TCR_Public/160609.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, June 9, 2016, Vol. 20, No. 161

                            Headlines

ABC DISPOSAL: Webster Balked at Debtors Spending Insurance Proceeds
ADVANCED MICRO DEVICES: Files 2015 Conflict Minerals Report
AEROGROW INTERNATIONAL: SMG Growing Reports 80% Stake as of June 2
AEROPOSTALE INC: Battles Sycamore for Shot at Turnaround
ALPHA NATURAL: McKinsey Under Fire Again Over Disclosures

ALPHA NATURAL: Regulators Fear $1-Bil. Coal Cleanup Bill
AMPLIPHI BIOSCIENCES: Empery Asset Reports 6.38% Stake
ARCH COAL: Court Dismisses ICG Knott's Ch. 11 Case
ARCH COAL: Wants Lease Decision Deadline Extended to Aug. 8
ARCHDIOCESE OF ST. PAUL: Offers $65MM to Pay Abuse Victims

ATNA RESOURCES: Solitario Buys NSR Royalty in Montana Properties
AUBREY BRUCE WRING: June 28 Disclosure Statement Hearing Set
AUTHENTIDATE HOLDING: Amends Merger Agreement with AEON
AVELINO V. ROSALES: Court Confirms Plan, Approves Disclosures
AVSC HOLDING: Moody's Retains B2 CFR on Planned IPO

BILL BARRETT: S&P Lowers CCR to 'SD' on Distressed Debt Exchange
BLUFF CITY SHEET: U.S. Trustee Forms 3-Member Committee
BON-TON STORES: Files 2015 Conflict Minerals Report
C COMPANY: Unsec. Creditors Get 0%; Selling Equipment
C.R. REED: Wants Access to Tractor Lenders' Cash Collateral

CAESARS ENTERTAINMENT: Restructuring Adviser Warns of Ticking Clock
CARRICK TRUCKING: Trustee Selling Loader for $12.8K
CHARLES E. MCDANIEL: Court Confirms Plan, Approves Outline
CHARTER NEX: Moody's Retains B2 CFR on Shift on Debt Composition
CHICAGOLANDS MEDICAL: Hires Crane Heyman as Bankruptcy Counsel

CLASSIC COMMUNITIES: U.S. Trustee Forms 7-Member Committee
CLAUDETTE BREVITT-SCHOOP: Unsecureds to Get $2K Under Plan
COLUMBIA HOSPITALITY: U.S. Trustee Unable to Appoint Committee
COOPER-STANDARD AUTOMOTIVE: Moody's Raises CFR to B, Outlook Stable
COTT CORP: Moody's Affirms B2 CFR, Outlook Stable

CREATURE LLC: Has Interim Okay to Use Cash Collateral Until Aug. 2
CRV PRECAST: Wants Solicitation Period Extended to Aug. 2
CTI BIOPHARMA: Has Net Financial Standing of $63.1M as of April 30
CYTORI THERAPEUTICS: Extends Rights Offering Period to June 10
DAWSON INTERNATIONAL: Seeks Continued Use of Cash Management System

DECK CHASSIS: S&P Assigns 'BB-' CCR, Outlook Stable
DETROIT PUBLIC SCHOOLS: Local Officials at Odds Over Rescue Plan
DORSEY MOTOR: Asks for 90-Day Extension of Plan Filing Deadline
DREAM INTERNATIONAL: U.S. Trustee Unable to Appoint Committee
DREAM RECOVERY: U.S. Trustee Unable to Appoint Committee

ECI HOLDINGS: U.S. Trustee Unable to Appoint Committee
EMEKS REALTY: Proposes Adequate Protection Payments to Bank Lender
EMERALD OIL: Looks to Shed Mistream Pipeline Contracts
EMERALD OIL: Panel Taps Houlihan Lokey as Financial Advisor
EMMAUS LIFE: Incurs $4.45 Million Net Loss in March 31 Quarter

EMPIRE RESORTS: Names Emanuel Pearlman Executive Chairman
ENERGY XXI: Two More Creditors Appointed to Committee
ESB 1836: Unsecureds to be Paid From Litigation, Sale Proceeds
FAIRPOINT COMMUNICATIONS: Maglan Delivers Letter to CEO, Board
FAIRWAY GROUP: Bankruptcy Judge Confirms Reorganization Plan

FAIRWAY GROUP: Wins Approval of Restructuring Plan
FIELDWOOD ENERGY: Moody's Raises CFR to Caa2, Outlook Stable
FIFTH STREET FINANCE: Fitch Affirms 'BB' LT Issuer Default Rating
FIREBIRD RENEWAL: U.S. Trustee Unable to Appoint Committee
FIRST DATA: Files 2015 Conflict Minerals Report

FIRST EVANGELIST HOUSING: Selling Jackson Property for $21K
FIRST VISTA: Case Summary & 2 Unsecured Creditors
FORTERRA BUILDING: S&P Affirms 'B' CCR, Outlook Stable
FPMC AUSTIN: Seeks to Hire Cherry Bekaert as Accountant
FTS INTERNATIONAL: S&P Lowers CCR to 'CC' on Debt Repurchase Offer

GA PROPERTY: Hires Vilarino & Associates as Bankruptcy Counsel
GAMAXPORT INC: Hires Vilarino & Associates as Bankr. Counsel
GEORGE A. OLSEN JR: Court Confirms Plan, Approves Disclosures
GRAY TELEVISION: Moody's Raises CFR to B1 & Rates New Notes B3
GRAY TELEVISION: S&P Affirms 'B+' CCR & Rates $425MM Notes 'B+'

H&S BUSINESS: Wants Access to One World Bank's Cash Collateral
HALLUCINATION MEDIA: Taps Williamson Law Firm as Bankr. Counsel
HANOVER PARMENTER: Court Places Payments to Ms. Toombs on Hold
HARRINGTON & KING: Hires FactorLaw as Bankruptcy Counsel
HERCULES OFFSHORE: Centerbridge Challenges Return to Ch. 11

HERCULES OFFSHORE: Has Interim Access to Jefferies' Cash Collateral
HERCULES OFFSHORE: Hires Prime Clerk as Claims & Noticing Agent
HILLSIDE OFFICE: Taps Giordano Halleran as Bankruptcy Counsel
INFOR (US): Fitch Assigns 'B' IDR, Outlook Stable
INTELLIPHARMACEUTICS INT'L: Closes Public Offering for US$5.2M

INVERRARY RESORT: Debtors Say Lender Oversecured By At Least $7M
IRON BRIDGE TOOLS: Hires Rice Pugatch as Bankruptcy Counsel
JAMES H. ALFORD JR: July 19 Disclosure Statement Hearing Set
JAMES WILLETT: Court Confirms Plan Giving 60% to Unsecureds
JANUS MEDICAL: Hires Shorty & Assoc. as Counsel

JC PENNEY: S&P Assigns 'B+' Rating on Proposed $2BB Sr. Loan
JD POWER: Moody's Retains B2 CFR on $25MM Debt Increase
JEFFERIES LOANCORE: S&P Affirms 'B+' ICR, Outlook Remains Stable
JEFFREY A. WEBB: July 8 Plan Confirmation Hearing
JORGE E. RODRIGUEZ: Disclosure Statement Hearing Moved to Aug. 24

KALOBIOS PHARMACEUTICALS: Seeks Court Approval of Equity Awards
KENTUCKY ASSOCIATES: Voluntary Chapter 11 Case Summary
LAPRADE'S MARINA: Court Okays Continued Access to Cash Collateral
LEHMAN BROTHERS: Can Sell Claim Against European Affiliate
LIGHT TOWER: Moody's Lowers CFR to Caa3, Outlook Remains Negative

LIGHTNING BOLT: Wants Plan Filing Period Extended to Aug. 26
LIVE NATURALLY: Hires Henderson Law Firm as Counsel
LOTUS STORES: Voluntary Chapter 11 Case Summary
LUIS CARLOS AGUIRRE: Court Approves Disclosures, Confirms Plan
MCCORKLE CONCRETE: Hires Henderson Law Firm as Counsel

MEDICAL INVESTORS: Hires Mark Starcher as Bookkeeper
MET-TEC INC: Ch.11 Trustee Hires Mahady & Mahady as Attorney
MICHAEL CURTIS RAY: July 12 Plan Confirmation Hearing
MICROSEMI CORP: S&P Revises Rating on Sr. Sec. Term Loans to 'BB'
MICROVISION INC: Files Specialized Disclosure Report with SEC

MICROVISION INC: Plans to Sell $35M Worth of Securities
MONAKER GROUP: Borrows $300,000 from Monaco Insurance Trust
MONAKER GROUP: Delays Filing of Fiscal 2015 Annual Report
NATASHA N. DREMLYUGA: Unsecureds to Get $1K Per Month for 10 Yrs.
NORTHSTAR ASSET: Moody's Affirms Ba2 Corporate Family Rating

NORTHWEST TERRITORIAL: Panel Hires Miller Nash as Counsel
NRG ENERGY: S&P Assigns 'BB+' Rating on $2.511BB Sr. Revolver
OSAGE EXPLORATION: U.S. Trustee Wants Case Converted to Ch. 7
PACIFIC EXPLORATION: CCAA Gets U.S. Bankruptcy Court Recognition
PACIFIC EXPLORATION: Judge Approves Ch. 15 Request

PALADIN ENERGY: Court Extends Cash Collateral Pact to June 30
PENN VIRGINIA: Republic Midstream Urges Rejection of Plan
PHENOMENOME DISCOVERIES: FTI Consulting to Sell Assets
PHOENIX BRANDS: Hires HunterPoint???s Furman as CRO
PHOENIX BRANDS: Hires Osler Hoskin as Canadian Counsel

PHOENIX BRANDS: Hires Pachulski Stang as Co-Counsel
PHOENIX MANUFACTURING: Affiliates Tap Jennings as Legal Counsel
RAFAEL BRAVO: July 19 Plan Confirmation Hearing Set
REED EQUIPMENT: Seeks to Hire Harris Shelton as Counsel
REO HOLDINGS: Hires Strawn & Edwards as Attorney

RICHARD CORP: Hires Stichter Riedel as Counsel
RICHARD CORP: Hires Tuscan as Financial Advisors & Accountants
RICHARD PROSKE: Unsecureds to Get 100% Under Plan
RIVERSIDE PLAZA: Hires Tracy Cross as Leasing Consultant
ROADRUNNER ENTERPRISES: Taps Adams Jenkins as Accountant

ROCKWELL MEDICAL: Ronald Boyd Reelected as Director
ROYWELL SERVICES: Case Summary & 20 Largest Unsecured Creditors
ROYWELL SERVICES: Files for Bankruptcy With Deal to Sell to Lender
RYAN D. MULDER: July 18 Disclosure Statement Hearing Set
SANDRIDGE ENERGY: Two More Creditors Appointed to Committee

SEARS HOLDINGS: Files 2015 Conflict Minerals Report
SEVENTY SEVEN: Case Summary & 30 Largest Unsecured Creditors
SEVENTY SEVEN: Expects Prepack Case Done in 60 Days
SEVENTY SEVEN: Seeks Joint Administration of Cases
SEVENTY SEVEN: Wants to Hire Prime Clerk as Claims & Noticing Agent

SEVENTY SEVEN: Wells Fargo & BofA Extend $100M of DIP Financing
SH 130 CONCESSION: Seeks Lease Decision Deadline Moved to Sep. 28
SHEEHAN PIPE LINE: Committee Taps Foley & Lardner as Counsel
SHEEHAN PIPE LINE: Committee Taps Frederic as Local Counsel
SIDNEY ALBERT JOHNSON JR: July 19 Disclosure Statement Hearing Set

SIX FLAGS: Moody's Assigns B3 Rating on Proposed $300MM Sr. Notes
SIX FLAGS: S&P Assigns 'BB-' Rating on Proposed $300MM Notes
SKAGIT GARDENS: Court Orders Joint Administration of Cases
SKAGIT GARDENS: Wants to Use Cash Collateral of Secured Parties
SONNY MAWARDI: July 27 Plan Confirmation Hearing Set

SOUTHCROSS HOLDINGS: Court Closes Chapter 11 Cases
SOUTHWESTERN WISCONSIN: Needs Access to Lender's Cash Collateral
SPEEDWAY MOTORSPORTS: S&P Affirms 'BB+' CCR, Outlook Stable
SPORTS AUTHORITY: Wants Sept. 28 Exclusive Plan Filing Deadline
STARDUST FINANCE: Moody's Affirms B2 CFR, Outlook Remains Stable

STEEL FUNDING: S&P Preliminary Rates Participation Notes 'BB+'
STONE ENERGY: JPMorgan Only Owns 539 Shares as of May 31
STUART MARTIN LEDIS: July 27 Plan Confirmation Hearing Set
SUGARMAN'S PLAZA: Case Summary & 6 Unsecured Creditors
SUNEDISON INC: Pushes Ahead on Project Spending as Creditors Fret

TANGO TRANSPORT: Committee Taps Stillwater as Financial Advisor
TEXAS PELLETS: North American Procurement Appointed to Committee
THOMAS WELTON NORWOOD: Plan to Pay 32% to Unsecured Creditors
TOUCHSTONE EXPLORATION: Executes Waiver to Credit Agreement
TRUE RELIGION: S&P Affirms 'CCC' CCR, Outlook Remains Negative

TTJ ENTERPRISES: Exclusive Plan Filing Period Extended to July 30
UCI HOLDINGS: Files Voluntary Chapter 11 Bankruptcy Petition
UGHS SENIOR LIVING: Hires CohnReznick LLP as Accountants
USAGM TOPCO: S&P Raises CCR to 'B+' on Proposed Merger
VALEANT PHARMACEUTICALS: Files 2015 Conflict Minerals Report

VALEANT PHARMACEUTICALS: Moody's Affirms B2 CFR, Outlook Neg.
VALEANT PHARMACEUTICALS: Terminates Michael Pearson as CEO
VANGUARD HEALTHCARE: Committee Taps Bass Berry as Legal Counsel
VERTAFORE INC: S&P Lowers CCR to 'B-', Off CreditWatch Negative
VERTELLUS SPECIALTIES: Bankruptcy Sets Stage for Sale

VESTIS RETAIL: Seeks to Extend Lease Decision Period to Nov. 14
VF HOLDING: Moody's Assigns B3 CFR, Outlook Stable
VINCENT KRAMER SEWELL: July 8 Plan Confirmation Hearing
VOGUE INTERNATIONAL: Moody's Puts B2 CFR Under Review for Upgrade
VOGUE INTERNATIONAL: S&P Puts 'B' CCR on CreditWatch Positive

WHOLELIFE PROPERTIES: Voluntary Chapter 11 Case Summary
WILLIAM CANADA JR: Objections to IRS Claims Sustained
WKI HOLDING: S&P Affirms 'B' CCR, Outlook Stable
[*] Global Economic Growth Rate Levels Remain Lower, Moody's Says
[*] Haynes & Boone's Bankruptcy Practice Adds Three New Partners

[*] S&P Puts 8 Federal Prison Project Revenue Bonds on Watch Neg.
[*] Two Top Law Firms Raise Associates' Pay
[^] Recent Small-Dollar & Individual Chapter 11 Filings

                            *********

ABC DISPOSAL: Webster Balked at Debtors Spending Insurance Proceeds
-------------------------------------------------------------------
The U.S. Bankruptcy Court held a hearing this week on a request by
ABC Disposal Service, Inc., and its debtor-affiliates for
permission to use certain insurance proceeds pledged to Webster
Bank, National Association, to secure repayment of a pre-petition
obligation.  Webster Bank didn't agree with the Debtors' proposal
100%.  At the conclusion of that hearing, the Honorable Joan N.
Feeney directed the parties to hammer out an agreed order and
submit it to her.  

                       About ABC Disposal

ABC Disposal Service, Inc. provides full service waste hauling,
disposal and recycling services, and sells, rents and services
compaction and baling equipment to a variety of industrial,
institutional, commercial and construction related customers.  

New Bedford Waste owns and operates municipal solid waste and
construction and demolition debris transfer stations in New
Bedford, Sandwich, and Rochester, Massachusetts which transfer and
process residential, commercial, industrial, and institutional and
construction wastes under approved state and local government
permits and licenses.

Solid Waste Services, Inc. is a Massachusetts corporation organized
in 1999 to hold an ownership interest in New Bedford Waste.

Shawmut Associates and A&L Enterprises are Massachusetts limited
liability companies which own and lease real estate to ABC and New
Bedford Waste in connection with their operations.

ZERO Waste Solutions, LLC is a Massachusetts limited liability
company formed in 2013 for the purposes of developing and operating
an advanced mixed waste recycling facility located on Shawmut
Associates' Rochester property to process and market recyclable
material and then turn unrecyclable material into compact, clean
burning, high yield fuel briquettes which have a variety of
industrial uses.

The principals of the Debtors are Laurinda F. Camara and her
children Susan M. Sebastiao, Kenneth J. Camara, Steven A. Camara,
and Michael A. Camara.  Each of the Principals owns 20% of the
stock in ABC.  Each of Susan M. Sebastiao, Kenneth J. Camara,
Steven A. Camara and Michael A. Camara own a 12.5% interest in New
Bedford Waste and a 25% interest in Shawmut Associates, A&L
Enterprises, and Solid Waste Services.  Solid Waste Services owns
the remaining 50% of the membership interests in New Bedford Waste.
New Bedford Waste owns 80% of the membership interests in ZERO
Waste.

ABC Disposal Service, Inc., New Bedford Waste Services, LLC, Solid
Waste Services, Inc., Shawmut Associates, LLC, A&L Enterprises,
LLC, and ZERO Waste Solutions, LLC, filed voluntary chapter 11
petitions (Bankr. D. Mass. Case Nos. 16-11787 through 16-11792) on
May 11, 2016.  The petitions were signed by Michael A. Camara as
vice president/CEO.  

Murphy & King Professional Corporation serves as the Debtors'
counsel.  Argus Management Corp. serves as their financial advisor.
Lawyers at Jager Smith P.C. represent the creditors' committee
appointed in the Debtors' cases.


ADVANCED MICRO DEVICES: Files 2015 Conflict Minerals Report
-----------------------------------------------------------
Advanced Micro Devices, Inc., has filed with the Securities and
Exchange Commission a specialized disclosure report on Form SD and
a Conflict Minerals Report for the reporting period Jan. 1, 2015,
to Dec. 31, 2015.

The Conflict Minerals Rule, as now in effect, requires disclosure
of certain information by companies filing reports with the SEC
that manufacture, or contract to manufacture, products for which
certain minerals specified in Section 13(p) of the Exchange Act and
the Rule as "conflict minerals" are necessary to the functionality
or production of those products.  These designated "conflict
minerals" are columbite-tantalite (coltan), cassiterite, gold,
wolframite and their derivatives, which are limited to tantalum,
tin and tungsten.  The term "Covered Countries" for purposes of the
Conflict Minerals Rule are the Democratic Republic of the Congo and
the following adjoining countries: the Republic of the Congo, the
Central African Republic, South Sudan, Rwanda, Uganda, Zambia,
Burundi, Tanzania and Angola.
AMD has determined that certain of its products contain conflict
minerals that are necessary to the functionality or production of
such products.  Accordingly, the Company is required under the Rule
to conduct a good-faith, reasonable country of origin inquiry
reasonably designed to determine whether any of the necessary
conflict minerals in its products either originated in the Covered
Countries or came from recycled or scrap materials.

A full-text copy of the Conflict Minerals Report is available at:

                       https://is.gd/l2s35L

                   About Advanced Micro Devices

Sunnyvale, California-based Advanced Micro Devices, Inc., is a
global semiconductor company.  The Company's products include x86
microprocessors and graphics.

Advanced Micro incurred a net loss of $660 million on $3.99 billion
of net revenue for the year ended Dec. 26, 2015, compared to a net
loss of $403 million on $5.50 billion of net revenue for the year
ended Dec. 27, 2014.

                          *     *     *

As reported by the TCR on Oct. 22, 2015, Standard & Poor's Ratings
Services said it lowered its corporate credit rating on Sunnyvale,
Calif.-based Advanced Micro Devices Inc. to 'CCC+' from 'B-'.  
"The downgrade reflects our expectation that AMD will experience a
more gradual return to revenue growth, ongoing competitive
challenges to restore operating profitability, and more severe
operating losses and negative free cash flow through 2016 than we
had previously forecast, despite recent improvements to its
liquidity," said Standard & Poor's credit analyst John Moore.

As reported by the TCR on March 16, 2016, Fitch Ratings has
downgraded and withdrawn the ratings for Advanced Micro Devices,
Inc. (AMD) including the Long-term Issuer Default Rating (IDR) to
'CCC' from 'B-'.  The downgrade reflects prospects for negative
free cash flow (FCF) over the intermediate term and the consequent
liquidity issues and refinancing risk that could develop as the
2019 and 2020 debt maturities approach.

In July 2015, Moody's Investors Service lowered Advanced Micro
Devices, Inc's ("AMD") corporate family rating to Caa1 from B3, and
the ratings on the senior unsecured notes to Caa2 from Caa1.  The
downgrade of the corporate family rating to Caa1 reflects AMD's
prospects for ongoing operating losses over the next year and
negative free cash flow.


AEROGROW INTERNATIONAL: SMG Growing Reports 80% Stake as of June 2
------------------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, SMG Growing Media, Inc. and The Scotts Miracle-Gro
Company disclosed that as of June 2, 2016, they beneficially own
24,693,704 shares of common stock of AeroGrow International, Inc.,
representing 80 percent of the shares outstanding.

On June 2, 2016, representatives of the Reporting Persons met with
the board of directors and selected members of management of the
Issuer.  During this meeting the Scotts Representatives informed
the Issuer of the Reporting Persons' intention.

Each Reporting Person expects to continue to evaluate on an ongoing
basis the Issuer's financial condition and prospects and its
interest in, and intentions with respect to, the Issuer and their
investment in the securities of the Issuer, which review may be
based on various factors, including whether various strategic
transactions have occurred or may occur, the Issuer's business and
financial condition, results of operations and prospects, general
economic and industry conditions, the securities markets in general
and those for the Issuer???s securities in particular, as well as
other developments and other investment opportunities, which, if
effected, could result in, among other things, any of the matters
identified in Items 4(a)-(j) of Schedule 13D.

Accordingly, each Reporting Person reserves the right to further
change its intentions and develop different plans or proposals at
any time, as it deems appropriate.  In particular, each Reporting
Person may at any time and from time to time, (i) in the open
market, in privately negotiated transactions or otherwise, acquire
additional shares of Common Stock or other securities of the
Issuer, including acquisitions from affiliates of the Reporting
Persons; (ii) pledge, encumber, provide a security interest with
respect to, dispose of or transfer all or a portion of the
securities of the Issuer, including shares of Common Stock, that
the Reporting Persons now own or may hereafter acquire to any
person or entity, including transfers or dispositions to affiliates
of the Reporting Persons; (iii) enter into derivative and other
transactions with institutional counterparties with respect to the
Issuer's securities, including shares of Common Stock; (iv) cause
or seek to cause the Issuer or any of its subsidiaries to purchase
or otherwise acquire all or a portion of another person's assets or
business, including acquisitions from affiliates of the Reporting
Persons; (v) cause or seek to cause the Issuer or any of its
subsidiaries to enter into one or more acquisitions, business
combinations, mergers or agreements to sell, transfer or otherwise
dispose of all or any portion of its assets or business to any
person or entity, including sales, transfers and other dispositions
to affiliates of the Reporting Persons; (vi) raise capital, or
restructure the Issuer???s or any of its subsidiaries'
capitalization, indebtedness or holding company arrangements; (vii)
make personnel changes to the present management of the Issuer
deemed necessary or desirable; (viii) change the identity of the
directors or officers of the Issuer; (ix) make any other material
change in the Issuer's or any of its subsidiaries' corporate
structure, governance, or business; or (x) engage in communications
with one or more stockholders, officers or directors of the Issuer
and other persons regarding any of the matters described in clauses
(i) through (ix) above.

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

                       https://is.gd/bvt8lV

                          About AeroGrow
  
Boulder, Colo.-based AeroGrow International, Inc., is a developer,
marketer, direct-seller, and wholesaler of advanced indoor garden
systems designed for consumer use and priced to appeal to the
gardening, cooking, and healthy eating, and home and office decor
markets.

AeroGrow reported a net loss attributable to common shareholders of
$1.5 million on $17.9 million of net revenue for the year ended
March 31, 2015, compared with a net loss attributable to common
shareholders of $4.1 million on $9.3 million of of net revenue for
the year ended March 31, 2014.

As of Dec. 31, 2015, the Company had $15.04 million in total
assets, $12.5 million in total liabilities, all current, and $2.58
million in total stockholders' equity


AEROPOSTALE INC: Battles Sycamore for Shot at Turnaround
--------------------------------------------------------
Peg Brickley, writing for Daily Bankruptcy Review, reported that
Aeropostale Inc. may have to put its chain of teen apparel stores
up for auction by mid-July, but it is holding on to hope of a
turnaround and battling its top lender, an affiliate of
private-equity firm Sycamore Partners, for a chance.

According to the report, a brewing bankruptcy-court fight between
Aeropostale and Sycamore Partners -- as outlined in court documents
-- focuses on the crucial back-to-school selling season, normally a
high point for the retailer's revenue.

Sycamore wants Aeropostale to pick a lead bankruptcy auction bidder
by July 1 so buyers, possibly including liquidators, get the
advantage of taking over when students hit the stores for their
fall wardrobes, the report related.

Aeropostale says the money that will come in from back-to-school
sales could help with a reorganization or attract a buyer that will
keep the chain in operation, the report further related.  The
alternative is a liquidation, which threatens to wipe out thousands
of jobs and could leave hundreds of stores dark, the report said.

A??ropostale is pursuing a two-track strategy and will select the
best course, reorganization or sale, in the coming months, the
report added.

                 About Aeropostale, Inc.

Aeropostale, Inc. is a specialty retailer of casual apparel and
accessories, principally serving young women and men through its
Aeropostale(R) and Aeropostale Factory(TM) stores and website and
4
to 12 year-olds through its P.S. from Aeropostale stores and
website.  The Company provides customers with a focused selection
of high quality fashion and fashion basic merchandise at
compelling
values in an exciting and customer friendly store environment.
Aeropostale maintains control over its proprietary brands by
designing, sourcing, marketing and selling all of its own
merchandise.  As of May 1, 2016 the Company operated 739
Aeropostale(R) stores in 50 states and Puerto Rico, 41 Aeropostale
stores in Canada and 25 P.S. from Aeropostale(R) stores in 12
states.  In addition, pursuant to various licensing agreements,
the
Company's licensees currently operate 322 Aeropostale(R) and P.S.
from Aeropostale(R) locations in the Middle East, Asia, Europe,
and
Latin America.  Since November 2012, Aeropostale, Inc. has
operated
GoJane.com, an online women's fashion footwear and apparel
retailer.

Aeropostale, Inc. and 10 of its affiliates each filed a voluntary
petition under Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y.
Lead Case No. 16-11275) on May 4, 2016.  The petitions were signed
by Marc G. Schuback as senior vice president, general counsel and
secretary.

The Debtors listed total assets of $354.38 million and total debts
of $390.02 million as of Jan. 30, 2016.

The Debtors have hired Weil, Gotshal & Manges LLP as counsel; FTI
Consulting, Inc. as restructuring advisor; Stifel, Nicolaus &
Company, Inc. and Miller Buckfire & Company LLC as investment
bankers; RCS Real Estate Advisors as real estate advisors;  Prime
Clerk LLC as claims and noticing agent; Stikeman Elliot LLP as
Canadian counsel; and Togut, Segal & Segal LLP as conflicts
counsel.

Judge Sean H. Lane is assigned to the cases.


ALPHA NATURAL: McKinsey Under Fire Again Over Disclosures
---------------------------------------------------------
The American Bankruptcy Institute, citing Jim Christie of Reuters,
reported that a unit of McKinsey & Co working for Alpha Natural
Resources should be sanctioned for failing to fully disclose
potential conflicts in the coal producer's bankruptcy, a firm owned
by the founder of restructuring rival AlixPartners LLP said on June
6.

According to the report, the consulting company's unit has only
given the appearance of complying with bankruptcy disclosure rules,
Mar-Bow Value Partners LLC said in court papers written in part by
Steven Rhodes, the former judge in Detroit's landmark Chapter 9
bankruptcy case.

The Troubled Company Reporter, citing The Wall Street Journal,
previously reported that McKinsey & Co.'s role as confidential
adviser to the world's most influential companies is complicating
its effort to win lucrative work with some of the most troubled.

According to the report, the Justice Department recently objected
to bids by McKinsey's restructuring arm -- Recovery &
Transformation Services -- to work on the chapter 11 cases of
coal-mining firm Alpha Natural Resources Inc. and solar-project
developer SunEdison Inc.  The problem: McKinsey isn't naming
clients on its long list of business relationships that might
create conflicts of interest, the report pointed out.

                 About Alpha Natural Resources

Headquartered in Bristol, Virginia, Alpha Natural --
http://www.alphanr.com-- is a coal supplier, ranked second largest

among publicly traded U.S. coal producers as measured by 2014
consolidated revenues of $4.3 billion.  As of August 2015, Alpha
had 8,000 full time employees across many different states, with
UMWA representing 1,000 of the employees.

Alpha Natural Resources, Inc. (Bankr. E.D. Va. Case No. 15-33896)
and its affiliates filed separate Chapter 11 bankruptcy petitions
on Aug. 3, 2015, listing $9.9 billion in total assets as of June
30, 2015, and $7.3 billion in total liabilities as of June 30,
2015.

The petitions were signed by Richard H. Verheij, executive vice
president, general counsel and corporate secretary.

Judge Kevin R. Huennekens presides over the cases.

David G. Heiman, Esq., Carl E. Black, Esq., and Thomas A. Wilson,
Esq., at Jones Day serve as the Debtors' general counsel.  Tyler
P.
Brown, Esq., J.R. Smith, Esq., Henry P. (Toby) Long, III, Esq.,
and
Justin F. Paget, Esq., serve as the Debtors' local counsel.
Rothschild Group is the Debtors' financial advisor.  Alvarez &
Marshal Holdings, LLC, is the Debtors' investment banker.
Kurtzman
Carson Consultants, LLC, is the Debtors' claims and noticing
agent.

The U.S. Trustee for Region 4 appointed seven creditors of Alpha
Natural Resources Inc. to serve on the official committee of
unsecured creditors. Dennis F. Dunne, Esq., Evan R. Fleck, Esq.,
and Eric K. Stodola, Esq., at Milbank, Tweed, Hadley & McCloy LLP;
and William A. Gray, Esq., W. Ashley Burgess, Esq., and Roy M.
Terry, Jr., Esq. at Sands Anderson PC, represent the Committee.

                            *     *     *

Alpha Natural Resources, Inc. on March 8, 2016, disclosed that it
has filed a proposed Chapter 11 Plan of Reorganization and a
related Disclosure Statement with the United States Bankruptcy
Court for the Eastern District of Virginia.  Together with the
motion seeking approval of a marketing process for Alpha's core
operating assets, these filings provide for the sale of Alpha's
assets, detail a path toward the resolution of all creditor
claims,
and anticipate the emergence of a streamlined and sustainable
reorganized company able to satisfy its environmental obligations
on an ongoing basis.

By selling certain assets as a going concern and restructuring the
company's remaining assets into a reorganized Alpha, the company
is
able to provide maximum recovery to its creditors, while
preserving
jobs and putting itself in the best position to meet its
reclamation obligations.  This path will allow for a conclusion of
Alpha's bankruptcy proceedings by June 30, 2016.


ALPHA NATURAL: Regulators Fear $1-Bil. Coal Cleanup Bill
--------------------------------------------------------
Michael Corkery, writing for The New York Times' DealBook, reported
that regulators are wrangling with bankrupt coal companies to set
aside enough money to clean up Appalachia's polluted rivers and
mountains so that taxpayers are not stuck with the $1 billion
bill.

According to the report, the regulators worry that coal companies
will use the bankruptcy courts to pay off their debts to banks and
hedge funds, while leaving behind some of their environmental
cleanup obligations.  The industry asserts that its cleanup plans
-- which include turning defunct mines back into countryside -- are
comprehensive and well funded. But some officials say those plans
could prove unrealistic and falter as demand for coal remains weak,
the report related.

The latest battle is over Alpha Natural Resources, once a
high-flying coal company that borrowed hundreds of millions when
the coal market was booming but imploded in the face of competition
from cheaper natural gas and tougher environmental regulations, the
report further related.

West Virginia faces perhaps the greatest fallout from the flood of
coal bankruptcies that have hit the courts in the last year because
many of its mines are scheduled to close and will require extensive
cleanup, the report said.  The state took the unusual approach of
hiring a seasoned bankruptcy lawyer from New York who grew up in
West Virginia to represent its Department of Environmental
Protection in the Alpha case, the report added.

Alpha's current plan on the table would commit at least $209
million for reclamations and water treatment in five states:
Illinois, Kentucky, Tennessee, Virginia and West Virginia, but
Kevin Barrett worries that the cash is insufficient and that any
additional contributions depend on future coal sales, which show
little sign of recovery, the report said.

                  About Alpha Natural Resources

Headquartered in Bristol, Virginia, Alpha Natural --
http://www.alphanr.com-- is a coal supplier, ranked second largest

among publicly traded U.S. coal producers as measured by 2014
consolidated revenues of $4.3 billion.  As of August 2015, Alpha
had 8,000 full time employees across many different states, with
UMWA representing 1,000 of the employees.

Alpha Natural Resources, Inc. (Bankr. E.D. Va. Case No. 15-33896)
and its affiliates filed separate Chapter 11 bankruptcy petitions
on Aug. 3, 2015, listing $9.9 billion in total assets as of June
30, 2015, and $7.3 billion in total liabilities as of June 30,
2015.

The petitions were signed by Richard H. Verheij, executive vice
president, general counsel and corporate secretary.

Judge Kevin R. Huennekens presides over the cases.

David G. Heiman, Esq., Carl E. Black, Esq., and Thomas A. Wilson,
Esq., at Jones Day serve as the Debtors' general counsel.  Tyler
P.
Brown, Esq., J.R. Smith, Esq., Henry P. (Toby) Long, III, Esq.,
and
Justin F. Paget, Esq., serve as the Debtors' local counsel.
Rothschild Group is the Debtors' financial advisor.  Alvarez &
Marshal Holdings, LLC, is the Debtors' investment banker.
Kurtzman
Carson Consultants, LLC, is the Debtors' claims and noticing
agent.

The U.S. Trustee for Region 4 appointed seven creditors of Alpha
Natural Resources Inc. to serve on the official committee of
unsecured creditors. Dennis F. Dunne, Esq., Evan R. Fleck, Esq.,
and Eric K. Stodola, Esq., at Milbank, Tweed, Hadley & McCloy LLP;
and William A. Gray, Esq., W. Ashley Burgess, Esq., and Roy M.
Terry, Jr., Esq. at Sands Anderson PC, represent the Committee.

                            *     *     *

Alpha Natural Resources, Inc. on March 8, 2016, disclosed that it
has filed a proposed Chapter 11 Plan of Reorganization and a
related Disclosure Statement with the United States Bankruptcy
Court for the Eastern District of Virginia.  Together with the
motion seeking approval of a marketing process for Alpha's core
operating assets, these filings provide for the sale of Alpha's
assets, detail a path toward the resolution of all creditor
claims,
and anticipate the emergence of a streamlined and sustainable
reorganized company able to satisfy its environmental obligations
on an ongoing basis.

By selling certain assets as a going concern and restructuring the
company's remaining assets into a reorganized Alpha, the company
is
able to provide maximum recovery to its creditors, while
preserving
jobs and putting itself in the best position to meet its
reclamation obligations.  This path will allow for a conclusion of
Alpha's bankruptcy proceedings by June 30, 2016.


AMPLIPHI BIOSCIENCES: Empery Asset Reports 6.38% Stake
------------------------------------------------------
In a Schedule 13G filed with the Securities and Exchange
Commission, Empery Asset Management, LP, Ryan M. Lane and Martin D.
Hoe disclosed that as of May 31, 2016, they beneficially own
709,220 shares of common stock and 354,610 shares of Common Stock
issuable upon exercise of Warrants of AmpliPhi Biosciences
Corporation representing 6.38 percent of the shares outstanding.  A
copy of the regulatory filing is available for free at:

                      https://is.gd/3xtQvt

                         About AmpliPhi

AmpliPhi Biosciences Corp. is a biopharmaceutical company that
develops bacteriophage-based therapeutics.  It also develops an
internally generated pipeline of naturally occurring viruses
called bacteriophage (Phage) for the treatment of bacterial
infection, such as drug-resistant strains of bacteria that are
commonly found in the hospital setting.  The company's Phage
discovery also focuses on acute & chronic lung, sinus and
gastrointestinal infections.  AmpliPhi Biosciences was founded in
March 1989 and is headquartered in Glen Allen, Virginia.

Ampliphi Biosciences reported a net loss attributable to common
stockholders of $10.79 million on $475,000 of revenue for the year
ended Dec. 31, 2015, compared to net income attributable to common
stockholders of $21.8 million on $409,000 of revenue for the year
ended Dec. 31, 2014.

As of March 31, 2016, AmpliPhi had $28.3 million in total assets,
$5.74 million in total liabilities, $13.6 million in series B
redeemable convertible preferred stock and total stockholders'
equity of $8.89 million.

Ernst & Young LLP, in Richmond, Virginia, issued a "going concern"
qualification on the Company's consolidated financial statements
for the year ended Dec. 31, 2015, citing that the Company has
recurring losses from operations and has a net capital deficiency
that raise substantial doubt about its ability to continue as a
going concern.


ARCH COAL: Court Dismisses ICG Knott's Ch. 11 Case
--------------------------------------------------
Arch Coal, Inc., et al., sought and obtained approval from the U.S.
Bankruptcy Court for the Eastern District of Missouri to dismiss
the Chapter 11 case of Debtor ICG Knott County, LLC pursuant to
Section 1112(b) of the Bankruptcy code.

As previously reported in the Troubled Company Reporter, Arch Coal,
Inc., et al., ask the Bankruptcy Court, to dismiss ICG Knott County
in light of the closing of the sale and transfer of the membership
interests of Arch Coal and Debtor ICG, Inc., in ICG Knott County to
Quest Energy Inc., pursuant to a Membership Interest Purchase
Agreement.

According to the Debtors, it is important for the Selling Debtors
and the Purchaser that the Sold Debtor Case be dismissed promptly
after the closing of the Knott County Sale, which occurred on April
12, 2016.  The Purchaser does not wish to purchase assets that will
remain subject to the ongoing bankruptcy process or the claims of
creditors with respect to the Knott County Assets, the Debtors tell
the Court.  If the Sold Debtor remains in these chapter 11
proceedings after being sold to the Purchaser, its estate would be
subject to "substantial or continuing loss" due to its reclamation
obligations and its continuing operating costs, which are
substantial and do not support any significant value-generating
activities for the Selling Debtors, the Debtors further tell the
Court.

The Debtors are represented by Lloyd A. Palans, Esq., Marshall S.
Huebner, Esq., Brian M. Resnick, Esq., Michelle M. McGreal, Esq.,
and Kevin J. Coco, Esq., at Davis Polk, in New York; and Brian C.
Walsh, Esq., Cullen K. Kuhn, Esq., and Laura Uberti Hughes, Esq.,
at Bryan Cave LLP, in St. Louis, Missouri.

                         About Arch Coal

Founded in 1969, Arch Coal, Inc., is a producer and marketer of
coal in the United States, with operations and coal reserves in
each of the major coal-producing regions of the Country.  As of
January 2016, it was the second-largest holder of coal reserves in
the United States, owning or controlling over five billion tons of
proven and probable reserves.  As of the Petition Date, Arch
employed approximately 4,600 full and part-time employees.

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

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

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

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


ARCH COAL: Wants Lease Decision Deadline Extended to Aug. 8
-----------------------------------------------------------
Arch Coal, Inc. and its debtor-affiliates ask the U.S. Bankruptcy
Court for the Eastern District of Missouri to extend the time for
them to assume or reject unexpired leases of nonresidential real
property up to August 8, 2016, or such later date as may be agreed
in writing between the Debtors and any applicable lessor.

The Debtors also request confirmation that any Lease proposed to be
assumed or rejected by the Debtors (a) by a motion or (b) pursuant
to a proposed plan of reorganization, in each case filed on or
before the Extended Deadline (such proposal, a "Timely Election"),
shall not be deemed rejected under section 365(d)(4) of the
Bankruptcy Code, irrespective of whether the Court has entered an
order granting or denying such Timely Election by the Extended
Deadline, and such Lease shall be assumed or rejected only upon
further order of the Court approving such assumption or rejection.

The Debtors submit that, in light of the size, complexity and
demands of these cases, the large number of Leases and their
importance to the Debtors' operations, it would not be practical to
require them to make final determinations regarding the assumption
or rejection of Leases on or before the May 10, 2016 deadline,
which, absent an extension of time granted by this Court, would be
the date by which the Debtors would have to make those important
decisions pursuant to section 365(d)(4) of the Bankruptcy Code. By
extending the deadline under section 365(d)(4) of the Bankruptcy
Code by 90 days, the Debtors and their professionals will have
sufficient time to evaluate each of the Leases and make a reasoned
and thoughtful decision about whether to assume or reject each of
them.

                      About Arch Coal

Founded in 1969, Arch Coal, Inc. is a producer and marketer of
coal in the United States, with operations and coal reserves in
each of the major coal-producing regions of the Country.  As of
January 2016, it was the second-largest holder of coal reserves in
the United States, owning or controlling over five billion tons of
proven and probable reserves.  As of the Petition Date, Arch
employed approximately 4,600 full and part-time employees.

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

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

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

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


ARCHDIOCESE OF ST. PAUL: Offers $65MM to Pay Abuse Victims
----------------------------------------------------------
The American Bankruptcy Institute, citing Maria Wiering of The
Catholic Spirit, reported that the Archdiocese of St. Paul and
Minneapolis filed a plan for Reorganization identifying more than
$65 million in assets the archdiocese anticipates will be available
to compensate victims of clergy sexual abuse, with the potential
for that amount to grow.

According to the report, the plan outlines specific sources for
funds available for victim remuneration, including at least $8.7
million from the sale of archdiocesan properties, including three
chancery buildings on Cathedral Hill, as well as more than $33
million from insurance settlements.  It establishes a trust for
victim remuneration funds, with a court-approved allocation
protocol, the report related.

The plan also includes settlements from parish insurers of
approximately $13.7 million with the potential for future
settlements from archdiocesan insurers that are not currently
entering into agreements with the archdiocese, the report further
related.  The archdiocese is seeking to transfer the rights of
recovery for those policies to the trustee of the trust for
victims, the report added.

The plan filing came a day after decades-old sexual abuse claims
could be filed under the Minnesota Child Victims Act, which the
State Legislature passed in 2013, the report noted.  The law lifted
for three years the statute of limitations for child sexual abuse
civil suits, the report said.

                About The Archdiocese of Saint Paul
                          and Minneapolis

The Archdiocese of Saint Paul and Minneapolis was originally
established by the Vatican in 1850 and serves a geographical area
consisting of 12 greater Twin Cities metro-area counties in
Minnesota, including Ramsey, Hennepin, Anoka, Carver, Chicago,
Dakota, Goodhue, Le Sueur, Rice, Scott, Washington, and Wright
counties.  There are 187 parishes and approximately 825,000
Catholic individuals in the region.  These individuals and
parishes
are served by 3999 priests and 173 deacons.

The Archdiocese of St. Paul and Minneapolis filed for Chapter 11
protection (Bankr. D. Minn. Case No. 15-30125) in Minnesota on Jan.
16, 2015, saying it has large and growing liabilities related to
child sexual abuse and that its pension obligations are
underfunded.

The Debtor disclosed $45,203,010 in assets and $15,890,460 in
liabilities as of the Chapter 11 filing.

The Debtor has tapped Briggs and Morgan, P.A., as Chapter 11
counsel; BGA Management LLC d/b/a Alliance Management as financial
advisor; Lindquist & Vennum LLP as attorney.

Eleven other dioceses have commenced Chapter 11 bankruptcy cases in
the United States to settle claims from current and former
parishioners who say they were sexually molested by priests.

U.S. Trustee for Region 12 appointed five creditors to serve on the
official committee of unsecured creditors.

The U.S. Trustee appointed five creditors to serve on the Committee
of Parish Creditors.  Ginny Dwyer appointed as the acting
chairperson of the committee until such time as the members can
meet and officially elect their own person.


ATNA RESOURCES: Solitario Buys NSR Royalty in Montana Properties
----------------------------------------------------------------
Solitario Exploration & Royalty Corp. on June 6 disclosed that it
has purchased a 1.5% Net Smelter Return ("NSR") royalty on 15,831
acres of highly prospective mineral properties in Montana.  The
royalties were purchased from Atna Resources Inc. ("Atna") as part
of its Chapter 11 bankruptcy auction process.

In 2012, Atna evaluated the mineral potential on approximately
830,000 acres of mineral rights that it held in western Montana to
create a portfolio of NSR royalty properties.  Atna's criteria for
creating royalty properties from this vast mineral holding were the
presence of surface mineralization, historical mining and favorable
geology defined by exploration programs conducted by Anaconda
Copper, Phelps Dodge and several other companies.  Atna identified
11 properties with the highest mineral potential and created a 1.5%
NSR royalty on these parcels. With this purchase, Solitario now
owns the royalty on these 11 properties.

Chris Herald, President and CEO of Solitario stated: "This
acquisition is a building block to the royalty segment of our
company.  What is unique about these royalties are that they
pertain to private deeded property and are thus perpetually titled.
We were very pleased that our $2.50 per acre bid won the royalty
rights on these 15,831 acres.  The purchase price is the only
investment we will ever have to make to retain these royalties in
perpetuity.  Voluminous technical information suggests excellent
potential for Cu, Cu-Au, Cu-Ag and polymetallic mineralization on
these properties that is consistent with the largest mineral
deposits located in western Montana."

                         About Solitario

Solitario -- http://www.solitarioxr.com-- is an exploration and
royalty company traded on the NYSE MKT ("XPL") and on the Toronto
Stock Exchange ("SLR").  Solitario has a joint venture with Minera
Milpo (a Peruvian zinc miner) on its high-grade Bongar?? zinc
project in Peru and a 9.97% equity interest in Vendetta Mining.
Solitario's Management and Directors hold approximately 7.6%
(excluding options) of the Company's 39.0 million shares
outstanding.  Solitario's cash balance at end of the first quarter
of 2016 was approximately US$17 million.

                      About Atna Resources

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

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

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

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

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

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

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


AUBREY BRUCE WRING: June 28 Disclosure Statement Hearing Set
------------------------------------------------------------
Judge Paulette J. Delk of the U.S. Bankruptcy Court for the Western
District of Tennessee will convene a hearing to consider the
approval of the disclosure statement explaining Aubrey Bruce Wring
and Virginia A. Wring's plan on June 28, 2016, at 11:00 AM.

June 20, 2016 is fixed as the last day for filing and serving in
written objections to the disclosure statement.

The bankruptcy case is In re Aubrey Bruce Wring and Virginia A.
Wring, Debtors, Case No. 10-21899 (Bankr. W.D. Tenn.).

The Debtor is represented by:

          Michael P. Coury, Esq.
          GLANKER BROWN PLLC
          6000 Poplar Avenue, Suite 400
          Memphis, TN 38119


AUTHENTIDATE HOLDING: Amends Merger Agreement with AEON
-------------------------------------------------------
As previously reported, (i) on Nov. 18, 2015, Authentidate Holding
Corp. entered into an agreement and plan of merger with and a newly
formed acquisition subsidiary of the Company and Peachstate Health
Management LLC, d/b/a AEON Clinical Laboratories, (ii) on Jan. 26,
2016, the parties executed an Amended and Restated Agreement and
Plan of Merger, and (iii) on Jan. 27, 2016, the parties completed
the merger.

On May 31, 2016, the parties entered into Amendment No. 1 to the
Merger Agreement to provide, among other things, in the event that
the Company shall fail, for any reason, to receive approval by its
stockholders of the issuance of the additional shares of the
Company's common stock which may be issued to the former AEON
members in excess of the initial 19.9% tranche under the Amended
and Restated Merger Agreement by May 31, 2016, then AEON may, in
its sole discretion at any time thereafter by written notice to the
Company, rescind the Amended and Restated Merger Agreement and all
transactions completed hereunder.

A copy of the Amended and Restated Agreement and Plan of Merger is
available for free at https://is.gd/TmOVVE

                      About Authentidate

Authentidate Holding Corp. and its subsidiaries provide secure
web-based revenue cycle management applications and telehealth
products and services that enable healthcare organizations to
increase revenues, improve productivity, reduce costs, coordinate
care for patients and enhance related administrative and clinical
workflows and compliance with regulatory requirements.  The
Company's web-based services are delivered as Software as a Service
(SaaS) to its customers interfacing seamlessly with billing,
information and document management systems.  These solutions
incorporate multiple features and security technologies such as
business-rules based electronic forms, intelligent routing,
transaction management, electronic signatures, identity
credentialing, content authentication, automated audit trails and
remote patient management capabilities.  Both web and fax-based
communications are integrated into automated, secure and trusted
workflow solutions.

Authentidate reported a net loss of $9.7 million on $3.68 million
of total revenues for the year ended June 30, 2015, compared to a
net loss of $7.14 million on $5.55 million of total revenues for
the year ended June 30, 2014.

As of Dec. 31, 2015, Authentidate had $3.41 million in total
assets, $9.55 million in total liabilities and a $6.14 million
total shareholders' deficit.

EisnerAmper LLP, in New York, issued a "going concern"
qualification on the consolidated financial statements for the year
ended June 30, 2015, citing that the Company's recurring losses
from operations and negative cash flows from operations raise
substantial doubt about its ability to continue as a going concern.


AVELINO V. ROSALES: Court Confirms Plan, Approves Disclosures
-------------------------------------------------------------
Judge Gary Spraker of the U.S. Bankruptcy Court for the District of
Nevada on June 2, 2016, confirmed Avelino V. Rosales's Chapter 11
Plan of Reorganization and approved the accompanying disclosure
statement.

The bankruptcy case is In re: AVELINO V. ROSALES, Debtor,
BK-S-15-13399-abl (Bankr. D. Nev.).

The Debtor is represented by:

          Michael J. Harker, Esq.
          THE LAW OFFICES OF MICHAEL J. HARKER
          2901 El Camino Ave., #200
          Las Vegas, NV 89102
          Tel: (702) 248-3000
          Fax: (702) 425-7290


AVSC HOLDING: Moody's Retains B2 CFR on Planned IPO
---------------------------------------------------
Moody's Investors Service said that AVSC Holding Corp.'s planned
IPO is credit positive because the company intends to repay debt
with the net proceeds.  The impact on the company's B2 Corporate
Family Rating, instrument ratings and ratings outlook is uncertain
at this time as it will depend on the final issuance amount, which
will determine AVSC's capital structure and credit metrics.

AVSC operates under the brand name PSAV, is an international
provider of audio visual equipment and event technology support
within the hotel, resort and conference center industry.  The
company generated revenues of approximately $1.5 billion in fiscal
2015.  The company was acquired by Goldman Sachs affiliate Broad
Street Principal Investments and Olympus Partners on Jan. 24, 2014.


BILL BARRETT: S&P Lowers CCR to 'SD' on Distressed Debt Exchange
----------------------------------------------------------------
S&P Global Ratings lowered its corporate credit rating on
Denver-based Bill Barrett Corp. to 'SD' from 'B-'.  At the same
time, S&P lowered the ratings on the company's 7.625% senior notes
due 2019 to 'D' from 'CCC'.  The rating on the 7% senior unsecured
notes due 2022 remains 'CCC'.

"The downgrade reflects our assessment that the debt for equity
exchange on Bill Barrett's 7.625% senior unsecured notes was a
distressed exchange based on the holders receiving less than face
value, and our view that we expect a significant deterioration in
the company's operating cash flow in 2016 and 2017 due to weak
commodity prices," said S&P Global Ratings credit analyst Kevin
Kwok.  "In our opinion, there is a realistic possibility of a
covenant breach due to the inability of maintaining the minimum
interest coverage ratio of 2.5x within the next one to two years,"
he added.

On May 31, 2016, Bill Barrett Corp. entered into an exchange
agreement with an unaffiliated third-party holding company for a
portion of its 7.625% senior unsecured notes due 2019.  The company
agreed to exchange approximately $84.7 million of the
$400 million notes for 10 million shares of its common stock, which
amounts to almost 85% of par based on the closing price of $7.15 on
May 31, 2016.

S&P expects to review the corporate credit and issue-level ratings
in the next few days.  S&P's analysis will incorporate the
challenging operating environment for oil and gas companies at
current commodity prices and Bill Barrett's high leverage.



BLUFF CITY SHEET: U.S. Trustee Forms 3-Member Committee
-------------------------------------------------------
The U.S. trustee for Region 8 on June 7 appointed three creditors
of Bluff City Sheet Metal to serve on the official committee of
unsecured creditors.

The committee members are:

     (1) David George
         Mills Wilson George, Inc.
         1847 Vanderhorn
         Memphis, TN 38134
         (901) 373-5100

     (2) John Colmer
         Computer Environment, Inc.
         675 Stratford
         Memphis, TN 38122
         (901) 761-0885

     (3) William Chrzaszcz
         HVAC Sales and Supply Co., Inc.
         2015 Thomas Rd.
         Memphis, TN 38134
         (901) 373-2395

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 Bluff City Sheet Metal

Bluff City Sheet Metal sought protection under Chapter 11 of the
Bankruptcy Code in the Western District of Tennessee (Memphis)
(Case No. 16-24627) on May 17, 2016.  The petition was signed by
Richard E. Morgan, president.

The Debtor is represented by John L. Ryder, Esq., at Harris Shelton
Hanover Walsh, PLLC.  The case is assigned to Judge Paulette J.
Delk.

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


BON-TON STORES: Files 2015 Conflict Minerals Report
---------------------------------------------------
The Bon-Ton Stores, Inc., disclosed with the Securities and
Exchange Commission that it undertook a reasonable country of
origin inquiry with respect to the conflict minerals used in the
production of the Company's private brand merchandise and has
determined in good faith that for the year ended Dec. 31, 2015.

The Company has manufactured or contracted to manufacture products
as to which tin, tantalum, tungsten and/or gold, ("3TGs") are
necessary to the functionality of such products.  Based on the
RCOI, the Company believes or has reason to believe that a portion
of its necessary 3TGs may have originated in the DRC or a covered
country and knows or has reason to believe that those necessary
3TGs may not be from recycled or scrap sources.

The Conflict Minerals Report was filed with the SEC pursuant to
Rule 13p-1 under the Securities Exchange Act of 1934 for the
reporting period from Jan. 1, 2015, to Dec. 31, 2015.  The Rule was
adopted by the SEC to implement reporting and disclosure
requirements related to conflict minerals as mandated by the
Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.
The Rule imposes certain reporting obligations on SEC registrants
whose manufactured products contain conflict minerals that are
necessary to the functionality or production of their products.

"Conflict minerals" are defined as cassiterite,
columbite-tantalite, gold, wolframite, and their derivatives, which
are limited to tin, tantalum, tungsten, and gold for the purposes
of this assessment.

A copy of the Conflict Minerals Report is available for free at:

                       https://is.gd/C0GxlM

                       About Bon-Ton Stores

The Bon-Ton Stores, Inc., with corporate headquarters in York,
Pennsylvania and Milwaukee, Wisconsin, operates 270 stores, which
includes nine furniture galleries and four clearance centers, in
26 states in the Northeast, Midwest and upper Great Plains under
the Bon-Ton, Bergner's, Boston Store, Carson's, Elder-Beerman,
Herberger's and Younkers nameplates.  The stores offer a broad
assortment of national and private brand fashion apparel and
accessories for women, men and children, as well as cosmetics and
home furnishings.  For further information, please visit the
investor relations section of the Company's Web site at
http://investors.bonton.com.  

Bon-Ton Stores reported a net loss of $57.05 million on $2.71
billion of net sales for the fiscal year ended Jan. 30, 2016,
compared to a net loss of $6.97 million on $2.75 billion of net
sales for the fiscal year ended Jan. 31, 2015.

                           *     *     *

As reported in the TCR on Dec. 4, 2015, Moody's Investors Service
downgraded Bon-Ton Stores's Corporate Family Rating to Caa1 from
B3. The company's Speculative Grade Liquidity rating was affirmed
at SGL-2.  The rating outlook is stable.  The downgrade considers
the continuing and persistent negative pressure on Bon-Ton's
revenue and EBITDA margins which has been accelerating during the
course of fiscal 2015.

Standard & Poor's Ratings Services in December 2015 lowered its
corporate credit rating Bon-Ton Stores to 'CCC+' from 'B-'.
The outlook is negative.  S&P said the downgrade reflects both
Bon-Ton's weakening performance and our forecast for an
unsustainable capital structure and "less than adequate" liquidity.


C COMPANY: Unsec. Creditors Get 0%; Selling Equipment
-----------------------------------------------------
C Co. General Contractors, LLC, is seeking approval is seeking
approval from the U.S. Bankruptcy Court for the District of North
Dakota to sell its tools and equipment free and clear of liens and
encumbrances.

The Debtor presently does not operate and is incapable of
operating.  It says at this point it is unlikely that liquidation
of the Debtor under any scenario will result in a distribution to
unsecured creditors.  Virtually all of the Debtor's assets are
pledged and at this point it is unlikely that post-filing assets
will be sufficient to pay all administrative costs of the Debtor.
No unsecured creditor's committee has been appointed.

The Debtor has literally a thousand of individual items of tools
and equipment.  Seth Church, the managing member of the Debtor, has
contacted several auctioneers in an attempt to find a means to
liquidate the remaining tools and equipment of the company.  Only
one auctioneer has responded with any interest.  That particular
auctioneer indicated that given the expenses and the fees and the
depressed market for these items in Western North Dakota, an
auction sale would be a distress sale and the Debtor might be
fortunate to net after expenses of sale, $5,000 to $10,000 out of
its remaining tools and equipment.  Auction sale of the tools and
equipment would likely be as individual pieces for the most
valuable items, but many other items would likely be "bundled" and
sold in combination with several other items that might bring $1 to
$100. M any of those individual items, if sold individually and
privately might bring as much the bundled items.  Mr. Church will
maintain a log of each item sold, to whom sold, and price received,
and obtain receipts for all the sale.  Upon completion of the
sales, but not less that every two weeks, and upon conversion or
dismissal of the case, the Debtor shall file a report of sale of
disclosing all sales.

A copy of the list of tools and equipment to be sold attached to
the Supplement is available for free at:

   http://bankrupt.com/misc/C_Company_160_Sale_M.pdf

C Co. General Contractors is represented by:

         Kim M Kaler
         KALER DOELING, PLLP
         3429 Interstate Blvd.
         Fargo, ND 58103
         Telephone: (701) 232-8757
         E-mail: kjp@kaler-doeling.com

                  About C Co. General Contractors

C Company General Contractors, LLC, sought protection under Chapter
11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the
District of North Dakota (Fargo) (Case No. 15-30554) on
Dec. 23, 2015.  The Debtor is represented by Kip M. Kaler, Esq., at
Kaler Doeling, PLLP.  The case is assigned to Judge Shon Hastings.
The Debtor estimated assets of $0 to $50,000 and debt of $1 million
to $10 million.


C.R. REED: Wants Access to Tractor Lenders' Cash Collateral
-----------------------------------------------------------
Commercial Credit Group Inc. is C.R. Reed Transport, LLC's primaty
secured lender and holds a security interest in the Debtor's
tractors.  The Debtor tells the U.S. Bankruptcy Court that it
believes CCG is entitled to a first priority replacement lien on
all accounts receivable as adequate protection for interim use of
cash collateral.  Moreover, the Debtor needs access to that cash.
Accordingly, the Debtor asks the Court for permission to access
CCG's cash collateral on an interim basis, asks the Court to
schedule a final hearing, and asks the Court to grant postpetition
replacement liens to CCG.  

C.R. Reed Transport, LLC, dba Solid Rock Specialized Transport,
sought chapter 11 protection (Bankr. W.D. Tenn. Case No. 16-11098)
on June 1, 2016, and is represented by Thomas H. Strawn, Jr., Esq.,
at Strawn & Edwards, PLLC, in Dyersburg, Tenn.  At the time of the
filing, the Debtor estimated its assets at less than $50,000 and
its debts at more than $1 million.  


CAESARS ENTERTAINMENT: Restructuring Adviser Warns of Ticking Clock
-------------------------------------------------------------------
Jacqueline Palank, writing for Daily Bankruptcy Review, reported
that the battles over Caesars Entertainment Operating Co.'s $18
billion restructuring are threatening junior creditors' payout,
according to the casino company's financial adviser.

CEOC adviser James Millstein testified in bankruptcy court
Wednesday that the longer CEOC's junior bondholders and other
creditors withhold their support for its restructuring plan and
continue to pursue litigation against CEOC's parent in other
courts, the amount of money they stand to recover at the end of the
bankruptcy diminishes, according to the DBR report.

The American Bankruptcy Institute, citing Tracy Rucinski of
Reuters, reported that a U.S. bankruptcy judge said he must look
deeper into whether he has the authority to halt bondholder
lawsuits against Caesars Entertainment Corp. in New York and
Delaware given that proceedings have already begun.

According to Reuters, several hedge funds are suing the casino
company for a total of $11.4 billion, saying it reneged on
guarantees on bonds issued by its unit, which filed for bankruptcy
in January 2015.  Caesars plans to pump about $4 billion to help
restructure the unit, called Caesars Entertainment Operating Co.,
the report added.

Legal action against the parent could jeopardize the funding and
force it into bankruptcy as well, the unit argued in seeking an
injunction to stop the lawsuits, the report said.

U.S. Judge Benjamin Goldgar said in bankruptcy court in Chicago
that he may not have the power to stop the courts or parties
involved from proceeding with the cases because they are already in
motion, the report added.

                    About Caesars Entertainment

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

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

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

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

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

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

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

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


CARRICK TRUCKING: Trustee Selling Loader for $12.8K
---------------------------------------------------
Carrick Trucking, Inc.'s Liquidating Trustee, Kelly M. Hagan, is
asking the U.S. Bankruptcy Court for the Eastern District of
Michigan, Northern Division, for the entry granting the Trustee
authority to sell 1999 Komatsu WA250 Front End Loader, S/N A70375,
for $12,800, or better terms.

Subject to the approval of the Court having jurisdiction over the
Carrick case, the Trustee desires to sell the loader and buyer
desires to purchase it, all on the terms and conditions specified
in the agreement.

The purchase price (the "Purchase Price") for the Loader will be
$12,800 and a waiver of any claim to any portion of the sale
proceeds by Brian Carrick and Mark Carrick.  A copy of the Purchase
and Sale Agreement attached to the Supplement is available for free
at:

  http://bankrupt.com/misc/Carrick_Trucking_449_Sale_M.pdf

During the Chapter 11 proceeding, the loader was appraised at
$18,000.00.

The Trustee believes that a sale of the Property is in the best
interest of the estate and creditors.

The Trustee is represented by:

        Kevin M. Smith
        BEADLE SMITH, PLC
        445 South Livernois, Suite 305
        Rochester Hills, MI 48307-2577
        Telephone: (248) 650-6094, Ext. 15;
        Facsimile: (248) 650-6095
        E-mail: Ksmith@bbssplc.com

                      About Carrick Trucking

Carrick Trucking, Inc. sought Chapter 11 protection (Bankr. E. D.
Mi. Case No. 13-20904) on April 1, 2013 in Bay City.  The case is
assigned to Judge Daniel S. Opperman.  The Debtor is represented by
Rozanne M. Giunta, Esq.  The Debtor estimated $0 to $50,000 in
assets and $1,000,001 to $10,000,000 in debt.

Kelly M. Hagan was appointed the duly qualified and acting
Liquidating Trustee.  Upon the entry of the Order of Confirmation,
all assets of the Debtor and all claims arising under Chapter 5 of
the Bankruptcy Code were assigned to the Trustee for the benefit of
the Carrick Trucking Liquidating Trust.


CHARLES E. MCDANIEL: Court Confirms Plan, Approves Outline
----------------------------------------------------------
Judge Ronald B. King of the U.S. Bankruptcy Court for the Western
District of Texas, San Antonio Division, on June 2, 2016, confirmed
Charles E. McDaniel's combined plan of reorganization and approved
the disclosure statement explaining the Plan.

The secured and priority unsecured claims of the Internal Revenue
Service in the respective amounts of $60,114 and $21,125 will be
paid in full, in equal monthly installments, plus interest at the
applicable statutory rate, with the first payment being made no
later than 30 days after the effective date.

The bankruptcy case is In re: Charles E. McDaniel, Debtor,
Bankruptcy No. 16-50040 (Bankr. S.D. Tex.).

The Debtor is represented by:

          Dean W. Greer, Esq.
          2020 Mossrock, Suite 117
          San Antonio, TX 78230
          Tel: 210-342-7100
          Fax: 210-342-3633
          Email: dwgreer@sbcglobal.net


CHARTER NEX: Moody's Retains B2 CFR on Shift on Debt Composition
----------------------------------------------------------------
Moody's Investors Service said that Charter Nex US Holdings, Inc.'s
$43 million pay down of its second lien term loan and $13 million
pay down of its $50 million revolver with a $57 million first lien
term loan issuance is credit positive because it reduces interest
expense and improves liquidity by freeing up the full capacity of
the $50 million revolver.  The transaction nevertheless does not
impact the company's ratings, including its B2 Corporate Family
Rating and negative outlook, because Moody's remains concerned with
the company's high leverage and the integration risks associated
with the acquisition of Optimum Plastics, Inc.

                         RATINGS RATIONALE

Charter Nex US Holdings, Inc., headquartered in Milton, Wisconsin,
is a producer of specialty polyethylene film for primarily food and
consumer products, industrial and medical applications.  In
December 2015, Charter NEX announced the acquisition of Optimum
Plastics, Inc.  Charter NEX is a portfolio company of Pamplona
Capital Management, LLP.  Revenues for the 12 months ended March
2016 are approximately $309 million.

The principal methodology used in these ratings/analysis was
Packaging Manufacturers: Metal, Glass, and Plastic Containers
published in September 2015.


CHICAGOLANDS MEDICAL: Hires Crane Heyman as Bankruptcy Counsel
--------------------------------------------------------------
Chicagoland's Medical Services Organization LLC asks for
authorization from the Hon. Timothy A. Barnes of the U.S.
Bankruptcy Court for the Northern District of Illinois to employ
David K. Welch, Arthur G. Simon, Jeffrey C. Dan and Brian P. Welch
and the law firm of Crane, Heyman, Simon, Welch & Clar as
bankruptcy counsel.

A hearing on the request is set for June 14, 2016, at 10:00 a.m.

The Firm will:

      a. prepare necessary applications, motions, answers, orders,

         adversary proceedings, reports and other legal papers;

      b. provide the Debtor with legal advice with respect to its
         rights and duties involving its property as well as its
         reorganization efforts;

      c. appear in court and to litigate whenever necessary; and

      d. perform any and all other legal services that may be
         required from time to time in the ordinary course of the
         Debtor's business during the administration of this
         bankruptcy case.

The Firm will be paid at these hourly rates:

         Eugene Crane, Esq.                  $495
         Glenn R. Heyman, Esq.               $495
         Arthur G. Simon, Esq.               $495
         David K. Welch, Esq.                $495
         Scott R. Clar, Esq.                 $495
         Jeffrey C. Dan, Esq.                $430
         John H. Redfield, Esq.              $395
         Thomas W. Goedert, Esq.             $310

Prior to the filing of this Chapter 11 case, the Firm was paid
$40,000 as an advance payment retainer for its representation of
the Debtor in this bankruptcy case and matters related thereto.

David K. Welch, Esq., a partner at the Firm, assures the Court that
the Firm represent no interest adverse to that of the estate or the
Debtor in the matters upon which the Firm is to be engaged, and
that the Firm is a disinterested person within the meaning of
Sections 101(14) and 327 of the Bankruptcy Code.

The Firm can be reached at:

         David K. Welch, Esq.
         Arthur G. Simon, Esq.
         Jeffrey C. Dan, Esq.
         Brian P. Welch, Esq.
         Crane, Heyman, Simon, Welc & Clar
         135 South LaSalle Street, Suite 3705
         Chicago, IL 60603
         Tel: (312) 641-6777
         Fax: (312) 641-7114
         E-mail: dwelch@craneheyman.com
                 asimon@craneheyman.com
                 jdan@craneheyman.com
                 bwelch@craneheyman.com

Headquartered in Hillside, Illinois, Chicagoland's Medical Services
Organization, LLC, provides management and administrative services
to health care organizations and providers, including individual
physicians, physician networks, hospitals, and insurance companies.
It processes and pays medical claims on behalf of its clients,
administers benefit contracts for its clients, approves physician
referrals, and stores and manages its clients' patient health
information.

It filed for Chapter 11 bankruptcy protection (Bankr. N.D. Ill.
Case No. 16-15403) on May 5, 2016, estimating its assets at between
$1 million and $10 million and liabilities at between $500,000 and
$1 million.  The petition was signed by Damon Morse, manager.

Judge Timothy A. Barnes presides over the case.

Paul B. Porvaznik, Esq., at Davis McGrath LLXC and David K Welch,
Esq., at Crane, Heyman, Simon, Welch & Clar serve as the Debtor's
bankruptcy counsel.


CLASSIC COMMUNITIES: U.S. Trustee Forms 7-Member Committee
----------------------------------------------------------
Andrew Vara, acting U.S. trustee for Region 3, on June 7 appointed
seven creditors of Classic Communities Corp. to serve on the
official committee of unsecured creditors.

The committee members are:

     (1) Adams Drywall, Inc.
         403 South Erisman Road
         Manheim, PA 17545
         Phone: (717) 587-3040

     (2) Benfield Electric Co., Inc.
         Attn: Greg Benfield
         400 Hickory Drive, Suite 200
         Aberdeen, MD 21001
         Phone: (410) 879-1485
         Fax: (410) 893-0882

     (3) Esh???s Masonry, LLC
         959 Georgetown Road
         Paradise, PA 17562

     (4) James Lauer f/d/b/a Lauer Electric
         1158 Cord Drive
         Hummelstown, PA 17036

     (5) J.C. Snavely & Sons, Inc.
         150 Main Street
         Landisville, PA 17538
         Phone: (717) 898-2241

     (6) Mountain View Plumbing & Heating
         Attn: Stephen Stoltzfus
         172 Kansas Road
         Landisburg, PA 17040
         Phone: (717) 789-3343
         Fax: (717) 789-3356

     (7) Schouten Drywall LLC
         112 North Cedar Street
         Lititz, PA 17543
         Phone: (717) 626-0729
         Fax: (866) 871-9686

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 Classic Communities

Classic Communities Corporation filed a Chapter 11 bankruptcy
petition (Bankr. M.D. Pa. Case No. 16-02022) on May 10, 2016.  The
petition was signed by Douglas Halbert, president.  The Debtor
estimated assets and liabilities in the range of $10 million and
debts of up to $50 million.  Judge Mary D. France is the case
judge.


CLAUDETTE BREVITT-SCHOOP: Unsecureds to Get $2K Under Plan
----------------------------------------------------------
Claudette Brevitt-Schoop filed with the U.S. Bankruptcy Court for
the Southern District of Florida a plan of reorganization and
accompanying disclosure statement, which propose to pay general
unsecured creditors the total sum of $2,000, without interest, in
equal monthly payments of $200, which will be disbursed to the
general unsecured creditor pro-rata until they are paid in
accordance with the Plan.

The Debtor's general unsecured creditors are:

   Bank of America, N.A              $260,647.13
   Real Time Resolutions, Inc.         70,664.16
   Wells Fargo Bank, N.A.              32,975.10
   U.S. Department of Education        96,936.29
   Ashley Funding Services, LLC           452.84
                                     -----------
                                     $461,677.52

The Debtor estimates it will take 10 months until the general
unsecured claims are paid in accordance with the Plan.

A full-text copy of the Disclosure Statement dated June 2, 2016, is
available at http://bankrupt.com/misc/flsb15-21177-54.pdf

The bankruptcy case is In re: CLAUDETTE BREVITT-SCHOOP, Debtor,
Chapter 11 Case, Case No. 15-21177-RBR (Bankr. S.D. Fla.).


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

               About Columbia Hospitality Services

Columbia Hospitality Services, LLC, operates the Best Western Hotel
located at 2904 Clark Lane, Columbia Missouri.

Columbia Hospitality filed a Chapter 11 bankruptcy petition (Bankr.
W.D. Mo. Case No. 16-20272) on April 4, 2016.  George Pate, the
president/secretary, signed the petition.  The Debtor listed total
assets of $11.9 million and total liabilities of $9.71 million.


COOPER-STANDARD AUTOMOTIVE: Moody's Raises CFR to B, Outlook Stable
-------------------------------------------------------------------
Moody's Investors Service upgraded Cooper-Standard Automotive
Inc.'s ratings including its Corporate Family Rating and
Probability of Default Rating to B1 and B1-PD, from B2 and B2-PD,
respectively.  In a related action, Moody's upgraded
Cooper-Standard's senior secured term loan rating to Ba3 from B1
and affirmed the Speculative Grade Liquidity Rating at SGL-2.  The
rating actions conclude the review for upgrade initiated on April
22, 2016.  The rating outlook is stable.

Ratings upgraded:

Cooper-Standard Automotive Inc.

  Corporate Family Rating, to B1 from B2;
  Probability of Default, to B1-PD from B2-PD;
  $730 million (remaining amount) senior secured term loan due
   2021, to Ba3 (LGD3) from B1 (LGD3);

Ratings affirmed:

  Speculative Grade Liquidity Rating, at SGL-2.
  Rating Outlook is Stable

The $180 million asset based revolving credit facility is not rated
by Moody's.

                        RATINGS RATIONALE

The upgrade of Cooper-Standard's CFR to B1 reflects Moody's belief
that the company will sustain its improved operating performance
over the next 12-24 months supported by stable global automotive
demand.  This will allow Cooper-Standard to sustain positive free
cash flow and its moderate leverage level that is consistent with a
B1 rating given the company's operating profile.  Cost reduction
actions taken last year, focused on the company's European
operations, were further supported by stronger than expected
automotive regional demand.  Moody's expects restructuring costs to
continue over the near-term, at lower levels, and that Western
European demand will continue to remain relatively strong, with
vehicle growth increasing about 4.7% in 2016, and 3.1% in 2017. For
the LTM period ending March 31, 2016, Cooper-Standard's debt/EBITDA
and EBITA/Interest were 3.0x and 3.8x, respectively, solidly above
previously established positive rating drivers.

Cooper-Standard maintains leading market positions in its vehicle
sealing, fluid and brake and delivery, and fuel transfer systems, a
balanced geographic footprint, and good diversity among automotive
original equipment manufacturers and platforms relative to other
suppliers.  These strengths are somewhat offset by exposure to more
lower dollar content per vehicle product lines relative to other
automotive parts suppliers, significant competition, and
contractual price reductions that require continual cost efficiency
to avoid earnings erosion.  Cooper-Standard's large cash balances
and expected free cash flow generation over the next 12-15 months
should support strong operating flexibility and balanced share
repurchases under the recently announced $125 million share
repurchase program.

The stable rating outlook reflects the company's expected strong
operating performance balanced by the automotive industry's
elongated up-cycle and expected ongoing restructurings actions by
the company.  Moody's also expects financial policies and the use
of free cash flow to support credit metrics at or stronger than
current levels.

Cooper-Standard's SGL-2 speculative grade liquidity rating
incorporates Moody's expectation for a good liquidity profile over
the next 12-15 months supported by existing cash balances,
availability under the $180 million asset based revolving credit
facility, and expected free cash flow generation.  At March 31,
2016, the company had approximately $313 million of cash on hand.
The revolving credit facility, which matures in 2018, was undrawn
with availability of about $137 million after $43 million of issued
letters of credit.  In April 2016, the company issued additional
$15 million in letters of credit.  The primary financial covenant
under the asset based revolver is a springing fixed charge covenant
of 1.0 to 1 when availability falls below the greater of $18
million or 10% of the facility commitment. Moody's does not expect
borrowings on the revolver to trigger the covenant.  As of March
31, 2016, the company sold about $79 million of account receivables
under various transfer agreements on a non-recourse and recourse
basis.  The risk of these outlets being available over the
long-term weighs on the company's liquidity profile.  The senior
secured term loan does not have financial maintenance covenants.
Moody's expects Cooper-Standard to continue to generate strong
levels of positive free cash flow over the next 12-15 months in the
mid-teens as a percentage of debt.

Future events that have the potential to drive a higher rating
include the ongoing stability in global automotive demand and
balanced shareholder return policies.  Consideration for a higher
rating could result from Debt/EBITDA approaching 2.5x, and
EBITA/Interest coverage, inclusive of restructuring, approaching
5.0x, while maintaining an very good liquidity profile.

Future events that have the potential to drive a lower rating
include weakness in global automotive demand that are not offset by
successful restructuring actions resulting in EBITA margin
deterioration, EBITA/Interest coverage approaching 3.5x, or
increased borrowings or earnings declines leading to Debt/EBITDA
leverage approaching 3.5x.  Debt funded acquisitions or shareholder
distributions or a weakening liquidity position would also drive a
lower rating
. The principal methodology used in these ratings was Global
Automotive Supplier Industry published in May 2013.

Cooper-Standard, headquartered in Novi, Mich., is a leading global
supplier of systems and components for the automotive industry.
Products include sealing and trim, fuel and brake delivery, fluid
transfer, and anti-vibration systems.  Cooper-Standard employs more
than 29,000 people globally with 98 facilities in and operates in
20 countries around the world.  The company had net sales of $3.4
billion for the LTM period ending March 31, 2016.


COTT CORP: Moody's Affirms B2 CFR, Outlook Stable
-------------------------------------------------
Moody's Investors Service affirmed Cott Corporation's ratings,
including the company's B2 Corporate Family Rating, the B2-PD
Probability of Default Rating, and the B3 rating on its existing
$525
million senior unsecured debt, and Ba3 on its second lien secured
debt
following the announcement that it has entered into a definitive
agreement to acquire Eden Springs (Hydra Dutch Holdings 2 B.V.,
B2,
negative) in a deal valued at approximately Euro 470 million (US
$530
million).  Eden is a leading provider of water and coffee delivery
services to homes and offices in a variety of European countries,
Israel and Russia.  Moody's expects the transaction to close in
the
third quarter of fiscal 2016.  The rating outlook is stable.

                         RATINGS RATIONALE

"Cott's B2 Corporate Family Rating reflects its growing geographic
and
business diversification following the acquisition of Eden
Springs,
continuing its transformation away from its legacy private label
beverage business which has been in decline" said Linda Montag,
Moody's Senior Vice President.  "While leverage will rise
post-acquisition it will remain acceptable for the current rating
with
debt/EBITDA (including Moody's standard adjustments) at around 4.8
times at closing" she added.  Integration risk exists given the
addition of numerous new markets and customers. However Cott's
successful integration of US-based water services company DS
Services
of America (DSSA), acquired in 2014, and Canadian-based Aqua Terra
in
2015 provide a strong platform from which to manage the addition
of
Eden.  Moody's notes that the rating incorporates the expectation
that
Cott will remain acquisitive as it seeks to continue to grow away
from
its core private label business.

Cott is exposed to long-term declining volume trends in the
carbonated
soft drinks and juice categories but the entry into water services
businesses in the US, Canada and now European geographies are
transforming the company.  Cott's product and customer
concentration,
previously a concern in the legacy private label business, will
further improve with the Eden transaction while profitability will
benefit due to margins in the water services business that exceed
those of private label.  Carbonated soft drinks, once about a third
of
the company's total EBITDA will fall to about 13% after the Eden
transaction, while Cott's largest retail exposure, will fall from
28%
before both DSSA and Eden to about 11% after the latest
transaction.
Moody's notes that the water services businesses are exposed to
potentially volatile resin costs and to macroeconomic variables,
most
notably employment rates which can cause slowdowns in economic
recessions.

Moody's took these rating actions:

Cott Corporation

Ratings affirmed:

  Corporate Family Rating at B2;

  Probability of Default rating at B2-PD;

  Speculative Grade Liquidity Rating at SGL-2

Cott Beverages, Inc.

Ratings affirmed:

  $525 million of senior unsecured debt at B3 (LGD5);

  $625 million of senior unsecured debt at B3 (LGD5)

DS Services of America, Inc.

Ratings affirmed:

  $350 million of senior secured 2nd lien debt at Ba3 (LGD2)

The stable outlook assumes that the acquisition of Eden will be
successful and will not become a distraction to Cott.  It also
assumes
that no further large debt financed acquisitions or share buybacks
will be contemplated before leverage is reduced.

Given the potential for volatility in Cott's operating performance,
a
ratings upgrade would require debt-to-EBITDA approaching 4 times on
a
sustainable basis, complemented by a good liquidity profile and
demonstrated positive momentum in volumes, revenues, and
profitability.  A decline in earnings as a result of volume
declines,
margin contraction, a weakening of Cott's liquidity, or an increase
in
leverage such that debt-to-EBITDA materially exceeds 5.5 times
could
result in a ratings downgrade.

Cott, based in Toronto, Ontario, and Tampa, Florida, is one of the
world's largest private-label and contract manufacturing beverage
companies and has annual sales of approximately $3 billion.
Cott's
product portfolio includes carbonated soft drinks; clear, still
and
sparkling flavored waters; juice; juice-based products; bottled
waters; energy related drinks; and ready-to-drink teas. Cott's
customers include many of the largest national and regional
grocery,
drugstore and convenience store chains, and wholesalers. Cott is
also
a provider of bottled water, coffee and related services delivered
directly to residential and commercial customers in the US and
Canada.
The core business of the water services segment is the bottling
and
direct delivery of drinking water in 3 and 5 gallon bottles to
homes
and offices and the rental of water dispensers.  The company also
sells water in smaller bottles, cups, coffee, flavored beverages,
powdered sticks and water filtration devices.

Headquartered in Switzerland, Hydra Dutch Holdings 2 B.V. is the
parent holding company of Eden Springs, a leading provider of
water
and coffee solutions across Europe, Russia and Israel.  It had
2015
sales of over Euro 360 million.

The combined business will have over $3.3 billion in sales and
will
become the clear number one player in the Home Office Water
Services
business in both North America and Europe.

The principal methodology used in these ratings was Global Soft
Beverage Industry published in May 2013.


CREATURE LLC: Has Interim Okay to Use Cash Collateral Until Aug. 2
------------------------------------------------------------------
The Honorable Christopher M. Alston placed his stamp of approval on
an interim order this week granting Creature LLC authority to draw
on cash collateral securing its obligation to repay an approximate
$60,000 obligation to Bank of America, N.A.  As of the Petition
Date, the outstanding balance of the Term Loan was $59,413.  Judge
Alston approved replacement liens and limited the debtor's use of
BofA's cash collateral as described in a weekly budget through Aug.
2, 2016.  

The Debtor describes itself as a creative agency comprised of a
global group of thinkers, makers, and creators of things whose
collective energy focuses on design, advertising and innovation to
solve business challenges for its customers. Through the
company???s expertise in brand strategy, advertising and design, it
is the Creature the problem requires. The company???s capabilities
also include web site design, application development, experience
design, social content, events, print advertising, broadcast video,
digital banners, radio, brand identity, packaging design, and media
planning and buying.

Founded in 2002, Creature maintained steady growth, peaking in
2012. At that time, the company made an investment in opening a
London office to service Microsoft business, among other clients.
This expansion proved to be a very costly endeavor, and the company
was forced to send funds to the London office several times to
finance operations. As a result, the company took on too much debt
during this time and has spent the past four years trying to
recover.

The Debtor currently has 10 employees, down from 33 a year earlier.
In addition, the Debtor recently moved its business operations into
smaller and less expensive premises, dropping its monthly lease
expense from $30,000 to $5,800. The Company has cut costs where it
was able to without sacrificing its commitment to the finest
quality products and services. Unfortunately, annual revenues
(exclusive of pass-through agency reimbursements) have dropped from
$6.5 million in 2013 and 2014 to $3.2 million in 2015. The recent
loss of the company???s biggest client late last year forced the
Chapter 11 filing.

Creature LLC, based in Seattle, Wash., sought chapter 11 protection
(Bankr. W.D. Wash. Case No. 16-12940) on May 31, 2016, and is
represented by James L. Day, Esq., at Bush Kornfeld LLP.  The
Debtor disclosed $597,825 in assets and $2.63 million in
liabilities at the time of the filing.


CRV PRECAST: Wants Solicitation Period Extended to Aug. 2
---------------------------------------------------------
CRV Precast Construction LLC asks the U.S. Bankruptcy Court for the
District of New Jersey to extend the exclusive period during which
the Debtor may solicit acceptances of a Chapter 11 plan or plans of
reorganization and extending its time to confirm the Plan, to and
including Aug. 2, 2016.

Absent an extension, the Debtor's Exclusive Solicitation Period and
time for Confirmation will end on June 22, 2016.

On Feb. 8, 2016, the Debtor filed its Small Business Combined Plan
of Reorganization and Disclosure Statement.  On that same date, the
Debtor filed its application to conditionally approve the
Disclosure Statement.  On Feb. 10, 2016, the Court entered an order
(i) conditionally approving the Disclosure Statement, (ii)
scheduling a joint hearing to determine the adequacy of the
Debtor's Disclosure Statement and, if appropriate, to confirm the
Debtor's Plan of Reorganization and (iii) fixing time for filing
acceptances or rejections of the Plan.  

Since filing the Chapter 11 case and continuing after filing the
Plan, the Debtor has been engaged in a lengthy and complicated
negotiation with the Iron Workers resolving a number of issues,
including:

      a. the allowed claim amount of the five Iron Workers proofs
         of claim;

      b. the counterclaim against the Iron Workers;

      c. the applicability of the Car-Win CBA to the Debtor; and

      d. plan treatment of the Iron Workers and other outstanding
         issues with the Iron Workers.

On March 11, 2016, the Iron Workers and the Debtor reached a
settlement resulting in fixing the Iron Workers' allowed claims, a
termination of any applicability of the Car-Win collective
bargaining agreement to the reorganized debtor, and the Iron
Workers support for the Debtor's Plan which will be amended in
accordance with the settlement between the parties.

The Iron Workers have by far the largest claims in the case and
settling those claims will result in payment of all allowed
unsecured creditor claims in full and confirmation of the Debtor's
Amended Plan within a reasonable time.  Accordingly, further
extension of the Exclusive Solicitation Period and Confirmation is
now necessary to allow the Debtor to re-solicit and confirm an
Amended Plan that incorporates the terms of the Ironworkers
Settlement.

The Ironworkers Settlement was entered and the Debtor filed a
motion to approve the Ironworkers Settlement on April 12, 2016.
The Court approved the Ironworkers Settlement on May 17, 2016.  The
Debtor has amended its Plan to reflect the terms of the Ironworkers
Settlement and address some of the informal objections received
from the IRS and the U.S. Trustee and will be seeking conditional
approval of the Debtor's Combined Disclosure Statement and First
Amended Plan.  However, the Debtor must provide for sufficient time
to allow for voting on the Amended Plan, the filing of objections
to the Amended Plan and confirmation, if any, and thus seeks an
additional extension of the Exclusive Solicitation Period and
Confirmation to Aug. 2, 2016, to allow for the solicitation and
confirmation of the Amended Plan.

The Debtor's counsel can be reached at:

         Martha B. Chovanes, Esq.
         2000 Market Street, 20th Floor
         Philadelphia, PA 19103
         Tel: (215) 299-2019
         Fax: (215) 299-2150
         E-mail: mchovanes@foxrothschild.com

Headquartered in Easthampton, New Jersey, CRV Precast Construction
LLC filed for Chapter 11 bankruptcy protection (Bankr. D. N.J. Case
No. 15-18830) on May 11, 2015, estimating its assets and
liabilities at between $1 million and $10 million.  The petition
was signed by Luis E. Rivera, managing member.

Judge Christine M. Gravelle presides over the case.

Martha Baskett Chovanes, Esq., at Fox Rothschild LLP serves as the
Debtor's bankruptcy counsel.


CTI BIOPHARMA: Has Net Financial Standing of $63.1M as of April 30
------------------------------------------------------------------
CTI BioPharma Corp. CTI Parent Company reported total estimated and
unaudited net financial standing of $63.1 million as of April 30,
2016.  The total estimated and unaudited net financial standing of
CTI Consolidated Group as of April 30, 2016, was $64.4 million.

CTI Parent Company trade payables outstanding for greater than 30
days were approximately $12.4 million as of April 30, 2016.
CTI Consolidated Group trade payables outstanding for greater than
30 days were approximately $13.8 million as of April 30, 2016.
During April 2016, there were solicitations for payment only within
the ordinary course of business and there were no injunctions or
suspensions of supply relationships that affected the course of
normal business.

As of April 30, 2016, there were no amounts overdue of a financial
or tax nature, or amounts overdue to social security institutions
or overdue to employees.

During the month of April 2016, the Company's common stock, no par
value, outstanding increased by 2,583,275 shares.  As a result, the
number of issued and outstanding shares of Common Stock as of April
30, 2016, was 282,930,067.

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

                      https://is.gd/IZrcYN

                       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 March 31, 2016, CTI Biopharma had $123.44 million in total
assets, $68.69 million in total liabilities and $54.74 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.


CYTORI THERAPEUTICS: Extends Rights Offering Period to June 10
--------------------------------------------------------------
Cytori Therapeutics, Inc., announced it has extended the
subscription period and adjusted the subscription price for its
previously announced rights offering until 5:00 p.m. Eastern Time
on Friday, June 10, 2016.  Rights holders will need to exercise
their subscription rights prior to that date and time.  The
adjusted unit pricing is now $2.55 per unit.  Furthermore, Cytori
invites stockholders to call-in for a corporate presentation on
Monday, June 6, 2016, at 2:00 p.m. Eastern Time.

The dial-in information is as follows:

     Dial-In Number: +1.877.402.3914
     Conference ID: 27860205

The corporate presentation can be accessed through the following
link: Cytori Corporate Presentation
Investors that have subscribed at the previous price will now
receive the new adjusted price, and any excess payment amount will
be returned to investors following the closing of the offering.  If
exercising subscription rights through a broker, dealer, bank or
other nominee, rights holders should promptly contact their nominee
and submit subscription documents and payment for the units
subscribed for in accordance with the instructions and within the
time period provided by such nominee.  The broker, dealer, bank or
other nominee may establish a deadline before
June 10, 2016, by which instructions to exercise subscription
rights, along with the required subscription payment, must be
received.

All record holders of rights certificates that wish to participate
in the rights offering must deliver a properly completed and signed
rights certificate, together with payment of the subscription price
for both basic subscription rights and any oversubscription
privilege election, to the Subscription Agent, to be received
before 5:00 p.m. Eastern Time on June 10, 2016.  The Subscription
Agent is:

By mail:

Broadridge Corporate Issuer Solutions, Inc.
Attn: BCIS Re-Organization Dept.
P.O. Box 1317
Brentwood, New York 11717-0693
(855) 793-5068 (toll free)

By hand or overnight courier:

Broadridge Corporate Issuer Solutions, Inc.
Attn: BCIS IWS
51 Mercedes Way
Edgewood, New York 11717
(855) 793-5068

Under the rights offering, Cytori has distributed one
non-transferable subscription right for each share of common stock
held on the previously announced record date of May 20, 2016.  Each
right entitles the holder to purchase one unit at the subscription
price of $2.55 per unit, composed of one share of common stock and
0.5 of a warrant, with each whole warrant exercisable to purchase
one share of common stock at an exercise price of $3.06 per share
for 30 months from the date of issuance. Cytori has applied to list
the warrants on NASDAQ, although there is no assurance that a
sufficient number of subscription rights will be exercised so that
the warrants will meet the minimum listing criteria to be accepted
for listing on NASDAQ under the symbol "CTYXW."  The warrants may
be redeemed by Cytori prior to their expiration if Cytori's common
stock closes above $7.65 per share for 10 consecutive trading days.
The subscription rights are non-transferrable and may only be
exercised during the anticipated subscription period commencing
today through 5:00 p.m. Eastern Time on Friday, June 10, 2016,
unless extended.  A registration statement relating to these
securities has been declared effective by the Securities and
Exchange Commission.
Holders who fully exercise their basic subscription rights will be
entitled, if available, to subscribe for an additional amount of
units that are not purchased by other stockholders, on a pro rata
basis and subject to ownership limitations.

Cytori has engaged Maxim Group LLC as dealer-manager for the rights
offering.

Each stockholder of record as of May 20, 2016 will receive by mail
an information packet that explains the rights offering.
Stockholders with specific questions are urged to contact
Broadridge Corporate Issuer Solutions, Cytori's information agent
for the rights offering, by calling (855) 793-5068 (toll-free); or
Maxim Group LLC, 405 Lexington Avenue, New York, NY 10174,
Attention Syndicate Department, email: syndicate@maximgrp.com or
telephone (212) 895-3745.

                            About Cytori

Based in San Diego, California, Cytori Therapeutics (NASDAQ: CYTX)
-- http://www.cytori.com/-- is an emerging leader in providing    

patients and physicians around the world with medical
technologies, which harness the potential of adult regenerative
cells from adipose tissue.  The Company's StemSource(R) product
line is sold globally for cell banking and research applications.

Cytori reported a net loss allocable to common stockholders of
$19.4 million on $4.83 million of product revenues for the year
ended Dec. 31, 2015, compared to a net loss allocable to common
stockholders of $38.5 million on $4.95 million of product revenues
for the year ended Dec. 31, 2015.

As of March 31, 2016, Cytori had $32.9 million in total assets,
$25.2 million in total liabilities and $7.74 million in total
stockholders' equity.

KPMG LLP, in San Diego, California, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2015, citing that the Company's recurring losses
from operations and liquidity position raises substantial doubt
about its ability to continue as a going concern.


DAWSON INTERNATIONAL: Seeks Continued Use of Cash Management System
-------------------------------------------------------------------
Dawson International Investments (Kinross) Inc., et al., seek
authority from the U.S. Bankruptcy Court to continue to use their
cash management system.

Subsequent to the Petition Date, the Debtors will be required to
pay ordinary course operating expenses, as well as other
administrative expenses approved by the Court.  Many of the
Post-Petition Expenses are anticipated to be expenses of the
Debtors collectively; however, certain of the Post-Petition
Expenses may be expenses incurred by a single Debtor.  Dawson
Luxury Garments LLC (commonly known as "Forte") owns the only
liquid assets available to pay the Post-Petition Expenses, all such
payments made by the Debtors in satisfaction of such expenses will
come from the cash assets of Forte.  Forte holds approximately $5.3
million cash.

In an effort to simplify and streamline the system of intercompany
transactions used by the Debtors pre-petition, the Debtors request
that subsequent to the Petition Date, all Post-Petition Expenses be
paid from the assets of Forte, with all payments made by Forte
exclusively on behalf of another Debtor being recorded as an
intercompany loan from Forte to that Debtor, which will ensure that
funding is available to pay Post-Petition Expenses and support the
Debtors in efficiently managing their bankruptcy cases for the
benefit of their creditors.

The Debtors also request that all claims of one Debtor against
another Debtor arising after the Petition Date as a result of a
Post-Petition Intercompany Loan be granted administrative expense
status with priority over any and all administrative expenses of
the kind specified in Bankruptcy Code.  In compliance with the U.S.
Trustee Guidelines, the Debtors will, among other actions, (a)
close all existing bank accounts and open new debtor in possession
bank accounts and (b) obtain new business forms, including checks
that bear the designation "debtor in possession," the bankruptcy
case number, and the type of account for each debtors in possession
account.

The Post-Petition Intercompany Loans will be generated for
allowance purposes only as administrative expenses and the Debtors
are not seeking to make any payments on account of Post-Petition
Intercompany Loans.

Proposed Attorneys for the Debtors and Debtors in Possession:

       Patrick L. Hayden, Esq.
       Nathan S. Greenberg, Esq.
       McGUIREWOODS LLP
       Avenue of the Americas
       Seventh Floor
       New York, New York 10105
       Telephone: (212) 548-2148
       Facsimile: (212) 548-2150
       Email: phayden@mcguirewoods.com
              ngreenberg@mcguirewoods.com

            About Dawson International

Dawson International is a leading cashmere business. It comprises
two trading divisions, based in the UK and the USA.  The UK
division comprises the Barrie Knitwear business, based in Hawick
Scotland.  It manufactures highest quality cashmere garments at its
factory in the Scottish borders and sells to some of the world's
most prestigious couture houses, department stores and private
label retail outlets.


DECK CHASSIS: S&P Assigns 'BB-' CCR, Outlook Stable
---------------------------------------------------
S&P Global Ratings said that it has assigned its 'BB-' corporate
credit rating to Charlotte, N.C.-based Deck Chassis Acquisition
Inc.  The outlook is stable.

At the same time, S&P assigned its 'BB-' issue-level rating and '3'
recovery rating on the company's proposed $325 million senior
secured notes.  The '3' recovery rating indicates S&P's expectation
of meaningful (50%-70%; lower half of the range) recovery in a
payment default scenario.

"Our ratings on Deck Chassis Acquisition Inc., the parent of DCLI,
are based on the company's position as one of the largest marine
cargo chassis lessors in an industry with only three major
participants and its aggressive financial risk profile following
its debt-financed acquisition by EQT Infrastructure II mainfund
(which is managed by the private-equity firm EQT Infrastructure II
N.V.)," said S&P Global credit analyst Jeff Ward.  The transaction,
which S&P expects will add close to $300 million of debt to DCLI's
balance sheet, will weaken the company's previously strong credit
metrics.  However, S&P expects that the company's credit metrics
will improve modestly through 2017.  S&P anticipates that the
company's relatively strong operating performance will allow it to
generate free cash flow, which it will use to pay down its debt.
Pro forma for the acquisition, S&P expects DCLI's funds from
operations (FFO)-to-debt ratio to be around 17%, its EDITDA
interest coverage metric to be around 4x, and its debt-to-EBITDA
metric to be in the mid-4x area.

The stable outlook incorporates S&P's expectation that DCLI's
operating performance will continue to benefit from strong demand
and pricing.  S&P expects the company's credit metrics to improve
modestly, though not enough to warrant an upgrade, with a
FFO-to-debt averaging in the mid-teens percent area through 2017.

S&P do not expect to lower its ratings on DCLI during the next
year.  However, if the company experiences renewed economic
weakness or reduced utilization rates, earnings, and cash flow such
that its FFO-to-debt ratio declines below 10% for a sustained
period, S&P could lower the rating.

S&P also do not expect to raise its ratings on the company over the
next year.  However, S&P could raise its ratings on DCLI if the
company's FFO-to-debt ratio increases above 20% on a sustained
basis.  This could be caused by better-than-expected earnings due
to strong demand and/or pricing, or a greater-than-expected level
of debt reduction.



DETROIT PUBLIC SCHOOLS: Local Officials at Odds Over Rescue Plan
----------------------------------------------------------------
The American Bankruptcy Institute, citing Shawn D. Lewis of The
Detroit News, reported that Detroit Public Schools' emergency
manager is open to most of the provisions in a House-passed plan to
rescue the financially troubled district and return some power to
an elected school board, but other district stakeholders remain
fiercely opposed to the $617 million package, which could face a
Senate vote this week.

According to the report, retired bankruptcy Judge Steven Rhodes,
who took control of Michigan's largest school district three months
ago, believes the plan approved on June 3 by the House in a 55-53
vote is a step toward saving DPS from running out of money by
month's end, spokeswoman Michelle Zdrodowski said June 6.

The House bill contains less money for startup costs for a new,
debt-free Detroit district than a $715 million plan approved by the
Senate, but is larger than a $500 million bill initially approved
by the GOP-controlled House, the report related.

"The $617 million allocated in the bill will greatly assist in our
efforts to create a sustainable and successful new school
district," Zdrodowski told the news agency.  "We plan (on) working
creatively with the governor's office, the state superintendent and
the Michigan Department of Education to identify the remainder of
the resources necessary to educate our students."

                     *     *     *

The Troubled Company Reporter, on March 14, 2016, reported that
Moody's Investors Service has affirmed the Caa1 implied general
obligation unlimited tax (GOULT) issuer rating of Detroit Public
Schools (DPS), MI. Concurrently, the outlook on the district
remains negative. Outstanding long-term debt consists of $1.45
billion of GOULT bonds, $259.3 million in state aid revenue bonds,
and a $200.2 million obligation to the State of Michigan's (Aa1
stable) School Loan Revolving Fund (SLRF).

The Caa1 issuer rating reflects the district's severely stressed
financial position, which includes a growing deficit General Fund
balance, very narrow liquidity, and ongoing revenue challenges
associated with annual declines in enrollment. The rating also
factors the City of Detroit's (B2 positive) challenged tax base
and
weak economic profile, including low income levels, above average
unemployment, and population loss. Additionally incorporated are
the district's high fixed costs, associated with its elevated debt
burden and exposure to unfunded pension liabilities including past
due delinquencies.


DORSEY MOTOR: Asks for 90-Day Extension of Plan Filing Deadline
---------------------------------------------------------------
Dorsey Motor Sales, Inc., asks the U.S. Bankruptcy Court for the
Middle District of Alabama to extend the period during which the
Debtor has to file a disclosure statement and plan of
reorganization for 90 days.

The Court set the due date for the Chapter 11 Plan for June 27,
2016.

The Debtor owns three pieces of property in Autauga County,
Alabama.  The three properties are all secured by Blue Prattville
Holdings, LLC, which appears to be services by Sabal Financial.
The Debtor and the Creditor has been negotiating a settlement price
to satisfy the debt.  The Settlement was contingent on the sale of
the Body Shop, which was near being finalized.  In February 2016,
Prattville had heavy storming.  A storm drain under the Body Shop
burst.  The Debtor believes the City of Prattville is responsible
for the repair of the damage and is in negotiations with the City.
The Debtor says that the purchasers are still interested in buying
the Body Shop if the City will complete the repairs.

The Debtor's counsel has been reviewing with the formulation of a
Chapter 11 Plan of Reorganization.  The Debtor does not believe
that a Chapter 11 plan of reorganization can be formulated within
the initial period and that an extension of at least 90 days will
allow for Debtor to present a Confirmable plan.

The Debtor's counsel can be reached at:

      Michael A. Fritz, Sr., Esq.
      FRITZ LAW FIRM, LLC
      25 South Court St, Suite 200
      Montgomery, AL 36104
      Tel: (334) 230-9790
      Fax: (334) 230-9789
      E-mail: bamkruptcy@fritzlawfirm.com

Headquartered in Prattville, Alabama, Dorsey Motor Sales, Inc.,
filed for Chapter 11 bankruptcy protection (Bankr. M.D. Ala. Case
No. 15-32394) on Aug. 31, 2015, estimating its assets at between $1
million and $10 million and liabilities at between $500,000 and $1
million.  The petition was signed by Richard M. Dorsey, president.

Judge Dwight H. Williams, Jr., presides over the case.

Collier H. Espy, Jr., Esq., at Espy, Metcalf & Espy, P.C., serves
as the Debtor's bankruptcy counsel.


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

                       About Dream International

Dream International Holdings LLC sought protection under Chapter 11
of the Bankruptcy Code in the Southern District of Florida (Fort
Lauderdale) (Case No. 16-16073) on April 27, 2016.  The petition
was signed by James S. Coleman, manager of Firebird Renewal LLC.

The case is assigned to Judge John K. Olson.  The Debtor is
represented by Tarek K. Kiem, Esq., at Rappaport Osborne Rappaport
& Kiem, PL.  

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

The Debtor listed Dream Years IV LLC as its largest unsecured
creditor.


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

                       About Dream Recovery

Dream Recovery International LLC sought protection under Chapter 11
of the Bankruptcy Code in the Southern District of Florida (Fort
Lauderdale) (Case No. 16-16068) on April 27, 2016.  The petition
was signed by James S. Coleman, manager of Firebird Renewal LLC.

The case is assigned to Judge John K. Olson.  The Debtor is
represented by Tarek K. Kiem, Esq., at Rappaport Osborne Rappaport
& Kiem, PL.  

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

The Debtor listed Dream Years IV LLC as its largest unsecured
creditor.


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

                       About ECI Holdings

ECI Holdings, LLC sought protection under Chapter 11 of the
Bankruptcy Code in the District of South Carolina (Columbia)
(Case No. 16-02214) on May 2, 2016.  The petition was signed by
Bettis C. Rainsford, managing member.

The Debtor is represented by Reid B. Smith, Esq., at Bird and
Smith, PA.  The case is assigned to Judge David R. Duncan.

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


EMEKS REALTY: Proposes Adequate Protection Payments to Bank Lender
------------------------------------------------------------------
Emeks Realty, LLC, asks the U.S. Bankruptcy Court for permission to
use cash collateral pledged to repay a $1.76 million loan from New
York Community Bank originated in 2006.  The Bank obtained a $2.7
million foreclosure judgment in Jan. 2016 in state court and
obtained an order appointing a receiver to collect rent revenues.


The Debtor's monthly budget projects $24,000 in rental income and
expenses -- including $10,000 monthly adequate protection payments
to the Bank -- of about $22,000.  

The Debtor asks the Bankruptcy Court to approve this arrangement
through July 31, 2016.

Emeks Realty, LLC, operates a 48-unit apartment building on two
parcels located in Hartford, Conn.  Emeks sought chapter 11
protection (Bankr. D. Conn. Case No. 16-20543) on Apr. 1, 2016.
The debtor is represented by Neil Crane, Esq., in Hamden, Conn.  At
the time of the filing, the debtor estimated its assets and debts
at less than $10 million.


EMERALD OIL: Looks to Shed Mistream Pipeline Contracts
------------------------------------------------------
Lillian Rizzo, writing for Daily Bankruptcy Review, reported that
Emerald Oil Inc. has sparked a legal battle with oil and natural
gas transporters, arguing its pipeline contracts can be jettisoned
in bankruptcy prior to the sale of the company's assets.

According to the report, citing court papers, the bankrupt oil and
gas company is suing Dakota Midstream LLC, Dakota Energy Connection
LLC and Dakota Fluid Solutions, which was formerly known as Mesa
Oil Services LLC, claiming its contracts with these transporters
don't "run with the land."

                       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.

Andrew Vara, acting U.S. trustee for Region 3, appointed seven
creditors of Emerald Oil, Inc., to serve on the official committee
of unsecured creditors.


EMERALD OIL: Panel Taps Houlihan Lokey as Financial Advisor
-----------------------------------------------------------
The Official Committee of Unsecured Creditors in the Chapter 11
cases of Emerald Oil, Inc., et al., seeks permission from the U.S.
Bankruptcy Court for the District of Delaware to employ Houlihan
Lokey Capital, Inc., as financial advisor and investment banker to
the Committee, nunc pro tunc to April 11, 2016.

A hearing on the request is set for June 22, 2016, at 11:00 a.m.
(ET).  Objections must be filed by June 15, 2016, at 4:00 p.m.
(ET).

The Committee has selected Houlihan Lokey to provide financial
advisory and investment banking services to the Committee and its
legal advisors as they deem appropriate and feasible in order to
advise the Committee in the course of these chapter 11 cases,
including but not limited to:

      a. analyzing business plans and forecasts of the Debtors;

      b. evaluating the assets and liabilities of the Debtors;

      c. assessing the financial issues and options concerning
         (i) the sale of the Debtors, either in whole or in part,
         and (ii) the Debtors' Chapter 11 plan(s) of
         reorganization or liquidation or any other Chapter 11
         plan(s);

      d. analyzing and reviewing the financial and operating
         statements of the Debtors;

      e. providing such financial analyses as the Committee may
         require in connection with these Chapter 11 cases;

      f. assisting with a review of the Debtors' employee benefit
         programs, including key employee retention, incentive and

         other benefit plans;

      g. analyzing strategic alternatives available to the
         Debtors;

      h. assisting in the review of claims and with the
         reconciliation, estimation, settlement and litigation;

      i. representing the Committee in negotiations with the
         Debtors and third parties;

      j. providing testimony in Court on behalf of the Committee
         with respect to any of the foregoing, if necessary;

      k. assisting in determining the appropriate capital
         structure for the Debtors;

      l. assisting in evaluating the Debtors' valuation and debt
         capacity in light of its projected cash flows;

      m. assisting the Committee with respect to the analysis of,
         prosecution of, and negotiations related to, any
         potential causes of action; and

      n. providing other financial advisory and investment banking

         services as may be required by additional issues and
         developments not anticipated on the effective date of the

         engagement letter.

Houlihan Lokey will seek payment for compensation on a fixed
monthly basis of $100,000 per month and a deferred fee of $1
million, plus reimbursement of actual and necessary expenses
incurred by Houlihan Lokey, including legal fees related to this
retention application and future fee applications as approved by
the Court.  The Deferred Fee will be considered earned and payable,
subject to Court approval, upon the confirmation of a Chapter 11
plan of reorganization or liquidation with respect to the Debtors,
and will be paid on the effective date of the Approved Plan.  Fifty
percent of the Monthly Fees timely received by Houlihan Lokey and
approved by final order of the Court following the third Monthly
Fee will be credited against the Deferred Fee to which Houlihan
Lokey becomes entitled under the engagement letter.

In consideration of Houlihan Lokey's acceptance of this engagement,
the Debtors will pay:

      (i) in advance a nonrefundable monthly cash fee of
          $100,000; and

     (ii) a deferred fee of $1 million in cash.

Brett Lowrey, Managing Director with Houlihan Lokey, assures the
Court that the firm does not hold or represent any interest adverse
to the estate, and therefore believes it is eligible to represent
the Committee under Bankruptcy Code Section 1103(b).

Houlihan Lokey can be reached at:

          Brett Lowrey
          Managing Director
          Houlihan Lokey Capital, Inc.
          123 North Wacker Drive, 4th Floor
          Chicago, IL 60606
          Tel: (214) 220-8480

                       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.

Andrew Vara, acting U.S. Trustee for Region 3, appointed seven
creditors of Emerald Oil, Inc., to serve on the official committee
of unsecured creditors.


EMMAUS LIFE: Incurs $4.45 Million Net Loss in March 31 Quarter
--------------------------------------------------------------
Emmaus Life Sciences, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $4.45 million on $79,399 of net revenues for the three months
ended March 31, 2016, compared to a net loss of $3.24 million on
$96,759 of net revenues for the same period in 2015.

As of March 31, 2016, Emmaus Life had $1.34 million in total
assets, $31.69 million in total liabilities and a total
stockholders' deficit of $30.35 million.

"Based on our losses to date, anticipated future revenue and
operating expenses, debt repayment obligations and cash and cash
equivalents balance of $0.3 million as of March 31, 2016, we do not
have sufficient operating capital for our business without raising
additional capital.  We incurred losses of $4.5 million for the
three months ended March 31, 2016 and $3.2 million for the three
months ended March 31, 2015. We had an accumulated deficit at March
31, 2016 of $89.2 million.  We anticipate that we will continue to
incur net losses for the foreseeable future as we incur expenses
for submission of the NDA, the commercialization of our
pharmaceutical grade L-glutamine treatment of SCD, research costs
for the corneal cell sheets using CAOMECS technology and the
expansion of corporate infrastructure, including costs associated
with being a public reporting company and potentially additional
expenses that may be associated with an initial public offering. We
have previously relied on unregistered equity offerings, debt
financings and loans, including loans from related parties.  As
part of this effort, we have received various loans from officers,
stockholders and other investors... As of March 31, 2016, we had
outstanding notes payable in an aggregate principal amount of $19.8
million, consisting of $7.7 million of non-convertible promissory
notes and $12.1 million of convertible notes.  Of the $19.8 million
aggregate principal amount of notes outstanding as of March 31,
2016, approximately $14.5 million is either due on demand or will
become due and payable within the next twelve months. Our failure
to raise capital as and when needed would have a negative impact on
our financial condition and our ability to pursue our business
strategies, including the commercialization of our pharmaceutical
grade L-glutamine treatment for SCD and the development in the
United States of CAOMECS-based cell sheet technology.

"We have had recurring operating losses, have a significant amount
of notes payable and other obligations due within the next year and
projected operating losses including the expected costs relating to
the commercialization of our pharmaceutical grade L-glutamine
treatment for SCD that exceed both the existing cash balances and
cash expected to be generated from operations for at least the next
year.  In order to meet our expected obligations, management
intends to raise additional funds through equity and debt
financings and partnership agreements.  In addition, we may seek to
raise additional funds through collaborations with other companies
or financing from other sources. As previously reported, we have
filed a draft registration statement with the SEC with respect to
an initial public offering.  Additional funding may not be
available in amounts or on terms which are acceptable to us, if at
all. Due to the uncertainty of our ability to meet our current
operating and capital expenses, there is substantial doubt about
our ability to continue as a going concern.  Furthermore, our
ability to raise capital may be negatively impacted by our current
shareholder litigation, or by any adverse aspects of a settlement
or judgment related to such litigation.

"In addition, we currently estimate that we will need an additional
$1.4 million to submit a NDA to the FDA for our pharmaceutical
grade L-glutamine treatment for SCD. Our cash burn rate for the
first three months ending March 31, 2016 was approximately $0.8
million per month."


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

                       https://is.gd/Lx245T
  
                         About Emmaus Life

Emmaus Life Sciences, Inc., is engaged in the discovery,
development, and commercialization of treatments and therapies
primarily for rare and orphan diseases.  This biopharmaceutical
company's headquarters is in Torrance, California.

Emmaus Life reported a net loss of $12.69 million on $590,114 of
net revenues for the year ended Dec. 31, 2015, compared to a net
loss of $21.75 million on $500,679 of net revenues for the year
ended Dec. 31, 2014.

SingerLewak LLP, in Los Angeles, California, 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 from operations, its total liabilities exceed its
total assets and it has an accumulated stockholders' deficit.  This
raises substantial doubt about the Company's ability to continue as
a going concern.


EMPIRE RESORTS: Names Emanuel Pearlman Executive Chairman
---------------------------------------------------------
The Board of Directors of Empire Resorts, Inc., appointed Emanuel
R. Pearlman as executive chairman of the Board effective June 1,
2016, as disclosed in a regulatory filing with the Securities and
Exchange Commission.  

Mr. Pearlman has served as a director of the Company since May 2010
and Chairman of the Board since September 2010.  As a result of Mr.
Pearlman's employment by the Company, Mr. Pearlman has stepped down
from his positions on the Audit Committee, the Compensation
Committee, the Corporate Governance and Nominations Committee and
the Regulatory Compliance Committee effective immediately.  He will
continue to serve on the Strategic Development Committee.

Mr. Pearlman will be paid an annual salary of $650,000 in his role
as executive chairman.  The Company will pay, on behalf of Mr.
Pearlman, certain administrative expenses incurred in his role as
Executive Chairman in an amount not to exceed $2,500 per month. Mr.
Pearlman was recommended and nominated to the Board by Kien Huat
Realty III Limited, the Company's largest shareholder, pursuant to
the terms of that certain investment agreement, dated Aug. 19,
2009, by and between the Company and Kien Huat.

                     About Empire Resorts

Based in Monticello, New York, Empire Resorts, Inc. (NASDAQ: NYNY)
-- http://www.empireresorts.com/-- owns and operates Monticello
Casino & Raceway, a video gaming machine and harness racing track
and casino located in Monticello, New York, 90 miles northwest of
New York City.

Empire Resorts reported a net loss applicable to common
shareholders of $36.8 million on $68.2 million of net revenues for
the year ended Dec. 31, 2015, compared to a net loss applicable to
common shareholders of $24.1 million on $65.2 million of net
revenues for the year ended Dec. 31, 2014.

As of March 31, 2016, Empire Resorts had $334.73 million in total
assets, $37.69 million in total liabilities and $297.04 million in
total stockholders' equity.


ENERGY XXI: Two More Creditors Appointed to Committee
-----------------------------------------------------
The Office of the U.S. Trustee on June 3 appointed two more
creditors of Energy XXI Ltd. and its affiliates to serve on the
official committee of unsecured creditors.

The unsecured creditors are:

     (1) Wilmington Savings Fund Society, FSB
         as Successor Indenture Trustee
         Attn: Patrick Healy
         500 Delaware Avenue, 11th Floor
         Wilmington, DE 19801
         Tel. 302-888-7420
         Email: phealy@wsfsbank.com

         Counsel: Mintz Levin Cohn Ferris Glovsky & Popeo
         Paul J. Ricotta, Esq.
         One Financial Center
         Boston, MA 02111
         Tel. 617-348-1752
         Email: pjricotta@mintz.com

     (2) Delaware Trust Company
         as Successor Indenture Trustee
         Attn: Sandra E. Horwitz
         2711 Centerville Road
         Wilmington, DE 19808
         Tel. 302-636-5860
         Fax 302-636-8666
         Email: shorwitz@delawaretrust.com

         Counsel: Ropes & Gray LLP
         Mark R. Somerstein, Esq.
         1211 Avenue of the Americas
         New York, NY 10036
         Tel. 212-841-8814
         Fax 646-728-1663
         Email: mark.somerstein@ropesgray.com

The bankruptcy watchdog had earlier appointed Wilmington Trust
National Association, Axip Energy Services LP, Fab-Con
Incorporated, Wellbore Fishing & Rental Tools LLC and B & J Martin
Inc., court filings show.

                         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 LLP 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.

Wilmer Cutler Pickering Hale and Dorr LLP represents an ad hoc
group of certain holders and investment advisors and managers for
holders of obligations arising from the 8.25% Senior Notes due 2018
issued pursuant to that certain Indenture, dated as of Feb. 14,
2011, by and among EPL Oil & Gas, Inc., certain of EPL's
subsidiaries, as guarantors, and U.S. Bank National Association, as
trustee.

The Office of the U.S. Trustee on April 26 appointed five creditors
of Energy XXI Ltd. to serve on the official committee of unsecured
creditors.  The Committee retains Heller, Draper, Patrick, Horn &
Dabney LLC as its co-counsel, Latham & Watkins LLP as its
co-counsel, and FTI Consulting, Inc. as its financial advisor.


ESB 1836: Unsecureds to be Paid From Litigation, Sale Proceeds
--------------------------------------------------------------
ESB 1836 Incorporated filed with the U.S. Bankruptcy for the
Northern District of Illinois, Eastern Division, a plan of
reorganization and disclosure statement contemplating the transfer
of all of the Debtor's assets to the Reorganized Debtor for the
implementation of the Plan, the treatment of Creditors under the
Plan, and the reorganization and continuation of the Debtor's
business by the Reorganized Debtor.

The Debtor's sole asset is the real property commonly known as 7315
W. Grand Ave., Elmwood Park, Illinois.

The Plan will be funded by and through (i) a revolving loan from
the existing Equity of the Debtor (i.e., up to at least $150,000),
and (ii) the Reorganized Debtor???s future cash flow generated by
its ongoing business operations.

There are approximately $38,500 in General Unsecured Claims.  Each
Holder of such claim will be paid pro-rata from the proceeds of the
sale of substantially all of the assets of the Reorganized Debtor
and litigation against Forman Real Property, LLC and First Security
Trust and Savings Bank and only after the full repayment of the New
Loan (plus interest and expenses).

A full-text copy of the Disclosure Statement dated June 2, 2016, is
available at http://bankrupt.com/misc/ilnb16-13848-14.pdf

ESB 1836 Incorporated (Bankr. N.D. Ill., Case No. 16-13848) filed a
Chapter 11 Petition on April 22, 2016.  The Debtor is represented
by: Robert Glantz, Esq., at Midwest Bankruptcy Attorneys LLC.


FAIRPOINT COMMUNICATIONS: Maglan Delivers Letter to CEO, Board
--------------------------------------------------------------
Maglan Capital LP, together with its affiliates, one of the largest
and longest term shareholders of FairPoint Communications, Inc.,
with beneficial ownership of approximately 7.5% of the Company's
outstanding shares of common stock, on June 6, 2016, disclosed that
it has delivered a letter to Paul Sunu, FairPoint's Chief Executive
Officer, and to the other members of FairPoint's Board of
Directors.

The full text of Maglan Capital's letter to FairPoint:

June 6, 2016

Members of the Board of Directors
c/o Paul Sunu, CEO
FairPoint Communications, Inc.
521 E Morehead St
Charlotte, NC 28202

Gentlemen:

Investment funds affiliated with Maglan Capital LP are significant,
long-term shareholders of FairPoint Communications, Inc.
("FairPoint" or the "Company"), with holdings together representing
beneficial ownership of approximately 7.5 percent of FairPoint's
outstanding common equity.  We believe there is a serious
discrepancy between FairPoint's improved balance-sheet, operating
performance and prospects, on the one hand, and its current market
valuation, on the other.  It is our view that this discount is
directly linked to the Board's failure to act in ways that protect
and enhance shareholder value and reward shareholders for the
Company's successes.

FairPoint's stock trades at a significant discount to its peers.
Moreover, its share price is currently at approximately $13 per
share, in contrast to the $20+ share price it achieved in early
2015 after the successful conclusion of its unionized-labor force
strike and renegotiation of the related collective bargaining
agreements ("CBAs").  Shareholders have been extremely patient with
the Company's operational turnaround and have suffered, we believe,
because the Board has not been vigilant in protecting shareholder
value.

Operationally, FairPoint has made enormous strides.  The Company's
revenue is stabilizing and growth is coming.  The Company has
generated consistent cash-flow and it is well positioned to
generate consistent cash-flow going forward.

We note that, other than through Angelo Gordon & Co., the Board has
de minimis ownership of the Company's shares.  Furthermore, in the
past 18 months, while tremendous fundamental strides were being
made and the stock price fell, the members of the Board have failed
to purchase any shares.

All of this gives us serious reason for concern about the current
Board's sense of urgency and alignment of interests with the
Company's owners.  We suspect that our concerns are shared by a
number of other large shareholders, and are of the impression that
there has been little action taken, despite these concerns having
been voiced directly to members of the Board previously.
Accordingly, we believe that it is important that the Board bring
focus and urgency to the implementation of potential value-creating
initiatives, including (in order of priority):

A sale of the Company;
Initiation of a recurring dividend to shareholders;
Development of a company share repurchase program;
Retirement of outstanding debt; and
Refinancing of outstanding debt.

Maglan has been an investor in FairPoint since its Chapter 11
bankruptcy case, or almost 6 years; aside from insiders, Maglan may
be the Company's oldest shareholder.  We have witnessed the
Company's stock trade below $4 per share and above $20 per share.

FairPoint's current enterprise-value is 5x projected 2016 EBITDA,
among the lowest in its peer group, while comparable companies are
valued in a range of 6x to 9x+ EBITDA.  Therefore, the stock
represents a tremendous value play.  At a 6x valuation, FairPoint's
share-price would be $23, or over 75% higher than the current
price.  Moreover, since the Company's successful renegotiation of
its CBAs and the peaking of the share-price in early 2015, the
share price has been on a downward trajectory, losing over 35% of
its value.  In 2016 year-to-date alone, while the share-prices of
peers have gained an average >15%, FairPoint's shares are down
over 17%.

FairPoint has achieved monumental operational-related
accomplishments over the past 5 years, which culminated with the
successful renegotiation of the CBAs in 2015, reducing the
Company's long-term debt by over $700mm.  The Company's bottom-line
and top-line achievements are remarkable.  The Company is now
overdue on turning its attention directly to shareholders, in ways
that other wireline telecom companies do.

A Sale of the Company

With the Company's labor challenges behind it and with it $700mm of
long-term debt removed from FairPoint's balance-sheet, the time has
come for the Company to be sold or to be merged into a peer. The
Company is on solid financial footing and the operations continue
to produce improving results.  The Company controls a unique and
ubiquitous geographic area in Northern New England with a
high-quality fiber network.

Other, larger participants in the wireline space have been active
and acquisitive recently, at prices substantially higher than 6x
EBITDA, before synergies.  For instance, in 2015 Frontier
Communications ("Frontier") acquired $10B of Verizon's wireline
assets in three states, at a price that valued those assets at 6.4x
EBITDA (before synergies).  Previously, Frontier purchased AT&T's
wireline assets in Connecticut for 6.2x EBITDA. Frontier and other
peers such as, Communications Sales & Leasing (CSAL), Consolidated
Communications (CNSL), Windstream Communications (WIN), Cincinnati
Bell (CBB) and CenturyLink (CTL) are natural potential acquirors of
FairPoint's assets.

After being closed in late 2015 and early 2016 the high yield
market is wide open and the opportunity to do a deal is at hand.
Spreads in the high yield ILEC and RLEC space have compressed
dramatically over the past few months and issuers such as
Windstream and CenturyLink have tapped the high yield and bank debt
markets for financing which have been substantially
oversubscribed.

In particular, a merger with Communications Sales & Leasing (CSAL),
the only wireline REIT in the United States, is the most logical
combination and would be tremendously accretive to shareholders of
both companies.  CSAL was spun out of Windstream a year ago. Since
then, it has achieved an enterprise valuation of 10x EBITDA, yet
remains at risk for concentration to almost exclusively one lessee,
Windstream.  Except for a small acquisition earlier this year, CSAL
has not diversified its assets or lessees.  Currently, CSAL is
valued well above 10x EBIDTA and it can afford, and will benefit
from, diversification.  We urge the Board to explore a deal with
CSAL immediately as it would be beneficial for all parties,
especially in a stock for stock transaction.  In the case of a
stock for stock transaction we believe the newly acquired CSAL
shares would increase substantially in value on an acquisition of
FairPoint's assets.

Since the Company completed the renegotiation of the CBAs over a
year ago, FairPoint management has consistently indicated on
quarterly conference calls that the Company is considering
strategic initiatives for the benefit of shareholders.  However,
during all that time, the Company has not taken even one action for
the direct benefit of shareholders, and the stock has slid
precipitously during that time.  We urge the Board to retain
financial advisors and pursue a transaction on an expedited basis.

Stock-related Activities

While exploring the sale of the Company, the Board must be vigilant
about generating value for shareholders immediately.  With the
cash-flow that the Company currently generates it can afford to
commence a share repurchase program (based on the fundamental
discount of the share-price) and initiate a recurring dividend.

At the end of the first quarter, the Company had $23 million of
cash and no outstanding borrowings on its revolving credit
facility.  For 2016, we project that the Company will generate $52
million of free cash flow (FCF).  Accordingly, a dividend of $1.50
per annum will cost the company approximately $40 million- well
within the range of comfort.

Shareholders of all of the Company's peers benefit from a recurring
dividend.  Moreover, without paying an equity-related dividend,
FairPoint has alienated a large portion of the telecom investment
community who specifically seek dividend-paying stocks. Currently,
FairPoint's shareholder base is highly concentrated and is devoid
of any generic investors.  To act more like peers and to possibly
usher-in a new shareholder demographic would be a positive for the
Company's shareholders and a positive for the Company as a whole.
We urge the Board to immediately issue a recurring dividend to
shareholders in furtherance of distributing a substantial portion
of the Company's FCF.

Debt-related Activities

Based on the same foregoing points, the Company should also
consider strategically retiring some of its debt, which currently
trades at a discount.  Although FairPoint's term-loan trades at
par, the Company's bonds currently trade at 96, which is at a
substantial discount to its call-protection of 104.  At this point,
the Company is on very solid ground operationally and financially.
Moreover, the Company's debt carries a hefty coupon at 8.75% and
its bonds trade at an 8-point discount to the call-protection, and
therefore, retiring debt would be an efficient use of capital.

Furthermore, the Company's current debt-load was arranged prior to
the renegotiation of the CBAs and the resulting $700mm of debt
reduction which was thought to be senior to any of the current debt
load.  Based on the high interest-rate that FairPoint's debt
carries, the fact that the high-yield markets are currently open
and that the Company is in a much better position debt-wise since
it issued its current debt package, the Company should immediately
consider refinancing its debt in-line with interest-rates paid by
peers, which are all high-yield issuers.

It is high-time that the Company and the Board turn its attention
directly to shareholders and, specifically, unlocking shareholder
value.  We have been a very patient group. If the managerial
leadership of the Company is averse to acting in the best interests
of shareholders, the Board should act to replace ineffective
members who are not effectively executing on their fiduciary
obligations.

We are willing and ready to discuss the contents of this letter and
other value creating initiatives with Mr. Horowitz, Mr. Sunu and
the other directors at your earliest convenience.

Sincerely,

MAGLAN CAPITAL LP         

Steven Azarbad                   David Tawil
Chief Investment Officer         President

cc:        Edward D. Horowitz
            Michael J. Mahoney
            David L. Treadwell
            Wayne L. Wilson
            Peter Gingold
            Dennis J. Austin
            Michael K. Robinson
            Peter Aquino

Maglan Capital has retained Olshan Frome Wolosky LLP as its legal
and strategic advisor in connection with its investment and
involvement at FairPoint.

                       About Maglan Capital

Maglan Capital is an event-driven investment fund with a core focus
on all parts of the distressed cycle, investing in liquid
instruments across the capital structure of companies approaching
or experiencing financial distress, bankruptcy or restructuring.

                 About FairPoint Communications

FairPoint Communications, Inc. (NYSE: FRP) --
http://www.fairpoint.com/-- owns and operates local exchange
companies in 18 states offering advanced communications with a
personal touch, including local and long distance voice, data,
Internet, television and broadband services.  FairPoint is traded
on the New York Stock Exchange under the symbols FRP and FRP.BC.

FairPoint and its affiliates filed for Chapter 11 protection
(Bankr. S.D.N.Y. Case No. 09-16335) on Oct. 26, 2009.  Rothschild
Inc. is acting as financial advisor for the Company; AlixPartners,
LLP, as the restructuring advisor; and Paul, Hastings, Janofsky &
Walker LLP is the Company's counsel.  BMC Group is the claims and
notice agent.

As of June 30, 2009, FairPoint reported $3.24 billion in total
assets, $321 million in total current liabilities, $2.91 billion in
total long-term liabilities, and $1.23 million in stockholders'
equity.

Andrews Kurth is counsel to the Official Committee of Unsecured
Creditors.  Altman Vilandrie is the operational consultant to the
Creditors' Committee.  Verrill Dana is the Creditors' Committee's
special regulatory counsel.  Jeffries serves as the Creditors'
Committee's financial advisor.

FairPoint on Jan. 24, 2011, successfully completed its balance
sheet restructuring and emerged from Chapter 11.  As a result of
the restructuring, FairPoint reduced its outstanding debt by
roughly 64%, from roughly $2.8 billion -- including interest rate
swap liabilities and accrued interest -- to roughly $1.0 billion.
In addition, the Company has a $75 million revolving credit
facility available for working capital and general corporate
purposes.  Existing stock in the Company was cancelled and holders
did not receive any distributions.

                          *     *     *

The Troubled Company Reporter, on Feb. 4, 2013, reported that
Standard & Poor's Ratings Services assigned its 'B' issue-level
rating and '3' recovery rating to Charlotte, N.C.-based incumbent
local exchange carrier (ILEC) FairPoint Communications Inc.'s
proposed $650 million senior secured term loan B, $75 million
revolving credit facility, and $300 million of secured notes.  The
company will use proceeds to repay borrowings under its existing
bank loan, which currently totals about $950 million.


FAIRWAY GROUP: Bankruptcy Judge Confirms Reorganization Plan
------------------------------------------------------------
Fairway Group Holdings Corp., the parent company of Fairway Market,
the iconic New York food retailer that offers customers a
differentiated one-stop shopping experience "Like No Other Market",
on June 8, 2016, disclosed that the Plan of Reorganization (the
"Plan") was unanimously accepted by 100% of voting secured lenders
and confirmed by Bankruptcy Judge Michael E. Wiles.  Fairway is
expected to emerge from bankruptcy during the week of June 20[th],
2016 with approximately $50 million in cash, a substantial
reduction of its debt by $140 million and a reduction of Fairway's
annual debt service obligations by up to $8 million.   

"Thank you to all the customers who have continued to support
Fairway.  Our stores are open and stronger than ever," said Jack
Murphy, Chief Executive Officer.

In accordance with the Plan, all prepetition unsecured creditors,
including suppliers, employees, unions and other trade creditors
were not impaired and were and will continue to be paid in the
ordinary course of business.  The senior secured lenders will
exchange their loans for new common equity of Fairway and some
reinstated debt.  All of Fairway's outstanding shares of common
stock will be cancelled pursuant to the Plan with no distribution
to the holders thereof.

Jack Murphy added, "We will emerge from bankruptcy with a stronger
balance sheet, $50 million in cash and the backing and commitment
from the senior lenders and new shareholders to re-invest in the
future of Fairway.  We will continue to provide to our customers
the best food experience in the greater New York area and we pride
ourselves on continuously improving our product offering while
maintaining the freshness and quality our loyal customers have come
to expect."

In addition, Fairway is on target to open a new Fairway store in
Georgetown, Brooklyn in late 2016.

                          About Fairway

Headquartered in New York, Fairway Group Holdings Corp. is a food
retailer offering customers a differentiated one-stop shopping
experience "Like No Other Market".  Fairway claims to have
established itself as a leading food retailing destination in the
Greater New York City metropolitan area, with stores that emphasize
an extensive selection of fresh, natural and organic products,
prepared foods and hard-to-find specialty and gourmet offerings,
along with a full assortment of conventional groceries.

Fairway operates 15 locations in the Greater New York City
metropolitan area, including four Fairway Wines & Spirits
locations.  Seven Fairway stores are located in New York City and
the remainder of Fairway's stores are located in New York (outside
of New York City), New Jersey and Connecticut.

Fairway Group, et al., filed Chapter 11 bankruptcy petitions
(Bankr. S.D.N.Y. Proposed Lead Case No. 16-11241) on May 2, 2016.
The petitions were signed by Edward C. Arditte as co-president and
chief financial officer.

The Debtors have engaged Weil, Gotshal & Manges LLP as counsel,
Norton Rose Fulbright US LLP as special corporate counsel, Curtis,
Mallet-Prevost, Colt & Mosle LLP as conflicts counsel, Alvarez &
Marsal as financial advisor and Prime Clerk LLC as claims and
noticing agent.

                        *     *     *

The original version of the Debtors' plan provides that holders of
allowed prepetition general unsecured claims, including trade,
landlord and employees claims against the Debtors, will be paid, or
otherwise treated, in the ordinary course as if the Debtors had not
commenced these Chapter 11 cases.  The Debtors' senior secured
lenders will receive their pro-rata share of:

   i) 90% of new common stock in reorganized holdings;
  ii) a $45 million last out exit term loan; and
iii) a $39 million unsecured subordinated loan.


FAIRWAY GROUP: Wins Approval of Restructuring Plan
--------------------------------------------------
Tom Corrigan, writing for The Wall Street Journal, reported that
Fairway Group Holdings Corp., a New York supermarket chain that
faltered following an ambitious expansion, won court approval on
June 7 for a reorganization plan that will cut its debt load in
half.

According to the report, Judge Michael Wiles of the U.S. Bankruptcy
Court in Manhattan signed off on the plan a little more than a
month after the store operator filed for chapter 11 protection.
The company hopes to emerge formally from bankruptcy within two
weeks, according to its lawyer, Sunny Singh, the report related.

The restructuring plan cuts Fairway's funded debt by $140 million
and leaves it with about $50 million in cash to help maintain
operations while it works to get back on its feet, the report
further related.  All of the company's 4,000 employees will keep
their jobs, and Fairway won't change collective-bargaining
agreements for its unionized workers, the report added.

Fairway expanded rapidly in recent years after a leveraged buyout
by Connecticut-based private-equity firm Sterling Investment
Partners, the report said.  Under Sterling, Fairway spread its
footprint beyond New York City into suburban New York, New Jersey
and Connecticut and went public in 2013, the report noted.

                      About Fairway

Headquartered in New York, Fairway Group Holdings Corp. is a food
retailer offering customers a differentiated one-stop shopping
experience "Like No Other Market".  Fairway claims to have
established itself as a leading food retailing destination in the
Greater New York City metropolitan area, with stores that
emphasize
an extensive selection of fresh, natural and organic products,
prepared foods and hard-to-find specialty and gourmet offerings,
along with a full assortment of conventional groceries.

Fairway operates 15 locations in the Greater New York City
metropolitan area, including four Fairway Wines & Spirits
locations.  Seven Fairway stores are located in New York City and
the remainder of Fairway's stores are located in New York (outside
of New York City), New Jersey and Connecticut.

Fairway Group, et al., filed Chapter 11 bankruptcy petitions
(Bankr. S.D.N.Y. Proposed Lead Case No. 16-11241) on May 2, 2016.
The petitions were signed by Edward C. Arditte as co-president and
chief financial officer.

The Debtors have engaged Weil, Gotshal & Manges LLP as counsel,
Norton Rose Fulbright US LLP as special corporate counsel, Curtis,
Mallet-Prevost, Colt & Mosle LLP as conflicts counsel, Alvarez &
Marsal as financial advisor and Prime Clerk LLC as claims and
noticing agent.

                        *     *     *

The original version of the Debtors' plan provides that holders of
allowed prepetition general unsecured claims, including trade,
landlord and employees claims against the Debtors, will be paid,
or
otherwise treated, in the ordinary course as if the Debtors had
not
commenced these Chapter 11 cases.  The Debtors' senior secured
lenders will receive their pro-rata share of:

   i) 90% of new common stock in reorganized holdings;
  ii) a $45 million last out exit term loan; and
iii) a $39 million unsecured subordinated loan.


FIELDWOOD ENERGY: Moody's Raises CFR to Caa2, Outlook Stable
------------------------------------------------------------
Moody's Investors Service upgraded Fieldwood Energy, LLC's
Corporate Family Rating to Caa2 from Caa3, Probability of Default
Rating (PDR) to Caa2-PD/LD from Caa3-PD, senior secured first-lien
term loan rating to B2 from Caa1 and senior secured second-lien
term loan to Caa3 from Ca.  The rating outlook was revised to
stable from negative.

The appending of the PDR with an "/LD" designation indicates
limited default, reflecting the closing of the company's exchange
of $517.5 million of its second-lien term loans for the new $517.5
million first-lien last out (FLLO) term loan and Riverstone's
(Fieldwood's private equity sponsor) purchase of over $640 million
second-lien term loan in secondary markets at a significant
discount.  Moody's views these transactions as a distressed
exchange, which is equivalent to a default under Moody's
definitions.  Moody's will remove the "/LD" designation after three
business days.

"The upgrade of the ratings reflects the closing of the debt
exchange and amendments to its first-lien credit facility that
together have extended the company's debt maturity profile, reduced
financial covenant violation risks and postponed any borrowing base
redetermination until May 2018," commented Sajjad Alam, Moody's
AVP-Analyst.  "Despite these credit enhancing measures, Fieldwood
will still be left with a heavy debt burden and weak liquidity and
will continue to face elevated risks of a distressed exchange in a
low oil and natural gas price environment."

Issuer: Fieldwood Energy LLC

Ratings Upgraded:

  Corporate Family Rating, Upgraded to Caa2 from Caa3

  Probability of Default Rating, Upgraded to Caa2-PD/LD from
   Caa3-PD

  $755 million First Lien Senior Secured Term Loan, Upgraded to B2

   (LGD2) from Caa1 (LGD2)

  $1,626 million Second Lien Senior Secured Term Loan, Upgraded to

   Caa3 (LGD5) from Ca (LGD5)

Outlook Actions:

  Changed to Stable from Negative

                           RATINGS RATIONALE

Fieldwood's Caa2 CFR reflects its unsustainably high debt burden in
relation to its cash flow potential in a low commodity price
environment, weak liquidity including limited cash balance and no
revolver, large debt-like plugging & abandonment (P&A) obligations
that demands significant recurring cash outlays, exposure to
elevated event risks due to its concentration in the US Gulf of
Mexico, and heavy reinvestment requirements to extend a short
reserve life.  The rating is supported by Fieldwood's large
oil-weighted (~60% liquids) production base, high proportion of
proved developed (PD) and behind-pipe reserves that can be brought
to production at fairly low costs, and routine practice of hedging
a significant portion of its production.  The Caa2 CFR also
reflects the company's private ownership and limited operational
and financial disclosures.

Fieldwood has weak liquidity based on our assumption that the
company will continue to underinvest in its assets to maintain cash
flow neutrality in a low commodity price environment. Although the
company has significant production volumes hedged for the balance
of 2016, there's minimal price protection for 2017. The company had
cash balance of about $46 million as of March 31, 2016 and did not
have a committed line of credit, which will leave limited margin of
error for operational setbacks.  Near term default risk has
lessened somewhat after the company was able to execute an
amendment to its credit agreement and replace the leverage covenant
with a 1.1x interest coverage covenant and retain the $1.3 billion
borrowing base until May 2018.  The company does have a $755
million debt maturity in September 2018, which could pose
refinancing challenges if oil and natural gas prices do not improve
from today's levels.  The company's alternate liquidity is limited
given all of its assets are encumbered by its secured credit
facilities.

The $755 million first-lien term loan is rated B2, three notches
above the CFR, because it has a priority claim to Fieldwood's
assets and it benefits from the significant loss absorption cushion
provided by the new FLLO and the existing second-lien term loan
facilities.  Moody's believes the B2 rating more appropriately
captures the recovery potential for the $755 million term loan
despite a B1 indication by Moody's Loss Given Default Methodology.
The $1.66 billion second-lien term loan is rated Caa3 and notched
below the CFR because of its junior claim behind all the other debt
in a potential default situation.

The stable outlook reflects our view the Fieldwood will continue to
manage its business within operating cash flow.  The CFR could be
downgraded if the EBITDAX to Interest coverage ratio falls below
1.5x or liquidity weakens.  For an upgrade, Moody's will look for
significant debt reduction, improved liquidity and a sustainable
RCF/Debt ratio above 20%.

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

Fieldwood Energy LLC is a Houston, Texas based private oil and gas
exploration and production company with primary producing assets on
the US Gulf of Mexico shelf.


FIFTH STREET FINANCE: Fitch Affirms 'BB' LT Issuer Default Rating
-----------------------------------------------------------------
Fitch Ratings has affirmed the 'BB' Long-Term Issuer Default Rating
(IDR) and debt ratings of Fifth Street Finance Corp (FSC). The
Rating Outlook is Negative. Fitch has chosen to withdraw the
ratings of FSC for commercial reasons.

On March 9, 2016, Fitch downgraded FSC's Long-Term IDR and debt
ratings to 'BB' from 'BB+' and maintained the Negative Rating
Outlook. The rating actions were taken as part of Fitch's periodic
review of Business Development Companies (BDCs), which comprises 10
publicly rated firms. For more information on this rating action,
please see the rating action commentary titled 'Fitch Downgrades
Fifth Street Finance to 'BB'; Maintains Negative Outlook'. There
has been no material change in FSC's credit profile since the
previous rating actions.

KEY RATING DRIVERS
IDR AND SENIOR DEBT

The rating affirmations reflect the absence of material changes in
FSC's credit profile since Fitch's last rating actions. FSC's
ratings remain supported by the senior secured nature of the
majority of the collateral, limited exposure to oil and gas
investments, low interest rate risk, appropriate funding and
liquidity profiles, and the regulatory framework (Investment
Company Act of 1940) under which BDCs operate.

The downgrade on March 9, 2016 reflected FSC's continued asset
quality deterioration and higher leverage relative to peers,
compounded by a weakening franchise as a result of accounting
misstatements and inconsistencies in strategy, growth plans, fee
structure, dividend policy, and share repurchase activity.
Additionally, pending shareholder lawsuits were expected to
continue to be a distraction for management and likely to
negatively impact operating performance, as elevated legal expenses
weigh on net investment income and dividend coverage in the near
term.

Other rating constraints applicable to the BDC sector more broadly
include the capital markets impact on leverage, given the need to
fair value portfolio investments each quarter, the limited ability
to retain capital due to dividend distribution requirements and
Fitch's Negative sector and Rating Outlooks, which reflect
competitive underwriting conditions, earnings pressure,
underperforming energy investments, unsustainable asset quality
metrics, increased activist pressure, and limited access to growth
capital.

The maintenance of the Negative Rating Outlook reflects the
potential for further asset quality deterioration and longer-term
uncertainties with respect to management's fundamental risk
appetite regarding leverage, portfolio risk, growth, and dividend
management. Given the time it could take to address these issues,
Fitch expected that resolution of the Negative Outlook could be
toward the outer end of the 12-24 month Outlook horizon. As such,
Fitch is unable to resolve the Negative Outlook prior to the rating
withdrawal.

RATING SENSITIVITIES
IDR AND SENIOR DEBT

Rating sensitivities are no longer relevant given today's rating
withdrawal.

Fitch has affirmed and withdrawn the ratings as follows:

Fifth Street Finance Corp.
-- Long-Term IDR at 'BB';
-- Senior secured debt at 'BB';
-- Senior unsecured debt at 'BB'.

The Rating Outlook is Negative.


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

                       About Firebird Renewal

Firebird Renewal LLC sought protection under Chapter 11 of the
Bankruptcy Code in the Southern District of Florida (Fort
Lauderdale) (Case No. 16-16074) on April 27, 2016.  The petition
was signed by James S. Coleman, manager.

The case is assigned to Judge John K. Olson.  The Debtor is
represented by Tarek K. Kiem, Esq., at Rappaport Osborne Rappaport
& Kiem, PL.  

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

The Debtor listed Dream Years IV LLC as its largest unsecured
creditor.


FIRST DATA: Files 2015 Conflict Minerals Report
-----------------------------------------------
First Data Corporation filed with the Securities and Exchange
Commission a Conflict Minerals Report in accordance with Rule 13p-1
and Form SD promulgated under the Securities Exchange Act of 1934
for the reporting period Jan. 1, 2015, through Dec. 31, 2015.

In 2010, the Dodd Frank Wall Street Reform and Consumer Protection
Act (the Act) was enacted, predominately focused on financial
regulatory reform.  Section 1502 of the Act specifically relates to
Conflict Minerals, as implemented in accordance with Rule 13p-1
under the Securities and Exchange Act of 1934, and as promulgated
by the Securities and Exchange Commission (SEC).  The Rule requires
SEC registrants to make annual disclosures each calendar year,
where Conflict Minerals are necessary to the functionality or
production of a product manufactured by the SEC registrant,
including if the products are contracted by the registrant to be
manufactured on their behalf by suppliers or other third-parties.
Conflict Minerals covered by the Rule consist of gold,
columboite-tantalite (coltan), cassiterite, and wolframite,
including their derivatives consisting of tin, tungsten, and
tantalum (collectively, Conflict Minerals).

"In accordance with the Rules, we conducted a good faith RCOI
regarding the use of Conflict Minerals that was reasonably designed
to determine whether any of the Conflict Minerals originated in the
Covered Countries, and whether any of the Conflict Minerals may be
from recycled or scrap sources. To conduct the RCOI, we: (1)
identified product categories and parts in those categories that
may contain Conflict Minerals; (2) identified our direct suppliers
who manufactured or supplied those products or parts; (3) validated
supplier information with our internal sourcing team; and (4)
contacted each supplier and requested information on: (i) the
Conflict Minerals that may be contained within the products and
(ii) the source of the Conflict Minerals, including
smelter/refinery information.

"First Data does not have a direct relationship with downstream
smelters and/or refiners within our direct suppliers' supply-chain.
Accordingly, we rely on our direct suppliers to complete the
Electronic Industry Citizenship Coalition Global e-Sustainability
Initiative (EICC-GeSI) Conflict Minerals Reporting Template (CMRT).
Based upon the structure of our supply-chain and the lack of
direct access to sub-tier suppliers, we relied on our direct
suppliers to provide information on the origin of the Conflict
Minerals contained in products or parts purchased from them by
conducting a supply-chain survey using the CMRT.

"We received responses from most, but not all suppliers.
Additionally, some supplier responses were incomplete, or the
supplier was unable to obtain complete responses from their
downstream suppliers in order to verify the origin of Conflict
Minerals.  In such instances, we communicated to these suppliers
seeking additional information and requested that they use best
efforts in obtaining information from downstream suppliers.  We
continue to work with our suppliers to improve the quality and
thoroughness of information received from survey responses.

"Accordingly, Conflict Minerals are present in some Covered
Products that may have originated in the Covered Countries that are
not from scrap or recycled sources.  As a result, in accordance
with the Rules, we engaged in due diligence activities regarding
the sources and chain of custody of the Conflict Minerals.

"Following our RCOI, we conducted a due diligence review intended
to conform to the internationally recognized industry framework
based on the OECD Due Diligence Guidance for Responsible Supply
Chains of Minerals from Conflict-Affected and High-Risk Areas.  As
First Data does not purchase Conflict Minerals from mines, smelters
or refiners, nor do we directly manufacture the Covered Products
described in this Report, we must rely on our suppliers to provide
information regarding the origin of the Conflict Minerals included
in our Covered Products.  Our due diligence measures are summarized
below."

A full-text copy of the Conflict Minerals Report is available at:

                    https://is.gd/eMohHa

                       About First Data

Based in Atlanta, Georgia, First Data Corporation provides
commerce and payment solutions for financial institutions,
merchants, and other organizations worldwide.

First Data reported a net loss attributable to the Company of $1.48
billion on $11.5 billion of total revenues for the year ended Dec.
31, 2015, compared to a net loss attributable to the Company of
$458 million on $11.2 billion of total revenues for the year ended
Dec. 31, 2014.

As of March 31, 2016, First Data had $33.72 billion in total
assets, $30.04 billion in total liabilities, $73 million in
redeemable noncontrolling interest and $3.61 billion in total
equity.

                           *     *     *

The Company carries a 'B2' corporate family rating, with a
stable outlook, from Moody's Investors Service, a 'B+' corporate
credit rating, with stable outlook, from Standard & Poor's, and
a 'B' long-term issuer default rating from Fitch Ratings.


FIRST EVANGELIST HOUSING: Selling Jackson Property for $21K
-----------------------------------------------------------
Debtor First Evangelist Housing and Community Development Corp. of
New Orleans and creditor Hope Enterprise Corp., jointly ask the
Bankruptcy Court for the Eastern District of Louisiana for approval
to sell immovable property bearing municipal address 2724 Jackson
Avenue, New Orleans, Louisiana 70113, on grounds measuring
approximately 30 x 111, to Linden and Wales, LLC for $21,000.

At the time of the filing of the Debtor's voluntary petition, the
Jackson property was subject to a Multiple Indebtedness Mortgage,
dated March 22, 2007, and executed by First Evangelist in favor of
Hope.  According to HEC, the total balance due on the Promissory
Note dated March 22, 2007, as of September 9, 2015, is $47,184.32,
and the balance due on the Promissory Note dated November 17, 2004,
as of September 9, 2015, is $424,156.34.

On Feb. 2, 2016, the Debtor entered into a "Listing Agreement" with
Eunice Ben of ACA Realty, under the terms and provisions of which
ACA Reality was employed by the said debtor, as agent, to market
for sale the of the property for a commission of 6% of the gross
sales price.

The Debtor has received an offer from Wales to purchase the Jackson
property, free and clear of all liens, claims, mortgages,
privileges, encumbrances and interests, all as more fully reflected
in the Purchase Agreement.

Accordingly, the only encumbrances appearing of record on the
Jackson property is the Multiple Indebtedness Mortgage held by Hope
and the lien of the City of New Orleans in the amount of $3,055.

Based on the Debtor's calculations, and after allocating for the
agent's commission of 6% of the sales proceeds or $1,260, there
will remain some $19,750 to which Hope and the City of New Orleans
liens will attach.

Acting on the premise or standard of what is in the best interest
of this estate and its creditors, the Debtor has determined and
believes that the sale of the Jackson property to Wales represents
the best price obtainable for this property on the current market.
The sale of the property is necessary to implement the Debtor's
Plan of Reorganization filed of record in the within Chapter 11
proceeding.

First Evangelist Housing and Community Development Corp. of New
Orleans is represented by:





         Darryl T. Landwehr         
         LANDWEHR LAW FIRM  
         1010 Common St., Suite 1710
         New Orleans, Louisiana 70112
         Telephone: (504) 561-8086

Hope Enterprise Corp. is represented by:

         Christopher H. Meredith        
         William H. Leech
         COPELAND, COOK, TAYLOR & BUSH, P.A.  
         600 Concourse, Suite 100
         1076 Highland Colony Parkway (Zip - 39157)  
         P.O. Box 6020  
         Ridgeland, Mississippi 39158
         Telephone: (601) 856-7200  
         Facsimile: (601) 353-6235  
         E-mail: bleech@cctb.com
                 cmeredith@cctb.com

                  About First Evangelist Housing

First Evangelist Housing And Community Development Corp. of New
Orleans sought Chapter 11 protection (Bankr. E. D. La. Case No.
15-12317) on Sept. 9, 2015 in New Orleans.  The case is assigned to
Judge Elizabeth W. Magner.

The Debtor is represented by Darryl T. Landwehr, Esq.

The Debtor estimated $0 to $50,000 in assets and $1 million to $10
million in debt.

The petition was signed by Marion Taylor, director.


FIRST VISTA: Case Summary & 2 Unsecured Creditors
-------------------------------------------------
Debtor: First Vista Investments, LLC
        1111 West Nolana
        McAllen, TX 78504

Case No.: 16-70247

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: June 7, 2016

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

Judge: Hon. Eduardo V Rodriguez

Debtor's Counsel: James Patrick Grissom, Esq.
                  ATTORNEY AT LAW
                  1111 W. Nolana Avenue
                  McAllen, TX 78504
                  Tel: 956-994-1127
                  Fax: 888-400-6407
                  E-mail: jpglawyer01@gmail.com

Total Assets: $7 million

Total Liabilities: $3.31 million

The petition was signed by Mario Daniel Flores, authorized
representative.

A list of the Debtor's two largest unsecured creditors is available
for free at http://bankrupt.com/misc/txsb16-70247.pdf


FORTERRA BUILDING: S&P Affirms 'B' CCR, Outlook Stable
------------------------------------------------------
S&P Global Ratings said it affirmed its 'B' corporate credit rating
on Forterra Building Products.  The rating outlook is stable.

At the same time, S&P affirmed the 'B' issue-level rating (the same
as the corporate credit rating) on Forterra's $875 million
first-lien term loan due 2022 (which will have approximately $960
million outstanding after the proposed $270 million add-on). S&P
also affirmed the 'CCC+' issue-level rating (two notches lower than
the corporate credit rating) on Forterra's $260 million second-lien
term loan due 2023.  The recovery rating on the first-lien term
loan remains '3', indicating S&P's expectation of meaningful (50%
to 70%; upper end of the range) recovery for lenders in the event
of a payment default.  The recovery rating on the second-lien term
loan remains '6', indicating S&P's expectation of negligible (0% to
10%) recovery for lenders in the event of a payment default.  S&P
do not rate the company's
$285 million asset-based lending facility (ABL).

"The stable outlook reflects our view that Forterra will experience
margin expansion and meaningful revenue growth in 2016 but will
remain highly leveraged, with debt-to-EBITDA leverage of 5.5x-6x
over the next 12 months," said S&P Global Ratings credit analyst
Pablo Garces.  "Our base case scenario does not incorporate any
further large-scale acquisitions or further dividends in the next
year."

S&P could lower its rating on Forterra if liquidity deteriorated to
a level S&P viewed as less than adequate and leverage measures
deteriorated to a level that S&P considered on the weak end for the
rating, about 8x, over the next year.  Such events could take place
if the company experienced limited availability under its ABL
facility and significantly lower margins -- or approximately 4% --
potentially due to heightened competition or greater-
than-expected difficulties incorporating acquisitions.

S&P could raise its corporate credit rating on Forterra if it is
able to continue to successfully integrate its recent acquisitions
and outperforms S&P's projections over the next 12 months.  Such
events could warrant an upgrade if they resulted in a reduction of
leverage to below 5x, as adjusted by S&P Global Ratings.  S&P would
also need to view the company's sponsor owners as committed to
pursuing a more conservative financial policy as a precursor to an
upgrade.


FPMC AUSTIN: Seeks to Hire Cherry Bekaert as Accountant
-------------------------------------------------------
FPMC Austin Realty Partners, LP seeks approval from the U.S.
Bankruptcy Court for the Western District of Texas to hire Cherry
Bekaert LLP as its accountant.

The Debtor tapped the firm to prepare and file its tax returns for
the year ending December 31, 2015.

The Debtor proposes to pay the firm a flat fee of $10,000 for the
preparation and filing of its tax returns, of which the entire
amount will be paid upfront as a retainer.

The $10,000 fee will include payment for all work-related expenses
incurred by the firm.

John Paden, a certified public accountant at Cherry Bekaert,
disclosed in a court filing that the firm is a "disinterested
person" as defined in section 101(14) of the Bankruptcy Code.

Cherry Bekaert can be reached through:

     John Paden
     Cherry Bekaert LLP
     200 South 10th Street, Suite 900
     Richmond, VA 23219
     Phone: 804-673-5700
     Fax: 804-673-4290

                        About FPMC Austin

FPMC Austin Realty Partners, LP's primary asset is a medical campus
property commonly known as the Forrest Park Medical Center Hospital
and Medical Office Building located 8.5 acres on the south side of
SH 45 North between MoPac and I-35 in Round Rock, Texas
("Property").

FPMC Austin Realty Partners filed a Chapter 11 bankruptcy petition
(Bankr. W.D. Tex. Case No. 16-10020) on Jan. 5, 2016. The petition
was signed by Mary Hatcher as manager of NRG Austin Dev. LLC, its
general partner. Judge Tony M. Davis has been assigned the case.

The Debtor estimated assets of $100 million to $500 million and
liabilities of $50 million to $100 million.

The Law Offices of Ray Battaglia, PLLC serves as the Debtor's
counsel.


FTS INTERNATIONAL: S&P Lowers CCR to 'CC' on Debt Repurchase Offer
------------------------------------------------------------------
S&P Global Ratings lowered its corporate credit rating on Fort
Worth, Texas-based oilfield services provider FTS International
Inc. (FTSI) to 'CC' from 'CCC+'.  The outlook is negative.

At the same time, S&P lowered the issue-level ratings on FTSI's
term loan due 2021 and senior secured notes due 2022 to 'CC' from
'CCC'.  The recovery ratings on these debt instruments remain '5',
indicating modest (10% to 30%; higher end of range) recovery to
creditors if a payment default occurs.  S&P also lowered the
issue-level rating on the company's $350 million senior secured
floating-rate notes to 'CCC' from 'B'.  The recovery rating on this
debt remains '1', reflecting S&P's estimate of very high (90% to
100%) recovery to creditors if a default occurs.

"The downgrade follows FTSI's announcement that it has launched a
repurchase offer to existing holders of its senior secured notes
due 2022 and its term loan due 2021 at an indicative price of 60%
to 70% below par," said S&P Global Ratings credit analyst Christine
Besset.  "The price will be determined by a Dutch auction process,
and the offer is set to expire on July 1, 2016," she added.

S&P views the transaction as distressed because investors will
receive less than what was promised on the original securities and
because S&P believes that FTS's current capital structure is
unsustainable given the severely depressed industry conditions.

The outlook is negative.  Once the transaction has closed, S&P
expects to lower the corporate credit rating to 'SD' (selective
default) and the issue-level rating on the second-lien secured debt
to 'D'.  S&P would then review the ratings based on the new capital
structure and consider an upgrade when there is more certainty that
the company is no longer pursuing distressed debt transactions.

S&P could raise the ratings if the repurchase offer was
unsuccessful and S&P believed the company was unlikely to engage in
further distressed debt transactions.


GA PROPERTY: Hires Vilarino & Associates as Bankruptcy Counsel
--------------------------------------------------------------
G.A. Property Development, Corp., seeks permission from the U.S.
Bankruptcy Court for the District of Puerto Rico to employ Javier
Vilarino, Esq. of Law Firm Vilarino & Associates as Attorney for
the Debtor.

The Debtor requires Mr. Vilarino with the assistance of Vilarino &
Associates to:

     a. advise the debtor with respect to its duties, powers, and
responsibilities in this case under the laws of the United States
and Puerto Rico in which the debtor in possession conducts its
operations, do business, or is involved in litigation;

     b. advise the debtor in connection with a determination
whether a reorganization is feasible and, if not, helping debtor in
the orderly liquidation of its assets;

     c. assist the debtor with respect to negotiation with
creditors for the purpose of arranging the orderly liquidation of
assets and/or for proposing a viable plan of reorganization;

     d. prepare, on behalf of the debtor, the necessary complaints,
answers, orders, reports, memoranda of law and/or any other legal
paper of documents;

     e. appear before the bankruptcy court, or any court in which
debtors assert a claim interest or defines directly or indirectly
related to this bankruptcy case;

     f. perform such other legal services for debtors as may be
required in these proceedings or in connection with the operation
of/and involvement with debtor???s business, including but not
limited to notarial services;

     g. employ other professional services, if necessary.  

Vilarino & Associates will be paid at these hourly rates plus any
costs and expenses:

     Javier Vilarino, Esq.                 $235
     Associates                            $170
     Law Clerks                            $100
     Paralegals                            $85

The Debtor has paid $5,000 retainer.

Javier F. Vilarino, Esq., capital member of Vilarino & Associates,
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.

Vilarino & Associates may be reached at:

      Javier F. Vilarino, Esq.
      Vilarino & Associates LLC
      PO BOX 9022515
      San Juan, PR 00902-2515
      Tel: 787-565-9894

GA Property Development, Corp filed a Chapter 11 bankruptcy
petition (Bankr. D. P.R. Case No. 3:16-bk-04167) on May 25, 2016.
Judge Enrique S. Lamoutte Inclan presides over the case.


GAMAXPORT INC: Hires Vilarino & Associates as Bankr. Counsel
------------------------------------------------------------
Gamaxport Inc. seeks permission from the U.S. Bankruptcy Court for
the District of Puerto rico to employ Javier Vilarino, Esq. of the
Law Firm of Vilarino & Associates as its Chapter 11 counsel.

The Debtor requires Mr. Vilarino with the assistance of Vilarino &
Associates to:

     a. advise the debtor with respect to its duties, powers, and
responsibilities in this case under the laws of the United States
and Puerto Rico in which the debtor in possession conducts its
operations, do business, or is involved in litigation;

     b. advise the debtor in connection with a determination
whether a reorganization is feasible and, if not, helping debtor in
the orderly liquidation of its assets;

     c. assist the debtor with respect to negotiation with
creditors for the purpose of arranging the orderly liquidation of
assets and/or for proposing a viable plan of reorganization;

     d. prepare, on behalf of the debtor, the necessary complaints,
answers, orders, reports, memoranda of law and/or any other legal
paper of documents;

     e. appear before the bankruptcy court, or any court in which
debtors assert a claim interest or defines directly or indirectly
related to this bankruptcy case;

     f. perform other legal services for debtors as may be required
in these proceedings or in connection with the operation of/and
involvement with debtor???s business, including but not limited to
notarial services;

     g. employ other professional services, if necessary.  

Vilarino & Associates will be paid at these hourly rates plus any
costs and expenses:

     Javier Vilarino, Esq.                 $235
     Associates                            $170
     Law Clerks                            $100
     Paralegals                            $85

The Debtor has paid $5,000 retainer.

Javier F. Vilarino, Esq., capital member Vilarino & Associates,
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.

Vilarino & Associates may be reached at:

      Javier F. Vilarino, Esq.
      Vilarino & Associates LLC
      PO BOX 9022515
      San Juan, PR 00902-2515
      Tel: 787-565-9894
      E-mail: jvilarino@vilarinolaw.com

Gamaxport, Inc. filed a Chapter 11 petition (Bankr. D. P.R. Case
No. 3:16-bk-04170) on May 25, 2016.  The Debtor is represented by
Javier Vilarino, Esq., at Vilarino & Associates, LLC.  Judge
Mildred Caban Flores presides over the case.


GEORGE A. OLSEN JR: Court Confirms Plan, Approves Disclosures
-------------------------------------------------------------
Judge John K. Sherwood of the U.S. Bankruptcy Court for the
District of New Jersey on June 2, 2016, issued an order finally
approving the disclosure statement explaining George A. Olsen, Jr.,
and Joan T. Olsen's plan of reorganization, and confirming the
Plan.

Under the Plan, holders of allowed unsecured claims will receive a
pro rata share of the greater of $5,000 or any funds remaining
after payment of all administrative expense claims.  In addition,
holders of allowed unsecured claims will receive a pro rata share
of one-half of the net proceeds, if any, of the Debtor's claim
against the Carter Firm until full payment has been made.

Full-text copies of the Confirmation Order and Plan are available
at http://bankrupt.com/misc/njb13-25785-161.pdf

The bankruptcy case is In Re: GEORGE A. OLSEN, JR. & JOAN T. OLSEN,
Debtors, Case No. 13-25785 (JKS) (Bankr. D.N.J.).

The Debtors are represented by:

          Bruce J. Wisotsky, Esq.
          Matteo Percontino, Esq.
          NORRIS, McLAUGHLIN & MARCUS, PA
          721 Route 202-206 North
          Bridgewater, New Jersey 08807
          Tel: (908) 722-0700
          Email: bwisotsky@nmmlaw.com


GRAY TELEVISION: Moody's Raises CFR to B1 & Rates New Notes B3
--------------------------------------------------------------
Moody's Investors Service upgraded the Corporate Family Rating of
Gray Television, Inc. to B1 from B2 reflecting its improving credit
profile as well as enhanced scale and revenue diversification
following acquisitions of top ranked stations over the last two
years.  Ratings on each of the company's debt instruments were
upgraded as summarized below.  Moody's also assigned a B3 rating to
the company's proposed $425 million sr unsecured note offering.
Proceeds from the notes will be used to repay the company's
existing Term Loan C ($424 million outstanding).  The rating
outlook was changed to stable.

Issuer: Gray Television, Inc.

Upgrades:

  Probability of Default Rating, Upgraded to B1-PD from B2-PD

  Corporate Family Rating, Upgraded to B1 from B2

  Senior Secured 1st Lien Term Loan due 2021, Upgraded to Ba2
   (LGD2) from Ba3 (LGD2)

  Senior Secured Term Loan C due 2021, Upgraded to Ba2 (LGD2) from

   Ba3 (LGD2)

  Senior Secured Priority Rev Credit Facility due 2020, Upgraded
   to Ba1 (LGD1) from Ba2 (LGD1)

  7.5% Senior Unsecured Notes due 2020, Upgraded to B3 (LGD5) from

   Caa1 (LGD5)

Assignments:

  Proposed Senior Unsecured Notes due 2026, Assigned B3 (LGD5)

Affirmations:

  Speculative Grade Liquidity Rating, Affirmed SGL-2

Outlook Actions:

  Outlook, Changed To Stable From Positive

RATINGS RATIONALE

Gray's B1 Corporate Family Rating is forward looking and reflects
the company's improving credit profile as we expect debt-to-2 yr
avg EBITDA to be less than 5.0x by the end of 2016 (including
Moody's standard adjustments, pro forma for announced transactions
including stations in Green Bay and Davenport) with 2-yr avg free
cash flow-to-debt in the high single digit percentage range.
"Despite debt financed acquisitions over the last two years which
temporarily increased leverage, the company has improved credit
metrics with enhanced scale, geographic and network revenue
diversification, good EBITDA margins exceeding 38%, and leverage
expected to be at historical lows," stated Moody's Carl Salas.  The
upgrade also reflects management's commitment to manage credit
metrics, including leverage and coverage ratios, at levels which
Moody's believes are consistent with its B1 Corporate Family
Rating.  "Gray benefits more than its peer group from demand for
political advertising during election years reflecting its
locations in battleground states which contributed to higher
percentage EBITDA growth than most other broadcasters in 2012 and
2014, and we expect the company will similarly benefit from
significant political ad demand in the second half of 2016," added
Salas.  Ratings are supported by the company's longstanding track
record for #1 and #2 ranked positions in the vast majority of its
markets and good EBITDA margins (including Moody's standard
adjustments) reflecting its top ranked local news programming,
which captures a significant share of market revenue, and
relatively low syndicated program costs.  Gray's television
stations and associated digital properties also benefit from its
strategy of operating in collegiate markets or state capitals which
generally have more stable economies.  The company has been
acquisitive over the past two years adding over 37 stations,
issuing $167 million of new equity (net), and increasing debt
balances to partially fund these transactions, and we expect Gray
will continue to add to its station portfolio.  Liquidity is good
with a largely undrawn revolver facility and good free cash
flow-to-debt.  Under Moody's LGD model, instrument ratings on the
term loan and unsecured notes could be one notch higher; however,
assigned ratings reflect Moody's expectations for the company's
eventual debt mix.

The stable rating outlook reflects Moody's view that organic growth
in core ad sales will be in the flat to low single digit percentage
range over the next 12 months with total revenue increasing by 18%
or more on a same station basis in FY2016 due to significant
political advertising largely in the second half of the year as
well as growing retransmission fees.  Pro forma for completed and
announced acquisitions, Moody's estimates debt-to-2-yr avg EBITDA
will improve to less than 5.0x (including Moody's standard
adjustments) by the end of 2016 despite higher debt levels with
high single digit percentage 2 yr avg free cash flow-to-debt.  The
outlook incorporates leverage remaining below 5.0x despite the
potential for additional debt financed acquisitions. Moody's could
consider an upgrade if core revenue and EBITDA track expectations
and free cash flow is applied to debt repayment resulting in
debt-to-2 yr avg EBITDA being sustained below 4.0x (including
Moody's standard adjustments) with 2 yr avg free cash flow-to-debt
in the high single digit percentage range or better. The company
would also need to maintain financial policies that are consistent
with a higher rating.  Gray's ratings could be downgraded if
Moody's believes that debt-to-2 yr avg EBITDA will be sustained
above 5.0x (including Moody's standard adjustments) due to
operating performance falling below expectations as a result of
economic weakness or underperformance in one or more key markets,
or due to debt financed acquisitions or shareholder distributions.
Deterioration in liquidity, including 2 yr avg free cash
flow-to-debt being sustained below the mid-single digit percentage
range, could also result in a downgrade.

The principal methodology used in these ratings was Global
Broadcast and Advertising Related Industries published in May
2012.

Gray Television, Inc., headquartered in Atlanta, GA, is a
television broadcaster that will be serving 53 mid-sized markets
(ranked #62 to #209) covering roughly 10.1% of US households giving
effect to announced acquisitions.  Network affiliations will
include 36 CBS, 27 NBC, 20 ABC, and 14 FOX channels.  The company
will operate the #1 or #2 ranked stations in 52 of 53 markets.
Gray is publicly traded and its shares are widely held with the
family and affiliates of the late J. Mack Robinson collectively
owning approximately 12% of common stock.  The dual class equity
structure provides these affiliated entities with roughly 44% of
voting control.  Estimated average annual revenue pro forma for
announced transactions exceeds $790 million.


GRAY TELEVISION: S&P Affirms 'B+' CCR & Rates $425MM Notes 'B+'
---------------------------------------------------------------
S&P Global Ratings said it has affirmed its 'B+' corporate credit
rating on Atlanta, Ga.-based TV broadcaster Gray Television Inc.
The rating outlook is stable.

At the same time, S&P assigned its 'B+' issue-level rating and '4'
recovery rating to the company's $425 million senior unsecured
notes due 2026.  The '4' recovery rating indicates S&P's
expectation for average recovery (30%-50%; lower half of the range)
of principal for debtholders in the event of a payment default.

S&P also revised its recovery rating on the company's existing $675
million senior unsecured notes to '4' from '5' and subsequently
raised the issue-level rating to 'B+' from 'B'.  The '4' recovery
rating indicates S&P's expectation for average recovery (30%-50%;
lower half of the range) of principal for debtholders in the event
of a payment default.

The senior secured debt ratings are unchanged.

"The rating actions reflect the higher proportion of senior
unsecured debt in the company's capital structure on a pro forma
basis," said S&P Global Ratings credit analyst Jawad Hussain. "Gray
Television will use the proceeds of the debt issue to repay its
existing $425 million senior secured term loan C."

The stable rating outlook on Gray Television reflects S&P's
expectation that the company will continue to increase its size and
scale while maintaining a high number of No. 1- or No. 2-rated
stations in the markets it competes in.  S&P also expects that the
company's leverage, based on average trailing-eight-quarter EBITDA,
will gradually decline to about 5x over the next one to two years.

S&P could raise its corporate credit rating on Gray Television if
S&P become convinced that the company will be able to reduce and
maintain lease-adjusted debt to average trailing-eight-quarter
EBITDA below 5x on a sustained basis.  The company would also need
to clarify both the degree it can tolerate allowing leverage to
increase in pursuit of future acquisitions and its financial policy
on using future free cash flow generation for debt reduction or
shareholder returns.

S&P could lower the rating if the company's debt to average
trailing-eight-quarter EBITDA increases to the mid-6x area due to
weaker-than-expected operating performance or if the company makes
an expensive debt-financed acquisition that drives leverage higher.


H&S BUSINESS: Wants Access to One World Bank's Cash Collateral
--------------------------------------------------------------
H&S Business LLC asks the U.S. Bankruptcy Court for permission to
use its lenders' cash collateral to fund on-going operation of its
convenience store and gasoline station located in Gordonvile, Tex.


H&S borrowed $825,000 from the Bank and granted the lender a
mortgage on the convenience store and security interest in other
assets, including its cash assets.

The Debtor proposes to pay the Bank $1,000 each month and grand
replacement liens.  That, the Debtor says, should adequately
protect the Bank's security interests.  

Currently, H&S generates about $57,000 in monthly revenues.  

H&S Business LLC operates a convenience store and gasoline station
located in Gordonvile, Tex.  The company sought chapter 11
protection (Bankr. E.D. Tex. Case No. 16-40992) on June 6, 2016,
and is represented by John J. Gitlin, Esq., in Dallas, Tex.


HALLUCINATION MEDIA: Taps Williamson Law Firm as Bankr. Counsel
---------------------------------------------------------------
Hallucination Media, LLC, asks for authorization from the U.S.
Bankruptcy Court for the Middle District of Florida to employ Leon
A. Williamson, Jr., Esq., of the law firm of Williamson Law Firm,
P. A., as bankruptcy counsel.

The Firm will:

      a. take all action necessary to protect and preserve the
         estate of the Debtor including the prosecution of actions

         on its behalf, and objecting to claims filed against the
         estate, if appropriate;

      b. prepare, on behalf of the Debtor, applications, answers,
         orders, reports and papers, required in connection with
         the administration of the estate;

      c. counsel the Debtor with regard to its rights and
         obligations as debtor-in-possession;

      d. prepare and file schedules of assets and liability;

      e. prepare and file a Plan of Reorganization and Disclosure
         Statement; and

      f. perform all other necessary legal services in connection
         with this Chapter 11 case.

Leon A. Williamson, Jr., Esq., sole shareholder and only attorney
employed by the Firm, assures the Court that the Firm never held
any direct or indirect equity interest of any kind in the Debtor,
and has never held the right to obtain an interest.

The Firm and the Debtor have agreed that the Firm will be
reimbursed all out-of-pocket expenses and that the Firm will be
compensated for my time at the rate of $350 per hour for services
rendered in this case.

The Firm received a $5,000 fee and cost retainer prior to filing
this case, and performed legal services for the Debtor prior to the
filing of the Chapter 11 petition on May 12, 2016.  All of these
services were performed in connection with or were related to the
filing of this case.  The retainer was to be applied first to
pre-petition services and costs (including the filing fee), and the
balance will reduce the Firm's post-petition application for fees
and costs.  The retainer was paid by Bryan L. Nichols and his wife,
Kim Nichols.

The firm may be reached at:

      Leon A. Williamson, Jr., Esq.
      Law Office of Leon A. Williamson, Jr. P. A.
      306 South Plant Avenue, Suite B
      Tampa, FL 33606
      Tel: (813) 253-3109
      Fax: (813) 253-3215
      E-mail: Leon@LwilliamsonLaw.com

Hallucination Media, LLC, filed for Chapter 11 bankruptcy
protection (Bankr. M.D. Fla. Case No. 16-04116) on May 12, 2016.
Leon A. Williamson Jr., Esq., at Leon A. Williamson, Jr., P.A.,
serves as the Debtor's bankruptcy counsel.


HANOVER PARMENTER: Court Places Payments to Ms. Toombs on Hold
--------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Massachusetts held a
hearing on a request by Hanover Parmenter Union, LLC, to use cash
collateral pledged to repay a loan from East Boston Savings Bank
and the Bank's objection to that request.  The Court continued the
hearing to June 16, 20155, at 2:00 p.m.; granted the Debtor
continued interim authority to use the Bank's cash collateral
through the conclusion of that hearing; but declined to give the
Debtor authority to make payments to Ms. Alyson Toombs pending
further order of the Court.  The Debtor's chapter 11 petition was
signed by Ms. Alyson Toombs and identified her as the manager of
Silvermine Development Partners LLC.

Hanover Parmenter Union, LLC, sought chapter 11 protection (Bankr.
D. Mass. Case No. 16-11784) on May 11, 2016.  At the time of the
filing, the Debtor estimated assets of $1 million to $10 million
and debts of $10 million to $50 million.


HARRINGTON & KING: Hires FactorLaw as Bankruptcy Counsel
--------------------------------------------------------
The Harrington & King Perforating Co., Inc and The Harrington &
King South, Inc., seek permission from the U.S. Bankruptcy Court
for the Northern District of Illinois to employ William J. Factor
and The Law Office of William J. Factor, Ltd. as counsel.

The Debtor requires Mr. Factor with the assistance of FactorLaw
to:

     a. advise and consult with the Debtors with respect to their
powers, rights and duties as debtors and debtors-in-possession;

     b. attend meetings and negotiate with creditors, other
parties-in-interest, and their respective representatives;

     c. advise and consult with the Debtors on the conduct of the
Case, including all of the legal and administrative requirements of
operating under chapter 11 of the Bankruptcy Code;

     d. take all necessary action to protect and preserve the
Estates, including but not limited to, prosecuting of defending all
motions and proceedings on behalf of the Debtors and the Estates;

     e. prepare and file, or defend, adversary proceedings or other
litigation involving the Debtors or their interests in property;

     f. prepare motions, applications, answers, orders, reports,
and other papers necessary to the administration of the Case;

     g. prepare and negotiate a plan and disclosure statement and
all related agreements and/or documents, and taking any necessary
action to obtain confirmation of a plan; and

     h. perform other necessary legal services and providing other
necessary legal advice required by the Debtors in connection with
the Case.

FactorLaw will be paid at these hourly rates:

     William J. Factor  (Partner)               $375
     Sara E. Lorber     (Partner)               $325
     Deborah Ebner      (of Counsel)            $375
     David P. Holtkamp  (Associate)             $275
     Jeffrey K. Paulsen (Associate)             $275
     James Liu          (Associate)             $250
     Sam Rogers         (Paralegal)             $100

The Debtors will pay $75,000 retainer to FactorLaw. Absent the
payment of such a retainer, FactorLaw is not willing to represent
the Debtors.

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

William J. Factor, Esq., partner of The Law Office of William J.
Factor, Ltd., 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.

FactorLaw may be reached at:

       William J. Factor, Esq.
       Sara E. Lorber, Esq.
       Z. James Liu, Esq.
       The Law Office of William J. Factor, Ltd.
       105 W. Madison, Suite 1500
       Chicago, IL 60602
       Tel: (847)239-7248
       Fax: (847)574-8233
       E-mail: wfactor@wfactorlaw.com
               slorber@wfactorlaw.com
               jliu@wfactorlaw.com

                    About Harrington & King??????

The Harrington & King Perforating Co., Inc. and Harrington & King
South Inc. sought protection under Chapter 11 of the Bankruptcy
Code in the Northern District of Illinois (Chicago) (Case Nos.
16-15650 and 16-15651) on May 7, 2016.? ? The petitions were signed
by Greg McCallister, chief restructuring officer and chief
operating officer.??????

The cases are jointly administered under Case No. 16-15650.? ? The
cases are assigned to Judge Deborah L. Thorne.

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

An official committee of unsecured creditors has been appointed in
the Debtors' cases.  The Committee has retained Goldstein &
McClintock LLLP as its legal counsel.


HERCULES OFFSHORE: Centerbridge Challenges Return to Ch. 11
-----------------------------------------------------------
Peg Brickley, writing for Daily Bankruptcy Review, reported that
liquidating oil-drilling fleet operator Hercules Offshore Inc.
faces strong opposition from big shareholder Centerbridge Partners
to its plan to shut down and sell off its assets.

According to the report, Hercules returned to bankruptcy June 6,
less than six months after a balance-sheet reshaping that was
supposed to get it in shape for tough times in the oil industry.
Centerbridge contends the balance-sheet reshaping worked but claims
senior lenders maneuvered the company back into chapter 11 for
improper purposes, the report related.

                       About Hercules Offshore

Hercules Offshore, Inc. and its debtor and non-debtor subsidiaries
are providers of shallow-water drilling and marine services to the
oil and natural gas exploration and production industry globally.

Hercules Offshore and 13 of its subsidiaries each filed a Chapter
11 bankruptcy petition (Bankr. D. Del. Proposed Lead Case No.
16-11385) on June 5, 2016.  The petition was signed by Troy L.
Carson as vice president.

The Debtors listed total assets of $1.06 billion and total debts
of
$521.37 million as of March 31, 2016.
  
The Debtors have hired Akin Gump Srauss Hauer & Feld LLP as
general
bankruptcy counsel, Morris, Nichols, Arsht & Tunnell LLP as
co-counsel, PJT Partners, Inc. as financial advisor, FTI
Consulting, Inc. as restructuring advisor, and Prime Clerk LLC as
claims, notice and balloting agent.

On Aug. 13, 2015 Hercules Offshore and 14 affiliated debtors each
filed a voluntary petition for relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Del. Lead Case No. 15-11685) in the U.S.
Bankruptcy Court for the District of Delaware.  The Debtors on the
First Petition Date filed a pre-packaged Chapter 11 plan that would
convert $1.2 billion of outstanding senior notes to 96.9% of new
common equity.  On Nov. 6, 2015, Hercules disclosed that it has
completed its financial restructuring and emerged from Chapter 11,
and funding of the Company's new $450 million senior secured credit
facility has been completed.


HERCULES OFFSHORE: Has Interim Access to Jefferies' Cash Collateral
-------------------------------------------------------------------
The Honorable Kevin J. Carey placed his stamp of approval on an
interim order permitting Hercules Offshore, Inc., and its
debtor-affiliates to access cash collateral pledged to Jefferies
Finance LLC under the terms of a Nov. 2015 credit agreement.  The
Debtors will use that cash collateral to pay operating expenses
between now and acceptance and approval of their Joint Prepackaged
Chapter 11 Plan under which they will conduct an orderly wind-down
of their operations.  

During the 13-week period ending Sept. 13, 2016, the Debtors
project their cash disbursements will exceed revenues by just over
$75 million.  A full-text copy of the Debtors' consensual request
to use their secured lenders' cash collateral is available at
https://goo.gl/belQFp at no charge.  

If necessary, the Court will convene a final hearing on the
Debtors' request at 10:00 a.m. on July 14, 2016.  Objections, if
any, must be filed no later than 4:00 p.m. on July 7, 2016, and
served on the Debtors in Houston, Tex., their lawyers at Akin Gump,
Jefferies' lawyers at King & Spaulding, and:

     Counsel to the Ad Hoc Committee:

          Brian S. Lennon, Esq.
          Robert Britton, Esq.
          Kirkland & Ellis LLP
          601 Lexington Avenue
          New York, NY 10022

               - and -
  
     Counsel to Luminus Management LLC and
     Soros Fund Management LLC:

          Michael C. Shepherd, Esq.
          Joseph A. Pack, Esq.
          White & Case LLP
          200 S. Biscayne Boulevard, Suite 4900
          Miami, FL 33131

Hercules Offshore, Inc., and its debtor-affiliates provide
shallow-water drilling and marine services to the oil and natural
gas exploration and production industry globally, and filed chapter
11 petitions (Bankr. D. Del. Case Nos. 16-11385 through 16-11398)
on June 5, 2016.  The Debtors are represented by a team of lawyers
at Akin Gump Strauss Hauer & Feld LLP, obtain financial advice from
PJT Partners, Inc., and restructuring advice from FTI Consulting,
Inc.  Primer Clerk serves as the Debtors' Claims Agent.  Hercules
Offshore disclosed $1.06 billion in assets and $521.37 million in
liabilities at the time of the filing.  


HERCULES OFFSHORE: Hires Prime Clerk as Claims & Noticing Agent
---------------------------------------------------------------
Hercules Offshore, Inc., and its debtor affiliates filed an
application with the Bankruptcy Court seeking authority to appoint
Prime Clerk LLC as their claims and noticing agent to, among other
things, assume full responsibility for the distribution of notices
and the maintenance, processing and docketing of proofs of claim
filed in their Chapter 11 cases.

The Debtors anticipate that there will be in excess of 5,000
parties (not including beneficial holders of public securities) to
be noticed.  In view of the number of anticipated claimants and the
complexity of their businesses, the Debtors assert that the
appointment of a claims and noticing agent is required by Local
Rule 2002-1(f) and is otherwise in the best interests of both their
estates and their creditors.

Prime Clerk's claims, noticing and solicitation rates are:

       Title                               Hourly Rate
       -----                               -----------
       Analyst                               $30-$45
       Technology Consultant                 $80-$100
       Consultant/Senior Consultant          $90-$160
       Director                              $170-$190
       Solicitation Consultant               $190  
       Director of Solicitation              $210

The Debtors request that the undisputed fees and expenses incurred
by Prime Clerk in the performance of the services be treated as
administrative expenses of their Chapter 11 estates and be paid in
the ordinary course of business without further application to
or order of the Court.

Prior to the Petition Date, the Debtors provided Prime Clerk a
retainer in the amount of $30,000.  Prime Clerk seeks to first
apply the retainer to all prepetition invoices, and thereafter, to
have the retainer replenished to the original retainer amount, and
thereafter, to hold the retainer under the Engagement Agreement
during the Chapter 11 cases as security for the payment of fees and
expenses incurred under the Engagement Agreement.

Under the terms of the Engagement Agreement, the Debtors have
agreed to indemnify, defend and hold harmless Prime Clerk and its
members, officers, employees, representatives and agents under
certain circumstances specified in the Engagement Agreement, except
in circumstances resulting solely from Prime Clerk's gross
negligence or willful misconduct.

Prime Clerk represents it is a "disinterested person" as that term
is defined in Bankruptcy Code Section 101(14) with respect to the
matters upon which it is engaged.

                      About Hercules Offshore

Hercules Offshore, Inc. and its debtor and non-debtor subsidiaries
are providers of shallow-water drilling and marine services to the
oil and natural gas exploration and production industry globally.

Hercules Offshore and 13 of its subsidiaries each filed a Chapter
11 bankruptcy petition (Bankr. D. Del. Proposed Lead Case No.
16-11385) on June 5, 2016.  The petition was signed by Troy L.
Carson as vice president.

The Debtors listed total assets of $1.06 billion and total debts of
$521.37 million as of March 31, 2016.
  
The Debtors have hired Akin Gump Srauss Hauer & Feld LLP as general
bankruptcy counsel, Morris, Nichols, Arsht & Tunnell LLP as
co-counsel, PJT Partners, Inc. as financial advisor, FTI
Consulting, Inc. as restructuring advisor, and Prime Clerk LLC as
claims, notice and balloting agent.


HILLSIDE OFFICE: Taps Giordano Halleran as Bankruptcy Counsel
-------------------------------------------------------------
Hillside Office Park, LLC, seeks permission from the U.S.
Bankruptcy Court for the District of New Jersey to employ Giordano,
Halleran & Ciesla, P.C., as attorney.

The Firm will provide these services: all necessary court
appearances, research, preparation and drafting of pleadings and
other legal documents, hearing preparation and related work, and
negotiations and advice with respect to the Debtor's Chapter 11
proceeding.

The Firm will be paid these hourly rates:

      Partners                          $425
      Associates                        $250
      Paralegals                        $125
      Donald F. Campbell, Jr., Esq.     $425

Donald F. Campbell, Jr. Esq., a member of the Firm, assures the
Court that the Firm doesn't hold an adverse interest to the Debtor
or the estate, and is disinterested under 11 U.S.C. Section
101(14).

Headquartered in Hillside, New Jersey, Hillside Office Park, LLC,
filed for Chapter 11 bankruptcy protection (Bankr. D. N.J. Case No.
16-19617) on May 17, 2016, estimating its assets and liabilities at
between $1 million and $10 million.  The petition was signed by
Glen A. Fishman, member of Maplewood Acquisition, LLC, member.

Judge Stacey L. Meisel presides over the case.

Donald F. Campbell, Jr., Esq., at Giordano Halleran & Ciesla, P.C.,
serves as the Debtor's bankruptcy counsel.


INFOR (US): Fitch Assigns 'B' IDR, Outlook Stable
-------------------------------------------------
Fitch Ratings has assigned a first time 'B' Long-Term Issuer
Default Rating to Infor (US), Inc. and certain of its parent
entities.  The Rating Outlook is Stable.  Fitch's rating actions
affect $6.5 billion of total funded debt.

The ratings are supported by Infor's large and diverse customer
base, recurring revenue, broad product portfolio and diverse end
market exposure.  While Infor's business characteristics are
consistent with investment grade software companies, the ratings
are constrained by Fitch's expectations for gross leverage (total
debt to operating EBITDA) to remain above 9.0x over the rating
horizon and Infor's financial policies regarding debt-funded
acquisitions and sponsor dividends.  Fitch believes Infor is
navigating the enterprise software industry's migration to the
cloud with minimal business disruption, although the required
investment to continue to keep pace should suppress operating and
free cash flow (FCF) margin expansion in the near to medium term.
Fitch believes customer expectations for more embedded analytics
and consumer-grade enterprise software will increase the
competitive intensity of the industry, and pressure enterprise
software providers to invest in these capabilities to remain
competitive.

                        KEY RATING DRIVERS

Stable Business Model: Infor generates 52% of its revenue from
maintenance, which is highly stable and more resilient than license
fees and professional services, and an additional 11% of revenue
from subscription-based software-as-a-service (SaaS) applications.
While the maintenance revenue mix should decline as customers
migrate to SaaS, Fitch expects limited impact on total revenue and
cash flow visibility due to the repeatable nature of
subscription-based SaaS revenue.

Product and End Market Diversity: Infor offers a broad portfolio of
horizontal and vertical software and middleware products across
most major end markets.  The company is meaningfully exposed to
manufacturing, but lower beta public sector and healthcare markets
help reduce performance volatility associated with more cyclical
industries.  Infor's diversified base of over 73,000 customers with
none representing over 1% of total revenue further mitigates
business risk.

High Leverage: Fitch views leverage as the primary driver of the
difference in the IDR between Infor and Fitch-rated software peers
with similar profitability and business risk profiles.  Fitch
estimates total leverage (total debt to operating EBITDA) of 9.8x
(9.2x in constant currency) as of Jan. 31, 2016.  Given Infor's
acquisitive nature and private ownership, Fitch assumes leverage
remains above 9.0x over the rating horizon.  Fitch's expectations
for leverage sustaining below 7x could result in a positive rating
action.

Debt-funded M&A: Fitch's rating incorporates the expectation of
additional M&A, which could delay deleveraging and add execution
risk from integration of technology, personnel and operations.
Acquisitions that do not adversely impact Infor's leverage profile
but increase diversity or enhance product capabilities could
benefit the rating.

Ample FCF: Fitch expects Infor to generate $200 million-$300
million of annual FCF at high single digit margins over the rating
horizon.  While strong relative to the rating category, Infor's FCF
margin is lower than higher rated software peers due to its
relatively higher interest expense, which amounts to about 12% of
total revenue (over $300 million per year), versus higher rated
software peers at about 1%-2% of total revenue.

Cloud Migration: Cloud adoption across software verticals continues
apace, with less penetrated verticals such as financial management
now seeing large scale adoptions.  The associated shift in payment
models and required operational investment are negatively impacting
margins and FCF profiles for many issuers. While this dynamic will
continue to impact Infor's margins and FCF over the near to medium
term, Fitch believes Infor's ongoing cloud investment is
appropriate, and critical for the company to maintain a strong
competitive position.

                         KEY ASSUMPTIONS

Fitch's key assumptions within the rating case for Infor include:

   -- Low to mid-single digit revenue decline in fiscal year 2016
      (FY16) due to declining license revenue and currency
      headwinds; low single digit organic revenue growth beginning

      FY17 as SaaS growth of greater than 20% more than offsets
      license revenue declines of about 10% per year; maintenance
      revenue flat to slightly declining due to lower license
      sales and SaaS conversions;

   -- EBITDA margin stabilizes and remains at about 25% over the
      rating horizon as the impact of a higher SaaS revenue mix
      hits an inflection point;

   -- $200 million-$300 million of annual FCF at high single digit

      margins.

                        RATING SENSITIVITIES

Positive Rating Action: Positive action could result from Fitch's
expectations for leverage to sustain below 7.0x.  Given Infor's
private equity ownership, Fitch does not expect this to occur until
the company begins preparing for an IPO.

Negative Rating Action: Indications of increased refinancing risk
as debt maturities approach, potentially due to a failure to
delever to a market clearing level 12-18 months prior to the
$3.7 billion of 2020 maturities could result in negative action.
The ratings could also come under pressure if FCF margins approach
5%, potentially due to higher than expected licensing revenue
declines without an offsetting impact from SaaS, or failure to
stabilize EBITDA margins.

                              LIQUIDITY

Liquidity as of Jan. 31, 2016, was sufficient, based on Fitch's
expectations for annual FCF of $200 million-$300 million over the
rating horizon and $138 million available under a committed $150
million revolving credit facility.  Infor maintains a significant
overseas cash balance, with $451.4 million of its total
$521.9 million of cash and cash equivalents held outside of the
U.S. Infor has no significant maturities until 2020 when $3.7
billion of total debt matures.

Total funded debt as of Jan. 31, 2016 is $6.5 billion and consists
of:

   -- $150 million senior secured revolving credit facility due
      2017 (undrawn);
   -- $2.454 billion senior secured tranche B-5 term loan due
      2020;
   -- $463 million senior secured tranche B-3 term loan due 2020;
   -- $366 million senior secured Euro-B term loan due 2020;
   -- $500 million 5.750% senior secured notes due 2020;
   -- $7.3 million of capital leases;
   -- $1.630 billion 6.500% senior unsecured notes due 2022;
   -- $379 million 5.750% senior unsecured notes due 2022;
   -- $750 million 7.125% holdco contingent cash pay notes due
      2021.

FULL LIST OF RATING ACTIONS

Fitch assigns these ratings:

Infor (US), Inc.

   -- Long-Term Issuer Default Rating (IDR) 'B';
   -- Senior secured credit facilities 'BB/RR1';
   -- Senior secured notes 'BB/RR1';
   -- Senior unsecured notes 'CCC+/RR6'.

Infor Software Parent, Inc. and Infor Software Parent, LLC
(Co-borrowers)

   -- Long-Term IDR 'B';
   -- Holdco contingent cash pay notes 'CCC/RR6'.

The Rating Outlook is Stable.


INTELLIPHARMACEUTICS INT'L: Closes Public Offering for US$5.2M
--------------------------------------------------------------
Intellipharmaceutics International Inc. announced the closing of
its underwritten public offering of 3,229,814 units of common
shares and warrants, at a price of US$1.61 per unit, for gross
proceeds of approximately US$5.2 million.  The Company sold units
comprised of an aggregate of 3,229,814 common shares and warrants
to purchase an additional 1,614,907 common shares.  The underwriter
also purchased additional warrants to acquire 240,390 common shares
pursuant to the over-allotment option exercised in part by the
underwriter.  The warrants are exercisable immediately, have a term
of five years and an exercise price of US$1.93 per common share.
After underwriting discounts and commissions and estimated offering
expenses, the Company received net proceeds of approximately US$4.6
Million.

The Company intends to use the net proceeds from this offering for
working capital purposes and for general corporate purposes,
including funding research, product development and other corporate
development opportunities.

Following the partial exercise of the over-allotment option by the
underwriter, the underwriter has the right to purchase up to an
additional 484,472 common shares at a price of $1.61 less the
underwriting discount, and additional warrants to acquire 1,846
common shares at a purchase price of $0.001 per warrant, within 45
days from the date of the final prospectus supplement related to
the offering to cover additional over-allotments, if any.

Dawson James Securities, Inc. acted as sole book-running manager
for the offering, and Roth Capital Partners, LLC acted as financial
advisor to the Company.

The securities described above were offered by the Company through
a prospectus supplement and accompanying base prospectus pursuant
to a shelf registration statement previously filed with and
subsequently declared effective by the Securities and Exchange
Commission.  The prospectus supplement and accompanying base
prospectus relating to the offering is available on the SEC's
website at http://www.sec.gov.

                     About Intellipharmaceutics

Toronto, Canada-based Intellipharmaceutics International Inc. is
incorporated under the laws of Canada.  Intellipharmaceutics is a
pharmaceutical company specializing in the research, development
and manufacture of novel and generic controlled-release and
targeted-release oral solid dosage drugs.  Its patented
Hypermatrix(TM) technology is a multidimensional controlled-
release drug delivery platform that can be applied to the
efficient development of a wide range of existing and new
pharmaceuticals.  Based on this technology, Intellipharmaceutics
has a pipeline of product candidates in various stages of
development, including filings with the FDA in therapeutic areas
that include neurology, cardiovascular, gastrointestinal tract,
diabetes and pain.

Intellipharmaceutics reported a net loss of US$7.43 million on
US$4.09 million of revenues for the year ended Nov. 30, 2015,
compared to a net loss of US$3.85 million on US$8.76 million of
revenues for the year ended Nov. 30, 2014.

As of Feb. 29, 2016, Intellipharmaceutics had US$3.81 million in
total assets, US$4.86 million in total liabilities and shareholders
deficiency of US$1.05 million.

Deloitte LLP issued a "going concern" opinion on the consolidated
financial statements for the year ended Nov. 30, 2015, citing that
the Company's recurring losses from operations and shareholders'
deficiency raise substantial doubt about its ability to continue as
a going concern.


INVERRARY RESORT: Debtors Say Lender Oversecured By At Least $7M
----------------------------------------------------------------
The Inverrary Resort Hotel Condominium Association, Inc., Nirvana
Inverrary Lofts, Inc., and Alrames S.A.de C.V. Corp. tell the U.S.
Bankruptcy Court in Fort Lauderdale, Fla., that its secured lender,
SHE DDF1-FL2, LLC's gripes about the Debtors using its cash
collateral aren't important.  As reported in yesterday's Troubled
Company Reporter, the lender wants the Court to prohibit further
cash collateral use in the Debtors' chapter 11 cases.  

The Debtors explain that they own a resort hotel located located at
3501 Inverrary Boulevard in Lauderhill, Fla., but the hotel is
operated by a non-debtor management company which pays the
beneficiaries (under the terms of a Plan of Termination of
Inverrary Resort Hotel Condominium) for use of the units, who in
turn, pay maintenance fees to Debtor.  

The Debtors tell the COurt that the market value of the Property is
estimated to be between $13 million and $15 million.  The Debtors
say they owe the lender $4.5 million.  The lender says it's owed $6
million.  "Regardless," the Debtors say, "there is ample equity in
the Property, thus, Creditor, is adequately protected."

The Debtors ask the Bankruptcy Court to approve their continued use
of their oversecured lenders' cash collateral to pay ordinary
operating expenses.  The Debtors propose granting the lender
replacement liens, promise to maintain adequate insurance, and,
with five-days' written notice, allow the lender to visit and
inspect the property.

The Inverrary Resort Hotel Condominium Association, Inc., Nirvana
Inverrary Lofts, Inc., and Alrames S.A.de C.V. Corp. filed
voluntary chapter 11 petitions (Bankr. S.D. Fla. Case Nos.
16-17792, 16-17799 and 16-17802) on May 31, 2016.  The three
Debtors are represented in their jointly administered cases by
Jason Slatkin, Esq., at Slatkin & Reynolds, P.A., in Ft.
Lauderdale.  At the time of the filings each single asset real
estate Debtor estimated its assets at less than $50,000 and its
debts at more than $1 million.  


IRON BRIDGE TOOLS: Hires Rice Pugatch as Bankruptcy Counsel
-----------------------------------------------------------
Iron Bridge Tools, Inc., seeks permission from the U.S. Bankruptcy
Court for the Southern District of Florida to employ Craig A.
Pugatch of Rice Pugatch Robinson Strofer & Cohen, PLLC   as counsel
for the Debtor in possession, nun pro tunc to May 25, 2016

The Debtor requires Mr. Pugatch with the assistance of the Firm
to:

     a. give advice to the Debtor with respect to their powers and
duties as debtor in possession and the continued management of
their business operations;

     b. advise the Debtor with respect to their responsibilities in
complying with the U.S. Trustee's Operation Guidelines and
Reporting Requirements and with the rules of the Court;

     c. prepare and/or defend motions, pleadings, orders
applications, advisory proceedings, and other legal documents
necessary in the administration of the case;

     d. protect the interest of the Debtor in all matters pending
before the Court; and

     e. represent the Debtor in negotiation with their creditors in
the preparation of a plan and disclosure statement and confirmation
of same.

Craig A. Pugatch, Esq., attorney of Rice Pugatch Robinson Strofer &
Cohen, PLLC, assured the Court that the firm is a "disinterested
person" as required by 11 U.S.C. 327(a) and does not represent any
interest adverse to the Debtors and their estates.

The Firm may be reached at:

       Craig A. Pugatch, Esq.
       Christian Savio, Esq.
       Rice Pugatch Robinson Strofer & Cohen, PLLC
       101 NE 3rd Ave. Suite 1800
       Fort Lauderdale, FL 33301
       Telephone: (954)462-8000
       Facsimile: (954)462-4300
       E-mail: capugatch@rprslaw.com
               csavio@rprslaw.com

                   About Iron Bridge Tools

Iron Bridge Tools, Inc. sought protection under Chapter 11 of the
Bankruptcy Code in the Southern District of Florida (Fort
Lauderdale) (Case No. 16-17505) on May 25, 2016.  The petition was
signed by Glenn Robinson, president.  

The Debtor is represented by Craig A. Pugatch, Esq., at Rice
Pugatch Robinson Storfer & Cohen, PLLC.  The case is assigned to
Judge Raymond B. Ray.

The Debtor estimated assets of $1 million to $10 million and debts
of $10 million to $50 million.


JAMES H. ALFORD JR: July 19 Disclosure Statement Hearing Set
------------------------------------------------------------
Judge Edward Ellington of the U.S. Bankruptcy Court for the
Southern District of Mississippi will convene a hearing on July 19,
2016, at 1:30 P.M., to consider approval of the disclosure
statement explaining James H. Alford, Jr.'s plan of
reorganization.

Any person objecting to the adequacy of the information contained
in the Disclosure Statement or desiring to propose modifications
thereto must submit those objections or proposed modifications on
or before July 8.

The bankruptcy case is In re: James H. Alford, Jr., Case No.
16-00238-EE (Bankr. S.D. Miss.).


JAMES WILLETT: Court Confirms Plan Giving 60% to Unsecureds
-----------------------------------------------------------
Judge Christopher M. Alston of the U.S. Bankruptcy Court for the
Western District of Washington at Seattle on June 2, 2016,
confirmed James and Janet Willett's Amended Plan of Reorganization
and approved the disclosure statement accompanying the Plan.

The Plan proposes to pay general unsecured creditors, whose allowed
claims total $472,889, over 10 years at no interest, in an amount
equal to 60% of their allowed claim.  This is without prejudice to
the general unsecured creditors seeking payment from various
co-obligors and that if the co-obligors make any payments to pay or
satisfy any of the general unsecured claims, then the Debtors will
make further payments to the co-obligors up to 60% of the amounts
they paid.

Payments to unsecured creditors will be distributed pro rata,
totaling not more than $2,364 per month combined.

Full-text copies of the Confirmation Order and Plan are available
at http://bankrupt.com/misc/wawb15-17182-115.pdf

The bankruptcy case is In re: James and Janet Willett, Debtors,
Bankruptcy Case No. 15-17182-CMA (Bankr. W.D. Wash.).

The Debtors are represented by:

          Larry B. Feinstein, Esq.
          VORTMAN & FEINSTEIN
          520 Pike St., Suite 2250
          Seattle, WA 98101
          Tel: 206-223-9595
          Fax: 206-386-5355

The Official Committee of Unsecured Creditors is represented by
Aimee S. Willig, Esq.


JANUS MEDICAL: Hires Shorty & Assoc. as Counsel
-----------------------------------------------
Janus Medical Group, Inc., seeks authority from the U.S. Bankruptcy
Court for the Eastern District of Louisiana to employ Edwin M.
Shorty, Jr. & Associates, A.P.L.C. as counsel to the Debtor.

Janus Medical requires Shorty to:

   (a) provide legal advice with respect to the Debtor's powers
       and duties as debtor in possession in the continued
       management and operation of its businesses and properties;

   (b) attend meetings with representatives of the Debtor's
       creditors and other parties in interest;

   (c) take all necessary action to protect and preserve the
       estate of the Debtor, including the prosecution of actions
       on its behalf, the defense of any action commenced against
       the Debtor, negotiations concerning litigation in which
       the Debtor is involved, and objections to claims filed
       against the estates of the Debtor;

   (d) prepare on behalf of the Debtor motions, applications,
       answers, orders, reports, and papers necessary to the
       administration of the Debtor's estates;

   (e) take any necessary action on behalf of the Debtor to
       obtain confirmation of its plan;

   (f) appear before this Court to protect the interests of the
       Debtor before this Court;

   (g) perform all other necessary legal services and provide all
       other necessary legal advice to the Debtor in connection
       with this chapter 11 case;

   (h) represent the Debtor in connection with obtaining post-
       petition financing, if any;

   (i) advise the Debtor concerning and assisting in the
       negotiation and documentation of financing agreements,
       cash collateral orders and related transactions;

   (j) investigate the nature and validity of liens asserted
       against the property of the Debtor, and advise the Debtor
       concerning the enforceability of said liens;

   (k) investigate and advise the Debtor concerning, and taking
       such action as may be necessary to collect, income and
       assets in accordance with applicable law, and the recovery
       of property for the benefit of the estates of the Debtor;

   (l) advise and assist the Debtor in connection with any
       potential property dispositions;

   (m) advise the Debtor concerning executory contract and
       unexpired lease assumptions, assignments and rejections
       and lease restructuring and recharacterizations;

   (n) assist the Debtor in reviewing, estimating and resolving
       claims asserted against the estate;

   (o) commence and conduct litigation necessary and appropriate
       to assert rights held by the Debtor, protect assets of the
       chapter 11 estate or otherwise further the goal of
       completing the successful reorganization of the Debtor;
       and

   (p) perform all other legal services for the Debtor which may
       be necessary and proper in these proceedings.

Shorty will be paid at these hourly rates:

     Edwin M. Shorty, Jr.       $250
     Dwayne P. Smith            $250
     Attorneys                  $175-$250
     Paralegals                 $60-$95

Shorty will be paid a retainer in the amount of $3,500 which will
be held in the retainer trust account and will serve as security
for the payment of fees and expenses owed to Shorty.

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

Edwin M. Shorty, Jr., member of Edwin M. Shorty, Jr. & Associates,
A.P.L.C., 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.

Shorty can be reached at:

     Edwin M. Shorty, Jr., Esq.
     EDWIN M. SHORTY, JR. & ASSOCIATES, A.P.L.C.
     650 Poydras Street, Suite 2515
     New Orleans, LA 70130
     Tel: (504) 207-1370
     Fax: (504) 207-0850
     E-mail: EShorty@eshortylawoffice.com

                       About Janus Medical

Janus Medical Group, Inc. filed for Chapter 11 bankruptcy
protection (Bankr. E.D. La. Case No. 16-11199) on May 24, 2016. The
petition was signed by Nichole Jasmin, owner.

The Debtor estimated assets of $500,001 to $ 1million and estimated
debts of $100,001 to $500,000.


JC PENNEY: S&P Assigns 'B+' Rating on Proposed $2BB Sr. Loan
------------------------------------------------------------
S&P Global Ratings assigned its 'B+' rating and '2' recovery rating
to J.C. Penney Corp. Inc.'s proposed $2 billion senior secured term
loan. Parent J.C. Penney Co. Inc. will guarantee the loan, as will
material subsidiaries of borrower J.C. Penney Corp. Inc.  Like the
existing loan, the proposed term loan will benefit from first
priority liens on noncurrent assets of the company and the
guarantors and second priority liens on the current assets securing
the asset-backed lending (ABL) facility.  The rating is the same as
the existing term loan that is being refinanced.

The '2' recovery rating is based upon revised store values in S&P's
assumed default scenario, including recent "dark" valuations of the
pledged real estate, and reflects S&P's expectation for substantial
(70%-90%, upper half of range) recovery in a default scenario.

S&P also raised the rating on the existing senior unsecured debt to
'B-' from 'CCC+' in conjunction with S&P's revising the recovery
rating to '5' from '6'.  The '5' recovery rating reflects S&P's
expectation for modest recovery in a default scenario (10% to 30%,
lower half of range).  The improvement in recovery prospects
reflects S&P's understanding that the collateral package for the
term loan excludes "principal properties" as defined in the
company's senior note indentures.  While the term loan captures the
lion's share of the store value under S&P's analysis (most of the
stores are held by unrestricted subsidiaries that are not subject
to the indenture restrictions) S&P thinks enough value ought to
reside in the unpledged stores carved out as principal properties
to support a modest recovery for the senior unsecured debt.

The issue-level and recovery ratings on the existing $2.35 billion
ABL revolving credit facility are unchanged at 'BB-' and '1'.

RATINGS LIST

New Rating

J.C. Penney Corp. Inc.                   
$2 bil. senior secured term loan       B+
Recovery rating                       2H

Upgraded; Recovery Expectations Revised
                                       To           From
J.C. Penney Co. Inc.
J.C. Penney Corp. Inc.
Senior unsecured                       B-           CCC+
Recovery rating                       5L           6


JD POWER: Moody's Retains B2 CFR on $25MM Debt Increase
-------------------------------------------------------
Moody's Investor's Service said J.D. Power and Associate's
announced increase by $25 million of debt sources for its
acquisition will delay deleveraging, so it is a credit negative
development, but left the B2 Corporate Family, B2-PD Probability of
Default, B1 1st Lien and Caa1 2nd lien ratings and the ratings
outlook unchanged.

J.D. Power, based in Costa Mesa, CA, is a global consumer
intelligence and data and analytics company focused in the
automotive and other industries being acquired by affiliates of XIO
Group.  Moody's expects J.D. Power to generate revenue of about
$350 million in 2016.


JEFFERIES LOANCORE: S&P Affirms 'B+' ICR, Outlook Remains Stable
----------------------------------------------------------------
S&P Global Ratings said it affirmed its 'B+' issuer credit and 'B'
senior unsecured debt ratings on Jefferies LoanCore LLC (JLC).  The
outlook remains stable.

In an effort to refocus on the origination of fixed-rate commercial
real estate (CRE) loans for sale into commercial mortgage backed
securities (CMBS) conduits, JLC has sold the bulk of its floating
rate loans to a REIT managed by LoanCore and repaid the
corresponding repurchase agreement funding and some of its
preferred equity.  JLC's owners have also reduced the size of their
committed preferred equity line to $400 million from $600 million.
S&P expects that JLC will operate with debt to adjusted total
equity leverage of 3x to 5x, which supports the rating.

"Our ratings on JLC continue to reflect the company's limited
business scale and concentration in higher-risk CRE mortgages,
limited permanent equity base, and dependence on less-stable
repurchase agreement funding," said S&P Global Ratings credit
znalyst Robert Hoban.  The credit, capital, and distribution
support provided by JLC's joint venture (JV) owners Jefferies Group
LLC (BBB-/Stable/--) and the experienced management team are
positive rating factors.

Greenwich, Conn.-based JLC originates CRE loans, principally for
sale into CMBS conduits, and to a lesser extent to transitional
properties as well as other CRE investments.  S&P believes this
concentration leaves the firm's business and profitability exposed
to volatile CMBS market conditions.  JLC is a JV originally between
the sovereign wealth fund of Singapore (GIC), Jefferies Group LLC
(Jefferies Group), and LoanCore management.  S&P views positively
the recent expansion of JLC's ownership with the addition of the
Canadian Pension Plan Investment Board (CPP), which purchased
approximately half of GIC's stake.

While S&P views JLC's reduction in loans and leverage positively,
this is offset by JLC's reduction in funded member equity, which
includes preferred stock.  Further, S&P believes the reduction in
the owners' total preferred capital commitment to JLC reduces
financial flexibility.  S&P expects the company's leverage and
preferred equity to continue to fluctuate as it draws equity from
its JV owners and debt to support loan originations and then repays
them following the sale of loans.  S&P's adjusted total equity
leverage ratio only counts a portion of the company's total
outstanding preferred equity as adjusted total equity, limited to
33% of adjusted common equity.

To arrive at the 'B+' issuer credit rating, S&P incorporates one
notch of uplift from the stand-alone credit profile on JLC because
S&P believes Jefferies Group would support JLC under some
foreseeable circumstances if needed.

S&P expects the frim to face headwinds from continued volatility in
the CMBS market but for it to remain profitable and operate with
lower credit risk given the reduction in floating rate loans on
transitional properties.  S&P also expects the firm to remain in
compliance with debt covenants, including the maintenance of at
least $300 million in reported equity.  

S&P could lower the ratings over the next six to 12 months if:

   -- It expected debt to adjusted total equity leverage to be
      above 6.5x;
   -- The firm suffered material losses; or
   -- There is a material decline in underwriting standards or
      asset quality, or credit risk increases.

S&P could raise the ratings over the same period if the firm
maintains profitability and:

   -- Builds permanent capital and maintains leverage below 4.5x
      on a sustained basis, or
   -- Materially improves funding.


JEFFREY A. WEBB: July 8 Plan Confirmation Hearing
-------------------------------------------------
Judge Timothy W. Dore of the U.S. Bankruptcy Court for the Western
District of Washington approved the disclosure statement explaining
Jeffrey A. Webb and Donna J. Webb's plan of reorganization and
scheduled the hearing on confirmation of the Plan for July 8, 2016
at 9:30 a.m.

July 1, 2016, is fixed as the last day for filing written
acceptances or rejections of the Plan and the last day for filing
objections to the Plan.

The bankruptcy case is In re: Jeffrey A. Webb and Donna J. Webb,
Case No. 15-15495-TWD (Bankr. W.D. Wash.).

The Debtors are represented by:

          Jacob DeGraaff, Esq.
          HENRY, DEGRAAFF & MCCORMICK, P.S.
          1833 N. 105th St., Suite 203
          Seattle, WA 98133
          Tel: (206) 330-0595
          Fax: (206) 400-7609


JORGE E. RODRIGUEZ: Disclosure Statement Hearing Moved to Aug. 24
-----------------------------------------------------------------
Judge Mildred Caban Flores of the U.S. Bankruptcy Court for the
District of Puerto Rico issued an order rescheduling the hearing on
the approval of the disclosure statement explaining Jorge E.
Rodriguez's plan for August 24, 2016, at 9:00 A.M.

The bankruptcy case is In the Matter of: Jorge E. Rodriguez,
Debtor, Case No. 15-02794 MCF (Bankr. D.P.R.).


KALOBIOS PHARMACEUTICALS: Seeks Court Approval of Equity Awards
---------------------------------------------------------------
The Board of Directors of KaloBios Pharmaceuticals, Inc., following
the recommendation of an independent compensation consulting group,
approved a one-time equity award to each of the members of the
Company's Board of Directors and the Company's chief executive
officer.

Contingent upon the approval of the United States Bankruptcy Court
overseeing the Company's Chapter 11 bankruptcy proceedings, the
Company will make (i) a one-time equity award to each of Ronald
Barliant and David Moradi in an amount equal to 0.30% of the value
of the Company's common stock plus the equivalent of $300,000, and
(ii) a one-time equity award to Dr. Cameron Durrant in an amount
equal to 0.80% of the value of the Company's common stock plus the
equivalent of $100,000.  The equity awards will be calculated based
upon a valuation as of the effective date of the Company's Plan of
Reorganization and are estimated to result in the issuance of
93,730 shares of common stock to each of Mr. Barliant and Mr.
Moradi and 135,502 shares of common stock to Dr. Durrant.  The
shares underlying these equity awards are subject to a one-year
holding period before they may be sold.  The equity awards were
determined by the Board based upon an analysis by an independent
consulting group of standard director and CEO compensation data for
private and pre-IPO companies in the life science industry and the
role of the Board of Directors and its workload during the
Company's Chapter 11 bankruptcy process, among other factors.  In
considering and approving the equity awards, the Board also
considered the fact that none of the Directors had received any
equity compensation as part of their compensation for their
services.

                     About KaloBios Pharmaceuticals

Based in South San Francisco, Calif., KaloBios Pharmaceuticals,
Inc., is a company biopharmaceutical company focused on the
development of monoclonal antibody therapeutics.

KaloBios Pharmaceuticals (Nasdaq: KBIO) on Dec. 29, 2015, filed a
voluntary petition for bankruptcy protection under Chapter 11 of
Title 11 of the United States Bankruptcy Code.  The filing was
made in the U.S. Bankruptcy Court for the District of Delaware
(Case No. 15-12628).

The Company is represented by Eric D. Schwartz of Morris, Nichols,
Arsht & Tunnell.

No trustee, examiner or committee has been appointed in this
Chapter 11 case.


KENTUCKY ASSOCIATES: Voluntary Chapter 11 Case Summary
------------------------------------------------------
Debtor: Kentucky Associates, L.L.C.
        105 N. High Street
        Millville, NJ 08332

Case No.: 16-21083

Chapter 11 Petition Date: June 7, 2016

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

Judge: Hon. Jerrold N. Poslusny Jr.

Debtor's Counsel: Ira Deiches, Esq.
                  DEICHES & FERSCHMANN
                  25 Wilkins Ave.
                  Haddonfield, NJ 08033
                  Tel: (856) 428-9696
                  Fax: (856) 795-6983
                  E-mail: ideiches@deicheslaw.com

Total Assets: $1.75 million

Total Liabilities: $1.23 million

The petition was signed by Michael Joffe, member.

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


LAPRADE'S MARINA: Court Okays Continued Access to Cash Collateral
-----------------------------------------------------------------
The Honorable James R. Sacca placed his stamp of approval on a
consensual amended final order giving LaPrade's Marine, LLC,
continued access to cash collateral securing repayment of an
obligation to Multibank 2009-1 CRE Venture, LLC, and The Estate of
Henry Hirsch through June 30, 2016.  The Debtor's June 2016 budget
projects $94,300 in revenues and $26,000 in expenses.  The order
indicates that Multibank may be in the process of selling its loan.


Multibank is represented by:

          David W. Cranshaw, Esq.
          MORRIS, MANNING & MARTIN, LLP
          3343 Peachtree Road, NE
          1600 Atlanta Financial Center
          Atlanta, GA 30326
          Telephone: (404) 233-7000

LaPrade's Marina, LLC, based in Clarkesville, Ga., sought chapter
11 protection (Bankr. N.D. Ga. Case No. 15-20697) on Apr. 6, 2015,
and is represented by John A. Christy, Esq., at Schreeder, Wheeler
& Flint, LLP, in Atlanta.  At the time of the filing, the Debtor
estimated its assets at less than $10 million and its debts at more
than $10 million.


LEHMAN BROTHERS: Can Sell Claim Against European Affiliate
----------------------------------------------------------
Patrick Fitzgerald, writing for Daily Bankruptcy Review, reported
that a bankruptcy judge said the official winding down Lehman
Brothers brokerage business could sell its claim against affiliate,
Lehman Brothers Europe Ltd.

According to the report, Judge Shelley C. Chapman of U.S.
Bankruptcy Court in New York on June 6 said Lehman trustee James
Giddens could sell the claim, which depending on the outcome of
pending litigation in the U.K., could provide an additional $52
million recovery to the brokerage's creditors.

                    About Lehman Brothers

Lehman Brothers Holdings Inc. -- http://www.lehman.com/-- was the

fourth largest investment bank in the United States.  For more
than
150 years, Lehman Brothers has been a leader in the global
financial markets by serving the financial needs of corporations,
governmental units, institutional clients and  individuals
worldwide.

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

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

The Debtors' bankruptcy cases are handled by Judge James M. Peck.
Harvey R. Miller, Esq., Richard P. Krasnow, Esq., Lori R. Fife,
Esq., Shai Y. Waisman, Esq., and Jacqueline Marcus, Esq., at Weil,
Gotshal & Manges, LLP, in New York, represent Lehman.  Epiq
Bankruptcy Solutions serves as claims and noticing agent.

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

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

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

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

                          *     *     *

In October 2015, Lehman made its eighth distribution to creditors,
bringing Lehman's total distributions to unsecured creditors to
approximately $105.4 billion including (1) $77.2 billion of
payments on account of third-party claims, which includes
non-controlled affiliate claims and (2) $28.2 billion of payments
among the Lehman Debtors and their controlled affiliates.

As of September 2015, the trustee in charge of LBI has returned
around $7.65 billion to the defunct brokerage's unsecured
creditors, a recovery of about 35 cents on the dollar.


LIGHT TOWER: Moody's Lowers CFR to Caa3, Outlook Remains Negative
-----------------------------------------------------------------
Moody's Investors Service downgraded Light Tower Rentals, Inc.'s
Corporate Family Rating to Caa3 from Caa1 and its Probability of
Default Rating to Caa3-PD from Caa1-PD.  At the same time, the
rating on the senior secured notes was downgraded to Caa3 from
Caa1.  The outlook remains negative.

The ratings downgrade reflects expectations of EBITDA to Interest
Coverage under 1 times and negative free cash flow in 2016.
Operating performance in the first quarter 2016 was lower than
anticipated and expected to remain at these weak levels for the
remainder of the year.  Moody's believes LTR's capital structure is
untenable at current activity levels, raising concern that company
will pursue some form of debt restructuring initiatives over the
next twelve months.

Downgrades:

Issuer: Light Tower Rentals, Inc.

  Probability of Default Rating, Downgraded to Caa3-PD from
   Caa1-PD
  Corporate Family Rating, Downgraded to Caa3 from Caa1
  Senior Secured Regular Bond/Debenture, Downgraded to Caa3
   (LGD 4) from Caa1 (LGD 4)

Outlook Actions:

Issuer: Light Tower Rentals, Inc.
  Outlook, Remains Negative

                          RATINGS RATIONALE

The Caa3 rating reflects Light Tower Rental's (LTR) deteriorating
credit metrics in 2016 and increasing likelihood of the need to
pursue some form of debt restructuring to right-size its balance
sheet.  Declining profitability will result in high debt to EBITDA
well above 10 times and EBITDA interest coverage falling below 1
times.  Business declines worsened in the first quarter 2016 as
revenue and EBITDA fell 66% and 83%, respectively and free cash
flow was negative.  All segments and products have seen declines
and Moody's believes declines will continue to be more pronounced
in diesel generators and light towers.  Revenues continue to
decline faster than the benefits of cost reductions.  Lower
utilization and price reductions on equipment rentals and services
will pressure margins for the remainder of the year.  Moody's
believes, without material monetization of working capital, LTR
will burn cash over the next twelve months as interest payments eat
into cash flows.  LTR's business is also characterized by low
barriers to entry due to the un-contracted nature of rental
revenues combined with the relatively low-technology product
offering.

LTR's weak liquidity profile reflects Moody's belief that free cash
flow will be modestly negative, driven mostly by declines in EBITDA
and declining working capital benefits.  The company's capex will
be minimal to conserve cash.  LTR's $30 million revolver will be
limited based on qualified receivables.  It was limited to $11
million in the first quarter 2016.  There is a 1.1 times springing
fixed charge coverage covenant in its credit agreement when
availability falls below $4 million.  Moody's does not expect the
company to draw to those levels.

The negative rating outlook reflects the challenging operating
environment and increasing likelihood of the need to pursue some
type of debt restructuring alternatives over the next 12 to 18
months.  The ratings could be downgraded if LTR's liquidity profile
weakens.  The ratings could be upgraded if liquidity improves,
concerns over capital structure alternatives are ameliorated, and
improving business conditions.

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

Light Tower Rentals, Inc. is a diversified well-site specialty
surface equipment rental and services provider which generates
revenue through the rental of products (power generators, light
towers, fluid handling, trailers and heaters) for use at oil and
natural gas well-sites.  LTR is 57% owned by management and private
equity sponsor Clairvest Group Inc. with the remainder by a group
of other investors.  Revenue for the twelve months ended March 31,
2016, was approximately $128 million.


LIGHTNING BOLT: Wants Plan Filing Period Extended to Aug. 26
------------------------------------------------------------
The Hon. Jerry A. Funk of the U.S. Bankruptcy Court for the Middle
District of Florida has extended, at the behest of Lightning Bolt
Leasing, LLC, the Debtor's exclusive period to file a Chapter 11
plan to and including Aug. 26, 2016, and the exclusive period to
solicit acceptance of the plan to and including Oct. 25, 2016.

A hearing on the Debtor's extension request was held on April 28,
2016.  The Debtor sought to extend its initial 120-day exclusive
period for proposing plans of reorganization and their
corresponding initial 180-day exclusive period for obtaining
acceptances of plans of reorganization each for an additional 120
days.  No party-in-interest objected to the request.

Lightning Bolt Leasing, LLC, filed for Chapter 11 bankruptcy
protection (Bankr. M.D. Fla. Case No. 15-05173) on Nov. 25, 2015.
Robert D. Wilcox, Esq., at Wilcox Law Firm serves as the Debtor's
bankruptcy counsel.  He can be reached at:

       Robert D. Wilcox, Esq.
       Wilcox Law Firm
       Jacksonville, FL 32208
       Tel: (904) 537-5225
       E-mail: rw@wlflaw.com


LIVE NATURALLY: Hires Henderson Law Firm as Counsel
---------------------------------------------------
Live Naturally, LLC seeks permission from the U.S. Bankruptcy Court
for the Western District of North Carolina to employ Henderson Law
Firm as counsel.

The Debtor requires Henderson Law Firm to:

     a. provide legal advice with respect to the powers and duties
as debtor-in-possession in the continued operation of its business
and management of its properties;

     b. negotiate, prepare, and pursue confirmation of a Chapter 11
plan and approval of a disclosure statement, and all related
reorganization agreements and/or documents;

     c. prepare on behalf of the Debtor necessary applications,
motions, answers, orders, reports and other legal papers;

     d. appear in Court to protect the interests of the Debtor
before the Court; and

     e. perform all other legal services for the Debtor which may
be necessary and proper in this Chapter 11 proceeding.

Henderson Law Firm will be paid at these hourly rates:

      James H. Henderson                      $450
      Virginia T. Harlan (assistant)          $85

Henderson Law Firm has received a $5,000 retainer from Haute
Exclusive in connection with the preparation of initial documents,
and its anticipated post-petition representation of the Debtor in
this Chapter 11 case.

Henderson Law Firm will also be reimbursed for reasonable
out-of-pocket expenses incurred.

James H. Henderson, Esq., member of the Henderson Law Firm, 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.

Henderson Law Firm may be reached at:

      James H. Henderson, Esq.
      Henderson Law Firm
      1201 Harding Place
      Charlotte, NC 28204-2826
      Telephone: 704.333.3444
      Facsimile: 704.333.5003
      E-mail: henderson@title11.com

Live Naturally LLC filed a Chapter 11 petition (Bankr. W.D.N.C.
Case No. 16-30739) on Chapter 11 Petition filed May 2, 2016.


LOTUS STORES: Voluntary Chapter 11 Case Summary
-----------------------------------------------
Debtor: Lotus Stores, Inc.
        3980-G Airport Blvd.
        Mobile, AL 36608

Case No.: 16-01867

Chapter 11 Petition Date: June 7, 2016

Court: United States Bankruptcy Court
       Southern District of Alabama (Mobile)

Debtor's Counsel: Jeffery J. Hartley, Esq.
                  HELMSING, LEACH, HERLONG, NEWMAN & ROUSE
                  P.O. Box 2767
                  Mobile, AL 36652-2767
                  Tel: (251) 432-5521
                  E-mail: jjh@helmsinglaw.com

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

Estimated Liabilities: $1 million to $10 million

The petition was signed by Lalonie Farnell, president/sole
shareholder.

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


LUIS CARLOS AGUIRRE: Court Approves Disclosures, Confirms Plan
--------------------------------------------------------------
Judge Mike K. Nakagawa of the U.S. Bankruptcy Court for the
District of Nevada on June 2, 2016, granted final approval of the
disclosure statement explaining Luis Carlos Aguirre's Chapter 11
plan of reorganization, and confirmed the Plan.

The bankruptcy case is In re: Luis Carlos Aguirre,
BK-S-15-13335-mkn (Bankr. D. Nev.).

The Debtor is represented by:

          Michael J. Harker, Esq.
          THE LAW OFFICES OF MICHAEL J. HARKER
          2901 El Camino Ave., #200
          Las Vegas, NV 89102
          Tel: (702) 248-3000
          Fax: (702) 425-7290


MCCORKLE CONCRETE: Hires Henderson Law Firm as Counsel
------------------------------------------------------
McCorkle Concrete, Inc., seeks permission from the U.S. Bankruptcy
Court for the Western District of North Carolina to employ
Henderson Law Firm as counsel.

The Debtor requires Henderson Law Firm to:

     a. provide legal advice with respect to the powers and duties
as debtor-in-possession in the continued operation of its business
and management of its properties;

     b. negotiate, prepare, and pursue confirmation of a Chapter 11
plan and approval of a disclosure statement, and all related
reorganization agreements and/or documents;

     c. prepare on behalf of the Debtor necessary applications,
motions, answers, orders, reports and other legal papers;

     d. appear in Court to protect the interests of the Debtor
before the Court; and

     e. perform all other legal services for the Debtor which may
be necessary and proper in this Chapter 11 proceeding.

Henderson Law Firm will be paid at these hourly rates:

      James H. Henderson                      $450
      Virginia T. Harlan (assistant)          $85

Henderson Law Firm has received a $15,000 retainer from the Debtor
in connection with he planning for the Chapter 11 proceeding, the
preparation of initial documents, and its anticipated post-petition
representation of the Debtor and the estate in this Chapter 11
case, in addition to the $1,717 bankruptcy filing fee.

Henderson Law Firm will also be reimbursed for reasonable
out-of-pocket expenses incurred.

James H. Henderson, Esq., member of the Henderson Law Firm, 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.

Henderson Law Firm may be reached at:

      James H. Henderson, Esq.
      Henderson Law Firm
      1201 Harding Place
      Charlotte, NC 28204-2826
      Telephone: 704.333.3444
      Facsimile: 704.333.5003
      E-mail: henderson@title11.com

McCorkle Concrete, Inc., based in Charlotte, North Carolina, filed
a Chapter 11 petition (Bankr. W.D.N.C. Case No. 16-30820) on May
18, 2016.  The Hon. Craig J. Whitley presides over the case.  James
H. Henderson, Esq., at JAMES H. HENDERSON, P.C., serves as counsel
to the Debtor.  In its petition, the Debtor listed total assets of
$1.15 million and total liabilities of $3.40 million.  The petition
was signed by Eric S. McCorkle, president.


MEDICAL INVESTORS: Hires Mark Starcher as Bookkeeper
----------------------------------------------------
Medical Investors, LLC seeks authorization from the U.S. Bankruptcy
Court for the Southern District of West Virginia to employ Mark
Starcher as bookkeeper.

The Debtor requires Mr. Starcher to prepare necessary monthly
operating reports and assist in preparation of financial
projections in connection with the Disclosure Statement and Plan.

Mr. Starcher seeks to be paid $250 per month.

Mr. Starcher will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Mr. Starcher 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.

                    About Medical Investors

Hurricane, West Virginia-based Medical Investors, LLC, filed for
Chapter 11 bankruptcy protection (Bankr. S.D. W. Va. Case No.
16-30223) on May 5, 2016, estimating its assets at between $1
million and $10 million and its liabilities at between $500,000 and
$1 million.  The petition was signed by Darrin VanScoy, managing
member.  Judge Frank W. Volk presides over the case.

Joseph W. Caldwell, Esq., Caldwell & Riffee serves as the Debtor's
bankruptcy counsel.



MET-TEC INC: Ch.11 Trustee Hires Mahady & Mahady as Attorney
------------------------------------------------------------
Robert H. Slone, the Chapter 11 Trustee for Met-Tec, Inc., asks the
U.S. Bankruptcy Court for the Western District of Pennsylvania for
permission to employ Mahady & Mahady as his attorney.

The Chapter 11 Trustee is a partner of Mahady & Mahady.

The Chapter 11 Trustee requires Mahady & Mahady to:

     a. help the Trustee gather the assets of the Estate;

     b. advise the Trustee in any and all legal matters affecting
the Estate;

     c. if needed, aid the Trustee in selling assets of the Estate
and make proper distribution thereof; and

     d. pursue any causes of action on behalf of the Estate or
which may be filed against the Estate.

Robert H. Slone, Esq., and Mahady & Mahady will be paid at the rate
of $325 per hour after rendering such services.

Robert H. Slone, Esq., and Mahady & Mahady have no connection with
the Debtor, creditors, or any other party in interest, or their
respective attorneys or accountants, and that Robert H. Slone,
Esq., and Mahady & Mahady, do not hold or represent an interest
adverse to the estate with respect to the matters in which the
attorney is proposed to be employed, and that the employment of the
attorney is in the best interest of the estate.

Mahady & Mahady can be reached at:

       Robert H. Slone, Esq.
       Mahady & Mahady
       223 South Maple Avenue
       Greensburg, PA 15601
       Phone: (724)834-2990
       E-mail: robertslone223@gmail.com

Met-Tec, Inc., sought Chapter 11 protection (Bankr. W.D. Pa. Case
No. 15-23527) on Sept. 25, 2015, in Pittsburgh.  The case judge is
the Hon. Carlota M. Bohm.  The Debtor tapped Corey J. Sacca, Esq.,
at Bononi & Company, P.C., in Greensburg, Pennsylvania, serves as
counsel.  The Debtor estimated $100,000 to $500,000 in assets and
$1 million to $10 million in debt.

Judge Carlota M. Bohm entered an order approving the appointment of
Robert H. Slone as Chapter 11 trustee in the case of Met-Tec, Inc.
The U.S. Trustee appointed Mr. Slone after consulting with
parties-in-interest in the case.


MICHAEL CURTIS RAY: July 12 Plan Confirmation Hearing
-----------------------------------------------------
Judge Letitia Paul of the U.S. Bankruptcy Court for the Southern
District of Texas, Houston Division, approved the amended
disclosure statement explaining Michael Curtis Ray and Tejia Lanese
Ray's bankruptcy-exit plan and scheduled the hearing on
confirmation of the plan for July 12, 2016, at 10:30 A.M.

July 5, 2016, is fixed as the last day for filing written
acceptances or rejections of the plan.  June 27 is the last day for
filing written objections to confirmation of the plan.

The bankruptcy case is In re: Michael Curtis Ray and Tejia Lanese
Ray, Case No. 15-32359-H3-11 (Bankr. S.D. Tex.).


MICROSEMI CORP: S&P Revises Rating on Sr. Sec. Term Loans to 'BB'
-----------------------------------------------------------------
S&P Global Ratings revised its issue-level rating on Aliso Viejo,
Calif.-based semiconductor maker Microsemi Corp.'s senior secured
term loans and revolving credit facility to 'BB' from 'BB-'.  S&P
also revised its recovery rating to '2' from '3'.  The '2' recovery
rating indicates S&P's expectation for substantial recovery (70% to
90%; lower half of the range) in the event of payment default.  The
change reflects incremental issuance of
$250 million of term A loans that the company will use to repay an
equivalent amount of term B loans and that carry higher required
amortization than the term B loans.  The change also reflects
repayment of the term B loans since the original issuance of
$280 million in the quarter ended April 3, 2016 publically
disclosed payments associated with recent divestitures of
$321 million announced in the current quarter ending in June.  S&P
'BB-' rating and stable outlook are unchanged.

RECOVERY ANALYSIS

Key analytical factors

   -- S&P continues to value the company on a going-concern basis
      using a 5x multiple of S&P's projected emergence EBITDA,
      which is at the high end of the range that S&P typically
      uses for semiconductor companies.

   -- S&P's simulated default scenario assumes a payment default
      in 2020 due to unsuccessful acquisition integrations
      combined with an economic slowdown which results in a
      decline in end-market demand, increased competition, and
      pricing pressure.

Simulated default assumptions

   -- Simulated year of default: 2020
   -- EBITDA at emergence: $288 million
   -- EBITDA multiple: 5x
   -- The revolving credit facility is 85% drawn at default.

Simplified waterfall

   -- Net enterprise value (after 5% administrative costs):
      $1.37 billion
   -- Valuation split (obligors/nonobligors): 40%/60%
   -- Collateral value available to secured creditors:
      $1.08 billion
   -- Unpledged value available to secured creditors: $157 million
   -- Secured first-lien debt: $1.69 billion
      -- Recovery expectations: 70% to 90% (lower half of the
        range)
   -- Value available to unsecured creditors: $125 million
   -- Unsecured debt claims: $479 million
      -- Recovery expectations: 10% to 30% (upper half of the
      range)

Note: All debt amounts include six months of prepetition interest.
Collateral value equals asset pledge from obligors after priority
claims plus equity pledge from non-obligors after non-obligor
debt.

RATINGS LIST

Microsemi Corp.
Corporate Credit Rating             BB-/Stable/--

Upgraded; Recovery Rating Revised
                                     To              From
Microsemi Corp.
Senior secured                      BB              BB-
  Recovery Rating                    2L              3H


MICROVISION INC: Files Specialized Disclosure Report with SEC
-------------------------------------------------------------
Microvision, Inc. filed with the Securities and Exchange Commission
a specialized disclosure report on Form SD pursuant to Rule 13p-1
promulgated under the Securities Exchange Act of 1934 for the
reporting period Jan. 1, 2015, to Dec. 31, 2015.

"Our business is focused on developing our proprietary PicoP
scanning technology, which can be used by our customers to create
high-resolution miniature projection and three-dimensional sensing
and image capture solutions.  Our PicoP scanning technology uses
our patented expertise in two dimensional Micro-Electrical
Mechanical Systems (MEMS), lasers, optics, and electronics to
create a small form factor device with lower power needs than many
other technologies that projects high-quality video and still image
and/or uses depth sensing to capture three-dimensional data. Our
business strategy is to develop and supply PicoP scanning
technology directly or through licensing arrangements to original
device manufacturers (ODMs) and original equipment manufacturers
(OEMs) in various market segments, including consumer electronics
and automotive, for integration into their products," the Company
stated.

The Rule requires disclosure of certain information when a company
manufactures or contracts to manufacture products for which the
minerals specified in the Rule are necessary to the functionality
or production of those products.  The specified minerals are gold,
columbite-tantalite (coltan), cassiterite and wolframite, including
their derivatives, which are limited to tantalum, tin and tungsten.
The "Covered Countries" for purposes of the Rule are the
Democratic Republic of the Congo, the Republic of the Congo, the
Central African Republic, South Sudan, Uganda, Rwanda, Burundi,
Tanzania, Zambia and Angola.

"[w]e are focused on developing our technology and generally are
not presently in the business of manufacturing or contracting to
manufacture any consumer products.  However, from time to time we
do procure components for packaged MEMS, provide them to third
parties that assemble the components for us and sell packaged MEMS
to our customers.  The Securities Exchange Commission (SEC) has
stated that whether a company is considered under the Rule to
"contract to manufacture" a product depends on the degree of
influence the company exercises over the "...materials, parts,
ingredients, or components to be included in any product...," but
the SEC has not provided much guidance as to the circumstances that
would result in sufficient influence to fall within the scope of
the Rule.  As a result, it is possible that we may manufacture or
contract to manufacture products within the meaning of the Rule. To
the extent we do so, we do not purchase any Conflict Minerals for
these components directly from mines, smelters or refiners.  We
sometimes acquire components from suppliers and those components
are used in the assembly of MEMS for us by third parties.  It is
also the case that some components are sourced directly by these
parties that are assembling products for us and are incorporated
into MEMS packages.  We must therefore rely on our suppliers to
provide information regarding the composition and origin of such
components.

"We have conducted a good faith reasonable country of origin
inquiry by contacting and making inquiries of our suppliers.  These
inquiries were designed to determine whether any of the components
supplied to us contained Conflict Minerals and, if so, whether such
Conflict Minerals originated in the Covered Countries.  Each of our
suppliers indicated that Conflict Minerals were necessary to the
functionality or production of the components it supplies to us but
that such Conflict Minerals did not originate from the Covered
Countries.  As a result, following this inquiry, we do not have
reason to believe that the Conflict Minerals that are necessary to
the functionality or production of products that we may be
considered to manufacture or contract to manufacture may have
originated in the Covered Countries.  This information is publicly
available on the corporate governance page of the investors section
of our website, www.microvision.com."

                       About MicroVision

Redmond, Washington-based MicroVision, Inc. is developing its
PicoP(R) display technology that can be adopted by its customers to
create high-resolution miniature laser display and imaging modules.
This PicoP display technology incorporates the company's patented
expertise in two-dimensional Micro-Electrical Mechanical Systems
(MEMS), lasers, optics and electronics.

MicroVision reported a net loss of $14.5 million on $9.18 million
of total revenue for the year ended Dec. 31, 2015, compared to a
net loss of $18.12 million on $3.48 million of total revenue for
the year ended Dec. 31, 2014.

As of March 31, 2016, MicroVision had $16.50 million in total
assets, $13.64 million in total liabilities and $2.85 million in
total shareholders' equity.

Moss Adams LLP, in Seattle, Washington, 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 from operations and has a net capital deficiency, which
raises substantial doubt about its ability to continue as a going
concern.


MICROVISION INC: Plans to Sell $35M Worth of Securities
-------------------------------------------------------
Microvision, Inc., filed with the Securities and Exchange
Commission a Form S-3 registration statement relating to the sale,
from time to time, of up to $35,000,000 of the Company's common
stock, preferred stock, or warrants in one or more transactions.

The Company will provide specific terms of these securities and
offerings in supplements to the prospectus.

The Company's common stock is traded on The NASDAQ Global Market
under the symbol "MVIS."  On June 3, 2016, the closing price of its
common stock on The NASDAQ Global Market was $1.84 per share.

A copy of the preliminary prospectus is available for free at:

                       https://is.gd/qbuwuj

                        About MicroVision

Redmond, Washington-based MicroVision, Inc. is developing its
PicoP(R) display technology that can be adopted by its customers to
create high-resolution miniature laser display and imaging modules.
This PicoP display technology incorporates the company's patented
expertise in two-dimensional Micro-Electrical Mechanical Systems
(MEMS), lasers, optics and electronics.

MicroVision reported a net loss of $14.5 million on $9.18 million
of total revenue for the year ended Dec. 31, 2015, compared to a
net loss of $18.12 million on $3.48 million of total revenue for
the year ended Dec. 31, 2014.

As of March 31, 2016, MicroVision had $16.50 million in total
assets, $13.64 million in total liabilities and $2.85 million in
total shareholders' equity

Moss Adams LLP, in Seattle, Washington, 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 from operations and has a net capital deficiency, which
raises substantial doubt about its ability to continue as a going
concern.


MONAKER GROUP: Borrows $300,000 from Monaco Insurance Trust
-----------------------------------------------------------
Monaker Group, Inc., borrowed $300,000 from the Donald P. Monaco
Insurance Trust, which was evidenced by a Promissory Note in the
principal amount of $300,000, which accrues interest at the rate of
6% per annum (12% upon the occurrence of an event of default).

All principal, interest and other sums due under the Note is due
and payable on the earlier of (a) the date the operations of
NextTrip.com generate net revenues equal to $300,000; (b) the date
the Company enters into an alternate financing in excess of
$300,000; or (c) Aug. 1, 2016.  The Note contains standard and
customary events of default.

Donald P. Monaco, a member of the Compoany's Board of Directors, is
the trustee of the Trust.

This Note may be prepaid in whole or in part at any time, without
penalty or premium.

The Company intends to use the proceeds of the Note for working
capital and general corporate purposes.

                       About Monaker Group

Monaker Group, Inc., formerly known as Next 1 Interactive, Inc., is
a digital media marketing company focusing on lifestyle enrichment
for consumers in the travel, home and employment sectors.  Core to
its marketing services are key elements including proprietary
video-centered technology and established partnerships that enhance
its reach.  Video is quickly becoming consumer's preferred method
of searching and educating themselves prior to purchases.
Monaker's video creation technology and film libraries combine to
create lifestyle video offerings that can be shared both to its
customers and through trusted distribution systems of its major
partners.  The end result is better engagement with consumers who
gain in-depth information on related products and services helping
to both inform and fulfill purchases.  Unlike traditional marketing
companies that simply charge for advertising creation, Monaker
holds licenses and/or expertise in the travel, real estate and
employment sectors allowing it to capture fees at the point of
purchase while the majority of transactions are handled by
Monaker's partners.  This should allow the company to capture
greater revenues while eliminating much of the typical overhead
associated with fulfillment.  Monaker core holdings include
Maupintour, NameYourFee.com, RealBiz Media Group - helping it to
deliver marketing solutions to consumers at home, work and play.

Next 1 Interactive reported a net loss of $50,500 on $1.1 million
of total revenue for the year ended Feb. 28, 2015, compared with a
net loss of $18.3 million on $1.5 million of total revenues for the
year ended Feb. 28, 2014.

As of Nov. 30, 2015, the Company had $6.94 million in total assets,
$9.88 million in total liabilities and a total stockholders'
deficit of $2.94 million.

D'Arelli Pruzansky, P.A., in Boca Raton, Florida, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Feb. 28, 2015, citing that the Company has incurred
an operating loss of $5.44 million and net cash used in operations
of $2.62 million for the year ended Feb. 28, 2015, and the Company
had an accumulated deficit of $86.1 million and a working capital
deficit of $12.8 million at Feb. 28, 2015.  These conditions raise
substantial doubt about the Company's ability to continue as a
going concern.


MONAKER GROUP: Delays Filing of Fiscal 2015 Annual Report
---------------------------------------------------------
Monaker Group, Inc., filed with the U.S. Securities and Exchange
Commission a Notification of Late Filing on Form 12b-25 with
respect to its annual report on Form 10-K for the period ended Feb.
29, 2016.

The Company said it has experienced delays in completing its Annual
Report within the prescribed time period due to delays experienced
in completing the audit of the Company's financial statements for
the period and consequently the filing of the Form 10-K.  The delay
could not be eliminated without unreasonable effort or expense, it
said.

The Company anticipates filing its complete annual report on Form
10-K on or before the fifteenth day following the prescribed due
date.

                      About Monaker Group

Monaker Group, Inc., formerly known as Next 1 Interactive, Inc., is
a digital media marketing company focusing on lifestyle enrichment
for consumers in the travel, home and employment sectors.  Core to
its marketing services are key elements including proprietary
video-centered technology and established partnerships that enhance
its reach.  Video is quickly becoming consumer's preferred method
of searching and educating themselves prior to purchases.
Monaker's video creation technology and film libraries combine to
create lifestyle video offerings that can be shared both to its
customers and through trusted distribution systems of its major
partners.  The end result is better engagement with consumers who
gain in-depth information on related products and services helping
to both inform and fulfill purchases.  Unlike traditional marketing
companies that simply charge for advertising creation, Monaker
holds licenses and/or expertise in the travel, real estate and
employment sectors allowing it to capture fees at the point of
purchase while the majority of transactions are handled by
Monaker's partners.  This should allow the company to capture
greater revenues while eliminating much of the typical overhead
associated with fulfillment.  Monaker core holdings include
Maupintour, NameYourFee.com, RealBiz Media Group - helping it to
deliver marketing solutions to consumers at home, work and play.

Next 1 Interactive reported a net loss of $50,500 on $1.1 million
of total revenue for the year ended Feb. 28, 2015, compared with a
net loss of $18.3 million on $1.5 million of total revenues for the
year ended Feb. 28, 2014.

As of Nov. 30, 2015, the Company had $6.94 million in total assets,
$9.88 million in total liabilities and a total stockholders'
deficit of $2.94 million.

D'Arelli Pruzansky, P.A., in Boca Raton, Florida, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Feb. 28, 2015, citing that the Company has incurred
an operating loss of $5.44 million and net cash used in operations
of $2.62 million for the year ended Feb. 28, 2015, and the Company
had an accumulated deficit of $86.1 million and a working capital
deficit of $12.8 million at Feb. 28, 2015.  These conditions raise
substantial doubt about the Company's ability to continue as a
going concern.


NATASHA N. DREMLYUGA: Unsecureds to Get $1K Per Month for 10 Yrs.
-----------------------------------------------------------------
Natasha N. Dremlyuga filed with the U.S. Bankruptcy Court for the
Western District of Washington a first amended disclosure statement
and plan of reorganization proposing to pay general unsecured
creditors $1,042 per month, to be split on a pro-rata basis, for a
10-year period commencing after payments of administrative expense
claims are completed.

The Debtor identified $4,136 owing on her schedules.  Two proofs of
claim have also been filed by Toyota Financial based on previously
repossessed cars totaling approximately $41,809.  The US Trustee
also filed a claim for $650 in fees from the prior case.

A full-text copy of the First Amended Disclosure Statement dated
June 2, 2016, is available at:

     http://bankrupt.com/misc/wawb15-15660-68.pdf

The bankruptcy case is In re: NATASHA N. DREMLYUGA, Case No.
15-15660 (Bankr. W.D. Wash.).

The Debtor is represented by:

          WELLS AND JARVIS, P.S.
          502 Logan Building
          500 Union Street
          Seattle, WA 98101-2332
          Tel: 206-624-0088
          Fax: 206-624-0086


NORTHSTAR ASSET: Moody's Affirms Ba2 Corporate Family Rating
------------------------------------------------------------
Moody's Investors Service has changed the outlook on Northstar
Asset Management Group to stable and affirmed the Ba2 corporate
family rating of NSAM following the announcement of its agreement
to merge with Colony Capital and NorthStar Realty Finance.

                           RATINGS RATIONALE

The change in outlook to stable reflects our view that the recently
announced merger transaction is not creditor unfriendly to NSAM
creditors as it does not adversely impact NSAM's financial or
business profile.  When Moody's first rated NSAM we assigned a
negative outlook to the ratings to reflect the risk that the
company's announcement on 11 January 2016 that it had hired Goldman
Sachs to explore strategic alternatives could lead to actions
adverse to creditors.  While Moody's expects the deal will close,
if does it not, it believes the likelihood of NSAM entering into
another strategic transaction that would be less creditor friendly
to be less of a risk.  However, in such a scenario, Moody's would
re-assess Moody's rating and outlook based on the new
circumstances.  NSAM's debt will be repaid and the company will
merged out of existence upon the closing of the transaction
(expected in the first quarter of 2017).

NSAM is non-traditional real estate asset manager with
approximately $35 billion in assets under management.  NSAM manages
two publicly traded REITs, NorthStar Realty Finance ("NRF") and
NorthStar Realty Europe ("NRE"), and six non-traded companies.
NSAM also holds two minority investments in a hospitality and
healthcare asset manager, respectively, and owns an 89% interest in
Townsend, an investment manager and advisory. The bulk of NSAM's
managed assets reside in permanent or semi-permanent capital
vehicles, reducing the risk posed by redemptions.

The Ba2 corporate family rating reflects NSAM's strong asset
retention ability and related downside revenue protection based
largely on long-term asset management contracts at NRF and NRE.
NSAM receives a base fee from NRF and NRE which, contractually,
cannot decline, but would increase if these companies raise equity.
These publicly traded REITs represent nearly half of NSAM's
projected revenues.  Other strengths for NSAM include investment
grade level leverage and profitability.

These strengths, however, are offset by NSAM's small scale and
asset class concentration.  Product and geographic diversification
are limited as NSAM is focused almost entirely in real estate
assets and the client base is predominantly US-focused.
Distribution channels are limited.  The non-traded companies rely
primarily on independent financial advisors for distribution,
although the acquisition of Townsend added a strong institutional
direct distribution platform.  Management has been reducing
leverage at NRF, NSAM's largest managed company.  But it remains
more levered than its peers, which also constrains the ratings.

These ratings were affirmed:

  Long-term Corporate Family Rating -- Ba2
  $500 million Senior Secured First Lien Term Loan -- Ba2

The principal methodology used in these ratings was Asset Managers:
Traditional and Alternative published in December 2015.


NORTHWEST TERRITORIAL: Panel Hires Miller Nash as Counsel
---------------------------------------------------------
The Official Committee of Unsecured Creditors of Northwest
Territorial Mint, LLC seeks authorization from the U.S. Bankruptcy
Court for Western District of Washington at Seattle to retain
Miller Nash Graham & Dunn LLP as counsel for the Committee,
effective April 22, 2016.

The Committee requires Miller Nash to:

   (a) generally provide legal services as needed, including
       representation as to recovery and/or liquidation of the
       Debtor's assets;

   (b) represent the Committee in mediation and otherwise with
       respect to the Debtor's prepetition actions; and

   (c) provide services as may be required to best protect the
       interests of the unsecured creditors in the case, including

       without limitation to carry out the rights and powers
       specified in Section 1103(c) of the Bankruptcy Code.

Miller Nash will be paid at these hourly rates:

       Mark D. Northrup        $475
       Geoffrey Groshong       $500
       John R. Knapp, Jr.      $440
       Attorneys               $240-$695
       Paralegals              $115-$275

Miller Nash will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Mark D. Northrup, partner of Miller Nash, 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.

Miller Nash can be reached at:

       Mark D. Northrup, Esq.
       Geoffrey Groshong, Esq.
       John R. Knapp, Jr., Esq.
       MILLER NASH GRAHAM & DUNN LLP
       2801 Alaskan Way, Suite 300
       Seattle, WA 98121
       Tel: (206) 624-8300
       Fax: (206) 340-9599
       E-mail: mark.northrup@millernash.com
               geoff.groshong@millernash.com
               john.knapp@millernash.com

                  About Northwest Territorial

Northwest Territorial Mint LLC sought protection under Chapter 11
of the Bankruptcy Code in the U.S. Bankruptcy Court for the Western
District of Washington (Seattle) (Case No. 16-11767) on April 1,
2016.  

The petition was signed by Ross B. Hansen, member. The case is
assigned to Judge Christopher M. Alston. The Debtor is represented
by J. Todd Tracy, Esq., at The Tracy Law Group PLLC.

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



NRG ENERGY: S&P Assigns 'BB+' Rating on $2.511BB Sr. Revolver
-------------------------------------------------------------
S&P Global Ratings assigned its 'BB+' issue-level rating and '1'
recovery rating to NRG Energy Inc.'s $2.511 billion senior secured
revolver due 2021 and $1.9 billion senior secured term loan B due
2023. Both facilities are being amended and extended with security
and covenants being substantially similar to the existing credit
facilities (maximum senior secured leverage ratio set at 4.0x and
minimum interest coverage ratio set at 1.75x).  The '1' recovery
rating reflects S&P's expectation of very high (90% to 100%)
recovery in the event of default.

As of March 31, 2016, NRG had about $9.2 billion of recourse and
imputed debt.  NRG is a publicly traded independent power producer
focused on the wholesale and retail unregulated power business.

The 'BB-' corporate credit rating on NRG Energy is based on S&P's
assessment of a fair business risk profile and aggressive financial
risk profile.  The outlook is stable.

RATINGS LIST

NRG Energy Inc.
Corporate Credit Rating         BB-/Stable/--

New Rating

NRG Energy Inc.
Senior Secured
  $2.511 Bil.Revolver Due 2021   BB+
   Recovery Rating               1
  $1.9 Bil.Term Loan B Due 2023  BB+
   Recovery Rating               1


OSAGE EXPLORATION: U.S. Trustee Wants Case Converted to Ch. 7
-------------------------------------------------------------
The U.S. Trustee asks the U.S. Bankruptcy Court to enter an order
converting Osage Exploration and Development, Inc.'s Chapter 11
case to one under Chapter 7 of the Bankruptcy Code, saying
conversion would be in the best interests of creditors and the
estate.

The U.S. Trustee narrates that on March 31, the Court has approved
a sale of substantially all of the assets of the Debtor.  The U.S.
Trustee adds that the Debtor has also made it clear that it will
not be proposing a plan because there is no ongoing concern to
reorganize for all that is left to administer are some sale
proceeds subject to liens, and some proceeds from compromises --
appropriate for conversion to chapter 7.

Under a Case Law that discusses the lack of ability of the debtor
to formulate a plan, the Court rules that conversion to chapter 7
is appropriate, and the decision went on to state that "Chapter 11
is improper where there is no going concern to preserve, there are
no employees to protect and there is no hope of
rehabilitation..."

Furthermore, the U.S. Trustee avers that conversion of this case
will eliminate ongoing chapter 11 administrative expenses in favor
of the relatively economical administration provided by chapter 7
and result in the appropriate statutory distribution provided by
section 726.

The U.S. Trustee's motion is set to be heard on July 6, 2016.

The United States Trustee is represented by:

       Charles E. Snyder, Esq.
       Office of the United States Trustee
       215 Dean A. McGee, Room 408
       Oklahoma City, OK 73102
       Telephone: (405) 231-5961/231-5958 [fax]
       Email: Charles.Snyder@usdoj.gov

             About Osage Exploration

Headquartered in San Diego, California with production offices in
Oklahoma City, Oklahoma, and executive offices in Bogota, Colombia,
Osage Exploration and Development, Inc. (OTC BB: OEDV) --
http://www.osageexploration.com/-- is an independent exploration
and production company with interests in oil and gas wells and
prospects in the US and Colombia.

Osage Exploration filed a Chapter 11 petition (Bankr. W.D. Okla.
Case No. 16-10308) on Feb. 3, 2016, to pursue a sale of
substantially all assets.  

The Debtor disclosed total assets of $11,147,152 and total
liabilities of $39,464,678.

The Debtor tapped Crowe & Dunlevy as counsel.

The Office of the U.S. Trustee on Feb. 29 appointed three creditors
to serve on the official committee of unsecured creditors.


PACIFIC EXPLORATION: CCAA Gets U.S. Bankruptcy Court Recognition
----------------------------------------------------------------
Pacific Exploration & Production Corporation on June 8 disclosed
that the U.S. Bankruptcy Court for the Southern District of New
York has granted an order under Chapter 15 of the U.S. Bankruptcy
Code recognizing the proceeding in Canada under the Companies'
Creditors Arrangement Act (Canada) as a foreign main proceeding,
and giving effect to the initial order obtained in the Canadian
proceedings on April 27, 2016.

Shareholder Contact Information

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

Noteholder Contact Information

Noteholders with questions concerning the Creditor/Catalyst
restructuring transaction are encouraged to contact Kingsdale
Shareholder Services at 1-877-659-1821 toll-free in North America
or call collect at 1-416-867-2272 outside of North America or by
email at contactus@kingsdaleshareholder.com

             About Pacific Exploration & Production

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: Judge Approves Ch. 15 Request
--------------------------------------------------
Tom Corrigan, writing for Daily Bankruptcy Review, reported that a
New York bankruptcy judge agreed to recognize Pacific Exploration &
Production Corp.'s efforts to implement a multibillion-dollar
restructuring pact, which the oil-producer is working out in
Canada.

According to the report, during a hearing on June 8, Judge James
Garrity Jr. of the U.S. Bankruptcy Court in Manhattan approved the
company's request for chapter 15 protection, the section of the
bankruptcy code that deals with international insolvencies.

Chapter 15 offers the benefits of U.S. bankruptcy law to companies
restructuring abroad, halting lawsuits and preventing creditors
from attempting to seize assets, the report said.

               About Pacific Exploration & Production

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.

PricewaterhouseCoopers Inc., the foreign representative oF Pacific
Exploration, can be contacted at:

         PRICEWATERHOUSECOOPERS INC.
         PwC Tower
         18 York Street, Suite 2600
         Toronto, ON M5J 0B2
         Attention: Tammy Muradova
         Canada/US: +1 844 855 8568
         Colombia: 01 800 518 2167
         Local US: +1 503 520 4469


PALADIN ENERGY: Court Extends Cash Collateral Pact to June 30
-------------------------------------------------------------
The Honorable Barbara J. Houser put her stamp of approval on an
Agreed Order this week giving Paladin Energy Corp. continued
interim access to cash collateral pledged to secure repayment of a
loan to MUFG Union Bank, N.A., individually and as administrative
agent and letter of credit issuer.  The agreement continues through
June 30, 2016.

The Debtor's budget for June 2016 projects $546,883 in income and
expenses totalling $651,844.  

MUFG Union Bank, N.A., is represented in this matter by:

          David Bennett, Esq.
          Cassandra Sepanik Shoemaker, Esq.
          Steven Levitt, Esq.
          THOMPSON & KNIGHT LLP
          One Arts Plaza
          1722 Routh Street, Suite 1500
          Dallas, Texas 75201
          Telephone: 214. 969.1700

As previously reported in the Troubled Company Reporter, MUFG Union
Bank was owed $22,952,403, as of the Petition Date, under a 2008
loan agreement in the original principal
amount of $40 million.

Paladin Energy Corp. sought chapter 11 protection (Bankr. N.D. Tex.
Case No. 16-31590) on Apr. 21, 2016.  The Debtor is represented by
Davor Rukavina, Esq., at Munsch, Hardt, Kopf & Harr, P.C., in
Dallas, Tex.  The Debtor estimated assets ranging from $10 million
to $50 million and estimated debts ranging from $10 million to $50
million.


PENN VIRGINIA: Republic Midstream Urges Rejection of Plan
---------------------------------------------------------
Katy Stech, writing for Daily Bankruptcy Review, reported that
Republic Midstream LLC urged a bankruptcy judge to reject oil- and
natural gas-driller Penn Virginia Corp.'s reorganization strategy
and proposed its own alternate plan.

According to the report, Penn Virginia officials, who put the
energy producer into bankruptcy on May 12, had asked U.S.
Bankruptcy Judge Keith L. Phillips to approve a reorganization
strategy that would enable it to take in $50 million by selling new
common stock.

As previously reported by The Troubled Company Reporter, the
Debtors filed a Chapter 11 Plan of Reorganization that incorporates
terms of a Restructuring Support Agreement negotiated with lenders
holding 100 percent of the principal amount of the loans arising
under the RBL Facility, and holders of approximately 86 percent of
the principal amount of the Notes.  

According to the Disclosure Statement, the Plan provides that:

   * Holders of administrative and priority Claims shall be paid
in
full, in cash on the Effective Date;

   * Holders of DIP Claims shall receive payment in full, in cash
on the Effective Date, funded from cash on hand and the proceeds
of the Exit Facility and the Rights Offering;

   * Holders of Other Secured Claims shall receive such treatment
as to render their claims unimpaired;

   * Holders of RBL Claims shall receive payment in full, in cash
on the Effective Date, funded from cash on hand and the proceeds
of the Exit Facility and the Rights Offering;

   * Holders of Note Claims and holders of General Unsecured
Claims, collectively, shall each receive their pro rata share of
an
aggregate of 100% of the New Common Stock on the Effective
Date, subject to dilution on account of the Management Incentive
Plan Equity, any fees payable in New Common Stock under the terms
of the Backstop Commitment Agreement (including the Commitment
Premium), and the New Common Stock issued in the Rights Offering;

   * Holders of Note Claims shall also be entitled to participate
in the Rights Offering in accordance with the Backstop Commitment
Agreement, the Restructuring Support Agreement, the Plan, and
certain Rights Offering Procedures;

   * All existing Interests in Penn Virginia will be canceled,
extinguished, and discharged; and

   * Intercompany Claims and Interests shall be reinstated or
canceled at the Debtors' or the reorganized Debtors' option.

                About Penn Virginia Corporation

Based in Radnor, Pennsylvania, Penn Virginia Corporation is an
independent oil and gas company engaged in the exploration,
development and production of oil, NGLs and natural gas in various
domestic onshore regions of the United States, with a primary
focus
in the Eagle Ford Shale in South Texas.

Each of Penn Virginia Corporation, Penn Virginia Holding Corp.,
Penn Virginia MC Corporation, Penn Virginia MC Energy L.L.C., Penn
Virginia MC Operating Company L.L.C., Penn Virginia Oil & Gas
Corporation, Penn Virginia Oil & Gas GP LLC, Penn Virginia Oil &
Gas LP LLC and Penn Virginia Oil & Gas, L.P. filed a voluntary
petition under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Va.
Case Nos. 16-32395 to 16-32403, respectively) on May 12, 2016. The
petitions were signed by Seth R. Bullock as chief restructuring
officer.

The Debtors have engaged Kirkland & Ellis LLP as counsel, Kutak
Rock LLP as local counsel, Jefferies LLC as investment banker,
Alvarez & Marsal North America, LLC as restructuring advisor,
KPMG
LLP as tax advisor and Epiq Bankruptcy Solutions, LLC as notice,
claims and balloting agent.  PJT Partners is acting as financial
advisor and Milbank, Tweed, Hadley & McCloy LLP is acting as legal
advisor to the ad hoc committee of noteholders.  Opportune LLP is
acting as financial advisor and Bracewell LLP is acting as legal
advisor to Wells Fargo (as agent) and the RBL lenders.

Judge Keith L. Phillips has been assigned the cases.

The U.S. trustee for Region 4 has appointed five creditors of Penn
Virginia Corp. and its affiliates to serve on the official
committee of unsecured creditors.


PHENOMENOME DISCOVERIES: FTI Consulting to Sell Assets
------------------------------------------------------
The Court of Queen's Bench for Saskatchewan, in Canada, authorized
FTI Consulting Canada, the receiver for Phenomenome Discoveries
Inc. and Phenomenome Laboratory Services Inc., to initiate to
solicit interest in the Companies' assets pursuant to Section
243(1) of the Bankruptcy and Insolvency Act.

Further information regarding the sale procedures and other public
information concerning these proceeding can be found on the
receiver's website at http://cfcanada.fticonsulting.com/PDI/.
Information can also be obtained by contacting the receiver at:

   Brett Wilson
   FTI Consulting Canada Inc.
   in its capacity as receiver
   440-2rd Avenue SW, Suite 720
   Calgary, Alberta T2P 5E9
   Tel: (403) 454-6033
   Fax: (403) 232-6116
   Email: brett.wilson@fticonsulting.com

Based in Saskatchewan, Canada, Phenomenome Discoveries Inc. --
http://www.phenomenome.com-- is a global health research company.


PHOENIX BRANDS: Hires HunterPoint???s Furman as CRO
---------------------------------------------------
Phoenix Brands LLC, and its debtor-affiliates seek permission from
the U.S. Bankruptcy Court for the District of Delaware to employ
Peter A. Furman of HunterPoint, LLC, as Chief Restructuring
Officer, nunc pro tunc as of Petition Date.

The Debtor requires Mr. Furman with the assistance of HunterPoint
to:

     a. develop the Company's restructuring options and cash
requirements related thereto and implementation of any
restructuring;

     b. assist with minimizing cost associated with that process,
facilitate the Company's communication with parties-in-interest,
assist with creditor negotiations and assisting in such other
matters as the Board, management, or counsel to Phoenix may request
from time to time;

     c. review the Company's operations, include evaluating its
working capital management and requirements, operating process, and
overhead structure, as necessary to ensure the adequacy of cash
requirements including but not limited to operating costs, fees
(attorneys, financial advisors, etc.), critical vendor payments (if
any), interest expenses, ad other related costs;

     d. oversee the process for the sale of the "Rit" and "Laundry"
assets of the Company and the resolution of claims, if any,
asserted against the Company;

     e. assist with the preparation of business plans and financial
projections and analysis of alternative operating scenarios;

     f. assess operations and in consultation with the CEO
recommended and implement the restructuring of operations as
appropriate;

     g. monitor the orderly liquidation of terminated operations
(if any);

     h. consult with all other retained parties, and other
parties-in-interest;

     i. attend, as requested by the Company, meetings and
conference calls with Company management, legal & professional
representatives, and representatives of the Senior Secured and
other Lenders; and

     j. perform other tasks as appropriate as may reasonably be
requested by the Company's management or Company counsel.

HunterPoint has agreed to a flat weekly fee of $20,500 for
services, plus expenses.

HunterPoint has received $161,288.24 from the Debtors for services
performed and expenses incurred prior to the Petition Date.

In addition, HunterPoint has received, and continues to hold,
$85,818.69 as a retainer from the Debtors.

Peter A. Furman, Principal of HunterPoint LLC, does not represent
any interest adverse to the Debtors and their estates.

HunterPoint may be reached at:

      Peter A. Furman
      HunterPoint, LLC
      641 Lexington Avenue, 15th Floor
      New York, NY 10022
      Tel: (917)818-1315
      E-mail: pfurman@hunterpoint.com

                 About Phoenix Brands??????

Phoenix Brands LLC and its three affiliates sought protection under
Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for
the District of Delaware (Delaware) (Case Nos. 16-11242 to
16-11245) on May 19, 2016.? ? The petitions were signed by William
Littlefield, CEO and President.

??????The cases are assigned to Judge Brendan Linehan Shannon. A
motion for joint administration of the Chapter 11 cases is
pending.? ?

??????The Debtors tapped Pachulski Stang Ziehl & Jones LLP as
local???.


PHOENIX BRANDS: Hires Osler Hoskin as Canadian Counsel
------------------------------------------------------
Phoenix Brands LLC, and its debtor-affiliates seek permission from
the U.S. Bankruptcy Court for the District of Delaware to employ
Osler, Hoskin & Harcourt LLP as Canadian Counsel, nunc pro tunc to
May 19, 2016.

The professional services that Osler will render to the Debtors
include, but shall not be limited to, representing the Debtors'
interest in or in connection with proceedings in Canada involving
the Debtor and any of the Debtors??? operating in Canada, including
representing the Debtors in proceeding in Court and in connection
with the sale of Canadian assets and property, and any other
matters requiring the assistance of Canadian counsel.

Osler will be paid at these hourly rates:

     Tracey Sandler                   $885 (CAD)
     Shawn Irving                     $720 (CAD)
     Karin Sachar                     $585 (CAD)
     Joshua Hurwitz                   $445 (CAD)

Osler holds a retainer from the Debtors in the amount of CAD
$50,000.

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

Karin Sachar, associated with the firm Osler, Hoskin & Harcourt
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.

Osler may be reached at:

     Karin Sachar
     Osler, Hoskin & Harcourt LLP
     100 King Street west
     1 First Canadian Place
     Suite 6200, P.O. Box 50
     Toronto ON M5X 1B8
     Telephone: (416)862-4733
     Facsimile: (416)862-6666
     E-mail: ksachar@osler.com
          
                      About Phoenix Brands???

???Phoenix Brands LLC and its three affiliates sought protection
under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy
Court for the District of Delaware (Delaware) (Case Nos. 16-11242
to 16-11245) on May 19, 2016.? ? The petitions were signed by
William Littlefield, CEO and President.

??????The cases are assigned to Judge Brendan Linehan Shannon. A
motion for joint administration of the Chapter 11 cases is
pending.? ? ??????The Debtors tapped Pachulski Stang Ziehl & Jones
LLP as local???counsel; Houlihan Lokey as investment banker;
Getzler Henrich &???Associates LLC as financial advisor;
Hunterpoint LLP as CRO???provider; and Osler, Hoskin & Harcourt LLP
as Canadian Counsel. ??????

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



PHOENIX BRANDS: Hires Pachulski Stang as Co-Counsel
---------------------------------------------------
Phoenix Brands LLC, and its debtor-affiliates seek permission from
the U.S. Bankruptcy Court for the District of Delaware to employ
Pachulski Stang Ziehl & Jones LLP, as co-counsel, nunc pro tunc to
May 19, 2016.

The Debtor requires Pachulski to:

     a. provide legal advice regarding local rules, practices, and
procedure;

     b. review and comment on drafts of documents to ensure
compliance with local rules, practices, and procedures;

     c. file documents as requested by co-counsel and coordinating
with the Debtor's claims agent for service of documents;

     d. prepare agenda letters, certificates of no objection,
certifications of counsel, and notices of fee applications and
hearings;

     e. prepare hearing binders of documents and pleadings,
printing of documents and pleadings for hearings;

     f. appear in Court and at any meeting of creditors on behalf
of the Debtors in its capacity as co-counsel;

     g. monitor the docket for filing and coordinating with
co-counsel on pending matters that need responses;

     h. prepare and maintain critical dates memorandum to monitor
pending applications, motions, hearing dates and other matters and
the deadlines associated with the same; distribute critical dates
memorandum with co-counsel for review and any necessary
coordination for pending matters;

     i. handle inquires and calls from creditors and counsel to
interested parties regarding pending matters and the general status
of these Cases, and, to the extent required, coordinating with
co-counsel on any necessary responses; and

     j. provide additional administrative support to co-counsel, as
requested.

Pachulski will be paid at these hourly rates:

     Laura Davis Jones                $1,050
     Joseph M. Mulvihill              $425
     Karina Yee                       $325

Pachulski has received payments from the Debtors during the year
prior to the Petition Date in the amount of $96,868.00, including
the Debtors' aggregate filing fees for these cases, in connection
with its prepetition representation of the Debtors

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

Laura Davis Jones, Esq., partner in the law firm of Pachulski Stang
Ziehl & Jones 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.

Pachulski may be reached at:

        Laura Davis Jones, Esq.
        Joseph M. Mulvihill, Esq.
        Pachulski Stang Ziehl & Jones LLP
        919 North Market Street, 17th Floor
        P.O. Box 8705
        Wilmington, DE 19801
        Telephone: (302)652-4100
        Facsimile: (302)652-4400
        E-mail: ljones@pszjlaw.com
                jmulvihill@pszjlaw.com

                    About Phoenix Brands

??????Phoenix Brands LLC and its three affiliates sought protection
under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy
Court for the District of Delaware (Case Nos. 16-11242 to 16-11245)
on May 19, 2016.? ?

The petitions were signed by William Littlefield, CEO and
President. ??????The cases are assigned to Judge Brendan Linehan
Shannon. A motion for joint administration of the Chapter 11 cases
is pending.? ? ??????The Debtors tapped Pachulski Stang Ziehl &
Jones LLP as local???counsel; Houlihan Lokey as investment banker;
Getzler Henrich &???Associates LLC as financial advisor;
Hunterpoint LLP as CRO???provider; and Osler, Hoskin & Harcourt LLP
as Canadian Counsel.

??????The Debtor estimated both assets and liabilities in the range
of $10 million to $50 million.


PHOENIX MANUFACTURING: Affiliates Tap Jennings as Legal Counsel
---------------------------------------------------------------
Joined Alloys, LLC and DLS Precision Fab, LLC seek approval from
the U.S. Bankruptcy Court for the District of Arizona to hire
Jennings, Strouss and Salmon, P.L.C. as their legal counsel.

The companies are affiliates of Phoenix Manufacturing Partners LLC.
The court had earlier allowed Phoenix Manufacturing to hire the
firm as its legal counsel.

The Debtors tapped the firm to:

     (a) assist, advise and represent the Debtors in connection
         with the administration of their bankruptcy cases;

     (b) give advice about their powers and duties as debtors-in-
         possession;

     (c) attend meetings and negotiate with representatives of
         creditors and other parties;

     (d) take all necessary action to protect and preserve the
         Debtors' estates, including the prosecution of actions on

         their behalf, the defense of any actions commenced
         against the estates, negotiations concerning litigation
         in which the Debtors may be involved, and objections to
         claims filed against the estates;

     (e) prepare legal papers;

     (f) negotiate, solicit and obtain court approval on the
         Debtors' behalf plan of reorganization and take any
         necessary action to obtain confirmation of the plan; and

     (g) appear before the court and the U.S. trustee.

Jennings will be paid on an hourly basis and will receive
reimbursement for work-related expenses.  The standard hourly rates
for its attorneys range from $375 to $495.

The principal attorneys presently designated to represent the
Debtors and their hourly rates are:

     Bradley J. Stevens     $495
     Kami M. Hoskins        $375

Jennings is a "disinterested person" as defined in section 101(14)
of the Bankruptcy Code, according to court filings.

The firm can be reached through:

     Bradley J. Stevens
     bstevens@jsslaw.com
     Jennings, Strouss and Salmon, P.L.C.
     One East Washington Street, Suite 1900
     Phoenix, Arizona 85004-2554
     Telephone: (602) 262-5911
     Facsimile: (602) 495-2654

                   About Phoenix Manufacturing

Phoenix Manufacturing Partners LLC sought protection under Chapter
11 of the Bankruptcy Code in the District of Arizona (Phoenix)
(Case No. 16-04898) on May 3, 2016.  Its affiliates Joined Alloys,
LLC and DLS Precision Fab, LLC filed for Chapter 11 protection
(Case Nos. 16-06107 and 16-06109) on May 27, 2016.

The petitions were signed by Joe Yockey, president & managing
member.  The cases are jointly administered under Case No. 16-04898
and are assigned to

Phoenix Manufacturing estimated assets of $0 to $50,000 and
debts of $10 million to $50 million.

Joined Alloys and DLS Precision estimated both assets and
liabilities in the range of $1 million to $10 million.


RAFAEL BRAVO: July 19 Plan Confirmation Hearing Set
---------------------------------------------------
Judge Daniel P. Collins of the U.S. Bankruptcy Court for the
District of Arizona approved the disclosure statement explaining
Rafael Bravo's plan of reorganization and scheduled the hearing to
consider confirmation of the Plan for July 19, 2016, at 11:00 a.m.

The last day for filing with the Court written acceptances or
rejections of the Plan is fixed at five days prior to the
confirmation hearing date.  The last day for filing and serving
written objections to confirmation of the Plan is also fixed at
five days prior to the confirmation hearing date.

The confirmation hearing date is also the last date to file a
complaint objecting to the discharge of the debtor pursuant to
Sections 1141 and 727 of the Bankruptcy Code.

The bankruptcy case is IN RE RAFAEL BRAVO, In Proceedings Under
Chapter 11, Case Number 2:15-bk-02573-DPC (Bankr. D. Ariz.).

The Debtor is represented by:

          Blake D. Gunn, Esq.
          LAW OFFICE OF BLAKE D. GUNN
          P.O. Box 22146
          Mesa, Arizona 85277
          Telephone: (480) 270-5073
          Fax: 480-393-7162
          Email: Blake.Gunn@gunnbankruptcyfirm.com


REED EQUIPMENT: Seeks to Hire Harris Shelton as Counsel
-------------------------------------------------------
Reed Equipment Leasing, LLC seeks approval from the U.S. Bankruptcy
Court for the Western District of Tennessee to hire Harris Shelton
Hanover Walsh, PLLC as its legal counsel.

The Debtor tapped the firm to:

     (a) give advice about its powers and duties as debtor-in-
         possession;

     (b) assist the Debtor in the preparation of its statement of
         financial affairs, schedules and other papers that it is
         required to file;

     (c) represent the Debtor in any proceeding that is instituted

         to reclaim property or obtain relief from the automatic
         stay imposed by Section 362 of the Bankruptcy Code or
         that seeks the turnover or recovery of property;

     (d) advise the Debtor about the formulation, negotiation and
         confirmation of a plan of reorganization;

     (e) give advice and assist in any investigation of the
         assets, liabilities and financial condition of the
         Debtor;

     (f) represent the Debtor at hearings;

     (g) prosecute and defend litigation matters;

     (h) advise the Debtor about the assumption or rejection of
         its executory contracts and leases;

     (i) represent the Debtor in matters that may arise in
         connection with its business operations, financial and
         legal affairs, and dealings with creditors;

     (j) advise the Debtor about general corporate and litigation
         issues relating to the bankruptcy cases, including health

         care, real estate, securities, corporate finance, tax and

         commercial matters.

Harris Shelton will bill at an hourly rate of $350 for partners,
$175 for associates and $65 for paraprofessionals. The current
hourly rates for the bankruptcy attorneys and paraprofessionals
with primary responsibility for this matter are:

     Steven N. Douglass    $350
     Pablo Varela          $175

Aside from professional fees, Harris Shelton will also receive
reimbursement for work-related expenses.

Mr. Douglass disclosed in a court filing that it does not represent
any interest adverse to the Debtors and is capable of fulfilling
its fiduciary duty.     

The firm can be reached through:

     Steven N. Douglass
     Harris Shelton Hanover Walsh, PLLC
     40 S. Main Street, Suite 2700
     Memphis, TN 38103-2555
     Tel: (901) 525-1455
     E-mail: snd@harrisshelton.com

                      About Reed Equipment

Reed Equipment Leasing, LLC sought protection under Chapter 11
of the Bankruptcy Code in the Western District of Tennessee
(Jackson) (Case No. 16-10880) on May 3, 2016.  

The petition was signed by John R. Reed, chief manager.  The
case is assigned to Judge Jimmy L. Croom.

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


REO HOLDINGS: Hires Strawn & Edwards as Attorney
------------------------------------------------
REO Holdings, LLC seeks authorization from the U.S. Bankruptcy
Court for the Middle District of Tennessee to employ Thomas H
Strawn and the Law Firm of Strawn & Edwards, PLLC as attorney.

The Debtor requires Strawn & Edwards to:

   (a) advise the Debtor as to his rights, duties and powers as
       Debtor-in- Possession;

   (b) prepare and file the statements, schedules, plans, and
       other documents and pleadings necessary to be filed by the
       Debtor in this proceeding;

   (c) represent the Debtor at all hearings, meetings of
       creditors, conferences, trials and any other proceedings in

       this case; and

   (d) perform such other legal services as may be necessary in
       connection with this case.

Strawn & Edwards will be paid at these hourly rates:

       Thomas H. Strawn            $285
       Associate Attorneys         $200
       Paralegals                  $85

Strawn & Edwards will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Strawn & Edwards received an initial retainer fee in this
proceeding in the amount of $7,500, the source of which is from a
wire transfer from the Debtor.

Thomas H. Strawn 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.

The Bankruptcy Court will hold a hearing on the application on June
28, 2016, at 9:00 a.m.  Objections, if any, are due June 17, 2016.

Strawn & Edwards can be reached at:

       Thomas H. Strawn, Esq.
       LAW FIRM OF STRAWN & EDWARDS, PLLC
       314 North Church Avenue
       Dyersburg, TN 38024
       Tel: (731)285-3375
       Fax: (731) 285-3392
       E-mail: tstrawn42@bellsouth.net

REO Holdings, LLC, filed a Chapter 11 bankruptcy petition (Bankr.
W.D. Tenn. Case No. 16-10414) on February 29, 2016.  The Debtor is
represented by Thomas Harold Strawn Jr., Esq.



RICHARD CORP: Hires Stichter Riedel as Counsel
----------------------------------------------
The Richard Corporation, d/b/a Moon Plumbing, d/b/a Moon Septic,
seeks permission from the U.S. Bankruptcy Court for the Middle
District of Florida to employ Stichter, Riedel, Blain & Postler,
P.A. as counsel for the Debtor in possession.

The Debtor requires Stichter Riedel to:

     a. render legal advice with respect to the Debtor's powers and
duties as Debtor in possession, the continued operation of the
Debtor's business, and the management of its property;

     b. prepare on behalf of the Debtor necessary motions,
applications, orders, reports, pleadings, and other legal papers;

     c. appear before this Court and the United States Trustee to
represent and protect the interest and protect the interest of the
Debtor;

     d. assist with and participate in negotiations with creditors
and other parties in interest in formulation and exit for the
Debtor in this case, whether through a sale or by way of plan of
reorganization, drafting such a plan and related disclosure
statement, and taking necessary legal steps to confirm such a
plan;

     e. represent the Debtor in all adversary proceedings,
contested matters, and matters involving administration of this
case;

     f. represent the Debtor in negotiations with potential
financing sources and preparing contracts, security instruments, or
other documents necessary to obtain financing; and

     g. perform all other legal services that may be necessary for
the proper preservation and administration of this Chapter 11
case.

The Debtor has agreed to compensate Stichter Riedel on an hourly
basis in this case in accordance with Stichter Riedel's ordinary
and customary rates which are in effect on the date the services
are rendered, subject only to approval of this Court. The Debtor
understands that Stichter Riedel's hourly rates are subject to
periodic adjustments to reflect economic and other conditions.

Stichter Riedel received the sum of $30,000 from the Debtor on
account of prepetition services related to this case and as a
retainer for postpetition services.

Stichter Riedel will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Edward J. Peterson, attorney with the firm Stichter, Riedel, Blain
& Postler, P.A., 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.

Stichter Riedel may be reached at:

      Edward J. Peterson, Esq.
      Stichter, Riedel, Blain & Postler, P.A.
      110 East Madison Street, Suite 200
      Tampa, FL 33602
      Tel: (813)229.0144
      Fax: (813)229.1811
      E-mail: epeterson@srbp.com

Cape Coral, Florida-based The Richard Corporation, dba Moon
Plumbing and Moon Septic, filed a Chapter 11 petition (Bankr. M.D.
Fla. Case No. 16-04612) on May 27, 2016.  The Hon. Caryl E. Delano
presides over the case.  Edward J. Peterson, III, Esq., at
STICHTER, RIEDEL, BLAIN & POSTLER, P.A., serves as counsel to the
Debtor.  In its petition, the Debtor estimated under $50,000 in
assets and $1 million to $10 million in liabilities.  The petition
was signed by Richard J. Katz, president.


RICHARD CORP: Hires Tuscan as Financial Advisors & Accountants
--------------------------------------------------------------
The Richard Corporation, d/b/a Moon Plumbing, d/b/a Moon Septic
seeks permission from the U.S. Bankruptcy Court for the Middle
District of Florida to employ Tuscan & Company, P.A. as financial
advisors and accountants, nunc pro tunc to May 27, 2016.

The Debtor requires Tuscan & Company, P.A. to:

     a. provide accounting services to the Debtor in connection
with this Chapter 11 case and the Debtor's emergence from Chapter
11 as required by the Debtor from time to time;

     b. prepare of federal, state and county tax returns;

     c. provide litigation support and testimony, if necessary,
including the performance of a forensic analysis of financials;

     d. assist the Debtor???s reporting requirements;

     e. provide expert testimony, if necessary; and

     f. perform other functions as requested by the Debtor or its
counsel.

Tuscan & Company, P.A. will be paid at these hourly rates:

     Professionals                     $230
     Staff                             $80

Tuscan & Company, P.A. will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Jeffrey Tuscan, accountant employed by the firm of Tuscan &
Company, P.A., 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.

Tuscan & Company, P.A. may be reached at:

     Jeffrey Tuscan, CPA
     Tuscan & Company, P.A.
     12621 World Plaza Lane, Building 55
     Fort Myers, FL 33907
     Tel: (239)333-2090
     Fax: (239)333-2097
     E-mail: jtuscan@tuscancpa.com

Cape Coral, Florida-based The Richard Corporation, dba Moon
Plumbing and Moon Septic, filed a Chapter 11 petition (Bankr. M.D.
Fla. Case No. 16-04612) on May 27, 2016.  The Hon. Caryl E. Delano
presides over the case.  Edward J. Peterson, III, Esq., at
STICHTER, RIEDEL, BLAIN & POSTLER, P.A., serves as counsel to the
Debtor.  In its petition, the Debtor estimated under $50,000 in
assets and $1 million to $10 million in liabilities.  The petition
was signed by Richard J. Katz, president.


RICHARD PROSKE: Unsecureds to Get 100% Under Plan
-------------------------------------------------
Richard Proske filed with the U.S. Bankruptcy Court for the
Southern District of Texas, Houston Division, a third amended
disclosure statement and plan of reorganization proposing to pay
100% of the allowed unsecured claims.

Based on the proofs of claim currently filed with the bankruptcy
court, the total amount of unsecured claims is $12,282.  The Debtor
will pay an estimated $128 per month for 96 months towards
unsecured claims. The payments will be allocated pro-rata among all
unsecured creditors.  Payments to unsecured creditors will start on
August 5, 2016.

A full-text copy of the Third Amended Disclosure Statement dated
June 2, 2016, is available at
http://bankrupt.com/misc/txsb-15-31278-128.pdf

The bankruptcy case is In re: RICHARD PROSKE, Debtor, Case No.
15-31278-H2-11 (Bankr. S.D. Tex.).

The Debtor is represented by:

          Reese Baker, Esq.
          BAKER & ASSOCIATES
          5151 Katy Freeway, #200
          Houston, Texas 77007
          Tel: (713) 869-9200
          Fax: (713) 869-9100


RIVERSIDE PLAZA: Hires Tracy Cross as Leasing Consultant
--------------------------------------------------------
Riverside Plaza Developers LLC, seeks authority from the U.S.
Bankruptcy Court for the Northern District of Illinois to employ
Tracy Cross & Associates, Inc. as residential leasing consultant to
the Debtor.

Riverside Plaza requires Tracy Cross to:

   (a) serve as one of the Debtor's expert witness and as its
       residential leasing consultant in connection with
       responding to the Stay Motion and in support of the
       Debtor's plan of reorganization;

   (b) provide market-based insights and conclusions relative to
       the competitive positioning of the Property;

   (c) outline relevant changes in the market place, rental
       strategies, and insights regarding the Debtor's ability to
       sustain levels of occupancy with respect to the
       residential leasing activity at the Property; and

   (d) testify in Court regarding the matters stated in par. a to
       c.

Tracy Cross will be paid at these hourly rates:

     Tracy Cross                   $345

Tracy Cross will be paid a retainer in the amount of $4,200.

Tracy Cross will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Tracy Cross, owner of Tracy Cross & Associates, Inc., 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.

Tracy Cross can be reached at:

     Tracy Cross
     TRACY CROSS & ASSOCIATES, INC.
     1920 N. Thoreau Drive, Suite 150
     Schaumburg, IL 60173
     Tel: (847) 925-5400
     Fax: (847) 925-5415

                      About Riverside Plaza

Riverside Plaza Developers, LLC, based in North Barrington,
Illinois, filed for Chapter 11 bankruptcy (Bankr. N.D. Ill. Case
No. 16-08747) on March 14, 2016. Riverside Plaza Developers
indicated in its petition that it is a Single Asset Real Estate
debtor.

Judge Jack B. Schmetterer presides over the case. The Debtor is
represented by Neal L Wolf, Esq., at TETZLAFF LAW OFFICES, LLC.

The petition was signed by Mary Christine Misik, manager.


ROADRUNNER ENTERPRISES: Taps Adams Jenkins as Accountant
--------------------------------------------------------
Roadrunner Enterprises, Inc. seeks authorization from the U.S.
Bankruptcy Court for the Eastern District of Virginia to employ
Adams, Jenkins & Cheatham, PC as accountant.

The Debtor seeks to engage Adams Jenkins as an accountant for the
purposes of preparation of the Debtors??? tax returns.

Adams Jenkins anticipates charging the Debtor a flat fee of $5,500
per year for preparation of the tax returns for the Debtor, Carl
Adenauer and Diana Adenauer. For any unforeseen complications,
Adams Jenkins would charge on an hourly basis at the following
rates:

       William Johnston, Associate         $160
       Sharon Cheatham, Manager            $325
       Frank E. Jenkins, Jr., Partner      $495

Adams Jenkins will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Frank E. Jenkins, Jr., partner of Adams Jenkins, 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.

Adams Jenkins can be reached at:

       Frank E. Jenkins, Jr.
       ADAMS, JENKINS & CHEATHAM, LP
       231 Wylderose Dr
       Midlothian, VA 23113
       Tel: (804) 419-0555
       E-mail: fjenkins@ajccpas.com

                 About Roadrunner Enterprises

Headquartered in Chesterfield County, Virginia, Roadrunner
Enterprises Inc. owns the Roadrunner Campground and more than 70
rental properties, lots, and other real estate interests.

Roadrunner Enterprises filed for Chapter 11 bankruptcy protection
(Bank. E.D. Va. Case No. 15-30604) on Feb. 6, 2015.  The petition
was signed by Carl Adenauer, president.  David K. Spiro, Esq., at
Hirschler Fleischer, P.C., serves as the Debtor's counsel.  Judge
Kevin R. Huennekens presides over the case.  The Debtor estimated
assets and liabilities of at least $10 million.



ROCKWELL MEDICAL: Ronald Boyd Reelected as Director
---------------------------------------------------
Rockwell Medical, Inc., held its annual meeting of shareholders on

June 2, 2016, at which the shareholders (1) reelected Ronald D.
Boyd as director for a term expiring in 2019, (2) did not approve
the Company's 2016 Long Term Incentive Plan, and (3) ratified the
selection of Plante & Moran, PLLC as the Company's independent
registered public accounting firm for 2016.

                       About Rockwell

Rockwell Medical, Inc. (Nasdaq: RMTI), headquartered in Wixom,
Michigan, is a fully-integrated biopharmaceutical company
targeting end-stage renal disease ("ESRD") and chronic kidney
disease ("CKD") with innovative products and services for the
treatment of iron deficiency, secondary hyperparathyroidism and
hemodialysis (also referred to as "HD" or "dialysis").

Rockwell's lead investigational drug is in late stage clinical
development for iron therapy treatment in CKD-HD patients.  It is
called Soluble Ferric Pyrophosphate ("SFP").  SFP delivers iron to
the bone marrow in a non-invasive, physiologic manner to
hemodialysis patients via dialysate during their regular dialysis
treatment.

Rockwell Medical reported a net loss of $14.4 million on $55.35
million of sales for the year ended Dec. 31, 2015, compared to a
net loss of $21.3 million on $54.2 million of sales for the year
ended Dec. 31, 2014.  The Company also reported a net loss of $48.8
million for the year ended Dec. 31, 2013.

As of March 31, 2016, Rockwell had $89.09 million in total assets,
$8 million in total liabilities, all current, $20.9 million in
deferred license revenue, and $60.2 million in total shareholders'
equity.


ROYWELL SERVICES: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Roywell Services, Inc.
        P. O. Box 1329
        Bellaire, TX 77402-1329

Case No.: 16-60070

Nature of Business: Oil and Gas

Chapter 11 Petition Date: June 6, 2016

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

Judge: Hon. David R Jones

Debtor's Counsel: Vianey Garza, Esq.
                  CAGE HILL NIEHAUS, LLP
                  5851 San Felipe, Ste 950
                  Houston, TX 77057
                  Tel: 713-789-0500
                  E-mail: vgarza@cagehill.com

                    - and -

                  Theresa D Mobley, Esq.
                  CAGE HILL NIEHAUS, LLP
                  5851 San Felipe, Ste 950
                  Houston, TX 77057
                  Tel: 713-789-0500
                  Fax: 713-974-0344
                  E-mail: tmobley@cagehill.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by John D. McLain, president.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/txsb16-60070.pdf


ROYWELL SERVICES: Files for Bankruptcy With Deal to Sell to Lender
------------------------------------------------------------------
Roywell Services, Inc. sought protection under Chapter 11 of the
Bankruptcy Code on June 6, 2016, estimating assets in the range of
$1 million to $10 million and liabilities of up to $50 million.
The petition was signed by John D. McLain as president.

Headquartered in Houston, Texas, the Debtor was formed in 1965 and
operated as a small oilfield cementing company.  Subsequently, the
Company expanded and improved its facilities and began providing
acid blending and related services to its customers in the oil and
gas industry.

Mr. McLain said that Roywell's profits had suffered significantly
during the past year due to the unexpected downturn in the oil and
gas industry.  He added that Roywell actively and diligently sought
investments from third parties and hired an investment banker to
market its business or assets.  However, with the unprecedented
decrease in oil and gas prices and the unforeseen overall downturn
in the oil and gas industry, the Company was unable to find
investors who were willing to contribute funds necessary to keep it
from ceasing operations and releasing its remaining employees.

Despite cutting operational costs by reducing its employees from
337 in November 2014 to 78 in January 2016 and shutting down its
sand hauling operations in 2015, the Company continued to lose
significant amount of money necessitating the filing of the Chapter
11 case.

The Debtor has tentatively entered into a sale agreement with
Roywell LLC, its secured creditor and proposed DIP Lender, acting
as the stalking horse.  The Debtor proposes bid procedures to sell
substantially all of its equipment, inventory, and business
good-will as a going concern at auction.

Contemporaneously with the petition, the Debtor filed first day
motions seeking authority to, among other things, maintain existing
cash management system, pay employee obligations and use cash
collateral.

Cage, Hill & Niehaus, LLP represents the Debtor as counsel.

The case is assigned to Judge David R Jones.


RYAN D. MULDER: July 18 Disclosure Statement Hearing Set
--------------------------------------------------------
Judge Scott W. Dales of the U.S. Bankruptcy Court for the Western
District of Michigan will convene a hearing on July 18, 2016, at
9:30 a.m., to consider approval of the disclosure statement
explaining Ryan D. Mulder's plan of reorganization.

Objections to the Disclosure Statement must be filed at least two
days prior to the hearing.

The bankruptcy case is IN RE: Ryan D. Mulder, Case Number
15-90372-swd (Bankr. W.D. Mich.).

The Debtor is represented by:

          Timothy C. Quinnell, Esq.
          OSSTYN, FERNS & QUINNELL LLP
          419 W. Washington St.
          Marquette, MI 49855


SANDRIDGE ENERGY: Two More Creditors Appointed to Committee
-----------------------------------------------------------
The Office of the U.S. Trustee on June 7 appointed two more
creditors of SandRidge Energy, Inc., to serve on the official
committee of unsecured creditors.

The unsecured creditors are:

     (1) Select Energy Services, LLC
         Attn: Randy Friedsam
         1400 Post Oak Blvd., Suite 400
         Houston, TX 77056
         Tel. 713-296-1032
         Fax 713-296-1095
         Email: rfriedsam@selectenergyservices.com
         
         Counsel: Dore Law Group, PC
         Kim Lewinski, Esq.
         17171 Park Row, Suite 160
         Houston, TX 77084
         Tel. 281-829-1555
         Fax 281-200-0751
         Email: klewinski@dorelawgroup.net

     (2) Basic Energy Services, LP
         Attn: Darci Graves
         801 Cherry St., Suite 2100
         Fort Worth, TX 76102
         Tel. 817-334-4131
         Fax 866-682-1779
         Email: darci.graves@basicenergyservices.com

         Counsel: Dore Law Group, PC
         Kim Lewinski, Esq.
         17171 Park Row, Suite 160
         Houston, TX 77084
         Tel. 281-829-1555
         Fax 281-200-0751
         Email: klewinski@dorelawgroup.net

The bankruptcy watchdog had earlier appointed Wells Fargo Bank
N.A., Wilmington Trust N.A., and PowerSecure Inc., court filings
show.

                      About SandRidge Energy

SandRidge Energy, Inc. (OTC PINK: SDOC) --
http://www.sandridgeenergy.com/-- is an oil and natural gas  
exploration and production company headquartered in Oklahoma City,
Oklahoma, with its principal focus on developing high-return,
growth-oriented projects in the U.S. Mid-Continent and Niobrara
Shale.

SandRidge Energy, Inc. and 24 of its subsidiaries each filed a
voluntary petition under Chapter 11 of the Bankruptcy Code (Bankr.
S.D. Tex. Lead Case No. 16-32488) on May 16, 2016.  The petitions
were signed by Julian M. Bott as chief financial officer.

The Debtors have hired Kirkland & Ellis LLP as general bankruptcy
counsel, Zack A. Clement PLLC as local counsel, Houlihan Lokey
Capital, Inc. as financial advisor, Alvarez & Marsal Holdings, LLC
as restructuring advisor and Prime Clerk LLC as claims and noticing
agent.

The cases are assigned to Judge David R Jones.


SEARS HOLDINGS: Files 2015 Conflict Minerals Report
---------------------------------------------------
Sears Holdings Corporation filed with the Securities and Exchange
Commission its Conflict Minerals Report for the calendar year
ending Dec. 31, 2015.

As it relates to the Reasonable Country of Origin Inquiry
contemplated by Rule 13p-1, the Tier 1 Suppliers of the Operating
Companies were engaged to collect information regarding the
presence and sourcing of gold, tantalum, tin and tungsten used in
the proprietary/private label and exclusive products procured by
one or more of the Operating Companies for retail sale.  The
Operating Companies utilized the Electronic Industry Citizenship
Coalition and Global e-Sustainability Initiative Conflict Minerals
Due Diligence Template developed by the Conflict-Free Sourcing
Initiative for data collection.  Information was collected and
stored using an online platform.  

For the period of this CMR, the Operating Companies accepted
Suppliers' completed, product level, CMRT???s covering each of
their Products.  The Operating Companies do not influence the
manufacturing process for many of their proprietary/private label
or exclusive Products procured for retail sale.  As such those
Suppliers or their individual Products, as applicable, were
reviewed, using the RILA (defined below) decision tree, over the
span of the reporting period for exclusion from the RCOI process.

A full-text copy of the Conflict Minerals Report is available at:

                       https://is.gd/He0ZMI

                           About Sears

Sears Holdings Corporation (NASDAQ: SHLD) --
http://www.searsholdings.com/-- is an integrated retailer focused
on seamlessly connecting the digital and physical shopping
experiences to serve members.  Sears Holdings is home to Shop Your
Waytm, a social shopping platform offering members rewards for
shopping at Sears and Kmart as well as with other retail partners
across categories important to them.

The Company operates through its subsidiaries, including Sears,
Roebuck and Co. and Kmart Corporation, with more than 2,000 full-
line and specialty retail stores in the United States and Canada.

Kmart Corporation and 37 of its U.S. subsidiaries filed voluntary
Chapter 11 petitions (Bankr. N.D. Ill. Lead Case No. 02-02474) on
Jan. 22, 2002.  Kmart emerged from chapter 11 protection on May 6,
2003, pursuant to the terms of an Amended Joint Plan of
Reorganization.  Skadden, Arps, Slate, Meagher & Flom, LLP,
represented Kmart in its restructuring efforts.  Its balance sheet
showed $16,287,000,000 in assets and $10,348,000,000 in debts when
it sought chapter 11 protection.

Kmart bought Sears, Roebuck & Co., for $11 billion to create the
third-largest U.S. retailer, behind Wal-Mart and Target, and
generate $55 billion in annual revenues.  Kmart completed its
merger with Sears on March 24, 2005.

Sears Holdings reported a net loss of $1.12 billion on $25.14
billion of revenues for the year ended Jan. 30, 2016, compared to a
net loss of $1.81 billion on $31.19 billion of revenues for the
year ended Jan. 31, 2015.

As of April 30, 2016, Sears Holdings had $11.2 billion in total
assets, $13.5 billion in total liabilities, and a total deficit of
$2.36 billion.

                            *     *     *

Moody's Investors Service in January 2014 downgraded Sears
Holdings Corporate Family Rating to 'Caa1' from 'B3'.  The rating
outlook is stable.

The downgrade reflects the accelerating negative performance of
Sears' domestic business with comparable sales falling 7.4% for
the quarter to date ending January 6th, 2014 compared to the prior
year.  The company now expects domestic Adjusted EBITDA to decline
to a range of ($80 million) to $20 million for the fourth fiscal
quarter, compared with $365 million in the year prior period.  For
the full year, Sears expects domestic Adjusted EBITDA loss between
$(308) million and $(408) million, as compared to $557 million
last year.  Moody's expects full year cash burn (after capital
spending, interest and pension funding) to be around $1.2 billion
in 2013 and we expect Sears' cash burn to remain well above $1
billion in 2014.  "Operating performance for fiscal 2013 is
meaningfully weaker than our previous expectations, and we expect
negative trends in performance to persist into 2014" said Moody's
Vice President Scott Tuhy.  He added "While Sears noted improved
engagement metrics for its "Shop Your Way" Rewards program,
Moody's remains uncertain when these improved engagement metrics
will lead to stabilization of operating performance."

As reported by the TCR on March 26, 2014, Standard & Poor's
Ratings Services affirmed its ratings on the Hoffman Estate, Ill.-
based Sears Holdings Corp., including the 'CCC+' corporate credit
rating.

Fitch Ratings had downgraded its long-term Issuer Default Ratings
(IDR) on Sears Holdings Corporation (Holdings) and its various
subsidiary entities (collectively, Sears) to 'CC' from 'CCC',
according to a TCR report dated Sept. 12, 2014.


SEVENTY SEVEN: Case Summary & 30 Largest Unsecured Creditors
------------------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

       Debtor                                      Case No.
       ------                                      --------
       Seventy Seven Finance Inc.                  16-11409
          aka Chesapeake Oilfield Finance, Inc.  
       777 N.W. 63rd Street
       Oklahoma City, OK 73118

       Seventy Seven Energy Inc.                   16-11410

       Seventy Seven Operating LLC                 16-11411

       Great Plains Oilfield Rental, L.L.C.        16-11412

       Seventy Seven Land Company LLC              16-11413

       Nomac Drilling, L.L.C.                      16-11414

       Performance Technologies, L.L.C.            16-11415

       PTL Prop Solutions, L.L.C.                  16-11416

       SSE Leasing LLC                             16-11417

       Keystone Rock & Excavation, L.L.C.          16-11418

       Western Wisconsin Sand Company, LLC         16-11419

Nature of Business: Seventy Seven is a diversified oilfield
services company providing a wide range of wellsite services and
equipment to domestic land-based exploration and production
customers.  Its services include drilling, hydraulic fracturing and
oilfield rentals.  Seventy Seven has a marketed rig fleet of 92
all-electric drilling rigs and owns 13 hydraulic fracturing fleets
and a diversified oilfied rentals business.

Chapter 11 Petition Date: June 7, 2016

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

Judge: Hon. Laurie Selber Silverstein

Debtors' General
Bankruptcy Counsel:         Emanuel C. Grillo, Esq.
                            Christopher Newcomb, Esq.
                            BAKER BOTTS LLP
                            30 Rockefeller Plaza
                            New York, New York 10112
                            Tel: (212) 892-4000
                            E-mail: emanuel.grillo@bakerbotts.com
                                   chris.newcomb@bakerbotts.com



Debtors'
Co-Counsel:                 Robert J. Dehney, Esq.
                            Andrew R. Remming, Esq.
                            MORRIS, NICHOLS, ARSHT & TUNNELL LLP
                            1201 N. Market St., 16th Flr.
                            PO Box 1347
                            Wilmington, DE 19899-1347
                            Tel: (302) 658-9200
                            Fax: (302) 658-3989
                            E-mail: rdehney@mnat.com
                                    aremming@mnat.com

Debtors'                    
Investment
Banker:                     LAZARD FRERES & CO. LLC

Debtors'                    
Restructuring
Advisor:                    ALVAREZ & MARSAL

Debtors'                    
Claims,
Notice and
Balloting
Agent:                      PRIME CLERK LLC

Total Assets: $1.77 billion

Total Liabilities: $1.72 billion

The petitions were signed by Cary Baetz, chief financial officer.

Seventy Seven Finance's 30 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
The Bank of New York Mellon         6.625% Senior    $650,000,000
Trust Company, N.A.                Notes Due 2019
As Indenture Trustee
2 North Lasalle Street
Suite 1020
Chicago IL 60602
Attn: Corporate Trust Department
Tel: 312-827-8500
Fax: 312-827-8542

Wells Fargo Bank, National          6.50% Senior     $450,000,000
Association as Indenture Trustee   Notes Due 2022
710 N. Saint Paul Place
Suite 1750
Dallas TX 75201
Attn: Patrick Giordano
Fax: 214-756-7401

Nalco Company                       Trade Payable      $10,778,541
1601 W. Diehl Road
Naperville IL 60563-1198
Attn: President/General Counsel
Tel: 630-305-1000
Fax: 630-305-2900

National Oilwell Varco US Rig       Trade Payable      $3,062,496
7909 Parkwood Circle DR.
Houston TX 77036
Attn: Craig L. Weinstock, SVP
General Counsel
Tel: 713-375-3700
Fax: 713-375-3994

Simons Petroleum LLC                Trade Payable      $3,005,942
210 Park Ave
Suite 1800
Oklahoma City OK 73102
Attn: President/General Counsel
Tel: 405-848-3500
Fax: 405-848-3508
E-mail: Collections@pilotthomas.com

Woolslayer Companies Inc.           Trade Payable      $1,037,151
5416 S Yale Avenue
Suite 500
Tulsa OK 74135
Attn: Thomas L. Wingerter
President/CEO
Tel: 918-523-9191
Fax: 918-523-0854
E-mail: sales@lcm-wci.com

Superior Silica Sands LLC           Trade Payable        $993,764
6000 Western Place
Suite 465
Fort Worth TX 76107
Attn: Rick Shearer
Chief Executive Officer
Tel: 817-841-8070
Fax: 888-446-5677
E-mail: info@sssand.com

Vallourec Drilling Products US      Trade Payable        $822,201
6300 Navigation Blvd.
Houston TX 77011
Attn: President/General Counsel
Tel: 713-844-3700
Fax: 713-926-7103
E-mail: sales.driling-products.na@vallourec.com

Valtek Industries Inc.              Trade Payable        $692,187
2120 West 44th Street
Odessa TX 79764
Attn: President/General Counsel
Tel: 432-339-8481
Fax: 866-467-4427

Alta Rig Systems Inc.               Trade Payable         $637,817
9141-35 Ave
Edmonton AB T6E 5Y1 Canada
Attn: President/General Counsel
Tel: 780-440-6630
Fax: 780-440-6631
E-mail: info@altarig.com

Fairmount Santrol                   Trade Payable         $610,950
3 Sugar Creek Center Blvd
Suite 550
Sugar Land TX 77478
Attn: Don Betzold
Tel: 713-234-5450
E-mail: infor@altarig.com

Kalyn Siebert                       Trade Payable         $475,996
1505 West Main Street
Gatesville TX 76528
Attn: President/General Counsel
Tel: 254-248-3334
Fax: 254-865-7234
E-mail: ks_sales_inquiry@kalytx.com

Kemper Valve & Fittings Corp        Trade Payable         $415,146
3001 Darrell Road
Island Lake IL 60042
Attn: Joe Kemper
President/CEO
Tel: 847-526-2166
Fax: 847-526-2241
E-mail: invoicing@kempervalve.com

Dealers Electrical Supply           Trade Payable         $414,770
2320 Columbus Ave
Waco TX 76701
Attn: Scott Bracey
President
Tel: 254-756-7251
Fax: 254-756-0133
E-mail: newberg@dealerselectrical.com

Tilley Pressure Test Inc.           Trade Payable         $385,335
5201 N Hwy 81
Duncan OK 73533
Attn: Brian Stewart
Chief Operating Officer
Tel: 580-470-9492
Fax: 580-470-8378
E-mail: brian@gotilley.com

Horn Equipment Co Inc.              Trade Payable         $344,288
131 N. Sunnylane Road
PO Box 6145
Moore OK 73153
Attn: President/General Counsel
Tel: 405-793-9101
Fax: 405-799-8735
E-mail: rep@hornequip.com

U S Silica Company                  Trade Payable         $306,777
8490 Progress DR, Suite 300
Frederick MD 21701
Attn: Christine Marshall,
General Counsel
Tel: 301-682-0304
Fax: 301-682-0691
E-mail: communications@ussilica.com

Trinity Industries Leasing Co.      Trade Payable         $306,689
2525 Stemmons Freeway
Dallas TX 75207
Attn: S. Theis Rice
SVP Chief Legal Officer
Tel: 214-631-4420
Fax: 214-589-8810
E-mail: theis.rice@trin.net

Dnow LP                             Trade Payable         $260,706
7402 N. Eldridge PKWY
Houston TX 77401-1902
Attn: President/General Counsel
Tel: 281-823-4700
Fax: 713-237-3300
E-mail: ap@dnow.com

Capgemini US LLC                    Trade Payable         $259,812
623 Fifth Avenue
33rd Floor
New York NY 10022
Attn: President/General Counsel
Tel: 212-314-8000
Fax: 212-314-8001

Quality Industrial Construction     Trade Payable         $225,173

Elwood Staffing Services Inc.       Trade Payable         $224,096
E-mail: info@elwoodstaffing.com

DFW Heavy Duty Parts                Trade Payable         $223,887
E-mail: mwhite@dfwhd.com;
       ballen@dfwhd.com;
       jharper@dfwhd.com

J-MAC Tool Inc.                     Trade Payable         $223,651
E-mail: jack.srz@jmactool.com;
       janet@jmactool.com

Univar USA Inc.                     Trade Payable         $217,231

Aberdeen Dynamics                   Trade Payable         $198,640
E-mail: sales@aberdeendynamics.com;
       support@aberdeendyamics.com

Ernst and Young LLP                 Trade Payable         $194,216

Watco Companies LLC                 Trade Payable         $180,154
E-mail: crichey@watcocompanies.com.;
       ar@watcocompanies.com

Holt Cat Ltd.                       Trade Payable         $179,123

Warren CAT                          Trade Payable         $178,013


SEVENTY SEVEN: Expects Prepack Case Done in 60 Days
---------------------------------------------------
Seventy Seven Energy Inc. on June 7, 2016, disclosed that it has
filed a pre-packaged plan of reorganization under Chapter 11 of the
U.S. Bankruptcy Code in the United States Bankruptcy Court for the
District of Delaware.  As previously announced, the Company's
pre-packaged plan provides for a substantial deleveraging
transaction pursuant to which approximately $1.1 billion of the
Company's outstanding debt will be converted to equity.  The
Chapter 11 reorganization is expected to conclude within 60 days.

The filing follows the completion of the solicitation process,
which began on May 9 of (i) lenders representing the Company's
Incremental Term Supplement (Tranche A) loan, (ii) lenders
representing the Company's $400 Million Term Loan Credit Agreement
dated June 25, 2014, (iii) noteholders of the Company's 6.625%
senior unsecured notes due 2019 and (iv) noteholders of the 6.50%
senior unsecured notes due 2022.  The solicitation process resulted
in overwhelming approval of the pre-packaged plan presented by the
Company.

"The successful completion of the solicitation process and today's
filing represent the next step forward in our financial
restructuring," Chief Executive Officer Jerry Winchester said.
"The support of all of our stakeholders will allow our Company to
expedite the reorganization process and maximize our operational
strengths and assets to grow our business as the market recovers."

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.

The Company has set up a toll-free information line to answer
questions about the restructuring.  The information line can be
accessed by calling 844-224-1136 (internationally 1-917-962-8386).
The Company has also posted FAQs on its website at
77NRG.com/Restructuring/

                About Seventy Seven Energy Inc.

Headquartered in Oklahoma City, Seventy Seven Energy Inc. (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 related on May 23, 2016, that S&P
Global Ratings lowered its corporate credit rating on SSE to D from
CCC following SSE's announcement that it elected not to make the
May 15, 2016, interest payment on the 6.625% senior unsecured notes
due 2019.


SEVENTY SEVEN: Seeks Joint Administration of Cases
--------------------------------------------------
Seventy Seven Finance Inc. and 10 of its subsidiaries filed a
motion with the Bankruptcy Court for an order directing joint
administration of their Chapter 11 cases for procedural purposes
only and directing the Clerk of the Court to maintain one file and
one docket for all 11 cases under the case of Seventy Seven Finance
Inc., Case No. 16-11409.

The Debtors said that joint administration of these cases will
eliminate the need for duplicative notices, applications, and
orders, thereby saving considerable time and expense.
Additionally, the Debtors maintained that supervision of the
administrative aspects of these Chapter 11 cases by the Office of
the United States Trustee will be simplified.

"Because this is not a motion for substantive consolidation of the
Debtors' estates, the rights of the creditors of the Debtors will
not be adversely affected by the joint administration of these
cases because each creditor may file its claim against a particular
estate.  In fact, the rights of all creditors will be enhanced by
the reduction in costs resulting from joint administration,"
according to Andrew R. Remming, Esq., at Morris, Nichols, Arsht &
Tunnell LLP, one of the Debtors' attorneys.

                  About Seventy Seven Energy Inc.

Headquartered in Oklahoma City, Seventy Seven Energy Inc. (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.

Each of Seventy Seven Finance Inc., Seventy Seven Energy Inc.,
Seventy Seven Operating LLC, Great Plains Oilfield Rental, L.L.C.,
Seventy Seven Land Company LLC, Nomac Drilling, L.L.C., Performance
Technologies, L.L.C., PTL Prop Solutions, L.L.C., SSE Leasing LLC,
Keystone Rock & Excavation, L.L.C. and Western Wisconsin Sand
Company, LLC filed a voluntary petition under Chapter 11 of the
Bankruptcy Code (Bankr. D. Del. Case Nos. 16-11409 to 16-11419,
respectively) on June 7, 2016.

The Debtors listed total assets of $1.77 billion and total
liabilities of $1.72 billion.

The Debtors have engaged Baker Botts LLP as general bankruptcy
counsel; Morris, Nichols, Arsht & Tunnell LLP as co-counsel; Lazard
Freres & Co. LLC as investment banker; Alvarez & Marsal as
restructuring advisor; and Prime Clerk LLC as notice, claims and
balloting agent.

Judge Laurie Selber Silverstein is assigned to the cases.


SEVENTY SEVEN: Wants to Hire Prime Clerk as Claims & Noticing Agent
-------------------------------------------------------------------
Seventy Seven Finance Inc. and its debtor affiliates seek
permission from the Bankruptcy Court to appoint Prime Clerk LLC as
their claims and noticing agent to, among other things, assume full
responsibility for the distribution of notices and the maintenance,
processing and docketing of proofs of claim filed in their Chapter
11 cases.

Although the Debtors have not yet filed their schedules of assets
and liabilities, they anticipate that there will be in excess of
200 entities to be noticed.  In view of the number of anticipated
claimants and the complexity of their businesses, the Debtors
assert that the appointment of a claims and noticing agent is in
the best interests of both their estates and their creditors.

Prime Clerk's claim, noticing and balloting rates are:

        Title                         Hourly Rate
        -----                         -----------
        Analyst                         $30-$50
        Technology Consultant           $35-$95
        Consultant/Senior Consultant    $65-$170
        Director                       $175-$195
        Solicitation consultant          $195
        Director of solicitation         $210

The Debtors request that the undisputed fees and expenses incurred
by Prime Clerk in the performance of the services be treated as
administrative expenses of their Chapter 11 estates and be paid in
the ordinary course of business without further application to or
order of the Court.

Prior to the Petition Date, the Debtors provided Prime Clerk a
retainer in the amount of $30,000.  Prime Clerk seeks to first
apply the retainer to all prepetition invoices, and thereafter, to
have the retainer replenished to the original retainer amount, and
thereafter, to hold the retainer under the Engagement Agreement
during these Chapter 11 cases as security for the payment of fees
and expenses incurred under the Engagement Agreement.

The Debtors have agreed to indemnify, defend and hold harmless
Prime Clerk and its members, officers, employees, representatives
and agents under certain circumstances specified in the Engagement

Agreement, except in circumstances resulting solely from Prime
Clerk's gross negligence or willful misconduct.

Prime Clerk represents it is a "disinterested person" as that term
is defined in Section 101(14) of the Bankruptcy Code with respect
to the matters upon which it is engaged.

               About Seventy Seven Energy Inc.

Headquartered in Oklahoma City, Seventy Seven Energy Inc. (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.

Each of Seventy Seven Finance Inc., Seventy Seven Energy Inc.,
Seventy Seven Operating LLC, Great Plains Oilfield Rental, L.L.C.,
Seventy Seven Land Company LLC, Nomac Drilling, L.L.C., Performance
Technologies, L.L.C., PTL Prop Solutions, L.L.C.,
SSE Leasing LLC, Keystone Rock & Excavation, L.L.C. and Western
Wisconsin Sand Company, LLC filed a voluntary petition under
Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Case Nos.
16-11409 to 16-11419, respectively) on June 7, 2016.

The Debtors listed total assets of $1.77 billion and total
liabilities of $1.72 billion.

The Debtors have engaged Baker Botts LLP as general bankruptcy
counsel; Morris, Nichols, Arsht & Tunnell LLP as co-counsel; Lazard
Freres & Co. LLC as investment banker; Alvarez & Marsal as
restructuring advisor; and Prime Clerk LLC as notice, claims and
balloting agent.

Judge Laurie Selber Silverstein is assigned to the cases.


SEVENTY SEVEN: Wells Fargo & BofA Extend $100M of DIP Financing
---------------------------------------------------------------
Seventy Seven Finance Inc. and its debtor-affiliates as the U.S.
Bankruptcy Court in Wilmington, Del., to approve a $100,000,000
debtor-in-possession financing agreement with Wells Fargo Bank,
National Association, and Bank of America, N.A.  The Debtors want
to use the new funds to (i) pay off about $14.1 million owed under
their Pre-Petition Credit Agreement and (ii) fund further working
capital needs as the company marches forward to obtain confirmation
of their prepackaged chapter 11 plan of reorganization.  

The Debtors will pay the DIP Lenders:

     -- a Base Rate of interest on all amounts borrowed;
     -- a 0.75% unused line fee on all amounts not drawn;
     -- letter of credit fees;
     -- $1,000 daily appraisal fees when required;
     -- an up-front $350,000 facility fee; and
     -- reimbursement of professionals fees.

The lenders' superpriority liens under 11 U.S.C. Sec. 364 will be
subject to a carve-out allowing payment of fees to the Court Clerk
and the U.S. Trustee; up to $50,000 of fees and expenses incurred
by any chapter 7 trustee; and up to $3,000,000 of fees and expenses
incurred by any official committee appointed in the Debtors' cases.


The Debtors agree that EBITDA will not fall below:

12345678901234567890123456789012345678901234567890123456789012345
                                                Minimum
   Testing Period                                EBITDA
   --------------                               -------
   For the 4 consecutive calendar months
   ending 4/30/16                             $42,099,000

   For the 5 consecutive calendar months
   ending 5/31/16                             $49,221,000

   For the 6 consecutive calendar months
   ending 6/30/16                             $56,359,000

   For the 7 consecutive calendar months
   ending 7/31/16                             $63,942,000

   For the 8 consecutive calendar months
   ending 8/31/16                             $72,262,000

   For the 9 consecutive calendar months
   ending 9/30/16                             $80,121,000

   For the 10 consecutive calendar months
   ending 10/31/16                            $88,123,000

   For the 11 consecutive calendar months  
   ending 11/30/16                            $96,449,000

   For the 12 consecutive calendar months
   ending 12/31/16 and as of the last
   day of each calendar month thereafter     $105,131,000

The DIP facility expires by its own terms nine months from now and
is expected to be replaced by a new $100-million revolving exit
facility with substantially the same lenders when the company
emerges from chapter 11.  

A full-text copy of the Debtors' DIP Loan Agreement is available at
https://goo.gl/oUf60a at no charge.

Wells Fargo can be reached at:

          Wells Fargo Bank, National Association
          1100 Abernathy Road, Suite 1600
          Atlanta, GA 30328
          Attn: Relationship Manager - Seventy Seven Energy
          E-mail: zachary.s.buchanan@wellsfargo.com

and is represented by:

          Andrew M. Kramer, Esq.
          Otterbourg, P.C.
          230 Park Avenue
          New York, NY 10169-0075
          E-mail: akramer@otterbourg.com

Bank of America, the Term Agent and Consenting Term Lenders are
represented by:

          Scott J. Greenberg, Esq.
          Michael J. Cohen; Esq.
          Jones Day
          250 Vesey Street
          New York, NY 10281-1047

Wilmington Trust, N.A., the Incremental Term Loan Agent is
represented by:

          Latham & Watkins
          885 Third Avenue
          New York, NY 10022-4834
          Mark A. Broude, Esq.

               - and -

          Adam E. Malatesta, Esq.
          Latham & Watkins
          355 South Grand Avenue
          Los Angeles, CA 90071-1560

Headquartered in Oklahoma City, Seventy Seven Energy Inc. (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.  

Seventy Seven Energy (a/k/a Chesapeake Oilfield Operating) and 10
affiliated Debtors sought chapter 11 protection (Bankr. D. Del.
Case No. 16-11409) on June 7, 2016.  The Debtors are represented by
a team of lawyers at Baker Botts LLP.  

The Company also filed a Joint Prepackaged Chapter 11 Plan of
Reorganization and related
Disclosure Statement.  The Plan provides for a substantial
deleveraging transaction pursuant to which approximately $1.1
billion of the Company's outstanding debt will be converted to
equity.


SH 130 CONCESSION: Seeks Lease Decision Deadline Moved to Sep. 28
-----------------------------------------------------------------
SH 130 Concession Company, LLC and its debtor-affiliates ask the
U.S. Bankruptcy Court for the Western District of Texas to extend
the time for them to assume or reject unexpired leases of
nonresidential real property up to September 28, 2016, without
prejudice to the Debtors' rights to obtain further extensions of
such period in accordance with section 365(d)(4)(B)(ii) of the
Bankruptcy Code.

The Debtors' current deadline to assume or reject the Unexpired
Leases is June 30, 2016.

For the following reasons, cause exists for an extension of the
time within which the Debtors may assume or reject the Unexpired
Leases under section 365(d)(4)(B) of the Bankruptcy Code:

  -- The Chapter 11 Cases are both large and complex. The
     Concessionaire operates a 41-mile segment of State Highway
     130 (the "Tollway"), which requires continuous maintenance
     and improvements. The Concessionaire financed the Tollway
     through a series of complex credit facilities and swap
     agreements, and the Debtors' total outstanding debt is over
     $1.6 billion. The Concessionaire's prepetition secured debt
     is held by diverse groups of lenders?including traditional
     financial institutions, hedge funds, and the U.S. Department
     of Transportation under the Transportation Infrastructure
     Financing and Innovation Act of 1998 (the "TIFIA Lender") --
     who, together with the Debtors, their sponsors and other key
     creditors, are in ongoing discussions to reach a global
     resolution of open issues relating to the appropriate
     way to restructure the Debtors' balance sheet.

  -- One of the Debtors' Unexpired Leases is the Facility Lease,
     dated March 22, 2007 with the Texas Department of
     transportation entered into in connection with the Facility
     Concession Agreement, SH 130 Segments 5 and 6 Facility, dated

     March 22, 2007 with TxDOT, pursuant to which the
     Concessionaire operates the Tollway. The Facility Concession
     Documents represent the Debtors' most substantial asset.

  -- The Debtors, to their knowledge, have remained
     current on their postpetition obligations under section
     365(d)(3) of the Bankruptcy Code with respect to the
     Unexpired Leases. the Debtors are committed to remaining
     current on all undisputed postpetition obligations covered by

     section 365(d)(3) of the Bankruptcy Code.

  -- Since the Petition Date, the Debtors' management and
     professional advisors have devoted a significant amount of
     time and effort towards ensuring a smooth transition of the
     Debtors' operations into chapter 11. In conjunction herewith,

     many additional responsibilities have been thrust upon those
     individuals, and, consequently, the Debtors have not had
     sufficient time to evaluate the Unexpired Leases and
     determine which, if any, should be assumed or rejected at
     this time. Notably, notwithstanding the fact that the Chapter

     11 Cases have been pending for less than 90 days, during this

     limited timeframe, the Debtors have made significant strides
     in these Chapter 11 Cases, including, but not limited to, (a)

     negotiating with the Concessionaire's senior lenders
     regarding use of cash collateral, (b) responding to various
     creditor inquiries, (c) retaining professionals, (d)
     resolving cash management issues, (e) preparing and filing
     each of the Debtor's schedules of assets and liabilities and
     statements of financial affairs, (f) preparing initial
     disclosures and monthly operating reports, (g) negotiating a
     chapter 11 plan term sheet acceptable to the Senior Lenders
     as required by paragraph 5(b)(1) of the final cash collateral

     order (the "Final Cash Collateral Order") [Docket No. 142],
     (h) coordinating with TxDOT regarding Tollway operations and
     maintenance, and (i) exploring potential restructuring
     alternatives with other creditor constituencies, including
     the TIFIA Lender.

As a result, the Debtors require additional time to evaluate each
of the Unexpired Leases and resolve any issues related thereto. The
Debtors should not be forced, at this stage of the Chapter 11
Cases, to incur administrative claims or reject what may prove to
be valuable or necessary assets before the Debtors have had a full
opportunity to explore their options with respect to the Unexpired
Leases in the overall context of these Chapter 11 Cases.

                     About SH 130 Concession

Headquartered in Buda, Texas, SH 130 Concession Company, LLC (the
"Concessionaire") was formed to finance, develop, design,
construct, operate, and maintain segments five and six of Texas
State Highway 130 (the "Tollway") in partnership with the Texas
Department of Transportation.

The Concessionaire, Zachry Toll Road - 56 LP and Cintra TX 56 LLC
filed Chapter 11 bankruptcy petitions (Bankr. W.D. Tex. Case Nos.
16-10262, 16-10263 and 16-10264, respectively) on March 2, 2016.
The petitions were signed by Alfonso Orol as chief executive
officer.  The Debtors estimated both assets and debts in the range
of $1 billion to $10 billion.

Toll Road - 56 and TX 56 are holding companies that collectively
hold the equity interests in the Concessionaire.  They have no
operations and have no creditors.

The Debtors have engaged Gibson, Dunn & Crutcher LLP as general
counsel, Jackson Walker L.L.P. as local counsel, and Prime Clerk
LLC as notice, claims, solicitation, balloting and tabulation
agent.

Judge Tony M. Davis has been assigned the case.


SHEEHAN PIPE LINE: Committee Taps Foley & Lardner as Counsel
------------------------------------------------------------
The official committee of unsecured creditors of Sheehan Pipe Line
Construction Co. seeks approval from the U.S. Bankruptcy Court for
the Northern District of Oklahoma to hire Foley & Lardner LLP as
its legal counsel.

The legal services to be provided by the firm include:

     (a) provision of legal advice with respect to the committee's

         rights, powers and duties in the Debtor's case;

     (b) preparation of legal papers;

     (c) represent the committee in any and all matters involving
         contests with the Debtor, secured creditors and other
         third parties;

     (d) negotiation of proposed asset sales and Chapter 11 plans;

     (e) assistance in analyzing the claims of creditors and the
         Debtor's capital structure and in negotiating with
         holders of claims and equity interests;

     (f) investigation of the operation of the Debtor's business
         and investigation of the acts, conduct, assets,
         liabilities and financial condition of the Debtor;

     (g) assistance and counsel related to the committee's
         communications to the general creditor body regarding
         significant matters in the Debtor's case;

     (h) review and analysis of all applications, orders,
         statements of operations and schedules filed with the
         court.

The attorneys designated to represent the committee and their
current standard hourly rates are:

     Geoffrey S. Goodman    Partner     $645
     Joanne Lee             Partner     $555
     Matthew J. Stockl      Associate   $325

Foley & Lardner, however, has agreed to discount their standard
hourly rates by 10%, according to court filings.

Aside from professional fees, the firm will also receive
reimbursement for work-related expenses.

In a court filing, Mr. Goodman disclosed that the firm is a
"disinterested person" as defined in section 101(14) of the
Bankruptcy Code.

In response to the request for additional information set
forth in D.1. of the Appendix B Guidelines, Foley & Lardner
disclosed that it has agreed to discount its standard hourly rates
by 10%, and not to bill for non-working travel time.

The firm also disclosed that it has not previously represented the
committee or any of its members in the 12 months prior to the
Debtor's bankruptcy filing.

Foley & Lardner can be reached through:

     Geoffrey S. Goodman    
     Joanne Lee             
     Matthew J. Stockl       
     Foley & Lardner LLP
     321 N. Clark Street, Suite 2800
     Chicago, IL 60654
     Tel: (312) 832-4514
     Fax: (312) 832-4700
     E-mail: ggoodman@foley.com
             jlee@foley.com
             mstockl@foley.com

                     About Sheehan Pipe Line

Sheehan Pipe Line Construction Company, a contractor that
constructs pipelines in various states across the country, filed a
voluntary petition for relief under Chapter 11 of the U.S.
Bankruptcy Code in the U.S. Bankruptcy Court for the Northern
District of Oklahoma (Case No. 16-10678) on April 15, 2016,
Listing total assets of $90.2 million and total debt of $68.4
million.  

The petition was signed by Robert A. Riess, Sr., as president and
CEO. McDonald, McCann & Metcalf & Carwile, LLP, serves as counsel
to the Debtor.  The case is pending before Judge Terrence L.
Michael.


SHEEHAN PIPE LINE: Committee Taps Frederic as Local Counsel
-----------------------------------------------------------
The official committee of unsecured creditors of Sheehan Pipe Line
Construction Co. seeks approval from the U.S. Bankruptcy Court for
the Northern District of Oklahoma to hire Frederic Dorwart, Lawyers
as local counsel.

The legal services to be provided by the firm include:

     (a) provision of legal advice with respect to the committee's

         rights, powers and duties in the Debtor's case;

     (b) preparation of legal papers;

     (c) represent the committee in any and all matters involving
         contests with the Debtor, secured creditors and other
         third parties;

     (d) negotiation of proposed asset sales and Chapter 11 plans;

     (e) assistance in analyzing the claims of creditors and the
         Debtor's capital structure and in negotiating with
         holders of claims and equity interests;

     (f) investigation of the operation of the Debtor's business
         and investigation of the acts, conduct, assets,
         liabilities and financial condition of the Debtor;

     (g) assistance and counsel related to the committee's
         communications to the general creditor body regarding
         significant matters in the Debtor's case;

     (h) review and analysis of all applications, orders,
         statements of operations and schedules filed with the
         court.

Samuel Ory, Esq., at Frederic Dorwart, has been designated to
represent the committee.  His current standard rate is $350 per
hour.

Aside from professional fees, the firm will also receive
reimbursement for work-related expenses.

In a court filing, Mr. Ory disclosed that the firm is a
"disinterested person" as defined in section 101(14) of the
Bankruptcy Code.

In response to the request for additional information set
forth in D.1. of the Appendix B Guidelines, Frederic Dorwart
disclosed that it has not agreed to any variations from, or
alternatives to, its standard or customary billing arrangements for
the engagement.

The firm also disclosed that it has not previously represented the
committee in the 12 months prior to the Debtor's bankruptcy filing.


Frederic Dorwart can be reached through:

     Samuel S. Ory
     Frederic Dorwart, Lawyers
     124 E. Fourth Street
     Tulsa, OK 74103-5027
     Phone: (918) 583-9922
     Fax: (918) 583-8251
     E-mail: sory@fdlaw.com

                     About Sheehan Pipe Line

Sheehan Pipe Line Construction Company, a contractor that
constructs pipelines in various states across the country, filed a
voluntary petition for relief under Chapter 11 of the U.S.
Bankruptcy Code in the U.S. Bankruptcy Court for the Northern
District of Oklahoma (Case No. 16-10678) on April 15, 2016,
Listing total assets of $90.2 million and total debt of $68.4
million.  

The petition was signed by Robert A. Riess, Sr., as president and
CEO. McDonald, McCann & Metcalf & Carwile, LLP, serves as counsel
to the Debtor.  The case is pending before Judge Terrence L.
Michael.


SIDNEY ALBERT JOHNSON JR: July 19 Disclosure Statement Hearing Set
------------------------------------------------------------------
Judge Edward Ellington of the U.S. Bankruptcy Court for the
Southern District of Mississippi will convene a hearing on July 19,
2016, at 1:30 P.M., to consider approval of the disclosure
statement explaining Sidney Albert Johnson, Jr.'s plan of
reorganization.

Any person objecting to the adequacy of the information contained
in the Disclosure Statement or desiring to propose modifications
thereto must submit those objections or proposed modifications on
or before July 8.

The bankruptcy case is In re: Sidney Albert Johnson, Jr., Case No.
15-03860-EE (Bankr. S.D. Miss.).

The Debtor is represented by:

          R. Michael Bolen, Esq.
          HOOD & BOLEN, PLLC
          3770 Hwy. 80 West
          Jackson, Mississippi 39209
          Tel: 601-923-0788


SIX FLAGS: Moody's Assigns B3 Rating on Proposed $300MM Sr. Notes
-----------------------------------------------------------------
Moody's Investors Service assigned a B3 rating to Six Flags
Entertainment Corporation's proposed $300 million senior unsecured
note due 2024 and upgraded the revolver and term loan rating to Ba1
from Ba2.  The B1 corporate family rating (CFR) and B3 rating for
the existing $800 million senior unsecured note due 2021 were both
affirmed.  The outlook is stable.

The expected use of proceeds of the note is the repayment of $150
million of the existing term loan with the remaining net proceeds
for general corporate and working capital purposes which are
expected to primarily include repurchases of stock.  The upgrade of
the revolver and term loan rating reflect the reduction in secured
bank debt and the corresponding decrease in secured debt as a
proportion of the debt structure which is expected to lead to a
higher recovery rating.

While the proposed transaction increases total debt by $150 million
and pro-forma leverage to 4.5x from 4.2x as of Q1 2016, Moody's
expects leverage to decrease by the end of the year as the revolver
is paid down during the summer operating season and from EBITDA
growth in 2016.  Leverage is also expected to improve as $21
million of performance award related stock compensation related to
the achievement of management's $500 million modified EBITDA target
roll off of LTM calculated EBITDA during the balance of 2016.
However, performance award related stock compensation may increase
in future periods if the company becomes likely to achieve
management's goal of $600 million in modified EBITDA (as calculated
by management) by 2017.

Issuer: Six Flags Entertainment Corporation

  Proposed $300 million Senior Unsecured Notes due 2024, assigned
   a B3, LGD5
  $800 million Senior Unsecured Notes due 2021, affirmed at B3,
   LGD5
  Corporate Family Rating, affirmed B1
  Probability of Default Rating, affirmed B1-PD
  Speculative Grade Liquidity Rating affirmed at SGL-3
  Outlook, Remains Stable

Issuer: Six Flags Theme Parks Inc.

  $250 million Senior Secured Revolver due 2020 upgraded to Ba1,
   LGD2 from Ba2, LGD2
  Senior Secured Term Loan B due 2022, upgraded to Ba1, LGD2 from
   Ba2, LGD2
  Outlook, Remains Stable

                         RATINGS RATIONALE

Six Flags' B1 CFR reflects the sizable attendance and revenue
generated from the geographically diversified regional amusement
park portfolio, vulnerability to cyclical discretionary consumer
spending, seasonality of the operations, and event risk relating to
shareholder distributions.  The amusement park industry is mature
and operators must compete with a wide variety of leisure and
entertainment activities to generate consumer interest and is very
sensitive to weather conditions.  Park attendance can also be
impacted by acts of terrorism, war, or health epidemics.  The
management team installed in conjunction with the company's
emergence from bankruptcy in April 2010 has implemented significant
operational improvements to drive meaningful earnings growth.
Ongoing initiatives including price increases, fewer discount
offerings, higher season pass sales, and increases in all season
dining revenue are expected to continue to contribute to revenue
and earnings over the intermediate term.  Capital expenditures on
new rides such as roller coasters, interactive/dark rides, and
virtual reality attractions in addition to international licensing
agreements in three different countries are also expected to
contribute to EBITDA growth.  Moody's continues to expect positive
revenue growth in the upcoming season barring unusually heavy
rainfall during peak operating periods.

Six Flags' SGL-3 speculative-grade liquidity rating reflects our
expectation that the company will maintain adequate liquidity over
the next year.  Six Flags has $23 million of cash with $21 million
in letters of credit and $72 million drawn against its revolver as
of Q1 2016.  The $250 million revolver due in 2020 is not
sufficient to cover a full exercise of the approximate $421 million
of partnership puts, although we do not anticipate this to occur.
Moody's projects that Six Flags will payout approximately $215
million in dividends in 2016 which will consume the bulk of its
cash flow generation over the next year and normal off-season cash
flow consumption occurs prior to the start of the operating
season.

The historical level of put exercises is comfortably manageable
within Six Flags existing cash and unused revolver capacity (the
highest level was $66 million or $58 million net of partner
participation in 2009).  The timing of the put option is notable as
they are exercisable annually from March 31 through late April and
Six Flags must fund any exercises by May 15.  This is in the midst
of Six Flags' peak seasonal cash needs as the majority of its cash
flow is generated during the height of its operating season from
May to September.  However, put exercise activity has been minimal
the last several years.

The stable rating outlook reflects our anticipation that Six Flags
will generate low to mid single digit EBITDA growth in 2016 if
weather conditions are favorable.  Moody's also believes that the
company will take advantage of the restricted payments flexibility
in its credit facility to devote cash flow generation to dividends
and share repurchases with limited debt reduction over the next
12-18 months.

Positive revenue and EBITDA growth that led to debt to EBITDA
leverage being sustained in the low 4xs (as calculated by Moody's)
and a more moderate financial policy with reduced prospects of a
debt funded share buyback, would lead to positive rating pressure.
A good liquidity position would also be required for an upgrade as
would the management of dividends and stock repurchases within
excess free cash flow.

Downward rating pressure could result if acquisitions, cash
distributions to shareholders, or declines in attendance and
earnings driven by competition or a prolonged economic downturn led
to debt-to-EBITDA above 5.5x on a sustained basis.  Ratings could
also be pressured if liquidity weakens or the company's financial
policies become more aggressive.

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

Six Flags Entertainment Corporation, headquartered in Grand
Prairie, TX, is a regional amusement park company that operates 18
North American parks.  The park portfolio includes 15 wholly-owned
facilities (including parks near New York City, Chicago and Los
Angeles) - as well as three consolidated partnership parks - Six
Flags over Texas (SFOT), Six Flags over Georgia (SFOG), and White
Water Atlanta.  Six Flags currently owns 53.1% of SFOT and
approximately 31% of SFOG/White Water Atlanta.  In addition, the
company has international licensing agreements in China, Dubai, and
Vietnam.  The company emerged from chapter 11 bankruptcy protection
in April 2010.  Revenue including full consolidation of the
partnership parks was approximately $1.3 billion for the LTM period
ended 3/31/16.


SIX FLAGS: S&P Assigns 'BB-' Rating on Proposed $300MM Notes
------------------------------------------------------------
S&P Global Ratings assigned its 'BB-' issue-level rating (one notch
below the 'BB' corporate credit rating) and '5' recovery rating to
Grand Prairie, Texas-based Six Flags Entertainment Corp.'s proposed
$300 million senior unsecured notes due 2024.  The '5' recovery
rating reflects S&P's expectation for modest (10% to 30%; upper end
of the range) recovery for lenders in the event of a payment
default.  Six Flags intends to use the proceeds of the proposed
note issuance to repay $150 million in outstanding term loan B
balances and for $150 million in share repurchases. The company
also announced today that its board has approved an additional $500
million under its stock repurchase plan.  The 'BB-' issue-level
rating and '5' recovery rating on the company's outstanding $800
million senior unsecured notes due 2021 are unchanged.  Recovery
prospects on the outstanding senior unsecured notes improved to the
upper end of the range because of a reduced amount of secured debt
in the capital structure, pro forma for the completion of the
proposed notes issuance.

The 'BB' corporate credit rating on Six Flags is unchanged.

RECOVERY ANALYSIS

Key analytical factors

   -- S&P's simulated default scenario contemplates a payment
      default in 2021 reflecting a precipitous decline in cash
      flow, which is unlikely to occur over the longer term given
      S&P's view of Six Flags' business risk profile as
      satisfactory and its pro forma debt structure.

   -- Under S&P's default scenario, a decline of this magnitude
      would likely require a widespread loss of interest in and
      demand for the company's theme parks, a prolonged economic
      downturn, and/or multiple years of unfavorable weather
      conditions at the parks.

   -- S&P assumes a reorganization following the default, using an

      emergence EBITDA multiple of 6x (consistent with the
      multiples we use for other theme park operators) to value
      the company.

Simulated default assumptions:

   -- Year of default: 2021
   -- EBITDA at emergence: $179 mil.
   -- EBITDA multiple: 6x

Simplified waterfall:

   -- Net enterprise value (after 5% admin. costs): $1,021 mil.
   -- Valuation split (obligors/non-obligors): 87%/13%
   -- Collateral value available to secured creditors: $888 mil.
   -- Secured debt: $763 mil.*
      -- Recovery expectation: 90% to 100%
   -- Total value available to unsecured claims: $258 mil.
   -- Senior unsecured debt: $1129 mil.
      -- Recovery expectation: 10% to 30% (upper half of the
      range)

Note: All debt amounts include six months of prepetition interest.
*The revolving credit facility is 85% drawn at the time of
default.

RATINGS LIST

Six Flags Entertainment Corp.
Corporate Credit Rating            BB/Stable/--

Recovery Band Revised
                                    To           From
Six Flags Entertainment Corp.
$800 million notes due 2021
Senior Unsecured                   BB-          BB-   
  Recovery Rating                   5H           5L

New Rating

Six Flags Entertainment Corp.
$300 mil. notes due 2024
Senior Unsecured                   BB-
  Recovery Rating                   5H


SKAGIT GARDENS: Court Orders Joint Administration of Cases
----------------------------------------------------------
At the request of Skagit Gardens Inc., Skagit RESPE LLC, Skagit
TPPSPE LLC and Skagit Real Estate Holdings, LLC, the U.S.
Bankruptcy Court for the Western District of Washington entered an
order directing the joint administration of the Debtors' Chapter 11
cases under the lead case of In re Skagit Gardens, Inc., case
number 16-12879.

                     About Skagit Gardens

Skagit Gardens Inc. and three affiliates filed Chapter 11 petitions
(Bankr. W.D. Wash., Proposed Lead Case No. 16-12879) on May 27,
2016.  The company is a wholesale nursery that grows two categories
of plants, finished plants and plugs/liners, each grown for
different types of customers.  The petitions were signed by Mark
Buchholz as president.

The Debtors listed total assets of $12.5 million and total
liabilities of $19.3 million.

The Debtors are represented by Bush Kornfeld LLP, in Seattle,
Washington, as counsel.

The cases are assigned to Judge Christopher M. Alston.


SKAGIT GARDENS: Wants to Use Cash Collateral of Secured Parties
---------------------------------------------------------------
Skagit Gardens, Inc., and its debtor affiliates seek authority from
the Bankruptcy Court to use cash collateral in which certain
parties assert a security interest to pay their ongoing operating
expenses.

"Without access to Cash Collateral, Skagit Gardens will be unable
to meet its current working capital needs, pay ongoing ordinary
course expenses, pay payroll and other taxes, obtain goods and
services, meet customer obligations, obtain continued trade credit,
and attract new business, all of which will severely and
irreparably damage its business and the going concern value
thereof," said Christine M. Tobin-Presser, Esq., at Bush Kornfeld
LLP, one of the Debtors' attorneys.

Skagit Gardens proposes to provide replacement liens adequate
protection of the interests of the parties asserting interests in
its Cash Collateral, specifically Sterling National Bank and
Aequitas Commercial Finance, LLC, by granting the Secured Parties
liens in assets of the same kind, type, and nature as the
Prepetition Collateral in which such Secured Party held a lien that
is acquired after the Petition Date and all proceeds of the
Postpetition Collateral, to the extent of any diminution in the
Secured Lenders' interests in Prepetition Collateral as a result of
Skagit Gardens use of Cash Collateral.

Skagit Gardens' budget contains the projected cash expenses between
the Petition Date and an anticipated sale closing in around July 8,
2016.  The Budget tracks the Company's Working Capital Collateral
(Cash + A/R + Inventory) from the Petition Date through such a
closing.  Specifically, the Budget shows total Working Capital
Collateral of $9,273,548 on the Petition Date, and total Working
Capital Collateral of $9,464,093 as of a projected July 8, 2016,
closing date.  During this period, there is no projected
deterioration in the Secured Lenders' collateral position, when the
Replacement Liens are taken into account.

The Debtors commit to meeting the following milestones in
connection with the administration of these cases and the orderly
liquidation of substantially all their assets: (a) By no later than
July 22, 2016, obtain an order from the Bankruptcy Court approving
the Proposed Sale, in form and substance reasonably acceptable to
Sterling Bank; and (b) By no later than July 31, 2016, close the
Proposed Sale.

Skagit Gardens had negotiated the terms of a sale with an
unidentified stalking horse bidder and plans to file a motion
relating to the proposed sale and bidding procedures.

                       About Skagit Gardens

Skagit Gardens Inc. and three affiliates filed Chapter 11 petitions
(Bankr. W.D. Wash., Proposed Lead Case No. 16-12879) on May 27,
2016.  The company is a wholesale nursery that grows two categories
of plants, finished plants and plugs/liners, each grown for
different types of customers.  The petitions were signed by Mark
Buchholz as president.

The Debtors listed total assets of $12.5 million and total
liabilities of $19.3 million.

The Debtors are represented by Bush Kornfeld LLP, in Seattle,
Washington, as counsel.

The cases are assigned to Judge Christopher M. Alston.


SONNY MAWARDI: July 27 Plan Confirmation Hearing Set
----------------------------------------------------
Judge Raymond B. Ray of the U.S. Bankruptcy Court for the Southern
District of Florida approved the disclosure statement explaining
Sonny Mawardi and Debra Mawardi's plan and scheduled the
confirmation hearing and hearing on fee applications for July 27,
2016, at 9:30 a.m.

The deadline for filing fee applications is July 6.  Deadline for
objections to confirmation and for filing ballots accepting or
rejecting plan is July 13.

The proponents have until July 22 to file a report and confirmation
affidavit and a certificate for confirmation regarding payment of
domestic support obligations and filing of required tax returnes.

In re: SONNY MAWARDI and DEBRA MAWARDI, Case No. 15-25344-RBR
(Bankr. S.D. Fla.).


SOUTHCROSS HOLDINGS: Court Closes Chapter 11 Cases
--------------------------------------------------
Southcross Holdings LP and its debtor-affiliates sought and
obtained a final decree from the Hon. Marvin Isgur of the U.S.
Bankruptcy Court for the Southern District of Texas closing their
Chapter 11 Cases and terminating certain noticing services.

The Court orders the following Chapter 11 cases of the Reorganized
Debtors are closed; provided that the Court shall retain
jurisdiction as provided in Article XI of the Plan:

      Debtor                                  Case No.
      ------                                  --------
      Southcross Holdings, LP                 16-20111
      Frio LaSalle GP, LLC                    16-20102
      Frio LaSalle Pipeline, LP               16-20101
      Southcross Holdings Borrower GP LLC     16-20108
      Southcross Holdings Borrower LP         16-20107
      Southcross Holdings GP LLC              16-20112
      Southcross Holdings Guarantor GP LLC    16-20110
      Southcross Holdings Guarantor LP        16-20109
      TexStar Midstream GP, LLC               16-20106
      TexStar Midstream Services, LP          16-20105
      TexStar Midstream T/U GP, LLC           16-20104
      TexStar Midstream Utility, LP           16-20103

As previously reported in the Troubled Company Reporter, the
Debtors stated that the chapter 11 cases have been "fully
administered" within the meaning of section 350 of the Bankruptcy
Code, making it appropriate for the Court to enter the Final
Decree. In particular:

   (a) the Confirmation Order has become final and is non-
       appealable;

   (b) the Reorganized Debtors have emerged from chapter 11;

   (c) all payments required to be made pursuant to the Plan have
       been paid or provided for as of the Effective Date;

   (d) the Reorganized Debtors have assumed the business and
       management of the property dealt with by the Plan;

   (e) all anticipated motions, contested matters, and adversary
       proceedings in these chapter 11 cases have been or will be
       resolved at or before the hearing on this Motion;

   (f) all proofs of claim filed in these chapter 11 cases have
       been expunged or otherwise have been resolved;

   (g) all of the transactions contemplated by the Plan closed on
       the Effective Date; and

   (h) the Plan has been substantially consummated within the
       meaning of section 1101(2) of the Bankruptcy Code.

                  About Southcross Holdings

Southcross Holdings LP owns and operates gathering and
fractionation assets in the midstream energy sector. It is the
parent company of Southcross Energy Partners GP, LLC and a major
unitholder of Southcross Energy Partners, L.P., a publicly traded
master limited partnership. EIG Global Energy Partners, Charlesbank
Capital Partners and Tailwater Capital each indirectly own
approximately one-third of Holdings.

Holdings and its affiliates offer a full suite of midstream energy
services, including natural gas gathering, treating, compression
and transportation, as well as natural gas liquids fractionation
and delivery to end-user markets.

Southcross Holdings LP and 11 of its affiliates filed Chapter 11
bankruptcy petitions (Bankr. S.D. Tex. Lead Case 16-20111) on  
March 27, 2016. Bret M. Allan signed the petitions as authorized
signatory.

The Debtors estimated assets and debts in the range of $1 billion
to $10 billion.

The Debtors have hired Kirkland & Ellis LLP as general bankruptcy
counsel, Zack A. Clement PLLC as co-counsel, Houlihan Lokey
Capital, Inc. as financial advisor, Alvarez & Marsal as
restructuring advisor and Epiq Systems as claims and noticing
agent.

Hon. Marvin Isgur has been assigned the jointly administered cases.


SOUTHWESTERN WISCONSIN: Needs Access to Lender's Cash Collateral
----------------------------------------------------------------
Southwestern Wisconsin Dairy Goat Products Cooperative owes Peoples
State Bank about $579,000 and granted the Bank a lien on all of its
assets to secure repayment of that obligation.  The Debtor
estimates these current collateral values:
    
     Type of Collateral         Estimated Value
     ------------------         ---------------
     Inventory                      $582,873.19
     Equipment                       242,227.61
     Accounts Receivable             163,750.17
     Bank Accounts                     5,194.58
     Production Plant                101,900.00

Accordingly, the Bank is oversecured.  The debtor also relates that
the Bank foreclosed on the Production Plan in May 2016.  

The Debtor asks the Court for permission, on an interim basis, to
use the Bank's cash collateral to pay ordinary operating expenses.
During this interim period, the Debtor hopes to obtain a consensual
cash collateral pact with the Bank.  The Debtor additionally
proposes paying the Bank $2,500 per month in consideration of this
request.  The Debtor provides the Court with a budget projecting
about $123,000 in monthly revenues slightly more than $5,000 per
month in positive cash flow.  

The Debtor also submitted a Motion to the Bankruptcy Court asking
for permission to pay:

     -- all wages, salaries and employee compensation,
        ranging from $8,500 to $10,500 per bi-weekly
        payroll period;

     -- all payroll tax obligations, ranging from $2,300
        to $3,300 per bi-weekly payroll period, plus
        $3,000 quarterly unemployment insurance premiums;

     -- employee expense reimbursements; and

     -- all traditional employee benefits.  

Southwestern Wisconsin Dairy Goat Products Cooperative -- dba Mt.
Sterling Co-op Creamery, Mt. Sterling Cheese Co-op and Mt. Sterling
Cheese -- employs 15 workers and produces high quality dairy goat
products, including cheese and butter.  The company filed a
voluntary chapter 11 petition (Bankr. W.D. Wis. Case No. 16-11994)
on June 3, 2016, and is represented by lawyers at Krekeler
Strothers, S.C., in Madison, Wis.


SPEEDWAY MOTORSPORTS: S&P Affirms 'BB+' CCR, Outlook Stable
-----------------------------------------------------------
S&P Global Ratings said that on May 26, 2016 it affirmed its 'BB+'
corporate credit rating on Concord, N.C.-based Speedway Motorsports
Inc. (SMI).  The outlook is stable.

At the same time, S&P affirmed its 'BB+' rating on the company's
senior unsecured debt.  The recovery rating remains '3', which
indicates S&P's expectation for meaningful (50%-70%; upper end of
range) recovery in the event of a payment default.

S&P also affirmed the 'BBB' issue-level ratings on the company's
$100 million senior secured revolver and $200 million delayed draw
term loan.  The recovery rating remains '1', which indicates S&P's
expectation for very high recovery (90%-100%) in the event of a
payment default.

"The revision of our liquidity assessment to strong from adequate
(following the company's issuance of $200 million of senior notes
due 2023, which enabled it to extend its debt maturities) reflects
our expectation that sources of liquidity will exceed uses by over
2.70x in the next 12 months, and that net sources will remain
positive, even with a 30% decline in forecasted EBITDA," said S&P
Global Ratings credit analyst Latisha Kimber.

The stable rating outlook reflects S&P's view that a large
proportion of contractually increasing and recurring revenues from
broadcasting will partly offset a slow recovery in admissions
revenue, and support leverage of around 2x and FFO to debt in the
low-40% area.


SPORTS AUTHORITY: Wants Sept. 28 Exclusive Plan Filing Deadline
---------------------------------------------------------------
Sports Authority Holdings, Inc., et al., ask the U.S. Bankruptcy
Court for the District of Delaware to extend the periods within
which only the Debtors may file a Chapter 11 plan and solicit
acceptances thereof by 90 days, through and including Sept. 28,
2016, and Nov. 28, 2016, respectively.

A hearing on the request is set for June 28, 2016, at 10:30 a.m.
(ET).  Objections must be filed by June 21, 2016, at 4:00 p.m.
(ET).

Unless extended, the Debtors' Plan Period and Solicitation Period
will expire on June 30, 2016, and Aug. 29, 2016, respectively.

Since the Petition Date, the Debtors have focused their efforts and
resources on, among other things, stabilizing their businesses,
ensuring a smooth transition into Chapter 11, complying with the
myriad reporting requirements imposed on a Chapter 11 debtor, and
working to obtain approval of various sales of their assets,
including an agency agreement.  The Chapter 11 cases have been
contentious and burdened by extensive litigation since the Petition
Date as the Debtors attempted to, among other things, protect the
estates' interest in consigned goods and secure postpetition
financing over strenuous objection.  

The Debtors and their professionals have devoted significant time
and resources to, among other things, (i) coordinating tasks
associated with the various sales, including the negotiation of
underlying documents and other instruments submitted by multiple
bidders and actively participating in the necessary diligence
attendant thereto; (ii) resolving a significant number of sale
objections and contract counterparty inquiries in connection with
the Sales; (iii) participating in extensive litigation related to
consigned goods and use thereof; (iv) resolving or otherwise
overcoming hundreds of objections to the Debtors' proposed bid
procedures and sale timeline; (v) litigating significant issues
pertaining to "stub" rent and the extension of time to reject or
assume leases of nonresidential real property; (vi) securing
postpetition financing over significant landlord, the Official
Committee of Unsecured Creditors and creditor objections; (vii)
finalizing and filing the Debtors' schedules of assets and
liabilities and statements of financial affairs, which necessarily
required a significant expenditure of time and effort on the part
of the Debtors' management and certain of their personnel and
professional advisors; and (viii) ensuring that the estates
continue to be competently and efficiently managed during the
pendency of these Chapter 11 cases.

The Debtors and their advisors have been dealing with
administrative issues attendant to these Chapter 11 cases,
including, but not limited to: (i) obtaining Court approval for
multiple bar dates and implementing notice services in relation
thereto; (ii) responding to routine and numerous creditor
inquiries; (iii) retaining professionals; (iv) evaluating and
resolving requests for additional adequate assurance of future
payment from certain utility providers; (v) obtaining approval of a
key employee retention plan; and (vi) preparing initial and
subsequent monthly operating reports.  These demands on the Debtors
during the first four months of the Chapter 11 cases have occupied
significant time and resources, and required substantial attention
from the Debtors' respective retained professionals.

With respect to the Sales, in particular, the Debtors have directed
substantially all of their energy and resources towards maintaining
ongoing operations and business relationships while simultaneously
soliciting interest in their assets.  Now that the Agency Agreement
has been approved, the Debtors will focus on marketing the
Remaining Leases and their other assets for sale while the Retail
Inventory is liquidated over the summer.  As set forth in the
timeline filed with the Court, this sale process is expected to
conclude by mid-July and the Retail Inventory will be sold at
retail locations through approximately the end of August.  Given
this timeline, the Debtors believe that it is in the best interests
of all parties to allow the Debtors sufficient additional time to
determine the scope of the Sales' proceeds and to formulate a
practical and effective Chapter 11 plan after the marketing
strategies have run their course.

The Debtors worked closely with their professionals to evaluate all
potential strategic and financial buyers in connection with the
Sales, held robust Auctions that led to the selection of the
agent's bid, and obtained Court approval of the Agency Agreement.
In addition, the Debtors have commenced the Consignment Adversary
Proceedings and expect that they will result in significant upside
for the estates.

As the Debtors continue to make timely payment on their undisputed
post-petition obligations, the requested extension of the Exclusive
Periods will not prejudice the legitimate interests of
post-petition creditors.

The Debtors' counsel can be reached at:

      Michael R. Nestor, Esq.
      Kenneth J. Enos, Esq.
      Andrew L. Magaziner, Esq.
      YOUNG CONAWAY STARGATT & TAYLOR, LLP
      Rodney Square
      1000 North King Street
      Wilmington, Delaware 19801
      Tel: (302) 571-6600
      Fax: (302) 571-1253
      E-mail: mnestor@ycst.com
              kenos@ycst.com
              amagaziner@ycst.com

                  and

      Robert A. Klyman, Esq.
      Matthew J. Williams, Esq.
      Jeremy L. Graves, Esq.
      Sabina Jacobs, Esq.
      GIBSON, DUNN & CRUTCHER LLP
      333 South Grand Avenue
      Los Angeles, CA 90071-1512
      Tel: (213) 229-7000
      Fax: (213) 229-7520
      E-mail: rklyman@gibsondunn.com
              mjwilliams@gibsondunn.com
              jgraves@gibsondunn.com
              sjacobs@gibsondunn.com

                     About Sports Authority

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.


STARDUST FINANCE: Moody's Affirms B2 CFR, Outlook Remains Stable
----------------------------------------------------------------
Moody's Investors Service affirmed Stardust Finance Holdings,
Inc.'s B2 CFR following the company's announcement of an
incremental $270 million first lien term loan to be used to fund a
dividend to shareholders and pay for related transaction expenses.
The terms and conditions for proposed incremental facility will be
the same as those for the existing term loan.  Moody's also
downgraded Stardust Finance Holdings, Inc.'s existing senior
secured first lien term loan due 2022 to a B2 from a B1 rating as
the company is increasing its $875 million first lien term loan to
$1,145 million following the proposed $270 million incremental
facility.  The $1,145 million senior secured first lien term loan
now makes up the vast majority of the capital structure which
brings it in line with the company's CFR.  In a related rating
action, Moody's affirmed a Caa1 rating on Stardust Finance
Holdings, Inc.'s $260 million senior secured second lien term loan
due 2023.  The rating outlook remains stable.

This is a summary of Moody's ratings and rating actions taken for
Stardust Finance Holdings, Inc.:

   -- Corporate family rating, affirmed B2;
   -- Probability of Default Rating, affirmed B2-PD;
   -- $1,145 million senior secured first lien term loan (includes

      $270 million add-on) due 2022, downgraded to B2 (LGD3) from
      B1 (LGD3);
   -- $260 million senior secured second lien term loan due 2023,
      affirmed Caa1 (LGD5);

Outlook Actions:

  Outlook remains Stable

                         RATINGS RATIONALE

The B2 rating remains appropriate at this time, and takes into
consideration Stardust Finance Holdings, Inc.'s aggressive
financial policies, limited standalone operating history, and
credit metrics in line with a B2 rating category.  Moody's
anticipates the company will close FY 2016 with total debt levels
around $1,200 million, a historical high.  Moody's expects leverage
(measured as debt-to-EBITDA) to be between 4.3x to 5.0x by FYE
2016.  Moody's views the recently announced debt-financed dividend
to main sponsor Lone Star Funds as a credit negative and consider
it part of an increasingly aggressive financial strategy. We expect
Stardust Finance Holdings, Inc. to perform well during the next 12
to 18 months with sales approaching $1,750 million by FYE 2016
while maintaining gross margins around the 20% mark. These levels
of operating performance should allow Stardust Finance Holdings,
Inc. to remain well within the current rating category despite its
increased shareholder-friendly activities.

The stable outlook for is based upon expectation that the company
will be able to generate sufficient cash from operations to fund
basic cash requirements and expenditures while maintaining its
credit metrics within the B2 category.

WHAT COULD CHANGE RATINGS UP/DOWN

Positive rating actions could ensue if Stardust Finance Holdings,
Inc.'s operating performance exceeds our expectations, resulting in
a better liquidity profile and adjusted debt credit metrics as:

   -- Adjusted debt-to-EBITDA sustained below 4.0x.
   -- Interest coverage (measured as EBITA-to-Interest Expense),
      sustained above 2.5x.
   -- Consistent levels of positive free cash flow are maintained.
   -- Demonstrates financial policies that balance credit
      improvement with growth and equity return goals.

Alternatively, negative rating actions may occur if Stardust
Finance Holdings, Inc.'s operating performance falls below Moody's
expectations, or if the company experiences a weakening in
financial performance resulting in the following adjusted metrics:

   -- Adjusted debt-to-EBITDA increasing above 5.5x.
   -- Interest coverage (measured as EBITA-to-Interest Expense),
      sustained below 1.0x.
   -- Operating and profit margins contract materially.
   -- Free cash flow deteriorates significantly and on a sustained

      basis.

Corporate Profile:

Headquartered in Irving, Texas, and operating under the brand name
"Forterra Building Products" (formerly "Hanson Building Products")
Stardust Finance Holdings, Inc. manufactures concrete and clay
building products in the United States and Canada.  The company
operates under three divisions: Drainage Pipe & Precast Structures,
Water Transmission Pipe & Products, and Bricks.  In 2015, Stardust
Finance Holdings, Inc. generated $1,298.8 million of revenue and
$159 million of Moody's adjusted EBITDA.  All calculations include
Moody's standard adjustments.

The principal methodology used in these ratings was Global
Manufacturing Companies published in July 2014.


STEEL FUNDING: S&P Preliminary Rates Participation Notes 'BB+'
--------------------------------------------------------------
S&P Global Ratings assigned its 'BB+' preliminary credit rating to
Steel Funding Ltd.'s loan participation notes.

The note proceeds from the issuer will only be lent to NLMK OJSC (a
Russia-based steel company) under a loan agreement.

The key risk for the notes issued by Steel Funding is the credit
risk of NLMK, who will be paying timely interest on the repack
notes each quarter and ultimate principal on the final maturity
date. NLMK is rated 'BB+'.

The issuer will pay the transaction expenses, which it will fund
using the sum received from NLMK.  The paying agent in the
transaction will pass on the proceeds received from NLMK (both
interest and principal) to the noteholders.

S&P's preliminary rating on Steel Funding's notes will at all times
be equal to the rating on NLMK (who will pay interest and principal
on the notes).

S&P has therefore weak-linked its preliminary rating on the notes
to its 'BB+' rating on NLMK.

RATINGS LIST

Steel Funding Ltd.

US$0 mil loan participation notes
                                            Prelim Amount
Class                 Prelim Rating         (mil, USD)
                      BB+                   TBD

TBD--To be determined.


STONE ENERGY: JPMorgan Only Owns 539 Shares as of May 31
--------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, JPMorgan Chase & Co. disclosed that as of May 31, 2016,
it beneficially owns 539 shares of common stock, par value $.01 per
share, of Stone Energy Corporation representing 0% of the shares
outstanding.  A copy of the regulatory filing is available for free
at https://is.gd/2EsPeg

                         About Stone Energy

Stone Energy is an independent oil and natural gas company engaged
in the acquisition, exploration, exploitation, development and
operation of oil and gas properties.  The Company has been
operating in the Gulf of Mexico Basin since its incorporation in
1993 and have established a technical and operational expertise in
this area.  The Company has leveraged its experience in the GOM
conventional shelf and expanded its reserve base into the more
prolific basins of the GOM deep water, Gulf Coast deep gas and the
Marcellus and Utica shales in Appalachia.  As of Dec. 31, 2015,
the Company's estimated proved oil and natural gas reserves were
approximately 57 MMBoe or 342 Bcfe.  During 2015, approximately 95
MMBoe or 570 Bcfe of the Company's estimated proved reserves were
revised downward as a result of lower oil, natural gas and natural
gas liquids prices.

Stone Energy reported a net loss of $1.1 billion in 2015 following
a net loss of $189.54 million in 2014.  As of March 31, 2016, Stone
Energy had $1.64 billion in total assets, $1.87 billion in total
liabilities and a total stockholders' deficit of $225 million.

                         *    *    *

In March 2016, Standard & Poor's lowered its corporate credit
rating on U.S.-based oil and gas exploration and production company
Stone Energy to 'CCC-' from 'CCC+'.

As reported by the TCR on May 23, 2016, Moody's Investors Service
downgraded Stone Energy Corporation's Corporate Family Rating (CFR)
to Ca from Caa2, Probability of Default Rating (PDR) to Ca-PD from
Caa2-PD, and senior unsecured rating to Ca from Caa3. The SGL-4
Speculative Grade Liquidity (SGL) rating was affirmed. The rating
outlook remains negative.


STUART MARTIN LEDIS: July 27 Plan Confirmation Hearing Set
----------------------------------------------------------
Judge Erik P. Kimball of the U.S. Bankruptcy Court for the Southern
District of Florida, West Palm Beach Division, approved the
disclosure statement explaining Stuart Martin Ledis's
bankruptcy-exit plan after determining that the disclosure
statement contains "adequate information" regarding the plan in
accordance with Section 1125(a) of the Bankruptcy Code.

The confirmation hearing will be held on July 27, 2016, at 2:00
P.M.  At the hearing, the Court will also consider fee applications
filed in the Debtor's bankruptcy case.  The deadline for filing fee
applications is July 6, 2016.

The deadline for objections to confirmation and for filing ballots
accepting or rejecting the plan is July 13.  The Plan Proponent has
until July 22 to file a report and confirmation affidavit and a
certificate for confirmation regarding payment of domestic support
obligations and filing of required tax returns.

If the plan proponent does not timely comply with any of the
requirements of this order, the court may impose sanctions at the
confirmation hearing without further notice including dismissal,
conversion of the case to chapter 7, or the striking of the plan.
The court will also consider dismissal or conversion at the
confirmation hearing at the request of any party or on the court's
own motion.

The bankruptcy case is In re: Stuart Martin Ledis, Case No.
15-22103-EPK (Bankr. S.D. Fla.).


SUGARMAN'S PLAZA: Case Summary & 6 Unsecured Creditors
------------------------------------------------------
Debtor: Sugarman's Plaza Limited Partnership
        1616 54th Street
        Brooklyn, NY 11204

Case No.: 16-42496

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: June 7, 2016

Court: United States Bankruptcy Court
       Eastern District of New York (Brooklyn)

Judge: Hon. Elizabeth S. Stong

Debtor's Counsel: David Carlebach, Esq.
                  THE CARLEBACH LAW GROUP
                  55 Broadway, Suite 1902
                  New York, NY 10006
                  Tel: (347) 329-1241
                  Fax: (347) 472-0094
                  E-mail: david@carlebachlaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Chaim Laufer, general partner of TSC
Associates.

A list of the Debtor's six largest unsecured creditors is available
for free at http://bankrupt.com/misc/nyeb16-42496.pdf


SUNEDISON INC: Pushes Ahead on Project Spending as Creditors Fret
-----------------------------------------------------------------
Peg Brickley, writing for Daily Bankruptcy Review, reported that
SunEdison Inc. moved ahead on turnaround financing on June 7, 2016,
but there is still no firm answer on the direction the embattled
solar-power developer's bankruptcy is taking.

According to the report, the company's Chapter 11 could end in a
reorganization or a controlled selloff and winding down of its
portfolio of dozens of power projects in varying stages of
development.

"It is the intention and expectation of this debtor that we are
reorganizing," SunEdison lawyer Jay Goffman said at a hearing in
U.S. Bankruptcy Court in Manhattan, the report cited.

Creditors, however, are watching the company's spending carefully,
worried that money that goes out the door now will only add to the
$8 billion pile of debt SunEdison is trying to address, the report
related.

Shareholders, who were supposed to have their day in court on June
7, saw themselves pushed to the sidelines while SunEdison lined up
money to spend and authority to spend it, the report further
related.  SunEdison will tackle the question of whether an official
committee should be appointed to represent equity stakeholders
later in the chapter 11 proceeding, the report added.

                      About SunEdison, Inc.

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.

On April 21, 2016, SunEdison, Inc., and 25 of its affiliates each
filed a Chapter 11 bankruptcy petition (Bankr. S.D.N.Y. Case Nos.
16-10991 to 16-11017).  Martin H. Truong signed the petitions as
senior vice president, general counsel and secretary.

The Debtors disclosed total assets of $20.71 billion and total
debts of $16.14 billion as of Sept. 30, 2015.

The Debtors have hired Skadden, Arps, Slate, Meagher & Flom LLP as
counsel, Togut, Segal & Segal LLP as conflicts counsel, Rothschild
Inc. as investment banker and financial advisor, McKinsey Recovery
& Transformation Services U.S., LLC, as  restructuring advisors and
Prime Clerk LLC as claims and  noticing agent.  The Debtors
employed PricewaterhouseCoopers LLP as financial advisors; and KPMG
LLP as their auditor and tax consultant.

An official committee of unsecured creditors has been appointed in
the case.  The committee tapped Weil, Gotshal & Manges LLP as its
general bankruptcy counsel and Morrison & Foerster LLP as special
counsel.


TANGO TRANSPORT: Committee Taps Stillwater as Financial Advisor
---------------------------------------------------------------
The official committee of unsecured creditors of Tango Transport,
LLC and its affiliates seeks approval from the U.S. Bankruptcy
Court for the Eastern District of Texas to hire Stillwater Advisory
Group, LLC as its financial advisor.

The services to be provided by the firm include:

     (a) assistance in the analysis, review and monitoring of the
         restructuring process;

     (b) assistance in the review of financial information
         prepared by the Debtors;

     (c) assistance in the review of the Debtors' analysis of
         continuing business assets and the potential disposition
         or liquidation of the same;

     (d) assistance in the review or preparation of information
         and analysis necessary for the confirmation of a Chapter
         11 plan;

     (e) attendance at meetings and assistance in discussions with
         the Debtors and other parties;

     (f) assistance in the review of financial-related disclosures
         required by the court;

     (g) assistance in the review of the Debtors' cost/benefit
         analysis with respect to the affirmation or rejection of
         various executory contracts and leases;

     (i) assistance in the evaluation, analysis, and forensic
         investigation of avoidance actions; and

     (j) assistance in the prosecution of committee responses or   
      
         objections to the Debtors' motions.

David Phelps, the managing director at Stillwater Advisory Group
who will be providing the services, will be billed at $375 per
hour.  

Aside from professional fees, the firm will also receive
reimbursement for work-related expenses.

In a court filing, Mr. Phelps disclosed that the firm is a
"disinterested person" as defined in section 101(14) of the
Bankruptcy Code.

Stillwater Advisory can be reached through:

     David N. Phelps
     Stillwater Advisory Group, LLC
     PO Box 1022
     Beverly Shores, IN 46301
     Tel: 219-241-0701

The committee can be reached through its counsel:

     Tristan Manthey, Esq.
     Heller, Draper, Patrick, Horn & Dabney, LLC
     650 Poydras Street, Suite 2500
     New Orleans, Louisiana 70130
     Telephone: 504-299-3300
     Facsimile: 504-299-3399
     Email: tmanthey@hellerdraper.com

                       About Tango Transport

Tango Transport, LLC provides dry van and flatbed services. It
offers over-the-road truckload services; and dedicated/private
fleet conversion, expedited, third party logistics, heavy hauling,
and brokerage services. The company also provides logistic
services, including warehouse and distribution, warehouse
management, inventory control, freight payment and audit, and
transportation control services; and reverse logistics solutions.
It serves Fortune 500 companies in the United States. The company
was founded in 1991 and is based in Shreveport, Louisiana. It
operates a terminal in Shreveport, Louisiana; and facilities in
Sibley, Louisiana; West Memphis, Arkansas; and Madisonville,
Kentucky.

Tango Transport, LLC sought protection under Chapter 11 of the
Bankruptcy Code in the U.S. Bankruptcy Court for the Eastern
District of Texas (Sherman) (Case No. 16-40642) on April 6, 2016.
The petition was signed by B.J. Gorman, president of Gorman Group,
Inc., sole member of Debtor.

The Debtor is represented by Keith William Harvey, Esq., at The
Harvey Law Firm, P.C.

The Debtor estimated assets of $0 to $50,000 and debts of $10
million to $50 million.


TEXAS PELLETS: North American Procurement Appointed to Committee
----------------------------------------------------------------
The Office of the U.S. Trustee on June 7 appointed Lonnie Grissom,
Jr., of North American Procurement Company to serve on the official
committee of unsecured creditors of Texas Pellets Inc. and German
Pellets Texas LLC.

The bankruptcy watchdog had earlier appointed Paula Williams of
J.A.M. Distributing Company and John Wade Womack of Jasper Oil
Company, court filings show.

North American Procurement's contact information is:

     Lonnie Grissom, Jr.
     North American Procurement Company
     P.O. Box 2279
     Woodville, TX 75979
     (409) 283-5355
     Lonnie-napco@earthlink.net

                        About Texas Pellets

Texas Pellets, Inc., based in Woodville, Texas, filed a Chapter 11
petition (Bankr. E.D. Tex. Case No. 16-90126) on April 30, 2016,
listing $100 million to $500 million in both assets and
liabilities.  The petition was signed by Anna Katherin Leibold,
president and chief executive officer.

German Pellets Texas, LLC, also based in Woodville, Texas, filed a
Chapter 11 petition (Bankr. E.D. Tex. Case No. 16-90127) on April
30, 2016, listing $10 million to $50 million in both assets and
liabilities.  The petition was signed by Peter H. Leibold, its
chief executive officer.

The cases have been jointly administered under Texas Pellets' case.
Judge Bill Parker presides over the cases.


THOMAS WELTON NORWOOD: Plan to Pay 32% to Unsecured Creditors
-------------------------------------------------------------
Thomas Welton Norwood filed with the U.S. Bankruptcy Court for the
Northern District of Alabama, Northern Division, a second amended
disclosure statement proposing to pay holders of general unsecured
claims a pro rata basis from the Debtor's projected disposable
income during the five-year period beginning on the date that the
first payment is due under the plan, or during the period for which
the plan provides payments, whichever is longer.

Based upon the Debtor's current income and expenses including
repayment of debt, he estimates that his disposable income is
approximately $1,321 per month, which based on current allowed
claims totaling $241,390, would pay 32% of the allowed claims.

A full-text copy of the Second Amended Disclosure Statement dated
June 2, 2016, is available at
http://bankrupt.com/misc/alnb15-82867-109.pdf

The bankruptcy case is In the Matter of: THOMAS WELTON NORWOOD,
Case No. 15-82867-CRJ11 (Bankr. N.D. Ala.).


TOUCHSTONE EXPLORATION: Executes Waiver to Credit Agreement
-----------------------------------------------------------
Touchstone Exploration Inc. on June 7, 2016, disclosed that it
liquidated its outstanding commodity hedging contracts on June 2,
2016 for gross proceeds of US$2,019,000 and voluntarily repaid its
outstanding US$2,000,000 principal credit facility balance.

Effective June 7, 2016, the Company and its lender executed an
Amendment and Limited Waiver to the Credit Agreement (the
"Amendment").  The Amendment waived the Company's minimum hedging
requirement under the credit facility, which was previously set at
notional volumes of 800 barrels per day ("bbls/d") on a rolling
twelve-month basis.  The Amendment also cured the Company's April
and May monthly production covenant breaches.  Touchstone produced
an average of 1,318 bbls/d in April and 1,366 bbls/d in May
compared to the minimum monthly average requirement of 1,400
bbls/d.

In addition, the Amendment reduced the credit facility borrowing
base from US$8,000,000 to US$6,000,000.  Currently there is no
balance drawn on the credit facility, and the full $6,000,000
borrowing base is dedicated to the Company's letter of credit
relating to the East Brighton property.

The Amendment also extended the previously disclosed US$1,000,000
prepayment due on May 31, 2016 to July 15, 2016 should the East
Brighton letter of credit remain outstanding.  In the event that
this prepayment occurs or the East Brighton letter of credit is
cancelled, the borrowing base is concurrently reduced by an equal
amount.

Upon the closing of the East Brighton disposition and the
cancellation of the associated letter of credit, the Company and
its lender will assess the credit facility which may include a new
borrowing base redetermination.

                         About Touchstone

Touchstone Exploration Inc. -- http://www.touchstoneexploration.com
-- is a Calgary based company engaged in the business of acquiring
interests in petroleum and natural gas rights, and the exploration,
development, production and sale of petroleum and natural gas.
Touchstone is currently active in onshore properties located in the
Republic of Trinidad and Tobago.  The Company's common shares are
traded on the Toronto Stock Exchange under the symbol "TXP".


TRUE RELIGION: S&P Affirms 'CCC' CCR, Outlook Remains Negative
--------------------------------------------------------------
S&P Global Ratings affirmed its ratings, including the 'CCC'
corporate credit rating, on Manhattan Beach, Calif.-based True
Religion Apparel Inc.  The rating outlook remains negative.

"Our affirmation reflects our revision of True Religion's
profitability assessment to vulnerable from weak, which is based on
the continued and meaningful decline in the company's adjusted
EBITDA margins," said S&P Global Ratings analyst Mathew Christy.
"The revision has no effect on the issuer and debt-level ratings."


True Religion's operating performance has steadily worsened with
continued negative comparable-store sales in the fiscal year ending
January 2016, which follows a meaningful same-store sales decline
in fiscal 2015, and ongoing store closures both domestically and
internationally.  Additionally, the continued deterioration in
EBITDA margins and operating performance has led to negative free
operating cash flow and adjusted leverage greater than 9x.

The rating on True Religion reflects its niche and small-scale
position in the highly competitive, fragmented, and volatile
specialty apparel industry and its focus on the narrow premium
denim market.  Moreover, S&P expects the operating environment for
the specialty apparel industry will remain difficult, given
heightened industry competition (especially from fast fashion,
online, and off-price retailers), a sustained promotional
environment, and a continuing trend of customers spending away from
apparel towards travel, rent and housing, health care, restaurants,
and savings in light of sluggish wage growth.  As a result, S&P
believes operating performance will remain vulnerable to the
increasingly competitive apparel industry as well as the fashion
risk associated with the company's fairly narrow merchandising
focus, as exhibited in recent negative performance trends and the
significant decline in EBITDA margins.

The negative outlook reflects S&P's view of the company's eroding
liquidity as a result of sharply declining earnings.  In addition,
S&P believes its capital structure could be unsustainable absent a
meaningful performance improvement.

S&P could lower its ratings if it believes a default is inevitable
within the next six months.  This could occur if continuous
operating performance deterioration is worse than S&P's base-case
assumptions, causing a meaningful draw on the revolver and further
erosion in liquidity, leading the company to seek a restructuring
of its capital structure.

A higher rating is unlikely in the next 12 months given declining
performance trends and S&P's view that the company does not
generate sufficient cash flows to support its operations and
interest burden. A positive rating action would be predicated on a
significant reversal in operating performance and positive free
operating cash flow generation, leading to an improvement in the
company's liquidity position and credit protection metrics.


TTJ ENTERPRISES: Exclusive Plan Filing Period Extended to July 30
-----------------------------------------------------------------
The Hon. Douglas D. Dodd of the U.S. Bankruptcy Court for the
Middle District of Louisiana has extended, at the behest of TTJ
Enterprises, LLC, (i) the exclusive 120-day period within which the
Debtor may maintain exclusivity to file its plan of reorganization
and any amendments thereto, and (ii) the 180-day period within
which the Debtor may obtain acceptance of its plan for an
additional 60 days -- July 30, 2016 and Sept. 28, 2016,
respectively.

As reported by the Troubled Company Reporter on May 3, 2016, the
Debtor sought the extensions, telling the Court that the Plan to be
proposed by the Debtor will largely depend on the claims alleged
against the estate.  The Debtor anticipates the filing of an
objection, and possibly an adversary proceeding, against one of the
creditors allegedly holding significant claims against the estate.


TTJ Enterprises, LLC, based in Baton Rouge, Louisiana, filed a
Chapter 11 petition (Bankr. M.D. La. Case No. 16-10112) on Feb. 1,
2016.  Noel Steffes Melancon, Esq., and William E. Steffes, Esq.,
at Steffes Vingiello & McKenzie LLC.

In its petition, the Debtor estimated $1 million to $10 million in
both assets and liabilities.  The petition was signed by James
Taylor Jeansonne, president.


UCI HOLDINGS: Files Voluntary Chapter 11 Bankruptcy Petition
------------------------------------------------------------
UCI Holdings Limited and its subsidiary UCI International, LLC
("UCI" or the "Company") on June 2 disclosed that they filed
voluntary petitions under Chapter 11 of the United States
Bankruptcy Code.  UCI commenced the filing to deleverage the
company and better position the company for future growth.  The
filing includes all of the Company's domestic operating companies
which include Airtex Products, L.P., ASC Industries, Inc., and
Champion Laboratories, Inc.  The bankruptcy filing does not relate
to the Company's international operations or to affiliates
Autoparts Holdings or FRAM Group Holdings.

The Company is working with its lead bondholders, including funds
managed by BlackRock, JP Morgan, and Credit Suisse Asset
Management, on the terms of a consensual restructuring.  The
Company does not expect the filing to have an impact on the
day-to-day operations of the Company.  During the Chapter 11
process, vendors will be paid for post-petition purchases of goods
and services in the ordinary course of business.  The Company has
asked the Court for authorization to continue paying its employee
wages, salaries, and benefits without interruption and to continue
all customer programs.

"Filing for Chapter 11 was a difficult decision, but the right one
to reposition the Company.  Our business and our brands remain
strong?we're still investing capital, launching new products and
offerings, hiring new talent to support our growth objectives and
we have ample liquidity to operate our business," said UCI's
General Counsel, Keith Zar.  The Company continues to operate all
of its manufacturing operations and provide the same great product
to its customers on a daily basis.

Headquartered in Evansville, Indiana -- http://www.ucinc.com-- UCI
is one of the larger and more diversified companies primarily
servicing the vehicle aftermarket.  The company supplies a broad
range of filtration products, fuel delivery systems, cooling
systems, and vehicle electronics products.


UGHS SENIOR LIVING: Hires CohnReznick LLP as Accountants
--------------------------------------------------------
UGHS Senior Living, Inc. and its debtor-affiliates seek
authorization from the Hon. Leticia Z. Paul of the U.S. Bankruptcy
Court for the Southern District of Texas to employ CohnReznick LLP
as accountants to prepare tax returns for the Debtors.

The Debtors desire to employ CohnReznick as their accountants to
prepare federal and state income tax returns for each of the
Debtors for five separate tax calendar years from 2011 through
2015.

The Debtors shall pay CohnReznick a flat fee of $65,000 in exchange
for CohnReznick's services.

James J. Wienclaw, partner of CohnReznick, 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.

The Bankruptcy Court will hold a hearing on the application on June
13, 2016, at 12 noon.

CohnReznick can be reached at:

       James J. Wienclaw
       COHNREZNICK LLP
       1212 Avenue of the Americas
       New York, NY 10036
       Tel: (212) 297-0400
       Fax: (212) 922-0913

UGHS Senior Living, Inc., filed for Chapter 11 bankruptcy
protection (Bankr. S.D. Tex. Case No. 15-80399) on Nov. 10, 2015,
estimating its assets at up to $50,000 and liabilities at between
$1 million and $10 million.  The petition was signed by Chad J.
Shandler, chief restructuring officer.  Judge Letitia Z. Paul
presides over the case.

John F Higgins, IV, Esq., and Aaron James Power, Esq., at Porter
Hedges LLP serve as the Debtor's bankruptcy counsel.

These affiliates also filed separate Chapter 11 bankruptcy
petitions: TrinityCare Senior Living, LLC (Bankr. S.D. Tex. Case
No. 15-80400), UGHS Senior Living Real Estate of Port Lavaca, LLC
(Bankr. S.D. Tex. Case No. 15-80401), UGHS Senior Living Real
Estate of Pearland, LLC (Bankr. S.D. Tex. Case No. 15-80402), UGHS
Senior Living Real Estate of Knoxville, LLC (Bankr. S.D. Tex. Case
No. 15-80406), UGHS Senior Living of Pearland, LLC (Bankr. S.D.
Tex. Case No. 15-80404), UGHS Senior Living of Port Lavaca, LLC
(Bankr. S.D. Tex. Case No. 15-80405), UGHS Senior Living of
Knoxville, LLC (Bankr. S.D. Tex. Case No. 15-80406), TrinityCare
Senior Living of Covington, LLC (Bankr. S.D. Tex. Case No.
15-80407), TrinityCare Lighthouse of Pearland, LLC (Bankr. S.D.
Tex. Case No. 15-80408), and UGHS Senior Living Real Estate, LLC
(Bankr. S.D. Tex. Case No. 15-80409).

TrinityCare Senior Living, LLC, estimated its assets at between $1
million and $10 million and its liabilities at between $100,000 and
$500,000.

UGHS Senior Living, Inc., is headquartered at Friendswood, Texas.



USAGM TOPCO: S&P Raises CCR to 'B+' on Proposed Merger
------------------------------------------------------
S&P Global Ratings said it has raised its corporate credit rating
on Santa Anna, Calif.-based USAGM Topco LLC to 'B+' from 'B'.  The
rating outlook is stable.

At the same time, S&P raised its issue-level rating on USAGM's
first-lien credit facilities to 'B+' from 'B', which include the
existing $130 million revolver due 2020 that will be upsized by
$170 million, and the $780 million term loan due 2022.  The company
will add on $1.26 billion to the existing first-lien term loan.
The '3' recovery rating remains unchanged, indicating S&P's
expectation for meaningful recovery (50%-70%; lower half of the
range) of principal in the event of payment default.

S&P also raised its issue-level rating on the company's second-lien
$245 million term loan due 2023 to 'B-' from 'CCC+'.  The '6'
recovery rating is unchanged, indicating S&P's expectation for
negligible recovery (0%-10%) of principal in the event of a payment
default.

Concurrently, S&P assigned its 'B+' issue-level rating and '3'
recovery rating to USAGM's proposed $250 million first-lien delayed
draw term loan due 2022.  The '3' recovery rating indicates S&P's
expectation for meaningful recovery (50%-70%; lower half of the
range) of principal in the event of a payment default.

S&P will withdraw its ratings on Allied Security Holdings LLC once
the transaction closes and the company's outstanding debt
obligations have been repaid.

"The upgrade reflects our view that USAGM's proposed merger with
Allied will result in increased scale and leading market share in
the domestic manned security services industry, offset by the
company's high financial leverage and narrow business focus," said
S&P Global Ratings credit analyst Peter Deluca.  "Our corporate
credit rating on USAGM also reflects the company's flexible cost
structure, solid profitability, diversified client base, and good
client retention experience.  We believe integration risks are
relatively low and synergy potential is high because the companies
are closely related and have completed in-depth due diligence."

The stable rating outlook reflects S&P's expectation that USAGM's
financial leverage will decline after the merger, with debt to
EBITDA falling below 7x in 2017.  S&P believes this would result
from low integration risk, operating synergies and sharing of best
practices, continued solid organic growth, and good free cash flow
generation.

S&P could lower its corporate credit rating on USAGM if S&P expects
the company's credit metrics to remain weak, including debt to
EBITDA remaining above 7x into 2017.  This could occur from an
unexpected inability to achieve planned synergies, a reputation
damaging event, or unexpected customer contract losses leading to
lower cash flow and profitability.

Given the company's high debt levels and financial sponsor
ownership, it is unlikely that S&P would consider an upgrade during
the next 12 months.  Longer term, S&P would consider an upgrade if
the company improves its credit metrics (perhaps due to a less
aggressive financial policy) such that debt to EBITDA remains below
5x.  S&P estimates this could occur if the company permanently pays
down approximately $1 billion in debt (assuming current debt and
EBITDA).


VALEANT PHARMACEUTICALS: Files 2015 Conflict Minerals Report
------------------------------------------------------------
Valeant Pharmaceuticals International, Inc., filed with the
Securities and Exchange Commission its Conflict Minerals Report
for calendar year 2015, prepared and submitted in accordance with
Rule 13p-1 under the Securities Exchange Act of 1934.

On Aug. 22, 2012, the SEC issued its rule on conflict minerals in
accordance with Section 1502 of the Dodd-Frank Wall Street Reform
and Consumer Protection Act.  The Dodd-Frank Act and related rules
require certain companies to disclose the extent to which the
products they manufacture or contract to manufacture contain
conflict minerals sourced from the Democratic Republic of the Congo
or adjoining countries.  Conflict minerals include tantalum, tin,
tungsten and gold, which are used in many electronic components and
medical devices specifically for patient safety and reliability.

As a multinational specialty pharmaceutical and medical device
company that develops, manufactures, and markets a broad range of
branded, generic and branded generic pharmaceuticals,
over-the-counter products, and medical devices, Valeant
Pharmaceuticals International, Inc. promotes the traceability of
these minerals and the transparency of our supply chain.  Valeant
firmly believes that its customers should be fully informed about
its products.

With respect to those limited aspects of Valeant's business that
manufacture or contract to manufacture products that do contain
tantalum, tin, tungsten and/or gold, which are necessary for the
safe functionality of the product, Valeant endeavors not to
purchase products that contain conflict minerals that directly or
indirectly finance or benefit armed groups in the DRC or adjoining
countries.  Valeant expects its portfolio of suppliers to source
conflict minerals only from responsible sources.

"We fully understand the importance of this issue to our customers
and are committed to supply chain initiatives and overall corporate
social responsibility and sustainability efforts that promote a
supply chain that is free of conflict minerals that directly or
indirectly finance or benefit armed groups in the DRC or adjoining
countries."

The Conflict Minerals Policy Statement can be found at:

                       https://is.gd/wEeklS

                           About Valeant

Valeant Pharmaceuticals International, Inc. (NYSE/TSX:VRX) --
http://www.valeant.com/-- is a multinational specialty   
pharmaceutical company that develops, manufactures and markets a
broad range of pharmaceutical products primarily in the areas of
dermatology, gastrointestinal disorder, eye health, neurology and
branded generics.

Valeant reported a net loss attributable to the Company of $291.7
million on $10.44 billion of revenues for the year ended Dec. 31,
2015, compared to net income attributable to the Company of $880.7
million on $8.20 billion of revenues for the year ended Dec. 31,
2014.  As of Dec. 31, 2015, Valeant had $48.96 billion in total
assets, $42.93 billion in total liabilities and $6.02 billion in
total equity.

                             *    *     *

Valeant carries a 'B2' Corporate Family Rating from Moody's
Investors Service.

As reported by the TCR on April 19, 2016, Standard & Poor's
Ratings Services said that it has lowered its corporate credit
ratings on Valeant Pharmaceuticals International Inc. to 'B' from
'B+' and placed both the corporate credit rating and the
issue-level ratings on CreditWatch with developing implications.


VALEANT PHARMACEUTICALS: Moody's Affirms B2 CFR, Outlook Neg.
-------------------------------------------------------------
Moody's Investors Service affirmed the ratings of Valeant
Pharmaceuticals International, Inc. and subsidiaries.  The affirmed
ratings include the B2 Corporate Family Rating, the B2-PD
Probability of Default Rating, the Ba2 (LGD 2) senior secured bank
credit facilities, the B3 (LGD 5) senior unsecured rating, and the
SGL-4 Speculative Grade Liquidity Rating.  The rating outlook
remains negative.

Ratings affirmed:

Valeant Pharmaceuticals International, Inc.:

  Corporate Family Rating at B2
  Probability of Default Rating at B2-PD
  Senior secured bank credit facilities at Ba2 (LGD 2)
  Senior unsecured notes at B3 (LGD 5)
  Speculative Grade Liquidity Rating at SGL-4

Valeant Pharmaceuticals International:

  Senior unsecured notes at B3 (LGD 5)

VRX Escrow Corp. (obligations assumed by Valeant Pharmaceuticals
International, Inc.):

  Senior unsecured notes at B3 (LGD 5)

The rating affirmation reflects Valeant's good cash flow and
Moody's expectation that discretionary cash flow will be used for
debt repayment.  In its affirmation Moody's further considers that
required debt amortization is modest, and well within Valeant's
free cash flow levels at least until late 2018.  The affirmation
also reflects Valeant's good margins despite erosion in its net
pricing levels, and its global presence with well-respected brands
including Bausch & Lomb.

The Corporate Family Rating remains weakly positioned at B2,
however, given significant headwinds facing various business lines.
Declining price and volume trends are causing declining
profitability and a slower pace of deleveraging than Moody's
earlier expectations.  Moody's anticipates debt/EBITDA above 6.0x
during 2016.  With steady debt repayment, Moody's projects that
debt/EBITDA will decline below 6.0 in early 2017.

                         RATINGS RATIONALE

Valeant's B2 Corporate Family Rating reflects the company's high
financial leverage with gross debt/EBITDA of approximately 6.5x,
and significant business challenges related to Valeant's pricing
strategy and rapid growth through acquisitions.  Valeant is
confronting significant scrutiny on its pricing practices,
including those on products acquired through acquisitions, and
uncertainty related to government investigations.  Moody's believes
that recent changes at the CEO level and pending changes at the
board level create uncertainties regarding changes in strategic
direction, which could include material asset sales.

The ratings are supported by Valeant's good scale in the global
pharmaceutical industry with annual revenue approximately $10
billion, its strong diversity, its high profit margins, and its
good cash flow.  Valeant also has low exposure to patent cliffs,
and good underlying prescription volumes of products like Xifaxan
for irritable bowel syndrome and hepatic encephalopathy, and
various eyecare products and consumer products.  In addition, the
ratings are supported by management's commitment to reduce
debt/EBITDA, using excess cash flow for debt repayment.

The SGL-4 Speculative Grade Liquidity rating reflects
non-compliance with financial reporting covenants until the company
files its Form 10-Q for the quarter ended March 31, 2016.  Valeant
will generate good cash flow in excess of required interest and
debt amortization payments.  However, there is somewhat tight
cushion under financial maintenance covenants and limited
availability under the revolving facility under the credit
agreement.  Covenants include a maximum senior secured leverage
test of 2.5 times and minimum interest coverage of 2.25 times
through March 31, 2016, 2.75 times from June 30, 2016, through
March 31, 2017, and 3.0 times thereafter.

The rating outlook is negative, reflecting the uncertainty that
underlying trends have stabilized and that the company will meet
its near-term debt repayment targets.  The negative outlook also
reflects the potential that certain scenarios of business
restructuring would be credit negative, if the sales of lucrative
business lines leave the company with weaker performing operations.
Factors that could lead to a downgrade include: significant
reductions in pricing or utilization trends, escalation of legal
issues or large litigation-related cash outflows, sustaining
debt/EBITDA above 6.0 times, or pursuing asset divestitures that
leave the company with high financial leverage and a weaker
business profile.  Conversely, factors that could lead to an
upgrade include: restoring credibility through solid performance
and underlying growth, reducing debt with free cash flow, making
progress at resolving legal proceedings, and sustaining debt/EBITDA
below 5.0 times.

Headquartered in Laval, Quebec, Valeant Pharmaceuticals
International, Inc. is a global specialty pharmaceutical company
with expertise including branded dermatology, gastrointestinal
disorders, eye health, neurology, branded generics and OTC
products.  Valeant reported approximately $10.6 billion in total
revenue for the 12 months ended March 31, 2016.

The principal methodology used in these ratings was that for the
Global Pharmaceutical Industry published in December 2012.


VALEANT PHARMACEUTICALS: Terminates Michael Pearson as CEO
----------------------------------------------------------
Valeant Pharmaceuticals International, Inc. and Mr. Michael Pearson
entered into a separation agreement dated May 26, 2016,  in
connection with his termination, effective as of May 2, 2016, as
chief executive officer of the Company.

Under the Separation Agreement, Mr. Pearson will provide consulting
services to the Company through Dec. 31, 2017, subject to one-month
renewal periods if mutually agreed upon by Mr. Pearson and the
Company.  Mr. Pearson will receive $83,333 for each month
(pro-rated for partial months) during the Consulting Period that
services are performed through the end of 2016 and $15,000 for each
month that services are performed for the remainder of the
Consulting Period.  For a period of two years following the
Termination Date, subject to Mr. Pearson executing and not revoking
a general release of claims, the Company will also provide Mr.
Pearson with office space and nonexclusive access to an executive
administrative assistant and IT support.  The Company may terminate
the Consulting Period at any time prior to the second anniversary
of the Termination Date, provided, however, that Mr. Pearson will
receive any unpaid fees due to him for the remainder of the
Consulting Period.

In addition, under the terms of the amended and restated employment
agreement entered into with Mr. Pearson, effective as of Jan. 7,
2015, subject to Mr. Pearson executing and not revoking a general
release of claims, Mr. Pearson will be entitled to receive (i) a
pro-rated annual bonus in respect of the 2016 fiscal year, (ii) a
severance payment equal to $9 million and (iii) continued medical,
dental and vision coverage for himself and his dependents at the
rates applicable to active employees for a period of two years
following the Termination Date.  Under the 2015 Agreement, Mr.
Pearson will also be required to hold 1,000,000 of the common
shares of the Company that he received in settlement of his equity
awards for two years following the Termination Date.

The Separation Agreement also includes covenants addressing
cooperation and mutual non-disparagement.  Mr. Pearson will also
continue to be bound by covenants in the 2015 Agreement addressing
confidentiality and prohibiting competition and solicitation of
Company employees through the second anniversary of the Termination
Date.

                          About Valeant

Valeant Pharmaceuticals International, Inc. (NYSE/TSX:VRX) --
http://www.valeant.com/-- is a multinational specialty   
pharmaceutical company that develops, manufactures and markets a
broad range of pharmaceutical products primarily in the areas of
dermatology, gastrointestinal disorder, eye health, neurology and
branded generics.

Valeant reported a net loss attributable to the Company of $291.7
million on $10.44 billion of revenues for the year ended Dec. 31,
2015, compared to net income attributable to the Company of $880.7
million on $8.20 billion of revenues for the year ended Dec. 31,
2014.  As of Dec. 31, 2015, Valeant had $48.96 billion in total
assets, $42.93 billion in total liabilities and $6.02 billion in
total equity.

                             *    *     *

Valeant carries a 'B2' Corporate Family Rating from Moody's
Investors Service.

As reported by the TCR on April 19, 2016, Standard & Poor's
Ratings Services said that it has lowered its corporate credit
ratings on Valeant Pharmaceuticals International Inc. to 'B' from
'B+' and placed both the corporate credit rating and the
issue-level ratings on CreditWatch with developing implications.


VANGUARD HEALTHCARE: Committee Taps Bass Berry as Legal Counsel
---------------------------------------------------------------
The official committee of unsecured creditors of Vanguard
Healthcare, LLC and its affiliates seeks approval from the U.S.
Bankruptcy Court for the Middle District of Tennessee to hire Bass,
Berry & Sims PLC as its legal counsel.

The committee tapped the firm to provide legal services, which
include a review and analysis of the secured lenders' proof of
claims, analysis of certain healthcare issues relevant to the
Debtors, and assistance in determining whether, and on what terms,
the Debtors can reorganize their business.

The principal attorneys and paralegals primarily designated to
represent the committee and their current hourly rates are:

     Paul G. Jennings         $510
     Gene L. Humphreys        $395
     Glenn B. Rose            $510
     LeAnn Lewis (paralegal)  $175

Glenn Rose, a member of Bass Berry, disclosed in a court filing
that the firm is a "disinterested person" as defined in section
101(14) of the Bankruptcy Code.

The firm can be reached through:

     Paul G. Jennings
     Gene L. Humphreys
     Glenn B. Rose
     Craig V. Gabbert, Jr.
     BASS, BERRY & SIMS PLC
     150 Third Avenue South, Suite 2800
     Nashville, TN 37201
     Tel: (615) 742-6200
     Fax: (615) 742-6293
     E-mail: pjennings@bassberry.com
             ghumphreys@bassberry.com
             grose@bassberry.com
             cgabbert@bassberry.com

                   About Vanguard Healthcare

Vanguard is a long-term care provider headquartered in Brentwood,
Tennessee, providing rehabilitation and skilled nursing services at
14 facilities in four states (Florida, Mississippi, Tennessee and
West Virginia).

Vanguard Healthcare, LLC, and 17 of its subsidiaries each filed a
Chapter 11 bankruptcy petition (Bankr. M.D Tenn. Proposed Lead Case
No. 16-03296) on May 6, 2016.  The petitions were signed by William
D. Orand as chief executive officer.  The Debtors estimated assets
in the range of $100 million to $500 million and liabilities of up
to $100 million.

The Debtors have hired Bradley Arant Boult Cummings LLP as counsel
and BMC Group as noticing agent.

Judge Randal S. Mashburn has been assigned the cases.


VERTAFORE INC: S&P Lowers CCR to 'B-', Off CreditWatch Negative
---------------------------------------------------------------
S&P Global Ratings lowered its corporate credit rating on Bothell,
Wash.-based Vertafore Inc. to 'B-' from 'B' and removed the rating
from CreditWatch, where S&P placed it with negative implications on
May 4, 2016, following the company's announcement that firms Bain
Capital Private Equity and Vista Equity Partners would acquire the
company and issue new debt.  The outlook is stable.

At the same time, S&P assigned a 'B-' issue-level rating to the
company's first-lien credit facilities.  The first-lien senior
secured credit facility consists of a $100 million revolving credit
facility and a $1.1 billion term loan.  The recovery rating is '3',
and indicates S&P's expectation for meaningful recovery (50% to
70%; higher end of the range) in the event of a payment default.  

S&P also assigned a 'CCC' issue-level rating to the company's
$500 million second-lien term loan.  The recovery rating is '6',
indicating our expectation for negligible recovery (0% to 10%) in
the event of a payment default.

Bain Capital and Vista Equity Partners will use the debt proceeds
and a cash contribution to fund the acquisition of Vertafore from
TPG Capital.  S&P expects the existing credit facilities to be
repaid as part of the transaction.  The acquisition is expected to
close in the third quarter of 2016.

"The rating action reflects our expectation that Vertafore's
leverage will rise to 9.4x from 5.0x resulting from this
transaction, and that the company will continue to operate with
leverage above 8x," said S&P Global Ratings credit analyst
Sylvester Malapas.

The stable outlook reflects S&P's view that Vertafore's good market
position and recurring revenue base and steady price increases will
result in consistent operating performance over the next 12 months.


VERTELLUS SPECIALTIES: Bankruptcy Sets Stage for Sale
-----------------------------------------------------
The American Bankruptcy Institute, citing Susan Orr of Indiana
Business Journal, reported that Indianapolis-based chemical company
Vertellus Specialties Inc. says "macroeconomic challenges"
including increased competition from China are behind its decision
to declare bankruptcy and put itself up for sale.

According to the report, Vertellus, which logged $596 million in
revenue in 2015, filed for Chapter 11 protection in U.S. Bankruptcy
Court.

The report related that Wind Point made no secret of its intention
to eventually sell the company, initially targeting 2012.  The
recession and rising international competition delayed those plans,
the report said.

As part of the bankruptcy, Vertellus said it has reached an
agreement with lenders, identified in court filings as Valencia
Bidco LLC, for them to purchase the company for $453.8 million, the
report further related.  The agreement still is subject to
bankruptcy court approval, the report noted.

                          About Vertellus

Vertellus -- http://www.VSRestructuring.com/-- is a global  
specialty chemicals company focused on the manufacture of
ingredients used in pharmaceuticals, personal care, nutrition,
agriculture, and a host of other market areas affected by trends
favoring "green" technologies and chemistries.

Headquartered in Indianapolis, Indiana, Vertellus Specialties Inc.
(Bankr. D. Del. Case No. 16-11290) and affiliates Vertellus
Specialties Holdings Corp. (Bankr. D. Del. Case No. 16-11289),
Vertellus Agriculture and Nutrition Specialties LL (Bankr. D. Del.
Case No. 16-11291), Tibbs Avenue Company (Bankr. D. Del. Case No.
16-11292), Vertellus Specialties PA LLC (Bankr. D. Del. Case No.
16-11293), Vertellus Health & Specialty Products LLC (Bankr. D.
Del. Case No. 16-11294), Vertellus Specialties MI LLC (Bankr. D.
Del. Case No. 16-11295), Vertellus Performance Materials Inc.
(Bankr. D. Del. Case No. 16-11296), Rutherford Chemicals LLC
(Bankr. D. Del. Case No. 16-11297), Solar Aluminum Technology
Services (Bankr. D. Del. Case No. 16-11298), and MRM Toluic
Company, Inc. (Bankr. D. Del. Case No. 16-11299) filed separate
Chapter 11 bankruptcy petitions on May 31, 2016.

Judge Christopher S. Sontchi presides over the case.

Stuart M. Brown, Esq., Kaitlin M. Edelman, Esq., Richard A.
Chesley, Esq., Daniel M. Simon, Esq., and David E. Avraham, Esq.,
at DLA Piper LLP (US) serve as the Debtors' bankruptcy counsel.

Jefferies LLC is the Debtors' investment banker.  Andrew Hinkelman
at FTI Consulting, Inc., is the Debtors' chief restructuring
officer.  Kurtzman Carson Consultants is the Debtors' claims and
noticing agent.

The Debtors estimated their assets at between $100 million and
$500
million and debts at between $500 million and $1 billion.

The petitions were signed by Anne Frye, vice president, secretary
and general counsel.


VESTIS RETAIL: Seeks to Extend Lease Decision Period to Nov. 14
---------------------------------------------------------------
Vestis Retail Group, LLC and its debtor-affiliates ask the U.S.
Bankruptcy Court for the District of Delaware to extend the time
for them to assume or reject unexpired leases of nonresidential
real property up to November 14, 2016 and the confirmation date of
any chapter 11 plan of the Debtors, without prejudice to the rights
of the Debtors to seek further extensions of the time to assume or
reject leases as provided in section 365(d)(4) of the Bankruptcy
Code.

As part of their restructuring efforts, the Debtors have entered
into that certain Ratification and Amendment Agreement (the "DIP
Agreement") with Wells Fargo Capital Finance, LLC, as
administrative agent (the "DIP Agent"), and the lenders party
thereto, that provides the Debtors with a senior secured
debtor-in-possession revolver. The Debtors have also entered into
that certain Asset Purchase Agreement (the "Stalking Horse APA"),
pursuant to which Vestis BSI Funding II, LLC has agreed to acquire
substantially all of the Debtors' assets as a going concern,
subject to the terms and conditions contained therein.

In connection with their efforts to preserve and maximize the value
of their estates, the Debtors are continuing to evaluate their
non-residential real property leases. As such, an extension of the
period to assume or reject unexpired leases of non-residential real
property under the Bankruptcy Code is necessary to ensure the
Debtors have sufficient time to pursue their restructuring process,
evaluate and market their nonresidential real property leases, and
avoid a default under Section 5.4(k) of the DIP Agreement, which
requires that an order extending the Assumption/Rejection Period by
no less than 90 days from the statutory period be entered by June
17, 2016.

                     About Vestis Retail

Vestis Retail Group and eight of its affiliates filed Chapter 11
bankruptcy petitions (Bankr. D. Del. 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.

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.

Judge Laurie Selber Silverstein is assigned to the cases.

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.

An official committee of unsecured creditors has been appointed in
the cases.  The Committee has tapped Cooley LLP as its lead counsel
and Polsinelli as conflicts counsel.  Zolfo Cooper, LLC serves as
its bankruptcy consultant and financial advisor.



VF HOLDING: Moody's Assigns B3 CFR, Outlook Stable
--------------------------------------------------
Moody's Investors Service assigned a B3 Corporate Family Rating and
a B3-PD Probability of Default Rating to VF Holding Corp., parent
of Vertafore, Inc.- the prior entity rated by Moody's) following
the announcement of its leveraged buyout.  Concurrently, Moody's
assigned B2 ratings to the company's proposed $100 million first
lien revolver and $1.1 billion first lien term loan.  The rating
outlook is stable.

The proceeds from the above term loan, a $500 million second lien
term loan (not rated by Moody's) and approximately $1.2 billion in
common equity will fund the leveraged buyout of the company by Bain
Capital Private Equity and Vista Equity Partners, refinance
existing debt, and pay transaction fees and expenses.

"The B3 Corporate Family Rating reflects very high debt to EBITDA
of about 8.8 times resulting from the sizable amount of debt that
will be used to fund the leveraged buyout of the company," stated
Moody's analyst Todd Robinson.  "Moody's would want to see material
improvement in leverage through the realization of significant cost
reduction synergies, earnings growth and some debt repayment before
considering a higher rating," continued Robinson.

Moody's assigned these ratings to VF Holding Corp.:

  Corporate Family Rating at B3
  Probability of Default Rating at B3-PD
  Proposed $100 million senior secured first lien revolving credit

   facility due 2021 at B2 (LGD3)
  Proposed $1.1 billion senior secured first lien term loan due
   2023 at B2 (LGD3)

The outlook is stable.

All ratings are subject to review of final documentation.  Moody's
anticipates all of the corporate and instrument ratings at
Vertafore, Inc. will be withdrawn upon completion of the proposed
transaction and repayment of existing debt.

                         RATINGS RATIONALE

The B3 Corporate Family Rating reflects the company's very high
leverage and small size with revenue of approximately $420 million
for the twelve months ended March 31, 2016.  In addition, the
company is significantly concentrated as a niche provider of
software, information and services for the P&C insurance industry.
However, the rating is supported by VF Holding's position as the
larger of two primary insurance software providers.  Moreover, the
company has a high level of recurring revenue, a strong operating
record and solid free cash flow.

The stable rating outlook reflects Moody's expectation that
leverage will decline materially over the next 12-18 months.  This
helps to alleviate Moody's concerns around the company's small
size, niche operations and very high leverage at close of the LBO.

The ratings could be downgraded if VF Holding realizes a decline in
revenue and profitability such that free cash flow falls to
break-even or below.  Furthermore, if the company is unable to
materially reduce leverage in the near term there will be downward
pressure on the rating.

The rating could be upgraded if VF Holding demonstrates consistent
and high revenue and free cash flow growth, along with creditor
friendly policies.  Specifically, Moody's would need to see debt to
EBITDA reduce below 7 times for an extended period.

The principal methodology used in these ratings was Software
Industry published in December 2015.

VF Holdings is headquartered in Bothell, Washington, and provides
enterprise resource planning software and services for retail
insurance agents and document/workflow management solutions for
property and casualty (P&C) insurance carriers. For the twelve
months ended March 31, 2016, the company had revenue of
approximately $420 million.  Following the LBO the company will be
owned by Bain Capital and Vista Equity Partners.


VINCENT KRAMER SEWELL: July 8 Plan Confirmation Hearing
-------------------------------------------------------
Judge Christopher M. Alston of the U.S. Bankruptcy Court for the
Western District of Washington at Seattle approved the disclosure
statement explaining Vincent Kramer Sewell's plan and fixed July 8,
2016, as the hearing on confirmation of the plan.

July 1, 2016 is fixed as the last day for filing written
acceptances or rejections of the plan and the last day for filing
written objections to confirmation of the plan.

The Debtor is represented by:

          Masafumi Iwama, Esq.
          Iwama Law Firm
          333 5th Ave. S.
          Kent, WA 98032
          Telephone: 253-520-7671
          Facsimile: 253-520-7326

The bankruptcy case is In re: Vincent Kramer Sewell, Debtor, Case
No. 15-16666-CMA (Bankr. W.D. Wash.).


VOGUE INTERNATIONAL: Moody's Puts B2 CFR Under Review for Upgrade
-----------------------------------------------------------------
Moody's Investors Service placed the ratings of Vogue
International, LLC under review for upgrade, including the
company's B2 Corporate Family Rating and B3-PD Probability of
Default Rating.  This action follows the announcement that Johnson
& Johnson (J&J, Aaa stable) has entered into a definitive agreement
to acquire Vogue International, LLC in an all-cash deal valued at
approximately $3.3 billion.

Moody's believes the transaction makes good strategic sense for
both parties involved.  The Vogue acquisition will immediately
boost J&J's market presence in the hair care space.  Vogue's margin
profile is also very attractive, as its EBITDA margins exceed 50%.
With J&J's deep pockets, Vogue will be able to accelerate its
penetration of international markets and open up new growth
opportunities.  Furthermore, the sheer size of J&J will also give
Vogue greater organizational resources and stronger negotiating
leverage with its third party suppliers.

The transaction is expected to close during the third quarter of
2016, subject to regulatory review and customary closing
conditions.  Moody's expects the company's outstanding bank debt to
be repaid in full and to withdraw all ratings at the close of the
transaction.

These ratings were placed under review for upgrade:

Vogue International, LLC

  Corporate Family Rating, B2
  Probability of Default Rating, B3-PD
  Senior secured first lien revolving credit facility,
   B2 (LGD3)
  Senior secured first lien term loan, B2 (LGD3)

                         RATINGS RATIONALE

The review for upgrade is based upon Moody's view that, should the
acquisition by Johnson & Johnson be consummated, Vogue will become
part of an enterprise with a significantly stronger overall credit
profile than if Vogue remains a standalone entity.

Vogue's existing B2 Corporate Family Rating reflects its modest
scale, limited operating history at current sales levels, narrow
product focus, and high customer concentration.  The rating also
incorporates Vogue's very aggressive financial policies including
large debt-funded shareholder distributions.  Revenues and earnings
are vulnerable to changing customer preferences and competitor
actions.

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

Vogue International LLC, headquartered in Clearwater, FL, develops,
markets, and sells hair care products marketed as having natural
ingredients primarily through mass market retailers.  The company
is 51%/49% owned by founder Todd Christopher and The Carlyle Group.
Revenue for the 12 months ended March 31, 2016, was approximately
$319 million.


VOGUE INTERNATIONAL: S&P Puts 'B' CCR on CreditWatch Positive
-------------------------------------------------------------
S&P Global Ratings placed its 'B' corporate credit rating on
Clearwater, Fl.-based Vogue International LLC on CreditWatch with
positive implications.  In addition, S&P placed its 'B' rating on
the company's revolver and first-lien debt on CreditWatch
positive.

Vogue's debt outstanding as of March 31, 2016, was about $600
million.

The CreditWatch placement follows the announcement that Johnson &
Johnson has entered into a definitive agreement to acquire Vogue
International for $3.3 billion in cash.  The transaction is subject
to antitrust clearance and S&P expects it to close during the third
quarter of 2016. If the transaction closes, Vogue would become part
of financially stronger Johnson & Johnson.

S&P expects to resolve the CreditWatch placement when the
transaction closes, at which time S&P is likely to raise all of its
ratings on Vogue by equalizing them with S&P's ratings on Johnson &
Johnson.  To reach a conclusion, S&P will evaluate the final
details of how Vogue and its existing debt will be integrated into
Johnson & Johnson's corporate structure.  S&P would then likely
withdraw all of its ratings on Vogue.

Alternatively, if the transaction is not completed, S&P would
reassess its ratings on Vogue, which would most likely result in
the ratings being affirmed and removed from CreditWatch.


WHOLELIFE PROPERTIES: Voluntary Chapter 11 Case Summary
-------------------------------------------------------
Debtor: WholeLife Properties, LLC
        817 West Daggett Avenue
        Fort Worth, TX 76104

Case No.: 16-42274

Chapter 11 Petition Date: June 7, 2016

Court: United States Bankruptcy Court
       Northern District of Texas (Ft. Worth)

Judge: Hon. Mark X. Mullin

Debtor's Counsel: Robert J. Forshey, Esq.
                  FORSHEY & PROSTOK, LLP
                  777 Main St., Suite 1290
                  Ft. Worth, TX 76102
                  Tel: 817-877-8855
                  E-mail: jrf@forsheyprostok.com

Estimated Assets: $10 million to $50 million

Estimated Debts: $1 million to $10 million

The petition was signed by John B. Lowery, as sole member of
WholeLife Companies, Inc., as sole member of WholeLife Properties,
LLC.

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


WILLIAM CANADA JR: Objections to IRS Claims Sustained
-----------------------------------------------------
Judge Barbara J. Houser of the United States Bankruptcy Court for
the Northern District of Texas, Dallas Division, sustained William
R. Canada, Jr.'s objections to the amended proof of claim filed by
the United States Department of Treasury/Internal Revenue Service
(IRS).

The issue raised by the claim objections is whether Canada is
liable for the $40,346,167.87 in penalties that the IRS asserts in
the Amended Proof of Claim.  According to the IRS, Canada is liable
for these penalties because under 26 U.S.C. section 6111 -- as
effective during 1998-2002, the time period at issue here (the
"Relevant Time Period") -- Canada was a "tax shelter organizer" who
was required to register certain "tax shelters" that he helped to
market and sell (the "Heritage Transactions") while he was working
at the Heritage Organization, LLC ("Heritage") during the Relevant
Time Period.  Failure to register a "tax shelter" under 26 U.S.C.
section 6111 leads to penalties under 26 U.S.C. section 6707 which
are equal to "1 percent of the aggregate amount invested in such
tax shelter."

Canada argued that he is not liable for penalties under 26 U.S.C.
section 6707 on various grounds.  First, Canada argued that the
Heritage Transactions were not "tax shelters" as that term is
defined in 26 U.S.C. section 6111(c) because tax shelters under
section 6111(c) must be an "investment" and the Heritage
Transactions are an idea or strategy rather than an investment.
Second, Canada argued that even if 26 U.S.C. section 6111 required
him to register the Heritage Transactions as a tax shelter, he
should not be liable for penalties under 26 U.S.C. section 6707
because he has established reasonable cause for his failure to
register them.

Judge Houser found that the Heritage Transactions were not
"investments" and thus were not "tax shelters" under 26 U.S.C.
section 6111(c).  As a result, the judge held that Canada is not
liable for penalties for his failure to register the Heritage
Transactions as a tax shelter.

Alternatively, Judge Houser also found that if the Heritage
Transactions were "investments" and thus were "tax shelters" under
26 U.S.C. section 6111(c), Canada carried his burden of proof and
established reasonable cause under 26 U.S.C. section 6707 for his
failure to register the Heritage Transactions as a tax shelter
under 26 U.S.C. section 6111.  As a result, the judge also held
that Canada is not liable to the IRS for tax shelter organizer
penalties.

Thus, to this extent, Judge Houser sustained the claim objections
and disallowed the associated penalties.

The case is In Re: William R. Canada, Jr., Debtor, Case No.
15-33757-BJH (Chapter 11) (Bankr. N.D. Tex.).

A full-text copy of Judge Houser's June 7, 2016 memorandum opinion
is available at http://bankrupt.com/misc/CANADA1120607.pdf


WKI HOLDING: S&P Affirms 'B' CCR, Outlook Stable
------------------------------------------------
S&P Global Ratings affirmed its ratings, including the 'B'
corporate credit rating on Rosemount, Ill.-based WKI Holding Co.
Inc.  Additionally, S&P assigned a 'B' corporate credit rating to
the parent company, World Kitchen Group Inc.  The outlook on both
ratings is stable.

At the same time, S&P assigned a 'B' issue-level rating to WKI's
proposed $275 million senior secured term loan B maturing in 2023,
and a '3' recovery rating, indicating S&P's expectation for
meaningful recovery (50%-70%, upper half of the range) in the event
of a payment default.

Proceeds from the debt offering, $173 million of cash from the
SPAC, $50 million of common equity from GP Investments, $65 million
of rollover equity, and cash will be used to fund the acquisition.
S&P estimates that the company will have $400 million of adjusted
debt at close.

All ratings are based on preliminary terms and are subject to
review upon receipt of final documentation.  S&P will withdraw its
existing corporate credit rating, issue-level rating, and recovery
ratings on WKI Holding Co. Inc. at the close of the transaction.

"The 'B' corporate credit rating affirmation reflects our belief
that World Kitchen will likely adopt an active acquisition strategy
to increase scale within its sector, which is likely to lead to
maintenance of high leverage over the near to medium term," said
S&P Global Ratings analyst Bea Chiem.

Under the new ownership, GP Investments will own 28% of the company
and the SPAC acquiring the company will own approximately 52%, with
the remaining shares owned by legacy shareholders. "While GP
Investments will not have majority equity ownership or control of
the board of directors, we do believe they will strongly influence
the growth strategy of World Kitchen to maximize their returns on
the investment," said Ms. Chiem.

S&P estimates pro forma leverage for the 12 months ended March 31,
2016, will be about 4.4x (which is consistent with historical
levels), primarily because of the large common equity contribution
to the buyout.  However, S&P believes the risk of temporary spikes
in financial leverage is high, as the company looks to grow.  The
fragmented nature of the homeware products industry, the company's
long-term growth target of $1 billion in revenues in five years
(from roughly $670 million currently), and its access to the equity
markets for funding under the SPAC ownership is likely to drive
acquisition activity and lead to financial leverage above S&P's
current base case forecast.

The stable outlook reflects S&P Global Ratings' expectation for the
company to maintain single-digit organic revenue growth, positive
free operating cash flow, and adequate covenant cushion. However,
S&P believes there is a likelihood for World Kitchen's leverage to
increase beyond S&P's base-case forecast because of its
expectations for acquisitions.

S&P could consider lowering the ratings if operating performance
deteriorates because of an increasing competitive environment or a
major drop in profitability because of weak economic conditions in
its key markets, or if the company significantly increases its debt
through a debt-financed acquisition or dividend, resulting in
leverage being sustained above 7x.  Constrained liquidity from
negative free operating cash flow or less-than-adequate covenant
cushion could also weigh negatively on the ratings.

S&P could consider raising the ratings if World Kitchen
demonstrates a track record of less aggressive financial policies
than expected, such that S&P views event risk as a lesser concern.
Demonstration of a quick deleveraging timeline post-acquisitions
and leverage sustained well under 5x could also result in a higher
rating.


[*] Global Economic Growth Rate Levels Remain Lower, Moody's Says
-----------------------------------------------------------------
The world's economies are expanding, but current and prospective
growth rates generally remain lower than before the financial
crisis.  At the same time, sovereign deficit levels continue to
widen, pushing debt levels higher, Moody's Investors Service says
in a report, "Sovereigns - Global Statistical Trends; Low Growth
Levels Persist, While Structural Deficits Have Pushed Up Debt."

The main drivers of growth in recent years -- expansionary monetary
policy in developed markets, export-led growth in Asia and a
commodity super-cycle -- have changed course.  This has created a
more volatile global economic environment and a slowdown in global
growth which hasn't fully recovered since the financial crisis.

"Commodity-exporting sovereigns face deteriorating fiscal and
external balances, and in some cases their twin surpluses will
shift to twin deficits," says Gabriel Torres, a Vice President and
Senior Credit Officer at Moody's.

Among six regions that Moody's assesses, the decline in growth is
most pronounced in Eastern Europe and Central Asia. Here, Moody's
estimates that average median growth will be 2.6% from 2013 to 2016
compared to average growth of 6.5% from 2005 to 2008.

The report highlights recent economic trends and should be read
together with the latest addition of Moody's Country Credit
Statistical Handbook.  The report offers a snapshot of the changing
economic landscape and the effect on 131 countries.  It also
contains data from 2006 on as well as forecasts for 2016 and 2017
for many of the quantitative indicators and ratios that Moody's
sovereign risk analyst use in the process of assigning and
monitoring sovereign creditworthiness.



[*] Haynes & Boone's Bankruptcy Practice Adds Three New Partners
----------------------------------------------------------------
The highly regarded Haynes and Boone, LLP bankruptcy practice has
attracted the services of three new partners who have established
celebrated practices in Dallas and throughout the country.

Eli Columbus, Matt Ferris and Frasher Murphy join the Dallas office
from Winstead PC, adding to an already deep bankruptcy bench that
has been recognized as one of the strongest in the nation.

"These three professionals bring extensive experience in
significant Chapter 11 cases in Texas and nationally, including
substantial work for national and regional banks," said Ian Peck,
head of the Bankruptcy and Reorganization Section.  "Their practice
syncs well with our current client base and adds substantial heft
to our profile in the restructuring sector.  We are extremely proud
to welcome Eli, Matt and Frasher to our partnership and believe
their arrival will ensure that Haynes and Boone remains a dominant
player in the bankruptcy market for years to come."

Mr. Peck said it is particularly noteworthy that the new Haynes and
Boone partners have recently amassed significant representations as
part of the surge of oil and gas bankruptcies, which have been the
focus of his group over the last several months.

Mr. Columbus, who chaired his former firm's bankruptcy group,
focuses his practice primarily on business reorganization matters
and out-of-court debt restructurings in a wide range of matters for
a diverse group of clients, including banks and other financial
institutions, secured creditors, unsecured creditors, creditor
committees, debtors, plan trustees and buyers of distressed
assets.

Mr. Ferris has more than 10 years experience in corporate
restructuring, debtors' and creditors' rights and insolvency
proceedings.  His clients include secured lenders, debtors,
unsecured creditors, bondholders, indenture trustees, landlords,
equipment lessors and purchasers of distressed assets both in and
out of court.  He also has represented clients in bankruptcy
litigation.

Mr. Murphy served as the chair of his previous firm's Turnaround
and Workout Industry Group.  He focuses his practice primarily on
complex Chapter 11 cases, but he also has substantial experience
representing parties in out-of-court restructuring and workout
matters.  Chambers USA 2016, Chambers & Partners, called Mr. Murphy
one of the "Up and Coming" bankruptcy lawyers in Texas.  Clients
told Chambers researchers that he is "steady, practical and
hard-working" and able to "assume responsibility in a difficult
situation and do an admirable job."

The Bankruptcy and Business Restructuring Practice Group at Haynes
and Boone has long been recognized as one of a handful of teams in
the nation fully equipped to handle the largest and most complex
out-of-court financial restructurings and Chapter 11 reorganization
cases.

The clients represented by Haynes and Boone include debtors,
creditors, lenders, equity security holders and agent banks.  With
partners and counsel that have been practicing for 25 years or
more, on average, and a dedicated team of well-trained associates,
the practice features the knowledge, experience and skills to
tackle the toughest of problems.

In ranking the Haynes and Boone Bankruptcy and Reorganization
Practice nationally and at the top of Texas-based law firms.
Chambers USA 2016, Chambers & Partners, said the firm is "renowned
for its work on complex bankruptcy and restructuring cases."  Its
lawyers, researchers said, are "able to offer tailored advice to
local organizations and particular expertise on matters relating to
distressed oil and gas clients."

The practice also "demonstrates significant expertise in advising
debtors, creditors and landlords in distressed real estate
matters," Chambers said.


[*] S&P Puts 8 Federal Prison Project Revenue Bonds on Watch Neg.
-----------------------------------------------------------------
S&P Global Ratings placed its ratings on eight federal prison
project revenue bond issues on CreditWatch with negative
implications.  The ratings from these transactions were initially
placed on CreditWatch with developing implications on April 5,
2016, due to the discovery of an error in the application of S&P's
criteria.

The issuers affected are:

   -- Willacy County Public Facility Corp., Texas ('BBB');
   -- Garza County Public Facility Corp., Texas ('BBB');
   -- Willacy County Local Government Corp., Texas ('CCC+');
   -- Grady County Criminal Justice Authority, Okla. ('BB+');
   -- Fannin County Public Facility Corp., Texas ('BBB');
   -- Prairielands Public Facilities Corp., Texas ('BBB');
   -- San Luis Facility Development Corp., Ariz. ('BBB'); and
   -- La Paz County Industrial Development Authority, Ariz.
      ('BBB').

The CreditWatch with negative implications placement reflects S&P's
view that there is at least a one-in-two likelihood that it will
lower each rating on the bonds within the next 90 days.

Since the placement of the bonds on CreditWatch developing, S&P has
determined that the "Special Tax Bonds," criteria, published June
13, 2007, and the "U.S. Federal Future Flow Securitization
Methodology," criteria, published March 12, 2012, which S&P had
applied to analyze these bonds, do not adequately capture the risk
of change in federal policy or event risk, such as riots, facility
damage, or health hazards, that can arise at federal prison
facilities and how those risks correlate to the willingness of the
federal government to appropriate for the bonds and/or the prison
facility operator to continue to perform under its contract. During
the CreditWatch negative period, S&P will assess the significance
of these risks for the overall credit profile of the bonds.  S&P
will also continue to determine the appropriate criteria for these
bonds, including whether to continue to apply the Future Flow
criteria, which apply only to debt secured by future congressional
appropriations of cash flows from a U.S. government-related entity,
to federal prison project bonds. Following a review, S&P expects to
lower the ratings as appropriate.

S&P expects to resolve the CreditWatch placement within the next 90
days.


[*] Two Top Law Firms Raise Associates' Pay
-------------------------------------------
Elizabeth Olson, writing for The New York Times' DealBook, reported
that it took exactly one day for two major law firms to follow in
the footsteps of Cravath, Swaine & Moore and end the nine-year
drought in salary increases for elite junior lawyers.

According to the report, Milbank, Tweed, Hadley & McCloy said on
June 7 that it would match the raise Cravath announced on June 6,
bringing the basic annual pay for new law school graduates to
$180,000.  On the heels of that announcement, Paul, Weiss, Rifkind,
Wharton & Garrison, with some 900 lawyers, also said it would bump
up its associates' pay scale to match, the report related.

The three leading firms will now pay associates on a scale that
rises from $180,000 for first-year associates to $315,000 a year,
or slightly more, after eight years of service, the report further
related.  In addition, associates can earn annual bonuses, which
range from $15,000 for the newest lawyers to as much as $100,000
for more seasoned ones, the report said.

Scott A. Edelman, Milbank's chairman, told the DealBook that the
firm's new salary scale, set to take effect on July 1, did not come
about "because of agitation or demands from our associates" but was
intended "to ensure the firm???s attorneys were paid consistent
with the top firms."

The decision to move speedily on raising salaries was made, he
said, because "we wanted our associates to know how much we value
them. We didn't want a lot of speculation about that, so we decided
to do it quickly," the report related.


[^] Recent Small-Dollar & Individual Chapter 11 Filings
-------------------------------------------------------
In re Jeffrey Howard Walsh and Pamela Elaine Walsh
   Bankr. D. Ariz. Case No. 16-06055
      Chapter 11 Petition filed May 27, 2016
         Represented by: M. Preston Gardner, Esq.
                         DAVIS MILES MCGUIRE GARDNER PLLC
                         E-mail: pgardner@davismiles.com

In re Thomas J. Cipriano
   Bankr. D. Ariz. Case No. 16-06079
      Chapter 11 Petition filed May 27, 2016
         Represented by: Hilary L Barnes, Esq.
                         ALLEN BARNES & JONES, PLC
                         E-mail: hbarnes@allenbarneslaw.com

In re Maria G. DeGraaf
   Bankr. N.D. Cal. Case No. 16-51592
      Chapter 11 Petition filed May 27, 2016
         represented by: Charles B. Greene, Esq.
                         LAW OFFICES OF CHARLES B. GREENE
                         E-mail: cbgattyecf@aol.com

In re Nathan Mark Shilberg
   Bankr. S.D. Cal. Case No. 16-03163
      Chapter 11 Petition filed May 27, 2016
         Filed Pro Se

In re Argitakos, LLC
   Bankr. D. Conn. Case No. 16-20851
      Chapter 11 Petition filed May 27, 2016
         See http://bankrupt.com/misc/ctb16-20851.pdf
         represented by: Matthew K. Beatman, Esq.
                         ZEISLER AND ZEISLER
                         E-mail: MBeatman@zeislaw.com

In re Ronald Katz
   Bankr. S.D. Fla. Case No. 16-17620
      Chapter 11 Petition filed May 27, 2016
         represented by: Susan D. Lasky, Esq.
                         E-mail: ECF@suelasky.com

In re Kattour Inc
   Bankr. S.D. Fla. Case No. 16-17647
      Chapter 11 Petition filed May 27, 2016
         See http://bankrupt.com/misc/flsb16-17647.pdf
         represented by: Joel M. Aresty, Esq.
                         JOEL M. ARESTY P.A.
                         E-mail: aresty@mac.com

In re Snuggle Pet Products, LLC
   Bankr. E.D. Mich. Case No. 16-47939
      Chapter 11 Petition filed May 27, 2016
         See http://bankrupt.com/misc/mieb16-47939.pdf
         represented by: Ethan D. Dunn, Esq.
                         MAXWELL DUNN, PLC
                         E-mail: bankruptcy@maxwelldunnlaw.com

In re Bradley T. Lott
   Bankr. E.D. Mich. Case No. 16-47951
      Chapter 11 Petition filed May 27, 2016
         represented by: Michelle Stephenson, Esq.
                         E-mail: mstephenson@sbplclaw.com

In re R.Cano Events Inc.
   Bankr. E.D.N.Y. Case No. 16-42353
      Chapter 11 Petition filed May 27, 2016
         See http://bankrupt.com/misc/nyeb16-42353.pdf
         represented by: Nigel E Blackman, Esq.
                         BLACKMAN & MELVILLE, PC
                         E-mail: nigel@bmlawonline.com

In re Je & R Air Conditioning Inc.
   Bankr. D.P.R. Case No. 16-04222
      Chapter 11 Petition filed May 27, 2016
         See http://bankrupt.com/misc/prb16-04222.pdf
         represented by: Homel Mercado Justiniano, Esq.
                         E-mail: hmjlaw2@gmail.com

In re Meranda, Inc.
   Bankr. D.P.R. Case No. 16-04239
      Chapter 11 Petition filed May 27, 2016
         See http://bankrupt.com/misc/prb16-04239.pdf
         represented by: HECTOR EDUARDO PEDROSA, Esq.
                         E-mail: hectorpedrosa@gmail.com

In re Ketura Melissa Oden
   Bankr. M.D. Tenn. Case No. 16-03867
      Chapter 11 Petition filed May 27, 2016
         Represented by: Denis Graham (Gray) Waldron, Esq.
                         LAW OFFICE OF TIMOTHY G NIARHOS
                         E-mail: gray@niarhos.com

In re Harry L. Smith
   Bankr. W.D. Tenn. Case No. 16-24924
      Chapter 11 Petition filed May 27, 2016
         Represented by: Brian L Davis, Esq.
                         DAVIS LAW FIRM, PLLC
                         E-mail: davislaw@davislawfirmpc.com

In re Faqir Hussain
   Bankr. E.D. Va. Case No. 16-11874
      Chapter 11 Petition filed May 27, 2016
         Represented by: Nathan A. Fisher, Esq.
                         E-mail: Fbarsad@cs.com

In re Hidalgo Accommodations, Inc.
   Bankr. C.D. Cal. Case No. 16-17172
      Chapter 11 Petition filed May 28, 2016
         See http://bankrupt.com/misc/cacb16-17172.pdf
         represented by: Mufthiha Sabaratnam, Esq.
                         MUFTHIHA SABARATNAM ESQ. INC
                         E-mail: pke115mfs@yahoo.com

In re HF Resources, LLC
   Bankr. D.S.C. Case No. 16-02658
      Chapter 11 Petition filed May 28, 2016
         See http://bankrupt.com/misc/scb16-02658.pdf
         represented by: Robert H. Cooper, Esq.
                         THE COOPER LAW FIRM
                         E-mail:
thecooperlawfirm@thecooperlawfirm.com


In re Kenneth W. Heiser and M. Lucinda Heiser
   Bankr. M.D. Pa. Case No. 16-02301
      Chapter 11 Petition filed May 30, 2016
         represented by: Lawrence G. Frank, Esq.
                         E-mail: lawrencegfrank@gmail.com

In re Michael LLC
   Bankr. S.D. Ala. Case No. 16-01760
      Chapter 11 Petition filed May 31, 2016
         See http://bankrupt.com/misc/alsb16-01760.pdf
         represented by: Barry A. Friedman, Esq.
                         BARRY A. FRIEDMAN AND ASSOCIATES P.C.
                         E-mail: bky@bafmobile.com

In re George Thomas Kelly and Lori Ann Savoy-Kelly
   Bankr. S.D. Cal. Case No. 16-03285
      Chapter 11 Petition filed May 31, 2016
         Represented by: Bruce R. Babcock, Esq.
                         LAW OFFICE OF BRUCE R. BABCOCK
                         E-mail: brbab@hotmail.com

In re Fort Drilling, LLC
   Bankr. D. Colo. Case No. 16-15466
      Chapter 11 Petition filed May 31, 2016
         Filed Pro Se

In re Auto Acceptance Center Corp.
   Bankr. D. Kan.  Case No. 16-40561
      Chapter 11 Petition filed May 31, 2016
         See http://bankrupt.com/misc/ksb16-40561.pdf
         represented by: Todd A Luckman, Esq.
                         STUMBO HANSON, LLP
                         E-mail: todd@stumbolaw.com

In re Douglas Allen Webb and Linda Powell Webb
   Bankr. E.D.N.C. Case No. 16-02851
      Chapter 11 Petition filed May 31, 2016
         represented by: Jonathan E. Friesen, Esq.
                         GILLESPIE & MURPHY, PA
                         E-mail: jef@gillespieandmurphy.com

In re Udeane Fischer
   Bankr. D. Neb. Case No. 16-40869
      Chapter 11 Petition filed May 31, 2016
         represented by: Galen E. Stehlik, Esq.
                         LAURITSEN, BROWNELL, BROSTROM, STEHLIK
                         E-mail: galens@lauritsenlaw.com

In re Laboratorio Clinico Camino Nuevo, Inc.
   Bankr. D.P.R. Case No. 16-04315
      Chapter 11 Petition filed May 31, 2016
         See http://bankrupt.com/misc/prb16-04315.pdf
         represented by: Francisco J Ramos Gonzalez, Esq.
                         E-mail: fjramos@coqui.net

In re Javan Paul Smith
   Bankr. W.D. Tex. Case No. 16-51205
      Chapter 11 Petition filed May 31, 2016
         Represented by: J. Todd Malaise, Esq.
                         E-mail: notices@malaiselawfirm.com

In re Five Lots LLC
   Bankr. D. Ariz. Case No. 16-06224
      Chapter 11 Petition filed June 1, 2016
         Filed Pro Se

In re Goggo Dada Contract & Trading LLC
   Bankr. N.D. Fla. Case No. 16-40266
      Chapter 11 Petition filed June 1, 2016
         See http://bankrupt.com/misc/flnb16-40266.pdf
         represented by: Robert C. Bruner, Esq.
                         E-mail: RobertCBruner@hotmail.com

In re Albert Jude Phillip
   Bankr. E.D. La. Case No. 16-11277
      Chapter 11 Petition filed June 1, 2016
         Represented by: William H. Daume, Esq.
                         E-mail: whdaume@aol.com

In re Herbert H Council and Kathryn A. Council
   Bankr. E.D.N.C. Case No. 16-02874
      Chapter 11 Petition filed June 1, 2016
         Represented by: Danny Bradford, Esq.
                         Paul D. Bradford, PLLC
                         E-mail: dbradford@bradford-law.com

In re John T. Stelma and Jan R. Stelma
   Bankr. E.D.N.C. Case No. 16-02893
      Chapter 11 Petition filed June 1, 2016
         Represented by: David J Haidt, Esq.
                         AYERS, HAIDT & TRABUCCO, P.A.
                         E-mail: davidhaidt@embarqmail.com

In re Tyl Investment Corp Inc.
   Bankr. D.P.R. Case No. 16-04433
      Chapter 11 Petition filed June 1, 2016
         See http://bankrupt.com/misc/prb16-04433.pdf
         represented by: Luis D Flores Gonzalez, Esq.
                         LUIS D FLORES GONZALEZ LAW OFFICE
                         E-mail: ldfglaw@coqui.net

In re Inman Street Properties, LLC
   Bankr. E.D. Tenn. Case No. 16-12254
      Chapter 11 Petition filed June 1, 2016
         See http://bankrupt.com/misc/tneb16-12254.pdf
         represented by: Richard L. Banks, Esq.
                         RICHARD BANKS & ASSOCIATES, P.C.
                         E-mail: amiles@rbankslawfirm.com

In re Ruth M Dietzman
   Bankr. W.D. Wis. Case No. 16-11979
      Chapter 11 Petition filed June 1, 2016
         represented by: Kristin J. Sederholm, Esq.
                         E-mail: ksederho@ks-lawfirm.com



                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

                            *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.  
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman,
Editors.

Copyright 2016.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $975 for 6 months delivered via
e-mail.  Additional e-mail subscriptions for members of the same
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are $25 each.  For subscription information, contact Peter A.
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