TCR_Public/160629.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Wednesday, June 29, 2016, Vol. 20, No. 181

                            Headlines

207 AINSLIE: Conselyea Joins NY City's Case Dismissal Bid
7901 7TH AVENUE: Taps Wayne Greenwald as Legal Counsel
8 WEST 58TH: Updated Disclosures Okayed; Plan Hearing on July 26
ALBERT JACOBS: Troutman Sander's Bid to Intervene Denied
ALLIED FINANCIAL: Has Go Signal to Sell Guayabal Property for $75K

ALTOMARE AUTO: Case Summary & 20 Largest Unsecured Creditors
AMERICAN GREETINGS: S&P Raises CCR to 'BB-', Outlook Stable
AMERICAN LIBERTY: Plan Confirmation Hearing Set for July 25
ANACOR PHARMACEUTICALS: Acquired by Pfizer
ANTERO ENERGY: Court Approves Settlement Agreement with AIX

BANDHU DEVELOPMENT: Disclosure Statement Hearing Set for July 28
BBB INDUSTRIES: S&P Assigns 'B' Rating on $50MM Term Loan
BELFOR HOLDINGS: Moody's Rates Proposed $200MM Facility Ba3
BIONITROGEN HOLDINGS: Taps Frederick M. Lehrer as Special Counsel
BON-TON STORES: S&P Lowers CCR to CCC on Weakening Liquidity

CARL MEDGAUS: Small Business Plan Due Sept. 27
CDS US INTERMEDIATE: Moody's Affirms B2 CFR, Outlook Stable
CHOUDRIES INC: Seeks to Hire R. B. Hill as Accountant
CITICARE, INC: Patient Care Ombudsman Finds No Significant Issues
CLASSIC COMMUNITIES: To Sell Dorset Square Project for $202K

COMPUCOM SYSTEMS: Moody's Lowers CFR to Caa2, Outlook Negative
DAYTON POWER: Fitch Says Ohio Court Order Could Pressure Ratings
DAYTON SUPERIOR: S&P Affirms 'B' CCR, Outlook Remains Stable
DE LEON ENTERPRISES: Care of Residents Unaffected by Ch. 11 Cases
DEBRA L. RUSSELL: Plan Confirmation Hearing Set for July 14

DPL INC: S&P Puts 'BB' CCR on CreditWatch Negative
ENBRIDGE ENERGY: Moody's Affirms Ba1 Rating on Subordinate Shelf
ENERGY TRANSFER: Fitch Says Delaware Ruling Neutral to Ratings
EXPERT TRANSPORTATION: July 21 Plan, Disclosures Hearing
FIRST VISTA: Taps James P. Grissom as Bankruptcy Counsel

FIRST VISTA: Taps James P. Grissom as Legal Counsel
FPMI SOLUTIONS: Hires Yumkas Vidmar as Bankruptcy Counsel
FRAC SPECIALISTS: Taps Kruse Energy to Market Surplus Assets
GARRETSON'S MACHINE: Plan Confirmation Hearing Set for July 6
GAWKER MEDIA: Taps Opportune's William Holden as CRO

GENERAL PRODUCTS: Case Summary & 20 Largest Unsecured Creditors
GENERAL PRODUCTS: Files for Chapter 11, Seeks Sale to IOP
GONZALEZ GROUP: Hires Martin L. Rogalski as Attorney
GONZALEZ GROUP: Taps Kerry Hettinger as Bankruptcy Counsel
GONZALEZ HOLDINGS: Hires Kerry Hettinger as Bankruptcy Counsel

GONZALEZ HOLDINGS: Taps Martin L. Rogalski P.C. as Attorney
HECLA MINING: S&P Revises Outlook to Pos. & Affirms 'B-' CCR
HERCULES OFFSHORE: Taps FTI Consulting as Financial Advisor
HERCULES OFFSHORE: Taps PJT Partners as Investment Banker
HERCULES OFFSHORE: Taps Prime Clerk as Administrative Advisor

HYMAN B. HOROWITZ: Plan Confirmation Hearing Continued to Aug. 10
HYPERBARICS AND WOUND CARE: Taps Justiniano's Firm as Counsel
INRETAIL REAL: Fitch Affirms 'BB+' Issuer Default Ratings
JADE WINDS: June 30 Hearing on Amended Disclosure Statement
JTS LLC: Unsecureds To Recoup 47% Under Ch. 11 Plan

LEN-TRAN INC: Taps Mackey Law Group as Special Ccounsel
LIFEPOINTE VILLAGE-SOUTHAVEN: TMI Okayed as Series C Trustee
LILY GROUP: Has Court OK to Settle UHC's $66K Claim
LOUISIANA CRANE: Case Summary & 20 Largest Unsecured Creditors
MARK MARTINEZ LLC: Hires Whittle Law Firm as Counsel

MICHAEL ALLEN CARR: July 7 Plan Confirmation Hearing Set
MICHAEL JOHN DEMARCO: Court Dismisses Chapter 11 Case
MICHAELS COS: S&P Revises Outlook to Positive & Affirms 'B+' CCR
NELCO MLK: Aug. 11 Plan, Disclosures Hearing
NELSON SERVICE: Disclosures OK'd, Plan Hearing Set for Aug. 10

NORTH GATEWAY: Case Summary & 8 Unsecured Creditors
NORTHERN MEADOWS: Case Summary & 12 Largest Unsecured Creditors
ONE2ONE COMMS: Third Party Releases Deemed Invalid, Court Rules
OPUS MANAGEMENT: Adams' Bid for Trustee Withdrawn
PACIFIC RECYCLING: Wells Fargo Asks for Ch. 11 Trustee

PEABODY ENERGY: Claims Bar Date Set for August 19
PENINSULA HOLDINGS: Rejected $12.9MM Offer; Plexus Wants Trustee
PNW ARMS: Taps Elsaesser Jarzabek as Legal Counsel
POST EAST: Case Summary & 5 Unsecured Creditors
PREMIER WELLNESS: Wants Plan Filing Period Extended to Nov. 1

PRIVATE FAMILY OFFICE: Dale Goodman Okayed as Ch. 11 Trustee
PRODUCTION RESOURCE: S&P Affirms 'CCC-' CCR, Outlook Remains Neg.
QUICKSILVER RESOURCES: Files Plan of Liquidation
REAL ESTATE SHORT SALES: Taps Orantes Law Firm as Legal Counsel
REFUGE FAMILY CARE: Says Patient Care Ombudsman Unnecessary

RESTAURANTS ACQUISITION: Court OK's Unit to Ink Premium Financing
RESTAURANTS ACQUISITION: Has Until August 29 to Remove Actions
RGIS HOLDINGS: S&P Lowers CCR to 'B-', Outlook Negative
RICEBRAN TECHNOLOGIES: Amends Voting Agreement with Arvind Narula
RMS TITANIC: Hires Nelson Mullins as Bankruptcy Counsel

RMS TITANIC: Taps Kaleo Legal as Litigation, Conflicts Counsel
ROADRUNNER ENTERPRISES: BOM Seeks Adequate Protection
ROYAL MANOR: 6th Circ. Affirms $207K Sanctions vs. Grossman
SANDY CREEK: S&P Lowers Project Finance Rating to 'B'; Outlook Neg
SANTA FE GOLD: Exits Chapter 11 Bankruptcy Process

SCPD GRAMERCY: Public Auction Set for June 30
SFX ENTERTAINMENT: Court Approves Sale of Fame House Assets to UMG
SFX ENTERTAINMENT: Court OKs Sale of Flavorus Assets to Vivendi
SFX ENTERTAINMENT: Seeks to Reject Founder's Employment Agreement
SHIRLEY FOOSE MCCLURE: Buyers Are Good Faith Purchasers, Court Says

SPARRER SAUSAGE: 7th Circ. Reverses Jason's Foods Judgment
SPORTS AUTHORITY: Modell's, Sports Direct Didn't Bid on Stores
ST. JAMES NURSING: VPH, et al., Claim Mismanagement, Want Trustee
STARSHINE ACADEMY: BOKF Wants Stay Lifted to Foreclose Property
STARSHINE ACADEMY: KS StateBank Seeks Adequate Protection

SUNEDISON INC: Appoint New Leadership of Finance Team
SYCAMORE INVESTMENTS: Disclosure Statement Hearing Set for July 27
TENKORIS LLC: Case Summary & 7 Unsecured Creditors
WARREN RESOURCES: Taps Deloitte Transactions as Financial Advisor
WAYZATA-ROCHESTER: Case Summary & 20 Largest Unsecured Creditors

WEST COAST WAREHOUSE: Taps Baker & Giles as Accountant
WESTECH CAPITAL: Parties Agree to Delay Hearing on Trustee Motion
WESTERN HIPERBARIC: Taps Justiniano's Law Office as Counsel
WESTERN HIPERBARIC: U.S. Trustee to Appoint Patient Care Ombudsman
WILLIAMS COS: Fitch Still on Watch Neg. After Unfavorable Ruling

WINDMILL RUN ASSOCIATES: Fannie Mae Loses Bid to Dismiss Suit
ZAK HOLDINGS: Largest Creditor Wants Trustee to Take Over
ZEKE'S WORLD: Case Summary & 6 Unsecured Creditors
[*] Insolvencies Up Sharply in Canada's Oil-Producing Provinces
[*] Lenient Bankruptcy Laws Encourage Promising Entrepreneurs

[*] Ohio's New Foreclosure Law to Spur Online Bankruptcy Auctions

                            *********

207 AINSLIE: Conselyea Joins NY City's Case Dismissal Bid
---------------------------------------------------------
Conselyea Street Block Association, Inc., operator of a senior
center and child care center at 207-217 Ainslie Street, in
Brooklyn, New York, supports the motion of the City of New York for
the dismissal of 207 Ainslie, LLC's Chapter 11 case, or
alternatively, relief from the automatic stay.

The Troubled Company Reporter has reported earlier that the City of
New York wants the Debtor's case dismissed due to bad faith filing.
The City of New York told the Court that it was in negotiations
with Conselyea and the Debtor to settle the State Court litigation
up until the time of the Debtor's bankruptcy filing.  It further
tells the Court that at a settlement meeting, Conselyea offered to
purchase the Property, with partial City funding for $8,000,000.
The City of New York avers that the Debtor said that it needed a
day to respond to the offer, and then requested another day.  It
further avers that rather than respond to the offer, the Debtor
filed its bankruptcy petition.  According to the City, Conselyea's
offer would provide the Debtor with more than enough to pay its
creditors in full.  The bankruptcy filing clearly is a sharp
litigation tactic taken in response to a good faith, and
substantial, offer, and an apparent effort to forum shop and/or to
extract even more money to resolve what is essentially a two-party
dispute."

Counsel for Conselyea Street Block Association, Inc.:

       Jaime Lathrop, Esq.
       THE LAW OFFICES OF JAIME LATHROP, P.C.
       641 President Street, Suite 202
       Brooklyn, NY 11215
       Telephone: (718) 857-3663
       Email: jlathrop@lathroplawpc.com

               About 207 Ainslie

207 Ainslie, LLC sought protection under Chapter 11 of the
Bankruptcy Code in the Eastern District of New York (Brooklyn)
(Case No. 16-41426) on April 1, 2016.  

The petition was signed by Harry Einhorn, manager. The case is
assigned to Judge Nancy Hershey Lord.

The Debtor disclosed total assets of $14 million and total debts of
$5.07 million.


7901 7TH AVENUE: Taps Wayne Greenwald as Legal Counsel
------------------------------------------------------
7901 7th Avenue LLC seeks approval from the U.S. Bankruptcy Court
for the Eastern District of New York to hire Wayne Greenwald, P.C.
as its legal counsel.

The Debtor tapped the firm to provide these services in connection
with its Chapter 11 case:

     (a) assist the Debtor in administering its bankruptcy case;

     (b) represent the Debtor in prosecuting adversary proceedings

         to collect assets of the estate;

     (c) negotiate with creditors in formulating a plan of
         reorganization for the Debtor; and

     (d) draft and prosecute the confirmation of the Debtor's plan

         of reorganization, and provide other necessary services.

The firm's professionals and their hourly rates are:

     Partners            $500
     Counsels            $550
     Associates          $150 - $400
     Paraprofessionals   $75 - $135
     Clerks              $75 - $135

Aside from professional fees, the firm will also receive
reimbursement for work-related expenses.

Wayne Greenwald, Esq., disclosed in a court filing that the firm
does not represent any interests adverse to the Debtor or its
estate.

The firm can be reached through:

     Wayne Greenwald
     Wayne Greenwald, P.C.
     7901 7th Avenue LLC
     475 Park Avenue South - 26th Floor
     New York, New York 10016
     212-983-1922

                        About 7901 7th Avenue

7901 7th Avenue LLC develops, operates and sells condominium units
in Jersey City, New Jersey.  The Debtor sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. E.D.N.Y. Case No.
16-42775) on June 23, 2016.


8 WEST 58TH: Updated Disclosures Okayed; Plan Hearing on July 26
----------------------------------------------------------------
The Hon. Sean H. Lane approved 8 West 58th Street Hospitality,
LLC's amended and updated disclosure statement explaining its
amended liquidating plan of reorganization.

The Court overruled Be My Guest LLC's objection to the approval of
the Disclosure Statement.  The Court approved the Disclosure
Statement after revisions were made by the Debtor to include
updates on the on-going litigation involving BMG and Nello and Lucy
Balan.

The amended liquidating plan and disclosure statement were filed
March 8, 2016.  The amended and updated Disclosure Statement was
filed June 7.

July 26, 2016, at 11:00 a.m. is fixed as the date and time for the
hearing on confirmation of the Plan before Judge Lane.  Written
objections, if any, to the confirmation of the Plan are due July
19.  Any response of the Debtor to a written objection to
confirmation of the Plan is due July 22.

Plan votes are due July 19.

The Debtor previously operated a restaurant at 14 East 58th Street,
New York, New York.  While the Debtor's operations were
unsuccessful, the underlying Restaurant lease retained significant
value, and attracted interest from a third party investor group
consisting of Nello Balan and his daughter Lucy, together with
their financial partner Oswaldo Karam. These individuals formed an
entity known as Be My Guest, which ultimately acquired the Debtor's
lease pursuant to Order dated November 6, 2015.  BMG's acquisition
was memorialized by a series of letters dated July 9, 2014, as
supplemented in relevant part by letter dated October 20, 2014.
These letters, together with the agreements placed on the record of
the October 29, 2014 Bankruptcy Court hearing, constitute the
"Funding Agreements" for purposes of the Plan.

Pursuant to the Funding Agreements, BMG agreed to cure all Lease
arrears, as well as to pay the Debtor's estate a total balance of
$1,440,000 to:

     -- be distributed to the holders of allowed administrative
expenses and priority tax claims,
     -- fund a 25% dividend to allowed unsecured creditors, which
include the claims of alleged mechanic's lien holders; and
     -- make distributions to equity holders over a period of up to
four years.

The Plan provides that each holder of an Allowed Unsecured General
Claim in Class 2 shall receive, in full and final settlement,
discharge and satisfaction of such allowed Claims, a total pro rata
distribution payable over a period of three years equal to 25% of
their allowed claims at a rate of 8.333% per year beginning on the
Effective Date of the Plan and continuing for two years. To date,
general unsecured claims totaling just under $600,000 have been
filed. The Debtor believes that some of these claims may have been
overstated, and reserves the right to file objections.

Based upon prior relationships, the Debtor and Max Burgio -- the
Debtor's president and who, together with his limited partners,
invested substantial sums to open the Restaurant in September 2013
-- anticipate that the Class 2 unsecured general creditors will
vote to accept the Plan. If this occurs, there will be no violation
of the absolute priority rule even though the Plan does not pay
unsecured creditors in full, while providing payments to limited
partners and Max Burgio. In the unanticipated event that Class 2
unsecured general creditors does not vote to accept the Plan, the
Debtor reserves the right to amend the Plan to provide a greater
pro rata dividend to Class 2 unsecured creditors so as to comply
with the Bankruptcy Code. Any additional distributions to Class 2
creditors shall be paid out of Max Burgio's allocated share of the
Confirmation and Plan Fund.

Class 3 - Equity Interests (Limited Partners) is comprised of these
limited partners:

   Limited Partner    Total Contribution   % of Total
   ---------------    ------------------   ----------
1. Elettra Menarini              $60,000       3%
2. SC First Ventures S.A.        $80,000       4%
3. Eric Schwartz                $110,000       5%
4. Morris 58 LLC                $130,000       6%
5. Gregory Zenna                $160,000       8%
6. Opulence Partners LLC        $750,000      36%
7. TSJ Partners LLC             $800,000      38%
                      ------------------   ----------
          Total:              $1,980,000     100%

Class 3 does not include the managing member of the Debtor, Max
Burgio and his company Luxury Hospitality LLC, which contributed
approximately $800,000 in capital, loans and services.  

Max Burgio will receive a separate distribution as provided in
Class 4 subject to possible reallocation to address potential
issues under the Absolute Priority Rule.

Each limited partner in Class 3 will receive a pro rata share from
the total sum of $350,000, to be funded as part of BMG's funding
commitments. The distributions to limited partners shall be made on
a pro rata basis, over a period of four years in equal annual
installments beginning on the Effective Date of the Plan.

Class 4 is comprised of the Equity Interests of Max Burgio.  Max
Burgio shall receive the balance of the funds collected from BMG
pursuant to the Funding Agreements, after payment of (i) allowed
administration expenses; (ii) allowed priority tax claims; (iii)
the funding of a 25% pro rata distribution to allowed unsecured
creditors; and (iv) payment of $350,000 to the limited partners.
BMG's overall funding commitments include payments aggregating
$825,000 allocated to Max Burgio, all of which becomes due by
January 1, 2017.

BMG is currently in default in its funding obligations and has been
held in contempt of Court.  Nevertheless, the Debtor remains intent
on pursuing all necessary action to finally compel full compliance
with the Assumption and Assignment Order, including entry of
confessions of judgment against BMG, Nello Balan and Lucy Balan,
and pursuit of additional sanctions. All future monies to be
collected from BMG, Nello Balan and Lucy Balan shall be deposited
into a common fund for bankruptcy purposes, designated under the
Plan as the "Confirmation and Plan Fund."  These proceeds, as and
when collected, will be used to fund the Plan distributions to
creditors and equity holders even if the monies are received after
the Plan is confirmed and approved by the Bankruptcy Court.

A copy of the Updated Disclosure Statement is available at:

          http://bankrupt.com/misc/nysb14-11524-0139.pdf

8 West 58th Street Hospitality, LLC, in New York, filed a Chapter
11 petition (Bankr. S.D.N.Y. Case No. 14-11524) on May 20, 2014.
It listed $2.23 million in assets and $1.36 million in liabilities.
The petition was signed by Max Burgio, managing member.  The
Debtor is represented by:

          Kevin J. Nash, Esq.
          Goldberg, Weprin, Finkel, Goldstein, LLP
          1501 Broadway, 22nd Floor
          New York, NY 10036
          Facsimile: 212-221-6532
          E-mail: KNash@gwfglaw.com


ALBERT JACOBS: Troutman Sander's Bid to Intervene Denied
--------------------------------------------------------
In the appeals case captioned Diana Parker, Appellant, v. Albert L.
Jacobs, et al., Appellees, No. CV-16-00602-PHX-JJT (D. Ariz.),
Judge John J. Tuchi of the United States District Court for the
District of Arizona denied Proposed Intervenors Troutman Sanders
LLP and Attorneys' Liability Assurance Society, Inc.'s Motion to
Intervene; and affirmed the United States Bankruptcy Court's
February 26, 2016 Order denying Appellant Rothschild Estate's
Motion for an Order Granting Relief from the Automatic Stay.

This appeal arose after Debtors filed for bankruptcy protection in
the United States Bankruptcy Court and one of their creditors, the
Rothschild Estate, sought relief from the automatic bankruptcy stay
to litigate claims against Debtors. Debtors filed for Chapter 11
bankruptcy relief in December 2015, just two days before they were
scheduled to go to trial in New York state court to defend against
claims brought by the Rothschild Estate, after more than five years
of pre-trial litigation. The Rothschild Estate filed motions for
relief from the automatic stay with respect to both Debtors. The
Rothschild Estate argued that Debtors had the wherewithal to cover
their expenses for the trial and it would be prejudiced if Debtors
did not appear at the scheduled trial— which is still set to
proceed against another defendant, Troutman Sanders LLP—and it
would later have to conduct a separate trial against Debtors. After
examining the evidence of Debtors' financial status and considering
the Rothschild Estate's assertion that Debtors' litigation costs
may be covered by insurance but it had been unable to conduct
discovery on the issue, the Bankruptcy Court denied the Rothschild
Estate's motions in a Minute Entry Order entered on February 26,
2016.

A full-text copy of the Order dated June 10, 2016 is available at
https://is.gd/LfLV8U from Leagle.com.

The bankruptcy case is IN THE MATTER OF: Albert L. Jacobs, et al.,
Debtors, BK No. 2:15-bk-15429-EPB (Bankr. D. Ariz.).

Diana Parker, Appellant, is represented by Booker T Evans, Esq. --
evansb@ballardspahr.com -- Ballard Spahr LLP, Craig Solomon Ganz,
Esq. -- ganzc@ballardspahr.comBallard -- Spahr LLP, Joel Frederic
Newell, Esq. -- Lane & Nach PC, Michael Anthony DiGiacomo, Esq. --
digiacomom@ballardspahr.comBallard --Ballard Spahr LLP & Adam
Bennett Nach, Esq. -- Lane & Nach PC.

Albert Jacobs LLP, Appellee, is represented by Janel Marie Glynn,
Gallagher & Kennedy PA, John R Clemency, Gallagher & Kennedy PA &
Lindsi Michelle Weber, Gallagher & Kennedy PA.

Albert L Jacobs, Jr., Appellee, is represented by Janel Marie
Glynn, Gallagher & Kennedy PA, John R Clemency, Gallagher & Kennedy
PA & Lindsi Michelle Weber, Gallagher & Kennedy PA.

Attorneys' Liability Assurance Society, Inc., Intervenor, is
represented by James R Condo, Esq. -- jcondo@swlaw.com -- Snell &
Wilmer LLP, Steven D Jerome, Esq. -- sjerome@swlaw.com -- Snell &
Wilmer LLP, Andrew Foster Halaby, Esq. -- ahalaby@swlaw.com --
Snell & Wilmer & Jill Leeann Perrella, Esq. -- jperrella@swlaw.com
-- Snell & Wilmer LLP.

Troutman Sanders LLP, Intervenor, is represented by James R Condo,
Snell & Wilmer LLP, Steven D Jerome, Snell & Wilmer LLP, Andrew
Foster Halaby, Snell & Wilmer & Jill Leeann Perrella, Snell &
Wilmer LLP.


ALLIED FINANCIAL: Has Go Signal to Sell Guayabal Property for $75K
------------------------------------------------------------------
Honorable Mildred Caban Flores of the U.S. Bankruptcy Court for the
District of Puerto Rico has granted the Motion file by Allied
Financial, Inc., seeking authority to sell its property in Barrio
Guayabal free and clear of liens.

The Troubled Company Reporter earlier reported that the Debtor
sought authorization to sell its property, located at Barrio
Guayabal, Sector Lajitas Road P.R. -- 550 Juana Diaz, Puerto Rico,
consisting of approximately 36,121.514 square meters, and with a
value of $75,000.

                                  About Allied Financial

Allied Financial, Inc. filed a Chapter 11 bankruptcy petition
(Bankr. D.P.R. Case No. 16-00180) on Jan. 15, 2016.  The petition
was signed by Rafael Portela, president of the Board of Directors.
The Debtor disclosed total assets of $10.3 million and total debts
of $9.14 million.  C. Conde & Assoc. represents the Debtor as
counsel.  Judge Mildred Caban Flores has been assigned the case.


ALTOMARE AUTO: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Altomare Auto Group, LLC
           dba Union Volkswagen
        2155 Route 22 West
        Union, NJ 07083

Case No.: 16-22376

Chapter 11 Petition Date: June 27, 2016

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

Debtor's Counsel: Daniel Stolz, Esq.
                  WASSERMAN, JURISTA & STOLZ, P.C.
                  110 Allen Road, Suite 304
                  Basking Ridge, NJ 07920
                  Tel: (973) 467-2700
                  E-mail: dstolz@wjslaw.com
                          attys@wjslaw.com

Total Assets: $9.04 million

Total Liabilities: $12.78 million

The petition was signed by Anthony Altomare, managing member.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/njb16-22376.pdf


AMERICAN GREETINGS: S&P Raises CCR to 'BB-', Outlook Stable
-----------------------------------------------------------
S&P Global Ratings raised its corporate credit rating on Cleveland,
Ohio-based American Greetings Corp. to 'BB-' from 'B+'. The outlook
is stable.

S&P also raised the issue-level rating on the company's senior
secured credit facility to 'BB+' from 'BB', the rating on the
senior unsecured notes due 2021 to 'BB-' from 'B+', and the
issue-level rating on the company's $285 million holding company
PIK notes due 2019 to 'B' from 'B-'.  The recovery ratings remain
'1', '3', and '6', respectively, for these facilities/issues.

Adjusted debt outstanding as of Feb. 29, 2016 is $1.08 billion.

The upgrade reflects the company's prepayment of an additional
$65 million of debt in fiscal 2016, and our belief that American
Greetings' adjusted leverage will remain below 4x over the next
year from steady adjusted EBITDA margin and excess cash flow
directed towards debt repayment.  S&P estimates adjusted EBITDA
margin improved by about 250 basis points to 17.8% for the 12
months ended Feb. 29, 2016, from 15.2% at Feb. 28, 2015, as the
company benefitted from costs savings programs and the exit of the
lower margin fixtures business.  This, coupled with a favorable
impact of foreign currency translation of costs, the sale of the
Strawberry Shortcake business, and working capital improvement,
allowed the company to generate free cash flow and repay debt.  As

a result, adjusted debt to EBITDA improved to 3.2x for the
12 months ended Feb. 29, 2016, from about 3.9x for the previous
year. In addition, the ratio of funds from operations (FFO) to
adjusted debt improved to near 20%.  S&P expects these measures
will remain near current levels over the next 12 months from
adjusted EBITDA margins remaining relatively flat and cash flow
going towards either debt prepayment or dividends to owners.

The rating outlook is stable.  S&P expects the company's credit
measures to remain below 4x and for FFO to debt to improve closer
to 20% from ongoing cost improvement plans.

S&P could lower the rating if there were any material disruptions
to operations, such as an abrupt shift away from greeting cards or
the loss of a major customer, or if company adopts more-aggressive
financial policies -- including any material debt-financed
acquisitions or dividends -- and/or if leverage were to increase to
well over 4x, possibly from a leveraged dividend.  S&P estimates
debt would need to increase by about $400 million for this to
occur, assuming constant debt levels.

While unlikely within the next 12 months, S&P could raise the
ratings if the company can further diversify its business and
improve leverage to below 3x.  However, given S&P's free cash flow
assumptions, it don't believe the company will generate sufficient
cash to pay down enough debt to improve leverage to below 3x,
assuming constant adjusted EBITDA levels.


AMERICAN LIBERTY: Plan Confirmation Hearing Set for July 25
-----------------------------------------------------------
Debtor American Liberty Oil Company, LP, and parties-in-interest,
JW GST Exempt Trust and James Y. Wynne filed with the U.S.
Bankruptcy Court in Dallas, Texas, a First Amended Disclosure
Statement to accompany the First Amended Joint Plan of
Reorganization dated May 2, 2016, for debtors ALOC and Ranchland
Holdings, Ltd.

Following a hearing on June 16, the Court approved the First
Amended Disclosure Statement and set July 25, 2016 at 1:30 p.m.
prevailing Central Time, as the hearing to consider confirmation of
the Plan.

Confirmation objections are due July 19.  Plan votes are due July
21.

ALOC, Ranchland, and certain other parties have been involved in
considerable litigation with the James Wynne Parties regarding,
among other claims, disputed equity and debt claims in and against
ALOC and Ranchland. The parties have agreed to resolve all such
interests and claims by, among other agreements, a full mutual
release and a partition whereby the James Wynne Parties will assume
all liability of the claims of the Toddie Lee Wynne Sr.
Grandchildren's Trust and take certain real property otherwise free
of all other claims and interests.  More specifically, the real
property to be partitioned to the James Wynne Parties is: (a) an
approximate 1950 acres; and (b) Ranchland - Crescent.  ALOC and
Ranchland will retain all other real property and debt.

The Plan Proponents believe that the property to be retained by the
Reorganized Debtors is worth, on a fair market value basis, at
least:

     ALOC - Adjusted Tract 1 ($12.3MM),
     ALOC – Michael Morris ($500,000);
     ALOC –Tract 2 ($5.5M);
     ALOC – Tract 3 ($500,000);
     ALOC – Tract 4 ($1.0MM);
     Ranchland – Northstar ($1.5MM); and
     Ranchland – Five Points ($1.6MM).

The Plan Proponents believe that the property to be received by the
James Wynne Parties is likewise worth, on a fair market value
basis, at least:

     JWW Tract ($6.5MM) and
     Ranchland – Crescent ($665,000).

Other than James Wynne Parties, the primary constituents in this
case consist of the following parties: Legacy Land Bank FLCA,
Michael Morris, Toddie Lee Wynne Sr. Grandchildren's Trust,
Citizens National Bank of Texas, Erin and Wreno Wynne, Vandera
Operating Company, and the Spence Testamentary Trust (WBW Estate).


The Chapter 11 Plan contemplates the consolidation of the assets of
ALOC and Ranchland into one entity referred to as the "Reorganized
Debtor". The Chapter 11 Plan further contemplates new financing to
satisfy the claims of Legacy Land Bank FLCA, and possibly Citizens
National Bank of Texas, on terms that include an agreed reduction
of the alleged debt.

ALOC is evaluating two financing options. Under Option 1, the new
financing will be: (a) in the approximate amount of $5,500,000.00;
(b) secured by a first lien on the majority of the Reorganized
Debtor's remaining property, currently anticipated as ALOC - Tract
1, ALOC - Tract 2, and Ranchland - NorthstarFive Points; and (c)
used to satisfy the claims of Legacy Land Bank FLCA and Citizens
National Bank of Texas, as well as fund the Debtor's restructuring
costs.

Under Option 2, the Debtor will obtain financing in the approximate
amount of $2,500,000.00, secured by a lien on ALOC - Tract 1, which
will be used to partially satisfy the claim of Legacy Land Bank
FLCA. ALOC will obtain additional financing of approximately $1MM
secured by ALOC - Tract 2 to satisfy the claim of Legacy Land Bank
FLCA and fund restructuring costs.

Class 9 consists of all Allowed, General Unsecured Claims against
the Debtors that are in excess of $10,000. The bankruptcy estates
have approximately $55,000 of unsecured claims including the
unsecured claims on the Debtors' schedules and those filed with the
Court on the claims register. The unsecured claims that are greater
than $10,000 include a claim of BKM Horan in the amount of
$16,044.50, and a claim of Skibell Bohach & Archer in the amount of
$26,027.00. All of the remaining unsecured claims against the
Debtors are for amounts less than $10,000.

With respect to all Class 9 claims, unless a longer term or lesser
amount is agreed to by the Claimant, the Debtors shall pay the
Allowed amount of each Class 9 Claims divided into equal monthly
installments on the 1st of the month over a 5 year period beginning
on the later of: (a) the Closing; or (b) the first month following
the Allowance of the Claim. The treatment provided to Class 9
Claims shall be in full satisfaction and extinguishment of such
Allowed Claims.

A redlined copy of the First Amended Disclosure Statement is
available at:

          http://bankrupt.com/misc/txnb15-32019-0208.pdf

Counsel to the Debtor:

          Hudson Jobe, Esq.
          Timothy A. York, Esq.
          Quilling Selander Lownds, Winslett & Moser, P.C.
          2001 Bryan Street, Suite 1800
          Dallas, TX 75201
          Tel: (214) 871-2100
          Fax: (214) 871-2111
          E-mail: hjobe@qslwm.com
                  tyork@qslwm.com

Counsel for the James Wynne Parties:

          Alan B. Padfield, Esq.
          Mark W. Stout, Esq.
          Christopher V. Arisco, Esq.
          PADFIELD & STOUT, L.L.P.
          421 W. Third Street, Suite 910
          Fort Worth, TX 76102
          Tel: (817) 338-1616
          Fax: (817) 338-1610
          E-mail: abp@livepad.com
                  ms@livepad.com
                  carisco@livepad.com

                      About American Liberty

American Liberty Oil Company, LP, sought Chapter 11 protection
(Bankr. N.D. Tex. Case No. 15-32019) on May 6, 2015.  The petition
was signed by Wreno S. Wynne, Jr., as managing partner of ALOC
LLC.
The Debtor estimated assets of $10 million to $50 million and debt
of $1 million to $10 million in its petition.

On Aug. 28, 2015, the Court entered an order authorizing ALOC to
file an involuntary petition against Ranchland due to an impending
foreclosure against Ranchland's real property.  The involuntary
petition against Ranchland (Case No. 15-33461) was filed on the
same day as the entry of the order.

The cases are assigned to Hon. Stacey G. Jernigan.

Quilling, Selander, Lownds, Winslett & Moser, P.C., serves as
ALOC's bankruptcy counsel.  ALOC also won approval to hire
Litzler,
Segner, Shaw & McKenney, LLP as accountant; Hi View Real Estate as
real estate broker; Skibell, Bohach & Archer, P.C. as special
counsel; Allie Beth Allman and Associates, and Moreland Properties
as real estate broker; and Foreman & Kessler, Ltd., as special
counsel.

No official committee of unsecured creditors has yet been
appointed
and no such committee is expected to be appointed.


ANACOR PHARMACEUTICALS: Acquired by Pfizer
------------------------------------------
Pfizer Inc. announced that it has completed its acquisition of
Anacor Pharmaceuticals, Inc.  Under the terms of the transaction,
each outstanding share of Anacor common stock has been converted
into the right to receive $99.25 net in cash (without interest but
subject to required withholding of taxes).

"Now that Anacor is part of Pfizer, we can accelerate our shared
commitment to help patients with inflammatory disease, an area of
high unmet medical need," said Albert Bourla, group president,
Pfizer Innovative Health.  "We believe that Pfizer is in a position
to quickly capitalize on the benefits offered by the combination
with Anacor, including the potential for a near-term U.S. product
launch and subsequent commercialization of crisaborole, a
differentiated asset with compelling clinical data. If approved,
crisaborole has the potential to be an important first-line
treatment option for patients with mild-to-moderate atopic
dermatitis and the physicians who treat them."

The transaction is not expected to impact Pfizer's current 2016
adjusted financial guidance.  Pfizer continues to expect the
transaction to be slightly dilutive to Adjusted Diluted Earnings
Per Share (EPS)(1) in 2017 with accretion to Adjusted Diluted
EPS(1) beginning in 2018 and increasing thereafter.

The Offer

The tender offer for all of the outstanding shares of Anacor common
stock expired as scheduled immediately after 11:59 p.m., New York
City time, on June 23, 2016.  Computershare Trust Company, N.A.,
the depositary and paying agent for the tender offer, has advised
Pfizer that 39,306,909 shares of Anacor common stock were validly
tendered into and not validly withdrawn from the tender offer,
including 4,300,427 shares tendered by notice of guaranteed
delivery for which certificates were not yet delivered,
representing approximately 86.1% of the outstanding shares.  All of
the conditions to the offer have been satisfied and on June 24,
2016, Pfizer and its subsidiary Quattro Merger Sub Inc. accepted
for payment and will promptly pay for all shares validly tendered
and not validly withdrawn.

Following its acceptance of the tendered shares, Pfizer completed
its acquisition of Anacor through the merger of Quattro Merger Sub
Inc. with and into Anacor without a vote of Anacor's stockholders
pursuant to Section 251(h) of the Delaware General Corporation Law.
As a result of the merger, Anacor became a wholly-owned subsidiary
of Pfizer.  In connection with the merger, all Anacor shares not
validly tendered into the tender offer (other than treasury shares
held by Anacor and any shares owned by Pfizer, Quattro Merger Sub
Inc. or any person who was entitled to and has properly demanded
statutory appraisal of his or her shares) have been cancelled and
converted into the right to receive the same $99.25 per share net
in cash (without interest but subject to required withholding of
taxes) as will be paid for all shares that were validly tendered
and not validly withdrawn in the tender offer.  Anacor common stock
will cease to be traded on the NASDAQ Global Market.

                         Triggering Events

The consummation of the Merger on June 24, 2016, constituted a
"Make-Whole Fundamental Change" and a "Fundamental Change" under
(i) the Indenture, dated as of Oct. 16, 2014, governing Anacor's
2.00% Convertible Senior Notes due 2021, and (ii) the Indenture,
dated as of April 6, 2016, governing Anacor's 2.00% Convertible
Senior Notes due 2023.  As result, holders of the Notes have the
right to require Anacor to repurchase their Notes at their
principal amount plus accrued and unpaid interest on a date
specified by Anacor in accordance with the terms of the Indentures.
Anacor has designated Aug. 15, 2016, as the Fundamental Change
Purchase Date under the Indentures.

In connection with the Merger, holders of the Notes also have the
right to convert their Notes for cash at the then applicable
conversion rate under the applicable Indenture (subject to any
adjustments provided for therein, including any additional shares
owing at conversion if such conversion is done in connection with a
Make-Whole Fundamental Change).  Holders of the Notes may exercise
the Conversion Right in connection with the Make-Whole Fundamental
Change at any time until the business day immediately preceding the
Fundamental Change Purchase Date.

Assuming that each holder of Notes exercised the Repurchase Right,
Anacor would be obligated to make aggregate payments of
approximately $370 million, plus accrued and unpaid interest.

Assuming that each holder of Notes exercised the Conversion Right
in connection with a Make-Whole Fundamental Change, Anacor would be
obligated to make aggregate payments of approximately $697
million.

Holders may only exercise one of either the Repurchase Right or the
Conversion Right.

In connection with the Merger, Anacor executed supplemental
indentures to each of the Indentures, which provide that, at and
after the Effective Time, the consideration due upon any conversion
of the Notes will not be Shares and instead will be cash (with any
reference to any number of Shares instead being a reference to a
cash amount equal to the Offer Price multiplied by such number of
Shares).

In connection with the Merger, Anacor also terminated its capped
call transactions, dated as of March 31, 2016 and April 1, 2016,
with Citigroup Global Markets Inc. and Goldman, Sachs & Co.  The
Capped Call Transactions were entered into to reduce the potential
dilution with respect to Anacor's common stock and/or offset any
potential cash payments that Anacor would be required to make in
excess of the principal amount of converted Notes, as the case may
be, upon any conversion of the Notes to the extent that the market
price per share of Anacor's common stock exceeded the applicable
strike price of the Capped Call Transactions (which initially
corresponded to the applicable conversion price of the Notes).  As
a result of the termination of the Capped Call Transactions, the
Capped Call Counterparties made aggregate payments of approximately
$13 million to Anacor.

                         NASDAQ Delisting

On the Closing Date, in connection with the consummation of the
Merger, Anacor notified The NASDAQ Stock Market LLC that the Merger
had been consummated, and requested that the trading of Shares on
NASDAQ be halted prior to market open on the Closing Date and that
the listing of the Shares on NASDAQ be withdrawn.  In addition,
Anacor requested that NASDAQ file with the SEC a notification on
Form 25 to report the delisting of the Shares from NASDAQ and to
deregister the Shares under Section 12(b) of the Securities
Exchange Act of 1934, as amended.  Anacor intends to file with the
SEC a Form 15 suspending Anacor's reporting obligations under
Sections 13 and 15(d) of the Exchange Act.

                      Departure of Directors

In connection with the Merger, pursuant to the terms of the Merger
Agreement, at the Effective Time, the directors of Merger Sub --
Douglas E. Giordano, Margaret M. Madden and Bryan Supran --
replaced Paul L. Berns, Anders D. Hove, Keith R. Leonard, Jr., Mark
Leschly, William J. Rieflin, Lucy Shapiro and Wendell Wierenga as
the directors of Anacor, and the executive officers of Anacor
ceased serving in those capacities.

                    Amendments to By-Laws

Pursuant to the terms of the Merger Agreement, at the Effective
Time, Anacor's certificate of incorporation, as in effect
immediately prior to the Effective Time, was amended and restated
in its entirety.  In addition, pursuant to the terms of the Merger
Agreement, at the Effective Time, Anacor's By-Laws, as in effect
immediately prior to the Effective Time, were amended and restated
in their entirety.

                 Deregistraion of Securities

As a result of the Merger, the Company has terminated all offerings
of its securities pursuant to these registration statements:

   * Registration Statement on Form S-3 (File No. 333-178766),
     filed with the SEC on December 27, 2011, registering an
     indeterminate amount of the Registrant's (i) common stock,   
     par value $0.001 per share, (ii) preferred stock, par value
     $0.001 per share, (iii) debt securities and (iv) warrants,
     which may be sold from time to time, either individually or
     in combination with other securities, in one or more
     offerings up to a total aggregate amount of $50,000,000.

   * Registration Statement on Form S-3 (File No. 333-185486),
     filed with the SEC on December 14, 2012, registering an
     indeterminate amount of the Registrant's (i) common stock,
     par value $0.001 per share, (ii) preferred stock, par value
     $0.001 per share, (iii) debt securities and (iv) warrants,
     which may be sold from time to time, either individually or
     in combination with other securities, in one or more
     offerings up to a total aggregate amount of $75,000,000.

   * Registration Statement on Form S-3 (File No. 333-189691),
     filed with the SEC on June 28, 2013, registering 809,061
     shares of the Registrant's common stock, par value $0.001 per

     share.

   * Registration Statement on Form S-3 (File No. 333-190819),
     filed with the SEC on August 26, 2013, registering an
     indeterminate amount of the Registrant's (i) common stock,
     par value $0.001 per share, (ii) preferred stock, par value
     $0.001 per share, (iii) debt securities and (iv) warrants,
     which may be sold from time to time, either individually or
     in combination with other securities, in one or more
     offerings up to a total aggregate amount of $50,000,000.

   * Registration Statement on Form S-8 (File No. 333-206248),
     filed with the SEC on August 7, 2015, pertaining to the
     registration of 1,730,952 shares of the Registrant's common
     stock, reserved for future grant under the Registrant's 2010
     Equity Incentive Plan and 80,000 Shares, reserved for future  

     grant under the Registrant’s 2010 Employee Stock Purchase
     Plan;

   * Registration Statement on Form S-8 (File No. 333-196524),
     filed with the SEC on June 4, 2014, pertaining to the
     registration of 1,661,769 Shares, reserved for future grant
     under the Registrant's 2010 Equity Incentive Plan and 80,000
     Shares, reserved for future grant under the Registrant's 2010
     Employee Stock Purchase Plan;

   * Registration Statement on Form S-8 (File No. 333-187347),
     filed with the SEC on March 18, 2013, pertaining to the
     registration of 1,423,625 Shares, reserved for future grant
     under the Registrant's 2010 Equity Incentive Plan and 80,000
     Shares, reserved for future grant under the Registrant's 2010

     Employee Stock Purchase Plan;

   * Registration Statement on Form S-8 (File No. 333-180146),
     filed with the SEC on March 15, 2012, pertaining to the
     registration of 1,127,765 Shares, reserved for future grant
     under the Registrant's 2010 Equity Incentive Plan and 80,000
     Shares, reserved for future grant under the Registrant's 2010
     Employee Stock Purchase Plan;

   * Registration Statement on Form S-8 (File No. 333-174545),
     filed with the SEC on May 26, 2011, pertaining to the
     registration of 294,670 Shares, issuable upon the exercise of
     outstanding options granted under the Registrant's 2010
     Equity Incentive Plan and 905,330 Shares, reserved for future

     grant under the Registrant's 2010 Equity Incentive Plan; and

   * Registration Statement on Form S-8 (File No. 333-171264),
     filed with the SEC on December 17, 2010, pertaining to the
     registration of 1,943,270 Shares, issuable upon the exercise
     of outstanding options granted under the Registrant's 2001
     Equity Incentive Plan, 932,652 Shares, reserved for future
     grant under the Registrant's 2010 Equity Incentive Plan and
     250,000 Shares, reserved for future issuance under the
     Registrant's 2010 Employee Stock Purchase Plan.

                  About Anacor Pharmaceuticals

Palo Alto, Calif.-based Anacor Pharmaceuticals (NASDAQ: ANAC) is a
biopharmaceutical company focused on discovering, developing and
commercializing novel small-molecule therapeutics derived from its
boron chemistry platform.  Anacor has discovered eight compounds
that are currently in development.  Its two lead product
candidates are topically administered dermatologic compounds -
tavaborole, an antifungal for the treatment of onychomycosis, and
AN2728, an anti-inflammatory PDE-4 inhibitor for the treatment of
atopic dermatitis and psoriasis.

Anacor reported a net loss of $61.2 million on $82.4 million of
total revenues for the year ended Dec. 31, 2015, compared to a net
loss of $87.1 million on $20.7 million of total revenues for the
year ended Dec. 31, 2014.

As of March 31, 2016, Anacor had $164 million in total assets, $119
million in total liabilities, $49,000 in redeemable common stock
and $44.6 million in total stockholders' equity.


ANTERO ENERGY: Court Approves Settlement Agreement with AIX
-----------------------------------------------------------
Jeffrey H. Mims, Chapter 11 Trustee for Antero Energy Partners,
LLC, and Jason R. Searcy, Chapter 11 Trustee for AIX Energy, Inc.,
sought and obtained from the U.S. Bankruptcy Court for the Northern
District of Texas, Dallas Division, approval of the settlement
agreement among these parties: (a) Energy Reserves Group, LLC,
holder of prepetition secured claims against Antero in the
approximate amount of $24.5 million; (b) the Official Unsecured
Creditors' Committee in the AIX case; (c) LegacyTexas Bank, holder
of prepetition secured claims against AIX in the approximate amount
of $12.3 million and post-petition secured DIP financing claims in
the AIX case in the approximate amount of $450,000; and (d) NextEra
Energy Gas Producing, LLC, non-operating working interest owner
with AIX in certain oil and gas wells operated by AIX. NextEra also
asserts a $10.5 million pre-petition secured claim against AIX.

The Parties desire to resolve all their controversies, as such the
Court ordered that the following pending Adversary Proceedings and
litigation by and among the Parties are resolved and will be
dismissed with prejudice as soon as practicable:

   (1) Antero Energy Partners, LLC v. Energy Reserves Group, LLC
and LegacyTexas Bank, Adversary Proceeding No. 16-03022. Claims
asserted in this adversary proceeding relate to LegacyTexas's
assignment to ERG of a note payable by Antero in December 2015.

   (2) Plains Marketing, L.P. v. Antero Energy Partners, LLC and
Energy Reserves Group, LLC, Adversary Proceeding No. 16-03015.
What remains of this adversary proceeding includes cross-claims
asserted by Antero against ERG for violation of the automatic
stay.

   (3) AIX Energy, Inc. v. NextEra Energy Gas Producing, LLC,
Adversary Proceeding No. 16-03002. AIX seeks turnover of joint
interest billings allegedly owed to it under a joint operating
agreement between AIX and NextEra for certain oil and gas leases in
which both have ownership interests.

   (4) NextEra Energy Gas Producing, LLC v. AIX Energy, Inc.,
Adversary Proceeding No. 16-03008 (removed Cause No. DC-14-13627
pending before the 14th Judicial District Court of Dallas County
Texas). NextEra's claims against AIX relate to the AIX and NextEra
joint operating agreement for certain oil and gas leases in which
both have ownership interests.

   (5) AIX Energy, Inc. v. NextEra Energy Gas Producing, LLC,
Adversary Proceeding No. 16-03011. AIX seeks avoidance and recovery
of alleged fraudulent transfers made to or for the benefit of
NextEra.

   (6) AIX Energy, Inc. and Robert Imel v. Energy Reserves Group,
LLC, Adversary Proceeding No. 16-03021. AIX seeks damages and
injunctive relief related to its claims that ERG violated the
automatic stay.

   (7) Other issues and controversies the Parties intend to address
by agreement are: (a) Payment of unpaid royalty claims, ad valorem
tax claims, secured mineral lien claims, and secured mechanics and
materialmen claims owed by Antero and AIX, (b) Treatment of
anticipated deficiency claims of ERG, LegacyTexas, and NextEra, and
(c) Payment of unpaid post-petition trade obligations and allowed
claims.

The parties also mutually release each other from all liabilities,
claims, and causes of action, except for any such claims that are
explicitly preserved in the Settlement Agreement, including,
without limitation, NextEra's deficiency claim and the deficiency
claims ERG and LegacyTexas assign to the AIX estate.

The Court has also granted ERG a right of first offer with respect
to any Live Oak assets obtained through litigation or otherwise by
the Creditor's Trust (to be established pursuant to the plan(s) of
reorganization of AIX and Antero for the purpose of investigating
and pursuing estate claims and causes of action and liquidating
remaining estate assets) if and when the Creditor's Trust
liquidates such assets.

Likewise, NextEra is authorized to (a) acquire AIX's interests in
certain jointly owned wells free and clear of claims and interests
through a credit bid of $250,000, (b) receive $250,000 from the 363
Cash Proceeds, which amount shall be paid to NextEra no later than
ten (10) days after the Closing Date, and (c) retain an unsecured
claim in the amount of $10,000,000, which will be subject to the
treatment set forth in AIX's plan of reorganization, as full
satisfaction of NextEra’s asserted secured claims against AIX.

The Court approves the sale of substantially all of the AIX and
Antero estate assets to ERG, after which ERG will assume liability
for valid unpaid ad valorem taxes, valid unpaid royalty claims, and
valid, perfected mechanics and materialmen claims against both
estates, is not conditioned upon or contingent on the confirmation,
approval, or effectiveness of the Chapter 11 Plan.

The Settlement Agreement contains provision on payment structure
governing the use of cash proceeds to the AIX and Antero estates as
a result of the sale to ERG, including the formation and funding of
a Creditor’s Trust to investigate and pursue remaining estate
claims and causes of action. Additionally, the Settlement Agreement
also includes the framework for a Chapter 11 Plan that will be
proposed by the Trustees and the Committee following approval of
the Motion.

Globe Energy Services LLC has complained that the actual settlement
has not been presented to creditors and is not before the Court,
and thus, asked that the Court require that any order approving the
Settlement Agreement and the related sale order contain following
language: "For the avoidance of doubt, this Order does not
adjudicate or determine (a) the validity or priority of the
statutory oil well liens on any AIX Properties held by Globe Energy
Services, LLC pursuant to Louisiana state law or other applicable
state law or (b) the distribution of any proceeds that ultimately
may be realized from the sale or other transfer of the AIX
Properties." This provision has been incorporated in the Order
approving the Settlement Agreement.

Counsel for Chapter 11 Trustee for Antero Energy Partners, LLC,
Jeffrey H. Mims:

       Charles B. Hendricks, Esq.
       Emily S. Wall, Esq.
       CAVAZOS, HENDRICKS, POIROT & SMITHAM, P.C.
       Suite 570, Founders Square
       900 Jackson Street
       Dallas, TX 75202
       Telephone: (214) 573-7300
       Facsimile: (214) 573-7399
       Email: chuckh@chfirm.com
              ewall@chfirm.com

Counsel for Chapter 11 Trustee for AIX Energy, Inc., Jason R.
Searcy:

       Jason R. Searcy, Esq.
       Joshua P. Searcy, Esq.
       Callan C. Searcy, Esq.
       SEARCY & SEARCY, P.C.
       PO Box 3929
       Longview, Texas 75606
       Tel. (903) 757-3399
       Fax. (903) 757-9559

Attorneys for Globe Energy Services LLC:

       Jeff Carruth, Esq.
       WEYCER, KAPLAN, PULASKI & ZUBER, P.C.
       3030 Matlock Rd., Suite 201
       Arlington, Texas 76015
       Phone: (713) 341-1158
       Facsimile: (866) 666-5322
       Email: jcarruth@wkpz.com

           About Antero Energy Partners

Antero Energy Partners, LLC, filed a Chapter 11 petition (Bankr.
N.D. Tex. Case No. 16-30308) in Dallas on Jan. 25, 2016. Judge
Stacey G. Jernigan is assigned to the case. The Debtor tapped Keith
William Harvey, Esq., at The Harvey Law Firm, P.C., as counsel.

The Debtor estimated $10 million to $50 million in assets and
debt.

William T. Neary, the United States Trustee for Region 6, sought
for and obtained from the U.S. Bankruptcy Court for the Northern
District of Texas, Dallas Division, the approval of the
appointment
of Jeffrey Mims to serve as Chapter 11 Trustee.


BANDHU DEVELOPMENT: Disclosure Statement Hearing Set for July 28
----------------------------------------------------------------
Bandhu Development Inc. filed with the U.S. Bankruptcy Court for
the Western District of Pennsylvania a disclosure statement and
Chapter 11 plan on June 7, 2016.  The hearing to consider approval
of the disclosure statement will be held on July 28, 2016, at 11:00
a.m. Courtroom A, 54th Floor, U.S. Steel Tower, 600 Grant Street,
Pittsburgh, PA 15219.

The last date to file and serve written objections to the
disclosure statement pursuant to Fed.R.Bankr.P. 3017(a) is fixed as
July 18.

The Plan provides that:

     Class 1, Administrative Claims will be paid in full on the
Plan Effective Date or as the Parties agree;

     Class 2, Commercial Funding Solutions, III LLC will have the
secured debt as of February 2, 2016, $178,269.28, with interest
fees and costs accruing thereafter, as set forth in a settlement
agreement and approved by the Bankruptcy Court;

     Class 3, Secured and Priority Tax Claimants will be paid in
full over 5 years with appropriate post-confirmation interest;

     Class 4, General Unsecured Creditors will be paid a minimum of
$20,017.00 over five years; and

     Class 5, Equity interests in the Debtor will be retained with
modifications upon the shareholders and reduced salaries to assist
in feasibility of the Plan.

A copy of the Disclosure Statement is available at:

         http://bankrupt.com/misc/pawb16-20013-0090.pdf

The Debtor is represented by:

          Donald R. Calaiaro, Esq.
          Calaiaro Valencik
          428 Forbes Avenue − Suite 900
          Pittsburgh PA 15219
          Tel: 412−232−0930
          Fax: 412−232−3858
          E-mail: dcalaiaro@c−vlaw.com

Bandhu Development Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D. Penn., Case No. 16-20013) on January
4, 2016.  

The Debtor owns investment real estate.

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 Bandhu Development Inc.


BBB INDUSTRIES: S&P Assigns 'B' Rating on $50MM Term Loan
---------------------------------------------------------
S&P Global Ratings assigned its 'B' issue-level rating and '3'
recovery rating to BBB Industries US Holdings Inc.'s $50 million
2016 first-lien incremental term loan due 2021.  The '3' recovery
rating indicates S&P's expectation for substantial (50%-70%; lower
half of the range) recovery in the event of a default.

BBB Industries plans to use the proceeds from this term loan for
general corporate purposes, including to repay $48 million of
outstanding revolver borrowings and pay fees and expenses in
connection with the transaction.

S&P's corporate credit rating on Alabama-based auto supplier BBB
Industries US Holdings Inc. reflects its highly leveraged capital
structure and exposure to the very competitive aftermarket auto
supplier market.

RATINGS LIST

BBB Industries US Holdings Inc.
Corporate Credit Rating                        B/Stable/--

New Ratings

BBB Industries US Holdings Inc.
$50M 2016 1st-Ln Incremental Trm Ln Due 2021   B
  Recovery Rating                               3L


BELFOR HOLDINGS: Moody's Rates Proposed $200MM Facility Ba3
-----------------------------------------------------------
Moody's Investors Service assigned Ba3 ratings to the Belfor
Holdings, Inc.'s proposed $200 million revolving credit facility
and $420 million proposed term loan facilities (of which $150
million term loan A, $270 million term loan B), both secured by a
first lien on Belfor's assets and stock of its subsidiaries.
Concurrently, Moody's affirmed Belfor's B1 Corporate Family Rating
and B1-PD Probability of Default Rating.  The ratings outlook is
stable.

Proceeds will be applied to primarily refinance the company's
outstanding term loans and revolver.  The ratings on the
outstanding rated debt will be withdrawn upon close of the
transaction.

Rating Affirmations:

Issuer: Belfor Holdings, Inc.
  Corporate Family Rating, B1
  Probability of Default Rating, B1-PD

Issuer: Belfor USA Group, Inc.
  Senior Secured Bank Credit Facility, Ba3, LGD3
  Senior Secured Term Loans, Ba3, LGD3

Rating Assignments:

Issuer: Belfor USA Group, Inc.
  Senior Secured Bank Credit Facility, Ba3, LGD3
  Senior Secured Term Loans, Ba3, LGD3

Outlook Actions:

Issuer: Belfor Holdings, Inc. and Belfor USA Group, Inc.
  The outlooks are stable.

                        RATINGS RATIONALE

The B1 CFR is supported by the company's large scale, geographic
diversification (North America, South America, Europe, and Asia)
and leadership position within its industry.  Belfor leads the
highly competitive restoration services industry, where few
large--let alone global-- operators exist.  The company's
relationships with large corporations and with property and
casualty insurance providers drive a relatively large base of
recurring revenue.  Moody's anticipate that Belfor will continue
acquiring independent operators within North America and Europe
while also expanding its relationships with Asian insurance
providers.  Good geographic coverage helps position the company to
benefit from (infrequent but) profitable hurricane related work.

Nonetheless, the rating also reflects Belfor's relatively high
leverage for the rating category, its exposure to foreign exchange
headwinds, given about 50% of revenues are generated outside the
US, and key-man risk.  The rating is further constrained by Moody's
expectation of a continued declining trend in operating margin in
2016, a characteristic of the company's performance that has
prevented earnings growth, despite its high reinvestment rate. As
well, the company relies on revolver borrowings for working capital
needs and acquisition spending.  Moody's notes that, given Belfor's
leveraged profile, higher revolver borrowings than recent
historical averages would pressure the one-level up-notch in the
instrument ratings relative to the CFR.  Moody's expects leverage
to approximate 5x in 2016 (on a Moody's adjusted basis), compared
to 4.6x for the last twelve months ending March 2016, before an
expected decline to the mid 4x range by the end of 2017.  This
improvement would stem from EBITDA growth as Belfor will likely
sustain its high level of internally funded expansion spending. The
company's capacity to reduce leverage metrics also benefits from a
restrained dividend practice and likelihood of flat to modestly
positive organic revenue growth.

Liquidity is considered as adequate, pro-forma for the proposed
refinancing transaction, based on the lack of near-term debt
maturities and good availability and covenant headroom anticipated
under the new $200 million revolving credit facility.  The
liquidity profile also incorporates expectation of positive free
cash flow near-term.  Belfor typically holds rather low cash
balances (about $30 million), with the majority located outside the
U.S.  The company relies on its revolver for working capital and
acquisition spending purposes.  In a distressed scenario, it could
sell non-pledged assets to generate cash.

The stable outlook reflects our expectation that credit metrics
will continue to support the rating, including a decline in
financial leverage through 2017, as better expected free cash flow
generation can be used towards acquisition spending, thereby
lessening the dependence on debt for acquisitions.  Further,
dividend activity is anticipated to be low or non-existent.  Due to
the unpredictable occurrence of hurricanes, our forecast does not
include them.  EBITDA margin may decline near-term but the erosion
should be limited in magnitude and revenues should at least show
stability.

Ratings would likely come under downward pressure if we expected
adjusted leverage to exceed 5.0x or if free cash flow (cash from
operations minus capex and dividends) remained negative for a
sustained period.  Higher revolver borrowings than recent
historical averages could also pressure the ratings, as could
shareholder-friendly actions that compromise debt-holder interests
or the making of sizeable debt-funded acquisitions.

Upward rating change would be driven by expectation for leverage to
be sustained below 3.5x, free cash flow to adjusted debt exceeding
10%, and evidence of a commitment to a more conservative financial
policy

The principal methodology used in these ratings was Environmental
Services and Waste Management Companies published in June 2014.

Belfor Holdings, Inc. through its subsidiaries is a global damage
recovery and restoration provider offering its services to
insurance companies, insurance intermediaries, industrial,
commercial and residential customers.  The company is
management-owned.  Revenues were approximately $1.3 billion over
the twelve months ended March 31, 2016.


BIONITROGEN HOLDINGS: Taps Frederick M. Lehrer as Special Counsel
-----------------------------------------------------------------
BioNitrogen Holding, Corp. and its affiliates seek approval from
the U.S. Bankruptcy Court for the Southern District of Florida to
hire the Law Office of Frederick M. Lehrer. as their special
counsel.  

The services to be provided by the firm include advising the
Debtors about securities law obligations and compliance, and
assisting them in exploring investment opportunities from third
parties to aid the Debtors' emergence from bankruptcy.

Frederick Lehrer, Esq., a shareholder of the firm, will be paid at
his current hourly rate of $400.

In a court filing, Mr. Lehrer disclosed that the firm does not hold
or represent any interest adverse to the Debtors.

The firm can be reached through:

     Frederick Lehrer
     Law Office of Frederick M. Lehrer
     285 Uptown Boulevard, #402
     Altamonte Springs, FL 32701

                 About BioNitrogen Holdings Corp.

BioNitrogen Holdings Corp. (OTC PINK: BION) --
http://www.BioNitrogen.com/-- is a cleantech company that utilizes
patented technology to build environmentally friendly plants that
convert biomass into urea fertilizer.

Miami, Florida-based BioNitrogen Holdings, Corp., formerly known as
Hidenet Securities Architectures, Inc., doing business as
BioNitrogen Corp. and its affiliates filed for Chapter 11
protection (Bankr. S.D. Fla. Case Nos. 15-29505 - 15-29515) on Nov.
3, 2015.  The petition was signed by Carlos A. Contreras, chairman
and chief executive officer.

Bankruptcy Judges Robert A. Mark, Laurel M. Isicoff and Jay Cristol
preside over the cases.  Jacqueline Calderin, Esq., at Ehrenstein
Charbonneau Calderin represents th Debtors in their restructuring
effort.  BioNitrogen Holdings has unknown assets and liabilities of
$3.5 million.  BioNitrogen Florida Holdings and BioNitrogen Plant
FL Taylor estimated assets between $0 to $50,000 and debts at $1
million to $10 million.


BON-TON STORES: S&P Lowers CCR to CCC on Weakening Liquidity
------------------------------------------------------------
S&P Global Ratings lowered its corporate credit rating on the York,
Pa.-based The Bon-Ton Stores Inc. to 'CCC' from 'CCC+'.  The
outlook is negative.

At the same time, S&P lowered the issue-level rating on the
company's second-lien senior secured notes to 'CCC-' from 'CCC;
commensurate with the corporate credit rating.  The '5' recovery
rating remains unchanged, indicative of S&P's expectation for
modest recovery toward the lower end of the 10% to 30% range in the
event of a payment default or bankruptcy.

"The downgrade reflects our revision of the company's liquidity to
weak, increasing refinancing risk for an upcoming debt maturity in
mid-2017, and that a default is likely within 12 months absent an
meaningful turnaround in operating results," said credit analyst
Mathew Christy.  "Our view considers the June 20, 2016,
announcement that a previously agreed upon sales-leaseback of three
company-owned stores was terminated, which we believe suggests
sustained industry weakness and operating performance for Bon-Ton."


The negative outlook reflects S&P's view that a default could occur
in the next 12 months given the company's eroding liquidity
following the termination of the company's sales-lease back
transaction and S&P's expectation for protracted weakness in the
operating environment.  Bon-Ton also faces increasing refinancing
risk for upcoming debt maturities absent a meaningful improvement
in operating performance.

S&P could lower its ratings if it believes a default is inevitable
within the next six months.  This could occur if continuous
operating performance deterioration is worse than S&P's base-case
assumptions, leading to an acceleration in ABL borrowings and a
further erosion in liquidity, which would cause the company to seek
a capital restructuring.

A higher rating is unlikely in the next 12 months given the
declining operating performance trends, an unsustainable capital
structure, and S&P's view that the company does not generate
sufficient cash flows to support its operations, interest burden,
and refinancing needs.  A positive rating action would be
predicated on a significant turnaround in operating performance,
leading to a significant improvement in the company's cash flow
generation and liquidity position.


CARL MEDGAUS: Small Business Plan Due Sept. 27
----------------------------------------------
A Chapter 11 Small Business Plan and disclosure statement are due
by Sept. 27, 2016, in the joint Chapter 11 case of Carl Medgaus and
Norma Medgaus.

Carl Medgaus and Norma Medgaus filed a Chapter 11 bankruptcy
petition (Bankr. W.D. Penn. Case No. 15-24694) on December 29,
2015.  Judge Carlota M. Bohm presides over the case.  The Debtors
are represented by:

          Ronald B. Roteman, Esq.
          The Stonechipher Law Firm
          125 First Avenue
          Pittsburgh, PA 15222
          Tel: 412-391-8510
          Fax: 412-391-8522
          Email: rroteman@stonecipherlaw.com


CDS US INTERMEDIATE: Moody's Affirms B2 CFR, Outlook Stable
-----------------------------------------------------------
Moody's Investors Service affirmed CDS U.S. Intermediate Holdings,
Inc. (doing business as Cirque du Soleil) B2 Corporate Family
Rating and B2-PD Probability of Default Rating (PDR).
Concurrently, Moody's affirmed a B1 rating on the first-lien credit
facilities, consisting of a $635 million senior secured term loan
and $120 million senior secured revolving credit facility (RCF),
and Caa1 rating of the $150 million second-lien senior secured term
loan.  The rating outlook is stable.

Moody's affirmed these ratings:

Issuer: CDS U.S. Intermediate Holdings, Inc.:

  Corporate Family Rating -- B2

  Probability of Default Rating -- B2-PD

  $120 Million First-Lien Senior Secured Revolver due 2020 --
   B1 (LGD3)

  $635 Million First-Lien Senior Secured Term Loan due 2022 --
   B1 (LGD3)

  $150 Million Second-Lien Senior Secured Term Loan due 2023 -
   Caa1 (LGD5)

  Outlook: Stable

                       RATINGS RATIONALE

Cirque du Soleil B2 CFR reflects the company's strong franchise of
branded shows, its flexible operating model and its ability to
continuously develop creative content and source talent in order to
provide for a variation in its themed shows to maintain consumer
appeal.  The company is weakly positioned for its rating with high
leverage of 6.1x debt-to-EBITDA (LTM as of April 3rd, 2016,
incorporating Moody's standard operating lease adjustments)
following weaker than expected 2015 results, with strong drive
towards performance improvements in 2016 via greater number of
performances, increased ticket pricing and higher occupancy. Cirque
du Soleil faces significant competition for discretionary consumer
spending and its concentration in Las Vegas where it has a strong
relationship with its event partner MGM Resorts International has
begun to show signs of maturity, as is evidenced by weaker than
expected occupancy rates at its resident shows over the past year.
The upfront investment and lead time to develop and launch new
shows, uncertain consumer reception for newly launched shows,
maturation of existing shows, and economic cycles create meaningful
earnings and cash flow volatility.  The Las Vegas exposure is
partially mitigated by the geographic diversity contributed by the
company's global touring business, however, it also exposes the
company to foreign exchange risk.

The company utilizes a partnership business model for its resident
shows that minimizes capital expenditures and provides a variable
operating expense structure such that many of the expenses are
incurred on a per show or per box office sale basis.  This creates
greater flexibility than exists in the touring business to adjust
costs in response to unplanned closures of live performances when
consumer appeal does not meet the company's expectations.  Because
the venue for resident shows is established, the "time to
performance" visibility is better for resident shows than for
touring events.  These are positive operating risk mitigants to
Cirque du Soleil's show planning cycle.

Cirque du Soleil's mature single-product operating structure
exposes it to events outside of its control, such as changes in
consumer income and discretionary spending, travel disruptions,
competition from other entertainment providers, natural disasters,
and political upheavals.  Such exposures as well as several misses
on its resident shows have resulted in historical performance
volatility, particularly when combined with relatively lumpy show
development expenses.  Subsequent to its LBO, Cirque du Soleil
began to modify its operating strategy, broadening its product
offering through third-party IP partnerships (such as recent launch
of Toruk show) and its recent announcement with the National
Football League, and is looking forward to further geographic
expansion into new markets and venues as well as introduction of
more affordable performances targeting families. The company is
also working on broadening its partnerships, improving its
ticketing process, and optimizing its concession and merchandizing
operations.  If well executed, incremental product diversity may
provide operating income stability during periods of weaker
economic conditions.

Moody's expects the company's near term revenue and operating
profit to improve relative to 2015 performance as management's
aggressive growth initiatives have already started to show results
through first quarter of 2016 via improved ticket sell through for
its resident shows.  Moody's projects overall debt-to-EBITDA
leverage to decline to mid-5x over the next 12-18 months as
operating improvements in the form of greater occupancy, higher
ticket pricing and stronger ancillary sales are expected to yield
good EBITDA and cashflow growth.

Moody's expects the company will maintain adequate liquidity with
cash balances of at least $25 million, positive free cash flow,
full access to a $120 million five-year revolving credit facility,
and the absence of financial maintenance covenants in the credit
facility except for a springing first lien net leverage ratio in
the revolver that Moody's does not anticipate will be triggered
over the next 12-18 months.

The stable rating outlook reflects Moody's view that the company
will maintain its strong branded position within the entertainment
segment, continuing to re-invent its live acrobatic performances.
Moody's expects moderate revenue growth over the next 12-18 months
largely through incremental ticket pricing increases, stronger
attendance and improvements in ancillary product sales.  Moody's
expects the EBITDA margins to remain in high-teens, with 10% - 20%
conversion of EBITDA into free cash flow, and debt-to-EBITDA
declining to mid-5x range.  Moody's projects positive free cash
flow of roughly $20 - $30 million over the next 12 months (assuming
no dividends), which will likely be used for broadening of the
company's long-term product offerings.

An upgrade is unlikely given the company's close position to its
downgrade trigger and weak position for the rating.  An upgrade
could occur if Cirque du Soleil exhibits revenue growth and
successful implementation of product expansion leading to
consistent and increasing free cash flow generation, sustained
reduction in total debt to EBITDA leverage below 4.5x (Moody's
adjusted) and free cash flow to adjusted debt of at least 10%.  The
company would also need to maintain a good liquidity position and
exhibit prudent financial policies to be considered for an
upgrade.

Ratings could be downgraded if debt-to-EBITDA leverage is sustained
above 6.0x (Moody's adjusted) over the next 6 - 12 months, either
through underperformance to plan or via aggressive financial
policies.  Cirque du Soleil's ratings could also be downgraded if
broader macro-economic trends or changes in consumer appeal result
in consistent underperformance of its core live acrobatic shows,
its liquidity weakens, or the company's new incremental performance
products fail to generate sufficient cash flow on a consistent
basis.

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

Cirque du Soleil is a provider of unique live acrobatic theatrical
performances.  The company currently has 9 resident shows (7 in Las
Vegas, 1 in Orlando and 1 in New York), and 7 touring shows (to
increase to 8 in 2Q 2016).  For FYE December 2015, the company's
revenue was $756 million.  The company's founder, Guy Laliberte,
retains a 10% minority interest after a leveraged buyout in July of
2015.  TPG Capital Group (55% share), Fosun Capital Group (25%
share) and Caisse de depot et placement du Quebec (10% share)
purchased 90% the company using the proceeds of the credit
facilities plus approximately $630 million of cash equity
contribution.


CHOUDRIES INC: Seeks to Hire R. B. Hill as Accountant
-----------------------------------------------------
Choudries, Inc. seeks approval from the U.S. Bankruptcy Court for
the Middle District of Pennsylvania to hire R. B. Hill, Ltd.

The Debtor tapped the firm to provide accounting services in
connection with its Chapter 11 case.  

Richard and Daren Blickstein, the firm's professionals who will
provide the services, will receive $200 per hour and $50 per hour,
respectively.

In a court filing, Richard Blickstein disclosed that the firm has
no prior connection with the Debtor and does not represent any of
its creditors.

The firm can be reached through:

     Richard Blickstein
     R. B. Hill, Ltd.
     1964 Deer Path Rd.
     Harrisburg, PA 17110
     Tel: (717) 329-8354

                      About Choudries Inc.

Headquartered in Mechanicsburg, Pennsylvania, Choudries Inc. dba
Super Seven Food Mart filed for Chapter 11 bankruptcy protection
(Bankr. M.D. Pa. Case No. 16-02475) on June 13, 2016, and is
represented by Gary J. Imblum, Esq., at Imblum Law Offices, P.C.
The petition was signed by Abdul Akhter, president.  The Debtor
estimated its assets and liabilities at between $1 million and $10
million each.  Judge Mary D. France presides over the case.


CITICARE, INC: Patient Care Ombudsman Finds No Significant Issues
-----------------------------------------------------------------
Daniel T. McMurray, the Patient Care Ombudsman appointed in the
Chapter 11 cases of Citicare, Inc., filed a report for the period
March 30 to May 28, 2016.

The Patient Care Ombudsman conducted numerous interviews, meetings,
inspections and document reviews conducted with Management and
Citicare's staff.  Management and staff at the Clinic continue to
be cooperative in providing information, producing data and repots
and responding to questions in an honest and open fashion.  The
Ombudsman has made a best effort, within the time and financial
constraints, to conduct a review and assessment of the quality of
care.

It is the opinion of the Ombudsman, after careful and thorough
review, that there were no significant issues during this 60-day
reporting period with regard to the quality of care provided by the
Debtor at its Article 28 Diagnostic and Treatment Center, although
Management should provide greater attention to medical records
documentation and should expedite Citicare's scanning of all
remaining paper medical records.  As in prior Reports, however, the
potential remains for the Debtor soon to experience a cash crisis.

The Ombudsman will continue to make every effort to review the
Debtor's operations and to provide the Court with a perspective on
issues related to patients' care, duality of service and actions
which have potential or direct impact on patients.

Citicare, Inc., filed a Chapter 11 bankruptcy petition (Bankr.
S.D.N.Y. Case No. 13-11902) on June 9, 2013.  The petition was
signed by Silva Umukoro, the president.  The Debtor is represented
by Gabriel Del Virginia, Esq.  The Debtor estimated assets of
$500,000 to $1 million and debts of $1 million to $10 million.



CLASSIC COMMUNITIES: To Sell Dorset Square Project for $202K
------------------------------------------------------------
Classic Communities Corporation asks the U.S. Bankruptcy Court for
the Middle District of Pennsylvania for authorization  to sell its
property, known as the Dorset Square project, located at Lot T-177,
723 Jonathan Court, Upper Allen Township, Mechanicsburg, Cumberland
County, Pennsylvania, free and clear of liens.

The Debtor has entered into an agreement of sale with Theresa
Deavor.  Co-seller, Legacy Homes of Central PA, LLC, intends to be
the builder or contractor with respect to the construction of a
home on the Real Property.

The allocation of the total purchase price for the sale of the Real
Property and construction of the home is $202,000. The portion of
the purchase price to be paid to the Debtor is $133,941, and the
portion of the consideration to be paid to Legacy is $68,058. A
credit of $721 is to be provided by the Seller, collectively the
Debtor and Legacy, to the Buyer for closing costs and prepaid
items.

Mid Penn Bank objects to the payment of any proceeds to Legacy
Homes before payment in full to the bank.  To address this
objection, the Debtor has submitted a revised proposed order to
provide that the Court "condition approval of Debtor's request for
approval of the sale of the Real Property on payment in full of Mid
Penn Bank's lien in the amount of $169,000 at the time of
closing."

The Official Committee of Unsecured Creditors says it does not
object to the proposed sale but asserts that it must be afforded
time to evaluate the nature, extent, validity and priority of all
claims against the Property, including, the asserted  mortgage lien
by MidPenn Bank, the judgment note in favor of Down East
Fabricators and the judgment lien of Lezzer Holdings, Inc.
Additionally, the Committee complains that the Debtor has failed to
establish any support for immediately paying to Legacy Homes the
proposed sum of $68,058, and has likewise failed to establish
whether the distribution would be on account of an administrative
expense or secured claim, and the entitlement related thereto.
Moreover, the Committee tells the Court that it still have to
address the necessity of escrowing all sale proceeds received in
connection with the sale, and holding such proceeds pending further
investigation by the Committee and Order(s) of the Court.

Counsel for Classic Communities Corporation:

       Robert E. Chernicoff, Esq.
       CUNNINGHAM, CHERNICOFF & WARSHAWSKY, P.C.
       2320 North Second Street
       PO Box 60457
       Harrisburg, PA 17106-0457
       Telephone: (717)238-6570

Attorneys for Mid Penn Bank:

       Steven J. Schiffman, Esq.
       Tracy L. Updike, Esq.
       SERRATELLI, SCHIFFMAN & BROWN, P.C.
       2080 Linglestown Road, Suite 201
       Harrisburg, PA 17110
       Telephone: (717) 540-9170
       Email: sschiffman@ssbc-law.com
              tupdike@ssbc-law.com

Proposed Attorneys for the Official Committee of Unsecured
Creditors:

       Gary H. Leibowitz, Esq.
       COLE SCHOTZ P.C.
       300 E. Lombard Street, Suite 1450
       Baltimore, MD 21202
       Telephone: (410) 528-2971  
       Facsimile: (410) 528-9401
       Email: 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.


COMPUCOM SYSTEMS: Moody's Lowers CFR to Caa2, Outlook Negative
--------------------------------------------------------------
Moody's Investors Service downgraded CompuCom Systems, Inc.'s
Corporate Family Rating to Caa2 from B3 and downgraded the
company's Probability of Default Rating to Caa2-PD from B3-PD.
Moody's also downgraded the rating of the company's senior secured
bank facility to Caa1 from B2 and the rating on the senior
unsecured notes at Caa3 from Caa2.  The ratings downgrade was
driven by continued weakness in operating performance and resulting
increase in debt leverage that the company has experienced in
recent quarters since Moody's previous downgrade in September 2015.
The outlook remains negative.

Moody's downgraded these ratings:

  Corporate Family Rating, Downgraded to Caa2 from B3

  Probability of Default Rating, Downgraded to Caa2-PD from B3-PD

  First Lien Senior Secured Term Loan due May 2020, Downgraded to
   Caa1 (LGD3) from B2 (LGD3)

  Senior Unsecured Notes due May 2021, Downgraded to Caa3 (LGD5)
   from Caa2 (LGD5)

Outlook is Negative

                         RATINGS RATIONALE

The Caa2 CFR reflects Moody's growing concern that CompuCom's
capital structure may be unsustainable given the company's elevated
leverage and progressively deteriorating business performance since
its May 2013 leveraged buyout.  CompuCom faces intensifying
competitive pressure from larger and financially stronger rivals as
well as competitors based in lower cost regions, increasing
CompuCom's susceptibility to weakening pricing trends, especially
in the context of contract renewals.  CompuCom's sales have
steadily declined since mid-2013, contracting by nearly 8% on a pro
forma basis in the March 2016 quarter, while profitability has been
incrementally pressured as cost reduction efforts have failed to
offset erosion in pricing and business volume.  Concurrently, debt
leverage has continued to increase and exceeds 9x (Moodys adjusted)
as of March 31, 2016. While these uncertainties are somewhat
mitigated by CompuCom's long-standing relationships with key
blue-chip customers and good client retention rates, the risk of a
more protracted decline in operating performance over the next 12
months further weighs on the company's fundamental credit profile.

The negative outlook reflects the continued uncertainties related
to the timing of a stabilization in CompuCom's business after a
multi-year contraction in sales and profitability.

Moody's projects revenues to decline by nearly 4%, on a pro forma
basis, in 2016 with concurrent erosion in margins bringing
Debt/EBITDA (Moodys adjusted) to over 10.5x.  While Moody's expects
a moderate recovery in sales in 2017, debt leverage is unlikely to
decline below 10x during this period.  Moody's does not expect
CompuCom to generate meaningful free cash flow (FCF) in 2016, but
FCF/Debt should approximate 4% in 2017 due to an expected decline
in capital expenditures.  As of March 31, 2016, CompuCom had $62
million in cash and $130 million in availability under the
company's receivable securitization program, providing adequate
liquidity while CompuCom seeks to engineer a turnaround in its
operations.  Although the company is not subject to any financial
maintenance covenants, its leverage currently exceeds the debt
incurrence ratios for senior secured leverage and total leverage of
4.0x and 5.5x, respectively, limiting CompuCom's ability to incur
additional debt beyond approximately $200 million in capacity
available under its bank facility carveouts.  However, these
limitations do not prevent the company from accessing its
securitization facility that expires in late 2020.  The receivable
securitization facility is limited by a springing minimum interest
coverage covenant requirement that is not expected to be in effect
over the next 12-18 months.  Considering the exclusion of the
company's accounts receivable assets up to the amounts outstanding
under the securitization facility from the term loan collateral
pool, the Caa1 term loan rating reflects a one notch downward
override from the output of Moody's Loss Given Default model.

What Could Change the Rating - Up

The ratings could be upgraded if CompuCom's business prospects
improve sufficiently to lower Moody's concerns with respect to the
sustainability of the capital structure or to improve Moody's
recovery expectations in a default scenario.

What Could Change the Rating - Down

The ratings could be lowered if Moody's expectations for CompuCom's
probability of default and recovery continue to erode.

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

Headquartered in Dallas, Texas, CompuCom is a mid-tier provider of
information technology (IT) outsourcing services and product
provisioning services to enterprise customers in North America.
CompuCom's services include end-user computing, help desk, data
center management, network infrastructure, and IT workforce
solutions.  The company is privately owned by affiliates of Thomas
H. Lee Partners.


DAYTON POWER: Fitch Says Ohio Court Order Could Pressure Ratings
----------------------------------------------------------------
The Ohio Supreme Court's rejection of Dayton Power and Light's
(DP&L: 'BB+' Long-term Issuer Default Rating [LT IDR]/Stable
Outlook) "service stability rider" (SSR) charge could have material
credit impact on DP&L and its parent DPL Inc. (DPL: 'B+' LT
IDR/Stable Outlook), according to Fitch Ratings.

In addition to cash flow reduction in the near term, the ruling
could jeopardise the potential extension of a similar rate
structure beyond 2016 as requested in the currently pending
Electric Security Plan (ESP) filed by DP&L in February 2016. Fitch
views the receipt of these payments as key to reducing leverage at
DP&L.

The Ohio Supreme Court is expected to issue a mandate within 10
days from the ruling, which may provide some clarity and
alternatives for DP&L. Fitch will closely monitor the mandate and
determine the necessary rating actions at that time.

The ruling will likely terminate the collection of the remaining
SSR in 2016 of approximately $60 million while the $250 million of
SSR payments that have already been collected are not subject to
refund. More importantly, Fitch expects that the court mandate may
indicate that the ruling denied the legality of the SSR, thus will
cast serious doubts upon the extension of a similar rate structure,
which is a crucial part of the pending ESP. The ESP requested that
a 10-year non-by-passable fixed-charge rider similar to the SSR be
adopted, as an alternative to a "reliable electricity rider" (RER).
RER is a construct that is similar to the Purchased Power Agreement
(PPA) constructs proposed by other Ohio utilities. Fitch notes that
similar PPAs in Ohio have faced challenges from the Federal Energy
Regulatory Commission due to the non-by-passable nature of these
charges.

Fitch has previously stated that the outcome of the pending ESP
will be a key determinant of the ratings and Outlook for both DP&L
and DPL. In light of the Supreme Court order, Fitch anticipates
negative rating pressure on both entities. The timing and severity
of the negative rating actions will be subject to additional
details provided in the pending court mandate as well as Fitch's
assessment of the likelihood and extent of alternate regulatory
support from the Public Utility Commission of Ohio (PUCO). Such
support, if provided, could take the form of alternative
earnings-enhancing rate structures, such as the capacity pricing
scheme without a retail stability rider which was adopted by a peer
utility, Ohio Power Company ('BBB+' LT IDR/Stable Outlook).


DAYTON SUPERIOR: S&P Affirms 'B' CCR, Outlook Remains Stable
------------------------------------------------------------
S&P Global Ratings said it affirmed its 'B' corporate credit rating
on Dayton Superior Corp.  The outlook remains stable.

S&P's revision of Dayton's liquidity assessment reflects the
company's upcoming major debt maturity in approximately 18 months.
While S&P expects the company to have adequate liquidity for the
next 12 months, failure to refinance the December 2017 debt
maturity could constrain liquidity as that maturity date
approaches.

"The stable outlook reflects our view that the company will perform
in the leverage range for the rating with adjusted debt to EBITDA
between 5x and 6x and FFO to debt of about 12% in the next 12
months," said S&P Global Ratings credit analyst Vania Dimova. "The
stable outlook also reflects our expectation that the company will
maintain adequate liquidity by executing a refinancing plan by the
end of the third quarter of 2016."

S&P could take a negative rating action if the company is not able
to refinance its debt before becoming current in late 2016, which
could result in a liquidity assessment of less than adequate.  S&P
could also lower the rating if weaker-than-expected market
conditions, operational problems, or higher debt to fund
shareholder or growth initiatives resulted in leverage remaining in
excess of 8x (including preferred equity).

S&P sees the possibility of an upgrade of Dayton as unlikely over
the next 12 months.  S&P would consider an upgrade if debt to
EBITDA were maintained below 5x and demonstrated by a credible
financial policy of maintaining the leverage below 5x and FFO to
debt above 12%.


DE LEON ENTERPRISES: Care of Residents Unaffected by Ch. 11 Cases
-----------------------------------------------------------------
John Drats, Jr., the Patient Care Ombudsman appointed in the
Chapter 11 case of De Leon Enterprises LLC, has issued a third
report with regards to the quality of care provided by the Debtor.

Based on the review of the documents filed in this Chapter 11 case
since its last report, correspondence with Mrs. De Leon and review
of the two facility evaluation reports of the Ithaca facility, the
Patient Care Ombudsman has no indication or belief that the Chapter
11 Bankruptcy proceeding in this case has adversely affected the
care of residents at the Debtor's facilities.  The Debtor's
representative, Mrs. De Leon, has been very responsive to inquiries
and the Ombudsman is confident that CDSS has been vigilant in
overseeing the De Leon facilities.  

The Ombudsman is aware that this Court will review the issues of
whether or not a patient care ombudsman is necessary for the De
Leon facilities, and if so, whether the Ombudsman is eligible to
continue in this capacity.  The Ombudsman expresses his desire to
continue as the ombudsman but understand if the Court feels his
temporary absence from the State makes the Ombudsman unable to
fulfill my obligations as patient care ombudsman.

De Leon Enterprises, LLC, runs four residential facilities for
developmentally disabled adults in the East Bay area, specifically
Fremont, Newark, Union City and Hayward, Calif.  De Leon
Enterprises filed a Chapter 11 petition (Bankr. N.D. Cal. Case No.
15-43472) on Nov. 11, 2015.  The Debtor is represented by Marc
Voisenat, Esq., at Law Offices of Marc Voisenat.


DEBRA L. RUSSELL: Plan Confirmation Hearing Set for July 14
-----------------------------------------------------------
Judge Carlota M. Bohm approved the disclosure statement explaining
the plan of reorganization of Debra L. Russell aka Debra L. Speer,
dated April 27, 2016.

July 7 is fixed as the last day for filing written acceptances or
rejections to the plan and the last day to file claims not already
barred by operation of law or rule or order of the Court.

July 14 at 1:30 p.m. is the time and place fixed for hearing on
confirmation of the plan.

July 7 is fixed as the last day for filing and serving written
objections to confirmation of the plan.

Pursuant to Bankruptcy Rule 4004(a), the last day for filing a
complaint objecting to discharge, if applicable, shall not be later
than July 14.

Debra L. Russell filed a Chapter 11 petition (Bankr. W.D. Pa. Case
No. 15-23345) on September 11, 2015.


DPL INC: S&P Puts 'BB' CCR on CreditWatch Negative
--------------------------------------------------
S&P Global Ratings said it placed its ratings, including the 'BB'
corporate credit rating, on Dayton, Ohio–based DPL Inc. and
subsidiary Dayton Power & Light Co. (DP&L) on CreditWatch with
negative implications.  DPL's 'BB' senior unsecured ratings and
DP&L's 'BBB-'first mortgage bonds were also placed on CreditWatch
negative.  S&P is also revising DPL's recovery rating to '4' from
'3'.  At the same time, S&P revised DP&L's and DPL's liquidity
assessment to adequate from strong.

The CreditWatch listing follows the Ohio Supreme Court's opinion
that reverses the Public Utilities Commission of Ohio's approval of
DP&L's non-bypassable service stability rider (SSR).  Under the
current SSR, the company was permitted to collect about
$110 million per year from 2014 to 2016.  The Ohio Supreme Court's
opinion increases the likelihood of a weaker financial risk
profile, reflecting weaker financial measures for DPL and DP&L that
could result in a near term ratings downgrade.

S&P is revising its liquidity assessment for DPL and DP&L to
adequate from strong, reflecting relatively high debt maturities
due in 2016.  The companies can cover liquidity needs for the next
12 months even if EBITDA declines by 10%.  S&P expects liquidity
sources over the next 12 months will exceed uses by more than 1.1x.
Our revised liquidity assessment also includes some refinancing
risk over DP&L's debt maturities due in 2016.

S&P will resolve the CreditWatch listing depending on the responses
of the PUCO and the company to the Ohio Supreme Court's reversal.



ENBRIDGE ENERGY: Moody's Affirms Ba1 Rating on Subordinate Shelf
----------------------------------------------------------------
Moody's Investors Service has affirmed the Baa2 senior unsecured
ratings for Enbridge Inc (ENB) and its subsidiaries Enbridge Income
Fund (EIF) and Enbridge Energy Limited Partnership (EELP). Moody's
also affirmed the Baa3 senior unsecured rating for Enbridge Energy
Partners L.P. (EEP) and the Prime -- 2 short term commercial paper
rating for Enbridge (U.S.) Inc.  In addition, Moody's changed the
rating outlooks for ENB, EIF, EELP and EEP to negative from
stable.

"The negative outlook reflects the likelihood of ongoing high
leverage and elevated execution risks associated with the company's
capital program," said Gavin MacFarlane, Vice President/Senior
Credit Officer.  "While Moody's expects key financial metrics to
improve over the next few years, it is unlikely Enbridge will reach
the financial metric thresholds necessary to maintain its current
rating without additional corporate actions."

                        RATINGS RATIONALE

Enbridge's negative rating outlook reflects the company's
heightened execution risk associated with its capital expenditure
plans, and a consolidated ratio of debt to EBITDA of about 7x for
the latest twelve months ended March 31, 2016.  Moody's sees this
ratio as too high for Enbridge's Baa2 rating.  While Moody's
expects leverage to improve from the current level, Enbridge's
financial ratios are poised to remain above the thresholds
associated with the current rating for several years.  A key driver
that should help improve leverage is the completion of the C$7.5
billion Line 3 Replacement (L3R) project, the most expensive
project in the company's history.  The L3R is a 1,660 kilometer
pipeline that runs from Hardisty, Alberta to Superior, Wisconsin
and is one of the pipes that forms part of Enbridge's mainline. The
L3R is now expected to be service in early 2019, as opposed to
2017.  Previously, Enbridge had a strong track record of executing
on its capital program, however, the company has not been immune to
a sector trend of increased execution risk associated with
high-profile liquids projects.  The L3R is being undertaken by the
company's major projects group.

Enbridge's Baa2 senior unsecured rating reflects the company's
large size and scale as well as its low risk asset base offset by
high leverage, structural subordination and a complex
organizational and capital structure.

EIF's negative rating outlook reflects the company's high
consolidated debt to EBITDA ratio, and exposure to the delayed L3R
project.  EIF's ratio of debt to EBITDA was about 6.4x at FYE 2015,
and is not expected to fall below 5.5x, a level we associate with
the current Baa2 rating, until the L3R project is completed in
2019.  EIF's share of the L3R is about C$5 billion and represents
investments on the Canadian portion of the project.  The project is
key to a material improvement in EIF's financial metrics.  Enbridge
Income Fund's (EIF) Baa2 senior unsecured rating reflects its large
scale and the strong business risk profile of its assets, offset by
high leverage and structural subordination.

EEP's negative rating outlook and Baa3 rating incorporates one
notch of support from the ultimate parent, ENB, given the strategic
value of EEP to ENB.  However, Moody's may not assign a notch of
uplift to EEP if it equalizes the ratings with parent ENB because
ENB will likely put its needs ahead of its subsidiaries, including
EEP and EELP which has resulted in their outlooks being changed to
negative from stable as well.  EEP also has very high leverage that
on a proportionately consolidated basis was about 7x at FYE 2015.
EEP is undertaking the US portion of the L3R and is also developing
the roughly USD3 billion Sandpiper project that has seen its in
service date pushed back twice. EEP also has a somewhat weaker
business risk profile than ENB a nd EIF given the increased volume
and price risk inherent in its natural gas segment.

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

Outlook Actions:

Issuer: Enbridge Energy Limited Partnership
  Outlook, Changed To Negative From Stable

Issuer: Enbridge Energy Partners, L.P.
  Outlook, Changed To Negative From Stable

Issuer: Enbridge Inc.
  Outlook, Changed To Negative From Stable

Issuer: Enbridge Income Fund
  Outlook, Changed To Negative From Stable

Affirmations:

Issuer: Enbridge (U.S.) Inc.

Issuer: Enbridge Energy Limited Partnership
  Subordinate Shelf , Affirmed (P)Baa3
  Senior Unsecured Shelf , Affirmed (P)Baa2
  Senior Unsecured Regular Bond/Debenture, Affirmed Baa2

Issuer: Enbridge Energy Partners, L.P.
  Issuer Rating , Affirmed Baa3
  Junior Subordinated Regular Bond/Debenture , Affirmed Ba1
  Subordinate Shelf, Affirmed (P)Ba1
  Senior Unsecured Shelf, Affirmed (P)Baa3
  Senior Unsecured Commercial Paper , Affirmed P-3
  Senior Unsecured Regular Bond/Debenture, Affirmed Baa3

Issuer: Enbridge Inc.
  Issuer Rating, Affirmed Baa2
  Preferred Shelf , Affirmed (P)Ba1
  Senior Unsecured Shelf , Affirmed (P)Baa2
  Subordinate Shelf , Affirmed (P)Baa3
  Pref. Stock Preferred Stock , Affirmed Ba1
  Senior Unsecured Medium-Term Note Program , Affirmed (P)Baa2
  Senior Unsecured Regular Bond/Debenture, Affirmed Baa2

Issuer: Enbridge Income Fund
  Senior Unsecured Medium-Term Note Program , Affirmed (P)Baa2
  Senior Unsecured Shelf , Affirmed (P)Baa2
  Senior Unsecured Regular Bond/Debenture , Affirmed Baa2


ENERGY TRANSFER: Fitch Says Delaware Ruling Neutral to Ratings
--------------------------------------------------------------
Fitch Ratings believes that the Delaware Court of Chancery ruling
that Energy Transfer Equity, LP is entitled to terminate its merger
agreement with The Williams Companies, Inc. (WMB; 'BB+'/Rating
Watch Negative) is neutral to ETE's ratings and Outlook. The court
decision which indicated that the inability of Latham & Watkins,
LLP to provide a '721(a) tax opinion', a condition precedent to
closing the merger, was made in good faith provides ETE the right
to terminate the merger on June 29, 2016. Fitch believes the ruling
increases the likelihood that the ETE Williams merger will not
happen as ETE is expected to terminate the deal even as WMB
continues to press for a merger. The ruling and termination is
expected to be met with further litigation from WMB. Fitch expects
WMB shareholders to vote in favor of the merger and WMB, as per its
public statements, "will take appropriate actions to enforce its
rights under the merger agreement and deliver its benefits to
Williams' stockholders."

Fitch believes that termination of the merger is marginally
beneficial to ETE's near-term credit profile but not enough to
impact current ratings. The merger failing to close will alleviate
some of the balance sheet pressure that the merger would have
placed on ETE given the addition of approximately $6.0 billion in
merger debt and the roughly $5.1 billion in WMB level debt that ETE
was expected to assume. Fitch primarily assesses ETE's stand-alone
(not consolidated) financial characteristics to determine its
ability to support its fixed obligations. In particular, for
financial ratio analysis, Fitch assesses the amount and quality of
ETE's cash flows derived from distributions from its underlying
partnership subsidiaries relative to the amount of its direct debt
and interest payments at the ETE level.

Pro forma for the WMB acquisition, ETE was expected to have roughly
$17.2 billion in ETE/WMB level debt (and structurally subordinated
to roughly $51 billion in subsidiary level debt). Recent commodity
price weakness and capital funding needs at the major cash
providing operating subsidiaries Energy Transfer Partners, LP (ETP;
'BBB-'/Stable Outlook) and Williams Partners, LP (WPZ;
'BBB-'/Stable Outlook) was expected to pressure distributions up to
ETE, which had outlined a plan to forego distributions up to ETE
and suspend ETE distributions in order to help alleviate capital
funding needs at ETP and WPZ and protect ratings at the
subsidiaries, as well as pay down ETE debt (primarily the $6.0
billion merger term loan). This pressure on distribution up to ETE
will mean a flex out in stand-alone ETE leverage measures for 2016
through 2018 above Fitch's prior expectations with ETE management
forecasting unconsolidated leverage of 6.8x for 2016 improving to
3.7x in 2018, assuming an ETE distribution cut following the
merger.

In foregoing distributions, ETE will be strengthening the credit
profile of its operating subsidiaries from which ETE receives the
majority of its cash flow. Fitch has previously indicated its
tolerance for leverage above its sensitivity of 4.5x on a sustained
basis given ETE's manageable maturity schedule, adequate liquidity
and provided the leverage pressure is only expected to be temporary
as ETP and WPZ work through their capital spending programs. Fitch
believes that the combined ETE/WPZ's standalone leverage will fall
to below 4.5x by 2018.

In the case of no merger, ETE's credit metrics are expected to be
within Fitch's 4.5x leverage sensitivity even with some Fitch
assumed support to ETP, provided there are no significant financial
penalties imposed upon ETE from any potential litigation around the
merger dissolution. In both a merger and no merger case, a rise in
ETE's leverage from temporarily forgoing distributions would not
necessarily warrant a negative rating action at ETE provided any
ETE action helps maintain the underlying subsidiary's current
credit ratings, and any resulting increase in ETE leverage beyond
Fitch's 4.5x standalone estimate is temporary. Weakening credit
profiles or negative rating actions at ETE's underlying partnership
subsidiaries could lead to a negative ratings action at ETE. Fitch
would look to maintain at least a one-to-two notch separation
between the Issuer Default Ratings (IDR) of ETE and the entities
providing the majority of the cash needed to support ETE's
structurally subordinated debt.

Fitch currently rates ETE as follows:

Energy Transfer Equity, L.P.

-- Long-Term Issuer Default Rating (IDR) 'BB';
-- Secured senior notes 'BB+';
-- Secured term loan 'BB+';
-- Secured revolving credit facility 'BB+'.

The Rating Outlook is currently Stable.


EXPERT TRANSPORTATION: July 21 Plan, Disclosures Hearing
--------------------------------------------------------
Judge Catherine Peek McEwen of the U.S. Bankruptcy Court for the
Middle District of Florida, Tampa Division, issued an order
conditionally approving the disclosure statement explaining the
bankruptcy-exit plan filed by Expert Transportation & Service,
Inc., dba Land O' Lakes Recycling, and scheduled a hearing for July
21, 2016, at 2:00 p.m., to consider confirmation of the Plan,
including timely filed objections to confirmation, objections to
the Disclosure Statement, motions for cramdown, applications for
compensation, and motions for allowance of administrative claims.

Any written objections to the Disclosure Statement must be filed
with the Court no later than seven days before the confirmation
hearing.

Expert Transportation & Service, Inc., dba Land O' Lakes Recycling,
filed a Chapter 11 Petition on December 11, 2015 (Bankr. M.D. Fla.
Case No. 15-12347), and is represented by Buddy D. Ford, Esq., and
Jonathan A Semach, Esq., at Buddy D. Ford, P.A., in Tampa, Florida.
At the time of its filing, the Debtor had $342,585 in total assets
and $1.29 million in total liabilities.  The petition was signed by
Gregory N. Conaty, president.  A list of the Debtor's 15 largest
unsecured creditors is available for free at
http://bankrupt.com/misc/flmb15-12347.pdf


FIRST VISTA: Taps James P. Grissom as Bankruptcy Counsel
--------------------------------------------------------
First Vista Investments, LLC, asks for permission from the U.S.
Bankruptcy Court for the Southern District of Texas to employ James
P. Grissom, Esq., and the Law Office of James P. Grissom as
bankruptcy counsel.

The Firm will:

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

     b. assist and advise the Debtor in its consultations relative

        to the administration of this case;

     c. assist the Debtor in analyzing the claims of the creditors

        and in negotiating with the creditors;

     d. assist the Debtor in the analysis of and negotiations with

        any third party concerning matters relating to, among
        other things, the terms of plans of reorganization;

     e. represent the Debtor at all hearings and other
        proceedings;

     f. review and analyze all applications, orders, statements of

        operations and schedules filed with the Court and advise
        the Debtor as to their propriety;

     g. assist the Debtor in preparing pleadings and applications
        as may be necessary in furtherance of the Debtor’s
        interests and objectives; and

     h. perform other legal services as may be required and are
        deemed to be in the interests of the Debtor in accordance
        with the Debtor's powers and duties as set forth in the
        Bankruptcy Code.

To the best of the Debtor's knowledge, the Firm does not have any
connections with the Debtor, its creditors, any other party in
interest, their respective attorneys and accountants, the U.S.
Trustee, or any person employed in the office of the U.S. Trustee.
The Debtor believes that the Firm is a "disinterested person" as
that term is defined in Section 101(14) of the Bankruptcy Code, as
modified by Section 1107(b) and is therefore qualified to be
employed by the Debtor pursuant to Section 327(a) of the Bankruptcy
Code.

The Firm received an initial retainer of $15,000, which was funded
on June 6, 2016.  Additional fees for legal services will be
requested from the Court on proper application supported by
invoices and estimates for future work required.

The Firm can be reached at:

        JAMES P. GRISSOM, ESQ.
        1111 Nolana Avenue, Suite "D"
        McAllen, TX 78504-3747
        Tel: (956) 994-1127
        Fax: (888) 400-6407
        E-mail: jpglawyer01@gmail.com

Headquartered in McAllen, Texas, First Vista Investments, LLC, owns
the real estate and buildings at 2301 West Hwy 83, Donna, Texas,
and has been engaged in a rehabilitaion and renovation on the
project since 2012 to convert the buildings and grounds into an
adult assisted living project.  It filed for Chapter 11 bankruptcy
protection (Bankr. S.D. Tex. Case No. 16-70247) on June 7, 2016,
listing $7 million in total assets and $3.31 million in total
liabilities.  The petition was signed by Mario Daniel Flores,
authorized representative.

Judge Eduardo V Rodriguez presides over the case.  

James Patrick Grissom, Esq., who has an office in McAllen, Texas,
serves as the Debtor's counsel.


FIRST VISTA: Taps James P. Grissom as Legal Counsel
---------------------------------------------------
First Vista Investments, LLC seeks approval from the U.S.
Bankruptcy Court for the Southern District of Texas to hire the Law
Office of James P. Grissom as its legal counsel.

The Debtor tapped the firm to provide these services in connection
with its Chapter 11 case:

     (a) advise the Debtor with respect to its rights, duties and
         powers in the bankruptcy case;

     (b) assist the Debtor in its consultations relative to the
         administration of the case;

     (c) assist the Debtor in analyzing the claims of and in
         negotiating with creditors;

     (d) assist the Debtor in the analysis of and negotiations
         with any third party concerning matters relating to,
         among other things, the terms of plans of reorganization;

     (e) represent the Debtor at all hearings and other
         proceedings;

     (f) review and analyze all applications, orders, statements
         of operations and schedules filed with the court and
         advise the Debtor as to their propriety; and

     (g) assist the Debtor in preparing pleadings and
         applications.

The firm received an initial retainer of $15,000, which was funded
on June 6, according to court filings.

James P. Grissom, Esq., disclosed in a court filing that the firm
is a "disinterested person" as defined in section 101(14) of the
Bankruptcy Code.

The firm can be reached through:

     James P. Grissom
     Law Office of James P. Grissom
     1111 Nolana Avenue, Suite "D"
     McAllen, TX 78504-3747
     Tel: (956) 994-1127
     Fax: (888) 400-6407
     Email: jpglawyer01@gmail.com

                        About First Vista

First Vista Investments, LLC sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. S.D. Tex. Case No. 16-70247) on June 7,
2016.  The petition was signed by Mario Daniel Flores, authorized
representative.  

The case is assigned to Judge Eduardo V. Rodriguez.

At the time of the filing, the Debtor disclosed $7 million in total
assets and $3.31 million in total liabilities.


FPMI SOLUTIONS: Hires Yumkas Vidmar as Bankruptcy Counsel
---------------------------------------------------------
FPMI Solutions, Inc., seeks permission from the U.S. Bankruptcy
Court for the Eastern District of Virginia to employ Yumkas,
Vidmar, Sweeney & Mulrenin, LLC, as bankruptcy counsel.

YVSM will provide these services, among other things:

     (a) advising the Debtor of its rights, powers and duties as a
         debtor and debtor-in-possession;

     (b) advising the Debtor concerning, and assisting in the
         negotiation and documentation of, financing agreements,
         debt restructurings, cash collateral arrangements and
         related transactions;

     (c) representing the Debtor in defense of any proceedings
         instituted to reclaim property or to obtain relief from
         the automatic stay under Section 362(a) of the Bankruptcy

         Code;

     (d) representing the Debtor in any proceedings instituted
         with respect to certain Debtor's use of cash collateral;

     (e) reviewing the nature and validity of liens asserted
         against the property of the Debtor and advising the
         Debtor concerning the enforceability of liens;

     (f) advising the Debtor concerning the actions that it might
         take to collect and to recover property for the benefit
         of the Debtor's estate;

     (g) preparing on behalf of the Debtor all necessary and
         appropriate applications, motions, pleadings, draft       
  
         orders, notices, schedules and other documents, and
         reviewing all financial and other reports to be filed in
         this Chapter 11 case;

     (h) advising the Debtor concerning, and preparing responses
         to, applications, motions, pleadings, notices and other
         papers that may be filed and served in this Chapter 11
         case;

     (i) counseling the Debtor in connection with the formulation,
         negotiation and promulgation of a plan of reorganization
         or liquidation and related documents; and

     (j) performing all other legal services it is qualified to
         handle for and on behalf of the Debtor that may be
         necessary or appropriate in the administration of this
         Chapter 11 case, including advising and assisting the
         Debtor with respect to debt restructurings, claims
         analysis and disputes, legal advice with respect to
         general corporate, bankruptcy, and finance, and matters
         and litigation other than for discrete matters for which
         special counsel may be retained.

YVSM will be paid at these hourly rates:

         Paul Sweeney, Esq.             $420
         Members                      $295-$450
         Associates                   $235-$275
         Paralegals                   $115-$175

Within one year prior to the Petition Date, YVS was paid $24,211.50
for prepetition services and expenses rendered to the Debtor.  YVSM
also received $1,717 that was used to pay the fee to initiate this
bankruptcy case.  The source of these payments was the Debtor.
YVSM presently holds the balance of $19,784.26 as a retainer toward
the services to be rendered and expenses to be incurred during the
pendency of this Chapter 11 case in order to secure the
representation of YVSM.  The retainer will not be considered to be
payment of fees, but rather a deposit to partially secure payment
of Court approved fees.

Paul Sweeney, Esq., a member at YVSM, assures the Court that
neither he nor any member or associate of YVSM represents any known
interest adverse to the Debtor or to the Debtor's estate in the
matters upon which the firm is to be engaged.  YVSM is a
disinterested person under Section 101(14) of the Bankruptcy Code,
and is, therefore, qualified to serve as the Debtor's counsel
pursuant to Section 327 of the Bankruptcy Code.

YVSM can be reached at:

         James A. Vidmar, Esq.
         Paul Sweeney, Esq.
         Yumkas, Vidmar, Sweeney & Mulrenin
         10211 Wincopin Circle, Suite 500
         Columbia, Maryland 21044
         E-mail: jvidmar@yvslaw.com
                 psweeney@yvslaw.com

Headquartered in Alexandria, Virginia, FPMI Solutions, Inc., filed
for Chapter 11 bankruptcy protection (Bankr. E.D. Va. Case No.
16-12142) on June 20, 2016, estimating its assets and liabilities
at between $1 million and $10 million each.  The petition was
signed by R. Mark McLindon, chief executive officer.

Judge Robert G. Mayer presides over the case.

Paul Sweeney, Esq., at Ymkas, Vidmar, Sweeney & Mulrenin, LLC,
serves as the Debtor's bankruptcy counsel.


FRAC SPECIALISTS: Taps Kruse Energy to Market Surplus Assets
------------------------------------------------------------
Frac Specialists, LLC and its affiliates seek approval from the
U.S. Bankruptcy Court for the Northern District of Texas to hire
Kruse Energy & Equipment LLC.

The Debtor tapped the firm in connection with the sale of its
surplus vehicles and equipment.

The Debtors will provide the firm with a fee in the amount of
$5,000 to be used for advertising and promotions.  In addition, the
firm will receive a commission, which is 8% of the gross sales
price of each asset sold, and reimbursement of work-related
expenses.

Steve Taylor, regional sales manager for Kruse, disclosed in a
court filing that the firm is a "disinterested person" as defined
in section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Steve Taylor
     Kruse Energy & Equipment LLC
     11611 CR 128 West
     Odessa, TX 79765

                      About Frac Specialists

Frac Specialists, LLC, Cement Specialists, LLC, and Acid
Specialists, LLC, are oilfield service providers serving the
exploration and production industry within the Permian Basin.
Noble Natural Resources, LLC, Javier Urias and Alex Hinojos
collectively own 100% of the membership interests in the
Companies.

The Companies sought Chapter 11 bankruptcy protection (Bankr. N.D.
Tex. Lead Case No. 15-41974), on May 17, 2015.  Larry P. Noble
signed the petitions as manager.  

On May 27, 2015, the Court directed the joint administration of the
cases.  The Debtors disclosed $61,675,313 in assets and $57,982,488
in liabilities.

Judge Michael Lynn presides over the cases.  The Debtors tapped
Lynda L. Lankford, Esq., and Jeff P. Prostok, Esq., at Forshey &
Prostok, LLP, as their counsel.  The Debtors hired CBRE, Inc. as
their real estate appraiser.

The U.S. Trustee appointed five creditors to serve on an official
committee of unsecured creditors.  The Committee is represented by
Mark E. Andrews, Esq., and Aaron M. Kaufman, Esq., at Dykema Cox
Smith.


GARRETSON'S MACHINE: Plan Confirmation Hearing Set for July 6
-------------------------------------------------------------
The Hon. Frank W. Volk granted conditional approval to the Amended
Disclosure Statement explaining the Debtor's Chapter 11 Plan dated
May 31, 2016.

Judge Volk set July 5, 2016, as the deadline for filing written
objections to the Disclosure Statement or written objections to
confirmation of the Chapter 11 Plan, and for casting votes on the
Plan.

A hearing shall be held at 1:30 p.m on July 6, 2016, in Bankruptcy
Courtroom A, 6400 Robert C. Byrd United States Courthouse, 300
Virginia Street East, Charleston, West Virginia, to consider and
act upon:  

  a. Final approval of the Amended Disclosure Statement and any
objection thereto timely filed with the Court; and  

  b. Confirmation of the Amended Chapter 11 Plan and any objection
thereto timely filed with the Court.  

As reported by the Troubled Company Reporter on June 7, 2016,
Garretson's Machine and Fabrication, Inc., filed with the U.S.
Bankruptcy Court for the Southern District of West Virginia an
amended disclosure statement describing a plan of reorganization
that proposes to pay a dividend of 100% to general unsecured
creditors based upon 20 quarterly payments, without interest, of
$1,802 per quarter.

Claims in this class total the sum of $36,042, including the
unsecured claim of the Internal Revenue Service in the amount of
$10,698.

A full-text copy of the Disclosure Statement dated May 31, 2016,
is
available at http://bankrupt.com/misc/GARRETSONSds0531.pdf

Garretson's Machine and Fabrication, Inc. (Bankr. S.D.W.Va., Case
No.: 15-20233) filed a Chapter 11 Petition on April 28, 2015.  The
case is assigned to Judge Ronald G. Pearson.  The Debtor's counsel
is Joseph W. Caldwell, Esq., at Caldwell & Riffee, in Charleston,
West Virginia.  The estimated assets range from $1 million to $10
million and estimated liabilities range from $500,000 to $1
million.  The petition was signed by Keith G. Garretson, Jr.,
president.


GAWKER MEDIA: Taps Opportune's William Holden as CRO
----------------------------------------------------
Gawker Media LLC, et al., seek authorization from the U.S.
Bankruptcy Court for the Southern District of New York to employ
Opportune LLP to provide a chief restructuring officer and certain
additional personnel for the Debtors, and designate William D.
Holden as chief restructuring officer for the Debtors, nunc pro
tunc to the petition date.

A hearing on the request is set for July 7, 2016, at 2:00 p.m.
(prevailing Eastern Time).  Objections must be filed by July 1,
2016, at 5:00 p.m. (prevailing Eastern Time).

Mr. Holden will serve as the Debtors' CRO and Opportune will assign
additional personnel to perform other related services as needed.
The CRO primarily will perform the functions relating to
coordination, communication, negotiation, cash flow projections,
the business plan, the sale process, and contingency planning.  The
CRO will act in other areas as he may identify and will be
authorized to make decisions related to efforts, as he and
Opportune deem necessary or appropriate in a manner consistent with
the business judgment rule and the provisions of local law and the
Bankruptcy Code applicable to the obligations of persons acting on
behalf of corporations, subject to the direction, control, and
guidance of the Debtors' boards of directors or equivalent.  The
CRO will consult with the Debtors' board of directors or equivalent
with respect to any proposed changes in the scope of CRO services.

Since May 2016, Opportune has provided these services, among
others, to the Debtors in connection with their restructuring
efforts:

     a. managing the financial and operational reporting processes

        to internal and external constituents;

     b. developing tools to manage and monitor immediate and
        short-term liquidity;

     c. providing oversight and approval of expenditures and cash
        payments;

     d. coordination and management of potential sales of the
        Debtors' assets;

     e. preparing quantitative and qualitative support for all
        first day motions; and

     f. conducting negotiations with respect to potential Debtor-
        in-Possession financing.

Opportune will be paid at these hourly rates:

        Partners                       $800
        Managing Directors/CRO         $665
        Directors                      $500
        Managers/Sr. Consultants       $400
        Consultants                    $300

Opportune received a prepetition retainer of $200,000 under the
initial engagement letter.  Prior to the Petition Date, Opportune
periodically drew down on the retainer to cover prepetition fees
and expenses incurred and then invoiced the Debtors to replenish
the Retainer.  In the 90 days prior to the Petition Date, Opportune
received retainers and payments totaling $444,497.50 in the
aggregate for services performed for the Debtors.  

Opportune's final periodic invoice of $92,365.58 for services
performed prior to the Petition Date was drawn down on the
retainer.  The remaining outstanding retainer is $107,634.42.  This
retainer will not be segregated by Opportune into a separate
account and will be held until the end of these Chapter 11 cases
and applied to Opportune's finally approved fees in these
proceedings.

Opportune will file with the Court, and provide notice to the U.S.
Trustee and counsel to any official committee of unsecured
creditors appointed in the Chapter 11 cases, reports of
compensation earned and expenses incurred on a monthly basis.  The
reports will contain summary charts that describe the time incurred
and services provided, identify the compensation earned by each of
the engagement personnel and itemize the expenses incurred.
Opportune will not be required to maintain time records but will
instead include a summary of the total hours worked by individual
timekeeper.  All compensation will be subject to review by the
Court in the event an objection is filed.  The compensation
provided for in the engagement letter will constitute full payment
for the services to be rendered by Opportune and the engagement
personnel to the Debtors under the engagement letter.

Opportune also will file with the Court, with notice to the U.S.
Trustee and counsel to any official committee of unsecured
creditors appointed in the Chapter 11 Cases, a report of staffing
on the engagement for the previous month.  The reports will include
the names and functions filled of the engagement personnel.  The
notice will provide a time period for objections.  All compensation
and staffing will be subject to review by the Court in the event an
objection is filed.

William D. Holden, managing director with Opportune, assures the
Court that the firm is a disinterested person as that term is
defined in Section 101(14) of the Bankruptcy Code, as modified by
Section 1107(b), in that Opportune, its professionals and
employees: (i) are not creditors, equity security holders, or
insiders of the Debtors; (ii) were not, within two years before the
Petition Date, a director, officer, or employee of the Debtors; and
(iii) do not have an interest materially adverse
to the interest of any of the Debtors' estates or of any class of
creditors or equity security holders.

Mr. Holden has ascertained after due inquiry that, upon information
and belief, neither him, Opportune, nor any employee of Opportune
who will work on this engagement:

     a. is a creditor of the Debtors (including by reason of
        unpaid fees for prepetition services), an equity security
        holder of the Debtors, or an insider of the Debtors, as
        that term is defined in Section 101(31) of the Bankruptcy
        Code;

     b. is, or has been, within 2 years before the Petition Date,
        a director, officer, or employee of the Debtors; or

     c. has an interest materially adverse to the interests of the

        Debtors' estate, or of any class of creditors or equity
        security holders, by reason of any direct or indirect
        relationship to, connection with, or interest in, the
        Debtors, or for any other reason.

Opportune can be reached at:

        William D. Holden
        Opportune LLP
        340 Madison Avenue, 19th Floor
        New York City, New York 10173
        Tel: (212) 220-9466
        Fax: (212) 220-9504
        E-mail: wholden@opportune.com

                        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.


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

      Debtor                                       Case No.   
      ------                                       --------
      General Products Corporation                 16-49267
      14137 Farmington Rd
      Livonia, MI 48154

      General Products Mexico, LLC                 16-49269
      14137 Farmington Rd
      Livonia, MI 48154

Type of Business: GPC is a full service supplier of highly
                  engineered, complex and precision machine
                  components and assemblies to the American
                  automotive and heavy-duty truck markets.

Chapter 11 Petition Date: June 27, 2016

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

Judge: Hon. Thomas J. Tucker (16-49267)
       Hon. Walter Shapero (16-49269)

Debtors' Counsel: Rachel L. Hillegonds, Esq.
                  John T. Piggins, Esq.
                  MILLER JOHNSON
                  45 Ottawa Ave. SW, Suite 1100
                  P.O. Box 306
                  Grand Rapids, MI 49501-0306
                  Tel: 616-831-1711
                  E-mail: hillegondsr@millerjohnson.com
                          pigginsj@millerjohnson.com

                                        Estimated    Estimated
                                         Assets     Liabilities
                                       ----------   -----------
General Products Corporation          $10MM-$50MM   $10MM-$50MM
General Products Mexico               $0-$50,000    $10MM-$50MM

The petition was signed by Andrew Masullo, president and chief
executive officer.

List of GPC's 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
AAlied Die Casting of Illinois       Trade Debt          $523,762
Lock Box 75063
Chicago, IL
Tel: 60675-5063
Vern Reizman, CFO
vreizman@rcmindustries.com

Basic Aluminum Casting Company       Trade Debt          $305,460
1325 East 168th Street
Cleveland, OH 44110
Tim Byrne, President
TByrne@BasicAluminum.com
Tel: (216) 481-5606

Blue Cross Blue Shield of Mich       Insurance           $130,753
MWilliams5@BCBS.com

Bremen Castings Inc.                 Trade Debt          $146,962
cseanor@bcimail.com

Centennial Coatings, LLC             Trade Debt           $71,182
pmacvane@centcoat.com

Chemetall US Inc.                    Trade Debt          $162,765
dianne.ranieri@chemetall.com

Dct San Luis Potosi 1 LLC         Guaranty of Lease      $329,492
Mexico

ECF International                    Trade Debt           $84,601
MPayne@ECF-Inc.com

Elwood Staffing  Services, Inc.       Staffing           $188,948
Jennifer.Nelson@elwoodstaffing.com

EPICORP Software                     Trade Debt           $50,438
JJasper@epicor.com

General Aluminum Mfg.com             Trade Debt          $284,628
6065 Parkland Blvd
Cleveland, OH 44124
ktwining@generalaluminum.com

General Products Corp Retiree        Withdrawal        $1,008,446
Medical PL                           Liability
Findley Davies, Inc.
1300 East 9th Street
Suite 850
Cleveland, OH 44114
BEve@Findleydavies.com

General Products                    Underfunding       $3,970,421
Corporation Hourly Rate
Employees
Pension Plan
Alberto Boccardo, Bank of
America-Merri
Albert.boccardo@BAML.com
Tel: (609) 574-1320

Great Lakes Die Cast Corp.           Trade Debt         $188,893
JPodbielski@gldiecast.com

Haggard & Stocking Assoc.            Trade Debt         $270,224
P.O. Box 712987
Cincinnati, OH
45271-2987
Herb Haggard, President
haggard@haggard-stocking.com
Tel: (317) 788-4661-290

McCord Payen de                        Trade Debt        $69,020
Mexico S de Ri de CV
cfsmexicoar@federalmogul.com

Metal Technologies, Inc.               Trade Debt       $433,233
3386 Solutions Center
Chicago, IL
60677-3003
Matthew Fetter
President, COO
mfetter@metal-technologies.com
Tel: (260) 920-2116

Powerhold                              Trade Debt        $66,367
CSpooner@powerholdinc.com

TEKsystems, Inc.                       Trade Debt        $56,018
sweston@teksystems.com

The Pic Group                          Trade Debt        $50,132
michelle.stacey@thepicgroup.com


GENERAL PRODUCTS: Files for Chapter 11, Seeks Sale to IOP
---------------------------------------------------------
Unable to recover from the 2008 to 2010 recession, General Products
Corporation and its subsidiary General Products Mexico, LLC, sought
Chapter 11 bankruptcy protection to facilitate debt restructuring
through one or more sales of their business assets.

GPC has been forced to seek a buyer or liquidate due to a declining
demand for product from existing customers and increased capital
requirements needed to replace and grow its business.  GPC said it
has been faced with insufficient cash flow to continue paying
secured debt and vendor obligations on a timely bases.

In its petition, GPC estimates assets and liabilities in the range
of $10 million to $50 million.  GPC estimates that, in the
aggregate, it has approximately 1,500 creditors, including active
and retired employees.  GPC has senior secured debt owed to MB
Financial Bank, f/k/a Cole Taylor Bank, in the amount of
approximately $12.5 million and unsecured trade debt of
approximately $4.8 million.  In addition, GPC is obligated to
Norwest Mezzanine Partners, its majority owner, in the amount of
$14.8 million on an unsecured basis.  

GPC estimates that as of Dec. 31, 2015, its union pension plan is
underfunded in the amount of $3,970,421 and that it is obligated to
fund health care for its retired non-union employees.  Based on
actuarial schedules, as of Dec. 31, 2015, the healthcare obligation
is estimated to be $1,008,446.

"GPC emerged from the 2008-2010 recession with a working capital
deficit and a high debt to equity ratio.  Despite continued capital
investment, revenues failed to grow and the business never returned
to profitability," Andrew D. Masullo, president and chief executive
officer of GPC, said.

The Company started experiencing a decline in revenue in 2009 due
to a significant decline in auto and heavy truck sales.

In late 2015, GPC and its management team began evaluating a number
of options to respond to their operational and liquidity issues.
To this end, GPC engaged Ron Miller of Blue Water Partners, LLC as
financial advisor to evaluate its business and to propose potential
strategies, including but not limited to, the raising of additional
capital, a sale of some or all assets, or a restructuring
transaction.

As a result of its marketing efforts, GPC obtained an offer from
Industrial Opportunity Partners, for the purchase of certain of its
assets.  Pursuant to an Asset Purchase Agreement signed by the
parties prior to the Petition Date, IOP would to continue operating
and serving GPC's customers in the automotive and heavy-duty truck
industry.  As part of the purchase, IOP will assume a significant
portion of GPC's supplier obligations.  IOP is not an affiliate of
GPC and neither it nor any of its owners are related to or hold
claims against GPC.

"GPC strongly believes that the specialized products it provides to
its customers and its niche in the auto and heavy duty truck
industry means it can be a viable player in the industry going
forward.  In consultation with its advisors, GPC decided upon a
Chapter 11 bankruptcy and sales process to effect a balance sheet
restructuring that would provide the business with the best chance
for greater success and prosperity," Mr. Masullo maintained.

In order to ensure a marketing process that generates the maximum
value for its assets, Blue Water will continue to assist in the
marketing and sale of the company after the bankruptcy filing.

To minimize the adverse effects of the commencement of their
Chapter 11 cases on their business and employees, GPC filed several
first day motions seeking authority to, among other things, use
cash collateral, incur post-petition debt, pay employee
obligations, use existing cash management system, prohibit utility
providers from discontinuing services and pay taxes.

Headquartered in Livonia, Michigan, GPC is a full service supplier
of machine components to the American automotive and heavy-duty
truck markets.  GPC owns 100% of the membership interests in GPM.
GPM has no operations or employees.

To Debtors are seeking joint administration of their cases under
the case of GPC, Case No. 16-49267.  Judge Thomas J. Tucker is
assigned to GPC's Chapter 11 case.

Miller Johnson represents the Debtors as counsel.


GONZALEZ GROUP: Hires Martin L. Rogalski as Attorney
----------------------------------------------------
Gonzalez Group Jonesville, LLC, asks for authorization from the
Hon. John T. Gregg of the U.S. Bankruptcy Court for the Western
District of Michigan to employ Martin L. Rogalski P.C. as
attorney.

Mr. Rogalski will:

     a. represent the Debtor in this Chapter 11 case and to advise

        the Debtor as to its rights, duties and powers as a
        debtor-in-possession;

     b. prepare and file all necessary statements, schedules, and
        other documents and to negotiate and prepare one or more
        plans of reorganization for the Debtor;

     c. represent the Debtor at all hearings, meetings of
        creditors, conferences, trials and other proceedings in
        this case; and

     d. perform other legal services as may be necessary in
        connection with this case.

Mr. Rogalski will be paid $295 per hour for his services, and $100
per hour for the paralegal's services.  

Mr. Rogalski will be paid a non-refundable minimum attorney fee of
$3,000.  The Debtor will also pay monthly payment of $1,000
directly to the attorney to be held in trust toward any additional
approved fees.

Mr. Rogalski assures the Court that he has no connection whatsoever
with the U.S. Trustee, the Debtor, its attorneys, the creditors of
this estate or with any other party-in-interest known to him or
with their respective attorneys or accountants.

Mr. Rogalski can be reached at:

        Martin L. Rogalski, Esq.
        Martin L. Rogalski, P.C.
        1881 Georgetown Center Drive
        Jenison, MI 49428
        Tel: (616) 457-4410
        Fax: (616) 457-6944
        E-mail: mlr@mrogalski.com

Auto parts manufacturer Gonzalez Group Jonesville, LLC --
http://www.gonzalezmfg.com/-- filed a chapter 11 petition (Bankr.

W.D. Mich. Case No. 16-03083) on June 6, 2016, and is represented
by Kerry Hettinger, Esq., in Kalamazoo, Mich.  Brian R. Trumbauer,
Esq., at Bodman PLC, represents Comerica Bank.

Gonzalez Group on May 3, 2016, notified the Workforce Development
Agency, Michigan, that the Company would end operations and
permanently close its facility located at 935 Anderson Road,
Litchfield, MI 49252.  The Company laid off all of the workers at
the Litchfield facility.


GONZALEZ GROUP: Taps Kerry Hettinger as Bankruptcy Counsel
----------------------------------------------------------
Gonzalez Group Jonesville, LLC, asks for authorization from the
Hon. John T. Gregg of the U.S. Bankruptcy Court for the Western
District of Michigan to employ Kerry Hettinger, Esq., at Kerry
Hettinger, PLC, as bankruptcy counsel.

The Firm will:

     a. represent the Debtor in the Chapter 11 case and to advise
        the Debtor as to its rights, duties and powers as a
        debtor-in-possession;

     b. prepare and file all necessary statements, schedules, and
        other documents and to negotiate and prepare one or more
        plans of reorganization for the Debtor;

     c. represent the Debtor at all hearings, meetings of
        creditors, conferences, trials and other proceedings in
        this case; and

     d. perform other legal services as may be necessary in
        connection with this case.

The Firm will be paid at these hourly rates:

     a. $250 for time spent by attorney working on client's file
        and appearing in court; and

     b. $90 for paralegal time spent by paralegals employed by the

        attorney.

The Debtor agrees to pay the attorney a retainer of $4,000 for
services performed or to be performed under this contract ($2,283
attorney fees and $1,717 filing fee).  The attorney will bill the
client from time to time for services performed and expenses
incurred under this contract.  The Debtor will promptly pay bills
from its general funds, except that if a bankruptcy case is filed,
the bills will not be paid unless allowed by the Bankruptcy Court.
The Debtor also agrees to pay monthly payments of $1,000 directly
to attorney to be held in trust.

Mr. Hettinger assure the Court that he has no connection whatsoever
with the U.S. Trustee, the Debtor, its attorneys, the creditors of
this estate or with any other party-in-interest known to him or
with their respective attorneys or accountants.

The Firm can be reached at:

        Kerry D. Hettinger, Esq.
        Kerry Hettinger, PLC
        4341 South Westnedge Avenue, Suite 1202
        Kalamazoo, Michigan 49008
        Tel: (269) 344-0700
             (269) 459-6100
        Fax: (269) 459-6111

Auto parts manufacturer Gonzalez Group Jonesville, LLC --
http://www.gonzalezmfg.com/-- filed a chapter 11 petition (Bankr.

W.D. Mich. Case No. 16-03083) on June 6, 2016, and is represented
by Kerry Hettinger, Esq., in Kalamazoo, Mich.  Brian R. Trumbauer,
Esq., at Bodman PLC, represents Comerica Bank.

Gonzalez Group on May 3, 2016, notified the Workforce Development
Agency, Michigan, that the Company would end operations and
permanently close its facility located at 935 Anderson Road,
Litchfield, MI 49252.  The Company laid off all of the workers at
the Litchfield facility.


GONZALEZ HOLDINGS: Hires Kerry Hettinger as Bankruptcy Counsel
--------------------------------------------------------------
Gonzalez Holdings, LLC, asks for authorization from the Hon. John
T. Gregg of the U.S. Bankruptcy Court for the Western District of
Michigan to employ Kerry Hettinger, Esq., at Kerry Hettinger, PLC,
as bankruptcy counsel.

The Firm will:

     a. represent the Debtor in the Chapter 11 case and to advise
        the Debtor as to its rights, duties and powers as a
        debtor-in-possession;

     b. prepare and file all necessary statements, schedules, and
        other documents and to negotiate and prepare one or more
        plans of reorganization for the Debtor;

     c. represent the Debtor at all hearings, meetings of
        creditors, conferences, trials and other proceedings in
        this case; and

     d. perform other legal services as may be necessary in
        connection with this case.

The Firm will be paid at these hourly rates:

     a. $250 for time spent by attorney working on client's file
        and appearing in court; and

     b. $90 for paralegal time spent by paralegals employed by the

        attorney.

The Debtor agrees to pay the attorney a retainer of $4,000 for
services performed or to be performed under this contract ($2,283
attorney fees and $1,717 filing fee).  The attorney will bill the
client from time to time for services performed and expenses
incurred under this contract.  The Debtor will promptly pay bills
from its general funds, except that if a bankruptcy case is filed,
the bills will not be paid unless allowed by the Bankruptcy Court.
The Debtor also agrees to pay monthly payments of $1,000 directly
to attorney to be held in trust.

Mr. Hettinger assures the Court that he has no connection
whatsoever with the U.S. Trustee, the Debtor, its attorneys, the
creditors of this estate or with any other party-in-interest known
to him or with their respective attorneys or accountants.

The Firm can be reached at:

        Kerry D. Hettinger, Esq.
        Kerry Hettinger, PLC
        4341 South Westnedge Avenue, Suite 1202
        Kalamazoo, Michigan 49008
        Tel: (269) 344-0700
             (269) 459-6100
        Fax: (269) 459-6111

Headquartered in Litchfield, Michigan, Gonzalez Holdings, LLC,
filed for Chapter 11 bankruptcy protection (Bankr. W.D. Mich. Case
No. 16-03081) on June 6, 2016, listing $6 million in total assets
and $6.38 million in total liabilities.  The petition was signed by
Felix G. Gonzalez, II, president.

Judge John T. Gregg presides over the case.

Kerry D. Hettinger, Esq., at Kerry Hettinger, PLC, serves as the
Debtor's bankruptcy counsel.


GONZALEZ HOLDINGS: Taps Martin L. Rogalski P.C. as Attorney
-----------------------------------------------------------
Gonzalez Holdings, LLC, asks for authorization from the Hon. John
T. Gregg of the U.S. Bankruptcy Court for the Western District of
Michigan to employ Martin L. Rogalski P.C. as attorney.

Mr. Rogalski will:

     a. represent the Debtor in this Chapter 11 case and to advise

        the Debtor as to its rights, duties and powers as a
        debtor-in-possession;

     b. prepare and file all necessary statements, schedules, and
        other documents and to negotiate and prepare one or more
        plans of reorganization for the Debtor;

     c. represent the Debtor at all hearings, meetings of
        creditors, conferences, trials and other proceedings in
        this case; and

     d. perform other legal services as may be necessary in
        connection with this case.

Mr. Rogalski will be paid $295 per hour for his services, and $100
per hour for the paralegal's services.  

Mr. Rogalski will be paid a non-refundable minimum attorney fee of
$3,000.  The Debtor will also pay monthly payment of $1,000
directly to the attorney to be held in trust toward any additional
approved fees.

Mr. Rogalski assures the Court that he has no connection whatsoever
with the U.S. Trustee, the Debtor, its attorneys, the creditors of
this estate or with any other party-in-interest known to him or
with their respective attorneys or accountants.

Mr. Rogalski can be reached at:

        Martin L. Rogalski, Esq.
        Martin L. Rogalski, P.C.
        1881 Georgetown Center Drive
        Jenison, MI 49428
        Tel: (616) 457-4410
        Fax: (616) 457-6944
        E-mail: mlr@mrogalski.com

Headquartered in Litchfield, Michigan, Gonzalez Holdings, LLC,
filed for Chapter 11 bankruptcy protection (Bankr. W.D. Mich. Case
No. 16-03081) on June 6, 2016, listing $6 million in total assets
and $6.38 million in total liabilities.  The petition was signed by
Felix G. Gonzalez, II, president.

Judge John T. Gregg presides over the case.

Kerry D. Hettinger, Esq., at Kerry Hettinger, PLC, serves as the
Debtor's bankruptcy counsel.


HECLA MINING: S&P Revises Outlook to Pos. & Affirms 'B-' CCR
------------------------------------------------------------
S&P Global Ratings said it revised its rating outlook on Coeur
d'Alene, Idaho-based silver and gold producer Hecla Mining Co. to
positive from stable.  S&P also affirmed its 'B-' corporate credit
rating on the company.

At the same time, S&P affirmed its 'B-' issue-level rating on the
company's senior unsecured notes.  S&P's recovery rating on the
senior unsecured debt remains '4', indicating its expectation of
average (30%-50%; upper half of the range) recovery in the event of
a payment default.

"The positive outlook reflects the increased likelihood that
Hecla's operating performance will exceed our expectations over the
next year if silver and gold prices are sustained at levels above
our metals price assumptions, such that adjusted leverage remains
below 5x and FFO to debt above 12% on a sustained basis," said S&P
Global Ratings credit analyst Ryan Gilmore.

S&P would consider an upgrade if the company maintains credit
measures near current levels, including debt to EBITDA of less than
5x and FFO to debt more than 12%.  S&P would also consider an
upgrade if the company enhances the business to a level it feels is
commensurate with a weak business risk profile assessment.  This
could occur if current expansion and production targets are
continually achieved or if the company enhanced its geographic or
operating diversity.

S&P would consider revising the outlook to stable within the next
year if silver and gold prices declined from current levels, such
that S&P expected adjusted leverage to remain above 5x over the
next 12 months.  Although unlikely over the next year, S&P would
consider a downgrade if it no longer deemed liquidity to be
adequate, possibly as a result of a sharp decline in silver and
gold prices coupled with ongoing high levels of capital spending,
or limited access to the company's revolving credit facility.  A
negative rating action could also occur if EBITDA interest coverage
were sustained below 1x, which could occur if metals prices
declined significantly and 2016 EBITDA fell below
$60 million, all else being equal.


HERCULES OFFSHORE: Taps FTI Consulting as Financial Advisor
-----------------------------------------------------------
Hercules Offshore Inc. and its affiliates seek approval from the
U.S. Bankruptcy Court for the District of Delaware to hire FTI
Consulting, Inc. as their financial advisor.

The Debtors tapped the firm to provide these services:

     (a) assist the Debtors and their counsel in preparing
         required motions through the course of their bankruptcy
         cases;

     (b) assist the Debtors in preparing monthly operating reports

         and all other required reporting to the court, and in
         gathering information requested by the U.S. trustee;

     (c) prepare the statements of financial affairs and schedules
   
         (to the extent required);

     (d) assist the Debtors in detailed analysis of plans for
         restructuring, sale of assets, wind-down of operations
         and the transition of operations to purchasers, and
         assist in implementing such plans;

     (e) assist the Debtors' counsel in drafting all plan-related
         documents;

     (f) assist in negotiating the cash collateral order and in
         complying with the cash collateral order;

     (g) assist in cash management and cash reporting for a
         Chapter 11 process as required by creditors and the
         court;

     (h) advise on communications plans, externally and
         internally, for, among others, employees, suppliers, and
         customers;

     (i) assist the Debtors and their counsel in the analysis of
         claims;

     (j) respond to and assist the Debtors in responding to all
         creditor groups throughout the restructuring process;

     (k) assist the Debtors in business dealings and negotiations
         with vendors, suppliers and contract counterparties; and

     (l) provide testimony and other litigation support.

The customary hourly rates charged by FTI professionals anticipated
to be assigned to the cases are:

     U.S. Personnel                     Hourly Rate
     --------------                     -----------
     Senior Managing Directors          $650 - $995
     Managing Directors/Senior
        Directors/Directors             $450 - $815
     Senior Consultants/Consultants     $250 - $595
     Administrative/Paraprofessionals   $125 - $260

FTI's usual rates for its International divisions' and
subsidiaries' employees in countries other than the U.S. will
apply, according to court filings.

Aside from professional fees, the firm will also receive
reimbursement for work-related expenses and will be entitled to
indemnification.

David Rush, senior managing director of FTI, disclosed in a court
filing that the firm is a "disinterested person" as defined in
section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     David Rush
     FTI Consulting, Inc.
     Three Times Square, 10th Floor
     New York, NY 10036
     Office: 212-841-9369
     Mobile: 917-375-5479
     E-mail: steven.simms@fticonsulting.com

                      About Hercules Offshore

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

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

The Debtors listed total assets of $1.06 billion and total debts of
$521.37 million as of March 31, 2016.
  
The Debtors have hired Akin Gump Srauss Hauer & Feld LLP as general
bankruptcy counsel and Morris, Nichols, Arsht & Tunnell LLP as
co-counsel.


HERCULES OFFSHORE: Taps PJT Partners as Investment Banker
---------------------------------------------------------
Hercules Offshore Inc. and its affiliates seek approval from the
U.S. Bankruptcy Court for the District of Delaware to hire PJT
Partners LP as their investment banker.

The firm is expected to render these services:

     (a) assisting in the evaluation of the Debtors' businesses
         and prospects;

     (b) assisting in the development of financial data and
         presentations to the Debtors' Board of Directors, various

         creditors and other third parties;

     (c) analyzing the Debtors' financial liquidity and evaluating

         alternatives to improve such liquidity;

     (d) analyzing various restructuring scenarios and the
         potential impact of these scenarios on the recoveries of
         those stakeholders impacted by a transaction or          
         restructuring;

     (e) providing strategic advice with regard to restructuring
         or refinancing the Debtors' obligations;

     (f) participating in negotiations among the Debtors and their

         creditors, suppliers, lessors and other parties;

     (g) advising the Debtors regarding negotiations with lenders;

     (h) providing expert witness testimony concerning any of the
         subjects encompassed by the services provided by PJT;

     (i) assisting the Debtors in preparing marketing materials in

         conjunction with a possible transaction;

     (j) assisting the Debtors in identifying potential buyers or
         parties to a transaction, and assisting in the due
         diligence process;

     (k) valuing securities and other consideration offered to the

         Debtors or their stakeholders in connection with a
         transaction; and

     (l) assisting and advising the Debtors concerning the terms,  
      
         conditions and impact of any proposed transaction.

PJT will be compensated for its services under this fee structure:

     (a) The Debtors will pay PJT a monthly advisory fee of
         $125,000 in cash during the engagment.  Fifty percent of
         the first three monthly fees and 100% of each monthly fee

         thereafter paid under the engagement letter are
         creditable against the "restructuring fee" or       
         "transaction fee;" plus

     (b) The Debtors will pay PJT an additional fee equal to $3.75

         million.  The restructuring fee will be earned upon the
         consummation of the restructuring.  A restructuring is
         deemed to have been consummated upon the confirmation and

         consummation of a plan of reorganization pursuant to an
         order of the bankruptcy court.  

     (c) Upon consummation of a transaction, the Debtors will pay
         PJT, upon the closing of such transaction, a fee in the
         amount of $3.75 million, payable in cash directly out of
         the gross proceeds of the transaction; plus

     (d) The Debtors will reimburse PJT for all expenses
         incurred during the engagement, which will be limited to
         an amount equal to $25,000, unless consented to in
         writing by Hercules' Board of Directors.

Annah Kim-Rosen, PJT's chief compliance officer, disclosed in a
court filing that the firm is a "disinterested person" as defined
in section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Michael J. Genereux
     PJT Partners LP
     280 Park Avenue
     New York, NY 10017
     Tel: (212) 364-5056

                      About Hercules Offshore

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

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

The Debtors listed total assets of $1.06 billion and total debts of
$521.37 million as of March 31, 2016.
  
The Debtors have hired Akin Gump Srauss Hauer & Feld LLP as general
bankruptcy counsel and Morris, Nichols, Arsht & Tunnell LLP as
co-counsel.


HERCULES OFFSHORE: Taps Prime Clerk as Administrative Advisor
-------------------------------------------------------------
Hercules Offshore Inc. and its affiliates seek approval from the
U.S. Bankruptcy Court for the District of Delaware to hire Prime
Clerk LLC as their administrative advisor.

The Debtors tapped the firm to:

     (a) assist in the solicitation, balloting and tabulation of
         votes, and prepare any related reports in support of
         confirmation of a Chapter 11 plan;

     (b) prepare an official ballot certification and, if
         necessary, testify in support of the ballot tabulation  
         results;

     (c) if necessary, assist in the preparation of the Debtors'
         schedules of assets and liabilities and statements of
         financial affairs;

     (d) provide a confidential data room, if requested; and

     (e) manage and coordinate any distributions pursuant to a
         Chapter 11 plan.

The firm's professionals and their hourly rates are:

     Analyst                         $30 - $45
     Technology Consultant           $80 - $100
     Consultant/Senior Consultant    $90 - $160
     Director                       $170 - $190
     
Michael Frishberg, co-president and chief operating officer of
Prime Clerk, disclosed in a court filing that the firm is a
"disinterested person" as defined in section 101(14) of the
Bankruptcy Code.

Prime Clerk can be reached through:

     Michael J. Frishberg
     Prime Clerk LLC
     830 3rd Avenue, 9th Floor
     New York, New York 10022.
     Tel: (212) 257-5450

                      About Hercules Offshore

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

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

The Debtors listed total assets of $1.06 billion and total debts of
$521.37 million as of March 31, 2016.
  
The Debtors have hired Akin Gump Srauss Hauer & Feld LLP as general
bankruptcy counsel and Morris, Nichols, Arsht & Tunnell LLP as
co-counsel.


HYMAN B. HOROWITZ: Plan Confirmation Hearing Continued to Aug. 10
-----------------------------------------------------------------
In the Chapter 11 case of Hyman B. Horowitz, the Hon. Erik P.
Kimball granted an agreed motion to continue the hearing to confirm
a Chapter 11 plan for the Debtor to Aug. 10, 2016, and to approve
the disclosure statement explaining the Plan.  

The Court also approved this timeline:

     PROPONENT'S DEADLINE FOR SERVING THIS ORDER, DISCLOSURE
STATEMENT, PLAN AND BALLOT:
     July 1, 2016
     (40 days before Confirmation Hearing)

     DEADLINE FOR OBJECTIONS TO CLAIMS:
     July 1, 2016  
     (40 days before Confirmation Hearing)  

     DEADLINE FOR FEE APPLICATIONS:
     July 20, 2016  
     (21 days before Confirmation Hearing)  

     PROPONENT'S DEADLINE FOR SERVING NOTICE OF FEE APPLICATIONS:
     July 27, 2016
     (14 days before Confirmation Hearing)  

     DEADLINE FOR OBJECTIONS TO CONFIRMATION:
     July 27, 2016  
     (14 days before Confirmation Hearing)  

     DEADLINE FOR FILING BALLOTS ACCEPTING OR REJECTING PLAN:
     July 27, 2016  
     (14 days before Confirmation Hearing)  

     PROPONENT'S DEADLINE FOR FILING PROPONENT(S) REPORT AND
CONFIRMATION AFFIDAVIT:
     August 5, 2016
     (three business days before Confirmation Hearing)  

     DEADLINE FOR INDIVIDUAL DEBTOR TO FILE "CERTIFICATE FOR
CONFIRMATION REGARDING PAYMENT OF DOMESTIC SUPPORT OBLIGATIONS AND
FILING OF REQUIRED TAX RETURNS":
     August 5, 2016
     (three business days before Confirmation Hearing)  

     EXTENSION OF DEBTOR'S EXCLUSIVITY PERIOD:
     August 10, 2016

The Court conducted a hearing on May 25, 2016 to consider approval
of the Amended Disclosure Statement in connection with the Amended
Plan of Reorganization.  The Court held that the Disclosure
Statement as amended contains "adequate information" regarding the
Plan in accordance with 11 U.S.C. Sec. 1125(a).  Therefore,
pursuant to 11 U.S.C. Sec. 1125(b) and Bankruptcy Rule 3017(b), the
Disclosure Statement is approved.

A copy of the Court's order is available at:

           http://bankrupt.com/misc/flsb14-35912-0211.pdf

Hyman B. Horowitz filed a Chapter 11 bankruptcy petition (Bankr.
S.D. Fla. Case No. 14-35912) on November 24, 2014.


HYPERBARICS AND WOUND CARE: Taps Justiniano's Firm as Counsel
-------------------------------------------------------------
Hyperbarics and Wound Care Centers of Puerto Rico Corp. seeks
approval from the U.S. Bankruptcy Court for the District of Puerto
Rico to hire Justiniano's Law Office as its legal counsel.

The Debtor tapped the firm to provide these services in connection
with its Chapter 11 case:

     (a) examine documents and information needed to prepare the
         Debtor's schedules and financial affairs;

     (b) prepare Chapter 11 plan and disclosure statement;

     (c) prepare legal papers;

     (d) identify and prosecute claims and causes of action on  
         behalf of the Debtor;

     (e) examine proofs of claim filed in the Debtor's case;

     (f) advise the Debtor and prepare documents in connection
         with the operation of its business; and

     (g) advise the Debtor and prepare documents in connection
         with the liquidation of its assets.

Gloria Justiniano Irizarry, Esq., the attorney primarily
responsible for representing the Debtor, will be paid $200 per hour
for her services.  The firm's associates and paralegals will be
paid $125 per hour and $50 per hour, respectively.

Ms. Irizarry disclosed in a court filing that her firm is a
"disinterested person" as defined in section 101(14) of the
Bankruptcy Code.

The firm can be reached through:

     Gloria Justiniano Irizarry
     Justiniano's Law Office
     Ensanche Martinez
     8 Ramirez Silva
     Mayaguez, PR 00680-4714
     Tel: (787) 222-9272
     Fax: (787) 805-7350
     Email: justinianolaw@gmail.com

                        About Hyperbarics

Hyperbarics and Wound Care Centers of Puerto Rico Corp. sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. D.P.R.
Case No. 16-04810) on June 16, 2016.


INRETAIL REAL: Fitch Affirms 'BB+' Issuer Default Ratings
---------------------------------------------------------
Fitch Ratings has affirmed the Long-Term Foreign- and
Local-Currency Issuer Default Ratings (IDRs) of InRetail Real
Estate Corp. (InRetail Real Estate) at 'BB+'. Fitch has also
affirmed the senior unsecured bond issued by InRetail Shopping
Malls at 'BB+'.

The Outlook is Stable

KEY RATING DRIVERS

Solid Business Position

InRetail Real Estate Corp.'s (InRetail Real Estate) ratings reflect
the solid Peruvian shopping mall industry, stable and predictable
cash flow generation, and favorable industry fundamentals. InRetail
Real Estate is the largest shopping mall company in Peru based on
gross leasable area (GLA) and the number of shopping malls. Under
its Real Plaza brand, the company operates 18 shopping malls with
582,218 square meters (m2) of total GLA. InRetail Real Estate
maintains a market share measured by its participation in Peru's
total GLA, estimated at 24.8% as of Dec. 31, 2015. The company's
market position in Peru's shopping mall industry is viewed as solid
in the medium term.

Revenue Supports Stable Margins

The company's margins are stable and supported by its lease
structure with fixed-rent payments representing approximately 87%
of total rental income. EBITDA margins are expected to remain
stable at about 82% - 83% in 2016 - 2017. In addition, Fitch
expects the company to continue its moderately aggressive capex
plan, which includes the addition of more than 140,000 square
meters of GLA during 2016 - 2018, primarily as a result of the
development of the Puruchuco Mall.

Operational Performance in Line with Industry Standards

InRetail Real Estate has maintained high occupancy levels of 94% -
97% through 2012 - 2016. Its lease portfolio has adequate lease
expiration dates with approximately 4.9% and 5.4% of the company's
lease portfolio, measured as a percentage of the company's total
GLA, with expiration dates in 2016 and 2017, respectively. In
addition, InRetail Real Estate's lease duration profile for its
property portfolio has an average of about 19 years (including
anchor tenants) and about six years (excluding anchor tenants).

Limited Diversification

The ratings incorporate InRetail Real Estate's asset and tenant
concentration risk. The company's net revenue structure presents
some asset concentration, with five malls representing
approximately 54% of its net revenues during 2016. In addition, the
company's tenant composition is concentrated, as 10 of its most
important tenants represent approximately 44% of the company's
total annual rent revenue. This concentration is partially balanced
by the credit quality of these tenants. The company's assets and
tenant concentration risks are not expected to materially change in
the short to medium term.

Adequate Leverage

The company's net leverage is adequate. During the LTM ended March
31, 2016, InRetail Real Estate's net debt/LTM EBITDA was at about
4.2x. Fitch expects Net debt/ EBITDA to remain at about 4.3x - 4.4x
during 2016 - 2017 as the company is increasing expansion capex.
The company had PEN1.267 million (USD381million) of total debt,
which was composed of its USD 350 million senior unsecured of notes
due in 2021 and PEN136 million of unsecured local currency bonds
due in 2034. The balance of the company's debt was mostly in
banking loans and financial leases.

KEY ASSUMPTIONS

Fitch's key assumptions within the rating case for InRetail Real
Estate include the following:

-- 2016 EBITDA margin around 80%;
-- Net leverage around 4.3x - 4.4x in FYE16;
-- Negative FCF (after interest payment)during 2016 due to higher

    capex;
-- No dividend payments during 2016 - 2017;
-- Interest coverage (EBITDA/gross interest expenses)
    consistently above 2.5x during 2016 - 2017;
-- Unencumbered assets-to-net unsecured debt consistently above
1.75x during 2016.

RATING SENSITIVITIES

Fitch would consider a negative rating action if the company's
financial profile deteriorates due to some or a combination of the
following factors:

-- Adverse macroeconomic trends leading to weaker credit metrics;
-- Significant dividend distributions; and
-- Higher than expected vacancy rates or deteriorating lease
    conditions;
-- Net Leverage consistently above 5x;
-- EBITDA margin deterioration reaching levels consistently below

    72%;
-- Interest coverage ratio (EBITDA / interest expense ratio)
    consistently below 2x;
-- Consistent increase in short-term financing.

Fitch would consider a positive rating action as a result of some
or a combination of the following factors:

-- Improvement in InRetail Real Estate's asset diversification,
    net leverage and unencumbered assets at levels above those
    incorporated in the ratings;
-- Net Leverage consistently below 3.75x ratio;
-- Interest Coverage ratio consistently above 3x;
-- Unencumbered asset to net unsecured debt consistently above
    3x;
-- Material improvement (i.e. better than expected) in EBITDA  
    margins and asset diversification;
-- Positive FCF.

LIQUIDITY

InRetail Real Estate's liquidity is adequate as a result of its
current cash position and cash equivalent and debt payment
schedule, as well as a high level of unencumbered assets. No
material debt is due during the next three years. The company is
expected to maintain an adequate level of unencumbered assets, with
an estimated market value of approximately PEN2,9 billion (USD865
million), as of March 31, 2016, covering 2.4x its unsecured debt
level. InRetail Real Estate's loan to value is estimated at about
43%.

FULL LIST OF RATING ACTIONS

Fitch has affirmed the following ratings:

InRetail Real Estate Corp
-- Long-Term Foreign-Currency IDR at 'BB+';
-- Long-Term Local-Currency IDR at 'BB+'.

InRetail Shopping Malls
-- USD350 million senior unsecured foreign currency notes at
    'BB+';
-- Senior unsecured local currency notes due 2034 at 'BB+'.


JADE WINDS: June 30 Hearing on Amended Disclosure Statement
-----------------------------------------------------------
Judge Robert A. Mark of the U.S. Bankruptcy Court for the Southern
District of Florida, Miami Division, will hold a hearing to
consider approval of Jade Winds Association, Inc.'s Amended
Disclosure Statement on June 30, 2016, at 2:30 p.m.

The last day for filing and serving objections to the Amended
Disclosure Statement is June 27.

Headquartered in North Miami Beach, Florida, Jade Winds
Association, Inc., filed for Chapter 11 bankruptcy protection
(Bankr. S.D. Fla. Case No. 15-17570) on April 27, 2015, estimating
its assets at up to $50,000 and liabilities at between $1 million
and $10 million.  The petition was signed by Cristina D. Moinelo,
director.

Judge Robert A Mark presides over the case.

Bradley S Shraiberg, Esq., Shraiberg, Ferrara, & Landau P.A. serves
as the Debtor's bankruptcy counsel.


JTS LLC: Unsecureds To Recoup 47% Under Ch. 11 Plan
---------------------------------------------------
JTS, LLC, filed with the U.S. Bankruptcy Court for the District of
Alaska, a second amended disclosure statement proposing an
approximately 47% distribution to holders of general unsecured
claims in the year 2017.

The first distribution to the class will be made 30 days following
the closing of the sale of the Debtor's property at 3330 Denali
St., in Anchorage, Alaska, and will be the greater of $450,000 or
75% of the net proceeds of sale of the property.  The second
distribution will be made 30 days following the sale of all
inventory and equipment, and the collection of accounts receivable
to the extent the Debtor believes them to be collectable, belonging
to the Debtor on the effective date of the Plan and will be equal
to 75% of the net proceeds of the property.  In addition, 75% of
any net proceeds the Debtor receives as a result of its pending
litigation against Nokian Tyre, Ltd., will be distributed to
holders of allowed general unsecured claims.  No Allowed General
Unsecured Claim will receive more than 100% of the allowed claim
plus interest at 4% per annum from the Petition Date, June 15,
2015.

Unsecured claims of $2,000 or less, and larger claims the holders
of which elect to reduce their claims to $2,000 will be paid 40% of
their claim amount or 85% of the total claim, whichever is less.
Payment will be made with 30 days of the effective date of the
plan.

The allowed subordinated unsecured claim of Dennis Gaede will
receive the proceeds of all assets belonging to the Debtor
following full payment of amounts to be distributed to the holders
of Allowed General Unsecured Claims, but not more than 100% of the
allowed claim plus interest at 4% per annum from the Petition Date,
June 15, 2015.  The total amount of unsecured creditor claims will
be approximately $2.5 million.  The holders of these claims should
recover approximately 50% of the amount of the claim if the Debtor
is able to sell the Denali property for $12,000,000 by June, 2017.

Payments and distributions under the Plan will be funded from cash
on hand, ongoing revenue, sales of surplus equipment from closed
lease locations, additional capital investment from Dennis Gaede,
as well as the sales proceeds of the Denali St. Property when that
property is sold, rental income from that property from Factory
Motor Parts, which has an existing lease, and possible additional
lease revenue if new tenants can be located. There may also be
revenue from the litigation with Nokian Tyre, Ltd if the Debtor is
able to resolve that litigation favorably.

                       About JTS

JTS, LLC, d/b/a Johnson's Tire Service, a privately held single
member LLC owned by Kelly Gaede, is one of the largest family owned
and operated independent tire dealer and auto repair companies in
Alaska.  The company provides three main services: (i) new tires
(ii) tire change over (iii) automotive repair. With corporate
headquarters in Anchorage, JTS, LLC currently operates three
locations across the Anchorage Metro area, which services a
combined population of 400,000 in the communities of Anchorage,
Eagle River and Wasilla.  The Eagle River and Wasilla locations
were scheduled to close by Feb. 29, 2016.

JTS, LLC sought Chapter 11 protection (Bankr. D. Alaska Case No.
15-00167) in Anchorage, Alaska, on June 15, 2015.  JTS estimated
$10 million to $50 million in assets and debt.

The Debtor tapped David H. Bundy, Esq., at David H. Bundy, PC, in
Anchorage, as counsel.  The Debtor also engaged BDO, LLP as
accountants to prepare income tax returns; Newhouse & Vogler as
accountants to audit the Debtor's 2014 financial statement; and
Gary Petros, a real estate agent with Jack White Commercial to
list and sell the Debtor's property at 3300 Denali St, Anchorage.


LEN-TRAN INC: Taps Mackey Law Group as Special Ccounsel
-------------------------------------------------------
Len-Tran, Inc. seeks approval from the U.S. Bankruptcy Court for
the Middle District of Florida to hire Mackey Law Group, P.A. as
its special counsel.

The firm will represent the Debtor in a collection against Taylor
Woodrow Communities at Artisan Lakes, LLC, and in other potential
actions to collect on accounts.

The Debtor has agreed to compensate Mackey Law Group on a
contingency basis: 40% of any recovery before arbitration,
mediation or trial, or 50% of any recovery if a settlement is
reached during or after arbitration, mediation or trial.

Peter Mackey, Esq., at Mackey Law Group, disclosed in a court
filing that the firm does not represent any interests adverse to
the Debtor or its estate.

The firm can be reached through:

     Peter J. Mackey
     Mackey Law Group, P.A.
     1402 Third Avenue West
     Bradenton, Florida 34205
     Phone: 941-746-6225
     Fax: 941-748-6584
     Email: pmackey@mackeylaw.com

                       About Len-Tran Inc.

Len-Tran, Inc., dba Turner Tree & Landscape, based in Bradenton,
Florida, filed a Chapter 11 petition (Bankr. M.D. Fla. Case No.
16-04145) on May 13, 2016.  Elena P Ketchum, Esq., at Stichter,
Riedel, Blain & Postler, P.A., serves as counsel to the Debtor.  
In its petition, the Debtor estimated $1 million to $10 million
in both assets and liabilities.  The petition was signed by
Darrell Turner, president.


LIFEPOINTE VILLAGE-SOUTHAVEN: TMI Okayed as Series C Trustee
------------------------------------------------------------
Judge Jason D. Woodard entered an order granting the motion of
creditor TMI Trust Company to be appointed as successor Trustee of
the Subordinate General Mortgage Bonds, 2008 Series C of Lifepointe
Village-Southaven, LLC.  No response was filed to the Motion by the
deadline set by the Court.

As reported in the April 4, 2016 edition of the TCR, TMI asked the
U.S. Bankruptcy Court for the Northern District of Mississippi to
appoint it as Successor Trustee of the Subordinate General Mortgage
Bonds, 2008 Series C, of the Debtor.  In support of the Motion, TMI
told the Court:

     (A) TMI is the Trustee of the First Mortgage Bonds, 2008
Series A and First Mortgage Bonds, 2008 Series B of the Debtor. The
priority secured claim of the bondholders of the Series A and B
Bonds has been substantially satisfied following the foreclosure
sale of the real property.

     (B) Following the foreclosure of the real property, the
substitute trustee under the Deed of Trust sought to pay excess
proceeds from the foreclosure into the registry of the Court,
pending further orders regarding how those excess proceeds should
be distributed.

     (C) Pursuant to the confirmed plan in this case, and as a
result of the foreclosure, there may be multiple parties that have
an interest in the excess proceeds, including the bondholders of
the Series C Bonds.  The previous Trustee of the Series C Bonds
resigned, the Debtor, as Issuer of the Series C Bonds, did not
appoint a successor Trustee, and the Series C Bondholders holding a
majority in principal amount of the Series C Bonds have not
selected a successor Trustee.

    (D) The Trust Indenture for the Series C Bonds provides for the
appointment of a successor Trustee by court order upon application
by any Series C Bondholder.  Although the Trust Indenture also
permits the selection of a successor Trustee by the holders of a
majority in principal amount of the Series C Bonds, no other Series
C Bondholders have taken any action in this regard, and the
petitioning Series C Bondholder believes that it is logistically
impossible to obtain such majority consent under the
circumstances.

    (E) So that the interest of the Series C Bondholders may be
protected and any distribution to them be administered efficiently,
the petitioning Series C Bondholder asked the Court to appoint TMI
as successor Trustee of the Series C Bonds.

TMI is represented in this matter by:

          John S. Golwen, Esq.
          BASS, BERRY & SIMS PLC
          The Tower at Peabody Place
          100 Peabody Place, Suite 900
          Memphis, Tennessee 38103
          Telephone: (901) 543-5900
          E-mail: jgolwen@bassberry.com

The chapter 11 proceeding is captioned In re LifePointe
Village-Southaven, LLC, Bankr. N.D. Miss. Case No. 12-12031.


LILY GROUP: Has Court OK to Settle UHC's $66K Claim
---------------------------------------------------
Judge Basil H. Lorch III of the U.S. Bankruptcy Court for the
Southern District of Indiana, Terre Haute Division, gives authority
to Lily Group, Inc., to settle the claims to settle and compromise
certain claims LGI has asserted against United Healthcare Insurance
Co. for recovery of certain transfers pursuant to the Bankruptcy
Code.

Among other things, the Debtor's Settlement Motion provides that
the Debtor "made demand upon UHC for turnover of certain transfers
of LGI funds paid to UHC prepetition in the aggregate amount of
$66,825.  LGI and UHC have been in discussions with respect to the
Transfers and both parties wish to avoid the expense and
uncertainty of litigation reached agreement as to the Demand and
Response, subject to approval by this Court.  Specifically, UHC has
agreed to pay to LGI, the aggregate amount of $33,412 within 30
business days of the Court's entry of an order approving the
Motion, should the Court deem it appropriate.

Attorneys for Lily Group:

       David R. Krebs, Esq.
       John J. Allman, Esq.
       TUCKER HESTER BAKER & KREBS, LLC
       One Indiana Square, Suite 1600
       Indianapolis, IN 46204
       Telephone: (317) 833-3030
       Facsimile: (317) 833-3031
       Email: dkrebs@thbklaw.com
              jallman@thbklaw.com

            About Lily Group

Lily Group, Inc., the developer of an open-pit coal mine in Green
County, Indiana, filed a petition for Chapter 11 reorganization
(Bankr. S.D. Ind. Case No. 13-81073) on Sept. 23, 2013, in Terre
Haute, Indiana.

In its amended schedules, the Debtor disclosed $2.55 million in
assets and $39.0 million in liabilities.

Jefferson & Brewer LLC has been designated as the Debtor's chief
restructuring officer.

The Debtor is represented by Courtney Elaine Chilcote, Esq., and
David R. Krebs, Esq., at Tucker, Hester, Baker & Krebs, LLC, in
Indianapolis, Indiana.  The official committee of unsecured
creditors has tapped Faegre Baker Daniels LLP as counsel.


LOUISIANA CRANE: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Louisiana Crane & Construction, L.L.C.
           fka Louisiana Crane Company, LLC
        1045 Hwy. 190 West
        Eunice, LA 70535

Case No.: 16-50876

Chapter 11 Petition Date: June 27, 2016

Court: United States Bankruptcy Court
       Western District of Louisiana (Lafayette)

Judge: Hon. Robert Summerhays

Debtor's Counsel: Michael A. Crawford, Esq.
                  POB 2471
                  Baton Rouge, LA 70821
                  Tel: (225) 381-0201
                  E-mail: mike.crawford@taylorporter.com

                    - and -

                  Barry W. Miller, Esq.
                  HELLER, DRAPER, PATRICK, HORN & DABNEY, LLC
                  9311 Bluebonnet Blvd
                  Baton Rouge, LA 70810
                  Tel: (225) 767-1499
                  Fax: (225) 761-0780
                  E-mail: bmiller@hellerdraper.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $10 million to $50 million

The petition was signed by Douglas D. Marcantel, chief financial
officer.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/lawb16-50876.pdf


MARK MARTINEZ LLC: Hires Whittle Law Firm as Counsel
----------------------------------------------------
Mark A. Martinez, LLC, seeks permission from the U.S. Bankruptcy
Court for the Southern District of Texas to employ William A.
Whittle and The Whittle Law Firm, PLLC as Counsel

The Debtor requires Whittle Law Firm to:

     a. pre-file consultations and conferences with the Debtor's
secured creditors;

     b. prepare and file of the Debtor's Schedules, Statement of
Financial Affairs and Chapter 11 Plan, motions related to first day
orders and such other related matters that the Debtor may direct.

Whittle Law Firm will be paid at these hourly rates:

       Lawyers                           $300
       Legal Assistants                  $150
       Staff Legal Assistants            $75

The Debtor have agreed to deliver nonrefundable retainer in the
amount of $1,800 and an initial fee retainer of $4,000 for legal
services and other costs in connection with any matter.

Whittle Law Firm will also be reimbursed for reasonable
out-of-pocket expenses incurred.

William A. Whittle, Esq., 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.

Whittle Law Firm can be reached at:

        William A. Whittle, Esq.
        Whittle Law Firm, PLLC
        5151 Flynn Pkwy., Suite 308
        Corpus Christi, TX 78411
        Telephone: (361)887-6993
        Telecopier: (316)887-6999
        E-mail: w.whittle@whittlelawfirm.com

                   About Mark A. Martinez

Mark A. Martinez, LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Tex. Case No. 16-80149) on May 24,
2016, listing under $50,000 in assets and under $1 million in
liabilities.


MICHAEL ALLEN CARR: July 7 Plan Confirmation Hearing Set
--------------------------------------------------------
The Hon. K. Rodney May grants conditional approval to the second
disclosure statement explaining the Chapter 11 plan of debtor
Michael Allen Carr.

The court will conduct a hearing on confirmation of the Chapter 11
Plan of Reorganization, including timely filed objections to
confirmation, objections to the disclosure statement, motions for
cramdown, applications for compensation, and motions for allowance
of administrative claims on July 7, 2016, at 10:30 a.m., Courtroom
9B, United States Bankruptcy Court, 801 North Florida Avenue,
Tampa, Florida.  

An election of application of Bankruptcy Code Section 1111(b)(2) by
a class of secured creditors may be made at any time prior to the
conclusion of the Confirmation Hearing.  The hearing may be
adjourned from time to time by announcement made in open court
without further notice.  If the Plan is not confirmed, the court
will also consider dismissal or conversion of the case.

Any written objections to the Disclosure Statement shall be filed
with the court and served on the Local Rule 1007-2 Parties in
Interest List no later than seven days prior to the date of the
hearing on confirmation.  If no objections are filed within the
time fixed, the conditional approval of the Disclosure Statement
shall become final.  Any objections or requests to modify the
Disclosure Statement shall be considered at the Confirmation
Hearing.

Parties in interest shall submit to the Clerk's office their
written ballot accepting or rejecting the Plan no later than eight
days before the date of the Confirmation Hearing.

Objections to confirmation shall be filed with the court and served
on the Local Rule 1007-2 Parties in Interest List no later than
seven days before the date of the Confirmation Hearing.   

Michael Allen Carr filed a Chapter 11 bankruptcy petition (Bankr.
M.D. Fla. Case No. 15-10653) on October 22, 2015.


MICHAEL JOHN DEMARCO: Court Dismisses Chapter 11 Case
-----------------------------------------------------
The United States Bankruptcy Court for the Northern District of
Texas heard on May 19, 2016, the request of Kevin Carr and
Community Beer Co., LLC, to appoint a Chapter 11 trustee in the
case of Michael John Demarco.  The Debtor responded to the Motion
and, instead, sought dismissal of the case pursuant to 11 U.S.C.
Sec. 305(a).

In a ruling mid-June, Judge Barbara J. Houser found:

   A. There is no bankruptcy purpose for this case any longer, as
the creditors with liquidated claims have been paid; the creditors
with unliquidated claims are parties to a lawsuit with the Debtor;
and in that lawsuit, who has good claims and who does not have good
claims can be determined and then the parties can exercise their
state law remedies to collect whatever judgments they may receive
at the conclusion of the litigation.

   B. There is no need for a trustee because there is nothing to
administer in the case but a lawsuit and the Court declines the
invitation to give a strategic or litigation advantage to the
Defendants by appointing a trustee.

   C. The Debtor has abused the bankruptcy system by failing to
file accurately and carefully the required schedules, and after
converting to a Chapter 11 failing to file the required monthly
operating reports or do the other things the Bankruptcy Code
requires of a Chapter 11 debtor in possession.

   D. There is no discharge of the Defendants' counterclaims
against the Debtor, as those claims were not scheduled in the
Chapter 7 case.

Judge Houser ordered, adjudged and decreed:

   1. The Debtor's chapter 11 bankruptcy case, Case No. 14-33491,
is dismissed with prejudice to refiling under any chapter of the
United States Bankruptcy Code for a period of two years from the
date of entry of this order.

   2. No claims or counterclaims of Kevin Carr and Community Beer
Company, LLC, individually or collectively filed in this case will
be discharged or otherwise impacted as a result of, among other
things, (a) entry of this order, or (b) the Court's order granting
the Debtor a discharge on Oct. 29, 2014.

   3. As a result of the dismissal of this case, the Adversary
Proceeding No. 16-03032 is to be remanded to the 298th Judicial
District Court, Dallas County, Texas by separate order without
prejudice to the parties' respective positions in the case.

   4. The Court will retain jurisdiction to hear and consider all
disputes arising out of the interpretation or implementation of
this order.

Counsel for Kevin Carr:

         GRUBER ELROD JOHANSEN HAIL SHANK LLP
         David F. Wishnew
         Laura M. Fontaine
         John Machir Stull
         1445 Ross Avenue, Suite 2500
         Dallas, TX 75202
         Telephone: 214-855-6800
         Facsimile: 214-855-6808

Counsel for Community Brewing Co., LLC:

         PLATT CHEEMA RICHMOND PLLC
         William Richmond
         3906 Lemmon Avenue, Suite 212
         Dallas, TX 75219
         Telephone: 214-559-2700
         Facsimile: 214-559-4390

Counsel for the Debtor:

         THE HOLMES LAWFIRM, INC.
         Robert H. Holmes
         19 St. Laurent Place
         Dallas, TX 75225
         Telephone: 214-384-3182
         E-mail: rhholmes@swbell.net

Office of the U.S. Trustee:

         Meredyth Kippes
         Earle Cabell Federal Building
         1100 Commerce Street, Room 976
         Dallas, TX 75242
         Telephone: 214-767-8967
         Facsimile: 214-767-8971

The Chapter 11 case is In re Michael John DeMarco (Bankr. N.D. Tex.
Case No. 14-bk-33491) filed July 22, 2014.


MICHAELS COS: S&P Revises Outlook to Positive & Affirms 'B+' CCR
----------------------------------------------------------------
S&P Global Ratings revised its outlook on Irving, Texas-based The
Michaels Cos. Inc. to positive from stable.  S&P also affirmed its
'B+' corporate credit rating on the company.

At the same time, S&P raised its issue-level rating on Michaels'
$1.6 billion bank loan and its $850 million ($700 million
outstanding) term loan B to 'BB' from 'BB-' and revised the
recovery rating to '1' from '2', indicating S&P's expectation for
very high (90% to 100%) recovery in the event of a payment
default.

S&P also affirmed the 'B-' issue-level rating on the company's $510
million senior subordinated notes due 2020.  The '6' recovery
rating, which indicates S&P's expectation that noteholders would
receive negligible recovery (0% to 10%) in the event of a payment
default, remains unchanged.

"The outlook revision reflects the potential that we could raise
our ratings on Michaels over the next 12 months if good operating
performance, driven by successful merchandising, and improving
credit metrics trends, including lower leverage and consistent free
cash flow generation, continue throughout the second half of fiscal
2016," said credit analyst Declan Gargan.

The positive outlook reflects S&P's expectation for consistent
gains in operating performance to continue as management executes
on its plan to develop new merchandise and implements a flexible
display space across its store base to highlight new and seasonal
goods.  S&P expects earnings growth and good free cash flow
generation to continue over the next 12 months, causing credit
protection metrics to strengthen.

"We could raise our ratings if Michaels continues to achieve
operational performance gains, including positive comparable-store
sales growth of at least 2.0% and stable margins, leading to
earnings growth and leverage improving to the low-4.0x area and FFO
to debt around 15% on a sustained basis.  Given the seasonality of
the business, with approximately 35% of adjusted EBITDA generated
in the fourth quarter, Michaels will need to demonstrate second
half results in line with or ahead of our expectations, with
continued stable financial policies, before we would consider an
upgrade," S&P said.

S&P would consider revising our outlook to stable if the company's
operating performance slows during the second half of the year,
whether from merchandising missteps, poor holiday season results,
or integration issues with Lamrite West.  At that time, leverage
could weaken to the high-4.0x area.  Under this scenario, a 10%
decrease in EBITDA levels from S&P's current projections could
cause credit protection measures to weaken to this level.  Michaels
continues to be majority owned by financial sponsors Blackstone and
Bain and S&P would also consider a negative rating action if a
sponsor-led debt financed transaction were to be announced.



NELCO MLK: Aug. 11 Plan, Disclosures Hearing
--------------------------------------------
Judge Catherine Peek McEwen of the U.S. Bankruptcy Court for the
Middle District of Florida, Tampa Division, issued an order
conditionally approving Nelco MLK Property LLC's disclosure
statement and scheduled for August 11, 2016, a hearing on
confirmation of the Plan, including timely filed objections to
confirmation, objections to the Disclosure Statement, motions for
cramdown, applications for compensation, and motions for allowance
of administrative claims.

Any written objections to the Disclosure Statement must be filed
with the Court no later than seven days prior to the confirmation
hearing.

                         About Nelco MLK

Nelco MLK Property LLC filed a Chapter 11 petition in the U.S.
Bankruptcy Court for the Middle District of Florida (Tampa) on
January 29, 2016.  The case (Case No. 16-00737) is assigned to
Judge Catherine Peek McEwen.  The Debtor has tapped David W Steen,
P.A., as its legal counsel.

The Troubled Company Reporter on March 3, 2016, reported that the
Office of the U.S. Trustee disclosed in a filing with the U.S.
Bankruptcy Court for the Middle District of Florida that no
official committee of unsecured creditors has been appointed in the
Chapter 11 case of Nelco MLK Property, LLC.


NELSON SERVICE: Disclosures OK'd, Plan Hearing Set for Aug. 10
--------------------------------------------------------------
Judge Clifton R. Jessup, Jr., of the U.S. Bankruptcy Court for the
Northern District of Alabama, Northern Division, approved Nelson
Service Group, Inc.'s first amended disclosure statement and
scheduled a hearing on confirmation of the Chapter 11 plan of
reorganization for August 10, 2016, at 1:30 p.m.

Non-priority unsecured claims against the Debtor exceeds $550,000.
Holders of allowed general unsecured claims will be paid on a pro
rata distribution from the Debtor's projected disposable income.
The Debtor believes general unsecured creditors will receive a
distribution equal to 30% of their allowed claims, which will be
paid monthly over a period of 60 consecutive months.

The Debtor will implement the terms of the Plan by making payments
to creditors from its postpetition income.  Additionally, the
Debtor anticipates using the proceeds from its BP settlement to
resolve the unsecured claim holders.

July 29 is fixed as the deadline by which the holders of claims and
interests against the Debtor must file ballots accepting or
rejecting the Plan and the last day by which creditors and parties
in interest must file any objections to confirmation of the Plan.

The Debtor must tabulate all acceptances and rejections of the Plan
and file a Ballot Summary with the Court on or before August 3.

                      About Nelson Service

Nelson Service Group, Inc., sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. N.D. Ala. Case No. 15-83453) in
Decatur, on December 23, 2015.  The petition was signed by Alex
Nelson, president and CEO.  Nelson Service Group, Inc., is engaged
in the industrial coatings and maintenance of specialty industrial
equipment.

The Debtor is represented by Kevin D. Heard, Esq., at Heard, Ary &
Duaro LLC.  The case is assigned to Judge Clifton R. Jessup Jr.

The Debtor disclosed total assets of $1.49 million and total
debts of $750,415.


NORTH GATEWAY: Case Summary & 8 Unsecured Creditors
---------------------------------------------------
Debtor: North Gateway Core Acreage Investors, LLC
        A Delaware Limited Liability Company
        229 W. Harmont
        Phoenix, AZ 85021

Case No.: 16-07286

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: June 27, 2016

Court: United States Bankruptcy Court
       District of Arizona (Phoenix)

Debtor's Counsel: Cary S. Forrester, Esq.
                  FORRESTER & WORTH, PLLC
                  3636 North Central Avenue
                  Suite 700
                  Phoenix, AZ 85012
                  Tel: 602-271-4250
                  Fax: 602-271-4300
                  E-mail: scf@forresterandworth.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $500,000 to $1 million

The petition was signed by Gary White, co-manager of managing
member.

A list of the Debtor's eight largest unsecured creditors is
available for free at http://bankrupt.com/misc/azb16-07286.pdf


NORTHERN MEADOWS: Case Summary & 12 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Northern Meadows Development Co., LLC
        9490 Weidkamp Rd
        Lynden, WA 98264

Case No.: 16-13393

Chapter 11 Petition Date: June 27, 2016

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

Judge: Hon. Timothy W. Dore

Debtor's Counsel: Donald A Bailey, Esq.
                  DONALD A BAILEY ATTORNEY AT LAW
                  720 Olive Way, Suite 1000
                  Seattle, WA 98101
                  Tel: 206-682-4802
                  E-mail: donald.bailey@shaferbailey.com

Total Assets: $5.49 million

Total Liabilities: $6.21 million

The petition was signed by Stephen Brisbane, manager.

A list of the Debtor's 12 largest unsecured creditors is available
for free at http://bankrupt.com/misc/wawb16-13393.pdf


ONE2ONE COMMS: Third Party Releases Deemed Invalid, Court Rules
---------------------------------------------------------------
Judge Jose L. Linares of the United States District Court for the
District of New Jersey invalidated the approval of the releases and
remanded the matter in the case captioned QUAD/GRAPHICS, INC.
Appellant, v. ONE2ONE COMMUNICATIONS, LLC, Appellee, Civil Action
No. 13-1675 (JLL)(D.N.J.) for further analysis.

This matter comes before the Court by way of an appeal by
Quad/Graphics Inc. of the U.S. Bankruptcy Judge Novalyn Winfield's
March 5, 2013 Order confirming the Debtor One20ne Communications,
LLC's Fourth Amended Chapter 11 Plan of Reorganization.  The
limited question before this Court is whether the Bankruptcy Court
erred as a matter of law and/or fact in approving third party
releases and injunctions in the Plan and Order as it relates to the
Debtor's claims against insiders.

The Bankruptcy Court erred as a matter of law in failing to analyze
the contributions made to the Plan by the released non-debtors. The
releases are deemed invalid.

A full-text copy of the Opinion dated June 13, 2016 is available at
https://is.gd/SYOMjd from Leagle.com.

The Court further denied the request for sanctions in the case
captioned in relation to bankruptcy case In re ONE2ONE
COMMUNICATIONS, LLC, Chapter 11, Debtor, Case No. 12-27311 (Bankr.
D.N.J.).

QUAD/GRAPHICS, INC., Appellant, is represented by COURTNEY A.
SCHAEL, Esq. -- cschael@AshfordNJLaw.com -- ASHFORD - SCHAEL LLC.

ONE2ONE COMMUNICATIONS, LLC, Appellee, is represented by MICHAEL D.
SIROTA, Esq. -- msirota@coleschotz.com -- COLE SCHOTZ P.C., RICHARD
D. TRENK, Esq. -- rtrenk@trenklawfirm.com -- TRENK, DIPASQUALE et.
al. & DAVID M. BASS, Esq. -- dbass@coleschotz.com -- COLE SCHOTZ
P.C..

THE OFFICE OF THE UNITED STATES TRUSTEE, Appellee, is represented
by MARTHA R. HILDEBRANDT, OFFICE OF US TRUSTEE.

OFFICIAL COMMITTEE OF UNSECURED CREDITORS, Appellee, is represented
by KENNETH A. ROSEN, Esq. --  
krosen@lowenstein.com -- LOWENSTEIN SANDLER PC.

One2One Communications, LLC, filed a Chapter 11 petition (Bankr.
D.N.J. Case No. 12-27311) on July 10, 2012.  The Debtor tapped
Richard D. Trenk, Esq., at Trenk, Dipasquale, Della Fera & Sodono,
P.C., as counsel.  The Debtor disclosed $354,088 in assets and
$13,687,311 in liabilities.


OPUS MANAGEMENT: Adams' Bid for Trustee Withdrawn
-------------------------------------------------
Judge Neil P. Olack on June 23, 2016, entered an order withdrawing,
without prejudice, the motion filed by John Adams for the
appointment of a Chapter 11 trustee, or, in the alternative, for
the appointment of an examiner in the bankruptcy cases of Opus
Management Group Jackson LLC, et al.

Dr. Adams, an equity security holder and/or creditor of the
bankruptcy estates, said in his Motion, "There are reasonable
grounds to believe that the past and present principals, insiders
and affiliates of the Debtors have participated in actual fraud,
dishonesty, and/or criminal conduct in the management of the
Debtors within the meaning of 11 U.S.C. Sec. 1104(a)(1) and (e).

Dr. Adams had claimed that in 2012 he made a 20% capital
contribution of $15,625 to debtor Rx Pro Pharmacy and Compounding
Inc.  However, he pointed out that he never received a single penny
of any salary, profits, dividends or distributions while Chad
Barrett, his other business partners, affiliates and/or insiders
reaped a financial windfall from Dr. Adams' 20% ownership in Rx Pro
Pharmacy/Hallandale.

According to the Court's June 23 order granting the withdrawal, the
Motion is moot in light of the Court's entry of an order approving
a settlement among certain Debtors, M. Chad Barrett, and John
Adams, D.O. on June 7, 2016.

Counsel for Dr. John Adams:

        Robert T. Higginbotham, Jr.
        J. Wilbourn Vise
        G. Michael Massey
        MASSEY, HIGGINBOTHAM, VISE & PHILLIPS, P.A.
        3003 Lakeland Cove, Suite E
        Flowood, MS 39232
        Telephone: (601) 420-2200
        Telecopy (601) 420-2202
        E-mail: bhigginbotham@mhvplaw.com

               - and -

        Kristina M. Johnson
        Stephanie B. McLarty
        JONES WALKER LLP
        190 East Capitol Street, Suite 800 (39201)
        Post Office Box 427
        Jackson, MS 39205-0427
        Telephone (601) 949-4785
        Telecopy (601) 949-4804
        E-mail: kjohnson@joneswalker.com

Opus Management Group Jackson LLC, et al., sought Chapter 11
protection (Bankr. S.D. Miss. Lead Case No. 16-00297) on Feb. 2,
2016.  The Debtor is represented by Thomas M. Hewitt, Esq., at
Butler Snow LLP.


PACIFIC RECYCLING: Wells Fargo Asks for Ch. 11 Trustee
------------------------------------------------------
Wells Fargo Equipment Finance, as assignee of GE Government
Finance, Inc. ("GGFI"), on June 21, 2016, filed a motion asking the
U.S. Bankruptcy Court for the District of Oregon to enter an order
appointing a Chapter 11 trustee in the Chapter 11 case of Pacific
Recycling, Inc.

Previously the Court gave debtor Pacific Recycling an extension of
time to file a Chapter 11 plan of reorganization to June 30, 2016.
In addition, on motion of the Debtor, the Court appointed Stan
Levers as consultant.

GGFI is informed and believes that Levers is no longer providing
advice to the Debtor.  GGFI further is informed and believes that,
contrary to recommendations made by Levers, the Debtor chose to
abandon negotiations with Sims for a toll processing arrangement
which would serve to provide the Debtor with the basis of a plan of
reorganization. GGFI understands that a primary reason negotiations
with Sims were abandoned is that the Debtor's principal, Rodney
Schultz, himself a debtor in an administratively consolidated case,
was concerned with losing control of the Debtor.

GGFI has some confidence in Levers as knowledgeable in the
recycling business, in the Debtor's particular business, and
management of the Debtor.  The Debtor now advises it intends to
file a Chapter 11 plan based not on obtaining new revenues, but
rather through further borrowing from Calbag under a line of
credit. No plan has been circulated and no proposals have been made
to GGFI although GGFI holds the principal secured claim in this
case.

John W. Weil, Esq., at Tomasi Salyer Baroway, "It is critical to
ensure that all reorganization alternatives are considered and GGFI
therefore files this motion seeking the appointment of a Chapter 11
trustee.  A trustee in this case would fully explore all
reorganization alternatives and choose the alternative with the
best business chance of success which would be in the best interest
of creditors, or at least subject to the creditors' analysis and
vote.  A trustee would be disinterested and would not have the
conflict Schultz faces in trying to retain ownership in, management
authority over, and future income from the Debtor.

The Debtor does not consent to the relief requested in the Motion.

Attorneys for GE Government Finance:

          TOMASI SALYER BAROWAY
          John W. Weil
          10300 SW Greenburg Road
          1 Lincoln Center, Suite 430
          Portland, OR 97223
          Telephone: 503-894-9900
          Facsimile: 971-544-7236
          E-mail: jweil@tsbnwlaw.com

               - and -

          REED SMITH LLP
          Jonathan R. Doolittle
          101 Second Street, #1800
          San Francisco, CA 94105
          Telephone: 415-543-5902
          Facsimile: 415-391-8269
          E-mail: jdoolittle@reedsmith.com

                     About Pacific Recycling

Pacific Recycling, Inc. filed a Chapter 11 bankruptcy petition
(Bankr. D. Ore. Case No. 15-62925) on Aug. 27, 2015.  The petition
was signed by Rodney Schultz, the president.  The Debtor disclosed
total assets of $5,996,665 and total liabilities of $21,718,414.
Hon. Frank R. Alley III is assigned to the case.  Cable Huston LLP
represents the Debtor as counsel.

The U.S. Trustee for Region 18 appointed four creditors of Pacific
Recycling to serve on the official committee of unsecured
creditors.  Cassie K. Jones, Esq., and the law firm of Gleaves
Swearingen LLP represent the Committee as its counsel.


PEABODY ENERGY: Claims Bar Date Set for August 19
-------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of Missouri set
Aug. 19, 2016, at 11:59 p.m. (Central Time) as the general deadline
for entities to file proofs of claim against Peabody Energy
Corporation et al.

The Court also set Oct. 11, 2016, at 11:59 p.m. (Central Time) as
the general deadline for governmental units to file their claims.

According to the Troubled Company Reporter on June 10, 2016, the
Debtors anticipated that the August 19, 2016 bar date will provide
almost two months after service of notice, for creditors to file
proofs of claim in the bankruptcy case, and potentially
greater time if service can be accomplished more quickly.

Proof of claim must be sent either:

a) by first class mail, overnight courier, or hand-delivery to:

   Peabody Energy Corp.
   Claims Processing Center
   c/o KCC
   2335 Alaska Avenue
   El Segundo, CA 90245

b) electronically using the interface available on KCC's website at
https//epoc.kccllc.net/peabody; or

c) electronically using the Court's website at
http://www.moeb.uscourts.gov/epoc.

Proofs of claim may not be delivered by facsimile or electronic
mail transmission.

Additional information regarding the filing of a proof of claim,
entities may contact KCC at (866) 967-1783 (toll free in the U.S.
and Canada) or +1 (310) 751-2683 (international calls).

                  About Peabody Energy Corporation

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

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

At Dec. 31, 2015, the Company had total assets of $11.02 billion
against $10.1 billion in total liabilities, and stockholders'
equity of $919 million.

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

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

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


PENINSULA HOLDINGS: Rejected $12.9MM Offer; Plexus Wants Trustee
----------------------------------------------------------------
Plexus Capital LLC, PM Farm Lenders LLC, Wayne Williamson, and
Allen Kiel in mid-June 2016 filed with the U.S. Bankruptcy Court
for the District of Colorado a motion for the appointment of a
Chapter 11 trustee in the case of Peninsula Holdings, LLC.

Plexus is a creditor in this bankruptcy case by virtue of making
loans and obtaining liens on several of the Debtor's real estate
holdings.  Plexus Collateral consists of:

   (i) a second Deed of Trust on 8787 Dry Creek Road, Centennial,
Colorado, and on 7505 Parkway Drive, Lone Tree, Colorado to secure
a $2,275,700 obligation; and

  (ii) a second and fifth Deed of Trust on 3755 Chambers Road,
Aurora, Colorado to secure a $9,216,312 obligation collectively
owed to the entities making up Plexus Capital.

The Debtor filed a Motion of the Debtor for Order Approving: (1)
Sale of Assets Free and Clear of Liens and Interests; (2)
Assumption and Assignment of Unexpired Leases; and (3) Authorize
the Disbursement of Certain Proceeds ("Sale Motion").  In the Sale
Motion, the Debtor proposes to sell the Plexus Collateral and one
other piece of real property free and clear of liens pursuant to 11
U.S.C. Sec. 363(b)(1) and Sec. 363(f) to Paravez Malik.  Mr. Malik
is a business partner of Baljit Nanda who is the majority owner and
manager of the Debtor.

According to paragraph six of the Sale Motion, the consideration to
be paid for the four pieces of real property is: (i) earnest money
of $25,000; (ii) cash at closing to be paid from a new loan in the
amount of $9,000,000; (iii) the Debtor will finance $2,300,000; and
(iv) cash at closing in the amount of $975,000 for a total of
$12,300,000.  There are currently objections pending to the sale.

On June 1, 2016, Erie Partners II, LLC, tendered to the Debtor a
letter of intent offering to purchase the same four pieces of real
property for $12,900,000 in an all cash deal.  According to Plexus,
the offer submitted by Erie Partners is superior to the offer
submitted by Mr. Malik because the purchase price is $600,000 more
and it is a cash offer with no Debtor financing.

Plexus Capital urged the Debtor to accept Erie Partners' offer
before the June 3, 2016 deadline and to turn over certain due
diligence documents which were requested by Erie Partners' letter
of intent.  Despite repeated requests as to the status of the Erie
Partners' offer by its attorney, Duncan Barber, there has been no
response, no acceptance of the Erie Partners' offer, and no
submission of the due diligence documents by the Debtor or its
manager Mr. Nanda.

According to Plexus, the refusal to accept the Erie Partners'
superior offer and stonewalling by the Debtor appears to be a delay
tactic by Mr. Nanda in hopes that the Erie Partners' offer will go
away and the properties can be sold to Mr. Nanda's business
partner.

Plexus Capital has been in contact with Erie Partners and does not
want their offer to go away but there can be no further movement
without the due diligence documents that Erie Partners has
requested and an acceptance of Erie Partners' offer.

To assist Erie Partner, Plexus Capital filed on June 14, 2014 an Ex
Parte Motion for Bankruptcy Rule 2004 Examination of Debtor to
Request Production of Documents to obtain the due diligence
documents.  The Order granting a Rule 2004 Examination was entered
on June 16, 2017.

But even if Erie Partners gets the documents, it is clear by the
lack of response by the Debtor that the offer will not be accepted
and presented to the Court, according to Plexus Capital.  Plexus
believes that the manager of the Debtor is failing in his fiduciary
duty to the Bankruptcy Estate, its creditors, and this Court by
purposely ignoring the Erie Partners' offer and instead moving
forward with his business partner's inferior offer.

"A trustee needs to be appointed to administer the affairs of the
Debtor and to fulfill the fiduciary duties and responsibilities
that Mr. Nanda has failed to do," Plexus asserts.

Attorneys for Plexus Capital LLC, PM Farm Lenders LLC, Wayne
Williamson, and Allen Kiel:

         MINOR & BROWN P.C.
         David M. Rich
         650 S. Cherry Street, Suite 1100
         Denver, CO 80246-1801
         Tel: (303) 376-6020
         Fax: (303) 320-6330
         E-mail: drich@minorbrown.com

Peninsula Holdings, LLC, filed for Chapter 11 bankruptcy protection
(Bankr. D. Colo. Case No. 16-11466) on Feb. 23, 2016.


PNW ARMS: Taps Elsaesser Jarzabek as Legal Counsel
--------------------------------------------------
PNW Arms, LLC seeks approval from the U.S. Bankruptcy Court for the
District of Idaho to hire Elsaesser Jarzabek Anderson Elliot &
MacDonald, CHTD.

PNW Arms tapped the firm to serve as its legal counsel in
connection with its Chapter 11 case.  The firm's professionals and
their hourly rates are:

     Ford Elsaesser      $395
     Bruce Anderson      $350
     Support Staff        $95

Bruce Anderson, Esq., at Elsaesser, disclosed in a court filing
that the firm does not have any connection with PNW Arms'
creditors, the U.S. trustee and other parties.

Elsaesser can be reached through:

     Bruce A. Anderson
     Elsaesser Jarzabek Anderson
     Elliot & MacDonald, CHTD.
     320 East Neider Avenue, Suite 102
     Coeur d'Alene, ID 83815
     Tel: (208) 667-2900
     Fax: (208) 667-2150

                        About PNW Arms, LLC

PNW Arms, LLC sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. Idaho Case No. 16-20457) on June 21, 2016.  

The petition was signed by Mark Baciak, managing member.  The case
is assigned to Judge Terry L. Myers.

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


POST EAST: Case Summary & 5 Unsecured Creditors
-----------------------------------------------
Debtor: Post East, LLC
        P.O. Box 150
        Westport, CT 06881

Case No.: 16-50848

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: June 27, 2016

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

Debtor's Counsel: Carl T. Gulliver, Esq.
                  COAN LEWENDON GULLIVER & MILTENBERGER LLC
                  495 Orange Street
                  New Haven, CT 06511
                  Tel: (203) 624-4756
                  Fax: 203-865-3673
                  E-mail: cgulliver@coanlewendon.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Michael F. Calise, member.

A list of the Debtor's five unsecured creditors is available for
free at http://bankrupt.com/misc/ctb16-50848.pdf


PREMIER WELLNESS: Wants Plan Filing Period Extended to Nov. 1
-------------------------------------------------------------
Premier Wellness Centers LLC asks the U.S. Bankruptcy Court for the
Southern District of Florida to extend the exclusivity period for
the filing of a plan and disclosure statement to and including Nov.
1, 2016.

The exclusivity period within which the Debtor is required to file
a plan and disclosure statement is slated to expire on July 4,
2016.

The Debtor is also currently in negotiations with secured
creditors.  The Debtor has otherwise complied with all Chapter 11
reporting requirements and no other creditor or interested party
would be prejudiced by the delay.

The Debtor's counsel can be reached at:

     Malinda L. Hayes, Esq.
     MARKARIAN FRANK & HAYES
     2925 PGA Boulevard, Suite 204
     Palm Beach Gardens, FL 33410
     Tel: (561) 626-4700
     Fax: (561) 627-9479

Headquartered in Port Saint Lucie, Florida, Premier Wellness
Centers LLC filed for Chapter 11 bankruptcy protection (Bankr. S.D.
Fla. Case No. 16-10191) on Jan. 6, 2016, listing $384,433 in total
assets and $2.56 million in total liabilities.  The petition was
signed by William Jensen, managing member.  Judge Paul G. Hyman,
Jr., presides over the case.  Malinda L Hayes, Esq., at Markarian
Frank White-Boyd & Hayes serves as the Debtor's bankruptcy counsel.


PRIVATE FAMILY OFFICE: Dale Goodman Okayed as Ch. 11 Trustee
------------------------------------------------------------
Judge Paul W. Bonapfel approved the appointment of Dale R. F.
Goodman as trustee in the case of Private Family Office, LLC,
pursuant to 11 U.S.C. Sec. 1106.

Mr. Goodman, who was appointed by the Acting U.S. Trustee, can be
reached at:

         Dale R. F. Goodman
         GOODMAN & GOODMAN, P.C.
         1303 Hightower Trail, Suite 200
         Atlanta, Georgia 30350
         E-mail: dale@goodmanandgoodmanpc.com

Prior to making the appointment, the Acting United States Trustee,
and his designee, consulted with attorneys for the Debtor and J.
Thomas Properties, LLC.

The Acting United States Trustee contends that Dale R. F. Goodman
is a disinterested person as defined by 11 U.S.C. Sec. 101(14).
Ms. Goodman is not a creditor, an equity security holder, or an
insider of the debtor.

Guy G. Gebhardt, the Acting United States Trustee for Region 21, on
May 26 had filed a motion to convert the case to Chapter 7 or
alternatively for the appointment of a Chapter 11 trustee in the
Chapter 11 case of Private Family Office.  According to the U.S.
Trustee, the Debtor's continued and repeated failure to file all
monthly operating reports in a timely fashion is grounds for
dismissal or conversion pursuant to 11 U.S.C. Sec. 1112(b)(4)(F)
and (H).

On May 27, 2016, J. Thomas Properties, LLC, the Debtor's largest
creditor, filed an objection to the relief sought by the United
States Trustee.  J. Thomas on June 14 withdrew its objections to
the Motion.

In advance of the scheduled hearing on the Motion, the U.S. Trustee
and the debtor reached an agreement as to how this case should
proceed without need for a contested hearing on the matter.

On June 15, the Court entered an order authorizing the U.S. Trustee
to appoint a Chapter 11 Trustee.

On June 16, the U.S. Trustee sought and obtained approval of his
appointment of Ms. Goodman as Chapter 11 Trustee.

Guy G. Gebhardt, Acting United States Trustee for Region 21, is
represented by:

         David S. Weidenbaum
         Trial Attorney
         Office of the United States Trustee
         362 Richard B. Russell Building
         75 Ted Turner Drive, SW
         Atlanta, GA 30303
         Tel: (404) 331-4437
         E-mail: david.s.weidenbaum@usdoj.gov

Attorney for the Debtor:

         GEIGER LAW, LLC
         David A. Geiger
         1275 Peachtree Street, NE, Suite 525
         Atlanta, GA 30309
         Tel: (404) 815-0040
         E-mail: david@geigerlawllc.com

                      About Private Family Office

On Nov. 2, 2015, Private Family Office, LLC, filed a voluntary
petition under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Ga.
Case No. 15-71200).  The voluntary petition is signed by Alex E.
Suarez, shown to be the Debtor's manager.

The Debtor tapped Paul Reece Marr, Esq., at Paul Reece Marr, P.C.,
in Atlanta, as counsel.

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



PRODUCTION RESOURCE: S&P Affirms 'CCC-' CCR, Outlook Remains Neg.
-----------------------------------------------------------------
S&P Global Ratings affirmed its 'CCC-' corporate credit rating on
New York-based Production Resource Group Inc.  The rating outlook
remains negative.

At the same time, S&P affirmed its 'CCC+' issue-level rating on the
company's $200 million senior secured asset-based lending (ABL)
revolving facility due October 2018.  The '1' recovery rating is
unchanged, indicating S&P's expectation for very high recovery
(90%-100%) of principal in the event of a payment default.

S&P also affirmed its 'CC' issue-level rating on the company's
$377.3 million (outstanding) 8.875% senior unsecured notes due
2019.  The '6' recovery rating is unchanged, indicating S&P's
expectation for negligible recovery (0%-10%) of principal in the
event of a payment default.

S&P also raised its issue-rating on PRG's $274 million senior
secured second-lien term loan due 2019 to 'CCC' from 'CCC-' and
revised the recovery rating to '2' from '4'.  The '2' recovery
rating indicates substantial recovery (70%-90%; upper half of the
range) of principal in the event of a payment default.

"Our 'CCC-' corporate credit rating on PRG reflects our view that
the company's liquidity and margin of compliance with its covenants
remain thin despite the debt recapitalization, including extending
the maturity of its ABL facility," said S&P Global Ratings credit
analyst Dylan Singh.

S&P believes PRG could violate its covenants or miss an interest
payment during the next six months.  S&P estimates that the company
has only about $120 million of total revolver capacity, based on
its covenants, and it will not generate any discretionary cash
flow.  As a result, S&P believes there is an elevated risk that PRG
may miss its bond interest payment (approximately $16 million) due
Nov. 1, 2016.  S&P also believes there is uncertainty about the
long-term viability of PRG's capital structure.

The upgrade reflects S&P's expectation that the ABL balance
outstanding at default will decline after the credit amendment
($200 million in size, but S&P estimates that only $120 million
will be available due to tight covenants) and thereby improve the
second-lien term loan lenders' recovery prospects.

The negative rating outlook reflects S&P's view that there is an
increased likelihood that PRG could violate its leverage covenants
or miss an interest payment within the next six months.


QUICKSILVER RESOURCES: Files Plan of Liquidation
------------------------------------------------
BankruptcyData.com reported that Quicksilver Resources filed with
the U.S. Bankruptcy Court a First Amended Joint Chapter 11 Plan of
Liquidation and related Disclosure Statement. According to the
Disclosure Statement, "The Second Lien Secured Claims shall be
Allowed in an aggregate amount equal to $149,149,078. The Plan
provides for a liquidation of the Debtors' remaining assets and a
distribution of the Cash proceeds to creditors in accordance with
the priority scheme of the Bankruptcy Code and the terms of the
Plan. In addition, because the Plan proposes a liquidation of all
of the Debtors' assets, for purposes of this test the Debtors have
analyzed the ability of the Liquidation Trust to meet its
obligations under the Plan. Based on the Debtors' analysis, the
Liquidation Trust will have sufficient assets to accomplish its
tasks under the Plan. The Cash that would be available for
satisfaction of Claims and Interests would consist of the proceeds
from the disposition of the assets and properties of the Debtors,
augmented by the Cash held by the Debtors. Such Cash amount would
be: (i) first, reduced by the amount of the secured portion of the
Allowed Other Secured Claims, Allowed First Lien Claims, and the
secured portion of the Allowed Second Lien Claims; (ii) second,
reduced by the costs and expenses of liquidation under chapter 7
(including the fees payable to a chapter 7 trustee and the fees
payable to professionals that such trustee might engage) and such
additional administrative claims that might result from the
conversion; and (iii) third, reduced by the amount of the Allowed
Administrative Expense Claims, Fee Claims, U.S. Trustee Fees,
Allowed Priority Tax Claims, and Allowed Priority Non-Tax Claims.
Any remaining net Cash would be allocated to creditors and
stakeholders in strict order of priority contained in Bankruptcy
Code section 726."

                    About Quicksilver Resources

Quicksilver Resources Inc. (OTCQB: KWKA) is an exploration and
production company engaged in the development and production of
long-lived natural gas and oil properties onshore North America.
Based in Fort Worth, Texas, the company claims to be a leader in
the development and production from unconventional reservoirs
including shale gas, and coal bed methane.  Following more than 30
years of operating as a private company, Quicksilver became public
in 1999.

The Company has U.S. offices in Fort Worth, Texas; Glen Rose,
Texas; Steamboat Springs, Colorado; Craig, Colorado and Cut Bank,
Montana.  The Company's Canadian subsidiary, Quicksilver Resources
Canada Inc. is headquartered in Calgary, Alberta.

On March 17, 2015, Quicksilver Resources Inc. and certain of its
affiliates filed voluntary petitions for relief under Chapter 11 of
the Bankruptcy Code in Delaware.  Quicksilver's Canadian
subsidiaries were not included in the Chapter 11 filing.

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

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

The U.S. Trustee for Region 3 appointed five creditors of
Quicksilver Resources Inc. to serve on the official committee of
unsecured creditors.

                           *     *     *

The Debtors won approval to sell substantially all assets to
BlueStone Natural Resources II, LLC.  BlueStone offered $240
million to acquire Quicksilver's oil and gas assets located in the
Barnett Shale in the Fort Worth basin of North Texas, and $5
million for those assets located in the Delaware basin in West
Texas.


REAL ESTATE SHORT SALES: Taps Orantes Law Firm as Legal Counsel
---------------------------------------------------------------
Real Estate Short Sales Inc. seeks approval from the U.S.
Bankruptcy Court for the Central District of California to hire The
Orantes Law Firm, P.C. as its legal counsel.

The Debtor tapped the firm to provide these services in connection
with its Chapter 11 case:

     (a) propose a plan of reorganization expeditiously, and
         provide more general services, such as advising the
         Debtor with respect to compliance with the requirements
         of the Office of the U.S. Trustee;

     (b) advise the Debtor regarding matters of bankruptcy law;

     (c) represent the Debtor in any proceedings or hearings in
         the bankruptcy court and other courts;

     (d) conduct examinations of witnesses, claimants or adverse
         parties and assist in the preparation of reports,
         accounts and pleadings;

     (e) advise the Debtor concerning the requirements of the
         bankruptcy court 22 and applicable rules; and

     (f) assist the Debtor in the negotiation, formulation,
         confirmation and implementation of a Chapter 11 plan.

The firm's professionals and their current hourly rates are:

     Giovanni Orantes      $500
     Associates            $250 - $500

     Paralegals:
     Claudia M. Hurtado    $160
     Andrea Castro         $160
     Norma Yacinthe        $160
     Kristy Lozoya         $160

In a court filing, Mr. Orantes disclosed that the firm is a
"disinterested person" as defined in section 101(14) of the
Bankruptcy Code.

The firm can be reached through:

     Giovanni Orantes      
     The Orantes Law Firm, P.C.
     3435 Wilshire Blvd., Suite 2920
     Los Angeles, CA 90010
     Tel: 213-389-4362
     Fax: 877-789-5776
     E-mail: go@gobklaw.com

                  About Real Estate Short Sales

Real Estate Short Sales Inc. sought protection under Chapter 11
of the Bankruptcy Code (Bankr. C.D. Cal. Case No. 16-11387)
on May 6, 2016.


REFUGE FAMILY CARE: Says Patient Care Ombudsman Unnecessary
-----------------------------------------------------------
Refuge Family Care PCH Inc. asks the Bankruptcy Court to enter an
order deeming that the appointment of a Patient Care Ombudsman is
not required in its Chapter 11 case despite possible closure of two
facilities.

Miles Raynor, principal and president of Debtor, states that he
intends to continue the operation of the Dublin and Hampton, Ga.,
houses but may decide to close the two Valdosta, Ga., houses.  Mr.
Raynor wants to make it clear that he has not decided whether he
shall close the two Valdosta locations.  The State of Georgia
contracted with the Debtor to provide the supervision services
related to the patients.  If the Valdosta houses are closed, the
State of Georgia shall step in and reassign the patients to new
housing facilities.  Therefore, Mr. Raynor believes there would be
no reason to appoint a Patient Care Ombudsman at this time.

The Debtor is in possession of all business and patient records.
The Debtor has liability insurance, with no known pending cases or
claims, except a claim by employees for some labor issues.  The
Debtor also has adequate staff and facilities to care for the
patients housed by Debtor.

Hampton, Ga.-based Refuge Family Care PCH Inc. is a mental health
lodging business where employees of the Debtor provide adult day
and night supervision of patients housed in the four houses.
Refuge Family Care  sought chapter 11 protection (Bankr. N.D. Ga.
Case No. 16-59679) on June 3, 2016.  The Debtor is represented by
Evan M. Altman, Esq.  The petition was signed by Miles Raynor,
president of the Company.  The Debtor estimated assets between $0
and $50,000, and liabilities between $500,001 and $1,000,000.


RESTAURANTS ACQUISITION: Court OK's Unit to Ink Premium Financing
-----------------------------------------------------------------
The Honorable Kevin Gross of the U.S. Bankruptcy Court for the
District of Delaware authorized Restaurants Acquisition I, LLC's
debtor affiliate, BEP America, Inc., to enter into a new insurance
premium financing agreement with Premium Assignment Corporation.

Judge Gross has authorized BEP America to grant PAC or its
successor or assigns a first priority lien on and security interest
in unearned premiums as described in the Renewed PFA and pay PAC
all summs due under the Renewed PFA.

The parties estimate that the premiums and other fees relating to
the Insurance Programs will not exceed, in the aggregate, $403,000
and anticipates that the Debtor's pro rata obligation for the
premiums, will not exceed, approximately 75% of that amount.  BEP
America will pay approximately 15% up front as a down payment and
will finance the remainder.  The Debtor's pro rata obligation for
the Cash Down Payment will be approximately 75% of that amount.
The anticipated interest rate will be determined based upon the
final actual premium amounts.

Other than the Cash Down Payment, BEP America will make 10
installment payments beginning on May 30, 2016, with the last
payment being made February 28, 2017.  Late charge of 5% of
delinquent or unpaid installment.

Counsel to Debtor and Debtor-in-Possession Restaurants Acquisition
I, LLC:

       Sean J. Bellew, Esq.
       Sommer L. Ross, Esq.
       Jarret P. Hitchings, Esq.
       DUANE MORRIS LLP
       222 Delaware Avenue, Suite 1600
       Wilmington, DE 19801-1659
       Telephone: 302.657.4900
       Facsimile: 302.657.4901
       Email: sjbellew@duanemorris.com
              slross@duanemorris.com
              jphitchings@duanemorris.com

            About Restaurants Acquisition

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

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

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

Duane Morris LLP serves as counsel to the Debtor.

                             *     *     *

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


RESTAURANTS ACQUISITION: Has Until August 29 to Remove Actions
--------------------------------------------------------------
The Honorable Kevin Gross of the U.S. Bankruptcy Court for the
District of Delaware grants Restaurants Acquisition I, LLC, a
second extension of time within which the Debtor may file notices
of removal of any civil actions, extending the same until August
29, 2016.

In its Motion, the Debtor avers that, "the current deadline by
which the Debtor may seek to remove these actions to federal court
is May 30, 2015... Since the commencement of the Chapter 11 Case,
the Debtor’s attention has been primarily dedicated to
reorganizing its business operations and its limited resources have
been focused on a number of pressing matters associated with
administering the Chapter 11 Case... In addition, the Debtor and
its counsel devoted significant time and resources to addressing
and responding to a motion to transfer the venue of this Chapter 11
Case filed by the Texas Comptroller of Public Accounts... and the
Texas Workforce Commission... Finally, the Debtor has continued to
worked diligently in transitioning its finances and business
operations towards a more effective and efficient model which have
allowed it to capitalize on the strengths of its existing resources
while eliminating underperforming or unprofitable operations."

Counsel to Debtor and Debtor-in-Possession Restaurants Acquisition
I, LLC:

       Sean J. Bellew, Esq.
       Sommer L. Ross, Esq.
       Jarret P. Hitchings, Esq.
       DUANE MORRIS LLP
       222 Delaware Avenue, Suite 1600
       Wilmington, DE 19801-1659
       Telephone: 302.657.4900
       Facsimile: 302.657.4901
       Email: sjbellew@duanemorris.com
              slross@duanemorris.com
              jphitchings@duanemorris.com

            About Restaurants Acquisition

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

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

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

Duane Morris LLP serves as counsel to the Debtor.

                                     *     *     *

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


RGIS HOLDINGS: S&P Lowers CCR to 'B-', Outlook Negative
-------------------------------------------------------
S&P Global Ratings lowered its corporate credit rating on Auburn
Hills, Mich.-based RGIS Holdings to 'B-' from 'B'.  The outlook is
negative.

At the same time, S&P lowered its issue-level rating on the
company's senior secured debt to 'B-' from 'B'.  The '4' recovery
rating remains unchanged, indicating S&P's expectation for average
(30% to 50%, upper half of the range) recovery in the event of a
payment default.

"Our downgrade reflects RGIS' heightened refinancing risk, with a
large upcoming debt maturity and volatility in the credit markets,
particularly after the recent Brexit vote.  This risk is amplified
by the company's continuing poor operating performance and weak
credit metrics over the last several years.  We expect credit
metrics will remain weak as the company continues to face headwinds
from rising labor costs and a difficult retail environment.  RGIS'
margins have been eroding for several years, due to a combination
of wage increases and significant pricing pressure from its larger
retail customers.  The fact that the company has not been able to
materially raise its prices to offset rising domestic labor costs
indicates to us its weak bargaining position.  We believe the
company has taken a stronger position against price concessions
over the last year and that downward pricing pressure is
stabilizing, but we do not expect significant improvement in
margins over the next year.  While we do not expect weak operating
performance to create a strain on liquidity over the next year (we
forecast EBITDA cash interest coverage in the high-2x area and
solid cash balances), RGIS' $500 million senior secured note
matures in October 2017 and the company may not be able to
refinance the debt at terms that are suitable to sustain its
long-term health if its interest expense or amortization rates rise
materially,". S&P said

S&P's negative outlook reflects the potential that the company
could be unable to refinance its October 2017 debt maturity at
terms that will enable it to invest in its business, which would
make it difficult to grow in the future.  This could occur if it
refinances its bank facility at materially higher interest or
amortization rates because of its weak credit metrics, and/or
because of a reduction in credit market liquidity.  S&P assumes in
its forecast that revenues and margins stabilize after the first
quarter of 2016, that free cash flow remains steady, and that the
company successfully refinances its debt due October 2017.  S&P
could lower the rating if the company does not successfully
refinance its term debt within the next few quarters.

S&P could revise the outlook to stable if RGIS successfully
refinances its October 2017 debt maturity at terms that enable the
company to comfortably maintain positive free cash flow.  An
upgrade would be predicated on strengthened profitability and S&P's
expectation for sustained operating performance improvement.


RICEBRAN TECHNOLOGIES: Amends Voting Agreement with Arvind Narula
-----------------------------------------------------------------
As previously disclosed in a Form 8-K filed with the Securities and
Exchange Commission on Feb. 9, 2016, RiceBran Technologies entered
into a Voting Agreement and Irrevocable Proxy effective Feb. 8,
2016, with Arvind Narula and Youji Company Limited and the
Company's chief executive officer, as proxyholder.  The Voting
Agreement set forth how Shareholders' shares in the Company would
be voted by Proxyholder.  At the request of the Shareholders, on
June 20, 2016, the Voting Agreement was amended to provide that
Shareholders' shares would be voted as recommended by the Company's
Board of Directors at the Company's 2016 annual meeting of
shareholders.

                        About RiceBran

Scottsdale, Ariz.-based RiceBran Technologies, a California
corporation, is a human food ingredient and animal nutrition
company focused on the procurement, bio-refining and marketing of
numerous products derived from rice bran.

RiceBran reported a net loss of $10.6 million on $39.9 million of
revenues for the year ended Dec. 31, 2015, compared to a net loss
of $26.6 million on $40.10 million of revenues for the year ended
Dec. 31, 2014.

As of March 31, 2016, RiceBran had $34.9 million in total assets,
$26.9 million in total liabilities and $7.66 million in total
equity attributable to the Company's shareholders.

The Company's auditors Marcum LLP, in New York, NY, 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 resulting in an accumulated
deficit of $251 million at December 31, 2015.  This factor among
other things, raises substantial doubt about its ability to
continue as a going concern.


RMS TITANIC: Hires Nelson Mullins as Bankruptcy Counsel
-------------------------------------------------------
RMS Titanic, Inc., et al., seek permission from the U.S. Bankruptcy
Court for the Middle District of Florida to employ Nelson Mullins
Riley & Scarborough LLP as counsel, nunc pro tunc to the Petition
Date.

The professional services to be rendered by Nelson Mullins are
principally bankruptcy-related, including the development and
implementation of a plan of reorganization for the Debtors, but may
also include general corporate, litigation, real estate and other
legal services.

Nelson Mullins will be paid these hourly rates:

     Primary Partners              $415
     Paralegals                    $170

Daniel F. Blanks, Esq., a partner at Nelson Mullins, assures the
Court that the firm represents no interest adverse to the Debtors
or to their estates in the matters upon which they are to be
engaged.  Nelson Mullins is not a creditor of the estates, nor has
any officer or employee of Nelson Mullins served as a director,
officer or employee of the Debtors in the last two years.  Mr.
Blanks tells the Court that neither he nor Nelson Mullins hold an
interest materially adverse to the interest of the estate or of any
class of creditors or equity security holders, by reason of
any direct or indirect relationship to, connection with, or
interest in the Debtors, or for any other reason.

The firm may be reached at:

     Daniel F. Blanks, Esq.
     Lee D. Wedekind, III, Esq.
     NELSON MULLINS RILEY & SCARBOROUGH LLP  
     50 N. Laura Street, Suite 4100
     Jacksonville, FL 32202
     Tel: (904) 665-3656 (direct)
     Fax: (904) 665-3699
     E-mail: daniel.blanks@nelsonmullins.com
             lee.wedekind@nelsonmullins.com

                        About RMS Titanic

RMS Titanic, Inc., a wholly owned subsidiary of Premier
Exhibitions, Inc., is the only company permitted by law to recover
objects from the wreck of Titanic.  The Company was granted
Salvor-In-Possession rights to the wreck of Titanic by the United
States District Court for the Eastern District of Virginia, Norfolk
Division in 1994 and has conducted eight research and recovery
expeditions to Titanic recovering approximately 5,000 artifacts.
In the summer of 2010, RMS Titanic, Inc. conducted a
ground-breaking expedition to Titanic 25 years after its discovery,
to undertake innovative 3D video recording, data gathering and
other technical measures so as to virtually raise Titanic,
preserving the legacy of the ship for all time.

                      About Premier Exhibitions

Premier Exhibitions, Inc. (Nasdaq:PRXI) --
http://www.PremierExhibitions.com/-- located in Atlanta, Georgia,
is a presenter of museum quality exhibitions throughout the world.
Premier develops and displays unique exhibitions for education and
entertainment including Titanic: The Artifact Exhibition,
BODIES...The Exhibition, Tutankhamun: The Golden King and the Great
Pharaohs, Pompeii The Exhibition, Extreme Dinosaurs and Real
Pirates in partnership with National Geographic.  The success of
Premier Exhibitions, Inc. lies in its ability to produce, manage,
and market exhibitions.

RMS Titanic and seven of its subsidiaries filed voluntary petitions
for reorganization under Chapter 11 of the Bankruptcy Code (Bankr.
M.D. Fla. Lead Case No. 16-02230) on June 14, 2016.  Chief
Financial Officer and Chief Operating Officer Michael J. Little
signed the petitions.

The Debtors estimated both assets and liabilities in the range of
$10 million to $50 million.  The Chapter 11 cases are assigned to
Judge Paul M. Glenn.


RMS TITANIC: Taps Kaleo Legal as Litigation, Conflicts Counsel
--------------------------------------------------------------
RMS Titanic, Inc., et al., seek permission from the U.S. Bankruptcy
Court for the Middle District of Florida to employ Kaleo Legal as
special litigation counsel, outside general counsel, securities
counsel, and conflicts counsel, effective as of the commencement of
these Chapter 11 cases.

The Debtors anticipate that Kaleo will render legal services to the
Debtors for on a variety of corporate, commercial and litigation
matters and on an as needed basis throughout the course of these
Chapter 11 cases, including, without limitation, bankruptcy and
litigation-related matters.

Kaleo understands that the Debtors have retained and may retain
additional professionals during the term of the engagement and
agrees to work cooperatively with professionals to integrate any
respective work conducted by the professionals on behalf of the
Debtors.

Kaleo's primary partners will be paid $400 per hour for their
services.

Brian A. Wainger, Esq., a partner at Kaleo, assures the Court that
the firm (a) does not have any connection with the Debtors, its
creditors, the U.S. Trustee, or any person employed in the Office
of the U.S. Trustee, or any other party in interest, or its
respective attorneys and accountants, (b) is a disinterested
person, as that term is defined in section 101(14) of the
Bankruptcy Code, and (c) does not hold or represent any interest
adverse to the estate.

Kaleo can be reached at:

     Brian A. Wainger, Esq.
     Partner, Kaleo Legal
     4456 Corporation Lane, Suite 135
     Virginia Beach, VA 23462
     Tel: (757) 965-6804
     Fax: (757) 304-6175
     E-mail: bwainger@kaleolegal.com

                        About RMS Titanic

RMS Titanic, Inc., a wholly owned subsidiary of Premier
Exhibitions, Inc., is the only company permitted by law to recover
objects from the wreck of Titanic.  The Company was granted
Salvor-In-Possession rights to the wreck of Titanic by the United
States District Court for the Eastern District of Virginia, Norfolk
Division in 1994 and has conducted eight research and recovery
expeditions to Titanic recovering approximately 5,000 artifacts.
In the summer of 2010, RMS Titanic, Inc. conducted a
ground-breaking expedition to Titanic 25 years after its discovery,
to undertake innovative 3D video recording, data gathering and
other technical measures so as to virtually raise Titanic,
preserving the legacy of the ship for all time.

                      About Premier Exhibitions

Premier Exhibitions, Inc. (Nasdaq:PRXI) --
http://www.PremierExhibitions.com/-- located in Atlanta, Georgia,
is a presenter of museum quality exhibitions throughout the world.
Premier develops and displays unique exhibitions for education and
entertainment including Titanic: The Artifact Exhibition,
BODIES...The Exhibition, Tutankhamun: The Golden King and the Great
Pharaohs, Pompeii The Exhibition, Extreme Dinosaurs and Real
Pirates in partnership with National Geographic.  The success of
Premier Exhibitions, Inc. lies in its ability to produce, manage,
and market exhibitions.

RMS Titanic and seven of its subsidiaries filed voluntary petitions
for reorganization under Chapter 11 of the Bankruptcy Code (Bankr.
M.D. Fla. Lead Case No. 16-02230) on June 14, 2016.  Chief
Financial Officer and Chief Operating Officer Michael J. Little
signed the petitions.

The Debtors estimated both assets and liabilities in the range of
$10 million to $50 million.  The Chapter 11 cases are assigned to
Judge Paul M. Glenn.


ROADRUNNER ENTERPRISES: BOM Seeks Adequate Protection
-----------------------------------------------------
Bank of McKenney tells the U.S. Bankruptcy Court for the Eastern
District of Virginia that it is not opposed to Roadrunner
Enterprises, Inc.'s proposed sale of the campground but it does
object to the proposal that any and all remaining sale proceeds
will be unencumbered property of the Debtor's estate that will be
used to pay administrative claims and fund the plan.

BOM also complains that the Motion does not note the fact that BOM,
claiming that it has a lien on the Campground pursuant to the BOM
Deed of Trust, securing a maximum aggregate amount of principal of
$275,000, and while the "Note" referenced therein is a $25,000.

Accordingly, BOM requests adequate protection of its lien on the
Campground in the form of a sale order that provides that (a) BOM's
lien transfers to any net sale proceeds, after payment of the sale
closing costs and Presidential Bank's lien, and attaches to the
proceeds to the same extent, and with the same validity and
priority, that it is attached to the Campground; and (b) those sale
proceeds shall be held in trust by the Debtor and may not be used
for any purpose except as provided in a subsequent order of the
Court.

Counsel for Bank of McKenney:

       Robert H. Chappell, III, Esq.
       Neil E. McCullagh, Esq.
       SPOTTS FAIN PC
       411 East Franklin Street, Suite 600
       Richmond, Virginia 23219
       Telephone: (804) 697-2000
       Facsimile: (804) 697-2100
       Email: rchappell@spottsfain.com
              nmccullagh@spottsfain.com

           About Roadrunner Enterprises

Headquartered in Chesterfield County, Virginia, Roadrunner
Enterprises Inc. owns the Roadrunner Campground and more than 70
rental properties, lots, and other real estate interests.

Roadrunner Enterprises filed for Chapter 11 bankruptcy protection
(Bank. E.D. Va. Case No. 15-30604) on Feb. 6, 2015.  The petition
was signed by Carl Adenauer, president.  David K. Spiro, Esq., at
Hirschler Fleischer, P.C., serves as the Debtor's counsel.  Judge
Kevin R. Huennekens presides over the case.  The Debtor estimated
assets and liabilities of at least $10 million.


ROYAL MANOR: 6th Circ. Affirms $207K Sanctions vs. Grossman
-----------------------------------------------------------
The United States Court of Appeals for the Sixth Circuit affirmed
the bankruptcy court's $207,004 sanctions against Dennis Grossman
and post-judgment discovery orders in the case captioned DENNIS
ALLAN GROSSMAN, Plaintiff-Appellant, v. PANEL OF THE SIXTH CIRCUIT
DAVID WEHRLE, Trustee, Liquidation Trustee, Successor-in-interest
to Official Committee of Unsecured Creditors, Defendant-Appellee,
No. 15-3146 (6th Cir.), in relation to bankruptcy case IN RE ROYAL
MANOR MANAGEMENT, INC., Debtor.

Dennis Grossman, an attorney who represented claimants pursuing a
non-priority unsecured proof of claim in jointly administered
Chapter 11 bankruptcy cases, appeals the Bankruptcy Appellate
Panel's affirmance of the bankruptcy-court orders imposing $207,004
in sanctions against him and ordering post-judgment discovery.

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

Royal Manor Management, Inc., headquartered in Brunswick, Ohio,
filed for Chapter 11 bankruptcy (Bankr. N.D. Ohio Case No.
08-50421) on Feb. 12, 2008.  Judge Marilyn Shea-Stonum presides
over the case.  Mark Schlachet, Esq., serves as Royal Manor's
bankruptcy counsel.  It disclosed $7,357 in assets and $15,066,772
in liabilities.


SANDY CREEK: S&P Lowers Project Finance Rating to 'B'; Outlook Neg
------------------------------------------------------------------
S&P Global Ratings lowered its project finance rating on Sandy
Creek Energy Associates L.P. to 'B' from 'B+'.  The outlook is
negative.  The recovery rating on this debt is '1', indicating
expectations for very high (90%-100%) in the event of a payment
default.

The downgrade results from S&P's revised financial forecast.  "We
anticipate that contractual revenues will buoy the ratios to some
extent, but that capacity factors, which have been weaker than we
expected, will remain weak because coal assets have some difficulty
remaining competitive in a low gas pricing environment," said S&P
Global Ratings credit analyst Michael Ferguson.  The market
conditions are so severe that the plant was offline for a period of
about six months from late 2015 through May 2016; it returned to
service on May 9 and has been running normally since then.

The negative outlook reflects S&P's view that power prices in ERCOT
could continue to worsen during the next year, possibly resulting
in weaker cash flows and heightened refinancing risk. While S&P
expects DSCRs to exceed 1.2x in most years during the term loan
period, it would likely drop to under 1.1x after refinancing,
potentially leading to a cap on the project rating if power prices
weaken further.

S&P could lower the rating if the project's project life coverage
ratio (PLCR) at refinancing in 2020 dropped to under 1.1x
consistently (inclusive of a drawn revolver) or if minimum DSCRs,
in any period, dropped to under 1.0x.  This would likely stem from
continued weakening of power prices, driven by low gas pricing,
though S&P notes that operational challenges could contribute to
weaker cash flows as well. Additionally, a PLCR of lower than 1.1x
could cap the rating at 'B-'.

S&P would revise the outlook to stable, or, less likely, to
positive, if power prices were to rebound such that minimum DSCRs
during the post-refinancing period improved to around 1.2x from
their current level under 1.1x.  This could stem from the
retirement of other coal assets or a rebound in gas prices, which
would raise power prices and contribute to higher power demand.



SANTA FE GOLD: Exits Chapter 11 Bankruptcy Process
--------------------------------------------------
Santa Fe Gold Corporation on June 28, 2016, disclosed that it has
successfully emerged from the voluntary petitions under Chapter 11
of the Bankruptcy Code in U.S. Bankruptcy Court for the District of
Delaware.  Pursuant to dismissal from bankruptcy, the 'Q' is
expected to be removed from the SFEGQ interim trading symbol
forthwith and Santa Fe Gold will resume trading under SFEG.

A new management team is being assembled to consider various
options to resume operations.

                      About Santa Fe Gold

Santa Fe Gold Corporation and three affiliated entities, a group of
mining and mineral exploration companies headquartered in
Lordsburg, New Mexico, filed Chapter 11 bankruptcy petitions
(Bankr. D. Del. Lead Case No. 15-11761) on Aug. 26, 2015, to pursue
an expedited sale of their assets in order to maximize value for
all stakeholders.

The case is pending before the Honorable Mary F. Walrath.  The
cases are being jointly administered for procedural purposes.  

Santa Fe Gold disclosed $19.1 million in assets and $29.9 million
in debt as of March 31, 2015.

The Debtors tapped Young Conaway Stargatt & Taylor, LLP, as
counsel; Canaccord Genuity Group Inc., as financial advisor; and
American Legal Claim Services, LLC, as notice, claims, and
solicitation agent.

The Official Committee of Unsecured Creditors tapped Polsinelli PC
and Squire Patton Boggs (US) LLP as attorneys.

Waterton Global Value, L.P., the prepetition lender, the DIP lender
and buyer of the assets, is represented by Richards, Layton &
Finger, P.A., and Sidley Austin LLP.


SCPD GRAMERCY: Public Auction Set for June 30
---------------------------------------------
A public auction for the sale of 100% membership interests in SCPD
Gramercy 1 LLC will take place on on June 30, 2016, at 11:00 a.m.
Eastern Time at the New York County Courthouse (New York State
Supreme Court, Civil Part) 60 Centre Street, New York, New York.

The principal asset of the collateral is the real property located
at 327 East 22nd Street, New York, New York.

The sale is held to enforce the rights of the secured parties under
that certain pledge agreement executed by SCPD Gramercy dated Sept.
19, 2014.

Interested parties who would like additional information regarding
the collateral, the requirements to be a qualified bidder or the
terms of the sale must contact Kyle Kaminshi at (212) 925-6692 at
kkmaninski@missioncap.com.


SFX ENTERTAINMENT: Court Approves Sale of Fame House Assets to UMG
------------------------------------------------------------------
Honorable Mary F. Walrath of the U.S. Bankruptcy Court for the
District of Delaware approves SFX Entertainment, Inc. and its
affiliated debtors' sale of the Fame House Assets to UMG Commercial
Services, Inc., and the Final Purchase Agreement entered into by
the Parties.

The Troubled Company Reporter previously reported that the Debtors
asked the Court to approve the sale of substantially all of the
assets of the business of debtor SFX Marketing LLC d/b/a Fame
House, free and clear of all liens, claims, encumbrances and
interests to the applicable successful bidder or backup bidder
contending that they no longer view the Fame House Assets as core
to the SFX platform and that the Sale would be in their best
interests, their estates, creditors and other parties in interest
thereby asking the Court to approve their Final Purchase
Agreement.

                About SFX Entertainment

SFX Entertainment, Inc., and 43 of its affiliates, a global
producer of live events and digital entertainment content focused
exclusively on the electronic music culture and other world-class
festivals, filed Chapter 11 bankruptcy petitions (Bankr. D. Del.
Case Nos. 16-10238 to 16-10281) on Feb. 1, 2016.  The petitions
were signed by Michael Katzenstein as chief restructuring officer.

The Debtors disclosed total assets of $662 million and total debt
of $490 million.

Judge Mary F. Walrath is assigned to the case.


SFX ENTERTAINMENT: Court OKs Sale of Flavorus Assets to Vivendi
---------------------------------------------------------------
Honorable Mary F. Walrath of the U.S. Bankruptcy Court for the
District of Delaware approves SFX Entertainment, Inc. and its
affiliated debtors' sale of all or substantially all of the assets
of Flavorus, Inc., certain assets of SFXE IP LLC (the "Flavorus
Assets") to Vivendi Ticketing U.S. LLC, free and clear of liens,
claims, encumbrances and interests.

The Debtors notified the Court of the successful Auction that on
June 2-3, 2016, where the Debtors, in consultation with the DIP
Lenders, Consenting Noteholders and the Official Committee of
Unsecured Creditors, determined that the Successful Bidder was
Vivendi, with a Successful Bid that included a Cash Purchase Price
of an amount equal to $4,000,000 minus the Estimated Closing
Aggregate Cure Amount plus Assumed Liabilities.

Adam Keil, the Managing Director of Moelis & Company, LLC, relates
that the auction resulted because the Debtors received two bids,
and determined that both bids were Qualified Bids.  At the
conclusion of the auction, the Debtors deemed Vivendi the
Successful Bidder and reached an agreement on a Final Purchase
Agreement, which was signed on June 6, 2016, Mr. Keil further
relates.  A special committee appointed by the Debtors' board of
directors retained Moelis to advise them in connection with a
proposed acquisition transaction with affiliates of the Debtors and
to solicit indications of interest from potential acquirers.

Counsel for the Debtors and Debtors-in-Possession:

       Dennis A. Meloro, Esq.
       GREENBERG TRAURIG, LLP
       The Nemours Building
       1007 North Orange Street, Suite 1200
       Wilmington, Delaware 19801
       Telephone: (302) 661-7000
       Facsimile: (302) 661-7360
       Email: melorod@gtlaw.com

       -- and --

       Nancy A. Mitchell, Esq.
       Maria J. DiConza, Esq.
       Nathan A. Haynes, Esq.
       GREENBERG TRAURIG, LLP
       MetLife Building
       200 Park Avenue
       New York, NY 10166
       Telephone: (212) 801-9200
       Facsimile: (212) 801-6400
       Email: mitchelln@gtlaw.com
              diconzaj@gtlaw.com
              haynesn@gtlaw.com

             About SFX Entertainment

SFX Entertainment, Inc., and 43 of its affiliates, a global
producer of live events and digital entertainment content focused
exclusively on the electronic music culture and other world-class
festivals, filed Chapter 11 bankruptcy petitions (Bankr. D. Del.
Case Nos. 16-10238 to 16-10281) on Feb. 1, 2016.  The petitions
were signed by Michael Katzenstein as chief restructuring officer.

The Debtors disclosed total assets of $662 million and total debt
of $490 million.

Judge Mary F. Walrath is assigned to the case.

reenberg Traurig, LLP serves as the Debtors' counsel.  Kurtzman
Carson Consultants LLC acts as the Debtors' claims and noticing
agent.

The Official Committee of Unsecured Creditors retained Pachulski
Stang Ziehl & Jones LLP as counsel; and Conway Mackenzie, Inc., as
financial advisor.


SFX ENTERTAINMENT: Seeks to Reject Founder's Employment Agreement
-----------------------------------------------------------------
SFX Entertainment, Inc., and its affiliated debtors seek authority
from the U.S. Bankruptcy Court to reject the employment agreement
with Robert F.X. Sillerman dated October 18, 2012, and any other
employment agreement Mr. Sillerman may have or has had in the past
with any of the Debtors.

As the founder of SFX, Mr. Sillerman has been the Chairman of the
Board and CEO of SFX since its inception in 2011.  However, Mr.
Sillerman has agreed to resign from his positions with SFX on March
31, 2016, pursuant to the Restructuring Support Agreement entered
into by and among the Debtors, certain holders of the Debtors'
Second Lien Notes and Mr. Sillerman prior to the Petition Date. The
RSA contemplated that Mr. Sillerman would be replaced by Mr.
Katzenstein of FTI on an interim basis unless a permanent CEO had
been identified by that date.

The Debtors also asked the Court to approve a Resignation and
Transition Agreement with Mr. Sillerman, which agreement provides
that Mr. Sillerman will be entitled to participate in, and receive
benefits under, any health insurance plan made available by the
Company to its employees from time to time.  The parties also
agreed that Mr. Sillerman will remain as an employee of SFX and in
this position will be paid minimum wage for as long as he remains
Chairman of the Board of Directors of the Company.

Mr. Sillerman may retain the support of his personal assistant (on
an exclusive basis) for so long as he remains Chairman of the Board
of the Company; provided that if his personal assistant resigns
then the Company will have no obligation to provide an exclusive
assistant for Mr. Sillerman and will provide Mr. Sillerman an
assistant on a non-exclusive basis.

Mr. Sillerman has agreed that he will not assert claims (other than
prepetition unsecured claims) on account of severance or
termination benefits under his Employment Agreement, or any other
employment agreement he may currently have or has had in the past
with the Company and/or any of its subsidiaries.

Mr. Sillerman further agreed to release the Company, its
subsidiaries, and its directors, officers, employees, from all
claims, liabilities and obligations that, among other things, arise
out of or relate to his resignation as Chief Executive Officer and
Executive Chairman of the Company.

Counsel for the Debtors and Debtors-in-Possession:

       Dennis A. Meloro, Esq.
       GREENBERG TRAURIG, LLP
       1007 North Orange Street, Suite 1200
       Wilmington, Delaware 19801
       Telephone: (302) 661-7000
       Facsimile: (302) 661-7360
       Email: melorod@gtlaw.com

       -- and --

       Nancy A. Mitchell, Esq.
       Maria J. DiConza, Esq.
       Nathan A. Haynes, Esq.
       GREENBERG TRAURIG, LLP
       200 Park Avenue
       New York, New York 10166
       Telephone: (212) 801-9200
       Facsimile: (212) 801-6400
       Email: mitchelln@gtlaw.com
              diconzam@gtlaw.com
              haynesn@gtlaw.com

           About SFX Entertainment

SFX Entertainment, Inc., and 43 of its affiliates, a global
producer of live events and digital entertainment content focused
exclusively on the electronic music culture and other world-class
festivals, filed Chapter 11 bankruptcy petitions (Bankr. D. Del.
Case Nos. 16-10238 to 16-10281) on Feb. 1, 2016.  The petitions
were signed by Michael Katzenstein as chief restructuring officer.

The Debtors disclosed total assets of $662 million and total debt
of $490 million.

Judge Mary F. Walrath is assigned to the case.


SHIRLEY FOOSE MCCLURE: Buyers Are Good Faith Purchasers, Court Says
-------------------------------------------------------------------
Judge Geraldine Mund of the United States Bankruptcy Court for the
Central District of California, San Fernando Valley Division, found
the buyers of Shirley Foose McClure's real property to be good
faith purchasers and are protected under Section 363(m) of the
Bankruptcy Code.

Debtor Shirley McClure brings this motion to sell the real property
located at 316 N. Rossmore Ave, #307, in Los Angeles, California,
to Glen Meredith and Joanne Valli-Meredith and that the sale be
free and clear of liens, claims, encumbrances, and interests.  She
further requests that she may pay the secured debt owed to City
National Bank and certain other closing costs.  She seeks a finding
that the buyer is a good faith buyer and that the 14 day stay of
FRBP 6004 is waived.

A full-text copy of the Memorandum of Opinion dated June 15, 2016
is available at https://is.gd/Sp5y4A from Leagle.com.

In the bankruptcy case captioned In re: Shirley Foose McClure,
Chapter 11, Debtor(s), Case No. 1:13-bk-10386-GM (Bankr. C.D.
Calif.).

Shirley Foose McClure, Shirley Foose McClure, is represented by
James R Felton, Esq. -- jfelton@greenbass.com -- Greenberg & Bass,
Andrew Goodman, Yi S Kim, Faye C Rasch, Esq. -- frasch@lwgfllp.com
-- Lobel Weiland Golden Friedman LLP, Robert M Scholnick.

United States Trustee, U.S. Trustee, represented by S Margaux Ross.


SPARRER SAUSAGE: 7th Circ. Reverses Jason's Foods Judgment
----------------------------------------------------------
The United States Court of Appeals for the Seventh Circuit reversed
the judgment of the district court affirming the bankruptcy court's
order and remanded the action in the case captioned THE UNSECURED
CREDITORS COMMITTEE OF SPARRER SAUSAGE COMPANY, INC.,
Plaintiff-Appellee, v. JASON'S FOODS, INC., Defendant-Appellant,
No. 15-2356 (7th Cir.).

During the 90-day preference period preceding its Chapter 11
bankruptcy filing, Sparrer Sausage Company paid invoices it
received from Jason's Foods, Inc., one of its suppliers, totaling
roughly $587,000. The Unsecured Creditors Committee asked that
these payments be returned to the bankruptcy estate as avoidable
preferences under Section 547(b) of the Bankruptcy Code. Jason's
Foods agreed that the payments were avoidable preferences but
claimed an exception under 11 U.S.C. Section 547(c)(2)(A) for
otherwise preferential transfers made in the ordinary course of
business.

The bankruptcy judge allowed Jason's Foods to keep a significant
share of the challenged payments but held that the timing of
certain payments departed too drastically from the companies' past
practice to be considered ordinary. The judge imposed preference
liability on Jason's Foods for 11 invoices that he determined were
paid either too early or too late to be treated as
ordinary—specifically, invoices Sparrer Sausage paid within 14,
29, 31, 37, and 38 days of issuance. The district court affirmed
and Jason's Foods appealed.

A full-text copy of the Decision dated June 10, 2016 is available
at https://is.gd/mQsY6O from Leagle.com.

Sparrer Sausage Co. is a third-generation family business whose
brands include the Lil' Dudes line of sticks, bites and jerky. The
Company filed for Chapter 11 protection on Feb. 8, 2012 (Bankr.
N.D. Ill. Case No. 12-04289).  Judge Eugene R. Wedoff presides
over the case.  Forrest B. Lammiman, Esq., at Meltzer, Purtill &
Stelle LLC, represents the Debtor.  The Debtor estimated both
assets and debts of between $1 million and $10 million.


SPORTS AUTHORITY: Modell's, Sports Direct Didn't Bid on Stores
--------------------------------------------------------------
Peg Brickley and Lillian Rizzo, writing for The Wall Street
Journal, reported that the deadline for bids on Sports Authority
has passed without an offer from rival Modell's Sporting Goods and
British retailer Sports Direct International, people familiar with
the matter said.

According to the report, there will be an auction for the leases
and other remaining assets of the failed retailer, but there's
little to no hope of a deal that could save a significant piece of
the Sports Authority chain, which filed for bankruptcy protection
in March.

At one point, Modell's and Sports Direct were in talks about a bid
that could have saved 100 to 200 Sports Authority stores and the
jobs of thousands of employees, the report related, citing these
people.  That proposal shrunk over the past week, the people said,
and when bids were due on June 23, there was no bid from Modell's
and Sports Direct, the report further related.

So while either of the big sporting goods sellers could still make
a bid on Sports Authority's intellectual property, including its
online selling apparatus, the string of stores that stretched
across the U.S. will not survive the bankruptcy, the report added.

                     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. JAMES NURSING: VPH, et al., Claim Mismanagement, Want Trustee
-----------------------------------------------------------------
VPH Pharmacy, Inc., Reliance Pharmacy, Inc., Rajesh Patel and
Chiman Patel moved the U.S. Bankruptcy Court for the Eastern
District of Michigan to enter an order directing the appointment of
a Chapter 11 trustee for St. James Nursing & Physical
Rehabilitation Center, Inc.

"Movants seek the appointment of a Chapter 11 Trustee to assess the
operations of four operating, affiliated Debtors and to the extent
necessary, a fifth non-operational Debtor.  As is evident from the
pleadings filed in these five cases, as well as the pleadings that
three of them filed in their prior bankruptcies, these debtors have
been grossly mismanaged by insiders and affiliates for years.
Despite repeated management failures leading to severe -- and
increasing -- tax delinquencies and a total of eight chapter 11
petitions among them, the Debtors have failed and refused to seek
outside management or engage in a real process to address their
situations.  Instead, the plans are to transfer the bulk of the
assets to the same insider who has been mismanaging them for years.
This is precisely the circumstance in which appointment of a
chapter 11 trustee is necessary," Jerome D. Frank, Esq., at Frank &
Frank, PLLC, said.

Mr. Frank explained, "St. Anne's, St. Francis and St. Jude were
mismanaged into bankruptcy court back in 2012 by one of the
insiders, a company owned by B. Mali.  Of particular note, each of
these Debtors owed substantial sums to a number of taxing
authorities, leading to various garnishments and other actions.
After switching management to B. Mali's brother, R. Mali, these
Debtors and St. James continued to be mismanaged, incurring
additional tax delinquencies to the point of additional levies,
leading them back to bankruptcy court in 2015 and 2016.  Indeed, B.
Mali admits that each of St. Anne's, St. Francis and St. Jude "has
experienced unsustainable unprofitability," and St. James is
delinquent in paying taxes.  Appointment of a trustee is
appropriate where there are continuing operating losses, an
inability to make accurate projections, and an inability to proffer
a business plan."

Attorneys for Movants:

         Jerome D. Frank
         Matthew W. Frank
         FRANK & FRANK, PLLC
         30833 Northwestern Hwy., Suite 205
         Farmington Hills, MI 48334
         Tel: (248) 932-1440
         E-mail: jfrank@frankfirm.com

               - and -

         Patricia B. Fugee
         FISHERBROYLES, LLP
         27100 Oakmead Drive, #306
         Perrysburg, OH 43551
         Phone: (419) 874-6859
         Cell: (419) 351-0032
         E-mail: patricia.fugee@fisherbroyles.com

                      About St. James Nursing

St. James Nursing & Physical Rehabilitation Center Inc. sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. E.D.
Mich. Case No. 16-42333) on February 22, 2016.  The petition was
signed by Bradley Mali, president.

The Debtor is represented by Michael E. Baum, Esq., at Schafer and
Weiner, PLLC.  The case is assigned to Judge Phillip J. Shefferly.


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

St. James is wholly owned by MPMS St. James Acquisition, LLC ("MPMS
Holdings"), which is in turn, wholly owned by B. Mali.  St. James
operates, on leased property, a nursing care facility that is
managed by Mission Point.  The St. James leased property is owned
by MPMS St. James Real Estate Acquisition, LLC ("MPMS Real
Estate"), which is itself owned by MPMS Holdings.  

The Court is presiding over four additional related Debtors, all of
which are affiliates and insiders within the meaning of the
Bankruptcy Code:

  (a) Shanta Corporation d/b/a St. Anne's Convalescent Center,
filed for chapter 11 relief in the instance on March 23, 2015.  It
is indirectly wholly owned by Bradley J. Mali ("B. Mali"), and it
owns a skilled nursing facility.1 St. Anne's was, until last fall,
managed by Mission Point Management Services, LLC.  Mission Point
is owned by H. Roger Mali ("R. Mali"), B. Mali's brother.

  (b) Cadillac Nursing Home, Inc., d/b/a St. Francis Nursing
Center, filed a chapter 11 petition on Feb. 8, 2016, which was
assigned Case No. 16-41554.  St. Francis is wholly owned by Fusion
Holdings, LLC, which is in turn, owned by B. Mali.5 St. Francis,
which owns a skilled nursing care facility, is managed by Mission
Point, which B. Mali admits is owned by R. Mali.

  (c) St. Jude Nursing Center, Inc. filed a Chapter 11 petition on
Feb. 18, 2016 and was assigned Case No. 16-42116.  St. Jude is also
wholly owned by Fusion, and it too owns a skilled nursing care
facility managed by Mission Point.

  (d) MPMS St. James Real Estate Acquisition, LLC ("MPMS Real
Estate") filed a chapter 11 petition March 30, 2016, and was
assigned Case Number 16-44722 (the "MPMS Real Estate Case").

As manager of each of the nursing home debtors (excluding MPMS Real
Estate), Mission Point is responsible for, among other things,
patient billing, receivables collection, processing of payables,
accounting and bookkeeping, as well as Medicare and Medicaid audit
and reimbursement processing.

St. Anne's, St. Francis and St. Jude previously filed chapter 11
petitions on Feb. 22, 2012.


STARSHINE ACADEMY: BOKF Wants Stay Lifted to Foreclose Property
---------------------------------------------------------------
BOKF, NA, dba Bank of Arizona, as the Trustee under the Trust
Indenture between The Industrial Development Authority of the
County of Pima and BOKF, asks the U.S. Bankruptcy Court to lift the
automatic stay imposed in Starshine Academy's Chapter 11 case in
order to enforce its rights under a deed of trust in relation to
the real property located at 3535 E. McDowell Road, in Phoenix,
Arizona.

At the request of the Starshine Academy, for  purpose in financing
the acquisition, construction, operation and equipping of the
School, the Industrial Development Authority of the County of Pima
issued its Education Facility Revenue Bonds in the amount of
$12,700,000.  According to BOFK, the current balance due and owing
under the Bond Indebtedness exceeds $12,700,000, while the Real
Property's current market value is estimated to be not greater than
$5,000,000.

BOFK tells the Court that the Debtor has failed to make all the
required monthly payments under this loan agreement, causing the
bank's equity cushion in the real property and the Accounts to
diminish.  Accordingly, the bank's interest in the real property
and the Accounts is not adequately protected.  Additionally, this
real property is currently being used as a charter school and is
not generating sufficient income to pay the bank or creditors of
this estate, BOFK asserts.  Consequently, the Debtor cannot process
an effective reorganization within a reasonable time, BOFK further
assets.

In response, the Debtor maintains that without the real property,
it would not have a location for the charter school and would be
forced to close.  The Debtor says it is utilizing the cash revenues
at the charter school and asserts that in the very near future, it
will be able to continue to pay required operating expenses as
delineated in the Stipulated Order and to make adequate protection
payments to Movant.

Rich Rose, the Chief Financial Officer of the Debtor, says that the
Debtor's real property is comprised of approximately 3-1/3 acres at
3535 E. McDowell Road valued at $4,000,000 and a $200,000 of real
property approximately 1 acre at 35th Street and McDowell Road.

Starshine Academy is represented by:

       Donald W. Powell, Esq.
       CARMICHAEL & POWELL, P.C.
       7301 North 16th Street, Ste. 103
       Phoenix, Arizona 85020-5297
       Telephone: (602) 861-0777
       Email: d.powell@cplawfirm.com

Attorneys for Trustee BOFK, N.A. dba Bank of Arizona:

       David Wm. Engelman, Esq.
       Patrick A. Clisham, Esq.
       ENGELMAN BERGER, P.C.
       3636 North Central Avenue, Suite 700
       Phoenix, Arizona 85012
       Telephone: (602) 271-9090
       Facsimile: (602) 222-4999
       Email: dwe@eblawyers.com
              pac@eblawyers.com

           About Starshine Academy

Starshine Academy, dba Starshine Academy Schools, filed a Chapter
11 bankruptcy petition (Bankr. D. Ariz. Case No. 16-01803) on Feb.
26, 2016.  Patricia A. McCarty, the president, signed the
petition.

The Debtor estimated both assets and liabilities in the range of
$10 million to $50 million.  Carmichael & Powell, P.C. represents
the Debtor as counsel.  Judge Scott H. Gan is assigned to the case.


STARSHINE ACADEMY: KS StateBank Seeks Adequate Protection
---------------------------------------------------------
KS StateBank asks the U.S. Bankruptcy Court to lift the automatic
stay imposed in Starshine Academy's Chapter 11 case so that it can
pursue its remedies available under an equipment finance
agreement.

KS StateBank asserts that its interest in the collateral -- some
280 laptops and related equipment securing the Debtor's obligations
under the Equipment Finance Agreement -- is not adequately
protected because the Debtor is currently delinquent on 10 monthly
payments of $2,950.46 due and owing to KS StateBank and the
collateral has continued to depreciate in value.  Because the
automatic stay prevents KS StateBank from repossessing the
collateral, and because the Debtor has failed to make any of the
last 10 monthly payments, KS StateBank believes its interest is not
adequately protected.

Attorneys for Creditor KS StateBank:

       Steven R. Schneider, Esq.
       BUCHALTER NEMER, A PROFESSIONAL CORPORATION
       16435 North Scottsdale Road, Suite 440
       Scottsdale, AZ 85254-1754
       Telephone: (480) 383-1800
       Facsimile: (480) 824-9400
       Email: sschneider@buchalter.com

             About Starshine Academy

Starshine Academy, dba Starshine Academy Schools, filed a Chapter
11 bankruptcy petition (Bankr. D. Ariz. Case No. 16-01803) on Feb.
26, 2016.  Patricia A. McCarty, the president, signed the
petition.

The Debtor estimated both assets and liabilities in the range of
$10 million to $50 million.  Carmichael & Powell, P.C. represents
the Debtor as counsel.  Judge Scott H. Gan is assigned to the case.


SUNEDISON INC: Appoint New Leadership of Finance Team
-----------------------------------------------------
SunEdison, Inc., on June 28, 2016, disclosed that it has appointed
new leadership of its finance team, including Philip J. Gund, as
Chief Financial Officer and Salvatore LoBiondo, Jr., as SVP,
Corporate Controller, enhancing the Company's financial operations
as the Company moves through the chapter 11 process.

Both individuals are experienced restructuring executives and
Senior Managing Directors with Ankura Consulting Group, LLC, a
business advisory and expert services firm.  Their appointments are
effective immediately.  

Mr. Gund is a Senior Managing Director of Ankura Consulting Group,
with more than 30 years of professional experience, including 26
years working with debtor companies, their creditors, investors,
and court-appointed officials.  He recently served as Chief
Restructuring Officer at Vivaro Corporation, one of the largest
pre-paid phone card companies, and as Advisor to Infrastructure and
Energy Alternatives, LLC, an alternative energy construction
company.  Mr. Gund was a Founding Principal of Marotta Gund Budd &
Dzera, LLC, which Ankura Consulting Group acquired in 2016.  Prior
to forming MGBD, Mr. Gund served as a Principal at Zolfo Cooper,
LLC.  He received a Bachelor in Business Administration from Pace
University and is a certified public accountant and certified
insolvency and restructuring advisor.

Mr. LoBiondo is a Senior Managing Director of Ankura Consulting
Group and has led complex restructurings with experience across
diverse industries, often working in advisory and interim
management roles, including Responsible Officer of LeNature's, a
beverage company, Chief Executive Officer of Friedman's Jewelers,
Interim Controller of MicroWarehouse, Inc., and Advisor to the
Official Committee of Unsecured Creditors of Mirant America
Generating Inc., an energy producer.  He previously was a Senior
Managing Director at Marotta Gund Budd & Dzera, LLC.  Prior to that
role, he was a Managing Director at Zolfo Cooper, LLC.  He received
a Bachelor of Science from Villanova University and is a certified
insolvency and restructuring advisor.

The Company's prior Chief Financial Officer designee, Ilan Daskal,
resigned from SunEdison on June 27, 2016.  The Controller position
has been open since the Company's commencement of the chapter 11
process.  Both appointments follow last week's naming of John S.
Dubel as SunEdison's Chief Executive Officer.  

                       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.


SYCAMORE INVESTMENTS: Disclosure Statement Hearing Set for July 27
------------------------------------------------------------------
Bankruptcy Judge A. Jay Cristol in Miami, Florida, moved to July
27, 2016, at 10:30 a.m. the hearing to consider approval of the
disclosure statement explaining Sycamore Investments Group-Olympiad
LLC's Plan of Reorganization.

The deadline for service of the Disclosure Statement, Plan and
Order is June 27.

The deadline for objections to the Disclosure Statement is July
20.

The Plan and Disclosure statement were filed May 20, 2016.

Sycamore Investment Group-Olympiad, LLC sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. S.D. Fla. Case No.
16-11720) on February 5, 2016. The petition was signed by Peter S.
Pessoa, authorized officer.  

The Debtor is represented by Paul J. Battista, Esq., at Genovese
Joblove & Battista, P.A. The case is assigned to Judge Jay A.
Cristol.  

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


TENKORIS LLC: Case Summary & 7 Unsecured Creditors
--------------------------------------------------
Debtor: Tenkoris, LLC
           dba Guardian Wholesale
           dba Guradian Biosciences
        1607 W. Whispering Wind Drive
        Phoenix, AZ 85085

Case No.: 16-07290

Chapter 11 Petition Date: June 27, 2016

Court: United States Bankruptcy Court
       District of Arizona (Phoenix)

Debtor's Counsel: Pernell W. McGuire, Esq.
                  DAVIS MILES MCGUIRE GARDNER, PLLC
                  40 E Rio Salado Parkway, Ste 425
                  Tempe, AZ 85281
                  Tel: 480-733-6800
                  Fax: 480-733-3748
                  E-mail: pmcguire@davismiles.com
                         azbankruptcy@davismiles.com

Total Assets: $305,855

Total Liabilities: $1.02 million

The petition was signed by Ken Olcher, managing member.

A list of the Debtor's seven largest unsecured creditors is
available for free at http://bankrupt.com/misc/azb16-07290.pdf


WARREN RESOURCES: Taps Deloitte Transactions as Financial Advisor
-----------------------------------------------------------------
Warren Resources, Inc., et al., seek permission from the U.S.
Bankruptcy Court for the Southern District of Texas to employ
Deloitte Transactions and Business Analytics LLP as financial
advisor to the Debtors nunc pro tunc to the Petition Date.

A hearing on the request is set for July 13, 2016, at 9:30 a.m.

DTBA will provide these services:

     a. assisting the Debtors with the development of a creditors'

        matrix;

     b. assisting the Debtors with preparation of the Statements
        of Financial Affairs;

     c. assisting the Debtors with preparation of the Schedules of

        Assets and Liabilities;

     d. assisting the Debtors with preparation of monthly
        operating reports;

     e. assisting with the Debtors with processing of claims filed

        in the cases;

     f. assisting the Debtors with the development of cash control

        procedures and ledger and accounts payable cutoff
        procedures; and

     g. assisting the Debtors in planning for and implementing
        financial reporting requirements during the cases.

DTBA will be paid at these hourly rates:

        Partner/Principal                        $625–$695
        Director                                 $525–$625
        Sr. Manager/Sr. Vice President           $465–$495
        Manager/Vice President                   $425–$450
        Associate/Sr. Associate                  $375–$395

Prior to the Petition Date, DTBA was paid approximately $601,439
including a retainer of $100,000.  As of the Petition Date,
approximately $59,000 of the retainer remained.

Anthony J. Jackson, Esq., a principal with DTBA, assures the Court
that DTBA and the DTBA Engagement Principals/Directors do not hold
or represent any interest adverse to the Debtor, and I believe that
DTBA and the DTBA Engagement Principals/Directors are disinterested
persons as that term is defined in Section 101(14) of the
Bankruptcy Code, as modified by Section 1107(b) of the Bankruptcy
Code.

It is DTBA's policy to charge its clients for all additional
expenses incurred in connection with the client's engagement.  The
expenses charged to clients include, among other things, travel,
delivery services, photocopying, and other costs incurred in
providing services.  In addition, DTBA will be compensated 50% of
the above hourly rates for all non-working travel time incurred by
its personnel related to this engagement.  DTBA will charge the
Debtors for these expenses in a manner and at rates consistent with
charges made generally to DTBA's other clients and consistent with
applicable U.S. Trustee guidelines.

The firm may be reached at:

     Anthony J. Jackson
     Deloitte Transactions and Business Analytics LLP
     2200 Ross Avenue, Suite 1600
     Dallas, TX 75201
     Tel: (214) 632-6658
     E-mail: antjackson@deloitte.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.

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 listed total
assets of $230 million and total debt of $545 million.

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.


WAYZATA-ROCHESTER: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: Wayzata-Rochester 16 Hospitality Associates, LLC
        c/o Robert S. Snyder
        1513 Bay Ridge Road
        Wayzata, MN 55391

Case No.: 16-32038

Chapter 11 Petition Date: June 27, 2016

Court: United States Bankruptcy Court
       District of Minnesota (St Paul)

Judge: Hon. William J Fisher

Debtor's Counsel: Steven B Nosek, Esq.
                  STEVEN NOSEK, P.A.
                  2855 Anthony Ln S, Ste 201
                  St Anthony, MN 55418
                  Tel: 612-335-9171
                  E-mail: snosek@noseklawfirm.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Robert S. Snyder, manager.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/mnb16-32038.pdf


WEST COAST WAREHOUSE: Taps Baker & Giles as Accountant
------------------------------------------------------
West Coast Warehouse & Logistics, Inc. seeks approval from the U.S.
Bankruptcy Court for the Eastern District of Washington to hire
Baker & Giles P.S.

The Debtor tapped the firm to provide accounting services in
connection with its Chapter 11 case.

Dan Boyd of Baker & Giles will be primarily responsible for
providing the services.  He will be paid $140 per hour.  Other
professionals of the firm will be paid at these hourly rates:

     Certified Public Accountants    $132
     Accountants                      $76
     Paraprofessionals                $60

Mr. Boyd disclosed in a court filing that the firm does not hold or
represent any interests adverse to the Debtor's estate.

The firm can be reached through:

     Dan Boyd
     Baker & Giles P.S.
     10110 Chapel Hill Blvd.
     Pasco, WA 99301
     Phone: (509) 547-0544

                        About West Coast Warehouse

West Coast Warehouse & Logistics, Inc. sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. E.D. Wash. Case No.
16-01218) on April 14, 2016.  The Debtor is represented by Robert
McMillen, Esq., at Telquist Ziobro McMillen.


WESTECH CAPITAL: Parties Agree to Delay Hearing on Trustee Motion
-----------------------------------------------------------------
Westech Capital Corp. seeks a continuance of the hearing on the
application of Eric Steinhofel, Robert Clement, Rick Shottenfeld,
and Arch Aplin to appoint a chapter 11 trustee.

The parties have conferred and have agreed that a continuance of a
hearing on the Motion until after the exclusive period for the
Debtor to file a plan under 11 U.S.C. Sec. 1121(b) expires and the
deadline for filing proofs of claims occurs would be a more
efficient use of the parties' and the estates' resources than going
forward with the currently set hearing.  The parties have agreed to
certain protective measures during the period of the continuance to
avoid prejudice to any party and seek the entry an order
incorporating those agreements.

The Debtor seeks the entry of an order on an emergency basis
because there are witnessed traveling from New York for the hearing
and also because the sooner this motion is considered, the sooner
the parties can stop incurring the costs of preparing for the
hearing.

The Debtor's exclusive period to file a plan under 11 U.S.C. Sec.
1121(b) expires on July 12, 2016. The deadline for filing proofs of
claims is July 18, 2016.

Due to conflicting schedules of the parties, the parties are
requesting that the hearing be reset on or after July 25, 2016 and,
in any event, at least two weeks before any hearing on a Disclosure
Statement.  Counsel for the parties have agreed to work together in
good faith to reschedule the hearing on the earliest available date
on the court's docket after July 25, 2016.

CEO Gary Salamone stopped drawing his salary after the current
board of directors was elected on May 6, 2016.  The Debtor has
agreed that Mr. Salamone will not draw a salary during the period
that the hearing is continued.

The parties have agreed that they will not conduct any discovery on
the Motion or on the Joinder filed by John Gorman during the period
of this continuance.

The Debtor has agreed to the appointment of a trustee if it does
not file a plan on or before July 12, 2016.

Eric Steinhafel, and three other equity security holders of Westech
Capital Corp., on April 21, 2016, filed a motion for the
appointment of a Chapter 11 trustee for debtor Westech Capital.
Among other things, the Movants claimed that there is cause,
including fraud, dishonesty, incompetence, and gross mismanagement
of the affairs of Debtor before and after the commencement of the
case, or similar cause.

Attorneys for Eric Steinhafel, Robert Clement, Rick Schottenfeld,
and Arch Aplin:

         B. Russell Horton
         D. Douglas Brothers
         GEORGE BROTHERS KINCAID & HORTON, LLP
         114 West 7th Street, Suite 1100
         Austin, Texas 78701
         Tel: 512-495-1400
         Fax: 512-499-0094
         E-mail: rhorton@gbkh.com
                 dbrothers@gbkh.com

                       About Westech Capital

Westech Capital Corp (WTEC:OTC US) is a financial services holding
company.  Its primary business operating subsidiary is Tejas
Securities Group, Inc.

Westech Capital Corp., fka Tejas, Inc., filed for Chapter 11
bankruptcy (Bankr. W.D. Tex. Case No. 16-10300) on March 14, 2016.
The petition was signed by Gary Salamone, CEO.

Westech estimated $1 million to $10 million in both assets and
liabilities.

Stephen A. Roberts, Esq., at Strasburger & Price, serves as
counsel.


WESTERN HIPERBARIC: Taps Justiniano's Law Office as Counsel
-----------------------------------------------------------
Western Hiperbaric Services, P.S.C. seeks approval from the U.S.
Bankruptcy Court for the District of Puerto Rico to hire
Justiniano's Law Office as its legal counsel.

The Debtor tapped the firm to provide these services in connection
with its Chapter 11 case:

     (a) examine documents and information needed to prepare the
         Debtor's schedules and financial affairs;

     (b) prepare Chapter 11 plan and disclosure statement;

     (c) prepare legal papers;

     (d) identify and prosecute claims and causes of action on  
         behalf of the Debtor;

     (e) examine proofs of claim filed in the Debtor's case;

     (f) advise the Debtor and prepare documents in connection
         with the operation of its business; and

     (g) advise the Debtor and prepare documents in connection
         with the liquidation of its assets.

Gloria Justiniano Irizarry, Esq., the attorney primarily
responsible for representing the Debtor, will be paid $200 per hour
for her services.  The firm's associates and paralegals will be
paid $125 per hour and $50 per hour, respectively.

Ms. Irizarry disclosed in a court filing that her firm is a
"disinterested person" as defined in section 101(14) of the
Bankruptcy Code.

The firm can be reached through:

     Gloria Justiniano Irizarry
     Justiniano's Law Office
     Ensanche Martinez
     8 Ramirez Silva
     Mayaguez, PR 00680-4714
     Tel: (787) 222-9272
     Fax: (787) 805-7350
     Email: justinianolaw@gmail.com

                        About Western Hiperbaric

Western Hiperbaric Services, P.S.C. sought protection under Chapter
11 of the Bankruptcy Code (Bankr. D.P.R. Case No. 16-04809) on June
16, 2016.


WESTERN HIPERBARIC: U.S. Trustee to Appoint Patient Care Ombudsman
------------------------------------------------------------------
U.S. Bankruptcy Judge Edward A. Godoy has signed off an order
directing the U.S. Trustee to appoint a Patient Care Ombudsman for
the Chapter 11 case of Western Hiperbaric Services, P.S.C.

Western Hiperbaric Services, P.S.C., filed a Chapter 11 petition
(Bankr. P.R. Case No. 16-04809) on June 16, 2016.


WILLIAMS COS: Fitch Still on Watch Neg. After Unfavorable Ruling
----------------------------------------------------------------
On Friday, June 24, a Delaware judge ruled that Energy Transfer
Equity, L.P. (ETE; Issue Default Rating [IDR] 'BB'/Stable Outlook)
had the right to terminate its merger with The Williams Companies,
Inc. (WMB; IDR 'BB+'; Rating Watch Negative). The ruling can be
appealed and Fitch Ratings anticipates that WMB will file for an
appeal. The merger agreement terminates at midnight on June 28,
2016.

WMB sought to compel ETE to proceed with the acquisition of WMB as
agreed upon in September 2015. In order for the merger to close,
one of the conditions precedent was that ETE's counsel, Latham &
Watkins, was to deliver a 721(a) tax opinion which would state that
the merger 'should' qualify as a tax-free event under Internal
Revenue Code 721. ETE argued that the transaction would likely
result in a taxable event, something that was not discovered until
March 2016. Once that occurred, Latham & Watkins stated it would be
unable to deliver a 721(a) tax opinion. The judge has stated that
Latham & Watkins acted in 'good faith' when it announced that it
could not deliver the tax opinion and, therefore, one of the
conditions to close the merger could not be met. WMB has the right
to appeal Friday's decision and bring the legal battle before the
Delaware Supreme Court.

Meanwhile, the WMB shareholder vote for the merger occurred and
Fitch expects the majority of shareholders to vote in favor of the
ETE acquisition.

Fitch plans to resolve WMB's Rating Watch if and when it becomes
evident that the merger is not going to occur (e.g. if WMB does not
pursue an appeal of Friday's ruling or if the ruling from an
expected appeal is not in WMB's favor). At that juncture, Fitch
would assess WMB's ratings on a standalone basis with the
understanding that WMB intends to cut or eliminate dividends as
early as third-quarter 20016 (3Q16) to improve the balance sheet.
However, Fitch notes that the ultimate magnitude and duration of a
potential dividend reduction are unknown. WMB's cash flows are
reliant on distributions from its master limited partnership,
Williams Partners, LP (WPZ; IDR 'BBB-'/Stable Outlook). Fitch would
expect to maintain at least a one-notch separation between the
general partner, WMB, and its limited partner, WPZ. The one-notch
separation is based on WMB's cash flows from WPZ distributions to
its standalone debt, which has historically been low. At the end of
2015, WMB's standalone debt of $4.8 billion to its $1.9 billion of
distributions was 2.6x.

The other scenario that would resolve the Rating Watch would be if
WMB is successful with a potential appeal and the merger with ETE
occurs. In that situation, the Rating Watch would be resolved at or
near the close of the merger. In this case, WMB's IDR would be
equalized with ETE's which is currently 'BB'. WMB's senior
unsecured rating is now 'BB+' and it would likely be rated the same
as the IDR at 'BB'.

Fitch currently rates WMB as follows:

The Williams Companies, Inc.
-- Long-Term Issuer Default Rating 'BB+';
-- Senior unsecured notes at 'BB+'/Recovery Rating 'RR4';
-- Junior subordinated notes at 'BB-'/'RR4'.

The ratings are on Rating Watch Negative.


WINDMILL RUN ASSOCIATES: Fannie Mae Loses Bid to Dismiss Suit
-------------------------------------------------------------
Judge Letitia Z. Paul of the United States Bankruptcy Court for the
Southern District of Texas, Galveston Division, denied the motion
to dismiss and for summary judgment as to the claims for relief for
avoidance and recovery of a preference, and disallowance of Fannie
Mae's proof of claim in the case captioned WINDMILL RUN ASSOCIATES,
LTD., Plaintiff, v. FEDERAL NATIONAL MORTGAGE ASSOCIATION, ET AL.,
Defendant, Adversary No. 15-8013 (Bankr. S.D. Tex.).

In the complaint, the Debtor asserts the existence of a recoverable
preference.  Section 547(b)(5) of the Bankruptcy Code requires as
an element of a preference that the creditor receive more than it
would receive in a hypothetical case under Chapter 7.  The Debtor
has estimated, in its disclosure statement, that Fannie Mae would
receive less than 100 percent of its claim in a liquidation under
Chapter 7.  There appears to be a genuine issue of material fact as
to whether Fannie Mae received more than it would have received in
a hypothetical case under Chapter 7.4 The claim in the complaint
for disallowance of Fannie Mae's claim also flows from the alleged
preference.

A full-text copy of the Memorandum Opinion dated June 15, 2016 is
available at https://is.gd/WbdrTD from Leagle.com.

The bankruptcy case is IN RE WINDMILL RUN ASSOCIATES, LTD., Debtor,
Case No. 15-80319-G3-11 (Bankr. S.D. Tex.).

Windmill Run Associates, Ltd., Plaintiff, is represented by Annie E
Catmull, Esq. -- catmull@hooverslovacek.com -- Hoover Slovacek LLP,
Edward L Rothberg, Esq. -- rothberg@hooverslovacek.com -- Hoover
Slovacek, LLP.

Federal National Mortgage Association, Defendant, is represented by
Glenn A. Ballard, Esq. -- glenn.ballard@dentons.com -- Dentons US
LLP.

Oak Grove Commercial Mortgage, Defendant, is represented by Brian A
Kilmer, Esq. -- bkilmer@kcw-lawfirm.com -- Kilmer Crosby & Walker
PLLC, Shannon A.S. Quadros, Esq. -- squadros@kcw-lawfirm.com --
Kilmer Crosby & Walker PLLC.


ZAK HOLDINGS: Largest Creditor Wants Trustee to Take Over
---------------------------------------------------------
Creditor SL Dixie Street, LLC, on June 23, 2016, filed with the
U.S. Bankruptcy Court for the Northern District of Georgia a motion
seeking the appointment of a chapter 11 trustee in the case of ZAK
Holdings, LLC, pursuant to 11 U.S.C. Sec. 1104.

The Court will hold a hearing on the Motion in Courtroom 1203,
United States Courthouse, 75 Ted Turner Drive, S.W., Atlanta,
Georgia, at 10:00 a.m. on July 7, 2016.

SLDS, the creditor holding the largest claim in the case, moves for
an order of the Court directing the appointment of a chapter 11
trustee due to the incompetence and gross mismanagement of Debtor's
current management.

David A. Geiger, Esq., at Geiger Law, LLC, asserts that the facts
supporting the appointment of a trustee in this case include, in
summary:

    a. The unexplained failure of Debtor to collect full rent from
its insider tenant for every single month during the course of this
case (rent due equals $23,000/month, but Debtor is only collecting
$10,000; with no rent at all collected for November 2015 (first
full post-petition month));

    b. The Debtor's filing of misleading monthly operating reports
("MORs"), which fail disclose or account for the rent
discrepancies;

    c. At least one unauthorized post-petition transfer of $10,000
of SLDS' cash collateral from Debtor's DIP bank account to its
insider tenant, which money was only returned to Debtor
approximately 6 weeks later; and

    d. SLDS, the largest creditor, justifiably has lost confidence
in Debtor's management's ability to act in the best interests of
the Estate and its creditors, based on the foregoing and Debtor's
management's conflicts of interest.

Attorney for SL Dixie Street, LLC, and ARS Marcy Street, LLC:

         David A. Geiger
         GEIGER LAW, LLC
         1275 Peachtree Street, N.E., Suite 525
         Atlanta, Georgia 30309
         Tel: (404) 815-0400
         Fax: (404) 549-4312
         E-mail: david@geigerlawllc.com

                        About ZAK Holdings

ZAK Holdings, LLC, a Single Asset Real Estate, owns a commercial
real property located at 1240 Euclid Avenue, NE, Atlanta, Georgia.
The Debtor owns no other substantial assets.  The Debtor's sole
business consists of leasing the Property to International
Montessori Academy, LLC.  The Academy operates a school on the
Property.  Zakiatu Swaray-Rowe is the 100% owner, member and
manager of the Debtor.  Ms. Swaray-Rowe is also the sole member and
manager of the Academy, Debtor’s sole tenant.

ZAK Holdings filed a Chapter 11 petition (Bankr. N.D. Ga. Case No.
15-70741) on Oct. 29, 2015.  Hon. Ray C. Mullins presides over the
case.  In its petition, the Debtor listed under $50,000 in assets
and $1 million to $10 million in liabilities.  The petition was
signed by Zakiatu Swaray-Rowe, member and manager.


ZEKE'S WORLD: Case Summary & 6 Unsecured Creditors
--------------------------------------------------
Debtor: Zeke's World, LLC
           aka World Gym
        107 67th Street
        Ocean City, MD 21842

Case No.: 16-18635

Chapter 11 Petition Date: June 27, 2016

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

Debtor's Counsel: John Douglas Burns, Esq.
                  THE BURNS LAWFIRM, LLC
                  6303 Ivy Lane, Ste. 102
                  Greenbelt, MD 20770
                  Tel: (301) 441-8780
                  E-mail: ecf@burnsbankruptcyfirm.com

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

Estimated Liabilities: $1 million to $10 million

The petition was signed by Byron L. Brooks, managing member.

A list of the Debtor's six largest unsecured creditors is available
for free at http://bankrupt.com/misc/mdb16-18635.pdf


[*] Insolvencies Up Sharply in Canada's Oil-Producing Provinces
---------------------------------------------------------------
The pressure of job losses in regions where oil and gas is produced
continues to drive consumer insolvencies sharply higher.

The end of a period of rising consumer proposals and bankruptcy
filings is not yet in sight, according to the Canadian Association
of Insolvency and Restructuring Professionals (CAIRP).

The number of bankruptcies and consumer proposals in Alberta,
Saskatchewan, and Newfoundland and Labrador all rose significantly
in March while falling in many other provinces, as reported by the
Office of the Superintendent of Bankruptcy (OSB).

In Alberta, where the bulk of Canadian oil and gas is produced, the
total number of consumer insolvencies filed in March 2016 was 43.6
per cent higher than in the same month a year before. In
Saskatchewan, insolvencies were 22.2 per cent higher this past
March than a year earlier and Newfoundland and Labrador, which not
only has its own oil and gas industry but is home to many workers
who travel to the western provinces, saw a rise of 46.8 per cent.

Meanwhile, total insolvency filings in Canada for the 12 months
ended March 31, 2016 were up only 2.8 per cent and were basically
flat in Ontario, Quebec and British Columbia.

"This is consistent with the experience in the last few months
where the provinces faced with declines in employment income due to
the drop in oil prices are hardest hit and, not surprisingly, have
the largest increase in insolvency filings", Ian Schofield, CAIRP
Board Secretary and a Saskatchewan Licensed Insolvency Trustee.

Canada's energy sector employed about 300,000 workers in 2014,
according to Natural Resources Canada. But the petroleum industry
has lost an estimated 40,000 jobs over the past two years, and such
massive cuts inevitably have left some laid-off workers without the
means to make monthly payments. When an industry loses jobs in an
economy that doesn't have a lot of diversity, insolvencies rise.

"It is interesting to note that bankruptcy filings increased faster
than proposal filings on a month-over-month basis in March," Mr.
Schofield said.

"This may indicate a trend where more people have no choice but to
file bankruptcies as their incomes have dropped to the point that
they do not have enough to file proposals – an option that might
have been available when incomes were higher."

"Canadians who find themselves in serious financial difficulty
should first visit a Licensed Insolvency Trustee to get thorough
professional advice", says CAIRP President and Chief Operating
Officer Mark Yakabuski.

"Licensed Insolvency Trustees (LIT) are the only professionals
licensed by the OSB to administer insolvency proceedings.  They are
professionals who can arrange for a stay of most creditor actions,
and can provide Canadian consumers with advice on all of their debt
repayment options."

CAIRP is the national association that represents nearly 1,500
Licensed Insolvency Trustees and associates. CAIRP is committed to
providing consumers with better information about the options
offered by Licensed Insolvency Trustees to assist consumers and
businesses when they are insolvent, and to clearly distinguish our
members from unlicensed service providers.


[*] Lenient Bankruptcy Laws Encourage Promising Entrepreneurs
-------------------------------------------------------------
The next time government regulators need a tool to spur startup
creation, they might want to look past the typical tax, regulatory
or other financial incentives, and instead look into loosening the
rules of bankruptcy.

A new study --
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1982819-- has
found that more lenient bankruptcy laws, which have long been known
to encourage startup creation, in fact serve to encourage the very
types of entrepreneurs most likely to create successful ventures
over time: those who graduated from top 10 universities and have
significant "human and social capital".

The study, conditionally accepted for publication in Organization
Science, was conducted by Robert N. Eberhart, assistant professor
of management at Santa Clara University; Charles E. Eesley,
assistant professor of management science and engineering at
Stanford University; and Kathleen Eisenhardt, Stanford W. Ascherman
M.D. Professor and Co-Director of the Stanford Technology Ventures
Program.

"Entrepreneurship is inherently risky," says Mr. Eberhart.  "We
have found that if government can reduce that risk, potentially
successful entrepreneurs are more motivated to found firms and to
pursue riskier but more lucrative opportunities.  And we found that
motivating the right individuals is more important than motivating
more entrepreneurs."

The authors studied the effects of significant changes to Japan's
bankruptcy laws in 2003, and the impact of those changes on
entrepreneurs.  Prior to these changes, Japan's bankruptcy laws
were among some of the most stringent in the world.  The
researchers examined about 20,000 Japanese firms, and supplemented
this analysis with qualitative data from interviews conducted with
entrepreneurs, investors, government officials, and a corporate
bankruptcy attorney.

The researchers found that more lenient bankruptcy laws in Japan
eased the social and regulatory consequences of closing a firm and
encouraged promising entrepreneurs to declare bankruptcy more often
than others, which led them to create more firms, with
progressively improved performance.  The group of promising
entrepreneurs studied graduated from the top 10 universities in
Japan.

"This study shows that those with the most to lose from a risky
startup -- a top employee at a high-paying tech firm, for instance
-- need the reassurance that they won't be exposed to huge personal
losses after their first failed startup," said Mr. Eberhart.  "Once
the cost of failure was reduced, it unleashed high-caliber human
and social capital, and allowed those who had learned from one
failure to quickly 'recycle' their knowledge into new, successful
ventures."


[*] Ohio's New Foreclosure Law to Spur Online Bankruptcy Auctions
-----------------------------------------------------------------
When the six-unit apartment building in Cambridge, Ohio, sold in a
bankruptcy auction last week, the buyer was sitting in a hospital
waiting room 80 miles away, in Columbus, Ohio.  The runner-up was
in Los Angeles.  And Ohio auctioneer Rich Kruse was celebrating in
the Columbus office of Gryphon Auction Group.

It's a scene that Mr. Kruse predicts will become far more common
with the passage of Ohio's new bill streamlining foreclosure rules
and procedures.

"The new foreclosure law, as outlined in Ohio House Bill 390, is
really going to improve the process, and we'll see a lot more
online auctions, which can often be set up more quickly, cost less
to run, and often get better results than live auctions. I wouldn't
be surprised if most foreclosure auctions are conducted online
someday," said Mr. Kruse, who has been selling assets in online
auctions since 1999.

"The Cambridge auction is a good example. It's a bankruptcy case,
but works the same way as a foreclosure. The online format resulted
in a price that was $20,000 higher than a live auction would have
likely brought. The bidders who could have attended a live auction
stopped at $150,000. Fortunately, we didn't have that limitation,"
he said.

The new law is waiting for Governor John Kasich's signature.  "All
indications are that the governor will sign it. Foreclosure
auctions in Ohio are about to get a lot easier and faster," said
Mr. Kruse.

Individuals seeking information may visit www.GryphonUSA.com or
call 614-885-0020.

Gryphon USA, Ltd. is a multi-faceted asset management and
liquidation firm focusing on the operations and dissolution of
single assets through and including entire companies. Gryphon
maintains a receivership and asset management group, commercial
asset and real estate auction practice, and a real estate brokerage
group.  Traditional real estate transactions are managed in
conjunction with Borror Properties Real Estate.


                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

                            *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.  
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman,
Editors.

Copyright 2016.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
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The TCR subscription rate is $975 for 6 months delivered via
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are $25 each.  For subscription information, contact Peter A.
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                   *** End of Transmission ***