TCR_Public/160713.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, July 13, 2016, Vol. 20, No. 195

                            Headlines

2490 US 1: Case Summary & 20 Largest Unsecured Creditors
ACRISURE LLC: Moody's Affirms B3 Corporate Family Rating
ALLIANT HOLDINGS: S&P Assigns 'B' Rating on $280MM Term Loan
ALPHA NATURAL: Bankruptcy Court Confirms Reorganization Plan
ALPHA NATURAL: Has Bankruptcy Deal With U.S. Government

AMERICAN HOSPICE: Exclusive Plan Filing Deadline Moved to Nov. 13
AMERICAN MANAGED CARE: Ch. 11 Trustee Wins Partial Summary Judgment
ARCH COAL: Plan Confirmation Hearing Scheduled for Sept. 13
ARIA ENERGY: S&P Affirms 'B-' CCR, Off CreditWatch Negative
BIND THERAPEUTICS: Selling Assets to Pfizer for $19.8M

C&J ENERGY: Enters Into Restructuring Support Agreement
C&J ENERGY: Has Restructuring Support Agreement with Key Creditors
CAESARS ENTERTAINMENT: Mediation Continues, With Warning From Judge
CAPITAL INVESTMENTS: Maryland, Virginia Properties Sale Approved
CAPITOL LAKES: Court Confirms 5th Amended Plan

CHINA FISHERY: Fitch Lowers IDR to 'D' on Chap. 11 Filing
CHRISTL TREPTOW: Unsecured Creditors to Get 12% Under Plan
CLARK CUTLER: Taps Conway MacKenzie as Investment Banker
CLAYTON GENERAL: Hires Alvarez & Marsal as Litigation Consultant
CLOUD CRANE: S&P Assigns 'B' Corp. Credit Rating, Outlook Stable

CONSTELLATION ENTERPRISES: Additional $5.5M Borrowing Approved
CONSTELLATION ENTERPRISES: Aug. 9 Auction Scheduled
CONSTELLATION ENTERPRISES: Panel Taps CBIZ as Financial Advisor
CONSTELLATION ENTERPRISES: Schedules of Assets & Debts Filed
COSHOCTON HOSPITAL: Premier Anesthesia Appointed to Committee

COTIVITI CORP: Moody's Raises CFR to B1, Outlook Remains Stable
CST BRANDS: S&P Affirms 'BB' CCR & Revises CreditWatch to Dev.
CURTIS JAMES JACKSON: Judge Approves Ch. 11 Plan
D & C ENTERPRISES: Case Summary & 16 Largest Unsecured Creditors
DBSI INC: Court Denies Trustee's Bid to Enforce Settlement

DENTAL PLUS: Voluntary Chapter 11 Case Summary
ENERGY XXI: Committee Taps SSG, Chiron as Financial Advisors
ENLINK MIDSTREAM: Moody's Rates New $400MM Sr. Unsec. Notes Ba2
ESP RESOURCES: Proposes to Hire TST's Charles Johnson as CRO
EXTRACTION OIL: Moody's Assigns B3 CFR, Rates New $500MM Notes Caa1

EXTRACTION OIL: S&P Assigns 'B-' CCR & Rates $500MM Notes 'B-'
FINTON CONSTRUCTION: Seeks to Hire Merrill PA as Legal Counsel
FIREBALL ENTERPRISES: Seeks to Hire Harold Davis as Accountant
FOODSERVICEWAREHOUSE: $7M of Inventory Sale Approved
GAWKER MEDIA: Auction Can Proceed on Extended Timeline

GAWKER MEDIA: Hulk Hogan Objects to CEO's Bankruptcy Shield
GENERAL PRODUCTS: Hires Miller Johnson as Counsel
GENESEE & WYOMING: S&P Revises Outlook to Neg. & Affirms 'BB' CCR
GRATON ECONOMIC: Moody's Raises CFR to B1, Outlook Stable
HERCULES OFFSHORE: Court Enforces Automatic Stay Provisions

HERCULES OFFSHORE: Seeks to Set $47-Mil. Disputed Claims Reserve
INTERNATIONAL WIRE: Moody's Affirms B2 CFR & Rates $250MM Notes B3
INTERNATIONAL WIRE: S&P Affirms 'B' CCR, Outlook Stable
JACQUIE CHANDLER: 9th Cir. Affirms Award of Deutsche Attorney Fees
JOHN GOLDING: South Orange Real Property Sale for $250K Approved

JOHN HOOVER: 1st Cir. Affirms Sanction on Atty. Baker
JOSEPH ALLEN HARTLEY: U.S. Trustee Forms 2-Member Committee
K&K ENTERPRISES: Seeks to Hire Katz Flatau as Legal Counsel
KALOBIOS PHARMA: In Agreement to Buy Former CEO's Shares
KCC INTERNATIONAL: Taps Coplen & Banks as Legal Counsel

KCC INTERNATIONAL: Taps ROC Hospitality to Manage La Quinta Hotel
LA CASA DE LA RAZA: Taps Brian Barnwell as Real Estate Appraiser
LAWRENCE SCHIFF: CSS Industries Completes Acquisition of Assets
LAWRENCE SCHIFF: Trustee's Sale of Assets to CSS Approved
LEHMAN BROTHERS: Court Partially Junks LBSF's Suit vs. Noteholders

LEHMAN BROTHERS: Former Trader Loses Bid for $83M Windfall Bonus
MAXIM CRANE: S&P Removes 'B' CCR From CreditWatch Negative
MED-SURG GROUP: Case Summary & 17 Largest Unsecured Creditors
MEE APPAREL: Order Allowing NY Suit to Continue Partly Affirmed
MIDSTATES PETROLEUM: Can Poll Creditors on Bankruptcy-Exit Plan

NEW GULF: Completes Financial Restructuring, Exits Chapter 11
NEXXLINX CORPORATION: U.S. Trustee Forms 5-Member Committee
PACIFIC SUNWEAR: Auction Cancelled After No Rival Bids Submitted
PACIFIC SUNWEAR: Seeks to Extend Time to Remove Actions to Oct. 6
PARQ HOLDINGS: S&P Affirms 'B-' CCR, Outlook Stable

PENN VIRGINIA: Court Approves $25-Mil. DIP Facility
PENN VIRGINIA: Court Approves Restructuring Support Agreement
PERRY COUNTY, KY: Moody's Lowers Gen Obligation Rating to Ba2
POSTMEDIA NETWORK: Moody's Lowers PDR to Ca-PD on Notes Conversion
POSTMEDIA NETWORK: S&P Lowers CCR to 'CC', Outlook Negative

POWELL VALLEY: U.S. Trustee Appoints 2 More Creditors to Committee
PUERTO RICO INVESTMENT: Plan Outline Approval Hearing on August 24
REFUGE FAMILY CARE: U.S. Trustee Unable to Appoint Committee
RESIDENTIAL CAPITAL: Court Narrows Claims in "Harrington"
RIVERS PITTSBURGH BORROWER: Moody's Raises CFR to B2

RIVERS PITTSBURGH BORROWER: S&P Affirms 'B' CCR, Outlook Stable
ROWE CONTRACTING: Taps Shelby Roden as Special Counsel
S DIAMOND STEEL: Case Summary & 20 Largest Unsecured Creditors
SABINE OIL: Denial of Bid for Derivative Standing Affirmed
SIGA TECHNOLOGIES: Pharmathene Receives $20M Payment

SKAGIT GARDENS: Taps Kidder Mathews as Valuation Consultant
SPARTAN SPECIALTY: Taps Robinson Brog as Litigation Counsel
ST. JUDE NURSING: Had Until June 29 to Amend Disclosure Statement
STIFEL FINANCIAL: S&P Assigns 'BB-' Rating on New Preferred Shares
STONEWALL GAS: Moody's Raises CFR to B2, Outlook Positive

SUNEDISON INC: D.E. Shaw Strikes Deal for Mt. Signal 2 Project
SUNEDISON, INC: Selling Equity Interests to 93LF 8ME for $24M
TAMPA HYDE PARK: U.S. Trustee Unable to Appoint Committee
TEEKAY CORP: Moody's Confirms B3 CFR, Outlook Stable
TOTAL HOCKEY: Seeks to Hire Polsinelli as Legal Counsel

TRIN POLYMERS: Voluntary Chapter 11 Case Summary
US XPRESS: Moody's Assigns B2 CFR & Rates $320MM Sr. Notes B3
US XPRESS: S&P Assigns 'B+' CCR & Rates New $320MM Sec. Notes 'B+'
VENOCO INC: Has Until Sept. 16 to Exclusively File Plan
VILLAS DEL MAR: Hearing Approving Plan Outline Set for Nov. 1

WHISTLER ENERGY: Proposes to Pay Bonuses 3 Key Employees
WHOLELIFE PROPERTIES: Taps Forshey & Prostok as Legal Counsel
WORLD AND MAIN: S&P Cuts CCR to CCC on Possible Covenant Breach
ZLM ACQUISITIONS: Taps Beasley Allen as Special Counsel
ZUFFA LLC: S&P Puts 'BB-' CCR on CreditWatch Negative

[*] Annette Jarvis Named Utah State Bar's 2016 "Lawyer of the Year"

                            *********

2490 US 1: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------
Debtor: 2490 US 1, LLC
           fdba 2498 US 1, LLC
        4878 Palm Coast Parkway NW
        Palm Coast, FL 32137-3636

Case No.: 16-02622

Chapter 11 Petition Date: July 11, 2016

Court: United States Bankruptcy Court
       Middle District of Florida (Jacksonville)

Debtor's Counsel: Robert Altman, Esq.
                  ROBERT ALTMAN, P.A.
                  5256 Silver Lake Dr
                  Palatka, FL 32177-8524
                  Tel: 386-325-4691
                  E-mail: robertaltman@bellsouth.net

Total Assets: $1.36 million

Total Liabilities: $1.57 million

The petition was signed by Sherry Arnett, president.

The Debtor listed Z Best Rentals, Inc., as an unsecured creditor
holding a claim of $275,000.

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

        http://bankrupt.com/misc/flmb16-02622.pdf


ACRISURE LLC: Moody's Affirms B3 Corporate Family Rating
--------------------------------------------------------
Moody's Investors Service has affirmed the B3 corporate family
rating and B3-PD probability of default rating of Acrisure, LLC
following the company's announced plan to increase its first-lien
credit facilities by $225 million to help fund acquisitions.  The
rating agency also affirmed the B2 rating on Acrisure's first-lien
facilities and the Caa2 rating on its second-lien borrowings.

Moody's changed Acrisure's rating outlook to stable from negative
based on the company's success to date in generating free cash flow
and keeping financial leverage within its target range while
acquiring numerous small and mid-sized brokers.  Acrisure has also
enhanced its funding mix through the issuance of preferred equity
in 2016.  The company's financial leverage remains high for its
rating category, and the aggressive acquisition strategy poses
execution and contingent risks.

RATINGS RATIONALE

Acrisure's ratings reflect its growing market presence in US
insurance brokerage, good mix of business across property &
casualty insurance and employee benefits lines, healthy EBITDA
margins and effective use of internally generated cash, borrowed
funds, common equity and preferred equity to help fund
acquisitions.

These strengths are offset by the company's elevated financial
leverage, moderate interest coverage and exceptionally fast growth
through acquisitions.  Acrisure's revenue more than tripled in 2014
and more than doubled in 2015, and it is on pace to more than
double in 2016.  Such rapid growth heightens the management
challenge of integrating accounting and information systems, and
limiting the firm's exposure to errors and omissions in its product
and service offerings.

Acrisure structures its acquisitions to align the interests of the
company and its acquired entities.  Purchase consideration
typically includes a mix of upfront cash and Acrisure common stock
plus growth-oriented contingent consideration that also includes
cash and stock, distributed over one to three years.  The
contingent earnout arrangements are designed such that the ultimate
purchase multiple relative to EBITDA growth will be at or below the
upfront multiple, with each acquired entity generating sufficient
cash to cover its own cash earnout payment(s).  Through its broad
use of stock consideration, Acrisure has increased the common
equity stake of company managers and employees to about 65% today
from about 20% three years ago.  The company has also issued $98
million of preferred equity to its private equity sponsor and other
investors thus far in 2016 to expand its funding mix.

For the 12 months through March 2016, Moody's estimates that
Acrisure had a debt-to-EBITDA ratio in the range of 7.5x-8x, and
(EBITDA - capex) interest coverage in the range of 1.5x-2x.  These
metrics reflect Moody's accounting adjustments for operating leases
and contingent earnout liabilities along with run-rate earnings
from completed acquisitions.  Such financial leverage is high for
Acrisure's rating category, but the rating agency expects the
company to reduce it below 7.5x through earnings growth from
existing and acquired operations.

Factors that could lead to an upgrade of Acrisure's ratings
include: (i) debt-to-EBITDA ratio below 6x, (ii) (EBITDA - capex)
coverage of interest consistently exceeding 2x, (iii)
free-cash-flow-to-debt ratio consistently exceeding 5%, and (iv)
successful integration of acquisitions.

Factors that could lead to a rating downgrade include: (i)
debt-to-EBITDA ratio remaining above 7.5x, (ii) (EBITDA - capex)
coverage of interest below 1.2x, or (iii) free-cash-flow-to-debt
ratio below 2%.

Moody's has affirmed these ratings (and loss given default (LGD)
assessments) with a stable outlook:

  Corporate family rating at B3;

  Probability of default rating at B3-PD;

  $75 million first-lien revolving credit facility expiring in May

   2020 at B2 (LGD3);

  $938 million (including pending $225 million increase) first-
   lien term loans maturing in May 2022 at B2 (LGD3);

  $290 million (including recent $75 million increase) second-lien

   term loans maturing in November 2022 at Caa2 (LGD5).

The principal methodology used in these ratings was Insurance
Brokers and Service Companies published in December 2015.

Based in Grand Rapids, Michigan, Acrisure distributes a range of
property & casualty insurance, employee benefits and related
products to small and mid-sized US businesses through offices in 24
states, mainly in the Midwest, Northeast, Southeast and Southwest.
The company generated revenue of $345 million for the 12 months
through March 2016.


ALLIANT HOLDINGS: S&P Assigns 'B' Rating on $280MM Term Loan
------------------------------------------------------------
S&P Global Ratings said that it has assigned its 'B' senior secured
debt rating and '3' recovery rating (indicating an expectation of
meaningful [50%-70%] recovery in case of default; upper half of the
range) to Alliant Holdings Intermediate LLC's $280 million
incremental term loan B due 2022.  The incremental term loan is
priced at Libor plus 400 (with a 1% Libor floor) with a 99%
original issue discount (OID) and is non-fungible with the
company's existing term loan B (priced at Libor plus 350 with a 1%
floor and 99.75% OID).  Aside from the pricing, the facility is
subject to the same terms and conditions as the existing term loan
B.  The issuer-level ratings on Alliant are unaffected by the
transaction.

RATINGS LIST

Alliant Holdings Intermediate LLC
Alliant Holdings L.P.
Counterparty Credit Rating               B/Stable/--

New Rating
Alliant Holdings Intermediate LLC
$280 Mil Incremental Term Loan B due Aug. 14, 2022
  Senior Secured Debt                     B
  Recovery Rating                         3H


ALPHA NATURAL: Bankruptcy Court Confirms Reorganization Plan
------------------------------------------------------------
Alpha Natural Resources, Inc., on July 7, 2016, disclosed that,
contingent upon the finalization of certain definitive
documentation and the entry of an order in the coming days, the
United States Bankruptcy Court for the Eastern District of Virginia
approved the Plan of Reorganization for Alpha and certain of its
wholly owned subsidiaries.  The Plan will become effective upon
Alpha's emergence from Chapter 11 bankruptcy protection, which is
expected to occur in late July.

"Confirmation of Alpha's Plan represents the final Court milestone
in a complex, one-year restructuring process," said Alpha's
Chairman and CEO Kevin Crutchfield.  "We appreciate the commitment
of our workforce, the trust of our customers, and the ultimate
support of our creditors and broader stakeholders in helping to
pave the way for Alpha's successful emergence as a more
streamlined, financially secure company with attractive prospects
for the future.  I also want to thank our lender group, who have
provided steadfast support for our Plan and worked tirelessly with
Alpha and multiple stakeholder constituencies to resolve challenges
and reach positive outcomes."

Upon emergence, Alpha is expected to operate as a privately held
company, positioned well to satisfy its environmental obligations
on an ongoing basis.

In addition to Plan confirmation, and consistent with the
previously filed Asset Purchase Agreement, the Court also approved
Alpha's sale of certain core coal assets to Contura Energy, Inc., a
new company formed by a group of Alpha's first lien lenders.  The
sale, which is scheduled to close concurrently with Alpha's
emergence, includes the company's two Powder River Basin mine
complexes in Wyoming, the Nicholas, McClure, and Toms Creek mine
complexes in West Virginia and Virginia, all of the company's
Pennsylvania coal operations and certain reserves, the company's
interest in the Dominion Terminal Associates coal export terminal
in Newport News, Virginia, and certain other assets, including
working capital.

In addition to operating as an independent, competitive entity in
the U.S. and international coal markets, Contura Energy will
provide specified contingent credit support for reorganized Alpha
in the aggregate amount of $35 million, from the effective date of
emergence through September 2018, subject to the terms and
conditions of the Global Settlement Term Sheet filed with the
Court.  Over the course of the next ten years, Contura has agreed
to also make contributions of up to $100 million into certain
restricted cash accounts to help fund the ongoing reclamation
activities of reorganized Alpha, in addition to other support to be
provided.     

Alpha and certain of its wholly-owned subsidiaries filed voluntary
petitions to reorganize under Chapter 11 of the United States
Bankruptcy Code on August 3, 2015.  The Company filed its
preliminary Plan of Reorganization on March 8, 2016, and voting on
the plan concluded on June 29, 2016.  

                  About Alpha Natural Resources

Headquartered in Bristol, Virginia, Alpha Natural --
http://www.alphanr.com-- is a coal supplier, ranked second largest
among publicly traded U.S. coal producers as measured by 2014
consolidated revenues of $4.3 billion.  As of August 2015, Alpha
had 8,000 full time employees across many different states, with
UMWA representing 1,000 of the employees.

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

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

Judge Kevin R. Huennekens presides over the cases.

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


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

                            *     *     *

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

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


ALPHA NATURAL: Has Bankruptcy Deal With U.S. Government
-------------------------------------------------------
Tom Hals, writing for Reuters, reported that the U.S. government
agreed to a mine clean-up deal that allows coal producer Alpha
Natural Resources to exit bankruptcy, despite concerns that Alpha
will be unable to fund $400 million in commitments, a government
lawyer told a court.

According to the report, the agreement stems from an industry
subsidy that allows coal companies to self-insure the environmental
costs of mining, called self-bonding, rather than set aside cash or
other collateral.  Alpha had about $676 million in self-bonded mine
clean-up costs, mostly in Wyoming and West Virginia, when weak coal
prices pushed the company into bankruptcy in August, the report
said, citing securities filings.

The agreement was meant to assure that Alpha has the finances to
restore mines to their natural setting and clean up polluted
streams, the report related.  Government lawyer Alan Tenebaum told
a U.S. Bankruptcy judge that Alpha's plan "is a better outcome for
reclamation and water treatment" than if the company were
liquidated, the report further related.

The Department of Interior said in a statement that the deal will
eliminate self-bonds for Alpha's reclamation obligations and shift
toward third-party financial assurance, the report added.  Alpha
will contribute to the plan over a decade and Tenebaum acknowledged
that "the environmental agencies have some concern if this plan
will succeed in the long term," the report said.

                 About Alpha Natural Resources

Headquartered in Bristol, Virginia, Alpha Natural --
http://www.alphanr.com/-- is a coal supplier, ranked second
largest among publicly traded U.S. coal producers as measured by
2014 consolidated revenues of $4.3 billion.  As of August 2015,
Alpha had 8,000 full time employees across many different states,
with UMWA representing 1,000 of the employees.

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

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

Judge Kevin R. Huennekens presides over the cases.

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


The U.S. Trustee for Region 4 appointed seven creditors of Alpha
Natural Resources Inc. to serve on the official committee of
unsecured creditors. Dennis F. Dunne, Esq., Evan R. Fleck, Esq.,
and Eric K. Stodola, Esq., at Milbank, Tweed, Hadley & McCloy LLP;

and William A. Gray, Esq., W. Ashley Burgess, Esq., and Roy M.
Terry, Jr., Esq. at Sands Anderson PC, represent the Committee.

                            *     *     *

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

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


AMERICAN HOSPICE: Exclusive Plan Filing Deadline Moved to Nov. 13
-----------------------------------------------------------------
The Hon. Laurie Selber Silverstein of the U.S. Bankruptcy Court for
the District of Delaware has extended, at the behest of American
Hospice Management Holdings, LLC, et al., the exclusivity period
for filing a plan by 120 days through and including Nov. 13, 2016,
and through and including Jan. 13, 2017, for obtaining acceptances
of the plan.

As reported by the Troubled Company Reporter on June 24, 2016, the
Debtors have already made significant progress in this complex
case, having closed sales on the majority of their assets.  The
sales of the Debtors' remaining assets remain pending, and the
Debtors anticipate the sales will close within the requested 120
day extension.

             About American Hospice Management

Headquartered in Jacksonville, Florida, American Hospice Management
Holdings, LLC is a hospice care provider for patients with
conditions including, among other things, cancer, cardiopulmonary
diseases, Alzheimer's and strokes.  American Hospice currently
provides hospice care in the following six markets: (i) Phoenix,
Arizona; (ii) Houston, Texas; (iii) Oklahoma City, Oklahoma;
(iv)Atlanta, Georgia; (v) Richmond and Central Virginia; and (vi)
New Jersey.  The Company employs 365 people.  American Hospice and
10 of its affiliates filed Chapter 11 bankruptcy petitions (Bankr.
D. Del. Lead Case No. 16-10670) on March 20, 2016.  Scott Mahosky,
the CEO, signed the petition.  The Debtors estimated assets in the
range of $10 million to $50 million and liabilities of up to $50
million.

The Debtors have hired Denton US LLP as counsel, Pachulski Stang
Ziehl & Jones LLP as co-counsel, Harris Williams & Co. as
investment banker, and Kurtzman Carson Consultants, LLC as notice
and claims agent.

Each of the Debtors is owned 100% by American Hospice Management
Holdings, LLC, which is a Delaware limited liability company.  The
majority owner of American Hospice Management Holdings, LLC, is
American Hospice Holdings Corporation, a Delaware corporation.
American Hospice Holdings Corporation is wholly owned by 2000
Riverside Capital Appreciation Fund, L.P.


AMERICAN MANAGED CARE: Ch. 11 Trustee Wins Partial Summary Judgment
-------------------------------------------------------------------
In the adversary proceeding captioned SONEET R. KAPILA, as the
Chapter 11 Trustee for the estate of Universal Health Care Group,
Inc., which entity serves as the sole member of AMERICAN MANAGED
CARE, LLC, Plaintiff, v. GREGORY E. MATTON, P.A., GREGORY E.
MATTON, individually, d/b/a GREGORY E. MATTON, P.A., Defendants,
Adv. No. 8:15-ap-00099-KRM (Bankr. M.D. Fla.), Judge K. Rodney May
of the United States Bankruptcy Court for the Middle District of
Florida, Tampa Division, granted the liquidating agent's motion for
summary judgment on count II as to constructive fraud under Section
548(a)(1)(b) of the Bankruptcy Code.

The judge held that the liquidating agent is entitled to judgment
as a matter of law against the defendants jointly and severally for
the prepetition transfers made by American Managed Care, LLC to the
defendants.

A full-text copy of Judge May's June 28, 2016 memorandum opinion
and order is available at https://is.gd/JqQMtc from Leagle.com.

The bankruptcy case is In re: AMERICAN MANAGED CARE, LLC, Chapter
11, Debtor, Case No. 8:13-bk-05952-KRM (Bankr. M.D. Fla.).

Soneet Kapila is represented by:

          Michael P. Horan, Esq.
          Stephanie C. Lieb, Esq.
          Megan Wilson Murray, Esq.
          Lori V. Vaughan, Esq.
          TRENAM KEMKER
          200 Central Avenue, Suite 1600
          St. Petersburg, FL 33701
          Tel: (727)896-7171
          Fax: (727)822-8048
          Email: mhoran@trenam.com
                 slieb@trenam.com
                 mwmurray@trenam.com
                 lvaughan@trenam.com

Gregory E. Matton, P.A. is represented by:

          Bradley S. Bell, Esq.
          BELL LAW GROUP, P.A.
          407 North Howard Avenue, Suite 201
          Tampa, FL 33606
          Tel: (813)867-4522
          Fax: (813)867-4542
          Email: bbell@bbellpa.com

                    About AMC and Universal Health

Universal Health Care Group, Inc., owns an insurance company and
three health-maintenance organizations that provide managed care
services for government sponsored health care programs, focusing on
Medicare and Medicaid.

Universal Health was founded in 2002 by Dr. A.K. Desai and grew its
operations of offering Medicare plans to more than 37,000 members
to over 20 states.

Universal Health filed a Chapter 11 bankruptcy protection (Bankr.
M.D. Fla. Case No. 13-01520) on Feb. 6, 2013, after Florida
regulators moved to put two of the company's subsidiaries in a
receivership. Universal Health Care estimated assets of up to$100
million and debt of less than $50 million in court filings in a
Tampa, Florida.  Harley E. Riedel, Esq., at Stichter Riedel Blain
& Prosser serves as counsel to the Debtor

Soneet R. Kapila has been appointed the Chapter 11 Trustee in the
Debtor's case.  He is represented by Roberta A. Colton, Esq., at
Trenam, Kemker, Scharf, Barkin, Frye, O'Neill & Mullis, PA.
Dennis S. Jennis, Esq., and Jennis & Bowen, P.L., serve as special
conflicts counsel and E-Hounds, Inc., serves as a forensic imaging
consultant to the Chapter 11 trustee.

An affiliate, American Managed Care, LLC, sought Chapter 11
protection (Bankr. M.D. Fla. Case No. 13-05952) on May 3, 2015.
See http://bankrupt.com/misc/flmb13-5952.pdf


ARCH COAL: Plan Confirmation Hearing Scheduled for Sept. 13
-----------------------------------------------------------
Arch Coal, Inc., on July 8, 2016, disclosed that the U.S.
Bankruptcy Court for the Eastern District of Missouri has approved
the Disclosure Statement filed in connection with the company's
proposed Plan of Reorganization.  With this approval, Arch can
begin to solicit approval of the Plan from its creditors.  A
hearing to consider confirmation of the Plan by the Bankruptcy
Court is scheduled to commence on Sept. 13.

As previously announced, the Plan incorporates and implements the
terms of the global settlement that Arch reached with certain of
its senior secured lenders that hold more than 75% of its first
lien term loan and the Official Committee of Unsecured Creditors
(the "UCC").

"With the Court's approval of our Disclosure Statement, a
consensual proposed Plan of Reorganization in place and a Plan
confirmation hearing scheduled, Arch has established a clear path
for emerging from this restructuring process as a strong,
well-positioned competitor," said John W. Eaves, Arch's chairman
and CEO.  "We have worked diligently to achieve significant support
for our Plan and we intend to complete the restructuring process in
a highly expeditious manner.  As we move forward, we will continue
our sharp focus on operational excellence while maintaining an
unwavering commitment to mine safety and environmental
stewardship."

Arch will begin the process of soliciting votes for the Plan from
eligible stakeholders immediately.  The Court has set a voting
deadline of August 31 for eligible stakeholders.  The Plan is
subject to confirmation by the Bankruptcy Court.  This release is
not intended as a solicitation for a vote on the Plan.

Davis Polk & Wardwell LLP is serving as legal advisor to Arch Coal,
and PJT Partners is serving as financial advisor.

                         About Arch Coal

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

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

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

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

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


ARIA ENERGY: S&P Affirms 'B-' CCR, Off CreditWatch Negative
-----------------------------------------------------------
S&P Global Ratings said that it affirmed its 'B-' corporate credit
rating and senior secured debt rating on Aria Energy Operating LLC
and removed the ratings from CreditWatch with negative
implications, where they were placed on May 3, 2016.  The outlook
is stable.

The '3' recovery rating on the senior secured debt is unchanged and
indicates S&P's expectation for meaningful (50%-70%, lower half of
the range) recovery if a payment default occurs.

Aria Energy Operating LLC posted weak financial results for 2015
that were materially below S&P's expectations.  Prohibited payments
that the company inadvertently made to its sponsors, as well as its
inability to deliver audited financial statements within 120 days
of fiscal year-end, prompted S&P to revise its assessment of Aria's
management and governance to weak from fair, and place the ratings
on CreditWatch with negative implications. The CreditWatch
placement was applied pending Aria's ability to secure waivers
pertaining to events of default under its credit agreement.  On
June 29, 2016, the company was able to secure one-time waivers from
its lenders, which has alleviated any immediate liquidity or
default concerns.  Consequently, S&P has removed the ratings from
CreditWatch.  S&P will continue to monitor management's ability to
execute on targeted operational and financial performance before
reconsidering our management and governance assessment of weak.

"We note that the lenders have used the waiver requisition to
negotiate a series of changes to the credit agreement, which we
believe are credit supportive," said S&P Global Ratings credit
analyst Aneesh Prabhu.

Salient amongst these revisions is a one-time $25 million reduction
(prepayment) of the outstanding term loan B balances to $170
million from $195 million, which was funded by cash-on-hand and a
$10 million equity infusion by the sponsors.  The sweep mechanism
has also been tightened to ensure that excess cash flow is largely
used for debt reduction.  Aria will now sweep 100% excess cash if
the leverage levels remain above 4.5x (debt to EBITDA).  The
original credit agreement required a mandatory amortization of 1%
but only a 50% excess cash flow sweep.  There are other revisions
that restrict the investments the company can make in joint
ventures.  The revolver has also been downsized to $50 million from
$70 million, which limits the flexibility of management but does
not immediately impact S&P's liquidity assessment.  The reductions
of the revolver credit facility commitment, prepayment of the term
loan, and the $10 million of new equity from the sponsor were
conditional to closing the amended credit agreement.

The stable outlook reflects S&P's expectation that the company will
be able to overcome the operational challenges it experienced and
register EBITDA levels of about $30 million for 2016.  S&P expects
FFO to debt of about 12% and debt to EBITDA of about 5.6x in 2016.


BIND THERAPEUTICS: Selling Assets to Pfizer for $19.8M
------------------------------------------------------
BIND Therapeutics, Inc., and its affiliates ask the U.S. Bankruptcy
Court for the District of Delaware to approve bidding procedures
and the asset purchase agreement governing the sale of certain
assets ("Seller Assets") to Pfizer, Inc., for the aggregate price
of $19,750,000, subject to better and higher offers.

Prior to the Petition Date, the Debtors retained Cowen and Company,
LLC, to serve as their investment banker.  Since that time, Cowen
has worked with the Debtors and their other professionals on a sale
process.

Because the Debtors and Cowen have been actively engaged in the
sale process for more than three months and have spoken with more
than 100 different potential purchasers during that time, the
Debtors do not believe that additional marketing efforts would be
fruitful and, in fact, are concerned that a further significant
delay in the closing of a sale could adversely affect the sale
process and stalking horse buyer Pfizer's interest in purchasing
the Seller Assets.

On July 1, 2016, the Debtors and Pfizer substantially finalized the
Stalking Horse Agreement, which is subject to higher and better
offers through an auction process and the Court's approval.  The
Debtors also expect that Hercules Technology III, L.P., the party
holding Liens on the Seller Assets amounting to not less than $13.2
million as of Petition Date, will consent, or, absent any objection
to the Motion and will be deemed to have consented to the Sale.

The Stalking Horse Agreement contains, among others, the following
material terms and conditions:

   a) Seller: BIND Therapeutics, Inc., a Delaware corporation
("Seller").

   b) Stalking Horse Buyer: Pfizer, Inc., a Delaware corporation.

   c) Consideration: The aggregate consideration ("Purchase Price")
to be paid for the acquisition of the Seller Assets shall be an
amount in cash equal to $19,750,000, inclusive of Cure Costs not to
exceed $5,000,000, and subject to a Holdback until Dec. 1, 2016 of
$1,975,000.

   d) Acquired Assets: The assets to be purchased by the Stalking
Horse Buyer, include, without limitation, all of Seller's right,
title and interest, free and clear of all Liens (other than Liens
included in the Assumed Liabilities and Permitted Encumbrances) in
and to all of the Seller's properties, assets and rights of every
nature, kind and description, tangible and intangible, that are
used in the operation of the Business, other than Excluded Assets.

   e) Good Faith Deposit: A deposit of $987,500 by Stalking Horse
Buyer into an escrow account by July 6, 2016.  If the Stalking
Horse Agreement is terminated by Seller due to a breach by the
Stalking Horse Buyer or due to the Stalking Horse Buyer's failure
to deliver the Purchase Price, then the Deposit Escrow, together
with all accrued investment income or interest thereon, will be
delivered to Seller as liquidated damages.

   f) Bid Protections: Expense reimbursement upon certain
triggering conditions will not exceed $250,000.  The Stalking Horse
Buyer is also entitled to a breakup fee of 3% of the Purchase
Price, which shall have administrative priority pursuant to
Sections 503(b) and 507(b) of the Bankruptcy Code.

The Debtors propose a timeline which provides more than sufficient
time to consummate a sale that will provide the Debtors' estates
with the highest price for the Seller Assets given the fulsome
marketing process that has already taken place.  The Debtors'
proposed timeline are as follows:

     a) Entry of the Bidding Procedures Order on or prior to July
8, 2016;

     b) Submission of additional bids by July 22, 2016 at 4:00 p.m.
(PET);

     c) Conduct the Auction on July 25-26, 2016;

     d) Entry of the Sale Order on or prior to July 27, 2016; and

     e) Closing of the Sale on or before Aug. 15, 2016.

A copy of some of the key terms of the Bidding Procedures attached
to the Motion is available for free at:

   http://bankrupt.com/misc/Bind_Therapeutics_209_Sale_M.pdf

The Debtors believe that the Bidding Procedures will establish
sound parameters by which the proffered sale price of the Seller
Assets may be tested at the Auction, as well as the ensuing Sale
Hearing, and evaluated.  Such procedures will increase the
likelihood that the Debtors will receive the greatest possible
consideration for the Seller Assets in a sale because they will
ensure a competitive and fair bidding process. The Bidding
Procedures will also allow the Debtors to undertake the Auction
process in an orderly fashion, which the Debtors believe is
essential to maintaining and maximizing the value of its estate.

Counsel for Debtors and Debtors-in-Possession:

         Amanda R. Steele
         John H. Knight
         Brett M. Haywood
         RICHARDS, LAYTON & FINGER, P.A.
         One Rodney Square
         920 North King Street
         Wilmington, DE 19801
         Telephone: (302) 651-7700
         Facsimile: (302) 651-7701
         E-mail: knight@rlf.com
                 steele@rlf.com
                 haywood@rlf.com

                - and -

         Peter M. Gilhuly
         Kimberly A. Posin
         Adam E. Malatesta
         LATHAM & WATKINS LLP
         355 South Grand Avenue
         Los Angeles, CA 90071-1560
         Telephone: (213) 485-1234
         Facsimile: (213) 891-8763
         E-mail: peter.gilhuly@lw.com
                 kim.posin@lw.com
                 adam.malatesta@lw.com

                      About BIND Therapeutics

BIND Therapeutics is a biotechnology company developing novel
targeted therapeutics, primarily for the treatment of cancer. BIND
Therapeutics, Inc., aka BIND Biosciences, Inc., and BIND
Biosciences Security Corporation filed for Chapter 11 bankruptcy
protection (Bankr. D. Del. Case Nos. 16-11084 and 16-11085) on
May 1, 2016.

Peter M. Gilhuly, Esq., Kimberly A. Posin, Esq., and Adam E.
Malatesta, Esq., at Latham & Watkins LLP, and John Henry Knight,
Esq., and Amanda R. Steele, Esq., at Richards, Layton & Finger,
P.A., serve as Chapter 11 counsel.

The Debtors' financial advisor is Cowen and Company, LLC.  Prime
Clerk LLC serves as claims and noticing agent.  In its petition,
the Debtors estimated $10 million to $50 million in both assets and
liabilities.

The petitions were signed by Andrew Hircsh, president and chief
executive officer.


C&J ENERGY: Enters Into Restructuring Support Agreement
-------------------------------------------------------
C&J Energy Services Ltd. on July 8, 2016, disclosed that it has
entered into a Restructuring Support Agreement (the "RSA") with
certain of its secured lenders representing greater than 50% of the
outstanding principal amount under the Company's secured credit
facility (the "Secured Credit Facility").  The terms of the RSA
provide for the implementation of a restructuring (the
"Restructuring") that contemplates, among other things, a
debt-to-equity conversion of the entire Secured Credit Facility and
an equity rights offering, which will be effectuated through a
Chapter 11 plan of reorganization.  The Restructuring will enable
the Company to substantially deleverage its balance sheet --
eliminating approximately $1.4 billion of existing debt -- while
continuing daily operations in the normal course.

Notably, the RSA provides for debtor-in-possession ("DIP")
financing in the form of a $100 million senior secured delayed-draw
term loan facility being provided by certain lenders who are
parties to the RSA.  The Company will also raise $200 million of
additional capital through a backstopped rights offering.  In
addition, after emergence from the Restructuring, the Company
intends to raise at least $100 million in exit financing through an
ABL credit facility.

President, Chief Executive Officer and Chief Operating Officer Don
Gawick commented, "We are pleased to enter into this Restructuring
Support Agreement, which is a significant step forward in our
ongoing efforts to delever our capital structure, strengthen our
business and respond proactively to the challenging market
environment.  The agreed-upon restructuring plan represents a
strong endorsement by our stakeholders in the future of our
Company.  The exchange of debt for equity will provide us with a
significantly deleveraged balance sheet, and we will emerge from
this process as a stronger company with an infusion of new equity
capital through a backstopped equity rights offering.  After a
thorough evaluation of our options, we are confident that we have
reached a deal that is highly advantageous for C&J and will provide
solid financial footing to enable us to capitalize on future
opportunities as the commodity pricing environment begins to
recover."

Loeb & Loeb LLP, Kirkland & Ellis LLP and Fried, Frank, Harris,
Shriver & Jacobson LLP are serving as legal counsel to the Company.
Evercore ISI serves as the Company's financial advisor and
AlixPartners serves as the Company's restructuring advisor.

Cortland Capital Market Services LLC, as Administrative Agent under
the Secured Credit Facility, and the Steering Committee of lenders,
are being advised by Davis Polk & Wardwell LLP, FTI Consulting,
Inc. and Moelis & Company.  

                     About C&J Energy Services

C&J Energy Services -- http://www.cjenergy.com/-- is a provider of
well construction, well completions, well support and other
complementary oilfield services to oil and gas exploration and
production companies.  As one of the largest completion and
production services companies in North America, C&J offers a full,
vertically integrated suite of services involved in the entire life
cycle of the well, including directional drilling, cementing,
hydraulic fracturing, cased-hole wireline, coiled tubing, rig
services, fluids management services and other special well site
services.  C&J operates in most of the major oil and natural gas
producing regions of the continental United States and Western
Canada.

                           *     *     *

The Troubled Company Reporter, on July 5, 2016, reported that, S&P
Global Ratings lowered its corporate credit rating on oilfield
services provider C&J Energy Services Ltd. to 'D' from 'CCC-'.  S&P
also lowered the issue-level rating on the company's secured debt
to 'D' from 'CCC-'.  The recovery rating on the debt remains '3',
indicating S&P's expectation of meaningful (50% to 70%, higher end
of the range) recovery in the event of default.

The 'D' rating reflects C&J Energy Services' announcement that it
has entered into a second forbearance agreement due to missed
interest payments and covenant breaches on its credit facilities,
including the $284 million principal outstanding on its revolving
credit facility maturing in 2020, $569 million principal
outstanding on its B-1 term loan due 2022, and $480 million
principal outstanding on its B-2 term loan due 2022.  


C&J ENERGY: Has Restructuring Support Agreement with Key Creditors
------------------------------------------------------------------
C&J Energy Services Ltd. (NYSE: CJES) on July 8, 2016, announced
that it has entered into a Restructuring Support Agreement with
certain of its secured lenders representing greater than 50% of the
outstanding principal amount under the Company's secured credit
facility (the "Secured Credit Facility").  The terms of the RSA
provide for the implementation of a restructuring  that
contemplates, among other things, a debt-to-equity conversion of
the entire Secured Credit Facility and an equity rights offering,
which will be effectuated through a Chapter 11 plan of
reorganization.  The Restructuring will enable the Company to
substantially deleverage its balance sheet -- eliminating
approximately $1.4 billion of existing debt -- while continuing
daily operations in the normal course.

Notably, the RSA provides for debtor-in-possession ("DIP")
financing in the form of a $100 million senior secured delayed-draw
term loan facility being provided by certain lenders who are
parties to the RSA.  The Company will also raise $200 million of
additional capital through a backstopped rights offering.  In
addition, after emergence from the Restructuring, the Company
intends to raise at least $100 million in exit financing through an
ABL credit facility.

President, Chief Executive Officer and Chief Operating Officer Don
Gawick commented, "We are pleased to enter into this Restructuring
Support Agreement, which is a significant step forward in our
ongoing efforts to delever our capital structure, strengthen our
business and respond proactively to the challenging market
environment.  The agreed-upon restructuring plan represents a
strong endorsement by our stakeholders in the future of our
Company.  The exchange of debt for equity will provide us with a
significantly deleveraged balance sheet, and we will emerge from
this process as a stronger company with an infusion of new equity
capital through a backstopped equity rights offering.  After a
thorough evaluation of our options, we are confident that we have
reached a deal that is highly advantageous for C&J and will provide
solid financial footing to enable us to capitalize on future
opportunities as the commodity pricing environment begins to
recover."

Additional information about the Restructuring is contained in a
Current Report on Form 8-K that the Company will file with the U.S.
Securities and Exchange Commission.  The Company also plans to post
additional information about the Restructuring under the investor
relations section of the Company's website in the coming days.

Loeb & Loeb LLP, Kirkland & Ellis LLP and Fried, Frank, Harris,
Shriver & Jacobson LLP are serving as legal counsel to the Company.
Evercore ISI serves as the Company's financial advisor and
AlixPartners serves as the Company's restructuring advisor.

Cortland Capital Market Services LLC, as Administrative Agent under
the Secured Credit Facility, and the Steering Committee of lenders,
are being advised by Davis Polk & Wardwell LLP, FTI Consulting,
Inc. and Moelis & Company.  

               About C&J Energy Services

C&J Energy Services is a leading provider of well construction,
well completions, well support and other complementary oilfield
services to oil and gas exploration and production companies.  As
one of the largest completion and production services companies in
North America, C&J offers a full, vertically integrated suite of
services involved in the entire life cycle of the well, including
directional drilling, cementing, hydraulic fracturing, cased-hole
wireline, coiled tubing, rig services, fluids management services
and other special well site services.  C&J operates in most of the
major oil and natural gas producing regions of the continental
United States and Western Canada.  For additional information about
C&J, please visit www.cjenergy.com.

C&J Energy Services Investor Contact
Daniel E. Jenkins
Vice President - Investor Relations
investors@cjenergy.com
1-713-260-9986

             *     *     *

The Troubled Company Reporter, on July 5, 2016, reported that S&P
Global Ratings lowered its corporate credit rating on oilfield
services provider C&J Energy Services Ltd. to 'D' from 'CCC-'.  S&P
also lowered the issue-level rating on the company's secured debt
to 'D' from 'CCC-'.  The recovery rating on the debt remains '3',
indicating S&P's expectation of meaningful (50% to 70%, higher end
of the range) recovery in the event of default.

The TCR, on April 19, 2016, reported that Standard & Poor's Ratings
Services lowered its corporate credit rating on Houston-based
oilfield services provider C&J Energy
Services Ltd. to 'CCC-' from 'B-'.  The outlook is negative.


CAESARS ENTERTAINMENT: Mediation Continues, With Warning From Judge
-------------------------------------------------------------------
Jacqueline Palank, writing for The Wall Street Journal, reported
that in the dispute over Caesars Entertainment Operating Co.'s $18
billion restructuring, one side is making a "big miscalculation,"
according to the judge overseeing the chapter 11 case.

According to the report, told on July 11, 2016, in court that
mediation in CEOC's disputed restructuring continues, Judge A.
Benjamin Goldgar said the continued impasse between CEOC, parent
Caesars Entertainment Corp. and a group of junior bondholders
suggests that one side in the dispute doesn't have a sound
negotiating position.

"Somebody here is making a big miscalculation," the judge said,
declining to identify who that is, the report related.  Those
involved should "take a real hard look at their position," he
added.

While CEOC has lined up support from most of its key creditor
groups for its $18 billion restructuring plan, junior bondholders
remain at odds with CEOC and parent Caesars Entertainment, which
isn't in bankruptcy, the report further related.

The junior bondholders say Caesars Entertainment's estimated $4
billion contribution to CEOC's the restructuring isn't enough to
compensate for a series of transactions the bondholders allege
stripped billions of dollars of value out of CEOC before it filed
for bankruptcy, the report added.  Caesars and its private-equity
owners, Apollo Global Management and TPG, dispute the allegations,
the report said.

                 About Caesars Entertainment

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

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

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

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

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

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

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

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


CAPITAL INVESTMENTS: Maryland, Virginia Properties Sale Approved
----------------------------------------------------------------
Judge Brian F. Kenney of the U.S. Bankruptcy Court for the Eastern
District of Virginia, Alexandria Division, authorized Capital
Investments, LLC, to sell the following residential real properties
in Virginia and Maryland to its respective buyers and offered
prices:

     a. 14153 Walton Drive, Manassas, Prince Williams County, VA
property ("Walton Drive Property") to John J. West and Wilmer L.
Fields Jr. under the terms and conditions of a Simple Real Estate
Contract dated May 31, 2016 for $230,000.

     b. 700 Mentor Avenue, Capitol Heights, Prince George's County,
MD ("Mentor Avenue Property") to Rehab Wonk, LLC under the terms
and conditions of the following contracts: (i) Purchase  Agreement
dated May 31, 2016 for $80,000; (ii) Purchase Agreement dated May
31, 2016 providing for the sale of 6908 G Street, Capitol Heights,
Prince George's County, MD property ("G Street Property") for
$75,000; and (iii) Purchase Agreement dated May 31, 2016 for the
sale of the 9004 48th Place, College Park, Prince George's County,
MD property ("48th Place Property") for $155,000.

     c. 15003 Alaska Road, Woodbridge, Prince William County, VA
property ("Alaska Road Property") to Preferred Resource, LLC under
the terms and conditions of a Residential Sales Contract dated Jun.
1, 2016 for $160,000.

     d. 1700 12th Street South, Arlington, Arlington County, VA
property ("12th Street Property") to Helmand Investment, LLC under
the terms and conditions of a Residential Sales Contract dated May
27, 2016 for $285,000.

     e. 3563 Old Lee Highway, Fairfax, Fairfax County, VA property
("Old Lee Hwy. Property") to Geoff Rowe Real Estate, LLC under the
terms and conditions of a Residential Sales Contract dated Jun. 3,
2016 for $400,000.

With respect to each of the Properties, John Marshall Bank ("JMB")
and G.W. Investments, Inc. ("GWI") have agreed that they will
release their liens at closing on the sale of each Property in
exchange for GWI receiving a sum equal to 1.5% of the purchase
price for each of the Mentor Avenue Property, G Street Property,
48th Place Property, and Alaska Road Property and 2% of the
purchase price for all other properties sold ("GWI Payoff") and JMB
receiving the net proceeds of sale (after payment of all seller
closing costs and unpaid real estate taxes), less payment at
closing (a) of the GWI Payoff, and (b) to the Debtor of (i) a
carve-out of $1,500 per Property, (ii) all legal fees incurred by
the Debtor in connection with efforts to obtain court approval of
any sale, and (iii) any fees for management services provided by
Analytic Financial Group, LLC in connection with each Property, all
of which sums in part (b) would be paid to the Debtor's bankruptcy
estate.

                    About Capital Investments

Capital Investments, LLC, sought Chapter 11 protection (Bankr. E.D.
Va. Case No. 15-13600) on Oct. 15, 2015, in Alexandria.  The Hon
Judge Robert G. Mayer is assigned to the case.  John P. Forest, II,
Esq. at Stahlselloe, P.C., serves as the Debtor's counsel.  The
Debtor estimated assets of $1 million to $10 million and $1 million
to $10 million in debt.  The petition was signed by Abbas Ghassemi,
manager.


CAPITOL LAKES: Court Confirms 5th Amended Plan
----------------------------------------------
Judge Robert D. Martin of the United States Bankruptcy Court for
the Western District of Wisconsin confirmed Capitol Lakes, Inc.'s
fifth amended plan of reorganization

The bankruptcy case is captioned In Re: CAPITOL LAKES, INC.,
Chapter 11, Debtor, Case No. 16-10158 (Bankr. W.D. Wis.).

A full-text copy of Judge Martin's June 27, 2016 memorandum
decision is available at https://is.gd/sHzjhG from Leagle.com.

Capitol Lakes, Inc. is represented by:

          Thomas R. Califano, Esq.
          DLA PIPER LLP
          1251 Avenue of the Americas
          New York, NY 10020-1104
          Tel: (212)335-4500
          Fax: (212)335-4501
          Email: thomas.califano@dlapiper.com

            -- and --

          Rebecca R. DeMarb, Esq.
          James D. Sweet, Esq.
          SWEET DEMARB LLC
          1 N. Pinckney St., Suite 300
          Madison, WI 53703
          Tel: (608)310-5500
          Email: rdemarb@sweetdemarb.com
                 jsweet@sweetdemarb.com

            -- and --

          Jane F. Zimmerman, Esq.
          33 East Main St., Suite 500
          Madison, WI 53703
          Tel: (608)257-7181
          Fax: (877)619-5742
          Email: jzimmerman@murphydesmond.com

U.S. Trustee's Office, U.S. Trustee, is represented by:

          Debra L Schneider, Esq.
          OFFICE OF THE U.S. TRUSTEE
          517 East Wisconsin Avenue, Room 430
          Milwaukee, WI 53202
          Tel: (414)297-4499

Official Committee of Unsecured Creditors, Creditor Committee, is
represented by:

          Nicole I. Pellerin, Esq.
          Brian P. Thill, Esq.
          MURPHY DESMOND S.C.
          33 East Main St., Suite 500
          Madison, WI 53703
          Tel: (608)257-7181
          Fax: (877)619-5742
          Email: npellerin@murphydesmond.com
                 bthill@murphydesmond.com

                       About Capitol Lakes

Capitol Lakes, Inc., fka Meriter Retirement Services, Inc., owns
and operates a continuing care retirement community comprised of
(i) an urban high rise containing 105 independent living units (ii)
an apartment building containing 52 additional independent living
units, (iii) an assisted living residential facility containing 43
assisted living units, of which 39 are single occupancy and 4 are
available for double occupancy, (iv) a skilled nursing facility
with 85 active skilled nursing beds licensed by the Wisconsin
Department of Health and Family Services and certified to
participate in the Medicare and Medicaid programs, all located on a
site of approximately 3.8 acres of land owned by Capitol Lakes
located in the heart of downtown Madison, Wisconsin.

Capitol Lakes filed a chapter 11 bankruptcy petition (Bankr. W.D.
Wisc. Case No. 16-10158) on Jan. 20, 2016.  As of Dec. 31, 2015, on
a book value basis, Capitol Lakes reported $57.6 million in assets
and $104.2 million in liabilities.

The Debtor has tapped DLA Piper LLP as its legal counsel, and Cain
Brothers & Company LLC as its financial advisor.  The Office of the
U.S. Trustee appointed seven-member creditors' committee, which is
represented by lawyers at Murphy Desmond S.C.


CHINA FISHERY: Fitch Lowers IDR to 'D' on Chap. 11 Filing
---------------------------------------------------------
Fitch Ratings has downgraded China Fishery Group Limited's Issuer
Default Rating to 'D' from 'RD'. No Outlook has been assigned.

The downgrade follows China Fishery's announcement on 30 June that
the company and its subsidiaries had filed for US bankruptcy
protection under Chapter 15 and Chapter 11 of the US bankruptcy
code.

The bankruptcy filing with facilitate a debt restructuring
arrangement with holders of the $US300m senior unsecured notes
issued by CFG Investment S.A.C., China Fishery's financing vehicle.
China Fishery failed to pay a coupon on the notes that was due on
30 January 2016.

China Fishery's senior unsecured rating and the rating on the
$US300m notes issued by CFG Investment S.A.C. have been affirmed at
'C', with a Recovery Rating of 'RR4'.

RATING SENSITIVITIES

Fitch will re-examine China Fishery's credit profile if it
successfully restructures its debt.


CHRISTL TREPTOW: Unsecured Creditors to Get 12% Under Plan
----------------------------------------------------------
Christl Treptow on July 7 filed a combined Chapter 11 plan of
reorganization and disclosure statement, which proposes
approximately 12% recovery to general unsecured creditors.

Under the proposed plan, creditors holding Class 2B general
unsecured claims will receive a pro-rata share of a fund totaling
$30,000, created by the Debtor's monthly payment of $500 for a
period of 60 months, starting October 2016.

The Debtor estimates that creditors will receive approximately 12%
of their claims in this class, which includes all known
non-priority unsecured creditors.  These creditors assert a total
of $165,570 in claims.

A copy of the Chapter 11 plan is available for free at
https://is.gd/dG9X0l

The Debtor can be reached through:

     Andrew H. Griffin, III
     Law Offices of ANDREW H. GRIFFIN, III
     275 E. Douglas Avenue, Suite 112
     El Cajon, CA 92020-4547
     Phone: (619) 440-5000
     Fax: (619) 440-5991
     Email: Griffinlaw@mac.com

                    About Christl M. Treptow

Christl M. Treptow sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Cal. Case No. 16-00604) on February 5,
2016.


CLARK CUTLER: Taps Conway MacKenzie as Investment Banker
--------------------------------------------------------
Clark-Cutler-McDermott Company and CCM Automotive Lafayette LLC
seek approval from the U.S. Bankruptcy Court for the District of
Massachusetts to hire an investment banker.

The Debtors tapped Conway MacKenzie Capital Advisors LLC to provide
these services in connection with effectuating a disposition of
their assets:

     (a) identifying prospective buyers for a disposition;

     (b) assisting the Debtors in evaluating indications of
         interest or letters of intent from prospective buyers and

         coordinating due diligence materials to be made available

         to prospective buyers;

     (c) participating in site visits and management meetings with

         potential buyers;

     (d) assisting the Debtors in the negotiation of documents
         related to a potential disposition; and

     (e) advising the Debtors regarding the form, structure,
         consideration, and substance of a potential disposition.

The firm will be compensated according to this fee structure:

     (a) Upfront Fee.  A nonrefundable fee of $40,000 to be paid
         at the commencement of the engagement.

     (b) Monthly Fees.  A nonrefundable fee of $40,000 to be paid
         every month after the commencement of the engagement. The

         engagement has a minimum duration of three months. Should

         the engagement extend beyond three months, payment of
         additional monthly fees will continue.

     (c) Disposition Fee. In the event of a disposition, the fee
         will be calculated as follows: if the "enterprise value"
         is less than or equal to $10 million, the fee will equal
         4.5% of the enterprise value.  If the enterprise value is

         greater than $10 million, the fee will equal $450,000,
         plus 7.5% of the amount of the enterprise value which
         exceeds $10 million.  The upfront fee and the monthly
         fees will be credited against the disposition fee.  
         Nevertheless, the minimum disposition fee will be
         $450,000 inclusive of the upfront fee.  The disposition
         fee is due upon closing of the disposition and is a
         condition precedent to the closing.

     (d) Costs. Conway MacKenzie is entitled to reimbursement of
         work-related expenses.

Donald MacKenzie disclosed in a court filing that he and the other
employees of Conway MacKenzie are "disinterested persons" as
defined in section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Donald S. MacKenzie
     Conway MacKenzie Capital Advisors LLC
     401 S. Old Woodward Avenue, Suite 340
     Birmingham, MI 48009
     Phone: 248-433-3100
     Fax: 248-433-3143

                  About Clark-Cutler-McDermott

Automobile parts manufacturer Clark-Cutler-McDermott Company and
its subsidiary CCM Automotive Lafayette LLC sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. D.  Mass. Lead Case No.
16-41188) on July 7, 2016.  The cases are pending joint
administration before Hon. Christopher J. Panos.  The petitions
were signed by James T. McDermott, CEO.


CLAYTON GENERAL: Hires Alvarez & Marsal as Litigation Consultant
----------------------------------------------------------------
Clayton General, Inc., et al., seek authority from the U.S.
Bankruptcy Court for the Northern District of Georgia to employ
Alvarez & Marsal Healthcare Industry Group, LLC as litigation
consultant to the Debtors.

Clayton General requires Alvarez to:

-- advise the Debtors in connection with potential litigation
    involving Emory Healthcare, Inc. and Emory Clinically
    Integrated Network, LLC and Emory employees who worked on
    Emory's engagement with the Debtors; and

-- provide litigation consulting services to the Debtors.

Alvarez will be paid at these hourly rates:

     Managing Directors               $675–$875
     Directors–Sr. Directors          $475–$675
     Associates–Sr. Associates        $375–$475
     Analysts/Staff                   $275–$375

Alvarez will be paid an initial retainer of $65,000.  With the
consent of the retained professionals of the Official Committee of
Unsecured Creditors, the retainer will be taken out from the
Committee's Carve-Out Escrow Account.  The DIP Lender will have no
further obligation to fund any amounts into the Committee's
Carve-Out Escrow Account. The $40,000 of the retainer amount
representing cash paid into the Committee's Carve-Out Escrow
Account post-sale will still be credited against the requirement in
Paragraph 34 of the Final DIP Order to pay the first $300,000 of
unencumbered cash received by the Debtors' estates from any source
into the Committee's Carve-Out Escrow Account, provided, however,
that the $65,000 used to fund the retainer from the Committee's
Carve-Out Escrow Account will be replenished from the first $65,000
of net proceeds received from any prosecution or settlement of the
litigation for which Alvarez is being retained.

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

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

Alvarez can be reached at:

     Ronald Winters
     ALVAREZ & MARSAL
     HEALTHCARE INDUSTRY GROUP, LLC
     600 Madison Avenue, 8th Floor
     New York, NY 10022
     Tel: (212) 759-4433
     Fax: (212) 759-5532

                       About Clayton General

Clayton General, Inc., fka Southern Regional Health System, Inc.,
dba Southern Regional Medical Center, et al., a 331-licensed bed
full-service hospital located in Riverdale, Georgia. Managed by
Emory Healthcare, Inc., the hospital serves residents throughout
the region south of Atlanta. As a leader in neurologic, heart &
vascular, bariatric, and women's healthcare services, Southern
Regional's medical staff is comprise of more than 480 physicians
that blend their passion for healing with advanced technology to
offer the latest procedures and treatments.

Southern Regional and its subsidiaries sought Chapter 11 protection
(Bankr. N.D. Ga. Case No. 15-64266) on July 30, 2015, in Atlanta,
Georgia. The cases are assigned to Judge Wendy L. Hagenau.

Southern Regional Health System, Inc. disclosed total assets of
$41,996,075 and total liabilities of $42,884,499. The Debtors'
secured creditors are Gemino Healthcare Finance, LLC, and U.S.
Foods, Inc.

Gemino claims to be owed in excess of $10 million, while U.S. Foods
has a $60,000 claim.

The Debtors tapped Scroggins & Williamson, P.C., as bankruptcy
attorneys, Nelson Mulins Riley & Scarborough LLP, as outside
general counsel, and Kurtzman Carson Consultants LLC as claims and
balloting agent. GGG Partners, LLC serves as financial advisors to
the Debtors.

The Official Committee of Unsecured Creditors tapped Lamberth,
ifelli, Ellis & Nason, P.A., and Pepper Hamilton, LLP, as
attorneys. PricewaterhouseCoopers LLP serves as its financial
advisors.

                                   *      *     *

Since the Petition Date, the Debtors have sought and obtained
authority to sell their assets to Prime Healthcare Foundation -
Southern Regional, LLC.  The Sale closed on
February 1, 2016.


CLOUD CRANE: S&P Assigns 'B' Corp. Credit Rating, Outlook Stable
----------------------------------------------------------------
S&P Global Ratings said that it has assigned its 'B' corporate
credit rating to Cloud Crane LLC.  The outlook is stable.

At the same time, S&P assigned its 'B' issue-level rating and '3'
recovery rating to the company's proposed $470 million
second-priority notes due 2024.  The '3' recovery rating indicates
S&P's expectation for meaningful recovery (50%-70%; lower half of
the range) in the event of a payment default.

"The 'B' corporate credit rating on Cloud Crane reflects our
expectation that the company will maintain an adjusted
debt-to-EBITDA metric in the 4x-5x range and a FFO-to-adjusted debt
ratio of between 12% and 15%, providing it with some cushion to
absorb potential economic downturns," said S&P Global credit
analyst Tyrell Peebles.  "The rating also incorporates the
company's relatively good market position in the cyclical, highly
competitive, and fragmented niche crane equipment rental industry."
With pro forma 2016 revenue of approximately
$700 million, S&P expects that the company will benefit from its
position as the only coast-to-coast provider of lifting solutions
in the U.S.  S&P believes that Cloud Crane's fleet, which is
relatively larger and younger than its competitors' and
concentrated in larger crane types, provides it with a competitive
advantage over its smaller, more regional competitors in the crane
rental and services space.  S&P believes that Cloud Crane will
generate EBITDA margins of about 30% over S&P's forecast period,
which is driven by S&P's expectation for modest U.S. nonresidential
construction spending growth and improvements in the company's
operational efficiency following the combination
of the two crane rental businesses.

The stable outlook on Cloud Crane reflects S&P's expectation that
modest growth in U.S. nonresidential construction spending will
enable the company to maintain a total debt-to-EBITDA metric of
between 4x and 5x and a FFO-to-total debt ratio of between 12% and
15% over the next 12-18 months.  S&P's assessment of Cloud Crane's
credit measures includes S&P's expectation for some volatility
during the course of a full business cycle.

S&P could lower its ratings on Cloud Crane if the company
significantly underperforms S&P's forecast, which could be caused
by a significant decline in demand in the company's end markets and
continued capital spending that leads it to sustain an adjusted
debt-to-EBITDA metric of more than 6x.  S&P could also lower the
ratings if the company pursues debt-financed acquisitions or
shareholder returns that cause it to sustain a adjusted
debt-to-EBITDA metric of more than 6x.

S&P could raise its rating on Cloud Crane by one notch if the
company's long-term competitiveness remains good and S&P forecasts
that its credit measures will improve.  Specifically, if S&P
expects that Cloud Crane's total debt-to-EBITDA metric will fall to
around 4x, its FFO-to-debt ratio will increase to more than 20%,
and its FOCF-to-debt ratio will rise to more than 5% on a sustained
basis -- and S&P believes that the company's financial policies
will support these credit measures -- S&P could raise the rating.


CONSTELLATION ENTERPRISES: Additional $5.5M Borrowing Approved
--------------------------------------------------------------
Judge Christopher S. Sontchi of the U.S. Bankruptcy Court for the
District of Delaware issued a second interim order, allowing
Constellation Enterprises LLC, et al., to obtain postpetition
secured financing and to use cash collateral.

The Debtors sought to obtain postpetition financing up to an
aggregate principal amount of $32,891,210, which consisted of:

   (a) A superpriority priming multiple draw term loan facility
including an aggregate principal amount not to exceed $15,000,000;
and

   (b) Subject to entry of a final order, a term loan facility in
the amount of $17,891,210, which will be used to repay the
outstanding obligations, including outstanding letters of credit,
under the Prepetition PNC Credit Facility, provided by the
Prepetition PNC Credit Facility Lenders.

The Court had previously authorized the Debtors to borrow up to an
aggregate principal amount of $3,000,000 in New Money DIP Loans
provided by PNC Bank, National Association ("PNC Interim New Money
DIP Loans").

Under the Court's Second Interim Order, the Debtors were authorized
to borrow additional borrowings, in addition to the amounts
borrowed under the First Interim Order, up to an aggregate
principal amount of $5,500,000 in New Money DIP Loans, which will
be provided by certain New Money DIP Lenders.

"Good cause has been shown for immediate entry of this Second
Interim Order pursuant to Bankruptcy Rule 4001(b)(2) and (c)(2).
The authorization granted herein to enter into the DIP Documents,
to continue using Cash Collateral and to obtain funds under the
Interim New Money DIP Facility, including on a priming basis... is
necessary to avoid immediate and irreparable harm to the Debtors
and their estates.  Entry of this Second Interim Order is in the
best interests of the Debtors, their estates and creditors because
it will, among other things, allow for access to the financing
necessary for the Debtors to, among other things, maintain business
relationships with vendors, suppliers, customers and other parties,
permit the orderly continuation of their businesses and pay for
certain costs and expenses related to the Debtors' chapter 11
cases," Judge Sontchi acknowledged.

         Committee's Supplement to Preliminary Objection

The Official Committee of Unsecured Creditors submitted an
objection to the Debtors' Motion.  The Official Committee further
submitted a supplement to its preliminary objection, when no
response was made to the same by any of the parties in interest.

"The Committee nevertheless has and will continue to engage in
negotiations with the parties-in-interest in order to determine
whether a consensual resolution of the Preliminary Objection can be
reached among the parties. In the event that the Preliminary
Objection is not resolved prior to the final hearing on the DIP
Motion, the Committee intends to file a proposed revised version of
the Final Order reflecting the changes that would resolve many of
the Committee's objections to the DIP Motion," the Official
Committee avers.

                   The U.S. Trustee's Objection

Andrew R. Vara, Acting United States Trustee for Region 3, also
submitted an objection to the Debtors' Motion. "There appears to a
significant risk in these cases that the Debtors are
administratively insolvent.  While the proposed DIP facility
provides a budget to pay most administrative claims incurred prior
to the sales of the Debtors' assets, one type of creditor – the
Debtors' employees –  do not appear to be sufficiently
protected... One of the Debtors in these cases, Zero Manufacturing,
Inc. maintains a self-funded health insurance plan for its
employees.  It does not appear that the Debtors, through the DIP
facility, have ensured that all claims under this self-funded plan
that accrue post-petition will be assured of payment," Mr. Vara
contends.

The Official Committee of Unsecured Creditors is represented by:

          Christopher M. Samis, Esq.
          L. Katherine Good, Esq.
          Chantelle D. McClamb, Esq.
          WHITEFORD, TAYLOR & PRESTON LLC
          The Renaissance Centre, Suite 500
          405 North King Street
          Wilmington, DE 19801-3700
          Telephone: (302)357-3266
          Facsimile: (302)357-3288
          E-mail: csamis@wtplaw.com
                  kgood@wtplaw.com
                  cmcclamb@wtplaw.com

                - and -

          Norman N. Kinel, Esq.
          Nava Hazan, Esq.
          SQUIRE PATTON BOGGS (US) LLP
          30 Rockefeller Plaza, 23rd Floor
          New York, NY 10112
          Telephone: (212)872-9800
          Facsimile: (212)872-9815
          E-mail: norman.kinel@squirepb.com
                  nava.hazan@squirepb.com

                - and -

          Karol K. Denniston, Esq.
          SQUIRE PATTON BOGGS (US) LLP
          275 Battery Street, Suite 2600
          San Francisco, CA 94111
          Telephone: (415)954-0200
          Facsimile: (415)994-6686
          E-mail: karol.denniston@squirepb.com

Andrew R. Vara, Acting United States Trustee for Region 3, is
represented by:

          Linda J. Casey, Esq.
          OFFICE OF THE UNITED STATES TRUSTEE
          J. Caleb Boggs Federal Building
          844 King Street, Suite 2207, Lockbox 35
          Wilmington, DE 19801
          Telephone: (302)573-6491
          Facsimile: (302)573-6497

                 About Constellation Enterprises

Constellation Enterprises LLC, through its subsidiaries,
manufactures custom engineered metal components for various end
markets such as rail transportation, oil and gas, general
industrial, nuclear, aerospace, and small gas engine markets. The
company was incorporated in 1996 and is based in Caldwell, Texas.

Constellation Enterprises LLC (Bankr. D. Del. Case No. 16-11213)
and its affiliates Columbus Holdings, Inc. (Bankr. D. Del. Case
No.
16-11214), Columbus Steel Castings Company (Bankr. D. Del. Case
No.
16-11215), Eclipse Manufacturing Co. (Bankr. D. Del. Case No.
16-11219), JFC Holding Corporation (Bankr. D. Del. Case No.
16-11221), Metal Technology Solutions, Inc. (Bankr. D. Del. Case
No. 16-11218), Steel Forming, Inc. (Bankr. D. Del. Case No.
16-11220), The Jorgensen Forge Corporation (Bankr. D. Del. Case
No.
16-11222), Zero Corporation (Bankr. D. Del. Case No. 16-11216),
and
Zero Manufacturing, Inc. (Bankr. D. Del. Case No. 16-11217) filed
for Chapter 11 bankruptcy protection on May 16, 2016.

The petitions were signed by William Lowry, chief financial
officer.

The Debtors estimated their assets at between $1 million and $10
million and their debts at between $100 million and $500 million.

Adam C. Rogoff, Esq., and Joseph A. Shifer, Esq., at Kramer Levin
Naftalis & Frankel LLP serve as the Debtors' bankruptcy counsel.

Daniel J. DeFranceschi, Esq., Zachary I. Shapiro, Esq., Rachel L.
Biblo, Esq., and Joseph C. Barsalona II, Esq., at Richards, Layton
& Finger, P.A., serve as the Debtors' co-counsel.

Imperial Capital, LLC, is the Debtors' financial advisor.  Conway
Mackenzie Management Services LLC is the Debtors' crisis
management
& restructuring services provider.

Epiq Bankruptcy Solutions, LLC, is the Debtors' claims and
noticing
agent.


CONSTELLATION ENTERPRISES: Aug. 9 Auction Scheduled
---------------------------------------------------
Judge Christopher S. Sontchi of the U.S. Bankruptcy Court for the
District of Delaware approved bidding procedures submitted by
Constellation Enterprises LLC and its affiliated debtors.

The Bidding Procedures proposed this timeline:

   (a) Bid Deadline: Aug. 4, 2016 at 5:00 p.m.

   (b) Auction: Aug. 9, 2016 at 10:00 a.m.

   (c) Sale Hearing: Aug. 16, 2016 at 12:00 p.m.

   (d) Sale Objection Deadline: Aug. 8, 2016 at 12:00 p.m.

"In accordance with the Bidding Procedures, on or before July 22,
2016, the Debtors may enter into one or more purchase agreements...
subject to higher or otherwise better offers at the Auction, with
any potential bidder or bidders, to establish a minimum Qualified
Bid(s) at the Auction... the Stalking Horse Agreement(s) may
contain certain customary terms and conditions, including expense
reimbursement in favor of the Stalking Horse Purchaser(s)... in
amounts to be determined by the Debtors... not to exceed, in the
aggregate, (i) for a bid for less than substantially all of the
Subject Assets, three percent... of the proposed purchase price for
the Subject Assets, or, (ii) for a bid for all, or substantially
all, of the Subject Assets, $250,000," Judge Sontchi held.

                            Objections

Judge Sontchi approved the Debtors' Bidding Procedures despite the
objections made by the Pension Benefit Guaranty Corporation, the
United States Trustee, and the Official Committee of Unsecured
Creditors.

The Pension Benefit Guaranty Corporation contended that the
procedures set forth in the Debtors' Motion fail to take into
account that a prospective bidder may wish to assume one or more of
the defined benefit plans sponsored by the Debtors.

Andrew R. Vara, Acting United States Trustee for Region 3, averred,
among other things, that the sale was not fully marketed and that
the expense reimbursement should not be approved because it is not
necessary to induce the Purchaser, a newly formed entity organized
by the Supporting Noteholders, to be the Stalking Horse.

The Official Committee of Unsecured Creditors told the Court that
the Sale Process is skewed in favor of a sale of the Assets to
certain of the so-called "New Money DIP Lenders," which include
certain holders of the Prepetition First Lien Notes.  "The Debtors
must maximize value and encourage competitive bidding, flexibility
and market-testing – goals that are critical to the success of a
well-run sale process and the Debtors’ ability to discharge their
fiduciary duties to maximize value for the benefit of all
stakeholders.  Instead, the Sale Process, as currently proposed,
accomplishes none of those goals," the Committee contended.

The Pension Benefit Guaranty Corporation is represented by:

          Samuel C. Batsell, Esq.
          OFFICE OF THE CHIEF COUNSEL
          1200 K Street, N.W., Suite 340
          Washington, D.C. 20005-4026
          Telephone: (202)326-4020, ext. 3125
          Facsimile: (202)326-4112
          E-mail: batsell.samuel@pbgc.gov
                  efile@pbgc.gov

Andrew R. Vara, Acting United States Trustee for Region 3, is
represented by:

          Linda J. Casey, Esq.
          OFFICE OF THE UNITED STATES TRUSTEE
          J. Caleb Boggs Federal Building
          844 King Street, Suite 2207, Lockbox 35
          Wilmington, DE 19801
          Telephone: (302)573-6491
          Facsimile: (302)573-6497

The Official Committee of Unsecured Creditors is represented by:

          Christopher M. Samis, Esq.
          WHITEFORD, TAYLOR & PRESTON LLC
          The Renaissance Centre, Suite 500
          405 North King Street
          Wilmington, DE 19801-3700
          Telephone: (302)357-3266
          Facsimile: (302)357-3288
          E-mail: csamis@wtplaw.com

                  - and -

          Norman N. Kinel, Esq.
          Nava Hazan, Esq.
          SQUIRE PATTON BOGGS (US) LLP
          30 Rockefeller Plaza, 23rd Floor
          New York, NY 10112
          Telephone: (212)872-9800
          Facsimile: (212)872-9815
          E-mail: norman.kinel@squirepb.com
                  nava.hazan@squirepb.com

                  - and -

          Karol K. Denniston, Esq.
          SQUIRE PATTON BOGGS (US) LLP
          275 Battery Street, Suite 2600
          San Francisco, CA 94111
          Telephone: (415)954-0200
          Facsimile: (415)994-6686
          E-mail: karol.denniston@squirepb.com

                 About Constellation Enterprises

Constellation Enterprises LLC, through its subsidiaries,
manufactures custom engineered metal components for various end
markets such as rail transportation, oil and gas, general
industrial, nuclear, aerospace, and small gas engine markets. The
company was incorporated in 1996 and is based in Caldwell, Texas.

Constellation Enterprises LLC (Bankr. D. Del. Case No. 16-11213)
and its affiliates Columbus Holdings, Inc. (Bankr. D. Del. Case
No.
16-11214), Columbus Steel Castings Company (Bankr. D. Del. Case
No.
16-11215), Eclipse Manufacturing Co. (Bankr. D. Del. Case No.
16-11219), JFC Holding Corporation (Bankr. D. Del. Case No.
16-11221), Metal Technology Solutions, Inc. (Bankr. D. Del. Case
No. 16-11218), Steel Forming, Inc. (Bankr. D. Del. Case No.
16-11220), The Jorgensen Forge Corporation (Bankr. D. Del. Case
No.
16-11222), Zero Corporation (Bankr. D. Del. Case No. 16-11216),
and
Zero Manufacturing, Inc. (Bankr. D. Del. Case No. 16-11217) filed
for Chapter 11 bankruptcy protection on May 16, 2016.

The petitions were signed by William Lowry, chief financial
officer.

The Debtors estimated their assets at between $1 million and $10
million and their debts at between $100 million and $500 million.

Adam C. Rogoff, Esq., and Joseph A. Shifer, Esq., at Kramer Levin
Naftalis & Frankel LLP serve as the Debtors' bankruptcy counsel.

Daniel J. DeFranceschi, Esq., Zachary I. Shapiro, Esq., Rachel L.
Biblo, Esq., and Joseph C. Barsalona II, Esq., at Richards, Layton
& Finger, P.A., serve as the Debtors' co-counsel.

Imperial Capital, LLC, is the Debtors' financial advisor.  Conway
Mackenzie Management Services LLC is the Debtors' crisis
management
& restructuring services provider.

Epiq Bankruptcy Solutions, LLC, is the Debtors' claims and
noticing
agent.


CONSTELLATION ENTERPRISES: Panel Taps CBIZ as Financial Advisor
---------------------------------------------------------------
The official committee of unsecured creditors of Constellation
Enterprises LLC seeks approval from the U.S. Bankruptcy Court for
the District of Delaware to hire CBIZ Accounting, Tax and Advisory
of New York, LLC.

CBIZ will serve as the committee's financial advisor in connection
with the Chapter 11 cases of Constellation Enterprises and its
affiliates.  The services to be provided by the firm include:

     (a) analyzing the financial operations of the Debtors before
         and after their Chapter 11 filing;

     (b) analyzing the financial ramifications of any proposed
         transactions for which the Debtors seek bankruptcy court
         approval;

     (c) conducting any requested financial analysis including
         verifying the material assets and liabilities of the
         Debtors, and their values;

     (d) assisting the committee in its review of the monthly      
   
         statements of operations submitted by the Debtors;

     (e) performing claims analysis for the committee;

     (f) assisting the committee in its evaluation of cash flow or

         other projections;

     (g) scrutinizing cash disbursements on an on-going basis for
         the period subsequent to the commencement of the
         bankruptcy cases;

     (h) performing forensic investigating services, as requested
         by the committee and counsel, regarding pre-bankruptcy
         activities of the Debtors;

     (i) analyzing transactions with insiders and related or
         affiliated companies;

     (j) analyzing transactions with the Debtors' financing
         institutions;

     (k) attending meetings of creditors and conference calls
         with representatives of the creditor groups and their
         counsel;

     (l) preparing certain valuation analyses of the Debtors'
         businesses and assets using various professionally        

         accepted methodologies;

     (m) preparing alternative business projections relating to
         the valuation of the Debtors' business enterprise;

     (n) evaluating financing proposals and alternatives proposed
         by the Debtors for exit financing, debtor-in-possession
         financing, and capital raising supporting any plan of
         reorganization;

     (o) monitoring the Debtors' sales process, assisting the
         committee in evaluating sale proposals and alternatives,
         and attending any auctions of the Debtors' assets;

     (p) assisting the committee in its review of the financial
         aspects of a plan of reorganization or liquidation
         submitted by the Debtors; and

     (q) assisting counsel in preparing for any depositions and
         testimony, and providing expert testimony at depositions
         and court hearings.

The hourly rates for CBIZ professionals who are expected to provide
the services are:

     Esther DuVal          $750
     Charles Berk          $675
     Brian Ryniker         $625
     Jeffrey Varsalone     $585
     Robert Neumann        $435
     Gerard D'Amato        $300
     Zachary Alvarez       $205

Brian Ryniker, managing director of CBIZ, 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:

     Brian Ryniker
     CBIZ Accounting, Tax and
     Advisory of New York LLC
     111 West 40th Street
     New York, NY 10018

                 About Constellation Enterprises

Constellation Enterprises LLC, through its subsidiaries,
manufactures custom engineered metal components for various end
markets such as rail transportation, oil and gas, general
industrial, nuclear, aerospace, and small gas engine markets. The
company was incorporated in 1996 and is based in Caldwell, Texas.

Constellation Enterprises LLC (Bankr. D. Del. Case No. 16-11213)
and its affiliates Columbus Holdings, Inc. (Bankr. D. Del. Case No.
16-11214), Columbus Steel Castings Company (Bankr. D. Del. Case No.
16-11215), Eclipse Manufacturing Co. (Bankr. D. Del. Case No.
16-11219), JFC Holding Corporation (Bankr. D. Del. Case No.
16-11221), Metal Technology Solutions, Inc. (Bankr. D. Del. Case
No. 16-11218), Steel Forming, Inc. (Bankr. D. Del. Case No.
16-11220), The Jorgensen Forge Corporation (Bankr. D. Del. Case No.
16-11222), Zero Corporation (Bankr. D. Del. Case No. 16-11216), and
Zero Manufacturing, Inc. (Bankr. D. Del. Case No. 16-11217) filed
for Chapter 11 bankruptcy protection on May 16, 2016.

The petitions were signed by William Lowry, chief financial
officer.

The Debtors estimated their assets at between $1 million and $10
million and their debts at between $100 million and $500 million.

Adam C. Rogoff, Esq., and Joseph A. Shifer, Esq., at Kramer Levin
Naftalis & Frankel LLP serve as the Debtors' bankruptcy counsel.

Daniel J. DeFranceschi, Esq., Zachary I. Shapiro, Esq., Rachel L.
Biblo, Esq., and Joseph C. Barsalona II, Esq., at Richards, Layton
& Finger, P.A., serve as the Debtors' co-counsel.

Imperial Capital, LLC, is the Debtors' financial advisor.  Conway
Mackenzie Management Services LLC is the Debtors' crisis management
& restructuring services provider.

Epiq Bankruptcy Solutions, LLC, is the Debtors' claims and noticing
agent.


CONSTELLATION ENTERPRISES: Schedules of Assets & Debts Filed
------------------------------------------------------------
Constellation Enterprises LLC filed with the U.S. Bankruptcy Court
for the District of Delaware its schedules of assets liabilities,
disclosing:

     Name of Schedule        Assets            Liabilities
     ----------------        -----------       ---------------
  A. Real Property           $0
  B. Personal Property       $348,616.57
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                            $158,088,210.43
  E. Creditors Holding
     Unsecured Priority
     Claims                                    $0
  F. Creditors Holding
     Unsecured Non-Priority
     Claims                                    $  1,634,457.38
                            -----------        ---------------
        Total               $348,616.57        $159,722,667.81

A copy of the schedules is available for free at:

                        https://is.gd/PFxioA

The Hon. Christopher S. Sontchi of the U.S. Bankruptcy Court for
the District of Delaware granted Constellation Enterprises LLC, et
al., an extension of the deadline to file their schedules of assets
and liabilities, and statements of financial affairs through and
including June 22, 2016.

The Court order was entered on July 5.  The Debtors, accordingly,
filed their schedules and statements on June 22.

Debtor-affiliate Columbus Holdings Inc listed $0 in combined real
and personal property against $158,088,210.43 in secured claims.

                   About Constellation Enterprises

Constellation Enterprises LLC, through its subsidiaries,
manufactures custom engineered metal components for various end
markets such as rail transportation, oil and gas, general
industrial, nuclear, aerospace, and small gas engine markets. The
company was incorporated in 1996 and is based in Caldwell, Texas.

Constellation Enterprises LLC (Bankr. D. Del. Case No. 16-11213)
and its affiliates Columbus Holdings, Inc. (Bankr. D. Del. Case No.
16-11214), Columbus Steel Castings Company (Bankr. D. Del. Case No.
16-11215), Eclipse Manufacturing Co. (Bankr. D. Del. Case No.
16-11219), JFC Holding Corporation (Bankr. D. Del. Case No.
16-11221), Metal Technology Solutions, Inc. (Bankr. D. Del. Case
No. 16-11218), Steel Forming, Inc. (Bankr. D. Del. Case No.
16-11220), The Jorgensen Forge Corporation (Bankr. D. Del. Case No.
16-11222), Zero Corporation (Bankr. D. Del. Case No. 16-11216), and
Zero Manufacturing, Inc. (Bankr. D. Del. Case No. 16-11217) filed
for Chapter 11 bankruptcy protection on May 16, 2016.

The petitions were signed by William Lowry, chief financial
officer.

The Debtors estimated their assets at between $1 million and $10
million and their debts at between $100 million and $500 million.

Adam C. Rogoff, Esq., and Joseph A. Shifer, Esq., at Kramer Levin
Naftalis & Frankel LLP serve as the Debtors' bankruptcy counsel.

Daniel J. DeFranceschi, Esq., Zachary I. Shapiro, Esq., Rachel L.
Biblo, Esq., and Joseph C. Barsalona II, Esq., at Richards, Layton
& Finger, P.A., serve as the Debtors' co-counsel.

Imperial Capital, LLC, is the Debtors' financial advisor. Conway
Mackenzie Management Services LLC is the Debtors' crisis management
& restructuring services provider.

Epiq Bankruptcy Solutions, LLC, is the Debtors' claims and noticing
agent.


COSHOCTON HOSPITAL: Premier Anesthesia Appointed to Committee
-------------------------------------------------------------
The U.S. Trustee for Region 9 on July 11 appointed Premier
Anesthesia, LLC, to serve on the official committee of unsecured
creditors of Coshocton County Memorial Hospital Association.

The bankruptcy watchdog had earlier appointed Aramark Corporation,
EmCare Inc., Healthcare Financial Systems Inc., and Sodexo
Operations LLC, to the Creditors' Committee.

Premier Anesthesia can be reached through:

     Premier Anesthesia, LLC
     Attn: Randy A. Walker
     2655 Northwinds Parkway,
     Alpharetta, GA 30009
     Phone: (678) 690-7812

            About Coshocton County Memorial Hospital

Coshocton County Memorial Hospital Association sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. N. D. Ohio Case No.
16-51552) on June 30, 2016.  The petition was signed by Lorri
Wildi, chief executive officer.  

The case is assigned to Judge Alan M. Koschik.

At the time of the filing, the Debtor estimated its assets and
liabilities at $10 million to $50 million.


COTIVITI CORP: Moody's Raises CFR to B1, Outlook Remains Stable
---------------------------------------------------------------
Moody's Investors Service upgraded Cotiviti's Corporate Family
Rating to B1, from B2, as well as its Probability of Default
rating, to B1-PD from B2-BD.  Moody's affirmed the B1 rating on
Cotiviti's first-lien term loan and revolving credit facilities,
and upgraded the rating on the second-lien term loan to B3, from
Caa1.  The second-lien term loan's original $265 million balance
has been reduced by 90% with proceeds from Cotiviti's May IPO.
Moody's also assigned a Speculative Grade Liquidity rating of
SGL-1.  The outlook remains stable.

Upgrades:

Issuer: Cotiviti Corporation

  Probability of Default Rating, Upgraded to B1-PD from B2-PD
  Corporate Family Rating, Upgraded to B1 from B2
  Senior Secured Second Lien Bank Credit Facility, Upgraded to B3
   (LGD6) from Caa1 (LGD5)

Assignments:

  Speculative Grade Liquidity rating, Assigned SGL-1

Affirmations:

  Senior Secured First Lien Bank Credit Facility, Affirmed B1
   (LGD3)

Outlook Actions:
  Outlook, Remains Stable

RATINGS RATIONALE

Cotiviti's B1 CFR reflects the company's ongoing healthy revenue
growth, relatively modest scale, strong, sustained profit margins,
and the significant deleveraging, to below 4.0 times (on a
Moody's-adjusted basis), achieved as the result of applying
proceeds from the June 2016 IPO towards paying down second-lien
debt.  Cotiviti has also made progress in its integration of May
2014's leveraging acquisition of iHealth Technologies, which has
provided an important buffer against the negative impact of the
Centers for Medicaid and Medicare's ("CMS") decision to suspend
audits of short-stay claims.  Since the acquisition and IPO,
leverage has been brought down by more than two full turns.  The B1
rating also reflects our expectation that, as a public company,
Cotiviti will operate within a leverage band of approximately 3.0
to 4.0 times.  However, it may move temporarily above 4.0 times to
make tuck-in acquisitions or to make debt-funded distributions to
its private equity owners, who, after the IPO, still own 65% of the
company.

The legacy iHealth business is solidly profitable, and its
pre-screening service for medical claims on behalf of insurance
payers, before the bills are paid to healthcare providers,
complements the (legacy Connolly) recovery audit services to health
insurers and the CMS after those entities have made payments on
claims.  With substantial revenues and profits from the legacy
iHealth business, Cotiviti should see solid revenue and EBITDA
growth (about 10%) in 2016, and as a result Moody's expects
leverage to move toward 3.6 times by year-end.  The combined
company can generate free cash flows representing better than 10%
of debt, solid for the B1 rating.  The ratings benefit from
Cotiviti's very good liquidity profile (reflected in the SGL-1
liquidity rating), leading market positions, and positive
fundamentals in the healthcare-recovery vertical, in which claims
volumes and values are expected to grow.

The stable ratings outlook reflects the expectation for revenue and
profitability growth driven by the growth of healthcare claims
volumes and values as the U.S. population ages and the costs and
complexity of healthcare continue to rise.  The ratings could be
upgraded if Cotiviti continues to deliver growth in its scale while
maintaining profitability, and demonstrates a track record of
conservative financial policies, including reduced PE ownership and
debt reduction such that debt/EBITDA holds near 3.0 times.  The
ratings could be downgraded if Cotiviti demonstrates aggressive
financial policies; if it loses a significant customer; if pricing
pressure leads to our expectation of ongoing margin compression; if
free-cash-flow / debt falls to the mid-single-digit percentages,
or; if debt/EBITDA holds at or above 5.0 times.

Cotiviti Corporation ("Cotiviti"; formed by Connolly's acquisition
of iHealth in May 2014) is a leading provider of technology-enabled
pre- and postpayment integrity solutions to health insurers and the
CMS, as well as to retail businesses.  Moody's anticipates Cotiviti
will generate revenues of approximately $600 million in 2016.
Private equity firm Advent International bought Connolly for a 12x
multiple in mid-2012, and in September 2015 the company was
rebranded as Cotiviti.  In late May 2016, Cotiviti launched an IPO,
from which it used nearly all of the net proceeds to pay down more
than $200 million of second-lien debt.

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


CST BRANDS: S&P Affirms 'BB' CCR & Revises CreditWatch to Dev.
--------------------------------------------------------------
S&P Global Ratings revised its CreditWatch implications on San
Antonio, Texas-based fuel and merchandise retailer CST Brands Inc.
to developing from negative.  The corporate credit rating remains
'BB'.

"The CreditWatch revision follows the closing of the California and
Wyoming asset sales and reflects our updated view of potential
outcomes that could arise from the company's strategic
alternatives," said credit analyst Andy Sookram.  "CST Brands will
use proceeds from the transactions to reduce revolver borrowings,
which resulted in pro forma leverage of around 2.7x.  As a result
of lower debt, we believe CST Brands could become more attractive
to potential buyers."  

S&P aims to resolve its CreditWatch placement when it gains more
insight into the company's strategic alternatives and the potential
implications on the company's credit profile, including its capital
structure and financial policies.  S&P's resolution could also
include withdrawing the ratings if CST Brands is acquired entirely
in a transaction and all outstanding rated debt is repaid or
assumed.  The timing of the resolution will depend on the evolution
of any announcement stemming from the strategic review.


CURTIS JAMES JACKSON: Judge Approves Ch. 11 Plan
------------------------------------------------
David Owens, writing for Hartford Courant, reported that a U.S.
bankruptcy court judge approved a Chapter 11 reorganization plan
for hip-hop mogul and businessman 50 Cent.

The effective date of the plan will be 15 days from the time formal
approval is entered into the record by U.S. Bankruptcy Judge Ann M.
Nevins, according to the report.

On the effective date, 50 Cent will make a $7.4 million payment to
begin the process, the report said.  Judge Nevins approved the
reorganization plan after a hearing in U.S. Bankruptcy Court in
Hartford, the report related.

Those holding unsecured claims against Jackson will receive 74
percent to 92 percent of the money they are owed, depending on how
quickly Jackson makes payments, under the agreement Judge Nevins
approved, the report further related.  The faster he pays, the less
he has to pay, the report said. Jackson has five years to make the
payments, the report further related.

Curtis James Jackson, III, aka 50 Cent, filed for Chapter 11
bankruptcy protection (Bankr. D. Conn. Case No. 15-21233) on
July 13, 2015.


D & C ENTERPRISES: Case Summary & 16 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: D & C Enterprises PC
           dba Cedar Ridge Animal Hospital
        608 SW Lake Side Dr
        Lees Summit, MO 64064

Case No.: 16-41803

Chapter 11 Petition Date: July 11, 2016

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

Judge: Hon. Dennis R. Dow

Debtor's Counsel: George J. Thomas, Esq.
                  PHILLIPS & THOMAS LLC
                  5200 W 94th Terrace, Suite 200
                  Prairie Village, KS 66207-2521
                  Tel: 913-385-9900
                  Fax: 913-385-9900
                  E-mail: geojthomas@gmail.com

Total Assets: $35,100

Total Liabilities: $1.06 million

The petition was signed by Dr Cassie Cure, president.

A copy of the Debtor's list of 16 unsecured creditors is available
for free at http://bankrupt.com/misc/mowb16-41803.pdf


DBSI INC: Court Denies Trustee's Bid to Enforce Settlement
----------------------------------------------------------
In the adversary proceeding captioned JAMES R. ZAZZALI, as
Litigation Trustee for the DBSI Estate Litigation Trust, Plaintiff,
v. MARTY GOLDSMITH and JOHN DOE 1-10, Defendants, Adv. No.
12-06056-TLM (Bankr. D. Idaho), Judge Terry L. Myers of the United
States Bankruptcy Court for the District of Idaho denied the
"motion to enforce settlement" filed by the plaintiff, James R.
Zazzali, Trustee of the DSBI Estate Litigation Trust.

On November 3, 2015, the Court entered an order denying Zazzali's
motion for summary judgment and ordering Zazzali and the defendant
Marty Goldsmith to engage in mediation and report the results of
that mediation to the Court in March 2016.  On March 14, 2016, the
mediator, Walter H. Bithell, filed a report.  Mr. Bithell's report
indicated, among other things, that "The parties did not conclude
the mediation by the Court's March 4, 2016, deadline, but the
mediation is ongoing as the parties are continuing to negotiate."
He also noted that the parties had arrived at an "agreed course of
action" to resolve the remaining issue, and that "The dispute will
likely be resolved if the parties are able to successfully
implement the agreed course of action."  Mr. Bithell recommended
that "the parties be allowed to continue the mediation process."

On May 27, 2016, Zazzali filed a "motion to enforce settlement,"
contending that an agreement of settlement had been reached and
that a "term sheet" executed by the parties memorialized what was
intended to be an enforceable settlement agreement.  Zazzali
supported the Motion with an affidavit and several exhibits.
Goldsmith responded with motions regarding the hearing to be held
on Zazzali's Motion, and regarding the use of mediation and
post-mediation communications in response to the Motion.

After evaluating all that has been submitted, however, Judge Myers
concluded that there was not a final and enforceable contract of
settlement.  The judge found that there was a material term (the
form of instruction sheet) that remained to be negotiated after
execution of the Term Sheet.

"Mr. Bithell's mediation report is consistent with the conclusion
that a final and enforceable agreement was not formed. It expressly
states that the mediation did not conclude but instead was
"ongoing" and the parties still negotiating," Judge Myers stated.

A full-text copy of Judge Myers's June 28, 2016 memorandum of
decision is available at https://is.gd/fvRUna from Leagle.com.

The bankruptcy case is IN RE DBSI INC., et al., Chapter 11,
Debtors, Case No. 08-12687-CSS (Bankr. D. Idaho).

James R Zazzali is represented by:

          Dale Barney, Esq.
          Mark Barry Conlan, Esq.
          Jennifer A. Hradil, Esq.
          Brett S. Theisen, Esq.
          GIBBONS, P.C.
          One Gateway Center
          Newark, NJ 07102-5310
          Tel: (973)596-4500
          Fax: (973)596-0545
          Email: dbarney@gibbonslaw.com
                 mconlan@gibbonslaw.com
                 jhradil@gibbonslaw.com
                 btheisen@gibbonslaw.com

            -- and --

          Keely E. Duke, Esq.
          Kevin Alan Griffiths, Esq.
          DUKE SCANLAND AND HALL, PLLC
          1087 W. River St., Suite 300
          Boise, ID 83702
          Tel: (208)342-3310
          Fax: (208)342-3299
          Email: ked@dukescanlan.com
                 kag@dukescanlan.com

Marty Goldsmith is represented by:

          L. Jason Cornell, Esq.
          Kimbell D. Gourley, Esq.
          Brian F. McColl, Esq.
          Carl D. Neff, Esq.
          FOX ROTHSCHILD LLP
          Citizens Bank Center
          919 North Market Street, Suite 300
          Wilmington, DE 19899-2323
          Tel: (302)654-7444
          Fax: (302)656-8920
          Email: cneff@foxrothschild.com

                       About DBSI Inc.

Headquartered in Meridian, Idaho, DBSI Inc. and its affiliates
were engaged in numerous commercial real estate and non-real
estate projects and businesses.  On Nov. 10, 2008, and other
subsequent dates, DBSI and 180 of its affiliates filed for
Chapter 11 protection (Bankr. D. Del. Lead Case No. 08-12687).
DBSI estimated assets and debts between $100 million and
$500 million as of the Chapter 11 filing.

Lawyers at Young Conaway Stargatt & Taylor LLP represent the
Debtors as counsel.  The Official Committee of Unsecured Creditors
tapped Greenberg Traurig, LLP, as its bankruptcy counsel.
Kurtzman Carson Consultants LLC is the Debtors' notice claims and
balloting agent.

Joshua Hochberg, a former head of the Justice Department fraud
unit, served as an Examiner and called the seller and servicer of
fractional interests in commercial real estate an "elaborate shell
game" that "consistently operated at a loss" in his report
released in October 2009.  McKenna Long & Aldridge LLP was counsel
to the Examiner.

On Sept. 11, 2009, the Honorable Peter J. Walsh entered an Order
appointing James R. Zazzali as Chapter 11 trustee for the Debtors'
estates.  On Oct. 26, 2010, the trustee won confirmation of the
Second Amended Joint Chapter 11 Plan of Liquidation for DBSI,
paving the way for it to pay creditors and avoid years of
expensive litigation over its complex web of affiliates.  The
plan, which was declared effective Oct. 29, 2010, was co-proposed
by DBSI's unsecured creditors committee.

Pursuant to the confirmed Chapter 11 plan, the DBSI Real Estate
Liquidating Trust was established as of the effective date and
certain of the Debtors' assets, including the Debtors' ownership
interest in Florissant Market Place was transferred to the RE
Trust.  Mr. Zazzali and Conrad Myers were appointed as the post-
confirmation trustees.  Messrs. Zazzali and Myers are represented
by lawyers at Blank Rime LLP and Gibbons P.C.


DENTAL PLUS: Voluntary Chapter 11 Case Summary
----------------------------------------------
Debtor: Dental Plus Management, LLC
           fka Ronald J. Moon, DDS PC
           dba Dental Cosmetics Center of Texas & dba Dental       
             
               Cosmetics Center of Houston
           aka Mood Cosmetic Dentistry
        3100 Timmons Lane, Suite 260
        Houston, TX 77027

Case No.: 16-33482

Chapter 11 Petition Date: July 11, 2016

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

Judge: Hon. Jeff Bohm

Debtor's Counsel: Margaret Maxwell McClure, Esq.
                  LAW OFFICE OF MARGARET M. MCCLURE
                  909 Fannin, Suite 3810
                  Houston, TX 77010
                  Tel: 713-659-1333
                  Fax: 713-658-0334
                  E-mail: margaret@mmmcclurelaw.com

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

Estimated Liabilities: $1 million to $10 million

The petition was signed by Ronald J. Moon, managing member.

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


ENERGY XXI: Committee Taps SSG, Chiron as Financial Advisors
------------------------------------------------------------
The official committee of equity security holders of Energy XXI,
Ltd. seeks approval from the U.S. Bankruptcy Court for the Southern
District of Texas to hire SSG Capital Advisors, LLC and Chiron
Financial LLC.

The firms will serve as the committee's investment bankers and
financial advisors.  The services to be provided by the firms
include:

     (a) reviewing and analyzing the Debtors' business,
         operations, short-term cash flow and projections;

     (b) analyzing valuations prepared by the Debtors, the
         unsecured creditors' committee or any other party;

     (c) analyzing restructuring and other strategic alternatives
         available;

     (d) assisting in the determination of the capital structure
         of a potential alternative plan of reorganization;

     (e) advising the equity committee on tactics and strategies
         for negotiating with the Debtors and all stakeholders;

     (f) assisting the equity committee to raise new debt or
         equity to facilitate a plan of reorganization;

     (g) rendering financial advice to the equity committee and
         participating in meetings or negotiating with the Debtors

         and all other stakeholders in connection with any
         restructuring or strategic alternatives;

     (h) reviewing financial-related disclosures made by the
         Debtors;

     (i) assessing and monitoring the Debtors' short term cash
         flow, liquidity and operating results; and

     (j) assisting the equity committee in the prosecution of
         responses to motions filed in the Debtors' cases.

SSG and Chiron will receive a fee, which is 2% of the financing
raised in the event of a closing of a financing by a party that
they have introduced to the Debtors.  

Moreover, the equity committee has agreed to a contingent fee
component in connection with its engagement of both firms and its
proposed counsel Hoover Slovacek LLP.

The contingent fee will be equal to a 20% in-kind share of any
recovery by the holders of equity interests in the Debtors' cases.
SSG and Chiron will entitled to receive 15% of the total contingent
fee while Hoover will receive the remaining 5%.

In court filings, Mark Chesen, managing director of SSG, and Scott
Johnson, managing director of Chiron, disclosed the firms are
"disinterested persons" as defined in section 101(14) of the
Bankruptcy Code.

The firms can be reached through:

     Mark E. Chesen
     SSG Capital Advisors, LLC
     Five Tower Bridge, Suite 420
     300 Barr Harbor Drive
     West Conshohocken, PA 19428
     Phone: (610) 940-5801
     Fax: (610) 940-3875
     Email: mchesen@ssgca.com

          -- and --

     Scott W. Johnson
     Chiron Financial LLC
     1301 McKinney, Suite 2800
     Houston, Texas 77010
     Phone: (713) 929-9080

                      About Energy XXI, Ltd.

Energy XXI Ltd (OTCMKTS: EXXIQ) was incorporated in Bermuda on
July 25, 2005.  With its principal operating subsidiary
headquartered in Houston, Texas, Energy XXI is engaged in the
acquisition, exploration, development and operation of oil and
natural gas properties onshore in Louisiana and Texas and in the
Gulf of Mexico Shelf.

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

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

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

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

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

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


ENLINK MIDSTREAM: Moody's Rates New $400MM Sr. Unsec. Notes Ba2
---------------------------------------------------------------
Moody's Investors Service assigned a Ba2 rating to EnLink Midstream
Partners, LP's proposed $400 million senior unsecured notes.
Proceeds from the proposed bond offering will be used to reduce
drawings outstanding on the company's revolving credit facility.
EnLink LP's Ba2 Corporate Family Rating, Ba2-PD Probability of
Default Rating, existing Ba2 senior unsecured notes ratings, and
SGL-3 Speculative Grade Liquidity Rating are unaffected.  The
rating outlook is stable.

"EnLink LP's proposed bond issuance will help to support its
liquidity profile in a debt neutral transaction through the
reduction of outstanding borrowings under its revolving credit
facility," commented Gretchen French, Moody's Vice President.  "Our
underlying views on EnLink LP reflected in our July 8, 2016 rating
action remain unchanged."

Rating Assignments: EnLink Midstream Partners, LP

  $400 Million Senior Unsecured Bonds due 2026, Assigned at Ba2
   (LGD 4)

Moody's Current Ratings for EnLink Midstream Partners, LP:

  Corporate Family Rating, Ba2
  Probability of Default Rating, Ba2-PD
  Senior Unsecured Bonds/Debentures, Ba2 (LGD 4)
  Speculative Grade Liquidity Rating, SGL-3
  Outlook, Stable

RATINGS RATIONALE

EnLink LP's Ba2 Corporate Family Rating is consistent with the
rating of its controlling owner, Devon Energy Corporation (Devon).
While EnLink LP's stand-alone credit profile is more consistent
with a Ba1 rating, EnLink LP's high customer concentration risk
with Devon, combined with Devon's controlling ownership,
effectively limits its rating to that of Devon's.  EnLink LP's
stand-alone credit profile benefits from a very high proportion of
fee-based revenue and strong amount of minimum volume commitments
that help provide volume stability and support cash flow visibility
over the next few years, and an increasingly coordinated growth
strategy with Devon.  These strengths are partially offset by
EnLink LP's concentration in the mature Barnett Shale, where
volumes have been in decline, and the need to continue to offset
this exposure through growth in other regions, which entails
execution risk.  The rating is also restrained by the inherent
risks associated with its high-payout master limited partnership
(MLP) business model.

EnLink LP should have adequate liquidity through mid-2017, although
the company's MLP structure reduces its financial flexibility
because of ongoing distributions.  As of March 31, 2016, remaining
growth capital expenditures in 2016 are expected to range from $298
million to $423 million.  While EnLink LP's next long-term debt
maturity is not until 2019, the company does have a $500 million
installment payment associated with its acquisition of Tall Oak due
in January 2017 ($250 million of which can be deferred by 12
months).  As of March 31, 2016 and pro forma for the notes
issuance, EnLink LP had $143 million drawn and $11 million in
letters of credit under its $1.5 billion unsecured revolving credit
facility, which matures in May 2020.  The credit facility is only
subject to customary MACs on matters such as litigation, taxes,
environmental liabilities and legal compliance. Financial covenants
include a maximum total leverage covenant of 5.0x (relaxed to 5.5x
after an acquisition, and excludes the $500 million installment
payment).  Moody's expects the company to remain in covenant
compliance through 2016, but covenant compliance could tighten in
2017 unless EnLink LP issues additional equity or completes asset
sales.

EnLink LP's capital structure is comprised of an unsecured
revolving credit facility and unsecured notes.  Both EnLink's
proposed and existing unsecured notes do not benefit from upstream
guarantees from operating subsidiaries and are, as a result,
structurally subordinated to the obligations of EnLink LP's
subsidiaries.  Despite this structural subordination, the unsecured
notes are rated in-line with the Corporate Family Rating as these
obligations are not material in size relative to the unsecured
notes to warrant notching below the Corporate Family Rating.

EnLink LP's stable outlook reflects the stable outlook on its
controlling owner, Devon.

EnLink LP's ratings could be upgraded if Devon's ratings were to be
upgraded and EnLink LP is able to maintain leverage in the 4.5x
range and distribution coverage of at least 1.0x.

EnLink LP's ratings could be downgraded if Devon were to be
downgraded.  EnLink LP's ratings could also be downgraded if
debt/EBITDA increased to above 5.5x for a sustained period.
Material debt levels incurred at EnLink Midstream, LLC (EnLink GP)
would also pressure EnLink LP's rating.

The principal methodology used in this rating was Global Midstream
Energy published in December 2010.

EnLink Midstream Partners, LP, headquartered in Dallas, Texas, is a
publicly traded master limited partnership.


ESP RESOURCES: Proposes to Hire TST's Charles Johnson as CRO
------------------------------------------------------------
ESP Petrochemicals Inc. and ESP Resources, Inc. seek approval from
the U.S. Bankruptcy Court for the Southern District of Texas to
hire a chief restructuring officer.

The Debtors propose to hire Charles Johnson of TST Accounting, LLC
as their CRO in connection with their Chapter 11 cases.  Mr.
Johnson's duties and responsibilities are:

     (a) to exercise authority to manage the business affairs of
         the Debtors:

         (i) to make all decisions regarding the hiring and firing

             of personnel;

        (ii) to make all decisions regarding the expenses incurred

             by Debtors, and the terms of disbursements made by
             Debtors for same;

       (iii) to manage the collection of accounts receivable and
             factoring;

        (iv) to authorize the repairs and maintenance of estate
             assets;

     (b) to consult with creditors, the US trustee, the Securities

         and Exchange Commission, the committee of creditors
         appointed by the court, and other parties;

     (c) to assist bankruptcy counsel in amending or preparing
         schedules, statements of financial affairs, and monthly
         operating reports on a timely basis;

     (d) to investigate and pursue all available Chapter 5 causes
         of action and non-Chapter 5 causes of action against  
         creditors;

     (e) to cause Debtors to pay the U.S. trustee's quarterly
         fees;

     (f) to assist bankruptcy counsel in preparing and filing a
         plan and disclosure statement; and

     (g) to be added as a signatory on Debtors' debtor-in-
         possession accounts;

Mr. Johnson will be paid $200 per hour for his services.  He will
be assisted by other personnel whose hourly rates are:

     Managing Member      $200
     Senior Analyst       $150
     Paraprofessional     $125

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

The firm can be reached through:

     Charles L. Johnson
     TST Accounting, LLC
     11625 Spring Cypress Rd., Suite E
     Houston, Texas 77377
     Phone: 281-246-4420
     Fax: 281-709-6820  
                       About ESP Resources

Lafayette, Louisiana-based ESP Resources, Inc., is a manufacturer,
distributor and marketer of specialty chemicals and supply
specialty chemicals for a range of oil and gas field applications,
including killing bacteria, separating suspended water and other
contaminants from crude oil and separating oil from gas.  The
company also offers analytical services and custom-blended
chemicals for oil and gas wells.

ESP Resources, Inc., and its affiliate ESP Petrochemicals, Inc.,
sought protection under Chapter 11 of the Bankruptcy Code in the
U.S. Bankruptcy Court for the Southern District of Texas
(Victoria) (Case Nos. 16-60021 and 16-60020) on March 10, 2016.
The cases are jointly administered under Case No. 16-60020.

The petition was signed by David A. Dugas, chief executive
officer.  The case is assigned to Judge David R. Jones.

The Debtors are represented by Melissa Anne Haselden, Esq., and
Edward L Rothberg, Esq., at Hoover Slovacek LLP.

ESP Resources estimated assets of $4.08 million and debt of $9.55
million.  ESP Petrochemicals, Inc., estimated both assets and
liabilities in the range of $1 million to $10 million.


EXTRACTION OIL: Moody's Assigns B3 CFR, Rates New $500MM Notes Caa1
-------------------------------------------------------------------
Moody's Investors Service assigned first time ratings to Extraction
Oil and Gas Holdings, LLC (Extraction), including a B3 Corporate
Family Rating (CFR) and a Caa1 rating to its proposed $500 million
senior unsecured notes.  The net proceeds from the new notes will
be used to refinance a $430 million term loan and reduce
outstanding borrowings on its revolving credit facility. The
outlook is stable.

"Over the past two years Extraction has successfully transitioned
from being a new company acquiring acreage to growing its
production to approximately 26,000 boe per day," commented James
Wilkins, a Moody's Vice President - Senior Analyst, "Extraction's
growth plans will require significant capital and result in
negative free cash flow over the next three years."

This summarizes the ratings.

Issuer: Extraction Oil & Gas Holdings, LLC

Ratings assigned:
  Corporate Family Rating, Assigned B3
  Probability of Default Rating, Assigned B3-PD
  Senior Unsecured Regular Bond/Debenture, Assigned Caa1 (LGD4)

Outlook Actions:
  Outlook – Stable

RATINGS RATIONALE

The B3 Corporate Family Rating (CFR) reflects Extraction's modest
scale, geographic concentration as a pure play Wattenberg Field
producer, significant percentage of proved undeveloped reserves and
short operating history as a company.  The company benefits from
having a well-defined asset base with production yielding over 50%
crude oil, a critical mass of strategically located contiguous
acreage and low F&D costs (below $10/boe).  Extraction has rapidly
grown since 2014, ramping up production from less than 2,000
boe/day to approximately 26,000 boe/day in 2016.  It continues to
be in a rapid growth phase that will require external capital
(beyond the 2016 high yield debt issuance) over the next three
years to develop its reserves as it generates negative free cash
flow.  Extraction currently sells its production at the wellhead,
but has entered into a long-term take-or-pay crude oil
transportation contract starting in November 2016 that requires the
company to more than double production over the next three years or
find third party sources of crude oil to meet its contractual
obligation.

Following the issuance of the $500 million senior unsecured notes
due 2021 and repayment of the second lien term loan due 2019,
Extraction's balance sheet debt will be comprised of the senior
notes and secured revolving credit facility due November 2018.
Under Moody's Loss Given Default Methodology, the unsecured notes
are rated Caa1, one notch below the CFR, because they are
contractually subordinated to the secured revolver debt.  The notes
and revolver are guaranteed by Extraction's existing and future
subsidiaries.

Extraction has adequate liquidity supported by cash balances ($66
million as of March 31, 2016,), cash flow from operations and
capacity under its revolving credit facility.  The company plans to
spend approximately $310 million on capital expenditures in 2016,
with $285 million allocated to the drilling and completion of wells
in the Wattenberg Field, which will result in the company
generating negative free cash flow.  Capital expenditures were $81
million in the first quarter 2016.  Moody's do not expect
Extraction to produce positive free cash flow in the near-term and
it will likely be reliant on its revolving credit facility and
potentially additional external financing to fund the shortfall in
cash flows.

The $500 million revolving credit facility due November 2018 had a
$285 million borrowing base as of March 31, 2016, and $235 million
outstanding.  The borrow base is re-determined semi-annually on May
1 and Nov. 1.  Moody's expect the company to repay the outstanding
revolver borrowings with part of the proceeds from the proposed
$500 million senior unsecured notes and existing cash balances
sourced from Extraction's recent equity raise.  The revolver has
two financial covenants -- a maximum leverage (net debt to EBITDAX)
of 4.0x and a minimum current ratio of 1.0x.  Moody's expects
Extraction to remain in compliance with its financial covenants
over the next 12-15 months (through mid-2017).

The stable outlook reflects our expectation that the company will
continue to grow its production and develop its assets without
increasing leverage.  The rating could be upgraded if the company
grew production to 35 Mboe/day and proved developed reserves to 60
MMboe, while maintaining retained cash flow to debt above 20%.  A
downgrade would be considered if retained cash flow to debt fell
below 10% on a sustained basis or if the company did not continue
to grow production.

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

Extraction Oil and Gas Holdings, LLC, headquartered in Denver,
Colorado, is a private oil and gas exploration and production (E&P)
company with 93,000 net acres in its current focus area of the
Wattenberg Field of the Denver-Julesburg (DJ) Basin.  The company
had average production of 26,000 barrels of oil equivalent per day
(boe/day) in the first four months of 2016 and proved developed
(PD) reserves of 30MMboe, which are comprised of crude oil (47%),
natural gas (30%), and NGLs (23%).


EXTRACTION OIL: S&P Assigns 'B-' CCR & Rates $500MM Notes 'B-'
--------------------------------------------------------------
S&P Global Ratings assigned its 'B-' corporate credit rating to
Extraction Oil & Gas Holdings LLC.  At the same time, S&P assigned
its 'B-' issue-level rating to the company's proposed $500 million
senior unsecured notes and a '4' recovery rating, indicating S&P's
expectation of average (in the upper half of the 30% to 50% range)
recovery in the event of a payment default.  The outlook is
stable.

The company will use the proposed unsecured notes to refinance its
existing $430 million senior secured loans, and to repay
outstanding borrowings under its revolving credit facility.

"The ratings on Extraction reflect the company's vulnerable
business risk profile as a small and narrowly focused company with
a limited track record and a high proportion of proved undeveloped
reserves, as well as an aggressive financial risk profile as a
primarily financial sponsor-owned entity," said S&P Global Ratings
credit analyst Michael McConnell.

The company's reserves and production are concentrated in the
Wattenberg Field, and S&P views the limited diversity as exposing
the company to regional risks including regulatory risk and
potential infrastructure capacity constraints.  Partly offsetting
these factors are the company's low breakeven costs and high
proportion of liquids.

The stable outlook reflects S&P's expectation that Extraction will
continue to expand production as it develops its reserves in the
Wattenberg basin while maintaining solid profitability and adequate
liquidity.  S&P expects that over the next year the company will
maintain credit measures that it considers appropriate for the
current rating, including FFO to total debt of about 20%.  S&P's
base case scenario does not factor in any adverse regulatory
developments related to measures currently being considered in
Colorado's state ballot referendum process.

S&P could raise the rating within the next 12 months if the company
expands production, and is able to meaningfully improve the
percentage of proved-developed reserves.  S&P could also consider
an upgrade if the company was to complete an initial public
offering, reducing private equity ownership and improving credit
measures.  To consider an upgrade, S&P would need to expect the
company to maintain FFO to total debt above 20%, even after
factoring in potential volatility in its credit measures.

S&P could lower the rating over the next 12 months if the company
is unable to expand production as currently forecasted and
significantly outspends cash flows.  If this were to happen, S&P
expects that liquidity could deteriorate to a level that it
considers to be less than adequate, and credit measures would
weaken significantly, with credit measures approaching
unsustainable levels.  S&P could also lower the rating if the
company makes large debt-funded acquisitions, or if, against S&P's
expectations, unanticipated regulatory restrictions impact the
company's operations.


FINTON CONSTRUCTION: Seeks to Hire Merrill PA as Legal Counsel
--------------------------------------------------------------
Finton Construction, Inc. seeks approval from the U.S. Bankruptcy
Court for the Southern District of Florida to hire Merrill PA as
its legal counsel.

The firm will provide these services in connection with the
Debtor's Chapter 11 case:

     (a) give advice to the Debtor with respect to its powers and
         duties;
  
     (b) advise the Debtor with respect to its responsibilities in

         complying with the U.S. trustee's operating guidelines
         and reporting requirements, and with the rules of the
         court;

     (c) prepare legal papers;

     (d) protect the interest of the Debtor in all matters pending

         before the court; and  

     (e) represent the Debtor in negotiation with its creditors in
         the preparation of a plan.

The hourly rates for the firm's paralegals range from $120 to $145.
Meanwhile, its attorneys are paid $450 per hour.

David Lloyd Merrill, Esq., disclosed in a court filing that the
firm does not represent any interest adverse to the Debtor or its
estate.

The firm can be reached through:

     David Lloyd Merrill, Esq.
     Merrill PA
     Trump Plaza Office Center
     525 S. Flagler Drive, Fifth Floor
     West Palm Beach, FL 33401

                   About Finton Construction

Finton Construction, Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S. D. Fla. Case No. 16-19221) on June 30,
2016.  The petition was signed by John Finton, president.
  
The case is assigned to Judge Laurel M. Isicoff.

At the time of the filing, the Debtor estimated its assets at $0 to
$50,000 and debts at $1 million to $10 million.


FIREBALL ENTERPRISES: Seeks to Hire Harold Davis as Accountant
--------------------------------------------------------------
Fireball Enterprises, Inc. seeks approval from the U.S. Bankruptcy
Court for the Southern District of West Virginia to hire an
accountant.

The Debtor proposes to hire Harold Davis to provide these services
in connection with its Chapter 11 case:

     (a) assist in the filing of monthly operating reports;

     (b) provide tax account services to the Debtor;

     (c) assist with financial projections needed to prepare a
         plan of reorganization; and

     (d) analyze certain business functions on a cost accounting
         basis.

The Debtor proposes to pay Mr. Davis $600 per month for his
services.

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

Mr. Davis maintains an office at:

     Harold B. Davis
     U.S. 119, Hannah Center
     100 Cranberry Lane
     Delbarton, West Virginia 25670
     Phone: (304) 475-4832

                    About Fireball Enterprises

Fireball Enterprises, Inc. filed a Chapter 11 bankruptcy petition
(Bankr. S.D. W.Va. Case No. 16-20334) on June 21, 2016, listing
under $1 million in both assets and liabilities.  Joseph W.
Caldwell, Esq., at Caldwell & Riffee, serves as bankruptcy counsel.


FOODSERVICEWAREHOUSE: $7M of Inventory Sale Approved
----------------------------------------------------
Judge Elizabeth W. Magner of the U.S. Bankruptcy Court for the
Eastern District of Louisiana authorized FoodServiceWarehouse.com,
LLC to sell its inventory and other personal property valued at
approximately $7,000,000 outside of the ordinary course of
business.

The Court further ordered that counsel will serve the order on the
required parties who will not receive notice through the ECF system
pursuant to the FRBP and the LBRs and file a certificate of service
to that effect within three days.

                  About FoodServiceWarehouse.com

FoodServiceWarehouse.com, LLC sought protection under Chapter 11 of
the Bankruptcy Code in the Eastern District of Louisiana (New
Orleans) (Case No. 16-11179) on May 20, 2016.  The petition was
signed by Thomas Kim, chief restructuring officer.

The Debtor tapped Barry W. Miller, Esq., at Heller, Draper,
Patrick, Horn & Dabney, L.L.C., as counsel; r2 Advisors, LLC as
financial advisor; HyperAMS, LLC, as liquidation consultant; and
Donlin, Recano & Company, Inc. as its claims, noticing and
solicitation agent.

The case is assigned to Judge Elizabeth Magner.

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


GAWKER MEDIA: Auction Can Proceed on Extended Timeline
------------------------------------------------------
Tiffany Kary, writing for Bloomberg News, reported that Gawker
Media can go ahead with plans for an auction after making several
changes to satisfy a bankruptcy judge's concerns that the company
hadn't adequately marketed itself and would give any buyer a
windfall if it settles its legal battle with Hulk Hogan.

"It doesn't appear the asset was sufficiently marketed," the report
cited U.S. Bankruptcy Judge Stuart Bernstein as saying in Manhattan
court, at first denying Gawker's planned sale procedure.  Judge
Bernstein also cited a provision in the plan for "liquidated
damages," which would give leading bidder Ziff Davis $13.5 million
if the bankruptcy suit is dismissed, the report said.  Lawyers for
Ziff Davis said the unusual clause was needed in the event the deal
fell apart if Gawker settled the case that drove it into bankruptcy
-- a $140 million judgment in a sex tape suit brought by Hogan, the
report added.

Following the judge's ruling, the parties reached a new agreement
on the plan that put the $13.5 million provision behind claims by
Hogan and Gawker's other unsecured creditors, the report related.
The company extended the schedule for the sale prior to the
hearing, the report further related.  The new deadline for bids is
Aug. 15, the auction will be Aug. 16 and a hearing to approve the
winning bid will be Aug. 18. The auction was previously scheduled
for July 27, the report added.

                      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.

The U.S. trustee for Region 2 on June 24 appointed three creditors
of Gawker Media LLC and its affiliates to serve on the official
committee of unsecured creditors.  The committee members are Terry
Gene Bollea, famously known as Hulk Hogan, Shiva Ayyadurai, and
Ashley A. Terrill.


GAWKER MEDIA: Hulk Hogan Objects to CEO's Bankruptcy Shield
-----------------------------------------------------------
Tiffany Kary, writing for Bloomberg News, reported that Hulk Hogan,
a professional wrestler and entertainer whose real name is Terry
Bollea, stymied by the bankruptcy filing of Gawker Media in the
midst of a legal battle over a sex tape, is fighting back using the
tools of Chapter 11 law.

According to the report, Hogan, unable to collect a $140 million
jury verdict against the media- and celebrity-focused site because
of the bankruptcy petition it filed June 10, said in court papers
that the company is improperly trying to protect its chief
executive and founder, Nick Denton, who is liable for part of the
judgment.  He also claims Gawker or an affiliate made a $200,000
loan to Denton in the week leading up to the bankruptcy, the
Journal related.

The report related that New York-based Gawker asked for court
permission to extend to Denton the "automatic stay" injunction that
shields bankrupt companies from lawsuits.  Lead bidder Ziff Davis
has agreed to keep the founder on as a consultant as part of a $90
million offer for Gawker's main assets, the report said.

Oxford University-educated Denton, who started Gawker with a single
blog out of his New York apartment in 2002, is "instrumental and
central to the spirit" of its business, and Gawker could thus be
harmed if the suits against him personally weren't blocked, the
company said in court filings, the report related.  Not so, Hogan
argued in the objections, saying Denton isn't running day-to-day
operations, and cited the numerous professionals hired to guide the
company through bankruptcy while Denton is "spending his time
blogging, Tweeting, and providing interviews," the report further
related.

The bid to shield Denton is a "transparent effort" to protect him
from a personal bankruptcy, and other issues weigh against him
being shielded from his part of the $140 million judgment, Hogan's
lawyers argued, the report added.

               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.

The U.S. trustee for Region 2 on June 24 appointed three creditors
of Gawker Media LLC and its affiliates to serve on the official
committee of unsecured creditors.  The committee members are Terry
Gene Bollea, popularly known as Hulk Hogan, Shiva Ayyadurai, and
Ashley A. Terrill.


GENERAL PRODUCTS: Hires Miller Johnson as Counsel
-------------------------------------------------
General Products Corporation, et al., seek authority from the U.S.
Bankruptcy Court for the Eastern District of Michigan to employ
Miller Johnson as counsel to the Debtors.

General Products requires Miller Johnson to:

   a. advise the Debtors with respect to their rights, powers and
      duties as debtors and debtors-in-possession in the
      continued management and operation of their financial
      affairs and property;

   b. assist in the preparation of schedules and statement of
      affairs;

   c. attend meetings and negotiating with representatives of
      creditors and other parties in interest;

   d. advise and consult with the Debtors regarding the conduct
      of these cases, including all of the legal and
      administrative requirements of operating in the Chapter 11
      case;

   e. advise the Debtors on matters relating to the evaluation of
      the assumption, rejection or assignment of unexpired leases
      and executory contracts;

   f. take all necessary action to protect and preserve the
      Debtors' estates, including the prosecution of actions on
      their behalf, the defense of any actions commenced against
      the estates, negotiations concerning all litigation in
      which the Debtors may be involved and objections to claims
      filed against the estates;

   g. assist in formulating and prosecuting Chapter 11 plans and
      disclosure statements, along with all related agreements
      and/or documents, and take any necessary action on behalf
      of the Debtors to obtain confirmation of any Chapter 11
      plan;

   h. appear before the Bankruptcy Court and the Office of the
      U.S. Trustee, and protect the interests of the Debtors'
      bankruptcy estates before the Court and the Office of the
      U.S. Trustee; and

   i. perform all other necessary legal services for the Debtors
      in connection with the prosecution of their Chapter 11
      cases, including analyzing interests, liens, leases, and
      contracts, and advising the Debtors on corporate and
      litigation matters.

Miller Johnson will be paid at these hourly rates:

   Professional                                       Hourly Rate

     John T. Piggins        Bankruptcy issues              $450

     Robert D. Wolford      Bankruptcy issues              $410

     Rachel L. Hillegonds   Bankruptcy issues              $280

     Maxwell N. Barnes      Purchase agreement issues      $370

     James C. Bruinsma      Pension issues                 $495

     Jeffrey J. Fraser      Union contract issues          $495

     Gregory P. Ripple      Union contract issues          $330

     Jeffrey G. Muth        Purchase agreement and
                            post-petition loan documents   $450

     Jason M. Crow          Purchase agreement issues $235

Miller Johnson will be paid a retainer in the amount of $50,000.
Any of the retainer remaining after applying it to Miller Johnson's
pre-petition fees and expenses will be held in trust to be applied
to any post-petition fees and expenses of Miller Johnson that are
approved and allowed by the Bankruptcy Court. The Debtors do not
owe any pre-petition debts to Miller Johnson.

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

John T. Piggins, member of the law firm Miller Johnson, assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtors and their estates.

Miller Johnson can be reached at:

     John T. Piggins, Esq.
     Miller Johnson
     45 Ottawa Avenue, S.W., Suite 1100
     Grand Rapids, Michigan 49503
     Tel: (616) 831-1700
     E-mail: ecfpigginsj@millerjohnson.com

                     About General Products

General Products Corporation and General Products Mexico, LLC, both
based in Livonia, MI, filed a Chapter 11 petition (Bankr. E.D.
Mich. Case Nos. 16-49267 and 16-49269) on June 27, 2016. The Hon.
Thomas J. Tucker (16-49267) and Walter Shapero (16-49269) preside
over the case. Rachel L. Hillegonds, Esq. and John T. Piggins,
Esq., at Miller Johnson, as bankruptcy counsel.

In its petition, General Products Corporation estimated $50 million
to $50 million in both assets and liabilities. General Products
Mexico estimated $50,000 to $50 million in both assets and
liabilities. The petition was signed by Andrew Masullo, president
and chief executive officer.


GENESEE & WYOMING: S&P Revises Outlook to Neg. & Affirms 'BB' CCR
-----------------------------------------------------------------
S&P Global Ratings said that it has revised its outlook on Genesee
& Wyoming Inc. to negative from stable and affirmed its 'BB'
corporate credit rating on the company.

At the same time, S&P affirmed its 'BBB-' issue-level rating on the
company's senior secured credit facility.  The '1' recovery rating
remains unchanged, indicating S&P's expectation that lenders would
receive very high recovery (90%-100%) in a payment default
scenario.

"The outlook revision reflects our belief that the company's credit
metrics will likely remain pressured over the next year due to the
difficult operating environment," said S&P Global credit analyst.
"These depressed conditions have been caused by weak commodity
traffic (especially for coal and iron ore) and the strong U.S.
dollar (which reduces the revenue and earnings from the company's
foreign operations)."

The negative outlook on Genesee & Wyoming reflects that the
company's credit metrics have declined over the past year given its
exposure to coal and iron ore traffic, which have been hard hit by
the steep drop in commodity prices.  S&P expects that the company's
credit metrics will remain pressured over the next year as
commodity prices remain low and the dollar remains strong, leading
it to maintain an FFO-to-debt ratio of about 20% and a
debt-to-EBITDA metric of 3.8x in 2016.

S&P could lower its ratings on Genesee over the next year if it
undertakes a significant debt-financed acquisition or its earnings
continue to deteriorate such that its FFO-to-total debt ratio
remains below 23% and its debt-to-EBITDA metric remains above 3.5x
on a sustained basis.

S&P could revise its outlook on Genesee to stable over the next
year if the company is able to improve its earnings and/or reduce
its debt such that its FFO-to-debt ratio improves to 27% or its
debt-to-EBITDA metric declines comfortably below 3.5x and remains
there on a sustained basis.


GRATON ECONOMIC: Moody's Raises CFR to B1, Outlook Stable
---------------------------------------------------------
Moody's Investors Service upgraded Graton Economic Development
Authority's Corporate Family Rating to B1 and affirmed its
Probability Default rating at B2-PD.  Graton's term loan B was also
upgraded to B1.  The rating outlook is stable.

"The upgrade reflects better than expected EBITDA growth, a
reduction in leverage and higher interest coverage", said Moody's
analyst Peggy Holloway.  Adjusted EBITDA grew about 8.5% in 2015,
and increased 17.5% in the first quarter of 2016 on higher gaming
revenue.  Adjusted debt/EBITDA declined to 3.3x as of the LTM
period ended 3/31/16 and EBIT/Interest was a solid 4.5x.

Ratings Upgraded:
  Corporate Family Rating to B1 from B2
  Senior Secured Term Loan B to B1 (LGD3) from B2 (LGD4)

Ratings Affirmed:
  Probability of Default Rating at B2-PD
  Outlook at Stable

RATING RATIONALE

Graton's B1 Corporate Family Rating (CFR) reflects its small size
in terms of revenue and single asset profile which subjects it to
greater risks than a multi-facility and more geographically
diversified gaming company.  The rating takes into consideration
some development and ramp-up risk related to the ongoing
construction of a 200-room hotel slated to open later this year.
The ratings also reflect Graton's strategic location as the closest
Class III gaming facility to the affluent and populous San
Francisco Bay area that has enabled the property to grow revenues
and earnings despite competition from several large casinos
operating in its market area.  Additionally, Moody's expects Graton
will maintain above average interest coverage, modest leverage, and
high profitability compared to similarly rated peers.

The stable rating outlook reflects our expectations that the
operating environment will remain favorable, Graton will open the
new hotel on time and on budget and it will contribute to earnings
growth in 2017.  Upward rating action is limited given the
company's single asset profile, geographic concentration, and
revenue size relative to the B1 rating category.

A higher rating is possible over the longer-term once the new hotel
opens and is absorbed and if Graton is willing to maintain adjusted
debt/(EBITDA-tribal distributions) below 3.5 times, in the context
of a stable outlook for gaming demand in the company's primary
market.

Graton's ratings could be lowered if gaming revenues show a
sustained decline, debt/(EBITDA-tribal distributions) increases
above 5.0x times or if liquidity materially deteriorates.

The Graton Economic Development Authority is a wholly owned,
unincorporated governmental instrumentality of the Federated
Indians of Graton Rancheria (the Tribe), a federally recognized
Indian tribe.  The Authority was formed in July 2012 to develop and
operate a casino and entertainment facility located in Sonoma
County, approximately 43 miles north of San Francisco, California,
known as the Graton Resort & Casino.  As of March 31, 2016, the
Graton Resort & Casino featured about 2,900 slot machines, 131
table games including blackjack, a 20-table poker room and other
various entertainment and dining offerings.

The casino is managed by wholly owned subsidiaries of Station
Casinos LLC (B1 stable), a Nevada limited liability company that
owns and operates casinos in Las Vegas, Nevada and whose
subsidiaries also develop and manage tribal gaming facilities.

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


HERCULES OFFSHORE: Court Enforces Automatic Stay Provisions
-----------------------------------------------------------
U.S. Bankruptcy Judge Kevin Carey entered an order enforcing the
automatic stay and non-discrimination provisions of the Bankruptcy
Code.  At the behest of the Debtors, the Court held that the
Debtors need the following key protections afforded to debtors
under the Bankruptcy Code: (a) the automatic stay provisions of
Section 362, (b) the prohibition of Section 365 against terminating
executory contracts or unexpired leases due to ipso facto
provisions, and (c) the prohibition against discriminatory
treatment by governmental units contained in Section 525 to ensure
that the Debtors' operations are not disrupted and ability to
successfully monetize their assets is not impacted by enforcement
actions or the exercise of self-help remedies initiated by non-U.S.
creditors, customers, governmental units, or other parties in
interest.

                      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: Seeks to Set $47-Mil. Disputed Claims Reserve
----------------------------------------------------------------
Hercules Offshore, Inc., and its affiliates ask the Bankruptcy
Court to establish $47 million as the amount of the disputed claims
reserve for disputed claims against the Debtors, as contemplated by
Article IV.B.18 of the Plan.

The Debtors propose that the Disputed Claims Reserve should be
established in the amount of $47 million.  This amount is an
intentionally conservative figure, and the Debtors believe that the
ultimate amount of any Disputed Claims that become Allowed will be
significantly lower than the amounts reserved.

The Plan and the Disclosure Statement contemplates that, upon the
Effective Date, the Debtors’ assets will be transferred to a Wind
Down Entity that will be responsible for monetizing the Debtors’
assets and winding down the Debtors’ business and operations in a
controlled, efficient and value-maximizing manner.  In addition,
the Plan provides that holders of Allowed Administrative Claims,
Priority Tax Claims, Priority Non-Tax Claims, Other Secured Claims
and General Unsecured Claims will be paid in full in cash.

To that end, the Plan requires the Wind Down Entity to establish
and fund the Disputed Claims Reserve with cash in an amount
approved by the Court on the Effective Date of the Plan.  The
purpose of the Disputed Claims Reserve is to provide for the
payment of all Administrative Claims, Priority Tax Claims,
Non-Priority Tax Claims, Other Secured Claims and General Unsecured
Claims that are Disputed or not yet Allowed as of the Effective
Date and not paid prior to the Effective Date or as part of the
distributions provided for in the Plan.  The Plan provides that the
Wind Down Entity will maintain the Disputed Claims Reserve in trust
for holders of the Disputed Claims.

The Disputed Claims will be paid from funds held in the Disputed
Claims Reserve as soon as reasonably practicable after the date on
which such Claims become Allowed Claims.  Following the Effective
Date, the Disputed Claims Reserve will be the sole source of
payment for the Disputed Claims.

After all of the Disputed Claims that become Allowed have been
paid, any amounts remaining in the Disputed Claims Reserve shall be
returned to the Wind Down Entity.  Thereafter, the Wind Down Entity
Board will use such funds to (i) first, satisfy the remaining
amount of the Lender Wind Down Claim, if any, and (ii) then, make
distributions to the holders of Wind Down Entity Interests in
accordance with their respective percentage interests, subject to
the priorities of the Wind Down Entity Waterfall if Class 7 HERO
Common Stock votes to accept the Plan.

Establishing the Disputed Claims Reserve does not limit the ability
of any creditor to prove the amount of its Claim or to recover on
the basis of that proven amount in accordance with the Plan.  The
Disputed Claims Reserve instead simply provides a mechanism by
which the Wind Down Entity can ensure that each holder of a
Disputed Claim that becomes an Allowed Claim after the Effective
Date will receive payment.  The Debtors have proposed a
conservative fixed amount for the Disputed Claim Reserve to ensure
that all such holders will receive payment in full in cash.

Counsel for Hercules Offshore, Inc., and its debtor affiliates:

       Robert J. Dehney, Esq.
       Eric D. Schwartz, Esq.
       Matthew B. Harvey, Esq.
       MORRIS, NICHOLS, ARSHT & TUNNELL LLP
       1201 N. Market St., 16th Flr.
       PO Box 1347
       Wilmington, DE 19899-1347
       Telephone: (302) 658-9200
       Facsimile: (302) 658-3989
       E-mail: rdehney@mnat.com
               eschwartz@mnat.com
               mharvey@mnat.com

              -- and --

       Michael S. Stamer, Esq.
       Philip C. Dublin, Esq.
       David H. Botter, Esq.
       AKIN GUMP STRAUSS HAUER & FELD LLP
       One Bryant Park
       New York, New York 10036
       Telephone: (212) 872-1000
       Facsimile: (212) 872-1002
       E-mail: mstamer@akingump.com
               pdublin@akingump.com
               dbotter@akingump.com

              -- and --

       Kevin M. Eide, Esq.
       AKIN GUMP STRAUSS HAUER & FELD LLP
       1333 New Hampshire Avenue, N.W.
       Washington, D.C. 20036
       Telephone: (202) 887-4000
       Facsimile: (202) 887-4288
       Email: keide@akingump.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.


INTERNATIONAL WIRE: Moody's Affirms B2 CFR & Rates $250MM Notes B3
------------------------------------------------------------------
Moody's Investors Service affirmed International Wire Group
Holdings, Inc.'s B2 corporate family rating and B2-PD probability
of default rating.  At the same time, Moody's assigned a B3 rating
to the company's proposed $250 million senior secured notes due
2021.  The ratings outlook is stable.

In a proposed transaction, International Wire is planning to
refinance its existing 8.5% $250 million senior secured notes due
2017 with new $250 million senior secured notes due 2021.
Additionally, the company will amend its existing $175 million ABL
revolving credit facility by reducing its capacity to $125 million
and extending the maturity to 2021 from 2017.  Approximately
$16 million of revolver borrowings are expected to be utilized at
close of the transaction and repaid in the subsequent quarter.

The ratings affirmation reflects the relative stability of
International Wire's operating margins, countercyclical nature of
its operations and free cash flows, and favorable fundamentals in
its electronics and data communications, aerospace, and medical
devices end markets.  Additionally, the rating reflects the
extension of the company's debt maturities and the improvement in
its liquidity profile expected to result from the proposed
refinancing transaction.  International Wire's debt to EBITDA
(Moody's-adjusted) pro forma for refinancing is estimated at
approximately 5.2x, slightly above March 31, 2016 levels.  While
weak energy and industrial end markets and reduced copper prices
will continue to weigh on International Wire's revenues and
earnings in the near term, we expect that favorable demand
conditions in the company's growing end markets, along with
additional revenue opportunities with existing customers and the
company's focus on lean initiatives will result in revenue
stabilization and credit metrics improvement over the next 12 to 18
months.  Moody's expects International Wire to generate positive
free cash flow and maintain a good liquidity profile over this
period.

These rating actions were taken:

Issuer: International Wire Group Holdings, Inc.:

  Corporate family rating, affirmed at B2;
  Probability of default rating, affirmed at B2-PD;

Issuer: International Wire Group, Inc.:

  Proposed $250 million senior secured notes due 2021, assigned a
   B3 (LGD4);

The rating outlook is stable.

The rating on the existing senior secured notes has not been
changed and will be withdrawn upon closing of the transaction.

All ratings are subject to the execution of the transaction as
currently proposed and Moody's review of final documentation.  The
instrument ratings are subject to change if the proposed capital
structure is modified.

RATINGS RATIONALE

International Wire's B2 Corporate Family Rating (CFR) reflects the
company's modest scale and exposure to cyclical end markets that
can cause product volume fluctuations that could potentially have a
detrimental impact on its revenues and credit metrics.  The company
also has a history of aggressive financial policies given past
shareholder distributions and share repurchases.  The rating is
supported by the company's established position within niche copper
wire markets, a diverse customer base across various industries,
flexible manufacturing operations, and metal price pass-through
arrangements that reduce the volatility of its operating margins.
While in the near term, International Wire's revenues and credit
metrics will continue to be challenged by weak energy and
industrial end markets, favorable fundamentals in the company's
electronics and data communications, aerospace, and medical devices
end markets, along with share recapture opportunities and lean
initiatives will provide support to gradually offset the negative
impact of the weak markets over the intermediate term.  The rating
is also supported by Moody's expectations for International Wire's
operating margins to remain relatively stable and for free cash
flow generation to remain positive.

International Wire has a good liquidity profile that is supported
by extended debt maturities, Moody's expectations for positive free
cash flow given countercyclical working capital needs, meaningful
available capacity under the company's $125 million asset-based
revolving credit facility expiring in 2021, and flexibility under
the springing financial covenant in the credit agreement.

The stable rating outlook reflects Moody's expectations that the
company will be able to maintain relatively stable operating
margins, improve its EBITDA and generate positive free cash flows
over the next 12 to 18 months.

Although not expected in the intermediate term, the ratings could
be upgraded if the company organically grows its scale and earnings
without materially increasing debt levels such that leverage is
sustainably reduced below 3.0x.  The company would also need to
maintain a conservative financial policies with respect to
shareholder enhancement activities and acquisitions.

The ratings could be downgraded in the event of prolonged weakness
in end markets, if over the next 18 months adjusted debt to EBITDA
does not decline below 5.0x or if EBITA to interest is sustained
below 1.5x.  An operating margin decline, a liquidity
deterioration, a material debt-financed acquisition, or a
meaningful distribution or share buyback could also pressure the
ratings.

The principal methodology used in these ratings was Global
Manufacturing Companies published in July 2014.

Headquartered in Camden, New York, International Wire Group
Holdings, Inc. manufactures and markets copper wire products
including bare, silver-plated, nickel-plated and tin-plated copper
wire, engineered wire products and high performance conductors, for
other wire suppliers, distributors and original equipment
manufacturers.  The company serves customers in the aerospace,
automotive, electronics and data communications, general
industrial/energy, electronics and medical device end-markets
through its three business segments: the Bare Wire Division
("BWD"), High Performance Conductors ("HPC"), and Engineered Wire
Products - Europe ("EWP-E").  MAST Capital Management, LLC is the
majority owner of the company's common equity. In the last twelve
months ending March 31, 2016, International Wire generated
approximately $600 million in revenues.


INTERNATIONAL WIRE: S&P Affirms 'B' CCR, Outlook Stable
-------------------------------------------------------
S&P Global Ratings said it affirmed its 'B' corporate credit rating
on Camden, N.Y.-based International Wire Group Holdings Inc.  S&P
also revised its rating outlook to stable from negative.

At the same time, S&P assigned its 'B' issue-level rating and '4'
recovery rating to the company's proposed $250 million senior
secured notes due 2021.  The '4' recovery rating indicates S&P's
expectation for average (30% to 50%; at the upper end of the range)
recovery in the event of a payment default.

"The stable outlook reflects our view that International Wire Group
Holdings Inc. will maintain credit measures commensurate with the
current 'B' rating over the next 12 months, such as adjusted debt
to EBITDA of about 6x and EBITDA interest coverage of approximately
2x," said S&P Global Ratings credit analyst Michael Maggi.  "These
expectations incorporate our view that weakness in metals prices
(especially copper) will likely persist over this time frame, along
with mixed demand across IWG's key end markets."

S&P could lower its ratings by one notch if IWG's credit measures
deteriorated such that adjusted debt to EBITDA were sustained above
8x, which could occur if U.S. economic growth slowed, copper prices
fell further and remained depressed, and/or end market demand
remained weak for a prolonged period.  S&P could also take a
negative rating action if the company's liquidity were to
deteriorate to a level S&P considered less than adequate.

S&P could take a positive rating action if IWG's energy end markets
improved off deep cyclical lows and if aerospace, automotive, and
other key end markets remained relatively healthy over this time
frame, resulting in adjusted leverage sustained below 5x.  This
would also likely be contingent upon management's and the financial
sponsor's commitment to maintaining or improving its current
financial ratios.


JACQUIE CHANDLER: 9th Cir. Affirms Award of Deutsche Attorney Fees
------------------------------------------------------------------
In the case captioned JACQUIE CHANDLER, Appellant, v. DEUTSCHE BANK
NATIONAL TRUST COMPANY, Appellee, No. 14-60036 (9th Cir.), relating
to In re: JACQUIE CHANDLER, Debtor, the United States Court of
Appeals for the Ninth Circuit affirmed the Bankruptcy Appellate
Panel's order awarding attorney's fees to Deutsche Bank National
Trust Co. and denying the debtor's motion for reconsideration.

A full-text copy of the Ninth Circuit's June 27, 2016 memorandum is
available at https://is.gd/MVOont from Leagle.com.


JOHN GOLDING: South Orange Real Property Sale for $250K Approved
----------------------------------------------------------------
Judge John K. Sherwood of the U.S. Bankruptcy Court for the
District of New Jersey authorized John A. Golding to sell his real
property located at 39 Holland Road, South Orange, State of New
Jersey ("Property"), to Marlene Johnson for $250,000, as is, where
is; and waived the 14-day stay.

Judge Sherwood held that the proposed sale satisfies the "good
faith" prong of the Abbotts Dairies test, and constitutes
reasonably equivalent value and fair consideration.

The Court further ordered that the holders of all liens, claims,
and encumbrances, if any, on the Property, will be paid in full
from the proceeds of the sale, in the same order and amount as
their liens on the Property.

John A. Golding sought Chapter 11 protection (Bankr. D.N.J. Case
No. 15-19390) on May 19, 2015.


JOHN HOOVER: 1st Cir. Affirms Sanction on Atty. Baker
-----------------------------------------------------
In the case captioned DAVID G. BAKER, Appellant, v. WILLIAM K.
HARRINGTON, United States Trustee for Region 1, Appellee, No.
15-2384 (1st Cir.), relating to IN RE: JOHN E. HOOVER, III, Debtor,
the United States Court of Appeals for the First Circuit affirmed
the U.S. Bankruptcy Court's order imposing a sanction on Attorney
David G. Baker for twice describing the applicable law in a manner
that it deemed to be misleading.

A full-text copy of the First Circuit's June 29, 2016 ruling is
available at https://is.gd/MyT12A from Leagle.com.

Appellee is represented by:

          John Postulka, Esq.
          Eric K. Bradford, Esq.
          William K. Harrington, Esq.
          Richard T. King, Esq.
          Lisa D. Tingue, Esq.
          OFFICE OF THE UNITED STATES TRUSTEE
          Department of Justice

            -- and --

          Ramona D. Elliott, Esq.
          P. Matthew Sutko, Esq.
          Noah M. Schottenstein, Esq.
          EXECUTIVE OFFICE OF THE U.S. TRUSTEES
          Department of Justice


JOSEPH ALLEN HARTLEY: U.S. Trustee Forms 2-Member Committee
-----------------------------------------------------------
The Office of the U.S. Trustee on July 11 appointed two creditors
of Joseph Allen and Rachel Kay Hartley to serve on the official
committee of unsecured creditors.

The committee members are:

     (1) Independence Bank
         Attn: Mr. Timothy Yentsch
         1370 South County Trail
         East Greenwich, RI 02818
         Phone: (401) 471-6317
         Email: tyentsch@indepence-bank.com

     (2) Commonwealth Development Authority
         Attn: Mr. Vicente T. Salas, Esq.
         P.O. Box 501309
         Saipan, MP 96950-1309
         Phone: (670) 234-7455
         Email: vts@pticom.com

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

                        About The Hartleys

Joseph Allen Hartley and Rachel Kay Hartley sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. D. Neb. Case No.
15-81898) on November 18, 2015.


K&K ENTERPRISES: Seeks to Hire Katz Flatau as Legal Counsel
-----------------------------------------------------------
K&K Enterprises and Trucking, LLC seeks approval from the U.S.
Bankruptcy Court for the Middle District of Georgia to hire Katz,
Flatau & Boyer, LLP as its legal counsel.

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

     (a) give legal advice with respect to its powers and duties;

     (b) prepare legal papers and conduct examinations incidental
         to the administration of the Debtor's estate;

     (c) take necessary actions instant to the proper preservation

         and administration of the estate;

     (d) assist the Debtor in the preparation and filing of a
         statement of financial affairs and schedules;

     (e) take whatever action is necessary with reference to the
         use by the Debtor of its property pledged as collateral;
         and

     (f) prosecute claims asserted by the Debtor.

Wesley Boyer, Esq., at Katz, will be paid $325 per hour for his
services.

In a court filing, Mr. Boyer disclosed that the firm does not hold
or represent any interest adverse to the Debtor's estate.

The firm can be reached through:

     Wesley J. Boyer, Esq.
     Katz, Flatau & Boyer, LLP
     355 Cotton Avenue
     Macon, GA 31201
     Phone: (478)742-6481
     Email: wjboyer_2000@yahoo.com
     Email: Wes@WesleyJBoyer.com

                       About K&K Enterprises

K&K Enterprises and Trucking, LLC sought protection under Chapter
11 of the Bankruptcy Code (Bankr. M. D. Ga. Case No. 16-51274) on
June 24, 2016.  The petition was signed by Kenneth S. Thaxton,
president.  

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


KALOBIOS PHARMA: In Agreement to Buy Former CEO's Shares
--------------------------------------------------------
Doni Bloomfield, writing for Bloomberg News, reported that KaloBios
Pharmaceuticals Inc. said it has an agreement with Martin Shkreli,
the company's former chief executive officer who came under fire
for raising drug prices, to buy back his shares and restrict his
shareholder actions, in a move to cut ties with the controversial
investor.

According to the report, the agreement applies to all common stock
Shkreli holds or controls in the company, and bars him from
nominating board members, Brisbane, California-based KaloBios said
in a statement.

"This agreement is another step in the company's pursuit of
revitalizing its reputation," the report cited CEO Cameron Durrant,
in the statement.  "KaloBios is building a company committed to
transformational ideas, like transparent and responsible pricing."

The company has the right to purchase any or all of Shkreli's
shares for six months beginning 61 days after June 30, when it
effectively emerged from bankruptcy proceedings, the report
related, citing the statement.  KaloBios is currently valued at
$17.8 million, according to data compiled by Bloomberg.

                   About KaloBios Pharmaceuticals

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

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

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

Six months after its bankruptcy filing, KaloBios emerged from
Chapter 11 bankruptcy and has also acquired the rights from Savant
Neglected Diseases LLC to develop benznidazole for the treatment
of
Chagas disease.


KCC INTERNATIONAL: Taps Coplen & Banks as Legal Counsel
-------------------------------------------------------
KCC International LLC seeks approval from the U.S. Bankruptcy Court
for the Southern District of Texas to hire Coplen & Banks, P.C. as
its legal counsel.

Coplen & Banks will provide these legal services in connection with
the Debtor's Chapter 11 case:

     (a) advising the Debtor with respect to its powers and
         duties;

     (b) advising the Debtor with respect to the rights and
         remedies of the estate's creditors and other parties;

     (c) conducting examinations of witnesses, claimants and other

         parties;

     (d) preparing all pleadings and other legal instruments
         required to be filed in the Debtor's case;

     (e) representing the Debtor in all proceedings before the
         court and in any other judicial or administrative
         proceeding;

     (f) advising and representing the Debtor in the liquidation
         of its assets through the bankruptcy court; and

     (g) advising the Debtor in connection with the formulation,
         solicitation, confirmation and consummation of any plan
         of reorganization which it may propose.

John Akard Jr. has been designated as attorney-in-charge.  He will
be paid $300 per hour for his services.

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

The firm can be reached through:

     John Akard Jr., Esq.
     Coplen & Banks, P.C.
     11111 McCracken Dr., Suite A
     Cypress, Texas 77429
     Telephone: (832) 237-8600
     Facsimile: (832) 202-2088
     Email: johnakard@attorney-cpa.com

                    About KCC International

KCC International LLC owns a real estate in which it operates the
La Quinta Hotel Tomball located at 14000 Medical Complex Drive,
Tomball, Texas.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. S. D. Texas Case No. 16-33375) on July 4, 2016.  The
petition was signed by Willis Pumphrey, sole member.

The case is assigned to Judge Karen K. Brown.

At the time of the filing, the Debtor estimated its assets at $1
million to $10 million and debts at $10 million to $50 million.


KCC INTERNATIONAL: Taps ROC Hospitality to Manage La Quinta Hotel
-----------------------------------------------------------------
KCC International LLC seeks approval from the U.S. Bankruptcy Court
for the Southern District of Texas to hire ROC Hospitality LLC.

The Debtor tapped the firm to assist in managing the La Quinta
Hotel Tomball located at 14000 Medical Complex Drive, Tomball,
Texas.

ROC Hospitality will receive a fee, which is 3% of the total net
property sales per month, with a minimum of $1,500 per month.

ROC Hospitality is a "disinterested person" as defined in section
101(14) of the Bankruptcy Code.

The firm can be reached through:

     Tracie L. Collins
     ROC Hospitality LLC
     1485 N. Atlantic Avenue, Suite 202
     Cocoa Beach, FL 32931
     Email: tcollins@rochosp.com

                    About KCC International

KCC International LLC owns a real estate in which it operates the
La Quinta Hotel Tomball located at 14000 Medical Complex Drive,
Tomball, Texas.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. S. D. Texas Case No. 16-33375) on July 4, 2016.  The
petition was signed by Willis Pumphrey, sole member.

The case is assigned to Judge Karen K. Brown.

At the time of the filing, the Debtor estimated its assets at $1
million to $10 million and debts at $10 million to $50 million.


LA CASA DE LA RAZA: Taps Brian Barnwell as Real Estate Appraiser
----------------------------------------------------------------
La Casa de la Raza, Inc. seeks approval from the U.S. Bankruptcy
Court for the Central District of California to hire a real estate
appraiser.

The Debtor proposes to hire Brian Barnwell to conduct an appraisal
of its property located at 601 E. Montecito Street, Santa Barbara,
California.

Mr. Barnwell will receive a flat fee in the amount of $4,900 for
his services.   

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

Mr. Brian Barnwell's contact information is:

     Brian B. Barnwell
     1830 Castillo Street
     Santa Barbara, CA 93101
     Phone: 805-708-4690
     Email: brian@barnwellappraisals.com

                    About La Casa de la Raza

Headquartered in Santa Barbara, California, La Casa de la Raza,
Inc., filed for Chapter 11 bankruptcy protection (Bankr. C.D.
Calif. Case No. 16-10331) on Feb. 23, 2016, estimating its assets
at between $1 million and $10 million and its liabilities at
between $500,000 and $1 million.  The petition was signed by
Marisela Marquez, chief executive.

Matthew M Clarke, Esq., at Christman Kelley & Clarke PC serves as
the Debtor's bankruptcy counsel.


LAWRENCE SCHIFF: CSS Industries Completes Acquisition of Assets
---------------------------------------------------------------
CSS Industries, Inc., on July 8, 2016, disclosed that it has
completed the acquisition of substantially all of the assets of
Lawrence Schiff Silk Mills, Inc.  Schiff was a leading U.S.
manufacturer and distributor of narrow woven ribbon prior to its
April 2016 Chapter 11 bankruptcy filing.  The sale of Schiff to CSS
was recently approved by the U.S. Bankruptcy Court for the Eastern
District of Pennsylvania.  CSS will not be operating the Schiff
business, and will be relocating certain acquired Schiff equipment
and inventory to CSS' existing facilities. The transaction reflects
the Company's strategy of growing its business through strategic
acquisitions.

"We have admired the Schiff business for many years," said
Christopher J. Munyan, CSS' President and Chief Executive Officer.
"With this acquisition, we gain unique weaving capabilities in our
U.S. facilities.  We also look forward to working with some of
Schiff's long-standing customers, some of which are new to us, to
continue to supply them with superior, U.S. made product."

CSS is a consumer products company primarily engaged in the design,
manufacture, procurement, distribution and sale of all occasion and
seasonal social expression products, principally to mass market
retailers.  These all occasion and seasonal products include
decorative ribbons and bows, classroom exchange Valentines, infant
products, journals, buttons, boxed greeting cards, gift tags, gift
card holders, gift bags, gift wrap, decorations, floral
accessories, craft and educational products, Easter egg dyes and
novelties, memory books, scrapbooks, stickers, stationery, and
other items that commemorate life's celebrations.

                About Lawrence Schiff Silk Mills

Founded in 1918 and headquartered in Quakertown, PA, Lawrence
Schiff Silk Mills, Inc.'s primary business was the manufacturing of
ribbons, bows, ties, straps, webbing and over 500 additional woven,
fabricated materials for more than 1,000 customers worldwide.  LSSM
served the global industrial, apparel, military, medical, packaging
and hospitality markets.

On April 5, 2016, Pyramid Realty Group, LP, Aero Energy and Grant
Industries, Inc. filed an involuntary petition under Chapter 11 of
Title 11 of the United States Code pursuant to Sec. 303 of the
Bankruptcy Code against Lawrence Schiff Silk Mills (Bankr. E.D. Pa.
Case No. 16-12396).  Pyramid is owned by Richard J. Schiff, who
holds a minority equity stake in Debtor, owns RJLS Enterprises,
Inc., and owns or owned the Debtor's predecessor entities.

On April 22, 2016, upon agreement between the Debtor and the
Petitioning Creditors, the Court entered a Consent Order for Relief
in Involuntary Chapter 11 Case.  The Consent Order granted relief
to Debtor under Chapter 11 of the Bankruptcy Code as of the Relief
Date.

The Petitioning Creditors are represented by Jeffrey Kurtzman,
Esq., at Kurtzman Steady LLC.

William G. Schwab has been appointed the Chapter 11 Trustee for the
Debtor's estate.


LAWRENCE SCHIFF: Trustee's Sale of Assets to CSS Approved
---------------------------------------------------------
Judge Jean K. Fitzsimon of the U.S. Bankruptcy Court for the
Eastern District of Pennsylvania authorized the Chapter 11 trustee
for the estate of Lawrence Schiff Silk Mills, Inc., substantially
all of the Debtor's assets outside the ordinary course of business
to CSS Industries, Inc., for $900,000.

The sale will be free and clear of all Liens, Claims, Encumbrances
and Interests in accordance with the terms and conditions of the
First Amended Asset Purchase Agreement ("Agreement") dated June
29,2016.

A copy of the Agreement attached to the Order is available for free
at:

     http://bankrupt.com/misc/L_Schiff_103_Sale_Ord.pdf

Judge Fitzsimon held that sale of the Acquired Assets is an
appropriate exercise of the Trustee's sound and reasonable business
judgment and in the best interests of the Debtor, its estate and
its creditors.  The offer of the Purchaser, as embodied in the
Agreement, was the highest and best offer for the Acquired Assets,
and the purchaser is the "Successful Bidder" for the Acquired
Assets in accordance with the Bidding Procedures and the Bidding
Procedures Order.

                 About Lawrence Schiff Silk Mills

Founded in 1918 and headquartered in Quakertown, PA, Lawrence
Schiff Silk Mills, Inc.'s primary business was the manufacturing of
ribbons, bows, ties, straps, webbing and over 500 additional woven,
fabricated materials for more than 1,000 customers worldwide.  LSSM
served the global industrial, apparel, military, medical, packaging
and hospitality markets.

On April 5, 2016, Pyramid Realty Group, LP, Aero Energy and Grant
Industries, Inc. filed an involuntary petition under Chapter 11 of
Title 11 of the United States Code pursuant to Sec. 303 of the
Bankruptcy Code against Lawrence Schiff Silk Mills (Bankr. E.D. Pa.
Case No. 16-12396).  Pyramid is owned by Richard J. Schiff, who
holds a minority equity stake in Debtor, owns RJLS Enterprises,
Inc., and owns or owned the Debtor's predecessor entities.

On April 22, 2016, upon agreement between the Debtor and the
Petitioning Creditors, the Court entered a Consent Order for Relief
in Involuntary Chapter 11 Case.  The Consent Order granted relief
to Debtor under Chapter 11 of the Bankruptcy Code as of the Relief
Date.

The Petitioning Creditors are represented by Jeffrey Kurtzman,
Esq., at Kurtzman Steady LLC.

William G. Schwab has been appointed the Chapter 11 Trustee for the
Debtor's estate.


LEHMAN BROTHERS: Court Partially Junks LBSF's Suit vs. Noteholders
------------------------------------------------------------------
In the adversary proceeding captioned LEHMAN BROTHERS SPECIAL
FINANCING INC., Plaintiff, v. BANK OF AMERICA NATIONAL ASSOCIATION,
et al., Defendants, Adversary Proceeding No. 10-03547 (SCC) (Bankr.
S.D.N.Y.), Judge Shelley C. Chapman of the United States Bankruptcy
Court for the Southern District of New York granted the Omnibus
Motion to Dismiss filed by certain noteholder and trust certificate
holder defendants relating to Counts I through XVI, XVIII, and XIX
of Lehman Brothers Special Financing Inc.'s (LBSF) Fourth Amended
Complaint.

LBSF brought the adversary proceeding against some 250 defendant
noteholders, note issuers, and indenture trustees seeking to
recover approximately $1 billion that was distributed to the
defendant noteholders following the commencement of the Lehman
Brothers chapter 11 proceedings in September 2008.  The
distributions were made in connection with the early termination of
hundreds of swap transactions to which LBSF was a counter-party;
the early terminations were solely triggered by LBSF's default,
which occurred when Lehman Brothers Holdings Inc. filed its chapter
11 petition on September 15, 2008.

The bankruptcy case is In re LEHMAN BROTHERS HOLDINGS INC., et al.,
Chapter 11, Debtors, Case No. 08-13555 (SCC) (Bankr. S.D.N.Y.).

A full-text copy of Judge Chapman's June 28, 2016 memorandum
decision is available at https://is.gd/XHYvxK from Leagle.com.

                    About Lehman Brothers

Lehman Brothers Holdings Inc. -- http://www.lehman.com/-- was the
fourth largest investment bank in the United States.  For more than
150 years, Lehman Brothers has been a leader in the global
financial markets by serving the financial needs of corporations,
governmental units, institutional clients and  individuals
worldwide.

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

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

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

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

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

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

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

                          *     *     *

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

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


LEHMAN BROTHERS: Former Trader Loses Bid for $83M Windfall Bonus
----------------------------------------------------------------
Jonathan Stempel, writing for Reuters, reported that a federal
judge said a former star Lehman Brothers Holdings Inc trader was
not entitled to an $83 million bonus he claimed he was owed
following the investment bank's 2008 collapse, on top of a similar
sum that Barclays Plc already paid him.

According to the report, U.S. District Judge Lorna Schofield in
Manhattan also said the former trader Jonathan Hoffman did not
deserve $7.7 million that a federal bankruptcy judge had said he
could recoup from the estate of Lehman's brokerage unit, Lehman
Brothers Inc, based on an unpaid installment from his 2007 bonus.

Hoffman's quest for additional pay is one of the largest lawsuits
left in the wind-down of Lehman, whose Sept. 15, 2008 bankruptcy
remains the biggest in U.S. history and helped trigger a global
financial crisis, the report related.

Judge Schofield said Hoffman, a former managing director, had been
"extremely successful" trading interest rate products, generating
billions of dollars of profit since joining Lehman in 1994, the
report further related.  But she said it "strains credulity" for
Hoffman to argue that Barclays, the British bank that bought much
of Lehman's North American banking business, paid him $83 million
as a signing bonus or motivational tool, and that the sum only
coincidentally matched what Lehman owed, the report added.

"He negotiated for and received everything he was owed, and now
seeks to collect an $83 million windfall," Judge Schofield wrote,
the report cited.  "His claim is barred in its entirety."

                       About Lehman Brothers

Lehman Brothers Holdings Inc. -- http://www.lehman.com/-- was the
fourth largest investment bank in the United States.  For more than
150 years, Lehman Brothers has been a leader in the global
financial markets by serving the financial needs of corporations,
governmental units, institutional clients and  individuals
worldwide.

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

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

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

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

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

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

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

                          *     *     *

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

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


MAXIM CRANE: S&P Removes 'B' CCR From CreditWatch Negative
----------------------------------------------------------
S&P Global Ratings said that it has removed its 'B' corporate
credit rating on Maxim Crane Works L.P. from CreditWatch, where S&P
had placed it with negative implications on May 4, 2016, and
affirmed all of its ratings on the company.  The outlook is
stable.

"We removed our corporate credit rating on Maxim Crane Works L.P.
from CreditWatch negative because we do not expect the company's
acquisition by Apollo to weaken its credit measures, primarily
because of the significant equity contribution that its acquirer
used to partly fund the acquisition," said S&P Global credit
analyst Tyrell Peebles.

S&P will withdraw all of its ratings on Maxim Crane following the
completion of its sale to Apollo, which S&P expects will occur in
the next three months.


MED-SURG GROUP: Case Summary & 17 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: Med-Surg Group, Incorporated
        104 Florida Avenue
        Beckley, WV 25801

Case No.: 16-50176

Nature of Business: Health Care

Chapter 11 Petition Date: July 11, 2016

Court: United States Bankruptcy Court
       Southern District of West Virginia (Beckley)

Judge: Hon. Frank W. Volk

Debtor's Counsel: Joseph W. Caldwell, Esq.
                  CALDWELL & RIFFEE
                  P. O. Box 4427
                  Charleston, WV 25364-4427
                  Tel: 304-925-2100
                  Fax: (304) 925-2193
                  E-mail: joecaldwell@frontier.com
                          chuckriffee@frontier.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Olu R. Sangodeyi, director.

A copy of the Debtor's list of its 17 largest unsecured creditors
is available for free at http://bankrupt.com/misc/wvsb16-50176.pdf


MEE APPAREL: Order Allowing NY Suit to Continue Partly Affirmed
---------------------------------------------------------------
Judge Freda L. Wolfson of the United States District Court for the
District of New Jersey affirmed in part and reversed in part the
July 9, 2015 order of the United States Bankruptcy Court for the
District of New Jersey in the case captioned IN RE: MEE APPAREL,
LLC AND MEE DIRECT, LLC, Debtors-in-Possession. ARTECH PRINT S.A.S.
and C.I. TECHNIPRINT S.A.S., Appellants/Cross-Appellees, v. SUCHMAN
LLC, Appellee/Cross-Appellant, Civil Action No. 15-5697 (FLW)
(D.N.J.).

The bankruptcy court's order denied Artech Print S.A.S. and C.I.
Techniprint S.A.S.'s motion to continue litigation in a New York
state court action against a non-debtor, and allowed that state
court action to proceed against other non-debtor parties.

Judge Wolfson reversed the bankruptcy court's order to the extent
that it held that Artech and CIT's claims were not alter-ego claims
and permitted Artech and CIT to continue the prosecution of those
claims against Cat3 LLC and Sharmila Makker.  The judge, however,
affirmed the bankruptcy court's order to the extent that it
prohibited Artech and CIT from continuing to prosecute their
alter-ego claims in the New York state court action against Seth
Gerszberg, albeit for different reasons than stated by the
bankruptcy court.

A full-text copy of Judge Wolfson's June 28, 2016 opinion is
available at https://is.gd/DToZRH from Leagle.com.

MEE APPAREL, LLC, MEE DIRECT, LLC are represented by:

          David M. Bass, Esq.
          COLE SCHOTZ P.C..
          1325 Avenue of the Americas, 19th Floor
          New York, NY 10019
          Tel: (212)752-8000
          Fax: (212)752-8393
          Email: dbass@coleschotz.com

ARTECH PRINT S.A.S., C.I. TECHNIPRINT S.A.S. are represented by:

          Gary S. Redish, Esq.
          WINNE, BANTA, HETHERINGTON & MASRALIAN, PC.
          Court Plaza South - East Wing
          21 Main Street, Suite 101
          Hackensack, NJ 07601-0647
          Tel: (201)487-3800
          Fax: (201)487-8529
          Email: gredish@winnebanta.com

SUCHMAN, LLC is represented by:

          Carollynn H.G. Callari, Esq.
          CALLARI PARTNERS LLC
          One Rockeller Paza, 10th Floor
          New York, NY 10020
          Tel: (212)202-3050
          Email: ccallari@callaripartners.com

            -- and --

          Patrick J. Boyle, Esq
          VENABLE LLP
          Rockefeller Center
          1270 Avenue of the Americas, 24th Floor
          New York, NY 10020
          Tel: (212)307-5500
          Fax: (212)307-5598
          Email: pboyle@venable.com

                       About MEE Apparel

Founded in 1993 by Marc Ecko, Gerszberg and Marci Tapper, MEE
Apparel LLC and MEE Direct LLC are providers of youth apparel and
streetwear under the "Ecko Unltd." and "Unltd." brands.  Evolving
from just six t-shirts and a can of spray paint, MEE has become a
full scale global fashion and lifestyle company.  In 2013, MEE
Apparel generated gross sales of approximately $50 million.

MEE Apparel LLC and MEE Direct LLC filed Chapter 11 bankruptcy
petitions (Bankr. D.N.J. Case Nos. 14-16484 and 14-16486) on
April 2, 2014.  As of the Petition Date, the Debtors had assets of
approximately $30 million and liabilities of $62 million,
including $25 million of debt outstanding to unsecured creditors.
Judge Christine M. Gravelle presides over the Chapter 11 cases.
The petitions were signed by Jeffrey L. Gregg as chief
restructuring officer.

Cole, Schotz, Meisel, Forman & Leonard, P.A., serves as the
Debtor's counsel.  Prime Clerk LLC is the Debtor's claims and
noticing agent.  Innovation Capital, LLC, acts as the Debtor's
investment banker.

Suchman LLC closed the purchase of substantially all of MEE's
assets pursuant to the asset purchase agreement dated May 30,
2014.  The sale was valued at $12 million.

The U.S. Trustee for Region 3 has appointed five members to the
Official Committee of Unsecured Creditors.  Counsel for Committee
is David M. Posner, Esq., Otterbourg, P.C., in New York.  The
Committee also retains Capstone Advisory Group LLC as financial
advisor.


MIDSTATES PETROLEUM: Can Poll Creditors on Bankruptcy-Exit Plan
---------------------------------------------------------------
Stephanie Gleason, writing for Daily Bankruptcy Review, reported
that oil and gas producer Midstates Petroleum Corp. received a
bankruptcy judge's permission to begin polling creditors on its
bankruptcy-exit plan, a plan based on a support agreement
negotiated prior to the company's bankruptcy filing.

According to the report, the permission from Judge David Jones of
the U.S. Bankruptcy Court in Houston came over the objection of the
committee of unsecured creditors, which argued that the plan is
"patently unconfirmable" and shouldn't go to a vote.

"Nothing that I have heard has changed my initial assessment of
where we are today," the report cited Judge Jones as saying.  "I
have read the disclosure statement. I think it has made a good
effort to put forward the status of a complicated situation."

The oil and gas producer filed for bankruptcy in May with a plan to
reduce its debt by 90% by handing more than 96% ownership of the
company to junior bondholders owed $625 million, in exchange for
forgiveness of that debt, the report related.  That group of junior
bondholders will also be entitled to as much as $60 million in
cash, the report further related.  Lenders of its $249.2 million
senior revolving facility are being paid $82 million in cash and
have agreed to provide a $170 million exit facility to Midstates,
the report added.

                   About Midstates Petroleum Company

Midstates Petroleum Company, Inc. --
http://www.midstatespetroleum.com/-- is an independent exploration

and production company focused on the application of modern
drilling and completion techniques in oil and liquids-rich basins
in the onshore U.S. Midstates' drilling and completion efforts are
currently focused in the Mississippian Lime oil play in Oklahoma
and Anadarko Basin in Texas and Oklahoma. The Company's operations
also include the upper Gulf Coast tertiary trend in central
Louisiana.

Midstates Petroleum Company, Inc. and Midstates Petroleum Company
LLC filed separate Chapter 11 petitions (Bankr. S.D. Tex. Case
Nos.
16-32237 and 16-32238) on April 30, 2016.  The petitions were
signed by Nelson M. Haight, executive vice president and chief
financial officer Judge David R Jones presides over the case. As
of
Dec. 31, 2015, the Company listed assets of $679 million and total
debts of $2 billion.

The Debtors have hired Kirkland & Ellis LLP and Kirkland & Ellis
International LLP as lead bankruptcy counsel, Jackson Walker LLP
as
their local and conflicts bankruptcy counsel, and Evercore Group
L.L.C. as investment banker.  Kurtzman Carson Consultants LLC
serves as claims and noticing agent.

The Office of the U.S. Trustee, on May 12, 2016, appointed three
creditors to serve on the official committee of unsecured
creditors.  The Committee taps Squire Patton Boggs (US) LLP as
counsel, Berkeley Research Group LLC as financial advisor, and
Conway Mackenzie, Inc. as special E&P advisor.


NEW GULF: Completes Financial Restructuring, Exits Chapter 11
-------------------------------------------------------------
New Gulf Resources and certain subsidiaries completed its financial
restructuring and emerged from Chapter 11 on May 13, 2016.  The
company has completed all required actions and satisfied the
remaining conditions of its Plan of Reorganization (the "Plan"),
which was previously confirmed by the US Bankruptcy Court for the
District of Delaware on April 20, 2016.  

In accordance with the Plan, NGR received post-emergence financing
from existing stakeholders led by an ad hoc committee of creditors,
including Varde Partners, Millstreet Capital Management, and
PennantPark Investment Corporation.  The Company emerges with a
clean balance sheet, ample liquidity, as well as continued
strategic and financial support from certain ad hoc committee
members.

"This is a new beginning for our company.  Proactively
restructuring our balance sheet early in this period of low
commodity prices has provided the Company the best opportunity to
create the most value for all of our constituents.  With the
restructuring behind us, and with the backing of the ad hoc
committee, we are poised to build a premier energy company through
organic development of our existing asset base and strategic
acquisitions.  We are pleased to have the continued support of the
ad hoc committee and appreciative of the work done by all the
advisors and legal counsel to make this day possible.
Additionally, we are grateful for the diligence of our employees
who performed admirably during this process and for our strong
relationships with our royalty owners, vendors, and suppliers.  We
have established a seasoned and experienced Board balanced with
years of direct industry and financial expertise.  We truly believe
this reorganization was the best option available to the company
and its various stakeholders during a very challenging time in our
industry" said Ralph Hill, Chairman and CEO.

Hill continued "Our assets currently consists of approximately
75,000 acres primarily in Leon, Madison and Grimes counties along
with Walker and Brazos.  We have been successful finding pay in all
of our stacked pay carbonate zones of the Buda, Georgetown, Edwards
and Glen Rose, the "Buda Rose" play as well as in the Eagle Ford
Shale.  We look forward to continuing to develop these plays and
assets.  Our vertical stacked play success has set the foundation
for horizontal plays in our assets."

Further with this fresh start the company name will be changed to
ETX Energy, LLC.  More information on the formal timing of the name
change will be provided in the near future.

The ad hoc committee of creditors was advised by its financial
advisor, PJT Partners LP and Stroock & Stroock & Lavan LLP as legal
counsel.

New Gulf Resources retained Barclays and Zolfo Cooper LLC as its
financial and restructuring advisors, and received legal counsel
from Baker Botts L.L.P.

                     About New Gulf Resources

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

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

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

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


NEXXLINX CORPORATION: U.S. Trustee Forms 5-Member Committee
-----------------------------------------------------------
Guy Gebhardt, acting U.S. trustee for Region 21, on July 11
appointed five creditors of NexxLinx Corporation, Inc., to serve on
the official committee of unsecured creditors.

The committee members are:

     (1) Contact Solutions, LLC
         800 North Point Parkway, Suite 400
         Alpharetta, GA 30005
         paige.honeycutt@verint.com
         (678) 243-4876

     (2) Karl Holzthum
         P.O. Box 192
         Weston, MA 02493
         HolzthumK@gmail.com
         (617) 852-3992

     (3) Thermo Communications Funding, LLC
         639 Loyola Avenue, Suite 2565
         New Orleans, LA 70113
         seth@thermocredit.com
         (504) 975-8599

     (4) Vialinx S.A.
         51 West Center #306
         Orem, UT 84057
         scott.kincer@vialinx.com

     (5) Wilco Capital, Inc.
         104 23rd Street South, Suite 150
         Birmingham, AL 35233
         rwilliamson@wilcocap.com
         (205) 578-6859

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

                   About NexxLinx Corporation

NexxLinx Corporation, Inc., which operates customer service call
centers, sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. N. D. Ga. Case No. 16-61225) on June 28, 2016.  The
petition was signed by D. Alan Quarterman, CEO.  

The case is assigned to Judge Paul Baisier.  The Debtor is
represented by Ashley Reynolds Ray, Esq., and J. Robert Williamson,
Esq., at Scroggins & Williamson, P.C.  GGG Partners, LLC serves as
its financial consultant.

At the time of the filing, the Debtor estimated its assets and
liabilities at $10 million to $50 million.


PACIFIC SUNWEAR: Auction Cancelled After No Rival Bids Submitted
----------------------------------------------------------------
Pacific Sunwear of California, Inc., has filed a notice with the
Bankruptcy Court, indicating that no bids were submitted prior to
the bid deadline and that no party requested an extension of the
bid deadline.  In accordance with the bidding procedures order, the
auction is cancelled and PS Holdings of Delaware, LLC - Series A
and PS Holdings of Delaware, LLC - Series B (the Term Loan Lenders)
are deemed the winning bidders.

                    About Pacific Sunwear of California

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

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

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

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


PACIFIC SUNWEAR: Seeks to Extend Time to Remove Actions to Oct. 6
-----------------------------------------------------------------
Pacific Sunwear of California, Inc., asks the Bankruptcy Court to
extend the period within which the Debtors may remove actions and
related proceedings by three months, through and including Oct. 6,
2016.

The Debtors are parties to actions currently pending in the courts
of certain states and federal districts, and believe that it is
prudent to seek an extension of the time established by Bankruptcy
Rule 9027 to protect the rights of the Debtors and their estates to
remove these Actions.

Since the commencement of these Cases, the Debtors' management and
professionals have devoted a significant amount of effort toward
ensuring a smooth transition of the Debtors' operations into
chapter 11.  In addition, since the Petition Date, the Debtors'
management and professionals have devoted a substantial amount of
time, energy, and resources toward several other critical matters
in these Cases.

The Debtors have not had sufficient time to review the Actions to
determine if any should be removed pursuant to Bankruptcy Rule
9027(a).  Accordingly, the Debtors submit that extending the
Current Removal Deadline is in the best interests of the Debtors,
their estates, and creditors.  The extension sought will afford the
Debtors an opportunity to make more fully informed decisions
concerning the removal of any Actions and will ensure that the
Debtors and their estates do not forfeit the valuable rights
afforded to them under 28 U.S.C. Sec. 1452.  Furthermore, the
Debtors submit that granting the extension requested herein will
not prejudice the rights of their adversaries in the Actions
because, in many (if not all) circumstances, such parties may not
prosecute these actions absent relief from the automatic stay.  In
addition, nothing herein will prejudice any party to an Action that
the Debtors may ultimately attempt to remove from seeking the
remand of such action under 28 U.S.C Sec. 1452(b) at the
appropriate time.

Pacific Sunwear of California, Inc., and its affiliated debtors
are
represented by:

          Michael R. Nestor, Esq.
          Joseph M. Barry, Esq.
          Maris J. Kandestin, Esq.
          Shane M. Reil, Esq.
          YOUNG CONAWAY STARGATT & TAYLOR, LLP
          Rodney Square
          1000 North King Street
          Wilmington, DE 19801
          Telephone: (302)571-6600
          Facsimile: (302)571-1253
          E-mail: mnestor@ycst.com
                 jbarry@ycst.com
                 mkandestin@ycst.com
                 sreil@ycst.com

                - and -

          Michael L. Tuchin, Esq.
          David M. Guess, Esq.
          Jonathan M. Weiss, Esq.
          Sasha M. Gurvitz, Esq.
          KLEE, TUCHIN, BOGDANOFF & STERN LLP
          1999 Avenue of the Stars, 39th Floor
          Los Angeles, CA 90067
          Telephone: (310)407-4029
          Facsimile: (310)407-9090
          E-mail: mtuchin@ktbslaw.com
                  dguess@ktbslaw.com
                  jweiss@ktbslaw.com

                    About Pacific Sunwear of California

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

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

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

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


PARQ HOLDINGS: S&P Affirms 'B-' CCR, Outlook Stable
---------------------------------------------------
S&P Global Ratings said it affirmed its 'B-' long term corporate
credit rating on Parq Holdings L.P.  The outlook is stable.

At the same time, S&P Global Ratings affirmed its 'B+' issue-level
rating on the company's US$220 million first-lien term bank debt
and US$45 million first-lien delayed draw term loan with a recovery
rating of '1', indicating S&P's expectations of very high recovery
(90%-100%) in the event of a default.

Parq Holding's new resort and casino project in downtown Vancouver
experienced a construction delay that resulted in an increase to
the project budget of C$111 million.  The majority of the increase
was funded primarily through an equity injection by the project
sponsors, as well as other cash flow sources including cash flow
from the Edgewater Casino.  S&P is affirming its corporate credit
rating on Parq Holdings because S&P believes that the project will
be fully funded notwithstanding the increase in the project budget.
However, the projected opening of September 2017, a delay of
approximately six months, will shorten the period for the casino to
ramp up operations from opening until the project's debt becomes
due in 2020. We expect liquidity to be adequate until the
completion of the construction.

"The corporate credit rating reflects our assessment of Parq's
business risk profile as vulnerable and its financial risk profile
as highly leveraged," said S&P Global Ratings credit analyst Andrew
Ng.

S&P's vulnerable business risk profile assessment reflects the
construction and execution risk associated with developing and
opening a new casino and hotel, reliance on a single property for
cash flow in a market with established competition, and the
untested ability of the new facilities to boost weak earnings and
cash flow from the existing Edgewater Casino.  On the other hand,
S&P believes the project should benefit from attractive
demographics and a good location in Vancouver, a supportive
regulatory framework, and a strong hotel partner in Marriott.

"Our highly leveraged financial risk profile assessment reflects
the project's large debt burden, which will be exposed to uncertain
profitability and cash flow upon completion.  We believe the
ramp-up of new gaming projects can be unsteady, owing to uncertain
demand and cost management in the early months.  As such, liquidity
will be particularly exposed if opening is further delayed or
disrupted, or if capital costs escalate, which is counterbalanced
by interest reserve accounts that provide four months of interest
separately for both the credit facilities and the second-lien
notes.  Parq will rely on a single site for cash flow, with gaming
activities moving from the existing Edgewater Casino at opening,"
S&P said.

The stable outlook reflects S&P's view that adequate funding is in
place to complete construction notwithstanding the recent increase
to the project costs and that the property will ramp up steadily to
generate sufficient cash to service the proposed capital structure
by its second year of operation, notwithstanding the recent project
cost increase.

S&P could lower the ratings if further construction delays, cost
overruns, or a weak first year of operations lead to a liquidity
shortfall.  The recent construction delay narrows the ramp up of
operations and increases the risk of tighter covenants and tighter
fixed charge coverage ratio, although S&P believes a minimum profit
guarantee from Marriott could mitigate this somewhat after
opening.

An upgrade is unlikely while the project is under construction.
After the casino's opening, S&P could raise its ratings if casino
and hotel earnings ramp up faster than it expects, such that EBITDA
coverage of total interest improves to 2x and fully adjusted
leverage drops to below 5x.


PENN VIRGINIA: Court Approves $25-Mil. DIP Facility
---------------------------------------------------
Judge Keith L. Phillips of the U.S. Bankruptcy Court for the
Eastern District of Virginia, Richmond Division, authorized Penn
Virginia Corporation, et al., to secure superpriority postpetition
financing and use cash collateral on a final basis.

The Debtor-in-possession Credit Agreement contains, among others,
the following relevant terms:

     (a) Parties: Penn Virginia Holding Corp, as Borrower and Wells
Fargo Bank, National Association, as administrative and collateral
agent.

     (b) Superpriority Priming Credit Facility: loans in an
aggregate amount not to exceed $25,000,000.

     (c) Maturity Date: The earliest of:

          (i) the Scheduled Maturity Date, or 150 days after the
Petition Date;

          (ii) the consummation of a sale of all or substantially
all of the assets of the Credit Parties pursuant to Section 363 of
the Bankruptcy Code or otherwise;

          (iii) the effective date of a plan or reorganization or
liquidation in the Cases;

          (iv) the date of filing or support by the Borrower of a
plan of reorganization that does not provide for the discharge of
DIP Obligations;

          (v) the entry of an order by the Bankruptcy Court (x)
approving the appointment of a bankruptcy trustee or examiner with
expanded powers beyond those set forth in section 1106(a)(3) and
(4) of the Bankruptcy Code, (y) dismissing any of the Cases, or (z)
converting any of the Cases to a case under Chapter 7 of the
Bankruptcy Code;

          (vi) the date of termination of the Lenders' commitments
and the acceleration of any outstanding extensions of credit.

     (d) Fees:  The Borrower, among others, agrees to pay to the
DIP Agent:

          (1) for the account of each Lender, an unused commitment
fee equal to .50% multiplied by the daily average of each such
Lender's Unused Commitment;

          (2) for the account of each Lender, a closing fee of .50%
of the principal amount of each Loan advanced by such Lender, such
fee to be earned and due and payable on the date each such Loan is
advanced;

          (3) for the account of each Lender, an extension fee
equal to (i) for any extension not exceeding three months, 0.25%
per annum of the aggregate principal amount of the Loans made by
such Lender, (ii) for any extension exceeding three months but not
exceeding six months, 0.50% per annum of the aggregate principal
amount of the Loans made by such Lender, and (iii) for any
extension exceeding six months, 1% per annum of the aggregate
principal amount of the Loans made by such Lender.

     (e) Interest: Loans comprising each ABR Borrowing shall bear
interest at the Alternate Base Rate plus 5%.  Eurodollar Loans
shall bear interest at the Adjusted LIBO Rate per annum for the
Interest Period in effect for such Borrowing plus 6%.
Notwithstanding the foregoing, during the continuance of an Event
of Default, each Borrowing shall bear interest at a rate per annum
equal to interest rate in effect from time to time, as applicable,
plus 2%.

Judge Phillips acknowledged that the only source of secured credit
available to the Debtors, other than the use of cash collateral, is
the DIP Facility.  He further acknowledged that the Debtors require
both financing under the DIP Facility and the continued use of Cash
Collateral under the terms of the Final Order to satisfy the
Debtors' postpetition liquidity needs.

A full-text copy of the Final Order, dated June 8, 2016, is
available at https://is.gd/zGNirw

Penn Virginia Corporation and its affiliated debtors are
represented by:

          Edward O. Sassower, Esq.
          Joshua A. Sussberg, Esq.
          Brian E. Schartz, Esq.
          KIRKLAND & ELLIS LLP
          KIRKLAND & ELLIS INTERNATIONAL LLP
          601 Lexington Avenue
          New York, NY 10022
          Telephone: (212)446-4800
          Facsimile: (212)446-4900
          E-mail: edward.sassower@kirkland.com
                  brian.schartz@kirkland.com

                 - and -

          James H.M. Sprayregen, Esq.
          Justin R. Bernbrock, Esq.
          Benjamin M. Rhode, Esq.
          KIRKLAND & ELLIS LLP
          KIRKLAND & ELLIS INTERNATIONAL LLP
          300 North LaSalle
          Chicago, IL 60654
          Telephone: (312)862-2000
          Facsimile: (312)862-2200
          E-mail: james.sprayregen@kirkland.com
                  justin.bernbrock@kirkland.com
                  benjamin.rhode@kirkland.com

                 - and -

          Michael A. Condyles, Esq.
          Peter J. Barrett, Esq.
          Jeremy S. Williams, Esq.
          KUTAK ROCK LLP
          Bank of America Center
          1111  East Main Street, Suite 800
          Richmond, VA 23219
          Telephone: (804)644-1700
          Facsimile: (804)783-6192
          E-mail: michael.condyles@kutakrock.com
                  peter.barrett@kutakrock.com
                  jeremy.williams@kutakrock.com

                 About Penn Virginia Corporation

Based in Radnor, Pennsylvania, Penn Virginia Corporation is an
independent oil and gas company engaged in the exploration,
development and production of oil, NGLs and natural gas in various
domestic onshore regions of the United States, with a primary
focus
in the Eagle Ford Shale in South Texas.

Each of Penn Virginia Corporation, Penn Virginia Holding Corp.,
Penn Virginia MC Corporation, Penn Virginia MC Energy L.L.C., Penn
Virginia MC Operating Company L.L.C., Penn Virginia Oil & Gas
Corporation, Penn Virginia Oil & Gas GP LLC, Penn Virginia Oil &
Gas LP LLC and Penn Virginia Oil & Gas, L.P. filed a voluntary
petition under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Va.
Case Nos. 16-32395 to 16-32403, respectively) on May 12, 2016. The
petitions were signed by Seth R. Bullock as chief restructuring
officer.

The Debtors have engaged Kirkland & Ellis LLP as counsel, Kutak
Rock LLP as local counsel, Jefferies LLC as investment banker,
Alvarez & Marsal North America, LLC as restructuring advisor,
KPMG
LLP as tax advisor and Epiq Bankruptcy Solutions, LLC as notice,
claims and balloting agent.  PJT Partners is acting as financial
advisor and Milbank, Tweed, Hadley & McCloy LLP is acting as legal
advisor to the ad hoc committee of noteholders.  Opportune LLP is
acting as financial advisor and Bracewell LLP is acting as legal
advisor to Wells Fargo (as agent) and the RBL lenders.

Judge Keith L. Phillips has been assigned the cases.


PENN VIRGINIA: Court Approves Restructuring Support Agreement
-------------------------------------------------------------
Judge Keith L. Phillips of the U.S. Bankruptcy Court for the
Eastern District of Virginia, Richmond Division, authorized debtors
Penn Virginia Corporation, et al., to assume a Restructuring
Support Agreement, a Backstop Commitment Agreement, and Exit
Commitment Letters.

The Restructuring Support Agreement, Backstop Commitment Agreement,
and Exit Commitment Letters were executed by the Debtors together
with the RBL Lenders and the RBL Agent, who were party to the RBL
Credit Facility Agreement, as well as the Noteholders of the Senior
Indenture, dated June 15, 2009, for the 7.25% Senior Notes due 2019
and the 8.5% Senior Notes due 2020, with Wilmington Savings Fund
Society, FSB as indenture trustee.

The Restructuring will be financed by (i) consensual use of cash
collateral, including $6 million funded from the termination of
certain of the Debtors' swap contracts; (ii) a new-money, $25
million investment in the form of DIP financing; and (iii) a $50
million rights offering that is backstopped by certain
Noteholders.

The Backstop Commitment Agreement provides for a premium of 6% of
the $50 million committed amount ("Commitment Premium") and a
discount of 25% to total settled plan equity value of $125 million.
The Commitment Premium will be fully earned and nonrefundable upon
entry of the Approval Order and payable in shares of New Common
Stock, unless the Backstop Commitment Agreement is terminated in
connection with a breach by the Debtors, an Alternative
Transaction, or the Debtors' entry into an Alternative Transaction
during a 12-month tail period.  In any of the foregoing cases, the
Backstop Parties will be entitled to a termination fee of 4% of the
$50 million committed amount, which will be paid in cash.  The
Backstop Commitment Agreement also provides for the Debtors to pay
for the reasonable and documented fees of all of the professionals,
advisors, and consultants retained by the Backstop Parties, and
filing fees required by antitrust laws, subject to entry of the
Approval Order.

The Restructuring will be achieved in accordance with, among
others, the following milestones:

     (1) No later than May 12, 2016, the Debtors will commence the
Chapter 11 Cases by filing bankruptcy petitions with the Bankruptcy
Court;

     (2) On, or no later than 24 hours after, the Petition Date,
the Debtors shall file with the Bankruptcy Court a motion seeking
entry of the Interim DIP Order and the Final DIP Order;

     (3) No later than three days after the Petition Date, the
Debtors will file with the Bankruptcy Court (i) the Plan and
related disclosure statement and (ii) a motion seeking entry of an
order approving the Debtors' assumption of the RSA and the Backstop
Commitment Agreement;

     (4) No later than three days after the Petition Date, the
Bankruptcy Court shall have entered the Interim DIP Order;

     (5) No later than 15 days after the Petition Date, the Debtors
shall file with the Bankruptcy Court (i) a motion to establish a
bar date for filing proofs of claim and (ii) the schedules of
assets and liabilities and statements of financial affairs for each
Debtor;

     (6) No later than 30 days after the Petition Date, the (i) the
Bankruptcy Court shall have entered the Final DIP Order, (ii) the
Bankruptcy Court shall have entered an order granting the Approval
Motion, and (iii) the Debtors will have delivered a proposal with
regard to the treatment of material contracts to the Majority
Consenting Noteholders.

The Restructuring Support Agreement provides that the Debtors will
use commercially reasonable efforts to prepare to be a publicly
listed company shortly after the Effective Date.  Any decision of
publicly listing the new equity in reorganized Penn Virginia
Corporation ("New Common Stock") on such exchange will be
determined by the New Board.

The Restructuring Support Agreement provides for the treatment of
claims and interests under the Plan as follows:

     (a) Administrative and Priority Claims: Paid in full, in cash
on the Effective Date, or as otherwise determined in the discretion
of the reorganized Debtors.

     (b) DIP Claims: DIP Claims, other than claims under any DIP
hedges that have not been terminated prior to the Effective Date,
shall be paid in cash in full, funded from cash on hand and
proceeds of the Exit Facility and the Rights Offering, on the
Effective Date.

     (c) Other Secured Debt: Unimpaired under the Plan.

     (d) RBL Claims: To the extent not paid pursuant to the DIP
Credit Agreement, paid in full in cash, funded from cash on hand
and proceeds of the Exit Facility and the Rights Offering, on the
Effective Date.

     (e) Notes Claims: Convert into an aggregate of 100% of the New
Common Stock on the Effective Date, subject to dilution on account
of the Management Incentive Plan Equity, any fees payable in New
Common Stock under the terms of the Backstop Commitment Agreement,
and the New Common Stock issued in the Rights Offering. Each holder
of an allowed Note Claim shall be entitled to participate in the
Rights Offering in accordance with the Backstop Commitment
Agreement, the RSA, the Plan, and the Rights Offering Procedures.

     (f) General Unsecured Claims: Convert an aggregate of 100% of
the New Common Stock on the Effective Date, subject to dilution on
account of the Management Incentive Plan Equity, any fees payable
in New Common Stock under the terms of the Backstop Commitment
Agreement, and the New Common Stock issued in the Rights Offering.

     (g) Existing Equity Interests: No recovery and shall be
cancelled, extinguished, and discharged.

Judge Phillips granted the Debtors' Motion, notwithstanding the
objections filed by U.S. Trustee for Region Four, Judy Robbins, and
the Ad Hoc Committee of Equity Security Holders of Penn Virginia
Corporation.

A full-text copy of the Order, dated June 14, 2016, is available at
https://is.gd/mWARdi

Judy Robbins, United States Trustee for Region Four, is represented
by:

          Robert B. Van Arsdale, Esq.
          Shannon Pecoraro, Esq.
          OFFICE OF THE UNITED STATES TRUSTEE
          701 East Broad Street, Suite 4304
          Richmond, VA 23219
          Telephone: (804)771-2310
          E-mail: robert.b.van.arsdale@usdoj.gov
                 shannon.pecoraro@usdoj.gov

                 - and -

          B. Webb King, Esq.
          OFFICE OF THE UNITED STATES TRUSTEE
          210 First Street, Suite 505
          Roanoke, VA 24011
          E-mail: webb.king@usdoj.gov

The Ad Hoc Committee of Noteholders is represented by:

          Dennis F. Dunne, Esq.
          Samuel A. Khalil, Esq.
          Brian Kinney, Esq.
          Bradley S. Friedman, Esq.
          MILBANK, TWEED, HADLEY & MCCLOY, LLP
          28 Liberty Street
          New York, NY 10005
          Telephone: (212)530-5000
          Facsimile: (212)530-5219
          E-mail: ddunne@milbank.com
                 skhalil@milbank.com
                 bkinney@milbank.com
                 bfriedman@milbank.com

                 - and -

          Lynn L. Tavenner, Esq.
          Paula S. Beran, Esq.
          David N. Tabakin, Esq.
          TAVENNER & BERAN, PLC
          20 North Eighth Street, Second Floor
          Richmond, VA 23219
          Telephone: (804)783-8300
          Facsimile: (804)783-0178
          E-mail: LTavenner@tb-lawfirm.com
                  PBeran@tb-lawfirm.com

Penn Virginia Corporation and its affiliated Debtors are
represented by:

          Edward O. Sassower, Esq.
          Joshua A. Sussberg, Esq.
          Brian E. Schartz, Esq.
          KIRKLAND & ELLIS LLP
          KIRKLAND & ELLIS INTERNATIONAL LLP
          601 Lexington Avenue
          New York, NY 10022
          Telephone: (212)446-4800
          Facsimile: (212)446-4900
          E-mail: edward.sassower@kirkland.com
                  brian.schartz@kirkland.com

                 - and -

          James H.M. Sprayregen, Esq.
          Justin R. Bernbrock, Esq.
          Benjamin M. Rhode, Esq.
          KIRKLAND & ELLIS LLP
          KIRKLAND & ELLIS INTERNATIONAL LLP
          300 North LaSalle
          Chicago, IL 60654
          Telephone: (312)862-2000
          Facsimile: (312)862-2200
          E-mail: james.sprayregen@kirkland.com
                  justin.bernbrock@kirkland.com
                  benjamin.rhode@kirkland.com

                 - and -

          Michael A. Condyles, Esq.
          Peter J. Barrett, Esq.
          Jeremy S. Williams, Esq.
          KUTAK ROCK LLP
          Bank of America Center
          1111 East Main Street, Suite 800
          Richmond, VA 23219
          Telephone: (804)644-1700
          Facsimile: (804)783-6192
          E-mail: Michael.Condyles@KutakRock.com
                  Peter.Barrett@KutakRock.com
                  Jeremy.Williams@KutakRock.com

The Ad Hoc Committee of Equity Security Holders of Penn Virginia
Corporation are represented by:

          Christopher L. Perkins, Esq.
          LECLAIRRYAN, APC
          919 East Main Street, 24th Floor
          Richmond, VA 23219
          Telephone: (804)783-7550
          E-mail: christopher.perkins@leclairryan.com

                 - and -

          Janice B. Grubin, Esq.
          Heidi J. Sorvino, Esq.
          LECLAIRRYAN, APC
          70 Linden Oaks, Suite 210
          Rochester, NY 14625
          Telephone: (585)270-2106
          E-mail: janice.grubin@leclairryan.com
                  heidi.sorvino@leclairryan.com

                 About Penn Virginia Corporation

Based in Radnor, Pennsylvania, Penn Virginia Corporation is an
independent oil and gas company engaged in the exploration,
development and production of oil, NGLs and natural gas in various
domestic onshore regions of the United States, with a primary
focus
in the Eagle Ford Shale in South Texas.

Each of Penn Virginia Corporation, Penn Virginia Holding Corp.,
Penn Virginia MC Corporation, Penn Virginia MC Energy L.L.C., Penn
Virginia MC Operating Company L.L.C., Penn Virginia Oil & Gas
Corporation, Penn Virginia Oil & Gas GP LLC, Penn Virginia Oil &
Gas LP LLC and Penn Virginia Oil & Gas, L.P. filed a voluntary
petition under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Va.
Case Nos. 16-32395 to 16-32403, respectively) on May 12, 2016. The
petitions were signed by Seth R. Bullock as chief restructuring
officer.

The Debtors have engaged Kirkland & Ellis LLP as counsel, Kutak
Rock LLP as local counsel, Jefferies LLC as investment banker,
Alvarez & Marsal North America, LLC as restructuring advisor,
KPMG
LLP as tax advisor and Epiq Bankruptcy Solutions, LLC as notice,
claims and balloting agent.  PJT Partners is acting as financial
advisor and Milbank, Tweed, Hadley & McCloy LLP is acting as legal
advisor to the ad hoc committee of noteholders.  Opportune LLP is
acting as financial advisor and Bracewell LLP is acting as legal
advisor to Wells Fargo (as agent) and the RBL lenders.

Judge Keith L. Phillips has been assigned the cases.


PERRY COUNTY, KY: Moody's Lowers Gen Obligation Rating to Ba2
-------------------------------------------------------------
Moody's Investors Service has downgraded to Ba2 from Ba1 Perry
(County), KY's General Obligation (GO) rating.  The downgrade
reflects the county's narrow liquidity that is projected to remain
limited, material decline in full value, and softening local
economy.  Furthermore, the heavy reliance on economically sensitive
revenues poses a long-term risk for the county's financial health.
The rating action also considers the county's modest debt burden as
well as ability to maintain sound management practices amid
significant revenue declines.

The rating was placed under review on May 25, 2016, pending further
clarification of the district's financial position.  This rating
action concludes that review.

Rating Outlook

The negative outlook reflects the continued declines in main source
of revenue for the county, the coal severance and mineral taxes,
due to downward shifts in the coal industry in North America.  The
outlook also reflects the inability of the county to articulate a
solid plan to generate additional revenue in the short term.

Factors that Could Lead to an Upgrade

  Significant improvement in cash and fund balance levels
  Proven ability to administer additional revenue streams
  Tax base expansion and diversification

Factors that Could Lead to a Downgrade

  Further tax base deterioration resulting from prolonged declines

   in coal values
  Additional debt issuance that increases debt burden and debt
   service costs

Legal Security

The county's rated debt is secured with an unlimited general
obligation and full faith and credit pledge.

Use of Proceeds
Not Applicable

Obligor Profile
Perry County is located in southeastern Kentucky.  The county seat,
Hazard, is approximately 90 miles southeast of Lexington. The
county has a population of 28,137.  Health services, mining, and
retail trade are key drivers of the local economy.

Methodology

The principal methodology used in this rating was US Local
Government General Obligation Debt published in January 2014.


POSTMEDIA NETWORK: Moody's Lowers PDR to Ca-PD on Notes Conversion
------------------------------------------------------------------
Moody's Investors Service downgraded Postmedia Network Inc.'s
probability of default rating (PDR) to Ca-PD from Caa2-PD and left
all other ratings unchanged.

The PDR downgrade results from Postmedia's July 7, 2016,
announcement of a debt exchange offer, in which the second-lien
notes will be converted into common equity of the company
(representing a 98% share).  Postmedia will also repay $78 million
at par on its First Lien Notes and extend the maturity to July
2021, as well as issue a new $110 million Second Lien Notes due
July 2023.  If the transaction closes as currently contemplated, it
will constitute a distressed exchange, which is an event of default
under Moody's definition of default and, at closing, Moody's would
append the /LD limited default indicator to Postmedia's PDR.  This
will remain for one business day and ratings will be reassessed at
that time.

Ratings Downgraded:

  Probability of Default Rating, to Ca-PD from Caa2-PD

Ratings/Outlook Unchanged:

  Corporate Family Rating, Caa2
  8.25% First Lien Notes due August 2017, B1 (LGD2)
  12.5% Second Lien Notes due July 2018, Caa3 (LGD4)
  Speculative Grade Liquidity, SGL-4
  Outlook, Remains at Negative

RATINGS RATIONALE

Postmedia's Caa2 CFR primarily reflects substantial refinancing
risk in 2017 and 2018 caused by a combination of high leverage
(adjusted Debt/EBITDA of 6.4x prior to the planned reorganization),
high business risk from a continuing steep revenue decline from its
traditional Canadian newspaper business, and weak ability to
generate replacement revenue from digital content.  The rating
considers that digital's low entry barriers and non-existent
geographic boundaries will limit the company's potential to
compensate for the decline in print revenue.

The negative outlook reflects refinancing risk with the company's
upcoming debt maturities.

The ratings may be downgraded further if it is highly likely the
company will default on its debt obligations.  A ratings upgrade
may be considered if the company successfully refinances its debt
maturities, demonstrates improvement in liquidity, and stabilizes
revenue and EBITDA.

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

Postmedia Network Inc. is the largest publisher by circulation of
English language daily newspapers in Canada.  Revenue for the last
twelve months ended May 31, 2016, was C$909 million.  The company
is headquartered in Toronto.


POSTMEDIA NETWORK: S&P Lowers CCR to 'CC', Outlook Negative
-----------------------------------------------------------
S&P Global Ratings said it lowered its long-term corporate credit
rating on Toronto-based media company Postmedia Network Inc. to
'CC' from 'CCC-'.  The outlook is negative.

At the same time, S&P Global Ratings lowered its issue-level rating
on Postmedia's C$390 million first–lien notes (C$303 million
outstanding) to 'CC' from 'CCC+'.  The '1' recovery rating on the
debt is unchanged, indicating S&P's expectation of very high
(90%-100%) recovery in a default scenario.  S&P Global Ratings also
lowered its issue-level rating on the company's US$275 million
second-lien notes (US$269 million outstanding) to 'C' from 'CC'.
The '6' recovery rating on the notes is unchanged, indicating S&P's
expectation of negligible (0%-10%) recovery.

On July 7, Postmedia announced it plans to recapitalize its first-
and second-lien notes.  Under the plan, first-lien noteholders will
receive new notes that mature July 15, 2021, and second-lien
noteholders will receive 98% of the company's common equity.

"The downgrade reflects our view that Postmedia's announced
recapitalization plan represents a distressed exchange," said S&P
Global Ratings credit analyst Vinod Makkar.  In the case of the
first-lien noteholders, the new securities' maturity extends beyond
the original maturity date without any material offsetting
compensation, which S&P considers an indication of receiving less
than what was originally promised.  In the case of the second-lien
noteholders, S&P believes that the value of the common equity that
investors receive is less than the original par amount of the notes
and both the proposed recapitalization transactions are distressed
exchanges, as per S&P's criteria.

The negative outlook reflects S&P's expectation that the
recapitalization transaction will be completed, given noteholders
and common equity holders' support for the transaction.  As such,
S&P considers this a distressed exchange and it will lower the
corporate credit rating to 'SD' (selective default) and the
issue-level ratings to 'D' (default) when the company completes the
transaction.


POWELL VALLEY: U.S. Trustee Appoints 2 More Creditors to Committee
------------------------------------------------------------------
The Office of the U.S. Trustee on July 11 appointed two more
creditors of Powell Valley Health Care, Inc., to serve on the
official committee of unsecured creditors.

The two unsecured creditors are:

     (1) Michelle Oliver
         20586 Highway 71N
         Mountainburg, AR 72946
         Phone: 406-403-1320
         Email: michelleoliver09@gmail.com

         Counsel: Randy Royal
         524 5th Ave. South
         P.O. Box 551
         Greybull WY 82426
         Phone: 307-765-4433
         Email: rlroyal@randylroyalpc.com

     (2) Joetta Johnson
         P.O. Box 772
         Powell, WY 82435
         Phone: 307-202-1150
         Email: Joetta@rsiwy.com

         Counsel: Randy Royal
         524 5th Ave. South
         P.O. Box 551
         Greybull WY 82426
         Phone: 307-765-4433
         Email: rlroyal@randylroyalpc.com

The bankruptcy watchdog had earlier appointed Larry Heiser and
Veronica Sommerville to the Creditors' Committee.

                       About Powell Valley

Powell Valley Health Care, Inc., filed for Chapter 11 bankruptcy
protection (Bankr. D. Wyo. Case No. 16-20326) on May 16, 2016.

No trustee or examiner has been appointed in the case.


PUERTO RICO INVESTMENT: Plan Outline Approval Hearing on August 24
------------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Puerto Rico is set to
hold a hearing on August 24, at 9:00 a.m., to consider the
disclosure statement detailing Puerto Rico Investment, S.E.'s
Chapter 11 plan.

Objections to the disclosure statement must be filed not less than
14 days prior to the hearing.

Puerto Rico Investment can be reached through:

     Carmen D. Conde Torres, Esq.
     C. Conde & Assoc.
     254 San Jose Street, 5th Floor
     San Juan, PR 00901-1523
     Tel: 787-729-2900
     Fax: 787-729-2203
     Email: condecarmen@condelaw.com

                 About Puerto Rico Investment

Puerto Rico Investment, S.E. sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. D. P.R. Case No. 16-01734) on March 3,
2016.  The petition was signed by John Hernandez Vazquez, vice
president and treasurer.  

The case is assigned to Judge Mildred Caban Flores.

At the time of the filing, the Debtor disclosed $2.58 million in
assets and $2.92 million in liabilities.


REFUGE FAMILY CARE: U.S. Trustee Unable to Appoint Committee
------------------------------------------------------------
The Office of the U.S. Trustee disclosed in a court filing that no
official committee of unsecured creditors has been appointed in the
Chapter 11 case of Refuge Family Care PCH, Inc.

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.


RESIDENTIAL CAPITAL: Court Narrows Claims in "Harrington"
---------------------------------------------------------
In the case captioned HEATHER HARRINGTON, Plaintiff, v. FEDERAL
NATIONAL MORTGAGE ASSOCIATION, GREEN TREE SERVICING, LLC, and
ORLANS MORAN PLLC, Defendants, Civil Action No. 14-12333-MBB (D.
Mass.), Judge Marianne B. Bowler of the United States District
Court for the District of Massachusetts denied defendants Federal
National Mortgage Association and Ditech Financial LLC, formerly
known as Green Tree Servicing's motion for summary judgment as to
counts I and II brought against Fannie Mae and allowed as to counts
I and II brought against Green Tree.

A full-text copy of Judge Bowler's June 27, 2016 memorandum and
order is available at https://is.gd/6ILFPg from Leagle.com.

Heather Harrington is represented by:

          James Heggie, Esq.
          LAW OFFICES OF JAMES J. HEGGIE
          2001 Marina Drive, Suite 516
          Quincy, MA 02171
          Tel: (617)842-2175

Green Tree Servicing, LLC, Federal National Mortgage Association
are represented by:

          Richard E. Briansky, Esq.
          Amy B. Hackett, Esq.
          MCCARTER & ENGLISH, LLP
          265 Franklin St.
          Boston, MA 02110
          Tel: (617)449-6500
          Fax: (617)607-9200
          Email: rbriansky@mccarter.com
                 ahackett@mccarter.com

Orlans Moran PLLC is represented by:

          Effie L. Gikas, Esq.
          ORLANS MORAN, PLLC
          P.O. Box 540540
          Waltham, MA 02452
          Tel: (781)790-7800
          Fax: (781)790-7801

                    About Residential Capital

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

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

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

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

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

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

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


RIVERS PITTSBURGH BORROWER: Moody's Raises CFR to B2
----------------------------------------------------
Moody's Investors Service upgraded the Corporate Family Rating and
Probability of Default Rating of Rivers Pittsburgh Borrower, LP to
B2, and B2-PD, respectively. Moody's also assigned a B2 rating to
the company's proposed 5 year $415 million senior secured first
lien bonds.  The proceeds of the bonds plus drawings under a
proposed $75 million 5 year senior secured first lien super
priority revolver (unrated) of approximately $50 million will be
used to refinance Rivers existing term loan, second lien notes, and
unsecured PIK debt at the parent. Moody's affirmed the ratings on
the company's existing credit facility and bonds; these ratings
will be withdrawn when the transaction closes. The ratings are
subject to receipt of final terms and conditions. The company's
proposed senior secured notes are being issued under 144A without
registration rights.

"The upgrade reflects the elimination of debt maturities in 2018
and 2019 and an improvement in leverage and coverage as a result of
the refinancing," said Moody's analyst Peggy Holloway.  Moody's
expects River's Moody's adjusted debt/EBITDA will decline to under
5.5x over the next 12 months and EBIT coverage of cash interest to
remain around 2.0x.  Moody's adjusted debt/EBITDA was 6.7x as of
the LTM period ended 3/31/2016 and 5.7x pro-forma for the proposed
transaction.

Ratings upgraded

  Corporate Family Rating to B2 from B3
  Probability of Default Rating to B2-PD from B3-PD

Ratings Assigned

  Proposed $415 million Senior secured first lien bonds at B2
   (LGD 4)
  Ratings Affirmed and to be withdrawn when the transaction closes
  Senior secured revolving credit and term loan at Ba3 (LGD 2)
  Senior secured second lien notes at B3 (LGD 4)

Rating outlook remains stable.

RATINGS RATIONALE

Rivers' B2 Corporate Family Rating reflects the company's single
asset profile and small size as measured by net revenues of about
$374 million for the LTM period ended March 31, 2016.  Rivers'
Moody's adjusted leverage remains high at 5.7x pro-forma for the
July 2016 refinancing.  The ratings also consider the company's
good EBIT coverage of cash interest of 2.0x, favorable economic
trends in Pittsburgh, PA, the company's primary market area, a
stable supply environment, and good free cash flow of about $35 -
$40 million annually.  The stable rating outlook reflects the
stable supply and demand environment in Pittsburgh and our
expectation that Rivers will continue to apply its free cash flow
to repay debt.  Upward rating action is limited given the company's
single asset profile and geographic concentration.  A higher rating
is possible over the longer-term and would require that the company
demonstrate the ability and willingness to maintain Moody's
adjusted debt/EBITDA below 4.0 times in the context of a stable
outlook for gaming demand in the company's primary market.  Ratings
could be downgraded if operating trends in Pennsylvania show signs
of sustained deterioration, if Moody's adjusted debt/EBITDA
increases to 6.0 times, or if liquidity weakens materially.

Rivers Pittsburgh Borrower, L.P., formerly known as Holdings Gaming
Borrower, LP, owns and operates the Rivers Casino in Pittsburgh,
Pennsylvania.  The casino features approximately 2,900 slot
machines, 125 table games, 30 of which are poker tables. Rivers is
indirectly owned by a group of investors consisting of Walton
Street Capital, LLC, and certain other minority investors. Rivers
owns a 100% interest in Holding Acquisition Co, LP, which was
awarded a slot operator license on Aug. 14, 2008, by the
Pennsylvania Gaming Control Board.  The partnership generated
approximately $374 million of net revenues for the last twelve
month period ending March 31, 2016.

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


RIVERS PITTSBURGH BORROWER: S&P Affirms 'B' CCR, Outlook Stable
---------------------------------------------------------------
S&P Global Ratings said it affirmed its 'B' corporate credit rating
on Pittsburgh-based Rivers Pittsburgh Borrower.  The rating outlook
is stable.

At the same time, S&P assigned Rivers' proposed new $75 million
priority revolving credit facility due 2021 an issue-level rating
of 'BB-' and a recovery rating of '1', indicating S&P's expectation
for very high (90% to 100%) recovery for lenders in the event of a
payment default.  In addition, S&P assigned the company's proposed
$415 million senior secured notes due 2021 an issue level rating of
'B' and a recovery rating of '3', indicating S&P's expectation for
meaningful (50% to 70%; lower half of the range) recovery for
noteholders in the event of a payment default.

Rivers plans to use proceeds from the proposed notes issuance and
$50 million in borrowings under its proposed $75 million revolving
credit facility, along with excess cash on hand, to refinance its
existing credit facility and redeem its existing secured notes, to
fund the repurchase of PIK notes held at Rivers' parent at a
discount to par, and to pay transaction fees, expenses and debt
breakage costs.  S&P plans to withdraw its issue-level and recovery
ratings on the company's existing debt when it is repaid.

"The rating affirmation reflects our expectation that,
notwithstanding the permanent debt reduction resulting from the
repurchase of the unsecured PIK notes held at Rivers' parent (which
we included in our credit measures) at a discount, we anticipate
the operating environment to remain highly competitive and expect
debt to EBITDA to remain above 5x along with funds from operations
(FFO) to debt to remain below 12% through 2017," said S&P Global
Ratings credit analyst Stephen Pagano.

These measures are outside S&P's thresholds for considering higher
ratings on Rivers.  However, S&P do view the refinancing
transaction favorably as it reduces leverage, eliminates a modestly
accreting piece of debt, improves interest coverage (S&P includes
PIK interest on the notes in its credit measures), and improves
Rivers' maturity profile.

The stable rating outlook reflects S&P's expectation that regional
economic conditions will remain fairly stable and EBITDA will grow
modestly, leading to debt to EBITDA improving to around 6x and
EBITDA coverage of interest improving to the mid-2x area by 2017.


ROWE CONTRACTING: Taps Shelby Roden as Special Counsel
------------------------------------------------------
Rowe Contracting Service, Inc. seeks approval from the U.S.
Bankruptcy Court for the Eastern District of Louisiana to hire
Shelby Roden, LLC as its special counsel.

The Debtor tapped the firm to prosecute its claims tied to the
Deepwater Horizon oil spill in the Gulf of Mexico. These include
claims submitted to the Deepwater Horizon Court Supervised
Settlement Program.

As payment for its services, Shelby Roden will get 20% of all sums
received or recovered.  

Chesley Don Freeman, Esq., at Shelby Roden, disclosed in a court
filing that the firm does not hold or represent any interest
adverse to the Debtor or its bankruptcy estate.

The firm can be reached through:

     Chesley Don Freeman, Esq.
     Shelby Roden, LLC
     2956 Rhodes Circle
     Birmingham, AL 35205
     Phone: 205-933-8383
     Fax: 205-933-8386

                     About Rowe Contracting

Rowe Contracting Service, Inc. sought protection under Chapter 11
of the Bankruptcy Code (Bankr. E.D. La. Case No. 16-11331) on June
8, 2016.  The petition was signed by Scott E. Rowe, president.
The
case is assigned to Judge Elizabeth W. Magner.  The Debtor
disclosed total assets of $1.51 million and total debts of $1.57
million.


S DIAMOND STEEL: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: S Diamond Steel, Inc.
        PO Box 18182
        Phoenix, AZ 85005-8182

Case No.: 16-07846

Chapter 11 Petition Date: July 11, 2016

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

Judge: Hon. Brenda K. Martin

Debtor's Counsel: Allan Newdelman, Esq.
                  ALLAN D NEWDELMAN PC
                  80 E. Columbus Ave.
                  Phoenix, AZ 85012
                  Tel: 602-264-4550
                  Fax: 602-277-0144
                  E-mail: anewdelman@adnlaw.net

Total Assets: $1.59 million

Total Liabilities: $5.58 million

The petition was signed by Matthew Miles Stevens, president.

A copy of the Debtor's list of its 20 largest unsecured creditors
is available for free at http://bankrupt.com/misc/azb16-07846.pdf


SABINE OIL: Denial of Bid for Derivative Standing Affirmed
----------------------------------------------------------

The Official Committee of Unsecured Creditors appointed in the
Chapter 11 cases of Sabine Oil & Gas Corporation, et al., the Bank
of New York Melon as the Trustee under the 2017 Notes Indenture,
and Wilmington Savings Fund Society, FSB, and Delaware Trust
Company as the Indenture Trustees for the Forest Notes, appealed an
order entered by the United States Bankruptcy Court for the
Southern District of New York, Dkt. No. 15-11835, following an
evidentiary hearing, denying the Committee, BONY, and Wilmington
derivative standing to bring actions against various parties, on
behalf of Sabine Oil and Gas Corporation and related entities.  The
Bankruptcy Court concluded that two of the proposed sets of claims
were not colorable claims for relief and that although a third set
of proposed claims presented colorable claims, the Debtors had
justifiably refused to pursue those claims.

Judge John G. Koeltl of the United States District Court for the
Southern District of New York affirmed the bankruptcy court's
order, finding that the parties' arguments are either moot or
without merit.

The bankruptcy case is OFFICIAL COMMITTEE OF UNSECURED CREDITORS,
ET AL., Appellants, v. SABINE OIL & GAS CORPORATION, ET AL.,
Appellees, No. 16-cv-2561 (JGK) (S.D.N.Y.), relating to IN RE
SABINE OIL & GAS CORPORATION, ET AL., Debtors.

A full-text copy of Judge Koeltl's June 24, 2016 opinion and order
is available at https://is.gd/Jbby9l from Leagle.com.

Sabine Oil & Gas Corporation is represented by:

          Adrianne Katrine Jakola, Esq.
          Gabor Balassa, Esq.
          KIRKLAND & ELLIS LLP
          300 North LaSalle
          Chicago, IL 60654
          Tel: (312)862-2000
          Fax: (312)862-2200
          Email: katie.jakola@kirkland.com
                 gabor.balassa@kirkland.com

Official Committee of Unsecured Creditors is represented by:

          D. Ross Martin, Esq.
          Keith Howard Wofford, Esq.
          Mark Rodney Somerstein, Esq.
          Christopher Thomas Brown, Esq.
          ROPES & GRAY LLP
          1211 Avenue of the Americas
          New York, NY 10036-8704
          Tel: (212)596-9000
          Fax: (212)596-9090
          Email: ross.martin@ropesgray.com
                 keith.wofford@ropesgray.com
                 mark.somerstein@ropesgray.com
                 thomas.brown@ropesgray.com

            -- and --

          Douglas H. Hallward-Driemeier, Esq.
          ROPES & GRAY LLP
          2099 Pennsylvania Avenue, NW
          Washington, DC 20006-6807
          Tel: (202)508-4600
          Fax: (202)508-4650
          Email: douglas.hallward-driemeier@ropesgray.com

            -- and --

          Justin Florence, Esq.
          ROPES & GRAY LLP
          Prudential Tower
          8000 Boylston Street
          Boston, MA 02199-3600
          Tel: (617)951-7000
          Fax: (617)951-7050
          Email: justin.florence@ropesgray.com

Sabine Oil & Gas Corporation is represented by:

          Christopher Marcus, Esq.
          James H.M. Sprayregen, Esq.
          Jonathan S. Henes, Esq.
          Paul Basta, Esq.
          KIRKLAND & ELLIS LLP
          601 Lexington Avenue
          New York, NY 10022
          Tel: (212)446-4800
          Fax: (212)446-4900
          Email: christopher.marcus@kirkland.com
                 james.sprayregen@kirkland.com
                 jonathan.henes@kirkland.com
                 paul.basta@kirkland.com

Wells Fargo Bank, N.A. is represented by:

          Margot B. Schonholtz, Esq.
          Robert H. Trust, Esq.
          LINKLATERS LLP
          1345 Avenue of the Americas
          New York, NY 10105
          Tel: (212)903-9000
          Fax: (212)903-9100
          Email: margot.schonoltz@linklaters.com
                 robert.trust@linklaters.com

Barclays Bank PLC is represented by:

          Fredric Sosnick, Esq.
          Joseph John Frank, Esq.
          SHEARMAN & STERLING LLP
          599 Lexington Avenue
          New York, NY 10022-6069
          Tel: (212)848-4000
          Email: fsosnick@shearman.com
                 joseph.frank@shearman.com

Wilmington Trust, N.A. is represented by:

          Alan W. Kornberg, Esq.
          Brian S. Hermann, Esq.
          Kellie Ann Cairns, Esq.
          Kyle James Kimpler, Esq.
          Moses Silverman, Esq.
          PAUL, WEISS, RIFKIND, WHARTON & GARRISON LLP
          1285 Avenue of the Americas
          New York, NY 10019-6064
          Tel: (212)373-3000
          Fax: (212)757-3990
          Email: akornberg@paulweiss.com
                 bhermann@paulweiss.com
                 kcairns@paulweiss.com
                 kkimpler@paulweiss.com
                 msilverman@paulweiss.com

Richard J. Carty, Loren Carroll, Dod Fraser, James Lee, James
Lightner, Patrick R. McDonald, Raymond Wilcox, Victor Wind, are
represented by:

          Daniel Alexander Fliman, Esq.
          Kenneth R. David, Esq.
          KASOWITZ, BENSON, TORRES & FRIEDMAN, LLP
          1633 Broadway
          New York, NY 10019
          Tel: (212)506-1700
          Fax: (212)506-1800
          Email: dfliman@kasowitz.com
                 kdavid@kasowitz.com

Sabine Investor Holdings LLC, First Reserve Fund XI, L.P.,
First Reserve GP XI, L.P., First Reserve GP XI, Inc., FRC Founders
Corporation, Michael France, Alex Krueger, Brooks Shughart, Joshua
Weiner are represented by:

          Andrew J. Rossman, Esq.
          QUINN EMANUEL URQUHART & SULLIVAN LLP
          51 Madison Avenue, 22nd Floor
          New York, NY 10010
          Tel: (212)849-7000
          Fax: (212)849-7100
          Email: andrewrossman@quinnemanuel.com

John Yearwood, David Sambrooks, Duane Radtke, are represented by:

          Kevin Arthur Meehan, Esq.
          Michael Joseph Moscato, Esq.
          Steven J. Reisman, Esq.
          Theresa Ann Foudy, Esq.
          CURTIS, MALLET-PREVOST, COLT AND MOSLE LLP
          101 Park Avenue
          New York, NY 10178-0061
          Tel: (212)696-6000
          Fax: (212)697-1559
          Email: kmeehan@curtis.com
                 mmoscato@curtis.com
                 sreisman@curtis.com
                 tfoudy@curtis.com

Barclays Capital Inc. is represented by:

          Joseph John Frank, Esq.
          SHEARMAN & STERLING LLP
          599 Lexington Avenue
          New York, NY 10022-6069
          Tel: (212)848-4000
          Email: joseph.frank@shearman.com

               About Sabine Oil & Gas Corporation

Sabine Oil & Gas Corp. is an independent energy company engaged in
the acquisition, production, exploration, and development of
onshore oil and natural gas properties in the U.S.  The Company's
current operations are principally located in the Cotton Valley
Sand and Haynesville Shale in East Texas, the Eagle Ford Shale in
South Texas, the Granite Wash in the Texas Panhandle, and the North
Louisiana Haynesville.  The Company operates, or has joint working
interests in, approximately 2,100 oil and gas production sites
(approximately 1,800 operating and approximately 315 non-operating)
and has approximately 165 full-time employees.

Sabine Oil and its affiliated entities sought Chapter 11 protection
(Bankr. S.D.N.Y. Lead Case No. 15-11835) in Manhattan on July 15,
2015.

The Debtors have engaged Kirkland & Ellis LLP and Kirkland & Ellis
International LLP, as counsel; Lazard Freres & Co. LLC, as
investment banker and Prime Clerk LLC as notice, claims and
balloting agent.  The Debtors also tapped Zolfo Cooper Management,
LLC, to provide Jonathan A. Mitchell as CRO and other additional
personnel.

The U.S. Trustee for Region 2 appointed five creditors to serve on
the official committee of unsecured creditors.  The Committee is
represented by Mark R. Somerstein, Esq., Keith H. Wofford, Esq.,
and D. Ross Martin, Esq., at Ropes & Gray LLP as their counsel.
The Committee has also engaged Blackstone Advisory Partners L.P. as
investment banker; and Berkeley Research Group, LLC as financial
advisor.


SIGA TECHNOLOGIES: Pharmathene Receives $20M Payment
----------------------------------------------------
PharmAthene, Inc., a biodefense company developing medical
countermeasures against anthrax, on July 8, 2016, disclosed that it
has received a $20 million payment from SIGA Technologies, Inc., to
extend by 90 days, until Oct. 19, 2016, the date by which SIGA must
satisfy the PharmAthene judgment.  The payment, made pursuant to
the SIGA Bankruptcy Reorganization Plan approved by U.S. Bankruptcy
Court for the Southern District of New York effective April 12,
2016, is creditable against final satisfaction of the judgment in
favor of PharmAthene of approximately $205 million plus interest
and is not refundable.

                       About PharmAthene

PharmAthene is a biodefense company engaged in the development of
next generation medical countermeasures against biological threats.
The Company's development portfolio includes next generation
Anthrax vaccines that are intended to improve protection while
having favorable dosage and storage requirements compared to other
Anthrax vaccines.

                      About SIGA Technologies

Publicly held SIGA Technologies, Inc., with headquarters in
Madison
Avenue, New York, is a biotech/pharmaceutical company that
specializes in the development and commercialization of solutions
for serious unmet medical needs and biothreats.  SIGA's lead
product is Tecovirimat, also known as ST-246, an orally
administered antiviral drug that targets orthopoxviruses.

SIGA sought Chapter 11 bankruptcy protection (Bankr. S.D.N.Y. Case
No. 14-12623) on Sept. 16, 2014, in Manhattan.  The case is
assigned to Judge Sean H. Lane.

The Debtor has tapped Weil, Gotshal & Manges LLP, as counsel, and
Prime Clerk LLC as claims agent.

The Debtor's Chapter 11 plan and disclosure statement are due May
14, 2015.

The Debtor disclosed total assets of $131,669,746 and $7,954,645
in liabilities as of the Chapter 11 filing.

The Statutory Creditors' Committee is represented by Martin J.
Bienenstock, Esq., Scott K. Rutsky, Esq., and Ehud Barak, Esq., at
Proskauer Rose LLP.  The Committee tapped to retain Guggenheim
Securities, LLC, as its financial advisor and investment banker.



SKAGIT GARDENS: Taps Kidder Mathews as Valuation Consultant
-----------------------------------------------------------
Skagit Gardens, Inc. seeks approval from the U.S. Bankruptcy Court
for the Western District of Washington to hire Kidder Mathews as
valuation consultant.

The Debtor tapped the firm to facilitate the sale of its assets,
including its two greenhouse facilities located in Mount Vernon,
Washington.

The firm's consulting services will include research and analysis
of the nursery industry as it relates to the properties.  The firm
may also review the existing appraisals of the properties.

Peter Shorett and Dan Sjerven, the firm's professionals who will
provide the services, will be paid $325 per hour and $75 per hour,
respectively.

Kidder Mathews is "disinterested" as defined in section 101(14) of
the Bankruptcy Code and does not hold or represent any interest
adverse to the Debtor's estate.

                       About Skagit Gardens

Skagit Gardens Inc. and three affiliates filed Chapter 11 petitions
(Bankr. W.D. Wash. Lead Case No. 16-12879) on May 27, 2016.  The
company is a wholesale nursery that grows two categories of plants,
finished plants and plugs/liners, each grown for different types of
customers.  The petitions were signed by Mark Buchholz as
president.

The Debtors listed total assets of $12.5 million and total
liabilities of $19.3 million.

The Debtors are represented by Bush Kornfeld LLP, in Seattle,
Washington, as counsel.

The cases are assigned to Judge Christopher M. Alston.


SPARTAN SPECIALTY: Taps Robinson Brog as Litigation Counsel
-----------------------------------------------------------
Spartan Specialty Finance I SPV, LLC seeks approval from the U.S.
Bankruptcy Court for the Southern District of New York to hire
Robinson Brog Leinwand Greene Genovese & Gluck P.C.

Robinson Brog will serve as the Debtor's finance and litigation
counsel in connection with its Chapter 11 case.  The firm will
provide legal services for the specific purpose of: (i) obtaining
cash collateral and debtor-in-possession financing; (ii) addressing
the  claim of secured lender Hamilton Funding 1 L.P. regarding its
allegation of default under its loan; and (iii) negotiating with
creditors to prepare a plan of reorganization.

The firm's professionals and their hourly rates are:

     Shareholders     $450 - $665
     Associates       $365 - $465
     Paralegals       $175 - $300

A. Mitchell Greene, Esq., at Robinson Brog, 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:

     A. Mitchell Greene, Esq.
     Robinson Brog Leinwand Greene
     Genovese & Gluck P.C.
     875 Third Avenue
     New York, New York 10022

The Debtor can be reached through its lead counsel:

     Gabriel Del Virginia, Esq.
     Law Offices of Gabriel Del Virginia
     30 Wall Street-12th Floor,
     New York, New York 10005.
     Telephone: 212-371-5478
     Facsimile: 212-371-0460
     Email: gabriel.delvirginia@verizon.net

                     About Spartan Specialty

Spartan Specialty Finance I SPV, LLC sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y. Case No.
16-22881) on June 29, 2016.  The petition was signed by Barry
Kostiner, member.  

The case is assigned to Judge Robert D. Drain.

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


ST. JUDE NURSING: Had Until June 29 to Amend Disclosure Statement
-----------------------------------------------------------------
In the case captioned In re: ST. JUDE NURSING CENTER, INC., Chapter
11, Debtor, Case No. 16-42116 (Bankr. E.D. Mich.), Judge Thomas J.
Tucker of the United States Bankruptcy Court for the Eastern
District of Michigan, Southern Division, ordered the debtor to file
an amended combined plan and disclosure statement no later than
June 29, 2016.

A full-text copy of Judge Tucker's June 24, 2016 order is available
at https://is.gd/2V9yBj from Leagle.com.

Slavik Enterprises LLC is represented by:

          Steven Haffner, Esq.
          30300 Northwestern, Hwy
          Farmington Hills, MI 48334
          Tel: (248)932-3500

Daniel M. McDermott, U.S. Trustee, is represented by:

          Leslie K. Berg, Esq.
          Claretta Evans, Esq.
          OFFICE OF THE UNITED STATES TRUSTEE
          211 West Fort Street, Suite 700
          Detroit, MI 48226
          Tel: (313)226-7999
          Fax: (313)226-7952

Official Committee of the Unsecured Creditors, Creditor Committee,
is represented by:

          Michael P. DiLaura, Esq.
          Mount Clemens, MI 48043
          Tel: (586)468-5600
          Fax: (586)465-9113

                   About St. Jude Nursing Center

St. Jude Nursing Center, Inc. filed a Chapter 11 petition (Bankr.
E.D. Mich. Case No. 16-42116) on April 20, 2016.  The Hon. John J.
Thomas presides over the cases.   Livonia, Mich.-based St. Jude
Nursing Center, Inc. is a privately owned and licensed long-term
skilled nursing facility.


STIFEL FINANCIAL: S&P Assigns 'BB-' Rating on New Preferred Shares
------------------------------------------------------------------
S&P Global Ratings said it assigned its 'BB-' issue rating on
Stifel Financial Corp.'s new issue of perpetual preferred shares.
The size of the issuance will be determined by market conditions,
but S&P assumes it will be approximately $75 million.  The issuance
will be eligible for inclusion in regulatory Tier 1 capital.  At
the same time, the company is reopening its $300 million 10-year
senior unsecured issuance from 2014.  S&P expects the company to
use the proceeds from the notes (approximately $200 million) to pay
down existing debt.

The company will use the proceeds from the preferred issuance to
buy back its common stock (the company's share price has declined
over 30% in the past six months).  S&P counts the entire amount
toward the company's total adjusted capital (up to 33% of adjusted
common equity) in its S&P Global Ratings risk-adjusted capital
(RAC) metric.  As a result, S&P estimates that the company's RAC
ratio is about 11%.  S&P believes that the company's quality of
capital will deteriorate slightly, with adjusted common equity to
total adjusted capital below 90%.

S&P rates the issue three notches below the issuer credit rating on
Stifel.  One notch is because of structural subordination and two
notches because it is a regulatory Tier 1 instrument.  S&P believes
regulatory rules heighten the potential for coupon nonpayment on a
going-concern basis when the regulatory core equity capital buffer
applies.

S&P's ratings on Stifel primarily reflect the company's strong
regulatory oversight because of its bank holding company structure
and its strong funding and liquidity.  Stifel has publicly stated
its desire to increase leverage to the point that its Tier 1
risked-based capital ratio would decline to 17%, from about 25%, on
a pro forma basis for the acquisitions.  If leverage were to
increase so that the company's RAC ratio was less than 10%, S&P
could reassess its view of the company's capital, leverage, and
earnings, perhaps leading to a downgrade.

In S&P's view, Stifel's rapid growth, both through acquisitions and
organically, offsets its credit strengths.  Recently, the company
has acquired Sterne Agee Group Inc., Barclays' U.S. Wealth
Management, and Eaton Partners.  While the acquisitions have been
across different businesses, S&P still believes they come with an
element of integration risk.

RATINGS LIST

Stifel Financial Corp.
Issuer Credit Rating              BBB-/Stable/--

New Rating

Stifel Financial Corp.
Perpetual preferred shares        BB-


STONEWALL GAS: Moody's Raises CFR to B2, Outlook Positive
---------------------------------------------------------
Moody's Investors Service upgraded Stonewall Gas Gathering LLC's
Corporate Family Rating to B2 from B3, Probability of Default
Rating to B2-PD from B3-PD and the senior secured term loan rating
to B2 from B3.  The Speculative Grade Liquidity (SGL) rating was
withdrawn.  The outlook was changed to positive from stable.

Stonewall, a subsidiary of M3 Midstream LLC (M3), is a project
company that completed construction and placed in service in
November 2015, a 67 mile pipeline system to gather natural gas from
central delivery points in the Marcellus Shale play in West
Virginia.  The proceeds of the term loan were used to fund a
portion of the $420 million construction cost.  While the term loan
is non-recourse to the equity holders, Stonewall benefits from long
term, minimum volume commitments (MVC) from Antero Resources
Corporation (Antero, Ba2 negative) and Mountaineer Keystone (MK,
unrated) for roughly 83% of the start-up capacity of 1.4 Bcf per
day.

"Stonewall's ratings upgrade reflects the mitigation of the project
risks associated with the construction and the significant debt
reduction through the proceeds from the exercise of options held by
third parties.  Stonewall's ratings are constrained by its small
scale, single-asset nature and the concentration in 'supply-push'
customers with commodity price risk," said Sreedhar Kona, Moody's
senior analyst "However, Stonewall's modest leverage and its
ability to generate steady cash flow through the MVC contracts
support its rating while the positive outlook reflects Stonewall's
ability to further reduce its debt through 2016."

Upgrades:

Issuer: Stonewall Gas Gathering LLC

  Corporate Family Rating: Upgraded to B2 from B3
  Probability of Default Rating: Upgraded to B2-PD from B3-PD
  Senior Secured Bank Loan: Upgraded to B2 (LGD3) from B3 (LGD4)
Withdrawals:

Issuer: Stonewall Gas Gathering LLC
  Speculative Grade Liquidity Rating: Withdrawn

Outlook Actions:

Issuer: Stonewall Gas Gathering LLC
  Outlook: Changed to Positive from Stable

RATINGS RATIONALE

Stonewall's B2 Corporate Family Rating (CFR) is mainly supported by
its low leverage and the MVC contracts from its anchor shipper
Antero and other customers including MK. In the first half of 2016,
Antero and WGL Holdings Inc. (WGL, A3 stable), exercised their
options to acquire non-operating equity interests of 15% and 30%,
respectively in Stonewall for a total sum of approximately $120
million. .  These proceeds were substantially used to pay down
Stonewall's term loan debt.  At the end of the second quarter of
2016 Stonewall's debt balance is expected to be approximately $260
million and leverage is expected to be less than 3.5x. Stonewall is
expected to further reduce the leverage to approximately 2.5x by
the end of the third quarter of 2016 by using balance sheet cash,
cash in the reserve account and operating cash flow.  Stonewall's
ratings are also supported by its status as a southern outlet to
interstate pipelines and markets for natural gas produced in the
southwest portion of the Marcellus Shale play, which has take-away
capacity constraints. Stonewall's ratings are constrained by the
single-asset nature of the pipeline, small scale, and concentration
in Antero and MK, which are both supply-push customers that are
exposed to commodity price risk.  Stonewall's credit agreement
relieves the company from the cash flow sweep obligation if the
leverage is below 2.5x thereby allowing Stonewall to distribute
100% of the excess cash flow to its equity holders.  The impact of
Stonewall's distribution policy on the liquidity of Stonewall will
be a factor in resolving Stonewall's positive outlook.

Moody's anticipates that Stonewall will have adequate liquidity
through mid-to-late 2017.  As of March 31, 2016, the company had a
cash balance of approximately $95 million (including the cash in
reserve accounts).  The company does not have a revolving credit
facility to provide additional liquidity.  Moody's expects the cash
balances and the operating cash flow through 2017 to be sufficient
to meet its capital expenditure needs of approximately $52 million,
interest payments of approximately $32 million and the mandatory
principal amortization payments of approximately $6 million through
the end of 2017.  The company is also anticipated to further pay
down the term loan debt through voluntary prepayments before the
end of 2016.  Stonewall's credit agreement provides for 50% of
excess cash to be distributed to the owners if the leverage is
between 2.5x and 3.0x and 100% of excess to be distributed if the
leverage is less than 2.5x.  The credit agreement contains one
financial covenant consisting of a maximum debt/EBITDA ratio set
7.0x at the end of second quarter of 2016 and decreasing to 5.75x
at the end of fourth quarter 2017.  Moody's expects the company
will remain in compliance with this covenant looking out to the end
of 2017.  The term loan matures in 2020 and all assets are pledged
to the term loan lenders.

The term loan is rated at the same level as the CFR as there is
only one class of debt, therefore no notching is necessary in
accordance with Moody's Loss Given Default Methodology.

The positive outlook reflects the anticipated further reduction of
debt through a voluntary prepayment in the third quarter of 2016
and the expectation of Stonewall's leverage to be reduced towards
2.5x.

Stonewall's ratings could be upgraded if the anticipated debt
reduction takes places in the third quarter of 2016, the company
continues to demonstrate a strong operating performance and
maintains adequate liquidity and there is clarity on the company's
distribution policy post the reduction of leverage to below 2.5x.

An unexpected increase in financial leverage or a meaningful
decrease in interest coverage could lead to a ratings downgrade.
Debt/EBITDA sustained above 5.5x or significant deterioration in
customer credit quality could result in a downgrade.

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



SUNEDISON INC: D.E. Shaw Strikes Deal for Mt. Signal 2 Project
--------------------------------------------------------------
Peg Brickley, writing for The Wall Street Journal, reported that
hedge fund D.E. Shaw has offered to buy SunEdison’s stake in a
California solar power project for $80 million.

According to the report, DESRI MS2 Development, L.L.C., an
affiliate of D.E. Shaw Renewable Investments LLC, has made an offer
for SunEdison's stake in the so-called Mt. Signal 2 Project, a
photovoltaic-energy project in Imperial Valley, Calif.  If the Mt.
Signal 2 stake goes to D.E. Shaw in a private sale, SunEdison will
net some $70 million, court papers say, the report related.

However, there were multiple offers, including 22 prospective
purchasers interested in a larger portfolio of assets, and that
could spur the bankruptcy judge to order an auction, the report
said.  In the event of an auction, the D.E. Shaw affiliate will
lead the bidding, but its offer falls by $10 million, according to
court papers, the report further related.

SunEdison is urging a private sale, noting that Mt. Signal 2 was
part of a package of projects that bondholders were set to take
over in exchange for canceling some debt, the report relates.
Affiliates of D.E. Shaw, Madison Dearborn Capital Partners IV,
L.P., and Northwestern University expected to acquire the project
and others just months before the bankruptcy filing, as payment on
$215 million SunEdison owed them, but swap never took place, the
report noted.

                    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.


SUNEDISON, INC: Selling Equity Interests to 93LF 8ME for $24M
-------------------------------------------------------------
SunEdison, Inc., and its affiliates ask the U.S. Bankruptcy Court
for the Southern District of New York to authorize SUNE and First
Wind California Holdings, LLC, to sell or transfer their equity
interests ("Equity Interests") in Imperial Valley Solar 3, LLC
("IVS3"), Imperial Valley Solar 4, LLC ("IVS4"), and Sun Lake
Solar, LLC ("Sun Lake Solar" and, together with IVS3 and IVS4,
"Subsidiaries") to 93LF 8ME, LLC ("Buyer") for $24,000,000.

The gross purchase price for the Equity Interests is subject to (a)
deductions for Company Liabilities not paid and otherwise
extinguished in full prior to Closing, and (b) a holdback amount of
$250,000 ("Escrowed Funds"), to be held in escrow and distributed
pursuant to an escrow agreement and in accordance with the
indemnification provisions in Article XI of the PSA.  The Debtors
estimate that the net purchase price immediately available to the
Debtors' estates (excluding the Escrowed Funds) will be
$5,000,000.

8minutenergy SPV1, LLC, a Delaware limited liability company ("8ME
SPV1") and an affiliate of 8minutenergy Renewables ("8ME"), and
Imperial Valley Solar Power, LLC, a Delaware limited liability
company ("IVSP") and an affiliate of the Seller Parties, executed a
Joint Development Agreement ("JDA"), dated as of Sept. 3, 2010, to
co-develop, own and manage utility-scale solar photovoltaic
projects in the western United States, including the Project.  The
terms and continued viability of the JDA with respect to the
Project are currently subject to dispute among the 8ME JDA Parties,
IVSP and certain of the Seller Parties ("JDA Dispute").

Following the Petition Date, the Debtors have marketed the Equity
Interests, along with certain pending projects, to a wide variety
of bidders, both as a standalone asset and as a part of a broader
portfolio of assets.  The Debtors and their advisors have engaged
in discussions and provided diligence materials to 224 parties as
part of such marketing process.

Upon consultation with their advisors, including Rothschild, Inc.,
the Debtors have received and evaluated 22 bids for the Equity
Interests, including 4 parties who bid on the Equity Interests as a
standalone sale transaction, and 18 parties who have bid on the
Equity Interests as part of a larger portfolio bid for a number of
assets.

Ultimately, given 8ME's familiarity with the Project, the price
offered by the Buyer, the potential expiration of the rights and
permits, the imminent deadline to submit renewal materials for
interconnection rights, and the potential impact of the JDA Dispute
upon the value which the Debtors could achieve for the Equity
Interests from other bidders, the Debtors concluded, in an exercise
of their business judgment, that the proposed Sale Transaction with
the Buyer constitutes the highest or otherwise best value that the
Debtors could achieve for the Equity Interests.

The Debtors ask the Court to approve the settlement of the JDA
Dispute. Given the various operational complexities presented by
the divided ownership of the various Project assets, it is critical
that the sale of the Equity Interests be consummated in a timely
manner so the Buyer can submit the appropriate paperwork to
commence the renewal or extension process prior to the expiration
date.

Absent a renewal or extension of such key rights and permits,
particularly the interconnection rights that constitute the
principal assets of the Subsidiaries, the Equity Interests face a
substantial risk of irreparable harm and loss in value, to the
detriment of the Debtors and their stakeholders.

Counsel for the Debtors:

          Jay M. Goffman
          J. Eric Ivester
          Shana Elberg
          SKADDEN, ARPS, SLATE, MEAGHER & FLOM LLP
          Four Times Square
          New York, New York 10036-6522
          Telephone: (212) 735-3000
          Facsimile: (212) 735-2000

               - and -

          James J. Mazza, Jr.
          Louis S. Chiappetta
          155 N. Wacker Dr.
          Chicago, Illinois 60606-1720
          Telephone: (312) 407-0700
          Facsimile: (312) 407-0411

                       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.


TAMPA HYDE PARK: U.S. Trustee Unable to Appoint Committee
---------------------------------------------------------
The Office of the U.S. Trustee disclosed in a court filing that no
official committee of unsecured creditors has been appointed in the
Chapter 11 case of Tampa Hyde Park Cafe LLC.

Tampa Hyde Park Cafe LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. M. D. Fla. Case No. 16-04868) on June 6,
2016.  The petition was signed by Thomas Ortiz, managing member.  

The Debtor is represented by W. Bart Meacham, Esq.

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


TEEKAY CORP: Moody's Confirms B3 CFR, Outlook Stable
----------------------------------------------------
Moody's Investors Service confirmed the ratings of Teekay
Corporation: Corporate Family Rating at B3 and senior unsecured
debt rating at Caa1.  Concurrently, Moody's upgraded the
Speculative Grade Liquidity rating to SGL-3 (adequate), from SGL-4
(weak).  The ratings outlook is stable.  This action resolves the
review for downgrade initiated on April 15, 2016.

Moody's has taken these actions:

Issuer: Teekay Corporation:

  Corporate Family Rating, confirmed at B3;
  Senior Unsecured Bond/Debentures due 2020, confirmed at Caa1;
  Speculative Grade Liquidity rating, upgraded to SGL-3 from
   SGL-4.

The ratings outlook was changed to Stable from Rating Under
Review.

RATINGS RATIONALE

The B3 CFR considers the company's adequate liquidity, following
the execution of re/financing initiatives as of June 29, 2016,
which resolve Parent-level 2016 refinancing risks (approximately
$250 million) and improve its liquidity position over the near
term, via increased access to its equity margin revolver (max $150
million) due 2018 and a $100 million equity raise (40% of which is
furnished by the Teekay Trusts - Teekay's largest shareholder). The
rating also considers Teekay's leading position in its business
markets and the largely contracted revenue base in the family's
LNG, FPSO and shuttle tankers, which partially offsets its highly
leveraged profile on a consolidated basis.

Nonetheless, despite the recent re/financing initiatives, the
rating also reflects the Parent's diminished coverage of its
financial obligations, given the further decline in total cash
distributions it expects to receive from its master limited
partnership (MLP) subsidiaries: Teekay Offshore Partners, L.P.,
"TOO" (unrated), and Teekay LNG Partners, L.P., "TGP" (unrated).
Specifically, TOO's expected cash distributions to Teekay of about
$18 million per year are now suspended until at least 2018 and will
instead be paid in kind via TOO common equity.  Distributions to
the Parent are not contractually required but have provided support
to the rating.  As well, the prospects for the equity market values
recovering to restore asset coverage of Parent debt closer to
historical levels could be weak for some time.

Moody's also anticipates that continued weakness in the underlying
energy markets will likely lead to profit margin pressures and
continue to weigh on the MLPs' ability to upstream cash to the
Parent amidst reducing revolvers, project funding needs (including
those prompted by any project delays) and liquidity requirements.
This would limit the MLPs' ability to support material debt
reduction at the Parent and on a consolidated basis, and prolong
the prioritization of cash flows to repaying subsidiary debt over
Parent debt.  Despite Teekay's planned sale of its very large crude
carrier (VLCC) in late 2016 and full repayment of the debt it
secures ($50 million), Moody's estimates that Parent leverage (Debt
to EBITDA) will remain above 6x over the next year and consolidated
leverage at about 6x.  Additionally, Moody's believes the Parent
provides guarantees on subsidiary obligations of about $1 billion.

The stable outlook reflects Moody's expectation that although end
markets will remain weak over the intermediate term, thereby
pressuring customers to seek contract concessions at renegotiation
or cancellations and squeezing profit margins, Teekay will maintain
adequate liquidity over the next year (including over $200 million
in unrestricted cash) to cover its G&A expenses and debt
obligations.  The stable outlook also anticipates no further
reductions in the cash distributions or dividends that Teekay
expects to receive from its subsidiaries.

The SGL-3 Speculative Grade Liquidity rating reflects the Parent's
adequate liquidity, characterized by unrestricted cash of over $200
million, an increase from $140 million currently, pro-forma for the
$100 million raised in equity during the recent re/financing
initiatives, and expectation of higher pro-forma borrowing
availability (about $120 million) under its $150 million equity
margin revolving credit facility.  However, this facility is
secured by Teekay's equity in its subsidiaries and availability
would fluctuate with equity market values.  On a consolidated
basis, cash stood at $658 million and the company had availability
of about $200 million across 12 revolvers at March 31, 2016.  About
65 vessels are pledged across the various revolving credit
facilities.  The committed amounts typically reduce over the life
of each facility in step with projected declines in the values of
the vessel collateral.  Moody's believes that Teekay's complex
capital structure makes the rolling or refinancing of these
facilities difficult in an environment of challenging end-markets
and tight credit conditions.  The fulfillment of TOO's intermediate
capex funding needs and its $200 million equity issuance during the
recent re/financing initiatives, alleviate pressure for a call on
the Parent's guarantees of subsidiary debt.

Moody's anticipates that Teekay will maintain compliance with
covenants that include covenants for minimum cash or liquidity and
hull values, with full access to the revolvers.  Five of the
company's loan facilities are subject to hull covenants including a
mortgage on three of the RasGas II LNG carriers.  Alternate sources
of liquidity include about five unencumbered mostly older vessels
and Teekay's ownership stakes and/or general partner interests in
each of the subsidiaries.  These assets could secure alternate
sources of financing, if necessary, over the intermediate term.

Moody's foresees no upwards ratings momentum near term.  However,
successful execution of the asset disposal strategy such that
Teekay Parent substantially reduces its debt such that Debt to
EBITDA approaches 4.0 times, coupled with an increase in the MLP
distributions to a level that would enable Teekay Parent to
comfortably cover its debt obligations and G&A expenses, could
provide positive ratings momentum.

The ratings could be pressured if: (i) Moody's expects cash at
Teekay Parent to fall below $200 million, or if any upcoming debt
maturities at Parent or the subsidiaries are not refinanced on a
timely basis; or (ii) Parent does not fully transfer or repay the
secured debt associated with each of its vessels upon their
disposal; (iii) there were to be a further decline in the cash
distributions received by Parent or an increase in its funded debt;
or (iv) if declines in the market capitalizations of the MLP
subsidiaries were to be sustained, thereby pressuring the market
prices of the Parent's limited or general partnership units.
Repurchases of Parent's common shares could also result in a
ratings downgrade, if made before a majority of its debt is repaid
or assumed by the daughter companies with no contractual recourse
to Teekay.  Shareholder-friendly actions that compromise
debt-holder interests would also drive downward ratings momentum.

The principal methodology used in these ratings was Global Shipping
Industry published in February 2014.

Teekay Corporation is a Marshall Islands Corporation with
headquarters in Bermuda and executive offices in Vancouver, Canada.
It a leading project developer and provider of transportation
services in the marine midstream space.  Through its general
partnership interests in two master limited partnerships (MLPs),
Teekay LNG Partners L.P. (NYSE: TGP,
unrated ) and Teekay Offshore Partners L.P. (NYSE: TOO, unrated),
its controlling ownership of Teekay Tankers Ltd. (NYSE: TNK,
unrated) and its fleet of directly-owned vessels and offshore
units, Teekay is responsible for managing and operating
consolidated vessel assets with a book value of about $9.4 billion,
comprised of 215 liquefied gas, offshore, and conventional tanker
assets, including vessels on order or under conversion, and
ownership interests in a number of joint ventures.  The company
provides a comprehensive set of marine services to the world's
leading oil and gas companies.  Teekay and its subsidiaries have
common management.  The subsidiaries have conflict committees to
assure transactions between the group's various units are conducted
at arm's length. The company reported consolidated revenue of
approximately
$2.5 billion for the twelve months ended March 31, 2016.


TOTAL HOCKEY: Seeks to Hire Polsinelli as Legal Counsel
-------------------------------------------------------
Total Hockey, Inc. seeks approval from the U.S. Bankruptcy Court
for the Eastern District of Missouri to hire Polsinelli PC as its
legal counsel.

The firm will provide these services in connection with the Chapter
11 cases of Total Hockey and its affiliates:

     (a) advising the Debtors with respect to their powers and
         duties;

     (b) advising and consulting on the conduct of their cases;

     (c) attending meetings and negotiating with representatives
         of creditors and other parties;

     (d) taking all necessary actions to protect and preserve the
         Debtors' estates, including prosecuting actions on their  

         behalf;

     (e) preparing pleadings;

     (f) advising the Debtors in connection with the sale of
         assets;

     (g) appearing before the bankruptcy court and any other
         appellate courts;

     (h) advising the Debtors regarding tax matters; and

     (i) taking any necessary action on behalf of the Debtors to
         negotiate, prepare, and obtain approval of a disclosure
         statement and confirmation of a chapter 11 plan of
         liquidation.

Polsinelli's hourly rates range from $325 to $515 per hour for
Shareholders; from $240 to $335 per hour for associates and senior
counsel; and from $75 to $230 per hour for paraprofessionals.

James Bird, Esq., a shareholder of Polsinelli, 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 E. Bird, Esq.
     Polsinelli PC
     100 South Fourth Street, Suite 1000
     St. Louis, MO 63102
     Tel: 314-889-8000
     Fax: 314-622-6798
     Email: mlayfield@polsinelli.com

                       About Total Hockey

Total Hockey, Inc. and its affiliates sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. E. D. Mo. Lead Case No.
16-44815) on July 6, 2016.  The petition was signed by Lee A.
Diercks, chief restructuring officer.

The case is assigned to Judge Charles E. Rendlen III.

The Debtors tapped Spencer Fane LLP as conflicts counsel; Clear
Thinking Group LLC as financial advisor; and Rust Consulting/Omni
Bankruptcy as claims and noticing agent.

At the time of the filing, Total Hockey estimated its assets at $10
million to $50 million and debts at $50 million to $100 million.


TRIN POLYMERS: Voluntary Chapter 11 Case Summary
------------------------------------------------
Debtor: Trin Polymers LLC
        955 Brooks Ave.
        Holland, MI 49423

Case No.: 16-03615

Chapter 11 Petition Date: July 11, 2016

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

Judge: Hon. John T. Gregg

Debtor's Counsel: Robert F. Wardrop, II, Esq.
                  WARDROP & WARDROP, P.C.
                  300 Ottawa Avenue, N.W., Ste 150
                  Grand Rapids, MI 49503
                  Tel: (616) 459-1225
                  Email: bkfilings@wardroplaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Mike B. Mike III, managing member.

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


US XPRESS: Moody's Assigns B2 CFR & Rates $320MM Sr. Notes B3
-------------------------------------------------------------
Moody's Investors Service assigned a B2 Corporate Family Rating to
truckload carrier U.S. Xpress Enterprises, Inc. and a B3 rating to
the new $320 million senior secured notes due 2024 that U.S. Xpress
plans to issue.  The net proceeds of the notes will be used
substantially to repay existing indebtedness.  The ratings outlook
is stable.

RATINGS RATIONALE

The B2 CFR considers U.S. Xpress' established position in the
truckload carrier market, its modest but steadily increasing
operating margins and relatively moderate financial leverage.  With
annual revenues of around $1.5 billion, the company ranks among the
10 largest truckload carriers.  The majority of its revenues are
derived from shippers in the consumer retail and consumer products
sectors.  Nonetheless, U.S. Xpress remains exposed to the risk of a
cyclical downturn.  Having invested heavily in its fleet in the
last two years, the company operates one of the younger fleets in
the industry, which generates fuel savings, reduces maintenance
costs and helps to attract and retain drivers.

Operating margins are modest compared to other large truckload
carriers but are steadily improving.  Moody's expects margins to
increase further in 2016 with additional upside potential in 2017
if the available truckload capacity in the market tightens due to
the requirement to use Electronic Logging Devices to demonstrate
compliance with hours-of-service regulations.

Adjusted debt/EBITDA is expected to be 3.5 times in 2016,
materially lower than the median level for the B2 rating category,
while Moody's expects EBIT/interest to be 1.3 times, which would be
in line with other B2 rated companies.

Moody's considers U.S. Xpress' liquidity to be adequate, although
the company has a significant amount of short-term debt maturities,
due to its use of equipment notes to fund fleet investments.  As a
result, U.S. Xpress is reliant on continuing access to equipment
funding, typically from Original Equipment Manufacturers, to help
fund upcoming debt maturities.  As capital expenditures moderate in
2016 and 2017, Moody's anticipates that U.S. Xpress will generate
cash of $20 to $30 million per annum that it expects the company
will use to reduce the amount of outstanding equipment notes or
capital leases. U.S.  Xpress' liquidity is supported by a new $135
million asset-based revolving credit facility, of which up to $80
million will be available, taking into account $55 million of
letters of credit.

The stable outlook is predicated on Moody's expectation of a
gradual moderation in the decline in freight volumes and firmer
freight rates commencing late 2016, following a challenging freight
environment year-to-date.  The outlook also incorporates Moody's
expectation of an increase in operating margins in 2016.

The new $320 million senior secured notes due 2024 are rated B3,
one notch below the B2 CFR.  This reflects the higher ranking in
Moody's Loss Given Default analysis of the new $135 million
asset-based revolving credit facility and the $191 million secured
equipment notes, based on Moody's assessment of the collateral
securing these respective obligations.  The senior notes are
secured by, among others, first-lien claims on capital stock in
domestic subsidiaries, specified real property, inventory as well
as a second-lien claim on trade account receivables.

The ratings could be upgraded if U.S. Xpress is able to increase
its margins materially, while maintaining debt/EBITDA at 3.5 times
or less and increasing EBIT/Interest to at least 2 times.  A
material decrease in the amount of short-term debt maturities by
reducing the use of equipment funding or capital leases for fleet
investments is also an important consideration for a ratings
upgrade.

The ratings could be downgraded if Moody's expects that operating
margins fall below the level in 2015, debt/EBITDA increases to more
than 5 times or that EBIT/Interest is not sustained above 1 time.
Inability to generate free cash flow, including proceeds from the
sale of used equipment, could also pressure the ratings.

Reinstatements:

Issuer: U.S. Xpress Enterprises Inc.
  Corporate Family Rating, Reinstated to B2
  Probability of Default Rating, Reinstated to B2-PD

Assignments:

Issuer: U.S. Xpress Enterprises Inc.
  Senior Secured Regular Bond/Debenture, Assigned B3 (LGD4)

Outlook Actions:

Issuer: U.S. Xpress Enterprises Inc.
Outlook, Changed To Stable From Rating Withdrawn

The principal methodology used in these ratings was Global Surface
Transportation and Logistics Companies published in April 2013.

U.S. Xpress Enterprises, Inc., headquartered in Chattanooga, TN, is
a truck carrier with a fleet of approximately 6,900 tractors
providing transportation services in North America, including
truckload, cross-border, dedicated and brokerage services.  Total
revenues for the last 12 months ended March 2016 were approximately
$1.5 billion. U.S. Xpress Enterprises, Inc. is a private company,
majority-owned by its founders and their families.


US XPRESS: S&P Assigns 'B+' CCR & Rates New $320MM Sec. Notes 'B+'
------------------------------------------------------------------
S&P Global Ratings said that it has assigned its 'B+' corporate
credit rating to truckload carrier US Xpress Enterprises Inc.  The
outlook is stable.

At the same time, S&P assigned its 'B+' issue-level rating and '3'
recovery rating on the company's proposed $320 million senior
secured notes due 2024.  The '3' recovery rating indicates S&P's
expectation for meaningful (50%-70%; upper half of the range)
recovery in the event of a payment default.

"Our ratings on US Xpress reflect the company's participation in
the highly fragmented, cyclical, and capital-intensive truckload
(TL) market," said S&P Global credit analyst Michael Durand.  US
Xpress' significant business position as a major TL carrier with
good customer and end-market diversity partly offsets these
factors.  In recent years, the company has grown its business by
working with customers in more stable end markets (e.g., consumer
staples).

The stable outlook on US Xpress reflects S&P's view that the
company's credit measures will remain in line with its expectations
for the current rating, which include a FFO-to-total adjusted debt
ratio in the high-teens percent area and an adjusted debt-to-EBITDA
metric of around 4x.

Although unlikely over the next 12 months, S&P could lower its
ratings on US Xpress if weakness in the TL sector causes its
earnings to deteriorate, leading its debt-to-EBITDA metric to rise
above 5x and its FFO-to-debt ratio to fall below 12% for a
sustained period.

Although unlikely over the next 12 months, S&P could raise its
ratings on US Xpress if the company benefits from improving supply
and demand and pricing in the TL sector that strengthens its
operating performance and improves its earnings and credit metrics.
Specifically, S&P could raise its ratings if the company's
FFO-to-total debt ratio rises comfortably above 20%, its
debt-to-EBITDA metric remains comfortably below 4x, S&P do not
foresee any near-term industry volatility, and S&P believes that it
will sustain these metrics over the business cycle.



VENOCO INC: Has Until Sept. 16 to Exclusively File Plan
-------------------------------------------------------
The Hon. Kevin Gross of the U.S. Bankruptcy Court for the District
of Delaware has extended, at the behest of Venoco, Inc., et al.,
the periods during which the Debtors have the exclusive right: (i)
to file Chapter 11 plans through and including Sept. 16, 2016; and
(ii) to solicit acceptances of the plan through and including Nov.
15, 2016.

As reported by the Troubled Company Reporter on June 28, 2016, the
Confirmation Hearing was scheduled for July 13, 2016, and the
Debtors expected to proceed on a largely consensual basis.  Out of
an abundance of caution, however, the Debtors sought an extension
of the Exclusive Periods to file and solicit acceptances of a
Chapter 11 plan.  The Debtors believe that maintaining the
exclusive right to file and solicit votes on a plan is critical in
the event the current Plan is not confirmed.

                        About Venoco, Inc.

Headquartered in Denver, Colorado, Venoco, Inc., Denver Parent
Corporation, TexCal Energy (LP) LLC, Whittier Pipeline Corporation,
TexCal Energy (GP) LLC, Ellwood Pipeline, Inc., and TexCal Energy
South Texas, L.P. are independent energy companies primarily
focused on the acquisition, exploration, production and Development
of oil and gas properties in California.  As of the Petition Date,
the Debtors held interests in approximately 72,053 net acres in
California, of which 48,836 are developed.  As of the Petition
Date, the Debtors employed approximately 160 people.

The Debtors were founded by Timothy M. Marquez in Carpinteria,
California in 1992.  In January 2012, Denver Parent Company, an
affiliate of Mr. Marquez, who then owned 50% of the outstanding
shares of Venoco common stock, took the company private again by
acquiring all of the outstanding common stock for $12.50 per
share.

After going private in January 2012, the Debtors were left with
significant debt obligations, which in 2012 exceeded $845 million,
as disclosed in filings with the Court.  Between 2012 and 2014, the
Debtors completed a number of asset sales, generating over $470
million in net proceeds for capital expenditures and for paydowns
of the debt.

Venoco, Inc., et al., filed Chapter 11 bankruptcy petitions
(Bankr.
D. Del. Proposed Lead Case No. 16-10655) on March 18, 2016.  The
Debtors estimated assets in the range of $100 million to $500
million and debts of up to $1 billion.  Hon. Kevin Gross has been
assigned the cases.

The Debtors have hired Morris, Nichols, Arsht & Tunnell, LLP, and
Bracewell LLP as counsel; PJT Partners LP as financial advisor;
Deloitte LLP as restructuring advisor; Ernst & Young LLP as
independent auditor and tax advisor and BMC Group, Inc., as
notice,
claims and balloting agent.


VILLAS DEL MAR: Hearing Approving Plan Outline Set for Nov. 1
-------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Puerto Rico is set to
hold a hearing on November 1, at 10:00 a.m., to consider approval
of the disclosure statement detailing Villas Del Mar Hau, Inc.'s
Chapter 11 plan.

Objections to the disclosure statement must be filed not less than
14 days prior to the hearing.

Villas Del Mar Hau can be reached through:

     Victor Gratacos Diaz, Esq.
     Gratacos Law Firm, P.S.C.
     P.O. BOX 7571
     Caguas, PR 00726
     Tel: 787 746-4772
     Email: bankruptcy@gratacoslaw.com

                       About Villas Del Mar

Villas Del Mar Hau, Inc. filed for Chapter 11 bankruptcy protection
(Bankr. D.P.R. Case No.: 15-10146) on December 22, 2015. The
petition was Myrna Hau Rodriguez, president/owner. The Hon. Enrique
S. Lamoutte Inclan presided over the case.

The Debtor estimated total assets of $3.80 million and estimated
total debts of $4.46 million.


WHISTLER ENERGY: Proposes to Pay Bonuses 3 Key Employees
--------------------------------------------------------
Whistler Energy II, LLC, seeks authority from the U.S. Bankruptcy
Court to implement the key employee incentive program to
incentivize Curtis Carver, the Debtor's Chief Accounting Officer,
Robert Wichert, the Debtor's Executive Vice President and Chief
Operating Officer, and William Hunter, the Company's sole health,
safety, and environment resource.

The Debtor recognized that certain key employees have contributed
to the success of the Debtor, and will continue to make these
contributions in the future.  To incentivize these key employees,
the Debtor's Board of Directors approved a Key Employee Incentive
Plan and entered into three KEIP agreements with: (a) Curtis
Carver, the Debtor's Chief Accounting Officer, (b) Robert Wichert,
the Debtor's Executive Vice President and Chief Operating Officer,
and (c) William Hunter, the Company's sole health, safety, and
environment resource.

The proposed payments under the KEIP for Mr. Carver are:

   (a) Upon completion of all work necessary to enable the company
to file motions necessary to obtain an order for relief in the
Chapter 11 Case, including preparation of business plans to
continue operations, and financial plans relating to the
alternative resumption of drilling operations or to TA the Erato
well, and providing information required to support such
declarations and take such other actions in his capacity as Chief
Accounting Officer as counsel for the Company require to effect the
foregoing: $25,000.

   (b) Upon confirmation of a chapter 11 plan in the Chapter 11
Case: $25,000.

The proposed payments under the KEIP for Mr. Wichert are as
follows:

   (a) Upon completion of all work necessary to enable the company
to file motions necessary to obtain an order for relief in the
Chapter 11 Case, including preparation of business plan to continue
operations, and making such declarations and taking such other
actions in his capacity as Interim Chief Executive Officer of the
Company as counsel for the company require to effect the foregoing:
$137,500.

   (b) Upon BSEE lifting the current suspension of the Company's
drilling operations: $68,750.

   (c) Upon confirmation of a chapter 11 plan in the Chapter 11
Case: $68,750.

The proposed payments under the KEIP for Mr. Hunter are: (a) upon
the Bureau of Safety and Environmental Enforcement's lifting of the
current suspension of the Company's drilling operations: $15,000,
and (b) upon confirmation of a chapter 11 plan or Bankruptcy Court
approval and closing of a chapter 11 sale of substantially all the
Company's assets pursuant to Section 363 of the Bankruptcy Code:
$15,000.

Counsel for Whistler Energy II, LLC:

       Paul J. Goodwine, Esq.
       Taylor P. Gay, Esq.
       LOOPER GOODWINE P.C.
       650 Poydras Street, Suite 2400
       New Orleans, Louisiana 70130
       Telephone: (504) 503-1500
       Facsimile: (504) 503-1501
       Email: pgoodwine@loopergoodwine.com
              tgay@loopergoodwine.com

          -- and --

       John P. Melko, Esq.
       Michael K. Riordan, Esq.
       Sharon Beausoleil, Esq.
       GARDERE WYNNE SEWELL LLP
       1000 Louisiana Street, Suite 2000
       Houston, TX 77002
       Telephone: 713.276.5500
       Email: jmelko@gardere.com
              mriordan@gardere.com
              Sbeausoleil@gardere.com

              About Whistler Energy II

Romfor Supply Company, Adriatic Marine, L.L.C., Hydra Ops, LLC,
Scientific Drilling, and Patterson Services, Inc., filed an
involuntary Chapter 11 petition against alleged debtor, Houston,
Texas-based Whistler Energy II, LLC (Bankr. E.D. La. Case No.
16-10661) on March 24, 2016.  Judge Jerry A. Brown presides over
the case.  The Petitioners are represented by Stewart F. Peck,
Esq., who has an office in New Orleans, Louisiana.


WHOLELIFE PROPERTIES: Taps Forshey & Prostok as Legal Counsel
-------------------------------------------------------------
WholeLife Properties, LLC seeks approval from the U.S. Bankruptcy
Court for the Northern District of Texas to hire Forshey & Prostok,
LLP as its legal counsel.

The firm will provide these services in connection with the
Debtor's Chapter 11 case:

     (a) advising the Debtor of its rights, powers and duties;

     (b) assisting the Debtors in the negotiation and
         documentation of agreements, debt restructurings, and
         related transactions;

     (c) reviewing the nature and validity of liens asserted
         against the property of the Debtor;

     (d) advising the Debtor concerning the actions that it might
         take to collect and to recover property;

     (e) preparing legal papers;

     (f) preparing responses to motions and other papers that may
         Be filed and served in the Debtor's case; and

     (g) counseling the Debtor in connection with the formulation,

         negotiation and promulgation of a plan of reorganization.

The firm's professionals and their hourly rates are:

     J. Robert Forshey     $575
     Associates            $275 - $450
     Paralegals            $150 - $195

J. Robert Forshey, 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:

     J. Robert Forshey, Esq.
     Matthew G. Mabel, Esq.
     Forshey & Prostok LLP
     777 Main St., Suite 1290
     Fort Worth, TX 76102
     Telephone: (817) 877-8855
     Facsimile: (817) 877-4151
     Email: bforshey@forsheyprostok.com
            mmaben@forsheyprostok.com

                   About WholeLife Properties

WholeLife Properties, LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N. D. Texas Case No. 16-42274) on June 7,
2016.  The petition was signed by John B. Lowery, as sole member of
WholeLife Companies, Inc., sole member of WholeLife Properties,
LLC.  

The case is assigned to Judge Mark X. Mullin.

At the time of the filing, the Debtor estimated its assets at $10
million to $50 million and debts at $1 million to $10 million.


WORLD AND MAIN: S&P Cuts CCR to CCC on Possible Covenant Breach
---------------------------------------------------------------
S&P Global Ratings lowered its corporate rating on Cranbury,
N.J.–based World and Main LLC to 'CCC' from 'CCC+'.  The outlook
remains negative.

At the same time, S&P lowered its issue-level ratings on the
company's $40 million ABL revolver due 2019 to 'B-' from 'B'.  The
recovery rating remains '1', indicating S&P's expectation for very
high (90% to 100%) recovery in the event of a payment default.  S&P
lowered its issue-level ratings on the company's $100 million term
loan first-lien term due 2020 to 'CCC' from 'CCC+'.  The recovery
rating remains '3', indicating S&P's expectation for meaningful
(50% to 70%) recovery in the event of a payment default, at the
lower half of the range.  S&P also lowered the issue-level rating
on the company's $55 million second-lien term loan due 2020 to 'CC'
from 'CCC-'.  The recovery rating remains '6', indicating S&P's
expectation for negligible (0% to 10%) recovery in the event of
payment default.

"The downgrade and negative outlook reflect our belief that World
and Main LLC may not have enough liquidity to continue operating,
as it could default on its credit facility if it is unable to
comply with its maintenance financial covenants during the fourth
quarter of 2016," said S&P Global Ratings credit analyst Bea
Chiem.

As of March 31, 2016, S&P estimates that the company had about
$190.2 million adjusted debt outstanding.



ZLM ACQUISITIONS: Taps Beasley Allen as Special Counsel
-------------------------------------------------------
ZLM Acquisitions, LLC and Zeke's Landing Marina, LLC seek approval
from the U.S. Bankruptcy Court for the Southern District of Alabama
to hire J. Parker Miller of Beasley, Allen, Crow, Methvin, Portis &
Miles, P.C.

The Debtors have tapped the services of Mr. Miller to prosecute the
claims of Red Snapper World Championship, LLC and Zeke's Charter
Fleet, LLC tied to the Deepwater Horizon oil spill in the Gulf of
Mexico.

As payment for his services, Mr. Miller will get 25% of the net
amount recovered.  

In a court filing, Mr. Miller disclosed that he does not represent
or hold any interest adverse to the Debtors or their estate.

Mr. Miller's contact information is:

     J. Parker Miller, Esq.
     Beasley, Allen, Crow, Methvin,
     Portis & Miles, P.C.
     218 Commerce Street
     P.O. Box 4160
     Montgomery, Alabama 36104
     Telephone: (334) 269-2343
     Facsimile: (334) 954-7555
     Email: Parker.Miller@BeasleyAllen.com

The Debtors can be reached through their lead counsel:

     Robert M. Galloway, Esq.
     Galloway Wettermark Everest
     Rutens & Gaillard, LLP
     P. O. Box 16629
     Mobile, AL 36616-0629
     Tel: (251) 476-4493
     Email: bgalloway@gallowayllp.com

                     About ZLM Acquisitions

ZLM Acquisitions, LLC and Zeke's Landing Marina, LLC sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. S. D.
Ala. Case Nos. 14-00495 and 14-00497) on February 20, 2014.  The
petitions were signed by Tom Steber, managing member.  

At the time of the filing, ZLM Acquisitions disclosed $2.93 million
in assets and $17.42 million in liabilities.  Zeke's Landing
disclosed $4.64 million in assets and $15.93 million in
liabilities.


ZUFFA LLC: S&P Puts 'BB-' CCR on CreditWatch Negative
-----------------------------------------------------
S&P Global Ratings said it placed its 'BB-' corporate credit rating
on Las Vegas-based Zuffa LLC and S&P's 'BB' issue-level rating on
its senior secured debt on CreditWatch with negative implications
following the announcement that it will be acquired by WME IMG and
a consortium of equity investors, in a transaction reportedly
valued at about $4 billion.

"While the purchase price, the structure of the acquisition, and
the financing terms were not disclosed, we could lower the
corporate credit rating on Zuffa to reflect the 'B' rating on
operating partner WME IMG Holdings LLC once we can assess the
transaction structure and the potential for higher leverage at the
Zuffa subsidiary, depending on the financing," said S&P Global
Ratings credit analyst Latisha Kimber.

Upon receiving financing terms for the acquisition, S&P will assess
the extent to which Zuffa is integral to WME IMG's strategy and the
potential leveraging impact of the transaction on Zuffa.

S&P will continue to monitor developments related to the proposed
transaction, including required approvals.  S&P will also meet with
Zuffa's management team to review and assess the terms of the
acquisition, subsequent capital structure, and its ongoing
financial policy.


[*] Annette Jarvis Named Utah State Bar's 2016 "Lawyer of the Year"
-------------------------------------------------------------------
International law firm Dorsey & Whitney LLP on July 11, 2016,
disclosed that Annette Jarvis, a partner in the Firm's Bankruptcy
and Financial Restructuring Group and a member of the Firm's
Management Committee has been named Utah's 2016 "Lawyer of the
Year," by the Utah State Bar.  The Utah State Bar has honored its
most outstanding lawyers since 1970.  During the award's 45-year
history, Ms. Jarvis, now becomes the fourth woman to garner this
award.

Annette Jarvis is one of the nation's leading bankruptcy and
restructuring lawyers.  Her successful career has included work
that spanned the globe, having represented numerous domestic and
foreign companies in U.S. bankruptcy proceedings, bankruptcy
appeals, and related litigation.  A fellow in the American College
of Bankruptcy, she is widely recognized for her preeminence in
representing numerous parties in Chapter 11 cases and out-of-court
workouts.  She also represents receivers in state and federal
receivership cases, and she has been involved in state insurance
rehabilitations and liquidations.

Ms. Jarvis has been actively involved in educating attorneys and
other professionals in her field.  She has been an organizer of and
frequent presenter at conferences sponsored by the ABI, the TMA,
the American College of Bankruptcy, the Utah State Bar Association,
and the National Conference of Bankruptcy Judges.  She has
published articles on bankruptcy law, including an article
published just this month in the ABI Journal.  She recently
finished a chapter for a book on the rights of secured creditors
that will be published by the ABI later this year.  Her writing has
had an impact in her field, including having been cited by the
Third Circuit when it reconsidered and overturned a long standing
precedent a few years ago.

She is the founder of both the Utah contingent of the TMA Rocky
Mountain Chapter and the Mountain-Desert International Women's
Insolvency and Restructuring Confederation.  She was also the first
chair of the International JRCLS Women in Law Committee.  She
currently sits on the Board of the American College of Bankruptcy,
where she works on strategic planning, vision and implementation of
the College's mission.  She also serves as the Vice President of
Marketing and Communications as a member of the Executive Committee
of the Global TMA Board.

In 2013, Ms. Jarvis received the Distinguished Service Award from
the Utah Chapter of the Federal Bar Association.  Her work has also
been recognized by the national Turnaround Management Association,
and in 2007 Ms. Jarvis received the Large Company Transaction of
the Year Award for her work in a complicated group of Chapter 11
cases known as the "USA Capital Mortgage" cases.  This past year,
she received recognition and numerous awards from the M&A Advisor
for her work in the Chapter 15 cross border case involving the
Jerritt Canyon Mine in Nevada.

In addition to her client work, she is actively involved in the
community and has served on various boards and committees,
including the Utah Symphony/Utah Opera Board, where she is a member
of the Executive Committee and Chairs the Governance Committee.  In
2015, Ms. Jarvis received the Third Annual Christine M. Durham
Public Service Award which recognizes the work of legal
professionals who demonstrate outstanding service to the citizens
of Utah.

Ms. Jarvis has also strengthened Utah's legal community throughout
her career by mentoring other lawyers.  She is a vocal advocate of
mentoring, advancing, and supporting women lawyers in the
workplace.  She has helped other women design part-time programs
for their firms, believing these policies not only enable people to
pursue both their careers and support their families, but also to
be in the best interest of firms in maintaining and attracting
talented female professionals.  In 2014 she was honored for this
commitment, receiving the Women Lawyers of Utah Mentoring Award.

"We are extremely pleased that Annette has been named Utah's 2016
Lawyer of the Year," noted Dorsey Managing Partner Ken Cutler.
"This is a much deserved recognition for Annette.  She has an
incredibly successful practice and handles some of the most complex
bankruptcy and restructuring matters for the Firm.  Dorsey is
regularly identified as one of the best law firms for women, and it
is gratifying to see another of our women partners recognized for
being at the absolute top of her field."

                     About Dorsey & Whitney LLP

Clients have relied on Dorsey since 1912 as a valued business
partner.  With locations across the United States and in Canada,
Europe and the Asia-Pacific region, Dorsey provides an integrated,
proactive approach to its clients' legal and business needs.
Dorsey represents a number of the world's most successful companies
from a wide range of industries, including leaders in the banking,
energy, food and agribusiness, health care, mining and natural
resources, and public-private project development sectors, as well
as major non-profit and government entities.


                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

                            *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.  
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman,
Editors.

Copyright 2016.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $975 for 6 months delivered via
e-mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Peter A.
Chapman at 215-945-7000 or Nina Novak at 202-362-8552.

                   *** End of Transmission ***