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         T R O U B L E D   C O M P A N Y   R E P O R T E R

              Thursday, March 31, 2016, Vol. 20, No. 91

                            Headlines

ABEINSA HOLDING: Case Summary & 50 Largest Unsecured Creditors
ABEINSA HOLDING: Files for Ch. 11 as Part of Abengoa Restructuring
ABEINSA HOLDING: Seeks Joint Administration of Cases
ABENGOA BIOENERGY: Time to File Schedules Extended to April 8
ADDICTION SPECIALISTS: U.S. Trustee Unable to Appoint Committee

ADS TACTICAL: Moody's Raises CFR to B2, Outlook Stable
ALEXZA PHARMACEUTICALS: Reports $21.3 Million Net Loss for 2015
ALEXZA PHARMACEUTICALS: Teva Pharma Reports 9.9% Stake
ANTERO ENERGY: Can't Touch Cash Without Court Order
ANTERO ENERGY: ERG Opposes Consolidation, But Wants One Judge

ANTERO ENERGY: Plan Offers 10% Recovery for Unsecured Creditors
ANTERO ENERGY: Questions Assignment of LegacyTexas Loan to ERG
ARGENTO LLC: U.S. Trustee Unable to Appoint Committee
ATNA RESOURCES: Court Extends Exclusive Right to File Plan
BUFFETS LLC: Withdraws Motion to Auction FF&E at Closed Locations

BULLIONDIRECT INC: Sells Web Platform Assets to Huseman-Murph
CAESARS ENTERTAINMENT: Bank Debt Trades at 8% Off
CAESARS ENTERTAINMENT: Moody's Lowers CFR to Caa1
CAPITOL LAKES: Files Schedules of Assets and Liabilities
CARNEGIE EMS: U.S. Trustee Unable to Appoint Committee

CCNG ENERGY PARTNERS: Proposes to Sell Assets to Guggenheim
CEQUEL DATA: S&P Affirms 'B' Corp. Credit Rating, Outlook Stable
COEUR MINING: Moody's Confirms B3 Corporate Family Rating
COVANTA HOLDING: S&P Affirms 'BB-' CCR, Outlook Stable
CRITICAL CARE: Case Summary & 4 Unsecured Creditors

EAST ORANGE: Changes Name to EOGH Liquidation After Sale
EPICOR SOFTWARE: Bank Debt Trades at 6% Off
FEDERATION EMPLOYMENT: Exclusive Filing Period Extended to May 30
FORTESCUE METALS: Bank Debt Trades at 16% Off
FR DIXIE: S&P Lowers CCR to 'B-' on Higher Leverage, Outlook Neg.

FUSION TELECOMMUNICATIONS: Incurs $9.8 Million Net Loss in 2015
GORDON COMMUNICATIONS: U.S. Trustee Unable to Appoint Committee
GRAPHIC PACKAGING: S&P Affirms 'BB+' CCR, Outlook Stable
GRIGGS COUNTY: Moody's Affirms B3 Long-Term Go Issuer Rating
HD SUPPLY: Moody's Raises CFR to B1, Outlook Positive

HD SUPPLY: S&P Raises CCR to 'BB-', Outlook Positive
HUB INTERNATIONAL: Bank Debt Trades at 2% Off
IMMUCOR INC: Moody's Cuts Corporate Family Rating to Caa1
INTERNATIONAL TECHNICAL: Exclusive Right to File Plan Extended
ISTAR INC: S&P Assigns 'B+' Rating on $275MM Sr. Unsecured Notes

J. CREW: Bank Debt Trades at 21% Off
JAZZ ACQUISITION: Moody's Lowers CFR to Caa1, Outlook Stable
JFT PROPERTIES: Case Summary & Unsecured Creditor
LEVI STRAUSS: S&P Affirms 'BB' CCR & Revises Outlook to Positive
MADISON NICHE: Court Grants Petition to Recognize Cayman Cases

MEDASSETS INC: S&P Affirms 'B' CCR Then Withdraws Rating
MIDCONTINENT EXPRESS: Moody's Lowers CFR to Ba2, Outlook Negative
MIDSTATES PETROLEUM: Amends Disclosure on Proved Reserves Value
MIDWAY GOLD: To Accept Bids for Remaining Assets Until May 2
MOLYCORP INC: Files 4th Amended Reorganization Plan

NATIONAL CINEMEDIA: Regal Entertainment Holds 31.3% Stake
NEIMAN MARCUS: Bank Debt Trades at 9% Off
NEWBURY COMMON ASSOCIATES: Can Employ Anchin Block as Accountant
NEWBURY COMMON ASSOCIATES: Waterbridge Appointed as Director
NUO THERAPEUTICS: Court Sets April 25 Hearing on Ch. 11 Plan

ORIENT PAPER: Gets Audit Opinion With Going Concern Qualification
OUTER HARBOR: Judge Approves Deadlines to File Proofs of Claim
OVERTON & OGBURN: Case Summary & 2 Unsecured Creditors
PALACE ENTERTAINMENT: Moody's Lowers CFR to B3, Outlook Dev.
PARAGON OFFSHORE: Senior Noteholders to Get 52% to 66.5% Under Plan

PARAGON OFFSHORE: Wants Schedules Deadline Extended to April 14
PARKLANDS OFFICE: Case Summary & 17 Largest Unsecured Creditors
PAUL GREMILLION: Court Denies HealthEdge's Bid to Dismiss Case
PRECYSE ACQUISITION: Moody's Assigns B3 CFR, Outlook Stable
PREMIER EXHIBITIONS: Adam Bradley Has 5.1% Stake as of Feb. 4

PRIMORSK INTERNATIONAL: Files Schedules of Assets & Liabilities
PWK TIMBERLAND: Court Approves Dismissal of Bankruptcy Case
QUALITY DISCOUNT: Involuntary Chapter 11 Case Summary
RESTAURANTS ACQUISITION: Bankruptcy Case Stays in Delaware
RESTAURANTS ACQUISITION: Discloses $7.51M in Assets, $14.7M Debt

RESTAURANTS ACQUISITION: Lease Decision Period Extended to June 29
RESTAURANTS ACQUISITION: Removal Period Extended to May 30
RESTAURANTS ACQUISITION: Settlement With Peterson Approved
RICHARD HEATH: Appeal from $31K Judgment Remanded to Bankr. Court
SASSYFRAS INVESTMENTS: U.S. Trustee Unable to Appoint Committee

SHERIDAN BROADCASTING: U.S. Trustee Unable to Appoint Committee
SOUTHCROSS HOLDINGS: Moody's Lowers PDR to Ca-PD, Outlook Negative
SOUTHCROSS HOLDINGS: S&P Lowers CCR to 'D' on Ch. 11 Filing
SUPERVALU: Bank Debt Trades at 3% Off
T-MOBILE USA: Moody's Assigns Ba3 Rating on Proposed $1BB Notes

TARGA RESOURCES: Moody's Lowers CFR to Ba2, Outlook Negative
TRONOX INC: Bank Debt Trades at 8% Off
TROPICANA ENTERTAINMENT: Moody's Hikes Corp. Family Rating to Ba3
TRUGREEN LIMITED: Moody's Assigns B2 CFR, Outlook Stable
TUTOR PERINI: Moody's Changes Outlook to Neg. & Affirms Ba3 CFR

UTE MESA: Wins Dismissal of Chapter 11 Case
VALEANT PHARMA: Pershing Holds 9% Stake, Gains Board Seat
VALEANT PHARMA: Seeks Covenant Waivers, to File 10K by April 29
VALEANT PHARMACEUTICALS: Bank Debt Trades at 7% Off
VERMILLION INC: Signs $4 Million Loan Agreement With DECD

WESCO AIRCRAFT: S&P Revises Outlook to Pos. & Affirms 'B+' CCR
WESTMORELAND COAL: S&P Affirms 'B' CCR & Revises Outlook to Neg.
WISPER II LLC: Case Summary & 14 Unsecured Creditors
Z TRIM HOLDINGS: Changes Name to "Agritech Worldwide"
ZLOOP INC: Files Schedules of Assets and Liabilities

ZLOOP INC: Seeks to Extend Time to Remove Actions to July 6
[*] Moody's Concludes Reviews for 4 US B-rated E&P Companies
[*] Tiger Capital Group Rebrands Remarketing Services Division
[^] Recent Small-Dollar & Individual Chapter 11 Filings

                            *********

ABEINSA HOLDING: Case Summary & 50 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

    Debtor                                             Case No.
    ------                                             --------
    Abeinsa Holding Inc.                               16-10790
    3030 North Central Avenue
    Suite 808
    Phoenix, AZ 85012

    Abengoa Solar LLC                                  16-10791

    Abeinsa EPC LLC                                    16-10792

    Abencor USA, LLC                                   16-10793

    Nicsa Industrial Supplies LLC                      16-10794

    Abener Construction Services LLC                   16-10795

    Abeinsa Abener Teyma General Partnership           16-10796

    Abener Teyma Mojave General Partnership            16-10797

    Abener Teyma Inabensa Mount Signal Joint Venture   16-10798

    Teyma USA & Abener Engineering and Construction    16-10799
    Services General Partnership

    Teyma Construction USA, LLC                        16-10800

    Abener North America Construction L.P.             16-10801

    Inabensa USA, LLC                                  16-10802

Type of Business: Energy, engineering and environmental companies

Chapter 11 Petition Date: March 29, 2016

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

Debtors' Counsel: Craig R. Martin, Esq.
                  DLA PIPER LLP (US)
                  1201 North Martket Street, 21st Floor
                  Wilmington, DE 19801
                  Tel: 302-468-5655
                  Fax: 302-778-7834
                  Email: craig.martin@dlapiper.com

Estimated Assets: $1 billion to $10 billion

Estimated Debts: $1 billion to $10 billion

The petitions were signed by Javier Ramirez, treasurer.

List of Debtors' 50 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Societe Generale Sucursal En            2014       $1,454,267,983
Espana, as Agent                      Syndicated
Torre Picasso                       Loan Facility
Plaza De Pablo Ruiz
Picasso, 1.
28020 Madrid, Spain

Deutsche Trustee Company Limited        $650MM       $650,000,000
As Trustee                            8.875% due
Winchester House, 1 Great               2017
Winchester Street
London EC2N 2DB
United Kingdom

Deutsche Trustee Company Limited      EUR 550 mm     $615,780,000
As Trustee                            8.875% due
Winschester House, 1 Great               2018
Winchester Street
London EC2N 2DB
United Kingdom

Deutsche Trustee Company Limited        EUR 500      $559,800,000
As Agent                               8.50% due
Winchester House, 1 Great                2016
Winchester Street
London EC2N 2DB
United Kingdom

Deutsche Trustee Company Limited       EUR 500 mm    $559,800,000
As Agent                                6% due
Winchester House, 1 Great                2021
Winchester Street
London EC2N 2DB
United Kingdom

Deutsche Bank Trust Company Americas    $450 mm      $450,000,000
60 Wall Street                          7.75% due
MSNYC 60-2710                            2020
New York, NY 10005

Deutsche Trustee Company Limited,      EUR 375 mm    $419,850,000
As Trustee                              7.0% due
Winchester House, 1 Great                 2020
Winchester Street
London EC2N 2DB
United Kingdom

Deutsche Trustee Limited,              $300 million  $300,000,000
As Trustee                             6.5% Senior
Winchester House, 1 Great               Notes due
Winchester Street                      2019 issued
London EC2N 2DB                        by Abengoa
United Kingdom                         Greenfield
                                          S.A.

Deutsche Trustee Company Limited         EUR 265     $296,694,000
As Trustee                            million 5.5%
Winchester House, 1 Great             Senior Notes
Winchester Street                       due 2019
London EC2N 2DB                        issued by
United Kingdom                          Abengoa
                                       Greenfield
                                          S.A.

Deutsche Bank AG                      EUR 400 mm     $178,015,530
London Branch,                          6.25%
as Fiscal Agent                      Convertible
Winchester House, 1 Great             Notes due
Winchester Street                       2019
London EC2N 2DB
United Kingdom

Banco Popular Espanol, S.A.           EUR 125 mm     $139,950,000
c/ Velazquez, 34                      Revolving
28001 Madrid Spain                     Facility

Agensynd, S.L.                         EUR 106       $118,677,600
Velazquez 78, 4                      million loan
Derecha, 28001                       with final
Madrid Spain                        maturity date
                                    of 17 March
                                        2016

European Investment Bank               EUR 125        $82,745,846
98-100 Blvd Konrad Adenauer       million facility
Luxembourg, L-2950
Luxembourg

Sumitomo Mitsui Banking             Financial Debt    $46,500,000
Corporation
277 Park Avenue
New York, NY 10172

ARB, Inc.                              Litigation     $32,943,000
2600
Commercenter Dr.
Lake Forest, CA
92630

El Enstituto Credito Official            EUR 30       $32,870,672
Jaime                                 million ICO
Cervera/Conchi Berrocal                financing
Department of Operations
Paseo Del Prado, 4
28014 Madrid Spain

Societe Generale Sucursal En           Financial      $23,600,000
Espana, As Agent                          Debt
Torre Picasso
Plaza De Pablo Ruiz
Picasso, I.
28020 Madrid Spain

Siemens Energy Inc.                     Trade Debt     $7,136,015
4400 Alafaya Trail
Orlando, FL 32826-2399

Banco Finantia                        Financial Debt   $7,013,649
Rua General
Firmino Miguel, 5
1600-100 Lisboa
Portugal

ARB, Inc.                               Trade Debt     $6,535,513
26000
Commercentre Drive
Lake Forest, CA 92630

Morse Associates Inc.                   Trade Debt     $4,432,568
6904 Ridgewood Avenue
Chevy Chas, MD 20815

La Caixa                                Financial      $4,209,525
CL. Sierpes 85                             Debt
Planta 1, 41004
Sevilla Spain

La Caixa                                Financial      $4,105,257
CL. Sierpes 85                             Debt
Planta 1, 41004
Sevila Spain

Santander ESP CC                        Financial      $3,585,681
AVDA. De Cantabria                         Debt
S/N Edif. Amazonia
PLTA. Baja.28660
Boadilla Del Monte
Madrid Spain

Rosendin Electric Inc.                  Trade Debt     $2,971,338
880 Mabury Rd.
San Jose, CA 95133

Comerica CC                              Financial     $2,922,981
411 West Lafayette                          Debt
5th Floor, MC 3324
Detroit, MI 48226
United States

The Calvert Company                      Trade Debt    $2,526,676
120 AZtec Drive
Richland, MS 39218

Banco Popular Paseo De                   Trade Debt    $2,471,256
Recoletos 19 2
Planta 2, 28004
Madrid Spain

Royal Bank of Scotland                   Financial     $2,320,652
600 Washington                             Debt
Blvd. Stamford, CT 06901

FHI Plant Services, Inc.                 Trade Debt    $2,192,987
2672 Abeis Lane
Las Vegas, NV 89115

Popular Calle Alcala No. 26              Financial     $2,057,563
Madrin Espan, Spain                         Debt

Bank of America                          Financial     $1,996,797
201 E. Washington                           Debt
St 22nd FL
Phoenix, AZ 85004
United States

NewJack, Inc.                            Trade Debt    $1,847,999
415 S. Grant Street
Lebanon, IN 46052

Banco Popular                            Bank Loans    $1,782,371
Espanol, S.A.
C/ Velazquez, 34
28001 Madrid Spain

Marsh USA Inc.                           Trade Debt    $1,745,835
14834 Collection
Center Drive
Chicago, IL 60693

Ingenieria Y Montajes Lointek            Trade Debt    $1,642,687
S.L.
Aita Gotzon, 37
Urduliz (Vizcaya)
48610 Spain

United Rentals (North America),          Litigation    $1,624,030
Inc.
6125 Lakeview Rd. Ste 300
Charlotte, NC 28269

Bigge Crane & Rigging Co.                Litigation    $1,596,465
14511 Industrial Circle
La Mirada, CA 90638

Janus Fire Systems                       Trade Debt    $1,532,714
1102 Rupcich Drive
Crown Poing, IN 46307

United Rentals-RSC Equipment           Trade Debt       $1,475,476
1429 North Pinal Ave
Casa Grande, AZ 85122

Royal Bank of Scotland                 Financial        $1,435,676
600 Washington                            Debt
Blvd. Stamford, CT
06901

Synflex Insulation, LLC                Trade Debt       $1,334,637
312 BOB Smith, Suite #G
Baytown, TX 77521

American Piping                        Trade Debt       $1,286,068
Products, Inc.
18333 Wings
Corporate Drive
Chesterfield, MO 63005

Seves Canada, Inc.                     Trade Debt       $1,269,500

172 Merizzi, St.
Laurent
Quebec, QC H41S4

Ethosenergy -                          Trade Debt       $1,159,422
Wood Group Inc.
10455 Slusher Dr
Santa Fe Springs
CA 90670

World Electric Supply                  Trade Debt       $1,026,730
2151 Blount Road
Rampano Beach, FL 33069

Comerica CC                             Financial         $953,590
411 West Lafayette                         Debt
5th Floor, MC 3324
Detroit, MI 48226
United States

United Rentals, Inc.                    Trade Debt        $923,088
2385 N. 1st Street
Hermiston, OR 97838

SPX Corporation                         Trade Debt        $888,095
19191 Hempstead
Highway
Houston, TX 77065

AON Risk Insurance                      Trade Debt        $887,465
Services West
P.O. Box 849832
Los Angeles, CA
90084-9832


ABEINSA HOLDING: Files for Ch. 11 as Part of Abengoa Restructuring
------------------------------------------------------------------
In accordance with Abengoa, S.A.'s global restructuring efforts,
certain of its subsidiaries in the United States sought creditor
protection in the U.S. Bankruptcy Court for the District of
Delaware on March 29, 2016.  The Chapter 11 petitions were filed by
Abeinsa Holding Inc. and 12 of its affiliates, after Abengoa, their
ultimate parent, commenced cases under Chapter 15 of the U.S.
bankruptcy code.  The U.S. Debtors estimated assets and liabilities
in the range of $1 billion to $10 billion.

"The Chapter 11 Cases are necessary to assist with the
implementation of Abengoa's global restructuring plan and to
effectuate any necessary restructuring at the respective businesses
of each of the Debtors," said Craig R. Martin, Esq., at DLA Piper
LLP (US), counsel to the Debtors.

Abeinsa, et al., are energy, engineering and environmental
companies and indirect subsidiaries of Abengoa, a leading
engineering and clean technology based in Spain with operations in
more than 50 countries worldwide.  Abengoa and 24 affiliated
Spanish companies filed their Chapter 15 cases on March 28 to seek
recognition in the United States of a proceeding currently pending
in Spain pursuant to the Spanish Insolvency Act.

According to the Debtors' restructuring advisor William H. Runge,
managing director of Alvarez & Marsal North America, LLC, the
United States has become Abengoa's largest market in terms of sales
volume, particularly from developing solar, bioethanol, and water
projects with a total investment of $3.3 billion.

Last year, Abengoa announced its intention to seek protection under
Article 5bis of Spanish insolvency law, the Ley Concursal, a
pre-insolvency statute that permits a company to enter into
negotiations with creditors for restructuring its financial
affairs.  Since November 2015, Abengoa and certain affiliates have
commenced negotiations with its main creditors in order to reach a
global agreement on the refinancing and restructuring of their
liabilities.  The Spanish Insolvency Act requires 75% of creditors
to accede to an agreement in order to restructure Abengoa's debt.

On March 16, 2016, Abengoa presented its Business Plan and
Financial Restructuring Plan in Madrid to all of its stakeholders.
In order to permit Abengoa with sufficient time to solicit and
obtain the supermajority votes required by the Spanish Insolvency
Act with respect to the Restructuring Proposal, Abengoa and certain
of its creditors began to enter into the Standstill Agreement
pursuant to which the financial creditors will stay certain rights
and actions vis-a-vis Abengoa and its subsidiaries during a period
of seven months from the date of the Standstill Agreement.  

With the Standstill Agreement having obtained consent by at least
60% of Abengoa's financial creditors, on March 28, 2016, Abengoa
sought and obtained judicial approval (homologacion judicial)
pursuant to the Spanish Insolvency Act, which will have the effect
of binding the Standstill Agreement upon all financial creditors
including those who do not enter into it.  The U.S. Debtors are
parties to the Standstill Agreement.

"In face of a global slowdown, distress within the energy sectors
and a heavily overleveraged balance sheet, Abengoa and its
affiliates and subsidiaries throughout the world have been working
toward a global restructuring of its financial obligations for
months," said Mr. Runge.

At the height of Spain's economic crisis, Abengoa entered into or
issued syndicated, bilateral, and other debt instruments totaling
over $5 billion since 2013, Court documents show.

Abengoa -- which reports its financial information on a
consolidated, condensed basis -- had total assets of approximately
EUR 16.6 billion, including its goodwill, with revenues of
approximately EUR 5.8 billion as of Dec. 31, 2015, and a total loss
for 2015 of about EUR 1.3 billion.  The company's current
liabilities total approximately EUR 14.6 billion, as disclosed in
documents filed with the Court.

Abengoa Parent and certain of its subsidiaries, including Abengoa
Finance S.A.U and Abengoa Greenfield S.A., are parties to multiple
debt facilities in the approximate amount of $6.86 billion. Debtors
Mojave and Solana are each guarantors on notes issued by Abengoa
Parent, Abengoa Finance, S.A.U., and Abengoa Greenfield, S.A. Other
non-debtor affiliates are also guarantors on the debt facilities,
according to Court papers.

                        First Day Motions

The Debtors have filed "first day" motions, customary in large
bankruptcy cases, designed to minimize the adverse effects of the
commencement of the bankruptcy cases on their ongoing business
operations.  Specifically, the Debtors seek authority to, among
other things, use existing cash management system, prohibit utility
providers from discontinuing services and pay obligations to
employees.  A copy of the declaration in support of the First Day
Motions is available at no charge at:

       http://bankrupt.com/misc/3_ABIENSA_Declaration.pdf

                       About Abeinsa Holding

Abeinsa Holding Inc., Abengoa Solar LLC, Abeinsa EPC LLC, Abencor
USA, LLC, Nicsa Industrial Supplies LLC, Abener Construction
Services LLC, Abeinsa Abener Teyma General Partnership, Abener
Teyma Mojave General Partnership, Abener Teyma Inabensa Mount
Signal Joint Venture, Teyma USA & Abener Engineering and
Construction Services General Partnership, Teyma Construction USA,
LLC, Abener North America Construction L.P., and Inabensa USA, LLC
filed Chapter 11 bankruptcy petitions (Bankr. D. Del. Proposed Lead
Case No. 16-10790) on March 29, 2016.  The petitions were signed by
Javier Ramirez as treasurer.  

DLA Piper LLP (US) represents the Debtors as counsel.  Prime Clerk
serves as the Debtors' claims and noticing agent.

                        About Abengoa S.A.

Spanish energy giant Abengoa S.A. is a leading engineering and
clean technology company with operations in more than 50 countries
worldwide that provides innovative solutions for a diverse range of
customers in the energy and environmental sectors.  Abengoa is one
of the world's top builders of power lines transporting energy
across Latin America and a top engineering and construction
business, making massive renewable-energy power plants worldwide.

As of the end of 2015, Abengoa, S.A. was the parent company of 687
other companies around the world, including 577 subsidiaries, 78
associates, 31 joint ventures, and 211 Spanish partnerships.
Additionally, the Abengoa Group held a number of other interests of
less than 20% in other entities.

On Nov. 25, 2015 in Spain, Abengoa S.A. announced its intention
to seek protection under Article 5bis of Spanish insolvency law,
a pre-insolvency statute that permits a company to enter into
negotiations with certain creditors for restricting of its
financial affairs.  The Spanish company is facing a March 28,
2016, deadline to agree on a viability plan or restructuring plan
with its banks and bondholders, without which it could be forced
to declare bankruptcy.

On March 16, 2016, Abengoa presented its Business Plan and
Financial Restructuring Plan in Madrid to all of its stakeholders.

                        U.S. Bankruptcy

Abengoa, S.A., and 24 of its subsidiaries filed Chapter 15
petitions (Bankr. D. Del. Case Nos. 16-10754 to 16-10778) on March
28, 2016, to seek U.S. recognition of its restructuring proceedings
in Spain.  Christopher Morris signed the petitions as foreign
representative.  DLA Piper LLP (US) represents the Debtors as
counsel.

Involuntary petitions were filed against the three affiliated
entities -- Abengoa Bioenergy of Nebraska, LLC, Abengoa Bioenergy
Company, LLC, and Abengoa Bioenergy Biomass of Kansas, LLC
-- under Chapter 7 of the Bankruptcy Code in the United States
Bankruptcy Court for the District of Nebraska and the United States
Bankruptcy Court for the District of Kansas.  The bankruptcy cases
for affiliate Abengoa Bioenergy of Nebraska, LLC and Abengoa
Bioenergy Company, LLC were converted to cases under chapter 11 of
the Bankruptcy Code and transferred to the United States Bankruptcy
Court for the Eastern District of Missouri.

On Feb. 24, 2016, Abengoa Bioenergy US Holding, LLC and 5 five
other U.S. units of Abengoa S.A., which collectively own, operate,
and/or service four ethanol plants in Ravenna, York, Colwich, and
Portales, each filed a voluntary petition for relief under Chapter
11 of the United States Bankruptcy Code in the United States
Bankruptcy Court for the Eastern District of Missouri.  The cases
are pending before the Honorable Kathy A.  Surratt-States and are
jointly administered under Case No. 16-41161.

Abeinsa Holding Inc., and 12 other affiliates, which are energy,
engineering and environmental companies and indirect subsidiaries
of Abengoa, filed Chapter 11 bankruptcy petitions (Bankr. D. Del.
Proposed Lead Case No. 16-10790) on March 29, 2016.  The petitions
were signed by Javier Ramirez as treasurer.  DLA Piper LLP (US)
serve as counsel to the Debtors, and Alvarez & Marsal North
America, LLC, is the restructuring advisor.


ABEINSA HOLDING: Seeks Joint Administration of Cases
----------------------------------------------------
Abeinsa Holding Inc., et al., asked the Bankruptcy Court to enter
an order directing joint administration of their Chapter 11 cases
for procedural purposes only, under the docket of Abeinsa Holding
Inc. in Case No. 16-10790.

Counsel to the Debtors Craig R. Martin, Esq., at DLA Piper LLP
(US), said the joint administration of the Debtors' cases will:

   (a) permit the Clerk of the Court to use a single general
       docket for each of the Debtors' cases and to combine
       notices to creditors and other parties-in-interest of their
       respective estates;

   (b) save time and money and avoid duplicative and potentially
       confusing filings by permitting counsel for all parties-in-

       interest to (a) use a single caption on the numerous
       documents that will be served and filed and (b) file
       the papers in one case rather than in each case;

   (c) protect parties-in-interest by ensuring that parties in
       each of the Debtors' respective cases will be apprised of
       the various matters before the Court in these cases; and

   (d) ease the burden on the office of the United States Trustee
       for the District of Delaware in supervising these Chapter
       11 cases.

According to Mr. Martin, the rights of the respective creditors and
stakeholders of each of the Debtors will not be adversely affected
by joint administration of these cases inasmuch as the relief
sought is purely procedural and is in no way intended to affect
substantive rights.  Each creditor and other party-in- interest
will maintain whatever rights it has against the particular estate
in which it allegedly has a claim or right.

"It would be far more practical and expedient for the
administration of these bankruptcy cases if the Court were to
authorize their joint administration," maintained Mr. Martin.

                       About Abeinsa Holding

Abeinsa Holding Inc., Abengoa Solar LLC, Abeinsa EPC LLC, Abencor
USA, LLC, Nicsa Industrial Supplies LLC, Abener Construction
Services LLC, Abeinsa Abener Teyma General Partnership, Abener
Teyma Mojave General Partnership, Abener Teyma Inabensa Mount
Signal Joint Venture, Teyma USA & Abener Engineering and
Construction Services General Partnership, Teyma Construction USA,
LLC, Abener North America Construction L.P., and Inabensa USA, LLC
filed Chapter 11 bankruptcy petitions (Bankr. D. Del. Proposed Lead
Case No. 16-10790) on March 29, 2016.  The petitions were signed by
Javier Ramirez as treasurer.  

The Debtors are energy, engineering and environmental companies and
indirect subsidiaries of Abengoa, S.A., a leading engineering and
clean technology company founded in Spain in 1941.

DLA PiperLLP (US) represents the Debtors as counsel.  Prime Clerk
serves as the Debtors' claims and noticing agent.

                        About Abengoa S.A.

Spanish energy giant Abengoa S.A. is a leading engineering and
clean technology company with operations in more than 50 countries
worldwide that provides innovative solutions for a diverse range of
customers in the energy and environmental sectors.  Abengoa is one
of the world's top builders of power lines transporting energy
across Latin America and a top engineering and construction
business, making massive renewable-energy power plants worldwide.

As of the end of 2015, Abengoa, S.A. was the parent company of 687
other companies around the world, including 577 subsidiaries, 78
associates, 31 joint ventures, and 211 Spanish partnerships.
Additionally, the Abengoa Group held a number of other interests of
less than 20% in other entities.

On Nov. 25, 2015 in Spain, Abengoa S.A. announced its intention
to seek protection under Article 5bis of Spanish insolvency law,
a pre-insolvency statute that permits a company to enter into
negotiations with certain creditors for restricting of its
financial affairs.  The Spanish company is facing a March 28,
2016, deadline to agree on a viability plan or restructuring plan
with its banks and bondholders, without which it could be forced
to declare bankruptcy.

On March 16, 2016, Abengoa presented its Business Plan and
Financial Restructuring Plan in Madrid to all of its stakeholders.

                        U.S. Bankruptcy

Abengoa, S.A., and 24 of its subsidiaries filed Chapter 15
petitions (Bankr. D. Del. Case Nos. 16-10754 to 16-10778) on March
28, 2016, to seek U.S. recognition of its restructuring proceedings
in Spain.  Christopher Morris signed the petitions as foreign
representative.  DLA Piper LLP (US) represents the Debtors as
counsel.

Involuntary petitions were filed against the three affiliated
entities -- Abengoa Bioenergy of Nebraska, LLC, Abengoa Bioenergy
Company, LLC, and Abengoa Bioenergy Biomass of Kansas, LLC
-- under Chapter 7 of the Bankruptcy Code in the United States
Bankruptcy Court for the District of Nebraska and the United States
Bankruptcy Court for the District of Kansas.  The bankruptcy cases
for affiliate Abengoa Bioenergy of Nebraska, LLC and Abengoa
Bioenergy Company, LLC were converted to cases under chapter 11 of
the Bankruptcy Code and transferred to the United States Bankruptcy
Court for the Eastern District of Missouri.

On Feb. 24, 2016, Abengoa Bioenergy US Holding, LLC and 5 five
other U.S. units of Abengoa S.A., which collectively own, operate,
and/or service four ethanol plants in Ravenna, York, Colwich, and
Portales, each filed a voluntary petition for relief under Chapter
11 of the United States Bankruptcy Code in the United States
Bankruptcy Court for the Eastern District of Missouri.  The cases
are pending before the Honorable Kathy A.  Surratt-States and are
jointly administered under Case No. 16-41161.

Abeinsa Holding Inc., and 12 other affiliates, which are energy,
engineering and environmental companies and indirect subsidiaries
of Abengoa, filed Chapter 11 bankruptcy petitions (Bankr. D. Del.
Proposed Lead Case No. 16-10790) on March 29, 2016.


ABENGOA BIOENERGY: Time to File Schedules Extended to April 8
-------------------------------------------------------------
Chief U.S. Bankruptcy Judge Kathy A. Surratt-States has extended
the time within which Abengoa Bioenergy will file the Schedules and
statement of financial affairs (SOFAs) is extended from the Current
Deadline through and including April 8, 2016.

In addition, the U.S. Trustee is authorized to schedule the Section
341 Meeting on a date that is more than 40 days after the Petition
Date.

                      About Abengoa Bionergy

Abengoa Bioenergy is a collection of indirect subsidiaries of
Abengoa S.A. ("Abengoa"), a Spanish company founded in 1941.  The
global headquarters of Abengoa Bioenergy is in Chesterfield,
Missouri.  With a total investment of $3.3 billion, the United
States has become Abengoa S.A.'s largest market in terms of sales
volume, particularly from developing solar, bioethanol, and water
projects.

On Feb. 24, 2016, Abengoa Bioenergy US Holding, LLC and five
affiliated debtors each filed a Chapter 11 voluntary petition in
St. Louis, Missouri, disclosing total assets of $1.3 billion and
debt of $1.2 billion.  The cases are pending before the Honorable
Kathy A. Surratt-States and are jointly administered under Bankr.
E.D. Mo. Case No. 16-41161.

The Debtors have engaged DLA Piper LLP (US) as counsel, Armstrong
Teasdale LLP as co-counsel, Alvarez & Marsal North America, LLC as
financial advisor, Lazard as investment banker and Prime Clerk LLC
as claims and noticing agent.

                        About Abengoa S.A.

Spanish energy giant Abengoa S.A. is a leading engineering and
clean technology company with operations in more than 50 countries
worldwide that provides innovative solutions for a diverse range of
customers in the energy and environmental sectors.  Abengoa is one
of the world's top builders of power lines transporting energy
across Latin America and a top engineering and construction
business, making massive renewable-energy power plants worldwide.

As of the end of 2015, Abengoa, S.A. was the parent company of 687
other companies around the world, including 577 subsidiaries, 78
associates, 31 joint ventures, and 211 Spanish partnerships.
Additionally, the Abengoa Group held a number of other interests of
less than 20% in other entities.

On Nov. 25, 2015 in Spain, Abengoa S.A. announced its intention
to seek protection under Article 5bis of Spanish insolvency law,
a pre-insolvency statute that permits a company to enter into
negotiations with certain creditors for restricting of its
financial affairs.  The Spanish company is facing a March 28,
2016, deadline to agree on a viability plan or restructuring plan
with its banks and bondholders, without which it could be forced
to declare bankruptcy.

On March 16, 2016, Abengoa presented its Business Plan and
Financial Restructuring Plan in Madrid to all of its stakeholders.

                       U.S. Bankruptcies

Abengoa, S.A., and 24 of its subsidiaries filed Chapter 15
petitions (Bankr. D. Del. Case Nos. 16-10754 to 16-10778) on March
28, 2016, to seek U.S. recognition of its restructuring proceedings
in Spain.  Christopher Morris signed the petitions as foreign
representative.  DLA Piper LLP (US) represents the Debtors as
counsel.

Gavilon Grain, LLC, et al., on Feb. 1, 2016, filed an involuntary
Chapter 7 petition for Abengoa Bioenergy of Nebraska, LLC ("ABNE")
and on Feb. 11, 2016, filed an involuntary Chapter 7 petition for
Abengoa Bioenergy Company, LLC ("ABC").  ABC's involuntary Chapter
7 case is Bankr. D. Kan. Case No. 16-20178.  ABNE's involuntary
case is Bankr. D. Neb. Case No. 16-80141.  An order for relief has
not been entered, and no interim Chapter 7 trustee has been
appointed in the Involuntary Cases.  The petitioning creditors are
represented by McGrath, North, Mullin & Kratz, P.C.

On Feb. 24, 2016, Abengoa Bioenergy US Holding, LLC and 5 five
other U.S. units of Abengoa S.A., which collectively own, operate,
and/or service four ethanol plants in Ravenna, York, Colwich, and
Portales, each filed a voluntary petition for relief under Chapter
11 of the United States Bankruptcy Code in the United States
Bankruptcy Court for the Eastern District of Missouri.  The cases
are pending before the Honorable Kathy A.  Surratt-States and are
jointly administered under Case No. 16-41161.

Abeinsa Holding Inc., and 12 other affiliates, which are energy,
engineering and environmental companies and indirect subsidiaries
of Abengoa, filed Chapter 11 bankruptcy petitions (Bankr. D. Del.
Proposed Lead Case No. 16-10790) on March 29, 2016.


ADDICTION SPECIALISTS: U.S. Trustee Unable to Appoint Committee
---------------------------------------------------------------
The Office of the U.S. Trustee disclosed in a court filing that no
official committee of unsecured creditors has been appointed in the
Chapter 11 case of Addiction Specialists, Inc.

Addiction Specialists, Inc. sought protection under Chapter 11 of
the Bankruptcy Code in the U.S. Bankruptcy Court for the Western
District of Pennsylvania (Pittsburgh) (Case No. 16-20278) on
January 29, 2016. The petition was signed by Sean Sugarman,
secretary.

The Debtor is represented by Robert O. Lampl, Esq. The case is
assigned to Judge Carlota M. Bohm.

The Debtor estimated assets of $100,000 to $500,000 and debts of $1
million to $10 million.


ADS TACTICAL: Moody's Raises CFR to B2, Outlook Stable
------------------------------------------------------
Moody's Investors Service upgraded the Corporate Family Rating and
Probability of Default Rating of ADS Tactical, Inc. to B2 and B2-PD
from B3 and B3-PD, respectively.  The upgrades are based on the
expectation that the company will sustain credit metrics
appropriate for the higher ratings due to an improving core revenue
and EBITDA stream with anticipation of moderate further growth
stemming from the company's expanded vendor offerings in markets
ranging from C4ISR ("Command, Control, Communications, Computers,
Intelligence, Surveillance and Reconnaissance") to food products
for the military.  Concurrently, Moody's upgraded the rating on the
company's senior secured notes by one notch to B3 from Caa1.  The
ratings outlook was changed to stable from negative due to the
improvement in the liquidity profile via the amendment to the
company's revolving credit facility extending its maturity date.

Ratings upgraded:

  Corporate Family Rating, to B2 from B3
  Probability of Default Rating, to B2-PD from B3-PD
  $275 million ($263 million outstanding) senior secured notes due

   2018, to B3 (LGD-5) from Caa1 (LGD-4)
  Outlook, Stable from Negative

                        RATINGS RATIONALE

ADS' B2 corporate family rating reflects the company's sustainment
of core earnings generated from its recurring business as well as
new vendor relationships that ADS has developed over the last two
to three years together with an asset-lite business model that has
low capex requirements.  Over the longer-term, the ratings reflect
the expectation that, while the mix might change, overall demand
for ADS' products will remain relatively stable as they have long
term applications for many of its customers.  In addition, the
company has strong relationships with multiple long-standing
vendors which provides ADS with a competitive advantage.

Counterbalancing the aforementioned factors, the company does have
business risk in its sales concentration with the Department of
Defense ("DoD") that leaves it exposed to changes in defense
spending levels and reliance on certain on-going defense contracts.
In addition, given the variability in order timing, working
capital swings can cause meaningful variations in cash generated
from operations.

Nevertheless, the company's well-entrenched relationships with DoD
agencies, recurring nature of its work and expansion of product
offerings help to partially mitigate these risks.

The stable rating outlook is supported by the expectation that ADS'
credit metrics will remain solidly positioned at the B2 rating
level over the intermediate term together with the maintenance of
an adequate liquidity profile and conservative financial policy
decisions.

A ratings upgrade and/or change in the company's outlook would
likely emanate from an improvement in debt/EBITDA to below 4.0
times, FFO/debt of 15% or greater as well as the maintenance of a
good liquidity profile and expectations of top line revenue
growth.

The ratings could be pressured if there were a loss of a meaningful
contract, a deterioration in ADS' operating performance or a
significant weakening of the company's liquidity profile.  In
addition, a sizable debt-financed acquisition or dividend could
also exert downward pressure on the ratings.  Specifically, the
ratings could be negatively impacted if debt/EBITDA increases
beyond 6.0 times, EBIT/interest declines below 1.5 times or free
cash flow turns negative.

The principal methodology used in these ratings was Global
Aerospace and Defense Industry published in April 2014.

ADS Tactical Inc., through its operating subsidiary Atlantic Diving
Services, Inc. headquartered in Virginia Beach, VA, is a provider
of logistics and supply chain solutions for the U.S. Department of
Defense and Department of Homeland Security. Revenues for 2015
totaled approximately $1.4 billion.  ADS was founded in 1997 by its
chairman, Luke Hillier, the majority owner of the company.


ALEXZA PHARMACEUTICALS: Reports $21.3 Million Net Loss for 2015
---------------------------------------------------------------
Alexza Pharmaceuticals, Inc., filed with the Securities and
Exchange Commission its annual report on Form 10-K disclosing a net
loss of $21.3 million on $5.02 million of total revenues for the
year ended Dec. 31, 2015, compared to a net loss of $36.7 million
on $5.56 million of total revenues for the year ended Dec. 31,
2014.

For the three months ended Dec. 31, 2015, Alexza reported a net
loss of $3.01 million on $673,000 of revenue compared to a net loss
of $6.70 million on $1.45 million of revenue for the same period in
2014.

As of Dec. 31, 2015, Alexza had $14.73 million in total assets,
$86.38 million in total liabilities and a total stockholders'
deficit of $71.65 million.

"We continue our efforts to increase the value of ADASUVE, our
pipeline and of Alexza," said Thomas B. King, president and CEO of
Alexza Pharmaceuticals.  "In the last six months, we have decreased
our costs, repositioned our management team, secured additional
financing and continued to work with Guggenheim to explore
strategic options."

King added, "We continue our discussions with Ferrer regarding the
non-binding letter of intent we executed with them in February.
This transaction would be Ferrer's proposed acquisition of all
outstanding shares of our common stock."

King further said, "We recently completed the reacquisition of the
ADASUVE U.S. commercial rights from Teva.  We continue to remain
confident in the long-term commercial prospects for ADASUVE
globally.  For the ADASUVE U.S. commercial rights, we are looking
into different options for product commercialization.  In the
interim, we are managing the commercial and regulatory aspects of
ADASUVE for the U.S. market.  We will continue to evaluate all of
our options and pursue the strategy that we believe will allow us
to maximize value for our stockholders."

Alexza believes that, based on its cash and cash equivalent
balances at Dec. 31, 2015, the additional $1.0 million drawn in
March 2016 under the promissory note issued to Ferrer in September
2015, and it's expected cash usage, it has sufficient capital
resources to meet its anticipated cash needs until the end of April
2016.  Changing circumstances may cause the Company to consume
capital significantly faster or slower than currently anticipated,
or to alter the Company's operations.  Even if circumstances do not
cause Alexza to consume capital significantly faster or slower than
currently anticipated, Alexza may be forced to significantly reduce
operations if its business prospects do not improve.  If Alexza is
unable to source additional capital, it may be forced to shut down
operations altogether.

                      Going Concern Doubt

OUM & CO. LLP, in San Francisco, California, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the Company has recurring
losses from operations and has a net capital deficiency that raise
substantial doubt about its ability to continue as a going
concern.

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

                     http://is.gd/o88gQo

               About Alexza Pharmaceuticals, Inc.

Alexza Pharmaceuticals is focused on the research, development, and
commercialization of novel, proprietary products for the acute
treatment of central nervous system conditions.  Alexza's products
and development pipeline are based on the Staccato(R) system, a
hand-held inhaler designed to deliver a pure drug aerosol to the
deep lung, providing rapid systemic delivery and therapeutic onset,
in a simple, non-invasive manner.  Active pipeline product
candidates include AZ-002 (Staccato alprazolam) for the management
of epilepsy in patients with acute repetitive seizures and AZ-007
(Staccato zaleplon) for the treatment of patients with middle of
the night insomnia.


ALEXZA PHARMACEUTICALS: Teva Pharma Reports 9.9% Stake
------------------------------------------------------
In a Schedule 13G filed with the Securities and Exchange
Commission, Teva Pharmaceutical Industries Limited and Teva
Pharmaceuticals USA, Inc. reported that as of Feb. 23, 2016, they
beneficially own 2,172,886 shares of common stock of Alexza
Pharmaceuticals representing 9.99 percent based on 21,750,615
shares of Common Stock outstanding as of Feb. 19, 2016.  A copy of
the regulatory filing is available at http://is.gd/TfTxQw

                About Alexza Pharmaceuticals, Inc.

Alexza Pharmaceuticals is focused on the research, development, and
commercialization of novel, proprietary products for the acute
treatment of central nervous system conditions.  Alexza's products
and development pipeline are based on the Staccato(R) system, a
hand-held inhaler designed to deliver a pure drug aerosol to the
deep lung, providing rapid systemic delivery and therapeutic onset,
in a simple, non-invasive manner.  Active pipeline product
candidates include AZ-002 (Staccato alprazolam) for the management
of epilepsy in patients with acute repetitive seizures and AZ-007
(Staccato zaleplon) for the treatment of patients with middle of
the night insomnia.

Alexza reported a net loss of $21.31 million on $5.02 million of
total revenues for the year ended Dec. 31, 2015, compared to a net
loss of $36.73 million on $5.56 million of total revenues for the
year ended Dec. 31, 2014.  As of Dec. 31, 2015, Alexza had $14.73
million in total assets, $86.38 million in total liabilities and a
total stockholders' deficit of $71.65 million.

OUM & CO. LLP, in San Francisco, California, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the Company has recurring
losses from operations and has a net capital deficiency that raise
substantial doubt about its ability to continue as a going concern.


ANTERO ENERGY: Can't Touch Cash Without Court Order
---------------------------------------------------
In connection with a motion by Energy Reserves Group LLC seeking to
prohibit Antero Energy Partners, LLC's use of cash collateral,
Judge Stacey G. Jernigan in early March entered an agreed order
providing that:

  * All revenues received by Debtor and all cash or cash
equivalents in possession or under the control of Debtor will be
deposited into Debtor's DIP Account and that such cash, cash
equivalents or revenues so deposited will not be used by Debtor in
any manner without further order from this Court.

  * The Debtor's compliance with this order shall not prejudice the
rights of Debtor to claim that such funds are not "cash collateral"
nor constitute any finding by this Court that such funds are "cash
collateral". Nor shall ERG's agreement to this order prejudice its
claims that such funds are in fact "cash collateral".

The agreed order was signed by counsel for Antero and ERG.

                         Cash Collateral

Energy Reserves Group LLC ("ERG") in January filed a motion to
prohibit Antero from using cash collateral.  Without waiver of its
right to assert that the proceeds from production of oil and gas
obtained from the Debtor's oil and gas leases and wells located in
Claiborne Parish, Louisiana (the "Proceeds" from the "Oil and Gas
Interests") are not property of the estate based upon an assignment
occurring pursuant to La. Rev. Stat. Sec. 9:4401 and applicable
bankruptcy law, ERG sought an order prohibiting the Debtor's use of
cash collateral.  According to ERG, the proceeds that constitute
cash collateral in the case arise from and are attributable to the
depletion of oil and gas reservoirs in which ERG holds a first-lien
security interest, and such Oil and Gas Interests plus the Cash
Collateral are inadequate to secure payment of the debt due to
ERG.

As of the Petition Date, Antero owed $25.06 million on account of
loans provided by LegacyTexas Bank, successor by merger with
View-Point Bank, N.A., pursuant to a Credit Agreement dated Dec.
23, 2013, as amended.  On Dec. 31, 2015, LegacyTexas Bank assigned
its interests in the Credit Agreement and the existing notes to
Energy Reserves Group in exchange for good and valuable
consideration.

                         About AIX Energy
                         and Antero Energy

Headquartered in Dallas, Texas, AIX Energy, Inc., and Antero Energy
Partners, LLC, own oil and gas wells and leases in northern
Louisiana.  The two companies are privately held, managed and
controlled by Dallas County, Texas resident Robert Imel.

After experiencing a liquidity crisis as a result of the dramatic
downturn in the oil and gas industry, AIX, on Oct. 22, 2015, filed
a voluntary petition for relief under Chapter 11 of Title 11 of the
United States Code (Bankr. N.D. Tex. Case No. 15-34245).  The AIX
case was assigned to Honorable Barbara J. Houser.

Following of a default of its loans from LegacyTexas Bank, N.A.,
and a botched sale to Energy Reserves Group LLC, Antero, on Jan.
25, 2016, also filed a Chapter 11 petition (Bankr. N.D. Tex. Case
No. 16-30308).  The case was assigned to Judge Stacey G. Jernigan.
Antero estimated $10 million to $50 million in assets and debt.  

Antero tapped Frank L. Boyles, Esq., as attorney. AIX tapped Keith
W. Harvey, Esq., of The Harvey Law Firm, P.C., as attorney.

The Debtors had borrowings totaling $36 million from LegacyTexas
Bank, N.A., evidenced by secured notes.  LegacyTexas Bank later
assigned the $25 million debt owed by Antero to ERG.  LegaxyTexas
is still the prepetition secured creditor of AIX and is the DIP
lender.

For AIX creditors, other than governmental entities, the bar date
for filing proofs of claim was Feb. 17, 2016.  For Antero
creditors, the bar date is May 26, 2016.


ANTERO ENERGY: ERG Opposes Consolidation, But Wants One Judge
-------------------------------------------------------------
AIX Energy, Inc., and Antero Energy Partners, LLC, filed a motion
with the U.S. Bankruptcy Court for the Northern District of Texas
seeking joint administration of their cases for procedural and
administrative purposes only, under the case number assigned to
AIX.

In seeking joint administration of their cases, Keith W. Harvey,
Esq., attorney for AIX, avers that the Debtors are "affiliates" as
that term is defined under Section 101(2) of the Bankruptcy Code.
Mr. Harvey notes that:

  * Both debtors are privately held, managed and controlled by
Dallas County, Texas resident Robert Imel.

  * Both debtors are headquartered in the same office space located
at 8401 N. Central Expressway, Suite 840, Dallas, Texas.

  * Both Debtors own oil and gas wells and leases in northern
Louisiana, and to a significant extent they own and operate wells
located on the same leases.

  * AIX operates most of the wells in which Antero owns an interest
and revenue generated for that service is a significant source of
revenue for Antero.  In addition, the revenue that Antero generates
is used pay AIX for its operations of the oil and gas properties.
In turn AIX uses such funds to conduct its operations. Antero pays
a percentage of the AIX overhead for AIX's Dallas office.

  * It is reasonably likely that the Debtors best opportunity to
reorganize will be pursuant to a joint plan of reorganization or
sell their properties to a common buyer.

  * Over the past several years, each of the Debtors signed
promissory notes with LegacyTexas Bank, N.A., or its predecessor
("LTB") for various loans to develop their business.  LTB is the
DIP lender to AIX.  However, there is no cross collateralization of
the loans from LTB.  In aggregate, the amounts borrowed by Debtors
from LTB were approximately thirty-six million dollars
($36,000,000) under all of the promissory notes (the "Notes").

Mr. Harvey contends that joint administration will not adversely
affect the rights of the Debtors' respective creditors because the
relief sought is purely procedural.  Each Debtor's assets will
remain segregated in its individual estate, and creditors will be
instructed to file claims against only the Debtor or Debtors
allegedly liable therefore.

                ERG Objects to Joint Administration

Energy Reserves Group LLC filed an objection to the Debtors' motion
for joint administration.

"[W]hile these captioned Debtors have common ownership and common
management -- Robert Imel -- the basis for their joint
administration ends there; they are otherwise on separate
reorganization tracks, AIX's bankruptcy case having been filed in
Oct. 22, 2015, and Antero's bankruptcy case having been filed three
months later on Jan. 25, 2016.  Further, the absolute absence of
any reasonable likelihood of rehabilitation for Antero will only
complicate, hinder and delay any prospects AIX might have for a
successful reorganization, though meager they may be.  Joint
administration of the two bankruptcy cases will not benefit either
bankruptcy estate, and will only complicate confuse matters for the
creditors of each estate."

ERG, however, wants the Motion granted to the extent that it seeks
to transfer the Antero case to the Honorable Barbara J. Houser.
ERG believes that one bankruptcy judge should oversee both
proceedings: the Debtors have the same management and owner, as
aforesaid, and the oil and gas properties owned by Antero, which
have a value of approximately $14,000,000, and pledged as
collateral to ERG to secure in excess of $25,500,000 in debt, are
operated by AIX.  It would be appropriate for the two Debtors'
cases to be presided over by one bankruptcy judge, ERG tells the
Court.

ERG is the assignee of the promissory notes issued by Antero to
LegacyTexas Bank, N.A.

                   LegacyTexas Bank Also Objects

In opposing joint administration, LegacyTexas Bank, a secured
creditor of AIX, cites potential conflicts of interest that exist
between the Debtors and/or the Debtors and their
insiders/professionals:

   * The Debtors hold multiple intercompany debts against each
other, which will take time to address and resolve.  For example,
AIX serves as the operator for oil and gas wells in Louisiana in
which the Debtor owns working interests.  This relationship may
give rise to claims and statutory privileges (i.e. liens under
Louisiana law) against the Debtor in favor of AIX.

   * It appears the Debtors hold significant undisclosed
intercompany debts and obligations against each other that have
been omitted from, or not fully disclosed on, each of the Debtors'
Schedules.  For example, in August 2014, the Debtor executed a
Promissory Note in the amount of $5,789,893 payable to AIX related
to the Debtor's acquisition of certain assets.  Upon information
and belief, this intercompany debt was never paid off; yet, the
debt represented by the 2014 note is not included as an asset on
AIX's Schedules, and it does not appear it is accurately listed as
a claim on the Debtor's Schedules.  This undisclosed debt
obligation places Imel, as the insider equity holder and President
of the Debtors, in the hopelessly conflicted position of being in
control of AIX, a major creditor of the Debtor, while it appears
that Imel received significant, potentially avoidable, insider
distributions (of approximately $2 million) from the Debtor in the
12 months prior to the Petition Date.

   * The Debtor was/is responsible for paying certain amounts of
allocated overhead to AIX.  The Debtors, therefore, may have, among
other things, claims against each other related to such payments
and obligations.

   * The Debtor sought to remove AIX as operator on certain wells
on the eve of AIX's bankruptcy filing.  Accordingly, a potential
conflict exists to the extent that: (i) the Debtor continues to
seek to remove AIX as the operator of such wells; and (ii) AIX is
reliant on the revenues from operating those wells to fund its
reorganization efforts.

   * Bankruptcy counsel for AIX, Keith Harvey, received a $4,500
payment from the Debtor in January, 2016, making Mr. Harvey a
potential preference defendant of the Debtor's estate.

   * Rosa Orenstein, special counsel for AIX, received a $20,000.00
payment from the Debtor in November 2015.  Accordingly, Ms.
Orenstein may also be a potential preference defendant of the
Debtor's estate.

   * The Orenstein Law Group ("OLG") is scheduled as a creditor of
the Debtor pursuant to a promissory note in the amount of
$109,590.

   * OLG subleases its office space from AIX.  The OLG sublease can
be terminated without cause, upon 30 days' notice.  OLG, therefore,
has a potential conflict against AIX to the extent that, among
other things, AIX may seek to reject and/or terminate the OLG
sublease.

   * Proposed counsel for the Debtor, Frank Broyles, is admittedly
a very close personal friend of Imel.  Mr. Broyles owns a working
interest in properties owned by Live Oak Energy, Inc.  Live Oak, an
entity owned by Imel, received in excess of $111,000 in
distributions from the Debtor in the 90 days prior to the Petition
Date.  Live Oak is also a creditor of the Debtor with a scheduled
claim of $115,484.

   * Mr. Broyles's law firm is a creditor of AIX.

In addition, LegacyTexas avers that the proposed joint
administration of the bankruptcy cases is likely to cause confusion
amongst the Debtors' creditors.  As of the time of the filing of
the Objection, the deadline for filing proofs of claim in the AIX
Case has expired.  The deadline to file proofs of claim in this
Case, on the other hand, does not expire until May 25, 2016, which
is over three months from now.  This large gap in the applicable
bar dates for the bankruptcy cases may discourage the Debtor's
creditors from filing proofs of claim in this case – especially
since: (i) the Debtors propose to consolidate the Bankruptcy Cases
under the AIX Case number.

Counsel for Energy Reserves Group:

         PENDERGRAFT & SIMON, LLP
         Leonard H. Simon, Esq.
         Robert L. Pendergraft, Esq.
         William P. Haddock, Esq.
         2777 Allen Parkway, Suite 800
         Houston, TX 77019
         Tel: (713) 528-8555
         Fax: (713) 868-1267
         E-mail: lsimon@pendergraftsimon.com
                 rlp@pendergraftsimon.com
                 whaddock@pendergraftsimon.com

Attorneys for LegacyTexas Bank:

         WINSTEAD PC
         Lloyd A. Lim, Esq.
         Eli O. Columbus, Esq.
         Matthew T. Ferris, Esq.
         Lloyd A. Lim, Esq.
         500 Winstead Building
         2728 N. Harwood Street
         Dallas, Texas 75201
         Tel: (214) 745-5400
         Fax: (214) 745-5390

                         About AIX Energy
                         and Antero Energy

Headquartered in Dallas, Texas, AIX Energy, Inc., and Antero Energy
Partners, LLC, own oil and gas wells and leases in northern
Louisiana.  The two companies are privately held, managed and
controlled by Dallas County, Texas resident Robert Imel.

After experiencing a liquidity crisis as a result of the dramatic
downturn in the oil and gas industry, AIX, on Oct. 22, 2015, filed
a voluntary petition for relief under Chapter 11 of Title 11 of the
United States Code (Bankr. N.D. Tex. Case No. 15-34245).  The AIX
case was assigned to Honorable Barbara J. Houser.

Following of a default of its loans from LegacyTexas Bank, N.A.,
and a botched sale to Energy Reserves Group LLC, Antero, on Jan.
25, 2016, also filed a Chapter 11 petition (Bankr. N.D. Tex. Case
No. 16-30308).  The case was assigned to Judge Stacey G. Jernigan.
Antero estimated $10 million to $50 million in assets and debt.  

Antero tapped Frank L. Boyles, Esq., as attorney. AIX tapped Keith
W. Harvey, Esq., of The Harvey Law Firm, P.C., as attorney.

The Debtors had borrowings totaling $36 million from LegacyTexas
Bank, N.A., evidenced by secured notes.  LegacyTexas Bank later
assigned the $25 million debt owed by Antero to ERG.  LegaxyTexas
is still the prepetition secured creditor of AIX and is the DIP
lender.

For AIX creditors, other than governmental entities, the bar date
for filing proofs of claim was Feb. 17, 2016.  For Antero
creditors, the bar date is May 26, 2016.


ANTERO ENERGY: Plan Offers 10% Recovery for Unsecured Creditors
---------------------------------------------------------------
AIX Energy, Inc., and Antero Energy Partners LLC filed a proposed
Joint Plan of Reorganization that provides that:

-- LexacyTexas Bank's postpetition secured claim on account of the
DIP financing it provided to AIX will be satisfied by full payment
of principal and interest at the non-default rate on the effective
date of the Plan.

  -- The prepetition secured claims of LegacyTexas Bank and Nextera
Energy Gas Producing LLC against AIX, and ERG's secured claim
against Antero will be satisfied with payments of interest for
eighteen months; principal payments based on a 10-year amortization
with an interest rate of 4.5% beginning on the 19th month; and
payment of the remaining secured debt in full at year 7.

  -- Unsecured creditors of AIX and Antero will receive 10% of
their allowed claims.  The claims will be paid interest only for 18
months; principal payments based on a 10-year amortization with an
interest rate of 0.46%; and the balance of the 10% of the claims at
year 7.

  -- The interest holder of will receive no distribution on account
of his interests in AIX.  Instead the equity holder will provide
new value for an equity interests in the Reorganized Debtor.  The
interest holder will receive no distribution on account of his
interests in Antero but will maintain his ownership interest.

A copy of the Amended Plan filed Feb. 19, 2016, is available for
free at:

         http://bankrupt.com/misc/Antero_57_Am_Plan.pdf

Proposed attorney for Antero Energy Partners:

         Frank L. Broyles
         222 W. Las Colinas Blvd.
         1650 East Tower
         Irving, TX 75039
         Tel: (972) 401-4141
         E-mail: frankb@gucl.com

Attorney for AIX Energy, Inc.:

         Keith W. Harvey
         THE HARVEY LAW FIRM, P.C.
         6510 Abrams Road, Suite 280
         Dallas, TX 75231
         Tel: (972) 243-3960
         Fax: (972) 314-0894

                         About AIX Energy
                         and Antero Energy

Headquartered in Dallas, Texas, AIX Energy, Inc., and Antero Energy
Partners, LLC, own oil and gas wells and leases in northern
Louisiana.  The two companies are privately held, managed and
controlled by Dallas County, Texas resident Robert Imel.

After experiencing a liquidity crisis as a result of the dramatic
downturn in the oil and gas industry, AIX, on Oct. 22, 2015, filed
a voluntary petition for relief under Chapter 11 of Title 11 of the
United States Code (Bankr. N.D. Tex. Case No. 15-34245).  The AIX
case was assigned to Honorable Barbara J. Houser.

Following of a default of its loans from LegacyTexas Bank, N.A.,
and a botched sale to Energy Reserves Group LLC, Antero, on Jan.
25, 2016, also filed a Chapter 11 petition (Bankr. N.D. Tex. Case
No. 16-30308).  The case was assigned to Judge Stacey G. Jernigan.
Antero estimated $10 million to $50 million in assets and debt.  

Antero tapped Frank L. Boyles, Esq., as attorney. AIX tapped Keith
W. Harvey, Esq., of The Harvey Law Firm, P.C., as attorney.

The Debtors had borrowings totaling $36 million from LegacyTexas
Bank, N.A., evidenced by secured notes.  LegacyTexas Bank later
assigned the $25 million debt owed by Antero to ERG.  LegaxyTexas
is still the prepetition secured creditor of AIX and is the DIP
lender.

For AIX creditors, other than governmental entities, the bar date
for filing proofs of claim was Feb. 17, 2016.  For Antero
creditors, the bar date is May 26, 2016.


ANTERO ENERGY: Questions Assignment of LegacyTexas Loan to ERG
--------------------------------------------------------------
Energy Reserves Group LLC, assignee of a $25 million secured debt
of LegacyTexas Bank to Antero Energy Partners, LLC, filed a motion
to prohibit Antero's use of cash collateral, a motion to lift the
stay, and a motion to convert Antero's case to liquidation under
Chapter 7 of the Bankruptcy Code.

In its responses to the Motions, Antero alleges that ERG lacks
standing as a secured assignee of Loan Documents because: (1) the
Loan Documents were allegedly not assignable as provided in the
Loan Documents, and (2) the Loan Documents allegedly contained some
sort of requirement that assignee be a banking entity, which ERG is
not.

As of the Petition Date, the Debtor owed $25.06 million on account
of loans provided by LegacyTexas Bank, successor by merger with
View-Point Bank, N.A., pursuant to a Credit Agreement dated Dec.
23, 2013, as amended.  On Dec. 31, 2015, LegacyTexas Bank assigned
its interests in the Credit Agreement and the existing notes to
Energy Reserves Group in exchange for good and valuable
consideration.

                       Botched $28M Sale

Antero narrated that in December 2015, at the request of Debtor's
lender, LegacyTexas Bank, the Debtor agreed to sell the assets
securing the $25 million loan held by LegacyTexas Bank to ERG for
$28+ million.  In an attempt to expeditiously comply with
LegacyTexas Bank's request, Debtor incurred significant expense
with the Locke Lord law firm "papering" the transaction.  Then,
just as Debtor was preparing to close the sale of its assets to
ERG, LegacyTexas Bank, without any prior warning to Debtor,
notified Debtor it had assigned Debtor's loan to ERG and the asset
sale was off the table.  Then, immediately following the alleged
purchase of the loan, ERG claimed the assets it was going to
purchase for $28+ million were only worth half that amount and
started forced collection proceedings, forcing the filing of the
Chapter 11 Case on an emergency basis.

"While the motives of LegacyTexas Bank, ERG and their agents are
extremely relevant, a significant threshold issue, and one on which
Debtor believes it will prevail, is whether LegacyTexas Bank even
had the right to assign the loan to ERG without the consent of
Debtor.  Debtor's position is that paragraph 11.8 of the Original
Credit Agreement restricted assignment, that the restrictions
prohibited assignment to a competitor of Debtor's such as ERG, and
that such restrictions were not removed or modified by any
amendment to the Credit Agreement," Antero tells the Court.

"Notably, apparently in an attempt to avoid the assignment
restriction, ERG represented it was a "national banking
association," when it was not."

Antero also points out that ERG claims the loan is underwater and
that the assets securing that loan are substantially less than the
amount of the loan.  Antero avers that ERG does not have a valid
assignment of the Loan Documents and the purported assignment,
under the terms of the Loan Documents, is "null and void."
Consequently, whether the loan is underwater or not is the problem
of purported assignor LegacyTexas Bank because it has the credit
risk, if any.  That underwater issue is not ERG's problem, Antero
avers.

                   Assignment Valid, Says ERG

ERG argues that Antero's allegations are completely false and
misstate the issue entirely.

ERG is a secured creditor with a priority security interest in all
of Debtor's assets because ERG was assigned a valid assignment of a
right to collect money on Loan Documents from LegacyTexas Bank.
Antero is in default on these Loan Documents, thus, ERG has the
right to payment as a remedy for this breach.  Antero claims that
Legacy is the possessor of this right and not ERG because Legacy's
assignment was invalid.  Antero refutes the validity of this
assignment by pointing to two loan documents -- the Credit
Agreement and the Omnibus Amendment to Loan Documents ("Omnibus
Amendment").

ERG asserts that the Omnibus Amendment modified the Credit
Agreement to empower Legacy to assign rights to ERG.  On or about
Dec. 23, 2013, Antero and Legacy, as successor by merger to
ViewPoint Bank, N.A., entered into the Credit Agreement.  Under
Section 11.8, the Credit Agreement allegedly restricted Legacy's
power to assign rights under the Loan Documents.  On or about May
19, 2015, Antero and LegacyTexas Bank, as successor by merger to
ViewPoint Bank, N.A., entered into the Omnibus Amendment.  The
Omnibus Amendment merged with the Credit Agreement so that all of
the Omnibus Amendment's terms would modify and supersede the
inconsistent terms of the Credit Agreement—and the parties
expressly memorialized this intent in accordance with the merger
doctrine under Section 5.1 and Section 6.7 of the Omnibus
Amendment.  Section 5.1 of the Omnibus Amendment provided that
Legacy could freely assign rights, which was inconsistent with
Section 11.8 of the Credit Agreement.

Thus, according to ERG, the Omnibus Amendment modified the Credit
Agreement to the extent the Credit Agreement had previously
restricted Legacy's power to assign rights.

"There is no question that the Omnibus Amendment modified the
Credit Agreement to empower Legacy to assign rights.  There is also
no question that the Credit Agreement had no limitation on the
Omnibus Amendment's ability to modify the Credit Agreement to
permit assigns because the Credit Agreement stated that assignments
were permitted to the extent provided in the Loan Documents, which
included the Omnibus Amendment.  Finally, there is no question that
the Omnibus Amendment removed the only restriction on Legacy's
power to assign rights and that there was no other express or
implied restriction that could supersede the Omnibus Amendment's
modification," ERG argues.

                         About AIX Energy
                         and Antero Energy

Headquartered in Dallas, Texas, AIX Energy, Inc., and Antero Energy
Partners, LLC, own oil and gas wells and leases in northern
Louisiana.  The two companies are privately held, managed and
controlled by Dallas County, Texas resident Robert Imel.

After experiencing a liquidity crisis as a result of the dramatic
downturn in the oil and gas industry, AIX, on Oct. 22, 2015, filed
a voluntary petition for relief under Chapter 11 of Title 11 of the
United States Code (Bankr. N.D. Tex. Case No. 15-34245).  The AIX
case was assigned to Honorable Barbara J. Houser.

Following of a default of its loans from LegacyTexas Bank, N.A.,
and a botched sale to Energy Reserves Group LLC, Antero, on Jan.
25, 2016, also filed a Chapter 11 petition (Bankr. N.D. Tex. Case
No. 16-30308).  The case was assigned to Judge Stacey G. Jernigan.
Antero estimated $10 million to $50 million in assets and debt.  

Antero tapped Frank L. Boyles, Esq., as attorney. AIX tapped Keith
W. Harvey, Esq., of The Harvey Law Firm, P.C., as attorney.

The Debtors had borrowings totaling $36 million from LegacyTexas
Bank, N.A., evidenced by secured notes.  LegacyTexas Bank later
assigned the $25 million debt owed by Antero to ERG.  LegaxyTexas
is still the prepetition secured creditor of AIX and is the DIP
lender.

For AIX creditors, other than governmental entities, the bar date
for filing proofs of claim was Feb. 17, 2016.  For Antero
creditors, the bar date is May 26, 2016.


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

Argento, LLC sought protection under Chapter 11 of the Bankruptcy
Code in the U.S. Bankruptcy Court for the District of Arizona
(Phoenix) (Case No. 16-01736) on February 25, 2016. The petition
was signed by Maria Papagno, member.

The Debtor is represented by Blake D. Gunn, Esq., at the Law Office
of Blake D. Gunn. The case is assigned to Judge Madeleine C.
Wanslee.

The Debtor disclosed total assets of $3.5 million and total debts
of $3.13 million.


ATNA RESOURCES: Court Extends Exclusive Right to File Plan
----------------------------------------------------------
Atna Resources Ltd. obtained a court order extending the period of
time during which it alone holds the right to file a Chapter 11
plan.

The order, issued by Judge Joseph Rosania Jr. of the U.S.
Bankruptcy Court in Colorado, extended the company's exclusive
right to propose a plan to June 15, 2016, and solicit votes from
creditors to August 15, 2016.  

The extension would prevent others from filing rival plans in court
and maintain the company's control over its bankruptcy case.

                      About Atna Resources

Headquartered in Lakewood, Colorado, Atna Resources Ltd. --
http://www.atna.com/-- is engaged in all phases of the mining
business, including exploration, preparation of pre-feasibility and
feasibility studies, permitting, construction and development,
operation and final closure of mining properties.  

The Company owns or controls various properties with gold
resources.  The Company's production property includes Briggs Mine
California and Pinson Mine Property, Nevada.  The Company's
development properties include Mag Pit at Pinson; Columbia Project,
Montana and Briggs Satellite Projects, California.  Its exploration
properties include Sand Creek Uranium Joint Arrangement, Wyoming;
Blue Bird Prospect, Montana and Canadian Properties, Yukon and
British Columbia.  Its Closure Property is Kendall, Montana.  The
Briggs mine is located on approximately 156 unpatented claims,
including approximately 15 mill site claims, covering over 2,890
acres.  The Company's Pinson Mine Property is located in Humboldt
County, Nevada, over 30 miles east of Winnemucca.

Atna Resources, Inc. and its direct and indirect subsidiaries filed
Chapter 11 bankruptcy petitions (Bankr. D. Colo. Proposed Lead Case
No. 15-22848) on Nov. 18, 2015.  The petitions were signed by
Rodney D. Gloss as vice president & chief financial officer.  

Atna also sought ancillary relief in Canada pursuant to the
Companies' Creditors Arrangement Act in the Supreme Court of
British Columbia in Vancouver, Canada.

In its Chapter 11 petition, Atna estimated assets in the range of
$10 million to $50 million and liabilities of $50 million to $100
million.  

Squire Patton Boggs (US) LLP serves as counsel to the Debtors.

On Dec. 14, 2015, the Office of the United States Trustee for the
District of Colorado appointed a statutory committee of unsecured
creditors in the Chapter 11 Cases.  The Committee tapped Onsager |
Guyerson | Fletcher | Johnson as attorneys.


BUFFETS LLC: Withdraws Motion to Auction FF&E at Closed Locations
-----------------------------------------------------------------
Buffets LLC has filed a notice with the Bankruptcy Court that is
has cancelled its motion to sell all furniture, fixtures, and
equipment at the Debtors' previously-closed locations, free and
clear of all liens, claims and encumbrances

Buffets, LLC, et al., earlier withdrew a request seeking
authorization from the U.S. Bankruptcy Court for the Western
District of Texas to retain Auction Nation, LLC to sell all
furniture, fixtures, and equipment at the Debtors'
previously-closed locations, free and clear of all liens, claims
and encumbrances.  The Debtors' landlords challenged the request.

                       About Buffets LLC

Buffets LLC, et al., are one of the largest operators of
buffet-style restaurants in the U.S.  The buffet restaurants,
located in 25 states, principally operate under the names Old
Country Buffet(R), Country Buffet(R), HomeTown(R) Buffet, Ryan's(R)
and Fire Mountain(R).  These locations primarily offer self-service
buffets with entrees, sides, and desserts for an all-inclusive
price.  In addition, Buffets owns and operates an 10-unit full
service, casual dining chain under the name Tahoe Joe's Famous
Steakhouse(R).

Buffets Holdings, Inc., filed for Chapter 11 relief in January 2008
and won confirmation of a reorganization plan in April 2009.  In
January 2012, Buffets again sought Chapter 11 protection and
emerged from bankruptcy in July 2012.

In Aug. 19, 2015, Alamo Ovation, LLC acquired Buffets Restaurants
Holdings, Inc., and as a result of the merger, Buffets operated
over 300 restaurants in 35 states.

Down to 150 restaurants in 25 states after closing unprofitable
locations, Buffets LLC and its affiliated entities sought Chapter
11 protection (Bankr. W.D. Tex. Case No. Lead Case No. 16-50557) in
San Antonio, Texas, on March 7, 2016.  The cases are assigned to
Judge Ronald B. King.

The Debtors have tapped Akerman, LLP as counsel, Bridgepoint
Consulting, LLC as financial advisor and Donlin, Recano & Company
as claims and noticing agent.


BULLIONDIRECT INC: Sells Web Platform Assets to Huseman-Murph
-------------------------------------------------------------
BullionDirect, Inc., seeks authority from the U.S. Bankruptcy Court
to sell its web-based precious metals trading platform to Cheryl
Huseman and Jack Murph.

The web-based platform assets include but are not limited to: (a)
all patents, trademarks, domain names, (b) all software developed
or in various stages of development, (c) all procedures, manuals,
policies, (d) all claims past and present against any infringement
on these intellectual properties, (e) all the stock of ND Nucleo
Development Company, LLC, but excluding the causes of action of
NDC, the precious metals, other inventory, and cash, if any, of
NDC, and all of the other assets of NDC that are not needed for the
operation of Newco, and (f) all the servers stored with Zcolo.

The Debtor proposes to sell the web-based platform subject to
competitive bidding and auction.

Huseman-Murph has offered $100,000 as a purchase price, plus
capitalization of a new company in an amount of up to $200,000 --
consisting of Newco post-closing capitalization of up to $100,000
and a reserve of up to $100,000 to invest or loan to Newco if
activities are realized prior to the expenditure of the first
$100,000 yield positive results that warrant further investment and
the Creditor Support Obligations are met.

After using $100,000 purchase price proceeds and remaining cash in
estate, the balance of professional claimants of the Chapter 11
estate and any other administrative claimants, will be
beneficiaries of the Trust and receive payment from Trust's portion
of Net Income on a pro rata basis, the Debtor continues.

Under the Proposal, the creditors of the Debtor would be entitled
to share in a percentage of the profits of Newco for a period of
seven years that would be in descending percentages beginning at
80% in the first year, ending at 50% in the seventh year -- the net
profit participation of Newco will be as follows: 80% Trust/20%
Newco equity during the 1st Year, 60% Trust/40% Newco equity for
Years 2 and 3, and on Years 4-7, 50% Trust/50% Newco equity.

The Buyer will assume all ad valorem tax liabilities and other
unpaid property taxes for Calendar Year 2016 and subsequent years
assessed against the Sale Assets; however, the purchase price for
the sale assets will be adjusted downward to account for the
estate's pro rata share of all 2016 taxes.  In addition, $50,000
cash in estate will also go to creditors' Trust and remainder to be
applied towards payment of admin and/or priority claims.

BullionDirect, Inc. is represented by:

     Joseph D. Martinec, Esq.
     MARTINEC, WINN & VICKERS, P.C.
     919 Congress Avenue, Suite 200
     Austin, TX 78701- 2117
     Telephone: (512) 476-07501
     Facsimile: (512) 476-0753
     Email: martinec@mwvmlaw.com

        About BullionDirect

BullionDirect, Inc. filed a Chapter 11 bankruptcy petition (Bankr.
W.D. Tex. Case No. 15-10940) on July 20, 2015.  Dan Bensimon signed
the petition as president.  The Debtor disclosed total assets of
$48,107 and total liabilities of $16,955,330 as of the Chapter 11
filing.  Joseph D. Martinec, Esq., at Martinec, Winn & Vickers,
P.C., represents the Debtor as counsel.  Judge Tony M. Davis
presides over the case.

BullionDirect Inc. disclosed total assets of $486,107 plus an
unknown amount and total liabilities of $24,247,546 as of the
Chapter 11 filing.

The U.S. Trustee for Region 7 appointed creditors to serve on an
official committee of unsecured creditors.  The Committee tapped to
retain Dykema Cox Smith as its counsel.


CAESARS ENTERTAINMENT: Bank Debt Trades at 8% Off
-------------------------------------------------
Participations in a syndicated loan under which Caesars
Entertainment Inc. is a borrower traded in the secondary market at
92.45 cents-on-the-dollar during the week ended Friday, March 25,
2016, according to data compiled by LSTA/Thomson Reuters MTM
Pricing.  This represents an increase of 0.33 percentage points
from the previous week.  Caesars Entertainment pays 600 basis
points above LIBOR to borrow under the $ 2.5 billion facility. The
bank loan matures on Sept. 24, 2020 and carries Moody's B2 rating
and Standard & Poor's CCC+ rating.  The loan is one of the biggest
gainers and losers among 247 widely quoted syndicated loans with
five or more bids in secondary trading for the week ended March 25.


CAESARS ENTERTAINMENT: Moody's Lowers CFR to Caa1
-------------------------------------------------
Moody's Investors Service lowered the Corporate Family Ratings of
Caesars Entertainment Resort Properties, LLC (CERP) and Caesars
Growth Properties Holdings, LLC (CGPH) both to Caa1 from B3.

Caesars Entertainment Resort Properties, LLC

Ratings downgraded:

  Corporate Family Rating to Caa1 from B3

  Probability of Default Rating, to Caa1-PD from B3-PD

  Senior Secured bank term loan and revolver to B3, LGD 3 from B2,

   LGD 3

  Senior Secured first lien notes due 2020 to B3, LGD 3 from B2,
   LGD 3

  Senior Secured second lien notes due 2021 to Caa3, LGD 5 from
   Caa2, LGD 5

  Outlook remains Negative

Caesars Growth Properties Holdings, LLC

Ratings downgraded:

  Corporate Family Rating to Caa1 from B3

  Probability of Default Rating, to Caa1-PD from B3-PD

  Senior Secured bank term loan and revolver to B3, LGD 3 from B2,

   LGD 3

  Senior Secured second lien notes due 2022 to Caa3, LGD 5 from
   Caa2, LGD 5

  Outlook remains Negative

                   Corner Investment Propco, LLC

  Senior Secured Bank term loan to B3, LGD 3 from B2, LGD 3

Outlook remains Negative

The downgrades reflect a higher probability that CERP and CGPH will
be adversely impacted by the ongoing bankruptcy of Caesars
Entertainment Operating Company (CEOC) and related litigation in
light of the March 15, 2016, independent examiners report filed in
the United States Bankruptcy Court for the Northern District of
Illinois.  The examiner's report investigated many transactions
between CEOC and other entities controlled by CEC, Apollo and TPG
(the LBO Sponsors), including the asset sales that created CGPH and
added to CERP's portfolio.  The examiner's report concluded that
the assets removed from CEOC to create CERP and CGPH were
detrimental to CEOC and its creditors.  The report indicates that a
likely remedy for such alleged fraudulent transfer claims would be
either a return of the properties or more typically monetary
damages.  The range of reasonable fraudulent property transfer
claims asserted in the examiner's report are significant for both
CERP ($329M to $427M) and CGPH ($592M to $968M).  Both CERP and
CPGH have the ability to incur some additional debt under the
existing debt documents, however, Moody's notes that each company
has limited restricted payments provisions (about $50M).  While the
examiner's findings and estimated monetary damages are not binding,
the negative report increases risks associated with continuing
litigation involving all of Caesars' entities, including CERP and
CGPH.  Moody's believes the LBO Sponsors may try to increase debt
at CERP and CGPH in order to raise cash to resolve the alleged
fraudulent transfer claims.

The rating outlook for both CERP and CGPH is negative reflecting
the risk that restructuring activity at CEOC and its parent, CEC,
and related litigation involving all Caesars' entities could have a
material negative operating and financial impact on both companies.
It is not possible to estimate the final outcome of these matters
given the inherent uncertainty as well as the complexity of all the
litigation surrounding Caesars' related entities.

RATINGS RATIONALE - CERP:

CERP's Caa1 Corporate Family Rating considers its linkage to
Caesars Entertainment Operating Company (unrated) which voluntarily
filed for bankruptcy protection in January 2015, and related
litigation against all Caesars' entities, including CERP. The
ratings also consider CERP's improving operating performance in
2015 with higher revenues and much lower expenses resulting in a
material decrease in debt/EBITDA to 7.4 times from 10.3 times. CERP
is expected to generate sufficient cash flow to support most of its
interest, capex, and mandatory debt amortization over the next
year, however, nominal revolver draws may be needed.  The company's
next significant maturity is October 2018 when its $270 million
revolver is due.  Ratings could be downgraded if restructuring or
litigation activity negatively impacts CERP in any way.  The rating
outlook could revert to stable if there is tangible evidence that
CERP will not be adversely impacted financially or operationally by
unfolding events at CEOC.  A higher rating would require a
reduction in debt/EBITDA to around 6.0 times.

                     RATINGS RATIONALE – CGPH

CGPH's Caa1 Corporate Family Rating considers its linkage to
Caesars Entertainment Operating Company (unrated) which voluntarily
filed for bankruptcy protection in January 2015, and related
litigation against all Caesars' entities, including CGPH. The
ratings also consider CGPH's improving operating performance and
rising margins in 2015 that resulted in a reduction in debt/EBITDA
to 6.5 times from 7.8 times at year-end 2014.  CGPH is expected to
generate sufficient cash flow to support most of its interest,
capex, and mandatory debt amortization, but may need to make a
nominal draw on its revolver.  The company's next significant
maturity is in May 2019 when its $150 million revolver expires.
Ratings could be downgraded if restructuring or litigation activity
negatively impacts CGPH in any way.  The rating outlook could
revert to stable if there is tangible evidence that CGPH will not
be adversely impacted financially or operationally by unfolding
events at CEOC.  A higher rating would require a reduction in
debt/EBITDA to around 6.0 times.

CERP is an wholly subsidiary of Caesars Entertainment Corp (CEC)
with revenues of $2.1 billion in 2015.  CGPH is a wholly owned
subsidiary of Caesars Growth Partners, LLC, a joint venture between
CEC and Caesars Acquisition Company.  CGPH had revenues of $1.2
billion in 2015.

The principal methodology used in these ratings was Global Gaming
Industry published in June 2014.


CAPITOL LAKES: Files Schedules of Assets and Liabilities
--------------------------------------------------------
Capitol Lakes Inc. filed with the U.S. Bankruptcy Court for the
Western District of Wisconsin its schedules of assets liabilities,
disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property               $40,251,221
  B. Personal Property            15,231,192
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                               $52,178,600
  E. Creditors Holding
     Unsecured Priority
     Claims                                           $17,509
  F. Creditors Holding
     Unsecured Non-Priority
     Claims                                       $44,722,514
                                 -----------      -----------
        Total                    $55,482,413      $96,918,622

A copy of the schedules is available for free at
http://is.gd/Tqf7aL

                        About Capitol Lakes

Capitol Lakes Inc. owns and operates a continuing care retirement
community ("CCRC") located in Madison, Wisconsin.  The CCRC is
comprised of: (i) an urban high rise containing 105 independent
living units (the "Heights"), (ii) an apartment building containing
52 additional independent living units (the "Main Gate"), (iii) an
assisted living residential facility containing 43 assisted living
units (the "Terraces"), of which 39 are single occupancy and 4 are
available for double occupancy, (iv) a skilled nursing facility
with 85 active skilled nursing beds licensed by the Wisconsin
Department of Health and Family Services and certified to
participate in the Medicare and Medicaid programs (the "Health
Center"), all located on a site of approximately 3.814 acres of
land owned by Capitol Lakes located in the heart of downtown
Madison, Wisconsin.

On Jan. 20, 2016, Capitol Lakes filed a Chapter 11 bankruptcy
petition (Bankr. W.D. Wisc. Case No. 16-10158).  The case is
assigned to Judge Robert D. Martin.

As of Dec. 31, 2015, on a book value basis, Capitol Lakes has $57.6
million in assets and $104.2 million in liabilities.

The Debtor has tapped DLA Piper LLP as its legal counsel, and Cain
Brothers & Company LLC as its financial advisor.

The Office of the U.S. Trustee appointed seven creditors to the
official committee of unsecured creditors.  They are Margaret
Barker, John Burkhalter, Geri Dickson, Sally Drew, Patrick J.
Holzem, Judith Snyderman and M. Crawford Young.  Murphy Desmond
S.C. represents the committee.


CARNEGIE EMS: U.S. Trustee Unable to Appoint Committee
------------------------------------------------------
The Office of the U.S. Trustee disclosed in a court filing that no
official committee of unsecured creditors has been appointed in the
Chapter 11 case of Carnegie EMS, Inc.

Carnegie EMS, Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D. Penn. Case No. 16-20593) on February
22, 2016. The Debtor is represented by Robert S. Bernstein, Esq.,
at Bernstein-Burkley, PC.


CCNG ENERGY PARTNERS: Proposes to Sell Assets to Guggenheim
-----------------------------------------------------------
CCNG Energy Partners, L.P., in early March filed a motion to sell
its membership interests and assets and certain assets of Moss
Bluff Property, L.L.C., Trinity Environmental Catarina SWD, L.L.C.,
Trinity Environmental Services, L.L.C., Trinity Environmental SWD,
L.L.C., and Trinity Environmental Titan Trucking, L.L.C. ("Sale
Entities") to an affiliate of Guggenheim Corporate Funding, LLC.

The sale will be subject to higher and better offers and subject to
the Debtors' ability to abandon the Sale Process and Sale by
payment of the amounts due under the Pre-petition Credit Facility
and the Post-petition Credit Facility in full on or before March
31, 2016.

Absent higher and better offers, the Debtors will sell certain of
the Debtors' membership interests and other assets to Guggenheim
for a total consideration of (a) $250,000 in cash, plus (b) a
credit bid of obligations under the Pre-Petition Credit Facility as
well as any obligations incurred by the Debtors under the
Post-Petition Credit Facility, plus (c) the assumption of the
Assumed Liabilities, plus (d) the assumption of Assumed
Indebtedness, plus (e) the agreement to provide $4,500,000 subject
to certain reductions, for payment to creditors upon consummation
of the sale.

The gross proceeds of the Sale will include (a) $4.5 million
payable to holders of pre-petition unsecured claims (less any
payments to critical vendors), and (b) a $250,000 cash payment.
The cash payment will be distributed by the Debtors in accordance
with the priorities of the Bankruptcy Code.

The Debtors have outstanding obligations in the aggregate amount of
approximately $176,648,552 to lenders led by Guggenheim, as
administrative agent, under the Prepetition Credit Facility.
Lenders, led by Guggenheim as agent, have agreed to provide DIP
financing of up to $30,000,000.

In the event that the Debtors consummate an alternative transaction
instead of the proposed sale to the Guggenheim affiliate under the
terms of the Agreement, the Debtors will pay purchaser a break-up
fee equal to $3,000,000 and expense reimbursement.

The Court on Dec. 8, 2015, approved the bidding procedures, setting
a Feb. 23 auction.  There were no qualifying bids as of the bid
deadline and, accordingly, the auction was not held. Upon request
of one specific bidder as approved by the DIP Lenders, the parties
extended the bid deadline for that bidder to March 4.

A sale hearing was scheduled for March 8, 2016, which hearing was
reset to March 24.  As of March 29, the Court has not entered a
sale order.

                          Limited Objection

Ford Motor Credit Company LLC, which filed proofs of claim on
account of nine vehicles and asserts a perfected lien against the
vehicles, seeks clarification that its interests will attach to the
net proceeds of the sale transaction.

                         About CCNG Energy

CCNG Energy Partners, L.P., et al., are engaged in the business of
(a) disposing of non-hazardous oil and gas exploration and
production waste, such as mud cuttings and other solid oilfield
waste along with waste water produced during the hydraulic
fracturing and production processes, (b) truck and oilfield
equipment cleaning services, and (c) selling recovered oil and
brine.

CCNG Energy Partners, L.P. (the "Parent"), CCNG Energy Partners GP,
L.L.C. ("CCNG GP"), Trinity Environmental SWD, L.L.C., Trinity
Environmental Catarina SWD, L.L.C., Trinity Environmental Titan
Trucking, L.L.C., Moss Bluff Property, L.L.C. and Trinity
Environmental Services, L.L.C. (collectively, the "Operating
Subsidiaries") filed Chapter 11 bankruptcy petitions (Bankr. W.D.
Tex. Proposed Lead Case No. 15-70136) on Oct. 12, 2015. The
petition was signed by Daniel B. Porter as CEO of General Partner.

All of the Debtors' operations are performed by the Operating
Subsidiaries.

The Debtors estimated both assets and liabilities in the range of
$100 million to $500 million.

The Debtors were initially represented by Taube Summers Harrison
Taylor Meinzer Brown LLP.  After the firm's merger with Waller
Lansden Dortch & Davis, LLP, the Debtors have hired Waller Lansden
as counsel.

Judge Ronald B. King is assigned to the case.

The Debtors are engaged in the disposal of produced saltwater and
waste from the exploration and production of oil and gas.

In 2015, the Office of the U.S. Trustee appointed six creditors to
the official committee of unsecured creditors.  The creditors are
Sun Coast Resources Inc., KBK Industries, Sabine Storage &
Operations Inc., Cambrian Management Ltd., WLP Oilfield Services,
and Dolphin Services & Chemicals LLC.


CEQUEL DATA: S&P Affirms 'B' Corp. Credit Rating, Outlook Stable
----------------------------------------------------------------
Standard & Poor's Ratings Services said it affirmed its 'B'
corporate credit rating on St. Louis-based Cequel Data Centers L.P.
The outlook is stable.

S&P also affirmed its 'B+' issue-level rating on the company's
first-lien term loan due 2021, which will increase by $100 million
to $647 million.  The '2' recovery rating on this debt indicates
S&P's expectation for substantial (70% to 90%; lower end of the
range) recovery for lenders in the event of a payment default.  In
addition, S&P affirmed its 'B+' issue-level rating on the
first-lien revolving credit facility due 2019, which will increase
by $70 million to $145 million.  S&P also affirmed its 'CCC+'
issue-level rating on the company's second-lien term loan due 2022,
which will increase by $40 million to $220 million.  The '6'
recovery rating on this debt indicates S&P's expectation for
negligible (0% to 10%) recovery for lenders in the event of a
payment default.  The issuer of the facilities is TierPoint LLC.

The company will use the proceeds to fund the acquisition of
Cosentry Holdings, including the payment of transaction fees and
returning cash to the balance sheet.

"The ratings affirmation reflects our expectation that the
acquisition of Cosentry is relatively leverage neutral, and that
while pro forma leverage is high at 7.3x, credit metrics should
improve in 2016 absent further acquisitions," said Standard &
Poor's credit analyst William Savage.

The purchase of Cosentry follows the acquisition of Windstream's
data center assets, which closed in December 2015 and had driven
leverage above 7x.  S&P expects leverage to improve, primarily
driven by high-single to low-double-digit revenue growth over the
next few years.  Under S&P's base-case scenario, the company will
improve leverage to below 7x by mid-2016 while continuing to
generate negative free operating cash flow (FOCF) through at least
2016.  From a business risk perspective, S&P believes the
acquisition of Cosentry's data center assets benefits the company's
geographic diversity and product offerings, growing its presence in
the Midwest and increasing contributions from its more value-added
managed and cloud services revenue.

The stable rating outlook reflects S&P's belief that the company
will maintain adequate liquidity over the near term, despite its
expectation that elevated capital expenditures to support expansion
activity will lead to negative FOCF over the next 12 months.
Additionally, healthy demand for data center colocation space and
managed services should result in high-single-digit revenue growth
over the next few years, leading to leverage declining below 7x in
2016.


COEUR MINING: Moody's Confirms B3 Corporate Family Rating
---------------------------------------------------------
Moody's Investors Service confirmed the B3 Corporate Family Rating
of Coeur Mining Inc., as well as the probability of default rating
of B3-PD, senior secured rating of Ba3 and senior unsecured rating
of Caa1. The outlook is stable. This concludes the review for
downgrade initiated on January 21, 2016, reflecting an effort to
recalibrate ratings in the mining sector given perceived
fundamental shift in the operating environment. The Speculative
Grade Liquidity rating of SGL-2 remains unchanged.

Issuer: Coeur Mining, Inc.

Confirmations:

-- Probability of Default Rating, Confirmed at B3-PD

-- Corporate Family Rating, Confirmed at B3

-- Senior Secured Bank Credit Facility, Confirmed at Ba3 (LGD1)

-- Senior Unsecured Regular Bond/Debenture, Confirmed at Caa1
    (LGD4)

Unchanged:

-- Speculative Grade Liquidity Rating, unchanged at SGL-2

Outlook Actions:

-- Outlook, Changed To Stable From Rating Under Review

RATINGS RATIONALE

This rating action resolves a rating placed under review pursuant
to Moody's review of the global mining sector, parts of which have
undergone a fundamental downward shift. While gold and silver have
not experienced the same magnitude of recent price reductions seen
in base metals, they are nevertheless volatile commodities, the
price of which are hard to predict as they are not driven by normal
industrial supply and demand factors.

The rating confirmation reflects the recent improvement in the
company's credit metrics, despite the weak precious metal prices,
as a result of successful cost-reduction efforts and cash flow
contribution from the Wharf mine acquired in February 2015. Debt/
EBITDA, as adjusted by Moody's, stood at 5.5x at December 31, 2015
as compared to 7.1x a year prior. “We expect comparable metrics
over the next twelve to eighteen months, using price assumptions of
$1,100 and $15 per ounce of gold and silver, respectively. At these
price levels, the company will generate negative free cash flows;
however the company's liquidity is supported by its cash balance of
$201 million at December 31, 2015. We believe the company would
generate roughly neutral free cash flows at gold and silver prices
of $1200 and $16 per ounce respectively.”

“Coeur's B3 corporate family rating continues to reflect its
modest size and cost structure, limited operational diversity, and
exposure to geopolitical risk in Bolivia (even though we expect
proportionate cash flow contribution from Bolivia to continue to
decline).”

Coeur's Speculative Grade Liquidity rating of SGL-2 reflects
Moody's view that Coeur will maintain good liquidity over the next
four quarters, highlighted by a substantial cash cushion of $201
million at December 31, 2015.

The stable outlook reflects Moody's expectation that the company
will maintain stable or improving credit metrics over the next
twelve to eighteen months.

A positive rating action would be considered if Debt/ EBITDA, as
adjusted, were expected to be maintained below 5x.

Ratings could be downgraded if liquidity were to deteriorate and/or
Debt/ EBITDA, as adjusted, was sustained above 6x.

Coeur Mining, Inc. (Coeur) is a mid-tier silver and gold producer
whose producing properties include the Kensington gold mine in
Alaska, Rochester silver and gold mine in Nevada, Palmarejo silver
and gold mine in Mexico, the San Bartolomé silver mine in Bolivia,
and the Wharf gold mine in South Dakota. The company also has
additional assets in Mexico, Argentina and Australia. The company
reported $646 million in revenues in 2015 and sold 16.5 million
silver ounces and 335 thousand gold ounces at average realized
prices of $15.46 and $1,143 per ounce, respectively.


COVANTA HOLDING: S&P Affirms 'BB-' CCR, Outlook Stable
------------------------------------------------------
Standard & Poor's Ratings Services affirmed its 'BB-' corporate
credit ratings on Covanta Holding Corp. and Covanta Energy LLC. The
outlook is stable.

S&P also affirmed its 'BB+' rating on Covanta Energy's senior
secured debt.  The recovery rating on this debt is '1', indicating
expectations for very high (90% to 100%) recovery in a payment
default.  In addition, S&P affirmed its 'B' rating on Covanta
Holding's unsecured debt.  The recovery rating on this debt is '6',
indicating expectations for negligible (0% to 10%) recovery in a
payment default.

"We have revised three elements of our assessment of Covanta's
creditworthiness, which collectively results in an affirmation of
the 'BB-' corporate credit rating," said Standard & Poor's credit
analyst Kimberly Yarborough.  Weaker financial performance, due
largely to weak metals and power prices in the U.S. market, is
essentially balanced by what S&P views as a more favorable
financial policy and comparison to peers in its industry.

Covanta's main business of taking waste and producing and selling
large volumes of power and metals continues to perform well and the
expansion of the business in Ireland with the Dublin facility looks
favorable longer term, with construction of that plant fully funded
and progressing as planned.  Covanta continues to effectively
manage its long-term waste and service contracts. Plant operational
performance remains strong with boiler availability exceeding 90%
consistently, while the integration of acquired businesses is
progressing well.  Internal initiatives are under way to obtain
material cost reductions over the next few years, a portion of
which S&P factors into its analysis.

The stable outlook on Covanta reflects S&P's expectation that the
business will continue to manage its numerous contracts well,
maintain high asset availability, complete the construction of
Dublin within the currently expected time frame, and keep financial
performance from weakening materially from S&P's forecast over the
next 18 months.  In addition, S&P expects stable operating margins
as well as stable cash flows generated from new waste contracts,
system improvements, and organic growth opportunities in the
domestic market.  S&P expects these positive factors to offset
existing contract transitions, increased maintenance costs, and
organic growth capital spending.  Under S&P's base case, it expects
that adjusted FFO to total debt and debt to EBITDA will remain in
the 12% and 6.5x ranges, respectively, through 2017.

Factors that could lead to a rating downgrade would likely involve
poor operational performance, including boiler availability of less
than 90%, significant delays in the construction of the Dublin
facility, or further declines in metals and power prices such that
debt to EBITDA is above 6.5x or FFO to debt is below 10% on a
sustained basis.  S&P could also consider a downgrade if financial
policy, which has become more favorable in its opinion, reverts and
becomes more aggressive with capital allocations that are
disadvantageous to creditors.

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


CRITICAL CARE: Case Summary & 4 Unsecured Creditors
---------------------------------------------------
Debtor: Critical Care Medical Consultants, Inc.
        6597 Buried Treasure Court
        Las Vegas, NV 89139

Case No.: 16-11625

Chapter 11 Petition Date: March 29, 2016

Court: United States Bankruptcy Court
       District of Nevada (Las Vegas)

Judge: Hon. Bruce T. Beesley

Debtor's Counsel: David M. Gardner, Esq.
                  PENGILLY LAW FIRM
                  PO Box 371330
                  Las Vegas, NV 89137
                  Tel: (702) 889-6665
                  Fax: (702) 889-6664
                  E-mail: gardnerlawlv@gmail.com

Estimated Assets: $100,000 to $500,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Brad Esposito, president.

A list of the Debtor's four largest unsecured creditors is
available for free at http://bankrupt.com/misc/nvb16-11625.pdf


EAST ORANGE: Changes Name to EOGH Liquidation After Sale
--------------------------------------------------------
U.S. Bankruptcy Judge Vincent F. Papalia has authorized East Orange
General Hospital to change its name to EOGH Liquidation, Inc.  In
addition, the name change of Essex Valley Healthcare, Inc., to EVHI
Liquidation, Inc., is also approved.

The Bankruptcy Court and the Superior Court of New Jersey earlier
authorized the sale of substantially all of the Debtors' assets
free and clear of liens, claims, and encumbrances to Prospect EOGH,
Inc. pursuant to the terms of an Amended and Restated Asset
Purchase Agreement dated November 20, 2015.  The Sale closed as of
February 29, 2016.

To comply with the APA, the Debtors will change the name of the
Debtor East Orange General Hospital, Inc. to "EOGH Liquidation,
Inc." and to change the name of Debtor Essex Valley Healthcare,
Inc. to "EVHI Liquidation, Inc."

                     About East Orange General

Located in East Orange, New Jersey, East Orange General Hospital is
211-bed hospital that claims to be the only independent, fully
accredited, acute-care hospital in Essex County and is a recognized
leader in behavioral health services, renal dialysis, wound care,
diagnostic services, emergency services, and family health care.

East Orange General Hospital, Inc. and parent Essex Valley
Healthcare, Inc. filed Chapter 11 bankruptcy petitions (Bankr. D.
N.J. Case Nos. 15-31232 and 15-31233, respectively) on Nov. 10,
2015.  Martin A. Bieber, the interim president and chief executive
officer, signed the petitions.  The Debtors estimated both assets
and liabilities in the range of $100 million to $500 million.

The Debtors have engaged Lowenstein Sandler LLP as counsel,
PricewaterhouseCoopers LLP as financial advisor, McCarter &
English, LLP as special transactional counsel, and Prime Clerk LLC
as claims, noticing and balloting agent.

Judge Vincent F. Papalia has been assigned the case.

The Debtors employ approximately 860 individuals.

The Office of the U.S. Trustee appointed seven creditors to the
official committee of unsecured creditors.  The committee is
represented by Arent Fox LLP and Trenk, DiPasquale, Della Fera &
Sodono, P.C.

Laura L. Katz was appointed the Patient Care Ombudsman on Nov. 23,
2015.  Ms. Katz is a member of the law firm of Saul Ewing, LLP,
which also serves as her counsel in the Ch. 11 case.


EPICOR SOFTWARE: Bank Debt Trades at 6% Off
-------------------------------------------
Participations in a syndicated loan under which Epicor Software
Corp is a borrower traded in the secondary market at 94.00
cents-on-the-dollar during the week ended Friday, March 25, 2016,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents an increase of 1.13 percentage points from the
previous week.  Epicor Software pays 375 basis points above LIBOR
to borrow under the $1.4 billion facility. The bank loan matures on
May 25, 2022 and carries Moody's B2 rating and Standard & Poor's B
rating.  The loan is one of the biggest gainers and losers among
247 widely quoted syndicated loans with five or more bids in
secondary trading for the week ended March 25.


FEDERATION EMPLOYMENT: Exclusive Filing Period Extended to May 30
-----------------------------------------------------------------
U.S. Bankruptcy Judge Robert E. Grossman has extended Federation
Employment & Guidance Service, Inc.'s exclusive filing period
through and including May 30, 2016.  In addition, the exclusive
solicitation period is extended through and including July 29,
2016.

                            About FEGS

Established in 1934 amidst the Great Depression, Federation
Employment & Guidance Service, Inc. ("FEGS") is a not-for-profit
provider of various health and social services to more than 120,000
individuals annually in the areas of behavioral health,
disabilities, housing, home care, employment/workforce, education,
youth and family services.  At its peak, FEGs' network of programs
operated over 350 locations throughout metropolitan New York and
Long Island and employed 2,217 highly skilled professionals.

FEGS sought Chapter 11 bankruptcy protection (Bankr. E.D.N.Y. Case
No. 15-71074) in Central Islip, New York on March 18, 2015.

The Debtor filed applications to hire Garfunkel, Wild, P.C., as
general bankruptcy counsel; Togut, Segal & Segal, LLP, as
co-counsel; JL Consulting LLC as Restructuring Advisor, as
restructuring advisor; Crowe Horwath, LLP as accountants; and Rust
Consulting/Omni Bankruptcy as claims and noticing agent.

The Debtor disclosed $86,697,814 in assets and $45,572,524 in
liabilities as of the Chapter 11 filing.

The U.S. Trustee for Region 2 appointed three members to the
Official Committee of Unsecured Creditors.  The Committee tapped
Pachulski Stang Ziehl & Jones LLP as its counsel.


FORTESCUE METALS: Bank Debt Trades at 16% Off
---------------------------------------------
Participations in a syndicated loan under which Fortescue Metals
Group Ltd is a borrower traded in the secondary market at 83.98
cents-on-the-dollar during the week ended Friday, March 25, 2016,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents an increase of 0.48 percentage points from the
previous week.  Fortescue Metals pays 275 basis points above LIBOR
to borrow under the $ 4.95 billion facility. The bank loan matures
on June 13, 2019 and carries Moody's Ba2 rating and Standard &
Poor's BB+ rating.  The loan is one of the biggest gainers and
losers among 247 widely quoted syndicated loans with five or more
bids in secondary trading for the week ended March 25.


FR DIXIE: S&P Lowers CCR to 'B-' on Higher Leverage, Outlook Neg.
-----------------------------------------------------------------
Standard & Poor's Ratings Services lowered its corporate credit
rating on Midland, Texas-based electrical infrastructure contractor
FR Dixie Acquisition Corp. to 'B-' from 'B'.  The rating outlook is
negative.

At the same time, S&P lowered the issue-level ratings on the
company's $40 million revolving credit facility due 2018 and $280
million term loan B due 2020 to 'B-' from 'B'.  The recovery rating
on the credit facility remains '3', indicating S&P's expectation
for meaningful (50%-70%; lower half of the range) recovery in the
event of payment default.

"The downgrade reflects our view that low oil prices have
negatively affected Dixie's operating performance by more than we
had previously expected, causing the company's adjusted
debt-to-EBITDA ratio to increase significantly above 5x," said
Standard & Poor's credit analyst Noel Mangan.

Low oil prices have caused the sharp reduction in new capital
projects by Dixie's upstream oil and gas customers (exploration and
production operators).  The decline in rigs and reduced spending by
these customers has led S&P to revise downward its expectation for
company revenues in the year ahead.  S&P also forecast a decline in
EBITDA margins, driven by Dixie's shift toward less profitable
midstream and downstream work.  Compared with peers, Dixie's
smaller scale and narrower scope make the company more susceptible
to changes in business conditions. However, S&P expects Dixie's
cost flexibility and current cash balances will help preserve
sufficient liquidity for the company in the year ahead.

The negative outlook reflects at least a one-in-three possibility
that S&P could downgrade the company.  S&P could consider lowering
the rating if it appears likely that FOCF would remain negative
over a sustained period amid weaker earnings due to continued low
oil prices or as a result of missteps with acquisitions.  A
downgrade also could occur if Dixie's liquidity profile
deteriorates amid end-markets that are weaker than S&P expects for
a prolonged period, leading to customers delaying work over the
intermediate term.  S&P could lower the rating if it believes that
the company's financial commitments are unsustainable in the long
term, even if, in S&P's view, Dixie may not face a near term
(within 12 months) credit or payment crisis.

S&P could revise the outlook to stable if the company generates
positive FOCF and debt to EBITDA improves toward 6x, and if S&P
believes there is considerably lower risk of releveraging.


FUSION TELECOMMUNICATIONS: Incurs $9.8 Million Net Loss in 2015
---------------------------------------------------------------
Fusion Telecommunications International, Inc., filed with the
Securities and Exchange Commission its annual report on Form 10-K
reporting a net loss attributable to common stockholders of $9.80
million on $101.69 million of revenues for the year ended Dec. 31,
2015, compared to a net loss attributable to common stockholders of
$4.31 million on $92.05 million of revenues for the year ended Dec.
31, 2014.

As of Dec. 31, 2015, Fusion had $105.75 million in total assets,
$91.29 million in total liabilities and $14.45 million in total
stockholders' equity.

"Since our inception, we have incurred significant net losses.  At
December 31, 2015, we had working capital of approximately $1.7
million and stockholders' equity of approximately $14.5 million.
At December 31, 2014, we had working capital of $2.1 million and
stockholders' equity of approximately $13.3 million.  Our
consolidated cash balance at December 31, 2015 was $7.5 million as
compared to $6.4 million at December 31, 2014.  While we believe we
have sufficient cash to fund our operations and meet our operating
and debt obligations for the next twelve months, we may be required
to raise additional capital to support our business plan.  There
can be no assurances that such funds will be available to the
Company as and when needed or on terms deemed by us to be
acceptable.  

"During 2015 and for most of 2014, we relied primarily on the sale
of Fusion's equity securities and the cash generated from our
Business Services segment to fund operations.  On December 8, 2015,
we sold approximately 2.6 million shares of Fusion common stock for
$5.6 million.  We intend to use the net proceeds from this offering
for working capital and other general corporate purposes.

"We have never paid cash dividends on our common stock, and we do
not anticipate paying cash dividends on our common stock in the
foreseeable future.  We intend to retain all of our earnings, if
any, for general corporate purposes, and, if appropriate, to
finance the expansion of our business.  Subject to the rights of
holders of our outstanding preferred stock, any future
determination to pay dividends is at the discretion of Fusion's
Board of Directors, and will be dependent upon our financial
condition, operating results, capital requirements, general
business conditions, the terms of our senior debt and other factors
that Fusion's Board of Directors and senior management consider
appropriate."

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

                      http://is.gd/U9m8OY

                 About Fusion Telecommunications

New York City-based Fusion Telecommunications International, Inc.,
(OTC BB: FSNN) is a provider of Internet Protocol ("IP") based
digital voice and data communications services to corporations and
carriers worldwide.


GORDON COMMUNICATIONS: U.S. Trustee Unable to Appoint Committee
---------------------------------------------------------------
The Office of the U.S. Trustee disclosed in a court filing that no
official committee of unsecured creditors has been appointed in the
Chapter 11 case of Gordon Communications, Inc.

Gordon Communications, Inc. sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. S.D. Tex. Case No. 16-30744) on
February 10, 2016. The Debtor is represented by Matthew Hoffman,
Esq., at Hoffman & Saweris, p.c.


GRAPHIC PACKAGING: S&P Affirms 'BB+' CCR, Outlook Stable
--------------------------------------------------------
Standard & Poor's Ratings Services said it affirmed its 'BB+'
corporate credit rating on Georgia-based Graphic Packaging
International Inc.  The outlook is stable.

At the same time, S&P affirmed its 'BBB' and 'BB+' issue-level
ratings on the company's senior secured debt and senior unsecured
debt, respectively.  The '1' recovery rating on the company's
senior secured debt is unchanged, indicating S&P's expectation of
very high (90%-100%) recovery in the event of default.  The '3'
recovery rating on the company's senior unsecured debt is
unchanged, indicating S&P's expectation of meaningful (50%-70%;
higher end of the range) recovery in the event of default.

"The stable outlook reflects our view that Graphic Packaging will
continue to pursue an aggressive debt-financed acquisition
strategy, resulting in an adjusted debt-to-EBITDA ratio above 3x
and funds from operation to debt above 20%," said Standard & Poor's
credit analyst Daniel Lee.

S&P could lower its rating on Graphic Packaging if the company
adopted a more aggressive financial policy whereby debt-financed
acquisitions, dividends, or share repurchases caused adjusted debt
to EBITDA to exceed 4x or funds from operation (FFO) to debt fall
under 20%, on a sustained basis, with little prospect of near-term
improvement.

S&P could raise its ratings if Graphic Packaging commits to and
demonstrates an ability to maintain a financial risk profile
consistent with an investment grade rating, specifically keeping
adjusted debt to EBITDA below 3x and FFO to debt greater than 30%
on a sustained basis.  In addition, a widening of the company's
product or geographic focus could enhance its business risk
profile, serving as secondary considerations for an upgrade.


GRIGGS COUNTY: Moody's Affirms B3 Long-Term Go Issuer Rating
------------------------------------------------------------
Moody's Investors Service has affirmed Griggs County, ND's B3
long-term general obligation (GO) issuer rating as well as the B3
rating on the county's GO-supported Lease Revenue Bonds Series
2013.  The county currently has $2.0 million of lease revenue debt
outstanding.

The affirmation of the B3 long-term issuer rating reflects the
county's continued litigation to void its lease payment
obligations; stable financial operations with adequate reserve
levels relative to budget, but limited on a nominal basis; moderate
debt and pension liabilities; and its small population and limited
tax base.

The B3 lease revenue rating is rated on parity with the county's
issuer rating based on the structure of the lease obligation, which
is unconditional and not subject to annual appropriation.  It
further reflects the county's obligation to dedicate an irrevocable
10-mill lease levy for repayment and general obligation to levy a
property tax unlimited as to rate or amount in the event proceeds
of the 10-mill levy are insufficient to make annual lease
payments.

                          Rating Outlook

The developing outlook reflects the uncertain outcome of the
county's lawsuit against the Building Authority to terminate lease
obligations which payments are the source of debt service repayment
to bondholders.  A legal upholding of the county's obligations to
pay on the lease could result in upward movement on the rating, but
further attempts by the county to withhold payments on the lease
could result in further credit deterioration.

Factors that Could Lead to an Upgrade

A court ruling upholding the county's obligation to make
lease payments

Any indication of the county's commitment to pay lease
obligations until the bonds are fully repaid

Factors that Could Lead to a Downgrade

Failure of the county to make timely principal and interest
payments on their lease obligations

Legal termination of the county's obligation to make lease
payments

Legal Security

The county's long-term issuer rating is based on the county's
underlying, implicit General Obligation Unlimited Tax pledge in
which the full faith, credit and resources of the county are
pledged, payable from ad valorem taxes, which may be levied without
limitation as to rate or amount.

The Series 2013 Lease Revenue Bonds are secured by lease payments
made by the county to the Griggs County Building Authority which in
turn make debt service payments to the Trustee, the Bank of North
Dakota.  The county entered into the lease arrangement after county
voters rejected the proposed project over three successive votes.
The 2013 lease-based financing was done pursuant to North Dakota
Century Code 57-15-59, which allows for lease arrangements not to
exceed twenty years for the purpose of court, corrections or jail
facilities.  The code further allows the governing body to dedicate
a levy up to 10 mills for such purposes and, should the 10 mills at
any time become insufficient, requires the county to levy a tax
unlimited as to rate or amount as needed to fully pay on the lease
obligation.  Due to this security, the lease revenue rating in this
case is rated on parity with the implicit general obligation
unlimited tax rating of the county.  Under the terms of the lease
agreement, the county will make payments to the authority no later
than five days prior to debt service payment dates.  The lease is
unconditional, not subject to appropriation or abatement, and runs
continuously through May 1, 2033 which coincides with debt service
on the lease.  Remedies of the trustee upon default include
declaring rent due for the remaining term of the lease and taking
possession of the pledged asset.

Use of Proceeds

Proceeds of the Series 2013 Lease Revenue Bonds were used to
finance a new county courthouse adjacent to a new emergency
operations center that was concurrently financed by federal
grants.

Obligor Profile

The county is located in east central North Dakota approximately
100 miles northwest of the city of Fargo near the Sheyenne River
Valley.  The county serves a population of approximately 2,372
residents spanning 716 square miles.  There are twenty townships
and three incorporated cities within the county, with Cooperstown
serving as the county seat.

Methodology

The principal methodology used in this rating was US Local
Government General Obligation Debt published in January 2014.  An
additional methodology used in the lease backed rating was The
Fundamentals of Credit Analysis for Lease-Backed Municipal
Obligations published in December 2011.


HD SUPPLY: Moody's Raises CFR to B1, Outlook Positive
-----------------------------------------------------
Moody's Investors Service upgraded HD Supply, Inc.'s Corporate
Family Rating to B1 from B2, and its Probability of Default Rating
to B1-PD from B2-PD as well.  In related rating actions, Moody's
upgraded the senior secured debt to Ba3 from B1 and the unsecured
notes to B3 from Caa1.  Moody's also assigned a B3 to the company's
proposed $1.0 billion senior unsecured notes due 2024, which will
have substantially the same terms and conditions as the existing
$1.275 billion Senior Unsecured Notes due 2020, and rank pari passu
to each other in a recovery scenario.  Proceeds from the notes
issuance and about $124 million of cash on hand will be used to
refinance the company's existing $1.0 billion senior unsecured
notes due 2020 (at which time the ratings for these notes will be
withdrawn), and to pay related fees, expenses and make-whole
premium.  Moody's raised the Speculative Grade Liquidity Rating to
SGL-1 from SGL-2 as well.  The rating outlook is positive.

These ratings/assessments were affected by this action:

  Corporate Family Rating upgraded to B1 from B2;

  Probability of Default Rating upgraded to B1-PD from B2-PD;

  1st lien Term Loan due 2021 upgraded to Ba3 (LGD3) from B1
   (LGD3);

  1st lien Senior Secured Notes due 2021 upgraded to Ba3 (LGD3)
   from B1 (LGD3);

  Senior Unsecured Notes due 2020 upgraded to B3 (LGD5) from Caa1
   (LGD5);

  Senior Unsecured Notes due 2024 assigned B3 (LGD5).

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

                         RATINGS RATIONALE

The upgrade of HDS' Corporate Family Rating to B1 from B2 reflects
our expectations that operating profits and cash flow generation
will continue to grow organically, driven mainly by higher volumes
across its businesses, and credit metrics will continue to improve.
Over the next 12-18 months, Moody's projects HDS's operating
margins nearing 11% from 10.4% for FY15 ended Jan. 31, 2016.
Moody's expects interest coverage (measured as EBITA-to-interest
expense) approaching 2.5x compared to 1.8x for FY15 and debt
leverage improving to at least 4.5x over the next 12-18 months from
4.7x at FYE15.

Moody's anticipates gains coming from all lines of business,
especially from Facilities Maintenance.  This business, driven
mainly by maintenance, repair and operation (MRO) needs, is the
company's largest and most profitable, representing slightly less
than 40% of total revenues.  The relatively constant demand for
supplies and services needed to maintain and upgrade multifamily,
hospitality, healthcare and institutional facilities is a source of
stable earnings and potential growth as institutions increase
operating budgets, and multifamily vacancies decline.

The raise in HDS' Speculative Grade Liquidity Rating to SGL-1 from
SGL-2 results from Moody's expectations of higher levels of free
cash flow, reducing reliance on the company's revolving credit
facility.  Moody's anticipates free cash flow will be used to pay
off all revolver borrowings used for working capital needs,
resulting in substantial revolver availability by year-end.

The positive rating outlook reflects our expectation that HDS will
continue to follow conservative financial policies, apply cash flow
to debt reduction, and key credit metrics will further improve over
the next 12 to 18 months.

Moody's views the proposed notes issuance as a credit positive,
because it lowers cash interest payments and staggers and extends
the company's maturity schedule.  Anticipated cash interest savings
could approach nearly $60 million per year.  The benefits are
partially mitigated by the make-whole premium triggered by calling
existing notes and related fees, resulting in a cash break-even
point in mid-2018.  Cash interest payments are now projected to be
around $265 million, significantly lower than the peak of $620
million in fiscal 2012.  Also, the refinancing reduces the
company's refinancing risks in 2020, when the company would have
had a wall of debt totaling $2.275 billion coming due. Now HDS
needs to contend only with its $1.275 billion senior unsecured
notes in that year.

Ratings could be upgraded if:

  Adjusted Debt-to-EBITDA is sustained below 4.0x (4.7x at FYE15)
  The company continues to generate healthy free cash flow and
   apply it to permanent debt reduction

Ratings could be downgraded or the outlook revised to stable if:

  HDS' operating performance falls below expectations or the
   company deviates from conservative financial policies.
  Adjusted Debt-to-EBITDA exceeds 5.5x
  EBITA-to-interest expense remains below 2.0x (1.8x for FY15)
  Significant deterioration in the company's liquidity profile
  Sizeable share repurchases
  Large debt-financed acquisitions

HD Supply, Inc., headquartered in Atlanta, GA, is one of the
largest North American industrial distributors providing products
and services to the maintenance, repair and operations,
infrastructure and specialty construction sectors.  HDS operates
three segments: Facilities Maintenance, Waterworks, and
Construction and Industrial.  Revenues for the 12 months through
Jan. 31, 2016, totaled approximately $7.4 billion.

The principal methodology used in these ratings was Distribution &
Supply Chain Services Industry published in December 2015.


HD SUPPLY: S&P Raises CCR to 'BB-', Outlook Positive
----------------------------------------------------
Standard & Poor's Ratings Services said it raised its corporate
credit rating on HD Supply Inc. to 'BB-' from 'B+'.  The outlook is
positive.  At the same time, S&P raised its issue-level ratings on
the company's $1.5 billion asset-based lending (ABL) credit
facility to 'BB+' from 'BB'.  The '1' recovery rating on the
facility indicates S&P's expectation of very high (90%-100%)
recovery in the event of a default.

In addition, S&P raised its issue-level ratings on the company's
senior secured debt to 'BB' from 'BB-'.  The '2' recovery rating
indicates S&P's expectation of substantial (70%-90%; upper half of
the range) recovery in the event of a default.

S&P also raised its issue-level ratings on the company's unsecured
notes to 'B' from 'B-'.  The '6' recovery rating indicates S&P's
expectation of negligible (0%-10%) recovery in the event of a
default.

"The positive outlook reflects the one-in-three chance of an
upgrade, supporting our expectation that HD Supply's operating
performance and EBITDA will continue to improve coupled with
further deleveraging," said Standard & Poor's credit analyst Liley
Mehta.  "We expect that relatively favorable industry conditions
and improving margins will enable the company to generate free cash
flow of $300 million or more annually and reduce its debt."

S&P could raise the rating if it expects HD Supply's operating
performance to improve such that it could improve its FFO-to-total
debt ratio to above 20% and debt leverage consistently below 4x.
This could occur if, HD Supply further reduces its debt, possibly
with excess cash balances and its free operating cash flow.  S&P
would also expect the company to maintain a financial policy that
supports the improved credit measures.

S&P could revise the outlook to stable if weakness in its operating
performance causes its credit measures to remain at current levels.
This could happen, for instance, if there is a contraction in
commercial and residential construction market, leading S&P to
expect that the company's net adjusted debt-to-EBITDA will remain
in the 4x to 5x range.


HUB INTERNATIONAL: Bank Debt Trades at 2% Off
---------------------------------------------
Participations in a syndicated loan under which Hub International
LTD is a borrower traded in the secondary market at 97.70
cents-on-the-dollar during the week ended Friday, March 25, 2016,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents an increase of 0.62 percentage points from the
previous week.  Hub International pays 325 basis points above LIBOR
to borrow under the $ 1.951 billion facility. The bank loan matures
on Oct. 2, 2022 and carries Moody's Ba3 rating and Standard &
Poor's B rating.  The loan is one of the biggest gainers and losers
among 247 widely quoted syndicated loans with five or more bids in
secondary trading for the week ended March 25.


IMMUCOR INC: Moody's Cuts Corporate Family Rating to Caa1
---------------------------------------------------------
Moody's Investors Service downgraded the ratings of Immucor, Inc.,
including the Corporate Family Rating (CFR) to Caa1 from B3 and the
Probability of Default Rating to Caa1-PD from B3-PD. Moody's also
downgraded the ratings on the company's senior secured credit
facility from B1 to B2 and the senior unsecured notes to Caa3 from
Caa2. Lastly, Moody's lowered its Speculative Grade Liquidity
Rating on Immucor to SGL-3 from SGL-2. The outlook is stable.

The downgrade of Immucor's CFR reflects Moody's expectation that
the issuer's financial leverage will remain very high over the next
twelve to eighteen months, which could complicate its ability to
refinance its operations in the years ahead. Operating performance
and credit metrics will be pressured by continued declines in blood
demand, flat to modestly positive surgery volumes in the U.S., and
lower demand in certain international markets. Immucor faces
elevated refinancing risk as its revolver will expire in August
2017, while the remainder of its capital structure matures in
2018-2019. The downgrade of Immucor's Speculative Grade Liquidity
rating to SGL-3 reflects this increased refinancing risk and
Moody's expectation for lower free cash flow and less covenant
cushion than previously anticipated. Moody's expects that the
company will maintain adequate liquidity and generate modest free
cash flow of less than $20 million in fiscal 2017.

Ratings downgraded:

Corporate Family Rating to Caa1 from B3

Probability of Default Rating to Caa1-PD from B3-PD

Senior secured revolving credit facility expiring 2017 to B2 (LGD
3) from B1 (LGD 3)

Senior secured term loan due 2018 to B2 (LGD 3) from B1 (LGD 3)

Senior unsecured notes due 2019 to Caa3 (LGD 5) from Caa2 (LGD 5)

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

The outlook is stable.

RATINGS RATIONALE

The Caa1 Corporate Family Rating reflects Immucor's very high
financial leverage and modest free cash flow relative to debt. Its
small absolute size and limited degree of business diversity make
it vulnerable to unfavorable industry headwinds due to lower blood
demand for medical procedures, soft patient admission trends, and
rising competitive threats.

The ratings are supported by the recurring nature of Immucor's
revenue stream as its growing installed base of closed system
instruments requires the use of Immucor's reagents. The ratings are
also supported by low customer concentration, Immucor's strong U.S.
market presence and the company's history of product innovation.
The ratings also benefit from strong, albeit deteriorating margins.
Immucor is not directly exposed to government reimbursement risk.

The stable rating outlook reflects Moody's expectation that the
company will remain small and highly leveraged within an
increasingly competitive niche market over the intermediate term.
Moody's believes the company will continue to generate modestly
positive free cash flow.

The ratings could be downgraded if Moody's becomes increasingly
concerned about the sustainability of Immucor's capital structure
or the firm's ability to refinance, or if there is any
deterioration in liquidity.

Moody's could upgrade the ratings if Immucor is able to
successfully refinance its capital structure, which could be
supported by the company demonstrating sustained organic growth
that makes the capital structure tenable.

Immucor, Inc., headquartered in Norcross, Georgia, is a leading
in-vitro diagnostic blood typing and screening company that
develops and manufactures reagents and automated systems used by
hospitals, donor centers and reference laboratories. The company
also operates in the transplantation diagnostics niche through its
LIFECODES operation. The company is owned by TPG Capital. For the
twelve months ended November 30, 2015, net sales were $384
million.



INTERNATIONAL TECHNICAL: Exclusive Right to File Plan Extended
--------------------------------------------------------------
International Technical Coatings Inc. obtained a court order
extending the period of time during which it alone holds the right
to file a Chapter 11 plan.

The order, issued by Judge Madeleine Wanslee of the U.S. Bankruptcy
Court in Arizona, extended the company's exclusive right to propose
a plan to June 16, 2016, and solicit votes from creditors to August
14, 2016.  

The extension would prevent others from filing rival plans in court
and maintain the company's control over its bankruptcy case.

                  About Int'l Technical Coatings

International Technical Coatings, Inc. is a Phoenix, Arizona-based
steel wire manufacturer.  It has facilities located in Phoenix,
Arizona and Columbus, Ohio.

ITC filed a Chapter 11 bankruptcy petition (Bank. D. Ariz. Case No.
15-14709) on Nov. 18, 2015.  John Caldwel, the chairman, signed the
petition.  Judge Madeleine C. Wanslee is assigned the case.

Bank of America Bank, N.A., which is owed more than $25.7 million
in outstanding matured, defaulted loan obligations, applied for the
appointment of a receiver over ITC on Oct. 28, 2015.  The Maricopa
County Superior Court held an initial hearing on the matter on Nov.
4.  A final hearing on the appointment of a receiver was scheduled
for Nov. 18 at 1:30 p.m.  Unable to secure an agreement with the
Bank prior to the scheduled hearing, ITC filed for Chapter 11
protection.

In its petition, the Debtor estimated assets of $50 million to $100
million and liabilities of more than $10 million.

The Debtor tapped Osborn Maledon, P.A., as bankruptcy counsel.
Morris Anderson & Associates, Ltd. serves as its financial
advisor.

The Office of the U.S. Trustee appointed seven creditors to the
official committee of unsecured creditors.  Stinson Leonard Street,
LLP represents the committee.  The Law Offices of Michael W.
Carmel, Ltd. serves as its conflicts counsel. The Committee
retained KRyS Global, USA, as its financial advisor.

Secured creditor Bank of America is represented by Robert J.
Miller, Esq., Kyle S. Hirsch, Esq., and Amanda L. Cartwright, Esq.,
at Bryan Cave LLP.


ISTAR INC: S&P Assigns 'B+' Rating on $275MM Sr. Unsecured Notes
----------------------------------------------------------------
Standard & Poor's Ratings Services said it assigned its 'B+'
issue-level rating on iStar Inc.'s $275 million senior unsecured
notes due in 2021.

iStar will use the proceeds from this issuance to repay its $265
million senior notes due in July 2016.  This, coupled with
repayment of a $261 million debt issue earlier this month, leaves
$400 million in remaining debt maturities for 2016, which is due in
two issues in November.  S&P continues to view iStar's
capitalization as weak because it expects debt to adjusted total
equity leverage to be approximately 7.4x.  iStar's funding profile
and liquidity are neutral to the rating.

RATINGS LIST

iStar Inc.
Issuer Credit Rating             B+/Stable/--

New Rating
iStar Inc.
Senior Unsecured
  $275 mil. notes due 2021        B+



J. CREW: Bank Debt Trades at 21% Off
------------------------------------
Participations in a syndicated loan under which J. Crew is a
borrower traded in the secondary market at 79.08
cents-on-the-dollar during the week ended Friday, March 25, 2016,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents an increase of 10.26 percentage points from the
previous week.  J. Crew pays 300 basis points above LIBOR to borrow
under the $ 1.56 billion facility. The bank loan matures on Feb.
27, 2021 and carries Moody's B2 rating and Standard & Poor's B-
rating.  The loan is one of the biggest gainers and losers among
247 widely quoted syndicated loans with five or more bids in
secondary trading for the week ended March 25.


JAZZ ACQUISITION: Moody's Lowers CFR to Caa1, Outlook Stable
------------------------------------------------------------
Moody's Investors Service downgraded its ratings for Jazz
Acquisition, Inc ("Wencor"), including the Corporate Family Rating
(CFR) to Caa1 from B3 and its Probability of Default Rating to
Caa1-PD from B3-PD.  Concurrently, the company's senior secured
rating was downgraded to B3 from B2 and the second lien term loan
rating was downgraded to Caa3 from Caa2.  The rating outlook is
stable.

This represents Moody's rating actions and ratings for Jazz
Acquisition, Inc.

  Corporate Family Rating, downgraded to Caa1 from B3

  Probability of Default, downgraded to Caa1-PD from B3-PD

  $65 million first lien revolving credit facility due 2019,
   downgraded to B3 (LGD3) from B2 (LGD3)

  $330 million first lien term loan due 2021, downgraded to B3
   (LGD3) from B2 (LGD3)

  $155 million second lien term loan due 2022, downgraded to Caa3
  (LGD5) from Caa2 (LGD5)

Rating Outlook changed to Stable from Negative

                         RATINGS RATIONALE

The downgrade reflects a weakening earnings profile primarily
stemming from a number of internal operational challenges and
expectations of highly elevated leverage levels with Moody's
adjusted Debt-to-EBITDA anticipated to remain above 8.0x during
2016.  The downgrade also reflects concerns about a tightening
liquidity profile with reduced availability under the revolving
credit facility and a free cash flow profile that continues to
trail expectations.

The Caa1 corporate family rating (CFR) reflects Wencor's modest
size, an aggressive financial policy, and a highly leveraged
balance sheet which constrains financial flexibility and leaves
little room for error in execution.  Tempering considerations
include favorable fundamentals in commercial aerospace aftermarkets
with opportunities for further penetration of Wencor's parts
manufacturer approval (PMA) and MRO businesses.  The recurring and
non-discretionary nature of demand for many of Wencor's products
also adds support to the rating.

Moody's expects Wencor to maintain an adequate liquidity profile
over the next 12 to 18 months.  Moody's anticipates modest levels
of free cash flow generation during 2016 with FCF-to-Debt likely to
be in the low single-digits.  External liquidity is provided by a
$65 million revolving credit facility that expires in 2019.
Borrowings under the facility will remain elevated over the next
few quarters but should moderate in late 2016 as free cash flow
begins to support pay-downs on the revolver.  The facility contains
a springing net first lien leverage ratio of 7.75x (if usage
exceeds 30%) which we expect to be in effect for the majority of
2016.  Moody's anticipates modest cushions with respect to the
covenant. The company benefits from a relatively long-dated capital
structure with term debt principal obligations not due until
2021/2022.

The stable outlook reflects the favorable outlook for commercial
aerospace markets as well as Wencor's relatively long-dated capital
structure which affords the company the opportunity to address
internal operational issues and grow earnings over time.

The ratings would likely be downgraded if Wencor's free cash flow
profile were to remain weak during 2016 such that free cash flow
were below or approaching $10 million or if usage under the
revolver were to exceed levels already contemplated.  A ratings
downgrade would also likely occur if the company was expected to
breach financial covenants.  An absence of a marked improvement in
operating performance in the latter half of 2016 or leverage
sustained above 8.0x beyond 2016 could also result in a downgrade.

The ratings are unlikely to be upgraded at this time given the
company's underperformance to expectations and the highly elevated
leverage levels.  Any upward rating actions would be driven by
Debt-to-EBITDA sustained below 7.0x, FCF-to-Debt consistently in
the mid-single digits and strong operating performance across the
company's three business lines.

Jazz Acquisition, Inc. ("Wencor") designs, repairs and distributes
highly-engineered aftermarket components primarily for commercial
airline and maintenance, repair and overhaul (MRO) customers.
Headquartered in Peachtree City, Georgia and majority owned by
private equity firm Warburg Pincus, the company generated
approximately $355 million of revenues for the twelve months ended
December 2015.

The principal methodology used in these ratings was Global
Aerospace and Defense Industry published in April 2014.


JFT PROPERTIES: Case Summary & Unsecured Creditor
-------------------------------------------------
Debtor: JFT Properties, LLC
        3822 Park Ave.
        Hot Springs National, AR 71901

Case No.: 16-70762

Chapter 11 Petition Date: March 29, 2016

Court: United States Bankruptcy Court
       Western District of Arkansas (Hot Springs)

Debtor's Counsel: Brad J. Moore, Esq.
                  FREDERICK S. WETZEL, III, P.A.
                  200 North State Street, Suite 200
                  Little Rock, AR 72201
                  Tel: 501-663-0535
                  Fax: 501-372-1550
                  E-mail: jbmoore@fswetzellaw.com
                          frederickwetzel@sbcglobal.com

Total Assets: $1.09 million

Total Liabilities: $351,881

The petition was signed by Thomas F. Thomason, member.

The Debtor listed Greenwich Investors XLVII REO as its largest
unsecured creditor holding an unknown amount of claim.

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

            http://bankrupt.com/misc/arwb16-70762.pdf


LEVI STRAUSS: S&P Affirms 'BB' CCR & Revises Outlook to Positive
----------------------------------------------------------------
Standard & Poor's Ratings Services said that it affirmed its
corporate credit rating on San Francisco-based Levi Strauss & Co.
at 'BB'.  At the same time, S&P revised the outlook to positive
from stable.

S&P also affirmed its issue-level rating on the company's $500
million senior unsecured notes due May 2025 and $525 million senior
unsecured notes due May 2022 at 'BB', and revised S&P's recovery
ratings on both to '3' (from '4'), which indicates its expectation
for lenders to receive meaningful recovery (50% to 70%, in the
upper half of the range) in the event of payment default.

S&P estimates the company's adjusted debt was approximately $1.7
billion as of Nov. 29, 2015.

"The outlook revision reflects our view that Levi Strauss could
sustain lower debt leverage over the forecast horizon than we
previously anticipated, largely as a result of improved gross
margins.  These improvements stem from cuts in product counts and
moving the design center to the U.S. (from Turkey), which should
strengthen its design and fashion capabilities while improving
sell-through and speed to market," said Standard & Poor's credit
analyst Peter Deluca.

Improving supply chain efficiency and expanding the
direct-to-consumer segment will improve the revenue mix will
further widen margins.  Nevertheless, ongoing foreign currency
headwinds, weakening retail sales in the U.S., and an untested
financial policy could lead to deviations from S&P's base-case
forecast.

S&P expects foreign currency headwinds to weaken revenues, but this
should be partially offset by strong overseas growth in
higher-margin European and Asia-Pacific markets and modest domestic
growth.  S&P anticipates EBITDA will be essentially flat in 2016
despite one-time marketing outlays related to the 2016 Super Bowl
contested at Levi's Stadium, as these are offset by S&P's
expectations of continued cost savings.  As S&P do not expect the
latter expense to recur in 2017, it projects Levi Strauss could
further improve EBITDA in 2017 from new products and gradually
improving performance at Dockers.  S&P forecasts only minimally
increasing dividend payments as it anticipates the family
shareholders will allow the company to continue to strengthen its
balance sheet.

The ratings reflect the company's leading global market position in
denim bottoms, S&P's expectation that the Levi's brand will
continue to resonate with consumers worldwide, steady demand for
denim products as a staple component of consumers' wardrobe, and
the company's ongoing efforts to improve operating efficiency.
S&P's assessment also factors the company's participation in the
highly competitive denim and casual pants segment, inherent
industry fashion risk, and narrow business focus.  S&P also
believes the company benefits from its well-known Levi's brand,
long operating history, and distribution channel diversity.  S&P
expects continuing overseas expansion via franchisees and
e-commerce initiatives will further improve revenue diversity.

S&P expects the company will support its Dockers' brand with
increasing advertising and promotion spending in 2016 around its
30th anniversary to reverse recent trends and to strengthen the
performance of this core brand.  The company's supply chain is
global and primarily includes third-party manufacturers with no
concentrations by country.  The primary input cost is cotton as S&P
estimates that the cotton content per bottom is about two-pounds.

The positive outlook reflects the likelihood that S&P could raise
the ratings on Levi Strauss if the company demonstrates ability and
willingness to maintain debt-to-EBITDA leverage below 2.5x over the
next 12 months, and sustain it over the following 12 months.  S&P
believes the company is well-positioned for maintaining stronger
credit metrics, mainly as a result of improved profitability,
declining debt levels, and good cash flow generation.  S&P
believes, however, Levi Strauss' future financial risk profile is
influenced by how much free cash flow the company chooses to
allocate between acquisitions, debt reduction, and unexpected
shareholder distributions.



MADISON NICHE: Court Grants Petition to Recognize Cayman Cases
--------------------------------------------------------------
A U.S. bankruptcy court granted the petition of the official
liquidators of Madison Niche Assets Fund, Ltd. and Madison Niche
Opportunities Fund, Ltd. to recognize the companies' liquidation
proceedings in Cayman Islands.  

Christopher Barnett Kennedy and Matthew James Wright filed Chapter
15 petition in the U.S. Bankruptcy Court in Delaware in order to
get the companies' liquidation proceedings to be recognized as a
foreign main proceeding.

If a foreign proceeding is recognized as a foreign main proceeding,
the automatic stay under Section 362 of the Bankruptcy Code
automatically applies to stay actions against assets of a debtor
located in the United States.

The official liquidators had earlier defended the petition against
criticisms from TMC Consulting Services LLC, saying the liquidation
proceedings satisfy the requirements for recognition as foreign
main proceedings.  

The objection had already been resolved, court filings show.  

The official liquidators filed the petition on Jan. 11.  On Jan.
13, U.S. Bankruptcy Judge Kevin Carey ordered the joint
administration of the companies' Chapter 15 cases.


MEDASSETS INC: S&P Affirms 'B' CCR Then Withdraws Rating
--------------------------------------------------------
Standard & Poor's Ratings Services affirmed its 'B' corporate
credit rating on MedAssets Inc.  The outlook is stable.  The
company was acquired by Vizient Inc.  The rating affirmation is
based on S&P's view that MedAssets is a core subsidiary of Vizient
Inc. (B/Stable/--) and as a result, the ratings have been
equalized.  After the acquisition closed, Vizient spun off the
revenue cycle management business of MedAssets to Pamploma Capital
Management.  In assigning the rating of Vizient, S&P did not assume
the revenue cycle management business would be retained.

S&P subsequently withdrew all ratings, including the corporate
credit rating because all of MedAssets' debt has been repaid.



MIDCONTINENT EXPRESS: Moody's Lowers CFR to Ba2, Outlook Negative
-----------------------------------------------------------------
Moody's Investors Service downgraded Midcontinent Express Pipeline
LLC's (MEP) Corporate Family Rating and senior unsecured notes
rating to Ba2 from Ba1.  Moody's assigned a Probability of Default
Rating of Ba1-PD.  The rating outlook was changed to negative from
stable.

"The downgrade reflects Midcontinent Express Pipeline's significant
counterparty risk due to its contractual exposure to Chesapeake
Energy Corporation (Caa2 negative), which may lead to lost
revenue," said Terry Marshall.  "In addition most of MEP's existing
contracts roll off in 2019.  Based on current market conditions we
expect contracts to be renegotiated at substantially lower rates,
which could result in higher leverage".

Downgrades:

Issuer: Midcontinent Express Pipeline LLC

  Corporate Family Rating, Downgraded to Ba2 from Ba1

  Senior Unsecured Regular Bond/Debenture, Downgraded to Ba2(LGD4)

   from Ba1(LGD4)

Assignments:

Issuer: Midcontinent Express Pipeline LLC

  Probability of Default Rating, Assigned Ba1-PD

Outlook Actions:

Issuer: Midcontinent Express Pipeline LLC

  Outlook, Changed To Negative From Stable

                         RATINGS RATIONALE

MEP's Ba2 CFR reflects significant contractual exposure to weak
counterparties and re-contracting risk as most of its contracts
roll off in 2019.  MEP has 90% of its capacity under firm
contracts, of which approximately 50% is contracted with two Caa2
rated E&P shippers (mostly Chesapeake (Caa2 negative) but also to a
small extent, Sandridge (Caa2 stable)).  The 2019 contract roll off
is concurrent with MEP's remaining $450 million debt maturity. The
rating also considers the company's full payout of its cash flow to
its owners, Kinder Morgan Inc. (KMI, Baa3 stable) and Energy
Transfer Partners, L.P. (ETP, Baa3 stable), which means that MEP is
not building liquidity to repay its 2019 debt maturity.  KMI and
ETP have in the past invested substantial equity in MEP, including
in 2014 to fund MEP's $350 million debt maturity.

MEP's ratings are constrained by being a producer-push pipeline
with firm contracts that may be difficult to renew on similar terms
as they roll off (current contracts are approximately $0.42/Mcf
from beginning of Zone 1 through Zone 2).  These contracts were
signed at a time when rapidly expanding natural gas production from
new shale plays provided negotiating leverage to the builders of
infrastructure.  The build out of new pipelines from the Northeast
to the Southeast has increased overall capacity out of that region
and has made Marcellus natural gas more competitive in the
Southeast, the primary region served by MEP. However there are
additional sources of natural gas supply from the Midcontinent that
could be shipped on the pipeline.  The rating is supported by MEP's
strong financial metrics.  Absent any counterparties not fulfilling
their payment obligations, the cash flow is expected to remain
stable through 2018 due to the take or pay contracts.  MEP ships to
Transco Station 85, where gas can be sold at a premium to the
Midcontinent prices, which makes the MEP pipeline attractive.
Longer term, MEP could benefit from further development of the
SCOOP and the STACK plays in Oklahoma due to MEP's lease capacity
on one of Enable Midstream Partners' (Baa3 stable) gathering
systems, which services the SCOOP and STACK plays and ties into one
of MEP's receipt points.  In addition power companies will have
increasing demand for natural gas in areas serviced by MEP.

MEP has adequate liquidity through 2016.  At Dec. 31, 2015, MEP had
negligible cash, no revolving credit facility and no financial
covenants.  MEP replaced its $75 million unsecured credit facility
with a $40 million intercompany working capital line.  Moody's do
not include the working capital line in Moody's liquidity
assessment as it matures in February 2017.  Moody's expects that
all of the cash flow after maintenance capital (about $160 million
in each of 2016 and 2017) will be distributed to the equity holders
leaving nothing available to amortize debt maturities.  MEP has no
debt maturities until September 2019 when the $450 million notes
are due.  Secondary liquidity through asset sales is limited given
the pipeline is the only asset of the company, but the sale of
additional joint venture interests is possible.

The negative outlook reflects Moody's expectation MEP's weaker
counterparties might not be able to fulfill their payment
obligations for the duration of the contracts leading to lower cash
flow and higher leverage.

The rating could be downgraded if credit quality of MEP's
counterparties deteriorates or if adjusted debt to EBITDA appears
likely to exceed above 5x.

The rating could be upgraded if MEP's contract counterparty risk
improves while maintaining leverage below 4.0x on a sustainable
basis or if excess cash flow is used to build meaningful liquidity
to be able to pay off the 2019 maturity rather than paid out as
distributions to the shareholders.

Midcontinent Express LLC is a 50/50 joint venture between
subsidiaries of Kinder Morgan Inc. and Energy Transfer Partners,
L.P..  The pipeline originates near Bennington, Oklahoma, cuts
across northeast Texas, northern Louisiana, central Mississippi,
and terminates at Transco Station 85 near Butler, Alabama.

The principal methodology used in these ratings was Natural Gas
Pipelines published in November 2012.


MIDSTATES PETROLEUM: Amends Disclosure on Proved Reserves Value
---------------------------------------------------------------
Midstates Petroleum Company, Inc., on March 24, 2016, provided
select operational updates for the quarter and year ended Dec. 31,
2015.  The text of the Original Operational Update incorrectly
disclosed that the PV-10 value of proved reserves at strip pricing
as of March 21, 2016 was $785.8 million.  The correct PV-10 value
of proved reserves at strip pricing as of March 21, 2016, was
$663.9 million.

                About Midstates Petroleum Company

Midstates Petroleum Company, Inc. --
http://www.midstatespetroleum.com/-- is an independent exploration
and production company focused on the application of modern
drilling and completion techniques in oil and liquids-rich basins
in the onshore U.S. Midstates' drilling and completion efforts are
currently focused in the Mississippian Lime oil play in Oklahoma
and Anadarko Basin in Texas and Oklahoma.  The Company's operations
also include the upper Gulf Coast tertiary trend in central
Louisiana.

Midstates reported net income of $117 million on $794 million of
total revenues for the year ended Dec. 31, 2014, compared to a net
loss of $344 million on $470 million of total revenues for the year
ended Dec. 31, 2013.

As of Dec. 31, 2014, the Company had $2.47 billion in total assets,
$2 billion in total liabilities and $466 million in total
stockholders' equity.

The Company's independent auditor, Deloittee & Touche LLP, in
Houston, Texas, issued a "going concern" qualification on the
consolidated financial statements for the year ended Dec. 31, 2014,
citing that Midstates' projected debt covenant violation and
resulting lack of liquidity raise substantial doubt about its
ability to continue as a going concern.

                             *    *    *

Midstates Petroleum carries a 'B' corporate credit rating from
Standard & Poor's Ratings Services.

As reported by the TCR on April 8, 2013, Moody's Investors Service
affirmed Midstates Petroleum's 'B3' Corporate Family Rating.


MIDWAY GOLD: To Accept Bids for Remaining Assets Until May 2
------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Colorado has approved
procedures that will govern the sale of Midway Gold US, Inc. and
its debtor-affiliates' remaining assets.

Bankruptcy Judge Michael E. Romero on March 25, 2016, entered an
order approving certain bid procedures, contract assumption and
assignment procedures, auction procedures and related relief,
including the fixing of important dates and deadlines, which will
govern the remainder of the sale process.

The Debtors on March 7, 2016, filed a Motion for Entry of: (I) an
Order (A) Approving Bidding and Auction Procedures for the Sale of
Substantially all of the Debtors'
Remaining Assets, (B) Scheduling an Auction, Sale Hearing, and
Other Dates and Deadlines, (C) Authorizing the Debtors to Designate
a Stalking Horse Purchaser and Grant Stalking Horse Protections,
(D) Approving the Assumption and Assignment of Contracts and Leases
and Related Cure Procedures, and (E) Granting Related Relief, and
(II) an Order Approving the Sale of Substantially All of the
Debtors' Remaining Assets Free and Clear of Liens, Claims, and
Encumbrances.

The Debtors seek, among other things, authority to sell
substantially all of their remaining assets free and clear of
liens, claims, and interests to the fullest extent permitted by 11
U.S.C. Sec. 363(f) through a sale and auction process that
commenced in December 2015.


Pursuant to the Bankruptcy Court's order, all objections to the
proposed sale (other than those relating to a specific bidder or
transaction) must be filed with the Bankruptcy Court and served on
the Objection Notice Parties so as to be actually received on or
before April 18, 2016.  All sale objections relating to a specific
bidder or transaction ultimately selected by the Debtors as the
highest and best bidder and transaction in accordance with the Bid
Procedures must be filed with the
Bankruptcy Court and served on the Objection Notice Parties so as
to be actually received by 4:00 p.m. prevailing Mountain Time on or
before one business day before the Sale Hearing.

All objections to the proposed assumption and assignment of any
contract or lease, including any proposed cure amounts, must be
filed with the Bankruptcy Court and served in accordance with the
Contract Procedures as set forth in the Bid Procedures Order.

The deadline for submitting bids in accordance with the Bid
Procedures Order is May 2, 2016 at 4:00 p.m., prevailing Mountain
Time.

In connection with designating a stalking horse purchaser, the
Debtors are authorized, but not directed, to grant any or all of
the Stalking Horse Protections as described in the Motion and in
accordance with the Bid Procedures.

An auction is scheduled to take place on May 5, 2016 at 10:00 a.m.
prevailing Mountain Time at the offices of Squire Patton Boggs (US)
LLP located at 1801 California Street, Suite 4900, Denver, CO
80202, subject to cancellation, rescheduling, and/or adjournment as
provided in the Bid Procedures.

A Sale Hearing on the Sale Motion and any objections thereto has
been scheduled for May 9, 2016 at 11:00 a.m. prevailing Mountain
Time, which will be held at the United States Bankruptcy Court for
the District of Colorado, 721 19th Street, Denver, CO 80202.  The
Court set aside May 13 to as an extra hearing date if more time is
needed.

All sale objections -- other than objections relating to specific
bidders or transactions ultimately selected by the Debtors as the
highest and best bidders and transactions in accordance with the
Bid Procedures -- must be filed with the Court and submitted to the
Debtors and their counsel, as well as to:

     -- Moelis & Company LLC
        Attn: Barak Klein
              Carlo De Girolamo
        399 Park Avenue, 5th Floor
        New York, NY 10022
        E-mail: barak.klein@moelis.com
                carlo.degirolamo@moelis.com

     -- FTI Consulting
        Attn: Dan Brosious
        1001 17th Street, Suite 1100
        Denver, CO 80202
        E-mail: dbrosio@fticonsulting.com

     -- counsel to the Committee:

        Cooley LLP
        Attn: Jeffrey Cohen
              Seth Van Aalten
        1114 Avenue of the Americas
        New York, NY 10036
        E-mail: svanaalten@cooley.com
                jcohen@cooley.com

     -- counsel for Commonwealth Bank of Australia:

        Luskin, Stern & Eisler LLP
        Attn: Richard Stern
              Alex Talesnick
        11 Times Square
        New York, NY 10036
        E-mail: stern@lsellp.com
                talesnick@lsellp.com

     -- counsel for HCP:

        Perkins Coie LLP
        Attn: Alan Smith
        1201 Third Avenue, 40th Floor
        Seattle, WA 98101
        E-mail: adsmith@perkinscoie.com

             - and -

        DBS Law
        Attn: Daniel Bugbee
        155 NE 100th Street, Suite 205
        Seattle, WA 98125
        E-mail: dbugbee@lawdbs.com

     -- the Office of the United States Trustee
        Attn: Leo Weiss
        Bryon G. Rogers Federal Building
        1961 Stout Street, Suite 12-200
        Denver, CO 80294
        E-mail: Leo.M.Weiss@usdoj.gov

The Debtors are represented by:

        Stephen D. Lerner, Esq.
        SQUIRE PATTON BOGGS (US) LLP
        221 E. Fourth Street, Suite 2900
        Cincinnati, OH 45202
        Tel: (513) 361-1200
        Fax: (513) 361-1201
        E-mail: Stephen.lerner@squirepb.com

             - and -

        Harvey Sender, Esq.
        Aaron J. Conrardy, Esq.
        SENDER WASSERMAN WADSWORTH, P.C.
        1660 Lincoln Street, Suite 2200
        Denver, CO 80264
        Tel: (303) 296-1999
        Fax: (303) 296-7600
        E-mail: hsender@sww-legal.com
                aconrardy@sww-legal.com

The Debtors on March 23, 2016, filed a Notice of Extension of Sale
Process Milestone Dates and Revised Form of Proposed Bid Procedures
Order and Other Sale Related Documents, pursuant to which the
Debtors advised of their agreement with Commonwealth Bank of
Australia to extend the sale milestone dates set forth in the final
cash collateral order by approximately 30 days.  The Debtors said
they have successfully resolved all objections to the procedural
relief requested in the Motion and the entry of the Revised Bid
Procedures Order and, thus, the Motion is unopposed. The Debtors
have filed stipulations with all but one of the objecting parties
with the Court reflecting their agreement to the entry of the
Revised Bid Procedures Order and to the reservation and adjournment
of their respective objections to the sale hearing.  

                       About Midway Gold

Midway Gold Corp., incorporated on May 14, 1996 under the laws of
the Province of British Columbia, Canada, is engaged in the
acquisition, exploration and development of mineral properties
located in the state of Nevada and Washington.

Midway Gold operates primarily through its wholly-owned subsidiary
located in the United States, Midway Gold US Inc.  The executive
offices are in Englewood, Colorado.  Midway US currently has one
gold producing property: the Pan gold mine located in White Pine
County, Nevada.  Midway also has gold properties which are
exploratory stage projects where gold mineralization has been
identified, such as the Tonopah project in Nye County, Nevada, the
Gold Rock project in White Pine County, Nevada, and the Golden
Eagle project in Ferry County, Washington.  Out of these projects,
a permitting process has been undertaken only for the Gold Rock
project.  Finally, Midway's Spring Valley property, another gold
property located in Pershing County, Nevada, is subject to a joint
venture with Barrick Gold Exploration Inc.

On June 22, 2015, Midway Gold US Inc. and 12 related entities,
including parent Midway Gold Corp. each filed a petition in the
U.S. Bankruptcy Court for the District of Colorado seeking relief
under Chapter 11 of the U.S. Bankruptcy Code.  The Debtors' cases
have been assigned to Judge Michael E. Romero.  

Judge Michael E. Romero directed the joint administration of the
cases under Case No. 15-16835.

The Debtors tapped Squire Patton Boggs (US) LLP as lead bankruptcy
counsel; Sender Wasserman Wadsworth, P.C., as special bankruptcy
and restructuring counsel; DLA Piper (Canada) LLP, as Canadian
bankruptcy counsel; Ernst & Young Inc., as information officer of
Canadian court; RBC Capital Markets, as investment banker; FTI
Consulting as financial advisor; and Epiq Solutions, as claims and
noticing agent.

Midway Gold Corp. disclosed $184 million in assets and $62.4
million in liabilities as of March 31, 2015.  Midway Gold US Inc.,
disclosed total assets of $2,461,673 and total liabilities of  
$122,448,181 as of the Chapter 11 filing.

In July, the U.S. Trustee overseeing the Debtors' cases appointed
seven creditors to serve on the official committee of unsecured
creditors.  The creditors are American Assay Laboratories, EPC
Services Company, InFaith Community Foundation, Jacobs Engineering
Group Inc., SRK Consulting (US) Inc., Sunbelt Rentals, and Boart
Longyear.  Gavin/Solmonese LLC serves as its financial advisor.


MOLYCORP INC: Files 4th Amended Reorganization Plan
---------------------------------------------------
Molycorp Inc. filed with the U.S. Bankruptcy Court for the District
of Delaware a Fourth Amended Joint Plan of Reorganization.

According to BankruptcyData, the Plan notes, "The Effective Date
shall not occur and the Plan shall not be consummated unless and
until each of the following conditions have been satisfied or duly
waived pursuant to Section X.C: (1) The Confirmation Order shall be
in full force and effect and not be subject to any stay or
injunction; (2) The DIP Facility maturity date shall not have
occurred; (3) If the Downstream Businesses Sale Trigger occurs, all
conditions to closing the Downstream Businesses Sale shall have
been satisfied or waived in accordance with the terms of the
Downstream Businesses Sale Agreements; (4) The final form of all
Plan Documents and all Plan Supplement documents shall be in form
and substance acceptable to the Plan Debtors, subject to the
Oaktree Consent Right and, solely with respect to those issues
contained in the Committee Settlement Agreement, the Creditors'
Committee Consent Right, the Directors and Officers Consent Right
and the National Union Consent Right; provided that the order
approving the 10% Noteholder Group Settlement or portion of the
Confirmation Order concerning the 10% Noteholder Group Settlement
as applicable, shall be acceptable to the Ad Hoc 10% Noteholders,
Oaktree and the Debtors; (5) All governmental and material third
party approvals and consents . . . will have been obtained or
entered, not be subject to unfulfilled conditions and be in full
force and effect, and all applicable waiting periods will have
expired without any action being taken or threatened by any
competent authority that would restrain, prevent or otherwise
impose materially adverse conditions on such transactions; and (6)
All documents and agreements necessary to implement the Plan will
have (a) been tendered for delivery and (b) been effected or
executed by all Entities party thereto, or will be deemed executed
and delivered by virtue of the effectiveness of the Plan . . . and
all conditions precedent to the effectiveness of such documents and
agreements will have been satisfied or waived pursuant to the terms
of such documents or agreements."

                       About Molycorp, Inc.

Molycorp Inc. -- http://www.molycorp.com/-- is a global rare  
earths and rare metals producer.  Molycorp owns several prominent
are 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.  The Creditors
Committee tapped Ashby & Geddes, P.A. and Paul Hastings LLP as
attorneys.

Wells Fargo Bank, the cash collateral lender, is represented in the
case by J. Cory Falgowski, Esq., Eric A. Schaffer, Esq., Roy W.
Arnold, Esq., and Luke A. Sizemore, Esq., at Reed Smith LLP.

                           *     *     *

Judge Christopher Sontchi in Delaware approved the disclosure
statement explaining the Debtors' Plan on Jan. 20, 2016, after the
Debtors revised the Disclosure Statement to incorporate certain
modifications directed by the Court during the Jan. 14 hearing.

The Plan contemplates two possible outcomes: (1) the sale of
substantially all of the Debtors' assets if certain conditions set
forth in the Plan are satisfied and (2) (a) the sale of the assets
associated with the Debtors' Mountain Pass mining facility in San
Bernardino County, California; and (b) the stand-alone
reorganization around the Debtors' other three business units.


NATIONAL CINEMEDIA: Regal Entertainment Holds 31.3% Stake
---------------------------------------------------------
(Jhonas SEC March 30 1)
In an amended Schedule 13D filed with the Securities and Exchange
Commission, Regal Entertainment Group, The Anschutz Corporation and
Philip F. Anschutz reported that as of March 17, 2016, they
beneficially own 27,072,701 shares of common stock of National
Cinemedia representing 31.3 percent of the shares outstanding.  A
copy of the regulatory filing is available for free at:

                      http://is.gd/aw6bqC

                    About National CineMedia

National CineMedia, Inc., is the holding company of National
CineMedia, LLC.  NCM LLC operates the largest digital in-theatre
network in North America, allowing NCM to distribute advertising,
Fathom entertainment programming events and corporate events under
long-term exhibitor services agreements with American Multi-Cinema
Inc., a wholly owned subsidiary of AMC Entertainment Inc.; Regal
Cinemas, Inc., a wholly owned subsidiary of Regal Entertainment
Group; and Cinemark USA, Inc., a wholly owned subsidiary of
Cinemark Holdings, Inc.  NCM LLC also provides such services to
certain third-party theater circuits under "network affiliate"
agreements, which expire at various dates.

For the year ended Dec. 31, 2015, the Company reported net income
attributable to the Company of $15.4 million on $447 million of
revenue compared to net income of $13.4 million on $394 million of
revenue for the year ended Jan. 1, 2015.

As of Dec. 31, 2015, National Cinemedia had $1.08 billion in total
assets, $1.25 billion in total liabilities and a $171.7 million
total deficit.

                            *     *     *

As reported by the TCR on March 24, 2011, Standard & Poor's
Ratings Services raised its corporate credit ratings on
Centennial, Colorado-based National CineMedia Inc. and
operating subsidiary National CineMedia LLC (which S&P analyzes on
a consolidated basis) to 'BB-' from 'B+'.  "The 'BB-' corporate
credit rating reflects S&P's expectation that NCM's EBITDA growth
will enable the company to continue to de-lever over the
intermediate term despite its aggressive dividend policy," said
Standard & Poor's credit analyst Jeanne Shoesmith.


NEIMAN MARCUS: Bank Debt Trades at 9% Off
-----------------------------------------
Participations in a syndicated loan under which Neiman Marcus Group
Inc. is a borrower traded in the secondary market at 91.36
cents-on-the-dollar during the week ended Friday, March 25, 2016,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents a decrease of 1.16 percentage points from the
previous week.  Neiman Marcus pays 300 basis points above LIBOR to
borrow under the $ 2.9 billion facility. The bank loan matures on
Oct. 16, 2020 and carries Moody's B2 rating and Standard & Poor's
B- rating.  The loan is one of the biggest gainers and losers among
247 widely quoted syndicated loans with five or more bids in
secondary trading for the week ended March 25.


NEWBURY COMMON ASSOCIATES: Can Employ Anchin Block as Accountant
----------------------------------------------------------------
The Bankruptcy Court has authorized Newbury Common Associates, LLC,
et al., to employ Anchin Block & Anchin LLP as forensic
accountants, nunc pro tunc to the Petition Date.

The Debtors anticipate that Anchin will render forensic accounting
services in connection with the Internal Investigation, including,
without limitation, matters as directed by Dechert and such other
matters as Anchin believes are necessary in order to properly
counsel the Debtors on the Internal Investigation.  In addition, to
the extent requested by the Debtors, Anchin will prepare the 2015
tax returns for each of the Debtors.

Pursuant to the Engagement Letter, Anchin intends to seek
compensation on an hourly basis, based on the amount of
professional time at the rates set forth below, which vary
depending upon the experience level of the professionals involved.
The hourly rates of Anchin's professionals by level are:

         Anthony Bracco                       $550
         Other Partners                    $550 to $600
         Senior Managers and Directors     $315 to $380
         Managers/Supervisors              $180 to $315
         Staff                             $145 to $180
         Clerical                             $120

In addition, Anchin will seek reimbursement of reasonable
out-of-pocket expenses and similar expenses incurred in providing
the Services.

Anthony Bracco assures the Court that the Firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code and does not represent any interest adverse to the Debtor.

The firm can be contacted at:

         Anthony M. Bracco
         ANCHIN BLOCK & ANCHIN LLP
         1375 Broadway
         New York, NY 10018
         Tel: (212) 840-3456
         Fax: (212) 840-7066
         E-mail: Anthony.Bracco@anchin.com

                 About Newbury Common Associates

Newbury Common Associates, LLC, et al., comprise a corporate
enterprise that owns a diverse portfolio of high quality,
distinctive commercial, hospitality and residential properties with
an aggregate of approximately 800,000 square feet located primarily
in Stamford, Connecticut.

On Dec. 13, 2015, Newbury Common Associates, LLC, and 13 affiliates
each commenced a voluntary case (Bankr. D. Del. Lead Case No.
15-12507) under chapter 11 of the Bankruptcy Code, and on Dec. 14,
Tag Forest LLC commenced a Chapter 11 case (collectively, "Original
Debtors").  On Feb. 3, 2016, Newbury Common Member Associates, LLC
and 8 affiliates commenced a voluntary case under chapter 11 of the
Bankruptcy Code; and then on Feb. 4, 88 Hamilton Avenue Associates,
LLC filed a Chapter 11 petition (collectively "Additional
Debtors").

Seaboard Realty, LLC, its principals or entities it manages serve
as the manager under the operating agreements for each of the
Debtors and is owned 50% by John J. DiMenna, Jr., 25% by Thomas L.
Kelly, Jr. and 25% by William A. Merritt, Jr.  The Original Debtors
other than Seaboard Residential, LLC, Tag, and Newbury Common
Associates, LLC, are holding companies whose assets are
substantially comprised of the equity of the Property Owner
Debtors.  The Debtors' eight operating property are owned by the
"Property Owner Debtors", namely Century Plaza Investor Associates,
LLC; Seaboard Hotel Associates, LLC; Seaboard Hotel LTS Associates,
LLC; Park Square West Associates, LLC; Clocktower Close Associates,
LLC; One Atlantic Investor Associates, LLC; 88 Hamilton Avenue
Associates, LLC; 220 Elm Street I, LLC; 300 Main Street Associates,
LLC; and Seaboard Residential, LLC.

The Original Debtors' chapter 11 cases are being jointly
administered pursuant to an order entered Dec. 18, 2015.  The
Debtors later won approval of a supplemental motion seeking joint
administration of the Additional Debtors' Chapter 11 cases with the
cases of the Original Debtors for procedural purposes only.

As of Jan. 7, 2016, the Debtors had incurred purported aggregate
funded secured indebtedness of approximately $177.2 million in
principal, including approximately $150.4 million of property-level
secured debt and approximately $26.8 million of purported and
allegedly unauthorized mezzanine debt.

The Debtors tapped Young Conaway Stargatt & Taylor, LLP, and
Dechert LLP as attorneys, and Donlin Recano as claims and noticing
agent.


NEWBURY COMMON ASSOCIATES: Waterbridge Appointed as Director
------------------------------------------------------------
Debtor-affiliate Seaboard Realty, LLC, filed a notice appointing
Howard Altschul of Waterbridge Advisors LLC to serve as an
Independent Director and Managing Member of Seaboard.

On January 29, 2016, Debtor-affiliates One Atlantic Investor
Associates, LLC, Clocktower Close Associates, LLC, and Elm Street
I, LLC, appointed Waterbridge to serve as Independent Director.

Seaboard Realty will pay the Independent Director a monthly fee
equal to $17,500 payable in advance on the 15th of each month.
Seaboard agrees to pay the fee for an initial 12-month period
regardless of whether the Debtor uses the services of the
Independent Director.  In no event will the total compensation
payable to the Independent Director be less than $210,000 for the
one-year period ending Dec. 15, 2016.

                 About Newbury Common Associates

Newbury Common Associates, LLC, et al., comprise a corporate
enterprise that owns a diverse portfolio of high quality,
distinctive commercial, hospitality and residential properties with
an aggregate of approximately 800,000 square feet located primarily
in Stamford, Connecticut.

On Dec. 13, 2015, Newbury Common Associates, LLC, and 13 affiliates
each commenced a voluntary case (Bankr. D. Del. Lead Case No.
15-12507) under chapter 11 of the Bankruptcy Code, and on Dec. 14,
Tag Forest LLC commenced a Chapter 11 case (collectively, "Original
Debtors").  On Feb. 3, 2016, Newbury Common Member Associates, LLC
and 8 affiliates commenced a voluntary case under chapter 11 of the
Bankruptcy Code; and then on Feb. 4, 88 Hamilton Avenue Associates,
LLC filed a Chapter 11 petition (collectively "Additional
Debtors").

Seaboard Realty, LLC, its principals or entities it manages serve
as the manager under the operating agreements for each of the
Debtors and is owned 50% by John J. DiMenna, Jr., 25% by Thomas L.
Kelly, Jr. and 25% by William A. Merritt, Jr.  The Original Debtors
other than Seaboard Residential, LLC, Tag, and Newbury Common
Associates, LLC, are holding companies whose assets are
substantially comprised of the equity of the Property Owner
Debtors.  The Debtors' eight operating property are owned by the
"Property Owner Debtors", namely Century Plaza Investor Associates,
LLC; Seaboard Hotel Associates, LLC; Seaboard Hotel LTS Associates,
LLC; Park Square West Associates, LLC; Clocktower Close Associates,
LLC; One Atlantic Investor Associates, LLC; 88 Hamilton Avenue
Associates, LLC; 220 Elm Street I, LLC; 300 Main Street Associates,
LLC; and Seaboard Residential, LLC.

The Original Debtors' chapter 11 cases are being jointly
administered pursuant to an order entered Dec. 18, 2015.  The
Debtors later won approval of a supplemental motion seeking joint
administration of the Additional Debtors' Chapter 11 cases with the
cases of the Original Debtors for procedural purposes only.

As of Jan. 7, 2016, the Debtors had incurred purported aggregate
funded secured indebtedness of approximately $177.2 million in
principal, including approximately $150.4 million of property-level
secured debt and approximately $26.8 million of purported and
allegedly unauthorized mezzanine debt.

The Debtors tapped Young Conaway Stargatt & Taylor, LLP, and
Dechert LLP as attorneys, and Donlin Recano as claims and noticing
agent.


NUO THERAPEUTICS: Court Sets April 25 Hearing on Ch. 11 Plan
------------------------------------------------------------
Nuo Therapeutics, Inc. on March 29 disclosed that the United States
Bankruptcy Court for the District of Delaware (the "Court") entered
an Order granting conditional approval to the Company's Disclosure
Statement for the First Amended Plan of Reorganization in the
ongoing Chapter 11 bankruptcy case (Case 16-10192) (the "Case").
The Court also approved an expedited pathway to the Company's
emergence from Chapter 11 by scheduling a combined hearing on April
25, 2016 to consider the adequacy of the Disclosure Statement and
confirmation of the Company's proposed First Amended Plan of
Reorganization [Docket Entry No. 247] (the "Plan").  Copies of the
Plan and Disclosure Statement can be accessed at
http://dm.epiq11.com/NUO/Docket

Under the proposed Plan, which is based on a term sheet agreed by
the leading parties in interest in the Case, the Company would
emerge from bankruptcy as a Reorganized Debtor pursuant to one of
two possible scenarios, as further described below.

The Company additionally announced a collaboration agreement with
RestorixHealth, Inc. ("Restorix"), a leading wound management
company operating approximately 125 hospital outpatient wound care
clinics.  The collaboration agreement recently received Court
approval.  Under the agreement, Nuo and Restorix will collaborate
to enroll wound care patients into the Coverage with Evidence
Development ("CED") protocols based on the newly effective national
average reimbursement rate of $1,411 for Aurix.  In exchange for
certain local geographic exclusivity rights in up to 20 Restorix
Partner Hospitals (expandable to 30 sites), the parties have
developed an enrollment model with targeted patient enrollment in
the three CED protocols totaling 1,600 patients over the initial
12-13 months.  Both parties are enthusiastic about this important
initiative which Nuo hopes can begin screening and treating
patients in May 2016.

Nuo Therapeutics Proposed Plan of Reorganization

In the two scenarios, Nuo, as the Reorganized Debtor and a public
company, would either (i) continue in an independent manner upon
the infusion of new equity capital (i.e., a "Successful Capital
Raise" under "Scenario A", as described in the Plan, funded by
existing equity holders, third parties or some combination thereof)
or (ii) in the event the capital raise is not successful (i.e., an
"Unsuccessful Capital Raise" under "Scenario B" as described in the
Plan), be owned 95% by Deerfield Mgmt, L.P. ("Deerfield"), the
Company's prepetition lender.

For the Plan to be confirmed under Scenario A, the Company must
have received by April 20, 2016, equity capital commitments of
$10.5 million, of which $3 million can be in the form of
irrevocable backstop commitments.  If the requisite minimum equity
capital is not timely committed, then Plan confirmation would be
considered by the Court under Scenario B.

If the Plan is confirmed under Scenario A, the Company will assign
all right, title, and interest in the Arthrex license agreement,
and corresponding royalties, to Deerfield and Deerfield's remaining
secured claim, including $6 million in debtor-in-possession
financing advanced after the commencement of the Case, will be
exchanged for preferred equity interests having a face and
liquidation value of approximately $29.3 million.  While the exact
terms of the Deerfield preferred equity interests will be further
contained in a Plan Supplement to be filed by April 15, 2016, the
instrument is expected to have no maturity, neither pay nor accrue
any dividend, and simply represent a liquidation preference over
common equity.

If the Plan is confirmed under Scenario B, the Company will assign
all right, title, and interest in the Arthrex license agreement,
and corresponding royalties, to Deerfield along with 95% of the new
common stock in the Reorganized Debtor (which percentage may
increase depending on whether existing equity holders accept their
pro rata share of a pool of new equity in exchange for releases).

The Disclosure Statement provides important information and details
regarding the proposed Plan.  The Company urges existing investors
to read and understand it fully.  On March 31, 2016, the Company's
claims and noticing agent will mail the notice package associated
with the Company's Plan confirmation process to the Company's
common stockholders of record as of March 28, 2016.

IMPORTANT FURTHER INFORMATION FOR INVESTORS IN NUO COMMON STOCK
(NUOT) - As indicated above, the record date for the matters
requiring notice in the bankruptcy process was March 28, 2016.
Under either Scenario A or B, the proposed Plan contemplates the
cancellation of all the Company's existing common stock and the
issuance of "New Common Stock" to new investors (solely under
Scenario A) and potentially to existing investors (under both
Scenario A and B) under certain conditions, the Company strongly
cautions that further trading in the shares of the Company is
inadvisable and likely to lead to complete financial loss.
Investors are cautioned to consult with your financial advisor or
brokerage firm for further guidance and information.

"I am delighted that Scenario A affords our shareholders, as well
as potentially others, the opportunity to participate in a
recapitalized and reorganized Nuo," commented Acting CEO
David Jorden.  "Should we be successful in raising the necessary
equity capital under Scenario A, then I believe the Company will be
well positioned to capitalize on the significantly increased
Medicare reimbursement rate for Aurix available to wound care
providers and facilities.  We firmly believe Restorix is the right
partner for Nuo with incentives for both of us properly aligned for
efficient and effective patient enrollment in the CED protocols.
We have significant confidence in Aurix as a valuable treatment
choice and an important element of an advanced wound care product
array.  Without question, we need to see the CED process favorably
concluded in order to fully unlock the product's inherent
commercial value.  While extraordinarily painful, the Company's
cost structure is now significantly reduced.  As such, the
commercial revenues available to Nuo through its continued sales
and marketing efforts in Veteran Affairs and other federal account
facilities in combination with the advantageous revenue opportunity
available in the Restorix collaboration can positively impact the
Company's cash flow projections.  As mandated by the bankruptcy
process, the Company has provided financial projections over the
next several years in the Disclosure Statement.  Mindful of the
caveats required for any set of projections, all Nuo shareholders
are encouraged to direct their attention to these forward-looking
statements."

The Company's financial advisor, Gordian Group, has been retained
to act as the Company's exclusive financial advisor in connection
with its proposed private placement of common stock to accredited
investors under Scenario A.

                    About Nuo Therapeutics

Nuo Therapeutics, Inc. filed a Chapter 11 bankruptcy petition
(Bankr. D. Del. Case No. 16-10192) on Jan. 26, 2016.  The petition
was signed by David E. Jorden as acting chief executive officer and
acting chief financial officer.

Ashby & Geddes, P.A. represents the Debtor as counsel and Epiq
Bankruptcy Solutions, LLC serves as the Debtor's claims, balloting
and noticing agent.  Hon. Mary F. Walrath has been assigned the
case.

The U.S. Trustee for Region 2 originally appointed three members to
the Official Committee of Unsecured Creditors.  The U.S. Trustee,
on March 14, 2016, said New Hampshire Ball Bearings, Inc., has
resigned from the Committee.  The remaining committee members are
AAPC and CPA Global Limited.


ORIENT PAPER: Gets Audit Opinion With Going Concern Qualification
-----------------------------------------------------------------
Orient Paper, Inc, a manufacturer and distributor of diversified
paper products in North China, on March 29 disclosed that its
independent registered public accounting firm included a going
concern qualification in its audit opinion relating to the
Company's audited consolidated financial statements for the fiscal
year ended December 31, 2015, which were included in the Company's
Annual Report on Form 10-K filed on March 23, 2016 with the
Securities and Exchange Commission.

This announcement is made pursuant to NYSE MKT LLC Company Guide
Section 610(b), which requires a public announcement of the receipt
of an audit opinion containing a going concern qualification.

                     About Orient Paper, Inc.

Orient Paper (NYSE MKT: ONP) -- http://www.orientpaperinc.com/--
is a paper manufacturer in North China.  Using recycled paper as
its primary raw material (with the exception of its digital photo
paper and tissue paper products), Orient Paper produces and
distributes three categories of paper products: corrugating medium
paper, offset printing paper, and other paper products, including
digital photo paper and tissue paper products.

With its production based in Baoding and Xingtai, cities in Hebei
Province in North China, Orient Paper is located strategically
close to the Beijing and Tianjin region, home to a growing base of
industrial and manufacturing activities and one of the largest
markets for paper products in the country.

Orient Paper's production facilities are controlled and operated by
its wholly owned subsidiary Shengde Holdings Inc, which in turn
controls and operates Baoding Shengde Paper Co., Ltd., and Hebei
Baoding Orient Paper Milling Co., Ltd.

Founded in 1996, Orient Paper has been listed on the NYSE MKT under
the ticker symbol "ONP" since December 2009.


OUTER HARBOR: Judge Approves Deadlines to File Proofs of Claim
--------------------------------------------------------------
A federal judge approved the deadline proposed by Outer Harbor
Terminal LLC for filing claims against the company.

The order, issued by U.S. Bankruptcy Judge Laurie Selber
Silverstein, requires creditors to file a proof of their claims so
that they are received on or before the bar date to be designated
by the company, which shall be no earlier than the first business
day that is at least 30 days after a notice of the bar date is
served.

The deadline is called a "bar date" because it means that creditors
who come forward after that date may be "barred" from ever filing a
claim against the company.

Meanwhile, all governmental units that have claims against the
companies must submit a proof of their claims on or before
August 1, 2016.

                    About Outer Harbor Terminal

Outer Harbor Terminal, LLC -- aka Ports America Outer Terminal,
LLC, PAOH, and PAOHT -- is an Oakland, California-based port
operator.  It is a joint venture between Ports America and Terminal
Investment Ltd.

Outer Harbor is winding down operations.  Ports America is leaving
Oakland to concentrate its investments in other terminals that the
company operates in Tacoma, Los Angeles-Long Beach, New York-New
Jersey and Baltimore.

Oakland, California-based port operator Outer Harbor Terminal, LLC
filed for Chapter 11 protection (Bankr. D. Del. Case No. 16-10283)
on Feb. 1, 2016.  The petition was signed by Heather Stack, chief
financial officer.  The Hon. Laurie Selber Silverstein is the case
judge.

The Debtor scheduled $103 million in assets and $370 million in
debt.

Milbank, Tweed, Hadley & Mccloy LLP is the Debtor's general
counsel.  Mark D. Collins, Esq., at Richards, Layton & Finger, P.A.
serves as its Delaware counsel.  Prime Clerk LLC is the claims and
noticing agent.


OVERTON & OGBURN: Case Summary & 2 Unsecured Creditors
------------------------------------------------------
Debtor: Overton & Ogburn Associates, Inc.
        909 Baltimore Blvd.
        Westminster, MD 21157

Case No.: 16-14029

Chapter 11 Petition Date: March 29, 2016

Court: United States Bankruptcy Court
       District of Maryland (Baltimore)

Judge: Hon. David E. Rice

Debtor's Counsel: Alan M. Grochal, Esq.
                  TYDINGS & ROSENBERG, LLP
                  100 E. Pratt Street., Fl. 26
                  Baltimore, MD 21202
                  Tel: 410-752-9700
                  Fax: 410-727-5460
                  E-mail: agrochal@tydingslaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by John Overton Jr., president.

A list of the Debtor's two largest unsecured creditors is available
for free at http://bankrupt.com/misc/mdb16-14029.pdf


PALACE ENTERTAINMENT: Moody's Lowers CFR to B3, Outlook Dev.
------------------------------------------------------------
Moody's Investors Service downgraded Palace Entertainment Holdings,
LLC's corporate family rating and senior secured note rating to B3.
The outlook was changed to developing from negative.

The reason for the downgrade is the approaching maturity of its
$120 million revolving credit facility due January 2017 and the
$430 million senior secured note due in April 2017.  The outlook
was changed to developing from negative as Moody's expects the
parent company, Parques Reunidos Servicos Centrales S.A.U. (PQR),
to pursue an initial public offering or attempt to refinance
Palace's debt.  The success of either option will be subject to
market conditions.  In the event that the company is unsuccessful
refinancing its debt, the company would face a default at
maturity.

Palace achieved good operating performance over the 2015 operating
season led by strong organic growth at its waterparks. Leverage
decreased to 5.4x as of Q1 2016 (as calculated by Moody's) from
6.4x at the end of 2014.  However, the approaching maturity of its
existing debt triggered the rating downgrade due to the increased
risk of default if the company is unsuccessful extending its debt
maturities.

A summary of Moody's rating actions are:

Palace Entertainment Holdings, LLC

  Corporate Family Rating downgraded to B3 from B2
  Probability of Default Rating downgraded to B3-PD from B2-PD
  $430 million senior secured note due April 2017 downgraded to B3

   (LGD4) from B2 (LGD4)

Outlook: changed to developing from negative

                         RATINGS RATIONALE

Palace's B3 CFR reflects the approaching maturities of its revolver
and senior secured note which elevate the risk of default if the
company is unsuccessful refinancing its debt.  The rating also
includes the modest cash flow generated after capex from the
mid-sized regional amusement/water park portfolio, exposure to
cyclical discretionary consumer spending, and event risks related
to acquisitions and ownership by PQR.  Palace's total attendance
(approximately 6.4 million annually excluding FEC attendance) and
its parks are smaller than rated US peers, although a long-standing
management team and ownership by PQR allows for sharing of best
practices and consolidated purchasing power.  The industry is
mature, heavily seasonal, and requires significant re-investment to
maintain a competitive service offering.  Attendance is exposed to
competition from a wide variety of other leisure and entertainment
activities as well as cyclical discretionary consumer spending.
The company is especially sensitive to weather conditions due to
its composition of theme parks, waterparks, animal parks, and
family entertainment centers that are impacted by rain or cooler
than normal weather during peak operating periods.  Leverage has
decreased to 5.4x as of Q1 2016 (quarter ending December 2015), but
the positive improvement in results is outweighed by the
approaching maturities of its revolver and secured note in 2017.

Palace is financed separately from PQR and the company's debt does
not cross default to PQR's debt.  As a result, Moody's evaluates
Palace separately but incorporate into the company's ratings the
risks related to its ownership by PQR.  PQR's control by private
equity investors creates event risks, including the possible sale
of the company.

Moody's considers Palace's liquidity position to be weak due to the
Jan. 15, 2017, maturity of its $120 million revolver (not rated by
Moody's) and the April 15, 2017, maturity of its $430 million
senior secured note.  The company had $23 million in cash on the
balance sheet and the revolver was undrawn with $6 million of LC's
outstanding as of Q1 2016.  Moody's expects Palace will spend
approximately $38 million in capital spending in FY 2016 which is
up from $31 and $29 million in 2015, and 2014 respectively.
Moody's believes the company's seasonal revolver borrowings will
increase through the spring to approximately $40 to $45 million
(prior to the opening of the majority of its parks and following
the semi- annual $19 million interest payment in April).  Cash flow
generated during the operating season is expected to be directed to
paying down the revolver in full by the end of the season.

Borrowings on the facility are subject to a clean down provision
that requires the revolver to be paid down below $50 million for 20
consecutive days during each calendar year which limits the ongoing
effective capacity of the revolver if it is drawn to fund
acquisitions or distributions to the parent company.  Moody's
expects Palace will maintain considerable cushion within the
revolver's 2.0x maximum senior super priority leverage covenant
ratio (based only on revolver debt).

Palace's properties are divisible and marketable assets.
Substantially all of the wholly owned assets are pledged to the
credit facility/notes and there is a required credit facility
pay-down from 100% of net cash proceeds that are not reinvested
within one year.

The developing rating outlook reflects the potential for a
refinancing of its debt structure or a default at maturity.  The
prospects for a refinancing are supported by the improved
performance during the 2015 operating season.

An upgrade would occur if the company is able to refinance its
secured note and revolving credit facility at comparable terms and
the company is expected to generate results in line with those
achieved in 2015 so that leverage was maintained well below 6x (as
calculated by Moody's).  Positive free cash flow after capex and an
adequate liquidity position that will allow the company to meet
seasonal cash flow needs would also be required.

Increased concern that the company would be unable to refinance its
debt structure prior to maturity would lead to a downgrade. Weak
operating performance or debt funded acquisitions that resulted in
leverage over 7x could also lead to a downgrade.

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

Palace Entertainment Holdings, LLC, headquartered in Newport Beach,
CA, owns and operates 6 theme parks (46% of LTM 9/20/15 revenue), 8
waterparks (35%, an additional waterpark is operated under a
management agreement), 2 animal parks (17%), and 5 family
entertainment centers (FECs; 3%) with operations in ten states in
the US.  Palace is wholly owned by Madrid-based Parques Reunidos
Servicios Centrales S.A.U. (PQR), which operates leisure parks in
Europe (and one park in Argentina).  PQR is controlled by Arle
Capital Partners Limited (Arle; formerly Candover Partners Limited)
a UK-based private equity firm.  Palace's revenue in the LTM
through September 2015 was $261 million.



PARAGON OFFSHORE: Senior Noteholders to Get 52% to 66.5% Under Plan
-------------------------------------------------------------------
Paragon Offshore plc, et al., amended the disclosure statement
explaining its Amended Joint Chapter 11 Plan of Reorganization to
provide, among other things, that Senior Notes Claims will be
allowed in the amount of $1,020,750,312.  Holder of Senior Notes
Claims are expected to recover 52.0% to 66.5% of their allowed
claims.  

Class 3 - Revolving Credit Agreement Claims will be allowed as
secured claims with respect to funded loans and the face amount of
undrawn letters of credit in an aggregate principal amount of not
less than $795,661,528.

Holders of General Unsecured Claims will recover 100% of their
allowed claims.

There are two primary creditor groups whose acceptances of the Plan
are being solicited: (1) Holders of the Revolving Credit Agreement
Claims (Class 3); and (2) Holders of the Senior Notes Claims (Class
5).

A blacklined version of the Amended Disclosure Statement, dated
March 24, 2016, is available at
http://bankrupt.com/misc/POds0324.pdf

A hearing to consider the adequacy of the information contained in
the Revised Disclosure Statement is scheduled for April 6, 2016, at
10:00 a.m. (prevailing Eastern Time).

The Debtors are represented by Mark D. Collins, Esq., Paul N.
Heath, Esq., Amanda R. Steele, Esq., and Joseph C. Barsalona II,
Esq., at Richards, Layton & Finger, P.A., in Wilmington, Delaware;
and Gary T. Holtzer, Esq., and Stephen A. Youngman, Esq., at Weil,
Gotshal & Manges LLP, in New York.

                        About Paragon Offshore

Paragon Offshore plc -- http://www.paragonoffshore.com/-- is a    
global provider of offshore drilling rigs.  Paragon's operated
fleet includes 34 jackups, including two high specification heavy
duty/harsh environment jackups, and six floaters (four drillships
and two semisubmersibles). Paragon's primary business is
contracting its rigs, related equipment and work crews to conduct
oil and gas drilling and workover operations for its exploration
and production customers on a dayrate basis around the world.
Paragon's principal executive offices are located in Houston,
Texas. Paragon is a public limited company registered in England
and Wales and its ordinary shares have been trading on the over-
the-counter markets under the trading symbol "PGNPF" since
December 18, 2015.

Paragon Offshore Plc, et al., filed separate Chapter 11
bankruptcy petitions (Bankr. D. Del. Case Nos. 16-10385 to 16-
10410) on Feb. 14, 2016, after reaching a deal with lenders on a
reorganization plan that would eliminate $1.1 billion in debt.

The petitions were signed by Randall D. Stilley as authorized
representative.  Judge Christopher S. Sontchi is assigned to the
cases.

The Debtors reported total assets of $2.47 billion and total
debts of $2.96 billion as of Sept. 30, 2015.

The Debtors have engaged Weil, Gotshal & Manges LLP as general
counsel, Richards, Layton & Finger, P.A. as local counsel, Lazard
Freres & Co. LLC as financial advisor, Alixpartners, LLP as
restructuring advisor, and Kurtzman Carson Consultants as claims
and noticing agent.


PARAGON OFFSHORE: Wants Schedules Deadline Extended to April 14
---------------------------------------------------------------
Paragon Offshore PLC and its affiliated debtors ask the U.S.
Bankruptcy Court for the District of Delaware to extend by 30 days,
until April 14, 2016, the time within which they must file their:
(a) schedules of assets and liabilities; (b) schedules of current
income and expenditures; (c) schedules of executory contracts and
unexpired leases; and (d) statements of financial affairs.

The Debtors relate that good and sufficient cause exists for
granting an extension of time to file the Schedules.  They contend
that to prepare the Schedules, the Debtors must compile information
from books, records and documents relating to the claims of
hundreds of creditors, as well as the Debtors' many contracts.  The
Debtors further contend that this information is voluminous and
located in numerous places throughout the Debtors' global
organization.   Given the amount of time required to complete the
Schedules, the Debtors anticipate that they will not be able to
properly prepare and accurately complete the Schedules within the
allotted time period.  The Debtors anticipate that they will
require at least 30 additional days to finalize the Schedules.

The Debtors' Motion is scheduled for hearing on April 6, 2016 at
10:00 a.m.

Paragon Offshore PLC and its affiliated debtors are represented
by:

          Mark D. Collins, Esq.
          Paul N. Heath, Esq.
          Amanda R. Steele, Esq.
          Joseph C. Barsalona II, 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: collins@rlf.com
                 heath@rlf.com
                 steele@rlf.com
                 barsalona@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

                        About Paragon Offshore

Paragon Offshore plc -- http://www.paragonoffshore.com/-- is a    
global provider of offshore drilling rigs.  Paragon's operated
fleet includes 34 jackups, including two high specification heavy
duty/harsh environment jackups, and six floaters (four drillships
and two semisubmersibles). Paragon's primary business is
contracting its rigs, related equipment and work crews to conduct
oil and gas drilling and workover operations for its exploration
and production customers on a dayrate basis around the world.
Paragon's principal executive offices are located in Houston,
Texas. Paragon is a public limited company registered in England
and Wales and its ordinary shares have been trading on the over-
the-counter markets under the trading symbol "PGNPF" since
December 18, 2015.

Paragon Offshore Plc, et al., filed separate Chapter 11
bankruptcy petitions (Bankr. D. Del. Case Nos. 16-10385 to 16-
10410) on Feb. 14, 2016, after reaching a deal with lenders on a
reorganization plan that would eliminate $1.1 billion in debt.

The petitions were signed by Randall D. Stilley as authorized
representative.  Judge Christopher S. Sontchi is assigned to the
cases.

The Debtors reported total assets of $2.47 billion and total
debts of $2.96 billion as of Sept. 30, 2015.

The Debtors have engaged Weil, Gotshal & Manges LLP as general
counsel, Richards, Layton & Finger, P.A. as local counsel, Lazard
Freres & Co. LLC as financial advisor, Alixpartners, LLP as
restructuring advisor, and Kurtzman Carson Consultants as claims
and noticing agent.


PARKLANDS OFFICE: Case Summary & 17 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Parklands Office Park, LLC
        c/o Signature Group, LLC
        Three Parklands Drive
        Darien, CT 06820

Case No.: 16-50425

Type of Business: Single Asset Real Estate

Chapter 11 Petition Date: March 29, 2016

Court: United States Bankruptcy Court
       District of Connecticut (Bridgeport)

Judge: Hon. Ann M. Nevins

Debtor's Counsel: James Berman, Esq.
                  ZEISLER & ZEISLER, P.C.
                  10 Middle Street, 15th Floor
                  Bridgeport, CT 06604
                  Tel: (203) 368-4234
                  E-mail: jberman@zeislaw.com

Estimated Assets: $10 million to $50 million

Estimated Debts: $10 million to $50 million

The petition was signed by Robert J. Gillon, Jr., president,
Fairfield Office Park, LLC, Debtor's managing member.

List of Debtor's 17 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Eversource                            Utility            $17,883

Sarracco Mechanical Services                             $15,637

William W Seymour & Associates                           $13,540

EGA Architects                                           $11,161

Nedder & Associates                                       $8,200

Verses & Carlucci, LLC                                    $7,847

Otis Elevator Company, Inc.                               $7,416

Daniel W. Moger, Jr., LLC                                 $5,465

Hydro Environmental Solutions                             $5,252

J&M Cleaning Solutions, LLC                               $4,852

Redniss & Mead, Inc.                                      $3,644

A.P. Mechanical, LLC                                      $2,770

Independent Elevator Co, LLC                              $2,142

Simplexgrinnel                                            $1,934

Utica National Ins. Group                                 $1,894

Town of Darien Tax Collector                              $1,640

Eversource                                                $1,534


PAUL GREMILLION: Court Denies HealthEdge's Bid to Dismiss Case
--------------------------------------------------------------
HealthEdge Investment Fund, L.P., Concentric Equity Partners II,
L.P. and He-Iom Affiliates, LLC, filed a Motion to Dismiss,
charging that Debtor Paul Gremillion, Sr.'s Chapter 11 filing was
in bad faith because (1) the case represents a two-party dispute
with few, if any, other creditors; (2) the Debtor has engaged in
forum shopping by filing this case; and (3) the Debtor has
materially misstated his income, assets, debts and financial
affairs in an effort to hinder, delay or defraud HealthEdge.

In a Reasons for Decision dated March 3, 2016, which is available
at http://is.gd/16KiFqfrom Leagle.com, Judge Elizabeth W. Magner
of the United States Bankruptcy Court for the Eastern District of
Louisiana denied HealthEdge's Motion to Dismiss Case.

According to Judge Wagner, the Debtor's omissions provide little
insight with respect to the Debtor's ability to reorganize.
Instead, they more appropriately reflect on the Debtor's ability to
secure a discharge, Judge Wagner said.

The bankruptcy case is IN RE: PAUL GREMILLION, SR., Chapter 11,
Debtor, Case No. 15-13063 (Bankr. E.D. La.).

The adversary proceeding is PAUL GREMILLION, SR., Plaintiff, v.
HEALTHEDGE INVESTMENT FUND, L.P., CONCENTRIC EQUITY PARTNERS II,
L.P. HE-IOM AFFILIATES, LLC Defendants, Adversary No. 15-1080
(Bankr. E.D La.).

Paul Gremillion, Sr., Debtor, is represented by John C. Anderson,
Esq. -- Anderson & Daniels, LLC.

Office of the U.S. Trustee, U.S. Trustee, represented by Amanda
Burnette George, Office of the U.S. Trustee.


PRECYSE ACQUISITION: Moody's Assigns B3 CFR, Outlook Stable
-----------------------------------------------------------
Moody's Investors Service assigned a B3 corporate family rating and
B3-PD probability of default rating to Precyse Acquisition Corp..
PAC will combine i) MedAssets, Inc.'s  revenue cycle management
segment ("RCM Holdco, Inc.") and ii) Precyse Solutions, Inc.
("Precyse"), both currently owned by private equity firm Pamplona
Capital Management ("Pamplona" / "Sponsor").  Together PAC has a
leading market position as a provider of proprietary revenue cycle
technology and scaled outsourced services in the healthcare
industry.  Moody's also assigned B2 ratings to the company's senior
secured first lien revolver and term loan and a Caa2 rating to its
senior secured second lien term loan.  The ratings outlook is
stable.

The proceeds from approximately $650 million of first and second
lien term loans plus excess balance sheet cash will be used to i)
refinance related bridge capital provided by Pamplona and ii)
refinance Precyse debt.

                        RATINGS RATIONALE

PAC will be weakly positioned in the B3 category given the very
high initial leverage (over 8x at LTM Dec. 31, 2015, on a Moody's
adjusted basis, including a portion of anticipated synergies and
expensing all software development costs).  When calculating EBITDA
Moody's generally treats all software development costs for
software companies as an expense, including those costs that may be
capitalized in accordance with Generally Accepted Accounting
Principles ("GAAP").  Moody's adjustment for PAC to expense
capitalized software development costs was about $28 million in FY
2015.  The rating is also constrained by integration risks, only
adequate liquidity (about $10 million of cash and a $50 million
revolver undrawn at closing), limited free cash flow ("FCF") on the
Precyse side, limited historical financial information of RCM
Holdco, Inc. as a stand-alone entity and small overall revenue base
compared to key competitors (i.e., captive subsidiaries of large
hospital systems and payors).

The B3 rating is supported by the combined company's leading market
position as a provider of proprietary revenue cycle technology and
scaled outsourced services in the healthcare industry, with broad
end-to-end product offerings across the revenue cycle, high
retention rates (about 90%) and recurring revenues (about 85%).
Moody's expects the combined company to have steady revenue growth
(about a 7.8% CAGR over the last 3 years, with similar growth
trends expected in the near to midterm) and favorable industry
dynamics (i.e., payer mix shift, payment model shifts and
transition to ICD-10).  Additionally, PAC's independence provides a
competitive differentiation, as key competitors are captive
subsidiaries of other hospital systems and payors.  PAC also has a
strong and diverse customer base of over 3,200 (60% of total
hospitals), with no one customer having over 5% of revenues.

Liquidity is adequate based on a modest cash balance of about $10
million at closing, an undrawn $50 million first lien revolver at
closing and limited FCF on the Precyse side.  For 2016 Moody's
expects total FCF to be modest and the revolver to remain undrawn.
Moody's anticipates adequate cushion under the financial covenants
of the revolver.  The first and second lien term loans will have
financial covenants.  The first lien term loan is anticipated to
amortize approximately 1% per annum, with a bullet due at maturity
about 6.5 years from closing.  While the second lien term loan is
anticipated to have just a bullet due at maturity, about 7.0 years
from closing.

The stable outlook reflects Moody's expectation of at least
mid-single digit revenue growth, EBITDA margins (on a Moody's
adjusted basis) in the mid-teen percentages and FCF to debt in the
low single digits over the next year.  By 2017, EBITDA margins (on
a Moody's adjusted basis) should improve to the upper teen
percentages and FCF to debt to the mid-single digits.

The ratings could be upgraded if:

   -- the integration proceeds smoothly;
   -- the company demonstrates high single digit organic revenue
      growth;
   -- leverage is expected to be sustained around 6.0x; and
   -- FCF to debt is sustained above 5%.

The ratings could be downgraded if:

   -- Liquidity materially weakens; or
   -- performance deteriorates materially, as a result of
      competitive pressures or integration challenges, such that
      i) leverage does not progress towards 7.0x or ii) FCF is
      negative.

The ratings were assigned:

Issuer: Precyse Acquisition Corp.

  Corporate Family Rating, Assigned B3
  Probability of Default Rating, Assigned B3-PD
  Senior Secured First Lien Revolving Credit Facility, Assigned B2

   (LGD3)
  Senior Secured First Lien Term Loan, Assigned B2 (LGD3)
  Senior Secured Second Lien Term Loan, Assigned Caa2 (LGD5)

Outlook -- Stable

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

PAC, through the combination of i) MedAssets, Inc.'s revenue cycle
management segment and ii) Precyse Solutions, Inc., has a leading
market position as a provider of proprietary revenue cycle
technology and scaled outsourced services in the healthcare
industry.  The combined businesses generated pro forma revenues of
about $429 million as of LTM Dec. 31, 2015.



PREMIER EXHIBITIONS: Adam Bradley Has 5.1% Stake as of Feb. 4
-------------------------------------------------------------
In a Schedule 13D filed with the Securities and Exchange
Commission, Adam Bradley disclosed that as of Feb. 4, 2016, he
beneficially owns 403,918 shares of common stock of Premier
Exhibitions, Inc., representing 5.1 percent of the shares
outstanding.  Also included in the filing are AJB Investment Fund
II, LP, (282,005 shares) and AJB Capital, LLC (282,005 shares).  A
copy of the regulatory filing is available at http://is.gd/fEyil1

                    About Premier Exhibitions

Premier Exhibitions, Inc., develops, deploys and operates
exhibition products that are presented to the public in exhibition
centers, museums and non-traditional venues.  The Atlanta-based
Company's exhibitions generate income primarily through ticket
sales, third-party licensing, sponsorship and merchandise sales.

Premier Exhibitions reported a net loss of $11.7 million on $29.4
million of total revenue for the year ended Feb. 28, 2015, compared
with a net loss of $778,000 on $29.3 million of total revenue for
the year ended Feb. 28, 2014.

As of Aug. 31, 2015, the Company had $35.89 million in total
assets, $32.2 million in total liabilities, $2.66 million in equity
attributable to shareholders of the Company and $1.02 million in
equity attributable to non-controlling interest.


PRIMORSK INTERNATIONAL: Files Schedules of Assets & Liabilities
---------------------------------------------------------------
Primorsk International Shipping Limited filed with the U.S.
Bankruptcy Court for the Southern District of New York its
schedules of assets liabilities, disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property                        $0
  B. Personal Property            $6,018,821
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                              $262,720,302
  E. Creditors Holding
     Unsecured Priority
     Claims                                                $0
  F. Creditors Holding
     Unsecured Non-Priority
     Claims                                       $88,631,774
                                 -----------      -----------
        Total                     $6,018,821     $351,352,076

A copy of the schedules is available for free at:

                        http://is.gd/H3qCKK

                   About Primorsk International

Headquartered in Nicosia, Cyprus, Primorsk International Shipping
Limited (Prisco) aka PISL operates a fleet of ice-class oil tankers
in the Arctic.  It was founded in 2004 and is owned by Apington
Investments, a British Virgin Islands holding company, which is
controlled by Russian native Alexander Kirilichev.

Primorsk sought Chapter 11 bankruptcy protection (Bankr. S.D.N.Y.
Case No. 16-10073) in New York, in the U.S., on Jan. 15, 2016.
Affiliates Boussol Shipping Limited, Malthus Navigati on Limited,
Jixandra Shipping Limited, Levaser Navigation Limited, Hermine
Shipping Limited, Laperouse Shipping Limited (Bankr. S.D.N.Y. Case
No. 16-10079), Prylotina Shipping Limited, Baikal Shipping Ltd, and
Vostok Navigation Ltd. also filed separate Chapter 11 bankruptcy
petitions.  The bankruptcy petitions were signed by Holly Felder
Etlin, chief restructuring officer.  Judge Martin Glenn presides
over the cases.

Primorsk estimated assets and liabilities between $100 million and
$500 million.

Andrew G. Dietderich, Esq., at Sullivan & Cromwell LLP serves as
the Debtors' bankruptcy counsel.  AlixPartners, LLP, is the
Debtors' financial and restructuring advisor.


PWK TIMBERLAND: Court Approves Dismissal of Bankruptcy Case
-----------------------------------------------------------
A federal judge has ordered the dismissal of the Chapter 11 case of
PWK Timberland LLC.

The order, issued by Judge Robert Summerhays of the U.S Bankruptcy
Court for the Western District of Louisiana, dismissed the
bankruptcy case at the request of the company.

Lake Charles, Louisiana-based PWK Timberland LLC sought Chapter 11
protection (Bankr. W.D. La. Case No. 13-20242) on March 22, 2013.
Gerald J. Casey, Esq., serves as counsel to the Debtor.  The Debtor
disclosed $15 million in assets and $1.79 million in liabilities as
of the Chapter 11 filing.

The Debtor has filed a first amended plan of reorganization and
explanatory disclosure statement.   A copy of the First Amended
Disclosure Statement dated April 30, 2014, is available for free at
http://bankrupt.com/misc/PWKTIMBERLAND_1stAmdDS.PDF    

PWK Timberland's Plan provides that all allowed claims will be
satisfied in full.  The Plan contemplates (i) that the unsecured
claims of former members are unimpaired; (ii) the Debtor does not
believe there are any general unsecured creditors but if there are,
they will be paid in full on the Effective Date; and (iii) equity
holders agreed to forgo any payments under the plan until all
impaired creditors have been paid in according to the terms of the
Plan.


QUALITY DISCOUNT: Involuntary Chapter 11 Case Summary
-----------------------------------------------------
Alleged Debtor: Quality Discount Ice Cream Distributors, Inc.
                450 S. Melrose Drive #110
                Vista, CA 92081

Case Number: 16-01709

Type of Business: Offers the wholesale distribution of
                  confectionery and cold sweets

Involuntary Chapter 11 Petition Date: March 29, 2016

Court: United States Bankruptcy Court
       Southern District of California (San Diego)

Judge: Hon. Christopher B. Latham

Petitioners' Counsel: Kit James Gardner, Esq.
                      LAW OFFICES OF KIT J. GARDNER
                      501 W. Broadway, Suite 800
                      San Diego, CA 92101
                      Tel: 619-525-9900

   Petitioners                  Nature of Claim  Claim Amount
   -----------                  ---------------  ------------
Farshad Yaghouti                  Money Loaned     $2,348,000

Gholamreza Chitgari               Money Loaned       $500,000
1611 West Vista Way
Vista, CA 92083

Babak Afshin                      Money Loaned       $150,000
12837 Starwood Lane
San Diego, CA 92131


RESTAURANTS ACQUISITION: Bankruptcy Case Stays in Delaware
----------------------------------------------------------
The Texas Comptroller of Public Accounts and the Texas Workforce
Commission have sought to transfer the venue of Restaurants
Acquisition I, LLC's case to the U.S. Bankruptcy Court for the
Northern District of Texas.  Joining in the Motion are MLE
Restaurant Group, LLC and Texas counties.  

The Debtor objected to the Motion, joined by CNL Financial Group,
Inc., Brixmor Holdings 12 SPE, LLC, Peterson Equities, LLC,
American Express Bank, FSB and US Foods, Inc.

Judge Gross held that although the Movants are correct in noting
that a significant majority of the Debtor's general unsecured
creditors are located in Texas, the Court cannot ignore the
non-Texas entities' large percentage of the general unsecured claim
pool.  More specifically, while the parties have estimated that
"85% of the Debtor's known general unsecured creditors are in
Texas," 65% of the value of these claims is held by non-Texas
entities.  The Company's largest trade creditor, U.S. Foods, is
headquartered in Illinois.  With respect to the landlords, the
parties have stipulated that at the bare minimum, 9 of the 28
landlords are located outside of Texas.  While these non-Texas
entities constitute approximately one-third of all landlords, this
percentage is not insignificant, especially in light of the
Movants' heightened burden.  In addition to the large amount of
general unsecured debt held by non-Texas entities, all of the
Debtor's prepetition secured credit was extended by financial
institutions based outside of Texas.  These creditors are owed, in
the aggregate, approximately $4 million.  Moreover, the Debtor's
pre-petition unsecured lender, CFG, is owed approximately $1.42
million.  All three of these lenders have retained Delaware counsel
and have invested substantial time and resources in this matter.
Accordingly, transferring the case to Texas would impose a heavy
burden on all three of the Debtor's prepetition lenders and their
professionals, Judge Kevin Gross of the U.S. Bankruptcy Court for
the District of Delaware said in his memorandum opinion denying the
Motion.

"As counsel for the lenders succinctly stated at oral argument,
this Motion primarily concerns the Movants' desire to resolve the
tax disputes.  The Court fully respects the Movants' position and
is cognizant of Texas' interest in resolving state tax disputes in
a local forum.  However, a motion to transfer venue of the entire
chapter 11 proceeding must be viewed from the lens of all
interested parties.  Here, the primary focus concerns the economic
administration of the estate and the transfer's impact on a
debtor's efforts to reorganize.  Accordingly, the Court concludes
that it must deny the Motion," Judge Gross ruled.

A copy of the Memorandum Opinion is available free of charge at:

       http://bankrupt.com/misc/Restau_Acqui_179_Am_SAL.pdf

                 About Restaurants Acquisition I

Restaurants Acquisition I, LLC operates a chain of full-service
restaurants throughout Texas, largely located in the Dallas-Fort
Worth and Houston metropolitan area, operating under the
trade-names Black-eyed Pea and Dixie House.  The company had 30
restaurant locations throughout Texas but closed 15 store locations
before the bankruptcy filing.

Restaurants Acquisition I, LLC, sought Chapter 11 protection
(Bankr. D. Del. Case No. 15-12406) on Dec. 2, 2015.  The petition
was signed by Craig W. Barber, the president.  

The Debtor's debt obligations consist of $2.44 million in loans
under a secured credit agreement with CNL Financial Group, Inc.,
approximately $1.42 million in loans owed to Grove Family
Investments, L.P., approximately $850,000 owed to American Express
Bank, FSB, under a business and loan security agreement and
approximately $2.17 million in trade debt.  As of the Petition
Date, the Debtor estimates that it has approximately $3.92 million
of unsecured trade debt and other outstanding operating expenses.

Duane Morris LLP serves as counsel to the Debtor.

                             *     *     *

The Debtor on the Petition Date filed a motion to reject leases for
13 of the stores that it closed prepetition.


RESTAURANTS ACQUISITION: Discloses $7.51M in Assets, $14.7M Debt
----------------------------------------------------------------
Restaurants Acquisition I, LLC, filed with the U.S. Bankruptcy
Court for the District of Delaware in early March 2016 amended
schedules of assets and liabilities, disclosing:

     Schedule A/B: Assets-Real and Personal Property

          1a. Real property:                           $3,821,670

          1b. Total personal property:                 $3,690,654
                                                -----------------
          1c. Total of all property:                   $7,512,324

     Summary of Liabilities

          Schedule D: Creditors Who Have Claims
            Secured by Property                        $5,900,180

          Schedule E/F: Creditors Who Have
            Unsecured Claims

              3a. Total claim amounts of  
                  priority unsecured claims            $3,633,853

              3b. Total amount of claims of
                  non-priority amount of
                  unsecured claims                     $5,197,486
                                                -----------------
          Total liabilities                           $14,731,520

A copy of the Schedules, as amended, is available at no extra
charge at:

     http://bankrupt.com/misc/Restau_Acqui_179_Am_SAL.pdf

                 About Restaurants Acquisition I

Restaurants Acquisition I, LLC operates a chain of full-service
restaurants throughout Texas, largely located in the Dallas-Fort
Worth and Houston metropolitan area, operating under the
trade-names Black-eyed Pea and Dixie House.  The company had 30
restaurant locations throughout Texas but closed 15 store locations
before the bankruptcy filing.

Restaurants Acquisition I, LLC, sought Chapter 11 protection
(Bankr. D. Del. Case No. 15-12406) on Dec. 2, 2015.  The petition
was signed by Craig W. Barber, the president.  

The Debtor's debt obligations consist of $2.44 million in loans
under a secured credit agreement with CNL Financial Group, Inc.,
approximately $1.42 million in loans owed to Grove Family
Investments, L.P., approximately $850,000 owed to American Express
Bank, FSB, under a business and loan security agreement and
approximately $2.17 million in trade debt.  As of the Petition
Date, the Debtor estimates that it has approximately $3.92 million
of unsecured trade debt and other outstanding operating expenses.

Duane Morris LLP serves as counsel to the Debtor.

                             *     *     *

The Debtor on the Petition Date filed a motion to reject leases for
13 of the stores that it closed prepetition.


RESTAURANTS ACQUISITION: Lease Decision Period Extended to June 29
------------------------------------------------------------------
Restaurants Acquisition I, LLC, was granted by the U.S. Bankruptcy
Court for the District of Delaware an extension of its deadline to
assume or reject real property leases pursuant to Sec. 365(d)(4) of
the Bankruptcy Code until the earlier of June 29, 2016, or the
effective date of a Chapter 11 plan.  The extension is without
prejudice to the Debtor's right to seek further extensions.

                 About Restaurants Acquisition I

Restaurants Acquisition I, LLC operates a chain of full-service
restaurants throughout Texas, largely located in the Dallas-Fort
Worth and Houston metropolitan area, operating under the
trade-names Black-eyed Pea and Dixie House.  The company had 30
restaurant locations throughout Texas but closed 15 store locations
before the bankruptcy filing.

Restaurants Acquisition I, LLC, sought Chapter 11 protection
(Bankr. D. Del. Case No. 15-12406) on Dec. 2, 2015.  The petition
was signed by Craig W. Barber, the president.  

The Debtor's debt obligations consist of $2.44 million in loans
under a secured credit agreement with CNL Financial Group, Inc.,
approximately $1.42 million in loans owed to Grove Family
Investments, L.P., approximately $850,000 owed to American Express
Bank, FSB, under a business and loan security agreement and
approximately $2.17 million in trade debt.  As of the Petition
Date, the Debtor estimates that it has approximately $3.92 million
of unsecured trade debt and other outstanding operating expenses.

Duane Morris LLP serves as counsel to the Debtor.

                             *     *     *

The Debtor on the Petition Date filed a motion to reject leases for
13 of the stores that it closed prepetition.


RESTAURANTS ACQUISITION: Removal Period Extended to May 30
----------------------------------------------------------
Restaurants Acquisition I, LLC, was granted by the U.S. Bankruptcy
Court for the District of Delaware a 90-day extension, until May
30, 2016, of the time period provided under Bankruptcy Rule 9027
within which the Debtor may file notices of removal of any and all
civil actions.

                 About Restaurants Acquisition I

Restaurants Acquisition I, LLC operates a chain of full-service
restaurants throughout Texas, largely located in the Dallas-Fort
Worth and Houston metropolitan area, operating under the
trade-names Black-eyed Pea and Dixie House.  The company had 30
restaurant locations throughout Texas but closed 15 store locations
before the bankruptcy filing.

Restaurants Acquisition I, LLC, sought Chapter 11 protection
(Bankr. D. Del. Case No. 15-12406) on Dec. 2, 2015.  The petition
was signed by Craig W. Barber, the president.  

The Debtor's debt obligations consist of $2.44 million in loans
under a secured credit agreement with CNL Financial Group, Inc.,
approximately $1.42 million in loans owed to Grove Family
Investments, L.P., approximately $850,000 owed to American Express
Bank, FSB, under a business and loan security agreement and
approximately $2.17 million in trade debt.  As of the Petition
Date, the Debtor estimates that it has approximately $3.92 million
of unsecured trade debt and other outstanding operating expenses.

Duane Morris LLP serves as counsel to the Debtor.

                             *     *     *

The Debtor on the Petition Date filed a motion to reject leases for
13 of the stores that it closed prepetition.


RESTAURANTS ACQUISITION: Settlement With Peterson Approved
----------------------------------------------------------
Restaurants Acquisition I, LLC, won approval from the U.S.
Bankruptcy Court for the District of its settlement and compromise
with Peterson Equities, LLC.

Peterson is the landlord for the property located at 3825 Pavilion
Court, Mesquite, Texas ("Store 2043").  Prepetition, the Debtor was
locked out of Store 2043 after it failed to pay rent.  The Debtor
says Store 2043 is one of its core stores and provides the Debtor
$233,000 of store-level cash flow annually.  

In order to obtain the right to re-enter and re-open Store 2043,
the Debtor reached a settlement providing, among other things, that
the parties will enter into an amended lease and the Debtor will
pay $173,161 plus outstanding 2015 real property taxes to cure any
and all existing defaults.

As to other leases involving Peterson, the parties agree that
Peterson will have an allowed a general unsecured claim against the
Debtor's estate in the amount of $297,598 on account of the
Debtor's rejection of the Store 2059 Lease Agreement and a general
unsecured claim against the Debtor's estate in the amount of
$200,489 on account of the unpaid prepetition rent due under the
Store 2066 Lease Agreement and 2066 Sublease.

                 About Restaurants Acquisition I

Restaurants Acquisition I, LLC operates a chain of full-service
restaurants throughout Texas, largely located in the Dallas-Fort
Worth and Houston metropolitan area, operating under the
trade-names Black-eyed Pea and Dixie House.  The company had 30
restaurant locations throughout Texas but closed 15 store locations
before the bankruptcy filing.

Restaurants Acquisition I, LLC, sought Chapter 11 protection
(Bankr. D. Del. Case No. 15-12406) on Dec. 2, 2015.  The petition
was signed by Craig W. Barber, the president.  

The Debtor's debt obligations consist of $2.44 million in loans
under a secured credit agreement with CNL Financial Group, Inc.,
approximately $1.42 million in loans owed to Grove Family
Investments, L.P., approximately $850,000 owed to American Express
Bank, FSB, under a business and loan security agreement and
approximately $2.17 million in trade debt.  As of the Petition
Date, the Debtor estimates that it has approximately $3.92 million
of unsecured trade debt and other outstanding operating expenses.

Duane Morris LLP serves as counsel to the Debtor.

                             *     *     *

The Debtor on the Petition Date filed a motion to reject leases for
13 of the stores that it closed prepetition.


RICHARD HEATH: Appeal from $31K Judgment Remanded to Bankr. Court
-----------------------------------------------------------------
In a Ruling on Appeal and Order dated February 24, 2016, which is
available at http://is.gd/7ZLiq8from Leagle.com, Chief Judge Dee
D. Drell of the United States District Court for the Western
District of Louisiana, Alexandria Division, remanded an appeal from
a ruling issued by the United States Bankruptcy Court, Western
District of Louisiana, Alexandria Division, on October 16, 2014,
granting Apellee Evangeline Bank & Trust Company's motion for
partial summary judgment and enterin judgment in the amount of
$31,565 against Appellant Jimmie DeRamus d/b/a Silver Dollar Pawn
and in favor of the Evangeline Bank.

The matter is remanded to the bankruptcy court for further factual
findings.

The case is JIMMIE DERAMUS (appellant) v. EVANGELINE BANK AND TRUST
CO. (appellee), Civil Action No. 1:14-cv-3533 (W.D. La.).

Jimmie DeRamus, Appellant, is represented by Charles A Schutte,
Jr., Esq. -- cschutte@501la.com -- Schutte Terhoeve et al.

Richard J Heath, Appellee, Pro Se.

Evangeline Bank & Trust Co, Appellee, is represented by Stephen D
Wheelis, Esq. -- steve@wheelis-rozanski.com -- Wheelis & Rozanski &
Richard A Rozanski, Esq. -- richard@wheelis-rozanski.com -- Wheelis
& Rozanski.

Ted Brett Brunson, Trustee, is represented by T Brett Brunson, Esq.


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

Sassyfras Investments, LLC sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. D. Ariz. Case No. 16-01178) on February
10, 2016. The Debtor is represented by William R. Richardson, Esq.,
at Richardson & Richardson PC.


SHERIDAN BROADCASTING: U.S. Trustee Unable to Appoint Committee
---------------------------------------------------------------
The Office of the U.S. Trustee disclosed in a court filing that no
official committee of unsecured creditors has been appointed in the
Chapter 11 case of Sheridan Broadcasting Networks, Inc.

Sheridan Broadcasting Networks, Inc. sought protection under
Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for
the Western District of Pennsylvania (Pittsburgh) (Case No.
16-20722) on March 1, 2016. The petition was signed by Ronald R.
Davenport, CEO.

The Debtor is represented by Robert O Lampl, Esq. The case is
assigned to Judge Thomas P. Agresti.

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


SOUTHCROSS HOLDINGS: Moody's Lowers PDR to Ca-PD, Outlook Negative
------------------------------------------------------------------
Moody's Investors Service downgraded Southcross Holdings Borrower
LP's (Holdings) Probability of Default Rating (PDR) to D-PD from
Ca-PD following its announcement on March 28, 2016 that Holdings
had filed a prepackaged plan of reorganization under Chapter 11 of
the US Bankruptcy Code.  Moody's also downgraded Holdings'
Corporate Family Rating (CFR) to Ca from Caa3 and senior secured
term loan rating to Ca from Caa3.  The SGL-4 Speculative Grade
Liquidity Rating was withdrawn.  The outlook remains negative.

Moody's will withdraw all of Holdings' ratings and outlook in the
near future.

Issuer: Southcross Holdings Borrower LP

Downgrades:

  Probability of Default Rating, Downgraded to D-PD from Ca-PD

  Corporate Family Rating, Downgraded to Ca from Caa3

  Senior Secured Term Loan, Downgraded to Ca (LGD 4) from Caa3
   (LGD 3)

Withdrawals:

  Speculative Grade Liquidity Rating of SGL-4, withdrawn

Outlook Actions:

  Negative Outlook

                         RATINGS RATIONALE

The downgrade of PDR to D-PD is a result of the bankruptcy court
filing.  The downgrade of the CFR to Ca as well as the senior
secured term loan to Ca reflect Moody's view of the potential
recovery.

Holdings has entered into a prepackaged plan of reorganization
(POR) with its private equity owners, a majority of its senior
lenders and all of the Class B Preferred equity holders to
restructure its debt.  Under the POR, two of Holdings' owners, EIG
Capital Partners and Tailwater Capital LLC, will provide up to $85
million in debtor-in-possession financing, and an additional $85
million of equity in exchange for two-thirds of the equity interest
in the reorganized entity.  All trade creditors, suppliers and
contractors of Holdings, including Southcross Energy Partners,
L.P., are expected to be paid in the ordinary course of business
and any amounts owed by Holdings to these parties will not be
impacted by the bankruptcy proceedings.  Upon execution of the POR,
Holdings will also commit to providing any potential equity cures
to Southcross for the partnership's covenant compliance purposes.
The POR has already received the necessary threshold of votes in
both number and aggregate principal amount such that all voting
classes have already voted to accept the POR.

The principal methodology used in these ratings was Global
Midstream Energy published in December 2010.

Southcross Holdings Borrower LP is a midstream company that also
owns the general partner of Southcross Energy Partners LP, and is
headquartered in Dallas, Texas.



SOUTHCROSS HOLDINGS: S&P Lowers CCR to 'D' on Ch. 11 Filing
-----------------------------------------------------------
Standard & Poor's Ratings Services lowered its corporate credit
rating on Dallas-based midstream energy partnership Southcross
Holdings Borrower L.P. to 'D' from 'CC'.  S&P also lowered its
issue-level ratings on the partnership's senior secured debt to 'D'
from 'CC'.

"The rating action follows Holdings' announcement that it has filed
for reorganization under Chapter 11 of the U.S. Bankruptcy Code,"
said Standard & Poor's credit analyst Mike Llanos.  Holdings
entered into a prepackaged plan of reorganization with its owners,
senior lenders, and the preferred equity holders. Under the terms
of the agreement, the pro forma capital structure will have
significantly less outstanding debt and benefit from additional
capital from its existing equity holders.  The company ended the
previous calendar year with roughly $615 million of long-term debt.


SUPERVALU: Bank Debt Trades at 3% Off
-------------------------------------
Participations in a syndicated loan under which SuperValu is a
borrower traded in the secondary market at 97.44
cents-on-the-dollar during the week ended Friday, March 25, 2016,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents an increase of 0.91 percentage points from the
previous week.  SuperValu pays 350 basis points above LIBOR to
borrow under the $ 1.485 billion facility. The bank loan matures on
March 21, 2019 and carries Moody's Ba3 rating and Standard & Poor's
BB- rating.  The loan is one of the biggest gainers and losers
among 247 widely quoted syndicated loans with five or more bids in
secondary trading for the week ended March 25.


T-MOBILE USA: Moody's Assigns Ba3 Rating on Proposed $1BB Notes
---------------------------------------------------------------
Moody's Investors Service assigned a Ba3 rating to T-Mobile USA,
Inc.'s proposed offering of $1 billion senior unsecured notes due
2024.  T-Mobile intends to use the net proceeds from the offering
for the purchase of 700 MHz A-block spectrum and other spectrum
purchases.  The outlook is stable.

Moody's has taken these rating actions:

T-Mobile USA, Inc.

  Gtd Senior Unsecured Series Notes: Assigned Ba3 (LGD4)

                         RATINGS RATIONALE

T-Mobile's Ba3 Corporate Family Rating reflects our expectation for
sustained market share gains as innovative service offerings,
improving network performance and good customer service continue
attracting new customers.  Moody's expects this solid execution
will lead to rapidly growing positive free cash flow generation
this year.  In addition, a strong liquidity profile and valuable
spectrum assets also provide credit support.  These strengths are
offset by the company's distant third position in the highly
competitive U.S. wireless industry, the capital intensity
associated with building out its 4G LTE network to manage rapidly
rising bandwidth demand and a moderately leveraged balance sheet.

Continued strong execution and additional market share gains
leading to meaningful margin expansion and free cash flow
generation in this year and 2017 underpin our stable outlook.  The
stable outlook also incorporates our expectation for significant
additional spectrum purchases during the next few years.

Although not immediately anticipated due to our expectations for
significant debt funded spectrum purchases over the next few years,
T-Mobile's rating could be upgraded if the company continues its
strong growth trajectory path by further reducing churn and
increasing subscriber counts.  Specifically, Moody's could raise
the rating if leverage is likely to drop (and be sustained) below
4.0x and free cash flow were to improve to the high single digits
percentage of total debt (note that all cited financial metrics are
referenced on a Moody's adjusted basis).

Downward rating pressure could develop if T-Mobile's leverage
approaches, and is likely to be sustained around 4.5x and free cash
flow drops below 2% of total debt.  This could occur if EBITDA
margins come under sustained pressure, declining to below 30% for a
meaningful amount of time or if future debt-funded spectrum
purchases significantly exceed our expectations.  In addition,
deterioration in liquidity could pressure the rating downward.

The principal methodology used in this rating was Global
Telecommunications Industry published in December 2010.


TARGA RESOURCES: Moody's Lowers CFR to Ba2, Outlook Negative
------------------------------------------------------------
Moody's Investors Service downgraded Targa Resources Partners LP's
Corporate Family Rating to Ba2 from Ba1.  TRP's senior unsecured
notes ratings and preferred unit rating were also downgraded to Ba3
and B1, respectively, from Ba2 and Ba3.  In a related action,
Moody's also concluded rating review on Targa Resources Corp. and
upgraded its CFR to Ba2 from Ba3.  TRC's senior secured credit
facility rating was downgraded to B1 from Ba3 while its SGL-3
Speculative Grade Liquidity (SGL) Rating was affirmed.  The outlook
was changed to negative.  The review was initiated on
Nov. 3, 2015, when TRC announced agreement to purchase all of the
outstanding common units of TRP.

TRP's CFR, Probability of Default Rating (PDR), and SGL-3 liquidity
rating will be withdrawn shortly to reflect the completed
reorganization.  Going forward the CFR, PDR and SGL ratings will
solely reside at TRC.

"Although the acquisition of Partners by Targa Resources Corp.
simplifies the corporate structure and potentially reduces the
combined company's cost of capital over the long term, the weak
commodity price environment will reduce earnings and keep financial
leverage higher than previously anticipated despite the recent
preferred stock issuance," commented Arvinder Saluja, Moody's
Senior Analyst.

                         RATINGS RATIONALE

TRC's acquisition of TRP closed in February 2016 and in March it
issued roughly $1 billion of preferred stock to which Moody's gives
100% equity treatment.  The upgrade of TRC's CFR to Ba2, consistent
with TRP's to be withdrawn Ba2 CFR, reflects the elimination of the
incentive distribution rights (IDRs) and simplification of Targa's
corporate structure and equity ownership.

Targa's Ba2 CFR is supported by its scale and EBITDA generation
which will remain sizeable despite the low commodity prices, its
track record of strong execution of growth projects, and the
meaningful proportion of fee-based margin contribution.  Targa has
increased geographic diversification and improved business
diversification through acquisitions and has incrementally grown
its fee-based business (about two-thirds of operating margin in
2015).  These positive attributes are tempered by the material
exposure to the gathering and processing business, continued
weakness in natural gas liquids (NGL) markets that lowers its
earnings on commodity sensitive contracts, its historically
aggressive distribution policies, and heightened volume risk in
Moody's expected scenario of commodity prices remaining lower for
longer.

Targa's SGL-3 rating reflects adequate liquidity through at least
early 2017.  As of Dec. 31, 2015, TRC had $140.2 million of cash,
including $135.4 million of cash at TRP, as well as $1.3 billion
available ($280 million of borrowings outstanding and $12.9 million
of letters of credit) under the $1.6 billion TRP senior secured
revolving credit facility, and $230 million available ($440 million
of borrowings outstanding) under the $670 million TRC senior
secured revolver.  Moody's expects TRC to be breakeven to slightly
negative in covering dividends and maintenance spending with
operating cash flows because of the expected weaker EBITDA in 2016.
TRP will need to use its revolver in order to fund its growth
capital projects, which are all expected to start providing cash
flow in 2016.  However, TRC's $1 billion of combined proceeds from
the preferred equity issuance in March 2016 will offset the
increased usage of the TRP revolver, as overall consolidated debt
levels are likely to be reduced with the proceeds.

Both TRP and TRC were in compliance with the covenants governing
their respective revolving credit facilities.  Despite the expected
increase in consolidated leverage in 2016 and 2017 from 2015
levels, we expect both Partners and TRC to remain in compliance
with covenants into early 2017, although TRP's covenant cushion
will decrease while TRC will continue having ample headroom.  The
TRP revolver requires maintenance of EBITDA to interest expense of
at least 2.25x, debt to EBITDA no greater than 5.5x, and senior
debt to EBITDA of no greater than 4x (excluding the TRP unsecured
notes).  TRP's leverage covenant calculations exclude the secured
debt at TRC.  TRC relies on general partner distributions, and
limited partner distributions to service its debt obligations.  The
TRC revolver requires maintenance of a consolidated debt to EBITDA
ratio of no greater than 4.75x, which excludes both TRP debt and
EBITDA in calculations for compliance. Secondary liquidity is
limited as the majority of the partnership's assets are pledged to
the senior secured creditors. The nearest maturity is that of the
Partners' revolver, which matures in October 2017.  The TRC
revolver matures in February 2020.

TRP's senior notes are unsecured and the creditors have a
subordinated claim to TRP's assets behind the senior secured
revolving credit facility and the accounts receivable
securitization facility.  While the senior notes ratings suggested
under Moody's Loss Given Default (LGD) methodology is Ba2, Moody's
believes the Ba3 rating, one notch below the Ba2 CFR, better
reflects the substantial amount of priority-claim secured debt in
the capital structure and the likelihood of increased use of the
revolver over time.  The preferred units are rated B1 reflecting
their effective subordination to all of TRP's existing senior
unsecured notes and the senior secured revolving credit facility.

TRC's senior secured credit facilities (term loan and revolver) are
both rated B1 as the term loan ranks pari passu with its revolving
credit facility and they share the same collateral pool. Both are
secured by substantially all of TRC's assets, which are its equity
ownership interests in TRP.  The debts at TRC are structurally
subordinated to all the debts and preferred equity interests at
TRP.  There have been no changes in the TRP or TRC debts' and
preferred units' priority positioning within each entity's capital
structure as a result of the acquisition.

The negative outlook is based on the potential for further downside
earnings risk from Targa's percent-of-proceeds contracts and other
contracts that entail commodity and producer volume exposures,
leading to some greater than anticipated deterioration in credit
metrics and distribution coverage which might not be fully offset
by increased earnings from the growth projects.

Targa's ratings could be downgraded if the combined company's
Debt/EBITDA is sustained over 6x because of insufficient equity
funding of growth capital spending or acquisitions and/or weaker
than expected earnings.  Debt funded acquisition or significant
delays or cost overruns on growth projects could also pressure the
ratings.  An upgrade is unlikely over the next year given Targa's
exposure to weak commodity prices.  However, the company could be
upgraded to Ba1 if leverage is sustained at or below 4.5x and
dividend coverage above 1.1x.

The principal methodology used in these ratings was Global
Midstream Energy published in December 2010.

TRC owns TRP which operates a portfolio of midstream energy assets
that include, gathering pipelines, gas processing plants, NGL
pipeline, NGL fractionation units, and a marine import/export
facility on the Gulf Coast.

Affirmation:

Issuer: Targa Resources Corp.
  Speculative Grade Liquidity Rating, Affirmed at SGL-3

Downgrades:
Issuer: Targa Pipeline Partners LP
  Senior Unsecured Regular Bond/Debenture, Downgraded to Ba3
   (LGD4) from Ba2 (LGD4)

Issuer: Targa Resources Corp.
  Senior Secured Bank Credit Facility, Downgraded to B1 (LGD6)
   from Ba3 (LGD3)

Issuer: Targa Resources Partners LP
  Corporate Family Rating, Downgraded to Ba2 from Ba1
  Probability of Default Rating, Downgraded to Ba2-PD from Ba1-PD
  Pref. Stock Preferred Stock, Downgraded to B1 (LGD6) from Ba3
   (LGD6)
  Senior Unsecured Regular Bond/Debenture, Downgraded to Ba3
   (LGD4) from Ba2 (LGD4)

Upgrades:

Issuer: Targa Resources Corp.
  Corporate Family Rating, Upgraded to Ba2 from Ba3
  Probability of Default Rating, Upgraded to Ba2-PD from Ba3-PD

Outlook Actions:

Issuer: Targa Pipeline Partners LP
  Outlook, Changed To Negative From Stable

Issuer: Targa Resources Corp.
  Outlook, Changed To Negative From Rating Under Review

Issuer: Targa Resources Partners LP
  Outlook, Changed To Negative From Stable



TRONOX INC: Bank Debt Trades at 8% Off
--------------------------------------
Participations in a syndicated loan under which Tronox Inc is a
borrower traded in the secondary market at 92.44
cents-on-the-dollar during the week ended Friday, March 25, 2016,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents an increase of 1.88 percentage points from the
previous week.  Tronox Inc pays 300 basis points above LIBOR to
borrow under the $1.5 billion facility. The bank loan matures on
March 15, 2020 and carries Moody's B1 rating and Standard & Poor's
/BB+ rating.  The loan is one of the biggest gainers and losers
among 247 widely quoted syndicated loans with five or more bids in
secondary trading for the week ended March 25.


TROPICANA ENTERTAINMENT: Moody's Hikes Corp. Family Rating to Ba3
-----------------------------------------------------------------
Moody's Investors Service upgraded the Corporate Family Rating of
Tropicana Entertainment, Inc. to Ba3 from B1.  At the same time,
Moody's assigned an SGL-1 Speculative Grade liquidity rating to
Tropicana, indicating a very good liquidity profile.

"The ratings' upgrade to Ba3 from B1 reflects Tropicana's faster
than anticipated decline in debt/EBITDA following the April 2014
acquisition of Lumiere Place located in St. Louis, Missouri.
Tropicana's debt/EBITDA for the year-ended 2015 declined to 2.3
times from 3.3 times while EBIT/interest rose to 5.0 times from 2.9
times," stated Margaret Holloway Senior Vice President at Moody's.

Tropicana's SGL-1 Speculative Grade liquidity rating reflects the
company's very good liquidity profile.  Cash flow from operations
is projected to exceed interest expense, capital spending needs,
and mandatory debt repayments.  The company's December 31, 2015
total liquidity (including availability under its undrawn $15
million revolver and cash balances of $217 million) is
approximately $230 million.  Moody's do not expect the revolver to
be drawn.

Ratings upgraded:
  Corporate Family Rating to Ba3 from B1
  Probability of Default Rating, to Ba3-PD from B1-PD
  Senior Secured bank term loan and revolver to Ba3, LGD 4 from
   B1, LGD 3

Rating Assigned:
  Speculative Grade Liquidity rating, at SGL-1

                          RATINGS RATIONALE

Tropicana's Ba3 Corporate Family Rating is supported by its modest
leverage, good interest coverage, positive free cash flow and
strong liquidity.  The ratings incorporate an assumption that
Tropicana may pursue additional acquisition opportunities.

The company faces some challenges in Atlantic City which makes up
approximately 40% of revenues, including the highly publicized
fiscal crisis facing the city, the opening of the expansion to
SugarHouse casino located in nearby Philadelphia, and longer term
the addition of a second casino in Philadelphia which could hurt
visitation trends to Atlantic City.  Additionally, Lumiere Place's
results were hurt in 2014-2015 by infrastructure improvements that
impeded traffic flows and civil unrest in nearby Ferguson.
Tropicana has the financial flexibility to absorb these potential
challenges given its strong free cash flow, cash balance of $217
million in relation to absolute debt levels of $292 million as of
Dec. 31, 2015.

The stable rating outlook reflects the company's very good
liquidity which provides the company a cushion to absorb earnings
volatility and Moody's view that gaming revenues will grow modestly
across Tropicana's key markets.

Rating upside is limited at this time given Tropicana's small scale
relative to similarly rated peers in the Ba rating category and the
risk associated with potential acquisition activity. Nevertheless,
ratings could be upgraded if debt/EBITDA falls below 2.0 times,
EBIT margins approach 15% and the company maintains its very good
liquidity profile.

Ratings could be lowered if liquidity deteriorates materially
and/or if debt/EBITDA increases above 3.5 times on a sustained
basis.

Tropicana Entertainment Inc. is the owner and operator of regional
casino and entertainment properties including two casinos in
Nevada, and one casino in each of the following jurisdictions:
Mississippi, Indiana, Louisiana, New Jersey, and Missouri.  The
company also operates a casino resort located on the island of
Aruba (a temporary casino opened on the property in December 2011).
Tropicana is majority owned by Icahn Enterprises LP.  The company
generated approximately $811 million in net revenues for calendar
year ended Dec. 31, 2015.

On April 1, 2014, Tropicana closed the acquisition of Lumiere Place
Casino, HoteLumiere, and the Four Seasons Hotel St. Louis for an
all-cash purchase price of $261.3 million.

The principal methodology used in these ratings was Global Gaming
Industry published in June 2014.



TRUGREEN LIMITED: Moody's Assigns B2 CFR, Outlook Stable
--------------------------------------------------------
Moody's Investors Service assigned a B2 Corporate Family rating and
B2-PD Probability of Default rating to TruGreen Limited
Partnership.  Concurrently, Moody's assigned a B1 to TruGreen's
proposed senior secured first lien term loans due 2023 and
revolving credit facility due 2021.  The ratings outlook is
stable.

The proceeds of the rated debt, along with the proceeds of a $200
million senior secured second lien term loan due 2025 (unrated) and
new cash and roll-over equity, will be used to fund the
acquisitions by affiliates of Clayton, Dubilier & Rice ("CD&R") of
TruGreen from other affiliates of CD&R and Scotts LawnService from
The Scotts Miracle-Gro Company ("Scotts"), repay existing debt and
pay transaction and financing related fees and expenses.  Upon
completion of the acquisitions, CD&R will own 67% of the equity and
control TruGreen, Scotts will own a 30% minority interest and
management and other investors will hold about 3% of the equity. At
closing, CD&R and Scotts may hold a portion of the unrated senior
secured second lien debt.

Issuer: TruGreen Limited Partnership

Assignments:
  Corporate Family Rating, Assigned B2
  Probability of Default Rating, Assigned B2-PD
  Senior Secured First Lien, Assigned B1 (LGD3)

Outlook:
  Outlook, Stable

                        RATINGS RATIONALE

The B2 CFR reflects TruGreen's high pro forma debt to EBITDA which
Moody's expects will remain above 5 times in 2016 and an
expectation for modest free cash flow until merger-related capital
investments and non-recurring expenses are completed and planned
cost reduction initiatives are achieved.  TruGreen and SLS offer
similar services and operate in many of the same geographic
markets, so there is substantial overlap in their operations and
overhead structures.  Though Moody's believes significant cost
synergies are achievable, these synergies may take longer than
expected to achieve and could result in some disruption of the
business.  Moody's considers residential lawn, tree and shrub care
services demand to be stable, but the industry is also highly
competitive and seasonal.  TruGreen believes it is the largest lawn
care provider in the U.S. Both TruGreen and SLS have historically
high customer retention rates exceeding 68%, although SLS customer
churn could be impacted adversely by the loss of the Scotts brand
in 2017.  Moody's expects profitability, as measured by EBITA
margins, to expand from about 8% in 2016 to above 12% by 2018 if
integration plans are executed successfully, leading to increased
free cash flow and improving financial leverage. However, the risk
of investors seeking debt financed returns in such a scenario will
weigh on the ratings.  Moody's considers TruGreen's liquidity
adequate given its seasonal free cash flow (most cash coming in the
fiscal third and fourth quarters), minimal cash on the balance
sheet expected after the proposed transactions close and
anticipated revolver availability at closing of at least $110
million, with significant seasonal utilization of the facility
expected.

All financial metrics cited reflect Moody's standard adjustments.

The stable ratings outlook reflects Moody's expectations for modest
growth in customers and pricing to lead to 2% to 4% annual revenue
growth and around 8% pro forma EBITA margins in 2016, but limited
free cash flow as planned merger integration and cost reduction
initiatives are completed.  The ratings could be upgraded if
Moody's expects TruGreen will maintain 1) debt to EBITDA below 4.5
times; 2) free cash flow to debt above 8%; 3) solid liquidity; and
4) balanced financial policies.  The ratings could be downgraded if
revenue growth and EBITA margin expansion are less than anticipated
due to merger integration challenges, lower customer growth or an
inability to raise prices.  The ratings could be lowered if Moody's
anticipates 1) free cash flow to debt at or below 2%; 2) debt to
EBITDA around 6 times; 3) EBITA to interest expense below 1.5
times; or 4) less than adequate liquidity.

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

TruGreen, based in Memphis, TN, is a lawn care service provider in
North America.  Moody's expects TruGreen to generate revenue of
about $1.3 billion in 2016 (assuming a full year of SLS ownership).


TUTOR PERINI: Moody's Changes Outlook to Neg. & Affirms Ba3 CFR
---------------------------------------------------------------
Moody's Investors Service changed Tutor Perini Corporation's
outlook to negative from stable.  At the same time, Moody's
affirmed Tutor Perini's Ba3 corporate family rating, Ba3-PD
probability of default rating, the B1 rating on its 7.625% senior
unsecured notes due 2018 and its Speculative Grade Liquidity Rating
of SGL-3.  The change in outlook reflects the deterioration in the
company's 2015 operating performance, credit metrics and liquidity
and the expectation its credit metrics will remain weak for its
rating in the near term.

These ratings were affected in this rating action:

Outlook Actions:
  Changed to negative from stable

Affirmations:
  Corporate Family Rating, Ba3
  Probability of Default Rating, Ba3-PD
  Senior Unsecured Notes due 2018, B1 (LGD5)
  Speculative Grade Liquidity Rating, SGL-3

                        RATINGS RATIONALE

Tutor Perini's Ba3 corporate family rating primarily reflects its
elevated leverage, relatively thin margins, inconsistent free cash
flow generation and significant exposure to fixed-price
construction contracts.  The company is also exposed to contingent
risks associated with periodic contract disputes and has a
liquidity profile that provides only modest cushion against
unforeseen shocks.  The company does benefit from meaningful scale,
a good market position and diversity across a number of US
non-residential building and civil infrastructure construction
segments.  Near term revenue visibility is also good, supported by
recent booking trends and a backlog of approximately 1.5x trailing
twelve month revenues.

Tutor Perini's operating performance deteriorated substantially in
2015 due to project execution issues, lower than expected project
recoveries, project delays and litigation charges.  As a result, it
produced adjusted EBITDA of only $198 million in 2015 versus $328
million in the prior year.  This led to a substantial deterioration
in credit metrics with its adjusted leverage ratio (Debt/EBITDA)
rising to 6.5x from 3.8x and its interest coverage ratio
(EBITA/Interest Expense) declining to 2.1x from 4.3x.  Tutor
Perini's weak operating performance along with investments in
working capital due to increased project activity and inefficient
cash collections, resulted in a breach of the financial covenants
on its credit agreement.  The company negotiated a waiver and an
amendment to the facility in February 2016 that included more
lenient financial covenants, but also included amendment fees,
increased commitment fees and interest rates, additional required
term loan principal payments, an elimination of the accordion
feature, quarterly cash collection milestones, minimum liquidity
requirements and a shorter maturity date.  The additional
requirements of the amended credit agreement will enhance the
company's focus on cash generation and debt reduction, but will
reduce its financial flexibility.

Tutor Perini's operating performance should improve substantially
in 2016 since the company has completed the high rise concrete
project that produced significant losses in 2015, has changed key
management personnel in a division that had lower than expected
recoveries on a number of projects, will benefit from the restart
of delayed projects and is not expected to incur further litigation
charges.  The company should also benefit from its enhanced focus
on the collection of outstanding receivables which is being
reinforced by the requirements of its amended credit facility.
Therefore, Moody's expects the company to produce adjusted EBITDA
in the range of $240 million to $270 million and generate positive
free cash flow.  That should enable Tutor Perini to modestly pay
down its outstanding debt and reduce its leverage ratio to about
4.5x-5.0x and raise its interest coverage to around 3.0x-3.5x,
bringing these metrics more in-line with its current rating.

Tutor Perini's SGL-3 liquidity rating reflects its adequate, but
somewhat limited liquidity based on the risks inherent in the
engineering & construction industry.  The company had an
unrestricted cash balance of $75 million as of December 2015, but
this included about $57 million of its portion of joint venture
cash balances that are only available for joint venture-related
uses.  The company also had $142 million of availability under its
$300 million committed bank credit facility due May 2018, which had
$158 million of borrowings outstanding.  The company amended its
credit agreement in February 2016.  The new covenants include a
maximum leverage ratio of 4.25x through March 2016 and gradually
stepping down to 3.00x over the next year, and a minimum fixed
charge coverage ratio of 1.25x.  The company reported a leverage
ratio of 4.8x and a fixed charge coverage ratio of 1.1x for the
trailing 12 months ended December 2015, but these metrics are
expected to improve substantially in 2016.

The negative outlook reflects the risk that Tutor Perini's
operating results and credit metrics do not improve to a level that
would bring its metrics in line with its current rating in the near
term.  Tutor's outlook could return to stable if the company's
liquidity remains adequate and its operating results and credit
metrics improve, with its adjusted leverage ratio (Debt/EBITDA)
declining below 4.5x and the adjusted interest coverage ratio
(EBITA/Interest Expense) rising above 2.25x.

Upward pressure on Tutor's ratings is unlikely in the intermediate
term given its recent operating issues, somewhat weak liquidity
position and its exposure to competitive industry dynamics and
fixed price contracts.  Positive rating pressure could develop if
the company strengthens its liquidity and its leverage ratio
declines below 3.0x and its interest coverage ratio rises above
3.0x.

Tutor Perini could face a downgrade if the Building segment
continues to produce operating losses or consolidated EBITA margins
remain below 4.0% on a sustainable basis.  Downward rating pressure
could also develop if Debt/EBITDA remains above 4.0x and
EBITA/Interest Expense declines below 2.0x on a sustainable basis.

The principal methodology used in these ratings was Construction
Industry published in November 2014.

Tutor Perini Corporation is headquartered in Sylmar, California and
provides general contracting, construction management and
design-build services to public and private customers primarily in
the United States.  Tutor Perini's revenues for the trailing twelve
months ended Dec. 31, 2015, was $4.9 billion and its backlog was
$7.5 billion.  The company reports its results in three segments:
Building (37% of LTM revenues; 37% of backlog), which handles large
projects in the hospitality and gaming, sports and entertainment,
educational, transportation and healthcare markets; Civil (38%;
37%) is engaged in public works construction including the repair,
replacement and reconstruction of highways, bridges and mass
transit systems; Specialty Contractors (25%; 24%) provides
mechanical, electrical, plumbing and heating installation
services.



UTE MESA: Wins Dismissal of Chapter 11 Case
-------------------------------------------
U.S. Bankruptcy Judge Thomas McNamara has dismissed the Chapter 11
case of Ute Mesa Lot 1, LLC.

The Debtor earlier filed with the U.S. Bankruptcy Court for the
District of Colorado a motion seeking the dismissal of its chapter
11 case.  The Debtor, a prepetition lender, and a title insurance
company are involved in litigation in Pitkin County, Colorado
involving the Property.  The pendency of the State Court Litigation
and associated notice of lis pendens filed against the Property
have prevented the Debtor from proceeding with development,
although there have been several lenders willing to fund
construction.  Depending on the outcome of the State Court
Litigation, the property either will have substantial equity or
will be leveraged.  Until the State Court Litigation is completed,
the Debtor believes it is unable to reorganize.

                    About Ute Mesa Lot 1, LLC

Denver, Colorado-based Ute Mesa Lot 1, LLC, filed for Chapter 11
bankruptcy (Bankr. D. Colo. Case No. 10-30620) on Aug. 13, 2010.
Duncan E. Barber, Esq., and Steven T. Mulligan, Esq., at Bieging
Shapiro & Burrus LLP, in Denver, assist the Debtor in its
restructuring effort. Ute Mesa owns real property located in Pitkin
County, Colorado. The Debtor disclosed $10,017,982 in assets and
$11,633,024 in liabilities.


VALEANT PHARMA: Pershing Holds 9% Stake, Gains Board Seat
---------------------------------------------------------
Katharine B. Stevenson on March 21, 2016, resigned from the board
of directors of Valeant Pharmaceuticals International, Inc.,
effective on that date.  As the maximum size of Valeant's board
currently is fixed at 14 directors, Ms. Stevenson voluntarily
resigned from the Board to create a vacancy to permit the
appointment of Mr. William A. Ackman.  Ms. Stevenson resigned as a
director of the Company and as a member of the Board's Audit and
Risk Committee.  Ms. Stevenson's resignation from the Board was not
the result of any disagreement with the Company on any matter
relating to the Company's operations, policies or practices.

On March 21, 2016, upon the recommendation of the Nominating and
Corporate Governance Committee of the Board, the Board appointed
Mr. Ackman as director of the Board.  The term for Mr. Ackman
commenced effective March 21, 2016 and will expire at the Company's
2016 annual shareholder meeting or upon his prior death or
resignation, retirement or removal from the Board, whichever is
earliest.  The Board has not determined on which committees, if
any, Mr. Ackman will serve.

Mr. Ackman is the founder and Chief Executive Officer of Pershing
Square Capital Management, L.P.  Mr. Ackman currently serves as a
member of the board of Canadian Pacific Railway Limited, chairman
of the board of The Howard Hughes Corporation, a trustee of the
Pershing Square Foundation, a member of the Board of Trustees at
The Rockefeller University and a member of the Board of Dean's
Advisors of the Harvard Business School.  Mr. Ackman holds an
M.B.A. from Harvard Business School and a Bachelor of Arts magna
cum laude from Harvard College.

Mr. Ackman has waived compensation for his services as a director
of the Company.  There are no arrangements or understandings
between Mr. Ackman and any other persons pursuant to which such
director was selected, and there have been no transactions since
the beginning of the Company's last fiscal year, or are currently
proposed, regarding Mr. Ackman that are required to be disclosed
pursuant to Item 404(a) of Regulation S-K.

In connection with his election to the Board, Mr. Ackman has
executed a letter agreement with the Company pursuant to which he
and Pershing Square have agreed to maintain the confidentiality of
any Company information received by Mr. Ackman in connection with
Mr. Ackman's directorship.

Pershing disclosed in a SCHEDULE 13D filing with the U.S.
Securities and Exchange Commission that it may be deemd to own in
the aggregate 30,711,122 shares or roughly 9.0% of the common stock
of Valeant.  That report is available at http://is.gd/L4Kxw3

Pershing may be reached at:

     Steve Fraidin
     Steve Milankov
     Pershing Square Capital Management, L.P.
     888 Seventh Avenue, 42nd Floor
     New York, NY 10019
     Tel: 212-813-3700

Pershing is advised by:

     Richard M. Brand, Esq.
     Cadwalader, Wickersham & Taft LLP
     One World Financial Center
     New York, NY 10281
     Tel: 212-504-5757
     E-mail: richard.brand@cwt.com


VALEANT PHARMA: Seeks Covenant Waivers, to File 10K by April 29
---------------------------------------------------------------
Valeant Pharmaceuticals International, Inc. (NYSE: VRX and TSX:
VRX) said on March 30 that, as anticipated and consistent with its
previously disclosed intention, it has launched the process to
obtain an amendment and waiver to its credit facility.

Pursuant to the proposed waiver, the Company is seeking to extend
the deadline for filing its Form 10-K to May 31, 2016 and to extend
the deadline for filing its Form 10-Q for the quarter ending March
31, 2016 to July 31, 2016.  While the Company is working diligently
to file its Form 10-K and Form 10-Q, these extensions provide
relief under the credit facility in the event the Form 10-K is not
filed by April 29, 2016 and the Form 10-Q is not filed by June 14,
2016.  In addition to the extensions, the proposed waiver would
also waive the cross-default to Valeant's indentures that arose
when the Form 10-K was not filed on March 15, 2016. The proposed
waiver and amendment must be approved by lenders holding more than
50% of the Company's loans in principal amount.

While seeking these waivers, the Company is also asking its lenders
to amend, among other things, the interest coverage maintenance
covenant and certain financial definitions which would provide
additional cushion in its financial covenants. The terms of the
proposed amendment will restrict the Company's ability to make
certain acquisitions and other investments and to pay dividends and
other restricted payments until the financial statements are filed
and the Company achieves certain leverage ratios.  While these
restrictions are in place, the Company will also be required to
apply substantially all net asset sale proceeds to prepay its term
loans.
The Company is comfortable with its current liquidity position and
cash flow generation for the rest of the year, and remains well
positioned to meet its obligations.

Since the filing of the Company's 8-K on March 21, the Ad Hoc
Committee of the Board of Directors has continued to make progress
and is now nearer to completion. While the Ad Hoc Committee has not
concluded its work, the Committee has not to date identified any
additional items affecting the Company's financial statements.

In an article at Bloomberg Brief, Kenneth Pringle, writing for
Bloomberg News, reported that Valeant's $31 billion debt load has
eclipsed its stock market value as the company's shares have been
battered.  The report recounted that Valeant earlier this month cut
its 2016 guidance and held a conference call where it had to
correct its earnings forecast issued just hours before.  The report
also noted that in recent months, the company has been questioned
over its high drug prices, criticized by presidential candidates
and investigated by Congress, and had to cut ties with a mail-order
pharmacy that critics said it was using to inflate sales.

That report also cited information from Elizabeth Krutoholow,
Bloomberg Intelligence Analyst: "Valeant has $9.3 billion in debt
plus interest payments due by 2018, versus about $6 billion and $5
billion for sector peers Shire and Mylan, respectively.  When
taking into account estimates of free cash flow, Valeant may be the
only one of the three specialty pharma companies on the cusp of
having issues paying it back. As long as all three meet company
estimates, debt should be repaid, though that may reduce cash
available for share buybacks or potential M&A."

Laval, Quebec-based Valeant Pharmaceuticals International, Inc.
(NYSE/TSX:VRX) -- http://www.valeant.com/-- is a multinational
specialty pharmaceutical company that develops, manufactures and
markets a broad range of pharmaceutical products primarily in the
areas of dermatology, gastrointestinal disorder, eye health,
neurology and branded generics.


VALEANT PHARMACEUTICALS: Bank Debt Trades at 7% Off
---------------------------------------------------
Participations in a syndicated loan under which Valeant
Pharmaceuticals is a borrower traded in the secondary market at
93.29 cents-on-the-dollar during the week ended Friday, March 25,
2016, according to data compiled by LSTA/Thomson Reuters MTM
Pricing.  This represents an increase of 0.46 percentage points
from the previous week.  Valeant Pharmaceuticals pays 325 basis
points above LIBOR to borrow under the $2.35 billion facility. The
bank loan matures on April 9, 2022 and carries Moody's Ba2 rating
and Standard & Poor's BB rating.  The loan is one of the biggest
gainers and losers among 247 widely quoted syndicated loans with
five or more bids in secondary trading for the week ended March 25.


VERMILLION INC: Signs $4 Million Loan Agreement With DECD
---------------------------------------------------------
Vermillion, Inc., on March 22, 2016, entered into an agreement with
the State of Connecticut Department of Economic and Community
Development, pursuant to which the Company may borrow up to
$4,000,000 from the DECD, according to a regulatory filing with the
Securities and Exchange Commission.  

Proceeds from the loan are to be utilized primarily to fund the
build-out, information technology infrastructure and other costs
related to the Company's Trumbull, Connecticut facility and
operations.  The loan bears interest at a fixed rate of 2.0% per
annum and requires equal monthly payments of principal and interest
until maturity, which is 10 years from the initial funding date.  

As security for the loan, the Company has granted the DECD a
blanket security interest in the Company's personal and
intellectual property.  The DECD's security interest in the
Company's intellectual property may be subordinated to a qualified
institutional lender.  Under the terms of the Agreement, the
Company may be eligible for forgiveness of up to $2,000,000 of the
principal amount of the loan if the Company achieves certain job
creation and retention milestones by March 1, 2018.  If the Company
is unable to meet these job creation milestones within the allotted
timeframe or does not maintain the Company's Connecticut operations
for a period of 10 years, the DECD may require early repayment of a
portion or all of the loan depending on job attainment as compared
to the required amount.

Under the Agreement, an initial disbursement of $2,000,000 will be
made to the Company after final State of Connecticut approval and
satisfaction of customary closing conditions.  The Agreement
provides that the remaining $2,000,000 will be advanced upon
obtainment of certain future milestones. The loan may be prepaid at
any time without premium or penalty.

The Agreement includes customary events of default (subject to
specified cure periods, materiality qualifiers and exceptions as
provided for in the Agreement), including breach of the Agreement,
the existence of unpaid judgments against the Company, the
commencement by the Company of receivership, or bankruptcy
proceedings, dissolution or liquidation of the Company,
condemnation or seizure of Company property, lack of adequate
security for the loan, cancellation of the Company's insurance,
inadequate job creation, and the Company's failure to pay debts
timely.

                          About Vermillion

Vermillion, Inc., is dedicated to the discovery, development and
commercialization of novel high-value diagnostic tests that help
physicians diagnose, treat and improve outcomes for patients.
Vermillion, along with its prestigious scientific collaborators,
has diagnostic programs in oncology, hematology, cardiology and
women's health.

The Company filed for Chapter 11 bankruptcy protection (Bankr. D.
Del. Case No. 09-11091) on March 30, 2009.  Vermillion's legal
advisor in connection with its successful reorganization efforts
wass Paul, Hastings, Janofsky & Walker LLP.  Vermillion emerged
from bankruptcy in January 2010.  The Plan called for the Company
to pay all claims in full and equity holders to retain control of
the Company.

For the year ended Dec. 31, 2015, Vermillion reported a net loss of
$19.11 million on $2.17 million of total revenue compared to a net
loss of $19.21 million on $2.52 million of total revenue for the
year ended Dec. 31, 2014.

As of Dec. 31, 2015, the Company had $20.96 million in total
assets, $3.41 million in total liabilities and $17.54 million in
total stockholders' equity.


WESCO AIRCRAFT: S&P Revises Outlook to Pos. & Affirms 'B+' CCR
--------------------------------------------------------------
Standard & Poor's Ratings Services said that it has revised its
outlook on Wesco Aircraft Holdings Inc. to positive from stable.

At the same time, S&P affirmed all of its ratings on the company,
including its 'B+' corporate credit rating.

"The outlook revision reflects our belief that the amendment to the
leverage covenants on Wesco's credit facility will provide the
company with some relief," said Standard & Poor's credit analyst
Tennille Lopez.  "This amendment, along with the continued growth
of Wesco's revenues and earnings, should improve the company's
liquidity over the next year."  Wesco's revenues and earnings have
recently been impacted by the loss of a large commercial hardware
contract, which ended in 2015, and various impairment and
restructuring charges.  Over the next two years, the company's
credit metrics should improve as it wins new contracts and renews
existing ones.  In addition, Wesco's cost structure should also
improve as management increasingly focuses on cost and efficiency
initiatives.  However, the pace of this improvement is still
somewhat uncertain.

The positive outlook on Wesco reflects the recent covenant
amendment the company received, which should provide it with
additional headroom under the covenants on its credit facilities.
S&P expects that the company's covenant cushion will increase to
greater than 15% over the next six months.  However, there remains
some uncertainty over how quickly this improvement will materialize
given Wesco's current covenant headroom.

S&P could raise its ratings on Wesco if increased earnings or debt
reduction causes the company's cushion under its covenants to
increase to at least 15%.  S&P could also raise its rating on the
company if its EBITDA margins improve such that its FFO-to-debt and
OCF-to-debt ratios both increase to at least 15% on a sustained
basis.

S&P could revise its outlook on Wesco to stable if the company is
unable to reduce its costs and increase its earnings as S&P
expects, or if a lower-than-expected level of debt repayment causes
its covenant headroom to remain below 15%.



WESTMORELAND COAL: S&P Affirms 'B' CCR & Revises Outlook to Neg.
----------------------------------------------------------------
Standard & Poor's Ratings Services said it affirmed its 'B'
corporate credit rating on Englewood, Colo.–based Westmoreland
Coal Co.  At the same time, S&P revised the rating outlook to
negative from stable.

S&P also lowered its issue-level rating on the company's senior
secured notes to 'B-' from 'B' and revised the recovery rating on
the notes to '5' from '4', indicating S&P's expectation for modest
(10% to 30%; upper half of the range) recovery in the event of a
default.  The 'B' rating on WMLP's issue-level term loan is
unchanged.  The recovery rating remains '3', indicating S&P's
expectation for meaningful (50% to 70%; upper half of the range)
recovery in the event of a default.

"The negative outlook reflects weaker-than-expected liquidity as a
result of a combination of exposure to a lower price environment
and difficult-to-secure favorable new volume commitments," said
Standard & Poor's credit analyst Vania Dimova.  "We anticipate that
coal markets will remain weak through the rest of the year, and the
company could be downgraded in the next 12 months if there is lower
production demand and further deterioration in the market prices."

S&P could lower its rating on Westmoreland if leverage rises above
8x or if the company breaches a covenant and no longer has access
to its revolving credit facility.  This could be the result of
debt-financed acquisitions, if volumes or prices fall due to weak
demand, or if there is disruption at the company's operating
mines.

S&P would consider revising the outlook to stable from negative if
the company increases its operating cash flows and credit measures
stabilize or begin to strengthen due to successful integration and
realized operating efficiencies.  S&P could consider a positive
rating action if leverage is sustained below 5x or if the
diversification in incoming cash flows increases to a point that
S&P views to be more consistent with a fair business risk profile.
The latter scenario is less likely to occur over the next 12
months.



WISPER II LLC: Case Summary & 14 Unsecured Creditors
----------------------------------------------------
Debtor: Wisper II, LLC
        1378 N. Cavalier Drive
        Alamo, TN 38001

Case No.: 16-10594

Chapter 11 Petition Date: March 29, 2016

Court: United States Bankruptcy Court
       Western District of Tennessee (Jackson)

Judge: Hon. Jimmy L Croom

Debtor's Counsel: Michael P. Coury, Esq.
                  GLANKLER BROWN PLLC
                  Suite 400
                  6000 Poplar Avenue
                  Memphis, TN 38119
                  Tel: (901) 525-1322
                  Fax: 901-525-2389
                  E-mail: mcoury@glankler.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Thomas P. Farrell, general manager.

A list of the Debtor's 14 largest unsecured creditors is available
for free at http://bankrupt.com/misc/tnwb16-10594.pdf


Z TRIM HOLDINGS: Changes Name to "Agritech Worldwide"
-----------------------------------------------------
Z Trim Holdings, Inc., an Illinois corporation, changed its state
of incorporation by engaging in a merger with and into its newly
formed wholly owned subsidiary, Agritech Worldwide, Inc., a Nevada
corporation, pursuant to the terms and conditions of an Agreement
and Plan of Merger entered into by Z Trim and Agritech on March 18,
2016.  The Reincorporation was consummated on March 23, 2016, and
was effectuated by the filing of (i) articles of merger with the
Secretary of State of the State of Nevada, and (ii) articles of
merger with the Secretary of State of the State of Illinois.

As a result of the Reincorporation, the Registrant is now a Nevada
corporation.  The Merger Agreement provides that, at the effective
time of the Merger, each outstanding share of common stock and
Series B preferred stock of the Company converted into a share of
common stock and Series B preferred stock of Agritech,
respectively, resulting in the conversion into an aggregate of
93,797,501 shares of common stock and 709,625 shares of Series B
preferred stock of Agritech.

As a result of the Reincorporation, the separate corporate
existence of Z Trim will cease and (i) Agritech Worldwide will
continue in existence as the surviving corporation and will succeed
to and possess all rights, privileges, powers and franchises of Z
Trim; (ii) all of the assets and property of whatever kind and
character of  Z Trim will be owned by Agritech Worldwide; and (iii)
Agritech Worldwide will be liable for all of the liabilities and
obligations of  Z Trim, and any claim or judgment against Z Trim
may be enforced against Agritech Worldwide, as the surviving
corporation.

Upon the effectiveness of the Reincorporation:

  * the affairs of Z Trim ceased to be governed by (i) Illinois
    corporation laws, (ii) Z Trim's Articles of Incorporation, and
   (iii) Z Trim's Bylaws, and the affairs of the Registrant became
    subject to (a) Nevada corporation laws, (b) Agritech's
    Articles of Incorporation of and (c) Agritech's Bylaws;

  * the resulting Nevada corporation (Agritech) will (i) be deemed

    to be the same entity as the Illinois corporation (Z Trim) for
    all purposes under the laws of Nevada, (ii) continue to have
    all of the rights, privileges and powers of the Illinois
    corporation, (iii) continue to possess all properties of the
    Illinois corporation, and (iv) continue to have all of the
    debts, liabilities and obligations of the Illinois
    corporation;

  * each outstanding share of the Illinois corporation's common
    stock and preferred stock will continue to be an outstanding
    share of the Nevada corporation's common stock and preferred
    stock, respectively, and each outstanding option, warrant or
    other right to acquire shares of the Illinois corporation's
    common stock will continue to be an outstanding option,
    warrant or other right to acquire shares of the Nevada
    corporation's common stock;

  * each employee benefit plan, incentive compensation plan or
    other similar plan of the Illinois corporation will continue
    to be an employee benefit plan, incentive compensation plan or

    other similar plan of the Nevada corporation; and

  * each director and officer of the Illinois corporation will
    continue to hold their respective offices with the Nevada
    corporation.

The Reincorporation effected a change in the legal domicile of the
Company and other changes of a legal nature, the most significant
of which are described in the definitive proxy statement filed by Z
Trim with the Securities and Exchange Commission on Schedule 14C on
Nov. 30, 2015, under the section entitled "Proposal 1 --
Reincorporation of the Corporation from the State of Illinois to
the State of Nevada."

The Reincorporation is not expected to affect any of the Company's
material contracts with any third parties, and the Company's rights
and obligations under such material contractual arrangements will
continue as rights and obligations of the Company after the
Reincorporation.  The Reincorporation itself will not result in any
change in headquarters, business, management, location of any of
the Company's offices or facilities, number of employees, assets,
liabilities or net worth (other than as a result of the costs
incident to the Reincorporation) of the Company.

            May Issue 40MM Shares Under Incentive Plan

In an effort to preserve cash and to attract, retain and motivate
persons who make important contributions to the Company's business,
the Company intends to issue securities to its officers, directors
and consultants.  The Company's Amended and Restated Incentive
Compensation Plan only had a limited number of shares of common
stock reserved for issuance under the Plan.  As a result, the
Company's management believed that the number of shares of common
stock available for issuance under the Plan needed to be increased
in order to enable the Company to compete successfully for talented
employees and consultants.

The Company's Board of Directors approved, and holders of
approximately 73.6% of the voting power of the Company as of
Nov. 20, 2015, approved, an amendment to increase by 22,000,000 the
number of shares that may be granted under the Plan.  The amendment
to the Plan will increase the number of shares of common stock with
respect to which awards may be granted under the Plan from
18,000,000 shares to 40,000,000 shares.

                           About Z Trim

Mundelein, Ill.-based Z Trim Holdings, Inc., is a functional food
ingredient company which provides custom product solutions that
help answer the food industry's problems.  Z Trim's revolutionary
technology provides value-added ingredients across virtually all
food industry categories.  Z Trim's all-natural products, among
other things, help to reduce fat and calories, add fiber, provide
shelf-stability, prevent oil migration, and add binding capacity
-- all without degrading the taste and texture of the final food
products.

Z Trim Holdings reported a net loss of $5.57 million in 2014,
following a net loss of $13.4 million in 2013.

As of Sept. 30, 2015, the Company had $1.49 million in total
assets, $4.43 million in total liabilities and a $2.93 million
total stockholders' deficit.

M&K CPAS, PLLC, in Houston, Texas, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2014, citing that the Company does not have
enough cash on hand to meet its current liabilities and has had
reoccurring losses as of Dec. 31, 2014.  These conditions raise
substantial doubt about its ability to continue as a going
concern.


ZLOOP INC: Files Schedules of Assets and Liabilities
----------------------------------------------------
ZLOOP, Inc., filed with the U.S. Bankruptcy Court for the District
of Delaware its schedules of assets liabilities, disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property                $2,568,403
  B. Personal Property           $14,702,650
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                                        $0
  E. Creditors Holding
     Unsecured Priority
     Claims                                          $201,613
  F. Creditors Holding
     Unsecured Non-Priority
     Claims                                       $23,967,412
                                 -----------      -----------
        Total                    $17,271,053      $24,169,025

A copy of the schedules is available for free at:

                     http://is.gd/5ahZyi

                     About ZLOOP, Inc.

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.

                            *     *     *

Zloop, Inc., et al., filed with the U.S. Bankruptcy Court for the
District of Delaware a Joint Chapter 11 Plan of Liquidation and
accompanying disclosure statement, which contemplate the sale of
substantially all of the Debtors' assets, before, on or following
the Effective Date.


ZLOOP INC: Seeks to Extend Time to Remove Actions to July 6
-----------------------------------------------------------
ZLOOP, Inc., filed with the U.S. Bankruptcy Court for the District
of Delaware a second motion to extend the time to file notices of
removal of related proceedings.  The Debtors are asking the Court
to extend by 120 days through and including July 6, 2016, the
deadline to file notices or motions of removal of related
proceedings.

The Debtors are party to several lawsuits pending in several
different jurisdictions, and are still in the process of evaluating
the relevant information to make informed decisions about any such
lawsuits to determine whether removal is warranted and/or are
currently in the process of removing such actions.  However, given
the numerous exigent matters in which they and their professionals
have been engaged since the Petition Date, the Debtors have been
unable to complete the removal process as to all pending suits.  As
a result, the Debtors require additional time to consider filing
notices of removal in the Civil Actions and to complete removal
where they have filed such notices.

                     About ZLOOP, Inc.

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.

                            *     *     *

Zloop, Inc., et al., filed with the U.S. Bankruptcy Court for the
District of Delaware a Joint Chapter 11 Plan of Liquidation and
accompanying disclosure statement, which contemplate the sale of
substantially all of the Debtors' assets, before, on or following
the Effective Date.


[*] Moody's Concludes Reviews for 4 US B-rated E&P Companies
------------------------------------------------------------
Moody's Investors Service, on March 28, 2016, concluded rating
reviews on four US B-rated exploration and production (E&P)
companies.  Moody's confirmed one company's ratings, downgraded one
company's ratings one notch, and downgraded two companies' ratings
three notches.

Oil prices have dropped substantially reflecting continuing
oversupply in the global oil markets, very high inventory levels
and additional Iranian oil exports coming on line.  Furthermore,
North American natural gas and natural gas liquids prices remain
quite weak.  Moody's lowered its oil price estimates on January 21
and expects a slow recovery for oil prices over the next several
years.  For E&P companies, cash flow declines in tandem with oil
prices, with the decline weakening credit metrics and liquidity,
and increasing their negative free cash flow.  The drop in oil
prices and corresponding capital market concerns will also raise
financing costs and increase refinancing risks for E&P companies.

The drop in oil prices has caused a fundamental change in the
energy industry, and its ability to generate cash flow has fallen
substantially.  Moody's believes this condition looks likely to
persist for several years.  As a result, Moody's is recalibrating
the ratings of many energy companies to reflect this industry
shift.  However, the impact of the drop in oil prices will vary
substantially from issuer to issuer.  As a result, Moody's
confirmed the current ratings of some companies, while downgrading
others by multiple notches.

                         RATINGS RATIONALE

Breitburn Energy Partners L.P.
Lead Analyst: Amol Joshi

Moody's downgraded Breitburn's Corporate Family Rating (CFR) to
Caa2 from B2, with a negative outlook.  This downgrade reflects
Breitburn's high leverage and limited asset coverage, exacerbated
by its deteriorating retained cash flow as its hedges roll off. The
Caa2 CFR also considers the structural risks inherent in the MLP
business model, which typically requires continuous cash
distributions and external funding requirements to support the
partnership's acquisitive growth strategy.  Breitburn has
proactively suspended its distributions to common unit holders in
order to preserve liquidity.  The Caa2 rating also reflects
constrained financial flexibility and the company's high cost of
capital.  Breitburn's Caa2 CFR is supported by its size on both
production and reserves basis, basin diversification, and
relatively high liquids mix.

The rating outlook is negative reflecting Breitburn's deteriorating
cash flow and leverage metrics as well as its weakening liquidity
profile as its hedges roll off.  Moody's could downgrade the
ratings if Breitburn's liquidity deteriorates further or
Breitburn's EBITDA to Interest Expense falls below 1.25x.  While
unlikely in the near-term, we could upgrade the ratings if
Breitburn is able to maintain its production base and sustain
EBITDA to Interest Expense above 1.75x while maintaining adequate
liquidity after most of its existing hedges roll off.

Memorial Production Partners LP
Lead Analyst: Sreedhar Kona

Moody's downgraded MEMP's Corporate Family Rating (CFR) to Caa2
from B2, with a negative outlook.  This action considers MEMP's
deteriorating credit metrics, and its weakening liquidity.  While
MEMP's strong hedge book offsets the weak commodity prices, MEMP's
high leverage reflected in its retained cash flow to debt is
expected to deteriorate further through 2016 and 2017.  The recent
reduction in distributions is significant; however, the likelihood
of a borrowing base reduction in the spring 2016 redetermination
materially restricts MEMP's liquidity and its ability to maintain
its current production levels.  MEMP could potentially breach its
EBITDAX to interest covenant by mid-2017 under its senior secured
revolving credit facility.

The negative outlook reflects the weakening liquidity and potential
covenant compliance risk in the next 18 months.  MEMP's ratings
could be downgraded if liquidity drops below $100 million or if the
company pursues debt restructuring.  MEMP's ratings could be
considered for an upgrade if the debt is reduced significantly to
result in an improved capital structure with adequate liquidity.

Memorial Resource Development Corp.
Lead Analyst: Sreedhar Kona

Moody's confirmed MRD's B2 Corporate Family Rating (CFR) with a
stable outlook.  This action reflects the company's consolidated
core position in and around the Terryville complex of Northern
Louisiana, relatively high single well economics at current
commodity prices, strong hedge program, comparatively lower
leverage and projected growth in production with a modest increase
in leverage.  However, MRD's rating is constrained by its ownership
in Memorial Production Partners LP (MEMP, Caa2 negative), which
could have a negative impact on MRD's rating. MRD's intent to
deconsolidate MEMP and the non-recourse nature of the MEMP's debt
mitigate the risk.  The B2 CFR also considers other factors such as
concentration of reserves, size and scale of the company and very
high exposure to natural gas prices.

The stable rating outlook reflects MRD's good liquidity and Moody's
expectation that MRD's operations and credit metrics will be
supportive of the current rating.  Moody's also expects MRD will
mitigate the risk of MEMP's impact on MRD's credit metrics. An
upgrade could be considered if MRD is successful in continuing to
grow production while maintaining an LFCR of above 1x on a
sustained basis, and deconsolidate MEMP with minimal or no impact
to MRD.  A downgrade is possible if retained cash flow to debt
falls below 15% or liquidity deteriorates materially.  MRD's
ratings could face downward pressure if MEMP's impact on MRD is not
mitigated by the end of 2016 and MEMP's credit rating worsens.

Vine Oil & Gas, LP
Lead Analyst: Morris Borenstein

Moody's downgraded Vine's Corporate Family Rating (CFR) to Caa1
from B3, with a negative outlook.  The Caa1 rating reflects its
early stage operations, high projected debt levels, and the
execution risk associated with implementing its ambitious
development plan in a weak natural gas price environment.  Credit
metrics are expected to remain weak until at least mid-2017 and the
company will need to incur additional debt over the next two years
in order to fund its drilling program in the Haynesville Shale.
Onerous payments tied to gathering liabilities associated with
minimum volume commitments will weigh on Vine's profitability and
cash flows over the next two years.  The company has a revolving
credit facility with a $350 million borrowing base floor that can
support this year's drilling program, and access to $150 million in
additional loans that become available late in 2016 (although
uncommitted today) to partially fund 2017.  The drilling program
for 2017 will also be dependent on the magnitude of the rig program
as well as the productivity of wells drilled this year.  Supporting
the rating is the company's strong hedge portfolio that provides
good price protection despite very weak natural gas prices and its
improving drilling and completion costs.

The negative rating outlook reflects Moody's expectation that Vine
will be free cash flow negative over the next two years to support
developing its acreage.  The ratings could be downgraded if the
company's liquidity worsens, specifically, if it is unable to
secure commitments for a $150 million superpriority loan or if the
company is unable to execute on its development plans.  A ratings
upgrade is unlikely in 2016.  The ratings could be upgraded if
retained cash flow to debt is sustained above 10% and Vine
maintains adequate liquidity.

Issuer: Breitburn Energy Partners L.P.

Downgrades:

  Probability of Default Rating, Downgraded to Caa2-PD from B2-PD
  Corporate Family Rating, Downgraded to Caa2 from B2
  Senior Unsecured Regular Bond/Debentures, Downgraded to Caa3
   (LGD 5) from Caa1 (LGD 5)

Affirmations:
  Speculative Grade Liquidity Rating, Affirmed SGL-3

Outlook Actions:
Issuer: Breitburn Energy Partners L.P.
  Outlook, Changed To Negative From Rating Under Review

Issuer: Memorial Production Partners LP
Downgrades:
  Probability of Default Rating, Downgraded to Caa2-PD from B2-PD
  Corporate Family Rating, Downgraded to Caa2 from B2
  Senior Unsecured Regular Bond/Debentures , Downgraded to Caa3
   (LGD 5) from Caa1 (LGD 5)

Lowered:
  Speculative Grade Liquidity Rating, Lowered to SGL-4 from SGL-2

Outlook Actions:
Issuer: Memorial Production Partners LP
  Outlook, Changed To Negative From Rating Under Review

Issuer: Memorial Resource Development Corp.
Confirmations:
  Probability of Default Rating, Confirmed at B2-PD
  Corporate Family Rating, Confirmed at B2
  Senior Unsecured Regular Bond/Debenture, Confirmed at Caa1
   (LGD5)

Affirmations:
  Speculative Grade Liquidity Rating, Affirmed SGL-2

Outlook Actions:
Issuer: Memorial Resource Development Corp.
  Outlook, Changed To Stable From Rating Under Review

Issuer: Vine Oil & Gas, LP
Downgrades:
  Probability of Default Rating, Downgraded to Caa1-PD from B3-PD
  Corporate Family Rating, Downgraded to Caa1 from B3
  Senior Secured Bank Credit Facility, Downgraded to Caa1 (LGD 4)
   from B3 (LGD 4)
  Senior Secured Bank Credit Facility, Downgraded to Caa3 (LGD 5)
   from Caa2 (LGD 5)

Withdrawals:
  Speculative Grade Liquidity Rating, Withdrawn , previously rated

   SGL-3

Outlook Actions:
Issuer: Vine Oil & Gas, LP
  Outlook, Changed To Negative From Rating Under Review


[*] Tiger Capital Group Rebrands Remarketing Services Division
--------------------------------------------------------------
Tiger Capital Group on March 28 disclosed that it is rebranding its
remarketing services division to better reflect its global role as
a broad-based disposition company with particular expertise in
monetizing commercial and industrial assets.

Formerly known as Tiger Remarketing Services, the newly rebranded
Tiger Commercial & Industrial division continues to see surging
interest in its sophisticated, multi-pronged approach to monetizing
assets, said Jeff Tanenbaum, President of Tiger Commercial &
Industrial.

"Our team of veteran disposition experts takes a holistic approach
to leveraging a company's assets. Approaches include a wide range
of sales methodologies, including live webcast auctions, sealed-bid
offerings and direct negotiations, as well as creative capital
structures that can provide companies with short-term funding to
bridge times of transition and distress," Mr. Tanenbaum said.
"This versatility has enabled Tiger Commercial & Industrial to
monetize over one billion dollars worth of machinery, equipment,
inventories and real and intellectual properties over the past few
years alone."

This move also supports Tiger Capital Group's corporate vision of
servicing the industrial sector with intelligence, capital and
dispositions.  Early this year, Tiger Valuation Services hired
veteran M&E appraisal professional Bryan Seeley to serve as its
Director of M&E Appraisals.  "We are steadfast in our mission to be
the gold standard in our industry," stated Tiger Capital Group COO
Michael McGrail.  "To be an industry leader in a multi-faceted
organization requires collaboration and shared vision across all
platforms."

Tiger Capital Group, which provides asset valuation, advisory and
disposition services to a broad range of clients, formalized its
existing commercial and industrial disposition services by
establishing the Remarketing Services division under Mr. Tanenbaum
in 2010.  To date, the team has conducted hundreds of dispositions
involving commercial and heavy industrial concerns of all types and
sizes, working on behalf of asset-based lenders, bankruptcy
trustees, Fortune 500 companies, estates and other strategic
partners, either on a fee basis or by purchasing assets outright.

Noteworthy dispositions from the past year include the company's
sale of six sites for American Forest Products, which included both
state-of-the-art manufacturing and distribution facilities
throughout the U.S.  The process included a number of online
auctions and sealed-bid offerings, resulting in two facilities sold
turnkey.  Turnkey sales, in which all assets are sold as one, in
cooperation with a real estate sale or lease, are a particular
strength of Tiger, Mr. Tanenbaum noted.  In 2015 alone, the company
facilitated five such turnkey transactions, including the AFP
facilities, a biomass woodchip-to-fuel production plant for biofuel
maker Kior, and two wholesale inventory distribution companies --
Papa Automotive and Univita Healthcare.

Other industrial projects included a live webcast auction of assets
formerly owned by the now-defunct Mlaskoch Excavating Inc. of
Willow River, Minn.  The sale included more than 750 pieces of
directional drilling equipment, earthmoving equipment and rolling
stock.  Additionally, Tiger sold commercial printing facilities for
two Southern California companies: Pennysaver, a three-facility web
printing operation, and Avid Ink, which encompassed both textile
printing and sheet-fed printing presses.  Tiger sold the Pennysaver
and Avid Ink assets via multi-day live webcast auction events.

Commercial projects from 2015 included the sale of more than $50
million of electronic test and measurement equipment for a
multinational global telecommunications company, and a number of
high-profile sales in the broadcast and professional audio and
video sector, including the sale of excess broadcast, presentation,
event and digital cinema gear from VER (Video Equipment Rentals), a
major rental company with locations ranging from California to
British Columbia to Frankfort, Germany, as well as a sizeable
purchase and sale of broadcast equipment direct from Sony.

"Over the course of 2015, our auctions reached buyers well beyond
North America, including the United Kingdom, Finland, China and
India," said Tiger Capital Group Managing Member Daniel Kane.  "We
have been very pleased with the division's growth and are looking
forward to accomplishing even more in the commercial and industrial
space in the years ahead."

                        About Tiger Group

Tiger Capital Group -- http://www.TigerGroup.com/-- provides asset
valuation, advisory and disposition services to a broad range of
retail, wholesale, and industrial clients.  With over 40 years of
experience and significant financial backing, Tiger offers a
uniquely nimble combination of expertise, innovation and financial
resources to drive results.  Tiger's seasoned professionals help
clients identify the underlying value of assets, monitor asset risk
factors and, when needed, provide capital or convert assets to
capital quickly and decisively.  Tiger's collaborative,
straight-forward approach is the foundation for its many long-term
'partner' relationships and decades of success.  Tiger maintains
domestic offices in New York, Los Angeles, Boston, Chicago, and San
Francisco, and international offices in Sydney, Perth, and
Brisbane, Australia.


[^] Recent Small-Dollar & Individual Chapter 11 Filings
-------------------------------------------------------
In re Bosko Momcilovic
   Bankr. D. Ariz. Case No. 16-02593
      Chapter 11 Petition filed March 16, 2016
         Filed Pro S

In re William Camacho
   Bankr. C.D. Cal. Case No. 16-10760
      Chapter 11 Petition filed March 16, 2016
         Filed Pro Se

In re Christopher Sabin Nassif
   Bankr. C.D. Cal. Case No. 16-10772
      Chapter 11 Petition filed March 16, 2016
         Represented by: M Jonathan Hayes, Esq.
                         SIMON RESNIK HAYES LLP
                         E-mail: jhayes@srhlawfirm.com

In re Lucky Cats, Inc.
   Bankr. C.D. Cal. Case No. 16-13325
      Chapter 11 Petition filed March 16, 2016
         See http://bankrupt.com/misc/cacb16-13325.pdf
         represented by: Steven R Fox, Esq.
                         LAW OFFICES OF STEVEN R. FOX
                         E-mail: emails@foxlaw.com

In re Cynthia Pandora Stafford
   Bankr. C.D. Cal. Case No. 16-13355
      Chapter 11 Petition filed March 16, 2016
         Filed Pro Se

In re Chalfont Rock, LLC
   Bankr. D. Colo. Case No. 16-12343
      Chapter 11 Petition filed March 16, 2016
         File Pro Se

In re Vinod Gopal Patel
   Bankr. S.D. Fla. Case No. 16-13703
      Chapter 11 Petition filed March 16, 2016

In re Didi Real Estate, LLC
   Bankr. S.D. Fla. Case No. 16-13737
      Chapter 11 Petition filed March 16, 2016
         See http://bankrupt.com/misc/flsb16-13737.pdf
         represented by: Adam I Skolnik, Esq.
                         LAW OFFICE OF ADAM I. SKOLNIK, PA
                         E-mail: askolnik@skolniklawpa.com

In re Celeste Adrian MD, LLC
   Bankr. D. Haw. Case No. 16-00266
      Chapter 11 Petition filed March 16, 2016
         See http://bankrupt.com/misc/hib16-00266.pdf
         represented by: Jerrold K. Guben, Esq.
                         O'CONNOR PLAYDON & GUBEN
                         E-mail: jkg@opglaw.com

In re Michael Dean Fromke
   Bankr. E.D. Tenn. Case No. 16-30815
      Chapter 11 Petition filed March 16, 2016

In re Franklin Graham Locke
   Bankr. M.D. Tenn. Case No. 16-01893
      Chapter 11 Petition filed March 16, 2016

In re Lisa A. Kerich
   Bankr. E.D. Tex. Case No. 16-40476
      Chapter 11 Petition filed March 16, 2016
         Represented by: Christopher J. Moser, Esq.
                         QUILLING SELANDER LOWNDS WINSLETT MOSER
                         E-mail: cmoser@qslwm.com

In re Marcie Lynn Lutzke
   Bankr. C.D. Cal. Case No. 16-13429
      Chapter 11 Petition filed March 17, 2016
         Represented by: Michael R Totaro, Esq.
                         TOTARO & SHANAHAN
                         E-mail: Ocbkatty@aol.com

In re Dresden Maria Erickson
   Bankr. N.D. Cal. Case No. 16-50805
      Chapter 11 Petition filed March 17, 2016
         Represented by: David A. Boone, Esq.
                         LAW OFFICES OF DAVID A. BOONE
                         E-mail: ecfdavidboone@aol.com

In re Ernie Johnson, Jr.
   Bankr. S.D. Ind. Case No. 16-80160
      Chapter 11 Petition filed March 17, 2016
         represented by: KC Cohen, Esq.
                         E-mail: kc@esoft-legal.com

In re Ernie D. Johnson
   Bankr. S.D. Ind. Case No. 16-80161
      Chapter 11 Petition filed March 17, 2016
         represented by: KC Cohen, Esq.
                         E-mail: kc@esoft-legal.com

In re BH GRP, LLC
   Bankr. E.D. La. Case No. 16-10575
      Chapter 11 Petition filed March 17, 2016
         See http://bankrupt.com/misc/laeb16-10575.pdf
         represented by: Derek Terrell Russ, Esq.
                         E-mail: derekruss@russlawfirm.net

In re John Begnaud Electric Motors, Inc.
   Bankr. W.D. La. Case No. 16-50374
      Chapter 11 Petition filed March 17, 2016
         See http://bankrupt.com/misc/lawb16-50374.pdf
         represented by: Derek Terrell Russ, Esq.
                         E-mail: derekruss@russlawfirm.net

In re 4-EVER-WATER-TITE, LLC
   Bankr. E.D. Mich. Case No. 16-43958
      Chapter 11 Petition filed March 17, 2016
         See http://bankrupt.com/misc/mieb16-43958.pdf
         represented by: Donald C. Darnell, Esq.
                         E-mail: dondarnell@darnell-law.com

In re Ronald Camerid Akers and Daphne Baronet Akers
   Bankr. E.D.N.C. Case No. 16-01434
      Chapter 11 Petition filed March 17, 2016
         Represented by: David J Haidt, Esq.
                         AYERS, HAIDT & TRABUCCO, P.A.
                         E-mail: davidhaidt@embarqmail.com

In re Golden - 24th Realty, LLC
   Bankr. E.D.N.Y. Case No. 16-41080
      Chapter 11 Petition filed March 17, 2016
         See http://bankrupt.com/misc/nyeb16-41080.pdf
         represented by: Eric H Horn, Esq.
                         VOGEL BACH & HORN, PC
                         E-mail: ehorn@vogelbachpc.com

In re Neil Alan Johnson
   Bankr. D. Utah Case No. 16-22112
      Chapter 11 Petition filed March 17, 2016
         Represented by: Steven C. Tycksen, Esq.
                         TYCKSEN & SHATTUCK, LC
                         E-mail: steve@tyshlaw.com

In re Philip Herrington
   Bankr. E.D. Ark. Case No. 16-11491
      Chapter 11 Petition filed March 18, 2016
         Represented by: Kevin P. Keech, Esq.
                         KEECH LAW FIRM, PA
                         E-mail: kkeech@keechlawfirm.com

In re Ian Chait
   Bankr. D. Ariz. Case No. 16-02747
      Chapter 11 Petition filed March 18, 2016
         Represented by: Thomas I Allen, Esq.
                         ALLEN BARNES & JONES,PLC
                         E-mail: tallen@allenbarneslaw.com

In re McKnight Transport, LLC
   Bankr. D.N.J. Case No. 16-15031
      Chapter 11 Petition filed March 18, 2016
         See http://bankrupt.com/misc/njb16-15031.pdf
         Represented by: William H. Oliver, Jr., Esq.
                         E-mail: bkwoliver@aol.com

In re Jeffrey Bruce Geller and Dawn Renee Geller
   Bankr. D.N.J. Case No. 16-15049
      Chapter 11 Petition filed March 18, 2016
         Represented by: E. Richard Dressel, Esq.
                         FLASTER GREENBERG
                         E-mail: rick.dressel@flastergreenberg.com

In re Surgical Oncology and Gastrointestinal Surgery Consultants,
LLC
   Bankr. D.N.M. Case No. 16-10650
      Chapter 11 Petition filed March 18, 2016
         See http://bankrupt.com/misc/nmb16-10650.pdf
         represented by: Michael K Daniels, Esq.
                         E-mail: mdaniels@nm.net

In re Cirilo Rodriguez
   Bankr. S.D.N.Y. Case No. 16-22348
      Chapter 11 Petition filed March 18, 2016
         Filed Pro Se

In re MJ Novelty Creation, Inc.
   Bankr. E.D.N.Y. Case No. 16-41110
      Chapter 11 Petition filed March 18, 2016
         See http://bankrupt.com/misc/nyeb16-41110.pdf
         represented by: Vivian M Williams, Esq.
                         E-mail: vwilliams@vmwassociates.com

In re John Lisaite Bayardelle and Claudie Bayardelle
   Bankr. S.D.N.Y. Case No. 16-22355
      Chapter 11 Petition filed March 18, 2016
         Represented by: Benjamin M. Adams, Esq.
                         ADAMS LAW GROUP LLC
                         E-mail: ben@adamsatlaw.com

In re Norman Edward McMahon
   Bankr. E.D. Penn. Case No. 16-11874
      Chapter 11 Petition filed March 18, 2016
         Filed Pro Se

In re SKF, Inc.
   Bankr. C.D. Cal. Case No. 16-11154
      Chapter 11 Petition filed March 20, 2016
         See http://bankrupt.com/misc/cacb16-11154.pdf
         represented by: Thomas J Polis, Esq.
                         POLIS & ASSOCIATES, APLC
                         E-mail: ecf@polis-law.com

In re Panchita Bello
   Bankr. D.D.C. Case No. 16-00130
      Chapter 11 Petition filed March 20, 2016
         Represented by: Jeffrey M. Sherman, Esq.
                         LAW OFFICES OF JEFFREY M. SHERMAN
                         E-mail: jeffreymsherman@gmail.com
In re Menlo Millwork, LLC
   Bankr. N.D. Cal. Case No. 16-30298
      Chapter 11 Petition filed March 21, 2016
         See http://bankrupt.com/misc/canb16-30298.pdf
         represented by: Mark Ruiz, Esq.
                         LAW OFFICE OF MARK RUIZ
                         E-mail: markruizlaw@yahoo.com

In re Thanh Van Do
   Bankr. N.D. Cal. Case No. 16-50827
      Chapter 11 Petition filed March 21, 2016
         represented by: Nina C. Decker, Esq.
                         THE MLNARIK LAW GROUP, INC.
                         E-mail: nina@mlnariklaw.com

In re Doral Dental, PA
   Bankr. S.D. Fla. Case No. 16-13927
      Chapter 11 Petition filed March 21, 2016
         See http://bankrupt.com/misc/flsb16-13927.pdf
         represented by: Joel M. Aresty, Esq.
                         E-mail: aresty@mac.com

In re First One Hundred LLC
   Bankr. S.D. Fla. Case No. 16-13973
      Chapter 11 Petition filed March 21, 2016
         See http://bankrupt.com/misc/flsb16-13973.pdf
         represented by: Zach B Shelomith, Esq.
                         LEIDERMAN SHELOMITH, PA
                         E-mail: zshelomith@lslawfirm.net

In re Dewey Henry Reed, 3rd and Karen Hoxter Reed
   Bankr. D. Md. Case No. 16-13654
      Chapter 11 Petition filed March 21, 2016
         represented by: George R. Roles, Esq.
                         RUSSACK ASSOCIATES LLC
                         E-mail: george@russacklaw.com

In re SCT Transportation, Inc.
   Bankr. S.D. Miss. Case No. 16-00989
      Chapter 11 Petition filed March 21, 2016
         See http://bankrupt.com/misc/mssb16-00989.pdf
         represented by: J. Walter Newman, IV, Esq.
                         NEWMAN & NEWMAN
                         E-mail: wnewman95@msn.com

In re 1600 Locust Avenue Associates, LLC
   Bankr. E.D.N.Y. Case No. 16-71189
      Chapter 11 Petition filed March 21, 2016
         See http://bankrupt.com/misc/nyeb16-71189.pdf
         represented by: Michael G McAuliffe, Esq.
                         THE LAW OFFICE OF MICHAEL G MCAULIFFE
                         E-mail: mgmlaw@optonline.net

In re General Motriz, Inc.
   Bankr. D.P.R. Case No. 16-02193
      Chapter 11 Petition filed March 21, 2016
         See http://bankrupt.com/misc/prb16-02193.pdf
         represented by: Victor Gratacos Diaz, Esq.
                         GRATACOS LAW FIRM, PSC
                         E-mail: bankruptcy@gratacoslaw.com

In re Thomas A Helgeson
   Bankr. W.D. Wis. Case No. 16-10930
      Chapter 11 Petition filed March 21, 2016
         represented by: Greg P. Pittman, Esq.
                         PITTMAN & PITTMAN LAW OFFICES, LLC
                         E-mail: greg@pittmanandpittman.com
In re Jesus Tudela Lizama and Victoria Leon Guerrero Lizama
   Bankr. D.N. Mar. Is. Case No. 16-00003
      Chapter 11 Petition filed March 21, 2016
         represented by: Alexis Fallon, Esq.
                         FALLON LAW OFFICE, LLC
                         E-mail: alexisfallon@usa.net

In re Mordechai Yosef Orian
   Bankr. C.D. Cal. Case No. 16-10514
      Chapter 11 Petition filed March 22, 2016
         See http://bankrupt.com/misc/cacb16-10514.pdf
         represented by: Michael Jay Berger, Esq.
                         LAW OFFICES OF MICHAEL JAY BERGER
                         E-mail:
michael.berger@bankruptcypower.com

In re 2Shirts1Skirt, LLC
   Bankr. C.D. Cal. Case No. 16-12505
      Chapter 11 Petition filed March 22, 2016
         See http://bankrupt.com/misc/cacb16-12505.pdf
         represented by: Robert B Rosenstein, Esq.
                         ROSENSTEIN & ASSOCIATES
                         E-mail: robert@thetemeculalawfirm.com

In re John Turnock
   Bankr. D. Colo. Case No. 16-12566
      Chapter 11 Petition filed March 22, 2016
         represented by: Aaron A Garber, Esq.
                         Email: aag@kutnerlaw.com

In re Leah Ann Teekell Taylor
   Bankr. M.D. Fla. Case No. 16-02408
      Chapter 11 Petition filed March 22, 2016
         represented by: Justin M. Luna, Esq.
                         LATHAM, SHUKER, EDEN & BEAUDINE, LLP
                         E-mail: jluna@lseblaw.com

In re Midwest Legacy, LLC
   Bankr. D. Kan. Case No. 16-10431
      Chapter 11 Petition filed March 22, 2016
         See http://bankrupt.com/misc/ksb16-10431.pdf
         represented by: Todd Allison, Esq.
                         LAW OFFICE OF TODD ALLISON, PA
                         E-mail: todd@toddallisonlaw.com

In re Brenda E. Howard
   Bankr. D. Md. Case No. 16-13656
      Chapter 11 Petition filed March 22, 2016
         represented by: Donald L Bell, Esq.
                         THE LAW OFFICE OF DONALD L. BELL, LLC
                         E-mail: donbellaw@gmail.com

In re Amy A Bradbury and Troy L Bradbury
   Bankr. D. Md. Case No. 16-13659
      Chapter 11 Petition filed March 22, 2016
         represented by: John C. Gordon, Esq.
                         E-mail: johngordon@me.com

In re R&R Brokerage Inc.
   Bankr. S.D. Miss. Case No. 16-01006
      Chapter 11 Petition filed March 22, 2016
         See http://bankrupt.com/misc/mssb16-01006.pdf
         represented by: J. Walter Newman IV, Esq.
                         NEWMAN & NEWMAN
                         E-mail: wnewman95@msn.com

In re Julio B. Maldonado
   Bankr. D.N.J. Case No. 16-15398
      Chapter 11 Petition filed March 22, 2016
         represented by: Melinda D. Middlebrooks, Esq.
                         Middlebrooks Shapiro, PC
                         E-mail:
middlebrooks@middlebrooksshapiro.com

In re Toz-Bel, LLC
   Bankr. D.N.J. Case No. 16-15415
      Chapter 11 Petition filed March 22, 2016
         See http://bankrupt.com/misc/njb16-15415.pdf
         represented by: Anthony Sodono III, Esq.
                         TRENK, DIPASQUALE, DELLA FERA & SODONO,
PC
                         E-mail: asodono@trenklawfirm.com

In re Subashini R. Daniel
   Bankr. N.D.N.Y. Case No. 16-60376
      Chapter 11 Petition filed March 22, 2016
         represented by: Richard L. Weisz, Esq.
                         HODGSON RUSS LLP
                         E-mail: Rweisz@hodgsonruss.com

In re Fashion Style, Inc.
   Bankr. D.P.R. Case No. 16-02239
      Chapter 11 Petition filed March 22, 2016
         See http://bankrupt.com/misc/prb16-02239.pdf
         represented by: Wanda I. Luna Martinez, Esq.
                         LUNA LAW OFFICES
                         E-mail: quiebra@gmail.com

In re Sharon Kaye Moore
   Bankr. N.D. Tex. Case No. 16-41131
      Chapter 11 Petition filed March 22, 2016
         represented by: Craig Douglas Davis, Esq.
                         DAVIS, ERMIS & ROBERTS, PC
                         E-mail: davisdavisandroberts@yahoo.com

In re River Bank Enterprises, LLC
   Bankr. E.D. Va. Case No. 16-11022
      Chapter 11 Petition filed March 22, 2016
         See http://bankrupt.com/misc/vaeb16-11022.pdf
         represented by: John W. Bevis, Esq.
                         JOHN W. BEVIS, PC
                         E-mail: johnbevis@bevislawoffices.com

In re Sandeep Vardan
   Bankr. W.D. Va. Case No. 16-70362
      Chapter 11 Petition filed March 22, 2016
         Filed Pro Se

In re Air Photographics, Inc.
   Bankr. N.D.W.V. Case No. 16-00242
      Chapter 11 Petition filed March 22, 2016
         represented by: Joseph W. Caldwell, Esq.
                         E-mail: joecaldwell@frontier.com



                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
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.

                            *********

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 2016.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $975 for 6 months delivered via
e-mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Peter A.
Chapman at 215-945-7000 or Nina Novak at 202-362-8552.

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