TCR_Public/160421.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Thursday, April 21, 2016, Vol. 20, No. 112

                            Headlines

13 MILE BARRINGTON: Voluntary Chapter 11 Case Summary
2301 INVESTORS: Court Extends Plan Exclusivity to May 13
AEROPOSTALE INC: Said to Bring in Advisers for Review
AF-SOUTHEAST LLC: Case Summary & 3 Unsecured Creditors
AF-SOUTHEAST LLC: Files for Chapter 11 Bankruptcy to Pursue Sale

AF-SOUTHEAST LLC: Seeks Joint Administration of Chapter 11 Cases
ALTICE US: Moody's Assigns Ba3 Rating on $1.5BB Sr. Sec. Notes
ALTICE US: S&P Rates Proposed $1.5BB Secured Notes 'BB-'
AMW MACHINE: Case Summary & 18 Largest Unsecured Creditors
ATRIUM EXECUTIVE: Case Summary & 20 Largest Unsecured Creditors

AVT, INC: To Auction All Assets May 10; Opening Bid at $950K
BELDEN INC: Egan-Jones Cuts Sr. Unsecured Debt Rating to BB-
CAPITOL LAKES: Creditors' Panel Amends Grant Thornton Hiring
CAPITOL LAKES: Hires Alvarez & Marsal as Financial Advisor
CHC GROUP: Moody's Lowers CFR to Ca, Outlook Stays Negative

CHC GROUP: S&P Lowers CCR to 'D' on Skipped Interest Payment
CHC GROUP: Skips $46-Mil. Interest Payment Due April 15
CITYCENTER HOLDINGS: S&P Revises Outlook to Pos. & Affirms B+ CCR
CONGREGATION ACHPRETVIA: Court OKs Landauer Valuation as Appraiser
CORUS ENTERTAINMENT: S&P Cuts CCR to BB, Off CreditWatch Negative

COSTAS KONDYLIS: Has $2.5-Million Offer for Southampton Property
CTI BIOPHARMA: Approves 2015 Employee Bonuses and Stock Awards
D.J. SIMMONS: Court Approves LS Jones as Accountants
DARIUS ENTERPRISES: Selling 9621 Canoga Property for $875,000
DAVID SEMAS: Ritchie to Auction Equipment; Bids Start at $200K

DETROIT, MI: Bankr. Court Orders 2 Prepetition Suits Dismissed
DOLLAR TREE: Egan-Jones Cuts Sr. Unsecured Rating to BB+
ELBIT IMAGING: Insightec Signs LOI with MRI Scanner Manufacturer
EMERALD OIL: Unsecured Creditors Blast Financing Terms
EMRISE CORP: Makes 2nd Liquidation Distribution to Stockholders

ENERGY XXI: Proposes Epiq as Claims and Noticing Agent
ENERGY XXI: Schedules Deadline Extended to May 28
ENERGY XXI: Seeks Joint Administration of Ch. 11 Cases
ERIK SAMUEL DE JONG: Sonora Dairy I Buyer Entitled to $2.1M Claims
EZ MAILING: Asks Court to Extend Plan Filing Period to July 31

FAST STEEL: Case Summary & 20 Largest Unsecured Creditors
FEDERATION EMPLOYMENT: Selling FEGS HAS for $1.38M to Hyde Park
FORESIGHT ENERGY: Gets Consent for Debt Restructuring
FORESIGHT ENERGY: Has Transaction Support Agreement with Lenders
FRONTIER COMMUNICATIONS: Egan-Jones Lowers Sr. Unsec. Rating to B

GENIUS BRANDS: Squar Milner Replaces Haynie & Co. as Accountants
GLOBAL HIGH INCOME: Announces Final Liquidating Distribution
GUIDED THERAPEUTICS: Union Capital Has 9.9% Stake as of April 14
HCSB FINANCIAL: Offering 23.4 Million Common Shares
HHCS INC: Abbate Demarinis Okayed as HHHW's Accountant

HII TECHNOLOGIES: Confirms Chapter 11 Plan of Reorganization
HNO GREEN: U.S. Trustee Seeks Production of Docs
IMPLANT SCIENCES: Platinum Reports 56.7% Stake as of April 6
LEON OSCAR RAMIREZ: Seeks to Extend Plan Exclusivity to May 23
LINN ENERGY: Extends Exchange Offer Until April 25

LINNCO LLC: Extends Exchange Offer Until April 25
LJBV LTD: Voluntary Chapter 11 Case Summary
LOUISIANA PELLETS: Meeting of Creditors Reset to May 4
MAGNUM HUNTER: Bankruptcy Court Confirms Chapter 11 Plan
MAGNUM HUNTER: Court Denies Bid to Form Equity Committee

MAURY ROSENBERG: Bankr. Rules Must Be Followed for Filing Deadlines
MGM RESORTS: CityCenter Reports $301.5 Million Q1 Net Revenues
MICROCHIP TECHNOLOGY: Egan-Jones Cuts LC Sr. Unsec. Rating to BB+
MONGE PROPERTY: Marney Avenue Property Sold for $410,000
NAS HOLDINGS: Bankruptcy Administrator Unable to Appoint Committee

NATGASOLINE LLC: S&P Assigns Prelim. 'BB-' Rating on $250MM Bonds
NEW GULF: Stroock Represents 11.75% Senior Secured Noteholders
NORTH-SOUTH ENTITY: July 11 Fixed as General Claims Bar Date
NUANCE COMMUNICATIONS: S&P Rates $242.5MM Facility 'BB+'
OSL HOLDINGS: Typenex, et al., Report 9.99% Stake

OXYSURE THERAPEUTICS: Cancels Registration of Common Stock
PACIFIC EXPLORATION: Reaches Restructuring Agreement with Catalyst
PACIFIC EXPLORATION: TSX Suspends Listing of Common Shares
PACIFIC SUNWEAR: Mirick O'Connell Representing Multiple Landlords
PACIFIC SUNWEAR: U.S. Trustee Forms 7-Member Committee

PEABODY ENERGY: Ch. 11 Led Coal Operators' Default Risks Soaring
PERPETUAL ENERGY: S&P Lowers CCR to 'CC', Outlook Negative
PETROLEUM PRODUCTS: July 11 Fixed as General Claims Bar Date
PIONEER HEALTH: U.S. Trustee Forms 3-Member Committee
PREMIER GOLF: Cajon Objects to Further Extension of Exclusivity

PRICEVILLE PARTNERS: Taps Dealer's Auto Auction to Sell 97 Cars
PRIMORSK INTERNATIONAL: Hires Clarksons Platou as Broker
QUANTUM CORP: Announces Q4 Preliminary Results
QUANTUM CORP: Extends Bank Credit Facility to August 2017
QUANTUM CORP: Names Fuad Ahmad Chief Financial Officer

QUEST SOLUTION: Incurs $1.71 Million Net Loss in 2015
RAYMOND POWERS: Asks Court to Extend Plan Exclusivity to July 15
REGIONALCARE HOSPITAL: Moody's Assigns B2 CFR, Outlook Stable
REGIONALCARE HOSPITAL: S&P Assigns 'B' CCR, Outlook Stable
REPUBLIC AIRWAYS: Court Approves Seabury as Financial Advisor

ROYALE BUILDERS: Asks Court to Extend Plan Exclusivity to May 31
SEBRING MANAGEMENT: Asks Court to Extend Plan Filing to May 4
SEPCO CORP: Seeks May 13 Extension of Exclusive Plan Filing Date
SEVENTY SEVEN ENERGY: Plans to File for Bankruptcy
SEVENTY SEVEN ENERGY: S&P Lowers CCR to 'CC'; Outlook Negative

SEVENTY SEVEN: Enters Into Restructuring Support Agreement
SOUTHERN REGIONAL: Names James Adams as Chief Executive Officer
SPORTS AUTHORITY: Landlords Press for March Rent Payment
SUNEDISON INC: David Einhorn Reports 2.8% Stake as of April 15
SUNEDISON INC: Failed Deals Could Lead to More Claims

SUNEDISON INC: Potential Bankruptcy May Be "Messy"
SYCAMORE MARBLE: Court Rejects Bid to Extend Exclusivity
TREYSON DEVELOPMENT: Suit vs. President Remanded to Texas State Ct.
TRIANGLE CAPITAL: Egan-Jones Lowers Sr. Unsec. Rating to BB+
VADIUM TECH: AlphaCipher Closes Technology Platform Acquisition

VELOCITY POOLING: Moody's Lowers CFR to Caa1, Outlook Stable
VESTIS RETAIL: Enters Into Purchase Agreement with Versa Unit
VESTIS RETAIL: Meeting to Form Creditors' Panel Set for April 26
WOLVERINE WORLD WIDE: Egan-Jones Cuts Sr. Unsecured Rating to BB+
WORLD KITCHEN: GP Investments Deal No Impact on Moody's B2 Rating

WPX ENERGY: Moody's Lowers Rating on Sr. Unsecured Notes to B3
[*] David Flannery Joins GSO Capital Partners in New York
[*] Mediation Plays Increasing Role in Bankruptcy, Panel Says
[*] Task Force Studying Individual Chapter 11 Filings
[*] TCW Adds Special Situations Analyst to Credit Research Group

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

                            *********

13 MILE BARRINGTON: Voluntary Chapter 11 Case Summary
-----------------------------------------------------
Debtor: 13 Mile Barrington Associates
        2146 Livernois
        Troy, MI 48083

Case No.: 16-45910

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: April 19, 2016

Court: United States Bankruptcy Court
       Eastern District of Michigan (Detroit)

Judge: Hon. Thomas J. Tucker

Debtor's Counsel: Michael I. Zousmer, Esq.
                  ZOUSMER LAW GROUP PLC
                  4190 Telegraph Road, Ste. 3000
                  Bloomfield Hills, MI 48302
                  Tel: 248-351-0099
                  Fax: 248-351-0487
                  E-mail: michael@zlawplc.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Richard F. Mazur, managing partner.

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


2301 INVESTORS: Court Extends Plan Exclusivity to May 13
--------------------------------------------------------
Judge Magdeline D. Coleman of the U.S. Bankruptcy Court for the
Eastern District of Pennsylvania granted the request of debtor 2301
Investors, L.P., to extend the period within which it has the
exclusive right to file and solicit acceptances of a Chapter 11
plan of reorganization.  Judge Coleman said the Debtor may file a
plan and accompanying disclosure statement by May 13. The Debtor
may confirm its plan by July 13.

The Court also directed the Debtor to pay real estate taxes and
file all outstanding U&O reports together with any amounts due and
owing.

2301 Investors, L.P. filed a Chapter 11 petition (Bankr. E.D. Pa.
Case No. 15-14255) on June 17, 2015, and is represented by
Demetrius J. Parrish, Esq. -- djp711@aol.com -- at The Law Offices
of Demetrius J. Parrish.


AEROPOSTALE INC: Said to Bring in Advisers for Review
-----------------------------------------------------
Lauren Coleman-Lochner and Lindsey Rupp, writing for Bloomberg
Brief, reported that Aeropostale Inc. has brought on additional
legal and business advisers as the beleaguered teen-clothing chain
considers a possible restructuring or sale, according to people
familiar with the matter.

The retailer is relying on law firm Weil Gotshal & Manges LLP and
financial adviser FTI Consulting Inc., according to the report,
citing the people, who asked not to be identified because the
deliberations aren't public.  Aeropostale said in March that it was
also working with Stifel Financial Corp. to explore strategic
alternatives, including the possibility of selling the chain or
restructuring it, the report related.

The report noted that Aeropostale is seeking ways to fix the
company after years of tumbling sales and red ink, including a
wider-than-expected loss in the fourth quarter.  The New York-based
retailer has suffered from changing tastes among teen shoppers and
a shift of apparel spending online, the report pointed out.  

In March, the chain said Sycamore's MGF Sourcing unit was holding
up orders and violating a supplier agreement, putting the retailer
at risk of losing millions of dollars, the report said.



AF-SOUTHEAST LLC: Case Summary & 3 Unsecured Creditors
------------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

       Debtor                                      Case No.
       ------                                      --------
       AF-Southeast, LLC                           16-11008
       845 Third Avenue, 8th Floor
       New York, NY 10002
      
       Allied Fiber - Florida, LLC                 16-11009

       Allied Fiber - Georgia, LLC                 16-11010

Nature of Business: Allied Fiber is an open-access, integrated,
                    network-neutral colocation and dark fiber
                    superstructure provider.

Chapter 11 Petition Date: April 20, 2016

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

Judge: Hon. Kevin Gross

Debtors' Counsel: John L. Bird, Esq.
                  FOX ROTHSCHILD LLP
                  919 North Market St., Suite 300
                  Wilmington, DE 19801
                  Tel: 302-622-4263
                  Fax: 302-656-8920
                  Email: jbird@foxrothschild.com

                     - and -

                  Michael G. Menkowitz, Esq.
                  Paul J. Labov, Esq.
                  Jason C. Manfrey, Esq.
                  FOX ROTHSCHILD LLP
                  2000 Market Street, 20 th Floor
                  Philadelphia, PA 19103-3222
                  Tel: (215) 299-2000
                  Fax: (215) 299-2150
                  Email: mmenkowitz@foxrothschild.com
                         plabov@foxrothschild.com
                         jmanfrey@foxrothschild.com

Debtors'          PMCM, LLC
CRO Services
Provider:

Estimated Assets: $10 million to $50 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by Scott Drake, sole member.

List of Debtor AF-Southeast, LLC's three Largest Unsecured
Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Allied Fiber, LLC                                     $16,196,308
845 Third Avenue, 8th Floor
Attn: Chief Financial Officer
New York, NY 10022

Delaware Secretary of State             Fees                 $300
Division of Corporations
P.O. Box 5509
Binghamton, NY
13902-5509

National Corporate                   Trade Debt              $498
Research, LTD
10 East 40th Street, 10th Floor
New York, NY 10016


AF-SOUTHEAST LLC: Files for Chapter 11 Bankruptcy to Pursue Sale
----------------------------------------------------------------
In an attempt to "stop the bleeding" of heavy capital burn while
attempting to maximize recoveries for all stakeholders,
AF-Southeast, LLC and its wholly-owned subsidiaries Allied Fiber -
Florida, LLC and Allied Fiber - Georgia, LLC, commenced cases under
Chapter 11 of the Bankruptcy Code to pursue a streamlined sale
process of their assets.

The Debtors said in Court filings that after spending months
seeking alternatives in an effort to make their business
profitable, they have come to the conclusion that they simply
cannot operate without substantial and drastic changes.

Scott L. Drake, executive vice president of the Debtors, disclosed
the Debtors have failed to develop sufficient revenues from sales
and to operate as a going-concern without substantial and
continuing financial support.  At present, Southeast has annual
recurring revenues of approximately $.5 million with approximately
$8.5 million of annual operating costs, he added.

Despite heavy marketing and extensive efforts to obtain funding,
Mr. Drake said no party was willing to continue to fund capital
expenses and operating losses for "a business model that seemed
dubious to succeed."  

According to documents filed with the Court, the Debtors had
defaulted on their loan with Strome Mezzanine Finance, Fund IV, LP,
their senior pre-petition lender.  The Senior Pre-Petition Lender
agreed to forbear from taking remedial action against the Debtors
and provided additional advances.  As of the Petition Date, Debtors
have first priority secured indebtedness due and owing to Strome
Mezzanine in the approximate principal amount of approximately $51
million, all of which is secured by a first priority lien in
substantially all of the Debtors' assets.

Debtor AF-Southeast is 100% owned by its parent, Allied Fiber, LLC,
not a debtor in these bankruptcy proceedings.  Southeast is the
100% owner of Allied Fiber-Florida and Allied Fiber-Georgia.  The
Debtors are engaged in the business of designing, constructing and
operating an open access, physical layer, network-neutral
colocation and dark fiber network.  Their completed network
consists of eleven built and owned, network-neutral colocation
facilities in Florida and Georgia.  Allied Fiber terminated all of
its employees without notice or warning at the end of February,
2016, according to Court documents.

In order to achieve a going-concern sale, the Debtors have secured
commitments for up to $4.5 million debtor-in-possession loan from
Strome Mezzanine, subject to approval of the Bankruptcy Court.

Contemporaneously with the petitions, the Debtors filed various
"first day" motions seeking authority to, among other things,
prohibit utility providers from discontinuing services, pay
employee obligations, use existing cash management system, pay
prepetition taxes and fees, obtain post-petition financing and use
cash collateral.  A copy of the declaration in support of the First
Day Motions is available at no charge at http://is.gd/fFCVIF

The Debtors have retained Fox Rothschild LLP as attorneys and PMCM,
LLC to provide chief restructuring officer and certain additional
personnel.

The cases are pending before Judge Kevin Gross in the U.S.
Bankruptcy Court for the District of Delaware.

The Debtors estimated assets and liabilities in the range of $10
million to $50 million.


AF-SOUTHEAST LLC: Seeks Joint Administration of Chapter 11 Cases
----------------------------------------------------------------
AF-Southeast, LLC, Allied Fiber-Florida, LLC and Allied
Fiber-Georgia, LLC asked the Bankruptcy Court to jointly administer
their cases under the case of AF-Southeast, LLC, Case No.
16-11008.

Each of the Debtors are limited liability companies organized in
the State of Delaware.  AF-Southeast, LLC is 100% owned by
its parent, Allied Fiber, LLC, a non-debtor affiliate of the
Debtors.  AF-Southeast, LLC is the sole member and 100% owner of
Allied Fiber-Florida and Allied Fiber-Georgia.

The Debtors anticipate that numerous notices, applications,
motions, other pleadings and orders in these cases will affect many
or all of them.  Because these cases involve multiple Debtors with
numerous potential creditors, the Debtors maintained that the entry
of an order of joint administration will:

   (i) significantly reduce the volume of paper that otherwise
       would be filed with the Clerk of the Court and, therefore,
       reduce administrative expenses;

  (ii) simplify the Office of the United States Trustee's
       supervision of the administrative aspects of these Chapter
       11 cases;

(iii) render the completion of various administrative tasks less
       costly; and

  (iv) minimize the number of unnecessary delays associated with
       the administration of numerous separate Chapter 11 cases.

The Debtors said that because this is not a motion for the
substantive consolidation of their estates, the rights of parties-

in-interest will not be prejudiced by the proposed joint
administration as each creditor may still file its claim against a
particular estate.

                      About AF-Southeast LLC

AF-Southeast, LLC, Allied Fiber-Florida, LLC and Allied
Fiber-Georgia, LLC are engaged in the business of designing,
constructing and operating an open access, physical layer,
network-neutral colocation and dark fiber network.

Each of the Debtors filed a Chapter 11 bankruptcy petition (Bankr.
D. Del. Case Nos. 16-11008, 16-11009 and 16-11010, respectively) on
April 20, 2016.  The petitions were signed by Scott Drake as sole
member.

The Debtors estimated assets in the range of $10 million to $50
million and liabilities of up to $50 million.

FOX Rothschild LLP represents the Debtors as counsel.  PMCM, LLC is
the Debtors' chief restructuring officer provider.

Judge Kevin Gross is assigned to the cases.


ALTICE US: Moody's Assigns Ba3 Rating on $1.5BB Sr. Sec. Notes
--------------------------------------------------------------
Moody's Investors Service has assigned a Ba3 instrument-level
rating to Altice US Finance I Corporation's (subsidiary of Cequel
Communications Holdings I, LLC) $1.5 billion senior secured notes
issuance.  The proceeds from the issuance will be used to pay off
the outstanding balance of Cequel's existing $1.5 billion senior
secured credit facility set to mature in 2019.  The company's B3
Corporate Family Rating, B3-PD Probability of Default rating, Caa1
unsecured rating, SGL-2 Speculative Grade Liquidity rating, and
outlook remain unchanged.

Assignments:

Issuer: Altice US Finance I Corporation

  Senior Secured Regular Bond/Debenture, Assigned Ba3 (LGD2)

                         RATINGS RATIONALE

This issuance will bear interest at 5.375%, the same rate as the
existing senior secured notes.  In the current interest rate
environment, this transaction will effectively raise annual
interest expense by about $28 million.  However, the company is
replacing floating-rate with fixed-rate debt.  The transaction also
lengthens the debt maturity profile of Cequel, as the new notes
will mature in 2026, replacing the credit facility set to mature in
2019.

The B3 CFR reflects the company's very high leverage, its limited
free cash flow and the parent company's aggressive financial
policy.  Pro forma for the transaction and excluding any proposed
synergies, Cequel's total consolidated leverage is approximately 8x
debt to EBITDA (Moody's adjusted, and including seller notes),
which creates risk for a company in a capital intensive,
competitive industry.

Offsetting these limiting factors are Cequel's stable market
position with a strong base of network assets and limited
competition within its footprint other than telco DSL.
Notwithstanding the maturity of the core video product, the
relative stability of the subscription business provides steady
cash flow, and the high quality of Cequel's network positions it
well to achieve growth in its residential and commercial businesses
despite escalating competition.  The company's penetration lags
behind industry averages, but Moody's expects its high speed data
and phone growth to continue to exceed most peers and views the
planned infrastructure upgrade investment as a credit positive use
of cash that will help Cequel maintain and grow market share.

Moody's would consider an upgrade of Cequel's CFR if leverage were
to be sustained below 6.5x (Moody's adjusted) amidst stable or
improved market share and maintenance of good liquidity.  Moody's
could downgrade Cequel if leverage were to rise above 8x (Moody's
adjusted), there was deterioration of the liquidity profile or
material market share erosion.

The principal methodology used in this rating was Global Pay
Television - Cable and Direct-to-Home Satellite Operators published
in April 2013.

Headquartered in St. Louis, Missouri, and doing business as
Suddenlink Communications, Cequel Communications Holdings I, LLC
serves approximately 1.1 million video subscribers, 1.3 million
internet subscribers, and 625 thousand telephony subscribers.  The
company generated revenues of approximately $2.4 billion for the
year ended 2015.  On Dec. 21, 2015, Altice Luexmbourg S.A acquired
70% of Cequel.



ALTICE US: S&P Rates Proposed $1.5BB Secured Notes 'BB-'
--------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'BB-' issue-level
rating and '1' recovery to AlticeUS Finance I Corp.'s proposed $1.5
billion secured notes due 2026.  The notes will be guaranteed by
U.S. cable operator Cequel Communications Holdings II and Cequel
Communications LLC.  The '1' recovery rating on the notes reflects
S&P's expectation for very high (90%-100%) recovery in a simulated
default scenario.  The company will use the proceeds from these
notes to repay its existing $1.5 billion term loan B. The proposed
transaction will not significantly alter the company's credit
metrics or recovery prospects, therefore S&P's 'B' corporate credit
rating and stable outlook, as well as all issue-level ratings, on
Cequel Communications Holdings I LLC remain unchanged.

S&P's ratings reflect the company's high leverage in the mid-7x
area and S&P's expectation that leverage will remain elevated over
the next 12 months.  S&P believes the company has the ability to
reduce leverage fairly quickly, by over 0.5x annually through
organic growth and potential cost synergies, although material
leverage reduction will depend on Altice's financial policy over
the next few years.  Cequel's position as an incumbent cable
operator with good revenue visibility provided by subscription
based services, its lack of material broadband competition in its
markets, and the potential for modest margin improvement partially
offset these factors.

                         RECOVERY ANALYSIS

Key analytical factors

   -- S&P's simulated default scenario contemplates a default
      during 2019 primarily stemming from increased competition
      and heightened subscriber churn, in conjunction with
      elevated capital spending and a more aggressive financial
      policy.

   -- S&P assumes that Cequel would be able to reorganize
      following a payment default, and have valued the company at
      7x expected emergence-level EBITDA to determine debtholders'

      recovery prospects.  The 7x multiple compares favorably to
      peers such as Cablevision Systems Corp. due to limited fiber

      competition in markets that Cequel participates in.

   -- Other key assumptions at default include: LIBOR rises to 300

      basis points (bps); the revolver is 85% drawn; a 225 bp
      increase in the cost of borrowing under the revolver due to
      credit deterioration that would necessitate covenant
      amendments; and all debt includes six months of accrued
      interest.

Simulated default assumptions
   -- Simulated year of default: 2019
   -- EBITDA at emergence: $700 million
   -- EBITDA multiple: 7x

Simplified waterfall
   -- Net enterprise value (after 5% administrative costs):
      $4.655 billion
   -- Valuation split in % (obligors/nonobligors): 100/0
   -- Priority claims: $16 million
   -- Collateral value available to secured creditors:
      $4.639 billion
   -- Secured first-lien debt: $3.791 billion
      -- Recovery expectations: 90% to 100%
   -- Value available to unsecured creditors: $847 million
   -- Senior unsecured debt and pari passu claims: $3.141 billion
      -- Recovery expectations: 10% to 30% (upper half of the
      range)
   -- Subordinated claims: $332 million
      -- Recovery expectations: 0%-10%

RATINGS LIST

Cequel Communications Holdings I LLC
Corporate Credit Rating               B/Stable/--

New Rating

Altice US Finance I Corp.

$1.5 bil. notes due 2026
Senior Secured                        BB-
  Recovery Rating                      1



AMW MACHINE: Case Summary & 18 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: AMW Machine Control, Inc.
        6963 Cherrywood Lane
        Saranac, MI 48881

Case No.: 16-02157

Chapter 11 Petition Date: April 19, 2016

Court: United States Bankruptcy Court
       Western District of Michigan (Grand Rapids)

Judge: Hon. John T. Gregg

Debtor's Counsel: Todd A. Almassian, Esq.
                  KELLER & ALMASSIAN, PLC
                  230 East Fulton St.
                  Grand Rapids, MI 49503
                  Tel: (616) 364-2100
                  E-mail: ecf@kalawgr.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Mark A. Williams, president.

A list of the Debtor's 18 largest unsecured creditors is available
for free at http://bankrupt.com/misc/miwb16-02157.pdf


ATRIUM EXECUTIVE: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Atrium Executive Suites & Conference Center, LLC
        3000 Atrium Way, Suite 200
        Mount Laurel, NJ 08054

Case No.: 16-17547

Chapter 11 Petition Date: April 19, 2016

Court: United States Bankruptcy Court
       District of New Jersey (Camden)

Judge: Hon. Andrew B. Altenburg Jr.

Debtor's Counsel: Paul Stadler Pflumm, Esq.
                  LAW OFFICES OF JOSEPH A. MCCORMICK, JR. P.A.
                  76 Euclid Avenue, Suite 103
                  Haddonfield, NJ 08033-2387
                  Tel: 856-795-6500
                  Fax: 856-795-6578
                  E-mail: ppflumm@mccormicknjlaw.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Laura Hart, executive director.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/njb16-17547.pdf


AVT, INC: To Auction All Assets May 10; Opening Bid at $950K
------------------------------------------------------------
Vending machines manufacturer AVT Inc., on April 19, 2016, filed
with the U.S. Bankruptcy Court for the Central District of
California a motion to sell substantially all assets to the highest
bidder for at least $950,000.

The Debtor on March 17, 2016, won approval of bid procedures, which
set an auction May 10, 2016, at 2:00 p.m.  The opening bid has been
set by the Debtor at $950,000.

The Debtor and the Official Committee of Unsecured Creditors
jointly retained Clear Capital Advisors ("CCA") as the estate's
exclusive broker in order to market for sale, seek buyers, and
effectuate a sale of the Debtor and/or the Property.

CCA has aggressively marketed the Debtor and its assets for the
past five months with a strategic marketing campaign, which
involved CCA contacting 63 potential buyers.  Thirty potential
buyers responded to the marketing efforts, 18 signed non disclosure
agreements, 6 performed preliminary due diligence in connection
with a potential acquisition, and two signed letters of intent were
signed.

Unless the Debtor designates a stalking horse bidder, the sale will
proceed as an open auction.  Based on its efforts, CCA believes
there are more than 10 interested parties which may bid at the
auction.  The Debtor has dual tracked these efforts by also
attempting to find potential purchasers.

According to the Debtor, time is of the essence as the Debtor's
pre-petition lender and secured creditor, East West Bank, has
indicated its opposition to the Debtor's continued use of cash
collateral.  The Debtor also faces a May 3 deadline to assume or
reject its nonresidential real property leases.

East West Bank holds two liens against Debtor secured by a majority
of the Debtor's assets, with total outstanding indebtedness to EWB
in the approximate amount of $664,490.  The Debtor submits that the
senior lien is over secured and therefore, the Sale should be
approved free and clear of the Senior Lien pursuant to 11 U.S.C.
Section 363(f)(3).

                           About AVT

AVT -- http://www.autoretail.com/-- is a manufacturer of automated
retailing systems and custom vending machines.  AVT is a publicly
traded company and has been in business for more than 40 years.
AVT is headquartered in Corona, California.  It owns no real
property. Debtor's main sources of income are the design and
manufacture of custom vending kiosks, income from the sale of goods
through vending routes, and sale of technologies including
broadband for computerized kiosk.

AVT, Inc., sought Chapter 11 bankruptcy protection (Bankr. C.D.
Cal. Case No. 15-14464) on May 1, 2015, in Riverside, California.
Judge Mark S. Wallace presides over the case.  

The Debtor estimated $1 million to $10 million in assets and debt.

An Official Committee of Unsecured Creditors was appointed by the
United States Trustee on June 8, 2016.

The Debtor won approval to employ (i) Goe & Forsythe, LLP as
general bankruptcy counsel [Docket No. 604]; (ii) Pritchett Siler
Hardy P.C. as Debtor's independent auditors; (iii) One Blue
Mountain as outside accountants; and (iv) Clear Capital Advisors as
the estate's exclusive investment banker.  

The Committee won approval to retain and Levene, Neale, Bender, Yoo
& Brill LLP and Armory Consulting as financial advisor.

Counsel to the Debtor:

         Marc C. Forsythe, Esq.
         Charity J. Miller, Esq.
         GOE & FORSYTHE LLP
         18101 Von Karman Ave., Suite 1200
         Irvine, CA 92612
         Facsimile: (949) 798-2460
         E-mail: mforsythe@goeforlaw.com
                 cmiller@goeforlaw.com

Counsel for the Official Unsecured Creditors Committee:

         Gary E. Klausner, Esq.
         Eve H. Karasik, Esq.
         LEVENE, NEALE, BENDER, YOO & BRILL LLP
         10250 Constellation Avenue, Suite 1700
         Los Angeles, CA 90067
         Facsimile: (310) 229-1244
         E-mail: gek@lnbyb.com
                 ehk@lnbyb.com


BELDEN INC: Egan-Jones Cuts Sr. Unsecured Debt Rating to BB-
------------------------------------------------------------
Egan-Jones Ratings Company lowered the senior unsecured rating on
debt issued by Belden Inc. to BB- from BB on April 1, 2016.

Belden Incorporated is an American manufacturer of networking,
connectivity, and cable products.



CAPITOL LAKES: Creditors' Panel Amends Grant Thornton Hiring
------------------------------------------------------------
The Official Committee of Unsecured Creditors of Capitol Lakes,
Inc., files an amended application with the U.S. Bankruptcy Court
for the Western District of Wisconsin to retain Grant Thornton, LLP
as financial consultant to the Committee, nunc pro tunc to February
26, 2016.

As previously reported in the Troubled Company Reporter, the
Committee sought authorization to retain Grant Thornton as
financial consultant, nunc pro tunc to January 20, 2016.

The Committee requires Grant Thornton to:

   (a) analyze the plan of reorganization proposed by the Debtor
       or any other party, including analyzing the feasibility of
       any such plan;

   (b) review any financial projections and assumptions put forth
       by the Debtor or any other plan proponent; and

   (c) assist the Committee in any other financial matter as may
       be requested by the Committee.

Grant Thornton will be paid at these hourly rates:

       Paul Melville, Principal           $695
       Melissa Dimitri, Director          $525
       Ethan Sooy, Manager                $410
       Jonathan Marshburn, Associate      $250

Grant Thornton will bill the Committee at a $375 blended hourly
rate.

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

Paul Melville, principal of Grant Thornton LLP, assured the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtors and their estates.

Grant can be reached at:

     Paul Melville
     GRANT THORNTON LLP
     171 N. Clark Street, Suite 200
     Chicago, IL 60604
     Tel: (312) 602-8360
     E-mail: paul.melville@us.gt.com

                       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.


CAPITOL LAKES: Hires Alvarez & Marsal as Financial Advisor
----------------------------------------------------------
Capitol Lakes, Inc. seeks authorization from the Hon. Robert D.
Martin of the U.S. Bankruptcy Court for the Western District
Wisconsin to employ Alvarez & Marsal Healthcare Industry Group, LLC
as financial advisor and Alvarez & Marsal Valuation Services, LLC
as valuation expert, nunc pro tunc to the January 20, 2016 petition
date.

The Debtor requires Alvarez & Marsal to:

   (a) assist the Debtor in the preparation of financial-related
       disclosures required by the Court, including the Debtor's
       Schedules of Assets and Liabilities, Statements of
       Financial Affairs and Monthly Operating Reports;

   (b) assist with the identification and implementation of short-
       term cash management procedures;

   (c) assist with the identification of executory contracts and
       leases and performance of cost/benefit evaluations with
       respect to the assumption or rejection of each;

   (d) assist in the preparation of financial information for
       distribution to creditors and others, including, but not
       limited to, cash flow projections and budgets, cash
       receipts and disbursement analysis, analysis of various
       asset and liability accounts, and analysis of proposed
       transactions for which Court approval is sought;

   (e) attend at meetings and assistance in discussions with
       secured lenders, the Committee, the U.S. Trustee, other
       parties in interest and professionals hired by same, as
       requested;

   (f) provide analysis of creditor claims by type, entity, and
       individual claim, including assistance with development of
       databases, as necessary, to track such claims;  

   (g) assist in the preparation of information and analysis
       necessary for the confirmation of a plan of reorganization
       in this Chapter 11 case, including information contained in

       the disclosure statement;

   (h) assist in the evaluation and analysis of avoidance actions,

       including fraudulent conveyances and preferential
       transfers;

   (i) assist with matters related to the valuation of the Debtor,

       including preparation of a valuation report and, if
       necessary, testimony regarding the construction of the
       valuation;

   (j) provide litigation advisory services with respect to
       accounting and tax matters, along with expert witness
       testimony on case related issues as required by the
       Debtor; and

   (k) render other general business consulting or other
       assistance as the Debtor's management or counsel may deem
       necessary and consistent with the role of a financial
       advisor and/or valuation expert to the extent that it would

       not be duplicative of services provided by other
       professionals in this proceeding.

Alvarez & Marsal will be paid at these hourly rates:

       Managing Director         $675-$875
       Director                  $475-$675
       Associate                 $375-$475
       Analyst                   $275-$375

Alvarez & Marsal will also be reimbursed for reasonable
out-of-pocket expenses incurred.

George D. Pillari, managing director of Alvarez & Marsal, assured
the Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtors and their estates.

Alvarez & Marsal can be reached at:

       George D. Pillari
       ALVAREZ & MARSAL HEALTHCARE
       INDUSTRY GROUP, LLC
       425 Market St., 18th Floor
       San Francisco, CA 94105
       Tel: (415) 490-2300
       Fax: (415) 837-1684

                        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.


CHC GROUP: Moody's Lowers CFR to Ca, Outlook Stays Negative
-----------------------------------------------------------
Moody's Investors Service downgrades CHC Group Ltd.'s Corporate
Family Rating to Ca from Caa3 and its Probability of Default Rating
to Ca-PD from Caa3-PD.  Moody's also downgraded CHC Helicopter
S.A.'s senior secured notes to Ca from Caa3 and the senior
unsecured notes to C from Ca.  The Speculative Grade Liquidity
Rating remains SGL-4.  The rating outlook stays negative.

"The downgrade reflects CHC's election to not make its interest
payment on April 15, 2016," said Paresh Chari, Moody's Analyst. "We
expect CHC will likely file or restructure its debt in 2016."

Downgrades:

Issuer: CHC Group Ltd.
  Probability of Default Rating, Downgraded to Ca-PD from Caa3-PD
  Corporate Family Rating, Downgraded to Ca from Caa3

Issuer: CHC Helicopter S.A.
  Senior Secured Regular Bond/Debenture (Foreign Currency) Oct 15,

   2020, Downgraded to Ca(LGD3) from Caa3(LGD3)
  Senior Unsecured Regular Bond/Debenture (Foreign Currency)
   June 1, 2021, Downgraded to C(LGD5) from Ca(LGD5)

Outlook Actions:

Issuer: CHC Group Ltd.
  Outlook, Remains Negative

Issuer: CHC Helicopter S.A.
  Outlook, Remains Negative

Ratings Affirmed:
  Speculative Grade Liquidity Ratings, Affirmed at SGL-4

                         RATINGS RATIONALE

CHC's Ca CFR reflects Moody's expectation that the company will
file for creditor protection or restructure its debt in 2016.  The
company is in the process of evaluating strategic alternatives, and
as part of this process has exercised the 30-day grace period on
its 9.25% senior unsecured notes due Oct. 15, 2020.  If CHC is
unsuccessful in its restructuring efforts, Moody's believes the
company may file a voluntary petition for reorganization relief
under Chapter 11 of the Bankruptcy Code.  The company has also
fully drawn its revolver and will continue to have negative free
cash flow in FY2017, leading to leverage of about 7.5x and EBITDA
to interest under 2x.  Moody's expects that CHC will not have the
ability to meet its basic cash obligations in FY2017, absent an
amendment to its lessor covenants.

CHC's SGL-4 reflects weak liquidity through FY2017.  At Jan. 31,
2016, and pro forma the full revolver draw down, CHC had about $340
million in cash.  CHC has no availability under its $375 million
revolver due 2019 and has $34 million available under its $145
million ABL that can only be used to finance helicopters.  Moody's
expects negative free cash flow of about $300 million over the next
five quarters ending FY2017 plus $280 million in payments to
lessors if CHC cannot amend covenants.  Moody's expects CHC will
breach lessor covenants in early FY2017 (July 31, 2016). CHC's
assets are pledged under the revolver and secured notes.

In accordance with Moody's Loss Given Default (LGD) Methodology,
the notching of the secured notes at Ca, the same as the CFR,
reflects their predominance in the capital structure.  The senior
unsecured notes are rated C, one notch lower than the CFR,
reflecting the significant amount of priority ranking debt.

The negative outlook reflects CHC's election to not make an
interest payment, and its unsustainable capital structure and the
likely need to be restructured.

The ratings could be downgraded to D if the company fails to pay
its interest within the 30-day grace period.  If CHC files for
bankruptcy, then all of the ratings will be withdrawn shortly
thereafter.

The ratings could be upgraded if the company improves its liquidity
profile.

CHC, headquartered in Vancouver, British Columbia, is a significant
provider of helicopter services to the global offshore exploration
and production industry with operations in approximately 30
countries.

The principal methodology used in these ratings was Global Oilfield
Services Industry Rating Methodology published in December 2014.



CHC GROUP: S&P Lowers CCR to 'D' on Skipped Interest Payment
------------------------------------------------------------
Standard & Poor's Ratings Services said it lowered its long-term
corporate credit rating on helicopter flight and maintenance
services provider CHC Group Ltd. to 'D' (default) from 'CCC'.

At the same time, Standard & Poor's lowered its issue-level rating
on subsidiary CHC Helicopter S.A.'s super senior revolving credit
facility to 'D' from 'B-'.  The '1' recovery rating is unchanged
and indicates S&P's expectation of very high (90%-100%) recovery in
a default scenario.  Standard & Poor's also lowered its issue-level
rating on CHC Helicopter's senior secured notes to 'D' from 'CCC'.
The recovery rating on these notes is unchanged at '4', which
reflects S&P's expectation of average (30%-50%; lower half of the
range) recovery in default.  Finally, Standard & Poor's lowered its
issue-level rating on the subsidiary's unsecured debt to 'D' from
'CCC-'; the recovery rating on these notes is unchanged at '5',
indicating S&P's expectation of modest (10%-30%; lower half of the
range) recovery in a default scenario.

"The downgrade reflects CHC's decision to skip an interest payment
on its 9.25% senior secured notes due Oct. 15, 2020, and our belief
that the company will not make this payment before the 30-day grace
period ends," said Standard & Poor's credit analyst Madhav Hari.
"We anticipate that the company will likely restructure its debt
under bankruptcy protection or a similar scenario," Mr. Hari
added.

S&P notes that a failure to make the timely interest payment on the
2020 notes constitutes a default under certain other agreements of
the company and its subsidiaries, which could result in a
cross-default under other agreements.


CHC GROUP: Skips $46-Mil. Interest Payment Due April 15
-------------------------------------------------------
Stephanie Gleason, writing for Dow Jones' Daily Bankruptcy Review,
reported that Canada's CHC Group Ltd., which provides helicopter
services to offshore drillers, skipped a $46 million interest
payment last week as it looks to restructure its debt.

According to the report, the company announced on April 15 that it
would miss the payment, due that day, to senior bondholders and
enter a 30-day grace period during which it can make the payment or
face a default on the $1 billion outstanding on these bonds, which
mature in 2020.

The Company stated, "CHC Group (OTCQX: HELIF) and its subsidiary
CHC Helicopter S.A. decided not to make at this time an interest
payment of approximately $46 million due April 15 on its 9.25 %
senior secured notes maturing October 15, 2020 (the "2020 Notes").
Under the terms of the indenture governing the 2020 Notes, the
Company has a 30-day grace period after the interest payment due
date during which it may elect to make the interest payment and
cure any potential event of default for nonpayment. The Company
believes it is in the best interests of CHC and all of its
stakeholders to use the grace period to continue working with its
advisors to review all strategic alternatives for restructuring the
Company’s debt and improve CHC's long-term capital structure.

"As reported on March 3, 2016, at the end of the FY2016 third
quarter, CHC had total liquidity of approximately $377 million to
fund the Company's ongoing operations and meet its obligations to
suppliers and employees in the near term.  The Company intends to
continue to deliver safe, reliable, and effective operations to
customers in the normal course of business.  

"If CHC does not make the interest payment before the grace period
expires, either the trustee or the holders of at least 25% in
aggregate principal amount of the 2020 Notes could elect to
accelerate amounts due under the notes.  As of January 31, 2016,
$1,014,289,200 aggregate principal amount of 2020 Notes was
outstanding.

"The failure to make the timely interest payment on the 2020 Notes
constitutes a default under certain other agreements of the Company
and its subsidiaries, which could result in a cross-default under
other agreements.  If a resulting default or cross-default triggers
acceleration of payments owed thereunder, the amount of such
payments could be material.

"Seabury Advisors, PJT Partners and CDG Group are serving as
financial advisors to the Company and Weil, Gotshal & Manges LLP
and Debevoise & Plimpton LLP are serving as its legal advisors."

                     *     *     *

The Troubled Company Reporter, on April 6, 2016, reported that
Moody's Investors Service downgrades CHC Group Ltd.'s CFR to Caa3
from B2 and its PDR to Caa3-PD from B2-PD.  Moody's also downgraded
CHC Helicopter S.A.'s senior secured notes to Caa3 from B1 and the
senior unsecured notes to Ca from Caa1.  The Speculative Grade
Liquidity Rating was lowered to SGL-4 from SGL-3.  The rating
outlook is negative.  This action resolves the review for downgrade
that was initiated on Jan. 21, 2016.

"The downgrade reflect CHC's very weak liquidity given its
commitments and need to restructure its debt," said Paresh Chari,
Moody's Analyst.  "Pricing pressure and activity levels have
severely impacted CHC's cash flow resulting in weak leverage
metrics which will lead to a breach of covenants in early fiscal
year 2017."


CITYCENTER HOLDINGS: S&P Revises Outlook to Pos. & Affirms B+ CCR
-----------------------------------------------------------------
Standard & Poor's Ratings Services said it revised its rating
outlook on Las Vegas-based CityCenter Holdings LLC to positive from
stable and affirmed the 'B+' corporate credit rating.

At the same time, S&P raised its issue-level ratings on
CityCenter's first-lien secured debt to 'BB' from 'BB-' and revised
S&P's recovery on this debt to '1' from '2'.  The '1' recovery
rating indicates S&P's expectation for very high (90% to 100%)
recovery for lenders in the event of a payment default.  S&P
revised the recovery rating to reflect a lower estimated amount of
secured debt outstanding at default than S&P had assumed in its
previous analysis following the company's $266 million term loan B
prepayment, notwithstanding a modestly lower emergence valuation
due to the sale of Crystals.  S&P's previous recovery analysis
ascribed a modest distressed default scenario valuation to Crystals
because S&P's analysis assumes reorganization as a going concern
and because of the asset's small cash flow base.

"The revision of our outlook to positive reflects our view that
CityCenter will continue to experience good operating trends at its
resort and that good operating performance coupled with the recent
$266 million debt repayment will support leverage around 4x in
2016, compared to our previous forecast that leverage would be in
the mid-4x area in 2016," said Standard & Poor's credit analyst
Melissa Long.

Additionally, S&P expects CityCenter's funds from operations (FFO)
to debt will be around 20%, free operating cash flow (FOCF) to debt
will exceed 10% and EBITDA interest coverage will exceed 5x. S&P
believes sustained improvement in credit measures to these levels
could position CityCenter to achieve an improved financial risk
assessment to significant from the current aggressive and a
one-notch higher rating.  Prior to raising the rating, S&P would
need to be confident that CityCenter would size any future
potential returns to owners in a manner that would not cause
leverage to increase above 4x.

The positive rating outlook reflects S&P's view that sustained
improvement in credit measures because of good operating
performance and recent debt repayment could position the company
for an improved financial risk assessment and a one-notch higher
rating.



CONGREGATION ACHPRETVIA: Court OKs Landauer Valuation as Appraiser
------------------------------------------------------------------
Congregation Achpretvia Tal Chaim Sharhayu Shor, Inc. sought and
obtained permission from the Hon. Michael E. Wiles of the U.S.
Bankruptcy Court for the Southern District of New York to employ
Landauer Valuation & Advisory, a division of Newmark, Grubb, Knight
Frank as appraiser.

The Debtor requires Landauer Valuationto appraise the Debtor's
property located at 163 East 69th Street, New York, New York to
assist the Debtors in the litigation of an adversary proceeding
seeking specific performance of a contract of sale that the Debtor
believes can be voided under applicable law. In addition, the
appraisal will assist the Debtor in establishing the current fair
market value of the Property in connection with the Debtor's
efforts to reorganize its financial affairs.

The Debtor intend to compensate Landauer Valuation at the rate of
$9,500 for the appraisal, for which $4,750 will be paid as a
retainer.  The Debtor will compensate Landauer an additional
$4,750.00 upon delivery of the completed appraisal to the Debtor.

Landauer Valuation will be paid at these hourly rates for telephone
conferences, pre-trial preparation, deposition and/or testimony,
rebuttal reports or any other additional services beyond the
preparation of teh appraisal report:

       Robert Von Ancken         $800
       Associates                $500

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

Robert Von Ancken, executive managing director of Landauer
Valuation, assured the Court that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code and does not represent any interest adverse to the Debtors and
their estates.

Landauer Valuation can be reached at:

       Robert Von Ancken
       LANDAUER VALUATION & ADVISORY GROUP
       125 Park Avenue
       New York, NY 10017
       Tel: (212) 359-8508
       E-mail: bvonancken@ngkf.com

                About Congregation Achpretvia

Congregation Achpretvia Tal Chaim Sharhayu Shor, Inc., in Brooklyn,
New York, filed for Chapter 11 bankruptcy protection (Bankr.
S.D.N.Y. Case No. 16-10092) on Jan. 15, 2016.  Judge Michael E.
Wiles presides over the case.  Arnold Mitchell Greene, Esq., at
Robinson Brog Leinwand Greene Genovese & Gluck P.C., serves as the
Debtor's counsel.  In its petition, the Congregation listed total
assets of $18 million and total liabilities of $472,502.  The
petition was signed by Harold Friedlander, vice president.


CORUS ENTERTAINMENT: S&P Cuts CCR to BB, Off CreditWatch Negative
-----------------------------------------------------------------
Standard & Poor's Ratings Services said it lowered its long-term
corporate credit rating on Corus Entertainment Inc. to 'BB' from
'BB+'.  At the same time, S&P removed all ratings that were on
CreditWatch, where they had been placed with negative implications
Jan. 13, 2016.  The outlook is stable.

Standard & Poor's also lowered its issue-level ratings on the
company's secured term loan to 'BB+' from 'BBB-'.

The lower issue-level rating reflects the increase in size of the
secured loan and, as a result, S&P revised its recovery rating on
the debt to '2' from '1'.  A '2' recovery rating represents S&P's
expectation of substantial (70%-90%; upper half of the range)
recovery in the event of a default.  This rating was not on
CreditWatch.

In addition, S&P withdrew its 'BB+' issue-level rating and '3'
recovery rating on the company's C$550 million unsecured notes,
based on the full redemption of the notes on April 18, 2016.

"The downgrade reflects our expectations that pro forma cash flow
and leverage measures for the newly merged entity are likely to be
in the aggressive category for the remainder of 2016 and into 2017
and consistent with a 'BB' rating," said Standard & Poor's credit
analyst Stephen Goltz.

"We believe the combination with Shaw Media creates a stronger
company with improved scale, market position, and pricing power.
The acquisition more than doubles Corus' revenue and EBITDA, and
the company's portfolio will include 45 specialty channels, 15
conventional channels, and 39 radio stations.  Management believes
the deal advances its strategic priorities to own and control more
content, engage audiences, and expand into new and adjacent
markets.  The combined entity will have approximately 35% market
share of English-language television viewership and 95% reach in
English Canada, which could provide Corus with greater influence
with advertisers, broadcasting distribution undertakings, and
content suppliers.  Given new competition from global over-the-top
players, softer advertising demand, and impact from channel
unbundling, we believe consolidation is very important for Corus to
maintain its leading market position in women and kids segments and
address long-term industry risks related to structural and
regulatory headwinds," S&P said.

The stable outlook on Corus reflects Standard & Poor's expectation
that the company will maintain adjusted debt-to-EBITDA in the
mid-to-low 4x area and FFO-to-debt of about 14% as acquisition
synergies accrete to earnings in 2016 and 2017, contributing to
meaningful debt reduction from free cash flows.  Furthermore, S&P
believes management's strategy of combating weak market conditions
and changing consumer preferences for consuming media is integral
in preserving its business risk profile.

S&P could lower the ratings if Corus' adjusted debt-to-EBITDA
approaches 5x or FFO-to-debt is below 12% with no clear path of
deleveraging.  S&P believes such a scenario could be precipitated
by weak industry trends stemming from subscriber erosion and
audience fragmentation, combined with lower pricing power and
advertising revenues.

Given S&P's expectation of a weaker operating environment, it is
unlikely to raise the ratings within the next year.  However, S&P
could raise the ratings if Corus improves its operating and
financial performance despite secular industry pressures, enabling
it to sustain adjusted debt-to-EBITDA below 3.5x and FFO to debt
above the midpoint of the significant range.



COSTAS KONDYLIS: Has $2.5-Million Offer for Southampton Property
----------------------------------------------------------------
Costas Kondylis on April 19, 2016, asked the U.S. Bankruptcy Court
for the Southern District of New York to approve a sale process for
its property at 416 N. Main Street, Southampton, New York, where
Randall Funding, LLC, will open the auction with an offer of
$2,500,000.

The Debtor's property is approximately 6,000 square feet, is
improved by a house known by the address 416 N. Main Street,
Southampton, New York, and is located in a desirable area in
Southampton, approximately 2 miles from the Atlantic Ocean and
close to town in Southampton.  In its schedules, the Debtor listed
the Property as having a fair market value of $3,700,000.

As of the Petition Date, and at present, there are liens on the
Property as follows:

   (a) a first mortgage recorded against the Property, held by M&T
Bank (the "First Mortgage").  M&T Bank filed a proof of claim based
on the First Mortgage asserting a secured claim against the
Property in the amount of $981,674;

   (b) a second mortgage recorded against the Property, held by M&T
Bank (the "Second Mortgage").  According to the Debtor's Schedules,
as of the Petition Date, the debt on the Second Mortgage is
unliquidated and the outstanding balance on the Second Mortgage was
$738,792;

   (c) a judgment lien presently held by Randall, obtained by
assignment from NY Commercial Bank. Prior to the Petition Date, NY
Commercial Bank obtained a judgment against the Debtor in the
amount of $1,480,998 (the "Judgment") based on Debtor's personal
guarantee of a business debt.  The Judgment was assigned to Randall
in October 2015. Randall filed a proof of claim (the "Randall
Claim") based on the Judgment, asserting a secured claim in the
amount of $1,738,448; and

   (d) a New York State tax warrant in the amount of $94,672 as of
the Petition Date, relating to income tax owed by the Debtor.  The
NYS Department of Taxation and Finance filed a proof of claim
against the Debtor (Claim No. 1-1).

On March 25, 2016, the Court entered an order approving the
Debtor's retention of Douglas Elliman as Debtor's real estate
broker.  Since the Petition Date, Douglas Elliman has been actively
marketing the Property.  Recently, the price was lowered to
approximately $3,000,000.

In order to stop the continued accrual of interest on the senior
debt and to move toward a resolution of the Debtor's chapter 11
case, Randall agreed to make an offer to purchase the Property by
credit bidding a portion of its judgment lien and paying $50,000 in
cash to cover a portion of the administrative expenses of the
chapter 11 case.  To document this proposal, the Letter of Intent
was delivered by Randall to the Debtor on or about March 29, 2016
for a purchase price of $2,500,00 to be paid as follows: $50,000
cash payable at the Closing and the balance of the purchase price
by taking the Property subject to the existing First Mortgage,
Second Mortgage, and NYS Tax Lien, provided that the aggregate of
the said liens will not exceed $2,000,000, and with Randall making
a minimum credit bid of $450,000 and having the right to credit bid
up to the amount of the Judgment.

The Debtor proposes to conduct the auction of the Property, on June
1, 2016 at 10:00 a.m., at the United States Bankruptcy Court for
the Southern District of New York, One Bowling Green, New York, New
York 10004 in courtroom 701 of the Honorable Sean H.
Lane with a Sale Hearing to take place at said Court at
approximately 11:00 a.m. subsequent to the completion of the
Auction.  The minimum applicable overbid will be $2,625,000.

A hearing on the proposed sale procedures is scheduled for April
27, 2016, at 10:00 a.m.

                       About Costas Kondylis

Costas Kondylis sought Chapter 11 bankruptcy protection (Bankr.
S.D.N.Y. Case No. 15-11831) on July 13, 2015.  Kondylis is an
individual debtor who is continuing in the operation of his
business and management of his property as debtor in possession.

The Debtor's assets primarily consist of his fee ownership of the
property known by the address 416 N. Main Street, Southampton, New
York 11968.

The Debtor filed this Chapter 11 case in order to avoid a sheriff's
sale of the Property. Prior to the Petition Date, New York
Commercial Bank had obtained a large judgment against the Debtor
based upon the Debtor's guarantee of certain business debt. The
judgment was recorded in Suffolk County thereby becoming a judicial
lien on the Property.  The judicial lien was junior to a
traditional first mortgage held by M&T Bank, a home equity loan
held by M&T Bank, and a tax warrant filed by New York State.


CTI BIOPHARMA: Approves 2015 Employee Bonuses and Stock Awards
--------------------------------------------------------------
CTI BioPharma Corp. disclosed in a regulatory filing with the
Securities and Exchange Commission that on April 15, 2016, it
approved the following:

  (a) A portion of the 2015 bonuses for Company employees who are
      not executive officers of the Company will be paid in the
      form of Company common stock awarded under the Company's
      2015 Equity Incentive Plan.  Those stock awards cover, in
      the aggregate, approximately 1,076,182 shares of the
      Company's common stock.

  (b) The Company granted restricted stock awards to certain of
      its employees who are not executive officers of the Company.
      The restricted stock awards were granted under the Plan and
      cover, in the aggregate, 1,725,000 shares of the Company's
      common stock.  The restricted stock awards are scheduled to
      vest, subject to the award recipient's continued employment,

      in four equal semi-annual installments, with an installment
      scheduled to vest on the dates that are six, twelve,
      eighteen and twenty-four months following the grant date.

As of Jan. 15, 2016, 6,099,232 shares of Company common stock were
available within the share limits of the Plan for new award grants
under the Plan.  As of April 15, 2016, and before giving effect to
the new award grants on that date, 6,662,996 shares of Company
common stock were available for new award grants under the Plan,
with the increase in share availability relative to the shares
available for new award grants under the Plan as of January 15,
2016 attributable to the expiration or termination of unexercised
stock options and the cancellation of unvested restricted stock
awards.  After giving effect to the new award grants described
above on April 15, 2016, approximately 3,861,814 shares of Company
common stock remained available within the share limits of the Plan
for new award grants under the Plan as of that date.

                     About CTI BioPharma

CTI BioPharma Corp. (NASDAQ and MTA: CTIC) --
http://www.ctibiopharma.com/-- formerly known as Cell
Therapeutics, Inc., is a biopharmaceutical company focused on
the acquisition, development and commercialization of novel
targeted therapies covering a spectrum of blood-related cancers
that offer a unique benefit to patients and healthcare providers.
The Company has a commercial presence in Europe and a late-stage
development pipeline, including pacritinib, CTI's lead product
candidate that is currently being studied in a Phase 3 program for
the treatment of patients with myelofibrosis.  CTI BioPharma is
headquartered in Seattle, Washington, with offices in London and
Milan under the name CTI Life Sciences Limited.

CTI Biopharma reported a net loss attributable to common
shareholders of $122.62 million on $16.11 million of total revenues
for the year ended Dec. 31, 2015, compared to a net loss
attributable to common shareholders of $95.99 million on $60.07
million of total revenues for the year ended Dec. 31, 2014.

As of Dec. 31, 2015, the Company had $144.33 million in total
assets, $96.91 million in total liabilities and $47.41 million in
total shareholders' equity.

The Company's independent registered public accounting firm
included an explanatory paragraph in its reports on its
consolidated financial statements for each of the years ended
Dec. 31, 2007, through Dec. 31, 2011, and for the year ended
Dec. 31, 2014, regarding their substantial doubt as to the
Company's ability to continue as a going concern.  The Company said
that although its independent registered public accounting firm
removed this going concern explanatory paragraph in its report on
our Dec. 31, 2015, consolidated financial statements, the Company
expects to continue to need to raise additional financing to fund
its operations and satisfy obligations as they become due.
According to the Company, the inclusion of a going concern
explanatory paragraph in future years may negatively impact the
trading price of its common stock and make it more difficult, time
consuming or expensive to obtain necessary financing, and the
Company cannot guarantee that it will not receive such an
explanatory paragraph in the future.


D.J. SIMMONS: Court Approves LS Jones as Accountants
----------------------------------------------------
D.J. Simmons Company Limited Partnership, Kimbeto Resources,
LLC, and D.J. Simmons, Inc. sought and obtained permission from the
U.S. Bankruptcy Court for the District of Colorado to employ L.S.
Jones, P.C. as accountants.

The Debtors require L.S. Jones to provide tax and accounting
consultation, including the preparation and filing of federal and
state income tax returns and other requisite documents on behalf of
the Debtors.

Laura S. Jones will be the accountant primarily working on this
engagement, and her hourly rate is $300 per hour plus out-of pocket
expenses.

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

L.S. Jones can be reached at:

       Laura S. Jones
       L.S. Jones, P.C.
       1622 Rogers Road, Ste. A
       Fort Worth, TX 76107
       Tel: (817) 698-0505

                   About D.J. Simmons Company

Farmington, New Mexico-based D.J. Simmons Inc. --
http://www.djsimmons.com/-- is an independent oil and gas
exploration and production company.  D.J. Simmons Company Limited
Partnership, Kimbeto Resources, LLC and D.J. Simmons, Inc. filed
separate Chapter 11 petitions (Bankr. D. Colo. Case Nos. 16-11763,
16-11765 and 16-11767) on March 1, 2016.  The cases are jointly
administered under Lead Case No. 16-11763.

The petitions were signed by John Byrom, president of D.J.
Simmons, Inc.  D.J. Simmons Company disclosed $9.94 million in
total assets and $12.85 million in total liabilities.  Kimbeto
Resources disclosed $976,190 in total assets and $9.81 million in
total liabilities.  Ethan Birnberg, Esq., at Lindquist & Vennum
LLP, serves as the Debtors' counsel.


DARIUS ENTERPRISES: Selling 9621 Canoga Property for $875,000
-------------------------------------------------------------
Darius Enterprises, LLC, on April 19, 2016, filed a motion asking
the U.S. Bankruptcy Court for the Central District of California
for authority to sell real property located at 9621 Canoga Avenue,
Chatsworth, California, to Wilber Cifuentes and Maria Arely
Cifuentes for $875,000, subject to higher and better offers.

The Debtor said that the $875,000 is currently the best offer for
the property after several months of exposure in the market.  The
sale to Cifuentes will be on an "as-is", "where-is" basis.  Closing
will be 15 days after the Court's sale order becomes final.  As
commission, the Debtor's and purchaser's brokers will share 5% of
the purchase price of $43,750.

The sale is subject to Court approval and overbid.  On April 12,
2016, the Court approved the proposed bidding procedures.  The bid
procedures required that any party wishing to submit an overbid bid
for the Property had to submit a written bid of at least $900,000
and a deposit by no later than May 6, 2016.

The sale will be clear of all pledges, liens, security interests,
claims, encumbrances, charges, options and interests thereon and
there against, in accordance with 11 U.S.C. Sec. 363(f), with such
encumbrances to attach to the net proceeds of the sale.  The
overbid auction and sale hearing is slated for May 10, 2016 at 2:30
p.m.

The property had been marketed for sale prepetition.  The Debtor
retained Told Partners, Inc., as real estate broker.

Told Partners' Craig Weisman says that he has received another
qualified bid for the Property but the bid has not yet been
memorialized in accordance with the Bid Procedures.  Mr. Weisman
believes that the Debtor may receive additional competitive
overbids prior to the auction.

Pursuant to a stipulation with secured creditor CFS-4 III LLC, the
sale for 9621 Canoga must close by May 24, 2016.

The Debtor's attorneys:

         Lesley B. Davis, Esq.
         R. Grace Rodriguez, Esq.
         THE LAW OFFICES OF R. GRACE RODRIGUEZ
         21000 Devonshire Street, Suite 111
         Chatsworth, CA 91311
         Tel: (818) 734-7223
         Fax: (818) 338-5821
         E-mail: ecf@LORGR.com

                     About Darius Enterprises

Darius Enterprises, LLC, is a single member limited liability
company created by Masih Madani, who also serves as the managing
member.  Darius was formed for the ownership of two commercial
condominiums located at 9621 and 9623 Canoga Avenue, Chatsworth,
California.  Darius occupies the upper portion of 9621 and the
entirety of 9623.   The property is encumbered by a Note and Deed
of Trust in favor of CFS-4 III LLC ("CFS") which was seeking to
foreclose when Darius sought bankruptcy protection.

Darius Enterprises sought Chapter 11 protection (Bankr. C.D. Cal.
Case No. 10-20351) on Aug. 20, 2010, estimating less than $1
million in assets and $1 million to $10 million in debt.


DAVID SEMAS: Ritchie to Auction Equipment; Bids Start at $200K
--------------------------------------------------------------
Revested debtors David M. Semas and Susan O. Semas on April 19,
2016, filed with the U.S. Bankruptcy Court for the District of
Nevada a motion to consign various equipment to Ritchie Bros.
Auctioneers for sale at public auction for a minimum total amount
of $200,000.

Pursuant to their Confirmed Plan, the Debtors requested an estimate
of value from Ritchie Bros. of the approximate amount the Debtors'
estate would receive from the public auction of 40 items of
equipment, which include a 2007 model John Deere Tractor, a 2006
Villager Golf Cart, a 2006 PBM 525 G/L Water Buffalo, and a 2005
New Holland Telehandler Forklift.  Ritchie Bros. estimates the
gross proceeds from public auction sales to be between $205,000 and
$300,000.

Ritchie Bros. has quoted the Debtors an auction commission of 15%
of gross sale proceeds, and will deduct transportation costs and
repair costs from the gross proceeds.  The estimate of
transportation costs and repair costs is between $10,000 and
$20,000.

Steve Hardy made an offer to purchase the subject equipment plus
generator and furnishings and fixtures for $170,962, which offer
was rejected by the Debtors.

The Debtors request that in the event Ritchie Bros. is unable to
remove all of the Equipment from the Buffalo Creek Ranch by April
30, 2016, the Court instruct Steve Hardy, Trustee of the Hardy
Community Property Trust, owner of the Buffalo Creek Ranch, to
allow Ritchie Bros. access to the Buffalo Creek Ranch after April
30, 2016, for a period not to exceed 15 days, in order to allow
Ritchie Bros. to take possession of the Equipment.

                    About David and Susan Semas

On Dec. 11, 2013, individual debtors David M. Semas and Susan O.
Semas filed a voluntary petition for relief under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. D. Nev. Case No. 13-52337).

On April 6, 2015, the Court entered an order confirming the
Debtors' Second Amended Plan of Reorganization, as amended.  The
assets of the bankrupt estate have revested in the Debtors upon
Plan Confirmation.


DETROIT, MI: Bankr. Court Orders 2 Prepetition Suits Dismissed
--------------------------------------------------------------
Judge Thomas J. Tucker of the U.S. Bankruptcy Court for the Eastern
District of Michigan, Southern Division, issued an amended opinion
ruling on three motions filed by the City of Detroit, seeking
enforcement of the City's confirmed Chapter 9 plan, entitled the
Eighth Amended Plan for the Adjustment of Debts, which was
confirmed on November 12, 2014.

The only unresolved question in each motion is whether certain
claims arose, for bankruptcy purposes, before the City filed for
protection under Chapter 9 of the Bankruptcy Code on July 18, 2013.
The question, according to Judge Tucker, is important because the
City's liability on pre-petition claims was discharged when the
Plan was confirmed on November 12, 2014, and became effective on
December 10, 2014.  The Claimants holding pre-petition claims are
enjoined from pursuing a recovery beyond what is provided for in
the Plan.  The Claimants holding postpetition claims, however, may
be entitled to pursue other remedies, as the claimants involved in
each of these motions are attempting to do.

The Court ordered Haas & Goldstein, P.C., will be ordered to
dismiss, or cause to be dismissed, the currently pending state
court lawsuit in which Haas represents Summit regarding care Summit
provided to Ms. Sheila
Williams (Summit Med. Grp. (Sheila Williams) v. City of Detroit,
Wayne County Circuit Court No. 14-010025-NF).  The dismissal of the
Summit case will be deemed to be without prejudice to Summit's
right to be paid in accordance with Article IV, Section 5 of the
Plan, to the extent Summit has not already been paid.  In no event
are Haas and Summit permitted to pursue any action to recover
attorney fees or interest for any delay in the City's payments,
Judge Tucker held.

The Court also ordered Ms. Hughes to dismiss, or cause to be
dismissed, her currently pending state court action concerning her
dismissal from the Detroit Police Department (Hughes v. City of
Detroit, Wayne County Circuit Court No. 15-002536-CD) and will be
enjoined from pursuing her claim in any other forum.  The
injunction and dismissal are without prejudice to Ms. Hughes's
right to file a proof of claim in the City's bankruptcy case.  For
the sake of clarity, the City retains its right to object to Ms.
Hughes's proof of claim on any grounds, including untimeliness, the
Court held.

Finally, the Court concluded that the claim addressed in the Cedric
Cook Motion constitutes a postpetition claim.

A full-text copy of Judge Tucker's Amended Opinion dated April 19,
2016, is available at http://bankrupt.com/misc/DETROITop0419.pdf

                About the City of Detroit

The City of Detroit, Michigan, weighed down by more than $18
billion in accrued obligations, sought municipal bankruptcy
protection on July 18, 2013, by filing a voluntary Chapter 9
petition (Bankr. E.D. Mich. Case No. 13-53846).  Detroit estimated
more than $1 billion in both assets and debts.

Kevyn Orr, who was appointed in March 2013 as Detroit's emergency
manager, signed the petition.  Detroit is represented by lawyers
at Jones Day and Miller Canfield Paddock and Stone PLC.

Michigan Governor Rick Snyder authorized the bankruptcy filing.

The filing makes Detroit the largest American city to seek
bankruptcy, in terms of population and the size of the debts and
liabilities involved.

The City's $18 billion in debt includes $5.85 billion in special
revenue obligations, $6.4 billion in post-employment benefits,
$3.5 billion for underfunded pensions, $1.13 billion on secured
and unsecured general obligations, and $1.43 billion on pension-
related debt, according to a court filing.  Debt service consumes
42.5 percent of revenue.  The city has 100,000 creditors and
20,000 retirees.

Detroit is represented by David G. Heiman, Esq., and Heather
Lennox, Esq., at Jones Day, in Cleveland, Ohio; Bruce Bennett,
Esq., at Jones Day, in Los Angeles, California; and Jonathan S.
Green, Esq., and Stephen S. LaPlante, Esq., at Miller Canfield
Paddock and Stone PLC, in Detroit, Michigan.

Sharon Levine, Esq., at Lowenstein Sandler LLP, is representing
the American Federation of State, County and Municipal Employees
and the International Union.

Babette Ceccotti, Esq., at Cohen, Weiss & Simon LLP, is
representing the United Automobile, Aerospace and Agricultural
Implement Workers of America.

A nine-member official committee of retired workers appointed in
the case is represented by Dentons US LLP.  Lazard Freres & Co.
LLC serves as the Retiree Committee's financial advisor.

Detroit filed a notice that the effective date of its
bankruptcy-exit plan occurred on Dec. 10, 2014.  Judge Steven
Rhodes on Nov. 12, 2014, entered an order confirming the Eighth
Amended Plan for the Adjustment of Debts of the City of Detroit.

Thomas Tucker, a federal bankruptcy judge since 2003, took over
Detroit's landmark bankruptcy case following the retirement of
Judge Rhodes.


DOLLAR TREE: Egan-Jones Cuts Sr. Unsecured Rating to BB+
--------------------------------------------------------
Egan-Jones Ratings Company lowered the senior unsecured rating of
debt issued by Dollar Tree Inc. to BB+ from BBB on April 1, 2016.

Dollar Tree, Inc. is an American chain of discount variety stores
that sells items for $1 or less.



ELBIT IMAGING: Insightec Signs LOI with MRI Scanner Manufacturer
----------------------------------------------------------------
Elbit Imaging Ltd. announced that it was informed by InSightec Ltd.
that InSightec has signed a Non-binding Letter of Intent (LOI) with
an international manufacturer of MRI scanners to develop
compatibility between InSightec's MRI guided Focused Ultrasound
Systems (MRgFUS) and this manufacturer's MRI scanners with the
intention to expand the MRgFUS market globally.

The completion of the transaction outlined in the aforementioned
LOI is subject to signing and implementation of a definitive
agreement between the Parties that include R&D and regulatory
approvals.  The timelines of successful implementation are
unclear.

The Company holds approximately 89.9% of the share capital of Elbit
Medical Technologies Ltd. (TASE: EMTC-M) (86.2% on a fully diluted
basis) which, in turn, holds approximately 31.3% of the share
capital in InSightec (26.6% on a fully diluted basis).

                      About Elbit Imaging

Tel-Aviv, Israel-based Elbit Imaging Ltd. (TASE, NASDAQ: EMITF)
holds investments in real estate and medical companies.  The
Company, through its subsidiaries, also develops shopping and
entertainment centers in Central Europe and invests in and manages
hotels.

Since February 2013, Elbit has intensively endeavored to come to
an arrangement with its creditors.  Elbit has said it has been
hanging by a thread for more than five months.  It has encountered
cash flow difficulties and this burdens its day to day activities,
and it certainly cannot make the necessary investments to improve
its assets.  In light of the arrangement proceedings, and
according to the demands of most of the bondholders, as well as an
agreement that was signed on March 19, 2013, between Elbit and the
Trustees of six out of eight series of bonds, Elbit is prohibited,
inter alia, from paying off its debts to the financial creditors
-- and as a result a petition to liquidate Elbit was filed, and
Bank Hapoalim has declared its debts immediately payable,
threatening to realize pledges that were given to the Bank on
material assets of the Company -- and Elbit undertook not to sell
material assets of the Company and not to perform any transaction
that is not during its ordinary course of business without giving
an advance notice to the trustees.

Accountant Rony Elroy has been appointed as expert for examining
the debt arrangement in the Company.

In July 2013, Elbit Imaging's controlling shareholders, Europe-
Israel MMS Ltd. and Mr. Mordechay Zisser, notified the Company
that the Tel Aviv District Court has appointed Adv. Giroa Erdinast
as a receiver with regards to the ordinary shares of the Company
held by Europe Israel securing Europe Israel's obligations under
its loan agreement with Bank Hapoalim B.M.  The judgment stated
that the Receiver is not authorized to sell the Company's shares
at this stage.  Following a request of Europe-Israel, the Court
also delayed any action to be taken with regards to the sale of
those shares for a period of 60 days.  Europe Israel and
Mr. Zisser have also notified the Company that they utterly reject
the Bank's claims and intend to appeal the Court's ruling.


EMERALD OIL: Unsecured Creditors Blast Financing Terms
------------------------------------------------------
Jacqueline Palank, writing for Dow Jones' Daily Bankruptcy Review,
reported that unsecured creditors are urging a judge to block
Emerald Oil Inc.'s lenders from taking "full advantage of their
position of power" to run the oil and gas explorer's chapter 11
case for their benefit.

According to the report, the official committee representing
Emerald's unsecured creditors on April 19 filed papers asking the
U.S. Bankruptcy Court in Wilmington, Del., to reject a $130 million
financing package or to order significant modifications to what the
creditors call the "potentially crippling" loan terms.

                         About Emerald Oil

Emerald is a Denver-based independent exploration and production
company that is focused on acquiring acreage and developing wells
in the Williston Basin of North Dakota.

Emerald Oil, Inc., Emerald DB, LLC, Emerald NWB, LLC, Emerald WB
LLC and EOX Marketing, LLC filed separate Chapter 11 bankruptcy
petitions (Bankr. D. Del. Case Nos. 16-10704 to 16-10708) on March
22, 2016.  Ryan Smith signed the petitions as chief financial
officer.

The Debtors have hired Kirkland & Ellis LLP and Kirkland & Ellis
International LLP as general bankruptcy counsel, Pachulski Stang
Ziehl & Jones LLP as local counsel, Intrepid Financial Partners,
LLC as investment banker, Opportune LLP as restructuring advisor
and Donlin Recano & Company, Inc., as claims and noticing agent.

Judge Kevin Gross has been assigned the cases.


EMRISE CORP: Makes 2nd Liquidation Distribution to Stockholders
---------------------------------------------------------------
EMRISE CORPORATION (formerly traded on OTCQB under the symbol EMRI)
(EMRISE or the Company), on
April 19 disclosed that it has instructed its paying agent, VStock
Transfer, LLC (Paying Agent), to begin the process of sending the
previously announced second liquidation distribution of $0.36 per
share (the Distribution) to its stockholders of record as of the
close of business on July 7, 2015.  

The Distribution is being made in connection with the Company's
previously announced voluntary Plan of Dissolution (the Plan) that
was approved by its stockholders at a special meeting held on
June 25, 2015.  When paid, the Distribution will bring the total
amount of liquidation distributions paid to stockholders under the
Plan, to $1.11 per share.

The Distribution follows the previously announced closing on
February 18, 2016, of the Company's sale of its remaining business
unit, CXR Anderson Jacobson S.A.S. (CXR-AJ) based in France (the
Transaction).  Details of the Distribution were disclosed in a news
release disseminated on March 15, 2016, and in a Form 8-K filed
with the Securities and Exchange Commission on March 18, 2016.   

Stockholders Holding Physical Certificates.  
For stockholders who hold physical certificates for their shares of
EMRISE common stock, it was expected that a check for the
Distribution would be mailed on April 19, 2016 to the stockholders'
latest mailing address on file with the Company's Paying Agent.
Stockholders should contact the Paying Agent if they do not receive
a check or if they need to make any changes to their address or
account.

Stockholders Holding in "Street Name."   
For stockholders whose shares of EMRISE common stock are held in
"Street Name" at a brokerage firm, it was expected that the
aggregate amount of funds required for the Distribution to those
stockholders will be sent to DTC (Depository Trust Corporation) on
April 19.  DTC will then wire transfer to each of the brokerage
firms involved the funds necessary for the brokerage firms to
deposit the Distribution into their clients' brokerage accounts
where EMRISE shares of common stock are held.  Stockholders should
contact their brokerage firms if they have any questions regarding
the receipt, processing and/or timing of the second liquidation
distribution.

FOR A DETAILED DESCRIPTION OF THE PLAN AND THE MATTERS RELATING TO
IT, STOCKHOLDERS ARE ENCOURAGED TO READ CAREFULLY THE COMPANY'S
PROXY STATEMENT DATED MAY 11, 2015, ITS NEWS RELEASE DATED JUNE 30,
2015, ITS FORM 8-K FILED WITH THE SECURITIES AND EXCHANGE
COMMISSION ON JULY 1, 2015, AND ITS NEWS RELEASE DATED NOVEMBER 16,
2015.

Headquartered in Durham, North Carolina, EMRISE Corporation --
http://www.emrise.com/-- designs, manufactures and markets
electronic devices, sub-systems and equipment for aerospace,
defense, industrial and communications markets.


ENERGY XXI: Proposes Epiq as Claims and Noticing Agent
------------------------------------------------------
Energy XXI Ltd., et al., ask the Bankruptcy Court for approval to
appoint Epiq Bankruptcy Solutions, LLC, as claims and noticing
agent, nunc pro tunc to the Petition Date.

The Debtors say that by appointing Epiq, the distribution of
notices and the processing of claims will be expedited, and the
Clerk's office will be relieved of the administrative burden of
processing such claims.

Epiq agreed to a $75,000 retainer.

As claims agent, Epiq will charge the Debtors at these rates:

   Position                                  Hourly Rate
   --------                                  -----------
Clerical/Administrative Support               $25 to $45
Case Manager                                  $50 to $80
IT/ Programming                               $65 to $100
Senior Case Manager/Dir. of Case Management   $75 to $150
Consultant/Senior Consultant                 $145 to $185
Director/Vice President Consulting              $190
Executive Vice President - Solicitation         $200
Executive Vice President - Consulting           $200

For its noticing services, Epiq will waive fees for e-mail noticing
and will charge $0.10 per page for facsimile noticing.  For
database maintenance, the firm will charge $0.10 per record per
month.  For-online claim filing services, Epiq will waive fees.
The firm's call center operator will charge $55 per hour.

Brian Karpuk, Director of Consulting with Epiq, attests that Epiq
and its employees are "disinterested persons" as that term is
defined in Sec. 101(14) of the Bankruptcy Code.

The firm can be reached at:

         BRIAN KARPUK
         Director of Consulting
         EPIQ BANKRUPTCY SOLUTIONS LLC
         777 Third Avenue, Third Floor
         New York, NY 10017
         Tel: +1 913 621 9561
         E-mail: bkarpuk@epiqsystems.com

                        About Energy XXI

Energy XXI Ltd was incorporated in Bermuda on July 25, 2005.  With
its principal operating subsidiary headquartered in Houston, Texas,
Energy XXI is engaged in the acquisition, exploration, development
and operation of oil and natural gas properties onshore in
Louisiana and Texas and in the Gulf of Mexico Shelf.  It is listed
on the NASDAQ Global Select Market under the symbol "EXXI".

Energy XXI Ltd and 25 of its affiliates filed on April 14, 2016,
bankruptcy petitions in the U.S. Bankruptcy Court for the Southern
District of Texas (Bankr. S.D. Tex. Lead Case No. 16-31928).  The
petitions were signed by Bruce W. Busmire, the CFO.  Judge Karen K.
Brown is assigned to the cases.

Energy XXI Ltd on April 14, 2016, also filed a winding-up petition
commencing an official liquidation proceeding under the laws of
Bermuda before the Supreme Court of Bermuda.

The Debtors sought bankruptcy protection after reaching a deal with
lenders on the filing of a restructuring plan that would convert
$1.45 billion owed to second lien noteholders into equity of the
reorganized company.

The Debtors have hired Vinson Elkins as counsel, Gray Reed &
McGraw, P.C. as special counsel, Conyers Dill & Pearman as Bermuda
counsel, Locke Lord LLP as regulatory counsel, PJT Partners LP as
investment banker, Opportune LLP as financial advisor, Epiq
Systems, Inc., as notice and claims agent.


ENERGY XXI: Schedules Deadline Extended to May 28
-------------------------------------------------
Energy XXI Ltd. and its affiliated debtors won from the U.S.
Bankruptcy Court for the Southern District of Texas an order
extending their deadline to file their schedules of assets and
liabilities and statements of financial affairs through and
including May 28, 2016, without prejudice to the Debtors' right to
seek an additional extension.

                        About Energy XXI

Energy XXI Ltd was incorporated in Bermuda on July 25, 2005.  With
its principal operating subsidiary headquartered in Houston, Texas,
Energy XXI is engaged in the acquisition, exploration, development
and operation of oil and natural gas properties onshore in
Louisiana and Texas and in the Gulf of Mexico Shelf.  It is listed
on the NASDAQ Global Select Market under the symbol "EXXI".

Energy XXI Ltd and 25 of its affiliates filed on April 14, 2016,
bankruptcy petitions in the U.S. Bankruptcy Court for the Southern
District of Texas (Bankr. S.D. Tex. Lead Case No. 16-31928).  The
petitions were signed by Bruce W. Busmire, the CFO.  Judge Karen K.
Brown is assigned to the cases.

Energy XXI Ltd on April 14, 2016, also filed a winding-up petition
commencing an official liquidation proceeding under the laws of
Bermuda before the Supreme Court of Bermuda.

The Debtors sought bankruptcy protection after reaching a deal with
lenders on the filing of a restructuring plan that would convert
$1.45 billion owed to second lien noteholders into equity of the
reorganized company.

The Debtors have hired Vinson Elkins as counsel, Gray Reed &
McGraw, P.C. as special counsel, Conyers Dill & Pearman as Bermuda
counsel, Locke Lord LLP as regulatory counsel, PJT Partners LP as
investment banker, Opportune LLP as financial advisor, Epiq
Systems, Inc., as notice and claims agent.


ENERGY XXI: Seeks Joint Administration of Ch. 11 Cases
------------------------------------------------------
Energy XXI Ltd. and its affiliated debtors ask the U.S. Bankruptcy
Court for the Southern District of Texas to enter an order
directing joint administration of their Chapter 11 cases.   The
Debtors propose that the Court maintain one file and one docket for
all of the jointly administered cases under the case of Energy XXI,
Case No. 16-31928.  The Debtors say that the rights of their
respective creditors will not be adversely affected by the proposed
joint administration because the Debtors will continue as separate
and distinct legal entities, will continue to maintain separate
books and records and will provide information as required in the
consolidated monthly operating reports on a debtor-by-debtor
basis.

                        About Energy XXI

Energy XXI Ltd was incorporated in Bermuda on July 25, 2005.  With
its principal operating subsidiary headquartered in Houston, Texas,
Energy XXI is engaged in the acquisition, exploration, development
and operation of oil and natural gas properties onshore in
Louisiana and Texas and in the Gulf of Mexico Shelf.  It is listed
on the NASDAQ Global Select Market under the symbol "EXXI".

Energy XXI Ltd and 25 of its affiliates filed on April 14, 2016,
bankruptcy petitions in the U.S. Bankruptcy Court for the Southern
District of Texas (Bankr. S.D. Tex. Lead Case No. 16-31928).  The
petitions were signed by Bruce W. Busmire, the CFO.  Judge Karen K.
Brown is assigned to the cases.

Energy XXI Ltd on April 14, 2016, also filed a winding-up petition
commencing an official liquidation proceeding under the laws of
Bermuda before the Supreme Court of Bermuda.

The Debtors sought bankruptcy protection after reaching a deal with
lenders on the filing of a restructuring plan that would convert
$1.45 billion owed to second lien noteholders into equity of the
reorganized company.

The Debtors have hired Vinson Elkins as counsel, Gray Reed &
McGraw, P.C. as special counsel, Conyers Dill & Pearman as Bermuda
counsel, Locke Lord LLP as regulatory counsel, PJT Partners LP as
investment banker, Opportune LLP as financial advisor, Epiq
Systems, Inc., as notice and claims agent.


ERIK SAMUEL DE JONG: Sonora Dairy I Buyer Entitled to $2.1M Claims
------------------------------------------------------------------
Judge Paul Sala of the U.S. Bankruptcy Court for the District of
Arizona, in the Chapter 11 cases of Erik Samuel and Daryl Lynn de
Jong, held that JLE-04 Parker, LLC, has a prepetition claim in the
amount of $558,716.

JLE, purchaser of the property located at 19315 South Tuthill Road,
in Buckeye, Arizona, ("Sonora Dairy I"), filed a proof of claim
asserting $8,863,250, for damages arising from, among other things,
alleged trespass.  The Debtors are lessees of the Sonora Dairy I
and nine residential housing units.

The Court further found that JLE has a postpetition claim, entitled
to administrative priority pursuant to Section 503(b) of the
Bankruptcy Code, in the amount of $1,517,069.

A full-text copy of Judge Sala's Memorandum Decision is available
at http://bankrupt.com/misc/SAMUELop0419.pdf

The bankruptcy case is In re ERIK SAMUEL & DARYL LYNN DE JONG, Case
No. 2:14-BK-00886-PS (Bankr. D. Ariz.).


EZ MAILING: Asks Court to Extend Plan Filing Period to July 31
--------------------------------------------------------------
E Z Mailing Services Inc., et al. ask the U.S. Bankruptcy Court to
further extend the Exclusive Filing Period through and including
July 31, 2016, and the Exclusive Solicitation Period through and
including September 29, 2016.

The Debtors tell the Court that this is their first request for an
extension of the Exclusive Periods.

The Debtors relate that they have worked expeditiously to address
critical business and legal issues and move these cases forward and
tangible progress has been made toward their goal of confirming a
plan that will receive support from their various constituencies,
including the critical debtor in-possession financing via entry of
the DIP Order, where PNC Bank, National Association and PNC
Equipment Finance, LLC, consented to the entry of the DIP Order
conditioned on, among other things, the Debtors filing a plan by
July 31, 2016 and holding a confirmation hearing on November 1,
2016.

The Debtors' extension motion is set to be heard on April 26, 2016.


E Z Mailing Services Inc., et al. are represented by:

       Warren J. Martin Jr., Esq.
       Michael J. Naporano, Esq.
       Kelly D. Curtin,Esq.
       Rachel A. Parisi, Esq.
       PORZIO, BROMBERG & NEWMAN, P.C.
       100 Southgate Parkway
       P.O. Box 1997
       Morristown, New Jersey 07962
       Telephone: (973) 538-4006
       Facsimile: (973) 538-5146
       Email: wjmartin@pbnlaw.com
              mjnaporano@pbnlaw.com
              kdcurtin@pbnlaw.com
              raparisi@pbnlaw.com

             About E Z Mailing

E Z Mailing Services Inc. and United Business Freight Forwarders
are transportation logistics companies whose customers include
Macy's, Walmart, JC Penny and Forever 21.

After primary lender PNC Bank declared a default and demanded
immediate payment of $4.2 million, which resulted to a customer
freezing payment, E Z Mailing and UBFF filed Chapter 11 bankruptcy
petitions (Bankr. D.N.J. Case Nos. 16-10615 and 16-10616,
respectively) on Jan. 13, 2016.  Ajay Aggarwal, the president,
signed the petitions.  The Debtors each estimated assets and
liabilities in the range of $10 million to $50 million.  Judge
Stacey L. Meisel presides over the cases.

Porzio, Bromberg & Newman, PC, serves as counsel to the Debtors.

Bederson LLP's Edward Bond is serving as CRO and crisis manager of
the Debtors.


FAST STEEL: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------
Debtor: Fast Steel Corporation
        GPO Box 360827
        San Juan, PR 00936

Case No.: 16-03092

Chapter 11 Petition Date: April 19, 2016

Court: United States Bankruptcy Court
       District of Puerto Rico (Old San Juan)

Debtor's Counsel: Emily Darice Davila Rivera, Esq.
                  EMILY D DAVILA LAW FIRM
                  420 Ponce Leon Midtown Suite 311
                  San Juan, PR 00918
                  Tel: 787 753-2368
                  Fax: 787 759-9620
                  E-mail: davilalawe@prtc.net

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Victor Garcia Perez, president.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/prb16-03092.pdf


FEDERATION EMPLOYMENT: Selling FEGS HAS for $1.38M to Hyde Park
---------------------------------------------------------------
Federation Employment & Guidance Service, Inc., on April 19, 2016,
filed a motion to (i) sell its 100% membership interest in FEGS
Home Attendant Services, Inc. to Home Attendant Services of Hyde
Park, Inc., for at least $1,380,000 in cash, subject to higher and
better offers and (ii) conduct an auction process where Hyde Park
will serve as stalking horse bidder.

FEGS HAS is a New York not-for-profit agency that provides home
health and related services to individuals and their families in
need of assistance with daily living.  FEGS HAS has been operating
for over 30 years and has approximately 1,100 clients covered by
two New York City Human Resources Administration (the "HRA")
contracts, as well as contracts with managed care organizations and
managed long term care plans.

FEGS HAS is also a licensed provided under New York State's
Medicaid program and in June 2015, the New York Office of the
Medicaid Inspector General ("OMIG"), which audits and reviews state
Medicaid providers to assess compliance with program requirements,
and where necessary, recovers overpayments, issued a draft audit
report, which concluded that FEGS HAS had received estimated
overpayments totaling between $8.4 million to $14.6 million from
2006 through 2009.  Since issuance of the Audit, a certain portion
of ongoing Medicaid payments to FEGS HAS have been withheld by OMIG
and continue to be withheld pending resolution of the Audit.  FEGS
HAS and its counsel have commenced an appeal of the Audit and are
hopeful that the determined liability under the Auditor will be
reduced or eliminated.

The Debtor is the sole member of FEGS HAS.

Pursuant to a Substitution of Membership Agreement dated as of
April 18, 2016, Hyde Park will purchase the 100% membership
interest in FEGS HAS for $1,380,000 in cash plus an additional
contingent payment of up to $2,025,000 based on potential
reductions of the OMIG Liability.

FEGS HAS has a potential outstanding liability in the amount of
$8.4 million to $14.6 million to OMIG.  If the amount of the OMIG
liability is less than or equal to $5,240,000, the purchaser will
pay the Debtor additional consideration:

     Amount of OMIG Liability     Additional Consideration
     ------------------------     ------------------------
     $4,200,001 to $5,240,000                $40,000
     $3,200,001 to $4,200,000               $100,000
     $2,200,001 to $3,200,000               $300,000
     $1,200,001 to $2,200,000               $700,000
       $200,001 to $1,200,000             $1,200,000
                Less $200,001             $2,025,000

Since the transaction requires DOH approval, the proposed
transaction contemplates a management agreement between Hyde Park
and FEGS HAS for the period between court approval of the sale
transaction and the closing of the sale transaction.

                       Alternative Transaction

In order to ensure that the maximum potential value for the
Membership Interest is obtained, the Debtor has proposed bidding
procedures.  The Debtor ask the Court to (i) set a deadline for
submitting bids, (ii) require a minimum bid of $100,000 more than
the base price offered by Hyde Park plus the amount of the break-up
fee and expense reimbursement, and (iii) schedule an auction if
qualified bids are received.

The Purchase Agreement provides for the payment of a break-up fee
of $50,000 and expense reimbursement of up to $50,000 to Hyde Park
in the event a higher or better offer is accepted by the Debtor.

Hyde Park is represented by:

      BACKENROTH FRANKEL & KRINSKY, LLP
      800 Third Avenue, 11th Floor
      New York, NY
      Attn: Abraham Backenroth, Esq.

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

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 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.


FORESIGHT ENERGY: Gets Consent for Debt Restructuring
-----------------------------------------------------
Jodi Xu Klein, writing for Bloomberg Brief, reported that Foresight
Energy LP reached an agreement with its senior lenders to
restructure debt, a deal that may allow the struggling U.S. coal
miner to avoid bankruptcy.

According to the report, citing an April 18 regulatory filing, the
company also convinced two-thirds of the holders of its $600
million of 7.875 percent senior unsecured notes maturing 2021 on a
debt exchange.  The pact brings to an end a dispute with investors
who claimed Foresight had triggered a clause that required it to
repay all of the notes at a premium when it agreed to be partially
bought by rival Murray Energy Corp. last year, the report said.

The report related that the company's dispute with bondholders
began after Murray bought a 50 percent stake in Foresight a year
ago.  The creditors argued that the acquisition amounted to a
change of control, and pushed to be repaid at a premium, the report
further related.

Under the plan announced on April 18, up to $106 million of the
company's notes due in 2021 will be bought out at 100 cents on the
dollar, the report said.  The rest of the bonds will be swapped
into secured debt, split into two categories: a $300 million
second-lien, convertible, pay-in-kind portion that pays 15 percent
interest and a $300 million second-lien share due in August 2021
that pays 9 percent, the report added.

Senior lenders also cut the amount available under Foresight's
credit facility by $75 million and will lower it by another $25
million by the end of the year, the report cited the filing.  The
lenders also added so-called anti-hoarding provisions that would
require the company to repay them with any cash holdings above $35
million, the report added.

                    About Foresight Energy

Foresight Energy mines and markets coal from reserves and
operations located exclusively in the Illinois Basin.  
As of Dec. 31, 2015, the Company has invested over $2.3 billion to
construct state-of-the-art, low-cost and highly productive mining
operations and related transportation infrastructure.  The Company
controls over 3 billion tons of proven and probable coal in the
state of Illinois, which, in addition to making the Company one of
the largest reserve holders in the United States, provides organic
growth opportunities.  The Company's reserves consist principally
of three large contiguous blocks of uniform, thick, high heat
content (high Btu) thermal coal which is ideal for highly
productive longwall operations.  Thermal coal is used by power
plants and industrial steam boilers to produce electricity or
process steam.

Foresight Energy reported a net loss attributable to limited
partner units of $39.47 million on $984.85 million of total
revenues for the year ended Dec. 31, 2015, compared to net income
attributable to limited partner units of $70.19 million on $1.10
billion of total revenues for the year ended Dec. 31, 2014.

As of Dec. 31, 2015, Foresight had $1.83 billion in total assets,
$1.81 billion in total liabilities and $18.88 million in total
partners' capital.

Ernst & Young LLP, in St. Louis, Missouri, issued a "going
concern" qualification on the consolidated financial statements
for
the year ended Dec. 31, 2015, noting that the Partnership is in
default of certain provisions of its long-term debt and capital
lease obligations, resulting in a working capital deficit as of
Dec. 31, 2015.  These conditions raise substantial doubt about the
Partnership's ability to continue as a going concern.

                          *     *     *

The Troubled Company Reporter on March 22, 2016, reported that
Standard & Poor's Ratings Services said it lowered its corporate
rating on St. Louis-based Foresight Energy to 'D' from 'CCC-'.

As reported by the TCR on March 29, 2016, Moody's Investors
Service
downgraded all ratings of Foresight Energy, including the
corporate
family rating to 'Caa3' from 'Caa1'.


FORESIGHT ENERGY: Has Transaction Support Agreement with Lenders
----------------------------------------------------------------
Foresight Energy LLC and Foresight Energy LP, on April 18, 2016,
entered into a Transaction Support Agreement with certain of the
lenders under the Partnership's Second Amended and Restated Credit
Agreement dated as of  Aug. 23, 2013, pursuant to which the
Consenting Lenders have agreed to support a proposed global
restructuring of the Partnership's indebtedness, including a
proposed amendment and restatement of the Credit Agreement.

Pursuant to the Support Agreement, the parties have agreed to
support and seek to consummate the Restructuring in a timely
manner, including amending and restating the Credit Agreement to
effect the following amendments set forth in the Amendment term
sheet:

    (i) a $75 million reduction in aggregate lender commitments
        under the revolving credit facility (with an additional
        $25 million reduction to occur on Dec. 31, 2016);

   (ii) a 1.00% increase in the interest rates applicable to
        borrowings under the Credit Agreement;

  (iii) the implementation of an "excess cash flow sweep"
        provision (to be applicable in the second half of 2016 and

        in 2017), requiring prepayment of the term loans
        thereunder with 50% of "excess cash flow" (to be defined
        in a manner consistent with the existing Credit Agreement
        definition, subject to any mutually agreed upon
        modifications);

   (iv) the amendment of the consolidated interest coverage ratio
        and senior secured leverage ratio financial covenants to
        make those covenants applicable to both the term loan
        facility and the revolving credit facility (instead of
        only the revolving credit facility);

    (v) the amendment of the senior secured leverage ratio
        applicable to the financial maintenance covenant to be as
        follows: (a) 3.8 to 1 through the end of 2016; (b) 4.0 to
        1 during 2017; (c) 3.8 to 1 during 2018; (d) 3.5 to 1
        during 2019; and (e) 3.25 to 1 during 2020;

   (vi) the prohibition of certain restricted payments in 2016,
        2017 and the first six months of 2018 (or such later date
        as the revolving credit facility is refinanced) (subject
        to limited tax-related exceptions in 2017 and thereafter);


  (vii) the implementation of an "anti-hoarding" covenant,
        prohibiting borrowings under the revolving credit facility

       (other than letters of credit) when FELLC's unrestricted
        cash exceeds $35 million;

(viii) other amendments to the Credit Agreement for the purpose
        of implementing the other transactions contemplated in the

        proposed Restructuring; and

   (ix) other amendments to the covenants, representations and
        warranties, events of default and other provisions of the
        Credit Agreement described in the Amendment Term Sheet.

The Partnership has agreed with the Consenting Lenders that it will
seek to enter into a transaction support agreement or similar
agreement with holders of at least 66.67% of the principal amount
of FELLC's 7.875% Senior Notes due 2021 in support of the
transactions contemplated in the proposed Restructuring on or
before May 6, 2016.

The Consenting Lenders have agreed to a restriction on their right
to transfer their claims under the Credit Agreement for so long as
the Support Agreement is in effect unless the transferee agrees to
be bound by the terms of the Support Agreement.

FELLC has agreed to pay each Consenting Lender (on the effective
date of the proposed Amendment) an amendment fee in an aggregate
amount (after giving effect to transactions contemplated in the
proposed Restructuring) equal to 1.0% of the aggregate amount of
revolving credit facility commitments of, and, without duplication,
1.0% of all loans, including term loans, owed to, such Consenting
Lender under the Credit Agreement at such date (after giving effect
to the revolving credit facility reduction).

The Consenting Lenders have agreed that as of the effective date of
the Amendment of the Credit Agreement, the Consenting Lenders will
waive defaults and events of default under the Credit Agreement
specified in: (i) the Notice of Events of Default and Reservation
of Rights dated Dec. 9, 2015; (ii) the notice of payment default
dated Feb. 16, 2016; (iii) the Compliance Certificate dated March
23, 2016 for the period ending Dec. 31, 2015; and (iv) any other
defaults or events of default continuing immediately prior to the
consummation of the transactions contemplated in the proposed
Restructuring; and

                Terms of the Proposed Restructuring

The proposed Restructuring consists of a series of proposed
transactions which are the subject of ongoing negotiations amongst
the various stakeholders of the Partnership and its affiliates and
which are set forth in the proposed Restructuring term sheet,
including (among other things) the following additional proposed
transactions:

  * The proposed purchase by investors in Foresight Reserves LP of
    up to $106 million aggregate principal amount of outstanding
    Notes currently held by non-affiliates of the Partnership, in
    a cash tender offer at a price equal to 100% of the principal
    amount thereof;

  * The proposed exchange of the outstanding Notes for: (i) up to
    $300 million aggregate principal amount of second-lien senior
    convertible PIK notes (with a term no greater than one year
    and a 15.0% per annum PIK coupon); and (ii) up to $300 million

    aggregate principal amount of second-lien senior secured notes

    due August 2021 (with a a 9.0% per annum cash coupon for the
    first two years, a 10.0% per annum cash coupon thereafter plus

    an additional 1.0% per annum PIK coupon), of which
    approximately $180 million in aggregate principal amount would

    be issued to the Partnership's principal equityholders in
    exchange for Notes held (or purchased from other holders of
    the Notes in the tender offer described above) by such
    equityholders; with each such class of proposed new notes to
    have covenants and events of default substantially similar to
    the Notes (subject to revisions to implement the second-lien
    nature of such notes).  The second-lien senior convertible PIK
    notes, if not redeemed under the circumstances described in
    the Restructuring Term Sheet by their maturity date, will
    convert into 75% of the fully diluted equity of the
    Partnership (in the form of common units).  If the second-lien
    senior convertible PIK notes are redeemed under the
    circumstances described in the Restructuring Term Sheet by
    their maturity date, the Partnership will issue warrants to
    purchase up to 7.5% of the Company's common equity (in the
    form of common units).  Additional proposed terms of the
    second-lien senior convertible PIK notes and second-lien
    senior secured notes due 2021 are described in the
    Restructuring Term Sheet;

  * Certain proposed amendments and waivers to Foresight
    Receivables LLC's receivables financing agreement to (among
    other things) address existing defaults;

  * The proposed execution of a new intercreditor agreement among
    the first-lien creditors and the proposed new second-lien
    creditors;

  * The proposed execution of one or more release agreements among

    the Partnership, its principal equityholders and holders of
    the Notes;

  * Certain proposed operational and corporate governance changes,

    including the appointment of a Chief Financial Officer of the
    Partnership's general partner that is not affiliated with its
    significant equityholders, the appointment of a board observer

    mutually agreed upon by the holders of the Notes and the
    Partnership and the establishment of a "Synergy and Conflicts
    Committee" tasked with review and oversight of affiliate
    transactions; and

  * Proposed modifications or amendments to the Partnership's
    other operational or financing documents, including equipment
    financings, as may be necessary to address existing defaults
    and/or events of default and permit the other proposed
    Restructuring transactions.

A copy of the Transaction Support Agreement is available for free
at http://is.gd/zyCybb

                    About Foresight Energy

Foresight Energy mines and markets coal from reserves and
operations located exclusively in the Illinois Basin.  
As of Dec. 31, 2015, the Company has invested over $2.3 billion to
construct state-of-the-art, low-cost and highly productive mining
operations and related transportation infrastructure.  The Company
controls over 3 billion tons of proven and probable coal in the
state of Illinois, which, in addition to making the Company one of
the largest reserve holders in the United States, provides organic
growth opportunities.  The Company's reserves consist principally
of three large contiguous blocks of uniform, thick, high heat
content (high Btu) thermal coal which is ideal for highly
productive longwall operations.  Thermal coal is used by power
plants and industrial steam boilers to produce electricity or
process steam.

Foresight Energy reported a net loss attributable to limited
partner units of $39.47 million on $984.85 million of total
revenues for the year ended Dec. 31, 2015, compared to net income
attributable to limited partner units of $70.19 million on $1.10
billion of total revenues for the year ended Dec. 31, 2014.

As of Dec. 31, 2015, Foresight had $1.83 billion in total assets,
$1.81 billion in total liabilities and $18.88 million in total
partners' capital.

Ernst & Young LLP, in St. Louis, Missouri, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, noting that the Partnership is in
default of certain provisions of its long-term debt and capital
lease obligations, resulting in a working capital deficit as of
Dec. 31, 2015.  These conditions raise substantial doubt about the
Partnership's ability to continue as a going concern.

                          *     *     *

The Troubled Company Reporter on March 22, 2016, reported that
Standard & Poor's Ratings Services said it lowered its corporate
rating on St. Louis-based Foresight Energy to 'D' from 'CCC-'.

As reported by the TCR on March 29, 2016, Moody's Investors Service
downgraded all ratings of Foresight Energy, including the corporate
family rating to 'Caa3' from 'Caa1'.


FRONTIER COMMUNICATIONS: Egan-Jones Lowers Sr. Unsec. Rating to B
-----------------------------------------------------------------
Egan-Jones Ratings Company downgraded the senior unsecured ratings
on debt issued by Frontier Communications Corp to B from B+ on
April 4, 2016.  EJR also lowered the commercial paper rating issued
by the Company to B from A3.

Frontier Communications Corporation is a telephone company in the
United States, mainly serving rural areas and smaller communities.




GENIUS BRANDS: Squar Milner Replaces Haynie & Co. as Accountants
----------------------------------------------------------------
The Audit Committee of the Board of Directors of Genius Brands
International, Inc., notified Haynie & Company that it had
determined not to engage Haynie as the Company's independent
registered public accounting firm for the fiscal year ending
Dec. 31, 2016, and accordingly dismissed Haynie effective as of
that date.  On and effective as of that same date, the Company
engaged Squar Milner LLP, as approved by the Audit Committee, as
the Company's independent registered public accounting firm.

Haynie's audit reports on the Company's consolidated financial
statements for the year ended Dec. 31, 2015, did not contain an
adverse opinion or a disclaimer of opinion and were not qualified
or modified as to uncertainty, audit scope or accounting
principles.

The Company disclosed that it had no disagreements with Haynie on
any matter of accounting principles or practices, financial
statement disclosure or auditing scope or procedure.

The Company's consolidated financial statements as of and for the
year ended Dec. 31, 2014, were audited by HJ Associates &
Consultants, LLP, which was acquired by Haynie effective Jan. 1,
2016.

                     About Genius Brands

Beverly Hills, Calif.-based Genius Brands International, Inc.,
creates and distributes music-based products which it believes are
entertaining, educational and beneficial to the well-being of
infants and young children under its brands, including Baby Genius
and Little Genius.

Genius Brands reported a net loss of $3.48 million on $907,983 of
total revenues for the year ended Dec. 31, 2015, compared to a net
loss of $3.72 million on $926,000 of total revenues for the year
ended Dec. 31, 2014.  As of Dec. 31, 2015, Genius Brands had $18.87
million in total assets, $4.74 million in total liabilities and
$14.1 million in total equity.


GLOBAL HIGH INCOME: Announces Final Liquidating Distribution
------------------------------------------------------------
Global High Income Fund Inc. (the "Fund") (formerly traded on the
NYSE under the symbol "GHI") on
April 19 announced the payment of a final liquidating distribution
to shareholders.  Shareholders of record as of April 11, 2016, with
shares held in "book entry" form (that is, without physical share
certificates) began receiving a final distribution of $8.6886 per
share on April 18, 2016; beneficial shareholders holding through
broker-dealers should receive their final distribution as a credit
to their financial intermediary accounts (for example, a brokerage
account) on or about April 19, 2016.  Certain other shareholders
with "book entry" shares will receive their final liquidating
distribution in the form of a check via the mail.

Fund shareholders who own share certificates should receive a
letter of transmittal (or exchange form) from the Fund's paying
agent and are asked to complete the letter (or exchange form) and
return it with such share certificates to the paying agent (not the
Fund) to receive their payment.

The Fund expresses its appreciation to those shareholders who
supported the Fund and its Board over the years.


GUIDED THERAPEUTICS: Union Capital Has 9.9% Stake as of April 14
----------------------------------------------------------------
In a Schedule 13G filed with the Securities and Exchange
Commission, Union Capital, LLC reported that as of April 14, 2016,
it beneficially owns 651,909 shares of common stock of Guided
Therapeutics, Inc., representing 9.99% (based on the total of
6,512,579 outstanding shares of Common Stock).  A copy of the
regulatory filing is available for free at http://is.gd/Y7g8I1

                     About Guided Therapeutics

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

Guided Therapeutics reported a net loss attributable to common
stockholders of $9.50 million on $42,000 of contract and grant
revenue for the year ended Dec. 31, 2015, compared to a net loss
attributable to common stockholders of $10.03 million on $65,000
of contract and grant revenue for the year ended Dec. 31, 2014.

As of Dec. 31, 2015, Guided Therapeutics had $2.56 million in total
assets, $8.12 million in total liabilities and a $5.56 million
total stockholders' deficit.


HCSB FINANCIAL: Offering 23.4 Million Common Shares
---------------------------------------------------
HCSB Financial Corporation filed with the Securities and Exchange
Commission a Form S-1 registration statement relating to the
offering of up to 23,384,301 shares of its common stock, par value
$0.01 per share, at a price of $0.10 per share.

The Company is conducting the offering in connection with the
recent completion of a private placement transaction pursuant to
which it issued 359,468,443 shares of its common stock at $0.10 per
share and 905,315.57 shares of a new series of convertible
perpetual non-voting preferred stock, Series A, par value $0.01 per
share, at $0.10 per share for cash proceeds of $45 million.

There is no minimum number of shares that must be sold or minimum
subscription amount required for consummation of the offering.  The
offering will expire upon the earlier of the sale of all 23,384,301
shares of common stock or at 5:00 p.m., Eastern Standard time, on
[____________], 2016, unless extended for up to an additional 30
days by the Company's board of directors, in their sole discretion.
The Company does not intend to extend the expiration date beyond
[____________], 2016.  The offering will be made directly by the
Company.  The Company will not use an underwriter or selling
agent.

The Company's common stock is quoted on the OTC Pink marketplace
under the symbol "HCFB".  On April [____], 2016, the closing price
of the Company's common stock as reported by the OTC Pink
marketplace was $[____] per share.

A full-text copy of the preliminary Form S-1 prospectus is
available for free at http://is.gd/1k0dD9

                      About HCSB Financial

Loris, South Carolina-based HCSB Financial Corporation was
incorporated on June 10, 1999, to become a holding company for
Horry County State Bank.  The Bank is a state chartered bank which
commenced operations on Jan. 4, 1988.  From its 13 branch
locations, the Bank offers a full range of deposit services,
including checking accounts, savings accounts, certificates of
deposit, money market accounts, and IRAs, as well as a broad range
of non-deposit investment services.  During the third quarter of
2011, the Bank closed its Covenant Towers branch located at Myrtle
Beach.  All deposits were transferred to the Bank's Myrtle Beach
branch and the Bank does not expect any disruption of service in
that market for its customers.

HCSB Financial reported a net loss available to common shareholders
of $1.75 million on $13.7 million of total interest income for the
year ended Dec. 31, 2015, compared to a net loss available to
common shareholders of $1.40 million on $16.09 million of total
interest income for the year ended Dec. 31, 2014.

As of Dec. 31, 2015, HCSB Financial had $362 million in total
assets, $374 million in total liabilities and a total shareholders'
deficit of $12.3 million.

Elliott Davis Decosimo, LLC, in Columbia, South Carolina, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2015, citing that the
Company has suffered recurring losses that have eroded regulatory
capital ratios and the Company's wholly owned subsidiary, Horry
County State Bank, is under a regulatory Consent Order with the
Federal Deposit Insurance Corporation (FDIC) that requires, among
other provisions, capital ratios to be maintained at certain
levels.  As of December 31, 2015, the Company's subsidiary is
considered significantly undercapitalized based on its regulatory
capital levels.  These considerations raise substantial doubt about
the Company's ability to continue as a going concern.  The Company
also has deferred interest payments on its junior subordinated
debentures for 20 consecutive quarters as of December 31, 2015.
Under the terms of the debentures, the Company may defer payments
for up to 20 consecutive quarters without creating a default.
Payment for the 20th quarterly interest deferral period was due in
March 2016.  The Company failed to pay the deferred and compounded
interest at the end of the deferral period, and the trustees of the
corresponding trusts, have the right, after any applicable grace
period, to exercise various remedies, including demanding immediate
payment in full of the entire outstanding principal amount of the
debentures.  The balance of the debentures and accrued interest as
of December 31, 2015 were $6,186,000 and $901,000, respectively.
These events also raise substantial doubt about the Company's
ability to continue as a going concern as of December 31, 2015.


HHCS INC: Abbate Demarinis Okayed as HHHW's Accountant
------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of New York
authorized Hebrew Hospital Home of Westchester, Inc., to employ
Abbate Demarinis, LLP, as its accountant nunc pro tunc to the HHHW
Petition Date.

Abbate is expected to, among other things:

   a) conduct an annual audit in accordance with generally accepted
auditing standards and prepare the Debtor's year-end certified
financial statements;

   b) compile quarterly unaudited financial statement and
monitoring of the Debtor's bookkeeping system to assure compliance
with predetermined procedures; and

   c) prepare and file the appropriate Annual Federal, State and
Local Income Tax Returns.

The current applicable hourly rates for the financial advisory
services to be rendered by Abbate are:

         Level                         Hourly Rates
         -----                         ------------
         Partner                       $350 - $450
         Manager                       $275 - $325
         Seniors and Staff             $175 - $250
         Administrative                 $75 - $120

Abbate will also seek reimbursement for necessary expenses
incurred.

To the best of the Debtor’s knowledge, Abbate is a "disinterested
person" as that term is defined in Section 101(14) of the
Bankruptcy Code.

The Debtors are represented by:

         Raymond L. Fink, Esq.
         John A. Mueller, Esq.
         HARTER SECREST & EMERY LLP
         12 Fountain Plaza, Suite 400
         Buffalo, NY 14202-2293
         Tel: (716) 853-1616
         E-mails: rfink@hselaw.com
                  jmueller@hselaw.com

               About HHH Choices Health Plan, LLC

Three alleged creditors owed about $1.9 million submitted an
involuntary Chapter 11 petition for HHH Choices Health Plan, LLC on
May 4, 2015 (Bankr. S.D.N.Y. Case No. 15-11158) in Manhattan.

The petitioners are The Royal Care, Inc., (allegedly owed
$772,762), Amazing Home Care Services ($1,178,752), and InterGen
Health LLC ($42,298), all claiming that they are owed by the Debtor
for certain services rendered.  They all tapped Marc A. Pergament,
Esq., at Weinberg, Gross & Pergament, LLP, in Garden City, New
York, as counsel.

With the consent from the board of directors, the Debtor filed a
notice of consent to order for relief on June 1, 2015, and an order
for relief was entered on June 22, 2015.

Judge Michael E. Wiles oversees the case.


HII TECHNOLOGIES: Confirms Chapter 11 Plan of Reorganization
------------------------------------------------------------
After a contested "cram down" plan confirmation hearing, HII
Technologies, Inc. ("HII") and its subsidiaries confirmed a Chapter
11 Plan of Reorganization on Friday, April 15, 2016.  The U.S.
Bankruptcy Court for the Southern District of Texas approved the
restructuring that allows HII to emerge as a non-public oilfield
service company owned by its former secured and unsecured
creditors.  The reorganized HII will maintain oilfield service
operations and assets without any legacy debt.  The creditors will
also receive distributions from a Litigation Trust.  The Litigation
Trust is being funded by former secured creditors of HII.  Net
Litigation Trust recoveries will pay 45 percent to unsecured
creditors and 55 percent to secured lenders under the
Debtor-in-possession lending facility.

"We are pleased that the Court agreed with our evidence and
confirmed this plan for the benefit of all creditors," said Loretta
Cross, Chief Executive Officer of the Reorganized HII and a
restructuring advisor from Stout, Risius, Ross, Inc.  "This complex
restructuring was highly litigated and required us to overcome
objections to postpetition financing, objections to a sale
proceeding, and finally a contested plan hearing.  We are all glad
to move on with HII's business."

Andrew Buck, assistant director of Garden City Group, the official
Balloting and Noticing Agent, determined that over 99 percent of
the general unsecured debt voters had accepted the plan.

The parties were represented by Hugh Ray III, Chris Johnson and Ben
Hugon from McKool Smith, P.C. (for HII and affiliates) and Greg
Carney of Indeglia and Carney, LLP (HII securities counsel); Mark
Joachim and George Utlik from Arent Fox LLP and E. Lee Morris of
Munsch, Hardt, Kopf and Harr, P.C. (for the post-bankruptcy
lenders); Elizabeth M. Guffy and Steve Bryant of Locke Lord, LLP
(for the Official Unsecured Creditor's Committee); John Sparacino
of Vorys, Sater, Seymour and Pease LLP (for HII's CEO); and Joshua
Wolfshohl of Porter Hedges LLP (for HII's Outside Directors).

                     About HII Technologies

HII Technologies, Inc., Apache Energy Services, LLC, Aqua Handling
of Texas, LLC, Hamilton Investment Group, Inc., and Sage Power
Solutions, Inc., filed Chapter 11 bankruptcy petitions (Bankr. S.D.
Tex. Lead Case No. 15-60070) on Sept. 18, 2015.  Judge David R.
Jones is assigned to the cases.

HII Technologies (HIITQ) is a publicly-traded oilfield services
company which entered the hydraulic fracturing water management
business via acquisition of Apache Energy Services dba AES Water
Solutions in September 2012.

HII Technologies currently has only one employee, its CEO, Matt
Flemming.

HII Technologies reported assets of $17.6 million and liabilities
of $26.5 million as of July 31, 2015.

The Debtors tapped McKool Smith P.C. as counsel, and Stout Risius
Ross, Inc. for management and restructuring services.

On Sept. 29, 2015, Power Reserve Corp., Bold Production Services
LLC, and Black Gold Energy LLC were appointed to serve on its
official committee of unsecured creditors.  On Oct. 7, Black Gold
was replaced by Worldwide Power Products LLC.  The Official
Committee is represented by W. Steven Bryant, Esq., and Elizabeth
M. Guffy, Esq., at Locke Lord LLP.

Unsecured Creditors of Debtor Apache Energy Services, LLC, have
formed their own group.  The Ad Hoc Committee of AES Unsecured
Creditors is represented by Leonard H. Simon, Esq., at Pendergraft
& Simon, L.L.P.; and Joan Kehlhof, Esq., at Wist Holland & Kehlhof.


HNO GREEN: U.S. Trustee Seeks Production of Docs
------------------------------------------------
Peter C. Anderson, the U.S. Trustee for Region 16, responded to the
U.S. Bankruptcy Court's order to show cause why the Chapter 11 case
of HNO Green Fuels, Inc., should not be dismissed or converted to
Chapter 7 of the Bankruptcy Code.

According to the U.S. Trustee, the document production is
incomplete and asked the Court to compel the Debtor, among other
things, to produce:

   1. any and all documents of communications, including emails,
from the Debtor to shareholders from the petition date to Jan. 29,
2016;

   2. any and all documents of communications, including emails,
sent to shareholders on the Debtor's behalf from the petition date
to Jan. 29, 2016;

   3. any and all documents of communications, including emails,
from shareholders to the Debtor from the petition date to Jan. 29,
2016;

   4. any and all documents including emails, from shareholders to
the Debtor's principle, Donald Owens from the petition date to Jan.
29, 2016; and

   5. documents evidencing funds received from shareholders,
including stock purchases or transactions from the petition date to
Jan. 29, 2016.

The U.S. Trustee also tells the Court that it is concerned with the
Debtor's procedures for handling and maintaining custody of funds
received from shareholders.  The Debtor will need to demonstrate
that all funds have been placed in the debtor-in-possession
accounts.

The Court will convene a hearing on the matter on May 3, 2016, at
3:00 p.m..

After the entry of the OSC, the Brundidge Parties filed their
initial briefing in support of the OSC on Feb. 29, 2016, and also
filed a motion to dismiss the Debtor's case.  The U.S. Trustee has
requested that the Debtor, Brundidge Parties, and the Mitchell
Parties stipulate to continue the OSC Hearing, and the Pleading
Deadlines to provide the UST with more time to review the documents
that it has received from the Debtor in connection with the UST's
document request, and to prepare and file any brief regarding the
OSC.  The Brundidge Parties, the Mitchell Parties, and the Debtor
have agreed to the UST's request.

Based upon the UST's request, the Parties have agreed to continue
the OSC Hearing and extend the Pleading Deadlines, including any
pleading deadlines related to the motion to dismiss, as:

   a. The OSC Hearing will be continued to April 26, 2016, at 3:00
p.m. or to a date and time that is convenient for the Court that is
on or after April 26, 2016.

   b. Any briefing by the UST in support of the OSC will be filed
and served by March 29, 2016.

   c. Any opposition to the OSC or the motion to dismiss will be
filed and served by April 12, 2016.

   d. Any Reply will be filed and served by April 19, 2016.

As reported by the Troubled Company Reporter on March 29, 2016,
creditors Carl I. Brundidge and Brundidge & Stanger P.C. sought
Chapter 7 conversion or dismissal of the Chapter 11 case of HNO
Green Fuels, Inc.  

In light of claims that the principal, Don Owens, was soliciting
new investments from shareholders without Court approval, the Court
in January entered an order to show cause why the case should not
be dismissed or converted.  In seeking dismissal/conversion,
Brundidge & Stanger points out that:

  -- Over time, HNO took money from more than 1,200 shareholders,
most of them unsophisticated shareholders.

  -- HNO hid the bankruptcy filing from its shareholders by
omitting its shareholders from the master mailing list.

  -- After filing bankruptcy, HNO also failed to shut down the
IndieGoGo crowdsource funding page.

  -- HNO never mentioned the bankruptcy to its shareholders until
six months after the bankruptcy petition.

  -- Don Owens cannot be expected to steer HNO thorough chapter 11
because Owens' management decisions will be shaded toward limiting
Owen's personal liability under California Corporations Code Sec.
1507.

Rene Mitchell and C&R Enterprises, LLC, join in Brundidge's Motion.
C&R asserts that the Court should convert this case to Chapter 7.
According to C&R, a trustee will be able to explore the long
history of investments and possible diversion of resources by Mr.
Owens.  Alternatively, C&R avers that the Court should dismiss the
Chapter 11 case and leave the parties to their state court
remedies.

The U.S. Trustee is represented by:

         Peter C. Anderson
         United States Trustee
         Abram S. Feuerstein
         Assistant United States Trustee
         Everett L. Green
         Trial Attorney
         U.S. Department Of Justice
         Office of the U.S. Trustee
         3801 University Avenue, Suite 720
         Riverside, CA 92501
         Tel: (951) 276-6990
         Fax: (951) 276-6973
         E-mail: Everett.L.Green@usdoj.gov

Carl Brundidge and Brundidge & Stanger P.C. is represented by

         J. Scott Bovitz, Esq.
         BOVITZ & SPITZER

The Debtor is represented by:

         Gary E. Klausner, Esq.
         Eve H. Karasik, Esq.
         Lindsey L. Smith, Esq.
         LEVENE, NEALE, BENDER, YOO & BRILL L.L.P.
         10250 Constellation Boulevard, Suite 1700
         Los Angeles, CA 90067
         Tel: (310) 229-1234
         Fax: (310) 229-1244
         E-mail: gek@lnbyb.com
                 ehk@lnbyb.com
                 lls@lnbyb.com

Attorneys for C&R Enterprises, LLC:

         Gregory M. Salvato, Esq.
         Joseph Boufadel, Esq.
         SALVATO LAW OFFICES
         Wells Fargo Center
         355 South Grand Avenue, Suite 2450
         Los Angeles, CA 90071-9500
         Telephone: (213) 484-8400
         Facsimile: (213) 402-3778
         E-mail: Gsalvato@salvatolawoffices.com
                 Jboufadel@salvatolawoffices.com

                  About HNO Green Fuels

HNO Green Fuels, Inc., sought Chapter 11 protection (Bankr. C.D.
Cal. Case No. 15-14946) in Riverside, California, on May 16, 2015.
The Debtor estimated $50 million to $100 million in assets and $1
million to $10 million in debt.  The Debtor tapped Levene, Neale,
Bender, Yoo & Brill L.L.P, as counsel.  Judge Mark D. Houle
presides over the case.


IMPLANT SCIENCES: Platinum Reports 56.7% Stake as of April 6
------------------------------------------------------------
In a Schedule 13D filed with the Securities and Exchange
Commission, Platinum Partners Value Arbitrage Fund L.P., et al.,
disclosed that as of April 6, 2016, they beneficially own
100,357,406 shares of common stock of Implant Sciences Corporation
representing 56.67 percent of the shares outstanding.  A copy of
the regulatory filing is available for free at http://is.gd/Ge2fX4

                      About Implant Sciences

Implant Sciences Corporation (OBB: IMSC.OB) --
http://www.implantsciences.com/-- develops, manufactures and
sells sensors and systems for the security, safety and defense
(SS&D) industries.

As of June 30, 2015, the Company had $10.39 million in total
assets, $88.56 million in total liabilities and a $78.17 million
total stockholders' deficit.

"Despite our current sales, expense and cash flow projections and
Marcum LLP, in Boston, Massachusetts, issued a "going concern"
qualification on the consolidated financial statements for the year
ended June 30, 2015, citing that the Company has had recurring net
losses and continues to experience negative cash flows from
operations.  As of Sept. 15, 2015, the Company's principal
obligation to its primary lenders was approximately $65,046,000 and
accrued interest of approximately $15,393,000.  The Company is
required to repay all borrowings and accrued interest to these
lenders on March 31, 2016.  These conditions raise substantial
doubt about its ability to continue as a going concern.


LEON OSCAR RAMIREZ: Seeks to Extend Plan Exclusivity to May 23
--------------------------------------------------------------
Leon Oscar Ramirez, Jr., asks the U.S. Bankruptcy Court for the
Southern District of Texas to extend the exclusive periods during
which the Debtor may file a plan of reorganization and solicit
acceptances of that plan.

Absent an extension, the Exclusive Filing Period and Solicitation
Period of the Debtors will expire on April 23, 2016 and June 20,
2016, respectively.

The Debtor seeks an extension of the Exclusive Filing Period to May
23, 2016 and the Solicitation Period to July 20, 2016, pursuant to
section 1121(d) of the Bankruptcy Code, without prejudice to their
rights to seek additional extensions thereof.  

The relief requested is essential in the context of the Debtor's
relatively large chapter 11 case and a state court matter currently
pending appeal.

The Debtor explains its business is to manage several real estate
properties that he and his sister inherited upon the death of their
father. Further, the Debtor has a case he and his sister filed
against an oil and gas company for failure to pay royalties. The
Debtor prevailed in that case but the matter was appealed by the
Defendant.  If the judgment is ultimately affirmed it  will
directly impact the terms of a proposed plan of reorganization, and
thus the Debtor requests additional time to propose a plan that can
incorporate the final terms of that appeal.

The Debtor also notes that the accountants retained in this case
have been rather busy preparing various tax returns for their
clients (which deadline expired on April 18, 2016).

Leon Oscar Ramirez, Jr. filed a Chapter 11 petition (Bankr. S.D.
Tex. Case No. 15-50164) on October 26, 2015, and is represented
by:

     Jesse Blanco, Esq.
     7406 Garden Grove
     San Antonio, TX 78250
     Tel: 713-320-3732
     Fax: 210-509-6903
     E-mail: lawyerjblanco@gmail.com


LINN ENERGY: Extends Exchange Offer Until April 25
--------------------------------------------------
LinnCo, LLC, disclosed that it has extended the expiration of its
previously announced offer to exchange each outstanding unit of
LINN Energy, LLC for one LinnCo share to 12:00 midnight, New York
City time, on April 25, 2016.  All of the other terms and
conditions of the Exchange Offer remain unchanged.

American Stock Transfer & Trust Company, LLC, the exchange agent
for the Exchange Offer, has advised that, as of 5:00 p.m., New York
City time, on April 15, 2016, a total of approximately 55,490,588
LINN units were validly tendered and not validly withdrawn in the
Exchange Offer.  LINN unitholders who have already tendered their
LINN units do not have to re-tender their LINN units or take any
other action as a result of the extension of the Exchange Offer.

The Exchange Offer is being made upon and is subject to the terms
and conditions set forth in the Prospectus/Offer to Exchange dated
April 18, 2016, and the accompanying Amended and Restated Letter of
Transmittal.  LinnCo's obligation to accept for exchange the LINN
units validly tendered in the Exchange Offer is subject to the
effectiveness of the Registration Statement on Form S-4 filed with
the U.S. Securities and Exchange Commission on March 22, 2016, as
amended by Amendment No. 1 to Registration Statement on Form S-4,
filed with the SEC on April 6, 2016, and Amendment No. 2 to
Registration Statement on Form S-4, filed with the SEC on
April 18, 2016, of which the Prospectus is a part, and the lack of
legal prohibitions.

                         About Linn Energy

LINN Energy, LLC (NASDAQ: LINE) -- http://www.linnenergy.com/-- is
an oil and natural gas company.  The Company is focused on
acquiring, developing and maximizing cash flow from a portfolio of
oil and natural gas assets.  The Company's properties are located
in the United States, in the Rockies, the Hugoton Basin,
California, east Texas and north Louisiana (TexLa), the
Mid-Continent, the Permian Basin, Michigan/Illinois and south
Texas.

Linn Energy reported a net loss of $4.75 billion on $2.88 billion
of revenues for the year ended Dec. 31, 2015, compared to a net
loss of $452 million on $4.98 billion of revenues for the year
ended Dec. 31, 2014.  As of Dec. 31, 2015, Linn Energy had $9.97
billion in total assets, $10.2 billion in total liabilities and a
$269 million in unitholders' deficit.

                        *     *     *

The Troubled Company Reporter, on Feb. 8, 2016, reported that
Standard & Poor's Ratings Services lowered its corporate credit
rating on Houston-based oil and gas exploration and production
(E&P) company Linn Energy LLC to 'CCC' from 'B+'.  S&P also lowered
its corporate credit rating on Berry Petroleum Co. LLC to 'CCC'
from 'B+'.  The outlook is negative.

Linn Energy, LLC carries a 'Caa1' corporate family rating from
Moody's Investors Service.


LINNCO LLC: Extends Exchange Offer Until April 25
-------------------------------------------------
LinnCo, LLC, announced that it has extended the expiration of its
offer to exchange each outstanding unit of LINN Energy, LLC for one
LinnCo share to 12:00 midnight, New York City time, on
April 25, 2016.  All of the other terms and conditions of the
Exchange Offer remain unchanged.

American Stock Transfer & Trust Company, LLC, the exchange agent
for the Exchange Offer, has advised that, as of 5:00 p.m., New York
City time, on April 15, 2016, a total of approximately 55,490,588
LINN units were validly tendered and not validly withdrawn in the
Exchange Offer.  LINN unitholders who have already tendered their
LINN units do not have to re-tender their LINN units or take any
other action as a result of the extension of the Exchange Offer.

The Exchange Offer is being made upon and is subject to the terms
and conditions set forth in the Prospectus/Offer to Exchange dated
April 18, 2016, and the accompanying Amended and Restated Letter of
Transmittal.  LinnCo's obligation to accept for exchange the LINN
units validly tendered in the Exchange Offer is subject to the
effectiveness of the Registration Statement on Form S-4 filed with
the U.S. Securities and Exchange Commission on March 22, 2016, as
amended by Amendment No. 1 to Registration Statement on Form S-4,
filed with the SEC on April 6, 2016, and Amendment No. 2 to
Registration Statement on Form S-4, filed with the SEC on April 18,
2016, of which the Prospectus is a part, and the lack of legal
prohibitions.

Houston-based LinnCo, LLC is a Delaware limited liability company
whose initial sole purpose was to own units representing limited
liability company interests in its affiliate, Linn Energy LLC (LINN
Energy).  LINN Energy is an independent oil and natural gas company
that trades on the NASDAQ Global Select Market (NASDAQ) under the
symbol "LINE."

As of Dec. 31, 2015, Linnco LLC had $37.4 million in total assets,
$30.4 million in total liabilities, all current, and $7 million in
shareholders' equity.

KPMG LLP, in Houston, Texas, issued a "going concern" qualification
in its report on the consolidated financial statements for the year
ended Dec. 31, 2015, citing that the Company had income taxes
payable of approximately $30 million and cash of approximately $11
million.  The Company's only significant asset is its interest in
LINN Energy units and the Company's cash flow, which was
historically used to pay dividends to the Company's shareholders,
is completely dependent upon the ability of LINN Energy to make
distributions to its unitholders.  In October 2015, LINN Energy
suspended the payment of its distribution.  Accordingly, the
uncertainty associated with the Company's ability to meet its
obligations as they become due raises substantial doubt about its
ability to continue as a going concern.


LJBV LTD: Voluntary Chapter 11 Case Summary
-------------------------------------------
Debtor: LJBV, Ltd.
        36 W. Randolph, Suite 800
        Chicago, IL 60601

Case No.: 16-13282

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: April 19, 2016

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

Judge: Hon. Timothy A. Barnes

Debtor's Counsel: Gregory J Jordan, Esq.
                  JORDAN & ZITO LLC
                  55 West Monroe St., Suite 3600
                  Chicago, IL 60603
                  Tel: (312) 854-7181
                  Fax: 312-276-9285
                  E-mail: gjordan@jz-llc.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Robert Rothstein, secretary.

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


LOUISIANA PELLETS: Meeting of Creditors Reset to May 4
------------------------------------------------------
The U.S. Trustee rescheduled to May 4,2016, at 2:00 p.m., the
meeting of creditors in the Chapter 11 cases of Louisiana Pellets,
Inc. and German Pellets Louisiana, LLC.  The meeting will held at
341 Meeting Room, Alexandria, Room 124.

The notice was filed by Richard Drew on behalf of Office of U. S.
Trustee.

As reported by the Troubled Company Reporter on March 23, 2016, the
meeting was scheduled for  April 6, at the 2nd Floor, Bankruptcy
Courtroom, 300 Jackson St., Alexandria, LA.

                     About Louisiana Pellets

Louisiana Pellets, Inc and German Pellets Louisiana, LLC are
members of the "German Pellets" family of companies, which is a
family of related companies centered in Wismar, Germany, operating
in the wood pellets industry.

LPI owns a wood pellet production facility located on 334 acres of
land in Urania, Louisiana.  The Facility is still under
construction and is not yet fully complete or operational.  GPLA
is
the general contractor for construction of the Facility.  A
contract is in place with E.ON UK PLC (a United Kingdom utility
company) to purchase the wood pellet production from the Facility.

LPI and PLA sought Chapter 11 protection (Bankr. W.D. La., Lead
Case No. 16-80162) on Feb. 18, 2016, due to cost overruns and
delays in the course of construction of their
still-to-be-completed
wood pellet production facility.  The petitions were signed by
Anna-Kathrin Leibold, president and chief executive officer.  The
Hon. John W. Kolwe presides over the case.

Louisiana Pellets, Inc., estimated assets and debts at $100
million
to $500 million.  German Pellets estimated assets and debts at $50
million to $100 million.

The Debtors tapped Locke Lord LLP, as counsel.

                           *     *     *

According to the docket, the Debtor's Chapter 11 plan and
Disclosure Statement are due June 17, 2016.  A status conference
hearing is scheduled for July 6, 2016, at 9:30 a.m.


MAGNUM HUNTER: Bankruptcy Court Confirms Chapter 11 Plan
--------------------------------------------------------
Magnum Hunter Resources Corporation and certain of its wholly-owned
subsidiaries (collectively, the "Company" or "Magnum Hunter") on
April 20 disclosed that the Bankruptcy Court for the District of
Delaware has confirmed Magnum Hunter's chapter 11 plan of
reorganization.  Confirmation of Magnum Hunter's chapter 11 plan is
a critical and near-final step toward its emergence from chapter
11, which will conclude a balance sheet restructuring process that
de-leverages substantially all of Magnum Hunter's pre-bankruptcy
funded indebtedness and converts 100% of its post-filing
debtor-in-possession ("DIP") financing into equity pursuant to a
consensual debt-to-equity exchange.

Magnum Hunter filed for chapter 11 protection on December 15, 2015.
Prior to commencing the chapter 11 cases, Magnum Hunter entered
into a restructuring support agreement with lenders holding 75% in
aggregate principal amount of its pre-bankruptcy funded debt
claims, pursuant to which the lenders agreed to support Magnum
Hunter's chapter 11 process and convert 100% of their debt claims
to equity in the reorganized Company.  The Company's plan was
overwhelmingly accepted by creditors entitled to vote.  Magnum
Hunter anticipates that the plan will become effective and it will
emerge from bankruptcy on or before May 3, 2016.  The effectiveness
of the plan is contingent on the Company's satisfaction of a number
of conditions that are set forth in the plan and the order of the
Bankruptcy Court confirming the plan.  Magnum Hunter's balance
sheet restructuring is the result of the Company's diligent efforts
to meet the required milestones under the Restructuring Support
Agreement with the goal of achieving the best possible outcome for
all of the Company's constituents.  Following confirmation, Magnum
Hunter will work cooperatively with its constituents to emerge from
bankruptcy as a stronger company.

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

                        About Magnum Hunter

Magnum Hunter Resources Corporation is an oil and gas company
headquartered in Irving, Texas that primarily is engaged in the
acquisition, development, and production of oil and natural gas
reserves in the United States.  MHRC and its affiliates own
interests in approximately 431,643 net acres in total and have
proved reserves with an industry value of approximately $234.5
million as of December 31, 2015.  In the aggregate, MHRC generated
approximately $391.5 million in revenue from their operations in
2014 and generated approximately $169.3 million in revenues from
their operations for the ten months ended October 31, 2015.

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

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

The U.S. Trustee has named three members to the Official Committee
of Unsecured Creditors.  The Committee retains Ropes & Gray LLP as
counsel, Cole Schotz P.C. as Delaware co-counsel, and Berkeley
Research Group, LLC as its financial advisor.

Judge Kevin Gross of the U.S. Bankruptcy Court for the District of
Delaware has approved the disclosure statement explaining Magnum
Hunter's Second Amended Joint Chapter 11 Plan of Reorganization.
The hearing to consider confirmation of the Plan has been moved
from March 31, 2016, to April 18, 2016.


MAGNUM HUNTER: Court Denies Bid to Form Equity Committee
--------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware, for reasons
stated on the record at the hearing on April 18, 2016, denied a
motion to appoint an official committee of equity holders in the
Chapter 11 cases of Magnum Hunter Resources Corp. and its
affiliates.

As previously reported by The Troubled Company Reporter, the
Requesting Holders argue that the Court should direct the United
States Trustee to appoint an official committee of equity security
holders based on three general assertions: (a) the Debtors are not
hopelessly insolvent based on their prepetition book value of
approximately $1.5 billion; (b) the Debtors have not been
transparent with respect to the marketing efforts related to and
have otherwise undervalued their 44.53% equity interest in Eureka
Hunter Holdings, LLC; and (c) various conflicts of interest exist
that require investigation by an Equity Committee.

The Debtors objected to the requests for the appointment of an
official equity committee, holding that while
the Debtors are sympathetic to the financial impact of these
Chapter 11 cases on the Requesting Holders, sympathy does not trump
the Bankruptcy Code's rigid priority scheme.  The Debtors assert
that as the evidence presented in support of confirmation of the
Debtors' proposed Chapter 11 plan of reorganization will show, the
Debtors' enterprise valuation simply does not support a recovery
for equity security holders in these cases.

The U.S. Trustee also complained that there is a high bar for
shareholders to meet in order to gain a louder voice in a chapter
11 case, which the official says the Magnum Hunter shareholders
have so far failed to surmount.

                       About Magnum Hunter

Magnum Hunter Resources Corporation is an oil and gas company
headquartered in Irving, Texas that primarily is engaged in the
acquisition, development, and production of oil and natural gas
reserves in the United States.  MHRC and its affiliates own
interests in approximately 431,643 net acres in total and have
proved reserves with an industry value of approximately $234.5
million as of December 31, 2015.  In the aggregate, MHRC generated
approximately $391.5 million in revenue from their operations in
2014 and generated approximately $169.3 million in revenues from
their operations for the ten months ended October 31, 2015.

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

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

The U.S. Trustee has named three members to the Official Committee
of Unsecured Creditors.  The Committee retains Ropes & Gray LLP as
counsel, Cole Schotz P.C. as Delaware co-counsel, and Berkeley
Research Group, LLC as its financial advisor.

Judge Kevin Gross of the U.S. Bankruptcy Court for the District of
Delaware has approved the disclosure statement explaining Magnum
Hunter's Second Amended Joint Chapter 11 Plan of Reorganization.


MAURY ROSENBERG: Bankr. Rules Must Be Followed for Filing Deadlines
-------------------------------------------------------------------
Diane Davis, writing for Bloomberg Brief, reported that a district
court must follow the Federal Rules of Bankruptcy Procedure rather
than the Federal Rules of Civil Procedure when trying a case
arising under the Bankruptcy Code and addressing a motion for
judgment notwithstanding the verdict, the U.S. Court of Appeals for
the Eleventh Circuit held April 8 in the case concerning individual
debtor Maury Rosenberg.

According to the report, in November 2008, Jane Fox, on behalf of
several companies (defendants/appellees DVI Receivables) filed an
involuntary Chapter 7 bankruptcy petition against
plaintiff/appellant Maury
Rosenberg, asserting a claim based on an individual limited
guaranty Rosenberg had made in connection with equipment leases for
medical imaging centers.

In the April 8 decision, Judge Stanley Marcus concluded that the
plain language of the rules and the weight of authority require the
application  of the Bankruptcy Rules to bankruptcy proceedings
tried in a district court, the report related.  Because the
defendants' motion for judgment notwithstanding the verdict was
filed after the expiration of the deadline for filing such motions
under the Bankruptcy Rules, the defendants' motion was untimely and
should have been denied, the court said, the report further
related.


MGM RESORTS: CityCenter Reports $301.5 Million Q1 Net Revenues
--------------------------------------------------------------
In connection with the announced sale of The Shops at Crystals on
April 15, 2016, information relating to CityCenter Holdings, LLC,
which is 50% owned by a wholly owned subsidiary of MGM Resorts
International and 50% owned by Infinity World Development Corp (a
wholly owned subsidiary of Dubai World) was inadvertently
distributed by CityCenter's administrative agent to certain lenders
under CityCenter's senior secured credit agreement and included
certain unaudited financial information with respect to
CityCenter's fiscal quarter ended March 31, 2016.  The Company
disclosed with the Securities and Exchange Commission the
information below to satisfy any obligation it may have to disclose
such information under Regulation FD.

For the first quarter of 2016 CityCenter reported net revenues of
$301.5 million and a net loss of $59.7 million.  CityCenter also
reported an operating loss for the first quarter of 2016 of $27.1
million, which included $119.6 million in depreciation and
amortization expense (including $61.5 million of accelerated
depreciation associated with the scheduled April 2016 closure of
the Zarkana theatre) and a $1.4 million gain on property
transactions, net.  As a result of the sale of Crystals, net
revenue and operating loss excluded the results of operations of
Crystals that are presented as discontinued operations.

                       About MGM Resorts

MGM Resorts International (NYSE: MGM) a global hospitality
company, operating a portfolio of destination resort brands
including Bellagio, MGM Grand, Mandalay Bay and The Mirage. The
Company also owns 51% of MGM China Holdings Limited, which owns
the MGM Macau resort and casino and is in the process of
developing a gaming resort in Cotai, and 50% of CityCenter in Las
Vegas, which features ARIA resort and casino. For more
information about MGM Resorts International, visit the
Company’s
Web site at www.mgmresorts.com.

MGM Resorts reported a net loss attributable to the Company of
$447.72 million in 2015, a net loss attributable to the Company of
$149.87 million in 2014 and a net loss attributable to the Company
of $171.73 milion in 2013.

As of Dec. 31, 2015, MGM Resorts had $25.21 billion in total
assets, $17.45 billion in total liabilities and $7.76 billion in
total stockholders' equity.

                           *     *     *

As reported by the TCR on Nov. 14, 2011, Standard & Poor's Ratings
Services raised its corporate credit rating on MGM Resorts
International to 'B-' from 'CCC+'.   In March 2012, S&P revised
the outlook to positive from stable.

"The revision of our rating outlook to positive reflects strong
performance in 2011 and our expectation that MGM will continue to
benefit from the improving performance trends on the Las Vegas
Strip," S&P said.

In March 2012, Moody's Investors Service affirmed its B2 corporate
family rating and probability of default rating.  The affirmation
of MGM's B2 Corporate Family Rating reflects Moody's view that
positive lodging trends in Las Vegas will continue through 2012
which will help improve MGM's leverage and coverage metrics,
albeit modestly. Additionally, the company's declaration of a $400
million dividend ($204 million to MGM) from its 51% owned Macau
joint venture due to be paid shortly will also improve the
company's liquidity profile. The ratings also consider MGM's
recent bank amendment that resulted in about 50% of its
$3.5 billion senior credit facility being extended one year from
2014 to 2015.

As reported by the TCR on Sept. 29, 2014, Fitch Ratings has
upgraded MGM Resorts International's (MGM) and MGM China Holdings
Ltd's (MGM China) IDRs to 'B+' from 'B' and 'BB' from 'BB-',
respectively.  Fitch's upgrade of MGM's IDR to 'B+' and the
Positive Outlook reflect the company's strong performance on the
Las Vegas Strip and in Macau as well as Fitch's longer-term
positive outlooks for these markets.


MICROCHIP TECHNOLOGY: Egan-Jones Cuts LC Sr. Unsec. Rating to BB+
-----------------------------------------------------------------
Egan-Jones Ratings Company lowered the local currency senior
unsecured rating on debt issued by Microchip Technology Inc. to BB+
from BBB on April 4, 2016.  EJR also lowered the foreign currency
senior unsecured rating on debt issued by the Company to BB+ from
A.

Microchip Technology is an American manufacturer of
microcontroller, memory and analog semiconductors.



MONGE PROPERTY: Marney Avenue Property Sold for $410,000
--------------------------------------------------------
Monge Property Investments, Inc., on April 19, 2016, won approval
from Judge Thomas B. Donovan to sell the property located at 1890
Marney Avenue, in Los Angeles, California, to Jessica Zaylia for a
sale price of $410,501.  A sale hearing was held April 13 and no
overbidders were present at the hearing.  MPI is authorized to pay
Remax 6000 Realty a commission of 4.5% of the sale price.
Following payment of the broker's fee and ordinary selling
expenses, the Debtor will pay the principal balance of the purchase
price to JPMorgan Chase Bank, the holder of the first deed of trust
on the property.

Monge Property Investments, Inc., sought Chapter 11 protection
(Bankr. C.D. Cal. Case No. 12-29275) in Los Angeles, California, on
May 31, 2012.  The Debtor estimated $1,000,001 to $10,000,000 in
assets and $100,001 to $500,000 in debt.

The Debtor's attorneys:

         David M. Reeder, Esq.
         VALENSI ROSE, PLC
         1888 Century Park East, Suite 1100
         Los Angeles, CA 90067
         Tel: (310) 277-8011
         Fax: (310) 277-1706
         E-mail: dmr@vrmlaw.com


NAS HOLDINGS: Bankruptcy Administrator Unable to Appoint Committee
------------------------------------------------------------------
William Miller, U. S. bankruptcy administrator, disclosed in a
court filing that no official committee of unsecured creditors has
been appointed in the Chapter 11 case of NAS Holdings, Inc.

NAS Holdings, Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. M.D.N.C., Case No. 16-50346) on April 1,
2016. The petition was signed by Neeket Vadgama, vice president.

The Debtor is represented by Kenneth Love, Esq., at Love and
Dillenbeck Law, PLLC. The case is assigned to Judge Catharine R.
Aron.

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


NATGASOLINE LLC: S&P Assigns Prelim. 'BB-' Rating on $250MM Bonds
-----------------------------------------------------------------
Standard & Poor's Ratings Services assigned its preliminary 'BB-'
project rating to methanol producer Natgasoline LLC's $50 million
senior revenue bonds series 2016A due 2031 and $200 million senior
revenue bonds series 2016B due 2031.  Mission Economic Development
Corp. of Texas is the issuer of this debt and Natgasoline LLC is
the obligor.  The outlook is stable.

The recovery rating on this debt is preliminary '1', reflecting
expectations for very high (90% to 100%) recovery the in case of a
default.

Additionally, S&P withdrew the preliminary 'BB-' rating on the
$1.16 billion amortizing debt due 2027, as well as the preliminary
recovery rating of '1'.  This debt is no longer part of the capital
structure.

"The rating reflects the project's construction phase and
operational phase risk profiles; we assess construction at the
'bb-' level and operations at the 'bb' level," said Standard &
Poor's credit analyst Michael Ferguson.  S&P's assessment of
construction phase risk stems from the use of a technology that is
considered proven, along with an established contractor and
sufficient funding, and construction that is more than 50%
complete.  The operations phase risk profile reflects expectation
of high availability and strong operations, offset by considerable
market risk on the input and output sides.

The stable rating outlook on Natgasoline reflects S&P's expectation
that the project will complete construction and begin producing
methanol during the latter part of 2017, and that its costs in
doing so will be in line with early estimates.  S&P believes that
the project will earn a minimum DSCR of about 2.76x, increasing
somewhat as methanol prices improve over time.

A downgrade or an outlook revision to negative could occur if
construction is delayed beyond S&P's expectations, such that
liquidity becomes constrained.  In addition, a sharp decline in
methanol pricing due to oversupply in the region or diminished
worldwide demand, or higher gas prices, could contribute to weaker
operations phase DSCRs.  Further, an ability to scale up to full
availability within the first year of operations could lower
ratings.

An upgrade or outlook revision to positive is unlikely to occur
during the construction phase, but could occur during the
operations phase if methanol prices improve considerably without a
related increase in natural gas pricing, perhaps due to supply
constraints or more robust-than-expected demand.



NEW GULF: Stroock Represents 11.75% Senior Secured Noteholders
--------------------------------------------------------------
To comply with Rule 2019 of the Federal Rules of Bankruptcy
Procedure, two law firms filed a First Supplemental Verified
Statement with the Bankruptcy Court this week disclosing their
representation of an Ad Hoc Committee of beneficial holders of
11.75% Senior Secured Notes Due 2019 issued pursuant to that
certain Indenture dated as of May 9, 2014, by and between New Gulf
Resources, LLC and NGR Finance Corp., as co-issuers, and The Bank
of New York Mellon Trust Company, N.A., as trustee and collateral
agent.

The lawyers are:

         Kristopher M. Hansen, Esq.
         Erez E. Gilad, Esq.
         Matthew G. Garofalo, Esq.
         STROOCK & STROOCK & LAVAN LLP
         180 Maiden Lane
         New York, New York 10038
         Telephone: (212) 806-5400

              - and -

         Daniel J. DeFranceschi (No. 2732)
         Rachel L. Biblo (No. 6012)
         RICHARDS, LAYTON & FINGER, P.A.
         One Rodney Square
         920 North King Street
         Wilmington, DE 19801
         Telephone: (302) 651-7700

The Ad Hoc Committee members and the nature and amount of their
disclosable economic interests in the Debtors are:

         Varde Partners, Inc.
         901 Marquette Ave S., Suite 3300
         Minneapolis, MN 55402

     $41,697,562.34 principal amount of DIP Loans
    $143,410,000.00 principal amount of Second Lien Notes
     $11,262,434.00 principal amount of Subordinated PIK Notes
             10,000 Series A Warrants

Millstreet Capital Management LLC
399 Boylston Street, Suite 501
Boston, MA 02116

     $15,189,182.46 principal amount of DIP Loans
     $52,240,000.00 principal amount of Second Lien Notes
     $12,562,555.00 principal amount of Subordinated PIK Notes
             22,202 Series A Warrants
PennantPark Investment Corporation
590 Madison Avenue, 15th Floor
New York, NY 10022

     $13,084,096.69 principal amount of DIP Loans
     $45,000,000.00 principal amount of Second Lien Notes
     $15,204,289.00 principal amount of Subordinated PIK Notes
             13,500 Series A Warrants

Castle Hill Asset Management LLP
42-44 Grosvenor Gardens
SW1W 0EB, London, UK

      $4,828,767.12 principal amount of DIP Loans
     $23,500,000.00 principal amount of Second Lien Notes

Verition Multi-Strategy Master Fund Ltd.
One American Lane
Greenwich, CT 06831

        $142,857.14 principal amount of DIP Loans
      $5,000,000.00 principal amount of Second Lien Notes
      $2,252,487.00 principal amount of Subordinated PIK Notes

BulwarkBay Credit Opportunities Master Fund Limited
75 Arlington Street, 5th Floor
Boston, MA 02116

         $57,534.25 principal amount of DIP Loans
      $1,050,000.00 principal amount of Second Lien Notes

                     About New Gulf Resources

Founded in 2011 and headquartered in Tulsa, Oklahoma, New Gulf
Resources is an independent oil and natural gas company engaged in
the acquisition, development, exploration and production of oil
and natural gas properties, focused primarily in the East Texas
Basin.

New Gulf Resources, LLC, NGR Holding Company LLC, NGR Texas, LLC,
and NGR Finance Corp. filed Chapter 11 bankruptcy petitions
(Bankr. D. Del. Lead Case No. 15-12566) on Dec. 17, 2015.  The
petitions was signed by Danni Morris as chief financial officer.

The Debtors have engaged Baker Botts L.L.P., as bankruptcy
counsel, Young, Conaway, Stargatt & Taylor, LLP as co-counsel,
Barclays Capital Inc., as investment banker, Zolfo Cooper, LLC as
financial advisor, and Prime Clerk LLC as claims and notice agent.
Judge Brendan Linehan Shannon has been assigned the case.

As reported earlier this week, the the U.S. Bankruptcy Court has
confirmed New Gulf Resources' First Amended Chapter 11 Plan of
Reorganization and related Disclosure Statement.


NORTH-SOUTH ENTITY: July 11 Fixed as General Claims Bar Date
------------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of North
Carolina established July 11, 2016, as the deadline to file proofs
of claim against North-South Entity, LLC.

The Court also set Aug. 30, 2016, as the deadline for governmental
units to file proofs of claim.

The U.S. Trustee scheduled an April 12 meeting of creditors at
Greenville 341 Meeting Room.

Additionally, the last day to file complaint is June 13, 2016.

Wrightsville Beach, North Carolina-based North-South Entity, LLC,
is a single asset real estate which filed for Chapter 11 protection
(Bankr. E.D. N.C. Case No. 16-01146) on March 3, 2016.  The
petition was signed by J. Whitney Honeycutt, president of NSH,
Inc., sole managing member of Debtor.

The Hon. David M. Warren presides over the case. Jason L. Hendren,
Esq., and Rebecca F. Redwine, Esq., at Hendren Redwine & Malone,
PLLC, represents the Debtor.  The Debtor estimated assets at $10
million to $50 million, and debts at $1 million to $10 million.


NUANCE COMMUNICATIONS: S&P Rates $242.5MM Facility 'BB+'
--------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'BB+' issue rating
and '1' recovery rating to Burlington, Mass.-based natural language
technology and imaging solutions provider Nuance Communications
Inc.'s $242.5 million senior secured revolving credit facility
expiring in April 2021.  The '1' recovery rating indicates S&P's
expectation of "very high" (90% to 100%) recovery in the event of
default.

At the same time, S&P affirmed its 'BB-' issue rating on Nuance
Communications' senior unsecured debt.  The '3' recovery rating
indicates S&P's expectation of "meaningful" (50% to 70%; lower half
of the range) recovery in the event of default.

On April 15, 2016, the company terminated its existing $75 million
revolver agreement expiring 2018.  S&P will withdraw its ratings on
that facility upon closing of the new revolving credit facility.

The company's increased revolver capacity does not affect S&P's
'BB-' corporate credit rating on the company.  The facility will
increase Nuance Communications' liquidity following its repayment
of a $125 million short-term promissory note that resulted from its
$500 million common share repurchase from Icahn Group in March
2016.  Nuance Communications' pro forma leverage (including S&P's
surplus cash adjustment) increased to about 4.6x from the high-3x
area as a consequence of the repurchase.  S&P expects Nuance
Communications' leverage to decline to the low-4x area within 12
months despite flat organic revenue growth as S&P anticipates its
cost savings initiatives to yield margin improvement and continued
good free operating cash flow over the next 12 months.

S&P's corporate credit rating on Nuance Communications reflects the
company's competition against larger industry players, high
research and development spending to maintain its competitive
position, and declining traditional health care transcription
business.  However, the company's leading position in voice and
language technology, significant recurring revenue base, and
diverse end-market exposure somewhat offset those factors.

RATINGS LIST

Nuance Communications Inc.
Corporate Credit Rating                BB-/Stable/--

New Rating

Nuance Communications Inc.
$242.5 mil. revolver due April 2021
Senior Secured                         BB+
  Recovery Rating                       1

Rating Affirmed

Nuance Communications Inc.
Senior Unsecured                       BB-
  Recovery Rating                       3L



OSL HOLDINGS: Typenex, et al., Report 9.99% Stake
-------------------------------------------------
In a Schedule 13D filed with the Securities and Exchange
Commission, Typenex Co-Investment, LLC, Red Cliffs Investments,
Inc., JVF Holdings, Inc., and John M. Fife disclosed that as of
April 18, 2016, they beneficially own 362,875,664 shares of common
stock of OSL Holdings representing 9.99 percent of the shares
outstanding.  A copy of the regulatory filing is available for free
at http://is.gd/D6kYNN

                      About OSL Holdings

OSL Holdings, Inc., provides consumer advocacy, social activism,
and civil liberties advancement services to enhance marketing and
activism in the United States.  It offers Equality Rewards, a
technology platform delivering consumer rewards programs that
facilitate customers with virtual currency that can be applied as
partial payment toward purchases transacted with participating
merchants; and OSL Medical Services, a management, future planning,
and services platform centered on the development and financing of
indoor gardens and cultivation facilities, production technologies,
merchandise, and operational services for herbal and natural
medicine industry.  The company is based in Yardley, Pennsylvania.

The Company's balance sheet at Nov. 30, 2014, showed $1.77 million
in total assets, $6.78 million in total liabilities and a
stockholders' deficit of $5.01 million.


OXYSURE THERAPEUTICS: Cancels Registration of Common Stock
----------------------------------------------------------
Oxysure Therapeutics, Inc. filed a Form 15 with the Securities and
Exchange Commission notifying the termination of registration of
its common stock, par value $0.0004 per share.

                   About OxySure Therapeutics

Frisco, Tex.-based OxySure Therapeutics, Inc., formerly known as
OxySure Systems, Inc. (OTC QB: OXYS) is a medical technology
company that focuses on the design, manufacture and distribution of
specialty respiratory and emergency medical solutions.  The company
pioneered a safe and easy to use solution to produce medically pure
(USP) oxygen from inert powders.  The Company owns nine issued
patents and patents pending on this technology which makes the
provision of emergency oxygen safer, more accessible and easier to
use than traditional oxygen provision systems.

Oxysure Systems reported a net loss of $2.75 million in 2014
following a net loss of $712,000 in 2013.

As of Sept. 30, 2015, the Company had $4.42 million in total
assets, $2.24 million in total liabilities and $2.18 million in
total stockholders' equity.

Sadler, Gibb & Associates, LLC, in Salt Lake City, UT, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2014, citing that the
Company had accumulated losses of $18.0 million as of Dec. 31, 2014
which raises substantial doubt about its ability to continue as a
going concern.


PACIFIC EXPLORATION: Reaches Restructuring Agreement with Catalyst
------------------------------------------------------------------
Pacific Exploration & Production Corp. ("Pacific" or the "Company")
on April 19 disclosed that, with the support of: (i) an ad hoc
committee of holders of the Company's senior unsecured notes (the
"Ad Hoc Committee") and, (ii) certain of the Company's lenders
under its credit facilities (the "Supporting Bank Lenders"), it has
entered into an agreement with The Catalyst Capital Group Inc.
("Catalyst") in respect of a comprehensive financial restructuring
(the "Restructuring Transaction") that will significantly reduce
debt, improve liquidity, and best position the Company to navigate
the current oil price environment.

After an extensive competitive bid solicitation process involving
the submission of six bids and direct negotiations amongst the
respective bidders, the Ad Hoc Committee and the Supporting Bank
Lenders, the Board of Directors of the Company (the "Board"),
acting upon a recommendation from an independent committee of the
Board (the "Independent Committee"), has approved the Restructuring
Transaction.  In carrying out its review and recommendation, the
Independent Committee retained UBS Securities Canada Inc. as
independent financial advisor and Osler, Hoskin & Harcourt LLP as
independent legal counsel.

The Restructuring Transaction represents the culmination of a
thorough solicitation process with consensual and direct
negotiations among the Company, the Ad Hoc Committee, the
Supporting Bank Lenders and each of the bidders, including
Catalyst.  To facilitate this process, the Independent Committee
allowed all of the bidders to disclose their offers to, and
negotiate directly with, the Ad Hoc Committee and the Supporting
Bank Lenders after submitting their binding offers.

The Restructuring Transaction includes the following key features:

   -- The operations of the Company's subsidiaries (the "Pacific
Group") will continue as normal and without disruption.  It is
anticipated that all obligations to the Pacific Group's suppliers,
trade partners and contractors will continue to be met in the
ordinary course throughout this process and will be unaffected by
the Restructuring Transaction.  The Company's bank indebtedness and
indebtedness in respect of its senior unsecured notes will be
restructured as set out below.

   -- Implementation by way of a plan of arrangement pursuant to a
court-supervised process in Canada, together with appropriate
proceedings in Colombia under Law 1116 and in the United States.

   -- U.S.$500 million of debtor-in-possession financing (the "DIP
Financing") less an original issue discount of 4% to be provided
jointly by certain of the Company's noteholders (collectively, the
"Funding Creditors") and Catalyst.  The Dip Financing will be
secured by a super priority lien over the assets of the Company and
the Pacific Group (including pledges or other security over shares
of the Pacific Group, inventory, bank accounts, accounts
receivable, and economic rights under exploration and production
contracts).

   -- The providers of the DIP Financing will receive warrants to
acquire their pro rata share of 25% of the fully diluted common
shares of the reorganized Company on implementation of the
Restructuring Transaction.

   -- The Funding Creditors to provide U.S.$250 million of the DIP
Financing (the "Creditor DIP Financing").  The Creditor DIP
Financing will not be repaid at exit of the Restructuring
Transaction and will convert into five-year secured notes on
customary terms.

   -- Catalyst has committed to providing U.S.$250 million of the
DIP Financing (the "Catalyst DIP Financing").  On implementation of
the Restructuring Transaction, the Catalyst DIP Financing will be
converted or exchanged for 16.8% of the common shares of the
reorganized Company.  Catalyst has agreed to backstop the Creditor
DIP Financing.

   -- The claims by the Company's creditors (collectively, the
"Affected Creditors") in respect of approximately U.S.$4.1 billion
of senior unsecured notes, approximately U.S.$1.2 billion of
obligations under its credit facilities, as well as the claims of
certain other unsecured creditors of the Company (but not of the
Company's subsidiaries), will be fully extinguished and exchanged
for 58.2% of the common shares of the reorganized Company (subject
in the case of the noteholders to dilution arising from the
Supporting Noteholder Consideration) (the "Affected Creditor
Consideration").

   -- In addition, any Affected Creditors will have the opportunity
to receive cash in lieu of some or all of the common shares of the
reorganized Company that they would otherwise be entitled to
receive, subject to the terms and limits of the Cash Out Offer.  It
is contemplated that the cash election (the "Cash Out Offer") will
be based on a structure which will be backstopped by Catalyst and
available to all Affected Creditors.  Specifically, Catalyst has
agreed to subscribe for no less than U.S.$200 million of equity in
the reorganized Company at an equity valuation of no less than
U.S.$800 million on the effective date of the Restructuring
Transaction.  There is no requirement for the Affected Creditors to
participate in the Cash Out Offer and to the extent it is not fully
taken up the Catalyst subscription for U.S.$200 million will be
reduced accordingly.  As the cash available under the Cash Out
Offer will be limited by the amount of the additional equity
subscribed for by Catalyst, under certain circumstances, the Cash
Out Offer may be subject to proration.

   -- On completion of the Restructuring Transaction, it is
contemplated that the fully diluted common shares in the
reorganized Company, not giving effect to: (i) any of the Affected
Creditors exercising or utilizing the Cash Out Offer, or (ii) any
distribution of the Supporting Noteholder Consideration, will be
allocated as follows:

Catalyst (including as a provider of the DIP Financing) 29.3%
Funding Creditors 12.5%
Affected Creditors 58.2%

   -- The Restructuring Transaction will result in a net reduction
of the Company's indebtedness by approximately U.S.$5 billion and a
net reduction in annual interest expense by approximately U.S.$253
million.  Following the conclusion of the Restructuring
Transaction, the U.S.$250 million of new secured notes will be the
only debt in the Company's capital structure outside of unfunded
facilities to support letters of credit or hedging activities.

   -- It is anticipated that certain of the Supporting Bank Lenders
will provide a letter of credit facility to the reorganized Company
of up to U.S.$120 million.

   -- The Company has agreed to a "no shop" provision with Catalyst
for a period of up to twelve weeks in accordance with the terms of
its commitment with Catalyst.

   -- Under the terms of the DIP Financing, a break fee equal to 5%
of the aggregate principal amount of the DIP Financing shall be
payable by the Company to Catalyst and the Funding Creditors in the
event the DIP Financing or the Restructuring Transaction is not
consummated in accordance with the terms of the DIP Financing.  The
Company has agreed to pay Catalyst's out of pocket expenses
incurred in connection with the Restructuring Transaction.

   -- No equity of the Company will be awarded to management or the
Company's Executive Co-Chairmen (other than pro rata treatment in
respect of any unsecured notes held by them) on implementation of
the Restructuring Transaction.

   -- Given the significant impairments to the Company's bank
indebtedness and indebtedness in respect of its senior unsecured
notes (and the treatment of such indebtedness pursuant to the
Restructuring Transaction), the Company's existing outstanding
common shares will be (i) cancelled for no consideration, or (ii)
subject to extensive dilution such that, following the completion
of the Restructuring Transaction, existing holders of common shares
will hold in the aggregate only a nominal amount of the reorganized
Company's equity and associated voting power.

   -- The Company's operations will continue as normal and without
disruption.

   -- The DIP Financing and the Restructuring Transaction will be
subject to certain conditions including creditor and court
approval, which will be sought as part of the court-supervised
restructuring process to be commenced.  Any filings necessary to
commence such process are not expected to be made immediately.

The Company believes that implementing a court-supervised and
consensual Restructuring Transaction represents the best
alternative for the long-term interests of the Company, the Pacific
Group, and the Pacific Group's approximately 2,400 employees and
more than 3,000 contract workers, suppliers, customers and other
stakeholders.

"We are pleased to have reached the terms of a Restructuring
Transaction that will significantly strengthen the Company and
ensure the long-term viability of the business, all without
impacting our ability to serve our customers, suppliers and other
stakeholders in the jurisdictions in which we operate, such as
Colombia and Peru," said Ronald Pantin, the Chief Executive Officer
of the Company.  "We are confident that the Company will emerge
from this process as a stronger entity, best-positioned to weather
the current oil price environment and capitalize on opportunities
once the market adjusts."

The Restructuring Transaction is expected to be consummated by the
end of the third quarter of 2016, subject to successfully obtaining
all relevant and required regulatory, creditor and court
approvals.

"Catalyst is very pleased to partner with the Company's creditors
on this transaction," said Gabriel de Alba, Managing Director and
Partner of Catalyst.  "We understand the importance of Pacific to
the countries in which it operates, including Colombia and Peru,
and we are eager to work with Pacific's local and international
stakeholders to complete this restructuring with a view to
establishing a stronger, long-term focused and soundly
recapitalized Company."

The Restructuring Transaction contemplates that certain members of
the Ad Hoc Committee and the Supporting Bank Lenders will enter
into a definitive support agreement (the "Support Agreement") in
respect of the Restructuring Transaction (collectively, the
"Supporting Creditors") pursuant to which the Supporting Creditors
will support and vote in favor of the Restructuring Transaction,
subject to the terms and conditions of the Support Agreement.  The
Company expects that the Supporting Creditors will obtain final
internal approvals to execute the Support Agreements with the
Company and Catalyst in the next few days.  Under the terms of the
Restructuring Transaction, it is anticipated that noteholders who
sign the Support Agreement (or a joinder thereto) on or before 5:00
p.m. (Toronto/ New York time) on April 29, 2016 shall receive their
pro rata share of 2.2% of the common shares of the reorganized
Company (the "Supporting Noteholder Consideration").  The amount of
the Supporting Noteholder Consideration will be funded from the pro
rata portion of the Affected Creditors Consideration otherwise
allocated to the Company's noteholders under the terms of the
Restructuring Transaction.  Details on how to become a Supporting
Creditor in order to be eligible to receive the Supporting
Noteholder Consideration will be provided by the Company shortly by
way of press release.

All operations of the Pacific Group are expected to continue as
normal throughout this process.  Importantly, the Company expects
regular payments will be made to all of the Pacific Group's
suppliers, trade partners, and contractors across the jurisdictions
in which it operates in accordance with local regulations.
Additionally, employees will continue to be paid throughout this
process, without disruption.  The Company's bank indebtedness and
indebtedness in respect of its senior unsecured notes will be
restructured pursuant to the terms of the Restructuring Transaction
as set out above.

The Restructuring Transaction contemplates the appointment of a
chief restructuring officer and a deputy chief financial officer
acceptable to Catalyst, the Supporting Creditors and the
Independent Committee.  At the completion of the Restructuring
Transaction, the new board of directors of the Company (the "New
Board") will be comprised of seven members, which will have three
nominees selected by Catalyst, two independent nominees jointly
selected by Catalyst and the Supporting Creditors, one individual
proposed by the Ad Hoc Committee and one individual proposed by the
Supporting Bank Lenders.  Key management positions of the Company
will need to be affirmed by the New Board on completion of the
Restructuring Transaction.  The New Board will work to implement a
strong governance framework to guide the Company going forward.

Following implementation of the Restructuring Transaction, the
Company will implement a new Management Incentive Plan on terms to
be determined by the New Board.  Any equity interests in the
reorganized Company granted post-closing under the Management
Incentive Plan will vest over a three-year period and the Company
will not issue more than 10% of its equity under the Management
Incentive Plan.  All equity interests in the Company upon
implementation of the Restructuring Transaction are subject to
dilution on a pro rata basis as a result of the Management
Incentive Plan, once implemented.

The Company is being advised by Lazard Freres & Co. LLC, Norton
Rose Fulbright Canada LLP (Canada), Proskauer Rose LLP (U.S.),
Zolfo Cooper (U.S.) and Garrigues (Colombia).  The Independent
Committee is being advised by Osler, Hoskin & Harcourt LLP and UBS
Securities Canada Inc. Catalyst is being advised by Brown Rudnick
LLP (U.S.), McMillan LLP (Canada) and GMP Securities L.P.

Shareholders are reminded that any questions or concerns can be
directed to the Company at ir@pacificcorp.energy

                     About Pacific Exploration

Pacific Exploration & Production Corp. is a Canadian public company
and a leading explorer and producer of natural gas and crude oil,
with operations focused in Latin America.  The Company has a
diversified portfolio of assets with interests in more than 70
exploration and production blocks in various countries including
Colombia, Peru, Guatemala, Brazil, Guyana and Belize. The Company's
strategy is focused on sustainable growth in production & reserves
and cash generation.  

The Troubled Company Reporter-Latin America, on Feb. 23, 2016,
reported that Fitch Ratings says that the agency could downgrade
its ratings on Pacific Exploration and Production Corp. (Pacific;
Long-term Foreign and Local Currency Issuer Default Ratings of 'C')
to restricted default (RD).  This could occur after the expiration
of the recently negotiated extension with bondholders of the time
in which to declare principal due and payable on certain notes.
Fitch considers the extension of multiple waivers or forbearance
periods upon a payment default a restricted default given they
represent a material reduction in terms compared with the original
contractual terms.  Furthermore, the extension of multiple waivers
can be interpreted as a tool that is being conducted in order to
avoid bankruptcy.

                        *     *     *


On April 7, 2016, the TCR reported that Fitch Ratings downgraded
Pacific Exploration and Production Corp.'s (Pacific) Foreign and
Local Currency Long-term Issuer Default Ratings (IDRs) to
restricted default 'RD' from 'C'.  Concurrently, Fitch affirmed the
'C/RR4' long-term rating on Pacific's outstanding senior unsecured
debt issuances totaling approximately USD4 billion with final
maturities in 2019 through and 2025.

On Jan. 21, 2016, the TCR reported that Moody's Investors Service
has downgraded Pacific Exploration & Production Corp. (Pacific
E&P)'s corporate family rating and senior unsecured debt ratings to
C from Caa3.

The TCR, on Jan. 20, 2016, reported that Standard & Poor's Ratings
Services said it lowered its long-term corporate credit and
issue-level ratings on Pacific Exploration and Production Corp.
(Pacific) to 'CC' from 'CCC+'.  S&P also removed the rating from
CreditWatch with negative implications.  The outlook is negative.

On Jan. 14, 2016, Pacific announced that it has elected to utilize
the 30 day grace period rather than make the interest payments due
on Jan. 19, 2016 and Jan. 26, 2016 of about $65 million.  Although
the company is still current on those obligations, S&P expects
default to be a virtual certainty.


PACIFIC EXPLORATION: TSX Suspends Listing of Common Shares
----------------------------------------------------------
Pacific Exploration & Production Corp. on April 19 disclosed that
the Company has received notice from the Toronto Stock Exchange
(the "TSX") that the TSX has suspended the Company's common shares
immediately while the TSX reviews the Company's continued
eligibility for listing under the TSX's Expedited Review Process.
Trading in the Company's common shares has also been suspended on
La Bolsa de Valores de Colombia (the Bogota stock exchange) (the
"BVC").

The suspension and possible delisting are based on the Company's
announcement on April 19, 2016 that with the support of: (i) an ad
hoc committee of holders of the Company's senior unsecured notes
and, (ii) certain of the Company's lenders under its credit
facilities, it has entered into an agreement with The Catalyst
Capital Group Inc. in respect of a comprehensive financial
restructuring (the "Restructuring Transaction") that will
significantly reduce debt, improve liquidity, and best position the
Company to navigate the current oil price environment.  Given the
significant impairments to the Company's bank indebtedness and
indebtedness in respect of its senior unsecured notes (and the
treatment of such indebtedness pursuant to the Restructuring
Transaction), the Company's existing outstanding common shares will
be (i) cancelled for no consideration, or (ii) subject to extensive
dilution such that, following completion of the Restructuring
Transaction, existing holders of common shares will hold in the
aggregate only a nominal amount of the reorganized Company's equity
and associated voting power.

A hearing to decide whether to delist the Company's common shares
from the TSX is currently scheduled for April 25, 2016.  The
Company does not intend to make any submissions at the hearing and
therefore it is expected that the Company's common shares will be
delisted from the TSX on or about May 25, 2016 .

The Company is in the process of determining the impact of the
Restructuring Transaction on its common shares listed for trading
on the BVC.

                   About Pacific Exploration

Pacific Exploration & Production Corp. is a Canadian public company
and a leading explorer and producer of natural gas and crude oil,
with operations focused in Latin America.  The Company has a
diversified portfolio of assets with interests in more than 70
exploration and production blocks in various countries including
Colombia, Peru, Guatemala, Brazil, Guyana and Belize. The Company's
strategy is focused on sustainable growth in production & reserves
and cash generation.  

The Troubled Company Reporter-Latin America, on Feb. 23, 2016,
reported that Fitch Ratings says that the agency could downgrade
its ratings on Pacific Exploration and Production Corp. (Pacific;
Long-term Foreign and Local Currency Issuer Default Ratings of 'C')
to restricted default (RD).  This could occur after the expiration
of the recently negotiated extension with bondholders of the time
in which to declare principal due and payable on certain notes.
Fitch considers the extension of multiple waivers or forbearance
periods upon a payment default a restricted default given they
represent a material reduction in terms compared with the original
contractual terms.  Furthermore, the extension of multiple waivers
can be interpreted as a tool that is being conducted in order to
avoid bankruptcy.

                        *     *     *


On April 7, 2016, the TCR reported that Fitch Ratings downgraded
Pacific Exploration and Production Corp.'s (Pacific) Foreign and
Local Currency Long-term Issuer Default Ratings (IDRs) to
restricted default 'RD' from 'C'.  Concurrently, Fitch affirmed the
'C/RR4' long-term rating on Pacific's outstanding senior unsecured
debt issuances totaling approximately USD4 billion with final
maturities in 2019 through and 2025.

On Jan. 21, 2016, the TCR reported that Moody's Investors Service
has downgraded Pacific Exploration & Production Corp (Pacific
E&P)'s corporate family rating and senior unsecured debt ratings to
C from Caa3.

The TCR, on Jan. 20, 2016, reported that Standard & Poor's Ratings
Services said it lowered its long-term corporate credit and
issue-level ratings on Pacific Exploration and Production Corp.
(Pacific) to 'CC' from 'CCC+'.  S&P also removed the rating from
CreditWatch with negative implications.  The outlook is negative.

On Jan. 14, 2016, Pacific announced that it has elected to utilize
the 30 day grace period rather than make the interest payments due
on Jan. 19, 2016 and Jan. 26, 2016 of about $65 million.  Although
the company is still current on those obligations, S&P expects
default to be a virtual certainty.


PACIFIC SUNWEAR: Mirick O'Connell Representing Multiple Landlords
-----------------------------------------------------------------
To comply with Rule 2019 of the Federal Rules of Bankruptcy
Procedure two law firms disclosed last week that they represent to
landlords of Pacific Sunwear of California, Inc., in its chapter 11
proceeding.  

The landlords are:

     (A) CambridgeSide Galleria Associates Trust (formerly known as
Riverside Galleria Associates Trust) in connection with its lease
of space at the CambridgeSide Galleria in Cambridge, Mass., to
Pacific Sunwear Stores Corp.;

     (B) Palm Beach Outlets I, LLC, in connection with its lease of
space at the Palm Beach Outlets in West Palm Beach, Fla., to
Pacific Sunwear; and

     (C) Outlets of Michigan LLC in connection with its lease of
space at a shopping center to be known or to be known as the
Outlets of Michigan in Romulus, Mich.

The law firms also represent the landlords' managing agent:

          New England Development
          One Wells Avenue
          Newton, MA 02159-3211.

The lawyers are:

          Paul W. Carey, Esq.
          Gina Barbieri O'Neil, Esq.
          Kate P. Foley, Esq.
          Mirick, O’Connell, DeMallie & Lougee, LLP
          100 Front Street
          Worcester, MA 01608-1477
          Tel: (508) 791-8500
          E-mail: pcarey@mirickoconnell.com
                  goneil@mirickoconnell.com
                  kfoley@mirickoconnell.com

               - and -

          Elihu E. Allinson III, Esq.
          SULLIVAN . HAZELTINE . ALLINSON LLC
          901 North Market Street, Suite 1300
          Wilmington, DE 19801
          Tel: (302) 428-8191


PACIFIC SUNWEAR: U.S. Trustee Forms 7-Member Committee
------------------------------------------------------
Andrew Vara, acting U.S. trustee for Region 3, on April 19
appointed seven creditors of Pacific Sunwear of California, Inc.,
to serve on the official committee of unsecured creditors.

The committee members are:

     (1) Charles Pfeiffer, Class Action Plaintiff
         c/o Capstone Law APC
         Attn: Melissa Grant
         1840 Century Park E.
         Los Angeles, CA 90067
         Phone: 310-556-4811
         Fax: 310-943-0396

     (2) Nike USA, Inc.
         Attn: Kim Stewart
         One Bowerman Dr.
         Beaverton, OH 97005
         Phone: 503-532-7856
         Fax: 503-820-3008

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

     (4) Hurley International LLC
         Attn: David Ridge
         1945-G Placentia Ave.
         Costa Mesa, CA 92627
         Phone: 949-548-9375 x 253217
         Fax: 949-864-0213

     (5) Sedunotex Co., Ltd.
         c/o Dragon Crowd Garment, Inc.
         Attn: J. Spencer
         275 McCormick Ave., Bldg. B
         Costa Mesa, CA 92626
         Phone: 714-361-9820
         Fax: 86-574-8797-1938

     (6) GGP Limited Partnership
         Attn: Julie Minnick Bowden
         110 N. Wacker Dr.
         Chicago, IL 60606
         Phone: 312-960-2707
         Fax: 312-442-6374

     (7) WP Glimcher Inc.
         Attn: Stephen E. Ifeduba
         180 W. Broad St.
         Columbus, OH 43215
         Phone: 614-621-9000
         Fax: 614-621-8863

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

                      About Pacific Sunwear

Founded in 1982 in Newport Beach, California as a surf shop,
Pacific Sunwear of California, Inc. operates in the teen and young
adult retail sector, selling men's and womens apparel, accessories,
and footwear. The Company went public in 1993 (NASDAQ: PSUN), and
peaked with 965 stores in 2006. At present, the Company has
approximately 593 retail locations nationwide under the names
"Pacific Sunwear" and "PacSun," which stores are principally in
mall locations. The Company has 2,000 full-time workers. Through
its ecommerce business, the Company operates an e-commerce site at
http://www.pacsun.com/

On April 7, 2016, Pacific Sunwear of California, Inc., and two
affiliated debtors each filed a voluntary petition for relief under
Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court
for the District of Delaware. The cases are pending before the
Honorable Laurie Selber Silverstein, and the Debtors have requested
joint administration of the cases under Case No. 16-10882.

The Debtors sought Chapter 11 protection with a Chapter 11 plan
that would convert debt into equity.

The Debtors tapped Young Conaway Stargatt & Taylor, LLP, and Klee,
Tuchin, Bogdanoff & Stern LLP as attorneys; FTI Consulting, Inc.,
as financial advisor; Guggenheim Securities, LLC, as investment
banker; and Prime Clerk LLC as claims and noticing agent.


PEABODY ENERGY: Ch. 11 Led Coal Operators' Default Risks Soaring
----------------------------------------------------------------
Phil Kuntz, writing for Bloomberg Brief, reported that Peabody
Energy Corp.'s bankruptcy filing likely won't be the coal
industry's last.

According to the report, about 70 percent of the sector's
Bloomberg-calculated default risks are now categorized as junk or
distressed, up from 57 percent a year ago.  With the Bloomberg
World Coal Index's 200-day average near an 11-year low, even
companies in investment-grade territory aren't immune, the report
said.  Default risks for more than half of them have increased, the
report related.

                       About Peabody Energy

Headquartered in St. Louis, Missouri, Peabody Energy Corporation
claims to be the world's largest private-sector coal company.  As
of Dec. 31, 2014, the Company owned interests in 26 active coal
mining operations located in the United States (U.S.) and
Australia.  The Company has a majority interest in 25 of those
mining operations and a 50% equity interest in the Middlemount
Mine
in Australia.  In addition to its mining operations, the Company
markets and brokers coal from other coal producers, both as
principal and agent, and trade coal and freight-related contracts
through trading and business offices in Australia, China, Germany,
India, Indonesia, Singapore, the United Kingdom and the U.S.

Peabody posted a net loss of $1.988 billion for 2015, wider from
the net loss of $777 million in 2014 and the $513 million net loss
in 2013.

At Dec. 31, 2015, the Company had total assets of $11.02 billion
against $10.1 billion in total liabilities, and stockholders'
equity of $918.5 million.

On April 13, 2016, Peabody Energy Corp. and 153 affiliates filed
voluntary petitions for relief under Chapter 11 of the United
States Bankruptcy Code.  The 154 cases are pending joint
administration before the Honorable Judge Barry S. Schermer under
Case No. 16-42529 in the U.S. Bankruptcy Court for the Eastern
District of Missouri.

As of the Petition Date, PEC has approximately $4.3 billion in
outstanding secured debt obligations and $4.5 billion in
outstanding unsecured debt obligations.

The Debtors tapped Jones Day as general counsel; Armstrong,
Teasdale LLP as local counsel; Lazard Freres & Co. LLC and
investment banker Lazard PTY Limited as investment banker; FTI
Consulting, Inc., as financial advisors; and Kurtzman Carson
Consultants, LLC, as claims, ballot and noticing agent.

                           *     *     *

A copy of the affidavit in support of the first-day motions is
available for free at:

    http://bankrupt.com/misc/Peabody_7_1st_Day_Affidavit.pdf


PERPETUAL ENERGY: S&P Lowers CCR to 'CC', Outlook Negative
----------------------------------------------------------
Standard & Poor's Ratings Services said it lowered its long-term
corporate credit rating on Calgary, Alta.-based Perpetual Energy
Inc. to 'CC' from 'CCC+'.  The outlook is negative.  At the same
time, Standard & Poor's lowered its issue-level rating on the
company's senior unsecured notes to 'C' from 'CCC'.  The recovery
rating is unchanged at '5', indicating S&P's expectation of modest
recovery (10% to 30%; in the high end of the range) in the event of
a default.

The downgrade follows Perpetual's announcement that it has launched
a securities swap proposal to existing holders of its 8.75% senior
unsecured notes (both due 2018 and 2019) for shares of Tourmaline
Oil Corp. held by the company.  Based on current market values,
Standard & Poor's estimates the total considerations offered equals
about 55% of the bonds' par value. The expected closing date is
April 27, 2016.  "We view the transaction as a distressed exchange
because investors will receive less than what was promised on the
original securities," said Standard & Poor's credit analyst
Michelle Dathorne.

Perpetual also announced its intention to enter a $20 million-$25
million margin loan arrangement, which extends the maturity to
April 30, 2017, from Oct. 31, 2016.  The proceeds will repay the
existing $42 million margin loan.  In addition, the company
announced that its available capacity under the revolving credit
facility was reduced to $6 million from $20 million effective April
1, 2016, and with about $5.4 million of letter of credits
outstanding, there is effectively no availability under the
facility.

The outlook is negative.  S&P intends to lower the corporate credit
rating to 'SD' (selective default) and the senior unsecured notes
rating to 'D' on completion of the swap.  Subsequently, S&P would
reassess the company's prospective credit profile, and assign a
long-term corporate credit rating and outlook that would reflect
S&P's assessment of its business risk profile, as well as its
financial risk profile, based on its revised capital structure.

S&P could raise the ratings if the transaction does not close.



PETROLEUM PRODUCTS: July 11 Fixed as General Claims Bar Date
------------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Texas
established July 11, 2016, as the deadline for any individual or
entity to file proofs of claim against Petroleum Products &
Services, Inc.

The Court set Sept. 6, 2016, as the bar date for filing
governmental proofs of claim.

The U.S. Trustee has scheduled a meeting of creditors on April 12,
2016.

                   About Petroleum Products

Petroleum Products & Services, Inc .(d/b/a Wellhead Distributors
Int'l and dba WDi) distributes API-6A wellhead equipment and valves
used in the petroleum and natural gas industries.

The Company filed a Chapter 11 bankruptcy petition (Bankr. S.D.
Tex., Case No. 16-31201) on March 4, 2016.  Alejandro Kiss signed
the petition as president.  The Debtor estimated assets in the
range of $10 million to $50 million and liabilities of at least $10
million.

The Debtor has engaged Hoover Slovacek, LLP as counsel and Hirsch
Westheimer, P.C. as special litigation counsel.


PIONEER HEALTH: U.S. Trustee Forms 3-Member Committee
-----------------------------------------------------
Henry Hobbs, Jr., acting U.S. trustee for Region 5, on April 19
appointed three creditors of Pioneer Health Services, Inc. to serve
on the official committee of unsecured creditors.

The committee members are:

     (1) McKesson Technologies, Inc.
         Peter Young, OFC #4703
         5995 Windward Parkway
         Alpharetta, GA 30005
         Tel: (404) 338-2384

     (2) Cardinal Health 200, LLC &
         Cardinal Health 414, LLC
         Brad Phister
         7000 Cardinal Place
         Dublin, OH 43017
         Tel: (614) 553-3315

     (3) Scott Medical Imaging, LLC
         Mohammad Saleh
         730 Ridgewood Road, Suite C
         Ridgeland, MS 39157
         Tel: (601) 957-6447

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

                       About Pioneer Health

Pioneer Health Services, Inc. and its debtor-affiliates, including
Medicomp Inc., filing separate Chapter 11 bankruptcy petitions
(Bankr. S.D. Miss. Case No. 16-01119 to 16-01126) on March 30,
2016.  The Debtors provide healthcare services to rural
communities, and own and manage rural critical access hospitals.

Judge Hon. Neil P. Olack presides over the Debtors' cases.  The Law
Offices of Craig M. Geno PLLC serves as the Debtors' counsel.

Pioneer Health Services estimated $10 million to $50 million in
both assets and liabilities.  The petitions were signed by Joseph
S. McNulty III, president.


PREMIER GOLF: Cajon Objects to Further Extension of Exclusivity
---------------------------------------------------------------
Cottonwood Cajon ES, LLC, objects to Premier Golf Properties, LP's
Ex Parte Motion for Order Extending Time to File Disclosure
Statement, and asks the U.S. Bankruptcy Court to deny such motion,
complaining that the Motion to Extend is nothing more than the
Debtor's last ditch effort to delay the evitable determination that
it is not able to propose a plan that has any hope or prospect of
being approved.

Cajon asserts that the Debtor does not have nor will it obtain the
necessary financing to fund its plan.  Any further delay will only
harm Cajon as the claims arising from real property taxes further
encumber Cajon's collateral, Cajon tells the Court.

                   *     *     *

Hon. Christopher B. Latham of the U.S. Bankruptcy Court for the
Southern District of California ordered that the April 1, 2016
deadline for filing of Premier Golf Properties' Disclosure
Statement, the May 2, 2016 opposition deadline, and the May 9, 2016
reply deadline are vacated, and restores to calendar the status
conference on the Chapter 11 petition to be held on April 27, 2016,
where the court will also consider setting a new deadline for
filing Debtor's Disclosure Statement.   

Cottonwood Cajon ES, LLC is represented by:

       Richard M. Pachulski, Esq.
       John W. Lucas, Esq.
       PACHULSKI STANG ZIEHL & JONES LLP
       10100 Santa Monica Blvd., 13th Floor
       Los Angeles, CA 90067
       Telephone: 310/277-6910
       Facsimile: 310/201-0760
       Email: rpachulski@pszjlaw.com
              lucas@pszjlaw.com  

       -- and --   

       Ronald Richards, Esq.
       LAW OFFICES OF RONALD RICHARDS & ASSOCIATES, APC
       P.O. Box 11480
       Beverly Hills, CA 90213
       Telephone: 310-556-1001
       Facsimile: 310-277-3325
       Email: ron@ronaldrichards.com

              About Premier Golf Properties

Premier Golf Properties, LP, conducts business under the name
"Cottonwood Golf Club."  The golf course and related operations are
located at 3121 Willow Glen Drive in the East County area of San
Diego known as Rancho San Diego, in the southern-most part of El
Cajon.  The golf course was built and commenced operations in 1962.
The property consists of a total of 283 acres, through which the
Sweetwater River meanders from east to west, and it is
approximately two miles in length.

Premier Golf Properties first sought Chapter 11 protection (Bankr.
S.D. Cal. Case No. 11-07388) on May 2, 2011.  The Debtor and Far
East National Bank, in December 2013 reached a settlement pursuant
to which FENB agreed to reduce its claim to $8.5 million and extend
the final balance payoff of $8.5 million to March 2016.  In April
2014, the case was dismissed pursuant to a joint motion of the
Debtor and FENB.

Premier Golf Properties again filed a Chapter 11 bankruptcy
petition (Bankr. S.D. Cal. Case No. 15-01068) on Feb. 24, 2015. The
new petition was signed by Daryl Idler, the secretary of Premier
Golf Property Management Inc, general partner.

Premier Golf Properties LP disclosed $44,363,923 in assets and
$19,228,427 in liabilities as of the Chapter 11 filing.  The
secured creditor is Cottonwood Cajon ES, LLC, which purchased the
note issued to FENB.

Jack Fitzmaurice, Esq., at Fitzmaurice & Demergian, serves as
counsel in the new Chapter 11 case.


PRICEVILLE PARTNERS: Taps Dealer's Auto Auction to Sell 97 Cars
---------------------------------------------------------------
Priceville Partners, LLC, is asking the U.S. Bankruptcy Court for
the Northern District of Alabama for approval to sell certain
vehicle inventory by public auction.  

The Debtor has identified 97 vehicles for sale.  A list of the
vehicles is attached as an exhibit to the Motion, which is
available for free at:

        http://bankrupt.com/misc/Priceville_49_Sale_M.pdf

Each vehicle will be offered for sale individually.  All sales will
be final, "as-is", and "where-is", with no warranty of any kind, to
the highest bidder.

The Debtor seeks to retain Dealer's Auto Auction of Huntsville,
LLC, and has filed a separate application to employ Dealer's Auto.
Dealer's Auto will charge a flat $150 fee per vehicle plus any
gasoline charges.

Prior to selling the Debtor's inventory, Dealer's Auto Auction will
market the cars through telemarketing, e-mail blasts and weekly
promotions on its Web site
https://www.dealersauto.com/locations/huntsville-alabama/9

There are no known liens, mortgages or other interests in the
property.

The Debtor's attorneys:

          Lee R. Benton, Esq.
          Samuel C. Stephens, Esq.
          BENTON & CENTENO, LLP
          2019 3rd Ave North
          Birmingham, AL 35203
          Tel: 205 278-8000
          E-mail: lbenton@bcattys.com
                  sstephens@bcattys.com

                     About Priceville Partners

Decatur, Alabama-based Priceville Partners, LLC, also known as
Performance Auto Sales, sought Chapter 11 protection (Bankr. N.D.
Ala. Case No. 16-80675) on March 4, 2016.  The case is assigned to
Judge Clifton R. Jessup Jr.

Lee R. Benton and Samuel C. Stephens, Esq., at Benton & Centeno,
LLP, are the Debtor's bankruptcy attorneys.  Andrew P. Campbell,
Esq., and Todd Campbell, Esq., at the Law Firm Of Campbell Guin,
LLC, have been tapped as special counsel.

The Debtor estimated $500,000 to $1 million in assets and $1
million to $10 million in debt.



PRIMORSK INTERNATIONAL: Hires Clarksons Platou as Broker
--------------------------------------------------------
Primorsk International Shipping Limited, et al., seek permission
from the U.S. Bankruptcy Court for the Southern District of New
York to employ Clarksons Platou AS as broker, nunc pro tunc to
April 8, 2016.

The Debtors require Clarksons Platou to provide the following
services:

   (a) identifying potential purchasers of the vessels;

   (b) assisting the Debtors with potential purchasers'
       inspections of the vessels and their records;

   (c) assisting the Debtors with the negotiation of the terms and

       conditions of each agreement in relation to the sale of
       each of the vessels, either on a vessel-by-vessel basis or
       "en bloc;"

   (d) assisting the Debtors with the provision of documentation
       for delivery of any of the vessels and the closing of the
       sale of each of the vessels;

   (e) making senior management available to give testimony and
       evidence in court regarding Clarksons Platou's services or
       the implementation of any sale agreement;  

   (f) providing regular reports to the Debtors regarding the
       offers received for each vessel and promptly providing the
       Debtors with such additional information as they may from
       time to time reasonably request; and

   (g) performing such other tasks as agreed by Clarksons Platou
       and the Debtors.

The Debtors will pay Clarksons Platou a commission fee on the sale
of each of the Vessels of 1% of the gross cash purchase price
payable by the relevant buyer or any Vessel under the relevant MOA
provided where such sale is pursuant to a set-off or credit
purchase, the Fee shall be equal to 0.75% of the amount of the
credit bid of any Vessel under the relevant MOA.  

Additionally, to the extent that Clarksons Platou needs to provide
testimony or other evidence to the Court regarding its services,
the Debtors intend to reimburse Clarksons  Platou for its
reasonable travel and hotel expenses.

Henning Leo Knudsen, head of Shipbroking at Clarksons Platou,
assured the Court that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code and does
not represent any interest adverse to the Debtors and their
estates.

Clarksons Platou can be reached at:

       Henning Leo Knudsen
       CLARKSONS PLATOU AS
       Munkedamsveien 62c
       0270 Oslo, Norway
       Tel: +47 23 11 24 18
       E-mail: henning.knudsen@clarksons.com

                    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.

The Debtor disclosed total assets of $6,018,821 and total
liabilities of $351,352,076 as of the Chapter 11 filing.

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



QUANTUM CORP: Announces Q4 Preliminary Results
----------------------------------------------
Quantum Corp announced preliminary results for the fiscal fourth
quarter 2016 ended March 31, 2016:

  * Total revenue was approximately $120 million, the midpoint of
    the company's January guidance range.

  * On a GAAP basis, Quantum expects operating income of
    approximately $5 million and earnings per diluted share of
    approximately $0.01, excluding a possible non-cash goodwill
    impairment charge for the quarter.  The amount of the charge
    will be finalized during the Company's annual audit and could
    range from $0 to $56 million, as stated in Quantum's Form 10-Q
    filing on Feb. 5, 2016.

  * On a non-GAAP basis, Quantum expects operating income of
    approximately $8.5 million and earnings per diluted share of
    approximately $0.02 for the fiscal fourth quarter.

"I'm pleased with the progress we made in the quarter, including
the combination of solid revenue and profitability which again
demonstrated the leverage in our financial model," said Jon Gacek,
president and CEO of Quantum.  "We also built a strong foundation
for fiscal 2017, extending our credit line beyond the current year
and securing a major, multi-year scale-out storage win for a large
cloud project that is expected to contribute significant revenue
over the course of fiscal 2017.  In fact, we expect this win and
our overall scale-out storage opportunity will result in
year-over-year total revenue growth in fiscal 2017 as well as
higher profitability and cash flow."

Quantum will provide more detailed financial results for the fourth
quarter and further discuss the Company's outlook for fiscal 2017
in its earnings announcement on May 10, 2016.

Earnings Conference Call and Audio Webcast Notification
Quantum will issue a news release on its fiscal fourth quarter
financial results on Tuesday, May 10, 2016, after the close of the
market.  The company will also hold a conference call and live
audio webcast to discuss these results that same day at 2:00 p.m.
PDT.  Press and industry analysts are invited to attend in
listen-only mode.

Dial-in number: 1-503-343-6063
Participant passcode: 90829818
Replay number: 1-404-537-3406
Replay passcode: 90829818
Replay expiration: May 17, 2016
Webcast site: www.quantum.com/investors

                         About Quantum Corp.

Based in San Jose, California, Quantum Corp. (NYSE:QTM) --
http://www.quantum.com/-- is a storage company specializing in
backup, recovery and archive.  Quantum provides a comprehensive,
integrated range of disk, tape, and software solutions supported
by a world-class sales and service organization.

Quantum reported net income of $16.7 million on $553 million of
total revenue for the year ended March 31, 2015, compared to a net
loss of $21.5 million on $553 million of total revenue for the
year
ended March 31, 2014.

As of Dec. 31, 2015, the Company had $278 million in total assets,
$355 million in total liabilities and a $76.9 million total
stockholders' deficit.


QUANTUM CORP: Extends Bank Credit Facility to August 2017
---------------------------------------------------------
Quantum Corp. announced it has amended its credit agreement with
Wells Fargo Capital Finance, LLC to extend the availability of its
credit line to Aug. 10, 2017.

In addition, the financial covenants were amended to change the
amount of excess availability the Company is required to maintain
over time.  The $5 million excess availability requirement will
increase by $1.5 million on June 1, 2016, and on the first day of
each September, December, March and June occurring thereafter.
The borrowing base has also been amended to change the maximum
amount of intellectual property assets which are included in the
borrowing base.  Currently, up to $32 million of intellectual
property assets may be included in the borrowing base, which amount
will be reduced by $1.5 million on the first day of each June,
September, December and March occurring after March 1, 2016.
Finally, within 60 days following the date of the Ninth Amendment,
the Company will facilitate and pay for a field examination,
inventory appraisal and intellectual property valuation.

A copy of the Ninth Amendment to Credit Agreement is available for
free at http://is.gd/ZrJXd2

                         About Quantum Corp.

Based in San Jose, California, Quantum Corp. (NYSE:QTM) --
http://www.quantum.com/-- is a storage company specializing in
backup, recovery and archive.  Quantum provides a comprehensive,
integrated range of disk, tape, and software solutions supported
by a world-class sales and service organization.

Quantum reported net income of $16.7 million on $553 million of
total revenue for the year ended March 31, 2015, compared to a net
loss of $21.5 million on $553 million of total revenue for the year
ended March 31, 2014.

As of Dec. 31, 2015, the Company had $278 million in total assets,
$355 million in total liabilities and a $76.9 million total
stockholders' deficit.


QUANTUM CORP: Names Fuad Ahmad Chief Financial Officer
------------------------------------------------------
Quantum Corp. announced that Fuad Ahmad has been appointed senior
vice president and CFO, effective April 15, 2016.  He brings 25
years of financial experience to the role, including over 12 years
as a CFO for three different public and private companies.  Ahmad
is currently a partner at FLG Partners LLC, a leading CFO
consulting and board advisory firm based in Silicon Valley.

"Fuad has a broad range of executive experience driving increased
growth and profitability in different technology sectors," said Jon
Gacek, president and CEO of Quantum.  "This experience will serve
Quantum well as we build on the progress we made in key areas
during fiscal 2016 and look to capitalize on our scale-out storage
opportunities, to further leverage our data protection assets and
to deliver greater shareholder value in this new fiscal year and
beyond."

Ahmad joined FLG Partners in 2013 and has been advising various
companies on matters ranging from scaling their operations and
growth and financing strategies to restructuring and
reorganizations.  Prior to FLG Partners, he was CFO of Sezmi Inc.,
a provider of cloud-based, turnkey video solutions for personalized
and multi-screen offerings serving telecommunications,
media/content and ISP companies.  During his tenure, Ahmad played a
central role in tripling revenue growth while reducing operating
expenses more than 50 percent.

From 2004 to 2010, Ahmad was senior vice president and CFO of
Globalstar Inc., an industry-leading provider of mobile satellite
voice and data services with operations in over 30 countries
servicing more than 650,000 subscribers. While at the company, he
led its IPO following a period of robust growth and profitability.

"The storage challenges posed by more demanding workflows and the
strength of Quantum's product portfolio in addressing these
challenges are providing new opportunities for the company, which
is reflected in the positive preliminary fourth quarter results
announced today," said Ahmad.  "I look forward to working with Jon
and the rest of the management team to capitalize fully on these
opportunities and deliver increased growth, profitability and cash
flow."

Mr. Ahmad has entered into an offer letter with the Company
pursuant to which his annual base salary will be calculated as a
percentage of the "Total Fee Basis" of $400,000, subject to review
and adjustment.

Additional information is available at no charge at:

                     http://is.gd/A1mi3U

                     About Quantum Corp.

Based in San Jose, California, Quantum Corp. (NYSE:QTM) --
http://www.quantum.com/-- is a storage company specializing in
backup, recovery and archive.  Quantum provides a comprehensive,
integrated range of disk, tape, and software solutions supported
by a world-class sales and service organization.

Quantum reported net income of $16.7 million on $553 million of
total revenue for the year ended March 31, 2015, compared to a net
loss of $21.5 million on $553 million of total revenue for the year
ended March 31, 2014.

As of Dec. 31, 2015, the Company had $278 million in total assets,
$355 million in total liabilities and a $76.9 million total
stockholders' deficit.


QUEST SOLUTION: Incurs $1.71 Million Net Loss in 2015
-----------------------------------------------------
Quest Solution, Inc. filed with the Securities and Exchange
Commission its annual report on Form 10-K disclosing a net loss of
$1.71 million on $63.9 million of total revenues for the year ended
Dec. 31, 2015, compared to net income of $301,649 on $37.3 million
of total revenues for the year ended Dec. 31, 2014.

As of Dec. 31, 2015, Quest Solution had $51.9 million in total
assets, $52.3 million in total liabilities and a total
stockholders' deficit of $471,367.

The Company's auditors RBSM LLP, in Leawood, Kansas, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2015, citing that
the Company has a working capital deficiency and significant
subordinated debt resulting from acquisitions.  These factors raise
substantial doubt about the Company's ability to continue as a
going concern.

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

                     http://is.gd/SORPiG

                     About Quest Solution

Quest Solution (formerly known as Amerigo Energy, Inc.) is a
national mobility systems integrator with a focus on design,
delivery, deployment and support of fully integrated mobile
solutions.  The Company takes a consultative approach by offering
end to end solutions that include hardware, software,
communications and full lifecycle management services.  The highly
tenured team of professionals simplifies the integration process
and delivers proven problem solving solutions backed by numerous
customer references.  Motorola, Intermec, Honeywell, Panasonic,
AirWatch, Wavelink, SOTI and Zebra are major suppliers which Quest
Solution uses in its systems.


RAYMOND POWERS: Asks Court to Extend Plan Exclusivity to July 15
----------------------------------------------------------------
Raymond Theodore Powers and Judith Ann Powers ask the U.S.
Bankruptcy Court for the District of Arizona for entry of an order
extending the exclusivity periods for filing and soliciting
acceptances of a plan of organization.

The Debtor requests an extension of the Exclusive Filing Period
pursuant to section 1121(d) of the Bankruptcy Code through and
including July 15, 2016 and the Exclusive Solicitation Period (as
hereinafter defined) through and including September 15, 2016
pursuant to section 1121(d) of the Bankruptcy Code, without
prejudice to the Debtor's right to seek additional extensions of
the Periods.

Section 1121(b) of the Bankruptcy Code provides for an initial
period of 120 days after the commencement of a chapter 11 case
during which a debtor has the exclusive right to file a chapter 11
plan.  Section 1121(c)(3) of the Bankruptcy Code provides that if a
debtor files a plan within the 120-day Exclusive Filing Period, it
has an exclusive period of 180 days from the commencement date to
obtain acceptances of its plan.

The Debtor's initial Exclusive Filing Period and Exclusive
Solicitation Period are currently set to expire on May 3, 2016 and
July 2, 2016, respectively.

The Debtor says ample cause exists to grant it the extensions of
the Exclusive Periods as, inter alia, (i) the Debtors' case
involves a lengthy, complex history of mortgage financing,
litigation and election of remedies by certain mortgage lenders and
other creditors, and unresolved tax reporting and tax assessment
issues that require substantial time and diligence to resolve; (ii)
neither the first mortgage lender nor what is believed to be the
second-position mortgage lender have filed proofs of claim to
enable the Debtor to formulate a chapter 11 plan; (iii) substantial
good faith has been shown by Debtor to the extent Debtor has sought
authority to commence adequate protection payments to both first
and second mortgage lenders and both are accepting payments; and
(iv) the Debtor has been paying postpetition obligations as they
become due.

Raymond Theodore Powers and Judith Ann Powers filed a Chapter 11
petition (Bankr. D. Ariz. Case No. 2:16-00094-EPB) on January 6,
2016, and is represented by:

         Anthony W. Clark, Esq.
         Anthony W. Clark and Associates, PLLC
         P.O. Box 34506
         Phoenix, AZ 85067
         Telephone: (602) 266-9596
         Facsimile: (602) 266-6774  
         E-mail: ecf@awcesq.com

On Feb. 8, 2016, the Office of the United States Trustee gave
notice that it declined, on an interim basis, to appoint an
Official Committee of Unsecured Creditors.


REGIONALCARE HOSPITAL: Moody's Assigns B2 CFR, Outlook Stable
-------------------------------------------------------------
Moody's Investors Service assigned a B2 Corporate Family Rating and
a B2-PD Probability of Default Rating to RegionalCare Hospital
Partners Holdings, Inc.  Moody's also assigned a Ba2 rating to
RegionalCare's proposed asset based revolving credit facility and a
B1 rating to the company's proposed senior secured notes.  The
rating outlook is stable.

Moody's understands that the proceeds of the note offering, along
with $350 million of senior unsecured notes (not rated by Moody's)
and $120 million of equity from Apollo Global Management, LLC, will
be used to acquire Capella Healthcare, Inc. from Medical Properties
Trust, Inc. and refinance existing debt at Capella and RCHP, Inc.
(a separate subsidiary within the corporate structure). The ratings
at RCHP, Inc. including its B3 CFR will be withdrawn at the close
of the transaction.  The combination of RegionalCare and Capella
will create an operating entity with a footprint of 18 hospitals in
12 states and pro forma revenue of about $1.6 billion.  Moody's
estimates that pro forma adjusted debt/EBITDA would have been about
7.0 times at Dec. 31, 2015, prior to consideration of any
synergies.

Following is a summary of Moody's rating actions on RegionalCare
Hospital Partners Holdings, Inc.:

Ratings assigned:

  Corporate Family Rating at B2
  Probability of Default Rating at B2-PD
  ABL revolving credit facility expiring 2021 at Ba2 (LGD 1)
  Senior secured notes due 2023 at B1 (LGD 3)

The rating outlook is stable

                        RATINGS RATIONALE

RegionalCare's B2 Corporate Family Rating reflects Moody's
expectation that the company will reduce its very high adjusted
debt to EBITDA leverage to a 6.0 times range by the end of 2017
through modest growth and realization of synergies.  Further, while
Moody's acknowledges the improvement in scale and diversification
resulting from the transaction, the company will continue to be
reliant on a small number of hospitals for a significant portion of
revenue and EBITDA.  Moody's also expects that RegionalCare will
actively pursue acquisitions in order to gain additional scale and
diversity.  The lack of prepayable debt in the capital structure,
including significant lease obligations, will require continued
growth at existing facilities as well as acquisitions in order to
meaningfully reduce leverage.  The rating is supported by Moody's
expectation of stable operating results, including healthy margins
and improving free cash flow, aided in part by the limited
competition for hospital services in many of the company's
markets.

Moody's expects that RegionalCare will maintain good liquidity over
the next 12-18 months.  Moody's anticipates that the company will
generate sufficient cash flow to fund its working capital needs as
well as maintenance capital expenditures.  Liquidity will also
include access to a $150 million revolver that is expected to be
undrawn at the close of the transaction.

The stable outlook reflects Moody's expectation that the company
can effectively merge the operations of Capella with its existing
hospital base without significant disruption and realize expected
synergies and cost savings.  Moody's also anticipates that the
company's operations will not be unduly burdened by the lease
obligations with MPT on the Capella facilities.  Moody's expects
RegionalCare to reduce leverage to around 6.0 times within the next
18 - 24 months.

The ratings could be upgraded if RegionalCare can continue to
increase its scale and diversification without detriment to its
credit metrics.  Further, RegionalCare will have to meaningfully
deleverage, such that adjusted debt to EBITDA will be sustained
below 5.0 times, prior to a ratings upgrade.  Additionally, the
company must generate significant free cash flow relative to debt
and maintain a level of reinvestment to contribute to further
growth.

The ratings could be downgraded if debt to EBITDA is expected to be
sustained above 6.0 times.  If RegionalCare experiences challenges
in merging the operations of Capella, ratings could also be
downgraded.  Finally, ratings could be downgraded if the company
cannot sustain a meaningful level of free cash flow with an
appropriate level of reinvestment or if liquidity weakens.

The senior secured notes will be secured by a pledge of assets of
those subsidiaries guaranteeing the debt.  However, hospitals in
six of the company's 16 markets are leased.  Therefore, the
collateral excludes the buildings and real estate and associated
with those operating subsidiaries.

RegionalCare Hospital Partners Holdings is an operator of general
acute care hospitals in non-urban markets in United States.  Pro
forma for the acquisition of Capella, the company will own or lease
16 hospitals in 12 states.  The company would have recognized pro
forma revenue of approximately $1.6 billion for the year ended Dec.
31, 2015.

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



REGIONALCARE HOSPITAL: S&P Assigns 'B' CCR, Outlook Stable
----------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'B' corporate
credit rating to Nashville, Tenn.-based RegionalCare Hospital
Partners Holdings Inc.  The outlook is stable.

RegionalCare will issue a $150 million asset-based lending (ABL)
facility, $800 million in senior secured notes, and $350 million in
senior unsecured notes to fund the transaction and repay
RegionalCare's and Capella's existing indebtedness.

S&P assigned a 'BB' rating to the company's proposed ABL revolving
credit facility with a '1+' recovery rating, indicating
expectations for full recovery in the event of a default.  In
addition, S&P assigned a 'B' rating and '3' recovery rating to the
senior secured notes.  The '3' recovery rating indicates
expectations for meaningful (50% to 70%, at the high end of the
range) in the event of a default.  S&P also assigned a 'CCC+'
rating and '6' recovery rating to the senior unsecured notes.  The
'6' recovery rating indicates expectations for negligible (0% to
10%) recovery in a default.

Once the merger closes, S&P will withdraw its 'B' rating on the
RegionalCare Hospital Partners.

"Following the merger with Capella Healthcare, the corporate credit
rating on RegionalCare will reflect the company's relatively small,
moderately diversified hospital portfolio, average profitability
[relative to its peers], and relatively high level of adjusted
leverage," said Standard & Poor's credit analyst James Uko.  S&P
expects RegionalCare to generate organic growth in line with the
expected health care growth rate for 2016, and excluding
unforeseen, adverse reimbursement changes, S&P projects EBITDA
margins to remain stable for the next few years.  In addition to
the Capella acquisition, S&P projects that these factors will lead
to modest cash flow generation in 2016 and 2017.

S&P's stable rating outlook on RegionalCare reflects S&P's view
that the company, despite pressures from an uncertain reimbursement
environment, will generate low- to mid-volume growth, maintain
steady EBITDA margins, and generate modest free operating cash
flows in 2016 and 2017, largely as a result of the Capella
acquisition.  S&P expects the company's leverage to remain around
5x for the next few years given the company's growth trajectory and
financial sponsor ownership.

S&P could lower the rating on RegionalCare if the company
experienced adverse reimbursement headwinds and significantly,
increased competition from local providers.  This would lead to
lower volumes, depressed margins, and minimal cash flows.  S&P
believes this downgrade would be triggered by a 400-basis-point
margin decline.

S&P could consider raising the rating if it believes RegionalCare
was likely to sustain leverage below 5x.  S&P finds this scenario
unlikely given its growth expectations and the company financial
sponsor ownership, which S&P believes will favor internal cash
flows being utilized for shareholder returns rather than permanent
debt reduction.



REPUBLIC AIRWAYS: Court Approves Seabury as Financial Advisor
-------------------------------------------------------------
The Hon. Sean H. Lane of the U.S. Bankruptcy Court for the Southern
District of New York authorized Republic Airways Holdings Inc., et
al., to employ Seabury Corporate Advisors LLC and Seabury
Securities LLC as financial advisor and investment banker, nunc pro
tunc to the Commencement Date.

The Court also ordered that:

   -- the aggregate amount of fees payable to Seabury will not
exceed $10,250,000;

   -- all Retainer Fees paid after the first 12 months of the cases
will be creditable against any Restructuring Success Fees, Debt &
Lease Restructuring Fee, Sale Success Fees, M&A Transaction Success
Fees, Equity Success Fee, Debt Success Fee, or DIP Success Fee;

   -- all hourly fees will be charged by Seabury to Republic at a
10% discount and the aggregate amount of such hourly fees will not
exceed $500,000;

   -- hourly fees for the 11 Seabury professionals will not be
charged: John Luth, Ginger Hughes, Alan Sbarra, Steve Tesoro,
Michael Cox, Michael Lypka, Neal Wesson, Patrick Henry Dowling,
Stephan Krastev, Justin Goldman, and Owen Orloff;  

   -- Seabury will not be entitled to more than one success fee for
completing a single M&A Transaction, Sale Transaction, Debt
Transaction, or DIP Loan Transaction, including but not limited to,
if a transaction converts into another with the initial fee due in
connection with such transaction credited against any later fees
that may become due; and

  -- Seabury will apply the $900,000 deposit received from Republic
to monthly invoices as incurred.

The Court futher ordered objections to the application that have
not been withdrawn or resolved were overruled in all respects.

In a supplemental declaration, John E. Luth, an executive chairman
of Seabury Corporate Advisors LLC and chairman, president & CEO of
Seabury Securities LLC, which maintains offices at 1350 Avenue of
the Americas, New York City, stated that Seabury is not a creditor
of Republic.  During the 90 days prior to the Commencement Date,
Seabury received from Republic the aggregate amount of $2,547,441
for services performed and to be performed, and expenses incurred.

Mr. Luth assured the Court that Seabury is a "disinterested person"
as that term is defined in Section 101(14) of the Bankruptcy Code.

In a prior filing, the Debtor replied to the objection of the
Official Committee of Unsecured Creditors, relating that the
Committee's limited objection to Seabury's retention is an
impermissible effort to substitute its business judgment for
Republic's.  Seabury's engagement falls squarely within the range
of reasonableness under the market-based compensation test applied
by courts in the District.

Despite Republic's view that the original terms of Seabury's
engagement ere reasonable, when the Committee objected, Republic
and Seabury offered significant concessions in a good faith effort
to resolve those objections:

   -- Seabury agreed to an aggregate fee cap of $11.0 million.

   -- Seabury agreed that monthly fees will be credited to reduce
any success fee after the first 12 months of the case.

   -- Seabury agreed to a discount of 10% off its hourly rates for
all hourly billings.

   -- Seabury agreed to a cap of $500,000 with respect to hourly
fees, and Seabury has agreed that 11 Seabury professionals will not
charge hourly fees despite their significant contributions to tasks
outlined as hourly in the Engagement Letter.

   -- Seabury clarified that the intent of the existing structure
is for no additional fee to be paid if one transaction converts
into another.  For example, a $25 million net DIP that converts to
equity would be paid at 4% (equity fee) less a credit for any DIP
fee (2.5%) already incurred.  In addition, a M&A Transaction that
is part of the plan of reorganization and converts debt to equity
will not generate a M&A fee.  If there is an equity raise as part
of such plan, only a M&A fee or an equity fee is payable, not
both.

   -- Seabury agreed that second lien and junior debt fees will be
based on "net proceeds" rather than "gross proceeds."

   -- Seabury agreed that the $900,000 deposit will be applied to
monthly invoices as incurred

The Debtor also argued that the Committee's objection and request
for an adjournment and discovery are groundless.  The Court's
expeditious approval of Republic's professionals is critical to
furthering Republic's restructuring efforts, and does not require
an evidentiary hearing.

The Committee objected to the reasonableness of the proposed fee
and expense structure, which would result in Seabury receiving
aggregate compensation well in excess of market rates taking into
consideration the relevant facts and circumstances of the cases.

Prior to filing the objection, the Committee engaged in good faith
negotiations with Seabury and the Debtors to try to come to an
agreement on Seabury's compensation.  Although Seabury indicated
that it would agree to some limited modifications, even if modified
as proposed, the overall amount of compensation that Seabury would
receive in connection with thee cases remains much higher than that
received by the Debtors' advisors in recent comparable cases.

Todd M. Goren, an attorney at the law firm of Morrison & Foerster
LLP, counsel for the Committee submitted a declaration in support
of the objection of the Committee.

                           The Application

As reported by the Troubled Company Reporter on Feb. 29, 2016,
Seabury will provide the following financial advisory and
investment banking services:

   (a) general financial advisory services such as evaluation of
       Republic's businesses and prospects; development of
       Republic's long-term business plan and related financial
       projections; assisting in the development of Republic's
       long-term business plan and related financial projections;
       assisting in the development of financial data and
       presentations to Republic's Board of Directors, various
       creditors and other third parties; analysis Republic's
       financial liquidity and evaluate alternatives to
       improve such liquidity; evaluation Republic's debt capacity
       and alternative capital structures;

   (b) restructuring services such as analysis of various
       restructuring scenarios on the value of Republic and the
       recoveries of those stakeholders impacted by the
       restructuring, and provide testimony related thereto as   
       necessary; providing strategic advice with regard to
       restructuring or refinancing Republic's obligations;
       participation in negotiations among Republic and its
       creditors, suppliers, lenders, lessors and other
       interested parties; assistance in such areas as court
       testimony on matters what are within the scope of this
       engagement and within Seabury's area of testimonial
       competencies;

   (c) supplementary restructuring services such as restructuring
       and negotiating Republic's codeshare partner agreements as
       the cornerstone of its restructuring; restructuring and
       refinancing and material non-aircraft debt and lease
       obligations; restructuring and refinancing any aircraft
       debt and lease obligations, as required to meet the revised
       needs of Republic;

   (d) as requested by Republic, assist Republic in evaluating and
       completing one or more transactions that involve a sale of
       all or a portion of Republic's operations (including the
       assignment of any executory contracts), including offers of
       employment to Republic's employees, to, merger with, or
       acquisition of another entity including, soliciting parties
       to such a transaction, evaluating alternative transactions
      (including assisting Republic and its other advisors in
       conducting and supervising any due diligence processes with
       such third parties), and structuring, negotiating and  
       assisting in documenting one or more M&A Transactions.  
       Those services will also include assisting Republic's
       management in preparation of business plans, financial
       projections, pro forma financial statements, cash flow
       analyses, valuation analyses, and other pertinent work
       product necessary for Republic's management, Board of
       Directors and other stakeholders to evaluate one or more
       M&A Transactions, and negotiating waivers or amendments
       with Republic's major creditors and lessors in connection
       with such M&A Transactions;

   (e) as requested by Republic, assist Republic in evaluating and
       completing one or more transactions that involve a sale of
       all or a portion of Republic's assets;

   (f) assist Republic, or any business enterprise arising from
       such an M&A Transaction with respect to raising equity,
       including valuation advice, analytical support, and
       advisory assistance in securing equity for Republic, its
       successor company, or any New Enterprise, whether via a
       private equity or a rights offering structure;

   (g) assist Republic in evaluating and, if directed by the
       Board, pursuing arranging (i) exit debt financing in
       connection for emergence from chapter 11 and/or
       (ii) debt financing for completion of an M&A Transaction;

   (h) communicate and/or negotiate with outside constituents
       including debtor-in-possession lenders and their advisors,
       any committees formed in the case and their advisors as
       well as customers, suppliers, vendors and other
       stakeholders, as appropriate;

   (i) provide Republic with assistance in planning, training and
       managing a vendor control program which would assist
       Republic in managing its relationships with vendors system-

       wide as a means of minimizing cash requirements leading up
       to, as well as during, reorganization while maintaining
       continuity of operations; additionally evaluate
       opportunities to improve Republic's liquidity and
       maximize its cash;

   (j) set up and manage for Republic a vendor contract
       optimization process through which Seabury will assist
       Republic to (i) minimize assumption of prepetition
       contracts and (ii) optimize the ultimate vendor contract
       terms and conditions for the reorganized company;

   (k) as requested by Republic, develop a labor strategy and
       costing plan that supports the future business and fleet
       plan including (i) update and/or build a labor cost
       model to identify and quantify changes to collectively
       bargained labor costs; (ii) model productivity, staffing
       movements and contract expense; and (iii) coordinate with
       other restructuring efforts;

   (l) as requested by Republic, assist with employee
       compensation concerns including (i) prepare an overview of
       the objectives, alternatives and process for designing and
       implementing cash and equity-based incentives for employee
       compensation; (ii) articulate objectives and plan design
       parameters including eligibility, target payouts,
       performance metrics and payout timing and model projected
       plan costs; (iii) define a process for selecting
       participants and develop a communication and
       implementation plan; (iv) provide recommendations on the
       design and allocation of equity incentives for key
       employees, including plan size, eligibility, type of  
       equity granted, vesting terms and timing, provisions for
       termination and change in control; (v) model individual
       and total allocation of the available share pool; and

   (m) other consulting services as requested by Republic from
       time to time on an hourly fee basis.

The Debtors agree to pay to Seabury a monthly retainer fee of
$400,000 for the first three months and $200,000 for each month
thereafter, payable in advance commencing from March 1, 2016, and
the first of each month thereafter during the Term of the Agreement
of which 50% of the first six months payments only will be
creditable against any Restructuring Success Fees, Debt & Lease
Restructuring Fee, Sale Success Fees, M&A Transaction Success Fees,
Equity Success Fee, Debt Success Fee or DIP Success Fee paid to
Seabury by the Debtors.

The Debtors agree to pay Seabury a "Restructuring Success Fee" of
$6,000,000 upon the conclusion of a Court Restructuring.

At closing of each Sale Transaction, the Debtors will pay to
Seabury a success fee of 0.65% of the proceeds from such sale.

Cash Management, Vendor Control, Vendor Contract Optimization,
Workforce Analytics, Compensation Consulting and Other Consulting
Services are billed upon actual hours worked at the standard
Seabury billing rates:

        Level                           Hourly Rate
        -----                           -----------
        Chairman/President/CEO             $1,350
        Sr. Managing Director              $1,200
        Managing Director                  $1,050
        Executive Director                  $950
        Senior VP / Director                $825
        Vice President                      $675
        Senior Associate                    $550
        Associate                           $475
        Senior Analyst                      $400
        Analyst                             $300

In addition, the Debtors will reimburse Seabury for its reasonable
out-of-pocket expenses incurred by Seabury in connection with the
services to be rendered under the Agreement.

To the best of the Debtors' knowledge, Seabury and its
professionals are "disinterested" within the meaning of Section
101(14) of the Bankruptcy Code, as modified by section 1107(b) of
the Bankruptcy Code.

The Debtor is represented by:

         Bruce R. Zirinsky, Esq.
         Sharon J. Richardson, Esq.
         Gary D. Ticoll, Esq.
         ZIRINSKY LAW PARTNERS PLLC
         375 Park Avenue, Suite 2607
         New York, NY 10152
         Tel: (212) 763-0192

         Christopher K. Kiplok, Esq.
         Christopher Paparella, Esq.
         HUGHES HUBBARD & REED LLP
         One Battery Park Plaza
         New York, NY 10004
         Tel: (212) 837-6000

The Committee is represented by:

         Todd M. Goren, Esq.
         MORRISON & FOERSTER LLP
         250 West 55th Street
         New York, NY 10019
         Tel: (212) 468-8000
         Fax: (212) 468-7900

                     About Republic Airways
  
Republic Airways Holdings Inc., based in Indianapolis, is an
airline holding company (NASDAQ: RJET) that owns Republic Airline
and Shuttle America Corporation.  Republic Airline and Shuttle
America -- http://www.rjet.com/-- offer approximately 1,000  
flights daily to 105 cities in 38 states, Canada, the Caribbean,
and the Bahamas through Republic's fixed-fee codeshare agreements
under our major airline partner brands of American Eagle, Delta
Connection and United Express.  The airlines currently employ
about
6,000 aviation professionals.  

On Feb. 25, 2016 Republic Airways Holdings Inc. and 6 affiliated
debtors each filed a voluntary petition for relief under Chapter
11
of the United States Bankruptcy Code in the United States
Bankruptcy Court for the Southern District of New York.   The
Debtors have requested that their cases be jointly administered
under Case No. 16-10429.  The petitions were signed by Joseph P.
Allman as senior vice president and chief financial officer.

Zirinsky Law Partners PLLC and Hughes Hubbard & Reed LLP are
serving as Republic's legal advisors in the restructuring.
Seabury
Group LLC is serving as financial advisor.  Deloitte & Touche LLP
is the independent auditor.  Prime Clerk is the claims and
noticing
agent.


ROYALE BUILDERS: Asks Court to Extend Plan Exclusivity to May 31
----------------------------------------------------------------
Royale Builders, Inc., asks the U.S. Bankruptcy Court for the
Western District of Missouri to extend its exclusive periods to
file a plan of reorganization and disclosure statement, and to
solicit acceptances of that plan.

Pursuant to 11 U.S.C. Sections 1121(b) and (c) the Debtor is
granted a 120-day exclusive period to file its plan.  Moreover,
Sec. 1121(c)(3) provides that no other party in interest may file a
plan unless a Debtor "has not filed a plan that has been accepted
before 180 days after the date of the order for relief under this
chapter, by each class of claims or interests that is impaired
under the plan".  Sections 1121(d)(2)(A) and (B) allow for
extensions up to 18 months after the Petition Date for the 120-Day
Exclusivity Period and 20 months after the Petition Date for the
180-Day Exclusivity Period.  

By prior Court order, the 120-Day Exclusivity Period had been
extended to April 18, 2016 and the 180-Day Exclusivity Period was
extended to June 13, 2016.

The Debtor asks the Court to extend the 120-Day Exclusivity Period
to May 31, 2016, and the 180-Day Exclusivity Period to July 26,
2016.

The Debtor contends that cause exists to allow the requested
extensions based on the size and complexity of issues involved in
this bankruptcy case.   The Debtor believes it has reasonable
prospects for filing a viable plan of reorganization and believes
additional time will aid and assist in developing and negotiating a
comprehensive and beneficial plan.  The Debtor has been making
progress in good faith and the requested extension is not sought to
impermissibly thwart or hinder creditors.

Royale Builders, Inc., based in Kansas City, Missouri, filed for
Chapter 11 bankruptcy (Bankr. W.D. Mo. Case No. 15-61136) on
October 16, 2015.  Judge Arthur B. Federman presides over the
case.

The Debtor is represented by:

          LENTZ CLARK DEINES PA  
          Jeffrey A. Deines, Esq.
          Shane J. McCall, Esq.
          9260 Glenwood
          Overland Park, KS 66212
          Tel: (913) 648-0600
          Telecopier: (913) 648-0664
          E-mail: jdeines@lcdlaw.com
                  smccall@lcdlaw.com

In its petition, the Debtor estimated $1 million to $10 million in
both assets and liabilities.  The petition was signed by Jim
MacLaughlin, president.

No trustee or examiner has been appointed, and no official
committee of creditors or equity interest holders has yet been
established in the case.  


SEBRING MANAGEMENT: Asks Court to Extend Plan Filing to May 4
-------------------------------------------------------------
Sebring Management FL, LLC, Sebring Dental of Arizona,L.L.C.
Sebring Software, Inc., and AAR Acquisition, L.L.C. ask the U.S.
Bankruptcy Court for the Middle District of Florida to extend these
deadlines and hearings related to the filing of the Debtors' plan
of reorganization:

     April 18, 2016 -- expiration of exclusivity period
     April 20, 2016 -- deadline for Debtor to file plan and
                       disclosure statement
     April 21, 2016 -- continued status conference

Specifically, the Debtors ask the Court to:

     -- continue the status conference for at least two weeks, to
on or after May 5, 2016;

     -- extend the deadline for filing of a plan and disclosure
statement by the same two weeks, to and including no earlier than
May 4, 2016 (or two days prior to the date of the continued status
conference); and

     -- enlarge the exclusivity period under 11 U.S.C. Sec.  1121
by an additional 60 days.

Throughout this case, the Debtors have focused their attention on
issues critical to ongoing operations and viability of the Debtors'
reorganization, along with addressing disputes between and among
the Debtors, MidMarket Capital Partners, LLC, and Drs. Alan Shoopak
and Dennis Buchman. Among other things, the Debtors significantly
scaled back operations in Florida while marketing -- and ultimately
selling -- their dental practices in Arizona.

Now, the Debtors are in ongoing discussions with MidMarket to reach
an agreement on a joint liquidation plan for the Debtors that would
involve settlement of outstanding claims, pursuit of other
litigation claims, and additional liquidation of assets.  While an
agreement appears imminent to the terms of a joint plan, the
parties would like additional time to complete their discussions
and complete drafting of the proposed joint plan.  

The Debtors have reviewed their Motion with counsel for MidMarket
Capital Partners, LLC, who agrees to the request for extension.

The Debtors are represented by:

         SHUMAKER, LOOP & KENDRICK, LLP
         Jay B. Verona, Esq.
         Seth P. Traub, Esq.
         101 E. Kennedy Blvd., Suite 2800
         Tampa, FL 33602
         Tel: (813) 229-7600
         Fax: (813) 229-1600

Clearwater, Florida-based Sebring Management FL, LLC, and its
three
affiliates sought protection under Chapter 11 of the Bankruptcy
Code on Aug. 23, 2015 (Bankr. M.D. Fla., Case No. 15-08589).  The
Debtors' counsel is Jay B Verona, Esq., at Shumaker, Loop &
Kendrick, LLP, in Tampa, Florida.

MidMarket Capital Partners LLC, is the agent for a group of
pre-bankruptcy secured lenders owed more than $16 million of
principal and accrued interest.


SEPCO CORP: Seeks May 13 Extension of Exclusive Plan Filing Date
----------------------------------------------------------------
Sepco Corporation asks the U.S. Bankruptcy Court to extend the
period by which it has exclusive right to file a Chapter 11 plan
and to solicit acceptance of its plan by 60 days from May 13, 2016,
and July 12, 2016, respectively.

The Debtor asks that each of the Exclusivity Periods be enlarged by
60 days, so that it will be given adequate time to negotiate with
the Official Committee of Asbestos Claimants the most beneficial
course of action relative to the claims the estate holds against
its insurance carriers and to formulate and solicit acceptance of a
chapter 11 plan.  The Debtor relates that prior to its bankruptcy
filing, it was named as a Defendant in a substantial number of
personal injury and wrongful death claims allegedly based on
asbestos-containing products that the Debtor had sold, and the U.S.
Trustee had just appointed the Committee to represent the interests
of asbestos claimants in this case.  

Sepco Corporation is represented by:

       Harry W. Greenfield, Esq.
       Jeffrey C. Toole, Esq.
       Heather E. Heberlein, Esq.
       BUCKLEY KING, LPA
       1400 Fifth Third Center
       600 Superior Avenue East
       Cleveland, Ohio  44114
       Telephone: (216) 363-1400
       Facsimile: (216) 579-1020
       Email: greenfield@buckleyking.com
              toole@buckleyking.com
              heberlein@buckleyking.com


                                             About Sepco
Corporation

Aurora, Ohio-based Sepco Corporation filed a Chapter 11 bankruptcy
petition (Bankr. N.D. Ohio. Case No. 16-50058) on Jan. 14, 2016.
The petition was signed by Richard J. Szekelyi as chief
restructuring officer.  Buckley King, LPA represents the Debtor as
counsel.  The case has been assigned to Judge Alan M. Koschik.


SEVENTY SEVEN ENERGY: Plans to File for Bankruptcy
--------------------------------------------------
Austen Hufford, writing for Dow Jones' Daily Bankruptcy Review,
reported that oil-field services provider Seventy Seven Energy Inc.
said April 19 that it plans to file for chapter 11 bankruptcy
protection and that it has reached a restructuring agreement with
many of its lenders, becoming the latest casualty of the
energy-price downturn.

According to the report, Seventy Seven's planned bankruptcy is
slated to convert debt into common shares of a new company.  The
company, whose debt load includes about $1.6 billion in funded
debt, has previously disclosed restructuring talks amid an energy
price downturn that has seen numerous oil and gas producers file
for bankruptcy and dealt a blow to oilfield services companies like
Seventy Seven, the report related.

Lenders of a $650 million 2019 note will receive 96.75% of the
company's new common stock to be issued, pending a vote by other
lenders, the report further related.  Holders of a $450 million
2022 note will vote on whether to accept 3.25% of the company's new
common stock and warrants worth up to 15% of the new company's
value, the report said.

The company intends to start a prepackaged Chapter 11 proceeding on
or before May 26, the report added.  A solicitation process will
start by April 22, the DBR said.

                   *     *     *

The Troubled Company Reporter, on Jan. 26, 2016, reported that
Moody's Investors Service downgraded Seventy Seven Energy Inc.'s
(SSE) Corporate Family Rating to Caa3 from Caa1, its Probability
of
Default Rating to Caa3-PD from Caa1-PD, and its senior unsecured
notes due 2022 to C from Caa3.  At the same time, SSE's
Speculative
Grade Liquidity rating was affirmed at SGL-3.  The debts of SSE's
operating subsidiary, Seventy-Seven Operating LLC were downgraded
as follows: its senior secured term loan to Caa2 from B1 and its
senior unsecured notes due 2019 to Ca from Caa2. The rating
outlook
remains negative.

The TCR, on Jan. 18, 2016, reported that Standard & Poor's Ratings
Services lowered its corporate credit rating on Oklahoma
City-based
Seventy Seven Energy Inc. to 'CCC-' from 'CCC+'.  The outlook is
negative.

At the same time, S&P lowered its issue-level ratings on the
company's secured notes to 'CCC+' from 'B', unsecured notes to
'CCC-' from 'CCC+', and structurally subordinated unsecured notes
to 'C' from 'CCC-'.  The recovery rating on the senior secured
notes remains '1', indicating very high (90% to 100%) recovery,
the
recovery rating on the senior unsecured notes remains '3',
indicating meaningful (50% to 70%; at the lower half of the range)
recovery in the case of a payment default.  The recovery rating on
the subordinated notes remains '6', indicating negligible (0% to
10%) recovery in the case of a payment default.


SEVENTY SEVEN ENERGY: S&P Lowers CCR to 'CC'; Outlook Negative
--------------------------------------------------------------
Standard & Poor's Ratings Services lowered its corporate credit
rating on Oklahoma City-based onshore oilfield services Seventy
Seven Energy Inc. to 'CC' from 'CCC-'.  The outlook is negative.

At the same time, S&P lowered its issue-level ratings on the
company's secured term loan to 'CCC' from 'CCC+' and unsecured
notes to 'CC' from 'CCC-'.  The rating on the structurally
subordinated unsecured notes remains 'C'.  The recovery rating on
the senior secured loans remains '1', indicating very high (90% to
100%) recovery in the case of a payment default.  The recovery
rating on the senior unsecured notes remains '3', indicating
meaningful (50% to 70%; at the lower half of the range) recovery in
the case of a payment default.  The recovery rating on the
subordinated notes remains '6', indicating negligible (0% to 10%)
recovery in the case of a payment default.  

"The downgrade follows SSE's announcement that it has entered into
a restructuring support agreement with certain lenders of its
incremental term supplement loan, currently representing 92% of the
aggregate outstanding principal amount, and certain note holders
collectively owning or controlling in excess of 57.7% of the
aggregate outstanding principal amount of the company's 6.625%
senior unsecured notes due 2019," said Standard & Poor's credit
analyst Kevin Kwok.

Pursuant to the agreement, the note holders have agreed to support

deleveraging transaction under which the company will convert
approximately $1.1 billion of outstanding notes to new common
equity.  The company intends to commence a prepackaged Chapter 11
filing on or before May 26 to implement the plan.

The outlook is negative, reflecting S&P's assessment of the
company's intention to commence a prepackaged Chapter 11
proceeding.



SEVENTY SEVEN: Enters Into Restructuring Support Agreement
----------------------------------------------------------
Seventy Seven Energy Inc. (the "Company"), on April 19 disclosed
that it has entered into a Restructuring Support Agreement (the
"Agreement") with certain lenders (the "Incremental Term Loan
Lenders") representing 92.0% of the outstanding principal amount
under the Company's Incremental Term Supplement (Tranche A) loan
and certain noteholders (the "Consenting 2019 Noteholders")
collectively owning or controlling in excess of 57.7% of the
aggregate outstanding principal amount of the Company's 6.625%
senior notes due 2019 (the "2019 Notes").  The terms of the
Agreement provide for a substantial deleveraging of the Company's
balance sheet by converting approximately $1.1 billion of the
Company's bond debt into new common equity without interrupting the
Company's daily operations.  The Agreement outlines an expected
restructuring through a prepackaged plan of reorganization (the
"Plan").

"[Tues]day's announcement is a clear endorsement by the
stakeholders of Seventy Seven Energy in the future of this
company," Chief Executive Officer Jerry Winchester said.  "The
exchange of debt for equity will provide us with a significantly
deleveraged balance sheet, and we will emerge from this process as
a stronger company.  After a thorough evaluation of our options, we
are confident this is the correct path that will enable us to take
advantage of our operational strengths and strong asset base to
proactively grow our business as market conditions improve."

A key component of the Plan is that all trade creditors, suppliers
and contractors will be paid in the ordinary course of business.
All of the Company's commercial and operational contracts will
remain in effect in accordance with their terms preserving the
rights of all parties, and customer relationships will continue
uninterrupted.  Employees can expect that operations will continue
as usual and they will be paid in the ordinary course.  The Company
intends to commence a prepackaged Chapter 11 proceeding on or
before May 26, in order to implement the Plan. The pre-packaged
Chapter 11 filing will follow a solicitation process that is
expected to commence on April 22.

The Company's 8-K filing today outlines certain terms of the Plan.
Significant elements of the Plan include:

   -- payment in full in the ordinary course of all trade creditors
and other general unsecured creditors;

   -- the exchange of the full $650.0 million of the 2019 Notes
into either 96.75%, if the holders of the 2022 Notes vote as a
class to accept the Plan, or 98.67%, if the holders of the 2022
Notes vote as a class to not accept the Plan, of the Company's new
common stock to be issued in the reorganization ("New Common
Stock");

   -- the exchange of the full $450.0 million of the 2022 Notes for
(i) 3.25% of the New Common Stock as well as warrants exercisable
for 15% of the New Common Stock at predetermined equity values (the
"2022 Warrants"), if the holders of the 2022 Notes vote as a class
to accept the Plan, or (ii) 1.33% of the New Common Stock, if the
holders of the 2022 Notes vote as a class to not accept the Plan;

   -- the issuance by the Company, if all classes of claims
entitled to vote accept the Plan, to existing common stockholders
of the Company of two series of warrants exercisable for an
aggregate of 20% of the New Common Stock at predetermined equity
values;

  -- the reinstatement of the Company's existing $400 million
secured term loan on identical terms; and

  -- the payment of a consent fee equal to 2% of the Incremental
Term Loan plus $15 million of the outstanding Incremental Term Loan
balance, together with the reinstatement of the remaining $84
million balance of the Incremental Term Loan on identical terms
other than the suspension of any prepayment premium for a period of
18 months.

Baker Botts LLP is serving as legal counsel and Lazard Freres & Co.
LLC has been engaged as financial advisor to Seventy Seven Energy.
Alvarez & Marsal is restructuring advisor to the Company.

                 About Seventy Seven Energy Inc.

Headquartered in Oklahoma City, SSE -- http://www.77nrg.com--
provides a wide range of wellsite services and equipment to U.S.
land-based exploration and production customers.  SSE's services
include drilling, hydraulic fracturing and oilfield rentals and its
operations are geographically diversified across many of the most
active oil and natural gas plays in the onshore U.S., including the
Anadarko and Permian basins and the Eagle Ford, Haynesville,
Marcellus, Niobrara and Utica shales.

                          *     *     *

The Troubled Company Reporter, on Jan. 26, 2016, reported that
Moody's Investors Service downgraded Seventy Seven Energy Inc.'s
(SSE) Corporate Family Rating to Caa3 from Caa1, its Probability of
Default Rating to Caa3-PD from Caa1-PD, and its senior unsecured
notes due 2022 to C from Caa3.  At the same time, SSE's Speculative
Grade Liquidity rating was affirmed at SGL-3.  The debts of SSE's
operating subsidiary, Seventy-Seven Operating LLC were downgraded
as follows: its senior secured term loan to Caa2 from B1 and its
senior unsecured notes due 2019 to Ca from Caa2. The rating outlook
remains negative.

The TCR, on Jan. 18, 2016, reported that Standard & Poor's Ratings
Services lowered its corporate credit rating on Oklahoma City-based
Seventy Seven Energy Inc. to 'CCC-' from 'CCC+'.  The outlook is
negative.

At the same time, S&P lowered its issue-level ratings on the
company's secured notes to 'CCC+' from 'B', unsecured notes to
'CCC-' from 'CCC+', and structurally subordinated unsecured notes
to 'C' from 'CCC-'.  The recovery rating on the senior secured
notes remains '1', indicating very high (90% to 100%) recovery, the
recovery rating on the senior unsecured notes remains '3',
indicating meaningful (50% to 70%; at the lower half of the range)
recovery in the case of a payment default.  The recovery rating on
the subordinated notes remains '6', indicating negligible (0% to
10%) recovery in the case of a payment default.


SOUTHERN REGIONAL: Names James Adams as Chief Executive Officer
---------------------------------------------------------------
Clayton General, Inc. fka Southern Regional Health System, Inc. dba
Southern Regional Medical Center and its debtor-affiliates seek
authorization from the U.S. Bankruptcy Court for the Northern
District of Georgia to employ James Adams as Chief Executive
Officer, nunc pro tunc to January 26, 2016.

In light of the impending departure of Kim Ryan as chief executive
officer and Jay Hoffman as chief financial officer, in order to
fill the management void post-closing and oversee the continuing
administration of the Debtors' bankruptcy estates, James Adams, the
Chairman of the Board of the Debtors, agreed to step into the role
of Chief Executive Officer following the closing of the sale.

Mr. Adams will provide managerial services and oversight, thereby
assisting the Debtors’ efforts at maximizing value for the
benefit of the Debtors’ estates.

The Debtors propose to compensate Mr. Adams for services rendered
based upon an agreed hourly rate of $250, and to reimburse Mr.
Adams for any out-of-pocket travel related costs and other
reasonable out-of-pocket expenses.  

                   About Southern Regional Health

Southern Regional Health System, Inc., owns the Southern Regional
Medical Center, a 331-licensed bed full-service hospital located in
Riverdale, Georgia.  Managed by Emory Healthcare, Inc., the
hospital serves residents throughout the region south of Atlanta.
As a leader in neurologic, heart & vascular, bariatric, and women's
healthcare services, Southern Regional's medical staff is comprise
of more than 480 physicians that blend their passion for healing
with advanced technology to offer the latest procedures and
treatments.

Southern Regional and its subsidiaries sought Chapter 11 protection
(Bankr. N.D. Ga. Case No. 15-64266) on July 30, 2015, in Atlanta,
Georgia.  The cases are assigned to Judge Wendy L. Hagenau.

Southern Regional Health System, Inc. disclosed total assets of
$41,996,075 and total liabilities of $42,884,499.  The Debtors'
secured creditors are Gemino Healthcare Finance, LLC, and U.S.
Foods, Inc.

Gemino claims to be owed in excess of $10 million, while U.S.
Foods has a $60,000 claim.

The Debtors tapped Scroggins & Williamson, P.C., as bankruptcy
attorneys, Nelson Mulins Riley & Scarborough LLP, as outside
general counsel, and Kurtzman Carson Consultants LLC as claims and
balloting agent.  GGG Partners, LLC serves as financial advisors to
the Debtors.

The Official Committee of Unsecured Creditors tapped Lamberth,
ifelli, Ellis & Nason, P.A., and Pepper Hamilton, LLP, as
attorneys.  PricewaterhouseCoopers LLP serves as its financial
advisors.

                           *     *     *

Prime Healthcare has submitted a letter of intent to purchase most
of Southern Regional's assets, and would operate the hospital after
the proposed sale.  Prime has agreed to provide the Debtors with
$9.2 million of DIP financing.


SPORTS AUTHORITY: Landlords Press for March Rent Payment
--------------------------------------------------------
Peg Brickley, writing for Dow Jones' Daily Bankruptcy Review,
reported that dozens of Sports Authority Holdings Inc. landlords
are up in arms about the timing of the retailer's bankruptcy case,
which they say was designed to force them to finance some $20
million of the turnaround effort.

According to the report, citing lawyers for the landlords, that's
an estimate of the rent Sports Authority could avoid paying, even
while running going-out-of-business sales or continuing operations
at its stores.  The company filed for chapter 11 protection March
2, at 33 minutes after midnight at its western-most locations,
timing that aroused suspicion among the commercial landlords that
make up a major part of the creditor body, the report pointed out.

                About Sports Authority Holdings

Sports Authority Holdings, et al., are sporting goods retailers
with roots dating back to 1928.  The Debtors currently operate 464
stores and five distribution centers across 40 U.S. states and
Puerto Rico.  The Debtors offer a broad selection of goods from a
wide array of household and specialty brands, including Adidas,
Asics, Brooks, Columbia, FitBit, Hanesbrands, Icon Health and
Fitness, Nike, The North Face, and Under Armour, in addition to
their own private label brands.  The Debtors employ 13,000 people.

Sports Authority and six of its affiliates filed Chapter 11
bankruptcy petitions (Bankr. D. Del. Case Nos. 16-10527 to
16-10533) on March 2, 2016.  The petitions were signed by Michael
E. Foss as chairman & chief executive officer.

The Debtors have engaged Gibson, Dunn & Crutcher LLP as general
counsel, Young Conaway Stargatt & Taylor, LLP as co-counsel,
Rothschild Inc. as investment banker, FTI Consulting, Inc., as
financial advisor and Kurtzman Carson Consultants LLC as notice,
claims, solicitation, balloting and tabulation agent.

Andrew Vara, Acting U.S. trustee for Region 3, appointed seven
creditors of Sports Authority Holdings Inc. to serve on the
official committee of unsecured creditors.  Lawyers at Pachulski
Stang Ziehl & Jones LLP represent the Official Committee of
Unsecured Creditors.


SUNEDISON INC: David Einhorn Reports 2.8% Stake as of April 15
--------------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, David Einhorn reported that as of April 15, 2016, he
beneficially owns 11,331,833 shares of common stock of SunEdison,
Inc., representing 2.8 percent of the shares outstanding.  A copy
of the regulatory filing is available at http://is.gd/CSlW4N

                        About SunEdison

SunEdison, Inc. is a developer and seller of photovoltaic energy
solutions, an owner and operator of clean power generation assets,
and a global leader in the development, manufacture and sale of
silicon wafers to the semiconductor industry.

As of Sept. 30, 2015, SunEdison had $20.71 billion in total assets,
$16.14 billion in total liabilities, $69 million in redeemable
noncontrolling interests, and $4.50 billion in total stockholders'
equity.

For the nine months ended Sept. 30, 2015, SunEdison reported a net
loss of $1 billion compared to a net loss of $985 million for the
same period in 2014.


SUNEDISON INC: Failed Deals Could Lead to More Claims
-----------------------------------------------------
Liz Hoffman, writing for Dow Jones' Daily Bankruptcy Review,
reported that the deal-making frenzy that hastened SunEdison Inc.'s
collapse could continue to cause problems for the solar-power
company during its bankruptcy.

Potential damages stemming from deals SunEdison failed to close
while its finances were deteriorating could total hundreds of
millions of dollars, the report said, citing court filings and
people familiar with the deals.  Litigation over the failed deals
could add to the company's already lengthy list of creditors and
possibly extend to its publicly traded subsidiaries, the report
added.

According to the report, SunEdison, once a darling of the
clean-power industry, has lost 99% of its market value since last
summer and is working with advisers on a chapter 11 filing.  The
company owes creditors nearly $10 billion, the report noted, citing
regulatory filings.

Of 11 deals reached since last May, SunEdison has failed to close
five with a combined value of about $3.8 billion, the report added,
citing FactSet.  It is in active litigation or arbitration on two
of them, and other counterparties are reviewing litigation options,
the report said, citing people familiar with the matter.

                      About SunEdison

SunEdison, Inc. is a developer and seller of photovoltaic energy
solutions, an owner and operator of clean power generation assets,
and a global leader in the development, manufacture and sale of
silicon wafers to the semiconductor industry.

As of Sept. 30, 2015, SunEdison had $20.71 billion in total
assets,
$16.14 billion in total liabilities, $69 million in redeemable
noncontrolling interests, and $4.50 billion in total stockholders'
equity.

For the nine months ended Sept. 30, 2015, SunEdison reported a net
loss of $1 billion compared to anet loss of $985 million for the
same period in 2014.


SUNEDISON INC: Potential Bankruptcy May Be "Messy"
--------------------------------------------------
Brian Eeckhouse, writing for Bloomberg Brief, reported that
SunEdison Inc.'s potential bankruptcy, which would be the biggest
ever in the renewable energy industry and the largest U.S. failure
in more than a year, would be more complicated than most.

According to the report, if SunEdison does seek protection from
creditors, the proceedings may drag in the company's two publicly
traded holding company units, TerraForm Power Inc. and TerraForm
Global Inc., and may have the potential to trigger defaults on
multiple wind and solar farms that are generating revenue from
selling electricity.

"It's going to add much more complexity than normal," said Brandon
Barnes, a senior analyst at Bloomberg Intelligence, in Washington.
"You're dealing with affiliates that may not want to be associated
with the parent company."

The world's biggest clean-energy developer, which had total debt of
$11.7 billion as of Sept. 30, said it's talking with creditors
about financing to carry the company through bankruptcy
reorganization.

As previously reported by The Troubled Company Reporter, citing The
New York Times' DealBook, SunEdison said in a regulatory filing
with the U.S. Securities and Exchange Commission, that on March 17,
2016, SunEdison and certain of its first and second lien lenders
entered into confidentiality agreements under which certain
information regarding the Company was provided in connection with
proposed debtor-in-possession financing transactions.  The
negotiations with respect to the potential financing transactions
(including intercreditor issues and other material terms thereof)
are still ongoing, and there can be no assurance that any agreement
will be reached, the Company said.

The DealBook pointed out that a presentation made to creditors on
March 17 said the company was running out of cash and would need a
$310 million loan to make it through the bankruptcy process.  It
has already reduced staff 40 percent from October 2015 levels, a
reduction it plans to push to 50 percent, the report said.

                    About SunEdison Inc.

SunEdison Inc. and units SunEdison Holdings Corp. and TerraForm
Power Inc. were hit with a lawsuit on Feb. 10, 2016, by
shareholders of Latin America Power Holding BV seeking  $150
million to satisfy a possible arbitral award against SunEdison for
backing out.

                          *     *     *

As reported by the Troubled Company Reporter on Dec. 24, 2015,
Standard & Poor's Ratings Services lowered its corporate credit
rating on TerraForm Power Inc. (TERP) to 'B-' from 'B+'.  The
outlook is negative.

At the same time, S&P lowered the rating on TerraForm Power
Operating LLC's senior unsecured debt to 'B-' from 'B+'.  The
recovery rating on this debt is '4', indicating expectations of
average (30% to 50%; upper half of the range) recovery if a default
occurs.

S&P is lowering its corporate credit rating on TerraForm Global
Inc. (GLBL) to 'B' from 'B+'.  The outlook is negative.  At the
same time, S&P is lowering its rating on Terraform Global Operating
LLC's senior unsecured debt to 'B' from 'B+' and on the senior
secured debt to 'BB-' from 'BB'.  The recovery rating on the senior
unsecured debt is '3', indicating S&P's expectation of meaningful
(50% to 70%; upper half of the range) recovery if a default occurs.


SYCAMORE MARBLE: Court Rejects Bid to Extend Exclusivity
--------------------------------------------------------
Chief United States Bankruptcy Judge James J. Robinson sustained
the objection filed by Credit Strategy Advisors to the request of
Sycamore Marble Company, Inc., to extend its exclusivity period.
The Debtor's Extension Motion is denied.

As reported by the Troubled Company Reporter on April 4, 2016,
Sycamore Marble delivered a Chapter 11 Disclosure Statement to the
U.S. Bankruptcy Court for the Northern of Alabama describing its
plan to liquidate the company's assets in an orderly manner and
turnover the sale proceeds to its secured lenders, Credit Strategy
Advisors, LLC (owed slightly less than $730,000), and Joseph C.P.
Turner (owed slightly more than $72,000).  

The Debtor hopes to sell the is assets in a private sale by Dec.
31, 2016, and will conduct a public auction no later than Mar. 31,
2017, if the private sale doesn't transpire.  Unless the property
does not sell for enough to payoff the secured creditors, the
Debtor estimates there will be no unsecured claims against the
estate.  A copy of the Debtor's Disclosure Statement is available
at:

     http://bankrupt.com/misc/alnb15-40632-0120.pdf  

Credit Strategy Advisors is represented in this matter by:

         Clark Hammond, Esq.
         WALLACE, JORDAN, RATLIFF & BRANDT, LLC
         800 Shades Creek Parkway, Suite 400
         Birmingham, AL 35209

Sycamore Marble Company, Inc., sought chapter 11 protection
(Bankr.
N.D. Ala. Case No. 15-40632) on Apr. 17, 2015, represented by
Harry
P. Long, Esq. -- ecfpacer@gmail.com -- in Anniston, Alabama.


TREYSON DEVELOPMENT: Suit vs. President Remanded to Texas State Ct.
-------------------------------------------------------------------
Judge Eduardo V. Rodriguez of the U.S. Bankruptcy Court for the
Southern District of Texas, McAllen Division, remanded to the 139th
Judicial District of Hidalgo County, Texas, the case captioned
HINOJOSA ENGINEERING, INC., Plaintiff, VS. HECTOR RUBEN LOPEZ, et
al., Defendants, ADVERSARY NO. 15-7014 (Bankr. S.D. Tex.) to the
the 139th Judicial District of Hidalgo County, Texas.

The Court denied the Plaintiff's Motion to Vacate the Order
confirming Treyson Development, Inc.'s Plan of Reorganization that
concerns Hector Ruben Lopez, President of Treyson, as the motion
improperly fails to recognize that the Order is a final order that
the Plaintiff failed to object pre-confirmation or timely appeal
post-confirmation and accordingly, under United Student Aid Funds,
Inc. v. Espinosa, 559 U.S. 260 (2010), which now has a binding
effect upon noticed parties.  That binding effect bars the
Plaintiff's cause of action as to Treyson and Hector Ruben Lopez,
Jr., Judge Rodriguez held.  As to the Plaintiff's Motion for
Remand, the Court found that the relief is warranted after the
Plaintiff met each of the six factors necessary for mandatory
abstention, pursuant to 28 U.S.C. Section 1334(c)(2).

The bankruptcy case is IN RE: TREYSON DEVELOPMENT, INC., CASE NO:
14-70256 (Bankr. S.D. Tex.).

A full-text copy of Judge Rodriguez's Memorandum Opinion dated
April 19, 2016, is available at
http://bankrupt.com/misc/TREYSONop0419.pdf

Treyson Development, Inc., sought Chapter 11 bankruptcy protection
on May 5, 2014 (Bankr. S.D. Tex., Case No. 14-70256).  The Debtor's
counsel is Antonio Villeda, Esq., in McAllen, Texas.  The petition
was signed by Hector Ruben Lopez, Jr., president.


TRIANGLE CAPITAL: Egan-Jones Lowers Sr. Unsec. Rating to BB+
------------------------------------------------------------
Egan-Jones Ratings Company downgraded the senior unsecured ratings
on debt issued by Triangle Capital Corp to BB+ from BB on April 4,
2016.

Triangle Capital Corporation is a business development company
specializing in private equity and mezzanine investments.



VADIUM TECH: AlphaCipher Closes Technology Platform Acquisition
---------------------------------------------------------------
AlphaCipher Acquisition Corporation (the "Company" or "VTC") on
April 18 announced the closing of the acquisition of the
AlphaCipher Technology Platform ("ATP") and related assets from the
Chapter 11 Bankruptcy Estate of Vadium Technology, Inc. ("VTI").
Concurrent with the closing of this acquisition, VTI changed its
name to VTIAC Holdings, Ltd. by adopting an amendment to its
Articles of Incorporation and the Company has changed its name to
Vadium Technology Corporation ("VTC").

"We are pleased to announce the closing of the acquisition of the
AlphaCipher Technology Platform," said Rod Nicholls, President &
CEO of the Company.  "Moving forward, we will be launching a
diverse portfolio of easy-to-use, customer-focused solutions that
will be tailored to the operational and functional needs of
enterprise customers operating throughout the world in the
financial services, telecommunications, healthcare, energy,
pharmaceutical, aerospace and defense, and national security market
segments.  Each of our upcoming products will be specifically
architected with the highest level end to end, systemically
deployed, privacy, security & trust protocols and processes at
their very foundation."

                  About Vadium Technology, Inc.

Seattle, Washington-based Vadium Technology, Inc. filed for Chapter
11 protection (Bankr. W.D. Wash. Case No. 12-10808) on Jan. 30,
2012.  Bankruptcy Judge Marc Barreca presides over the case.
Dallas W. Jolley, Jr., Esq. represents the Debtor in its
restructuring effort.  The Debtor estimated assets and debts at $10
million to $50 million.  The petition was signed by Rodney Gene
Nicholls, president & CEO.


VELOCITY POOLING: Moody's Lowers CFR to Caa1, Outlook Stable
------------------------------------------------------------
Moody's Investors Service downgraded Velocity Pooling Vehicle,
LLC's Corporate Family Rating to Caa1 from B3, and Probability of
Default Rating to Caa1-PD from B3-PD.  Moody's also downgraded the
company's $295 million first lien term loan to Caa1 from B3, and
its $85 million second lien term loan to Caa3 from Caa2.  The
outlook was changed to stable.

The downgrade reflects weaker than anticipated operating
performance that includes ongoing declines in sales and EBITDA
since the initial rating in April 2014, and Moody's expectation
that credit metrics will not improve materially in the near to
medium term.  Moody's estimates Velocity's lease adjusted leverage
for the fiscal year ending December 31, 2015 was significantly
above the previously stated 7 times maximum appropriate for a B3
rating given Velocity's scale and business risk profile.  In
addition, interest coverage (EBIT/Interest Expense) was weak at
well below 1 time.  A modest improvement to credit metrics is
likely as the company continues to recognize merger synergies
(including increased sell in activity from the Brand Group to
Tucker Rocky and the associated margin) and make required annual
debt repayments.  However, Moody's believes leverage will remain
above 8 times with interest coverage below 1 time over the next
12-24 months.

The stable outlook reflects Moody's expectation that the company
will begin to see modest EBITDA growth from increased sell in
activity and synergy realization, as well as maintain an adequate
liquidity profile.

The rating actions are listed below:

Issuer: Velocity Pooling Vehicle, LLC

   -- Corporate Family Rating, Downgraded to Caa1 from B3
   -- Probability of Default Rating, Downgraded to Caa1-PD from
      B3-PD
   -- $295 million Sr. Secured 1st Lien Term Loan due 2021,
      Downgraded to Caa1 (LGD-4) from B3 (LGD-4)
   -- $85 million Sr. Secured 2nd Lien Term Loan due 2022,
      Downgraded to Caa3 (LGD-5) from Caa2 (LGD-5)
   -- Outlook changed to Stable from Negative

                         RATINGS RATIONALE

Velocity's Caa1 rating reflects the company's high lease adjusted
leverage and weak interest coverage.  The rating also reflects the
highly discretionary nature and narrow focus of the company's
products which are sensitive to unfavorable shifts in the economy.
Operating performance over the LTM period has been negatively
impacted by weaker than anticipated sales, lower EBITDA margins,
and higher borrowings on the company's $150 million ABL revolver.
While Moody's anticipates additional synergy realization and a
moderation of SG&A costs over the next 12-24 months, EBITDA margins
should improve only modestly as efforts to right size inventory
will somewhat offset these initiatives.

The rating is supported by Velocity's portfolio of well-known brand
names in the industry, along with the potential long-term strategic
benefits of a vertically integrated company that includes
manufacturing, distribution and retail businesses.  The rating is
also supported by Velocity's multi-channel distribution system and
Moody's expectation for adequate liquidity over the next 12-18
months.

The company had approximately $3 million of cash and $24 million in
availability under its $150 million ABL credit facility as of Dec.
31, 2015.  Free cash flow for the LTM period was negative, largely
driven by capital investments in the business and modestly negative
working capital.  Higher inventory resulting from increased sell-in
activity from the Brand Group to Tucker Rocky partially contributed
to the working capital outflow.  Over the next 12-18 months,
Moody's anticipates positive free cash flow in the $10-20 million
range.  However, this is highly dependent on working capital, which
Moody's expects will benefit from the strategic reduction of
inventory, as well as lower capital investments.  Moody's
anticipates the company will reduce revolver balances modestly in
FY2016 using cash from operations, but expects the company will
continue to utilize the facility seasonally for working capital and
capital investments with a sizable portion to remain outstanding
over the next 12-18 months.

The company does not have any maturities until the ABL expires in
2019.  While Moody's does not anticipate Velocity will trigger the
springing fixed charge coverage test of 1.0x (tested when
availability falls below 10% of the greater of the borrowing base
or $15 million), increased revolver borrowings could put the
company closer to the test during the third and fourth quarters
when the borrowing base has typically been lower.  In the event
that the covenant were tested, Moody's would expect minimal to no
cushion over the next few quarters.

The Caa1 rating assigned to Velocity's $295 million first lien term
loan facility reflects the first priority lien on substantially all
assets of the company, with the exception of the ABL priority
collateral (accounts receivable, inventory, and cash), on which it
holds a second lien.  The Caa3 rating on the $85 million second
lien term loan reflects its junior position in the capital
structure and its second priority lien on the first lien term
loan's assets, as well as a third lien on the ABL collateral.

Velocity's ratings could be downgraded if operating performance
fails to stabilize, resulting in a worsening liquidity profile.
Negative free cash flow or elevated borrowings on the revolver,
which could begin to weaken covenant compliance, would pressure the
rating lower.

An upgrade would require an improvement to operating performance,
including sales and EBITDA growth, resulting in debt/EBITDA
sustained below 6.5 times and EBIT/interest above 1.0 time.  It
would also require the company to maintain an adequate liquidity
profile.

Velocity Pooling Vehicle, LLC is the holding company created to
facilitate the merger of Ralco Holdings, Inc. (d/b/a Motorsport
Aftermarket Group) and Ed Tucker Distributor, Inc. (d/b/a Tucker
Rocky) in May of 2014.  The combined entity is a wholesale
distributor, designer, manufacturer, retailer and marketer of
branded aftermarket parts, accessories and apparel for the
powersports (motorcycle and related) industry with revenue of about
$781 million through Dec. 31, 2015.  Velocity is primarily owned by
LDI Ltd., LLC and Leonard Green & Partners.

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



VESTIS RETAIL: Enters Into Purchase Agreement with Versa Unit
-------------------------------------------------------------
Vestis Retail Group LLC, et al., seek the Bankruptcy Court's
authority to enter into an asset purchase agreement with Vestis BSI
Holding, Inc., as stalking horse bidder.  Vestis BSI is an
affiliate of Versa Capital Management, LLC, the Debtors' current
equity sponsor.

Vestis BSI has agreed to acquire Eastern Mountain Sports stores and
Bob's Stores from the Debtors pursuant to an asset purchase
agreement dated as of April 17, 2016.  The Stalking Horse APA is
subject to higher or otherwise better offers.

Prior to the Petition Date, the Debtors implemented a series of
internal restructuring and synergy initiatives, designed to
integrate their three chains into Vestis Group and streamline and
improve operations, but various challenges remained, including from
the prior ownership of EMS and Sport Chalet.  The Debtors
ultimately were unable to preserve Sport Chalet as a going concern
and, accordingly, shortly before the Petition Date, the Debtors
commenced going out of business sales of the Sport Chalet stores
(along with a limited number of EMS stores and one Bob's Stores
location).

The purchase price of the Assets is comprised of:

   (a) the payment of an amount in cash equal to $1,500,000;

   (b) a credit bid pursuant to Section 363(k) of the Bankruptcy
       Code of portion of the Third Lien Financing Obligations
       held by Stalking Horse Bidder and its Affiliates equal to
       $35,000,000;

   (c) the payoff in full by Stalking Horse Bidder of all of (i)
       the outstanding DIP Financing Obligations in accordance
       with the DIP Financing, (ii) the outstanding First Lien
       Financing Obligations in accordance with the First Lien
       Financing and each applicable intercreditor agreement and
      (iii) the outstanding Second Lien Financing Obligations in
       accordance with the Second Lien Financing and each
       applicable intercreditor agreement; and

   (d) the assumption by Stalking Horse Bidder of (i) any portion
       of the outstanding Third Lien Financing Obligations not
       included in the Credit Bid and (ii) the other Assumed
       Liabilities.

If the Stalking Horse APA is terminated under certain
circumstances, the Stalking Horse Bidder is entitled to an amount
equal to the expenses of Stalking Horse Bidder and its affiliates
up to $1,500,000 in the aggregate, which will constitute an allowed
administrative expense of the Debtors under Bankruptcy Code
Sections 503(b) and 507(a)(1) to be paid in full no later than the
effective date of a plan of reorganization.

The Debtors proposed to establish June 14, 2016, at 5:00 p.m.
(Prevailing Eastern Time) as the deadline for the submission of
qualified bids.

If the Debtors receive one or more qualified bids in addition to
the Stalking Horse Bid, the Debtors will conduct an auction on June
17, 2016, at 10:00 a.m. (Prevailing Eastern Time), to determine the
highest or otherwise best bid with respect to the Acquired Assets.


A hearing to consider approval of the Sale is proposed to be held
no later than June 22, 2016.

                       About Vestis Group

Headquartered in Meriden, Connecticut, Vestis Retail Group, LLC, et
al., operate 144 retail stores, which are located in 15 states.
Bob's Stores operates 36 stores throughout New England, New York,
and New Jersey.  Eastern Mountain Sports operates 61 stores,
located primarily in the Northeastern states.  Sport Chalet
operates 47 stores throughout California, Arizona, and Nevada.
Bob's Stores and EMS primarily operate stores located in the
Northeastern states, while Sport Chalet's stores, which are
currently being liquidated, are located in the Western states.

Prior to the Petition Date, each of the three Debtor retailers
operated an e-commerce site at, respectively, www.bobstores.com,
www.sportchalet.com, and www.ems.com.  In 2015, the Debtors
collectively generated 5% of their total sales, or approximately
$32 million, through e-commerce, according to Court documents.

Vestis Retail Group and eight of its affiliates filed Chapter 11
bankruptcy petitions (Bankr. D. Del. Proposed Lead Case No.
16-10971) on April 18, 2016.  The Debtors estimated assets in the
range of $0 to $50,000 and debts of $100 million to $500 million.
The petitions were signed by Thomas A. Kennedy as secretary.

The Debtors have hired Young, Conaway, Stargatt & Taylor, LLP as
their counsel, FTI Consulting, Inc. and Lincoln Partners Advisors
LLC as their financial advisor and Kurtzman Carson Consultants, LLC
as their claims and noticing agent.

Judge Christopher S. Sontchi is assigned to the cases.


VESTIS RETAIL: Meeting to Form Creditors' Panel Set for April 26
----------------------------------------------------------------
Andy Vara, Acting United States Trustee for Region 3, will hold an
organizational meeting on April 26, 2015, at 11:30 a.m. in the
bankruptcy case of Vestis Retail Group, LLC, et al.

The meeting will be held at:

         The Double Tree Hotel
         700 King St.
         Wilmington, DE 19801

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

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

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

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



WOLVERINE WORLD WIDE: Egan-Jones Cuts Sr. Unsecured Rating to BB+
-----------------------------------------------------------------
Egan-Jones Ratings Company lowered the senior unsecured rating on
debt issued by Wolverine World Wide Inc. to BB+ from BBB- on April
1, 2016.

Wolverine World Wide, Inc. or Wolverine Worldwide is an American
footwear manufacturer based in Rockford, Michigan, known for their
own brand, Wolverine Boots and Shoes, as well as their subsidiaries
such as Hush Puppies and Merrell.



WORLD KITCHEN: GP Investments Deal No Impact on Moody's B2 Rating
-----------------------------------------------------------------
Moody's Investors Service said that GP Investments Acquisition
Corp.'s planned buyout of WKI Holding Company, Inc. ("World
Kitchen", B2 stable) for approximately $566 million does not impact
the company's ratings.

Headquartered in Rosemont, IL, WKI Holding Company, Inc., along
with its operating subsidiaries manufactures, designs and markets
dinnerware, bakeware, kitchen tools, rangetop cookware, storage and
cutlery products.  Brands include Corelle, Pyrex, Corningware,
OLFA, Snapware, Visions, Chicago Cutlery, Baker's Secret and
others.  The company markets its products primarily in the U.S.,
Asia-Pacific and Canada across a range of distribution channels
including mass merchants, department stores, specialty retailers,
company-operated stores and online.  Following the proposed sale by
W Capital Partners II, L.P. and Oaktree Capital Management, the
company will be majority-owned by GP Investments Acquisition Corp.
and affiliates.  Net revenues for the year ended Dec. 31, 2015,
were approximately $672 million.



WPX ENERGY: Moody's Lowers Rating on Sr. Unsecured Notes to B3
--------------------------------------------------------------
Moody's Investors Service downgraded WPX Energy, Inc. senior
unsecured notes to B3 from B2 and affirmed its Corporate Family
Rating (CFR) at B2, Probability of Default Rating (PDR) at B2-PD,
and the SGL-2 Speculative Grade Liquidity Rating.  The downgrade of
the notes is a result of the WPX's revolving credit facility
becoming secured.  The rating outlook remains negative.

This summarizes the ratings.

WPX Energy, Inc.

Downgrades:

  Senior Unsecured Regular Bond/Debentures, B3 (LGD 4) from B2
   (LGD 4)
  Senior Unsecured Shelf, (P)B3 from (P)B2

Affirmations:

  Corporate Family Rating, B2
  Probability of Default Rating, B2-PD
  Speculative Grade Liquidity Rating, SGL-2

Outlook Actions:

  Outlook – Negative

                         RATINGS RATIONALE

The senior unsecured notes are rated B3, one notch below the B2 CFR
due to the secured nature and priority claim of the secured
revolving credit facility.  WPX amended the terms of its credit
facility to provide more flexibility under the financial covenants
and in the process moved to a secured credit facility.  At certain
rating levels and total leverage ratios, the credit facility moves
back to being unsecured.

WPX's B2 CFR reflects its high leverage and Moody's expectation
that the company's cash flows and credit metrics will worsen in
2017 when its hedged production volumes decline.  Its financial
results in 2016 will be buffered by the strong hedge position
(three quarters of oil production and almost all of natural gas
production is hedged), but hedged volumes will drop in 2017.  WPX
continues to have material capital spending requirements to keep
production flat, such that it will generate negative free cash flow
in 2017.  WPX had $3.2 billion of balance sheet debt as of 31
December 2015, but asset sales have contributed gross proceeds of
$1.2 billion in 2016, part of which will likely be applied towards
debt reduction. (The company sold its San Juan Basin gathering
assets for $309 million and Piceance Basin assets for $910
million.) The company benefits from diverse operations with
exposure to the Williston, Permian and San Juan basins.

The SGL-2 Speculative Grade Liquidity Rating reflects the company's
good liquidity profile through 2016, supported by its cash flow
from operations, availability under its undrawn secured revolving
credit facility due Oct. 28, 2019, and elevated cash balances
following asset sales with gross proceeds of $1.2 billion.  Moody's
expects the company to restrain its capital spending such that it
does not generate material negative free cash flow in 2016, but
with fewer hedges in 2017, WPX's free cash flow will be negative.
The $1.2 billion revolver has an initial borrowing base of $1.025
billion and full availability following the closing of the sale of
its Piceance Basin assets on 8 April 2016. (This does not include
letters of credit under separate uncommitted facilities.)  Moody's
expects the company will apply part of the proceeds from the asset
sales to reducing debt (including repaying the $304 million of
notes maturing in January 2017) and other uses, but may
none-the-less maintain elevated cash balances in 2016.  The
revolver has two financial covenants until such time as it reverts
to being an unsecured facility: a maximum secured leverage (Secured
Debt / EBITDAX) covenant (3.25x through 12/31/2017; 3.0x
thereafter) and a minimum current ratio covenant of 1.0x.

The negative outlook reflects the expected decline in WPX's 2017
cash flows and greater uncertainty of cash flows in 2017, when
hedged volumes decline.  The ratings could be upgraded if RCF to
debt is expected to remain above 15% and interest coverage above 4x
on a sustained basis.  The ratings could be downgraded if RCF to
debt is expected to drop below 10% and interest coverage below 2.5x
on a sustained basis or liquidity declines materially.

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

WPX Energy Inc. is an independent exploration and production
company based in Tulsa, Oklahoma.



[*] David Flannery Joins GSO Capital Partners in New York
---------------------------------------------------------
GSO Capital Partners, a division of Blackstone (NYSE: BX),
announced on April 18, 2016, that David Flannery has joined the
firm as a Senior Managing Director focusing on distressed
strategies in both private and public markets.  He will be based in
New York and brings to Blackstone his extensive experience across
leveraged finance.

With nearly 25 years of industry experience, Mr. Flannery joins
Blackstone from Anchorage Capital Group, where he focused on
illiquid credit opportunities and CLOs. Prior to joining Anchorage,
he worked at Bank of America Merrill Lynch ("BAML") for five years
where he held several global group head roles including Chief Risk
Officer of Global Banking & Markets and Global Head of Leveraged
Finance. Prior to joining BAML, David was the Global Head of
Leveraged Finance at Deutsche Bank. Mr. Flannery began his career
at Bankers Trust Company.

"We are thrilled to welcome David to our team," said Bennett
Goodman, Senior Managing Director and Co-Founder of GSO. "As we
continue to see expanding opportunities in the distressed arena,
David's deep industry knowledge and proven leadership in leveraged
finance will be a meaningful addition to the team."

Mr. Flannery added, "I am delighted to join the GSO team at
Blackstone. They are recognized as a true leader in the space and I
look forward to working closely with the team as we continue to
explore and pursue growing opportunities in the sector."

                   About GSO

GSO Capital Partners LP is the global credit investment platform of
Blackstone. With approximately $79 billion of assets under
management, GSO is one of the largest alternative managers in the
world focused on the leveraged-finance, or non-investment grade
related, marketplace. GSO seeks to generate attractive
risk-adjusted returns in its business by investing in a broad array
of strategies including mezzanine debt, distressed investing,
leveraged loans and other special-situation strategies. Its funds
are major providers of credit for small and middle-market companies
and they also advance rescue financing to help distressed
companies.

Blackstone is one of the world's leading investment firms. We seek
to create positive economic impact and long-term value for our
investors, the companies we invest in, and the communities in which
we work. We do this by using extraordinary people and flexible
capital to help companies solve problems. Our asset management
businesses, with over $330 billion in assets under management,
include investment vehicles focused on private equity, real estate,
public debt and equity, non-investment grade credit, real assets
and secondary funds, all on a global basis. Further information is
available at www.blackstone.com. Follow Blackstone on Twitter
@Blackstone.

Contact:
Blackstone
Paula Chirhart
+1 212-583-5011
paula.chirhart@blackstone.com


[*] Mediation Plays Increasing Role in Bankruptcy, Panel Says
-------------------------------------------------------------
Diane Davis, writing for Bloomberg Brief, reported that mediation
plays an increasing role in both consumer and business bankruptcy
cases, and it is important that parties are prepared for mediation,
according to panelists speaking April 15 at the American Bankruptcy
Institute's Annual Spring Meeting in Washington, D.C.

Virtually "any type of dispute can be mediated," Eric D. Madden,
Esq. -- emadden@rctlegal.com -- of Reid Collins & Tsai LLP, in
Dallas, said, the report related.  Some examples include avoidance
actions, including preference actions, disputes regarding claims,
disputes over assets, valuation disputes, priority of liens,
confirmation issues, and postconfirmation litigation, he said, the
report further related.

The list is "endless," the report said, citing Mr. Madden, and
depends on the party and the case.  He also noted that even
pre-lawsuit cases can be worth mediating to avoid costs, the report
added.

C. Edward Dobbs, Esq. -- edobbs@phrd.com -- of Parker, Hudson,
Rainer & Dobbs LLP, Atlanta, cautioned against mediating too early,
however, saying starting too early can inhibit the discovery
process, he said, the report said.  "If a party wants to establish
a precedent, the case is unlikely to settle," according to Mr.
Dobbs.


[*] Task Force Studying Individual Chapter 11 Filings
-----------------------------------------------------
Diane Davis, writing for Bloomberg Brief, reported that individuals
account for between a quarter and a third of all Chapter 11
bankruptcy cases filed, according to a preliminary report of the
American Bankruptcy Institute's Task Force on Individual Chapter
11.

Individual Chapter 11 filings are in a "no man's land" and are
"incredibly different than business Chapter 11s," C.R. "Chip"
Bowles, Jr., Esq. -- cbowles@bgdlegal.com -- of Bingham, Greenbaum
Doll LLP, in Louisville, Kentucky, said at an April 16 panel
discussing the preliminary report at the ABI's Annual Spring
Meeting in Washington, D.C., the report related.

The report said there is a lot of empirical research about
individuals who file under Chapter 7 in which nonexempt assets are
liquidated and the proceeds are distributed to creditors, and under
Chapter 13, which allows individuals receiving regular income to
obtain debt relief while retaining their property by proposing a
plan that uses future income to repay a portion of their debts over
a three to five year period.  There is also empirical research
about corporations that file under Chapter 11, but there is little
known about individuals who filed under Chapter 11, the report
noted.

The ABI's study is intended to fill that gap, Bloomberg said,
citing the task force's report.  Whether those
individuals belong in Chapter 11 or should have filed under
Chapters 7 or 13 is a fundamental question that motivated the
study, which has been funded by a grant from the ABI's Anthony H.N.
Schnelling Endowment Fund, the report further related.


[*] TCW Adds Special Situations Analyst to Credit Research Group
----------------------------------------------------------------
The TCW Group, a global asset management firm, announced on April
18, 2016, that Steven Purdy has joined the firm as a Managing
Director and Special Situations Analyst in TCW's fixed income
credit research group.  In this role, he will be responsible for
analyzing and identifying credit opportunities with companies in
stressed and distressed situations.  He is based in TCW's Los
Angeles headquarters and reports to Jamie Farnham, Director of
Credit Research, who co-leads TCW's U.S. credit team with Jerry
Cudzil, Head of U.S. Credit Trading.

"Steve's expertise is additive to our team both in existing areas
of research, and in expanding the opportunity set to special
situations," said Farnham.  "We feel it is extremely important to
continue to invest in the credit team as we approach the end of the
credit cycle and investment opportunities within this asset class
change.  We welcome Steve to the team."

Purdy joins TCW from TPG Capital in London, where he was a managing
director responsible for sourcing and executing opportunistic
credit investments in special situations.  Prior to TPG, he was a
managing director at Goldman Sachs in both London and New York
where he held various leadership roles in distressed debt investing
businesses.  Purdy holds a master's degree in business
administration from Harvard University and bachelor’s degrees in
economics and political science from Yale University.

"While we remain defensive in our overall portfolio positioning and
cautious in credit at this stage in the credit cycle, we have been
adding risk into portfolios in disciplined and measured ways to
take advantage of new investment opportunities," added Cudzil.  "In
the same way, we have been adding top talent throughout our leading
U.S. fixed income team to further strengthen our capabilities and
position TCW for growth as opportunities present themselves during
the potential deleveraging, and later re-leveraging, phases of the
cycle."

Within the U.S. fixed income group, TCW has added approximately 10
professionals in the past six months.  In that period, Purdy is the
sixth new member of the fixed income group’s credit area as the
firm actively expands the depth and breadth of its credit research
capabilities.  Other additions to the credit team since October
2015 include credit analysts Nick Nilarp, Chet Malhotra, Griffith
Lee, Ryan White and Alexandre Bibi.

                About The TCW Group

TCW is a leading global asset management firm with a broad range of
products across fixed income, equities, emerging markets and
alternative investments.  With more than four decades of investment
experience, TCW today manages approximately $185 billion in client
assets.  Through the MetWest Funds, TCW Funds and TCW Alternative
Funds families, TCW manages one of the largest mutual fund
complexes in the U.S.  TCW’s clients include many of the
world’s largest corporate and public pension plans, financial
institutions, endowments and foundations, as well as financial
advisors and high net worth individuals.  For more information,
please visit www.tcw.com.

TCW Media Contact:

Doug Morris
Head of Corporate Marketing and Communications
Tel: +1-213-244-0509
Email: douglas.morris@tcw.com

                  *     *     *

Emma Orr, writing for Bloomberg News, reported that TCW is among
firms, including Oaktree Capital Group, KKR & Co., Fortress
Investment Group and Bain Capital's Sankaty Advisors, seeking to
profit from what executives say is an impending cycle of corporate
defaults.  The asset manager is adding risk into portfolios to take
advantage of new investment opportunities, Bloomberg said, citing
Jerry Cudzil, head of U.S. credit trading.


[^] Recent Small-Dollar & Individual Chapter 11 Filings
-------------------------------------------------------
In re TJB Air Conditioning, LLC
   Bankr. S.D. Fla. Case No. 15-31350
      Chapter 11 Petition filed December 8, 2015
         See http://bankrupt.com/misc/flsb15-31350.pdf
         represented by: Brian K. McMahon, Esq.
                         E-mail: briankmcmahon@gmail.com

In re Frank Carl Klein
   Bankr. S.D. Fla. Case No. 15-31359
      Chapter 11 Petition filed December 8, 2015

In re 1553 Powerline Realty, LLC.
   Bankr. S.D. Fla. Case No. 15-31370
      Chapter 11 Petition filed December 8, 2015
         See http://bankrupt.com/misc/flsb15-31370.pdf
         represented by: Zach B Shelomith, Esq.
                         LEIDERMAN SHELOMITH, P.A.
                         E-mail: zshelomith@lslawfirm.net

In re Hopa Bailey
   Bankr. D. Mass. Case No. 15-14770
      Chapter 11 Petition filed December 8, 2015

In re Antoine Chahbaz
   Bankr. D.N.J. Case No. 15-33026
      Chapter 11 Petition filed December 8, 2015

In re H&S Truck Stop Travel Plaza LLC
   Bankr. W.D.N.Y. Case No. 15-12611
      Chapter 11 Petition filed December 8, 2015
         See http://bankrupt.com/misc/nywb15-12611.pdf
         represented by: Paul S. Walier, Esq.
                         PAUL WALIER ATTORNEYS
                         E-mail: wailerpattorney@verizon.net

In re Anthony J. Coppola
   Bankr. W.D.N.Y. Case No. 15-12616
      Chapter 11 Petition filed December 8, 2015

In re Maher Convenience, Inc.
   Bankr. W.D. Tex. Case No. 15-52999
      Chapter 11 Petition filed December 8, 2015
         See http://bankrupt.com/misc/txwb15-52999.pdf
         represented by: Morris Joseph Kirschberg, Esq.
                         MORRIS KIRSCHBERG LAW FIRM, PLLC
                         E-mail: kirschberg@sbcglobal.net

In re James M Willett and Janet E. Willett
   Bankr. W.D. Wash. Case No. 15-17182
      Chapter 11 Petition filed December 8, 2015
         represented by: Larry B. Feinstein
                         VORTMAN & FEINSTEIN
                         E-mail: feinstein1947@gmail.com

In re Peggy Ann Martin Hinson Foundation, Inc.
   Bankr. N.D. Ga. Case No. 16-56087
      Chapter 11 Petition filed April 5, 2016
         See http://bankrupt.com/misc/ganb16-56087.pdf
         represented by: Joseph Chad Brannen, Esq.
                         BRANNEN LAW GROUP, PC
                         E-mail: chad@brannenlawfirm.com

In re Mid-State Plumbing, Inc.
   Bankr. W.D. La. Case No. 16-80392
      Chapter 11 Petition filed April 5, 2016
         See http://bankrupt.com/misc/lawb16-80392.pdf
         represented by: L. Laramie Henry, Esq.
                         E-mail: laramie@henry-law.com

In re Hughes Contracting Industries Ltd
   Bankr. S.D.N.Y. Case No. 16-22463
      Chapter 11 Petition filed April 5, 2016
         See http://bankrupt.com/misc/nysb16-22463.pdf
         represented by: Anne J. Penachio, Esq.
                         PENACHIO MALARA LLP
                         E-mail: apenachio@pmlawllp.com

In re Mary Louise McGowan
   Bankr. S.D. Tex. Case No. 16-31785
      Chapter 11 Petition filed April 5, 2016
         Filed Pro Se

In re Andy On-Ting Yeh
   Bankr. E.D. Va. Case No. 16-11214
      Chapter 11 Petition filed April 5, 2016
         See http://bankrupt.com/misc/vaeb16-11214.pdf
         represented by: Timothy J. McGary, Esq.
                         E-mail: tjm@mcgary.com

In re Sycamore Investments LLC
   Bankr. E.D. Va. Case No. 16-31679
      Chapter 11 Petition filed April 5, 2016
         See http://bankrupt.com/misc/vaeb16-31679.pdf
         Filed Pro Se

In re John Stephen Mason and Arlena Rae Mason
   Bankr. S.D.W. Va. Case No. 16-50079
      Chapter 11 Petition filed April 5, 2016
         represented by: Joseph W. Caldwell, Esq.
                         CALDWELL & RIFFEE
                         E-mail: joecaldwell@frontier.com

In re Tarek El Sayed Ayoub
   Bankr. C.D. Cal. Case No. 16-13096
      Chapter 11 Petition filed April 6, 2016
         Represented by: Sherif Fathy, Esq.
                         E-mail: smfathy@gmail.com

In re Ernestine Rodriguez
   Bankr. C.D. Cal. Case No. 16-14434
      Chapter 11 Petition filed April 6, 2016
         Represented by: Anthony Obehi Egbase, Esq.
                         LAW OFFICES OF ANTHONY O EGBASE & ASSOC.
                         E-mail: info@anthonyegbaselaw.com

In re Eubanks Excavating Inc.
   Bankr. N.D. Fla. Case No. 16-40161
      Chapter 11 Petition filed April 6, 2016
         See http://bankrupt.com/misc/flnb16-40161.pdf
         represented by: Robert C. Bruner, Esq.
                         E-mail: RobertCBruner@hotmail.com

In re Raymond J. Sanchez
   Bankr. S.D. Fla. Case No. 16-14981
      Chapter 11 Petition filed April 6, 2016
         Represented by: Susan D. Lasky, Esq.
                         E-mail: ECF@suelasky.com

In re Estelita T. Terrado
   Bankr. D. Haw. Case No. 16-00361
      Chapter 11 Petition filed April 6, 2016
         Filed Pro Se

In re Barry Jamison Pilgrim
   Bankr. D.N.J. Case No. 16-16614
      Chapter 11 Petition filed April 6, 2016
         Represented by: Thaddeus R. Maciag, Esq.
                         MACIAG LAW, LLC
                         E-mail: MaciagLaw1@aol.com

In re Walter Lopez and Mariela Lopez
   Bankr. D.N.J. Case No. 16-16668
      Chapter 11 Petition filed April 6, 2016
         See http://bankrupt.com/misc/njb16-16668.pdf
         represented by: Christopher Portee, Esq.
                         KASURI BYCK,LLC
                         E-mail: lawfirm@kasuribyck.com

In re Sergio Jimenez and Flores De Jimenez L Maria
   Bankr. D. Nev. Case No. 16-11845
      Chapter 11 Petition filed April 6, 2016
         Represented by: Michael J. Harker, Esq.
                         E-mail: notices@harkerlawfirm.com

In re Larry Garcia
   Bankr. S.D.N.Y. Case No. 16-22466
      Chapter 11 Petition filed April 6, 2016
         represented by: Wanda Borges, Esq.
                         BORGES & ASSOCIATES, LLC
                         E-mail: ecfcases@borgeslawllc.com

In re Rodney Michael Schultz
   Bankr. D. Or. Case No. 16-61021
      Chapter 11 Petition filed April 6, 2016
         Represented by: Judson M. Carusone, Esq.
                         E-mail: judBKlaw@gmail.com

In re Timberview Veterinary Hospital, Inc.
   Bankr. M.D. Pa. Case No. 16-01442
      Chapter 11 Petition filed April 6, 2016
         See http://bankrupt.com/misc/pamb16-01442.pdf
         represented by: Henry W. Van Eck, Esq.
                         METTE, EVANS, & WOODSIDE
                         E-mail: hwvaneck@mette.com

In re Empanorth, Inc.
   Bankr. D.P.R. Case No. 16-02677
      Chapter 11 Petition filed April 6, 2016
         See http://bankrupt.com/misc/prb16-02677.pdf
         represented by: Gloria M. Justiniano Irizarry, Esq.
                         JUSTINIANO'S LAW OFFICE
                         E-mail: justinianolaw@gmail.com

In re Productos Eli, Inc.
   Bankr. D.P.R. Case No. 16-02679
      Chapter 11 Petition filed April 6, 2016
         See http://bankrupt.com/misc/prb16-02679.pdf
         represented by: Gloria M. Justiniano Irizarry, Esq.
                         JUSTINIANO'S LAW OFFICE
                         E-mail: justinianolaw@gmail.com

In re Joisca Santiago Matias
   Bankr. D.P.R. Case No. 16-02693
      Chapter 11 Petition filed April 6, 2016
         See http://bankrupt.com/misc/prb16-02693.pdf
         represented by: Angel Miguel Roman Ongay, Esq.
                         E-mail: mitchroman@hotmail.com

In re Tango Logistx, LLC
   Bankr. E.D. Tex. Case No. 16-40643
      Chapter 11 Petition filed April 6, 2016
         See http://bankrupt.com/misc/txeb16-40643.pdf
         represented by: Keith William Harvey, Esq.
                         THE HARVEY LAW FIRM,PC
                         E-mail: harvey@keithharveylaw.com

In re Gorman Group, Inc.
   Bankr. E.D. Tex. Case No. 16-40646
      Chapter 11 Petition filed April 6, 2016
         See http://bankrupt.com/misc/txeb16-40646.pdf
         represented by: Keith William Harvey, Esq.
                         THE HARVEY LAW FIRM,PC
                         E-mail: harvey@keithharveylaw.com
In re Nelson Sanchez
   Bankr. C.D. Cal. Case No. 16-14490
      Chapter 11 Petition filed April 6, 2016
         represented by: Anthony Obehi Egbase, Esq.
                         LAW OFFICES OF ANTHONY O EGBASE & ASSOC.
                         E-mail: info@anthonyegbaselaw.com

In re Craig's Guns & Tactical, Inc.
   Bankr. N.D. Ala. Case No. 16-81045
      Chapter 11 Petition filed April 7, 2016
         See http://bankrupt.com/misc/alnb16-81045.pdf
         represented by: Stuart M Maples, Esq.
                         MAPLES LAW FIRM, PC
                         E-mail: smaples@mapleslawfirmpc.com

In re Eduardo Asturias
   Bankr. C.D. Cal. Case No. 16-14467
      Chapter 11 Petition filed April 7, 2016
         Filed Pro Se

In re David Eugene Foyil
   Bankr. E.D. Cal. Case No. 16-22194
      Chapter 11 Petition filed April 7, 2016
         represented by: David Foyil, Esq.

In re Paul Christensen
   Bankr. N.D. Cal. Case No. 16-10298
      Chapter 11 Petition filed April 7, 2016
         represented by: Peter L. Kutrubes, Esq.
                         LAW OFFICES OF PETER L. KUTRUBES
                         E-mail: Kutrubes-group2@kutrubeslaw.com

In re Parthenon Corporation
   Bankr. D. Guam Case No. 16-00043
      Chapter 11 Petition filed April 7, 2016
         See http://bankrupt.com/misc/gub16-00043.pdf
         represented by: Darleen E. Hiton, Esq.
                         PHILLIPS AND BORDALLO
                         E-mail: dhiton@gmail.com

In re S Truett Hearn
   Bankr. D. Idaho Case No. 16-00447
      Chapter 11 Petition filed April 7, 2016
         Represented by: D Blair Clark, Esq.
                         E-mail: dbc@dbclarklaw.com

In re Maria S. Rodriguez
   Bankr. N.D. Ill. Case No. 16-11959
      Chapter 11 Petition filed April 7, 2016
         Represented by: Richard L Hirsh, Esq.
                         RICHARD L HIRSH, PC
                         E-mail: richala@sbcglobal.net

In re Ronnie H. Vanderford
   Bankr. S.D. Miss. Case No. 16-01216
      Chapter 11 Petition filed April 7, 2016
         Represented by: J. Walter Newman IV, Esq.
                         NEWMAN & NEWMAN
                         E-mail: wnewman95@msn.com

In re JISH Investments, LLC
   Bankr. E.D.N.C. Case No. 16-01850
      Chapter 11 Petition filed April 7, 2016
         Filed Pro Se

In re Carriage Park Associates, LLC
   Bankr. W.D.N.C. Case No. 16-10131
      Chapter 11 Petition filed April 7, 2016
         See http://bankrupt.com/misc/ncwb16-10131.pdf
         represented by: H. Trade Elkins, Esq.
                         ELKINS LAW FIRM, PA
                         E-mail: trade@elkinslawfirm.net

In re Maria E. Benavides
   Bankr. D. Nev. Case No. 16-11894
      Chapter 11 Petition filed April 7, 2016
         Represented by: Gina M Corena, Esq.
                         LAW OFFICE OF GINA M. CORENA, ESQ.
                         E-mail: gina@lawofficecorena.com

In re Obigor LLC
   Bankr. E.D.N.Y. Case No. 16-41474
      Chapter 11 Petition filed April 7, 2016
         See http://bankrupt.com/misc/nyeb16-41474.pdf
         filed Pro Se

In re The Great American Vending Machine Company, Inc.
   Bankr. E.D.N.Y. Case No. 16-71519
      Chapter 11 Petition filed April 7, 2016
         See http://bankrupt.com/misc/nyeb16-71519.pdf
         represented by: Anthony F Giuliano, Esq.
                         PRYOR & MANDELUP
                         E-mail: afg@pryormandelup.com

In re RGW Properties of Beaver County, Inc.
   Bankr. W.D. Pa. Case No. 16-21342
      Chapter 11 Petition filed April 7, 2016
         See http://bankrupt.com/misc/pawb16-21342.pdf
         represented by: Edgardo D. Santillan, Esq.
                         SANTILLAN LAW FIRM, PC
                         E-mail: edscourt@debtlaw.com

In re J.T. Anderson Funeral Home, Ltd.
   Bankr. W.D. Pa. Case No. 16-21344
      Chapter 11 Petition filed April 7, 2016
         See http://bankrupt.com/misc/pawb16-21344.pdf
         represented by: Edgardo D. Santillan, Esq.
                         SANTILLAN LAW FIRM, PC
                         E-mail: edscourt@debtlaw.com

In re Deja Vu Restaurants, Inc.
   Bankr. W.D. Tenn. Case No. 16-23386
      Chapter 11 Petition filed April 7, 2016
         See http://bankrupt.com/misc/tnwb16-23386.pdf
         represented by: Michael Don Harrell, Esq.
                         HARRELL AND ASSOCIATES
                         E-mail: harrellandassoc@bellsouth.net

In re Tango Truck Services, LLC
   Bankr. E.D. Tex. Case No. 16-40653
      Chapter 11 Petition filed April 7, 2016
         See http://bankrupt.com/misc/txeb16-40653.pdf
         represented by: Keith William Harvey, Esq.
                         The Harvey Law Firm, PC
                         E-mail: harvey@keithharveylaw.com

In re Tango Enterprises, Inc.
   Bankr. E.D. Tex. Case No. 16-40655
      Chapter 11 Petition filed April 7, 2016
         See http://bankrupt.com/misc/txeb16-40655.pdf
         represented by: Keith William Harvey, Esq.
                         The Harvey Law Firm, PC
                         E-mail: harvey@keithharveylaw.com

In re Cango, Inc.
   Bankr. E.D. Tex. Case No. 16-40656
      Chapter 11 Petition filed April 7, 2016
         See http://bankrupt.com/misc/txeb16-40656.pdf
         represented by: Keith William Harvey, Esq.
                         The Harvey Law Firm, PC
                         E-mail: harvey@keithharveylaw.com

In re GMGO, LLC
   Bankr. E.D. Tex. Case No. 16-40657
      Chapter 11 Petition filed April 7, 2016
         See http://bankrupt.com/misc/txeb16-40657.pdf
         represented by: Keith William Harvey, Esq.
                         The Harvey Law Firm, PC
                         E-mail: harvey@keithharveylaw.com

In re AO Manufacturing, LLC
   Bankr. S.D. Tex. Case No. 16-31840
      Chapter 11 Petition filed April 7, 2016
         See http://bankrupt.com/misc/txsb16-31840.pdf
         represented by: Matthew Louis Pepper, Esq.
                         E-mail: pepperlaw@msn.com


In re Elton Herbert Darby, Jr.
   Bankr. N.D. Ala. Case No. 16-81079
      Chapter 11 Petition filed April 8, 2016
         Represented by: Kevin D. Heard, Esq.
                         HEARD ARY, LLC
                         E-mail: kheard@heardlaw.com

In re Tommy John Hoover and Terry Lynn Hoover
   Bankr. D. Ariz. Case No. 16-03738
      Chapter 11 Petition filed April 8, 2016
         Represented by: THOMAS H. ALLEN, Esq.
                         ALLEN BARNES & JONES,PLC
                         E-mail: tallen@allenbarneslaw.com

In re Steven D. Poole and Baudelia Rodriguez Gonzalez
   Bankr. D. Ariz. Case No. 16-03743
      Chapter 11 Petition filed April 8, 2016
         Represented by: THOMAS H. ALLEN, Esq.
                         ALLEN BARNES & JONES,PLC
                         E-mail: tallen@allenbarneslaw.com

In re BB&N LLC
   Bankr. D. Ariz. Case No. 16-03749
      Chapter 11 Petition filed April 8, 2016
         See http://bankrupt.com/misc/azb16-03749.pdf
         represented by: Donald W. Powell, Esq.
                         CARMICHAEL & POWELL, PC
                         E-mail: d.powell@cplawfirm.com

In re Nader Karimi
   Bankr. C.D. Cal. Case No. 16-14521
      Chapter 11 Petition filed April 8, 2016
         Represented by: Marcus G Tiggs, Esq.
                         BAYER WISHMAN & LEOTTA
                         E-mail: mtiggs@lawbwl.com

In re LMK & B, LLC
   Bankr. D. Conn. Case No. 16-20576
      Chapter 11 Petition filed April 8, 2016
         See http://bankrupt.com/misc/ctb16-20576.pdf
         Filed Pro Se

In re Dinsons Inc.
   Bankr. M.D. Fla. Case No. 16-01329
      Chapter 11 Petition filed April 8, 2016
         See http://bankrupt.com/misc/flmb16-01329.pdf
         represented by: Jason A Burgess, Esq.
                         THE LAW OFFICES OF JASON A. BURGESS, LLC
                         E-mail: jason@jasonaburgess.com

In re Invicta Homes & Development Corp.
   Bankr. D. Md. Case No. 16-14758
      Chapter 11 Petition filed April 8, 2016
         See http://bankrupt.com/misc/mdb16-14758.pdf
         represented by: Angela Gallagher, Esq.
                         JOHNSON AND ASSOCIATES, PC
                         E-mail: gallagher@johnsonassociates.pro

In re The Tax Doctors Inc.
   Bankr. D. Mont. Case No. 16-60316
      Chapter 11 Petition filed April 8, 2016
         See http://bankrupt.com/misc/mtb16-60316.pdf
         represented by: Harold V Dye, Esq.
                         DYE & MOE,PLLP
                         E-mail: hdye@dyemoelaw.com

In re Antoine Phillipe Malouf
   Bankr. E.D.N.C. Case No. 16-01888
      Chapter 11 Petition filed April 8, 2016
         Represented by: Trawick H Stubbs, Jr., Esq.
                         STUBBS & PERDUE, PA
                         E-mail: efile@stubbsperdue.com

In re Philip Brian Atwell
   Bankr. D.N.J. Case No. 16-16825
      Chapter 11 Petition filed April 8, 2016
         Represented by: Jules L. Rossi, Esq.
                         LAW OFFICE OF JULES L. ROSSI
                         E-mail: jlrbk423@aol.com

In re Alla V Kosova
   Bankr. D. Nev. Case No. 16-11907
      Chapter 11 Petition filed April 8, 2016
         Represented by: Seth D Ballstaedt, Esq.
                         THE BALLSTAEDT LAW FIRM
                         E-mail: seth@ballstaedtlaw.com

In re Edgemere Inc
   Bankr. E.D.N.Y. Case No. 16-71539
      Chapter 11 Petition filed April 8, 2016
         See http://bankrupt.com/misc/nyeb16-71539.pdf
         filed Pro Se

In re Jaya P. Sapra
   Bankr. S.D.N.Y. Case No. 16-22485
      Chapter 11 Petition filed April 8, 2016
         Represented by: Barak P Cardenas, Esq.
                         CARDENAS ISLAM & ASSOCIATES, PLLC
                         E-mail: barak@cardenasislam.com

In re Parker Penelope Corporation
   Bankr. S.D.N.Y. Case No. 16-35641
      Chapter 11 Petition filed April 8, 2016
         See http://bankrupt.com/misc/nysb16-35641.pdf
         filed Pro Se

In re Oriental Cantones, Inc.
   Bankr. D.P.R. Case No. 16-02759
      Chapter 11 Petition filed April 8, 2016
         See http://bankrupt.com/misc/prb16-02759.pdf
         represented by: Robert Millan, Esq.
                         MILLAN LAW OFFICES
                         E-mail: rmi3183180@aol.com

In re RJJJ Enterprises LLC
   Bankr. D.R.I. Case No. 16-10610
      Chapter 11 Petition filed April 8, 2016
         See http://bankrupt.com/misc/rib16-10610.pdf
         represented by: Gary M. Hogan, Esq.
                         BAKER, BRAVERMAN & BARBADORO, PC
                         E-mail: garyh@bbb-lawfirm.com

In re Donald William Wainwright, Sr.
   Bankr. M.D. Fla. Case No. 16-01336
      Chapter 11 Petition filed April 10, 2016
         Represented by: Andrew M Bonderud, Esq.
                         THE BONDERUD LAW FIRM PA
                         E-mail: BonderudLaw@gmail.com

In re Marcie Electric Inc
   Bankr. E.D. Mich. Case No. 16-30892
      Chapter 11 Petition filed April 10, 2016
         See http://bankrupt.com/misc/mieb16-30892.pdf
         represented by: Guy T. Conti, Esq.
                         THE LAW OFFICES OF GUY T. CONTI, PLLC
                         E-mail: gconti@contilegal.com
In re Marc Spector and Syri Kristin Hall
   Bankr. D. Ariz. Case No. 16-03788
      Chapter 11 Petition filed April 11, 2016
         Filed Pro Se

In re Tamara Taylor Reeder
   Bankr. N.D. Cal. Case No. 16-40949
      Chapter 11 Petition filed April 11, 2016
         represented by: Robert L. Goldstein, Esq.
                         LAW OFFICES OF ROBERT L. GOLDSTEIN
                         E-mail: rgoldstein@taxexit.com

In re Jave Cab, Inc.
   Bankr. D. Mass. Case No. 16-11338
      Chapter 11 Petition filed April 11, 2016
         See http://bankrupt.com/misc/mab16-11338.pdf
         represented by: Joseph P. Foley, Esq.
                         LAW OFFICES OF JOSEPH P. FOLEY
                         E-mail:
bostonbankruptcyattorneys@gmail.com

In re Tracy John Clement
   Bankr. D. Minn. Case No. 16-31189
      Chapter 11 Petition filed April 11, 2016
         Represented by: James C. Brand, Esq.
                         FREDRIKSON & BYRON PA
                         E-mail: jbrand@fredlaw.com

In re Earth House Inc
   Bankr. D.N.J. Case No. 16-16949
      Chapter 11 Petition filed April 11, 2016
         See http://bankrupt.com/misc/njb16-16949.pdf
         represented by: Andre L. Kydala, Esq.
                         LAW FIRM OF ANDRE L. KYDALA
                         E-mail: kydalalaw@aim.com

In re Gillespie Office and Systems Furniture, Inc.
   Bankr. D. Nev. Case No. 16-11943
      Chapter 11 Petition filed April 11, 2016
         See http://bankrupt.com/misc/nvb16-11943.pdf
         represented by: Zachariah Larson, Esq.
                         LARSON & ZIRZOW
                         E-mail: carey@lzlawnv.com

In re Prem Kumar Kittusamy and Bhuvaneswari P. Kittusamy
   Bankr. D. Nev. Case No. 16-11944
      Chapter 11 Petition filed April 11, 2016
         Represented by: Matthew L. Johnson, Esq.
                         MATTHEW L. JOHNSON & ASSOCIATES, PC
                         E-mail: annabelle@mjohnsonlaw.com

In re Via Niza, Inc.
   Bankr. D.P.R. Case No. 16-02825
      Chapter 11 Petition filed April 11, 2016
         See http://bankrupt.com/misc/prb16-02825.pdf
         represented by: Herman Francisco Valentin Figueroa, Esq.
                         HERMAN F. VALENTIN FIGUEROA & ASSOCIATES
                         E-mail: ecf-cm@hvalentinassoc.com

In re Tamanisha Charrell Wade
   Bankr. S.D. Tex. Case No. 16-31872
      Chapter 11 Petition filed April 11, 2016
         See http://bankrupt.com/misc/txsb16-31872.pdf
         filed Pro Se


                            *********

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.

                   *** End of Transmission ***