TCR_Public/160719.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Tuesday, July 19, 2016, Vol. 20, No. 201

                            Headlines

2490 US 1: Hires Robert Altman as Attorney
5 STAR INVESTMENT: Trustee Hires Hazelton Properties as Managers
5 STAR INVESTMENT: Trustee Hires Tiffany Group as Broker
A.J. & M.C. RAMOS: Plan to Pay Unsecured Creditors in Full
ADVANCEPIERRE FOODS: Moody's Puts B2 CFR Under Review for Upgrade

ADVANCEPIERRE FOODS: S&P Raises CCR to 'B+', Off Watch Negative
AGAP LIFE: Names Bill Short as Chief Restructuring Officer
ALBANY LLC: Can Use Cash Collateral Through Aug. 18
ALLIANCE MANAGEMENT: Hires Cooley & Offill as Attorney
ALPHA NATURAL: Court Enters Formal Order on Plan Confirmation

ALPHA NATURAL: Questions Linger on Future After Exit Plan Approval
ALTERNATIVES LIVING: Hires Sher Garner as Special Counsel
AMC ENTERTAINMENT: Fitch Puts 'B+' IDR on Watch Negative
AMERICAN CONTAINER: Case Summary & 20 Largest Unsecured Creditors
APEX TOOL: S&P Affirms 'B' CCR & Revises Outlook to Negative

ARMCO METALS: Halts Operations, To Delist Common Shares From NYSE
ASTROTURF LLC: Committee Taps Morris Manning as Legal Counsel
ASTROTURF LLC: Taps Bejin Bieneman as Counsel in FieldTurf Case
ASTROTURF LLC: Taps Manion Gaynor as Counsel in FieldTurf Case
ASTROTURF LLC: Taps Wilmer Cutler as Patent Counsel

ASTROTURF LLC: Wants to Hire Ordinary Course Professionals
AVMED INC: A.M. Best Revises Issuer Credit Rating Outlook to Neg.
BASIC FOOD GROUP: RICO Claims vs Ahne Law, et al., Dismissed
BATAA/KIERLAND: 9th Cir. Grants Reversal of Attorneys' Fee Award
BAYOU SHORES: 11th Cir. Flips Confirmation Order on Medicare Deals

BEAZER HOMES: Moody's Affirms B3 Corporate Family Rating
BEEKMAN LIQUORS: Hires Mehler & Buscemi as Special Counsel
BLACKMAN COMMUNITY: Wants Exclusivity Period Extended to 180 Days
BOART LONGYEAR: S&P Revises Outlook to Stable & Affirms 'CCC+' CCR
BOWERS INVESTMENT: Court Converts Bankruptcy Case to Chap. 7

CAPE COD COMMERCIAL: Hires Appraisal Company as Appraiser
CARLSTAR GROUP: Moody's Lowers CFR to B3, Outlook Stable
CC LLC: Seeks to Hire Burr Forman as Special Counsel
CENTRAL BEEF IND: Wants Exclusive Plan Filing Extended to Aug. 19
CENTURY CASUALTY: A.M. Best Withdraws B(Fair) Fin. Strength Rating

COHERENT INC: S&P Assigns 'BB' CCR, Outlook Stable
CONCO INC: Bankruptcy Court's Stock Sale Ruling Affirmed
CORE RESOURCE: U.S. Trustee Forms 3-Member Committee
COSHOCTON HOSPITAL: Asks Court to Approve $10M DIP Financing
COSHOCTON HOSPITAL: Committee Taps Hahn Loeser as Co-Counsel

COSHOCTON HOSPITAL: Committee Taps Sills Cummis as Legal Counsel
COSHOCTON HOSPITAL: Has Until Aug. 15 to File Schedules
COSHOCTON HOSPITAL: Hires McDonald Hopkins as Bankr. Counsel
COSHOCTON HOSPITAL: Seeks Court Approval of Bidding Procedures
COSHOCTON HOSPITAL: Taps Garden City as Notice & Claims Agent

COVENANT CARE: Seeks to Hire Taps BKD LLP as Accountant
CRIMSON INVESTMENT: Taps Michael D. O'Brien as Legal Counsel
D & C ENTERPRISES: Hires Phillips & Thomas as Counsel
D&C ENTERPRISES: Hires Phillips & Thomas as Counsel
DAVID AND VERDA DICORTE: Hires Slomka as Counsel

DAVID KING: Objection to Claim No. 21 Denied
DEERFIELD REAL ESTATE: Taps Randolph Goodman as Broker
DEL RESTAURANT: US Trustee Unable to Appoint Creditors' Committee
DENTAL PLUS: Hires Margaret McClure as Attorney
DEPAUL INDUSTRIES: Creditors' Panel Hires Cable Huston as Counsel

DISPOSAL TEJAS: Hires Elliott as Tax and Regulatory Consultant
DRAW ANOTHER CIRCLE: Committee Hires Lowenstein as Counsel
DRAW ANOTHER CIRCLE: Committee Taps BDO USA as Financial Advisor
DRAW ANOTHER CIRCLE: Hires FTI Consulting as Financial Advisor
DREW TRANSPORTATION: W. Hinson Appointed as Chap. 11 Trustee

E & L YOUNG ENTERPRISES: Hires Naegele as Bankruptcy Counsel
EC ABATEMENT: U.S. Trustee Unable to Appoint Creditors' Committee
ENERGY FUTURE: Contrarian Seeks Mediation on 2nd Amended Plan
ENERGY FUTURE: Equify to Auction $2M of Miscellaneous Equipment
ENERGY FUTURE: Fidelity Preparing to Bid for Oncor With Creditors

ESSAR STEEL: KPS Capital Consortium Agreement Terminated
FAIRWAY GROUP: S&P Withdraws 'D' Rating
FEDERATION EMPLOYMENT: Seeks Continued Employment of Broker
FINANCIAL RESOURCES: Hires Erik Planet as Accountant
FIRST QUANTUM: Fitch Affirms 'B' IDR, Off CreditWatch Negative

FREDERICK KEITEL: Plan to Pay Unsecured Creditors in Full
FRESH & EASY: Selling Big Kahuna to Peach Systems for $25K
FRYMIRE SERVICES: Case Summary & 20 Largest Unsecured Creditors
GARDENS REGIONAL: Committee Hires Sills Cummis as Co-Counsel
GARDENS REGIONAL: Creditors' Panel Hires Lobel as Co-Counsel

GENERAL MOTORS: Avoids Some Claims in Faulty Ignition Switch Suits
GENERAL PRODUCTS: Metal Technologies Appointed to Committee
GREGORY REDFORD: Plan to Pay Unsecured Creditors in Full
GRIZZLY LAND: Ch.11 Trustee Hires Cordes & Co as Accountant
HAITHAM SADEQ: Skyline Square Condo Unit Sale for $310K Approved

HANCOCK FABRICS: Has $9.3M Offer for Lee County Property
HANCOCK FABRICS: Selling Class Action Settlement Fund for $210K
HEALTH INSURANCE: A.M. Best Cuts Fin. Strength Rating to 'B(fair)'
HESS COMMERCIAL: Wants Exclusivity Period Extended to Aug. 10
HOLSTED MARKETING: Hires Harris as Accountants

HORSEHEAD HOLDING: 2nd Amended Plan Filed; Disc. Statement Okayed
HORSEHEAD HOLDING: Akin Gump Represents Ad Hoc Secured Noteholders
HORSEHEAD HOLDING: Ashby Represents Ad Hoc Sec. Noteholder Panel
INDUSTRIAL NOISE: Hires Miller as Real Estate Broker
INDUSTRIAS VASSALLO: Court Dismisses Suit vs. Peter Vasquez Massa

INTRALINKS INC: S&P Affirms 'B+' CCR & Revises Outlook to Negative
INVERSIONES ARAXI: Hires Juan A. Ruiz Reyes as Accountant
ITALIAN & FRENCH: Property Sale to Principal's Grandson Approved
JEFFREY MORTENSON: Selling Mason County Parcels for $60K Each
JOHN Q. HAMMONS: Hires Stinson Leonard as Bankruptcy Counsel

JVJ PHARMACY: Taps CBIZ KA as Financial Advisors
KATHERINE N. MONTGOMERY: Unsecured Creditors to Get 5% Under Plan
KITCHEN BROTHERS: Court Junks Suit vs. First Tennesee Bank
LEGEND INT'L: Liquidators Seek Chap. 11 Case Dismissal
LEHMAN BROTHERS: Ruling Expunging FirstBank's Claim Affirmed

LONESTAR RESOURCES: S&P Affirms Then Withdraws 'B-' CCR
M SPACE HOLDINGS: Panel Hires Cooley LLP as Lead Counsel
MAXUS ENERGY: Hires Drinker Biddle as Litigation Counsel
MAXUS ENERGY: Hires McKool Smith as Counsel in Insurance Suit
MAXUS ENERGY: Hires Prime Clerk as Administrative Agent

MCNEILL PROPERTIES: Hires Ciardi as Counsel
MCS GROUP: Moody's Hikes Corporate Family Rating to B2
MD AMERICA: S&P Raises CCR to 'B-', Outlook Stable
MEDIWARE INFORMATION: S&P Withdraws 'B' Rating
MICHAELS COMPANIES: Moody's Raises CFR to Ba2, Outlook Stable

MIDWAY GOLD: Selling Ely Townhome to Richardson for $85K
MOBIVITY HOLDINGS: Amends Form S-1 Resale Prospectus with SEC
MOTORS LIQUIDATION: Lenders' Bid to Junk Avoidance Suit Denied
NATIONAL GENERAL: A.M. Best Rates $200MM 7.5% Preferred Stock 'bb'
NATIONWIDE PARTS: Case Summary & 10 Unsecured Creditors

NETWORK CREATIVE: Case Summary & 20 Largest Unsecured Creditors
NORTEL NETWORKS: Court Clarifies SNMP Infringement Ruling
OLD COLD: Exclusive Plan Filing Period Extended to Oct. 25
ON QUE FOOD: Hires Blackman & Melville as Attorney
P2 UPSTREAM: S&P Lowers CCR to 'B-' on Higher Leverage

PARAGON OFFSHORE: "Nightmare" for Secured Creditors
PAUL GREMILLION: Court Denies Approval of Settlement with Gemino
PEAK WEB: Creditors' Panel Hires Ball Janik as Counsel
PERMIAN RESOURCES: Apollo-Led Investors Said to Snap Up Assets
POPEXPERT INC: Creditors' Panel Hires Pachulski Stang as Counsel

POTLATCH CORP: S&P Assigns 'BB' Rating on Proposed $65.7MM Bonds
PREFERRED CONCRETE: Hires Allocco Miller as Special Counsel
PREMIUM TRANSPORTATION: Has Until Oct. 10 to Exclusively File Plan
PUERTO RICO: Hires Public Financial Management as Adviser
PUERTO RICO: Rubio, Pierluisi Among Appointees to Task Force

RAHMANIA PROPERTIES: Plan Filing Deadline Moved to Aug. 23
RESOLUTE FOREST: S&P Revises Outlook to Neg. & Affirms 'BB-' CCR
REVLON CONSUMER: Moody's Lowers CFR to B1, Outlook Stable
REVLON INC: S&P Affirms 'B+' CCR, Off CreditWatch Negative
RIVER NORTH 414: Hires Goldstein & McClintock as Counsel

ROOSTER ENERGY: Enters Into Second Amendment & Waiver Agreement
ROWAN COS: S&P Lowers CCR to 'BB', Outlook Negative
SANJECK LLP: Case Summary & 2 Unsecured Creditors
SFX ENTERTAINMENT: Wants to Raise KERP Cap to $610K
SOFINTEK INC: U.S. Trustee Appoints 3-Member Committee

ST. JAMES NURSING: Time to Amend Disclosure Statement Extended
STEPHCHRIS OF MISSOURI: Case Summary & 17 Top Unsecured Creditors
STIFEL FINANCIAL: Fitch Affirms B+ Preferred Stock Rating
SUNEDISON INC: Adviser Says Assets Now Worth Up to $1.5-Bil.
SYNCARDIA SYSTEMS: U.S. Trustee Forms 3-Member Committee

TAVERNA OUZO: Wants Plan Filing Deadline Moved to Nov. 14
TLB CONTRACTING: US Trustee Unable to Appoint Creditors' Panel
TODD VOLKER: Settles With HHA, Selling 22% HHA Stake for $1.4M
TOTAL HOCKEY: U.S. Trustee Forms 7-Member Committee
TOWER PARK PROPERTIES: Court Junks FTIC's Appeal

TOYS R US: Bond Swap Pays 12% to Buy Time for Turnaround
TOZ-BEL LLC: Taps Bederson LLP as Special Insolvency Accountant
TRACTOR COMPANY: BB&T's Bid for Summary Judgment Granted
TRANSTAR HOLDING: Moody's Lowers PDR to Ca, Outlook Negative
TRANSTAR HOLDING: S&P Lowers CCR to 'D' on Missed Interest Payment

TRIANGLE USA: Taps Prime Clerk as Claims and Noticing Agent
UNITED PLASTIC: Panel's Plea to Terminate Exclusivity Denied
WHITING PETROLEUM: S&P Rates New Unsec. Convertible Notes 'B+'
WTB 5 ENTERPRISES: Taps Cushman & Wakefield as Real Estate Agent
WYNN AMERICA: S&P Assigns 'BB+' Rating on New $125MM Facility

YBRANT MEDIA: Wants Plan Filing Deadline Moved to Sept. 12
[*] US Oil Services at Risk Despite Oil Bounce
[^] Large Companies with Insolvent Balance Sheet

                            *********

2490 US 1: Hires Robert Altman as Attorney
------------------------------------------
2490 US 1, LLC seeks authorization from the U.S. Bankruptcy Court
for the Middle District of Florida to employ Robert Altman, P.A. as
attorney to handle all legal work associated with this case.

The Debtor will pay $375 per hour for work done in this Chapter 11
proceeding.

Robert Altman received from the Debtor a retainer of $10,054 and
$1,717 filing fee for Chapter 11 for a total of $11,771. The funds
received have been placed in the law firm's trust account except
for that portion of the amount paid which was earned for work
performed prior to the filing.

Robert Altman will bill the Debtor monthly and withdraw the billed
amount from the trust account subject to review and disgorgement by
the Bankruptcy Court. $2,775 was billed pre-petition leaving $7,279
in Trust.

Mr. Altman 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.

Robert Altman can be reached at:

       Robert Altman, Esq.
       ROBERT ALTMAN, P.A.
       5256 Silver Lake Drive
       Palatka, FL 32177
       Tel: (386) 325-4691
       Fax: (386) 325-9765
       E-mail: robertaltman@bellsouth.net

                        About 2490 US 1

2490 US 1, LLC fdba 2498 US 1, LLC, based in Palm Coast, Fla.,
filed a Chapter 11 petition (Bankr. M.D. Fla. Case No. 16-02622) on
July 11, 2016. Robert Altman, Esq., at Robert Altman, P.A., as
bankruptcy counsel.

In its petition, the Debtor's total assets is $1.36 million and
$1.57 million in liabilities.  The petition was signed by Sherry
Arnett, president.



5 STAR INVESTMENT: Trustee Hires Hazelton Properties as Managers
----------------------------------------------------------------
Douglas R. Adelsperger, as Trustee of 5 Star Investment Group, LLC
and its affiliates, asks the U.S. Bankruptcy Court for the Northern
District of Indiana to employ Hazelton Properties, LLC as property
managers for the bankruptcy estates.

The Trustee requires Hazelton Properties to provide these
services:

   (a) the financial management, accounting and administration of
       the properties, including rent collection, bill payment and

       accounting for, and reporting of, all revenue and expenses;

       and

   (b) management and maintenance support for the properties,
       including property inspections, handling tenant matters and

       supervision and coordination of maintenance staffing and
       vendor/contractor services.

Hazelton Properties will be entitled to the following compensation
structure:

   -- Management Fee: Hazelton Properties shall be entitled to a
      monthly management fee of 8% of the gross monthly rents
      collected for the properties. Additionally, Hazelton
      Properties shall be entitled to a monthly management fee of
      $150, per property, for those properties that are
      unoccupied/vacant.

   -- Lease Commission: Hazelton Properties shall be entitled to a

      lease commission of 50% of one month's rent for each
      property leased by Hazelton Properties during the term of
      the Agreement.

   -- Maintenance Fees: Hazelton Properties shall be entitled to,
      on a monthly basis, maintenance fees of $39.00 per hour,
      unless maintenance is required outside normal business hours

      or on holidays, at which Hazelton Properties will be
      entitled to charge one and one-half its normal hourly rate,
      or $58.50 per hour.

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

                  About 5 Star Investment Group

5 Star Investment Group, LLC, and its 10 affiliates sought
protection under Chapter 11 of the Bankruptcy Code on Jan. 25, 2016
(Bankr. N.D. Ind. Lead Case No. 16-30078).  

5 Star estimated its assets at up to $50,000 and its liabilities at
between $1 million and $10 million.   The Debtor's counsel is
Katherine C. O'Malley, Esq., at Cozen O'Connor, in Chicago,
Illinois.

The cases are assigned to Judge Harry C. Dees, Jr.

On Feb. 29, 2016, Douglas R. Adelsperger was appointed as Chapter
11 trustee in each of the bankruptcy cases.  

On March 23, 2016, the Court entered an order consolidating the
bankruptcy cases for purposes of administration only.


5 STAR INVESTMENT: Trustee Hires Tiffany Group as Broker
--------------------------------------------------------
Douglas R. Adelsperger, as Trustee of 5 Star Investment Group, LLC
and its debtor-affiliates, asks the U.S. Bankruptcy Court for the
Northern District of Indiana to employ Tiffany Group Real Estate
Advisors, LLC as broker for the bankruptcy estates.

There are approximately 78 single family residences located in St.
Joseph County (Indiana) and Elkhart County (Indiana) that are owned
by the Debtors. In order for the Trustee to faithfully execute his
duties as the duly appointed, qualified and acting Chapter 11
Trustee in these Bankruptcy Cases, the Trustee, on behalf of the
Bankruptcy Estates, requires the assistance of a broker to market
and sell the properties.

The Trustee anticipates that the professional services to be
rendered by Tiffany Group may include, but are not limited to, the
marketing and sale of the properties, including presenting the
properties to national and international investors active in the
area.

Tiffany Group will be employed for a period of one year for the
exclusive marketing and sale of the properties; provided however,
the Trustee, his counsel, the Committee and/or the Committee's
counsel shall not be prohibited from discussing the potential sales
of properties with interested buyers, including tenants occupying
the properties.

Tiffany Group will receive a commission as follows:

   (a) For sales to buyer, including sales to tenants occupying
       the properties, that were obtained solely through the
       efforts of the Tiffany Group, Tiffany Group shall be
       entitled to a total commission of 5.0% of the selling
       price;

   (b) For all sales to tenants occupying the properties that were

       obtained solely through the efforts of the Trustee, his
       counsel, the Committee and/or the Committee's counsel,
       Tiffany Group shall not be entitled to any commissions; and

   (c) For all sales to buyers that were obtained solely through
       the efforts of the Trustee, his counsel, the Committee
       and/or the Committee's counsel, Tiffany Group shall be
       entitled to a total commission of 4.0% of the selling
       price.

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

                  About 5 Star Investment Group

5 Star Investment Group, LLC, and its 10 affiliates sought
protection under Chapter 11 of the Bankruptcy Code on Jan. 25, 2016
(Bankr. N.D. Ind. Lead Case No. 16-30078).  5 Star estimated its
assets at up to $50,000 and its liabilities at between $1 million
and $10 million.   The Debtor's counsel is Katherine C. O'Malley,
Esq., at Cozen O'Connor, in Chicago, Illinois.

The cases are assigned to Judge Harry C. Dees, Jr.

On Feb. 29, 2016, Douglas R. Adelsperger was appointed as Chapter
11 trustee in each of the bankruptcy cases.  

On March 23, 2016, the Court entered an order consolidating the
bankruptcy cases for purposes of administration only.


A.J. & M.C. RAMOS: Plan to Pay Unsecured Creditors in Full
----------------------------------------------------------
A.J. & M.C. Ramos Partners, LTD. on July 12 filed with the U.S.
Bankruptcy Court for the Southern District of Texas a Chapter 11
plan of reorganization, which proposes to pay general unsecured
creditors in full.

Under the restructuring plan, general unsecured creditors who are
classified in Class 3 will receive a distribution of 100% of their
claims 72 months after the plan takes effect.

The plan will be funded from the proceeds of the sale of A.J. &
M.C. Ramos' real estate located in Corpus Christi, Texas.

A copy of the disclosure statement detailing the Chapter 11 plan is
available for free at https://is.gd/mrR2HE

                    About A.J. & M.C. Ramos

A.J. & M.C. Ramos Partners, LTD. sought protection under Chapter 11
of the Bankruptcy Code (Bankr. S. D. Texas Case No. 15-20467) on
November 30, 2015.  The case is assigned to Judge David R. Jones.


ADVANCEPIERRE FOODS: Moody's Puts B2 CFR Under Review for Upgrade
-----------------------------------------------------------------
Moody's Investors Service placed AdvancePierre Foods, Inc.'s (NYSE:
APFH) Corporate Family Rating of B2, Probability of Default rating
of B2-PD and Senior Secured First Lien Term Loan rating of B2 under
review for upgrade after the company announced the pricing of its
initial public offering (IPO) and the intended use of the proceeds
for debt repayment.

Based on the announced terms contemplated in the latest S-1 filing
dated July 5, 2016, APFH expects to receive approximately $209
million in net proceeds from the IPO, the majority of which will be
used to pay down a portion of the company's $1.3 billion first lien
term loan due June 2023.

"The potential debt paydown from the IPO is expected to be
significant and will improve AdvancePierre's leverage to below 4.5
times debt-to-EBITDA from the current 5.2 times.  This could result
in a one notch upgrade of AdvancePierre's Corporate Family Rating
to B1," commented Moody's AVP -- Analyst Brian Silver.

Moody's review will incorporate the outcome of the IPO, pro forma
credit metrics for the twelve month period ended June 30, 2016,
expectations for APFH's operating performance and financial
policies post IPO.

Ratings placed under review for upgrade:

  Corporate Family Rating, B2

  Probability of Default Rating, B2-PD

  $1.3 Billion Senior Secured First Lien Term Loan B due 2023,
  B2 (LGD4)

  Outlook, Changed to Rating Under Review from Stable

                          RATINGS RATIONALE

The following analysis does not take into consideration the recent
IPO of the company. AdvancePierre Foods, Inc.'s (APF) B2 Corporate
Family Rating (CFR) is reflective of the company's elevated
leverage profile, moderate interest coverage and relatively
aggressive financial policies.  Given the company's existing
capital structure, APF's leverage as measured by Moody's adjusted
debt-to-EBITDA (including capitalization of operating leases) was
approximately 5.4 times during the twelve months ended April 2,
2016 (the LTM period), which is high considering its exposure to
volatile raw material costs, seasonal working capital needs, and
competition from other protein suppliers.  APF has recently
experienced significant top-line growth and material profitability
improvements that we expect will continue, albeit at a more
moderate pace going forward.  This will drive additional
deleveraging and continue to reduce reliance on the company's ABL
over the next twelve months.  The B2 CFR acknowledges APF's
benefits from its healthy size and scale, good diversity of product
offerings and sales channels, moderate degree of customer
concentration, and its ability to pass-through a significant
portion of its raw material costs through a dynamic pricing model.
Also factored into the rating is the company's recent success in
maintaining pricing initiatives and rationalization of SKUs towards
higher margin products.

The principal methodology used in these ratings was Global Packaged
Goods published in June 2013.

AdvancePierre Foods, Inc., headquartered in Cincinnati, OH, is a
producer and marketer of value-added protein and hand-held
convenience items serving the foodservice, retail and convenience
and vending store channels.  Key products include packaged
sandwiches, fully-cooked burgers, Philly steaks, stuffed chicken
breasts and country fried chicken.  Oaktree Capital Management LP
(Oaktree) has owned the company since Pierre Foods, Inc. emerged
from bankruptcy in 2008.  Net sales for the twelve months ending
April 2, 2016, were approximately $1.58 billion.


ADVANCEPIERRE FOODS: S&P Raises CCR to 'B+', Off Watch Negative
---------------------------------------------------------------
S&P Global Ratings raised its corporate credit rating on
Cincinnati, Ohio-based AdvancePierre Foods Inc. to 'B+' from 'B'
and removed all ratings from CreditWatch with positive
implications, where S&P placed them on May 18, 2016.  The outlook
is stable.

At the same time, S&P raised the issue-level rating on the
company's $1.3 billion first-lien term loan maturing July 2023 to
'B+' from 'B'.  The recovery rating is '4', indicating S&P's
expectation for average recovery (30% to 40%, at the upper end of
the range) in the event of a payment default.

S&P withdrew ratings on the company's first- and second-lien
facilities maturing 2017 and 2020 (2020 second-lien was never
issued as originally proposed).

"The upgrade reflects the company's significant reduction in
leverage, reducing debt/EBITDA from more than 5.0x when it recently
refinanced its facilities in May 2016 to below 4.5x pro forma for
the anticipated debt repayment from today's IPO," said credit
analyst Jessica Paige.  "The debt paydown demonstrates management's
intention to deleverage the company and maintain debt to EBITDA
well below 5x, thus warranting an improved financial risk profile
and higher rating.  Based on our expectation for continued EBITDA
margin improvement and fairly low maintenance capital expenditure
requirements of about $35 million annually, and no dividends or
share repurchases, we expect the company will generate annual free
cash flow of more than $100 million, which should allow the company
to fund future dividends of about
$45 million annually while reducing leverage to closer to 4x over
then next year."

The outlook is stable, reflecting the expectation that leverage
will decline below 4.5x in fiscal year-end 2016 from the debt pay
down from IPO proceeds as well as from improved operating margin
from better pricing, cost cuts, and muted meat commodity costs.  In
addition, S&P believes cash flows will be used primarily for
dividend and possible future investments, and to a lesser extent
for debt repayment.

S&P could downgrade the company if operating performance
deteriorates possibly because of the loss of a key customer, the
inability to pass along price increases, or commodity meat
inflation resulting in leverage well above 5x.  Debt to EBITDA
could also exceed 5x if the company adopts more aggressive
financial policies, possibly including large dividend payouts or
large debt-financed acquisitions.

S&P could upgrade AdvancePierre if the company reduces its
financial sponsor ownership to below 40% and commits to sustaining
debt-to-EBITDA below 4x.   S&P believes this is not likely to occur
without future secondary equity offering further reducing Oaktree's
ownership.  In addition, S&P believes the company would have to
sustain EBITDA margin near 15% and apply a portion of its
anticipated discretionary cash flow to debt repayment to sustain
debt to EBITDA below 4x.


AGAP LIFE: Names Bill Short as Chief Restructuring Officer
----------------------------------------------------------
AGAP Life Offerings, LLC and its debtor-affiliates seek
authorization from the U.S. Bankruptcy Court for the Southern
District of Texas to employ Bill Short as chief restructuring
officer and financial consultant for the Debtors as of July 11,
2016.

The Debtors require Mr. Short to provide financial advisory
services as CRO, which include:

   -- preparation of amendments to schedules and the statement of
      financial affairs and monthly operating reports to support
      the Chapter 11 case administration;

   -- review and assess cash flow forecasting and projection
      processes, and the monitoring of actual cash flow versus
      projections;

   -- prepare updated cash flow projections as needed to be filed
      with the court;

   -- assist in preparing and assembling information for exhibits  

      to motions for relief that may be filed with the court;

   -- provide testimony in bankruptcy court hearings as required;

   -- administer post-petition banking facilities;

   -- review ongoing strategic initiatives and assess financial
      and liquidity impact;

   -- negotiate/communicate with lenders, creditors and
      stakeholders during the bankruptcy proceeding;

   -- coordinate sales of assets, as may be required;

   -- direct operations with management including oversight and
      approval of disbursements, and approval of all contracts and

      administrative services;

   -- preparation of periodic progress reports and review
      financial results with stakeholders and lenders;

   -- engage personnel and professionals as may be required for
      orderly administration of bankruptcy case and the Company;
      and

   -- such other duties as mutually agreed upon or otherwise
      approved by the Court.

For purposes of performing the Services, the CRO shall be given
full and complete access to the Debtor's premises, books, records,
and computer systems, and the CRO will take steps where he deems
necessary to document and establish procedures and routines in
order to assure uninterrupted and accurate reporting to
stakeholders. Additionally, the CRO expects to get assistance from
Jeffrey and Charles Madden, the Managers of AGAP in the performance
of his services as CRO.

The hourly compensation to be paid to Mr. Short shall be as
follows:

       Bill Short            $175

A retainer of $5,000 will be payable upon approval of this
Application by the Bankruptcy Court and will be applied to billings
for services provided under the Engagement Agreement and as
approved by the Bankruptcy Court.

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

Mr. Short, also a partner of SeatonHill Partners, 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.

Mr. Short can be reached at:

       Bill Short
       5646 Milton Street, Suite 716
       Dallas, TX 75225
       Tel: (214) 213-4622
       E-mail: bill.short@flash.net

                   About AGAP Life Offerings, LLC

AGAP Life Offerings, LLC, based in Frisco, Tex., filed a Chapter 11
petition (Bankr. E.D. Tex. Case No. 16-40520) on March 24, 2016.
Joyce W. Lindauer, Esq., at Joyce W. Lindauer Attorney, PLLC, as
bankruptcy counsel.

In its petition, the Debtor estimated $500,000 to $1 million in
both assets and liabilities.  The petition was signed by Charles D.
Madden, manager.



ALBANY LLC: Can Use Cash Collateral Through Aug. 18
---------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Illinois
authorized Albany LLC to use the cash collateral of Associated
Bank, N.A, until August 18, 2016.

The Debtor owns a two-story, mixed-use building with five first
floor commercial spaces and five residential apartments on the
second floor, located at 1769-1779 W. Greenleaf, Chicago,
Illinois.

Associated Bank alleged that the Debtor owes it $789,429.77, plus
fees and costs.  The Debtor granted Associated Bank security
interests in the Property, as well as rents, revenues, income,
profits and proceeds generated from the Property.

The Debtor related that without continued use of cash collateral,
it does not have sufficient available sources of working capital
and financing to operate the Property in the ordinary course of
business, or operate its business and maintain its property in
accordance with state and federal law.

Under the terms of a Fifth Interim Order, the Court authorized the
Debtor to use cash collateral in accordance with the approved
monthly Budget. The Budget provides for total expenses in the
amount of $8,680.

The Court directed the Debtor to make monthly additional adequate
protection payments to Associated Bank in the amount of $4,197.74,
starting March 10, 2016.

A status hearing on the Debtor's use of cash collateral is
scheduled on August 18, 2016 at 10:30 a.m.

A full-text copy of the Order, dated July 14, 2016, is available at
https://is.gd/7a1L3N

                        About Albany LLC.           

Albany LLC filed a bankruptcy petition (Bankr. N.D. Ill. Case No.
16-02426) on January 27, 2016.  The case is assigned to Judge Carol
A. Doyle.  The Debtor is represented by O. Allan Fridman, Esq.  At
the time of the filing, the Debtor estimated its assets and
liabilities at less than $1 million.  



ALLIANCE MANAGEMENT: Hires Cooley & Offill as Attorney
------------------------------------------------------
Alliance Management Services, LLC seeks authorization from the U.S.
Bankruptcy Court for the Western District of Kentucky to employ
Cooley & Offill as attorney.

The Debtor requires Cooley & Offill to:

     a. give the Debtor-in-Possession legal advice with respect to
its powers and duties as Debtor-in-Possession and the conduct of
the Debtor's business affairs;

     b. prepare on behalf of the Debtor-in Possession all
pleadings, reports, and other legal documents;

     c. assist the Debtor-in-Possession with the formulation of
plan of reorganization; and

     d. render other legal services which may be required from time
to time by the Debtor-in-Possession, including claims litigation.

Jesse E. Offill of Cooley & Offill will be paid at $200 per hour.

The Debtor tendered a retainer totaling $5,000 to Cooley & Offill.

Cooley & Offill will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Jesse E. Offill of Cooley & Offill, assured the Court that the firm
does not represent any interest adverse to the Debtor and its
estate.

Cooley & Offill may be reached at:

         Jesse E. Offill, Esq.
         Cooley & Offill
         1412 Frederica Street
         Owensboro, KY 42301
         Phone: (270)685-5586
         E-mail: jesse.offill@gmail.com

         About Alliance Management Services,LLC

Alliance Management Services,LLC filed a Chapter 11 bankruptcy
petition (Bankr. W.D. Ky. Case No. 16-31239) on April 15, 2016. 
The Hon. Joan A. Lloyd presides over the case.  Cooley & Offill
represents the Debtor as counsel.  In its petition, the Debtor
estimated $0 to $50,000 in assets and $1 million to $10 million in
liabilities. The petition was signed by Ray Ragland, member.


ALPHA NATURAL: Court Enters Formal Order on Plan Confirmation
-------------------------------------------------------------
BankruptcyData.com reported that the U.S. Bankruptcy Court issued a
formal order confirming Alpha Natural Resources' Second Amended
Joint Plan of Reorganization.  According to documents filed with
the Court, "On the Effective Date, the Debtors and NewCo shall
consummate the NewCo Asset Sale in accordance with sections 363,
365 and 1123 of the Bankruptcy Code, the Confirmation Order and the
terms of the Stalking Horse APA.  The Stalking Horse APA is being
revised to remove the PLR Assets; restructure the NewCo Asset Sale
as a tax-free reorganization, as contemplated by the terms of the
Stalking Horse APA.  On the Effective Date, all shares of
Reorganized ANR Common Stock issued pursuant to the Plan shall be
distributed to holders of Allowed Category 2 General Unsecured
Claims in accordance with Sections II.B.7 and II.B.8 of the Plan.
The Reorganized ANR Common Stock, when issued as provided in the
Plan, will be duly authorized, validly issued and, if applicable,
fully paid and non-assessable.  In accordance with the terms and
conditions of the Global Settlement Term Sheet, the Debtors, in
consultation with the Creditors' Committee, shall use reasonable
best efforts to structure the Reorganized ANR Common Stock so that
such shares are tradable; provided that the costs to the Debtors
and Reorganized ANR of doing so will be considered as to whether
such efforts are 'reasonable'.  Consistent with the Restructuring
Transactions, the NewCo Equity shall be issued by NewCo on or prior
to the Effective Date.  On the Effective Date and consistent with
the Restructuring Transactions: (a) NewCo Common Stock and NewCo
Warrants shall be distributed to holders of (i) Allowed Secured
Second Lien Noteholder Claims pursuant to Section II.B.3 of the
Plan and (ii) Allowed Category General Unsecured Claims pursuant to
Sections II.B.7 and II.B.8 of the Plan; and (b) NewCo Preferred
Interests shall be distributed to holders of Allowed Secured Second
Lien Noteholder Claims pursuant to Section II.B.3 of the Plan."

               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. and its affiliates filed separate
Chapter 11 bankruptcy petitions
(Bankr. E.D. Va. Lead Case No. 15-33896) 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.


ALPHA NATURAL: Questions Linger on Future After Exit Plan Approval
------------------------------------------------------------------
Heather Richards, writing for Casper Star Tribune, reported that
when a federal judge approved Alpha Natural Resources' bankruptcy
exit plan, regulators, industry leaders and environmentalists
breathed a collective sigh of relief, but while the plan will keep
two large coal mines operating and set the stage for a stricter
approach to self-bonding, the long-term outlook for Alpha is
murkier.

According to the report, as the first company to reach a
restructuring agreement with regulators and the courts, Alpha is
expected to set a precedent for the other companies.
Environmentalist hope Alpha's plan will change the state's approach
to environmental bonding, the report said.  State regulators want
pragmatic deals that preserve Wyoming jobs, the report added.
However, in a bearish market with hesitant lenders and federal
oversight, widespread uncertainty remains about the viability of
Alpha's financial plan post-bankruptcy, the report pointed out.

                 About Alpha Natural Resources

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

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

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

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

Judge Kevin R. Huennekens presides over the cases.

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


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

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

                            *     *     *

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

By selling certain assets as a going concern and restructuring the
company's remaining assets into a reorganized Alpha, the company
is
able to provide maximum recovery to its creditors, while
preserving jobs and putting itself in the best position to meet
its
reclamation obligations.

The Troubled Company Reporter, on July 14, 2016, citing
BankruptcyData.com reported that in a corporate release, Alpha
Natural Resources announced that, contingent upon the finalization
of certain definitive documentation and the entry of a formal U.S.
Bankruptcy Court confirmation order, the Court has indicated that
it will confirm the Company's Second Amended Joint Plan of
Reorganization.


ALTERNATIVES LIVING: Hires Sher Garner as Special Counsel
---------------------------------------------------------
Alternatives Living, Inc., seeks authority from the U.S. Bankruptcy
Court for the Eastern District of Louisiana to employ Sher Garner
Cahill Richter Klein & Hilbert, L.L.C. as special counsel to the
Debtor.

Alternatives Living requires Sher Garner to provide specialized
legal advice sought by the Debtor on an ongoing forward basis.

Sher Garner will be paid at these hourly rates:

     Matthew M. Coman               $400
     Senior Attorneys               $400
     Junior Attorneys               $350
     Senior Associates              $300
     Junior Associates              $250
     Paralegals                     $125

Sher Garner will be paid a retainer in the amount of $5,000, which
shall secure payment of fees and costs. The retainer will be
replenished once it falls below $1,500.

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

To the best of the Debtor's knowledge, 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 Debtor and
its estate.

Sher Garner can be reached at:

     Matthew M. Coman, Esq.
     SHER GARNER CAHILL RICHTER
     KLEIN & HILBERT, L.L.C.
     909 Poydras Street, Suite 2800
     New Orleans, LA 70112
     Tel: (504) 299-2100
     Fax: (504) 299-2300

                     About Alternatives Living

Alternatives Living, Inc., based in New Orleans, Louisiana, filed
for Chapter 11 bankruptcy (Bankr. E.D. La. Case No. 15-12308) on
Sept. 9, 2015. The Hon. Elizabeth W. Magner presides over the case.
Leo D. Congeni, Esq., at Congeni Law Firm, LLC, serves as the
Debtor's counsel. Alternatives Living estimated assets in the range
$500,000 to $1 million; and $1 million to $10 million in debt. The
petition was signed by Rickey Roberson, the CFO.


AMC ENTERTAINMENT: Fitch Puts 'B+' IDR on Watch Negative
--------------------------------------------------------
Fitch Ratings has placed AMC Entertainment Holdings, Inc.'s
Long-Term Issuer Default Rating (LT IDR) of 'B+' and related debt
issue ratings on Rating Watch Negative.  Fitch's actions follow
AMC's announcements that it has entered into a definitive agreement
to acquire European movie exhibitor Odeon & UCI Cinemas Group in a
transaction valued at approximately US$1.2 billion or GBP921
million.  Approximately US$2 billion of debt is affected by Fitch's
rating action.

The Rating Watch Negative reflects uncertainty surrounding the
ultimate resolution of the pending Carmike acquisition and its
potential impact on AMC's capital structure and the execution risks
surrounding entering the European markets.

Resolution of the Rating Watch will be predicated on Fitch's review
of the strategic benefits of the acquisition balanced against the
execution risks related to company's ability to successfully
leverage its domestic strategy in the new European markets.  In
addition, Fitch will assess AMC's financial policy, the funding
strategy of both proposed acquisitions and its impact on AMC's
credit profile as well as the company's ability and commitment to
reduce leverage following the close of the acquisitions.

Fitch believes the acquisition is consistent with the company's
strategy to add theatre assets that are complementary to its
portfolio and establish a global footprint.  Although AMC will be
able to leverage its premium amenities and reseating initiatives,
it remains to be seen whether this strategy will resonate well in
overseas markets.  AMC will acquire Odeon & UCI Cinemas Group, the
largest theatre exhibitor in Europe, for a total consideration of
$1.2 billion consisting of a mix of cash (approximately $488
million) and equity (approximately $163 million) as well as the
assumption of Odeon & UCI's net indebtedness of approximately
$529 million.  Odeon & UCI will be a wholly-owned subsidiary of AMC
and AMC intends to refinance Odeon & UCI's debt upon closing.

The acquisition will be financed with incremental debt of
$1.2 billion and equity issuance and is expected to close during
the fourth quarter of 2016 (4Q16) subject to receipt of antitrust
approval by the European Commission.  Fitch calculates unadjusted
leverage pro forma for the acquisition of Odeon & UCI at 5.0x and
unadjusted leverage pro forma for the acquisitions of Odeon & UCI
and Carmike at 5.5x as of March 31, 2016.  Fitch expects unadjusted
leverage to be maintained at or below 4.5x in the 12-18 months
following the acquisition to maintain the 'B+' rating. AMC's target
net leverage of 4.0x signals a more aggressive financial policy
that may be outside Fitch's threshold for a 'B+' rating.

                      KEY RATING DRIVERS

AMC has demonstrated traction in key strategic initiatives, as can
be seen in its improving admission revenue per attendee, concession
revenue per attendee, and concession gross profit per attendee.
Fitch calculates March 31, 2016 latest 12 months (LTM) EBITDA
margins of 16.9% (excludes National Cinemedia distribution), an
improvement from 13.6% at Sept. 27, 2012.  Fitch recognizes that
AMC's continued expansion into premium food offerings will pressure
high concession margins; however, growth in the top line should
grow absolute gross profit dollars in this segment.

AMC Entertainment Holdings Inc. (AMCH) instituted a quarterly
dividend of $19.6 million ($78 million for the full year), with the
first dividend paid in 2Q14.)  For the LTM period, AMCH paid $78.6
million in dividends.  In conjunction with elevated capital
expenditures relative to historical periods, the dividend will
pressure FCF.  Fitch has modeled capital expenditure spending of
approximately $255 million to $275 million in 2016 and 2017.  As a
result, Fitch expects FCF will range from zero to positive
$50 million over the next two years.  LTM FCF at March 31, 2016,
was $69 million.

Fitch believes that AMC has sufficient liquidity to fund capital
initiatives, make small theater-circuit acquisitions, and cover its
term loan amortization.  Liquidity is supported by cash balances of
$108 million and availability of $75 million on its secured
revolver as of March 31, 2016.

AMC's ratings reflect Fitch's belief that movie exhibition will
continue to be a key promotion window for the movie studios'
biggest/most profitable releases.

According to Box Office Mojo, 2015's box office delivered positive
growth of 7.4% and record-setting box office revenues of $11.1
billion.  Industry fundamentals benefited from a strong slate,
which recorded attendance growth of 4.1% and a 3.2% increase in
average ticket price.  As 2015 was a record year, it will pose a
tough comparison in 2016.  Similar to past years, the 2016 film
slate features many high-profile tentpole films that have a strong
likelihood of box office success, some of which have already proven
to be domestic and international successes including 'Deadpool,'
'Captain America: Civil War' and 'Zootopia.' The releases of
'Finding Dory,' 'Star Trek Beyond,' 'Suicide Squad,' 'Fantastic
Beasts and Where to Find Them,' and 'Rogue One: A Star Wars Story'
headline a strong film slate for the remainder of 2016.  Fitch
believes the film slate will support flat- to low-single-digit
industrywide box office revenue growth.

Fitch believes the investments made by AMC and its peers to improve
the patron's experience are prudent.  While capital expenditure may
be elevated in the near term and high concession margins may be
pressured over the long term, Fitch believes exhibitors will
benefit from delivering an improved value proposition to their
patrons and that the premium food services/offerings will grow
absolute levels of revenue and EBITDA.

In addition, AMC and its peers rely on the quality, quantity, and
timing of movie product, all factors out of management's control.

KEY ASSUMPTIONS

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

   -- Flat- to low-single-digit admissions revenue growth; low-
      single-digit growth in average ticket price;
   -- EBITDA margin expansion;
   -- Capital expenditures are expected to remain elevated in the
      near term as AMC continues to invest in recliner re-seats
      and F&B offerings.  Fitch expects capex of $255 million-
      $270 million (net of landlord contributions) during 2016;
   -- Pro forma unadjusted gross leverage above 4.5x during 2017.

                       RATING SENSITIVITIES

Positive Trigger: Fitch weighs the prospective challenges facing
AMC and its industry peers heavily when considering the long-term
credit rating.  Significant improvements in the operating
environment (sustainable increases in attendance from continued
success of operating initiatives) driving FCF/adjusted debt above
2% and adjusted leverage below 4.5x on a sustainable basis could
have a positive effect on the rating.  In strong box office years,
metrics may be strong in order to provide a cushion for weaker box
office years.

Negative Trigger: Negative rating actions are more likely to
coincide with the company's inability to reduce adjusted leverage
below 6.0x (4.5x on an unadjusted basis) in the 12-18 months
following the acquisition of Odeon & UCI, or the adoption of a more
aggressive financial policy, and/or rent-adjusted interest coverage
declines below 1.5x-1.75x.

In addition, meaningful, operational deterioration that may include
sustained declines in attendance and/or per guest concession
spending or other change in capital allocation that delays the
company's planned leverage reduction may also pressure the
ratings.

LIQUIDITY
AMC's liquidity is supported by $108 million of cash on hand (as of
March 2016) and $75 million availability on its revolving credit
facility, which is sufficient to cover minimal amortization
payments on its term loan.

FULL LIST OF RATING ACTIONS

Fitch has placed these ratings on Rating Watch Negative:

AMC Entertainment Holdings, Inc.
   -- Long-Term IDR 'B+';
   -- Senior secured credit facilities 'BB+/RR1';
   -- Senior subordinated notes 'B-/RR6'.


AMERICAN CONTAINER: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------------
Debtor: American Container, Inc.
        P.O. Box 862
        Olive Branch, MS 38654

Case No.: 16-26399

Chapter 11 Petition Date: July 15, 2016

Court: United States Bankruptcy Court
       Western District of Tennessee (Memphis)

Judge: Hon. Paulette J. Delk

Debtor's Counsel: Russell W. Savory, Esq.
                  BEARD & SAVORY, PLLC
                  119 South Main Street, Suite 500
                  Memphis, TN 38103
                  Tel: (901) 523-1110
                  E-mail: russ@bsavory.com

Total Assets: $2.55 million

Total Liabilities: $4.30 million

The petition was signed by Steve Harris, president.

A copy of the Debtor's list of its 20 largest unsecured creditors
is available for free at http://bankrupt.com/misc/tnwb16-26399.pdf


APEX TOOL: S&P Affirms 'B' CCR & Revises Outlook to Negative
------------------------------------------------------------
S&P Global Ratings said it revised its rating outlook on Apex Tool
Group LLC to negative from stable and affirmed its 'B' corporate
credit rating on the company.

At the same time, S&P affirmed its 'B' issue-level rating on the
company's $1.01 billion senior secured credit facilities
(consisting of a $175 million revolving credit facility and an $835
million term loan), with a '3' recovery rating, indicating our
expectation for meaningful (50%-70%, upper half of range) recovery
in the event of a default.

S&P also affirmed the 'B-' issue-level rating on Apex's
$450 million 7% senior notes, with a '5' recovery rating,
indicating S&P's expectation for modest (10%-30%, lower half of
range) recovery.

"The negative outlook reflects the risk that Apex could fail to
reduce debt leverage below 8x over the next several quarters, which
would be reflective of a lower rating," said S&P Global Ratings
credit analyst Kimberly Garen.  "While we expect credit measures
will improve to below 7x in 2016, we expect the company will remain
highly leveraged, with debt to EBITDA of greater than 5x and FFO to
debt of below 12%."

A downgrade is likely within the next 12 months if Apex has
weaker-than-expected end-market demand, fails to improve EBITDA
margins above 2015 levels, or loses one of its major customers,
such that total leverage remains above 8x, or if liquidity
materially lessens. This could occur if 2016 sales growth is flat
with no improvement in EBITDA margins.  In addition, S&P's rating
incorporates the potential for credit measures to weaken even
further given financial sponsor ownership considerations.

An upgrade is unlikely within the next 12 months given S&P's
expectation that leverage will remain high and that the company is
owned by a private equity firm.  S&P could raise its rating on Apex
if the company's sales and EBITDA grow more quickly than S&P
expects, with the resulting cash used to reduce debt, resulting in
debt leverage sustained well below 5x and FFO to debt above 12% and
if S&P gained confidence that the company's owner is committed to
maintaining a more conservative financial risk profile.


ARMCO METALS: Halts Operations, To Delist Common Shares From NYSE
-----------------------------------------------------------------
Armco Metals Holdings, Inc. (the "Company" or "Armco") has provided
formal notification to the NYSE MKT that it is voluntarily
delisting its common stock from the Exchange and will transfer
trading of its common stock to the OTCBB/Pink Sheets.  As disclosed
in the Company's Current Report on Form 8-K filed on July 12, 2016,
the Company has chosen to delist as it no longer satisfies minimum
Exchange listing requirements.  In addition, due to action by
creditors and the PRC government, Armco has ceased all active
operations except trading operation, is not able to satisfy all its
obligations in the ordinary course, and expects to fully impair
substantially all of its assets as part of its review of its
financial position and circumstances.

                  About Armco Metals Holdings

Armco Metals Holdings, Inc. -- http://www.armcometals.com/-- is
engaged in the sale and distribution of metal ore and non-ferrous
metals, wood, and barley throughout China and is in the recycling
business in China.  Armco Metals' customers include some of the
fastest growing steel producing mills and foundries throughout
China.  Raw materials are acquired from a global group of suppliers
located in various countries, including, but not limited to,
Brazil, India, Indonesia, Ukraine and the United States.  Armco
Metals' product lines include ferrous and non-ferrous ore, iron
ore, chrome ore, nickel ore, magnesium, copper ore, manganese ore,
steel billet, recycled scrap metals, raw wood and barley.


ASTROTURF LLC: Committee Taps Morris Manning as Legal Counsel
-------------------------------------------------------------
The official committee of unsecured creditors of AstroTurf, LLC
seeks approval from the U.S. Bankruptcy Court for the Northern
District of Georgia to hire Morris, Manning & Martin, LLP as its
legal counsel.

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

     (a) advise the committee with respect to its rights, duties
         and powers;

     (b) assist the committee in its consultations with the
         Debtor;

     (c) assist the committee in analyzing the claims of creditors

         and the Debtor's capital structure, and in negotiating
         with holders of claims and equity interests;

     (d) advise the committee as to its communications with and
         duties to the body of general unsecured creditors;

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

     (f) prepare pleadings and motions, and conduct examinations;

     (g) investigate, analyze and take actions in connection with
         the Debtor's proposed disposition of assets and debtor-
         in-possession financing; and

     (h) investigate, analyze and take actions, if required, to
         recover assets of the estate.

The firm's professionals and their hourly rates are:

     Frank W. DeBorde      Partner      $450
     Lisa Wolgast          Partner      $395
     David Cranshaw        Partner      $450
     John Fry              Partner      $495
     Robert Reardon        Partner      $485
     Chad Sharkey          Of Counsel   $295
     John Northup          Associate    $295
     David Mayo            Associate    $295
     Ben Warlick           Associate    $350

Mr. DeBorde 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:

     Frank W. DeBorde, Esq.
     Morris, Manning & Martin, LLP
     3343 Peachtree Road, N.E.
     1600 Atlanta Financial Center
     Atlanta, Georgia 30326
     Phone: 404-233-7000
            800-849-0970
     Fax: 404-365-9532

                       About AstroTurf LLC

AstroTurf, LLC sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. N. D. Ga. Case No. 16-41504) on June 28, 2016.  The
petition was signed by Sean M. Harding, chief restructuring
officer.  

The case is assigned to Judge Paul W. Bonapfel.  The Debtor is
represented by Paul K. Ferdinands, Esq., at King & Spalding LLP.

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


ASTROTURF LLC: Taps Bejin Bieneman as Counsel in FieldTurf Case
---------------------------------------------------------------
AstroTurf, LLC seeks approval from the U.S. Bankruptcy Court for
the Northern District of Georgia to hire Bejin Bieneman PLC.

The Debtor tapped the firm to serve as its special counsel in
connection with pre-trial matters related to a civil case for
patent infringement brought by FieldTurf USA, Inc. and FieldTurf
Tarkett, Inc.  The Debtor is a defendant to the case.

The firm's professionals and their hourly rates are:

     Partners            $310 - $450
     Counsel             $275 - $400
     Associates          $160 - $325
     Paraprofessionals   $120

Thomas Bejin, Esq., at Bejin Bieneman, disclosed in a court filing
that the firm does not hold or represent any interest adverse to
the Debtor.

The firm can be reached through:

     Thomas Bejin, Esq.
     Bejin Bieneman PLC
     300 River Place, Suite 1650
     Detroit, MI 48207
     Phone: 313-528-4882
     Fax: 313-528-6923
     Email: info@b2iplaw.com

                       About AstroTurf LLC

AstroTurf, LLC sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. N. D. Ga. Case No. 16-41504) on June 28, 2016.  The
petition was signed by Sean M. Harding, chief restructuring
officer.  

The case is assigned to Judge Paul W. Bonapfel.  The Debtor is
represented by Paul K. Ferdinands, Esq., at King & Spalding LLP.

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


ASTROTURF LLC: Taps Manion Gaynor as Counsel in FieldTurf Case
--------------------------------------------------------------
AstroTurf, LLC seeks approval from the U.S. Bankruptcy Court for
the Northern District of Georgia to hire Manion Gaynor & Manning
LLP as its special counsel.

The Debtor tapped the firm to serve as lead trial counsel in the
trial of a civil case for patent infringement brought by FieldTurf
USA, Inc. and FieldTurf Tarkett, Inc.  The Debtor is a defendant to
the case.

The firm's professionals and their hourly rates are:

     Partners             $475 - $650
     Counsel              $350 - $425
     Associates           $275 - $375
     Paraprofessionals    $125

Martin Gaynor, III, Esq., a partner at Manion Gaynor, will have the
primary responsibility for overseeing all work for the Debtor.  He
will receive $475 per hour.

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

The firm can be reached through:

     Martin F. Gaynor III, Esq.
     Manion Gaynor & Manning LLP
     125 High Street, 6th Floor
     Oliver Street Tower
     Boston, MA 02110
     Direct: 617-670-8800
     Fax: 617-670-8801
     Email: mgaynor@mgmlaw.com

                       About AstroTurf LLC

AstroTurf, LLC sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. N. D. Ga. Case No. 16-41504) on June 28, 2016.  The
petition was signed by Sean M. Harding, chief restructuring
officer.  

The case is assigned to Judge Paul W. Bonapfel.  The Debtor is
represented by Paul K. Ferdinands, Esq., at King & Spalding LLP.

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


ASTROTURF LLC: Taps Wilmer Cutler as Patent Counsel
---------------------------------------------------
AstroTurf, LLC seeks approval from the U.S. Bankruptcy Court for
the Northern District of Georgia to hire Wilmer Cutler Pickering
Hale and Dorr LLP as special counsel.

The firm will advise and represent the Debtor in connection with
post-trial briefing and any appeal related to a civil action for
patent infringement brought by FieldTurf USA, Inc. and FieldTurf
Tarkett, Inc.  The Debtor is a defendant to the case.

The firm's professionals and their hourly rates are:

     Partners             $800 - $1,605
     Counsel              $810 - $970
     Associates           $440 - $840
     Paraprofessionals    $130 - $555

Seth Waxman, Esq., a partner at Wilmer Cutler, disclosed in a court
filing that the firm does not hold or represent any interest
adverse to the Debtor.

The firm can be reached through:

     Seth P. Waxman, Esq.
     Wilmer Cutler Pickering Hale and Dorr LLP
     1875 Pennsylvania Avenue, NW
     Washington, DC 20006
     Phone: +1 202-663-6000
     Fax: +1 202-663-6363

                       About AstroTurf LLC

AstroTurf, LLC sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. N. D. Ga. Case No. 16-41504) on June 28, 2016.  The
petition was signed by Sean M. Harding, chief restructuring
officer.  

The case is assigned to Judge Paul W. Bonapfel.  The Debtor is
represented by Paul K. Ferdinands, Esq., at King & Spalding LLP.

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


ASTROTURF LLC: Wants to Hire Ordinary Course Professionals
----------------------------------------------------------
AstroTurf, LLC., asks the U.S. Bankruptcy Court for the Northern
District of Georgia for permission to employ and compensate
professionals for specific services rendered in the ordinary course
of business.

The Debtor desires to employ the Ordinary Course Professionals to
render services to its estate similar to those services they
provided prior to the Petition Date. These services include
services regarding (i) routine litigation, (ii) tax matters, (iii)
intellectual property, (iv) accounting, and (x) and other corporate
matters.

The Debtor submits that, in light of the costs associated with the
preparation of employment applications for professionals who will
receive relatively small fees, it would be impractical,
inefficient, and unnecessarily costly for the Debtor to submit
individual applications and proposed retention orders for each
professional.

Furthermore, it would not be practical for the Debtor's general
bankruptcy counsel to handle all of the Debtor's legal matters.

The Debtor proposes that it be permitted to pay each Ordinary
Course Professional, without prior application to the Court by such
professional, all of the fees and disbursements owed to such
Ordinary Course Professional, upon the submission to and approval
by the Debtor of an appropriate invoice setting forth in reasonable
detail the nature of the services rendered and disbursements
actually incurred; provided, however, that if any Ordinary Course
Professional's fees and disbursements exceed $30,000 in a
particular month, then the payment to such Ordinary Course
Professional for any amount in excess of $30,000 per month shall be
subject to the prior approval of the Court in accordance with
Sections 330 and 331 of the Bankruptcy Code.

The proposed ordinary course retention and payment procedures set
forth herein will not apply to those professionals for whom the
Debtor has filed separate applications for approval of employment.

The relief requested will save the Debtor the expense of separately
applying for the employment of each professional.

AstroTurf, LLC is represented by:

     Paul K. Ferdinands, Esq.
     Mark. M. Maloney, Esq.
     Jeffrey R. Dutson, Esq.
     Karyn D. Heavenrich, Esq.
     KING & SPALDING LLP
     1180 Peachtree Street
     Atlanta, GA 30309-3521
     Tel: (404) 572-4600
     Fax: (404) 572-5131
     E-mail: pferdinands@kslaw.com
             mmaloney@kslaw.com
             jdutson@kslaw.com
             kheavenrich@kslaw.com

                    About AstroTurf LLC

AstroTurf, LLC sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. N. D. Ga. Case No. 16-41504) on June 28, 2016. The
petition was signed by Sean M. Harding, chief restructuring
officer.

The case is assigned to Judge Paul W. Bonapfel. The Debtor is
represented by Paul K. Ferdinands, Esq., at King & Spalding LLP.

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


AVMED INC: A.M. Best Revises Issuer Credit Rating Outlook to Neg.
-----------------------------------------------------------------
A.M. Best has revised the outlook for the issuer credit rating
(ICR) to negative from stable and affirmed the financial strength
rating (FSR) of B (Fair) and the ICR of "bb+" of AvMed, Inc.
(AvMed) (Miami, FL). The outlook for the FSR remains stable.

The revised outlook reflects further deterioration in AvMed's
absolute capital and a corresponding decrease in its risk-adjusted
capital for year-end 2015. These reductions were driven by a $6
million net loss from growth and higher utilization of Individual &
Family Plan membership (off-Exchange), which selected the richest
(low cost sharing) platinum and gold plans, in addition to a
decrease in unrealized capital gains due to the downturn in the
energy investment sector, and an increase in non-admitted assets
due to planned technology enhancements. Additionally, the company
expects a continued operating loss and a decline in absolute
capital for 2016.

AvMed's management is currently implementing several initiatives to
restore profitability, including: filed premium rate increases for
its Individual & Family Plan and small group businesses for 2017;
an action plan to reduce its operating cost structure; revenue
maximization steps for the ACA Risk Adjustment and Medicare
Advantage programs; a shift toward value-based provider contracts;
and a continued emphasis on managing those members driving the
majority of its medical costs.

Future positive rating action may occur if AvMed reports a
sustained trend of profitable operating results and a trend of
improved risk-adjusted capital. Future negative rating actions
could occur if operating losses continue or risk-adjusted capital
declines further.


BASIC FOOD GROUP: RICO Claims vs Ahne Law, et al., Dismissed
------------------------------------------------------------
In the adversary proceeding captioned Jae Ho Lee, Soyoun Park and
Basic Food Groups, LLC, Plaintiffs, v. Ahne Law, P.C., Samuel Ahne,
Noah Bank, Edwin Shin, Cheol Min Kim, and Aspen Market Place Corp.,
Defendants, Adv. Pro. No. 15-01119 (JLG) (Bankr. S.D.N.Y.), Judge
James L. Garrity, Jr., of the United States Bankruptcy Court for
the Southern District of New York granted the defendants motion to
dismiss the claims under the Racketeer Influenced and Corrupt
Organizations Act for failure to state a claim pursuant to Fed. R.
Civ. P. 12(b)(6) and 9(b).

Jae Ho Lee, his wife, Soyoun Park, and Basic Food Groups LLC
brought the action against Noah Bank, Edward Shin, Ahne Law, P.C,
Samuel Ahne, Cheol Min Kim, and Aspen Market Place Corporation.  
Their Second Amended Complaint alleged seven causes of action,
consisting of (a) two claims under RICO: (i) violation of 18 U.S.C.
section 1962(c) (against all defendants) and (ii) conspiracy to
violate 18 U.S.C. section 1962(c) (against all defendants); and (b)
five state law claims: (i) breach of fiduciary duty (against Samuel
Ahne and Ahne P.C.); (ii) declaratory judgment (against all
defendants); (iii) breach of agreement and implied covenant of good
faith and fair dealing (against all defendants); (iv) fraud in the
inducement (against Kim and Aspen); and (v) fraud in the inducement
(against Shin and Noah).

Judge Garrity dismissed the RICO claims without leave to replead.

A full-text copy of Judge Garrity's July 1, 2016 memorandum
decision is available at https://is.gd/3M9ml8 from Leagle.com.

The bankruptcy case is In re: Basic Food Group, LLC, Chapter 11,
Debtor, Case No. 15-10892 (JLG) (Bankr. S.D.N.Y.).

Jae Ho Lee is represented by:

          Adam Garcia, Esq.
          Sung Jang, Esq.
          Michael S. Kimm, Esq.
          Thomas W. Park, Esq.
          KIMM LAW FIRM
          333 Sylvan Avenue, Suite 106
          Englewood Cliffs, NJ 07632
          Tel: (201)569-2880
          Fax: (201)569-2881
          Email: adam.garcia@kimmlaw.com

Basic Food Groups, LLC is represented by:

          Cheol I. Kim, Esq.
          SULLIVAN, PAPAIN, BLOCK, MCGRATH & CANNA
          8 Grand Cove Way
          Edgewater, NJ 07020-7220
          Tel: (917)647-6634

            -- and --

          Rosemarie E. Matera, Esq.
          KURTZMAN MATERA, PC
          664 Chestnut Ridge Road
          Spring Valley, NY 10977
          Tel: (845) 352-8800
          Fax: (845) 352-8865
          Email: law@kmpclaw.com

Samuel Ahne is represented by:

          Samuel Ahne, Esq.
          1220 Broadway #502
          New York, NY 10001
          Tel: (212)594-1035
          Email: samuelahne@gmail.com

            -- and --

          Robert James Basil, Esq.
          THE BASIL LAW GROUP, P.C.
          1270 Broadway, Suite 305
          New York, NY 10001-3215
          Tel: (917)512-3066
          Email: robertjbasil@rjbasil.com

Noah Bank is represented by:

          Jerry J. Kim, Esq.
          1270 Broadway Room 305
          New York, NY 10001
          Tel: (212)736-3116

Edward Shin is represented by:

          Robert Ho Yo, Esq.
          ROBERT YU LLC
          158 Linwood Plz Ste 211
          Fort Lee, NJ 07024-3704
          Tel: (201)338-7112


BATAA/KIERLAND: 9th Cir. Grants Reversal of Attorneys' Fee Award
----------------------------------------------------------------
The United States Court of Appeals for the Ninth Circuit affirmed
the district court's reversal of the grant of attorneys' fees to
appellants Bataa/Kierland, LLC, Kierland I's related entity,
Bataa/Kierland II, LLC, and Bankers Trust Company.

JPMCC 2007-CIBC 19 East Greenway, LLC, brought an adversary
proceeding against the bankruptcy debtor, Bataa/Kierland, LLC, as
well as Kierland I's related entity, Bataa/Kierland II, LLC, and
Bankers Trust Company, a secured creditor of Kierland II.  The
adversary proceeding involved a dispute over a parking easement
affecting the property of Kierland I and Kierland II, which owns
the lot adjacent to Kierland I's.  Kierland I and Kierland II are
both owed by the same corporate entity, Bataa Oil, a closed
corporation whose sole shareholders at the relevant time were David
and Anne Calvin.

JPMCC, a secured creditor of Kierland I possessing a lien against
Kierland I's property, sought a declaratory judgment that the
easement between Kierland I and Kierland II extended to a parking
garage on Kierland II's property, thus giving Kierland I access to
the garage and consequently protecting the value of JPMCC's
security interest in Kierland I's property. Rather than resolve the
issue in the adversary proceeding, the bankruptcy court addressed
it in its consideration of Kierland I's proposed reorganization
plan in the related Chapter 11 case. In that case, the bankruptcy
court confirmed Kierland I's proposed plan and held that the
easement did not extend to the garage on Kierland II's property
without payment of additional compensation to Kierland II. Based on
this holding, the bankruptcy court subsequently granted summary
judgment for Appellants in the adversary proceeding. Alleging that
they were the successful parties in the adversary proceeding in
which JPMCC sought a declaratory judgment, Appellants then
successfully applied for attorneys' fees under the Arizona
fee-shifting statute, Ariz. Rev. Stat. Ann. Section 12-341.01,
which awards fees to the "successful party" in an action arising
out of a contract.

The appeals case is JPMCC 2007-CIBC 19 EAST GREENWAY, LLC,
Plaintiff-Appellee, v. MAUREEN GAUGHAN, CHAPTER 11 TRUSTEE OF
BATAA/KIERLAND LLC, Debtor-Appellant, BATAA/KIERLAND II, LLC;
BANKERS TRUST COMPANY, Defendants-Appellants, No. 14-16419 (9th
Cir.), relating to In re: BATAA/KIERLAND, LLC, Debtor.

A full-text copy of the Ninth Circuit's July 8, 2016 memorandum is
available at https://is.gd/GpEeMo from Leagle.com.

                       About Bataa/Kierland

Bataa/Kierland, LLC, owns and operates a Class "A" office building
known as Kierland Corporate Center located at 7047 E. Greenway
Parkway, Scottsdale, Arizona.  It filed for Chapter 11 bankruptcy
protection (Bankr. D. Ariz. Case No. 11-05850) on March 9, 2011.
The Debtor estimated its assets and debts at $10 million to $50
million.  The Debtor is represented by:

          Philip R. Rudd, Esq.
          SACKS TIERNEY P.A.
          4250 N. Drinkwater Blvd., 4th Floor
          Scottsdale, AZ 85251-3693
          E-mail: Rudd@SacksTierney.com

The Debtor filed an amended chapter 11 plan in Sept. 2011, the plan
was confirmed by the bankruptcy court in July 2012, but the
confirmation order was overturned in Sept. 2014 by the U.S.
District Court.


BAYOU SHORES: 11th Cir. Flips Confirmation Order on Medicare Deals
------------------------------------------------------------------
The United States Court of Appeals for the Eleventh Circuit
affirmed the district court's order, which upheld the Department of
Health and Human Services Secretary's jurisdictional challenge and
reversed the confirmation order with respect to the assumption of
Bayou Shores SNF, LLC's Medicare and Medicaid provider agreements.

The appeals case is FLORIDA AGENCY FOR HEALTH CARE ADMINISTRATION,
UNITED STATES OF AMERICA, on behalf of the Secretary of the United
States Department of Health and Human Services,
Plaintiffs-Appellees, v. BAYOU SHORES SNF, LLC,
Defendant-Appellant, No. 15-13731 (11th Cir.), relating to In Re:
BAYOU SHORES SNF, LLC, Debtor.

A full-text copy of the Eleventh Circuit's July 11, 2016 ruling is
available at https://is.gd/c9i8Kr from Leagle.com.

Bayou Shores SNF LLC is represented by:

          Tiffany D. Payne, Esq.
          Elizabeth A. Green, Esq.
          SunTrust Center, Suite 2300
          200 South Orange Avenue
          Orlando, FL 32801-3432
          Tel: (407)649-4000
          Fax: (407)841-0168
          Email: tpayne@bakerlaw.com
                 egreene@bakerlaw.com

            -- and --

          Jeffrey T. Kuntz, Esq.
          Frank Terzo, Esq.
          401 East Las Olas Blvd., Suite 1000
          Fort Lauderdale, FL 33301
          Tel: (954)761-8111
          Fax: (954)761-8112
          Email: jeffrey.kuntz@gray-robinson.com
                 frank.terzo@gray-robinson.com

Agency for Health Care Administration is represented by:

          Andrew Taylor Sheeran, Esq.
          790 Penllyn Blue Bell Pike, Suite 303
          Blue Bell, PA 19422-1658
          Tel: (215)542-2105
          Fax: (215)542-2143

            -- and --

          Leslei Gayle Street, Esq.
          2727 Mahan Dr, Bldg 3
          Tallahassee, FL 32308-5407
          Tel: (850)412-3686

            -- and --

          Roberta Josephina Bodnar, Esq.
          35 SE 1st Ave Ste 300
          Ocala, FL 34471-2177
          Tel: (352)547-3600

            -- and --

          Stuart F. Williams, Esq.

            -- and --

          Jeffrey A. Clair, Esq.
          16 Court St., Suite 2901
          Brooklyn, NY 11241
          Tel: (718)596-4466
          Fax: (718)210-4802
          
United States of America is represented by:

          Roberta Josephina Bodnar, Esq.
          35 SE 1st Ave Ste 300
          Ocala, FL 34471-2177
          Tel: (352)547-3600

            -- and --

          Arthur Lee Bentley, III Esq.
          U.S. Attorney's Office
          400 North Tampa Street, Suite 3200
          Tampa, FL 33602

            -- and --

          Christopher J. Emden, Esq.

            -- and --

          Colleen D. Murphy-Davis, Esq.
          Middle District of Florida
          Tampa, FL 33602
          Tel: (813)274-6000
          Fax: (813)274-6103

            -- and --

          Sean Flynn, Esq.

            -- and --

          Jeffrey A. Clair, Esq.
          16 Court St., Suite 2901
          Brooklyn, NY 11241
          Tel: (718)596-4466
          Fax: (718)210-4802

                         About Bayou Shores

Bayou Shores SNF LLC, c/o Rehabilitation Center of St. Petersburg,
filed for Chapter 11 bankruptcy (Bankr. M.D. Fla. Case No.
14-09521) on Aug. 15, 2014, in Tampa.  Elizabeth A Green, Esq., at
Baker & Hostetler LLP, serves as the Debtor's counsel.  In its
petition, the Debtor estimated assets and liabilities of $1 million
to $10 million.  The petition was signed by Tzvi Bogomilsky,
managing member.

The Troubled Company Reporter, on Jan. 13, 2015, reported that the
Rehabilitation Center of St. Petersburg nursing home has emerged
from bankruptcy -- despite protests from Medicare officials --
after a bankruptcy judge agreed it fixed record-keeping and patient
care problems.


BEAZER HOMES: Moody's Affirms B3 Corporate Family Rating
--------------------------------------------------------
Moody's Investors Service upgraded Beazer Homes USA, Inc.'s
Speculative-Grade Liquidity ("SGL") rating to SGL-2 from SGL-3 and
changed the ratings outlook to positive. Concurrently, the
company's B3 Corporate Family Rating and B3-PD Probability of
Default Rating were affirmed. The upgrade of the SGL rating
reflects Beazer's improved liquidity profile driven by projected
positive free cash flow generation and no sizeable maturities over
the next 12 months. The change in the ratings outlook is driven by
Moody's expectation that Beazer will continue to aggressively focus
on rightsizing its balance sheet and maintain a disciplined and
debt-holder friendly financial policy.

The positive ratings outlook reflects the company's conservative,
debt-holder friendly financial policy as reflected in its plan to
significantly reduce debt over the next 12-18 months. Adjusted
homebuilding debt to capitalization, that as of March 31, 2016
stood at 70%, is anticipated to decline below 65% by the end of the
company's fiscal 2017 that ends on September 30, 2017 and from
there trend toward 60%. As a result of balance sheet debt reduction
and expected increase in profitability, homebuilding interest
coverage (defined as homebuilding EBIT to interest incurred) will
continue to improve such that it should exceed 1.8x in FY 2017
versus its current level of 1.1x. Furthermore, the positive outlook
and the upgrade of the SGL rating to SGL-2 from SGL-3 recognizes
that Beazer is one of the first homebuilders to turn free cash flow
positive because of its focus on cost management and margin
improvement. 20 out of 27, or 74%, of the rated homebuilders are
still free cash flow negative as of (or close to) 3/31/2016.
Beazer's free cash flow generation is anticipated to continue and
will be driven primarily by funds from operations (FFO) as the
company has room to expand its gross margin and some room to
improve its SG&A as a percentage of sales. For the Corporate Family
Rating to be upgraded to B2 from B3, Beazer needs to demonstrate
consistent positive financial performance and lower its balance
sheet debt within the next 12 months.

Moody's took the following rating actions on Beazer Homes USA,
Inc.:

Speculative-Grade Liquidity Rating, upgraded to SGL-2 from SGL-3;

Outlook changed to positive from stable;

Corporate Family Rating, affirmed at B3;

Probability of Default Rating, affirmed at B3-PD;

$140 million (face value) senior secured term loan, affirmed at Ba3
(LGD2);

$300 million (face value) 6.625% senior secured notes, affirmed at
Ba3 (LGD2);

$325 million (face value) 5.75% senior unsecured notes, affirmed at
Caa1 (LGD5);

$200 million (face value) 7.25% senior unsecured notes, affirmed at
Caa1 (LGD5);

$200 million (face value) 7.5% senior unsecured notes, affirmed at
Caa1 (LGD5);

$250 million (face value) 9.125% senior unsecured notes, affirmed
at Caa1 (LGD5).

RATINGS RATIONALE

The B3 Corporate Family Rating (CFR) considers Beazer's
historically high homebuilding debt to capitalization ratio (70% at
March 31, 2016), weak homebuilding interest coverage (1.1x for TTM
ended March 31, 2016), and lower gross margins (17.2% for TTM ended
March 31, 2016) when compared to many of its peers. Moody's expects
gross margins will remain under pressure in fiscal 2016 relative to
the prior year due to higher restart costs from the activation of
land previously held for development. Also, in order to
successfully refinance its 2016 maturity, Beazer increased
speculative home sales, which are generally associated with lower
margins. However, pressures on margins are expected to subside in
2017 and 2018 as speculative home sales decrease and the newly
activated land parcels begin to generate more normalized margins,
bringing gross margin above 17.5%.

Moody's said, "However, the B3 CFR and positive outlook take into
consideration the expected improvement in the aforementioned
homebuilding credit metrics as Beazer executes on its plan to
aggressively reduce debt and achieves its 2B-10 plan goals. Moody's
expects that Beazer will pay down over $200 million in debt through
the end of fiscal 2018 through mandatory amortization of its term
loan and voluntary purchases of its senior notes. As a result, by
the end of 2018 homebuilding debt to book capitalization will be
below 62% and homebuilding EBIT interest coverage will surpass
2.0x. Additionally, the B3 CFR considers Beazer's nationally
diversified geographic footprint and large size. As part of the
ongoing fulfillment of its 2B-10 plan, we project Beazer to exceed
$2 billion in annualized revenues in the next 18 months. The CFR is
further supported by the continued recovery in the housing
market."

The Speculative-Grade Liquidity (SGL) Rating of SGL-2 reflects
Beazer's good liquidity profile and takes into consideration
internal liquidity, external liquidity, covenant compliance, and
alternate liquidity. Internal liquidity is supported by $135
million of cash on hand at March 31, 2016 and Moody's expectation
that the company will generate over $200 million of positive free
cash flow in 2016. External liquidity is bolstered by a $145
million secured revolving credit facility due in January of 2018
that had no advances outstanding and $116 million of availability
at March 31, 2016 after considering letters of credit. The company
is subject to several covenants as part of its credit facility, but
Moody's expects the company to maintain comfortable headroom under
each in 2016. While some of Beazer's debt is secured, its inventory
of approximately $1.8 billion at March 31, 2016 indicates that
alternative sources of liquidity are available through land sales.

The positive rating outlook reflects Moody's expectation that
Beazer's key credit metrics will improve over the next 12 to 18
months as it aggressively continues to reduce debt and executes on
its 2B-10 plan. For the Corporate Family Rating to be upgraded to
B2 from B3, Beazer needs to demonstrate consistent positive
financial performance and lower its debt over the next 12 months.

The ratings could be upgraded if Beazer's homebuilding debt to
capitalization ratio trends towards 60% on a projected basis and
its homebuilding interest coverage (defined as homebuilding EBIT to
interest incurred) trends towards 2.0x on a projected basis while
maintaining good liquidity and continuing to be profitable.

The ratings could be downgraded if Beazer's homebuilding debt to
capitalization exceeds 70% for an extended period of time and
homebuilding interest coverage (defined as homebuilding EBIT to
interest incurred) declines below 1.0x. The ratings could also be
downgraded if liquidity deteriorates.

Headquartered in Atlanta, Georgia, Beazer Homes USA, Inc. has a
presence in 15 states across three geographic regions and targets
entry-level, move-up and retirement-oriented home buyers. Total
revenues and consolidated net income from continuing operations for
the last twelve month period ended March 31, 2016 were
approximately $1.8 billion and $365 million, respectively.


BEEKMAN LIQUORS: Hires Mehler & Buscemi as Special Counsel
----------------------------------------------------------
Beekman Liquors, Inc. seeks approval from the U.S. Bankruptcy Court
for the Southern District of New York to employ Mehler & Buscemi as
special counsel, nunc pro tunc to June 17, 2016

The Debtor seeks to retain Mehler & Buscemi as special counsel
because of Martin Mehler's extensive experience in representing
clients in matters involving the New York State Liquor Authority.
The Debtor intends to sell its business, and the sale of a liquor
store will require the counsel of an attorney experienced in
transactions involving SLA regulations.  Mr. Mehler will work only
on matters that are necessary to facilitate the sale of the
Debtor's business with regard to SLA compliance.

Mr. Mehler has agreed to be retained by the Debtor with no retainer
fee to be paid "upront". Mr. Mehler's billing rate is $500 per
hour.

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

Martin P. Mehler, partner of Mehler & Buscemi, 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.

Mehler & Buscemi can be reached at:

       Martin P. Mehler, Esq.
       MEHLER & BUSCEMI
       305 Broadway, Suite 1102
       New York, NY 10007
       Tel: (212) 962-0204

                     About Beekman Liquors

Beekman Liquors, Inc. sought protection under Chapter 11 of the
Bankruptcy Code in the Southern District of New York (Manhattan)
(Case No. 16-11370) on May 13, 2016.   The petition was signed by
David Frieser, president.  The case is assigned to Judge Martin
Glenn.  The Debtor estimated assets of $500,000 to $1 million and
debts of $1 million to $10 million.


BLACKMAN COMMUNITY: Wants Exclusivity Period Extended to 180 Days
-----------------------------------------------------------------
Blackman Community Water System, Inc., asks the U.S. Bankruptcy
Court for the Northern District of Florida to extend the
exclusivity period to 180 days after the date an order is entered
on the Debtor's request.

The counsel for the Debtor and the counsel for the United States
Department of Agriculture/Rural Development, the Debtor's largest
creditor, have been in communication regarding refinancing options
for the Debtor; however, the discussion are ongoing.

The Counsel for the Debtor has been advised that a new attorney
will be making his appearance on behalf of USDA/Rural and further
communications regarding the Debtor should be directed to new
counsel; accordingly, additional time for refinance discussions
will be necessary.

Since the Debtor is a community water system served by a voluntary
Board of Directors some of whom have other full-time jobs,
additional time is necessary for the voluntary Board members to
have adequate opportunities to meet and discuss reorganization and
refinancing opportunities.

The Counsel can be reached at:

     Ashley B. Rogers, Esq.
     Chesser & Barr, P.A.
     398 N. Main Street, Suite B
     Crestview, FL 32536
     Tel: (850) 683-9945
     Fax: (850) 398-6911

                    About Blackman Community

On Jan. 15, 2016, Blackman Community Water System Inc. filed a
Chapter 11 petition (Case No. 16-30031) in the U.S. Bankruptcy
Court for the Northern District of Florida (Pensacola).  The
petition was signed by Randall Ward, president.

The Debtor has tapped Chesser & Barr P.A. as its legal counsel.

The Debtor estimated assets of $5.32 million and debts of $1.96
million.


BOART LONGYEAR: S&P Revises Outlook to Stable & Affirms 'CCC+' CCR
------------------------------------------------------------------
S&P Global Ratings said it revised its rating outlook on Boart
Longyear Ltd. to stable from negative and affirmed its 'CCC+'
corporate credit rating on the company.

S&P also affirmed its 'B' issue-level rating on the company's
senior secured notes due 2018, with a recovery rating of '1',
indicating S&P's expectation for very high (90% to 100%) recovery
in the event of payment default.  At the same time, S&P affirmed
its 'CCC+' issue-level rating on the company's senior unsecured
notes due 2021, with a recovery rating of '4', indicating S&P's
expectation for average (lower half of the 30% to 50% range)
recovery in the event of payment default.

"The stable outlook reflects our view that Boart Longyear's EBITDA
will remain low, about $20 million to $30 million in 2016,
increasing to $35 million to $45 million in 2017, and its leverage
very high, above 30x in 2016, decreasing to about 20x in 2017,
because stubbornly weak prices for many metals have depressed
investment by mining companies," said S&P Global Ratings credit
analyst Patricia Mendonca.  "It also reflects our view that the
company will maintain adequate liquidity over this period."

S&P could lower its ratings if conditions worsen and the company
experiences significant cash burn over the next 12 months, finding
itself in the position of having to fund operating losses and debt
services with available cash and ABL borrowings.  As a result, S&P
would likely consider liquidity to be less than adequate, which
would weigh negatively on the rating and outlook.

An upgrade is unlikely over the next 12 months given S&P's
expectation that although metal prices have been improving since
the beginning of the year, it will take the mining companies an
additional six to 12 months to start committing capital to
exploration and development projects.  S&P could raise its ratings,
though, if leverage comes down to below 10x and EBITDA interest
coverage is at least 1.25x for a sustained period.


BOWERS INVESTMENT: Court Converts Bankruptcy Case to Chap. 7
------------------------------------------------------------
Judge Gary Spraker of the United States Bankruptcy Court for the
District of Alaska found cause exists under 11 U.S.C. section
1112(b)(4)(A), (D) and (F) to convert the chapter 11 case captioned
In re: BOWERS INVESTMENT COMPANY, LLC, Chapter 11, Debtor, Case No.
F16-00136-GS (Bankr. D. Alaska), to one under chapter 7 of the
Bankruptcy Code.

A full-text copy of Judge Spraker's July 7, 2016 memorandum is
available at https://is.gd/ybruJl from Leagle.com.

Bowers Investment Company, LLC is represented by:

          H. Frank Cahill
          LAW OFFICES OF H. FRANK CAHILL
          880 N Street, Suite 203
          Anchorage, AK 99501
          Tel: (907)222-4905
          Fax: (907)274-8201

Office of the U.S. Trustee, U.S. Trustee, is represented by:

          Thomas A. Buford, III, Esq.
          OFFICE OF THE UNITED STATES TRUSTEE
          700 Stewart Street, Suite 5103
          Seattle, WA 98101
          Tel: (206)553-2000
          Fax: (206)553-2566


CAPE COD COMMERCIAL: Hires Appraisal Company as Appraiser
---------------------------------------------------------
Cape Cod Commercial Linen Service, Inc., et al., seek authority
from the U.S. Bankruptcy Court for the District of Massachusetts to
employ Mike Sutton and Appraisal Company of Cape Cod, Inc., as real
estate appraiser.

Cape Cod Commercial requires Appraisal Company to obtain a
valuation of the Attucks Facility located at 880 Attucks Lane,
Hyannis, MA, to be used in connection with preparing the Chapter 11
Plan and Disclosure Statement.

Appraisal Company will be paid at a one-time flat rate fee of
$4,000.00. Appraisal Company will be paid $2,000.00 up front, and
the remaining $2,000.00 upon delivery of the appraisal report.

Mike Sutton, member of Appraisal Company, 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.

Appraisal Company can be reached at:

     Mike Sutton
     APPRAISAL COMPANY OF CAPE COD, INC.
     170 Route 6A
     Orleans, MA 02653
     Tel: (508) 255-8822
     E-mail: mikesutton@capecodappraiser.com

                    About Cape Cod Commercial

Cape Cod Commercial Linen Service, Inc., based in Hyannis,
Massachusetts, filed a Chapter 11 petition (Bankr. D. Mass. Case
No. 16-11811) on May 13, 2016.  Hon. Joan N. Feeney presides over
the case.  David B. Madoff, Esq., and Steffani Pelton Nicholson,
Esq., at Madoff & Khoury LLP, serves as counsel to Cape Code
Commercial. The Debtor's financial advisor is Bruce A. Erickson of
B. Erickson Group, LLC.  In its petition, the Debtor listed total
assets of $1.24 million and liabilities of $4.62 million. The
petition was signed by Jeffrey Ehart, president.

This Is It, LLC, based in Hyannis, Mass., filed a Chapter 11
petition (Bankr. D. Mass. Case No. 16-11813) on May 13, 2016. Hon.
Joan N. Feeney presides over the case. This Is It tapped David B.
Madoff, Esq., and Steffani Pelton Nicholson, Esq., at Madoff &
Khoury LLP, as bankruptcy counsel. In its petition, This Is It
listed $2.20 million in assets and $3.05 million in liabilities.
The petition was signed by Jeffrey Ehart, president/manager.

This Is It and CCCLS have asked the Court to have their Chapter 11
cases jointly administered.


CARLSTAR GROUP: Moody's Lowers CFR to B3, Outlook Stable
--------------------------------------------------------
Moody's Investors Service downgraded Carlstar Group LLC's Corporate
Family Rating to B3 from B1 and Probability of Default Rating (PDR)
to B3-PD from B1-PD.  Concurrently, Moody's downgraded the senior
secured notes rating to Caa1 from B2.  The rating outlook is
stable.

The rating downgrade reflects Moody's expectation that earnings
will significantly deteriorate through 2016 and that Moody's
adjusted debt to EBITDA will increase to around 9 times by year end
2016.  Moody's believes operating performance will remain
challenged as the company works through an inventory glut and
demand in key end markets, like Agriculture, remains weak.

Despite very high leverage and weak interest expense coverage,
Carlstar's good liquidity profile gives Moody's some comfort.  The
company's inventory reduction plan should result in solid near term
free cash flow, which further supports liquidity provided by cash
of $57 million at March 31, 2016, full availability under the $100
million ABL revolver and a favorable maturity profile.

Ratings Downgraded:

  Corporate Family Rating, Downgraded to B3 from B1

  Probability of Default Rating, Downgraded to B3-PD from B1-PD

  $250 Million Senior Secured Notes due 2019, Downgraded to Caa1
   (LGD4) from B2 (LGD4)

Outlook Action:
  Outlook, Revised to Stable from Negative

                        RATINGS RATIONALE

Carlstar's B3 Corporate Family Rating reflects the company's
significant earnings pressure and very high leverage.  Furthermore,
the rating is limited by the company's sole focus on specialty
tires and wheels, exposure to deeply cyclical end markets, regional
concentration in North America, and meaningful exposure to volatile
raw material cost inputs.  However, the rating is supported by the
company's strong brand reputation, favorable end market
diversification and good liquidity profile. Moody's expects that
when the company's end markets improve, the company's credit
metrics will rapidly strengthen to a level more appropriate for the
B3 rating.

The stable outlook reflects Moody's belief that Carlstar's high
leverage and significant end market pressures are somewhat offset
by the company's good liquidity profile, as there is sufficient
ability to meet all capital needs in the forecast period.

For a rating upgrade, Moody's would need to see material revenue
and earnings growth.  Specifically, debt to EBITDA would have to be
sustained below 6 times and EBITA to interest expense above 1
time.

The ratings will be downgraded if earnings deteriorate beyond
Moody's current expectations or if free cash flow is negative for a
prolonged period.

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

Carlstar is a leading global supplier of specialty tires and wheels
for non-automotive applications (tires and wheels for riding lawn
mowers, golf carts, farm equipment, boat/cargo/utility trailers,
ATV's, etc.).  The company had revenue of $584 million for the
twelve months ended March 31, 2016.  Carlstar is privately owned by
American Industrial Partners.


CC LLC: Seeks to Hire Burr Forman as Special Counsel
----------------------------------------------------
CC LLC seeks approval from the U.S. Bankruptcy Court for the Middle
District of Florida to hire Burr Forman, LLP as its special
counsel.

The firm will assist the Debtor in formulating a condominium
reversion or termination plan, and in seeking confirmation of a
plan of reorganization.

Jesse Graham Jr., Esq., at Burr Forman, disclosed in a court filing
that the firm does not represent any interest adverse to the
Debtor's estate.

The firm can be reached through:

     Jesse E. Graham Jr., Esq.
     Burr Forman, LLP
     One Tampa City Center, Suite 3200
     201 North Franklin Street
     Tampa, FL 33602
     Phone: (813) 221-2626
     Fax: (813) 221-7335

The Debtor can be reached through its counsel:

     Bernard J. Morse, Esq.
     Mary A. Joyner, Esq.
     Morse Law Firm, P.A.
     P.O. Box 6537
     Brandon, FL 33508
     Telephone: (813) 341-8400
     Facsimile: (813) 463-1807
     Email: bmorse@morselawyers.com
     Email: mjoyner@morselawyers.com

                           About CC LLC

CC, LLC, doing business as Baymont Inn Suites, Orlando, filed a
Chapter 11 petition (Bankr. M.D. Fla. Case No. 12-03886) on March
16, 2012.  The petition was signed by Kenneth W. Franklin, Jr.,
managing member.  

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.


CENTRAL BEEF IND: Wants Exclusive Plan Filing Extended to Aug. 19
-----------------------------------------------------------------
Central Beef Ind., LLC, et al., ask the U.S. Bankruptcy Court for
the Middle District of Florida to extend by 30 days to Aug. 19,
2016, the Debtors' exclusive period to file a plan of
reorganization.  The Debtors also request that the Court extend the
180-day period until the conclusion of the hearing on
confirmation.

The Debtors submit that allowing an additional 30 days to complete
and finalize the Plan will not prejudice creditors and will
continue to facilitate greater confidence in the terms of proposed
creditor treatment to be set forth in the Plan of Reorganization.

Although the Debtors have diligently been working toward
formulation of their Plan, which is expected to contemplate a sale
of substantially all of their remaining tangible assets and
business operations, the Debtors require up to an additional 30
days to complete and finalize the Plan as they contemporaneously
finalize a sale contract.  Although the Debtors expect to file the
Plan well in advance of the expiration of the 30-day extension, out
of an abundance of caution the Debtors request an extension of the
Plan Deadline to Aug. 19.

After the Petition Date, the Debtors' management and advisers
devoted substantial time and effort dealing with initial issues in
the Chapter 11 filing.  The Debtors' management and advisers have
diligently been working to locate a purchaser for the Debtors'
assets.  The nature of the Debtors' business has required a lengthy
due diligence process for prospective buyers.  The Debtors believe
that they are in the final stages of finalizing a sale contract.
The Debtors expect to file a motion to sell the their assets
pursuant to Section 363 of the U.S. Bankruptcy Code, along with a
Chapter 11 liquidating plan, prior to the extended deadline
requested of Aug.

The Debtor's counsel can be reached at:

     Harley E. Riedel, Esq.
     Matthew B. Hale, Esq.
     Stichter Riedel Blain & Postler, P.A.
     110 East Madison Street, Suite 200
     Tampa, Florida 33602
     Tel: (813) 229-0144
     Fax: (813) 229-1811
     E-mail: hriedel@srbp.com
             mhale@srbp.com

                        About Central Beef

Central Beef Ind., LLC, 5C of Central Florida, LLLP and CBI
Management/Administration, LLC, engaged in the business of
purchasing cattle and beef production, each filed a Chapter 11
bankruptcy petition (Bankr. M.D. Fla. Case Nos. 16-02366, 16-02368
and 16-02370, respectively) on March 21, 2016.  Ida Raye Chernin
signed the petitions as manager.  Stichter, Riedel, Blain & Poster,
P.A., represents the Debtors as counsel.

Judge Catherine Peek McEwen has been assigned the cases.

The Office of the U.S. Trustee disclosed in a court filing that no
official committee of unsecured creditors has been appointed in the
Debtors' cases.


CENTURY CASUALTY: A.M. Best Withdraws B(Fair) Fin. Strength Rating
------------------------------------------------------------------
A.M. Best has affirmed the financial strength rating (FSR) of B
(Fair) and the issuer credit rating (ICR) of "bb+" of Century
Casualty Company (Century Casualty) (Alpharetta, GA). The outlook
for the FSR remains stable, while the outlook for the ICR remains
negative. Concurrently, A.M. Best has withdrawn the ratings as the
company has requested to no longer participate in A.M. Best's
interactive rating process.

The ratings reflect deterioration of Century Casualty's
underwriting results, with underwriting and operating losses
reported in 2013 through 2015. The weakness in underwriting
performance has primarily stemmed from hotel/motel and convenience
store accounts written in 2013 and 2014, as well as management's
decision to strengthen case reserves on several accounts within the
discontinued 40% quota share with Occidental Fire & Casualty
Company of North Carolina (Occidental). Century Casualty currently
participates in a 15% quota share with Occidental, effective Sept.
1, 2014. As a result of the operating losses, Century Casualty's
policyholders' surplus has declined in recent years. Still, Century
Casualty maintains adequate risk-adjusted capitalization driven by
low underwriting leverage and a conservative investment portfolio.

The negative outlook for the ICR reflects A.M. Best's expectation
of moderate underwriting losses in the near term and challenges the
company faces to improve underwriting results.


COHERENT INC: S&P Assigns 'BB' CCR, Outlook Stable
--------------------------------------------------
S&P Global Ratings Services assigned its 'BB' corporate credit
rating to Santa Clara, Calif.-based Coherent Inc.  The outlook is
stable.

At the same time, S&P assigned a 'BB' issue-level rating and '3'
recovery rating to the company's proposed $100 million senior
secured revolving credit facility due 2021 and $750 million senior
secured term loan due 2023.

The '3' recovery rating on the term loan indicates S&P's
expectation for meaningful (50% to 70%; higher end of the range)
recovery of principal in the event of payment default.

"The corporate credit rating on Coherent is based on our view of
such factors as the company's position as a diversified provider of
laser solutions, with improved scale after the Rofin acquisition,
as well as growth opportunities in OLED displays and fiber lasers,"
said S&P Global Ratings credit analyst Minesh Shilotri.

The stable outlook incorporates S&P's view that Coherent will
successfully integrate the Rofin acquisition and deliver consistent
operating performance while generating free cash flow of around $80
million or better annually.


CONCO INC: Bankruptcy Court's Stock Sale Ruling Affirmed
--------------------------------------------------------
Judge Joseph H. McKinley of the United States District Court for
the Western District of Kentucky, Louisville Division, affirmed the
February 18, 2016 decision of the bankruptcy court and denied the
appellants' motion to expedite the appeal in the case captioned TOM
HARPER, SANDRA KRUMMA, PEGGY SUE LEAKE, SAMUEL ZANE LEAKE, JON
SOUDER, CONCO ACQUIREMENT LLC, and DELFASCO LLC, Appellants, v.
CONCO ESOP TRUSTEES, OVERSIGHT COMMITTEE, THE ARMY, and CONCO,
INC., Appellees, Civil Action No. 3:16-CV-00125-JHM (W.D. Ky.).

The appeal concerns the memorandum-opinion and order issued on
February 18, 2016 by the United States Bankruptcy Court for the
Western District of Kentucky in the Chapter 11 bankruptcy case In
re Conco, Inc., No. 12-34933-jal (Bankr. W.D. Ky.), in which the
bankruptcy court interpreted Appellee-Debtor Conco Inc.'s confirmed
plan to prohibit the sale of the ESOP-held Conco stock from being
sold or transferred until January 1, 2019 and enjoined any such
sale until that time.

A full-text copy of Judge McKinley's July 7, 2016 memorandum
opinion and order is available at https://is.gd/cWIxMI from
Leagle.com.

Tom Harper, Sandra Krumma, Peggy Sue Leake, Samuel Zane Leake, Jon
Souder are represented by:

          Casey L. Hinkle, Esq.
          David S. Kaplan, Esq.
          KAPLAN & PARTNERS, LLP
          710 West Main Street, 4th Floor
          Louisville, KY 40202
          Tel: (502)416-1630
          Email: chinkle@kplouisville.com
                 dkaplan@kplouisville.com

            -- and --

          David S. Preminger, Esq.
          KELLER ROHRBACK LLP
          1140 Avenue of the Americas, Ninth Floor
          New York, NY 10036
          Tel: (646)380-6690
          Fax: (646)380-6692
          Email: dpreminger@kellerrohrback.com

Conco Acquirement LLC, Delfasco LLC is represented by:

          Cory J. Skolnick, Esq.
          Edward M. King, Esq.
          John S. Egan, Esq.
          FROST BROWNN TODD LLC
          400 West Market Street, Suite 3200
          Louisville, KY 40202-3363
          Tel: (502)589-5400
          Fax: (502)581-1087

            -- and --

          Gilbert Backenroth, Esq.
          Jeffrey Zawadzki, Esq.
          HAHN & HESSEN LLP
          488 Madison Avenue
          New York, NY 10022
          Tel: (212)478-7200
          Fax: (212)478-7400
          Email: gbackenroth@hahnhessen.com
                 jzawadzki@hahnhessen.com

Conco ESOP Trustees is represented by:

          Lea Pauley Goff, Esq.
          P. Douglas Barr, Esq.
          STOLL KEENON OGDEN PLLC
          300 West Vine Street, Suite 2100
          Lexington, KY 40507-1801
          Tel: (859)231-3000
          Fax: (859)253-1093

Oversight Committee is represented by:

          Claude R. Bowles, Jr., Esq.
          James R. Irving, Esq.
          John W. Ames, Esq.
          BINGHAM GREENEBAUM DOLL LLP
          3500 National City Tower
          101 South Fifth Street
          Louisville, KY 40202
          Tel: (502)589-4200
          Email: cbowles@bgdlegal.com
                 jirving@bgdlegal.com
                 james@bgdlegal.com

The Army is represented by:

          Elizabeth H. Parks, Esq.
          U.S. ATTORNEY OFFICE
          717 W Broadway
          Louisville, KY 40202-2215
          Tel: (502)582-5911

Conco Inc is represented by:

          Glenn A. Cohen, Esq.
          Keith J. Larson, Esq.
          Neil Charles Bordy, Esq.
          SEILLER WATERMAN LLC
          2200 Meidinger Tower
          462 S. 4th Street
          Louisville, KY 40202
          Tel: (502) 584-7400
          E-mail: bordy@derbycitylaw.com  


CORE RESOURCE: U.S. Trustee Forms 3-Member Committee
----------------------------------------------------
The Office of the U.S. Trustee on July 15 appointed three creditors
of Core Resources Management, Inc. to serve on the official
committee of unsecured creditors.

The committee members are:

     (1) Mary Ann Kestner
         325 Ladera Street, Unit 1
         Santa Barbara, CA 93101
         Phone: (805) 729-4646
         Fax: none
         Email: maryannkestner@yahoo.com

     (2) Anita J. Harlan
         501 South Roanoke
         Mesa, AZ 85206
         Phone: (319) 671-0614
         Fax: none
         Email: jimharlan7@gmail.com

     (3) John Leggart
         4039 East Sunnyside Drive
         Phoenix, AZ 85028
         Phone: (602) 705-9440
         Fax: none
         Email: jrlegg@aol.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 Core Resources

Core Resources Management, Inc. sought protection under Chapter 11
of the Bankruptcy Code (Bankr. D. Ariz. Case No. 16-06712) on June
13, 2016.  The petition was signed by Dennis Miller, chief
operating officer.  

The case is assigned to Judge Brenda K. Martin.

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


COSHOCTON HOSPITAL: Asks Court to Approve $10M DIP Financing
------------------------------------------------------------
Coshocton County Memorial Hospital Association is asking permission
from the Bankruptcy Court to obtain debtor-in-possession financing
from Prime Healthcare Foundation, Inc., as lender, and use cash
collateral of JPMorgan Chase Bank, N.A., TFG-Ohio, L.P., The Home
Loan Savings Bank and Amerisource Bergen Corporation, their
pre-petition secured lenders.

In a motion filed with the Court, Sean D. Malloy, Esq., McDonald
Hopkins LLC, one of the Debtor's attorneys, said "The Debtor's
ability to secure financing pursuant to the DIP Loan Agreement is
critical to the Debtor's road to recovery."  He continued, "It will
provide ample liquidity to fund the hospital through a sale process
and is reasonable both in cost and in protections offered to the
Debtor's constituents."

On June 30, 2016, the Debtor and Prime Healthcare Foundation, Inc.
and Prime Healthcare Foundation-Coshocton have entered into an
Asset Sale Agreement pursuant to which Prime Healthcare has agreed
to purchase substantially all of the assets of the Debtor as the
stalking horse bidder.  Before the sale may close, however, the
proposed financing offered by the DIP Lender will give the Debtor
adequate financing and flexibility to properly undertake the
restructuring of its business and seek the best strategic partner
through a court supervised Chapter 11 sale process.

The DIP Loan Agreement contemplates the DIP Lender making
multi-draw term loans to the Debtor up to $10,000,000.  The initial
draw will be in an amount of $5,500,000 which will be to repay
outstanding secured debts of the Pre-Petition Lenders (excluding
Amerisource) and approved amounts as set forth in a budget prepared
by the Debtor to cover 30 days of operations.

The DIP Loan bears a non-default interest rate of 8.0% per annum.
During a continuing event of default, the interest rate is 10.0%
per annum.

The DIP Lender has required that the Debtor grant it liens and
superpriority claims.  Those liens and superpriority claims will be
subject to the Carve-Out, which includes professional fees that are
accrued and unpaid through the time of any event of default, up to
$50,000 in professional fees accruing after notice of an event of
default, and amounts payable to the United States Trustee.

The Debtor has agreed, subject to Court approval, to pay up to a
$200,000 fee for the DIP Loan, plus certain reasonable costs and
expenses to the DIP Lender, including without limitation and as
necessary, fees and expenses of the professionals retained by the
DIP Lender, as provided for in the DIP Loan Documents, without the
necessity of filing retention applications or fee applications.

As a condition of the ASA, and subject to approval by the Court,
the Debtor and Prime Healthcare Management, Inc., an affiliate of
the Stalking Horse Bidder, have also entered into a Consulting
Services Agreement dated June 30, 2016, under which PHM will
provide operational and financial healthcare consulting services to
help facilitate the potential transition of the Debtor to the
successful bidder at the auction and sale, whether or not the
successful bidder is the Stalking Horse Bidder.

                      About Coshocton Hospital

Coshocton County Memorial Hospital Association operates a general
acute care not-for-profit hospital in Coshocton, Ohio.  The
hospital has been designated as a Sole Community Hospital and is
licensed for 56 beds.  In addition to the main hospital facility,
the Debtor has a number of primary care and specialty physician
clinics.  The Debtor has annual net revenue of more than $50
million and employs more than 400 individuals.  The hospital is
located in eastern central Ohio between Columbus and Pittsburgh and
is the only hospital within 25 miles.  It has been serving the
healthcare needs of the community for more than 100 years.

Coshocton County Memorial Hospital Association filed a voluntary
petition under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Ohio
Case No. 16-51552) on June 30, 2016.  The case is pending before
Judge Alan M. Koschik.

In its petition, the Company estimates assets and liabilities in
the range of $10 million to $50 million.  The Debtor has
approximately $8 million in trade debt.  In addition, the Debtor
has certain obligations to providers on its self-insured healthcare
plan for employees.

McDonald Hopkins LLC serves as the Debtor's counsel.  Garden City
Group, LLC, is the Debtor's notice, claims and balloting agent.

On July 8, 2016, the U.S. Trustee for Region 9 appointed four
creditors of Coshocton County Memorial Hospital Association to
serve on the official committee of unsecured creditors.


COSHOCTON HOSPITAL: Committee Taps Hahn Loeser as Co-Counsel
------------------------------------------------------------
The official committee of unsecured creditors of Coshocton County
Memorial Hospital Association seeks approval from the U.S.
Bankruptcy Court for the Northern District of Ohio to hire Hahn
Loeser & Parks LLP.

Hahn Loeser will serve as co-counsel with Sills Cummis & Gross,
P.C., another firm tapped by the committee to serve as its legal
counsel in connection with the Debtor's Chapter 11 case.  

The services to be provided by the firm include:

     (a) consult with the trustee or Debtor concerning the
         administration of the case;

     (b) investigate the acts, conduct, assets, liabilities and
         financial condition of the Debtor, the operation of its
         business, and any other matter relevant to the case or to

         the formulation of a Chapter 11 plan;

     (c) participate in the formulation of a plan; and

     (d) request the appointment of a trustee or examiner.

The hourly rates charged by Hahn Loeser professionals and
paraprofessionals who are anticipated to render most of the
services are:

     Daniel A. DeMarco      Partners            $560
     Arthur L. Cobb         Partners            $515
     Rocco I. Debitetto     Partners            $395
     Daniel T. Pesciotta    Associates          $260
     Colleen M. Beitel      Paraprofessional    $240

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

The firm can be reached through:

     Daniel A. DeMarco, Esq.
     Rocco I. Debitetto, Esq.
     Hahn Loeser & Parks LLP
     200 Public Square, Suite 2800
     Cleveland, Ohio 44114
     Telephone: (216) 621-0150
     Facsimile: (216) 241-2824
     Email: dademarco@hahnlaw.com
     Email: ridebitetto@hahnlaw.com

            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.


COSHOCTON HOSPITAL: Committee Taps Sills Cummis as Legal Counsel
----------------------------------------------------------------
The official committee of unsecured creditors of Coshocton County
Memorial Hospital Association seeks approval from the U.S.
Bankruptcy Court for the Northern District of Ohio to hire Sills
Cummis & Gross P.C. as its legal counsel.

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

     (a) provide legal advice regarding the committee's rights,
         powers and duties;

     (b) prepare legal papers;

     (c) represent the committee in all matters arising in the
         case, including any dispute or issue with the Debtor or
         other third parties;

     (d) assist the committee in its investigation and analysis of

         the Debtor, its capital structure, and issues related to
         the case; and

     (e) represent the committee in all aspects of any sale and
         bankruptcy plan confirmation proceedings.

The firm's hourly rates currently range from $400 to $740 for
members; $375 to $725 for of counsel; $295 to $495 for associates;
and $100 to $295 for paralegals.  Sills Cummis, however, has agreed
that the blended hourly rate for the aggregate fees payable to the
firm in this case will not exceed $475.

Andrew Sherman, Esq., at Sills Cummis, 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:

     Andrew H. Sherman, Esq.
     Sills Cummis & Gross P.C.
     The Legal Center
     One Riverfront Plaza
     Newark, NJ 07102
     Phone:(973) 643-7000
     Fax:(973) 643-6500
     Email: sillsmail@sillscummis.com

                      About Coshocton Hospital

Coshocton County Memorial Hospital Association operates a general
acute care not-for-profit hospital in Coshocton, Ohio.  The
hospital has been designated as a Sole Community Hospital and is
licensed for 56 beds.  In addition to the main hospital facility,
the Debtor has a number of primary care and specialty physician
clinics.  The Debtor has annual net revenue of more than $50
million and employs more than 400 individuals.  The hospital is
located in eastern central Ohio between Columbus and Pittsburgh and
is the only hospital within 25 miles.  It has been serving the
healthcare needs of the community for more than 100 years.

Coshocton County Memorial Hospital Association filed a voluntary
petition under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Ohio
Case No. 16-51552) on June 30, 2016.  The case is pending before
Judge Alan M. Koschik.

In its petition, the Company estimates assets and liabilities in
the range of $10 million to $50 million.  The Debtor has
approximately $8 million in trade debt.  In addition, the Debtor
has certain obligations to providers on its self-insured healthcare
plan for employees.

McDonald Hopkins LLC serves as the Debtor's counsel.  Garden City
Group, LLC, is the Debtor's notice, claims and balloting agent.

On July 8, 2016, the U.S. Trustee for Region 9 appointed four
creditors of Coshocton County Memorial Hospital Association to
serve on the official committee of unsecured creditors.


COSHOCTON HOSPITAL: Has Until Aug. 15 to File Schedules
-------------------------------------------------------
Coshocton County Memorial Hospital Association sought and obtained
an order from the Bankruptcy Court extending the Debtor's deadline
to file its Schedules and Statements through Aug. 15, 2016.

Pursuant to Section 521 of the Bankruptcy Code and Bankruptcy Rules
1007(b) and (c), a debtor is required to file with the Court within
14 days of the Petition Date (a) a schedule of assets and
liabilities, (b) a statement of financial affairs, (c) a schedule
of current income and expenditures, (d) a statement of executory
contracts and unexpired leases, and (e) a list of equity security
holders.

The Debtor estimates that it has more than 1,200 creditors and
other interested parties.  Given the size and complexity of its
business and the fact that certain prepetition invoices have not
yet been received and entered into the Debtor's financial systems,
the Debtor said it has not had the opportunity to gather the
necessary information to prepare and file its respective Schedules
and Statements.

"While the Debtor has commenced the task of gathering the necessary
information to prepare and finalize the Schedules and Statements,
the Debtor believes that the 14-day automatic extension of time to
file such Schedules and Statements provided by Bankruptcy Rule
1007(c) is not sufficient to permit completion of the Schedules and
Statements," according to Sean D. Malloy, Esq., at McDonald Hopkins
LLC, one of the Debtor's counsel.

                      About Coshocton Hospital

Coshocton County Memorial Hospital Association operates a general
acute care not-for-profit hospital in Coshocton, Ohio.  The
hospital has been designated as a Sole Community Hospital and is
licensed for 56 beds.  In addition to the main hospital facility,
the Debtor has a number of primary care and specialty physician
clinics.  The Debtor has annual net revenue of more than $50
million and employs more than 400 individuals.  The hospital is
located in eastern central Ohio between Columbus and Pittsburgh and
is the only hospital within 25 miles.  It has been serving the
healthcare needs of the community for more than 100 years.

Coshocton County Memorial Hospital Association filed a voluntary
petition under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Ohio
Case No. 16-51552) on June 30, 2016.  The case is pending before
Judge Alan M. Koschik.

In its petition, the Company estimates assets and liabilities in
the range of $10 million to $50 million.  The Debtor has
approximately $8 million in trade debt.  In addition, the Debtor
has certain obligations to providers on its self-insured healthcare
plan for employees.

McDonald Hopkins LLC serves as the Debtor's counsel.  Garden City
Group, LLC, is the Debtor's notice, claims and balloting agent.

On July 8, 2016, the U.S. Trustee for Region 9 appointed four
creditors of Coshocton County Memorial Hospital Association to
serve on the official committee of unsecured creditors.


COSHOCTON HOSPITAL: Hires McDonald Hopkins as Bankr. Counsel
------------------------------------------------------------
Coshocton County Memorial Hospital Association filed an application
with the Bankruptcy Court seeking authority to employ McDonald
Hopkins as its counsel, nunc pro tunc to the Petition Date.

McDonald Hopkins will, among other tasks:

    (i) monitor the Debtor's Chapter 11 case;

   (ii) advise the Debtor of its obligations and duties as a
        debtor-in-possession;

  (iii) execute the Debtor's decisions by filing with the Court
        motions, objections, and other relevant documents;

   (iv) appear before the Court on all matters in this case
        relevant to the interests of the Debtor;

    (v) assist the Debtor in the administration of the
        Chapter 11 case; and

   (vi) take other actions as are necessary to protect the rights
        of the Debtor's estate.

Subject to the Court's approval, McDonald Hopkins will charge the
Debtor for legal services on an hourly basis in accordance with the
firm's ordinary and customary hourly rates.  The current hourly
rates charged by McDonald Hopkins for professionals and
paraprofessionals are as follows:

            Billing Category              Range
            ----------------            ---------
                Members                 $365-$750
               Of Counsel               $310-$725
               Associates               $210-$410
               Paralegals               $180-$275
               Law Clerks                $40-$150

Sean D. Malloy ($585/hour rate), a member; Michael J. Kaczka
($425/hour rate), a  member; and Maria G. Carr ($250/hour rate), an
associate, are expected to have the primary responsibility for
providing services to the Debtor.

During the one year prior to the Petition Date, the Debtor paid
McDonald Hopkins a total of $742,773.  Those funds were used to pay
for, among other things, services performed by McDonald Hopkins in
evaluating restructuring options, pursuing potential out-of-court
alternatives, and in contemplation and preparation of the Debtor's
bankruptcy case.  Prior to the filing of its Chapter 11 case, the
Debtor provided to McDonald Hopkins a retainer in the aggregate
amount of approximately $400,000 (this amount is included in total
amount above which McDonald Hopkins has received to date).  As of
the Petition Date, approximately $43,135 of the retainer remains
unapplied.  McDonald Hopkins intends to hold the Retainer until
further application of such retainer is approved by the Court.

It is McDonald Hopkins' policy to charge its clients in all areas
of practice for identifiable, non-overhead expenses incurred in
connection with the client's case that would not have been incurred
except for representation of that particular client.

To the best of the Debtor's knowledge, McDonald Hopkins is a
"disinterested person" as that phrase is defined in Section 101(14)
of the Bankruptcy Code.

                      About Coshocton Hospital

Coshocton County Memorial Hospital Association operates a general
acute care not-for-profit hospital in Coshocton, Ohio.  The
hospital has been designated as a Sole Community Hospital and is
licensed for 56 beds.  In addition to the main hospital facility,
the Debtor has a number of primary care and specialty physician
clinics.  The Debtor has annual net revenue of more than $50
million and employs more than 400 individuals.  The hospital is
located in eastern central Ohio between Columbus and Pittsburgh and
is the only hospital within 25 miles.  It has been serving the
healthcare needs of the community for more than 100 years.

Coshocton County Memorial Hospital Association filed a voluntary
petition under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Ohio
Case No. 16-51552) on June 30, 2016.  The case is pending before
Judge Alan M. Koschik.

In its petition, the Company estimates assets and liabilities in
the range of $10 million to $50 million.  The Debtor has
approximately $8 million in trade debt.  In addition, the Debtor
has certain obligations to providers on its self-insured healthcare
plan for employees.

McDonald Hopkins LLC serves as the Debtor's counsel.  Garden City
Group, LLC, is the Debtor's notice, claims and balloting agent.

On July 8, 2016, the U.S. Trustee for Region 9 appointed four
creditors of Coshocton County Memorial Hospital Association to
serve on the official committee of unsecured creditors.


COSHOCTON HOSPITAL: Seeks Court Approval of Bidding Procedures
--------------------------------------------------------------
Coshocton County Memorial Hospital Association asks the Bankruptcy
Court to approve bidding procedures for the sale of substantially
all of its assets.

Recognizing both the hospitals' financial situation and the
challenge of remaining an independent community hospital, in 2015,
the Debtor hired SOLIC Capital Advisors, LLC and SOLIC Capital, LLC
as financial advisor and investment banker to assist with
operational improvements and evaluate strategic alternatives and
financing options.

The Debtor and Prime Healthcare Foundation, Inc. and Prime
Healthcare Foundation-Coshocton, LLC, as stalking horse bidder,
entered into an Asset Sale Agreement on June 30, 2016.  The
Stalking Horse ASA remains subject to higher or better offers and
is conditioned upon approval of the Bankruptcy Court.  The Stalking
Horse Bid also allows the Debtor to continue its commitment to the
local Coshocton community as a non-profit hospital that can serve
the residents' healthcare needs.

As part of the ASA, the Stalking Horse Bidder has agreed to
maintain all material services and keep the hospital open as a full
service acute hospital.  Also, the Stalking Horse Bidder agreed to
invest at least $1 million over the next two years in physician
recruitment and at least $25 million over the next five years in
capital improvements, information technology, infrastructure
improvements or working capital at the Debtor's facilities.

As part of the Debtor's preparation for a future sale, the Debtor
and Prime Healthcare Management, Inc., an affiliate of the Stalking
Horse Bidder, have also entered into a Consulting Services
Agreement to provide operational and financial healthcare
consulting services to help facilitate the potential transition of
the Debtor to the Stalking Horse Bidder or the ultimate Successful
Bidder, subject to approval by this Court.  The Debtor anticipates
that the Consulting Agreement will help ease the transition from
the Debtor to ultimate purchaser of the Debtor's assets, whether or
not such purchaser is the Successful Bidder is the Stalking Horse
Bidder.

The purchase price for the Assets under the Stalking Horse ASA is
$10,000,000, plus cure costs for executory contracts or unexpired
leases to be assumed and assigned, plus the amount of accrued and
unpaid fees under the Consulting Agreement as of the closing date.


The Stalking Horse ASA provides payment to the Stalking Horse
Bidder of a break-up fee in an amount equal to $350,000 and an
expense reimbursement of up to $150,000 for the Stalking Horse
Bidder's reasonable and documented out-of-pocket expenses incurred
in connection with the asset sale agreement, consulting services,
and the arrangement of financing.

Certain executory contracts and unexpired leases will be assumed by
the Debtor and assigned to the Stalking Horse Bidder, with the
payment of all cure costs by the Stalking Horse Bidder in
accordance with the terms of the Stalking Horse ASA.

After the approval of the Bidding Procedures, SOLIC will conduct a
postpetition marketing process to qualify any additional buyers and
sell the assets to the highest or best bidder through a
Court-approved auction process as set forth in the Bidding
Procedures.

                      Proposed Bid Procedures

In general, the Bidding Procedures provide:

   a. The initial overbid will be a minimum cash purchase price of
      $10,500,000 plus Cure Costs relating to any executory
      contracts and unexpired leases that are to be assumed and
      assigned plus fees payable under the Consulting Agreement.

   b. Bids must be accompanied by a $1,050,000 cash deposit.

   c. Bids must be received on or before Sept. 19, 2016, at 4:00
      p.m. (prevailing Eastern Time).

   d. To be a Qualified Bid, an offer must be: (a) definitive and
      binding, not subject to due diligence or any conditions
      other than Court approval; (b) accompanied by evidence of
      financial wherewithal of the proposed buyer acceptable to
      the Debtor in its sole discretion; (c) accompanied by a
      deposit of immediately available funds of 10% of the
      proposed cash purchase price; and (d) accompanied by a
      proposed asset purchase agreement that is a mark-up
      against the Stalking Horse APA.

   e. Bid increments will be $100,000.

   f. An auction of all qualified bidders will be conducted by the
      Debtor on Sept. 22, 2016, at 10:00 a.m., at the Cleveland
      law offices of McDonald Hopkins LLC, 600 Superior Ave., E.,
      Suite 2100, Cleveland, Ohio 44114.

   g. The Auction will continue until the Debtor determines,
      subject to Bankruptcy Court approval, that it has received
      the highest or best offer for the Assets and the next
      highest and best Qualified Bid for such Assets as the next
      highest and best offer for such assets.

   h. The Debtor will have wide discretion to conduct the Auction
      in a manner designed to maximize value of the Assets.

   i. The Court will conduct a hearing to approve the highest or
      best offer received at the Auction on a date convenient to
      the Court, which the Debtor proposes to be Sept. 27,
      2016.

"The Bidding Procedures are designed to provide an organized
process for the receipt and review of bids from potential
purchasers with an ability to close on the sale of the assets and
to maximize value to the Debtor's estate.  The requirement of a
deposit and evidence of financial wherewithal is designed to
confirm that auction participants are bona fide bidders with the
ability and desire to consummate any proposed transaction," said
Sean D. Malloy, Esq., McDonald Hopkins LLC, one of the Debtor's
attorneys.

                      About Coshocton Hospital

Coshocton County Memorial Hospital Association operates a general
acute care not-for-profit hospital in Coshocton, Ohio.  The
hospital has been designated as a Sole Community Hospital and is
licensed for 56 beds.  In addition to the main hospital facility,
the Debtor has a number of primary care and specialty physician
clinics.  The Debtor has annual net revenue of more than $50
million and employs more than 400 individuals.  The hospital is
located in eastern central Ohio between Columbus and Pittsburgh and
is the only hospital within 25 miles.  It has been serving the
healthcare needs of the community for more than 100 years.

Coshocton County Memorial Hospital Association filed a voluntary
petition under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Ohio
Case No. 16-51552) on June 30, 2016.  The case is pending before
Judge Alan M. Koschik.

In its petition, the Company estimates assets and liabilities in
the range of $10 million to $50 million.  The Debtor has
approximately $8 million in trade debt.  In addition, the Debtor
has certain obligations to providers on its self-insured healthcare
plan for employees.

McDonald Hopkins LLC serves as the Debtor's counsel.  Garden City
Group, LLC, is the Debtor's notice, claims and balloting agent.

On July 8, 2016, the U.S. Trustee for Region 9 appointed four
creditors of Coshocton County Memorial Hospital Association to
serve on the official committee of unsecured creditors.


COSHOCTON HOSPITAL: Taps Garden City as Notice & Claims Agent
-------------------------------------------------------------
Coshocton County Memorial Hospital Association seeks permission
from the Bankruptcy Court to employ Garden City Group, LLC as its
notice, claims, and balloting agent, nunc pro tunc to the Petition
Date.  The Debtor believes that retaining Garden City Group to
perform those services is the most effective and efficient manner
of noticing creditors and parties-in-interest of the filing of the
Chapter 11 cases and other developments including the transmission,
reception, docketing, and maintenance of any proofs of claim filed
in connection with the Chapter 11 case.

Garden City Group's hourly billing rates are as follows:

                                           Discounted
    Title                                 Hourly Rates
    -----                                 ------------
    Administrative, Mailroom                $30-$45
    and Claims Control

    Project Administrators                  $70-$85

    Project Supervisors                     $95-$110

    Graphic Support & Technology Staff      $100-$150

    Project Managers                        $125-$150

    Senior Project Managers, Directors
    and above                                  $190

The Debtor intends to compensate Garden City Group in accordance
with the terms and conditions set forth in the Administration
Agreement, upon Garden City Group's submission to the Debtor of
invoices summarizing in reasonable detail the services rendered and
expenses incurred in connection with services provided by Garden
City Group.

Prior to the Petition Date, the Debtor provided Garden City Group
with a retainer of $70,000.  Garden City Group will first apply the
retainer to all prepetition invoices.  Thereafter, it will have the
retainer replenished to the original retainer amount and hold the
retainer during this Chapter 11 case as security for the payment of
fees and expenses incurred under the Administration Agreement.

As part of the overall compensation to Garden City Group under the
terms of the Administration Agreement, the Debtor has agreed to
certain indemnification and contribution obligations.

To the best of the Debtor's knowledge, Garden City Group neither
holds nor represents any interest materially adverse to its  estate
in connection with any matter on which it would be employed.

                      About Coshocton Hospital

Coshocton County Memorial Hospital Association operates a general
acute care not-for-profit hospital in Coshocton, Ohio.  The
hospital has been designated as a Sole Community Hospital and is
licensed for 56 beds.  In addition to the main hospital facility,
the Debtor has a number of primary care and specialty physician
clinics.  The Debtor has annual net revenue of more than $50
million and employs more than 400 individuals.  The hospital is
located in eastern central Ohio between Columbus and Pittsburgh and
is the only hospital within 25 miles.  It has been serving the
healthcare needs of the community for more than 100 years.

Coshocton County Memorial Hospital Association filed a voluntary
petition under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Ohio
Case No. 16-51552) on June 30, 2016.  The case is pending before
Judge Alan M. Koschik.

In its petition, the Company estimates assets and liabilities in
the range of $10 million to $50 million.  The Debtor has
approximately $8 million in trade debt.  In addition, the Debtor
has certain obligations to providers on its self-insured healthcare
plan for employees.

McDonald Hopkins LLC serves as the Debtor's counsel.  Garden City
Group, LLC, is the Debtor's notice, claims and balloting agent.

On July 8, 2016, the U.S. Trustee for Region 9 appointed four
creditors of Coshocton County Memorial Hospital Association to
serve on the official committee of unsecured creditors.


COVENANT CARE: Seeks to Hire Taps BKD LLP as Accountant
-------------------------------------------------------
Covenant Care Centers, LLC seeks approval from the U.S. Bankruptcy
Court for the Northern District of Texas to hire BKD, LLP as its
accountant.

The Debtor tapped the firm to prepare income tax returns for 2015.
BKD will receive a flat fee of $15,000 for its services.

Jon Unroe, a partner at BKD, disclosed in a court filing that the
firm does not hold or represent any interest adverse to the
Debtor's estate.

The firm can be reached through:

     Jon Unroe
     BKD, LLP
     2800 Post Oak Boulevard, Suite 3200
     Houston, TX 77056-6167
     Phone: 713-499-4600
     Fax: 713-499-4699

The Debtor can be reached through its counsel:

     Weldon L. Moore, III
     Sussman & Moore, L.L.P.
     4645 N. Central Expressway, Suite 300
     Dallas, Texas 75205
     Phone: 214-378-8270
     Fax: 214-378-8290
     Email: wmoore@csmlaw.net

                  About Covenant Care Centers

Covenant Care Centers, LLC sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. N. D. Texas Case No. 14-35916) on
December 9, 2014.  The petition was signed by Ron Sanborn, manager.


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


CRIMSON INVESTMENT: Taps Michael D. O'Brien as Legal Counsel
------------------------------------------------------------
Crimson Investment Group, LLC seeks approval from the U.S.
Bankruptcy Court for the District of Oregon to hire Michael D.
O'Brien & Associates P.C.

The Debtor tapped the firm to serve as its legal counsel in
connection with its Chapter 11 case.  The services to be provided
by the firm include seeking authorization for use of cash
collateral, reviewing and evaluating the status and validity of
secured claims, and assisting the Debtor in formulating a plan of
reorganization.

The firm's professionals and their hourly rates are:

     Michael D. O'Brien    Partner               $355
     Theodore J. Piteo     Associate Attorney    $250
     Hugo Zollman          Senior Paralegal      $170

Michael D. O'Brien does not have any interest adverse to the
Debtor's estate, according to court filings.
.
The firm can be reached through:

     Michael D. O'Brien, Esq.
     Theodore J. Piteo, Esq.
     Michael D. O'Brien & Associates, P.C.
     12909 SW 68th Pkwy, Suite 160
     Portland, OR 97223
     Phone: (503) 786-3800

                    About Crimson Investment

Crimson Investment Group, LLC sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. D. Ore. Case No. 16-32747) on July 14,
2016.  The petition was signed by Tracey Baron, manager.  The case
is assigned to Judge Trish M. Brown.  At the time of the filing,
the Debtor disclosed $852,102 in assets and $1.4 million in
liabilities.


D & C ENTERPRISES: Hires Phillips & Thomas as Counsel
-----------------------------------------------------
D & C Enterprises P.C. seeks authorization from the U.S. Bankruptcy
Court for the Western District of Missouri to employ Phillips &
Thomas LLC as counsel.

The services to be rendered include providing the customary
services needed in representing a Chapter 11 debtor in possession.

The complex nature of this case meant that significant time was --
and will continue to be -- spent in sorting out the various
mortgage, vendor and supplier issues, veterinary issues, proposed
plan options issues, and related reorganization issues. These
issues and problems have included: analysis of adequate profit and
loss statements for the veterinary business, analysis of gross
receipts, insurance obligations, outstanding contracts,
reconstruction of income and expense flows, and review of bank and
other financial statements.

Phillips & Thomas will be paid at an hourly rate of:

       George J. Thomas        $300

Phillips & Thomas will also be reimbursed for reasonable
out-of-pocket expenses incurred.

For entry into this case, the firm has received an amount of
$15,000.

George J. Thomas, member of Phillips & Thomas, 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.

Phillips & Thomas can be reached at:

       George J. Thomas, Esq.
       PHILLIPS & THOMAS LLC
       5200 W. 94th Ter., Ste. 200
       Prairie Village, KS 66207
       Tel: (913) 385-9900

D & C Enterprises, P.C. runs a veterinary services business located
at 1102 E 23rd St. in Independence, Mo.  The company is also known
as the Cedar Ridge Animal Hospital, and is located on the premises
of the building in which it operates.  Both businesses are owned by
the veterinarian, Dr. Cassie Cure. On July 11, 2016, D & C
Enterprises, P.C. sought Chapter 11 protection (Bankr. W.D. Mo.
Case No. 16-41803). George J. Thomas, Esq., at Phillips & Thomas
LLC, serves as counsel to the Debtor. No trustee, examiner, or
statutory committee has been appointed in the Chapter 11 case. At
the time of the filing, the Debtor disclosed $35,100 in assets and
$1.06 million in debts.



D&C ENTERPRISES: Hires Phillips & Thomas as Counsel
---------------------------------------------------
D&C Enterprises P.C., seeks authority from the U.S. Bankruptcy
Court for the Western District of Missouri to employ Phillips &
Thomas LLC as counsel to the Debtor.

D&C Enterprises requires Phillips & Thomas to represent the Debtor
in the bankruptcy case and provide the customary services needed in
representing a Chapter 11 debtor-in-possession. The services
include sorting out the various mortgage, vendor and supplier
issues, veterinary issues, proposed plan options issues, and
related reorganization issues. The issues and problems have
included: analysis of adequate profit and loss statements for the
veterinary business, analysis of gross receipts, insurance
obligations, outstanding contracts, reconstruction of income and
expense flows, and review of bank and other financial statements.

D&C Enterprises will be paid at these hourly rates:

     George J. Thomas            $300

Phillips & Thomas will be paid an amount of $15,000 for the
services rendered.

Phillips & Thomas will also be reimbursed for reasonable
out-of-pocket expenses incurred.

To the best of the Debtor's knowledge, 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 Debtor and
its estate.

Phillips & Thomas can be reached at:

     George J. Thomas, Esq.
     Phillips & Thomas LLC
     5200 W 94th Terr Ste 200
     Prairie Village KS 66207
     Tel: (913) 385 9900
     Email: geojthomas@gmail.com

                       About D & C Enterprises

D & C Enterprises, P.C. Runs a veterinary services business located
at 1102 E 23rd St. in Independence, Mo. The company is also known
as the Cedar Ridge Animal Hospital, and is located on the premises
of the building in which it operates. Both businesses are owned by
the veterinarian, Dr. Cassie Cure. On July 11, 2016, D & C
Enterprises, P.C. sought Chapter 11 protection (Bankr. W.D. Mo.
Case No. 16-41803). George J. Thomas, Esq., at Phillips & Thomas
LLC, serves as counsel to the Debtor. No trustee, examiner, or
statutory committee has been appointed in the Chapter 11 case. At
the time of the filing, the Debtor disclosed $35,100 in assets and
$1.06 million in debts.


DAVID AND VERDA DICORTE: Hires Slomka as Counsel
------------------------------------------------
David and Verda Dicorte Revocable Trust seeks authority from the
U.S. Bankruptcy Court for the Northern District of Georgia to
employ Slomka Law Firm PC as bankruptcy counsel to the Debtor.

The David and Verda Dicorte Trust requires Slomka to:

   (a) prepare pleadings and applications;

   (b) conduct examinations and hearings and file all relevant
       responses;

   (c) advise Debtor of its rights, duties and obligations as a
       debtor-in- possession;

   (d) consult with Debtor and represent Debtor with respect to a
       Chapter 11 plan;

   (e) perform those legal services incidental and necessary to
       the day-to-day operations of Debtor's business, including,
       but not limited to, institution and prosecution of
       necessary legal proceedings, and general business and
       corporate legal advice and assistance; and

   (f) take any and all other action incident to the proper
       preservation and administration of Debtor's estate and
       business.

Slomka will be paid at these hourly rates:

     Attorneys                $300

     Legal Assistants         $150

Slomka will be paid a retainer in the amount of $10,000.

On July 12, 2016, after the filing of the petition, Karen Yore, the
trustee of the Debtor trust, was able to deliver a total of $10,000
to Slomka's trust account, payable from her personal funds. Slomka
has deposited the entire post-petition retainer amount into its
trust account.

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

Howard P. Slomka, attorney of the law firm Slomka Law Firm PC,
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 Debtor and its estate.

Slomka can be reached at:

     Howard P. Slomka, Esq.
     SLOMKA LAW FIRM PC
     1069 Spring Street NW #200
     Atlanta, GA 30309
     Tel: (678) 732-0001 (telephone)
     E-mail: howie@slomkalawfirm.com

                       About David and Verda DiCorte

The David and Verda DiCorte Revocable Trust filed a Chapter 11
bankruptcy petition (Bankr. N.D. Ga. Case No. 16-60447) on June 15,
2016. The petition was filed pro se.


DAVID KING: Objection to Claim No. 21 Denied
--------------------------------------------
Judge Stephani W. Humrickhouse of the United States Bankruptcy
Court for the Eastern District of North Carolina, Raleigh Division,
denied debtor David W. King's objection to the claim filed by
Edward W. Brantley, to the extent the objection was based on
Brantley's purported assignment of that claim to a third party,
First Mount Vernon Industrial Association (FMV).

King had asserted that Claim No. 21 filed by Brantley in the
unsecured amount of $5,000,000, should be denied because the claim
was allegedly assigned to FMV pursuant to an Agreement for
Consulting Services.

Judge Humrickhouse, however, found that the claim arising from the
consulting agreement was not effectively assigned to FMV and thus
Brantley may assert such claim, once proven, in the case.

The bankruptcy case is IN RE: DAVID W. KING, Debtor, Case No.
14-06010-5-swh (Bankr. E.D.N.C.).

A full-text copy of Judge Humrickhouse's June 30, 2016 order is
available at https://is.gd/ZmbuSx from Leagle.com.

David W. King, Jr. is represented by:

          William H. Kroll, Esq.
          STUBBS & PERDUE, P.A.
          9208 Falls of Neuse Rd., Suite 201
          Raleigh, NC 27615
          Tel: (252)633-2700
          Email: wkroll@stubbsperdue.com

            -- and --

          Trawick H Stubbs, Jr., Esq.
          STUBBS & PERDUE, P.A.
          310 Craven Street
          New Bern, NC 28560
          Tel: (252)633-2700
          Email: tstubbs@stubbsperdue.com


DEERFIELD REAL ESTATE: Taps Randolph Goodman as Broker
------------------------------------------------------
Deerfield Real Estate Development, LLC seeks approval from the U.S.
Bankruptcy Court for the Southern District of Florida to hire
Randolph Goodman of Corporate Digs, Inc.

The Debtor proposes to hire a real estate broker in connection with
the sale of its real property located at 3401 Deer Creek Country
Club Boulevard, Deerfield Beach, Florida.  The property consists of
two rental units and is currently at 50% occupancy.

Mr. Goodman will receive 6% of the gross sale price of the property
for his services.

In a court filing, Mr. Goodman disclosed that he and his firm do
not hold or represent any interest adverse to the Debtor's estate.


Mr. Goodman's contact information is:

     Randolph Goodman
     Corporate Digs, Inc.
     One Boca Place
     2255 Glades Road, Suite 324A
     Boca Raton, FL 33431

                  About Deerfield Real Estate

Headquartered in Lake Park, Florida, Deerfield Real Estate
Development, LLC, filed for Chapter 11 bankruptcy protection
(Bankr. S.D. Fla. Case No. 16-16611) on May 6, 2016, estimating its
assets and liabilities at between $1 million and $10 million each.

The petition was signed by Kent R. LaFleur, manager.  Judge Erik P.
Kimball presides over the case.  David K Markarian, Esq., at
Markarian Frank & Hayes, serves as the Debtor's bankruptcy counsel.


DEL RESTAURANT: US Trustee Unable to Appoint Creditors' Committee
-----------------------------------------------------------------
The U.S. Trustee for the Eastern District of New York is unable to
appoint a committee of unsecured creditors in the Chapter 11
bankruptcy case of Del Restaurant Corp.

Del Restaurant Corp. Filed for Chapter 11 bankruptcy protection
(Bankr. E.D.N.Y. Case No. 16-72807) on June 24, 2016.  Robert J.
Spence, Esq., at Spence Law Office, P.C., serves as the Debtor's
bankruptcy counsel.


DENTAL PLUS: Hires Margaret McClure as Attorney
-----------------------------------------------
Dental Plus, LLC files an ex-part application with the U.S.
Bankruptcy Court for the Southern District of Texas to employ
Margaret M. McClure as attorney.

The Debtor requires Ms. McClure to give legal advice with respect
to the Debtor's powers and duties as debtor-in-possession in the
continued operation of its business and management of its property
to perform all legal services to the debtor-in-possession which may
be necessary herein.

Margaret M. McClure charges an hourly fee of $400 per hour for
attorney time and $150 per hour for paralegal time for services of
this nature.

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

Ms. McClure received a $20,000 retainer.

Ms. McClure 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.

Ms. McClure can be reached at:

       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

                       About Dental Plus

Dental Plus, LLC, based in Houston, Tex., filed a Chapter 11
petition (Bankr. S.D. Tex. Case No. 16-33482) on July 11, 2016.
The Hon. Jeff Bohm presides over the case. Margaret Maxwell
McClure, Esq., as bankruptcy counsel.

In its petition, the Debtor estimated $100,000 to $500,000 in
assets and $1 million to $10 million in liabilities.  The petition
was signed by Ronald J. Moon, managing member.


DEPAUL INDUSTRIES: Creditors' Panel Hires Cable Huston as Counsel
-----------------------------------------------------------------
The Unsecured Creditors Committee of DePaul Industries and DePaul
Services, Inc., seeks authority from the U.S. Bankruptcy Court for
the District of Oregon to employ Cable Huston LLP as counsel to the
Committee.

The Committee requires Cable Huston to:

   A. advise and consult with Debtor concerning questions arising
      in the conduct of the administration of the estate and
      concerning Debtor's rights and remedies with regard to the
      estate's assets and the claims of secured, priority and
      unsecured creditors and other parties in interest;

   B. appear for, prosecute, defend and represent Debtor's
      interest in proceedings arising in or related to this case;

   C. assist the Debtors in the evaluation of any proposed
      Disclosure Statement or Plan of Reorganization;

   D. consult with and advise Debtor in connection with the
      operation of, or the termination of the operation of, the
      business of the debtor-in-possession; and

   E. assist in the preparation of such pleadings, motions,
      notices and orders as are required.

Cable Huston will be paid at these hourly rates:

   Laura J. Walker     Partner                $365
   Chad Stokes         Partner                $340
   Donald Koehler      Of Counsel             $325
   Gretchen Barnes     Partner (Real Estate)  $340
   Jon Cavanagh        Partner (Tax Matters)  $325
   Nicole Watson       Associate              $250
   Tina Dent           Paralegal              $135
   Tina Granados       Paralegal              $135

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

To the best of the Debtors' knowledge, 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.

Cable Huston can be reached at:

     Laura J. Walker, Esq.
     CABLE HUSTON  LLP
     1001 SW 5 th Avenue, Suite 2000
     Portland, OR 97204-1136
     Tel: (503) 224-3092
     Fax: (503) 224-3176
     E-mail address: lwalker@cablehuston.com

                     About DePaul Industries

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

DPI and DSI filed chapter 11 petitions (Bankr. D. Ore. Case Nos.
16-32293 and 16-32294) on June 10, 2016, and are represented by
Jeffrey C. Misley, Esq., and Thomas W. Stilley, Esq., at Sussman
Shank LLP in Portland. At the time of the filing, the Debtors
estimated their assets and liabilities at less than $10 million.

Gail Brehm Geiger, acting U.S. trustee for Region 18, on June 22
appointed five creditors in the jointly administered Chapter 11
cases of DePaul Industries and DePaul Services, Inc., to serve on
the official committee of unsecured creditors.


DISPOSAL TEJAS: Hires Elliott as Tax and Regulatory Consultant
--------------------------------------------------------------
Disposal Tejas, LLC, seeks authority from the U.S. Bankruptcy Court
for the Northern District of Texas to employ Albert C. Elliott as
tax and regulatory consultant to the Debtor.

Disposal Tejas requires Elliott to prepare or assist with the
preparation of the Debtor's 2014 and 2015 federal income tax
returns and state franchise tax returns, to bring the Debtor in
compliance with its administrative and regulatory requirements.

Elliott will be paid at these hourly rates:

     Albert C. Elliott          $195

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

To the best of the Debtor's knowledge, Albert C. Elliott 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.

Elliott can be reached at:

     Albert C. Elliott
     213 E Main St
     Sonora, TX 76950

                    About Disposal Tejas

Disposal Tejas, LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N. D. Texas Case No. 16-60064) on June 6,
2016.  The petition was signed by Francisco J. McGee, manager. The
case is assigned to Judge Robert L. Jones.  The Debtor estimated
both assets and liabilities in the range of $1 million to $10
million.


DRAW ANOTHER CIRCLE: Committee Hires Lowenstein as Counsel
----------------------------------------------------------
The Official Committee of Unsecured Creditors of Draw Another
Circle, LLC, et al., seeks authority from the U.S. Bankruptcy Court
for the District of Delaware to retain Lowenstein Sandler LLP as
counsel to the Committee, effective as of June 21, 2016.

The Committee requires Lowenstein to:

   a. provide legal advice as necessary with respect to the
      Committee's powers and duties as an official committee
      appointed under section 1102 of the Bankruptcy Code;

   b. assist the Committee in negotiating favorable terms for
      unsecured creditors with respect to any proposed asset
      purchase agreements for the sale of any of the Debtors'
      assets;

   c. provide legal advice as necessary with respect to any
      disclosure statement or plan filed in the Chapter 11 Cases,
      and with respect to the process for approving or
      disapproving any such disclosure statement or confirming
      (or denying confirmation of) any such plan, as appropriate;

   d. prepare on behalf of the Committee, as necessary,
      applications, motions, complaints, answers, orders,
      agreements, memoranda of law, and other legal papers,
      including, without limitation, the preparation and defense
      of retention and fee applications for the Committee's
      professionals and proposed professionals, including
      Lowenstein Sandler;

   e. appear in Court to present necessary motions, applications,
      and pleadings, and otherwise protect the interests of those
      unsecured creditors who are represented by the Committee;

   f. review the Debtors' schedules and statements;

   g. advise the Committee as to the implications of the Debtors'
      activities and motions before this Court;

   h. provide the Committee with legal advice in relation to the
      Chapter 11 Cases generally; and

   i. perform such other legal services as may be required and
      that are in the best interests of the Committee, the
      estates, and creditors.

Lowenstein will be paid at these hourly rates:

   Partners                                      $550-$1,100

   Senior Counsel and Counsel
   (generally 6 or more year's experience)       $390 - $695

   Associates (generally less than
   6 year's experience)                          $285 - $595

   Paralegals and Assistants                     $110 - $290

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

The following is provided in response to the request for additional
information set forth in Paragraph D.1. of the Appendix B
Guidelines:

   Question:  Did you agree to any variations from, or
              alternatives to, your standard or customary billing
              arrangements for this engagement?

   Response:  No.

   Question:  Do any of the professionals included in this
              engagement vary their rate based on the geographic
              location of the bankruptcy case?

   Response:  No.

   Question:  If you represented the client in the 12 months
              prepetition, disclose your billing rates and
              material financial terms for the prepetition
              engagement, including any adjustments during the 12
              months prepetition. If your billing rates and
              material financial terms have changed postpetition,
              explain the difference and the reasons for the
              difference.

   Response:  Not applicable.

   Question:  Has your client approved your prospective budget
              and staffing plan, and, if so for what budget
              period?

   Response:  Yes, through September 30, 2016.

Bruce Buechler, partner of the law firm of Lowenstein Sandler LLP,
assured the Court that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code and does
not represent any interest adverse to the Debtors and their
estates.

Lowenstein can be reached at:

     Bruce Buechler, Esq.
     LOWENSTEIN SANDLER LLP
     65 Livingston Avenue,
     Roseland, NJ 07068.
     Tel: (973) 597-2308
     Fax: (937) 597-2309
     E-mail: bbuechler@lowenstein.com

                     About Draw Another Circle

Draw Another Circle, LLC and four of its subsidiaries, namely,
Hastings Entertainment, Inc., MovieStop, LLC, SP Images, Inc., and
Hastings Internet, Inc. filed voluntary petitions under Chapter 11
of the Bankruptcy Code (Bankr. D. Del. Lead Case No. 16-11452) on
June 13, 2016.

As of the bankruptcy filing, Hastings operated 123 entertainment
superstores, averaging approximately 24,000 square feet,
principally in medium-sized markets located in 19 states, primarily
in the Northwestern, Midwestern, and Southeastern United States,
and had over 3,500 employees. As of the Petition Date,
Atlanta-based MovieStop operated 39 destination locations in 10
states, primarily along the Eastern United States Coast.

Headquartered in Franklin, Massachusetts, SP Images, Inc., is a
distributor of sports and entertainment products and apparel.
Hastings, MovieStop and SPI are each wholly-owned subsidiaries of
DAC.

Cooley LLP and Whiteford Taylor Preston, LLP serve as counsel to
the Debtors. They tapped FTI Consulting as financial advisor, and
Rust Consulting/Omni Bankruptcy as claims and noticing agent.

Andrew Vara, acting U.S. trustee for Region 3, on June 21 appointed
seven creditors of Draw Another Circle, LLC, to serve on the
official committee of unsecured creditors.


DRAW ANOTHER CIRCLE: Committee Taps BDO USA as Financial Advisor
----------------------------------------------------------------
The Official Committee of Unsecured Creditors of Draw Another
Circle, LLC, et al., seeks authority from the U.S. Bankruptcy Court
for the District of Delaware to retain BDO USA, LLP as financial
advisor to the Committee, effective as of June 24, 2016.

The Committee requires BDO USA to:

   a. analyze the financial operations of the Debtors pre- and
      post-petition, as necessary;

   b. analyze the financial ramifications of any proposed
      transactions for which the Debtors seek Bankruptcy Court
      approval including, but not limited to, post-petition
      financing, sale of all or a portion of the Debtors' assets,
      retention of management and/or employee incentive and
      severance plans;

   c. conduct any requested financial analysis including
      verifying the material assets and liabilities of the
      Debtors, as necessary, and their values;

   d. assist the Committee in its review of monthly statements of
      operations submitted by the Debtors;

   e. perform claims analysis for the Committee;

   f. assist the Committee in its evaluation of cash flow and/or
      other projections prepared by the Debtors;

   g. scrutinize cash disbursements on an on-going basis for the
      period subsequent to the commencement of the Chapter 11
      Cases;

   h. perform forensic investigating services, as requested by
      the Committee and counsel, regarding pre-petition
      activities of the Debtors in order to identify potential
      causes of action, including investigating intercompany
      transfers, improvements in position, and fraudulent
      transfers;

   i. analyze transactions with insiders, related and/or
      affiliated companies;

   j. analyze transactions with the Debtors' financing
      institutions;

   k. attend meetings of creditors and conference calls with
      representatives of the creditor groups and their counsel;

   l. prepare certain valuation analyses of the Debtors'
      businesses and assets using various professionally accepted
      methodologies;

   m. prepare alternative business projections relating to the
      valuation of the Debtors' business enterprise, as needed;

   n. monitor the Debtors' sales process, assist the Committee in
      evaluating sales proposals and alternatives, and attend any
      auction(s) of the Debtors' assets;

   o. evaluate financing proposals and alternatives proposed by
      the Debtors for debtor-in-possession financing, use of cash
      collateral, exit financing and capital-raising supporting
      any plan of reorganization;

   p. assist the Committee in its review of the financial aspects
      of a plan of reorganization or liquidation submitted by the
      Debtors and perform any related analyses, specifically
      including liquidation analyses and feasibility analyses and
      evaluate best exit strategy;

   q. assist counsel in preparing for any depositions and
      testimony, as well as prepare for and provide expert
      testimony at depositions and court hearings, as requested;

   r. assist counsel in evaluating any tax issues that may arise
      if necessary; and

   s. perform other necessary services as the Committee or the
      Committee's counsel may request from time to time with
      respect to the financial, business and economic issues that
      may arise.

BDO USA will be paid at these hourly rates:

   Partners/Managing Directors         $475-$795 per hour
   Directors/Sr. Managers              $375-$550 per hour
   Managers/Vice Presidents            $325-$460 per hour
   Paraprofessionals                   $200-$350 per hour
   Staff                               $150-$225 per hour

BDO USA has agreed with the Committee that BDO USA's fees from its
retention date through August 31, 2016 will be capped at $145,000
plus expenses and the monthly fees thereafter will be capped at
$45,000 per month plus expenses.

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

David E. Berliner, partner in the firm of BDO Consulting, a
Division of BDO USA, LLP, assured the Court that the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code and does not represent any interest adverse to
the Debtors and their estates.

BDO USA can be reached at:

     David E. Berliner
     BDO USA, LLP
     100 Park Avenue
     New York, NY 10017
     Tel: (212) 885-8000
     Fax: (212) 697-1299
     E-mail: dberliner@bdo.com

                     About Draw Another Circle

Draw Another Circle, LLC and four of its subsidiaries, namely,
Hastings Entertainment, Inc., MovieStop, LLC, SP Images, Inc., and
Hastings Internet, Inc. filed voluntary petitions under Chapter 11
of the Bankruptcy Code (Bankr. D. Del. Lead Case No. 16-11452) on
June 13, 2016.

As of the bankruptcy filing, Hastings operated 123 entertainment
superstores, averaging approximately 24,000 square feet,
principally in medium-sized markets located in 19 states, primarily
in the Northwestern, Midwestern, and Southeastern United States,
and had over 3,500 employees. As of the Petition Date,
Atlanta-based MovieStop operated 39 destination locations in 10
states, primarily along the Eastern United States Coast.

Headquartered in Franklin, Massachusetts, SP Images, Inc., is a
distributor of sports and entertainment products and apparel.
Hastings, MovieStop and SPI are each wholly-owned subsidiaries of
DAC.

Cooley LLP and Whiteford Taylor Preston, LLP serve as counsel to
the Debtors. They tapped FTI Consulting as financial advisor, and
Rust Consulting/Omni Bankruptcy as claims and noticing agent.

Andrew Vara, acting U.S. trustee for Region 3, on June 21 appointed
seven creditors of Draw Another Circle, LLC, to serve on the
official committee of unsecured creditors.


DRAW ANOTHER CIRCLE: Hires FTI Consulting as Financial Advisor
--------------------------------------------------------------
Draw Another Circle, LLC, et al., seek authority from the U.S.
Bankruptcy Court for the District of Delaware to employ FTI
Consulting, Inc. as financial advisor to the Debtors, nunc pro tunc
to June 13, 2016.

Draw Another Circle requires FTI Consulting to:

-- assist the Debtors in the preparation of financial related
    disclosures required by the Court, including the Schedules of
    Assets and Liabilities, the Statement of Financial
    Affairs and Monthly Operating Reports;

-- assist the Debtors with information and analyses required
    pursuant to the Debtors' Debtor-In-Possession ("DIP")
    financing including, but not limited to,
    preparation for hearings regarding the use of cash collateral
    and DIP financing;

-- assist the identification and implementation of short-term
    cash management procedures;

-- advise assistance in connection with the development and
    implementation of key employee retention and other critical
    employee benefit programs;

-- assist and advice to the Debtors with respect to the
    identification of core business assets and the disposition of
    assets or liquidation of unprofitable operations;

-- assist with the identification of executory contracts and
    leases and performance of cost/benefit evaluations with
    respect to the affirmation or rejection of each;

-- assist regarding the valuation of the present level of
    operations and identification of areas of potential cost
    savings, including overhead and operating expense reductions
    and efficiency improvements;

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

-- attend at meetings and assistance in discussions with
    potential investors, banks and other secured lenders, any
    official committee(s) appointed in these chapter 11 cases,
    the U.S. Trustee, other parties in interest and professionals
    hired by the same, as requested;

-- analyze creditor claims by type, entity and individual claim,
    including assistance with development of databases, as
    necessary, to track such claims;

-- assist in the preparation of information and analysis
    necessary for the confirmation of a plan in these chapter 11
    proceedings;

-- assist in the evaluation and analysis of avoidance actions,
    including fraudulent conveyances and preferential transfers;

-- litigation advisory services with respect to accounting and
    tax matters, along with expert witness testimony on case
    related issues as required by the Debtors;

-- assist related to communication with case constituencies
    (i.e. vendors, employees, customers, etc.); and

-- render such other general business consulting or such other
    assistance as Debtors' management or counsel may deem
    necessary that are consistent with the role of a
    financial advisor and not duplicative of services provided by
    other professionals in this proceeding.

FTI Consulting will be paid at these hourly rates:

   Senior Managing Directors                           $825-995
   Directors/Senior Directors/Managing Directors       $615-795
   Consultants/Senior Consultants                      $325-570
   Administrative/Paraprofessionals                    $130-260

FTI Consulting will be paid a retainer in the amount of $2,206.70.
The retainer will not be segregated by FTI Consulting in a separate
account and will be held until the end of the case and applied to
FTI Consulting's finally approved fees in the bankruptcy
proceedings.

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

Michael A. Tucker, senior managing director at FTI Consulting,
Inc., assured the Court that the firm is a "disinterested person"
as the term is defined in Section 101(14) of the Bankruptcy Code
and does not represent any interest adverse to the Debtors and
their estates.

FTI Consulting can be reached at:

     Michael A. Tucker
     FTI CONSULTING, INC.
     Two North Central Avenue, # 1200
     One Renaissance Square
     Phoenix, AX 85004-4563
     Tel: (602) 744 7100
     Fax: (602) 744 7110
     E-mail: michael.tucker@fticonsulting.com

                     About Draw Another Circle

Draw Another Circle, LLC and four of its subsidiaries, namely,
Hastings Entertainment, Inc., MovieStop, LLC, SP Images, Inc., and
Hastings Internet, Inc. filed voluntary petitions under Chapter 11
of the Bankruptcy Code (Bankr. D. Del. Lead Case No. 16-11452) on
June 13, 2016.

As of the bankruptcy filing, Hastings operated 123 entertainment
superstores, averaging approximately 24,000 square feet,
principally in medium-sized markets located in 19 states, primarily
in the Northwestern, Midwestern, and Southeastern United States,
and had over 3,500 employees. As of the Petition Date,
Atlanta-based MovieStop operated 39 destination locations in 10
states, primarily along the Eastern United States Coast.

Headquartered in Franklin, Massachusetts, SP Images, Inc., is a
distributor of sports and entertainment products and apparel.
Hastings, MovieStop and SPI are each wholly-owned subsidiaries of
DAC.

Cooley LLP and Whiteford Taylor Preston, LLP serve as counsel to
the Debtors. They tapped FTI Consulting as financial advisor, and
Rust Consulting/Omni Bankruptcy as claims and noticing agent.

Andrew Vara, acting U.S. trustee for Region 3, on June 21 appointed
seven creditors of Draw Another Circle, LLC, to serve on the
official committee of unsecured creditors.


DREW TRANSPORTATION: W. Hinson Appointed as Chap. 11 Trustee
------------------------------------------------------------
Judge Joseph N. Callaway of the United States Bankruptcy Court for
the Eastern District of North Carolina, Raleigh Division, found
that cause exists and it is in the best interest of the creditors
and estate of Drew Transportation Services, Inc., to appoint a
chapter 11 trustee pursuant to 11 U.S.C. sections 1104(a)(1) and
(2).

On June 14, 2016, the Bankruptcy Administrator filed an Emergency
Motion to Appoint a Chapter 11 Trustee or in the Alternative an
Order Converting the Case to a Chapter 7 Proceeding.

Judge Callaway denied the motion to dismiss, allowed the Emergency
Motion in part and appointed Mr. Walter Hinson, Esq. as the chapter
11 trustee in the case, declining to convert the case to a
proceeding under chapter 7.

The bankruptcy case is captioned IN RE: DREW TRANSPORTATION
SERVICES, INC., Debtor, Case No. 16-02609-5-JNC (Bankr. E.D.N.C.).

A full-text copy of Judge Callaway's July 7, 2016 memorandum
opinion is available at https://is.gd/6JrO9v from Leagle.com.

Drew Transportation Services, Inc. is represented by:

          Travis Sasser, Esq.
          2000 Regency Parkway, Suite 230
          Cary, NC 27518
          Tel: (919)319-7400
          Fax: (919)657-7400
          Email: tsasser@carybklaw.com


E & L YOUNG ENTERPRISES: Hires Naegele as Bankruptcy Counsel
------------------------------------------------------------
E & L Young Enterprises, Inc., seeks authority from the U.S.
Bankruptcy Court for the Northern District of California to employ
C. Alex Naegele, a Professional Law Corporation as general
bankruptcy counsel to the Debtor.

E & L Young Enterprises requires Naegele to:

   a. assist, advise, and represent the Debtor in interactions
      with creditors and interested parties and their attorneys
      and agents as is necessary during the pendency of the
      Chapter 11 case;

   b. assist, advise, and represent the Debtor in reviewing
      claims and where necessary objecting to claims;

   c. assist, advise and represent the Debtor in any issues
      associated with the acts, conduct, assets, liabilities, and
      financial condition of the Debtor, and any other matters
      relevant to the case or to the formulation of the plan or
      reorganization or liquidation;

   d. assist, advise, and represent the Debtor in the
      negotiation, formulation, preparation and submission of any
      plan of reorganization and disclosure statement;

   e. assist, advise and represent the Debtor in the performance
      of its duties and the exercise of its powers under the
      Bankruptcy Code and the Bankruptcy Rules and in the
      performance of such other services as are in the interest
      of the Debtor;

   f. appear at all bankruptcy court hearings, U.S. Trustee
      meetings and meeting of creditors on behalf of the Debtor;

   g. prepare monthly operating reports and other tax and
      accounting work;

   h. assist, advise, and represent the Debtor on litigation
      matters, as necessary to the reorganization of the Debtor;
      and

   i. provide such other necessary advice and services as the
      Debtor may require in connection with this case.

Naegele will be paid at these hourly rates:

     C. Alex Naegele         $250
     Paralegal               $50

Naegele will be paid a retainer in the amount of $10,000 which
included payment of the $1,717 filing fee, of which Naegele has
drawn down the sum of $3,967 to cover all fees and expenses
incurred on behalf of the Debtor prior to the filing of the
petition on June 28, 2016.

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

C. Alex Naegele, member of the law firm C. Alex Naegele a
Professional Law Corporation, 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.

Naegele can be reached at:

     C. Alex Naegele, Esq.
     C. ALEX  NAEGELE,
     A PROFESSIONAL LAW CORPORATION
     95 South Market Street, Suite 300
     San Jose, CA 95113
     Tel: (408) 995-3224
     Fax: (408) 890-4645
     Email: alex@canlawcorp.com

                       About E&L Young Enterprises

E&L Young Enterprises, Inc. is a tile and granite installer and
contractor, based in San Leandro, Calif.  It filed a Chapter 11
bankruptcy petition (Bankr. N.D. Cal. Case No. 16-41784) on June
28, 2016. The Debtor is represented by Charles Alex Naegele, Esq.


EC ABATEMENT: U.S. Trustee Unable to Appoint Creditors' Committee
-----------------------------------------------------------------
The U.S. Trustee for the Eastern District of New York is unable to
appoint a committee of unsecured creditors in the Chapter 11
bankruptcy case of EC Abatement Inc.  
          
EC Abatement Inc. filed for Chapter 11 bankruptcy protection
(Bankr. E.D.N.Y. Case No. 16-72505) on June 6, 2016.


ENERGY FUTURE: Contrarian Seeks Mediation on 2nd Amended Plan
-------------------------------------------------------------
BankruptcyData.com reported that Contrarian Capital Management
filed with the U.S. Bankruptcy Court a motion for entry of an order
directing Energy Future Holdings (EFH) parties to mediate certain
issues related to the Second Amended Joint Plan of Reorganization.
The motion explains, "The T-Side confirmation hearing approaches,
the disputed issues dividing the E-Side and T-Side estates have not
been resolved.  As highlighted at the hearing to consider the
T-Side Disclosure Statement, the T-Side plan seeks to use valuable
assets owned by EFH for no consideration.  These assets include
EFH's tax attributes and shared services to be provided by EFH.
Although Contrarian and Fidelity Management and Research Co. have
attempted to start a settlement dialogue -- at the purported
invitation of the TCEH First Lien group -- there have not been any
meaningful settlement negotiations to date.  Thus, to avoid the
time, expense and delay of a hotly contested plan confirmation
hearing; Contrarian respectfully submits that the Court should
compel the parties to mediate their outstanding disputes.  If the
mediation process for these disputes proves as successful as
previous mediation efforts in these cases, the Court may save
significant time and resources."

                   About Energy Future

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

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

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

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

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

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

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

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

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

                     *     *     *

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

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

In June 2016, Judge Sontchi approved the disclosure statement
explaining Energy Future Holdings Corp., et al.'s second amended
joint plan of reorganization of the TCEH Debtors and the EFH Shared
Services Debtors, and scheduled the hearing to confirm the Plan to
start at 10:00 a.m. (prevailing Eastern Time) on August 17, 2016.


ENERGY FUTURE: Equify to Auction $2M of Miscellaneous Equipment
---------------------------------------------------------------
Energy Future Holdings Corp. and its affiliates' attorneys on July
6, 2016, filed with the U.S. Bankruptcy Court for the District of
Delaware a notice disclosing that the Debtors are selling certain
surplus, obsolete, non-core, unused, or burdensome assets ("De
Minimis Assets").

Specifically, debtor Luminant Mining Company LLC intends to sell
these miscellaneous equipment:

   * Large Mining Equipment: dozers, front end loaders,
water trucks, end dumps, coal haulers, excavators, etc.

   * Support Equipment: pickup trucks, services trucks, etc.

   * Office Furniture: desks, chairs, filing cabinets, partitions,
etc.

   * Tools: standard mechanics’ tools and tool boxes

   * Shop Equipment: welding equipment, jack stands, etc.

   * Warehouse Items: hydraulic hoses, nuts and bolts, etc.

The Miscellaneous Equipment will be sold individually to a variety
of unknown parties via auction.  The auctioneer will be Equify
Auctions, LLC.

The proceeds Luminant receives will be subject to 8% commission to
be paid to the Auctioneer.

The value of the Miscellaneous Equipment is estimated at a range
of approximately $1.6 million to $2.3 million -- less commission
paid to the Auctioneer -- totaling approximately $1.47 million to
$2.1 million.

Any objection to the proposed sale must be submitted within 10
calendar days by mail or facsimile to counsel for the Debtors:  

          Attn: Natasha Hwangpo
          KIRKLAND & ELLIS LLP
          601 Lexington Avenue
          New York, New York 10022,
          Facsimile: (212) 446-4900

If a written objection is filed with the Court by the objection
deadline, the Debtors may only sell the De Minimis Assets upon
submission of a consensual form of order resolving the objection as
between the party and the Debtors, or upon further order of the
Court approving the sale or transfer of such De Minimis Assets.

                       About Energy Future

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

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

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

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

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


ENERGY FUTURE: Fidelity Preparing to Bid for Oncor With Creditors
-----------------------------------------------------------------
Jessica Dinapoli, writing for Reuters, reported that Fidelity
Investments is working on preparing a bid with other creditors of
Energy Future Holdings Corp to acquire through Energy Future's
bankruptcy the company's crown jewel, Oncor, according to people
familiar with the matter.

According to the report, Energy Future has been in bankruptcy for
over two years. Plans for Oncor, a utility serving Texas that is
prized for its steady cash flow, have come together and then
collapsed over that time, partly because of financing and
regulatory issues.  Fidelity would have been one of the owners of
Oncor had an earlier plan panned out, the report related.

Now, the mutual fund giant, seeking to protect its original
investment in Energy Future, joins a crowded field of bidders for
the power distribution company, the report further related.
NextEra Energy Inc is thought to be the lead bidder, according to
people familiar with the matter, and Warren Buffet's Berkshire
Hathaway Inc has also ramped up its interest in Oncor, the report
cited the people as saying.

Creditors have estimated Oncor's value at $19 billion, the report
noted.

                     About Energy Future

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

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

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

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

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

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

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

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

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

                     *     *     *

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

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

In June 2016, Judge Sontchi approved the disclosure statement
explaining Energy Future Holdings Corp., et al.'s second amended
joint plan of reorganization of the TCEH Debtors and the EFH Shared
Services Debtors, and scheduled the hearing to confirm the Plan to
start at 10:00 a.m. (prevailing Eastern Time) on August 17, 2016.


ESSAR STEEL: KPS Capital Consortium Agreement Terminated
--------------------------------------------------------
Essar Steel Algoma Inc. has received notice from the Term Lenders
that the Consortium Agreement between KPS Capital Partners LP and
certain Term Lenders has been terminated.  The Term Lenders have
indicated that they remain committed to a going-concern outcome for
Algoma and all of its stakeholders, and to closing the transaction
contemplated by the Asset Purchase Agreement as soon as possible.

As a result of this development Algoma is seeking an adjournment of
the motion for approval of the Asset Purchase Agreement.

Essar Steel Algoma CEO Kalyan Ghosh commented on the development,
"While it is unfortunate that KPS has withdrawn from the
consortium, I am pleased that the Term Lenders remain committed to
closing the transaction.  Algoma will seek to work with its
stakeholders to achieve the optimal outcome for the future of
Algoma, its employees, pensioners and the customers we serve."

                        About Essar Steel

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

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

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


FAIRWAY GROUP: S&P Withdraws 'D' Rating
---------------------------------------
S&P Global Ratings withdrew its ratings on New York City-based
Fairway Group Holdings Corp. as S&P no longer perform surveillance
on the company following its emergence from bankruptcy protection
on July 3, 2016.  S&P previously lowered all ratings to 'D' in May
2016, when the company filed a prepackaged Chapter 11 agreement in
order to restructure.


FEDERATION EMPLOYMENT: Seeks Continued Employment of Broker
-----------------------------------------------------------
Federation Employment and Guidance Service, Inc., dba FEGS, filed a
supplemental application to the U.S. Bankruptcy Court for the
Eastern District of New York for the continued retention of Cushman
& Wakefield Realty of the Bronx, LLC, as real estate broker, nunc
pro tunc to January 1, 2016.

The Debtor said Cushman & Wakefield is entitled to a commission for
the work performed under the parties' Broker Agreement, from
January 1, 2016 forward, with respect to the sale of the
Properties, either because of Cushman & Wakefield's continued
engagement or on account of Cushman & Wakefield providing the
Debtor with a list of interested purchasers after the expiration of
the Broker Agreement and with a contract of sale executed within
180 days of such expiration, as set forth in the Broker Agreement.

The services to be provided by Cushman & Wakefield remain unchanged
and are further described in the Broker Agreement, but include:

   (a) marketing the Properties using such advertising,     
       solicitation of outside brokers, and other promotional and
       marketing activities as may be necessary and agreed upon
       with the Debtor;

   (b) analyzing offers and proposals from potential purchasers
       and offering recommendations to the Debtor in connection
       with any proposed transaction involving the Properties;

   (c) assistance with negotiations regarding any potential
       transaction involving the Properties; and

   (d) assistance with the consummation of any transactions
       involving the Properties.

As previously approved by the Court and more detailed in the Broker
Agreement, upon the sale of the Properties, Cushman & Wakefield
will be paid a commission which will be computed as follows for
each of the Properties:

   Rate                 Gross Sales Price
   ----                 -----------------
   5.4%         of      $0 - $5,000,000 Plus
   2.7%         of      $5,000,001 - $20,000,000 Plus
   1.8%         of      $20,000,001 - $50,000,000 Plus   
   0.9%         above   $50,000,000

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

                         About FEGS

Established in 1934 amidst the Great Depression, Federation
Employment & Guidance Service, Inc. ("FEGS") is a not-for-profit
provider of various health and social services to more than
120,000 individuals annually in the areas of behavioral health,
disabilities, housing, home care, employment/workforce, education,
youth and family services.  At its peak, FEGs' network of programs
operated over 350 locations throughout metropolitan New York and
Long Island and employed 2,217 highly skilled professionals.

FEGS sought Chapter 11 bankruptcy protection (Bankr. E.D.N.Y. Case
No. 15-71074) in Central Islip, New York on March 18, 2015.

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

The Debtor filed applications to hire Garfunkel, Wild, P.C., as
general bankruptcy counsel; Togut, Segal & Segal, LLP, as
co-counsel; JL Consulting LLC as Restructuring Advisor, as
restructuring advisor; Crowe Horwath, LLP as accountants; and Rust
Consulting/Omni Bankruptcy as claims and noticing agent.

The U.S. Trustee for Region 2 appointed three members to the
Official Committee of Unsecured Creditors.  The Committee tapped
Pachulski Stang Ziehl & Jones LLP as its counsel.


FINANCIAL RESOURCES: Hires Erik Planet as Accountant
----------------------------------------------------
Financial Resources of America, Inc. seeks permission from the U.S.
Bankruptcy Court for the Southern District of Florida to employ
Erik Planet of Erik's EZ Tax Service, Inc. as accountant.

The Debtor requires Erik Planet to:

   (a) advise the Debtor related to its reporting requirements and

       prepare the monthly operating reports as required;

   (b) take all necessary action and precaution to protect and
       preserve the Debtor's estate;

   (c) prepare, on the Debtor's behalf, all tax returns, business
       financial management reports, and monthly operating reports

       necessary to the administration of the estate; and

   (d) perform all other necessary accounting services and
       providing all other necessary financial and tax advice to
       the Debtor in connection with the Chapter 11 case.

The rates for Erik's EZ Tax Service, Inc. are $50-$400.

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

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

The firm can be reached at:

       Erik Planet
       ERIK'S EZ TAX SERVICE, INC.
       2611 SW Cameo Blvd.
       Port Saint Lucie, FL 34953

          About Financial Resources of America, Inc.

Financial Resources of America, Inc., filed a Chapter 11 bankruptcy
petition (Bankr. S.D. Fla. Case No. 16-17275) on May 20, 2016.
David L. Merrill, Esq., at Merrill PA, serves as bankruptcy counsel
to the Debtor.


FIRST QUANTUM: Fitch Affirms 'B' IDR, Off CreditWatch Negative
--------------------------------------------------------------
Fitch Ratings has affirmed Canada-based First Quantum Minerals
Ltd's (FQM) Long-Term Issuer Default Rating and senior unsecured
ratings at 'B'.  Simultaneously all ratings have been removed from
Rating Watch Negative (RWN) and a Stable Outlook has been assigned
to the Long-Term IDR.  The Recovery Rating applicable to FQM's
senior unsecured issues is 'RR4'.

The removal of RWN follows the completed sale of FQM's Kevitsa mine
for USD712 mil. in cash and the agreement of a new USD1.8 bil. core
banking facility.  The ratings were originally placed on RWN in
January 2016 pending further information regarding the company's
targeted USD1bn asset sales programme and the outcome of covenant
negotiations with FQM's bank.  The new bank facility includes an
extended amortization schedule and less restrictive covenant
levels.

                       KEY RATING DRIVERS

Credit Metrics Remain Elevated

Fitch expects FQM's FFO adjusted gross leverage to peak at around
7.0x in 2016.  This is high for the current ratings and reflects a
combination of factors, including the cyclical downturn in copper
prices, past delays in the ramp-up of the new Sentinel mine and
Kansanshi smelter in Zambia, and ongoing spending on the
development of the Cobre Panama mine.

However, after 2016 we see a trend of declining leverage metrics,
to 5.5x for end-2017 and 4.0x for end-2018.  This trend primarily
reflects higher absolute EBITDA from the ramp-up of projects
completed in the past year (the Kansanshi smelter and Sentinel
mine), together with modest copper prices increases.

Liquidity Now Adequate

Over the three years to end-2018 Fitch projects that FQM will have
aggregate negative free cash flow (FCF) of around USD1.5 bil. and
scheduled debt repayments of USD886 mil., which primarily reflect
the ongoing development of Cobre Panama (scheduled to commence
production by end-2018).

Following the recent refinancing Fitch now views the company's
liquidity as adequate, reflecting a combination of: (i) reported
cash (USD894 mil. as of end-June 2016), (ii) USD592 mil. of
committed undrawn facilities (maturing in 2019), (iii) USD628 mil.
available to drawn down under the USD1 bil. precious metals
streaming agreement with Franco Nevada Corp, and (iv) approximately
USD485m from Korea Panama Mining Corp for its share of development
costs for Cobre Panama.  Additionally FQM is negotiating a project
finance facility of up to USD2.5 bil. in respect of Cobre Panama,
which the company expects to finalize towards end-1H17 (Fitch has
not, however, included this facility in our base rating case).

Large Project Pipeline

In recent years FQM has been working through a large project
pipeline, including the construction of the new Kansanshi copper
smelter and Sentinel mine in Zambia, as well as the Cobre Panama
mine in Panama.  FQM management has taken steps to reduce 2016
capex to around USD1 bil., largely through the reduction/deferral
of USD940m of capex at Cobre Panama.  However, Fitch still expects
capex to average USD1.2 bil. per year in 2017 and 2018, resulting
in negative FCF over this period.  Fitch expects absolute debt
levels to peak at around USD6.5 bil. in 2016 and remain above
USD6bn over the period to 2018.

Large Zambian Operational Exposure

Assets in Zambia contributed over 45% of group revenues and 38% of
EBITDA in 2015 and this share is expected by Fitch to increase in
the short-term as the Kansanshi smelter and Sentinel mine reach
full output.  In Fitch's opinion, the business environment for
miners operating in Zambia has become more uncertain over the past
two years.  This includes with respect to dealings with the
government (enactment of new legislation for the mining sector) as
well as some operational considerations (eg. power shortages).
Recently, however, FQM has reported that the availability of power
supply from Zesco has stabilized.

In February 2016, the Outlook on Zambia's Long-Term Foreign
Currency IDR of 'B' was revised to Negative from Stable.  This
action reflected a combination of falling copper revenue and
slowing growth which has led to persistent and large fiscal
deficits and a doubling of gross general government debt since
2012.  Fitch expects GDP growth to slow to around 3.7% in 2016,
compared with the 2010-2014 average of 7%, due to weaker copper
prices and production and a power supply deficit.

                         KEY ASSUMPTIONS

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

   -- Fitch's copper price assumptions: USD4,800/t in 2016,
      USD5,200/t in 2017, USD6,000/t in 2018 and USD6,500/t
      thereafter
   -- Volumes as per management guidance
   -- Total capex (including third party contribution to the Cobre

      Panama) of approximately USD1 bil. in 2016 and USD1.2 bil.
      in 2017, decreasing to USD1.1 bil. in 2018 and USD0.8 bil.
      in 2019
   -- Additional cash inflows from the ENRC promissory notes, the
      Franco-Nevada streaming facility and the KPMC contribution
      as currently planned

RATING SENSITIVITIES

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

   -- FFO gross leverage below 4.0x
   -- Return to positive FCF generation

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

   -- FFO gross leverage failing to fall towards 5.0x by 2018
   -- Significant problems or delays at key development projects,
      delaying the expected improvement in EBITDA generation and
      credit metrics
   -- Measures taken by the Zambian government materially
      adversely affecting cash flow generation or the operating
      environment


FREDERICK KEITEL: Plan to Pay Unsecured Creditors in Full
---------------------------------------------------------
Frederick Keitel, III, on July 12 filed with the U.S. Bankruptcy
Court for the Southern District of Florida a Chapter 11 plan of
reorganization, which proposes to pay unsecured creditors in full.

Under the restructuring plan, unsecured creditors who are
classified in Class 6 will be paid in full over a period of 24
months.  Mr. Keitel will pay $5,342 per month until all creditors
are paid.  The total amount of Class 6 unsecured claims is
$128,231, according to court filings.

A copy of the disclosure statement detailing the Chapter 11 plan is
available for free at https://is.gd/ozq1Fa

Mr. Keitel can be reached through his counsel:

     Brian K. McMahon, Esq.
     Brian K. McMahon, P.A.
     1401 Forum Way, 6th Floor
     West Palm Beach, FL 33401
     Tel: (561) 478-2500
     Fax: (561) 478-3111
     Email: briankmcmahon@gmail.com

                        About Frederick Keitel

Frederick J. Keitel, III sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Fla. Case No. 15-21654) on June 29,
2015.  

Mr. Keitel owns various interests in companies that own commercial
real estate.  At the time of the filing of his case, Mr. Keitel's
companies and their assets were valued at over $20 million.


FRESH & EASY: Selling Big Kahuna to Peach Systems for $25K
----------------------------------------------------------
Fresh & Easy, LLC's attorneys on July 8, 2016, filed with the U.S.
Bankruptcy Court for the District of Delaware a notice disclosing
that the Debtor is selling its miscellaneous assets consisting of
the trademark "The Big Kahuna" and certain related images and
designs to Peach Systems, Inc., d/b/a Specialty Cellars for
$25,000.  If no objections are received by the Debtor by July 12,
2016 at 5:00 p.m., then the Debtor may proceed with the proposed
sale in accordance with the terms of the Court's Dec. 3, 2015 order
approving the sale of miscellaneous assets.

                        About Fresh & Easy

Fresh & Easy, LLC, a chain of grocery stores in the Southwest
United States, filed a Chapter 11 bankruptcy petition (Bankr. D.
Del., Case No. 15-12220) on Oct. 30, 2015.  The petition was signed
by Peter McPhee, the chief financial officer.  The Debtor estimated
assets of $10 million to $50 million and liabilities of at least
$100 million.

Judge Christopher S. Sontchi is assigned to the case.

The Debtor has engaged Cole Schotz P.C. as counsel, Epiq Bankruptcy
Solutions, LLC, as claims and noticing agent, DJM Realty Services,
LLC, and CBRE Group, Inc., as real estate consultants and FTI
Consulting, Inc., as restructuring advisors.

                           *     *     *

The Debtor has undertaken the process of liquidating the estate's
assets located at its retail locations and distribution center with
the assistance of Hilco Merchant Resources, LLC, and Industrial
Assets Corp., respectively, has engaged DJM Realty Services, LLC,
and CBRE, Inc., to market its leasehold interests, and has
recently engaged Hilco Streambank to assist with the disposition of
its intellectual property.

As part of the claims process, a bar date of Feb. 19, 2016, was
established by the Court for creditor claims.


FRYMIRE SERVICES: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Frymire Services, Inc.
        2818 Satsuma Drive.
        Dallas, TX 75229

Case No.: 16-32814

Chapter 11 Petition Date: July 15, 2016

Court: United States Bankruptcy Court
       Northern District of Texas (Dallas)

Judge: Hon. Stacey G. Jernigan

Debtor's Counsel: Bryan Christopher Assink, Esq.
                  CURTIS CASTILLO, P.C.
                  901 Main St., Ste. 6515
                  Dallas, TX 75202
                  Tel: (214) 752-2222
                  Fax: (214) 752-0709
                  E-mail: bassink@curtislaw.net

                    - and -

                  Mark A. Castillo, Esq.
                  CURTIS CASTILLO, P.C.
                  901 Main Street, Suite 6515
                  Dallas, TX 75202
                  Tel: (214) 752-2222
                  Fax: (214) 752-0709
                  E-mail: mcastillo@curtislaw.net

                    - and -

                  Joshua Lee Shepherd, Esq.
                  CURTIS CASTILLO, P.C.
                  901 Main St., Ste. 6515
                  Dallas, TX 75202
                  Tel: (214) 752-2222
                  Fax: (214) 752-0709
                  E-mail: jshepherd@curtislaw.net

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by George R. Frymire, president.

A copy of the Debtor's list of its 20 largest unsecured creditors
is available for free at http://bankrupt.com/misc/txnb16-32814.pdf


GARDENS REGIONAL: Committee Hires Sills Cummis as Co-Counsel
------------------------------------------------------------
The Official Committee of Unsecured Creditors of Gardens Regional
Hospital and Medical Center, Inc. dba Gardens Regional Hospital and
Medical Center, seeks authorization from the U.S. Bankruptcy Court
for the Central District of California to retain Sills Cummis &
Gross P.C. as co-counsel to the Committee.

The Committee requires Sills to:

   1. provide legal advice regarding the Committee's rights,
      powers, and duties in this case;

   2. prepare all necessary applications, answers, responses,
      objections, orders, reports, and other legal papers;

   3. represent the Committee in any and all matters arising in
      This case, including any dispute or issue with the Debtor
      or other third parties;

   4. assist the Committee in its investigation and analysis of
      The Debtor, its capital structure, and issues arising in or
      related to this case, including but not limited to the
      review and analysis of all pleadings, claims, and
      bankruptcy plans that might be filed in this case, and any
      negotiations or litigation that may arise out of or in
      connection with such matters, the Debtor's operations, the
      Debtor's financial affairs, and any proposed disposition of
      the Debtor's assets;

   5. represent the Committee in all aspects of any sale and
      bankruptcy plan confirmation proceedings; and

   6. perform any and all other legal services for the Committee
      That may be necessary or desirable in this case.

Sills will be paid at these hourly rates:

     Andrew H. Sherman          $525

     Boris I. Mankovetskiy      $475

     Lucas F. Hammonds          $350

     Members                    $400-$740

     Of Counsel                 $375-$725

     Associates                 $295-$495

     Paralegals                 $100 to $295

According to the Committee, the interim payment of fees to its
co-counsel, Sills Cummis and Lobel Weiland Golden Friedman LLP,
will be capped at a combined $50,000 per month, with payment of any
allowed fees in excess of $50,000 per month deferred until
confirmation of a plan in this case, dismissal of this case, or
approval of a trustee's final report in this case if the case is
converted to a case under Chapter 7 of the Bankruptcy Code.

The monthly cap shall be subject to "roll forward" and "roll
backward" application --  i.e., cap space from months in which the
cap is not reached will be applied to amounts in excess of the cap
in months in which the cap is exceeded regardless of whether the
months in which the cap is exceeded precede or follow the months in
which the cap is not met. For example, if the fees for one month
are $60,000 and the next month's fees are $40,000, Lobel Weiland
can apply the $10,000 in unused cap space from the $40,000 month to
the $10,000 overage from the $60,000 month.

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

Andrew H. Sherman, member of Sills Cummis & Gross P.C., assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtors and their estates.

Sills can be reached at:

     Andrew H. Sherman, Esq.
     Boris I. Mankovetskiy, Esq.
     Lucas F. Hammonds, Esq.
     SILLS CUMMIS & GROSS P.C.
     One Riverfront Plaza
     Newark, NJ 07102
     Telephone: (973) 643-7000
     Facsimile: (973) 643-6500
     E-mail: asherman@sillscummis.com
             bmankovetskiy@sillscummis.com
             lhammonds@sillscummis.com

                    About Gardens Regional

Gardens Regional Hospital and Medical Center, Inc., fka Tri-City
Regional Medical Center, leases a 137- bed, acute care hospital
doing business at 21530 South Pioneer Boulevard, Hawaiian Gardens,
Los Angeles, California. The Debtor provides a full range of
inpatient and outpatient services, including, but not limited to,
medical acute care, general surgical services, bariatric surgery
services (for weight loss), spine surgery services, orthopedic and
sports medicine and joint replacement services, wound care and pain
management services, physical therapy, respiratory therapy,
outpatient ambulatory services, diagnostic services, radiology and
inpatient/outpatient imaging services, laboratory and pathology
services, geriatric services, and community wellness and education
programs.

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. C.D.
Calif. Case No. 16-17463) on June 6, 2016, estimating its assets at
between $1 million and $10 million, and liabilities at between $10
million and $50 million.  The petition was signed by Brian Walton,
chairman of the Board.  Judge Ernest M. Robles presides over the
case. Samuel R Maizel, Esq., and John A Moe, Esq., at Dentons US
LLP serves as the Debtor's bankruptcy counsel.


GARDENS REGIONAL: Creditors' Panel Hires Lobel as Co-Counsel
------------------------------------------------------------
The Official Committee of Unsecured Creditors of Gardens Regional
Hospital and Medical Center, Inc. dba Gardens Regional Hospital and
Medical Center, seek authorization from the U.S. Bankruptcy Court
for the Central District of California to retain Lobel Weiland
Golden Friedman LLP as co-counsel to the Committee.

The Committee requires Lobel to:

   1. advise the Committee concerning the rights and remedies of
      creditors and of the Committee in regards to the Debtor's
      assets;

   2. represent the Committee in any proceeding or hearing,
      including, without limitation, lien avoidance, preference
      avoidance, and fraudulent conveyance litigation, in the
      Bankruptcy Court, and in any action where the rights
      of the estate or creditors may be litigated or affected;

   3. assist the Committee in reviewing the sale of assets and
      any plans of reorganization filed by the Debtor or other
      interested party and assisting the Committee in its
      analysis of any plans;

   4. facilitate communication between the Committee and the
      Debtor;

   5. assist the Committee with formulating a plan of
      reorganization, if appropriate; and

   6. represent the Committee at hearings in connection with
      disclosure statements and plan confirmation.

Lobel will be paid at these hourly rates:

     Jeffrey I. Golden       $450

     Christopher J. Green    $350

     Jeffrey I. Golden       $450

Interim payment of Sills Cummis & Gross P.C.'s and Lobel's fees for
their services as co-counsel for the Committee will be capped at a
combined $50,000 per month, with payment of any allowed fees in
excess of $50,000 per month deferred until confirmation of a plan
in this case, dismissal of this case, or approval of a trustee's
final report in this case if the case is converted to a case under
Chapter 7 of the Bankruptcy Code.

The monthly cap shall be subject to "roll forward" and "roll
backward" application -- i.e., cap space from months in which the
cap is not reached will be applied to amounts in excess of the cap
in months in which the cap is exceeded regardless of whether the
months in which the cap is exceeded precede or follow the months in
which the cap is not met. For example, if the fees for one month
are $60,000 and the next month's fees are $40,000, Lobel can apply
the $10,000 in unused cap space from the $40,000 month to the
$10,000 overage from the $60,000 month.

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

Jeffrey I. Golden, member of Lobel Weiland Golden Friedman LLP,
assured the Court that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code and does
not represent any interest adverse to the Debtors and their
estates.

Lobel can be reached at:

     Jeffrey I. Golden, Esq.
     Christopher J. Green, Esq.
     LOBEL WEILAND GOLDEN FRIEDMAN LLP
     650 Town Center Drive, Suite 950
     Costa Mesa, CA 92626
     Tel: (714) 966-1000
     Fax: (714) 966-1002
     E-mail: jgolden@lwgfllp.com
             cgreen@lwgfllp.com

                    About Gardens Regional

Gardens Regional Hospital and Medical Center, Inc., fka Tri-City
Regional Medical Center, leases a 137- bed, acute care hospital
doing business at 21530 South Pioneer Boulevard, Hawaiian Gardens,
Los Angeles, California. The Debtor provides a full range of
inpatient and outpatient services, including, but not limited to,
medical acute care, general surgical services, bariatric surgery
services (for weight loss), spine surgery services, orthopedic and
sports medicine and joint replacement services, wound care and pain
management services, physical therapy, respiratory therapy,
outpatient ambulatory services, diagnostic services, radiology and
inpatient/outpatient imaging services, laboratory and pathology
services, geriatric services, and community wellness and education
programs.

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. C.D.
Calif. Case No. 16-17463) on June 6, 2016, estimating its assets at
between $1 million and $10 million, and liabilities at between $10
million and $50 million. The petition was signed by Brian Walton,
chairman of the Board. Judge Ernest M. Robles presides over the
case. Samuel R Maizel, Esq., and John A Moe, Esq., at Dentons US
LLP serves as the Debtor's bankruptcy counsel.


GENERAL MOTORS: Avoids Some Claims in Faulty Ignition Switch Suits
------------------------------------------------------------------
Erik Larson, writing for Bloomberg News, reported that a federal
judge dismissed a swathe of customer claims in the nationwide
litigation over General Motors Co.'s deadly ignition switch defect
that triggered the recall of millions of vehicles two years ago.

According to the report, the July 15 ruling by a Manhattan federal
judge comes two days after an appeals court dealt GM a blow by
reviving hundreds of related cases that had been blocked by the
carmaker's 2009 trip through bankruptcy court.  GM's shifting
fortunes in the case come as the Detroit-based company prepares for
a third test trial over the flaw, set to start in September, the
report related.  GM won the first two, the report noted.

U.S. District Judge Jesse Furman, who has been managing hundreds of
consolidated cases and is overseeing a series of test trials,
targeted one of the plaintiffs' key claims -- that customers
deserve financial compensation due to the reduction in resale value
of the vehicles caused by damage to GM's reputation and brand, the
report further related.  The lawyers have argued those claims are
worth as much as $10 billion, though GM disputes that figure, the
report said.

"The court finds that that novel theory of damages is unsound in
light of persuasive precedent interpreting consumer protection
law," the report cited Judge Furman as saying.

Judge Furman also rejected plaintiffs' allegations under the
Racketeer Influenced and Corrupt Organizations Act, saying the
claims of a coverup "fail to allege the existence of an
'enterprise' within the meaning" of the statute, the report further
related.

The case is In re General Motors LLC Ignition Switch Litigation,
14-MD-2543, U.S. District Court, Southern District of New York
(Manhattan).

                    About General Motors

With its global headquarters in Detroit, Michigan, General Motors
-- http://www.gm.com/-- is one of the world's largest automakers,
traces its roots back to 1908.

General Motors Co. was formed to acquire the operations of
General Motors Corp. through a sale under 11 U.S.C. Sec. 363
following Old GM's bankruptcy filing.  The U.S. government
provided financing.  The deal was closed July 10, 2009, and Old GM
changed its name to Motors Liquidation Co.

Old GM -- General Motors Corporation -- filed for Chapter 11
protection (Bankr. S.D.N.Y. Lead Case No. 09-50026) on June 1,
2009.  The Honorable Robert E. Gerber presides over the
Chapter 11 cases.  The Debtors tapped Weil, Gotshal & Manges LLP
Jenner & Block LLP and Honigman Miller Schwartz and Cohn LLP as
counsel; and Morgan Stanley, Evercore Partners and the Blackstone
Group LLP as financial advisor.  Garden City Group is the claims
and notice agent of the Debtors.

The U.S. Trustee appointed an Official Committee of Unsecured
Creditors and a separate Official Committee of Unsecured
Creditors Holding Asbestos-Related Claims.  Lawyers at Kramer
Levin Naftalis & Frankel LLP served as bankruptcy counsel to the
Creditors Committee.  Attorneys at Butzel Long served as counsel
on supplier contract matters.  FTI Consulting Inc. served as
financial advisors to the Creditors Committee.  Elihu Inselbuch,
Esq., at Caplin & Drysdale, Chartered, represented the Asbestos
Committee.  Legal Analysis Systems, Inc., served as asbestos
valuation analyst.

The Bankruptcy Court entered an order confirming the Debtors'
Second Amended Joint Chapter 11 Plan on March 29, 2011.  The Plan
was declared effect on March 31.

On Dec. 15, 2011, Motors Liquidation was dissolved.  On the
Dissolution Date, pursuant to the Plan and the Motors Liquidation
Company GUC Trust Agreement, dated March 30, 2011, between the
parties thereto, the trust administrator and trustee
-- GUC Trust Administrator -- of the Motors Liquidation Company
GUC Trust, assumed responsibility for the affairs of and certain
claims against MLC and its debtor subsidiaries that were not
concluded prior to the Dissolution Date.

                         *     *     *

The Troubled Company Reporter, on Aug. 29, 2014, reported that
Fitch Ratings has affirmed the Issuer Default Ratings (IDRs) of
General Motors Company (GM) and its General Motors Holdings LLC
(GM Holdings) subsidiary at 'BB+'.  In addition, Fitch has
affirmed GM Holdings' secured revolving credit facility rating at
'BBB-' and GM's senior unsecured notes rating at 'BB+'.  The
Rating Outlook for GM and GM Holdings is Positive.


GENERAL PRODUCTS: Metal Technologies Appointed to Committee
-----------------------------------------------------------
The Office of the U.S. Trustee on July 15 appointed Metal
Technologies of Indiana, Inc., to serve on the official committee
of unsecured creditors of General Products Corp.

The bankruptcy watchdog had earlier appointed RCM Industries Inc.,
Bremen Castings Inc., Haggard & Stocking Associates Inc., General
Aluminum Mfg. Co., and Great Lakes Die Cast Corp., court filings
show.

Metal Technologies can be reached through:

     Jeffrey L. Turner
     Metal Technologies of Indiana, Inc.
     1401 S. Grandstaff Drive
     Auburn, IN 46706
     Phone: 260-920-2115
     Fax: 260-925-4737
     Email: jturner@metal-techonolgies.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.


GREGORY REDFORD: Plan to Pay Unsecured Creditors in Full
--------------------------------------------------------
Gregory and Nevis Gail Redford on July 12 filed with the U.S.
Bankruptcy Court for the Western District of Kentucky a Chapter 11
plan of reorganization, which proposes to pay unsecured creditors
in full.

Under the restructuring plan, unsecured creditors who are
classified in Class 7 will be paid in full, without interest, over
a period of 60 months commencing six months following the effective
date of the plan.  

The Redfords will pay $1,085 per month to the unsecured creditors,
who assert a total of $54,996 in claims.

A copy of the disclosure statement detailing the Chapter 11 plan is
available for free at https://is.gd/TS8mzR

The Debtors can be reached through their counsel:

     David M. Cantor, Esq.
     Seiller Waterman LLC
     Meidinger Tower, 22nd Floor
     462 S. Fourth Street
     Louisville, Kentucky 40202
     Telephone: (502) 584-7400
     Facsimile: (502) 583-2100
     Email: cantor@derbycitylaw.com

                       About The Redfords

Gregory Redford and Nevis Gail Redford are individuals residing in
Adair County, Kentucky.  The Debtors do business as Old Craftsman
Furniture and Cabinet Shop, a furniture and cabinet making business
in Columbia.

Gregory Redford and Nevis Gail Redford filed a joint Chapter 11
petition (Bankr. W.D. Ky. Case No. 15-10824) on Aug. 18, 2015,
represented by David M. Cantor, Esq., at Seiller Waterman LLC.

No trustee or committee of any kind has been appointed in
connection with this Chapter 11 case.


GRIZZLY LAND: Ch.11 Trustee Hires Cordes & Co as Accountant
-----------------------------------------------------------
Edward B. Cordes, the Chapter 11 trustee for Grizzly Land, LLC,
asks for permission from the U.S. Bankruptcy Court for the District
of Colorado to employ Cordes & Company to provide accounting and
related services to the Trustee, nunc pro tunc to June 2, 2016.

The professional services rendered or to be rendered in the future
by Cordes & Co. for the Trustee are essential and generally include
assisting the Trustee with the following:

   (a) complying with his obligations with respect to financial
       and accounting record-keeping and disclosure;

   (b) performing accounting-related tasks and functions for the
       Trustee and the estate;

   (c) providing forensic accounting services and related
       analytical tasks regarding the nature and extent of the
       Debtor's assets, liabilities, and financial transactions;
       and

   (d) other necessary services related to the foregoing.

Cordes & Company will be paid at these hourly rates:

       Edward B. Cordes               $385
       Robert Neirynck                $235
       Beverly Blank                  $125
       Other Support Staff            $70-$125

Cordes & Company will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Robert Neirynck, director and senior project manager of Cordes &
Company, 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.

Cordes & Company can be reached at:

       Robert Neirynck
       CORDES & COMPANY
       5299 DTC Blvd., Suite 815
       Greenwood Village, CO 80111
       Tel: (303) 721-8755

                      About Grizzly Land

Grizzly Land LLC sought Chapter 11 protection (Bankr. D. Col. Case
No. 16-11757) in Denver on March 1, 2016.  Judge Thomas B. McNamara
is assigned to the case.  The petition was signed by Kirk A.
Shiner, DVM, manager.  The Debtor estimated $10 million to $50
million in assets and debt.  Lee M. Kutner, Esq., at Kutner Brinen
Garber, P.C., serves as counsel to the Debtor.


HAITHAM SADEQ: Skyline Square Condo Unit Sale for $310K Approved
----------------------------------------------------------------
Judge Robert G. Mayer of the U.S. Bankruptcy Court for the Eastern
District of Virginia, Alexandria Division, authorized debtors
Haitham Sadeq and Rola Sabbagh to sell real property located at
5501 Seminary Road, Unit 405S, and Parking Space #PS90/G-2, Falls
Church, Fairfax County, Virginia to Chong Soh for $310,000.

The Debtors are the owners of Condominium Unit 405-S in the Skyline
Square Condominium with the exclusive right to use the limited
common element parking space identified as Number G2-90.

Zafar Mian is substituted as the real estate agent for the Debtor
is to be compensated pursuant to the contract and the commission
agreement with the Debtor, and to share his commission with the
real estate broker for the buyer.

From the proceeds of the sale, the settlement agent will pay the
first lien securing Bank United of approximately $19,500; the lis
pendens in favor of  Messrs. Khan and Nida in the sum of $86,400;
real estate commission of $17,050, all other reasonable, necessary
and customary settlement fees, with the balance of the proceeds to
be deposited in the debtor-in-possession account.

Haitham Sadeq and Ola Sabbagh filed a voluntary petition under
chapter 11 of the Bankruptcy Code (Bankr. E.D. Va. Case No.
14-13504) on Sept. 22, 2014.  Bennett A. Brown, at the Law Office
of Bennett A. Brown, serves as the Debtors' counsel.


HANCOCK FABRICS: Has $9.3M Offer for Lee County Property
--------------------------------------------------------
Hancock Fabrics, Inc., and its affiliates ask the U.S. Bankruptcy
Court for the District of Delaware to authorize the private sale of
a certain real property located at One Fashion Way, Baldwyn, Lee
County, MS, along with all of the improvements located thereon and
a certain personal property located therein to Southern Motion,
Inc., for $9,300,000.

A hearing for the Motion is set for July 28, 2016 at 10:00 a.m.
(ET).  The objection deadline is on July 21, 2016 at 4:00 p.m.
(ET).

The Property has been used as the Debtor's corporate headquarters,
warehouse and distribution facility since it was acquired by
Hancock Fabrics in 1992.  The Debtors are efficiently and
effectively winding down their retail and headquarters operations
and, given this wind-down, the Property and the Personal Property
no longer serve any purpose to the bankruptcy estates.

The Property and Personal Property constitute collateral for the
Debtors' obligations under its postpetition DIP credit facility.
The Debtors have also stipulated that the Property and the Personal
Property constitutes collateral of its prepetition Secured Notes
due 2017.  Hancock Fabrics has agreed with its creditors to sell
the Property by Aug. 30, 2016.

Hancock Fabrics engaged real estate consultant A&G Realty LLC
("A&G") to list the Property for sale and market it to potential
real estate purchasers in the event a going concern sale did not
come to fruition.  The services agreement between A&G and Hancock
Fabrics expressly provides that A&G was to receive no compensation
in the event that the Property was sold as part of a going concern
transaction.  As a result of A&G's efforts, the Debtors received
two qualified offers for the Property, the highest of which was
received from the Buyer.

The Purchase and Sale Agreement, dated as of July 7, 2016,
contains, among others, these salient terms:

   a) Legal Description and Address of Property:  That certain
property, with improvements thereon, located in Lee County,
Mississippi at 1 Fashion Way, Baldwyn, Mississippi 38824.

   b) Purchase Price: $9,300,000

   c) Earnest Money Deposit and Closing: The Purchase Price will be
paid in the following increments:

          (i) Buyer will deposit $465,000, cash, with the Escrow
Agent within three business days of the Effective Date; and

         (ii) Buyer will deliver $8,835,000, cash,  subject to
adjustment in accordance with the terms of the Purchase & Sale
Agreement, at the Closing.

   d) Closing: No later than Aug. 10, 2016

   e) Sale Free and Clear: Property will be transferred to the
Buyer free and clear of all liens, claims, encumbrances, and
interests of any kind or nature to the fullest extent permitted by
Section 363 of the Bankruptcy Code.

Attorneys for the Debtors:

          Rachel L. Biblo
          Mark D. Collins
          Michael J. Merchant
          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

              - and -

          Stephen H. Warren
          Karen Rinehart
          O'MELVENY & MYERS LLP
          400 South Hope Street
          Los Angeles, CA 90071-2899
          Telephone: (213) 430-6000
          Facsimile: (213) 430-6407

          Jennifer Taylor
          Two Embarcadero Center, 28th Floor
          San Francisco, CA 94111
          Telephone: (415) 984-8900
          Facsimile: (415) 984-8701

                      About Hancock Fabrics

Hancock Fabrics, Inc., is a specialty fabric retailer operating
stores under the name "Hancock Fabrics".  Hancock has 4,500
full-time and part time employees.  The Baldwyn, Mississippi-based
company is one of the largest fabric retailers in the United
States, operating 260 stores in 37 states as of October 31, 2015
and an internet store under the domain name
http://www.hancockfabrics.com/

Hancock Fabrics, Inc., and six of its affiliates, retailer of
fabric, sewing and accessories, filed Chapter 11 bankruptcy
petitions (Bankr. D. Del. Case Nos. 16-10296 to 16-10302) on
Feb. 2, 2016.  Dennis Lyons, the senior vice president and chief
administrative officer, signed the petitions.  Judge Brendan
Linehan Shannon is assigned to the jointly administered cases.

The Debtors have engaged O'Melveny & Myers LLP as general counsel,
Richards, Layton & Finger, P.A., as local counsel, Clear Thinking
Group LLC as financial advisor, Retail Consulting Services, Inc.
d/b/a Real Estate Advisors as real estate advisors and Kurtzman
Carson Consultants, LLC as claims and noticing agent.

The Debtors disclosed total assets of $151.4 million and total
debts of $182.1 million.  The Debtors owe its trade vendors
approximately $21.2 million as of Jan. 31, 2016.

On Feb. 11, 2016, the U.S. Trustee appointed an Official Committee
of Unsecured Creditors.


HANCOCK FABRICS: Selling Class Action Settlement Fund for $210K
---------------------------------------------------------------
Hancock Fabrics, Inc., and its affiliates ask the U.S. Bankruptcy
Court for the District of Delaware to authorize the sale of the
right to payment to which the Debtors may be entitled pursuant to
the Class Action Interchange Litigation to Class Action Capital
Recovery Fund I LP for $209,970.

A hearing for the Motion is set for July 28, 2016 at 10:00 a.m.
(ET).  The objection deadline is on July 21, 2016 at 4:00 p.m.
(ET).

In June of 2005, the first of more than 40 class complaints was
filed commencing the Class Action Interchange Litigation in the
U.S. District Court for the Eastern District of New York("E.D.N.Y.
Court") by various retailers and trade associations ("Plaintiffs")
against Visa U.S.A. Inc. and MasterCard International, Inc.
("Defendants").

The Plaintiffs allege, among other things, that the Defendants
conspired to unlawfully fix the price of "interchange fees" and
other fees charged to merchants for transactions processed over the
Visa and MasterCard networks.

On Dec. 13, 2013, the E.D.N.Y. Court entered an order ("Settlement
Order") granting approval of the settlement, which, among other
things, established a $6.05 billion settlement fund, reduced by 25%
to account for merchants who excluded themselves from the
settlement ("Settlement Fund"). The Debtors and other merchants who
paid interchange fees to the Defendants between Jan. 1, 2004 and
Nov. 28, 2012 may be eligible to receive a payment from the
Settlement Fund. If the Plaintiffs are ultimately successful, the
Debtors may be entitled to a pro rata monetary recovery ("Asset")
from the Settlement Fund.

The Settlement Order, among other orders entered in the Class
Action Interchange Litigation, has been appealed to the U.S. Court
of Appeals for the Second Circuit and remains pending.

Although the E.D.N.Y. Court approved the Settlement, the ultimate
value of the Asset and the timing of distribution are unknown. The
Debtors, the Committee, and their respective advisors determined
that soliciting bids from certain parties that specialize in the
purchase and sale of claims in the Class Action Interchange
Litigation would reduce the costs and expenses attendant to the
sale and serve to maximize value. The Debtors have determined that
the final bid submitted by the Purchaser constitutes the highest
and best offer for the Asset.

It is the Debtors' sound business judgment that, based on the value
to be realized by the sale of the Asset and the fact that the
proposed sale is the result of good-faith, arms'-length
negotiations between the Debtors and the Purchaser, the proposed
sale of the Asset to the Purchaser is in the best interest of the
Debtors, their estates and creditors.

Attorneys for the Debtors:

          Rachel L. Biblo
          Mark D. Collins
          Michael J. Merchant
          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

               - and -

         Stephen H. Warren
         Karen Rinehart
         O'MELVENY & MYERS LLP
         400 South Hope Street
         Los Angeles, CA 90071-2899
         Telephone: (213) 430-6000
         Facsimile: (213) 430-6407

         Jennifer Taylor
         Two Embarcadero Center, 28th Floor
         San Francisco, CA 94111
         Telephone: (415) 984-8900
         Facsimile: (415) 984-8701

                      About Hancock Fabrics

Hancock Fabrics, Inc., is a specialty fabric retailer operating
stores under the name "Hancock Fabrics".  Hancock has 4,500
full-time and part time employees.  The Baldwyn, Mississippi-based
company is one of the largest fabric retailers in the United
States, operating 260 stores in 37 states as of October 31, 2015
and an internet store under the domain name
http://www.hancockfabrics.com/

Hancock Fabrics, Inc., and six of its affiliates, retailer of
fabric, sewing and accessories, filed Chapter 11 bankruptcy
petitions (Bankr. D. Del. Case Nos. 16-10296 to 16-10302) on Feb.
2, 2016.  Dennis Lyons, the senior vice president and chief
administrative officer, signed the petitions.  Judge Brendan
Linehan Shannon is assigned to the jointly administered cases.

The Debtors have engaged O'Melveny & Myers LLP as general counsel,
Richards, Layton & Finger, P.A., as local counsel, Clear Thinking
Group LLC as financial advisor, Retail Consulting Services, Inc.
d/b/a Real Estate Advisors as real estate advisors and Kurtzman
Carson Consultants, LLC as claims and noticing agent.

The Debtors disclosed total assets of $151.4 million and total
debts of $182.1 million.  The Debtors owe its trade vendors
approximately $21.2 million as of Jan. 31, 2016.

On Feb. 11, 2016, the U.S. Trustee appointed an Official Committee
of Unsecured Creditors.


HEALTH INSURANCE: A.M. Best Cuts Fin. Strength Rating to 'B(fair)'
------------------------------------------------------------------
A.M. Best has removed from under review with negative implications
and downgraded the financial strength ratings to B (Fair) from B+
(Good) and the issuer credit ratings to "bb+" from "bbb-" of the
Health Insurance Plan of Greater New York (HIP), HIP Insurance
Company of New York, Group Health Incorporated (GHI) and
ConnectiCare, Inc. (ConnectiCare) (Farmington, CT). Each rating has
been assigned a stable outlook. All companies are subsidiaries of
EmblemHealth, Inc. and domiciled in New York, NY, unless otherwise
specified.

The downgrade reflects the sizeable decrease in risk-adjusted
capital in 2014 at HIP, the lead operating company, as well as
operating and net losses in 2015 that adversely impacted capital.
All insurance entities within the organization are subsidiaries of
HIP. Due to substantial operating losses over the past two years,
HIP's capital position has declined significantly. Additionally,
HIP's capital has also been negatively impacted by unrealized
losses from the decline in valuation of its subsidiaries due to
their unfavorable operating results. Underwriting losses for the
organization were predominantly reported by HIP and GHI, which are
the organization's core-operating entities for its New York
business. Furthermore, these losses were driven mainly by the
organization's health maintenance organization (HMO) and Medicare
Advantage products, which had previously been the organization's
main earnings driver.

EmblemHealth is working to reduce its medical expenditures through
initiatives that address both unit cost and utilization. To that
end, the organization is working to develop products for its New
York City health insurance operations with its multi-specialty
physician group partner, AdvantageCare Physicians (ACPNY). ACPNY's
physicians and specialists operate through locations across New
York City and Long Island. ACPNY provides quality, cost efficient
care, which can benefit the members of HIP and GHI while improving
operating results. EmblemHealth also has historically had a high
administrative expense ratio compared with peer companies. The
company has embarked on multiple initiatives to create operational
efficiencies and reduce administrative costs. Operating losses
across the organization have shown considerable moderation in 2015
and into the first quarter of 2016 with further improvement
projected for the rest of the year. Nevertheless, a return to
profitability and organic capital growth is not expected to resume
in the current year.

EmblemHealth continues to hold a solid share of its core market and
is growing enrollment in Connecticut. Through HIP and GHI, the
organization holds a solid market share in the Greater New York
City area, which includes the City of New York account.
Furthermore, ConnectiCare and its subsidiaries have reported
material enrollment gains over the past two years driven by
individual and Medicare Advantage membership gains.


HESS COMMERCIAL: Wants Exclusivity Period Extended to Aug. 10
-------------------------------------------------------------
Hess Commercial Printing, Inc., asks the U.S. Bankruptcy Court for
the Western District of Pennsylvania to extend exclusivity period
by 30 days or until Aug. 10, 2016, in order to further examine and
analyze certain tax liabilities, as well as to better gauge
historical performance based upon an update of the Debtor’s books
and records.

The Debtor in a small business case has the exclusive right to file
a Plan of Reorganization for a period of 180 days after the date of
the entry of the order for relief, or in this case until June 13,
2016.  The Court entered an order extending the exclusive period
during which the Debtor may file a Plan until July 13, 2016.

In addition, the bar date for all claims does not pass until Aug.
10, 2016.  In an effort to know the scope of all claims before
filing a plan, an extension of time would be appropriate.
Moreover, the Debtor entered into an agreed scheduling order with
the U.S. Trustee, which ordered that the Debtor will file a plan by
Aug. 10, 2016.

Accordingly, the Debtor requests an extension of time for
approximately 30 days, or until Aug. 10, 2016, to file a plan.

The Debtor's counsel can be reached at:

     QUINN BUSECK LEEMHUIS TOOHEY & KROTO, INC.
     Michael P. Kruszewski, Esq.
     E-mail: mkruszewski@quinnfirm.com
     2222 West Grandview Boulevard
     Erie, Pennsylvania 16506
     Tel: (814) 833-2222
     Fax: (814)833-6753

Hess Commercial Printing, Inc., sought protection under Chapter 11
of the Bankruptcy Code (Bankr. W.D. Penn., Case No. 16-20470) on
Feb. 12, 2016.  The Debtor is represented by Michael P.
Kruszewski,
Esq., at Quinn Law Firm.


HOLSTED MARKETING: Hires Harris as Accountants
----------------------------------------------
Holsted Marketing, Inc., d/b/a Holsted Jewelers, seeks
authorization from the U.S. Bankruptcy Court for the Southern
District of New York to employ Leonard Harris, CPA as accountants
for the Debtor.

The Debtor requires Harris to:

     a. prepare the monthly operating reports;

     b. prepare the state, federal and local tax returns;

     c. review the Debtor's accounting systems and procedures;

     d. assist the Debtor and its counsel in their investigation of
the Debtor's financial affairs, including determining whether the
Debtor's estate holds claims against third parties under the
Bankruptcy Code and other applicable law;

     e. assist the Debtor with respect to other matters in
connection with the Debtor's case.

Harris will be paid at these hourly rates:

     Leonard Harris                    $350
     Senior Accountants                $225
     Semi-Senior Accountants           $185
     Junior Accountants                $135
     Paraprofessionals                 $95

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

Leonard Harris, 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.

Harris may be reached at:

     Leonard Harris, CPA
     100 Merrick Road, Suite LL-1W
     Rockville Centre, NY 11570
     Phone: 516-594-4521
     
               About Holsted Marketing

Founded in 1971, Holsted Marketing is a New York-based multichannel
direct-marketing company, and has supplied fashion jewelry and
accessories to millions of customers in the United States, Canada
and the United Kingdom.  Holsted filed its second chapter 11
petition (Bankr. S.D.N.Y. Case No. 16-11683) on June 8,
2016.  The Company's bankruptcy counsel is SilvermanAcampora,
LLP, in Jericho, N.Y.

The Office of the U.S. Trustee appointed three creditors of Holsted
Marketing, Inc., to serve on the official committee of unsecured
creditors.


HORSEHEAD HOLDING: 2nd Amended Plan Filed; Disc. Statement Okayed
-----------------------------------------------------------------
BankruptcyData.com reported that Horsehead Holding filed with the
U.S. Bankruptcy Court a Second Amended Joint Plan of Reorganization
and related Disclosure Statement.  According to the Disclosure
Statement, "If confirmed and consummated, the Plan will eliminate
more than $400 million in debt from the Debtors' balance sheet.  To
effectuate the Plan, the Debtors will, pursuant to the UPA, receive
$160 million and permit Eligible Holders to commit to purchase up
to an additional $100 million on post-effective Date basis and
consequently participate in the Additional Capital Commitment. On
the effective date, Reorganized Horsehead shall issue New Common
Equity to: (a) holders of secured notes claims and unsecured notes
claims and the applicable Plan Sponsors, pursuant to the plan and
the UPA. The Reorganized Debtors shall fund distributions and
satisfy applicable Allowed Claims under the Plan with (a) Cash on
hand, including cash from operations, (b) the mew common equity,
(c) cash proceeds from the purchase of new common equity pursuant
to the UPA, the (d) warrants and € the First American Payment."
The Debtors also filed with the Court revised Disclosure Statement
Exhibits that include the following: Exhibit B: Debtors' financial
projections and assumptions and Exhibit F: unit purchase and
support agreement.

The Court subsequently approved the Disclosure Statement and
scheduled an Aug. 30, 2016 hearing to consider the Second Amended
Joint Plan of Reorganization, with objections due by Aug. 19, 2016,
according to the report.

                  About Horsehead Holding Corp.

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

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

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

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

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

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

Richard Gitlin of Gitlin & Company LLC serves as fee examiner in
the Debtors' cases.  Godfrey & Kahn, S.C., is legal counsel to the
fee examiner.


HORSEHEAD HOLDING: Akin Gump Represents Ad Hoc Secured Noteholders
------------------------------------------------------------------
Pursuant to Rule 2019 of the Federal Rules of Bankruptcy Procedure,
holders of (i) 10.50% senior secured notes due 2017 issued by
Horsehead Holding Corp., (ii) 9.00% senior notes due 2017 issued by
Horsehead Holding Corp. and (iii) 3.80% convertible senior Notes
due 2017 issued by Horsehead Holding Corp., certain of which
holders are also the lenders under the Debtors' senior secured
superpriority debtor-in-possession financing facility, submitted
with the U.S. Bankruptcy Court for the District of Delaware an
amended verified statement.

The Ad Hoc Secured Noteholder Committee engaged Akin Gump Strauss
Hauer & Feld LLP on Jan. 13, 2016, to represent it in connection
with a potential restructuring of the Debtors.

As of the date of this Second Amended Verified Statement, Akin Gump
represents only the Ad Hoc Secured Noteholder Committee.  Akin Gump
does not represent or purport to represent any other entities in
connection with the Debtors' Chapter 11 cases.  Akin Gump does not
represent the Ad Hoc Secured Noteholder Committee as a committee
and does not undertake to represent the interests of, and is not a
fiduciary for, any creditor, party in interest, or other entity
that has not signed a retention agreement with Akin Gump.  In
addition, the Ad Hoc Secured Noteholder Committee does not
represent or purport to represent any other entities in connection
with the Debtors' Chapter 11 cases.

The members of the Ad Hoc Secured Noteholder Committee either hold
claims or manage accounts that hold claims against the Debtors'
estates.  A list of the names, addresses and the nature and amount
of all disclosable economic interests held in relation to the
Debtors as of the date of this Second Amended Verified Statement by
each member of the Ad Hoc Secured Noteholder Committee is available
for free at:

      http://bankrupt.com/misc/HORSEHEADHOLDING_rule2019B.pdf

The Co-Counsel for the Ad Hoc Secured Noteholder Committee can be
reached at:

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

          -- and --

     AKIN GUMP STRAUSS HAUER & FELD LLP
     Michael S. Stamer, Esq.
     Meredith A. Lahaie, Esq.
     Sara L. Brauner, Esq.
     One Bryant Park
     New York, New York 10036
     Tel: (212) 872-1000
     Fax: (212) 872-1002
     E-mail: mstamer@akingump.com
             mlahaie@akingump.com
             sbrauner@akingump.com

                    About Horsehead Holding Corp.

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

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

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

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

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

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


HORSEHEAD HOLDING: Ashby Represents Ad Hoc Sec. Noteholder Panel
----------------------------------------------------------------
Pursuant to Rule 2019 of the Federal Rules of Bankruptcy Procedure,
Ashby & Geddes, P.A., as Delaware co-counsel to (a) those holders
of (i) 10.50% Senior Secured Notes due 2017 issued by Horsehead
Holding Corp., (ii) 9.00% Senior Notes due 2017 issued by Horsehead
Holding Corp., and (iii) 3.80% Convertible Senior Notes due 2017
issued by Horsehead Holding Corp., certain of which holders are
also the lenders under the Debtors' senior secured superpriority
debtor-in-possession financing facility, and (b) Greywolf Capital
Management LP, on behalf of certain managed funds and (c) Cantor
Fitzgerald Securities, as administrative agent under the DIP
Facility, submitted with the U.S. Bankruptcy Court for the District
of Delaware a second amended verified statement.

The Ad Hoc Secured Noteholder Committee retained Ashby & Geddes on
Jan. 26, 2016, to represent them in connection with a potential
restructuring of the Debtors.

On Feb. 2, 2016, Cantor retained Ashby & Geddes to represent it in
connection with the Debtors' bankruptcy cases.  Greywolf retained
Ashby & Geddes to represent it in connection with the Chapter 11
Cases on Feb. 24, 2016.

As of the date of this Second Amended Verified Statement, Ashby &
Geddes has been engaged as Delaware counsel to only the Ad Hoc
Secured Noteholder Committee, Greywolf, and Cantor and does not
represent or purport to represent any other entities in connection
with the Debtors' Chapter 11 cases.  Ashby & Geddes does not
represent the Ad Hoc Secured Noteholder Committee, Greywolf, or
Cantor, either individually or collectively, as a committee and
does not undertake to represent the interests of, and is not a
fiduciary for, any creditor, party in interest, or other entity
that has not signed a retention agreement with Ashby & Geddes.  In
addition, the Ad Hoc Secured Noteholder Committee, Greywolf, and
Cantor do not represent or purport to represent any other entities
in connection with the Debtors' Chapter 11 cases.

The members of the Ad Hoc Secured Noteholder Committee either hold
claims or manage accounts that hold claims against the Debtors'
estates.  A list of the names, addresses and the nature and amount
of all disclosable economic interests held in relation to the
Debtors as of July 12, 2016, by each member of the Ad Hoc Secured
Noteholder Committee is available for free at:

      http://bankrupt.com/misc/HORSEHEADHOLDING_rule2019.pdf

The Co-Counsel for the Ad Hoc Secured Noteholder Committee,
Greywolf Capital Management LP and Cantor Fitzgerald Securities, as
DIP agent, can be reached at:

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

                    About Horsehead Holding Corp.

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

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

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

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

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

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


INDUSTRIAL NOISE: Hires Miller as Real Estate Broker
----------------------------------------------------
Industrial Noise Control Corp., seeks authority from the U.S.
Bankruptcy Court for the Northern District of Texas to employ Henry
S. Miller Brokerage, LLC as real estate broker to the Debtor.

Industrial Noise requires Miller to broker the sale of the Debtor's
property located at 630 S. Jupiter Road, Garland, Texas 75421, with
approx. 4.2 acres of land, approx. 35,000 sq. ft. enclosed, 50,000
sq. ft. Under Roof.

Miller will be paid a commission of 6% of the sales price of the
property.

Dan Spika, member of Henry S. Miller Brokerage, 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.

Miller can be reached at:

     Dan Spika
     HENRY S. MILLER BROKERAGE, LLC
     14001 Dallas Parkway, 11th Floor
     Dallas, TX 75240
     Tel: (972) 386-1478

                     About Industrial Noise

Industrial Noise Control Corp., based in Garland, TX, filed a
Chapter 11 petition (Bankr. N.D. Tex. Case No. 16-31399) on April
4, 2016. The Hon. Stacey G. Jernigan presides over the case. Joyce
W. Lindauer, Esq. at Joyce W. Lindauer, Attorney at Law, as
bankruptcy counsel.

In its petition, the Debtor estimated under $10,000,000 in both
assets and liabilities. The petition was signed by Bill Badgett,
president.


INDUSTRIAS VASSALLO: Court Dismisses Suit vs. Peter Vasquez Massa
-----------------------------------------------------------------
Judge Brian K. Tester of the United States Bankruptcy Court for the
District of Puerto Rico dismissed the adversary proceeding
captioned VASSALLO INTERNATIONAL GROUP, INC. Plaintiff, v. PETER
VAZQUEZ MASSA, et. al. Defendant(s), Adversary No. 16-00137 (Bankr.
D.P.R.).

Vassallo International Group, Inc., filed before the bankruptcy
court an emergency motion requesting the court to stay the
proceedings pending before the Puerto Rico Court of First Instance,
Ponce part in cases JPE 2015-0383(605) and JPE2015-0467(605).  The
urgency of the request stemmed from the fact that the state court
has scheduled a trial on the merits in the said cases to commence
on July 6, 2016.  VIGI requested the stay in order to allow the
bankruptcy court to entertain the adversary complaint filed on June
30, 2016.

Judge Tester, however, concluded that the bankruptcy court lacks
jurisdiction to hear the complaint.  All other pending motion
related to the adversary proceeding were also denied as moot.

A full-text copy of Judge Tester's July 5, 2016 opinion and order
is available at https://is.gd/N9kMMh from Leagle.com.

The bankruptcy case is IN RE: INDUSTRIAS VASSALLO INC., Chapter 11,
Debtor(s), Case No. 08-07752 (Bankr. D.P.R.).

VASSALLO INTERNATIONAL GROUP, INC. is represented by:

          Daniel Molina Lopez, Esq.
          TOTTI & RODRIGUEZ DIAZ LAW OFFICES
          Union Plaza Building, Suite 1200
          416 Ponce de Leon Avenue
          San Juan, PR 00918
          Tel: (787)753-7910
          Fax: (787)764-9480
          Email: dml@trdlaw.com


INTRALINKS INC: S&P Affirms 'B+' CCR & Revises Outlook to Negative
------------------------------------------------------------------
S&P Global Ratings revised the outlook to negative from stable and
affirmed all its ratings on IntraLinks Inc., including its 'B+'
corporate credit rating.

"The outlook revision is based on our view that potential
volatility in the M&A markets may lead to a contraction in
corporate actions," said S&P Global Ratings credit analyst Geoffrey
Wilson.  "This may in turn translate into fewer deal rooms being
opened and prevent the company from operating to budget, leading to
negative free operating cash flow in 2016,"
Mr. Wilson added.


INVERSIONES ARAXI: Hires Juan A. Ruiz Reyes as Accountant
---------------------------------------------------------
Inversiones Araxi Group, Corp and Buena Vista Platation, Corp seek
permission from the U.S. Bankruptcy Court for the District of
Puerto Rico to employ Mr. Juan A. Ruiz Reyes as accountant for the
Debtor.

The Debtor will rely on Mr. Juan A. Ruiz Reyes for general
accounting and financial counseling services in connection with,
but not limited, to this bankruptcy petition.

The Debtor has agreed to pay Mr. Juan A. Ruiz Reyes at a rate of
$1,590 per hour.  The Debtor has agreed with Mr. Juan A. Ruiz Reyes
to pay in advance the amount of $2,000 retainer fee, which is
deemed a down payment for the services to be rendered.

Mr. Juan A. Ruiz Reyes will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Mr. Juan A. Ruiz Reyes assured the Court that the he 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.

Mr. Juan A. Ruiz Reyes may be reached at:

       Mr. Juan A. Ruiz Reyes
       Urb. Los Laureles
       26 Los Robles St.
       Cayey, PR 00736
       Tel: 787-738-0850
       E-mail: ruizreyesjuan@yahoo.com

Based in Salinas, Puerto Rico, Inversiones Araxi Group Corp., dba
Motel The Rose, filed a Chapter 11 petition (Bankr. D. P.R. Case
No. 16-02428) on March 31, 2016.  The Hon. Edward A Godoy presides
over the case.  Gerardo L. Santiago Puig, Esq., at GSP LAW, P.S.C.,
serves as counsel to the Debtor.

In its petition, the Debtor estimated under $50,000 in assets, and
$1 million to $10 million in liabilities.  The petition was signed
by Luis J. Perez Delgado, president.


ITALIAN & FRENCH: Property Sale to Principal's Grandson Approved
----------------------------------------------------------------
Judge Richard E. Fehling of the U.S. Bankruptcy Court for the
Eastern District of Pennsylvania authorized Italian & French Pastry
Shop, Inc. to sell the real estate and associated personal property
located at 221 S. 5th St., Reading, County, Pennsylvania to Michael
Bruno in accordance with the terms of the Agreement of Sale dated
June 8, 2016.

The sale is free and clear of all liens.

The Debtor is ordered to distribute the proceeds, after payment of
ordinary and necessary costs of sale, such as transfer taxes, deed
preparation fees, notary fees, outstanding real estate and school
taxes, to the Berks County Tax Claim Bureau, the Internal Revenue
Service and/or the Commonwealth of PA, Dept. of Revenue, as their
interests appear of record, in accordance with the laws of the
Commonwealth of Pennsylvania as they relate to lien priority.  All
liens on the property will be paid in full.

                About Italian & French Pastry Shop

Italian & French Pastry Shop, Inc., sought Chapter 11 protection
(Bankr. E.D. Penn. Case No. 16-11085) on Feb. 19, 2016.  The Debtor
estimated less than $500,000 in assets and debt.  The petition was
signed by Michelangelo Bruno, president of the Company.  John A.
DiGiamberardino, Esq., at Case & DiGiamberardino, P.C., serves as
the Debtor's counsel.


JEFFREY MORTENSON: Selling Mason County Parcels for $60K Each
-------------------------------------------------------------
Jeffrey and Dawn Mortenson ask the U.S. Bankruptcy Court for the
Western District of Washington at Tacoma to authorize:

  (1) the sale of real property located at 371 West Partridge
Drive, Mason County, Olympia, WA, APN: 31932-43-90151, to Kyle and
Janette Grindle and/or assigns for approximately $60,000; and

  (2) the sale of real property located at 373 West Partridge
Drive, Mason County, WA, APN: 31932-43-90152, to James Parkhurst
and Jill Jamison and/or Assigns for approximately $60,000.

A hearing for the Motion is set for Aug. 11, 2016 at 9:00 a.m.  The
response deadline is Aug. 4, 2016.

The Real Estate Purchase and Sale Agreement for Vacant Land
contains, among others, these relevant terms:

     a) Any property taxes due and owing Mason County for each lot
will be paid in full through closing at escrow. The property will
not be transferred free and clear of real property tax liens
related to tax years 2016 not yet due and owing.

     b) Reasonable and necessary closing costs for each lot,
including excise tax, recording fees, title insurance, will be paid
in full through escrow at closing.

     c) James Lehew has a 50% ownership interest in both 371 and
373 West Partridge Drive, Olympia, WA 98502 and will therefore
receive 50% of the net sale proceeds, after payment of property
taxes and closing costs, for each lot through escrow at closing.

     d) The balance of the net sales proceeds, after all above
disbursements have been made, will be paid directly to the trust
account of Noel P. Shillito through escrow at closing.  Upon
confirmation of a Chapter 11 Plan, the funds will then be turned
over to the Plan Administrator.

     e) The Debtors will vest in said buyers the full fee simple
ownership at closing.

     f) The sale of both parcels will be free and clear of the
ownership interest of all record  owners, their predecessors and/or
successors in interest including any unrecorded equitable or legal
interests in the property.  Unless paid at closing and satisfied
thereby, or Avoided Pursuant to Court Order, each lien or
encumbrance will attach to the proceeds, after payment of costs of
sale and the like.  The Debtors propose payment of the closing
costs, including excise taxes, property taxes and real estate
commissions, through closing at escrow.

The Debtors are represented by:

          Noel P. Shillito
          LAW OFFICE OF NOEL SHILLITO
          1919 North Pearl Street #C-2
          Tacoma, WA 98406
          Telephone: (253) 572-4388

The bankruptcy case is In re Jeffrey Allan Mortenson and Dawn Marie
Mortenson (Bankr. W.D. Wash. Case No. 15-40137).


JOHN Q. HAMMONS: Hires Stinson Leonard as Bankruptcy Counsel
------------------------------------------------------------
John Q. Hammons Fall 2006, LLC and its debtor-affiliates seek
permission from the U.S. Bankruptcy Court for the District of
Kansas to employ Stinson Leonard Street LLP as lead counsel

The Debtors require Stinson Leonard Street to:

     a. advise the Debtors of their rights, powers and duties as
debtors and debtors in possession continuing to operate and manage
their respective businesses and properties under chapter 11 of the
Bankruptcy Code;

     b. prepare of behalf of the Debtors all necessary and
appropriate applications, motions, proposed orders other pleadings,
notices, schedules and other documents, and review all financial
and other reports to be filed in these chapter 11 cases;

     c. advise the Debtors concerning, and prepare responses to,
applications, motions, other pleadings, notices and other papers
that may be filed by other parties in theses chapter 11 case and
appear of behalf of the Debtors in any hearings or other
proceedings relating to those matters;

     d. review the nature and validity of any liens asserted
against the Debtors' property and advise the Debtors concerning the
enforceability of such liens;

     e. advise the Debtors regarding their ability to initiate
actions to collect and recover property for the benefit of their
estates;

     f. advise and assist the Debtors in connection with certain
asset disposition, to the extent required by the Debtors;

     g. advise and assist the Debtors with respect to certain
employment-related issues, to the extent required by the Debtors;

     h. advise and assist the Debtors with respect to certain
issues relating to environmental law and government regulations, to
the extent required by the Debtors;

     i. advise and assist the Debtors in negotiations with the
Debtors' debt holders and other stakeholders;

     j. advise the Debtors concerning executory contract and
unexpired lease assumptions, assignments  and rejections;

     k. advise the Debtors in connection with the formulation,
negotiation and promulgation of any plan or plans of
reorganization, and related transactional documents;

     l. assist the Debtors in reviewing, estimating and resolving
claims asserted against the Debtors' estates;

     m. advise and assist the Debtors in connection with any offers
to provide debtor-in-possession financing and/or exit financing;

     n. commence and conduct certain litigation that is necessary
and appropriate to assert rights held by the Debtors, protect
assets of the Debtors' chapter 11 estate or otherwise further the
goal of completing the Debtors' successful reorganization;

     o. provide other services for the Debtors to the extent
requested by the Debtors; and

     p. perform all other necessary and appropriate legal services
in connection with these chapter 11 cases for or on behalf of the
Debtors.

Stinson Leonard Street will be paid at these hourly rates:

     Partners/Counsel                    $305-$730
     Associates                          $250-$435
     Paralegals                          $135-$285
     
Stinson Leonard Street will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Mark A. Shaiken, partner of the firm of Stinson Leonard Street LLP,
assured the Court that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code and does
not represent any interest adverse to the Debtors and their
estates.

Stinson Leonard Street may be reached at:

        Mark A. Shaiken, Esq.
        Mark Carder, Esq.
        Stinson Leonard Street LLP
        1201 Walnut, Suite 2900
        Kansas City, MO 64106
        Telephone: (816)842-8600
        Facsimile: (816)691-3495
        E-mail: mark.shaiken@stinson.com
                mark.carder@stinson.com

      About John Q. Hammons Hotels & Resorts

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

John Q. Hammons Hotels & Resorts on June 27, 2016, disclosed that
the family of companies, the Revocable Trust of John Q. Hammons,
and their related affiliates, have filed voluntary petitions
(Bankr. D. Kan. Case No. 16-21139 to Case No. 16-21208) to
restructure under Chapter 11 of the U.S. Bankruptcy Code in the
United States Bankruptcy Court of the District of Kansas at Kansas
City.

The Debtors are represented by Mark A. Shaiken, Esq., Mark S.
Carder, Esq., and Nicholas Zluticky, Esq., at Stinson Leonard
Street LLP, in Kansas City, Missouri.  The Debtors' conflict
counsel is Victor F Weber, Esq., at Merrick Baker and Strauss PC,
in Kansas City, Missouri.

At the time of filing, the Debtors had $100 million to $500 million
in estimated assets and $100 million to $500 million in estimated
liabilities.

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


JVJ PHARMACY: Taps CBIZ KA as Financial Advisors
------------------------------------------------
JVJ Pharmacy, Inc., dba University Chemists, seeks authorization
from the Hon. Stuart M. Bernstein of the U.S. Bankruptcy Court for
the Southern District of New York to employ CBIZ KA Consulting
Services, LLC as financial advisors.

The Debtor seeks to engage the services of CBIZ KA to perform
financial consulting and accounting services for the Debtor subject
to the approval of the Court.

CBIZ KA will be paid at these hourly rates:

       Directors and
       Executive Directors       $295-$350
       Managers and
       Senior Managers           $250-$295
       Supervisors and
       Staff                     $200-$250

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

Esther Duval, managing director of CBIZ NY, 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.

CBIZ KA can be reached at:

       CBIZ KA CONSULTING SERVICES, LLC
       50 Millstone Rd #230
       Hightstown, NJ 08520
       Tel: (609) 918-0990

Headquartered in New York, New York, JVJ Pharmacy Inc. dba
University Chemists filed for Chapter 11 bankruptcy protection
(Bankr. S.D.N.Y. Case No. 16-10508) on March 3, 2016, listing $6.88
million in total assets and $5.61 million in total liabilities. The
petition was signed by James F. Zambri, president.

Judge Stuart M. Bernstein presides over the case.

Avrum J. Rosen, Esq., at The Law Offices of Avrum J. Rose, PLLC,
serves as the Debtor's bankruptcy counsel.



KATHERINE N. MONTGOMERY: Unsecured Creditors to Get 5% Under Plan
-----------------------------------------------------------------
Katherine Montgomery on July 11 filed with the U.S. Bankruptcy
Court for the Northern District of Alabama a Chapter 11 plan of
reorganization under which general unsecured creditors will get 5%
of their claims.

Under the restructuring plan, Ms. Montgomery will pay general
unsecured creditors in Class 4 beginning 60 days after the court
approves the plan.  A monthly payment of $59 will be divided among
Class 4 creditors until 5% of each claim is paid.

Ms. Montgomery's normal cash flow will be the sole source of funds
to pay her creditors, according to the disclosure statement
detailing the plan.

A copy of the disclosure statement is available for free at
https://is.gd/8ykIpV

Ms. Montgomery can be reached through her counsel:

     Sparkman, Shepard & Morris, P.C.
     P.O. Box 19045
     Huntsville, AL 35804
     Tel: (256) 512-9924
     Fax: (256) 512-9837

                       About Katherine Montgomery

Katherine N. Montgomery, a medical doctor in Madison County,
Alabama, sought protection under Chapter 13 of the Bankruptcy Code
on October 29, 2015.  The case was converted to a Chapter 11 case
(Bankr. N. D. Ala. Case No. 15-82936) on January 15, 2016.


KITCHEN BROTHERS: Court Junks Suit vs. First Tennesee Bank
----------------------------------------------------------
Judge Neil P. Olack of the United States Bankruptcy Court for the
Southern District of Mississippi dismissed in its entirety the
adversary proceeding captioned KITCHENS BROTHERS MANUFACTURING
COMPANY Plaintiff. v. FIRST TENNESSE BANK NATIONAL ASSOCIATION,
Defendant, ADV. PROC. No. 16-00008-NPO (Bankr. S.D. Miss.).

First Tennessee Bank National Association filed the motion to
dismiss the debtor's complaint on March 23, 2016, arguing that the
plaintiff, Kitchen Brothers Manufacturing Company failed to state a
claim upon which relief can be granted.

Judge Olack also denied the amended objection to claim filed by
Kitchen Brothers on December 30, 2015, as a contested matter in the
bankruptcy case, which is consolidated into the adversary
proceeding.

The bankruptcy case is IN RE: KITCHENS BROTHERS MANUFACTURING
COMPANY, Chapter 11, Debtor, CASE No. 13-01710-NPO (Bankr. S.D.
Miss.).

A full-text copy of Judge Olack's July 5, 2016 memorandum opinion
and order is available at https://is.gd/iytPJs from Leagle.com.

Kitchens Brothers Manufacturing Company is represented by:

          Craig M. Geno, Esq.
          LAW OFFICES OF CRAIG M. GENO, PLLC
          587 Highland Colony Parkway
          Ridgeland, MS 39157-8784
          Tel: (601)965-9741
          Fax: (601)427-0050

First Tennessee National Bank Association is represented by:

          Raymond Spencer Clift, III, Esq.
          BAKER DONELSON BEARMAN CALDWELL & BERKOW
          First Tennessee Building
          165 Madison Avenue, Suite 2000
          Memphis, TN 38103
          Tel: (901)526-2000
          Fax: (901)577-2303
          Email: sclift@bakerdonelson.com


LEGEND INT'L: Liquidators Seek Chap. 11 Case Dismissal
------------------------------------------------------
BankruptcyData.com reported that Legend International Holdings'
Court-appointed liquidators filed with the U.S. Bankruptcy a motion
to dismiss the Chapter 11 case.  The motion explains, "In the past
week, the Court of Appeal and the Supreme Court of Victoria have
each issued orders affirming the Liquidators' appointment,
clarifying that they are the only parties empowered to act on
behalf of the Debtor (in Liquidation).  The Liquidators now seek
dismissal in order to avoid unnecessary expense and distraction as
they administer the Debtor (in Liquidation)'s estate in Australia.
Insolvency proceedings are ongoing in Australia, and this chapter
11 case is not necessary to obtain a just and equitable solution.
In fact, Australian insolvency law is well-developed and the
Liquidators can pursue a wide array of in- and out-of-court options
to maximize return to creditors, ranging from reorganization to
liquidation.  The Australian Courts have also demonstrated that
they are able to quickly and efficiently address issues that arise
while the Debtor (in Liquidation) is in insolvency proceedings.
Finally, it is not clear that this Court's jurisdiction was sought
to protect the interests of the Debtor and its creditors but rather
to 'prevent the winding up.'"

The Court scheduled a July 20, 2016 hearing to consider the
dismissal motion, according to the report.

              About Legend International Holdings

Headquared in Melbourne, Victoria, phosphate company Legend
International Holdings Inc. filed for Chapter 11 bankruptcy
protection (Bankr. D. Del. Case No. 16-11131) on May 8, 2016,
listing $7.24 million in total assets as of April 30, 2016, and
$13.2 million in total debts as of April 30, 2016.  The petition
was signed by Joseph Gutnick, chairman of the Board/President &
CEO.

Steven K. Kortanek, Esq., at Drinker Biddle & Reath LLP serves as
the Debtor's bankruptcy counsel. Leib Lerner, Esq. at Alston & Bird
LLP acts as co-counsel and Drinker Biddle & Reath LLP acts as
Delaware co-counsel.


LEHMAN BROTHERS: Ruling Expunging FirstBank's Claim Affirmed
------------------------------------------------------------
Judge Jed S. Rakoff of the United States District Court for the
Southern District of New York affirmed the decision of the United
States Bankruptcy Court for the Southern District of New York,
which granted the motion of James W. Giddens, Trustee for the SIPA
Liquidation of Lehman Brothers Inc., to expunge FirstBank Puerto
Rico's claim, and denied FirstBank's motion for summary judgment.

FirstBank's claim sought treatment as a "customer" within the
meaning of the Securities Investor Protection Act and recovery of
certain securities or, in the alternative, the market value of
these securities.

Judge Rakoff held that, "FirstBank's argument, however, is
unavailing.  First, the entrustment requirement for "customer"
status under SIPA did not, by any means, originate with Car-Val.
See, e.g., Baroff, 497 F.2d at 283; Sec. Inv'r Prot. Corp. v.
Executive Sec. Corp., 556 F.2d 98, 99 (2d Cir. 1977) (per curiam);
In re New Times Sec. Servs., Inc., 463 F.3d 125, 128 (2d Cir.
2006); In re Madoff, 654 F.3d at 235-36. Second, Car-Val did not
restrict its analysis of "customer" status under SIPA -- including
the crucial components of entrustment and "indicia of a fiduciary
relationship" -- to any particular species of repurchase
transactions, or indeed, to any specific kind of transaction.
Car-Val's analysis, applied to the context of the instant case,
mandates the conclusion that FirstBank was not a "customer" of LBI
within the meaning of SIPA and is therefore not entitled to make a
SIPA claim."

The case is In re: LEHMAN BROTHERS INC. FIRSTBANK PUERTO RICO
Appellant, v. JAMES W. GIDDENS, as Trustee for the SIPA Liquidation
of Lehman Brothers Inc., Appellee, No. 16 Civ. 00069 (S.D.N.Y.).

A full-text copy of Judge Rakoff's July 7, 2016 opinion and order
is available at https://is.gd/WHAx8z from Leagle.com.

Firstbank Puerto Rico is represented by:

          Robert T. Honeywell, Esq.
          Brian David Koosed, Esq.
          K&L GATES LLP
          599 Lexington Avenue
          New York, NY 10022-6030
          Tel: (212)536-3900
          Fax: (212)536-3901
          Email: robert.honeywell@klgates.com
                 brian.koosed@klgates.com

James W. Giddens is represented by:

          James Benedict Kobak, Jr., Esq.
          Jeffrey Steven Margolin, Esq.
          Meaghan Christina Gragg, Esq.
          Sarah Loomis Cave, Esq.
          Anson Barrett Frelinghuysen, Esq.
          HUGHES HUBBARD & REED LLP
          One Battery Park Plaza
          New York, NY 10004-1482
          Tel: (212)837-6000
          Fax: (212)422-4726
          Email: james.kobak@hugheshubbard.com
                 jeff.margolin@hugheshubbard.com
                 meaghan.gragg@hugheshubbard.com
                 sarah.cave@hugheshubbard.com
                 anson.frelinghuysen@hugheshubbard.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.


LONESTAR RESOURCES: S&P Affirms Then Withdraws 'B-' CCR
-------------------------------------------------------
S&P Global Ratings affirmed its 'B-' corporate credit rating on
exploration & production company Lonestar Resources America Inc. At
the same time, S&P affirmed its 'CCC+' issue-level ratings on the
company's senior unsecured debt.  The recovery rating remains '5',
indicating S&P's expectation of average (10% to 30%, upper half of
the range) recovery in the event of a payment default.

S&P then withdrew the corporate credit and debt ratings at the
company's request.


M SPACE HOLDINGS: Panel Hires Cooley LLP as Lead Counsel
--------------------------------------------------------
The Official Committee of Unsecured Creditors of M Space Holdings,
LLC seeks authorization from the U.S. Bankruptcy Court for the
District of Utah to retain Cooley LLP as lead counsel.

The Committee requires Cooley LLP to:

   (a) attend the meetings of the Committee;
  
   (b) review financial and operational information furnished by
       the Debtor to the Committee;

   (c) analyze and initiate, litigate, and resolve any relevant
       challenges to the liens of the Debtor's pre-petition
       lenders;

   (d) assess and assist in the efforts to sell assets of the
       Debtor in a manner that maximizes value for creditors;

   (e) analyze any proposed Chapter 11 plan;

   (f) review and investigate prepetition transactions in which
       the Debtor and/or its insiders were involved;

   (g) confer with the Debtor's management, counsel and financial
       advisors;

   (h) review the Debtor's schedules, statements of financial
       affairs and business plan;

   (i) advise the Committee as to the ramifications regarding all
       of the Debtor's activities and motions before this Court;

   (j) file appropriate pleadings on behalf of the Committee;

   (k) review and analyze the Debtor's asset liquidator's work
       product and report to the Committee;

   (l) provide the Committee with legal advice in relation to the
       Chapter 11 cases;

   (m) prepare various applications and memoranda of law submitted

       to the Court for consideration; and

   (n) perform such other legal services for the Committee as may
       be necessary or proper in these proceedings.

Currently, Cooley LLP's normal hourly rates for attorneys and other
members of its professional staff range from $135 to $1,160. Cooley
LLP agreed to discount its hourly rates for attorneys, including
partners, to $400 to $600, and the blended hourly rate for
attorneys will not exceed $485. The primary attorneys anticipated
to be staffed on this matter are Ali M.M. Mojdehi, Janet D. Gertz
and Allison M. Rego.

The paraprofessionals who are anticipated to be staffed on this
matter are Mollie Canby and Andrea Behrend. The current rate for
paralegal Mollie Canby is $225, and for Andrea Behrend is $205.

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

Ali M.M. Mojdehi, partner of Cooley LLP, assured the Court that the
firm is a "disinterested person" as the term is defined in Section
101(14) of the Bankruptcy Code and does not represent any interest
adverse to the Debtors and their estates.

Cooley LLP can be reached at:

       Ali M.M. Mojdehi, Esq.
       Janet D. Gertz, Esq.
       Allison M. Rego, Esq.
       COOLEY LLP
       4401 Eastgate Mall
       San Diego, CA 92121
       Tel: (858) 550-6000
       Fax: (858) 550-6420
       E-mail: amojdehi@cooley.com
               jgertz@cooley.com
               arego@cooley.com

                      About M Space Holdings

M Space Holdings, LLC, is a provider of turnkey complex modular
space solutions.  The Debtor sought protection under Chapter 11 of
the Bankruptcy Code in the U.S. Bankruptcy Court for the District
of Utah (Salt Lake City) (Case No. 16-24384) on May 19, 2016.  The
petition was signed by Jeffrey Deutschendorf, chief executive
officer and president.

The case is assigned to Judge Joel T. Marker. The Debtor's asset
Liquidator is Gordon Brothers Commercial & Industrial, LLC.

The Debtor estimated both assets and liabilities in the range of
$50 million to $100 million.


MAXUS ENERGY: Hires Drinker Biddle as Litigation Counsel
--------------------------------------------------------
Maxus Energy Corporation and its debtor-affiliates seek permission
from the U.S. Bankruptcy Court for the District of Delaware to
employ Drinker Biddle & Reath LLP as special counsel.

Drinker Biddle has been the Debtors' counsel with respect to (a)
the Passaic River Litigation since 2005, (b) the Personal Injury
Litigation since 2014, and (c) the Regulatory Matters since 1989.
Thus, Drinker Biddle was actively providing the Debtors with advice
relating to the Special Purposes well before the commencement of
these chapter 11 cases. Drinker Biddle also is familiar with the
Debtors' business, operations, and capital structure.

The Debtors request to employ Drinker Biddle as their special
counsel during these chapter 11 cases in connection with the
Passaic River Litigation, the Personal Injury Litigation, and the
Regulatory Matters.

Drinker Biddle will be paid at these hourly rates:

     Partners                   $530-$754
     Counsel/Associates         $275-$473
     Paraprofessionals          $202-$301

Additionally, on June 15, 2016 and June 20, 2016, Drinker Biddle
received retainers in the amount of $351,143 and $48,471,
respectively, from the Debtors.
       
Drinker Biddle will also be reimbursed for reasonable out-of-pocket
expenses incurred.

William L. Warren, partner of the firm of Drinker Biddle & Reath
LLP, assured the Court that the firm is a "disinterested person" as
the term is defined in Section 101(14) of the Bankruptcy Code and
does not represent any interest adverse to the Debtors and their
estates.

The following is provided in response to the request for additional
information set forth in D1 of the U.S. Trustee's Appendix B
Guidelines:

     -- Drinker Biddle represented the Debtors during the 12-month
period prior to the Petition Date. The billing rates and material
terms of the prepetition engagement are the same as the rate as the
rates and terms described in this declaration. Drinker Biddle's
billing rates and material financial terms have not changed
post-petition.

     -- the debtors and Drinker Biddle expect to develop a
prospective budget and staffing plan to comply with the United
States Trustee's request for information and additional
disclosures, and any other orders of the Court, recognizing that in
the course of these chapter 11 cases there may be unforeseeable
fees and expenses that will need to be addressed by the Debtors and
Drinker Biddle.

     -- Drinker Biddle understands that the Debtors are seeking to
retain and employ Morrison & Foerster LLP as bankruptcy counsel and
Young Conaway Stargatt & Taylor, LLP as local counsel, as well as a
number of other professionals in connection with the prosecution of
these chapter 11 cases.

Drinker Biddle can be reached at:

         William L. Warren, Esq.
         Drinker Biddle & Reath LLP
         105 College Road East
         P.O. Box 627
         Princeton, NJ 08542-0627
         Tel: (609)716-6603
         Fax: (609)700-7000

                  About Maxus Energy

Maxus Energy Corporation and four of its subsidiaries filed
voluntary petitions for reorganization under Chapter 11 (Bankr. D.
Del., Case No. 16-11501) on June 17, 2016.  The Debtors have
engaged Young Conaway Stargatt & Taylor, LLP as local counsel,
Morrison & Foerster LLP as general bankruptcy counsel, Zolfo
Cooper, LLC as financial advisor and Prime Clerk LLC as claims and
noticing agent.

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


MAXUS ENERGY: Hires McKool Smith as Counsel in Insurance Suit
-------------------------------------------------------------
Maxus Energy Corporation and its debtor-affiliates seek permission
from the U.S. Bankruptcy Court for the District of Delaware to
employ McKool Smith PC as special counsel.

McKool Smith serves as the Debtors' litigation counsel in an action
brought by certain historic insurance underwriters and companies,
seeking a declaratory judgment against Maxus Energy Corporation.
McKool Smith represented the Debtors in connection with the
Insurance Litigation prior to the Petition Date, and has vast
experience representing clients in these types of matters.

The Debtors request McKool Smith as their special counsel in these
chapter 11 cases in connection with the Insurance Litigation.

McKool Smith will be paid at these hourly rates:

     Partners                   $650-$750
     Counsel/Associates         $350-$575
     Paraprofessionals          $250-$295
       
McKool Smith will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Michael John Miguel, principal in the firm of McKool Smith PC,
assured the Court that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code and does
not represent any interest adverse to the Debtors and their
estates.

The following is provided in response to the request for additional
information set forth in D1 of the U.S. Trustee's Appendix B
Guidelines:

     -- Michael John Miguel joined McKool Smith as a Principal in
May 2016, but have personally been lead counsel for the Debtors in
the Insurance Litigation since 2016. The billing rates and material
terms of the prepetition engagement are the same as the rate as the
rates and terms described in this declaration.

     -- the debtors and McKool Smith expect to develop a
prospective budget and staffing plan to comply with the United
States Trustee's request for information and additional
disclosures, and any other orders of the Court, recognizing that in
the course of these chapter 11 cases there may be unforeseeable
fees and expenses that will need to be addressed by the Debtors and
McKool Smith.

McKool Smith understands that the Debtors are seeking to retain and
employ Morrison & Foerster LLP as bankruptcy counsel and Young
Conaway Stargatt & Taylor, LLP as local counsel, as well as a
number of other professionals in connection with the prosecution of
these chapter 11 cases.

McKool Smith can be reached at:

      Michael John Miguel, Esq.
      McKool Smith PC
      One California Plaza
      300 South Grand Ave., Suite 2900
      Los Angeles, CA 90071
      Tel: (213)694-1200     
      Fax: (213)694-1234
     
                  About Maxus Energy

Maxus Energy Corporation and four of its subsidiaries filed
voluntary petitions for reorganization under Chapter 11 (Bankr. D.
Del., Case No. 16-11501) on June 17, 2016.  The Debtors have
engaged Young Conaway Stargatt & Taylor, LLP as local counsel,
Morrison & Foerster LLP as general bankruptcy counsel, Zolfo
Cooper, LLC as financial advisor and Prime Clerk LLC as claims and
noticing agent.

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


MAXUS ENERGY: Hires Prime Clerk as Administrative Agent
-------------------------------------------------------
Maxus Energy Corporation and its debtor-affiliates seek permission
from the U.S. Bankruptcy Court for the District of Delaware to
employ Prime Clerk as Administrative Agent.

The Debtors require Prime Clerk to:

     a. assist with the preparation and amendment, if any, of the
Debtors' schedules of assets and liabilities and statements of
financial affairs, and gather data in conjunction therewith;

     b. provide a confidential data room;

     c. assist with, among other things, solicitation, balloting
and tabulation of votes, and prepare any related reports, as
required in support of confirmation of a chapter 11 plan, and in
connection with such services, process requests for documents from
parties in interest;

     d. prepare an official ballot certification and, if necessary,
testify in support of the ballot tabulation results;

     e. manage and coordinate any distributions pursuant to a
chapter 11 plan; and

     f. provide other processing, solicitation, balloting and other
administrative services described in the Engagement Agreement, but
not included in the section 156(c) Order, as may be requested from
time to time by the Debtors, the Court or the Office of the Clerk
of the Court.

The fees Prime Clerk will charge in connection with providing
services to the Debtors are set forth in the Engagement Agreement.
The Debtors respectfully submit that Prime Clerk's rates are
competitive and comparable to the rates its competitors charge for
similar services. The Debtors believe that Prime Clerk's rates are
more than reasonable given the quality of Prime Clerk's services
and its professionals' bankruptcy expertise.

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

Michael J. Frishberg, Co-President and Chief Operating Officer of
Prime Clerk 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.

Prime Clerk may be reached at:

         Michael J. Frishberg
         830 Third Avenue, 9th Floor
         New York, NY 10022
         Tel: 212 257 5450
         E-mail: mfrishberg@primeclerk.com

                  About Maxus Energy

Maxus Energy Corporation and four of its subsidiaries filed
voluntary petitions for reorganization under Chapter 11 (Bankr. D.
Del., Case No. 16-11501) on June 17, 2016.  The Debtors have
engaged Young Conaway Stargatt & Taylor, LLP as local counsel,
Morrison & Foerster LLP as general bankruptcy counsel, Zolfo
Cooper, LLC as financial advisor and Prime Clerk LLC as claims and
noticing agent.

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


MCNEILL PROPERTIES: Hires Ciardi as Counsel
-------------------------------------------
McNeill Properties V, LLC, seeks authority from the U.S. Bankruptcy
Court for the Eastern District of Pennsylvania to employ Ciardi
Ciardi & Astin as counsel to the Debtor.

McNeill Properties requires Ciardi to:

   (a) give the Debtor legal advice with respect to its power and
       duties as Debtors-in-Possession;

   (b) prepare on behalf of the Debtor necessary applications,
       answers, orders, reports and other legal papers; and

   (c) perform all other legal services for the Debtor which may
       be necessary.

Ciardi will be paid at these hourly rates:

     Albert A. Ciardi, III            $485
     Nicole M. Nigrelli               $445
     Daniel E. Siedman                $250
     Stephanie Frizlen, Paralegal     $120

Ciardi was retained December 2015 and received $4,802 from the
Debtor in April 2016 for March billing. On July 12, 2016, Ciardi
received $27,000 with $6,000 applied to current June billing
leaving a retainer of $21,000. The unpaid prepetition balance from
April 2016 of $1,200 was written off.

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

Albert A. Ciardi, III, partner of the law firm Ciardi Ciardi &
Astin, 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.

Ciardi can be reached at:

     Albert A. Ciardi, III, Esq.
     CIARDI CIARDI & ASTIN
     One Commerce Square
     2005 Market Street, Suite 3500
     Philadelphia, PA 19103
     Tel: (215) 557-3550
     Fax: (215) 557-3551
     Email: aciardi@ciardilaw.com

                     About McNeill Properties V, LLC.

McNeill Group, Inc. and McNeill Properties V, LLC filed chapter 1
petitions (Bankr. E.D. Pa. Case Nos. 16-14943 and 16-14944) on July
12, 2016. The petitions were signed by Edward J. McNeill, Jr.,
president.

The Debtors are represented by Albert A. Ciardi, III, Esq., at
Ciardi Ciardi & Astin, P.C. The cases are assigned to Judge Jean
FitzSimon (16-14943) and Judge Ashely M. Chan (16-14944).

The Debtors each estimated assets and liabilities of $10 million to
$50 million at the time of the filing.


MCS GROUP: Moody's Hikes Corporate Family Rating to B2
------------------------------------------------------
Moody's Investors Service upgraded MCS Group Sub-holdings LLC's
Corporate Family rating to B2 from B3, the Probability of Default
rating ("PDR") to B3-PD from Caa1-PD and the senior secured to B2
from B3. The ratings outlook remains stable.

-- Issuer: MCS GROUP SUB-HOLDINGS, LLC.

Upgrades:

-- Corporate Family Rating, Upgraded to B2 from B3

-- Probability of Default Rating, Upgraded to B3-PD from Caa1-PD

-- Senior Secured, Upgraded to B2 (LGD3) from B3 (LGD3)

Outlook:

-- Outlook, Remains Stable

RATINGS RATIONALE

The upgrade of the CFR to B2 from B3 reflects MCS's improved credit
metrics and a good liquidity profile. Ongoing residential mortgage
foreclosure delays, especially in states with a judicial
foreclosure process, provide support as MCS revenues are a function
of both the number of delinquent mortgage loans as well as the
length of time a mortgage loan remains delinquent. Yet over a
longer term, Moody's anticipates revenues from the core
preservation services business will be pressured as the number of
delinquent mortgage loans declines. Acquisitions and new customer
wins are expected to continue to diversify revenue sources.
Liquidity from anticipated free cash flow, over $30 million of cash
and an unused $20 million revolver is considered good. Annual debt
repayment requirements of over $25 million per year, Moody's
expectations for further acquisitions and private equity sponsor
ownership pressure the ratings. The rating is tempered by the high
business risk, evidenced by the company's concentrated customer
base and exposure to declining rates of mortgage loan
delinquencies, balanced by moderately high financial leverage.

The stable rating outlook reflects Moody's anticipation of low
organic revenue growth, debt to EBITDA below 4.5 times and at least
$40 million of free cash flow. Due to the concentrated customer
base, near term ratings upside is limited. If revenue sources
become more diversified and Moody's comes to expect at least 5%
annual revenue growth while credit metrics and liquidity remain
solid, a ratings upgrade is possible. A downgrade is possible if
Moody's expects revenue declines, debt to EBITDA to remain above 5
times or if liquidity deteriorates. A debt-funded acquisition or
shareholder-return strategy could also lead to lower ratings.

MCS provides property inspection, appraisal and preservation
services on behalf of lenders and loan servicers for homes with
defaulted mortgage loans. MCS is controlled by affiliates of TDR
Capital. Moody's expects 2016 revenues of about $400 million.


MD AMERICA: S&P Raises CCR to 'B-', Outlook Stable
--------------------------------------------------
S&P Global Ratings raised its corporate credit rating on
Fort-Worth, Texas-based MD America Energy LLC to 'B-' from 'SD'
(selective default).  The outlook is stable.  S&P also withdrew its
issue-level and recovery ratings on the company's term loan.

"The rating actions follow MDAE's full, early redemption of its
term loan due 2019 with proceeds from equity contributions from its
parent company Meidu Energy Corp., a public energy entity traded on
the Shanghai Stock Exchange," said S&P Global Ratings credit
analyst Christine Besset.

The ratings on MDAE reflect S&P's assessment of the company's
vulnerable business risk, intermediate financial risk, and negative
financial policy.  These assessments reflect S&P's view of MDAE's
very small reserve base and production levels, limited geographic
diversity, and the likelihood of re-leveraging given the company's
intention to expand its asset base.

The stable outlook reflects S&P's expectation that MDAE will
maintain adequate liquidity and FFO to debt above 30% on average
over the next three years, while growing its reserve and production
base.

S&P could lower the rating if FFO to debt fell below 20% for a
sustained period.  Such a scenario would be most likely be due to
debt-financed acquisitions, weaker-than-expected commodity prices
or higher-than-expected capital spending.

S&P considers an upgrade unlikely over the next 12 months given the
company's size and scale of production and reserves.  However, S&P
could raise the rating if the company can significantly increase it
scale, while maintaining adequate liquidity, and FFO to debt above
30%.


MEDIWARE INFORMATION: S&P Withdraws 'B' Rating
----------------------------------------------
S&P Global Ratings withdrew its 'B' issue-level rating on Lenexa,
Kan.-based Mediware Information Systems Inc. at the issuer's
request.  S&P will maintain the 'B' corporate credit rating on the
holding company, Project Ruby Parent Corp.


MICHAELS COMPANIES: Moody's Raises CFR to Ba2, Outlook Stable
-------------------------------------------------------------
Moody's Investors Service upgraded Michaels Companies, Inc.
Corporate Family Rating to Ba2 from Ba3 and Probability of Default
Rating to Ba2-PD from Ba3-PD.  Concurrently, the rating on Michaels
Stores, Inc.'s 5.875% subordinated notes due 2020 was upgraded to
B1 from B2.  The company's senior secured term loan due 2020 was
affirmed at Ba2.  Michaels' Speculative Grade Liquidity Rating was
also affirmed at SGL-1.  The rating outlook is stable.

"The upgrade reflects Michaels' consistently solid operating
performance, ample cash flow generation, and very good liquidity,"
said Moody's Vice President, Christina Boni.  The stable outlook
represents our expectation that the company will maintain healthy
operating margins relative to its specialty retail peers by
continuing to drive positive same store sales, thus leveraging
fixed costs.

Upgrades:

Issuer: Michaels Companies, Inc. (The)

  Probability of Default Rating, Upgraded to Ba2-PD from Ba3-PD
  Corporate Family Rating, Upgraded to Ba2 from Ba3

Issuer: Michaels Stores, Inc.

  Senior Subordinated Regular Bond/Debenture, Upgraded to B1(LGD5)

   from B2(LGD5)

Outlook Actions:

Issuer: Michaels Companies, Inc. (The)

  Outlook, Changed To Stable From Positive

Issuer: Michaels Stores, Inc.

  Outlook, Changed To No Outlook From Positive

Affirmations:

Issuer: Michaels Companies, Inc. (The)

  Speculative Grade Liquidity Rating, Affirmed SGL-1

Issuer: Michaels Stores, Inc.

  Senior Secured Bank Credit Facility, Affirmed Ba2(LGD3)

                         RATINGS RATIONALE

Michaels' Ba2 Corporate Family Rating reflects the company's scale
and strong market position in the highly fragmented arts and craft
segments of retail.  Michael's has a demonstrated track record of
driving growth while maintaining strong operating margins that have
averaged in the mid-teens over the past five years.  The rating is
also supported by the relative stability of the arts and craft
segment industry.  Moody's recognizes, though, Michaels
participates in some categories that are more sensitive to economic
conditions, such as seasonal decor and custom framing. Liquidity is
very good, reflective of strong positive free cash flow generation,
no near dated debt maturities, and access to a sizable $850 million
asset-based revolver to support seasonal working capital
requirements.

Michaels' ratings are constrained by financial sponsors Blackstone
Group and Bain Capital Partners controlling interest in the
company.  Despite our view that Bain and Blackstone have thus far
applied prudent financial policies and continue to reduce their
ownership position, the sponsors could consider re-leveraging the
company.

The stable outlook reflects Moody's opinion that Michaels will be
able to maintain solid credit metrics despite the seasonality of
the business and highly fragmented market segment.  There is also
an expectation for measured growth and ongoing conservative
financial policies.

An upgrade would require Michaels to maintain profitable growth
with operating margins in the mid-teens.  It would also require the
company to show evidence that its controlling owners, Blackstone
and Bain, support financial policies which allow the company to
maintain credit metrics consistent with a higher rating over the
medium term.  Quantitatively and upgrade would require debt to
EBITDA below 3.0 times and EBIT to interest expense above 4.25
times.

Rating could be downgraded should Michaels' financial policies
become more aggressive.  A ratings downgrade could also occur if
Michaels' operating performance deteriorate or debt levels increase
such that debt to EBITDA is sustained above 4.0 times or EBIT to
interest expense fall below 3.0 times.

The principal methodology used in these ratings was Retail Industry
published in October 2015.

Michaels Companies, Inc., is the largest dedicated arts and crafts
specialty retailer in North America.  The company operates 1,352
stores in 49 states and Canada under store brands Michaels (1,204),
Aaron Brothers (115), and Pat Catan's (33).  The company primarily
sells general and children's crafts, home decor and seasonal items,
framing and scrapbooking products. Total sales approached $5.0
billion as of April 30, 2016.  Michaels Companies, Inc. (ticker
"MIK"), is publicly traded, but remains 51% owned by affiliates of
Bain Capital Partners, LLC and The Blackstone Group, L.P., who
acquired Michaels in 2006.


MIDWAY GOLD: Selling Ely Townhome to Richardson for $85K
--------------------------------------------------------
Midway Gold Realty, LLC, and its affiliates ask the U.S. Bankruptcy
Court for the District of Colorado to approve a Residential
Purchase Agreement for the sale of real property to William
Richardson and/or a nominee for $85,000, and authorize the payment
of a broker's commission.

On the Petition Date, MGR owned, among other assets, real property
more commonly known as 401 Clark Street, Ely, Nevada 89301 and
further identified by Assessor's Parcel Number 001-291-08.  The
Property is a single-family townhome that was previously used to
house Debtors' employees.

MGR entered into an Exclusive Right to Sell Listing Agreement with
Klaas Realty LLC to sell the Property which  provides a 6%
commission for sale of the Property.  The commission will be split
50/50 between the buyer's broker and the seller's broker.

Klaas Realty listed and actively marketed the Property.  As a
result of its efforts, on or about June 27, 2016, MGR entered into
the Agreement with the Buyer for the sale of the Property.

The basic terms and conditions of the Agreement are summarized as
follows:

     a. The Buyer agrees to pay the purchase price of $85,000 for
the Property;

     b. The Buyer will pay a $1,000 earnest money deposit, which
has been paid.

     c. The parties agree to close the transaction on or before
July 22, 2016;

     d. MGR agrees to pay for the owner's title policy and the
parties agree to divide 50/50 the escrow fees, the real property
transfer tax and miscellaneous recording fees;

     e. The parties agree to prorate sewer use fees and real
property taxes;

     f. The Property is being sold in "as is, where is" condition;

     g. MGR has no liability to correct any defects and/or
requirements disclosed by inspection reports, appraisals and/or
certifications; and

     h. The Agreement is subject to Bankruptcy Court approval.

Attorneys for the Debtors:

          Stephen D. Lerner
          SQUIRE PATTON BOGGS (US) LLP
          221 E. Fourth Street, Suite 2900
          Cincinnati, OH 45202
          Telephone: (513) 361-1200
          Facsimile: (513) 361-1201
          E-mail: Stephen.lerner@squirepb.com

               - and -

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

               - and -

          Aaron J. Conrardy
          Harvey Sender
          SENDER WASSERMAN WADSWORTH, P.C.
          1660 Lincoln Street, Suite 2200
          Denver, Colorado 80264
          Telephone: (303) 296-1999
          Facsimile: (303) 296-7600 (fax)
          E-mail: hsender@sww-legal.com
                  aconrardy@sww-legal.com

                        About Midway Gold

Midway Gold Corp., incorporated on May 14, 1996 under the laws of
the Province of British Columbia, Canada, is engaged in the
acquisition, exploration and development of mineral properties
located in the state of Nevada and Washington.

Midway Gold operates primarily through its wholly-owned subsidiary
located in the United States, Midway Gold US Inc.  The executive
offices are in Englewood, Colorado.  Midway US currently has one
gold producing property: the Pan gold mine located in White Pine
County, Nevada.  Midway also has gold properties which are
exploratory stage projects where gold mineralization has been
identified, such as the Tonopah project in Nye County, Nevada, the
Gold Rock project in White Pine County, Nevada, and the Golden
Eagle project in Ferry County, Washington.  Out of these projects,
a permitting process has been undertaken only for the Gold Rock
project.  Finally, Midway's Spring Valley property, another gold
property located in Pershing County, Nevada, is subject to a joint
venture with Barrick Gold Exploration Inc.

On June 22, 2015, Midway Gold US Inc. and 12 related entities,
including parent Midway Gold Corp. each filed a petition in the
U.S. Bankruptcy Court for the District of Colorado seeking relief
under Chapter 11 of the U.S. Bankruptcy Code.  The Debtors' cases
have been assigned to Judge Michael E. Romero.

Judge Michael E. Romero directed the joint administration of the
cases under Case No. 15-16835.

The Debtors tapped Squire Patton Boggs (US) LLP as lead bankruptcy
counsel; Sender Wasserman Wadsworth, P.C., as special bankruptcy
and restructuring counsel; DLA Piper (Canada) LLP, as Canadian
bankruptcy counsel; Ernst & Young Inc., as information officer of
Canadian court; RBC Capital Markets, as investment banker; FTI
Consulting as financial advisor; and Epiq Solutions, as claims and
noticing agent.

Midway Gold Corp. disclosed $184 million in assets and $62.4
million in liabilities as of March 31, 2015.  Midway Gold US Inc.,
disclosed total assets of $2,461,673 and total liabilities of
$122,448,181 as of the Chapter 11 filing.

In July, the U.S. Trustee overseeing the Debtors' cases appointed
seven creditors to serve on the official committee of unsecured
creditors.  The creditors are American Assay Laboratories, EPC
Services Company, InFaith Community Foundation, Jacobs Engineering
Group Inc., SRK Consulting (US) Inc., Sunbelt Rentals, and Boart
Longyear.  Gavin/Solmonese LLC serves as its financial advisor.


MOBIVITY HOLDINGS: Amends Form S-1 Resale Prospectus with SEC
-------------------------------------------------------------
Mobivity Holdings Corp. filed an amended Form S-1 registration
statement with the Securities and Exchange Commission relating to
shares of common stock of the Company that may be offered for sale
for the account of certain selling stockholders.  The selling
stockholders may offer and sell from time to time up to 27,459,898
shares of the Company's common stock, which amount includes
8,551,168 shares to be issued to the selling stockholders only if
and when they exercise warrants held by them.

The Company amended the Registration Statement to delay its
effective date.

The shares owned by the selling stockholders may be sold in the
over-the-counter market, or otherwise, at prices and terms then
prevailing or at prices related to the then-current market price,
or in negotiated transactions.  Although the Company will incur
expenses in connection with the registration of the common stock,
the Company will not receive any of the proceeds from the sale of
the shares of common stock by the selling stockholders.  The
Company will receive gross proceeds of up to $10,217,433 from the
exercise of the warrants, if and when they are exercised.

The Company's common stock is quoted on the OTC Markets under the
symbol "MFON".  The last reported sale price of the Company's
common stock as reported by the OTC Markets on July 14, 2016, was
$0.84 per share.

A full-text copy of the Form S-1/A is available for free at:

                      https://is.gd/OybVLS

                    About Mobivity Holdings

Mobivity Holdings Corp. was incorporated as Ares Ventures
Corporation in Nevada in 2008.  On Nov. 2, 2010, the Company
acquired CommerceTel, Inc., which was wholly-owned by CommerceTel
Canada Corporation, in a reverse merger.  Pursuant to the Merger,
all of the issued and outstanding shares of CommerceTel, Inc.,
common stock were converted, at an exchange ratio of 0.7268-for-1,
into an aggregate of 10,000,000 shares of the Company's common
stock, and CommerceTel, Inc., became a wholly owned subsidiary of
the Company.  In connection with the Merger, the Company changed
its corporate name to CommerceTel Corporation on Oct. 5, 2010.
In connection with the Company's acquisition of assets from
Mobivity, LLC, the Company changed its corporate name to Mobivity
Holdings Corp. and its operating company to Mobivity, Inc, on
Aug. 23, 2012.

Mobivity reported a net loss of $6.13 million on $4.61 million of
revenues for the year ended Dec. 31, 2015, compared to a net loss
of $10.44 million on $4 million of revenues for the year ended Dec.
31, 2014.

As of March 31, 2016, Mobivity had $8.57 million in total assets,
$2.03 million in total liabilities and $6.54 million in total
stockholders' equity.


MOTORS LIQUIDATION: Lenders' Bid to Junk Avoidance Suit Denied
--------------------------------------------------------------
In the adversary proceeding captioned MOTORS LIQUIDATION COMPANY
AVOIDANCE ACTION TRUST, by and through the Wilmington Trust
Company, solely in its capacity as Trust Administrator and Trustee,
Plaintiff, v. JPMORGAN CHASE BANK, N.A., et al., Defendants,
Adversary Proceeding Case No. 09-00504 (MG) (Bankr. S.D.N.Y.),
Judge Martin Glenn of the United States Bankruptcy Court for the
Southern District of New York denied all of the following motions:

          1. The joint motion of certain Term Loan Investor
             Defendants to dismiss the Plaintiff's Amended         
    
             Complaint (the Term Loan Investors' Motion;

          2. The motion of Ad Hoc Group of Term Lenders to (1)
             vacate certain prior orders of the Court; and (2)
             dismiss the adversary proceeding;

          3. The motion of Defendant Continental Casualty Company
             to dismiss the Plaintiff's Amended Complaint;

          4. The motion of Term Loan Lenders for judgment on the
             pleadings; and

          5. The Moving Term Loan Lenders' Motion for judgment on
             the pleadings.

A full-text copy of Judge Glenn's June 30, 2016 memorandum opinion
and order is available at https://is.gd/P8v1h2 from Leagle.com.

The bankruptcy case is In re: MOTORS LIQUIDATION COMPANY, f/k/a
GENERAL MOTORS CORPORATION, et al., Chapter 11, Debtors, Case No.
09-50026 (MG), (Jointly Administered) (Bankr. S.D.N.Y.).

Motors Liquidation Company Avoidance Action Trust, by and through
the Wilmington Trust Company, solely in its capacity as Trust
Administrator and Trustee, Plaintiff, represented by Neil S. Binder
-- nbinder@binderschwartz.com -- Binder & Schwartz LLP, Lindsay A.
Bush -- lbush@binderschwartz.com -- Binder & Schwartz LLP, Eric
Fisher -- efisher@binderschwartz.com -- Binder & Schwartz LLP,
Lauren K. Handelsman -- lhandelsman@binderschwartz.com -- Binder &
Schwartz LLP, Tessa Brianne Harvey -- tharvey@binderschwartz.com --
Binder & Schwartz LLP, Michael M Hodgson --
mhodgson@binderschwartz.com -- Binder & Schwartz LLP, Evan J.
Zucker -- ezucker@blankrome.com -- Blank Rome LLP.

JPMorgan Chase Bank, N.A., individually and as Administrative Agent
for various lenders party to the Term Loan Agreement described
herein, Defendant, represented by John M. Callagy --
jcallagy@kelleydrye.com -- Kelley Drye & Warren, LLP, Emil A.
Kleinhaus -- eakleinhaus@wlrk.com -- Wachtell, Lipton, Rosen &
Katz, Martin Krolewski -- mkrolewski@kelleydrye.com -- Kelley Drye
& Warren, LLP, Harold S. Novikoff -- hsnovikoff@wlrk.com --
Wachtell, Lipton, Rosen & Katz, Christopher Lee Wilson --
clwilson@wlrk.com -- Wachtell, Lipton, Rosen & Katz, Marc Wolinsky
-- mwolinsky@wlrk.com -- Wachtell, Lipton, Rosen & Katz.

Alticor Inc, Defendant, represented by Joseph H. Lemkin, Stark &
Stark, Emily S. Rucker, Warner Norcross & Judd LLP, Gordon J.
Toering, Warner Norcross & Judd LLP.

Arrowgrass Master Fund Ltd, Defendant, represented by Elliot
Moskowitz, Davis Polk & Wardwell LLP.

Atrium IV, Defendant, represented by Bruce Bennett, Jones Day.

Blackrock Corporate High Yield Fund, Inc., Defendant, represented
byAndrew K. Glenn, Kasowitz, Benson, Torres & Friedman LLP.

Canadian Imperial Bank of Commerce, Defendant, represented by Oscar
N. Pinkas, Dentons US LLP.

DE-SEI Instl Inv TR-Hi Yld BD, Defendant, represented by Denis
Dice, Marshall Dennehey Warner Coleman & Goggin, Richard David
Lane, Marshall Dennehey Warner Coleman & Goggin, Joel Wertman,
Marshall Dennehey Warner Coleman & Goggin.

Foothill CLO I, Ltd., Defendant, represented by Mark T. Power, Hahn
& Hessen LLP.

Highland Credit Opportunities CDO, Ltd., Defendant, represented by
Jill B. Bienstock, Cole Schotz P.C., Gary H. Leibowitz, Cole Schotz
P.C..

Ohio Police & Fire Pension, Defendant, represented by Daniel R.
Swetnam, Ice Miller LLP.

Reams - City of Oakland Police, Defendant, represented by Noah M.
Schubert, Schubert Jonckheer & Kolbe, LLP.

State of Connecticut, Defendant, represented by Elizabeth Austin,
Pullman & Comley, LLC.

TCW IL St Brd of Inv, Defendant, represented by Andrew J.
Entwistle, Entwistle & Cappucci LLP.

Wells Cap Mgmt, Defendant, represented by Jordan E. Stern, Becker,
Glynn, Muffly, Chassin & Hosinski LLP.

City of Oakland Police & Fire Retirement System, Defendant,
represented byColin T Bowen,

City of Oakland Office of the City Attorney, Otis McGee, Jr., City
of Oakland Office of the City Attorney, Barbara J. Parker, Office
of the City Attorney City of Oakland, Kathryn Y
Schubert, Schubert Jonckheer & Kolbe, LLP, Selia M Warren, City of
Oakland Office of the City Attorney.

Continental Casualty Company, Defendant, represented by Daniel
Mills Hinkle, Elenius Frost & Walsh, William P Lalor, Elenius Frost
& Walsh, Paul Sheldon, Elenius Frost & Walsh.

Phoenix Edge Series Fund Phoenix Multi Sector Short Term Bond
Series, Defendant, represented by Brendan M. Scott, Klestadt
Winters Jureller Southard & Stevens, LLP.

Fairview Funding LLC, Defendant, represented by Donald F. Campbell,
Jr., Giordano Halleran & Ciesla, PC.

Indiana University, Defendant, represented by Michael M. Krauss,
Faegre Baker Daniels LLP.

Ivy Fund Inc.-High Income Fund, Defendant, represented by Matthew
Allen Alvis, K&L Gates LLP, Robert Honeywell, K&L Gates LLP, Joseph
Clark Wylie, II, K&L Gates LLP.

Kynikos Opportunity Fund II LP, Defendant, represented by Stewart D
Aaron, Arnold & Porter, LLP.

Morgan Stanley Senior Funding Inc., Defendant, represented by Bevin
M. Brennan, DLA Piper LLP, Kevin D. Finger, DLA Piper LLP.

Reams City of Montgomery Alabama Employees Retirement System,
Defendant, represented by Edward F. Haber, Shapiro Haber & Urmy
LLP.

State of Indiana Major Moves, Defendant, represented by Heather M.
Crockett, Office of the Attorney General, Maricel E.V. Skiles,
Office of the Indiana Attorney General.

The Ad Hoc Group of Term Lenders, The Ad Hoc Group of Term Lenders,
Defendant, represented by Marc T.G. Dworsky, Munger, Tolles &
Olson, LLP,Benjamin Rosenblum, Jones Day.

PNC Bank, National Association, Defendant, represented by John
Lucian, Blank Rome LLP, Stanley B. Tarr, Blank Rome LLP.

GCG, LLC, Claims and Noticing Agent, represented by Angela
Ferrante, Garden City Group, LLC.

Term Loan Lenders, Cross-Claimant, represented by Erin L Burke,
Jones Day, George M Garvey, Munger Tolles & Olson, Matthew A
Macdonald, Munger, Tolles & Olson.

Ad Hoc Group of Term Lenders, Cross-Claimant, represented by
Bradley Schneider, Munger, Tolles & Olson, LLP.

          About Motors Liquidation

General Motors Corporation and three of its affiliates filed for
Chapter 11 protection (Bankr. S.D.N.Y. Lead Case No. 09-50026) on
June 1, 2009.  The Honorable Robert E. Gerber presides over the
Chapter 11 cases.  Harvey R. Miller, Esq., Stephen Karotkin,
Esq., and Joseph H. Smolinsky, Esq., at Weil, Gotshal & Manges
LLP, assist the Debtors in their restructuring efforts.  Al Koch
at AP Services, LLC, an affiliate of AlixPartners, LLP, serves as
the Chief Executive Officer for Motors Liquidation Company.  GM
is also represented by Jenner & Block LLP and Honigman Miller
Schwartz and Cohn LLP as counsel.  Cravath, Swaine, & Moore LLP
is providing legal advice to the GM Board of Directors.  GM's
financial advisors are Morgan Stanley, Evercore Partners and the
Blackstone Group LLP.  Garden City Group is the claims and notice
agent of the Debtors.

The U.S. Trustee appointed an Official Committee of Unsecured
Creditors and a separate Official Committee of Unsecured
Creditors Holding Asbestos-Related Claims.  Lawyers at Kramer
Levin Naftalis & Frankel LLP served as bankruptcy counsel to the
Creditors Committee.  Attorneys at Butzel Long served as counsel
on supplier contract matters.  FTI Consulting Inc. served as
financial advisors to the Creditors Committee.  Elihu Inselbuch,
Esq., at Caplin & Drysdale, Chartered, represented the Asbestos
Committee.  Legal Analysis Systems, Inc., served as asbestos
valuation analyst.

The Bankruptcy Court entered an order confirming the Debtors'
Second Amended Joint Chapter 11 Plan on March 29, 2011.  The Plan
was declared effect on March 31.

On Dec. 15, 2011, Motors Liquidation Company was dissolved.  On
the Dissolution Date, pursuant to the Plan and the Motors
Liquidation Company GUC Trust Agreement, dated March 30, 2011,
between the parties thereto, the trust administrator and trustee
-- GUC Trust Administrator -- of the Motors Liquidation Company
GUC Trust, assumed responsibility for the affairs of and certain
claims against MLC and its debtor subsidiaries that were not
concluded prior to the Dissolution Date.

As of June 30, 2015, Motors Liquidation had $860 million in total
assets, $74 million in total liabilities and $786 million in net
assets in liquidation.


NATIONAL GENERAL: A.M. Best Rates $200MM 7.5% Preferred Stock 'bb'
------------------------------------------------------------------
A.M. Best has assigned an issue rating of "bb" to the recently
issued $200 million 7.50% non-cumulative perpetual preferred stock
of National General Holdings Corp. (NGHC) [NASDAQ: NGHC]
(headquartered in New York, NY). The outlook assigned to the rating
is stable. All remaining ratings of NGHC and its subsidiaries are
unchanged.

The proceeds from the issuance will be used for general corporate
purposes, including strategic acquisitions and support of current
and future policy writings. With the issuance of the preferred
shares, NGHC's adjusted debt-to-total capital and adjusted
debt-to-tangible capital measures remain within A.M. Best's
guidelines for the current rating level, as does its interest
coverage ratio.


NATIONWIDE PARTS: Case Summary & 10 Unsecured Creditors
-------------------------------------------------------
Debtor: Nationwide Parts & Hardware Inc
        1330 W Industrial Ave Ste 108
        Boynton Beach, FL 33426

Case No.: 16-19878

Chapter 11 Petition Date: July 15, 2016

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

Judge: Hon. Paul G. Hyman, Jr.

Debtor's Counsel: Mary Jo Rivero, Esq.
                  MARY JO RIVERO, P.A.
                  1806 N Flamingo Rd #355
                  Pembroke Pines, FL 33028
                  Tel: (954) 704-9332
                  Fax: (954) 704-2388
                  E-mail: ecf@maryjorivero.com

Estimated Assets: $50,000 to $100,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Christopher E. Ortiz, president.

A copy of the Debtor's list of 10 unsecured creditors is available
for free at http://bankrupt.com/misc/flsb16-19878.pdf


NETWORK CREATIVE: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Network Creative Group, LLC
           dba BlueHighways TV
        1242 Old Hillsboro Rd
        Franklin, TN 37069-9129

Case No.: 16-05024

Chapter 11 Petition Date: July 15, 2016

Court: United States Bankruptcy Court
       Middle District of Tennessee (Nashville)

Judge: Hon. Marian F Harrison

Debtor's Counsel: David W Houston, IV, Esq.
                  BURR & FORMAN LLP
                  511 Union Street, Suite 2300
                  Nashville, TN 37219
                  Tel: 615-724-3215
                  Fax: 615-724-3290
                  E-mail: dhouston@burr.com

Estimated Assets: Not Indicated

Estimated Liabilities: Not Indicated

The petition was signed by Alan McLaughlin, COO.

A copy of the Debtor's list of its 20 largest unsecured creditors
is available for free at http://bankrupt.com/misc/tnmb16-05024.pdf


NORTEL NETWORKS: Court Clarifies SNMP Infringement Ruling
----------------------------------------------------------
Judge Kevin Gross of the United States Bankruptcy Court for the
District of Delaware has issued clarifications to its February 8,
2016 ruling on the parties cross-motions for summary judgment in
the adversary proceeding captioned SNMP Research International,
Inc., and SNMP Research, Inc., Plaintiffs, v. Nortel Networks Inc.,
et al., and Avaya Inc., Defendants, Adv. No. 11-53454(KG) (Bankr.
D. Del.).

Judge Gross clarified that there is no question that Nortel
Networks Inc. infringed by transferring SNMP's software to
purchasers in the Business Line Sales, because the software was
embedded in the product.  The judge, however, said that it remains
a question of fact if Nortel profited from the infringement.

The bankruptcy case is In re: Nortel Networks Inc., et al., Chapter
11, Debtors, No. 09-10138(KG) (Jointly Administered) (Bankr. D.
Del.).

A full-text copy of Judge Gross' July 7, 2016 memorandum opinion is
available at https://is.gd/wr9PSQ from Leagle.com.

SNMP Research International, Inc. is represented by:

          Nicholas J. Brannick, Esq.
          Norman L. Pernick, Esq.
          COLE SCHOTZ P.C.
          500 Delaware Avenue, Suite 1410
          Wilmington, DE 19801
          Tel: (302)652-3131
          Fax: (302)652-3117
          Email: nbrannick@coleschotz.com
                 npernick@coleschotz.com

            -- and --

          Gilbert D. Dean, Esq. 410
          COLE SCHOTZ P.C.
          300 East Lombard Street, Suite 1450
          Baltimore, MD 21202
          Tel: (410)230-0660
          Fax: (410)230-0667
          Email: ddean@coleschotz.com

            -- and --

          John L. Wood, Esq.
          EGERTON, MCAFEE, ARMISTEAD & DAVIS, P.C.
          900 S. Gay Street
          Riverview Tower 14th Floor
          Knoxville, TN 37902
          Tel: (865)546-0500
          Fax: (865)525-5293
          Email: jwood@emlaw.com

Nortel Networks Inc. is represented by:

          Derek C. Abbott, Esq.
          Andrew R. Remming, Esq.
          Tamara K. Minott, Esq.
          MORRIS, NICHOLS, ARSHT & TUNNEL
          1201 North Market Street, 16th Floor
          Wilmington, DE 19899-1347
          Tel: (302)658-9200
          Fax: (302)658-3989
          Email: dabbott@mnat.com
                 aremming@mnat.com
                 tminott@mnat.com

            -- and --

          David H Herrington, Esq.
          Jennifer M. Palmer, Esq.
          Lisa M. Schweitzer, Esq.
          CLEARY GOTTLIEB STEEN & HAMILTON LLP
          One Liberty Plaza
          New York, NY 10006
          Tel: (212)225-2000
          Email: dherrington@cgsh.com
                 jpalmer@cgsh.com
                 lschweitzer@cgsh.com

Avaya Inc. is represented by:

          Elihu Ezekiel Allinson, III, Esq.
          William A. Hazeltine, Esq.
          William D. Sullivan, Esq.
          SULLIVAN HAZELTINE ALLINSON LLC
          901 North Market Street, Suite 1300
          Wilmington, DE 19801
          Tel: (302)428-8191
          Fax: (302)428-8095
          Email: zallinson@sha-llc.com
                 whazeltine@sha-llc.com
                 bsullivan@sha-llc.com

            -- and --

          Michael Joseph Custer, Esq.
          PEPPER HAMILTON LLP
          Hercules Plaza, Suite 5100
          1313 Market Street
          Wilmington, DE 19899-1709
          Tel: (302)777-6500
          Fax: (302)421-8390
          Email: custerm@pepperlaw.com

            -- and --

          Tor Frederick, Esq.
          Paul R. Gupta, Esq.
          Clifford R. Michel, Esq.
          ORRICK HERRINGTON & SUTCLIFFE LLP

            -- and --

          Joshua Krumholz, Esq.
          John J. Monaghan, Esq.
          HOLLAND & KNIGHT LLP
          10 St. James Avenue, 11th Floor
          Boston, MA 02116
          Tel: (617)523-2700
          Fax: (617)523-6850
          Email: joshua@krumholz@hklaw.com  
                 john.monaghan@hklaw.com

            -- and --

          Barbra Rachel Parlin, Esq.
          HOLLAND & KNIGHT LLP
          31 West 52nd Street
          New York, NY 10019
          Tel: (212)513-3200
          Fax: (212)385-9010
          Email: barbra.parlin@hklaw.com

James L. Garrity, Jr. is represented by:

          Colm F. Connolly, Esq.
          MORGAN, LEWIS & BROCKIUS LLP
          1007 N. Orange St., Ste. 501
          Wilmington, DE 19801
          Tel: (302)574-3000
          Fax: (302)574-3001
          Email: colm.connolly@morganlewis.com

                    About Nortel Networks

Headquartered in Ontario, Canada, Nortel Networks Corporation and
its various affiliated entities provided next-generation
technologies, for both service provider and enterprise networks,
support multimedia and business-critical applications.  Nortel did
Networks Limited was the principal direct operating subsidiary of
Nortel Networks Corporation.

On Jan. 14, 2009, Nortel Networks Inc.'s ultimate corporate parent
Nortel Networks Corporation, NNI's direct corporate parent Nortel
Networks Limited and certain of their Canadian affiliates commenced
a proceeding with the Ontario Superior Court of Justice under the
Companies' Creditors Arrangement Act (Canada) seeking relief from
their creditors.  Ernst & Young was appointed to serve as monitor
and foreign representative of the Canadian Nortel Group.  That same
day, the Monitor sought recognition of the CCAA Proceedings in U.S.
Bankruptcy Court (Bankr. D. Del. Case No. 09-10164) under Chapter
15 of the U.S. Bankruptcy Code.

That same day, NNI and certain of its affiliated U.S. entities
filed voluntary petitions for relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Del. Case No. 09-10138).

In addition, the High Court of England and Wales placed 19 of
NNI's European affiliates into administration under the control of
individuals from Ernst & Young LLP.  Other Nortel affiliates have
commenced and in the future may commence additional creditor
protection, insolvency and dissolution proceedings around the
world.

On May 28, 2009, at the request of administrators, the Commercial
Court of Versailles, France, ordered the commencement of secondary
proceedings in respect of Nortel Networks S.A.  On June 8, 2009,
Nortel Networks UK Limited filed petitions in U.S. Bankruptcy Court
for recognition of the English Proceedings as foreign main
proceedings under Chapter 15.

U.S. Bankruptcy Judge Kevin Gross presides over the Chapter 11 and
15 cases.  Mary Caloway, Esq., and Peter James Duhig, Esq., at
Buchanan Ingersoll & Rooney PC, in Wilmington, Delaware, serves as
Chapter 15 petitioner's counsel.

In the Chapter 11 case, James L. Bromley, Esq., and Howard S.
Zelbo, Esq., at Cleary Gottlieb Steen & Hamilton, LLP, in New York,
serve as the U.S. Debtors' general bankruptcy counsel; Derek C.
Abbott, Esq., at Morris Nichols Arsht & Tunnell LLP, in Wilmington,
serves as Delaware counsel.  The Chapter 11 Debtors' other
professionals are Lazard Freres & Co. LLC as financial advisors;
and Epiq Bankruptcy Solutions LLC as claims and notice agent.

The U.S. Trustee appointed an Official Committee of Unsecured
Creditors in respect of the U.S. Debtors.

An ad hoc group of bondholders also was organized.  An Official
Committee of Retired Employees and the Official Committee of
Long-Term Disability Participants tapped Alvarez & Marsal
Healthcare Industry Group as financial advisor.  The Retiree
Committee is represented by McCarter & English LLP as Delaware
counsel, and Togut Segal & Segal serves as the Retiree Committee.
The Committee retained Alvarez & Marsal Healthcare Industry Group
as financial advisor, and Kurtzman Carson Consultants LLC as its
communications agent.

Several entities, particularly, Nortel Government Solutions
Incorporated and Nortel Networks (CALA) Inc., have material
operations and are not part of the bankruptcy proceedings.

As of Sept. 30, 2008, Nortel Networks Corp. reported consolidated
assets of $11.6 billion and consolidated liabilities of $11.8
billion.  The Nortel Companies' U.S. businesses are primarily
conducted through Nortel Networks Inc., which is the parent of
majority of the U.S. Nortel Companies.  As of Sept. 30, 2008, NNI
had assets of about $9 billion and liabilities of $3.2 billion,
which do not include NNI's guarantee of some or all of the Nortel
Companies' about $4.2 billion of unsecured public debt.

Since the commencement of the various insolvency proceedings,
Nortel has sold its business units and other assets to various
purchasers.  Nortel has collected roughly $9 billion for
distribution to creditors.  Of the total, $4.5 billion came from
the sale of Nortel's patent portfolio to Rockstar Bidco, a
consortium consisting of Apple Inc., EMC Corporation,
Telefonaktiebolaget LM Ericsson, Microsoft Corp., Research In
Motion Limited, and Sony Corporation.  The consortium defeated a
$900 million stalking horse bid by Google Inc. at an auction.  The
deal closed in July 2011.

Nortel has filed a proposed plan of liquidation in the U.S.
Bankruptcy Court.  The Plan generally provides for full payment on
secured claims with other distributions going in accordance with
the priorities in bankruptcy law.

The trial on how to divide proceeds among creditors in the U.S.,
Canada, and Europe commenced on Sept. 22, 2014.  The question of
how to divide $7.3 billion raised in the international bankruptcy
of Nortel Networks Corp. was answered on May 12, 2015, by two
judges, one in the U.S. and one in Canada.

According to The Wall Street Journal, Justice Frank Newbould of the
Ontario Superior Court of Justice in Toronto and Judge Kevin Gross
of the U.S. Bankruptcy Court in Wilmington, Del., agreed on the
outcome: a modified pro rata split of the money.


OLD COLD: Exclusive Plan Filing Period Extended to Oct. 25
----------------------------------------------------------
The Hon. J. Michael Deasy of the U.S. Bankruptcy Court for the
District of New Hampshire has extended, at the behest of Old Cold,
LLC, the exclusive period for the Debtor to file a Chapter 11 plan
through Oct. 25, 2016, and the period for the Debtor to solicit
acceptances of the plan through Dec. 24, 2016.

As reported by the Troubled Company Reporter on June 17, 2016, the
Debtor sought the extension, believing that an expeditious
restructuring is crucial to preserving the value of its businesses
and is in the best interests of the estate and all its
stakeholders.  The Debtor sought a sale of its assets and now seeks
to wind down its remaining assets.  The Debtor expects to file
certain objections to claims and seek the approval of a plan of
liquidation in due course.  Further the outcomes of the pending
appeals will greatly impact the Debtor's ability to reorganize.
Currently oral argument in both appeals is scheduled for July 18,
2016, before the Bankruptcy Appellate Panel.  Accordingly, no
decision will be rendered prior to the current Exclusive Periods.


Based in Portsmouth, New Hampshire, Old Cold, LLC, is a material
innovation company, with the front-facing brands of Coolcore and
Dr. Cool.  Coolcore, the global leader in chemical-free cooling
fabrics, has partnerships to develop fabrics for consumer brands
throughout the world.  Dr. Cool is a consumer goods brand based on
the foundation of chemical-free cooling products.

Old Cold filed for Chapter 11 bankruptcy protection (Bankr. D.
N.H.
Case No. 15-11400) on Sept. 1, 2015.


ON QUE FOOD: Hires Blackman & Melville as Attorney
--------------------------------------------------
On Que Food Service Group LLC dba Jakes Wayback Burgers seeks
authorization from the U.S. Bankruptcy Court for the Eastern
District of New York to employ Blackman & Melville, P.C. as
attorney.

The proposed arrangement for compensation, including hourly rates,
if applicable is for legal work $300 per hour work with regards to
the case.

Blackman & Melville will also be reimbursed for reasonable
out-of-pocket expenses incurred.

The Debtor has been charged and quoted a retainer fee in the amount
of $15,000.

Nigel E. Blackman, member of Blackman & Melville, 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.

Blackman & Melville can be reached at:

       Nigel E. Blackman, Esq.
       BLACKMAN & MELVILLE, P.C
       11 Broadway, Suite 615
       New York, NY 10004
       Tel: (718) 576-1646

On Que Food Service LLC, a Jakes Wayback Burgers franchisee, filed
a chapter 11 petition (Bankr. E.D.N.Y. Case No. 16-41930) on May 3,
2016, estimating its assets and debts at less than $1 million.
Nigel E. Blackman, Esq., at Blackman & Melville, PC, in
Lawrenceville, Ga., represents the Debtor.


P2 UPSTREAM: S&P Lowers CCR to 'B-' on Higher Leverage
------------------------------------------------------
S&P Global Ratings said it lowered its corporate credit rating on
Houston-based P2 Upstream Acquisition to 'B-' from B.  The outlook
is negative.

S&P also lowered its issue-level ratings on the company's
first-lien credit facilities to 'B' from 'B+'.  The recovery
ratings remain '2', indicating S&P's expectation for substantial
(70% to 90%; upper half of the range) recovery in the event of a
payment default.

Additionally, S&P lowered its issue-level ratings on the company's
second-lien term loan to 'CCC' from 'CCC+'.  The recovery rating on
the second-lien term loan remains '6', indicating S&P's expectation
for negligible (0% to 10%) recovery in the event of a ayment
default.

"The downgrade reflects the substantial declines in capital
spending among P2's customer base because of continued weakness in
the O&G market, resulting in increased leverage to about 8x as of
March 31, 2016, up from the high 6x-area year over year," said S&P
Global Ratings credit analyst Andrew Yee.

Based on S&P's expectation that U.S. E&P companies will cut capital
spending by about 40% in 2016 after an already significant 35%
year-over-year spending reduction in 2015, S&P projects P2's total
revenues will be down by about 12% to 15% and profitability will be
under pressure by fiscal year-end Sept. 30, 2016, such that
leverage increases to the mid- to high-8x-area.  Free operating
cash flow (FOCF) was about $10 million for the 12 months ended
March 31, 2016, the same as the year-ago period.  S&P expects FOCF
to weaken over the next 12 months but continue to stay positive.

The negative outlook on P2 reflects S&P's expectation for continued
declines in license sales and renewals, which could result in lower
profitability and lower free operating cash flow.


PARAGON OFFSHORE: "Nightmare" for Secured Creditors
---------------------------------------------------
John E. Morris, writing for Bloomberg Brief, reported that some of
Paragon Offshore's lenders may end up with a worse deal than junior
creditors when the Texas-based drill rig operator completes its
restructuring, according to Bloomberg Intelligence senior credit
analyst Philip Brendel.  This, according to Mr. Brendel, highlights
the need for creditors to get liens on cash and robust covenants.

"The recent journey of secured term-loan lenders in Paragon
Offshore may seem like their worst nightmare," Mr. Brendel said in
a June 27 report.  "Not only are lenders of the $642 million term
loan marking their debt at 26 cents on the dollar, they may also
see pari passu lenders and even junior creditors receive cash
distributions and recoveries higher than where their paper
trades."

According to the report, Paragon term-loan lenders, advised by Kaye
Scholer and FTI, objected to the company's reorganization plan at a
hearing in Delaware that ended June 20.  

The key in Paragon's case is that neither its revolver nor its term
loan -- which are pari passu -- had a lien on cash, the report
related.  Instead they were secured by first liens on most other
assets, the report said.  Paragon took advantage of that in
September, drawing $332 million on the revolver, the report added.
Now it plans to give $510 million of cash to unsecured creditors
and revolver lenders but none to the term lenders, the report
further related.

                      About Paragon Offshore

Paragon Offshore plc -- http://www.paragonoffshore.com/-- is a    

global provider of offshore drilling rigs.  Paragon's operated
fleet includes 34 jackups, including two high specification heavy
duty/harsh environment jackups, and six floaters (four drillships
and two semisubmersibles). Paragon's primary business is
contracting its rigs, related equipment and work crews to conduct
oil and gas drilling and workover operations for its exploration
and production customers on a dayrate basis around the world.
Paragon's principal executive offices are located in Houston,
Texas.  Paragon is a public limited company registered in England
and Wales and its ordinary shares have been trading on the
over-the-counter markets under the trading symbol "PGNPF" since
December 18, 2015.

Paragon Offshore Plc, et al., filed separate Chapter 11 bankruptcy
petitions (Bankr. D. Del. Case Nos. 16-10385 to 16-10410) on Feb.
14, 2016, after reaching a deal with lenders on a reorganization
plan that would eliminate $1.1 billion in debt.

The petitions were signed by Randall D. Stilley as authorized
representative.  Judge Christopher S. Sontchi is assigned to the
cases.

The Debtors reported total assets of $2.47 billion and total debts
of $2.96 billion as of Sept. 30, 2015.

The Debtors have engaged Weil, Gotshal & Manges LLP as general
counsel, Richards, Layton & Finger, P.A. as local counsel, Lazard
Freres & Co. LLC as financial advisor, Alixpartners, LLP as
restructuring advisor, and Kurtzman Carson Consultants as claims
and noticing agent.


PAUL GREMILLION: Court Denies Approval of Settlement with Gemino
----------------------------------------------------------------
Judge Elizabeth W. Magner of the United States Bankruptcy Court for
the Eastern District of Louisiana denied Paul Gremillion, Sr.'s
motion for an order approving a settlement agreement and compromise
with Gemino Healthcare Finance, LLC.

Judge Wagner held that "while the Affidavit, executed on October
19, 2015, does represent that the 'material terms' of a settlement
have been confirmed, it does not represent that those terms have
been reduced to writing.  Gemino also filed the Affidavit within
the forty-five day period for payment.  For these reasons, the
Court does not find that the representations contained in the
Pennsylvania Complaint or Affidavit were misleading or contrary to
Gemino's present position."

The case is IN RE: PAUL GREMILLION, SR., SECTION A, Chapter 11,
DEBTOR, Case No. 15-13063 (Bankr. E.D. La.).

A full-text copy of Judge Magner's July 7, 2016 order and reasons
is available at https://is.gd/NqvYUj from Leagle.com.

Paul Gremillion, Sr. is represented by:

          John C. Anderson, Esq.
          ANDERSON & DANIELS, LLC
          Baton Rouge, LA 70884
          Tel: (225)292-8176
          Fax: (225)706-1413
          Email: jca@andersonfirm.net

Office of the U.S. Trustee, U.S. Trustee, is represented by:

          Amanda Burnette George, Esq.
          OFFICE OF THE U.S. TRUSTEE
          400 Poydras Street, Suite 2110
          New Orleans, LA 70130
          Tel: (504)589-4018
          Fax: (504)589-4096


PEAK WEB: Creditors' Panel Hires Ball Janik as Counsel
------------------------------------------------------
The Official Committee of Unsecured Creditors of Peak Web LLC seeks
authorization from the U.S. Bankruptcy Court for the District of
Oregon to retain Ball Janik LLP as counsel to the Committee.

The Committee requires Ball Janik to:

   (a) assist the Committee in the investigation of the financial
       affairs of the Debtor;

   (b) assist the Committee in evaluating and negotiating any
       proposed sale of all or substantially all of the Debtor's
       assets, by auction or otherwise;

   (c) assist the Committee in evaluating alternatives to the sale

       of the Debtor's assets, including the feasibility of
       proposing and confirming a plan of reorganization;

   (d) prepare all necessary applications, motions, memoranda,
       responses, complaints, answers, orders, notices, reports,
       and other papers required in this case; and

   (e) represent the Committee in all other aspects of this
       Chapter 11 case.

Ball Janik will be paid at these hourly rates:

       Brad T. Summers, Partner     $525
       Naomi Johnson, Associate     $300
       Stuart Wylen, Paralegal      $200

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

Brad T. Summers, partner of Ball Janik, 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.

Ball Janik can be reached at:

       Brad T. Summers, Esq.
       BALL JANIK LLP
       101 SW Main Street, Ste 1100
       Portland, OR 97204
       Tel: (503) 228-2525
       Fax: (503) 295-1058
       E-mail: tsummers@balljanik.com

                         About Peak Web

Headquartered in Oregon, Peak Web, LLC dba Peak Hosting, is a
managed-service company that provides the servers, storage,
network, datacenter, and staff for some of the largest online
businesses.  Peak's operations and engineering teams currently
support 26 customers in industries spanning online and mobile
gaming, finance, real estate, consulting, and big data companies.
Peak has 50% of its data center pre-built and ready for new
customers.  This equates to about 100 racks of space, which can
accommodate approximately 2,000 additional servers for the
expansion of new and existing customers.

Peak Web sought creditor protection in the U.S. Bankruptcy Court
for the District of Oregon (Bankr. D. Ore. Case No. 16-32311) on
June 13, 2016.  The petition was signed by Jeffrey E. Papen as
CEO.

The Debtor estimated assets in the range of $100 million to $500
million and liabilities of up to $100 million.

The Debtor has engaged Tonkon Torp LLP as counsel, Cascade Capital
Group, LLC as consultant and Susman Godfrey LLP and Ropers Majeski
Kohn Bentley PC as its litigation counsel.

The case is assigned to Judge Peter C McKittrick.


PERMIAN RESOURCES: Apollo-Led Investors Said to Snap Up Assets
--------------------------------------------------------------
David Carey, writing for Bloomberg Brief, reported that
distressed-debt investors including Leon Black's Apollo Global
Management LLC have snapped up much of the debt of Permian
Resources, with an eye to potentially capturing control of the oil
and gas producer started in 2014 by the late Aubrey McClendon,
people familiar with the matter said.

Apollo and EIG Global Energy Partners, a Washington-based firm,
paid fire-sale prices for the debt starting in 2015 after oil
prices plunged, while amassing more than half of Permian Resources'
$1.6 billion face value of unsecured bonds, according to the
people, who asked not to be named because the information is
private, the report said.

WL Ross & Co., led by distressed investor Wilbur Ross, is a third
major holder of the unsecured bonds, which makes up just over half
the company’s $3 billion of debt, the people said, according to
the report.

All three firms pursue distress-for-control plays, which involve
accumulating stakes in troubled companies' debt with the objective
of wresting control through a debt-for-equity swap, either in an
out-of-court restructuring or in a bankruptcy reorganization, the
report related.

The Bloomberg report said the Wall Street Journal also reported the
firms had invested in the oil and gas producer’s debt in a bid to
take control.  That outcome may be in the cards for Permian
Resources, Carin Dehne-Kiley, an analyst at S&P Global Ratings,
said in a phone interview, the report related.  "The debt load is
not sustainable," she said.

According to Bloomberg, Oklahoma City-based Permian Resources,
formerly named American Energy-Permian Basin, is widely seen as
having among the best assets of a half dozen oil-and-gas
acquisition vehicles that McClendon set up during his brief tenure
at American Energy Partners.  AEP is the deal boutique he founded
in 2013 after being ousted as chief executive officer of Chesapeake
Energy Corp., the nation's second-largest natural gas producer, the
report related.

McClendon, who died in a car crash in March, got most of his equity
funding from Energy & Minerals Group, the Houston-based private
equity firm that currently controls Permian Resources, but the bulk
of the money for his deals came from debt, a bent for borrowing
that now plagues, in addition to McClendon's startups, scores of
oil and gas producers that binged on loans in heady days when oil
prices were high, the report further related.

                      *     *     *

The Troubled Company Reporter on May 27, 2016, reported that S&P
Global Ratings raised its corporate credit rating on
Oklahoma-City-based oil and gas exploration and production company
Permian Resources LLC (formerly American Energy Permian Basin LLC)
and parent company Permian Resources Holdings LLC (formerly
American Energy Permian Holdings LLC) to 'CCC' from 'SD'.


POPEXPERT INC: Creditors' Panel Hires Pachulski Stang as Counsel
----------------------------------------------------------------
The Official Committee of Unsecured Creditors of PopExpert, Inc.
seeks authorization from the U.S. Bankruptcy Court for the Northern
District of California to retain Pachulski Stang Ziehl & Jones LLP
as counsel, effective May 17, 2016.

The Committee requires Pachulski Stang to:

   (a) assist, advise, and represent the Committee in its
       consultations with the Debtor and other creditor
       constituencies or parties in interest regarding the
       administration of this case;

   (b) assist, advise, and represent the Committee in analyzing
       the Debtor's assets and liabilities, investigating the
       extent and validity of liens and participating in and
       reviewing any proposed asset sales, other asset
       dispositions, financing arrangements and cash collateral
       stipulations or proceedings;

   (c) assist, advise, and represent the Committee in any manner
       relevant to reviewing and determining the Debtor's rights
       and obligations under unexpired leases and executory
       contracts;

   (d) assist, advise, and represent the Committee in
       investigating the acts, conduct, assets, liabilities and
       financial condition of the Debtor, the operation of the
       Debtor's business and the desirability of the continuance
       of any portion of the business, and any other matters
       relevant to this case or to the formulation of a plan;

   (e) assist, advise, and represent the Committee in its
       participation in the negotiation, formulation and drafting
       of a plan of reorganization;

   (f) provide advice to the Committee on the issues concerning
       the appointment of a trustee or examiner under section 1104

       of the Bankruptcy Code;

   (g) assist, advise, and represent the Committee in the
       performance of all of its duties and powers under the
       Bankruptcy Code and the Bankruptcy Rules and in the
       performance of such other services as are in the interests
       of those represented by the Committee; and

   (h) assist, advise, and represent the Committee in the
       evaluation of claims and any litigation matters.

Pachulski Stang will be paid at these hourly rates:

       John D. Fiero             $825
       Paralegal                 $325

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

John D. Fiero, partner of Pachulski Stang, assured the Court that
the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtors and their estates.

Pachulski Stang can be reached at:

       John D. Fiero, Esq.
       PACHULSKI STANG ZIEHL & JONES LLP
       150 California Street, 15th Floor
       San Francisco, CA 94111-4500
       Tel: (415) 263-7000
       E-mail: jfiero@pszjlaw.com

                       About PopExpert

PopExpert, Inc., nka Old PXPRT Inc., develops and operates a number
of internet platforms that provide on demand access to lifelong
learning.  Its platforms enable customers to learn from top experts
around topics that help customers improve at life, work and play.
On popexpert.com individuals can connect with experts for live and
one-to-one video lessons in several subject areas.  The subject
areas generally involve topics of emotional intelligence or
emotional quotient (EQ), such as meditation, nutrition,
relationships, productivity, career mentoring, language, music, and
style. The experience on the PopExpert Web site --
http://www.popexpert.com/-- allows users to book and pay for
lessons, and video chat, all from their accounts, as well as to
sign up for on demand online workshops in various topics.

PopExpert, Inc., sought protection under Chapter 11 of the
Bankruptcy Code in the Northern District of California (San
Francisco) (Case No. 16-30390) on April 12, 2016.  The petition was
signed by Ingrid Sanders, chief executive officer.

The case is assigned to Judge Hannah L. Blumenstiel.

The Debtor is represented by Ori Katz, Esq., at Sheppard, Mullin,
Richter & Hampton.  

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


POTLATCH CORP: S&P Assigns 'BB' Rating on Proposed $65.7MM Bonds
----------------------------------------------------------------
S&P Global Ratings assigned its 'BB' issue-level rating and '3'
recovery rating to Potlatch Corp.'s proposed $65.7 million senior
unsecured revenue bond obligation, to be issued by Nez Perce
County, Idaho.  Potlatch will use proceeds of the new bond issue to
refinance its existing pollution revenue bonds series 1996
(obligor: Potlatch Corp.) in the amount of about $65.7 million. The
new revenue bonds will mature and be due and payable on
Oct. 1, 2024, the same maturity date as the bonds they are
replacing.

The '3' recovery rating on the new bonds indicates that investors
could expect meaningful (50%-70%; higher end of the range) recovery
in the event of a default.

Potlatch Corp. (BB/Positive) is a timber real estate investment
trust (REIT) that owns approximately 1.4 million acres of
timberland in Alabama, Arkansas, Idaho, Minnesota, and Mississippi.
The company derives much of its income from the sale of timber,
investments in real estate, and manufacture of wood products.

Ratings List

Potlatch Corp.
Corporate Credit Rating               BB/Positive/--

New Rating

Potlatch Corp.*
$65.7 mil sr unsecd rev bonds         BB
  Recovery Rating                      3H

*Issuer: Nez Perce County, Idaho.


PREFERRED CONCRETE: Hires Allocco Miller as Special Counsel
-----------------------------------------------------------
Preferred Concrete & Excavating Inc. seeks authorization from the
U.S. Bankruptcy Court for the Northern District of Illinois to
employ Todd A. Miller and Allocco, Miller and Cahili, P.C. as
special counsel.

The Debtor requires Allocco Miller to:

   (a) provide legal advice to and representation of the Debtor
       with respect to the union matter; and

   (b) perform all legal work required by the Debtor relating to
       the post petition union matters.

Allocco Miller will be paid at these hourly rates:

       Todd A. Miller          $350
       Kathleen M. Cahill      $225
       Megan M. Moore          $225

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

As of the petition date, Allocco Miller is owed $7,650 from the
Debtor and is not holding any funds on retainer.

Todd A. Miller, principal partner of Allocco Miller, 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.

Allocco Miller can be reached at:

       Todd A. Miller, Esq.
       ALLOCCO, MILLER AND CAHILL, P.C.
       20 N. Wacker Drive, Suite 3517
       Chicago, IL 60606
       Tel: (312) 675-4325
       Fax: (312) 675-4326
       E-mail: tam@alloccomiller.com
       
Preferred Concrete & Excavating, Inc., is a union concrete
contractor engaged in concrete in construction in Northern Illinois
and surrounding areas for the past 14 years.  The Debtor has
approximately 10 employees.

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. N.D.
Ill. Case No. 16-81114) on May 4, 2016.  O. Allan Fridman, Esq., at
the Law Office of O. Allan Fridman serves as the Debtor's
bankruptcy counsel.


PREMIUM TRANSPORTATION: Has Until Oct. 10 to Exclusively File Plan
------------------------------------------------------------------
The Hon. Kevin J. Carey of the U.S. Bankruptcy Court for the
District of Delaware has extended, at the behest of Premium
Transportation Services, Inc., the period during which the Debtor
has the exclusive right to file a Chapter 11 plan by 90 days
through and including Oct. 10, 2016, and the period during which
the Debtor has the exclusive right to solicit acceptances of the
plan through and including Dec. 8, 2016.

As reported by the Troubled Company Reporter on June 30, 2016, the
Exclusive Period to file a plan terminated on July 11, 2016, and
the Exclusive Period to solicit acceptances of the Plan is set to
expire on Sept. 9, 2016.

                About Premium Transportation

Premium Transportation Services, Inc., sought protection under
Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for
the District of Delaware (Delaware) (Case No. 16-10629) on March
13, 2016.  The Debtor is a logistics provider with expertise in
distributing imports.

The Debtor is represented by Robert J. Dehney, Esq., and Erin R.
Fay, Esq., at Morris, Nichols, Arsht & Tunnell, LLP.  The petition
was signed by Sam Joumblat, CFO.

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

Andrew Vara, acting U.S. trustee for Region 3, originally appointed
five members to the official committee of unsecured creditors of
Premium Transportation Services Inc.  On April 5, the U.S. Trustee
said one member -- TEC of California Inc. -- has resigned.  The
remaining committee members are The Claro Group, LLC, Flexi Van
Leasing Inc., QED Software LLC d/b/a Trinium Technologies, and Juan
Umana.  The Committee retained Province, Inc., as Financial
Advisor.

                        *     *     *

Premium Transportation Services, Inc., filed a first amended plan
of reorganization and accompanying disclosure statement to, among
other things, modify the estimated recovery of creditors and
estimated amount of claims.

Under the First Amended Plan, holders of Class 6 - General
Unsecured Claims will recover an estimated 2.5% to 7% of their
total allowed claims, which amount to $7,000,000 to $20,000,000.
Holders of Class 5 - Trade Claims will recover an estimated 62% to
80% of their total allowed claims, which amount to $900,000 to
$1,200,000.


PUERTO RICO: Hires Public Financial Management as Adviser
---------------------------------------------------------
Michelle Kaske, writing for Bloomberg Brief, reported that Puerto
Rico hired Public Financial Management Inc. to serve as the
commonwealth's adviser on capital financing transactions.

Terms of the agreement weren't disclosed, according to the report.
The Philadelphia-based firm will assist the island and its various
utilities and agencies on pricing and execution of borrowings
through June 2017, the Puerto Rico Fiscal Agency and Financial
Advisory Authority said in a statement, the report related.  The
authority serves as the commonwealth's fiscal agent after Governor
Alejandro Garcia Padilla in April placed the Government Development
Bank in an emergency period as the bank's liquidity diminished, the
report further related.

PFM served as a financial adviser to the GDB from July 2014 through
June 30, 2016, the report said, citing Puerto Rico's Office of the
Comptroller.  Two contracts for that period total $1.3 million,
according to the documents, the report said.


PUERTO RICO: Rubio, Pierluisi Among Appointees to Task Force
------------------------------------------------------------
Ryan Rainey, writing for Morning Consult, reported that Sens. Orrin
Hatch (Utah) and Marco Rubio (Fla.) will be Senate Republicans'
representatives on a bicameral task force charged with coming up
with methods to help Puerto Rico emerge from its debt crisis.

According to the report, Rep. Nydia Velazquez (D-N.Y.) and Puerto
Rico's non-voting representative in Congress, Pedro Pierluisi, will
represent House Democrats.

Senate Majority Leader Mitch McConnell (R-Ky.) on July 15 appointed
the two senators to the task force, which is separate from the
fiscal oversight board established by the recently passed law to
address the island's debt crisis, the report related.  Hatch is
chairman of the Senate Finance Committee, and Rubio has been an
outspoken advocate for a solution to the island's crisis, the
report said.  His home state, Florida, has one of the largest
populations of people of Puerto Rican origin in the country, the
report further related.

Velazquez, whom House Minority Leader Nancy Pelosi (Calif.)
appointed on July 14, was born in Puerto Rico and represents a
district in New York City with approximately 105,000 residents of
Puerto Rican origin, the report noted, citing Census Bureau data.
Senate Minority Leader Harry Reid announced his appointment of
Sens. Bill Nelson (Fla.) and Robert Menendez (N.J.) to the task
force, the report added.

The report recalled that President Obama on June 30 signed into law
the Puerto Rico Oversight, Management and Economic Stability Act,
also known as PROMESA. The congressional task force it established
is required to complete a report on the causes and possible
solutions to the crisis by the end of 2017, the report said.


RAHMANIA PROPERTIES: Plan Filing Deadline Moved to Aug. 23
----------------------------------------------------------
The Hon. Elizabeth S. Stong of the U.S. Bankruptcy Court for the
Eastern District of New York has extended, at the behest of
Rahmania Properties LLC, the time within which the Debtor has the
exclusive right to file a plan of reorganization and to solicit
acceptances with respect thereto for 120 days through and including
Aug. 23, 2016, and Oct. 21, 2016, respectively.

As reported by the Troubled Company Reporter on April 28, 2016, the
focus of the Debtor's bankruptcy is on resolving two issues that
will impact the Debtor's reorganization.  The first is a resolution
of the Debtor's primary secured claim held by 74th Street Funding
Inc.  The Debtor's second issue is to resolve the litigation
pending against Mohammed M. Rahman, who commenced litigation
seeking to assert a constructive trust on the Debtor's Property and
a 50% ownership interest in the Debtor.  The Debtor submits that
resolving 74th Street's claim and resolving the Action are
sufficient obstacles that need to be resolved before the Debtor is
in a position to propose a confirmable plan of reorganization.  The
Debtor is working diligently to resolve both outstanding issues.
Once these issues are resolved, the Debtor will still need to
evaluate its business operations and then negotiate with its other
creditors and review all claims submitted by the bar date set by
the Debtor and approved by the Court on Jan. 7, 2016.

Rahmania Properties LLC, owns and operates a mixed-use property
located at 40-32/34/36 74th Street, Queens, New York.  Rahmania
Properties filed a Chapter 11 petition (Bankr. E.D.N.Y. Case No.
15-43971) on August 28, 2015, listing $6.8 million in assets and
$3.3 million in liabilities.  The petition was signed by Mohammed
A. Rahman, president.

Hon. Elizabeth S. Stong presides over the case.  The Debtor is
represented by Arnold Mitchell Greene, Esq., at Robinson Brog
Leinwand Greene Genovese & Gluck P.C.


RESOLUTE FOREST: S&P Revises Outlook to Neg. & Affirms 'BB-' CCR
----------------------------------------------------------------
S&P Global Ratings said it revised its outlook on Resolute Forest
Products Inc. to negative from stable and affirmed its 'BB-' long
term corporate credit rating on the company.

At the same time, S&P Global Ratings affirmed its 'BB-' issue-level
rating on the company's US$600 million senior unsecured notes.  The
'4' recovery rating (30%-50%; in the lower half of the range)
recovery in default on the debt is unchanged.

"The outlook revision reflects weaker-than-expected core credit
measures Resolute generated over the past year, and our expectation
that its leverage will remain high for the rating over the next 12
months," said S&P Global Ratings credit analyst Alessio Di
Francesco.

S&P also factors into its outlook revision the uncertainty related
to softwood lumber trade negotiations between Canada and the U.S.,
which could further pressure earnings and cash flow beyond S&P's
expectations.  S&P's base-case scenario assumes that a new trade
agreement will not be reached by the Oct. 12, 2016 deadline and
that the U.S. Department of Commerce will impose countervailing and
anti-dumping duties of about 20% on Resolute's lumber shipments to
the U.S. starting in second-quarter 2017.  S&P recognizes this
assumption is highly speculative at this time and the actual
outcome of these trade negotiations could have a positive or
negative impact on S&P's forecasted credit measures.

"We assess Resolute's business risk profile as weak, reflecting our
view of the company's large exposure to the declining North
American newsprint and commercial printing paper markets due to
electronic substitution (about 45% of 2015 EBITDA).  In our
opinion, Resolute also benefits from large scale when compared with
its peers due to its positions as the largest newsprint producer in
the world, accounting for about 10% of global capacity; the
third-largest market pulp producer in North America (behind Georgia
Pacific LLC and Weyerhaeuser Co. Ltd.); the largest volume producer
of wood products east of the Rockies; and the largest North
American producer of uncoated mechanical paper. We believe the
company also benefits from vertical integration of its pulp and
paper production, which contributes to a low cost profile when
compared with other newsprint and specialty paper producers.  We
also believe the company's expansion into tissue production
provides it with an opportunity to improve operating efficiency and
cash flow stability by further integrating its pulp production,"
S&P said.

The negative outlook on Resolute reflects S&P's view that adjusted
debt-to-EBITDA will be more than 5x in 2016, which it considers
high for the rating.  The outlook also reflects S&P's view of the
company's volatile credit measures and uncertain softwood lumber
trade negotiations between Canada and the U.S., the outcome of
which could contribute to credit measures that are weaker than S&P
expect.

S&P could downgrade the company within the next 12 months if it
expects Resolute to sustain adjusted debt-to-EBITDA above 5x beyond
2017.  This could occur from persistent weakness in realized prices
combined with tariffs on U.S. softwood lumber imports that lead to
earnings and cash flow below S&P's expectations.  S&P could also
downgrade the company if liquidity deteriorates to adequate.

S&P could revise the outlook to stable within the next 12 months if
it believes the prospects for Resolute to sustain adjusted
debt-to-EBITDA below 5x beyond 2017 improve while maintaining
strong liquidity.  This could occur if credit measures improve in
line with S&P's's expectations and we get more visibility on the
potential impact of softwood lumber trade negations between Canada
and the U.S.


REVLON CONSUMER: Moody's Lowers CFR to B1, Outlook Stable
---------------------------------------------------------
Moody's Investors Service, Inc. downgraded Revlon Consumer Products
Corporation's Corporate Family Rating to B1 from Ba3, Probability
of Default Rating (PDR) to B1-PD from Ba3-PD, senior secured credit
facility rating to Ba3 from Ba2 and senior unsecured debt
instrument rating to B3 from B2.  Moody's affirmed the company's
Speculative Grade Liquidity rating at SGL-1.  The rating outlook is
stable.

This rating action concludes the rating review for downgrade that
was initiated on June 17, 2016, following the company's
announcement that it had entered into an agreement to acquire
Elizabeth Arden ("Arden", Caa1) in a transaction valued at
approximately $870 million that would be financed primarily with
new debt.  The transaction is expected to close during the second
half of 2016, subject to customary regulatory and closing
conditions.

Moody's also assigned a Ba3 rating to Revlon's proposed
$1.8 billion seven-year senior secured term loan.  Proceeds from
the proposed term loan, and from a proposed $400 million five-year
asset-based revolving credit ("ABL") facility that will not be
rated by Moody's, will be used to partly fund the acquisition of
Arden, refinance existing Revlon debt and provide liquidity.  A
$400 million issuance of senior unsecured debt also is planned as
part of the transaction financing.

The downgrades primarily reflect the high financial leverage that
will result from Revlon's Arden acquisition, along with high
execution risks and anticipated earnings volatility related to the
company's aggressive plan to extract approximately $140 million of
cost synergies.  In recent years, Arden has experienced severe
erosion in earnings and cash flow due to competitive pressures,
inefficient distribution and a scaled-back innovation pipeline. The
company is in the midst of restructuring its operations to restore
growth and improve its operating performance.

"We believe that most of the planned cost synergies, which are
significantly weighted toward head-count reductions, are near-term
achievable," commented Moody's consumer products analyst, Brian
Weddington.  "However, given that Arden's operations have not fully
stabilized, we anticipate that Revlon will face challenges along
the way that could affect sales performance and raise the cost and
the time to implement some of the more complex cost synergies,"
added Weddington.

                         RATINGS RATIONALE

Revlon's B1 Corporate Family Rating primarily reflects the high
financial leverage that will result from the Arden acquisition,
along with high risks related to the integration of the still
challenged business and achieving aggressive cost savings.  The
rating is supported by Revlon's relatively stable operating
performance and its strong portfolio of global beauty brands.  In
addition, we expect that over time, the company's profile will
benefit from the addition of Arden, which will provide greater
scale, diversification into the fragrance segment, and access to
important international channels, especially in Asia/Pacific
regions.  The rating also reflects high exposure to acquisition
event risk related to the controlling stake held by the Ron
Perelman-owned investment firm MacAndrews and Forbes.

These ratings were downgraded:

Revlon Consumer Products Corporation:
  Corporate Family Rating to B1 from Ba3;
  Probability of Default Rating to B1-PD from Ba3-PD;
  Senior secured rating to Ba3 (LGD3) from Ba2 (LGD3);
  Senior unsecured rating to B3 (LGD5) from B2 (LGD5).

Rating affirmed:
  Speculative Grade Liquidity Rating at SGL-1.

Rating assigned:
  Proposed $1.8 billion senior secured term loan at Ba3 (LGD3).

The outlook is stable.

To fund the $870 million acquisition of Elizabeth Arden, Revlon is
entering into a proposed $2.2 billion credit agreement consisting
of a $1.8 billion senior secured term loan B and a $400 million ABL
facility.  Revlon also plans to issue $400 million of unsecured
debt as part of the acquisition financing.  The new debt proceeds
also will be used to refinance Revlon's existing credit facility,
which consists of a $175 million ABL expiring in 2018 and two
tranches of outstanding term loans totaling approximately $1.3
billion maturing in 2017 and 2019.

Closing leverage will be above 7.0 times debt/EBITDA, not including
approximately $140 million of cost savings that the company plans
to achieve over the next five years.  Moody's assumes that the
company will be able to achieve most of the cost savings within the
first 24 months, but incorporates in the rating considerable
execution risk to achieve the total amount of targeted savings.

The one-notch higher Ba3 senior secured debt rating than the B1
Corporate Family Rating assumes that all existing debt instruments
at Revlon will be retired at closing except for the 5.75% senior
unsecured notes due 2021 (B3).  The notching also assumes that the
company successfully issues $400 million of additional unsecured
debt to fund the deal, which Moody's expects would be assigned a B3
rating.  However, if the final capital structure is materially
different from Moody's expectation, the debt instrument ratings
could be affected.

The stable outlook reflects Moody's expectation that Revlon will
achieve at least half of the projected cost savings within the
first 24 months of closing and reduce debt/EBITDA below 6.0 times
by the end of fiscal 2017.

Revlon's ratings could be downgraded if the company's operating
performance deteriorates or integration challenges are likely to
cause debt to EBITDA to be sustained above 6.5 times.

An upgrade is not likely in the near term given the significant
challenges relating to the integration and stabilization of the
acquired Elizabeth Arden business that include, among other things,
realization of about $140 million in expected synergies. Over the
long-term, Revlon's ratings could be upgraded if debt/EBITDA is
reduced and sustained below 5.0 times, EBIT margin is sustained
above 10%, and the company maintains a strong liquidity profile.

The principal methodology used in these ratings was Global Packaged
Goods published in June 2013.

Revlon, headquartered in New York, NY, is a worldwide cosmetics,
hair color, hair care, men's grooming products, beauty tools,
fragrance, and personal care products company.  The company is a
wholly-owned subsidiary of publicly-traded Revlon, Inc., which is
majority-owned by MacAndrews & Forbes (M&F). M&F is wholly-owned by
Ronald O.  Revlon's pro forma net sales for the 12 months ended
March 2016 were approximately $2.9 billion.


REVLON INC: S&P Affirms 'B+' CCR, Off CreditWatch Negative
----------------------------------------------------------
S&P Global Ratings affirmed its 'B+' corporate credit rating on
U.S.-based Revlon Consumer Products Corp. (RCPC) and removed the
rating from CreditWatch negative where S&P placed it on June 17,
2016, following the company's announcement of its plans to acquire
Elizabeth Arden.  At the same time S&P assigned its 'B+' corporate
credit rating to Revlon Inc., the parent company of RCPC.  The
outlook is negative.

Concurrently, S&P assigned its 'B+' issue-level rating to the
company's proposed $1.8 billion term loan B maturing in 2023.  The
recovery rating is '3', indicating S&P's expectation for meaningful
recovery in the event of default at the higher end of the 50% to
70% range.  S&P do not rate the company's proposed
$400 million asset-based lending (ABL) revolving facility due 2021.
RCPC is the borrower under these debt instruments.

S&P raised its issue level rating on the company's existing
$500 million senior unsecured notes to 'B+' from 'B' and revised
the recovery on the notes to '4' from '5'.  The '4' recovery rating
indicates S&P's expectation for average recovery, at the lower end
of the 30% to 50% range.

The company plans to use proceeds from the term loan, along with
$100 million borrowings under its new $400 million revolver to fund
the acquisition of Elizabeth Arden, refinance its existing term
loans, and repay existing Elizabeth Arden debt.

"Our rating on Revlon reflects our belief that the acquisition of
Elizabeth Arden will add new product categories to its portfolio,
increase the number of channels it competes, as well as enhance its
scale and geographic footprint.  We base the negative outlook on
our expectation that Revlon's leverage pro forma for the
acquisition of Elizabeth Arden will increase to about 6x at end of
fiscal 2016," said credit analyst Mariola Borysiak.  "This is above
our previous expectation for debt leverage remaining below 5.5x.
The negative outlook also incorporates our view that leverage could
remain in the high 5.0x area if Revlon incurs difficulty
integrating Elizabeth Arden, which has had whose operating
performance has been weak since 2014."

S&P's negative rating outlook reflects the deterioration of credit
measures that will result from the proposed acquisition and the
risk that Revlon may not improve metrics to levels that support the
rating, which could occur if the anticipated growth and synergies
fail to materialize.  A lower rating could result if S&P expects
the company's debt to EBITDA ratio will remain elevated in the
high-5x area at the end of 2017.  

A positive rating action (revision of the outlook back to stable)
would be predicated on S&P's belief that the company successfully
integrates Elizabeth Arden and at least maintains recently
stabilized performance at this brand, while achieving modest growth
at Revlon.  Based on this scenario, S&P would expect the company to
reduce debt leverage toward 5x within a year from closing of the
acquisition.   S&P calculates that about 12% EBITDA improvement
from its projected pro forma levels at 2016 and modest debt
reduction would result in debt leverage decreasing below 5.5x at
the end of fiscal 2017.


RIVER NORTH 414: Hires Goldstein & McClintock as Counsel
--------------------------------------------------------
River North 414 LLC and its debtor-affiliates seek authorization
from the U.S. Bankruptcy Court for the Northern District of
Illinois to employ Goldstein & McClintock LLLP as counsel, nunc pro
tunc to May 24, 2016.

The Debtor requires Goldstein & McClintock to:

   (a) advise the Debtors with respect to their powers and duties
       as debtors in possession in the continued management and
       operation of their businesses;

   (b) attend meetings and negotiating with representatives of
       creditors and other parties in interest;

   (c) take all necessary action to protect and preserve the
       Debtors' estates, including prosecuting actions on the
       Debtors' behalf, defending any action commenced against the

       Debtors, and representing the Debtors' interests in
       negotiations concerning all litigation in which the Debtors

       are involved, including objections to claims filed against
       their estates;

   (d) prepare all motions, applications, answers, orders,
       reports, and papers necessary to the administration of the
       Debtors' estates and their Chapter 11 Cases;

   (e) take any necessary action on behalf of the Debtors to
       obtain approval of a disclosure statement and confirmation
       of the Debtors' plan of reorganization;

   (f) represent the Debtors in connection with obtaining the use
       of cash collateral and postpetition financing;

   (g) advise the Debtors in connection with any potential sale of

       assets;

   (h) appear before the Court, any appellate courts, and the U.S.
       Trustee and protecting the interests of the Debtors'
       estates before those courts and the United States Trustee;
       and

   (i) perform all other necessary legal services to the Debtors
       in connection with the Chapter 11 Cases, including, without

       limitation, (i) the analysis of the Debtors' leases and
       executory contracts and the assumption, rejection, or
       assignment thereof, (ii) the analysis of the validity of
       liens against the Debtors, and (iii) advice on corporate,
       litigation, and other matters.

Goldstein & McClintock will be paid at these hourly rates:

       Thomas R. Fawkes, partner          $425
       Brian J. Jackiw, partner           $325
       Sean P. Williams, associate        $285
       Senior Professionals               $725
       Associates                         $195
       Legal Assistants and
       Law Clerks                         $105-$225

Goldstein & McClintock will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Prior to the Petition Date, Goldstein & McClintock received an
advance payment retainer from Jesse Boyle (an individual who is an
insider, claimant, and owner of both Debtors, and who the Debtors
may have claims against) in the amount of $5,000. In addition,
Goldstein & McClintock received an advance payment retainer in the
amount of $40,000 from Premium Themes, Inc. prior to the Petition
Date. G&M has applied such retainers to its fees and expenses
accrued prior to the Petition Date.

Thomas R. Fawkes, partner of Goldstein & McClintock, 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.

Goldstein & McClintock can be reached at:

       Thomas R. Fawkes, Esq.
       GOLDSTEIN & MCCLINTOCK LLLP
       208 South LaSalle Street, Suite 1750
       Chicago, IL 60604
       Tel: (312) 337-7700
       Fax: (312) 216-0734
       E-mail: tomf@restructuringshop.com

                    About River North 414

River North 414 LLC and Premium Themes, Inc., based in Chicago,
Illinois., filed a Chapter 11 petition (Bankr. N.D Ill. Case Nos.
16-17324 and 16-17325) on May 24, 2016.  The Hon. Janet S. Baer
presides over the case.  Thomas R. Fawkes, Esq., at Goldstein &
McClintock, as bankruptcy counsel.

In its petition, the Debtors estimated $100,000 to $500,000 in
assets and $1 million to $10 million in liabilities.  The petitions
were signed by Jesse T. Boyle, authorized officer.


ROOSTER ENERGY: Enters Into Second Amendment & Waiver Agreement
---------------------------------------------------------------
Rooster Energy Ltd. (COQ) on July 18, 2016, disclosed that
effective June 30, 2016, it entered into a Second Amendment and
Waiver to the Amended and Restated Note Purchase Agreement (the
"Second Amendment") pursuant to which it issued senior secured
notes in the amount of US$60 million (the "Notes") due on June 25,
2018.

The Notes are secured by a first priority security interest, lien
and mortgage on all of the assets of the Company.  Pursuant to the
Second Amendment, the EBITDA and leverage ratio covenants of the
credit facility are waived for the fiscal quarter ending September
30, 2016, and the asset coverage ratio covenant is waived for the
fiscal quarter ending December 31, 2016.  The scheduled loan
amortization has been waived for the remainder of fiscal year 2016,
and replaced with a requirement for principal repayments summing to
no less than $7,532,000 for the six months ending December 31,
2016.  The Notes will continue to bear interest at a rate equal to
Libor + 11.5% per annum (minimum of 13.0%) with interest payments
due monthly; the Notes will also continue to bear additional
interest for the term of the term of the waiver period at the rate
of eight percent (8.0%) per annum that shall be payable in kind.
Lastly, the Company has agreed to enter into fixed price commodity
swap agreements covering 50% of its estimated proved developed
producing natural gas production for a 24 month period, thru August
2018.

The Company also disclosed that it has entered into a new
decommissioning contract in the Gulf of Mexico.  Total revenues
under the "lump sum" contract will be approximately $22 million
when the work is completed.  The work is scheduled to commence in
August, 2016.

Robert P. Murphy, Chief Executive Officer, commented, "the Second
Amendment demonstrates our lenders' confidence in the Company's
ability to implement its unique strategy during this low commodity
price environment.  This new contract reflects the demand for
creative business solutions for decommissioning oil and gas fields
and will provide a beneficial source of revenue in 2016.
Additionally, the Company continues to evaluate new business
opportunities from both the production and decommissioning arenas
during this unique, but challenging, time in our industry."

If the Company is unable to restructure the financial and
performance covenants of the credit facility or extend the term of
the waiver on or before the end of the fiscal quarter ending
December 31, 2016, then the Company may be in default of one or
more of the covenants and in that event the holders of the Notes
may exercise their remedies against the Company.  No assurances can
be given that the Company will be able to reach agreement with the
holders of the Notes on the consequences of any possible default at
that time and in that event the Company may not be able to continue
as a going concern.

                    About Rooster Energy Ltd.

Rooster Energy Ltd. -- http://www.roosterenergyltd.com/-- is a
Houston, Texas, based vertically integrated oil and gas exploration
production company combined with a well service
intervention/plugging and abandonment subsidiary focused in the
shallow waters of the U.S. Gulf of Mexico.  Its primary oil and gas
assets consist of producing oil and gas wells located on US federal
and state oil and gas leases and service company assets consisting
of rigless well plugging and abandonment/intervention units.


ROWAN COS: S&P Lowers CCR to 'BB', Outlook Negative
---------------------------------------------------
S&P Global Ratings lowered its corporate credit rating on Rowan
Cos. Inc. to 'BB' from 'BBB-'.  The outlook is negative.

At the same time, S&P lowered its issue-level rating on the
company's senior unsecured debt to 'BB' from 'BBB-'.  S&P has
assigned a '4' recovery to this debt, reflecting its expectation of
meaningful (30% to 50%, lower half of the range) recovery to
creditors in the event of a payment default.

"The downgrade reflects our revised forecast that Rowan's leverage
will exceed our expectations for a 'BBB-' rating in 2017 and 2018,"
said S&P Global Ratings credit analyst Carin Dehne-Kiley.

Although the company has taken steps to respond to the market
downturn, such as reducing operating costs, reducing capital
spending, entering into "blend and extend" agreements for some of
its contracted rigs, and buying back debt at a slight discount, S&P
believes demand for offshore contract drilling services will remain
depressed until at least 2018 and that the market is oversupplied
with rigs.  Therefore, S&P has reduced its dayrate and utilization
assumptions for Rowan's fleet of 27 high-specification and premium
jack-ups and four ultra-deepwater drillships in 2017 and 2018,
resulting in funds from operations (FFO) to debt falling below our
previous downgrade trigger of 20%.  S&P believes demand for
offshore contract drilling services will eventually recover, due to
the importance of offshore production to integrated and national
oil companies.

The negative rating outlook on Rowan reflects S&P's expectation
that the company's credit measures could fall and remain below
levels S&P views as appropriate for the rating, due to challenging
industry conditions.  S&P projects that FFO/debt will be close to
20% in 2016, dropping to below 12% next year as utilization and
dayrates decline.

S&P would consider a downgrade if the company's FFO/debt remained
below 12% without a clear path to improvement.  This would most
likely occur if the company were unable to re-contract its jack-ups
in 2018.

S&P could revise the outlook to stable if it expected FFO/debt to
remain above 12% for a sustained period, which would most likely
occur in conjunction with an offshore drilling recovery.


SANJECK LLP: Case Summary & 2 Unsecured Creditors
-------------------------------------------------
Debtor: Sanjeck LLP
        2601 Gus Thomasson Road, Suite 100
        Mesquite, TX 75150

Case No.: 16-32818

Chapter 11 Petition Date: July 15, 2016

Court: United States Bankruptcy Court
       Northern District of Texas (Dallas)

Judge: Hon. Stacey G. Jernigan

Debtor's Counsel: Joyce W. Lindauer, Esq.
                  JOYCE W. LINDAUER ATTORNEY, PLLC
                  12720 Hillcrest Road, Suite 625
                  Dallas, TX 75230
                  Tel: (972) 503-4033
                  Fax: (972) 503-4034
                  E-mail: joyce@joycelindauer.com

Total Assets: $1.66 million

Total Liabilities: $1.29 million

The petition was signed by Joel Nwoke, limited partner.

A copy of the Debtor's list of two unsecured creditors is available
for free at http://bankrupt.com/misc/txnb16-32818.pdf


SFX ENTERTAINMENT: Wants to Raise KERP Cap to $610K
---------------------------------------------------
BankruptcyData.com reported that SFX Entertainment filed with the
U.S. Bankruptcy Court a motion to supplement its key employee
retention plan (KERP).  The motion explains, "The Court previously
approved the RemainCo KEIP/KERP Motion, the KERP portion of which
contained a $450,000 total cap on payments to KERP Participants.
Since that time, certain participants in the KERP have departed,
the Debtors have identified certain additional employees whom the
Debtors wish to retain (in light of, inter alia, additional duties
undertaken by such employees as a result of the aforementioned
attrition), and the Debtors' Beatport business unit that was held
for sale is now anticipated to remain as a part of the Debtors'
ongoing businesses.  The Debtors therefore seek to increase the
Approved KERP Cap by $159,753 to $609,753 and add twenty-three (23)
new RemainCo KERP Participants." The Debtors also filed a separate
motion to file under seal portions of its motion to supplement the
Company's KERP.  The Debtors explain, "The public disclosure of
these portions of the Revised RemainCo KERP could have a
detrimental impact on employee morale and create unnecessary
distractions among the employees of the Debtors' businesses, as
they would be privy to salary information and projected bonuses,
resulting in potential infighting, de-motivation, or attempts to
further negotiate additional payments from the Debtors."

The Court scheduled an Aug. 4, 2016 hearing to consider both
motions, according to the report.

                  About SFX Entertainment

SFX Entertainment, Inc., and 43 of its affiliates, a global
producer of live events and digital entertainment content focused
exclusively on the electronic music culture and other world-class
festivals, filed Chapter 11 bankruptcy petitions (Bankr. D. Del.
Case Nos. 16-10238 to 16-10281) on Feb. 1, 2016. The petitions
were signed by Michael Katzenstein as chief restructuring officer.

The Debtors disclosed total assets of $662 million and total debt
of $490 million.

Judge Mary F. Walrath is assigned to the case.

Greenberg Traurig, LLP serves as the Debtors' counsel.  Kurtzman
Carson Consultants LLC acts as the Debtors' claims and noticing
agent.  The Debtor hired FTI Consulting Inc. to provide crisis and
turnaround management services.

An Official Committee of Unsecured Creditors has retained
Pachulski Stang Ziehl & Jones LLP as counsel, and Conway Mackenzie,
Inc., as financial advisor.


SOFINTEK INC: U.S. Trustee Appoints 3-Member Committee
------------------------------------------------------
The Office of the U.S. Trustee on July 15 appointed three creditors
of Sofintek Inc. to serve on the official committee of unsecured
creditors.

The committee members are:

     (1) Reaction Co.
         Randy G. Sager
         E-mail: rgsager@ite.net

     (2) Daniel J. Berman
         Daniel J. Berman
         E-mail: djberman@pacific-lawyers.com

     (3) Michael K. Stephenson
         Michael K. Stephenson
         E-mail: mikestephenson@q.com

Sofintek Inc., d.b.a. Skydrenaline Zone, filed a Chapter 11
bankruptcy petition (Bankr. D. Guam Case No. 1:16-bk-00072) on June
24, 2016.  Mark Williams, Esq., at The Law Office of Mark. E.
Williams, P.C., serves as the Debtor's bankruptcy counsel.


ST. JAMES NURSING: Time to Amend Disclosure Statement Extended
--------------------------------------------------------------
Judge Thomas J. Tucker of the United States Bankruptcy Court for
the Eastern District of Michigan, Southern Division, required the
debtors to amend the disclosure statement in the case captioned In
re: ST. JAMES NURSING AND PHYSICAL REHABILITATION CENTER, INC., et
al., Chapter 11 Debtors, Case No. 16-42333 (Bankr. E.D. Mich.).

The debtors were ordered to file an amended combined plan and
disclosure statement no later than July 8, 2016.

A full-text copy of Judge Tucker's July 6, 2016 order is available
at https://is.gd/L4Cfuq from Leagle.com.

                    About St. James Nursing

St. James Nursing & Physical Rehabilitation Center Inc. sought
protection under Chapter 11 of the Bankruptcy Code in the Eastern
District of Michigan (Detroit) (Case No. 16-42333) on February 22,
2016.  The petition was signed by Bradley Mali, president.

The Debtor is represented by Michael E. Baum, Esq., at Schafer and
Weiner, PLLC. The case is assigned to Judge Phillip J. Shefferly.

The Debtor estimated assets of $0 to $50,000 and debts of $1
million to $10 million.


STEPHCHRIS OF MISSOURI: Case Summary & 17 Top Unsecured Creditors
-----------------------------------------------------------------
Debtor: StephChris of Missouri, LLC
        14 Park Place
        Swansea, IL 62226

Case No.: 16-45026

Chapter 11 Petition Date: July 15, 2016

Court: United States Bankruptcy Court
       Eastern District of Missouri (St. Louis)

Judge: Hon. Kathy A. Surratt-States

Debtor's Counsel: Thomas A. DeWoskin, Esq.
                  DANNA MCKITRICK, PC
                  7701 Forsyth, Suite 800
                  St. Louis, MO 63105
                  Tel: (314) 726-1000
                  E-mail: edmoecf@dmfirm.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Brian D. Brown, managing member.

A copy of the Debtor's list of 17 unsecured creditors is available
for free at http://bankrupt.com/misc/moeb16-45026.pdf


STIFEL FINANCIAL: Fitch Affirms B+ Preferred Stock Rating
---------------------------------------------------------
Fitch Ratings has affirmed Stifel Financial Corporation's Viability
Rating (VR) of 'bbb', its Long- and Short-Term Issuer Default
Ratings (IDRs) of 'BBB/F2' and its senior unsecured debt rating of
'BBB'.  The Rating Outlook has been maintained at Stable.

KEY RATING DRIVERS

VR and IDRS

The affirmation of Stifel's ratings reflects the firm's
conservative business profile, well-established franchise with
diverse revenue sources, significant deposit funding and solid
capital levels.  Rating constraints include the sensitivity of the
business model to overall market conditions, potential integration
issues given the firm's acquisitive growth strategy and a loan
portfolio that has grown rapidly and has yet to fully season.  Key
man risk, particularly as it relates to strategic decision making
for the firm, and high compensation ratios are also rating
constraints.

In Fitch's view, Stifel's wealth management business has
demonstrated fairly stable revenues and margins, helping to offset
potential earnings volatility in the company's institutional
segment.  Wealth management, which represents over half of the
firm's net revenues, has exhibited steady growth over several
cycles.  The business has grown both organically and through
numerous acquisitions, including the firm's 2015 acquisition of
Barclays' Wealth and Investment Management, Americas which added
approximately $20 billion in client assets and $2 billion in assets
to Stifel's balance sheet.

While the firm has continued its acquisitive growth strategy, it
has a demonstrated track record of successfully integrating its
acquisitions profitably without operational issues.  The recent
Barclays acquisition brought Stifel's total assets to greater than
$10 billion, which is a threshold for increased regulatory
requirements.  That said, Fitch believes that Stifel has built a
robust infrastructure along with enterprise risk management
capabilities that should support these additional risk management
and stress testing requirements.

Nevertheless, Fitch believes the firm remains potentially
vulnerable to integration, retention and execution risks related to
recent and future material acquisitions.  Additionally, Fitch also
believes the firm's CEO presents key-man risk, though this is
somewhat mitigated by the firm's ability to retain key management
personnel from prior acquisitions.

Wealth management revenues could be negatively impacted by new
Department of Labor rules which are expected to impose fiduciary
standards on a host of wealth management products including
brokerage IRAs.  A shift in the compensation framework to a
fee-based model (from commission-based) could cause wealth managers
to lose certain smaller accounts under which the fee-based model is
prohibitively expensive.  However, in Stifel's case, the potential
negative impact on the firm's overall performance is expected to be
manageable, as brokerage IRA accounts represented only 15% of
Stifel's client assets as of March 31, 2016, and higher fees on
retained accounts could mitigate lost revenue from client asset
outflows.  Further clarity on the impact to the industry is
expected over the coming months as market participants continue to
evaluate to the rule and adjust their business practices
accordingly.

Despite increased costs related to regulatory compliance and
acquisitions, profitability remains good.  Similar to peers,
Stifel's earnings are subject to some variability given its
sensitivity to market conditions, particularly domestic equity and
fixed income markets.  Despite this sensitivity, the business has
been consistently profitable over several cycles while many larger
peers experienced significant losses in the aftermath of the credit
crisis.  Stifel's compensation ratio tends to average in the
mid-60% range, which is consistent with mid-tier securities firms,
though higher than bulge-bracket firms.  Stifel continues to incur
frequent one-time non-GAAP expenses in reported earnings due to its
acquisitions.  As a result, Fitch views some of these
'non-recurring' charges as more ongoing in nature given the firm's
acquisitive strategy.  To the extent that the firm's acquisition
activity slows, Fitch expects that returns could improve as a
result of lower costs and increased accretive benefits related to
acquisitions.

Stifel Bank, which operates under the global wealth management
segment, continued its rapid growth, with total assets increasing
to $8.3 billion as of March 31, 2016, up 57% from $5.3 billion the
year prior.  Stifel Bank grew both its investment portfolio and
loan portfolio, retaining an approximately 50/50 mix between loans
and securities.  This mix, as well as the large proportion of
securities-based lending, at approximately one-third of loans, help
to offset the bank's rapid loan growth.

The ratings also consider the firm's current and expected
capitalization levels.  Fitch views Stifel's current capitalization
as robust and believes there is some room for modestly higher
leverage at the current rating level.  However, Fitch would expect
Stifel's long-term capitalization to remain more conservative than
peers because of its growth-oriented acquisition strategy.  As of
March 31, 2016, Stifel reported a tier one common capital ratio of
21.3%, down from 28.3% the year prior, but still higher than peers.
Leverage at the broker-dealer subsidiaries is also conservative.

                       SENIOR UNSECURED DEBT

The senior unsecured debt rating is equalized with Stifel's
Long-Term IDR reflecting that existing notes are senior unsecured
obligations of the company that rank equally in payment priority
with all existing and future unsubordinated unsecured indebtedness
of Stifel.

          SUBORDINATED DEBT AND OTHER HYBRID SECURITIES

Stifel's preferred stock issuance is expected to be rated five
notches lower than Stifel's Viability Rating (VR) of 'bbb', in
accordance with Fitch's 'Global Bank Rating Criteria' dated
March 20, 2015.  The preferred stock rating includes two notches
for loss severity given these securities' deep subordination in the
capital structure, and three notches for non-performance given that
the coupon of the securities is non-cumulative and fully
discretionary.

               SUPPORT RATING AND SUPPORT RATING FLOOR

The Support Rating (SR) of '5' reflects Fitch's view that external
support cannot be relied upon.  The Support Rating Floor (SRF) of
'No Floor' reflects Fitch's view that there is no reasonable
assumption that sovereign support will be forthcoming to Stifel.

RATING SENSITIVITIES

VR, IDR AND SENIOR UNSECURED DEBT

The Stable Outlook reflects Fitch's view of limited rating momentum
over the Outlook horizon, particularly given an expectation for
future declines in capitalization levels and the potential for some
normalization in asset quality.  These challenges are expected to
be counterbalanced by Stifel's growing business and earnings
diversity and Fitch's view of the company's moderate risk
appetite.

Longer-term, upward rating momentum could be influenced by
moderated growth and/or acquisitions, acquisitions that are limited
in their balance sheet intensity, continued profitability with
successful integration of current and future acquisitions, and loan
performance that is superior or at least consistent with peers
through the cycle.  Reduced key-man risk associated with Stifel's
CEO would also be viewed positively.  Per Fitch's Global Non-Bank
Financial Institution Rating Criteria dated April 28, 2015,
securities firms are typically not rated higher than 'BBB+' absent
globally dominant franchises with significant business diversity.

Stifel's ratings could be downgraded if the firm shows an increased
appetite for more balance sheet-intensive acquisitions, either in
terms of risker acquisition targets or more aggressive funding
(i.e. issuance of new debt).  Additional ratings pressure could
result from material, rapid deterioration in capitalization, either
for the overall firm or at the subsidiary level, particularly if
such reduction is not accompanied by a commensurate reduction in
Stifel's growth profile.  Finally, to the extent that Stifel's
acquisitions result in significant integration issues with any
recent or future acquisitions, or result in any large-scale
management departures, this could lead to a negative ratings
action.

             SUBORDINATED DEBT AND OTHER HYBRID SECURITIES

Stifel's preferred stock rating is sensitive to changes in Stifel's
VR or change to Fitch's notching of preferred stock instruments.

             SUPPORT RATING AND SUPPORT RATING FLOOR

The SR and SRF are sensitive to changes in Fitch's assumptions as
to the propensity or ability of the U.S. government to extend
extraordinary support in the case of need.

Fitch has affirmed these ratings:

Stifel Financial Corporation

   -- Long-term IDR at 'BBB';
   -- Short-term IDR at 'F2';
   -- Senior unsecured debt at 'BBB';
   -- Preferred stock at 'B+(EXP)';
   -- Viability Rating at 'bbb';
   -- Support at '5';
   -- Support Floor at 'NF'.

The Rating Outlook has been maintained at Stable.


SUNEDISON INC: Adviser Says Assets Now Worth Up to $1.5-Bil.
------------------------------------------------------------
Tiffany Kary and Brian Eckhouse, writing for Bloomberg Brief,
reported that SunEdison Inc.'s assets in bankruptcy are now worth
$1 billion to $1.5 billion, based in part on recent offers to buy
some of its solar and wind farms, a company financial adviser
testified.

According to the report, Homer Parkhill of Rothschild Inc., which
is counseling the renewable-energy giant on the sale process
following its April Chapter 11 filing, offered the new valuation in
Manhattan federal court.  The estimate replaces a figure of $850
million that Parkhill put forward in June, the report said.

The latest price tag also factors in recent rises in the shares of
SunEdison's two yieldcos, Parkhill said, the report related.  The
company holds controlling stakes in both yieldcos, which were set
up to buy energy projects that SunEdison develops, the report
added.

"There have been over 100 indications of interest across the
portfolio of projects and platforms" that are up for sale, Parkhill
said, the report further related.  Bids aren't yet binding.

U.S. Bankruptcy Judge Stuart Bernstein is being asked to consider
whether enough money would be left to repay shareholders after the
company deals with an estimated $4 billion to $5 billion in debt,
the report said.

                    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.


SYNCARDIA SYSTEMS: U.S. Trustee Forms 3-Member Committee
--------------------------------------------------------
The Office of the U.S. Trustee on July 14 appointed three creditors
of SynCardia Systems, Inc., to serve on the official committee of
unsecured creditors.

The committee members are:

     (1) RR Donnelley & Sons
         Attn: Dan Pevonka
         4101 Winfield RD
         Warrenville, IL 60555
         Tel: (630) 322-6931
         Fax: (630) 322-6034

     (2) Roth Capital Partners LLC
         Attn: Richard Platt, Esq.
         888 San Clemente Drive
         Newport Beach, CA 92660
         Tel: (949) 720-5725
         Fax: (949( 720-7247

     (3) Air Squared MFG, Inc.
         Attn: Gary Mansdorfer
         510 Burbank Street
         Broomfield, CO 80020
         Tel: (303) 466-2669
         Fax: (303) 466-4425

                        About SynCardia Systems

SynCardia Systems, Inc., a medical technology company, sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Del.
Case No. 16-11599) on July 1, 2016.  The petition was signed by
Stephen Marotta, chief restructuring officer.
  
At the time of the filing, the Debtor estimated its assets and
liabilities at $10 million to $50 million.

The Debtor filed for bankruptcy protection months after a failed
launch of an initial public offering of its common stock which
resulted in a liquidity shortfall.

SynCardia, a privately-held company with global headquarters and
manufacturing in Tucson, Arizona, is focused on developing,
manufacturing and commercializing the SynCardia temporary Total
Artificial Heart, or TAH-t, an implantable system designed to
assume the full function of a failed human heart in patients
suffering from advanced heart failure.


TAVERNA OUZO: Wants Plan Filing Deadline Moved to Nov. 14
---------------------------------------------------------
Taverna Ouzo Group, Inc., asks the U.S. Bankruptcy Court for the
District of New Jersey to extend the period for the Debtor to file
a disclosure statement and plan of reorganization, and solicit
acceptances of the Plan, through and including Nov. 14, 2016.

A hearing on the Debtor's request is set for Aug. 8, 2016.
Objections must be filed by Aug. 1, 2016.

By court order, dated April 15, 2016, the time within which the
Debtor had to file a Plan or Reorganization was extended to Aug.
14, 2016.  The Debtor seeks an additional extension within which to
file a disclosure statement, plan of reorganization and solicit
acceptances thereto, beyond the time frame established in 11 U.S.C.
Section 1121 (e), through and including Nov. 14, 2016.

Since the Filing Date, the Debtor has primarily focused on
stabilizing its business operations, reducing overhead, reviewing
and evaluating its executory contracts and unexpired leases, and
examining the various options for a plan of reorganization to
ensure that maximizing value for the benefit of creditors are
pursued.

Anastasios Stefanopoulos, President of the Debtor, believes that
the Debtor has made significant operating changes that have allowed
it, and will allow it in the future, to operate on a balanced
budget, and believes that it can submit a Plan that is feasible and
in the best interest of the Debtor's creditors and that the Debtor
can successfully operate as a reorganized entity going forward.

Since the filing of the petition, progress has been made by the
Debtor in moving forward with its organizational efforts.  The
Debtor has reduced unnecessary costs and overhead and has rejected
certain leases which were no longer needed by the Debtor, thereby
further reducing its overhead.

The Debtor remains current in its post-petition obligations, and
all monthly reports and payments to the Office of the U.S. Trustee
are current.  Presently, the Debtor is in the process of securing
post-petition financing, which will allow the Debtor to purchase
the leasehold building the restaurant operates from and the to fund
a plan of reorganization.

The Debtor's counsel can be reached at:

     LAW FIRM OF BRIAN W. HOFMEISTER, LLC
     691 State Highway 33
     Trenton, New Jersey 08619
     Tel: (609) 890-1500
     Fax: (609) 890-6961
     E-mail: bwh@hofmeisterfirm.com

Taverna Ouzo Group, Inc., is a restaurant located at 146 Applegarth
Road, Monroe Township, New Jersey 08831.  It filed a Chapter 11
petition (Bankr. D.N.J. Case No. 15-21509) on June 19, 2015, and is
represented by Brian W. Hofmeister, Esq. -- bwh@hofmeisterfirm.com
-- at the Law Firm of Brian W. Hofmeister, LLC.


TLB CONTRACTING: US Trustee Unable to Appoint Creditors' Panel
--------------------------------------------------------------
The U.S. Trustee for the Northern District of New York is unable to
appoint a committee of unsecured creditors in the Chapter 11
bankruptcy case of TLB Contracting LLC.
          
                      About TLB Contracting

TLB Contracting LLC, LLC, filed a Chapter 11 bankruptcy petition
(Bankr. N.D.N.Y. Case No. 16-60895) on June 24, 2016.  The Hon.
Diane Davis presides over the case.  Nolan & Heller, LLP, serves as
counsel to the Debtor.  The Debtor estimated $1.29 million in
assets and $2.07 million in liabilities. The petition was signed by
Corey Boshart, managing member.


TODD VOLKER: Settles With HHA, Selling 22% HHA Stake for $1.4M
--------------------------------------------------------------
Todd A. and Kimberly J. Volker ask the U.S. Bankruptcy Court for
the District of Kansas, Kansas City Division, to authorize the
compromise, integrated sale of their 22 percent stake in HHA
Holding Company ("HHA") to HHA for $1,400,000, as part of a global
settlement with HHA.

At the current time, several ongoing issues exist:

     a. Disposition of one of Debtor's primary assets – the HHA
Stock;

     b. Adjudication of HHA's proof of claim related to its damages
from the rejection of the Buy-Sell Agreement and the pending
summary judgment motion related to same;

     c. Payment of the IRS Secured Tax Claim; and

     d. Payment of the other allowed claims ("Case Issues").

The Debtors have reached certain agreements that will resolve all
of the Case Issues.  As a part of the compromise of various
disputes between the Debtors and the HHA Parties, the Debtors have
specifically agreed to sell the HHA Stock to the HHA ("HHA Stock
Sale").  The main terms of the HHA Stock Sale are as follows:

     a. Transferred Assets: In exchange for a cash payment of
$1,400,000, Debtors will transfer, free and clear of all liens,
claims and encumbrances, all of Debtor Todd Volker's right, title,
and interest in or to stock (and any other ownership interests in)
HHA or its affiliates ("HHA Stock") to HHA.

     b. Cash Proceeds and Liens: The HHA Stock Sale will be free
and clear of all liens, claims, and encumbrances, including,
without limitation, the tax lien related to the IRS Secured Tax
Claim currently attached to the HHA Stock ("IRS Tax Lien").  The
IRS Tax Lien will attach to the proceeds of the HHA Stock Sale.

     c. Closing: Closing will occur within three business days of
the entry of Sale and Global Resolution Order approving the Global
Resolution Motion.  For closing, HHA will remit $1,400,000 to the
trust account of counsel for the Debtors, Lentz Clark Deines PA
("LCD").  The date on which the Cash Payment is transmitted to LCD
shall be the "Effective Date" of the HHA Stock Sale and Agreement.
After the closing of the HHA Stock Sale, LCD will be authorized and
directed to immediately make the disbursements contemplated herein,
and after said disbursements have been made LCD will submit an
order for case dismissal.

     d. Integration with Settlement and Compromise: the HHA Stock
Sale is integrated with the settlement and Compromise.

Debtors have also reached a settlement and compromise with the HHA
Parties.  The main terms of the settlement and compromise
("Compromise") are as follows:

     a. HHA's Claims: HHA holds two claims in the Debtors'
bankruptcy case: Claim Number 3 and Claim Number 5.  Claim Number 3
is liquidated.  Claim Number 5 is unliquidated and is the subject
of a pending summary judgment motion.  On the Effective Date of the
Agreement, Claims Number 3 and 5 will be deemed fully satisfied,
paid, fully resolved and shall not receive any payment or
distribution.

     b. Malicious Prosecution Suit: Debtor Todd Volker is the
plaintiff in a malicious prosecution suit against, inter alia,
Michael R. Morgan, Deborah M. Hamilton as personal representative
of the estate of Carl Jungers, Sr., Carl Jungers, Jr., and
Bore-Flex Industries, Inc., pending in the United States District
Court for the Western District of Missouri, Case No. 6:15-cv-03420
("MP Suit").  The MP Suit against only defendants Michael R.
Morgan, Deborah M. Hamilton as personal representative of the
estate of Carl Jungers, Sr., Carl Jungers, Jr., and Bore-Flex
Industries, Inc., ("Released Defendants") is satisfied, resolved,
settled, fully discharged and shall be dismissed with prejudice as
to Released Defendants no later than three business days after the
Effective Date.

     c. Board of Directors Position: To the extent debtor Todd
Volker currently holds or maintains rights related to a seat or
seats on the Board of Directors of HHA, Todd Volker will resign
such position(s) and relinquish any related rights effective as of
the Effective Date.

     d. Mutual Releases: On the Effective Date, except for (i)
claims, rights, and interests Debtor Todd Volker has in connection
with litigation captioned, "Bert Bridges, et al. v. Bore-Flex
Industries, Inc., et al.," ending in the Circuit Court of Greene
County Missouri, Case No. 1531-CC00042, and currently on appeal in
the Missouri Court of Appeals, Southern District, Appeal No.
SD34444 ("Bore-Flex Suit") and (ii) the obligations set forth in
the Agreement, Debtors Todd and Kim Volker and each of their
predecessors, successors, employees, attorneys, insurers, agents,
representatives and assigns, past, present, or future ("Volker
Releasees"), release and forever discharge the HHA Parties,
Bore-Flex, and each of their respective predecessors, successors,
parents, subsidiaries, affiliates, officers, directors, employees,
attorneys (but not Bore-Flex's attorneys with respect to the MP
Suit), insurers, agents, representatives and assigns, past, present
or future ("HHA Releasees"), from any and all claims, losses,
liabilities, obligations, suits, debts, liens, contracts,
agreements, promises, demands and damages, of any nature
whatsoever, known or unknown, suspected or unsuspected, fixed or
contingent, that any of the Volker Releasees ever had, now has, or
hereafter may have against the HHA Releasees, including, without
limitation, those arising out of or related to the MP Suit.

     e. Withdrawal of Prior Sale Motion and Exclusivity.  The
Debtors will withdraw their previously filed Motion for Approval of
Sale, Auction and Bid Procedures, and the Debtors will deal with
the Purchaser on an exclusive basis and shall not engage in any
further efforts to sell the HHA Stock to any other party.

From the Cash Proceeds, the Debtors propose to make the following
distributions to allowed creditors from the trust account of Lentz
Clark Deines PA:

     a. Proof of Claim #1 - Internal Revenue Service ("IRS")
secured claim: $551,525.34 (or such other amount as reconciled with
the IRS to adjust to current amount due on the Effective Date)
("IRS Secured Tax Claim").

     b. Proof of Claim #2 - Bank of America claim: $0 (claim and
mortgage were voluntary released by Bank of America as part of
national settlement with governmental agencies of mortgage
practices).

     c. Proof of Claim #3 - HHA: $0 (claim satisfied by
settlement)

     d. Proof of Claim #4 - Bore-Flex: $0 (claim previously
withdrawn)

     e. Proof of Claim #5 - HHA: $0 (claim satisfied by
settlement)

     f. Proof of Claim #6 - KDOR: $0 (claim amended on 7/5/16 to
reflect $0 balance)

     g. Proof of Claim #7 - Wells Fargo: $0 (long term mortgage
debt; Debtors will refinance after bankruptcy case dismissed)

     h. Proof of Claim #8: $0 (claim previously withdrawn)

     i. Proof of Claim #9 - IRS estate estimated claim: $0
(bankruptcy estate tax returns for 2013 and 2014 will be filed and
show $0 tax due; 2015 return is on extension, so estate tax return
will not be done until underlying return is completed).

     j. Proof of Claim #10 - Synchrony Bank: $98.96

     k. Schedule F claim – MDOR: $4,283.96

     l. Schedule F claim – CapOne: $9,725.39

     m. Schedule F claim – CapOne: $780.00

     n. Schedule F claim – CECRB/JCP: $18.00

     o. Schedule F claim – KS Counselors: $3,800

     p. Schedule F claim – Mcydsnb: $218.00

     q. Administrative claim: Robert Bjerg: $37,500

     r. Administrative claims: Lentz Clark Deines PA and other
admin claims: est. $150,000 (Debtor proposes to make payments
directly without the requirement of formal fee applications)

     s. United States Trustee Quarterly Fees: est. $650

The Debtors believe that the proposed compromises and sale will
produce a value that is fair and reasonable for the bankruptcy
estates.  The Debtors further request for the dismissal of the
Debtors' bankruptcy case.

Todd A. Volker and Kimberly J Volker filed a voluntary petition for
relief under Chapter 11 of the United States Bankruptcy Code
(Bankr. D. Kan. Case No. 13-20370) on Feb. 22, 2013.

Counsel for the Debtors:

          Jeffrey A. Deines
          LENTZ CLARK DEINES PA
          9260 Glenwood
          Overland Park, KS 66212
          Telephone: (913) 648-0600
          Facsimile: (913) 648-0664
          E-mail: jdeines@lcdlaw.com



TOTAL HOCKEY: U.S. Trustee Forms 7-Member Committee
---------------------------------------------------
The Office of the U.S. Trustee on July 15 appointed seven creditors
of Total Hockey, Inc., to serve on the official committee of
unsecured creditors.

The committee members are:

     (1) Reebok-CCM Hockey U.S., Inc.
         Attn: Tony Palmieri – Credit
         3400 Raymond-Lasnier
         Montreal, Quebec H4R 3L3
         514-461-8192 Phone
         514-461-8021 Fax

     (2) Warrior Sports, Inc.
         Attn: Amy Cerulli
         32125 Hollingsworth Ave.
         Warren, MI 48092
         617-746-2285 Phone
         617-746-6285 Fax

     (3) John R. Boh
         9407 Dolton Way
         Highlands Ranch, CO 80126
         303-725-1596 Phone

     (4) Mike Vaughn Custom Sports, Inc.
         Attn: Michael Vaughn
         550 S. Glaspie
         Oxford, MI 48371
         248-969-8956 Phone
         248-969-8990 Fax

     (5) True Temper Sports, Inc.
         Attn: Sherry McClure, Credit Mgr.
         8275 Tournament Dr.
         Memphis, TN 38125
         901-746-2029 Phone
         901-746-2161 Fax

     (6) Cardinal Transportation Solutions
         Attn: Rick Clarkston
         6209 Mid Rivers Mall Dr., Ste. 210
         St. Charles, MO 63304
         636-447-4099 Phone
         636-447-5890 Fax

     (7) Cratex Container Corporation
         Attn: Michael Reynoso
         4224 Rider Trail North
         Earth City, MO 63045
         314-291-7777 Phone
         314-291-0045 Fax

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 Total Hockey

Headquartered in Maryland Heights, Missouri, Total Hockey, Inc.,
Player's Bench Corporation and Hipcheck, LLC sell lacrosse and
hockey equipment in 32 retail store locations and three
distribution centers in 12 states including Chicago, Minneapolis,
Detroit, and Philadelphia.  The Debtors were formed in in 1999 as a
spin off from a local general sporting goods company.  The Debtors
operate e-commerce sites at http://www.totalhockey.com/,
http://www.goalie.totalhockey.com/,and  
http://www.lacrosse.totalhockey.com/ In 2015, the Debtors  
generated 27% of their total sales, or approximately $17 million,
through e-commerce.

Each of the Debtors filed a voluntary petition under Chapter 11 of
the Bankruptcy Code (Bankr. E.D. Mo. Lead Case No. 16-44815) on
July 6, 2016, estimating assets in the range of $10 million to $50
million and liabilities of up to $100 million.  The petition was
signed by Lee A. Diercks as chief restructuring officer.

The Debtors have hired Polsinelli PC as bankruptcy counsel, Spencer
Fane LLP as conflicts counsel, Clear Thinking Group LLC as
investment banker and Rust Consulting/Omni Bankruptcy as claims and
noticing agent.


TOWER PARK PROPERTIES: Court Junks FTIC's Appeal
------------------------------------------------
In the case captioned In re: Tower Park Properties, Case No. CV
13-1518-GHK (C.D. Cal.), Judge George H. King of the United States
District Court for the Central District of California dismissed
Fiduciary Trust International of California's appeal for lack of
appellate standing.

FTIC appealed the bankruptcy court's order approving a settlement
agreement that makes various changes to Tower Park Property, LLC's
confirmed Chapter 11 plan of reorganization.  FTIC argued that the
settlement modified the plan in violation of 11 U.S.C. section
1127.

Judge King, however, concluded that FTIC does not have standing to
prosecute the appeal.

A full-text copy of Judge King's July 1, 2016 memorandum decision
is available at https://is.gd/l7e64C from Leagle.com.

In re Tower Park Properties LLC is represented by:

          Dean A. Ziehl, Esq.
          Jeremy V. Richards, Esq.
          PACHULSKI STANG ZIEHL AND JONES LLP
          10100 Santa Monica Blvd, 13th Floor
          Los Angeles, CA 90067-4003
          Email: dziehl@pszjlaw.com
                 jrichards@pszjlaw.com

Fiduciary Trust International of California is represented by:

          Justin E. Rawlins, Esq.
          Rolf S. Woolner, Esq.
          William Robert Shafton, Esq.
          WINSTON AND STRAWN LLP
          333 S. Grand Avenue, 38th Floor
          Los Angeles, CA 90071-1543
          Tel: (213)615-1700
          Fax: (213)615-1750
          Email: jrawlins@winston.com
                 rwoolner@winston.com
                 wshafton@winston.com

            -- and --

          Richard Denis Cleary, Esq.
          RICHARD D CLEARY LAW OFFICES
          350 South Grand Avenue, Suite 3150
          Los Angeles, CA 90071
          Tel: (213)785-6850
          Fax: (213)833-7812


TOYS R US: Bond Swap Pays 12% to Buy Time for Turnaround
--------------------------------------------------------
Emma Orr, writing for Bloomberg Brief, reported that Toys "R" Us
Inc., beset by rivals and burdened by debt tied to its 2005
leveraged buyout, pushed ahead with a bond swap offering a 12
percent interest rate that could buy time for the retailer's
turnaround plan.

According to the report, holders can exchange outstanding notes due
in 2017 that pay 10.375 percent and 2018 paying 7.375 percent for
senior secured notes at the new interest rate that mature in 2021,
the Wayne, New Jersey-based company said in a statement.  Toys "R"
Us will also pay as much as $150 million in cash for the 2017
notes, the report related.

Toys "R" Us is devoting cash to upgrade its stores, e-commerce and
the shopping experience, the report further related.  It's looking
for ways to win back customers from discounters including Wal-Mart
Stores Inc. and Target Corp. that attract a steady stream of
shoppers with groceries and other basics, as well as online vendors
such as Amazon.com Inc., the report said.  The company said in June
that it would refinance 89 percent of its existing notes, and that
a third party had plans to buy as much as $50 million in new
financing, the report recalled.

"This is the first step in a process to get the maturity profile
into a place where it's no longer an obstacle, so that they can
focus on operations," Noel Hebert, a Bloomberg Intelligence credit
analyst, said in an interview.  "Twelve percent and much closer
proximity to a lot of the international operations -- I'd say
that's a pretty good exchange for the bondholders, given where they
were six months ago."

                      *     *     *

The Troubled Company Reporter, on June 20, 2016, reported that
Fitch Ratings has affirmed the Issuer Default Rating (IDRs) for
Toys 'R' Us, Inc. (Toys, or the Holdco), Toys 'R' Us - Delaware,
Inc., Toys 'R' Us Property Co. II, LLC, and Toys 'R' Us Property
Co. I, LLC, post the company's announcement of plans to refinance
up to 83% of the $850 million of Holdco notes due in 2017 and
2018.

S&P Global Ratings affirmed its ratings on Toys "R" Us Inc.
including the 'B-' corporate credit rating.  The outlook is
stable.

Moody's Investors Service stated that if the exchange offer
announced by Toys "R" Us, Inc. on June 14, 2016 proceeds as
outlined, it will constitute a distressed exchange, which is an
event of default under Moody's definition of default. As a result,
the Probability of Default rating is downgraded to Caa3-PD from
B3-PD.

"We view Toys' proposed exchange as opportunistic and driven by a
confluence of factors, and believe it enhances liquidity as it
takes two meaningful maturities off the table for the next five
years," stated Moody's Vice President Charlie O'Shea. "The
company's B3 corporate family rating is unaffected, and it is our
expectation that if this exchange closes as outlined in the 8K
filed yesterday, the PDR will return to the B3-PD rating level
shortly thereafter."


TOZ-BEL LLC: Taps Bederson LLP as Special Insolvency Accountant
---------------------------------------------------------------
Toz-Bel, LLC, dba Rossy's Garden Restaurant, asks for permission
from the U.S. Bankruptcy Court for the District of New Jersey to
employ Bederson LLP as special insolvency accountant.

The Debtor requires Bederson LLP to prepare monthly operating
reports and maintain the Debtor's books and records.

Bederson LLP will be paid at these hourly rates:

       Partners                 $315 to $515
       Managers                 $320
       Supervisors              $260
       Senior Accountants       $250
       Semi Sr. Accountants     $210
       Staff Accountants        $175
       Para Professionals       $160

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

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

Bederson LLP can be reached at:

       Matthew Schwartz
       BEDERSON LLP
       347 Mt. Pleasant Avenue
       West Orange, NJ 07052
       Tel: (973) 736-3333
       Fax: (973) 736-9219
       E-mail: Matthew.schwartz@bederson.com

Toz-Bel, LLC, filed a Chapter 11 bankruptcy petition (Bankr. D.N.J.
Case No. 16-15415) on March 22, 2016.  The Debtor is represented by
Anthony Sodono III, Esq. of the firm Trenk, DiPasquale, Della Fera
& Sodono, PC.


TRACTOR COMPANY: BB&T's Bid for Summary Judgment Granted
--------------------------------------------------------
Judge Irene C. Berger of the United States District Court for the
Southern District of West Virginia, Beckley Division, granted
Branch Banking and Trust Company's motion for summary judgment
against the defendants in the case captioned BRANCH BANKING AND
TRUST COMPANY, Plaintiff, v. THE TRACTOR COMPANY, INC., et al.,
Defendants, Civil Action No. 5:14-cv-25740 (S.D.W. Va.).

Judge Berger granted the motion as to the plaintiff's claims for
breach of contract against the defendants, Joe D. Ison and William
Connolly.

BB&T, a citizen of North Carolina, initiated the action with the
filing of a Complaint September 12, 2014. Therein, BB&T asserted
claims for breach of contract under West Virginia law against the
Defendants, The Tractor Company, Inc., a West Virginia corporation,
Joe D. Ison, a citizen of West Virginia, and William Connolly, a
citizen of West Virginia. BB&T alleged that TTC defaulted on
several promissory notes, and that Mr. Ison and Mr. Connolly
defaulted on several guaranty agreements, wherein each agreed to
ensure the prompt payments of all debts incurred by TTC. BB&T
sought to recover actual and compensatory damages, together with
costs and expenses, including attorney's fees and court costs.

A full-text copy of Judge Berger's July 7, 2016 memorandum opinion
and order is available at https://is.gd/Y9wpAq from Leagle.com.

Branch Banking and Trust Company is represented by:

          Angela D. Herdman, Esq.
          David A. Bosak, Esq.
          SPILMAN THOMAS & BATTLE
          Spilman Center
          300 Kanawha Boulevard, East (25301)
          Charleston, WV 25321-0273
          Tel: (304)340-3800
          Fax: (304)340-3801
          Email: aherdman@spilmanlaw.com

The Tractor Company, Inc., William E. Connolly, individually, are
represented by:

          Christopher S. Smith, Esq.
          Nicola D. Smith
          HOYER HOYER & SMITH
          22 Capitol Street
          Charleston, WV 25301
          Tel: (304)344-9821
          Fax: (304)344-9519
          Email: chris@hhsmlaw.com
                 nickyhhsmlaw@gmail.com

            -- and --

          James R. Cooney, Esq.
          Robert O Lampl, Esq.
          ROBERT O LAMPL LAW OFFICE
          960 Penn Avenue, Suite 1200
          Pittsburgh, PA 15222
          Tel: 412-392-0330
          Fax: 412-392-0335
          Email: rol@lampllaw.com

Joe D. Ison is represented by:

          Christopher S. Smith, Esq.
          Nicola D. Smith
          HOYER HOYER & SMITH
          22 Capitol Street
          Charleston, WV 25301
          Tel: (304)344-9821
          Fax: (304)344-9519
          Email: chris@hhsmlaw.com
                 nickyhhsmlaw@gmail.com

            -- and --

          James R. Sheatsley, Esq.
          GORMAN SHEATSLEY & COMPANY
          343 Prince St.
          Beckley, WV 25801-4515
          Tel: (304)252-5321

            -- and --

          James R. Cooney, Esq.
          Robert O Lampl, Esq.
          ROBERT O LAMPL LAW OFFICE
          960 Penn Avenue, Suite 1200
          Pittsburgh, PA 15222
          Tel: 412-392-0330
          Fax: 412-392-0335
          Email: rol@lampllaw.com


TRANSTAR HOLDING: Moody's Lowers PDR to Ca, Outlook Negative
------------------------------------------------------------
Moody's Investors Service downgraded Transtar Holding Company's
Probability of Default Rating to D-PD (PDR) to reflect interest
payments defaults on its first and second lien bank debt.
Concurrently, Moody's also downgraded the company's Corporate
Family Rating (CFR) to Ca from B3, the ratings on the first lien
revolver and term loan to Caa3 from B2 and the rating on the second
lien term loan rating to C from Caa2.  The ratings outlook is
negative.  This action concludes the review for downgrade initiated
on April 29, 2016.

                         RATINGS RATIONALE

Moody's has confirmed that Transtar did not make the interest
payments due June 30, 2016, on its first and second lien credit
facilities.  Moody's deems a default to have occurred when an
interest payment is not made by the end of a grace period.  The
first lien and second lien credit agreements provides a grace
period of five business day, both of which have expired.  The
Corporate Family Rating of Ca reflects Moody's view of an average
recovery for lenders in default.

Transtar's ratings could be lowered if Moody's expectation of
recovery deteriorates.  The ratings could be upgraded following a
restructuring if a material amount of debt is eliminated and
liquidity improves, resulting in a more sustainable capital
structure.

The negative outlook reflects Moody's expectation that operating
performance will continue to weaken over the next 12 months and
that free cash flow will remain negative.  The outlook also
addresses Moody's concern that recovery prospects could weaken if
operating performance does not improve.

Moody's took these rating actions on Transtar Holding Company:

  Corporate Family Rating, Downgraded to Ca from B3
  Probability of Default Rating, Downgraded to D-PD from B3-PD
  $50 Million Senior Secured First Lien Revolving Credit Facility
   due 2017, Downgraded to Caa3 (LGD3) from B2 (LGD3)
  $370 Million Senior Secured First Lien Term Loan due 2018,
   Downgraded to Caa3 (LGD3) from B2 (LGD3)
  $170 Million Senior Secured Second Lien Term Loan due 2019,
   Downgraded to C (LGD5) from Caa2 (LGD5)
  Outlook, Revised to Negative from Rating Under Review

Transtar Holding Company is a distributor of automotive aftermarket
driveline replacement parts, kits and components sold to the
transmission repair and remanufacturing market.  The company also
supplies autobody refinishing products to professional aftermarket
automotive refinishers and autobody repair shops.  Net revenue for
the twelve month period ended
Sept. 30, 2015, was more than $550 million. The company has been
majority-owned by affiliates of Friedman Fleischer & Lowe, LLC
("FFL") since 2010.

The principal methodology used in these ratings was Distribution &
Supply Chain Services Industry published in December 2015.


TRANSTAR HOLDING: S&P Lowers CCR to 'D' on Missed Interest Payment
------------------------------------------------------------------
S&P Global Ratings said that it has lowered all of its ratings on
Cleveland-based Transtar Holding Co., including S&P's 'CCC+'
corporate credit rating, to 'D'.

"Transtar missed the last interest payment on its term loan and we
expect that it will enter into a comprehensive debt restructuring
support agreement, which may involve capital infusions from its
existing lenders and sponsors, following the recent expiration of
its forbearance agreement," said S&P Global credit analyst Nishit
Madlani.

In S&P's understanding, the company is currently in the process of
negotiating the terms of the debt reorganization and restructuring
with its lenders.


TRIANGLE USA: Taps Prime Clerk as Claims and Noticing Agent
-----------------------------------------------------------
Triangle USA Petroleum Corporation and its debtor-affiliates seek
authorization from the U.S. Bankruptcy Court for the District of
Delaware to employ Prime Clerk LLC as claims and noticing agent,
nunc pro tunc to the June 29, 2016 petition date.

The Debtors require Prime Clerk to:

   (a) prepare and serve required notices and documents in the
       Chapter 11 Cases in accordance with the Bankruptcy Code and

       the Bankruptcy Rules in the form and manner directed by the

       Debtors and/or the Court, including (i) notice of the
       commencement of the Chapter 11 Cases and the initial
       meeting of creditors under Bankruptcy Code section 341(a),
       (ii) notice of any claims bar date, (iii) notices of
       transfers of claims, (iv) notices of objections to claims
       and objections to transfers of claims, (v) notices of any
       hearings on a disclosure statement and confirmation
       of the Debtors' plan or plans of reorganization, including
       under Bankruptcy Rule 3017(d), (vi) notice of the effective

       date of any plan and (vii) all other notices, orders,
       pleadings, publications and other documents as the Debtors
       or Court may deem necessary or appropriate for an orderly
       administration of the Chapter 11 Cases;

   (b) maintain an official copy of the Debtors' schedules of
       assets and liabilities and statements of financial affairs,

       listing the Debtors' known creditors and the amounts owed
       thereto;

   (c) maintain (i) a list of all potential creditors, equity
       holders and other parties in interest and (ii) a "core"
       mailing list consisting of all parties described in
       Bankruptcy Rule 2002(i), (j) and (k) and those parties that

       have filed a notice of appearance pursuant to Bankruptcy
       Rule 9010; update and make said lists available upon
       request by a party-in-interest or the Clerk;

   (d) furnish a notice to all potential creditors of the last
       date for filing proofs of claim and a form for filing a
       proof of claim, after such notice and form are approved by
       the Court, and notify said potential creditors of the
       existence, amount and classification of their respective
       claims as set forth in the Schedules, which may be effected

       by inclusion of such information on a customized proof of
       claim form provided to potential creditors;

   (e) maintain a post office box or address for the purpose of
       receiving claims and returned mail, and process all mail
       received;

   (f) for all notices, motions, orders or other pleadings or
       documents served, prepare and file or cause to be filed
       with the Clerk an affidavit or certificate of service
       within seven business days of service which includes (i)
       either a copy of the notice served or the docket number(s)
       and title(s) of the pleading(s) served, (ii) a list of
       persons to whom it was mailed with their addresses,
       (iii) the manner of service and (iv) the date served;

   (g) process all proofs of claim received, including those
       received by the Clerk, check said processing for accuracy
       and maintain the original proofs of claim in a secure
       area;

   (h) maintain the official claims register for each Debtor
       on behalf of the Clerk; upon the Clerk's request, provide
       the Clerk with certified, duplicate unofficial Claims
       Registers; and specify in the Claims Registers the
       following information for each claim docketed: (i) the
       claim number assigned, (ii) the date received, (iii) the
       name and address of the claimant and agent, if applicable,
       who filed the claim, (iv) the amount asserted, (v) the
       asserted classification(s) of the claim, (vi) the
       applicable Debtor and (vii) any disposition of the claim;

   (i) implement necessary security measures to ensure the
       completeness and integrity of the Claims Registers and the
       safekeeping of the original claims;

   (j) record all transfers of claims and provide any notices of
       such transfers as required by Bankruptcy Rule 3001(e);

   (k) relocate, by messenger or overnight delivery, all of the
       court-filed proofs of claim to the offices of Prime Clerk,
       not less than weekly;

   (l) upon completion of the docketing process for all claims
       received to date for each case, turn over to the Clerk
       copies of the Claims Registers for the Clerk's review;

   (m) monitor the Court's docket for all notices of appearance,
       address changes, and claims-related pleadings and orders
       filed and make necessary notations on and/or changes to the

       claims register and any service or mailing lists, including

       to identify and eliminate duplicative names and addresses
       from such lists;

   (n) identify and correct any incomplete or incorrect addresses
       in any mailing or service lists;

   (o) assist in the dissemination of information to the public
       and respond to requests for administrative information
       regarding the Chapter 11 Cases as directed by the
       Debtors or the Court, including through the use of a case
       website and/or call center;

   (p) monitor the Court's docket in the Chapter 11 Cases and,
       when filings are made in error or containing errors, alert
       the filing party of such error and work with them
       to correct any such error;

   (q) if the Chapter 11 Cases are converted to cases under
       chapter 7 of the Bankruptcy Code, contact the Clerk's
       office within three days of notice to Prime Clerk of
       entry of the order converting the cases;

   (r) thirty days prior to the close of the Chapter 11 Cases, to
       the extent practicable, request that the Debtors submit to
       the Court a proposed order dismissing Prime Clerk as Claims

       and Noticing Agent and terminating its services in such
       capacity upon completion of its duties and responsibilities

       and upon the closing of the Chapter 11 Cases;

   (s) within seven days of notice to Prime Clerk of entry of an
       order closing the Chapter 11 Cases, provide to the Court
       the final version of the Claims Registers as of the date
       immediately before the close of the Chapter 11 Cases; and

   (t) at the close of the Chapter 11 Cases, (i) box and transport

       all original documents, in proper format, as provided by
       the Clerk's office, to (A) the Philadelphia Federal Records

       Center, 14700 Townsend Road, Philadelphia, PA 19154 or (B)
       any other location requested by the Clerk's office and (ii)

       docket a completed SF-135 Form indicating the accession and

       location numbers of the archived claims.

Prime Clerk will be paid at these hourly rates:

       Analyst                       $30-$50
       Technology Consultant         $65-$95
       Consultant/Senior Consultant  $70-$170
       Director                      $170-$195
       Solicitation Consultant       $195
       Director of Solicitation      $220

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

Prior to the Petition Date, the Debtors provided Prime Clerk a
retainer in the amount of $25,000.

Michael J. Frishberg, co-president and chief operating officer of
Prime Clerk, 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.

Prime Clerk can be reached at:

       Shai Waisman
       PRIME CLERK LLC
       830 3rd Avenue, 9th Floor
       New York, NY 10022
       Tel: (212) 257-5450
       E-mail: swaisman@primeclerk.com

                         About Triangle USA

Triangle USA Petroleum Corporation is an independent exploration
and production company with a strategic focus on developing the
Bakken Shale and Three Forks formations in the Williston Basin of
North Dakota and Montana.  TUSA is a wholly owned subsidiary of
Triangle Petroleum Corporation (NYSE MKT: TPLM).  Neither TPLM nor
its affiliated company, RockPile Energy Services, LLC, is included
in TUSA's Chapter 11 filing.

Triangle USA Petroleum Corporation and its affiliates filed
voluntary petitions under Chapter 11 of the Bankruptcy Code in the
U.S. Bankruptcy Court for the District of Delaware on June 29,
2016.  The cases are pending before the Honorable Mary F. Walrath,
and the Debtors have requested that their cases be jointly
administered under Case No. 16-11566.

The Debtors have engaged Skadden, Arps, Slate, Meagher & Flom LLP
as counsel, AP Services, LLC, as financial advisor, PJT Partners
Inc. as investment banker and Prime Clerk LLC as claims & noticing
agent.

In its petition, TUSA estimated assets in the range of $500 million
to $1 billion and liabilities of up to $1 billion.


UNITED PLASTIC: Panel's Plea to Terminate Exclusivity Denied
------------------------------------------------------------
The U.S. Bankruptcy Court for the Middle District of Alabama has
entered an order denying the request of the Official Committee of
Unsecured Creditors of United Plastic Recycling Inc. to deem the
exclusivity period of terminated.

The Unsecured Creditors' Committee seeks a determination that
exclusivity has terminated, notwithstanding the fact that the
Debtor has timely filed a plan within the extended period of
exclusivity.  The Unsecured Creditors do not appear to have a
competing plan; therefore, the issue is not ripe.

As reported by the Troubled Company Reporter on July 18, 2016, the
Committee filed with the Court a supplement to its motion to deem
the Debtor's exclusivity period terminated.  The Debtors' response
to the Committee's motion indicates their belief that the
exclusivity period provided in their favor by 11 U.S.C. Section
1121 is, in fact, already terminated, either by operation of law or
applicable court order, along with their acquiescence to the
treatment of the Exclusivity Period as such.

United Plastic Recycling, Inc. (Bankr. M.D. Ala. Case No.
15-32928)
and affiliate United Lands, LLC (Bankr. M.D. Ala. Case No.
15-32926) filed separate Chapter 11 bankruptcy petitions on Oct.
16, 2015. The United Plastic petition was signed by John A.
Bonham,
Jr., president.

Judge Dwight H. Williams Jr. Presides over United Lands' case,
while Judge William R. Sawyer presides over United Plastic's case.

James L. Day, Esq., at Memory & Day serves as the Debtors'
bankruptcy counsel.

United Plastic estimated its assets at up to $50,000, and its
liabilities at between $10 million and $50 million.

United Lands estimated its assets at up to $50,000and its
liabilities at up $50,000.

A list of United Plastic Recycling's 20 largest unsecured creditors
is available for free at:

           http://bankrupt.com/misc/almb15-32928.pdf


WHITING PETROLEUM: S&P Rates New Unsec. Convertible Notes 'B+'
--------------------------------------------------------------
S&P Global Ratings said that it assigned its 'B+' issue-level
rating and '3' recovery rating to Denver-based oil and gas
exploration and production company Whiting Petroleum Corp.'s new
senior unsecured convertible notes maturing in 2019, 2020, 2021,
and 2023.  S&P assigned the new senior subordinated convertible
notes maturing in 2018 a 'B-' and '6' recovery rating, indicating
negligible (0%-10%) recovery in the event of a default.  The '3'
recovery rating on the senior unsecured convertible notes reflects
S&P's expectation of meaningful (50% to 70%, lower end of the
range) recovery to creditors in the event of a payment default. The
company exchanged its convertible notes for $1.092 billion of
Whiting's unsecured and subordinated bonds with similar coupon
rates and maturities.  The convertible notes will mandatorily
convert to equity upon Whiting's stock price meeting certain
thresholds.

At the same time, S&P raised the issue-level rating on Whiting's
remaining senior unsecured notes to 'B+' from 'B' and revised the
recovery rating on these notes to '3' from '5'.  The revised
recovery rating reflects S&P's expectation of meaningful (50% to
70%, lower end of the range) recovery to creditors in the event of
default and incorporates Whiting's reduced commitment amount on its
reserve-based loan facility (to $2.5 billion from $3.5 billion), as
well as a $468 million reduction in unsecured debt following an
earlier exchange for convertible notes and subsequent conversion to
equity.

The issue-level and recovery ratings on the company's senior
secured debt of 'BB' and '1', respectively, and senior subordinated
notes of 'B-' and '6', respectively, are unchanged. The '1'
recovery rating indicates very high (90%-100%) recovery to
creditors in the event of default.

S&P's 'B+' corporate credit rating and negative outlook on Whiting
are unchanged.  The rating reflects S&P's assessment of the
company's satisfactory business risk profile, highly leveraged
financial risk profile, and adequate liquidity.

RECOVERY ANALYSIS

   -- S&P has assigned a 'B+' issue-level rating and '3' recovery
      rating to Whiting's new senior unsecured convertible notes
      maturing in 2019, 2020, 2021, and 2023.

   -- S&P has assigned a 'B-' issue-level rating and '6' recovery
      rating to Whiting's new senior subordinated convertible
      notes maturing in 2018.

   -- S&P has raised its issue-level rating on Whiting's senior
      unsecured debt to 'B+' from 'B' and revised the recovery
      rating on this debt to '3' from '5'.

   -- S&P's 'BB' issue-level rating and '1' recovery rating on
      Whiting's secured credit facility maturing in 2019 and S&P's

      'B-' issue-level rating and '6' recovery rating on the
      company's senior subordinated notes due 2018 are unchanged.

   -- S&P Global Ratings' simulated default for Whiting assumes a
      sustained period of low commodity prices, consistent with
      the conditions of past defaults in this sector.

   -- S&P bases its valuation for Whiting's reserves on a company-
      provided year-end 2015 PV10 report, using S&P's recovery
      price deck assumptions of $50/bbl for West Texas
      Intermediate crude oil and $3 per mmBtu for Henry Hub
      natural gas.

   -- S&P's recovery analysis for Whiting assumes its senior
      secured reserve-based loan facility will have $2.5 billion
      of principal outstanding prior to default.

Simulated Default Assumptions
   -- Simulated year of default: 2020

Simplified Waterfall
   -- Net enterprise value (after 7% bankruptcy administrative
      costs): $4.6 billion
   -- Senior secured claims: $2.6 billion
     -- Recovery expectations: 90% to 100%
   -- Total value available to unsecured claims: $2.0 billion
   -- Senior unsecured claims: $4.0 billion
      -- Recovery expectations: 50% to 70% (lower half of the
      range)
   -- Total value available to subordinated claims: nil
   -- Senior subordinated claims: $300 million
      -- Recovery expectations: 0% to 10%

Note: All debt amounts include six months of prepetition interest.

RATINGS LIST

Whiting Petroleum Corp.
Corporate credit rating                 B+/Negative/--

New Ratings
Whiting Petroleum Corp.
$1.092 Bil Notes
Sr unsecd due 2019, 2020, 2021, 2023   B+
  Recovery rating                       3L
Subordinated due 2018                  B-
  Recovery rating                       6

Issue-Level Rating Raised; Recovery Rating Revised
                                        To      From
Whiting Petroleum Corp.
Sr unsecd notes                        B+      B
  Recovery rating                       3L      5

Ratings Unchanged
Whiting Oil and Gas Corp.
Sr secd debt                            BB
  Recovery rating                       1

Whiting Oil and Gas Corp.
Subordinated debt                       B-
  Recovery rating                       6


WTB 5 ENTERPRISES: Taps Cushman & Wakefield as Real Estate Agent
----------------------------------------------------------------
Wtb 5 Enterprises, LLC, asks for permission from the U.S.
Bankruptcy Court for the District of Arizona to employ Eric
Wichterman of Cushman & Wakefield as real estate agent to list its
property.

On the Petition Date, the Debtor owned the property located at
11321, 11323, 11325, and 11327 W. Bell Road, Surprise, Arizona
("Property").

The professional services which Mr. Wichterman will provide
include, but are not limited to, the following:

   (a) representing the Debtor as its agent;

   (b) providing consulting services and sales assistance to the
       Debtor regarding the sale of the Property;

   (c) providing leasing services for available units at the
       Property; and

   (d) providing such other realty services as may be required
       from time-to-time.

The Debtor is informed and believes that if the Property is sold,
the total commission offered is 6% of the total sale price. The
Debtor is further informed and believes that if Cushman & Wakefield
secures tenants for any of the Debtor’s available units, the
total commission will be 5% (7.5% if there is a co-broke) of the
total full service gross rent consideration for the first 5 years
or any fraction thereof, plus 2.5% (3.75% if there is a co-broke)
of the total rent consideration for the remaining term. In the
event the lease is structured as triple-net (net of operating
expenses) rates above shall be increased by 1%. If Cushman &
Wakefield secures a tenant on a month to month basis for any of the
Debtor's available units, the fee is one average month’s rental
with a minimum fee of $1,000.

The Debtor 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.

Cushman & Wakefield can be reached at:

       Eric Wichterman
       CUSHMAN & WAKEFIELD
       2375 East Camelback Road, Suite 300
       Phoenix, AZ 85016
       Tel: (602) 224-4471
       E-mail: eric.wichterman@cushwake.com

Wtb 5 Enterprises, LLC, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Ariz. Case No. 16-04074) on April 15,
2016.  The petition was filed pro se.


WYNN AMERICA: S&P Assigns 'BB+' Rating on New $125MM Facility
-------------------------------------------------------------
S&P Global Ratings assigned its 'BB+' issue-level rating and '2'
recovery rating to Wynn America LLC's new $125 million delayed draw
senior secured term loan facility II. (Wynn America is an indirect
wholly owned subsidiary of Las Vegas-based gaming operator Wynn
Resorts Ltd.)  The '2' recovery rating indicates S&P's expectation
for substantial (70% to 90%; lower half of the range) recovery for
lenders in the event of a default.  While the '2' recovery rating
on the company's senior secured debt is unchanged, S&P's recovery
expectation has shifted to the lower half of the range from the
upper half given the $125 million increase in senior secured debt.
In addition to increasing the overall size of the senior secured
credit facility, Wynn extended the available borrowing period for
the remaining amounts available under the delayed draw term loan
facilities to Dec. 31, 2016 given delays in the construction
timeline for its Wynn Boston Harbor Resort in Everett,
Massachusetts resulting from various legal and permitting
challenges.

                         RECOVERY ANALYSIS

Key analytical factors

   -- S&P's issue-level and recovery ratings on Wynn America's
      senior secured debt are 'BB+' and '2', respectively.

   -- S&P's simulated default scenario contemplates a payment
      default in 2020, reflecting a prolonged economic downturn,
      greater competitive pressures, and an inability to generate
      sufficient customer traffic at the Massachusetts casino,
      resulting in an ability to refinance its credit facility,
      which matures in November 2020.

   -- S&P assumes $150 million of EBITDA at emergence, which
      represents about a 7.5% return on total investment.

   -- S&P assumes the $375 million revolving credit facility is
      fully drawn at default.

   -- S&P considers Wynn's assets to be among the highest quality
      in the gaming sector and use a 7x multiple to value the
      Massachusetts casino.

Simulated default assumptions
   -- Year of default: 2020
   -- EBITDA at emergence: $150 mil.
   -- EBITDA multiple: 7x

Simplified waterfall
   -- Net enterprise value (after 5% administrative costs):
      $998 mil.
      --------------
   -- Secured debt: $1.28 bil.
      -- Recovery expectation: 70%-90% (lower half of the range)
Note: All debt amounts include six months of prepetition interest.

RATINGS LIST

Wynn Resorts Ltd.
Wynn America LLC
Corporate Credit Rating              BB/Negative/--

New Rating

Wynn America LLC
$125 mil. delayed draw term loan II
Senior Secured                       BB+
  Recovery Rating                     2L


YBRANT MEDIA: Wants Plan Filing Deadline Moved to Sept. 12
----------------------------------------------------------
Ybrant Media Acquisition, Inc., asks the U.S. Bankruptcy Court for
the Southern District of New York to extend the exclusive periods
within which it may file a plan of reorganization and solicit
acceptances thereto through and including Sept. 12, 2016, and Nov.
11, 2016.

The Debtor's exclusive period to file plan of reorganization
expires on July 12, 2016.

The Debtor and Daum Global Holdings Corp. have agreed to the terms
of a settlement, which will enable the Debtor to emerge from
Chapter 11 and implement its business plan, a process that was
interrupted as a consequence of the litigation with Daum Global.
The business plan envisions the Debtor as a platform for the
acquisition and management of other similar internet and
media-related businesses in order to capture the profit that can be
realized through maximizing the economies of scale and synergy of
multiple businesses.  The settlement agreement will enable the
Debtor to file a consensual plan of reorganization by
mid-September.

Debtor has reached an agreement with Daum Global concerning the
payment of its $37 million claim and is seeking an extension of
exclusivity in order to permit it to memorialize an agreement and
file a plan of reorganization.

A hearing on the request is set for Aug. 4, 2016, at 10:30 a.m.

The Debtor's counsel can be reached at:

     ROSEN & ASSOCIATES, P.C.
     Nancy L. Kourland, Esq.
     747 Third Avenue
     New York, NY 10017-2803
     Tel: (212) 223-1100
     E-mail: info@rosencpagroup.com

                         About Ybrant Media

Ybrant Media Acquisition, Inc., was incorporated in 2007 and is a
wholly-owned subsidiary of Ybrant Digital Limited, a global digital
marketing company organized under the laws of India, whose shares
are publicly traded on the Bombay Stock Exchange and the National
Stock Exchange of India.  The Debtor was created for the purpose of
purchasing and managing the assets of Internet and media-related
businesses.

Ybrant Media filed a Chapter 11 bankruptcy petition (Bankr.
S.D.N.Y. Case No. 16-10597) on March 14, 2016.  The petition was
signed by Suresh K. Reddy as chief executive officer.  The Debtor
estimated assets in the range of $10 million to $50 million and
liabilities of up to $50 million.  Rosen & Associates, P.C. serves
as the Debtor's counsel.


[*] US Oil Services at Risk Despite Oil Bounce
----------------------------------------------
Emma Orr, writing for Bloomberg Brief, reported that high-yield
energy equipment and services issuers left behind in the oil rally
look vulnerable if they lack contracts and need to raise funds.
Smaller offshore-focused issuers with nearby maturities could be at
risk of default, the report said, citing Spencer Cutter, credit
analyst at Bloomberg Intelligence.

Drilling and services companies were hit by a "double whammy,"
Cutter said in a July 13 interview, the report related.  After
being battered by plunging crude prices, many drillers also had to
make periodic payments on rig contracts signed with shipbuilders
when oil was much higher, according to the report.  Demand for
companies that service the rigs has also dropped, the report said.

"You have a bunch of new rigs coming online that you have to pay
for and you don't have anywhere to put them," Cutter told
Bloomberg.  "They're kind of getting squeezed, and what can they
do?"

The report pointed out that drill contractor Ocean Rig's 6.5
percent of Oct. 2017 was the worst performer in the high-yield
drilling and services sector in the second quarter, dropping 19
percent, according to BI.  Service provider GulfMark Offshore's
6.375 percent notes due 2022 fell 12 percent in the period, the
report said.


[^] Large Companies with Insolvent Balance Sheet
------------------------------------------------
                                                 Total
                                                Share-       Total
                                    Total     Holders'     Working
                                   Assets       Equity     Capital
  Company         Ticker             ($MM)        ($MM)      
($MM)
  -------         ------           ------     --------     -------
ABSOLUTE SOFTWRE  ABT CN           104.99       (41.33)    
(39.70)
ABSOLUTE SOFTWRE  ALSWF US         104.99       (41.33)    
(39.70)
ABSOLUTE SOFTWRE  ABT2EUR EU       104.99       (41.33)    
(39.70)
ABSOLUTE SOFTWRE  OU1 GR           104.99       (41.33)    
(39.70)
ADV MICRO DEVICE  AMDCHF EU      2,981.00      (503.00)     898.00
ADV MICRO DEVICE  AMD TH         2,981.00      (503.00)     898.00
ADV MICRO DEVICE  AMD TE         2,981.00      (503.00)     898.00
ADV MICRO DEVICE  AMD GR         2,981.00      (503.00)     898.00
ADV MICRO DEVICE  AMD QT         2,981.00      (503.00)     898.00
ADV MICRO DEVICE  AMD* MM        2,981.00      (503.00)     898.00
ADV MICRO DEVICE  AMD US         2,981.00      (503.00)     898.00
ADV MICRO DEVICE  AMD SW         2,981.00      (503.00)     898.00
ADVANCED EMISSIO  ADES US           41.58       (20.06)    
(22.31)
ADVENT SOFTWARE   ADVS US          424.83       (50.06)   
(110.80)
AERIE PHARMACEUT  0P0 GR           139.20        (0.16)     104.65
AERIE PHARMACEUT  AERI US          139.20        (0.16)     104.65
AERIE PHARMACEUT  AERIEUR EU       139.20        (0.16)     104.65
AEROJET ROCKETDY  GCY TH         1,988.00      (124.00)     132.70
AEROJET ROCKETDY  AJRDEUR EU     1,988.00      (124.00)     132.70
AEROJET ROCKETDY  GCY GR         1,988.00      (124.00)     132.70
AEROJET ROCKETDY  AJRD US        1,988.00      (124.00)     132.70
AIR CANADA        ADH2 TH       13,503.00      (732.00)   
(256.00)
AIR CANADA        AC CN         13,503.00      (732.00)   
(256.00)
AIR CANADA        ACDVF US      13,503.00      (732.00)   
(256.00)
AIR CANADA        ADH2 GR       13,503.00      (732.00)   
(256.00)
AIR CANADA        ACEUR EU      13,503.00      (732.00)   
(256.00)
AK STEEL HLDG     AK2 TH         3,987.30      (611.60)     750.70
AK STEEL HLDG     AKS US         3,987.30      (611.60)     750.70
AK STEEL HLDG     AKS* MM        3,987.30      (611.60)     750.70
AK STEEL HLDG     AK2 GR         3,987.30      (611.60)     750.70
AMER RESTAUR-LP   ICTPU US          33.54        (4.03)     
(6.17)
AMYLIN PHARMACEU  AMLN US        1,998.74       (42.36)     262.95
ANGIE'S LIST INC  ANGIEUR EU       182.36        (3.48)    
(27.79)
ANGIE'S LIST INC  ANGI US          182.36        (3.48)    
(27.79)
ANGIE'S LIST INC  8AL TH           182.36        (3.48)    
(27.79)
ANGIE'S LIST INC  8AL GR           182.36        (3.48)    
(27.79)
ARCH COAL INC     ACIIQ* MM      4,855.41    (1,449.13)     913.72
ARGOS THERAPEUTI  ARGS US           42.75       (20.17)       0.89
ARIAD PHARM       ARIA US          502.55      (154.01)      84.18
ARIAD PHARM       ARIA SW          502.55      (154.01)      84.18
ARIAD PHARM       APS GR           502.55      (154.01)      84.18
ARIAD PHARM       ARIACHF EU       502.55      (154.01)      84.18
ARIAD PHARM       ARIAEUR EU       502.55      (154.01)      84.18
ARIAD PHARM       APS QT           502.55      (154.01)      84.18
ARIAD PHARM       APS TH           502.55      (154.01)      84.18
ARRAY BIOPHARMA   ARRYEUR EU       196.18       (14.80)     128.05
ARRAY BIOPHARMA   AR2 TH           196.18       (14.80)     128.05
ARRAY BIOPHARMA   AR2 GR           196.18       (14.80)     128.05
ARRAY BIOPHARMA   ARRY US          196.18       (14.80)     128.05
ASPEN TECHNOLOGY  AST GR           439.43       (35.46)    
(21.31)
ASPEN TECHNOLOGY  AZPNEUR EU       439.43       (35.46)    
(21.31)
ASPEN TECHNOLOGY  AZPN US          439.43       (35.46)    
(21.31)
AUTOZONE INC      AZ5 GR         8,464.10    (1,863.28)   
(422.10)
AUTOZONE INC      AZ5 TH         8,464.10    (1,863.28)   
(422.10)
AUTOZONE INC      AZOEUR EU      8,464.10    (1,863.28)   
(422.10)
AUTOZONE INC      AZO US         8,464.10    (1,863.28)   
(422.10)
AVID TECHNOLOGY   AVID US          311.76      (303.60)    
(75.21)
AVID TECHNOLOGY   AVD GR           311.76      (303.60)    
(75.21)
AVINTIV SPECIALT  POLGA US       1,991.44        (3.91)     322.12
AVON - BDR        AVON34 BZ      3,629.10      (435.70)     604.60
AVON PRODUCTS     AVP* MM        3,629.10      (435.70)     604.60
AVON PRODUCTS     AVP CI         3,629.10      (435.70)     604.60
AVON PRODUCTS     AVP TH         3,629.10      (435.70)     604.60
AVON PRODUCTS     AVP GR         3,629.10      (435.70)     604.60
AVON PRODUCTS     AVP US         3,629.10      (435.70)     604.60
BARRACUDA NETWOR  CUDA US          430.71       (19.26)    
(28.83)
BARRACUDA NETWOR  7BM GR           430.71       (19.26)    
(28.83)
BARRACUDA NETWOR  CUDAEUR EU       430.71       (19.26)    
(28.83)
BARRACUDA NETWOR  7BM QT           430.71       (19.26)    
(28.83)
BENEFITFOCUS INC  BTF GR           135.97       (26.67)       9.59
BENEFITFOCUS INC  BNFT US          135.97       (26.67)       9.59
BLUE BIRD CORP    1291067D US      279.36      (119.16)    
(10.17)
BLUE BIRD CORP    BLBD US          279.36      (119.16)    
(10.17)
BOMBARDIER INC-B  BBDBN MM      23,667.00    (3,442.00)   1,342.00
BOMBARDIER-B OLD  BBDYB BB      23,667.00    (3,442.00)   1,342.00
BOMBARDIER-B W/I  BBD/W CN      23,667.00    (3,442.00)   1,342.00
BRINKER INTL      EAT US         1,489.19      (243.66)   
(225.57)
BRINKER INTL      EAT2EUR EU     1,489.19      (243.66)   
(225.57)
BRINKER INTL      BKJ GR         1,489.19      (243.66)   
(225.57)
BUFFALO COAL COR  BUC SJ            48.11       (17.94)       0.28
BURLINGTON STORE  BUI GR         2,605.90      (105.24)     106.58
BURLINGTON STORE  BURL US        2,605.90      (105.24)     106.58
CABLEVISION SY-A  CVC US         6,732.39    (4,832.88)   
(257.15)
CABLEVISION SY-A  CVCEUR EU      6,732.39    (4,832.88)   
(257.15)
CABLEVISION SY-A  CVY GR         6,732.39    (4,832.88)   
(257.15)
CABLEVISION SY-A  CVY TH         6,732.39    (4,832.88)   
(257.15)
CABLEVISION-W/I   CVC-W US       6,732.39    (4,832.88)   
(257.15)
CABLEVISION-W/I   8441293Q US    6,732.39    (4,832.88)   
(257.15)
CALIFORNIA RESOU  CRC US         6,662.00      (952.00)   
(207.00)
CALIFORNIA RESOU  1CL TH         6,662.00      (952.00)   
(207.00)
CALIFORNIA RESOU  1CLB QT        6,662.00      (952.00)   
(207.00)
CALIFORNIA RESOU  CRCEUR EU      6,662.00      (952.00)   
(207.00)
CALIFORNIA RESOU  1CLB GR        6,662.00      (952.00)   
(207.00)
CAMBIUM LEARNING  ABCD US          131.80       (73.99)    
(58.30)
CARBONITE INC     CARB US          132.67        (4.78)    
(46.03)
CARBONITE INC     4CB GR           132.67        (4.78)    
(46.03)
CASELLA WASTE     WA3 GR           620.41       (28.52)       0.35
CASELLA WASTE     CWST US          620.41       (28.52)       0.35
CEB INC           FC9 GR         1,299.62       (23.26)   
(201.96)
CEB INC           CEB US         1,299.62       (23.26)   
(201.96)
CEDAR FAIR LP     7CF GR         2,003.76       (41.81)   
(100.69)
CEDAR FAIR LP     FUN US         2,003.76       (41.81)   
(100.69)
CENTENNIAL COMM   CYCL US        1,480.90      (925.89)    
(52.08)
CF CORP           CFCOU US           0.58        (0.06)     
(0.06)
CHARTER COMMUN-A  CHTR US       40,524.00      (219.00)   
(313.00)
CHARTER COMMUN-A  CHTR1EUR EU   40,524.00      (219.00)   
(313.00)
CHOICE HOTELS     CZH GR           787.26      (385.86)     117.79
CHOICE HOTELS     CHH US           787.26      (385.86)     117.79
CINCINNATI BELL   CIB GR         1,444.60      (291.60)    
(64.20)
CINCINNATI BELL   CBB US         1,444.60      (291.60)    
(64.20)
CLEAR CHANNEL-A   CCO US         5,739.38      (940.42)     692.72
CLEAR CHANNEL-A   C7C GR         5,739.38      (940.42)     692.72
CLIFFS NATURAL R  CLF* MM        1,886.30    (1,696.70)     352.20
CLIFFS NATURAL R  CLF2EUR EU     1,886.30    (1,696.70)     352.20
CLIFFS NATURAL R  CVA TH         1,886.30    (1,696.70)     352.20
CLIFFS NATURAL R  CVA QT         1,886.30    (1,696.70)     352.20
CLIFFS NATURAL R  CVA GR         1,886.30    (1,696.70)     352.20
CLIFFS NATURAL R  CLF US         1,886.30    (1,696.70)     352.20
COGENT COMMUNICA  CCOI US          665.10       (18.38)     168.48
COGENT COMMUNICA  OGM1 GR          665.10       (18.38)     168.48
COHERUS BIOSCIEN  8C5 GR           226.24       (66.88)     118.66
COHERUS BIOSCIEN  CHRSEUR EU       226.24       (66.88)     118.66
COHERUS BIOSCIEN  8C5 TH           226.24       (66.88)     118.66
COHERUS BIOSCIEN  CHRS US          226.24       (66.88)     118.66
COLGATE-BDR       COLG34 BZ     12,448.00       (73.00)      27.00
COLGATE-PALMOLIV  CPA QT        12,448.00       (73.00)      27.00
COLGATE-PALMOLIV  CPA TH        12,448.00       (73.00)      27.00
COLGATE-PALMOLIV  CPA GR        12,448.00       (73.00)      27.00
COLGATE-PALMOLIV  CL* MM        12,448.00       (73.00)      27.00
COLGATE-PALMOLIV  CLEUR EU      12,448.00       (73.00)      27.00
COLGATE-PALMOLIV  CLCHF EU      12,448.00       (73.00)      27.00
COLGATE-PALMOLIV  CL SW         12,448.00       (73.00)      27.00
COLGATE-PALMOLIV  CL US         12,448.00       (73.00)      27.00
COMMUNICATION     CSAL US        2,517.91    (1,288.91)        -
COMMUNICATION     8XC GR         2,517.91    (1,288.91)        -
CPI CARD GROUP I  PMTS US          279.96       (82.25)      63.97
CPI CARD GROUP I  PNT CN           279.96       (82.25)      63.97
CPI CARD GROUP I  CPB GR           279.96       (82.25)      63.97
CRIUS ENERGY TRU  CRIUF US         306.50       (49.05)    
(85.80)
CRIUS ENERGY TRU  KWH-U CN         306.50       (49.05)    
(85.80)
CVR NITROGEN LP   RNF US           241.37      (166.27)      12.04
CYAN INC          CYNI US          112.13       (18.37)      56.86
CYAN INC          YCN GR           112.13       (18.37)      56.86
DELEK LOGISTICS   DKL US           379.20       (10.98)      22.10
DELEK LOGISTICS   D6L GR           379.20       (10.98)      22.10
DENNY'S CORP      DENN US          288.84       (57.43)    
(48.89)
DENNY'S CORP      DE8 GR           288.84       (57.43)    
(48.89)
DIRECTV           DTV CI        25,321.00    (3,463.00)   1,360.00
DIRECTV           DTVEUR EU     25,321.00    (3,463.00)   1,360.00
DIRECTV           DTV US        25,321.00    (3,463.00)   1,360.00
DOMINO'S PIZZA    EZV GR           820.76    (1,730.28)     292.76
DOMINO'S PIZZA    EZV TH           820.76    (1,730.28)     292.76
DOMINO'S PIZZA    DPZ US           820.76    (1,730.28)     292.76
DPL INC           DPL US         3,202.90       (16.90)   
(466.20)
DUN & BRADSTREET  DB5 TH         2,176.00    (1,106.30)    
(94.40)
DUN & BRADSTREET  DNB US         2,176.00    (1,106.30)    
(94.40)
DUN & BRADSTREET  DNB1EUR EU     2,176.00    (1,106.30)    
(94.40)
DUN & BRADSTREET  DB5 GR         2,176.00    (1,106.30)    
(94.40)
DUNKIN' BRANDS G  DNKN US        3,093.93      (234.59)     117.25
DUNKIN' BRANDS G  2DB QT         3,093.93      (234.59)     117.25
DUNKIN' BRANDS G  2DB GR         3,093.93      (234.59)     117.25
DUNKIN' BRANDS G  DNKNEUR EU     3,093.93      (234.59)     117.25
DUNKIN' BRANDS G  2DB TH         3,093.93      (234.59)     117.25
DURATA THERAPEUT  DTA GR            82.12       (16.08)      11.68
DURATA THERAPEUT  DRTX US           82.12       (16.08)      11.68
DURATA THERAPEUT  DRTXEUR EU        82.12       (16.08)      11.68
EASTMAN KODAK CO  KODN GR        2,066.00       (48.00)     861.00
EASTMAN KODAK CO  KODK US        2,066.00       (48.00)     861.00
EDGEN GROUP INC   EDG US           883.85        (0.80)     409.18
ENERGIZER HOLDIN  EGG GR         1,584.40       (10.20)     643.20
ENERGIZER HOLDIN  ENR-WEUR EU    1,584.40       (10.20)     643.20
ENERGIZER HOLDIN  ENR US         1,584.40       (10.20)     643.20
EPL OIL & GAS IN  EPL US           463.56    (1,080.48)
(1,301.74)
EPL OIL & GAS IN  EPA1 GR          463.56    (1,080.48)
(1,301.74)
ERIN ENERGY CORP  ERN SJ           359.60      (137.39)   
(338.33)
EXELIXIS INC      EXEL US          492.53      (155.95)     238.40
EXELIXIS INC      EX9 GR           492.53      (155.95)     238.40
EXELIXIS INC      EXELEUR EU       492.53      (155.95)     238.40
EXELIXIS INC      EX9 TH           492.53      (155.95)     238.40
EXELIXIS INC      EX9 QT           492.53      (155.95)     238.40
FAIRMOUNT SANTRO  FMSAEUR EU     1,315.97       (73.64)     171.78
FAIRMOUNT SANTRO  FMSA US        1,315.97       (73.64)     171.78
FAIRMOUNT SANTRO  FM1 GR         1,315.97       (73.64)     171.78
FAIRPOINT COMMUN  FONN GR        1,291.00       (17.02)     
(1.19)
FAIRPOINT COMMUN  FRP US         1,291.00       (17.02)     
(1.19)
FIFTH STREET ASS  FSAM US          161.03       (11.64)        -
FREESCALE SEMICO  1FS GR         3,159.00    (3,079.00)   1,264.00
FREESCALE SEMICO  FSLEUR EU      3,159.00    (3,079.00)   1,264.00
FREESCALE SEMICO  1FS TH         3,159.00    (3,079.00)   1,264.00
FREESCALE SEMICO  1FS QT         3,159.00    (3,079.00)   1,264.00
FREESCALE SEMICO  FSL US         3,159.00    (3,079.00)   1,264.00
GAMCO INVESTO-A   GBL US           115.93      (248.20)        -
GAMING AND LEISU  GLPI US        2,436.23      (258.82)    
(98.66)
GAMING AND LEISU  2GL GR         2,436.23      (258.82)    
(98.66)
GARDA WRLD -CL A  GW CN          1,792.96      (360.93)     107.43
GARTNER INC       IT* MM         2,211.51      (112.67)   
(111.95)
GARTNER INC       GGRA GR        2,211.51      (112.67)   
(111.95)
GARTNER INC       IT US          2,211.51      (112.67)   
(111.95)
GCP APPLIED TECH  43G GR           985.60      (182.10)     219.80
GCP APPLIED TECH  GCP US           985.60      (182.10)     219.80
GENTIVA HEALTH    GHT GR         1,225.23      (285.20)     130.02
GENTIVA HEALTH    GTIV US        1,225.23      (285.20)     130.02
GLG PARTNERS INC  GLG US           400.02      (285.63)     156.94
GLG PARTNERS-UTS  GLG/U US         400.02      (285.63)     156.94
GOLD RESERVE INC  GOD GR            23.98       (20.50)       9.97
GOLD RESERVE INC  GRZ CN            23.98       (20.50)       9.97
GOLD RESERVE INC  GDRZF US          23.98       (20.50)       9.97
GRAHAM PACKAGING  GRM US         2,947.54      (520.85)     298.45
GYMBOREE CORP/TH  GYMB US        1,162.60      (309.18)      28.71
HCA HOLDINGS INC  2BH TH        32,776.00    (5,999.00)   3,803.00
HCA HOLDINGS INC  2BH GR        32,776.00    (5,999.00)   3,803.00
HCA HOLDINGS INC  HCAEUR EU     32,776.00    (5,999.00)   3,803.00
HCA HOLDINGS INC  HCA US        32,776.00    (5,999.00)   3,803.00
HECKMANN CORP-U   HEK/U US         460.11       (65.12)   
(465.38)
HEWLETT-PACKA-WI  HPQ-W US      25,523.00    (4,786.00)
(1,477.00)
HOVNANIAN-A-WI    HOV-W US       2,518.63      (152.32)   1,519.60
HP COMPANY-BDR    HPQB34 BZ     25,523.00    (4,786.00)
(1,477.00)
HP INC            HPQ CI        25,523.00    (4,786.00)
(1,477.00)
HP INC            HWP QT        25,523.00    (4,786.00)
(1,477.00)
HP INC            7HP GR        25,523.00    (4,786.00)
(1,477.00)
HP INC            HPQ TE        25,523.00    (4,786.00)
(1,477.00)
HP INC            HPQ US        25,523.00    (4,786.00)
(1,477.00)
HP INC            HPQ SW        25,523.00    (4,786.00)
(1,477.00)
HP INC            7HP TH        25,523.00    (4,786.00)
(1,477.00)
HP INC            HPQCHF EU     25,523.00    (4,786.00)
(1,477.00)
HP INC            HPQ* MM       25,523.00    (4,786.00)
(1,477.00)
HUGHES TELEMATIC  HUTCU US         110.19      (101.63)   
(113.82)
IDEXX LABS        IX1 TH         1,478.65       (73.79)    
(69.66)
IDEXX LABS        IX1 GR         1,478.65       (73.79)    
(69.66)
IDEXX LABS        IDXX US        1,478.65       (73.79)    
(69.66)
INFOR ACQUISIT-A  IAC/A CN         233.03        (1.62)       1.97
INFOR ACQUISITIO  IAC-U CN         233.03        (1.62)       1.97
INFOR US INC      LWSN US        6,048.50      (796.80)   
(226.40)
INNOVIVA INC      HVE GR           387.83      (361.97)     186.08
INNOVIVA INC      INVA US          387.83      (361.97)     186.08
INTERNATIONAL WI  ITWG US          325.06       (11.47)      95.43
INTERUPS INC      ITUP US            0.04        (0.29)     
(0.29)
INVENTIV HEALTH   VTIV US        2,127.79      (782.98)     121.10
IPCS INC          IPCS US          559.20       (33.02)      72.11
ISRAMCO INC       ISRL US          144.89        (2.80)      12.47
ISRAMCO INC       ISRLEUR EU       144.89        (2.80)      12.47
ISRAMCO INC       IRM GR           144.89        (2.80)      12.47
ISTA PHARMACEUTI  ISTA US          124.74       (64.84)       2.15
J CREW GROUP INC  JCG US         1,477.27      (776.68)      91.38
JACK IN THE BOX   JBX GR         1,301.46      (190.62)    
(83.75)
JACK IN THE BOX   JACK1EUR EU    1,301.46      (190.62)    
(83.75)
JACK IN THE BOX   JACK US        1,301.46      (190.62)    
(83.75)
JUST ENERGY GROU  JE CN          1,247.44      (651.09)   
(118.72)
JUST ENERGY GROU  JE US          1,247.44      (651.09)   
(118.72)
JUST ENERGY GROU  1JE GR         1,247.44      (651.09)   
(118.72)
KOPPERS HOLDINGS  KO9 GR         1,129.70        (4.30)     173.50
KOPPERS HOLDINGS  KOP US         1,129.70        (4.30)     173.50
L BRANDS INC      LTD QT         7,426.00    (1,086.00)   1,386.00
L BRANDS INC      LTD TH         7,426.00    (1,086.00)   1,386.00
L BRANDS INC      LTD GR         7,426.00    (1,086.00)   1,386.00
L BRANDS INC      LBEUR EU       7,426.00    (1,086.00)   1,386.00
L BRANDS INC      LB US          7,426.00    (1,086.00)   1,386.00
L BRANDS INC      LB* MM         7,426.00    (1,086.00)   1,386.00
LANDCADIA HOLDIN  LCAHU US           0.33        (0.00)     
(0.33)
LANTHEUS HOLDING  LNTH US          249.26      (174.22)      68.56
LAREDO PETROLEUM  8LP GR         1,637.16       (45.72)     124.78
LAREDO PETROLEUM  LPI US         1,637.16       (45.72)     124.78
LAREDO PETROLEUM  LPI1EUR EU     1,637.16       (45.72)     124.78
LEAP WIRELESS     LWI GR         4,662.89      (125.14)     346.94
LEAP WIRELESS     LWI TH         4,662.89      (125.14)     346.94
LEAP WIRELESS     LEAP US        4,662.89      (125.14)     346.94
LENNOX INTL INC   LII US         1,861.00       (73.30)     318.40
LENNOX INTL INC   LXI GR         1,861.00       (73.30)     318.40
LORILLARD INC     LLV TH         4,154.00    (2,134.00)   1,135.00
LORILLARD INC     LO US          4,154.00    (2,134.00)   1,135.00
LORILLARD INC     LLV GR         4,154.00    (2,134.00)   1,135.00
MADISON-A/NEW-WI  MSGN-W US        799.54    (1,167.08)     134.88
MAJESCOR RESOURC  MJXEUR EU          0.08        (0.02)     
(0.02)
MANITOWOC FOOD    MFS US         1,822.90      (125.70)       2.50
MANITOWOC FOOD    6M6 GR         1,822.90      (125.70)       2.50
MANITOWOC FOOD    MFS1EUR EU     1,822.90      (125.70)       2.50
MANNKIND CORP     MNKD IT           93.27      (373.46)   
(205.07)
MARRIOTT INTL-A   MAQ GR         6,121.00    (3,667.00)
(1,823.00)
MARRIOTT INTL-A   MAQ TH         6,121.00    (3,667.00)
(1,823.00)
MARRIOTT INTL-A   MAR US         6,121.00    (3,667.00)
(1,823.00)
MDC COMM-W/I      MDZ/W CN       1,571.55      (454.21)   
(274.04)
MDC PARTNERS-A    MDZ/A CN       1,571.55      (454.21)   
(274.04)
MDC PARTNERS-A    MDCA US        1,571.55      (454.21)   
(274.04)
MDC PARTNERS-A    MDCAEUR EU     1,571.55      (454.21)   
(274.04)
MDC PARTNERS-EXC  MDZ/N CN       1,571.55      (454.21)   
(274.04)
MEAD JOHNSON      MJN US         4,016.80      (592.40)   1,392.10
MEAD JOHNSON      0MJA GR        4,016.80      (592.40)   1,392.10
MEAD JOHNSON      MJNEUR EU      4,016.80      (592.40)   1,392.10
MEAD JOHNSON      0MJA TH        4,016.80      (592.40)   1,392.10
MEDLEY MANAGE-A   MDLY US          112.01       (24.54)      44.69
MERITOR INC       MTOR US        2,093.00      (601.00)     146.00
MERITOR INC       AID1 GR        2,093.00      (601.00)     146.00
MERITOR INC       MTOREUR EU     2,093.00      (601.00)     146.00
MERRIMACK PHARMA  MP6 GR           192.93      (217.14)      63.32
MERRIMACK PHARMA  MACK US          192.93      (217.14)      63.32
MICHAELS COS INC  MIM GR         1,938.68    (1,683.36)     551.65
MICHAELS COS INC  MIK US         1,938.68    (1,683.36)     551.65
MIDSTATES PETROL  MPO1EUR EU       782.84    (1,504.51)
(1,920.40)
MONEYGRAM INTERN  MGI US         4,280.00      (224.30)    
(16.80)
MOODY'S CORP      MCO US         5,114.90      (351.50)   1,933.40
MOODY'S CORP      DUT TH         5,114.90      (351.50)   1,933.40
MOODY'S CORP      DUT QT         5,114.90      (351.50)   1,933.40
MOODY'S CORP      DUT GR         5,114.90      (351.50)   1,933.40
MOODY'S CORP      MCOEUR EU      5,114.90      (351.50)   1,933.40
MOTOROLA SOLUTIO  MTLA TH        9,049.00      (137.00)   1,969.00
MOTOROLA SOLUTIO  MSI US         9,049.00      (137.00)   1,969.00
MOTOROLA SOLUTIO  MTLA QT        9,049.00      (137.00)   1,969.00
MOTOROLA SOLUTIO  MOT TE         9,049.00      (137.00)   1,969.00
MOTOROLA SOLUTIO  MTLA GR        9,049.00      (137.00)   1,969.00
MPG OFFICE TRUST  1052394D US    1,280.03      (437.27)        -
MSG NETWORKS- A   MSGNEUR EU       799.54    (1,167.08)     134.88
MSG NETWORKS- A   MSGN US          799.54    (1,167.08)     134.88
MSG NETWORKS- A   1M4 TH           799.54    (1,167.08)     134.88
MSG NETWORKS- A   1M4 GR           799.54    (1,167.08)     134.88
NATHANS FAMOUS    NATH US           71.55       (72.34)      49.78
NATHANS FAMOUS    NFA GR            71.55       (72.34)      49.78
NATIONAL CINEMED  NCMI US        1,037.60      (173.30)      92.50
NATIONAL CINEMED  XWM GR         1,037.60      (173.30)      92.50
NAVIDEA BIOPHARM  NAVB IT           12.28       (57.16)    
(47.06)
NAVISTAR INTL     IHR TH         6,188.00    (5,121.00)     510.00
NAVISTAR INTL     NAV US         6,188.00    (5,121.00)     510.00
NAVISTAR INTL     IHR GR         6,188.00    (5,121.00)     510.00
NEFF CORP-CL A    NEFF US          672.28      (169.37)       0.39
NEKTAR THERAPEUT  ITH GR           491.88        (0.28)     278.90
NEKTAR THERAPEUT  NKTR US          491.88        (0.28)     278.90
NEW ENG RLTY-LP   NEN US           193.83       (31.21)        -
NORTHERN OIL AND  NOG US           573.19      (322.51)     
(7.67)
NORTHERN OIL AND  4LT GR           573.19      (322.51)     
(7.67)
NTELOS HOLDINGS   NTLS US          611.10       (39.94)     104.88
OCH-ZIFF CAPIT-A  OZM US         1,255.31      (183.67)        -
OCH-ZIFF CAPIT-A  35OA GR        1,255.31      (183.67)        -
OMEROS CORP       OMER US           35.97       (40.74)       6.80
OMEROS CORP       3O8 TH            35.97       (40.74)       6.80
OMEROS CORP       3O8 GR            35.97       (40.74)       6.80
OMEROS CORP       OMEREUR EU        35.97       (40.74)       6.80
OMTHERA PHARMACE  OMTH US           18.35        (8.51)    
(11.99)
ONCOMED PHARMACE  O0M GR           204.93       (19.81)     149.94
ONCOMED PHARMACE  OMED US          204.93       (19.81)     149.94
PALM INC          PALM US        1,007.24        (6.18)     141.72
PAVMED INC        PAVMU US           0.78        (0.06)     
(0.52)
PBF LOGISTICS LP  11P GR           433.58      (180.66)      40.63
PBF LOGISTICS LP  PBFX US          433.58      (180.66)      40.63
PENN NATL GAMING  PN1 GR         5,128.69      (649.10)   
(189.85)
PENN NATL GAMING  PENN US        5,128.69      (649.10)   
(189.85)
PHILIP MORRIS IN  PM FP         34,621.00   (10,894.00)   1,837.00
PHILIP MORRIS IN  PM US         34,621.00   (10,894.00)   1,837.00
PHILIP MORRIS IN  PM1CHF EU     34,621.00   (10,894.00)   1,837.00
PHILIP MORRIS IN  4I1 QT        34,621.00   (10,894.00)   1,837.00
PHILIP MORRIS IN  PMI EB        34,621.00   (10,894.00)   1,837.00
PHILIP MORRIS IN  4I1 GR        34,621.00   (10,894.00)   1,837.00
PHILIP MORRIS IN  PMI SW        34,621.00   (10,894.00)   1,837.00
PHILIP MORRIS IN  4I1 TH        34,621.00   (10,894.00)   1,837.00
PHILIP MORRIS IN  PM1EUR EU     34,621.00   (10,894.00)   1,837.00
PHILIP MORRIS IN  PM1 TE        34,621.00   (10,894.00)   1,837.00
PHILIP MORRIS IN  PMI1 IX       34,621.00   (10,894.00)   1,837.00
PLAYBOY ENTERP-A  PLA/A US         165.83       (54.43)    
(16.90)
PLAYBOY ENTERP-B  PLA US           165.83       (54.43)    
(16.90)
PLY GEM HOLDINGS  PGEM US        1,210.85      (101.00)     239.95
PLY GEM HOLDINGS  PG6 GR         1,210.85      (101.00)     239.95
POLYMER GROUP-B   POLGB US       1,991.44        (3.91)     322.12
PROTECTION ONE    PONE US          562.85       (61.78)     
(7.57)
QUALITY DISTRIBU  QDZ GR           412.99       (22.94)     102.85
QUALITY DISTRIBU  QLTY US          412.99       (22.94)     102.85
QUINTILES TRANSN  QTS GR         3,982.94      (205.94)     859.02
QUINTILES TRANSN  Q US           3,982.94      (205.94)     859.02
RADIO ONE INC-A   ROIA US        1,342.79       (63.94)     134.38
RADIO ONE-CL D    ROIAK US       1,342.79       (63.94)     134.38
REATA PHARMACE-A  2R3 GR            64.59      (273.01)       4.39
REATA PHARMACE-A  RETA US           64.59      (273.01)       4.39
REGAL ENTERTAI-A  RETA GR        2,591.30      (873.60)    
(83.40)
REGAL ENTERTAI-A  RGC US         2,591.30      (873.60)    
(83.40)
REGAL ENTERTAI-A  RGC* MM        2,591.30      (873.60)    
(83.40)
RENAISSANCE LEA   RLRN US           57.05       (28.16)    
(31.37)
RENTECH NITROGEN  2RN GR           241.37      (166.27)      12.04
RENTPATH LLC      PRM US           208.02       (91.65)       3.63
REVLON INC-A      RVL1 GR        1,887.70      (573.30)     308.50
REVLON INC-A      REV US         1,887.70      (573.30)     308.50
RLJ ACQUISITI-UT  RLJAU US         135.79       (13.53)      20.56
ROUNDY'S INC      RNDY US        1,095.67       (92.66)      59.67
ROUNDY'S INC      4R1 GR         1,095.67       (92.66)      59.67
RURAL/METRO CORP  RURL US          303.74       (92.10)      72.41
RYERSON HOLDING   7RY TH         1,582.80      (118.70)     625.00
RYERSON HOLDING   7RY GR         1,582.80      (118.70)     625.00
RYERSON HOLDING   RYI US         1,582.80      (118.70)     625.00
SALLY BEAUTY HOL  SBH US         2,069.35      (341.43)     643.38
SALLY BEAUTY HOL  S7V GR         2,069.35      (341.43)     643.38
SANCHEZ ENERGY C  13S TH         1,421.20      (523.12)     401.73
SANCHEZ ENERGY C  13S GR         1,421.20      (523.12)     401.73
SANCHEZ ENERGY C  SN US          1,421.20      (523.12)     401.73
SANCHEZ ENERGY C  SN* MM         1,421.20      (523.12)     401.73
SBA COMM CORP-A   SBJ TH         7,371.64    (1,630.56)      49.48
SBA COMM CORP-A   SBAC US        7,371.64    (1,630.56)      49.48
SBA COMM CORP-A   SBJ GR         7,371.64    (1,630.56)      49.48
SBA COMM CORP-A   SBACEUR EU     7,371.64    (1,630.56)      49.48
SCIENTIFIC GAM-A  TJW GR         7,690.70    (1,583.90)     516.30
SCIENTIFIC GAM-A  SGMS US        7,690.70    (1,583.90)     516.30
SEARS HOLDINGS    SEE QT        11,175.00    (2,360.00)   1,526.00
SEARS HOLDINGS    SHLD US       11,175.00    (2,360.00)   1,526.00
SEARS HOLDINGS    SEE GR        11,175.00    (2,360.00)   1,526.00
SEARS HOLDINGS    SEE TH        11,175.00    (2,360.00)   1,526.00
SILVER SPRING NE  SSNI US          465.63       (45.87)    
(20.01)
SILVER SPRING NE  9SI TH           465.63       (45.87)    
(20.01)
SILVER SPRING NE  9SI GR           465.63       (45.87)    
(20.01)
SILVER SPRING NE  SSNIEUR EU       465.63       (45.87)    
(20.01)
SIRIUS XM CANADA  XSR CN           291.53      (139.81)   
(175.51)
SIRIUS XM CANADA  SIICF US         291.53      (139.81)   
(175.51)
SIRIUS XM HOLDIN  RDO GR         7,928.24      (563.94)
(1,942.31)
SIRIUS XM HOLDIN  SIRI US        7,928.24      (563.94)
(1,942.31)
SIRIUS XM HOLDIN  RDO QT         7,928.24      (563.94)
(1,942.31)
SIRIUS XM HOLDIN  RDO TH         7,928.24      (563.94)
(1,942.31)
SONIC CORP        SO4 GR           679.67       (58.46)      98.67
SONIC CORP        SONC US          679.67       (58.46)      98.67
SONIC CORP        SONCEUR EU       679.67       (58.46)      98.67
SPORTSMAN'S WARE  SPWH US          338.79        (2.35)      84.47
SPORTSMAN'S WARE  06S GR           338.79        (2.35)      84.47
SUPERVALU INC     SJ1 GR         4,370.00      (433.00)      63.00
SUPERVALU INC     SJ1 TH         4,370.00      (433.00)      63.00
SUPERVALU INC     SVU US         4,370.00      (433.00)      63.00
SUPERVALU INC     SVU* MM        4,370.00      (433.00)      63.00
SWIFT ENERGY CO   SWTF US          433.27      (960.12)   
(376.70)
SYNERGY PHARMACE  SGYP US           88.39        (6.50)      68.25
SYNERGY PHARMACE  SGYPEUR EU        88.39        (6.50)      68.25
SYNERGY PHARMACE  S90 GR            88.39        (6.50)      68.25
TAILORED BRANDS   TLRD US        2,276.82       (90.23)     717.65
TAILORED BRANDS   TLRD* MM       2,276.82       (90.23)     717.65
TAILORED BRANDS   WRMA GR        2,276.82       (90.23)     717.65
TRANSDIGM GROUP   TDGCHF EU      8,359.47      (961.82)   1,082.00
TRANSDIGM GROUP   TDG SW         8,359.47      (961.82)   1,082.00
TRANSDIGM GROUP   TDGEUR EU      8,359.47      (961.82)   1,082.00
TRANSDIGM GROUP   T7D GR         8,359.47      (961.82)   1,082.00
TRANSDIGM GROUP   TDG US         8,359.47      (961.82)   1,082.00
TRANSDIGM GROUP   T7D QT         8,359.47      (961.82)   1,082.00
TURNING POINT BR  TPB US           241.54       (79.23)      44.78
UNISYS CORP       UIS1 SW        2,265.10    (1,354.30)     261.50
UNISYS CORP       UISCHF EU      2,265.10    (1,354.30)     261.50
UNISYS CORP       USY1 GR        2,265.10    (1,354.30)     261.50
UNISYS CORP       UISEUR EU      2,265.10    (1,354.30)     261.50
UNISYS CORP       UIS US         2,265.10    (1,354.30)     261.50
UNISYS CORP       USY1 TH        2,265.10    (1,354.30)     261.50
VECTOR GROUP LTD  VGR GR         1,228.79      (153.86)     335.33
VECTOR GROUP LTD  VGR US         1,228.79      (153.86)     335.33
VECTOR GROUP LTD  VGR QT         1,228.79      (153.86)     335.33
VENOCO INC        VQ US            295.28      (483.71)   
(509.84)
VERISIGN INC      VRS GR         2,323.67    (1,108.02)     464.34
VERISIGN INC      VRS TH         2,323.67    (1,108.02)     464.34
VERISIGN INC      VRSN US        2,323.67    (1,108.02)     464.34
VERIZON TELEMATI  HUTC US          110.19      (101.63)   
(113.82)
VIEWRAY INC       VRAY US           39.07       (19.76)     
(0.58)
VIRGIN MOBILE-A   VM US            307.41      (244.23)   
(138.28)
WEIGHT WATCHERS   WW6 TH         1,290.48    (1,296.90)   
(173.65)
WEIGHT WATCHERS   WW6 GR         1,290.48    (1,296.90)   
(173.65)
WEIGHT WATCHERS   WTWEUR EU      1,290.48    (1,296.90)   
(173.65)
WEIGHT WATCHERS   WTW US         1,290.48    (1,296.90)   
(173.65)
WEST CORP         WT2 GR         3,522.70      (536.21)     231.23
WEST CORP         WSTC US        3,522.70      (536.21)     231.23
WESTERN REFINING  WNRL US          487.33       (73.69)      13.88
WESTERN REFINING  WR2 GR           487.33       (73.69)      13.88
WESTMORELAND COA  WLB US         1,770.69      (550.08)    
(32.21)
WESTMORELAND COA  WME GR         1,770.69      (550.08)    
(32.21)
WINGSTOP INC      WING US          116.61        (4.77)       1.97
WINGSTOP INC      EWG GR           116.61        (4.77)       1.97
WINMARK CORP      WINA US           42.82       (21.93)      13.63
WINMARK CORP      GBZ GR            42.82       (21.93)      13.63
YRC WORLDWIDE IN  YRCW US        1,863.80      (392.70)     178.10
YRC WORLDWIDE IN  YEL1 TH        1,863.80      (392.70)     178.10
YRC WORLDWIDE IN  YRCWEUR EU     1,863.80      (392.70)     178.10
YRC WORLDWIDE IN  YEL1 GR        1,863.80      (392.70)     178.10
YUM! BRANDS INC   YUM US         8,184.00      (331.00)   
(400.00)
YUM! BRANDS INC   YUM SW         8,184.00      (331.00)   
(400.00)
YUM! BRANDS INC   YUMCHF EU      8,184.00      (331.00)   
(400.00)
YUM! BRANDS INC   YUMEUR EU      8,184.00      (331.00)   
(400.00)
YUM! BRANDS INC   TGR GR         8,184.00      (331.00)   
(400.00)
YUM! BRANDS INC   TGR TH         8,184.00      (331.00)    (400.00)


                            *********

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 ***