TCR_Public/160628.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Tuesday, June 28, 2016, Vol. 20, No. 180

                            Headlines

ABENGOA BIOENERGY: Aug 22 Auction for Maple, Ravenna, York Assets
ABENGOA BIOENERGY: Court OKs Modified KEIP, 2016 Incentive Plan
ABENGOA BIOENERGY: Has Until Sept. 21 to Assume or Reject Leases
ABENGOA BIOENERGY: Maple Debtors Has Interim Access to $6.5MM Loan
ADELPHIA COMMS: 2nd Circ. Affirms Judgment vs. Recovery Trust

ALEXZA PHARMACEUTICALS: Hikes Parent Promissory Note to $7.3M
ALEXZA PHARMACEUTICALS: Holders OK Cancellation of Notes
AMCAD HOLDINGS: Trustee's Suit vs. Managers, Officers Dismissed
AMERICAN EAGLE: Can Pay Incentive Bonuses to Key Employees
AMERICAN MADE TIRES: S. Georgilis' Suit vs. CFCU Remanded

ASTORIA ENERGY: S&P Affirms BB Project Finance Rating, Outlook Neg
B&L EQUIPMENT: Hires PPL Group as Auctioneer
BAYTEX CREDIT: Unsecureds to Receive Promissory Note, Newco Stock
BELK INC: Bank Debt Trades at 19% Off
BH SUTTON: Wants Exclusive Plan Filing Period Extended to Oct. 25

BONNIE & CLYDES: U.S. Trustee Unable to Appoint Committee
BRIDGE CORNER: Case Summary & 2 Unsecured Creditors
CARNEGIE EMS: Wants Plan Filing Period Extended to Oct. 21
CEC ENTERTAINMENT: Bank Debt Trades at 3% Off
CENVEO INC: Moody's Raises Corporate Family Rating to Caa1

CHESAPEAKE ENERGY: S&P Hikes CCR to CCC on Sr. Unsec. Note Exchange
CLASSIC COMMUNITIES: Creditors' Panel Hires Cole Schotz as Counsel
COLUCCI TILE: U.S. Trustee Unable to Appoint Committee
CONDADO RESTAURANT: Wants Plan Filing Extended to Aug. 23
CONTROL COMMUNICATIONS: Case Summary & 20 Top Unsecured Creditors

COUSINS INT'L: Aquinos' Claims Not Discharged in Ch. 11 Proceeding
COWBOYS FAR: Case Summary & 6 Unsecured Creditors
CYRUS WAY HOLDINGS: Case Summary & Unsecured Creditor
DAWSON INTERNATIONAL: Files Schedules of Assets and Liabilities
DEE'S FOODSERVICE: Case Summary & 20 Largest Unsecured Creditors

DEPAUL INDUSTRIES: U.S. Trustee Forms 5-Member Committee
DIOCESE OF DULUTH: Crown Wing County Tracts Sale for $120K Approved
DOUGLAS DYNAMICS: Moody's Affirms B1 CFR, Outlook Remains Stable
DOUGLAS DYNAMICS: S&P Affirms 'BB-' Rating on Sr. Sec. Term Loan
ENERGY FUTURE: Court Approves $55-Mil. Severance Pay Cap

ENERGY FUTURE: Wants Removal Period Extended by 6 Months
ESSAR STEEL: Seeks Court Approval of KPS Asset Purchase Agreement
FANNIE MAE & FREDDIE MAC: Updated Third Amendment Litigation Chart
FANNIE MAE: New Lawsuit Challenging Third Amendment in D.D.C.
FILMED ENTERTAINMENT: Plan Solicitation Period Extended to July 6

FIRST DATA: Viking Global No Longer a Shareholder as of June 23
FLEETCOR TECHNOLOGIES: Moody's Raises CFR to Ba2, Outlook Stable
FORTESCUE METALS: Bank Debt Trades at 5% Off
GATES GROUP: Bank Debt Trades at 5% Off
GAWKER MEDIA: U.S. Trustee Forms 3-Member Committee

GENESYS RESEARCH: Court Upholds Steward Health Settlement Approval
GLYECO INC: Completes Acquisition of Brian's On-Site Recycling
GO YE VILLAGE: Wants Plan Filing Deadline Moved to Sept. 26
GRANT ROGERS: Court Denies Approval of Disclosure Statement
HAGGEN HOLDINGS: Exclusive Plan Filing Deadline Moved to Aug. 5

HAWAIIAN HOLDINGS: S&P Raises CCR to 'BB-', Outlook Stable
HORSEHEAD HOLDING: Bondholders Want Cap on Equity Panel Legal Cost
HORSEHEAD HOLDING: Says Equity Panel's Expenses May Cause Default
HORSEHEAD HOLDING: Shareholders Defend Hirings, Legal Cost
INDIANTOWN COGENERATION: Moody's Affirms Ba1 Rating on Sub. Bonds

INFORMATICA CORP: Bank Debt Trades at 2% Off
ION WORLDWIDE: Case Summary & 20 Largest Unsecured Creditors
J. CREW: Bank Debt Trades at 28% Off
JFT PROPERTIES: U.S. Trustee Unable to Appoint Committee
JOHN Q. HAMMONS: Files Voluntary Chapter 11 Bankruptcy Petition

JOHN Q. HAMMONS: Voluntary Chapter 11 Case Summary
JOY-KAY INC: Wants Exclusive Plan Filing Deadline Moved to Oct. 30
K&K ENTERPRISES: Case Summary & 20 Largest Unsecured Creditors
LEWIS HEALTH: Exclusive Plan Filing Period Extended to Sept. 26
LINC USA GP: Bid to Pay Wages, Hire KCC Challenged

MALIBU LIGHTING: Exclusive Plan Filing Period Extended to Sept. 6
MARCLAY EMS: U.S. Trustee Unable to Appoint Committee
MARINA BIOTECH: Demands $2-Mil. Milestone Payment from Retrophin
MARION AVENUE: Exclusive Plan Filing Deadline Moved to July 27
MC FLATBED: Has Until July 11 to Solicit Acceptance of Plan

MCK MILLENIUM: Wants Plan Filing Deadline Moved to Oct. 21
MERIDIAN MEDICAL SYSTEMS: Court Junks Carr, et al.'s Appeal
MID-STATES SUPPLY: Exclusive Plan Filing Deadline Moved to Sept. 6
MIRARCHI BROTHERS: Hires Citrin Cooperman as Accountant
MO'TREES LLC: U.S. Trustee Unable to Appoint Committee

MURPHY OIL: Fitch Affirms 'BB+' IDR, Outlook Revised to Negative
NATIONAL BANK OF ANGUILLA: Files for Ch. 11 Bankruptcy Protection
NATIONAL BANK OF ANGUILLA: Seeks to Shield Client Names in Ch. 11
NEIMAN MARCUS: Bank Debt Trades at 10% Off
NEWLEAD HOLDINGS: Time Charter for MT Newlead Granadino Extended

NORTHWEST PEDIATRIC: Wants Plan Filing Deadline Moved to Oct. 5
OLD TAMPA BAY: U.S. Trustee Unable to Appoint Committee
PACIFIC SUNWEAR: Court Certifies PAGA Claimants' Class Suit
PATRIOT FLOORING: Case Summary & 2 Unsecured Creditors
PORTER BANCORP: 2006 Stock Plan Merged with 2016 Equity Plan

POSITIVEID CORP: Closes $143,000 SPA with Crossover Capital
QVL PHARMACY: Unsecureds May Recoup Up to 28% Under Plan
REPUBLIC AIRWAYS: Court Sets July 22 as General Claims Bar Date
RESIDENTIAL CAPITAL: Trust Reaches Settlements with Lenders
RIVERSIDE GENERAL: U.S. Trustee Unable to Appoint Committee

ROBERT SPENLINHAUER: Must File Amended Opening Brief by June 27
ROSETTA GENOMICS: Annual General Meeting Set for August 1
RUSSELL P. LEBKUECHER: BofA Files Sale-Based Plan
RYCKMAN CREEK: Exclusive Plan Filing Deadline Moved to Aug. 30
SA CAMINO BANDERA: Unsecureds to Get 100% Under Liquidating Plan

SALON MEDIA: Incurs $2 Million Net Loss in Fiscal 2016
SERENA SOFTWARE: S&P Raises CCR to 'BB-', Off CreditWatch
SEVENTY SEVEN ENERGY: Court OKs Restructuring Support Agreement
SEVENTY SEVEN: July 13 Hearing on Prepack Plan, Disclosures
SOUTHERN SEASON ACQUISITION: Voluntary Chapter 11 Case Summary

SOUTHERN SEASON: Case Summary & 20 Largest Unsecured Creditors
SPECTRUM BRANDS: S&P Raises CCR to 'BB-', Outlook Stable
SPORTS AUTHORITY: Exclusive Plan Filing Deadline Moved to Sept. 28
ST. JUDE NURSING: Must File Amended Disclosure Statement
SUN PRODUCTS: Moody's Puts B3 CFR on Review for Upgrade

SUN PRODUCTS: S&P Puts 'B' CCR on CreditWatch Positive
SUNEDISON INC: Ahmad Chatila Resigns as CEO
SUNEDISON INC: Appoints John Dubel as Chief Executive Officer
SUSANNA SHAW: Disclosures Approved; July 15 Plan Hearing Set
SUTHERLAND HOLDINGS: U.S. Trustee Unable to Appoint Committee

SWIFT ENERGY: No Mediation for "Morris" Appeal
TA CHUAN: U.S. Trustee Unable to Appoint Committee
TCR III INC: Objects to Secured Lenders' Chapter 11 Plan
THOMAS GOLDSTEIN: To Pay Unsecureds 100% in 4 Yrs, Plus Interest
TIBCO SOFTWARE: Bank Debt Trades at 8% Off

TIRES R US: Georgilis' Contempt Bid vs. Vehifax Denied
TK SERVICES: Plan Violates Absolute Priority Rule, Panel Says
TLB CONTRACTING: Case Summary & 20 Largest Unsecured Creditors
TOWNRIDGE INC: Case Summary & 20 Largest Unsecured Creditors
TRINQUILITY CORP: Case Summary & 4 Unsecured Creditors

TRONOX INC: Bank Debt Trades at 4% Off
TXU CORP: Bank Debt Trades at 66% Off
VALEANT PHARMACEUTICALS: Bank Debt Trades at 2% Off
VENOCO INC: Wants Exclusive Plan Filing Deadline Moved to Sept. 16
VUZIX CORP: Stockholders Elect Five Directors

WARREN RESOURCES: Hires Andrews Kurth as Counsel
WARREN RESOURCES: Hires Epiq as Claims and Noticing Agent
WARREN RESOURCES: Hires Jefferies as Investment Banker
WATERFORD FUNDING: Execution Writs, Levies vs John Stone Recalled
WATERPROOFING UNLIMITED: U.S. Trustee Unable to Appoint Committee

WESTERN INDUSTRIAL: Case Summary & 20 Largest Unsecured Creditors
Y&K SUN: U.S. Trustee Unable to Appoint Committee

                            *********

ABENGOA BIOENERGY: Aug 22 Auction for Maple, Ravenna, York Assets
-----------------------------------------------------------------
Abengoa Bioenergy US Holding, LLC, and its debtor affiliates,
sought and obtained approval from the U.S. Bankruptcy Court for the
Eastern District of Missouri, Eastern Division, of the bidding
procedures governing the sale of one or more of the assets of the
Bioenergy Debtors.

The Bioenergy Debtors have determined that maximizing the value of
the Bioenergy Debtors' estates is best accomplished through the
sale, free and clear of liabilities, of one or more of the Debtors'
assets.  To that end, the Bioenergy Debtors entered into the
following asset purchase agreements all dated June 10, 2016:

   (a) Between Abengoa Bioenergy of Illinois, LLC, and Abengoa
Bioenergy of Indiana, LLC, on the one hand, and Maize Acquisition
Sub LLC, on the other hand, for the Maple Assets in an amount no
less than $200 million.

   (b) Between Abengoa Bioenergy of Nebraska, LLC, and KE Holdings,
LLC, for the Ravenna Assets in an amount no less than $115
million.

   (c) Between Abengoa Bioenergy Company, LLC, and BioUrja Trading,
LLC, for the York Assets in an amount no less than $45 million.

Under the Stalking Horse Agreements, the Stalking Horse Purchasers
have agreed to purchase the Purchased Assets at the prices
specified in each respective agreement. The Stalking Horse
Purchasers, in making their offers, have relied upon the agreement
by the Debtors to seek the Court's approval of reimbursement of
each Stalking Horse Purchaser's reasonable fees, costs,
disbursements, and expenses incurred in connection with the
transactions contemplated by the Stalking Horse Agreements through
the date of termination, subject to a cap for each Stalking Horse
Purchaser of $500,000 and an aggregate fee of 2.5% of the cash
purchase price attributable to the property, plant and equipment of
the Purchased Assets.

The Debtors, in the exercise of their business judgment, believe
that the Stalking Horse Protections are a necessary inducement for
the Stalking Horse Purchasers, and thus, are necessary to establish
a "floor" for the sale of the Purchased Assets and ultimately to
encourage competitive bidding and realization of the highest value
for the Purchased Assets.

The Debtor established the following deadlines:

   Assumption/Assignment and Cure Objection Deadline: August 11,
2016

   Sale Objection Deadline: August 18, 2016

   Bid Deadline: August 18, 2016

   Auction: August 22, 2016

   Sale Hearing: August 25, 2016

The Official Committee of Unsecured Creditors tells the Court that
although it supports the sale process and does not generaly object
to the bid procedures as the Debtors have accepted most of the
changes requiested by the Committee; the Committee says it has not
had sufficient time to review the Stalking Horse Agreements.

The Committee highlights one concern of the Stalking Horse
Agreement, particularly since the Committee has not been provided
with any analysis on the value of the causes of action and claims
being transferred by the Debtors, nor have the Debtors shown that
the Stalking Horse Purchasers are providing value for these causes
of action and claims.  Moreover, because of the complexity and
importance of the intercompany relationships and the financial
guarantees and accomodations, the Committee is extremely concerned
about any accidental sale or transfer of these critical rights.
Hence, the Committee asks the Court that the Order be clear on the
issue because without this information, the Committee cannot fully
support the Sale Motion.

Counsel to the Bioenergy Debtors and Bioenergy Debtors in
Possession:

       Richard W. Engel, Jr., Esq.
       Susan K. Ehlers, Esq.
       Erin M. Edelman, Esq.
       ARMSTRONG TEASDALE LLP
       7700 Forsyth Blvd., Suite 1800
       St. Louis, Missouri 63105
       Telephone: (314) 621-5070
       Facsimile: (314) 621-5065
       Email: rengel@armstrongteasdale.com
              sehlers@armstrongteasdale.com
              eedelman@armstrongteasdale.com

       -- and --

       Richard A. Chesley, Esq.
       DLA PIPER LLP (US)
       203 North LaSalle Street, Suite 1900
       Chicago, Illinois 60601
       Telephone: (312) 368-4000
       Facsimile: (312) 236-7516
       Email: richard.chesley@dlapiper.com

       -- and --

       R. Craig Martin, Esq.
       DLA PIPER LLP (US)
       1201 North Market Street, Suite 2100
       Wilmington, Delaware 19801
       Telephone: (302) 468-5700
       Facsimile: (302) 394-2341
       Email: craig.martin@dlapiper.com

Local Counsel for the Official Committee of Unsecured Creditors:

       Mark V. Bossi, Esq.
       THOMPSON COBURN LLP
       One US Bank Plaza
       St. Louis, MO 63101
       Telephone: (314) 552-6000
       Facsimile: (314) 552-7000
       Email: mbossi@thompsoncoburn.com

Counsel for the Official Committee of Unsecured Creditors:

       Christopher R. Donoho, III, Esq.
       Ronald J. Silverman, Esq.
       M. Shane Johnson, Esq.
       Raphaella Ricciardi, Esq.
       HOGAN LOVELLS US LLP
       875 Third Avenue
       New York, NY 10022
       Telephone: (212) 918-3000
       Email: chris.donoho@hoganlovells.com
              ronald.silvermanhoganlovells.com
              shane.j olmsonhoganlovells.com
              raphaella.ricciardihoganlovells.com

                  About Abengoa Bioenergy

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

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

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

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

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

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


ABENGOA BIOENERGY: Court OKs Modified KEIP, 2016 Incentive Plan
---------------------------------------------------------------
Judge Kathy A. Surratt-States of the U.S. Bankruptcy Court for the
Eastern District of Missouri, Eastern Division, approved the
modified key employee incentive plan and 2016 incentive and
severance plan proposed by Abengoa Bioenergy US Holding, LLC, and
certain of its affiliated entities.

The Order authorizes the Debtors to implement the KEIP with the
following modifications:

   (a) The KEIP will only apply to the Debtors plants at Ravenna,
York, Maple (Indiana) and Maple (Illinois).

   (b) The KEIP will be in lieu of all existing bonus and severance
programs of the Debtors as they apply to the KEIP Participants,
provided, however, that nothing contained in the Order will limit
the rights of any KEIP Participant to severance under applicable
Spanish law against any entity other than the Debtors.

   (c) The total KEIP payment will be $1,370,000 upon the
consummation of Sale Transactions with Total Consideration of $300
million, plus (A) 3.0% of Total Consideration in excess of $300
million up to $350 million; plus (B) 3.5% of Total Consideration in
excess of $350 million up to $400 million; plus (C) $130,000 if
gross proceeds equal or exceed $400 million.

   (d) The Debtors will allocate payments under the KEIP pursuant
to the Total Consideration received by each Debtor under the terms
of their Sale Transaction.

   (e) No additional incremental payout for Total Consideration in
excess of $400 million.

   (f) The KEIP payments will be deemed earned upon the closing of
the sale of the last of the Four Plants, and the KEIP payments
shall be paid (A) 66.7% upon the closing of the sale of the last of
the Four Plants and (B) 33.3% upon the approval by the Court of the
a disclosure statement for a plan under section 1125 of the
Bankruptcy Code.

   (g) For the purposes of the KEIP payments, Total Consideration
will be limited to the Cash consideration paid for the Purchased
Assets, exclusive of any adjustments. By way of example, as of the
June 12, 2016, the Cash consideration for the Purchased Assets is
as follows:

          Maple - $200,000,000;
          Ravenna - $115,000,000; and
          York - $35,000,000.

(h) The KEIP payments will be allocated as follows:

         Chief Executive Officer: 16.25%
         Executive Vice President of Product and Business
Development: 16.25%
         Executive Vice President of Global Affairs: 11.55%
         Chief Financial Officer: 6.32%
         Executive Vice President of USA Operations: 9.57%
         Executive Vice President of Operational Trading: 9.03%
         Vice President Abengoa Bioenergy Trading US: 7.94%
         General Counsel: 7.04%
         Controller US: 3.97%
         Human Resources Manager: 3.61%
         Controller: 3.97%

The Debtors are also authorized to implement the 2016 Incentive and
Severance Plan with the following modifications:

   (a) Employees under the 2016 Incentive and Severance Plan shall
only be entitled to receive either a bonus (if earned) or
severance.

   (b) The Debtors will allocate the costs of any amounts paid
under the 2016 Incentive and Severance Plan based upon the actual
employment of the respective employees and historic cost-sharing
practices.

   (c) If an employee is offered a position with the purchaser of
the Debtors’ assets with comparable compensation, and does not
accept such employment, the employee shall not be entitled to
receive severance under the 2016 Incentive and Severance Plan.

   (d) All bonuses payable under the 2016 Incentive and Severance
Plan shall be earned effective December 31, 2016, and shall be paid
by a purchaser of the Debtors' assets in the event that the 2016
Incentive and Severance Plan is assumed by that purchaser.

             About Abengoa Bioenergy

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

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

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

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

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

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


ABENGOA BIOENERGY: Has Until Sept. 21 to Assume or Reject Leases
----------------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of Missouri,
Eastern Division, grants Abengoa Bioenergy US Holding, LLC, and its
affiliated debtors extension of time within which the Debtors must
assume or reject unexpired leases.

The Troubled Company Reporter has previously reported that the
Debtors have asked the Court to extend the period within which they
may assume or reject unexpired leases of nonresidential real
property through Sept. 21, 2016.

Sachs Properties, Inc., agent for Central Park Square Inc., the
Lessor of the Abengoa Bioenergy Corporation's headquarters located
in Chesterfield, Missouri, says it neither concedes the Debtors'
right to seek further extensions, nor intends to waive its right to
withhold consent.

Attorneys for Sachs Properties Inc. as agent for Central Park
Square Inc.:

       Steven Goldstein, Esq.
       GOLDSTEIN & PRESSMAN, P.C.
       10326 Old Olive Street Road
       St. Louis, MO 63141-5922
       Telephone: (314) 727-1717
       Facsimile: (314) 727-1447
       Email: sg@goldsteinpressman.com

            About Abengoa Bioenergy

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

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

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

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

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

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


ABENGOA BIOENERGY: Maple Debtors Has Interim Access to $6.5MM Loan
------------------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of Missouri,
Eastern Division, entered an interim order  authorizing Abengoa
Bioenergy Meramec Renewable, LLC, Abengoa Bioenergy Funding, LLC,
Abengoa Bioenergy Maple, LLC, Abengoa Bioenergy of Indiana, LLC,
Abengoa Bioenergy of Illinois, LLC, and Abengoa Bioenergy
Operations, LLC, (collectively, the "Maple Debtors") to borrow up
to an aggregate principal or face amount not to exceed $6,500,000,
under a postpetition secured financing arrangement with Deutsche
Bank Trust Company Americas, as administrative and collateral agent
agent and the financial institutions that are lenders under the DIP
Loan from time to time.

The Debtors stated that they need immediate access to postpetition
financing and the use of Cash Collateral to prevent irreparable
harm to the Maple Debtors' estates, enhance the DIP Credit Parties'
liquidity, maintain operations of the Plants, and provide necessary
working capital during the pendency of these Chapter 11 Cases until
the proposed sale transaction can be consummated.  The Maple
Debtors determined that the use of Cash Collateral alone, without
the DIP Facility, would not provide sufficient liquidity for the
DIP Credit Parties to achieve these goals.  The Maple Debtors must
obtain authorization to incur the DIP Obligations in order to avoid
imminent irreparable harm.

The DIP Financing, provides, inter alia, for following essential
terms:

   A. DIP Loan Amount/Commitment: An aggregate amount of up to
$10,000,000

   B. Maturity: The DIP Loans will be repaid in full, and the
Commitment will terminate on the earliest to occur of (a) September
30, 2016, (b) 45 days after the entry of the Interim DIP Order,
unless the Bankruptcy Court enters the Final DIP Order approving
the DIP Facility in form and substance satisfactory to the Required
Lenders on or before such date, (c) the date the Bankruptcy Court
orders a conversion of the Maple Debtors' Chapter 11 cases to a
Chapter 7 liquidation or the dismissal of the Chapter 11 cases, (d)
the date of the acceleration of the DIP Loans and the termination
of the Commitment in accordance the DIP Facility, and (e) the
closing of the Transaction.

   C. Interest Rates and Fees: The DIP Loan interest rates and fees
will be as follows: (a) Upfront Fee: The Borrower will pay the DIP
Agent for the ratable benefit of the DIP Lenders a fee equal to 2%
of the Commitment, which fee will be fully earned as, and payable
on the DIP Closing Date; (b) Commitment Fee: A commitment fee will
accrue on the unused amount of the Commitments from and after the
date of entry of the Final Order at a rate per annum equal to 0.50%
and be payable monthly in arrears and upon termination of the
Commitments; (c) Cash Interest: The Borrower will pay the DIP Agent
cash interest at the per annum rate of [LIBO Rate plus 10%] on the
aggregate outstanding principal amount under the DIP Facility. This
interest will be payable monthly; (d) Default Interest Rate: During
the occurrence and continuance of an Event of Default, the
outstanding obligations will bear interest at an additional 2.0%
per annum above the interest rate otherwise applicable; and (e)
Prepayment Fee: The DIP Loans may be permanently prepaid in full by
the Borrower at any time subject to payment of a prepayment fee of
one percent (1%) of the full amount of the DIP Loan.

   D. Collateral Security and Priority: The DIP Secured Parties
will be granted the following: (a) joint and several superpriority
administrative expense claim status, (b) first priority senior
security interest in and lien upon all unencumbered property of the
Maple Debtors, (c) second priority senior security interest in and
lien upon all encumbered property of the Maple Debtors, (d) first
priority lien on cash in the Collateral Account, and (e) first
priority senior security interest in and lien upon the DIP
Collateral.

The Official Committee of Unsecured Creditors does not object to
DIP financing that is necessary, reasonable and adequate to fund
the operational and reorganization efforts of the Maple Debtors in
these cases, however, the Committee has raised following concerns
of the proposed DIP Loan that must be corrected:

   (a) The DIP Loan provisions regarding adequate protection must
be clarified -- limited to the aggregate diminution of the value of
prepetition collateral.

   (b) The DIP Loan should not grant liens or superpriority claims
on avoidance actions or any proceeds thereof.

   (c) The DIP Loan default provisions should be liberalized -- the
event of default trigerred by stay in excess of $1 million of
assets is inappropriate. This threshold amount should be raised to
at least $2,000,000 to avoid creating a hair-trigger under the DIP
Facility.

   (d) The DIP Loan release provisions should permit customary
challenges to be brought by the Committee.

A full-text copy of the DIP Motion dated June 12, 2016, with Budget
is available at https://is.gd/2v3xjm

A full-text copy of the Interm DIP Order dated June 15, 2016, with
Budget is available at https://is.gd/j2I60s

Proposed Counsel to the Maple Debtors:

       Richard W. Engel, Jr., Esq.
       Susan K. Ehlers, Esq.
       Erin M. Edelman, Esq.
       ARMSTRONG TEASDALE LLP
       7700 Forsyth Blvd., Suite 1800
       St. Louis, Missouri 63105
       Telephone: (314) 621-5070
       Facsimile: (314) 621-5065
       Email: rengel@armstrongteasdale.com
              sehlers@armstrongteasdale.com
              eedelman@armstrongteasdale.com

       -- and --

       Richard A. Chesley, Esq.
       DLA PIPER LLP (US)
       203 North LaSalle Street, Suite 1900
       Chicago, Illinois 60601
       Telephone: (312) 368-4000
       Facsimile: (312) 236-7516
       Email: richard.chesley@dlapiper.com

       -- and --

       R. Craig Martin, Esq.
       DLA PIPER LLP (US)
       1201 North Market Street, Suite 2100
       Wilmington, Delaware 19801
       Telephone: (302) 468-5700
       Facsimile: (302) 394-2341
       Email: craig.martin@dlapiper.com

Local Counsel for the Official Committee of Unsecured Creditors:

       Mark V. Bossi, Esq.
       THOMPSON COBURN LLP
       One US Bank Plaza
       St. Louis, MO 63101
       Telephone: (314) 552-6000
       Facsimile: (314) 552-7000
       Email: mbossi@thompsoncoburn.com

Counsel for the Official Committee of Unsecured Creditors:

       Christopher R. Donoho, III, Esq.
       Ronald J. Silverman, Esq.
       M. Shane Johnson, Esq.
       Raphaella Ricciardi, Esq.
       HOGAN LOVELLS US LLP
       875 Third Avenue
       New York, NY 10022
       Telephone: (212) 918-3000
       Email: chris.donoho@hoganlovells.com
              ronald.silvermanhoganlovells.com
              shane.j olmsonhoganlovells.com
              raphaella.ricciardihoganlovells.com

            About Abengoa Bioenergy

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

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

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

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

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

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


ADELPHIA COMMS: 2nd Circ. Affirms Judgment vs. Recovery Trust
-------------------------------------------------------------
In the case captioned ADELPHIA RECOVERY TRUST, Plaintiff-Appellant,
ADELPHIA COMMUNICATIONS CORP., OFFICIAL COMMITTEE OF UNSECURED
CREDITORS OF ADELPHIA COMMUNICATIONS CORP., ADELPHIA CABLEVISION,
L.L.C., Plaintiffs, v. FPL GROUP, INC., WEST BOCA SECURITY, INC.,
Defendants-Appellees, No. 15-1015-bk (2nd Cir.), relating to IN RE:
ADELPHIA COMMUNICATIONS CORP., Debtor, the United States Court of
Appeals for the Second Circuit affirmed the judgment of the
district court as to all of Adelphia Recovery Trust's arguments
holding that these arguments are without merit.

This dispute arises out of the Chapter 11 reorganization of
Adelphia Communications Corp., formerly one of the largest cable
companies in the United States, and 232 of its affiliates.
Plaintiff-Appellant Adelphia Recovery Trust, successor to
Adelphia's rights, seeks to recover as a fraudulent transfer some
$150 million paid by Adelphia to defendants-appellees FPL Group,
Inc. and West Boca Security, Inc. for the repurchase of Adelphia's
own stock.

A full-text copy of the Summary Order dated June 15, 2016 is
available at https://is.gd/ckCksl from Leagle.com.

DAVID M. FRIEDMAN, Esq. -- dfriedman@kasowitz.com, Michael C.
Harwood (on the brief), Esq. -- mharwood@kasowitz.com -- Kasowitz,
Benson, Torres & Friedman LLP, New York, New York, for
Plaintiff-Appellant.

GEORGE A. ZIMMERMAN, Esq. -- george.zimmerman@skadden.com, Jonathan
L. Frank (on the brief), Esq. -- jonathan.frank@skadden.com --
Skadden, Arps, Slate, Meagher & Flom LLP, New York, New York, for
Defendants-Appellees.

               About Adelphia Communications

Based in Coudersport, Pennsylvania, Adelphia Communications
Corporation was once the fifth-biggest cable company.  Adelphia
served customers in 30 states and Puerto Rico, and offered analog
and digital video services, Internet access and other advanced
services over its broadband networks.

Adelphia collapsed in 2002 after disclosing that founder John
Rigas
and his family owed $2.3 billion in off-balance-sheet debt on bank
loans taken jointly with the company.  Mr. Rigas was sentenced to
12 years in prison, while son Timothy 15 years.

Adelphia Communications and its more than 200 affiliates filed for
Chapter 11 protection (Bankr. S.D.N.Y. Lead Case No. 02-41729) on
June 25, 2002.  Willkie Farr & Gallagher represented the Debtors
in
their restructuring effort.  PricewaterhouseCoopers served as the
Debtors' financial advisor.  Kasowitz, Benson, Torres & Friedman
LLP and Klee, Tuchin, Bogdanoff & Stern LLP represented the
Official Committee of Unsecured Creditors.

Adelphia Cablevision Associates of Radnor, L.P., and 20 of its
affiliates, collectively known as Rigas-Managed Entities, were
entities that were previously held or controlled by members of the
Rigas family.  In March 2006, the rights and titles to these
entities were transferred to certain subsidiaries of Adelphia
Cablevision LLC.  The RME Debtors filed for Chapter 11 protection
(Bankr. S.D.N.Y. Case Nos. 06-10622 through 06-10642) on March 31,
2006.  Their cases were jointly administered under Adelphia
Communications and its debtor-affiliates' Chapter 11 cases.

The Bankruptcy Court confirmed the Debtors' Joint Chapter 11 Plan
of Reorganization on Jan. 5, 2007.  The Plan became effective on
Feb. 13, 2007.

The Adelphia Recovery Trust, a Delaware Statutory Trust, was
formed
pursuant to the Plan.  The Trust holds certain litigation claims
transferred pursuant to the Plan against various third parties and
exists to prosecute the causes of action transferred to it for the
benefit of holders of Trust interests.  Lawyers at Kasowitz,
Benson, Torres & Friedman, LLP (NYC), represent the Adelphia
Recovery Trust.


ALEXZA PHARMACEUTICALS: Hikes Parent Promissory Note to $7.3M
-------------------------------------------------------------
Alexza Pharmaceuticals, Inc., a wholly owned indirect subsidiary of
Grupo Ferrer Internacional, S.A., a Spanish sociedad anonima
("Parent"), amended that certain amended and restated promissory
note issued to Parent on Sept. 28, 2015, as amended and restated on
May 9, 2016, to, increase the maximum principal amount of the Note
to $7.3 million.  As of June 24, 2016, the outstanding principal
amount of the Note was $7.3 million.

                   About Alexza Pharmaceuticals

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

Alexza reported a net loss of $21.3 million on $5.02 million of
total revenues for the year ended Dec. 31, 2015, compared to a net
loss of $36.73 million on $5.56 million of total revenues for the
year ended Dec. 31, 2014.

As of March 31, 2016, Alexza had $10.6 million in total assets,
$84.9 million in total liabilities and a total stockholders'
deficit of $74.3 million.

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


ALEXZA PHARMACEUTICALS: Holders OK Cancellation of Notes
--------------------------------------------------------
As previously reported on Alexza Pharmaceuticals, Inc.'s Current
Report on Form 8-K filed with the Securities Exchange Commission on
May 10, 2016, the Company previously entered into that certain
Forbearance and Waiver Agreement, dated as of May 9, 2016, with
Atlas U.S. Royalty, LLC, a wholly owned subsidiary of the Company,
Ferrer Pharma Inc., a Delaware corporation which was subsequently
merged with and into the Company with the Company as the surviving
entity, the holders of those certain warrants originally issued by
the Company on March 18, 2014, and the holders of those certain
notes in the aggregate principal amount of $45,000,000 previously
issued by Atlas on March 18, 2014.  

Pursuant to the terms of the Second Forbearance Agreement, the
holders of the Notes agreed to the cancellation of the Notes and
the discharge of the Indenture in connection with the consummation
of the Purchaser's cash tender offer to acquire all of the shares
of the Company's common stock (excluding any shares of the
Company's common stock owned, directly or indirectly, by Parent).


As previously reported on the Company's Current Report on Form 8-K
filed with the SEC on June 21, 2016, the Offer was consummated on
June 21, 2016, and on that date, pursuant to the terms of the
Second Forbearance Agreement, the Indenture and Notes were each
cancelled in their entirety.

                   About Alexza Pharmaceuticals

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

Alexza reported a net loss of $21.3 million on $5.02 million of
total revenues for the year ended Dec. 31, 2015, compared to a net
loss of $36.73 million on $5.56 million of total revenues for the
year ended Dec. 31, 2014.

As of March 31, 2016, Alexza had $10.6 million in total assets,
$84.9 million in total liabilities and a total stockholders'
deficit of $74.3 million.

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


AMCAD HOLDINGS: Trustee's Suit vs. Managers, Officers Dismissed
---------------------------------------------------------------
Judge Mary F. Walrath of the United States Bankruptcy Court for the
District of Delaware granted the motions to dismiss the adversary
case captioned GAVIN SOLMONESE, LLC, Plaintiff, v. VISAGAR M.
SHYAMSUNDAR, RICHARD P. LOWRY, EDWARD B. BERKOWITZ, SHAHAN ZAFAR,
IAN BLASCO, JEFF STONE, AARON PURCELL, and DAVID WEISS, Defendants,
Adversary No. 15-51979 (MFW) (Bankr. D. Del.).

Before the Court are three motions to dismiss this adversary
proceeding commenced by Trustee Gavin Solmonese which asserts
claims for breach of fiduciary duty, preferential transfers, and
claim disallowance. The first motion was filed by Manager
Defendants Richard Lowry, Shahan Zafar, Ian Blasco, Jeff Stone,
Aaron Purcell, and David Weiss. Officer Defendants Visagar
Shyamsundar and Edward Berkowitz filed separate motions.

The Trustee asserts five counts: Counts I-III assert breach of
fiduciary duty claims against the Manager Defendants and the
Officer Defendants; Count IV asserts a preference action against
the Officer Defendants; and Count V seeks claim disallowance under
section 550.

The bankruptcy case is IN RE: AMCAD HOLDINGS, LLC, et al., Chapter
11, Debtors, Case No. 14-12168 (MFW) Jointly Administered (Bankr.
D. Del.).

A full-text copy of the Memorandum Opinion dated June 14, 2016 is
available at https://is.gd/qvdJkj from Leagle.com.

Gavin Solmonese, LLC, Plaintiff, is represented by M. Colette
Gibbons, Esq. -- colette.gibbons@icemiller.com -- Ice Miller LLP,
Robert M. Stefancin, Esq. -- robert.stefancin@icemiller.com -- Ice
Miller LLP, Jeffrey R. Waxman, Esq. -- jwaxman@morrisjames.com --
Morris James LLP.

Visagar M. Shyamsundar, Defendant, is represented by John T.
Carroll, III, Cozen O'Connor.

Richard P. Lowry, Defendant, is represented by David William
Giattino, Esq. -- dgiattino@coleschotz.com -- Cole Schotz P.C..

Edward B. Berkowitz, Defendant, represented by Michael Joseph
Joyce, Esq. -- mjoyce@crosslaw.com -- Cross & Simon, LLC.


AMERICAN EAGLE: Can Pay Incentive Bonuses to Key Employees
----------------------------------------------------------
Judge Howard R. Tallman of the United States Bankruptcy Court for
the District of Colorado authorized American Eagle Energy
Corporation to implement an Incentive Bonus Plan to pay certain
employees for their continued work at the company.

Judge Tallman approved the bonus plan despite the U.S. Trustee's
objection, complaining the plan was a disguised, prohibited
retention plan.  Power Crude Transport Inc., and Power Energy
Partners, LP, who assert first priority lien interests in American
Eagle's assets, joined the objection.  In order to resolve the U.S.
Trustee's objection, the Debtor, the U.S. Trustee and the Power
Entities agreed that all employees, except Marty Beskow, American
Eagle's VP of Marketing and Strategy, CFO, and Treasurer, and Laura
Peterson, in-house counsel and secretary, could be paid under the
Plan.

The U.S. Trustee and Power still objected to Mr. Beskow's proposed
$60,000 bonus and Ms. Peterson's $7,500 bonus represent payments
that violate the prohibition in Section 503(c)(1) of the Bankruptcy
Code against insider employee retention plans, or KERPs.  American
Eagle argued that the bonus payments are not part of a retention
plan, but instead are owed as part of a key employee incentive
plan, or KEIP.  However, the U.S. Trustee and Power responded that
the Plan only set easily attainable financial and cash position
milestones, and therefore provided little need or incentive to
perform since Beskow and Peterson could easily reach such goals.

Judge Tallman granted American Eagle's motion and authorized
American Eagle to make the payments to those covered employees,
including Mr. Beskow and Ms. Peterson, pursuant to the Bonus Plan
once the conditions to the entitlement to the bonuses have been
fully satisfied, if they have not been already .

The bankruptcy cases are In re: AMERICAN EAGLE ENERGY CORPORATION,
Debtor, Bankruptcy Case No. 15-15073 HRT and AMZG, INC., Bankruptcy
Case No. 15-15074 HRT jointly administered under 15-15073 HRT
(Bankr. D. Colo.).

A full-text copy of Judge Tallman's June 23, 2016 order is
available at http://bankrupt.com/misc/cob15-15073-647.pdf.

             About American Eagle Energy Corp.

Littleton, Colorado-based American Eagle Energy Corporation is
engaged in the acquisition, exploration and development of oil and
gas properties.  The Company is primarily focused on extracting
proved oil reserves from those properties.

American Eagle Energy Corporation and its wholly-owned subsidiary,
AMZG, Inc., filed on May 8, 2015, voluntary petitions (Bankr. D.
Colo., Case No. 15-15073).  The case is assigned to Judge Howard
R. Tallman.  The Debtors are represented by Elizabeth A. Green,
Esq., at Baker & Hostetler LLP, in Orlando, Florida.

On May 13, 2015, Judge Tallman granted the Debtors' request for
joint administration.

American Eagle Energy disclosed total assets of $21,980,687 and
total liabilities of $193,604,113 as of the Chapter 11 filing.

The U.S. Trustee for Region 6 appointed seven creditors to serve
On the Official Committee of Unsecured Creditor.  The Committee
tapped Pachulski Stang Ziehl & Jones LLP as counsel, and Conway
Mackenzie as financial advisor.


AMERICAN MADE TIRES: S. Georgilis' Suit vs. CFCU Remanded
---------------------------------------------------------
Judge Elizabeth S. Stong of the United States Bankruptcy Court for
the Eastern District of New York concluded that Plaintiff Steven
Georgilis has not shown that he is entitled to reconsideration of
this Court's decision on his motion to remand to the New York
Supreme Court the adversary case captioned STEVEN GEORGILIS, as
assignee of American Made Tires, Inc., as assignee of Ohio Made
Tires, LLC, and as assignee of Green Diamond Tire Factory Ltd.,
Plaintiff, v. CORNING FEDERAL CREDIT UNION, et al., Defendants,
Adv. Pro. No. 15-01062-ess (Bankr. E.D.N.Y.), and remanded the
adversary proceeding to New York Supreme Court.

Mr. Georgilis sought reconsideration of the Court's remand order
entered on November 6, 2015, remanding this adversary proceeding to
the New York Supreme Court, Queens County.  The matter to be
decided by the Court is whether Mr. Georgilis has shown that the
Court should reconsider and amend the Remand Order pursuant to Rule
60(b) of the Federal Rules of Civil Procedure, made applicable here
by Bankruptcy Rule 9024.

The bankruptcy case is In re: AMERICAN MADE TIRES INC., Chapter 11,
Debtor.Case No. 11-50397-ess (Bankr. E.D.N.Y.).

A full-text copy of the Memorandum Decision dated June 14, 2016 is
available at https://is.gd/nqu4JF from Leagle.com.

Corning Federal Credit Union, Defendant, is represented by Glenn M.
Fjermedal, Esq. --gfjermedal@davidsonfink.com -- Davidson Fink LLP,
David Rasmussen, Esq. -- drasmussen@davidsonfink.com -- Davidson
Fink LLP.

Central Marketing, Inc., Defendant, is represented by Joshua
Abramson, Esq. -- jhabramson@pbnlaw.com -- Porzio Bromberg &
Newman, P.C. Brett S. Moore, Esq. -- bsmoore@pbnlaw.com -- Porzio
Bromberg & Newman.


ASTORIA ENERGY: S&P Affirms BB Project Finance Rating, Outlook Neg
------------------------------------------------------------------
S&P Global Ratings affirmed its 'BB' project finance rating on
Astoria Energy LLC and revised the outlook to negative from stable.
The recovery rating on this debt is '1', indicating expectations
for very high (90%-100%) recovery in the event of a default.

"The outlook revision results from a weaker power pricing
environment that has come about on the heels of
weaker-than-expected demand growth for power in NYISO Zone J," said
S&P Global Ratings credit analyst Michael Ferguson.  The result of
this, for Astoria, is lower forward-looking cash flows, in S&P's
forecast. S&P anticipates that it could lower the rating if spark
spreads continue to weaken, or if there is limited improvement in
capacity pricing.  While operations have remained comparatively
strong, weakness in operations could prompt a negative rating
action as well.

Astoria Energy LLC is a special-purpose, bankruptcy-remote entity
that owns a 585-megawatt natural gas-fired power plant in Queens,
N.Y.  It is owned by a consortium of sponsors, including GDF Suez
NA (43.94%), MyPower Corp. Inc. (35.57%), JEMB Family L.P./Harbert
Management Corp. (14.68%), and Energy Investors Fund (5.82%).
Astoria issued a $700 million senior secured term loan and a $70
million senior secured revolving credit facility in late 2014, then
upsized the term loan to $775 million in April 2015.  The project
used net proceeds to repay existing debt and make a distribution to
sponsors.  The term loan continues to be repaid through minimal
mandatory amortization and a 75% excess cash flow sweep.  The power
purchase agreement (PPA) with Consolidated Edison of New York ran
through April 2016, and we assume merchant operations hereafter.

The negative outlook reflects S&P's expectation that Astoria will
continue its strong operational performance, but will face lower
DSCRs, perhaps around 2.3x in its post-contracted period, based on
some weakness in the Zone J power market.

S&P could lower the rating if financial performance falls below its
base-case expectations, such that minimum DSCRs during the merchant
period fall below 2.0x or expected debt at maturity exceeds $425
million.  This could stem from operational issues at the plant, but
more likely from a continued downturn in the Zone J capacity and
energy markets, which S&P did not expect at the time it initially
rated this deal.

An outlook revision would likely require DSCRs above 2.7x during
the merchant period.  This would require continued sound
operational performance along with greater-than-expected energy
margins and capacity revenue.


B&L EQUIPMENT: Hires PPL Group as Auctioneer
--------------------------------------------
B&L Equipment Rentals, Inc. seeks authorization from the U.S.
Bankruptcy Court for the Eastern District of California to employ
PPL Group, LLC as Auctioneer.

The Debtor owns and operates an oilfield service company in four
states including California, Texas, Colorado, and Nevada.  The
Debtors' assets include equipment, vehicles, and other personal
property not needed in the operation of the business.  The Debtor
believes that the Equipment has a value of about $650,000.

The Debtor wish to employ PPL as its auctioneer to sell the
Equipment at public auction.  The Debtor has negotiated the
"Advance Auction Agreement" and the Agreement outlines the terms
under which PPL will serve as auctioneer for the Debtor and sell
the Equipment.  The Agreement provides that the Debtor will receive
a guarantee advance payment of $400,000 from PPL before the sale of
the Equipment.  The Advance will be used to pay debt owed to Bank
of America secured by a blanket lien against the Equipment.

The Agreement provides for the distribution of the proceeds from
the sale of the Equipment as follows:

     a. the first $400,000 of sale proceeds will be paid PPL to
cover the Advance;

     b. the next $50,000 of sale proceeds will be paid to PPL to
cover PPL's expenses and risk; and

     c. all proceeds over $450,000 will be paid 80% to the Debtor
and 20% to PPL. The 20% paid to PPL will represent a commission and
auctioneer fee.

Joel Bersh, partner and executive vice president of PPL Group, LLC,
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.

PPL may be reach at:

      Joel Bersh
      105 Revere Drive, Suite C
      Northbrook, IL 60062
      Telephone: 224-927-5302
      E-mail: joel@pplauction.com

              About B&L Equipment Rentals

B&L Equipment Rentals, Inc., filed a Chapter 11 bankruptcy petition
(Bankr. E.D. Cal. Case No. 15-14685) on Nov. 30, 2015.  The
petition was signed by Lawrence F. Jenkins as president. The Debtor
listed total assets of $17.2 million and total debt of $5.02
million.  The Law Office of Leonard K. Welsh represents the Debtor
as counsel.  The case has been assigned to Judge Rene Lastreto II.


BAYTEX CREDIT: Unsecureds to Receive Promissory Note, Newco Stock
-----------------------------------------------------------------
Baytex Credit Corp. filed with the U.S. Bankruptcy Court in
Houston, Texas, its Second Amended Plan of Reorganization and
Second Amended Disclosure Statement on June 7, 2016.

The Plan has two classes: Class 1 General Unsecured Claims and
Class 2 Equity Interests.

Each Holder of an Allowed Unsecured Claim will receive a promissory
note issued by the Debtor in the face amount of 40% of the original
principal amount of the Holder's Allowed Unsecured Claim.  In
addition, on or reasonably promptly after the Effective Date, each
Holder of an Allowed Unsecured Claim shall receive a number of
shares of common stock in the Reorganized Debtor equal to 120% of
the original principal amount of that Holder's Allowed Unsecured
Claim.

The Unsecured Creditors and their proposed treatment are:

              Original   New Debt
   Creditor   Debt       in the Plan    New Shares
   --------   --------   -----------    ----------
Revenue, LLC  $250,000      $100,000       300,000
Spur Growth
  Partners    $400,000      $160,000       480,000
Office Trade
  Company     $600,000      $240,000       720,000

Office Trade Company is a limited liability company owned by the
Debtor's principle, William Vincent Walker. On November 15, 2015,
the Debtor signed a promissory note payable to Office Trading
Company for $600,000.  The Debtor has made no payments on this
promissory note. The $600,000 is debt accrued from advances and
services rendered by Office Trade Company over the previous five
years.  During that period, Office Trade Company assisted the
Debtor in obtaining leases and collecting lease payments on oil
sand projects in Wyoming.  

Spur Growth Partners, LLC, is a company owned by Martin Estill, who
will join the Reorganized Debtor as its Chief Executive Officer and
as a Member of the Board of Directors overseeing management of the
Reorganized Debtor. On November 15, 2015, the Debtor signed a
promissory note payable to Spur Growth Partners, LLC for $400,000.
The Debtor has made no payments on this promissory note. In
consideration for the promissory note, Spur Growth Partners offered
the services of Mr. Estill to acquire the asset from Revenue LLC,
defined the go to marketing strategy and initial market review for
the future sale of re:venue and will continue to assist in the
marketing of the Debtor's software and soliciting investors.  Mr.
Estill will not charge the Debtor for any post-petition services
rendered.

Revenue, LLC, is a Seattle-based software company focused on
delivering web-based marketing technology to the restaurant
industry.  William Walker is a passive investor in Revenue, LLC and
owns 5% of the total ownership shares.  Martin Estill is a passive
investor in Revenue, LLC and owns 53% of the total ownership
shares. On October 30, 2015, the Debtor signed a promissory note
payable to Revenue, LLC for $250,000.  In the event the Debtor
fails to repay the promissory note before November 1, 2016, the
intellectual property rights associated with the re:venue software
will be returned to Revenue, LLC.  Revenue, LLC is incentivized to
vote in favor the Plan to expand the market for the re:venue
technology.  If the Debtor effectively markets, sells, and
continues to develop the software, Revenue, LLC. benefits through
the active growth of the software.

Class 1 is impaired and the Holder of a Claim in Class 1 is
entitled to vote to accept or to reject the Plan.  The negotiations
between Class 1 holders' treatment under the Plan occurred
prepetition between Mr. Estill, Mr. Walker, and Devlin McGill, the
President of Revenue, LLC and Travelers Pubs, Inc. The number of
shares issued to Class 1 reflects the price point at which the
Debtor intends to sell shares to future investors.

The Plan proposes to dilute shareholders in Class 2, after shares
are issued to Class 1, and after additional investors are solicited
post-confirmation. For example, an individual with 1,000 shares
currently has a 0.09% equity interest in the Debtor. The Plan
proposes to dilute that shareholders interest to 0.05%. The Plan
further proposes to dilute that interest if the Debtor is
successful in obtaining post-confirmation investors. If these
hypothetical investors purchase $1,000,000 in shares, a current
shareholder with 1,000 shares will be further diluted to 0.03%.
Class 2 is impaired and the Holder of a Claim in Class 2 is
entitled to vote to accept or to reject the Plan.

A copy of the Second Amended Disclosure Statement is available at:

          http://bankrupt.com/misc/txsb16-31578-0022.pdf

The Debtor will request approval by the Bankruptcy Court for these
deadlines, procedures, and instructions for soliciting acceptance
or rejection of the Plan by Creditors:

   Voting Deadline          July 6, 2016 at 3:00 p.m. (CST)
   Confirmation
      Objection Deadline    July 6, 2016 at 3:00 p.m. (CST)
   Confirmation Hearing     July 13, 2016 (subject to change)

Attorneys for Baytex Credit Corp.:

          Jarrod B. Martin, Esq.
          Ronald J. Sommers, Esq.
          NATHAN SOMMERS JACOBS, A PROFESSIONAL CORPORATION
          2800 Post Oak Blvd. 61st Floor
          Houston, TX 77056
          Tel: (713) 960-0303
          Fax: (713) 892-4800
          E-mail: jmartin@nathansommers.com
                  rsommers@nathansommers.com

Baytex Credit Corp. has recently engaged in the licensing of
software used in the management of food and beverage operations.
Baytex Credit Corp. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Tex. Case No. 16-31578) on April 1,
2016.  The petition was signed by William Walker, chairman and
director.  The Debtor is represented by Jarrod B. Martin, Esq., at
Nathan Sommers Jacobs, PC. The case is assigned to Judge Marvin
Isgur.  The Debtor disclosed total assets of $250,100 and total
debts of $1.25 million.


BELK INC: Bank Debt Trades at 19% Off
-------------------------------------
Participations in a syndicated loan under which BELK, Inc is a
borrower traded in the secondary market at 80.75
cents-on-the-dollar during the week ended Friday, June 24, 2016,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents a decrease of 0.70 percentage points from the
previous week.  BELK, Inc pays 450 basis points above LIBOR to
borrow under the $1.5 billion facility. The bank loan matures on
Nov. 19, 2022 and carries Moody's B2 rating and Standard & Poor's
B+ rating.  The loan is one of the biggest gainers and losers among
247 widely quoted syndicated loans with five or more bids in
secondary trading for the week ended June 24.


BH SUTTON: Wants Exclusive Plan Filing Period Extended to Oct. 25
-----------------------------------------------------------------
BH Sutton Mezz LLC, et al., ask the U.S. Bankruptcy Court for the
Southern District of New York to extend the exclusive period during
which Sutton Mezz may file a plan of reorganization for an
additional 120 days through and including Oct. 25, 2016, and the
exclusive period within which Sutton Mezz may solicit acceptances
to a plan of reorganization for an additional 120 days through and
including Dec. 22, 2016.

A hearing on the Debtors' request is set for July 21, 2016, at
10:00 a.m.  Objections must be filed by July 14, 2016, by 5:00
p.m.

Sutton Mezz filed for bankruptcy protection in order to, inter
alia, prevent the pre-petition lender Sutton 58 Associates LLC from
improperly exercising ownership and control over Sutton Mezz, to
reorganize its financial affairs and to preserve its assets and the
value.  Sutton Mezz disputes that any money is owed to this Lender
as the available documents evidence that the Lender never advanced
money to Sutton Mezz.  In fact, Sutton Mezz was merely a borrower,
was never permitted to open a bank account and never received the
benefit of the money it borrowed from the Lender.  There is a
dispute with the Lender as to what, if anything, is owed.

Since the Petition Date, Sutton Mezz has been required to devote
substantial time and energy to responding to: (a) the Lender's
unwarranted, aggressive and baseless motion to dismiss; and (b) a
multitude of Lender's objections to routine and uncontroversial
requests customarily made and utilized by a debtor in possession.

Sutton Mezz submits that the Lender has sought to thwart Sutton
Mezz's reorganization efforts at every turn, and the Lender's
obstructionist conduct exhibited in the early phase of this case is
by intentional design.  Sutton Mezz filed a routine application
seeking to extend time to file schedules of assets and liabilities
and its statement of financial affairs.  In response, the Lender
filed an objection to the application.  The Court subsequently
granted on March 11, 2016, an extension for Sutton Mezz to file its
schedules and statement of financial affairs.  The Lender is
attempting to deny Sutton Mezz its breathing spell afforded under
the Bankruptcy Code.  Indeed, Sutton Mezz and its professionals --
who were only formally retained last month -- have had to devote an
exorbitant amount of time, resources and effort responding to the
Lender.

Sutton Mezz intends to press forward and avail itself of the
protections and opportunities afforded to a debtor in possession
and reorganize its financial affairs for the benefit of its estate
and creditors.  Sutton Mezz desires to preserve its exclusive
opportunity to formulate, file and obtain acceptances in connection
with its Plan of reorganization.

Sutton Mezz and Sutton Owner have been in extensive discussions and
negotiations with multiple lenders concerning a
debtor-in-possession loan facility.  The discussions with various
DIP Lenders have been very productive and favorable.  Negotiations
for the DIP Loan Facility remain ongoing but the complexities of
the corporate transactions have made it difficult to navigate
through the process.  The Debtors already have an executed term
sheet with a proposed DIP Lender, but the parties are working
through corporate documents necessary to complete the transaction.

Frustrating those efforts are the continued objections by the
Lender, including to Rule 2004 discovery from the Debtors'
pre-petition counsel.  The lack of necessary documents, which are
in the possession, custody and control of Debtors' pre-petition
counsel, has further delayed the proposed DIP Loan Facility.

The Debtors will continue in their negotiations with the
prospective DIP Lenders in order to obtain the most favorable terms
possible for the DIP Loan Facility.  Clearly, a DIP Loan Facility
will be a critical component of Sutton Mezz's reorganization
efforts, which will advance vital phases of the Project for the
benefit of the Debtors' estates and their creditors.  To this end,
the Debtors anticipate filing a motion in the near future seeking
Court approval of such a DIP Loan Facility.

Moreover, as the Court is aware, the Debtors are in the process of
preparing a complaint against the Lender concerning the nature,
validity, priority and extent of its asserted lien.  The Adversary
Proceeding will also be a crucial part of Sutton Mezz's
reorganization as the Debtors believe that the Lender went past the
traditional boundaries of a lender and borrower relationship.  The
Debtors' success in that action will undoubtedly benefit their
estates and their creditors.  The Debtors anticipate commencing the
Adversary Proceeding in the near future, however, the Debtors has
been waiting on documents to verify certain pieces of information.

The Debtor's counsel can be reached at:

     Joseph S. Maniscalco, Esq.
     Holly R. Holecek, Esq.
     Adam P. Wofse, Esq.
     LaMONICA HERBST & MANISCALCO, LLP
     3305 Jerusalem Avenue, Suite 201
     Wantagh, New York 11793
     Tel: (516) 826-6500
     E-mail: JSM@LHMLawFirm.com
             AWofse@LHMLawFirm.com

                   About BH Sutton Mezz LLC and
                     Sutton 58 Associates LLC

New York City-based BH Sutton Mezz LLC filed for Chapter 11
protection (Bankr. S.D.N.Y. Case No. 16-10455) on Feb. 26, 2016.
The petition was signed by Herman Carlinsky, president.  The Hon.
Sean H. Lane presides over the case.  Joseph S. Maniscalco, Esq.,
at Lamonica Herbst & Maniscalco, LLP, represents BH Sutton in its
restructuring effort.  The Debtor estimated assets at $100 million
to $500 million and debts at $10 million to $50 million.

Sutton 58 Owner LLC filed a separate Chapter 11 bankruptcy petition
(Bankr. S.D.N.Y. Case No. 16-10834) on April 6, 2016.  Sutton Owner
estimated assets at $100 million to $500 million and debts at $100
million to $500 million.  Sutton Owner's business consists of the
ownership and operation of these real properties: (a) 428, 430 and
432 East 58th Street, New York, New York, 10022, including all air
rights and inclusionary air rights related thereto; and (b) the
cooperative apartments identified as 1R, 2D and 2N located at 504
Merrick Road, Lynbrook, New York 11583.  Sutton Owner seeks to
retain Joseph S. Maniscalco, Esq., and Jordan C. Pilevsky, Esq., at
Lamonica Herbst & Maniscalco, LLP, as its counsel.

Both cases are jointly administered.


BONNIE & CLYDES: 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 Bonnie & Clyde's Wexford, Inc.

Bonnie & Clyde's Wexford, Inc. sought protection under Chapter 11
of the Bankruptcy Code (Bankr. W. D. Pa. Case No. 16-21380) on
April 11, 2016.  

The petition was signed by Mark E. Baranowski, shareholder.  The
case is assigned to Judge Gregory L. Taddonio.

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


BRIDGE CORNER: Case Summary & 2 Unsecured Creditors
---------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

      Debtor                                      Case No.
      ------                                      --------
      Bridge Corner Stone, LLC                    16-13493
      2151 N. Rancho Drive
      Las Vegas, NV 89106

      Rancho Mart, LLC                            16-13494
      2151 N Rancho DR
      Las Vegas, NV 89106

Chapter 11 Petition Date: June 24, 2016

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

Judge: Hon. Bruce T. Beesley

Debtors' Counsel: David A Riggi, Esq.
                  DAVID A. RIGGI, ATTORNEY AND COUNSELOR AT LAW
                  5550 Painted Mirage Road #120
                  Las Vegas, NV 89149
                  Tel: (702) 808-0359
                  E-mail: darnvbk@gmail.com
                          riggilaw@gmail.com
  
                                           Estimated   Estimated
                                             Assets   Liabilities
                                           ---------  -----------
Bridge Corner Stone                        $0-$50K    $1MM-$10MM
Rancho Mart                                $0-$50K    $100K-$500K

The petition was signed by Dawit Ambaye, manager.

A copy of Bridge Corner Stone's list of 20 largest unsecured
creditors -- containing only two entries -- is available for free
at http://bankrupt.com/misc/nvb16-13493.pdf

A copy of Rancho Mart's list of 20 largest unsecured creditors --
containing only four entries -- is available for free at
http://bankrupt.com/misc/nvb16-13494.pdf


CARNEGIE EMS: Wants Plan Filing Period Extended to Oct. 21
----------------------------------------------------------
Carnegie EMS, Inc., asks the U.S. Bankruptcy Court for the Western
District of Pennsylvania to extend the exclusive period for the
Debtor to file a plan of reorganization to Oct. 21, 2016, and the
exclusive period for the Debtor to solicit acceptances of the plan
to Dec. 21, 2016.

The proof of claim deadline is currently set as July 26, 2016, and
the government proof of claim deadline as Aug. 22, 2016.

The extension of the Exclusivity Periods will allow the Bar Dates
to pass and provide the Debtor time to assess all creditors in this
case and generate an inclusive plan addressing all claims.

The Debtor's creditors will not be prejudiced by the requested
extension; on the contrary, the Debtor's creditors will be best
served with an extension of the Exclusivity Periods past the Bar
Dates.

The Debtor continues to work in good faith and remains focused on
facilitating a successful reorganization.  Recent monthly financial
reports show that the Debtor is operating profitably.

The Debtor's counsel can be reached at:

     BERNSTEIN-BURKLEY, P.C.
     Robert S. Bernstein, Esq.
     Allison L. Carr, Esq.
     707 Grant Street
     Suite 2200
     Pittsburgh, PA 15219
     Tel: (412) 456-8100
     Fax: (412) 456-8135
     E-mail: rbernstein@bernsteinlaw.com
             acarr@bernsteinlaw.com

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


CEC ENTERTAINMENT: Bank Debt Trades at 3% Off
---------------------------------------------
Participations in a syndicated loan under which CEC Entertainment
Inc is a borrower traded in the secondary market at 97.21
cents-on-the-dollar during the week ended Friday, June 24, 2016,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents a decrease of 0.31 percentage points from the
previous week.  CEC Entertainment pays 350 basis points above LIBOR
to borrow under the $0.725 billion facility. The bank loan matures
on Feb. 18, 2021 and carries Moody's B2 rating and Standard &
Poor's B rating.  The loan is one of the biggest gainers and losers
among 247 widely quoted syndicated loans with five or more bids in
secondary trading for the week ended June 24.


CENVEO INC: Moody's Raises Corporate Family Rating to Caa1
----------------------------------------------------------
Moody's Investors Service upgraded Cenveo Inc.'s corporate family
rating to Caa1 from Caa2, probability of default rating to
Caa1-PD/LD from Caa3-PD, speculative grade liquidity (SGL) rating
to SGL-3 (adequate liquidity) from SGL-4 (weak liquidity), and
changed the outlook to stable from negative.  As part of the same
rating action, debt instrument ratings at Cenveo Corporation, a
wholly-owned subsidiary whose debts are guaranteed by Cenveo were
affected as follows: senior secured first lien notes, upgraded to
B3 from Caa1; senior secured second lien notes, upgraded to Caa2
from Caa3; senior unsecured notes, affirmed at Caa3.

The rating action results from the June 13, 2016, announcement of
the closure of Cenveo's debt exchange offer, which Moody's
considers an event of default.  Moody's will append the /LD limited
default indicator to Cenveo's PDR, which will remain for one
business day.  As of the rating action date, the new 6% senior
unsecured notes will not be rated by Moody's.

The upgrade of the CFR reflects Moody's opinion that the exchange
allows the company to operate without refinancing risk until May
2019, while the company works to improve operations and reduce
leverage.  Moody's predicts that Cenveo will have sufficient
available liquidity to address the approximately $50 million of
outstanding 2017 maturity amounts remaining after the exchange.
Though near-term refinance risk has been mitigated, the company is
still expected to have elevated leverage and execution risk as it
transitions to envelope conversion from commercial printing, for
which it has a short operating history.

This summarizes Moody's ratings and the rating actions for Cenveo:

Actions for Cenveo Inc.
  Corporate Family Rating, Upgraded to Caa1 from Caa2
  Probability of Default Rating, Upgraded to Caa1-PD/LD from Caa3-
   PD
  Speculative Grade Liquidity Rating, Upgraded to SGL-3 from SGL-4
  Outlook, Changed to Stable from Negative

Actions for Cenveo Corporation
  Senior Secured First Lien Notes, Upgraded to B3 (LGD3) at Caa1
   (LGD3)
  Senior Secured Second Lien Notes, Upgraded to Caa2 (LGD4) at
   Caa3 (LGD4)
  Senior Unsecured Notes, Affirmed at Caa3 (LGD5)

                          RATINGS RATIONALE

Cenveo's Caa1 CFR reflects Moody's opinion the company will
maintain an aggressive debt load with leverage of Debt/EBITDA
expected to be around mid-to-high 7x during 2016/2017.  The company
is in the latter stages of a protracted business restructuring that
has seen operations transitioned into envelope converting,
significantly reducing exposure to commercial printing.  However,
while the operational repositioning is credit positive, the company
has to prove that they will consistently generate free cash flow to
repay debt.  In the interim, Moody's expects the company to
maintain adequate liquidity, with no refinance milestones until
2019.

Cenveo's speculative grade liquidity has been assessed as SGL-3,
indicating adequate liquidity.  Moody's expects Cenveo to generate
close to $30 million of free cash flow during the twelve months to
June 2017, and the company has a $190 million ABL facility with
expectations of about $170 million of unused capacity to address
its approximately $50 million in 2017 maturities.  Cenveo lacks
financial flexibility from potential asset sales as Moody's does
not expect there to be non-core assets to be sold or buyers for
assets.

Rating Outlook

The stable outlook reflects expectations of Cenveo's adequate
liquidity position, stemming from predictions of positive free cash
flow, deleveraging capability, and a lack of refinance milestones
till 2019.

What Could Change the Rating - Up
  EBITDA expansion, such that Debt / EBITDA remains below 5x on a
   sustained basis (7.7x at 2Apr16)
  Expectations of cash flow self-sustainability
  Together with
   --- Solid liquidity
   --- Clarity on business asset portfolio planning

What Could Change the Rating -- Down
  Lack of EBITDA expansion, such that Debt / EBITDA remains above
   8x on a sustained basis (7.7x at 2Apr16)
  Weakened liquidity
  Heightened execution risks
  Deteriorating business conditions

The principal methodology used in these ratings was Global
Publishing Industry published in December 2011.

Cenveo Inc. is a publicly-traded holding company, headquartered in
Stamford Connecticut.  Cenveo owns Cenveo Corporation, which has
about $1.7 billion of revenue from envelope converting (52%),
commercial printing (29%) and label/packaging (19%).

While all debt instruments are issued by Corp, Cenveo guarantees
all of Corp's debt and financial statements are issued only by
Cenveo.  Moody's maintains corporate-level ratings and the
associated outlook at Cenveo.


CHESAPEAKE ENERGY: S&P Hikes CCR to CCC on Sr. Unsec. Note Exchange
-------------------------------------------------------------------
S&P Global Ratings raised the corporate credit rating on Oklahoma
City-based exploration and production company Chesapeake Energy
Corp. to 'CCC' from 'SD'.  The outlook is negative.

The issue-level and recovery ratings on the company's debt are
unchanged.

"We raised the corporate credit rating on Chesapeake to reflect our
reassessment of its credit profile following the exchange of its
7.25% senior notes due 2018, floating-rate senior notes due 2019,
5.375% senior notes due 2021, 6.125% senior notes due 2021, 4.875%
senior notes due 2022, and 2.25% contingent convertible senior
notes due 2038 and putable in 2018," said S&P Global Ratings credit
analyst Paul Harvey.  "The rating reflects our expectation that
debt leverage will remain at what we consider unsustainable levels
over the next 24 months and that liquidity will remain challenged
as Chesapeake faces a very heavy maturity and put schedule that
could significantly weaken current liquidity levels," he added.

In 2017, Chesapeake has about $1.4 billion of debt that matures or
can be put to it including its $344 million 6.25%
euro–denominated notes due January 2017, $315 million 6.5% senior
notes due August 2017, and $730 million 2.5% contingent convertible
notes due 2037 that can be put to the company for cash in May 2017.
In addition, Chesapeake has about $1.8 billion of debt maturities
or putable debt in 2018 through 2019; therefore, liquidity remains
a key credit factor in S&P's analysis.

S&P is maintaining the 'D' issue-level ratings on the 6.5% senior
notes due 2017, 2.5% convertible notes due 2037 (putable 2017),
2.25% convertible notes due 2038 (putable 2018), 7.25% senior notes
due 2018, floating rate notes due 2019, 6.125% senior notes due
2021, 5.375% senior notes due 2021, and 4.875% senior notes due
2022.  These ratings are unchanged to reflect the potential that
Chesapeake could execute additional exchanges on these notes,
although none are expected at this time, given the benefits to
liquidity from retiring debt at even a modest discount to par.  As
a result, S&P would not lower the corporate credit rating to 'SD'
should there be additional distressed exchanges of these notes.

The negative outlook reflects the the potential to lower ratings if
liquidity materially weakens from current levels, or if Chesapeake
commences a material exchange offer that S&P would consider
distressed as it addresses its onerous maturity profile over the
next two to three years.  Despite recent asset sales, liquidity is
likely to remain challenged due to a heavy debt maturity schedule,
including putable debt over the next 24 months, as well as the
company's currently unsustainable leverage.

S&P could raise the rating if Chesapeake can address upcoming debt
maturities and putable debt such that S&P no longer expect
liquidity to meaningfully deteriorate next year, likely in
conjunction with expectations for improving financial measures.


CLASSIC COMMUNITIES: Creditors' Panel Hires Cole Schotz as Counsel
------------------------------------------------------------------
The Official Committee of Unsecured Creditors of Classic
Communities Corporation seek authorization from the U.S. Bankruptcy
Court for the Middle District of Pennsylvania to employ Cole Schotz
P.C. as counsel for the Committee, nunc pro tunc to June 13, 2016.

The Committee requires Cole Schotz to:

     a. advise the Committee with respect to its rights, duties and
powers in this Chapter 11 case;

     b. assist and advise the Committee in its consultations with
the Debtor relative to the administration of this Chapter 11 case;

     c. assist the Committee in analysing the claims of the
Debtor's creditors and the Debtor's capital structure and in
negotiating with holders of claims and equity interest;

     d. assist the Committee in its investigation of the acts,
conduct, assets, liabilities and financial condition of the Debtor
and of the operation of the Debtor's business;

     e. assist the Committee in its investigation of the liens and
claims of the Debtor's pre-petition lenders and the prosecution of
any claims or causes of action revealed by such investigation;

     f. assist the Committee in its analysis of, and negotiations
with, the Debtor or any third party concerning matters related to,
among other things, the assumption or rejection of certain leases
of nonresidential real property and executory contracts, asset
dispositions, financing of other transactions and the terms of a
plan or reorganization for the Debtor and accompanying disclosure
statement and related plan documents;

     g. assist and advise the Committee in communicating with
unsecured creditors regarding significant matters in this Chapter
11 case;

     h. represent the Committee at hearings and other proceedings;

     i. review and analyze applications, orders, statements of
operations and schedules filed with the Court and advise the
Committee as to their property;

     j. assist the Committee in preparing pleadings and application
as may be necessary in furtherance of the Committee's interests and
objectives;

     k. prepare, on behalf of the Committee, any pleadings,
including without limitations, motions, memoranda, complaints,
adversary complaints, objections or comments in connection with any
of the foregoing; and

     l. perform such other legal services as may be required or are
otherwise deemed to be in the interest of the Committee in
accordance with the Committee's powers and duties as set forth in
the Bankruptcy Code, Bankruptcy Rules or other applicable law.

Cole Schotz will be paid at these hourly rates:

       Gary H. Leibowitz, Esq.               $510
       Jonathan A. Grasso, Esq.              $290
       Partners and Special Counsel          $410-$825
       Associates                            $160-$420
       Paralegals                            $165-$270
       Litigation Support Specialist         $275-$375
       Project Assistants                    $75-$200

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

Gary H. Leibowitz, partner in the law firm of Cole Schotz, 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.

Cole Schotz may be reached at:

      Gary H. Leibowitz, Esq.
      Cole Schotz P.C.
      300 E. Lombard Street, Suite 1450
      Baltimore, MD 21202
      Telephone: (410)528-2971
      Fax: (410)528-9401
      E-mail: gleibowitz@coleschotz.com

              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.


COLUCCI TILE: 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 Colucci Tile and Marble, Inc.

Colucci Tile and Marble, Inc. sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. W.D. Pa. Case No. 16-21389) on April
12, 2016.  The petition was signed by Carl J. Hilbert, president.

The case is assigned to Judge Gregory L. Taddonio.

At the time of the filing, the Debtor estimated its assets at
$100,000 to $500,000, and debts at $1 million to $10 million.


CONDADO RESTAURANT: Wants Plan Filing Extended to Aug. 23
---------------------------------------------------------
Condado Restaurant Group, Inc., and Restaurant Associates of Puerto
Rico, Inc., ask the U.S. Bankruptcy Court for the District of
Puerto Rico to extend the exclusive period for the Debtors to
submit a disclosure statement and plan of reorganization to Aug.
23, 2016, and the period for the Debtors to solicit acceptance of
the plan to Oct. 20, 2016.

Subsequent to the filing of their Petitions, the Debtors have
encountered multiple conflicts with the Department of the Treasury
of Puerto Rico, and most recently the Internal Revenue Service,
which have served multiple notices of audits and investigations
into personal liability, which have overwhelmed the Debtors and
their principal.  Due to the conflicts with the PR Treasury, the
Debtors' efforts to devise an effective reorganization plan and
compose a fully adequate disclosure statement have been delayed and
disrupted.

Despite the delay, the Debtors have made good and steady progress
towards reorganization, as evidenced by their monthly operating
reports.  The Debtors have also complied with making the necessary
payments to the U.S. Trustee.

The Debtors need additional time to negotiate with their key
creditors, including governmental creditors like the PR Treasury
and the IRS.

The Debtors tell the Court that allowing them more time to
negotiate with key creditors and more time to discuss their
proposed plan of reorganization with interested parties will enable
them to present a plan that can be evaluated on a more expeditious
basis.

Headquartered in San Juan, Puerto Rico, Condado Restaurant Group,
Inc., filed for Chapter 11 bankruptcy protection (Bankr. D. P.R.
Case No. 16-01329) on Feb. 24, 2016, estimating its assets and
liabilities at between $1 million and $10 million.  The petition
was signed by Dayn Smith, president.

The Debtor's bankruptcy counsel can be reached at:

                  Javier A Vega Villalba, Esq.
                  Stuart A. Weinstein-Bacal, Esq.
                  WEINSTEIN BACAL & MILLER, PSC
                  Gonzalez Padin Bldg Penthouse
                  154 Rafael Cordero
                  San Juan, PR 00901
                  E-mail: jvv@wbmvlaw.com
                          swb@wbmvlaw.com


CONTROL COMMUNICATIONS: Case Summary & 20 Top Unsecured Creditors
-----------------------------------------------------------------
Debtor: Control Communications, Inc.
        PO Box 291740
        Fort Lauderdale, FL 33329

Case No.: 16-18978

Chapter 11 Petition Date: June 24, 2016

Court: United States Bankruptcy Court
       Southern District of Florida (Fort Lauderdale)

Judge: Hon. John K Olson

Debtor's Counsel: Robert C Furr, Esq.
                  FURR & COHEN, P.A.
                  2255 Glades Rd #337W
                  Boca Raton, FL 33431
                  Tel: (561) 395-0500
                  Fax: (561) 338-7532
                  E-mail: bnasralla@furrcohen.com

                    - and -

                  Alvin S. Goldstein, Esq.
                  FURR & COHEN, P.A.
                  2255 Glades Rd #337W
                  Boca Raton, FL 33431
                  Tel: (561) 395-0500
                  E-mail: agoldstein@furrcohen.com

Total Assets: $1.07 million

Total Liabilities: $1.77 million

The petition was signed by Sigilfredo Rodriguez, Jr., president.

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/flsb16-18978.pdf


COUSINS INT'L: Aquinos' Claims Not Discharged in Ch. 11 Proceeding
------------------------------------------------------------------
Judge Mildred Caban Flores of the United States Bankruptcy Court
for the District of Puerto Rico granted the motion for summary
judgment filed by the defendants in the adversary case captioned
ENCANTO RESTAURANTS, INC.; COUSINS INTERNARIONAL FOOD CORP.; CIF
BARCELONETA CORP., Plaintiffs, v. LUIS S. AQUINO VIDAL; OLGA M.
VIDAL; HECTOR A. CORTES BABILONIA; and GUILLERMO D. RODRIGUEZ
SERRANO, Defendants, Adv. No. 14-00030 (Bankr. D.P.R.).

The court concludes that as known creditors, the Aquinos did not
receive notice of the Debtor's bankruptcy filing or of the sale
motion. As such, they could not have violated the automatic stay.
Encanto argues again that adequate notice was provided to the
Aquinos through Debtor-counsel's informative motion filed in the
Local Proceeding, stating how she learnt through the news media
that her client filed for bankruptcy. The local court refused to
consider this statement as sufficient and required Debtor to
transmit proof of its bankruptcy filing in order to provide
adequate notice to the court and the parties. Debtor ignored the
local court's order.

The Aquinos' claims are not discharged in this bankruptcy
proceeding. The Aquinos' lack of adequate notice is a "defect which
precludes discharge of a claim."

The bankruptcy case is IN RE: COUSINS INTERNATIONAL FOOD CORP.,
Chapter 11, Debtor, Case No. 12-08567-MCF (Bankr. D.P.R.).

A full-text copy of the Opinion and Order dated June 14, 2016 is
available at https://is.gd/oAYsUt from Leagle.com.

ENCANTO RESTAURANTS, INC., Plaintiff, is represented by HERMANN D.
BAUER ALVAREZ, Esq. --
hermann.bauer@oneillborges.com -- O'NEILL & BORGES, NAYUAN
ZOUAIRABANI TRINIDAD, O'NEILL & BORGES.

CIF BARCELONETA CORP, Plaintiff, is represented by NICOLAS A. WONG,
Esq. -- nicholas.wong@cliffordchance.com -- WONG LAW OFFICES.

Luis S. Aquino Vidal, Defendant, is represented by JACQUELINE
HERNANDEZ SANTIAGO, Esq.


COWBOYS FAR: Case Summary & 6 Unsecured Creditors
-------------------------------------------------
Debtor: Cowboys Far West, Ltd.
        3030 NE Loop 410
        San Antonio, TX 78218

Case No.: 16-51419

Chapter 11 Petition Date: June 24, 2016

Court: United States Bankruptcy Court
       Western District of Texas (San Antonio)

Judge: Hon. Ronald B. King

Debtor's Counsel: James Samuel Wilkins, Esq.
                  WILLIS & WILKINS, LLP
                  711 Navarro St Suite 711
                  San Antonio, TX 78205
                  Tel: 210-271-9212
                  Fax: 210-271-9389
                  E-mail: jwilkins@stic.net

Estimated Assets: $50 million to $100 million

Estimated Debts: $1 million to $10 million

The petition was signed by Michael J. Murphy, president of Cowboys
Concert Hall-Arlington, Inc., general partner.

List of Debtor's Six Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Amie Haynes                                                   $0

Cowboys Concert Hall- Arlington Ltd.                     $37,800

First National Bank                                      $50,000

Nicholas Joseph Finnerty                                      $0

Red River Beverage, Inc.                                $126,060

Renea Menzies                                             $3,500


CYRUS WAY HOLDINGS: Case Summary & Unsecured Creditor
-----------------------------------------------------
Debtor: Cyrus Way Holdings, LLC
        11709 Cyrus Way
        Mukilteo, WA 98275

Case No.: 16-13356

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: June 24, 2016

Court: United States Bankruptcy Court
       Western District of Washington (Seattle)

Judge: Hon. Timothy W. Dore

Debtor's Counsel: Larry B. Feinstein, Esq.
                  VORTMAN & FEINSTEIN
                  520 Pike Street, Ste. 2250
                  Seattle, WA 98101
                  Tel: 206-223-9595
                  E-mail: feinstein1947@gmail.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Mark L. Jackson, owner.

The Debtor listed Allied World Specialty Insurance Company as its
largest unsecured creditor holding a claim of $400,000.

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

          http://bankrupt.com/misc/wawb16-13356.pdf


DAWSON INTERNATIONAL: Files Schedules of Assets and Liabilities
---------------------------------------------------------------
Dawson International Investments (Kinross) Inc., filed with the
U.S. Bankruptcy Court for the Southern District of New York its
schedules of assets liabilities, disclosing:

     Name of Schedule         Assets            Liabilities
     ----------------         ---------------   ---------------
  A. Real Property            $0
  B. Personal Property        $  4,807,650.00
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                             $0
  E. Creditors Holding
     Unsecured Priority
     Claims                                     $0
  F. Creditors Holding
     Unsecured Non-Priority
     Claims                                     $  5,408,253.54
                             ---------------    ---------------
        Total                $  4,807,650.00    $  5,408,253.54

A copy of the schedules is available for free at:

                        https://is.gd/po2E0Y

                     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.

Based in Natick, Massachusetts, Ilion Properties, Inc., Dawson
International Investments (Kinross) Inc., Dawson International
Properties, Inc., DCC USA Inc., and Dawson Luxury Garments LLC
filed separate Chapter 11 bankruptcy petitions (Bankr. S.D.N.Y.
Case Nos. 16-11550 to 16-11554) on May 27, 2016.  The Hon. James L.
Garrity Jr. presides over the cases.

Patrick L. Hayden, Esq., and Nathan S. Greenberg, Esq., at
McGUIREWOODS LLP, serve as counsel to the Debtors.

The Debtors estimate these assets and liabilities in their
petition:

                                          Estimated    Estimated
                                           Assets     Liabilities
                                         -----------  -----------
Ilion Properties, Inc.                   $1MM-$10MM   $1MM-$10MM
Dawson International Investments         $1MM-$10MM   $1MM-$10MM
Dawson International Properties, Inc.    $1MM-$10MM   $1MM-$10MM
DCC USA Inc.                             $1MM-$10MM   $1MM-$10MM

The petitions were signed by David G. Cooper, president and sole
director.


DEE'S FOODSERVICE: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

     Debtor                                          Case No.
     ------                                          --------
     Dee's FoodService - ABQ Inc.,                   16-11560
        dba Dee's FoodService
        fdba Dee's Cheesecake Factory
        fdba Cheesecake Factory
     A New Mexico Corporation
     3300 Menaul NE
     Albuqueruqe, NM 87107

     Dee's FoodService - El Paso, LLC                16-11563

Chapter 11 Petition Date: June 24, 2016

Court: United States Bankruptcy Court
       District of New Mexico (Albuquerque)

Judge: Hon. Robert H. Jacobvitz

Debtors' Counsel: William J Arland, III, Esq.
                  ARLAND & ASSOCIATES, LLC
                  PO Box 1089
                  Santa Fe, NM 87504-1357
                  Tel: 505.955.0770
                  Fax: 505.955.0769
                  E-mail: warland@thearlandlawfirm.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petitions were signed by Steven C. Mager, president/CEO.

A copy of Dee's FoodService - ABQ Inc.'s list of 20 largest
unsecured creditors is available for free at:

           http://bankrupt.com/misc/nmb16-11560.pdf


DEPAUL INDUSTRIES: U.S. Trustee Forms 5-Member Committee
--------------------------------------------------------
Gail Brehm Geiger, acting U.S. trustee for Region 18, on June 22
appointed five creditors of DePaul Industries and DePaul Services,
Inc., to serve on the official committee of unsecured creditors.

The committee members are:

     (1) Benchmade Knife Co.
         c/o Tracy Krochmalny
         300 Beavercreek Rd.
         Oregon City, OR 97045
         Phone: (503) 655-6004
         Fax: (503) 655-7922
         Email: tkrochmalny@benchmade.com

     (2) Fiskars Brands, Inc.
         c/o Jeffrey Liebling
         2537 Daniels Street
         Madison, WI 53718
         Phone: (608) 294-4655
         Fax: (608) 294-4790
         Email: jeff.liebling@fiskars.com

     (3) Sensory Effects Cereal Systems, Inc.
         c/o Travis Larsen
         4343 NW 38th Street
         Lincoln, NE 68524
         Phone: (801) 820-1117
         Email: tlarsen@balchem.com

     (4) Indoor Billboard/Northwest, Inc.
         c/o Jim Schulevitz
         PO Box 17555
         Portland, OR 97217
         Phone: (503) 289-9020
         Fax: (503) 289-9034
         Email: jim@indoor.com

     (5) Image Pressworks
         c/o Scott Norton
         4544 NE 190th Lane
         Portland, OR 97230
         Phone: (503) 381-2846
         Fax: (503) 231-2578
         Email: scott.n@imagepressworks.com

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 DePaul Industries

DePaul Industries is a non-profit corporation based in Portland,
Ore., founded in 1971 with a mission of providing employment
opportunities for people with disabilities.  DePaul Services, Inc.,
was formed in 2004 as a separate Oregon non-profit corporation to
segregate DPI's work for governmental entities from its
non-governmental work.  DePaul lost a major $1 million spice
packaging customer in 2015.

DPI and DSI filed chapter 11 petitions (Bankr. D. Ore. Case No.
16-32293 and 16-32294) on June 10, 2016, and are represented by
Jeffrey C. Misley, Esq., and Thomas W. Stilley, Esq., at Sussman
Shank LLP in Portland.  At the time of the filing, the Debtors
estimated their assets and liabilities at less than $10 million.


DIOCESE OF DULUTH: Crown Wing County Tracts Sale for $120K Approved
-------------------------------------------------------------------
Judge Robert J. Kressel of the U.S. Bankruptcy Court for the
District of Minnesota authorized Diocese of Duluth to sell Tracts A
and B, Carlson Lake Road, located in Brainerd, Crow Wing County,
Minnesota, to Roger Bernau and Marilyn Bernu, for $120,000.

The Tracts are more particularly described as:

     Tract A: The North 510 feet of the Northwest Quarter of the
Northeast Quarter (NW1/4-NE1/4), Section 26, Township 134, Range
29, Crow Wing County, Minnesota. The tract is subject to the rights
of way for Barbeau Road and Carlson Lake Road. It is also subject
to other easements, reservations or restrictions of record, if
any.

     Tract B: The South 655 feet of the West 535 feet of the
Northwest Quarter of the Northeast Quarter  (NW1/4-NE1/4) and the
West 535 feet of the North Half of the Southwest Quarter of the
Northeast Quarter (N1/2-SW1/4-NE1/4), all in Section 26, Township
134, Range 29, Crow Wing County, Minnesota. The tract is subject to
the right of way for Carlson Lake Road. It is also subject to other
easements, reservations or restrictions of record, if any.

Judge Kressel also authorized the Debtor to pay, from funds at
closing, real estate commission to Wadsten and Edina Realty in the
amount of $7,634. The debtor will hold the rest of the funds in a
separate account pending further order.

                                                     About Diocese
of Duluth

The Diocese of Duluth is headquartered in Duluth, Minnesota.  It
covers northern Minnesota parishes and 10 counties with Cass to the
west, Koochiching to the north, Cook to the east and Pine to the
south.

The Diocese of Duluth sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Minn. Case No. 15-50792) on Dec. 7,
2015.  The case is assigned to Judge Robert J Kressel.

The Debtor's lead counsel is Bruce A Anderson, Esq., and J Ford
Elsaesser, Esq., at Elsaesser Jarzabek Anderson Elliott &
MacDonald, CHTD., in Zandpoint, Idaho.  The Debtor's local counsel
is Phillip Kunkel, Esq., at Gray, Plant, Mooty, Mooty & Bennett,
P.A., in St Cloud, Minnesota.

In its petition, the Debtor estimated $1 million to $10 million in
both assets and liabilities.  The petition was signed by Rev. James
Bissonette, vicar general.


DOUGLAS DYNAMICS: Moody's Affirms B1 CFR, Outlook Remains Stable
----------------------------------------------------------------
Moody's Investors Service affirmed Douglas Dynamics L.L.C.'s
Corporate Family and Probability of Default ratings at B1, and
B1-PD, respectively.  In related action Moody's downgraded Douglas
Dynamics' senior secured term loan rating to B2 from B1.  The
rating action incorporates the proposed $130 million add-on amount
to the senior secured term loan.  The Speculative Grade Liquidity
Rating was downgraded to SGL-3 from SGL-2.  The rating outlook
remains stable.

Proceeds from the $130 million senior secured add-on term loan
along with additional funds from the company's revolving credit
facility and cash balances will be used to fund the recently
announced acquisition of Dejana Truck & Utility Equipment Companies
(Dejana) for a purchase price of $206 million including a $26
million earn out provision.  Dejana is a leading fitter of Class
4-6 trucks and other commercial work vehicles in the Eastern U.S.
Dejana also is a leading specialized manufacturer of storage
solutions for trucks and vans and cable pulling equipment for
trucks.

Moody's took these rating actions on Douglas Dynamics L.L.C.:

Ratings affirmed:
  Corporate Family Rating, at B1;
  Probability of Default Rating, at B1-PD;

Rating downgraded:
  $316 million (upsized amount) senior secured term loan due 2021,

   to B2 (LGD4) from B1(LGD4);
  Speculative Grade Liquidity Rating, to SGL-3 from SGL-2
  Rating Outlook, Stable.

                          RATING RATIONALE

The affirmation of Douglas Dynamics B1 CFR reflects the competitive
benefits of the acquisition of Dejana, which mitigate the pro forma
increase in Debt/EBITDA leverage to 3.2x (incorporating Moody's
standard adjustments) due to the acquisition from 2.2x.  Douglas
Dynamics' base business of manufacturing snow and ice control
equipment for light trucks and other vehicles is highly variable as
it is subject to annual snow fall levels.  The Dejana acquisition
will further diversify Douglas Dynamics' business profile and
moderate the impact of weather on the company's performance.  The
acquisition of Henderson Enterprise Group, Inc. in December 2014
also helped diversify the company's operations into governmental
agencies such as Departments of Transportation and municipalities.
With pro forma Debt/EBITDA leverage remaining within the 2.5x-3.5x
normalized range anticipated for the rating assuming average
snowfalls, the transaction is modestly credit positive.  The
transaction should further demonstrate the company's successful
management of the business within the assigned rating over the
years supported by a flexible cost structure and an extensive
distribution network.

The downgrade of the senior secured term loan to B2 from B1
reflects its increased size and the increased utilization of the
revolver, which has a stronger collateral position than the term
loan.  The rating also incorporates expected weaker asset coverage
for the secured term loan under a default scenario.

The Speculative Grade Liquidity rating downgrade to SGL-3 from
SGL-2 reflects the reduction in cash and increased revolver usage
to support the Dejana acquisition, and our expectation of an
adequate liquidity profile over the next 12-15 months.  Moody's
expects the company will utilize substantially all of its
$48.4 million cash as of March 31, 2016, to help fund the Dejana
acquisition.  Liquidity is supported by a $100 million asset-based
revolving credit facility, and anticipated free cash flow
generation.  As of March, 31, 2016, the company had about
$98 million of availability under the revolving credit facility.
Pro forma for the acquisition, revolver availability is expected to
decline to about $63 million.  Moody's projects availability will
fall further to a $30-$40 million range as increases in inventory
in the second and third quarters to support the peak selling season
consumes cash.  Yet, over the next 12-15 months, Douglas Dynamics
is expected to generate free cash flow as a percentage of debt in
the high single digit range which should support increasing
availability under the revolver as seasonal sales pick up.  The
financial covenant under the revolving credit is a springing
minimum 1.0x fixed charge coverage ratio (FCCR) test if
availability falls below $12.5 million.  The covenant is unlikely
to be tested over the next 12-15 months, but Moody's expects the
FCCR will remain comfortably above 1.0x.  There are no term loan
financial maintenance covenants.

The stable outlook incorporates the expectation that Douglas
Dynamics' operating flexibility and more diverse business profile
will continue to drive operating performance that sustains
meaningfully positive free cash flow and debt-to-EBITDA within the
range expected for the assigned rating.

The company's small scale, weather-dependent seasonal demand, and
shareholder-friendly financial philosophy limit upward rating
momentum.  However, Moody's could consider upgrading the rating if
the company carried very little balance sheet debt and maintained a
significant liquidity cushion.  Moody's could downgrade the rating
if Moody's expects debt-to-EBITDA leverage to be sustained above 4
times, persistently negative free cash flow, or a substantive
deterioration in liquidity.

The principal methodology used in these ratings was Global
Automotive Supplier Industry published in May 2013.

Douglas Dynamics designs, manufactures, sells, and supports snow
and ice control equipment for light trucks.  Headquartered in
Milwaukee, Wisconsin, the company generated approximately $395
million of revenue for the twelve months ended March 31, 2016.


DOUGLAS DYNAMICS: S&P Affirms 'BB-' Rating on Sr. Sec. Term Loan
----------------------------------------------------------------
S&P Global Ratings affirmed its 'BB-' issue-level rating on Douglas
Dynamics Inc. subsidiary Douglas Dynamics LLC's senior secured term
loan due 2021 following the company's proposed $130 million add-on
to the facility.  The '3' recovery rating remains unchanged,
indicating S&P's expectation for meaningful recovery (50%-70%;
lower half of the range) in the event of a payment default.
Douglas Dynamics plans to use the proceeds from the proposed
add-on, together with revolver borrowings and cash on hand, to fund
its $206 million acquisition of Dejana Truck and Utility
Equipment.

All of S&P's other ratings on Douglas Dynamics Inc. are unchanged.

"We believe that Douglas' acquisition of Dejana will modestly
improves its weak business risk profile because it should enhance
the company's product diversity and moderately reduce its reliance
on weather-related demand. However, we expect that Douglas will
continue to face significant demand risk given that approximately
60% of its consolidated revenue is highly dependent on snowfall
levels.  We continue to expect the company's strong position in the
niche snow and ice control market, its limited customer
concentration, and its highly flexible cost structure to partly
offset these risks.  Incorporating the Dejana acquisition, we still
expect Douglas to maintain EBITDA margins in the low-20% range
given its solid market share in the snow and ice control industry,
which should allow it to command a good price for its products
despite the variability in weather patterns," S&P said.

Under S&P's updated base-case forecast, it expects the company's
pro forma adjusted debt-to-EBITDA metric to be in the high-3x area
as of the end of 2016, which is higher than S&P's previous forecast
of between 2.5x and 3.0x.  While S&P expects that Douglas will
generate good profitability while gradually reducing its leverage
through earnings growth over the next 12-18 months, there is a
limited cushion under our 4x leverage threshold -- the level at
which S&P would lower its corporate credit rating on the company --
for additional debt financed acquisitions over the next year.

RECOVERY ANALYSIS

Key Analytical Factors

   -- S&P affirmed its 'BB-' issue-level rating on Douglas' senior

      secured term loan due 2021 following the company's proposed
      $130 million add-on to the facility.

   -- S&P's simulated default scenario assumes a significant
      decline in the company's revenue and profits following
      several consecutive years of weak snowfall.  This would
      depress the company's free cash flow generation and
      ultimately erode its liquidity reserves.

   -- S&P has valued the company on a going-concern basis using a
      5x multiple to derive S&P's emergence enterprise value.

   -- S&P's recovery analysis assumes that in a simulated default
      scenario, after satisfying any unpaid priority
      administrative expenses, the senior secured term loan
      lenders' recoveries will be at the lower end of the 50%-70%
      range.

Simulated default and valuation assumptions:
   -- Simulated year of default: 2020
   -- EBITDA at emergence: $45 million
   -- EBITDA multiple: 5x
   -- Asset-based lending (ABL) facility is 60% drawn at default.

Simplified waterfall:
   -- Net enterprise value (after 3% admin. costs): $218 million
   -- Valuation split (obligors/nonobligors): 100%/0%
   -- Value available to senior secured claims: $218 million
   -- Secured first-lien debt claims (including ABL claims):
      $380 million
   -- Recovery expectations: 50%-70% (lower half of the range)

Note: All amounts include six months of prepetition interest.

RATINGS LIST

Douglas Dynamics Inc.
Corporate Credit Rating                BB-/Stable/--

Ratings Affirmed

Douglas Dynamics LLC
Sr Secured Trm Ln Due 2021             BB-
  Recovery Rating                       3L


ENERGY FUTURE: Court Approves $55-Mil. Severance Pay Cap
--------------------------------------------------------
BankruptcyData.com reported that the U.S. Bankruptcy Court issued
an order approving Energy Future Holdings' motion for entry of a
second order approving an increase in the limit on the Debtors'
authority to pay non-insider severance to total an amount not to
exceed $55 million in the aggregate.  In light of the continued
depression in the energy industry, causing increased economic
pressures on the Debtors' businesses, the Debtors sought an
additional $20 million increase in the Non-Insider Severance Cap,
which would provide Debtors the authority to honor up to $55
million in postpetition obligations in the aggregate, to
non-insiders under the Severance Program.  

This is the second time the Debtors sought an enlargement of the
Cap.  The Debtors previously sought and obtained approval to raise
the Cap from $15 million to $35 million.  To date, the Debtors have
honored approximately $29.7 million -- of the $35 million available
under the existing Non-Insider Severance Cap -- in postpetition
obligations to non-insiders under the Severance Program.  

According to the report, primarily due to the challenging current
market and business climate, as well as the changes in the chapter
11 cases, the Debtors sought authority to honor up to $55 million
in postpetition obligations to non-insiders under the Severance
Program in the aggregate -- an increase of $20 million from the
existing Non-Insider Severance Cap.

                     About Energy Future

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

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

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

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

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


ENERGY FUTURE: Wants Removal Period Extended by 6 Months
--------------------------------------------------------
Energy Future Holdings Corp., et al., ask the Bankruptcy Court for
the District of Delaware to further extend the time within which
they may remove certain actions, specifically as follows:

     (a) Prepetition Actions by 180 days through and
         including January 17, 2017 (the "Removal
         Date"); or

     (b) Postpetition Actions to the later of (i) the Removal
         Date and (ii) the time periods set forth in Bankruptcy
         Rule 9027(a)(3), in each case, without prejudice to the
         Debtors' right to seek further extensions.

The period within which the Debtors may file notices to remove the
actions is scheduled to expire on July 21, 2016.

The Debtors believe the extension requested will provide them with
the necessary opportunity to make fully informed decisions
concerning the removal of the Actions and will ensure that the
Debtors' rights provided by 28 U.S.C. Section 1452 can be exercised
in an appropriate manner.

                     About Energy Future

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

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

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

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

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

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

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

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

Wilmington Savings Fund Society, FSB, the successor trustee for the
second-lien noteholders owed about $1.6 billion, is represented by
Ashby & Geddes, P.A.'s William P. Bowden, Esq., and Gregory A.
Taylor, Esq., and Brown Rudnick LLP's Edward S. Weisfelner, Esq.,
Jeffrey L. Jonas, Esq., Andrew P. Strehle, Esq., Jeremy B. Coffey,
Esq., and Howard L. Siegel, Esq. An Official Committee of Unsecured
Creditors has been appointed in the case. The Committee represents
the interests of the unsecured creditors of only of Energy Future
Competitive Holdings Company LLC; EFCH's direct subsidiary, Texas
Competitive Electric Holdings Company LLC; and EFH Corporate
Services Company, and of no other debtors. The Committee has
selected Morrison & Foerster LLP and Polsinelli PC for
representation in this high-profile energy restructuring. The
lawyers working on the case are James M. Peck, Esq., Brett H.
Miller, Esq., and Lorenzo Marinuzzi, Esq., at Morrison & Foerster
LLP; and Christopher A. Ward, Esq., Justin K. Edelson, Esq., Shanti
M. Katona, Esq., and Edward Fox, Esq., at Polsinelli PC.

                            *     *     *

In December 2015, the Bankruptcy Court confirmed the Debtors' Sixth
Amended Joint Plan of Reorganization.  In May 2016, certain first
lien creditors of TCEH delivered a Plan Support Termination Notice
to the Debtors and the other parties to the Plan Support Agreement,
notifying the parties of the occurrence of a Plan Support
Termination Event. The delivery of the Plan Support Termination
Notice caused the Confirmed Plan to become null and void.

Following the occurrence of the Plan Support Termination Event as
well as the termination of a roughly $20 billion deal to sell the
Debtors' stake in Oncor Electric Delivery Co., the Debtors filed
the Plan of Reorganization and the Disclosure Statement with the
Bankruptcy Court on May 1, 2016. On May 11, they filed an amended
joint plan of reorganization and a related disclosure statement.

A copy of the Amended Plan is available at https://is.gd/Gl6Hmu

A copy of the Disclosure Statement is available at
https://is.gd/8pDwBx


ESSAR STEEL: Seeks Court Approval of KPS Asset Purchase Agreement
-----------------------------------------------------------------
Essar Steel Algoma Inc. filed a motion on June 17, 2016 for Court
approval of an Asset Purchase Agreement with a consortium of
bidders formed by KPS Capital Partners, LP and the Company's
prepetition term lenders.  The bid was selected in accordance with
the court approved Sale and Investment Solicitation Process
("SISP"), after consultation with the Company's financial advisors
and the Chief Restructuring Advisor, and with the approval of the
Monitor, who is appointed by the court to supervise the process.

The Asset Purchase Agreement, along with all related court
documents can be viewed on the Monitor's Web site at
http://www.ey.com/ca/essaralgoma

                        About Essar Steel

Headquartered in Sault Ste. Marie, Ontario, Canada, ESA is an
integrated steel producer.  Approximately 80% to 85% of ESA's sales
are sheet products with plate products accounting for the balance.

For the 12 months ending December 31, 2013, ESA generated revenues
of C$1.8 billion.

Robert J. Sandoval filed a petition under Chapter 15 of the U.S.
Bankruptcy Code for Essar Steel Algoma Inc., and its debtor
affiliates on July 16, 2014, following the companies' initiation of
a reorganization under Canada's Companies' Creditors Arrangement
Act.  The lead case is Essar Steel Algoma Inc., Case No. 14-11730
(D. Del.).  Essar Steel operates one of Canada's largest integrated
steel manufacturing facilities.  The Chapter 15 case is assigned to
Judge Brendan Linehan Shannon.  The Chapter 15 Petitioner's Counsel
is Daniel J. DeFranceschi, Esq., and Amanda R. Steele, Esq., at
Richards, Layton & Finger, P.A., in Wilmington, Delaware.


FANNIE MAE & FREDDIE MAC: Updated Third Amendment Litigation Chart
------------------------------------------------------------------
At http://bankrupt.com/gselitigation201606.pdfTroubled Company
Reporter and Class Action Reporter editors have posted a chart,
updated on June 27, 2016, organizing information about the dozens
of lawsuits complaining about how the Department of the Treasury
and the Federal Housing Finance Administration are handling Fannie
Mae and Freddie Mac's conservatorship proceedings.  Unaltered, this
chart may be freely shared with anyone for any purpose,
notwithstanding that it is copyrighted by Bankruptcy Creditors'
Service, Inc., and Beard Group, Inc., and all rights are reserved
by the publishers.  For additional information, contact Peter A.
Chapman at peter@beardgroup.com by e-mail or (215) 945-7000 by
telephone.

Voacola v. Fannie Mae, et al., Case No. 16-cv-01324 (D.D.C.), was
filed this week.  The shareholder in that case alleges the
government simply lied when explained the conservatorship process
and proceedings.  And those lies, Mr. Voacola says, misled him when
he purchased common stock in Fannie Mae in 2009.  Mr. Voacola says
the government has earned an adequate rate of return on its
investment and it's time for future profits to be turned over to
shareholders.  

The D.C. Circuit should be publishing its ruling in Perry v. Lew,
No. 14-5243 (D.C. Cir.), this year.  We predict the D.C. Circuit
will remand the four consolidated cases to Judge Lamberth with
instructions to reconsider his decision after receiving a full
administrative record, with minimal, if any, guidance about how to
interpret section 4617(f) of HERA, which the government says
prohibits shareholder lawsuits, and HERA's succession provision in
section 4617(b)(2)(A)(i).

The D.C. Circuit asked the parties to discuss what, if any, effect
section 4623(d) of HERA, limiting judicial review of FHFA's capital
classification decisions, and, presumably, whether the Third
Amendment should be viewed as a capital classification change.
Those briefs have been submitted.  Attentive GSE litigation
followers will recall -- see http://goo.gl/MzpAUH-- that Director
Lockhart suspended capital classifications and capital requirements
in Oct. 2008 while the GSEs are in conservatorship.

Assuming our prediction is correct and Perry v. Lew is remanded to
Judge Lamberth, what happens next is a question we've been
pondering.  We thought Judge Lamberth was an ideologue and that's
what drove his decision to dismiss the cases challenging the Third
Amendment that were before him.  But now we see that the record
before him was so incomplete that maybe his ruling made sense.  Our
current thinking revolves around what happens if Judge Lamberth
perceives that the government deceived him the first time around?
If any readers have any thoughts about this, let us know.

In In re: Third Amendment Litigation, MDL No. 2713 (J.P.M.D.L.),
the FHFA has asked the Judicial Panel on Multidistrict Litigation
to transfer and consolidate all present and future lawsuits
complaining about the Net Worth Sweep in the U.S. District Court
for the District of Columbia, with the unstated but obvious goal of
having Judge Lamberth dismiss them all.  The MDL Panel denied the
FHFA's transfer and consolidation pitch.  

The FHFA has moved to substitute itself for the GSE shareholders in
Edwards v. Deloitte, Case No. 16-cv-21221 (S.D. Fla.), and the
Edwards Plaintiffs will likely respond to that motion on Aug. 1,
2016.  The court hasn't reactivated a similar audit liability case
against PricewaterhouseCoopers.  

In the Court of Federal Claims the world awaits Judge Sweeney's
rulings on Fairholme's Motion to Compel.  Fairholme is asking Judge
Sweeney to review a 100-document sample and rule that the
deliberative process, bank examination and presidential
communication privileges the government's asserted don't hold
water.

Judge Sleet in Delaware has been notified that the MDL Panel denied
FHFA's transfer and consolidation request.  Perhaps he's on
vacation, asleep, or tied up with something else.  We don't know.
We anticipate he'll get Jacobs v. FHFA, Case No. 15-708 (D. Del.),
and Pagliara v. Fannie Mae, Case No. 16-193 (D. Del.) back on track
soon.  

A hearing is scheduled for Aug. 4, 2016, in Pagliara v. Freddie
Mac, Case No. 16-cv-00337 (E.D. Va.), to consider if Mr. Pagliara's
books and records action will survive the government's motion to
dismiss.  That hearing will be held in Alexandria, Va.

A hearing is scheduled for July 14, 2016, in Robinson v. FHFA, Case
No. 15-cv-00109 (E.D. Ky.), in Covington, Ky.  We anticipate
spirited debate and maybe some fireworks.  Like many GSE
shareholders, the speculator label the government so giddily tosses
about doesn't apply to Ms. Robinson.  She acquired GSE shares in
the course of her career as a bank employee, relying on public
disclosures by the GSEs and government agencies.  

In Chicago, Judge Chang wants briefing on the government's motions
to dismiss Roberts v. FHFA, Case No. 16-cv-02107 (N.D. Ill.),
wrapped up by Sept. 14, 2016, and is scheduled to hold a status
hearing in that case on Nov. 1, 2016.


FANNIE MAE: New Lawsuit Challenging Third Amendment in D.D.C.
-------------------------------------------------------------
David J. Voacolo, a resident of Hamilton, N.J., owns 50,000 shares
of common stock in Fannie Mae.  Mr. Voacolo bought his shares in
Aug. 2009.  He claims the government misled him and he's entitled
to $2.5 million in monetary relief.  These charges are levied in a
lawsuit, Voacolo v. Fannie Mae, et al., Case No. 16-cv-01324 (D.
D.C.), filed on Sun., June 26, 2016.  FHFA and Treasury are named
as co-defendants in the lawsuit.  

Mr. Voacolo says the government said Fannie Mae's conservatorship
would end once Fannie Mae was deemed solvent, but lied.  Instead,
when Fannie Mae returned to profitability in 2012, FHFA and
Treasury implemented and perpetuated an illegal scheme to suck up
100% of the GSE's profits in perpetuity.  That scheme is referred
to as the Third Amendment or Net Worth Sweep and is the subject of
more than twenty lawsuits challenging its propriety.  

Mr. Voacolo is proceeding under the Administrative Procedures Act
and alleges an illegal exaction under the Fifth Amendment to the
U.S. Constitution.  Based on what the government said following his
purchase of Fannie Mae stock, Mr. Voacolo alleges that the
government has earned a sufficient return on its investment and
Fannie Mae's future profits should flow to common shareholders.

This lawsuit is not a surprise to the government.  The Federal
Housing Finance Agency attached a letter from Mr. Voacolo's lawyers
at Brus Chambers LLC dated Jan. 14, 2016, addressed to Fannie Mae,
as Exhibit 1 to its Transfer Motion initiating In re Third
Amendment Litigation, MDL No. 2713 (J.P.M.D.L.), on Mar. 15, 2016.
Mr. Voacolo says he's never heard a word from anybody in response
to that letter.  As previously reported, FHFA's transfer and
consolidation request was denied by the MDL panel.

Mr. Voacolo is represented by:

     Alexander J. E. English, Esq.
     9980 Guilford Rd., No. 102
     Jessup, MD 20794
     Telephone: (301) 466-4024
     E-mail: alexander.j.e.english@gmail.com

          - and -

      Afia SenGupta, Esq.
      Angela Lipsman, Esq.
      Brus Chambers LLC
      1325 Avenue of Americas, 27th Fl.
      New York, NY 10019
      Telephone: (202) 714-6855
      E-mail: afia.sengupta@bruschambers.us
              bruschambers.ang@gmail.com


FILMED ENTERTAINMENT: Plan Solicitation Period Extended to July 6
-----------------------------------------------------------------
The Hon. Shelley C. Chapman of the U.S. Bankruptcy Court for the
Southern District of New York has extended, at the behest of Filmed
Entertainment Inc., the exclusive period for the Debtor to solicit
acceptance of the Chapter 11 plan by 30 days, through and including
July 6, 2016.  

As reported by the Troubled Company Reporter on June 8, 2016, the
Debtor has worked closely with its secured creditor and the
Official Committee of Unsecured Creditors, the two largest
creditors in this Chapter 11 case.  Prior to filing, the Debtor
circulated numerous drafts of the Disclosure Statement and Plan to
the Committee and the Secured Creditor, incorporating many of their
comments into the Plan and Disclosure Statement.  The Debtor
remains engaged in extensive discussions with the Committee and the
Secured Creditor regarding key provisions of the Plan and the
liquidation trust agreement.  In light of the adjournment of the
voting deadline and confirmation hearing, the Debtor requires
additionally time to resolve any objections that may be raised to
the Plan.  The Debtor has resolved a number of claims, including a
successful resolution of the Pension Benefit Guaranty Corporation's
lien and alleged secured claim.

                  About Filmed Entertainment Inc.

Filmed Entertainment Inc. owned and operated the "Columbia House
DVD Club," a direct-to-customer distributor of movies and
television series in the United States.  FEI conducts its business
through physical catalogues and through the --
http://www.columbiahouse.com/Web site.  FEI was historically    
active in the musical compact disc business, but exited the music
business in 2010.  Founded in 1955 as a division of CBS Inc. to
sell vinyl records and cassette tapes, FEI is a unit of Pride Tree
Holdings, Inc., which acquired FEI in December 2012.

On Aug. 10, 2015 FEI filed a voluntary petition for relief under
Chapter 11 of the United States Bankruptcy Code (Bankr. S.D.N.Y.
Case No. 15-12244) in Manhattan, New York.  The case is pending
before the Honorable Shelley C. Chapman.

The Debtor tapped Griffin Hamersky P.C. as counsel and Prime Clerk
LLC as claims and noticing agent.

The Debtor estimated assets of $1 million to $10 million and debt
of $50 million to $100 million.

The U.S. Trustee for Region 2 appointed five creditors of Filmed
Entertainment to serve on the official committee of unsecured
creditors.  The Committee is represented by Lowenstein Sandler LLP.


FIRST DATA: Viking Global No Longer a Shareholder as of June 23
---------------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, Viking Global Investors LP, et al., disclosed that as
of June 23, 2016, they have ceased to beneficially own shares of
common stock of First Data Corporation.  A full-text copy of the
regulatory filing is available at https://is.gd/qas451
                  
                       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.


FLEETCOR TECHNOLOGIES: Moody's Raises CFR to Ba2, Outlook Stable
----------------------------------------------------------------
Moody's Investors Service upgraded FleetCor Technologies Operating
Company LLC's corporate family and probability of default ratings
to Ba2 from Ba3 and Ba2-PD from Ba3-PD, respectively.  Moody's also
upgraded the ratings on the senior secured credit facilities to Ba2
from Ba3 and the speculative grade liquidity rating to
SGL-1 from SGL-2.  The rating outlook is stable.

                         RATINGS RATIONALE

The upgrade reflects Moody's expectation of continued strong
operating performance from FleetCor and steady de-leveraging after
the debt funded acquisition of Comdata Inc. for $3.45 billion in
November 2014.  FleetCor has reduced leverage to 3.5x adjusted debt
to EBITDA at March 31, 2016, from 5.4x at Dec. 31, 2014. Although
FleetCor announced plans in March 2016 to acquire the Brazilian
electric toll payments company, Serviços e Tecnologia de
Pagamentos S.A., for about $1.1 billion using cash and borrowings
under its existing credit facility, Moody's expects that adjusted
debt to EBITDA will return back to the mid 3x level (from about 4x)
within one year following the close, which is expected to occur in
the third quarter of 2016 subject to regulatory approvals.  Similar
to what transpired after the Comdata purchase, the improvement in
leverage will be driven by a combination of debt repayment and
rapid EBITDA growth, which Moody's projects will increase by at
least high single digits organically.

The Ba2 rating reflects FleetCor's recurring transaction-based
revenue streams and focus on the more profitable small-and-medium
enterprise market, which leads to high profitability (e.g.
operating margins in the low 40% range) and substantial cash flow
generation (e.g., more than $700 million of projected annual free
cash flow).  FleetCor continues to enhance its scale as a leading
global provider of fuel cards and expand its offerings to include
other payment products and services.  The revenue base is supported
by long-term relationships with the company's largest fleet
customers and merchant partners such as the major oil companies and
petroleum marketers.

The ratings also incorporate Moody's view that FleetCor will
continue to invest in debt-funded acquisitions over the long-term
to protect its strong market position while boosting top line
growth.  The sizable M&A activity will create some volatility with
leverage, which Moody's anticipates will rise and fall but remain
in the mid 3x range within two years following an acquisition, as
debt raised to fund these purchases is repaid using FleetCor's
consistently strong free cash flow.

The stable outlook reflects Moody's expectation that FleetCor will
generate at least mid-to-high single digit annual revenue growth,
on a constant currency basis, and free cash flow of more than $700
million over the next year.  Operating performance will be
supported by a modest increase in trucking miles consistent with
Moody's projected U.S.  GDP growth of low single digits in 2016 and
2017, the ongoing shift to payment cards from cash and checks, and
international expansion.

The Ba2 CFR could be upgraded if adjusted debt to EBITDA falls to,
and is sustained in, the low 3 times range, market share increases
through organic revenue growth, and profit margins are maintained.
The ratings could be downgraded with declines in revenue and
profits, increased customer or merchant partner churn, poor
execution, or heightened competition.  In addition, negative rating
pressure could arise from higher financial leverage (in excess of
4.5x on a Moody's adjusted basis) for an extended period of time.

Ratings Upgraded:

Issuer: FleetCor Technologies Operating Company

  Corporate Family Rating, Ba2 from Ba3
  Probability of Default Rating, Ba2-PD from Ba3-PD
  Senior Secured Bank Credit Facilities, Ba2 (LGD3) from Ba3
   (LGD3)
  Speculative Grade Liquidity Rating, SGL-1 from SGL-2

FleetCor, with projected annual revenues nearing $2 billion, is a
leading global provider of fuel cards and workforce payment
solutions.

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


FORTESCUE METALS: Bank Debt Trades at 5% Off
--------------------------------------------
Participations in a syndicated loan under which Fortescue Metals
Group Ltd is a borrower traded in the secondary market at 94.68
cents-on-the-dollar during the week ended Friday, June 24, 2016,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents an increase of 2.23 percentage points from the
previous week.  Fortescue Metals pays 275 basis points above LIBOR
to borrow under the $4.95 billion facility. The bank loan matures
on June 13, 2019 and carries Moody's Ba2 rating and Standard &
Poor's BB+ rating.  The loan is one of the biggest gainers and
losers among 247 widely quoted syndicated loans with five or more
bids in secondary trading for the week ended June 24.


GATES GROUP: Bank Debt Trades at 5% Off
---------------------------------------
Participations in a syndicated loan under which Gates Group is a
borrower traded in the secondary market at 94.95
cents-on-the-dollar during the week ended Friday, June 24, 2016,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents a decrease of 0.72 percentage points from the
previous week.  Gates Group pays 325 basis points above LIBOR to
borrow under the $2.49 billion facility. The bank loan matures on
June 18, 2021 and carries Moody's B2 rating and Standard & Poor's
B+ rating.  The loan is one of the biggest gainers and losers among
247 widely quoted syndicated loans with five or more bids in
secondary trading for the week ended June 24.


GAWKER MEDIA: U.S. Trustee Forms 3-Member Committee
---------------------------------------------------
The U.S. trustee for Region 2 on June 24 appointed three creditors
of Gawker Media LLC and its affiliates to serve on the official
committee of unsecured creditors.

The committee members are:

     (1) Terry Gene Bollea
         Eric B. Fisher, Esq.
         %Binder & Schwartz, LLP
         28 West 44th Street, Suite #700
         New York, NY 10036

     (2) Shiva Ayyadurai
         Belmont, MA 02478

     (3) Ashley A. Terrill
         Jupiter, Fl. 33477

Tiffany Kary, writing for Bloomberg News, noted that Terry Gene
Bollea is Hulk Hogan, whose invasion-of-privacy lawsuit drove
Gawker Media LLC into bankruptcy.

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 Gawker Media

Founded in 2002 by Nick Denton, Gawker Media is privately held
online media company operating seven distinct media brands with
corresponding websites under the names Gawker, Deadspin,
Lifehacker, Gizmodo, Kotaku, Jalopnik, and Jezebel.  The Company's
various Websites cover, among other things, news and commentary on
current events, politics, pop culture, sports, cars, fashion,
productivity, technology and video games.

Gawker sought bankruptcy protection after being ordered to pay
$140.1 million in connection with an invasion of privacy lawsuit
arising from publication of a report and commentary and
accompanying sex video involving Terry Gene Bollea.

New York-based Gawker Media, LLC -- fdba Gawker Sales, LLC, Gawker
Entertainment, LLC, Gawker Technology, LLC and Blogwire, Inc. --
filed a Chapter 11 bankruptcy petition (Bankr. S.D.N.Y. Case No.
16-11700) on June 10, 2016.  The Hon. Stuart M. Bernstein presides
over the Debtors' cases.

Affiliates Gawker Media Group, Inc. and Budapest, Hungary-based
Kinja, Kft. filed separate Chapter 11 petitions (Bankr. S.D.N.Y.
Case Nos. 16-11719 and 16-11718) on June 12, 2016.

The cases are jointly administered.

Gregg M. Galardi, Esq., David B. Hennes, Esq. and Michael S.
Winograd, Esq., at Ropes & Gray LLP serve as counsel to the
Debtors.  William Holden at Opportune LLP serves as Gawkers' chief
restructuring officer.  Houlihan Lokey Capital, Inc. serves as the
Debtors' investment banker.  Prime Clerk LLC serves as claims,
balloting and administrative agent.  

Houlihan Lokey was retained by the Debtors on May 16, 2016, to
explore the possibility of a sale of all or substantially all of
the Debtors' assets, with the goal of maximizing return to the
Debtors' estates in the event of a possible chapter 11 filing.

The Debtors estimated $50 million to $100 million in assets and
$100 million to $500 million in liabilities.


GENESYS RESEARCH: Court Upholds Steward Health Settlement Approval
------------------------------------------------------------------
In the case captioned In re: GENESYS RESEARCH INSTITUTE, INC.,
Debtor, Case No. 15-12794-JNF (Bankr. D. Mass.), Judge Joan N.
Feeney of the United States Bankruptcy Court for the District of
Massachusetts entered an order:

          (1) denying Philip Hahnfeldt's emergency motion for
              reconsideration of 1) the order approving
              settlement agreement and 2) the order authorizing
              disposition of biological samples and sale of
              equipment;

          (2) granting the Application to Employ Licensed Site     
     
              Professional filed by Chapter 11 Trustee, Harold B.
              Murphy, of Genesys Research Institute, Inc.;

          (3) overruling the Objection to Application to Employ
              Licensed Site Professional and denying the Cross
              Motion for Reconsideration or Stay filed by Dr.
              Lynn Hlatky; and

          (4) overruling Clare Lamont's Objection to the
              Application to Employ Licensed Site Professional.

The settlement resolved all outstanding claims among Genesys and
both Steward Health Care System LLC and its affiliate, Steward St.
Elizabeth's Medical Center of Boston, Inc., and required the Debtor
to vacate St. Elizabeth's Hospital's premises in exchange for
$750,000.

A full-text copy of Judge Feeney's June 24, 2016 order is available
at http://bankrupt.com/misc/mab15-12794-443.pdf

                    About Genesys Research

GeneSys Research Institute, Inc. filed a Chapter 11 bankruptcy
petition (Bankr. D. Mass Case No. 15-12794) on July 14, 2015.  The
petition was signed by Robert Stemple, clerk and treasurer.  Parker
& Associates serves as the Debtor's counsel.  The Debtor estimated
assets of $10 million to $50 million and liabilities of at least $1
million.  The case is assigned to Judge Joan N. Feeney.


GLYECO INC: Completes Acquisition of Brian's On-Site Recycling
--------------------------------------------------------------
A leader in sustainable glycol technologies, GlyEco, Inc. announced
that it has completed the acquisition of Brian's On-Site Recycling,
Inc., based in Tampa, Florida.

Brian's On-Site Recycling was established in 1998 by Brian Fidalgo
after working in the automotive industry for over 30 years.  Mr.
Fidalgo felt a need for specialty services, so he took his many
years of experience in the automotive industry, combined it with a
drive for customer service and product excellence, and created his
own company.  Brian's On-Site Recycling services auto mechanic
shops, dealerships, and individuals in Tampa and the surrounding
areas.

"The acquisition of Brian's On-Site Recycling allows us to further
grow our market share in the State of Florida and increases our
specialty products and services offerings," stated Grant Sahag, the
Company's chief executive officer and president.  "We're confident
that Brian Fidalgo II, who will continue as the Managing Partner of
our Florida processing center, will grow the Company's business
with the creativity and determination that he's displayed over the
several years our two companies have been working together."

"I am excited to join the GlyEco team and to continue to provide
the high-quality products and customer service that Brian's On-Site
Recycling's customers have received from the Fidalgo family for
almost a century," stated Mr. Fidalgo.  "We are excited to rollout
GlyEco's trusted products and service to Brian's On-Site
Recycling's customers and beyond.  As GlyEco, we will continue our
dedication to being the very best in the glycol recycling and
distribution business."

Pursuant to the Asset Purchase Agreement, GlyEco Acquisition Corp.
#3, a wholly owned subsidiary of GlyEco, Inc., purchased BOSR's
business and substantially all of its assets, free and clear of any
liabilities or encumbrances, in consideration for an aggregate
purchase price of $200,000.  Further pursuant to the Asset Purchase
Agreement, $100,000 of the purchase price was paid in cash upon the
closing of the transaction, while the remaining $100,000 of the
purchase price will be held in escrow and released upon achieving
certain revenue targets related to the customer accounts acquired
from BOSR.

The Managing Partner of the Company's Florida processing center,
who joined the Company in December 2015, also managed the business
of BOSR.

                         About GlyEco, Inc.

Phoenix, Ariz.-based GlyEco, Inc., is a green chemistry company
formed to roll-out its proprietary and patent pending glycol
recycling technology that transforms waste glycols, a hazardous
material, into profitable green products.

GlyEco reported a net loss available to common shareholders of
$12.5 million on $7.36 million of net sales for the year ended Dec.
31, 2015, compared to a net loss available to common shareholders
of $8.73 million on $5.89 million of net
sales for the year ended Dec. 31, 2014.

As of March 31, 2016, GlyeCo had $7.28 million in total assets,
$1.69 million in total liabilities and $5.58 million int total
stockholders' equity.

KMJ Corbin & Company LLP, in Costa Mesa, California, issued a
"going concern" opinion in its report on the consolidated financial
statements for the year ended Dec. 31, 2015, citing that
the Company has had recurring losses from operations, has negative
operating cash flows during the year ended Dec. 31, 2015, and has
an accumulated deficit of $34,550,503 as of Dec. 31, 2015.  These
factors raise substantial doubt about the Company's ability to
continue as a going concern.


GO YE VILLAGE: Wants Plan Filing Deadline Moved to Sept. 26
-----------------------------------------------------------
Go Ye Village, Inc., asks the U.S. Bankruptcy Court for the Eastern
District of Oklahoma to extend the exclusivity periods by 90 days
each or until Sept. 26, 2016, to file a Plan and until Nov. 25,
2016, to obtain acceptances of the Plan.

On March 21, 2016, the Court extended the Debtor's exclusive time
for filing Chapter 11 Plan of Reorganization until June 28, 2016,
and the Debtor's exclusive time for soliciting acceptance of the
Plan until Aug. 27, 2016.

Immediately after the Petition Date, the Debtor's Board of
Directors replaced existing management and retained a Chief
Restructuring Officer, Steve Thomas.  Subsequently, the CRO
retained Mr, Jerry Unruh to be the interim administrator.

As of the Petition Date, the Debtor's accounting records were
largely manually kept, partially in disarray and incomplete.  The
financial records were only partially electronically stored and
much of the information was relegated to paper files which were not
particularly well organized.  The CRO and IA have been overhauling
the accounting system to provide more accurate and useful financial
information which will be necessary in the formulation of a Plan.

The CRO has formed an Unofficial Restructuring Committee consisting
of business leaders, financial experts and other individuals with
substantial expertise in financial matters at large and with the
operations and background of this Debtor in particular, a member of
the OCUC is a member of the Unofficial Restructuring Committee.
The Restructuring Committee is working with the CRO to formulate a
financial plan for the Debtor and substantial progress has been
made.  Additional time is required for their work.  The Debtor is
having its property appraised for use in obtaining financing for a
plan as well as for use in resolving BOK's claim, and additional
time is needed for the appraisal to be completed.

The creditor holding the largest claim in the case is Banlc of
Oklahoma, Trustee.  The claim of BOK relates to a 1985 bond
financing.  The bond debt has undergone substantial changes over
the years including a forbearance agreement, bond redemptions,
waivers of interest, and other transactions which BOK and the
Debtor are analyzing to determine the amount of the BOK claim.
Resolution of the BOK claim will take additional time and is
necessary for formulation of a Plan.  Both BOK and the Debtor are
having BOK's collateral appraised and additional time is required
for completion of the appraisals.

After the Petition Date, Debtor's management shifted the basis for
operations of the Company from a life care system to a pay for
services model which will materially and favorably impact the
Debtor's financial resources.

These changes largely do not affect existing residents but the
future impact on the Debtor's finances will be substantial, Debtor
is also malting preparations to add a memory care unit which will
have a material effect on future finances and operations.  The
Debtor continues to implement other operational efficiencies which
will impact the formulation of a plan.  The Debtor requires
additional time to analyze the likely effect of these changes.

The Debtor is current on all post-Petition bills and is otherwise
in compliance with all applicable bankruptcy requirements.

The Debtor's Counsel can be reached at:

     Sam G. Bratton II, Esq.
     David H. Herroid, Esq.
     J. Patrick Mensching, Esq.
     DOERNER, SAUNDERS, DANIEL & ANDERSON, L.L.P.
     Two West Second Street, Suite 700
     Tulsa, Oklahoma 74103
     Tel: (918) 582-1211
     Fax: (918) 591-5360
     E-mail: sbratton@dsda.com
             dherrold@dsda.com
             pmensching@dsda.com

                     About Go Ye Village

Go Ye Village, Inc., filed a Chapter 11 bankruptcy petition (Bankr.
E.D. Okla Case No. 15-81287) on Nov. 30, 2015.  The petition was
signed by Maurice D. Turney as president.  The Debtor disclosed
total assets of $24.48 million and total debts of $36.18 million.
Doerner, Saunders, Daniel & Anderson, LLP, serves as the Debtor's
counsel.  Judge Tom R. Cornish is assigned to the case.

The U.S. Trustee also appointed a patient care ombudsman in the
Debtors' bankruptcy case.


GRANT ROGERS: Court Denies Approval of Disclosure Statement
-----------------------------------------------------------
In the case captioned In the matter of: GRANT ROBERT ROGERS, and
ALLISEN NICOLE ROGERS; Debtors, Chapter 11 Case Number 14-40219-EJC
(Bankr. S.D. Ga.), Judge Edward J. Coleman, III, of the United
States Bankruptcy Court for the Southern District of Georgia denied
approval of the Disclosure Statement filed by the individual
Chapter 11 debtors.

Judge Coleman found that the Debtors'  proposed Amended Plan of
Reorganization violates the absolute priority rule because it
allowed the debtors to retain their non-exempt, pre-petition
property without paying unsecured creditors in full.  Accordingly,
the judge held that the debtors' plan is not confirmable.  The
judge also denied approval of the disclosure statement, although
the debtors may amend their disclosure statement and plan in an
effort to meet the "new value" exception, or otherwise satisfy the
absolute priority rule.

A full-text copy of Judge Coleman's June 24, 2016, opinion is
available at http://bankrupt.com/misc/gasb14-40219-204.pdf



HAGGEN HOLDINGS: Exclusive Plan Filing Deadline Moved to Aug. 5
---------------------------------------------------------------
The Hon. Kevin Gross of the U.S. Bankruptcy Court for the District
of Delaware has extended, at the behest of Haggen Holdings, LLC, et
al., the exclusive period for the Debtor to file a plan of
reorganization by 60 days, through and including Aug. 5, 2016, and
the exclusive period for the Debtors to solicit acceptance of the
plan by 60 days, through and including Oct. 3, 2016.

As reported by the Troubled Company Reporter on June 8, 2016, the
Debtors tell the Court that accomplishing these tasks has been a
labor intensive process, fully occupying the Debtors'
representatives and professionals: (i) obtaining entry of an order
approving the sale of the majority of the Debtors' core stores and
related assets to Albertson's, who will continue to operate stores
as a going concern, (ii) working to effectuate that sale, including
entering into amendments to the asset purchase agreement governing
the Core Stores Sale in order allow the Debtors to capitalize on
certain additional assets that were not included in, and to clarify
certain terms of, the agreement, with the initial closing occurring
on June 2 and the final closing scheduled to occur later this
month; (iii) conducting additional GOB Sales, miscellaneous asset
sales, and Pharmacy Sales with respect to the Debtors' stores that
had not already been liquidated or sold; (iv) working with
Albertson's to identify hundreds of executory contracts to be
assumed and assigned to Albertson's in connection with the Core
Stores Sale; (v) negotiating and obtaining approval of replacement
debtor in possession financing, which was approved by the Court on
March 30, 2016; (vi) continuing to work with various lease and
contract counterparties to resolve cure objections adjourned in
connection with Non-Core Stores Sale as well as commenced resolving
those related to the Core Stores Sale; (vii) entering into an
agreement with Spirit SPE HG 2015-1, LLC, landlord for several of
the Debtor's store locations prior to the Core Stores Sale, and
Albertson's to reach full and final settlements relating to the
disputes among parties with respect to the Spirit leases; and
(xiii) entering into, and obtained court approval for, additional
amendments to the Debtors' post-petition credit agreement.  In
light of these circumstances, including, without limitation,
effectuating the Core Stores Sale, the Debtors said that the
requested extensions are both appropriate and necessary to afford
the Debtors with sufficient time to adequately prepare a viable
Chapter 11 plan and related disclosure statement.

                About Haggen Holdings

Headquartered in Bellingham, Washington, Haggen was founded in 1933
as a single grocery store.  From 1933 to 2014, Haggen grew into a
30 store family-run grocery chain, with stores located in the
northwestern United States.  From 2011 to 2014, Haggen reduced its
store base to 18, including a stand-alone pharmacy location.

Haggen rapidly expanded in 2014 and 2015, and, as of the Petition
Date, Haggen owned and operated 164 stores through three operating
companies: Haggen, Inc., Haggen Opco North, LLC and Haggen Opco
South, LLC.

Haggen Holdings, LLC, and its affiliates filed Chapter 11
bankruptcy petitions (Bankr. D. Del. Case Nos. 15-11874 to
15-11879) on Sept. 8, 2015, with the intention of reorganizing, or
selling as a going concern, their stores for the benefit of their
creditors.

The petitions were signed by Blake Barnett, the chief financial
officer.

The Debtors estimated assets of $50 million to $100 million and
estimated liabilities of $10 million to $50 million.

Young, Conaway, Stargatt & Taylor, LLP, is serving as the Debtors'
local counsel.  Stroock & Stroock & Lavan LLP serves as the
Debtors' general counsel.  Alvarez & Marsal North America, LLC,
acts as the Debtors' financial advisor.  Kurtzman Carson
Consultants LLC serves as the Debtors' claims and noticing agent.

In September 2015, T. Patrick Tinker, assistant U.S. Trustee for
Region 3, appointed seven creditors to the official committee of
unsecured creditors.


HAWAIIAN HOLDINGS: S&P Raises CCR to 'BB-', Outlook Stable
----------------------------------------------------------
S&P Global Ratings said that it has raised its corporate credit
rating on Honolulu-based Hawaiian Holdings Inc., the parent company
of Hawaiian Airlines Inc., to 'BB-' from 'B+'.  The outlook is
stable.

At the same time, S&P raised its issue-level rating on Hawaiian
Airlines Inc.'s 2013-1 class A pass-through trust certificates to
'A- (sf)' from 'BBB+ (sf)' and S&P's issue-level rating on the
class B pass-through trust certificates to 'BB+ (sf)' from 'BB
(sf)'.

"Our upgrade of Hawaiian Holdings Inc. reflects the company's
improved operating performance and debt reduction, which have
substantially improved its credit measures over the past year,"
said S&P Global credit analyst Tatiana Kleiman.  As of March 31,
2016, Hawaiian's trailing-12 months funds from operations
(FFO)-to-debt ratio climbed to 37.9% and its debt-to-EBITDA metric
dropped to 2.2x from 24.1% and 3.3x, respectively, as of the same
time last year.  Similar to its North American airline peers, the
company's 2015 performance has been positively affected by
declining operating costs related to the low fuel price
environment.  S&P expects the company to maintain its stronger
operating performance over the next year, supported by modestly
higher pricing, increases in ancillary revenue, lower fuel
expenses, and ongoing cost-control efforts.

The stable outlook on Hawaiian Holdings Inc. reflects S&P's
expectation that the company will continue to generate strong
earnings and cash flow as it benefits from ongoing cost-reduction
efforts, low fuel prices, and increasing revenue from modestly
higher pricing on its new routes and ancillary offerings.

Although unlikely over the next year, S&P could lower its ratings
on Hawaiian if the company experiences lower-than-expected demand,
weaker pricing, or incurs a higher-than-expected level of operating
costs -- due to labor union contract renegotiations or
substantially higher fuel prices -- causing its FFO-to-debt ratio
to fall to 25% on a sustained basis.

Although unlikely over the next year, S&P could raise its ratings
on Hawaiian if its earnings and cash flow improve because of
lower-than-expected fuel prices or higher-than-expected demand and
pricing, causing its FFO-to-debt ratio to remain consistently above
45% on a sustained basis.


HORSEHEAD HOLDING: Bondholders Want Cap on Equity Panel Legal Cost
------------------------------------------------------------------
The Ad Hoc Secured Noteholder Committee of Horsehead Holding Corp.,
et al., filed with the U.S. Bankruptcy Court for the District of
Delaware its objection to the Official Committee of Equity Security
Holders' application to retain Richards Layton and Finger, P.A. and
Nastasi Partners, as co-counsel, and SSG Capital Advisors, LLC, as
financial advisor to the Equity Committee.

The Ad Hoc Secured Noteholder Committee submits that the Equity
Committee Professionals should be subject to an aggregate cap of
$500,000 for the duration of the Chapter 11 Case.

The Ad Hoc Secured Noteholder Committee alleged that the Equity
Committee Professionals have already incurred nearly $1 million in
fees and, upon information and belief, project that their fees will
total at least $1.25 million per month going forward and likely
significantly more.

The Debtors' estates cannot afford to waste limited resources on
unnecessary or duplicative work, the Ad Hoc Committee argued.
Moreover, there simply are not sufficient funds available to
support these additional costs, and the DIP Lenders have not -- and
will not -- agree to increase the DIP facility in order to fund the
exorbitant run rate projected by the Equity Committee
Professionals. The Equity Committee's projected fees, if left
unchecked, thus will jeopardize the Debtors' ability to reorganize
and, as such, should not be authorized by the Court without the
implementation of reasonable and appropriate spending parameters.

The Ad Hoc Secured Noteholder Committee is represented by:

     William P. Bowden, Esq.
     Gregory A. Taylor, Esq.
     Karen B. Skomorucha Owens, Esq.
     ASHBY & GEDDES, P.A.
     500 Delaware Avenue, 8th Floor
     P.O. Box 1150
     Wilmington, DE 19899
     Tel: (302) 654-1888
     Fax: (302) 654-2067
     Email: wbowden@ashby-geddes.com
            gtaylor@ashby-geddes.com
            kowens@ashby-geddes.com

        - and -

     Michael S. Stamer, Esq.
     Meredith A. Lahaie, Esq.
     Abid Qureshi, Esq.
     AKIN GUMP STRAUSS HAUER & FELD LLP
     One Bryant Park
     New York, NY 10036
     Telephone: (212) 872-1000
     Facsimile: (212) 872-1002
     Email: mstamer@akingump.com
            mlahaie@akingump.com
            aqureshi@akingump.com

                    About Horsehead Holding Corp.

Horsehead Holding Corp. is the parent company of Horsehead
Corporation, a U.S. producer of specialty zinc and zinc-based
products and a recycler of electric arc furnace dust; The
International Metals Reclamation Company, LLC, a leading recycler
of metals-bearing wastes and a leading processor of nickel-cadmium
(NiCd) batteries in North America; and Zochem Inc., a zinc oxide
producer located in Brampton, Ontario. Horsehead, headquartered in
Pittsburgh, Pa., has seven facilities throughout the U.S. and
Canada. The Debtors currently employ approximately 730 full-time
individuals.

Horsehead Holding Corp., Horsehead Corporation, Horsehead Metal
Products, LLC, The International Metals Reclamation Company, LLC,
and Zochem Inc. filed Chapter 11 bankruptcy petitions (Bankr. D.
Del. Case Nos. 16-10287 to 16-10291) on Feb. 2, 2016. The Petition
was signed by Robert D. Scherich as vice president and chief
financial officer. Judge Christopher S. Sontchi is assigned to the
case.

The Debtors have engaged Kirkland & Ellis LLP as general counsel,
Pachulski Stang Ziehl & Jones LLP as local counsel, RAS Management
Advisors, LLC, as financial advisor, Lazard Middle Market LLC as
investment banker, Epiq Bankruptcy Solutions, LLC, as claims and
noticing agent and Aird & Berlis LLP as Canadian counsel.

The Debtors disclosed total assets of $1 billion and total
liabilities of $544.6 million. As of the Petition Date, the
Debtors' consolidated long-term debt obligations totaled
approximately $420.7 million.

Andrew Vara, acting U.S. trustee for Region 3, appointed seven
creditors of Horsehead Holding Corp. to serve on the official
committee of unsecured creditors. Lowenstein Sandler LLP serves as
counsel to the Committee, while Drinker Biddle & Reath LLP serves
as co-counsel. The Unsecured Creditors Committee is represented by
Kenneth A. Rosen, Esq., Bruce Buechler, Esq., and Philip J. Gross,
Esq., at Lowenstein Sandler LLP.

The U.S. Trustee's office appointed Aquamarine Capital and six
others to serve on Horsehead Holding Corp.'s committee of equity
security holders.


HORSEHEAD HOLDING: Says Equity Panel's Expenses May Cause Default
-----------------------------------------------------------------
Horsehead Holding Corp., et al., filed with the U.S. Bankruptcy
Court for the District of Delaware its response to the Official
Committee of Equity Security Holders' application to employ
Richards Layton and Finger, P.A. and Nastasi Partners, as
co-counsel, and SSG Capital Advisors, LLC, as financial advisor to
the Committee.

The Debtors submit that the response filed is solely to identify
the incremental fees and expenses the estates will be asked to
bear. The Equity Committee expects to incur approximately $1.0
million to $1.5 million per month in professional fees and expenses
for the duration of the chapter 11 cases, or approximately $1.25
million per month on average, together with approximately $800,000
of fees and expenses incurred during May 2016 following the Equity
Committee's appointment on May 13, 2016.

The estimate, the Debtors tell the Court, does not include
professional fees related to additional professionals the Equity
Committee may seek to retain, and that $1.25 million per month
average further assumes no additional litigation in these chapter
11 cases, such as contested plan confirmation.

By comparison, the highest monthly fees and expenses billed to date
by the Debtors' professionals totaled approximately $1.95 million
during February 2016, after the chapter 11 case were filed on
February 2, 2016.

Incurrence of fees and expenses at the levels projected by the
Equity Committee are likely to result in an event of default under
the DIP Facility and the DIP Lenders are not prepared to amend the
DIP Facility or otherwise increase funding and modify covenants at
a level necessary to accommodate the Equity Committee's projected
fees and expenses of $1.0 million to $1.5 million per month.

The Debtors are represented by:

     Laura Davis Jones, Esq.
     James E. O'Neill, Esq.
     Joseph M. Mulvihill, Esq.
     PACHULSKI STANG ZIEHL & JONES LLP
     919 North Market Street, 17th Floor
     P.O. Box 8705
     Wilmington, DE 19899-8705
     Tel: (302) 652-4100
     Fax: (302) 652-4400
     E-mail: ljones@pszjlaw.com
             joneill@pszjlaw.com
             jmulvihill@pszjlaw.com

        - and -

     James H.M. Sprayregen, Esq.
     Patrick J. Nash Jr., Esq.
     Ryan Preston Dahl, Esq.
     KIRKLAND & ELLIS LLP
     KIRKLAND & ELLIS INTERNATIONAL LLP
     300 North LaSalle
     Chicago, IL 60654
     Tel:  (312) 862-2000
     Fax:  (312) 862-2200
     E-mail: james.sprayregen@kirkland.com
             patrick.nash@kirkland.com
             ryan.dahl@kirkland.com

                    About Horsehead Holding Corp.

Horsehead Holding Corp. is the parent company of Horsehead
Corporation, a U.S. producer of specialty zinc and zinc-based
products and a recycler of electric arc furnace dust; The
International Metals Reclamation Company, LLC, a leading recycler
of metals-bearing wastes and a leading processor of nickel-cadmium
(NiCd) batteries in North America; and Zochem Inc., a zinc oxide
producer located in Brampton, Ontario. Horsehead, headquartered in
Pittsburgh, Pa., has seven facilities throughout the U.S. and
Canada. The Debtors currently employ approximately 730 full-time
individuals.

Horsehead Holding Corp., Horsehead Corporation, Horsehead Metal
Products, LLC, The International Metals Reclamation Company, LLC,
and Zochem Inc. filed Chapter 11 bankruptcy petitions (Bankr. D.
Del. Case Nos. 16-10287 to 16-10291) on Feb. 2, 2016. The Petition
was signed by Robert D. Scherich as vice president and chief
financial officer. Judge Christopher S. Sontchi is assigned to the
case.

The Debtors have engaged Kirkland & Ellis LLP as general counsel,
Pachulski Stang Ziehl & Jones LLP as local counsel, RAS Management
Advisors, LLC, as financial advisor, Lazard Middle Market LLC as
investment banker, Epiq Bankruptcy Solutions, LLC, as claims and
noticing agent and Aird & Berlis LLP as Canadian counsel.

The Debtors disclosed total assets of $1 billion and total
liabilities of $544.6 million. As of the Petition Date, the
Debtors' consolidated long-term debt obligations totaled
approximately $420.7 million.

Andrew Vara, acting U.S. trustee for Region 3, appointed seven
creditors of Horsehead Holding Corp. to serve on the official
committee of unsecured creditors. Lowenstein Sandler LLP serves as
counsel to the Committee, while Drinker Biddle & Reath LLP serves
as co-counsel. The Unsecured Creditors Committee is represented by
Kenneth A. Rosen, Esq., Bruce Buechler, Esq., and Philip J. Gross,
Esq., at Lowenstein Sandler LLP.

The U.S. Trustee's office appointed Aquamarine Capital and six
others to serve on Horsehead Holding Corp.'s committee of equity
security holders.


HORSEHEAD HOLDING: Shareholders Defend Hirings, Legal Cost
----------------------------------------------------------
The Official Committee of Equity Security Holders of Horsehead
Holding Corp., et al., filed with the U.S. Bankruptcy Court for the
District of Delaware its reply to:

   (A) Debtors' limited omnibus response to

     (i)   Application of the Official Committee of Equity
           Security Holders to Employ and Retain Nastasi Partners
           as Co-counsel to the Committee Nunc Pro Tunc to May
           13, 2016, dated May 31, 2016,

     (ii)  Application to Retain and Employ Richards, Layton and
           Finger, P.A. as Co-counsel to the Official Committee
           of Equity Security Holders Nunc Pro Tunc to May 13,
           2016, dated May 31, 2016, and

     (iii) Application for an Order Authorizing the Retention and
           Employment of SSG Capital Advisors, LLC as Financial
           Advisor to the Official Committee of Equity Security
           Holders Nunc Pro Tunc to May 15, 2016, dated May 31,
           2016; and

   (B) the Ad Hoc Secured Noteholder Committee's limited
       objection to the Equity Committee Applications and
       together with the Debtors' Response.

No party has objected to the retention of the Equity Committee's
chosen professionals per se. The issues raised in the Objections
instead assert that the professionals should be hamstrung by an
unrealistically low budget. The purpose of the request is to
prevent the Equity Committee from competently doing its job, so it
should be overruled.

In the Objections, the Ad Hoc Secured Noteholder Committee requests
that the Court impose an aggregate fee cap of $500,000 on all of
the Equity Committee Professionals in the chapter 11 case. The
basis for the request is twofold: (a) concern that the Equity
Committee Professionals' fees are and will be "excessive and
unnecessary" in light of the Equity Committee's allegedly "limited
charge of investigating value" and will "significantly deplete the
resources available to the Debtors and their other stakeholders";
and (b) the fee cap will "ensure that estate resources are not
wasted on numerous fee objections" during the cases.

The Equity Committee stressed that a fee cap on the Equity
Committee Professionals is neither necessary nor appropriate in the
Bankruptcy case. When applications for compensation are submitted,
the Equity Committee Professionals will have the burden, as do all
retained professionals, of justifying the fees and expenses
incurred during these cases. To impose a fee cap in advance,
regardless of the necessity, value or merits of the work performed,
would severely handicap the Equity Committee in performing its
duties.

The Equity Committee submits that the proposed fee cap is nothing
more than an attempt by the Ad Hoc Noteholder Committee to
prematurely, and solely for their strategic benefit, end the Equity
Committee's involvement in the bankruptcy case. Such an effort is
not justifiable.

There are numerous safeguards already in place to ensure that the
Equity Committee Professionals, like all retained professionals,
submit only reasonable fees incurred in performing appropriate work
-- without resorting to a drastic and debilitating prior
restraint.

                    About Horsehead Holding Corp.

Horsehead Holding Corp. is the parent company of Horsehead
Corporation, a U.S. producer of specialty zinc and zinc-based
products and a recycler of electric arc furnace dust; The
International Metals Reclamation Company, LLC, a leading recycler
of metals-bearing wastes and a leading processor of nickel-cadmium
(NiCd) batteries in North America; and Zochem Inc., a zinc oxide
producer located in Brampton, Ontario. Horsehead, headquartered in
Pittsburgh, Pa., has seven facilities throughout the U.S. and
Canada. The Debtors currently employ approximately 730 full-time
individuals.

Horsehead Holding Corp., Horsehead Corporation, Horsehead Metal
Products, LLC, The International Metals Reclamation Company, LLC,
and Zochem Inc. filed Chapter 11 bankruptcy petitions (Bankr. D.
Del. Case Nos. 16-10287 to 16-10291) on Feb. 2, 2016. The Petition
was signed by Robert D. Scherich as vice president and chief
financial officer. Judge Christopher S. Sontchi is assigned to the
case.

The Debtors have engaged Kirkland & Ellis LLP as general counsel,
Pachulski Stang Ziehl & Jones LLP as local counsel, RAS Management
Advisors, LLC, as financial advisor, Lazard Middle Market LLC as
investment banker, Epiq Bankruptcy Solutions, LLC, as claims and
noticing agent and Aird & Berlis LLP as Canadian counsel.

The Debtors disclosed total assets of $1 billion and total
liabilities of $544.6 million. As of the Petition Date, the
Debtors' consolidated long-term debt obligations totaled
approximately $420.7 million.

Andrew Vara, acting U.S. trustee for Region 3, appointed seven
creditors of Horsehead Holding Corp. to serve on the official
committee of unsecured creditors. Lowenstein Sandler LLP serves as
counsel to the Committee, while Drinker Biddle & Reath LLP serves
as co-counsel. The Unsecured Creditors Committee is represented by
Kenneth A. Rosen, Esq., Bruce Buechler, Esq., and Philip J. Gross,
Esq., at Lowenstein Sandler LLP.

The U.S. Trustee's office appointed Aquamarine Capital and six
others to serve on Horsehead Holding Corp.'s committee of equity
security holders.


INDIANTOWN COGENERATION: Moody's Affirms Ba1 Rating on Sub. Bonds
-----------------------------------------------------------------
Moody's Investors Service changed Indiantown Cogeneration L.P.'s
rating outlook to positive from stable, and affirmed the ratings
for its first mortgage bonds at Baa3 and subordinated bonds at
Ba1.

RATING RATIONALE

Outlook Actions:

Issuer: Indiantown Cogeneration, L.P.
  Outlook, Changed To Positive From Stable

Affirmations:

Issuer: Indiantown Cogeneration, L.P.
  Subordinate Regular Bond/Debenture, Affirmed Ba1
  Senior Secured First Mortgage Bond, Affirmed Baa3

The rating action reflects the Florida Power and Light Company
(FPL: A1, stable) announcement that it had agreed to purchase
Indiantown from Calypso Energy Holdings for approximately $451
million (including debt).  If consummated, the transaction, which
requires Florida Public Service Commission (FPSC) regulatory
approval, would strengthen Indiantown's credit quality as it would
reduce the potential for variability in its financial profile,
lower variable operating expenses, and reduce Indiantown's dispatch
levels.

FPL would remain the off-taker under the long-term power purchase
agreement (PPA) that matures on Dec. 31, 2025.  FPL's intent upon
owning Indiantown is to, among other things, reduce the plant's
dispatch factor to no more than 5% from approximately 24% in 2015,
reduce variable operating expenses and fuel cost under-recovery
that has historically been pronounced when dispatch levels exceeded
50%.  As such, a reduction in Indiantown's dispatch levels should
result in improved debt service coverage ratio while reducing the
potential for variability to its financial profile.

Consummation of the proposed transaction is contingent upon
approval by the FPSC, including it granting FPL recovery of the
purchase price over the remaining term of the PPA.  In Moody's
opinion, having FPL as both owner and off-taker coupled with
regulatory approval for cost recovery greatly reduces the
probability of a payment default of Indiantown bonds vis-à-vis the
current ownership and operating structure.  Indiantown's ratings
are likely to be upgraded should the FPSC approve the transaction
in its current form.

Indiantown is a special purpose limited partnership formed to
develop, construct, own and operate a 330-megawatt coal-fired
cogeneration power plant in southwestern Martin County, Florida.

The principal methodology used in these ratings was Power
Generation Projects published in December 2012.


INFORMATICA CORP: Bank Debt Trades at 2% Off
--------------------------------------------
Participations in a syndicated loan under which Informatica Corp is
a borrower traded in the secondary market at 97.88
cents-on-the-dollar during the week ended Friday, June 24, 2016,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents a decrease of 0.40 percentage points from the
previous week.  Informatica Corp pays 350 basis points above LIBOR
to borrow under the $1.875 billion facility. The bank loan matures
on June 1, 2022 and carries Moody's B2 rating and Standard & Poor's
B rating.  The loan is one of the biggest gainers and losers among
247 widely quoted syndicated loans with five or more bids in
secondary trading for the week ended June 24.


ION WORLDWIDE: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

       Debtor                                      Case No.
       ------                                      --------
       iON Worldwide Inc.                          16-11543
       513 South Cenola Road, Suite 208
       Mooretown, NJ 08057

       iON America LLC                             16-11544
       513 South Cenola Road, Suite 208
       Moorestown, NJ 08057

Chapter 11 Petition Date: June 24, 2016

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

Judge: Hon. Laurie Selber Silverstein

Debtors' Counsel: Thomas H. Kovach, Esq.
                  A M SACCULLO LEGAL, LLC
                  27 Crimson King Drive
                  Bear, DE 19701
                  Tel: (302) 293-4841
                  Fax: (302) 836-8787
                  E-mail: kovach@saccullolegal.com

                    - and -

                  Anthony M. Saccullo, Esq.
                  A. M. SACCULLO LEGAL, LLC
                  27 Crimson King Drive
                  Bear, DE 19701
                  Tel: 302-836-8877
                  Fax: 302-836-8787
                  E-mail: ams@saccullolegal.com

                     - and -

                  OLSHAN FROME WOLOSKY, LLP

Debtors'          
Financial
Consultants:      WILLAMETTE MANAGEMENT ASSOCIATES

                                        Estimated     Estimated
                                         Assets      Liabilities
                                       ----------    -----------
iON Worldwide Inc.                     $1MM-$10MM     $1MM-$10MM
iON America LLC                        $1MM-$10MM    $10MM-$50MM

The petitions were signed by Giovanni Tomaselli, chief executive
officer.

A copy of the Debtors' consolidated list of 20 largest unsecured
creditors is available for free at
http://bankrupt.com/misc/deb16-11543.pdf


J. CREW: Bank Debt Trades at 28% Off
------------------------------------
Participations in a syndicated loan under which J. Crew is a
borrower traded in the secondary market at 71.68
cents-on-the-dollar during the week ended Friday, June 24, 2016,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents a decrease of 1.45 percentage points from the
previous week.  J. Crew pays 300 basis points above LIBOR to borrow
under the $1.56 billion facility. The bank loan matures on Feb. 27,
2021 and carries Moody's B2 rating and Standard & Poor's B- rating.
The loan is one of the biggest gainers and losers among 247 widely
quoted syndicated loans with five or more bids in secondary trading
for the week ended June 24.


JFT PROPERTIES: 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 JFT Properties, LLC.

JFT Properties, LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D. Fla. Case No. 16-70762) on March 29,
2016.  The petition was signed by Thomas F. Thomason, member.

The Debtor is represented by Brad J. Moore, Esq., at Frederick S.
Wetzel, III, P.A.

At the time of the filing, the Debtor disclosed $1.09 million in
total assets and $351,881 in total liabilities.


JOHN Q. HAMMONS: Files Voluntary Chapter 11 Bankruptcy Petition
---------------------------------------------------------------
John Q. Hammons Hotels & Resorts (JQH) on June 27, 2016, disclosed
that the family of companies, the Revocable Trust of John Q.
Hammons, and their related affiliates, have filed voluntary
petitions to restructure under Chapter 11 of the U.S. Bankruptcy
Code in the United States Bankruptcy Court of the District of
Kansas at Kansas City.  JQH held a press conference on June 27 in
Springfield to announce the filing.  JQH is a private, independent
owner and manager of hotels in the United States, including
operating more than 1 million square feet of superb meeting space.

According to JQH's CEO Jacquie Dowdy, the family of companies is
financially sound and performing well.  The financial restructuring
will enable the companies and their advisors to better navigate the
litigious environment that has encumbered the family of companies
the past several years.

"JQH is known as a performance leader.  We have a legacy of
excellence that we are committed to maintain but increasingly, we
have been restricted by legal roadblocks arising in the
litigation,"
Ms. Dowdy said.  "JQH is financially stable.  We want to ensure
that the company Mr. Hammons built over 50 years and the financial
and philanthropic commitments he made have the opportunity to
continue to thrive.  A financial restructuring associated with
Chapter 11 will help to provide the necessary framework and
safeguards to let us be there for our creditors, vendors,
employees, guests and members of the community who benefit from the
continued generosity of the legendary hotelier."

JQH operates 35 hotels, representing approximately 8,500 guest
rooms/suites in 16 states.  The diverse hotel portfolio spans
Marriott, Hilton, Embassy Suites by Hilton, Sheraton, IHG, Chateau
on the Lake Resort / Spa & Convention Center, and Plaza Hotels
Collection branded properties. The well-known company employs more
than 4,000 associates, including the 2015 General Manager of the
Year for the Embassy Suites by Hilton brand.  Several of JQH's
properties are included in the TripAdvisor (R) Certificate of
Excellence Hall of Fame for achieving TripAdvisor's Certificate of
Excellence for five consecutive years.

Ms. Dowdy added, "JQH is a process-oriented and budget-minded
organization.  We foresee this being a strategic and necessary move
in the best interests of those to which we have financial
responsibility.  We do not feel the approach will adversely affect
our guests, who will continue to enjoy exceptional stays at our
award-winning hotels across the country."

JQH's Senior Vice president and General Counsel Gregg Groves is
serving as in-house legal counsel in connection with the Chapter
11, while Stinson Leonard Street LLP is acting as outside counsel
for the restructuring.  For more information about the Chapter 11
case, including access to Court documents, please visit
http://www.bmcgroup.com/jqh

             About John Q. Hammons Hotels & Resorts

Springfield, Mo.-based John Q. Hammons Hotels & Resorts (JQH) --
http://www.jqhhotels.com/-- is a private, independent owner and
manager of hotels in the United States, representing brands such
as: Marriott, Hilton, Embassy Suites by Hilton, Sheraton, IHG,
Chateau on the Lake Resort / Spa & Convention Center, and Plaza
Hotels Collection.  It has portfolio of 35 hotels representing
approximately 8,500 guest rooms/suites in 16 states.


JOHN Q. HAMMONS: Voluntary Chapter 11 Case Summary
--------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

    Debtor                                              Case No.
    ------                                              --------
    1.) John Q. Hammons Fall 2006, LLC                  16-21142
        300 John Q Hammons Parkway, Suite 900
        Springfield, MO 65806

    2.) Junction City Catering Co., Inc.                16-21139
    3.) The Revocable Trust of John Q. Hammons    
        dated December                                  16-21140
    4.) JQH - Olathe Development, LLC                   16-21141
    5.) Hammons, Inc.                                   16-21143
    6.) John Q. Hammons Hotels Development, LLC         16-21144
    7.) ACLOST, LLC                                     16-21145
    8.) John Q. Hammons 2015 Loan Holdings, LLC         16-21146
    9.) JQH - Lake of the Ozarks Development LLC        16-21147
   10.) John Q. Hammons Hotels Management I Corporation 16-21148
   11.) KC Residence Catering Co., Inc.                 16-21149
   12.) JQH - Concord Development LLC                   16-21150
   13.) John Q. Hammons Hotels Management II, L.P.      16-21151
   14.) Bricktown Residence Catering Co. Inc.           16-21152
   15.) John Q. Hammons Hotels Management, LLC          16-21153
   16.) Hammons of Huntsville, LLC                      16-21154
   17.) La Vista CY Catering Co., Inc.                  16-21155
   18.) Chateau Catering Co. Inc.                       16-21156
   19.) Hammons of Oklahoma City, LLC                   16-21157
   20.) La Vista ES Catering Co., Inc.                  16-21158
   21.) JQH - Ft. Smith Development, LLC                16-21159
   22.) Hammons of South Carolina, LLC                  16-21160
   23.) Civic Center Redevelopment Corp                 16-21161
   24.) Lincoln P Street Catering Co., Inc              16-21162
   25.) Hammons of Lincoln, LLC                         16-21163
   26.) JQH - East Peoria Development, LLC              16-21164
   27.) Hammons of New Mexico, LLC                      16-21165
   28.) Loveland Catering Co., Inc.                     16-21166
   29.) Hammons of Tulsa, LLC                           16-21167
   30.) Concord Golf Catering Co. Inc.                  16-21168
   31.) JQH - Glendale, AZ Development, LLC             16-21169
   32.) Manzano Catering Co., Inc.                      16-21170
   33.) JQH - San Marcos Development, LLC               16-21171
   34.) Hammons of Sioux Falls, LLC                     16-21172
   35.) Hammons of Rogers, Inc.                         16-21173
   36.) JQH - Allen Development, LLC                    16-21174
   37.) Murfreesboro Catering Co., Inc.                 16-21175
   38.) Concord Hotel Catering Co. Inc.                 16-21176
   39.) JQH - Kansas City Development, LLC              16-21177
   40.) Normal Catering Co., Inc.                       16-21178
   41.) OKC Courtyard Catering Co., Inc.                16-21179
   42.) JQH - Norman Development, LLC                   16-21180
   43.) East Peoria Catering Co. Inc.                   16-21181
   44.) R-2 Operating Co., Inc.                         16-21182
   45.) Chateau Lake, LLC                               16-21183
   46.) Fort Smith Catering Co. Inc.                    16-21184
   47.) Rogers ES Catering Co., Inc.                    16-21185
   48.) JQH - La Vista III Development, LLC             16-21186
   49.) Franklin/Crescent Catering Co. Inc.             16-21187
   50.) SGF-Courtyard Catering Co., Inc.                16-21188
   51.) JQH - La Vista Conference Center
        Development, LLC                                16-21189
   52.) Sioux Falls Convention/Arena Catering Co., Inc. 16-21190
   53.) JQH - Murfreesboro Development, LLC             16-21191
   54.) Glendale Coyotes Catering Co. Inc.              16-21192
   55.) St. Charles Catering Co., Inc.                  16-21193
   56.) JQH - Normal Development, LLC                   16-21194
   57.) Tulsa/169 Catering Co., Inc.                    16-21195
   58.) Glendale Coyotes Hotel Catering Co. Inc.        16-21196
   59.) JQH - Oklahoma City Bricktown Development, LLC  16-21197
   60.) U.P. Catering Co., Inc.                         16-21198
   61.) JQH - Rogers Convention Center Development, LLC 16-21199
   62.) Hammons of Colorado LLC                         16-21200
   63.) JQH - La Vista CY Development, LLC              16-21201
   64.) Huntsville Catering, LLC                        16-21202
   65.) Hampton Catering Co. Inc.                       16-21203
   66.) Hot Springs Catering Co. Inc.                   16-21204
   67.) International Catering Co. Inc.                 16-21205
   68.) Joplin Residence Catering Co. Inc.              16-21206
   69.) JQH - Pleasant Grove Development LLC            16-21207
   70.) Hammons of Richardson, LLC                      16-21208
   71.) Richardson Hammons LP   
   72.) Hammons of Franklin, LLC    

Type of Business: The Debtors collectively operate as an
                  enterprise known as John Q. Hammons Hotels
                  & Resorts.

Chapter 11 Petition Date: June 26, 2016

Court: United States Bankruptcy Court
       District of Kansas (Kansas City)

Judge: Hon. Robert D. Berger

Debtors' Counsel: Mark A. Shaiken, Esq.
                  Mark S. Carder, Esq.
                  Nicholas Zluticky, Esq.
                  STINSON LEONARD STREET LLP
                  1201 Walnut, Suite 2900
                  Kansas City, MO 64106
                  Tel: (816) 842-8600
                  E-mail: mark.carder@stinson.com
                         mark.shaiken@stinson.com
                         nicholas.zluticky@stinsonleonard.com

Debtors'          Victor F Weber, Esq.
Conflicts         MERRICK BAKER AND STRAUSS PC
Counsel:          1044 Main, Ste 400
                  Kansas City, MO 64105
                  Tel: 816-221-8855
                  Fax: 816-221-7886
                  E-mail: victor@merrickbakerstrauss.com

Estimated Assets: $100 million to $500 million

Estimated Debts: $100 million to $500 million

The petitions were signed by Greggory D Groves, vice president.

The Debtors did not file a list of their 20 largest unsecured
creditors together with the petitions.  They, however, filed a
motion seeking authorization to (a) prepare a consolidated list of
creditors in lieu of submitting individual mailing matrices, (B)
file a consolidated list of the Debtors' 40 Largest Unsecured
Creditors and (C) mail initial notices filed on behalf of Debtor
John Q. Hammons Fall 2006, LLC.


JOY-KAY INC: Wants Exclusive Plan Filing Deadline Moved to Oct. 30
------------------------------------------------------------------
Joy-Kay, Inc. t/a Super Saver Liquors, asks the U.S. Bankruptcy
Court for the District of New Jersey to extend exclusive period to
file a plan for 90 days through Oct. 30, 2016.

A hearing on the request is set for July 19, 2016, at 11:00 am.

The Debtor's current exclusive period to file a plan expires on
Aug. 1, 2016.

The Debtor's landlord commenced an action to obtain possession of
the Debtor's liquor store/bar in the Plaza Shopping Center, which
was scheduled for trial on Feb. 4, 2016.  The action to obtain
possession of the premises was automatically stayed upon the filing
of the Debtor's Chapter 11 proceeding.

Shortly after the Petition Date, Debtor filed an adversary
proceeding against its landlord alleging that the landlord had no
right to terminate the lease and seeking a declaratory judgment as
to Debtor's rights under the lease.

The landlord filed a motion for relief from the automatic stay
pursuant to Section 362 of the Bankruptcy Code seeking an order to
allow it to continue prosecution of the action for possession of
the Debtor's premises.

The Debtor and its landlord ultimately settled the issues raised in
the Debtor's adversary proceeding and the landlord's motion by
generally agreeing that the Debtor would vacate the premises on or
before April 7, 2016, and that the landlord waived all claims
against and released Debtor.

In addition to resolving its claims with the landlord, pursuant to
an order entered by the Court on Feb. 26, 2016, the Debtor was
authorized to retain Delaney Restaurant Realty as a broker to
market its class C liquor license for sale.  Delaney Restaurant has
been actively marketing the license for sale since its retention.

Delaney Restaurant secured a $250,000 offer for the purchase of the
Debtor's liquor license.  In addition, Debtor recently received an
CXpression of interest from another prospective purchaser who
advises it is prepared to pay more than the $250,000 offer.

The deadline for creditors to file a proof of claim expired on June
7, 2016, except for governmental units which have 180 days from the
Petition Date, or until Aug. 1, 2016, to file proofs of claim.

The Debtor needs additional time to consider the competing offers,
finalize a contract for the sale of its liquor license, file a
motion to approve the sale and thereafter file a liquidating plan.

The Debtor has, during its exclusive period, resolved a substantial
claim of the landlord and obtained an offer for its liquor license
which will provide a substantial dividend to creditors and may even
result in funds being available for equity holders.  The Debtor
should be in a position to finalize an agreement of sale for its
liquor license promptly and thereafter be in a position to file a
motion to approve a sale and move for confirmation of a liquidating
plan.

The Debtor's counsel can be reached at:

     SHAPIRO, CROLAND, REISER, APFEL & DI IORIO, LLP
     John P. Di Iorio, Esq.
     Continental Plaza 11
     411 Hackensack Avenue
     Hackensack, NJ 07601
     Tel: (201) 488-3900
     Fax: (201) 488-9481
     E-mail: jdiiorio@shapiro-croland.com

Joy-Kay, Inc. t/a Super Saver Liquors, operated a liquor store/bar
from premises it had leased for approximately 23 years in the Plaza
Shopping Center in Wayne, New Jersey.

Joy-Kay, Inc., filed for Chapter 11 bankruptcy protection (Bankr.
D.N.J. Case No. 16-11988) on Feb. 3, 2016.


K&K ENTERPRISES: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: K&K Enterprises and Trucking, LLC
        180 Thaxton Lane
        Roberta, GA 31078

Case No.: 16-51274

Chapter 11 Petition Date: June 24, 2016

Court: United States Bankruptcy Court
       Middle District of Georgia (Macon)

Debtor's Counsel: Wesley J. Boyer, Esq.
                  KATZ, FLATAU, POPSON & BOYER, LLP
                  355 Cotton Avenue
                  Macon, GA 31201
                  Tel: 478-742-6481
                  E-mail: wjboyer_2000@yahoo.com
                          Wes@WesleyJBoyer.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Kenneth S. Thaxton, president.

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/gamb16-51274.pdf


LEWIS HEALTH: Exclusive Plan Filing Period Extended to Sept. 26
---------------------------------------------------------------
Paul G. Hyman, Jr., of the U.S. Bankruptcy Court for the Southern
District of Florida has extended, at the behest of Lewis Health
Institute, Inc., the exclusive period for the Debtor to file a plan
of reorganization through and including Sept. 26, 2016, and the
Debtor's exclusive period to solicit acceptances of its plan of
reorganization for 60 days, through and including Nov. 25, 2016.

As reported by the Troubled Company Reporter on June 14, 2016, the
Debtor sought the extensions, saying that it has no intent to
hinder or delay any payments due HCA Health Services of Florida,
Inc., and that it is not seeking the extensions to delay the
administration of the case or to pressure creditors to accept an
unsatisfactory plan.  The Debtor attended a mediation with its
largest creditor in December 2015.  At that time, the Debtor and
the creditor entered into a settlement agreement, which was
approved by the Court on Jan. 20, 2016.  The Debtor is in the
process of finalizing and determining treatment of its creditors
through the Chapter 11 Plan.

The Debtor can be reached through its counsel:

      Craig I. Kelley, Esq.
      Kelley & Fulton, P.L.
      1665 Palm Beach Lakes Blvd.
      The Forum - Suite 1000
      West Palm Beach, FL 33401
      Tel: (561) 491-1200
      Fax: (561) 684-3773
      E-mail: craig@kelleylawoffice.com

                  About Lewis Health Institute

Lewis Health Institute, Inc., filed for Chapter 11 bankruptcy
protection (Bankr. S.D. Fla. Case No. 15-25980) on Sept. 3, 2015.
Craig I. Kelley, Esq., at Kelley & Fulton, PL, serves as the
Debtor's bankruptcy counsel.


LINC USA GP: Bid to Pay Wages, Hire KCC Challenged
--------------------------------------------------
The Official Committee of Unsecured Creditors of Linc USA GP, et
al., filed with the U.S. Bankruptcy Court for the Southern District
of Texas an omnibus objection to:

   A. Debtors' Emergency Motion for Order

     (I)  Authorizing Debtors to (A) Pay Prepetition Wages and
          Salaries to Employees and (B) Pay Prepetition Benefits
          and to Continue Benefit Programs In the Ordinary
          Course, and

     (II) Authorizing Financial Institutions to Honor All Related
          Checks and Electronic Payment Request

   B. Debtors' Emergency Application for Entry of an Order
      Authorizing the Retention and Appointment of Kurtzman
      Carson Consultants LLC as Notice, Claims and Balloting
      Agent.

The Committee argued that the Debtors have not provided critical
details about the severance program, specifically, the exact
amounts to be paid and the conditions of payment. In addition, the
Debtors state without further explanation that they "intend to
offer severance pay to employees who choose not to accept
employment with any purchaser of the Debtor's assets."

The Committee asserted that the panel and all other
parties-in-interest are entitled to know the details of the
severance program for which the Debtors seek approval.

With respect to insiders, i.e., presumably most if not all of the
nine management-level employees mentioned, the Debtors are required
to demonstrate that the proposed severance payments comply with 11
U.S.C. Sec. 503(c)(2). Section 503(c) which requires that any
severance payment to insiders be part of a program generally
applicable to all full-time employees, and that the amount of the
payment received by the insider be not greater than ten times the
mean severance payment received by nonmanagement employees during
the same year. The Debtors have not made this showing.

Severance payments to noninsiders must be "justified by the facts
and circumstances" as required by 11 U.S.C. Sec. 503(c)(3). This is
a higher standard than the business judgment rule. The Debtors have
not shown that severance payments to noninsiders are justified by
the facts and circumstances.

Also, the Committee filed a limited objection to the Debtors'
Application for Entry of Order Authorizing the Retention of
Kurtzman Carson Consultants LLC as Notice, Claims and Balloting
Agent to provide that the Committee is similarly authorized to make
use of KCC LLC as notice, claims, and balloting agent.  Hugh Ray
III, counsel for the Committee, on June 20, 2016, conferred with
Jason Cohen, counsel for the Debtors, and both reached an agreement
providing that the Committee may also make use of KCC as noticing
agent.

The Committee is represented by:

     Hugh M. Ray, III, Esq.
     Benjamin W. Hugon, Esq.
     Veronica F. Manning, Esq.
     MCKOOL SMITH, P.C.
     600 Travis, Suite 7000
     Houston, TX 77002
     Tel: 713-485-7300
     Fax: 713-485-7344

                      About Linc USA

Each of Linc USA GP, Linc Energy Finance (USA), Inc., Linc Energy
Operations, Inc., Linc Energy Resources, Inc., Linc Gulf Coast
Petroleum, Inc., Linc Energy Petroleum (Wyoming), Inc., Paen Insula
Holdings, LLC, Diasu Holdings, LLC, Diasu Oil & Gas Company, Inc.,
Linc Alaska Resources, LLC and Linc Energy Petroleum (Louisiana),
LLC filed a voluntary petition for relief under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Tex. Lead Case No. 16-32689) on May
29, 2016.

Linc USA GP and its subsidiaries operate an independent oil and gas
exploration and production business with a primary focus on
conventional onshore and shallow state water properties along the
Gulf Coast of Texas and properties in the Powder River Basin of
Wyoming. The Debtors, through their majority owned subsidiary,
Renaissance Umiat, LLC (which is not a Debtor), also own oil and
gas properties in the Umiat field on Alaska's North Slope. The
Debtors are ultimately owned by Linc Energy Ltd., an Australian
corporation established in the year 2000, shares of which were
listed on the Singapore Stock Exchange.  Linc Energy Ltd. entered
into voluntary administration in Australia on April 15, 2016.

The Debtors estimated assets in the range of $50 million to $100
million and debts of up to $500 million. As of the Petition Date,
the Debtors estimate that they owed approximately $5.8 million to
their vendors.

Bracewell LLP serves as the Debtors' counsel. Kurtzman Carson
Consultants LLC acts as the Debtors' notice, claims and balloting
agent.

Judge David R Jones presides over the cases.

The U.S. Trustee has appointed three creditors of Linc USA GP and
its affiliates to serve on the official committee of unsecured
creditors.


MALIBU LIGHTING: Exclusive Plan Filing Period Extended to Sept. 6
-----------------------------------------------------------------
The Hon. Kevin Gross of the U.S. Bankruptcy Court for the District
of Delaware has extended Malibu Lighting Corporation, et al.'s
exclusive period to file a plan of reorganization through and
including Sept. 6, 2016, and the period for the Debtor to obtain
acceptances of the plan through and including Nov. 7, 2016.

As reported by the Troubled Company Reporter on June 7, 2016, the
Debtors sought to extend the exclusive period to file a plan
through and including Oct. 4, 2016, and the period for the Debtor
to obtain acceptances of the plan through and including Dec. 5,
2016, saying that they, in consultation with the Official Committee
of Unsecured Creditors, are in the process of reconciling the
proofs of claim received with the schedules and filing appropriate
omnibus claim objections.  The effort is ongoing and is
facilitating settlement negotiations between the Debtors and
Committee, as the magnitude of the general unsecured claims pool is
becoming clearer.  The Debtors are also in the process of selling
their remaining real estate interests.

                        About Malibu Lighting

Malibu Lighting Corporation, Outdoor Direct Corporation, National
Consumer Outdoors Corporation, Beam Corporation, Smoke 'N Pit
Corporation, Treasure Sensor Corporation and Stubbs Collections
Inc. filed Chapter 11 bankruptcy petitions (Bankr. D. Del. Lead
Case No. 15-12080) on Oct. 8, 2015.  The petition was signed by
David M. Baker as chief restructuring officer.  Judge Kevin Gross
is assigned to the case.

MLC was a manufacturer and supplier of outdoor and landscape
lighting products, such as solar and low voltage lights and home
security lights, including the parts and accessories associated
with these products.

ODC was a manufacturer and supplier of a variety of consumer
goods, including (a) outdoor cooking products, such as outdoor gas
grills, charcoal grills, smokers and fryers, (b) hand held lighting
products, like flashlights and spotlights, (c) landscape lighting
products, and (d) parts and accessories associated with
the foregoing products.

MLC and ODC are currently winding down operations as a result of
the termination of a business relationship with principal
customer, Home Depot.

NCOC is a manufacturer and supplier of both branded and private
label pet bedding and pet accessory products.  NCOC manufactures
beds, accessories, and deodorizers for dogs as well as beds,
scratching posts, and toys for cats.  In addition, NCOC markets
and sells boat covers manufactured primarily from Chinese
suppliers.

Malibu estimated assets and liabilities of $10 million to
$50 million in its bankruptcy petition.

The Debtors have engaged Pachulski Stang Ziehl & Jones LLP as
counsel, Piper Jaffray Co. as investment banker, and Kurtzman
Carson Consultants as claims and noticing agent.

On Oct. 20, 2015, an official committee of unsecured creditors was
appointed by the Office of the United States Trustee.

No request has been made for the appointment of a trustee or an
examiner in these cases.


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

Marclay EMS, Inc., successor to Marclay Community Ambulance Inc.,
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
W.D. Pa. Case No. 16-21671) on May 2, 2016.  The Debtor is
represented by Daniel R. White, Esq., at Zebley Mehalov & White,
P.C.


MARINA BIOTECH: Demands $2-Mil. Milestone Payment from Retrophin
----------------------------------------------------------------
Marina Biotech, Inc., entered into an Asset Purchase Agreement with
Cypress Biosciences on Aug. 25, 2010, pursuant to which, among
other things, the Company sold PCT/US 2007/079994 (of which US
patent application 13/204,485 represents a continuation) to Cypress
for the consideration described in the Cypress Agreement. US patent
application 13/204,485 resulted in the issuance of US patent
application no. 9,023,793 on March 5, 2015.

US patent application 13/204,485 was assigned by Cypress to Kyalin
Biosciences, Inc. on or about Dec. 21, 2011, and was further
assigned to Retrophin, Inc. upon its acquisition of Kyalin
Biosciences, Inc. on or about Dec. 12, 2013.  As a result of the
foregoing assignments, the Company believes that Retrophin is
obligated to pay any relevant milestones due to the Company under
the Cypress Agreement.

"We believe that, as a result of the issuance of US patent no.
9,023,793 on May 5, 2015, the Company became entitled to receive a
milestone payment in the amount of $2,000,000 under the Cypress
Agreement.  The Company has advised Retrophin of its claim to
payment of this milestone.  However, Retrophin has denied the
Company's claim.  Although the Company intends to vigorously pursue
its right to receive the milestone payment, there can be no
assurance that the Company will be successful in its endeavors to
receive the payments to which it believes it is entitled," the
Company said in a regulatory filing with the Securities and
Exchange Commission.

                       About Marina Biotech

Marina Biotech, Inc., headquartered in Bothell, Washington, is a
biotechnology company focused on the discovery, development and
commercialization of nucleic acid-based therapies utilizing gene
silencing approaches such as RNA interference ("RNAi") and
blocking messenger RNA ("mRNA") translation.  The Company's goal
is to improve human health through the development, either through
its own efforts or those of its collaboration partners and
licensees, of these nucleic acid-based therapeutics as well as the
delivery technologies that together provide superior treatment
options for patients.  The Company has multiple proprietary
technologies integrated into a broad nucleic acid-based drug
discovery platform, with the capability to deliver novel nucleic
acid-based therapeutics via systemic, local and oral
administration to target a wide range of human diseases, based on
the unique characteristics of the cells and organs involved in
each disease.

On June 1, 2012, the Company announced that, due to its financial
condition, it had implemented a furlough of approximately 90% of
its employees and ceased substantially all day-to-day operations.
Since that time substantially all of the furloughed employees have
been terminated.  As of Sept. 30, 2012, the Company had
approximately 11 remaining employees, including all of its
executive officers, all of whom are either furloughed or working
on reduced salary.  As a result, since June 1, 2012, its internal
research and development efforts have been minimal, pending
receipt of adequate funding.

Marina Biotech reported a net loss of $6.47 million on $500,000 of
license and other revenue for the year ended Dec. 31, 2014,
compared to a net loss of $1.57 million on $2.11 million of license
and other revenue in 2013.

As of March 31, 2016, Marina had $7.17 million in total assets,
$5.69 million in total liabilities and $1.48 million in total
stockholders' equity.

Wolf & Company, P.C., in Boston, Massachusetts, 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, has a significant accumulated
deficit and does not have sufficient capital to fund its
operations.  This raises substantial doubt about the Company's
ability to continue as a going concern.


MARION AVENUE: Exclusive Plan Filing Deadline Moved to July 27
--------------------------------------------------------------
The Hon. Hon. James L. Garrity, Jr., of the  U.S. Bankruptcy Court
for the Southern District of New York has extended, at the behest
of Marion Avenue Management LLC, the Debtor's exclusive periods to
file a plan of reorganization and solicit acceptances of the plan
for 60 days to July 27, 2016, and Sept. 26, 2017, respectively.

As reported by the Troubled Company Reporter on May 31, 2016, the
Debtor anticipates that a plan will be filed well before the
proposed extension expires.  While the Debtor believes that it is
unlikely that any other entity will seek to file a plan,
maintaining an orderly process is necessary, and the Debtor is
concerned that the case could become unsettled without an extension
of both exclusive periods.

Headquartered in New York, Marion Avenue Management LLC owns
certain commercial real property located at 314-326 East 194th
Street, Bronx, New York, with seven commercial tenants.  It filed
for Chapter 11 bankruptcy protection (Bankr. S.D.N.Y. Case No.
16-10213) on Jan. 29, 2016, listing $2.01 million in total assets
and $554,169 in total liabilities.  The petition was signed by Sion
Sohayegh, manager.

Judge James L. Garrity, Jr., presides over the case.

Ted Donovan, Jr., Esq., and Kevin J. Nash, Esq., at Goldberg Weprin
Finkel Goldstein LLP serve as the Debtor's bankruptcy counsel.


MC FLATBED: Has Until July 11 to Solicit Acceptance of Plan
-----------------------------------------------------------
The Hon. Carl. L. Bucki of the U.S. Bankruptcy Court for the
Western District of New York has entered a bridge order pending a
July 11, 2016 hearing on MC Flatbed and Towing Service Inc.'s
request for extension of the exclusive period within which to
obtain confirmation of a plan of reorganization and solicit votes.
The Court extended the Exclusive Period through and including July
11, 2016.

MC Flatbed and Towing Service Inc. filed for Chapter 11 bankruptcy
protection (Bankr. W.D.N.Y. Case No. 15-11561) on July 22, 2015.
Thomas Denny, Esq., at the Law Office of Thomas Denny serves as the
Debtor's bankruptcy counsel.


MCK MILLENIUM: Wants Plan Filing Deadline Moved to Oct. 21
----------------------------------------------------------
MCK Millennium Centre Retail LLC asks the U.S. Bankruptcy Court for
the Northern District of Illinois to extend the Debtor's
exclusivity and time to file its plan and disclosure statement
through and including Oct. 21, 2016.

The Debtor's exclusive period to file its plan ends on June 24,
2016.  Pursuant to subsequent court order, the plan and disclosure
statement deadlines were extended to June 27, 2016.

On May 13, 2016, a certain stipulation and interim order
authorizing cash collateral use.  Under the terms of that
agreement, the Debtor and lender MLMT 2005-MKB2 Millennium Centre
Retail LLC stipulated that the filing of a plan and disclosure
statement by the Debtor without the prior approval of the Lender
would terminate the authorization to use cash collateral.  Under
the terms of that agreement, the Debtor and the Lender also
stipulated that the Debtor must either sell or refinance its real
property by July 15, 2016.

The Debtor and Lender have negotiated the terms of a final cash
collateral order which extends the sale or refinancing deadline to
Oct. 14, 2016.

The Debtor believes that the best use of its time and resources at
this point in the case is to focus on working towards case
resolution by sale of the Debtor's real property or by refinancing
thereof, rather than focusing on negotiating a plan and disclosure
statement which will necessarily change over time as the means of
case resolution becomes certain.

The Debtor's counsel can be reached:

     Jonathan D. Golding, Esq.
     THE GOLDING LAW OFFICES, PC
     500 N. Dearborn Street, 2nd Floor
     Chicago, IL 60654
     Tel: (312) 832-7892
     Fax: (312) 755-5720
     E-mail: jgolding@goldinglaw.net

MCK Millennium Centre Realty, LLC, filed for Chapter 11 protection
(Bankr. N.D. Ill. Case No. 16-06369) on Feb. 25, 2016, and
disclosed $16.2 million in assets and $9.50 million in liabilities
as of the Petition Date.  The Debtor is represented by Jonathan D.
Golding, Esq., and Richard N. Golding, Esq., at The Golding Law
Offices, P.C.  The Debtor hired Kraft Law Office as its special
real estate counsel.  Lender MLMT 2005 MKB2 Millennium Centre
Retail LLC is represented by Leslie A. Bayles, Esq., and Donald A.
Cole, Esq., at Bryan Cave LLP.


MERIDIAN MEDICAL SYSTEMS: Court Junks Carr, et al.'s Appeal
-----------------------------------------------------------
Judge D. Brock Hornby of the United States District Court for the
District of Maine denied the motion for leave to appeal and
dismissed without prejudice the appeal captioned KENNETH CARR AND
APPLIED THERMOLOGIC, LLC, Appellants, v. JEFFREY CARR AND ROBERT
ALLISON, Appellees, v. MERIDIAN MEDICAL SYSTEMS, LLC, Appellee,
Civil No. 2:16-CV-38-DBH (D. Maine).

Appellant Kenneth requests leave to appeal the Bankruptcy Court's
Order not to abstain and remand the lawsuit to the Business and
Consumer Court.

The bankruptcy case is IN RE: MERIDIAN MEDICAL SYSTEMS, LLC,
CHAPTER 11 Debtor, K. Case No. 15-20640 PGC (Bankr. D. Maine).  The
KENNETH CARR AND APPLIED THERMOLOGIC, LLC, Appellants, v. JEFFREY
CARR AND ROBERT ALLISON, Appellees, v. MERIDIAN MEDICAL SYSTEMS,
LLC, Appellee, Adversary Case No. 15-2028 (Bankr. D. Maine).

A full-text copy of the Decision and Order dated June 10, 2016 is
available at https://is.gd/UvRanS from Leagle.com.

KENNETH CARR, Appellant, is represented by TIMOTHY J. BRYANT, Esq.
-- tbryant@preti.com -- PRETI, FLAHERTY, BELIVEAU, & PACHIOS, LLP.

JEFFREY CARR, Appellee, is represented by TIMOTHY J. MCKEON,
BERNSTEIN SHUR SAWYER & NELSON.

ROBERT ALLISON, Appellee, is represented by TIMOTHY J. MCKEON, Esq.
-- tmckeon@bernsteinshur.com -- BERNSTEIN SHUR SAWYER & NELSON.

MERIDIAN MEDICAL SYSTEMS LLC, Debtor, is represented by BRUCE B.
HOCHMAN, Esq. -- bhochman@eatonpeabody.com -- EATON PEABODY, ERICA
M. JOHANSON, Esq. -- ejohanson@eatonpeabody.com -- EATON PEABODY &
NEAL F. PRATT, Esq. -- npratt@eatonpeabody.com -- EATON PEABODY.


MID-STATES SUPPLY: Exclusive Plan Filing Deadline Moved to Sept. 6
------------------------------------------------------------------
The U.S. Bankruptcy Court for the Western District of Missouri has
extended, at the behest of Mid-States Supply Company Inc., the
exclusive period for the Debtor to file a plan of reorganization by
an additional 92 days, until Sept. 6, 2016, the exclusive period
for the Debtor to solicit acceptances of the plan by an additional
91 days, until Nov. 4, 2016.

As reported by the Troubled Company Reporter on May 31, 2016, the
Debtor contemplates filing a joint plan with the Official Committee
of Unsecured Creditors, and believes it will be in a position to do
so well before Sept. 6.  The Debtor says that it is seeking the
extensions to permit the Debtor the opportunity to work with the
Committee to propose a viable Plan and submit a comprehensive
Disclosure Statement.  

                  About Mid-States Supply Company

Founded and headquartered in Kansas City, Missouri, Mid-States
Supply Company, Inc., supplier of pipes, valves and fittings to
ethanol, pipeline and power industries in the United States, filed
a Chapter 11 bankruptcy petition (Bankr. W.D. Mo. Case No.
16-40271) on Feb. 7, 2016.  The petition was signed by Stuart Noyes
as chief restructuring officer.

The Debtor estimated both assets and liabilities in the range of
$50 million to $100 million. The Debtor has engaged Spencer Fane
LLP as counsel, Winter Harbor LLC as financial advisor, SSG
Advisors, LLC and Frontier Investment Banc Corporation as
investment bankers, Tarsus CFO Services, LLC as chief financial
officer services provider and Epiq Bankruptcy Solutions, LLC as
claims and noticing agent.

An official committee of unsecured creditors has been appointed in
the case and is represented by Marcus A. Helt, Esq., and Michael
S. Haynes, Esq., at Gardere Wynne Sewell LLP.


MIRARCHI BROTHERS: Hires Citrin Cooperman as Accountant
-------------------------------------------------------
Mirarchi Brothers, Inc., seeks authorization from the U.S.
Bankruptcy Court for the Eastern District of Pennsylvania to employ
Citrin Cooperman as Accountant.

The Debtor is not sufficiently familiar with the Standards for
Accounting Practices and requires the service of Citrin Cooperman
to:

     a. prepare on behalf of the Debtor federal, state and local
tax returns; and

     b. assist in preparation of quarterly and annual financial
statements.

Citrin Cooperman will be paid at these hourly rates:

      Partners                       $350-$465
      Other professionals            $180-$350

Kevin Ryan, CPA, partner with the accounting firm of Citrin
Cooperman, 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.

Citrin Cooperman may be reached at:

      Kevin Ryan, CPA
      Citrin Cooperman
      1800 JFK Boulevard
      Philadelphia, PA 19103
      Telephone: 215.545.4800
      Fax: 215.545.4810

                   About Mirarchi Brothers

Mirarchi Brothers, Inc., sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Pa. Case No. 16-12534) on April 8,
2016.  The petition was signed by Ralph Minarchi, Jr., president.
  The Debtor is represented by Albert A. Ciardi, III, Esq., at
Ciardi Ciardi & Astin, P.C.  The case is assigned to Judge Jean
K. FitzSimon.  The Debtor estimated both assets and liabilities in
the range of $1 million to $10 million.


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

Mo'Trees, LLC sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. N.D. Fla. Case No. 16-30442) on May 11, 2016.  The
petition was signed by James C. Moulton, manager.

The case is assigned to Judge Jerry C. Oldshue Jr. The Debtor is
represented by Richard Michael Colbert, Esq., at Richard M. Colbert
PLLC.

At the time of the filing, the Debtor disclosed $8.78 million in
total assets and $3.89 million in total liabilities.


MURPHY OIL: Fitch Affirms 'BB+' IDR, Outlook Revised to Negative
----------------------------------------------------------------
Fitch Ratings has affirmed Murphy Oil Corporation's (Murphy; NYSE:
MUR) Long-Term Issuer Default Rating (IDR) and unsecured debt
ratings at 'BB+'. The Rating Outlook is revised to Negative from
Stable.

The Negative Outlook reflects Fitch's concerns about longer term
liquidity and the possibility that the company may have to accept
accommodative bank and capital market terms in order to preserve
its financial flexibility. Fitch believes heightened liquidity
risks have resulted from the company's revolver going current (as
of June 14) and from bank syndicates' reduced willingness to manage
their oil & gas exposure in the current downcycle. The Outlook also
reflects a loss of operational momentum and potential for further
asset sales, concerns that could continue to result in reduced size
and scale under a lower-for-longer scenario.

Approximately $3.2 billion in debt, excluding capitalized leases,
is affected by today's rating action. A full list of rating actions
follows at the end of this release.

KEY RATING DRIVERS
Murphy's ratings are supported by its high exposure to liquids (66%
production and 64% of reserves, with a relatively high cut of crude
oil); historically strong full cycle netbacks; good operational
metrics, including robust reserve replacement and three-year
finding, development, and acquisition (FD&A) costs; operator status
on a majority of its properties which supports further capex
flexibility; and its position in the Eagle Ford, one of the premier
onshore shale plays in the U.S. and an anchor of future ratable
production growth for the company. These considerations are offset
by near- and longer-term liquidity concerns and the potential for
reduced size and scale in a lower-for-longer scenario.

Fitch recognizes that Murphy has taken a range of actions to
preserve its credit quality in response to the oil price downturn
including cutting capex, increasing hedges when possible, shoring
up liquidity through asset sales, and, most recently, cancelling
two deep water rig contracts. These actions were moderated by $250
million in share repurchases in 1H 2015 and the recent C$267
million purchase (approximately US$208 million; assuming $0.78
USD/CAD FX rate) of earlier-stage Duvernay and Montney properties
in Q2 2016, plus C$219 million (approximately US$171 million)
Duvernay carry over four to five years. Fitch believes that the
company's options for dealing with a lower-for-longer scenario have
narrowed, as additional sales are likely to involve higher quality
E&P assets and shrink the company further. Fitch views the
company's nearly $250 million in annual dividends as a potential
liquidity lever with reductions a distinct possibility.

The company reported an approximately 2% year-over-year increase in
net proved reserves of 774 million barrels of oil equivalent
(mmboe) at year-end 2015 mainly due to Eagle Ford and U.S. Gulf of
Mexico additions offset by Malaysia reductions largely related to
the sale of a 10% interest in January 2015. Production, however,
decreased approximately 8% year-over-year to nearly 208 thousand
boe per day (mboepd; approximately 61% crude oil) for the
year-ended 2015 primarily due to lower Malaysia production. This
results in a reserve life of about 10 years. First quarter 2016
production of nearly 197 mboepd, an approximately 11%
year-over-year decline, illustrates the effects of asset sales and
operational momentum loss, albeit higher than management's initial
expectations. Production is anticipated to continue declining
throughout the year to an annual average rate of 180-185 mboepd due
to reduced investment. Annual production will be further impacted
by the recently completed Syncrude asset sale (under 12 mboepd in
2015) and Duvernay and Montney transaction (approximately 4
mboepd). Liquids mix dropped to approximately 66% in 2015 from
around 67% in 2014.

Fitch-calculated unhedged cash netbacks declined year-over-year to
$18.44/boe, or approximately 59%, mainly due to the decline in oil
& gas prices. This unhedged cash netback profile is favorably above
the average of independent E&P peers largely related to advantaged
Malaysia oil & gas prices and manageable cost profile. Fitch
believes the company's Malaysia production sharing arrangements
(32% of total 2015 production) help mitigate the cash flow impacts
of lower prices, while its onshore North America plays provide
considerable financial and operational flexibility. Fitch also
expects management to step back from offshore exploration
activities medium term. However, Fitch recognizes that the Duvernay
and Montney's earlier-stage of development and Eagle Ford's
operational momentum loss will likely require time and capital to
achieve and/or re-establish their growth profiles.

Credit metrics have increased through-the-cycle due a combination
of lower oil & gas prices and, during Q1 2016, higher gross debt
levels. Debt/EBITDA increased year-over-year to 1.9x for yearend
2015 compared to 0.8x in 2014. The Fitch-calculated debt/LTM
EBITDA, debt/1p reserves, debt/proved developed (PD) reserves, and
debt/flowing barrel were approximately 2.5x, $4.43/boe, $7.16/boe,
and $17,442, respectively, as of March 31, 2016. These credit
metrics are generally consistent with or better than similarly
rated North American E&P peers.

MEASURED OUTSPEND, WIDER CASH FLOW METRICS FORECAST
Fitch's base case projects that Murphy will be approximately
$200-$300 million FCF negative in 2016. Fitch expects cash-on-hand
and proceeds from the nearly C$1.5 billion (approximately US$1.2
billion) in completed Canadian asset sales to be used to fund the
completed C$267 million (approximately US$208 million) Duvernay and
Montney purchase, cover the forecasted FCF shortfall, and repay
revolver borrowings.

The Fitch base case results in 2016 debt/EBITDA of approximately
2.7x. This year-over-year increase mainly reflects the declining
production profile and Fitch's lower oil & gas price assumptions.
Upstream credit metrics are expected to be improve incrementally
under Fitch's assumption that the company will fully repay the
credit facility with asset sale proceeds. The Fitch base case
forecasts that debt/EBITDA improves to 1.8x in 2018 with an
improvement in Fitch's oil & gas price assumptions and moderately
lower production.

Murphy has entered into 2016 swaps for approximately 22.5 mboepd,
or roughly 47%, of U.S. oil production and approximately 59 mcf/d,
or around 28%, of Western Canadian natural gas production. The
company reported a derivative asset value of nearly $66 million as
of March 31, 2016, which excludes the addition of 5 mboepd of WTI
swaps for the second half of 2016 at an average price of
$45.30/bbl.

KEY ASSUMPTIONS

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

-- WTI oil price that trends up from $35/barrel in 2016 to a
    long-term price of $65/barrel;
-- Henry Hub gas that trends up from $2.25/mcf in 2016 to a long-
    term price of $3.25/mcf;
-- Pro forma production of approximately 178 mboepd in 2016
    followed by a further decline in 2017 and a measured growth  
    profile thereafter;
-- Liquids mix declines to 62% followed by a relatively unchanged

    profile thereafter;
-- Capital spending of $620 million in 2016, consistent with
    management guidance, followed by a relatively balanced capital

    spending profile;
-- Net asset sale proceeds of approximately C$1.2 billion from
    completed transactions in 2016 and no additional sales over
    the forecast period;
-- Dividend reduction during 2016;
-- Repayment of existing borrowings under and successful
    renegotiation of credit facility;
-- $550 million unsecured note due 2017 refinanced.

RATING SENSITIVITIES

Positive: Future developments that may, individually or
collectively, lead to positive rating action include:

For an upgrade to 'BBB-':

-- Enhanced long-term liquidity profile, and;
-- Increased size and scale, as well as operational momentum
    improvement and capital allocation focus;
-- Mid-cycle debt/EBITDA under 2.0x on a sustained basis;
-- Debt/flowing barrel under $17,500-$20,000, debt/1p below
    $5.00-$5.50/boe, and/or debt/PD around $7.00-$7.50/boe on a
    sustained basis.

To resolve the Negative Outlook at 'BB+':

-- Execution of credit facility renewal and demonstrated ability
    to manage liquidity profile that alleviates longer-term
    concerns;
-- Establishment of a credit-conscious plan to address production

    declines and loss of operational momentum.

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

For a downgrade to 'BB':

-- Material deterioration in longer-term liquidity profile;
-- Additional material loss of size, scale, and operational
    momentum that requires considerable capital and time to
    remedy;
-- Debt/EBITDA above 2.5x-2.75x on a sustained basis;
-- Debt/flowing barrel over $22,500-$25,000, debt/1p below $6.00-
    $6.50/boe, and/or debt/PD around $8.00-$8.50/boe on a
    sustained basis.

LIQUIDITY, COVENANTS, AND MATURITY PROFILE

Cash and equivalents were approximately $423 million as of March
31, 2016, with the majority held in Malaysia ($289 million) and
Canada ($98 million). The company also had over $146 million in
Canadian government securities with maturities greater than 90
days. Net proceeds from the completed Canadian asset sales will
improve cash by approximately C$1.2 billion (nearly US$950
million). Additional liquidity is provided by the company's $2
billion senior unsecured credit facility (under $1 billion
available, including letters of credit, as of March 31, 2016) due
June 2017.

The main covenant on the revolver is a 60% debt-to-capitalization
ratio (approximately 36% at Dec. 31, 2015). Other covenant
restrictions include limitation on liens, limits on asset sales and
disposals, and limitations on mergers.

Murphy's maturity profile is manageable with the $550 million notes
due December 2017. There are no additional maturities until June
2022.

OTHER LIABILITIES

Murphy's defined pension benefit plan was underfunded by
approximately $273 million as of Dec. 31, 2015. Fitch believes that
the expected size of service costs and contributions is manageable
relative to mid-cycle fund flows from operations. Fitch also
recognizes that changes made to the U.S. plan in conjunction with
the 2013 spin-off of Murphy's retail marketing operation and the
U.K. benefits freeze upon disposal of the U.K. downstream assets
should help moderate future benefit obligations.

Asset retirement obligations (AROs) increased modestly
year-over-year to approximately $823 million as of March 31, 2016.
Other contingent obligations, as of Dec. 31, 2015, include
operating leases (over $83 million in expected 2016 payments;
majority linked to Malaysian offshore facilities), drilling rigs
and associated equipment (nearly $61 million in expected payments
through 2017 expiration; a portion will be paid working interest
partners), and U.S. and Canadian transportation and operating
service agreements (over $30 million in minimum monthly payments in
2016). The company was required to pay over $32 million in 2015
under the terms of its minimum volume transportation and operating
service agreements.

FULL LIST OF RATING ACTIONS

Fitch has affirmed Murphy's ratings as follows:

Murphy Oil Corporation
-- Long-Term IDR at 'BB+';
-- Senior unsecured notes at 'BB+/RR4';
-- Senior unsecured revolver at 'BB+/RR4'.

The Rating Outlook is revised to Negative from Stable.


NATIONAL BANK OF ANGUILLA: Files for Ch. 11 Bankruptcy Protection
-----------------------------------------------------------------
William Tacon, as the Court appointed administrator of National
Bank of Anguilla (Private Banking & Trust) Ltd., filed on behalf of
the Debtor a voluntary petition under Chapter 11 of the Bankruptcy
Code in the U.S. Bankruptcy Court for the Southern District of New
York.

As of April 25, 2016, the Debtor has ceased operating and accepting
new deposits.  The Debtor has no secured creditors and its only
material creditors are its 819 known depositors.  In its petition,
the Debtor listed $35 million in total assets and $37 million in
total liabilities.

The Debtor's operations (and another offshore bank, the Caribbean
Commercial Investment Bank Ltd.) have been placed under
administration pursuant to Section 31(2)(b) of the Financial
Services Commission Act, R.S.A. by the Eastern Caribbean Supreme
Court in the High Court of Justice Anguilla Circuit upon the
application of the Financial Services Commission in Anguilla, the
Debtor's regulator.  The Regulator filed the Appication after the
Debtor violated Section 30(2) of Trust Companies and Offshore
Banking Act, R.S.A. c. T60 due to its failure to provide the FSC,
on or before April 30, 2015, with audited accounts of its banking
business for the financial year ended Oct. 31, 2014.

Mr. Tacon has commenced legal proceedings in Anguilla against
National Commercial Bank of Anguilla Ltd., the successor-in-
interest to National Bank of Anguilla Ltd., the parent of the
Debtor, seeking the return of US$175 million funds that were
transferred to NBA.  Mr. Tacon alleged that the Debtor was rendered
insolvent by the transfer of those Funds.

The Debtor has hired Reed Smith, LLP and Weinberg Zareh &
Geyerhahn, LLP as counsel.

The Chapter 11 case is assigned to Judge Martin Glenn.

                    The Anguillian Proceeding

On Aug. 12, 2013, the Eastern Caribbean Central Bank, which was the
regulator of NBA, placed the affairs of NBA into conservatorship
pursuant to the Eastern Caribbean Central Bank Agreement Act.  As
of that date, the Debtor's affairs were conducted in accordance
with instructions given by, and under the management control of,
individuals appointed from time to time by the ECCB as conservators
of NBA (collectively, the "Conservator Directors").

According to Mr. Tacon, the Conservator Directors (acting on behalf
of the Debtor) permitted the transfer or payment to NBA of (i) all
monies denominated in U.S. Dollars received by the Debtor from
depositors and (ii) the proceeds of all assets of the Debtor
realized or collected, also denominated in U.S. Dollars.  The
Conservator Directors paid or otherwise transferred to NBA funds
equivalent to approximately US$175 million, which Funds were
deposited into an account in the United States at Bank of America.

On April 22, 2016, the ECCB appointed a receiver to NBA and, on
that date NBA ceased banking operations in Anguilla.  According to
a press release issued by the ECCB, NBA's banking operations were
transferred on April 22, 2016, to a newly established bank, NCBA,
which is understood to be wholly-owned by the Government of
Anguilla.

"I believe that the Debtor did not receive reasonably equivalent
value in exchange for the transfer of the Funds and the Debtor was
insolvent (or was rendered insolvent) by the transfer of the Funds
to NBA.  I have commenced legal proceedings in Anguilla against
NCBA for the return of this money and sought leave of the court in
Anguilla to commence an identical proceeding against NBA," Mr.
Tacon said.

                          Chapter 15 Case

On May 26, 2016, Mr. Tacon filed, inter alia, a verified Chapter 15
petition for recognition of a foreign proceeding in the U.S.
Bankruptcy Court for the Southern District of New York for
recognition of the Anguillian proceeding as a "foreign main
proceeding," thereby commencing Chapter 15 Case No. 16-11529(MG).

By an Order Granting Verified Petition for Recognition of Foreign
Proceeding under Chapter 15 and Motion in Support of Verified
Petition and for Related Relief, the Bankruptcy Court recognized
(a) the Anguillian proceeding as a "foreign main proceeding" and
(b) Mr. Tacon as the Debtor's foreign representative.

The Recognition Order further provides, inter alia, that the
Administrator is entitled to conduct discovery, examine witnesses,
seek and take evidence, and obtain information concerning the
Debtor's assets, affairs, rights, obligations, or liabilities
pursuant to Section 1521(a)(4) of the Bankruptcy Code.


NATIONAL BANK OF ANGUILLA: Seeks to Shield Client Names in Ch. 11
-----------------------------------------------------------------
Tiffany Kary, writing for Bloomberg News, reported that lawyers
seeking to recover $175 million for clients of a bankrupt Caribbean
offshore bank are asking a U.S. judge to grant those customers the
same confidentiality protections a court extended to people
claiming clergy sex abuse.

According to the report, U.S. Bankruptcy Judge Martin Glenn will
weigh the matter when he considers whether the private-client unit
of the National Bank of Anguilla can keep its customers' names
secret while it tries to get their money back.  Creditors typically
must be identified in U.S. bankruptcies, the report said.

The National Bank of Anguilla's private banking and trust division
of filed for Chapter 11 bankruptcy in New York and is asking for
permission to investigate its parent, as well as the National
Commercial Bank of Anguilla, which took over its banking business,
and the Eastern Caribbean Central Bank, the report related.

The case arises as U.S. authorities are lifting the veil that has
long obscured the identities of offshore banking clients, including
customers of Swiss banks seeking to hide their assets from tax
collectors, the report further related.  The report noted that this
year's leak of the so-called Panama Papers -- a trove of documents
from a law firm specializing in setting up offshore companies --
has shed further light on the financial arrangements of people who
would rather pass unnoticed.

National Bank of Anguilla (Private Banking & Trust) Ltd., filed a
Chapter 11 Petition on June 22, 2016 (Bankr. S.D.N.Y. Case No.
16-11806), and is represented by James C. McCarroll, Esq., Jordan
W. Siev, Esq., and Kurt F. Gwynne, Esq., at Reed Smith, LLP, in New
York; and Omid Zareh, Esq., at Weinberg Zareh & Geyerhahn, LLP, in
New York.  At the time of filing, the Debtor had $10 million to $50
million in  estimated assets and $10 million to $50 million in
estimate debts.  The Chapter 11 petition was signed by William
Tacon, administrator.

William Tacon, in his capacity as Administrator and Foreign
Representative, filed a Chapter 15 Petition for National Bank of
Anguilla (Private Banking & Trust) Ltd. on May 26, 2016 (Bankr.
S.D.N.Y. Chapter 15 Case No. 16-11529).


NEIMAN MARCUS: Bank Debt Trades at 10% Off
------------------------------------------
Participations in a syndicated loan under which Neiman Marcus Group
Inc is a borrower traded in the secondary market at 89.61
cents-on-the-dollar during the week ended Friday, June 24, 2016,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents an increase of 0.58 percentage points from the
previous week.  Valeant Pharmaceuticals pays 300 basis points above
LIBOR to borrow under the $2.9 billion facility. The bank loan
matures on Oct. 16, 2020 and carries Moody's B2 rating and Standard
& Poor's B- rating.  The loan is one of the biggest gainers and
losers among 247 widely quoted syndicated loans with five or more
bids in secondary trading for the week ended June 24.


NEWLEAD HOLDINGS: Time Charter for MT Newlead Granadino Extended
----------------------------------------------------------------
NewLead Holdings Ltd. announced that the charterer of MT Newlead
Granadino has exercised its second option to extend the existing
contract for an additional six months.  The second extension is
expected to commence at the end of July 2016.  Thereafter, the
charterer has the option to extend the existing contract for an
additional six month period.

The Newlead Granadino is a 2009-built bitumen tanker vessel of
5,887 dwt and is one of the five bitumen tanker vessels that were
delivered to NewLead's fleet in 2014.

As previously announced, on Sept. 15, 2015, NewLead had entered
into a time charter contract for the Newlead Granadino for a
minimum of six months with the charterer's option to extend the
contract at the end of the first six months for additional six
month periods up to a maximum of eighteen months.

The Newlead Granadino is currently trading in North America and the
Caribbean.  The Vessel has all oil major approvals required to
trade among the major refineries in these trading areas.  The
Newlead Granadino has transported 456,128 and 424,098 barrels of
bitumen in 2014 and 2015, respectively.

NewLead's bitumen fleet utilization for 2015 was 92.7% and the
operating revenue from bitumen tanker vessels was approximately
$15.7 million for the year ended Dec. 31, 2015, compared to
approximately $1.35 million for the year ended Dec. 31, 2014. The
utilization of the Newlead Granadino was 100% and 92.7% in 2014 and
2015, respectively.

Mr. Michael Zolotas, chairman and chief executive officer of
NewLead, stated, "The second extension of the current contract of
Newlead Granadino reflects the satisfaction of the charterer by the
operational performance of the Vessel amongst some of the most
demanding trade routes and petroleum refineries of the world, as
well as by NewLead's competitive and efficient management of its
bitumen tanker vessels."

Mr. Zolotas, added, "NewLead's strategy to become a leading bitumen
marine transportation company is supported by the charterer's
presented confidence in the commercial, operational and technical
management of the Company."

Mr. Zolotas, concluded: "We will continue to invest in the bitumen
tanker sector both through maintaining our bitumen tanker vessels
in the topmost operational condition, as well as through our
intention to add new bitumen tanker vessels to our fleet soon.  We
are currently exploring joint venture opportunities with major oil
refineries and traders in order to be able to develop further in
the bitumen tanker sector."

A complete list of NewLead's fleet as of June 22, 2016, is
available for free at https://is.gd/v05GPb

                 About NewLead Holdings Ltd.

NewLead Holdings Ltd. -- http://www.newleadholdings.com/-- is an
international, vertically integrated shipping company that owns and
manages product tankers and dry bulk vessels.  NewLead currently
controls 22 vessels, including six double-hull product tankers and
16 dry bulk vessels of which two are newbuildings.  NewLead's
common shares are traded under the symbol "NEWL" on the NASDAQ
Global Select Market.

NewLead Holdings reported a net loss attributable to the Company's
common shareholders of US$97.1 million on US$27.8 million of
revenues for the year ended Dec. 31, 2015, compared to a net loss
attributable to Holdings' common shareholders of US$100 million on
US$12.07 million of revenues for the year ended Dec. 31, 2014.

As of Dec. 31, 2015, NewLead had US$122 million in total assets,
US$297 million in total liabilities, and a total shareholders'
deficit of US$175 million.

EisnerAmper LLP, in New York, New York, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2015, citing that the Company has incurred a net
loss and utilized cash in operating activities for the year ended
December 31, 2015 and as of December 31, 2015, has both a working
capital deficiency and shareholders' deficit and, in addition, is
in default on a significant portion of its outstanding obligations.
All such events and conditions raise substantial doubt about the
Company's ability to continue as a going concern.


NORTHWEST PEDIATRIC: Wants Plan Filing Deadline Moved to Oct. 5
---------------------------------------------------------------
Northwest Pediatric Services S.C. asks the U.S. Bankruptcy Court
for the Northern District of Illinois to extend the exclusive
period for the Debtor to file its plan of reorganization and
disclosure statement through and including Oct. 5, 2016, and the
exclusive date to solicit acceptances of the plan through and
including Dec. 13, 2016.

A hearing on the Debtor's request is set for June 29, 2016, at 9:30
a.m.

Pursuant to a May 6, 2016 court order, the Debtor has until July
18, 2016, to file its plan of reorganization and disclosure
statement.  A status hearing was set for July 20, 2016, at 10:00
a.m.

The exclusive period by which the Debtor only may file a plan of
reorganization and disclosure statement expires on July 6, 2016,
and the exclusive period by which the Debtor only may gain
acceptances to a plan of reorganization expires on Sept. 14, 2016.

The Debtor was in the process of compiling financial information in
connection with its plan of reorganization, when the Debtor's
financial consultant, Larry Kammes, who was employed and paid by a
third party entity, became critically ill and subsequently passed
away on June 17, 2016.

The Debtor is making good faith progress in formulating a plan of
reorganization.  The Debtor is paying its bills as they become due,
all operating reports have been timely filed and all quarterly
trustee fees have been timely paid.  Good cause also exists in the
disruption caused by Mr. Kammes' unfortunate passing.

The Debtor's counsel can be reached at:

     Scott R. Clar, Esq.
     Brian P. Welch, Esq.
     Crane, Heyman, Simon, Welch & Clar
     135 South LaSalle Street, Suite 3705
     Chicago, IL 60603
     Tel: (312) 641-6777
     E-mail: sclar@craneheyman.com
             bwelch@craneheyman.com

Headquartered in Elgin, Illinois, Northwest Pediatric Services S.C.
dba Kid Care Medical S.C. filed for Chapter 11 bankruptcy
protection (Bankr. N.D. Ill. Case No. 16-09373) on March 18, 2016,
estimating its assets at between $100,000 and $500,000 and its
liabilities at between $1 million and $10 million.  The petition
was signed by Orawan Sukavachana, M.D., president.  Judge
Jacqueline P. Cox presides over the case.  Scott R Clar, Esq., at
Crane, Heyman, Simon, Welch & Clar serves as the Debtor's
bankruptcy counsel.

On Feb. 29, 2012, the Debtor filed for Chapter 11 bankruptcy
protection (Bankr. N.D. Ill. Case No. 12-07777).  On May 22, 2013,
the Debtor confirmed its Third Plan of Reorganization.  IRS and IDR
were secured and priority unsecured creditors in the previous
Chapter 11 case.  Under the terms of the Plan, IRS and IDR were to
be given 20 payments over a five-year period.  Each payment to the
IRS was to be approximately $138,000.


OLD TAMPA BAY: 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 Old Tampa Bay Seafood Company, LLC.

Headquartered in Saint Petersburg, Florida, Old Tampa Bay Seafood
Company, LLC, dba I.C. Sharks filed for Chapter 11 bankruptcy
protection (Bankr. M.D. Fla. Case No. 16-04576) on May 26, 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 Brian Storman, managing member.  Jake C Blanchard, Esq.,
at Blanchard Law, P.A., is representing the Debtor.


PACIFIC SUNWEAR: Court Certifies PAGA Claimants' Class Suit
-----------------------------------------------------------
In the case captioned In re: PACIFIC SUNWEAR OF CALIFORNIA, INC., a
California corporation, et al., Debtors, Case No. 16-10882
(LSS)(Jointly Administered)(Bankr. D. Del.), Judge Laurie Selber
Silverstein of the United States Bankruptcy Court for the District
of Delaware granted in part and denied, in part, the motion of the
class and California Labor Code Private Attorneys General Act
(PAGA) claimants for leave to file class proof of claim.

By the motion, Charles Pfeiffer and Tamaree Beeney sought
permission to file proofs of claim in a representative capacity.

First, Judge Silverstein concluded that there is no need to approve
any claims brought under the PAGA.  Second, the Judge certified the
following:

          Class: All hourly, non-exempt employees of PacSun
          working in retail locations in the State of California
          from March 18, 2007 through the 181st day prior to the
          filing of the bankruptcy petition concerning Ms.
          Beeney's claims for:

          (a) failing to authorize and permit employees to take
              duty-free breaks every four hours or major fraction
              thereof and to compensate employees therefor; and

          (b) requiring employees to undergo security checks and
              perform closing duties off-the-clock without
              compensation.

A full-text copy of Judge Silverstein's June 22, 2016 order is
available at http://bankrupt.com/misc/deb16-10882-487.pdf.

                    About Pacific Sunwear of California

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

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

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

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


PATRIOT FLOORING: Case Summary & 2 Unsecured Creditors
------------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

       Debtor                                      Case No.
       ------                                      --------
       Patriot Flooring Supplies, Inc.             16-18984
       342 Pike Rd, Suite 14
       West Palm Beach, FL 33411

       Ponypic, LLC                                16-18986
       342 Pike Road, Suite 14
       West Palm Beach, FL 33411

Chapter 11 Petition Date: June 24, 2016

Court: United States Bankruptcy Court
       Southern District of Florida (West Palm Beach)

Judge: Hon. Erik P. Kimball

Debtors' Counsel: Eric A Rosen, Esq.
                  FOWLER WHITE BURNETT, P.A.
                  515 North Flagler Drive, Suite 2100
                  West Palm Beach, FL 33401
                  Tel: (561) 802-9044
                  Fax: (561) 209-7767
                  E-mail: erosen@fowler-white.com

Patriot Flooring's Total Assets: $3.61 million

Patriot Flooring's Total Liabilities: $4.03 million

The petition was signed by Steven Hart, president.

A copy of Patriot Flooring's list of 20 largest unsecured creditors
-- which contains just two entries -- is available for free at
http://bankrupt.com/misc/flsb16-18984.pdf


PORTER BANCORP: 2006 Stock Plan Merged with 2016 Equity Plan
------------------------------------------------------------
Effective upon approval by the shareholders of Porter Bancorp, Inc.
on May 25, 2016, the Porter Bancorp 2006 Stock Incentive Plan, as
amended, was merged with and into the Porter Bancorp 2016 Omnibus
Equity Compensation Plan.  No additional shares were authorized for
issuance under either the 2016 Plan or the 2006 Plan as a result of
the merger of the two plans.  

The total aggregate number of common shares that may be issued or
transferred under the 2016 Plan is the sum of the following: (i)
the 303,592 common shares remaining available for issuance under
the 2006 Plan but not subject to an outstanding award and not
previously exercised, vested or paid as of May 25, 2016, plus (ii)
the number of common shares subject to outstanding grants under the
2006 Plan as of May 25, 2016 (with shares subject to forfeited
awards or withheld in cashless exercises or to pay withholding
again becoming available for issuance).

Outstanding grants under the 2006 Plan will continue in effect
according to their terms as in effect before the merger of the two
plans, and the shares with respect to outstanding grants under the
2006 Plan will be issued or transferred under the 2016 Plan.  No
new grants will be made under the 2006 Plan.

This registration statement was originally filed on May 31, 2013,
to register 800,000 additional shares authorized for issuance under
the Porter Bancorp, Inc.  A separate registration statement was
filed March 13, 2015, to register 300,000 additional shares
authorized for issuance under the Porter Bancorp, Inc. Amended and
Restated 2006 Stock Incentive Plan.

                       About Porter Bancorp

Porter Bancorp, Inc., is a bank holding company headquartered in
Louisville, Kentucky.  Through its wholly-owned subsidiary PBI
Bank, the Company operates 18 full-service banking offices in
12 counties in Kentucky.

Porter Bancorp reported a net loss of $3.21 million on $36.57
million of interest income for the year ended Dec. 31, 2015,
compared to a net loss of $11.15 million on $39.51 million of
interest income for the year ended Dec. 31, 2014.

As of March 31, 2016, Porter Bancorp had $938 million in total
assets, $904 million in total liabilities and $34.6 million in
total stockholders' equity.

The Company's auditor Crowe Horwath, LLP, in Louisville, Kentucky,
issued a "going concern" qualification on the consolidated
financial statements for the year ended Dec. 31, 2015, citing that
"the Company has incurred substantial losses in 2015, 2014 and
2013, largely as a result of asset impairments resulting from the
re-evaluation of fair value and ongoing operating expenses related
to the high volume of other real estate owned and non-performing
loans.  In addition, the Company's bank subsidiary is not in
compliance with a regulatory enforcement order issued by its
primary federal regulator requiring, among other things, increased
minimum regulatory capital ratios as well as being involved in
various legal proceedings in which the Company disputes material
factual allegations against the Company.  Additional losses,
adverse outcomes from legal proceedings or the continued inability
to comply with the regulatory enforcement order may result in
additional adverse regulatory action.  These events raise
substantial doubt about the Company's ability to continue as a
going concern."


POSITIVEID CORP: Closes $143,000 SPA with Crossover Capital
-----------------------------------------------------------
On June 22, 2016, PositiveID Corporation closed a Securities
Purchase Agreement with Crossover Capital Fund I, LLC, dated June
17, 2016, providing for the purchase of two Convertible Redeemable
Notes in the aggregate principal amount of $143,000, with the first
note having an original principal balance of $71,500 and the second
note having an original principal balance of $71,500.  Crossover
Note I has been funded, with the Company receiving net proceeds of
$65,000 (net of original issue discount).  With respect to
Crossover Note II, Crossover issued a secured note to the Company
in the same amount as initial payment for Crossover Note II.

The funding of Crossover Note II is subject to certain conditions
as described in the Crossover Secured Note, including that the
Company meets the "current information requirements" of Rule 144
promulgated under the Securities Act of 1933, as amended. Crossover
is required to pay the principal amount of the Crossover Secured
Note in cash and in full prior to executing any conversions under
Crossover Note II.  The Crossover Notes bear an interest rate of
10%, which is payable in the Company's common stock based on the
Conversion Formula, and are due and payable before or on June 17,
2017, provided that the holder of the Crossover Notes may at any
time send in a notice of conversion to the Company for Interest
Shares and the dollar amount converted into Interest Shares shall
be all or a portion of the accrued interest calculated on the
unpaid principal balance of the applicable note on the date of such
notice.  The Crossover Notes (subject to funding in the case of
Crossover Note II) may be converted by Crossover at any time into
shares of Company's common stock at a price equal to the lower of
(i) $0.022 per share or (ii) a 37.5% discount to the lowest closing
bid price of the Company's common stock as reported on the OTCQB
for the 15 prior trading days including the day upon which a notice
of conversion is received by the Company or its transfer agent
(provided such notice of conversion is delivered to the Company or
its transfer agent after 4 p.m. Eastern Standard Time if the holder
wishes to include the same-day closing price).  Crossover Note II
requires full payment of the Crossover Secured Note to the Company
by Crossover before conversions may be made.

The Crossover Notes are long-term debt obligations that are
material to the Company.  The Crossover Notes may be prepaid in
accordance with the terms set forth in the Crossover Notes. The
Crossover Notes also contain certain representations, warranties,
covenants and events of default including if the Company is
delinquent in its periodic report filings with the Securities and
Exchange Commission, and increases in the amount of the principal
and interest rates under the Crossover Notes in the event of such
defaults.  In the event of default, at the option of Crossover and
in Crossover's sole discretion, Crossover may consider the
Crossover Notes immediately due and payable.

                      About PositiveID

Delray Beach, Fla.-based PositiveID Corporation has historically
developed, marketed and sold RFID systems used for the
identification of people in the healthcare market.  Beginning in
early 2011, the Company has focused its strategy on the growth of
its HealthID business, including the continued development of its
GlucoChip, its Easy Check breath glucose detection device, its
iglucose wireless communication system, and potential strategic
acquisition opportunities of businesses that are complementary to
its HealthID business.

PositiveID reported a net loss attributable to common stockholders
of $11.5 million on $2.94 million of revenues for the year ended
Dec. 31, 2015, compared with a net loss attributable to common
stockholders of $8.22 million on $945,000 of revenues for the year
ended Dec. 31, 2014.

As of March 31, 2016, PositiveID had $3.61 million in total assets,
$17.9 million in total liabilities, and a total stockholders'
deficit of $14.3 million.

Salberg & Company, P.A., in Boca Raton, Florida, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the Company reported a
net loss, and used cash for operating activities of approximately
$11,404,000 and $4,507,000 respectively, in 2015.  At Dec. 31,
2015, the Company had a working capital deficiency, a stockholders'
deficit and an accumulated deficit of approximately $10,694,000,
$11,842,000 and $144,161,000 respectively.  These matters raise
substantial doubt about the Company's ability to continue as a
going concern.


QVL PHARMACY: Unsecureds May Recoup Up to 28% Under Plan
--------------------------------------------------------
QVL Pharmacy Holdings, Inc., filed with the U.S. Bankruptcy Court
for the District of Massachusetts its Chapter 11 plan and
disclosure statement on June 7, 2016.

The Debtor has negotiated with White Winston Select Asset Funds
LLC, the Debtor's senior secured creditor, and has obtained its
agreement as to the following:

     (a) a limited release of all liens held by White Winston on
all of the Debtor's pre-Petition Date Accounts Receivable -- which
has a face value of $754,324 -- to allow the Debtor to use the
proceeds from these Accounts Receivable to fund the payments to be
made under the Plan;  

     (b) the transfer of all Accounts Receivable to a Trust to be
created for the benefit of all General Unsecured Creditors under
the Plan, and White Winston also agreed to permit the Debtor to
include those unpaid amounts due from the customers of the Debtor's
former Dallas, Texas pharmacy which had been sold to a third party
in 2014 under a transaction financed by White Winston and which
obligations have been foreclosed by White Winston;

     (c) a payment to the Liquidating Trust to be made by White
Winston on or about the date of the first anniversary of the
Confirmation Date equal to the difference between (i) 15% of the
Accounts Receivable, and (ii) the amount of Accounts Receivable
collected by the Liquidating Trust by that date (but in no event
shall the payment exceed $100,000; and

     (d) exit funding of $250,000 to be extended by (i) the holder
of the Allowed Class 1B Interests to the Debtor under the terms of
either an existing or a new Credit Facility on the Effective Date;
and (ii) the holders of the Equity Interests to fund the payment of
the Debtor's post-petition obligations, the Administrative
Expenses, the Allowed Priority Claims of the Case, the Reorganized
Debtor's operations going forward, and the Debtor's development of
a software product based upon the Debtor's intellectual property.

The Debtor has 22 Creditors holding General Unsecured Claims
totaling $2,349,651.06. The Debtor intends to object to Claim Nos.
29-32 and No. 27.  If those objections are successful, the total of
General Unsecured Claims would be reduced to $401,585.37.  The
Holders of General Unsecured Claims are primarily trade Creditors
who supplied goods and services to the Debtor's now closed retail
pharmacies, and amounts due to various professionals and others.

Under the Plan, the Allowed Class 3 Unsecured Claims -- $401,585.37
in (estimated) total -- will be paid a Pro Rata Share of an
estimated $113,150 distribution. The foregoing estimate is based on
a 15% recovery by the Liquidating Trust on the Accounts Receivable
(15% of $754,324).

A copy of the Disclosure Statement is available at:

           http://bankrupt.com/misc/mab15-14983-0069.pdf

QVL Pharmacy Holdings, Inc., based in Boston, Massachusetts, filed
a Chapter 11 petition (Bankr. D. Mass. Case No. 15-14983) on
December 29, 2015.  Prior to the Petition Date, the Debtor operated
a chain of retail pharmacies in Texas and Louisiana specializing in
hard-to-find medications (including controlled medications) and
dispensing written prescriptions. By December 31, 2014, the Debtor
had closed or sold all of its operating pharmacies and now has a
plan to develop its intellectual property and knowhow into a
software product for sale or license to retail pharmacies.

In its petition, the Debtor estimated $10 million to $50 million in
both assets and liabilities.  The petition was signed by Chad
Collins, director.

The Hon. Frank J. Bailey presides over the case.  The Debtor is
represented by:

          Stephen F. Gordon, Esq.
          Todd B. Gordon, Esq.
          Katherine P. Lubitz, Esq.
          THE GORDON LAW FIRM LLP
          River Place
          57 River Street
          Wellesley, MA 02481
          Tel: (617) 261-0100
          Email: sgordon@gordonfirm.com
                 tgordon@gordonfirm.com
                 klubitz@gordonfirm.com

The Debtor has tapped as CRO:

          Robert P. Mahoney, Chief Restructuring Officer
          Hillcrest Capital
          929 White Plains Road, Suite #305
          Trumbull, CT 06611
          Facsimile: (203) 549-0592
          Email: rmahoney@hillcrestco.com

No Official Committee of Unsecured Creditors was appointed in this
case.


REPUBLIC AIRWAYS: Court Sets July 22 as General Claims Bar Date
---------------------------------------------------------------
The Hon. Sean H. Lane, of the U.S. Bankruptcy Court for the
Southern District of New York granted the request of Republic
Airways Holdings Inc., et al. to establish deadlines by which
proofs of claim based on prepetition debts or liabilities against
any of the Debtors must be filed.

The Court set:

   (a) July 22, 2016, at 4:00 p.m. (Eastern Time) as the General
       Bar Date; and

   (b) August 23, 2016, at 4:00 p.m. (Eastern Time) as the
       Governmental Bar Date.

Judge Lane also approved the Debtors' proposed Proof of Claim Form,
Bar Date Notice and Publication Notice, and notice and publication
procedures.

                    About Republic Airways

Based in Indianapolis, Indiana, Republic Airways Holdings Inc.,
(OTCMKTS:RJETQ) owns Republic Airline and Shuttle America
Corporation. Republic Airline and Shuttle
America -- http://www.rjet.com/-- offer approximately 1,000
flights daily to 105 cities in 38 states, Canada, the Caribbean and
the Bahamas through Republic's fixed-fee codeshare agreements under
our major airline partner brands of American Eagle, Delta
Connection and United Express. The airlines currently employ about
6,000 aviation professionals.

Republic Airways Holdings Inc. and six affiliated debtors each
filed a voluntary petition for relief under Chapter 11 of the
United States Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No.
16-10429) on Feb. 25, 2016.  The petitions were signed by Joseph P.
Allman as senior vice president and chief financial officer. Judge
Sean H. Lane has been assigned the cases.

As of Jan. 31, 2016, on a consolidated basis, Republic had assets
and liabilities of $3,561,000,000 and $2,971,000,000 (unaudited),
respectively.

Zirinsky Law Partners PLLC and Hughes Hubbard & Reed LLP are
serving as Republic's legal advisors in the restructuring.  Seabury
Group LLC is serving as financial advisor.  Deloitte & Touche LLP
is the independent auditor.  Prime Clerk is the claims and noticing
agent.

The U.S. Trustee for Region 2 appointed seven creditors of Republic
Airways Holdings Inc. to serve on the official committee of
unsecured creditors.  The Committee retained Morrison & Foerster
LLP as attorneys and Imperial Capital, LLC, as investment banker
and co-financial advisor.


RESIDENTIAL CAPITAL: Trust Reaches Settlements with Lenders
-----------------------------------------------------------
The ResCap Liquidating Trust on June 23, 2016, disclosed that,
since the close of the last quarter on March 31, 2016, it has
entered into settlement agreements related to eleven pending
indemnity and breach of contract actions against correspondent
lenders of Residential Funding Company LLC ("RFC").  Settling
defendants are DB Structured Products, Inc., on behalf of itself
and as successor to MortgageIT, Inc., Gateway Bank F.S.B., Circle
Mortgage Corp., Broadview Mortgage Corp., Fremont Bank, The
Mortgage Outlet, Inc., Mortgage Network, Inc., CMG Mortgage, Inc.,
First Equity Mortgage Bankers,Inc., Americash and Wallick & Volk.

Mitchell Sonkin, Chairman of the Board stated, "We are pleased that
the Trust has been able to achieve the settlements.  The Trust
intends to continue to vigorously pursue other pending
correspondent lender actions in order to maximize recoveries for
unitholders."

                 About the ResCap Liquidating Trust

The ResCap Liquidating Trust was established under the Second
Amended Joint Chapter 11 Plan of Residential Capital, LLC et al.
for the purpose of liquidating and distributing the assets of the
debtors in the bankruptcy case.


                   About Residential Capital

Residential Capital LLC, the unprofitable mortgage subsidiary of
Ally Financial Inc., filed for bankruptcy protection (Bankr.
S.D.N.Y. Lead Case No. 12-12020) on May 14, 2012.  Neither Ally
Financial nor Ally Bank is included in the bankruptcy filings.

ResCap, one of the country's largest mortgage originators and
servicers, was sent to Chapter 11 with 50 subsidiaries amid
"continuing industry challenges, rising litigation costs and
claims, and regulatory uncertainty," according to a company
statement.

ResCap disclosed $15.7 billion in assets and $15.3 billion in
liabilities at March 31, 2012.

Centerview Partners LLC and FTI Consulting are acting as financial
advisers to ResCap.  Morrison & Foerster LLP is acting as legal
adviser to ResCap.  Curtis, Mallet-Prevost, Colt & Mosle LLP is
the conflicts counsel.  Rubenstein Associates, Inc., is the public
relations consultants to the Company in the Chapter 11 case.
Morrison Cohen LLP is advising ResCap's independent directors.
Kurtzman Carson Consultants LLP is the claims and notice agent.

Ray C. Schrock, Esq., at Kirkland & Ellis LLP, in New York, serves
as counsel to Ally Financial.

ResCap sold most of the businesses for a combined $4.5 billion.
The Bankruptcy Court in November 2012 approved ResCap's sale of its
mortgage servicing and origination platform assets to Ocwen Loan
Servicing, LLC and Walter Investment Management Corporation for $3
billion; and its portfolio of roughly 50,000 whole loans to
Berkshire Hathaway for $1.5 billion.

Judge Martin Glenn in December 2013 confirmed the Joint Chapter 11
Plan co-proposed by Residential Capital and the Official Committee
of Unsecured Creditors.


RIVERSIDE GENERAL: 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 Riverside General Hospital, Inc.

Riverside General Hospital, Inc. sought protection under Chapter 11
of the Bankruptcy Code (Bankr. S.D. Tex. Case No. 16-30603) on
February 1, 2016.  The Debtor is represented by James Q. Pope,
Esq., at The Pope Law Firm.


ROBERT SPENLINHAUER: Must File Amended Opening Brief by June 27
---------------------------------------------------------------
Judge F. Dennis Saylor, IV, of the United States District Court for
the District of Massachusetts granted the U.S. Trustee's emergency
motion to strike Robert J. Spenlinhauer's opening brief in his
appeal of the United States Bankruptcy Court for the District of
Massachussetts' decision to appoint William K. Harrington as a
Chapter 11 Trustee.

Judge Saylor found that Spenlinhauer's opening brief, filed on June
14, 2016, did not cite to the bankruptcy record, nor was it
accompanied by an appendix containing relevant excerpts of the
record.  The judge ordered Spenlinhauer to file an amended opening
brief and appendix that complies with all federal and local rules
by June 27, 2016.

The bankruptcy case is In re ROBERT J. SPENLINHAUER, individually
and as trustee and beneficiary of RJS REALTY TRUST, C.C. CANAL
REALTY TRUST, and CLASSIC AUTO REALTY TRUST, Debtor, No.
13-17191-JNF (Bankr. D. Mass.).

The appealed case is ROBERT J. SPENLINHAUER, Appellant, v. WILLIAM
K. HARRINGTON, United States Trustee for Region 1, Appellee,
Bankruptcy Appeal No. 15-14223-FDS (D. Mass.).

A full-text copy of Judge Saylor's June 16, 2016 order is available
at https://is.gd/qc9pTX from Leagle.com.

Robert J. Spenlinhauer, Individually and as Trustee and Beneficiary
of RJS Realty Trust, Trustee and Beneficiary of C.C. 'Canal Realty
Trust, Trustee an Beneficiary of Classic Auto Realty Trust is
represented by:

          Gary W. Cruickshank, Esq.
          LAW OFFICE OF GARY W. CRUICKSHANK
          21 Custom House St., Ste. 920
          Boston, MA 02110-3507

Cooperative Bank of Cape Cod is represented by:

          Alex Michael Rodolakis, Esq.
          FLETCHER TILTON, PC
          1597 Falmouth Road
          Centerville, MA 02632
          Tel: (508)815-2500
          Fax: (508)459-8300
          Email: arodolakis@fletchertilton.com

U.S. Trustee William K. Harrington is represented by:

          Eric K. Bradford, Esq.
          U.S. DEPARTMENT OF JUSTICE
          Office of the United States Trustee
          5 Post Office Square, Suite 1000
          Boston, MA 02109-3934
          Tel: (617)788-0400
          Fax: (617)565-6368

Paula Bachtell is represented by:

          Paula R.C. Bachtell, Esq.
          DEPARTMENT OF JUSTICE
          John W. McCormack Post Office
          5 Post Office Square, 10th Fl
          Boston, MA 02109-3934
          Tel: (617)788-0406
          Fax: (617)565-6368

Lynne Riley is represented by:

          Lynne F. Riley, Esq.
          CASNER & EDWARDS
          303 Congress Street
          Boston, MA 02210
          Tel: (617)426-5900
          Fax: (617)426-8810
          Email: riley@casneredwards.com


ROSETTA GENOMICS: Annual General Meeting Set for August 1
---------------------------------------------------------
Rosetta Genomics Ltd. notified the Securities and Exchange
Commission that an annual general meeting of its shareholders will
be held at the Philadelphia offices of the Company at 3711 Market
St. Suite 740, Philadelphia, PA 19104, on Aug. 1, 2016, at 10:00 am
(ET).

The agenda of the meeting will be as follows:

   1. Approval of the re-election of Mr. Roy Davis to serve as a
      Class III director of the Company for a three year term
      commencing on the date of his election at the Annual Meeting
      and until the Annual General Meeting of the Company's
      shareholders to be held in 2019 in accordance with the
      Company's Articles of Association;

   2. If Item 1 on the agenda of the Annual Meeting is approved,
      approval effective as of the date of the Annual Meeting, in
      accordance with Section 273(a) of the Israeli Companies Law,
      5759-1999, of a grant to Mr. Roy Davis of an option to
      purchase up to 24,000 of the Company's ordinary shares,
      nominal (par) value NIS 0.6 each;

   3. Approval of the re-election of Mr. Gerald Dogon to serve as
      a Class III director of the Company for a three year term
      commencing on the date of his election at the Annual Meeting
      and until the Annual General Meeting of the Company's
      shareholders to be held in 2019 in accordance with the
      Company's Articles of Association;

   4. If Item 3 on the agenda of the Annual Meeting is approved,
      approval effective as of the date of the Annual Meeting, in
      accordance with Section 273(a) of the Companies Law, of a
      grant to Mr. Gerald Dogon of an option to purchase up to
      24,000 Ordinary Shares;

   5. Approval of the re-election of Ms. Tali Yaron-Eldar to serve
      as a Class III director of the Company for a three year term

      commencing on the date of her election at the Annual Meeting

      and until the Annual General Meeting of the Company's
      shareholders to be held in 2019 in accordance with the
      Company's Articles of Association;

   6. If Item 5 on the agenda of the Annual Meeting is approved,
      approval effective as of the date of the Annual Meeting, in
      accordance with Section 273(a) of the Companies Law of a
      grant to Ms. Tali Yaron-Eldar of an option to purchase up to

      24,000 Ordinary Shares;

   7. Approval effective as of the date of the Annual Meeting, in
      accordance with Section 273(a) of the Companies Law, of a
      grant to Mr. Joshua Rosensweig, a director of the Company,
      of an option to purchase up to 24,000 Ordinary Shares;

   8. Approval of a compensation policy for the Company's
      directors and officers, in accordance with the requirements
      of the Companies Law;
   9. Approval of an update to the remuneration for the chairs of
      committees of the Board of Directors of the Company; and

  10. Approval of the re-appointment of Kost, Forer, Gabbay &
      Kasierer, a member firm of Ernst & Young Global, as the
      Company's independent registered public accounting firm for
      the fiscal year ending Dec. 31, 2016, and until the next
      Annual Meeting, and to authorize the Audit committee and the

      Board of Directors of the Company to determine the
      remuneration of KFGK in accordance with the volume and
      nature of their services;

  11. To discuss the Consolidated Financial Statements of the
      Company for the fiscal year ended Dec. 31, 2015.

                         About Rosetta

Based in Rehovot, Israel, Rosetta Genomics Ltd. is seeking to
develop and commercialize new diagnostic tests based on a recently
discovered group of genes known as microRNAs.  MicroRNAs are
naturally expressed, or produced, using instructions encoded in
DNA and are believed to play an important role in normal function
and in various pathologies.  The Company has established a CLIA-
certified laboratory in Philadelphia, which enables the Company to
develop, validate and commercialize its own diagnostic tests
applying its microRNA technology.

Rosetta Genomics reported a loss from continuing operations of
US$17.34 million on US$8.26 million of total revenues for the year
ended Dec. 31, 2015, compared to a loss from continuing operations
of US$14.52 million on US$1.32 million of total revenues for the
year ended Dec. 31, 2014.

As of Dec. 31, 2015, Rosetta had US$22.4 million in total assets,
US$2.80 million in total liabilities and US$19.62 million in total
shareholders' equity.


RUSSELL P. LEBKUECHER: BofA Files Sale-Based Plan
-------------------------------------------------
Bank of America, N.A., filed with the Bankruptcy Court for the
Eastern District of Pennsylvania a Plan of Reorganization and
Disclosure Statement dated June 7, 2016, for debtor Russel P.
Lebkuecher.

The Debtor's exclusive period to file and confirm a plan of
reorganization has expired, giving BofA the opportunity to propose
its own Plan.

BofA said its Plan provides a mechanism for the sale of certain of
the Debtor's assets and the payment of all unsecured creditors in
full upon the closing.

The Debtor's principal business is Kasey Lynn's Restaurant, Inc.,
which operates the banquet hall known as "The Meadows."  The
Meadows property is owned by L&P Realty Holdings, LLC.  The Debtor
owns a 50% interest in the Restaurant Entity and the Real Estate
Entity with his partner, Thomas Polak.

Polak and the Debtor are in the midst of a shareholder dispute and
cannot agree on the direction of the business.  The bankruptcy case
was filed, in part, in the hopes of resolving the differences
between Polak and the Debtor. The Debtor now acknowledges that he
cannot reach a resolution of the deadlock with Polak and the Debtor
commenced an adversary proceeding against Polak to recover more
than $100,000.

Under BofA's Plan, Polak on the Plan Effective Date will purchase
certain property of the Debtor for the sum of $95,000.  The
Purchase Price shall be paid upon closing of the Sale Transaction
as follows:

     Class-2 To Wells Fargo Bank (claim no. 3)   $ 8,162.86
     Class-2 To M&T Bank (claim no. 4)           $ 1,227.06
     Class-2 To M&T Bank (claim no. 5)           $25,666.49
     Class-3 To Bank of America, N.A.            $30,000.00
     Class-4 To Debtor                           $29,943.59

The Property to be sold are:

     1. Debtor's equity interests in Kasey Lynn's Restaurant, Inc.
     2. Debtor's equity interests in L&P Realty Holdings, LLC.
     3. All of Debtor's claims, lawsuits and rights of recovery
against Thomas Polak.
     4. All of Debtor's claims, lawsuits and rights of recovery
against Kasey Lynn's Restaurant, Inc.
     5. All of Debtor's claims, lawsuits and rights of recovery
against L&P Realty Holdings, LLC.

Under BofA's Plan, Class 1 consists of the secured portion of the
Wells Fargo Bank, N.A. proof of claim (claim no. 3) in the amount
of $15,000.00 and the secured claim of Lakeview Loan Servicing, LLC
(claim no. 1) in the amount of $295,882.57.  Upon the Effective
Date, the Holders of the Secured Claims will have the right to
enforce their legal, equitable and contractual rights against the
Debtor and the collateral securing the Claims.  Notwithstanding the
foregoing, on or before the Confirmation Hearing, Wells Fargo may
elect to have its entire claim (claim no. 3) treated as a Secured
Claim in Class 1 by filing notice of such election. Upon such
election by Wells Fargo Bank, N.A., the entire Claim will be
treated as a Secured Claim in Class 1 and Wells Fargo Bank, N.A.
shall not have an unsecured claim in Class 2.

General Unsecured Claims are in Class 2.  Each Holder of an Allowed
Class 2 Claim will full payment of the claim on the Effective Date.
The Allowed Class 2 General Unsecured Claims are:

     Wells Fargo Bank, N.A. (claim no. 3)   $ 8,162.86
     M&T Bank (claim no. 4)                 $ 1,227.06
     M&T Bank (claim no. 5)                 $25,666.49

BofA's Claim is in Class 3.  BofA will receive a payment of
$30,000.00 on the Effective Date in full and final release of the
claim against the Debtor.  The payment shall not release or reduce
BofA's claim against any third party, including Thomas Polak, Kasey
Lynn's Restaurant, and L&P Realty Holdings.

On the Effective Date, the Debtor shall receive $21,170.65 from the
sale of the Debtor's assets as described in this Plan. The Debtor
shall use these funds to pay allowed administrative claims and the
Debtor may retain any funds which are not required to pay allowed
administrative claims.

A copy of the Disclosure Statement is available at:

          http://bankrupt.com/misc/paeb15-16400-0121.pdf

Attorneys for Bank of America, N.A.:

          Mark Pfeiffer, Esq.
          BUCHANAN INGERSOLL & ROONEY PC
          Two Liberty Place
          50 S. 16th Street, Ste. 3200
          Philadelphia, PA 19102
          Tel: (215) 665-8700
          E-mail: mark.pfeiffer@bipc.com

Russell Lebkuecher filed a Chapter 11 bankruptcy petition (Bankr.
E.D. Pa. Case No. 15-16400) on September 5, 2015.  The Debtor's
bankruptcy schedules listed $603,849 in total assets and $620,534
in total liabilities.


RYCKMAN CREEK: Exclusive Plan Filing Deadline Moved to Aug. 30
--------------------------------------------------------------
The Hon. Kevin J. Carey of the U.S. Bankruptcy Court for the
District of Delaware has extended, at the behest of Ryckman Creek
Resources, LLC, et al., the exclusive periods for the Debtor to
file a plan of reorganization and to solicit acceptance of that
plan through and including Aug. 30, 2016, and Oct. 29, 2016,
respectively.

As reported by the Troubled Company Reporter on June 3, 2016, the
Debtors, since filing the Joint Chapter 11 Plan of Reorganization
and the Disclosure Statement on April 11, 2016, have commenced a
plan mediation process with the Official Committee of Unsecured
Creditors and the prepetition lenders pursuant to the Court's order
establishing the terms governing mediation, which appointed Judge
Kevin Gross as the mediator.

The mediation will address plan-related issues, including those
that may arise as a result of the Creditors Committee's ongoing
discovery in connection with the Debtors' post-petition financing
order.  An initial mediation session was held on May 18, 2016, and
additional mediation dates are scheduled for mid-June.

                       About Ryckman Creek

Formed on Sept. 8, 2009, Ryckman Creek Resources, LLC, is engaged
in the acquisition, development, marketing, and operation of a
Natural gas storage facility known as the Ryckman Creek Facility.
The Ryckman Creek Facility is a depleted crude oil and natural gas
reservoir located in Uinta County, Wyoming.  The Company began
development of the reservoir into a natural gas storage facility in
2011.  The Ryckman Creek Facility began commercial operations in
late 2012 and received injections of customer gas and gas purchased
by the Company.  The Debtors have approximately 35 employees.

Ryckman Creek Resources, LLC, Ryckman Creek Resources Holdings LLC,
Peregrine Rocky Mountains LLC and Peregrine Midstream Partners LLC
filed Chapter 11 bankruptcy petitions (Bankr. D. Del. Case Nos.
16-10292 to 16-10295) on Feb. 2, 2016.  The petitions were signed
by Robert Foss as chief executive officer.  Kevin J. Carey has been
assigned the case.

The Debtors have engaged Skadden, Arps, Slate, Meagher & Flom LLP
as counsel, AP Services, LLC, as management provider, Evercore
Group LLC as investment banker, and Kurtzman Carson Consultants LLC
as claims and noticing agent.

On April 11, 2016, Ryckman Creek Resources, LLC, disclosed total
assets of more than $205 million and total debts of more than
$391.2 million.

Judge Stuart M. Bernstein presides over the Chapter 15 case.


SA CAMINO BANDERA: Unsecureds to Get 100% Under Liquidating Plan
----------------------------------------------------------------
The Hon. Craig A. Gargotta approved the first amended disclosure
statement explaining SA Camino Bandera, LLC's First Amended Plan of
Liquidation.  

The Plan documents were filed June 20, 2016.

A hearing on confirmation of the Plan shall be held on July 11,
2016 at 10:00 a.m., in Courtroom Number 3, Fifth Floor, Judge
Gargotta presiding, United States Courthouse, Hipolito F. Garcia
Federal Building, 615 E. Houston, San Antonio, Texas 78205.

July 6, 2016, is fixed as the deadline by which the holders of
claims and interests against the Debtor may submit their ballots to
accept or reject the Plan.

July 6, 2016, at 4:00 p.m., Central Time is fixed for the deadline
by which creditors and parties in interest may file objections to
confirmation of the Plan.

The Debtor shall submit a ballot summary to the Court no later than
July 8, 2016.

Pursuant to a Court order dated May 2, 2016, the Debtor sold its
Property for $3,050,000.  The final return to the Debtor after
accounting for overpaid interest, the Vantage Bank debt, and taxes
was $268,469. In addition to this amount, the Debtor's counsel is
holding a rent payment of $1,440, leaving the total cash on hand
$269,909 for administrative claims, creditors and equity.

Under the Plan, the undisputed general unsecured creditors and
approved Administrative Claims that have not previously been paid
shall be paid 100% in full within seven days of the Effective Date.
The Disputed Claimants and equity holders shall be paid 93% of
their agreed claims within seven days of the Effective Date.
Disputed Claimants shall be paid the remainder of their agreed
claims within seven days of the Court entering a final decree,
minus costs associated with final administration
of the estate.

A copy of the First Amended Disclosure Statement is available at:

          http://bankrupt.com/misc/txwb16-50283-0041.pdf

The Debtor is represented by:

          Ronald J. Smeberg, Esq.
          THE SMEBERG LAW FIRM, PLLC
          2010 West Kings Highway
          San Antonio, TX 78201
          Tel: (210) 695-6684
          Fax: (210) 598-7357
          E-mail: ron@smeberg.com

SA Camino Bandera, LLC, filed a chapter 11 petition (Bankr. W.D.
Tex. Case No. 16-50283) on Feb. 1, 2016.  The single asset real
estate debtor is represented by Ronald J. Smeberg, Esq., in San
Antonio, Tex., and estimated its assets and debts at less than $10
million at the time of the filing.


SALON MEDIA: Incurs $2 Million Net Loss in Fiscal 2016
------------------------------------------------------
Salon Media Group, Inc., filed with the Securities and Exchange
Commission its annual report on Form 10-K disclosing a net loss of
$1.96 million on $6.95 million of net revenues for the year ended
March 31, 2016, compared to a net loss of $3.94 million on $4.94
million of net revenues for the year ended March 31, 2015.

As of March 31, 2016, Salon Media had $2.03 million in total
assets, $10.31 million in total liabilities, and a total
stockholders' deficit of $8.28 million.

Salon was proud to be honored during the fiscal year for its
excellence in journalism.  Salon was an honoree for the 2016 Webby
Awards for its Donald Trump/Big Lebowski mashup.  Lindsay Abrams
was honored by the Audubon Society as one of its "Women Greening
Journalism" while columnist Brittney Cooper was identified as part
of the "emerging black Intelligentsia" by The New Republic.  Damon
Tweedy's "Being Black Can Be Bad for Your Health" was named as part
of "The 13 Biggest Health Stories of 2015" by Healthline.  We were
also proud that Chauncey DeVega's piece on race, terrorism and the
Planned Parenthood shooting was named among the most essential
writing by a person of color in 2015 by the Huffington Post.

In August 2015, Salon recognized the Writers Guild of America,
East, Inc. as the collective bargaining representative of its
non-supervisory editorial staff.

A key component of Salon's business strategy is to drive audience
growth across its platforms on desktop, tablet and mobile because
achieving scale should increase the website's attractiveness to
advertisers.  For the fiscal year 2016, unique visitors to
Salon.com averaged 16.6 million per month according to data
compiled by Google Analytics, which is a 2% decrease from a 16.9
million average in fiscal year 2015.  According to comScore Media
Metrix (U.S. only), unique visitors were 14.1 million in March 2016
compared to 12.9 million in March 2015.

The Company continues to see a significant shift to users accessing
Salon from mobile devices, with 62% of users visiting the website
from mobile devices in March 2016.  Salon continues to have a
company-wide focus on its users' mobile needs, especially quick and
easy access to fast-loading content optimized for better
readability on smaller screens.

Social media continues to be a major source of referral traffic. It
provides approximately 38.5% of website visits as of March 31,
2016, and is a major area of investment across the Company.  Salon
makes regular updates to the website to optimize content to be
shared on social media with a special focus on the Company's mobile
platforms.  In March 2016, Salon had approximately 881,000 Facebook
"likes," and 576,000 Twitter followers, an annual increase of 23%
and 20% respectively.

"Salon is a terrific brand with a strong audience and we're focused
on execution to realize the value of the company," said Jordan
Hoffner, CEO of Salon Media Group.  "As we look to the next fiscal
year, our focus is on leveraging the brand, to improve our
advertising optimization and create a greater breadth of stories
that can be embraced by both users and advertisers.  The goal is
for Salon to be a significant player in the media landscape."

                       Going Concern

Burr Pilger Mayer, Inc., in San Francisco, California, issued a
"going concern" qualification on the consolidated financial
statements for the year ended March 31, 2016, citing that the
Company has suffered recurring losses and negative cash flows from
operations and has an accumulated deficit of $124.6 million as of
March 31, 2016.  These conditions raise substantial doubt about its
ability to continue as a going concern.

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

                     https://is.gd/WnRt8N

                        About Salon Media

San Francisco, Calif.-based Salon Media Group (OTC BB: SLNM.OB)
-- http://www.Salon.com/-- is an online news and social
networking company and an Internet publishing pioneer.


SERENA SOFTWARE: S&P Raises CCR to 'BB-', Off CreditWatch
---------------------------------------------------------
S&P Global Ratings said it raised its corporate credit rating on
San Mateo, Calif.-based Serena Software Inc. to 'BB-' from 'B'. The
outlook is stable.

At the same time, S&P removed all of its ratings on Serena Software
Inc. from CreditWatch, where S&P had placed them with positive
implications on March 29, 2016.

S&P subsequently withdrew all ratings on Serena Software.

"The ratings upgrade and subsequent withdrawal follow the
completion of the merger of Serena Software Inc. with Micro Focus
International PLC on May 2, 2016," said S&P Global Ratings credit
analyst John Moore.



SEVENTY SEVEN ENERGY: Court OKs Restructuring Support Agreement
---------------------------------------------------------------
BankruptcyData.com reported that the U.S. Bankruptcy Court approved
Seventy Seven Energy's motion for authorization to (i) assume a
restructuring support agreement and (ii) pay and reimburse related
fees and expenses. As previously reported, "The terms of the
Restructuring Support Agreement provide for a substantial
de-leveraging of approximately $650 million of debt under the OpCo
Notes and $450 million of debt under the HoldCo Notes into 100%
equity in Reorganized HoldCo.  The restructuring contemplated by
the Term Sheet and the Plan will reduce the Debtors' funded debt
obligations by at least $1.1 billion and incorporates the following
principal terms: (1) A new senior secured asset-based revolving
loan and letter of credit facility, which facility shall have a
maturity date of June 25, 2019 and a maximum commitment amount of
$100 million. The first lien debt will include financial covenants
and other terms and conditions, including those set forth in the
Exit Facility Commitment Letter, which is attached to the
Disclosure Statement as Exhibit G, (2) A conversion of $1.1 billion
in aggregate principal amount of OpCo Notes and HoldCo Notes into
100% of the New HoldCo Common Shares (subject to dilution for the
issuance of the New A Warrants, the New B Warrants, the New C
Warrants and shares issued under the Management Incentive Plan)."

                   About Seventy Seven Energy Inc.

Headquartered in Oklahoma City, Seventy Seven Energy Inc. (SSE) --
http://www.77nrg.com/-- provides 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: July 13 Hearing on Prepack Plan, Disclosures
-----------------------------------------------------------
The Hon. Laurie Selber Silverstein will hold a combined hearing on
July 13, 2016, at 10:00 a.m., prevailing Eastern Time, to consider
confirmation of the joint prepackaged chapter 11 plan of
reorganization of Seventy Seven Energy Inc., Seventy Seven Finance
Inc. and certain of their affiliates, and to consider the adequacy
of the disclosure statement explaining the joint plan.

The deadline for filing objections to the Plan is July 6, 2016, at
4:00 p.m., prevailing Eastern Time.

The primary purpose of the Prepack Plan is to effectuate a
balance-sheet restructuring of the Debtors' business.
Specifically, the Plan substantially deleverages the Debtors'
balance sheet by converting approximately $650 million of debt
under the OpCo Notes and $450 million of debt under the HoldCo
Notes into 100% equity in Reorganized HoldCo.

HoldCo refers to Seventy Seven Energy Inc.  OpCo refers to Seventy
Seven Operating LLC.

The Plan has been negotiated with, and has the support of, the
Restructuring Support Parties, which consist of (i) lenders under
the Term Loan Credit Agreement that collectively hold approximately
84% of the Term Loan Claims, (ii) lenders under the Incremental
Term Supplement that collectively hold approximately 92% of the
Incremental Term Loan Claims and (iii) an ad hoc group of holders
of the OpCo Notes that collectively hold in excess of 63.2% of the
OpCo Notes.  The Disclosure Statement, the Plan and the
accompanying documents have been extensively negotiated with the
legal and/or financial advisors to the Restructuring Support
Parties.

As part of the overall settlement embodied in the Restructuring
Support Agreement and the Plan, the holders of the OpCo Notes are
voluntarily forgoing their right to part of the distributions under
the Plan that they are otherwise entitled to receive so that the
Debtors can (i) pay in full allowed general unsecured claims, such
as the claims of suppliers and vendors, in the ordinary course
according to existing business terms (ii), provide a Pro Rata
distribution of a portion of the New HoldCo Common Shares, and, if
Class 13 (HoldCo Notes Claims) votes to accept the Plan, the New A
Warrants to holders of the HoldCo Notes and (iii) if all Voting
Classes vote to accept the Plan, provide a Pro Rata distribution of
the New B Warrants and the New C Warrants to holders of Existing
HoldCo Interests in exchange for the surrender or cancellation of
their Interests.

The key components of the Plan are:

     -- Holders of Allowed General Unsecured Claims in Class 6,
including Allowed Claims of trade vendors, suppliers and customers,
will not be affected by the filing of the Chapter 11 Cases and,
subject to Bankruptcy Court approval, are anticipated to be paid in
full in the ordinary course of business during the pendency of the
Chapter 11 Cases or reinstated and left Unimpaired under the Plan
in accordance with their terms as part of the overall compromise
embodied in the Plan.

     -- Holders of Allowed Term Loan Claims will receive (i) their
Pro Rata share of the Term Loan Payment; and (ii) continue to hold
their Pro Rata share of Term Loans under the Term Loan Credit
Agreement (as amended by the Term Loan Credit Agreement Amendment),
which Term Loans shall be secured by a valid, perfected and
enforceable first-priority lien on and security interest in the
Term Loan Collateral and a valid, perfected and enforceable
second-priority lien on and security interest in the Exit Facility
Priority Collateral.  Holders of Term Loan Claims in Class 3 are
projected to recover 100% of their Allowed Claims.  

     -- Payment in full, in cash, of all Allowed Administrative
Claims, Fee Claims, DIP Claims, Priority Tax Claims, statutory
fees, Other Priority Claims and Other Secured Claims.

     -- Holders of Allowed Incremental Term Loan Claims in Class 4
will receive their Pro Rata share of (i) the Incremental Term Loan
Payment, and (ii) $15 million of the outstanding Incremental Term
Loan balance. The remaining Incremental Term Loan Claims, which
shall be secured by a valid, perfected and enforceable
second-priority lien on and security interest in the Term Loan
Collateral and a valid, perfected and enforceable third-priority
lien on and security interest in the Exit Facility Priority
Collateral, will be Allowed at $84 million in principal plus all
accrued, unpaid interest, fees and any other expenses through and
including the Effective Date (including applicable Restructuring
Expenses) and will be reinstated with the rights of holders of such
Claims unaltered by the Plan (except for certain amendments to the
Incremental Term Supplement).  Holders of Incremental Term Loan
Claims are projected to recoup 100% of their Allowed Claims.  

     -- Holders of Allowed OpCo Notes Claims in Class 5 will
receive their Pro Rata share of 96.75%, or if Class 13 (HoldCo
Notes Claims) does not vote to accept the Plan, 98.67%, on a fully
diluted basis (subject only to the New Warrants and any securities
issued under the Management Incentive Plan) of the New HoldCo
Common Shares outstanding as of the Effective Date.  Holders of
OpCo Notes Claims in Class 5 are projected to recoup 50% of their
claims.  They will also receive their Pro Rata share of the OpCo
Litigation Proceeds.

Holders of OpCo Notes Guaranty Claims in Class 12 are projected to
recoup 0% to 4.3%.  They will receive their Pro Rata share of (i),
if Class 13 does not vote as a class to accept the Plan, 1.92% of
the New Common Shares, and (ii) the HoldCo Litigation Proceeds.

     -- Holders of Allowed HoldCo Notes Claims in Class 13 will
receive their Pro Rata share of 3.25% on a fully diluted basis
(subject only to the New Warrants and any securities issued under
the Management Incentive Plan) of the New HoldCo Common Shares
outstanding as of the Effective Date plus warrants exercisable 15%
of the New HoldCo Common Shares at a share price based on a total
equity value of $524 million, or if Class 13 HoldCo Notes Claims
does not vote to accept the Plan, 1.33% on a fully diluted basis
(subject only to the New Warrants and any securities issued under
the Management Incentive Plan) of the New HoldCo Common Shares
outstanding as of the Effective Date.  Holders of HoldCo Notes
Claims are expected to recover 1.1% to 6.2%.  

     -- Existing HoldCo Interests shall be cancelled and discharged
and shall be of no further force or effect, whether surrendered for
cancellation or otherwise, and holders of Existing HoldCo Interests
shall not receive or retain any property under the Plan on account
of such Existing HoldCo Interests; provided, however, that if all
classes entitled to vote on the Plan vote to accept the Plan, on
the Effective Date, holders of Existing HoldCo Interests shall
receive, in exchange for the surrender or cancellation of their
Existing HoldCo Interest their Pro Rata share of two series of
warrants exercisable for an aggregate of 20% of the New HoldCo
Common Shares.

     -- Entry into the new $100 million asset-based Exit Facility,
which will be used (i) to repay debtor-in-possession financing the
Debtors anticipate borrowing during the Chapter 11 Cases, (ii)
provide additional liquidity and working capital and for general
corporate purposes and (iii) to pay all restructuring fees and
costs and other payments required under the Plan or arising from
the Chapter 11 Cases.

The Debtors and the other parties to the Restructuring Support
Agreement believe that the restructuring contemplated by the Plan
is in the best interests of all stakeholders because it (i)
achieves a substantial deleveraging of the Debtors' balance sheet
through consensus with a significant portion of the Debtors' debt
holders, (ii) provides for a reduction of approximately $65 million
of the Debtors' pre-Restructuring annual interest burden on
previously funded debt, (iii) provides $100 million of new
financing and (iv) eliminates potential deterioration of value --
and disruptions to operations -- that could otherwise result from
protracted and contentious bankruptcy cases.

Importantly, the Debtors would not be able to implement the
conversion of debt to equity contemplated by the Plan without the
support of the Restructuring Support Parties. In sum, the Plan
embodies a global settlement as part of an expeditious and
consensual restructuring. This avoids potential litigation that
could decrease value for all stakeholders and delay (and possibly
derail) the restructuring process. The significant support obtained
by the Debtors pursuant to the Restructuring Support Agreement
provides a fair and reasonable path for an expeditious consummation
of the Plan and the preservation of Seventy Seven's ordinary course
of business.

As of the Effective Date, Reorganized HoldCo anticipates being a
reporting company under the Securities Exchange Act of 1934, as
amended. As of April 22, 2016, Existing HoldCo Interests were
listed for trading on The New York Stock Exchange.  To the extent
the New HoldCo Common Shares meet applicable listing requirements
immediately after issuance, Reorganized HoldCo will use
commercially reasonable efforts to cause the listing of the New
HoldCo Common Shares on NYSE or another stock exchange on or as
soon as reasonably practicable after the Effective Date.

A copy of the Disclosure Statement is available at:

           http://bankrupt.com/misc/deb16-11409-0018.pdf

                   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.

Counsel for the Debtors are:

     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
     Telephone: (302) 658-9200
     Facsimile: (302) 658-3989
     E-mail: rdehney@mnat.com
             aremming@mnat.com

          - and -

     Emanuel C. Grillo, Esq.
     Christopher Newcomb, Esq.
     BAKER BOTTS LLP
     30 Rockefeller Plaza
     New York, New York 10112
     Telephone: (212) 892-4000
     E-mail: emanuel.grillo@bakerbotts.com
             chris.newcomb@bakerbotts.com

Counsel to the Consenting OpCo Noteholders:

     Matt Barr, Esq.
     David N. Griffiths, Esq.
     Weil, Gotshal & Manges LLP
     767 Fifth Avenue
     New York, New York 10153

Counsel to the Consenting Incremental Term Loan Lenders:

     Mark A. Broude, Esq.
     Latham & Watkins LLP
     885 Third Avenue
     New York, NY 10022

          - and -

     Adam E. Malatesta, Esq.
     Latham & Watkins LLP
     355 South Grand Avenue
     Los Angeles, CA 90071-1560

Counsel to the Consenting Term Loan Lenders and Term Loan Agent:

     Jones Day LLP
     250 Vesey Street
     New York, NY 10281-1047
     Scott J. Greenberg, Esq.
     Michael J. Cohen, Esq.

Counsel to the Consenting HoldCo Noteholders:

     Adam Harris, Esq.
     Schulte Roth & Zabel LLP
     919 Third Avenue
     New York, NY 10022


SOUTHERN SEASON ACQUISITION: Voluntary Chapter 11 Case Summary
--------------------------------------------------------------
Debtor: Southern Season Acquisition Corporation
        100 Europa Drive, Suite 101
        Chapel Hill, NC 27517

Case No.: 16-80559

Chapter 11 Petition Date: June 24, 2016

Court: United States Bankruptcy Court
       Middle District of North Carolina (Durham)

Judge: Hon. Benjamin A. Kahn

Debtor's Counsel: John Paul H. Cournoyer, Esq.
                  NORTHERN BLUE, LLP
                  Suite 435
                  1414 Raleigh Road
                  Chapel Hill, NC 27517
                  Tel: 919-968-4441
                  Fax: 919-942-6603
                  E-mail: jpc@nbfirm.com

                    - and -

                  Richard M. Hutson, II, Esq.
                  HUTSON LAW OFFICES, P.A.
                  302 East Pettigrew St., Suite B-260
                  P.O. Drawer 2252-A
                  Durham, NC 27702
                  Tel: (919) 683-1561
                  E-mail: wade@hhplaw.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Brian J. Fauver, president.

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


SOUTHERN SEASON: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Southern Season, Inc.
        100 Europa Drive, Suite 101
        Chapel Hill, NC 27517

Case No.: 16-80558

Type of Business: Specialty Food Retailer

Chapter 11 Petition Date: June 24, 2016

Court: United States Bankruptcy Court
       Middle District of North Carolina (Durham)

Judge: Hon. Benjamin A. Kahn

Debtor's Counsel: John Paul H. Cournoyer, Esq.
                  NORTHERN BLUE, LLP
                  Suite 435
                  1414 Raleigh Road
                  Chapel Hill, NC 27517
                  Tel: 919-968-4441
                  Fax: 919-942-6603
                  E-mail: jpc@nbfirm.com

                    - and -

                  Richard M. Hutson, II, Esq.
                  HUTSON LAW OFFICES, P.A.
                  302 East Pettigrew St., Suite B-260
                  P.O. Drawer 2252-A
                  Durham, NC 27702
                  Tel: (919) 683-1561
                  E-mail: wade@hhplaw.com

Total Assets: $9.82 million

Total Debts: $18.33 million

The petition was signed by Clay Hammer, CEO.

List of Debtor's 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Best Logistics                         Freight           $29,817
Attn: Managing Agent
PO Box 336
Kernersville, NC
27285-0336
billing@shipwithbest.com
Tel: (800) 299-4787 Ext.0000

Chapel Hill Toffee                    Inventory          $27,799
christy@chapelhilltoffee.com

Counter Culture Coffee, I             Inventory         $100,123
jmccall@counterculturecoffee.com

Dixon Hughes Goodman LLP               Auditors          $39,971
Corey.Mallard@dhgllp.com

First Source                          Inventory          $41,169
Loretta.Manning@first-source.com

Freshpoint                            Inventory          $37,038
Sheila.Powell@freshpoint.com

Gorilla                                Website          $231,601
jramirez@gorillagroup.com             Development

Haddon House                          Inventory          $84,850
Gscala@haddonhou
se.com

LM Retail, LLC                        Landlord          $137,341
C/O Gumenick Properties

Ocean Boulevard                         Rent            $142,374
Properties, LP
LWay@thebeachco
mpany.com

OFFIR Consulting LLC                  Website            $30,672
ron@offirconsulting.com            Development

Packages, Inc.                       Inventory           $29,725
Monica@packagesinc.com

PAPYRUS-RECYCLE D GREETING           Inventory           $82,901
Connie.Holland@amgreetings.com

Pate Dawson                          Inventory           $72,122
adillon@southernfoods.com

Salem Baking Company                 Inventory           $29,049
MEGAN.BARRETT@SALEMBAKING.COM

Southeastern Paper Co.               Supplies            $77,857
sandi@sepapergroup.com

Sysco Food Service                   Inventory          $142,700
Long.Justin@rnc.sysco.com

The Ultimate Software                 Payroll            $43,833
Group, Inc.                         Processing
Ellie_Kaupp@ultimatesoftware.com

Willow Specialties                   Inventory           $59,587
Jenniferg@willowgroupltd.com

Wusthof-Trident of America           Inventory           $39,251
MWhitaker@wusthof.com


SPECTRUM BRANDS: S&P Raises CCR to 'BB-', Outlook Stable
--------------------------------------------------------
S&P Global Ratings said that it raised its corporate credit rating
on Middleton, Wis.-based Spectrum Brands Inc. to 'BB-' from 'B+'.
The outlook is stable.

S&P also raised its issue-level ratings on the company's senior
secured bank debt to 'BB+' from 'BB', which has a recovery rating
of '1', indicating S&P's expectation that lenders could expect very
high (90% to 100%) recovery in the event of a payment default.  At
the same time, S&P raised its issue-level ratings on the company's
senior unsecured notes by two notches to 'BB-' from 'B', and
revised its assessment of recovery prospects to '4' from '5',
indicating that creditors could expect average (30% to 50%)
recovery in the event of a payment default.  S&P's recovery
expectations for the unsecured notes are in the lower half of the
30% to 50% range.

Debt outstanding as of April 3, 2016, was about $4.1 billion.

The ratings upgrades reflect Spectrum Brands' continued good
performance, including the successful integration of Armored
Autogroup (now known as the Global Auto Care [GAC] segment), and
S&P's expectation that the company will continue to improve credit
ratios, including strengthening debt to EBITDA to about 4.5x by
fiscal year-end Sept. 30, 2016, from about 5x presently.

"Our rating actions also factor in Spectrum Brands' track record
over the last few years of successfully integrating acquisitions
and de-leveraging.  The upgrade also reflects our belief that the
company would prioritize de-leveraging should it make another large
scale acquisition," said S&P Global Ratings credit analyst Gerald
Phelan.

S&P's ratings on Spectrum Brands incorporate the company's
satisfactory product diversity; it's improved scale, operating
leverage, and profitability; and its position as a provider of
lower-priced products, which possess less pricing power than
premium priced competition, however tend to perform relatively well
in sluggish economic environments.  S&P's ratings also recognize
the company's participation in highly competitive, low-growth
product categories and its susceptibility to input cost volatility,
moderate currency volatility, and some seasonality. The company's
home and garden and auto care businesses are susceptible to the
effects of extreme weather conditions.

Although Spectrum Brands' product offerings tend to rank in the top
three of their respective categories, in general S&P believes they
are not dominant, operate in fragmented markets (except batteries),
and face competition from several financially stronger companies,
including S.C. Johnson & Son, Koninklijke Philips N.V., Procter &
Gamble Co., Masco Corp., and Fortune Brands Home & Security.  S&P
nevertheless believes Spectrum Brands enjoys defensible positions
in substantially all of its numerous product categories.  S&P
believes a slow secular decline in the battery business, which
accounts for less than 20% of the company's sales, will not
materially impact the company's operating performance.

The outlook is stable.  S&P forecasts Spectrum Brands to generate
about $450 million to $500 million in free cash flow annually over
each of the next two fiscal years and achieve mid-single digit
EBITDA growth, a portion of which is from assumed acquisitions.
This will enable the company to further improve credit ratios,
including strengthening debt to EBITDA to the low- to mid-4x area
over the next six to 12 months.


SPORTS AUTHORITY: Exclusive Plan Filing Deadline Moved to Sept. 28
------------------------------------------------------------------
The Hon. Mary F. Walrath of the U.S. Bankruptcy Court for the
District of Delaware has extended, at the behest of Sports
Authority Holdings, Inc., et al., 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.

As reported by the Troubled Company Reporter on June 9, 2016, the
Debtors sought the extensions, saying that since the Petition Date,
they 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.  


                     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.


ST. JUDE NURSING: Must File Amended Disclosure Statement
--------------------------------------------------------
In the case captioned In re: ST. JUDE NURSING CENTER, INC., Chapter
11 Debtor, Case No. 16-42116 (Bankr. E.D. Mich.), Judge Thomas J.
Tucker of the United States Bankruptcy Court for the Eastern
District of Michigan, Southern Division required the debtor to file
an amended combined plan and disclosure statement no later than
June 23, 2016.

A full-text copy of Judge Tucker's June 21, 2016 order is available
at https://is.gd/nJLWec from Leagle.com.


SUN PRODUCTS: Moody's Puts B3 CFR on Review for Upgrade
-------------------------------------------------------
Moody's Investors Service placed the ratings of Sun Products
Corporation, including its B3 Corporate Family Rating, on review
for upgrade.  This follows Vestar Capital Partners' announcement
that Henkel Consumer Goods Inc. has entered into a definitive
agreement to acquire Sun Products Corporation.  Henkel Consumer
Goods is a subsidiary of Henkel AG & Co. KGaA ((P)A2 stable senior
unsecured rating).  Moody's expects Sun Products' debt to be repaid
as part of this transaction.  Therefore, Moody's anticipates
withdrawing the ratings on Sun Products when the debt has been
repaid.  However, the ratings on any debt remaining outstanding
after the acquisition closes, should there be any, could be
upgraded based upon Henkel AG's much stronger credit profile.

These ratings were placed on review for upgrade:

   -- Corporate Family Rating at B3
   -- Probability of Default Rating at B3-PD
   -- $100 million senior secured revolving credit facility due
      2018 at B1 (LGD 3)
   -- $1,023 million senior secured term loan B due 2020 at B1
      (LGD 3)
   -- $575 million senior unsecured notes due 2021 at Caa2 (LGD 5)

                        RATINGS RATIONALE

The existing B3 Corporate Family Rating reflects Sun Products' high
financial leverage and business concentration in the intensely
price-competitive domestic laundry industry.  That industry is led
by larger, more diversified and better capitalized competitors than
Sun Products.  It also reflects the company's significant retailer
concentration for its private label and branded laundry care
products.  Further, limited geographic diversity outside the U.S.
adds additional risk.  The rating is supported by the company's
large scale and stable market positions in US laundry and dish care
products.

The Sun Products Corporation, based in Wilton, Connecticut, is a
provider of moderately priced owned and store-brand laundry
detergents, fabric softeners and related household care products in
the North America market.  Significant brands include 'all,
Snuggle, Sun, Wisk, Sunlight (Canada), and Surf.  The company is
also the largest private label manufacturer of laundry care
products in North America.  Sun Products' parent company, Spotless
Group Holding, LLC is controlled by affiliates of Vestar Capital
Partners.  Sun Products' sales for the 12 months ended March 31,
2016 were approximately $1.6 billion.

The principal methodology used in these ratings was that for the
Global Packaged Goods industry published in June 2013.


SUN PRODUCTS: S&P Puts 'B' CCR on CreditWatch Positive
------------------------------------------------------
S&P Global Ratings placed its ratings, including the 'B' corporate
credit rating, on Wilton, Conn.–based Sun Products on CreditWatch
with positive implications.

The CreditWatch placement follows Vestar Capital Partners'
announcement that it has signed a definitive agreement to sell Sun
Products to a subsidiary of Henkel in a transaction valued at $3.6
billion.  Sun Products' credit profile will likely improve if the
proposed acquisition by the larger and financially stronger Henkel
(A/Stable/A-1) occurs.

S&P intends to resolve the CreditWatch placement upon the closing
of the acquisition.  The magnitude of any ratings uplift would
depend on a number of items, including whether any debt remains
outstanding at Sun Products and the potential benefits to Sun
Products as part of the larger Henkel, which has a stronger credit
profile.  If all rated debt at Sun Products is repaid at
transaction closing, S&P would likely withdraw its ratings on the
company.

Alternatively, if the proposed transaction does not close, S&P
would likely affirm its ratings on Sun Products, and remove them
from CreditWatch.


SUNEDISON INC: Ahmad Chatila Resigns as CEO
-------------------------------------------
Brian Eckhouse, writing for Bloomberg News, reported that Ahmad
Chatila, chief executive officer of bankrupt clean-energy giant
SunEdison Inc., has resigned.

According to the report, SunEdison appointed John Dubel, the
company's chief restructuring officer since late April, to replace
Chatila, according to a statement.  Dubel joined SunEdison shortly
after it filed for bankruptcy protection, listing $16.1 billion in
liabilities, the report related.

Chatila was the architect of a massive clean-power buying-binge,
the report said.  In a two-year period, SunEdison bought wind and
solar farms on every continent except Antarctica, creating the
world's biggest renewable-energy developer, the report added.

Chatila's exit comes about two months after the company filed for
bankruptcy, and a few weeks after the exit of Brian Wuebbels, chief
financial officer at the time of the bankruptcy filing, the report
pointed out.  The odds of Chatila holding his job through the
bankruptcy were slim as more than 80 percent of CEOs leave by the
end of restructuring, B. Espen Eckbo, a finance professor at
Dartmouth College’s Tuck School of Business, said in April, the
report further related.

              About SunEdison, Inc.

SunEdison, Inc., (OTC PINK: SUNEQ) 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 $20.7 billion and total
debt of $16.1 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.


SUNEDISON INC: Appoints John Dubel as Chief Executive Officer
-------------------------------------------------------------
SunEdison, Inc., has appointed John S. Dubel as the Company's Chief
Executive Officer, effective June 22, 2016.  Mr. Dubel has served
as SunEdison's Chief Restructuring Officer since April 29, 2016 and
will continue in that role.  Mr. Dubel has over 30 years of
experience advising boards and companies on matters related to
restructuring.

"I look forward to working with the rest of the SunEdison
management team as we continue to transform the Company for the
benefit of all its constituencies and move through the Chapter 11
process," said Mr. Dubel.  "Our priority is to focus on SunEdison's
core strengths and work to create a more streamlined and efficient
operator better positioned and more appropriately capitalized for a
competitive future."

Mr. Dubel will report directly to SunEdison's Board of Directors.
Mr. Dubel's appointment follows the resignation of SunEdison's
Board Member and Chief Executive Officer, Ahmad Chatila, who will
leave the Company on June 22, 2016.

                      About SunEdison, Inc.

SunEdison, Inc., (OTC PINK: SUNEQ) 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.


SUSANNA SHAW: Disclosures Approved; July 15 Plan Hearing Set
------------------------------------------------------------
Bankruptcy Judge Dennis Montali approved the disclosure statement
explaining the first amended plan of reorganization proposed by
debtor Susanna Shaw and Janina M. Hoskins, Chapter 11 Trustee of
Ms. Shaw's estate.

July 8, 2016 is fixed as the last day for filing acceptances or
rejections of the Plan.  July 8, 2016 is fixed as the last day for
filing and serving pursuant to Fed.R.Bankr.P. 3020(b)(1) written
objections to confirmation of the Plan.

July 15, 2016 at 11:00 a.m. is fixed for the hearing on
confirmation of the Plan.

Ms. Shaw and the Chapter 11 Trustee filed the Plan on May 20, 2016.
They filed the disclosure statement and amended Plan on June 7.

The Plan provides for: (1) the distribution of money, (2) the
completion of certain repairs in order to address Health and Safety
and City Municipal Code violations, (3) payment of all secured
Claims in full at their contract rates, and (4) refinance of a loan
to generate cash to be used to fulfill obligations under the Plan.
It is anticipated that all general unsecured creditors with Allowed
Claims or Scheduled Debt will be paid in full, along with the costs
of administration and any priority or tax debt.  Further, payments
to Debtor's counsel shall be made in conformity with the Plan. The
Chapter 11 Trustee will file estate tax returns, both federal and
state, and pay any taxes that are due based upon the sale of the
Condos or otherwise. To the extent any refunds are received, they
will be utilized by the Trustee or disbursed to the Debtor,
depending on the timing of receipt.

At the time of the Debtor's bankruptcy filing, she listed assets
totaling $10,665,892, with secured claims totaling $3,958,651, no
unsecured priority claims and general unsecured claims of $638,255.
The Debtor later amended her Schedules E and F to list $13,927 in
unsecured priority claims and $629,825 in general unsecured claims.


A copy of the Disclosure Statement is available at:

          http://bankrupt.com/misc/canb14-31819-0267.pdf

Susanna Shaw filed a Chapter 11 bankruptcy petition (Bankr. N.D.
Cal. Case No. 14-31819) on December 20, 2014.  The Debtor is a long
term real estate investor. At the time she filed for Chapter 11
bankruptcy relief, she owned seven condominium units and two
three-unit buildings in San Francisco that she rented to tenants,
not including the unit she occupies as her home.  Ms. Shaw sought
bankruptcy protection following a fire at one of her properties and
litigation with the City regarding numerous violations of state and
local health and safety codes.

On Feb. 23, 2015, the Court entered an order approving the
appointment of Janina M. Hoskins as Chapter 11 Trustee.


SUTHERLAND 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 Sutherland Holdings II, LLC.

Headquartered in Saint Petersburg, Florida, Sutherland Holdings II,
LLC, filed for Chapter 11 bankruptcy protection (Bankr. M.D. Fla.
Case No. 16-04577) on May 26, 2016, estimating its assets at
between $1 million and $10 million and liabilities at between
$100,000 and $500,000.  The petition was signed by Brian Storman,
managing member.

Jake C Blanchard, Esq., at Blanchard Law, P.A., serves as the
Debtor's bankruptcy counsel.


SWIFT ENERGY: No Mediation for "Morris" Appeal
----------------------------------------------
In the appeals case captioned MORRIS PROPP II, MORRIS PROPP II
FOUNDATION, Appellant, v. SWIFT ENERGY COMPANY, Appellee, BAP No.
16-31, C.A. No. 16-404-GMS (D. Del.), Judge Mary Pat Thynge of the
United States District Court for the District of Delaware
recommended that the matter be withdrawn from the mandatory
referral for mediation and proceed through the appellate process of
the court.

The bankruptcy case is IN RE: SWIFT ENERGY COMPANY, et al., Chapter
11, Debtors, Case No. 15-12670 (MFW) (Bankr. D. Del.).

A full-text copy of Judge Thynge's June 20, 2016 order is available
at https://is.gd/qDyi88 from Leagle.com.

Morris Propp II, Morris Propp II Foundation, are represented by:

          Kevin Scott Mann, Esq.
          CROSS & SIMON, LLC
          1105 North Market Street, Suite 901
          Wilmington, DE 19801
          Tel: (302)777-4200
          Fax: (302)777-4224
          Email: kmann@crosslaw.com

Swift Energy Company is represented by:

          Daniel J. DeFranceschi, Esq.
          Brendan Joseph Schlauch, Esq.
          Zachary I. Shapiro, Esq.
          RICHARDS, LAYTON & FINGER, PA
          One Rodney Square
          920 North King Street
          Wilmington, DE 19801
          Tel: (302)651-7700
          Fax: (302)651-7701
          Email: dfranceschi@rlf.com
                 schlauch@rlf.com
                 shapiro@rlf.com

                    About Swift Energy

Headquartered in Houston, Texas, Swift Energy Company --
http://www.swiftenergy.com-- is an independent energy company  
engaged in the exploration, development, production and acquisition
of oil and natural gas properties.  Its primary assets and
operations are focused in the Eagle Ford trend of South Texas and
the onshore and inland waters of Louisiana.

Swift Energy Company and eight of its affiliates filed Chapter 11
bankruptcy petitions (Bankr. D. Del. Case Nos. 15-12669 to
15-12677) on Dec. 31, 2015, with a Chapter 11plan of Reorganization
that, among other things, exchanges the approximately $905.1
million outstanding on account of senior notes obligations for 96%
of the common equity in the Reorganized Debtors.

The petitions were signed by Alton D. Heckaman, Jr., the executive
vice president and CFO.  Judge Mary F. Walrath is assigned to the
cases.

Swift Energy Company disclosed total assets of $416,358,243 plus an
undetermined amount and total liabilities of $1,233,022,421 plus an
undetermined amount.  Other Debtors disclosed total assets of $1.02
billion and total debt of $1.34 billion as of Sept. 30, 2015.

The Debtors engaged Jones Day as general counsel; Richards, Layton
& Finger, P.A., as local counsel; Lazard Freres & Co, LLC as
investment banker; Alvarez & Marsal North America LLC as financial
advisor; and Kurtzman Carson Consultants LLC as claims and noticing
agent.

Reed Smith LLP represents the committee.


TA CHUAN: 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 Ta Chuan, LLC.

Ta Chuan, LLC sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. M. D. Tenn. Case No. 16-03280) on May 6, 2016.  The
petition was signed by Florine Steele, member.

The case is assigned to Judge Marian F. Harrison.

At the time of the filing, the Debtor disclosed $2.40 million in
assets and $1.31 million in liabilities.


TCR III INC: Objects to Secured Lenders' Chapter 11 Plan
--------------------------------------------------------
The debtors -- TCR III, Inc. (f/k/a America House One, Inc.) (the
"Manassas" location); TCR IV, Inc. (f/k/a America House Two, Inc.)
(the "Orange" location); TCR V, Inc. (f/k/a America House Three,
Inc.) (the "Stephens City" location); TCR VI, Inc.; and America
House Assisted Living of Front Royal, L.L.C. (the "Front Royal"
location) -- tell the U.S. Bankruptcy Court for the Eastern
District of Virginia that their secured lenders -- TC10 Grantor
Trust and TS Cambridge Grantor Trust -- lack standing to propose a
joint plan for the Debtors.  Therefore, the Disclosure Statement
accompanying the Secured lenders' Plan should be thrown to the
trash bin.

They tell the Court that TC10 Grantor Trust has a claim against TCR
III, Inc., TCR IV, Inc., and TCR V, Inc., but has no claim against
nor interest in Front Royal.  Conversely TS Cambridge has a claim
against Front Royal, but has no claim against nor interest in TCR
III, Inc., TCR IV, Inc., and TCR V, Inc.

Because TC10 Grantor Trust lacks a claim against Front Royal, and
TS Cambridge lacks a claim against TCR III, Inc., TCR IV, Inc., and
TCR V, Inc., the Secured Lenders do not have standing to propose a
"joint plan".

The Debtors also contend that the Court entered an order jointly
administering the cases, but did not substantively consolidate the
estates. The Disclosure Statement, however, appears to improperly
substantively consolidate the estates.  Because some estates may be
solvent, and others insolvent, substantive consolidation is
improper, the Debtors assert.

The Debtors dispute that all of the Secured Lenders claims are
secured claims.  They also object to the extent that the Plan and
Disclosure Statement state specific dollar amounts for claims
rather than more generalized terminology (e.g. "allowed claims").

They also contend that there is equity, contrary to what the
Lenders' Plan indicates, because the $11,100,000 total value of the
Debtors' facilities exceeds the $9,456,029.08 total obligations
owed to TC10 Grantor Trust.

The Debtors are represented by:

     Roy M. Terry, Jr., Esq.
     William A. Gray, Esq.
     John C. Smith, Esq.
     SANDS ANDERSON PC
     P.O. Box 1998
     Richmond, VA 23218-1998
     Telephone: 804.648.1636

Alexander McDonald Laughlin, Esq. -- alex.laughlin@ofplaw.com --
represents TC10 Grantor Trust and TS Cambridge Grantor Trust.

Thomas W. Waldrep, Jr., Esq. -- bankruptcy@wcsr.com -- represents
Interested Party Meridian Senior Living, LLC.

TCR III, Inc. (f/k/a America House One, Inc.) (the "Manassas"
location); TCR IV, Inc. (f/k/a America House Two, Inc.) (the
"Orange" location); TCR V, Inc. (f/k/a America House Three, Inc.)
(the "Stephens City" location); TCR VI, Inc.; and America House
Assisted Living of Front Royal, L.L.C. (the "Front Royal"
location), filed separate Chapter 11 bankruptcy petitions (Bankr.
E.D. Va. Case Nos. 15-14162, 15-14163, 15-14165, 15-14168 and
15-14169) on November 24, 2015.  The Debtors operate senior care
facilities.  The Hon. Brian F. Kenney presides over the cases.
Lawyers at Sands Anderson PC, serve as counsel to the Debtors.

TCR III estimated $1 million to $10 million in both assets and
liabilities.  The petitions were signed by Charles V. Rice,
president.


THOMAS GOLDSTEIN: To Pay Unsecureds 100% in 4 Yrs, Plus Interest
----------------------------------------------------------------
Thomas J. Goldstein, OD, P.A. D/B/A Pearl Vision #8636's, filed
with the U.S. Bankruptcy Court in San Antonio, Texas, a Chapter 11
plan and Disclosure Statement.

According to the Plan, the holders of allowed unsecured claims in
Class 7 will be paid over a period of 48 months, the entire 100% of
the debt, with 3% interest per year.

Class 7 Unsecured claims total $936,840.86.

A copy of the Disclosure Statement is available at:

          http://bankrupt.com/misc/txwb15-52167-0071.pdf

Thomas J. Goldstein, OD, P.A. D/B/A Pearl Vision #8636's, is
principally engaged and licensed to determine powers of vision and
contact lenses and eye glass prescriptions and sell eye glasses and
contact lenses.  He filed a Chapter 11 petition (Bankr. W.D. Tex.
Case No. 15-52167) on September 3, 2015.

The Debtor is represented in the case by:

     James S. Wilkins, Esq.
     WILLIS & WILKINS, L.L.P.
     711 Navarro Street, Suite 711
     San Antonio, TX 78205-1711
     Tel: (210) 271-9212
     E-mail: jwilkins@stic.net


TIBCO SOFTWARE: Bank Debt Trades at 8% Off
------------------------------------------
Participations in a syndicated loan under which TIBCO Software is a
borrower traded in the secondary market at 92.19
cents-on-the-dollar during the week ended Friday, June 24, 2016,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents an increase of 0.34 percentage points from the
previous week.  TIBCO Software pays 550 basis points above LIBOR to
borrow under the $1.65 billion facility. The bank loan matures on
Nov. 18, 2020 and carries Moody's B1 rating and Standard & Poor's
B- rating.  The loan is one of the biggest gainers and losers among
247 widely quoted syndicated loans with five or more bids in
secondary trading for the week ended June 24.


TIRES R US: Georgilis' Contempt Bid vs. Vehifax Denied
------------------------------------------------------
Judge Elizabeth S. Stong of the United States Bankruptcy Court for
the Eastern District of New York denied the motion filed by Steven
Georgilis seeking entry of an order holding Vehifax Corp. in civil
contempt for violating a stipulation entered in the Chapter 11
bankruptcy case of Tires R Us Ltd.; imposing sanctions and damages,
including attorneys' fees, against Vehifax; staying any and all
actions or proceedings commenced by Vehifax against him and others
in connection with a judgment obtained in an action pending in New
York Supreme Court, Suffolk County, Index No. 06126/12 (the
"Suffolk County Action") and preventing Vehifax from taking any
action to enforce the judgment entered in that action; and
directing the New York Supreme Court, Suffolk County to vacate the
judgment in that action and to dismiss the Suffolk County Action
with prejudice.

The bankruptcy case is In re: TIRES R US LTD, Chapter 11, Debtor,
Case No. 1-11-50395-ess (Bankr. E.D.N.Y.).

The adversary proceeding is VEHIFAX CORP. Plaintiff, v. STEVEN
GEORGILIS, et al., Defendants, Adv. Pro. No. 1-15-01007-ess (Bankr.
E.D.N.Y.).

A full-text copy of Judge Stong's June 17, 2016 memorandum decision
is available at https://is.gd/bF15gm from Leagle.com.

Vehifax Corp. is represented by:

          Richard A. Kraslow, Esq.
          425 Broad Hollow Road, Suite 206
          Melville, NY 11747
          Tel: (631)756-8300
          Fax: (631)756-3684


TK SERVICES: Plan Violates Absolute Priority Rule, Panel Says
-------------------------------------------------------------
The Official Committee of Unsecured Creditors objects to the
Disclosure Statement explaining the Chapter 11 plan of
Reorganization of TK Services, Inc.

TK Services filed the Plan documents on April 15, 2016, after the
Court denied the Debtors' request to extend the Plan and Disclosure
Statement filing deadline beyond April 15, 2016.  According to the
Committee, the Disclosure Statement, in its current form, is devoid
of meaningful information that would assist creditors in making a
decision to vote on the Debtor's Plan or warrant approval before
this Court. The Committee continues to work cooperatively with the
Debtor and other interested parties to reach a consensual plan and
disclosure statement.

The Committee notes that the parties have made substantial progress
on adequately addressing a number of open issues regarding the
Debtor's proposed plan and disclosure statement. The Committee
remains hopeful that the remaining open issues will be dealt with
prior to the hearing to be conducted on the Disclosure Statement on
June 23.  In that regard, the parties are in the process of
modifying the documents to reflect the agreements reached thus far
by the parties. Notwithstanding, and the progress that has been
made to date, to the extent that the parties are unable to reach
accord on any remaining issues prior to the Disclosure Statement
Hearing, the Committee files this Objection to preserve its rights
in that regard. Further, the Committee reserves any and all rights
to respond and/or object to any subsequent efforts by the Debtor to
revise, amend, or change the Disclosure Statement.

The Committee contends that the Plan, in its current form, allows
Edward J. Kim -- the Debtor's sole shareholder and President -- to
retain his equity interests in the Debtor despite the fact that
classes of creditors stand to collect only a fraction of their
allowed claims, in violation of the Absolute Priority Rule, 11
U.S.C. Sec. 1129(b)(2)(B).

The unsecured creditors, grouped into Classes 3 and 4 stand to
receive at best, only a portion of their allowed claims. The other
possibility under the Plan is that the unsecured creditors receive
nothing.

Under the best case scenario, Class 3 creditors will split
$19,419.00 pro-rata. Under the current Plan the Class 4 unsecured
creditors might receive payment if the Debtor generates at least
$900,000.00 per month during the first year following Plan
confirmation.

Even if the Debtor reaches this financial threshold, Class 4
creditors will not be paid in full.

Edward intends to retain his equity interests in the Debtor based
on an argument that the Debtor meets the "new value" exception to
the absolute priority rule.  The "new value" proposed in the Plan
is the waiver of Jeong Kim's $100,000.00 unsecured claim.  Jeong is
the mother of Edward, and thus is an insider as that term is
defined in the Bankruptcy Code. As an insider claim, arguably this
claim could be subordinated to all non-insider unsecured claims,
the Committee argues.

Furthermore, this new value "contribution" does not come from the
Debtor's equity holder but rather a creditor of the estate. In this
proposal, equity is not the source of new value. And more
importantly, waiver of a $100,000.00 unsecured claim provides no
value to the estate.

"There is a high likelihood that unsecured creditors will receive
no distribution on account of their allowed claims, and reducing
the unsecured creditor pool by $100,000.00 or any amount for that
matter provides no additional value or greater chance of recovery
for unsecured claim holders. New value traditionally comes in the
form of a cash infusion by equity holders to make a distribution to
holders of allowed unsecured claims. However, that is not the case
here, and the Debtor's argument that the new value exception to the
absolute priority rule fails. Absent a consensual plan, the Debtor
cannot proceed with confirmation through the Bankruptcy Code's
cramdown provision," the Committee says.

The Committee is represented by:

     Jonathan L. Gold, Esq.
     LeClairRyan, A Professional Corporation
     2318 Mill Road, Suite 1100
     Alexandria, VA 22314
     Tel: (703) 647-5921
     Fax: (703) 684-8075

TK Services Inc., based in Alexandria, Virginia, filed a Chapter 11
petition (Bankr. E.D. Va. Case No. 14-11062) on March 23, 2014.
The Hon. Brian F. Kenney presides over the case.  The Debtor is
represented by the Law Offices of Christopher S. Moffitt, Esq.  In
its petition, TK Services estimated $1 million to $10 million in
both assets and liabilities.  The petition was signed by Joseph E.
Kim, president.


TLB CONTRACTING: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: TLB Contracting, LLC
        7918 Middle Road
        Rome, NY 13440

Case No.: 16-60895

Chapter 11 Petition Date: June 24, 2016

Court: United States Bankruptcy Court
       Northern District of New York (Utica)

Judge: Hon. Diane Davis

Debtor's Counsel: Francis J. Brennan, Esq.
                  NOLAN & HELLER, LLP
                  39 North Pearl Street
                  Albany, NY 12207
                  Tel: 518 449-3300
                  E-mail: fbrennan@nolanandheller.com

Total Assets: $1.29 million

Total Liabilities: $2.07 million

The petition was signed by Corey Boshart, managing member.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/nynb16-60895.pdf


TOWNRIDGE INC: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Townridge, Inc.
           dba Best Western Sunridge Inn
        One Sunridge Lane
        Baker City, OR 97814

Case No.: 16-32482

Chapter 11 Petition Date: June 25, 2016

Court: United States Bankruptcy Court
       District of Oregon

Judge: Hon. Trish M Brown

Debtor's Counsel: D. Blair Clark, Esq.
                  LAW OFFICES OF D. BLAIR CLARK PC
                  1513 Tyrell Ln # 130
                  Boise, ID 83706
                  Tel: (208) 475-2050
                  Fax: (208) 475-2055
                  E-mail: dbc@dbclarklaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Carl Town, owner/President.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/orb16-32482.pdf


TRINQUILITY CORP: Case Summary & 4 Unsecured Creditors
------------------------------------------------------
Debtor: Trinquility Corp.
        1715 Lacombe Ave, # 1A
        Bronx, NY 10473-4281

Case No.: 16-11833

Chapter 11 Petition Date: June 24, 2016

Court: United States Bankruptcy Court
       Southern District of New York (Manhattan)

Judge: Hon. James L. Garrity Jr.

Debtor's Counsel: Irene M Costello, Esq.
                  SHIPKEVICH, PLLC
                  65 Broadway, 508
                  New York, NY 10006
                  Tel: 646-588-2795
                  Fax: 888-568-5815
                  E-mail: icostello@shipkevich.com

Total Assets: $2.38 million

Total Liabilities: $339,511

The petition was signed by Rudy Arzuaga, president.

A copy of the Debtors' list of 20 largest unsecured creditors --
listing only 4 entities -- is available for free at
http://bankrupt.com/misc/nysb16-11833.pdf


TRONOX INC: Bank Debt Trades at 4% Off
--------------------------------------
Participations in a syndicated loan under which Tronox Inc is a
borrower traded in the secondary market at 95.94
cents-on-the-dollar during the week ended Friday, June 24, 2016,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents a decrease of 0.58 percentage points from the
previous week.  Tronox Inc pays 300 basis points above LIBOR to
borrow under the $1.5 billion facility. The bank loan matures on
March 15, 2020 and carries Moody's B1 rating and Standard & Poor's
BB rating.  The loan is one of the biggest gainers and losers among
247 widely quoted syndicated loans with five or more bids in
secondary trading for the week ended June 24.


TXU CORP: Bank Debt Trades at 66% Off
-------------------------------------
Participations in a syndicated loan under which TXU Corp is a
borrower traded in the secondary market at 33.94
cents-on-the-dollar during the week ended Friday, June 24, 2016,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents an increase of 0.33 percentage points from the
previous week.  TXU Corp pays 450 basis points above LIBOR to
borrow under the $15.367 billion facility. The bank loan matures on
Oct. 10, 2017 and carries Moody's WR rating and Standard & Poor's
NR rating.  The loan is one of the biggest gainers and losers among
247 widely quoted syndicated loans with five or more bids in
secondary trading for the week ended June 24.


VALEANT PHARMACEUTICALS: Bank Debt Trades at 2% Off
---------------------------------------------------
Participations in a syndicated loan under which Valeant
Pharmaceuticals is a borrower traded in the secondary market at
97.63 cents-on-the-dollar during the week ended Friday, June 24,
2016, according to data compiled by LSTA/Thomson Reuters MTM
Pricing.  This represents a decrease of 0.17 percentage points from
the previous week.  Valeant Pharmaceuticals pays 400 basis points
above LIBOR to borrow under the $0.99 billion facility. The bank
loan matures on Dec. 11, 2019 and carries Moody's Ba2 rating and
Standard & Poor's BB- rating.  The loan is one of the biggest
gainers and losers among 247 widely quoted syndicated loans with
five or more bids in secondary trading for the week ended June 24.


VENOCO INC: Wants Exclusive Plan Filing Deadline Moved to Sept. 16
------------------------------------------------------------------
Venoco, Inc., et al., ask the U.S. Bankruptcy Court for the
District of Delaware to extend the periods during which the Debtors
have the exclusive right: (i) to file Chapter 11 plans through and
including Sept. 16, 2016; and (ii) to solicit acceptances of the
plan through and including Nov. 15, 2016.

A hearing on the Debtors' request is set for July 13, 2016, at
11:00 a.m. (ET).  Objections to the request must be filed by July
6, 2016, at 4:00 p.m. (ET).

Based on the Petition Date, the current Exclusive Filing Period
under Section 1121(b) of the Bankruptcy Code extends through July
18, 2016, and the current Exclusive Solicitation Period under
Section 1121(c)(3) of the Bankruptcy Code extends through Sept. 14,
2016, absent further court order.  The Debtors are soliciting votes
on the Plan.  The Confirmation Hearing is scheduled for July 13,
2016, and the Debtors expect to proceed on a largely consensual
basis.  Out of an abundance of caution, however, the Debtors seek
an extension of the Exclusive Periods to file and solicit
acceptances of a Chapter 11 plan.  The Debtors believe that
maintaining the exclusive right to file and solicit votes on a plan
is critical in the event the current Plan is not confirmed.

While the Debtors have no intention of delaying the Confirmation
Hearing, the Debtors respectfully submit that additional time may
be necessary for them to propose a Chapter 11 plan or plans and
solicit acceptances of the plan.  If so, the Debtors wish to do so
free of any interference from creditors or other parties in
interest.

The Debtors' Chapter 11 cases involve eight Debtors with
significant assets, substantial funded indebtedness, other secured
debt and hundreds of unsecured creditors.  Further, the Debtors are
operating their businesses in a very uncertain E&P environment.
Due to the macroeconomic pressures from the historic decline in
commodity prices, the markets evolve daily, making the Debtors'
restructuring even more complex and challenging.  The size,
circumstances, and complexity of the Debtors' Chapter 11 cases, and
the Debtors' progress to date meeting their obligations as debtors
in possession constitute sufficient evidence standing alone to
warrant the requested extension of the Exclusive Periods.

While the Debtors may not need an exclusivity extension, the
Debtors seek one now out of an abundance of caution and in an
effort to preserve value for their bankruptcy estates.  Without an
extension, if the Plan is not confirmed the Debtors may face
distracting, value-destructive behavior over a competing Chapter 11
plan while the Debtors propose a new plan.

The Debtors are paying their postpetition debts as they come due.
The availability of borrowings under the DIP Credit Agreement
provides added assurance that the Debtors will continue to meet
their postpetition obligations to operate their businesses in the
ordinary course.  The Debtors submit this factor weighs in favor of
an extension of the Exclusive Periods.

The Debtors' counsel can be reached at:

     MORRIS, NICHOLS, ARSHT & TUNNEL LLP
     Robert J. Dehney, Esq.
     Andrew R. Remming, Esq.
     Erin R. Fay, Esq.
     1201 North Market Street, 16th Floor
     P.O. Box 1347
     Wilmington, Delaware 19899
     Tel: (302) 658-9200
     Fax: (302) 658-3989
     E-mail: rdehney@mnat.com
             aremming@mnat.com
             efay@mnat.com

          -- and --

     BRACEWELL LLP
     Robert G. Burns, Esq.
     Robin J. Miles, Esq.
     1251 Avenue of Americas, 49th Floor
     New York, New York 10020-1104
     Tel: (212) 508-6100
     Fax: (800) 404-3970
     E-mail: Robert.Burns@bracewelllaw.com
             Robin.Miles@bracewelllaw.com

          -- and --

     BRACEWELL LLP
     Mark E. Dendinger, Esq.
     CityPlace I, 34th Floor
     185 Asylum Street
     Hartford, Connecticut 06103
     Tel: (860) 947-9000
     Fax: (800) 404-3970
     E-mail: Mark.Dendinger@bracewelllaw.com

                        About Venoco, Inc.

Headquartered in Denver, Colorado, Venoco, Inc., Denver Parent
Corporation, TexCal Energy (LP) LLC, Whittier Pipeline Corporation,
TexCal Energy (GP) LLC, Ellwood Pipeline, Inc., and TexCal Energy
South Texas, L.P. are independent energy companies primarily
focused on the acquisition, exploration, production and Development
of oil and gas properties in California.  As of the Petition Date,
the Debtors held interests in approximately 72,053 net acres in
California, of which 48,836 are developed.  As of the Petition
Date, the Debtors employed approximately 160 people.

The Debtors were founded by Timothy M. Marquez in Carpinteria,
California in 1992.  In January 2012, Denver Parent Company, an
affiliate of Mr. Marquez, who then owned 50% of the outstanding
shares of Venoco common stock, took the company private again by
acquiring all of the outstanding common stock for $12.50 per
share.

After going private in January 2012, the Debtors were left with
significant debt obligations, which in 2012 exceeded $845 million,
as disclosed in filings with the Court.  Between 2012 and 2014, the
Debtors completed a number of asset sales, generating over $470
million in net proceeds for capital expenditures and for paydowns
of the debt.

Venoco, Inc., et al., filed Chapter 11 bankruptcy petitions (Bankr.
D. Del. Proposed Lead Case No. 16-10655) on March 18, 2016.  The
Debtors estimated assets in the range of $100 million to $500
million and debts of up to $1 billion.  Hon. Kevin Gross has been
assigned the cases.

The Debtors have hired Morris, Nichols, Arsht & Tunnell, LLP, and
Bracewell LLP as counsel; PJT Partners LP as financial advisor;
Deloitte LLP as restructuring advisor; Ernst & Young LLP as
independent auditor and tax advisor and BMC Group, Inc., as notice,
claims and balloting agent.


VUZIX CORP: Stockholders Elect Five Directors
---------------------------------------------
Vuzix Corporation held its annual meeting of stockholders on
June 20, 2016, at which Paul J. Travers, Grant Russell, Edward Kay,
Alexander Ruckdaeschel and Michael Scott were each elected as a
director of the Company to serve until the next annual meeting of
stockholders or until their successors have been elected and
qualified.  The stockholders ratified the board of directors'
appointment of Freed Maxick, CPAs, P.C. as the Company's
independent registered public accounting firm for 2016, and
approved, on an advisory basis, the compensation disclosed in the
Company's proxy statement of the Company's named executive
officers.

On June 20, 2016, Paul Boris was appointed to the board of
directors of Vuzix Corporation.  Mr. Boris will serve on the
nominating and compensation committees of the Company's board of
directors.  Mr. Boris had previously been appointed to the board of
directors on June 1, 2016, and his initial term expired at the
shareholder meeting.

                       About Vuzix Corporation

Vuzix -- http://www.vuzix.com/-- is a supplier of Video Eyewear
products in the consumer, commercial and entertainment markets.
The Company's products, personal display devices that offer users
a portable high quality viewing experience, provide solutions for
mobility, wearable displays and virtual and augmented reality.
Vuzix holds 33 patents and 15 additional patents pending and
numerous IP licenses in the Video Eyewear field.  Founded in 1997,
Vuzix is a public company with offices in Rochester, NY, Oxford,
UK and Tokyo, Japan.

Vuzix Corporation reported a net loss attributable to common
stockholders of $14.94 million on $2.74 million of total
sales for the year ended Dec. 31, 2015, compared to a net loss
attributable to common stockholders of $7.86 million on $3.03
million of total sales for the year ended Dec. 31, 2014.

As of March 31, 2016, Vuzix had $15.7 million in total assets,
$3.13 million in total liabilities and $12.55 million in total
stockholders' equity.


WARREN RESOURCES: Hires Andrews Kurth as Counsel
------------------------------------------------
Warren Resources, Inc., and its debtor-affiliates seek permission
from the U.S. Bankruptcy Court for the Southern District of Texas
to employ Andrews Kurth LLP as counsel, nunc pro tunc to June 2,
2016.

The Debtors require Andrews Kurth to:

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

     b. advise and consult on the conduct of these chapter 11
cases, including all of the legal and administrative requirements
of operating in chapter 11;

     c. attend meetings and negotiate with representatives of
creditors and other parties in interest;

     d. take all necessary actions to protect and preserve the
Debtors' estates, including prosecuting actions on the Debtors'
behalf, defending any actions commenced against the Debtors and
representing the Debtors in negotiations concerning litigation in
which the Debtors are involved including prosecuting objections to
claims filed against the Debtors' estates;

     e. prepare pleadings in connection with these chapter 11
cases, including motions, applications, answers, draft orders,
reports and other documents necessary or otherwise beneficial to
the administration of the Debtors' estates;

     f. represent the Debtors in connection with obtaining
authority to use cash collateral and obtain postpetition
financing;

     g. appear before the Court and any appellate courts to
represent the interest of the Debtors' estates;

     h. advise the Debtors regarding tax matters;

     i. take any necessary actions on behalf of the Debtors to
negotiate, prepare and obtain approval of disclosure statement and
confirmation of a chapter 11 plan of reorganisation and all
documents related thereto; and

     j. perform all other necessary legal services for the Debtors
in connection with the prosecution of these Chapter 11 cases,
including: (i) analyzing the Debtors' swap agreements, hedging
arrangements and other forward contracts; (ii) analyzing the
Debtors' leases and contracts and the assumption and assignment or
rejection thereof; (iii) analyzing the validity of liens asserted
against the Debtors and their assets; and (iv) advising the Debtors
on other corporate and litigation matters.

Andrews Kurth will be paid at these hourly rates:

     Partners                    $475-$1300
     Associates                  $325-$725
     Paraprofessionals           $225-$395

Within the year prior to the Petition Date, Andrews Kurth received
approximately $1,381,370.81 in connection with restructuring
advice, bankruptcy related services and counseling.  The firm also
received approximately $388,005.21 for the matters not related to
restructuring advice or bankruptcy in the year prior to the
Petition Date. Andrews Kurth has received and holds a retainer for
services to be performed and reimbursement related expenses in the
prosecution of these chapter 11 cases of approximately
$294,914.58.

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

Timothy A. "Tad" Davidson II, partner of the law firm Andrews Kurth
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.

The firm intends to make a reasonable effort to comply with the
Guidelines for Reviewing Applications for Compensation and
Reimbursement of Expenses Filed Under United States Code by
Attorneys in Larger Chapter 11 Cases.

Andrews Kurth may be reached at:

    Timothy A. "Tad" Davidson II    
    Andrews Kurth LLP
    600 Travis, Suite 4200
    Houston, TX 77002
    Tel: (713)220-3810
    Fax: (713)220-4285
    E-mail: taddavidson@andrewskurth.com

                         About Warren Resources

Warren Resources Inc., is an independent energy company engaged in
the exploration, development and production of domestic onshore
crude oil and natural gas reserves.  It is primarily focused on
the development of its waterflood oil recovery properties in the
Wilmington field within the Los Angeles Basin of California, its
position in the Marcellus Shale gas in northeastern Pennsylvania
and its coalbed methane, or CBM, natural gas properties located in
Wyoming.

The Debtors listed total assets of $230 million and total debt of
$545 million.

Warren Resources, Inc., Warren E&P, Inc., Warren Resources
of
California, Inc., Warren Marcellus LLC, Warren Energy
Services, LLC and Warren Management Corp. each filed a voluntary
petition under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Tex.
Proposed Lead Case No. 16-32760) on June 2, 2016.

The Debtors have hired Andrews Kurth LLP as counsel, Jefferies LLC
as investment banker, Deloitte Transactions and Business Analytics
LLP as restructuring advisor and Epiq Bankruptcy Solutions, LLC as
claims, balloting and noticing agent.

Judge Marvin Isgur has been assigned the cases.

Counsel to the Prepetition First Lien Lenders:

          Gregory F. Pesce, Esq.
          Kirkland & Ellis LLP
          300 North LaSalle
          Chicago, IL 60654
          E-mail: gregory.pesce@kirkland.com

Counsel to the Senior Noteholders:

          Erez E. Gilad, Esq.
          Jayme T. Goldstein, Esq.
          Stroock & Stroock & Lavan LLP
          180 Maiden Lane
          New York, NY 10038-4982
          E-mail: egilad@stroock.com
                  jgoldstein@stroock.com


WARREN RESOURCES: Hires Epiq as Claims and Noticing Agent
---------------------------------------------------------
Warren Resources, Inc., and its debtor-affiliates seek permission
from the U.S. Bankruptcy Court for the Southern District of Texas
to employ Epic Bankruptcy Solutions, LLC as Claims and Noticing
Agent, nunc pro tunc to June 2, 2016.

The Debtors require Epiq to:

     a. prepare and serve required notices and documents in these
chapter 11 cases in accordance with the Bankruptcy Code and the
Bankruptcy Rules in the form and manner described by the Debtors
and/or the Court, including, if applicable, (i) notice of
commencement of these chapter 11 cases and the initial meeting of
creditors under section 341(a) of the Bankruptcy Code, (ii) notice
of any claims bar date, (iii) notices of transfers of claims,
notices of objections to claims and objections to transfers of
claims, (iv) notices of any hearings on a dislocate statement and
confirmation of the Debtors' chapter 11 plan, including under
Bankruptcy Rule 3017(d), (v) notice of the effective date of any
chapter 11 plan, and (vi) all other notices, orders, pleadings,
publications, and other documents necessary as the Debtors and/or
the Court may deem necessary or appropriate for an orderly
administration of these chapter 11 cases;

     b. prepare and file or cause to be filed with the Clerk an
affidavit or certificate of service for all notices, motions,
orders, other pleadings, or documents served within seven business
days service that includes (i) either a copy of the notice served
or the docket number(s) and title(s) of the pleading(s) served,
(ii) a list of persons to whom it was mailed (in alphabetical
order) with their addresses, (iii) manner of service, and (iv) the
date served;

     c. assist the Debtors with administrative tasks in the
preparation of their bankruptcy Schedules of Assets and Liabilities
("Schedules") and Statements of Financial Affairs ("Statements"),
including (as needed): (i) coordinating with the Debtors and their
advisors regarding the Schedules and Statements process,
requirements, timelines and deliverables; (ii) creating and
maintaining database for maintenance and formatting of Schedules
and Statements date;  (iii) coordinating collection of data from
the Debtors and their advisors; and (iv) providing data entry and
quality assurance assistance regarding Schedules and Statements;

     d. maintain (i) a list of all potential creditors , equity
holders, and other parties in interest, and (ii) a "core" mailing
list consisting of all parties described in Bankruptcy Rule 2002
and those parties that have filed a notice of appearance pursuant
to Bankruptcy Rule 9010;

     e. furnish a notice to all potential creditors of the last
date for filing proofs of claim and a form for filing a proof of
claim, after such notice and form are approved by the Court, and
notifying potential creditors of the existence, amount, and
classification of their respective claims as seth forth in the
Schedules, which may be affected by inclusion of such information
(or the lack thereof, in cases where the Schedules indicate no debt
due to the subject party) on a customized proof of clim form
provided to potential creditors;

     f. maintain a post office box or address for the purpose of
receiving claims and returned mail, and processing all mail
received;

     g. process all proofs of claim received, including those
received by the Clerk's office, and checking said processing for
accuracy, and maintaining the original proofs of claim in a secure
area;

     h. maintain the official claims register for each Debtor
(collectively, "Claims Registers") on behalf of the Clerk; upon the
Clerk's request, provide the Clerk with certified, duplicate
unofficial Claims Registers; and specify in the Claims Registers
the following information for each claim docketed; (i) the claim
number assigned, (ii) the date received, (iii) the name and address
of the claimant and agent, if applicable, who filed the claim, (iv)
the amount asserted, (v) the asserted classification(s) of the
claim (e.g., secured, unsecured, priority, etc.), (vi) the
applicable Debtor and (vii) any disposition of the claim;

     i. implement necessary security measures to ensure the
completeness and integrity of the Claims Registers and the
safekeeping of the original claims; record all transfer of claims
and provide any notices of such transfers as required by Bankruptcy
Rule 3001(e);

     j. relocate, by messenger or overnight delivery, all of the
court-files proofs of claim to the offices of Epiq, not less that
weekly;

     k. upon completion of the docketing process for all claims
received to date for each case, turn over to the clerk copies of
the Claims Registers for the Clerk's review (upon the Clerk's
request);

     l. monitor the Court's docket for all notices of appearance,
address changes, and claims-related pleadings and orders filed and
make necessary notations on and/or changes to the claims register
and any services or mailing lists, including to identify and
eliminate duplicative names and addresses from such lists;

     m. assist in the dissemination of information to the public
and respond to requests for administrative information regarding
these chapter 11 cases as directed by the Debtors or the Court,
including through the use of as website and/or call center;

     n. 30 days prior to the close these case, to the extent
practicable requesting that the Debtor submit to the Court a
proposed order dismissing Epiq and terminating Epiq's services upon
completion of its duties and responsibilities and upon the closing
of these cases;

     o. within seven day's notice to Epiq of entry of order closing
the chapter 11 cases, provide to the Court the final version of the
Claims Registers as of the date immediately before the close of
these chapter 11 cases; and

     p. at the close of these chapter 11 cases, boxing and
transporting all original documents, in proper format, as provided
by the Clerk's office, to (i) the Federal Archives Record
Administration, located at Central Plains Region, 200 Space Center
Drive, Lee's Summit, Missouri 64064 or (ii) any other location
requested by the Clerk's Office;

     q. coordinate publication of certain notices in periodicals
and other media;

     r. distribute claim acknowledgement cards to creditors having
file a proof of claim or interest, as applicable;

     s. provide balloting services in connection with the
solicitation process for any prepackaged or prearranged chapter 11
plan or any chapter 11 plan for which a disclosure statement has
been approved by the court,including ( as needed);

     t. provide state-of-the-art call centre facility and services,
including (as needed): (i) creating of frequently asked questions,
call scripts, escalation procedures and call log formats; (ii)
recording automated messaging; (iii) training call centre staff;
and (iv) maintaining and transmitting call log to the Debtors and
their advisors; and

     u. provide such other claims, processing, noticing and related
administrative services as may be requested from time to time by
the Debtors.

The Debtors agreed to pay Epiq according to these rates:

Claims and Noticing Rates

    Clerical/Administrative Support               $25-$45
    Case Manager                                  $50-$80
    IT/Programming                                $65-$100
    Sr. Case Manager/Dir. of Case Management      $75-$150
    Consultant/Sr. Consultant                     $45-$185
    Director/Vice President Consulting            $190
    Executive VP-Solicitation                     $200
    Executive VP-Consulting                       waived

Noticing Rates

   Printing                                      $0.09/image
                                       (volume discounts apply)
   Personalization/Labels                        $0.05 each
   Envelopes                                    Varies by Size
   Document Folding and Inserting                No Charge
   Postage/Overnight Delivery                    At Cost
   E-mail Noticing                               waived
   Fax Noticing                                  $0.05 per page
   Claim Acknowledgement Letter                  $0.10 per page
   Publication Noticing               Quoted at time of Request
   Processing Undeliverable Mail                 $0.25
   CD-Rom                                        $5.00/CD
                                     single setup charge waived

Data Management Services
   
   Database Maintenance                  $0.09 per record/month
   Data Import/Transfer                  No per creditor charge
   Electronic Imaging                             $0.05/image
   Weblink Hosting Fee                            $100/month
   Update Website case docket
     including all filed pleadings                No Charge
   Web-based Claims Reconciliation Tool
     (unlimited Users)                            No Charge
   CD-ROM (Mass Document Storage)     Quoted at time of Request
   Document Storage (paper)                       $2.00 per box
                    (electronic)   No per creditor/image charge  
On-Line Claim Filing Services
    
    On-Line Claim Filing                         No Charge

Call Centre Services

    Standard Call Center Setup                   No Charge
    Call Centre Operator                         $55 per Hour
    Voice Recorded Message                     $0.34 per minute  

Virtual Data Room

     Confidential On-line Workspace   Quoted at time of Request

Disbursement Services

     Check and/or Form 1099           Quoted at time of Request
     Record to Transfer Agent         Quoted at time of Request

Other Service Rates

    Custom Software, Workflow           
    and Review Resources              Quoted at time of Request
    eDiscovery                       Quoted at time of Request,
                                     bundling pricing available

Prior to the Petition Date, the Debtors provided Epiq a retainer in
the amount of $43,853.72.

Brian Karpuk, Director with Epiq Bankruptcy Solutions, LLC, 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.

Epiq can be reached at:

       Brian Karpuk
       Epiq Bankruptcy Solutions, LLC
       777 Third Avenue, Third Floor
       New York, NY 10017
       Phone: +1 913 621 9561
       E-mail: bkarpuk@epiqsystems.com     

                       About Warren Resources

Warren Resources Inc., is an independent energy company engaged in
the exploration, development and production of domestic onshore
crude oil and natural gas reserves.  It is primarily focused on
the development of its waterflood oil recovery properties in the
Wilmington field within the Los Angeles Basin of California, its
position in the Marcellus Shale gas in northeastern Pennsylvania
and its coalbed methane, or CBM, natural gas properties located in
Wyoming.

The Debtors listed total assets of $230 million and total debt of
$545 million.Warren Resources, Inc., Warren E&P, Inc., Warren
Resources of
California, Inc., Warren Marcellus LLC, Warren
Energy Services, LLC and Warren Management Corp. each filed a
voluntary petition under Chapter 11 of the Bankruptcy Code (Bankr.
S.D. Tex. Proposed Lead Case No. 16-32760) on June 2, 2016.

The Debtors have hired Andrews Kurth LLP as counsel, Jefferies LLC
as investment banker, Deloitte Transactions and Business Analytics
LLP as restructuring advisor and Epiq Bankruptcy Solutions, LLC as
claims, balloting and noticing agent.

Judge Marvin Isgur has been assigned the cases.

Counsel to the Prepetition First Lien Lenders is Gregory F. Pesce,
Esq., at Kirkland & Ellis LLP.  Counsel to the Senior Noteholders
are Erez E. Gilad, Esq., and Jayme T. Goldstein, Esq., at Stroock &
Stroock & Lavan LLP.


WARREN RESOURCES: Hires Jefferies as Investment Banker
------------------------------------------------------
Warren Resources, Inc., and its debtor-affiliates seek permission
from the U.S. Bankruptcy Court for the Southern District of Texas
to employ Jefferies LLC as Investment Banker, nunc pro tunc to the
Petition Date.

The Debtors require Jefferies to:

     a. become familiar with and analyzing the business,
operations, properties, financial condition and prospects of the
Company;

     b. advise the Company on the current state of the
"restructuring market";

     c. assist and advise the Company on developing a general
strategy for accomplishing a Restructuring;

     d. assist the Company in implementing a Restructuring;

     e. assist and advise the Company in evaluating and analyzing a
Restructuring including the value of the securities or debt
instruments, if any, that may be issued in any such Restructuring;


     f. assist the Company with the sale and/or placement, whether
in one or more public or private transactions, of common equity,
preferred equity and/or equity-linked securities of the Company;

     g. assist the Company and provide financial advice in
connection with an M&A Transaction including, without limitation, a
merger, reverse merger, liquidation, stock purchase, asset
purchase, recapitalization, reorganization, consolidation,
amalgamation, sale under section 363 of the Bankruptcy Code or
other transaction;

     h. advise the Company in connection with any Financing
including, without limitation, a placement of the Debtors’ Equity
Securities or Debt;

     i. if requested by the Company, in connection with an M&A
Transaction, render a written fairness opinion (an "Opinion") in
accordance with Jefferies’ customary practice, as to the
fairness, from a financial point of view, to the Company or holders
of the Company’s common stock, as applicable, of such M&A
Transaction; and

     j. render other financial advisory services as may from time
to time be agreed upon by the Company and Jefferies.

Jefferies and the Debtors have agreed on these terms of
compensation and expense reimbursement:

     -- Monthly Fee. A monthly fee (the "Monthly Fee") equal to
$125,000 payable on the 15th day of each month until the expiration
or termination of the Engagement Letter.

     -- Restructuring Fee. Upon the consummation of a
Restructuring, a fee (the "Restructuring Fee") equal to 95 basis
points (0.95%) of the aggregate principal amount of all
indebtedness subject to the Restructuring.

     -- M&A Fee. Upon the consummation of a M&A Transaction, a fee
(the "M&A Fee") equal to 95 basis points (0.95%) of the Transaction
Value of such M&A Transactions.

     -- Financing Fee. Upon the consummation of each Financing, a
fee equal to the sum, without duplication of:

             i. 2.0% of the aggregate principal amount, without
duplication, of all newly issued first lien Debt issued, incurred
or made available to be issued or incurred pursuant to such
Financing, other than in exchange for any Existing Senior Debt.

            ii. 3.0% of the aggregate principal amount, without
duplication, of all other newly issued Debt issued, incurred or
made available to be issued or incurred pursuant to such Financing,
other than in exchange for any Existing Senior Debt; and

           iii. 4.5% of the aggregate gross proceeds of any newly
issued Equity Securities issued pursuant to such Financing, other
than in exchange for any existing Senior Debt.

During the 90-day period prior to the commencement of these cases,
Jefferies was paid in the ordinary course certain monthly and other
fees and expenses reimbursements under the Engagement Letter.
Specifically, Jefferies was paid: (a) $128,317.23 on account of its
Monthly Fee and related expense reimbursements and $300,000.00 on
account of its preparation and delivery of a strategic alternatives
report in accordance with Paragraph 4(f) of the Engagement Letter
on April 6, 2016 (which was shortly after the February 19, 2016
Engagement Letter was executed in mid to late March 2016); (b)
$126,811.98 on account of its April Monthly Fee and related expense
reimbursements on April 21, 2016; and (c) $132,245.10 on account of
its May Monthly Fee and related expense reimbursements on May 18,
2016. In addition, on March 16, 2016, Jefferies was also paid
$300,000.00 on account of fees due under the 2014 Engagement Letter
(which letter and all fee obligations were thereafter terminated by
entry into the current Engagement Letter). As of the Petition Date,
no other amounts were due and payable to Jefferies under the
Engagement Letter.

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

Richard Morgner, Managing Director and Joint Global Head of
Restructuring & Recapitalisation of Jefferies LLC, 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.

Jefferies may be reached at:

      Richard Morgner
      Jefferies LLC
      520 Madison Avenue, 12th Floor
      New York, NY 10022
      Phone: 212-284-2300

                    About Warren Resources

Warren Resources Inc., is an independent energy company engaged in
the exploration, development and production of domestic onshore
crude oil and natural gas reserves.  It is primarily focused on
the development of its waterflood oil recovery properties in the
Wilmington field within the Los Angeles Basin of California, its
position in the Marcellus Shale gas in northeastern Pennsylvania
and its coalbed methane, or CBM, natural gas properties located in
Wyoming.

The Debtors listed total assets of $230 million and total debt of
$545 million.Warren Resources, Inc., Warren E&P, Inc., Warren
Resources of California, Inc., Warren Marcellus LLC, Warren Energy
Services, LLC and Warren Management Corp. each filed a voluntary
petition under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Tex.
Proposed Lead Case No. 16-32760) on June 2, 2016.

The Debtors have hired Andrews Kurth LLP as counsel, Jefferies LLC
as investment banker, Deloitte Transactions and Business Analytics
LLP as restructuring advisor and Epiq Bankruptcy Solutions, LLC as
claims, balloting and noticing agent.

Judge Marvin Isgur has been assigned the cases.

Counsel to the Prepetition First Lien Lenders is Gregory F. Pesce,
Esq., at Kirkland & Ellis LLP.  Counsel to the Senior Noteholders
are Erez E. Gilad, Esq., and Jayme T. Goldstein, Esq., at Stroock &
Stroock & Lavan LLP.


WATERFORD FUNDING: Execution Writs, Levies vs John Stone Recalled
-----------------------------------------------------------------
Judge Allison Claire of the United States District Court for the
Eastern District of California has ordered the immediate recall of
all writs of execution, all notices of levies, and all notices of
judgment lien against John Stone.

The case is GIL A. MILLER, Chapter 11 Trustee for WATERFORD
FUNDING, LLC, et al., Plaintiffs, v. JOHN STONE, Defendant, No.
2:15-mc-0137 WBS AC (E.D. Cal.), relating to In re: WATERFORD
FUNDING, LLC, et al., Debtors.

A full-text copy of Judge Claire's June 16, 2016 order is available
at https://is.gd/3gg6gl from Leagle.com.

Gil A. Miller is represented by:

          Peggy Hunt, Esq.
          DORSEY & WHITNEY, LLP
          Kearns Building
          136 South Main Street, Suite 1000
          Salt Lake City, UT 84101-1685
          Tel: (801)933-7360
          Fax: (801)933-7373
          Email: hunt.peggy@dorsey.com

John Stone is represented by:

          Bruce J. Boehm, Esq.
          Cameron Cutler, Esq.
          MCKAY BURTON & THURMAN
          15 West South Temple, Suite 1000
          Salt Lake City, UT 84101
          Tel: (801)521-4135
          Fax: (801)521-4252

Baker Recovery Services is represented by:

          Brett H. Ramsaur, Esq.
          SNELL AND WILMER L.L.P.
          Plaza Tower
          600 Anton Boulevard, Suite 1400
          Costa Mesa, CA 92626-7689
          Tel: (714)427-7000
          Fax: (714)427-7799
          Email: bramsaur@swlaw.com

                    About Waterford Funding

Based in Salt Lake City, Utah, Waterford Funding, LLC --
http://www.waterfordfunding.com/-- specialized in solving the    
short-term cash flow problems of new, early-stage and established
commercial enterprises through real-estate based loans.  Waterford
Funding and Waterford Loan Fund filed for Chapter 11 bankruptcy
(Bankr. D. Utah Case No. 09-22584 and 09-22583) on March 20, 2009.

James W. Anderson, Esq., at Miller Guymon, PC, served as the
Debtors' counsel.  Waterford Loan Fund's petition estimated
$1 million to $10 million in assets, and $50 million to
$100 million in debts.

Affiliates Waterford Services LLC, Waterford Candwich LLC,
Waterford Perdido LLC, and Investment Recovery, L.C., also sought
Chapter 11 protection.

On Jan. 5, 2010, the Court approved the resignation of Daniel A.
Scarlet as Chief Restructuring Officer and the appointment of Gil
A. Miller as the Chapter 11 Trustee.

In January 2011, the Bankruptcy Court granted the Chapter 11
Trustee's request for substantive consolidation as of March 20,
2009, of the Debtors' cases.

The Chapter 11 Trustee is represented by Peggy Hunt, Esq., Benjamin
J. Kotter, Esq., AND Paul J. Justensen, Esq., at Dorsey & Whitney
LLP, in Salt Lake City, Utah.


WATERPROOFING UNLIMITED: 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 Waterproofing Unlimited, Inc.

Waterproofing Unlimited, Inc., is an S Corporation organized under
the laws of the State of Florida with its principal place of
business located at 103 Bass Ave, Fort Walton Beach, Florida.  It
filed for Chapter 11 bankruptcy protection (Bankr. N.D. Fla. Case
No. 16-30441) on May 11, 2016.  Teresa M. Dorr, Esq., at Zalkin
Revell, PLLC, serves as the Debtor's bankruptcy counsel.


WESTERN INDUSTRIAL: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------------
Debtor: Western Industrial LLC
        11709 Cyrus Way
        Mukilteo, WA 98275

Case No.: 16-13353

Chapter 11 Petition Date: June 24, 2016

Court: United States Bankruptcy Court
       Western District of Washington (Seattle)

Judge: Hon. Marc Barreca

Debtor's Counsel: Emily A Jarvis, Esq.
                  WELLS AND JARVIS, P.S.
                  500 Union St Ste 502
                  Seattle, WA 98101
                  Tel: 206-624-0088 Ext 4
                  E-mail: emily@wellsandjarvis.com

                    - and -

                  Jeffrey B Wells, Esq.
                  WELLS AND JARVIS, P.S.
                  500 Union St Ste 502
                  Seattle, WA 98101
                  Tel: 206-624-0088
                  E-mail: paralegal@wellsandjarvis.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Mark L Jackson, president.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/wawb16-13353.pdf


Y&K SUN: 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 Y&K Sun, Inc.

Y&K Sun, Inc. sought Chapter 11 protection (Bankr. D. Colo. Case
No. 16-14761) on May 12, 2016.  

The case judge is Hon. Howard R. Tallman.  The Debtor is
represented by Andrew D. Johnson, Esq., at Oonsager Guyerson
Fletcher Johnson.

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


                            *********

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
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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
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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
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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
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