TCR_Public/160722.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Friday, July 22, 2016, Vol. 20, No. 204

                            Headlines

1ST CHOICE COMPLIANCE: Ameris Bank Seeks to Prevent Cash Use
ABENGOA BIOENERGY: Wants Plan Filing Deadline Moved to Dec. 6
ACCESS GROUP: Fitch Affirms 'BBsf' Rating on Class II B Sub. Notes
ACE'S INDOOR: Wants to Use National Funding Cash Collateral
ACTIVECARE INC: Files Form S-1 Prospectus with SEC

ALLIANCE FOOD SERVICES: Taps Ferguson Hayes as Legal Counsel
ALLY FINANCIAL: Announces $700M Stock Repurchase Program
AMERICAN COMMERCE: Two Directors Quit from Board
AMW MACHINE: Files Corrected Motion for Exclusive Periods Extension
ANSWERS CORP: S&P Lowers CCR to 'CCC', Outlook Negative

APTOS INC: Moody's Affirms B3 Corporate Family Rating
ARCHDIOCESE OF ST. PAUL: Admits Wrongdoing in Abuse Coverup
ARMADA WATER: U.S. Trustee Unable to Appoint Creditor's Committee
BELDEN INC: Moody's Affirms Ba2 Corporate Family Rating
BELDEN INC: S&P Revises Outlook to Stable & Affirms 'BB' CCR

BLACK CANYON: US Trustee Unable to Appoint Creditors' Committee
BRAHMIN MERCHANDISING: No Creditors' Committee Appointed
BRANDON DORTCH: Exclusive Plan Filing Deadline Moved to Sept. 20
C&J ENERGY: Case Summary & 30 Largest Unsecured Creditors
C&J ENERGY: Expects Bankruptcy Exit in 130 to 180 Days

C&J ENERGY: Files for Ch. 11 With $1.4B Debt-to-Equity Deal
C.R. REED TRANSPORT: US Trustee Fails to Appoint Creditors' Panel
CANCER GENETICS: John Pappajoh Holds 1.89 Million Common Shares
CHESAPEAKE ENERGY: Sued by Shale Owners for Alleged Scheme
CLEAR CREEK RETIREMENT: Steven Bowerman Leaves Creditor's Panel

COMMUNITY VISION: Wants to Use IRS Cash Collateral
CONCORDIA: Moody's Says FDA OK of Generic Nilandron is Credit Neg.
CUPEYVILLE SCHOOL: Court to Take Up Plan Outline on Sept. 27
DATAPIPE INC: Moody's Affirms B3 Corporate Family Rating
DATAPIPE INC: S&P Affirms 'B' CCR, Outlook Stable

DAWN INC: Proposes Private Sale of Mamaroneck Property
DIFFERENTIAL BRANDS: Completes Acquisition of SWIMS
EAST COAST FOODS: Cash Collateral Use Through July 31 Allowed
EMERALD OIL: Wants Exclusive Plan Filing Deadline Moved to Dec. 19
ESSAR STEEL: Inks $35-Mil. DIP Financing Pact with SPL Advisors

ETERNAL ENTERPRISE: Cash Collateral Use from July 16 to Aug. 15 OK
EVERSTREAM HOLDCO: Case Summary & Unsecured Creditor
FLYING STAR: Reaches Agreement with Former Execs
FREDDIE MAC: Must Face Revived Suit Over Subprime Exposure
FREDERICK KEITEL: Court to Take Up Plan Outline at Aug. 31 Hearing

FRYMIRE SERVICES: Wants Authorization to Use Cash Collateral
FTS INT'L: S&P Hikes CCR to 'CCC+' on Notes Repurchase Transaction
GARY DEAN ROGERS: Bentwood Reserve Property Sale Approved
GREAT BASIN: Appoints BDO USA as New Accounting Firm
GROWER'S ORGANIC: Can Use Cash Collateral Until Aug. 15

HALL & SONS: Case Summary & 15 Unsecured Creditors
HI-TEMP: Wants Access to $14.7-Mil. DIP Facility From Wells Fargo
HOOVER WELL: U.S. Trustee Forms 2-Member Committee
HOVBROS PROPERTIES: Voluntary Chapter 11 Case Summary
HUGHES SATELLITE: Moody's Hikes Corporate Family Rating to B1

HUGHES SATELLITE: S&P Assigns 'BB-' Rating on Proposed Sr. Notes
ICAGEN INC: Closes Acquisition of Sanofi Arizona Research Facility
IMPERIAL METAL: Moody's Affirms Caa1 Corporate Family Rating
INNOVATIVE CONSTRUCTION: Court to Take Up Plan Outline on Aug. 12
JOSEPH OLADOKUN: Hearing on Plan & Outline to Be Held on Sept. 14

JOY-KAY INC: Exclusive Plan Filing Deadline Moved to Oct. 30
LEAP FORWARD: Selling Personal Property to IGT
LENNAR BUFFINGTON: Selling Property to RSI Communities for $16MM
LOUISIANA CRANE: Hires Heller Draper as Bankruptcy Counsel
M SPACE HOLDINGS: Court Issues Final Order Authorizing Cash Use

M. SANNUTI DEVELOPMENT: Voluntary Chapter 11 Case Summary
M2J2 LLC: Hires Nathan Horowitz as Attorney
MATT HORN: Pennsylvania Property Sale Approved
MC FLATBED: Exclusive Solicitation Period Extended to Aug. 15
MCELRATH LEGAL HOLDINGS: Taps Gary W. Short as Legal Counsel

MEDIMEDIA USA: Moody's Withdraws Caa1 Corporate Family Rating
MOUNT TAM: Resolves Default Under Buck Institute License Agreement
NANOSPHERE INC: Suspending Filing of Reports with SEC
NATIONAL CINEMEDIA: Interim Co-CFO Gets $50,000 Retention Bonus
NET DATA: Exclusive Plan Filing Deadline Moved to Aug. 1

NEW HORIZONS HEALTH: Owenton KY Property Sale Approved
NITRO PETROLEUM: Voluntary Chapter 11 Case Summary
NOVATION COMPANIES: Case Summary & 20 Top Unsecured Creditors
NOVATION COMPANIES: Files Chapter 11 Bankruptcy Petition
NOVATION COMPANIES: Seeks to Reject Two Unexpired Leases

OLIN VIRTUAL: Wants Plan Filing Period Extended to Nov. 17
OLLARD SQUARE: Voluntary Chapter 11 Case Summary
PEABODY ENERGY: Annual Report on 401(K) Plan Filed
PEABODY ENERGY: Annual Report on Employee Retirement Account Filed
PEABODY ENERGY: To Pay Taxes During Bankruptcy, Judge Rules

PHOENIX MANUFACTURING: Has Until Sept. 26 to Exclusively File Plan
PNCH ASSOCIATES: Hires Ciardi Ciardi as Counsel
PONYPIC LLC: Allowed to Use Cash Collateral on a Final Basis
PRATT WELL: Servicing Equipment Auction on Aug. 25
QUALITY DISTRIBUTION: S&P Revises Outlook to Neg. & Affirms B- CCR

QVL PHARMACY: U.S. Trustee Opposes Approval of Disclosure Statement
REBUS CORP: Court to Take Up Plan Outline on August 24
REED EQUIPMENT: US Trustee Fails to Appoint Creditors' Committee
REVLON ESCROW: Moody's Assigns B3 Rating to $400MM Unsecured Notes
RICHARD CORP: U.S. Trustee Unable to Appoint Creditors' Panel

RONALD COHEN: Court to Take Up Plan Outline on August 25
ROSEVILLE SENIOR: Court to Take Up Plan Outline on August 15
RYERSON HOLDING: 2nd Offering Has No Impact on Moody's B3 Rating
S DIAMOND STEEL: Taps Allan NewDelman as Counsel
SANDRIDGE ENERGY: Annual Report on 401(k) Plan Filed

SANDRIDGE ENERGY: To Issue $300M in Convertible Notes Due 2020
SAYEEH SHAMTOB: Plan Outline Okayed, Confirmation Hearing on Aug 23
SCIO DIAMOND: Director James Korn Resigns
SIDNEY TRANSPORTATION: Seeks Authorization to Use Cash Collateral
SINCLAIR TELEVISION: Moody's Assigns Ba1 to Term Loan A Facilities

SMALLVILLE PRESCHOOL: US Trustee Unable to Appoint Creditors' Panel
SPORTS AUTHORITY: Accelerates Store Closings Amid Bankruptcy
STAGE COACH: Judge Denies Bid to Approve Plan Outline
STELLAR BIOTECHNOLOGIES: Forms New Company Neostell in France
STEPHCRIS OF MISSOURI: Wants to Use MidWest Cash Collateral

SUNEDISON INC: Amendment No. 3 to DIP Financing Deal Filed
SUNEDISON INC: Looking to Sell Interests in Terraform Global
SYNCARDIA SYSTEMS: Taps Ankura Consulting to Provide CRO
SYNTAX-BRILLIAN: Bids to Remove Liquidation Trustee Denied
TATA CHEMICALS: S&P Affirms 'B+' CCR & Revises Outlook to Pos.

TRANS COASTAL: Wants Plan Filing Period Extended to Aug. 19
TRAVELPORT WORLDWIDE: Appoints Scott Forbes as a Non-Exec. Director
TRIANGLE USA: No Creditor's Committee Appointed
TTJ ENTERPRISES: Court to Take Up Plan Outline on Aug. 17
UNITED MOBILE: Case Summary & 20 Largest Unsecured Creditors

UNITED MOBILE: Files Ch.11 Petition to Facilitate Restructuring
VANTAGE SPECIALTIES: Moody's Affirms B2 Corporate Family Rating
VERSO PAPER: Moody's Assigns B1 CFR Following Ch. 11 Emergence
WASHINGTON MANAGEMENT: Court Prohibits Cash Collateral Use
WATERS EDGE: Case Summary & 4 Unsecured Creditors

WIRECO WORLDGROUP: Moody's Cuts Proposed 1st Lien Term Loan to B3
WPCS INTERNATIONAL: Iroquois Master, et al., Hold 9.9% Stake
WTE-S&S AG: Exclusive Plan Filing Period Extended to Nov. 30
[^] BOOK REVIEW: Competitive Strategy for Health Care Organizations

                            *********

1ST CHOICE COMPLIANCE: Ameris Bank Seeks to Prevent Cash Use
------------------------------------------------------------
Ameris Bank asks the U.S. Bankruptcy Court for the Middle District
of Georgia to prevent Debtor 1st Choice Compliance, Inc., from
using cash collateral, in the form of accounts receivables.

Ameris Bank tells the Court that it holds a claim against the
Debtor, Elizabeth Fleming and Gary Fleming in the amount of
$265,391.93, which is collateralized by, among other things, a
security interest in all accounts receivables.

Ameris Bank believes that the Debtor intends to use the accounts
receivables without providing Ameris Bank with adequate protection
of its security and interest in them.  Ameris Bank says that it
will not consent to the use of cash collateral unless the Debtor
provides it with adequate protection.  

A full-text copy of Ameris Bank's Motion, dated July 19, 2016, is
available at https://is.gd/lO6dKF

Ameris Bank is represented by:

          Christina L. Folsom, Esq.
          LANGDALE VALLOTTON, LLP
          P.O. Box 1547
          Valdosta, GA 31603-1547
          Telephone: (229)244-5400
          Email: tfolsom@langdalelaw.com

                About 1st Choice Compliance, Inc.

1st Choice Compliance, Inc. filed a Chapter 11 bankruptcy petition
(Bankr. M.D. Ga. Case No. 16-10731) on June 17, 2016. Kenneth
Revell, Esq, at Zalkin Revell, PLLC represents the Debtor as
counsel.  At the time of the filing, the Debtor disclosed $48,402
in assets and $1.31 million in liabilities.  The petition was
signed by Elizabeth Fleming, the Debtor's chief executive officer
and president.


ABENGOA BIOENERGY: Wants Plan Filing Deadline Moved to Dec. 6
-------------------------------------------------------------
Abengoa Bioenergy Biomass of Kansas, LLC, asks the U.S. Bankruptcy
Court for the District of Kansas to extend the exclusivity periods
within which to file and solicit acceptances of a plan of
reorganization by 120 days, from Aug. 8, 2016, and Oct. 5, 2016,
respectively, to Dec. 6, 2016, and Feb. 2, 2017, respectively.

In addition to overseeing the Debtor in this Chapter 11 case, the
Debtor's management is responsible for guiding dozens of the
Debtor's affiliates through their Chapter 11 cases in the District
of Delaware and in the Eastern District of Missouri, many of which
are facing similar issues in their respective cases.  At this
point, the Debtor is keeping all options on the table, including
seeking authority to sell its assets pursuant to Section 363 of the
U.S. Bankruptcy Code, restructuring its operations, or implementing
any combination thereof.

As the Debtor seeks to streamline its business, it has started to
review its executory contracts and may continue to seek to reject
some and assume others.  There is ongoing and stayed litigation
stemming from the Debtor's past operations.

Only after the marketing process has played out, and the Debtor
finalizes its strategic vision, will it be able to formulate a plan
of reorganization and provide its creditors and the Committee with
adequate financial information such that creditors may cast an
informed vote on such plan.  The Debtor is not yet in a position to
accurately evaluate the universe of claims against it, prepare a
reorganization plan, determine an appropriate post-reorganization
capital structure or prepare a disclosure statement containing
adequate information.  Accordingly, an extension of the Exclusivity
Periods is warranted.

The Debtor and its advisors have engaged in numerous meetings and
discussions with the Committee's advisors as well as certain other
constituencies.  Discussions with the Committee and other
interested parties in this Chapter 11 Case continue to be
productive and amicable.

The outcome of the marketing process and the amounts of resulting
bids is a major contingency that will significantly impact the
direction of these cases.  Only after the marketing process comes
to fruition, will the Debtor be in a position to pursue
confirmation of a consensual plan of reorganization.

The Debtor has been paying its undisputed postpetition debts as
they come due and expects to continue to be able to do so.

The Debtor's counsel can be reached at:

     ARMSTRONG TEASDALE LLP
     Christine L. Schlomann, Esq.
     Richard W. Engel, Jr., Esq.
     Erin M. Edelman, Esq.
     2345 Grand Boulevard, Suite 1500
     Kansas City, Missouri 64108
     Tel: (816) 472-3153
     Fax: (816) 221-0786
     E-mail: cschlomann@armstrongteasdale.com
             rengel@armstrongteasdale.com
             eedelman@armstrongteasdale.com

          -- and --

     Vincent P. Slusher, Esq.
     David E. Avraham, Esq.
     DLA Piper LLP (US)
     1717 Main Street, Suite 4600
     Dallas, Texas 75201-4629
     Tel: (214) 743-4500
     E-mail: vince.slusher@dlapiper.com
             david.avraham@dlapiper.com

     R. Craig Martin, Esq.
     Kaitlin M. Edelman, Esq.
     DLA Piper LLP (US)
     1201 North Market Street, Suite 2100
     Wilmington, Delaware 19801
     Tel: (302) 468-5700
     Fax: (302) 394-2341
     E-mail: craig.martin@dlapiper.com
             kaitlin.edelman@dlapiper.com

                About Abengoa Bioenergy

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

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

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

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

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

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


ACCESS GROUP: Fitch Affirms 'BBsf' Rating on Class II B Sub. Notes
------------------------------------------------------------------
Fitch Ratings has affirmed the ratings of the class II A-1 senior
notes at 'Asf' and the class II B subordinate notes at 'BBsf' for
the floating rate student loan asset-backed notes issued by Access
Group Inc., Series 2001 Indenture of Trust (Group II).  The Rating
Outlook is revised to Stable from Negative for both classes.

                        KEY RATING DRIVERS

Collateral Quality: The trust is collateralized by approximately
$63 million of private student loans as of May 2016.  The loans
were originated under Access Group's Private Student Loan Program.
The projected remaining defaults are expected to range between
4%-7% of the current pool balance.  A recovery rate of 25% was
applied, which was based on data provided by the issuer.

Credit Enhancement (CE): CE is provided by overcollateralization,
excess spread, and for the senior notes, subordination provided by
the class B notes.  As of the May 2016 distribution, the senior and
total parity ratios have increased to 115.17% and 105.41% from
113.14% and 103.55% a year ago, respectively.  Any excess cash in
the trust is applied as additional principal payment for the
mandatory redemption of the outstanding notes.

Adequate Liquidity Support: Liquidity support is provided by a
$300,000 capitalized interest account.

Servicing Capabilities: Day-to day servicing is provided by Xerox
Education Services.  Fitch believes their servicing operations are
acceptable servicer of private student loans at this time.

"Under the Counterparty Criteria for Structured Finance and Covered
Bonds", dated July 18, 2016, Fitch looks to its own ratings in
analyzing counterparty risk and assessing a counterparty's
creditworthiness.  The definition of permitted investments for this
deal allows possibility of using investments not rated by Fitch,
which represents a criteria variation.  Since the only available
funds to invest in are those held in the Collection Account, and
the funds can only be invested for a short duration of three months
given the payment frequency of the notes, Fitch doesn't believe
such variation has a measurable impact upon the ratings assigned.

                       RATING SENSITIVITIES

As Fitch's base case default proxy is derived primarily from
historical collateral performance, actual performance may differ
from the expected performance, resulting in higher loss levels than
the base case.  This will result in a decline in CE and remaining
loss coverage levels available to the bonds and may make certain
bond ratings susceptible to potential negative rating actions,
depending on the extent of the decline in coverage.  Fitch will
continue to monitor the performance of the trust.

DUE DILIGENCE USAGE

No third party due diligence was provided or reviewed in relation
to this rating action.

Fitch has affirmed these ratings:

Access Group, Inc. 2001 Indenture of Trust:

   -- Class II A-1 at 'Asf'; Outlook revised to Stable from
      Negative;
   -- Class B at 'BBsf'; Outlook revised to Stable from Negative.


ACE'S INDOOR: Wants to Use National Funding Cash Collateral
-----------------------------------------------------------
Ace's Indoor Shooting Range & Pro Gun Shop, Inc., asks the U.S.
Bankruptcy Court for the Southern District of Florida for
authorization to use the cash collateral of National Funding, Inc.

The Debtor contends that secured creditors TotalBank, the Debtor's
primary lender, and National Funding, Inc., a judgment lien
creditor, may assert an interest in the Debtor's cash.  The Debtor
further contends that it owes TotalBank approximately $128,000 and
National Funding, approximately $77,385.78.

The Court had previously authorized the Debtor to use TotalBank's
cash collateral in accordance with a monthly budget and directed
the Debtor to provide TotalBank with monthly adequate protection
payments in the amount of $533.

The Debtor contends that the value of its assets likely exceeds the
amount of TotalBank's asserted first lien and that National Funding
may be at least partially secured.  The Debtor further contends
that National Funding has consented to the Debtor's continued use
of its cash collateral.

The Debtor relates that National funding has agreed to the
following adequate protection:

     (a) the Debtor may continue operations in accordance with the
Budget subject to a 15% variance;

     (b) monthly interest-only payments to National Funding at the
rate of 5%, or $322.44; and

     (c) continuing and post-petition replacement liens on, and
security interests in, all property of the Debtor acquired or
generated after the Petition Date as to which National Funding may
have had liens and security interests prior to the Petition Date,
in the same extent, validity, and priority as existed prior to the
Petition Date.

The Debtor's proposed monthly Budget provides for total operating
expenses in the amount of $68,689.

The Debtor tells the Court that any interruption in the use of cash
and operations will result in immediate and substantial harm to its
business and could jeopardize a successful restructuring.

A full-text copy of the Motion, dated July 19, 2016, is available
at https://is.gd/3nJDu3

The lenders can be reached at:

          Total Bank
          9690 NW 41st Street
          Miami, FL 33178
          E-mail: mjimenez@totalbank.com

          TotalBank & AISOA
          2720 Coral Way
          Miami, FL 33145

          National Funding, Inc.
          9820 Town Centre Drive, Suite 200
          San Diego, CA 92121

National Funding, Inc. is represented by:

          Neal Salisian, Esq.
          SALISIAN LEE LLP
          550 South Hope Street, Suite 750
          Los Angeles, CA 90071
          Telephone: (213)622-9100

      About Ace's Indoor Shooting Range & Pro Gun Shop, Inc.       
   

Ace's Indoor Shooting Range & Pro Gun Shop, Inc. filed a chapter 11
petition (Bankr. S.D. Fla. Case No. 16-15918) on April 25, 2016.
The petition was signed by George de Pina, president. The Debtor is
represented by Jacqueline Calderin, Esq., at Ehrenstein Charbonneau
Calderin. The case is assigned to Judge Robert A. Mark.  The Debtor
estimated assets of $0 to $50,000 and debts of $1 million to $10
million at the time of the chapter 11 filing.  


ACTIVECARE INC: Files Form S-1 Prospectus with SEC
--------------------------------------------------
ActiveCare, Inc., filed with the Securities and Exchange Commission
a Form S-1 registration statement relating to the offering of ____
shares of the Company's common stock, $0.00001 par value per share,
and warrants to purchase ______shares of the Company's common stock
at a public offering price of $____ per share and $0.01 per
warrant.  The warrants are exercisable immediately, have an
exercise price of $___ per share and expire five years from the
date of issuance.

The Company's common stock is presently quoted on the OTCQB under
the symbol "ACAR".  The Company intends to apply to have its common
stock and warrants listed on The NASDAQ Capital Market under the
symbols "ACAR" and "ACARW," respectively.  No assurance can be
given that its application will be approved.  On July 18, 2016, the
last reported sale price for the Company's common stock on the
OTCQB was $0.0489 per share.  There is no established public
trading market for the warrants.  No assurance can be given that a
trading market will develop for the warrants.

A full-text copy of the preliminary prospectus is available at:

                   https://is.gd/dfj58j

                     About ActiveCare

South West Valley City, Utah-based ActiveCare, Inc., develops and
markets products for monitoring the health of and providing
assistance to mobile and homebound seniors and the chronically
ill.

ActiveCare is organized into three business.  The Stains and
Reagents segment is engaged in the business of manufacturing and
marketing medical diagnostic stains, solutions and related
equipment to hospitals and medical testing labs.  The CareServices
segment is engaged in the business of developing, distributing and
marketing mobile health monitoring and concierge services to
distributors and customers.  The Chronic Illness Monitoring segment
is primarily engaged in the monitoring of diabetic patients on a
real time basis.

ActiveCare reported a net loss of $12.8 million on $6.59 million of
chronic illness monitoring revenues for the year ended Sept. 30,
2015, compared with a net loss of $16.4 million on $6.10 million of
chronic illness monitoring revenues for the year ended Sept. 30,
2014.

As of March 31, 2016, ActiveCare had $2.15 million in total assets,
$25.6 million in total liabilities, and a stockholders' deficit of
$23.5 million.

Tanner LLC, in Salt Lake City, Utah, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Sept. 30, 2015, citing that the Company has recurring losses,
negative cash flows from operating activities, negative working
capital, negative total equity, and certain debt that is in
default.  These conditions, among others, raise substantial doubt
about its ability to continue as a going concern.


ALLIANCE FOOD SERVICES: Taps Ferguson Hayes as Legal Counsel
------------------------------------------------------------
Alliance Food Services Inc. seeks approval from the U.S. Bankruptcy
Court for the Middle District of North Carolina to hire Ferguson,
Hayes, Hawkins and DeMay, PLLC.

The firm will serve as the Debtor's legal counsel in connection
with its Chapter 11 case.  The services to be provided by Ferguson
include conducting examination, assisting the Debtor in formulating
a plan of reorganization, and examining public mortgage records.

Brian Hayes, Esq., at Ferguson, disclosed in a court filing that
the firm does not represent any interest adverse to the Debtor or
its estate.

The firm can be reached through:

     Brian P. Hayes, Esq.
     Ferguson, Hayes, Hawkins and DeMay, PLLC
     45 Church Street South
     P.O. Box 444
     Concord, North Carolina 28026-0444
     Phone: (704) 788-3211

                  About Alliance Food Services

Alliance Food Services Inc. sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. M. D. N.C. Case No. 16-50713) on July
14, 2016.


ALLY FINANCIAL: Announces $700M Stock Repurchase Program
--------------------------------------------------------
The board of directors of Ally Financial Inc. declared a quarterly
cash dividend of $0.08 per share of the company's common stock,
payable on Aug. 15, 2016, to shareholders of record at the close of
business on Aug. 1, 2016.  Additionally, the board authorized a
common stock repurchase program of up to $700 million beginning in
the third quarter of 2016 and continuing through the second quarter
of 2017.

The quarterly cash dividend and common stock repurchase program
were included in Ally's capital plan under the 2016 Comprehensive
Capital Analysis and Review (CCAR), which received a non-objection
from the Federal Reserve Board that was announced on June 29, 2016.
Shares acquired under the common stock repurchase program will be
used for general corporate purposes and may be available for
resale, including in connection with the company's compensation and
employee-benefit plans.  The company may acquire shares from time
to time through open market purchases or privately negotiated
transactions, including through a Rule 10b5-1 plan, at the
discretion of the company's management and on terms (including
quantity, timing, and price) that the company's management
determines to be necessary, appropriate, or advisable.

                     About Ally Financial

Ally Financial Inc., formerly GMAC Inc. -- http://www.ally.com/--
is one of the world's largest automotive financial services
companies.  The Company offers a full suite of automotive
financing products and services in key markets around the world.
Ally's other business units include mortgage operations and
commercial finance, and the company's subsidiary, Ally Bank,
offers online retail banking products.  Ally operates as a bank
holding company.

GMAC obtained a $17 billion bailout from the U.S. government in
exchange for a 56.3 percent stake.  Private equity firm Cerberus
Capital Management LP keeps 14.9 percent, while General Motors Co.
owns 6.7 percent.

Ally reported net income of $1.28 billion on $4.86 billion of total
net revenue for the year ended Dec. 31, 2015, compared to net
income of $1.15 billion on $4.65 billion of total net revenue for
the year ended Dec. 31, 2014.  As of Dec. 31, 2015, the Company had
$158.58 billion in total assets, $145.14 billion in total
liabilities and $13.43 billion in total equity.

                           *     *     *

As reported by the TCR on Dec. 16, 2013, Standard & Poor's Ratings
Services said it raised its issuer credit rating on Ally Financial
Inc. to 'BB' from 'B+'.  "The upgrade reflects the company's
release from potential legal and financial liabilities stemming
from its ownership of ResCap," said Standard & Poor's credit
analyst Tom Connell.

In the April 3, 2014, edition of the TCR, Fitch Ratings has
upgraded Ally Financial Inc.'s long-term Issuer Default Rating
(IDR) and senior unsecured debt rating to 'BB+' from 'BB'.
The rating upgrade reflects increased clarity around Ally's
ownership structure given Ally's recent announcement that it has
launched an initial public offering those shares of its common
stock held by the U.S. Treasury (the Treasury).

As reported by the TCR on July 16, 2014, Moody's Investors Service
affirmed the 'Ba3' corporate family and 'B1' senior unsecured
ratings of Ally Financial, Inc. and revised the outlook for the
ratings to positive from stable.  Moody's affirmed Ally's ratings
and revised its rating outlook to positive based on the company's
progress toward sustained improvements in profitability and
repayment of government assistance received during the financial
crisis.


AMERICAN COMMERCE: Two Directors Quit from Board
------------------------------------------------
William Stamps and Harry Willner resigned from the board of
directors of American Commerce Solutions, Inc., on June 30, 2016,
as disclosed in a regulatory filing with the Securities and
Exchange Commission.

                   About American Commerce

American Commerce Solutions, Inc., headquartered in Bartow,
Florida, is primarily a holding company with one wholly owned
subsidiary; International Machine and Welding, Inc., is engaged in
the machining and fabrication of parts used in heavy industry, and
parts sales and service for heavy construction equipment.

American Commerce reported a net loss of $245,000 on $2.05 million
of net sales for the year ended Feb. 29, 2016, compared to a net
loss of $185,000 on $2.23 million of net sales for the year ended
Feb. 28, 2015.  As of Feb. 29, 2016, American Commerce had $4.75
million in total assets, $3.27 million in total liabilities, and
$1.48 million in total stockholders' equity.

Stevenson & Company CPAS LLC, in Tampa, Florida, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Feb. 29, 2016, citing that the Company has recurring
losses resulting in an accumulated deficit and is in default on
several notes payable.  These conditions raise substantial doubt
about the Company's ability to continue as a going concern.


AMW MACHINE: Files Corrected Motion for Exclusive Periods Extension
-------------------------------------------------------------------
AMW Machine Control, Inc., filed with the U.S. Bankruptcy Court for
the Western District of Michigan a corrected motion for the
extension of the exclusive periods to file and obtain confirmation
of a Chapter 11 plan until Dec. 15, 2016, and Jan. 30, 2017,
respectively.

As reported by the Troubled Company Reporter on July 20, 2016, the
original 120-day exclusive period for Debtors to file a Chapter 11
plan will expire on Aug. 17, 2016, and the original 180-day
exclusive time period for the Debtor to solicit votes on any plan
will expire on Oct. 16, 2016.

In the corrected motion, the Debtor says that the original 180-day
exclusive period for Debtor to file a Chapter 11 plan will expire
on Oct. 14, 2016.

The cause, in part, for filing the Chapter 11 proceeding was the
civil proceeding with Geologic Computer Systems, Inc.

Prior to filing the Chapter 11 proceeding, there was a civil
proceeding pending in the Eastern District, Geologic Computer
Systems, Inc. v. John MacLean et al., Case No. 2:10-cv-
13569-AJT-RSW.  The Debtor was a defendant.  The Debtor needs
additional time to evaluate and resolve issues surrounding
Geologic's claim.

The Debtor requires additional time to formulate and file a plan.
Since the April 19, 2016 petition date, the Debtor has been seeking
resolution of Geologic's claim.

Bankruptcy proceedings have also been filed by three co-defendants
in three different jurisdictions related to Geologic's claim.  The
other bankruptcy proceedings impact Debtor's potential plan.

The Debtor intends shortly to file a motion to establish a claims
bar date.  Evaluating Geologic's claim is instrumental to proposing
a feasible plan.

The Debtor's counsel can be reached at:

     KELLER & ALMASSIAN, PLC,
     A. Todd Almassian, Esq.
     230 East Fulton
     Grand Rapids, MI 49503
     Tel: (616) 364-2100
     E-mail: ecf@kalawgr.com

AMW Machine Control, Inc., based in Saranac, Michigan, filed for
Chapter 11 bankruptcy (Bankr. W.D. Mich. Case No. 16-02157) on
April 19, 2016.  Hon. John T. Gregg presides over the case.  Todd
A. Almassian, Esq., at Keller & Almassian, PLC, serves as the
Debtor's counsel.  In its petition, the Debtor estimated under
$50,000 in assets and $1 million to $10 million in liabilities.
The petition was signed by Mark A. Williams, president.


ANSWERS CORP: S&P Lowers CCR to 'CCC', Outlook Negative
-------------------------------------------------------
S&P Global Ratings said it lowered its corporate credit rating on
St. Louis, Mo.-based Answers Corp. to 'CCC' from 'CCC+'.  The
outlook is negative.

At the same time, S&P lowered its issue-level ratings on the
company's $40 million revolver due 2019 and $325 million first-lien
term loan due 2021 to 'CCC' from 'CCC+'.  The '3' recovery rating
on this facility indicates S&P's expectation for meaningful (50% to
70%; at the lower end of the range) recovery in the event of a
payment default.  S&P also lowered its issue-level rating on the
company's $180 million second-lien term loan due 2022 to 'CC' from
'CCC-'.  The '6' recovery rating on this facility indicates S&P's
expectation for negligible (0% to 10%) recovery in the event of
default.

"The downgrade reflects our expectation of worsening credit metrics
through the end of 2016, primarily because of weakness in the
company's promoted content business, Answers.com," said S&P Global
Ratings credit analyst Kenneth Fleming.

Answers Corp. operates in two business lines: Answer Cloud Services
(ACS), which was built through a number of acquisitions over the
past four years and offers content management and data analytic
services for brands and online retailers; and Answers.com, which
generates revenue through advertising.

The negative outlook reflects continued declines in the Answers.com
business, which will continue to pressure EBITDA and result in
liquidity concerns such that the likelihood of default is increased
over the coming year.

S&P could lower the rating if continued deterioration in the
business leads S&P to determine that a default within six months is
inevitable or if the company defaults on its debt obligations.

S&P could raise the rating if the company can improve its liquidity
position through an additional equity investment, a meaningful
improvement in operations and cash flow, or keeping the cushion on
the springing revolver test above 10%.


APTOS INC: Moody's Affirms B3 Corporate Family Rating
-----------------------------------------------------
Moody's Investors Service affirmed Aptos, Inc.'s B3 corporate
family rating and revised the ratings outlook to positive from
stable. Moody's also assigned a B3 rating to the company's proposed
first lien term loan. The proposed debt will be used to refinance
existing debt and fund an acquisition. The positive outlook
reflects Aptos's successful transition to a stand-alone company
after being spun out of Epicor Software Corporation in June 2015
and the potential that leverage will trend below 5x and free cash
flow to debt will trend to greater than 8% post-closing the
acquisition. The company is acquisitive however and additional
large debt financed acquisitions could delay deleveraging and an
upgrade.

RATINGS RATIONALE

The B3 rating is driven by Aptos's small scale, high leverage and
acquisition appetite. The ratings also consider the company's
strong niche position as a provider of software to mid-market
specialty retailers. Moody's estimates Aptos's leverage
approximately 5.6x as of the twelve month period ending March 31,
2016 pro forma for the acquisition (and under 5x if full credit is
given for certain one-time costs and expected cost synergies). The
company's small scale is offset somewhat by the company's leading
positions as a provider of retail solutions software including
retail point of sale software and hardware solutions. It competes
in these markets against larger players, Oracle Micros, Manhattan
Associates, and JDA. Aptos's portfolio of solutions were further
bolstered by the fiscal year 2015 acquisitions of Quantisense and
Shopvisible, which provide order management, ecommerce and data
analysis tools for specialty retailers. The ratings also reflect
the risk of potential disruptions from headwinds in the retail
industry.

Given Aptos's small size and unusually high proportion of hardware
and professional service revenues, upgrade leverage hurdles are
tighter than other B3 rated enterprise software companies. The
ratings could be upgraded if leverage is expected to remain
consistently under 5.5x and free cash flow to debt greater than 7%.
Ratings could be downgraded if leverage exceeds 7x or free cash
flow to debt is negative.

Liquidity is good based on a projected $17 million of cash on the
balance sheet at the close of the transaction, access to a $15
million revolving credit facility (expected to be undrawn at
closing) and expectations of positive free cash flow

Affirmations:

Issuer: Aptos, Inc.

-- Corporate Family Rating, Affirmed B3

Assignments:

Issuer: Aptos, Inc.

-- Senior Secured Bank Credit Facility (Local Currency) Assigned
    B3, LGD4, 54%

Outlook Actions:

Issuer: Aptos, Inc.

-- Outlook, Changed To Positive From Stable

Upgrades:

Issuer: Aptos, Inc.

--  Probability of Default Rating, Upgraded to B3-PD from Caa1-PD

Aptos, Inc. (formerly Retail Solutions Group, Inc. or Epicor RSG )
is a leading provider of retail software solutions including point
of sale software for mid-market retailers. RSG is owned by private
equity group Apax Partners. Prior to 2015, Aptos was a business
unit of Epicor Software Corporation.


ARCHDIOCESE OF ST. PAUL: Admits Wrongdoing in Abuse Coverup
-----------------------------------------------------------
Tom Corrigan, writing for The Wall Street Journal Pro Bankruptcy,
reported that criminal prosecutors in Minnesota won a rare
admission of wrongdoing from the Archdiocese of St. Paul and
Minneapolis, which conceded it protected a priest who was later
convicted of sexually abusing children.

"We failed," Archbishop Bernard Hebda said on July 20, the report
related.  "Those children, their parents, their family, their
parish and others were harmed. We are sorry. I am sorry."

According to the report, the admission is a victory for prosecutors
and for clergy abuse victims who have long pressed for a mea culpa
from the archdiocese.  Acknowledgment of wrongdoing was absent when
the archdiocese settled related civil charges last year, the report
related.

"Today that missing piece has been provided by the archdiocese,"
Ramsey County Attorney John Choi told the Journal, calling the
admission "a solemn moment for our community."

The report said the deal announced on July 20 resolves criminal
charges against the archdiocese alleging it failed to take actions
to safeguard children well after U.S. bishops instituted a new,
strict abuse policy in 2002. As part of the deal, the archdiocese
acknowledged that it failed to adequately respond to and prevent
the abuse of three children, and that it put its own interests and
the interests of an abusive priest, Curtis Wehmeyer, ahead of the
safety of those children, the report related.

Mr. Wehmeyer was arrested in 2012 and charged with multiple
felonies, the report said.  He pleaded guilty and was given a
60-month prison sentence for three felony counts of criminal sexual
conduct with a minor and 17 felony counts of possession of child
pornography, the report added.

               About the Archdiocese of Saint Paul
                        and Minneapolis

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

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

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

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

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

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


ARMADA WATER: U.S. Trustee Unable to Appoint Creditor's Committee
-----------------------------------------------------------------
Judy A. Robbins, the U.S. Trustee for the Southern District of
Texas, tells the Court that she was unable to appoint a creditor's
committee in the Chapter 11 case of Armada Water Assets, Inc. and
its affiliates due to insufficient number of unsecured creditors
appeared at the first meeting of creditors to form a creditors'
committee.

The U.S. Trustee has attempted to solicit creditors interested in
serving on a creditors' committee from the list of creditors
holding the twenty largest unsecured claims.  After excluding
governmental units, secured creditors and insiders, the U.S.
Trustee has been unable to solicit sufficient interest to form a
creditors' committee.

                       About Armada Water Assets

Armada Water Assets, Inc. and its affiliates sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Texas Lead
Case No. 16-60056) on May 23, 2016.  The petition was signed by Tom
Breen, chief restructuring officer.

The cases are pending joint administration before Judge David R.
Jones under proposed Lead Case No. 16-60056.

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


BELDEN INC: Moody's Affirms Ba2 Corporate Family Rating
-------------------------------------------------------
Moody's Investors Service changed Belden Inc.'s ratings outlook to
stable from negative and affirmed the company's Ba2 corporate
family rating. Moody's also affirmed the company's Ba2-PD
probability of default rating, Baa3 senior secured bank credit
facility rating, Ba3 senior subordinated ratings and upgraded the
speculative grade liquidity rating to SGL-1 from SGL-2.

The outlook change to stable reflects the steadying performance of
some of the company's key end-markets (broadcasting and enterprise,
in particular) and the expectations of improved profitability and
cash flow over the next 12 to 18 months, resulting from recently
completed cost reduction activities. The stable outlook also
reflects the company's plans to issue preferred stock. The proceeds
of the issuance are expected to be used for general corporate
purposes, including potential acquisitions or capital expenditures.
This issuance is credit enhancing as the additional capital will
improve liquidity in the short term and may be used to purchase
productive assets.

RATINGS RATIONALE

Moody's said, "The Ba2 CFR reflects Belden's leading positions
within segments of the enterprise, broadcast, industrial cabling,
connectivity and networking product markets, which can produce
solid operating margins and good free cash flow. The ratings are
tempered by Belden's high leverage and acquisition appetite. Debt
to EBITDA (over 4.5x based on LTM July 3, 2016 results) is high
compared to other Ba rated manufacturing peers of similar size.
Though Belden's pursuit of growth through business acquisitions has
contributed to increased leverage over time, it has also resulted
in more diversified sources of revenue as compared to the original
cabling business and expanded its number of higher margin
businesses lines, as well as substantially increasing its scale.
Belden is cyclical however and the impact on revenues, EBITDA and
leverage can be magnified during economic downturns. We expect that
management will trim costs and curtail acquisition and share
repurchase activity in the face of an economic downturn."

The ratings could be upgraded if EBITDA improves such that leverage
is sustained below 4x while maintaining very strong cash balances.
The ratings could be downgraded if performance deteriorates from
negative economic conditions or market share losses, or if leverage
exceeds 4.75x (excluding certain one-time costs) on other than a
temporary basis. The ratings could also be downgraded if the
company pursues large debt-financed acquisitions that present
integration challenges.

Liquidity as reflected in the SGL-1 speculative grade liquidity
rating is very good based on the expectation of cash balances in
excess of $600 million (pro forma for the issuance of mandatorily
convertible preferred equity), access to a $400 million revolving
credit facility (undrawn as of July 3, 2016) and expectations of
continued strong free cash flow.

Outlook Actions:

--  Issuer: Belden Inc.

--  Outlook, Changed to Stable From Negative

Affirmations:

-- Issuer: Belden Inc.

-- Corporate Family Rating, Affirmed Ba2

-- Probability of Default Rating, Affirmed Ba2-PD

-- Senior Subordinated Regular Bond/Debentures, Affirmed Ba3
    (LGD4)

-- Senior Secured Bank Credit Facility, Affirmed Baa3 (LGD2)

Upgrades:

-- Issuer: Belden Inc.

-- Speculative Grade Liquidity Rating, Upgraded to SGL-1 from
    SGL-2

Belden Inc. is a leading designer and manufacturer of connectivity
and signal transmission products for the global network
communication and specialty electronic marketplaces. Belden
generated revenues of $2.3 billion in the last twelve months ended
July 3, 2016. The company is headquartered in St. Louis, Missouri.


BELDEN INC: S&P Revises Outlook to Stable & Affirms 'BB' CCR
------------------------------------------------------------
S&P Global Ratings revised the outlook to stable from negative and
affirmed its 'BB' corporate credit rating on St. Louis-based Belden
Inc.

At the same time, S&P assigned a 'B' issue-level rating to the
company's proposed $450 million preferred equity, mandatorily
convertible in 2019.  S&P did not assign a recovery rating.

"The outlook revision reflects our view that leverage is likely to
fall below 4x over the next 12 months, due to cost reductions,
management's commitment to achieve net leverage of 3x or lower in
2016, and its proposed convertible preferred equity issuance," said
S&P Global Ratings credit analyst Christian Frank.


BLACK CANYON: US Trustee Unable to Appoint Creditors' Committee
---------------------------------------------------------------
The U.S. Trustee informs the U.S. Bankruptcy Court for the Western
District of Washington that a committee of unsecured creditors has
not been appointed in the Chapter 11 case of Black Canyon
Acquisitions, LLC, due to insufficient response to the U.S. Trustee
communication/contact for service on the committee.

Black Canyon Acquisitions, LLC, filed for Chapter 11 bankruptcy
protection (Bankr. W.D. Wash. Case No. 16-42228) on May 24, 2016.
Patrick H Brick, Esq., at Pike Tower Building serves as the
Debtor's bankruptcy counsel.


BRAHMIN MERCHANDISING: No Creditors' Committee Appointed
--------------------------------------------------------
The U.S. Trustee informs the U.S. Bankruptcy Court for the Middle
District of Tennessee that a committee of unsecured creditors has
not been appointed in the Chapter 11 case of Brahmin Merchandising,
Inc., due to insufficient response to the U.S. Trustee
communication/contact for service on the committee.

Brahmin Merchandising, Inc., filed for Chapter 11 bankruptcy
protection (Bankr. M.D. Tenn. Case No. 16-03746) on May 24, 2016.
Steven L. Lefkovitz, Esq., at the Law Offices Lefkovitz & Lefkovitz
serves as as the Ddebtor's bankruptcy counsel.


BRANDON DORTCH: Exclusive Plan Filing Deadline Moved to Sept. 20
----------------------------------------------------------------
The Hon. Henry A. Callaway of the U.S. Bankruptcy Court for the
Southern District of Alabama has extended, at the behest of Brandon
Dortch Farms, LLC, the exclusive period to file a plan of
reorganization to Sept. 20, 2016.

As reported by the Troubled Company Reporter on June 14, 2016, the
Debtor needs additional time to project and evaluate its financial
situation, negotiate with its creditor classes, and formulate a
plan of reorganization.  An extension of the exclusivity period
will allow the time necessary to conduct this analysis and
formulate a plan.

Headquartered in Bay Minette, Alabama, Brandon Dortch Farms, LLC,
filed for Chapter 11 bankruptcy protection (Bankr. S.D. Ala. Case
No. 15-03885) on Nov. 25, 2015, listing $4.55 million in total
assets and $8.23 million in total liabilities.  The petition was
signed by Timothy Brandon Dortch, managing member.

Judge Henry A. Callaway presides over the case.

Lawrence B. Voit, Esq., at Silver, Voit & Thompson P.C. serves as
the Debtor's bankruptcy counsel.


C&J ENERGY: Case Summary & 30 Largest Unsecured Creditors
---------------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

       Debtor                                      Case No.
       ------                                      --------
       CJ Holding Co.                              16-33590
       3990 Rogerdale Road
       Houston, TX 77042

       Blue Ribbon Technology Inc.                 16-33591

       C&J Corporate Services (Bermuda) Ltd.       16-33593

       C&J Energy Services Ltd.                    16-33595

       C&J Energy Services, Inc.                   16-33596

       C&J Energy Production Services-Canada Ltd.  16-33597

       C&J Spec-Rent Services, Inc.                16-33598

       C&J VLC, LLC                                16-33599

       C&J Wells Services Inc.                     16-33601

       ESP Completion Technologies LLC             16-33602

       KVS Transportation, Inc.                    16-33603

       Mobile Data Technologies Ltd.               16-33604

       Tellus Oilfield Inc.                        16-33605

       Tiger Cased Hole Services Inc.              16-33606

       Total E&S, Inc.                             16-33607

Type of Business: C&J Energy Services Ltd. provides completion and

                  production services in North America.  The
                  company provides a range of well construction,
                  well completions, well support and other
                  complementary oilfield services to oil and gas
                  exploration and production companies primarily  
                  in North America.

Chapter 11 Petition Date: July 20, 2016

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

Judge: Hon. David R Jones

Debtors' Counsel: Stephen Thomas Schwarzbach Jr., Esq.
                  KIRKLAND & ELLIS LLP
                  KIRKLAND & ELLIS INTERNATIONAL LLP
                  600 Travis Street, Suite 3300
                  Houston, Texas 77002
                  Tel: (713) 835-3600
                  Fax: (713) 835-3601
                  Email: steve.schwarzbach@kirkland.com

                    - and -

                  James H.M. Sprayregen, P.C.
                  Marc Kieselstein, P.C.
                  Chad J. Husnick, Esq.
                  Emily E. Geier, Esq.
                  KIRKLAND & ELLIS LLP
                  KIRKLAND & ELLIS INTERNATIONAL LLP
                  300 North LaSalle
                  Chicago, Illinois 60654
                  Tel: (312) 862-2000
                  Fax: (312) 862-2200
                  E-mail: james.sprayregen@kirkland.com
                          marc.kieselstein@kirkland.com
                          chad.husnick@kirkland.com
                          emily.geier@kirkland.com

                    - and -

                  Bernard Given, Esq.  
                  Lance Jurich, Esq.
                  LOEB & LOEB LLP
                  10100 Santa Monica Boulevard
                  Suite 2200
                  Los Angeles, California 90067
                  Tel: (310) 282-2000
                  Fax: (310) 282-2200
                  E-mail: bgiven@loeb.com
                          ljurich@loeb.com

Debtors'          
Special
Corporate
and Tax
Counsel:          FRIED, FRANK, HARRIS, SHRIVER & JACOBSON LLP

Debtors'          
Financial
Advisor:          EVERCORE

Debtors'          
Restructuring
Advisor:          ALIXPARTNERS

Information       
Officer for
Canadian
Proceedings:      ERNST & YOUNG INC.

Debtors'
Claims,   
Noticing
and Balloting
Agent:            DONLIN, RECANO & COMPANY, INC.
                  Re: CJ Holding Co., et al.
                  P.O. Box 199040
                  Blythebourne Station
                  Brooklyn, NY 11219
                  Toll Free: (866) 296-8019
                  Fax: (212) 481-1416
                  E-mail: cjenergyinfo@donlinrecano.com

Estimated Assets: $500 million to $1 billion

Estimated Debts: $1 billion to $10 billion

The petition was signed by Danielle Hunter, general counsel.

List of Debtors' 30 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Capgemini                             Consulting       $2,678,304
400 Broadacres Drive, Suite 410        Services    
Bloomfield, NJ 07003                  
Tel: 1 (973) 337-2700
Fax: 1 (973) 337-2701E
Email: HTTPS://www.capgemini.com

Unimin Corporation                   Trade Vendor      $1,585,042
258 Elm Street
New Cannan, CT 06740
Tel: 1 (203) 966-8880
Fax: 1 (203) 966-3453
Email: Alamm@unimin.com

Gardner Denver, Inc.                 Trade Vendor      $1,229,057
222 E Erie St. Ste 500
Milwaukee, WI 53202
Tel: 1(414) 212-4700
Fax: (414) 212-4725
Email: HTTP://www.gardnerdenver.com

SAP America Inc.                      Consulting       $1,173,003
3999 West Chester Pike                  Services
Newtown Square, PA 19073
Tel: (610) 661-1000
Fax: (610) 661-4016
Email: mary.hanns@sap.com

Cesi Chemical A Flotek Company       Trade Vendor        $994,005
1004 Plainsman Rd.
Marlow, OK 73055
Tel: 1 (580) 658-6608
Fax: 1 (580) 658-3223
Email: cesi_orders@flotekind.com

GEO Dynamics, Inc.                   Trade Vendor         $626,960
10400 West Interstate 20
Millsap, TX 76066
Tel: 1 (817) 341-5328
Fax: 1 (817) 210-6000
Email: joahnna.low@perf.com

Global Tubing, LLC                   Trade Vendor         $606,129
501 County Road 493
Dayton, TX 77535-2139
Tel: 1 (713) 265-5000
Fax: 1 (713) 265-5099
Email: HTTP://www.global-tubing.com

Success Factors Inc.                  Consulting          $591,718
1 Tower Place, Suite 1100               Services
South San Francisco, CA 94080
Tel: 1(800) 845-0395
Fax: 1(650) 645-2099
Email: HTTP://www.successfactors.com

Dial Lubricants Inc.                 Trade Vendor         $536,952
1839 Ryan Rd
Dallas, TX 75220
Tel: 1(972) 501-0266
Fax: 1(972) 501-0265
Email: lizet@diallubricants.com

McGriff, Seibels, & Williams,          Insurance          $533,759
Inc.                                     Broker
2211 7th Avenue South
Birmingham, AL 35233
Tel: 1(205) 252-9871
Fax: 1(205) 581-9293
Email: RDrew@mcgriff.com

FMC Technologies                       Trade Vendor       $528,481
2825 West Washington
Stephenville, TX 76401
Tel: 1(800) 772-8582
Fax: 1(254) 968-5709
Email: InvestorRelations@fmcti.com

Owen Oil Tools Inc.                    Trade Vendor       $485,972
8900 Forum Way
Forth Worth, TX 76140
Tel: 1(817)551-0540
Fax: 1(817)551-0795
Email: www.corelab.com

Howard Supply Company                  Trade Vendor       $478,723
13958 W Front St.
Williston, ND 58801
Tel: 1(701) 774-8361
Fax: 1(701) 774-0101
Email: Mhughes@howard-supply.com

Specialty Welding & Machine            Trade Vendor       $443,032
2225 W. Alcock
Pampa, TX 79065
Tel: 1(877) 665-8747
Fax: 1(806) 665-0358
Email: HTTP://www.swmtx.com

National Oilwell Varco LP              Trade Vendor       $405,764
16211 Air Center Blvd
Houston, TX 77032
Tel: 1(281) 209-8558
Email: www.nov.com

Native Oilfield Services LLC           Trade Vendor       $365,092
Darcy Street
Ft. Worth, TX 76185
Tel: 1(817) 783-3636
Fax: 1(817) 783-3890
Email: Sduran@nativeoilfield.com


SNF Inc.                               Trade Vendor       $314,600
1 Chemical Plant Road
Ricebro, GA 31323
Tel: (912) 880-8071
Fax: (912) 850-8034
Email: marketing@snfhc.com

Dustin Moore and Dirk Hien,            Litigation         $310,000
individually and on behalf of all
others similarly situated v. C&J
Energy Services, Inc. and C&J Spec-
Rent Services, Inc.
Michael A. Josephson
Fibich Leebron Copeland Briggs &
Josephson
1150 Bissonnet
Houston, Texas 77005
Tel: (713) 751-0025
and
Rex J. Burch
Bruckner Burch, PLLC
8 Greenway Plaza, Suite 1500
Houston, Texas 77046
(713) 877-8788
Tel: 1 (713) 751-0025 and
     1 (713) 877-8788

Aquaserv, Inc.                        Trade Vendor        $292,048
61 Keel Avenue
Memphis, TN 38107
Tel: 1(901) 359-5606
Email: HTTP://www.aquaserinc.com

Gulf Coast Repair and Machine         Trade Vendor        $272,506
Shop, Inc.
6802 Leopard Street
Corpus Christi, TX 78409
Tel: 1(361) 289-1273
Fax: 1(361) 289-0989
Email: GCM@gulfcoastrepair.com

TBC-Brinadd LLC                       Trade Vendor        $261,502
4800 San Felipe St.
Houston, TX 77056-3908
Tel: 1(713) 775-4516
Email: tbc-brinadd.com

Lafarge                               Trade Vendor        $261,060
1601 Charities Valley Lane
Pittsburgh, PA 15205
Tel: (724) 277-0112
Fax: (724) 277-0112
Email: http://www.lafarge-na.com

National Oilwell Varco LP             Trade Vendor        $251,003
4554 Kennedy Commerce Drive
Houston, TX 77032
Tel: 1(562) 424-0751
Fax: (713) 375-3994
Email: Dianna.batiste.nov.com

Hunting Titan, Inc.                   Trade Vendor        $250,127
11785 Hwy 152
Pampa, TX 79065
Tel: 1(806) 665-3781
Fax: (806) 665-8882
Email: Doug.cates@hunting-intl.com

ADP, Inc.                                Payroll          $236,819
Email:                                  Services
http://www.adp.com/solutions.aspx

Brady Trucking Inc.                   Trade Vendor        $228,543
Email: lwhite@bradytruckinginc.com

C.W. Industries Inc.                  Trade Vendor        $208,258
Email: www.cwindustries.us

French Ellison Truck Center LLC       Trade Vendor        $206,681
Email: HTTPS://www.csmtruck.com/
       companies/french-ellison-
       truck-center/

1st Choice Energy Services           Utility Vendor       $206,608
Email: rklemm@agland.coop

Stewart & Stevenson                   Trade Vendor    Unliquidated
Manufacturing Technologies LLC
Email: m.hengst@sss.com


C&J ENERGY: Expects Bankruptcy Exit in 130 to 180 Days
------------------------------------------------------
C&J Energy Services Ltd. on July 20, 2016, disclosed that it has
commenced cases for a voluntary reorganization under Chapter 11 of
the U.S. Bankruptcy Code in the United States Bankruptcy Court for
the Southern District of Texas, Houston Division.  The
reorganization cases contemplate implementing the previously
announced Restructuring Support Agreement (as amended, the "RSA")
that C&J executed with its lenders, which provides for the
elimination of approximately $1.4 billion in debt from the
Company's balance sheet, substantially deleveraging C&J's capital
structure and strongly positioning the Company for long-term
success.  Additionally, the RSA contemplates that, subject to the
satisfaction of certain conditions, the Company will issue one
series of seven-year warrants to existing common stockholders,
based on their pro rata share, exercisable for up to an aggregate
of 6% of new common stock at a strike price of $1.55 billion.
Currently, lenders that beneficially own or manage greater than 83%
of the aggregate principal amount of debt outstanding under the
Company's credit facilities are parties to the RSA.  The Company
currently estimates that it will emerge from the Chapter 11
reorganization within approximately 130 to 180 days, and fully
expects operations to continue as normal throughout the
court-supervised financial restructuring process.

President, Chief Executive Officer and Chief Operating Officer Don
Gawick commented, "[Wednes]day's Chapter 11 filings represent a
significant milestone in our financial restructuring process to
significantly strengthen our financial condition by reducing debt,
enhancing liquidity and best positioning our Company to proactively
respond as the market begins to recover.  After thoroughly
evaluating our options and strategic alternatives with our advisors
and Board of Directors, we are confident that this is the best path
forward for C&J and all our stakeholders.  During the
reorganization proceeding, all of our day-to-day operations will
continue in the normal course, and we will maintain ample liquidity
and resources to support our business and continue providing safe,
reliable and efficient services to all of our customers.  We
appreciate the continued, strong support demonstrated by our
lenders, which will hopefully enable us to move quickly and
smoothly the restructuring process.

"On behalf of C&J's Board of Directors and executive management
team, I want to thank our employees for their continued hard work
and dedication, and note that we look forward to working with our
customers and vendors as we move through this process and build a
strong foundation for C&J to emerge as a stronger partner."     

                   About C&J Energy Services

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

                           *     *     *

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

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


C&J ENERGY: Files for Ch. 11 With $1.4B Debt-to-Equity Deal
-----------------------------------------------------------
Weeks after reaching a deal with holders of approximately 83
percent of the nearly $1.4 billion in funded debt, C&J Energy
Services Ltd. and 14 of its subsidiaries each filed a voluntary
petition under Chapter 11 of the Bankruptcy Code in the U.S.
Bankruptcy Court for the Southern District of Texas.

As previously disclosed, the Debtors entered into a restructuring
support agreement with their lenders which contemplates a total
deleveraging of C&J's balance sheet by converting $1.4 billion debt
into equity in the reorganized Debtors.  The RSA provides
substantial post-emergence liquidity in the form of a $200 million
rights offering, backstopped by certain of the Lenders.  Subject to
the Court's approval, certain of the Lenders also agreed to provide
a $100 million debtor-in-possession credit facility to fund the
administration of the Chapter 11 cases.

Commenting on the Debtors' financial difficulties, C&J Energy Chief
Financial Officer Mark Cashiola said that "Over the course of the
past nearly two years, the domestic oil and gas industry -- in
particular the exploration and production space -- has been
devastated by a severe, prolonged downturn in commodities prices.
C&J has felt the weight of the market decline just like upstream
E&P companies."

In 2015, C&J Energy posted a net loss of $873 million following net
income of $68.8 million in 2014.  For the three months ended March
31, 2016, C&J Energy incurred a net loss of $428 million.  As
market conditions hit rock bottom in early 2016, C&J failed to
maintain compliance with certain financial covenants under its debt
agreements.  

Mr. Cashiola said that during the first quarter of 2015, C&J began
to scale back operations by idling, or "stacking," unproductive
equipment, reducing headcount, implementing strict cost-control
measures, and negotiating price reductions with certain of its
suppliers.  However, these measures did not prove sufficient to
resolve C&J's financial issues.

C&J engaged its key stakeholders -- including a steering committee
of Lenders -- regarding comprehensive restructuring alternatives
that would strengthen C&J's balance sheet and provide near-term
liquidity support.  With the support of the Steering Committee, C&J
was ultimately able to secure several months' worth of forbearance
from the Lenders -- time it used to engage both existing
stakeholders and third parties regarding restructuring
alternatives.  These negotiations culminated with the signing of
the RSA on July 8, 2016.

The supporting Lenders' commitments to equitize their claims of
nearly $1.4 billion under the Credit Agreement and facilitate the
Debtors' emergence by backstopping the lifeblood Rights Offering
are contingent on the Debtors' executing their restructuring in
accordance with certain milestones defined in the RSA.  Under the
Milestones, the Debtors must confirm a Chapter 11 plan of
reorganization with 130 days after the Petition Date and emerge
from bankruptcy within 21 days thereafter.

"The RSA is a significant achievement for the Debtors in the face
of extremely challenging operating conditions over the past
eighteen months.  Further, in spite of these prevailing market
conditions, C&J maintains an attractive asset and customer base, an
established reputation for the highest level of customer service
and operational performance, and an operating footprint that
encompasses nearly all of the continental United States' most
significant and prolific resource plays, including the Eagle Ford
shale in South Texas and the Permian Basin in West Texas.  In light
of these core strengths, the Debtors are confident that they can
implement the RSA's balance sheet restructuring to ensure C&J's
long-term viability," said Mr. Cashiola.

Commenting on the bankruptcy filing, President, Chief Executive
Officer and Chief Operating Officer Don Gawick said, "Today's
Chapter 11 filings represent a significant milestone in our
financial restructuring process to significantly strengthen our
financial condition by reducing debt, enhancing liquidity and best
positioning our Company to proactively respond as the market begins
to recover.  After thoroughly evaluating our options and strategic
alternatives with our advisors and Board of Directors, we are
confident that this is the best path forward for C&J and all our
stakeholders.  During the reorganization proceeding, all of our
day-to-day operations will continue in the normal course, and we
will maintain ample liquidity and resources to support our business
and continue providing safe, reliable and efficient services to all
of our customers.  We appreciate the continued, strong support
demonstrated by our lenders, which will hopefully enable us to move
quickly and smoothly the restructuring process.

"On behalf of C&J's Board of Directors and executive management
team, I want to thank our employees for their continued hard work
and dedication, and note that we look forward to working with our
customers and vendors as we move through this process and build a
strong foundation for C&J to emerge as a stronger partner."

                   Restructuring Support Agreement

Generally, the RSA contemplates a Chapter 11 plan that will provide
the following recoveries to holders of claims against and interests
in the Debtors:

   * payment in full of all administrative and priority claims in
     cash at emergence;

   * payment in full of all claims arising under the Proposed DIP
     Financing in cash at emergence;

   * holders of certain Mineral Contractor claims, arising under
     chapter 56 of the Texas Property Code, or any similar
     federal, state, or local law, will receive a full recovery,
     to be paid in cash, or otherwise provided such
     treatment as to render their claims unimpaired;

   * each holder of claims arising under the Credit Agreement will
     receive its pro rata share of (a) 100% of the Debtors' post-
     emergence common equity (subject to dilution) and (b) if such
     holder is an "Accredited Investor" (as defined under U.S.
     securities laws) subscription rights to participate in the
     Right Offering;

   * treatment of general unsecured claims remains to be
     determined and will be set forth in the Debtors Chapter 11
     plan, when filed; and

   * to the extent holders of C&J Energy common equity interests
     vote as a class to accept the Chapter 11 plan contemplated by
     the RSA, each such holder will receive its pro rata share of
     certain new seven-year warrants convertible into up to 6
     percent of C&J Energy's post-emergence common stock at a
     strike price of $1.55 billion.

              Bermudian and Canadian Proceedings

Subsidiaries of the Debtors in Bermuda and Canada have already or
will soon commence foreign insolvency proceedings so that C&J may
effectuate an enterprise-wide restructuring and otherwise protect
its foreign assets and operations.

Specifically, contemporaneously with the Debtors' commencing these
Chapter 11 cases, the Bermudian Debtors will commence "provisional
liquidation" proceedings pursuant to sections 161 and 170 of the
Bermuda Companies Act 1981 by presenting "winding up" petitions to
the Bermudian Court.  Upon the application of the Bermudian
Debtors, the Bermudian Court will appoint a "provisional
liquidator."  The provisional liquidator acts as an officer of the
Bermudian Court to oversee the reorganization of the Bermudian
Debtors.  The Bermudian Debtors will seek appointment of a
provisional liquidator with "limited" powers, such that C&J's
management team and the Board will remain in control of C&J's
day-to-day operations and these Chapter 11 cases.

After the Bermudian Court appoints a provisional liquidator, a
statutory stay of proceedings in Bermuda against the Bermudian
Debtors or their assets will automatically arise.  On the "return
date" for the Bermudian petitions -- similar to a "second day"
hearing in a Chapter 11 proceeding -- the Bermudian Debtors will
seek to postpone their petitions sine die, while the Debtors
administer these Chapter 11 cases.

Similarly, in light of C&J's substantial Canadian assets and
operations, each of the Canadian Debtors will commence proceedings
under the Companies' Creditors Arrangement Act in Canada.  The
Canadian Debtors will request that the Canadian Court treat the
Chapter 11 cases of the Canadian Debtors as "foreign main
proceedings" under the applicable provisions of the CCAA -- similar
to the Chapter 15 process under the Bankruptcy Code.  To commence
the Canadian Proceedings, Canadian Debtor C&J Energy Production
Services-Canada Ltd. filed a motion with the Court
contemporaneously herewith requesting authority to act as the
Canadian Debtors' "foreign representative," as required under the
CCAA.  C&J Canada will file a similar corresponding motion in the
Canadian Proceedings shortly after the hearing on the First Day
Motions.  As with the Bermudian Proceedings, the Canadian
Proceedings will be ancillary in nature to these Chapter 11 cases,
which will be the focus of the Debtors' restructuring efforts.
  
                        First Day Motions

Contemporaneously with the petitions, the Debtors filed a number of
first day motions seeking authority to, among other things, obtain
post-petition financing, use cash collateral, continue using their
existing cash management system, pay employee obligations, pay
critical vendor claims, and prohibit utility providers from
discontinuing services.  A copy of the declaration in support of
the First Day Motions is available for free at:

     http://bankrupt.com/misc/20_C&JENERGY_declaration.pdf

                         About C&J Energy

C&J Energy Services is a leading provider of well construction,
well completions, well support and other complementary oilfield
services to oil and gas exploration and production companies.  As
one of the largest completion and production services companies in
North America, C&J offers a full, vertically integrated suite of
services involved in the entire life cycle of the well, including
directional drilling, cementing, hydraulic fracturing, cased-hole
wireline, coiled tubing, rig services, fluids management services
and other special well site services.  C&J operates in most of the
major oil and natural gas producing regions of the continental
United States and Western Canada.  For additional information about
C&J, please visit http://www.cjenergy.com/- See more at:
http://investors.cjenergy.com/2016-07-20-C-J-Energy-Services-Commences-Voluntary-Reorganization-Under-Chapter-11-Of-The-US-Bankruptcy-Code#sthash.G43t4XZz.dpuf

The Debtors' cases are pending before Judge David R Jones (Bankr.
S.D. Tex. Proposed Lead Case No. 16-33590).

The law firms Loeb & Loeb LLP, Kirkland & Ellis LLP serve as the
Debtors' counsel.  Fried, Frank, Harris, Shriver & Jacobson LLP
acts as special corporate and tax counsel of the Debtors.
Investment bank Evercore is the Debtors' financial advisor and
AlixPartners is the Debtors' restructuring advisor.  Ernst & Young
Inc. is the proposed information officer for the Canadian
proceedings.  Donlin, Recano & Company, Inc. serves as the claims,
noticing and balloting agent.


C.R. REED TRANSPORT: US Trustee Fails to Appoint Creditors' Panel
-----------------------------------------------------------------
The U.S. Trustee informs the U.S. Bankruptcy Court for the Western
District of Tennessee that a committee of unsecured creditors has
not been appointed in the Chapter 11 case of C.R. Reed Transport,
LLC, due to insufficient response to the U.S. Trustee
communication/contact for service on the committee.

C.R. Reed Transport, LLC, a trucking operation located in Dyer,
Tennessee, sought protection under Chapter 11 of the Bankruptcy
Code in the Western District of Tennessee (Jackson) (Case No.
16-11098) on June 1, 2016.  

The petition was signed by Charles Reed, president.  The
case is assigned to Judge Jimmy L. Croom.

The Debtor estimated assets of $0 to $50,000 and debts of $1
million to $10 million.


CANCER GENETICS: John Pappajoh Holds 1.89 Million Common Shares
---------------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, John Pappajohn disclosed that as of July 15, 2016, he
beneficially held 1,892,109 shares of common stock of Cancer
Genetics and his spouse, Mary Pappajohn, held 200,000 common
shares.  In addition, Mr. Pappajohn held warrants to purchase an
aggregate of 668,392 Common Shares, options to purchase an
aggregate of 125,000 Common Shares and 2,500 unvested restricted
Common Shares.  A full-text copy of the regulatory filing is
available for free at https://is.gd/48PX3l

                   About Cancer Genetics

Rutherford, N.J.-based Cancer Genetics, Inc., is an early-stage
diagnostics company focused on developing and commercializing
proprietary genomic tests and services to improve and personalize
the diagnosis, prognosis and response to treatment (theranosis) of
cancer.

Cancer Genetics reported a net loss of $20.2 million on $18.0
million of revenue for the year ended Dec. 31, 2015, compared to a
net loss of $16.6 million on $10.2 million of revenue for the year
ended Dec. 31, 2014.

As of March 31, 2016, Cancer Genetics had $43.96 million in total
assets, $15.7 million in total liabilities and $28.3 million in
total stockholders' equity.


CHESAPEAKE ENERGY: Sued by Shale Owners for Alleged Scheme
----------------------------------------------------------
Alex Nussbaum, writing for Bloomberg News, reported that Chesapeake
Energy Corp., the company Aubrey McClendon built into a natural-gas
giant, was sued along with his former partner by lease holders who
say the pair conspired to rig bids for drilling rights during the
shale boom.

According to the report, the lawsuit against Chesapeake and Tom
Ward comes four months after a federal grand jury indicted
McClendon on March 1 for allegedly fixing shale lease auctions.
McClendon died a day later, at age 56, when the SUV he was driving
slammed into a bridge in Oklahoma City, where he lived and worked,
the report said.

The suit, brought by Chisholm Partners LLC and its investors,
accuses Chesapeake and Ward of working together to artificially
lower prices while McClendon led his company and Ward was chief
executive officer at SandRidge Energy Inc., the report related.
The plaintiffs are seeking at least $30 million in damages in the
lawsuit filed July 13 in a federal court in Kansas City, Kansas,
the report added.

"Chesapeake along with the defendants and SandRidge, between them,
illegally 'divided up' the geographic area covering the Anadarko
Basin Region in Kansas, and other states, and agreed not to compete
and drive up prices," the report said, citing the suit.

The case is Pacific Oil and Gas LLC v. Chesapeake Energy Corp.,
160-cv-02498, U.S. District Court, District of Kansas (Kansas
City).

                     *     *     *

The Troubled Company Reporter, on June 28, 2016, reported that S&P
Global Ratings raised the corporate credit rating on Oklahoma
City-based exploration and production company Chesapeake Energy
Corp. to 'CCC' from 'SD'.  The outlook is negative.  The
issue-level and recovery ratings on the company's debt are
unchanged.


CLEAR CREEK RETIREMENT: Steven Bowerman Leaves Creditor's Panel
---------------------------------------------------------------
Steven D. Bowerman of Mountain Mules Construction is no longer
included in the official committee of unsecured creditors of Clear
Creek Retirement Plan II LLC.  

As reported by the Troubled Company Reporter on March 11, 2016,
Gail Brehm Geiger, acting U.S. trustee for Region 18, previously
appointed seven creditors to serve on the official committee of
unsecured creditors.

The remaining six committee members are:

     (1) Tim Orr for
         SKL Funding, LLC
         4010 E Tanager Lane, No. A
         Mead, WA 99021
         Tel: (509) 462-2926
         Fax: (509) 769-0303
         E-mail: tim@jcapital.org

     (2) Barbara J. Morrett
         E-mail: Bmorrrett12@gmail.com

     (3) Robert L. Doremus for
         Sound Investments
         P.O. Box 2661
         Gig Harbor, WA 98335
         Tel: (253) 307-3725
         Fax: (253) 858-2313
         E-mail: bob@sound-investments.com

     (4) Grant Brooker for
         Bennett Truck Transport, LLC
         1001 Industrial Parkway
         McDonough, GA 30253
         Tel: (770) 914-2718
         Fax: (678) 569-1265
         E-mail: grant.brooker@bennettig.com

     (5) George Makari
         E-mail: gmakari@yahoo.com

     (6) Leonard Glaser for
         Glaser Family Limited Partnership
         5414 NE 81st Avenue, Apt 313T
         Vancouver, WA 98862
         Tel: (360) 896-0100
         Fax: (360) 896-0828
         E-mail: lglaser@ransier.com

                        About Clear Creek

Clear Creek Retirement Plan II LLC sought protection under Chapter
11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the
Western District of Washington (Tacoma) (Bankr. W.D. Wash., Case
No. 16-40547) on Feb. 12, 2016.  The petition was signed by Rusty
D. Fields, manager.

The Debtor is represented by John R. Rizzardi, Esq., at Cairncross
& Hempelmann, P.S.  The case is assigned to Judge Brian D. Lynch.

The Debtor disclosed total assets of $9.88 million and total debts
of $8.56 million.


COMMUNITY VISION: Wants to Use IRS Cash Collateral
--------------------------------------------------
Community Vision Development Programs, LLC, asks the U.S.
Bankruptcy Court for the District of Minnesota for authorization to
use cash collateral.

The Debtor relates that its pre-bankruptcy assets consist of cash
and accounts receivable.  It further relates that the Internal
Revenue Service is the only creditor who claims an interest in the
cash collateral.  The IRS claims a lien on virtually all assets of
the Debtor because of seven tax liens filed by the IRS with the
Minnesota Secretary of State.  The Debtor owes the IRS
approximately $414,560.24.

The Debtor contends that it will suffer irreversible and
irreparable harm if it is not able to use cash collateral to pay
critical expenses.

The Debtor's Profit & Loss Forecast Overview for July through
December 2016, projects total expenses in the amount of
$225,175.12.

The Debtor proposes to grant a replacement lien to the IRS.  It
says that it is not seeking to cross collateralize any pre-petition
debt with post-petition collateral.

A full-text copy of the Debtor's Motion, dated July 19, 2016, is
available at https://is.gd/Q9EBwF

Community Vision Development Programs, LLC is represented by:

          Steven B. Nosek, Esq.
          2855 Anthony Lane South, Suite 201
          St. Anthony, MN 55418
          Telephone: (612)335-9171
          Email: snosek@noseklawfirm.com
                
The case is In re Community Vision Development Programs, LLC
(Bankr. D. Minn. Case No. 16-42109).



CONCORDIA: Moody's Says FDA OK of Generic Nilandron is Credit Neg.
------------------------------------------------------------------
Moody's Investors Service commented that the FDA approval of ANI
Pharmaceuticals' (not rated) nilutamide tablets, a generic version
of Nilandron, is credit negative for Concordia International Corp
(B3 stable) as Concordia had the only FDA-approved version of the
drug on the US market. No change to the company's B3 CFR rating or
stable outlook.


CUPEYVILLE SCHOOL: Court to Take Up Plan Outline on Sept. 27
------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Puerto Rico is set to
hold a hearing on September 27, at 9:00 a.m., to consider the
disclosure statement detailing Cupeyville School Inc.'s Chapter 11
plan.

Objections to the disclosure statement must be filed not less than
14 days prior to the hearing.

Cupeyville School is represented by:

     Alexis Fuentes Hernandez, Esq.
     Fuentes Law Offices, LLC
     P.O. Box 9022726
     San Juan, PR 00902-2726
     Tel: (787) 722-5216
     Fax: (787) 722-5206
     Email: alex@fuentes-law.com

                     About Cupeyville School

Cupeyville School, Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. P.R. Case No. 15-09822) on December 12,
2015.  The petition was signed by Ricardo Gonzalez, president.  

The case is assigned to Judge Mildred Caban Flores.

At the time of the filing, the Debtor disclosed $7.01 million in
assets and $7.25 million in liabilities.


DATAPIPE INC: Moody's Affirms B3 Corporate Family Rating
--------------------------------------------------------
Moody's Investors Service has affirmed Datapipe, Inc.'s ("Datapipe"
or "the company") B3 corporate family rating (CFR) and B3-PD
Probability of Default Rating (PDR) along with the B1 rating on its
senior secured 1st lien credit facilities and the Caa2 rating on
its 2nd lien term loan, following the company's announcement that
it will raise an incremental $90 million of 1st lien term loan
debt, $25 million of 2nd lien term loan debt, and $73 million of
preferred equity. The proceeds are expected to be used for general
corporate purposes. The outlook remains stable.

Issuer: DataPipe, Inc.

Affirmations:

-- Probability of Default Rating, Affirmed B3-PD

-- Corporate Family Rating, Affirmed B3

-- Senior Secured 1st Lien Term Loan due 2019, Affirmed B1
    (LGD 3)

-- Senior Secured 1st Lien Revolving Credit Facility due 2018,
    Affirmed B1 (LGD3)

-- Senior Secured 2nd Lien Term Loan due 2019, Affirmed Caa2
    (LGD5)

Outlook Actions:

-- Outlook, Remains Stable

RATINGS RATIONALE

Datapipe's B3 CFR reflects its small scale, high leverage and
persistent negative free cash flow which is primarily the result of
its high capital intensity and growth profile. These limiting
factors are offset by Datapipe's stable base of contracted
recurring revenues and established position within the high-growth,
niche market segment of complex, auditable managed services and
cloud offerings. Datapipe's market position, technical expertise,
reputation and its ability to successfully integrate and realize
synergies from recent strategic acquisitions are key factors in
Datapipe's B3 rating and the stable outlook. In addition, the
company's willingness to raise incremental cash equity to finance
its growth offsets some of the M&A risk. Moody's expects leverage
to fall meaningfully over the next two years due to strong EBITDA
growth and acknowledges that the growing pains of margin pressure
and sometimes-challenged liquidity are, at least partially, driven
by discretionary investments. Moody's believes the company may be
in a position to generate free cash flow by early 2018 if capital
intensity lessens.

Proforma for the debt offering, Moody's expects Datapipe's leverage
to exceed the downgrade trigger for the B3 rating of 7x (Moody's
adjusted) over the near term. However, Moody's expects leverage to
fall below 7x in early 2017 as merger synergies from previously
announced acquisitions are realized and EBITDA grows. Moody's
expects that the cash proceeds from the recently announced debt
offering will be used for EBITDA accretive purposes, such that the
modest incremental debt will not worsen the company's pro forma
leverage.

Moody's expects Datapipe to have adequate liquidity over the next
twelve months and expects the company to rely heavily upon its
revolving credit facility going forward due to its negative free
cash flow which is primarily driven by high capital intensity and
investments for growth. At the end of Q1 2016, Datapipe had $9
million of cash and about $20 million outstanding on its $51.6
million revolver. Moody's expects free cash flow to remain negative
for 2016 and 2017 driven by high capital intensity. Datapipe could
generate free cash flow in early 2018 if capital intensity lessens.
The existing credit facilities have two covenant tests: maximum
total leverage and minimum interest coverage, and Moody's
anticipates that Datapipe will maintain sufficient cushion under
these covenants for the next 12 months. There are no debt
maturities over the next year except for the mandatory annual 1%
amortization of the 1st lien term loan each year.

The stable outlook reflects Moody's view that Datapipe will
continue to produce strong revenue and EBITDA growth, synergies
from recent acquisitions will be fully realized, and leverage will
meaningfully improve over the next two years.

Moody's could consider a rating upgrade if leverage were to trend
near 5x (Moody's adjusted) and if the company generates positive
free cash flow on a sustainable basis. Sustained evidence of a more
conservative financial policy would also support a rating upgrade.

Downward rating pressure could develop if liquidity becomes
strained or Moody's adjusted leverage stays above 7x for an
extended period of time.

Headquartered in Jersey City, NJ, Datapipe, Inc. is a provider of
data center, managed hosting and cloud services. The company
currently operates 22 data centers in the US and internationally.


DATAPIPE INC: S&P Affirms 'B' CCR, Outlook Stable
-------------------------------------------------
S&P Global Ratings said it affirmed its 'B' corporate credit rating
on Jersey City, N.J.-based Datapipe Inc.  The outlook is stable.

At the same time, S&P affirmed its 'B' issue-level rating, with a
recovery rating of '3', on the company's senior secured revolving
credit facility and first-lien term loan.  The '3' recovery rating
indicates S&P's expectation of substantial (50%-70%; upper half of
the range) recovery for lenders in the event of a payment default.


In addition, S&P affirmed its 'CCC+' issue-level rating, with a
recovery rating of '6', on the company's secured second-lien term
loan.  The '6' recovery rating indicates S&P's expectation for
negligible (0%-10%) recovery for lenders in the event of a payment
default.

"The stable outlook reflects our expectation that Datapipe's high
leverage, expected to be in the low-8x area in 2016, will
moderately decline to around 7x in 2017, benefiting from organic
EBITDA growth and potential acquisitions," said S&P Global Ratings
credit analyst Rose Askinazi.  "The stable outlook also
incorporates our expectation that liquidity will remain adequate
over the next 12 months."

S&P could lower the rating over the next 12 months if liquidity
narrows without a credible path for improvement.  Such a scenario
would likely result from a degradation in operating performance,
resulting from higher churn and pricing pressure due to
intensifying competitive pressure in the cloud and managed services
space from larger, better-capitalized peers, leading to ongoing
negative FOCF and reduced availability under the revolving credit
facility.  S&P is willing to tolerate short-term spikes in leverage
above 7x for meaningful acquisitions that strengthen the company's
competitive position and scale as long as the company maintains
adequate liquidity with interest coverage above 1.5x.

Although unlikely over the next 12 months, S&P could raise the
rating if operating performance exceeded its base-case assumptions,
leading to a decline in adjusted leverage below 5x on a sustained
basis.  Given ownership considerations, an upgrade would also
require a longer-term financial policy supportive of improved
credit metrics.


DAWN INC: Proposes Private Sale of Mamaroneck Property
------------------------------------------------------
Judge Robert D. Drain at the U.S. Bankruptcy Judge, at the U.S.
Bankruptcy Court for the Southern District of New York, 300
Quarropas Street, White Plains, New York, on Aug. 19, 2016, at
10:00 a.m., will convene a hearing to consider Dawn, Inc., doing
business as Cafe Mozart's motion to conduct a private sale of
certain assets related to its restaurant business located at 308
Mamaroneck Avenue, Mamaroneck, New York, to Shams Alam or an entity
to be designated by him.

                         About Dawn, Inc.

Dawn, Inc., is a restaurant located at 308 Mamaroneck Avenue,
Mamaroneck, New York 10543.  It serves breakfast, brunch, lunch and
dinner, and also features classical and live music performances.
Cafe Mozart was first opened in 1996.  It purchased Cafe Mozart
from the original owners in 2003.

Dawn, Inc. -- dba Cafe Mozart -- sought Chapter 11 protection
(Bankr. S.D.N.Y. Case No. 14-23347-RDD) on Sept. 22, 2014.  Judge
Robert D. Drain is assigned to the case.

The Debtor filed for Chapter 11 for the purpose of restructuring
and paying its obligations to New York State Department of Tax and
Finance stemming from a sales tax audit in 2006/2007.  The Debtor
was assessed with approximately $142,175 in sales tax and $28,428
in income tax, which were overwhelming amounts for the Debtor to
pay.  Although the Debtor complied with a payment plan for many
years, it struggled to remain current in its tax obligations.

The Debtor has continued in possession of its business and
management of its property pursuant to Sec. 1107 and 1108 of the
Bankruptcy Code.  No official creditors' committee, trustee or
examiner has been appointed in this case.


DIFFERENTIAL BRANDS: Completes Acquisition of SWIMS
---------------------------------------------------
Differential Brands Group Inc. announced that it has completed the
acquisition of SWIMS AS, a Scandinavian lifestyle brand best known
for its range of fashion-forward, water-resistant footwear and
sportswear that artfully balances performance, comfort and style.
SWIMS distributes its full range of footwear, swimwear, outerwear,
ready-to-wear and accessories worldwide through high-end department
stores, independent specialty stores, and luxury resorts.  The
Company also sells product through its own website and through ten
licensed SWIMS-branded stores.

The transaction is expected to be immediately accretive for
Differential Brands.  The acquisition and related expenses were
financed through a combination of Differential's common stock
totaling approximately 700,000 shares, warrants to purchase an
aggregate of 150,000 shares of Common Stock with an exercise price
of $5.47 per share and $12.3 million in cash.  Differential is also
pleased to acquire such a high-quality brand at an attractive
contribution multiple below 6.5 times.  The Company obtained a
$13.0 million bridge financing facility in order to facilitate the
closing of the transaction.

Michael Buckley, chief executive officer of Differential Brands,
commented, "This marks the first acquisition for Differential
Brands, and we are thrilled to be adding SWIMS, a sought-after
lifestyle brand, to our portfolio.  SWIMS' unique, global footprint
in the water-resistant footwear and apparel category aligns well
with our strategy to build a portfolio of complementary, premium
brands that consumers are passionate about.  We believe that SWIMS
offers significant growth opportunity through increased brand
awareness and continued expansion in both the U.S. and
international markets.  The transaction also adds a strong sales
network around the world to build our existing Robert Graham and
Hudson businesses."

Alex Eskeland, president and co-founder of SWIMS, commented, "We
are excited to partner with the Differential Brands team to
capitalize on their expertise and infrastructure, as well as
leverage their omni-channel distribution strategy to expand
SWIMS’ presence, including in the U.S.  We're also looking
forward to helping diversify the geographic presence of Robert
Graham and Hudson through our well-developed international
network."

                  About Differential Brands

Differential Brands Group Inc., formerly Joe's Jeans Inc., is a
platform that focuses on branded operating companies in the premium
space.  The Company's focus is on organically growing its brands
through a global, omni-channel distribution strategy while
continuing to seek opportunity to acquire accretive, complementary,
premium brands.  The Company's current brands are Hudson, a
designer and marketer of women's and men's premium branded denim
apparel, and Robert Graham, a sophisticated, eclectic style to the
fashion market as an American-based company with an intention of
inspiring a global movement.

Joe's Jeans Inc. has completed the merger combining Hudson Jeans
and Robert Graham.  Additionally, the company has been renamed
Differential Brands Group Inc. and will remain publicly listed on
NASDAQ under the ticker DFBG.

Differential Brands reported a net loss and comprehensive loss of
$32.3 million on $80.2 million of net sales for the year ended Nov.
30, 2015, compared to a net loss and comprehensive loss of $27.7
million on $84.2 million of net sales for the year ended Nov. 30,
2014.

As of March 31, 2016, Differential Brands had $168 million in total
assets, $115 million in total liabilities and $52.7 million in
total equity.


EAST COAST FOODS: Cash Collateral Use Through July 31 Allowed
-------------------------------------------------------------
Judge Sheri Bluebond of the U.S. Bankruptcy Court for the Central
District of California authorized East Coast Foods, Inc., to use
cash collateral on an interim basis, through July 31, 2016.

Judge Bluebond authorized the Debtor to use $727,350 for necessary,
reasonable and ordinary expenses actually incurred after the
Petition Date.  These expenses include cost of goods sold, rent,
payroll, taxes and licenses, and maintenance.

Judge Bluebond allowed the Debtor to pay insider compensation in
the amount of $15,500, upon resolution of objections to its notice
of setting insider compensation.  She directed to Debtor to pay
$9,500 per month as adequate protection to Wilshire Bank.

A full-text copy of the Order, dated July 19, 2016, is available at
https://is.gd/2oIKn7

                  About East Coast Foods, Inc.

East Coast Foods, Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. C.D. Cal. Case No. 16-13852) on March 25,
2016. The petition was signed by Herbert Hudson, president.

The Debtor is represented by Vakhe Khodzhayan, Esq., at KG Law,
APC. The case is assigned to Judge Sheri Bluebond.

The Debtor estimated assets of $0 to $50,000 and debts of $10
million to $50 million.



EMERALD OIL: Wants Exclusive Plan Filing Deadline Moved to Dec. 19
------------------------------------------------------------------
Emerald Oil, Inc, et al., ask the U.S. Bankruptcy Court for the
District of Delaware to extend the periods during which they have
the exclusive right to (a) file a Chapter 11 plan by approximately
150 days, through and including Dec. 19, 2016; (b) solicit votes
accepting or rejecting a plan by three months, through and
including Feb. 15, 2017.

Extending the exclusivity periods will afford the Debtors and their
stakeholders time to negotiate and confirm a plan, finalize the
transactions contemplated by the plan, and proceed toward
liquidation or emergence in an efficient, organized fashion.
Therefore, the Debtors request a brief extension of the exclusivity
periods by 150 days to allow the Debtors to focus on continuing to
advance the process and to preclude the costly disruption and
instability that would occur if competing plans were to be
proposed.

Less than four months from the Petition Date, the Debtors have made
substantial progress towards achieving their Chapter 11 goals, but
significant works remains to be done.  The Debtors therefore seek
an extension of the Exclusivity Periods of approximately 150 days.

Since filing for Chapter 11 relief, the Debtors have, among other
things:

     a. stabilized operations through the approval of various
        crucial first day motions, including garnering authority
        to pay certain slippers and lienholders, honor wages and
        non-insider incentive programs in the ordinary course of
        business, continuing making payments to holders of royalty

        interests, and maintain their cash management system;

     b. negotiated and obtained final approval for the Debtors'
        $20 million debtor-in-possession financing facility;

     c. promptly completed their schedules of assets and
        liabilities and statements of financial affairs, which
        were filed on May 5, 2016;

     d. selected a stalking horse for the purchase of
        substantially all of the Debtors' assets and filed the     
   
        Debtors' motion for entry of (i) an order (a) approving
        bidding procedures and bid protections in connection with
        the sale of substantially all of the Debtors' assets, (b)  
      
        approving the form and manner of notice thereof (c)        

        scheduling an auction and a sale hearing, (d) approving    
    
        procedures for the assumption and assignment of contacts,
        and (e) granting related relief and (ii) an order (a)
        approving the asset purchase agreement between the Debtors

        and the purchases, and (b) authorizing the sale of
        substantially all of the Debtors' assets free and clear of

        liens, claims, encumbrances, and interests, (c)
        authorizing the assumption and assignment of contacts, and

        (d) granting related relief;

     e. commenced an adversary proceeding seeking a determination
        that certain of the Debtors' gathering agreements do not
        contain covenants or equitable servitudes (if any) that
        run with the land; and

     f. obtained entry of the claims bar date in these Chapter 11
        cases to facilitate the timely administration of their
        claims pool, and have begun the process of reconciling
        claims and interests as promptly as possible.

Throughout this process, the Debtors have worked closely with the
Official Committee of Unsecured Creditors, their prepetition and
postpetition secured lenders, and other significant parties in
interest.  But much remains to be done, and the exclusivity
deadlines are quickly approaching, the Debtors say.

The Debtors, with the help of their advisors, have made substantial
progress in organizing and conducting a thorough sale process.
However, recently, the previous holders of the Debtors' prepetition
and postpetition secured debt facilities sold their debt holdings
to certain third parties.  Those parties are in the process of
appointing anew agent and other representatives with respect to
their interests and the Debtors' Chapter l1 cases.  This
substitution of the Debtors' fulcrum creditor and only lender
represents an important development in these Chapter 11 cases, and
the Debtors believe certain contingencies exist on account of this
development alone that warrant an extension of the Exclusivity
Periods.  While the Debtors are pressing forward with the upcoming
bidding procedures hearings, they and their advisors are working
continuously with their stakeholders, including the Committee, to
negotiate end outline the material terms and timeline of both a
sale and a Chapter 11 plan.  The Debtors' ability to continue
moving their sale and plan process forward, as well as obtain
consensus from key parties with respect to same, would be seriously
disrupted if another party were permitted to file a plan.

These Chapter 11 cases involve more than $350 million in
prepetition funded debt obligations, a multitude of stakeholders,
and a number of complex operational intricacies.  The Debtors'
businesses are also operating in a very uncertain environment.  Due
to the macroeconomic pressures from the historic decline in
commodity prices, the markets in which the Debtors' businesses
operate continue to evolve, making the Debtors' Chapter 11
negotiations even more complicated and challenging.  There can be
no question that the size and complexity of these Chapter ll cases
(as exacerbated by the current commodities pricing environment)
weigh in favor of extending the Exclusivity Periods.

The Debtor's counsel can be reached at:

     Laura Davis Jones, Esq.
     Colin R. Robinson, Esq.
     Joseph M. Mulvihill, Esq.
     PACHULSKI STANG ZIEHL & JONES LLP
     919 North Market Street, 17th Floor
     P.O. Box 8705
     Wilmington, Delaware 19899-8705 (Courier 19801)
     Tel: (302) 652-41.00
     Fax: (302) 652-4400
     E-mail: ljones@pszjlaw.com
             crobinson@pszj.law.com
             jmulvihill@pszjlaw.com

          -- and --

     James H.M. Sprayregen, P.C.
     Ryan Blaine Bennett, Esq.
     Tiavis M. Bayer, Esq.
     KIRKLAND & ELLIS LLP
     KIRKLAND & ELLIS INTERNATIONAL LLP
     300 North LaSalle
     Chicago, Illinois 60654
     Tel: (312) 862-2000
     Fax: (312) 862-2200
     E-mail: james.sprayregen@kirlcland.com
             ryan.bennett@lcirldand.com
             travis.bayer@lcirlcland.com

                     About Emerald Oil

Emerald is a Denver-based independent exploration and production
company that is focused on acquiring acreage and developing wells
in the Williston Basin of North Dakota.

Emerald Oil, Inc., Emerald DB, LLC, Emerald NWB, LLC, Emerald WB
LLC and EOX Marketing, LLC filed separate Chapter 11 bankruptcy
petitions (Bankr. D. Del. Case Nos. 16-10704 to 16-10708) on March
22, 2016. Ryan Smith signed the petitions as chief financial
officer.

The Debtors have hired Kirkland & Ellis LLP and Kirkland & Ellis
International LLP as general bankruptcy counsel, Pachulski Stang
Ziehl & Jones LLP as local counsel, Intrepid Financial Partners,
LLC as investment banker, Opportune LLP as restructuring advisor
and Donlin Recano & Company, Inc., as claims and noticing agent.

Judge Kevin Gross has been assigned the cases.

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


ESSAR STEEL: Inks $35-Mil. DIP Financing Pact with SPL Advisors
---------------------------------------------------------------
Essar Steel Minnesota LLC and ESML Holdings Inc. ask the U.S.
Bankruptcy Court for the District of Delaware for authorization to
obtain debtor-in-possession financing from SPL Advisors LLC,
through its affiliate Strategic Partners Holdings Limited.

Under the DIP Facility, the DIP Lender will provide up to $35
million of multiple-draw term loans to Debtor Essar Steel Minnesota
LLC, on the terms set forth in the Debtor-In-Possession Promissory
Note.  Debtor ESML Holdings Inc., will guaranty the Borrower’s
obligations under the DIP Facility on the terms set forth in a
guaranty which is acceptable to the DIP Lender.

The Debtors require the use of the proceeds of the proposed DIP
Facility in order to:

     (i) provide working capital and for other general corporate
purposes of the Debtors;

     (ii) pay administration costs of the Chapter 11 Cases and
claims or amounts authorized by order of the Court; and

     (iii) pay reasonable costs and expenses of the DIP Lender to
the extent provided under the DIP Documents.

The DIP Facility contains, among others, the following material
terms:

     (a) DIP Availability: $35,000,000, of which $7,000,000 will be
made available on an interim basis, and $7,000,000 will be made
available upon entry of the Final Order.  The remainder of the DIP
Facility will be made available in multiple draws thereafter.

     (b) Maturity Date: March 31, 2017.

     (c) Interest Rates: Interest on the unpaid outstanding
principal amount from the Effective Date until paid in full shall
accrue at an interest rate of 15% per annum.  During an Event of
Default, interest shall accrue at the Interest Rate plus 2% per
annum.

     (d) Carve Out: The DIP Liens and the DIP Superpriority Claim
shall, in all cases, be subject and subordinate to a $1,000,000
carve-out for payment of statutory fees and professionals' fees.  

The DIP Loan Agreement establishes three milestones:

    -- by Oct. 31, 2015, Essar must resolve disputes
       with the counterparties to certain Minnesota
       state taconite iron ore mining lease agreements;

    -- Essar must file a plan of reorganization and
       disclosure statement by Jan. 31, 2017; and

    -- Essar's chapter 11 plan must take effect by
       Mar. 31, 2017.

The Debtors contend that their use of the proceeds of the proposed
DIP Facility will maintain and preserve the value of their
businesses, in all cases for the benefit of the Debtors’ estates
and creditors.

The Debtors propose to secure their obligations under the DIP
Facility by, among other things, granting to the DIP Lender first
priority liens on, and security interests in, substantially all of
the Borrower’s unencumbered assets and junior liens on, and
security interests in, substantially all of the Borrower’s
encumbered assets, subject to the Carve-Out.

The Debtors' Motion is scheduled for hearing on July 26, 2016 at
10:00 a.m.  The deadline for the filing of objections to the
Debtors' Motion is set on July 25, 2016 at 12:00 p.m.

The contact person for the DIP Lender is:

       John-Michael Lind
       SPL Advisors LLC
       515 Via Sinuousa
       Santa Barbara, CA 93110
       E-mail: jmlind@splindia.com

A full-text copy of the Debtor's Motion, dated July 19, 2016, is
available at https://is.gd/wABNL8

A full-text copy of the Debtor's DIP Note, dated July 19, 2016, is
available at https://is.gd/BAATf2

                About Essar Steel Minnesota LLC.

Essar Steel Minnesota LLC and ESML Holdings Inc. filed for Chapter
11 bankruptcy protection (Bankr. D. Del. Case Nos. 16-11627 and
16-11626) on July 8, 2016. The bankruptcy petition was signed by
Madhu Vuppuluri, president and chief executive officer.

The Debtor is represented by Craig H. Averich, Esq., at White &
Case LLP and John L. Bird, Esq. and Jeffrey M. Schlerf, Esq., at
Fox Rothschild LLP.  The case is assigned to Judge Brendan Linehan
Shannon.

ESML Holdings Inc. estimated assets at $1 billion to $10 billion
and debts at $500 million to $1 billion.  Essar Steel Minnesota LLC
estimated assets and debts at $1 billion to $10 billion.


ETERNAL ENTERPRISE: Cash Collateral Use from July 16 to Aug. 15 OK
------------------------------------------------------------------
Judge Ann M. Nevins, of the U.S. Bankruptcy Court for the District
of Connecticut, authorized Eternal Enterprise, Inc., to use cash
collateral from July 16, 2016 through August 15, 2016.

The Debtor had sought authorization to continue using cash
collateral in order to mitigate the damage caused by the fire on
its property at 270 Laurel Street, Hartford, CT, the Debtor's
tenants, and to the Debtor's rental income.

Judge Nevins authorized the Debtor to use cash collateral to
maintain its properties and pay the U.S. Trustee's statutory fees.
She also authorized the Debtor to use up not more than $113,928 of
cash collateral for the one-month time period identified in the
Budget, which is the amount of total expenses projected by the
Court-prepared Budget.

Judge Nevins granted secured creditor Hartford Holdings replacement
liens in all after-acquired property of the Debtor, to the same
extent and priority to that which its predecessor, Astoria Federal
Mortgage Corporation, enjoyed with regard to the property at the
time the Debtor filed its chapter 11 petition.

The Debtor anticipated a loss of approximately 30% of its rental
income due to the fire.  Hartford Holdings consented to the
Debtor's deferral of adequate protection payments, provided that
the Debtor will pay to Hartford Holdings the following payments for
the June 15 - July 15 period from and upon receipt of payment for
the lost income from the Debtor's insurance policy coverage:

     (a) The remainder of the previously ordered $35,000 adequate
protection payment, less $522, for a total of $34,478.

     (b) For the insurance escrow payment which the Debtor did not
make in June 2016, the Debtor shall pay $12,000.00 to the Insurance
Escrow Account.

Judge Nevins directed the Debtor to make a reduced adequate
protection payment of $522 to Hartford Holdings for the month of
July.  She also directed the Debtor to continue making direct
monthly payments to the City of Hartford in the amount of $29,000,
as further adequate protection, commencing with the adequate
protection payment due for July 2016.  The monthly payments will be
applied to the real estate tax obligations on any one of the
Debtor's several properties located in the City of Hartford,
excluding 360 Laurel Street.

Judge Nevins ordered the Debtor to change the name of its Real
Estate Tax Escrow Account to "Adequate Protection Escrow
Account.”  She further ordered the Debtor to deposit the
following amounts into the Adequate Protection Escrow Account:

     (a) Monthly Property Insurance (escrowed): $12,000

     (b) Repairs and Maintenance - Deferred: $4,500

     (c) 30% of $18,500 Maintenance Contract: $5,550

A status conference will be held on July 26, 2016 at 4:00 p.m.  A
hearing on the continued use of cash collateral will be held on
August 10, 2016 at 1:00 p.m.

Hartford Holdings is represented by:

          Thomas A. Gugliotti, Esq.
          Updike, Kelly & Spellacy, P.C.
          100 Pearl St., 17th Floor
          Hartford, CT 06103
          Telephone: (860) 548-2661
          E-mail: tgugliotti@uks.com

A full-text copy of the Order, dated July 19, 2016, is available at
https://is.gd/suLATg

                About Eternal Enterprise, Inc.

Eternal Enterprises Inc. -- http://www.eternalenterprises.net/--  
filed a Chapter 11 bankruptcy petition (Bankr. D. Conn. Case No.
14-20292) on Feb. 19, 2014.  The petition was signed by Vera
Mladen, president.  The Debtor owns and manages eight properties
located in Hartford, Conn.  Judge Ann M. Nevins presides over the
case.  The Debtor is represented by Irene Costello, Esq., at
Shipkevich, PLLC.  The Debtor estimated assets at $50,000 to
$100,000 and debts at $1 million to $10 million at the time of the
chapter 11 filing.


EVERSTREAM HOLDCO: Case Summary & Unsecured Creditor
----------------------------------------------------
Debtor: Everstream HoldCo Fund I, LLC
        12500 Baltimore Avenue
        Beltsville, MD 20705

Case No.: 16-12058

Chapter 11 Petition Date: July 20, 2016

Court: United States Bankruptcy Court
       Southern District of New York (Manhattan)

Debtor's Counsel: J. Eric Ivester, Esq.
                  SKADDEN, ARPS, SLATE, MEAGHER & FLOM LLP
                  4 Times Square
                  New York, NY 10036
                  Tel: (212) 735-3000
                  Fax: (212) 735-2000
                  E-mail: eric.ivester@skadden.com

Debtor'           
Conflicts
Counsel:          TOGUT, SEGAL & SEGAL LLP

Debtor's          
Investment
Banker and
Financial
Advisor:          ROTHSCHILD INC.

Debtor's          
Restructuring     
Advisor:          MCKINSEY RECOVERY & TRANSFORMATION SERVICES U.S.,
LLC

Debtor's          
Claims &
Noticing Agent:   PRIME CLERK LLC

Estimated Assets: $10 million to $50 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Patrick Cook, authorized signatory.

The Debtor's list of 20 largest unsecured creditors has only one
entry:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
EverStream Solar Infrastructure     Partnership       $3,758,523
Fund I L.P.                            Claim
c/o EverStream Energy Capital
Management LLC, 101 California
Street, San Francisco, CA 94111


FLYING STAR: Reaches Agreement with Former Execs
------------------------------------------------
Jessica Dyer, writing for The Albuquerque Journal, reported that
Flying Star is seeking court approval to end a two-year-old legal
battle with two former executives by settling for $375,000 now and
not fighting another $611,523 in claims the two can pursue against
the restaurant company in its ongoing bankruptcy case.

According to the report, Flying Star's former COO, Clyde
Harrington, and former CFO, Donna Schmidt, were already in
arbitration with Flying Star and its owners, Jean and Mark
Bernstein, when the Albuquerque cafe chain filed for Chapter 11
protection in U.S. Bankruptcy Court in January 2015, and the
parties' legal wranglings have been an ongoing part of the larger
bankruptcy case.

Harrington and Schmidt had sued Jean Bernstein in 2014 in a
contractual dispute following their terminations, alleging the
restaurant chain had "falsely (cited) cause as the basis" of their
firings, depriving them of their employment and allowing the
company to deny payment of their stock options worth hundreds of
thousands of dollars, the report recalled.

The original filing did not specify the amount sought in damages,
but the duo later filed claims in the bankruptcy case totaling
between $5.8 million and $7.3 million, the report related, citing
court records.

Flying Star and the Bernsteins followed the initial suit with a
counterclaim alleging Harrington and Schmidt had committed various
financial improprieties while working for Flying Star, and added
third-party claims against the executive search firm they hired to
find Harrington, Sockwell Partners, and the law firm that drafted
the stock-option agreements, Monroe, Moxness & Berg, the report
further related.

The settlement, according to the report, defines itself as a "full
and final settlement of a dispute concerning the separation of
(Harrington's and Schmidt's) employment" reached by Harrington,
Schmidt, Flying Star and its affiliated entities, the Bernsteins,
Sockwell Partners and Monroe, Moxness & Berg.

Harrington and Schmidt will be paid a total of $375,000 by a trio
of parties -- Flying Star's insurance company, Sockwell Partners
and Monroe, Moxness and Berg, according to the filing, the report
said.  The latter two -- which were not sued by Harrington and
Schmidt -- will make payments to Harrington and Schmidt in exchange
for Flying Star dropping its claims against the two firms, the
report added.

                         About Flying Star

Headquartered in Albuquerque, New Mexico, Flying Star Cafes, Inc.,
a NM corporation -- dba Flying Star, dba Rio Chan Foods, LLC, aka
Flying Star Commissary, dba Flying Star Foods, LLC, aka Flying
Star/Satellite Coffee, aka Flying Star Foods –
operated
nine
restaurants, as well as eight Satellite Coffee shops.  The Company
also has a food production business, Rio Chan, that supplies
outside customers.

Flying Star Cafes, Inc., a NM corporation, filed for Chapter 11
bankruptcy protection (Bankr. D. N.M. Case No. 15-10182) on Jan.
30, 2015, estimating its assets and liabilities at between $1
million and $10 million each.  The petition was signed by Jean
Bernstein, president/CEO.

Judge David T. Thuma presides over the case.

Daniel J Behles, Esq., Arin Elizabeth Berkson, Esq., Bonnie Bassan
Gandarilla, Esq., George M Moore, Esq., and Koo Im Sakayo Tong,
Esq., at Moore, Berkson, & Gandarilla, P.C., serve as the Debtor's
bankruptcy counsel.


FREDDIE MAC: Must Face Revived Suit Over Subprime Exposure
----------------------------------------------------------
Jonathan Stempel, writing for Reuters, reported that a federal
appeals court revived Ohio's lawsuit accusing Freddie Mac of
defrauding the state's $87.3 billion public pension fund by hiding
its exposure to subprime and other risky mortgages prior to the
2007-09 financial crisis.

According to the report, the 6th U.S. Circuit Court of Appeals said
a lower court judge erred in finding that the Ohio Public Employees
Retirement System (OPERS) did not plausibly allege that disclosure
shortfalls by Freddie Mac and officials, including former Chief
Executive Richard Syron, caused it to lose money on the company's
stock.

In its lawsuit, which began in January 2008, OPERS accused Freddie
Mac of concealing nearly $227 billion in exposure it had taken on
to subprime and other low-quality loans, as well as its ability to
manage risk and fight fraud, the report related.  The fund said
Freddie Mac's stock price plunged 29 percent in one day after the
truth became known in November 2007, the report said.

OPERS sought class action status on behalf of purchases of Freddie
Mac stock from Aug. 1, 2006, to Nov. 20, 2007, the report added.

Its case has lasted this long in part because the lower court judge
who oversaw it for more than five years recused himself in 2013,
and because the 6th Circuit took more than nine months after oral
arguments to rule, the report noted.

The case is Ohio Public Employees Retirement System et al v.
Federal Home Loan Mortgage Corp et al, 6th U.S. Circuit Court of
Appeals, No. 14-4189.


FREDERICK KEITEL: Court to Take Up Plan Outline at Aug. 31 Hearing
------------------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Florida is
set to hold a hearing on Aug. 31, 2016, at 2:00 p.m., to consider
approval of the disclosure statement detailing the Chapter 11 plan
of reorganization proposed by Frederick Keitel, III.

The hearing will take place at the U.S. Bankruptcy Court, Courtroom
B, 8th Floor, 1515 North Flagler Drive, West Palm Beach, Florida.
The deadline for filing objections is August 24.

Mr. Keitel on July 12 filed a restructuring plan, which proposes to
pay unsecured creditors in full.  Under the 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.

                     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.

The case is assigned to Judge Erik P. Kimball.  The Debtor is
represented by Brian K. McMahon, Esq., at Brian K. McMahon, P.A.


FRYMIRE SERVICES: Wants Authorization to Use Cash Collateral
------------------------------------------------------------
Frymire Services, Inc. asks the U.S. Bankruptcy Court for the
Northern District of Texas for authorization to use cash
collateral.

Secured creditor Capital One, NA asserts that the Debtor owes:

     (a) $960,000 borrowed against a $1 million revolving line of
credit;

     (b) $550,000 remaining due under a $742,500 term loan.

Capital One asserts that its collateral, together with its proceeds
and revenues, constitute Cash Collateral.  The Debtor believes that
the Secured Creditor is the only claimant that has a perfected
interest in the Cash Collateral.

The Debtor tells the Court that it must use cash collateral to pay
necessary operating expenses.  The Debtor further tells the Court
that it has not been able, in the ordinary course of business or
otherwise, to obtain unsecured credit or obtain alternative
financing under more favorable terms.

The Debtor's proposed Budget covers a period of 45 days and
provides for total expenses in the amount of $1,691,559.

A full-text copy of the Debtor's Motion, dated July 19, 2016, is
available at https://is.gd/gPKTNa

A full-text copy of the Debtor's proposed Budget, dated July 19,
2016, is available at https://is.gd/rcs4r6

                About Frymire Services, Inc.

Frymire Services, Inc. filed a Chapter 11 bankruptcy petition
(Bankr. N.D. Tex. Case No. 16-32814) on July 15, 2016.  The
petition was signed by George R. Frymire, president.  

Judge Stacey G. Jernigan presides over the case.  The Debtor is
represented by Bryan Christopher Assink, Esq., Mark A. Castillo,
Esq., and Joshua Lee Shepherd, Esq., at Curtis Castillo, Esq.  The
Debtor estimated assets and debts at $1 million to $10 million at
the time of the chapter 11 filing.


FTS INT'L: S&P Hikes CCR to 'CCC+' on Notes Repurchase Transaction
------------------------------------------------------------------
S&P Global Ratings raised its corporate rating on Fort Worth,
Texas-based oilfield services provider FTS International Inc.
(FTSI) to 'CCC+' from 'SD' (selective default).  The outlook is
negative.

At the same time, S&P raised its rating on the company's senior
secured floating rate notes to 'B' from 'CCC'.  The recovery rating
on this debt remains '1', indicating very high (90% to 100%)
recovery in the event of a payment default.  S&P also raised its
rating on FTSI's second-lien senior secured debt to 'CCC' from 'D'.
The recovery rating on these notes remain '5', indicating S&P's
expectation of modest (10% to 30%; lower end of range) recovery in
the event of a payment default.

"The rating action follows FTSI's repurchase of a portion of its
senior secured notes due 2022 and its term loan due 2021 at below
par," said S&P Global Ratings credit analyst Christine Besset.  "We
viewed the transaction as distressed because debtholders received
less than par, and we believe the company's capital structure is
unsustainable," she added.

S&P bases its corporate credit rating on its assessment of FTSI's
vulnerable business risk and highly leveraged financial risk
profiles.  The negative outlook reflects S&P's expectation that
FTSI's liquidity position will likely deteriorate in the coming
year given our continued weak outlook for commodity prices and
drilling activity onshore North America.  S&P could lower the
ratings if it envisioned a specific default scenario within a
year.

S&P could revise the rating outlook to stable if market conditions
in the onshore North American oil and gas industry improved such
that S&P expects FTSI to generate enough cash flow to cover
interests and maintenance capital spending on an ongoing basis, and
stabilize its liquidity position.


GARY DEAN ROGERS: Bentwood Reserve Property Sale Approved
---------------------------------------------------------
Judge Tony M. Davis of the U.S. Bankruptcy Court for the Western
District of Texas, Austin Division, authorized Gary Dean Rogers to
sell his interest in the 1.32 acres of unimproved real property at
Lot 22, Blk 1, in Bentwood Reserve Subdivision, to David and
Elizabeth Chambers for $70,000.

The sale of the Unimproved Tract will be "as is, where, is" and
free and clear of all liens, claims, encumbrances, and other
interests.

Wesley Crooks of Ranch Realty, as the broker to the Contract for
the Debtor, will be paid a commission equal to 6% of the Purchase
Price at closing, as set forth in the Contract and that 50% of such
commission will be paid to Jerrie Woodford of J W Real Estate, the
purchasers' broker.

                      About Gary Dean Rogers

Gary Dean Rogers -- aka G D Rogers, dba Rogers Construction, doing
business as Rogers General Construction --  sought Chapter 11
protection (Bankr. W.D. Tex. Case No. 16-10404) on April 4, 2016.
Wayne Kitchens, Esq. at Hughes Watters Askanase, LLP, serves as
counsel.


GREAT BASIN: Appoints BDO USA as New Accounting Firm
----------------------------------------------------
Mantyla McReynolds, LLC, Great Basin Scientific, Inc.s independent
registered public accountants, merged with BDO USA, LLP on July 1,
2016.  As a result of this transaction, on July 14, 2016, Great
Basin Scientific, Inc. received notice that instead of Mantyla, BDO
would now stand for appointment as the Company's independent
registered public accountants for the fiscal year ending Dec. 31,
2016.  Effective July 18, 2016, the Company, after review and
approval of the Company's Audit Committee, appointed BDO as the
Company's new independent registered public accounting firm for and
with respect to the fiscal year ending Dec. 31, 2016.

Mantyla's reports on the Company's financial statements as of and
for the fiscal years ended Dec. 31, 2015, and 2014 contained an
emphasis paragraph that raised substantial doubt about its ability
to continue as a going concern.  Other than the going concern
matter, the reports of Mantyla on the financial statements of the
Company for the fiscal years ended Dec. 31, 2015, and 2014 did not
contain any other adverse opinion or disclaimer of opinion and were
not qualified or modified as to uncertainty, audit scope or
accounting principles.

During the Company's fiscal years ended Dec. 31, 2015, and 2014 and
through July 14, 2016, there were no disagreements between the
Company and Mantyla on any matter of accounting principles or
practices, financial statement disclosure, or auditing scope or
procedure, which disagreements, if not resolved to the satisfaction
of Mantyla, would have caused Mantyla to make reference to the
subject matter of the disagreements in connection with its audit
reports on the Company's financial statements.  During the
Company's past fiscal years ended Dec. 31, 2014, and 2015 and the
interim period through July 14, 2016, Mantyla did not advise the
Company of any of the matters specified in Item 304(a)(1)(v) of
Regulation S-K.

The Company provided Mantyla with a copy of this report on Form 8-K
in accordance with Item 304(a) of Regulation S-K prior to its
filing with the Securities and Exchange Commission and requested
that Mantyla furnish the Company with a letter addressed to the
Securities and Exchange Commission stating whether it agrees with
the above statements and, if it does not agree, the respects in
which it does not agree.  A copy of the letter from Mantyla is
filed as Exhibit 16.1 hereto and is incorporated herein by
reference.

                       About Great Basin

Great Basin Scientific is a molecular diagnostic testing company
focused on the development and commercialization of its patented,
molecular diagnostic platform designed to test for infectious
disease, especially hospital-acquired infections.  The Company
believes that small to medium sized hospital laboratories, those
under 400 beds, are in need of simpler and more affordable
molecular diagnostic testing methods.  The Company markets a system
that combines both affordability and ease-of-use, when compared to
other commercially available molecular testing methods, which the
Company believes will accelerate the adoption of molecular testing
in small to medium sized hospitals.  The Company's system includes
an analyzer, which it provides for its customers' use without
charge in the United States, and a diagnostic cartridge, which the
Company sells to its customers.

Great Basin reported a net loss of $57.9 million in 2015 following
a net loss of $21.7 million in 2014.

As of March 31, 2016, Great Basin had $27.6 million in total
assets, $70.99 million in total liabilities, and a total
stockholders' deficit of $43.4 million.

Mantyla McReynolds, LLC, in Salt Lake City, Utah, issued a "going
concern" opinion in its report on the consolidated financial
statements for the year ended Dec. 31, 2015, citing that the
Company has incurred substantial losses from operations causing
negative working capital and negative operating cash flows.  These
issues raise substantial doubt about its ability to continue as a
going concern.


GROWER'S ORGANIC: Can Use Cash Collateral Until Aug. 15
-------------------------------------------------------
Judge Elizabeth E. Brown of the U.S. Bankruptcy Court for the
District of Colorado authorized Grower's Organic, LLC to use cash
collateral until August 15, 2016.

Judge Brown acknowledged that the Debtor has a substantial number
of suppliers that may have a claim to the statutory trust
established under the Perishable Agricultural Commodities Act.  She
further acknowledged that to the extent that there are valid PACA
trust claims, these claims are entitled to priority in the Debtor's
inventory, accounts receivable, and cash proceeds ahead of any
other secured party to the full extent of the claim, except to the
extent that the funds used to obtain such assets can be traced to a
non-PACA source.

The Debtor was previously granted interim authority to use cash
collateral up to July 15, 2016.  The Debtor asserted that without
the authority to use PACA trust assets and cash collateral beyond
such date, it would have no ability to maintain day-to-day business
operations.  It further asserted that the use of cash collateral is
necessary to realize and maximize the assets of the estate and
otherwise afford the Debtor an opportunity to reorganize.

Judge Brown authorized the Debtor to honor its obligations as a
statutory trustee under PACA in the ordinary course of business
including paying, at its sole discretion, any post-petition PACA
claims to the extent that the claimant is determined to have a
valid PACA claim.  She directed the Debtor to set aside 30% of its
net revenue into an account created for the sole purpose of
collecting funds for the payment of valid PACA claims, as adequate
protection for the Debtor's use of PACA trust assets.

A full-text copy of the Stipulated Order, dated July 19, 2016, is
available at https://is.gd/lz8O88

                About Grower's Organic, LLC.

Grower's Organic, LLC filed a Chapter 11 bankruptcy petition
(Bankr. D.Co. Case No. 15-19683) on August 28, 2015.  The Debtor
owns and operate a wholesale organic food distributor in Denver,
Colorado.  

The Hon. Elizabeth E. Brown presides over the case.  Lee M. Kutner,
Esq., at Kutner Brinen Garber, P.C. 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 Brian Freeman, managing member.



HALL & SONS: Case Summary & 15 Unsecured Creditors
--------------------------------------------------
Debtor: Hall & Sons Transport, Inc.
        13520 Quesenberry Road
        Von Ormy, TX 78073

Case No.: 16-51621

Chapter 11 Petition Date: July 20, 2016

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

Judge: Hon. Craig A. Gargotta

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

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Henry A. Hall, president.

A copy of the Debtor's list of 15 unsecured creditors is available
for free at http://bankrupt.com/misc/txwb16-51621.pdf


HI-TEMP: Wants Access to $14.7-Mil. DIP Facility From Wells Fargo
-----------------------------------------------------------------
Hi-Temp Specialty Metals, Inc. asks the U.S. Bankruptcy Court for
the Eastern District of New York for authorization to obtain
postpetition financing from Wells Fargo Bank, National
Association.

The DIP Facility contains, among others, the following relevant
terms:

     (a) DIP Facility: Revolving line of credit and letter of
credit facility of up to $14,700,000 inclusive of revolving loans
in excess of pre-petition lending formula limits of up to
$4,100,000.

     (b) Budget: Use of proceeds of DIP Facility are subject to a
Budget that will consist of weekly statements of receipts and
disbursements of the Debtor for the 13 weeks commencing with July
15, 2016.

     (c) Use of DIP Proceeds/Roll-Up Provisions: For working
capital and general corporate purposes, including payment of
Pre-Petition Obligations, in accordance with the Budget.

     (d) Interest Rates: LIBOR plus 3.5% on advances, LIBOR plus
4.5% on Temporary Overadvance Amount.

     (e) Expenses and Fees: A DIP Facility fee of $100,000, which
shall be fully earned as of the entry date of the Interim Financing
Order and payable as follows: (i) $50,000 payable to Wells Fargo,
45 days after the Interim Financing Order and (ii) $50,000 payable
90 days after entry of the Final Financing Order.

     (f) Maturity Date: The date that is the earliest of: (i) May
31, 2017, (ii) the date Hi-Temp terminates the Line of Credit, or
(iii) the date Wells Fargo terminates the Line of Credit following
an Event of Default.

The DIP Facility contemplates a sale of all or substantially all of
Debtor’s assets and properties and establishes these milestones:

     (a) Not later 30 days after the entry of the Interim Financing
Order, Debtor shall obtain the entry of an order of the Bankruptcy
Court, in form and substance satisfactory to Wells Fargo, (i)
approving the bidding procedures for the sale of all or
substantially all of the Debtor’s assets in accordance with
Section 363 of the Bankruptcy Code, including, without limitation,
a form of asset purchase agreement reasonably acceptable to Wells
Fargo, and (ii) providing that all cash proceeds generated by such
Sale, less reasonable out of pocket fees, costs and expenses
directly arising from the closing of such Sale, subject to approval
by Wells Fargo, shall be remitted to Wells Fargo for application
against, and in permanent reduction of, the Indebtedness;

     (b) Not later than 45 days after the entry of the Interim
Financing Order, the Debtor shall have entered into an agreement in
form and substance acceptable to Wells Fargo with a “stalking
horse” bidder, reasonably acceptable to Wells Fargo, committing
to purchase all or substantially all of the Debtor’s assets;

     (c) Not later than 70 days after the entry of the Interim
Financing Order, Debtor shall conduct an auction, in accordance
with the Bid Procedures Order, if more than one bona fide offer is
received meeting the conditions set forth in the Bid Procedures
Order;

   
     (d) Not later than two Business Days after the Auction, an
order, in form and substance satisfactory to Wells Fargo, shall
have been entered by the Bankruptcy Court approving the Sale; and

     (e) Not later than two  Business Days after the Sale Order is
entered, the closing of the Bankruptcy Court-approved Sale shall
have occurred.

The Debtor relates that the DIP Loan Documents will provide it with
access of up to $4.1 million in excess of the pre-petition lending
formulas, which the Debtor and its advisors have independently
determined should be sufficient to support the Debtor's ongoing
operations and reorganization activities through the pendency of
the chapter 11 case.

A full-text copy of the Debtor's Motion, dated July 19, 2016, is
available at https://is.gd/JpsQX3

Wells Fargo is represented by:

          Jonathan N. Helfat, Esq.
          Daniel F. Fiorillo, Esq.
          Otterbourg, P.C.
          230 Park Avenue
          New York, NY 10169-0075

                About Hi-Temp Specialty Metals, Inc.

Founded in 1982, Hi-Temp Specialty Metals, Inc. is a recycler and
provider of specialty recycled metals for the super alloy
industry.

Hi-Temp is a wholly-owned subsidiary of Hi-Temp Acquisition Corp.,
Inc.  Joseph Smokovich owns 87% of HTAC common stock and the
remaining 13% is owned by Larry Stryker, a former employee.
Hi-Temp employs between 20-25 people.

Hi-Temp sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. E.D.N.Y. Case No. 16-72767) on June 22, 2016.  The case is
assigned to Judge Louis A. Scarcella.  The petition, signed by
President and Chief Executive Officer Joseph Smokovich, estimates
assets in the range of $10 million to $50 million and liabilities
of up to $50 million.

The Debtor is represented by Gerard DiConza, Esq., at Diconza
Traurig Kadish LLP.



HOOVER WELL: U.S. Trustee Forms 2-Member Committee
--------------------------------------------------
The U.S. Trustee appointed two creditors to serve on the official
committee of unsecured creditors in the Chapter 11 case of Hoover
Well Service, LLC.

The committee members are:

     (1) 101 Pipe Casting Inc.
         30300 Agoura Road, Suite 240
         Agoura Hills, CA
         Tel: (800) 332-9101
         Fax: (818) 707-9126
         E-mail: aaronw@w-legal.com

     (2) HERC CHEM TECH, LLC aka HCT, LLC
         Attn: Todd Eden
         7032 East Cortez Road
         Scottsdale, AZ 85254-5123
         Tel: (480) 650-6955
         Fax: (480) 346-9696
         E-mail: teden@hctllc.com

Headquartered in Casa Grande, Arizona, Hoover Well Service, LLC,
filed for Chapter 11 bankruptcy protection (Bankr. D. Ariz. Case
No. 16-03734) on April 8, 2016, estimating its assets and
liabilities at between $1 million and $10 million each.  The
petition was signed by Tommy John Hoover, member.

Judge Scott H. Gan presides over the case.

Dean M. Dinner, Esq., and David Anthony McCarville, Esq., at
Nussbaum Gillis & Dinner, P.C., serves as the Debtor's bankruptcy
counsel.


HOVBROS PROPERTIES: Voluntary Chapter 11 Case Summary
-----------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

     Debtor                                        Case No.
     ------                                        --------
     HovBros Properties, Inc.                      16-23930
     900 Birchfield Drive
     Mount Laurel, NJ 08054

     HovPro Investment Group, LLC                  16-23933
     900 Birchfield Drive
     Mount Laurel, NJ 08054

Type of Business: Single Asset Real Estate

Chapter 11 Petition Date: July 20, 2016

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

Judge: Hon. Jerrold N. Poslusny Jr.

Debtors' Counsel: Albert A. Ciardi, III, Esq.
                  CIARDI CIARDI & ASTIN, P.C.
                  One Commerce Square
                  2005 Market Street, Suite 3500
                  Philadelphia, PA 19103
                  Tel: 215-557-3550
                  Fax: 215-557-3551
                  E-mail: aciardi@ciardilaw.com

                                          Estimated   Estimated
                                           Assets    Liabilities
                                         ----------  -----------
HovBros Properties                       $100K-$500K  $10M-$50M
HovPro Investment                        $1M-$10M     $10M-$50M

The petitions were signed by Peter Hovnanian, managing member.

The Debtors did not include a list of their largest unsecured
creditors when they filed the petitions.


HUGHES SATELLITE: Moody's Hikes Corporate Family Rating to B1
-------------------------------------------------------------
Moody's Investors Service upgraded Hughes Satellite Systems
Corporation's corporate family rating to B1 from B2 and its
probability of default rating to B1-PD from B2-PD, while
simultaneously assigning a Ba2 rating to the company's new $500
million senior secured notes and a B3 rating to its new $500
million senior unsecured notes. As part of the same action, Moody's
upgraded ratings of the company's existing senior secured notes to
Ba2 from Ba3 and affirmed the B3 ratings of existing senior
unsecured notes. Moody's also upgraded Hughes' speculative grade
liquidity rating, to SGL-1 (very good) from SGL-3 (adequate). The
company's rating outlook remains stable.

The upgrade stems from Moody's expectations for strong EBITDA
expansion in 2017 and 2018 as subscriber loading on EchoStar 19
begins subsequent its launch in Q4-2016. With Hughes' existing
satellite broadband capacity fully utilized, Moody's expects solid
cash flow growth once commercial service on the new satellite, with
its upgraded capabilities, begins. Additional EBITDA expansion is
expected from other capacity additions, notably on newly launched
capacity leased from other operators and focused on the Brazilian
and European markets.

EchoStar Corporation's (EchoStar, Hughes parent company) decision
to contribute EchoStar 19 into Hughes in return for additional
common equity is an additional credit-positive consideration
(Moody's estimates the contribution at $550 million to $600
million). While Hughes has not specifically itemized the use of
proceeds for the new notes issue, Moody's expects the proceeds to
be used for either EBITDA-accretive activities (including capital
expenditures and small acquisitions) or debt refinance such that
leverage of Debt-to-EBITDA (Moody's adjusted) is well below 4x in
2017 after giving effect to deploying the proceeds. Additionally,
the ratings are contingent on Moody's review of final documentation
and no material change in previously advised terms and conditions.

The following summarizes Hughes ratings and today's ratings and
outlook actions:

Issuer: Hughes Satellite Systems Corporation

Assignments:

-- Senior Secured Regular Bond/Debenture, Assigned Ba2 (LGD2)

-- Senior Unsecured Regular Bond/Debenture, Assigned B3 (LGD5)

Other rating and outlook actions:

-- Corporate Family Rating, Upgraded to B1 from B2

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

-- Outlook, Maintained at Stable

-- Speculative Grade Liquidity Rating, Upgraded to SGL-1 from
    SGL-3

-- Senior Secured Regular Bond/Debenture, Upgraded to Ba2 (LGD2)
    from Ba3 (LGD2)

-- Senior Unsecured Regular Bond/Debenture, Affirmed at B3 (LGD5)

RATINGS RATIONALE

Hughes' B1 corporate family rating is based primarily on
expectations of growing revenue and EBITDA as new satellite
capacity is deployed in 2017/2018, confidence that the company's
sizeable cash position, which has been bolstered by a sizeable debt
issue, will be used to construct or acquire EBITDA-generating
assets or to pre-fund 2019 debt maturities, such that leverage of
Debt-to-EBITDA is well below 4x (Moody's adjusted) in 2017. The
rating is constrained by uncertain demand and return economics for
the consumer broadband internet business, revenue concentration
from Dish relationship (some 25%-to-30% of annual revenues), and
opaque strategy, objectives and reporting.

Hughes speculative grade liquidity rating is SGL-1, indicating
adequate liquidity based on a post-debt issue cash balance of ~$1.5
billion (most of which Moody's assumes will be used
EBITDA-accretive activities (including capital expenditures and
small acquisitions) or to refinance future debt maturities), plus
free cash flow of approximately $150 million to $200 million over
the next year.

Rating Outlook

The stable outlook is predicated on expectations of a stable
business model and, accounting for the delivering potential of the
company's cash position, of leverage of Debt-to-EBITDA being well
below 4x in 2017.

What Could Change the Rating - Up

Sustained FFO margin above 45% (36% at 31Mar16)

Sustained debt-to-EBITDA leverage below 3.0x (2.7x at 31Mar16).

Positive industry fundamentals

Growing cash flow

Solid liquidity arrangements

What Could Change the Rating - Down

Sustained FFO margin below 20% (36% at 31Mar16)

Sustained debt-to-EBITDA leverage above 4x (2.7x at 31Mar16).

Deterioration in industry fundamentals

Cash flow declines

Weaker liquidity arrangements

Based in Englewood, Colorado, Hughes Satellite Systems Corporation
(Hughes) is a private, wholly-owned subsidiary of EchoStar
Corporation (EchoStar, not rated), an Englewood, Colorado-based
global provider of satellite operations and satellite-based
transmission capacity.


HUGHES SATELLITE: S&P Assigns 'BB-' Rating on Proposed Sr. Notes
----------------------------------------------------------------
S&P Global Ratings assigned its 'BBB-' issue-level rating and '1'
recovery rating to Englewood, Colo.-based satellite services
provider Hughes Satellite Systems Corp.'s (HSS) proposed senior
secured notes.  The '1' recovery rating indicates S&P's expectation
for very high (90%-100%) recovery of principal in the event of a
payment default.  At the same time, S&P assigned its 'BB-'
issue-level rating and '5' recovery rating to the company's
proposed senior unsecured notes.  The '5' recovery rating indicates
S&P's expectation for modest (10%-30%; lower half of the range)
recovery of principal for lenders in the event a payment default.
The company plans to use the proceeds from the $1 billion notes
issuance for capital expenditures (including future satellite
construction), working capital, and other general corporate
purposes.

At the same time, S&P lowered the issue-level rating on HSS's
7.625% senior unsecured notes due 2021 to 'BB-' from 'BB' and
revised the recovery rating to '5' from '4'.  The '5' recovery
rating indicates S&P's expectation for modest (10%-30%; lower half
of the range) recovery of principal in the event of a payment
default.  The revised recovery rating reflects our lower recovery
expectations for existing unsecured lenders as a result of the
incremental $1 billion of debt.

S&P affirmed its 'BBB-' issue-level rating on HSS's 6.5% senior
secured notes due 2019.  The recovery rating remains '1',
indicating S&P's expectation for very high (90%-100%) recovery of
principal in the event of a payment default.

The 'BB' corporate credit rating is unchanged and the outlook
remains stable.  The stable outlook reflects S&P's expectation for
low- to mid-single-digit percent revenue growth over the next few
years, driven by the company's satellite-broadband segment.  S&P
expects net adjusted leverage to be around 2x in 2016, but do not
expect the company to materially improve its credit metrics in the
near term due to its elevated level of capital spending.

                         RECOVERY ANALYSIS

Key analytical factors

   -- S&P's default scenario contemplates the company's satellite-
      based communications services facing weak demand, pricing
      pressure, and higher operating expense in the currently
      faster-growing consumer and small business segment.  The
      default would likely be the result of competition from
      lower-cost terrestrial network options and high operating
      costs associated with near-term launches.

Simulated default assumptions
   -- Simulated year of default: 2021
   -- EBITDA at emergence: $440 million
   -- EBITDA multiple: 5x

Simplified waterfall
   -- Net enterprise value (after 5% in administrative costs):
      $1.88 billion
   -- Valuation split in % (obligors/nonobligors): 90/10
   -- Priority claims: $326 million
   -- Collateral value available to secured creditors:
      $1.56 billion
   -- Senior secured debt: $ 1.54 billion
      -- Recovery expectation: 90%-100%
   -- Collateral value available to unsecured claims: $228 million
   -- Senior unsecured debt: $1.45 billion
      -- Recovery expectation: 10%-30% (lower half of the range)

Note: All debt amounts include six months of prepetition interest.

RATINGS LIST

Hughes Satellite Systems Corp.
Corporate Credit Rating              BB/Stable/--
Senior Secured Notes due 2019         BBB-          
  Recovery Rating                     1           

New Rating

Hughes Satellite Systems Corp.
Senior Secured Notes                 BBB-
  Recovery Rating                     1
Senior Unsecured Notes               BB-
  Recovery Rating                     5L

Downgraded; Recovery Rating Revised

Hughes Satellite Systems Corp.
                                      To           From
Senior Unsecured Notes due 2021      BB-          BB
  Recovery Rating                     5L           4H


ICAGEN INC: Closes Acquisition of Sanofi Arizona Research Facility
------------------------------------------------------------------
Icagen, Inc., announced that the acquisition of Sanofi's ultra
high-throughput biology, screening and chemistry capabilities and
research facility in Oro Valley, Arizona (located near Tucson,
Arizona) is officially complete.  The acquisition includes an
agreement between Icagen and Sanofi to collaborate in a multi-year
services contract for long term discovery services.

As part of its growth plans, the deal will enable Icagen to enhance
its current expertise as a specialized pharmaceutical services
company with leading capabilities in ion channels and transporters.
"The acquisition of Sanofi's west coast ultra high throughput
screening Biology and Chemistry capabilities complements our
scientific expertise enabling us to offer a broad range of
integrated drug discovery services in a growing market," says
Icagen President and CEO, Richard Cunningham.

As part of the agreement, Icagen will manage an extensive Sanofi
compound library, making it accessible, under specific conditions,
to a broader number of partners and increasing the potential for
drug discovery.  "The scientists at the Oro Valley site bring a
high level of proficiency in synthetic and computational chemistry,
and additional capabilities for rare disease biology and phenotypic
screening," commented Douglas Krafte, chief scientific officer at
Icagen in a preliminary announcement of the deal.

The Oro Valley HTS and Compound Management Center has roots as a
University of Arizona start-up.  The facility has been in operation
since 1990, and has built a large novel proprietary collection of
drug like compounds over the decades.  The facility was originally
privately acquired by MMD in 1995.  Specifically, services at the
site include, Discovery Biology, Chemistry and, Compound Management
and Computational Chemistry.  The site also provides capacity in
Cell Models, Human Biomarkers, Muscle Biology Expertise and Stem
Cells-based assays.  The facility also features High Volume Biology
with a flexible Robotic Infrastructure capable of performing HTS in
Ultra High 1536 format.

Additional information is available for free at:

                    https://is.gd/K7ZDFN

                        About Icagen

Icagen, Inc., formerly known as XRpro Sciences, Inc., is a
biopharmaceutical company, focuses on the discovery, development,
and commercialization of orally-administered small molecule drugs
that modulate ion channel targets.  Its drug candidates include
ICA-105665, a small molecule compound that targets specific KCNQ
ion channels for the treatment of epilepsy and pain, which is in
Phase II clinical trial stage; and a compound that targets the
sodium channel Nav1.7 for the treatment of pain, which is in Phase
I clinical trial stage.

Icagen reported a net loss applicable to common stock of $8.72
million on $1.58 million of sales for the year ended Dec. 31, 2015,
compared to a net loss applicable to common stock of $569,288 on
$541,794 of sales for the year ended Dec. 31, 2014.

As of Dec. 31, 2015, Icagen had $12.9 million in total assets,
$11.2 million in total liabilities, $133,350 in convertible
redeemable preferred stock, and $1.57 million in total
stockholders' equity.

RBSM LLP, in New York, issued a "going concern" qualification on
the consolidated financial statements for the year ended Dec. 31,
2015, citing that the Company has incurred recurring operating
losses, which has resulted in an accumulated deficit of
approximately $22.143 million at Dec. 31, 2015.  These conditions
among others raise substantial doubt about the Company's ability to
continue as a going concern.


IMPERIAL METAL: Moody's Affirms Caa1 Corporate Family Rating
------------------------------------------------------------
Moody's Investors Service, affirmed Imperial Metals Corporation's
Corporate Family Rating at Caa1, Probability of Default Rating at
Caa1-PD, and Senior Unsecured rating at Caa2. At the same time the
ratings outlook was changed to positive from negative. The
company's speculative liquidity rating (SGL) was upgraded to a
SGL-3 from SGL-4.

"The positive outlook reflects our expectation of leverage trending
below 5x, now that Mount Polley has received authorization to
return to normal operations", said Jamie Koutsoukis, Moody's vice
president and senior analyst.

Upgrades:

Issuer: Imperial Metals Corporation

-- Speculative Grade Liquidity Rating, Upgraded to SGL-3 from
    SGL-4

Outlook Actions:

Issuer: Imperial Metals Corporation

-- Outlook, Changed To Positive From Negative

Affirmations:

Issuer: Imperial Metals Corporation

--  Probability of Default Rating, Affirmed Caa1-PD

--  Corporate Family Rating, Affirmed Caa1

-- Senior Unsecured Regular Bond/Debenture (Foreign Currency) Mar
15, 2019, Affirmed Caa2 (LGD4)

RATINGS RATIONALE

IMC's Caa1 Corporate Family rating (CFR) is driven by its moderate
scale and mine diversity with a concentration of cash flows at two
mines and its high leverage. These risks are mitigated by improved
operating performance and adequate liquidity. With the Red Chris
mine now operating at its design specifications, and Mount Polley
having received authorization to resume normal operations, we
believe IMC's adjusted leverage could trend below 5x by 2017 (18x
as of Q1/16) from higher volumes. However with all the company's
production from these two mines, the company is exposed to
potential material reductions in cash flows should either site
encounter operational issues. Additionally, weak copper prices
could limit the improvement. The Red Chris and Mount Polley mines
benefit from locations in a favorable mining jurisdiction (Canada),
long reserve lives, multi-metal diversity, and low expected costs.

Moody's said, "The company's near term liquidity is adequate
(SGL-3) given C$11 million in cash at Q1/16 and our expectation of
about $50 million of free cash flow over the next 12 months. IMC
recently extended the maturity date of its C$200 million senior
secured revolving credit facility (fully drawn inclusive of letters
of credit) to March 15, 2018 and extended the maturity date of its
C$50 million second lien secured revolving credit facility (fully
drawn) to August 15, 2018. The facilities contain maximum leverage
and minimum fixed charge covenants which we believe they will
remain in compliance with. The financial covenants under both
facilities were amended to reflect the impact of reduced commodity
prices. Debt maturities remain relatively light until March 2018,
when the senior credit facility matures."

The positive outlook reflects Moody's view that IMC's leverage will
materially improve in the next 12 to 18 months with both the Red
Chris and Mount Polley mines at full operation.

Moody's said, “A higher rating would require Red Chris to
continue to consistently meet design specifications, and Mount
Polley demonstrating its ability to sustain full operations. We
would also expect IMC to reduce and maintain its adjusted financial
leverage below 5x.

“A lower rating could occur if we expected IMC would be unable to
fund its cash requirements as they become due.”

Imperial Metals Corporation wholly-owns Red Chris and Mount Polley
- both open pit copper/ gold mines located in British Columbia,
Canada, and 50% of Huckleberry (operations have been suspended), an
open pit copper mine also located in British Columbia. Mount Polley
incurred a breach of its tailings dam in August, 2014, and received
authorization to resume normal operations in June 2016. Red Chris
achieved commercial production on July 1, 2015.


INNOVATIVE CONSTRUCTION: Court to Take Up Plan Outline on Aug. 12
-----------------------------------------------------------------
The U.S. Bankruptcy Court for the Western District of Pennsylvania
is set to hold a hearing on August 12, at 10:00 a.m., to consider
the disclosure statement detailing the Chapter 11 plan of
Innovative Construction, Inc.

The hearing will take place at U.S. Steel Tower, Courtroom D, 54th
Floor, 600 Grant Street, Pittsburgh, Pennsylvania.  Objections to
approval of the disclosure statement are due by August 5.

                 About Innovative Construction

Innovative Construction, Inc. sought protection under Chapter 11 of
the Bankruptcy Code in the U.S. Bankruptcy Court for the Western
District of Pennsylvania (Pittsburgh) (Bankr. W.D. Pa., Case No.
16-20088) on January 12, 2016. The petition was signed by Linda
Menichino, president.

The Debtor is represented by Robert O. Lampl, Esq.  The case is
assigned to Judge Jeffery A. Deller.

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


JOSEPH OLADOKUN: Hearing on Plan & Outline to Be Held on Sept. 14
-----------------------------------------------------------------
The Hon. Brenda Moody Whinery of the U.S. Bankruptcy Court for the
District of Arizona set Sept. 14, 2016, at 11:00 a.m. as hearing
date for Joseph Oladokun and Florence A. Oladokun's Third Amended
Disclosure Statement and Third Amended Plan of Reorganization.

The Debtors filed their Third Amended Disclosure Statement and
Third
Amended Plan of Reorganization on June 30, 2016.
  
Joseph Oladokun filed for Chapter 11 bankruptcy protection (Bankr.
D. Ariz. Case No. 12-07178) on April 5, 2012.


JOY-KAY INC: Exclusive Plan Filing Deadline Moved to Oct. 30
------------------------------------------------------------
The Hon. Stacey L. Meisel of the U.S. Bankruptcy Court for the
District of New Jersey has extended, at the behest of Joy-Kay, Inc.
t/a Super Saver Liquors, the exclusive period to file a plan for 90
days through Oct. 30, 2016.

As reported by the Troubled Company Reporter on June 28, 2016, the
Debtor needs additional time to consider the competing offers,
finalize a contract for the sale of its liquor license, file a
motion to approve the sale and thereafter file a liquidating plan.
The Debtor has, during its exclusive period, resolved a substantial
claim of the landlord and obtained an offer for its liquor license
which will provide a substantial dividend to creditors and may even
result in funds being available for equity holders.  The Debtor
should be in a position to finalize an agreement of sale for its
liquor license promptly and thereafter be in a position to file a
motion to approve a sale and move for confirmation of a liquidating
plan.

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

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


LEAP FORWARD: Selling Personal Property to IGT
----------------------------------------------
Leap Forward Gaming, Inc., asks the U.S. Bankruptcy Court for the
District of Nevada to authorize the sale of personal property to
International Game Technology for up to $8,500,000, and approve the
settlement and compromise of disputed claims.

A hearing for the Motion is set for Aug. 29, 2016 at 2 p.m.

In 2015, IGT filed a civil action against LFG, Saffari, Bruce
Cunningham and Perry Cobb in the United States District Court in
Las Vegas ("IGT Civil Action") for alleged misappropriation of
trade secrets.

LFG and IGT have entered into the Asset Purchase Agreement ("APA")
which accomplishes a sale of LFG's asset and resolves the IGT Civil
Action.  The APA contains mutual releases between IGT and LFG.

Under the APA, LFG sells to IGT these assets:

     (a) All computers (and related hardware, software and data
bases), equipment and other fixed assets, in each case, owned by
Seller and used for, held for use for, or related to, the Products,
all of which are listed on Schedule 1.1(a).

     (b) All inventories, including parts, work in process, and
finished goods owned by Seller and used or useful in connection
with the Products.

     (c) All data and records, including books and records (other
than minute books and records of directors' and shareholders'
meetings), computer software, vendor lists, designs, manuals,
warranties, customer lists, credit information, processes,
formulae, proprietary rights, know-how and other similar intangible
property and rights owned by Seller and relating to the Products.

     (d) All cost sheets, bills of material, pricing information,
part information, technical information, customer data, engineering
data, inspection data, production data, blueprints and
specifications, drawings, licenses, license agreements, formulae,
processes, trade secrets, software (including documentation and
source code) of and related to the Products, in each case, owned by
Seller.

     (e) All proprietary rights, know-how and other information
related to the Products not described in subsection 1.1(e) above,
in each case, which are owned, licensed or otherwise used by
Seller.

     (f) The trademarks and trademark applications, tradenames,
licenses, copyrights and applications and all similar rights owned
by Seller and related to the Products listed on Schedule 1.1 (f).

     (g) All goodwill as a going concern with respect to the
Purchased Assets.

     (h) The patents listed on Schedule 1.1(h).

     (i) Such other assets that are licensed or otherwise used by
Seller necessary to deliver the Products to existing and potential
customers of Buyer ("Third Party Assets and Licenses"). The Third
Party Assets and Licenses are listed on Schedule 1.1(i).
     (j) The books and records of Seller relating to subsection 1.1
(a) through (i) above.

At the Closing, which is defined as 15 days after entry of an Order
approving the Sale Motion, IGT will pay LFG the sum of $2,500,000
cash which will be held pending further order of the Court.  The
security interest in favor of MIHI LLC, which holds a security
interest in the property, will attach to the proceeds of sale.  In
addition, the APA provides for an Earn Out of up to $6,000,000 in
additional purchase price, all of which is also subject to the
security interest in favor of MIHI.

Attorney for the Debtor:

          Jeffrey L. Hartman, Esq.
          HARTMAN & HARTMAN
          510 West Plumb Lane, Suite B
          Reno, Nevada 89509
          Telephone: (775) 324-2800
          E-mail: notices@bankruptcyreno.com

                    About Leap Forward Gaming

Leap Forward Gaming, Inc., sought Chapter 11 protection (Bankr. D.
Nev. Case No. 16-50850) on July 8, 2016.  Judge Bruce T. Beesley is
assigned to the case.  The Debtor estimated assets of
$2.46 million and $26.02 million in debt.  Jeffrey L Hartman, Esq.,
at Hartman & Hartman, serves as the Debtor's counsel.  The petition
was signed by Darby Bryan, CFO/Controller.


LENNAR BUFFINGTON: Selling Property to RSI Communities for $16MM
----------------------------------------------------------------
Lennar Buffington Stonewall Ranch, LP, filed a motion to sell
property pursuant to 11 U.S.C. Sec. 363(f), and to assume and
assign executory contracts with consent from United Development
Funding, LP.

The Debtor was formed on May 13, 2005, to develop real estate
located near Liberty Hill in Williamson County, Texas.  The Debtor
is a Texas limited partnership.

As part of the development of the property, the Debtor formed a
Municipal Utility District (the "MUD").  Prior to May 30, 2008, the
equity of the Debtor was owned equally by affiliates of Buffington
Homes and Lennar Homes.  Prior to the filing of the bankruptcy
case, the Debtor formed the Stonewall Ranch Municipal Utility
District (the "MUD") and spent approximately $7,100,000 in
development costs.  These costs are reimbursable under the MUD once
development commences and ad valorem taxes are generated that will
support revenue for the issuance of bonds.

Prior to the filing of the bankruptcy case, the Debtor received
approximately $1,800,000 in reimbursements from previous bond
issuances in 2009 and 2011.  The MUD submitted a 2015 bond package
to the TCEQ for issuance of a $1,580,000 bond.  The bond was
approved by the state but not issued due to non-payment of property
taxes by the Debtor.

Upon payment of property taxes from a sale of the Real Property,
the bond should issue and fund approximately $1,100,000 in
reimbursable expenses to the buyer.  The District also has
approximately $400,000 in surplus funds that could be paid to
reimburse the developer.  Reimbursement of any future funds
requires development and home building operations to produce more
value for ad valorem taxes that will support additional bond
sales.

On May 30, 2008, the Lennar and Buffington parties executed an
Assignment and Assumption Agreement by which the Lennar entities
transferred their interest in the Debtor to Buffington affiliates.

The Debtor granted a lien on its assets to secure the payments to
be made to the Lennar parties.  The deed of trust was recorded on
June 25, 2010.

The Lennar deed of trust was subordinated to the following: a debt
payable to RBC Bank (USA), in the amount of $35,000,000; a debt
payable to United Development Funding, LP in the amount of
$21,500,000; and a debt payable to First Continental investment
Co., Ltd. in the amount of $4,500,000.

PNC Bank, N.A. is the successor in interest to RBC Bank (USA).

The Debtor and the other land-owning entities controlled by
Buffington Homes also incurred a debt in excess of $100 million to
United Development Funding III, LP, which is also collateralized by
their real property.  This debt was guaranteed up to $5 million by
Thomas B. Buffington.  The only relationship between the Buffington
entities and the UDF entities is that of borrower and lender.

Before the filing of the Debtor sold a portion of its property and
obtained partial releases from its lenders for the property
previously sold.  Before Nov. 30, 2015, PNC Bank, N.A. had posted
the Debtor's real property for foreclosure.  Additionally, a suit
to collect delinquent ad valorem taxes was pending in the District
court of Williamson County, Texas and a suit by Lennar Homes of
Texas Land and Construction, Ltd. and Lennar Texas Holding Company
(the "Lennar Suit") was pending in the District Court of Travis
County, Texas at that time.  The Lennar suit was styled No.
D-1-GN-14-002106, Lennar Homes of Texas Land and Construction, Ltd.
and Lennar Texas Holding Company v. Buffington Stonewall Ranch,
Ltd., et al.

The Debtor and other defendants filed counterclaims against the
Lennar entities in the Lennar Suit.  The automatic stay was lifted
in this bankruptcy case to allow the Lennar Suit to proceed against
the non-Debtor parties.

During the case, the Debtor with assistance from UDF has attempted
to locate a buyer for the Real Property.  Based on its experience
as a lender to numerous developers for many properties, UDF
believes that $16,000,000 is within the range of values that a
developer will pay for the real property owned by the Debtor and
the ancillary rights, including all rights under the MUD agreements
and rights with the City of Liberty Hill related to the MUD.  This
price reflects the significant costs and time that will be required
for a Buyer to complete the development.

                            Sale to RSI

The Debtor has negotiated a sale of its assets to RSI Communities,
LLC, and has executed a Contract of Sale of real property owned by
the Debtor and PH SPMSL, LP, a non-debtor (the "RSI Contract"),
subject to the approval of the sale by this Court.  The sales price
under the RSI Contract is $16 million for the real property owned
by the Debtor and PH SPMSL, LP, a non-debtor.  The price will be
allocated on the following basis: $14,952,566 to the Debtor and
$1,047,434 to PH SPMSL, LP. The price allocated to PH SPMSL was
based upon $52,265 per lot for two 50 foot lots and $58,931.51 per
lot for sixteen 60 foot lots.  The RSI Contract provides for the
sale to close on or before August 15, 2016. A copy of the executed
contract is available from Debtor's counsel upon request.

The RSI Contract also requires the sale of personal property
related to the real estate.  This personal property consists
primarily of capitalized transaction costs of $5.6 million, which
value is incorporated into the Debtor's real property, and MUD
reimbursables in the amount of $7.2 million, which are appurtenant
to the Debtor's real property. RSI is purchasing all MUD
Receivables as part of the $16,000,000 purchase and taking an
assignment of the Debtor's rights under executory contracts, after
the Debtor assumes such contracts.

The liabilities of the Debtor that are secured by real and personal
assets that are the subject of the RSI Contact and the priorities
of those liabilities are:

    Claimant                     Amount (in $)   Priority of Liens
    --------                     -------------   -----------------
Secured Tax Claim of
  Williamson County                   276,721            1st

PNC                                 2,890,462            2nd

UDF                                21,500,000            3rd

Lennar                              3,152,428            4th

UDF III & portion of UDF Debt that
exceeds value of collateral       116,555,223

The Debtor estimates closing costs of $448,577 for the sale under
the RSI Contract for a net sales price of approximately
$14,504,000.

After closing costs the Debtor estimates ad valorem tax claims with
postpetition and interest to be $306,722.

The Debtor does not believe that any defaults exist under any
documents related to the MUD, except with the City of Liberty Hill
as noted herein.

Defaults exist under the agreements between the Debtor and the City
of Liberty Hill and the Debtor estimates that payments to cure the
defaults to allow assumption of the agreements will be
approximately $400,000.

The Debtor estimates that the claim of PNC with accrued interest
and attorneys' fees in the amount of $520,000 will total
approximately $4,200,000.

The Debtor's attorneys:

         Stephen W. Sather, Esq.
         Barbara M. Barron, Esq.
         BARRON & NEWBURGER, P.C.
         1212 Guadalupe, Suite 104
         Austin, TX 78701
         Tel: (512) 476-9103 Ext. 220
         Fax: (512) 476-9253

An involuntary Chapter 11 petition was filed against Lennar
Buffington Stonewall Ranch, LP (Bankr. W.D. Tex. Case No. 15-11548)
on Nov. 30, 2015.  UDF Development Funding III, LP, allegedly owed
$106,539,986 on a secured loan, signed the petition.  UDF is
represented by Richard W. Ward, Esq.  Hon. Christopher H. Mott is
the case judge.


LOUISIANA CRANE: Hires Heller Draper as Bankruptcy Counsel
----------------------------------------------------------
Louisiana Crane & Construction, LLC seeks authorization from the
U.S. Bankruptcy Court for the Western District of Louisiana to
employ Heller, Draper, Patrick, Horn & Dabney, LLC as bankruptcy
counsel, nunc pro tunc to the June 27, 2016 petition date.

The Debtor requires Heller Draper to render these professional
services:

   (a) advising the Debtor with respect to its rights, powers and
       duties as Debtor and Debtor-in-Possession in the continued
       operation and management of the businesses and properties;

   (b) preparing and pursuing confirmation of a plan of
       reorganization and approval of a disclosure statement;

   (c) preparing on behalf of the Debtor all necessary
       applications, motions, answers, proposed orders, other
       pleadings, notices, schedules and other documents, and
       reviewing all financial and other reports to be filed;

   (d) advising the Debtor concerning and preparing responses to
       applications, motions, pleadings, notices and other
       documents which may be filed by other parties herein;

   (e) appearing in Court to protect the interests of the Debtor
       before this Court;

   (f) representing the Debtor in connection with use of cash
       collateral and/or obtaining post-petition financing;

   (g) advising the Debtor concerning and assisting in the
       negotiation and documentation of financing agreements, cash

       collateral orders and related transactions;

   (h) investigating the nature and validity of liens asserted
       against the property of the Debtor, and advising the Debtor

       concerning the enforceability of said liens;

   (i) investigating and advising the Debtor concerning, and
       taking such action as may be necessary to collect income
       and assets in accordance with applicable law, and the
       recovery of property for the benefit of the Debtor's
       estate;

   (j) advising and assisting the Debtor in connection with any
       potential property dispositions;

   (k) advising the Debtor concerning executory contract and
       unexpired lease assumptions, assignments and rejections and

       lease restructuring, and recharacterizations;

   (l) assisting the Debtor in reviewing, estimating and resolving

       claims asserted against the Debtor's estate;

   (m) commencing and conducting litigation necessary and
       appropriate to assert rights held by the Debtor, protect
       assets of the Debtor's chapter 11 estate or otherwise
       further the goal of completing the Debtor's successful
       reorganization; and

   (n) performing all other legal services for the Debtor which
       may be necessary and proper in this case.

Heller Draper will be paid at these hourly rates:

       William H. Patrick, III      $450
       Douglas S. Draper            $450
       Leslie A. Collins            $375
       Greta M. Brouphy             $350
       Other Associates             $300
       Paralegals                   $120

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

On June 24, 2016, Heller Draper received a retainer in the amount
of $77,254.01 from the Debtor.  Heller Draper also received $375.99
on June 24, 2016 from Louisiana Liquid Services, LLC.  The retainer
was placed in a trust account.  Heller Draper applied $20,000 from
the retainer for services rendered and expenses incurred in
contemplation of and prior to the filing, which included the $1,717
chapter 11 filing fee.

Douglas S. Draper, member of Heller Draper, 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.

Heller Draper can be reached at:

       Douglas S. Draper, Esq.
       HELLER, DRAPER, PATRICK, HORN & DABNEY, LLC
       650 Poydras Street, Suite 2500
       New Orleans, LA 70130
       Tel: (504) 299-3300
       E-mail: ddraper@hellerdraper.com

Headquartered in Eunice, Louisiana, Louisiana Crane & Construction,
L.L.C., fka Louisiana Crane Company, LLC, filed for Chapter 11
bankruptcy protection (Bankr. W.D. La. Case No. 16-50876) on June
27, 2016, estimating its assets at up to $50,000 and its
liabilities at between $10 million and $50 million.  The petition
was signed by Douglas D. Marcantel, chief financial officer.

Judge Robert Summerhays presides over the case.

Michael A. Crawford, Esq., who has an office in Baton Rouge,
Louisiana, and Barry W. Miller, Esq., at Heller, Draper, Patrick,
Horn & Dabney, LLC, serve as the Debtor's bankruptcy counsel.


M SPACE HOLDINGS: Court Issues Final Order Authorizing Cash Use
---------------------------------------------------------------
Judge Joel T. Maker of the U.S. Bankruptcy Court for the District
of Utah issued a Final Order authorizing M Space Holdings, LLC to
use the cash collateral of Agent PNC Bank, National Association and
the Debtor's secured lenders.

As of the Petition Date, the Debtor is indebted to the Secured
Parties in the principal amount of $59,678,225, plus prepetition
interest, fees, expenses and other amounts arising under the
Prepetition Credit Agreement.

Judge Maker acknowledged that it is in the best interest of the
Debtor's estate that it be allowed to use the Prepetition
Collateral and Cash Collateral, and to grant adequate protection to
the interests of the Agent in the Prepetition Collateral, on a
final basis.

The approved Budget covers a six-month period, from May through
October 2016.  The Budget provides for total operating expenses in
the amount of $1,927,000 and total critical non-operating expenses
in the amount of $2,437,000.  The operating expenses include, among
others, payroll and healthcare, contractor fees, facility
rents/leases, and property taxes.  The critical non-operating
expenses include, among others, severance payments to critical
employees, professional fees, and the return of security deposits.

A full-text copy of the Order, dated July 19, 2016, is available at
https://is.gd/rfLeHf

PNC Bank, National Association and HSBC are represented by:

          Joshua I. Divack, Esq.
          HAHN & HESSEN LLP
          488 Madison Avenue
          New York, NY 10022
          Telephone: (212)478-7340
          Facsimile: (212)478)7400
          Email: jdivack@hahnhessen.com

The Official Committee of Unsecured Creditors is represented by:

          Janet D. Gertz, Esq.
          COOLEY LLP
          4401 Eastgate Mall
          San Diego, CA 92121-1909
          Telephone: (858)550-6128
          Facsimile: (858)550-6420
          Email: jgertz@cooley.com

                 About M Space Holdings, LLC.

M Space Holdings, LLC, is a provider of turnkey complex modular
space solutions.  The Debtor sought protection under Chapter 11
(Bankr. D. Utah Case No. 16-24384) on May 19, 2016.  The petition
was signed by Jeffrey Deutschendorf, chief executive officer and
president.

The Debtor is represented by Mona L. Burton, Esq., Sherilyn A.
Olsen, Esq., and Ellen E. Ostrow, Esq., at Holland & Hart LLP.  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.


M. SANNUTI DEVELOPMENT: Voluntary Chapter 11 Case Summary
---------------------------------------------------------
Debtor: M. Sannuti Development, Inc.
        999 Street Road
        Southampton, PA 18966

Case No.: 16-15123

Chapter 11 Petition Date: July 20, 2016

Court: United States Bankruptcy Court
       Eastern District of Pennsylvania (Philadelphia)

Judge: Hon. Ashely M. Chan

Debtor's Counsel: Jon M. Adelstein, Esq.
                  ADELSTEIN & KALINER, LLC
                  Penn's Court
                  350 South Main Street, Suite 105
                  Doylestown, PA 18901
                  Tel: (215) 230-4250
                  Fax: (215) 230-4251
                  E-mail: jadelstein@adelsteinkaliner.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Michael L. Sannuti, member of Faith SSP,
LLC, shareholder.

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


M2J2 LLC: Hires Nathan Horowitz as Attorney
-------------------------------------------
M2J2, LLC seeks permission from the U.S. Bankruptcy Court for the
Southern District of New York to employ Nathan Horowitz, Esq. as
attorney.

The Debtor requires Mr. Horowitz to:

   (a) prepare and finalize Schedules, the Statement of Financial
       Affairs, and other documents required under the Bankruptcy
       Code and by the Office of the U.S. Trustee;

   (b) examine claims filed herein, priority tax claims of the
       various taxing agencies and executory leases, and to
       institute the necessary proceedings and objections to said
       claims in order to establish the validity and the amounts
       due and also general unsecured creditors' claims, and to
       conduct negotiations and prepare all requisite documents in

       connection with adjustments effected and any agreements
       with respect to the terms, provisions and conditions of the

       payment of said claims;

   (c) give the Debtor all legal advice with respect to its power
       and duties as Debtor-in-possession, in the continued
       operation of their business and management of their
       property;

   (d) take the necessary legal steps to enjoin and stay, until
       final decree herein, pending actions and proceedings or
       actions or proceedings hereinafter instituted or to permit
       the Debtor to prosecute actions in other courts;

   (e) prepare, on behalf of the Debtor as Debtor-in-possession,
       necessary petitions, answers, orders, reports, and other
       legal papers;

   (f) perform all other legal services for the Debtor, as Debtor-
       in-Possession, which may be necessary or desirable herein,
       from all of which it is readily apparent that it is
       necessary for the Debtor as Debtor-in-possession to employ
       an attorney for the rendition of such professional
       services;

   (g) represent the Debtor in connection with negotiations with
       the mortgage holder, for the borrowing of funds and the
       issuance of orders thereon, as well as the certificates of
       indebtedness in connections with the renegotiation of
       existing contracts and in connection with all contracts and

       agreements by and between the Debtor and all third parties,

       in connection with the continuation of business and the use

       of cash collateral, the borrowing of funds and in the
       entering into of new contracts and commitments on the part
       of your Petitioner;

   (h) examine into the status and merits of all executory
       contracts and to institute all proceedings to disaffirm and

       reject all burdensome and disadvantageous contracts, to
       institute proceedings, and to determine and fix the
       liability of the Debtor upon all executory contracts that
       may be rejected;

   (i) institute proceedings and determine the status, validity
       and amount due on all disputed claims, particularly with
       respect to contracts and executory contracts, the validity
       of which may be subject to questions, or with respect to
       such contracts as may be burdensome and rejected by the
       Debtor;

   (j) institute proceedings for sale of property of the Estate;

   (k) prepare and file Applications for the retention of other
       professionals; and

   (l) file proceedings pursuant to 11 U.S.C. section 105.

All services in Chapter 11 will be based on the usual time charges
of $135 per hour for an associate and $400 per hour for Mr.
Horowitz   or attorney with similar experience and skills; and $450
per hour for court appearances, contested hearings or trials.

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

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

The Bankruptcy Court will hold a hearing on the application on
August 5, 2016, at 12:00 noon.

Mr. Horowitz can be reached at:

       Nathan Horowitz, Esq.
       One Barker Avenue, 3rd Floor
       White Plains, NY 10601
       Tel: (914) 684-0551
       E-mail: nathan@nathanhorowitzlaw.com

                       About M2J2 LLC

M2J2 LLC, based in Bedford, N.Y., filed a Chapter 11 petition
(Bankr. S.D.N.Y. Case No. 16-22876) on June 28, 2016.  The Hon.
Robert D. Drain presides over the case.  Nathan Horowitz, Esq. as
bankruptcy counsel.

In its petition, the Debtor has $2.75 million in total assets and
$1.12 million in total liabilities.  The petition was signed by
Meredith F. Troy, sole member.


MATT HORN: Pennsylvania Property Sale Approved
----------------------------------------------
Judge Robert D. Drain of the U.S. Bankruptcy Court for the Southern
District of New York entered an order authorizing Matt Horn and
Veronica Horn to:

   (x) sell their property known as 325 Jefferis Road, Dowingtown,
Pennsylvania, pursuant to the Standard Agreement for the Sale of
Real Estate between the Debtors and Nathan and Nicole Hoffman; and

   (y) retain Tom Burlington of Duffy Real Estate - St. Davids and
Jamie Wagner of Re/Max Action Associates as real estate brokers for
procuring the sale.

The sale of the Property is free and clear of all liens, claims,
interests and encumbrances.

The Court further authorized and directed the Debtors to execute
the following:

     a. pay the proceeds of the sale of the Property at the closing
of the sale to satisfy the existing valid first mortgage debt held
by Wells Fargo, transfer taxes, if any, title pick-up fees, if any,
title fees, if any, all open real estate taxes, if any, the
foregoing Brokers' commissions, and any other reasonable and/or
necessary expenses of such sale; provided, that if any of the
foregoing amounts are in dispute, the Debtors will cause the
disputed amount(s) to be placed in escrow subject to further order
of the Court or resolution by the parties;

     b. pay the Brokers an aggregate 6% commission from the
proceeds of the sale of the Property under the Purchase Contract at
the closing of such sale, without the need for further Court
order.

     c. to use up to $50,000 to preserve, repair and improve their
Vermont property, on the condition that the Debtors file Monthly
Operating Reports for the months of October, 2015 through June,
2016 with the Court before they may use any such funds; and

     d. to deliver the remaining balance of the sale proceeds, if
any, to Barr Legal PLLC, to be held in escrow pending further order
of the Court.

Matt Horn and Veronica Horn sought Chapter 11 protection (Bankr.
S.D.N.Y. Case No. 13-23284) on Aug. 2, 2013.  Harvey S. Barr, Esq.,
serves as the Debtors' counsel.


MC FLATBED: Exclusive Solicitation Period Extended to Aug. 15
-------------------------------------------------------------
The Hon. Carl L. Bucki of the U.S. Bankruptcy Court for the Western
District of New York has extended MC Flatbed and Towing Service
Inc.'s time to have a plan of reorganization confirmed to Aug. 15,
2016.

The Court ordered that the Debtor file an Amended Disclosure
Statement and Plan by July 31, 2016.

A hearing on the extension was held on July 11, 2016.  Thomas
Denny, Esq., appeared on behalf of the Debtor, in support of the
motion.  Bernard Schenkler, Esq., of Woods Oviatt & Gilman LLP
appeared on behalf of Northland Credit Corporation, a secured
creditor of the Debtor, in opposition to the Debtor's motion.
Joseph Allen, Esq., appeared on behalf of the U.S. Trustee.  On
careful consideration of the Debtor's motion, the written
opposition of Northland Credit Corporation, and all the arguments
of counsel, the Court granted the debtor's motion, in part.  

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


MCELRATH LEGAL HOLDINGS: Taps Gary W. Short as Legal Counsel
------------------------------------------------------------
McElrath Legal Holdings LLC seeks approval from the U.S. Bankruptcy
Court for the Western District of Pennsylvania to hire The Law Firm
of Gary W. Short as its legal counsel.

The services to be provided by the firm include analyzing the
Debtor's financial situation; representing the Debtor at court
hearings and meetings with creditors; preparing legal papers; and
representing the Debtor in adversary proceedings.

The firm will be paid $275 per hour for its services.

The Law Firm of Gary W. Short does not represent any interest
adverse to the Debtor or its estate, according to court filings.

The firm can be reached through:

     Gary W. Short, Esq.
     The Law Firm of Gary W. Short
     212 Windgap Road
     Pittsburgh, PA 15237
     Phone: (412) 765-0100
     Fax: (412) 536-3977
     Email: garyshortlegal@gmail.com

                 About McElrath Legal Holdings

McElrath Legal Holdings LLC sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. W. D. Pa. Case No. 16-22568) on July
11, 2016.


MEDIMEDIA USA: Moody's Withdraws Caa1 Corporate Family Rating
-------------------------------------------------------------
Moody's Investors Service has withdrawn all ratings and LGD
assessments of MediMedia USA, Inc. following full repayment of its
senior secured credit facilities on July 1, 2016.

RATINGS RATIONALE

MediMedia's ratings were withdrawn because MediMedia no longer has
rated debt outstanding.

The following ratings and assessments were withdrawn:

Corporate Family Rating -- Caa1

Probability of Default Rating -- Caa1-PD

-- $25 million Senior Secured Revolving Credit Facility maturing
    May 2018 -- B2 (LGD2)

-- Senior Secured 1st lien term loan maturing November 2018 -- B2

    (LGD2)

-- Senior Secured 2nd lien term loan maturing November 2019 –
    Caa2 (LGD5)

Outlook, changed to Withdrawn from Negative

Headquartered in Yardley, Pennsylvania, MediMedia USA, Inc.
(MediMedia) provides health information and services that inform
consumers, physicians, and other healthcare decision makers. The
company is primarily owned by Vestar Capital Partners.


MOUNT TAM: Resolves Default Under Buck Institute License Agreement
------------------------------------------------------------------
Mount Tam Biotechnologies, Inc., has resolved a default condition
pursuant to the License Agreement with The Buck Institute for
Research on Aging, executing an amendment with The Buck that
modifies the License and Collaboration Agreement between these
parties that cures this default and which fully extends the Field
of Use for key assets licensed from the Buck.

As described in the Annual report on Form 10-K filed with the SEC
on April 14, 2016, on October 12, 2015, The Buck Institute
delivered to the Company a letter stating that it had not performed
certain covenants set forth in The Buck Institute License
Agreement, including certain payment obligations.  To resolve the
covenant challenges and to further strengthen Mount Tam's portfolio
opportunities, Mount Tam and the Buck have entered into an
Amendment to the License and Collaboration Agreement whereby Mount
Tam has made total payments of $51,706 in exchange for
extinguishing $326,796 in obligations to The Buck Institute.  The
Amendment states that with this payment all outstanding payments
owed to the Buck have been settled.

This Agreement also temporarily halts the Research Collaboration
until additional aggregate financing of $2MM is received by Mount
Tam following the effective date of the Agreement.  Once this
financing is achieved, the Research Collaboration will restart in
full and continue for a period of 21 months with the potential for
extension.

Another important aspect of this amendment is that it expands the
field of use for Licensed Compounds to any and all conditions,
human and veterinary.  Prior to this, Mount Tam's field had been
restricted to autoimmune disorders.  Richard Marshak, Mount Tam CEO
states, "This Agreement is a major step for us, helping to assure
the successful continuation of our Research Collaboration with the
Buck Institute and also expanding our field of use to all
therapeutic applications.  We remain committed to the autoimmune
space and we are excited to now have the opportunity to explore how
our compounds might help meet unmet need across the wide range of
disease states where mTOR modulators have potential application."

            About Mount Tam Biotechnologies, Inc.

Mount Tam Biotechnologies, Inc. -- http://www.MountTamBiotech.com/
-- was established to develop, optimize and bring to market leading
medical compounds to better the health and well being of millions
of people who have been affected by autoimmune diseases.  The
organization's most advanced product focuses on the treatment of
systemic lupus erythematosus (SLE).

Mount Tam has partnered with the world-renowned Buck Institute for
Research on Aging through a worldwide exclusive licensing and
collaboration agreement.  The assets, which are focused on
autoimmune diseases, are highly target-specific polyketides -- a
class of compounds with an extremely successful track record with
the FDA drug approval process.  The assets are supported by
intellectual property consisting of over 45 worldwide issued
patents and patent applications, including composition of matter,
manufacturing and therapeutic area applications.

Mount Tam intends to apply its first and most advanced asset,
TAM-01, to the Investigational New Drug (IND) application phase of
the FDA.  It has already completed non-GLP pre-clinical
development.  The primary focus is to develop TAM-01 for the
treatment of systemic lupus erythematosus (SLE) in an expanding
orphan drug market.  Mount Tam will use the R&D conducted on TAM-01
as the core science for additional assets, including its second
product known as TAM-02, which is currently focused on multiple
sclerosis (MS).


NANOSPHERE INC: Suspending Filing of Reports with SEC
-----------------------------------------------------
Nanosphere, Inc., has suspended its reporting obligations under
Section 15(d) of the Securities Exchange Act of 1934, as amended,
by filing a Form 15 with the Securities and Exchange Commission on
July 19, 2016.

On May 15, 2016, Nanosphere, Luminex Corporation, and Commodore
Acquisition, Inc., a wholly-owned subsidiary of Luminex, entered
into an Agreement and Plan of Merger.  The Agreement contemplated
that Purchaser would be merged with and into the Company and that
the Company would survive the Merger as a wholly owned subsidiary
of Luminex.  The Merger became effective on June 30, 2016, as a
result of filing a Certificate of Merger with the Secretary of
State of the State of Delaware.

                       About Nanosphere

Nanosphere, Inc., develops, manufactures and markets an advanced
molecular diagnostics platform, the Verigene System, that enables
simple, low cost and highly sensitive genomic and protein testing
on a single platform.  The Verigene System includes a bench-top
molecular diagnostics workstation that is a universal platform for
genomic and protein testing and provides for multiple tests to be
performed on a single platform, including both genomic and protein
assays, from a single sample.  Its proprietary nanoparticle
technology provides the ability to run multiple tests
simultaneously on the same sample.  Nanosphere was founded by Chad
A. Mirkin and Robert Letsinger on Dec. 30, 1999, and is
headquartered in Northbrook, IL.

Nanosphere reported a loss attributable to common shareholders of
$42.84 million on $21.07 million of total revenue for the year
ended Dec. 31, 2015, compared to a net loss attributable to common
shareholders of $39.07 million on $14.29 million of total revenue
for the year ended Dec. 31, 2014.

As of March 31, 2016, Nanosphere had $39.78 million in total
assets, $27.49 million in total liabilities and $12.29 million in
total stockholders' equity.

Deloitte & Touche LLP, in Chicago, Illinois, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the Company's recurring
losses from continued use of cash to fund operations raise
substantial doubt about its ability to continue as a going concern.


NATIONAL CINEMEDIA: Interim Co-CFO Gets $50,000 Retention Bonus
---------------------------------------------------------------
National CineMedia, Inc., on Jan. 29, 2016, entered into a
Retention Bonus Agreement with David J. Oddo, the Company's senior
vice president, finance and interim co-chief financial officer.
Pursuant to the Retention Agreement, the Company agreed to pay Mr.
Oddo a cash bonus of up to $50,000, conditioned on him remaining an
employee of the Company during all or part of the period which
began on Jan. 19, 2016, and ended on July 19, 2016.  Mr. Oddo has
remained in the Company's employ through the entire Agreement Term
and is, therefore, entitled to payment of the entire Retention
Bonus.  Mr. Oddo continues to be employed by the Company following
the Agreement Term.

                   About National CineMedia

National CineMedia, Inc., is the holding company of National
CineMedia, LLC.  NCM LLC operates the largest digital in-theatre
network in North America, allowing NCM to distribute advertising,
Fathom entertainment programming events and corporate events under
long-term exhibitor services agreements with American Multi-Cinema
Inc., a wholly owned subsidiary of AMC Entertainment Inc.; Regal
Cinemas, Inc., a wholly owned subsidiary of Regal Entertainment
Group; and Cinemark USA, Inc., a wholly owned subsidiary of
Cinemark Holdings, Inc.  NCM LLC also provides such services to
certain third-party theater circuits under "network affiliate"
agreements, which expire at various dates.

For the year ended Dec. 31, 2015, the Company reported net income
attributable to the Company of $15.4 million on $447 million of
revenue compared to net income of $13.4 million on $394 million of
revenue for the year ended Jan. 1, 2015.

As of Dec. 31, 2015, National Cinemedia had $1.08 billion in total
assets, $1.25 billion in total liabilities and a $171.7 million
total deficit.

                       *     *     *

As reported by the TCR on March 24, 2011, Standard & Poor's
Ratings Services raised its corporate credit ratings on
Centennial, Colorado-based National CineMedia Inc. and
operating subsidiary National CineMedia LLC (which S&P analyzes on
a consolidated basis) to 'BB-' from 'B+'.  "The 'BB-' corporate
credit rating reflects S&P's expectation that NCM's EBITDA growth
will enable the company to continue to de-lever over the
intermediate term despite its aggressive dividend policy," said
Standard & Poor's credit analyst Jeanne Shoesmith.


NET DATA: Exclusive Plan Filing Deadline Moved to Aug. 1
--------------------------------------------------------
The Hon. Sheri Bluebond of the U.S. Bankruptcy Court for the
Central District of California has extended, at the behest of Net
Data Centers, Inc., the Debtor's exclusive plan filing and plan
acceptance exclusivity periods to Aug. 1, 2016, and Sept. 30, 2016,
respectively.

As reported by the Troubled Company Reporter on June 3, 2016, the
Debtor made the extension request specifically to facilitate the
mediation among key constituencies rescheduled (for a second time)
and finally held on May 26 and May 27, 2016, before retired U.S.
Bankruptcy Judge Mitchel R. Goldberg.  The mediation was originally
scheduled for Feb. 10 and 11, 2016, but during the week just prior
to the mediation, the parties' original mediator, former U.S.
Bankruptcy Judge John E. Ryan, became ill and advised the parties
of his immediate unavailability, thereby necessitating the
postponement of the planned mediation.

The Chapter 11 case status hearing and disclosure statement
approval hearing presently set for July 6, 2016, at 2:00 p.m. are
continued to Sept. 7, 2016, at 2:00 p.m., per court order entered
on May 27, 2016.

The Debtor will file an updated status report with the Court by
Aug. 23, 2016, to report on the results of the May 2016 mediation
and other pertinent matters.

                      About Net Data Centers

Net Data Centers, Inc., filed a Chapter 11 bankruptcy petition
(Bankr. C.D. Cal. Case No. 15-12690) on Feb. 23, 2015.  Pervez P.
Delawalla, the president & CEO, signed the petition.  The Hon.
Sheri Bluebond is assigned to the case.  William F Govier, Esq.,
at Lesnick Prince & Pappas LLP, serves as counsel to the Debtor.

The Debtor disclosed, in its amended schedules, $9,566,908 in
assets and $13,352,373 in liabilities.  In its original schedules,
the Debtor disclosed $9,110,070 in assets and $5,236,687 in
liabilities.  

The U.S. trustee appointed three creditors to serve on the
Official Committee of Unsecured Creditors.  The Committee is
represented by Buchalter Nemer, APC.


NEW HORIZONS HEALTH: Owenton KY Property Sale Approved
------------------------------------------------------
Judge Gregory R. Schaaf of the U.S Bankruptcy Court for the Eastern
District of Kentucky, Frankfurt Division, authorized New Horizons
Health Systems, Inc.  -- dba New Horizons Medical Center, dba New
Horizons Family Practice -- to sell its real property located at
326 Roland Avenue, Owenton, Kentucky ("Real Property") to NKY MHMR
Properties, Inc. for $112,500, subject to the completion of an
inspection satisfactory to the buyer.

The sale of the Real Property is free and clear of all Liens and
Claims.

All sale proceeds attributable to the purchase price for sale of
the Real Property will be paid to the Debtor until further orders
of the Court.  The Debtor will hold such Sale Proceeds in counsel's
escrow account and will not use or otherwise distribute those
proceeds without further order of the Court after notice and a
hearing.

                About New Horizons Health Systems

Headquartered in Owenton, Kentucky, New Horizons Health Systems,
Inc. -- dba New Horizons Medical Center, dba New Horizons Family
Practice -- operates the Owen County Hospital.  The hospital serves
the counties of Owen, Gallatin, and Carroll and has operated
continually since 1951.

New Horizons Health Systems, Inc., filed for Chapter 11 bankruptcy
protection (Bankr. E.D. Ky. Case No. 15-30235) on May 29, 2015,
estimating its assets at between $1 million and $10 million and
liabilities at between $10 million and $50 million.  The petition
was signed by Bernard T. Poe, president.

Judge Gregory R. Schaaf presides over the case.

Ellen Arvin Kennedy, Esq., at Dinsmore & Shohl LLP serves as the
Company's bankruptcy counsel.  Kelley S. Gamble, CPA, is the
Company's accountant.

An official committee of unsecured creditors has been appointed in
the case.


NITRO PETROLEUM: Voluntary Chapter 11 Case Summary
--------------------------------------------------
Debtor: Nitro Petroleum, Inc.
        3131 E Camelback Rd, Suite 211
        Phoenix, AZ 85016

Case No.: 16-08288

Chapter 11 Petition Date: July 20, 2016

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

Judge: Hon. Scott H. Gan

Debtor's Counsel: Adam E. Hauf, Esq.
                  HAUF LAW, PLC.
                  4225 W Glendale Avenue
                  Suite A-104
                  Phoenix, AZ 85051
                  Tel: 623-252-0742
                  Fax: 623-321-2310
                  E-mail: adam@hauflaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Dennis W. Miller, authorized
representative.

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


NOVATION COMPANIES: Case Summary & 20 Top Unsecured Creditors
-------------------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

       Debtor                                    Case No.
       ------                                    --------
       Novation Companies, Inc.                  16-19745
         dba NovaStar Financial, Inc.
       2114 Central Street, Suite 600
       Kansas City, MO 64108
       Tel: 816.237.7685
       Fax: 913.748.8913

       NovaStar Mortgage, LLC                    16-19747
       NovaStar Mortgage Funding Corporation  16-19748
       2114 Central, LLC                  16-19749

Type of Business: Engaged in the business of acquiring various
                  businesses

Chapter 11 Petition Date: July 20, 2016

Court: United States Bankruptcy Court
       District of Maryland (Baltimore)

Judge: Hon. David E. Rice

Debtors' Counsel: Joel I. Sher, Esq.
                  SHAPIRO SHER GUINOT & SANDLER, P.A.
                  250 W. Pratt Street, Suite 2000
                  Baltimore, MD 21201
                  Tel: (410) 385-4277
                  Fax: (410) 539-7611
                  Email: jis@shapirosher.com

                    - and -

                  OLSHAN WOLOSKY LLP


Debtors'          ORRICK, HERRINGTON & SUTCLIFFE LLP
Special
Litigation
Counsel:

Total Assets: $33 million

Total Debts: $91 million

The petition was signed by Rodney E. Schwatken, chief executive
officer.

List of Debtors' 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Kodiak CDO I, Ltd.                 Series 3 Senior    $31,579,459
c/o Kodiak Capital Management       Note Due 2033
Company, LLC
2107 Wilson Boulevard, Suite 400
Arlington, VA 22201
Emmanuel J. Freidman
Chief Operating Officer
EJF Capital LLC
2107 Wilson Blvd, Suite 410
Arlington, VA 22201
www.ejfcap.com

Taberna Preferred Funding I, Ltd.     Series 1 Senior  $28,070,630
c/o Taberna Capital Management, LLC   Note due 2033
2929 Arch Street, 17th Floor
Philadelphia, PA 19104
Morgan J. McClure
Fortress Investment Group
3290 Northside Pkwy NW, Suite 350
Atlanta, GA 30327
(O): 404-264-4780
(M): 404-934-3670
mmcclure@fortess.com

Taberna Preferred Funding II, Ltd.    Series 2 Senior  $28,070,630
c/o Taberna Capital Management, LLC    Note due 2033
2929 Arch Street, 17th Floor
Philadelphia, PA 19104
Morgan J. McClure
Frotress Investment Group
3290 Northside Pkwy NW, Suite 350
Atlanta, GA 30327
Tel: 404-264-4780
Fax: 404-934-3670
mmcclure@fortess.com

James and Robin Heniges            Damage Claim           $75,000
Email:
amastellar@rinkenoonan.com

StreetLinks LLC                   Contract Debt           $41,736

Shoretel Inc.                     Contract Debt           $19,000

Broadway Square Partners          Contract Debt           $17,201
lawhitman@mcrealtyus.com

Underground Vaults & Storage      Contract Debt           $11,000
Email: shelley.stanley@
undergroundvaults.com

Wells Fargo                      Litigation Claim    Undetermined
Email: trice@stblaw.com

Deutsche Bank Securities, Inc.   Litigation Claim    Undetermined
Email: trice@stblaw.com

National Credit Union            Litigation Claim    Undetermined
Administration Board
Email: dfrederick@khhte.com

Deutsche Bank National           Litigation Claim    Undetermined
Trust Company
Email: zrosenbaum@lowenstein.com

Iowa Public Employees'           Litigation Claim    Undetermined
Retirement System
Email: clometti@cohenmilstein.com

New Jersey Carpenters            Litigation Claim    Undetermined
Health Fund
Email: clometti@cohenmistein.com

The Royal Bank of Scotland       Litigation Claim    Undetermined
Group, plc
Email: trice@sbtlaw.com

Greenwich Capital                Litigation Claim    Undetermined
Markets, Inc.
Email: trice@stblaw.com

Gregory S. Metz                   Indemnification    Undetermined
Email: walderman@orrick.com           Claim

Mark Herpich                      Indemnification    Undetermined
Email: walderman@orrick.com           Claim

W. Lance Anderson                 Indemnification    Undetermined
Email: walterman@orrick.com           Claim

Scott F. Hartman                  Indemnification    Undetermined
Email: walderman@orrick.com           Claim


NOVATION COMPANIES: Files Chapter 11 Bankruptcy Petition
--------------------------------------------------------
Novation Companies, Inc. (otcqb:NOVC) on July 20, 2016, disclosed
that it and certain of its subsidiaries filed voluntary petitions
for chapter 11 business reorganization in the U.S. Bankruptcy Court
for the District of Maryland (Baltimore Division).  Novation's
board of directors unanimously determined that a chapter 11
reorganization is in the best interest of the Company and its
stakeholders.  The process allows Novation and its subsidiaries to
continue normal business operations while restructuring the
Company's finances and contractual obligations.

Novation has significant liquid assets and net operating losses
that the Company expects to preserve during the chapter 11 process.
The Company has engaged a financial advisor to review financial
and strategic alternatives.  The Company and the advisor are
working to acquire a profitable operating business in order to
maximize its return to all creditors and stakeholders.  The Company
will seek to restructure its obligations or have its obligations,
primarily those under its senior unsecured notes, reinstated.  The
Company also intends to vigorously defend and seek to determine the
claims asserted in existing lawsuits for which the Company and its
subsidiaries believe they have meritorious defenses.  The Company
will honor all post-petition obligations during chapter 11 in the
ordinary course, including obligations to employees.

Novation will file monthly operating reports with the bankruptcy
court and continue to file quarterly and annual reports with the
U.S. Securities and Exchange Commission (the "SEC").

The Company and its board of directors are being advised by Oberon
Securities, LLC, Olshan Frome Wolosky LLP and Shapiro Sher Guinot &
Sandler, P.A.

                 About Novation Companies, Inc.

Novation Companies, Inc. -- http://www.novationcompanies.com/-- is
in the process of implementing its strategy to acquire operating
businesses or making other investments that generate taxable
earnings.  


NOVATION COMPANIES: Seeks to Reject Two Unexpired Leases
--------------------------------------------------------
Novation Companies, Inc, et al., ask the Bankruptcy Court for
permission to reject two unexpired leases to which NCI is a lessee.
NCI has determined that the Leases are burdensome, provided no
economic value to the estates, and are not necessary for its
restructuring efforts.

NCI is a subtenant to a sublease agreement, dated as of April 15,
2014, between itself and Streetlinks LLC for property located at
5701 East Hillsborough Avenue, Suite 1100, in Tampa, Florida.  NCI
is also a lessee to an equipment lease, dated as of Aug. 21, 2012,
between itself and Richo Americas Corporation, provided by GE
Capital Information Technology Solutions, for a printer copier.

"The Tampa Property and Equipment are no longer necessary to NCI's
ongoing business operations and present a burdensome liability,"
according to Joel I. Sher, Esq., at Shapiro Sher Guinot & Sandler,
one of the Debtors' attorneys.  

NCI expects to save approximately $988,000 (the total due for the
remainder of the Tampa Sublease and the termination quote for the
Equipment Lease) by rejecting the Leases.

In addition, if NCI determines that any property located at the
Tampa Property has little or no value, or that the preservation
thereof will be burdensome to the estates compared with the expense
of removing and storing such property, NCI seeks authorization, in
its sole discretion, to abandon such property pursuant to Section
554 of the Bankruptcy Code.

                  About Novation Companies, Inc.

Novation Companies, Inc. -- http://www.novationcompanies.com/-- is
in the process of implementing its strategy to acquire operating
businesses or making other investments that generate taxable
earnings.  

Novation Companies, Inc., NovaStar Mortgage, LLC, NovaStar Mortgage
Funding Corporation and 2114 Central, LLC each filed a voluntary
petition under Chapter 11 of the Bankruptcy Code (Bankr. D. Md.
Case Nos. 16-19745, 16-19747, 16-19748 and 16-19749, respectively)
on July 20, 2016.  The petition was signed by Chief Executive
Officer Rodney E. Schwatken.

In its petition, NCI lists assets of $33 million and liabilities of
$91 million.

The Debtors have hired the law firms of Shapiro Sher Guinot &
Sandler, P.A. and Olshan Wolosky LLP as counsel.  Orrick,
Herrington & Sutcliffe LLP represents the Debtors as special
litigation counsel.

The cases are assigned to Judge David E. Rice.


OLIN VIRTUAL: Wants Plan Filing Period Extended to Nov. 17
----------------------------------------------------------
Olin Virtual Academy asks the U.S. Bankruptcy Court for the Central
District of California to (i) extend the exclusive period in which
only the Debtor may file a plan by 90 days, from Aug. 19, 2016, to
Nov. 17, 2016; and (ii) extend the exclusive period in which only
the Debtor may solicit acceptances to a plan by 90 days from Oct.
18, 2016, to Jan. 16, 2017.

A hearing on the Debtor's request is set for Aug. 9, 2016, at 10:00
a.m.

At the outset of its Chapter 11 case, the Debtor committed itself
to: (a) maximize the value of its assets as a going concern; (b)
cooperate with its creditors and all other involved parties; and
(c) conclude this bankruptcy case as quickly and cost effectively
as possible.

Specifically, the Debtor continued to operate it business with the
challenges of operating in a Chapter 11 case.  It has continued to
operate the School and generate income as a going concern and seek
out ways to increase student enrollment to ensure that it will
remain profitable through confirmation and beyond.  At the same
time, the Debtor was required to satisfy all of the time-consuming
Chapter 11 bankruptcy administrative requirements.

The Debtor has spent significant time addressing early issues
including filing first day motions related to payroll and continued
use of cash management system and certain bank.  Moreover, the
Debtor also recently filed a motion to limit notice of certain
matters requiring notice to creditors pursuant to Rules 2002 and
9007 of the Federal Rules of Bankruptcy Procedure.

Additionally, the Debtor has been heavily engaged with working on
consensual plan treatment with creditors including K12.  Thus, the
Debtor has been busy operating its business, complying with the
Chapter 11 bankruptcy administrative requirements and pursuing
discussions with its creditors to maximize the value of the
Debtor's estate going forward for the benefit of all interested
parties.  As a result, the Debtor has not had sufficient time or
resources to devote to finalizing and preparing a plan of
reorganization.

The Debtor has scheduled various claims as disputed since some of
these claims are related to unresolved state court litigation and
are disputed by the Debtor.  Some of the potential claims against
the Debtor could result in significant litigation requiring complex
issues of both bankruptcy and state law.  Furthermore, the Debtor
continues to operate a business that has generated as much as
$5,448,571.00 per year and has over 30 employees and staff.  Thus,
the size and the complexity of the issues present in this case
weighs in favor of the Court granting this motion under the first
Dow Corning factor.

The Debtor has not had sufficient time to negotiate plan provisions
and prepare adequate information for creditors and other parties in
interest.  To the contrary, the entire case has been pending for
less than 100 days and "the period for pure negotiating has not
been nearly as long."

The Debtor believes it is current with all of its post-petition
financial obligations.  Moreover, the Debtor has fully complied
with all or nearly all reporting and other requirements imposed by
the Bankruptcy Code, Bankruptcy Rules, Local Rules, and the U.S.
Trustee Guidelines.

The Debtor's counsel can be reached at:

     LAW OFFICES OF LANGLEY & CHANG
     Steven P. Chang, Esq.
     Christopher Langley, Esq.
     David S. Shevitz, Esq., Of Counsel
     4158 14TH Street, Riverside, CA 92501
     Tel: (951) 383-3388
     Fax: (877) 483-4434
     E-mail: schang@spclawoffice.com
             chris@langleylegal.com
             david@rsbankruptcy.com

                     About Olin Virtual

Olin Virtual Academy filed for Chapter 11 protection (Bankr. C.D.
Cal. Case No. 16-11187) on April 20, 2016.  The petition was signed
by Ramon Miramontes, president.  The Hon Martin R. Barash presides
over the case.

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

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/cacb16-11187.pdf


OLLARD SQUARE: Voluntary Chapter 11 Case Summary
------------------------------------------------
Debtor: Ollard Square, Ltd.
        999 Street Road
        Southampton, PA 18966

Case No.: 16-15124

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: July 20, 2016

Court: United States Bankruptcy Court
       Eastern District of Pennsylvania (Philadelphia)

Judge: Hon. Stephen Raslavich

Debtor's Counsel: Jon M. Adelstein, Esq.
                  ADELSTEIN & KALINER, LLC
                  Penn's Court
                  350 South Main Street, Suite 105
                  Doylestown, PA 18901
                  Tel: (215) 230-4250
                  Fax: (215) 230-4251
                  E-mail: jadelstein@adelsteinkaliner.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Michael L. Sannuti, member, Gen'l
Partner Faith Forty-Four Realty, LLC.

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


PEABODY ENERGY: Annual Report on 401(K) Plan Filed
--------------------------------------------------
Peabody Energy Corporation filed with the Securities and Exchange
Commission an Annual Report on Form 11-K for the fiscal year ended
December 31, 2015, with respect to the Peabody Western-UMWA 401(K)
Plan.

According to the Report, net assets available for benefits at end
of year total $12,174,750.

St. Louis, Missouri-based UHY LLP audited the statements of net
assets available for benefits of Peabody Western-UMWA 401(k) Plan
as of December 31, 2015 and 2014, and the related statements of
changes in net assets available for benefits for the years then
ended.  

A copy of the Report is available at https://is.gd/cp2N5g

                 About Peabody Energy Corporation

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

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

At Dec. 31, 2015, the Company had total assets of $11.02 billion
against $10.1 billion in total liabilities, and stockholders'
equity of $918.5 million.

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

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

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

The Office of the U.S. Trustee appointed seven creditors of
Peabody Energy Corp. to serve on the official committee of
unsecured creditors.  The Committee is represented by Dimitra
Doufekias, Esq., at Morrison & Foerster LLP and Sherry K.
Dreisewerd, Esq., at Spencer Fane LLP.

Michael J. Russano, Esq., at Davis Polk & Wardwell LLP is counsel
to Citibank, N.A. as Administrative Agent and L/C Issuer under the
Debtors' Postpetition Secured Credit Facility and as
Administrative
Agent, Swing Line Lender and L/C Issuer under the
Debtors' Prepetition Secured Credit Facility.

Laura Uberti Hughes, Esq., at Bryan Cave is the local counsel to
Citibank, N.A. as Administrative Agent and L/C Issuer under the
Postpetition Secured Credit Facility and as Administrative Agent,
Swing Line Lender and L/C Issuer under the Prepetition Secured
Credit Facility.


PEABODY ENERGY: Annual Report on Employee Retirement Account Filed
------------------------------------------------------------------
Peabody Energy Corporation filed with the Securities and Exchange
Commission an Annual Report on Form 11-K for the fiscal year ended
December 31, 2015, with respect to the Peabody Investments Corp.
Employee Retirement Account.

According to the Report, net assets available for benefits at end
of year total $863,850,000.

St. Louis, Missouri-based UHY LLP audited the statements of net
assets available for benefits of Peabody Investments Corp. Employee
Retirement Account as of Dec. 31, 2015 and 2014, and the related
statements of changes in net assets available for benefits for the
years then ended.  

A copy of the Report is available at https://is.gd/T5IMvS

                 About Peabody Energy Corporation

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

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

At Dec. 31, 2015, the Company had total assets of $11.02 billion
against $10.1 billion in total liabilities, and stockholders'
equity of $918.5 million.

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

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

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

The Office of the U.S. Trustee appointed seven creditors of
Peabody Energy Corp. to serve on the official committee of
unsecured creditors.  The Committee is represented by Dimitra
Doufekias, Esq., at Morrison & Foerster LLP and Sherry K.
Dreisewerd, Esq., at Spencer Fane LLP.

Michael J. Russano, Esq., at Davis Polk & Wardwell LLP is counsel
to Citibank, N.A. as Administrative Agent and L/C Issuer under the
Debtors' Postpetition Secured Credit Facility and as
Administrative
Agent, Swing Line Lender and L/C Issuer under the
Debtors' Prepetition Secured Credit Facility.

Laura Uberti Hughes, Esq., at Bryan Cave is the local counsel to
Citibank, N.A. as Administrative Agent and L/C Issuer under the
Postpetition Secured Credit Facility and as Administrative Agent,
Swing Line Lender and L/C Issuer under the Prepetition Secured
Credit Facility.


PEABODY ENERGY: To Pay Taxes During Bankruptcy, Judge Rules
-----------------------------------------------------------
Casper Star Tribune reported that a judge has allowed Peabody
Energy to pay nearly $30 million in property taxes in four states
while the coal company goes through bankruptcy reorganization.

According to the report, the decision on July 20, 2016, in federal
court in St. Louis should end uncertainty for a Colorado school
district that began when Peabody missed a property tax payment in
June.  The state of Colorado has fronted the South Routt School
District some $1 million in state funding because of the crisis,
the report related.

The property tax payments should help Wyoming schools as well,
though indirectly, the report said.

In Campbell County, Peabody has three open-pit mines and owes about
$1.8 million in property and land taxes for 2015, the report
further related.  About 54 percent of that goes to the Campbell
County School District, the report said.

                About Peabody Energy Corporation

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

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

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

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

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

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

The Office of the U.S. Trustee appointed seven creditors of
Peabody
Energy Corp. to serve on the official committee of unsecured
creditors.  The Committee is represented by Dimitra Doufekias,
Esq., at Morrison & Foerster LLP and Sherry K. Dreisewerd, Esq.,
at
Spencer Fane LLP.

Michael J. Russano, Esq., at Davis Polk & Wardwell LLP is counsel
to Citibank, N.A. as Administrative Agent and L/C Issuer under the
Debtors' Postpetition Secured Credit Facility and as
Administrative
Agent, Swing Line Lender and L/C Issuer under the
Debtors' Prepetition Secured Credit Facility.

Laura Uberti Hughes, Esq., at Bryan Cave is the local counsel to
Citibank, N.A. as Administrative Agent and L/C Issuer under the
Postpetition Secured Credit Facility and as Administrative Agent,
Swing Line Lender and L/C Issuer under the Prepetition Secured
Credit Facility.


PHOENIX MANUFACTURING: Has Until Sept. 26 to Exclusively File Plan
------------------------------------------------------------------
The Hon. Eddward P. Ballinger Jr. of the U.S. Bankruptcy Court for
the District of Arizona has extended, at the behest of Phoenix
Manufacturing Partners, LLC, et al., the exclusive period for the
Debtors to file a Joint Chapter 11 Plan and Disclosure Statement to
Sept. 26, 2016.

The Section 1121(c)(3) deadline will be Nov. 24, 2016.  The bar
date for filing proofs of claim or proofs of interest for creditors
or equity holders whose claims or interests are not scheduled or
are scheduled as disputed, contingent, or unliquidated is Aug. 12,
2016.

As reported by the Troubled Company Reporter on June 24, 2016, the
Debtors will file a Joint Chapter 11 Plan and Disclosure Statement
in the case.  To avoid confusion and any possible argument that one
of the cases' exclusivity protection periods has lapsed, the
Debtors submit that a single, fixed exclusivity deadline be
established for all three cases.  The Debtors urge the Court to set
that deadline date as Sept. 26, 2016.

                   About Phoenix Manufacturing

Phoenix Manufacturing Partners LLC sought protection under Chapter
11 of the Bankruptcy Code in the District of Arizona (Phoenix)
(Case No. 16-04898) on May 3, 2016.  Its affiliates Joined Alloys,
LLC, and DLS Precision Fab, LLC, filed for Chapter 11 protection
(Case Nos. 16-06107 and 16-06109) on May 27, 2016.  

The petitions were signed by Joe Yockey, president & managing
member.  The cases are jointly administered under Case No. 16-04898
and are assigned to  

Phoenix Manufacturing estimated assets of $0 to $50,000 and  
debts of $10 million to $50 million.  

Joined Alloys and DLS Precision estimated both assets and
liabilities in the range of $1 million to $10 million.


PNCH ASSOCIATES: Hires Ciardi Ciardi as Counsel
-----------------------------------------------
PNCH Associates, LLC seeks authorization from the U.S. Bankruptcy
Court for the District of New Jersey to employ Ciardi Ciardi &
Astin as counsel.

The Debtor requires Ciardi Ciardi to:

   (a) give legal advice to the Debtor with respect to its powers
       and duties as Debtor-in-Possession;

   (b) prepare all motions, applications, answers, orders, reports

       and other legal papers as necessary; and

   (c) perform all other legal services for the Debtor.

Ciardi Ciardi will be paid at these hourly rates:

       Partners              $485-$545
       Of Counsel            $385-$450
       Associates            $250-$300
       Paralegals            $120-$180

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

The principals of the Debtor have agreed to advance a retainer from
their own funds of $33,000 on or before August 31, 2016.

Albert A. Ciardi, III, member of Ciardi Ciardi, 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 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
       E-mail: aciardi@ciardilaw.com

PNCH Associates, LLC, commenced a Chapter 11 bankruptcy case
(Bankr. D.N.J. Case No. 16-21540) on June 14, 2016.  Ciardi Ciardi
& Astin, P.C. serves as counsel to the Debtor.


PONYPIC LLC: Allowed to Use Cash Collateral on a Final Basis
------------------------------------------------------------
Judge Erik P. Kimball, of the U.S. Bankruptcy Court for the
Southern District of Florida, authorized Ponypic, LLC to use cash
collateral on a final basis.

Judge Kimball authorized the Debtor to use ARCPE 1, LLC's cash
collateral, consisting of cash in the Debtor's accounts and cash
coming into the Debtor's accounts, for the pendency of the case, to
pay expenses set forth in the Budget.

The approved one-month Budget provides for the payment of expenses
in the amount of $912.83.  The expenses include bank fees, taxes,
common area maintenance fees, professional fees, and U.S. Trustee
fees.

ARCPE will receive, as adequate protection:

     (a) replacement liens against all collateral that had been
pledged to it prior to the commencement of the case;

     (b) copies of reports filed with the Office of the U.S.
Trustee; and

     (c) adequate protection payments from Debtor Patriot Flooring
Supplies, Inc. in the amount of $13,358.30.

A full-text copy of the Order, dated July 19, 2016, is available at
https://is.gd/0eCilN

                       About Ponypic LLC.

Patriot Flooring Supplies, Inc. and Ponypic, LLC filed Chapter 11
petitions (Bankr. S.D. Fla. Case Nos. 16-18984 and 16-18986) on
June 24, 2016.  The petitions were signed by Steven Hart,
president.  The Debtors are represented by Eric A. Rosen, Esq., at
Fowler White Burnett, P.A.  The cases are assigned to Judge Erik P.
Kimball.  Patriot Flooring estimated total assets at $3.61 million
and total debts at $4.03 million.


PRATT WELL: Servicing Equipment Auction on Aug. 25
--------------------------------------------------
Pratt Well Service, Inc., filed with U.S. Bankruptcy Court for the
District of Kansas disclosing a sale of its oil and gas servicing
equipment, including vehicles associated with the same, at public
auction.

The sale will not include any oil and gas production interests
(leases, wells, working interests) nor any of the Debtor's real
estate.  In addition, a limited amount of equipment will be
retained for servicing of the Debtor's own production interests.  A
complete list of items to be sold will be made available in
advertising by Kruse Energy & Equipment Auctioneers, LLC.

The public auction will be held on Aug. 25, 2016 at 9:00 a.m. (CST)
at Pratt Area 4-H Center, Pratt County Fairgrounds, 81 Lake Road,
Kansas, and by internet at the same time by logging onto:
http://www.kruseenergy.com/or http://www.ironplanet.com/

From the proceed, the Debtor intends to pay in this order: (a) the
costs of the sale, (b) any valid ad valorem taxes, (c) the liens of
Intrust and 1st National Bank, and (d) the balance, if any, will be
held pending subsequent order of the Court.  Costs of the sale
include:

    i. J. michael Morris, Debtor's Attorneys Fee -   $2,000
   ii. Klenda Austerman, LLC (expenses) -            $_____
  iii. Court Motion Fee -                              $176
   iv. Auctioneer's commission  -                   $______
    v. Auctioneer's expenses  -                     $35,000+

The deadline for objections to the intended sale, of the bidding
procedures, the allowance and/or payment of administrative expense,
and/or the motion for authority is on Aug. 1, 2016. If no
objections are timely filed, a hearing will be held before the U.S.
Bankruptcy Court, 401 N. Market, Room 150, Wichita, Kansas on Aug.
11, 2016 at 9:00 a.m., and the sale will be postponed until the
objection(s) is/are resolved.

                     About Pratt Well Service

Pratt Well Service, Inc. sought Chapter 11 protection (Bankr. D.
Kan. Case No. 16-11224) on June 30, 2016. Judge Robert E. Nugent is
assigned to the case.

The Debtor disclosed assets of $7.47 million and $4.94 million in
debt.

J. Michael Morris, Esq. at Klenda Austerman, LLC, serves as the
Debtor's counsel.

The petition was signed by Kenneth C. Gates, president.


QUALITY DISTRIBUTION: S&P Revises Outlook to Neg. & Affirms B- CCR
------------------------------------------------------------------
S&P Global Ratings said that it has revised its outlook on Quality
Distribution Inc. 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
Quality Distribution's $415 million first-lien term loan due 2022.
The '3' recovery rating remains unchanged, indicating S&P's
expectation for meaningful recovery (50-70%; lower end of the
range) in the event of a payment default.

Additionally, S&P affirmed its 'CCC' issue-level rating on the
company's $120 million second-lien term loan due 2023.  The '6'
recovery rating remains unchanged, indicating S&P's expectation for
negligible recovery (0-10%) in the event of a payment default.

"The negative outlook reflects Quality Distribution's
underperformance relative to our expectations over the past year
and its elevated debt leverage," said S&P Global credit analyst
Michael Durand.  The company's energy logistics business--a segment
that it entered through acquisitions in 2012--has been particularly
weak and is experiencing operating losses due to low oil prices.
Additionally, Quality Distribution's largest segment, chemical
logistics, has experienced some softness as the buildout of the
U.S. chemical industry's capacity has been slower than
anticipated.

The negative outlook on Quality Distribution reflects the company's
underperformance relative to S&P's expectations over the past year
and its belief that its end markets will remain weak over the next
12 months.  S&P expects the company to maintain a FFO-to-total
adjusted debt ratio of less than 5% and a total debt-to-EBITDA
metric of around 10x.

S&P could lower its ratings on Quality Distribution over the next
12 months if its liquidity becomes constrained or if further
earnings deterioration causes S&P to conclude that the company's
capital structure is no longer sustainable over the long term.

S&P could revise its outlook on Quality Distribution to stable over
the next 12 months if its liquidity remains adequate and the
company's operating performance improves, potentially due to
strengthening conditions in the chemical markets or a rebound in
its energy segment, causing its debt-to-EBITDA metric to fall below
8x for a sustained period.


QVL PHARMACY: U.S. Trustee Opposes Approval of Disclosure Statement
-------------------------------------------------------------------
The U.S. trustee overseeing the Chapter 11 case of QVL Pharmacy
Holdings, Inc., asked a bankruptcy court to deny approval of the
disclosure statement detailing the company's proposed Chapter 11
plan of reorganization.

In a filing with the U.S. Bankruptcy Court in Massachusetts, the
Justice Department's bankruptcy watchdog argued that the document
"lacks adequate information."

"Without this information, Class 3 creditors cannot make an
informed decision regarding the plan," the agency said, referring
to unsecured creditors who won't be paid in full under the plan.

According to the U.S. trustee, the disclosure statement "provides
no clear and concise description" of how QVL Pharmacy or the
official overseeing the liquidating trust will implement the
restructuring plan.

The agency also argued that the disclosure statement neither
identifies the reorganized company's management nor its
compensation in violation of section 1129 of the Bankruptcy Code.

Under U.S. bankruptcy law, a company going through bankruptcy must
get approval of its disclosure statement to begin soliciting votes
for its Chapter 11 plan.  The document must contain sufficient
information to enable voting creditors to make an informed decision
about the plan.  

                       About QVL Pharmacy

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

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

The Hon. Frank J. Bailey presides over the case.

The Debtor is represented by:

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

The Debtor has tapped as CRO:

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

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


REBUS CORP: Court to Take Up Plan Outline on August 24
------------------------------------------------------
The U.S. Bankruptcy Court for the District of Puerto Rico is set to
hold a hearing on August 24, at 9:00 a.m., to consider the
disclosure statement detailing the Chapter 11 plan of Rebus Corp.

The hearing will take place at the U.S. Bankruptcy Court, Jose V.
Toledo Federal Building and U.S. Courthouse, Courtroom No. 1,
Second Floor, 300 Recinto, Sur, Old San Juan, Puerto Rico.

Objections to the disclosure statement must be filed not less than
14 days prior to the hearing.

Rebus Corp. is represented by:

     Homel Mercado Justiniano, Esq.
     Calle Ramirez Silva #8
     Ensanche Martinez
     Mayaguez, PR 00680
     Tel: (787) 831-2577
     Fax: (787) 805-7350
     Email: hmjlaw2@gmail.com

                        About Rebus Corp.

Rebus Corp. sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. P.R. Case No. 16-02891) on April 13, 2016.  The
petition was signed by Pedro Martinez, president.  

The case is assigned to Judge Brian K. Tester.

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.


REED EQUIPMENT: US Trustee Fails to Appoint Creditors' Committee
----------------------------------------------------------------
The U.S. Trustee informs the U.S. Bankruptcy Court for the Western
District of Tennessee that a committee of unsecured creditors has
not been appointed in the Chapter 11 case of Reed Equipment
Leasing, LLC, due to insufficient response to the U.S. Trustee
communication/contact for service on the committee.

                      About Reed Equipment

Reed Equipment Leasing, LLC, sought protection under Chapter 11  
of the Bankruptcy Code in the Western District of Tennessee
(Jackson) (Case No. 16-10880) on May 3, 2016.   

The petition was signed by John R. Reed, chief manager.  The  
case is assigned to Judge Jimmy L. Croom.

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


REVLON ESCROW: Moody's Assigns B3 Rating to $400MM Unsecured Notes
------------------------------------------------------------------
Moody's Investors Service assigned a B3 rating to $400 million of
senior unsecured notes being issued by Revlon Escrow Corporation
("Escrow Issuer"), a wholly owned subsidiary of Revlon Consumer
Products Corporation (together "Revlon").

The notes are being issued to partially fund Revlon's previously
announced refinancing as well as the $870 million acquisition of
Elizabeth Arden ("Arden") that is expected to close during the
second half of 2016, subject to customary regulatory and closing
conditions. Revlon will hold net proceeds from the issuance in
escrow until the close of the Arden acquisition, at which time
Revlon Consumer Products Corporation will assume the proposed notes
through a merger with the Escrow Issuer, and provide note
guarantees by Arden and existing wholly owned domestic
subsidiaries.

RATING RATIONALE

Moody's said, "Revlon's B1 Corporate Family Rating reflects the
high financial leverage that will result from the Arden
acquisition, along with high execution risk related to the
integration of the still challenged business and the plan to
extract major 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 and
skin care segments, 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 & Forbes
(M&F)."

Ratings assigned:

Revlon Escrow Corporation:

  $400 million senior unsecured notes due 2024 at B3 (LGD5).

Revlon's stable outlook reflects Moody's expectation that Revlon
will achieve at least half of the $139 million of projected cost
savings expected from the Arden acquisition 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 deterioration of core
operating performance 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 of integrating and stabilizing the acquired Elizabeth
Arden business and Revlon's aggressive plan to realize about $139
million in expected cost 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.

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. Perelman. Revlon's net sales for the 12 months ended
March 31, 2016 were approximately $1.9 billion. Pro forma 2016
sales, including the pending Arden acquisition, will be
approximately $3.0 billion.


RICHARD CORP: U.S. Trustee Unable to Appoint Creditors' Panel
-------------------------------------------------------------
The U.S. Trustee informs the U.S. Bankruptcy Court for the Middle
District of Florida that a committee of unsecured creditors has not
been appointed in the Chapter 11 case of The Richard Corporation
due to insufficient response to the U.S. Trustee
communication/contact for service on the committee.

Cape Coral, Florida-based The Richard Corporation, dba Moon
Plumbing and Moon Septic, filed a Chapter 11 petition (Bankr. M.D.

Fla. Case No. 16-04612) on May 27, 2016.  The Hon. Caryl E. Delano

presides over the case.  Edward J. Peterson, III, Esq., at
Stichter, Riedel, Blain & Postler, P.A., serves as counsel to the
Debtor.  In its petition, the Debtor estimated under $50,000 in
assets and $1 million to $10 million in liabilities.  The petition

was signed by Richard J. Katz, president.


RONALD COHEN: Court to Take Up Plan Outline on August 25
--------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Georgia is
set to hold a hearing on August 25, at 2:00 p.m., to consider the
disclosure statement detailing the Chapter 11 plan of Ronald H.
Cohen.

The hearing will take place at the U.S. Courthouse, Room 228, 125
Bull Street, Savannah, Georgia.  Objections to approval of the
disclosure statement are due by August 18.

                      About Ronald H. Cohen

Ronald H. Cohen sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S. D. Ga. Case No. 16-40653) on May 2,
2016.  

The case is assigned to Judge Edward J. Coleman III.  The Debtor is
represented by Richard C. E. Jennings, Esq., at the Law Offices of
Skip Jennings, PC.


ROSEVILLE SENIOR: Court to Take Up Plan Outline on August 15
------------------------------------------------------------
The U.S. Bankruptcy Court for the District of New Jersey is set to
hold a hearing on August 15, 11:00 a.m., to consider the disclosure
statement detailing the Chapter 11 plan proposed by the Chapter 11
trustee of Roseville Senior Living Properties, LLC.

The hearing will take place at Courtroom 8, 402 East State Street,
Trenton, New Jersey.  Objections to approval of the disclosure
statement must be filed no later than 14 days prior to the
hearing.

                      About Roseville Senior Living

Roseville Senior Living Properties, LLC, owns and operates a senior
assisted living housing facility in Roseville, California. It filed
for Chapter 11 bankruptcy (Bankr. D.N.J. Case No. 13-31198) on
Sept. 27, 2013, in Newark, New Jersey.

The petition was signed by Michael Edrel. Edrel is the managing
director of Meecorp Capital Markets, LLC, the manager o f the
Debtor.

The case is assigned to Judge Michael B. Kaplan.  Walter J.
Greenhalgh, Esq., at Duane Morris, LLP, represents Roseville Senior
Living Properties as counsel.  Friedman LLP serves as the Debtor's
accountant.

Roseville Senior Living Properties estimated $10 million to $50
million in assets, and $1 million to $10 million in liabilities. In
its schedules filed with the Bankruptcy Court, the Debtor indicated
total assets and total debts as "Unknown", a copy of which is
available for free at:

       http://bankrupt.com/misc/rosevillesenior.doc54.pdf

The United States Trustee for Region 3 appointed Joseph Rodrigues,
State Long Term Care Ombudsman, California Department of Aging, as
the Patient Care Ombudsman in the Debtor's case.


RYERSON HOLDING: 2nd Offering Has No Impact on Moody's B3 Rating
----------------------------------------------------------------
Moody's Investors Service said that Ryerson Holding Corporation (B3
stable) has commenced an underwritten public offering of 5 million
shares of common stock and has granted the underwriters a 30-day
option to purchase up to an additional 750,000 shares. The company
intends to use the net proceeds from this offering to repurchase or
redeem outstanding debt including its 11.25% Senior Notes due 2018.
Moody's views the stock offering and anticipated debt pay down as
credit positive.

Ryerson Holding Corporation, through various operating
subsidiaries, is the second largest metals service center company
in North America, with over 90 locations in the US, Canada and
Mexico. The company also has six locations in China. Ryerson
provides a full line of carbon steel, stainless steel and aluminum
products to more than 40,000 customers in a broad range of end
markets. The company generated revenues of approximately $3.0
billion for the 12-month period ended March 31, 2016. Ryerson is
controlled by Platinum Equity, which owns about 66% of its
outstanding common stock. Platinum's ownership interest will drop
to about 56% after the common stock offering is completed.


S DIAMOND STEEL: Taps Allan NewDelman as Counsel
------------------------------------------------
S Diamond Steel, Inc. seeks authorization from the U.S. Bankruptcy
Court for the District of Arizona to employ Allan D. NewDelman,
P.C. as counsel.

The Debtor requires the firm to:

   (a) give the Debtor legal advice with respect to all matters
       related to this case;

   (b) prepare on behalf of the Applicant, as Debtor-In-Possession,

       necessary applications, answers, orders, reports and other
       legal papers; and

   (c) perform all other legal services for the Debtor which may be

       necessary herein.

The firm will be paid at these hourly rates:

       Allan D. NewDelman      $395
       Roberta J. Sunkin       $315
       Paralegal               $150-$200
  
The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Allan D. NewDelman 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:

       Allan D. NewDelman, Esq.
       ALLAN D. NEWDELMAN, P.C.
       80 East Columbus Avenue
       Phoenix, AZ 85012
       Tel: (602) 264-4550
       E-mail: anewdelman@adnlaw.net

                     About S Diamond Steel

S Diamond Steel, Inc., based in Phoenix, AZ, filed a Chapter 11
petition (Bankr. D. Ariz. Case No. 16-07846) on July 11, 2016.  The
Hon. Brenda K. Martin presides over the case.  Allan NewDelman,
Esq., at Allan D. NewDelman P.C., as bankruptcy counsel.

In its petition, the Debtor has $1.59 million in total assets and
$5.58 million in total liabilities.  The petition was signed by
Matthew Miles Stevens, president.


SANDRIDGE ENERGY: Annual Report on 401(k) Plan Filed
----------------------------------------------------
SandRidge Energy, Inc., filed with the Securities and Exchange
Commission an Annual Report on Form 11-K for the fiscal year ended
December 31, 2015, with respect to the SandRidge Energy, Inc.
401(k) Plan.

According to the Report, net assets available for benefits at end
of year total $66,594,571.

Houston, Texas-based McConnell & Jones LLP audited the accompanying
Statements of Net Assets Available for Benefits of SandRidge
Energy, Inc. 401(k) Plan as of December 31, 2015 and 2014, and the
related Statement of Changes in Net Assets Available for Benefits
for the year ended December 31, 2015.

A copy of the Report is available at https://is.gd/ftVmw5

                      About SandRidge Energy

SandRidge Energy, Inc. (OTC PINK: SDOC) --
http://www.sandridgeenergy.com/-- is an oil and natural gas   
exploration and production company headquartered in Oklahoma City,
Oklahoma, with its principal focus on developing high-return,
growth-oriented projects in the U.S. Mid-Continent and Niobrara
Shale.

SandRidge Energy, Inc. and 24 of its subsidiaries each filed a
voluntary petition under Chapter 11 of the Bankruptcy Code (Bankr.
S.D. Tex. Lead Case No. 16-32488) on May 16, 2016. The petitions
were signed by Julian M. Bott as chief financial officer.

The Debtors have hired Kirkland & Ellis LLP as general bankruptcy
counsel, Zack A. Clement PLLC as local counsel, Houlihan Lokey
Capital, Inc. as financial advisor, Alvarez & Marsal Holdings, LLC
as restructuring advisor and Prime Clerk LLC as claims and
noticing
agent.

The cases are assigned to Judge David R Jones.

The Office of the U.S. Trustee has appointed five creditors of
SandRidge Energy, Inc., to serve on the official committee of
unsecured creditors.  The Committee retained Akin Gump Strauss
Hauer & Feld LLP as counsel.


SANDRIDGE ENERGY: To Issue $300M in Convertible Notes Due 2020
--------------------------------------------------------------
SandRidge Energy, Inc. filed with the Securities and Exchange
Commission a Form T-3 "FOR APPLICATIONS FOR QUALIFICATION OF
INDENTURES UNDER THE TRUST INDENTURE ACT OF 1939".

SandRidge Energy intends to issue $300,000,000 in Convertible
Senior Notes Due 2020 on, or as soon as practicable following, the
effective date under the Debtors' Amended Joint Plan of
Reorganization.

A copy of the Form T-3 document is available at
https://is.gd/uzXM14

                     About SandRidge Energy

SandRidge Energy, Inc. (OTC PINK: SDOC) --
http://www.sandridgeenergy.com/-- is an oil and natural gas    
exploration and production company headquartered in Oklahoma City,
Oklahoma, with its principal focus on developing high-return,
growth-oriented projects in the U.S. Mid-Continent and Niobrara
Shale.

SandRidge Energy, Inc. and 24 of its subsidiaries each filed a
voluntary petition under Chapter 11 of the Bankruptcy Code (Bankr.
S.D. Tex. Lead Case No. 16-32488) on May 16, 2016. The petitions
were signed by Julian M. Bott as chief financial officer.

The Debtors have hired Kirkland & Ellis LLP as general bankruptcy
counsel, Zack A. Clement PLLC as local counsel, Houlihan Lokey
Capital, Inc. as financial advisor, Alvarez & Marsal Holdings, LLC
as restructuring advisor and Prime Clerk LLC as claims and
noticing
agent.

The cases are assigned to Judge David R Jones.

The Office of the U.S. Trustee has appointed five creditors of
SandRidge Energy, Inc., to serve on the official committee of
unsecured creditors.


SAYEEH SHAMTOB: Plan Outline Okayed, Confirmation Hearing on Aug 23
-------------------------------------------------------------------
The U.S. Bankruptcy Court for the Central District of California on
July 14 approved the outline of the Chapter 11 plan of
reorganization proposed by Sayeeh Shamtob, allowing her to begin
soliciting votes from creditors.

Ms. Shamtob has until July 26 to serve the solicitation package and
until August 16 to file the ballot summary.  Ballots accepting or
rejecting the plan must be received by her legal counsel no later
than 4:00 p.m., on August 9.

A court hearing to consider confirmation of the plan will be held
on August 23, at 1:30 p.m.  Objections to the plan are due by
August 9.

A copy of the court order is available for free at
https://is.gd/Nd1RB9

Ms. Shamtob is represented by:

     M. Jonathan Hayes, Esq.
     Matthew D. Resnik, Esq.
     Roksana D. Moradi, Esq.
     Simon Resnik Hayes LLP
     15233 Ventura Boulevard, Suite 250
     Sherman Oaks, CA 91403
     Telephone: (818) 783-6251
     Facsimile: (818) 827-4919
     Email: jhayes@SRHLawFirm.com
     Email: matthew@SRHLawFirm.com
     Email: roksana@SRHLawFirm.com

                      About Sayeeh Shamtob

Sayeeh Shamtob sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. C.D. Cal. Case No. 15-10549) on February 20, 2015.
The case is assigned to Judge Martin R. Barash.


SCIO DIAMOND: Director James Korn Resigns
-----------------------------------------
Scio Diamond Technology Corporation released its report on the
resignation of James Korn from the Board of Directors.

Mr. James Korn resigned from the Board of Directors of Scio Diamond
Technology Corporation in a letter dated June 27, 2016.  Mr. Korn's
resignation letter prompted the Board to appoint a Special
Investigation Committee comprised of two independent directors,
Bruce Likly, Vice Chairman of the Board and Chairman of the
Governance Committee, and Ben Wolkowitz, Chairman of the Audit
Committee, to investigate the assertions set forth in Korn's
letter.  The SIC has completed its investigation and concluded that
the assertions set forth in Korn's letter are "baseless and
unsupported."

"We are releasing the SIC report to support our pledge of
transparency to shareholders," said Gerald McGuire, CEO.

The Company has filed the SIC's report with the SEC, a copy of
which is available for free at https://is.gd/B5spgt

                    About Scio Diamond

Scio Diamond Technology Corporation was incorporated under the laws
of the State of Nevada as Krossbow Holding Corp. on Sept. 17, 2009.
The Company's focus is on man-made diamond technology development
and commercialization.

Scio Diamond reported a net loss of $3.62 million on $616,758 of
revenue for the year ended March 31, 2016, compared to a net loss
of $4.14 million on $726,193 of revenue for the year ended March
31, 2015.  As of March 31, 2016, Scio Diamond had $10.23 million in
total assets, $3.59 million in total liabilities and $6.64 million
in total stockholders' equity.

Cherry Bekaert LLP, in Greenville, South Carolina, issued a "going
concern" qualification on the consolidated financial statements for
the year ended March 31, 2016, citing that the Company has
generated limited revenue, incurred net losses and incurred
negative operating cash flows since inception and will require
additional financing to fund the continued development of products.
The availability of such financing cannot be assured. These
conditions raise substantial doubt about its ability to continue as
a going concern.


SIDNEY TRANSPORTATION: Seeks Authorization to Use Cash Collateral
-----------------------------------------------------------------
Sidney Transportation Services, LLC asks the U.S. Bankruptcy Court
for the Northern District of Ohio for authorization to use cash
collateral.

The Debtor relates that PNC Bank, National Association; Karl E. and
Judith B. Bemus; and Central States, Southeast and Southwest Areas
Pension Fund, and Arthur H. Bunte, Jr., as Trustee, have security
interests in the cash collateral.

The Debtor relates that it needs immediate authority to use the
cash collateral to fund its day-to-day operations and ultimately
achieve a successful reorganization.  The Debtor further relates
that it currently has no present alternative borrowing source from
which it can secure additional funding to operate its business.

The Debtor's proposed Budget covers the months of July, August and
September 2016.  The Budget provides for the monthly payment of
operating expenses in the amount of $529,609.68.

A full-text copy of the Debtor's Motion, dated July 19, 2016, is
available at https://is.gd/7k3FER

A full-text copy of the Debtor's proposed Budget, dated July 19,
2016, is available at https://is.gd/eWymxn

PNC Bank, N.A. is represented by:

          Gregory B. Jordan, Esq.
          PNC BANK, N.A.
          249 5th Ave., Ste. 30
          Pittsburgh, PA 15222

             About Sidney Transportation Services, LLC.

Sidney Transportation Services, LLC filed a chapter 11 petition
(Bankr. N.D. Ohio Case No. 16-32270) on July 18, 2016.  The
petition was signed by Steven Woodruff, owner/managing member.

The Debtor is represented by Eric R. Neuman, Esq., at Diller and
Rice, LLC.  The case is assigned to Judge John P. Gustafson.

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


SINCLAIR TELEVISION: Moody's Assigns Ba1 to Term Loan A Facilities
------------------------------------------------------------------
Moody's Investors Service assigned a Ba1 rating to the revolving
credit and Term Loan A facilities of Sinclair Television Group,
Inc, (Sinclair) a subsidiary of Sinclair Broadcast Group, Inc. The
transaction extends and amends approximately 80.3% of Sinclair's
combined $485.2 million revolver (undrawn) and total outstanding
Term Loan A of $293, to July 2021 from April 2018. At an
instrumental level, all of the revolver and $139.5 of Term Loan A
was extended. The maturity of the remaining $153.5 million Term
Loan A will remain unchanged, due April 2018. Sinclair Broadcast
Group, Inc.'s Ba3 Corporate Family Rating is unchanged.

Assignments:

Issuer: Sinclair Television Group, Inc

-- Senior Secured Revolver due 2021 ($485.2 million commitment),
    Assigned Ba1, LGD2

-- Senior Secured Term Loan A due 2021 ($139.5 million
    outstanding), Assigned Ba1, LGD2

RATINGS RATIONALE

The extension of maturity is credit positive, pushing the debt
maturity profile of the revolver and approximately 48% of Term Loan
A out by three years, to 2021 from 2018. The maturities spring in
advance of the existing April 2020 Term Loan B maturity and the
existing April 2021 maturity of the 5.375% notes. The amendment
also benefits the company by lowering borrowing costs with better
pricing, but provides less credit protection with first lien
indebtedness ratio raised to 4.25x, and an expansion of the
restricted payment baskets.

Moody's said, "Sinclair's Ba3 Corporate Family Rating reflects
moderately high leverage with debt-to-2 yr avg EBITDA in the mid 5x
(including Moody's standard adjustments), but we expect credit
metrics, including leverage and free cash flow ratios, will improve
further in 2016 as cash flows growth from a rise in retransmission
fees (net of reverse compensation) as well as significant political
ad demand, particularly in the second half of 2016. Acquisitions
have expanded Sinclair's footprint of U.S. households while
diversifying revenue by geography, network affiliation, and market
size. Moody's believes Sinclair's larger scale and reach, and
household coverage just under the FCC maximum, provide operating
and financial benefits, including being better positioned when
negotiating with its networks partners, as well as cable, satellite
and telco distributors."

Sinclair, headquartered in Hunt Valley, MD, and founded in 1986, is
one of the largest U.S. television broadcasters owning, operating
or providing services to 173 stations in 81 markets. The station
group reaches roughly 38% of U.S. television households with
diversified network affiliations across primary and digital
subchannels including each of the major networks. The company also
owns a Washington D.C. based local cable news network and cable
network, Tennis Channel. Members of the Smith family exercise
control over most corporate matters given they represent four of
the eight board seats and, through Sinclair's dual class share
structure, the Smith family controls approximately 76% of voting
rights. Reported net revenue for the 12 months ended March 31, 2016
totaled over $2.3 billion.


SMALLVILLE PRESCHOOL: US Trustee Unable to Appoint Creditors' Panel
-------------------------------------------------------------------
The U.S. Trustee informs the U.S. Bankruptcy Court for the Middle
District of Florida that a committee of unsecured creditors has not
been appointed in the Chapter 11 case of Smallville Preschool,
Inc., due to insufficient response to the U.S. Trustee
communication/contact for service on the committee.

                      Smallville Preschool

Smallville Preschool, Inc., sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. M.D. Fla. Case No. 16-04221) on May
16,
2016.


SPORTS AUTHORITY: Accelerates Store Closings Amid Bankruptcy
------------------------------------------------------------
Peg Brickley, writing for The Wall Street Journal, reported that
Sports Authority is scrambling to close the doors on most or all of
its stores by the end of the month, according to multiple store
employees and managers, an abrupt move that comes amid a fight over
cash between lenders and suppliers.

Managers have been instructed on procedures for wiping the
computers, locking up and walking away, as the dying athletic gear
seller prepares for the final stage of its bankruptcy, according to
seven store managers interviewed by The Wall Street Journal.

The Journal said a lawyer and officials of the Englewood, Colo.,
company didn’t respond to requests to discuss the accelerated
shutdown plan, including questions about whether any stores would
survive into August.  In a May 25 letter to customers, Chief
Executive Michael Foss said the stores would be closed by the end
of August, the report related.

The end could be nearer than that for most Sports Authority stores,
said store managers who were summoned to a conference call last
week, the report further related.  Sports Authority and the nearly
14,000 jobs it once supported is essentially done at the end of
July, they were told. One person who answered the phone at a New
York store said he had been told some stores would stay open
through August, the report added.  His store, however, isn't one of
them, the report said.

                  About Sports Authority Holdings

Sports Authority Holdings, et al., are sporting goods retailers
with roots dating back to 1928.  The Debtors currently operate 464
stores and five distribution centers across 40 U.S. states and
Puerto Rico.  The Debtors offer a broad selection of goods from a
wide array of household and specialty brands, including Adidas,
Asics, Brooks, Columbia, FitBit, Hanesbrands, Icon Health and
Fitness, Nike, The North Face, and Under Armour, in addition to
their own private label brands.  The Debtors employ 13,000 people.

Sports Authority and six of its affiliates filed Chapter 11
bankruptcy petitions (Bankr. D. Del. Case Nos. 16-10527 to
16-10533) on March 2, 2016.  The petitions were signed by Michael
E. Foss as chairman & chief executive officer.

The Debtors have engaged Gibson, Dunn & Crutcher LLP as general
counsel, Young Conaway Stargatt & Taylor, LLP as co-counsel,
Rothschild Inc. as investment banker, FTI Consulting, Inc., as
financial advisor and Kurtzman Carson Consultants LLC as notice,
claims, solicitation, balloting and tabulation agent.

Andrew Vara, Acting U.S. trustee for Region 3, appointed seven
creditors of Sports Authority Holdings Inc. to serve on the
official committee of unsecured creditors.  Lawyers at Pachulski
Stang Ziehl & Jones LLP represent the Official Committee of
Unsecured Creditors.


STAGE COACH: Judge Denies Bid to Approve Plan Outline
-----------------------------------------------------
Stage Coach Venture, LLC, failed to win court approval for the
disclosure statement detailing its proposed Chapter 11 plan.

Judge Victoria Kaufman of the U.S. Bankruptcy Court for the Central
District of California on July 14 did not approve the disclosure
statement for solicitation of ballots to accept or reject the
plan.

                    About Stage Coach Venture

Stage Coach Venture, LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. C. D. Calif. Case No. 15-13471) on October
18, 2015.  The petition was signed by Kevin Tucker, managing
member.  

The case is assigned to Judge Victoria S. Kaufman.

At the time of the filing, the Debtor estimated its assets and
debts at $1 million to $10 million.  The Debtor is represented by
Evan L. Smith, Esq.


STELLAR BIOTECHNOLOGIES: Forms New Company Neostell in France
-------------------------------------------------------------
Stellar Biotechnologies, Inc., and Neovacs S.A. announced the
formation of Neostell S.A.S., a simplified stock corporation
headquartered in France, to carry out the business of the
companies' joint venture, previously announced on May 11, 2016, to
manufacture and sell conjugated therapeutic vaccines using
Stellar's Keyhole Limpet Hemocyanin (KLH).

The purpose of the new company Neostell is to produce Neovacs'
Kinoid immunotherapy product candidates including IFNa-Kinoid, in
clinical development for the treatment of systemic lupus
erythematosus (lupus).  Neostell may also manufacture and sell
other KLH-based immunotherapy products for third party customers
worldwide.  Stellar KLH is a carrier molecule used in Neovacs'
Kinoid technology.

Neostell will be governed by a three-member Board of Directors.  At
the company's first general meeting, the following executives were
appointed to the Board: Bernard Fanget, Chairman (Vice President of
Pharmaceutical Development for Neovacs); Frank Oakes (President and
CEO of Stellar Biotechnologies); and Miguel Sieler (CEO of
Neovacs).  Olivier Dhellin was appointed as CEO of Neovacs.

"This joint venture demonstrates Stellar's commitment to ensuring
that immunotherapy developers like Neovacs have both ample supply
of high-quality KLH as well as the infrastructure and expertise to
manufacture their KLH-based immunotherapies as they advance to
market," said Frank Oakes, president, CEO and Chairman of Stellar
Biotechnologies, Inc.  "With the Neostell corporation in place and
its leadership appointed, we look forward to putting operational
teams together to map out the next-steps for this growth
initiative."

Bernard Fanget, Chairman of Neostell, said, "The Neostell
corporation will first focus on the production scale-up of Neovacs'
IFNa-Kinoid immunotherapy in anticipation of a Korean market
launch, as well as the planned Phase III trial for the treatment of
lupus and the Phase IIa study in dermatomyositis.  My objectives as
Chairman are to make Neostell operational, to effectively access
the conjugated vaccines development market and to ultimately
support the CEO to develop Neostell into a profitable business."

                      About Stellar

Port Hueneme, Cal.-based Stellar Biotechnologies, Inc.'s
business is to commercially produce and market Keyhole Limpet
Hemocyanin ("KLH") as well as to develop new technology related to
culture and production of KLH and subunit KLH ("suKLH")
formulations.  The Company markets KLH and suKLH formulations to
customers in the United States and Europe.

KLH is used extensively as a carrier protein in the production of
antibodies for research, biotechnology and therapeutic
applications.

Stellar Biotechnologies reported a net loss of $8.43 million for
the year ended Aug. 31, 2014, a net loss of $14.5 million for the
year ended Aug. 31, 2013, and a net loss of $5.52 million for the
year ended Aug. 31, 2012.  Stellar Biotechnologies reported a net
loss of $2.84 million on $758,689 of revenues for the year ended
Sept. 30, 2015.

As of March 31, 2016, Stellar had $9.42 million in total assets,
$616,097 in liabilities and $8.81 million in shareholders' equity.


STEPHCRIS OF MISSOURI: Wants to Use MidWest Cash Collateral
-----------------------------------------------------------
StephChris of Missouri, LLC asks the U.S. Bankruptcy Court for the
Eastern District of Missiouri for authorization to use cash
collateral.

The Debtor is indebted to MidWest Regional Bank in the amount of
$1,900,000.

The Debtor relates that it must incur and pay ordinary operating
expenses in order to continue to manage and maintain its business
operations.  The Debtor further relates that it must use its
available cash and the proceeds of its receivables to be generated
by the current and future projects to satisfy these expenses.  The
Debtor adds that if it cannot use these funds to pay its ordinary
and necessary operating expenses, its prospect of a successful
reorganization will be substantially diminished.

The Debtor proposes to make monthly adequate protection payments to
MidWest Regional Bank in the amount of $4,000.

The Debtor's proposed Budget covers a period of four weeks,
beginning on July 15, 2016 and ending on August 14, 2016.  The
Budget provides for payments in the amount of $27,960 for the week
beginning July 15, 2016 and ending July 24, 2016; $23,600 for the
week beginning July 25, 2016 and ending July 31, 2016; $24,900 for
the week beginning August 1, 2016 and ending August 7, 2016; and
$22,450 for the week beginning August 8, 2016 and ending August 14,
2016.

The Debtor's Motion is scheduled for hearing on July 20, 2016 at
11:00 a.m.

A full-text copy of the Debtor's Motion, dated July 19, 2016, is
available at https://is.gd/wWQLjM


             About StephChris of Missouri, LLC.

StephChris of Missouri, LLC -- a retail Dairy Queen operator --
filed a chapter 11 petition (Bankr. E.D. Mo. Case No. 16-45026) on
July 15, 2016.  The petition was signed by Brian D. Brown, managing
member.

The Debtor is represented by Thomas A. DeWoskin, Esq., at Danna
Mckitrick, PC.  The case is assigned to Judge Kathy A.
Surratt-States.

The Debtor estimated total assets and total debts at more than $1
million at the time of the filing.  



SUNEDISON INC: Amendment No. 3 to DIP Financing Deal Filed
----------------------------------------------------------
SunEdison, Inc., obtained certain amendments to the Senior Secured
Superpriority Debtor-in-Possession Credit Agreement, dated as of
April 26, 2016, entered into by and among the Company, the lenders
from time to time party thereto, Deutsche Bank AG New York Branch,
as administrative agent, and the letter of credit issuers and other
financial institutions and entities party thereto from time to
time.

The amendments are reflected in Amendment No. 3 to Senior Secured
Superpriority Debtor-in-Possession Credit Agreement, dated as of
June 24, 2016, among the Company, the DIP Lenders party thereto and
the DIP Agent.

The DIP Amendment modifies certain provisions in the DIP Credit
Agreement relating to, among other things: (a) guaranty and
collateral matters; and (b) certain milestones relating to the
Company's restructuring efforts.

The DIP Amendment provides that on the Third Amendment Effective
Date, the Borrower shall be permitted to withdraw from the Borrower
DIP Facilities Blocked Account an aggregate amount equal to
$20,000,000, which amount shall be for use in accordance with the
Budget then in effect (subject to Permitted Budget Variances) or
for Specified Disbursements; provided that no additional funds may
be withdrawn from the Borrower DIP Facilities Blocked Account
during the period beginning on the Third Amendment Effective Date
and ending on (but including) June 29, 2016. In connection with
such withdrawal, the Borrower shall have delivered a DIP Facilities
Blocked Account Withdrawal Notice to the Administrative Agent
pursuant to Section 5(b) of this Amendment.

After giving effect to the Third Amendment Effective Date, the
failure to satisfy any of the covenants set forth in (i) items 2
and 3 of Schedule 6.17 to the Credit Agreement, (ii) Section
6.17(b)(vi) of the Credit Agreement or (iii) Section 6.27(ii) of
the Credit Agreement shall not constitute a Default or an Event of
Default; provided that, notwithstanding anything to the contrary in
this Section 3(b), the failure to satisfy any Specified Covenant by
June 29, 2016 shall, in each case, constitute an immediate Event of
Default.

The Amendment becomes effective on the date when the Administrative
Agent shall have received (a) a signed counterpart of this
Amendment from the Borrower (on behalf of itself and each Loan
Party) and the Required Lenders and (b) a DIP Facilities Blocked
Account Withdrawal Notice requesting a withdrawal from the Borrower
DIP Facilities Blocked Account in an aggregate amount not in excess
of $20,000,000 (it being understood that such DIP Facilities
Blocked Account Withdrawal Notice shall supersede and replace the
DIP Facilities Blocked Account Withdrawal Notices previously
delivered to the Administrative Agent on June 17, 2016, June 20,
2016 and June 21, 2016, which previously delivered DIP Facilities
Blocked Account Withdrawal Notices are deemed revoked by the
Borrower).

A copy of Amendment No. 3 to Senior Secured Superpriority
Debtor-In-Possession Credit Agreement, dated as of June 24, 2016,
among SunEdison, Inc., a debtor and a debtor-in-possession, the
lenders party thereto and Deutsche Bank AG New York Branch, as the
administrative agent, is available at https://is.gd/Quv0Ka

                       About SunEdison, Inc.

SunEdison, Inc., (OTC PINK: SUNEQ) is a developer and seller of
photovoltaic energy solutions, an owner and operator of clean
power
generation assets, and a global leader in the development,
manufacture and sale of silicon wafers to the semiconductor
industry.

On April 21, 2016, SunEdison, Inc., and 25 of its affiliates each
filed a Chapter 11 bankruptcy petition (Bankr. S.D.N.Y. Case Nos.
16-10991 to 16-11017).  Martin H. Truong signed the petitions as
senior vice president, general counsel and secretary.

The Debtors disclosed total assets of $20.71 billion and total
debts of $16.14 billion as of Sept. 30, 2015.

The Debtors have hired Skadden, Arps, Slate, Meagher & Flom LLP as
counsel, Togut, Segal & Segal LLP as conflicts counsel, Rothschild
Inc. as investment banker and financial advisor, McKinsey Recovery
& Transformation Services U.S., LLC, as  restructuring advisors
and
Prime Clerk LLC as claims and  noticing agent.  The Debtors
employed PricewaterhouseCoopers LLP as financial advisors; and
KPMG
LLP as their auditor and tax consultant.

An official committee of unsecured creditors has been appointed in
the case.  The committee tapped Weil, Gotshal & Manges LLP as its
general bankruptcy counsel and Morrison & Foerster LLP as special
counsel.


SUNEDISON INC: Looking to Sell Interests in Terraform Global
------------------------------------------------------------
Reuters reported that bankrupt solar company SunEdison Inc
(SUNEQ.PK) is looking to sell its interests in Terraform Global Inc
(GLBL.O), the "yieldco" said on July 20, 2016.

According to the report, yieldcos are publicly traded subsidiaries
that hold renewable energy assets, including assets bought from
their parents. They are backed by long-term power purchase
contracts with utilities, allowing them to pay regular dividends.

The companies are in "active discussions" for a joint sale,
Terraform Global said in a regulatory filing, the report related.
Terraform Global, which hasn't reported results since the quarter
ended Sept. 30, said it expects first-quarter revenue of $47
million to $52 million, hurt by unusually low wind in Brazil, the
report further related.

Terraform Global also said it does not expect to achieve its
targeted dividend growth rate for Class A shares, the report said.

The company also said on Wednesday its annual filing for 2015 may
include a "going concern" note due to risks related to SunEdison's
bankruptcy, but said it had sufficient liquidity to support ongoing
operations, the report added.

                    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: Taps Ankura Consulting to Provide CRO
--------------------------------------------------------
SynCardia Systems, Inc. seeks authorization from the U.S.
Bankruptcy Court for the District of Delaware to employ Ankura
Consulting Group, LLC to provide interim management services, nunc
pro tunc to the July 1, 2016 petition date and designate Stephen
Marotta as chief restructuring officer and B. Lee Fletcher as
assistant restructuring officer.

Mr. Marotta as CRO and Mr. Fletcher as ARO are charged with
assisting the Debtor with its various operational, administrative,
and financial needs arising in connection with this Chapter 11
case.  More specifically, Mr. Marotta, with the assistance of Mr.
Fletcher, will provide various services which may include, but are
not necessarily limited to:

   (a) supervise management in organizing the Debtor's resources
       and activities so as to effectively and efficiently plan,
       coordinate and manage the Chapter 11 process and
       communicate with customers, vendors, lenders, suppliers,
       employees, shareholders and other parties in interest.  
       This includes oversight in the preparation of the Statement

       of Financial Affairs, Schedule of Assets and Liabilities
       and Monthly Operating Reports;

   (b) supervise management in designing and implementing programs

       to manage or divest assets, improve operations, reduce
       costs and restructure as necessary with the objective of
       rehabilitating the business;

   (c) interface with official committees, other constituencies
       and their professionals, including the preparation of
       financial and operating information required by such
       parties and/or the Bankruptcy Court;

   (d) supervise the Debtor in negotiating a plan of
       reorganization with the various creditors and other
       constituencies;

   (e) assist in preparation and/or amendment of the Debtor's plan

       of reorganization and underlying business plan, if
       necessary, including the related assumptions and rationale,

       along with other information to be included in the
       disclosure statement;

   (f) supervise the forecasting, planning, controlling and other
       aspects of managing case, and if necessary, obtaining DIP
       and/or exit financing;

   (g) supervise the Debtor with respect to resolving disputes and

       otherwise managing claims process;

   (h) as requested, render expert testimony concerning DIP and/or

       exit financing, the feasibility of a plan of reorganization

       and other matters that may arise in the case; and

   (i) such other services required by the Debtor that Mr. Marotta

       and Mr. Fletcher or their staff agree to provide.

Ankura Consulting's fee structure consists of a fixed monthly fee
of $87,500 for the month of July 2016, and $87,500 per month
thereafter which is due and payable, in advance, on the first day
of the month.

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

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

The Bankruptcy Court will hold a hearing on the application on
August 1, 2016, at 4:00 p.m.  Objections, if any, are due July 25,
2016 at 4:00 p.m.

Ankura Consulting can be reached at:

       Stephen Marotta
       ANKURA CONSULTING GROUP, LLC
       800 Lanidex Plaza, Suite 210
       Parsippany, NJ 07054
       Tel: (212) 818-1118
       E-mail: smarotta@mgbd.com

                      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.


SYNTAX-BRILLIAN: Bids to Remove Liquidation Trustee Denied
----------------------------------------------------------
Judge Kevin J. Carey of the United States Bankruptcy Court for the
District of Delaware denied the motion filed pro se by Frank
Waitkus, Jr., a former shareholder of the debtor, to disqualify and
terminate the liquidation trustee and the professionals of the
liquidation trust for proceeding on impeached evidence.  Similar
motions filed pro se by other former shareholders were also
denied.

"In conclusion, a party seeking removal of a trustee must prove
actual injury or fraud.  As recognized in Judge Shannon's May 2016
Opinion, the Court is aware that the former shareholders suffered
harm on account of the collapse of the Debtor companies, but the
Movants have not proved that  they have been harmed by the actions
of the Trustee or his professionals.  They have not provided any
evidence that the Trustee has failed to perform his duties under
the Plan and the Liquidation Trust Agreement.  There is no evidence
of gross negligence, breach of fiduciary duty, breach of trust, and
reckless or willful mishandling of the Liquidation Trust Assets by
the Trustee.  Accordingly, the Motions to Terminate must be
denied," said Judge Carey.

The case is In re: SYNTAX-BRILLIAN CORPORATION, et al., Debtors,
Case No. 08-11407(KJC)(D.I. 2354, 2355, 2356, 2358, 2361, 2362,
2364)(Bankr. D. Del.).

A full-text copy of Judge Carey's July 20, 2016 memorandum opinion
is available at http://bankrupt.com/misc/deb08-11407-2413.pdf

                   About Syntax-Brillian

Based in Tempe, Arizona, Syntax-Brillian Corporation manufactured
and marketed LCD HDTVs, digital cameras, and consumer electronics
products including Olevia(TM) brand high-definition widescreen LCD
televisions and Vivitar brand digital still and video cameras.
Syntax-Brillian was the sole shareholder of California-based
Vivitar Corporation.

The Company and two of its affiliates -- Syntax-Brillian SPE,
Inc., and Syntax Groups Corp. -- filed for Chapter 11 protection
on July 8, 2008 (Bankr. D. Del. Lead Case No.08-11407.  Lawyers at
Greenberg Traurig LLP represented the Debtors as counsel.  Five
members composed the official committee of unsecured creditors.
Pepper Hamilton, LLP, represented the Committee as counsel.  Epiq
Bankruptcy Solutions, LLC, served as the Debtors' balloting,
notice, and claims agent.  When the Debtors filed for protection
against their creditors, they disclosed total assets of
$175,714,000 and total debts of $259,389,000.

The Bankruptcy Court confirmed the Debtors' Joint Chapter 11
Liquidation Plan in an order dated July 6, 2009.  Under the Plan,
general unsecured claims were to received pro rata distributions
from a liquidating trust after payment of the trust's expenses and
a "liquidating trust funding reimbursement."  Holders of allowed
prepetition credit facility claims were to receive their pro rata
distributions from a lender trust, after payment in full of
allowed DIP facility claims.  A full-text copy of the Debtors' 2nd
amended Chapter 11 liquidating plan is available at:

   http://bankrupt.com/misc/syntax-brillian2ndamendedplan.pdf    

The SB Liquidation Trust is represented by David M. Fournier,
Esq., and Evelyn J. Meltzer, Esq., at Pepper Hamilton LLP; and
Allan B. Diamond, Esq., Andrea L. Kim, Esq., Eric D. Madden, Esq.,
and Michael J. Yoder, Esq., at Diamond McCarthy LLP.


TATA CHEMICALS: S&P Affirms 'B+' CCR & Revises Outlook to Pos.
--------------------------------------------------------------
S&P Global Ratings affirmed the 'B+' corporate credit rating and
revised its outlook on Tata Chemicals North America Inc. to
positive from stable.  At the same time, S&P affirmed all recovery
and associated issue-level ratings on the company.

"The outlook revision reflects our expectation of moderately higher
earnings in fiscal year 2017, given our belief that Tata Chemicals
North America Inc. has resolved its production problems and that
volumes will improve from fiscal 2016 levels," said S&P Global
Ratings credit analyst Allison Schroeder.  "We believe this
operating improvement could boost credit measures to levels
appropriate for a higher rating," she added.

S&P also believes that financial policies will remain supportive of
maintaining appropriate credit measures, and believe that the
possibility of a large debt-funded acquisition or shareholder
rewards are unlikely.

The positive outlook reflects S&P's expectation that stronger
earnings in 2017 and beyond will gradually improve Tata's credit
metrics.  S&P expects that the cost advantage for natural soda ash
producers should continue for at least the next few years, allowing
TCNA to continue to generate solid EBITDA margins.  S&P assumes
that the company will continue to maintain prudent financial
policies and, therefore, S&P has not factored into its analysis any
large debt-funded dividends or acquisitions.  At the current
rating, we expect FFO to total debt to be in the 25% to 30% range
over the next year, even in periods of seasonal fluctuations.

S&P could consider an outlook revision if the company's earnings
were to deteriorate such that FFO to debt declines to the mid-20%
level with no prospect of improvement.  This could occur if there
were a significant operating disruption to the company's site, a
substantial reduction in demand for soda ash, or if TCNA encounters
any difficulties sourcing key raw materials.  S&P could also
consider an outlook revision if, against its current expectations,
financial policies became more aggressive, and would not support a
higher rating.

S&P could raise long-term ratings over the next year if the
company's credit metrics improve so that S&P expects FFO to debt to
remain above 30% on a sustained basis.  S&P believes an improvement
could result if EBITDA margins improved by 200 basis points or more
from S&P's expectations, coupled with modest revenue growth.  Given
the volatility due to fluctuations in soda ash prices and the
seasonality in revenues, S&P would expect FFO to debt to be
consistently above 20% on a weighted average basis during an
earnings downturn for an upside scenario to materialize.


TRANS COASTAL: Wants Plan Filing Period Extended to Aug. 19
-----------------------------------------------------------
Trans Coastal Supply Company, Inc., asks the U.S. Bankruptcy Court
for the Central District of Illinois to extend the exclusivity
period for the Debtor to file its Chapter 11 Plan and Disclosure
Statement from July 20, 2016, to Aug. 19, 2016.

On April 12, 2016, the Court conducted a hearing and entered an
order on April 14, 2016, extending the Debtor's exclusivity period
to file a Chapter 11 Plan and Disclosure Statement to July 20,
2016, noting that the Debtor was making adequate and reasonable
efforts to negotiate with the Creditors Committee as to an
acceptable Plan.

The Debtor continues those negotiations and the Debtor and the
Creditors Committee have narrowed the issues of contention
significantly, having progressed through several plan drafts.

A Joint Plan between the Creditors Committee and the Debtor is now
on its eighth draft and although all points of contention have not
been resolved, the Debtor submits that a short extension to see if
those points can be resolved is appropriate.

The Debtor's counsel can be reached at:

     Jeffrey D. Richardson
     RICHARDSON & ERICKSON
     132 South Water Street, Suite 444
     Decatur, IL 62523
     Tel: (217) 425-4082
     E-mail: jdrdec@aol.com

                    About Trans Coastal Supply

Headquartered in Decatur, Illinois, Trans Coastal Supply Company
Inc. ships grain and other agricultural products like the ethanol
byproduct distillers dried grains (DDGS) in containers to overseas
buyers.

Trans Coastal filed for Chapter 11 bankruptcy protection (Bankr.
C.D. Ill. Case No. 15-71147) on July 23, 2015.  Judge Mary P.
Gorman presides over the Debtor's case.  Jeffrey D. Richardson,
Esq., at Richardson & Erickson, represents the Debtor.

The Debtor estimated both assets and liabilities between $10
million and $50 million.


TRAVELPORT WORLDWIDE: Appoints Scott Forbes as a Non-Exec. Director
-------------------------------------------------------------------
Travelport has appointed Scott Forbes to its Board of Directors.
He replaces Gregory Blank from Blackstone who has tendered his
resignation to the Board following Blackstone's share sell down in
March of this year.  Scott's appointment is effective from July 15,
2016.

In connection with the appointment, Mr. Forbes will be paid (1)
$200,000 per year as compensation for his service as a member of
the Board, in a mix of $75,000 in cash and $125,000 in time-based
restricted share units, and (2) $10,000 in cash per year as
compensation for his service as a member of the Audit Committee of
the Board, consistent with the compensation paid to the other
members of the Company's Board.

Scott, an experienced non-executive director, has over 35 years' of
operations, finance and online experience in businesses across a
range of industry sectors.  He currently serves as Chairman of two
LSE-listed companies: Ascential plc, an international business to
business media company; and Rightmove Group plc, the UK's number
one property website which has been growing steadily since its
inception over 15 years ago.  Scott is also Chairman of the Innasol
Group Limited, a leading UK renewable energy company, and was
previously Chairman of Orbitz Worldwide, one of the world's largest
online travel agencies, until its sale to Expedia in September
2015.

Before that, Scott spent 15 years at Cendant Corporation, which was
formerly the largest provider of travel and residential property
services worldwide.  While at Cendant Corporation, Scott held a
number of senior executive roles including Group Managing Director
of Cendant Europe, Middle East, Africa and Asia.

Commenting on the appointment, Doug Steenland, Chairman of the
Travelport Board of Directors, said: "I am very pleased to welcome
Scott Forbes to our Board.  Scott has deep experience in the travel
industry, and also in the online and digital space, and has led,
acquired and scaled multiple businesses.  We look forward to
drawing on his significant experience as we continue to execute on
our proven strategy."

Scott will also serve on the Audit Committee of the Travelport
Board.

The Travelport Board of Directors consists of eight members, all of
whom, with the exception of Travelport's President and CEO, Gordon
Wilson, are independent directors.

                  About Travelport Worldwide

Travelport Worldwide Limited is a travel commerce platform
providing distribution, technology, payment and other solutions for
the global travel and tourism industry.

As of March 31, 2016, Travelport had $2.96 billion in total assets,
$3.26 billion in total liabilities and a total deficit of $297
million.

                           *     *     *

As reported by the TCR on March 8, 2016, Standard & Poor's Ratings
Services raised to 'B+' from 'B' its long-term corporate credit
rating on U.K.-based travel services provider Travelport Worldwide
Ltd.  The outlook is stable.


TRIANGLE USA: No Creditor's Committee Appointed
-----------------------------------------------
Andrew R. Vara, Acting U.S. Trustee, informs the U.S. Bankruptcy
Court for the District of Delaware that a committee of unsecured
creditors has not been appointed in the Chapter 11 case of Triangle
USA Petroleum Corporation due to insufficient response to the U.S.
Trustee communication/contact for service on the committee.

                        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.


TTJ ENTERPRISES: Court to Take Up Plan Outline on Aug. 17
---------------------------------------------------------
The U.S. Bankruptcy Court for the Middle District of Louisiana is
set to hold a hearing on August 17, at 11:00 a.m. to consider the
outline of the Chapter 11 plan of reorganization proposed by TTJ
Enterprises, LLC.

The hearing will take place at the U.S. Bankruptcy Court, Room 222,
707 Florida Street, Baton Rouge, Louisiana.  Objections must be
filed no later than eight days before the hearing.

TTJ Enterprises on July 14 proposed a plan to exit bankruptcy
protection and pay the claims of its creditors.

Under the plan, general unsecured creditors in Class 3, who hold an
estimated $3.87 million in claims, will recover 5% of their claims
if Taylor Jeansonne and Trasie Jeansonne Stelly waive their right
to receive a distribution under the plan.

If both creditors, who assert more than $3.6 million in claims, do
not agree to waive their right, the Class 3 general unsecured
creditors will receive less than 1% of their claims, according to
the disclosure statement detailing the plan.

A copy of the disclosure statement is available for free at
https://is.gd/5SFXDl

TTJ Enterprises is represented by:

     Noel Steffes Melancon, Esq.
     Steffes Vingiello & McKenzie LLC
     13702 Coursey Boulevard, Bldg.3
     Baton Rouge, Louisiana 70817
     Telephone: 225.751.1751
     Fax: 225.751.1998
     Email: nsteffes@steffeslaw.com

                      About TTJ Enterprises

TTJ Enterprises, LLC owns and operates La Grove Plaza, Car Wash,
Market and Lube Center located in the Parish of Ascension,
Louisiana.

TTJ Enterprises filed a Chapter 11 petition (Bankr. M.D. La. Case
No. 16-10112) on Feb. 1, 2016.  Noel Steffes Melancon, Esq., and
William E. Steffes, Esq., at Steffes Vingiello & McKenzie LLC.

In its petition, the Debtor estimated $1 million to $10 million in

both assets and liabilities.  The petition was signed by James
Taylor Jeansonne, president.


UNITED MOBILE: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: United Mobile Solutions, LLC
        6140 Northbelt Parkway, Suite A
        Norcross, GA 30071

Case No.: 16-62537

Chapter 11 Petition Date: July 20, 2016

Court: United States Bankruptcy Court
       Northern District of Georgia (Atlanta)

Debtor's Counsel: Cameron M. McCord, Esq.
                  JONES & WALDEN, LLC
                  21 Eighth Street, NE
                  Atlanta, GA 30309
                  Tel: (404) 564-9300
                  Fax: (404) 564-9301
                  E-mail: cmccord@joneswalden.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Kil Won Lee, president.

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/ganb16-32537.pdf


UNITED MOBILE: Files Ch.11 Petition to Facilitate Restructuring
---------------------------------------------------------------
iTalk, Inc. on July 21, 2016, disclosed that United Mobile
Solutions, LLC ("UMS LLC"), an indirect wholly owned subsidiary of
iTalk, has filed a voluntary petition for relief under Chapter 11
of the U.S. Bankruptcy Code in the United States Bankruptcy Court
for the Northern District of Georgia, to enhance liquidity while it
reorganizes.  In doing so, UMS LLC is moving forward to implement
its financial restructuring plan, which is intended to
significantly reduce debt and other liabilities, provide maximum
recoveries for creditors and cause no interruption of its carrier
master dealer operations.  All retail stores operated by UMS LLC
are open for business and continuing to operate in ordinary
course.

"Our retail units across the country are open and will operate
without interruption throughout the reorganization process," said
David Lee, President of iTalk.  "The resulting deleveraging is
expected to strengthen UMS LLC's balance sheet, creating a strong
and sustainable capital structure and maximizing shareholder
value."

David Levy, CEO of iTalk, added, "We believe the financial
restructuring plan we are announcing [Thurs]day is in the best
interest of all UMS LLC's stakeholders."

                           About iTalk

iTalk is a full service solutions provider for the mobility
industry, specializing in retail and wholesale distribution, master
agent services, as well as providing turnkey dealer portal and
logistic solutions to its customers and dealers.  iTalk currently
employs 30 people and is based in Norcross, GA with operations in
San Antonio, TX, Dallas, TX, the Carolinas, Georgia and Miami, FL,
with planned expansion to growth markets throughout the United
States.


VANTAGE SPECIALTIES: Moody's Affirms B2 Corporate Family Rating
---------------------------------------------------------------
Moody's Investors Service affirmed Vantage Specialties Chemicals,
Inc. B2 corporate family rating (CFR) and B2-PD probability of
default rating (PDR) following its July 20th announced acquisition
of ICV Mallet Holding, Inc., parent company to Mallet and Company,
Inc. ("Mallet"). Moody's assigned B2 ratings to the amended and
extended $60 million revolving credit facility due August 2019 and
$386.5 million senior secured first lien term loan due February
2021, which was upsized from $301.5 million (balance as of March
31, 2016). Additionally, Moody's assigned a Caa1 rating to
Vantage's new $40 million second lien term loan due February 2022.
Vantage will use the added debt to finance the acquisition of
Mallet from its current private equity owner ICV Partners. The
transaction is expected to close in early August. The outlook is
stable.

The following summarizes the ratings activity:

Ratings Assigned:

Vantage Specialties, Inc.

$60 million senior secured revolving credit facility due August
2019 -- B2 (LGD3)

$386.5 million senior secured first lien term loan due February
2021 -- B2 (LGD3)

$40 million second lien term loan due February 2022 -- Caa1
(LGD6)

Outlook: Stable

Ratings Affirmed:

Vantage Specialties Chemicals, Inc.

Corporate Family Rating -- B2

Probability of Default Rating -- B2-PD

Outlook: Stable

Ratings to be Withdrawn at close of transaction:

Vantage Specialties, Inc.

$60 million senior secured revolving credit facility due 2017 --
B2 (LGD4)

$301.5 million senior secured first lien term loan due 2019 -- B2
(LGD4)

The ratings are subject to the receipt and review of final
documentation.

RATINGS RATIONALE

The B2 Corporate Family Rating (CFR) reflects Vantage's elevated
pro forma leverage of approximately 5.1x Debt /EBITDA as of March
31, 2016 incorporating the Mallet acquisition as well as its
moderate-to-low growth industry fundamentals. While the Mallet
acquisition will increase the size and diversity of Vantage, the
modest size of the company, reflected by revenues of $472 ($540
million on a pro forma basis with Mallet and the other acquisitions
from 2015 and 2016), for the LTM period ending March 31, 2016,
constrains the rating. Additionally, the company has moderate
customer concentration since historically the top 15 customers
represent 26% of Vantage's gross profit, and one customer accounts
for roughly 9.2% of accounts receivable at December 31, 2015. While
the company also has operations in Ohio, Arizona, Argentina and
Pittsburgh, the meaningful operational dependence of the business
on its two Illinois based manufacturing sites as well as the narrow
financial disclosure that is inherent with a non-public filer also
limit the rating.

The B2 rating is supported by good EBITDA margins (above 15% for
the LTM ending March 31, 2016) and established market positions in
a wide range of end-uses, including cosmetics, fuel additives,
detergents, and foods. The Mallet acquisition adds to Vantage's
more resilient end markets since it provides solutions for the
foodservice industries, including baking ingredients, release
agents, emulsifiers, and other process-critical ingredients.
Supporting Vantage's rating are the natural raw materials of animal
and vegetable fats, which are considered sustainable and renewable.
Additionally, the company benefits from the unique characteristics
of the end-products which allow for: use in food and food
processing, applications for personal care products, and
suitability for "natural" and "green" requirements. Furthermore, in
many applications Vantage's products represent a small part of the
overall cost of finished goods for the customer, but provide a
functional attribute. Vantage also benefits from favorable customer
retention in the Specialty Derivatives business segment, wherein
customers are more averse to switching to alternate suppliers due
to concerns over the potential for change to product performance
caused by differing formulations.

Vantage's liquidity is good; supported by the expected $10 million
cash balance following the Mallet transaction, positive free cash
flow, and availability under the $60 million revolver. The revolver
is expected to have $10 million drawn following the Mallet
acquisition, and the company is expected to be an occasional user
of the revolver to finance working capital needs. In July 2016, the
term loan was increased to $386.5 million from $301.5 million in
order to finance the acquisition of Mallet, a food ingredients
company. At the same time, the $60 million revolver maturity was
extended by 2.5 years to August 2019 and the first lien term loan
maturity was extended by two years to February 2021. Additionally,
a $40 million second lien term loan due February 2022 was put in
place to help fund the transaction. As of March 31, 2016, Vantage
has sufficient covenant headroom and is expected to maintain
sufficient headroom through 2016, assuming economic stability in
its main geographic markets. The company has required amortization
of 1% per annum on the first lien term loan due February 2021.
Capital expenditures are at maintenance levels and expected to
range between $15-$20 million. While there is no regular dividend,
in November of 2013 Vantage distributed an $83 million special
dividend to The Resolute Fund II, L.P (fund managed by The Jordan
Company) and management shareholders. Additional dividends are not
expected in the near term, but may occur over time.

The stable outlook reflects that Vantage's revenues will generally
experience low-to-modest growth and good profitability, and benefit
from the Specialty Derivatives business and the recent acquisition
that have added higher margin products. Additionally, Moody's
expects Vantage to retain relationships with key customers and
continue to move away from commodity to more innovative specialty
applications, as it has with recent acquisitions in jojoba, various
personal care active ingredient products, and now the July 2016
acquisition of Mallet, in the foodservice industry. Furthermore,
the company will continue to benefit from the steady performance of
the Oleochemical business, which is aided by supply contracts that
include monthly cost adjustments that stabilize margins when raw
materials are volatile.

Moody's would consider upgrading the ratings if the company
expanded revenues substantially, near $800 million, achieved
leverage sustainably below 4.0x, and realized Retained Cash
Flow/Debt sustainably in the mid-teens. Conversely, the ratings or
outlook could be lowered if earnings or liquidity were to
deteriorate, resulting in shrinking cash flow generation, lower
margins, or leverage sustained above 5.5x.

Vantage Specialties Chemicals, Inc., based in Chicago, Illinois, is
a privately-held, company that converts animal fat and vegetable
oil into oleochemicals and related specialty chemicals. The company
operates through two main complementary business segments,
Oleochemicals and Specialty Derivatives, and produces more than
1,500 products for over 3,000 customers in 50 countries. Vantage
was purchased by The Jordan Company, a private equity firm, in
January 2012. With a history of growth through acquisitions,
Vantage completed the acquisition of Mallet and Company, Inc. on
July 20 2016. Vantage's revenue for the LTM ending March 31, 2016
was $472 million and adjusted EBITDA was $68 million (pro forma for
Mallet and other acquisitions, the combined revenue and adjusted
EBITDA would be $540 million and $85.1 million).


VERSO PAPER: Moody's Assigns B1 CFR Following Ch. 11 Emergence
--------------------------------------------------------------
Moody's Investors Servicea ssigned definitive ratings to Verso
Paper Holdings LLC's (Verso) B2 $220 million six-year senior
secured term loan and B1 corporate family rating (CFR). The
provisional ratings were assigned pending the emergence from
bankruptcy and the closing of the exit financing. At the same time,
Verso was assigned a B1-PD probability of default rating, the
outlook for the ratings are stable and the speculative grade
liquidity rating is SGL-2.

Assignments:

Issuer: Verso Paper Holdings LLC

-- Probability of Default Rating: Assigned B1-PD

Definitive Ratings Assigned:

Issuer: Verso Paper Holdings LLC

-- Corporate Family Rating: Assigned B1

-- Senior Secured Term Loan: Assigned B2, LGD4

Affirmed:

Issuer: Verso Paper Holdings LLC

-- Speculative Grade Liquidity Rating: Affirmed at SGL-2

-- Outlook: Stable

RATINGS RATIONALE

Verso's B1 CFR primarily reflects expected adjusted leverage of 4.5
times, Verso's leading market share and cost position in the North
American coated paper industry, and good liquidity. Verso's rating
is constrained by the secular decline in demand for about 80% of
the paper grades that the company produces (used for commercial
printing, magazines, catalogs, books, and commercial inserts).
Execution risks in management's focus on cost reduction and the
potential transformation to other grades are also considered,
including the potential for additional capital expenditures.

Moody's said, “The $220 million secured term loan is rated B2,
one notch below the LGD model implied rating, given our view that
size of the priority debt ($375 million ABL plus priority trade
payables) is large relative to the size of the term loan, and the
lack of balance sheet debt that ranks behind the term loan that
could provide loss absorption in the event of a default.”

Verso has good liquidity (SGL-2), with about $150 million of
availability on a $375 million asset-based revolving credit
facility (unrated) that matures in five years. Moody's estimates
Verso will generate about $30 million of positive free cash flow in
the 12 months following emergence from bankruptcy, and will have
minimal debt maturities. Covenant issues are not expected over the
near term.

The stable outlook considers Verso's good liquidity position and
expectations that the coated paper sector will reduce supply to
offset declining demand, allowing the company to maintain
acceptable credit protection metrics through anticipated
challenging industry conditions.

A rating upgrade could result if (RCF-Capex)/TD exceeds 5% and
EBITDA margins exceed 10% on a sustainable basis, while maintaining
good liquidity.

A rating downgrade could result if the company's liquidity position
weakens or if (RCF-Capex)/TD drops below 3% on a sustainable
basis.

Headquartered in Memphis, Tennessee, Verso is the largest North
American coated paper producer. The company emerged from Chapter 11
in July 2016.


WASHINGTON MANAGEMENT: Court Prohibits Cash Collateral Use
----------------------------------------------------------
Judge Carla E. Craig of the U.S. Bankruptcy Court for the District
of Connecticut prohibited Washington Management LLC from using cash
collateral, after a Motion was filed by Shaw Growth Ventures, Inc.
asking the Court to prohibit the Debtor from using cash
collateral.

Judge Craig prohibited the Debtor from using cash collateral
pertaining to the property located at 65 Main Street, Ansonia,
Connecticut.  She directed the Debtor to turn over to Shaw Growth
Ventures all rents received from the property.

A full-text copy of the Order, dated July 19, 2016, is available at
https://is.gd/3kGXBk

Washington Management, LLC is represented by:

          Roy W. Moss, Esq.
          143 Rowayton Ave.
          Norwalk, CT 06853

                 About Washington Management, LLC.

Washington Management, LLC filed a chapter 11 petition (Bankr. D.
Conn. Case No. 16-50333) on March 8, 2016.

The Debtor is represented by Roy W. Moss, Esq.  The case is
assigned to Judge Carla E. Craig.


WATERS EDGE: Case Summary & 4 Unsecured Creditors
-------------------------------------------------
Debtor: Waters Edge on Herron Lake, LLC
        2913 East 52nd Street
        Indianapolis, IN 46205

Case No.: 16-05568

Chapter 11 Petition Date: July 20, 2016

Court: United States Bankruptcy Court
       Southern District of Indiana (Indianapolis)

Judge: Hon. James M. Carr

Debtor's Counsel: Tarek Elias Mercho, Esq.
                  MERCHO CAUGHEY & DELAY
                  828 E. 64th Street
                  Indianapolis, IN 46220
                  Tel: 317-722-0607
                  Fax: 877-797-9648
                  E-mail: tk@mcdlegalfirm.com

Total Assets: $1.28 million

Total Liabilities: $208,500

The petition was signed by Keith Payne, managing member.

A copy of the Debtor's list of four unsecured creditors is
available for free at http://bankrupt.com/misc/insb16-05568.pdf


WIRECO WORLDGROUP: Moody's Cuts Proposed 1st Lien Term Loan to B3
-----------------------------------------------------------------
Moody's Investors Service downgraded WireCo WorldGroup Inc.'s (New)
("WireCo (New)") proposed senior secured first lien term loan to
B3. On July 12, 2016, Moody's assigned to WireCo (New) a B3
Corporate Family Rating and a B3-PD Probability of Default Rating
based on the company's announced aquisition and refinancing. These
ratings and the stable outlook on WireCo (New) remain unchanged.

Moody's said, "WireCo WorldGroup Inc. ("WireCo") announced that it
will upsize to $460 million its originally proposed $410 million
senior secured first lien term loan which was announced on July 11,
2016. The B3 rating reflects the higher proportion of debt at the
most senior level of WireCo's (New) debt capital structure. In
addition, WireCo will downsize to $135 million its originally
proposed $185 million senior secured second lien term loan. The
Caa2 rating of the proposed senior secured second lien term loan is
unchanged. We expect interest savings as a result of these
changes."

On June 25, 2016, WireCo entered into a Stock Subscription
Agreement with affiliates of Onex Corporation ("Onex") whereby Onex
will acquire a majority interest in WireCo. Onex will make an
equity cash investment of approximately $260 million. Paine &
Partners LLC will maintain a significant minority stake in WireCo.
The transaction is subject to obtaining various approvals from
governmental authorities, including antitrust approvals, to closing
of senior debt financing and to the repayment of existing
indebtedness.

Moody's Investors Service placed the current ratings of WireCo,
including the Caa1 Corporate Family Rating, on review for upgrade
on July 12, 2016. This followed WireCo's announcement on July 11,
2016 that the company will refinance its entire capital structure.

Moody's anticipates withdrawing the ratings on WireCo's existing
senior secured bank credit facility due 2017 and senior unsecured
notes due 2017 when these existing obligations have been repaid.

Downgraded:

Issuer: WireCo WorldGroup Inc. (New)

-- Senior Secured 1st Lien Term Loan, downgraded to B3, LGD3 from

    B2, LGD3

The following ratings are unchanged:

WireCo World Group Inc.

Corporate Family Rating at Caa1, Ratings Under Review for Upgrade;

Probability of Default Rating at Caa1-PD, Ratings Under Review for
Upgrade;

Senior Secured Bank Credit Facility due 2017 at B1, LGD2, Ratings
Under Review for Upgrade;

Senior Unsecured Notes due 2017 at Caa2, LGD5, Ratings Under Review
for Upgrade;

Issuer: WireCo WorldGroup Inc. (New)

-- Corporate Family Rating, at B3

-- Probability of Default Rating, at B3-PD

-- Senior Secured 2nd Lien Term Loan, at Caa2, LGD5

-- Outlook, at Stable

RATINGS RATIONALE

WireCo ratings benefit from its strong market share in providing
high-tension steel and synthetic ropes and wire. The company's
market position as well as its end market, geographical and
customer diversification are credit strengths. Moody's also
recognize WireCo's global footprint as a key credit strength.
WireCo derives over 65% of its revenue from outside of the U.S.,
providing geographic diversity and lessening reliance on any single
economy. The oil and gas end market represents approximately 23% of
total revenue and generally contributes a good source of recurring
revenue given the short replacement cycle for rig lines. However,
rig counts have declined sharply, and demand for the required
specialized steel and synthetic ropes has fallen as well. Moody's
also considers in the ratings on-going weakness in mining, and
relatively flat growth in industrial and infrastructure end
markets. Positively, the fishing end market is strong.

The stable outlook assumes WireCo (New) will be able to increase
EBITA margin and generate a modest level of free cash flow despite
challenging end market conditions.

Moody's indicated the ratings could be upgraded should WireCo's
(New) adjusted EBITA margin increase closer to 12%, adjusted
EBITA-to-interest expense increase to over 2.0x, and adjusted
debt-to-EBITDA decline to less than 5.0x.

The rating could be downgraded should WireCo's (New) adjusted EBITA
margin fall below 8%, adjusted EBITA-to-interest expense decline
below 1.0x or adjusted debt-to-EBITDA increase to over 6.5x.

WireCo WorldGroup, Inc. ("WireCo"), headquartered in Kansas City,
MO, is a leading global manufacturer and seller of wire ropes,
high-tech synthetic ropes, electromechanical cable, and other
related products. The company sells into diverse industries
including infrastructure, industrials, oil and gas, mining, and
marine and fishing. Paine and Partners, LLC, through its respective
affiliates, owns about 85% and management owns the remaining 15% of
WireCo. Revenue for the twelve months ending March 31, 2016,
totaled approximately $684 million.


WPCS INTERNATIONAL: Iroquois Master, et al., Hold 9.9% Stake
------------------------------------------------------------
In a Schedule 13D filed with the Securities and Exchange
Commission, Iroquois Master Fund Ltd., et al., disclosed that as of
July 19, 2016, they collectively beneficially owned an aggregate of
284,962 shares of WPCS International Incorporated constituting
approximately 9.99% of the Shares outstanding.  A full-text copy of
the regulatory filing is available at:

                        https://is.gd/ZaTW4l

                About WPCS International Incorporated

WPCS -- http://www.wpcs.com/-- operates in two business segments
including: (1) providing communications infrastructure contracting
services to the public services, healthcare, energy and corporate
enterprise markets worldwide; and (2) developing a Bitcoin trading
platform.

WPCS reported a net loss attributable to the Company's common
shareholders of $11.3 million on $24.4 million of revenue for the
year ended April 30, 2015, compared with a net loss attributable to
the Company's common shareholders of $11.2 million on $15.7 million
of revenue for the year ended April 30, 2014.

As of Jan. 31, 2016, WPCS had $6.94 million in total assets, $4.13
million in total liabilities and $2.81 million in total equity.


WTE-S&S AG: Exclusive Plan Filing Period Extended to Nov. 30
------------------------------------------------------------
The Hon. Donald R. Cassling of the U.S. Bankruptcy Court for the
Northern District of Illinois has extended, at the behest of WTE
S&S AG Enterprises LLC, the exclusive periods set forth in Sections
1121(b) and 1121(c) of the U.S. Bankruptcy Code to and including
Nov. 30, 2016, and Jan. 31, 2017, respectively.

The deadline for the filing of a Plan of Reorganization and
supporting Disclosure Statement as established by the court order
entered on March 23, 2016, is extended to and including Nov. 30,
2016.

As reported by the Troubled Company Reporter on July 12, 2016, the
Debtor asked the Court to extend the exclusive period for the
Debtor to file a plan of reorganization to and including Nov. 30,
2016, and the period for the Debtor to solicit acceptances of the
Plan to and including Jan. 31, 2017.  Extending the Exclusive
Periods and Plan Due Date will facilitate the Debtor's efforts in
completing its Chapter 11 case, formulating a Plan and preparing
for an effective mediation.  

                          About WTE-S&S AG

WTE-S&S AG Enterprises, LLC, is a limited liability company formed
for the purpose of constructing an anaerobic digester on the
largest dairy farm in Door County, Wisconsin so as to generate
electricity from harnessing methane extracted from animal waste.

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. N.D.
Ill. Case No. 16-09913) on March 23, 2016.  The petition was signed
by James G. Philip as manager and designated representative.

The Debtor is represented by David K. Welch, Esq., at Crane,
Heyrnan, Simon, Welch & Clar. The case is assigned to Judge Donald
R. Cassling.

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


[^] BOOK REVIEW: Competitive Strategy for Health Care Organizations
-------------------------------------------------------------------
Authors: Alan Sheldon and Susan Windham
Publisher: Beard Books
Softcover: 190 pages
List Price:  $34.95
Review by Francoise C. Arsenault

Order your personal copy today at http://bit.ly/1nqvQ7V

Competitive Strategy for Health Care Organizations: Techniques for
Strategic Action is an informative book that provides practical
guidance for senior health care managers and other health care
professionals on the organizational and competitive strategic
action needed to survive and to be successful in today's
increasingly competitive health care marketplace. An important
premise of the book is that the development and implementation of
good competitive strategy involves a profound understanding of
change. As the authors state at the outset: "What may need to be
done in today's environment may involve great departure from the
past, including major changes in the skills and attitudes of
staff, and great tact and patience in bringing about the necessary
strategic training."

Although understanding change is certainly important in most
fields, the authors demonstrate the particular importance of
change to the health care field in the first and second chapters.
In Chapter 1, the authors review the three eras of medical care
(individual medicine, organizational medicine, and network
medicine) and lay the groundwork for their model for competitive
strategy development. Chapter 2 describes the factors that must be
taken into account for successful strategic decision-making. These
factors include the analysis of the environmental trends and
competitive forces affecting the health care field, past, current,
and future; the analysis of the competitive position of the
organization; the setting of goals, objectives, and a strategy;
the analysis of competitive performance; and the readaptation of
the business, if necessary, through positioning activities,
redirection of strategy, and organizational change.

Chapters 3 through 7 discuss in detail the five positioning
activities that are part of the model and therefore critical to
the development and implementation of a successful strategy:
scanning; product market analysis; collaboration; restructuring;
and managing the physician. The chapter on managing the physician
(Chapter 7) is the only section in the book that appears dated
(the book was first published in 1984). In this day of physician-
owned hospitals and physician-backed joint ventures, it is
difficult to envision the physician in the passive role of "being
managed." However, even the changing role of physicians since the
book's first publication correlates with the authors' premise that
their model for competitive strategic planning is based exactly on
understanding and anticipating change, which is no better
illustrated than in health care where change is measured not in
years but in months. These middle chapters and the other chapters
use a mixture of didactic presentation, graphs and charts,
quotations from famous individuals, and anecdotes to render what
can frequently be dry information in an entertaining and readable
format.

The final chapter of the book presents a case example (using the
"South Clinic") as a summary of many of the issues and strategic
alternatives discussed in the previous chapters. The final chapter
also discusses the competitive issues specific to various types of
health care delivery organizations, including teaching hospitals,
community hospitals, group practices, independent practice
associations, hospital groups, super groups and alliances, nursing
homes, home health agencies, and for-profits. An interesting quote
on for-profits indicates how time and change are indeed important
factors in strategic planning in the health care field: "Behind
many of the competitive concerns.lies the specter of the for-
profits. Their competitive edge has lain until now in the
excellence of their management. But developments in the past half-
decade have shown that the voluntary sector can match the for-
profits in management excellence. Despite reservations that may
not always be untrue, the for-profit sector has demonstrated that
good management can pay off in health care. But will the voluntary
institutions end up making the same mistakes and having the same
accusations leveled at them as the for-profits have? It is
disturbing to talk to the head of a voluntary hospital group and
hear him describe physicians as his potential competitors."


                            *********

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 ***