backstop Assumption Motion with the Bankruptcy Court by
Dec. 15, 2015.  As a result of this forbearance, the Bond RSA
cannot be terminated by the Consenting Creditors as a result of a
failure by the Debtors to satisfy the Milestone.

                   About Caesars Entertainment

Caesars Entertainment Corp., formerly Harrah's Entertainment Inc.,
is one of the world's largest casino companies.  Caesars casino
resorts operate under the Caesars, Bally's, Flamingo, Grand
Casinos, Hilton and Paris brand names.  The Company has its
corporate headquarters in Las Vegas.  Harrah's announced its
re-branding to Caesar's in mid-November 2010.

In January 2015, Caesars Entertainment and subsidiary Caesars
Entertainment Operating Company, Inc., announced that holders of
more than 60% of claims in respect of CEOC's 11.25% senior secured
notes due 2017, CEOC's 8.5% senior secured notes due 2020 and
CEOC's 9% senior secured notes due 2020 have signed the Amended
and Restated Restructuring Support and Forbearance Agreement,
dated as of Dec. 31, 2014, among Caesars Entertainment, CEOC and
the Consenting Creditors.  As a result, The RSA became effective
pursuant to its terms as of Jan. 9, 2015.

Appaloosa Investment Limited, et al., owed $41 million on account
of 10% second lien notes in the company, filed an involuntary
Chapter 11 bankruptcy petition against CEOC (Bankr. D. Del. Case
No. 15-10047) on Jan. 12, 2015.  The bondholders are represented
by Robert S. Brady, Esq., at Young, Conaway, Stargatt & Taylor
LLP.

CEOC and 172 other affiliates -- operators of 38 gaming and resort
properties in 14 U.S. states and 5 countries -- filed Chapter 11
bankruptcy petitions (Bank. N.D. Ill.  Lead Case No. 15-01145) on
Jan. 15, 2015.  CEOC disclosed total assets of $12.3 billion and
total debt of $19.8 billion as of Sept. 30, 2014.

Delaware Bankruptcy Judge Kevin Gross entered a ruling that the
bankruptcy proceedings will proceed in the U.S. Bankruptcy Court
for the Northern District of Illinois.

Kirkland & Ellis serves as the Debtors' counsel.  AlixPartners is
the Debtors' restructuring advisors.  Prime Clerk LLC acts as the
Debtors' notice and claims agent.  Judge Benjamin Goldgar presides
over the cases.

The U.S. Trustee has appointed seven noteholders to serve in the
Official Committee of Second Priority Noteholders and nine members
to serve in the Official Unsecured Creditors' Committee.

The U.S. Trustee appointed Richard S. Davis as Chapter 11
examiner.

On February 5, 2015, U.S. Trustee Patrick Layng appointed nine
creditors to the Debtors' official committee of unsecured
creditors.  Two of these creditors -- the Board of Levee
Commissioners for the Yazoo Mississippi Delta and MeehanCombs
Global Credit Opportunities Master Fund LP -- resigned from the
committee following their appointment.  They were replaced by the
National Retirement Fund and Relative Value-Long/Short Debt, a
Series of Underlying Funds Trust.


CATABASIS PHARMACEUTICALS: Posts Net Loss, Has Going Concern Doubt
------------------------------------------------------------------
Catabasis Pharmaceuticals, Inc. incurred a net loss and
comprehensive loss of $8,485,000 for the three months ended
September 30, 2015, compared to a net loss and comprehensive loss
of $6,025,000 for the same period in 2014.

"Based on our cash balances, recurring losses, net capital
deficiency and debt outstanding as of December 31, 2014 and our
projected spending in 2015, which raise substantial doubt about our
ability to continue as a going concern, the audit opinion on our
audited financial statements as of and for the year ended December
31, 2014 contains a going concern explanatory paragraph,"
Ian C. Sanderson, chief financial officer and treasurer of the
company, disclosed in a regulatory filing with the U.S. Securities
and Exchange Commission on November 12, 2015.

Mr. Sanderson noted, "Given our planned expenditures for the next
several years, including, without limitation, expenditures in
connection with our clinical trials of CAT-1004 and CAT-2054, our
independent registered public accounting firm may conclude, in
connection with the audit of our financial statements for fiscal
year 2015 or any other subsequent period, that there is substantial
doubt regarding our ability to continue as a going concern.

"If we are unable to continue as a going concern, we might have to
liquidate our assets and the values we receive for our assets in
liquidation or dissolution could be significantly lower than the
values reflected in our financial statements.  Additionally,
amounts due under our credit facility may become immediately due
and payable upon the occurrence of a material adverse change, as
defined under the loan agreement.  

"In addition, the inclusion of a going concern explanatory
paragraph by our auditors, our lack of cash resources and our
potential inability to continue as a going concern may materially
adversely affect our share price and our ability to raise new
capital or to enter into critical contractual relations with third
parties."

At September 30, 2015, the company had total assets of $73,657,000,
total liabilities of $14,113,000, and total stockholders' equity of
$59,544,000.

A full-text copy of the company's quarterly report is available for
free at: http://tinyurl.com/zubzjod

Catabasis Pharmaceuticals, Inc. is a clinical-stage
biopharmaceutical company focused on the discovery, development and
commercialization of novel therapeutics based on its SMART linker
technology platform.  The company is headquartered in Cambridge,
Massachusetts.



COLT DEFENSE: Wins Confirmation of Ch. 11 Exit Plan
---------------------------------------------------
Peg Brickley, writing for Dow Jones' Daily Bankruptcy Review,
reported that gun maker Colt Defense LLC won confirmation of its
chapter 11 plan, the end point of a contentious bankruptcy case.

According to the DBR report, most objections were swept aside in
deals in advance of the hearing in the U.S. Bankruptcy Court in
Wilmington, Del., where Judge Laurie Selber Silverstein granted
approval to the workout plan.

A court filing related that on Dec. 16, 2015, the Bankruptcy Court
held a hearing to consider confirmation of the Plan.  At the
Confirmation Hearing, the Bankruptcy Court heard and considered (i)
the Debtors' presentation and evidence submitted by the Debtors in
support of confirmation of the Plan and (ii) oral argument on the
extant portions of the U.S. Trustee's objection to confirmation of
the Plan.  The Bankruptcy Court overruled the extant portions of
the U.S. Trustee and confirmed the Plan, subject to the submission
of revisions to the Original Confirmation Order.

                       About Colt Holding

Colt Defense LLC is one of the world's oldest and most iconic
designers, developers, and manufacturers of firearms for military,
law enforcement, personal defense, and recreational purposes and
was founded over 175 years ago by Samuel Colt, who patented the
first commercial successful revolving cylinder firearm in 1836 and
began supplying U.S. and international military customers with
firearms in 1847.  Colt is incorporated in Delaware and
headquartered in West Hartford, Connecticut.

In 1992, Colt Manufacturing Company, then the principal operating
subsidiary, filed chapter 11 petitions (Bankr. D. Conn.).  An
investment by Zilkha & Co. allowed CMC to confirm a chapter 11 plan
and emerge from Bankruptcy in 1994.

Sometime after 1994, majority ownership of the Company Transitioned
from Zilkha & Co. to Sciens Capital Management.

Colt Holding Company LLC and nine affiliates, including Colt
Defense LLC, on June 14, 2015, filed voluntary petitions (Bankr. D.
Del. Lead Case No. 15-11296) for relief under Chapter 11 of the
Bankruptcy Code to pursue a sale of the assets as a going concern.

Colt Defense estimated $100 million to $500 million in assets and
debt.

On June 16, 2015, the Court directed the joined administration of
the assets.

The Debtors tapped Richards, Layton & Finger, P.A., and O'Melveny &
Myers LLP, as attorneys, and Kurtzman Carson Consultants LLC as
claims and noticing agent.  Perella Weinberg Partners L.P. is
acting as financial advisor of the Company, and Mackinac Partners
LLC is acting as its restructuring advisor.

Wilmington Savings Fund Society, FSB, as agent under the $13.3
million Term DIP Loan Agreement, is represented by Pryor Cashman
LLP's Eric M. Hellige, Esq.; and Willkie Farr & Gallagher LLP's
Leonard Klingbaum, Esq.  

Cortland Capital Market Services LLC, as agent under the $6.67
million Senior DIP Credit Agreement, is represented by Holland &
Knight LLP's Joshua M. Spencer, Esq.; Stroock & Stroock & Lavan
LLP's Brett Lawrence, Esq.; and Osler, Hoskin & Harcourt LLP's
Richard Borins, Esq., and Tracy Sandler, Esq.

The U.S. Trustee for Region 3 appointed five creditors of Colt
Defense Inc. and its affiliates to serve on the official committee
of unsecured creditors.  MagPul Industries Corp. has resigned from
the committee leaving only four Committee members.

Sciens Capital is represented by Skadden, Arps, Slate, Meagher &
Flom LLP's Anthony W. Clark, Esq., and Jason M. Liberi, Esq.


COMDISCO HOLDING: Reports $18,042,000 Net Assets in Liquidation
---------------------------------------------------------------
Comdisco Holding Company, Inc. on Dec. 9 reported financial results
for its fiscal year ended September 30, 2015. Comdisco emerged from
Chapter 11 bankruptcy proceedings on August 12, 2002. Under
Comdisco's First Amended Joint Plan of Reorganization, Comdisco was
charged with, and has been, liquidating its assets.  While there
have been no changes either to the Plan, or Comdisco's obligations
under it, Comdisco adopted ASU 2013-07, Liquidation Basis of
Accounting as of October 1, 2014 and accordingly, determined that
liquidation was imminent.  Therefore, effective October 1, 2014,
Comdisco applied the liquidation basis of accounting on a
prospective basis.  The reporting discloses Comdisco's estimate of
the value of the net assets available in liquidation for the common
stockholders.  The liquidation basis of accounting requires the
Company to estimate net cash flows from operations and to accrue
all costs associated with implementing and completing the plan of
liquidation and requires management to make estimates that affect
the amounts reported in the consolidated financial statements and
the related notes.

As of the fiscal year ended September 30, 2015, there was
approximately $36,720,000 in total assets, and approximately
$18,678,000 in total liabilities resulting in net assets in
liquidation of approximately $18,042,000.  The net assets in
liquidation as of the fiscal year ended September 30, 2015 would
result in the projected future liquidating distribution of
approximately $4.48 per common share, based on 4,028,951 shares of
common stock outstanding on September 30, 2015.  This estimate of
the projected future liquidating distribution includes projections
of costs and expenses to be incurred during the time period
estimated to complete the plan of liquidation.  There is inherent
uncertainty with these estimates, and they could change materially
based on the timing of the completion of all the steps necessary
for the liquidation. Actual results could differ from these
estimates and may affect net assets in liquidation and actual cash
flows.

During the period of October 1, 2014 through September 30, 2015,
the Company's estimated net assets in liquidation decreased by
$10,116,000.  The reasons for the decrease in net assets were a
result of a $9,450,000 liquidating distribution to common
stockholders paid during the fiscal year, increased accrued
estimated disposal costs of liquidation of $420,000 and an increase
of $370,000 in Supplemental CDR Liability due to Anticipated
Litigation Trust Distribution.

As a result of bankruptcy restructuring transactions, the adoption
of fresh-start reporting, multiple asset sales, and the adoption of
liquidation basis of accounting, Comdisco's financial results are
not comparable to those of its predecessor company, Comdisco, Inc.


                       About Comdisco

Comdisco emerged from Chapter 11 bankruptcy proceedings on August
12, 2002.  The purpose of reorganized Comdisco is to sell, collect
or otherwise reduce to money in an orderly manner the remaining
assets of the corporation.  Pursuant to the Plan and restrictions
contained in its certificate of incorporation, Comdisco is
specifically prohibited from engaging in any business activities
inconsistent with its limited business purpose.  Accordingly, it is
anticipated that Comdisco will have reduced all of its assets to
cash and made distributions of all available cash to holders of its
common stock and contingent distribution rights in the manner and
priorities set forth in the Plan and is projecting December 31,
2016 as the end date for its wind down of operations.  However, the
projected remaining wind down period could be shortened or
lengthened by other intervening matters not currently known to
management.  The company filed on August 12, 2004 a Certificate of
Dissolution with the Secretary of State of the State of Delaware to
formally extinguish Comdisco Holding Company, Inc.'s corporate
existence with the State of Delaware except for the purpose of
completing the wind down contemplated by the Plan.  Under the Plan,
Comdisco was charged with, and has been, liquidating its assets.
While there have been no changes either to the Plan, or Comdisco's
obligations under it, Comdisco adopted ASU 2013-07, Liquidation
Basis of Accounting as of October 1, 2014 and accordingly,
determined that liquidation was imminent.  Therefore, effective
October 1, 2014, Comdisco applied the liquidation basis of
accounting on a prospective basis, and, as such, the results of
operations under liquidation basis of accounting are not comparable
to the historical results under a going concern basis.


COMMUNITY PAPERS: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Community Papers of Western New York, LLC
          dba Hamburg Sun
          dba West Seneca Sun
          dba Orchard Park Sun
          dba Town of Tonawanda Sun
          dba WNY Advertiser
          dba Gowanda News
          dba WNY Wired
          dba North Cheektowaga Sun
          dba Amherst Getzville Sun
          dba Depew Sun
          dba Arcade Pennysaver
          dba WNY Web Sites
          dba Springville Journal Sun
          dba Clarence Sun
          dba Blasdell Pennysaver
          dba South Buffalo Sun
          dba Hamburg Pennysaver
          dba Lancaster Sun
          dba Kenmore Sun
          dba Union Advertising Group
          dba Eggertsville/Snyder Sun
          dba North Tonawanda Sun
          fdba Niagara Falls Courier
          dba Reliable Mailing Service
          dba Williamsville Sun
          dba WNY Fashion & Lifestyle
          dba South Cheektowaga Sun
          dba North Buffalo Sun
          dba Lockport Star
          dba Cuba/Franklinville Pennysaver
          dba WNY Health Magazine
          dba WNY Kids
          dba City of Tonawanda Sun
        Post Office Box 191
        Angola, NY 14006

Case No.: 15-12657

Chapter 11 Petition Date: December 15, 2015

Court: United States Bankruptcy Court
       Western District of New York (Buffalo)

Debtor's Counsel: Daniel F. Brown, Esq.
                  ANDREOZZI, BLUESTEIN, WEBER, BROWN, LLP
                  333 International Drive, Suite B-4
                  Williamsville, NY 14221
                  Tel: 716-633-3200
                  Fax: 716-633-0301
                  Email: dfb@abfmwb.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by James C. Austin, CEO.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/nywb15-12657.pdf


CORMEDIX INC: Liquidity Risks May Raise Going Concern Doubt
-----------------------------------------------------------
CorMedix Inc. noted funding requirements and liquidity risks that
would likely have a material adverse effect on its business and
raise substantial doubt about its ability to continue as a going
concern, Randy Milby, chief executive officer of the company,
stated in a regulatory filing with the U.S. Securities and Exchange
Commission on November 12, 2015.

Mr. Milby related: "Our total cash on hand and short-term
investments as of September 30, 2015 was approximately $37,852,000
excluding restricted cash of approximately $172,000, compared to
approximately $4,340,000 at December 31, 2014.  Because our
business has not currently generated positive operating cash flow,
we will need to raise additional capital before we exhaust our
current cash resources in order to continue to fund our research
and development activities and our business development activities,
as well as to fund operations generally.  

"Our continued operations and completion of our planned Phase 3
clinical trial for Neutrolin in hemodialysis patients in the U.S.
will depend on whether we are able to raise additional funds
through various potential sources, such as equity, debt financings,
strategic relationships, out-licensing or distribution arrangements
of our products and our ability to generate substantial revenue
from sales of Neutrolin.  

"We also plan to conduct an oncology/total parenteral nutrition
patient Phase 3 clinical trial in the U.S. for which additional
funds over and above the funds needed for the hemodialysis Phase 3
clinical trial will be required to complete that study.  However,
we can provide no assurances that financing or strategic
relationships will be available on acceptable terms, or at all, or
that we will achieve substantial levels of revenue from sales of
Neutrolin.

"We expect to continue to fund operations from cash on hand and
through either capital raising sources as previously described,
which may be dilutive to existing stockholders, or through
generating revenues from the licensing of our products or strategic
alliances.  

"We currently have approximately $12 million available under our
at-the market program however, we may seek to sell additional
equity or debt securities, obtain a bank credit facility, or enter
into a corporate collaboration or licensing arrangement, but can
provide no assurances that such financing will be available on
acceptable terms, or at all.  Moreover, the incurrence of
indebtedness in connection with a debt financing would result in
increased fixed obligations and could also result in covenants that
would restrict our operations.  

"Raising additional funds through collaboration or licensing
arrangements with third parties may require us to relinquish
valuable rights to our technologies, future revenue streams,
research programs or product candidates, or to grant licenses on
terms that may not be favorable to us or our stockholders. Our
actual cash requirements may vary materially from those now
planned, however, because of a number of factors including any
change in the focus and direction of our research and development
programs, any acquisition or pursuit of development of new product
candidates, competitive and technical advances, costs of
commercializing any of our product candidates, and costs of filing,
prosecuting, defending and enforcing any patent claims and any
other intellectual property rights.

"While we expect to grow product sales, we do not anticipate that
we will generate significant product sales revenue in the
foreseeable future.  In the absence of such revenue, we would
experience continuing operating cash flow deficits.  We expect to
incur increases in our cash used in operations as we continue to
commercialize Neutrolin in Europe and other foreign markets,
increase our business development activities, incur additional
legal costs to defend our intellectual property and seek FDA
approval of Neutrolin in the U.S.

"Based on our cash resources at September 30, 2015, our
expectations for Neutrolin assumptions in the currently approved
markets and the planned initiation of the Phase 3 clinical trial in
hemodialysis catheters in the U.S. in the fourth quarter of 2015,
we believe that our existing cash will be sufficient to fund our
operations for at least the next 12 months following the balance
sheet date.  We will need additional financing thereafter.

"With additional funding planned to be raised over and above the
hemodialysis clinical trial, we plan to initiate an oncology/total
parenteral nutrition clinical trial in the U.S. in mid-2016.  If we
are unable to raise additional funds when needed, we may not be
able to complete our planned Phase 3 clinical trials or market our
products and we could be required to delay, scale back or eliminate
some or all of our research and development programs.  

"Each of these alternatives would likely have a material adverse
effect on our business and raise substantial doubt about our
ability to continue as a going concern."

The company incurred a net loss of $4,688,476 for the three months
ended September 30, 2015, compared to a net loss of $5,035,117 for
the quarter ended September 30, 2014.

At September 30, 2015, the company had total assets of $39,306,582,
total liabilities of $2,914,985, and total stockholders' equity of
$36,391,597.

A full-text copy of the company's quarterly report is available for
free at: http://tinyurl.com/jm6uuk6

CorMedix Inc. is a commercial pharmaceutical and medical device
company.  The Bedminster, New Jersey-based company seeks to
in-license, develop, and commercialize prophylactic and therapeutic
products for the prevention and treatment of infectious diseases in
cardiac, renal and oncology patients.



CUBIC ENERGY: Anchorage Advisors, et al., Report 49% Stake
----------------------------------------------------------
Anchorage Advisors Management, L.L.C., Anchorage Capital Group,
L.L.C., Kevin M. Ulrich, et al., disclosed that as of Dec. 10,
2015, they beneficially own 74,811,987 shares of common stock of
Cubic Energy, Inc., representing 49.12 percent of the shares
outstanding.

In connection with the Chapter 11 cases, certain affiliates of the
reporting persons, who are holders of the Notes, Warrants and/or
Series C Voting Preferred Stock, entered into a Plan Support
Agreement with the Cubic Parties and certain other parties.  The
PSA, which is subject to Bankruptcy Court approval and other
conditions provides for the implementation of a restructuring
involving the Cubic Parties on the terms set forth in the joint
prepackaged plan of reorganization of the Cubic Parties.

A copy of the regulatory filing is available for free at:

                    http://is.gd/F4FEga

                     About Cubic Energy

Texas-based Cubic Energy, Inc., Cubic Asset Holding, LLC, Cubic
Asset, LLC, Cubic Louisiana Holding, LLC and Cubic Louisiana, LLC
filed Chapter 11 bankruptcy petitions (Bankr. D. Del. Proposed Lead
Case No. 15-12500) on Dec. 11, 2015.  Jon R. Ross signed the
petition as executive vice president and corporate secretary.
Cubic Energy disclosed total assets of $120.7 million and total
debts of $114.2 million, both as of March 31, 2015.

The Debtors have engaged Bayard P.A., as Delaware counsel,  Holland
& Knight LLP as restructuring counsel, Houlihan Lokey Capital, Inc.
as financial advisor and Prime Clerk LLC as noticing, balloting and
claims agent.

The Debtors are independent energy companies engaged in the
development and production of, and exploration for, crude oil,
natural gas and natural gas liquids.  The Debtors' oil and gas
assets are located in Texas and Louisiana.


DEB STORES: Seeks Until March 30 to File Ch. 11 Plan
----------------------------------------------------
Deb Stores Holding LLC, et al., files a third motion asking the
U.S. Bankruptcy Court for the District of Delaware to further
extend the period by which they have exclusive right to file a plan
of reorganization and obtain acceptances of the plan of
reorganization by a period of 120 days through and including March
30, 2016, and through and including May 25, 2016.

The Debtors seek an extension of the Exclusivity Periods to have
additional time in order to maximize the value of their estates.
The Debtors assert that the extension is reasonable and appropriate
under the circumstances and should be granted as being in the best
interests of the Debtors' estates and creditors.

The Debtors are represented by:

          Laura Davis Jones, Esq.
          David M. Bertenthal, Esq.
          Joshua M. Fried, Esq.
          Peter J. Keane, Esq.
          PACHULSKI STANG ZIEHL & JONES LLP
          919 North Market Street, 17th Floor
          P.O. Box 8705
          Wilmington, DE 19899-8705
          Telephone: 3 02/652-4100
          Facsimile: 302/652-4400
          Email: Ijones@pszj law.com
                 dbertenthal@pszj law. com
                 jfried@pszj law.com
                 pkeane@pszjlaw.com

                    About Deb Stores

Headquartered in Philadelphia, Pennsylvania, Deb Stores is a
mall-based retailer in the juniors "fast-fashion" specialty sector
that operates under the name "DEB" and offers moderately priced,
fashionable, coordinated women's sportswear, dresses, coats,
lingerie, accessories and shoes for junior and plus sizes.  The
company, founded by Philip Rounick and Emma Weiner, opened its
first store under the name JOY Hosiery in Philadelphia,
Pennsylvania in 1932.  As of Sept. 30, 2014, the Company operated
a total of 295 retail store locations (primarily in the East and
Midwest, especially Pennsylvania, Ohio and Michigan) as well as an
e-commerce channel.

On June 26, 2011, Deb Stores' predecessors -- DSI Holdings Inc.
and its subsidiaries -- sought Chapter 11 protection (Bankr. D.
Del. Lead Case No. 11-11941) and closed the sale of the assets
three months later to Ableco Finance, LLC, the agent for the first
lien lenders.

Deb Stores Holding LLC and eight affiliated companies commenced
Chapter 11 bankruptcy cases in Delaware on Dec. 4, 2014.  The
Debtors sought to have their cases jointly administered, with
pleadings maintained on the case docket for Deb Stores Holding
(Case No. 14-12676).  The cases are assigned to Judge Mary F.
Walrath.

Carl D. Neff at Delaware Bankruptcy Litigation reported that by
order dated Dec. 5, 2014, the Debtors' Chapter 11 cases were
consolidated for procedural purposes only and therefore are being
jointly administered pursuant to Bankruptcy Rule 1015(b).

Laura Davis Jones, Esq., Colin R. Robinson, Esq., at and Peter J.
Keane, Esq., at Pachulski Stang Ziehl & Jones LLP, in Wilmington,
Delaware, serve as counsel to the Debtors.  Epiq Bankruptcy
Solutions, LLC, is the claims and noticing agent.

As of Dec. 31, 2014, the Debtors' most recent audited consolidated
financial statements reflected assets totaling $90.5 million and
liabilities totaling $120.1 million.

The Official Committee of Unsecured Creditors tapped Cooley LLP as
its lead counsel; Drinker Biddle & Reath LLP as its co-counsel;
and Zolfo Cooper, LLC as its bankruptcy consultants and financial
advisors.


EASTERN UNIVERSITY: S&P Lowers Rating on 2012 Revenue Bonds to BB+
------------------------------------------------------------------
Standard & Poor's Ratings Services lowered its long-term rating on
Delaware County Authority, Pa.'s series 2012 revenue bonds, issued
for Eastern University, to 'BB+' from 'BBB-'.  The outlook is
stable.

"The downgrade reflects our view of Eastern University's multiyear
trend of declining enrollment that has negatively affected
operating results in recent years," said Standard & Poor's credit
analyst Luke Gildner.

Eastern University's total headcount has declined about 6% for
three consecutive years.  This comes after a 4.5% decline in fall
2012.  Although the university has made appropriate budgetary cuts
in response to recent enrollment decreases, its ability to
stabilize its enrollment picture is critical to its long-term
financial future given its high reliance on student-generated
charges (accounting for over 90% adjusted operating revenues).  S&P
also views Eastern University's balance sheet as slim and in line
with the lower rating.

The stable outlook reflects S&P's view that Eastern University will
continue to implement necessary budget cuts to offset pressures to
operational revenues.  S&P expects operations will continue to
produce balanced results, at least on a cash basis.  S&P also
anticipates financial resources will remain at current levels or
grow modestly.  S&P could consider lowering the rating if the
university enrollment declines further and leads to operating
losses on a cash basis.  A significant debt issuance or declines in
the university's financial resource ratios would also be viewed
negatively.

S&P believes a positive rating action is unlikely during the
two-year outlook period, however, S&P would view positively
stabilization in the university's enrollment profile as well as a
return to break even operating performance on a full accrual basis.


Eastern University, founded as a Baptist theological seminary in
1925, is a coeducational, interdenominational, comprehensive
Christian university.  In 1952, the board of trustees organized
Eastern Baptist College as a separate entity.  By 2001, the college
was granted university status; it changed its name to Eastern
University.  In 2004, the university reunited with the seminary.



ENCLAVE AT BOYNTON: BI Boca Wants Chapter 11 Case Dismissed
-----------------------------------------------------------
BI Boca Boynton Portfolio, LLC, secured creditor of Enclave at
Boynton Waters Properties LLC, asks the U.S. Bankruptcy Court for
the Southern District of Florida to dismiss the Debtor's Chapter 11
case as a bad faith filing or, in the alternative, for immediate
stay relief to re-set its post-judgment foreclosure sale.

According to BI Boca, the Debtor filed for Chapter 11 relief on
Sept. 8, 2015, before the scheduled foreclosure sale of the
Debtor's real property in the case styled BI Boca Boynton
Portfolio, LLC vs. Hillsboro Mile Properties, LLC et al., Case No.
CACE 15-002102, pending before the Seventeenth Judicial Circuit in
and for Broward County, Florida.

The Debtor's Chapter 11 case has all the tell-tale signs of a
classic bad faith filing, BI Boca pointed out.

BI Boca said the Debtor is a single purpose real estate entity
whose only asset is certain real property consisting of vacant lots
located on Esprit Way, Captiva Circle, Boynton Beach, Florida, as
more particularly described including legal description in the
Debtor's Schedule A.  Further, the Debtor has little unsecured debt
relative to its secured debt, is not generating any income from the
real and personal property subject to foreclosure, has no employees
or operating business, and apparently has no cash from which to pay
any expenses, including property taxes2 and insurance, BI Boca
noted.

BI Boca's indebtedness arises from its amended final judgment of
foreclosure in the principal amount of $38,047,369 entered on July
29, 2015 against the Debtor and the other borrowers, and the Final
Order Granting BI Boca’s Motion To Tax Attorney's Fees And Costs
And Supplementing Amended Final Judgment Of Foreclosure With
Attorney's Fees And Costs also entered on July 29, 2015, which
awarded BI Boca an additional $155,305 in attorneys' fees and
costs.  The combined amount of the indebtedness arising from the
final judgment and the fee order is $38,202,675, and has been
accruing interest at the statutory rate of 4.75% since July 29,
2015, carrying a per diem interest rate of $4,971, BI Boca added.

According to court documents, BI Boca is the largest and only
secured creditor of the Debtor's estate at over $38 million, with
the Debtor advising in its Schedule "A" that the Enclave Boynton
Property has a value in the range of only $2.2 million to $5.5
million.  As such, it is undisputed that BI Boca is woefully
under-secured in this estate.  To the extent the Debtor is provided
more time in this Court to continue its 18-month search for takeout
financing or a private sale, stay relief should be granted
immediately for BI Boca to re-set its foreclosure sale, which could
be canceled only upon the parties' agreement or a further
bankruptcy court order in conjunction with a Section 363 sale and a
plan of reorganization which provide for the prompt satisfaction in
full of BI Boca's claim.

The Debtor opposed BI Boca's request to dismiss its bankruptcy case
because BI Boca's is not entitled to stay relief.

The Debtor said BI Boca incorrectly asserts that it is entitled to
stay relief for cause under Section 362(d)(1) because the petition
was filed in bad faith, and under Section 362(d)(2) because the
Debtor does not have any equity in the property and such property
is not necessary for an effective reorganization.  The Debtor
argued it filed bankruptcy for legitimate motives, and did not file
the bankruptcy in bad faith.  Further, it believes that there is
equity in its real property on a consolidated basis, BI Boca is
adequately protected on a consolidated basis, and such property is
necessary for an effective reorganization, the Debtor asserted.

BI Boca retained as counsel:

   David L. Rosendorf, Esq.
   Corali Lopez-Castro, Esq.
   David L. Rosendorf, Esq.
   KOZYAK TROPIN & THROCKMORTON LLP
   2525 Ponce De Leon, 9th Floor
   Miami, FL 33134
   Tel: (305) 372-1800
   Fax: (305) 372-3508
   E-mail: clc@kttlaw.com
           dlr@kttlaw.com

                    About Enclave at Boynton

Enclave at Boynton Waters Properties, LLC, et al., filed Chapter 11
bankruptcy petitions (Bankr. S.D. Fla. Case Nos. 15-26141,
15-26143, 15-26148, 15-26152, 15-26155, 15-26156, 15-26162 and
15-26165) on Sept. 8, 2015.  The petitions were signed by John B.
Kennelly as manager.  Erik P. Kimball is assigned to the
first-filed case (15-26141).

On Oct. 7, 2015, the Court ordered that the Debtor's cases will be
jointly administered under Lead Case No. 15-26155.

The Debtors own various parcels of real property that constitute
the collateral of the same secured lender, BI Boca Boynton
Portfolio, LLC.


ENDEAVOUR OPERATING: Marcellus Assets Sold for $100K to LPN Energy
------------------------------------------------------------------
Endeavour Operating Corporation and its affiliated debtors sought
and obtained from Judge Kevin J. Carey of the U.S. Bankruptcy Court
for the District of Delaware, approval for the sale of the
Marcellus Assets to LPN Energy, LLC, free and clear of all liens,
claims, encumbrances and other interests.

The Marcellus Assets consist of the Debtors' oil and gas assets
located in the Marcellus shale formations.

The Asset Purchase Agreement contains, among others, these terms:

   (a) Assets: The Marcellus Assets include, among other things,
certain oil and gas interests, wells, equipment, hydrocarbons,
surface rights, information, data, contracts, permits, payment
rights, and intangible rights.

   (b) Consideration: The Buyer will pay or deliver in accordance
with the Asset Purchase Agreement $100,000 payable in cash and
assume all Assumed Liabilities.

   (c) Sale Free and Clear of Unexpired Liens: The Buyer will
purchase the Marcellus Assets free and clear of all liens, claims,
encumbrances, and other interests to the extent permitted under
Sections 363 and 365 of the Bankruptcy Code.

   (d) Assumption and Assignment: The Debtors seek to assume and
assign to the Buyer certain of the Debtors' remaining executory
contracts and unexpired leases ("365 Contracts"), related to the
Marcellus Assets, which the Debtors and the Buyer believe may be
assumed and assigned in connection with the sale.

The Debtors contended that the terms memorialized in the Asset
Purchase Agreement constitute the highest and otherwise best offer
for the Marcellus Assets.  The Debtors further contended that they
do not believe that further marketing or conducting a further
auction with respect to such assets would procure a higher or
better offer. The Debtors related that they intend to sell the
Marcellus Assets without conducting an auction.

Judge Carey held that the approval of the Asset Purchase Agreement
and the consummation of the Sale is in the best interests of the
Debtors, the estates, creditors, and other parties in interest.  He
further held that the Debtors have demonstrated good, sufficient
and sound business purposes and justifications for the sale to the
Buyer pursuant to Section 363(b) of the Bankruptcy Code.

Judge Carey held that a private sale to the Buyer represents the
highest and otherwise best offer that the Debtors will receive for
the Marcellus Assets in light of the absence of bids at the Auction
for the assets and the necessity of dismissing the chapter 11 cases
as quickly as possible.

                       Objections to Motion

Lessors Steven M. Bradshaw and Donna Lee McConaghay filed an
objection, contending that the Debtors' Motion identified, among
others, (a) an Oil and Gas Lease between James R. Jones and Donna
Lee McConaghy and Allegheny Enterprises, Inc. ("Allegheny Lease");
(b) an Oil and Gas Lease between Steven M. Bradshaw and Donna Lee
McConaghay and Endeavour Operating Corporation ("Endeavor Lease");
and (c) a Settlement Agreement between Steven M. Bradshaw and Donna
Lee McConaghay and Endeavour Operating Corporation ("Endeavor
Settlement").  The Lessors further contended that the Allegheny
Lease could not be transferred to the Buyer as the contract was
between two non-debtor parties.  The Lessors likewise asserted that
the Endeavour Settlement could not be an excluded contract because
the terms of the Endeavour Lease expressly makes the said Lease
subject to the terms and conditions of the Endeavour Settlement and
that the Buyer must comply with those terms and conditions
following its receipt of assignment of the Endeavour Lease,
notwithstanding the inclusion or exclusion of the Endeavour
Settlement from the Purchased Contracs List.

Judge Carey ordered that the Allegheny Lease and the Endeavour
Lease will not be assigned or sold to the Buyer

Endeavour Operating Corporation is represented by:

          Mark D. Collins, Esq.
          Zachary I. Shapiro, Esq.
          Rachel L. Biblo, Esq.
          RICHARDS, LAYTON & FINGER, P.A.
          One Rodney Square
          920 North King Street
          Wilmington, Delaware 19801
          Telephone: (302)651-7700
          Facsimile: (302)651-7701
          E-mail: collins@rlf.com
                  shapiro@rlf.com
                  biblo@rlf.com

                 - and -

          Gary T. Holtzer, Esq.
          Stephen A. Youngman, Esq.
          WEIL, GOTSHAL & MANGES LLP
          767 Fifth Avenue
          New York, NY 10153
          Telephone: (212)310-8000
          Facsimile: (212)310-8007
          E-mail: gary.holtzer@weil.com
                  stephen.youngman@weil.com

Steven M. Bradshaw and Donna Lee McConaghay are represented by:

          Jeremy W. Ryan, Esq.
          R. Stephen McNeill, Esq.
          POTTER ANDERSON & CORROON LLP
          1313 North Market Street, Sixth Floor
          Wilmington, DE 19899-0951
          Telephone: (302)984-6000
          Facsimile: (302)658-1192
          E-mail: jryan@potteranderson.com
                  rmcneill@potteranderson.com

                 - and -

          Mark G. Claypool, Esq.
          KNOX MCLAUGHLIN GORNALL &
          SENNETT, P.C.
          Mark G. Claypool, Esq.
          120 West Tenth Street
          Erie, PA 16501-1461
          Telephone: (814)923-4838
          Facsimile: (814)453-4530
          E-mail: mclaypool@kmgslaw.com

             About Endeavour Operating Corporation

Houston, Texas-based Endeavour International Corporation (OTC:
ENDRQ) (LSE: ENDV) is an oil and gas exploration and production
company focused on the acquisition, exploration and development of
energy reserves in the North Sea and the United States.

On Oct. 10, 2014, Endeavour International and five affiliates
filed
voluntary petitions for relief under Chapter 11 of the United
States Bankruptcy Code after reaching a restructuring deal with
noteholders.  The cases are pending joint administration under
Endeavour Operating Corp.'s Case No. 14-12308 before the Honorable
Kevin J. Carey (Bankr. D. Del.).

As of June 30, 2014, the Company had US$1.55 billion in total
assets, US$1.55 billion in total liabilities, US$43.7 million in
series c convertible preferred stock, and a US$41.5 million
stockholders' deficit.

Endeavour Operating Corporation, in its schedules, disclosed
US$808,358,297 in assets and US$1,242,480,297 in liabilities as of
the Chapter 11 filing.

The Debtors have tapped Weil, Gotshal & Manges LLP as counsel;
Richards, Layton & Finger, P.A., as co-counsel; The Blackstone
Group L.P., as financial advisor; AlixPartners, LLP, as
restructuring advisor; and Kurtzman Carson Consultants LLC, as
claims and noticing agent.

The U.S. Trustee for Region 3 has appointed three members to the
Official Committee of Unsecured Creditors in the Chapter 11 cases
of Endeavour Operating Corporation and its debtor affiliates. The
Committee is represented by David M. Bennett, Esq., Cassandra
Sepanik Shoemaker, Esq., and Demetra L. Liggins, Esq., at Thompson
& Knight LLP, and Neil B. Glassm an, Esq., Scott D. Cousins, Esq.,
and Evan T. Miller, Esq., at Bayard, P.A.  Alvarez & Marsal North
America, LLC, serves as financial advisors to the Committee, while
UpShot Services LLC serves as website administrator.


ENERGY FUTURE: Hires Greenberg Traurig as Special Counsel
---------------------------------------------------------
Energy Future Holdings Corp. and its debtor-affiliates seek
authorization from the U.S. Bankruptcy Court for the District of
Delaware to employ Greenberg Traurig, LLP as special counsel for
certain energy-related transactional matters, nunc pro tunc to
November 2, 2015.

In addition to providing counsel with respect to energy-related
transactional matters, as modified by the Order approving this
Application, the Debtors request that Greenberg represent the
Debtors in connection with the Energy Services.

Iskender H. Catto will be principally responsible for services
provided to the Debtors.

Mr. Catto's current billing rate is $875.00 per hour.

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

Mr. Catto, shareholder of Greenberg Traurig, assured the Court that
the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtors and their estates.

Greenberg Traurug can be reached at:

      Iskender H. Catto, Esq.
      GREENBERG TRAURIG, LLP
      MetLife Building
      200 Park Avenue
      New York, NY 10166
      Tel: (212) 801-6865
      Fax: (212) 801-6400
      E-mail: cattoi@gtlaw.com

                        About Energy Future

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

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

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

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

The Debtors' cases have been assigned to Judge Christopher S.
Sontchi (CSS).  The Debtors are seeking to have their cases
Jointly administered for procedural purposes.

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

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

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

Wilmington Savings Fund Society, FSB, the successor trustee for
the second-lien noteholders owed about $1.6 billion, is represented
by Ashby & Geddes, P.A.'s William P. Bowden, Esq., and Gregory A.
Taylor, Esq., and Brown Rudnick LLP's Edward S. Weisfelner, Esq.,
Jeffrey L. Jonas, Esq., Andrew P. Strehle, Esq., Jeremy B. Coffey,
Esq., and Howard L. Siegel, Esq.

An Official Committee of Unsecured Creditors has been appointed in
the case.  The Committee represents the interests of the unsecured
creditors of ONLY of Energy Future Competitive Holdings Company
LLC; EFCH's direct subsidiary, Texas Competitive Electric Holdings
Company LLC; and EFH Corporate Services Company, and of no other
debtors.  The Committee has selected Morrison & Foerster LLP and
Polsinelli PC for representation in this high-profile energy
restructuring.  The lawyers working on the case are James M. Peck,
Esq., Brett H. Miller, Esq., and Lorenzo Marinuzzi, Esq., at
Morrison & Foerster LLP; and Christopher A. Ward, Esq., Justin K.
Edelson, Esq., Shanti M. Katona, Esq., and Edward Fox, Esq., at
Polsinelli PC.


ESTERLINA VINEYARDS: Court OKs IPFS Premium Finance Agreement
-------------------------------------------------------------
Esterlina Vineyards & Winery LLC sought and obtained from Judge
Thomas E. Carlson of the U.S. Bankruptcy Court for the Northern
District of California, Santa Rosa Division, authorization to enter
into an Insurance Premium Finance Agreement with IPFS Corporation
of California.

The Debtor related that it must maintain various insurance policies
in the ordinary course of its business and as a requirement of its
lenders.  The Debtor further related that it has  liability and
other insurance through Allied World Assurance (US) Inc. It
contended that the annual premium is $22,242 for policies from
August 1, 2015 through July 31, 2016.  The Debtor told the Court
that it traditionally finances its premium through IPFS Corporation
with a cash down-payment and payments over nine months.  The Debtor
further told the Court that the current premium is $22,242 with a
down payment of $2,337 and nine monthly payments of $2,279 each.
The Debtor asserted that it does not wish to, nor will the Bank of
the West, a lender with an interest in the Debtors' cash
collateral, consent to the payment of the entire annual premium.

The Premium Finance Agreement contains, among others, these terms:

     (a) Annual Percentage Rate: 7.280%

     (b) Finance Charge: $608.67

     (c) Amount Financed: $19,905.30

     (d) Total of Payments: $20,513.97

     (e) Number of Payments: 9

     (f) Amount of Payments: $2,279.33

     (g) Payments Are Due Beginning: September 1, 2015

Judge Carlson granted IPFS a security interest in all unearned or
return premiums and dividends that might become payable to the
Debtor. He also granted IPFS a lien and security interest in loss
payments which reduce unearned premiums subject only to any
mortgagee or senior lien payee.

Esterlina Vineyards & Winery is represented by:

          Douglas B. Provencher, Esq.
          PROVENCHER & FLATT LLP
          823 Sonoma Avenue
          Santa Rosa, CA 95404-4714
          Telephone: (707)284-2380
          Facsimile: (707)284-2387
          E-mail: dbp@provlaw.com

               About Esterlina Vineyards & Winery

Esterlina Vineyards & Winery, LLC, owns and operates a winery.  The
winery grows its own grapes, processes grapes, bottles and sells
wine.

Esterlina Vineyards sought Chapter 11 protection (Bankr. N.D. Cal.
Case No. 15-10841) on Aug. 12, 2015, to stop a foreclosure sale
slated the day before the filing.  Eric Sterling, the president,
signed the petition.  

The Debtor disclosed total assets of $12,759,291 and total
liabilities of $8,288,420.  The primary secured creditor is Bank of
the West.

The Law Offices of Provencher & Flatt LLP serves as the Debtor's
counsel.  The case is assigned to Judge Thomas E. Carlson.


ESTERLINA VINEYARDS: Obtains Approval to Sell Bulk Wine
-------------------------------------------------------
Based on an agreement between debtor Esterlina Vineyards & Winery,
LLC, and creditor Bank of the West, Judge Thomas E. Carlson entered
an order authorizing the Debtor to proceed to sell its bulk wine so
long as the Debtor provides prior notice of any sale to the Bank,
and the Bank consents to any sale.  The order was entered Dec. 10,
2015.

               About Esterlina Vineyards & Winery

Esterlina Vineyards & Winery, LLC, owns and operates a winery.  The
winery grows its own grapes, processes grapes, bottles and sells
wine.

Esterlina Vineyards sought Chapter 11 protection (Bankr. N.D. Cal.
Case No. 15-10841) on Aug. 12, 2015, to stop a foreclosure sale
slated the day before the filing.  Eric Sterling, the president,
signed the petition.  

The Debtor disclosed total assets of $12,759,291 and total
liabilities of $8,288,420.  The primary secured creditor is Bank of
the West.

The Law Offices of Provencher & Flatt LLP serves as the Debtor's
counsel.  The case is assigned to Judge Thomas E. Carlson.



ESTERLINA VINEYARDS: Seeks Court Approval to Use Cash Collateral
----------------------------------------------------------------
Esterlina Vineyards & Winery, LLC, filed an emergency motion asking
the U.S. Bankruptcy Court for the Northern District of California
for authority to use cash collateral notwithstanding that the
lender has withdrawn consent.

Bank of the West, the Debtor's primary secured creditor, asserts a
security interest in the Debtor's real property and the Debtor's
personal property, including its wine inventory.

On Sept. 15, 2015, the Debtor and Bank of the West stipulated to
the use of cash collateral.  The stipulation was approved by a
docket order the same day.  The Bank approved the payment of
various expenses in September and October.

On Dec. 1, 2015, the Bank ceased approving the Debtor's use of any
cash collateral even for expenses incurred in November.  

"The Bank appears to want to end the Debtor's operations.   The
Bank's refusal to allow the Debtor to pay any bills is not
consistent with the spirit or letter of Chapter 11," Douglas B.
Provencher, Esq., at Provencher & Flatt LLP tells the Court.

The Debtor requests, pending a further hearing, that the Court
authorize the payment of certain "emergency" expenses by the
Debtor.  The items that need to be paid that were incurred before
Dec. 1, 2015, when the Bank said it would not approve any more use
of cash collateral are:

      Coastal Products                          $1,525
      Alpine Springs Distributing Co.              $99
      Alcoholic Beverages Control Commission      $150
      Brelje & Race Laboratories                   $74
      ETS Laboratories                            $272
      Golden State Overnight                      $187
      Garrett Hardware                             $17
      Kaiser                                    $5,149
      Massachusetts Department of Revenue         $158
      MCI                                         $186
      Matheson Tri-Gas, Inc.                      $181
      Nexternal                                    $50
      Oregon Liquor Control Commission             $50
      UPS                                       $1,380
      Zo Office Supply                              $9
      Thomas K. Rackerby, CPA                   $3,500
      Amerigas                                    $675
      Employers Preferred Ins. Co.              $1,137
      Fitch Mountain Packaging                     $65
      Golden State Overnight                      $663
      Matheson Tri-Gas, Inc.                      $234
      P. G. & E.                                   $64
      UPS                                       $1,413
      Virginia Dept. of Alcohol                    $95
      Payroll for non-insiders                 $13,946
                                               -------
                                               $21,794

The Debtor's attorneys:

          Douglas B. Provencher, Esq.
          PROVENCHER & FLATT LLP
          823 Sonoma Avenue
          Santa Rosa, CA 95404-4714
          Tel: (707) 284-2380
          Fax: (707) 284-2387

               About Esterlina Vineyards & Winery

Esterlina Vineyards & Winery, LLC, owns and operates a winery.  The
winery grows its own grapes, processes grapes, bottles and sells
wine.

Esterlina Vineyards sought Chapter 11 protection (Bankr. N.D. Cal.
Case No. 15-10841) on Aug. 12, 2015, to stop a foreclosure sale
slated the day before the filing.  Eric Sterling, the president,
signed the petition.  

The Debtor disclosed total assets of $12,759,291 and total
liabilities of $8,288,420.  The primary secured creditor is Bank of
the West.

The Law Offices of Provencher & Flatt LLP serves as the Debtor's
counsel.  The case is assigned to Judge Thomas E. Carlson.



F-SQUARED INVESTMENT: Seeks April 4 Extension of Removal Deadline
-----------------------------------------------------------------
F-Squared Investment Management, LLC, and its affiliated debtors
ask the U.S. Bankruptcy Court for the District of Delaware to
extend the deadline by which they may remove civil actions from
Jan. 4, 2016 through and including April 4, 2016.

The Debtors relate that are party to various civil actions and are
in the process of assessing the relevant information to make
informed decisions and to determine whether removal of any claim is
warranted. The Debtors further relate that they had devoted their
energy to soliciting higher and better offers, finalizing numerous
transition documents, and the sale of substantially all of their
assets to Broadmeadow Capital, LLC. The Debtors note that the Court
entered an order approving the sale on August 25, 2015, and the
sale closed on September 8, 2015. The Debtors tell the Court that
following the Closing Date, their primary task has been to
formulate and file a plan of liquidation, resolve disputed claims,
and negotiate with constituencies. The Debtors further tell the
Court that have also begun formulating and filing objections to
certain claims.  

The Debtors contend that they have yet to finish their analysis as
to whether any pending actions should be removed. The Debtors
further contend that they require an extension of the January 4,
2016 Removal Deadline to provide them with additional time to
consider whether to remove any of their pending civil actions. They
add that extending the Removal Deadline through and including April
4, 2016, will provide the Debtors with adequate time to evaluate
any pending litigation matters properly within the larger context
of the Chapter 11 Cases. The Debtors submit that extending the
Removal Deadline will not unduly prejudice any counterparty to such
civil actions because the cases were stayed by the automatic stay.

The Debtors' Motion is scheduled for hearing on December 21, 2015
at 10:30 a.m.

F-Squared Investment Management is represented by:

          Russel C. Silberglied, Esq.
          Zachary I. Shapiro, Esq.
          Amanda R. Steele, Esq.
          RICHARDS, LAYTON & FINGER, P.A.
          920 N. King Street
          Wilmington, DE 19801
          Telephone: (302)651-7700
          Facsimile: (302)651-7701
          E-mail: silberglied@rlf.com
                  shapiro@rlf.com
                  steele@rlf.com

              About F-Squared Investment Management

Headquartered in Wellesley, MA, F-Squared Investments, Inc. --
http://www.f-squaredinvestments.com-- is a privately owned
investment manager.  The firm primarily provides its services to
other investment advisers.  It also caters to individuals, high net
worth individuals, and pension and profit sharing plans.  The firm
provides index management services.  It manages separate
client-focused equity, fixed income, and multi-asset portfolios.
The firm invests in the public equity, fixed income, and
alternative investment markets across the globe.  It makes all its
investments through exchange-traded funds.  The firm invests in
small-cap stocks of companies across diversified sectors.

F-Squared Investment Management, LLC and eight of its affiliates
filed Chapter 11 bankruptcy petitions (Bankr. D. Del. Lead Case
No. 15-11469) on July 8, 2015.  The petition was signed by Laura
Dagan as president and chief executive officer.  The cases are
assigned to Laurie Selber Silverstein.

Richards, Layton & Finger, P.A. serves as the Debtors' counsel.
Gennari Aronson, LLP represents the Debtors as special corporate
counsel.  Grail Advisory Partners LLC (d/b/a PL Advisors) and
Managed Account Services, LLC act as the Debtors' financial
advisors and investment bankers.  Stillwater Advisory Group LLC is
the Debtors' crisis managers and restructuring advisors.  BMC
Group, Inc. acts as the Debtors' claims and noticing agent.


GARLOCK SEALING: Asbestos Claimants Reject 2nd Amended Plan
-----------------------------------------------------------
Catherine Nownes-Whitaker, at Rust Consulting/Omni Bankruptcy, has
provided a tabulation of the ballots submitted in connection with
Garlock Sealing Technologies LLC, et al.'s Second Amended Plan of
Reorganization.

With respect to Class 3 - Settled GST Asbestos Claims, 96.65% (202)
in number, and 96.75% in dollar amount ($5,223,490) rejected the
Plan.  As to Class 4 - Current GST Asbestos Claims, 99.10% in
number (128,498), and 97.06% in dollar amount ($85,269,992)
rejected the Plan.  

As to Class 5 - Future GST Asbestos Claims, one claimant voted to
accept the Plan, while none voted to reject the Plan.  As to Class
6 - Prepetition Judgment GST Asbestos Claims one claimant
($675,000) voted to reject the Plan while none voted to accept the
Plan.  

As to Class 7 - General Unsecured Claims, 100% in number (4) and
100% in dollar amount ($30,856) voted to accept the Plan.  

As to Class 10 - GST Equity Interest, one equity holder accepted
the Plan, while none voted to reject the Plan.

As to Class 11 - GST Equity Interests, one voted to accept the
Plan, while none rejected the Plan.

Pursuant to the Plan, Holders of Claims or Interests in Classes 3,
4, 5, 6, 7, 10, and 11 were solicited.

Rust Omni was authorized to assist the Debtors in connection with,
inter alia, soliciting, receiving, and tabulating Ballots with
respect to the Plan.

                        The Chapter 11 Plan

The Debtors' Second Amended Plan of Reorganization, dated January
14, 2015, as revised and updated on April 13, 2015, is the result
of a settlement agreement between the Future Claimants'
Representative ("FCR"), the Debtors, and the Debtors' parent
company.  The Plan proposes to use $357.5 million to pay, in full,
all pending and future asbestos claims against Garlock and
Garrison.  If necessary, up to $132 million in additional funding
will be provided.  If the Plan is approved, individuals will no
longer be able to file claims directly against the Debtors or
affiliated companies.  If individuals have claims only against
Anchor, they are not expected to recover anything, as that company
has no assets and will be dissolved.

                       About Garlock Sealing

Headquartered in Palmyra, New York, Garlock Sealing Technologies
LLC is a unit of EnPro Industries, Inc. (NYSE: NPO).  For more
than
a century, Garlock has been helping customers efficiently seal the
toughest process fluids in the most demanding applications.

On June 5, 2010, Garlock filed a voluntary Chapter 11 petition
(Bankr. W.D.N.C. Case No. 10-31607) in Charlotte, North Carolina,
to establish a trust to resolve all current and future asbestos
claims against Garlock under Section 524(g) of the U.S. Bankruptcy
Code.  The Debtor estimated $500 million to $1 billion in assets
and up to $500 million in debts as of the Petition Date.

Affiliates The Anchor Packing Company and Garrison Litigation
Management Group, Ltd., also filed for bankruptcy.

Albert F. Durham, Esq., at Rayburn Cooper & Durham, P.A.,
represents the Debtor in their Chapter 11 effort.  Garland S.
Cassada, Esq., at Robinson Bradshaw & Hinson, serves as counsel
for
asbestos matters.

The Official Committee of Asbestos Personal Injury Claimants in
the
Chapter 11 cases is represented by Travis W. Moon, Esq., at
Hamilton Moon Stephens Steele & Martin, PLLC, in Charlotte, NC,
Elihu Inselbuch, Esq., at Caplin & Drysdale, Chartered, in New
York, and Trevor W. Swett III, Esq., Leslie M. Kelleher, Esq., and
Jeanna Rickards Koski, Esq., in Washington, D.C. 20005.

Joseph W. Grier, III, the Court-appointed legal representative for
future asbestos claimants, has retained A. Cotten Wright, Esq., at
Grier Furr & Crisp, PA, and Richard H. Wyron, Esq., and Jonathan
P.
Guy, Esq., at Orrick, Herrington & Sutcliffe LLP, as his
co-counsel.

Judge George Hodges of the U.S. Bankruptcy Court for the Western
District of North Carolina on Jan. 10, 2014, entered an order
estimating the liability for present and future mesothelioma
claims
against Garlock Sealing at $125 million, consistent with the
positions GST put forth at trial.

In January 2015, the Debtors filed their Second Amended Plan of
Reorganization, which is backed by the Future Asbestos Claimants'
Representative (FCR).  The confirmation hearing is slated to begin
June 20, 2016.

Under the schedule for confirmation proceedings ordered by the
Court, objections to confirmation of the Plan that do not depend
on
the results of voting were due Oct. 6, 2015, and confirmation
objections that depend on such results are due on Dec. 18, 2015.


GARLOCK SEALING: Revision of Criteria for Class 4 Voting Opposed
----------------------------------------------------------------
The Official Committee of Asbestos Personal Injury Claimants is
asking the United States Bankruptcy Court for the Western District
of North Carolina to deny a motion filed by Garlock Sealing
Technologies LLC, et al., for relief from the Court's prior order
that determined the criteria for temporary allowance of Class 4
asbestos claims for voting purposes.

"Class 4 has overwhelmingly rejected the Debtors' Second Amended
Plan.  Faced with this result, the Debtors have returned to their
now familiar accusations of plaintiff wrongdoing and attempt, yet
again, to turn this bankruptcy into a forum in which thousands of
current asbestos claims would effectively be litigated.  The Court
should decline this suggestion, proceed to decide the confirmation
issues presented by dispositive motions and hear the confirmation
objections, should that be necessary.  The Debtors' proposal to
litigate away the Class 4 vote leads nowhere," Trevor W. Swett,
Esq., at Caplin & Drysdale, Chartered, tells the Court.

"For more than half a decade, the Debtors have harbored aspirations
to have this Bankruptcy Court sort through asbestos claims and
decide which ones were worthy and which were not. In mid-2010, just
months after the bankruptcy was filed, the Debtors filed a motion
for a bar date which would have required the same type of evidence
asked for here.  In their first motion for these solicitation
procedures, filed in June 2014, the Debtors sought this information
again.  In each case, this Court has declined the Debtors'
invitation to participate in a winnowing of claims on the Debtors'
terms."

"In their 2014 motion for solicitation and voting procedures, the
Debtors proposed a form of Class 4 ballot that would have required
affidavits, deposition or trial testimony, or other sworn
statements in support of each claimant's certification on the
ballot that the injured party "had exposure to asbestos from a
Garlock product that such [claimant] contends contributed to
causing the Injured Party's asbestos-related disease."  This Court
denied the Debtors' request to require claimants to attach such
exposure documentation to their ballots.  The Debtors have also
recently subpoenaed medical and exposure data relating to these
very claimants from the Manville Trust, in addition to the medical
and exposure information for thousands of other nonmesothelioma
claimants.  They have attempted twice to obtain discovery of
medical and exposure documents from groups of thousands of voting
claims.  They are using this data to file challenges to the
temporary allowance of thousands of claims based on factual
challenges."

"The Motion contemplates an expansion of the project.  The Debtors
would have every voting claimant provide extensive documentation of
his or her medical diagnosis and exposure to Garlock asbestos
products.  The Debtors would then file omnibus objections to these
voted claims.  The voting process would presumably then evolve into
factual challenges to tens of thousands of the more than 125,000
claims voted.  Meanwhile, no remotely realistic disqualification of
votes could affect the outcome of the Class 4 vote.  The Court
should resist this latest, pointless attempt to turn the vote into
a one-sided process in which Debtors attack the factual merits of
disputed, unliquidated tort claims."

A full-text copy of the Committee's response to the Debtors' motion
is available for free at:

    
http://bankrupt.com/misc/Garlock_5123_Resp_A_Comm_C4_Criteria_M.pd
f

Counsel for the Official Committee of Asbestos Personal Injury
Claimants:

         CAPLIN & DRYSDALE, CHARTERED
         Trevor W. Swett III
         James P. Wehner
         One Thomas Circle, N.W.
         Washington, DC 20005
         Telephone: (202) 862-5000
         E-mail: tswett@capdale.com
                 jwehner@capdale.com

                 - and -

         Elihu Inselbuch
         600 Lexington Avenue, 21st Floor
         New York, NY 10022
         Telephone: (212) 379-0005
         E-mail: einselbuch@capdale.com

                 - and -

         MOON WRIGHT & HOUSTON, PLLC
         Travis W. Moon
         227 West Trade Street, Suite 1800
         Charlotte, NC 28202
         Telephone: (704) 944-6560
         E-mail: tmoon@mwhattorneys.com)

                        The Debtors' Motion

The TCR reported Dec. 2, 2015, on the Debtors' motion for relief
from the Court's prior order that determined the criteria for
temporary allowance of Class 4 asbestos claims for voting
purposes.

In the Order Approving Disclosure Statement and Establishing
Asbestos Claims Bar Date and Procedures for Solicitation, the Court
determined that to be temporarily allowed for voting purposes,
Class 4 claims must meet minimal criteria showing they have
potential merit against Garlock.  The claim must not be settled and
paid, dismissed with prejudice, or known to be time-barred; the
claimant must have had exposure to asbestos released from Garlock
gaskets or packing; and the claimant must have a diagnosis of
pleural or peritoneal mesothelioma, lung cancer, laryngeal cancer,
or asbestosis.  To ensure that the voted claims had these
characteristics, the Court required certifications under penalty of
perjury, to the best of attorneys' (or claimants') knowledge,
information, and reasonable belief. The Court, however, rejected
Debtors' request that claimants be required to provide documents
evidencing their exposure to asbestos from Garlock gaskets or
packing.

Unfortunately, Garland S. Cassada, Esq., at Robinson Bradshaw &
Hinson, P.A., explains it is now clear that the certifications the
Court required were not sufficient to ensure that only claims
meeting the temporary allowance criteria were voted.  In fact, tens
of thousands of voted claims do not meet those criteria.

First, tens of thousands of voting claims were settled and paid
before the bankruptcy petition, were the subject of final judgments
prepetition, were dismissed, or are clearly time-barred. These
claims do not meet the voting criteria, have no potential merit,
and should not have been voted in these cases.  Moreover, it is
also clear that many claims were voted despite not having any
evidence of exposure to asbestos from Garlock gaskets. Thousands of
claimants voted whose claims were dismissed before the petition, as
well as hundreds of mesothelioma claimants who could not identify
any evidence of Garlock exposure in response to the questionnaire
ordered by the Court.

Finally, thousands of claimants voted who likely do not have a
diagnosis of disease. The vote was dominated by more than 100,000
claimants whose attorneys certified they have diagnoses of
asbestosis, yet thousands of those claimants were recruited through
mass screenings, creating inherent suspicion as to whether they
actually have a diagnosis.

At the end of the day, approximately 92% of the 81,039 Class 4
ballots where Debtors have information other than the ballot --
over 74,000 ballots -- do not meet or are unlikely to meet the
criteria for temporary allowance.  As a result, the Class 4 vote is
not useful to this Court for any purpose.  It cannot tell the Court
how many claims in fact meet the temporary allowance criteria.  It
does not tell the Court whether Class 4 rejected the Plan.  And it
certainly does not bear the weight the Official Committee of
Asbestos Personal Injury Claimants (the "Committee") assigns to it,
as showing a vast number of colorable Garlock claims that will
reject the Settlement Option under the Plan, swamp this Court, and
create a risk that claims will not be paid in full.  To the
contrary, the balloting is dominated by claims that do not meet
even the minimal criteria the Court established to permit Class 4
claimants to vote.  In sum, the plaintiffs' bar has orchestrated a
campaign to stuff the ballot box with meritless claims in an
attempt to derail confirmation of the Plan.

If the Class 4 vote is going to mean anything in these cases -- if
it is going to be used to find that Class 4 has rejected the Plan,
placing the burden on Debtors to demonstrate fairness and equity
--
then Debtors are entitled to a vote with integrity.  The vote that
has occurred has none.

The only way to ensure it is to require minimal documentation
before Class 4 claims will be temporarily allowed for voting
purposes.  Claimants should be required to identify their date of
diagnosis and the first date they filed a tort suit or a Trust
claim, to permit the parties and Court to determine whether their
claims are time-barred.  Claimants should be required to produce
specific evidence of contact with Garlock's asbestos-containing
gaskets or packing to confirm their certifications of Garlock
exposure.  Claimants alleging asbestosis should be required to
produce the diagnosis upon which they rely and the name of the
diagnosing physician, so that the Court and parties can know
whether they have a real diagnosis at all, or only one from a
source that has been thoroughly discredited.  Without these steps,
neither the Court nor the parties will know how many of the Class
4
claims have any conceivable merit, such that they should be
counted
as votes in these cases.

For all these reasons, the Debtors request modification of the
Solicitation Order.  Specifically, the Debtors request that as a
condition for temporary allowance, claimants be required to
provide
the following information:

   a. The date of diagnosis for the disease claimed in the
      ballot;

   b. The date the claimant first filed a lawsuit against any
      defendant or a claim against any Trust based on the
      disease claimed in the ballot;

   c. Documents sufficient to demonstrate (a) the location where
      the Injured Party experienced GST Asbestos Exposure, (b)
      the Injured Party's occupation and industry when he or
      she experienced such GST Asbestos Exposure, and (c)
      identification of the kind of Garlock asbestos-containing
      product  with which the Injured Party had contact; and

   d. For asbestosis claimants, the diagnosis upon which they
      rely to make the certification of disease and the name of
      the diagnosing physician.

                       About Garlock Sealing

Headquartered in Palmyra, New York, Garlock Sealing Technologies
LLC is a unit of EnPro Industries, Inc. (NYSE: NPO).  For more
than
a century, Garlock has been helping customers efficiently seal the
toughest process fluids in the most demanding applications.

On June 5, 2010, Garlock filed a voluntary Chapter 11 petition
(Bankr. W.D.N.C. Case No. 10-31607) in Charlotte, North Carolina,
to establish a trust to resolve all current and future asbestos
claims against Garlock under Section 524(g) of the U.S. Bankruptcy
Code.  The Debtor estimated $500 million to $1 billion in assets
and up to $500 million in debts as of the Petition Date.

Affiliates The Anchor Packing Company and Garrison Litigation
Management Group, Ltd., also filed for bankruptcy.

Albert F. Durham, Esq., at Rayburn Cooper & Durham, P.A.,
represents the Debtor in their Chapter 11 effort.  Garland S.
Cassada, Esq., at Robinson Bradshaw & Hinson, serves as counsel
For asbestos matters.

The Official Committee of Asbestos Personal Injury Claimants in
the
Chapter 11 cases is represented by Travis W. Moon, Esq., at
Hamilton Moon Stephens Steele & Martin, PLLC, in Charlotte, NC,
Elihu Inselbuch, Esq., at Caplin & Drysdale, Chartered, in New
York, and Trevor W. Swett III, Esq., Leslie M. Kelleher, Esq., and
Jeanna Rickards Koski, Esq., in Washington, D.C. 20005.

Joseph W. Grier, III, the Court-appointed legal representative for
future asbestos claimants, has retained A. Cotten Wright, Esq., at
Grier Furr & Crisp, PA, and Richard H. Wyron, Esq., and Jonathan
P.
Guy, Esq., at Orrick, Herrington & Sutcliffe LLP, as his
co-counsel.

Judge George Hodges of the U.S. Bankruptcy Court for the Western
District of North Carolina on Jan. 10, 2014, entered an order
estimating the liability for present and future mesothelioma
claims
against Garlock Sealing at $125 million, consistent with the
positions GST put forth at trial.

In January 2015, the Debtors filed their Second Amended Plan of
Reorganization, which is backed by the Future Asbestos Claimants'
Representative (FCR).  The confirmation hearing is slated to begin
June 20, 2016.

Under the schedule for confirmation proceedings ordered by the
Court, objections to confirmation of the Plan that do not depend
on
the results of voting were due Oct. 6, 2015, and confirmation
objections that depend on such results are due on Dec. 18, 2015.


GLOBAL MARITIME: Creditors' Panel Taps Faegre Baker as Counsel
--------------------------------------------------------------
The Official Committee of Unsecured Creditors of GMI USA Management
Inc. and its debtor-affiliates, seeks authorization from the Hon.
Stuart M. Bernstein of the U.S. Bankruptcy Court for the Southern
District of New York to retain Faegre Baker Daniels LLP as counsel
to the Committee, effective October 21, 2015.

The Committee requires Faegre Baker to:

   (a) render advice to the Committee with respect to its powers
       and duties in the Bankruptcy Cases;

   (b) assist the Committee in its investigation of the acts,
       conduct, assets, liabilities and financial condition of the

       Debtors, the operation of the Debtors' business and any
       other matter relevant to the Bankruptcy Cases;

   (c) participate in negotiations with the Debtors and other
       parties-in-interest with respect to the administration of
       the Debtors' bankruptcy estate, plan of reorganization and
       disclosure statement, and otherwise protect and promote the

       interests of the general unsecured creditors of the    
       Debtors;

   (d) prepare all necessary applications, motions, responses to
       motions, answers, reports and papers on behalf of the
       Committee, and appear on behalf of the Committee at court
       hearings as necessary and appropriate in connection with
       these Bankruptcy Cases;

   (e) render advice and perform general legal services in
       connection with the foregoing; and

   (f) perform all other necessary legal services as directed by
       the Committee consistent with its duties under section 1103

       of the Bankruptcy Code.

Faegre Baker will be paid at these hourly rates:

       Jay Jaffe, Partner              $580
       Colin Dougherty, Associate      $405
       Kayla Britton, Associate        $345
       William Brunnquell, Associate   $280
       Susan Carlson, Paralegal        $260
       Partners                        $375-$845
       Associates                      $200-$495
       Paralegals                      $125-$310

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

Jay Jaffe, partner of Faegre Baker, assured the Court that the firm
is a "disinterested person" as the term is defined in Section
101(14) of the Bankruptcy Code and does not represent any interest
adverse to the Debtors and their estates.

Faegre Baker can be reached at:

       Jay Jaffe, Esq.
       FAEGRE BAKER DANIELS LLP
       600 E. 96th Street, Suite 600
       Indianapolis, IN 46240
       Tel: (317) 569-4687
       Fax: (317) 237-8587
       E-mail: Jay.Jaffe@FaegreBD.com

                    About GMI USA Management

GMI USA Management, Inc., Global Maritime Investments Cyprus
Limited, Global Maritime Investments Holdings Cyprus Limited,
Global Maritime Investments Resources (Singapore) Pte. Limited and
Global Maritime Investments Vessel Holdings Pte Ltd filed Chapter
11 bankruptcy petitions (Bankr. S.D.N.Y. Case Nos. 15-12552 to
15-12556) on Sept. 15, 2015.

The Debtors are engaged in three segments of the dry bulk shipping
markets, utilizing Freight Forward Agreements, physical "trading"
or supplying of ships for hire, and management of a dry bulk
shipping pool on behalf of ships owned directly or indirectly by
the Debtors, as well as for third party owners.

Debtor GMI USA Management is a recently formed New York
corporation.  All of the other Debtors are foreign corporations
based in either Singapore or Cyrus.

Global Maritime Investments Holdings Cyprus Limited is a holding
company that owns 100% of the outstanding shares of each of (i)
Debtor GMI USA Management, Inc., (ii) Debtor Cyprus Tradeco, (iii)
Debtor Vessel Holdings and (iv) non-Debtor GMI Panamax Pool
Limited.

The Debtors estimated assets in the range of $1 million to $10
million and liabilities of at least $100 million.

The Debtors tapped Gardere Wynne Sewell, LLP, as counsel, and AMA
Capital Parnters as financial advisor.



HOMEJOY LLC: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: Homejoy (assignment for the benefit of creditors) LLC
        1100 La Avenida Street, Suite A
        Mountain View, CA 94043

Case No.: 15-53931

Chapter 11 Petition Date: December 15, 2015

Court: United States Bankruptcy Court
       Northern District of California (San Jose)

Judge: Hon. Elaine E. Hammond

Debtor's Counsel: Ron Bender, Esq.
                  LEVENE, NEALE, BENDER, YOO & BRILL L.L.P
                  10250 Constellation Blvd. #1700
                  Los Angeles, CA 90067
                  Tel: (310) 551-1010
                  Email: rb@lnbyb.com

                    - and -
  
                  John-Patrick M. Fritz, Esq.
                  LEVENE, NEALE, BENDER YOO & BRILL L.L.P
                  10250 Constellation Blvd #1700
                  Los Angeles, CA 90067
                  Tel: (310) 229-1234
                  Email: JPF@LNBYB.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Tim J. Cox, responsible individual.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/canb15-53931.pdf


JARDEN CORP: Moody's Puts Ba3 CFR Under Review for Upgrade
----------------------------------------------------------
Moody's Investors Service placed the Ba3 Corporate Family Rating
and Ba3-PD Probability of Default rating of Jarden Corporation
under review for upgrade following an announcement that the company
has signed a definitive agreement to be acquired by Newell
Rubbermaid ("Newell" - Baa3 stable).  Moody's also placed Jarden's
instrument ratings, including its Ba1 senior secured ratings, its
Ba3 senior unsecured ratings, and its B1 senior subordinated
ratings under review for upgrade.

These ratings are placed under review for upgrade:

  Corporate Family Rating at Ba3;
  Probability of Default Rating at Ba3-PD;
  Senior secured rating at Ba1;
  Senior unsecured rating at Ba3;
  Senior subordinated rating at B1;

This rating is unchanged:

  Speculative Grade Liquidity rating at SGL-1

RATINGS RATIONALE

The review follows Newell's announcement that it has agreed to
acquire Jarden for about $20 billion.

The review for upgrade reflects Moody's expectation that the
acquisition by Newell will improve Jarden's credit profile, as the
debt will be repaid or assumed by Newell  Jarden will become a
wholly-owned subsidiary of Newell at close of the transaction which
is expected during the first half of 2016.

The transaction is subject to both of the companies' shareholder
approvals and other customary closing conditions.  The acquisition
will be funded with a combination of equity and debt.  The review
will focus on the likely closing of the transaction.

Jarden manufactures, markets and distributes a broad line of
branded consumer products and operates in three primary business
segments through a number of well recognized products.  Brands
include Sunbeam, Mr. Coffee, Yankee Candle and Rawlings, among
others.

Newell Rubbermaid is a global marketer of consumer and commercial
products utilized in the home, office and commercial segments.
Brands include Rubbermaid, Sharpie and Dymo, as well as baby and
youth products sold under the Graco brand.  Pro forma revenue
including Jarden are approximately $16 billion.



JW RESOURCES: Taps Coulter & Justus as Accountants
--------------------------------------------------
JW Resources, Inc., et al., seek authorization from the U.S.
Bankruptcy Court for the Eastern District of Kentucky to employ
Coulter & Justus, P.C. as accountants, nunc pro tunc to August 24,
2015.

The Debtors have requested that Coulter & Justus provide certain
tax accounting services for the Debtors, which shall include the
following:

  -- preparation of the Debtors' 2014 corporate Federal Income Tax

     Return and respective required state income tax returns;

  -- Preparation of the Debtors’ 2014 Tennessee Franchise &
Excise
     Tax Returns

The Debtors propose to compensate Coulter & Justus by paying a
total of $30,000.

Coulter & Justus will also be reimbursed for reasonable
out-of-pocket expenses incurred.

As of the Petition Date, Coulter has an unsecured prepetition claim
against the Debtors’ estates in the amount of $38,300. As set
forth in the Parton Declaration, Coulter has agreed to waive any
prepetition claim it has against the Debtor.

Michael S. Parton, principal of Coulter & Justus, assured the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtors and their estates.

Coulter & Justus can be reached at:

       Michael S. Parton
       COULTER & JUSTUS, P.C.
       9717 Cogdill Rd, Suite 201
       Knoxville, TN 37932
       Tel: (865) 637-4161
       Fax: (865) 524-2952
       E-mail: mparton@cj-pc.com

                         About JW Resources

JW Resources Inc. and its subsidiaries are U.S. producers of
thermal coal with mineral reserves, mining operations and coal
properties located in the Central Appalachian ("CAPP") regions
of  Kentucky. JW acquired the thermal coal mining operations of
Xinergy in eastern Kentucky for $47.2 million in February 2013.
JW's business operations comprise what is known as the "Straight
Creek" operations located in Bell, Leslie and Harlan Counties,
Kentucky, and the "Red Bird" operations located in Bell, Leslie,
Knox, and Clay Counties, Kentucky.  JW Resources is the parent and
sole shareholder of SCRB Properties, Inc., Straight Creek Coal
Mining, Inc. and SCRB Processing, Inc.

JW Resources and its subsidiaries sought Chapter 11 bankruptcy
protection (Bankr. E.D. Ky. Lead Case No. 15-60831) in London,
Kentucky on June 30, 2015.

The Debtors tapped Frost Brown Todd LLC as counsel, and Energy
Ventures Analysis, Inc., as sale advisor.  

JW Resources estimated $1 million to $10 million in assets and
$50 million to $100 million in debt.  Straight Creek estimated
$10 million to $50 million in assets and $50 million to $100
million in debt.



MAGNUM HUNTER: Files Chapter 11 With Prearranged Plan
-----------------------------------------------------
Magnum Hunter Resources Corporation and certain of its wholly-owned
subsidiaries on Dec. 15 disclosed that they have filed voluntary
petitions for relief under chapter 11 of the United States
Bankruptcy Code in the United States Bankruptcy Court for the
District of Delaware to facilitate the restructuring of their
consolidated balance sheet through a prearranged restructuring
plan.  The Company also announced its entry into a restructuring
support agreement with lenders that hold, in the aggregate,
approximately 75% in principal amount of the Company's funded debt
claims.  Specifically, the parties to the restructuring support
agreement hold substantially all of the Company's first lien debt,
approximately 66.5% in principal amount of the Company's second
lien debt, and approximately 79% in principal amount of the
Company's senior unsecured notes.  The restructuring support
agreement contemplates the debt-to-equity conversion of (i)
substantially all of the Company's prepetition funded indebtedness
and (ii) 100% of the Company's contemplated postpetition
debtor-in-possession financing (described below), resulting in a
significantly deleveraged balance sheet upon the Company's
anticipated emergence from the chapter 11 bankruptcy process in
April 2016.  In addition, the restructuring support agreement
contemplates a significant cash recovery to vendors and trade
claimants.

Notably, the restructuring support agreement provides for
debtor-in-possession ("DIP") financing in the form of a $200
million senior secured multi-draw term loan that will be
backstopped by lenders who are parties to the restructuring support
agreement -- further evidencing the lenders' overwhelming support
for the Company's chapter 11 process.  The Company anticipates that
the DIP financing will provide sufficient liquidity to stabilize
the Company's operations and satisfy key vendor, employee, and
other key stakeholder commitments for the duration of the
restructuring process, and, as noted, the DIP financing is expected
to be converted to equity on the Company's exit from the chapter 11
process.  The restructuring support agreement represents a
significant achievement for the Company in the face of historic
commodity price declines in both oil and natural gas and an
increasingly depressed operating environment.

Gary C. Evans, Chairman and Chief Executive Officer of Magnum
Hunter, said: "With the unified support of our various lenders, we
anticipate this restructuring will be a success and unprecedented
in our industry.  I believe this restructuring will position Magnum
Hunter as a market leader in the upstream sector with an ideal
capital structure to capitalize on the large number of
opportunities anticipated in our industry due to the precipitous
commodity cycle downturn affecting the industry as a whole."

Mr. Evans continued: "At a very challenging time for the entire
energy industry, when many of our competitors have been forced to
either file for bankruptcy without a plan to emerge in place or
continue to attempt to restructure with creditors without an 'end
game,' our global restructuring accomplishment is definitely an
outlier.  We expect the entire process to be efficient, cost
effective, and quick.  We also anticipate emerging from bankruptcy
financially stronger than ever before."

Like many other exploration and production companies, Magnum
Hunter's operations have been significantly impacted by the recent
and continued dramatic decline in both oil and natural gas prices,
as well as natural gas liquids prices, and general uncertainty in
the overall energy markets.  These macro-economic factors, coupled
with Magnum Hunter's substantial debt obligations, resulted in the
Company's decision to explore all strategic restructuring
alternatives to reduce its overall debt and achieve a sustainable
reconstituted capital structure.  Magnum Hunter believes that its
in-court financial restructuring as contemplated by the terms of
the restructuring support agreement will position the Company for
long-term success and ultimate profitability.  Magnum Hunter also
owns an approximately 45% equity ownership interest in Eureka
Hunter Holdings, LLC. Eureka Hunter Holdings, LLC and its
subsidiaries are not part of the Company's chapter 11 bankruptcy
proceedings.

PJT Partners LP is serving as financial advisor to Magnum Hunter,
Kirkland & Ellis LLP is serving as legal counsel, and Alvarez &
Marsal North America, LLC is serving as restructuring advisor.
Weil, Gotshal & Manges LLP and Houlihan Lokey are serving as legal
counsel and financial advisors, respectively, to an ad hoc group of
holders of the Company's first lien debt and second lien debt, in
their capacity as prepetition lenders and postpetition DIP lenders.
Akin Gump Strauss Hauer & Feld LLP and Centerview Partners are
serving as legal counsel and financial advisors, respectively, to
an ad hoc group of holders of the Company's first lien debt and
senior unsecured notes, in their capacity as prepetition lenders
and postpetition DIP lenders.

Irving, Texas-based Magnum Hunter Resources Corporation (otc
pink:MHRC) -- http://www.mhr.energy-- is
engaged primarily in the exploration for and the acquisition,
development and production of natural gas and natural gas liquids
resources in the U.S.  The company is focused on two of the most
prolific unconventional shale resource plays in the U.S.: Marcellus
Shale in West Virginia and Ohio and the Utica Shale in southeastern
Ohio and western West Virginia.


MAGNUM HUNTER: Files for Chapter 11 Amid Oil Price Drop
-------------------------------------------------------
Magnum Hunter Resources Corporation and its affiliates sought for
Chapter 11 bankruptcy protection in Delaware blaming the
historically low commodity prices coupled with relatively weak
consumer demand.

Irving, Texas-based MHRC, an oil and gas company that primarily
engaged, through its subsidiaries, in the acquisition, development,
and production of oil and natural gas reserves in the United
States, said these macroeconomic factors, coupled with the their
substantial debt obligations and natural gas gathering and
transportation costs, strained their ability to sustain the weight
of their capital structure and devote the capital necessary to
maintain and grow their businesses.  The Debtors' total number of
drilling rigs in operation in the United States is just 38 percent
of the number of rigs that were in operation just one year ago,
Court filing indicates.

As of Sept. 30, 2015, the Debtors reported approximately $1.5
billion in total assets and approximately $1.1 billion in total
liabilities, as well as approximately $416.3 million in stated
value of preferred stock.  The Debtors disclosed they generated
approximately $391.5 million in revenue from their operations in
2014 and have generated approximately $169.3 million in revenues
from their operations for the ten months ended  Oct. 31, 2015.

As revenues continued to decline throughout the first half of 2015,
the Debtors said they continued to explore various opportunities to
increase near-term liquidity.  To this end, the Debtors continued
their efforts to divest non-core assets, successfully generating
approximately $33.9 million in proceeds on the sale in 2015 of
unproven properties with no cash flow as a result.  The Debtors
also explored alternatives for monetizing their primary
unencumbered assets, namely, MHRC's equity interest in EHH, as well
as certain other undeveloped, unproved leasehold acreage located in
the Utica Shale and Marcellus Shale plays.

"Despite the Debtors' efforts to mitigate these and other effects
through non-core asset divestitures and operational "rightsizing,"
the capital-intensive nature of the Debtors' businesses together
with the Debtors' overleveraged capital structure have made it
difficult to withstand the current economic climate," Gary C.
Evans, chairman and chief executive officer of MHR, said in a
declaration filed with the Court.

The Debtors and their advisors have engaged the major constituents
in their capital structure in an attempt to negotiate a consensual
out-of-court restructuring that would maximize value for all
parties in interest.

On Nov. 3, 2015, the Debtors entered into a bridge financing
facility, pursuant to which the Debtors secured additional
financing of approximately $16 million to stabilize their
operations while the Debtors engaged in good faith negotiations
regarding potential in-court or out-of-court restructuring options.
The Bridge Financing Facility contained a two-week moratorium on
the Debtors' ability to pursue, and the New First Lien Lenders'
ability to propose, the terms of any debtor-in-possession
financing.  The moratorium was further extended to
Dec. 7, 2015, by the Seventh Amendment.  The moratorium was
intended to provide all parties with time to focus on negotiating
the terms of a consensual restructuring.

                  RSA and Proposed DIP Financing

The Debtors maintained they successfully used the additional time
provided by the Incremental Financing to finalize the terms of a
restructuring support agreement and Term Sheet with the RSA
Parties.  The Debtors and the RSA Parties recognized that a
comprehensive restructuring was necessary to deleverage the
Debtors' balance sheet to ensure the Debtors' ability to operate as
a going concern.

The RSA and Term Sheet provide the framework for a swift
restructuring under the Bankruptcy Code and work in tandem with the
Proposed DIP Financing, approximately 35 percent of which is
backstopped by the Second Lien Lenders and approximately 65 percent
of which is backstopped by the 9.75% Noteholders.  The Backstoppers
are also RSA Parties.  The Proposed DIP Financing
provides the Debtors with postpetition financing in the form of a
senior secured, multi-draw term loan in the aggregate principal
amount of $200 million.  

The Proposed DIP Financing and the RSA will provide the Debtors
with access to the consensual use of their prepetition secured
creditors' cash collateral.  The Debtors anticipate that the
proposed DIP Financing will give them sufficient liquidity to
stabilize their operations and fund the administration of these
Chapter 11 cases as they seek to implement the restructuring
embodied in the RSA and Term Sheet.

The RSA provides for the reorganization of the Debtors as a going
concern with a completely deleveraged capital structure and
sufficient liquidity to fund the Debtors' postpetition
business plan.

The key element of the reorganization contemplated by the RSA is
the elimination of substantially all of the Debtors' pre- and
postpetition funded debt obligations through a debt-to-equity
conversion, whereby the lenders under the Proposed DIP Financing,
the Second Lien Lenders, and the 9.75% Noteholders will become the
new common equity owners of the reorganized Debtors.  The Debtors
anticipate that vendors and trade creditors will receive a
significant recovery in cash on account of their claims, subject to
certain conditions.  

Generally, the RSA contemplates the following recoveries to holders
of claims against and interests in the Debtors:

  * payment in full of all administrative and priority claims in
    cash at emergence;

  * conversion of the Proposed DIP Financing obligations to
    approximately 28.8 percent of new common equity in the
    reorganized Debtors;

  * payment of the Bridge Financing Facility in full and in cash
    with proceeds of the Proposed DIP Financing, upon entry of the

    Final DIP Order;

  * conversion of the Second Lien Term Loan obligations to
    approximately 36.87 percent of the New Common Equity,
    exclusive of New Common Equity distributed to holders of
    claims under the Proposed DIP Financing who are also holders
    of claims under the Second Lien Term Loan;

  * conversion of the 9.75% Notes into approximately 31.33 percent

    of the New Common Equity, exclusive of New Common Equity  
    distributed to holders of claims under the Proposed DIP
    Financing who are also holders of claims under the 9.75%
    Notes;

  * reinstatement of all other secured debt, including the    
    Equipment and Real Estate Notes;

  * holders of general unsecured claims currently intended to
    receive a blended recovery of approximately 80 percent, to be
    paid in cash, through a combination of payments to be made
    pursuant to various Bankruptcy Court orders and a cash pool
    included in the plan of reorganization; and

  * cancellation of the Preferred Stock and the Common Shares.

"The RSA and Proposed DIP Financing seek to ensure that the Debtors
move forward with the restructuring contemplated by the RSA,
including the Term Sheet, as expeditiously as possible, with
emergence occurring on or before April 15, 2016," Mr. Evans said.


RSA Parties have agreed to vote their claims in favor of any plan
of reorganization consistent with the terms embodied in the RSA and
Term Sheet, so long as, among other things, the Debtors are
pursuing confirmation of such a plan on the following timeline set
forth in the Proposed DIP Financing and RSA:

  * commencement of the chapter 11 cases on or before Dec. 15,
    2015;

  * entry of an interim order approving the Proposed DIP Financing

    on or before Dec. 17, 2015;

  * filing of a motion to reject executory contracts and set
    procedures with regard to the determination of rejection
    damages on or before Jan. 7, 2016;

  * on or before Jan. 7, 2016, the Debtors are to file (i) a plan
    of reorganization consistent with the RSA and Term Sheet; (ii)

    the disclosure statement with respect to such plan; (iii) a
    motion to approve the Disclosure Statement; and  (iv) a motion

    to assume the RSA;

  * entry of a final order approving the Proposed DIP Financing on

    or before Jan. 15, 2016;

  * entry of an order approving the Disclosure Statement and the
    RSA Assumption Motion on or before Feb. 12, 2016;

  * commencement of a hearing to confirm the plan of
    reorganization on or before March 28, 2016;

  * entry of an order confirming their plan of reorganization on
    or before April 1, 2016; and

  * effective date of the plan of reorganization on or before
    April 15, 2016.

The Debtors believe that the restructuring embodied in the RSA and
Term Sheet give them the best opportunity to withstand current
adverse market conditions, generate sufficient liquidity to fund
their operations, and maximize value for the benefit of their
stakeholders.

                        First Day Motions

Contemporaneously with the petition, the Debtors have filed a
number of first day motions seeking orders granting various forms
of relief intended to stabilize their business operations,
facilitate the efficient administration of these Chapter 11 cases,
and expedite a swift and smooth restructuring of the Debtors'
balance sheet.  The Debtors are seeking authority to, among other
things, utilize existing cash management system, pay employee
compensation, and prohibit utility providers from discontinuing
services.

A copy of the declaration in support of the First Day Motions is
available for free at:

      http://bankrupt.com/misc/15_MAGNUM_Declaration.pdf

                        About Magnum Hunter

Magnum Hunter Resources Corporation and 19 of its affiliates filed
Chapter 11 bankruptcy petitions (Bankr. D. Del. Proposed Lead Case
No. 15-12533) on Dec. 15, 2015.  The petition was signed by Gary C.
Evans as chairman and chief executive officer.

The Debtors have engaged Kirkland & Ellis, LLP as their general
counsel, Pachulski Stang Ziehl & Jones LLP as local counsel, PJT
Partners, LP as investment banker, Alvarez & Marsal North America,
LLC, as restructuring advisor, and Prime Clerk, LLC as notice,
claims and balloting agent.


MAGNUM HUNTER: Moody's Lowers CFR to Ca on Ch. 11 Filing
--------------------------------------------------------
Moody's Investors Service downgraded Magnum Hunter Resources
Corporation's (MHR) Probability of Default Rating (PDR) to D-PD
from Caa3-PD, Corporate Family Rating to Ca from Caa3, senior
secured second-lien term loan rating to Ca from B3, and the senior
unsecured notes rating to C from Ca.  The negative outlook and the
SGL-4 Speculative Grade Rating were maintained.

These actions were prompted by an announcement on Dec. 15, 2015,
that MHR and certain of its wholly-owned subsidiaries had filed
voluntary petitions for reorganization under Chapter 11 of the US
Bankruptcy Code in the state of Delaware.

Issuer: Magnum Hunter Resources Corporation

Downgraded:

  Probability of Default Rating, Downgraded to D-PD from Caa3-PD
  Corporate Family Rating, Downgraded to Ca from Caa3
  US$600M 9.75% Senior Unsecured Bond/Debenture, Downgraded to C
   (LGD5) from Ca (LGD5)
  US$340M Senior Secured 2nd Lien Term Loan, Downgraded to Ca
   (LGD4) from B3 (LGD2)

Maintained:

  Speculative Grade Liquidity Rating, SGL-4
  Outlook, Negative Outlook

RATINGS RATIONALE

MHR has entered into a restructuring support agreement with roughly
75% of its debtholders to convert substantially all of its
prepetition funded debt to equity.  The support agreement also
allows for a debtor in possession (DIP) financing in the form of a
$200 million multi-draw term loan that will be backstopped by
lenders who are parties to the restructuring support agreement. The
DIP facility will help the company run its day-to-day operations
during the restructuring process and make payments to its vendors,
employees and key stakeholders.  MHR expects to exit the bankruptcy
process in April 2016.

Shortly following these rating actions, Moody's will withdraw all
of MHR's ratings and outlook.

The principal methodology used in these ratings was Global
Independent Exploration and Production Industry published in
December 2011.

Magnum Hunter Resources Corporation (MHR) is a Irving, Texas based
publicly traded oil and gas exploration and production company with
principal assets in the states of West Virginia, Ohio, and North
Dakota.



MAGNUM HUNTER: S&P Lowers CCR to 'D' on Chap. 11 Filing
-------------------------------------------------------
Standard & Poor's Ratings Services lowered its corporate credit
rating on Texas-based Magnum Hunter Resources Corp. to 'D' from
'CCC-'.  At the same time, S&P lowered its issue-level rating on
the company's second-lien term loan to 'D' from 'CCC' and its
issue-level rating on Magnum Hunter's senior unsecured debt to 'D'
from 'C'.

The recovery rating on the second-lien debt remains '2', reflecting
S&P's expectation of substantial (70% to 90%, lower half of the
range) recovery to creditors.  The recovery rating on the senior
notes remains '6', reflecting S&P's expectation of negligible (0%
to 10%) recovery to creditors.

"The rating action follows Magnum Hunter's announcement that it has
filed voluntary petitions for restructuring under Chapter 11 of the
U.S. Bankruptcy Code," said Standard & Poor's analyst Christine
Besset.  "Magnum Hunter also announced its entry into a
restructuring support agreement with lenders that hold, in the
aggregate, about 75% of the company's debt," she added.

The restructuring support agreement provides for
debtor-in-possession financing in the form of a $200 million senior
secured term loan that will be backstopped by lenders who are
parties to the agreement.  The restructuring agreement contemplates
the debt-to-equity conversion of substantially all of the company's
debt upon emergence from the Chapter 11 bankruptcy process.



MILLENNIUM LAB: Releases Delay Prepack Plan Approval
----------------------------------------------------
Jeff Montgomery at Bankruptcy Law360 reported that a Delaware
bankruptcy judge turned away all challenges to Millennium Lab
Holding II LLC's $1.8 billion, time-sensitive, prepackaged
bankruptcy late Oct. 11, 2015, rejecting objections to third-party
liability releases and indemnifications raised by a dissident
creditor group and the U.S. trustee.  But the judge's own questions
about a sweeping bar order in the medical testing company's
reorganization plan delayed a immediate move toward final Chapter
11 approval.  The bar order prohibits any claims or litigation
against virtually anyone connected with the releases, and offers
limited, dollar-for-dollar offsets.

Mr. Montgomery also reported that Millennium Lab Holdings pushed on
Dec. 10, 2015, for a "do-or-die" confirmation of its $1.8 billion
prepackaged bankruptcy in a Delaware courtroom, while trying to
avoid a meltdown as attorneys battled over provisions for
non-debtor liability releases.  Disagreement over releases and
indemnifications in the reorganization plan escalated sharply on
Dec. 9, when a lender group that refused to the support the plan
and wants to opt out filed a fraud and racketeering suit in
Delaware federal court against Millennium and its equity holders.

                       About Millennium Lab

Millennium Lab Holdings II, LLC, Millennium Health, LLC and
Rxante, LLC, providers of laboratory-based diagnostic testing
focused on drugs of abuse and clinical medication monitoring,
filed Chapter 11 bankruptcy petitions (Bankr. D. Del. Case Nos.
15-12284, 15-12285 and 15-12286, respectively) on Nov. 10, 2015.
The Debtors estimated assets in the range of $100 million to $500
million and liabilities of more than $1 billion.

The Debtors have engaged Skadden, Arps, Slate, Meagher & Flom LLP
as counsel; Young Conaway Stargatt & Taylor, LLP as conflicts
counsel; Lazard Freres & Co., LLC, as investment banker; Alvarez &
Marsal as financial advisor; and Prime Clerk LLC as claims and
noticing agent.

Judge Laurie Selber Silverstein has been assigned the case.


MIRANT CORP: Commerzbank Beats Payment Recovery Suit
----------------------------------------------------
Michelle Casady at Bankruptcy Law360 reported that Commerzbank beat
a suit brought by a successor to bankrupt Georgia-based energy
company Mirant seeking to recover payments made to the bank against
equipment loans, with a Texas federal judge finding on Dec. 10,
2015, there was no evidence the bank engaged in fraud by relying on
a repayment guarantee.

MC Asset Recovery, established as a successor to Mirant during its
2003 Chapter 11 bankruptcy proceedings, had argued that its lenders
engaged in a fraudulent scheme by relying on Mirant's guarantee for
repayment, without good faith or fair consideration.

                             About Mirant

Mirant Corporation -- http://www.mirant.com/-- produces and sells

electricity in the United States.  Mirant owns or leases
approximately 10,097 megawatts of electric generating capacity.
The company operates an asset management and energy marketing
organization from its headquarters in Atlanta, Georgia.

Mirant Corporation filed for Chapter 11 protection on July 14,
2003 (Bankr. N.D. Tex. 03-46590), and emerged under the terms of a
confirmed Second Amended Plan on Jan. 3, 2006.  Thomas E. Lauria,
Esq., at White & Case LLP, represented the Debtor in its
restructuring.  When the Debtor filed for protection from its
creditors, it listed $20,574,000,000 in assets and $11,401,000,000
in debts.  The Debtors emerged from bankruptcy on Jan. 3, 2006.
On March 7, 2007, the Court entered a final decree closing 46
Mirant cases.

Mirant NY-Gen LLC, Mirant Bowline LLC, Mirant Lovett LLC, Mirant
New York Inc., and Hudson Valley Gas Corporation, were not
included in the parent's bankruptcy exit plan.

In February 2007, Mirant NY-Gen filed its Chapter 11 Plan of
Reorganization and Disclosure Statement.  The Court confirmed an
amended version of the Plan on May 7, 2007.  Mirant NY-Gen emerged
from Chapter 11 on May 7, 2007.

On July 13, 2007, Mirant Lovett filed its Chapter 11 Plan.  The
Court confirmed Mirant Lovett's Plan on Sept. 19, 2007.  Mirant
Lovett emerged from bankruptcy on Oct. 2, 2007.


MISSION REGIONAL: S&P Lowers Rating on 3 Bonds to 'BB+'
-------------------------------------------------------
Standard & Poor's Ratings Services has lowered its rating on
Hidalgo County Health Services Corp., Texas' series 2005, 2007, and
2008 bonds (issued for Mission Regional Medical Center) to 'BB+'
from 'BBB-'.  At the same time, Standard & Poor's placed the
ratings on CreditWatch with negative implications.

"The downgrade and CreditWatch placement reflects Mission's $11.3
million reported operating loss at fiscal year-end 2015, and our
expectation that the hospital will breach its minimum debt service
coverage covenant, resulting in an event of default under the bond
documents," said Standard & Poor's credit analyst Karl Propst.

The loss, compared to the hospital's budget for $2.1 million of
operating income, resulted from materially lower supplemental
reimbursement under the Medicaid Disproportionate Share Hospital
Payment Program, the Medicaid Uncompensated Care portion of the
Texas 1115 Waiver, and an update to the Medicare Supplemental
Security Income index.  Funding reductions relate to final
settlements under the programs for fiscal 2014, and adjustments to
current-year estimates for Medicaid supplemental funding through
Sept. 30.

Mission's 12-month fiscal year-to-date financial statements for
September reflect a $7.4 million reduction in revenues (including a
$4 million negative adjustment to a reduction in amounts due from
third-party payors for fiscal 2014).  Even without these
adjustments, the hospital would have incurred a loss from
operations of about $3 million, or about a $5 million volume, which
negative variance to budgeted operating income fueled.  S&P expects
the effects of lower reimbursement to continue and affect Mission's
2016 budgeted operating results.

S&P understands that the hospital's  fiscal 2015 operating loss
will result in a breach of its 1.1x minimum debt service coverage
covenant under the bond indenture.  And, because calculated
coverage will very likely be below 1.0x, the covenant breach will
represent an event of default.

Mission's senior management informed Standard & Poor's that it has
communicated with the bond trustee and that an official notice of
noncompliance with the debt service coverage covenant will be
forthcoming, but likely not until February to coincide with the
release of the hospital's audited financial results.  S&P also
understands that Mission's leadership is planning to engage an
outside consultant.

S&P will assess Mission's plan to address its operating performance
and the expected covenant violation, and any implications under the
event of default, within 90 days of this rating action.



MJ HOLDINGS: Losses, Deficit Raise Going Concern Doubt
------------------------------------------------------
MJ Holdings, Inc. had a net loss of $23,393, or a basic and diluted
loss per share of $0.002, for the three months ended September 30,
2015, compared with a net loss of $683,257, or a basic and diluted
loss per share of $0.049, for the three months ended September 30,
2014.  During the nine months ended September 30, 2015, the company
incurred a net loss of $129,840.  The Company had an accumulated
deficit of $1,467,550 as of September 30, 2015.

"These factors, among others, raise substantial doubt about the
company's ability to continue as a going concern," said Adam
Laufer, co-chief executive officer, and Shawn Chemtov, co-chief
executive officer and chief financial officer of the company in a
November 12, 2015 regulatory filing with the U.S. Securities and
Exchange Commission.

Messrs. Laufer and Chemtov stated, "The company's future success is
dependent upon its ability to achieve profitable operations,
generate cash from operating activities and obtain additional
financing.  Although we can provide no assurances, we believe our
cash on hand, coupled with revenues generated by rental income and
our ability to refinance our equity in the real estate we own, will
provide sufficient liquidity and capital resources to fund our
business for the next twelve months.

"In the event the company experiences liquidity and capital
resource constraints because of unanticipated operating losses, we
may need to raise additional capital in the form of equity and/or
debt financing.  If such additional capital is not available on
terms acceptable to us or at all, then we may need to curtail our
operations and/or take additional measures to conserve and manage
our liquidity and capital resources, any of which would have a
material adverse effect on our financial position, results of
operations, and our ability to continue in existence."

At September 30, 2015, the company had total assets of $4,222,095
and total stockholders' equity of $1,325,583.

A full-text copy of the company's quarterly report is available for
free at: http://tinyurl.com/jg8uy5m

Miami-based MJ Holdings, Inc. owns, operates and develops a
portfolio of business units related to the regulated marijuana
industry, including internet websites, mobile apps and consumer
products, in addition to its income producing portfolio.  As of
September 30, 2015, the company has acquired three real estate
properties in Colorado that are leased to state licensed marijuana
operators and generating $56,626 in monthly rental income.



MOLYCORP INC: Said to Get No Bids for Firm in First Round
---------------------------------------------------------
Jodi Xu Klein, writing for Bloomberg Brief - Distress & Bankruptcy,
Molycorp Inc. has failed to attract any offers for the entire
company as a first-round bidding deadline approaches, according to
people with knowledge of the matter.

According to the report, the potential buyers, mostly rare-earths
producers and processors based outside the U.S., are instead
looking to take on part or all of the bankrupt rare-earths miner's
overseas business, said the people, who asked not to be named
because the process isn't public.

Those bids do not include its idled Mountain Pass mine in
California, the people said, the report related.  Offers could
still emerge in a later round, the report said.  The sale, which
was announced on Nov. 3 and is part of a reorganization plan, has
been tumultuous, with Molycorp's lower-ranking creditors accusing
the company of running a "specious sale process," the report
added.

                       About Molycorp Inc.

Molycorp Inc. -- http://www.molycorp.com/-- is a global rare      

earths and rare metals producer.  Molycorp owns several prominent
rare earth processing facilities around the world.  It has a
workforce of 2,530 employees at locations on three continents.
Molycorp's Mountain Pass Rare Earth Facility in San Bernadino
County, California, is home to one of the world's largest and
richest deposits of rare earths.

Molycorp has corporate offices in the United States, Canada and
China.  CEO Geoffrey R. Bedford, and other senior management
members are located in Molycorp's corporate offices in Toronto,
Canada.  Other senior management members are located at its U.S.
corporate headquarters in Greenwood Village, Colorado.

Molycorp reported a net loss of $623 million in 2014, a net loss
of $377 million in 2013 and a net loss of $475 million in 2012.

As of March 31, 2015, the Company had $2.49 billion in total
assets, $1.78 billion in total liabilities and $709 million in
total stockholders' equity.

Molycorp and its North American subsidiaries, together with
certain of its non-operating subsidiaries outside of North
America, filed Chapter 11 voluntary petitions in Delaware (Bankr.
D. Del. Lead Case No. 15-11357) on June 25, 2015, after reaching
agreement with a group of lenders on a financial restructuring.
The Chapter 11 cases of Molycorp and 20 affiliated debts are
pending before Judge Christopher S. Sontchi.

The agreement provides for a financial restructuring of the
Company's $1.7 billion in debt and provides up to $225 million in
gross proceeds in new financing to support operations while the
Company completes negotiations with creditors.

The Company's operations outside of North America, with the
exception of non-operating companies in Luxembourg and Barbados,
are excluded from the filings.  Molycorp Rare Metals (Oklahoma),
LLC, with operations in Quapaw, Oklahoma, also is excluded from
the filings as it is not 100% owned by the Company.

Molycorp is being advised by the investment banking firm of Miller
Buckfire & Co. and is receiving financial advice from
AlixPartners, LLP.  Jones Day and Young, Conaway, Stargatt &
Taylor LLP act as legal counsel to the Company in this process.
Prime Clerk serves as claims and noticing agent.

Secured creditor Oaktree Capital Management L.P., consented to the
use of cash collateral and to extend postpetition financing.

On July 8, 2015, the U.S. trustee overseeing the Chapter 11 case
of Molycorp Inc. appointed eight creditors of the company to serve
on the official committee of unsecured creditors.


NEIMAN MARCUS: Bonds Plunge After Same-Store Sales Decline
----------------------------------------------------------
Lauren Coleman-Lochner, writing for Bloomberg Brief - Distress &
Bankruptcy, reported on Dec. 15 that Neiman Marcus Group Inc. bond
prices tumbled after the retailer reported a first-quarter loss and
a decline in a key sales benchmark, joining other department-store
chains struggling to lure holiday spenders.

According to the report, citing a Dec. 14 statement by Neiman,
same-store sales at the Dallas-based chain fell 5.6 percent in the
three months ended Oct. 31.  The retailer, known for its elaborate
Christmas catalog, had a loss of $10.5 million, compared with
$196,000 in profit in the year-ago period, the report related.

The Bloomberg report noted that department stores have been posting
tepid results as consumers shift money toward services, experiences
or savings.  Macy's Inc. and Nordstrom Inc. cut their annual profit
forecasts after disappointing earnings, while Hudson Bay Co. posted
an unexpected third-quarter loss as a stronger U.S. dollar pummeled
tourist spending at its Saks Fifth Avenue chain, the report pointed
out.

"We're seeing luxury spending take a little bit of a pause," the
Bloomberg report said, citing Liz Dunn, chief
executive officer of Talmage Advisors, a retail and brand
consulting company.  "Everybody's struggling right now."


ORBIT AIRCRAFT: Fitch Withdraws 'BBsf' Rating on Class C-1 Notes
----------------------------------------------------------------
Fitch Ratings has withdrawn the expected ratings for Orbit Aircraft
Leasing Ltd.

KEY RATING DRIVERS

The ratings have been withdrawn as they are no longer expected to
convert to final ratings in the near term, as SMBC Aviation
Capital, the sponsor/seller/servicer for Orbit, has withdrawn the
transaction from the market. Fitch has also withdrawn the presale
report for the transaction dated Oct. 26, 2015. Fitch may assign
the transaction expected ratings again in the future, following an
updated analysis of the portfolio and the proposed structure.

Fitch has withdrawn the following expected ratings:

-- Class A-1 notes 'A-sf'; Outlook Stable;
-- Class B-1 notes 'BBBsf'; Outlook Stable;
-- Class C-1 notes 'BBsf'; Outlook Stable.



PHYSICAL PROPERTY: Posts HK$186K Net Loss in Qtr. Ended Sept. 30
----------------------------------------------------------------
Physical Property Holdings Inc. (PPYH.PK) recorded a net loss and
total comprehensive loss of HK$186,000 (US$23,000) for the third
quarter of 2015, compared to a net loss and total comprehensive
loss of HK$169,000 for the third quarter of 2014.  This represented
an increase in loss of 10% due to the effect of the decrease in
rental income and increase in operating expenses, Ngai Keung Luk,
chairman and chief executive officer, and Darrie Lam, chief
financial officer of the company said in a regulatory filing with
the U.S. Securities and Exchange Commission on November 12, 2015.

"The company had negative working capital of HK$11,978,000 as of
September 30, 2015 and incurred losses of HK$556,000 and HK$598,000
for the nine months ended September 30, 2015 and 2014
respectively," Mr. Luk and Ms. Lam pointed out.  

"These conditions raised substantial doubt about the company's
ability to continue as a going concern."

According to Ms. Lam, "Continuation of the company as a going
concern is dependent upon attaining profitable operations in the
future, exercising tight cost and cash flow controls measures, and
the financial support from Mr. Luk (the Principal Stockholder).  

"The Principal Stockholder has undertaken to make available
adequate funds to the company as and when required to maintain the
company as a going concern.  Having taken into consideration the
undertaking provided by the Principal Stockholder, management
believes that the company will be able to settle its liabilities
when they become due.  However, there can be no assurance that the
financing from the Principal Stockholder will be continued."

During the nine months ended September 30, 2015, Mr. Luk made a net
advance of HK$880,000 or US$113,000 to the company.  Mr. Luk owns
94.5% of the company's issued and outstanding shares of common
stock as of the date this quarterly report is filed.

"Management believes that cash flow generated from the operations
of the company, the tight cost and cash flow control measures, the
existing cash and bank balances on hand should be sufficient to
satisfy the working capital requirement of the company for at least
the next 12 months as the Principal Stockholder has confirmed his
intention to make available adequate funds to the company as and
when required to maintain the Company as a going concern.  However,
there can be no assurance that the financing from him will be
continued," Ms. Lam stated.

At September 30, 2015, the company had total assets of HK$9,315,000
and total stockholders' deficit of HK$2,885,000.

A full-text copy of the company's quarterly report is available for
free at: http://tinyurl.com/zdco9vq

Physical Property Holdings Inc. (PPYH.PK) is a Hong Kong-based real
estate company.  The company buys, sells, invests in and rents real
estate in Hong Kong with five residential apartments in the area.



PLASTIC2OIL INC: Limited Resources Raise Going Concern Doubt
------------------------------------------------------------
Plastic2Oil, Inc., posted a net loss of $848,918 for the quarter
ended September 30, 2015, compared to a net loss of $1,410,427 for
the same period in 2014.  The company also had total assets of
$6,379,312, total liabilities of $9,974,661, and total
stockholders' deficit of $3,595,349 as of September 30, 2015.

"Our limited capital resources and recurring losses from operations
raise substantial doubt about our ability to continue as a going
concern and may adversely affect our ability to raise additional
capital," Richard Heddle, president and chief executive officer of
the company, disclosed in a regulatory filing with the U.S.
Securities and Exchange Commission on November 12, 2015.

The company has experienced negative cash flows from operations
since inception, has net losses from continuing operations of
$2,909,718, and $4,243,554, for the nine months ended September 30,
2015 and 2014, respectively, and has an accumulated deficit of
$70,863,917 at September 30, 2015.  "These factors raise
substantial doubt about the company's ability to continue as a
going concern and to operate in the normal course of business," Mr.
Heddle emphasized.

Mr. Heddle further noted: "The company has funded its activities to
date almost exclusively from equity financings and related party
loans.  The company will continue to require substantial funds to
continue the expansion of its P2O business to achieve significant
commercial productions, and to significantly increase sales and
marketing efforts.  Management's plans in order to meet its
operating cash flow requirements include financing activities such
as private placements of its common stock, related party loans,
issuances of debt and convertible debt instruments.

"While the company believes that it will be successful in obtaining
the necessary financing to fund its operations, meet regulatory
requirements and achieve commercial production goals, there are no
assurances that such additional funding will be achieved and that
it will succeed in its future operations.

"At September 30, 2015, we had a cash balance of $40,508. Our
principal source of liquidity in 2015 was borrowing under a related
party short-term note.  Our processors are currently idle and,
thus, we are not producing fuel or generating fuel sales.
Furthermore, we have shifted our business strategy to focus on
processor sales, rather than fuel sales.  Our current cash levels
are not sufficient to enable us to make the required repairs to our
processors or to execute our business strategy as described in this
Report.  As a result, we intend to seek significant additional
capital through the sale of our equity and debt securities and
other financing methods to enable us to make the repairs, to meet
ongoing operating costs and reduce existing current liabilities.

"We also intend to seek cash advances or deposits under any new
processor sale agreements and/or related technology licenses.
Management currently anticipates that the processors will remain
idle until at least the first quarter of 2016, other than running
pilot runs for sale of processors.

"Due to the many factors and uncertainties involved in capital
markets transactions, there can be no assurance that we will raise
sufficient capital to allow us to resume operations in 2015, or at
all.  In the interim, we anticipate that our level of operations
will continue to be nominal, although we plan to continue to market
our P2O processors with the intention of making P2O processor sales
and technology licenses."

A full-text copy of the company's quarterly report is available for
free at: http://tinyurl.com/zq73jaz

Niagara Falls, New York-based Plastic2Oil, Inc. is engaged in
transforming waste plastics to oil and other fuel products (P2O).
Its P2O business has begun its transition from research and
development to a commercial manufacturing and production business.
These processors were idle for all of 2015 and until the first
quarter of 2016, other than pilot runs to support the processor
sales.  The company plans to grow mainly from sale of processors,
secondarily from the sale of fuel products.



POSTROCK ENERGY: Has Going Concern Doubt, In Talks with Lenders
---------------------------------------------------------------
PostRock Energy Corporation has substantial doubt regarding its
ability to continue as a going concern, Casey E. Bigelow, chief
accounting officer, secretary and treasurer of the company,
disclosed in a regulatory filing with the U.S. Securities and
Exchange Commission on November 12, 2015.

The company posted a net loss of $42,517,000 for the quarter ended
September 30, 2015, compared to a net income of $4,376,000 for the
same period in 2014.  At September 30, 2015, the company had total
stockholders' deficit of $80,195,000 with total assets of
$93,905,000 and total liabilities of $174,100,000.

Ms. Bigelow explained, "The substantial drop in oil and natural gas
prices since June 30, 2014 has significantly affected our revenue,
profitability and cash flow and has led to an impairment of our oil
and natural gas properties.  Additionally, a decrease in the
borrowing base under our senior secured revolving credit facility
to $76 million led to a $10.4 million borrowing base deficiency at
June 30, 2015, which is required to be repaid in installments
through December 2015.  Our next borrowing base redetermination
will be effective in November 2015, at which time the company
expects further significant reductions.  A significant borrowing
base reduction could lead to an unmanageable deficiency and
ultimately a default under the credit agreement.  Upon an event of
default under the credit agreement, the full amount of the debt
would become callable.  

"The company is currently in discussions with its lenders regarding
alternatives if these events occur, but can give no assurances that
an agreement can reached on terms acceptable to the company, or at
all.  In February 2015, the company engaged Evercore Group L.L.C.
to assist the Board in evaluating our strategic alternatives which
include, among other things, merging or selling the company,
selling operating assets, obtaining additional capital from other
sources and/or renegotiating the terms of our existing credit
agreement sufficient to meet both our operating and financial
obligations.  

"While this evaluation is still under way, there can be no
assurance that we will be successful in any of these efforts or
that we will have sufficient funds to cover our operational and
financial obligations over the next twelve months, which raises
substantial doubt as to our ability to continue as a going
concern."  

Ms. Bigelow further noted: "We rely on our cash flows from
operating activities as a source of internally generated liquidity.
Our ability to generate liquidity internally depends, in part, on
our ability to hedge future production at attractive prices as well
as our ability to control operating expenses.  During the nine
months ended September 30, 2015 we generated cash of $14 million
from settlements of our oil and natural gas derivative contracts.  
This cash includes $5.1 million from the early exit of a portion of
our above market oil and natural gas swap contracts originally
scheduled to settle in 2016.  These contracts were settled early in
connection with remediating our borrowing base deficiency.  We also
may sell core and non-core assets from time to time to raise
additional capital.

"At September 30, 2015, we had a $200 million secured borrowing
base revolving credit facility, which we use as an external source
of long and short term liquidity.  On June 24, 2015, the company
entered into an amendment to the credit facility that, among other
things, reduced the borrowing base to $76 million, $10.4 million
below the utilization at the time as a result of the May 2015
borrowing base redetermination and established a six-month schedule
for the elimination of the resulting $10.4 million borrowing base
deficiency by December 22, 2015.  Our next borrowing base
redetermination will be effective in November 2015, at which time
the Company expects further significant reductions.   As of October
31, 2015, we have repaid $10.2 million of the deficiency using cash
flow from settlements of hedges and cash flows from operations. We
expect to repay the remaining deficiency using cash on hand, cash
flow from operations, proceeds from sales of assets and/or
settlements of hedges.  Until the borrowing base deficiency is paid
in full, we will not be able to borrow any amounts repaid under the
credit facility.

"We anticipate that our future liquidity requirements will arise
from the need to repay our debt, including borrowing base
deficiencies, fund our operations, pay current obligations and fund
any future capital expenditures.  The primary sources of funding
for such requirements are expected to be cash generated from
operations, raising additional funds from selling assets,
additional capital investments and/or debt financing.  However, we
can provide no assurance that we will be able to generate
sufficient cash flow from operations, sell assets or obtain
additional financing on terms satisfactory to us, if at all, to
remain a going concern. Our continuation as a going concern is
dependent upon our ability to generate sufficient cash flow to meet
our obligations on a timely basis."
  
A full-text copy of the company's quarterly report is available for
free at: http://tinyurl.com/hmj762s

Oklahoma City-based PostRock Energy Corporation is engaged in the
acquisition, exploration, development, production and gathering of
crude oil and natural gas.  This independent oil and natural gas
company is focused on in the Cherokee Basin in southern Kansas and
northeastern Oklahoma, and Central Oklahoma.


QUIKSILVER INC: KEIP, KERP OK Despite U.S. Trustee's Objection
--------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware approved
debtors Quiksilver, Inc., et. al.'s motion seeking the
implementation of the Key Employee Incentive and Retention Plan,
despite the objection lodged by Andrew R. Vara, Acting United
States Trustee for Region 3.

The Key Employee Incentive Plan ("KEIP") contains these essential
aspects:

   (a) Three senior U.S. executives, all insiders, will participate
in the KEIP and be eligible to earn aggregate "incentive" payments
of up to $1,469,500.00. The maximum payout to each KEIP Participant
will be 75% to 100% of the participant’s base compensation.
Payment to one KEIP Participant will be made by a non-debtor
affiliate, but the Debtors have acknowledged that the payment will
be funded by an intercompany payment from the Debtors.

   (b) The KEIP is divided into three targets, each with a maximum
payout of approximately $489,833. The three performance targets
are:

        (i) Emergence from bankruptcy through either the
effectiveness of any plan of reorganization or consummation of any
sale of substantially all of the Debtors’ assets, provided that
the payout will be reduced to 85% of the maximum amount for an
Emergence Date between February 16, 2016 and March 15, 2016 and 70%
of the maximum amount for and Emergence Date between March 16, 2016
and April 15, 2016. The Motion is silent regarding whether any
Emergence bonus will be payable for an Emergence Date after April
15, 2016, and is also silent about whether the targeted Emergence
Dates may be extended;

       (ii) Continued compliance with the DIP Credit Agreement,
including the covenants contained therein; and

      (iii) Achievement of pre-determined personal goals, as
determined by each KEIP Participant’s designated superior.

   (c) Failure to achieve one performance target will not reduce
the maximum payout available for the other performance targets.

   (d) The bonuses will be paid 15 days after the Emergence Date
and require each participant to remain in the Debtors’ employ
until 45 days after the Emergence Date.

The Key Employee Retention Plan ("KERP") contains the following
essential aspects:

   (a) The Debtors have designated 14 employees as participants
("KERP Participants"), based on their status as "critical, hard to
replace, non-senior management employees."

   (b) The KERP will be provide for a total pool of $859,556, with
$659,556 allocated to the named 14 KERP Participants and $200,000
available for discretionary payments to later-identified KERP
Participants.

   (c) The maximum payout to any KERP Participant will be from 20%
to 50% of the participant’s base compensation.

   (d) KERP payments will be based 60% on continued employment
until  45 days after the Emergence Date and 40% based on
achievement of pre-determined personal goals, as determined by each
KERP Participant’s designated superior.

The U.S. Trustee contended that the Debtors have supplied him with
a list of KEIP Participants, disclosing among other things, each
participant's job title and compensation. He further contended that
while some KEIP Participants clearly appear not to be insiders, it
is difficult to assess whether at least five of the 14
presently-identified KEIP Participants are in fact not insiders.
Mr. Vara asserted that the Debtors must produce satisfactory
evidence that all KERP Participants are not insiders. Mr. Vara
alleged that the Debtors have not produced any evidence that the
performance targets under the KEIP provide a bona fide incentive
that is difficult to reach and that the Debtors may have actually
set the performance bar too low. He added that the KEIP is really a
disguised insider retention plan.

The Court held that the implementation of the key employee
incentive and retention plan is based on the Debtors' sound
business judgment and is justified by the facts and circumstances
of the Debtors' Chapter 11 cases.  The Court authorized the Debtors
to take all necessary actions to implement the plan and to make all
payments pursuant thereto.

Andrew R. Vara, Acting United States Trustee for Region 3, is
represented by:

          Mark S. Kenney, Esq.
          OFFICE OF THE UNITED STATES TRUSTEE
          J. Caleb Boggs Federal Building
          844 King Street, Suite 2207, Lockbox 35
          Wilmington, DE 19801
          Telephone: (302)573-6491
          Facsimile: (302)573-6497

                       About Quiksilver Inc.

Quiksilver, Inc., and its affiliates filed Chapter 11 bankruptcy
petitions (Bankr. D. Del., Case Nos. 15-11880 to 15-11890) on
Sept. 9, 2015. Andrew Bruenjes signed the petition as chief
financial officer.  The Debtors disclosed total assets of $337
million and total debts of $826 million.

Skadden, Arps, Slate, Meagher & Flom LLP is serving as the
Debtors' legal advisor, FTI Consulting, Inc. as their
restructuring advisor, and Peter J. Solomon Company as their
investment banker.  Kurtzman Carson Consultants LLC acts as the
Debtors' claims and noticing agent.

The Debtors' First Amended Joint Chapter 11 Plan of Reorganization

provides that on the effective date, Reorganized Quiksilver will
issue new common stock to be distributed as follows: (a) first,
19%
to holders of Allowed Secured Notes Claims; (b) second, up to 77%
to Rights Offering Participants; and (c) third, 4% to the Backstop
Parties.  As of the Effective Date, the anticipated value of the
New Quiksilver Common Stock will be approximately $276 million.

The U.S. trustee overseeing the Chapter 11 cases of Quiksilver
Inc. and its affiliates appointed seven members to the official
committee of unsecured creditors.  The Committee tapped Akin Gump
Strauss Hauer & Feld LLP, and Pepper Hamilton LLP as its
co-counsel as co-counsel; Province Inc. as its financial advisor
and PJT Partners Inc. as investment banker.


RDIO INC: Gets Nod to Tap $3M Loan to Facilitate Sale Transaction
-----------------------------------------------------------------
Jonathan Randles at Bankruptcy Law360 reported that a California
bankruptcy judge on Dec. 10, 2015, approved a financing package
that will allow music streaming service Rdio to tap into a $3
million loan, funding that will help fund the company's operations
during Chapter 11 as it prepares to complete a sale of its assets
to Pandora Media.  U.S. Bankruptcy Judge Dennis Montali approved
Rdio's request for postpetition financing which includes the
debtor-in-possession loan provided by Iconical investments II LP.

                        About Rdio, Inc.

Rdio, Inc., was founded in 2008 as a digital music service.  The
business operations were launched in 2010 after Rdio secured all of
the major record label rights.  Since that time, Rdio has strived
to grow into a world wide music service, and today is in
approximately 86 countries.

Rdio, Inc., filed Chapter 11 bankruptcy petition (Bankr. N.D.
Calif. Case No. 15-31430) on Nov. 16, 2015, with a deal in place to
sell the company to Pandora Media.  The petition was signed by
Elliott Peters as senior vice president.  Judge Dennis Montali has
been assigned the case.

The Debtor estimated assets in the range of $50 million to $100
million and liabilities of more than $100 million.  

Levene, Neale, Bender, Yoo & Brill LLP serves as the Debtor's
counsel.



REXFORD PROPERTIES: Seeks to Obtain $2-Mil. DIP Loan
----------------------------------------------------
Rexford Properties LLC seeks authority from the U.S. Bankruptcy
Court Central District of California, San Fernando Valley Division,
to obtain debtor-in-possession financing in the amount of $2.0
million from The 1979 Ehrlich Investment Trust.

The Debtor seeks approval to draw down an initial amount of 30% of
the contract price of the Construction Contract, as an initial
deposit with WhiteWater West Industries Ltd., to construct the
replacement structure for the Kid's Key Largo Lagoon which is
currently estimated to be $216,367.

The Debtors propose to grant the DIP Loan priority over other
administrative expenses and secured by a lien on property of the
estate that is not otherwise subject to a lien.

To preserve the going concern value of its business operations, the
Debtor asks the Court's authority to enter into a contract for the
construction of the replacement attraction, together with related
contracts for site improvements and installation of the
attraction.

The Debtor asserts that the proposed DIP Loan will benefit the
estate as it will enable the completion of the repairs, which will
allow the Debtor to operate at its normal, full capacity for the
full 2016 operating season.  Without the repairs, a significant
portion of the Waterpark will have to be closed, and the strong
likelihood would be that the closure would result in decreased
attendance and revenue to the point where the Waterpark would
operate at a significant loss.  Similarly, the Debtor believes that
attendance and revenue will be increased by the publicity generated
by a brand new attraction, which increased revenues will help the
Debtor repay the DIP Loan.

Shadi Mahmoudi, Esq., an associate with the law firm Sheppard
Mullin Richter & Hampton, LLC, counsel to the Debtor, filed a
declaration regarding service of the Debtor's motion for interim
and final orders approving the DIP Financing.

Donald Crasnick, currently the trustee of four trusts, including
the 1979 Ehrlich Investment Trust, filed a declaration in support
of the Debtor's request for authority to obtain DIP financing.  Mr.
Crasnick relates that the 1979 Trust is an irrevocable trust and
that the proposed new $2 million loan should be made only if the
loan was secured by a first-priority lien on the Debtor's assets
and otherwise be adequately protected to ensure the loan is fully
repaid consistent with rights afforded to lenders willing to make
such loans to operating companies in bankruptcy.

Gary Torrell, Esq., a principal and shareholder of Valensi Rose,
PLC, filed a declaration in support of the Debtor's DIP financing
request.  Mr. Torrell avers that during his negotiations with the
Debtor's counsel, a settlement was reached wherein the Debtor
agreed to an interest-only payments, prior to loan maturity, to
facilitate the Debtor's intentions to exit bankruptcy with
sufficient liquidity and maintain its business operations.

                        USF&G Objects

United States Fidelity & Guaranty Company opposes the Debtor's
motion alleging that the Debtor had not shown the necessity and
appropriateness of the Proposed Financing.  Moreover, USF&G
complains that the Debtor had not shown its ability to pay the
proposed loan.  USF&G considered that the ultimate outcome of the
proposed loan will be that the Trust will foreclose, the Ehrlich
family will retain the Debtor's assets free of the current
liabilities, and the Debtor will have no assets with which to pay
USF&G and its other unsecured creditors, USF&G asserts.

USF&G, in a supplement objection, points out that the Debtor's
managing member, Lisa Ehrlich, was biased with regard to the
Proposed Financing considering that the proposed Lender, the 1979
Trust, is closely related to the Debtor.  USF&G further points out
that Ms. Ehrlich holds a 38% membership interest in the Debtor and
also holds 50% of the beneficial interest in the 1979 Trust.

The proposed financing is nothing more than an attempt by the
Ehrlich family interests to retain Debtor's assets without the
burden of USF&G's judgment, USF&G asserts.

In response to USF&G's objection, the Debtor tells the Court that
it has made efforts to reach out to several sources of alternative
financing prior to the initial interim hearing.  Among those
contacted were the Union Bank, California Bank of Commerce and
Business Capital, but none have offered to give financing on an
unsecured basis, and none on equal or better terms than that
offered by the Lender.

The Debtor also asserts that USF&G's argument of its inability to
repay the DIP Loan is inaccurate.  The Debtor maintains that its
prior performance of the Waterpark evidenced an ability to repay
the DIP Loan.  Also, its projected increased revenue and decreased
expenses that the Waterpark will experience as a result of the
construction funded by the DIP Loan will further bolsters the
Debtor's economic outlook, the Debtor asserts.

The Debtor is represented by:

         Alan M. Feld, Esq.
         Michael M. Lauter, Esq.
         Robert K. Sahyan, Esq.
         Shadi Mahmoudi, Esq.
         SHEPPARD, MULLIN, RICHTER & HAMPTON LLP
         A Limited Liability Partnership
         Including Professional Corporations
         333 South Hope Street, 43rd Floor
         Los Angeles, California 90071-1422
         Telephone: 213.620.1780
         Facsimile: 213.620.1398
         Email: afeld@sheppardmullin.com
                mlauter@sheppardmullin.com
                rsahyan@sheppardmullin.com
                smahmoudi@sheppardmullin.com

The 1979 Ehrlich Investment Trust is represented by:

         Gary F. Torrell, Esq.
         VALENSI ROSE, PLC
         1888 Century Park East, Suite 1100
         Los Angeles, California 90067-1715
         Telephone: (310) 277-8011
         Facsimile: (310) 277-1706
         E-Mail: gft@vrmlaw.com

United States Fidelity & Guaranty Company is represented by:

         Gerald N. Sims, Esq.
         Peter L. Duncan, Esq.
         Susan C. Stevenson, Esq.
         PYLE SIMS DUNCAN & STEVENSON
         A Professional Corporation
         401 B Street, Suite 1500
         San Diego, CA 92101
         Telephone: (619) 687-5200
         Facsimile: (619) 687-5210
         Email: jerrys@psdslaw.com
                peterd@psdslaw.com
                sstevenson@psdslaw.com

            -- and --

         Miles D. Grant, Esq.
         Ashley Naporlee, Esq.
         THE GRANT LAW FIRM
         1331 India Street
         San Diego, CA 92101
         Telephone: (619) 233.7078
         Email: miles@grantlawyers.com
                ashley@grantlawyers.com

                   About Rexford Properties

Valley Village, California-based Rexford Properties LLC filed for
Chapter 11 protection (Bank. C.D. Calif. Case No. 15-12116) on June
16, 2015.  The petition was signed by Lisa Ehrlich, managing
member.

Bankruptcy Judge Martin R. Barash presides over the case.  Michael
M. Lauter, Esq., at Sheppard Mullin Richter & Hampton LLP
represents the Debtor in its restructuring effort.

The Debtor disclosed total assets of $1,107,620 plus a unknown
amount and total liabilities of $12,883,441.

A meeting of creditors in the Debtor's case was held on July 30,
2015.  The last day to oppose discharge or dischargeability is
Sept. 28.


RITE AID: Gets Second Information Request From FTC Under HSR Act
----------------------------------------------------------------
Walgreens Boots Alliance, Inc., and Rite Aid Corporation announced
that, as expected, the two companies have each received a request
for additional information from the Federal Trade Commission in
connection with Walgreens Boots Alliance's proposed acquisition of
Rite Aid.  The second request was issued under notification
requirements of the Hart-Scott-Rodino Antitrust Improvement Act of
1976, as amended.  This second request is a standard part of the
regulatory process in connection with the FTC's review.

The transaction, which was announced Oct. 27, 2015, is subject to
approval of Rite Aid's stockholders and satisfaction of other
customary closing conditions, including expiration or termination
of the waiting period under the HSR Act.  The effect of the second
request is to extend the waiting period imposed by the HSR Act
until 30 days after Walgreens Boots Alliance and Rite Aid have
substantially complied with the request, unless that period is
extended voluntarily by the parties or terminated sooner by the
FTC.  Walgreens Boots Alliance and Rite Aid have been cooperating
with the FTC staff since shortly after the announcement of the
proposed acquisition.  Both companies expect the transaction to
close in the second half of calendar 2016.

                      About Rite Aid Corp.

Rite Aid is a drugstore chain with 4,570 stores in 31 states and
the District of Columbia.

The Company disclosed in its annual report for the year ended
Feb. 28, 2015, that it is highly leveraged.  Its substantial
indebtedness could limit cash flow available for its operations and
could adversely affect its ability to service debt or obtain
additional financing if necessary.

As of Aug. 29, 2015, the Company had $11.97 billion in total
assets, $11.5 billion in total liabilities and $430 million in
total stockholders' equity

                           *     *     *

In March 2015, Moody's Investor Service confirmed its 'B2'
Corporate Family Rating of Rite Aid.  The confirmation reflects
Moody's expectation that Rite Aid will maintain debt to EBITDA
below 7.0 times after closing the acquisition of Envision
Pharmaceutical Holdings, Inc.

As reported by the TCR on Oct. 2, 2013, Standard & Poor's Ratings
Services said it raised its ratings on Rite Aid, including the
corporate credit rating, which S&P raised to 'B' from 'B-'.

In April 2014, Fitch Ratings upgraded its ratings on Rite Aid,
including its Issuer Default Rating to 'B' from 'B-'.  The upgrades
reflect the material improvement in the company's operating
performance, credit metrics and liquidity profile over the past 24
months.


SABLE NATURAL: Losses, Deficit Cast Going Concern Doubt
-------------------------------------------------------
Sable Natural Resources Corporation (OTCUS: SNRE) incurred a net
loss of $547,369 during the three months ended September 30, 2015,
compared to a net loss of $756,138 for the same period in 2014.  

"For the nine months ended September 30, 2015, we incurred a net
loss of $3,283,863, and have an accumulated deficit totaling
$27,087,243, all of which casts substantial doubt about the
company's ability to continue as a going concern," Michael K.
Galvis, chief executive officer of the company, stated in a
regulatory filing with the U.S. Securities and Exchange Commission
on November 12, 2015.  

Mr. Galvis told the SEC, "We cannot be certain that our existing
sources of cash will be adequate to meet our liquidity
requirements, including cash requirements that may be due under
existing debt obligations as well as amounts due to our vendors in
the normal course of business.  Our subsidiary, Sable Operating
Company has filed for Chapter 11 bankruptcy.  

"The company's ability to continue as a going concern is dependent
upon its ability to generate future profitable operations and/or to
obtain the necessary financing from shareholders or other sources
to meet its obligations and repay its liabilities arising from
normal business operations when they come due.

"We intend to seek substantial sources of liquidity.  In addition,
management has implemented plans to improve liquidity through cash
flows generated from development of new business initiatives within
the energy & natural resources industry and improvements to results
from existing operations.

"We are currently in default on substantially all of our debt
obligations, and are seeking ways to restructure the company to
satisfy our creditors.  There can be no assurance that we will be
successful with our plans or that our results of operations will
materially improve in either the short-term or long-term and
accordingly, we may be unable to meet our obligations as they
become due."

At September 30, 2015, the company had total assets of $14,822,895,
total liabilities of $20,541,433, and total stockholders' deficit
of $6,955,406.

A full-text copy of the company's quarterly report is available for
free at: http://tinyurl.com/z5nczpw

Sable Natural Resources Corporation (OTCUS: SNRE) is an independent
oil and gas company focused on the acquisition and exploration of
unconventional liquids rich gas and oil reserves in the Fort Worth
Basin.  The Company maintains its headquarters in Dallas.



SIGA TECHNOLOGIES: Files Reorganization Plan to Exit Bankruptcy
---------------------------------------------------------------
PharmAthene, Inc. on Dec. 15 disclosed that SIGA Technologies,
Inc., filed with the U.S. Bankruptcy Court for the Southern
District of New York a reorganization plan that sets out the terms
and conditions under which SIGA will seek to exit from bankruptcy.
The plan filed was negotiated between SIGA and the Statutory
Creditor's Committee of which PharmAthene is a member.  The plan is
subject to approval by the bankruptcy court, on a timeline to be
determined.

A copy of the plan is available at http://is.gd/2IkxmG

                        About PharmAthene

PharmAthene is a biodefense company engaged in the development of
next generation medical countermeasures against biological and
chemical threats.  The Company's development portfolio includes two
next generation Anthrax vaccines that are intended to improve
protection while having favorable dosage and storage requirements
compared other Anthrax vaccines.

On January 15, 2015, the Delaware Court of Chancery issued its
Final Order and Judgment in PharmAthene's litigation against SIGA.
The Court of Chancery awarded to PharmAthene lump sum expectation
damages for the value of PharmAthene's lost profits for SIGA's
smallpox antiviral, Tecovirimat, also known as ST-246(R) (formerly
referred to as "Arestvyr(TM)" and referred to by SIGA in its recent
SEC filings as "Tecovirimat").  In addition, the Court of Chancery
ordered SIGA to pay pre-judgment interest and varying percentages
of PharmAthene's reasonable attorneys' and expert witness fees.
SIGA filed a notice of appeal with the Delaware Supreme Court in
which it challenged various findings of the Court of Chancery and
sought to set aside the Final Order and Judgment, and PharmAthene
filed a notice of cross-appeal. On October 7, 2015 oral arguments
in SIGA's appeal and PharmAthene's cross-appeal were heard in the
Delaware Supreme Court. There can be no assurances that the
Delaware Supreme Court will rule in PharmAthene's favor.
PharmAthene's ability to collect a monetary judgment from SIGA
remains subject to that appeal and further proceedings in the
Bankruptcy Court.

                    About SIGA Technologies

Publicly held SIGA Technologies, Inc., with headquarters in Madison
Avenue, New York, is a biotech/pharmaceutical company that
specializes in the development and commercialization of solutions
for serious unmet medical needs and biothreats.  SIGA's lead
product is Tecovirimat, also known as ST-246, an orally
administered antiviral drug that targets orthopoxviruses.

SIGA sought Chapter 11 bankruptcy protection (Bankr. S.D.N.Y. Case
No. 14-12623) on Sept. 16, 2014, in Manhattan.  The case is
assigned to Judge Sean H. Lane.

The Debtor has tapped Weil, Gotshal & Manges LLP, as counsel, and
Prime Clerk LLC as claims agent.

The Debtor's Chapter 11 plan and disclosure statement are due May
14, 2015.

The Debtor disclosed total assets of $131,669,746 and $7,954,645 in
liabilities as of the Chapter 11 filing.

The Statutory Creditors' Committee is represented by Martin J.
Bienenstock, Esq., Scott K. Rutsky, Esq., and Ehud Barak, Esq., at
Proskauer Rose LLP.  The Committee tapped to retain Guggenheim
Securities, LLC, as its financial advisor and investment banker.


SLG INNOVATION: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: SLG Innovation, Inc.
        165 North Canal Street, Suite 1523
        Chicago, IL 60606

Case No.: 15-42182

Chapter 11 Petition Date: December 15, 2015

Court: United States Bankruptcy Court
       Northern District of Illinois (Chicago)

Judge: Hon. Janet S. Baer

Debtor's Counsel: Edmund G Urban, III, Esq.
                  URBAN & BURT LTD
                  5320 W 159th St
                  Oak Forest, IL 60452
                  Tel: 708-687-5200
                  Fax: (708) - 6875278
                  Email: iii@urbanburt.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Ed Burns, president and CEO.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/ilnb15-42182.pdf


SOURCEHOV LLC: S&P Lowers CCR to 'B-', Outlook Negative
-------------------------------------------------------
Standard & Poor's Ratings Services lowered its corporate credit
rating to 'B-' from 'B' on Coppell, Texas-based SourceHOV LLC.  The
outlook is negative.

Concurrently, S&P lowered its issue-level rating to 'B-' from 'B'
on the company's $780 million first-lien senior secured term loan
due 2020 and $75 million revolving credit facility due 2019.  The
recovery rating on these facilities is unchanged at '3', indicating
S&P's expectation for meaningful (50% to 70%; upper half of the
range) recovery in the event of a payment default.

In addition, S&P lowered its issue-level rating to 'CCC' from
'CCC+' on the company's $250 million second-lien term loan due
2021.  The recovery rating is unchanged at '6', indicating S&P's
expectation for negligible (0% to 10%) recovery in the event of
payment default.

"The rating action reflects SourceHOV's weaker-than-expected
operating performance in 2015, which has resulted in a deteriorated
liquidity profile and tight covenant cushion, and our view that the
company may breach its covenants if it underperforms our base case
assumptions," said Standard & Poor's credit analyst Minesh
Shilotri.

The negative outlook reflects S&P's view of a risk of covenant
breach over the next 12 months, given existing tight covenant
cushion, upcoming maximum leverage stepdowns, and
less-than-adequate liquidity.



SYNIVERSE HOLDINGS: Moody's Lowers CFR to B3, Outlook Negative
--------------------------------------------------------------
Moody's Investors Service has downgraded the corporate family
rating of Syniverse Holdings, Inc. to B3 from B2, and changed the
outlook to negative from stable.  The downgrade and change in
outlook reflects the company's heightened leverage, declining
operating performance, execution risk as technology standards
transition, and free cash flow that is low relative to debt.
Operating performance will likely remain weak as legacy businesses
decline and the company is unlikely to de lever easily given the
large debt balance outstanding.  In addition, foreign currency
headwinds are exacerbating Syniverse's challenges.  Moody's has
also downgraded all senior secured bank facilities to B2 from B1
and the senior unsecured notes to Caa2 from Caa1.

Downgrades:

Issuer: Syniverse Holdings, Inc.

  Probability of Default Rating, Downgraded to B3-PD from B2-PD
  Corporate Family Rating , Downgraded to B3 from B2
  Senior Secured Bank Credit Facility, Downgraded to B2 (LGD3)
   from B1 (LGD3)
  Gtd Senior Unsecured Regular Bond/Debenture, Downgraded to Caa2
   (LGD6) from Caa1 (LGD6)

Outlook Actions:

  Outlook, changed to negative from stable

RATINGS RATIONALE

The downgrade of Syniverse's corporate family rating to B3 from B2
and change in outlook to negative from stable reflects Moody's view
that leverage has risen faster than expected, is now very high, and
will remain well above 7.0 times (Moody's Adjusted) for the
foreseeable future as consolidated EBITDA continues to decline.
Volume declines and persistent pricing pressure throughout the CDMA
unit have material negative impact on the overall business, despite
efforts to offset the losses with acquisitions and cost cutting
measures.  As the high-margin CDMA business becomes a smaller
portion of Syniverse's top-line, Moody's projects leverage to rise
above 8x EBITDA (Moody's Adjusted) with no easy path to de-leverage
over our rating horizon.

Syniverse's B3 corporate family rating reflects its very high
leverage, declining operating performance despite acquisitions and
cost cutting measures, contract renewal risk, and execution risk as
technology standards transition.  In addition, Moody's believes
there is foreign currency headwinds, rising competitive threats,
and the risk of more aggressive financial policy.  Balancing these
risk factors is the scale of Syniverse's established business
serving a large and growing addressable market for cellular
carriers and enterprises.  In addition, the company consistently
generates strong cash flows supporting the company with very good
liquidity during this transitional period.

As of Sept. 30, 2015, Syniverse had approximately $124 million in
cash on its balance sheet.  Moody's expects Syniverse to generate
meaningful positive free cash flow in the next 12-18 months as
capital expenditures remain light.  Cash and cash flows more than
amply cover all of the company's mandatory payments.  The company
maintains a $150 million undrawn revolver and is subject to one
financial maintainence covevant, a net secured leverage test of
5.25x which steps down to 5.0x starting from June 30, 2016 if the
facility is drawn by 25%.  Moody's do not anticipate the company's
need to draw on the revolver during the next 12 months, however.

The negative outlook reflects Moody's expectation that the company
will continue to experience compression on revenues and earnings
due to fundamental weakness in the business, resulting in higher
leverage.

While an upgrade is unlikely in the near-term, positive rating
pressure could develop if leverage (Moody's adjusted Debt/EBITDA)
were to normalize under 6x and or free cash flow-to-debt rose above
7.5% on a sustained basis.  A rating upgrade would also be
considered upon the stabilization of the outlook with performance
visibility improved following upcoming contract renewals and
evidence the company is successfully executing its business
strategy as technology standards transition to the next
generation.

Moody's could lower the rating if leverage (Moody's adjusted
Debt/EBITDA) rises above 8.5x on a sustained basis and or free cash
flow approaches zero.  A rating downgrade would also be considered
if the company's liquidity deteriorated, financial policies turned
more aggressive including sizable debt-financed acquisitions or
shareholder returns, the company wasn't executing on the migration
to next generation technology standards, or rapid and unexpected
shifts in technology or regulations posed significantly greater
risk to the operating model.

The principal methodology used in these ratings was Business and
Consumer Service Industry published in December 2014.

Headquartered in Tampa, Florida, Syniverse Holdings, Inc. is a
leading provider of interoperability and network services for
wireless telecommunication carriers.  The company had revenues of
$879 million for the last twelve months ending Sept. 30, 2015.



TEXAS REGENCY: Court Approves $10.5-Mil. Regency Square Sale
------------------------------------------------------------
Texas Regency Apartments, L.P., sought and obtained from Judge
David R. Jones of the U.S. Bankruptcy Court for the Southern
District of Texas, Houston Division, authority to sell the real
property and improvements located at 7222 Bellerive Drive, Houston,
Texas 77036, commonly known as "Regency Square," to FCA Miami, LLC
and/or its assigns, free and clear of liens, claims and
encumbrances.

Regency Square is a 313 unit multi-family residential apartment
complex and is the only real estate asset of the Debtor. The Debtor
seeks to sell Regency Square for a total consideration of
$10,500,000.00.

The Contract for Sale contains these key terms, among others:

  (1) The Contract requires $350,000 in earnest money, payable as
follows:

      (a) $50,000 within 2 business days after the Effective Date.

      (b) $100,000 within two business days after the conclusion of
the Inspection Period.

      (c) $200,000 within two business days after Bankruptcy Court
approval of the proposed sale.

  (2) The Contract is subject to FCA Miami obtaining a loan in the
principal amount equal to at least 70% of the purchase price, to be
secured by a first mortgage on Regency Square.

  (3) The Debtor is to pay Cushman and Wakefield a real estate
brokerage commission, in accordance with a separate listing
agreement, of 1.2% of the total purchase price, or $125,000 at the
time of closing.

  (4) Estimated closing costs to be paid by the Debtor are
approximately $379,000, consisting of $125,000 in broker's
commission, approximately $224,000 in previous and pro rated ad
valorem taxes, and $30,000 in recording, attorney's fees and other
miscellaneous costs.

The Debtor related that the proposed sale of Regency Square is in
the best interest of the Debtor and the creditors of its estate, as
the price received will enable the Debtor to pay the maximum amount
possible to secured creditor TD Bank, N.A., along with the other
secured and unsecured creditors of the Debtor.  The Debtor further
related that there is a financing contingency in the Contract, but
FCA Miami is financially stout and its financial statement shows a
high level of sophistication.  The Debtor contends that while most
real property transactions propose to provide a 20% down payment,
FCA Miami intends to contribute 30% of the equity towards the
purchase of Regency Square, and borrow the remainder.

Texas Regency Apartments is represented by:

          Matthew Hoffman, Esq.
          Alan B. Saweris, Esq.
          LAW OFFICES OF MATTHEW HOFFMAN, P.C.
          Riviana Building
          2777 Allen Parkway, Suite 1000
          Houston, TX 77019
          Telephone: (713)654-9990
          Facsimile: (713)654-0038
          E-mail: mhoffman@tuckerlaw.com

                  About Texas Regency Apartments

Texas Regency Apartments, L.P., owner of the Regency Square
Apartments at 7222 Bellerive Dr., Houston, Texas, sought Chapter
11
protection (Bankr. S.D. Tex. Case No. 15-33188) in Houston, Texas,
on June 10, 2015.  Gordon Steele signed the petition chief
financial officer.  

Judge David R. Jones presides over the case.  The Debtor tapped
Matthew Hoffman, Esq., at the Law Offices of Matthew Hoffman,
P.C.,
as counsel.

The Debtor disclosed total assets of $11.1 million and total debts
of $11.4 million in its schedules.


U.S. CONCRETE: S&P Raises CCR to 'BB-', Outlook Stable
------------------------------------------------------
Standard & Poor's Ratings Services said it raised its corporate
credit rating on Euless, Texas-based U.S. Concrete Inc. to 'BB-'
from 'B+'.  The outlook is stable.

At the same time, S&P raised its issue-level rating on the
company's $200 million senior secured notes due 2018 to 'BB-' from
'B+'.  S&P has revised the recovery rating on the notes to '3' from
'4', indicating S&P's expectation of meaningful (50% to 70%, upper
end of range) recovery for bondholders in the event of a payment
default.

"The stable outlook reflects our expectation that U.S Concrete will
continue to improve vertical integration and its presence in
existing and new markets over the next 12 months," said Standard &
Poor's credit analyst Pablo Garces.  "We expect further EBITDA
growth due to improvements in commercial construction and public
infrastructure spending as well as incremental EBITDA growth
brought on via acquisitions.  In addition, we expect the company
will fund potential acquisitions in a manner that maintains its
strong liquidity position and its leverage at or below 3x."

S&P could consider raising the rating on U.S. Concrete if the
company continues to successfully execute its acquisition-driven
growth strategy, further improving its vertical integration and
market share in existing markets, as well as potentially new ones.
Under such a scenario, S&P could consider raising the rating if
such growth lead to debt to EBITDA leverage improving to and
consistently remaining in the mid-2x area and FFO-to-debt leverage
improving to and consistently remaining in the mid-30% area, levels
consistent with an "intermediate" financial risk profile.

S&P could lower its rating on U.S. Concrete if leverage approached
debt-to-EBITDA leverage of 4x or FFO to debt of 20%, or if the
company were unable to continue to maintain and improve its cash
flow measures, including liquidity and operating cash flow to debt.
Although a significant increase in debt-funded acquisitions could
likely cause such an event, this could also happen if commercial
construction activity fell short of forecasts.



UNIVERSAL INDUSTRIAL: Case Summary & 20 Top Unsecured Creditors
---------------------------------------------------------------
Debtor: Universal Industrial Supplies Inc.
        Box 7003
        Ponce, PR 00732

Case No.: 15-09895

Chapter 11 Petition Date: December 15, 2015

Court: United States Bankruptcy Court
       District of Puerto Rico (Ponce)

Judge: Hon. Edward A. Godoy

Debtor's Counsel: Modesto Bigas Mendez, Esq.
                  BIGAS & BIGAS
                  P.O. BOX 7462
                  Ponce, PR 00732
                  Tel: 787 844-1444
                  Fax: 787-842-4090
                  Email: modestobigas@yahoo.com

Estimated Assets: Not Indicated

Estimated Liabilities: Not Indicated

The petition was signed by Javier Bustillo Gonzalez, president.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/prb15-09895.pdf


UTSTARCOM HOLDINGS: Gu Guoping, et al., Own 31.7% of Shares
-----------------------------------------------------------
In a Schedule 13D filed with the Securities and Exchange
Commission, Gu Guoping, Shanghai Phicomm Communication Co., Ltd.,
Phicomm Technology (Hong Kong) Co., Limited, The Smart Soho
International Limited and Chongqing Liangjian New Area Strategic
Emerging Industries Equity Investment Fund Partnership disclosed
that as of Dec. 4, 2015, they beneficially own 11,739,932 ordinary
shares of UTStarcom Holdings Corp., representing 31.7 percent of
the shares outstanding.  A copy of the regulatory filing is
available for free at http://is.gd/hj9OH3

                       About UTStarcom, Inc.

UTStarcom, Inc. (Nasdaq: UTSI) -- http://www.utstar.com/-- is a
global leader in IP-based, end-to-end networking solutions and
international service and support.  The Company sells its
solutions to operators in both emerging and established
telecommunications markets around the world.  UTStarcom enables
its customers to rapidly deploy revenue-generating access services
using their existing infrastructure, while providing a migration
path to cost-efficient, end-to-end IP networks.  The Company's
headquarters are currently in Alameda, California, with its
research and design operations primarily in China.

UTStarcom reported a net loss of $30.3 million in 2014, a net loss
of $22.7 million in 2013 and a net loss of $34.4 million in 2012.

As of Sept. 30, 2015, the Company had $209.41 million in total
assets, $105 million in total liabilities and $104 million in total
equity.


VICTORY MEDICAL: Seeks Until Jan. 8 to File Ch. 11 Plan
-------------------------------------------------------
Victory Medical Center Mid-Cities, LP, et al., ask the U.S.
Bankruptcy Court for the Northern District of Texas, Fort Worth
Division, to further extend the exclusive period to file their plan
of reorganization for approximately 30 additional days, from
December 9, 2015, through January 8, 2016.

This is the Debtors' second request for an extension of the
Exclusivity Period.

The Debtors assert that they need an additional time to understand
the universe of claims against each Debtor entity in order to
properly formulate a plan.  The Debtors relate that they are in the
process of formulating a plan to collect the millions of dollars in
outstanding A/R that is owed, but do not expect to have this
finalized prior to the expiration of Debtors' Exclusivity Period to
file a plan due in large part because the universe of claims for
each debtor entity must be established as a foundation for a plan.

The Debtors are represented by:

         Edward L. Rothberg, Esq.
         Melissa A. Haselden, Esq.
         T. Josh Judd, Esq.
         HOOVER SLOVACEK LLP
         5051 Westheimer Suite 1200
         Houston, Texas 77056
         Phone: (713) 977-8686
         Fax: (713) 997-5395
         Email: rothberg@hooverslovacek.com
                haselden@hooverslovacek.com
                judd@hooverslovacek.com

              About Victory Healthcare

Victory Parent Company, LLC, and 8 affiliated companies sought
Chapter 11 protection in Fort Worth, Texas (Bankr. N.D. Tex.) on
June 12, 2015, in Ft. Worth, Texas.

Headquartered in The Woodlands, Texas, Victory Parent Company
manages six medical centers in Texas.  Founded in 2005, Victory
now
maintains medical centers offering emergency room services in
through Victory Medical Center Mid-Cities in Hurst, Victory
Medical
Center Plano, Victory Medical Center Craig Ranch in McKinney, and
Victory Medical Center Landmark in San Antonio. The company also
manages its Victory Medical Center Beaumont and Houston-East,
which
are not part of the Chapter 11 filing and will be sold separately.

The Debtors tapped Hoover Slovacek, LLP, as counsel; Epiq
Bankruptcy Solutions, LLC, as claims agent; and Baker, Donelson,
Bearman, Caldwell & Berkowitz, PC, as special counsel.


WELLS ENTERPRISES: Moody's Raises CFR to B1, Outlook Stable
-----------------------------------------------------------
Moody's Investors Service upgraded Wells Enterprises, Inc.'s
corporate family rating to B1 from B2 and its probability of
default rating to B1-PD from B2-PD.  The upgrade reflects Moody's
expectation that debt to EBITDA will approximate 2.5 times and
liquidity will remain good.  Moody's expectation is based on
actions the company took in 2015 to optimize its portfolio, rebrand
its product, increase operational efficiency, and reduce debt.
Concurrently, Moody's upgraded the senior secured notes to B2 from
B3.  The rating outlook is stable.

These ratings were upgraded:

   -- Corporate family rating to B1 from B2
   -- Probability of default rating to B1-PD from B2-PD
   -- Senior secured notes due 2020 to B2 (LGD4) from B3 (LGD 4)

The ratings outlook is stable.

RATINGS RATIONALE

Wells' B1 corporate family rating reflects the company's small
scale relative to the two global ice cream market leaders, its lack
of geographic diversity with concentration in the U.S., its lack of
product diversity with a sole focus on ice cream products, low
margins, and high customer concentration.  The rating also reflects
good financial leverage and interest coverage metrics, a solid
position in private label, and good liquidity.  Moody's forecast of
continued good leverage and interest coverage metrics plus good
liquidity are key factors supporting their credit quality
assessment of B1.

The stable ratings outlook reflects Moody's expectation that the
company will continue to have limited geographic, product, and
customer diversification while credit metrics and liquidity remain
good.

A downgrade could occur if the company experiences an erosion of
its market position or a decline in its private label business.  A
downgrade could also occur if liquidity deteriorates or if debt to
EBITDA is sustained above 3.0 times.

An upgrade could occur if the company profitability grows revenue,
diversifies its products, reduces customer concentration, and
improves operating margins while maintaining good credit metrics
and liquidity.

The principal methodology used in these ratings was Global Packaged
Goods published in June 2013.

Headquartered in Le Mars, Iowa, family-owned Wells Enterprises
manufactures ice cream from two locations in Le Mars, Iowa for sale
to customers throughout the United States.  The company sells both
branded products and private label products accounting for
approximately 58% and 42% of net sales respectively. Net sales were
$1.0 billion for the twelve months ended Oct. 3, 2015.



WEST CORP: THL Managing Director Resigns From Board
---------------------------------------------------
In connection with West Corporation's compliance with certain board
of director independence requirements under the Nasdaq Marketplace
Rules, Soren L. Oberg, a managing director of Thomas H. Lee
Partners, L.P. resigned from the Board of Directors  of West
Corporation.

The Company said Mr. Oberg resigned in order to allow Donald M.
Casey Jr. to join the Board as an independent director and to align
THL's board representation with its current equity ownership of the
Company.  Mr. Oberg's resignation did not involve any disagreement
with the Company, the Company's management or the Board, and at the
time of his resignation, Mr. Oberg was not a member of any of the
Board's standing committees.  Following Mr. Oberg's resignation and
Mr. Casey's election, the Board of Directors of the Company now
consists of the following nine directors: Lee Adrean, Thomas B.
Barker, Donald M. Casey, Jr., Anthony J. DiNovi, Michael A. Huber,
Paul R. Garcia, Laura A. Grattan, Diane E. Offereins and Gregory T.
Sloma.

On Dec. 14, 2015, the Board elected Mr. Casey as a member of the
Board to a term expiring at the annual meeting of stockholders to
be held in 2018.  Mr. Casey has served as chief executive officer,
Medical segment for Cardinal Health, Inc., a healthcare services
company, since April 2012.  Before joining Cardinal Health, Mr.
Casey served as chief executive officer of the Gary and Mary West
Wireless Health Institute, a non-profit research organization
focused on lowering the cost of healthcare through novel technology
solutions, from March 2010 to March 2012.  Previously, Mr. Casey
served as worldwide chairman for Johnson & Johnson's comprehensive
care group.  Mr. Casey serves on the boards of Surgical Specialties
(formerly AngioTech), AdvaMed and The James Foundation.

The Board has determined that Mr. Casey is independent in
accordance with the requirements of the NASDAQ Stock Market.  Mr.
Casey will receive the compensation established by the Company from
time-to-time for non-employee directors (excluding non-employee
directors affiliated with the Company's sponsors), including an
annual cash retainer fee of $75,000 and an equity grant of shares
of the Company's common stock with a fair market value equal to
$100,000.

                   About West Corporation

Omaha, Neb.-based West Corporation is a global provider of
communication and network infrastructure solutions.  West helps
manage or support essential enterprise communications with services
that include conferencing and collaboration, public safety
services, IP communications, interactive services such as automated
notifications, large-scale agent services and telecom services.

West Corp reported net income of $158 million in 2014 following net
income of $143 million in 2013.

As of Sept. 30, 2015, the Company had $3.55 billion in total
assets, $4.15 billion in total liabilities and a $596 million
stockholders' deficit.

                       Bankruptcy Warning

"If we cannot make scheduled payments on our debt, we will be in
default, and as a result:

   * our debt holders could declare all outstanding principal and
     interest to be due and payable;

   * the lenders under our Senior Secured Credit Facilities could
     terminate their commitments to lend us money and foreclose
     against the assets securing our borrowings; and

   * we could be forced into bankruptcy or liquidation," the    
     Company states in the quarterly report for the period ended
     Sept. 30 ,2015.

                          *     *     *

As reported by the TCR on June 21, 2013, Standard & Poor's Ratings
Services raised its corporate credit rating on West Corp. to 'BB-'
from 'B+'.  The upgrade reflects Standard & Poor's view that lower
debt leverage and a less aggressive financial policy will
strengthen the company's financial profile.

In the April 4, 2013, edition of the TCR, Moody's Investor Service
upgraded West Corporation's Corporate Family Rating to 'B1' from
'B2'.  "The CFR upgrade to B1 reflects West's shift to a more
conservative capital structure and financial policies as a publicly
owned company," stated Moody's analyst Suzanne Wingo.


YUM! BRANDS: Moody's Lowers CFR to Ba3, Outlook Negative
--------------------------------------------------------
Moody's Investors Service downgraded Yum! Brands, Inc.'s Corporate
Family Rating to Ba3 from Ba1, Probability of Default Rating to
Ba3-PD from Ba1-PD, senior unsecured notes to B1 from Ba1, and
guaranteed senior unsecured bank rating to Baa3 from Baa2.  In
addition, Moody's assigned Yum an SGL-1 Speculative Grade Liquidity
Rating.  The ratings outlook is negative.  This concludes Moody's
review that was initiated on Oct. 20, 2015.

The downgrade was prompted by Yum's announcement that it is
committed to returning substantial capital to shareholders in
conjunction with the planned separation of its Yum China Division
(Yum China) that is expected to result in unadjusted leverage of
approximately 5 times.  The negative outlook reflects Moody's
concerns regarding Yum's credit metrics longer term once its
ultimate capital structure is in place and the spin-off of Yum
China is complete.  Yum expects to separate Yum China into an
independent publicly-traded company through a distribution to
shareholders by the end of 2016.  Moreover, prior to the separation
of its China division, Yum plans to issue approximately $6 billion
of additional debt to help fund shareholder returns, although
details regarding a permanent capital structure are not yet known.

"Overall, Moody's views Yum's public commitment to returning
substantial capital to shareholders and funding the substantial
majority of this initiative with debt as the adoption of a
significantly more aggressive financial policy in favor of
shareholders that is expected to result in a highly leveraged
capital structure and limited financial flexibility." stated
Moody's Senior Credit Officer Bill Fahy.

Ratings downgraded are:

   -- Corporate Family Rating to Ba3 from Ba1
   -- Probability of Default Rating to Ba3-PD from Ba1-PD
   -- Senior Unsecured notes ratings to B1 (LGD4) from Ba1 (LGD 4)
   -- Senior Unsecured Shelf rating to (P)B1 from (P)Ba1
   -- Senior Unsecured Guaranteed Bank Credit Facility rating to
      Baa3 (LGD 1) from Baa2 (LGD 2)

Ratings assigned are:

  SGL-1 Speculative Grade Liquidity Rating

RATINGS RATIONALE

The Ba3 CFR reflects Yum's significant scale, geographic reach,
brand diversity and franchise based business model which helps to
add stability to revenues and earnings as compared to some other
restaurant operators and reduces overall capital requirements.  The
ratings also factor in the reduced earnings volatility that should
result from separating Yum China to a franchise licensing fee and
the company's very good liquidity.  The ratings also incorporate
Yum's aggressive financial policy that will result in a material
deterioration in credit metrics as it increases debt and completes
its target of returning about $6.2 billion to shareholders by the
end of 2016.

Yum's SGL-1 Speculative Grade Liquidity rating indicates very good
liquidity.  Despite a significant dividend payout and an
expectation of higher interest costs and material capex
requirements Moody's believes annual free cash flow generation will
remain material.  The SGL-1 also incorporates our view that Yum
will maintain sufficient cash balances and access to a revolving
credit facility that provides an adequate source of external
liquidity.

The negative outlook reflects Moody's concerns regarding Yum's
credit metrics longer term once its ultimate capital structure is
in place and the separation of Yum China is complete.

Yum's ratings could be downgraded in the event operating
performance declined or the company's financial policies resulted
in a sustained deterioration in credit metrics with debt/EBITDA
above 5.5 times or EBIT/Interest below 2.5 times.  An upgrade would
require a demonstrated improvement in Pizza Hut and continued
improvement in KFC and Taco Bell that resulted in debt to EBITDA
below 4.75 times and EBIT to Interest above 3.0 times on a
sustained basis.  Maintaining good liquidity would also be required
for an upgrade.

Yum! Brands, Inc. headquartered in Louisville, Kentucky, is an
owner, operator and franchisor of quick service restaurants with
brands that include KFC, Taco Bell, and Pizza Hut.  Revenues for
the LTM period ending September 5, 2015 were over $13 billion.

The principal methodology used in these ratings was Restaurant
Industry published in September 2015.



ZLOOP, INC: Hickory Settlement, $885K Sale of Property Approved
---------------------------------------------------------------
ZLOOP, Inc., and its affiliated debtors sought and obtained from
Judge Kevin J. Carey of the U.S. Bankruptcy Court for the District
of Delaware approval of their settlement agreement with Hickory
Commercial, LLC, and the sale of certain real property.
The Debtors related that their estates hold potential claims and
causes of action against certain third parties, such as one claim
involving the purchase and ownership by Hickory of certain real
estate in Hickory, North Carolina that is leased by Zloop, Inc. The
Debtors further related that Zloop, Inc. is investigating whether
such property should have been purchased by Zloop, Inc. or a
subsidiary of Zloop, Inc.  The Debtors told the Court that rather
than engage in extensive and costly investigation and litigation,
the Debtors and Hickory have agreed to resolve the issue in a way
that gives the Debtors the value of success in litigation without
the costs and delay associated with litigation.

The modified settlement agreement, as approved by the Court,
contains the following terms and conditions, among others:

   (a) Conveyance of Beneficial Title to the Property.  The
Settlement Counterparties will convey, assign, and transfer to
Zloop, Inc. all of the Settlement Counterparties' beneficial right,
title, and interest in and to (i) the Property, (ii) in the event
the Proposed Purchaser submits the highest or otherwise best offer
accepted by the Debtors, effective upon the closing of such sale,
the Purchase and Sale Agreement and (iii) any earnest money deposit
relating to the Purchase and Sale Agreement. The beneficial
interest in the Property shall be conveyed to ZLOOP, Inc. Hickory
and ZLOOP, Inc., as sellers, shall execute and deliver at closing
the deed, as is-where is, without representation or warranty of any
kind, to convey both legal and beneficial title to the Property to
the buyer.

   (b) Permitted Encumbrances.  The conveyance, assignment, and
transfer of the beneficial interest in the Property shall be
subject only to (i) the Agreement for Purchase and Sale of Real
Property, dated as of Sept. 23, 2015, by and between Hickory, as
seller, and Mark and Jessica Hingson, as buyer ("Proposed
Purchaser"), pursuant to which the Proposed Purchaser has agreed to
purchase the Property for a purchase price of $885,000 on the terms
and conditions set forth therein, only in the event the Proposed
Purchaser submits the highest or otherwise best offer accepted by
the Debtors, effective upon the closing of such sale and (ii) a
certain Purchase Money Deed of Trust, dated as of July 2, 2014,
executed and delivered by Hickory in favor of Sky Top pursuant to
which Sky Top was granted a first lien in the Property to secure
certain indebtedness of Hickory under a Purchase Money Promissory
Note, in the original principal amount of $593,000.

   (c) Waiver and Release of Lease-Related Claims.  Each of the
Settlement Counterparties agrees to forever release, discharge, and
acquit each of the Debtors and their estates from any and all
causes of action and claims arising out of or relating to the
Lease, including any claims for unpaid rent, maintenance,
utilities, taxes, or similar obligations and any claims for damages
arising out of the rejection of such Lease by the Debtors.

   (d) Release.  The Settlement Agreement, as modified, does not
provide for a release of any claims or causes of action of the
Debtors' estates against the Settlement Counterparties, or any of
them.

The Debtors contended that the Property is encumbered by (i) a
first lien deed of trust in favor of a secured lender, Sky Top
Holdings, LLC ("Sky Top"), (ii) an executed purchase and sale
agreement under which an unrelated, third party has agreed to
purchase the real property through a general warranty deed for a
purchase price of $885,000 and (iii) a lease under which Zloop,
Inc. is the tenant.  The Debtors believed that this purchase and
sale agreement is on fair terms and that the purchase price is
reasonable and was negotiated at arms' length, but nevertheless,
sought authority to sell the Property to the party submitting the
highest or otherwise best offer through a cost-efficient, private
process to be run by the CRO in consultation with the Official
Committee of Unsecured Creditors ("Committee").  The Debtors
related that the net proceeds of this sale transaction will be used
to pay or reserve for the payment of Sky Top's allowed secured
claim, with any remaining amount to be recovered as unencumbered
assets owned by the Debtors' estates.  The Debtors have determined
that they no longer require use of the Property, and rejection of
the Lease under Section 365 of the Bankruptcy Code is in the best
interest of their estates and will allow the sale of the property
to be consummated free and clear of the Debtors' leasehold
interests.

The Purchase and Sale Agreement contains, among others, these
relevant terms:

     (a) Seller: Hickory

     (b) Proposed Purchaser: Mark and Jessica Hingson

     (c) Property: Approximately 5.83 acres of real property
located at 175 18th Street SE, Hickory, North Carolina.

     (d) Purchase Price: $885,000.

     (e) Earnest Money Deposit: $15,000.

     (f) Closing Date: On or before Dec. 22, 2015.

                       Objections to Motion

Objectors Kendall G. Mosing and Zloop LA, LLC contended that the
Debtors have not made an adequate disclosure of the relief that
they seek or the facts and circumstances related to that relief.
The Objectors further contended that the Debtors have not
demonstrated that the relief the Debtors seek should be approved.
They asserted that if the Court were to consider granting the
motion, the Debtors' proposed relief is incomplete.

Kendall G. Mosing and Zloop LA are represented by:                


          Paul N. Heath, Esq.
          Marcos A. Ramos, Esq.
          Zachary I. Shapiro, Esq.
          Robert C. Maddox, Esq.
          RICHARDS, LAYTON & FINGER, P.A.
          One Rodney Square
          920 North King Street
          Wilmington, DE 19801
          Telephone: (302)651-7700
          Facsimile: (302)651-7701
          E-mail: heath@rlf.com
                 ramos@rlf.com
                 shapiro@rlf.com
                 maddox@rlf.com

                - and -

          James H. Gibson, Esq.
          Charles M. Kreamer, Sr., Esq.
          ALLEN & GOOCH
          2000 Kaliste Saloom Road, Suite 400 (70508)
          Post Office Drawer 81129
          Lafayette, LA 70598
          Telephone: (337)291-1300
          Facsimile: (337)291-1305
          E-mail: jimgibson@allengooch.com
                 charleskreamer@allengooch.com

                 - and -

          David S. Rubin, Esq.
          KANTROW SPAHT WEAVER AND BLITZER
          445 North Blvd. Suite 300
          Baton Rouge, Louisiana 70802-5747
          Telephone: (225)383-4703
          Facsimile: (225)343-0630
          E-mail: david@kswb.com

ZLOOP, Inc. and its affiliated debtors are represented by:

          Stuart M. Brown, Esq.
          R. Craig Martin, Esq.
          Daniel N. Brogan, Esq.
          Kaitlin M. Edelman, Esq.
          DLA PIPER LLP (US)
          1201 North Market Street, Suite 1200
          Wilmington, DE 19801
          Telephone: (302)468-5700
          Facsimile: (302)394-2341
          E-mail: stuart.brown@dlapiper.com
                  craig.martin@dlapiper.com
                  daniel.brogan@dlapiper.com
                  kaitlin.edelman@dlapiper.com

                        About Oz Gas Ltd.

ZLOOP, Inc., and two affiliates sought Chapter 11 protection
(Bankr. D. Del. Case No. 15-11660) on Aug. 9, 2015.  

ZLOOP operates a proprietary, state of the art, 100% landfill free
eWaste recycling company headquartered in Hickory, North Carolina.

The Debtors tapped DLA Piper LLP as counsel.

As of the Petition Date, the Debtors' unaudited consolidated
balance sheet reflect total assets of approximately $25 million,
including the land and improvements, but excluding certain
commodity inventories that are the output of eWaste recycling, and
total liabilities of approximately $32 million.

On Sept. 2, 2015, the U.S. trustee overseeing the Debtors' Chapter
11 cases appointed Recycling Equipment Inc., E Recycling Systems
LLC and Carolina Metals Group to serve on the official committee of
unsecured creditors.  The committee is represented by Cole Schotz
P.C.


ZOHAR CDO 2003-1: Defies Lynn Tilton's Bid to Push It to Bankruptcy
-------------------------------------------------------------------
Peg Brickley, writing for Dow Jones' Daily Bankruptcy Review,
reported that Lynn Tilton's bid to push one of her debt-investing
vehicles into bankruptcy hit a snag this week when the structured
finance vehicle, dubbed Zohar I, pushed back.

According to the report, Ms. Tilton's Patriarch Partners
overstepped its rights when it filed an involuntary bankruptcy
petition targeting Zohar 1, a collateralized debt obligation that
bundles troubled company loans and sells securities to investors,
lawyers for the CDO said in court papers.  They asked that the
involuntary bankruptcy proceeding be thrown out, the report
related.

                      About Zohar CDO 2003-1

Patriarch Partners XV, LLC filed involuntary Chapter 11 bankruptcy
petitions against Zohar CDO 2003-1, Corp., Zohar CDO 2003-1,
Limited and Zohar CDO 2003-1, LLC (Bankr. S.D.N.Y. Case Nos.
15-23681 to 15-23682) on Nov. 22, 2015.

Patriarch's restructuring counsel is Skadden, Arps, Slate, Meagher
& Flom LLP and its financial advisor is Moelis & Co.


[*] Amendment to Debt Restructuring Law Pulled from Spending Bill
-----------------------------------------------------------------
Patrick Fitzgerald, writing for Dow Jones' Daily Bankruptcy Review,
reported that a controversial amendment to a Depression-era law
originally meant to protect mom-and-pop investors was pulled from
the spending bill before Congress, according to people familiar
with the matter.

According to the report, the dusty 1939 law, called the Trust
Indenture Act, for decades had been rarely employed as a result of
the modern bankruptcy code.  But it has featured in two big
restructuring cases in the past year, including Caesars
Entertainment Corp.'s reorganization, the report noted.
Bondholders that opposed Caesars out-of-court debt restructurings
used the law to successfully argue that their rights under the
bonds couldn't be stripped without their consent, the report said.
Bondholders also used the law in the debt restructuring of
for-profit college operator Education Management Corp., the report
added.


[*] Ex-Chapter 11 Trustee Timothy Gay Joins El Capitan's Board
--------------------------------------------------------------
El Capitan Precious Metals, Inc. on Dec. 4 announced the
appointment of Timothy J. Gay, CPA, CVA, to its Board of Directors.
The announcement comes on the heels of the announcement that
geologist Clyde L. Smith has joined the ECPN Board.

According to Board Chairman John F. Stapleton, the two new
appointments to the ECPN Board reflect the Company's commitment to
expanding and strengthening its Board of Directors.  Mr. Gay's
appointment is effective immediately.

With over 35 years of public accounting and management consulting
experience, Mr. Gay has been involved in management advisory with
public companies for SEC-related services and specializes in
mergers and acquisitions, bankruptcy reorganizations, expert
testimony, and business valuations.  He founded, organized, and
continues to facilitate the M&A Roundtable and has extensive
experience in providing guidance and services for financial
institutions related to mergers, acquisitions, and financing
alternatives.  In addition, Mr. Gay has served on the boards and
loan committees of financial institutions.

As founder of Tim Gay & Associates, Mr. Gay organized the
investment banking firms Cornelius & Gay and Cornelius, Gay & Korte
(CG&K).  He resigned his positions with CG&K in 2005 when he formed
the Sierra Consulting Group, LLC.  He has been appointed as an
Examiner by the U.S. Department of Justice and as a Chapter 7 and
Chapter 11 Trustee by the U.S. Bankruptcy Court and currently
serves as a Principal of Semple, Marchal & Cooper, LLC, where he
performs concurring partner reviews on SEC engagements.

Mr. Gay said that he is pleased to bring his experience and
expertise to the ECPN Board and believes he can contribute in
evaluating opportunities as the Board continues to execute the
Company's strategic plan.

Mr. Gay joins Stapleton and ECPN President and CEO Chuck Mottley --
along with new Board appointee Dr. Clyde Smith -- on the El Capitan
Board of Directors and will be introduced at the El Capitan Annual
Shareholder Meeting on March 22, 2016 in Scottsdale, Arizona.

            About El Capitan Precious Metals, Inc.

El Capitan Precious Metals, Inc. -- http://www.elcapitanpmi.com--
is a mining company based in Scottsdale, Arizona, that is
principally engaged in the mining of precious metals and other
minerals.  The Company's primary asset is its wholly owned
subsidiary El Capitan, Ltd., an Arizona corporation, which holds
the 100% equity interest in the El Capitan property located near
Capitan, New Mexico.


[*] Kramer Levin's Amy Caton Named as Law360 Bankruptcy MVP
-----------------------------------------------------------
Cara Salvatore at Bankruptcy Law360 reported that Kramer Levin
Naftalis & Frankel LLP's Amy Caton has spent the last year guiding
big-time bondholders through the shoals and reefs of Puerto Rico's
ongoing debt crisis.  Even as she waits to see where the Supreme
Court lands on the territory's shelved restructuring strategy,
Caton can bask in the glow of an innovative bond-exchange deal that
helped make her one of Law360's 2015 Bankruptcy MVPs.  Ms. Caton
has represented OppenheimerFunds Inc. and Franklin Templeton
Investments for years now.


[*] Low Oil Price on Threat of Prolonged Oversupply, Moody's Says
-----------------------------------------------------------------
Moody's Investors Service has significantly lowered its price
assumptions for Brent crude and West Texas Intermediate crude as
continued high levels of production by global oil producers has
significantly exceeded growth in oil consumption.  The potential
lifting of Iranian sanctions could add significant supply to the
market in 2016, offsetting or even exceeding expected declines in
US production.  The rating agency says this will lead to a
prolonged period of oversupply that will continue to keep oil
prices low.

Moody's has lowered its price assumption in 2016 for Brent crude
oil, the international benchmark, to $43 from $53 per barrel and
for West Texas Intermediate (WTI) crude, the North American
benchmark, to $40 from $48 per barrel.  The rating agency expects
both prices to rise $5 per barrel in 2017 and 2018, according to
the report "Oil and Natural Gas Industry -- Global: Threat of
Prolonged Oversupply Drives Prices Lower."

"OPEC oil producers continue to produce without restraint as they
compete for market share, exacerbating the currently saturated
markets," says Terry Marshall, a Moody's Senior Vice President.
"Russia has also greatly increased production, and the possibility
that sanctions will be lifted on Iran in 2016 could flood the
market with even more supply."

Moody's has also significantly reduced its medium-term price
assumptions for Brent and WTI, to $63 per barrel and $60 per
barrel, respectively.  These reductions reflect the rating agency's
view that the supply-demand equilibrium will eventually be reached
at around $63 per barrel for Brent, but only at the end of the
decade.  Despite the reduction, Moody's says that these prices
would still support some development of the world's most expensive
oil in an environment of lower development costs than in recent
years.

The rating agency has also lowered its price assumptions for North
American natural gas prices at Henry Hub to $2.25 per million
British thermal units (MMBtu) in 2016, $2.50/MMBtu in 2017 and
$2.75/MMBtu in 2018, a $0.50/MMBtu reduction for all from Moody's
previous assumptions.  Henry Hub is the industry's chief measure of
natural gas prices.

Moody's has also sharply lowered its assumptions for natural gas
liquids (NGLs), which tend to move in line with oil prices.  The
rating agency now forecasts NGL prices of $12 per barrel of oil
equivalent (boe) in 2016, $13.50/boe in 2017 and $15/boe in 2018,
with a medium-term price of $18/bbl, down from $25/bbl previously.

Moody's forecasts that global oil demand will rise by roughly 1.3
million barrels per day in 2016, an increase from its previous
assumptions as oil consumption picks up in countries such as the
US, China, India and Russia.

Ongoing increases in OPEC oil production have offset growing global
demand and led to a rapid build-up of oil inventories.  In October,
inventories in the Americas, Asia and Europe stood at 4.4 billion
barrels according to Energy Intelligence, compared with 3.8
billion-3.9 billion barrels in the last five years.

"Increasing consumption will not match the increase in supply,"
said Marshall.  "It will take time for these large global
inventories to unwind, and combined with the possibility of new
supply coming online from Iran, we expect oil prices to remain
lower for a longer period than previously anticipated."

Moody's updated price assumptions represent the baseline
approximations it uses to evaluate credit risk of companies in
multiple sectors.  Moody's periodically revises these assumptions
in order to better assess the future financial metrics of these
companies.



[*] Persistent Low Oil Prices Stress Oil & Gas Issuers, Moody's Say
-------------------------------------------------------------------
A prolonged period of oversupply will keep oil prices lower for
longer and continue to pressure issuers in the oil and gas industry
in 2016, particularly those in the exploration & production (E&P)
and drilling and oilfield services sectors (OFS), says Moody's
Investors Service.  As a result, the rating agency maintains its
negative outlook on the integrated oil & gas, E&P and OFS sectors.

The negative outlooks reflect further threats that would compound
the current oversupply, which include increased oil exports from
Iran in 2016 and the prospect of lower demand from China, the
world's largest consumer of commodities, as its economy slows.
"Low commodities prices and uncertainty about the pace of their
recovery will continue to limit exploration and production activity
in 2016, leading to spending cuts, stalled production growth and
volume declines," said Steve Wood, Moody's Managing Director of the
oil & gas team.  "And these cuts will in turn lead to lower revenue
for drilling and oilfield services companies, which will face
persistent equipment overcapacity and need to minimize capital
expenditures just to operate near break-even cost levels."

The integrated oil and gas sector will also need to further cut
capital expenditures in 2016 despite a 20% cut in 2015, as the
sector will have negative free cash flow through the next year,
according to "Oil and Gas -- Global: 2016 Outlook -- All Regions
and Sectors Facing Lower-for-Longer Environment."

However, Moody's maintains its stable outlook on the refining &
marketing and midstream subsectors.

Growth will flatten in the refining and marketing sector and slow
in midstream, but remain in positive territory.

"North American refiners have a structural advantage and will
benefit from better profit margins from turning crude oil into
refined petroleum products," added Wood.  "And although midstream
will face growing headwinds in 2016 as lower E&P spending makes its
way downstream, its investment in energy infrastructure will help
stabilize the sector."



[*] S&P Removes 4 Companies From "Under Criteria Observation"
-------------------------------------------------------------
Standard & Poor's Ratings Services said that its long-term
corporate credit ratings on investment holding companies Brookfield
Asset Management Inc., Compass Group Diversified Holdings LLC, HC2
Holdings Inc., and HRG Group Inc. were removed from "under criteria
observation" (UCO) where they had been placed Dec. 1, following the
publication of our investment holding company criteria.  S&P had
placed on UCO those companies as they fell within the scope of the
criteria.

Standard & Poor's has now reviewed the companies based on the
criteria.

As a result, Standard & Poor's has lowered its long-term corporate
credit rating on HC2 to 'B-' from 'B' and lowered its and
issue-level rating on the company's senior secured debt to 'B-'
from 'B'.  The '4' recovery rating on the debt is unchanged.

Standard & Poor' has also affirmed its long-term corporate credit
on Brookfield, Compass, and HRG (see ratings list).

RATING LIST

Ratings Lowered/Recovery Rating Unchanged

                              To               From
HC2 Holdings Inc.
  Corporate Credit Rating     B-/Stable/--     B/Stable/--    
  Senior secured              B-               B            
   Recovery Rating            4L               4L     

Ratings Affirmed

Brookfield Asset Management Inc.
Corporate credit rating                A-/Stable/A-2       

Compass Group Diversified Holdings LLC
Corporate credit rating                BB-/Stable/--       

HRG Group Inc.
Corporate credit rating                B/Stable/--       



[^] Recent Small-Dollar & Individual Chapter 11 Filings
-------------------------------------------------------
In re Inglewood Woman's Club, Inc.
   Bankr. D. Ariz. Case No. 15-15376
      Chapter 11 Petition filed December 3, 2015
         See http://bankrupt.com/misc/azb15-15376.pdf
         represented by: Benjamin Joseph Wright, Esq.
                         WRIGHT LAW OFFICES
                         E-mail: bwright@wloaz.com

In re Darren Eugene Wassell
   Bankr. N.D. Cal. Case No. 15-43688
      Chapter 11 Petition filed December 3, 2015

In re Richard Lee Fugett
   Bankr. N.D. Il. Case No. 15-41034
      Chapter 11 Petition filed December 3, 2015

In re Isaac Perry and Mary E. Perry
   Bankr. N.D. Ind. Case No. 15-12774
      Chapter 11 Petition filed December 3, 2015

In re Custom Bytes Inc of KY
   Bankr. W.D. Ky. Case No. 15-33890
      Chapter 11 Petition filed December 3, 2015
         See http://bankrupt.com/misc/kywb15-33890.pdf
         represented by: David M. Cantor, Esq.
                         SEILLER WATERMAN LLC
                         E-mail: cantor@derbycitylaw.com

In re LaHaye Enterprises, LLC
   Bankr. W.D. La. Case No. 15-51554
      Chapter 11 Petition filed December 3, 2015
         See http://bankrupt.com/misc/lawb15-51554.pdf
         represented by: H. Kent Aguillard, Esq.
                         E-mail: kaguillard@yhalaw.com

In re Paul Cab, Inc.
   Bankr. D. Mass. Case No. 15-14739
      Chapter 11 Petition filed December 3, 2015
         filed Pro Se

In re Ketterle Cab, Inc.
   Bankr. D. Mass Case No. 15-14741
      Chapter 11 Petition filed December 3, 2015
         See http://bankrupt.com/misc/mab15-14741.pdf
         represented by: John F. Sommerstein, Esq.
                         LAW OFFICES OF JOHN F. SOMMERSTEIN
                         E-mail: jfsommer@aol.com

In re Eva Andrade
   Bankr. D. Nev. Case No. 15-16746
      Chapter 11 Petition filed December 3, 2015

In re James Colby
   Bankr. S.D.N.Y. Case No. 15-23738
      Chapter 11 Petition filed December 3, 2015

In re Cavalry Security, Inc.
   Bankr. M.D. Tenn. Case No. 15-08679
      Chapter 11 Petition filed December 3, 2015
         See http://bankrupt.com/misc/tnmb15-08679.pdf
         represented by: Steven L. Lefkovitz, Esq.
                         LAW OFFICES LEFKOVITZ & LEFKOVITZ
                         E-mail: slefkovitz@lefkovitz.com

In re UTSA Apartments 34, LLC
   Bankr. W.D. Tex. Case No. 15-52959
      Chapter 11 Petition filed December 3, 2015
         See http://bankrupt.com/misc/txwb15-52959.pdf
         represented by: Allen M. DeBard, Esq.
                         LANGLEY & BANACK, INC
                         E-mail: adebard@langleybanack.com

In re UTSA Apartments 18, LLC
   Bankr. W.D. Tex. Case No. 15-52961
      Chapter 11 Petition filed December 3, 2015
         See http://bankrupt.com/misc/txwb15-52961.pdf
         represented by: Allen M. DeBard, Esq.
                         LANGLEY & BANACK, INC
                         E-mail: adebard@langleybanack.com

In re D.S.C. Services, LLC
   Bankr. E.D. Va. Case No. 15-14300
      Chapter 11 Petition filed December 3, 2015
         See http://bankrupt.com/misc/vaeb15-14300.pdf
         represented by: John Carter Morgan, Jr., Esq.
                         JOHN CARTER MORGAN, JR., PLLC
                         E-mail: rhonda@jcmpllc.com

In re Carter Yates Embrey
   Bankr. E.D. Va. Case No. 15-36219
      Chapter 11 Petition filed December 3, 2015

In re Anthony Darrel Mosley and Rhaye L Mosley
   Bankr. D. Ariz. Case No. 15-15398
      Chapter 11 Petition filed December 4, 2015

In re Beardsley-Stardust, LLC
   Bankr. D. Ariz. Case No. 15-15405
      Chapter 11 Petition filed December 4, 2015
         See http://bankrupt.com/misc/azb15-15405.pdf
         represented by: Sean P. O'Brien, Esq.
                         GUST ROSENFELD PLC
                         E-mail: spobrien@gustlaw.com

In re Roger Lee Hayes and Sherry Kay Hayes
   Bankr. D. Ariz. Case No. 15-15409
      Chapter 11 Petition filed December 4, 2015

In re Silverhawk Inc.
   Bankr. E.D. Cal. Case No. 15-29453
      Chapter 11 Petition filed December 4, 2015
         See http://bankrupt.com/misc/caeb15-29453.pdf
         represented by: Sunita Kapoor, Esq.
                         LAW OFFICES OF SUNITA KAPOOR
                         E-mail: skapoorlaw@gmail.com

In re Jinnie Jinhuei Chang Chao
   Bankr. N.D. Cal. Case No. 15-31519
      Chapter 11 Petition filed December 4, 2015
         represented by: Onyinye N. Anyama, Esq.
                         ANYAMA LAW FIRM
                         E-mail: info@anyamalaw.com

In re United Networking Enterprises, Inc.
   Bankr. M.D. Fla. Case No. 15-12192
      Chapter 11 Petition filed December 4, 2015
         See http://bankrupt.com/misc/flmb15-12192.pdf
         represented by: Joel S Treuhaft, Esq.
                         PALM HARBOR LAW GROUP, PA
                         Email: jstreuhaft@yahoo.com

In re J Capri Salon and Spa, LLC
   Bankr. D.N.J. Case No. 15-32839
      Chapter 11 Petition filed December 4, 2015
         See http://bankrupt.com/misc/njb15-32839.pdf
         represented by: Robert J. Stack, Esq.
                         ROBERT J. STACK LLC
                         E-mail: robstackbankruptcy@yahoo.com

In re Infant and Toddler Child Care, Inc.
   Bankr. N.D. Ohio Case No. 15-16923
      Chapter 11 Petition filed December 4, 2015
         See http://bankrupt.com/misc/ohnb15-16923.pdf
         represented by: Glenn E. Forbes, Esq.
                         COOPER & FORBES CO., LPA
                         E-mail: Bankruptcy@cooperandforbes.com

In re Modern Office Systems INC
   Bankr. D.P.R. Case No. 15-09655
      Chapter 11 Petition filed December 4, 2015
         See http://bankrupt.com/misc/prb15-09655.pdf
         represented by: Luis Roberto Santos Montalvo, Esq.
                         LUIS ROBERTO SANTOS CSP
                         E-mail: lrsantos59@hotmail.com

In re James Walton Hammond and Joanna Ethridge Hammond
   Bankr. S.D. Tex. Case No. 15-36456
      Chapter 11 Petition filed December 4, 2015

In re H&J Alamo Auto Glass, Inc.
   Bankr. W.D. Tex. Case No. 15-31917
      Chapter 11 Petition filed December 4, 2015
         See http://bankrupt.com/misc/txwb15-31917.pdf
         represented by: Carlos A. Miranda, III, Esq.
                         MIRANDA & MALDONADO, P.C.
                         E-mail: cmiranda@mirandafirm.com

In re Albert L Jacobs
   Bankr. D. Ariz. Case No. 15-15431
      Chapter 11 Petition filed December 7, 2015

In re Alan R. Mishkin
   Bankr. D. Ariz. Case No. 15-15440
      Chapter 11 Petition filed December 7, 2015

In re American Pie Pizzeria, Inc.
   Bankr. S.D. Fla. Case No. 15-31324
      Chapter 11 Petition filed December 7, 2015
         See http://bankrupt.com/misc/flsb15-31324.pdf
         represented by: Gary M Murphree, Esq.
                         A.M. LAW LLC
                         E-mail: gmm@amlaw-miami.com

In re Enviro Tech Products and Services, Inc
   Bankr. D. Nev. Case No. 15-16792
      Chapter 11 Petition filed December 7, 2015
         See http://bankrupt.com/misc/nvb15-16792.pdf
         represented by: Ryan A. Andersen, Esq.
                         ANDERSEN LAW FIRM, LTD
                         E-mail: randersen@andersenlawlv.com

In re Charles F. Scioscia
   Bankr. S.D.N.Y. Case No. 15-23748
      Chapter 11 Petition filed December 7, 2015

In re Clinch-Locust Garage
   Bankr. E.D. Tenn. Case No. 15-33596
      Chapter 11 Petition filed December 7, 2015
         See http://bankrupt.com/misc/tneb15-33596.pdf
         represented by: Denna F. Middleton, Esq.
                         E-mail: dennautlaw@aol.com


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Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

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S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.  
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman,
Editors.

Copyright 2015.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $975 for 6 months delivered via
e-mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Peter A.
Chapman at 215-945-7000 or Nina Novak at 202-362-8552.

                   *** End of Transmission ***