TCR_Public/160725.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Monday, July 25, 2016, Vol. 20, No. 207

                            Headlines

21ST CENTURY: Scott Lawrence Quits as Director
9010 H DEVELOPMENT: Hires Vogel Bach as Counsel
AABS 1200: Involuntary Chapter 11 Case Summary
ACE'S INDOOR: Court Allows 30-Day Cash Collateral Use
ADAMIS PHARMACEUTICALS: Watsons Terminates License Agreement

ADVANCED MICRO: Reports 2016 Second Quarter Results
AEROGROW INTERNATIONAL: Signs $6 Million Loan Agreement with SMG
AEROPOSTALE INC: To Challenge Sycamore's Status as Creditor
AF LEWIS: Taps Anderson & Associates as Accountant
AL SILWADY: Wants to Use Guaranty Bank's Cash Collateral

AMERICAN AIRLINES: S&P Affirms 'BB-' CCR, Outlook Stable
AMPAL-AMERICAN: NY Court Denies Bid to Disqualify Ch. 7 Trustee
ANOTHER DOOR: Seeks to Hire Anthony D. Nini as Accountant
ARGITAKOS LLC: Taps Gazis & Associates as Accountant
ASTROTURF LLC: Committee Taps GlassRatner as Financial Advisor

BANK OF ANGUILLA: Taps Weinberg Zareh as Conflicts Counsel
BERNARD L. MADOFF: Judge Shrinks Trustee $905M Suit vs. Fla. Firm
BILL BARRETT: Provides Q2 2016 Commodity Price & Derivatives Update
BILLINGSLEY PRECISION: Wants Authorization to Use Cash Collateral
BILLYS ROADHOUSE: U.S. Trustee Unable to Appoint Committee

BING ENERGY: Case Summary & 14 Unsecured Creditors
BING ENERGY: Hires Berger Singerman as Counsel
BMR HOLDINGS: Plan Confirmation Hearing on Aug. 15
BRIGHTER CHOICE: Fitch Affirms 'B' Rating on $16.1MM Revenue Bonds
BRYAN FORESEE: Exit Plan to Pay $7,200 to Unsecured Creditors

BUDD COMPANY: Court Further Reduces UAW Counsel's Fee Application
BULOVA TECHNOLOGIES: Amends Second Quarter Form 10-Q
C&J ENERGY: Asks Court to Jointly Administer Cases
C&J ENERGY: Extension of Schedules Filing Deadline Sought
C&J ENERGY: Proposes C&J Canada as Foreign Representative

CAESARS ENTERTAINMENT: China's Giant Said to Lead Bidders for Unit
CANEJAS SE: Creditors to Get Full Payment Under Plan
CCH JOHN EAGAN: Court to Take Up Plan Outline on August 24
CERTIFIED ENERGY LABS: U.S. Trustee Unable to Appoint Committee
CHESTNUT STREET: Hires Berkshire Hathaway as Real Estate Broker

CHINA FISHERY: Seeks to Hire Meyer Suozzi as Legal Counsel
CHINA FISHERY: Taps Goldin Associates as Financial Advisor
CHINA FISHERY: Taps RSR Consulting as Restructuring Consultant
CHRISTINE GOOD: Exit Plan to Pay $10K to Unsecured Creditors
CINEVIA CORPORATION: Wants to Use $2,350 for Monthly Expenses

CITADEL WATFORD: Committee Taps Shaw Fishman as Legal Counsel
CJ HOLDING: Moody's Cuts PDR to D-PD on Chap. 11 Filing
CLEVELAND BIOLABS: Gets Non-Compliance Notice from NASDAQ
COMMUNITY VISION: Cash Collateral Use on Interim Basis OK
CONDO 64 LLC: Can Use Cash Collateral Through September 22

CONGREGATION OF UNITY: Can Use Cash Collateral Until Oct. 4
CONNTECH PRODUCTS: Can Use TD Bank Cash Collateral Until July 30
CORELOGIC INC: Moody's Cuts Senior Secured Ratings to Ba2
CREATIVE FOODS: Has Until Sept. 6 to Use Cash Collateral
CRYSTAL SPOON: Wants Plan Filing Deadline Moved to Dec. 21

CULTURE PROJECT: Wants to Use HSBC Cash Collateral
CUSTOM STONE: Taps Roussos Glanzer as Legal Counsel
D&H MACHINE SERVICE: Secured Credit from Brian Hillard Sought
DANIEL S. BEECROFT: Court to Take Up Plan on August 25
DAWN INC: Proposes Private Sale of Mamaroneck Property

DEFENSE HOLDINGS: CEO to Contribute $10K to Fund Bankruptcy Plan
DETROIT, MI: S&P Assigns 'B' Rating on Unlimited Tax GO Debt
DISH NETWORK: Moody's Says Subscriber Losses Cuts Fin'l Flexibility
DIVINE RIPE: Frescos' Objection to Disclosure Statement Sustained
DOLPHIN DIGITAL: To Hold "Say-on-Pay" Votes Triennially

DRAGONWAVE INC: Reports $4.04-Mil. Net Loss in Qtr. Ended May 31
ELITE PHARMACEUTICALS: Conference Call Held to Discuss FDA CRL
ELK CREEK: Can Use up to $10K in Cash for Daily Expenses
EMPIRE RESORTS: James Simon Resigns as Director
ENOR CORP: Committee Seeks to Hire Saul Ewing as Legal Counsel

ENTERPRISE CLOUDWORKS: Wants Immediate Use of Cash Collateral
ESML HOLDINGS: U.S. Trustee Forms 3-Member Committee
ESS AUTOMOTIVE: Wants Authorization to Use IRS Cash Collateral
ESSAR STEEL MINNESOTA: Hires Fox Rothschild as Co-counsel
EUROTECH CABINETS: Can Use IRS Cash Collateral Up To December 31

EUROTECH CABINETS: Can Use State Cash Collateral Through Dec. 31
FAIRFIELD SHOPPING: Court Narrows Claims in ASI Suit
FAR WESTERN GRAPHICS: Voluntary Chapter 11 Case Summary
FLORIDA MOVING: Seeks to Hire IZ Forensics as Accountant
FNB CORP: Moody's Continues to Review Ba2 Rating for Upgrade

FOODSERVICEWAREHOUSE.COM: Has Until Sept. 16 to Use Cash
FORBES ENERGY: Moody's Cuts CFR to Ca, Outlook Neg.
FRYMIRE SERVICES: Cash Collateral Use Up to August 11 OK
FRYMIRE SERVICES: Taps Curtis Castillo as Legal Counsel
GARY DEAN ROGERS: Bentwood Reserve Property Sale Approved

GCC-COURTYARD: Authorized to Use Cash Collateral Through August
GCC-LANDINGS: Authorized to Use Cash Collateral Through August
GCC-SHARON RIDGE: Court OKs Cash Collateral Use Through August
GINGER OIL: Court Approves DIP Financing on a Final Basis
GOODRICH PETROLEUM: Committee Taps Opportune as Financial Advisor

GROVE PLAZA PARTNERS: Wants to Use Cash to Pay for Leasing Fees
GRUDEN ACQUISITION: Moody's Cuts Corporate Family Rating to B3
HAJ INC: Wants to Use Bank of the West's Cash Collateral
HAPPYWORKS DAY CARE: Hires Nemeth & Associates as Counsel
HASTINGS ENTERTAINMENT: To Begin Liquidation of Stores

HECK ENTERPRISES: Can't Use British Petroleum Claim Proceeds
HEMISPHERE MEDIA: S&P Affirms 'B' CCR, Outlook Remains Stable
HEYL & PATTERSON: Committee Taps ACS as Financial Advisor
HILLWINDS FAMILY: Court Allows Continued Use of Cash Collateral
HIPCRICKET INC: Court Narrows Claims in Suit vs mGage, Stansbury

HUGHES SATELLITE: S&P Lowers Rating on Sr. Sec. Notes to 'BB+'
IMPLANT SCIENCES: Platinum Partners, et al., Hold 4.9% Stake
INFOGROUP INC: S&P Raises Rating on Sr. Sec. Debt to 'B'
INFOMOTION SPORTS: Cash Collateral Use Approved throgh Aug. 31
INMOBILIARIA BAFCO: Plan Proposes to Pay Creditors in Full

J & N ACQUISITIONS: Court Allows 60-Day Use of Cash Collateral
JOHN Q. HAMMONS: Court Allows Cash Collateral Use
LEAP FORWARD GAMING: Cash Collateral Use on Interim Basis OK
LEAP FORWARD: Selling Personal Property for $8.5M to IGT
LEHMAN BROTHERS: Syncora Guarantee Settles Proof of Claim

LENNAR CORP: Moody's Hikes Corporate Family Rating to Ba1
LEO MOTORS: Amends 42.5M Shares Resale Prospectus with SEC
LISA A. KERICH: Plan Confirmation Hearing on August 30
LUCAS ENERGY: GBH CPAs Raises Going Concern Doubt Due to Losses
MAGNESIUM CORP: Ch.7 Trustee to Auction Renco Interests on Aug. 11

MARK NELSON: Asks Court to Approve Outline of Chapter 11 Plan
MATT HORN: Pennsylvania Property Sale Approved
MAURO CEVENINI: Court to Take Up Plan Outline on Sept. 13
MCCLATCHY CO: Reports Second Quarter 2016 Results
MCELRATH LEGAL: Case Summary & 20 Largest Unsecured Creditors

MF GLOBAL: Corzine, Others Ink $132-Mil. Deal with Trustee
MILESTONE SCIENTIFIC: Hires Friedman LLP as New Accountants
MILLENIUM HEALTH: Court OKs Ameritox Bid for Prejudgment Interest
MOTORS LIQUIDATION: Files GUC Trust Report as of June 30
NEAL COY: Selling Two Properties to Quadrant Corp

NET ELEMENT: Has 4.9 Million Shares Resale Prospectus
NET ELEMENT: To Acquire PayStar and Nexcharge
NEW HORIZONS HEALTH: Owenton KY Property Sale Approved
NEW YORK CRANE: Taps LaMonica Herbst as Special Counsel
NOVATION COMPANIES: Hires Olshan Frome Wolosky as Co-Counsel

NOVATION COMPANIES: Taps Shapiro Sher as Co-Counsel
OAK RIVER ASSET: Seeks to Hire Levene Neale as Legal Counsel
OCEAN POWER: KPMG Raises Going Concern Doubt on Recurring Losses
ORGENESIS INC: Working Capital Deficit Raises Going Concern Doubt
OVERSEAS SHIPHOLDING: Moody's Affirms B2 Corporate Family Rating

PARK OVERLOOK: Asks Court to Approve $100,000 of DIP Financing
PELICAN REAL ESTATE: Seeks to Hire Hammer Herzog as Accountant
POMEROY PARTNERS: Allowed to Use Cash Collateral Up To Aug. 31
PRATT WELL: Servicing Equipment Auction on Aug. 25
PRIMELINE UTILITY: Acquisitions No Impact on Moody's B3 CFR

PRIMELINE UTILITY: S&P Lowers Rating on Credit Facility to 'B'
PRINTPACK HOLDINGS: S&P Cuts Rating on Proposed $275MM Loan to BB-
R DUKE ENTERPRISES: Taps Joyce W. Lindauer as Legal Counsel
RANCHO ARROYO: Cash Collateral Use Until October 19 OK
REALOGY HOLDINGS: Borrows $355M Under Term Loan Credit Facility

RED RIVER SOUTH: Voluntary Chapter 11 Case Summary
RELIABLE RACING: Can Use Cash Collateral Until Aug. 13
RIVER NORTH 414: Wants to Use Cash, Transfer Funds to DIP Account
RONALD BARTLETT: State of Georgia Wants Trustee or Dismissal
ROSLYN SEFARDIC: Exclusive Plan Filing Deadline Moved to Sept. 21

RUBLE HOLDINGS: Taps Earline Sawyer as Real Estate Broker
SAFWAY GROUP: Moody's Affirms B3 Corporate Family Rating
SBM DEEP: DBRS Lowers Senior Secured Notes Rating to BB(high)
SECURITY DEVICES: Incurs $472-K Net Loss in May 31 Quarter
SEMILEDS: Incurs $3.26-Mil. Net Loss in Q2 Ended May 31

SERVE & EDUCATE: U.S. Trustee Unable to Appoint Committee
SETAI 1908: Voluntary Chapter 11 Case Summary
SETAI 3509: Voluntary Chapter 11 Case Summary
SHEEHAN PIPE LINE: Wants to Use Zurich's Alleged Cash Collateral
SIDNEY TRANSPORTATION: Taps Diller and Rice as Legal Counsel

SINDESMOS HELLINIKES: Gilbane Offers $5.4M for Deerfield Property
SNYDER VIRGINIA: Case Summary & 12 Unsecured Creditors
SPECIAL EDUCATION: Proposes Chapter 11 Liquidating Plan
SPORTS AUTHORITY: Creditors Seek to Convert Case to Ch. 7
SSNN-5532-34: Antheus Buying Chicago Property for $1.35M

SSNN-BONNIE LANE: Confirmation, Disclosures Hearing on Sept. 7
STEINWAY MUSICAL: Moody's Revises Outlook to Neg & Affirms B2 CFR
STEPHCRIS OF MISSOURI: Taps Danna McKitrick as Legal Counsel
STERLING MIDCO: Moody's Maintains B2 Corporate Family Rating
STONE PANELS: Case Summary & 20 Largest Unsecured Creditors

STONEGATE MORTGAGE: S&P Affirms Then Withdraws 'B' ICR
STRONGHOLD ASSET: Taps Louis J. Esbin as Legal Counsel
SUTTON 58 OWNER: Hires CohnReznick as Accountants
TALL CITY WELL: Allowed to Use Cash Collateral Up to Sept. 14
TAR HEEL OIL: Cash Collateral Use Up to Sept. 8 Allowed

TERRAFORM PRIVATE: S&P Affirms 'B-' CCR, Off Watch Negative
THUNDERBOLT MANUFACTURING: Sedgwick Property to Be Sold for $2.5K
TRIDENT BRANDS: Has $648-K Net Loss in Qtr. Ended May 31
UNITED MOBILE: Wants Authorization to Use Cash Collateral
VANTAGE SPECIALTY: S&P Affirms 'B-' CCR, Outlook Remains Stable

VERSO PAPER: S&P Assigns 'B+' CCR & Rates $220MM Loan 'BB'
VIDEO DISPLAY: Incurs $.39-Mil. Net Loss in Qtr. Ended May 31
VILLAS DEL MAR: Banco Popular Wants to Prohibit Cash Use
WARNER MUSIC: Obtains Lender Consent to Amend Term Loan Agreement
WARNER MUSIC: To Launch Senior Secured Notes Offering

WELLS FARGO 2015-NXS2: DBRS Confirms B(sf) Rating on Class F Certs
WHITE STAR: Moody's Hikes Corporate Family Rating to Caa1
WHOLELIFE PROPERTIES: Advisor Quits; UST Seeks Dismissal or Ch. 7
WILSON'S OUTDOOR: U.S. Trustee Unable to Appoint Committee
WMG ACQUISITION: Moody's Rates New Senior Secured Notes Ba3

WMG ACQUISITION: S&P Assigns 'B' Rating on Proposed Sr. Sec. Notes
WWLINKS INC: Taps Rob Miller as Investment Banking Consultant
YEP LLC: Seeks to Hire Donald Singer as Special Counsel
ZERGA PHIN-KER: Hearing to Approve Liquidating Plan Set for Aug. 30
[*] Singapore Seeks U.S. Ch. 11 Prowess in Bankruptcy Reform

[^] BOND PRICING: For the Week from July 18 to 22, 2016

                            *********

21ST CENTURY: Scott Lawrence Quits as Director
----------------------------------------------
Scott Lawrence, a member of the Board of Directors of 21st Century
Oncology Holdings, Inc., notified the Board of his decision to
resign as a director of the Company, effective on July 14, 2016, as
disclosed in a Form 8-K report filed with the Securities and
Exchange Commission.  Mr. Lawrence had been a member of the Board
since September 2014 and was a member of the Compensation
Committee.  Mr. Lawrence's resignation was not due to any
disagreement with the Company.  The Company thanks him for his time
and dedicated service.

                     About 21st Century

21st Century Oncology, Inc., formerly known as Radiation Therapy
Services, Inc. ("RTS") owns and operates radiation treatment
facilities in the US and Latin America.

As of Sept. 30, 2015, the Company had $1.09 billion in total
assets, $1.33 billion in total liabilities, $370 million in
series A convertible redeemable preferred stock, $19.9 million in
noncontrolling interests and a total deficit of $623 million.

                            *     *     *

As reported by the TCR on Feb. 27, 2015, Moody's Investors Service
upgraded 21st Century Oncology, Inc.'s Corporate Family Rating and
Probability of Default Rating to B3 and B3-PD, respectively.
The upgrade of the Corporate Family Rating to B3 and SGL to SGL-2
reflects the receipt of a $325 million preferred equity investment
from the Canada Pension Plan Investment Board and subsequent debt
reduction.

As reported by the TCR on May 20, 2016, S&P Global Ratings lowered
its corporate credit rating on 21st Century to 'CCC' from 'B-' and
placed the rating on CreditWatch with negative implications.


9010 H DEVELOPMENT: Hires Vogel Bach as Counsel
-----------------------------------------------
9010 H Development Corp, seeks authority from the U.S. Bankruptcy
Court for the Eastern District of New York to employ Vogel Bach &
Horn, LLP as counsel to the Debtor, nunc pro tunc to June 22,
2016.

9010 H Development requires Vogel Bach to:

   (a) provide the Debtor with advice and preparing all necessary
       documents regarding debt restructuring, bankruptcy and
       asset dispositions;

   (b) take all necessary actions to protect and preserve the
       Debtor's estate during the pendency of the Chapter 11
       Case;

   (c) prepare on behalf of the Debtor, as debtor-in-possession,
       all necessary motions, applications, answers, orders,
       reports and papers in connection with the administration
       of this Chapter 11 Case;

   (d) counsel the Debtor with regard to its rights and
       obligations as debtor-in-possession;

   (e) appear in Court to protect the interests of the Debtor;
       and

   (f) perform all other legal services for the Debtor which may
       be necessary and proper in these proceedings and in
       furtherance of the Debtor's operations.

Vogel Bach will be paid at these hourly rates:

     Attorney         $225

Vogel Bach will be paid a retainer in the amount of $2,500.

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

Eric H. Horn, member of Vogel Bach & Horn, LLP, assured the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtors and their estates.

Vogel Bach can be reached at:

     Eric H. Horn, Esq.
     VOGEL BACH & HORN, LLP
     1441 Broadway, 5 th Floor
     New York, NY 10018
     Tel. (212) 242-8350
     Fax. (646) 607-2075
     E-mail: ehorn@vogelbachpc.com

                       About 9010 H Development

9010 H Development Corp., filed a Chapter 11 bankruptcy petition
(Bankr. E.D.N.Y. Case No. 16-42746) on June 22, 2016. The Debtor is
represented by Eric H Horn, Esq.


AABS 1200: Involuntary Chapter 11 Case Summary
----------------------------------------------
Alleged Debtor: AABS 1200 LLC
                4415-13th Avenue
                Brooklyn, NY 11219

Case Number: 16-43204

Involuntary Chapter 11 Petition Date: July 21, 2016

Court: United States Bankruptcy Court
       Eastern District of New York (Brooklyn)

Judge: Hon. Nancy Hershey Lord

Petitioners' Counsel: Joel M Shafferman, Esq.
                      SHAFFERMAN & FELDMAN LLP
                      137 Fifth Avenue, 9th Floor
                      New York, NY 10010
                      Tel: (212) 509-1802
                      Fax: (212) 509-1831
                      Email: joel@shafeldlaw.com

   Petitioners                  Nature of Claim  Claim Amount
   -----------                  ---------------  ------------
Ikon Innovation Inc.               Services          $45,000
5 Quickway Road                    Rendered
Monroe, NY 10950

Complete Condo Management, Inc.    Services          $35,000
1303-53rd Street                   Rendered
Ste #282
Brooklyn, NY 11219

Eretz Build Asst. NY Inc           Services         $350,000
1884-53 Street                     Rendered
Brooklyn, NY 11204


ACE'S INDOOR: Court Allows 30-Day Cash Collateral Use
-----------------------------------------------------
Judge Robert A. Mark of the U.S. Bankruptcy Court for the Southern
District of Florida authorized Ace's Indoor Shooting Range & Pro
Gun Shop, Inc. to use cash collateral for 30 days, or until August
20, 2016.

The Debtor was authorized to use cash collateral to continue its
business operations and to pay its regular operating expenses in
accordance with the approved Budget.  The approved monthly Budget
provides for total operating expenses in the amount of $68,689.
The operating expenses include, among others, bookkeeping, payroll,
rent and electricity.

Judge Mark authorized the Debtor to make interest-only payments of
$322.44 per month to National Funding, Inc. during the 30-day
period, as adequate protection.  Judge Mark granted National
Funding 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 that existed prior to the
Petition Date.

A full-text copy of the Order, dated July 21, 2016, is available at
https://is.gd/M67rRd

      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.  


ADAMIS PHARMACEUTICALS: Watsons Terminates License Agreement
------------------------------------------------------------
Adamis Pharmaceuticals Corporation has received notice from
Allergan plc's wholly owned subsidiary, Watson Laboratories, Inc.,
that Watson has decided to terminate the previously announced
license agreement to commercialize Adamis' Epinephrine Pre-filled
Syringe product candidate for the emergency treatment of
anaphylaxis in the United States.  This decision follows Adamis'
receipt from the FDA of a Complete Response Letter in June and
precedes the deadline for Watson to terminate in order to avoid a
significant nonrefundable upfront fee and milestone payment.

Dr. Dennis J. Carlo, president and CEO of Adamis, stated, "I
believe that today our PFS represents a greater opportunity for the
Company than it did when we entered into the agreement with Watson.
Although Watson has chosen to terminate the license agreement, I
view this as a good opportunity to further explore the wide range
of strategic options that we believe currently exist in this ever
improving market.  While one might initially consider this to be a
disappointment, it could very well end up being a positive
development for the Company.  Recent published articles strongly
suggest that there is a significant growing demand for an
alternative to the high cost EpiPen.  Based on where we are in the
regulatory process, we believe we could be the organization that
fulfills that demand.  Many prescribers of the EpiPen have
expressed the desire for a small, easy to use, intuitive, lower
cost alternative.  We believe that our PFS product candidate, if
ultimately approved, fulfills those needs and could help give a
broader range of patients access to their much needed medicine.
Our plan is to meet with the FDA this quarter and we are still
tracking to resubmit our updated NDA by the end of this year."

Adamis Pharmaceuticals had entered into the Development, License
and Commercialization Agreement with Watson on May 10, 2016.  The
Company had previously resubmitted its New Drug Application
pursuant to Section 505(b)(2) of the Food, Drug & Cosmetic Act, as
amended, to the U.S. Food & Drug Administration for marketing
approval of the PFS product.  The Agreement provided, among other
things, that if the FDA did not approve the NDA within the time
period specified in the Agreement, Licensee had the right to
terminate the Agreement, and if Licensee elected to terminate the
Agreement before the expiration of such time period, then certain
upfront payments would not be payable before the deadline for
termination.

                       About Adamis

San Diego, Calif.-based Adamis Pharmaceuticals Corporation (OTC
QB: ADMP) is a biopharmaceutical company engaged in the
development and commercialization of specialty pharmaceutical and
biotechnology products in the therapeutic areas of respiratory
disease, allergy, oncology and immunology.

Adamis reported a net loss of $13.6 million on $0 of revenue for
the year ended Dec. 31, 2015, compared to a net loss of $9.31
million on $0 of revenue for the year ended Dec. 31, 2014.

As of March 31, 2016, Adamis had $12.7 million in total assets,
$3.96 million in total liabilities and $8.69 million in total
stockholders' equity.

Mayer Hoffman McCann P.C., in San Diego, California, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2015, citing that the
Company has incurred recurring losses from operations, and is
dependent on additional financing to fund operations.  These
conditions raise substantial doubt about the Company's ability to
continue as a going concern, the auditors noted.


ADVANCED MICRO: Reports 2016 Second Quarter Results
---------------------------------------------------
Advanced Micro Devices, Inc., reported net income of $69 million on
$1.02 billion of net revenue for the three months ended June 25,
2016, compared to a net loss of $181 million on $942 million of net
revenue for the three months ended June 27, 2015.

For the six months ended June 25, 2016, the Company reported a net
loss of $40 million on $1.85 billion of net revenue compared to a
net loss of $361 million on $1.97 billion of net revenue for the
six months ended June 27, 2015.

As of June 25, 2016, Advanced Micro had $3.31 billion in total
assets, $3.72 billion in total liabilities and a $413 million total
stockholders' deficit.

"In the second quarter we accomplished a significant milestone as
we returned to non-GAAP operating profitability based on solid
execution and strong demand for our semi-custom and graphics
products," said Lisa Su, AMD president and CEO.  "Based on the
strength of our semi-custom products and demand for our latest
Radeon RX GPUs and 7th Generation A-Series APUs, we are well
positioned to drive growth and market share gains in the second
half of the year."

Cash and cash equivalents were $957 million at the end of the
quarter, up $241 million from the end of the prior quarter,
primarily due to net cash proceeds received from the ATMP JV
transaction with NFME which closed in Q2 2016.

A full-text copy of the press release is available at:

                   https://is.gd/49wDy4

               About Advanced Micro Devices

Sunnyvale, California-based Advanced Micro Devices, Inc., is a
global semiconductor company.  The Company's products include x86
microprocessors and graphics.

Advanced Micro incurred a net loss of $660 million on $3.99 billion
of net revenue for the year ended Dec. 26, 2015, compared to a net
loss of $403 million on $5.50 billion of net revenue for the year
ended Dec. 27, 2014.

                          *     *     *

As reported by the TCR on Oct. 22, 2015, Standard & Poor's Ratings
Services said it lowered its corporate credit rating on Sunnyvale,
Calif.-based Advanced Micro Devices Inc. to 'CCC+' from 'B-'.  
"The downgrade reflects our expectation that AMD will experience a
more gradual return to revenue growth, ongoing competitive
challenges to restore operating profitability, and more severe
operating losses and negative free cash flow through 2016 than we
had previously forecast, despite recent improvements to its
liquidity," said Standard & Poor's credit analyst John Moore.

As reported by the TCR on March 16, 2016, Fitch Ratings has
downgraded and withdrawn the ratings for Advanced Micro Devices,
Inc. (AMD) including the Long-term Issuer Default Rating (IDR) to
'CCC' from 'B-'.  The downgrade reflects prospects for negative
free cash flow (FCF) over the intermediate term and the consequent
liquidity issues and refinancing risk that could develop as the
2019 and 2020 debt maturities approach.

In July 2015, Moody's Investors Service lowered Advanced Micro
Devices, Inc's ("AMD") corporate family rating to Caa1 from B3, and
the ratings on the senior unsecured notes to Caa2 from Caa1.  The
downgrade of the corporate family rating to Caa1 reflects AMD's
prospects for ongoing operating losses over the next year and
negative free cash flow.


AEROGROW INTERNATIONAL: Signs $6 Million Loan Agreement with SMG
----------------------------------------------------------------
AeroGrow International, Inc., announced a series of operational
agreements as well as a term loan agreement with the Scotts
Miracle-Gro Company.

The operational agreements call for expansion of AeroGrow's
business scope in six areas:

   1. Expansion of the international territories in which AeroGrow

      can sell its products to include France and Germany through
      Amazon, web and television channels (this in addition to the

      company previously being granted the UK territory).

   2. AeroGrow has been given the rights to establish a
      distributor relationship to sell AeroGarden products in
      China.

   3. AeroGrow will assist the Scotts Miracle-Gro Company with its
      Direct-to-Consumer business, namely providing technical,
      fulfillment and operational support to Scotts and its
      affiliates.  AeroGrow will receive a retainer for these
      services plus a percentage of any net sales generated by
      SMG.

   4. AeroGrow will assist the Scotts Miracle-Gro Company with
      various product development initiatives, primarily related
      to large-scale gardens and various consumer lighting
      initiatives, and will be compensated for these efforts on a
      retainer basis.

   5. AeroGrow has been granted the right to distribute large
      scale growing products on Amazon and AeroGarden.com.

   6. AeroGrow has been granted the right to distribute a series
      of consumer-focused lighting products on Amazon and on
      AeroGarden.com.

In addition, AeroGrow has received a line of strategic financing in
the form of a short term loan from the Scotts Miracle-Gro Company.
The funding will provide general working capital to support
anticipated growth as the Company expands its retail and its
direct-to-consumer sales channels and launches new product
introductions.  The proceeds total up to $6.0 million with an
interest rate of 10%.  The interest will be paid quarterly in cash
and the due date is April 15, 2017.

Details of these agreements are available in the 8-K that was filed
with the Securities and Exchange Commission, a copy of which is
available for free at https://is.gd/usnbsG

"I am very pleased that our partners at the Scotts Miracle-Gro
Company have once again demonstrated their confidence in AeroGrow,
our line of products and our expanding business," said President
and Chief Executive Officer, J. Michael Wolfe.  This is evidenced
by not only providing us with the short-term working capital we
need to support our continued growth and new product introductions
in the coming year, but by also allowing us to continue our
international expansion efforts and entrusting us to provide
direct-to-consumer and product development services to Scotts
Miracle-Gro Company.  The working capital loan has a 10% stated
interest rate and will be paid in cash (rather than stock) and thus
will not be dilutive to our existing shareholders.  We believe
these agreements further set the stage for what we anticipate will
be an exciting fiscal 2017 and beyond at AeroGrow."

                      About AeroGrow
  
Boulder, Colo.-based AeroGrow International, Inc., is a developer,
marketer, direct-seller, and wholesaler of advanced indoor garden
systems designed for consumer use and priced to appeal to the
gardening, cooking, and healthy eating, and home and office decor
markets.

Aerogrow reported a net loss attributable to common shareholders of
$1.22 million on $19.61 million of net revenue for the year ended
March 31, 2016, compared to a net loss attributable to common
shareholders of $1.54 million on $17.9 million of net revenue for
the year ended March 31, 2015.  As of March 31, 2016, Aerogrow had
$7.34 million in total assets, $5.14 million in total liabilities,
all current, and $2.20 million in total stockholders' equity.


AEROPOSTALE INC: To Challenge Sycamore's Status as Creditor
-----------------------------------------------------------
Jessica Dinapoli, writing for Reuters, reported that U.S. teen
retailer Aeropostale Inc (AROPQ.PK) plans to challenge in court
private equity firm Sycamore Partners' claims as a creditor in its
bankruptcy, according to a transcript from a court hearing that was
seen by Reuters.

According to the report, the fight between Aeropostale and Sycamore
stands out from other bankruptcy cases of U.S. teen retailers,
because very few of them triggered litigation.  It could also
complicate any effort by Sycamore to take over the retailer, the
report noted.

The lawsuit would follow an investigation by Aeropostale over the
past several weeks into whether Sycamore drove the company into
bankruptcy, in part by making the terms of its debt investment in
the company in 2014 deliberately onerous, the report related.

Sycamore affiliates loaned Aeropostale $150 million in 2014, and,
as part of the deal, required that the chain make merchandise
purchases from one of Sycamore's companies, MGF Sourcing, the
report said.  Aeropostale has said that MGF imposed new, burdensome
terms on the retailer that precipitated its bankruptcy, the report
further related.

In bankruptcy court in New York, attorneys for Aeropostale said
that they would pursue claims that could dramatically reduce
Sycamore's recovery on its $150 million debt investment, the report
said.  It also intends to challenge Sycamore's ability to use the
money it is owed as credit in bidding for the company in a
bankruptcy auction scheduled for August, the report added.

                       About Aeropostale, Inc.

Aeropostale, Inc. (OTC Pink: AROPQ) is a specialty retailer of
casual apparel and accessories, principally serving young women
and men through its Aeropostale(R) and Aeropostale Factory(TM)
stores and website and 4 to 12 year-olds through its P.S. from
Aeropostale stores and website.  The Company provides customers
with a focused selection of high quality fashion and fashion basic
merchandise at compelling values in an exciting and customer
friendly store environment.  Aeropostale maintains control over
its proprietary brands by designing, sourcing, marketing and
selling all of its own merchandise.  As of May 1, 2016 the Company
operated 739 Aeropostale(R) stores in 50 states and Puerto Rico,
41 Aeropostale stores in Canada and 25 P.S. from Aeropostale(R)
stores in 12 states.  In addition, pursuant to various licensing
agreements, the Company's licensees currently operate 322
Aeropostale(R) and P.S. from Aeropostale(R) locations in the
Middle East, Asia, Europe, and Latin America.  Since November
2012, Aeropostale, Inc. has operated GoJane.com, an online women's
fashion footwear and apparel retailer.

Aeropostale, Inc. and 10 of its affiliates each filed a voluntary
petition under Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y.
Lead Case No. 16-11275) on May 4, 2016.  The petitions were signed
by Marc G. Schuback as senior vice president, general counsel and
secretary.

The Debtors listed total assets of $354.38 million and total debts
of $390.02 million as of Jan. 30, 2016.

The Debtors have hired Weil, Gotshal & Manges LLP as counsel; FTI
Consulting, Inc. as restructuring advisor; Stifel, Nicolaus &
Company, Inc. and Miller Buckfire & Company LLC as investment
bankers; RCS Real Estate Advisors as real estate advisors;  Prime
Clerk LLC as claims and noticing agent; Stikeman Elliot LLP as
Canadian counsel; and Togut, Segal & Segal LLP as conflicts
counsel.

Judge Sean H. Lane is assigned to the cases.

The U.S. trustee for Region 2 on May 11 appointed seven creditors
of Aeropostale Inc. to serve on the official committee of unsecured
creditors.  The Committee hired Pachulski Stang Ziehl &
Jones LLP as counsel.


AF LEWIS: Taps Anderson & Associates as Accountant
--------------------------------------------------
AF Lewis Enterprises, LLC seeks approval from the U.S. Bankruptcy
Court for the Southern District of Alabama to hire Anderson &
Associates.

Anderson & Associates will serve as the Debtor's accountant in
connection with its Chapter 11 case.  The firm will be paid $350
per month for its services, which include book keeping and filing
of tax returns.

Adele Anderson, owner of Anderson & Associates, disclosed in a
court filing that the firm does not have any interest in the Debtor
and has no connection with its creditors.

The firm can be reached through:

     Adele Anderson
     Anderson & Associates
     211 E. Coats Ave.
     Linden, AL 36748

AF Lewis Enterprises, LLC filed a petition under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Ala. Case No. 16-bk-02190) on July 1,
2016.  The Debtor is represented by Silver, Voit & Thompson,
Attorneys at Law, P.C.


AL SILWADY: Wants to Use Guaranty Bank's Cash Collateral
--------------------------------------------------------
Al Siwady, Inc. d/b/a Quebec Discount Liquors asks the U.S.
Bankruptcy Court for the District of Colorado for authorization to
use cash collateral.

The Debtor is indebted to Guaranty Bank and Trust in the amount of
$289,000, and P&M, Inc. in the amount of $43,000.

The Court had previously authorized the Debtor to use cash
collateral in its Second Interim Cash Collateral Order.  Pursuant
to the Second Interim Order, the Debtor and Guaranty Bank agreed
that the Colorado Department of Revenue has a statutory first
position lien on the Debtor's cash and account to the extent there
are any amounts unpaid for sales taxes.

Guaranty withdrew its consent to the Debtor's use of cash
collateral on July 12, 2016, alleging that the Debtor failed to
comply with the Second Interim Order, because of reporting errors
by the Debtor and an alleged deterioration of the value of the
Debtor's estate.

The Debtor relates that it has undertaken every effort to comply
with the terms of the Second Interim Order and to cure the defaults
alleged in Guaranty Bank's Notice of Default.  The Debtor further
relates that it has attempted in good faith to provide Guaranty
Bank with the requested information and to negotiate with Guaranty
Bank regarding the continued use of cash collateral.

The Debtor tells the Court that it has, among other things, made
all adequate protection payments required to the Colorado
Department of Revenue and Guaranty Bank, and provided Guaranty Bank
with access to its store on two occasions, following requests by
Guaranty Bank.  The Debtor further tells the Court that despite its
efforts to cure the alleged defaults identified in the Guaranty
Bank's Notice of Default, Guaranty Bank has refused to withdraw the
Notice of Default, preventing the Debtor from replenishing its
inventory and causing immediate harm to the Debtor's operations.

The Debtor relates that it in order to pay necessary operating
expenses, it must immediately use cash collateral in which Guaranty
Bank and the Colorado Department of Revenue may have an interest.

The Debtor proposes to provide its secured creditors with
post-petition liens on all post-petition inventory and income
derived from the operation of the business and assets, to the
extent that the use of the cash results in a decrease in the value
of secured creditor's interest in the collateral.

The Debtor's proposed Budget covers the period beginning on July
12, 2016 and ending on August 2, 2016.  The Budget provides for
total cost of goods sold in the amount of $52,344 and total
expenses in the amount of $21,060.

A full-text copy of the Debtor's Motion, dated July 22, 2016, is
available at https://is.gd/b1kW9u

      About Al Silwady, Inc., d/b/a Quebec Discount Liquors

Al Silwady, Inc., dba Quebec Discount Liquors is a Denver,
Colorado-based company that operates a retail liquor store.  It
filed for Chapter 11 bankruptcy protection (Bankr. D. Colo. Case
No. 16-15100) on May 20, 2016.  The bankruptcy petition was signed
by Mohammad Ahmad, owner.  The Debtor is represented by Lee M.
Kutner, Esq., at Kutner Brinen Garber, PC.  The Debtor estimated
total assets and liabilities at $100,001 to $500,000.


AMERICAN AIRLINES: S&P Affirms 'BB-' CCR, Outlook Stable
--------------------------------------------------------
S&P Global Ratings said that it has affirmed its 'BB-' corporate
credit rating on Fort Worth, Texas-based American Airlines Group
Inc. and its subsidiaries American Airlines Inc. and US Airways
Inc.  The outlook is stable.

At the same time, S&P raised its ratings on the companies'
unsecured debt to 'BB-' from 'B+' and revised S&P's recovery
ratings on the debt to '4' from '5' based on its expectation that
the unsecured creditors would receive greater recovery in a default
scenario because of American Airlines Inc.'s improving aircraft
fleet.  The '4' recovery rating indicates S&P's expectation for
average (30%-50%; lower end of the range) recovery in a default
scenario.

Additionally, S&P affirmed its issue-level ratings on most of the
companies' EETCs, though S&P also raised and lowered its ratings on
select certificates.  Specifically, S&P raised its issue-level
ratings on America West Airlines' (now part of US Airways Inc.)
1998-1 class B pass-through certificates to 'A- (sf)' from 'BBB+
(sf)', US Airways Inc.'s 1998-1 class B certificates to 'A- (sf)'
from 'BBB+ (sf)', US Airways Inc.'s 1999-1 class B certificates to
'A- (sf)' from 'BBB+ (sf)', and US Airways Inc.'s 1999-1 class C
certificates to 'BBB- (sf)' from 'BB+ (sf)'.  S&P lowered its
issue-level ratings on American Airlines Inc.'s 2014-1 class B
certificates to 'BBB (sf)' from 'BBB+ (sf)'.  These rating actions
are based on changes in collateral coverage as aircraft values have
changed and the certificates have amortized.

"We expect AAG to report solid earnings and cash flow in 2016 and
2017, though at levels that are somewhat below the very strong
results the company posted in 2015 (when it generated record pretax
income of $4.6 billion)," said S&P Global credit analyst Philip
Baggaley. Heightened competition in certain markets, which has
forced the company to lower its pricing, and the negative effects
of foreign currency translation are pressuring American's revenue.
This is similar to the near-term challenges that are facing other
U.S. airlines.  However, measures of industry revenue, such as
passenger revenue per available seat mile (PRASM), remain healthy
in absolute terms.  This pressure should be partly offset by lower
average fuel prices (AAG does not hedge its fuel purchases, so all
of the benefits flow through to their income statement).  In the
first quarter of 2016, AAG's pretax earnings were $1.1 billion,
outpacing the $932 million the company reported in first-quarter
2015, though S&P expects that year-over-year comparisons of fuel
prices and costs will become less favorable as the year progresses.
AAG has heavy capital spending commitments (more than $5 billion
expected this year) as it continues to modernize its fleet.  In
addition, management has elected to continue undertaking
substantial share repurchases even though this will likely raise
the company's leverage somewhat.  In 2015, AAG's fully adjusted
funds from operations (FFO)-to-debt ratio was 24.6% and its
debt-to-EBITDA metric was 3.3x, both of which are strong for the
current rating.  S&P believes that these ratios will likely weaken
to around 20% and 3.8x, respectively, this year, which should still
be enough to support S&P's corporate credit rating on the company.

S&P expects American Airlines Group's 2016 earnings and cash flow
to be weaker than the very strong levels the company posted in
2015.  Nonetheless, S&P anticipates that they will still be good in
absolute terms and by historical standards.  The company's credit
ratios will likely deteriorate somewhat as management continues to
spend heavily on new aircraft and share repurchases, pushing AAG's
funds flow-to-debt ratio to around 20%.

S&P could lower its ratings on AAG if the company's revenue and
earnings deteriorate and the decline is not offset by reductions in
its share repurchases or capital spending, leading AAG's
FFO-to-debt ratio to fall below 15% for a sustained period and
causing S&P to revise its assessment of the company's liquidity to
adequate.

Although unlikely, S&P could raise its ratings on AAG if
stronger-than-expected earnings and cash flow or reduced levels of
capital spending and share repurchases cause its funds flow-to-debt
ratio to rise to more than 30% on a sustained basis.


AMPAL-AMERICAN: NY Court Denies Bid to Disqualify Ch. 7 Trustee
---------------------------------------------------------------
Judge Katherine Polk Failla of the United States District Court for
the Southern District of New York affirmed the order issued by the
United States Bankruptcy Court for the Southern District of New
York, which authorized the appellee, Alex Spizz, the Chapter 7
Trustee of Ampal-American Israel Corporation, to retain the law
firm of Tarter Krinsky & Drogin LLP as his general counsel, and
denied the appellants' cross-motion to disqualify the Trustee.

The appeal was filed by Yosef A. Maiman and Merhav (M.N.F.)
Limited, who argued that the law firm is conflicted from
representing the Trustee under 11 U.S.C. section 327, and that the
Trustee should have been removed for cause for various reasons.

The bankruptcy court saw no reason to remove the Trustee, or to
deny him the professional assistance that he sought, and saw many
reasons to keep him.

The bankruptcy case is In re: AMPAL-AMERICAN ISRAEL CORP., Debtor,
Bankr. No. 12-13689 (SMB) (S.D.N.Y.).

The appealed case is YOSEF A. MAIMAN and MERHAV (M.N.F.) LIMITED,
Appellants, v. ALEX SPIZZ, Appellee, No. 15 Civ. 6569 (KPF)
(S.D.N.Y.).

A full-text copy of Judge Failla's July 18, 2016 opinion and order
is available at https://is.gd/MA4k2A from Leagle.com.

Yosef A. Maiman, Merhav (M.N.F.) Limited are represented by:

          David M. Friedman, Esq.
          Daniel Alexander Fliman, Esq.
          KASOWITZ, BENSON, TORRES & FRIEDMAN L.L.P.
          1633 Broadway
          New York, NY 10019
          Tel: (212)506-1700
          Fax: (212)506-1800
          Email: dfriedman@kasowitz.com
                 dfliman@kasowitz.com

Alex Spizz is represented by:

          Arthur Goldstein, Esq.
          NACHAMIE, SPIZZ COHEN & SERCHUK, P.C.
          1350 Broadway
          New York, NY 10018
          Tel: (212)216-1119
          Email: agoldstein@tarterkrinsky.com

                    About Ampal-American Israel Corp.

Ampal-American Israel Corporation -- http://www.ampal.com/--      
acquired interests primarily in businesses located in Israel or
that are Israel-related.  Ampal-American filed a Chapter 11
petition (Bankr. S.D.N.Y. Case No. 12-13689) on Aug. 29, 2012, to
restructure the Company's Series A, Series B and Series C
debentures.  Bankruptcy Judge Stuart M. Bernstein presides over
the case.  Ampal-American sought bankruptcy protection in the U.S.
because bankruptcy laws in Israel would lead to the Company's
liquidation.

Michelle McMahon, Esq., at Bryan Cave LLP, serves as the Debtor's
counsel.  Houlihan Lokey serves as investment banker.

The petition was signed by Irit Eluz, chief financial officer,
senior vice president.  The Company scheduled $290,664,095 in
total assets and $349,413,858 in total liabilities.

A three-member official committee of unsecured creditors is
represented by Brown Rudnick as counsel.

In May 2013, the Bankruptcy Court converted Ampal's Chapter 11
bankruptcy to a Chapter 7 liquidation after determining that the
energy investment holding company does not have sufficient cash to
execute a reorganization plan.


ANOTHER DOOR: Seeks to Hire Anthony D. Nini as Accountant
---------------------------------------------------------
Another Door Opens Recovery Center, LLC seeks approval from the
U.S. Bankruptcy Court for the District of New Jersey to hire an
accountant.

The Debtor proposes to hire the accounting firm of Anthony D. Nini,
CPA to provide services in connection with its Chapter 11 case.
The firm's professionals and their hourly rates are:

     Certified Public Accountants     $210 - $260
     Manager Level                    $180 - $200
     Senior Associate Level           $100 - $150
     Associates Level                   $80 - $95
     Paraprofessionals                  $60 - $75

Anthony Nini, owner of the firm, disclosed in a court filing that
his firm is "disinterested" as defined in section 101(14) of the
Bankruptcy Code.

The Debtor can be reached through its counsel:

     Scott Eric Kaplan, Esq.
     Law Offices of Scott E. Kaplan, LLC
     12 N. Main St., PO Box 157
     Allentown, NJ 08501
     Phone: 609-259-1112

                    About Another Door Opens

Another Door Opens Recovery Center, LLC, filed for Chapter 11
bankruptcy protection (Bankr. D.N.J. Case No. 16-17201) on April
14, 2016.  Scott Eric Kaplan, Esq., at Scott E. Kaplan, LLC, serves
as the Debtor's bankruptcy counsel.


ARGITAKOS LLC: Taps Gazis & Associates as Accountant
----------------------------------------------------
Argitakos, LLC seeks approval from the U.S. Bankruptcy Court for
the District of Connecticut to hire an accountant.

The Debtor proposes to hire Gazis & Associates Inc. to prepare its
tax returns and provide other accounting services in connection
with its Chapter 11 case.

The firm's professionals and their hourly rates are:

     Zannis Gazis          $300
     Lizanne Campanini     $200
     Greg D'aleo           $300

Ms. Campanini disclosed in a court filing that the firm does not
hold any interest adverse to the Debtor's estate.

The firm can be reached through:

     Lizanne Campanini
     Gazis & Associates Inc.
     619 Hazard Avenue
     Enfield, CT 06082
     Phone: (860) 763-3478
     Fax: (860) 763-5978

The Debtor can be reached through its counsel:

     Matthew K. Beatman, Esq.
     Zeisler & Zeisler, P.C.
     10 Middle Street, 15th Floor
     Bridgeport, CT 06604
     Telephone: 203-368-4234
     Facsimile: 203-548-0889

                       About Argitakos LLC

Argitakos, LLC filed a Chapter 11 bankruptcy petition (Bankr. D.
Conn. Case No. 2:16-bk-20851) on May 27, 2016.


ASTROTURF LLC: Committee Taps GlassRatner as Financial Advisor
--------------------------------------------------------------
The official committee of unsecured creditors of AstroTurf, LLC
seeks approval from the U.S. Bankruptcy Court for the Northern
District of Georgia to hire GlassRatner Advisory & Capital Group,
LLC as its financial advisor.

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

     (a) analyze the financial operations of the Debtor;

     (b) analyze the financial ramifications of any proposed
         transactions for which the Debtor seeks court approval;

     (c) conduct any requested financial analysis;

     (d) assist the committee in reviewing the monthly statements  
       
         of operations submitted by the Debtor;

     (e) assist the committee in evaluating cash flow or other
         projections prepared by the Debtor;

     (f) perform forensic investigating services regarding pre-
         bankruptcy activities of the Debtor in order to identify
         potential causes of action;

     (g) analyze transactions with insiders, affiliated or related
        
         companies;

     (h) prepare certain valuation analyses of the Debtor’s
         business and assets and those of its affiliates; and

     (i) testify at court hearings.

The firm's professionals and their hourly rates are:

     Ian Ratner        Principal                $484
     Dan Korczyk       Sr. Managing Director    $396
     Jason Cristal     Managing Director        $330
     Steven Prager     Associate                $172

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

The firm can be reached through:

     Ian Ratner
     GlassRatner Advisory &
     Capital Group, LLC
     3445 Peachtree Rd., Suite 1225
     Atlanta, GA 30326
     Phone: 404-835-8840
     Email: iratner@glassratner.com

                    About AstroTurf LLC

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

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

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


BANK OF ANGUILLA: Taps Weinberg Zareh as Conflicts Counsel
----------------------------------------------------------
The National Bank of Anguilla (Private Banking & Trust) Ltd. seeks
approval from the U.S. Bankruptcy Court for the Southern District
of New York to hire Weinberg Zareh & Geyerhahn, LLP.

Weinberg will provide legal assistance in matters where Reed Smith
LLP, the lead counsel, cannot represent the Debtor due to a
conflict of interest.   

The firm's professionals and their hourly rates are:

     Partners       $400 - $700
     Counsel        $300 - $500
     Associates     $150 - $400
     Paralegals     $125 - $250

Seth Weinberg and Omid Zareh, the attorneys designated to represent
the Debtor, will each receive $550 per hour.

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

The firm can be reached through:

     Omid Zareh, Esq.
     Seth B. Weinberg, Esq.
     Weinberg Zareh & Geyerhahn, LLP
     45 Rockefeller Plaza, 20th Floor
     New York, New York 10111
     Phone: (212) 899-5470
     Email: Omid@WZGLLP.com
     Email: Seth@WZGLLP.com

                 About National Bank of Anguilla

The National Bank of Anguilla was formed in 1984 and began
operating in 1985, when it acquired the Anguilla branch of the Bank
of America National Trust & Savings Association, according to its
website.  The private-banking unit provides financial services to
offshore clients around the world and is wholly owned by its
parent, Bloomberg News notes.

The parent ceased banking operations on April 22, 2016.  It began
liquidating in an Anguillan court the following month.  On May 26,
it petitioned for bankruptcy court protection from U.S. creditors.
Banking operations were transferred to the National Commercial Bank
of Anguilla, which is wholly owned by the government.

The private bank's case is In re National Bank of Anguilla (Private
Banking & Trust Ltd.), 16-11806, U.S. Bankruptcy Court, Southern
District of New York in Manhattan. The parent's case is 16-11529.


BERNARD L. MADOFF: Judge Shrinks Trustee $905M Suit vs. Fla. Firm
-----------------------------------------------------------------
The American Bankruptcy Institute, citing Jonathan Stempel of
Reuters, reported that a federal bankruptcy judge narrowed a $905
million lawsuit filed by the trustee seeking money for Bernard
Madoff's victims against executives who ran a now-defunct Florida
accounting firm that had close ties to the swindler.

According to the report, U.S. Bankruptcy Judge Stuart Bernstein in
Manhattan said Irving Picard cannot recover alleged improper
transfers made before 2001 to Palm Beach-based Avellino & Bienes,
which ran the earliest "feeder funds" that sent client money to
Madoff.

The decision is a setback for Picard, in one of the larger of his
more than 1,000 lawsuits seeking to recoup money from people he
believes benefited improperly from Madoff's fraud, the report
noted.

Picard accused principals Frank Avellino and Michael Bienes of
helping conceal Madoff's Ponzi scheme, including in 1992 when
Madoff created fake account statements to help their firm defend
itself in a U.S. Securities and Exchange Commission probe, the
report related.

The trustee said the duplicity enabled Avellino, Bienes and their
wives to reap millions of dollars to buy multiple luxury homes, art
by Pablo Picasso and Edgar Degas for the Avellinos, and a cold
storage compartment to store Dianne Bienes' furs, the report
further related.  But in a 62-page decision, Bernstein agreed with
the defendants that Picard lacked power to recover transfers made
before Jan. 1, 2001, the report said.

While Picard can recover actual transfers by the sole
proprietorship, "it does not follow that the trustee can recover
the actual withdrawals of cash by customers of the sole
proprietorship," Judge Bernstein wrote, the report added.

The case is Picard v. Avellino et al, U.S. Bankruptcy Court,
Southern District of New York, No. 10-05421.

                     About Bernard L. Madoff

Bernard L. Madoff Investment Securities LLC and Bernard L. Madoff
orchestrated the largest Ponzi scheme in history, with losses
topping US$50 billion.  On Dec. 15, 2008, the Honorable Louis A.
Stanton of the U.S. District Court for the Southern District of
New
York granted the application of the Securities Investor Protection
Corporation for a decree adjudicating that the customers of BLMIS
are in need of the protection afforded by the Securities Investor
Protection Act of 1970.  The District Court's Protective Order (i)
appointed Irving H. Picard, Esq., as trustee for the liquidation
of
BLMIS, (ii) appointed Baker & Hostetler LLP as his counsel, and
(iii) removed the SIPA Liquidation proceeding to the Bankruptcy
Court (Bankr. S.D.N.Y. Adv. Pro. No. 08-01789) (Lifland, J.).  Mr.
Picard has retained AlixPartners LLP as claims agent.

On April 13, 2009, former BLMIS clients filed an involuntary
Chapter 7 bankruptcy petition against Bernard Madoff (Bankr.
S.D.N.Y. 09-11893).  The petitioning creditors -- Blumenthal &
Associates Florida General Partnership, Martin Rappaport
Charitable
Remainder Unitrust, Martin Rappaport, Marc Cherno, and Steven
Morganstern -- assert US$64 million in claims against  Mr. Madoff
based on the balances contained in the last statements they got
from BLMIS.

On April 14, 2009, Grant Thornton UK LLP as receiver placed Madoff
Securities International Limited in London under bankruptcy
protection pursuant to Chapter 15 of the U.S. Bankruptcy Code
(Bankr. S.D. Fla. 09-16751).  The Chapter 15 case was later
transferred to Manhattan.  In June 2009, Judge Lifland approved
the
consolidation of the Madoff SIPA proceedings and the bankruptcy
case.

Judge Denny Chin of the U.S. District Court for the Southern
District of New York on June 29, 2009, sentenced Mr. Madoff to 150
years of life imprisonment for defrauding investors in United
States v. Madoff, No. 09-CR-213 (S.D.N.Y.).

From recoveries in lawsuits coupled with money advanced by SIPC,
Mr. Picard has commenced distributions to victims.  As of December
2015, the SIPA Trustee has recovered more than $10.91 billion and
has distributed approximately $9.16 billion, including $833
million
in committed advances from the Securities Investor Protection
Corporation (SIPC).


BILL BARRETT: Provides Q2 2016 Commodity Price & Derivatives Update
-------------------------------------------------------------------
Bill Barrett Corporation provided an update on certain second
quarter of 2016 items, including commodity price and derivatives
data and the weighted average basic and diluted shares outstanding
for the second quarter of 2016 and common shares outstanding at
June 30, 2016.

For the second quarter of 2016, West Texas Intermediate oil prices
averaged $45.59 per barrel, Northwest Pipeline natural gas prices
averaged $1.66 per MMBtu and NYMEX natural gas prices averaged
$1.95 per MMBtu.  The Company had derivative commodity swaps in
place for the second quarter of 2016 for 7,300 barrels of oil per
day tied to WTI pricing at $81.65 per barrel, 5,000 MMBtu of
natural gas per day tied to NWPL regional pricing at $4.10 per
MMBtu and no hedges in place for NGLs.

Based on preliminary unaudited results, the Company expects to
realize a cash commodity derivative gain of $25.0 million in the
second quarter due to positive derivative positions.  The Company
expects its second quarter commodity price differentials to
benchmark pricing before commodity derivative gains, related to
delivery location and quality adjustments, to approximate: oil less
$5.66 price per barrel versus WTI; and natural gas less $0.16 per
thousand cubic feet compared to NWPL.  The DJ Basin oil price
differential averaged $4.82 per barrel.  The Company continues to
realize lower oil price differentials as Denver-Julesburg and Uinta
Basin infrastructure expands and local pricing improves.  NGL
prices averaged 28% of WTI price per barrel.

For the remainder of 2016, approximately 7,750 barrels per day of
oil is hedged at an average WTI price of $72.57 per barrel.

Realized sales prices will reflect basis differentials from the
index prices to the sales location.

Following the completion of the debt exchange announced on June 2,
2016, the Company expects to report that the weighted average
common basic and diluted shares for the second quarter will be
approximately 51.8 million and that as of June 30, 2016, the number
of common shares outstanding was approximately 60.2 million.

A full-text copy of the press release is available at:

                    https://is.gd/aMFSKt

                      About Bill Barrett

Bill Barrett Corporation is an independent energy company that
develops, acquires and explores for oil and natural gas resources.
All of the Company's assets and operations are located in the Rocky
Mountain region of the United States.

Bill Barrett reported a net loss of $488 million in 2015 following
net income of $15.08 million in 2014.

As of March 31, 2016, Bill Barrett had $1.44 billion in total
assets, $938.23 million in total liabilities and $506 million in
total stockholders' equity.

                         *   *    *

As reported by the TCR on June 10, 2016, Moody's Investors Service
affirmed Bill Barrett Corporation's (Bill Barrett) Caa2 Corporate
Family Rating (CFR) and revised the Probability of Default Rating
(PDR) to Caa2-PD/LD from Caa2-PD.

"Bill Barrett's debt for equity exchange achieved some reduction in
its overall debt burden, but the company's cash flow and leverage
metrics continue to remain challenged as its hedges roll off in
2017," commented Amol Joshi, Moody's Vice President.


BILLINGSLEY PRECISION: Wants Authorization to Use Cash Collateral
-----------------------------------------------------------------
Billingsley Precision Machining dba West Precision Machine asks the
U.S. Bankruptcy Court for the Northern District of Texas, for
authorization to use cash collateral.

Southwest Bank and CDC Capital assert liens on the Debtor's
inventory and accounts receivable.

The Debtor relates that it needs cash to make payroll and to pay
other immediate expenses to maintain its business operations.

The Debtor's proposed budget provides for total expenses in the
amount of $27,372.  The expenses listed in the Debtor's Budget
include utilities, telephone, insurance, payroll and cost of goods,
among others.

A full-text copy of the Debtor's Motion, dated July 22, 2016, is
available at https://is.gd/K7SFRP

A full-text copy of the Debtor's proposed Budget, dated July 22,
2016, is available at https://is.gd/yyyyUG

Billingsley Precision Machining dba West Precision Machine is
represented by:

          Eric A. Liepins, Esq.
          ERIC A. LIEPINS, P.C.
          12770 Coit Road, Suite 1100
          Dallas, TX 75251
          Telephone: (972) 991-5591
          
             About Billingsley Precision Machining
                   dba West Precision Machine           

Billingsley Precision Machining dba West Preciscion Machine filed a
chapter 11 petition (Bankr. N.D. Tex. Case No. 16-42788) on July
22, 2016.  The Debtor is represented by Eric A. Liepins, Esq., at
Eric A. Liepins, P.C.


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

Billys Roadhouse, Inc., filed a Chapter 11 petition (Bankr. W.D.
Pa. Case No. 16-21969) on May 25, 2016.  The Debtor is represented
by Robert O. Lampl, Esq.


BING ENERGY: Case Summary & 14 Unsecured Creditors
--------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

        Debtor                                   Case No.
        ------                                   --------
        Bing Energy International, Inc.          16-40322
        2051 E. Paul Dirac Drive
        Tallahassee, FL 32310

        Bing Energy International, LLC           16-40323
        2051 E. Paul Dirac Drive
        Tallahassee, FL 32310

Chapter 11 Petition Date: July 7, 2016

Court: United States Bankruptcy Court
       Northern District of Florida (Tallahassee)

Judge: Hon. Karen K. Specie

Debtors' Counsel: Brian G. Rich, Esq.
                  BERGER SINGERMAN LLP
                  313 N. Monoe Street, 2nd Floor
                  Tallahassee, FL 32301
                  Tel: (850) 561-3010
                  Fax: (850) 561-3013
                  E-mail: brich@bergersingerman.com

                                        Estimated   Estimated
                                         Assets     Liabilities
                                        ---------   -----------
Bing Energy International, Inc.         $1M-$10M    $100K-$500K
Bing Energy International, LLC          $1M-$10M    $500K-$1M

The petition was signed by Dean R. Minardi, chief executive
officer.

A copy of Bing Energy International, Inc.'s list of 14 unsecured
creditors is available for free at:

          http://bankrupt.com/misc/flnb16-40322.pdf

A copy of Bing Energy International, LLC's list of 20 largest
unsecured creditors is available for free at:

          http://bankrupt.com/misc/flnb16-40323.pdf


BING ENERGY: Hires Berger Singerman as Counsel
----------------------------------------------
Bing Energy International, Inc., and Bing Energy International, LLC
seek permission from the U.S. Bankruptcy Court for the Northern
District of Florida to employ Berger Singerman LLP as counsel for
the Debtors , nunc pro tunc to July 7, 2016.

The Debtors require Berger Singerman to:

     a. advise the Debtors with respect to their responsibilities
on complying with the United States Trustee's Guidelines and
reporting Requirements and with the rules of the Court;

     b. prepare motions, pleadings, orders, applications, adversary
proceedings, and other legal documents necessary in the
administration of there cases;

     c. protect the interest of the Debtors on all matters pending
before the Court; and

     d. represent the Debtors in negotiation with their creditors
and in the preparation of a plan

Berger Singerman will be paid at these hourly rates:

       Brian G. Rich                      $465
       Associates/of-counsel              $310-$500
       Legal Assistants/Paralegal         $85-$235

On April 12, 2016, Berger Singerman received a retainer in the
amount of 15,000 from Bing Energy International, Inc., which was
deposited into the trust account of Berger Singerman. On May 10,
2016, Berger Singerman applied the sum of $1,770.25 from the
retainer, toward payment of pre-petition expenses incurred by
Berger Singerman with respect to its representation of Bing Energy
International, LLC and Bing Energy International, Inc. in the State
Court Action. On June 7, 2016, Berger Singerman applied the sum of
$5,735.45 from the retainer toward payment of pre-petition fees and
expenses, leaving a balance of $7,494.30.

On June 23, 2016, Berger Singerman received a second retainer in
the amount of 75,000 from Bing Energy International, Inc., which
was deposited into the trust account of Berger Singerman. On July
7, 2016, prior to the commencement of these chapter 11 cases,
Berger Singerman applied the sum of $29,351.53 from the initial
retainer and second retainer, toward payment in full of all
pre-petition fees and expense. Accordingly, Berger Singerman is
holding the sum of $553,142.77 in its trust account.

Lewis M. Killian, Jr., attorney and of-counsel to the law firm of
Berger Singerman LLP, assured the Court that the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code and does not represent any interest adverse to
the Debtors and their estates.

Berger Singerman may be reached at:

        Lewis M. Killian, Jr.
        Brian G. Rich
        Berger Singerman LLP
        125 South Gadsden Street, Suite 300
        Tallahassee, FL 32301
        Tel: (850)561-3010
        Fax: (850)561-3013
        E-mail: lkillian@BergerSingerman.com
                brich@BergerSingerman.com



BMR HOLDINGS: Plan Confirmation Hearing on Aug. 15
--------------------------------------------------
BMR Holdings, LLC, is now a step closer to emerging from Chapter 11
protection after a bankruptcy court approved the outline of its
plan of reorganization.

The U.S. Bankruptcy Court for the Middle District of Florida on
July 19 conditionally approved BMR Holdings' disclosure statement,
allowing the company to begin soliciting votes from creditors for
its plan.

The court required the company to file a ballot report no later
than three days before the hearing on confirmation of the plan.
Meanwhile, ballots accepting or rejecting the plan must be filed no
later than August 8.

The bankruptcy court will hold a hearing on August 15, at 10:00
a.m., to consider confirmation of the plan.  The hearing will take
place at Courtroom 9B, U.S. Bankruptcy Court, 801 North Florida
Avenue, Tampa, Florida.

Objections to the plan are due by August 8.

                      About BMR Holdings

BMR Holdings, LLC, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. M.D. Fla. Case No. 16-02944) on April 6,
2016.  The petition was signed by Michael Levich, manager.

The case is assigned to Judge K. Rodney May.  The Debtor is
represented by Stephen R. Leslie, Esq., at Stichter, Riedel, Blain
& Postler, P.A.

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


BRIGHTER CHOICE: Fitch Affirms 'B' Rating on $16.1MM Revenue Bonds
------------------------------------------------------------------
Fitch Ratings has affirmed the rating on these bonds issued by the
Albany Industrial Development Agency (NY) on behalf of the Brighter
Choice Charter School for Boys and the Brighter Choice Charter
School for Girls (together, BCCS):

   -- $16.1 million of civic facilities revenue bonds, series
      2007A at 'B'.

The Rating Outlook is Stable.

                              SECURITY

The bonds are a general obligation of BCCS and are payable from
gross revenues: primarily state-mandated school district per-pupil
aid payments.  Further security includes a cash-funded reserve
equal to maximum annual debt service (MADS), other reserve funds
under the indenture and a first mortgage lien on the two school
facilities.

                        KEY RATING DRIVERS

HIGHLY SPECULATIVE CREDIT CHARACTERISTICS: The 'B' rating reflects
material risk due to an ongoing technical default through fiscal
2015, a short three-year charter renewal term through 2018, a trend
of volatile operating performance and minimal financial cushion.
Offsetting factors that provide a margin of safety include:
adequate academic performance, solid enrollment trends, improving
financial results and stabilized management.

OPERATIONS IMPROVE; TECHNICAL DEFAULT CONTINUES: As calculated
under the bond documents, coverage remained below 1x in fiscal
2015, which is an event of default.  However, operating results did
improve materially.  BCCS covered debt service from operating cash
flow, and Fitch estimates that results would have met the 1.1x
coverage covenant excluding certain non-recurring, non-cash
write-offs.  Management believes fiscal 2016 coverage will meet the
1.1x bond covenant requirement.

MINIMAL RESERVES: The schools have minimal balance sheet cushion to
offset weak operating performance or absorb unexpected pressures.
Available funds at June 30, 2015 accounted for a very thin 3.6% of
operating expenses and 1.9% of debt.

                       RATING SENSITIVITIES

DEBT SERVICE COVERAGE: The Brighter Choice Charter Schools (BCCS)
expect to meet debt service coverage covenants in fiscal 2016.
Certified coverage in excess of 1x as calculated under the bond
documents would cause BCCS to exit technical default and, in
conjunction with continued operating improvement, could lead to
positive rating action.

CHARTER SCHOOL SECTOR RISKS: A limited financial cushion;
substantial reliance on enrollment-driven, per-pupil funding, and
charter renewal risk are credit concerns common among all charter
school transactions which, if pressured, would negatively affect
the rating.

                          CREDIT PROFILE

BCCS opened in 2002 with a mission to provide a single-gender
public school alternative for students from economically
disadvantaged families.  The schools were launched with the support
of the Brighter Choice Foundation, which developed the facilities.
The 2007A bond proceeds funded the schools' purchase of the
facilities from the foundation and certain enhancements. The K-4
schools remain fully enrolled at or above their chartered
enrollment of 270 each; academic results are generally equal to or
stronger than those of the Albany City School District but weaker
than statewide results.

The schools are authorized by the New York State Board of Regents
and have received three charter renewals since inception.  In March
2015, the authorizer granted a three-year renewal, short of the
full five-year term requested by BCCS, due to financial and
management concerns.  A short-term renewal is a speculative-grade
characteristic.  The elementary schools are legally separate from
and have no obligations related to the Brighter Choice Charter
Middle Schools, which lost their charters and were closed at the
end of the 2014-2015 academic year.

                      EXPANSION NOT A CONCERN

BCCS recently obtained authorizer permission to expand into fifth
grade, which it will open for fall 2016.  Management reports that
the schools are on track to fill the new grade level at both
schools from continuing students (an increase of about 40 students
each).  Constructions costs to accommodate the expansion were
manageable, and additional enrollment is expected to result in net
improvement to operating results.  Fitch considers the authorizer's
support of the fifth grade expansion a credit positive and an
indication that material concerns at the time of the last charter
renewal are being addressed.

                       STABILIZED MANAGEMENT

In 2015, BCCS ended its relationship with the Albany Charter School
Network (affiliated with the foundation), which had been providing
financial management and academic support to the schools.  BCCS
reports that the network was unable to continue prior levels of
support due to external factors.  In addition, the management
contract with the network had drawn public criticism over its
structure.  BCCS has engaged experienced outside consultants to
support finances and operations, and has maintained academic
functions internally.

                  TECHNICAL DEFAULT CONTINUES

Fiscal 2015 debt service coverage fell short of Fitch's prior
expectations and remained below 1x as calculated under the bond
documents.  Coverage below 1.1x triggers a consultant call, but
coverage below 1x, as occurred in fiscal 2014 and 2015 (Fitch
estimates 0.9x and 0.8x, respectively), is an event of default
under the documents and allows for bondholders to accelerate or
pursue other remedies that could lead to a payment default.  All
debt service payments have been made on time.  Fitch understands
that bondholders have neither accelerated nor provided a formal
covenant waiver, but are actively monitoring BCCS' operations.

Despite continued technical default, underlying operations did
improve materially in fiscal 2015; further improvement is projected
for the fiscal year ended June 30, 2016.  Fitch believes that
improved coverage expectations and a reportedly constructive
relationship with bondholders mitigates this risk somewhat, and
that remaining risks related to the technical default are
appropriately reflected in the 'B' rating.

                 UNDERLYING FINANCIAL IMPROVEMENT

Weakened GAAP-basis results in fiscal 2015 mainly reflect
non-recurring bad debt write-offs.  Management reports that fiscal
2015 included a "clean-up" of accounts as part of bringing in a new
CFO and instituting reporting and financial controls; the most
notable effect was writing off all aged receivables.  Operating
cash flow was sufficient to cover debt service in fiscal 2015.
Fitch estimates that, excluding non-recurring bad debt expense,
fiscal 2015 coverage would have been about 1.2x, in excess of
covenant requirements.  Interim results through the third quarter
of fiscal 2016 show results ahead of the prior year. The schools
project a balanced budget and compliance with all covenants in
fiscal 2016.

                     MINIMAL FINANCIAL CUSHION

The schools have minimal balance sheet cushion to offset weak
operating performance or absorb unexpected pressures.  Available
funds of $318,000 at June 30, 2015 are very low relative to
operating expenses (3.6%) and debt (1.9%), providing minimal
cushion to cover debt service, operating losses, or unanticipated
variances to budget.  A debt service reserve cash-funded to MADS is
not included in Fitch's available funds but provides a small margin
of safety.


BRYAN FORESEE: Exit Plan to Pay $7,200 to Unsecured Creditors
-------------------------------------------------------------
Bryan and Tracie Foresee on July 19 filed with the U.S. Bankruptcy
Court for the Western District of Arkansas a plan to exit Chapter
11 protection.

Under the reorganization plan, unsecured creditors will be paid
$7,200 over the first five years of the plan, which represents what
the Debtors believe to be their disposable income over that period
of time once the plan is approved.

A pro rata distribution will be made on all valid and allowed
unsecured claims in the amount of $1,440 on the anniversary date of
the confirmed plan each year for a period of 5 years.

The Debtors will fund the plan from their wages, according to the
disclosure statement detailing the plan.  A copy of the disclosure
statement is available for free at https://is.gd/4P9zY4

The Debtors are represented by:

     Don Brady, Esq.
     AADR
     805 Greenwood Ave
     Fort Smith, Arkansas 72901
    (Phone: 479-784-9221
     Email: aadrbk@gmail.com

                       About The Foresees

Bryan D. Foresee and Tracie J. Foresee sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. W.D. Ark. Case No.
16-71479) on June 21, 2016.


BUDD COMPANY: Court Further Reduces UAW Counsel's Fee Application
-----------------------------------------------------------------
Judge Jack B. Schmetterer of the United States Bankruptcy Court for
the Northern District of Illinois, Eastern Division, issued an
opinion making further reduction in the sixth fee application of
the counsel for UAW, Cleary Gottlie Steen & Hamilton LLP.

Judge Schmetterer disallowed fees sought by the UAW counsel in
connection with certain categories of work.  The judge requested
the fee examiner to confer with the UAW counsel and, after
deducting all reductions previously requested and agreed to, make
the further following additional deductions: (1) To reduce all fees
sought for work on objections to any draft of the disclosure
statement except the Ninth Amended Draft by 50%; and (2) to
disallow entirely all additional work done on the restricting
motion.

The case is In re: The Budd Company, Inc. Debtor, Case No. 14 B
11873 (Bankr. N.D. Ill.).

A full-text copy of Judge Schmetterer's July 22, 2016 order is
available at http://bankrupt.com/misc/ilnb14-11873-1941.pdf

                      About The Budd Company

The Budd Company, Inc., a former supplier to the automotive
industry, filed for chapter 11 bankruptcy protection (Bankr. N.D.
Ill. Case No. 14-11873) on March 31, 2014, with a deal to settle
potential claims against its parent, ThyssenKrupp AG.

The company -- which ceased manufacturing operations in 2006 and
does not have any current employees, facilities or customers --
has obligations consisting largely of medical and other benefits
to approximately 10,000 former employees.

Liabilities amount to approximately $1 billion with assets of
approximately $400 million. Most of the debt consists largely of
medical and other benefits to approximately 10,000 former
employees.

The Debtor disclosed $387,555,681 in assets and $1,107,350,034 in
liabilities as of the Chapter 11 filing.

The Hon. Jack B. Schmetterer oversees the case.  The Debtor has
tapped Proskauer Rose LLP as Chapter 11 counsel, Dickinson Wright
PLLC as special counsel, Epiq Bankruptcy Solutions, LLC as
noticing, claims and balloting agent, and Conway MacKenzie
Management Services, LLC's Charles M. Moore as CRO.

The U.S. Trustee appointed five individuals to serve on the
Committee of Executive & Administrative Retirees.  The Segal
Company (Eastern States), Inc. serves as the Committee's actuarial
consultant.  The Committee retained Solic Capital Advisors, LLC as
its financial advisor.

Reed Heiligman, Esq., at FrankGecker LLP, in Chicago, Illinois,
represents the ad hoc committee of asbestos personal injury
claimants.


BULOVA TECHNOLOGIES: Amends Second Quarter Form 10-Q
----------------------------------------------------
Bulova Technologies Group, Inc., has amended its quarterly report
on Form 10-Q/A for the three and six months ended March 31, 2016,
that was originally filed on May 23, 2016, to:

   1. comply with Rule 10-01(d) Regulation S-X, which requires
      interim financial statements included in quarterly reports
      on Form 10-Q to be reviewed by an independent public
      accountant using professional standards and procedures for
      conducting such reviews, as established by generally
      accepted auditing standards;

   2. to update the financial statements and various disclosures  

      throughout this quarterly report; and

   3. to include the required certifications of the Company's
      Principal Executive Officer and Principal Financial and
      Accounting Officer as required by Sections 302 and 906 of
      the Sarbanes-Oxley Act.

A full-text copy of the Form 10-Q/A is available for free at:

                     https://is.gd/xRqwGn

                         About Bulova

Bulova Technologies Group, Inc. was originally incorporated in
Wyoming in 1979 as "Tyrex Oil Company".  During 2007, the Company
divested itself of all assets and previous operations.  During
2008, the Company filed for domestication to the State of Florida,
and changed its name to Bulova Technologies Group, Inc. and changed
its fiscal year from June 30 to September 30.

Bulova reported a net loss of $5.26 million for the year ended
Sept. 30, 2015, compared to a net loss of $3.76 million for the
year ended Sept. 30, 2014.

As of March 31, 2016, Bulova had $19.13 million in total assets,
$41.64 million in total liabilities and a total shareholders'
deficit of $22.51 million.


C&J ENERGY: Asks Court to Jointly Administer Cases
--------------------------------------------------
CJ Holding Co. and its debtor affiliates ask the Bankruptcy Court
to direct procedural consolidation and joint administration of
their Chapter 11 cases.  They also requested that one file and one
docket be maintained for all of the jointly administered cases
under the case of CJ Holding Co., Case No. 16-33590.

The Debtors told the Court that joint administration of their
Chapter 11 cases will provide significant administrative
convenience without harming the substantive rights of any
party-in-interest.  Since many of the motions, hearings, and orders
in these Chapter 11 cases will affect each Debtor entity, the
Debtors asserted that joint administration will reduce fees and
costs by avoiding duplicative filings and objections.  

Moreover, the Debtor said that joint administration will allow the
Office of the United States Trustee for the Southern District of
Texas and all parties-in-interest to monitor these Chapter 11 cases
with greater ease and efficiency.

                       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 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

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 on July
20, 2016.  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 to 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&J ENERGY: Extension of Schedules Filing Deadline Sought
---------------------------------------------------------
CJ Holding Company and its debtor affiliates ask the Bankruptcy
Court to extend the deadline by which they must file their
schedules of assets and liabilities, schedules of current income
and expenditures, schedules of executory contracts and unexpired
leases, and statements of financial affairs by 30 days, for a total
of 44 days from the Petition Date.  

The Debtors assert that the extensive amount of information that
must be assembled and compiled, the multiple places where the
information is located, and the hundreds of employee and
professional hours required to complete the Schedules and
Statements constitute good and sufficient cause for granting the
requested extension of time.

Although the Debtors, with the assistance of their professional
advisors, are mobilizing their employees to work diligently and
expeditiously on preparing the Schedules and Statements, they
maintained that their resources are strained.

"Given the amount of work entailed in completing the Schedules and
Statements and the competing demands on the Debtors' employees and
professionals to assist in efforts to stabilize business operations
during the initial postpetition period, the Debtors likely will not
be able to properly and accurately complete the Schedules and
Statements within the required time period," said Stephen Thomas
Schwarzbach Jr., Esq., at Kirkland & Ellis LLP, one of the Debtors'
attorneys.

In addition, the Debtors assert that the requirements to file a
list of and to provide notice directly to equity holders should be
waived as to Debtor C&J Energy Services, Ltd.  

"C&J Energy is a publicly-traded company with over 120 million
common shares outstanding and recent average trading volumes of
more than 4.4 million shares daily.  It does not itself maintain a
list of its equity security holders and therefore must obtain the
names and addresses of its shareholders from a securities agent.
Preparing and submitting such a list with last known addresses for
each such equity security holder and sending notices to all such
parties will be expensive and time consuming and will serve little
or no beneficial purpose," said Mr. Schwarzbach.

                         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 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

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 on July
20, 2016.  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 to 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&J ENERGY: Proposes C&J Canada as Foreign Representative
---------------------------------------------------------
CJ Holding Co. and its debtor affiliates seek the Bankruptcy
Court's order authorizing C&J Energy Production Services-Canada
Ltd. to act as the foreign representative on behalf of the Canadian
Debtors' estates in the Canadian Proceeding.

Debtors C&J Canada and Mobile Data Technologies Ltd. are
corporations registered in Alberta, Canada.  C&J Canada, as the
proposed Foreign Representative, will shortly seek ancillary relief
in Canada on behalf of the Canadian Debtors' estates in a court of
proper jurisdiction in Alberta, Canada pursuant to the Companies'
Creditors Arrangement Act (Canada) R.S.C. 1985, c. C-36.  The
purpose of the ancillary proceeding is to request that the Canadian
Court recognize the Canadian Debtors' Chapter 11 cases as "foreign
main proceedings" under the applicable provisions of the CCAA to,
among other things, protect the Debtors' assets and operations in
Canada.

To commence the Canadian Proceeding, C&J Canada requires authority
to act as the "foreign representative" on behalf of the Canadian
Debtors' estates.  If the order is granted, C&J Canada will be able
to file the order with the Canadian Court as the instrument
authorizing C&J Canada to act as the Foreign Representative
pursuant to section 46 of the CCAA.

"Authorizing C&J Canada to act as the Foreign Representative on
behalf of the Canadian Debtors' estates in the Canadian Proceeding
will allow for coordination between these chapter 11 cases and the
Canadian Proceeding, and provide an effective mechanism to protect
and maximize the value of the Canadian Debtors' assets and
estates," according to Stephen Thomas Schwarzbach Jr., Esq., at
Kirkland & Ellis LLP, one of the Debtors' attorneys.

                          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 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

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 on July
20, 2016.  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 to 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.


CAESARS ENTERTAINMENT: China's Giant Said to Lead Bidders for Unit
------------------------------------------------------------------
The American Bankruptcy Institute, citing Christopher Palmeri and
Jonathan Browning of Reuters, reported that a consortium including
China's Giant Interactive Group, backed by billionaire Shi Yuzhu,
is in talks to acquire Caesars Entertainment Corp.'s online game
unit for more than $4 billion, according to people familiar with
the matter.

According to the report, the Giant-led group has emerged as the
leading contender for the business after an auction process, said
one of the people, asking not to be identified because the matter
is private.  Reuters reported earlier that the Giant consortium is
in advanced talks to acquire the unit and has been granted a short
period for exclusive negotiations, citing unidentified people, the
report related.

Caesars Interactive is one of the largest players in the market for
casino-style games on Facebook, with titles such as Slotomania and
Bingo Blitz, the report further related.  The business is projected
to generate earnings before interest, taxes, depreciation and
amortization of more than $360 million this year, according to one
of the people, the report said.  That's an increase of at least 27
percent from the $282.7 million ebitda reported for last year, the
report noted, citing a filing.

Any sale would not include the World Series of Poker, which Caesars
Interactive also owns, one of the people said, the report added.

                   About Caesars Entertainment

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

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

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

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

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

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

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

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

                         *     *     *

The U.S. Bankruptcy Court for the Northern District of Illinois
approved the adequacy of the disclosure statement explaining the
second amended joint Chapter 11 plan of reorganization of Caesars
Entertainment Operating Company Inc. and its debtor-affiliates.

The Court set Oct. 31, 2016, at 4:00 p.m. (prevailing Central
Time)
as last day for any holder of a claim entitle to vote to accept or
reject the Debtors' plan.   

A hearing is set for Jan. 17, 2017, at 10:30 a.m. (prevailing
Central Time) in Courtroom No. 642 in the Everett McKinley Dirksen
United States Courthouse, 219 South Dearborn Street, Chicago,
Illinois, to confirm the Debtors' plan.  Objections to
confirmation, if any, are due Oct. 31, 2016, at 4:00 p.m.
(prevailing Central Time).


CANEJAS SE: Creditors to Get Full Payment Under Plan
----------------------------------------------------
Canejas S.E. proposes to pay all its creditors in full, according
to a Chapter 11 plan of reorganization it filed with the U.S.
Bankruptcy Court for the District of Puerto Rico.

The restructuring plan filed on July 19 provides for a 100% payment
to all creditors of Canejas, including its general unsecured
creditors in Class 5 which, together, assert $79,590 in claims.

The proposed plan will be funded through Canejas' assets,
surrendering to Banco Popular de Puerto Rico the "Edificio Mars"
located in Guaynabo, Puerto Rico, which guarantees its debt to the
bank.

A copy of the plan outline is available for free at
https://is.gd/wWzBOZ

                       About Canejas S.E.

Canejas, S.E., a single asset real estate, filed a Chapter 11
bankruptcy petition (Bankr. D. P.R. Case No. 16-02644) on April 4,
2016.  The petition was signed by Diego Chevere as managing
partner.  The Debtor listed total assets of $11.1 million and total
debts of $8.55 million.  C. Conde & Assoc. represents the Debtor as
counsel.  Judge Mildred Caban Flores is assigned to the case.


CCH JOHN EAGAN: Court to Take Up Plan Outline on August 24
----------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Florida is
set to hold a hearing on August 24, at 1:30 p.m., to consider the
disclosure statement detailing the Chapter 11 plan of CCH John
Eagan II Homes, L.P.

The hearing will take place at the U.S. Bankruptcy Court, Courtroom
B, 8th Floor, 1515 North Flagler Drive, West Palm Beach, Florida.
Objections are due by August 17.

                      About CCH John Eagan
     
Headquartered in Palm Beach Gardens, Florida, CCH John Eagan II
Homes, L.P., owns and operates a 180 unit multifamily apartment
complex in Atlanta, Georgia commonly known as Magnolia Park
Apartments Phase II.  It filed for Chapter 11 bankruptcy protection
(Bankr. S.D. Fla. Case No. 15-31082) on Dec. 1, 2015, and is
represented by Eric A. Rosen, Esq., at Fowler White Burnett, P.A.


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

Judge Erik P. Kimball presides over the case.

The petition was signed by Yashpal Kakkar, managing member, CCH
John Eagan II Partners, LLC, GP.


CERTIFIED ENERGY LABS: U.S. Trustee Unable to Appoint Committee
---------------------------------------------------------------
The Office of the U.S. Trustee disclosed in a court filing that no
official committee of unsecured creditors has been appointed in the
Chapter 11 case of Certified Energy Labs, LLC.

Certified Energy Labs, LLC sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. W.D. Mo. Case No. 16-41635) on June 21,
2016.  The petition was signed by Keith Koehler, managing member.
The case is assigned to Judge Arthur B. Federman.  At the time of
the filing, the Debtor disclosed $448,281 in assets and $2.24
million in debts.  Certified Energy Labs hired Krigel & Krigel,
P.C., as its legal counsel.


CHESTNUT STREET: Hires Berkshire Hathaway as Real Estate Broker
---------------------------------------------------------------
Chestnut Street Townhouse, LLC, seeks authority from the U.S.
Bankruptcy Court for the Middle District of Pennsylvania to employ
Berkshire Hathaway HomeServices Homesale Realty as real estate
broker to the Debtor.

Chestnut Street requires Berkshire Hathaway to sell the real estate
identified as 17 South Chestnut Street and 129 South Chestnut
Street, Mechanicsburg, Cumberland County, Pennsylvania.

Berkshire Hathaway will be paid a commission of 4% or $2,500,
whichever is greater, from sale proceeds.

Berkshire Hathaway has also been retained by Debtor's Principal, P.
John Sopensky, to sell various properties in the P. John Sopensky
Chapter 11 bankruptcy case No. 1:14-bk-04823.

Berkshire Hathaway has agreed to share 15% of its commission from
the sale of the Debtor's properties with Sperry Van Ness Imperial
Realty, Debtor's court appointed realtor with regard to the sale of
various other properties. Sperry Van Ness Imperial Realty is also
the Court appointed realtor for 831 Chestnut LP and 1300 Market
LLC, which entities also have P. John Sopensky as their principal
and have Chapter 11 bankruptcy cases with Nos. 1-14-bk-4814 and
1-14-bk-4802, respectively.

Jesse Gantt, agent with Berkshire Hathaway HomeServices Homesale
Realty, 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.

Berkshire Hathaway can be reached at:

     Jesse Gantt
     BERKSHIRE HATHAWAY
     HOMESERVICES HOMESALE REALTY
     3435 Market St.
     Camp Hill, PA 17011
     Tel: (717) 761-7900

                       About Chestnut Street

Chestnut Street Investments, Inc., filed a Chapter 11 bankruptcy
petition (Bankr. D. Mass. Case No. 13-12448) on April 28, 2013. The
Debtor is represented by Carmenelisa Perez-Kudzma, Esq.


CHINA FISHERY: Seeks to Hire Meyer Suozzi as Legal Counsel
----------------------------------------------------------
China Fishery Group Limited (Cayman) seeks approval from the U.S.
Bankruptcy Court for the Southern District of New York to hire
Meyer, Suozzi, English & Klein, P.C. as its legal counsel.

The firm will provide these services in connection with the Chapter
11 cases of China Fishery and its affiliates:

     (a) advising the Debtors about their powers and
         Duties and the conduct of the cases;

     (b) attending meetings and negotiating with representatives
         of creditors and other parties;

     (c) advising the Debtors with respect to actions necessary to

         protect their estates;

     (d) preparing legal papers;

     (e) representing the Debtors in connection with obtaining any

         required authorization to use cash collateral and post-
         petition financing;

     (f) advising the Debtors in connection with any potential
         sales of assets;

     (g) appearing before the court; and

     (h) taking any necessary action on behalf of the Debtors to
         negotiate, prepare and obtain approval of a disclosure    
     
         statement and confirmation of a chapter 11 plan.

The firm's professionals and their hourly rates are:

     Partners              $250 - $550
     Of Counsel            $275 - $550
     Associates            $200 - $400
     Paraprofessionals     $100 - $135

Thomas Slome, Esq., at Meyer, disclosed in a court filing that the
firm is a "disinterested person" as defined in section 101(14) of
the Bankruptcy Code.

In response to the request for additional information set forth in
Paragraph D.1 of the U.S. Trustee Guidelines, Meyer disclosed that
the firm and the Debtors have not agreed to any variations from, or
alternatives to, its standard billing arrangements for the
engagement.

Meyer further disclosed that the firm and the Debtors expect to
develop a prospective budget and staffing plan.

The firm can be reached through:

     Howard B. Kleinberg, Esq.
     Edward J. LoBello, Esq.
     Jil Mazer-Marino, Esq.
     Meyer, Suozzi, English & Klein, P.C.
     1350 Broadway, Suite 501
     New York, NY 10018
     Tel: (212) 239-4999
     Email: hkleinberg@msek.com
     Email: elobello@msek.com
     Email: jmazermarino@msek.com

                   About China Fishery Group

China Fishery Group Limited (Cayman) and its affiliates sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. S. D.
N.Y. Case No. 16-11895) on June 30, 2016.  The petition was signed
by Ng Puay Yee, chief executive officer.  

The case is assigned to Judge James L. Garrity Jr.

At the time of the filing, the Debtor estimated its assets at $500
million to $1 billion and debts at $10 million to $50 million.


CHINA FISHERY: Taps Goldin Associates as Financial Advisor
----------------------------------------------------------
China Fishery Group Limited (Cayman) seeks approval from the U.S.
Bankruptcy Court for the Southern District of New York to hire
Goldin Associates, LLC as financial advisor.

The firm will provide these services in connection with the Chapter
11 cases of China Fishery and its affiliates:

     (a) prepare financial models for underlying assets and
         assessment of cash requirements;

     (b) prepare valuation and financial analysis of underlying
         assets;

     (c) support litigation by providing expert testimony and
         assistance with document requests;

     (d) provide expert testimony on valuation or plan feasibility

     (e) conduct a site visit of operating entities;

     (f) prepare financial analysis on recovery alternatives to
         all stakeholders;

     (g) meet with creditors and other stakeholders;

     (h) assist in evaluating post-petition cash requirements for
         the Debtors;

     (i) assist in creditor negotiations; and

     (j) assist in the development and negotiation of a plan of
         reorganization.

The firm's professionals and their hourly rates are:

     Senior Managing Director          $900 - $950
     Managing Director/Sr. Advisor     $700 - $900
     Director                          $600 - $700
     Vice-President                    $500 - $600
     Associate                         $350 - $500
     Analyst                           $250 - $350

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

The firm can be reached through:

     David W. Prager
     Goldin Associates, LLC
     350 Fifth Avenue
     The Empire State Building
     New York, New York 10118
     Phone: (212) 593-2255
     Fax: (212) 888-2841

                   About China Fishery Group

China Fishery Group Limited (Cayman) and its affiliates sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. S. D.
N.Y. Case No. 16-11895) on June 30, 2016.  The petition was signed
by Ng Puay Yee, chief executive officer.  

The case is assigned to Judge James L. Garrity Jr.

At the time of the filing, the Debtor estimated its assets at $500
million to $1 billion and debts at $10 million to $50 million.


CHINA FISHERY: Taps RSR Consulting as Restructuring Consultant
--------------------------------------------------------------
China Fishery Group Limited (Cayman) seeks approval from the U.S.
Bankruptcy Court for the Southern District of New York to hire RSR
Consulting LLC as restructuring consultant.

The firm will provide these services in connection with the Chapter
11 cases of China Fishery and its affiliates:

     (a) act as a liaison and coordinate information flow and
         efforts among the management, financial advisors,
         creditors and their advisors, and the U.S. Trustee's
         office

     (b) assist the management in the coordination and production
         of information;

     (c) attend court hearings and Section 341 meetings with
         creditors, if required;

     (d) assist the Debtors in the preparation of periodic
         reporting packages that may be required for their
         creditors;

     (e) provide expert testimony, if required; and

     (f) review restructuring alternatives and projections
         provided by the Debtors' professionals in connection with

         putting forth plans to the constituents and the court.

The hourly rate for the firm's managing directors is $390 while the
hourly rate for its managers and consultants ranges from $250 to
$375.  

Robert Rosenfeld, a member of RSR Consulting, disclosed in a court
filing that the firm is a "disinterested person" as defined in
section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Robert Rosenfeld
     RSR Consulting LLC
     1330 Avenue of the Americas, Suite 23A
     New York, New York 10019
     Phone: (212) 658-0300
     Fax: (212) 658-0347

                   About China Fishery Group

China Fishery Group Limited (Cayman) and its affiliates sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. S. D.
N.Y. Case No. 16-11895) on June 30, 2016.  The petition was signed
by Ng Puay Yee, chief executive officer.  

The case is assigned to Judge James L. Garrity Jr.

At the time of the filing, the Debtor estimated its assets at $500
million to $1 billion and debts at $10 million to $50 million.


CHRISTINE GOOD: Exit Plan to Pay $10K to Unsecured Creditors
------------------------------------------------------------
Christine Good on July 19 filed with the U.S. Bankruptcy Court for
the Southern District of Florida a plan to exit Chapter 11
protection.

Under the proposed restructuring plan, general unsecured creditors,
which hold $419,620 in claims, will share pro rata in a total
distribution of $10,000 to be paid over five years.  The Debtor
proposes to make 20 quarterly payments to general unsecured
creditors.  

The funds to make the initial payments will come from the Debtor's
bank account.  The Debtor will fund the cash payments pursuant to
the plan through her income from employment or investment
properties.

A copy of the disclosure statement detailing the plan is available
for free at

The Debtor is represented by:

     Chad T. Van Horn, Esq.
     Van Horn Law Group, P.A.
     330 N. Andrews Ave., Suite 450
     Fort Lauderdale, Florida 33301
     Phone: (954) 765-3166
     Fax: (954) 756-7103
     Email: Chad@cvhlawgroup.com

                      About Christine Good

Christine Good sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. S.D. Fla. Case No. 15-25289) on August 24, 2015.


CINEVIA CORPORATION: Wants to Use $2,350 for Monthly Expenses
-------------------------------------------------------------
Cinevia Corporation asks the U.S. Bankruptcy Court for the District
of Puerto Rico to modify its Order prohibiting the use of cash
collateral.

The Debtor seeks to use the amount of $2,350 on a monthly basis, to
cover the following monthly costs:

     (a) $650 for maintenance and cleaning of its property,
including the building and the lot;

     (b) $500 for the preparation of Monthly Operating Reports;

     (c) $800 for handyman services; and

     (d) $400 for maintenance materials.

The Debtor tells the Court that it is only asking to use a small
amount of the cash collateral and that it will not use the
remaining cash collateral as a good will gesture towards the
settlement and fast resolution of the case.

A full-text copy of the Debtor's Motion, dated July 21, 2016, is
available at https://is.gd/d03hwR

                     About Cinevia Corporation           

Cinevia Corporation filed a chapter 11 petition (Bankr. D.P.R. Case
No. 15-03407) on May 5, 2015.  The petition was signed by Miguel
Pagan, President.  The Debtor is represented by Jose M. Prieto
Carballo, Esq., at JPC Law Office.  The Debtor estimated its assets
at less than $500,000 and its liabilities at less than $1 million
at the time of the filing.


CITADEL WATFORD: Committee Taps Shaw Fishman as Legal Counsel
-------------------------------------------------------------
The official committee of unsecured creditors of Citadel Watford
City Disposal Partners, LP seeks approval from the U.S. Bankruptcy
Court for the District of Delaware to hire Shaw Fishman Glantz &
Towbin LLC.

The firm will serve as legal counsel for the committee in
connection with the Chapter 11 cases of Citadel and its affiliates.
Shaw Fishman will:

     (a) provide legal advice with respect to the committee's
         powers and duties;

     (b) assist the committee in investigating the conduct and
         financial condition of the Debtors, and other matters
         relevant to their cases;

     (c) participate in the formulation of a Chapter 11 plan;

     (d) provide legal advice with respect to any disclosure
         statement and plan filed in the cases;

     (e) prepare legal papers and appear in court; and

     (f) assist the committee in requesting the appointment of a
         trustee or examiner, should such action be necessary.

The firm's professionals and their hourly rates are:

     Members        $390 - $725
     Of Counsel     $395 - $475
     Associates     $250 - $350
     Paralegals     $145 - $210

Shaw Fishman does not hold or represent any interest adverse to the
Debtors, according to court filings.

The firm can be reached through:

     Thomas M. Horan, Esq.
     Shaw Fishman Glantz & Towbin LLC
     919 N Market Street, Suite 600
     Wilmington, DE 19801
     Phone: 302-480-9412
     Email: thoran@shawfishman.com

The Debtors can be reached through their counsel:

     Michael Busenkell, Esq.
     Gellert Scali Busenkell & Brown, LLC
     1201 N. Orange Street, Suite 300
     Wilmington, DE 19801
     Tel: (302) 425-5800
     Fax: (302) 425-5814
     Email: mbusenkell@gsbblaw.com
     Email: shumiston@gsbblaw.com

                      About Citadel Watford

Citadel Watford City Disposal Partners, L.P., et al., were
engaged,
principally, in providing fluid management services to America's
oil and gas producers including the safe, controlled disposal of
flowback and produced water.

Citadel Watford City Disposal Partners, LP and its affiliates
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
D. Del. Lead Case No. 15-11323) on June 19, 2015.  The Debtor is
represented by Michael Busenkell, Esq., at Gellert Scali Busenkell
& Brown, LLC.

On July 20, 2015, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors in the Debtors' cases.


CJ HOLDING: Moody's Cuts PDR to D-PD on Chap. 11 Filing
-------------------------------------------------------
Moody's Investors Service downgraded CJ Holding Co.'s (CJHC)
Probability of Default Rating (PDR) to D-PD from Ca-PD, following
the company's announcement that it had filed voluntary petitions
for relief under Chapter 11 of the United States Bankruptcy Code in
the United States Bankruptcy Court for the Southern District of
Texas, Houston Division on July 20, 2016.

Concurrently, Moody's affirmed CJHC's Corporate Family Rating (CFR)
of Ca and Senior Secured rating of Ca. The SGL-4 Speculative Grade
Liquidity (SGL) was also affirmed. The rating outlook remains
negative.

Issuer: CJ Holding Co.

Downgrades:

-- Probability of Default Rating, Downgraded to D-PD from Ca-PD

Affirmations:

-- Corporate Family Rating, Affirmed Ca

-- Speculative Grade Liquidity Rating, Affirmed SGL-4

-- Senior Secured Term Loan due 2020, Affirmed Ca (LGD3)

-- Senior Secured Term Loan due 2022, Affirmed Ca (LGD3)

-- Senior Secured Revolver due 2020, Affirmed Ca (LGD3)

Outlook Actions:

-- Outlook remains negative

RATINGS RATIONALE

The downgrade of CJHC's PDR to D-PD is a result of the bankruptcy
filing. CJHC's other ratings have been affirmed, which reflects
Moody's view on the potential overall family recovery.

Shortly following this rating action, Moody's will withdraw all
ratings for the company consistent with Moody's practice for
companies operating under the purview of the bankruptcy courts
wherein information flow typically becomes much more limited.

CJHC is a wholly-owned subsidiary of C&J Energy Services, Ltd.
which is a Bermuda incorporated and Houston, Texas-based
diversified oilfield service company providing completion and
production services to upstream oil and gas companies in North
America.



CLEVELAND BIOLABS: Gets Non-Compliance Notice from NASDAQ
---------------------------------------------------------
Cleveland BioLabs, Inc., received formal notification from the
Stock Market, which notification was subsequently revised on July
15, 2016, regarding its current non-compliance with the NASDAQ
Listing Rules as a result of the resignations of James Antal and
Richard McGowan from the Company's Board of Directors.  Messrs.
Antal and McGowan each served on the audit committee of the Board.

The Company informed NASDAQ about the resignations on July 12,
2016.  Under NASDAQ Listing Rule 5605(c)(2)(A), the audit committee
of the Board must be comprised of at least three independent
directors.  As of the effective time of the resignations of Messrs.
Antal and McGowan, the audit committee of the Board will be
comprised of one director who is independent under the NASDAQ
Listing Rules.

Under the terms of the Notice and NASDAQ Listing Rule 5810(c)(2),
the Company has 45 calendar days from the date of the Notice to
submit a plan to regain compliance.  The Company currently
anticipates submitting such a plan to NASDAQ or regaining
compliance prior to the expiration of the 45-day period by
appointing two new independent directors to the audit committee.
If the Company is not granted an extension or is granted an
extension but is unable to evidence compliance during the extension
period, NASDAQ may issue a delisting determination.  In the event
of such a determination, the Company may appeal NASDAQ's
determination to delist its securities, but there can be no
assurance that NASDAQ would grant the Company's request for
continued listing.

                  About Cleveland BioLabs

Cleveland BioLabs, Inc. (NASDAQ: CBLI) is a biopharmaceutical
company developing novel approaches to activate the immune system
and address serious unmet medical needs.  The Buffalo, New
York-based company's proprietary platform of toll-like immune
receptor activators has applications in radiation mitigation,
oncology immunotherapy and vaccines.

Cleveland reported a net loss of $13.04 million on $2.70 million of
grants and contracts revenues for the year ended Dec. 31, 2015,
compared to net income of $35,366 on $3.70 million of grants and
contracts revenues for the year ended Dec. 31, 2014.

As of March 31, 2016, Cleveland Biolabs had $19.80 million in total
assets, $4.85 million in total liabilities and $14.94 million in
total stockholders' equity.


COMMUNITY VISION: Cash Collateral Use on Interim Basis OK
---------------------------------------------------------
Judge Michael E. Ridgway of the U.S. Bankruptcy Court for the
District of Minnesota authorized Community Vision Development
Programs, LLC to use cash collateral on an interim basis.

The Debtor was authorized to grant the Internal Revenue Service a
replacement lien on all of the Debtor's assets to the extent of
post-petition cash collateral use.  The replacement lien will have
the same priority, dignity and effect as the pre-petition lien held
by the IRS.  Recoveries on account of any of the Debtor's
bankruptcy causes of action are excluded from the replacement
lien.

The final hearing on the Debtor's Cash Collateral Motion is
scheduled on August 17, 2016 at 10:30 a.m.

A full-text copy of the Order, dated July 21, 2016, is available at
https://is.gd/LTDCPz

The case is In re Community Vision Development Programs, LLC
(Bankr. D. Minn. Case No. 16-42109).


CONDO 64 LLC: Can Use Cash Collateral Through September 22
----------------------------------------------------------
Judge Ann M. Nevins of the U.S. Bankruptcy Court for the District
of Connecticut authorized Condo 64, LLC to use cash collateral,
beginning on July 24, 2016 until September 22, 2016.

The Debtor is indebted to secured creditor American Eagle Financial
Credit Union in the amount of $2,489,100.90, with accrued interest
of $276,423, together with late charges, attorney's fees and such
other amounts as may be outstanding under the Loan Documents.

Judge Nevins authorized the Debtor to use cash collateral in the
ordinary course of its business up to the maximum amount of
$102,991, for the payment of expenses listed in the approved
Budget.

The Budget provides for total expenses in the amount of $51,575 for
the period July 23, 2016 through August 23, 2016; and $51,416 for
the period August 23, 2016, through September 23, 2016.

Judge Nevins granted American Eagle Financial Credit Union
replacement liens in all the Debtor's pre-petition and
after-acquired property.  Judge Nevins authorized the Debtor to pay
American Eagle Financial Credit Union the amount of $7,500 per
month, for 60 days, as additional adequate protection.

Judge Nevins held that the liens of American Eagle Financial Credit
Union shall be subject to and subordinate to, among others,  the
allowed fees and expenses of the Debtor's retained counsel,
Halloran & Sage, LLP and Kevin Mason, Esq., in an amount not to
exceed $50,000, to be paid from proceeds of Secured Creditor’s
collateral in the event allowed administrative fees of Debtor’s
Counsel are not paid or available from cash on hand from the
Debtor’s operations, any sale or refinance of the Debtor’s
property.

A final hearing on the Debtor's use of Cash Collateral is scheduled
on September 15, 2016 at 10:00 a.m.

A full-text copy of the Order, dated July 22, 2016, is available at
https://is.gd/tU2M4J

                         About Condo 64, LLC.

Condo 64, LLC filed a chapter 11 petition (Bankr. D. Conn. Case No.
15-21797) on October 16, 2015.  The petition was signed by Oliver
C. Pinkard, managing member.  The Debtor is represented by Kaitlin
M. Humble, Esq. and Craig I. Lifland, Esq., at Halloran & Sage LLP.
The case is assigned to Judge Ann M. Nevins.  The Debtor disclosed
total assets at $4.6 million and total liabilities at $3.1 million
at the time of the filing.


CONGREGATION OF UNITY: Can Use Cash Collateral Until Oct. 4
-----------------------------------------------------------
Judge George R. Hodges of the U.S. Bankruptcy Court for the Western
District of North Carolina authorized The Congregation of Unity,
Inc. to use cash collateral on an interim basis, until October 4,
2016.

Entegra Bank asserts a security interest in and lien against
substantially all of the Debtor's real property assets, including
rents.

Judge Hodges authorized the Debtor to use cash collateral only for
ordinary and necessary business expenses, consistent with the
specific items and amounts contained in the approved Budget.

The Budget provides for total expenses in the amount of $13,681 for
the month of July; $7,785 for the month of August; and $8,485 for
the month of September.  The expenses listed in the Budget include,
among others, insurance, utilities and legal fees.

Judge Hodges granted Entegra Bank a valid, enforceable, perfected
and continuing security interest in, and liens upon all
post-petition assets of the Debtor, to the same nature, extent and
validity as the liens and encumbrances of Entegra Bank that
attached to the Debtor's assets pre-petition.

A final hearing on the use of Cash Collateral is scheduled on
October 4, 2016 at 10:00 a.m.

A full-text copy of the Order, dated July 21, 2016, is available at
https://is.gd/NN5n4f

Entegra Bank is represented by:

          Mark A. Pinkston, Esq.
          THE VAN WINKLE LAW FIRM
          11 North Market St.
          Asheville, NC 28801
          Telephone: (828) 475-8855
          Email: mpinkston@vwlawfirm.com

             About The Congregation of Unity, Inc.

Headquartered in Edneyville, North Carolina, The Congregation of
Unity, Inc., is a nonprofit church entity.  The Debtor filed for
Chapter 11 bankruptcy protection (Bankr. W.D. N.C. Case No.
16-10260) on June 29, 2016, listing $1.72 million in total assets
and $579,317 in total liabilities.  The petition was signed by
Carol Brawley, director.  Judge George R. Hodges presides over the
case.  D. Rodney Kight, Jr., Esq., at Kight Law Office serves as
the Debtor's bankruptcy counsel.


CONNTECH PRODUCTS: Can Use TD Bank Cash Collateral Until July 30
----------------------------------------------------------------
Judge Julie A. Manning of the U.S. Bankruptcy Court for the
District of Connecticut authorized ConnTech Products Corporation to
use the cash collateral of secured creditor TD Bank on an interim
basis, through July 30, 2016.

Judge Manning acknowledged that the use of Cash Collateral by the
Debtor on an interim basis, pending a final hearing and
determination by the Court, is necessary to prevent irreparable
harm, in that without such use the Debtor would be unable to meet
payroll obligations, meet current operating expenses, and sustain
business operations.

The approved Budget covers the period beginning July 10, 2016
through July 23, 2016.  It provides for total projected expenses in
the amount of $239,150.69.

Judge Manning granted TD Bank replacement and/or substitute liens
in all post-petition assets of the Debtor and proceeds thereof, and
such replacement liens shall have the same validity, extent, and
priority that the Lender possessed as to said liens on the Petition
Date.

TD Bank's liens and replacement liens are subject and subordinate
to a carve-out of such liens for amounts payable by the Debtor
for:

     (i) fees of the United States trustee;

     (ii) wages due the Debtors' employees; and

     (iii) court approved fees of the Debtors' professionals and
counsel to the Official Committee of Unsecured Creditors.

A final hearing on the Debtor's Motion is scheduled on July 28,
2016 at 10:00 a.m.

A full-text copy of the Order, dated July 22, 2016, is available at
https://is.gd/mWGJfM

               About ConnTech Products Corporation

ConnTech Products Corporation filed a voluntary Chapter 11 petition
(Bankr. D. Conn. Case No. 15-30397) on March 19, 2015.  The
petition was signed by Mark S. Fenney, president.  The Hon. Julie
A. Manning oversees the case.

Neil Crane, Esq., at the Law Offices of Neil Crane, LLC, serves as
counsel to the Debtor.  The Debtor estimated assets of $1 million
to $10 million and liabilities of $500,000 to $1 million.

                            *     *     *

On March 21, 2016, the Debtor filed a Disclosure Statement.  In the
Disclosure Statement the Debtor has offered three alternatives.
Either the Debtor will obtain financing and continue operating; or
the Debtor will sell its business as a going concern; or the Debtor
will partially sell its business.  In the Disclosure Statement the
Debtor proposed paying a dividend of 30% to unsecured creditors
over the course of five years.

The Debtor hired a business broker, Capital Recovery Group, LLC to
sell the Debtor's business as a going concern.


CORELOGIC INC: Moody's Cuts Senior Secured Ratings to Ba2
---------------------------------------------------------
Moody's Investors Service affirmed CoreLogic, Inc.'s Ba2 corporate
family rating, Ba2-PD probability of default rating, B1 senior
debentures rating, and SGL-1 speculative grade liquidity ("SGL")
rating. In addition, Moody's downgraded the senior secured
revolving credit facility and term loan ratings to Ba2 from Ba1.
The outlook remains stable.

RATINGS RATIONALE

The downgrade of the senior secured revolving credit facility and
term loan ratings reflects the higher relative proportion of senior
secured debt in the capital structure following the redemption of
the 7.25% senior unsecured notes due June 2021 ("2021 Notes") using
net proceeds from an incremental term loan borrowing. With the
upsizing of the term loan and repayment of the 2021 notes, the debt
structure consists primarily of senior secured debt (about $1.3
billion) with only a small remaining unsecured piece ($60 million
7.55% senior debentures due April 2028).

The Ba2 CFR reflects CoreLogic's strong market position within the
mortgage settlement services market built on long-standing
relationships with many of the largest financial institutions. This
profile leads to generally predictable revenue and cash flow as
reflected in the solid financial performance through the last
economic cycle and during the past several years amidst the steep
drop in mortgage originations after several years of strong
refinancing activity. Moody's expects mortgage volumes to decline
through 2017 as refinancing activity continues to wane, partly
offset by modest recovery in home purchases.

Despite the lingering industry headwinds, the stable outlook
reflects Moody's expectation of low single digit organic revenue
growth through 2017 with mid-teens percentage operating margins
driven by the strength of CoreLogic's data analytics business,
which has benefited from increased credit and risk
management-related activity during the housing downturn, and market
share gains arising from the mortgage lending/servicing industry
trend towards outsourcing. Moody's also expect that financial
policies will be disciplined and expect financial leverage to
improve to about 3x over the next year.

The ratings could be upgraded if CoreLogic demonstrates organic
revenue and earnings growth while improving leverage such that free
cash flow to debt exceeds 15%, debt to EBITDA improves to the mid 2
times level, and operating margins are sustained above 20%. The
ratings could be downgraded if CoreLogic engages in significant
share buyback or acquisition activity or experiences a decline in
profitability such that adjusted debt to EBITDA remains above mid 3
times, or free cash flow to debt decreases to less than 10% for an
extended period of time.

Ratings affirmed:

Corporate family rating -- Ba2

Probability of default rating -- Ba2-PD

Senior debentures -- B1 (LGD 6)

Speculative grade liquidity rating -- SGL-1

Ratings downgraded:

Senior Secured Revolving credit facility -- Ba2 (LGD 3) from Ba1
(LGD 2)

Senior Secured Term Loan A -- Ba2 (LGD 3) from Ba1 (LGD 2)

Rating withdrawn:

Senior unsecured notes -- Ba3 (LGD 5)

The rating outlook is stable.

CoreLogic, Inc., with projected annual revenues of $1.9 billion, is
a leading provider of property and mortgage data and analytics, as
well as loan processing services.


CREATIVE FOODS: Has Until Sept. 6 to Use Cash Collateral
--------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Illinois
authorized Creative Foods, LLC to use cash collateral on an interim
basis, until September 6, 2016.

The Debtor was authorized to use cash collateral for the sole
purpose of paying the ordinary and necessary expenses related to
the Debtor's operation of its restaurant business, located at 1
Walker Avenue, Clarendon Hills, Illinois.

The approved 30-day Budget provides for total payroll expenses in
the amount of $41,900 and total overhead expenses in $73,734.  The
Budget estimates weekly fixed costs at $1,252.34.

The Debtor is indebted to Ridgestone Bank in the amount of
$331,804.29, plus attorney's fees, as of the Petition Date.

The Debtor represented that in the absence of the use of Cash
Collateral, the Debtor does not have sufficient available sources
of working capital and financing to operate its business and
maintain its property.  It further represented that the use of Cash
Collateral is necessary to avoid immediate and irreparable harm to
the Debtor.

The Court granted Ridgestone Bank replacement liens on all of the
Debtor's assets.  The replacement liens will be valid, enforceable
and superior in right to any other lien created or arising unless
Ridgestone Bank consents in writing or the Court orders otherwise.
The Court directed the Debtor to pay Ridgestone Bank the amount of
$1,387.50 on a monthly basis as additional adequate protection.

A status hearing on the Debtor's use of Cash Collateral is
scheduled on September 1, 2016 at 10:30 a.m.

A full-text copy of the Order, dated July 21, 2016, is available at
https://is.gd/5Vc9vW

                  About Creative Foods, LLC.

Creative Foods, LLC filed a chapter 11 petition (Bankr. N.D. Ill.
Case No. 16-19927) on June 17, 2016.  The petition was signed by
Anthony Swigon, general manager - member.  The Debtor is
represented by David P. Lloyd, Esq., at David P. Lloyd, Ltd.  The
case is assigned to Judge Jack B. Schmetterer.  The Debtor
estimated assets at $0 to $50,000 and liabilities of $1 million to
$10 million at the time of the filing.


CRYSTAL SPOON: Wants Plan Filing Deadline Moved to Dec. 21
----------------------------------------------------------
The Crystal Spoon asks the U.S. Bankruptcy Court for the Southern
District of New York to extend until Dec. 21, 2016, its exclusive
period within which to file a Chapter 11 small business plan and
solicit acceptances.

A hearing on the Debtor's request is set for Aug. 3, 2016, at 12:00
noon.

The Debtor's exclusive period to file a plan expires on Aug. 22,
2016.

The Debtor and its principal has devoted a great deal of time and
energy to this Chapter 11 proceeding and business operations.  The
Debtor has been exploring formulating a Chapter 11 plan of
reorganization which will be funded primarily through profits from
operations and an infusion of capital from a third party investor
or the proceeds of a loan.  The Debtor hopes to propose a viable
plan by Dec. 21, 2016, the "300 day" deadline imposed on small
business cases.

The Debtor is current with all post-petition financial obligations
including those due to the office of the Office of the U.S.
Trustee.

The Debtor is two months behind in filing monthly operating
reports, but intends to catch up.  As reflected in its sole
operating report, the Debtor has been profitable during its Chapter
11 case.  Moreover, it has projected that operations will be
profitable in the upcoming months based primarily upon the increase
of business during the spring and summer seasons.

The Debtor believes that its creditors will cooperate, including
the landlord.

In the event that the Court declines to grant the extension
requested, it is submitted that the Debtor will be left in a
potentially vulnerable situation.

The Debtor's counsel can be reached at:

     PENACHIO MALARA LLP
     Anne Penachio, Esq.
     235 Main Street
     White Plains, New York 10601
     Tel: (914) 946-2889
     E-mail: apenachio@pmlawllp.com

Headquartered in Elmsford, New York, The Crystal Spoon aka Top Chef
Meals is in the business primarily of distribution of prepared
meals, co-packing for other suppliers and catering.

The Debtor filed for Chapter 11 bankruptcy protection (Bankr.
S.D.N.Y. Case No. 16-22238) on Feb. 25, 2016, estimating its assets
and liabilities at between $1 million and $10 million.  The
petition was signed by Paul Ghiron, president.

Anne J. Penachio, Esq., at Penachio Malara LLP, serves as the
Debtor's bankruptcy counsel.


CULTURE PROJECT: Wants to Use HSBC Cash Collateral
--------------------------------------------------
The Culture Project, Inc. asks the U.S. Bankruptcy Court for the
Southern District of New York for authorization to use cash
collateral.

The Debtor has a secured line of credit with HSBC in the amount of
$287,000.  It relates that it has contacted HSBC to negotiate a
stipulation approving its use of Cash Collateral.  The Debtor
further relates that instead of working with the Debtor, HSBC,
without notice, froze the Debtor's pre-petition bank account and
has not provided the Debtor with the contact information of its
counsel.

The Debtor says that it currently has insufficient cash, absent use
of HSBC's Cash Collateral, to meet its ongoing obligations
necessary to maintain and operate its business.   The Debtor
further says that the use of Cash Collateral is necessary in order
for the Debtor to pay for ordinary operating expenses, including
its payroll.

The Debtor proposes to grant HSBC a replacement lien in all of the
Debtor's existing and after-acquired real and personal property and
assets.  The Debtor also proposes to grant HSBC a superpriority
administrative expense claim, payable ahead of all other costs of
administration, and all accrued and unpaid claims for unpaid fees,
costs and expenses incurred at any time, payable to estate
professionals retained by the Debtor, with the approval of the
Court.

The Debtor believes that it will be able to make monthly adequate
protection payments to HSBC beginning in late September or early
October 2016.

A full-text copy of the Debtor's Motion, dated July 21, 2016, is
available at https://is.gd/OdDqgc

                   About The Culture Project, Inc.

The Culture Project, Inc. filed a chapter 11 petition (Bankr.
S.D.N.Y. Case No. 16-11874) on June 29, 2016.  The Petition was
signed by Allan Buchman, president.  The Debtor is represented by
Joel Shafferman, Esq., at Shafferman & Feldman, LLP.  The Debtor
estimated assets at $0 to $50,000 and liabilities at $500,001 to $1
million.


CUSTOM STONE: Taps Roussos Glanzer as Legal Counsel
---------------------------------------------------
Custom Stone Company, Inc. seeks approval from the U.S. Bankruptcy
Court for the Eastern District of Virginia to hire Roussos, Glanzer
& Barnhart, P.L.C. as its legal counsel.

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

     (a) prepare legal papers required to administer the Debtor's
         estate;

     (b) consult with and advise the Debtor in the reorganization
         of its financial affairs or the liquidation of its
         assets;

     (c) represent the Debtor in adversary proceedings and in all
         contested matters;

     (d) advise the Debtor concerning the administration of its
         estate, its rights and remedies with respect to its
         assets, and claims held by its creditors;

     (e) investigate the existence of other assets of the estate;
         and

     (f) prepare a plan of reorganization for the Debtor,
         negotiate with creditors, and take the necessary actions
         to obtain confirmation of the plan.

The firm's professionals and their hourly rates are:

     Robert V. Roussos     $390
     Kelly M. Barnhart     $325
     Paralegal              $90

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

The firm can be reached through:

     Robert V. Roussos, Esq.
     Kelly M. Barnhart, Esq.
     Roussos, Glanzer & Barnhart, PLC
     580 E. Main St., Ste. 300
     Norfolk, VA 23510
     Phone: (757) 622-9005
     Fax: (757) 624-9257
     Email: roussos@rgblawfirm.com
            barnhart@rgblawfirm.com

                       About Custom Stone

Custom Stone Company, Inc. sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. E. D. Va. Case No. 16-72508) on July
18, 2016.  The petition was signed by Kenneth R. Sims, president.


The case is assigned to Judge Stephen C. St. John.

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


D&H MACHINE SERVICE: Secured Credit from Brian Hillard Sought
-------------------------------------------------------------
D&H Machine Services, Inc. asks the U.S. Bankruptcy Court for the
Eastern District of Tennessee for authorization to obtain secured
credit.

The Debtor anticipates that in the fall of 2016, it will have a
substantial peak in demand for production of machinery.  The Debtor
relates that these machinery orders are placed on a per item order
and require the Debtor to purchase materials and invest labor in
the product prior to invoicing the customer.   The Debtor further
relates that it already has two clients, which are estimated to
require $20,000 for materials in August.

The Debtor tells the Court that it will need a line-of-credit of
approximately $60,000 and proposes to obtain credit from its
principal, Brian Hillard, as an administrative expense with a lien
on all assets of the Debtor including equipment, inventory,
work-in-process, and accounts receivable, junior to any preexisting
liens.  The Debtor further tells the Court that the loan is without
interest for the first six months, and then would accrue at 5% per
annum.

The Debtor knows of no undisputed lien but acknowledges that
creditor, Aqua-Chem has a potential lien claim of approximately
$40,000 with regard to preexisting attachment of Accounts
Receivable.

A hearing on the Debtor's Motion is scheduled on August 4, 2016 at
10:00 a.m.

A full-text copy of the Debtor's Motion, dated July 22, 2016, is
available at https://is.gd/shqQgZ

D&H Machine Service, Inc. is represented by:

          Dean B. Farmer, Esq.
          HODGES, DOUGHTY & CARSON PLLC
          Post Office Box 869
          Knoxville, TN 37901-0869
          Telephone: (865) 292-2307
          Email: dfarmer@hdclaw.com

                    About D&H Machine Service, Inc.

D&H Machine Service, Inc. filed a chapter 11 petition (Bankr. E.D.
Tenn. Case No. 16-30308) on February 9, 2016.  The petition was
signed by Brian Hillard, president.  The Debtor is represented by
Dean B. Farmer, Esq., at Hodges, Doughty & Carson, PLLC.  The
Debtor estimated assets at $500,001 to $1 million and liabilities
at $100,001 to $500,000.


DANIEL S. BEECROFT: Court to Take Up Plan on August 25
------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Florida is
set to hold a hearing on August 25, at 9:30 a.m., to consider
approval of the disclosure statement and the Chapter 11 plan of
reorganization of Daniel Beecroft.

The hearing will take place at the U.S. Bankruptcy Court, U.S.
Courthouse, Courtroom 308, 299 E. Broward Boulevard, Fort
Lauderdale, Florida.  Objections must be filed on or before August
22.

Meanwhile, the deadline for voting creditors to file their ballots
is August 16.

The Debtor's plan proposes that general unsecured creditors will
get 100% of their allowed claims upon the sale of the Debtor's real
property located at 75 Little Harbor Way, Deerfield Beach Florida.

                    About Daniel S. Beecroft

Daniel S. Beecroft filed for Chapter 11 bankruptcy protection
(Bankr. S.D. Fla. Case No. 15-23954) on Aug. 1, 2015.

The case is assigned to Judge Raymond B. Ray.  The Debtor is
represented by Stephen P. Orchard, Esq., at the Law Offices of
Stephen Orchard.


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.

The Debtor filed for Chapter 11 for the purpose of restructuring
and paying its obligations to New York State Department of Tax and
Finance ("NYSDTF") 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.  NYSDTF filed Tax Warrants, elevating it to secured
status.  Immediately before the Petition Date NYS was taking
enforcement actions which would have effectively shut down the
Debtor's business.  All totaled, including interest and penalties,
NYSDTF alleges the Debtor owes $238,304 (Claims Register # 1-4).

In addition to the sales tax issue, on the Petition Date the Debtor
was approximately three months in arrears to its Landlord.

On Sept. 2, 2015, the Debtor filed an application to retain Great
American Brokerage, Inc., to market and sell the restaurant. Great
American's retention was approved by order dated Sept. 18, 2015.

The Purchaser proffered the best all-cash offer to the Debtor.  An
offer that was $5,000 higher was received from another party, but
it was contingent on a three year pay-out.  After consulting with
NYSDTF regarding the second offer, the Debtor accepted the
Purchaser's all-cash offer.

The Landlord also agreed to enter into a new lease with the
Purchaser.  The new lease will be delivered at closing, contingent
on the Debtor surrendering its entire security deposit to the
Landlord in the amount of approximately $10,000 in full
satisfaction of the prepetition rent arrears in the amount of
approximately $15,000.

The terms of the sale are:

   * Purchase Price: $150,000

   * Inventory Adjustment: Purchaser will pay an additional amount
equal to the Debtor's cost to purchase unexpired inventory, in an
amount to be determined within 48 hours before closing.

   * Assets: Include leasehold improvements, furniture, fixtures
and equipment, telephone number, facebook page, intellectual
property, right to operate under the Café Mozart name,
stock-in-trade and customer lists.

   * Lease Contingency: The sale is contingent upon the Landlord
executing a lease in favor of the Purchaser.

   * Expressly Excluded Assets: Cash on hand at closing, accounts
receivable, insurance policies, books and records, equipment
subject to equipment leases, including an ice machine and
dishwasher, estate causes of action under Sec. 544 –
553 of the Bankruptcy Code, and the Purchase Price.

                         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.


DEFENSE HOLDINGS: CEO to Contribute $10K to Fund Bankruptcy Plan
----------------------------------------------------------------
Defense Holdings, Inc., on July 19 filed with the U.S. Bankruptcy
Court for the Eastern District of Virginia a plan to exit Chapter
11 protection.

The plan of reorganization provides for payments to creditors of
Defense Holdings from the "new equity" contribution of $10,000 by
Richard Martin, president and chief executive officer of the
company.  In exchange, the reorganized company will issue new
equity interests to Mr. Martin.

Aside from Mr. Martin's contribution, payments to creditors will
also be funded through cash generated from future business
operations.  Defense Holdings will make the payments directly to
its creditors, according to the disclosure statement detailing the
proposed plan.

A copy of the disclosure statement is available for free at
https://is.gd/t6iqfO

                     About Defense Holdings

Defense Holdings, Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E. D. Va. Case No. 15-14317) on December 7,
2015.  The petition was signed by Richard J. Martin, president and
CEO.  

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


DETROIT, MI: S&P Assigns 'B' Rating on Unlimited Tax GO Debt
------------------------------------------------------------
S&P Global Ratings has assigned its 'AA' rating to Michigan Finance
Authority's local government loan program first-lien revenue bonds
series 2016C-1, assigned its 'A+' rating to the
series 2016C-2 third-lien bonds, and its 'A-' rating to the series
2016C-3 and 2016C-4 fourth-lien bonds.  The bonds are issued on
behalf of Detroit, Mich. At the same time, S&P Global Ratings
affirmed its 'AA-' rating on the second-lien bonds and its 'B'
rating on Detroit's unlimited tax general obligation (GO) debt
rating.  The outlook on all bonds remains stable.

A pledge of all distributable state aid payable (DSA) to Detroit
secures the bonds, and all bonds also carry the city's GO pledge.
First- and third-lien bonds are a limited tax (LT) GO; the second-
and fourth-lien bonds are an unlimited tax obligation.  Because the
second- and fourth-lien bonds are unlimited tax GO (UT GO) bonds,
the city will levy a property tax millage for 100% of the debt
service. Given the double-barrel pledge, we rate the bonds to the
stronger of the two pledges, which is the DSA revenue stream.

DSA consists of a portion of the 6% retail sales tax revenues
collected across Michigan.  The pledged revenues are divided into
constitutional and statutory components. Constitutional state aid
is distributed based on population; statutory aid is distributed
based on a formula the state determines.  S&P Global Ratings views
the constitutional share of state aid as the more stable of the two
components given the state's ability to make adjustments (including
reductions) to the statutory portion.

"The ratings on the distributable state aid bonds reflect our view
of the continued strong DSA revenue stream based on the broad
statewide collection area for revenues," said S&P Global Ratings
credit analyst Jane Ridley.  "The affirmation of our 'B' rating on
the city's GO debt reflects our view that the city continues to
make progress to improve its financial and operating position
post-bankruptcy," she added.

Key credit factors include:

   -- A statutory lien on DSA, consisting of state sales tax
      revenues Detroit receives from the state;

   -- The state treasurer's requirement to send all state aid due
      to the city directly to the trustee, in an amount sufficient

      for set-aside payments, before releasing any state aid to
      Detroit;

   -- Strong coverage of the closed first-lien debt of 2.9x
      constitutional revenues and 10.3x all-in;

   -- Good coverage of second-lien debt of 1.9x constitutional
      revenues and 6.8x all-in, coupled with an additional bonds
      test (ABT) of 150% of constitutional and 200% of
      constitutional and statutory revenue;

   -- Adequate coverage of third-lien debt of 1.4x constitutional
      revenues and 5.0x all-in, and an ABT of 115% of
      constitutional and 200% of constitutional and statutory
      revenue;

   -- An agreement with the state treasurer that no delay of set-
      aside payments will occur, even if state aid is withheld or
      delayed; and

   -- The treasurer's ability to advance any appropriated state
      aid to the trustee for payment of debt service, if needed.
      Offsetting factors include Maximum annual debt service
      (MADS) coverage from the constitutional portion of
      distributable state aid of 0.68x following the addition of
      $35 million in new fourth-lien debt, although all-in
      coverage from both statutory and constitutional rises to
      2.4x ; and

   -- The pledged revenue stream's sensitivity to both city and
      state economic conditions, given the constitutional
      distribution of state aid is based on Detroit's population,
      and the total amount of state aid available for distribution

      is based on statewide sales tax collections.  The state uses

      the U.S. Census as its basis for population, so Detroit's
      population will not be reassessed until the 2020 census.

The bonds' structure has several enhancements that S&P believes
significantly offset the credit weaknesses arising from Detroit's
financial condition.  These include the statutory lien and trustee
involvement for both the DSA revenues and the UT GO debt millage;
the state treasurer's requirement to make set-aside and debt
service payments regardless of delays in statutory state aid due to
the city; and the ability to advance any state aid due to Detroit
for payment of debt service.  DSA must be annually appropriated by
the state in its budget, but constitutional aid is not
discretionary.  Although this does leave the revenue stream
vulnerable to late budget adoption, Michigan has no history of
such.  In addition, S&P feels late budget adoption risk is
mitigated by the timing of debt service payments, which come in the
middle of the state's fiscal year on April 1.

The stable outlook on the DSA bonds reflects S&P's expectation that
over the two-year time horizon of the outlook, state aid
distributions to Detroit will not drop significantly, and that
coverage for all bonds, including the fourth-lien series, from
total state aid revenues will remain adequate.  If delays in the
statutory portion of state aid occur, S&P expects that the legal
mechanisms will ensure timely payment of debt service.

The stable outlook on the GO debt reflects S&P's opinion that the
city has stabilized its operations post-bankruptcy, but is still
challenged to demonstrate and maintain structural balance.
Maintenance of the GO rating is predicated on continued oversight
from the Financial Review Commission (FRC).

With the city having room to issue additional debt under the second
and third liens and low all-in coverage on all series, S&P views
dilution of coverage on the DSA bonds as a possibility and, as
such, do not expect to raise the rating over the outlook's two-year
horizon.

If Detroit demonstrated improvement in financial performance and
execution, S&P views an upgrade of the GO bonds over the one-year
horizon of the outlook as possible, but given the challenges still
facing the city, think that likelihood is less than one-in-three.

Over the outlook's two-year horizon, S&P could lower the ratings on
the bonds if DSA coverage drops significantly, or if additional
debt further dilutes coverage.

S&P could also lower the GO rating during the one-year outlook
horizon if there is deterioration in any of S&P's key credit
characteristics: economy, finances, management, and debt, including
pensions.


DISH NETWORK: Moody's Says Subscriber Losses Cuts Fin'l Flexibility
-------------------------------------------------------------------
Moody's Investors Service said that Dish Network Corporation's
("DISH" -- Ba3 CFR) largest quarterly subscriber losses at its
satellite pay TV subsidiary, Dish DBS Corporation, reduces
financial flexibility for the company. DISH announced with its
earnings today that it lost 281,000 pay TV subscribers (at Dish
DBS), its biggest quarterly subscriber loss ever.  Moody's said,
"The net subscriber loss even includes its SLING TV subscribers
which we believe are growing, so in our opinion, the satellite TV
subscriber loss is even greater. We note that the company increased
subscription rates in the beginning of the year, increasing ARPU,
which most certainly played a role in the defections and helped to
improve financial results for the company. However, of concern is
the company's sub loss trend which is worsening at the satellite
pay TV operation. This is evidenced by year-over-year Q2 comparison
against 81,000 and 44,000 subscriber losses in Q2 2015 and 2014,
respectively, and year-to-date sub loss count of about 304,000 as
compared to the 2015 Q2 year-to-date sub loss of 46,000 subs. These
figures are also worse in the context of full year losses of 81,000
and 79,000 in 2015 and 2014, respectively, demonstrating a marked
rise in secular pressure. SLING TV sub additions are included in
the company's subscriber figures. However, this narrow-bundle pay
TV business which is still a relatively new operation for DISH
Network, is outside of the DISH DBS intermediate holding company
which is the issuer of all of the company's debt. Since there is no
recourse to the DISH DBS sister companies that hold the significant
wireless spectrum assets and the SLING TV operations, and there is
no guarantee from the ultimate parent DISH Network Corp.,
bondholders are relying only on the Satellite pay TV operation. Our
subscriber loss concerns center upon our view that the ability to
raise subscription prices is limited and may lead to more rapid
losses and eventually, losses will result in a decline in revenue
and EBITDA. OTT competition is rising, and we believe that without
another revenue source serving bondholders, the company now is in a
post maturity phase. Further, if the negative trend and intensity
in subscriber losses continues, DISH DBS's financial flexibility
and debt capacity will decline ratably."

Moody's said, "Our downward rating trigger has been 5.0x
debt-to-EBITDA (including Moody's standard adjustments). After the
recent debt issue, leverage was around 4.5x pro forma for the Q1
results. With the slightly better financial results in Q2, leverage
will have dropped slightly from that level. If the subscriber trend
within the satellite pay TV operation continues, the leverage
capacity for the Ba3 CFR will decline in quarter increments
depending upon the rate of decline in subscribers unless or until
the loss rate declines and eventually stabilizes, if ever. So, at
this point we are lowering our rating downgrade trigger to 4.75x
debt-to-EBITDA (with Moody's standard adjustments). As the
company's leverage remains comfortably below this level, the
outlook currently remains stable. Also, if the company issues
additional debt outside of DISH DBS to fund spectrum purchases or
other non-recourse operations, Moody's will likely consider some
portion of those obligations as additional leverage if DISH DBS
cash flow is taxed to service that debt."


DIVINE RIPE: Frescos' Objection to Disclosure Statement Sustained
-----------------------------------------------------------------
Judge Eduardo V. Rodriguez sustained Frescos Tomver, S.A. DE C.V.'s
objection to the disclosure statement and denied Divine Ripe,
L.L.C.'s motion to appoint Saul Zuniga as designated representative
pursuant to Federal Bankruptcy Rule 9001(5)(A).

Frescos Tomver, an unsecured creditor, alleged that the debtor's
disclosure statement does not contain adequate information on
certain aspects of the debtor's plan of reorganization: information
on Marco Jimenez's financial capabilities and information about
certain aspects of the debtor.  In addition, Frescos Tomver
objected on the premise that the debtor's plan would be violative
of federal law.

On the other hand, the debtor sought the court's approval for the
debtor to appoint Saul Zuniga, an employee of the debtor, as the
designated representative.

Judge Rodriguez found that the debtor failed to provide adequate
information as to certain portions of the debtor's affairs and
failed to provide adequate information as to Jimenez, but did not
reach the merits of the legality of certain plan provisions relied
upon by the debtor that may serve as a bar to confirmation.

Judge Rodriguez also found Zuniga does not qualify as an "other
person in control," as contemplated by Fed. R. Bankr. P. 9001(5)
and Tex. Bus. Orgs. Code section 101.251-254, such that Zuniga may
be appointed debtor's representative.

A full-text copy of Judge Rodriguez's July 21, 2016 memorandum
opinion is available at
http://bankrupt.com/misc/txsb15-70405-140.pdf

The bankruptcy case is captioned IN RE: DIVINE RIPE, L.L.C. Debtor,
CASE NO. 15-70405 (Bankr. S.D. Tex.).


DOLPHIN DIGITAL: To Hold "Say-on-Pay" Votes Triennially
-------------------------------------------------------
Dolphin Digital Media, Inc., filed with the Securities and Exchange
Commission an amended Current Report on Form 8-K/A which updates
information disclosed in a Current Report on Form 8-K filed on Feb.
25, 2016, relating to Dolphin Digital's 2015 Annual Meeting of
Shareholders held on Feb. 22, 2016.  The sole purpose of the
Amendment is to disclose the Company's decision regarding how
frequently it will conduct future advisory votes on executive
compensation.

At the Annual Meeting, the Company's shareholders voted to hold a
say-on-pay vote every three years.  Based on these results, the
Company has determined that it will hold say-on-pay votes every
three years until the next required advisory vote on the frequency
of say-on-pay votes occurs or until the Company otherwise
determines that a different frequency for say-on-pay votes is in
the best interests of the shareholders.  The next required advisory
vote on the frequency will occur no later than 2022.
  
                   About Dolphin Digital

Coral Gables, Florida-based Dolphin Digital Media, Inc., is
dedicated to the twin causes of online safety for children and
high quality digital entertainment.  By creating and managing
child-friendly social networking websites utilizing state-of the-
art fingerprint identification technology, Dolphin Digital Media,
Inc. has taken an industry-leading position with respect to
internet safety, as well as digital entertainment.

Dolphin Digital reported a net loss of $4.05 million on $2.99
million of total revenue for the year ended Dec. 31, 2015, compared
to a net loss of $1.87 million on $2.07 million of total revenue
for the year ended Dec. 31, 2014.

As of March 31, 2016, Dolphin Digital had $20.71 million in total
assets, $46.72 million in total liabilities and a total
stockholders' deficit of $26 million.

BDO USA, LLP, in Miami, Florida, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2015, citing that the Company has suffered recurring
losses from operations, negative cash flows from operations, and
does not have sufficient working capital.  These events raise
substantial doubt about the Company's ability to continue as a
going concern.


DRAGONWAVE INC: Reports $4.04-Mil. Net Loss in Qtr. Ended May 31
----------------------------------------------------------------
DragonWave Inc. filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 6-K for the three-months
ended May 31, 2016.

The Company reported a net loss of $4.04 million on $12.54 million
of total revenues for the period, compared to a net loss of $5.82
million on $26.34 million of total revenues for the same period in
2015.

The Company's balance sheet at May 31, 2016, showed $48.42 million
in total assets, $45.17 million in total liabilities, and total
equity of $3.24 million.

The Company remains in breach of the terms of its debt facility,
and is negotiating a new long term debt facility.  The continued
consumption of cash has raised substantial doubt about DragonWave
Inc.'s ability to continue as a going concern.  Management's plans
to restructure the business and overcome these difficulties include
initiatives in a number of areas which includes targeting its sales
efforts to direct and indirect opportunities in markets with higher
gross margins, and lower working capital requirements; adjusting
its business focus and resources away from Nokia in order to
support new sales channels; renegotiating the terms of existing
debt facilities; continuing to minimize fixed and variable
operating expenses, by tightly controlling discretionary spending
and headcount growth; actively investigating and pursuing
alternative forms of financing; reducing inventory levels in both
raw material and finished goods inventory; and working closely with
vendors to ensure supply continuity.

A copy of the Form 6-K is available at:
                              
                       https://is.gd/dcrT4M

                         About DragonWave

DragonWave(R) -- http://www.dragonwaveinc.com-- is a provider of
high-capacity packet microwave solutions that drive next-generation
IP networks.  DragonWave's carrier-grade point-to-point packet
microwave systems transmit broadband voice, video and data,
enabling service providers, government agencies, enterprises and
other organizations to meet their increasing bandwidth requirements
rapidly and affordably.  The principal application of DragonWave's
portfolio is wireless network backhaul, including a range of
products ideally suited to support the emergence of underlying
small cell networks.  Additional solutions include leased line
replacement, last mile fiber extension and enterprise networks.
DragonWave's corporate headquarters is located in Ottawa, Ontario,
with sales locations in Europe, Asia, the Middle East and North
America.



ELITE PHARMACEUTICALS: Conference Call Held to Discuss FDA CRL
--------------------------------------------------------------
As reported in a Current Report on Form 8-K filed with the SEC on
July 15, 2016, on July 15, 2016, Elite Pharmaceuticals, Inc.,
announced that the U.S. Food and Drug Administration issued a
Complete Response Letter regarding the New Drug Application, or
NDA, for SequestOx (oxycodone hydrochloride and naltrexone
hydrochloride), Elite's investigational abuse-deterrent opioid
candidate for the management of moderate to severe acute pain where
the use of an opioid analgesic is appropriate.  The CRL indicated
that the review cycle for the SequestOx NDA is complete and the
application is not ready for approval in its present form.

On July 18, 2016, Elite held a conference call to provide more
detail about the CRL.  A copy of the transcript of that call is
available for free at https://is.gd/qyByFE

                   About Elite Pharmaceuticals

Northvale, New Jersey-based Elite Pharmaceuticals, Inc., is a
specialty pharmaceutical company principally engaged in the
development and manufacture of oral, controlled-release products,
using proprietary technology and the development and manufacture
of generic pharmaceuticals.  The Company has one product,
Phentermine 37.5mg tablets, currently being sold commercially.

Elite reported net income attributable to common shareholders of
$28.9 million on $5 million of total revenues for the year ended
March 31, 2015, compared to a net loss attributable to common
shareholders of $96.5 million on $4.6 million of total revenues for
the year ended March 31, 2014.

As of Dec. 31, 2015, the Company had $27.1 million in total
assets, $29.2 million in total liabilities, $58.4 million in
convertible preferred shares and a $60.5 million total
stockholders' deficit.


ELK CREEK: Can Use up to $10K in Cash for Daily Expenses
--------------------------------------------------------
Judge Laura T. Beyer of the U.S. Bankruptcy Court for the Western
District of North Carolina, authorized Elk Creek International,
Inc., to use cash collateral on an interim basis.

Judge Beyer authorized the Debtor to use cash collateral to meet
payroll, to pay other customary and necessary day to day expenses
to operate its business, and to prevent immediate and irreparable
harm to the estate.  She limited the Debtor's use of Cash
Collateral to the sum of $10,000.

The Debtor contended that secured creditors Yadkin Bank and
Export-Import Bank of the United States, may assert a perfected
security interest in the cash collateral.

Judge Beyer granted Yadkin Bank and Export-Import Bank replacement
liens upon all post-petition assets of the Debtor of the same
character and type, and to the same extent and validity, as the
liens and ecumbrances of the Secured Creditors attached to the
Debtors' assets pre-petition.  She also directed to Debtor to make
weekly reports to the Secured Creditors and the U.S. Bankruptcy
Administrator regarding the use of cash, aging of accounts
receivable, revenues and expenses, beginning on July 15, 2016.

A full-text copy of the Order, dated July 21, 2016, is available at
https://is.gd/p4P1bT

             About Elk Creek International, Inc.

Elk Creek International, Inc., fdba Elk Creek Lumber Inc., fdba Elk
Creek Properties, LLC, sought protection under Chapter 11 (Bankr.
W.D.N.C. Case No. 16-50423) on July 5, 2016.  The petition was
signed by David M. Blair, president.  The Debtor is represented by
James H. Henderson, Esq., at The Henderson Law Firm.  The case is
assigned to Judge Laura T. Beyer.  The Debtor estimated assets of
$0 to $50,000 and debts of $1 million to $10 million at the time of
the filing.


EMPIRE RESORTS: James Simon Resigns as Director
-----------------------------------------------
Mr. James Simon informed Empire Resorts, Inc., on July 19, 2016, of
his decision to resign from the Company's Board of Directors,
effective immediately, as disclosed in a Form 8K report filed with
the Securities and Exchange Commission.  Mr. Simon's resignation
was due to personal health reasons and not due to any disagreement
with the Company.  Mr. Simon served as a director of the Company
since August 2007 and also served on the Company's Audit Committee,
Compensation Committee and Regulatory Compliance Committee.

                     About Empire Resorts

Based in Monticello, New York, Empire Resorts, Inc. (NASDAQ: NYNY)
-- http://www.empireresorts.com/-- owns and operates Monticello
Casino & Raceway, a video gaming machine and harness racing track
and casino located in Monticello, New York, 90 miles northwest of
New York City.

Empire Resorts reported a net loss applicable to common
shareholders of $36.8 million on $68.2 million of net revenues for
the year ended Dec. 31, 2015, compared to a net loss applicable to
common shareholders of $24.1 million on $65.2 million of net
revenues for the year ended Dec. 31, 2014.

As of March 31, 2016, Empire Resorts had $334.73 million in total
assets, $37.69 million in total liabilities and $297.04 million in
total stockholders' equity.


ENOR CORP: Committee Seeks to Hire Saul Ewing as Legal Counsel
--------------------------------------------------------------
The official committee of unsecured creditors of Enor Corp. seeks
approval from the U.S. Bankruptcy Court for the District of New
Jersey to hire Saul Ewing LLP as its legal counsel.

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

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

     (b) assist and advise the Committee in its consultations with

         the Debtor relative to the administration of the case;

     (c) assist the committee in analyzing the claims of creditors
        
         and the Debtor's capital structure, and in negotiating
         with holders of claims and equity interests;

     (d) assist the committee in investigating of the acts,
         conduct, assets, liabilities, financial condition and
         business operation of the Debtor;

     (e) assist the committee in its analysis of, and negotiations

         with, the Debtor or any third party concerning matters
         related to asset disposition, financing, and the terms of

         a plan of reorganization;

     (f) assist and advise the committee as to its communications
         to unsecured creditors;

     (g) review and analyze applications, orders, statements of
         operations and schedules filed with the court, and advise

         the committee as to their propriety;

     (h) prepare legal papers and represent the committee at
         hearings and other proceedings.

The firm's professionals and their hourly rates are:

     Partners              $395 - $925
     Special Counsel       $350 - $575
     Associates            $250 - $410
     Paraprofessionals     $190 - $325

Sharon Levine, Esq, a partner at Saul Ewing, disclosed in a court
filing that the firm is a "disinterested person" as defined in
section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Sharon L. Levine, Esq.
     Dipesh Patel, Esq.
     Saul Ewing LLP
     One Riverfront Plaza, Suite 1520
     1037 Raymond Boulevard
     Newark, NJ 07102
     Tel: (973) 286-6713

                          About Enor Corp

Enor Corporation is a plastics manufacturer that originally focused
on the production of protective plastic sleeves and packaging for
use in hobbies, photographic storage and the storage of collectible
items.  Enor operated out of two facilities, one in New Jersey and
one in South Carolina, which are owned by affiliates.

Enor Corporation sought Chapter 11 protection (Bankr. D.N.J. Case
No. 15-32714) on Dec. 2, 2015.  Judge Vincent F. Papalia is
assigned to the case.  The petition was signed by Steven Udwin,
director.

The Debtor disclosed assets of $248,659 and $5.20 million in debt.

Jeffrey A. Cooper, Esq., at Rabinowitz, Lubetkin & Tully, LLC,
serves as the Debtor's counsel.

On Dec. 18, 2015, the U.S. Trustee's office established an official
committee of unsecured creditors.  On April 4, 2016, the Court
entered an order authorizing the Committee to retain B. Riley &
Co., LLC, as financial advisors.

No trustee has been appointed in the Chapter 11 case.


ENTERPRISE CLOUDWORKS: Wants Immediate Use of Cash Collateral
-------------------------------------------------------------
Enterprise Cloudworks, Incorporated asks the U.S. Bankruptcy Court
for the Eastern District of Pennsylvania for authorization to use
cash collateral.

The Debtor is indebted to R&F International Holdings, LLC in the
amount of $769,468, excluding accrued interest and reasonable
counsel fees, as of the Petition Date.

The Debtor relates that it has been in discussions with R&F
International Holdings to reach a consensual agreement on the
Debtor's use of cash collateral, adequate protection to be afforded
to R&F International Holdings after the Petition Date and to obtain
post-petition financing.  The Debtor further relates that in the
event no agreement is reached, it is requesting that the Court
authorize the use of cash collateral.

The Debtor tells the Court that in the normal course of its
business, it incurs obligations to suppliers for a variety of goods
and services, and their employees, which are essential to the
continued existence of the Debtor as a going concern.  The Debtor
further tells the Court that without the immediate authority to use
its cash, the Debtor does not have the funds with which to conduct
business.

The Debtor says that it is currently preparing a budget for its
projected cash receipts and disbursements which will be submitted
before the hearing on its Motion.

A full-text copy of Debtor's Motion, dated July 22, 2016, is
available at https://is.gd/9xHi4C

Enterprise Cloudworks, Incorporated is represented by:

          Aris J. Karalis, Esq.
          Robert W. Seitzer, Esq.
          MASCHMEYER KARALIS P.C.
          1900 Spruce Street
          Philadelphia, PA 19103
          Telephone: (215) 546-4500
          Email: AKaralis@cmklaw.com
                 RSeitzer@cmklaw.com

               About Enterprise Cloudworks, Incorporated

Enterprise Cloudworks, Incorporated filed a chapter 11 petition
(Bankr. E.D. Pa. Case No. 16-15198(SR)) on July 22, 2016.  The
Debtor is represented by Aris J. Karalis, Esq. and Robert W.
Seitzer, at Maschmeyer Karalis, P.C., in Philadelphia.



ESML HOLDINGS: U.S. Trustee Forms 3-Member Committee
----------------------------------------------------
Andrew Vara, acting U.S. trustee for Region 3, on July 20 appointed
three creditors to serve on the official committee of unsecured
creditors of ESML Holdings, Inc. and its affiliates.

The committee members are:

     (1) Axis Capital, Inc.
         Attn: Andrea Zana
         c/o Amur Finance Company, Inc.
         One North Lexington Ave, Suite 1101
         White Plains, NY 10601
         Phone: 212-893-8864

     (2) ArcelorMittal USA, LLC
         Attn: Eric Knorr
         3300 Dickey Road
         East Chicago, IN 46312
         Phone: 219-399-1200

     (3) FLSmidth USA, Inc.
         Attn: Mark Taylor
         7158 South FLSmidth Drive
         Midvale, Utah 84047
         Phone: 801-871-7240

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

                        About ESML Holdings

ESML Holdings Inc. and Essar Steel Minnesota LLC sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Lead Case
No. 16-11626) on July 8, 2016.  The petition was signed by Madhu
Vuppuluri, president and chief executive officer.  

The cases are assigned to Judge Brendan Linehan Shannon.  The
Debtors tapped Fox Rothschild LLP as local counsel, and Guggenheim
Securities, Inc. as investment banker.

At the time of the filing, ESML Holdings estimated its assets at $1
billion to $10 billion and debts at $500 million to $1 billion.
Essar Steel estimated its assets and debts at $1 billion to $10
billion.


ESS AUTOMOTIVE: Wants Authorization to Use IRS Cash Collateral
--------------------------------------------------------------
ESS Automotive, Inc. asks the U.S. Bankruptcy Court for the
Northern District of Ohio for authorization to use cash
collateral.

The Debtor relates that the cash collateral consists of payments
which it receives from its customers.

The Debtor names the Internal Revenue Service as the only entity
having an interest in the cash collateral.  It proposes to make
monthly adequate protection payments to the IRS in the amount of
$1,934, beginning on September 1, 2016.

The Debtor says that it needs to use the cash collateral in order
to operate its business, purchase inventory and supplies, pay for
utilities and otherwise meet the needs of its customers.

A full-text copy of Debtor's Motion, dated July 21, 2016, is
available at https://is.gd/PXKI3Y

ESS Automotive, Inc. is represented by:

          Glenn E. Forbes, Esq.
          FORBES LAW LLC
          166 Main Street
          Painesville, OH 44077
          Telephone: (440) 357-6211

                   About ESS Automotive, Inc.

ESS Automotive, Inc. filed a chapter 11 petition (Bankr. N.D. Ohio
Case No. 13-14658) on June 29, 2013.  The Debtor is represented by
Glenn E. Forbes, Esq., at Forbes Law LLC.  The case is assigned to
Judge Harris.


ESSAR STEEL MINNESOTA: Hires Fox Rothschild as Co-counsel
---------------------------------------------------------
Essar Steel Minnesota LLC and ESML Holdings Inc., seek authority
from the U.S. Bankruptcy Court for the District of Delaware to
employ Fox Rothschild LLP as co-counsel to the Debtors, nunc pro
tunc to July 8, 2016.

Essar Steel Minnesota requires Fox Rothschild to:

   a. take all necessary actions to protect and preserve the
      estates of the Debtors, including the prosecution of
      actions on the Debtors' behalf, the defense of any actions
      commenced against the Debtors, the negotiation of disputes
      in which the Debtors are involved, and, if necessary, the
      preparation of objections to claims filed against the
      Debtor's estates;

   b. provide legal advice with respect to the Debtors' powers
      and duties as debtors in possession in the continued
      operation of their businesses and management of their
      properties;

   c. negotiate, prepare and pursue confirmation of a plan and
      approval of a disclosure statement;

   d. prepare on behalf of the Debtors, as debtors in possession,
      necessary motions, applications, answers, orders, reports
      and other legal papers in connection with the
      administration of the Debtors' estates;

   e. appear in court to protect the interests of the Debtors
      before the court;

   f. assist with any disposition of the Debtors' assets, by sale
      or otherwise;

   g. perform all other legal services in connection with the
      chapter 11 cases as may reasonably be required; and

   h. serve as conflicts counsel, if necessary.

Fox Rothschild will be paid at these hourly rates:

     Jeffrey M. Schlerf           $700
     Partners                     $330-$895
     Associates                   $195-$510
     Paraprofessionals            $135-$370

Fox Rothschild will be paid a retainer in the amount of $20,000.

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

Jeffrey M. Schlerf, partner at Fox Rothschild LLP, assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtors and their estates.

Fox Rothschild can be reached at:

     Jeffrey M. Schlerf, Esq.
     FOX ROTHSCHILD LLP
     Citizens Bank Center, Suite 300
     919 North Market Street
     Wilmington, DE 19899-2323
     Tel: (302) 654-7444
     Fax: (302) 656-8920
     E-mail: jschlerf@foxrothschild.com

                      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 Debtors are 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 cases are 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.


EUROTECH CABINETS: Can Use IRS Cash Collateral Up To December 31
----------------------------------------------------------------
Judge Peter H. Carroll of the U.S. Bankruptcy Court for the Central
District of California authorized Eurotech Cabinets, Inc. to use
cash collateral, pursuant to the stipulation between the Debtor and
the Internal Revenue Service.

The IRS contended that the Debtor owed it $280,921.72 in delinquent
payroll taxes and $115,217.05 in other liabilities that are
secured.  The IRS further contended that the cash proceeds of the
Debtor's operations is cash collateral.

The Debtor was authorized to use cash collateral in the ordinary
course of business until December 31, 2016.

The Debtor was directed to make monthly payments, in the amount of
$6,602.31, to the IRS beginning on August 1, 2016.  Of the said
amount, $3,301.31 will be credited by the IRS to the Trust Fund
portion of FICA for the quarter ending on December 31, 2009, until
it is paid in full.  Once the trust fund portion of FICA for the
quarter ending on December 31, 2009 is paid in full, the remaining
funds from the first half of the payment will be credited to the
IRS' secured claim and interest thereon, at the IRS' discretion.

The Debtor granted the IRS a replacement lien on post-petition cash
and cash equivalents, inventory, accounts receivable, equipment,
and contract rights, which are the same type of assets that secure
the IRS' pre-petition tax liens.

A full-text copy of the Order, dated July 22, 2016, is available at
https://is.gd/SlaEkD

                     About Eurotech Cabinets, Inc.

Eurotech Cabinets, Inc., based in Oxnard, CA, filed a Chapter 11
petition (Bankr. C.D. Cal. Case No. 16-11257) on July 3, 2016. The
Hon. Peter Carroll presides over the case. John D Faucher, Esq., at
Faucher & Associates, as bankruptcy counsel.

In its petition, the Debtor disclosed $115,217 to $1.78 million in
both assets and liabilities. The petition was signed by Michael
Leach, president.


EUROTECH CABINETS: Can Use State Cash Collateral Through Dec. 31
----------------------------------------------------------------
Judge Peter H. Carroll of the U.S. Bankruptcy Court for the Central
District of California authorized Eurotech Cabinets, Inc. to use
cash collateral, pursuant to a Stipulation executed by the Debtor
and the California Employment Development Department.

The Debtor owes $28,473.41 in delinquent payroll taxes, subject to
priority treatment.  The California Employment Development
Department has filed notices of state tax liens covering more than
$26,000 of this liability, and believes that cash proceeds of the
Debtors' operations is cash collateral.

The Debtor believes that the expenses listed in its Budget must be
paid in order to avoid significant and irreparable harm to its
business.  The Stipulation authorizes the Debtor to use cash
collateral in the ordinary course of business from the Petition
date through December 31, 2016.  

The Stipulation provides that by August 1, 2016, and on or before
the first day of each following month, the Debtor shall make
monthly payments to the California Employment Development
Department in the amount of $511.64, representing principal and
interest at 3%.  Such payments will be designated to pay the
Debtor's payroll tax obligations in chronological order.  

A full-text copy of the Order, dated July 21, 2016, is available at
https://is.gd/yxVoxY

                About Eurotech Cabinets, Inc.

Eurotech Cabinets, Inc., based in Oxnard, CA, filed a Chapter 11
petition (Bankr. C.D. Cal. Case No. 16-11257) on July 3, 2016. The
Hon. Peter Carroll presides over the case. John D Faucher, Esq., at
Faucher & Associates, as bankruptcy counsel.  The Debtor disclosed
$115,217 in assets and $1.78 million in liabilities at the time of
the filing.  The petition was signed by Michael Leach, president.


FAIRFIELD SHOPPING: Court Narrows Claims in ASI Suit
----------------------------------------------------
Judge Staci G. Cornelius of the United States District Court for
the Northern District of Alabama, Southern Division, granted in
part and denied in part the plaintiff American Safety Indemnity
Company's motion to exclude certain testimony from defendant GE
Commercial Finance Business Property Corporation's designated
experts.  The judge also granted in part and denied in part ASI's
motion for summary judgment.  Lastly, Judge Cornelius denied GE's
motion to strike ASI's reply brief.

The action involves a dispute over insurance coverage for damage to
a vacant commercial building in Fairfield, Alabama.  ASI issued an
insurance policy for the property at issue, and GE, the mortgagee
of the property, filed an insurance claim with ASI for
approximately $3.5 million in alleged losses caused by theft and
vandalism at the property.

ASI asked the court to declare there is no coverage under the
insurance policy for GE's claim or for a claim brought by the
defendant Fairfield Shopping Center, LLC (FSC), the owner of the
property.  GE asserted counterclaims against ASI for breach of the
insurance contract and bad faith based on ASI's failure to pay its
claim.  ASI moved for summary judgment pursuant to Federal Rule of
Civil Procedure 56 on its claims for declaratory judgment against
FSC and GE and also on GE's counterclaims.  ASI also moved to
exclude certain testimony from GE's designated experts, and GE
moved to strike ASI's reply brief.

Judge Cornelius denied GE's motion to strike.  The judge also
denied ASI's motion to exclude as to the allegedly undisclosed
opinion the roof deteriorated beyond repair over the course of two
months following November 20, 2010.  The balance of ASI's motion to
exclude was granted.  Accordingly, GE's experts, Darrell Varnado
and Roddy Jerkins, who prepared an estimate of the losses at the
property, cannot offer the following opinions at trial:

          (1) thieves or vandals accessed and caused damage to
              the interior of the building at the Property during
              the Policy Period;

          (2) the value of the loss attributable to the
              electrical components stolen or vandalized in the
              interior of the building at the Property;

          (3) the Property's roof membrane was damaged when
              thieves drug sharp metal pieces across it;

          (4) the value of the loss attributable to the HVAC
              units damaged at the Property; and

          (5) HVAC units at the Property were subject to theft or  
            
              vandalism during the Policy Period.

Judge Cornelius granted ASI's motion for summary judgment with
respect to FSC and GE's counterclaim for bad faith.  The judge held
that ASI is entitled to a declaration there is no coverage under
the Policy for a claim by FSC, and GE's counterclaim for bad faith
is due to be dismissed with prejudice.

Finally, Judge Cornelius denied ASI's motion for summary judgment
with respect to its claims against GE and GE's counterclaim for
breach of contract, and these claims will proceed.

A full-text copy of Judge Cornelius' July 18, 2016 memorandum
opinion and order is available at https://is.gd/XAgfUy from
Leagle.com.

The case is AMERICAN SAFETY INDEMNITY COMPANY, Plaintiff, v.
FAIRFIELD SHOPPING CENTER, LLC, et al., Defendants, Case No.
2:12-cv-02415-SGC (N.D. Ala.).

American Safety Indemnity Company is represented by:

          William M. Davis, Esq.
          Steven J. Kyle, Esq.
          BOVIS KYLE BURCH & MEDLIN LLC
          200 Ashford Center North, Suite 500
          Atlanta, GA 30338-2668
          Tel: (770)391-9100
          Fax: (770)668-0878
          Email: wdavis@boviskyle.com
                 kyle@boviskyle.com

            -- and --

          James R. Bussian, Esq.
          MAYNARD COOPER & GALE PC
          1901 Sixth Avenue North
          Regions Harbert Plaza, Suite 2400
          Birmingham, AL 35203
          Tel: (205)254-1000
          Email: jbussian@maynardcooper.com

Fairfield Shopping Center, LLC, GE Commercial Finance Business
Property Corp., ISAOA, Fairfield Shopping Center, LLC, GE
Commercial Finance Business Property Corp., ISAOA, are represented
by:

          Stephen A. Rowe, Esq.
          Aaron G. McLeod, Esq.
          ADAMS & REESE LLP
          Regions Harbert Plaza
          1901 6th Avenue North, Suite 3000
          Birmingham, AL 35203
          Tel: (205)250-5000
          Fax: (205)250-5034
          Email: steve.rowe@arlaw.com
                 aaron.mcleod@arlaw.com


FAR WESTERN GRAPHICS: Voluntary Chapter 11 Case Summary
-------------------------------------------------------
Debtor: Far Western Graphics, Inc.
           aka Denevi Digital
           aka FWG/Print Solution
           aka Denevi Digital
           aka FWG/Print Solution
        1105 Kern Avenue
        Sunnyvale, CA 94085

Case No.: 16-52108

Chapter 11 Petition Date: July 21, 2016

Court: United States Bankruptcy Court
       Northern District of California (San Jose)

Judge: Hon. Stephen L. Johnson

Debtor's Counsel: Lars T. Fuller, Esq.
                  THE FULLER LAW FIRM, PC
                  60 N Keeble Ave.
                  San Jose, CA 95126
                  Tel: (408) 295-5595
                  E-mail: Fullerlawfirmecf@aol.com
                          lars.fullerlaw@gmail.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Serena Dawn Motekaitis, chief executive
officer.

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


FLORIDA MOVING: Seeks to Hire IZ Forensics as Accountant
--------------------------------------------------------
Florida Moving & Storage Inc. seeks approval from the U.S.
Bankruptcy Court for the Southern District of Florida to hire IZ
Forensics LLC as its accountant.

The services to be provided by the firm include the filing of the
Debtor's tax returns and the preparation of its financial
statements and monthly operating reports.

IZ Forensics will bill the Debtor for actual hours spent based on
these hourly rates:

     Bookkeeping Tasks       $65
     Month End Close         $90
     Financial Statement     $90
       Preparation

Scott Karp, a certified public accountant employed by IZ Forensics,
disclosed in a court filing that the firm does not hold or
represent any interest adverse to the Debtor's estate.

The firm can be reached through:

     Scott R. Karp, CPA
     IZ Forensics LLC
     1801 N. Military Trail, Suite 160
     Boca Raton, Florida 33431

                      About Florida Moving

Florida Moving & Storage Inc. sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. S. D. Fla. Case No. 16-19652) on July
11, 2016.  The Debtor is represented by Chad T. Van Horn, Esq., at
Van Horn Law Group Inc.


FNB CORP: Moody's Continues to Review Ba2 Rating for Upgrade
------------------------------------------------------------
Moody's Investors Service is continuing its review for upgrade of
F.N.B. Corporation (FNB) and its bank subsidiary following the
announcement by FNB that it has agreed to acquire unrated Yadkin
Financial Corporation in an all-stock transaction set to close in
the first quarter of 2017.

The ratings on review include FNB's Baa3 issuer rating, Baa3
subordinated debt rating and Ba2 (hyb) rating on noncumulative
preferred stock. At FNB's lead bank subsidiary, First National Bank
of Pennsylvania, the baa2 standalone baseline credit assessment, A3
long-term and Prime-2 short-term deposit ratings, and Baa1(cr)
counterparty risk assessment (CR assessment) also remain on review
for upgrade. The bank's Prime-2(cr) short-term CR assessment is not
on review for upgrade.

RATINGS RATIONALE

Moody's review for upgrade was initiated on May 31 to reflect
improvements in FNB's corporate governance as well as its
demonstrated capability in the integration of bank acquisitions. As
such, FNB's agreement to acquire another bank is broadly consistent
with its above-average acquisition appetite.

Nonetheless, the Yadkin transaction stands out for three reasons.
One, with $7.5 billion in total assets, Yadkin is FNB's largest
acquisition to date, it represents about 35% of FNB's size, and it
quickly follows the February 2016 purchase of Metro Bancorp, Inc.
Two, Yadkin's franchise, which is focused on North Carolina,
represents a significant geographic extension of FNB's franchise,
which has been focused on Pennsylvania and contiguous markets.
Third, Yadkin itself had an above-average acquisition appetite,
which Moody's believes heightens the risk of a due diligence
misstep since it is a relatively recent amalgamation of several
different North Carolina community banks.

These challenges, and the appropriateness of FNB's 3.6% credit mark
on Yadkin's loan portfolio, will be incorporated into Moody's
review process. While Moody's does not anticipate any integration
issues given FNB's strong integration track record, the challenges
identified above reduce the likelihood that FNB's ratings will be
upgraded at the conclusion of the review.

What Could Change the Rating -- UP

Moody's said, "To the extent we conclude that FNB's corporate
governance improvements will be sustained, its capital position
will not materially weaken, and the acquisition of Yadkin does not
meaningfully increase its risk profile, that could result in a
higher rating at the conclusion of our review."

What Could Change the Rating -- DOWN

Moody's could confirm FNB's ratings at their current level if it
concludes that the Yadkin acquisition has significantly increased
FNB's risk profile and/or if Moody's expects FNB to be aggressive
in the management of its capital position.


FOODSERVICEWAREHOUSE.COM: Has Until Sept. 16 to Use Cash
--------------------------------------------------------
Judge Elizabeth W. Magner of the U.S. Bankruptcy Court for the
Eastern District of Louisiana authorized FoodServiceWarehouse.com,
LLC to use cash collateral until the close of business on September
16, 2016.

IberiaBank and Pride, as subrogee to the rights of IberiaBank,
asserted that they are the holders of valid properly-perfected
liens on and security interests in substantially all of the
Debtor's assets, including the Debtor's cash collateral.  They
contended that the cash collateral consists of the cash proceeds
from the sale of the Debtor's inventory, as well as receivables,
rebates and incentive payments which the Debtor receives from its
manufacturers and/or from Pride, based on sales volume.

The Debtor tells the Court that Paymentech, LLC, its credit card
processor, may assert a secured right of setoff or other rights
against the Debtor's future post-petition credit card sale
proceeds, which proceeds will arise only through the continuing
post-petition sale of the Debtor's inventory subject to the lien on
IberiaBank and, by way of subrogation, Pride.

Judge Magner acknowledged that without the use of cash collateral,
the Debtor would not have sufficient available sources of cash to
continue to operate its business for the purpose of winding down
its affairs and liquidating its  assets in the most efficient
manner possible to maximize the value thereof for the benefit of
its creditors.

Judge Magner referred the prepetition liens of IberiaBank and
Pride, as subrogee, to the proceeds from the liquidation and sale
of the inventory remaining after payment of the expenses listed in
the approved Budget.  She directed the Debtor to retain a reserve
for working capital in the amount of $250,000, with any sums held
by the Debtor in excess of $250,000 reserve for working capital
paid over to Iberia, and upon payment in full, to Pride, beginning
with the week ending July 22, 2016, and on August 5, 2016, August
19 2016, September 2, 2016, and September 16, 2016.

The approved Budget forecasts expenses for the week beginning July
1, 2016 until the week beginning July 29, 2016.  The Budget
provides for total disbursements in the amount of $53,000 for the
week beginning July 22, 2016 and $340,268 for the week beginning
July 29, 2016.

Judge Mager authorized Carve-Out for any and all unpaid
expenditures authorized or made pursuant to an Approved Budget,
whether or not paid:

     (i) the paid and unpaid fees of the Clerk of the Bankruptcy
Court and the U.S. Trustee;

     (ii) the reasonable paid and unpaid fees, disbursements,
costs, and expenses incurred by the Debtor Professionals  and prior
to the Termination Date to the extent allowed by the Bankruptcy
Court, whether by interim order, procedural order or otherwise;

     (iii) the reasonable unpaid fees, disbursements, costs, and
expenses incurred prior to the Termination Date and in accordance
with the Approved Budget of professionals retained by the
Committee, if one is formed and all reasonable unpaid out-of-pocket
expenses of the members of the Committee, if one is formed, and
after the expiration of the Remedies Notice Period:

          (1) the sum of $75,000, in addition to any retainer then
held by such professional, for fees, disbursements, costs, and
expenses incurred by Heller Draper;

          (2) the sum of $25,000, in addition to any retainer then
held by such professional, for fees, disbursements, costs and
expenses incurred by R2 Advisors;

          (3) the sum of $25,000, in addition to any retainer then
held by such professional, for fees, disbursements, costs, and
expenses thereafter incurred by the Committee Professionals, if
any; and

          (4) subject to applicable law and obtaining the agreement
of IberiaBank, until paid in full, and Pride as subrogee, a payment
equal to one month’s salary to management of the Debtor who
remain employed until discharged by the Debtor.

A full-text copy of the Order, dated July 21, 2016, is available at
https://is.gd/FKNUtJ

             About FoodServiceWarehouse.com, LLC.

FoodServiceWarehouse.com, LLC sought protection under Chapter 11 of
the (Bankr. E.D. La. Case No. 16-11179) on May 20, 2016.  The
petition was signed by Thomas Kim, chief restructuring officer.
The Debtor tapped Barry W. Miller, Esq., at Heller, Draper,
Patrick, Horn & Dabney, L.L.C., as counsel; r2 Advisors, LLC as
financial advisor; HyperAMS, LLC, as liquidation consultant; and
Donlin, Recano & Company, Inc. as its claims, noticing and
solicitation agent. The case is assigned to Judge Elizabeth Magner.
The Debtor estimated its assets and liabilities in the range of
$10 million to $50 million at the time of the filing.



FORBES ENERGY: Moody's Cuts CFR to Ca, Outlook Neg.
---------------------------------------------------
Moody's Investors Service, downgraded Forbes Energy Services Ltd.'s
(Forbes) Corporate Family Rating (CFR) to Ca from Caa2, its
Probability of Default Rating to Ca-PD/LD from Caa2-PD, and its
senior unsecured rating to Ca from Caa3. Moody's also affirmed the
company's SGL-3 Speculative Grade Liquidity Rating. The ratings
outlook was changed to negative from stable.

"The downgrade of Forbes's CFR and senior notes ratings reflects
the increased likelihood of a near term restructuring following the
company's failure to make its scheduled June 15, 2016 interest
payment within the 30 day grace period and that the company had
entered into a forbearance agreement with its noteholders," noted
John Thieroff, Moody's Vice President. "The downgrade also
incorporates our expectation for recovery on the unsecured notes of
less than 50%." Moody's appended a limited default designation to
Forbes's PDR because the missed interest payment is deemed an event
of default. The "LD" designation will be removed from the PDR
within a few days.

-- Downgraded:

-- Corporate Family Rating, Downgraded to Ca from Caa2

-- Probability of Default Rating, Downgraded to Ca-PD/LD from
    Caa2-PD

-- Senior Unsecured Rating, Downgraded to Ca (LGD 4) from Caa3
    (LGD 4)

-- Outlook: Negative

-- Affirmed:

--  Speculative Grade Liquidity Rating, affirmed at SGL-3

RATINGS RATIONALE

The Ca Corporate Family Rating (CFR) reflects Forbes' weak cash
flow generation, driven by declining demand from upstream
exploration & production (E&P) companies, and elevated financial
leverage. The rating also incorporates the heightened potential for
a financial restructuring in the near term following the company's
announcement it had entered into a forbearance agreement with its
unsecured noteholders resulting from its failure to make its June
15, 2016 interest payment within the 30-day grace period. A
pronounced, protracted downturn in oil prices since late 2014 and
the resulting diminished demand for its services has materially
weakened Forbes' credit metrics. While Forbes's credit profile
benefits from the its low maintenance capital requirements, the
company's small scale and operational concentration are limiting
factors.

Moody's said, "The SGL-3 Speculative Grade Liquidity Rating
reflects our view of adequate liquidity through mid-2017. At March
31, Forbes had $78 million of balance sheet cash and $49 million of
availability under its $90 million secured borrowing base revolving
credit facility, net of $10.7 million posted letters of credit. The
facility contains a springing covenant, which becomes effective if
utilization exceeds $75 million. If initiated, the covenant would
require maintenance of a fixed charge ratio greater than 1.1x.
While we expect that Forbes will not be able to comply with the
covenant through mid-2017, the company is not expected to utilize
the facility to the extent the covenant would become effective. The
credit facility matures July 2018."

The negative outlook reflects the strong potential for a near-term
restructuring of Forbes's unsecured notes on distressed terms.
Ratings could be downgraded if Moody's view of recovery changes.
Although not expected, ratings could be upgraded if the risk of
restructuring abates.

Alice, Texas-based Forbes Energy Services Ltd. (Forbes) is an
independent oilfield services (OFS) company providing a wide range
of well site services to oil and natural gas exploration and
production companies to help develop and enhance production.
Forbes' broad range of end-to-end services include Well Servicing
and Fluid Logistics (62% and 38% of 2015 revenues, respectively.)
Total revenue for 2015 was $244 million.


FRYMIRE SERVICES: Cash Collateral Use Up to August 11 OK
--------------------------------------------------------
Judge Stacey G. Jernigan of the U.S. Bankruptcy Court for the
Northern District of Texas authorizes Frymire Services, Inc. to use
cash collateral on an interim basis.

The Debtor is indebted to Capital One, National Association for
$960,000 borrowed under a $1 million revolving line of credit
secured by non-Debtor-owned real estate, and $550,687.50 remaining
due under a $742,500 term loan secured by cash, accounts, and other
property.

The Debtor seeks authorization to use cash collateral to pay only
the ordinary and necessary operating expenses set forth in the
Budget for the period beginning on the Petition Date through August
11, 2016.

Judge Jernigan directed the Debtor to pay Capital One monthly
adequate protection payments in the amount of $13,500, beginning on
July 22, 2016.  She granted Capital One replacement liens that are
co-extensive with its pre-petition liens, in all currently owned or
after-acquired property and assets of the Debtor, of the same kind
or nature that Capital One had prepetition.

The approved 21-day Budget provides for total cash disbursements in
the amount of $870,666.

The final hearing on the Debtor's Motion is scheduled on August 10,
2016 at 9:30 a.m.

A full-text copy of Order, dated July 21, 2016, is available at
https://is.gd/qGA2q2

Capital One, National Association is represented by:

          Stewart Spielman, Esq.
          Steven Holmes, Esq.
          MCGLINCHEY STAFFORD
          301 Main Street, Suite 1400
          Baton Rouge, LA 70801
          Email: sspielman@mcglinchey.com
                 sholmes@mcglinchey.com

                     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.


FRYMIRE SERVICES: Taps Curtis Castillo as Legal Counsel
-------------------------------------------------------
Frymire Services, Inc. seeks approval from the U.S. Bankruptcy
Court for the Northern District of Texas to hire Curtis Castillo PC
as its legal counsel.

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

     (a) advise and consult with the Debtor concerning legal
         questions arising in administering, reorganizing or
         liquidating its estate;

     (b) assist in investigating the acts, conduct, assets and
         liabilities of the Debtor;

     (c) investigate and prosecute preference, fraudulent transfer

         and other causes of action;

     (d) take all necessary legal actions to preserve and protect
         the Debtor's estate; and

     (e) prepare legal papers and aid the Debtor in the
         reorganization process.

The firm's professionals and their hourly rates are:

     Clerk/Paralegal       $95 - $150
     Junior Associates    $175 - $375
     Associates           $175 - $375
     Senior Attorneys     $175 - $375
     Shareholders         $425 - $500

Mark Castillo, Esq., at Curtis Castillo, disclosed in a court
filing that the firm is "disinterested" as defined in section
101(14) of the Bankruptcy Code.

The firm can be reached through:

     Mark A. Castillo, Esq.
     Joshua L. Shepherd, Esq.
     Bryan C. Assink, Esq.
     Curtis Castillo PC
     901 Main Street, Suite 6515
     Dallas, Texas 75202
     Tel: 214-752-2222
     Fax: 214-752-0709

                     About Frymire Services

Frymire Services, Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N. D. Texas Case No. 16-32814) on July 15,
2016.  The petition was signed by George R. Frymire, president.  

The case is assigned to Judge Stacey G. Jernigan.

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


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.


GCC-COURTYARD: Authorized to Use Cash Collateral Through August
---------------------------------------------------------------
Judge Laura T. Beyer of the U.S. Bankruptcy Court for the Western
District of North Carolina entered an Eighth Cash Collateral Order
authorizing GCC-Courtyard, LLC to use cash collateral through Aug.
2016.

The Court had previously authorized the Debtor to use cash
collateral through June 29, with the consent of secured lender
Fannie Mae, as assignee of Arbor Commercial Funding, LLC.

Judge Beyer allowed the Debtor to use cash collateral only for
ordinary and necessary business expenses.

The approved monthly Budget projects expenses for the months of
July and August 2016, as well as for subsequent months.  The Budget
provides for operating expenses in the amount of $63,315.25 for the
month of July; $63,271.86 for the month of August; and $38,271.86
for subsequent months.  The Budget also provides for Professional
Fee Carve-out in the amount of $35,043.39 for the month of July;
$35,000 for the month of August; and, $10,000 for subsequent
months.

Judge Beyer granted Fannie Mae a valid, perfected and continuing
security interest in, and lien upon all post-petition assets of the
Debtor, to the same extend and validity as the liens and
encumbrances attached to the Debtor's assets pre-petition.

Judge Beyer directed the Debtor to make monthly adequate protection
payments to Fannie Mae in the amount of $9,236.86.

A full-text copy of the Order, dated July 20, 2016, is available at
https://is.gd/zjfedR

                About GCC-Courtyard, LLC.

GCC-Courtyard, LLC filed a chapter 11 petition (Bankr. W.D.N.C.
Case No. 15-31902) on Dec. 1, 2015.  The petition was signed by
George W. Courlas, manager.  The Debtor is represented by Richard
S. Wright, Esq., at Moon Wright & Houston, PLLC.  The case is
assigned to Judge Craig Whitley.  The Debtor estimated total assets
at $0 to $50,000 and total debts at $1 million to $10 million.


GCC-LANDINGS: Authorized to Use Cash Collateral Through August
--------------------------------------------------------------
Judge Laura T. Beyer of the U.S. Bankruptcy Court for the Western
District of North Carolina entered an Eighth Cash Collateral Order
authorizing GCC-Landings, LLC to use cash collateral through Aug.
2016.  

Judge Beyer authorized the Debtor to use cash collateral in the
ordinary course of business for expenses specified in the Budget.

The approved monthly Budget projects expenses for the months of
July and August 2016, as well as for subsequent months.  The Budget
provides for operating expenses in the amount of $95,922.38 for the
month of July; $96,106.60 for the month of August; and $66,106.60
for subsequent months.  The Budget also provides for Professional
Fee Carve-out in the amount of $39,815.78 for the month of July;
$40,000 for the month of August; and, $10,000 for subsequent
months.

Judge Beyer ordered the Debtor to make monthly adequate protection
payments to secured lender Fannie Mae, as assignee of Arbor
Commercial Funding, in the amount of $15,819.60.

Judge Beyer granted Fannie Mae a valid, perfected and continuing
security interest in, and lien upon all post-petition assets of the
Debtor, to the same extend and validity as the liens and
encumbrances attached to the Debtor's assets pre-petition.

A full-text copy of the Order, dated July 20, 2016, is available at
https://is.gd/l9NAKk

                     About GCC-Landings, LLC.           

GCC-Landings, LLC filed a chapter 11 petition (Bankr. W.D.N.C. Case
No. 15-31903) on Dec. 1, 2015.  The petition was signed by George
W. Courlas, Manager.  The Debtor is represented by Richard S.
Wright, Esq., at Moon Wright & Houston, PLLC.  The case is assigned
to Judge Laura T. Beyer.  The Debtor estimated total assets at $0
to $50,000 and total debts at $1 million to $10 million at the time
of the filing.


GCC-SHARON RIDGE: Court OKs Cash Collateral Use Through August
--------------------------------------------------------------
Judge Laura T. Beyer of the U.S. Bankruptcy Court for the Western
District of North Carolina entered an Eighth Cash Collateral Order
authorizing GCC-Sharon Ridge, LLC to use cash collateral through
August 2016.  The Court had previously authorized the Debtor to use
cash collateral through June 29, with the consent of secured lender
Fannie Mae, as assignee of Arbor Commercial Funding, LLC.

Judge Beyer allowed the Debtor to use cash collateral only for
ordinary and necessary business expenses.

The approved monthly Budget projects expenses for the months of
July and August 2016, as well as for subsequent months.  The Budget
provides for operating expenses in the amount of $84,795 for the
month of July; $84,301.51 for the month of August; and $49,301.51
for subsequent months.  The Budget also provides for Professional
Fee Carveout in the amount of $45,493.49 for the month of July;
$45,000 for the month of August; and, $10,000 for subsequent
months.

Judge Beyer granted Fannie Mae a valid, perfected and continuing
security interest in, and lien upon all post-petition assets of the
Debtor, to the same extend and validity as the liens and
encumbrances attached to the Debtor's assets pre-petition.

Judge Beyer directed the Debtor to make monthly adequate protection
payments to Fannie Mae in the amount of $11,977.29.

A full-text copy of the Order, dated July 20, 2016, is available at
https://is.gd/WE2QDn

                  About GCC-Sharon Ridge, LLC.

GCC-Sharonridge, LLC filed a chapter 11 petition (Bankr. W.D.N.C.
Case No. 15-31904) on Dec. 1, 2015.  The petition was signed by
George W. Courlas, manager.  The Debtor is represented by Richard
S. Wright, Esq., at Moon Wright & Houston, PLLC.  The case is
assigned to Judge Laura T. Beyer.  The Debtor estimated total
assets at $0 to $50,000 and total debts at $1 million to $10
million at the time of the filing.


GINGER OIL: Court Approves DIP Financing on a Final Basis
---------------------------------------------------------
Judge Marvin Isgur issued a Final Order authorizing Ginger Oil
Company to obtain post-petition financing from its parent
corporation, Ginger Oil AB.  

Ginger Oil AB had agreed to provide the Debtor with post-petition
DIP Financing.  Independent Bank, the Debtor's primary secured
creditor, had consented to the DIP Financing.

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

     (a) Borrowing Mechanics:  DIP Lender shall provide
post-petition financing to the Debtor in an aggregate amount not to
exceed $500,000.  The initial draw of $290,000 has been approved by
the DIP Lender.  Additional draws will be made as needed for the
Debtor to make expenditures set forth in the DIP Budget.

     (b) DIP Lender's Expenses: Reasonable legal and professional
fees and expenses of DIP Lender, not to exceed $50,000, shall be
paid by the Debtor and charged to the DIP Facility and/or paid by
Ginger Oil AB.

     (c) Non-Default Interest Rate: 8% per annum; payable on a
monthly basis within 30 days of billing by the DIP Lender.

     (d) Default Interest Rate: The default interest rate is equal
to the non-default interest rate plus 2%.

     (e) Use of Proceeds: The proceeds of the DIP Financing shall
be used in accordance with the budget approved by the DIP Lender,
Independent Bank, and the Debtor.  The proceeds may also be used to
pay the DIP Lender's ongoing reasonable legal and other
professional fees, the Debtor's legal fees and expenses as approved
by the Court, and U.S. Trustee fees and court costs.

     (f) Maturity: Unless terminated sooner on account of a DIP
Termination Event, the DIP Facility shall mature on the Effective
Date of the Plan.  If the DIP Facility is terminated prior to the
Plan Effective Date on account of a DIP Termination Event, all
unpaid interest and principal shall become immediately due and
payable, without further notice or demand, on the date of such
termination.

The approved DIP Financing Budget provides for total disbursements
in the amount of $500,000.  The disbursements include, among
others, payments for contingent capital needs, as well as payments
to the lawyers of the Debtor and Independent Bank.

Judge Isgur acknowledged that the DIP Financing has been proposed
in good faith and at arms' length, and is necessary in order to
preserve the assets of the Debtor's bankruptcy estate and
facilitate confirmation and consummation of the Plan.  He held that
the terms of the proposed DIP Financing are fair, reasonable and
adequate under all the circumstances of the case.

A full-text copy of the Order, dated July 20, 2016, is available at
https://is.gd/pZ5F6g

Independent Bank is represented by:

          E. Lee Morris, Esq.
          MUNSCH HARDT KOPF & HARR, P.C.
          500 N. Akard Street, Suite 3800
          Dallas, TX 75201-6659
          Telephone: (214) 855-7500
          Email: lmorris@munsch.com

                  About Ginger Oil Company

Ginger Oil Company, engaged in the business of oil and gas
exploration and development in Arkansas, Louisiana and Texas, filed
a Chapter 11 bankruptcy petition (Bankr. S.D. Tex. Case No.
16-30678) on Feb. 4, 2016.  The Debtor disclosed total assets of
$29.27 million and total debts of $6.47 million.  The petition was
signed by William D. Neville as resident/director.  Judge Marvin
Isgur handles the case.  Julie Mitchell Koenig, Esq., at Cooper &
Scully, PC, serves as counsel to the Debtor.  U.S. Trustee Judy A.
Robbins said in Mar. 2016 that she was unable to appoint an
official creditors committee.


GOODRICH PETROLEUM: Committee Taps Opportune as Financial Advisor
-----------------------------------------------------------------
The official committee of unsecured creditors of Goodrich Petroleum
Corp. seeks approval from the U.S. Bankruptcy Court for the
Southern District of Texas to hire Opportune LLP as its financial
advisor.

The committee tapped the firm to provide these services:

     (a) assist the committee in matters related to the
         restructuring of Goodrich and its affiliates;

     (b) review, monitor and analyze the Debtors' operations,
         financial condition, business plan, liquidity, strategy
         and operating forecast;

     (c) assist in reviewing financial information distributed by
         the Debtors to the committee;

     (d) assist in determining an appropriate go-forward capital
         structure for the Debtors;

     (e) attend meetings with and on behalf of the committee;

     (f) assist the committee in developing, evaluating,
         structuring, and negotiating the terms and conditions of
         any restructuring or plan of reorganization presented or
         offered;

     (g) review the lenders' collateral;

     (h) evaluate the Debtors' debt capacity;

     (i) perform a valuation of the Debtors' assets;

     (j) analyze financing, merger, divestiture, joint venture or
         investment transactions;

     (k) if requested, provide courtroom or deposition testimony;

     (l) assist the committee in analyzing any new debt or equity
         capital; and

     (m) provide other general restructuring assistance that the
         committee may deem necessary.

Opportune will receive a fixed monthly fee of $100,000, and will
earn a deferred restructuring fee of $750,000 in cash on the
effective date of a restructuring transaction.  The firm will also
receive reimbursement for work-related expenses.

Ryan Bouley, managing director of Opportune, disclosed in a court
filing that the firm does not have any interest adverse to the
Debtors' estate or any of their creditors.

The firm can be reached through:

     Ryan Bouley
     Opportune LLP
     711 Louisiana Street, Suite 3100
     Houston, TX, 77002
     Phone: 713-490-5050
     Fax: 713-490-0355

                    About Goodrich Petroleum

Goodrich Petroleum Corporation is an independent oil and natural
gas company engaged in the exploration, development and production
of oil and natural gas on properties primarily in (i) Southwest
Mississippi and Southeast Louisiana, which includes the Tuscaloosa
Marine Shale Trend, (ii) Northwest Louisiana and East Texas, which
includes the Haynesville Shale, and (iii) South Texas, which
includes the Eagle Ford Shale Trend.

Goodrich Petroleum and its subsidiary Goodrich Petroleum Company,
L.L.C. filed voluntary petitions on April 15, 2016, in the United
States Bankruptcy Court for Southern District of Texas to pursue a
pre-packaged Chapter 11 plan of reorganization. The Debtors have
filed a motion with the Court seeking joint administration of the
Chapter 11 Cases under the caption In re Goodrich Petroleum
Corporation, et. al (Case No. 16-31975).

Goodrich estimated $50 million to $100 million in assets and $500
million to $1 billion in liabilities.  The petition was signed by
Robert C. Turnham, Jr., president and chief operating officer.
Bankruptcy Judge Marvin Isgur presides over the case.

Bradley Roland Foxman, Esq., Garrick Chase Smith, Esq., Harry A.
Perrin, Esq., David S. Meyer, Esq., and Lauren R. Kanzer, Esq., at
Vinson & Elkins LLP, serve as the Debtors' counsel. Lazard Freres
& Co. LLC, serves as the Debtors' investment banker while BMC
Group, Inc., serves as notice, claims and balloting agent.

The Office of the U.S. Trustee on April 27 appointed six creditors
of Goodrich Petroleum Corporation to serve on the official
committee of unsecured creditors.  The Committee retained Akin
Gump Strauss Hauer & Feld LLP as counsel.


GROVE PLAZA PARTNERS: Wants to Use Cash to Pay for Leasing Fees
---------------------------------------------------------------
Grove Plaza Partners, LLC asks the U.S. Bankruptcy Court for the
Northern District of California for authorization to use cash
collateral to the the extent of $21,985.41, to pay for leasing
fees.

The Debtor owns seven of 13 parcels of real property comprising the
Grove Plaza shopping center located at 1151-1161 Walnut Street and
2404-2540 S. Grove Avenue in Ontario, Calif., The Property is
managed and leased by Centers Dynamic, pursuant to a Management
Agreement that it had executed with the Debtor.

The Management Agreement provides for the payment of leasing fees
for all new leases and non-optional renewals.  The Debtor relates
that two leases have been renewed and that the leasing fees due and
owing are $21,985.41.

The Debtor tells the Court that it has sufficient cash to pay the
leasing fees.  It further tells the Court that it does not
presently request general authority to pay future leasing fees and
will request for authority on a case-by-case basis as the need
arises for the time being.

The Debtor contends that continuing its regular payment of leasing
fees preserves the status quo and continues the Debtor in the
ordinary course of its business.  The Debtor further contends that
leasing of the Property is necessary, and payment of the leasing
fees is in the best interests of the estate.

The hearing on the Debtor's Motion is scheduled on August 19, 2016
at 10:00 a.m.

A full-text copy of the Debtor's Motion, dated July 22, 2016, is
available at https://is.gd/ygo0xx

                   About Grove Plaza Partners, LLC.

Headquartered in Redwood Shores, Cal., Grove Plaza Partners, LLC,
filed for Chapter 11 bankruptcy protection (Bankr. N.D. Cal. Case
No. 16-30531) on May 13, 2016, estimating its assets and
liabilities at between $10 million and $50 million. The petition
was signed by George A. Arce, Jr., manager.  

Reno F.R. Fernandez, Esq., at MacDonald Fernandez LLP, serves as
the Debtor's bankruptcy counsel.  The case is assigned to Judge
Dennis Montali.


GRUDEN ACQUISITION: Moody's Cuts Corporate Family Rating to B3
--------------------------------------------------------------
Moody's Investors Serviceb downgraded Gruden Acquisition, Inc.'s
Corporate Family Rating (CFR) to B3 from B2 and its Probability of
Default Rating (PDR) to B3-PD from B2-PD. In connection with this
action, Moody's also downgraded the ratings on the company's senior
secured first-lien term loan to B2 (LGD3) from B1 (LGD3) and its
senior secured second-lien term loan to Caa2 (LGD5) from Caa1
(LGD5). The rating outlook is negative.

The downgrade of Quality Distribution's CFR reflects the company's
significant underperformance with respect to operating
profitability and free cash flow generation relative to Moody's
expectations at the time of the August 2015 leveraged buyout (LBO)
of the company by Apax Partners. The sharp decline in performance
experienced over the past three quarters in the QC Energy Resources
business -- the company's Energy Logistics segment -- caused
overall margins to contract substantially, due to both revenue
declines and a demand driven shift to a less profitable business
mix. Coupled with no debt reduction beyond required first lien term
loan amortization, this caused debt leverage to increase to over
8.0x and interest coverage to deteriorate to below 0.5x for the 12
months ended March 31, 2016, compared with 5.9x and 1.6x,
respectively, on a pro forma basis at the time of the LBO. The
company's liquidity position has also weakened, with negative free
cash flow generation in each of the last four quarters. Moody's
expects free cash flow will remain negative on a full-year basis
for fiscal 2016.

The negative outlook reflects the potential for near-term margin
pressure from diminished activity in North American energy markets,
as well as uncertainty regarding the company's future plans for its
Energy Logistics segment, which could involve additional sizeable
restructuring charges. The outlook also reflects the likelihood
that negative free cash flow generation (excluding asset sale
proceeds) could persist beyond 2016 and remain close to breakeven
or only slightly positive for 2017. In addition, and to a lesser
extent, recent volatility in chemicals shipments may continue to
weigh on 2016 operating results in the Chemical Logistics segment,
which accounts for over 70% of the company's total sales.

The downgrades of the ratings on the senior secured first- and
second-lien term loans to B1 and Caa2, respectively, were a
function of the one-notch downgrade of Quality Distribution's CFR.

The following ratings were affected by these actions:

Corporate Family Rating downgraded to B3 from B2;

Probability of Default Rating downgraded to B3-PD from B2-PD;

Senior secured first-lien term loan due 2022 downgraded to B2
(LGD3) from B1 (LGD3);

Senior secured second-lien term loan due 2023 downgraded to Caa2
(LGD5) from Caa1 (LGD5);

Outlook changed to negative from stable

RATING RATIONALE

Moody's said, "Quality Distribution's B3 CFR reflects the company's
highly leveraged capital structure, with debt/EBITDA slightly above
8.0x as of March 31, 2016 and Moody's expectation that debt
leverage will remain elevated over the next 12 to 18 months as the
company slowly recovers from sharp declines in sales and
profitability in 2015 (all metrics incorporate Moody's standard
accounting adjustments). Despite expectations for some improvement
in EBITDA, Moody's projects debt leverage to remain above 7.5x by
the end of 2017 as debt reduction will be limited to mandatory
annual term loan amortization of only $4.2 million. Also factored
into the rating is the company's currently weak interest coverage
of less than 0.5x for the trailing 12 month period, which Moody's
projects will remain weak but gradually improve to closer to 1.0x
over our forecast horizon. Quality Distribution's energy market
exposure, while reduced to close to 10% as of 1Q16 from almost 20%
at FYE 2014, is expected to continue to remain a drag on operating
performance. However, Moody's notes that efforts to restructure the
Energy Logistics business and reposition assets for use within its
Chemical Logistics business will help to offset some of the recent
margin contraction. Financial policy remains a rating constraint
due to the company's private equity ownership, as well as the
potential for second-lien debt repurchases at current discounted
levels."

Counterbalancing these risks is Quality Distribution's strong
market position as the largest North American bulk chemicals
logistics company, as well as positive longer-term fundamentals for
the key end markets it serves within the broader Chemicals sector.
The Quality Carriers business (domestic bulk chemicals) has
historically been a relatively stable performer, and the company's
higher margin Boasso/Intermodal segment (export/import bulk
chemicals) -- which will benefit from its expansion into the UK
through the recent Isotank Group acquisition -- continues to
deliver positive results. Barriers to entry created by the
significant cost and difficulty in replicating the company's
extensive infrastructure will also help to protect its market
share. Quality Distribution's flexible, variable cost,
affiliate-based operating model would also provide some downside
protection if market conditions were to weaken further. The company
maintains an adequate liquidity profile, which will provide some
financial flexibility as it continues to take measures restore
stronger operating profitability and free cash flow generation.

The ratings on the senior secured term loans reflect the overall
probability of default for Quality Distribution, which Moody's
rates B3-PD. The B2 rating on the first-lien term loan is one notch
above the CFR, reflecting its senior position in the capital
structure and the first-loss protection provided by $120 million of
second-lien debt. The Caa2 rating on the second-lien term loan
reflects the facility's lien subordination to approximately $515
million of more senior debt, which includes a $100 million
asset-based revolving credit facility (unrated) that has a
first-priority claim on the company's most liquid assets.

An upgrade of Quality Distribution's ratings is unlikely over the
next one to two years, given the company's recent deterioration in
operating performance and credit metrics that are currently very
weak compared with those of many similarly-rated industry peers.
However, positive rating actions could be taken if the company
demonstrates a strong positive trend in EBITDA growth and free cash
flow generation. Debt/EBITDA trending below 5.5x and EBIT/interest
expense above 1.5x could also result in an upgrade.

The ratings could be downgraded if the company's liquidity profile
deteriorates, either as a result of sustained negative free cash
flow generation or diminished availability under its revolving
credit facility. Increasing debt leverage or further declines in
interest coverage could also result in negative rating actions. In
addition, significant repurchases of debt at distressed prices
could prompt further downgrades.

Gruden Acquisition was formed to effectuate the acquisition of
Quality Distribution, Inc., the parent company of Quality
Distribution, LLC, by Apax Partners in August 2015. Quality
Distribution, headquartered in Tampa, Florida, is the largest North
American transporter of bulk liquid and dry bulk chemicals. The
company is also a provider of intermodal tank container and depot
services primarily through its wholly-owned subsidiary, Boasso
America Corporation. The company also provides transportation
services to the energy sector through its Energy Logistics
business. Revenue for the 12 months ended March 31, 2016 totaled
approximately $837 million.



HAJ INC: Wants to Use Bank of the West's Cash Collateral
--------------------------------------------------------
HAJ, Inc. dba Christenson Oil asks the U.S. Bankruptcy Court for
the District of Oregon for authorization to use cash collateral.

The Debtor says that it has no cash to continue operating, other
than from the collection of its receivables.  It further says that
it needs to use cash collateral to pay its normal day-to-day
operating expenses.

The Debtor's receivables are Bank of the West's collateral.  The
Debtor owes Bank of the West approximately $994,579.

The Debtor contends that the amount of cash collateral necessary to
avoid harm is approximately $413,582, for four weeks, through
August 14, 2016.

The Debtor's proposed Budget covers a 15-week period, from the week
beginning July 18, 2016 until the week beginning October 24, 2016.
It provides for personnel expenses, operating expenses, and chapter
11 expenses in the total amount of $2,370,662.

A preliminary hearing on the Debtor's Motion is scheduled on July
26, 2016 at 1:30 p.m.

A full-text copy of the Debtor's Motion, dated July 21, 2016, is
available at https://is.gd/06b7kv

HAJ, Inc. dba Christenson Oil is represented by:

          John C. Rothermich, Esq.
          Charles C. Robinson, Esq.
          GARVEY SCHUBERT BARER
          121 SW Morrison, 11th Floor
          Portland, OR 97204
          Telephone: (503) 228-3939
          Email: jrothermich@gbslaw.com
                 crobinson@gsblaw.com

                  About HAJ, Inc. dba Christenson Oil

HAJ, Inc. dba Christensen Oil filed a chapter 11 petition (Bankr.
D. Or. Case No. 16-32787) on July 18, 2016.  The petition was
signed by Lawrence W. Lesniak, CEO.  The Debtor is represented by
John Carten Rothermich, Esq., at Garvey Schubert Barer.  The case
is assigned to Judge Randall L. Dunn.  The Debtor discloses total
assets in the amount of $2.79 million and total liabilities in the
amount of $1.72 million.


HAPPYWORKS DAY CARE: Hires Nemeth & Associates as Counsel
---------------------------------------------------------
Happyworks Day Care, Inc., seeks authorization from the U.S.
Bankruptcy Court for the Northern District of Ohio to employ Nemeth
& Associates, LLC as counsel.

The Debtor requires Nemeth & Associates to:

     a. advise the Debtor of its rights, powers and duties as
debtor and debtor in possession continuing to operate and manage
his business and property;

     b. advise the Debtor concerning, and assist in the negotiation
and documentation of financing agreements and related
transactions;

     c. review the nature and validity of liens asserted against
the Debtor’s property and advise the Debtor concerning the
enforceability of such liens;

     d. advise the Debtor concerning the actions that the Debtor
may take to collect and recover property for the benefit of the
Debtor’s estate;

     e. prepare on behalf of the Debtor all necessary and
appropriate applications, motions, pleadings, draft orders,
notices, schedules and other documents, and review all financial
reports to be filed in this chapter 11 case;

     f. advise the Debtor concerning, and prepare responses to,
applications, motions, pleadings, notices and other papers that may
be filed and served in this chapter 11 case;

     g. counsel the Debtor in connection with the formulation,
negotiation and promulgation of plan(s) of reorganization and
related documents;

     h. advise and assist the Debtor in connection with any
disposition of assets;

     i. advise the Debtor concerning executory contract and
unexpired lease assumptions, assignments and rejections and lease
restructuring; and

     j. perform other legal services for and on behalf of the
Debtor as may be necessary or appropriate in the administration of
this chapter 11 case and the Debtor’s business, including advice
and assistance to the Debtor with respect to debt restructuring and
general matters.

Nemeth & Associates will be paid at these hourly rates:

         Richard H. Nemeth, Principal          $275
         William F. Perry, Associate           $275
         Non-Attorney staff                    $55

Prior to the Petition Date, the Debtor paid to Nemeth & Associates,
LLC a retainer in the amount of $10,000.00 for services to be
rendered in connection with this case. In addition, the Debtor paid
to Nemeth & Associates, LLC the sum of $1,717.00 to cover the
filing fee in this case, which sum was applied at the time of
filing. As of the Petition Date, all $10,000.00 of the Retainer
remains unapplied.

Nemeth & Associates will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Richard H. Nemeth, principal of the firm of Nemeth & Associates,
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.

Nemeth & Associates may be reached at:

     Richard H. Nemeth
     Nemeth & Associates
     526 Superior Ave., East, Suite 333
     Cleveland, Ohio 44114
     Tel: (216)502-1300
     Fax: (216)503-1301

            About Happyworks Day Care, Inc.



Happyworks Day Care, Inc., is a non-profit, low cost,
quality
childcare services provider for low income families
living in the inner city of Cleveland since 1986.



The business ran smoothly and profitably from 1986 until 2014
under the general management of Judith M. Ballinger, its sole owner
and former general manager.  In early 2014, Ms. Ballinger
suffered a stroke and heart attack and was confined to a hospital
bed for most of the calendar year.  In her absence, Happyworks
was run by Ms. Ballinger granddaughter, who lacked the necessary
skills to operate the business properly.



On July 9, 2014, Zions First National Bank, the debtor
primary
lender, filed a collection and foreclosure proceeding
[Cuyahoga
County Court of Common Pleas Case No.
CV-14-829494].  A judgment was taken in that proceeding on August
12, 2015 and a sheriff's sale of one of the two buildings out of
which the debtor conducts its business was scheduled for July 11,
2016.



To stay the sheriff's sale, Happyworks Day Care filed a
Chapter 11 petition (Bankr. N.D. Ohio Case No. 16-13769) on July 9,
2016.  Judge Jessica Price Smith presides.  



Richard H. Nemeth, Esq., at Nemeth & Associates, LLC, serves
as
counsel to the Debtor.



HASTINGS ENTERTAINMENT: To Begin Liquidation of Stores
------------------------------------------------------
Lillian Rizzo, writing for The Wall Street Journal Pro Bankruptcy,
reported that more than 120 Hastings Entertainment stores are set
to begin going-out-of-business sales after a pair of liquidators
won court approval to buy its assets.

According to the report, the joint venture between Hilco Merchant
Resources LLC and Gordon Brothers Retail Partners received approval
from a judge in the U.S. Bankruptcy Court in Wilmington, Del.  The
liquidation sales began on July 23, 2016, according to Gordon
Brothers and Hilco.

The two liquidators had set the floor for the auction with a
stalking horse, or lead, bid received, the report related.  Hilco
and Gordon Brothers will pay Hastings 75% of the cost of inventory
worth at least $110 million, which is an estimated $82.5 million,
the report further related.

The company has already closed affiliate MovieStop, which sells new
and used movies primarily on the East Coast, the report said.
Liquidation sales at the chain's roughly 40 stores began in mid-May
and are expected to finish by the end of this month, the report
added.

                     About Draw Another Circle

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

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

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

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

Andrew Vara, acting U.S. trustee for Region 3, on June 21 appointed
seven creditors of Draw Another Circle, LLC, to serve on the
official committee of unsecured creditors.  Lowenstein Sandler LLP
serves as counsel to the Committee, while BDO USA, LLP, serves as
its financial advisor.


HECK ENTERPRISES: Can't Use British Petroleum Claim Proceeds
------------------------------------------------------------
Judge Douglas D. Dodd of the U.S. Bankruptcy Court for the Middle
District of Louisiana issued an Order addressing Investar Bank's
Motion, which sought to prohibit Heck Enterprises, Inc. from using
cash collateral.

Judge Dodd ordered the Debtor not to transfer, distribute, encumber
or expend the proceeds of the Debtor's claim against British
Petroleum, or any and all tax refunds which may be subsequently due
to the Debtor, without further order of the Court, after notice and
an opportunity for a hearing.

Judge Dodd further ordered that any and all British Petroleum
Proceeds and Tax Refunds will remain held in trust in accordance
with the requirements of the Office of the U.S. Trustee.

A full-text copy of Order, dated July 22, 2016, is available at
https://is.gd/6hsNhl

               About Heck Enterprises, Inc.

Heck Enterprises, Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. M. D. La. Case No. 16-10514) on April 29,
2016.  The petition was signed by Wallace E. Heck, Jr., president
and chief executive officer.  The Debtor is represented by Noel
Steffes Melancon, Esq., Barbara B. Parsons, Esq., and William E.
Steffes, Esq., at Steffes, Vingiello & McKenzie, LLC.  The case is
assigned to Judge Douglas D. Dodd.  At the time of the filing, the
Debtor estimated its assets and debts at $1 million to $10 million.


HEMISPHERE MEDIA: S&P Affirms 'B' CCR, Outlook Remains Stable
-------------------------------------------------------------
S&P Global Ratings said that it affirmed its ratings on Coral
Gables, Fla.-based Hemisphere Media Group Inc. and its
subsidiaries, including the 'B' corporate credit rating on the
company.  The rating outlook remains stable.

"The affirmation follows Hemisphere Media's continued growth in
retransmission and subscriber fees, driven by stable organic
subscriber growth and rate increases, despite continued economic
headwinds in Puerto Rico," said S&P Global Ratings credit analyst
Khaled Lahlo.

The stable outlook reflects S&P's expectation that Hemisphere Media
will maintain adjusted leverage below 5x over the next 12 months,
preserve sufficient liquidity for operating needs, and continue to
generate positive discretionary cash flow.

S&P could lower its corporate credit rating on Hemisphere Media
during the next 12-24 months if the company's adjusted leverage
approaches 6x on a sustained basis and if its liquidity becomes
strained due to an aggressive dividend repayment policy, a large
debt-financed acquisition, or operational missteps the resulted in
revenue declines.

Although unlikely over the next year, given the company's short
track record operating as a consolidated entity, S&P could consider
an upgrade if it become convinced that Hemisphere Media will be
able to achieve meaningful growth in its affiliate fees and
advertising revenues at its cable networks--while maintaining its
EBITDA margin at the current level and debt leverage at 4.5x or
below; and if the company grows through an acquisition, such that
it materially increases its scale and improves its business risk
profile by diversifying away from its exposure to Puerto Rico's
advertising environment.


HEYL & PATTERSON: Committee Taps ACS as Financial Advisor
---------------------------------------------------------
The official committee of unsecured creditors of Heyl & Patterson,
Inc. seeks approval from the U.S. Bankruptcy Court for the Western
District of Pennsylvania to hire Albert's Capital Services, LLC as
its financial advisor.
.
The firm will provide these services to the committee in connection
with the Debtor's Chapter 11 case:

     (a) advise and assist the committee in its analysis and
         monitoring of the operations of the Debtor;

     (b) analyze the Debtor's schedules of assets and liabilities
         and statements of financial affairs;

     (c) advise and assist the committee with respect to the
         Debtor's use of cash collateral, any proposed debtor-in-
         possession financing and cash flow projections;

     (d) monitor the Debtor's cash receipts and disbursements and
         advise the committee on any related issues if necessary;

     (e) analyze proposed expenditures;

     (f) monitor and evaluate the Debtor's performance and
         operating activities, and provide regular updates and
         recommendations;

     (g) advise and assist the committee and counsel in reviewing
         and evaluating any court motions, applications, or other
         forms of relief filed or to be filed by the Debtor and
         other parties;

     (h) prepare alternative business projections or plans of the
         Debtor's affiliated businesses if needed;

     (i) develop strategies to maximize recoveries from the
         Debtor's assets;

     (j) advise and assist the committee in identifying and
         reviewing any proposed asset sales or other transactions;

     (k) analyze potential recovery scenarios as well as assist
         with avoidance actions;

     (l) review and provide analysis of any plan of reorganization

         and disclosure statement relating to the Debtor;

     (m) advise and assist the committee in evaluating the
         Debtor's contractual arrangements;

     (n) attend committee meetings, court hearings and auctions if

         required;

     (o) assist the committee in evaluating the tax impact of any
         proposed transactions;

     (p) render other general business consulting or assistance
         that the committee or its counsel may deem necessary; and

     (q) provide expert testimony and other potential services.

The standard hourly rates for the ACS professionals who will be
involved in the case are:

     Edward Albert     $285
     John Rose         $275
     Support Staff     $150

Edward T. Albert, II, managing director of Albert's Capital,
disclosed in a court filing that the firm is a "disinterested
person" as defined in section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Edward T. Albert, II
     Albert's Capital Services, LLC
     200 Dinsmore Ave.
     Pittsburgh, Pennsylvania 15205
     Main Phone: (412) 376-4747
     Mobile: (412) 977-1000
     Fax: 1-(888) 815-7800
     Email: EAlbert@AlbertCapitalMgmt.com

                      About Heyl & Patterson

Heyl & Patterson, Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D. Pa. Case No. 16-21620) on April 29,
2016.  The petition was signed by John R. Edelman, CEO.  The case
is assigned to Judge Carlota M. Bohm.  The Debtor estimated both
assets and liabilities in the range of $1 million to $10 million.


HILLWINDS FAMILY: Court Allows Continued Use of Cash Collateral
---------------------------------------------------------------
Judge Christopher J. Panos of the U.S. Bankruptcy Court for the
District of Massachusetts authorized Hillwinds Family Limited
Partnership to continue using cash collateral.  Judge Panos
authorized the Debtor to use cash collateral only to pay budgeted
items with lender Avidia Bank's written consent for anything other
than the payment of the U.S. Trustee's fee.
  
A full-text copy of the Order, dated July 20, 2016, is available at
https://is.gd/OdvTvh

             About Hillwinds Family Limited Partnership

Hillwinds Family Limited Partnership's business is the rental of a
large tract of commercial real estate located at 489 Neck Road,
Lancaster, Mass.  The Debtor is a "single asset real estate" entity
as defined in 11 U.S.C. Sec. 101(51B).  Hillwinds Family Limited
Partnership filed for a chapter 11 petition (Bankr. D. Mass. Case
No. 15-42424) on Dec. 14, 2015, estimating its assets and
liabilities at less than $1 million.  The petition was signed by
Thomas C. Browne II, general partner.  A copy of the petition is
available at http://bankrupt.com/misc/mab15-42424.pdfat no charge.
The Debtor is represented by Kevin C. McGee, Esq., at Matuzek &
McGee in Worcester, Mass.  The case is assigned to Judge
Christopher J. Panos.


HIPCRICKET INC: Court Narrows Claims in Suit vs mGage, Stansbury
----------------------------------------------------------------
In the case captioned HIPCRICKET, INC., Plaintiff, v. mGAGE, LLC
and GLENN STANSBURY, Defendants, C.A. No. 11135-CB (Del. Ch.), the
Court of Chancery of Delaware entered judgment as follows:

          (1) in defendants' favor on Claims 1-4 and 6-7 of the
              Complaint dismissing those claims with prejudice,
              and

          (2) in Hipcricket's favor on Claim 5 of the Complaint,
              entitling it to a permanent injunction.

Applying the governing law of the state of Washington, the Court
concluded that Hipcricket's material breach of the commission
agreement rendered the non-solicitiation and confidentiality
provisions in it unenforceable.  For this reason, the Court entered
judgment the defendants' favor for the claims Hipcricket has
asserted that are based on the commission agreement.

Hipcricket also sued the defendants for violating the Washington
Uniform Trade Secrets Act.  The Court concluded that Hipcricket has
proven this claim and is entitled to a permanent injunction to
prevent defendants from further misappropriating its trade
secrets.

A full-text copy of the Court's July 15, 2016 memorandum opinion is
available at https://is.gd/0Szhxr from Leagle.com.

Hipcricket, Inc. is represented by:

          Brian E. Farnan, Esq.
          Michael J. Farnan, Esq.
          FARNAN LLP
          919 North Market St., 12th Floor
          Wilmington, DE 19801
          Tel: (302)777-0300
          Fax: (302)777-0301
          Email: bfarnan@farnanlaw.com
                 mfarnan@farnanlaw.com

            -- and --

          Kenneth J. Rubinstein, Esq.
          Joseph M. Vann, Esq.
          Jackson S. Davis, Esq.
          COHEN TAUBER SPIEVACK & WAGNER P.C.
          The Graybar Building
          420 Lexington Avenue, Suite 2400
          New York, NY 10170
          Tel: (212)586-5800
          Fax: (212)586-5095
          Email: krubinstein@ctswlaw.com
                 jvann@ctswlaw.com
                 jdavis@ctswlaw.com

mGage, LLC and Glenn Stansbury are represented by:

          Stephen B. Brauerman, Esq.
          Vanessa R. Tiradentes, Esq.
          Sara E. Bussiere, Esq.
          BAYARD, P.A.
          222 Delaware Avenue, Suite 900
          Wilmington, DE 19801
          Tel: (302)655-5000
          Fax: (302)658-6395
          Email: sbrauerman@bayardlaw.com
                 vtiradentes@bayardlaw.com
                 sbussiere@bayardlaw.com

            -- and --

          Peter F. Schoenthaler, Esq.
          Bryan L. Baysinger, Esq.
          THE SCHOENTHALER LAW GROUP
          400 Interstate North Pkwy., S.E.
          Suite 1500          
          Atlanta, GA 30339
          Tel: (404)855-3315
          Fax: (404)891-6120
          Email: blb@pfslawgroup.com

                   About Hipcricket Inc.

Headquartered in Bellevue, Washington, Hipcricket, Inc., formerly
known as Augme Technologies, is a publicly held Delaware
corporation.  Hipcricket is in the business of providing
end-to-end, data-driven mobile advertising and marketing solutions
through its proprietary AD LIFE software-as-a service platform a
proprietary, mobile engagement platform for businesses to
communicate with customers through cellphones, tablets and other
mobile devices.  The Company had 77 full-time employees as of the
bankruptcy filing.

Hipcricket sought Chapter 11 protection (Bankr. D. Del. Case No.
15-10104) on Jan. 20, 2015, with a deal to sell its assets.

The Debtor tapped Pachulski Stang Ziehl & Jones LLP as counsel,
Canaccord Genuity Inc. as investment banker, Perkins Coie LLP as
special corporate counsel, and Omni Management Group, LLC, as
claims and noticing agent.

As of Jan. 20, 2015, the Company had total assets of $16.8 million
and liabilities of $12.06 million.

The Debtor filed plan of reorganization sponsored by ESW Capital,
LLC. The Debtor and ESW Capital negotiated a replacement
postpetition financing facility, providing up to $4.5 million in
financing, on substantially similar terms as the DIP Facility
provided by SITO Mobile.

The U.S. Trustee for Region 3 appointed five creditors to serve on
the official committee of unsecured creditors.  The Committee
retained Cooley LLP as lead counsel, Pepper Hamilton LLP as
Delaware counsel, and Getzler Henrich & Associates, LLC, as
financial advisor.


HUGHES SATELLITE: S&P Lowers Rating on Sr. Sec. Notes to 'BB+'
--------------------------------------------------------------
S&P Global Ratings lowered its issue-level rating on
Englewood-Colo.-based satellite services provider Hughes Satellite
Systems Corp.'s (HSS) senior secured notes to 'BB+' from 'BBB-'.
S&P also revised its recovery rating to '2' from '1'.  The '2'
recovery rating indicates S&P's expectation for substantial
(70%-90%; upper half of the range) recovery of principal for
lenders in the event of a payment default.  The lower issue-level
rating reflects the additional amount of secured debt in the
capital structure following the company's announcement that it has
increased its notes issuance to $1.5 million, consisting of $750
million of secured notes and $750 million of unsecured notes.  S&P
affirmed its 'BB-' issue-level rating on HSS's senior unsecured
notes.  The recovery rating remains '5', indicating S&P's
expectation for modest (10%-30%; lower half of the range) 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.

   -- S&P has valued the company on a going-concern basis using a
      5x multiple of S&P's projected emergence EBITDA of
      $440 million to arrive at a gross enterprise value of
      $2.2 billion.  S&P's EBITDA at emergence reflects the higher

      amount fixed charges as a result of the company's notes
      issuance.

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):
      $2.09 billion
   -- Valuation split in % (obligors/nonobligors): 90/10
   -- Priority claims: $326 million
   -- Collateral value available to secured creditors:
      $1.58 billion
   -- Senior secured debt: $ 1.79 billion
      -- Recovery expectation: 70%-90% (upper half of the range)
   -- Collateral value available to unsecured claims: $209 million
   -- Senior unsecured debt and pari-passu claims: $1.95 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/--   

Downgraded; Recovery Rating Revised

Hughes Satellite Systems Corp.
                                   To            From
Senior Secured                   
$750 mil 5.25% notes due 2026     BB+           BBB-
  Recovery Rating                  2H            1
$1.1 bil 6.50% notes due 2019    BB+           BBB-
  Recovery Rating                  2H            1

Affirmed; Recovery Rating Unchanged

Hughes Satellite Systems Corp.
Senior Unsecured                   
$750 mil 6.625% notes due 2026    BB+           BBB-
  Recovery Rating                  5L            5L
$900 mil 7.625% notes due 2021    BB+          BBB-
  Recovery Rating                  5L            5L


IMPLANT SCIENCES: Platinum Partners, et al., Hold 4.9% Stake
------------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, Platinum Partners Value Arbitrage Fund L.P., Platinum
Management (NY) LLC, DMRJ Group LLC, Montsant Partners, LLC and
Mark Nordlicht disclosed that they beneficially owned 3,943,378
shares of common stock of Implant Sciences Corporation.

The shares of Common Stock beneficially owned by the Reporting
Persons represent 4.99% percent of the outstanding shares of Common
Stock of Impant Sciences.  The 4.99% calculation was based on the
79,025,620 shares of Common Stock reported by the Issuer as being
outstanding as of May 6, 2016, as stated by the Issuer in its
quarterly report on Form 10-Q for the quarterly period ended March
31, 2016.  Mark Nordlicht disclaims the beneficial ownership with
respect to any shares of Common Stock other than the shares owned
directly and of record by those Reporting Persons.  A full-text
copy of the regulatory filing is available at:

                     https://is.gd/f6BTKi

                    About Implant Sciences

Implant Sciences Corporation (OBB: IMSC.OB) --
http://www.implantsciences.com/-- develops, manufactures and
sells sensors and systems for the security, safety and defense
(SS&D) industries.

As of March 31, 2016, the Company had $15.6 million in total
assets, $100 million in total liabilities, and a total
stockholders' deficit of $84.6 million.

"Despite our current sales, expense and cash flow projections and
Marcum LLP, in Boston, Massachusetts, issued a "going concern"
qualification on the consolidated financial statements for the year
ended June 30, 2015, citing that the Company has had recurring net
losses and continues to experience negative cash flows from
operations.  As of Sept. 15, 2015, the Company's principal
obligation to its primary lenders was approximately $65,046,000 and
accrued interest of approximately $15,393,000.  The Company is
required to repay all borrowings and accrued interest to these
lenders on March 31, 2016.  These conditions raise substantial
doubt about its ability to continue as a going concern.


INFOGROUP INC: S&P Raises Rating on Sr. Sec. Debt to 'B'
--------------------------------------------------------
S&P Global Ratings said that it raised its issue-level rating on
Omaha, Neb.-based Infogroup Inc.'s senior secured debt to 'B' from
'B-' and revised the recovery rating to '2' from '3'.  The '2'
recovery rating indicates S&P's expectation for substantial
(70%-90%; lower half of the range) recovery of principal in the
event of a payment default.

At the same time, S&P affirmed its 'B-' corporate credit rating on
the company.  The rating outlook remains stable.

"The 'B-' corporate rating on Infogroup reflects the company's
smaller scale and exposure to cyclical marketing spending, the
secular pressure on its traditional marketing services, and our
expectation for modest cash flow deficits in 2016--mainly due to
the nonrecurring legacy tax penalty payment (roughly $20 million in
2016)," said S&P Global Ratings credit analyst Heidi Zhang.

The stable rating outlook reflects S&P's expectation that Infogroup
will have continued revenue and EBITDA growth, modest discretionary
cash flow deficits (including one-time legacy tax penalty payments)
in 2016, and an at least 10% margin of compliance with its
maintenance financial covenants.

S&P could raise its corporate credit rating on Infogroup if the
company reduces leverage to below 5x on a sustained basis, if it
generates more than $10 million of discretionary cash flow through
EBITDA growth, and if S&P believes there will be adequate liquidity
over the next 12 months.

S&P could lower the rating if competitive pressure and customer
attrition cause the company's covenant headroom to decline to less
than 10% or discretionary cash flow to deteriorate from S&P's
modest discretionary cash flow deficit projection for 2016.


INFOMOTION SPORTS: Cash Collateral Use Approved throgh Aug. 31
--------------------------------------------------------------
Joan N. Feeney of the U.S. Bankruptcy Court for the District of
Massachusetts entered an order last week authorizing InfoMotion
Sports Technologies, Inc. -- through Aug. 31, 2016 -- to use cash
collateral pledged to repay secured prepetition obligations to
Bridlespur Partners Two, LLC, Day Capital Group, LLC, and Wilshire
Partners III, LLC.

The Debtor is pursuing a sale of its business assets and
intellectual property and hopes to complete the sale by the end of
August.  

             About InfoMotion Sports Technologies, Inc.

InfoMotion Sports Technologies, Inc. –-
http://www.infomotionsports.com/-- sought chapter 11 protection  
(Bankr. D. Mass. Case No. 16-10724) on Mar. 1, 2016.  The petition
was signed by Michael Crowley, chief executive officer.

The Debtor is represented by Warren E. Agin, Esq., at Swiggart &
Agin, LLC, in Boston.  The case is assigned to Judge Joan N.
Feeney.  At the time of the filing, the Debtor estimated its assets
and debts at less than $10 million.


INMOBILIARIA BAFCO: Plan Proposes to Pay Creditors in Full
----------------------------------------------------------
Inmobiliaria Bafco, Inc., on July 19 filed a Chapter 11 plan of
reorganization, which proposes to pay all its creditors in full.  

The plan filed on July 19 with the U.S. Bankruptcy Court for the
District of Puerto Rico provides for a 100% payment to all
creditors of Inmobiliaria, including its general unsecured
creditors in Class 5, which hold $97,830 in claims.

The proposed plan will be funded through Inmobiliaria's assets,
surrendering to Banco Popular de Puerto Rico the Parkside Office
Building located in Pueblo Viejo Ward, Guaynabo, Puerto Rico.  The
property guarantees the loan, which the bank provided to the
company.

A copy of the plan outline is available for free at
https://is.gd/kayuzK

                   About Inmobiliaria Bafco

Inmobiliaria Bafco, Inc., a single asset real estate, filed a
Chapter 11 bankruptcy petition (Bankr. D.P.R. Case No. 16-02642) on
April 4, 2016.   Fernando Batlle, president, signed the petition.
The Debtor listed total assets of $13.4 million and total debt of
$12.05 million.  Judge Mildred Caban Flores is assigned to the
case.


J & N ACQUISITIONS: Court Allows 60-Day Use of Cash Collateral
--------------------------------------------------------------
Judge Paul G. Hyman, Jr., of the U.S. Bankruptcy Court for the
Southern District of Florida authorized J & N Acquisitions, Inc. to
use cash collateral.

The Debtor is authorized to use cash collateral for 60 days
following the entry of the Court's Order, or until September 18,
2016.

Bank of America has a valid, perfected, first-priority blanket lien
on all of the Debtor's real property and accounts.  The Small
Business Administration has a valid, perfected, first-priority
blanket lien on all of the Debtor's personal property, including
inventory, equipment, machinery, and accounts receivable.

Judge Hyman granted Bank of America and The Small Business
Administration a perfected post-petition security interest and lien
in, to and against the Debtor's cash collateral and all of the
Debtor's assets, in the same priority, validity and extent that
they held in such assets pre-petition.

Judge Hyman authorized the Debtor to use cash collateral to pay for
all its post-petition expenses in the ordinary course of business.
He directed the Debtor to continue making monthly adequate
protection payments of $8,686.

A full-text copy of the Order, dated July 20, 2016, is available at
https://is.gd/yuaTq7

                About J & N Acquisitions, Inc.

Headquartered in Port St. Lucie, Florida, J & N Acquisitions, Inc.,
dba Kids Place filed for Chapter 11 bankruptcy protection (Bankr.
S.D. Fla. Case No. 15-30152) on Nov. 16, 2015, listing $1.14
million in total assets and $2.15 million in total liabilities.
The petition was signed by Janice Williams, CEO.  Judge Paul G.
Hyman, Jr., presides over the case.  Malinda L Hayes, Esq., at
Markarian Frank White-Boyd & Hayes serves as the Debtor's
bankruptcy counsel.


JOHN Q. HAMMONS: Court Allows Cash Collateral Use
-------------------------------------------------
Judge Robert D. Berger of the U.S. Bankruptcy Court for the
District of Kansas issued an amended Order, authorizing the Debtors
to use cash collateral.

Judge Berger acknowledged that the Debtors' operations are such
that they have sufficient cash flow to continue to pay their
secured lenders their regular monthly payment under the terms of
their loan documents.

Judge Berger authorized the Debtors to use cash collateral to pay
for the expenses listed in the approved Budget, which include
expenditures for the operation of the hotel properties, non-hotel
properties owned by the Trust, as well as capital expenditures
necessary to maintain the condition of the hotels and non-hotel
properties and additionally remain in compliance with the various
hotel franchisors.

Judge Berger directed the Debtors to continue paying all franchise
fees and reimbursable expenses due to Marriott International, Inc.,
Holiday Hospitality Franchising LLC, HLT Franchise LLC, and The
Sheraton, LLC, arising under any franchise agreements and/or
related documents.

Judge Berger granted each secured lender replacement liens against
its collateral and any proceeds therefrom, with the same priority
as existed prior to the Commencement Date.

The Debtors related that they will request that the final order
permitting the use of cash collateral continue in effect until
September 20, 2016, at the hearing for the final order approving
the use of cash collateral.

A hearing to consider issues raised by SFI Belmont LLC in its
limited objection, is scheduled on July 25, 2016 at 1:00 p.m.  An
omnibus hearing is scheduled on September 26, 2016, in the Debtors'
chapter 11 cases.  

A full-text copy of the Order, dated July 20, 2016, is available at
https://is.gd/87R07r

             About John Q. Hammons Fall 2006, LLC.

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

John Q. Hammons Hotels & Resorts on June 27, 2016, disclosed that
the family of companies, the Revocable Trust of John Q. Hammons,
and their related affiliates, have filed voluntary petitions
(Bankr. D. Kan. Case No. 16-21139 to Case No. 16-21208) to
restructure under Chapter 11 of the U.S. Bankruptcy Code.

The Debtors are represented by Mark A. Shaiken, Esq., Mark S.
Carder, Esq., and Nicholas Zluticky, Esq., at Stinson Leonard
Street LLP, in Kansas City, Missouri.  The Debtors conflict counsel
is Victor F Weber, Esq., at Merrick Baker and Strauss PC, in Kansas
City, Missouri.

At the time of filing, the Debtors had $100 million to $500 million
in estimated assets and $100 million to $500 million in estimated
liabilities.

The petitions were signed by Greggory D Groves, vice president.
The cases are assigned to Judge Robert D. Berger.

The Revocable Trust of John Q. Hammons, John Q. Hammons Hotels and
related companies are scheduled to go to trial July 26 in a dispute
stemming from a 2005 agreement in which entities associated with
Jonathan Eilian loaned Hammons $300 million.



LEAP FORWARD GAMING: Cash Collateral Use on Interim Basis OK
------------------------------------------------------------
Judge Bruce T. Beesley of the U.S. Bankruptcy Court for the
District of Nevada authorized Leap Forward Gaming, Inc. to use cash
collateral, on an interim basis, pursuant to a stipulation between
the Debtor, Macquarie Trading US, LLC, and MIHI, LLC.

Judge Beesley acknowledged that the Debtor's use of cash collateral
on an interim basis is in the best interests of the Debtor's estate
and its creditors.  He further acknowledged that its implementation
will, among other things, provide the Debtor with the necessary
liquidity to sustain the operation of its business and enhance its
prospects for a successful sale and liquidation to maximize
creditor recoveries.

The final hearing on the Debtor's Motion is scheduled on August 1,
2016 at 10:00 a.m.  The deadline for the filing of objections or
responses to the Debtor's Motion is set on July 28, 2016.

A full-text copy of the Order, dated July 21, 2016, is available at
https://is.gd/RYXGMW

                     About Leap Forward Gaming, Inc.

Leap Forward Gaming, Inc. filed a chapter 11 petition (Bankr. D.
Nev. Case No. 16-50850) on July 8, 2016.  The petition was signed
by Darby Bryan, CFO/Controller.  The Debtors are represented by
Jeffrey L. Hartman, Esq., at Hartman & Hartman.  The case is
assigned to Judge Bruce T. Beesley.  The Debtor disclosed assets of
$2.46 and debts of $26.02 million at the time of the filing.


LEAP FORWARD: Selling Personal Property for $8.5M 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.


LEHMAN BROTHERS: Syncora Guarantee Settles Proof of Claim
---------------------------------------------------------
Syncora Holdings Ltd. on July 22, 2016, disclosed that its wholly
owned, New York financial guarantee insurance subsidiary, Syncora
Guarantee Inc. ("SGI"), has reached an agreement in principle for
the settlement of its sole existing claim and related litigation
with Lehman Brothers Holdings Inc. and Structured Asset Securities
Corporation ("Sasco").   If consummated, the terms of the
settlement will resolve all claims in respect of SGI's proof of
claim filed on January 13, 2010, against Lehman Brothers Holdings
Inc. and Sasco in the United States Bankruptcy Court for the
Southern District of New York, relating to the GreenPoint Mortgage
Funding Trust 2006-HE1 transaction, in return for an allowed
unsecured claim of $37 million in the Lehman bankruptcy estate.  In
the Notice Regarding Tenth Distribution Pursuant to The Modified
Third Amended Joint Chapter 11 Plan of Lehman Brothers Holdings
Inc. And Affiliated Debtors filed with the bankruptcy court on June
9, 2016, the Lehman bankruptcy estate is currently projecting
cumulative payments of approximately 36 cents on the dollar to be
paid on allowed unsecured claims, but that projection is subject to
change.  The settlement remains subject to final definitive
documentation.  No assurances can be made that such final
definitive documentation will be entered into.  If consummated, the
settlement is expected to increase SHL's GAAP net income and
shareholders' equity by the amount ultimately paid by the Lehman
bankruptcy estate and is expected to have the same effect on SGI's
statutory-basis net income and policyholders' surplus.

This settlement is separate and distinct from the U.S. Bank
National Association, as Indenture Trustee v. GreenPoint Mortgage
Funding, Inc. action, with respect to, among other things, alleged
breaches of representations and warranties by GreenPoint, which
remains pending in state court.

                   About Syncora Holdings Ltd.

Syncora Holdings Ltd. -- http://www.syncora.com/-- is a
Bermuda-domiciled holding company. Each of Syncora Guarantee Inc.
and Syncora Capital Assurance Inc. are wholly owned subsidiaries of
Syncora Holdings Ltd.

                     About Lehman Brothers

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

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

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

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

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

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

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

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

                          *     *     *

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

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


LENNAR CORP: Moody's Hikes Corporate Family Rating to Ba1
---------------------------------------------------------
Moody's Investors Service upgraded the ratings of Lennar
Corporation ("Lennar"), including its Corporate Family Rating to
Ba1 from Ba2, its Probability of Default Rating to Ba1-PD from
Ba2-PD, and all of the company's existing series of senior
unsecured notes and convertible senior notes to Ba1 from Ba2. In
the same rating action, Moody's also affirmed Lennar's speculative
grade liquidity rating at SGL-1. The rating outlook is stable.

The upgrade reflects Moody's view that Lennar is adopting a
financially prudent business strategy after a number of years of
investing in new asset classes and structures that kept debt
leverage stubbornly high. The company is now reducing its debt
leverage and generating positive cash flow through moderation in
its land spend and by either reduction in its investments in new
ventures or by taking capital out of these ventures. By fiscal
year-end 2016, Moody's expects Lennar's debt leverage will be in
the low 40% range, which is strong for a Ba1 credit and adds to its
outperformance in earnings growth and gross margins.

The stable outlook reflects Moody's expectation that Lennar's key
credit metrics will strengthen further in the next 12-18 months.

The following rating actions were taken:

Corporate Family Rating, upgraded to Ba1 from Ba2;

Probability of Default, upgraded to Ba1-PD from Ba2-PD;

Existing senior unsecured notes, upgraded to Ba1, LGD4 from Ba2,
LGD4;

Existing convertible senior notes, upgraded to Ba1, LGD4 from Ba2,
LGD4;

Existing senior unsecured shelf registrations, upgraded to (P)Ba1
from (P)Ba2;

Speculative grade liquidity rating, affirmed at SGL-1;

Ratings outlook is stable.

RATINGS RATIONALE

The Ba1 corporate family rating reflects the company's declining
debt leverage and its effective execution of the "soft pivot"
strategy, which is enabling it to generate its first positive cash
flow in six years through reduction in the number of years supply
of land owned. The rating also considers Lennar's superior gross
margins; its exceptionally strong earnings performance; the
substantial tangible equity base; and robust liquidity. In
addition, the company has successfully managed its investments in
new asset classes that are different from, albeit related to, more
traditional homebuilding activities. Moreover, Moody's expects
Lennar will manage its businesses with financial prudence going
forward, focusing on debt reduction and eventual reversion to a
pure homebuilding business model.

At the same time, Lennar's ratings incorporate its propensity to
invest in different asset classes and structures compared to more
traditional homebuilders. While these investments can and do
generate solid returns and cash, especially during growth periods,
they can also result in sizable write downs, considerable use of
management time, and cash drains, as the joint venture operations
did during the recent downturn.

Lennar's SGL-1 liquidity is supported by its $601 million of
unrestricted homebuilding cash at May 31, 2016; by its expected
generation of positive cash flow from operations in fiscal 2016; by
its $104 million of unrestricted cash at Rialto; by the
availability of about $1 billion under its $1.44 billion committed
senior unsecured revolving credit facility due in June 2019 (that
had $375 million drawn and $19 million of outstanding letters of
credit at May 31, 2016), and by the substantial headroom under its
financial maintenance covenants. The revolving credit facility
requires the company to maintain compliance, as of May 31,2016 ,
with minimum tangible net worth of $2.8 billion, maximum net debt
leverage of 65.0%, and either a minimum 1.0x liquidity coverage of
last 12 months interest incurred or a trailing 12 months interest
coverage of 1.5x. Actuals for these covenants, as calculated per
the credit agreement, were $4.9 billion, 47% and 2.22x,
respectively.

What Could Change the Rating - Up

First, because of the substantial volatility exhibited by the
industry in the past, Lennar must generate considerable headroom
relative to minimum investment grade credit metrics, namely
adjusted debt/capitalization of well below 40%, EBIT coverage of
interest considerably higher than 6x, and GAAP gross margins in the
mid-to-high 20% range.

In addition, Lennar must convince Moody's that it is serious about
wanting the investment grade rating and would avoid actions (such
as large share repurchases, large debt-financed acquisitions, and
other creditor-unfriendly activities) that could jeopardize the
investment grade rating.

Finally, Moody's would need to feel confident that Lennar's metrics
could withstand a financial shock without sinking to low spec grade
type levels.

What Could Change the Rating - Down

if the economic backdrop suddenly and significantly were to take a
turn for the worse, and the company's key credit metrics begin to
deteriorate significantly;

If the company's adjusted gross homebuilding debt leverage were to
increase above 50% on a sustained basis; and/or

If cash flow generation were to become significantly negative for a
prolonged period of time without an offsetting and sufficient
increase in earnings.

Founded in 1954 and headquartered in Miami, Florida, Lennar is the
country's second largest homebuilder. The company operates in 17
states and specializes in the sale of single-family homes for
first-time, move-up, and active adult buyers under the Lennar brand
name. Lennar's Financial Services segment provides mortgage
financing, title insurance and closing services for both buyers of
the company's homes and others. Lennar's Rialto segment is a
vertically integrated asset management platform focused on
investing throughout the commercial real estate capital structure.
Lennar's Multifamily segment is a national developer of multifamily
rental properties. Total revenues, including those of its Rialto,
Multi-family, and Financial Services segments for the twelve months
ending May 31, 2016, were approximately $10.2 billion, and
consolidated net income was $ 867 million.


LEO MOTORS: Amends 42.5M Shares Resale Prospectus with SEC
----------------------------------------------------------
Leo Motors, Inc., filed with the Securities and Exchange Commission
an amended Form S-1 registration statement relating to the sale by
the selling stockholders of up to 42,456,365 shares of common stock
of the Company.  The Company amended the Registration Statement to
delay its effective date.

BOU Trust is deemed to be an "underwriter" within the meaning of
the Securities Act of 1933, as amended, in connection with the
resale of the 38,986,355 shares that it is offering in this
prospectus, although it may not sell those shares pursuant to Rule
144 of the Securities Act.  The prices at which the selling
stockholders may sell shares will be determined by the prevailing
market price for the shares or in privately negotiated
transactions.  The Company will not receive any proceeds from the
sale of these shares by the selling stockholders.  All expenses of
registration incurred in connection with this offering are being
borne by the Company, but all selling and other expenses incurred
by the selling stockholders will be borne by the selling
stockholders.

The Company's common stock is quoted on the OTCQB and trades under
the symbol "LEOM."  On June9, 2016, the last reported sale price of
the Company's common stock as reported on the OTCQB was $0.29 per
share.

A full-text copy of the Form S-1/A is available at:

                 https://is.gd/iVHofy

                    About Leo Motors

Headquartered in Hanam City, Gyeonggi-do, Republic of Korea, Leo
Motors, Inc., a Nevada corporation, is currently engaged in the
research and development of multiple products, prototypes and
conceptualizations based on proprietary, patented and patent
pending electric power generation, drive train and storage
technologies.

In 2011, the Company determined its investment in Leo B&T Inc. an
investment account was impaired and recorded an expense of
$4.5 million.  During the 2012 year the Company had a net non
operating income largely from the result of the forgiveness of
debt for $1.3 million.

Leo Motors reported a net loss of US$4.49 million on US$4.29
million of revenues for the year ended Dec. 31, 2015, compared to a
net loss of US$4.48 million on US$693,000 of revenues for the year
ended Dec. 31, 2014.

As of March 31, 2016, Leo Motors had $6.19 million in total assets,
$5.18 million in total liabilities and $1 million in total equity.


LISA A. KERICH: Plan Confirmation Hearing on August 30
------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of Texas
conditionally approved the outline of the Chapter 11 plan of
reorganization of Lisa Kerich, allowing her to begin soliciting
votes from creditors.

A court hearing to consider final approval of the disclosure
statement and confirmation of the plan is scheduled for August 30,
at 9:30 a.m.  The hearing will take place at Plano Bankruptcy
Courtroom, 660 N. Central Expressway, Third Floor, Plano, Texas.

Objections to the plan are due by August 23.  Ballots accepting or
rejecting the plan must be filed no later than August 25.

                        About Lisa A. Kerich

Lisa A. Kerich sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. E.D. Tex. Case No. 16-40476) on March 16, 2016.  

The case is assigned to Judge Brenda T. Rhoades.  The Debtor is
represented by Christopher J. Moser, Esq., at Quilling Selander
Lownds Winslett Moser.


LUCAS ENERGY: GBH CPAs Raises Going Concern Doubt Due to Losses
---------------------------------------------------------------
Lucas Energy, Inc., filed with the U.S. Securities and Exchange
Commission its annual report on Form 10-K for the fiscal year ended
March 31, 2016.

GBH CPAs, PC, notes that the Company has incurred significant
losses from operations and had a working capital deficit at March
31, 2016.  These factors raise substantial doubt about the
Company's ability to continue as a going concern.

The Company reported a net loss of $25.45 million on $968,146 of
total revenues for the fiscal year ended March 31, 2016, compared
to a net loss of $5.13 million on $3 million of total revenues in
2015.

The Company's balance sheet at March 31, 2016, showed $14.79
million in total assets, $12.39 million in total liabilities, and
total equity of $2.40 million.

At March 31, 2016, the Company's total current liabilities of $11.1
million exceeded its total current assets of $0.5 million,
resulting in a working capital deficit of $10.6 million, while at
March 31, 2015, the Company's total current liabilities of $10.3
million exceeded its total current assets of $0.6 million,
resulting in a working capital deficit of $9.7 million.  The $0.9
million increase in the working capital deficit is primarily
related to cash used from Company's issuance of debt.

A full-text copy of the company's annual report is available for
free at:

                     https://is.gd/ImW6tO

Lucas Energy, Inc. is an independent oil and natural gas company
based in Houston.  The company is engaged in the acquisition and
development of crude oil and natural gas from known productive
geological formations, including the Austin Chalk and Eagle Ford
formations, primarily in Gonzales and Wilson counties, Texas, south
of the city of San Antonio, Texas.



MAGNESIUM CORP: Ch.7 Trustee to Auction Renco Interests on Aug. 11
------------------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of New York
approved the bidding procedures filed by Lee E. Buchwald, the
Chapter 7 trustee of Magnesium Corporation of America and its
debtor-affiliates, for the sale of Renco Litigation Interests.

The Chapter 7 Trustee named AEM SPV LLC as the stalking horse
bidder for the Renco Litigation Interests.

The Renco Litigation Interests consist of the right to receive the
Renco Litigation Consideration from the net proceeds of the
seller's and the Debtors' recoveries from the amended judgment, and
any further proceedings in connection therewith, and the
cross-appeal, and any further proceedings in connection therewith.
In addition, the Renco Litigation Consideration mean the
consideration to be paid by the seller solely from the net proceeds
on account of the Renco Litigation Interest in an amount equal to
the sum of:

   a) $53,750000 plus

   b) a 10% per annum investment return on the purchase
      price, accruing daily beginning on the one year
      anniversary of the date of the closing, and
      compounding annually.

Net Proceeds consist of any cash or other consideration seller and
the Debtors receive in full or partial satisfaction of the amended
judgment and the cross-appeal and any further proceedings in
connection therewith, whether through settlement, enforcement or
otherwise, after deducting from Gross recoveries the sum of:

   a) 3% of gross recoveries on account of the seller's Chapter 7
      commissions;

   b) an amount equal to the sliding scale contingency fee of
      Kellog Huber, seller's appellate counsel, up to a maximum
      of $2,000,000; and

   c) 41% of gross recoveries on account of the contingency fee
      of Beus Gilbert, seller's trial counsel.

The Chapter 7 trustee will conduct an auction for the sale of the
Renco Litigation Interest beginning Aug. 11, 2016, at 10:00 a.m.
(Prevailing Eastern Time) at the offices of Stevens & Lee, P.C.,
485 Madison Avenue, 20th floor, New York, New York.  Bids must be
filed no later than 5:00 p.m. (Prevailing Eastern Time) on Aug. 9,
2016.

A sale hearing will held on Aug. 23, 2016, at 10:00 a.m.
(Prevailing Eastern Time), before the Hon. Mary Kay Vyskocil, the
U.S. Bankruptcy Court for the Southern District of New York, One
Bowling Green, New York, New York, in Room 501.  Objections, if
any, are due Aug. 16, 2016, at 4:00 p.m. (Prevailing Eastern
Time).

The Chapter 7 trustee retained as counsel:

   Stevens & Lee, P.C.
   485 Madison Avenue, 20th floor
   New York, New York 10022
   Attn: Nicholas F. Kajon, Esq.
   Tel: (212) 319-8500
   Email: nfk@stevenslee.com

                         About MagCorp

Magnesium Corporation of America, a unit of Renco Group Inc., was
the largest single producer of magnesium in the United States.  The
Company filed for chapter 11 protection (Bankr. S.D.N.Y. Case No.
01-14312) on Aug. 2, 2001.  The Debtors sold substantially all of
their assets to U.S. Magnesium, LLC, in a Sec. 363 asset sale
transaction.  Judge Robert Gerber ordered the case converted to a
chapter 7 liquidation on Sept. 24, 2003.  When the Company filed
for Chapter 11 protection from its creditors, it listed debts and
assets of more than $100 million.


MARK NELSON: Asks Court to Approve Outline of Chapter 11 Plan
-------------------------------------------------------------
Mark and Andrea Nelson asked the U.S. Bankruptcy Court for the
District of New Jersey to conditionally approve the disclosure
statement detailing their proposed Chapter 11 plan.

The request, if granted by the court, would allow the Debtors to
begin soliciting votes for their plan.

Under U.S. bankruptcy law, a debtor must get court approval of its
disclosure statement to begin soliciting votes from creditors.  The
document must contain adequate information to enable creditors to
make an informed decision about the bankruptcy plan.

In the same filing, the Debtors also asked the court to schedule a
hearing for final approval of the disclosure statement and
confirmation of the plan.

The Debtors are represented by:

     Dean G. Sutton, Esq.
     18 Green Road
     P.O. Box 187
     Sparta, New Jersey 07871
     Phone: (973) 729-8121

                       About The Nelsons

Mark R. and Andrea J. Nelson sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. D. N.J. Case No. 13-28499) on August
23, 2013.


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.


MAURO CEVENINI: Court to Take Up Plan Outline on Sept. 13
---------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Florida is
set to hold a hearing on September 13, at 10.30 a.m., to consider
the disclosure statement detailing the Chapter 11 plan of
reorganization of Mauro Cevenini.

The hearing will take place at the U.S. Bankruptcy Court, 299 E.
Broward Boulevard # 308, Fort Lauderdale, Florida.  Objections are
due by September 6.

Under the plan of reorganization, Mr. Cevenini proposes to make 20
quarterly payments to general unsecured creditors.  Each general
unsecured creditor will receive a pro rata share of $1,000 per
quarter for the payments.

The aggregate amount of scheduled unsecured claims is $170,061,
according to court filings.

Funds to be used to make cash payments under the plan will come
from the collection of rents from Mr. Cevenini's investment
properties in Vero Beach and Gainesville, Florida; from his income
as a business consultant; and from his wife's income as a tax
preparer.

                     About Mauro Cevenini

Mauro Cevenini sought protection under Chapter 13 of the Bankruptcy
Code on May 26, 2015.  The case was converted to a Chapter 11 case
(Bankr. S. D. Fla. Case No. 15-19488) on November 10, 2015.

The case is assigned to Judge John K. Olson.  The Debtor is
represented by Elias Leonard Dsouza, Esq., at DCS Law Group, P.A.


MCCLATCHY CO: Reports Second Quarter 2016 Results
-------------------------------------------------
McClatchy Company reported a net loss of $14.7 million on $242
million of net revenues for the quarter ended June 26, 2016,
compared to a net loss of $296 million on $262 million of net
revenues for the quarter ended June 28, 2015.

For the six months ended June 26, 2016, McClatchy reported a net
loss of $27.5 million on $480 million of net revenues compared to a
net loss of $308 million on $520 million of net revenues for the
six months ended June 28, 2015.

Pat Talamantes, McClatchy's president and CEO, said, "As we look at
the second quarter and first half results we see relative stability
in operating cash flow and free cash flow compared to 2015 and
continued success in our digital business.  Our free cash flow for
the trailing twelve months ending in the second quarter of 2016 was
$63.4 million, an improvement over the $56.1 million for the
trailing twelve months ending in the first quarter of 2016.  We
again reported strong digital-only results, up 16.1% in
digital-only advertising in the quarter -- our third consecutive
quarter of double-digit growth. We expect double-digit growth in
the second half of 2016 as well.  Our average unique visitors to
our digital platforms grew 31.1% to more than 53 million.

"Importantly, we continue to deliver on our digital transformation
through innovative investments and partnerships, including being an
original partner and leader in Nucleus Marketing Solutions
(Nucleus).  Nucleus, a marketing solutions network for national
advertisers, officially launched on July 1, 2016, and is a great
example of how our industry can work together to create new
business models.  McClatchy intends to help lead that process,
whether it is through Nucleus, the Local Media Consortium or shared
investments.

"We also made further progress in reducing legacy costs.  In the
second quarter, we announced we were moving our production
operations in Wichita, Kan., and Fresno, Ca., to other McClatchy
facilities and our Lexington, Ky., production operations to a third
party.  This type of consolidation not only allows for significant
costs savings, but also allows us to unlock the value of our real
estate portfolio.  As a result of these moves, Wichita's main
building is now one of three properties contracted for sale and
anticipated to close in 2016.  In fact, our efforts to monetize our
real estate assets are beginning to show results. We are in the
process of working with prospective buyers on our Sacramento, CA,
Kansas City, MO, and Columbia, SC main office buildings and
printing facilities for sale-leaseback transactions, as well as
working with potential interested buyers on terms for several other
properties."

Talamantes continued, "We have been pleased with the feedback
received on the reverse stock split which has now been effective
for more than a month.  Along with the reverse stock split, the
Board also approved an amendment to the share repurchase plan,
increasing the total available for repurchases through 2016 from
$15 million to $20 million.  Under that program, we repurchased
234,000 shares of Class A stock during the quarter.  Cumulatively
through the second quarter of 2016, total shares repurchased
reached 1.2 million at an average price of $11.99."

The Company reaffirms the guidance provided for all of 2016.
Digital-only advertising revenue is expected to grow at a
double-digit rate in the second half of 2016.  While the company
remains committed to communicating the value of print advertising,
the declining trends in direct marketing and print advertising are
not anticipated to subside in the next two quarters.  Management
expects print advertising revenues will continue to become a
smaller portion of advertising and total revenues.

Audience revenues are expected to be relatively flat for all of
2016.  Management will be vigilant in reducing legacy costs and
finding efficiencies and expect cash expenses to decline in the
second half and full year 2016.  Management will also remain
focused on growing digital revenues, stabilizing operating cash
flow, reducing debt and interest costs and creating shareholder
value.

A full-text copy of the press release is available at:

                   https://is.gd/ghDKwv

                 About The McClatchy Company

Sacramento, Cal.-based The McClatchy Company (NYSE: MNI)
-- http://www.mcclatchy.com/-- is a media company that provides
both print and digital news and advertising services.  Its
operations include 30 daily newspapers, community newspapers,
websites, mobile news and advertising, niche publications, direct
marketing and direct mail services.  Its owned newspapers include,
among others, the (Fort Worth) Star-Telegram, The Sacramento Bee,
The Kansas City Star, the Miami Herald, The Charlotte Observer,
and The (Raleigh) News & Observer.  The Company holds interest in
digital assets which include CareerBuilder, LLC, Classified
Ventures, LLC, HomeFinder, LLC, and Wanderful Media.

McClatchy reported a net loss of $300 million on $1.05 billion of
net revenues for the year ended Dec. 27, 2015, compared to net
income of $374 million on $1.14 billion of net revenues for the
year ended Dec. 28, 2014.

As of March 27, 2016, the Company had $1.88 billion in total
assets, $1.70 billion in total liabilities and $179 million in
total stockholders' equity.

                           *     *     *

McClatchy carries a 'Caa1' corporate family rating from Moody's
Investors Service.  In May 2011, Moody's changed the rating
outlook from stable to positive following the company's
announcement that it closed on the sale of land in Miami for
$236 million.  The outlook change reflects Moody's expectation
that McClatchy will utilize the net proceeds to reduce debt,
including its underfunded pension position, which will reduce
leverage by approximately half a turn and lower required
contributions to the pension plan over the next few years.

As reported by the TCR on April 2, 2014, Standard & Poor's Ratings
Services affirmed all ratings on U.S. newspaper company The
McClatchy Co., including the 'B-' corporate credit rating, and
revised the rating outlook to stable from positive.  The outlook
revision to stable reflects S&P's expectation that the
timeframe for a potential upgrade lies beyond the next 12 months,
and could also depend on the company realizing value from its
digital minority interests.


MCELRATH LEGAL: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: McElrath Legal Holding, LLC
        1641 Saw Mil Run Boulevard
        Pittsburgh, PA 15210

Case No.: 16-22568

Chapter 11 Petition Date: July 11, 2016

Court: United States Bankruptcy Court
       Western District of Pennsylvania (Pittsburgh)

Judge: Hon. Carlota M. Bohm

Debtor's Counsel: Gary William Short, Esq.
                  212 Windgap Road
                  Pittsburgh, PA 15237
                  Tel: 412-765-0100
                  Fax: 412-536-3977
                  E-mail: garyshortlegal@gmail.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Paul McElrath, president.

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/pawb16-22568.pdf


MF GLOBAL: Corzine, Others Ink $132-Mil. Deal with Trustee
----------------------------------------------------------
The American Bankruptcy Institute, citing Jonathan Stempel of
Reuters, reported that Jon Corzine has settled a lawsuit by the
trustee for the former New Jersey governor's company MF Global
Holdings Ltd, as part of a $132 million accord to end much of the
remaining litigation over the brokerage’s 2011 collapse.

According to the report, lawyers for the trustee Nader Tavakoli and
MF Global's bankruptcy plan administrator asked a U.S. bankruptcy
judge to approve the payout, saying it "provides closure and
maximizes recoveries to the estates' creditors."

A substantial majority of the payout would be made by insurers on
behalf of Corzine and other defendants, including MF Global's
former Chief Operating Officer Bradley Abelow and former Chief
Financial Officer Henri Steenkamp, the report related.  They have
denied mismanaging MF Global, and did not admit liability in
agreeing to settle, the report said.

Individual defendants, whose identities are confidential, would
fund part of the payout, which includes interest payments to
customers who have already recouped their funds, the report further
related.

The accord "will provide for much greater recoveries for creditors
than they could have expected when MF Global filed for bankruptcy,"
the report cited Tavakoli as saying in a phone interview on
Thursday.

                          About MF Global

New York-based MF Global -- http://www.mfglobal.com/-- was one of

the world's leading brokers of commodities and listed derivatives.
MF Global provides access to more than 70 exchanges around the
world.  The firm also was one of 22 primary dealers authorized to
trade U.S. government securities with the Federal Reserve Bank of
New York.  MF Global's roots go back nearly 230 years to a sugar
brokerage on the banks of the Thames River in London.

On Oct. 31, 2011, MF Global Holdings Ltd. and MF Global Finance
USA Inc. filed voluntary Chapter 11 petitions (Bankr. S.D.N.Y.
Case Nos. 11-15059 and 11-5058), after a planned sale to
Interactive Brokers Group collapsed.  As of Sept. 30, 2011, MF
Global had $41,046,594,000 in total assets and $39,683,915,000 in
total liabilities.

On Nov. 7, 2011, the United States Trustee appointed the statutory
creditors' committee in the Debtors' cases.  At the behest of the
Statutory Creditor's Committee, the Court directed the U.S.
Trustee to appoint a chapter 11 trustee.  On Nov. 28, 2011, the
Bankruptcy Court entered an order approving the appointment of
Louis J. Freeh, Esq., of Freeh Group International Solutions, LLC,
as Chapter 11 trustee.

On Dec. 19, 2011, MF Global Capital LLC, MF Global Market Services
LLC and MF Global FX Clear LLC filed voluntary Chapter 11
petitions (Bankr. S.D.N.Y. Case Nos. 11-15808, 11-15809 and
11-15810).  On Dec. 27, the Court entered an order installing Mr.
Freeh as Chapter 11 Trustee of the New Debtors.

On March 2, 2012, MF Global Holdings USA Inc. filed a voluntary
Chapter 11 petition (Bankr. S.D.N.Y. Case No. 12-10863), and Mr.
Freeh also was installed as its Chapter 11 Trustee.

Judge Honorable Martin Glenn presides over the Chapter 11 case.
J. Gregory Milmoe, Esq., Kenneth S. Ziman, Esq., and J. Eric
Ivester, Esq., at Skadden, Arps, Slate, Meagher & Flom LLP, serve
as bankruptcy counsel.  The Garden City Group, Inc., serves as
claims and noticing agent.  The petition was signed by Bradley I.
Abelow, Executive Vice President and Chief Executive Officer of MF
Global Finance USA Inc.

The Chapter 11 Trustee has tapped (i) Freeh Sporkin & Sullivan
LLP, as investigative counsel; (ii) FTI Consulting Inc., as
restructuring advisors; (iii) Morrison & Foerster LLP, as
bankruptcy counsel; and (iv) Pepper Hamilton as special counsel.

The Official Committee of Unsecured Creditors has retained
Capstone Advisory Group LLC as financial advisor, while lawyers at
Proskauer Rose LLP serve as counsel.

The Securities Investor Protection Corporation commenced
liquidation proceedings against MF Global Inc. to protect
customers.  James W. Giddens was appointed as trustee pursuant to
the Securities Investor Protection Act.  He is a partner at Hughes
Hubbard & Reed LLP in New York.

Jon Corzine, the former New Jersey governor and co-CEO of
Goldman Sachs Group Inc., stepped down as chairman and chief
executive officer of MF Global just days after the bankruptcy
filing.

In April 2013, the Bankruptcy Court approved MF Global Holdings'
plan to liquidate its assets.  Bloomberg News reported that the
court-approved disclosure statement initially told
creditors with $1.134 billion in unsecured claims against the
parent holding company why they could expect a recovery of 13.4%
to 39.1% from the plan.  As a consequence of a settlement with
JPMorgan, supplemental materials informed unsecured creditors
their recovery was reduced to the range of 11.4% to 34.4%.  Bank
lenders will have the same recovery on their $1.174 billion claim
against the holding company.  As a consequence of the settlement,
the predicted recovery became 18% to 41.5% for holders of $1.19
billion in unsecured claims against the finance subsidiary,
one of the companies under the umbrella of the holding company
trustee.  Previously, the predicted recovery was 14.7% to 34% on
bank lenders' claims against the finance subsidiary.


MILESTONE SCIENTIFIC: Hires Friedman LLP as New Accountants
-----------------------------------------------------------
Milestone Scientific Inc. engaged Friedman LLP as its new
independent registered public accounting firm and dismissed Baker
Tilly Virchow Krause, LLP from serving as the Company's independent
registered public accounting firm effective July 18, 2016.  As
disclosed in a regulatory filing with the Securities and Exchange
Commission, the Company's decision to dismiss Baker Tilly was based
on its determination to lower its audit and audit related expenses.
The Company's Audit Committee unanimously approved and authorized
the change, directed the process of review of candidate firms to
replace Baker Tilly and made the final decision to engage Friedman
LLP.

The reports of Baker Tilly on the financial statements of the
Company for the years ended Dec. 31, 2014, and 2015 contained no
adverse opinion or disclaimer of opinion and were not qualified or
modified as to uncertainty, audit scope or accounting principle. In
connection with its audits of the years ended Dec. 31, 2014, and
2015 and reviews of the Company's financial statements through the
Effective Date there were no disagreements with Baker Tilly 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 Baker Tilly, would have caused
them to make reference thereto in their reports on the financial
statements.

During the two most recent fiscal years and through the Effective
Date, the Company has not consulted with Friedman LLP on any matter
that (i) involved the application of accounting principles to a
specified transaction, either completed or proposed, or the type of
audit opinion that might be rendered on the Company's financial
statements.

                     About Milestone Scientific

Livingston, N.J.-based Milestone Scientific Inc. is engaged in
pioneering proprietary, innovative, computer-controlled injection
technologies and solutions for the medical and dental markets.

Milestone Scientific reported a net loss attributable to the
Company of $5.46 million on $9.49 million of net product sales for
the year ended Dec. 31, 2015, compared to a net loss attributable
to the Company of $1.70 million on $10.33 million of net product
sales for the year ended Dec. 31, 2014.

As of March 31, 2016, Milestone Scientific had $11.60 million in
total assets, $3.24 million in total liabilities, all current, and
total equity of $8.36 million.


MILLENIUM HEALTH: Court OKs Ameritox Bid for Prejudgment Interest
-----------------------------------------------------------------
Judge William M. Conley of the United States District Court for the
Western District of Wisconsin granted in part and reserved in part
plaintiffs Ameritox Ltd. and Marshfield Clinic, Inc.'s motion for
prejudgment interest and enhanced damages pursuant to 35 U.S.C.
section 284.  The judge, however, denied the plaintiffs' motion for
attorneys' fees, expert witness fees and additional expenses.

Having received notice from the bankruptcy court that the
plaintiffs' claim may proceed, the court took up the two pending
post-trial motions in the patent lawsuit, both brought by Ameritox
and Marshfield Clinic.  The motions were previously stayed by
virtue of the defendant Millennium Health, LLC's filing for Chapter
11 protection in the United States Bankruptcy Court for the
District of Delaware.

In the first motion, the plaintiffs sought prejudgment interest and
enhanced damages pursuant to 35 U.S.C. section 284.  Judge Conley
awarded prejudgment interest in the amount of $1,148,164.21, and
reserved on the plaintiff's motion for enhanced damages pursuant to
section 284 pending supplemental briefing.

In the second motion, the plaintiffs sought attorneys' fees, expert
witness fees and additional expenses under 38 U.S.C. section 285
and the district court's inherent authority.  Judge Conley denied
that motion.

A full-text copy of Judge Conley's July 18, 2016 opinion and order
is available at https://is.gd/GXjuMP from Leagle.com.

The case is AMERITOX, LTD., and MARSHFIELD CLINIC, INC.,
Plaintiffs, v. MILLENNIUM HEALTH, LLC, Defendant, No. 13-cv-832-wmc
(W.D. Wis.).

Ameritox, Ltd. is represented by:

          James P. Ulwick, Esq.
          KRAMON AND GRAHAM PA
          One South Street, Suite 2600
          Baltimore, MD 21202
          Tel: (410)752-6030
          Fax: (410)539-1269
          Email: julwick@kg-law.com

            -- and --

          Adam Louis Marchuk, Esq.
          Mark T. Smith, Esq.
          Michael R. Osterhoff, Esq.
          Patrick M. Collins, Esq.
          Tiffany Patrice Cunningham, Esq.
          Timothy J. Carroll, Esq.
          PERKINS COIE LLP
          131 South Dearborn Street, Suite 1700
          Chicago, IL 60603-5559
          Tel: (312)324-8400
          Fax: (312)324-9400
          Email: amarchuk@perkinscoie.com
                 marksmith@perkinscoie.com
                 mosterhoff@perkinscoie.com
                 pcollins@perkinscoie.com
                 tcunningham@perkinscoie.com
                 tcarroll@perkinscoie.com

Marshfield Clinic, Inc. is represented by:

          James P. Ulwick, Esq.
          KRAMON AND GRAHAM PA
          One South Street, Suite 2600
          Baltimore, MD 21202
          Tel: (410)752-6030
          Fax: (410)539-1269
          Email: julwick@kg-law.com

            -- and --

          Naikang Tsao, Esq.
          Kimberly Kristin Dodd, Esq.
          FOLEY & LARDNER LLP
          Suite 5000
          150 East Gilman Street
          Madison, WI 53703-1482
          Email: ntsao@foley.com
                 kdodd@foley.com

            -- and --

          Adam Louis Marchuk, Esq.
          Michael R. Osterhoff, Esq.
          Timothy J. Carroll, Esq.
          PERKINS COIE LLP
          131 South Dearborn Street, Suite 1700
          Chicago, IL 60603-5559
          Tel: (312)324-8400
          Fax: (312)324-9400
          Email: amarchuk@perkinscoie.com  
                 mosterhoff@perkinscoie.com
                 tcarroll@perkinscoie.com

            -- and --

          Matthew Brewer, Esq.
          Peter Benjamin Bensinger, Jr., Esq.
          BARTLIT BECK HERMAN PALENCHAR & SCOTT
          Courthouse Place
          54 West Hubbard Street, Suite 300
          Chicago, IL 60654
          Tel: (312)494-4400
          Fax: (312)494-4440
          Email: matthew.brewer@bartlit-beck.com
                 peter.bensinger@bertlit-beck.com

Millennium Health, LLC is represented by:

          Robert Benjamin Wolinsky, Esq.
          Bonnie Chen, Esq.
          Rebecca Cheryl Mandel, Esq.
          Steven P. Hollman, Esq.
          HOGAN LOVELLS US LLP
          Columbia Square
          555 Thirteenth Street, NW
          Washington, D.C. 20004
          Tel: (202)637-5600
          Fax: (202)637-5910
          Email: robert.wolinsky@hoganlovells.com

            -- and --
                 
          Arlene L. Chow, Esq.
          HOGAN LOVELLS US LLP
          875 Third Avenue
          New York, NY 10022
          Tel: (212)918-3000
          Fax: (212)918-3100
          Email: arlene.chow@hoganlovells.com

            -- and --

          Douglas Maynard Poland, Esq.
          Jennifer Lynn Gregor, Esq.
          GODFREY & KAHN S.C.
          One East Main Street, Suite 500
          Madison, WI 53701-2719
          Tel: (608)257-3911
          Fax: (608)257-0609
          Email: jgregor@gklaw.com
                 

Ameritox, Ltd. is represented by:

          James P. Ulwick, Esq.
          KRAMON AND GRAHAM PA
          One South Street, Suite 2600
          Baltimore, MD 21202
          Tel: (410)752-6030
          Fax: (410)539-1269
          Email: julwick@kg-law.com

            -- and --

          Adam Louis Marchuk, Esq.
          Michael R. Osterhoff, Esq.
          Patrick M. Collins, Esq.          
          Tiffany Patrice Cunningham, Esq.
          Timothy J. Carroll, Esq.
          PERKINS COIE LLP
          131 South Dearborn Street, Suite 1700
          Chicago, IL 60603-5559
          Tel: (312)324-8400
          Fax: (312)324-9400
          Email: amarchuk@perkinscoie.com  
                 mosterhoff@perkinscoie.com
                 pcollins@perkinscoie.com
                 tcunningham@perkinscoie.com
                 tcarroll@perkinscoie.com


MOTORS LIQUIDATION: Files GUC Trust Report as of June 30
--------------------------------------------------------
Pursuant to the Second Amended and Restated Motors Liquidation
Company GUC Trust Agreement dated as of July 30, 2015, and between
the parties thereto, Wilmington Trust Company, acting solely in its
capacity as trust administrator and trustee of the Motors
Liquidation Company GUC Trust, is required to file certain GUC
Trust Reports (as such term is defined in the GUC Trust Agreement)
with the Bankruptcy Court for the Southern District of New York. In
addition, pursuant to that certain Bankruptcy Court Order
Authorizing the GUC Trust Administrator to Liquidate New GM
Securities for the Purpose of Funding Fees, Costs and Expenses of
the GUC Trust and the Avoidance Action Trust, dated March 8, 2012,
the GUC Trust Administrator is required to file certain quarterly
variance reports as described in the third sentence of Section 6.4
of the GUC Trust Agreement with the Bankruptcy Court.

On July 22, 2016, the GUC Trust Administrator filed the GUC Trust
Report required by Section 6.2(c) of the GUC Trust Agreement
together with the Budget Variance Report, each for the fiscal
quarter ended June 30, 2016.  In addition, the Motors Liquidation
Company GUC Trust announced that no distribution in respect of its
Units (as such term is defined in the GUC Trust Agreement) is
anticipated for the fiscal quarter ended June 30, 2016.

A copy of the Bankruptcy Court filing is available for free at:

                       https://is.gd/HbcOTZ

                     About Motors Liquidation

General Motors Corporation and three of its affiliates filed for
Chapter 11 protection (Bankr. S.D.N.Y. Lead Case No. 09-50026) on
June 1, 2009.  The Honorable Robert E. Gerber presides over the
Chapter 11 cases.  Harvey R. Miller, Esq., Stephen Karotkin,
Esq., and Joseph H. Smolinsky, Esq., at Weil, Gotshal & Manges
LLP, assist the Debtors in their restructuring efforts.  Al Koch
at AP Services, LLC, an affiliate of AlixPartners, LLP, serves as
the Chief Executive Officer for Motors Liquidation Company.  GM
is also represented by Jenner & Block LLP and Honigman Miller
Schwartz and Cohn LLP as counsel.  Cravath, Swaine, & Moore LLP
is providing legal advice to the GM Board of Directors.  GM's
financial advisors are Morgan Stanley, Evercore Partners and the
Blackstone Group LLP.  Garden City Group is the claims and notice
agent of the Debtors.

The U.S. Trustee appointed an Official Committee of Unsecured
Creditors and a separate Official Committee of Unsecured
Creditors Holding Asbestos-Related Claims.  Lawyers at Kramer
Levin Naftalis & Frankel LLP served as bankruptcy counsel to the
Creditors Committee.  Attorneys at Butzel Long served as counsel
on supplier contract matters.  FTI Consulting Inc. served as
financial advisors to the Creditors Committee.  Elihu Inselbuch,
Esq., at Caplin & Drysdale, Chartered, represented the Asbestos
Committee.  Legal Analysis Systems, Inc., served as asbestos
valuation analyst.

The Bankruptcy Court entered an order confirming the Debtors'
Second Amended Joint Chapter 11 Plan on March 29, 2011.  The Plan
was declared effect on March 31.

On Dec. 15, 2011, Motors Liquidation Company was dissolved.  On
the Dissolution Date, pursuant to the Plan and the Motors
Liquidation Company GUC Trust Agreement, dated March 30, 2011,
between the parties thereto, the trust administrator and trustee
-- GUC Trust Administrator -- of the Motors Liquidation Company
GUC Trust, assumed responsibility for the affairs of and certain
claims against MLC and its debtor subsidiaries that were not
concluded prior to the Dissolution Date.

Motors Liquidation had $669 million in total assets, $56.4 million
in total liabilities and $613 million in net assets in liquidation
as of Dec. 31, 2015.


NEAL COY: Selling Two Properties to Quadrant Corp
-------------------------------------------------
Neal C. Coy filed with the U.S. Bankruptcy Court for the Western
District of Washington a motion for authorization to sell real
property located at King County tax assessor numbers 1326069057 and
1326069070 to The Quadrant Corporation ("the Buyer").

A hearing is scheduled for Aug. 5, 2016, at 9:30 a.m.  Objections
are due July 29.

These two parcels are subject to pending requests for annexation
and preliminary plat approval with the City of Duvall.  As
described in more detail in the Debtor's previously-approved
Disclosure Statement, that process is ongoing and the exact timing
and results are not known until completion, which provides an
element of uncertainty with these two properties.

The purchase price is dependent upon the number of lots generated
from the Properties.  As detailed on the declaration of Neal Coy,
that number in turn is dependent upon the results of a wetland
study and other factors which can only be determined from future
work by Quadrant, which will only take place once the agreement has
been approved by the Bankruptcy Court. For that reason, Debtor has
noted the agreements for approval at this time.

As set forth in the declaration of Neal Coy, the Buyer is unrelated
to the Debtor and the transaction was negotiated at arm's-length.

Neal C. Coy filed a Chapter 11 petition (Bankr. W.D. Wash. Case No.
13-20960) on Dec. 19, 2013, and is represented by:

          Emily Jarvis
          WELLS AND JARVIS, P.S.
          502 Logan Building
          500 Union Street
          Seattle, WA 98101-2332
          Tel: 206-624-0088
          Fax: 206-624-0086


NET ELEMENT: Has 4.9 Million Shares Resale Prospectus
-----------------------------------------------------
Net Element, Inc., filed a Form S-1 registration statement with the
Securities and Exchange Commission  relating to the sale of up to
4,951,456 shares of common stock of the Company by ESOUSA Holdings,
LLC.

The prices at which the selling stockholder may sell the shares
will be determined by the prevailing market price for the shares or
in negotiated transactions.  The Company will not receive proceeds
from the sale of the shares by the selling stockholder. However,
the Company may receive proceeds of up to $10 million from the sale
of its common stock to the selling stockholder, pursuant to a
common stock purchase agreement entered into with the selling
stockholder on July 6, 2016, once the registration statement, of
which this prospectus is a part, is declared effective.

The selling stockholder is an "underwriter" within the meaning of
the Securities Act of 1933, as amended.  The Company will pay the
expenses of registering these shares, but all selling and other
expenses incurred by the selling stockholder will be paid by the
selling stockholder.

The Company's common stock is listed on the Nasdaq Capital Market
under the ticker symbol "NETE."  On July 19, 2016, the last
reported sale price per share of the Company's common stock was
$2.09 per share.

A full-text copy of the Form S-1 is available for free at:

                       https://is.gd/yUnbaX

                        About Net Element

Miami, Fla.-based Net Element International, Inc., formerly Net
Element, Inc., currently operates several online media Web sites in
the film, auto racing and emerging music talent markets.

Net Element reported a net loss of $13.3 million on $40.2 million
of total revenues for the year ended Dec. 31, 2015, compared to a
net loss of $10.21 million on $21.4 million of total revenues for
the year ended Dec. 31, 2014.

As of March 31, 2016, Net Element had $21.61 million in total
assets, $14.05 million in total liabilities and $7.55 million in
total stockholders' equity.

Daszkal Bolton LLP, in Fort Lauderdale, Florida, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the Company has sustained
recurring losses from operations and has working capital and
accumulated deficits that raise substantial doubt about its ability
to continue as a going concern.


NET ELEMENT: To Acquire PayStar and Nexcharge
---------------------------------------------
Net Element, Inc., announced the entry into a binding letter of
intent to acquire a majority interest in PayStar, Inc., a
comprehensive remittance and e-wallet platform for emerging markets
and Nexcharge, Inc., a proprietary payment processing, fraud
management and merchant management platform.

It is contemplated that Net Element together with PayStar and
Nexcharge will create one or more entities into which PayStar and
Nexcharge will contribute all their assets, with Net Element owning
a 51% interest in the newly created entities.  Pursuant to the
terms of the agreement, Net Element will have the irrevocable sole
and exclusive option to acquire the remaining 49% interest in the
newly created entities during the 12 months from the closing of the
transaction.

PayStar delivers a Software as a Service solution to financial
institutions for their payroll and merchant management services.
PayStar introduced its mobile remittance system in the Gulf
Cooperation Council region, targeting a booming migrant worker
population.  PayStar aims to expand its mobile payroll and
remittance services throughout the Middle East, starting with
Qatar, United Arab Emirates, Oman and Saudi Arabia.  In these
markets PayStar has contracted with Commercial Bank of Qatar United
Limited and National Bank of Oman, which positions PayStar to
market its services to more than 15 million migrant workers.  In
addition, PayStar has contracts with Habitat Bank in Tunisia,
Morocco and Algeria as well as Philippines National Bank in
Philippines, Indusind Bank in India and ThamelRemit in Nepal.
PayStar's mobile payments capabilities are available in KSA,
through contracts with Mobility, a leading mobile network operator
with an installed migrant customer base of 7+ million subscribers.

Nexcharge transaction processing platform was developed to make it
easy for acquiring banks and Payment Service Providers to connect
with merchants in a secure, stable processing environment.  It also
allows merchants the ability to connect to numerous acquiring banks
and PSPs in a convenient fashion without additional application
requirements.  Once Nexcharge has approved a merchant, that
merchant is automatically approved within the network of integrated
providers.  In most cases the merchant will be unaware of the
identity of the acquiring bank assisting with the transactions.
The Nexcharge platform has adopted the Payment Card Industry Data
Security Standard Level 1 (PCI DSS) with increased controls around
cardholder data to reduce credit card fraud via its exposure.

The successful closing of these acquisitions will allow Net Element
to cross-sell its products and services while deploying PayStar and
Nexcharge technologies and services in selected emerging markets.

"These acquisitions will allow Net Element to present transactions
for processing directly to Visa, MasterCard, American Express and
other networks, as well as expand our presence in GCC region and
other selected markets," commented Oleg Firer, CEO of Net
Element."

"These acquisitions will add to the growth of our business and
increase market share internationally."

"We are extremely excited about this opportunity.  Positioning our
companies on Net Element's worldwide platform utilizing our
in-demand technologies allows Nexcharge and Paystar the opportunity
to extend and grow into those market verticals that Net Element has
already penetrated," states Christopher Berlandier, founder.

Terms of the proposed acquisitions are disclosed in Net Element's
Form 8-K, which is available for free at https://is.gd/rBbeQo

Closing of the acquisitions is subject to Net Element's
satisfactory completion of due diligence, definitive documentation
and other customary closing conditions.

                        About Net Element

Miami, Fla.-based Net Element International, Inc., formerly Net
Element, Inc., currently operates several online media Web sites in
the film, auto racing and emerging music talent markets.

Net Element reported a net loss of $13.3 million on $40.2 million
of total revenues for the year ended Dec. 31, 2015, compared to a
net loss of $10.21 million on $21.4 million of total revenues for
the year ended Dec. 31, 2014.

As of March 31, 2016, Net Element had $21.61 million in total
assets, $14.05 million in total liabilities and $7.55 million in
total stockholders' equity.

Daszkal Bolton LLP, in Fort Lauderdale, Florida, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the Company has sustained
recurring losses from operations and has working capital and
accumulated deficits that raise substantial doubt about its ability
to continue as a going concern.


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 to NKY MHMR Properties, Inc.,
for $112,500, subject to the completion of an inspection
satisfactory to the buyer.

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

All sale proceeds attributable to the purchase price for sale of
the 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 assets between $1 million and $10 million and
liabilities 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.


NEW YORK CRANE: Taps LaMonica Herbst as Special Counsel
-------------------------------------------------------
New York Crane & Equipment Corp. seeks approval from the U.S.
Bankruptcy Court for the Eastern District of New York to hire
LaMonica Herbst & Maniscalco, LLP as special counsel.

New York Crane tapped the firm to represent the company and its
affiliates in matters where their lead counsel Goldberg Weprin
Finkel Goldstein LLP cannot represent them due to a conflict of
interest.   

The firm's professionals and their hourly rates are:

     Paraprofessionals     $175
     Associates            $415
     Partners              $595

Gary Herbst, Esq., at LaMonica, disclosed in a court filing that
the firm is a "disinterested person" as defined in section 101(14)
of the Bankruptcy Code.

The firm can be reached through:

     Gary F. Herbst, Esq.
     LaMonica Herbst & Maniscalco, LLP
     3305 Jerusalem Avenue, Suite 201
     Wantagh, NY 11793
     Phone: (516) 826-6500

                        About New York Crane

New York Crane & Equipment Corp., J.F. Lomma, Inc. (De.), J.F.
Lomma, Inc. (N.J.), and James F. Lomma filed Chapter 11 bankruptcy
petitions (Bankr. E.D.N.Y. Case Nos. 16-40043, 16-40044, 16-40045
and 16-40048, respectively.  The petitions were signed by James F.
Lomma as president.  New York Crane & Equipment disclosed total
assets of $9.8 million and total debts of $22.05 million.  Goldberg
Weprin Finkel Goldstein LLP serves as the Debtors' counsel.  Judge
Carla E. Craig presides over the cases.

The corporate Debtors operate crane, trucking and rigging companies
doing business in New York City and other parts of the country.
James Lomma is the president and sole shareholder of the corporate
Debtors.

On January 8, 2016, an Order was entered providing for the joint
administration of these related Chapter 11 cases.

An Official Committee of Unsecured Creditors has been appointed,
and has tapped Togut, Segal & Segal LLP as its counsel.


NOVATION COMPANIES: Hires Olshan Frome Wolosky as Co-Counsel
------------------------------------------------------------
Novation Companies, Inc., et al., seek permission from the
Bankruptcy Court to employ Olshan Frome Wolosky LLP as their
co-counsel effective as of the Petition Date.

Olshan has represented the Debtors since May 2015 in connection
with a corporate transaction and in October 2015 began representing
the Debtors on general corporate and securities matters, including
without limitation quarterly, annual and current report filings
required pursuant to federal securities laws, as well as other SEC
filings, employment matters, and other general corporate matters.
Olshan has also represented the Debtors in their negotiations with
the holders of the senior notes and the Chapter 11 bankruptcy
filings.

Olshan will, among other tasks:

  (a) assist, advise and represent the Debtors with respect
      to general corporate and securities law and the
      administration of these cases and oversight of their
      affairs, including all issues arising from or impacting the
      Debtors or these Chapter 11 cases;

  (b) take all necessary action to protect and preserve the
      Debtors' estates during the administration of these Chapter
      11 cases, including prosecuting actions by the Debtors,
      defending actions commenced against the Debtors, negotiating

      and objecting, where necessary, to claims filed against the
      estates;

  (c) assist the Debtors in maximizing the value of their assets
      for the benefit of all creditors, including, without
      limitation, in connection with assumption or rejection
      of executory contracts and unexpired leases;

  (d) prepare, on behalf of the Debtors, necessary applications,
      motions, answers, orders, reports and other legal papers;

  (e) appear in Court and represent the interests of the Debtors;

  (f) prepare and pursue confirmation of a Chapter 11 plan and
      approval of an associated disclosure statement; and

  (g) perform all other legal services for the Debtors which are
      appropriate, necessary and proper in these Chapter 11
      proceedings.

The Debtors wishes to employ Olshan under a general retainer
agreement with fees based on Olshan's normal hourly rates.

As of the Petition Date, the hourly rates for the professionals at
Olshan are as follows: Partners and Counsel: $530 to $850 per hour;
Associates: $290 to $540 per hour; Legal Assistants: $150 to $325
per hour.  In addition, Olshan will also seek reimbursement of
expenses in accordance with the applicable provisions of the
Bankruptcy Code.

Olshan represents it is a "disinterested person" as that term is
defined in Section 101(14) 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.


NOVATION COMPANIES: Taps Shapiro Sher as Co-Counsel
---------------------------------------------------
Novation Companies, Inc., et al., seek authority from the
Bankruptcy Court to employ Shapiro Sher Guinot & Sandler as their
co-counsel effective as of the Petition Date.

The professional services that Shapiro Sher will render to the
Debtors include, but will not be limited to, the following:

   (a) rendering assistance and advice and representing the
       Debtors with respect to the administration of these cases
       and oversight of the Debtors' affairs, including all issues
       arising from or impacting the Debtors or these Chapter 11
       cases;

   (b) take all necessary action to protect and preserve the
       Debtors' estates during the administration of these Chapter
       11 cases, including prosecuting actions by the Debtors,
       defending actions commenced against the Debtors,
       negotiating and objecting, where necessary, to claims filed
       against the estates;

   (c) assisting the Debtors in maximizing the value of their
       assets for the benefit of all creditors and stakeholders,
       including, without limitation, in connection with
       assumption and rejection of executory contracts and
       unexpired leases;

   (d) preparing, on behalf of the Debtors, necessary
       applications, motions;

   (e) appearing in Court and representing the interests of the
       Debtors;

   (f) preparing and pursuing confirmation of a Chapter 11 plan
       and approval of an associated disclosure statement; and

   (g) performing all other legal services for the Debtors which
       are appropriate, necessary and proper in these Chapter 11
       proceedings.

Shapiro Sher has agreed to provide legal services to the Debtors
based on the amount of time devoted to a matter at hourly rates for
the particular professional involved, in increments of one-tenth of
one hour.  The firm's rates are subject to annual adjustment to
reflect economic and market conditions.  As of the Petition Date,
the hourly rates for the professionals at Shapiro Sher are as
follows:

       Partners:      $450.00 to $605.00 per hour
       Associates:    $285.00 to $440.00 per hour
       Paralegals:    $220.00 to $240.00 per hour

Shapiro Sher intends to apply to the Court for allowances of
compensation and reimbursement of expenses.

Shapiro Sher represents it is a "disinterested person" as that term
is defined in Section 101(14) 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.


OAK RIVER ASSET: Seeks to Hire Levene Neale as Legal Counsel
------------------------------------------------------------
Oak River Asset Management LLC seeks approval from the U.S.
Bankruptcy Court for the Central District of California to hire
Levene, Neale, Bender, Yoo & Brill LLP.

The firm will serve as the Debtor's legal counsel in connection
with its Chapter 11 case.  The services to be provided by Levene
include:

     (a) advising the Debtor with respect to the requirements of
         bankruptcy law, the court and the U.S. trustee;

     (b) advising the Debtor with respect to certain rights and
         remedies of its bankruptcy estate and the rights, claims
         and interests of creditors;

     (c) representing the Debtor in any proceeding or hearing in
         the bankruptcy court;

     (d) conducting examinations of witnesses, claimants or
         adverse parties and representing the Debtor in any
         adversary proceeding;

     (e) preparing legal papers;

     (f) assisting the Debtor in obtaining debtor-in-possession
         financing or cash collateral; and

     (g) assisting the Debtor in the negotiation and formulation
         of a plan of reorganization.

David Golubchik and Jeffrey Kwong, the attorneys expected to
represent the Debtor, will be paid $595 per hour and $335 per hour,
respectively.

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

The firm can be reached through:

     David B. Golubchik, Esq.
     Jeffrey S. Kwong, Esq.
     Levene, Neale, Bender, Yoo & Brill LLP
     10250 Constellation Boulevard, Suite 1700
     Los Angeles, California 90067
     Telephone: (310) 229-1234
     Facsimile: (310) 229-1244
     Email: dbg@lnbyb.com
            jsk@ lnbyb.com

                        About Oak River

Oak River Asset Management LLC sought protection under Chapter 11
of the Bankruptcy Code (Bankr. C. D. Calif. Case No. 16-19233) on
July 12, 2016.  The petition was signed by Lawrence Perkins,
authorized agent.  

The case is assigned to Judge Deborah J. Saltzman.

At the time of the filing, the Debtor estimated its assets at $10
million to $50 million and debts at $500,000 to $1 million.


OCEAN POWER: KPMG Raises Going Concern Doubt on Recurring Losses
----------------------------------------------------------------
Ocean Power Technologies, Inc., filed with the U.S. Securities and
Exchange Commission its annual report on Form 10-K for the fiscal
year ended April 30, 2016.

KPMG LLP issued a going concern qualification on the consolidated
financial statements for the year ended April 30, 2016, noting that
the Company has cash and cash equivalents of $6.7 million, and the
Company has suffered recurring losses from operations and has an
accumulated deficit that raise substantial doubt about its ability
to continue as a going concern.

The Company reported a net loss of $13.08 million on $704,820 of
total revenues for the fiscal year ended April 30, 2016, compared
to a net loss of $13.22 million on $4.10 million of total revenues
for fiscal year 2015.

The Company's balance sheet at April 30, 2016, showed $10.35
million in total assets, $6.82 million in total liabilities, and
total stockholder's equity of $3.53 million.

The Company has experienced substantial and recurring losses from
operations resulting in an accumulated deficit of $177.9 million at
April 30, 2016.  At April 30, 2016, the Company has approximately
$6.7 million in cash on hand.  It generated revenues of only $0.7
million in fiscal 2016, and $4.1 million in fiscal 2015.  Based on
the Company's cash and cash equivalents and marketable securities
balances as of April 30, 2016, the Company believes that it will be
able to finance its capital requirements and operations into at
least the quarter ending January 31, 2017.

A full-text copy of the Form 10-K is available for free at:

                      https://is.gd/B4TLAV

Headquartered in Pennington, NJ, Ocean Power Technologies, Inc.,
(OPT) is developing and seeking to commercialize its proprietary
systems that generate electricity by harnessing the renewable
energy of ocean waves.  The Company's PowerBuoy systems use
proprietary technologies that convert the mechanical energy created
by the heaving motion of ocean waves into electricity.  OPT
currently have designed and are seeking to commercialize and
continue to develop its PowerBuoy product line which is based on
modular, ocean-going buoys, which the Company has been periodically
ocean testing since 1997.



ORGENESIS INC: Working Capital Deficit Raises Going Concern Doubt
-----------------------------------------------------------------
Orgenesis Inc. filed with the Securities and Exchange Commission
its quarterly report on Form 10-Q disclosing a net income of $3.89
million on $1.13 million of revenues for the three months ended May
31, 2016, compared to a net income of $1.10 million on $.82 of
revenues for the same period in 2015.

For the six months ended May 31, 2016, the Company listed a net
income of $3.67 million on $2.65 million of revenues, compared to a
net income of $1.89 million on $.82 million of revenues for the
same period last year.

As of May 31, 2016, the Company had $36.75 million in total assets,
$21.22 million in total liabilities and a total stockholders'
equity of $15.53 million.

As of May 31, 2016, the Company had not achieved profitable
operations, had accumulated losses of $24.3 million (since
inception), had a negative cash flows from operating activities,
had a working deficiency of $9.3 million and expects to incur
further losses in the development of its business.  These factors
raise substantial doubt about the Company's ability to continue as
a going concern.  The Company's continuation as a going concern is
dependent on its ability to obtain additional financing as may be
required and ultimately to attain profitability.  The Company needs
to raise significant funds on an immediate basis in order to
continue to meet its liquidity needs, realize its business plan and
maintain operations.  The Company's current cash resources are not
sufficient to support its operations as presently conducted or
permit it to take advantage of business opportunities that may
arise.  Management of the Company is continuing its efforts to
secure funds through equity and/or debt instruments for its
operations.

A full-text copy of the Form 10-Q is available for free at:

                      https://is.gd/PN8h2v

                        About Orgenesis

Orgenesis Inc. is engaged in research and development in the
biotechnology field in Israel.  It intends to develop a technology
for regeneration of functional insulin-producing cells thus
enabling normal glucose regulated insulin secretion through cell
therapy.  The company was formerly known as Business Outsourcing
Services, Inc. and changed its name to Orgenesis Inc. in August
2011.  Orgenesis Inc. was founded in 2008 and is based in White
Plains, New York.

The Company's balance sheet at Feb. 28, 2015, showed $1.23 million
in assets, $4.85 million in total liabilities, and a stockholders'
deficit of $3.62 million.

The Company's continuation as a going concern is dependent on its
ability to obtain additional financing as may be required and
ultimately to attain profitability.



OVERSEAS SHIPHOLDING: Moody's Affirms B2 Corporate Family Rating
----------------------------------------------------------------
Moody's Investors Service affirmed its ratings assigned to Overseas
Shipholding Group, Inc: Corporate Family Rating (CFR) of B2,
Probability of Default Rating (PDR) of B2-PD, first lien senior
secured of B1, LGD3, first lien super priority senior secured of
Ba2, LGD1 and senior unsecured of Caa1, LGD6. Concurrently, Moody's
affirmed the SGL-2 Speculative Grade Liquidity rating and changed
the outlook to stable, from positive.

Issuer: Overseas Shipholding Group, Inc.

-- Corporate Family Rating, Affirmed B2

-- Probability of Default Rating, Affirmed B2-PD

-- Speculative Grade Liquidity Rating, Affirmed SGL-2

-- Senior Unsecured Regular Bond/Debenture, Affirmed Caa1 (LGD6)

Outlook Actions:

-- Outlook, Changed To Stable From Positive

-- Issuer: OSG Bulk Ships, Inc.

-- Senior Secured Bank Credit Facility, Affirmed B1 (LGD3)

Outlook Actions:

-- Outlook, Changed To Stable From Positive

-- Issuer: OSG International, Inc.

-- Senior Secured Bank Credit Facility, Affirmed B1 (LGD3)

-- Senior Secured Bank Credit Facility, Affirmed Ba2 (LGD1)

Outlook Actions:

-- Outlook, Changed To Stable From Positive

RATINGS RATIONALE

The outlook change to stable, from positive, considers the
softening freight rate environment in the U.S. Jones Act and
international petroleum transportation markets, but also reflects
Moody's view that fundamentals of the Jones Act and international
petroleum transportation markets will remain supportive over the
next year, helping OSG to comfortably meet its debt obligations.
Moreover, the outlook change considers the potential impact of the
recently announced plan to spin off the company's international
subsidiary, OSG International, Inc. ("OIN"). Moody's anticipates
that OSG will sustain a financial profile and policy that supports
the B2 rating level, anchored by the relatively stable (Jones Act)
dynamics of its remaining operating subsidiary (OSG Bulk Ships,
Inc., "OBS"). However, there is a degree of uncertainty surrounding
the spin-off, including the final capital structure. As well,
Moody's views the less-diversified post-spin company's smaller
size, loss of EBITDA from the higher margin OIN business, and
limited asset coverage as tempering factors. As a result,
post-spinoff realities that differ from Moody's expectations, such
as financial policies or a final capital structure that results in
a higher-than-expected leverage profile, could drive downwards
ratings and outlook pressure.

The B2 Corporate Family rating considers OSG's leading position in
the U.S. Jones Act and international crude and refined petroleum
products transportation markets, through its OBS and OIN
subsidiaries, and the highly cyclical nature of demand in their
markets. Despite softer freight rate conditions in the company's
business segments, which are anticipated to continue due to an
expected increase in vessel deliveries during 2016 and 2017,
Moody's anticipates that international tanker rates will remain
healthy near-term, aided by relatively steady demand for the
movement of crude and refined petroleum products. This should help
sustain credit metrics within the single-B rating category. The
stability of the U.S. Jones Act market and the mostly contracted
nature of this business provides further support for the ratings,
even as newly-built Jones Act product tankers enter the market in
2016 and 2017 and as incremental barge capacity (articulated tug
barges or ATBs) enters the fleet. The company's higher than
expected operating cash flow over the past year, from stronger
market freight rates for international tankers, enhanced its
existing pool of cash, which it deployed towards debt repayment.
This resulted in lower (Moody's adjusted) Debt to EBITDA of 2.5x
compared to about 5.0x in 2014 when OSG exited bankruptcy. The
company's good liquidity profile, as reflected by the SGL-2
Speculative Grade Liquidity rating, lends support to the ratings.

The ratings could be downgraded if the post-spinoff/final capital
structure or financial policy results in lower-than-expected credit
metrics, including Debt to EBITDA sustained above 5.5x and FFO +
Interest to Interest approaching mid-high 2.0x range. A
deterioration in the liquidity profile, including Free Cash Flow to
Debt approaching the low teens range or sustained negative free
cash flow generation, could also pressure the ratings.

Upward ratings momentum could occur if OSG deploys its cash in a
manner that would limit potential increases in debt, such as for
fleet investments rather than shareholder returns. Clarity on the
post-spinoff capital structure, financial policy and fleet plan
will identify the extent to which funded debt might increase. A
financial profile that results in FFO + Interest to Interest that
approaches the mid-3.0x range, Debt to EBITDA below 4.5x on a
sustained basis and Free Cash Flow to Debt approaching 20%, could
support an upgrade. Repayments of debt, whether voluntary or
pursuant to the excess cash flow sweeps in the respective credit
agreements, will be important to sustaining stronger credit
metrics

Overseas Shipholding Group, Inc. ("OSG"), a Delaware Corporation,
based in in New York, New York, is one of the larger players in the
ocean transportation of crude oil and petroleum products. The
company operates separate fleets of internationally-flagged tankers
trading in international markets, through its intermediate holding
company subsidiary ,OSG International, Inc. ("OIN"), and US Jones
Act qualified vessels operating mainly in US coastal markets
through its intermediate holding company subsidiary OSG Bulk Ships,
Inc. ("OBS"). These two subsidiaries are the respective primary
obligors of the rated credit facilities, which OSG and their
respective operating subsidiaries guaranty. Consolidated revenues
were $975 million as of the last twelve months ended March 31,
2016.


PARK OVERLOOK: Asks Court to Approve $100,000 of DIP Financing
--------------------------------------------------------------
Park Overlook, LLC and Dawn Hotel of NY, LLC ask the U.S.
Bankruptcy Court for the Southern District of New York, for
authorization to obtain post-petition financing of up to $100,000
in the form of a revolving loan to each Debtor at an interest rate
of 8% per annum.

The Debtors are commercial shelters funded by the New York City
Department of Homeless Services.  The Debtors relate that while
they generally operate on funding received from the Department of
Homeless Services, operating expenses frequently arise for which
the Debtors lack the immediate financial resources.  The Debtors
further relate that funding from the Department of Homeless
Services is sometimes not received in a timely fashion.

The Debtors tell the Court that traditionally, their Principals --
Gordon Duggins, Armando Dunn and Glenn (Sterling) Zinsmeyer -- have
funded the Debtors' operating expenses as necessary from their own
personal resources and recovered these short-term loans when the
Department of Homeless Services funding was received.  The Debtors
further tell the Court that the Principals have agreed to continue
providing funding for operating expenses, which is critical to the
Debtors' successful reorganization.

In light of the Debtors' status as debtors-in-possession, the
Principals need authorization from the Court to protect their right
to repayment for post-petition loans made to the Debtors as an
administrative expense of the estate.

The Debtors relate that the Principals have been required to make
certain advances to the Debtors since the Petition Date to fund
critical expenses.  The Debtors seek to have these loans granted
administrative expense priority.

The proposed, unsecured DIP Financing provides that it will be
repaid in the amount of the balance of principal and accrued
interest due and owing upon the date which is the earlier of:

     (a) the receipt of funding from the Department of Homeless
Services sufficient to repay the Loan, in the business judgment of
the Principals;

     (b) confirmation of a plan of reorganization; and

     (c) conversion of the Debtor's case to chapter 7 of the
Bankruptcy Code.

A full-text copy of the Debtor's Motion, dated July 21, 2016, is
available at https://is.gd/coTbN0

Park Overlook, LLC and Dawn Hotel of NY, LLC are represented by:

          Adrienne Woods, Esq.
          THE LAW OFFICES OF ADRIENNE WOODS, P.C.
          459 Columbus Avenue, #314
          New York, NY 10024
          Telephone: (212)634-4459
          Facsimile: (212)634-4462
          Email: adrienne@woodslawpc.com

                       About Park Overlook, LLC.

Park Overlook, LLC and Dawn Hotel of NY, LLC filed chapter 11
petitions (Bankr. S.D.N.Y. Case Nos. 16-11354 and 16-11355) on May
12, 2016.  The petitions were signed by Gordon Duggins, member.
The Debtors are represented by Adrienne Woods, Esq., at The Law
Offices of Adrienne Woods, P.C.  The Debtors estimated its assets
and debts at $0 to $50,000 at the time time of the filing.



PELICAN REAL ESTATE: Seeks to Hire Hammer Herzog as Accountant
--------------------------------------------------------------
Pelican Real Estate, LLC and its affiliates seek approval from the
U.S. Bankruptcy Court for the Middle District of Florida to hire an
accountant.

The Debtors propose to hire Hammer Herzog and Associates P.A. to
prepare and file their tax returns.  The firm's professionals and
their hourly rates are:

     Managing Principal             $300
     Principal               $200 - $275
     Director                $175 - $225
     Manager                 $150 - $175
     Senior Accountant       $125 - $150
     Staff Accountant II     $100 - $125
     Staff Accountant         $90 - $105
     Paraprofessional          $70 – $85
     Administrative                  $50

Samuel Hammer, managing officer of Hammer Herzog, disclosed in a
court filing that the firm does not hold or represent any interest
adverse to the Debtors or their estates.

                    About Pelican Real Estate

Pelican Real Estate, LLC and its eight affiliates sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. M.D. Fla. Lead Case
No. 16-03817) on June 8, 2016.  The petition was signed by Jared
Crapson, president of SMFG, Inc., manager of Pelican Management
Company, LLC.  

The Debtors are represented by Elizabeth A. Green, Esq., at Baker &
Hostetler LLP.

At the time of the filing, Pelican Real Estate listed under $50,000
in both assets and debts.


POMEROY PARTNERS: Allowed to Use Cash Collateral Up To Aug. 31
--------------------------------------------------------------
Judge Dennis Montali of the U.S. Bankruptcy Court for the Northern
District of California, authorized Pomeroy Partners to use cash
collateral on an interim basis, through August 31, 2016.

Judge Montali held that Extensia Financial, LLC fka Telesis
Community Credit Union, is adequately protected through the equity
cushion in its asserted pre-petition collateral, consisting of
commercial real property improved with a 70,000 square-foot office
building, located at 1680-1700 Dell Ave., in Campbell, California.
Judge Montali further held that the Debtor's proposed monthly
payments of $43,305.37 are deemed adequate protection of Extensia's
interest, to the extent that the value of the equity cushion in the
Real Property is insufficient as adequate protection for Extensia,
or to the extent that adequate protection is otherwise required.
He ordered the continuation of the payments on a monthly basis.

Judge Montali acknowledged that Clyde Berg, was adequately
protected through the equity cushion in its asserted pre-petition
collateral, consisting of a second-position interest in the Real
Property.  Judge Montali held that the Debtor's proposed monthly
payments of $13,358 is deemed adequate protection of Mr. Berg's
interest, to the extent that the value of the equity cushion in the
Real Property is insufficient as adequate protection for Mr. Berg,
or to the extent that adequate protection is otherwise required.
He ordered that the payments commence no later than September 20,
2016 and that they continue monthly thereafter.

Extensia and Mr. Berg were granted replacement liens on
post-petition assets, limited to the same type of asset securing
their pre-petition lien.  Their replacement liens will be
subordinated to the compensation and expense reimbursement allowed
to any trustee that may be later appointed in the case.

The final hearing on the Debtor's Cash Collateral Motion is
scheduled on August 24, 2016 at 1:30.  The deadline for the filing
of objections to the Debtor's Motion is set on August 14, 2016.
The deadline for the filing of replies to an opposition is set on
August 21, 2016.

A full-text copy of the Order, dated July 20, 2016, is available at
https://is.gd/WiAzRl

                     About Pomeroy Partners

Pomeroy Partners filed a chapter 11 petition (Bankr. N.D. Cal. Case
No. 16-51859) on June 23, 2016.  The petition was signed by David
C. Shaw, managing member.  The Debtor is represented by Jon G.
Brooks, Esq., at the Law Offices of Jon G. Brooks.  The case is
assigned to Judge Dennis Montali.  At the time of the filing, the
Debtor disclosed assets of $5.04 million and debts of $8.80
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.


PRIMELINE UTILITY: Acquisitions No Impact on Moody's B3 CFR
-----------------------------------------------------------
Moody's Investors Service says that PrimeLine Utility Services
LLC's acquisitions of Chainco Power Holdings, Inc. ("Chainco") and
Safeway Construction Enterprises, Inc. ("Safeway") are credit
positive because they add scale and geographic diversification to
PrimeLine without having a material impact on the credit metrics of
the company. The transactions nevertheless do not impact
PrimeLine's ratings, including its B3 Corporate Family Rating (CFR)
or stable rating outlook because debt-to-EBITDA leverage remains
within the range expected for the B3 CFR and liquidity is good.

The acquisitions of Chainco and Safeway along with the purchase of
Chainco's previously-leased equipment will be partially funded by a
$140 million add-on to the senior secured first lien term loan due
2022. This add-on will increase PrimeLine's senior secured first
lien term loan to $410 million. Pro-forma for the transaction,
PrimeLine's debt-to-EBITDA leverage will decline to 5.1x from 5.6x
(LTM 3/31/2016 incorporating Moody's standard adjustments) as the
sponsor (First Reserve) will contribute approximately $60 million
of equity to help finance the transactions. Given that the credit
metrics will slightly improve but will still remain within the
range expected for the B3 CFR, the company's ratings are
unaffected.

Moody's believes that the acquisitions of Chainco and Safeway fit
within PrimeLine's strategy and expand the company's geographic
reach and scale. Chainco is a provider of maintenance and
installation services for electric transmission and distribution
that will provide PrimeLine a presence in the Southeastern U.S.,
including Texas. Safeway is a services provider to gas utilities
primarily in the New York City metropolitan area that will broaden
PrimeLine's capabilities in the region. PrimeLine's geographic
diversification is important because it moderates revenue and
earnings volatility related to regional weather activity such as
when jobs are delayed due to rain. Pro-forma for these two
transactions, PrimeLine's revenue will increase to approximately
$576 million for the LTM March 2016 (from $393 million on a
standalone basis). The integration risk is low as these companies
will be managed as separate operating entities but share
administrative functions.

Moody's maintains the following ratings on PrimeLine Utility
Services LLC:

Corporate Family Rating, B3

Probability of Default Rating, Caa1-PD

$60 Million Senior Secured First Lien Revolving Credit Facility due
2020, B3 (LGD3)

$410 Million (Including $140 Million Add-On) Senior Secured First
Lien Term Loan B due 2022, B3 (LGD3)

Outlook, Stable

RATINGS RATIONALE

The B3 CFR reflects PrimeLine's modest scale, volatile margins,
high customer concentration, and still limited geographic and
end-market diversification following the proposed Chainco and
Safeway acquisitions. The company is primarily focused on providing
installation, repair and maintenance services to electric
utilities, but has some exposure to gas distribution and telecom
companies. PrimeLine's margins have been volatile historically and
dependent on the mix of business, the magnitude of higher margin
storm restoration related revenues and, in some cases,
acquisitions.

PrimeLine's ratings are supported by the recurring nature of the
repair and maintenance services it provides, the company's above
average industry margins as well as its ability to provide a full
range of services including design and engineering, storm
restoration services and the installation, maintenance and repair
of transmission, substation and distribution infrastructure to
utility customers. The rating also benefits from favorable industry
dynamics due to the aging of power lines and other infrastructure,
and the trend towards outsourcing of maintenance work by
utilities.

Moody's continues to assess PrimeLine's liquidity as good supported
by cash on the balance sheet ($17.3 million pro-forma for the
transaction as of 3/31/2016) and positive projected free cash flow
over the next 12 months. PrimeLine also has full access to its $60
million revolving facility due November 2020 which Moody's expects
to remain unused.

The stable rating outlook reflects Moody's view that the company's
operating results will modestly improve over the next 12 to 18
months and result in gradually improved credit metrics. Moody's
also anticipates that the company will carefully balance its
leverage with its growth strategy.

The ratings could experience upward pressure if the company
increases its scale and geographic diversification while
maintaining its strong margins, generates positive free cash flow
and reduces its debt-to-EBITDA leverage ratio below 4.0x.

Negative rating pressure could develop if deteriorating operating
results, significant debt financed acquisitions or shareholder
dividends result in funds from operations (cash flow from
operations before working capital changes) declining below 10% of
outstanding debt or debt-to-EBITDA leverage rising above 6.0x. A
significant reduction in borrowing availability or liquidity could
also result in a downgrade.

Headquartered in Seattle, Washington, PrimeLine Utility Services
LLC ("PrimeLine") is a domestically focused provider of design and
engineering services, storm restoration services and the
installation, maintenance and repair of transmission, substation
and distribution infrastructure to electric utilities. Pro-forma
for the acquisitions of Chainco and Safeway, PrimeLine's revenue
for the LTM March 2016 was approximately $576 million. First
Reserve is the sponsor of PrimeLine Utility Services LLC.


PRIMELINE UTILITY: S&P Lowers Rating on Credit Facility to 'B'
--------------------------------------------------------------
S&P Global Ratings said that it has lowered its issue-level ratings
on Seattle-based PrimeLine Utility Services LLC's senior secured
revolving credit facility and term loan to 'B' from 'B+' and
revised its recovery ratings on the facility and term loan to '3'
from '2'.  The '3' recovery rating indicates S&P's expectation for
meaningful (50%-70%; upper half of the range) recovery for lenders
in the event of a payment default.

At the same time, S&P affirmed its 'B' corporate credit rating on
the company.  The outlook is stable.

"Our ratings on PrimeLine reflect the company's position in the
highly fragmented and competitive utility services industry," said
S&P Global credit analyst Robyn Shapiro.  "Although the company's
proposed debt-financed acquisitions of Chainco Power Holdings Inc.
and Safeway Construction Enterprises Inc. will improve the
diversity of its service offerings and expand its geographic
footprint in the U.S., we continue to view PrimeLine's overall
scale and geographic and end-market diversity as limited compared
with the numerous larger entities in the engineering and
construction sector that we rate."  S&P expects the company's
adjusted debt-to-EBITDA metric to remain above 5x after the
proposed acquisitions; however, we note that PrimeLine's high debt
leverage is partly offset by its positive FOCF generation.

The stable outlook reflects S&P's belief that PrimeLine will
continue to generate positive FOCF and maintain a FOCF-to-debt
ratio in the low-single digit percent range because of the good
demand for its maintenance services and its above-average EBITDA
margins.

S&P could lower its ratings on PrimeLine if the company's FOCF
turned negative or if S&P believed that its debt-to-EBITDA metric
would trend higher than 6x on a sustained basis.  This could occur
because of an unexpected decline in the company's maintenance
business or from acquisition-related missteps.

S&P considers an upgrade unlikely because it believes that
PrimeLine's financial risk profile will remain highly leveraged
under its financial sponsor.  This is based on the company's high
debt burden relative to its size and S&P's general view of its
financial sponsor's appetite for financial risk.


PRINTPACK HOLDINGS: S&P Cuts Rating on Proposed $275MM Loan to BB-
------------------------------------------------------------------
S&P Global Ratings lowered its issue-level rating on Printpack
Holdings Inc.'s proposed $275 million first-lien senior secured
term loan due 2023 to 'BB-' from 'BB' and revised its recovery
rating on the loan to '2' from '1' after the company announced that
it will be upsizing the loan by $25 million (was $250 million
originally).  The '2' recovery rating indicates S&P's expectation
for substantial (70%-90%; upper half of the range) recovery in a
payment default scenario.  Printpack intends to use the proceeds
from this term loan to add cash to its balance sheet and fund
potential acquisitions.  All of S&P's other ratings on Printpack
Holdings Inc., including its 'B+' corporate credit rating, remain
unchanged.

                            RECOVERY ANALYSIS

Key analytical factors

S&P's simulated default scenario assumes a payment default
occurring in 2020 due to a significant economic downturn that
affects the demand for packaged consumer products, which is
compounded by increased competitive pressure and adverse changes in
raw material prices.  S&P estimates that Printpack's EBITDA would
need to decline by about 55% from current levels for the company to
default, which is unlikely in the next 12-18 months.  S&P assumes
that Printpack would regain some of its lost volume and improve its
margins while in bankruptcy, resulting in $65 million of EBITDA at
emergence.

Simulated default assumptions
   -- Simulated year of default: 2020
   -- EBITDA at emergence: $65 million
   -- EBITDA multiple: 5.5x

Simplified waterfall
   -- Net enterprise value (after 5% admin. costs): $340 million
   -- Valuation split (obligors/nonobligors): 92%/8%
   -- Priority claims: $111 million
   -- Value available to first-lien debt claims
      (collateral/noncollateral):$219 million/$9 million
   -- Secured first-lien debt claims: $278 million
      -- First-lien recovery expectations: 70%-90% (upper half of
     the range)

Note: All debt amounts include six months of prepetition interest.
Collateral value equals asset pledge from obligors after priority
claims plus equity pledge from nonobligors after nonobligor debt.

RATINGS LIST

Printpack Holdings Inc.
Corporate Credit Rating                B+/Stable/--

Downgraded; Recovery Rating Revised
                                        To                 From
Printpack Holdings Inc.
$275M 1st-Ln Sr Secd Trm Ln Due 2023   BB-                BB
  Recovery Rating                       2H                 1


R DUKE ENTERPRISES: Taps Joyce W. Lindauer as Legal Counsel
-----------------------------------------------------------
R Duke Enterprises, LLC seeks approval from the U.S. Bankruptcy
Court for the Northern District of Texas to hire Joyce W. Lindauer
Attorney, PLLC.

The firm will serve as the Debtor's legal counsel in connection
with its Chapter 11 case.  The primary attorneys and paralegal
within the firm who will represent the Debtor and their hourly
rates are:

     Joyce W. Lindauer     $350
     Sarah M. Cox          $195
     Jamie N. Kirk         $195
     Dian Gwinnup          $105

Joyce Lindauer, Esq., disclosed in a court filing that the members
of her firm are "disinterested persons" as defined in section
101(14) of the Bankruptcy Code.

The firm can be reached through:

     Joyce W. Lindauer, Esq.
     Sarah M. Cox, Esq.
     Jamie N. Kirk, Esq.
     Joyce W. Lindauer Attorney, PLLC
     12720 Hillcrest Road, Suite 625
     Dallas, Texas 75230
     Telephone: (972) 503-4033
     Facsimile: (972) 503-4034
     Email: joyce@joycelindauer.com

                    About R Duke Enterprises

R Duke Enterprises, LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Tex. Case No. 16-32504) on June 28,
2016.


RANCHO ARROYO: Cash Collateral Use Until October 19 OK
------------------------------------------------------
Judge Peter H. Carroll of the U.S. Bankruptcy Court for the Central
District of California, authorized Rancho Arroyo Grande LLC to use
cash collateral on an interim basis, until October 19, 2016.

The Debtor was authorized to use cash collateral to pay for the
operating expenses for its real property located at 455-599 Hi
Mountain Road in Arroyo Grande, California, also known as the Ranch
Property.

Judge Carroll held that the secured creditors on the Ranch Property
are adequately protected by virtue of their equity cushion on the
Ranch Property and other collateral.

The final hearing on the Debtor's Cash Collateral Motion will be
continued to October 19, 2016 at 10:00 a.m.  A Status Conference
will also take place on October 19, 2016 at 10:00 a.m.

A full-text copy of the Order, dated July 20, 2016, is available at
https://is.gd/JCAUFK

               About Rancho Arroyo Grande LLC.

Rancho Arroyo Grande LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. C.D. Calif. Case No. 15-12171) on October
30, 2015.  The petition was signed by Christopher J. Conway,
managing member.  The case is assigned to Judge Peter Carroll.  The
Debtor is represented by Karen L. Grant, Esq., at The Law Offices
of Karen L. Grant.  At the time of the filing, the Debtor disclosed
$18.33 million in assets and $14.64 million in liabilities.


REALOGY HOLDINGS: Borrows $355M Under Term Loan Credit Facility
---------------------------------------------------------------
Realogy Group LLC, an indirect wholly-owned subsidiary of Realogy
Holdings Corp., refinanced certain indebtedness by (1) borrowing a
new tranche of term loans under its Term Loan A senior secured
credit facility of $355 million with a five-year maturity and (2)
refinancing its existing Term Loan B of $1.863 billion due March
2020 under its senior secured credit facility with a new Term Loan
B of $1.1 billion due July 2022.  Simultaneously, the net proceeds
from the new tranche of term loans under the Term Loan A senior
secured credit facility and the new Term Loan B together with
revolver borrowings of $225 million under the senior secured credit
facility and cash on hand were used to repay the existing $1.863
billion Term Loan B. References to "Intermediate Holdings"
contained herein refer to Realogy Intermediate Holdings LLC, the
direct wholly-owned subsidiary of Realogy Holdings and the holder
of all of the outstanding membership interests of Realogy Group.

              First Amendment to Term Loan A Agreement

On July 20, 2016, Realogy Group entered into a first amendment to
the Term Loan A senior secured credit agreement, dated as of
Oct. 23, 2015, with Intermediate Holdings, the lenders party
thereto from time to time and JPMorgan Chase Bank, N.A., as
administrative agent for the lenders.

The First Amendment provides for a new tranche of Term Loan A
borrowings, named "Term A-1 Loans," in the amount of $355 million
that mature on July 20, 2021.  JPMorgan Chase Bank, N.A., Merrill
Lynch, Pierce, Fenner & Smith Incorporated, Barclays Bank plc,
Citizens Bank, N.A., Credit Agricole Corporate and Investment Bank,
Credit Suisse Securities (USA) LLC, Goldman Sachs Bank USA and
SunTrust Robinson Humphrey, Inc. acted as joint lead arrangers and
joint bookrunners for the New Term A-1 Loans.

Consistent with the pricing on the existing Term A loans, the
interest rates with respect to the New Term A-1 Loans under the
Term Loan A Agreement are based on, at the Company's option,
adjusted LIBOR plus 2.25% or ABR plus 1.25%, in each case subject
to adjustment based on the Company's senior secured leverage ratio.
The First Amendment expands the pricing grid for the New Term A-1
Loans to include a new pricing adjustment where the senior secured
leverage ratio is less than 2.00% as follows:

  Senior Secured                          Applicable   Applicable
  Leverage Ratio                         LIBOR Margin  ABR Margin
  --------------                         ------------  ----------
Greater than 3.50 to 1.00                    2.50%       1.50%

Less than or equal to                        2.25%       1.25%
3.50 to 1.00 but greater
than or equal to 2.50 to 1.00

Less than 2.50 to 1.00 but                   2.00%       1.00%
greater than or equal
to 2.00 to 1.00

Less than 2.00 to 1.00                       1.75%       0.75%

The New Term Loan A-1 Loans provide for quarterly amortization
payments on the last day of each quarter, totaling per annum 2.5%,
2.5%, 5.0%, 7.5% and 10.0% of the original principal amount of the
New Term Loan A-1 Loans, commencing Sept. 30, 2016, with the
balance of the New Term A-1 Loans due in full on July 20, 2021.

All other material provisions under the Term Loan A Agreement
remain substantially unchanged.

     Third Amendment to Amended and Restated Credit Agreement

On July 20, 2016, Realogy Group entered into a third amendment to
the Amended and Restated Credit Agreement, dated as of March 5,
2013, as amended, among Intermediate Holdings, Realogy Group, the
several lenders from time to time parties thereto, JPMorgan Chase
Bank, N.A., as administrative agent, and the other agents parties
thereto.

The Third Amendment replaced the existing $1.863 billion term loan
issued under the Credit Agreement through a refinancing of the
existing term loan with a new $1.1 billion Term Loan B due
July 20, 2022.  Net proceeds from the New Term A-1 Loans, the New
Term Loan B, revolver borrowings of $225 million under the Credit
Agreement and cash on hand were used to repay the existing Term
Loan B.  The interest rate and amortization with respect to the New
Term Loan B remains unchanged from the existing Term Loan B and all
other material provisions under the Credit Agreement remain
substantially unchanged.

JPMorgan Chase Bank, N.A., BMO Capital Markets Corp., Barclays Bank
plc, Citigroup Global Markets Inc., Credit Agricole Corporate and
Investment Bank, Credit Suisse Securities (USA) LLC, Goldman Sachs
Bank USA and SunTrust Robinson Humphrey, Inc. acted as joint lead
arrangers and joint bookrunners for the New Term Loan B.

Affiliates of JPMorgan Chase Bank, N.A., as well as certain of the
lenders party to the agreements have engaged, and may in the future
engage, in investment banking, commercial banking and other
financial advisory and commercial dealings with the Company and its
affiliates.  They have received (or will receive) customary fees
and commissions for these transactions.

                    About Realogy Holdings Corp.

Realogy Holdings Corp. (NYSE: RLGY) is a global leader in
residential real estate franchising with company-owned real estate
brokerage operations doing business under its franchise systems as
well as relocation and title services.  Realogy's brands and
business units include Better Homes and Gardens(R) Real Estate,
CENTURY 21(R), Coldwell Banker(R), Coldwell Banker Commercial(R),
The Corcoran Group(R), ERA(R), Sotheby's International Realty(R),
NRT LLC, Cartus and Title Resource Group.  Collectively, Realogy's
franchise system members operate approximately 13,500 offices with
251,000 independent sales associates doing business in 104
countries around the world. Realogy is headquartered in Madison,
N.J.

Realogy Holdings reported net income attributable to the Company of
$143 million on $5.32 billion of net revenues for the year ended
Dec. 31, 2014, compared to net income attributable to the Company
of $438 million on $5.28 billion of net revenues during the prior
year.

As of March 31, 2016, Realogy Holdings had $7.40 billion in total
assets, $5.04 billion in total liabilities and $2.35 billion in
total equity.

                           *     *     *

In the Aug. 1, 2013, edition of the TCR, Moody's Investors Service
upgraded the corporate family rating of Realogy Group to to B2
from B3.  The upgrade to B2 CFR is driven by expectations for
ongoing strong financial performance, supported by Realogy's
recently-concluded debt and equity financing activities and a
continuing recovery in the US existing home sale market.

As reported by the TCR on Feb. 18, 2013, Standard & Poor's Ratings
Services raised its corporate credit rating on Realogy Corp. to
'B+' from 'B'.

"The one notch upgrade in the corporate credit rating to 'B+'
reflects an increase in our expectation for operating performance
at Realogy in 2013, and S&P's expectation that total lease
adjusted debt to EBITDA will improve to the low-6x area and funds
from operations (FFO) to total adjusted debt will be improve to
the high-single-digits percentage area in 2013, mostly due to
EBITDA growth in the low- to mid-teens percentage area in 2013,"
S&P said.


RED RIVER SOUTH: Voluntary Chapter 11 Case Summary
--------------------------------------------------
Debtor: Red River South Enterprises, LLC
        PO Box 78255
        Shreveport, LA 71137-8255

Case No.: 16-11226

Chapter 11 Petition Date: July 21, 2016

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

Judge: Hon. Jeffrey P. Norman

Debtor's Counsel: Robert W. Raley, Esq.
                  AYRES, SHELTON, WILLIAMS, BENSON & PAINE, LLC
                  333 Texas Street, 1400 Regions Tower
                  Shreveport, LA 71101
                  Tel: (318) 227-3500
                  Fax: (318) 227-3822
                  E-mail: rrbankruptcy@arklatexlaw.com
                         robertraley@arklatexlaw.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Leon S. Miletello, Jr., managing member
- Single Member LLC.

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


RELIABLE RACING: Can Use Cash Collateral Until Aug. 13
------------------------------------------------------
Judge Robert E. Littlefield, Jr. of the U.S. Bankruptcy Court for
the Northern District of New York, authorized Reliable Racing
Supply, Inc. to use cash collateral on an interim basis, through
August 13, 2016.

The approved Budget covers the period from July 14, 2016 to August
13, 2016.  It provides for total disbursements in the amount of
$98,679.33.

Judge Littlefield authorized TD Bank to withdraw from the Debtor's
Debtor in Possession Account, funds that exceed a balance of
$40,000, and to apply those funds to the amount due under the TD
Bank Loan Documents.  He further authorized TD Bank to transfer
from the DIP Account such funds that exceed the DIP Balance to the
Debtor's Excess Cash Account at TD Bank, as well as freeze and
block withdrawals from the Excess Cash Account, and upon the
expiration of the Court's Order on August 13, 2016, apply the funds
in the Excess Cash Account to the amount due under the TD Bank Loan
Documents.

A further interim hearing on the Debtor's Motion is scheduled on
August 11, 2016 at 1:00 p.m.

A full-text copy of the Order, dated July 22, 2016, is available at
https://is.gd/qcZvhN

A full-text copy of the approved Budget, dated July 22, 2016, is
available at https://is.gd/N1u85h

  About Reliable Racing Supply, Inc. dba Inside Edge Ski & Bike

Reliable Racing Supply, Inc. dba Inside Edge Ski & Bike filed a
chapter 11 petition (Bankr. N.D.N.Y. Case No. 16-10619) on April 7,
2016.  The petition was signed by John Jacobs, president.  The
Debtor is represented by Meghan M. Breen, Esq., at Lemery Greisler
LLC.  The case is assigned to Judge Robert E. Littlefield, Jr.  The
Debtor disclosed assets of $2.98 million and liabilities of $2.55
million as of February 29, 2016.


RIVER NORTH 414: Wants to Use Cash, Transfer Funds to DIP Account
-----------------------------------------------------------------
River North 414 LLC asks the U.S. Bankruptcy Court for the Northern
District of Illinois for authorization to use cash collateral.

The Debtor relates that while it does not believe that Republic
Bank of Chicago holds a perfected security interest in the
Debtor’s accounts, it does acknowledge that Republic Bank does
hold valid, properly perfected security interests in substantially
all of the Debtor’s other personal property assets, including
food and beverage inventory, and the proceeds thereof.  The Debtor
further relates that while Republic Bank has not objected to the
Debtor’s use of estate cash to operate its business and to pay
necessary operating expenses, it wishes to formalize such use
through its Motion.

The Debtor tells the Court that it wishes to ensure that all its
assets are being held by the Debtor rather than by third parties.
The Debtor further tells the Court that certain of the Debtor's
cash was transferred to two deposit accounts held by a non-Debtor
third party, Orleans District LLC, and cash belonging to the Debtor
remains in those accounts currently.  The Debtor requests that the
Court order that all funds generated by the Debtor’s business
that are held in non-Debtor accounts be transferred to the
debtor-in-possession accounts opened by the Debtor.

The Debtor proposes to provide Republic Bank with replacement liens
on its existing collateral, to secure repayment of an amount equal
to any diminution in value of Republic's Cash Collateral.

The Debtor's Motion is scheduled for hearing on August 8, 2016 at
9:30 a.m.

A full-text copy of the Debtor's Motion, dated July 22, 2016, is
available at https://is.gd/HLFgMI

O.P., L.L.C./Spectrum Properties is represented by:

          Barry A. Chatz, Esq.
          Kevin H. Morse, Esq.
          ARNSTEIN & LEHR LLP
          120 South Riverside Plaza
          Suite 1200
          Chicago, IL 60606
          Telephone: (312) 876-6670
          Email: bachatz@arnstein.com
                 khmorse@arnstein.com

Republic Bank of Chicago is represented by:

          Edward P. Freud, Esq.
          RUFF, FREUD, BREEMS & NELSON, LTD.
          200 North LaSalle Street, Suite 2020
          Chicago, IL 60601
          Telephone: (312) 263-3890
          Email: epfreud@rfbnlaw.com

Jason Scheffler is represented by:

          Patrick M. Jones, Esq.
          Email: pmj@patjonesPLLC.com

                       About River North 414 LLC.

River North 414 LLC and Premium Themes, Inc., based in Chicago,
Illinois., filed a Chapter 11 petition (Bankr. N.D Ill. Case Nos.
16-17324 and 16-17325) on May 24, 2016.  The Hon. Janet S. Baer
presides over the case.  Thomas R. Fawkes, Esq., at Goldstein &
McClintock, as bankruptcy counsel.

In its petition, the Debtors estimated $100,000 to $500,000 in
assets and $1 million to $10 million in liabilities.  The petitions
were signed by Jesse T. Boyle, authorized officer.


RONALD BARTLETT: State of Georgia Wants Trustee or Dismissal
------------------------------------------------------------
The District Attorney for the Macon Judicial Circuit for the State
of Georgia on July 19, 2016, filed a motion asking the U.S.
Bankruptcy Court for the Middle District of Georgia to enter an
order pursuant to 11 U.S.C. Sec. 1104(a) directing the appointment
of a Chapter 11 trustee, or, in the alternative, dismissal of the
case pursuant to 11 U.S.C. Sec. 1112(b)(4).

K. David Cooke, Jr., the District Attorney, says that the Debtors
owned and/or operated numerous businesses, including, but not
limited to: (1) Peach Auction Sales, Inc.; (2) H & B Investments;
(3) Friend Bar and Grill, Inc.; (4) Captain Jacks Crab Shack, Inc;
(5) Chevy's of Warner Robins, Inc., (6) Ronnie Bartlett d/b/a
Captain Jack's Crab Shack; (7) Ronnie Bartlett d/b/a Chevy's.  The
Debtors continue to operate Peach Auction Sales but claim not to
receive any income from the same.  

In seeking a trustee or dismissal, the District Attorney pointed
out that:

   1. The Debtors received large sums of cash in the operation of
the business prior to filing for bankruptcy and did not deposit the
same in any bank accounts and/or deposited the monies into bank
accounts that have not been disclosed in the bankruptcy case.  A
large amount of the income was derived from the operation of
electronic gaming machines.

   2. On May 5, 2015, the movant filed a complaint in State Court
pursuant to the Georgia RICO Act and the Georgia Gambling Act
related to an illegal gambling enterprise wherein the Debtors
netted in excess of $25,000 from illegal gambling.  A receiver was
appointed in the State Court Action.

   3. At the meeting of creditors on Jan. 4, 2016, numerous
"mistakes", errors and omissions were discovered in the Debtor's
Schedules and Statements of Financial Affairs.  No amended
schedules and statements have been filed.

   4. Consent orders were entered on April 28, 2016, related to the
movant's motions to conduct Rule 204 examinations.  The Debtors
have failed and refused to produce certain court-ordered
documents.

Ronald D. Bartlett and Lee E. Bartlett filed a Chapter 11 petition
(Bankr. M.D. Ga. Case No. 15-52742) on Nov. 30, 2015.


ROSLYN SEFARDIC: Exclusive Plan Filing Deadline Moved to Sept. 21
-----------------------------------------------------------------
The Hon. Louis A. Scarcella of the U.S. Bankruptcy Court for the
Eastern District of New York has extended, at the behest of Roslyn
Sefardic Center Corp., the time within which the Debtor has the
exclusive right to file a plan of reorganization and to solicit
acceptances of the plan for 120 days through and including Sept.
21, 2016, and Nov. 22, 2016, respectively.

As reported by the Troubled Company Reporter on May 26, 2016, the
Debtor has entered into preliminary discussions with a third party
who has expressed an interest in the Debtor and the Property and
may either (a) fund a plan of reorganization or (b) acquire the
assets of the Debtor.  Currently, this third-party has started
performing diligence with respect to the Debtor's assets and
liabilities.  The Debtor is hopeful that they can come to an
agreement that will maximize the value of its estate and allow it
to reorganize its outstanding obligations.  The Debtor submits that
while discussions are in its nascent states, its Exclusive Periods
should be preserved to avoid any distractions or competing plans.

Roslyn Sefardic Center Corp. is a religious non-for-profit
corporation that operates a synagogue on its real property and
improvements located on 1 Potters Lane, Roslyn Heights, New York.
It filed for Chapter 11 bankruptcy protection (Bankr. E.D.N.Y. Case
No. 16-70299) on Jan. 25, 2016.  The Debtor is represented by
Arnold Mitchell Greene, Esq., at Robinson Brog Leinwand Greene
Genovese & Gluck P.C.


RUBLE HOLDINGS: Taps Earline Sawyer as Real Estate Broker
---------------------------------------------------------
Ruble Holdings, LLC seeks approval from the U.S. Bankruptcy Court
for the Southern District of Mississippi to hire a real estate
broker.

The Debtor proposes to hire Earline Sawyer to market and sell its
real property located at 529 Ulman Avenue, Bay St. Luis,
Mississippi.

Ms. Sawyer will receive 6% of the gross sale price, which the
Debtor will pay at closing.

In a court filing, Ms. Sawyer disclosed that she does not have any
interest adverse to the Debtor's estate.  

Ms. Sawyer maintains an office at:

     Earline Sawyer
     Sawyer Real Estate
     2300 14th Street
     Gulfport, Mississippi 39501
     Phone: (228) 863-0232

The Debtor can be reached through its counsel:

     Patrick A. Sheehan, Esq.
     Sheehan Law Firm, PLLC
     429 Porter Avenue
     Ocean Springs, MS 39564
     Phone: (228) 875-0572
     Fax: (228) 875-0895

                        About Ruble Holdings

Ruble Holdings, LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S. D. Miss. Case No. 14-51336) on August
26, 2014.  The petition was signed by John H. Ruble, managing
member.  

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


SAFWAY GROUP: Moody's Affirms B3 Corporate Family Rating
--------------------------------------------------------
Moody's Investors Service affirmed Safway Group Holding LLC's B3
Corporate Family Rating following the company's announcement that
it will refinance its existing debt. The refinancing will weaken
key credit metrics slightly, however Moody's forward view expects
better operating performance from Safway to keep these measures in
line with the current rating. In related actions, Moody's assigned
a B3 rating to Safway's proposed 7-year $775 million first lien
term loan. The proposed capital structure, that also includes a new
$200 million asset-backed facility (not rated), will be used to
refinance Safway's existing senior secured notes (B3 rating
assigned to existing notes will be withdrawn upon successful close
of transaction) and pay related transaction fees. The outlook
remains stable.

The following is a summary of Moody's ratings and rating actions
taken for Safway:

-- Corporate Family Rating affirmed at B3;

-- Probability Default Rating affirmed at B3-PD;

-- $775 million first lien term loan due 2023 assigned B3 (LGD4);

Outlook Actions:

-- Outlook, remains Stable

RATINGS RATIONALE

Moody's said, "The B3 Corporate Family Rating ("CFR") reflects
Safway's relatively high pro forma adjusted leverage with limited
free cash flow generation capacity. The proposed refinancing will
increase pro forma adjusted leverage for 1Q16 to about 5.0x, which
is in line with a B3 rating. However, Moody's anticipates Safway to
continue to achieve positive operating results, which should have a
favorable impact on debt credit metrics. Our forward view projects
adjusted debt-to-EBITDA declining towards 4.5x over the next 12 to
18 months (all ratios incorporate Moody's standard accounting
adjustments)."

The B3 rating assigned to the proposed $775 million first lien term
loan due 2023 is in line with the CFR as it represents the
preponderance of debt in Safway's capital structure. The term loan
has a first lien on Safway's inventory and substantially all of its
non-current assets. Safway's direct parent company, Badger
Intermediate Holding LLC ("Badger"), provides a downstream
guarantee, and its material domestic subsidiaries provide an
upstream guarantee. The term loan amortizes 1% per year with a
bullet payment at maturity and includes a $150 million accordion
feature.

Moody's said, "The stable rating outlook reflects our view that
Safway's credit metrics will remain in line with its current rating
as the company continues to benefit from its scale and market
position to compete for industrial maintenance and turnaround
projects in the North American refining, chemical, power industries
and commercial construction segments. The outlook also reflects
Moody's expectation that Safway will maintain sufficient
availability under its revolving credit facility during the next 12
to 18 months."

WHAT COULD CHANGE RATINGS UP/DOWN

Moody's said, "Positive rating actions could ensue if Safway's
operating performance exceeds our expectations, resulting in
improved credit metrics as follows:

-- Interest coverage (measured as (EBITDA-CAPEX)-to-interest
    expense), sustained above 2.0x.

-- Adjusted debt-to-EBITDA sustained below 5.25x.

-- Achieving sustainable operational improvement and generating
    significant levels of operating earnings and free cash flows.

"Alternatively, negative rating actions may occur if Safway's
operating performance falls below our expectations, or if the
company experiences a weakening in financial performance resulting
in the following adjusted metrics:

-- Interest coverage below 1.0x.

-- Adjusted debt-to-EBITDA sustained above 6.5x.

-- In addition, if Safway pursues further cash distributions or
    large debt-financed acquisitions that do not prove
    sufficiently accretive relative to incremental debt.

-- A deteriorating liquidity profile could pressure the ratings
    as well.

Corporate Profile:

Headquartered in Waukesha, Wisconsin, Safway Group Holding LLC
("Safway") is a provider of scaffolding, hoisting, insulation,
coatings and other services supporting the refining, chemical,
power industries and commercial construction in North America.
Safway is wholly owned by Odyssey Investment Partners ("Odyssey")
through one of its affiliates. For the last twelve months ended
March 31, 2016 Safway had approximately 1,449 million in revenues.



SBM DEEP: DBRS Lowers Senior Secured Notes Rating to BB(high)
-------------------------------------------------------------
DBRS Limited downgraded the 3.50% Senior Secured Notes due 2021
(the Notes) issued by SBM Deep Panuke S.A. (the Issuer) to BB
(high) from BBB (low). The trend remains Negative.

The downgrade of the Notes follows DBRS' rating action on Encana
Corporation (Encana) on July 15, 2016, in which DBRS downgraded the
Issuer Rating of Encana to BBB (low) from BBB, and maintained the
Negative trend on Encana’s Issuer Rating. Encana is the lessee of
the Deep Panuke Production Facility Centre (the Platform) under a
Charter Agreement that extends five months beyond the full
amortization period of the Notes, which will be fully amortized by
December 2021.

Under the Charter Agreement, Encana is responsible for paying a
fixed lease rate to the Issuer for use of the Platform. If Encana
elects to terminate the Charter Agreement, it must pay a
Termination Fee, which, together with the proceeds of the debt
service reserve account and other cash balances of the Issuer,
would be sufficient to fully repay the Notes. The rating on the
Notes is therefore strongly influenced by Encana’s ratings. The
rating of the Notes is one notch lower than Encana’s Issuer
Rating. Under the Charter Agreement, if the Issuer or SBM Offshore
is bankrupt or insolvent, Encana may terminate the Charter
Agreement and would then have no further obligation to pay the
lease rate.

Currently, the performance of the Platform complies with the terms
of the Charter Agreement.


SECURITY DEVICES: Incurs $472-K Net Loss in May 31 Quarter
----------------------------------------------------------
Security Devices International, Inc. (SDI) filed with the
Securities and Exchange Commission its quarterly report on Form
10-Q disclosing a net loss of $472,224 on $21,719 of sales for the
three months ended May 31, 2016, compared to a net loss of $468,982
on $38,073 of sales for the same period in 2015.

For the six months ended May 31, 2016, the Company listed a net
loss of $852,026 on $52,222 of sales, compared to a net loss of
$957,475 on $74,605 of sales for the same period in the prior
year.

As of May 31, 2016, SDI had $1.23 million in total assets, $1.50
million in total liabilities and a total stockholders' deficit of
$265,359.

The Company has incurred net losses since entering the oil and gas
exploration industry and as of three months ended May 31, 2016 has
an accumulated deficit of $33,479,429 and a working capital deficit
of $19,118,706 which raises substantial doubt about the Company's
ability to continue as a going concern.

The Company has incurred a cumulative loss of $27,445,233 from
inception to May 31, 2016.  The Company has funded operations
through the issuance of capital stock and convertible debentures.
The Company has started to generate revenue from operations.
However, it still expects to incur significant expenses before
becoming profitable.  The Company’s future success is dependent
upon its ability to raise sufficient capital or generate adequate
revenue, to cover its ongoing operating expenses, and also to
continue to develop and be able to profitably market its products.
These factors raise substantial doubt about its ability to continue
as a going concern.

A full-text copy of the Form 10-Q is available for free at:

                      https://is.gd/SVttO5

Fitchburg, Mass.-based Security Devices International, Inc., (SDI)
is a less-lethal defense technology company, specializing in the
innovative next generation solutions for security situations that
do not require the use of lethal force.  SDI has implemented
manufacturing partnerships to assist in the deployment of their
patented and patent pending family of products.  These products
consist of the current manufacture of Blunt Impact Projectile 40mm
(BIP) line of products, and the future Wireless Electric Projectile
40mm (WEP).

Schwartz Levitsky Feldman, LLP said there is substantial doubt in
the ability of Security Devices International, Inc., to continue as
a going concern.

"The Company has suffered recurring losses from operations and has
not earned significant revenue. These conditions raise substantial
doubt about its ability to continue as a going concern," the
auditing firm said.

The Company reported a net loss of $2,550,438 for the fiscal year
ended Nov. 30, 2015.

At Nov. 30, 2015, the Company had total assets of $2,166,418
against total liabilities of $1,571,921 and shareholders' equity of
$594,497.  It had an accumulated deficit of $26,593,207.



SEMILEDS: Incurs $3.26-Mil. Net Loss in Q2 Ended May 31
-------------------------------------------------------
SemiLEDs Corporation filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $3.26 million on $2.38 million of revenues for the three months
ended May 31, 2016, compared to a net loss of $3.05 million on
$3.51 million of revenues for the same period in 2015.

For the nine months ended May 31, 2016, the Company recorded a net
loss of $9.12 million on $8.26 million of revenues, compared to a
net loss of $10.32 million on $11 million of revenues for the same
period last year.

As of May 31, 2016, the Company had $30.70 million in total assets,
$10.27 million in total liabilities and a total stockholders'
equity of $20.43 million.

As of May 31, 2016 and August 31, 2015, the Company had cash and
cash equivalents of $3.5 million and $4.8 million, respectively,
which were predominately held in U.S. dollar denominated demand
deposits and/or money market funds. SemiLEDs received the cash down
payment of $3 million on December 14, 2015, for the potential sale
of their headquarters building, at a sales price of $5.2 million.
The sale is scheduled to close on December 31, 2017.  At any time
before December 31, 2017, they have the right to cancel the
agreement or sell the building to any other third party,
concurrently with the repayment of all the cash balance received
along with interest payable to the buyer.

SemiLEDs have incurred significant losses since inception.  They
have suffered losses from operations of $13.3 million and $24.8
million, gross losses on product sales of $4.1 million and $11.3
million, and net cash used in operating activities of $4.5 million
and $15.7 million for the years ended August 31, 2015 and 2014,
respectively. Loss from operations for the three and nine months
ended May 31, 2016 were $3.1 million and $9.0 million,
respectively. Gross loss on product sales for the three and nine
months ended May 31, 2016 were $1.5 million and $3.7 million,
respectively.  Further, at May 31, 2016, the Company’s cash and
cash equivalents was down to $3.5 million.  These facts and
conditions raise substantial doubt about the Company’s ability to
continue as a going concern.

A full-text copy of the company's quarterly report is available for
free at:

                    https://is.gd/6ikuNt

Taiwan-based SemiLEDs Corporation and its subsidiaries develop,
manufacture and sell high performance light emitting diodes (LEDs).
The company's core products are LED chips and LED components, as
well as lighting products.  SemiLEDs customers are concentrated in
a few select markets, including Taiwan, the United States and
China.



SERVE & EDUCATE: U.S. Trustee Unable to Appoint Committee
---------------------------------------------------------
The Office of the U.S. Trustee disclosed in a court filing that no
official committee of unsecured creditors has been appointed in the
Chapter 11 case of Serve & Educate, LLC.

Serve & Educate, LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. M.D. Fla. Case No. 16-05080) on June 14,
2016.  The Debtor is represented by Scott A. Rosin, Esq., at Scott
A. Rosin, P A.


SETAI 1908: Voluntary Chapter 11 Case Summary
---------------------------------------------
Debtor: Setai 1908, LLC
        101 20th Street, Suite 1908
        Miami Beach, FL 33139

Case No.: 16-20115

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: July 21, 2016

Court: United States Bankruptcy Court
       Southern District of Florida (Miami)

Judge: Hon. Robert A Mark

Debtor's Counsel: Michael S Hoffman, Esq.
                  HOFFMAN, LARIN & AGNETTI, P.A.
                  909 North Miami Beach Blvd #201
                  Miami, FL 33162
                  Tel: (305) 653-5555
                  E-mail: Mshoffman@hlalaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Eric Grabois, authorized agent.

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


SETAI 3509: Voluntary Chapter 11 Case Summary
---------------------------------------------
Debtor: Setai 3509, LLC
        101 20th Street, Suite 3509
        Miami Beach, FL 33139

Case No.: 16-20114

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: July 21, 2016

Court: United States Bankruptcy Court
       Southern District of Florida (Miami)

Judge: Hon. Laurel M Isicoff

Debtor's Counsel: Michael S Hoffman, Esq.
                  HOFFMAN, LARIN & AGNETTI, P.A.
                  909 North Miami Beach Blvd #201
                  Miami, FL 33162
                  Tel: (305) 653-5555
                  E-mail: Mshoffman@hlalaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by Eric Grabois, authorized agent.

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


SHEEHAN PIPE LINE: Wants to Use Zurich's Alleged Cash Collateral
----------------------------------------------------------------
Sheehan Pipe Line Construction Company asks the U.S. Bankruptcy
Court for the Northern District of Oklahoma for authorization to
use the alleged cash collateral of Zurich American Insurance
Company and Fidelity & Deposit Company of Maryland.

The Court had previously entered a Final Order approving the use of
cash collateral.  The Final Order set forth an agreed budget
through the week of July 22, 2016 and provided that the parties
could agree in writing to extend the cash collateral order and
budget for periods after the expiration of the initial budget.

The Debtor relates that the parties had been in discussion with
regard to the issues in the pending adversary proceeding which
seeks to determine, among other things, Zurich's rights in and to
the revenue generated by the rental of certain equipment in which
Zurich claims a security interest.  The Debtor further relates that
the parties discussed not only the litigation, but working towards
an agreement on a subsequent budget and possible global resolution
of the issues concerning Zurich.

The Debtor contends that not once during their discussions did
Zurich advise the Debtor that it intended to convert the case or
that it would unequivocally oppose the continued use of its alleged
cash collateral.

The Debtor tells the Court that since the first cash collateral
order Zurich’s "exposure" has come into focus through its payment
and denial of bonded claims.   The Debtor further tells the Court
that as of July 11, 2016, Zurich had paid approximately $19
million, approved additional payments of approximately $10.5
million, and denied approximately $6.1 million, leaving
approximately $1.5 million of bonded claims in an undetermined
status.  The Debtor adds that Zurich’s topside "exposure" on
bonded claims is between $29.5 and $31 million.

The Debtor contends that Zurich's "collateral" includes all sources
of alleged payment from such exposure and that the total amount of
this "collateral" available to Zurich is $56 million or nearly
twice the amount of Zurich's topside exposure.

The Debtor says that it granted Zurich replacement liens, solely to
the extent of any diminution in value of Zurich's alleged cash
collateral, on all of the Debtor's assets, which the Debtor
proposes to grant by virtue of its current motion as well.  The
Debtor further says that there are unencumbered assets with
substantial value available to provide even more adequate
protection, and that these unencumbered assets have an aggregate
value somewhere between $2.3 million and $4 million.

The Debtor tells the Court that it is not seeking to modify or
alter the previous order governing usage of cash collateral, but
rather is seeking subsequent authorization through a separate order
in nearly identical form, for approval of an extended budget period
contemplated by the Final Order authorizing the use of cash
collateral.

The Debtor's proposed Budget covers a period of 10 weeks, which is
in addition to the original 14-week Budget, and starts on the week
which begins on July 25, 2016 and ends on the week which begins on
September 26, 2016.  The Budget provides for total operating
expenses in the amount of $1,162,057.

The Debtor asserts that the Court should approve the use of
additional cash collateral and enter an interim order substantially
similar to the Final Order authorizing use of cash collateral over
any objection of Zurich.  The Debtor further asserts that the use
of the cash is of the utmost importance to the preservation and
maintenance of the value of the Debtor.  It contends that Zurich is
adequately protected.

A full-text copy of the Debtor's Motion, dated July 20, 2016, is
available at https://is.gd/Dchp50

           About Sheehan Pipe Line Construction Company

Sheehan Pipe Line Construction Company, a contractor that
constructs pipelines in various states across the country, filed a
voluntary petition for relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Okla. Case No. 16-10678) on April 15,
2016, listing total assets of $90.2 million and total debt of $68.4
million.   

The petition was signed by Robert A. Riess, Sr., as president and
CEO. Mary E. Kindelt, Esq., Chad J. Kutmas, Esq., and Gary M.
McDonald, Esq., at McDonald, McCann & Metcalf & Carwile, LLP,
serves as counsel to the Debtor.  Lawyers at Foley & Lardner LLP
represent the creditors' committee.  The case is pending before
Judge Terrence L. Michael.


SIDNEY TRANSPORTATION: Taps Diller and Rice as Legal Counsel
------------------------------------------------------------
Sidney Transportation Services, LLC seeks approval from the U.S.
Bankruptcy Court for the Northern District of Ohio to hire Diller
and Rice, LLC.

The firm will serve as the Debtor's legal counsel in connection
with its Chapter 11 case.  Steven Diller and Eric Neuman, the
attorneys designated to represent the Debtor, will be paid $300 per
hour and $225 per hour, respectively.

In a court filing, Mr. Neuman disclosed that he and the associates
employed by the firm have not represented any creditor of Sidney
Transportation.

The firm can be reached through:

     Eric R. Neuman, Esq.
     Diller and Rice, LLC
     1105-1107 Adams Street
     Toledo, OH 43604
     Tel: 419-724-9047
     Email: eric@drlawllc.com
     Email: Steven@drlawllc.com
     Email: Kim@drlawllc.com

                  About Sidney Transportation

Sidney Transportation Services, LLC sought protection under Chapter
11 of the Bankruptcy Code (Bankr. N. D. Ohio Case No. 16-32270) on
July 18, 2016.  The petition was signed by Steven Woodruff,
owner/managing member.  

The case is assigned to Judge John P. Gustafson.

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.


SINDESMOS HELLINIKES: Gilbane Offers $5.4M for Deerfield Property
-----------------------------------------------------------------
Sindesmos Hellinikes-Kinotitos of Chicago ("Holy Trinity") asks the
U.S. Bankruptcy Court for the Northern District of Illinois to
authorize the sale of the property located at 1085 Lake Cook Road,
Deerfield, Illinois, to Gilbane Development Co. or its assignee for
$5,400,000.

A hearing for the Motion is set for Aug. 11, 2016, at 11:00 a.m.
(CDST).  The objection deadline is Aug. 4, 2016.

In 2004, Holy Trinity purchased the Deerfield Property for the
purpose of relocating its parochial school known as the Socrates
Greek-American Elementary School, which was founded in 1908, to the
Deerfield Property.

In order to pay the costs of renovating and improving the Deerfield
Property as an educational facility, the Debtor, as borrower,
obtained a loan in the principal amount of $12,191,000 under a
certain Bond and Loan Agreement dated June 1, 2007 ("BLA").  The
Illinois Finance Authority ("IFA") issued an Illinois Finance
Authority Educational Facility Revenue Bond (Hellenic American
Academy Project) Series, 2007 in the principal amount of
$12,191,000 ("Original Bond") and MB Financial Bank was the sole
purchaser of the Original Bond.

On Feb. 25, 2010, IFA, MB Financial, the Debtor and the Academy
entered into a First Amendment to the Bond and Loan Agreement.  In
accordance with  the BLA Amendment, the IFA issued an Illinois
Finance Authority Educational Facility Revenue Bond (Hellenic
American Academy Project), Series 2007 in the principal amount of
$6,910,466 ("New Bond").  MB Financial is the sole owner and holder
of the New Bond.

Despite these adequate protection payments, the current
indebtedness due to MB Financial is in excess of $6,600,000.

To maximize value for the estate, the Debtor believes that it is
crucial to sell the Deerfield Property in order to pay-down a
substantial portion of the New Bond indebtedness and, as a result,
reduce the amount of interest accruing on  the current outstanding
principal balance of the New Bond.

On Jan. 25, 2016, the Court entered an order allowing the Debtor to
employ Richard Kahan and his real estate firm, KB Real Estate to
market for sale the Deerfield Property.  Upon his employment, Mr.
Kahan engaged in extensive marketing of the Deerfield Property.

The Gilbane offer, which is the highest and best offer the Debtor
has obtained as a result of Mr. Kahan's extensive marketing
efforts, is reflected in the Real Estate Purchase and Sale
Agreement ("Purchase Agreement" ).

The Debtor and MB Financial have discussed the sale process at
length and believe that the Purchase Agreement is the result of
arm's-length negotiations designed to achieve the highest possible
price for the Deerfield Property under the circumstances.

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

       http://bankrupt.com/misc/Sindesmos_84_Sale_M.pdf

                        About Holy Trinity

Sindesmos Hellinikes-Kinotitos of Chicago, a/k/a Holy Trinity
Helennic Orthodox Church, a/k/a Holy Trinity Orthodox Church of
Chicago, sought Chapter 11 protection (Bankr. N.D. Ill. Case No.
15-22446) on June 29, 2015. Judge Timothy A. Barnes is assigned to
the case.  The Debtor estimated assets in the range of $o to
$50,000 and $100,001 to $500,000 in debt.  David R Herzog, Esq. at
Herzog & Schwartz, P.C. serves as the Debtor's counsel.

Holy Trinity is an Illinois religious corporation which for more
than 100 years has operated a Greek Orthodox Church currently
located at 6041 W. Diversey Ave., Chicago, Illinois, where it
conducts its religious services and provides parish activities.

The Chapter 11 case was filed because of a pending state
foreclosure proceeding filed by MB Financial Bank, NA ("MB")
against the Debtor with respect to the Chicago Property.

In 2004, Holy Trinity purchased property at 1085 N. Lake Cook Rd.,
Deerfield, Illinois (the "Deerfield Property") for the purpose of
relocating its parochial school known as the Socrates
Greek-American Elementary School, which was founded in 1908, to the
Deerfield Property.


SNYDER VIRGINIA: Case Summary & 12 Unsecured Creditors
------------------------------------------------------
Debtor: Snyder Virginia Properties, LLC
        200 Lake Front Drive, Suite 103
        Mineral, VA 23117

Case No.: 16-61364

Chapter 11 Petition Date: July 7, 2016

Court: United States Bankruptcy Court
       Western District of Virginia (Lynchburg)

Judge: Hon. Rebecca B. Connelly

Debtor's Counsel: Edward Gonzalez, Esq.
                  LAW OFFICE OF EDWARD GONZALEZ, PC
                  2405 I Street, N.W., Suite 1-A
                  Washington, DC 20037
                  Tel: 202-822-4970
                  E-mail: eg@money-law.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $10 million to $50 million

The petition was signed by Jeff Snyder, manager.

A list of the Debtor's 12 largest unsecured creditors is available
for free at http://bankrupt.com/misc/vawb16-61384.pdf


SPECIAL EDUCATION: Proposes Chapter 11 Liquidating Plan
-------------------------------------------------------
Special Education Solutions, Inc. on July 19 filed with the U.S.
Bankruptcy Court for the Western District of Arkansas a Chapter 11
plan, which proposes to pay creditors through the liquidation of
its assets.

Under the liquidating plan, general unsecured claims in Class 2
will be paid pro rata from the proceeds of the liquidation of
Special Education's estate.

Class 2 general unsecured claims will not bear interest.  It is
anticipated that the total amount of these claims is approximately
$770,500, according to the disclosure statement detailing the
plan.

A copy of the plan outline is available for free at
https://is.gd/Mlzr8z

Special Education is represented by:

     Stanley Bond, Esq.
     Bond Law Office
     P.O. Box 1893
     Fayetteville, AR 72702
     Phone: 479-444-0255
     Email: attybond@me.com

               About Special Education Solutions

Special Education Solutions, Inc. sought protection under Chapter
11 of the Bankruptcy Code (Bankr. W.D. Ark. Case No. 15-72411) on
September 23, 2015.


SPORTS AUTHORITY: Creditors Seek to Convert Case to Ch. 7
---------------------------------------------------------
Lillian Rizzo, writing for The Wall Street Journal Pro Bankruptcy,
reported that that Sports Authority Holdings Inc.'s vendors and
landlords are looking to pull the plug on the retailer's bankruptcy
case.

According to the report, the retailer's unsecured creditors filed
court papers on June 22 calling for the lights to be shut off
permanently, saying Sports Authority faces mounting administrative
claims on which it will never be able to get a grip.

"The debtors are hopelessly administratively insolvent and will
never, ever be able to propose a confirmable plan," the report
said, citing the unsecured creditors said in court papers.

The creditors are calling for the bankruptcy case to be converted
into a chapter 7 proceeding, in which a trustee would be appointed
to oversee the wind-down of the retail chain, the report related.
Court papers show Sports Authority holds at least $50 million in
unpaid administrative claims, as well as unpaid trade claims, the
report further related.  In addition, court papers show there is an
alleged $71 million claim from term loan lenders, the report said.

Other than the claims, there is little left to Sports Authority as
the retailer has sold its assets to a trio of liquidators, which
have been running going-out-of-business sales at its more than 450
locations since late May and its intellectual property, which
includes its brand name, was sold to competitor Dick's Sporting
Goods Inc., the report added.  The retailer's real estate was also
sold, with Dick's buying more than 30 locations, the report noted.

Still remaining to be sold is Sports Authority's contract that
holds the naming rights to the NFL's Denver Broncos' Mile High
Stadium, the Hilco Streambank is in charge of the process, and
offers are due by July 25, the report further noted.

                  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.


SSNN-5532-34: Antheus Buying Chicago Property for $1.35M
--------------------------------------------------------
On July 28, 2016 at 10:00 a.m., Gregory K. Stern, attorney for
SSNN-5532-34 S. Kimbark, LLC, will ask Judge S. Hollis of the U.S.
Bankruptcy Court for the District of Illinois, Eastern Division, to
authorize the Debtors' sale of fee simple ownership interest in the
real property commonly known as 5532-5534 South Kimbark, Chicago,
Illinois, to Antheus Acquisitions, LLC, for $1,350,000.

The Debtors are engaged in investing in commercial residential real
estate in the greater Chicagoland area and leasing the premises to
consumer tenants pursuant to written and oral real estate leases.

The secured claims against the Real Property are as follows:

   a. As of the Petition Date, the amount due to Chase Bank, NA,
which holds a first priority mortgage lien in and against the
Property, was approximately $1,159,064.

   b. As of the Petition Date, the amount due to Chicago Title
Insurance Co. ("CTIC") as assignee and successor in interest to
Ridgestone Bank, which holds a second priority mortgage lien in and
against the Property, was approximately $939,260.

   c. There are unpaid real property taxes owed to the Cook County
Treasurer relating to the Property of at least $32,634.

On July 8, 2016, the Debtors received an offer to purchase the
Property from Antheus Acquisitions, without any financing
contingencies, which requires, inter alia, an earnest money deposit
of $50,000.

The Debtors submitted the following sales procedures as appropriate
to be used in the transaction:

   1. Through the date of the closing, the Kimbark Debtor will
continue to collect all rents and pay all expenses, including ad
equate protection payments, with a pro ration through the date of
Closing of all monthly rents and expenses.

   2. Immediately after entry of the order approving the sale of
the Property by the Court, the Kimbark Debtor will be authorized to
close the sale of the Real Property with the Antheus Acquisitions
for the sum of $1,350,000.

   3. From the proceeds of the sale of the Property, the Debtors
will pay (1) the real estate taxes to the Cook County Treasurer,
transfer taxes, titles, the cost of survey, normal and customary
closing costs and pro rations, including but not limited to
attorney fees not to exceed $3,000, and
(2) the mortgage liens of Chase Bank and CTIC against the Real
Property.

                 About SSNN-5532-34 S. Kimbark

SSNN-5532-34 S. Kimbark, LLC and SSNN-Residential, LLC sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. N.D.
Ill. Case No. 16-04994) on February 17, 2016.  The petition was
signed by Sunil K. Srivastava, managing member.  

The case is assigned to Judge Pamela S. Hollis.

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


SSNN-BONNIE LANE: Confirmation, Disclosures Hearing on Sept. 7
--------------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Illinois is
set to hold a hearing on September 7, at 10:00 a.m. to consider
approval of the disclosure statement and the Chapter 11 plan of
reorganization proposed by SSNN-Bonnie Lane LLC.

The hearing will take place at Courtroom 615, 219 South Dearborn
Street, Chicago, Illinois.  Objections must be filed on or before
August 24, which is also the deadline for voting creditors to file
their ballots.

SSNN-Bonnie is represented by:

     Gregory K. Stern, Esq.
     Gregory K. Stern, P.C.
     53 West Jackson Boulevard, Suite 1442
     Chicago, Illinois 60604
     Phone: (312) 427-1558
     Email: gstern1@flash.net

                   About SSNN-Bonnie Lane LLC

SSNN-Bonnie Lane LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Ill. Case No. 15-17056) on May 13,
2015.


STEINWAY MUSICAL: Moody's Revises Outlook to Neg & Affirms B2 CFR
-----------------------------------------------------------------
Moody's Investors Service changes Steinway Musical Instrument's
rating outlook to negative from stable due to Steinway's weak
credit metrics and the risk that metrics will remain soft for an
extended period. All ratings were affirmed, including the B2
Corporate Family Rating (CFR).

"Leverage, measured as Debt/EBITDA, is high at over 7 times," said
Kevin Cassidy, Senior Credit Officer at Moody's Investors Service.
Unless the company's operating performance improves, there is a
risk that leverage will remain above 6 times when the company
attempts to refinance its ABL revolving credit facility and its
$305 million term loan. The ABL expires in May 2018 and the term
loan matures in May 2019.

Ratings Affirmed:

Corporate Family Rating at B2;

Probability of Default Rating at B2-PD;

$305 million first lien senior secured term loan due 2019 at B2
(LGD 4, 52%)

RATING RATIONALE:

Steinway's B2 Corporate Family Rating reflects its small size in
terms of revenue, narrow product focus, high leverage --
debt/EBITDA is around 7 times -- and the potential inherent risks
associated with being owned by a hedge fund. These risks, which are
not expected in the near term, include possible actions such as
dividend payments or other shareholder returns. The rating also
reflects the risk that covenant cushion will diminish as the
required levels step down. The rating is supported by Steinway's
strong brand recognition and high product quality, geographic
diversification and breadth of product offering across the musical
instruments it supplies.

The negative outlook reflects the uncertainty that debt/EBITDA will
remain high for an extended period and the risk that cushion under
the leverage covenant will diminish as the required levels step
down.

The rating is unlikely to be upgraded in the near to medium term
given the negative outlook. Over the longer term, for an upgrade to
be considered debt/EBITDA would need to approach 4 times and
revenue would need to meaningfully increase.

Ratings could be downgraded if debt/EBITDA was sustained above 7
times for any reason or if liquidity, including covenant cushion,
meaningfully deteriorated.


STEPHCRIS OF MISSOURI: Taps Danna McKitrick as Legal Counsel
------------------------------------------------------------
StephChris of Missouri, LLC seeks approval from the U.S. Bankruptcy
Court for the Eastern District of Missouri to hire Danna McKitrick
P.C. as its legal counsel.

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

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

     (b) prepare legal papers;

     (c) represent the Debtor in negotiations related to its
         operations under Chapter 11 and the formulation of its
         plan of reorganization;
   
     (d) advise the Debtor regarding the negotiation of contracts
         and disposition of assets; and

     (e) represent the Debtor at the meeting of creditors and in
         any adversary proceedings.

The firm's professionals and their hourly rates are:

     Shareholders            $195 - $375
     Associate Attorneys     $140 - $225
     Paralegals               $90 - $130

A. Thomas DeWoskin, Esq., the attorney designated to represent the
Debtor, will be paid $355 per hour.

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

The firm can be reached through:

     Thomas A. DeWoskin, Esq.
     Danna McKitrick P.C.
     7701 Forsyth, Suite 800
     St. Louis, MO 63105
     Tel: (314) 726-1000
     Fax: (314) 725-6592
     Email: tdewoskin@dmfirm.com

             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 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.


STERLING MIDCO: Moody's Maintains B2 Corporate Family Rating
------------------------------------------------------------
Moody's Investors Service said that Sterling Midco Holdings, Inc.'s
(d.b.a. Sterling Talent Solutions or "Sterling") proposed $10
million upsizing to $60 million from the recently announced $50
million add-on to its $440 million first lien term loan due 2022
($437.2 million outstanding as of March 31, 2016) is a moderate
credit negative, but it does not impact the company's ratings
including its B2 Corporate Family Rating (CFR) or negative rating
outlook.

Moody's views the add-on transaction including the $10 million
upsizing as a moderate credit negative because it indicates
Sterling's willingness to aggressively add fixed term debt that
will slow its de-leveraging progress in favor of acquisitions and
one-time spending. Terming out the revolver and adding cash to the
balance sheet enhances the company's liquidity near term, but
Sterling will likely continue to utilize revolver draws and cash
for acquisitions and integration spending.

Moody's maintains the following ratings on Sterling Midco Holdings,
Inc.:

-- Corporate Family Rating, unchanged at B2

-- Probability of Default Rating, unchanged at B2-PD

-- $70 million (including $10 million upsized amount) senior
    secured first lien revolving credit facility due 2020,
    unchanged at B1 (LGD3)

-- $500 million (including $60 million add-on) senior secured
    first lien term loan due 2022, unchanged at B1 (LGD3)

-- $140 million senior secured second lien term loan due 2023,
    unchanged at Caa1 (LGD6)

-- Outlook, unchanged at Negative

Sterling Midco Holdings, Inc., through its operating subsidiary
Sterling Infosystems, Inc., provides pre- and post-employment
verification services including criminal background checks,
credential verification and employee drug testing. Sterling is
majority-owned by affiliates of private equity sponsor Broad Street
Principal Investments (a subsidiary of Goldman Sachs). Factoring in
the full year results from recent acquisitions, the company
generated approximately $438 million of operating revenues during
the last twelve months ended March 31, 2016.


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

      Debtor                                     Case No.
      ------                                     --------
      Stone Panels, Inc.                         16-32856
      100 South Royal Lane
      Coppell, TX 75019

      Stone Panels Holding Corporation           16-32859
      120 S. Central Ave., Suite 600
      Saint Louis, MO 63105

Type of Business: Stone Panels, Inc. manufactures natural stone
                  composite panels for exterior, interior,
                  renovation, elevator, and specialty applications
                  in the United States, France, Europe, and
                  internationally.

Chapter 11 Petition Date: July 21, 2016

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

Judge: Hon. Barbara J. Houser

Debtors' Counsel: Eric J. Taube, Esq.
                  WALLER LANSDEN DORTCH & DAVIS LLP
                  100 Congress Ave., 18th Floor
                  Austin, TX 78701
                  Tel: (512) 685-6400
                  Fax: (512) 685-6417
                  E-mail: eric.taube@wallerlaw.com

                                       Estimated    Estimated
                                        Assets     Liabilities
                                       ---------   -----------
Stone Panels, Inc.                     $10M-$50M    $10M-$50M
Stone Panels Holding                   $0-$50,000   $10M-$50M

The petition was signed by Tim Friedel, president and CEO.

A. List of Stone Panels, Inc.'s 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Prime Industrial Recruiters                             $951,947
dba Elite Workforce Management
4527 E 31st Street

Axiom Materials, Inc.                                   $537,625
2320 Pullman Street
Santa Ana, CA 92705

Thompson Street                                         $375,833
Capital Manager, LLC
120 S Central Ave, Suite 600
St. Louis, MO 63105

H.B. Fuller Company                                     $329,455
1200 Willow Lake Boulevard
St. Paul, MN 55110

IMAP Global Logistics                                   $273,720
1063 Texan TRL
Suite 200
Grapevine, TX 76051

Plascore                                                $173,519

Miller Druck Specialty                                  $161,366
Contracting, Inc.

Cross Country                                           $131,400
Freight Services, Inc.

DJS International Services                               $98,694

Ascend Custom Extrusions, LLC                            $84,770

Indiana Limestone Co                                     $80,263

Fivepayne LLC                                            $69,574

Rocharel Rochas, LDA                                     $67,667

IGM - International                                      $60,548
Granite & Marble

Ontrack Staffing                                         $58,724

N.T. Diamonds Tools LLC                                  $48,091

MLRP 100 S Royal LP                                      $46,318

Taos Staffing Corporation                                $44,002

Bryan Cave LLP                                           $43,361

Thermafoam Operating, LLC                                $42,744

B. List of Stone Panels Holding's Two Largest Unsecured Creditors:


   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
The Privatebank and                Long Term Loan      $9,209,631
Trust Co
1401 South Brentwood
Boulevard
St. Louis, MO 63144

Brookside Mezzanine                   Services         $5,126,757
Fund III, LP
201 Tresser Boulevard,
Suite 330
Stamford, CT 06901


STONEGATE MORTGAGE: S&P Affirms Then Withdraws 'B' ICR
------------------------------------------------------
S&P Global Ratings said it affirmed and subsequently withdrew its
'B' long-term issuer credit rating on Stonegate Mortgage Corp.  S&P
withdrew the rating at the request of the company.  At the time of
withdrawal, the outlook was negative.


STRONGHOLD ASSET: Taps Louis J. Esbin as Legal Counsel
------------------------------------------------------
Stronghold Asset Management Corp. seeks approval from the U.S.
Bankruptcy Court for the Central District of California to hire the
Law Offices of Louis J. Esbin as its legal counsel.

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

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

     (b) appear at all meetings required under the Guidelines of
         the Office of the U.S. Trustee;

     (c) prepare legal papers and negotiate on behalf of the
         Debtor;

     (d) advise the Debtor about its rights and duties in
         connection with the assumption or rejection of executory
         contracts and leases; and

     (e) assist the Debtor in any proceedings.

Louis Esbin, Esq., a principal of the firm, will be paid $500 per
hour while the firm's paralegal will receive $150 per hour.

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

The firm can be reached through:

     Louis J. Esbin, Esq.
     Law Offices of Louis J. Esbin
     25129 The Old Road, Suite 114
     Stevenson Ranch, CA 91381-2273
     Phone: 661-254-5050
     Fax: 661-254-5252
     Email: Esbinlaw@sbcglobal.net

                     About Stronghold Asset

Stronghold Asset Management Corp. sought protection under Chapter
11 of the Bankruptcy Code (Bankr. C. D. Calif. Case No. 16-11961)
on July 6, 2016.  The petition was signed by Edward Akselrod, chief
executive officer.  

The case is assigned to Judge Maureen Tighe.

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


SUTTON 58 OWNER: Hires CohnReznick as Accountants
-------------------------------------------------
Debtor, Sutton 58 Owner LLC, seeks authority from the U.S.
Bankruptcy Court for the Southern District of New York to employ
CohnReznick LLP as general accountants to the Debtor, effective as
of April 6, 2016.

Sutton 58 Owner requires CohnReznick to:

   a. assist the Debtor in the preparation of short and
      long-term projections (balance sheet, profit and loss, and
      cashflows);

   b. assist the Debtor in the preparation of cash flow
      forecasts;

   c. assist the Debtor in the preparation of financial-related
      disclosures required by the Bankruptcy Court, including
      Debtor's Schedules of Assets and Liabilities, Statements of
      Financial Affairs, monthly operating reports, etc.;

   d. assist the Debtor in the preparation of financial
      statements including tax returns, forms and audit reports;

   e. assist the Debtor to the extent necessary to formulate a
      disclosure statement and plan of reorganization;

   f. assist the Debtor in daily administrative and operational
      duties; and

   g. render such other general business consulting or other such
      assistance as the Debtor or its counsel may deem necessary.

CohnReznick will be paid at these hourly rates:

     Partners/Senior Partner             $610-$815
     Manager/Senior Manager/Director     $450-$640
     Other Professional Staff            $300-$440
     Paraprofessional                    $195

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

CohnReznick was paid a retainer in the sum of $35,000.00 prior to
the Petition Date. The Retainer was paid to CohnReznick by
non-debtor BH Sutton Owner LLC to act as accountants to Sutton 58
Owner LLC in this case. BH Sutton Owner LLC has advised Sutton 58
Owner LLC that it will not be seeking reimbursement of the Retainer
and will not be filing a proof of claim against Sutton 58 Owner
LLC's estate for the Retainer.

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

CohnReznick can be reached at:

     Clifford Zucker
     COHNREZNICK LLP
     1301 Avenue of the Americas
     New York, NY 10019
     Tel: (212) 297-0400

                   About BH Sutton Mezz LLC and
                       Sutton 58 Owner LLC

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

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

Both cases are jointly administered.


TALL CITY WELL: Allowed to Use Cash Collateral Up to Sept. 14
-------------------------------------------------------------
Judge Ronald B. King of the U.S. Bankruptcy Court for the Western
District of Texas authorized Tall City Well Service, LP, to use
cash collateral on an interim basis, until September 14, 2016.

The approved budget provides for total monthly administrative costs
in the amount of $262,000.  The administrative costs consist of
payroll, insurance, rent and professional fees, among others.

Judge King granted secured creditors Wells Fargo Bank, N.A. and
Wells Fargo Equipment Finance replacement liens in and on all
property of the Debtor and its bankruptcy estate.  He directed the
Debtor to make monthly adequate protection payments of $10,000 to
Wells Fargo Bank and $14,000 to Wells Fargo Equipment Finance on
the 21st day of every month.

A hearing to further consider the Debtor's use of cash collateral
is scheduled on September 14, 2016 at 9:30 a.m.

A full-text copy of the Order, dated July 21, 2016, is available at
https://is.gd/bxACKu

             About Tall City Well Service, LP.

Tall City Well Service, LP, filed a chapter 11 petition (Bankr.
W.D. Tex. Case No. 16-70079) on May 17, 2016, and is represented by
Jesse Blanco Jr, Esq., in San Antonio, Tex.  This chapter 11
proceeding is related to (but not jointly administered with) In re
J G Solis, Inc., (Bankr. W.D. Tex. Case No. 16-70080) also filed on
May 17, 2016.  The petition was signed by Joel G. Solis, partner.
The Debtor estimated its assets and liabilities at $0 to $50,000 at
the time of the filing.  



TAR HEEL OIL: Cash Collateral Use Up to Sept. 8 Allowed
-------------------------------------------------------
Judge Benjamin A. Kahn of the U.S. Bankruptcy Court for the Middle
District of North Carolina authorized Tar Heel Oil II, Inc. and
Gambill Oil, LLC. to use cash collateral on an interim basis, until
September 8, 2016.

The approved Budget provides for total expenses in the amount of
$170,216 for the month of July, and $106,516 for each of the months
of August and September.

Tar Heel Oil is indebted to the following:

     (1) Great State Bank in the amount of $953,000;

     (2) BLT Investments, LLC in the amount of $1,870,000; and

     (3) Yadkin Valley Bank and Trust Company in the amount of
$816,000.

The Debtors are jointly indebted to Cary Oil Co., Inc. in the
amount of $1,114,900, as of the Petition date.  

Gambill is indebted to:

     (1) Gambill Oil Company, Inc., et. al., in the amount of
$684,000; and

     (2) Yadkin Valley Bank and Trust Company in the amount of
$500,000.

Judge Kahn acknowledged that the use of cash collateral is
necessary to allow the Debtors to continue operations to provide
funds to meet future operational needs including the costs of
supplies and inventory, maintenance, taxes, wages and salaries and
other normal expenses incurred as a result of the Chapter 11
filings.

Judge Kahn directed the Tar Heel Oil to make monthly adequate
protection payments to Great State Bank in the amount of $4,368;
and BLT in the amount of $2,500.  He directed the Debtors to make
monthly adequate protection payments to Cary Oil in the amount of
$7,258.93.  

Judge Kahn ordered Gambill to make monthly adequate protection
payments to Yadkin Bank in the amount of $3,290.

A further hearing on the Debtors' Cash Collateral Motion and the
objections and responses to the Motion is scheduled on September 8,
2016 at 9:30 a.m.

A full-text copy of the Order, dated July 21, 2016, is available at
https://is.gd/v2sAGY

A full-text copy of the Budget, dated July 21, 2016, is available
at https://is.gd/4Tz8i1

                   About Tar Heel Oil II, Inc.

Tar Heel Oil II, Inc. and Gambill Oil, LLC sought protection under
Chapter 11 of the Bankruptcy Code  (Bankr. M.D.N.C. Case Nos.
16-50216 and 16-50217) on March 4, 2016.  The petitions were signed
by Arthur H. Lankford, president.  The Debtors are represented by
Charles M. Ivey, III, Esq., at Ivey, McClellan, Gatton, & Siegmund,
LLP.  The case is assigned to Judge Benjamin A. Kahn.  Tar Heel Oil
estimated assets of $3.18 million and debts of $6.03 million.
Gambill Oil estimated assets of $986,674 and debts of $3.28
million.


TERRAFORM PRIVATE: S&P Affirms 'B-' CCR, Off Watch Negative
-----------------------------------------------------------
S&P Global Ratings said that it affirmed its 'B-' corporate credit
rating on TerraForm Private LLC.  S&P also removed the ratings from
CreditWatch, where they were placed with negative implications on
May 25, 2016.  The outlook is stable.

The 'B' issue-level rating on the secured term loan, and '2'
recovery rating are unchanged.  The '2' recovery rating indicates
S&P's expectation for substantial (70%-90%; upper half of the
range) recovery in a default scenario.

"The CreditWatch resolution stems from our understanding of the
issuer's operations in the possible void of TerraForm Power's
participation in the company," said S&P Global Ratings credit
analyst Michael Ferguson.

"We had previously developed a base case forecast on the assumption
that assets would periodically be sold to TerraForm Power, which
would provide the issuer with cash flow to retire debt and
ultimately improve credit metrics.  However, TerraForm Power's
ongoing struggles related to governance and parent issues have
called this assumption into question.  Thus, we now rely on the
ability of the preferred equity holders to maintain these ssets,
which have performed in line with our expectations, or sell the
assets outside of the arrangement with TerraForm Power; we expect
either outcome would be preferable to relying on TerraForm Power to
purchase the assets, as these assets continue to have significant
value.  However, the weakness of SunEdison still weighs on this
rating, though we do not expect that TerraForm Private will be
pulled into SunEdison's bankruptcy proceedings due to the presence
of appropriate ring fencing.

Per S&P's group ratings methodology, it generally do not lower the
ratings of insulated subsidiaries, like TerraForm Private, below
'B-' unless S&P believes that the subsidiary would likely be drawn
into an insolvency of the parent company.  The outlook on TerraForm
Private is stable, as its SACP of 'b' is above its corporate credit
rating of 'B-'.


THUNDERBOLT MANUFACTURING: Sedgwick Property to Be Sold for $2.5K
-----------------------------------------------------------------
Carl B. Davis, the Chapter 11 trustee for Thunderbolt
Manufacturing, Inc., asks the U.S. Bankruptcy Court for the
District of Kansas to authorize the private treaty sale of the real
property located at Lot 5, Block 10, Westlink Seventeen Addition,
Wichita, Sedgwick County, Kansas, to Ryan Morrell for $2,500,
subject to overbid.

The sale will be conducted by the Trustee at his office at 2121 W.
Maple, Wichita, Kansas, on or after July 28, 2016, unless
objections or other offers are timely filed.  All objections and
any higher offers must be filed with the Clerk of the United States
Bankruptcy Court on or before July 28, 2016.

Any party-in-interest may bid more in increments of $1,000.
Additional bids must be accompanied by a cash deposit of 20% of the
bid price as earnest money, to be applied to the purchase price or
returned depending on whether the additional bidder is the ultimate
purchaser of the Real Property.  If additional bids are received,
then the said bidders and Mr. Morrell will be allowed to bid by
telephone at the time of sale until a high bid is reached.

The proceeds from the sale are expected to be distributed according
to these priorities:

   a. Cost of Sale: Trustee's Fee on all funds disbursed at closing
by the trustee or the closing agent and including the cost of sale:
(i) $40 for photocopying, $30 for postage, $75 for certification of
copies, and $50 for Register of Deeds.

   b. Expense for filing of Motion in the sum of $176 paid from
bankruptcy estate.

   c. The remaining funds (after payment of the balance of the
Costs of Sale and Trustee's fees) will be distributed to creditors
whose claims are allowed at a later date by the Court.

If objections are timely filed, a hearing will be held on Aug. 11,
2016, at 10:30 a.m.

Wichita, Kansas-based Thunderbolt Manufacturing Inc sought Chapter
11 protection (Bankr. D. Kan. Case No. 14-bk-11954) on Aug. 21,
2014.  The Debtor was represented by Elizabeth A. Carson, Esq., at
Bruce Bruce & Lehman LLC.


TRIDENT BRANDS: Has $648-K Net Loss in Qtr. Ended May 31
--------------------------------------------------------
Trident Brands Incorporated filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $648,063 on $204,831 of revenues for the three months ended May
31, 2016, compared to a net loss of $792,857 on $670 of revenues
for the same period in 2015.

For the six months ended May 31, 2016, the Company listed a net
loss of $1.43 million on $224,026 of revenues, compared to a net
loss of $1.18 million on $1,640 of revenues for the same period
last year.

As of May 31, 2016, the Company had $3.09 million in total assets,
$4.23 million in total liabilities and a total stockholders'
deficit of $1.14 million.

The Company has had minimal revenues during the period from
November 5, 2007 (date of inception) to May 31, 2016 and has a
working capital deficit as of May 31, 2016.  These conditions raise
substantial doubt about the Company's ability to continue as a
going concern.  The Company is currently in the early growth stage
at product introduction phase and expenses are increasing.  The
company has secured financing to cover these expenses.  The current
cash of $18,600, is insufficient to cover the expenses the Company
will incur during the next twelve months.

A full-text copy of the Form 10-Q is available for free at:

                      https://is.gd/sQXotC

Trident Brands Incorporated (f/k/a Sandfield Ventures Corp.) was
initially formed to engage in the acquisition, exploration and
development of natural resource properties, but has since
transitioned and is now focused on branded consumer products and
food ingredients.  

The Company maintains a compelling portfolio of branded consumer
products including nutritional products and supplements under the
Everlast(R) and Brain Armor(R) brands, and functional food
ingredients under the Oceans Omega brand.  These brands are focused
on the fast growing supplements and nutritional product and heart
and brain health categories, supported by an  established contract
manufacturing, supply chain and research and development
infrastructure, and a solid and proactive management  team, board
of directors and advisors with many years of experience in related
categories.



UNITED MOBILE: Wants Authorization to Use Cash Collateral
---------------------------------------------------------
United Mobile Solutions, LLC asks the U.S. Bankruptcy Court for the
Northern District of Georgia for authorization to use cash
collateral.

The Debtor relates that T-Mobile USA, Inc. asserts a first priority
lien upon and security interest in the Debtor's assets, including
all accounts and other assets, described in the UCC Financing
Statement number 065-2011-000982.

The Debtor's proposed monthly Budget provides for expenses in the
amount of $166,727.  The expenses include payroll, rent and
utilities, and insurance, among others.

The Debtor says that in order to effectively organize, it must have
access to cash to pay the operating expenses of its business.  It
further says that if it does not have the authority to use its
available cash to pay operating expenses, the going concern value
of the business will be significantly harmed and the estate and
creditors will be negatively affected.

A full-text copy of the Debtor's Motion, dated July 20, 2016, is
available at https://is.gd/PADLw6

             About United Mobile Solutions, LLC.

United Mobile Solutions, LLC. filed a chapter 11 petition (Bankr.
N.D. Ga. Case No. 16-62537) on July 20, 2016.  The Debtor is a
carrier master dealer that operates and manages approximately 20
retail cellular phone stores.  The Debtor's corporate offices are
located in Norcross, Georgia.  The Debtor is represented by Cameron
M. McCord, Esq., at Jones & Walden, LLC.  The Debtor estimated its
assets at less than $50,000 and its liabilities at more than $1
million at the time of the filing.


VANTAGE SPECIALTY: S&P Affirms 'B-' CCR, Outlook Remains Stable
---------------------------------------------------------------
S&P Global Ratings affirmed its 'B-' corporate credit ratings on
Vantage Specialty Chemicals Inc.  The outlook remains stable.

At the same time, S&P is affirming its 'B-' issue-level rating on
the company's first-lien term loan (including the proposed
$85 million add-on) and on the company's revolving credit facility
and S&P is revising the recovery rating to '4' from '3'.  The '4'
recovery rating indicates S&P's expectation of average (higher end
of the 30% to 50% range) recovery in the event of a payment
default.  As part of this transaction, S&P expects that the company
will extend the maturities on the credit facility and the
first-lien term loan to 2019 and 2021, respectively.

S&P is also assigning its 'CCC' issue-level and '6' recovery
ratings to Vantage's proposed $40 million secured second-lien term
loan due 2022.  The '6' recovery rating indicates S&P's expectation
of negligible recovery (0% to 10%) in the event of payment
default.

The company will be issuing an $85 million add-on to the company's
existing secured first-lien term loan and a new $40 million secured
second-lien term loan.  The company will also seek to extend the
maturity dates on its existing revolving credit facility and on its
first-lien term loan.  S&P based all ratings on preliminary terms
and conditions.

"Our ratings reflect our assessment of Vantage's financial risk as
highly leveraged and its business risk profile as weak," said S&P
Global Ratings credit analyst Allison Schroeder.  The stable rating
outlook on Vantage reflects S&P's expectations of reasonably
predictable EBITDA and cash flow generation over the next year.
Despite S&P's assessment of the company's financial profile as
highly leveraged, S&P views Vantage's annual cash-based
debt-servicing obligations as being manageable relative to its cash
flow generation because a large portion of the company's debt is in
the form of PIK preferred (at a parent holding company) equity on
which S&P anticipates no cash interest outflow.  S&P expects the
company's EBITDA and cash flow generation to improve as the company
continues to integrate acquisitions in relatively stable end
markets and based on our overall outlook for modest economic growth
and S&P's expectation that the company's strengths in the domestic
market and its presence in Latin America will contribute to better
overall volumes.

S&P assumes that management and the company's owners will support
credit quality and, therefore, S&P has not factored into its
analysis any distributions to shareholders or significant
debt-funded capital spending.  S&P expects that the company will
maintain leverage credit measures within S&P's range of
expectations, with debt to EBITDA at or above 7x, pro forma for
acquisitions, over the next year.

"We could lower the ratings if Vantage's organic revenue growth
stalled or turned negative, or if its margins declined to
single-digit levels.  In addition, we could lower ratings if
liquidity weakened to less than adequate or if cash flow turns
negative.  At the current rating, there is no room for additional
debt funded acquisitions, which could push debt to EBITDA above 9x
(pro forma for acquisitions and including PIK preferred equity)
over the next twelve months.  We could also lower ratings should
the company decide to pursue any more large debt-funded
acquisitions or if our assessment of management's financial policy
were to deteriorate so that we no longer viewed management as
supportive of credit quality," S&P said.

"Given current leverage levels, we view an upgrade as unlikely over
the next year.  We could, however, consider an upgrade if the
company reduces leverage using cash flows or equity to pay down
debt--improving the FFO to total adjusted debt ratio to above
12%--and we believe that the owners and management would be
committed to maintaining leverage at these improved levels.  In
addition, we could take a positive rating action over the next year
if debt to EBITDA falls to levels at or below 6x (including PIK
preferred equity) for what we expect to be a sustainable period,"
S&P noted.


VERSO PAPER: S&P Assigns 'B+' CCR & Rates $220MM Loan 'BB'
----------------------------------------------------------
S&P Global Ratings said it assigned its 'B+' corporate credit
rating to Verso Paper Holdings LLC upon its emergence from
bankruptcy.  The outlook is stable.

At the same time, S&P assigned its 'BB' issue-level rating to the
company's $220 million secured term loan due 2022.  S&P's recovery
rating on the term loan is '1', which raises the issue-level rating
two notches from the corporate credit rating and indicates our
expectation for very high (90% to 100%) recovery for creditors in
the event of default.  S&P estimates adjusted debt between
$750 million and $775 million at the time of emergence, which
includes the company's tax-affected pension and other
postretirement benefit obligations.

Memphis-based Verso is the largest producer of coated freesheet
paper in North America and also produces specialty papers and pulp.
Coated freesheet paper is used in commercial printing, magazines,
catalogs, books, advertising inserts, and other products.

"Our stable outlook reflects our projection that after the material
reduction in debt related to the company's bankruptcy
restructuring, debt to EBITDA will improve to the 3x to 4x range on
a run rate basis," said S&P Global Ratings credit analyst
Christopher Andrews.

S&P could take a negative rating action over the next 12 months if
paper demand and pricing materially underperform S&P's forecast and
the company does not achieve the run-rate EBITDA levels S&P expects
it to, such that debt to EBITDA is sustained over 5x.
Alternatively, a downgrade could also be the result of declining
profitability that S&P views as being non-temporary, such that S&P
reassess its view of Verso's business risk profile to vulnerable
from weak.

Although S&P views it as unlikely over the next 12 months, it could
take a positive rating action if the company is able to drive
stronger operating efficiency, resulting in EBITDA growth that is
higher relative to S&P's forecast, or that Verso is able to reduce
its revolving debt balance more rapidly than S&P expects, such that
S&P believes leverage will be maintained below 3x.


VIDEO DISPLAY: Incurs $.39-Mil. Net Loss in Qtr. Ended May 31
-------------------------------------------------------------
Video Display Corporation filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $0.39 million on $1.86 million of net sales for the three months
ended May 31, 2016, compared to a net loss of $1.57 million on
$2.36 of net sales for the same period in 2015.

As of May 31, 2016, Video Display Corporation had $12.08 million in
total assets, $4.01 million in total liabilities and a total
stockholders' equity of $8.07 million.

The Company has sustained losses for each of the last two years and
has seen a decline in both its working capital and liquid assets
during this time.  These losses were a combination of low revenues
at all divisions without a commensurate reduction of expenses.
During the year ended February 29, 2016, the Company operated using
cash from operations of $0.8 million, which was primarily generated
from a $0.7 million tax refund that was non-recurring in nature.
During the quarter ended May 31, 2016, operational cash flows used
$0.5 million.

Management has implemented a plan to improve the liquidity of the
Company. The Company has been implementing a plan to increase
revenues at all the divisions, each structured to the particular
division with an increase in the current backlog and growth in
revenues. The Company has a plan to reduce expenses at the
divisions, as well as at the corporate location with the
expectation that expenses will be decreased by more than $1.7
million per year. Management continues to explore options to
monetize certain long-term assets of the business, including
current negotiations to sell its Lexel Imaging subsidiary,
presented as discontinued operations, where a final sale is
expected during fiscal year ending February 28, 2017. If additional
and more permanent capital is required to fund the operations of
the Company, no assurance can be given that the Company will be
able to obtain the capital on terms favorable to the Company, if at
all.

The ability of the Company to continue as a going concern is
dependent upon the success of management's plans to improve
revenues, the operational effectiveness of continuing operations,
to liquidate the subsidiary noted above, the procurement of
suitable financing, or a combination of these. The uncertainty
regarding the potential success of management's plan create
substantial doubt about the ability of the Company to continue as a
going concern.

A full-text copy of the Form 10-Q is available for free at:

                      https://is.gd/NPPGxg

                About Video Display Corporation

Video Display Corporation and subsidiaries is a provider and
manufacturer of video products, components, and systems for visual
display and presentation of electronic information media in a
variety of requirements and environments.  The Company designs,
engineers, manufactures, markets, distributes and installs
technologically advanced display products and systems, from basic
components to turnkey systems, for government, military, aerospace,
medical, industrial, and commercial organizations.  The Company
markets its products worldwide primarily from facilities located in
the United States.



VILLAS DEL MAR: Banco Popular Wants to Prohibit Cash Use
--------------------------------------------------------
Banco Popular De Puerto Rico asks the U.S. Bankruptcy Court for the
District of Puerto Rico to prohibit Villas Del Mar Hau, Inc., from
using Banco Popular's cash collateral.

The Debtor entered into various loan agreements with Banco Popular,
which are secured by, among other things, real estate collateral
which operates as a resort called Parador Villas del Mar Hau.  The
Debtor granted Banco Popular a lien over, among other things, all
of its pre-petition and post-petition rents and revenue generated
by the Real Estate Collateral.

As of the Petition Date, Banco Popular is the holder of a valid,
perfected, secured claim in the amount of $1,409,903.30.

Banco Popular tells the Court that it has engaged in good faith
efforts with the Debtor to attempt to reach an agreement pursuant
to which Banco Popular may provide its consent for the use of its
cash collateral and pave the way towards the potential confirmation
of a consensual plan.  It further tells the Court that the Debtor
has failed to provide Banco Popular with the  information that it
had requested as part of these discussions and that the parties
have not been able to reach an agreement.

Banco Popular says that it informed the Debtor's counsel that it
does not consent to the Debtor's continued use of cash collateral.
Banco Popular further says that the Debtor has not requested an
order authorizing the use of any cash collateral and that the
Debtor has not requested or obtained Banco Popular's consent to use
any of the cash collateral.

A full-text copy of Banco Popular De Puerto Rico's Motion, dated
July 20, 2016, is available at https://is.gd/RnGkYt

Banco Popular De Puerto Rico is represented by:

          Luis C. Marini, Esq.
          Carolina Velaz-Rivero, Esq.
          O'NEILL & BORGES LLC
          250 Muñoz Rivera Avenue, Suite 800
          San Juan, PR 00918-1813
          Telephone: (787) 764-8181
          Email: luis.marini@oneillborges.com
                 carolina.velaz@oneillborges.com

             About Villas Del Mar Hau, Inc.

Villas Del Mar Hau, Inc. filed for Chapter 11 bankruptcy protection
(Bankr. D.P.R. Case No.: 15-10146) on December 22, 2015. The
petition was Myrna Hau Rodriguez, president/owner.  The Debtor is
represented by Victor Gratacos Diaz, Esq., at Gratacos Law Firm.
The case is assigned to Judge Enrique S. Lamoutte Inclan.  The
Debtor disclosed total assets of $3.80 million and estimated total
debts of $4.46 million at the time of the filing.


WARNER MUSIC: Obtains Lender Consent to Amend Term Loan Agreement
-----------------------------------------------------------------
As previously disclosed, on July 12, 2016, WMG Acquisition Corp.,
an indirect, wholly-owned subsidiary of Warner Music Group Corp.,
launched a process by which it sought lender consent to an
amendment to the credit agreement, dated Nov. 1, 2012.  The Company
received lender consent to, and executed, the Senior Term Loan
Credit Agreement Amendment on July 15, 2016.

As approved, the Senior Term Loan Credit Agreement Amendment (among
other changes) will conform certain baskets governing the ability
to incur debt and liens to the equivalent provisions applicable to
the Company's 5.625% Senior Secured Notes due 2022 and 6.750%
Senior Notes due 2022.  The changes to the baskets will become
effective after (i) WMG Acquisition Corp. and its restricted
subsidiaries have incurred indebtedness for borrowed money with a
maturity date after the Maturity Date the gross proceeds of which
(before deduction of original issue discount and other fees) equal
at least $300 million and (ii) the Term Loan Borrower has prepaid
Tranche B Term Loans (as defined in the Senior Term Loan Credit
Agreement) in an amount at least equal to the lesser of (x) $300
million and (y) the net proceeds of such indebtedness.

                     About Warner Music Group

Based in New York, Warner Music Group Corp. (NYSE: WMG)
-- http://www.wmg.com/-- was formed by a private equity
consortium of investors on Nov. 21, 2003.  The Company is the
direct parent of WMG Holdings Corp., which is the direct parent of
WMG Acquisition Corp.  WMG Acquisition Corp. is one of the world's
major music-based content companies and the successor to
substantially all of the interests of the recorded music and music
publishing businesses of Time Warner Inc.

The Company classifies its business interests into two fundamental
operations: Recorded Music and Music Publishing.  The Company's
Recorded Music business primarily consists of the discovery and
development of artists and the related marketing, distribution and
licensing of recorded music produced by such artists.  The
Company's Music Publishing operations include Warner/Chappell, its
global Music Publishing company, headquartered in New York with
operations in over 50 countries through various subsidiaries,
affiliates and non-affiliated licensees.

In May 2011, Warner Music Group Corp. and Access Industries, the
U.S.-based industrial group, announced the execution of a
definitive merger agreement under which Access Industries will
acquire WMG in an all-cash transaction valued at $3.3 billion.
The purchase includes WMG's entire recorded music and music
publishing businesses.

On July 20, 2011, the Company notified the New York Stock
Exchange, Inc., of its intent to remove the Company's common stock
from listing on the NYSE and requested that the NYSE file with the
SEC an application on Form 25 to report the delisting of the
Company's common stock from the NYSE.  On July 21, 2011, in
accordance with the Company's request, the NYSE filed the Form 25
with the SEC in order to provide notification of that delisting
and to effect the deregistration of the Company's common stock
under Section 12(b) of the Securities Exchange Act of 1934, as
amended.  On August 2, 2011, the Company filed a Form 15 with the
SEC in order to provide notification of a suspension of its duty
to file reports under Section 15(d) of the Exchange Act.  The
Company continues to file reports with the SEC pursuant to the
Exchange Act in accordance with certain covenants contained in the
instruments governing the Company's outstanding indebtedness.

Warner Music reported a net loss attributable to the Company of $91
million on $2.96 billion of revenues for the fiscal year ended
Sept. 30, 2015, compared to a net loss attributable to the Company
of $308 million on $3.02 billion of revenues for the fiscal year
ended Sept. 30, 2014.

As of March 31, 2016, Warner Music had $5.48 billion in total
assets, $5.25 billion in total liabilities and $234 million in
total equity.

                           *    *     *

As reported by the TCR on Oct. 23, 2015, Standard & Poor's Ratings
Services lowered its corporate credit rating on New York City-based
Warner Music Group Corp. (WMG) to 'B' from 'B+'.  "The downgrades
reflect our expectations that WMG's adjusted leverage will remain
elevated for the next two years -- above our 5x threshold for the
'B+' corporate credit rating," said Standard & Poor's credit
analyst Naveen Sarma.


WARNER MUSIC: To Launch Senior Secured Notes Offering
-----------------------------------------------------
Warner Music Group Corp. announced that through its wholly owned
subsidiary, WMG Acquisition Corp., it intends to commence a private
offering of senior secured notes.

The Notes will be offered in a private offering exempt from the
registration requirements of the United States Securities Act of
1933, as amended.  The Notes will be offered only to qualified
institutional buyers pursuant to Rule 144A and to certain persons
outside the United States pursuant to Regulation S, each under the
Securities Act.  The Company intends to use the proceeds of the
Offering to repay a portion of the term loans under the Company's
senior credit facilities.

The Notes have not been registered under the Securities Act and may
not be offered or sold within the United States absent registration
or an applicable exemption from the registration requirements.

                     About Warner Music Group

Based in New York, Warner Music Group Corp. (NYSE: WMG)
-- http://www.wmg.com/-- was formed by a private equity
consortium of investors on Nov. 21, 2003.  The Company is the
direct parent of WMG Holdings Corp., which is the direct parent of
WMG Acquisition Corp.  WMG Acquisition Corp. is one of the world's
major music-based content companies and the successor to
substantially all of the interests of the recorded music and music
publishing businesses of Time Warner Inc.

The Company classifies its business interests into two fundamental
operations: Recorded Music and Music Publishing.  The Company's
Recorded Music business primarily consists of the discovery and
development of artists and the related marketing, distribution and
licensing of recorded music produced by such artists.  The
Company's Music Publishing operations include Warner/Chappell, its
global Music Publishing company, headquartered in New York with
operations in over 50 countries through various subsidiaries,
affiliates and non-affiliated licensees.

In May 2011, Warner Music Group Corp. and Access Industries, the
U.S.-based industrial group, announced the execution of a
definitive merger agreement under which Access Industries will
acquire WMG in an all-cash transaction valued at $3.3 billion.
The purchase includes WMG's entire recorded music and music
publishing businesses.

On July 20, 2011, the Company notified the New York Stock
Exchange, Inc., of its intent to remove the Company's common stock
from listing on the NYSE and requested that the NYSE file with the
SEC an application on Form 25 to report the delisting of the
Company's common stock from the NYSE.  On July 21, 2011, in
accordance with the Company's request, the NYSE filed the Form 25
with the SEC in order to provide notification of that delisting
and to effect the deregistration of the Company's common stock
under Section 12(b) of the Securities Exchange Act of 1934, as
amended.  On August 2, 2011, the Company filed a Form 15 with the
SEC in order to provide notification of a suspension of its duty
to file reports under Section 15(d) of the Exchange Act.  The
Company continues to file reports with the SEC pursuant to the
Exchange Act in accordance with certain covenants contained in the
instruments governing the Company's outstanding indebtedness.

Warner Music reported a net loss attributable to the Company of $91
million on $2.96 billion of revenues for the fiscal year ended
Sept. 30, 2015, compared to a net loss attributable to the Company
of $308 million on $3.02 billion of revenues for the fiscal year
ended Sept. 30, 2014.

As of March 31, 2016, Warner Music had $5.48 billion in total
assets, $5.25 billion in total liabilities and $234 million in
total equity.

                           *    *     *

As reported by the TCR on Oct. 23, 2015, Standard & Poor's Ratings
Services lowered its corporate credit rating on New York City-based
Warner Music Group Corp. (WMG) to 'B' from 'B+'.  "The downgrades
reflect our expectations that WMG's adjusted leverage will remain
elevated for the next two years -- above our 5x threshold for the
'B+' corporate credit rating," said Standard & Poor's credit
analyst Naveen Sarma.


WELLS FARGO 2015-NXS2: DBRS Confirms B(sf) Rating on Class F Certs
------------------------------------------------------------------
DBRS Limited confirmed all classes of Commercial Mortgage
Pass-Through Certificates, Series 2015-NXS2 (the Certificates)
issued by Wells Fargo Commercial Mortgage Trust 2015-NXS2 as
follows:

-- Class A-1 at AAA (sf)
-- Class A-2 at AAA (sf)
-- Class A-3 at AAA (sf)
-- Class A-4 at AAA (sf)
-- Class A-5 at AAA (sf)
-- Class A-SB at AAA (sf)
-- Class A-S at AAA (sf)
-- Class X-A at AAA (sf)
-- Class X-E at AAA (sf)
-- Class X-F at AAA (sf)
-- Class X-G at AAA (sf)
-- Class B at AA (low) (sf)
-- Class C at A (low) (sf)
-- Class PEX at A (low) (sf)
-- Class D at BBB (low) (sf)
-- Class E at BB (low) (sf)
-- Class F at B (low) (sf)

All trends are Stable. The Class A-S, Class B and Class C
Certificates may be exchanged for the Class PEX Certificates (and
vice versa).

The rating confirmations reflect the overall stable performance of
the transaction, which has experienced a collateral reduction of
0.5% since closing as the result of scheduled loan amortization. At
issuance, the pool consisted of 63 fixed-rate loans secured by 77
commercial and multifamily properties. As of the June 2016
remittance, all of the original 63 loans remain in the pool with an
aggregate outstanding principal balance of $910.1 million. There
are 58 loans, representing 90.4% of the current pool balance, that
are reporting YE2015 financials. These loans report a
weighted-average (WA) debt service coverage ratio (DSCR) of 1.71
times (x) and a WA debt yield of 9.1%. At issuance, the DBRS WA
DSCR and debt yield for the pool was 1.68x and 8.5%, respectively.
DBRS believes reported cash flows are likely artificially depressed
for some of the loans showing YE2015 metrics, as first-year
reporting is often skewed compared with underwritten or historical
figures, particularly when it comes to expenses. As such, DBRS
expects the WA DSCR for the pool could improve with the 2016
reporting. DBRS maintains an investment-grade shadow rating on one
loan in the pool, Patriots Park (Prospectus ID#1, 9.9% of the
current pool balance). DBRS has today confirmed that the
performance of this loan remains consistent with investment-grade
loan characteristics.

As of the June 2016 remittance, there is one loan in special
servicing, representing 2.5% of the current pool balance and one
loan on the servicer’s watchlist, representing 1.7% of the
current pool balance. These two loans and another loan in the top
15 are detailed below.

The 88 Hamilton Avenue loan (Prospectus ID#8, 2.53% of the current
pool balance) is secured by a 154,533 square foot (sf) Class B
industrial office and warehouse property in Stanford, Connecticut.
The loan transferred to special servicing in January 2016 due to
imminent monetary default as the servicer received notice that the
borrower’s sole member and manager both filed for Chapter 11
bankruptcy protection. The servicer has noted that counsel has been
engaged and efforts to protect the trust collateral through the
bankruptcy are ongoing, with a court-ordered auction on June 20,
2016. The servicer advises that the trust submitted a credit bid to
protect its interests and the loan will either be assumed with a
full cure, paid off or the trust will retain the property through
its credit bid.

According to the March 2016 rent roll, the property was 100%
occupied with an average rental rate of $14.95 per square foot
(psf) as compared with the issuance occupancy rate of 92.4% and
average rental rate of $14.77 psf. There is no tenant rollover risk
within the next 12 months with the largest three tenants
collectively representing 96.9% of the net rentable area (NRA), on
leases scheduled to expire between May 2018 and October 2023. The
loan reported a YE2015 DSCR of 1.52x, reflective of a net cash flow
(NCF) growth of 20.3% when compared to the DBRS UW DSCR of 1.26x.
According to the March 2016 appraisal value of $27.5 million
(resulting loan-to-value ratio of 83.6%), the value has declined by
$5.0 million from the issuance value of $32.5 million, as a result
of a slightly higher cap rate assumed in the latest appraisal as
compared to the issuance valuation. Market fundamentals appear to
remain in line with characteristics in place at issuance and, as
such, DBRS believes the increased cap rate is conservative. The
loan was modelled with an increased probability of default to
account for the elevated risk associated with the monetary default
and borrower bankruptcy.

The 100 West 57th Street loan (Prospectus ID#4, 4.9% of the current
pool balance) is part of a $180 million whole loan evidenced by
four pari passu notes secured by the leased fee interest in the
25,125 sf land parcel beneath the Carnegie House, a 21-storey
mixed-use residential and retail cooperative building located in
Midtown Manhattan, New York. The loan financed the sponsor’s
acquisition of the collateral for $286.0 million, with
approximately $124.1 million in equity contributed to close. At
closing, a $605,510 holdback reserve was established to cover the
cumulative difference between the ground rent and the debt service
during the anticipated repayment date period, which has a five-year
term ending in 2019. The servicer is reporting a YE2015 DSCR for
the loan of 0.94x, but that coverage does not give credit to the
reserve. The DBRS UW NCF figure implies coverage of 3.57x and is
based on a look-through analysis of the building’s cash flow
assuming no ground lease (for additional information, please see
the DBRS rating report dated July 16, 2015). As the DBRS viewpoint
remains unchanged since issuance, the DBRS UW NCF figure was
modelled for this review.

The 655 K Street loan (Prospectus ID#15, 1.7% of the current pool
balance) is secured by a 13,396 sf retail property in Washington,
D.C. The loan was added to the watchlist due to a low YE2015 DSCR
of 1.01x, which has declined when compared with the DBRS UW DSCR of
1.17x. The low YE2015 DSCR is attributable to delayed delivery for
two spaces under construction at issuance from late summer 2015 to
early Q2 2016. As of December 2015, the physical occupancy rate of
the property was 78.3%, compared with the leased rate of 100%. The
property is leased to three tenants: CVS (78.3% of the NRA), Pie
360 (10.8% of the NRA) and Shouk (10.9% of the NRA). All three
leases extend beyond the loan term, expiring between 2025 and 2030.
The DBRS UW NCF figure gives credit to the signed leases for
tenants not yet in occupancy, with an above-market vacancy factor
of 10.0% applied. Market characteristics remain similar to those at
issuance, as according to CoStar, comparable retail properties
within a 0.5-mile radius of the property were averaging a vacancy
rate of 6.4% and a triple net rental psf of $37.85 psf, as of July
2016. The servicer reports that, as of May 2016, Shouk has taken
occupancy of its space and is open for business, with delivery of
the Pie 360 space expected to take place in the near term. DBRS
expects cash flows to stabilize over the next 12 months and will
continue to monitor for developments.


WHITE STAR: Moody's Hikes Corporate Family Rating to Caa1
---------------------------------------------------------
Moody's Investors Service (upgraded White Star Petroleum's (WSTR)
Corporate Family Rating (CFR) to Caa1 from Caa2 and the Probability
of Default Rating to Caa1-PD from Caa2-PD. Moody's affirmed WSTR's
Caa2 senior secured second lien notes rating. The ratings outlook
was changed to positive from stable.

"The upgrade of WSTR's CFR reflects the company's considerable debt
reduction, albeit through a series of distressed debt exchanges,
and a largely equity-financed acquisition of Mississippi Lime and
Woodford Shale assets that has more than doubled the production and
reserve profile of the company. The combination of reduced leverage
and improved drilling inventory has markedly improved the company's
prospects," noted John Thieroff, Moody's VP-Senior Analyst.

Ratings Upgraded:

Issuer: White Star Petroleum, LLC

-- Corporate Family Rating, Upgraded to Caa1 from Caa2

-- Probability of Default Rating, Upgraded to Caa1-PD from
    Caa2-PD

Ratings Affirmed:

-- Senior Secured Second Lien Notes, Affirmed at Caa2 (LGD5 from
    LGD4)

Outlook Actions:

-- Outlook, Changed to Positive from Stable

RATINGS RATIONALE

The Caa1 Corporate Family Rating (CFR) reflects WSTR's small scale,
early-stage operations, largely undeveloped reserve base,
concentration in the Central Northern Oklahoma Woodford (CNOW)
play, and execution risk following a recent acquisition of assets
and spin-off from the American Energy platform. As a result of
WSTR's June 2016 acquisition, pro forma average daily production
has more than doubled to 19,000 barrels of oil equivalent per day
(boe/d). However, the company still ranks among the smallest of its
E&P peers which, along with the relatively complex geological
composition of the CNOW play, restrains the rating. The rating
benefits from the company's low leverage and good interest coverage
relative to its peers, aided by its recently completed debt
restructuring. The rating is also supported by the management
team's operational track record and the company's substantial
drilling inventory which provides visible production and cash flow
growth potential.

The company's second lien notes are rated Caa2, reflecting the
credit facility's priority claim over the second lien notes as per
Moody's Loss Given Default (LGD) Methodology. WSTR also has a stub
amount of senior unsecured notes (unrated) that remained
outstanding following the company's exchange into the second lien
notes in May 2015. Moody's believes that the Caa2 rating is more
appropriate for the second lien notes than the rating suggested by
the Moody's LGD Methodology.

Moody's views WSTR's liquidity profile as adequate through
mid-2017. At June 30, 2016, the company had ample availability
under its $210 million reserve based revolving credit facility.
Although the company does not maintain significant cash balances,
Moody's expects the company to comfortably fund capital spending
through cash from operations and revolver drawdowns through
mid-2017, which incorporates the anticipation that drilling
activity will likely increase in 2017. Cash flow benefits from a
significant amount of commodity price hedging through 2017 that
should allow WSTR to maintain its drilling program in a lower than
currently expected price environment. Moody's expects the company
to comply with the financial covenants under its revolver through
mid-2017 with little difficulty. The credit facility matures in
2020.

The positive outlook reflects WSTR's momentum following its
acquisition and restructuring and the possibility that ratings
could be upgraded if the company executes its drilling program
while maintaining its conservative capital structure. Specifically,
ratings could be upgraded if WSTR maintains average daily
production greater than 20,000 boe/d while also sustaining retained
cash flow to debt of greater than 20% and maintaining adequate
liquidity. Ratings could be downgraded if the company undertakes a
leveraging acquisition or liquidity deteriorates materially.

White Star Petroleum, LLC is an independent exploration &
production company headquartered in Oklahoma City, Oklahoma.


WHOLELIFE PROPERTIES: Advisor Quits; UST Seeks Dismissal or Ch. 7
-----------------------------------------------------------------
The United States Trustee for Region 6 moves for an order directing
the appointment of a Chapter 11 trustee in WholeLife Properties,
LLC's case under 11 U.S.C. Sec. 1104(a) or to dismiss or convert
the case under 11 U.S.C. Sec. 1112(b).

"The Debtor's manager breached his fiduciary responsibilities to
the Debtor by failing to cooperate with its attorneys, causing its
attorneys Forshey & Prostok to seek withdrawal from representation.
The Debtor lacks governance," argues Elizabeth A. Ziegler, of the
Office of the U.S. Trustee.

""Cause" exists for the appointment of a chapter 11 trustee.
Current management has engaged in gross mismanagement of the
bankruptcy estate and appointing a trustee is in the best interest
of creditors.  In addition, the Debtor, a corporation, is now pro
se and corporations are required to be represented by counsel in
federal court.  In the alternative, cause exists to dismiss or
convert this case to chapter 7."

On July 7, 2016, the Debtor filed an application to employ Forshey
& Prostok, LLP, as its attorneys.  But on July 12, 2016, Forshey &
Prostok filed a motion to withdraw the application.

In seeking the withdrawal, F&P stated that:

  -- It was unable to obtain the necessary cooperation from
management of the Debtor.

  -- The Debtor has not paid or caused an affiliate to pay the
remaining $30,000 of the agreed upon $50,000 retainer.

In addition, the U.S. Trustee pointed out that:

   * To date, the Debtor has not filed any monthly operating
reports.

   * To date, the Debtor has not provided the United States Trustee
with a voided DIP check.

   * To date, the Debtor has not provided the United States Trustee
with proof of insurance.

   * To date, the Debtor has not provided the United States Trustee
with tax returns.

Moreover, the U.S. Trustee noted that the deadline to file
schedules of assets and liabilities was July 8, 2016, but as of
July 19, 2016, no schedules have been filed.

                   About WholeLife Properties

WholeLife Properties, LLC owns two undeveloped tracts of land
located in McKinney, Texas that is intended to be developed into a
mixed use complex and 200 social memberships to the TPC at Craig
Ranch, a private golf club in McKinney, Texas.

WholeLife Properties sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Tex. Case No. 16-42274) on June 7,
2016.  The petition was signed by John B. Lowery, as sole member of
WholeLife Companies, Inc., sole member of WholeLife Properties,
LLC.

The case is assigned to Judge Mark X. Mullin.

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

To date, no committee of unsecured creditors has been appointed.

The 341 meeting in this case is set for July 29, 2016.

Mr. Lowery was involved in another Chapter 11 debtor, Cornerstone
Ministries Investments, Inc., which filed Feb. 10, 2008 (Bankr.
N.D. Ga. Case No. 08-20355).  Mr. Lowery joined Cornerstone in
approximately 2004 to oversee several single family housing
projects that were being developed by Cornerstone.


WILSON'S OUTDOOR: U.S. Trustee Unable to Appoint Committee
----------------------------------------------------------
The Office of the U.S. Trustee disclosed in a court filing that no
official committee of unsecured creditors has been appointed in the
Chapter 11 case of Wilson's Outdoor Services LLC.

Wilson's Outdoor Services, LLC sought protection under Chapter 11
of the Bankruptcy Code (Bankr. W.D. Pa. Case No. 16-22190) on June
14, 2016.  The Debtor is represented by David Z. Valencik, Esq.,
and Donald R. Calaiaro, Esq., at Calaiaro Valencik.


WMG ACQUISITION: Moody's Rates New Senior Secured Notes Ba3
-----------------------------------------------------------
Moody's Investors Service assigned a Ba3 rating to the proposed
$300 million senior secured notes due 2023 to be issued by WMG
Acquisition Corp., a wholly-owned subsidiary of WMG Holdings Corp.,
which in turn is a wholly-owned subsidiary of Warner Music Group
Corp. ("WMG" or the "company"). Net proceeds from the new notes
will be used to retire a like amount of WMG Acquisition Corp.'s
senior secured term loan B obligation. The rating outlook is
stable.

Rating Assigned:

Issuer: WMG Acquisition Corp.

  $300 Million Senior Secured Notes due 2023 -- Ba3
  (LGD-3)

The assigned rating is subject to review of final documentation and
no material change in the size, terms and conditions of the
transaction as advised to Moody's.

RATINGS RATIONALE

Moody's said, "The B1 Corporate Family Rating (CFR) reflects
Moody's expectation that WMG will operate with financial leverage
as measured by total debt to EBITDA in the 5x-5.75x range
(including Moody's standard adjustments) over the rating horizon.
We believe WMG will experience further deleveraging from the
current estimated level of 5.8x (as of March 31, 2016, pro forma
for the recent HoldCo Notes redemption) driven by opportunities to
grow EBITDA as a result of lower costs associated with online music
subscription and advertising-supported streaming revenue which is
now its largest and fastest growing revenue source, underpenetrated
markets worldwide for paid music streaming consumption and rising
demand for WMG's music content. The recorded music industry
continues to transition from physical to digital music platforms,
download to streaming services and PC to mobile devices. Following
several years of decline, the industry managed to grow 3.2% in 2015
as digital formats expanded internationally, surpassing physical
for the first time and comprising 45% of industry revenue."

The B1 CFR is supported by WMG's position as the world's third
largest recorded music industry player with an extensive music
library and publishing assets, which drive recurring revenue
streams. Only a small percentage of WMG's annual revenue depends on
recording artists and songwriters without an established track
record, while the bulk of its revenue is generated by proven
artists or from its catalog (defined as albums older than 18
months) and thus isolated from the revenue volatility associated
with new releases from new artists. Ratings also recognize the
opportunities to grow digital revenue through the proliferation new
streaming services, and anticipate the higher margin faster-growth
digital revenue will lead to market share gains in the recorded
music segment.

Moody's said, "Although the recorded music industry experienced
growth last year, the B1 CFR embeds the industry's lack of
sustainable revenue growth over the past two decades. The rating
also reflects challenges and opportunities related to new
strategies that the major industry players are pursuing to adapt to
the shift in demand for music content delivery to various digital
platforms and capture faster growth revenue associated with the
transition from downloads to streaming. It also captures the
increasing disparity between the hyper-growth of ad-supported music
streaming consumption relative to the slower growth revenue
generated by the same streams, which means WMG's artists,
songwriters and rights holders are not fully monetizing value from
this sub-segment. The B1 rating incorporates the seasonal and
cyclical nature of recorded music revenue (nearly 85% of WMG's
revenue) and low visibility into the ultimate results of upcoming
release schedules. We believe WMG will pursue external growth
through small tuck-in acquisitions funded with excess cash flow and
the potential sale of non-core assets. We expect the company to
maintain a good liquidity profile over the next 12-15 months."

Rating Outlook

Moody's said, "The stable rating outlook reflects our expectation
for continued improvement in recorded music industry fundamentals
combined with WMG's position as the world's third largest music
content provider with global diversification and an enhanced
recorded music repertoire. We expect WMG to operate with leverage
as measured by total debt to EBITDA in the 5x-5.75x range (Moody's
adjusted) and anticipate EBITDA growth to be driven by improved
margins as a result of robust streaming revenue growth, value of
its music content, realized synergies, solid returns on artist
investments, marketing and branding, as well as enhancement of the
company's analytics talent."

What Could Change the Rating -- Up

Ratings could be upgraded if there is evidence of sustained growth
in the recorded music industry and WMG exhibits EBITDA margin
expansion as well as realization of lower earnings volatility and
higher returns on investments. Assurances that management will
maintain disciplined operating strategies for long-term growth,
exhibit prudent financial policies and target credit metrics
consistent with a higher rating resulting in total debt to EBITDA
leverage sustained comfortably below 4.5x (Moody's adjusted) and
free cash flow to adjusted debt in the mid-to-high single digit
range could also lead to an upgrade. Finally, for an upgrade to be
considered, Moody's would need clarity from the equity sponsor with
respect to the financial policy track record for each of its
portfolio company holdings as well as the long-term investment
philosophy and exit strategy for WMG.

What Could Change the Rating -- Down

Ratings could be downgraded if debt-financed acquisitions,
competitive pressures or increased artist and repertoire (A&R)
investments negatively impact revenue or EBITDA resulting in total
debt to EBITDA leverage sustained above 6x (Moody's adjusted), or
if heightened capital spending or financial sponsor related actions
result in negative free cash flow.

With headquarters in New York, NY, WMG Holdings Corp. is a
wholly-owned subsidiary of Warner Music Group Corp., a leading
music content provider operating domestically and overseas. Revenue
totaled approximately $3.1 billion for the twelve months ended
March 31, 2016. Recorded music accounts for roughly 84% of revenue
while music publishing accounts for about 16% (before corporate
allocation). Access Industries, Inc. acquired WMG in a transaction
valued at approximately $3 billion in July 2011.


WMG ACQUISITION: S&P Assigns 'B' Rating on Proposed Sr. Sec. Notes
------------------------------------------------------------------
S&P Global Ratings assigned its 'B' issue-level rating and '3'
recovery rating to New York City-based WMG Acquisition Corp.'s
proposed senior secured notes.  The '3' recovery rating indicates
S&P's expectation for meaningful recovery (50%-70%; upper half of
the range) of principal in the event of a payment default.  The
company plans to use the net proceeds to repay a portion of the
outstanding term loan facility.  WMG Acquisition is a subsidiary of
Warner Music Group Corp. (WMG).

S&P's 'B' corporate credit rating on WMG reflects the company's
fair business risk profile.  S&P's assessment incorporates the
company's large and well-diversified portfolio of recordings and
compositions across multiple genres and regions and its smaller
market share than its significantly larger peers.

S&P assess WMG's financial risk profile as highly leveraged, based
on S&P's expectation that the company's adjusted leverage will
remain above 5x through the end of the fiscal year ending
Sept. 30, 2017.  Although S&P believes WMG would look for
additional opportunities to reduce leverage, S&P expects the
company to prioritize its free cash flow into investing in the
business, leaving insufficient excess cash flow to materially
reduce leverage.  Therefore, given the lack of visibility regarding
the pace of voluntary debt reduction, S&P don't expect this
strategy, by itself, to materially reduce leverage.  Rather, S&P
expects leverage reduction primarily from EBITDA growth.  S&P
forecasts that EBITDA will grow about 10%-12% in 2016 and 8%-10% in
2017, which could result in adjusted leverage declining to the
low-5x area by the end of 2017.

RATINGS LIST

Warner Music Group Corp.
Corporate Credit Rating         B/Stable/--

New Ratings

WMG Acquisition Corp.
Senior secured notes                     B
  Recovery Rating                         3H


WWLINKS INC: Taps Rob Miller as Investment Banking Consultant
-------------------------------------------------------------
WWLinks, Inc. seeks approval from the U.S. Bankruptcy Court for the
Southern District of Florida to hire an investment banking
consultant.

The Debtor proposes to hire Rob Miller of Commercial Capital
Services, LLC to look for a financial institution willing to
refinance the Debtor's first mortgage and the loan with Z
Worldwide, Inc.

Mr. Miller will receive an advisory fee of 2% of the final funding
amount payable immediately upon closing of the financing.

In a court filing, Mr. Miller, president of Commercial Capital,
disclosed that he and his firm do not represent any interest
adverse to the Debtor or its estate.

The firm can be reached through:

     Rob Miller
     Commercial Capital Services, LLC
     3181 Linwood Ave. #24
     Cincinnati, Ohio 45208
     Phone: 513-871-6700
     Fax: 513-871-8040

The Debtor can be reached through:

     Malinda L. Hayes, Esq.
     Markarian Frank & Hayes
     2925 PGA Blvd., #204
     Palm Beach Gardens, FL 33410
     Phone: (561) 626-4700
     Fax: (561) 627-9479

                        About WWLinks Inc.

WWLinks, Inc. sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. S.D. Fla. Case No. 15-30158) on November 16, 2015.


YEP LLC: Seeks to Hire Donald Singer as Special Counsel
-------------------------------------------------------
YEP, LLC seeks approval from the U.S. Bankruptcy Court for the
Southern District of New York to hire a special counsel.

The Debtor proposes to hire Donald Singer, Esq., to conduct the
closing on the sale of its real property located in Cortlandt
Manor, New York.

Mr. Singer will receive a lump sum of $3,000 and reimbursement of
work-related expenses for his services.

In a court filing, Mr. Singer disclosed that he does not represent
any interest adverse to the Debtor or its estate.

Mr. Singer maintains an office at:

     Donald L. Singer, Esq.
     74 Cordwood Road
     Cortlandt Manor, New York 10567

                          About YEP, LLC

YEP, LLC, sought Chapter 11 protection (Bankr. S.D.N.Y. Case No.
14-23149) on Aug. 11, 2014.  Rosemarie E. Matera, Esq. at Kurtzman
Matera, PC serves as the Debtor's counsel.  The Debtor estimated
assets of $117,103 and liabilities of $395,874.  The petition was
signed by Thomas Pellegrino, managing member.


ZERGA PHIN-KER: Hearing to Approve Liquidating Plan Set for Aug. 30
-------------------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of Texas on July
19 approved the Chapter 11 plan of liquidation proposed by Zerga
Phin-Ker LP.

The plan proposes for the liquidation of Zerga's assets, primarily
the Parkview on Hollybrook, a senior retirement facility in the
City of Longview, Gregg County, Texas.  It consists of 126 units,
an assisted living and memory care facility, and common areas.

The facility is being offered for sale through a bidding process.
The occurrence of the effective date of the plan is contingent upon
the closing of the sale to the winning bidder, according to the
disclosure statement detailing the plan.

Under the liquidating plan, general unsecured creditors will be
paid a pro rata share of the remaining assets after distributions
to secured creditors and repayment of the funding required for
wind-down.

The court set an August 24 deadline for voting creditors to file
their ballots, and an August 29 deadline for Zerga to file a ballot
report.  Objections to the plan are due by August 24.

The hearing to consider confirmation of the plan is scheduled for
August 30, at 10:00 a.m.  The hearing will take place at the
courtroom of Judge Brenda Rhoades located at 660 N. Central
Expressway, Suite 300B, Plano, Texas.

                       About Zerga Phin-Ker

Zerga Phin-Ker LP filed a Chapter 11 bankruptcy petition (Bankr.
E.D. Tex. Case No. 15-42087) on Nov. 20, 2015.  The petition was
signed by Jerry Green as co-president.  Judge Brenda T. Rhoades is
assigned to the case.

Zerga Phin-Ker LP is a Texas limited partnership whose principal
place of business is in McKinney, Texas. The Debtor was engaged in
the acquisition, construction, and development of a senior
retirement facility in the City of Longview, Gregg County, Texas,
to be known as "Parkview on Hollybrook," consisting of 126
independent living units, an assisted living and memory care
facility, and common areas .

The Debtor estimated assets and liabilities in the range of $10
million to $50 million.  The Debtor tapped Lewis Brisbois Bisgaard
& Smith LLP as counsel.  On Feb. 17, 2016, the Court entered a
final order approving the Debtor's emergency application to employ
CohnReznick LLP as restructuring advisor and designate Chad J.
Shandler as Chief Restructuring Officer Effective as of December
15, 2015.


[*] Singapore Seeks U.S. Ch. 11 Prowess in Bankruptcy Reform
------------------------------------------------------------
The American Bankruptcy Institute, citing David Yong of Bloomberg
News, reported that Singapore is seeking to enhance its position as
a center for debt restructuring by giving its insolvency law some
of the powers of the U.S. bankruptcy code’s Chapter 11, just as
companies worldwide default on bonds at the fastest pace since the
global financial crisis.

According to the report, the government has "broadly accepted" 17
recommendations submitted by a committee after a yearlong review,
the Ministry of Law said in a statement.  Those include offering
automatic stay of legal and enforcement actions for debtors,
creating a bench of specialist judges for its bankruptcy court and
increasing rescue-financing capital by enticing distressed-debt
funds and private equity firms to set up shop in the city-state,
the report related.

"We have all the basic building blocks for dealing with
restructuring and we see that Singapore will be able to fill this
space," the report cited Indranee Rajah, senior minister of state
for law, as telling reporters.  "Singapore should not just be a
debt restructuring place for Singapore companies and businesses but
a global debt restructuring center much in the way as New York and
London.  We should be playing that role to the region and beyond."

There have been 100 bond defaults globally this year through July
15 compared with 62 failures at this time last year, the report
noted, citing S&P Global Ratings, the worst since the fallout from
the demise of Lehman Brothers Holdings Inc.  In Singapore,
non-payments by PT Trikomsel Oke and Pacific Andes Resources
Development Ltd. from November marked the first defaults since
2009, the report said.

"The recommendations are progressive," Ashok Kumar, Esq. --
ashok.kumar@blackoak-llc.com -- a director at BlackOak LLC, a
restructuring and insolvency law firm in Singapore, told Reuters.
"The market needs it as over the next couple of years, things are
going to be rough in some sectors as the risk of debt default
rises."


[^] BOND PRICING: For the Week from July 18 to 22, 2016
-------------------------------------------------------
  Company                  Ticker  Coupon Bid Price    Maturity
  -------                  ------  ------ ---------    --------
A. M. Castle & Co          CAS     12.750    74.875  12/15/2016
A. M. Castle & Co          CAS      7.000    58.625  12/15/2017
ACE Cash Express Inc       AACE    11.000    45.000    2/1/2019
ACE Cash Express Inc       AACE    11.000    42.000    2/1/2019
Affinion Group Inc         AFFINI   7.875    47.500  12/15/2018
Affinion Investments LLC   AFFINI  13.500    52.500   8/15/2018
Alpha Appalachia
  Holdings Inc             ANR      3.250     0.550    8/1/2015
Alpha Natural
  Resources Inc            ANR      6.000     0.200    6/1/2019
Alpha Natural
  Resources Inc            ANR      6.250     0.250    6/1/2021
Alpha Natural
  Resources Inc            ANR      7.500     0.938    8/1/2020
Alpha Natural
  Resources Inc            ANR      4.875     0.500  12/15/2020
Alpha Natural
  Resources Inc            ANR      7.500     0.938    8/1/2020
Alpha Natural
  Resources Inc            ANR      7.500     4.670    8/1/2020
American Eagle
  Energy Corp              AMZG    11.000    11.875    9/1/2019
American Eagle
  Energy Corp              AMZG    11.000    12.500    9/1/2019
American Gilsonite Co      AMEGIL  11.500    67.000    9/1/2017
American Gilsonite Co      AMEGIL  11.500    66.625    9/1/2017
Amyris Inc                 AMRS     6.500    27.500   5/15/2019
Arch Coal Inc              ACI      7.000     2.350   6/15/2019
Arch Coal Inc              ACI      7.250     2.350   6/15/2021
Arch Coal Inc              ACI      7.250     2.000   10/1/2020
Arch Coal Inc              ACI      9.875     2.350   6/15/2019
Arch Coal Inc              ACI      8.000     2.250   1/15/2019
Arch Coal Inc              ACI      8.000     1.839   1/15/2019
Armstrong Energy Inc       ARMS    11.750    42.120  12/15/2019
Armstrong Energy Inc       ARMS    11.750    41.125  12/15/2019
Atlas Energy Holdings
  Operating Co LLC /
  Atlas Resource
  Finance Corp             ARP      7.750    13.000   1/15/2021
Atlas Energy Holdings
  Operating Co LLC /
  Atlas Resource
  Finance Corp             ARP      9.250     9.698   8/15/2021
Atlas Energy Holdings
  Operating Co LLC /
  Atlas Resource
  Finance Corp             ARP      9.250     9.500   8/15/2021
Atlas Energy Holdings
  Operating Co LLC /
  Atlas Resource
  Finance Corp             ARP      9.250     9.500   8/15/2021
Avaya Inc                  AVYA    10.500    29.000    3/1/2021
Avaya Inc                  AVYA    10.500    25.000    3/1/2021
BPZ Resources Inc          BPZR     6.500     1.500    3/1/2015
BPZ Resources Inc          BPZR     6.500     2.813    3/1/2049
Basic Energy Services Inc  BAS      7.750    38.545   2/15/2019
BreitBurn Energy
  Partners LP /
  BreitBurn Finance Corp   BBEP     7.875    24.750   4/15/2022
BreitBurn Energy
  Partners LP /
  BreitBurn Finance Corp   BBEP     8.625    24.375  10/15/2020
BreitBurn Energy
  Partners LP /
  BreitBurn Finance Corp   BBEP     8.625    24.000  10/15/2020
BreitBurn Energy
  Partners LP /
  BreitBurn Finance Corp   BBEP     8.625    24.000  10/15/2020
Caesars Entertainment
  Operating Co Inc         CZR     10.000    41.250  12/15/2018
Caesars Entertainment
  Operating Co Inc         CZR     12.750    42.500   4/15/2018
Caesars Entertainment
  Operating Co Inc         CZR     10.000    40.750  12/15/2018
Caesars Entertainment
  Operating Co Inc         CZR      5.750    35.500   10/1/2017
Caesars Entertainment
  Operating Co Inc         CZR      5.750    12.250   10/1/2017
Caesars Entertainment
  Operating Co Inc         CZR     10.000    40.625  12/15/2018
Caesars Entertainment
  Operating Co Inc         CZR     10.000    40.625  12/15/2018
Caesars Entertainment
  Operating Co Inc         CZR     10.000    40.250  12/15/2018
Chassix Holdings Inc       CHASSX  10.000     8.000  12/15/2018
Chassix Holdings Inc       CHASSX  10.000     8.000  12/15/2018
Claire's Stores Inc        CLE      8.875    17.380   3/15/2019
Claire's Stores Inc        CLE      7.750     7.750    6/1/2020
Claire's Stores Inc        CLE     10.500    56.200    6/1/2017
Claire's Stores Inc        CLE      9.000    57.125   3/15/2019
Claire's Stores Inc        CLE      9.000    53.500   3/15/2019
Claire's Stores Inc        CLE      7.750     7.500    6/1/2020
Clean Energy Fuels Corp    CLNE     7.500    90.862   8/30/2016
Community Choice
  Financial Inc            CCFI    10.750    51.000    5/1/2019
Comstock Resources Inc     CRK      7.750    44.000    4/1/2019
Comstock Resources Inc     CRK      9.500    43.500   6/15/2020
Creditcorp                 CRECOR  12.000    40.450   7/15/2018
Creditcorp                 CRECOR  12.000    39.875   7/15/2018
Cumulus Media
  Holdings Inc             CMLS     7.750    43.000    5/1/2019
EPL Oil & Gas Inc          EXXI     8.250     9.500   2/15/2018
EXCO Resources Inc         XCO      7.500    47.292   9/15/2018
Eagle Rock Energy
  Partners LP /
  Eagle Rock Energy
  Finance Corp             EROC     8.375    44.500    6/1/2019
Endeavour
  International Corp       END     12.000     0.006    6/1/2018
Energy & Exploration
  Partners Inc             ENEXPR   8.000     1.970    7/1/2019
Energy & Exploration
  Partners Inc             ENEXPR   8.000     1.970    7/1/2019
Energy Conversion
  Devices Inc              ENER     3.000     7.875   6/15/2013
Energy Future
  Holdings Corp            TXU     11.250    90.000   11/1/2017
Energy Future
  Holdings Corp            TXU     10.875    90.000   11/1/2017
Energy Future
  Holdings Corp            TXU      9.750    20.000  10/15/2019
Energy Future
  Holdings Corp            TXU     10.875    50.250   11/1/2017
Energy Future
  Intermediate Holding
  Co LLC / EFIH
  Finance Inc              TXU     10.000     1.000   12/1/2020
Energy Future
  Intermediate Holding
  Co LLC / EFIH
  Finance Inc              TXU     10.000     3.000   12/1/2020
Energy Future
  Intermediate Holding
  Co LLC / EFIH
  Finance Inc              TXU      9.750    10.550  10/15/2019
Energy XXI Gulf Coast Inc  EXXI    11.000    38.500   3/15/2020
Energy XXI Gulf Coast Inc  EXXI     7.500    12.250  12/15/2021
Energy XXI Gulf Coast Inc  EXXI     9.250    11.938  12/15/2017
Energy XXI Gulf Coast Inc  EXXI     6.875    12.250   3/15/2024
Energy XXI Gulf Coast Inc  EXXI     7.750    13.000   6/15/2019
ExamWorks Group Inc        EXAM     5.625   111.200   4/15/2023
FBOP Corp                  FBOPCP  10.000     1.843   1/15/2009
FXCM Inc                   FXCM     2.250    35.750   6/15/2018
FairPoint
  Communications Inc/Old   FRP     13.125     1.879    4/2/2018
Fleetwood Enterprises Inc  FLTW    14.000     3.557  12/15/2011
Forbes Energy
  Services Ltd             FES      9.000    38.088   6/15/2019
Gibson Brands Inc          GIBSON   8.875    50.000    8/1/2018
Gibson Brands Inc          GIBSON   8.875    55.500    8/1/2018
Gibson Brands Inc          GIBSON   8.875    45.000    8/1/2018
Goodman Networks Inc       GOODNT  12.125    42.000    7/1/2018
Halcon Resources Corp      HKUS     9.750    24.000   7/15/2020
Halcon Resources Corp      HKUS     8.875    22.375   5/15/2021
Halcon Resources Corp      HKUS     9.250    19.560   2/15/2022
Horsehead Holding Corp     ZINC     9.000    20.250    6/1/2017
Illinois Power
  Generating Co            DYN      7.000    36.250   4/15/2018
Illinois Power
  Generating Co            DYN      6.300    36.375    4/1/2020
Iracore International
  Holdings Inc             IRACOR   9.500    59.125    6/1/2018
Iracore International
  Holdings Inc             IRACOR   9.500    59.125    6/1/2018
IronGate Energy
  Services LLC             IRONGT  11.000    22.500    7/1/2018
IronGate Energy
  Services LLC             IRONGT  11.000    22.750    7/1/2018
IronGate Energy
  Services LLC             IRONGT  11.000    22.750    7/1/2018
IronGate Energy
  Services LLC             IRONGT  11.000    22.750    7/1/2018
Kellwood Co                KWD      7.625    60.100  10/15/2017
Las Vegas Monorail Co      LASVMC   5.500     3.852   7/15/2019
Lehman Brothers
  Holdings Inc             LEH      2.000     3.492    3/3/2009
Lehman Brothers
  Holdings Inc             LEH      1.500     3.492   3/29/2013
Lehman Brothers
  Holdings Inc             LEH      2.070     3.492   6/15/2009
Lehman Brothers
  Holdings Inc             LEH      1.383     3.492   6/15/2009
Lehman Brothers
  Holdings Inc             LEH      1.600     3.492   11/5/2011
Lehman Brothers
  Holdings Inc             LEH      5.000     3.492    2/7/2009
Lehman Brothers
  Holdings Inc             LEH      4.000     3.492   4/30/2009
Lehman Brothers Inc        LEH      7.500     1.226    8/1/2026
Liberty Interactive LLC    LINTA    1.000    86.375   9/30/2043
Linc USA GP / Linc
  Energy Finance USA Inc   LNCAU    9.625    22.250  10/31/2017
Linn Energy LLC / Linn
  Energy Finance Corp      LINE     8.625    20.000   4/15/2020
Linn Energy LLC / Linn
  Energy Finance Corp      LINE    12.000    40.000  12/15/2020
Linn Energy LLC / Linn
  Energy Finance Corp      LINE     6.500    19.750   5/15/2019
Linn Energy LLC / Linn
  Energy Finance Corp      LINE     6.250    19.938   11/1/2019
Linn Energy LLC / Linn
  Energy Finance Corp      LINE     7.750    18.002    2/1/2021
Linn Energy LLC / Linn
  Energy Finance Corp      LINE     6.500    18.003   9/15/2021
Linn Energy LLC / Linn
  Energy Finance Corp      LINE     6.250    84.000   11/1/2019
Linn Energy LLC / Linn
  Energy Finance Corp      LINE     6.250    18.875   11/1/2019
Logan's Roadhouse Inc      LGNS    10.750     4.500  10/15/2017
Lonestar Resources
  America Inc              LNRAU    8.750    39.750   4/15/2019
Lonestar Resources
  America Inc              LNRAU    8.750    46.000   4/15/2019
Lumbermens Mutual
  Casualty Co              KEMPER   8.300     0.001   12/1/2037
Lumbermens Mutual
  Casualty Co              KEMPER   9.150     0.489    7/1/2026
Lumbermens Mutual
  Casualty Co              KEMPER   8.450     0.489   12/1/2097
MF Global Holdings Ltd     MF       3.375    21.000    8/1/2018
MModal Inc                 MODL    10.750    10.125   8/15/2020
Magnetation LLC /
  Mag Finance Corp         MAGNTN  11.000     5.375   5/15/2018
Magnetation LLC /
  Mag Finance Corp         MAGNTN  11.000     5.375   5/15/2018
Magnetation LLC /
  Mag Finance Corp         MAGNTN  11.000     5.375   5/15/2018
Midstates Petroleum
  Co Inc / Midstates
  Petroleum Co LLC         MPO     10.750     2.000   10/1/2020
Midstates Petroleum
  Co Inc / Midstates
  Petroleum Co LLC         MPO      9.250     1.250    6/1/2021
Midstates Petroleum
  Co Inc / Midstates
  Petroleum Co LLC         MPO     12.000     8.375    6/1/2020
Midstates Petroleum
  Co Inc / Midstates
  Petroleum Co LLC         MPO     10.750     1.888   10/1/2020
Midstates Petroleum
  Co Inc / Midstates
  Petroleum Co LLC         MPO     10.750     1.888   10/1/2020
Modular Space Corp         MODSPA  10.250    46.500   1/31/2019
Modular Space Corp         MODSPA  10.250    36.125   1/31/2019
Molycorp Inc               MCP     10.000     1.000    6/1/2020
Molycorp Inc               MCP      3.250     0.300   6/15/2016
Murray Energy Corp         MURREN  11.250    25.750   4/15/2021
Murray Energy Corp         MURREN   9.500    25.625   12/5/2020
Murray Energy Corp         MURREN  11.250    25.625   4/15/2021
Murray Energy Corp         MURREN   9.500    25.625   12/5/2020
New Gulf Resources LLC/
  NGR Finance Corp         NGREFN  12.250     3.031   5/15/2019
New Gulf Resources LLC/
  NGR Finance Corp         NGREFN  12.250     3.031   5/15/2019
New Gulf Resources LLC/
  NGR Finance Corp         NGREFN  12.250     2.858   5/15/2019
Nine West Holdings Inc     JNY      6.125    19.158  11/15/2034
Nine West Holdings Inc     JNY      6.875    17.720   3/15/2019
Nine West Holdings Inc     JNY      8.250    17.500   3/15/2019
Nine West Holdings Inc     JNY      8.250    17.500   3/15/2019
Noranda Aluminum
  Acquisition Corp         NOR     11.000     0.500    6/1/2019
Nuverra Environmental
  Solutions Inc            NESC     9.875    34.900   4/15/2018
OMX Timber Finance
  Investments II LLC       OMX      5.540    12.750   1/29/2020
Optima Specialty
  Steel Inc                OPTSTL  12.500    80.000  12/15/2016
Optima Specialty
  Steel Inc                OPTSTL  12.500    70.500  12/15/2016
Orexigen Therapeutics Inc  OREX     2.750    23.750   12/1/2020
Peabody Energy Corp        BTU      6.000    12.800  11/15/2018
Peabody Energy Corp        BTU      6.500    12.438   9/15/2020
Peabody Energy Corp        BTU      6.250    12.593  11/15/2021
Peabody Energy Corp        BTU     10.000    14.000   3/15/2022
Peabody Energy Corp        BTU      4.750     0.510  12/15/2041
Peabody Energy Corp        BTU      7.875    12.000   11/1/2026
Peabody Energy Corp        BTU     10.000    16.320   3/15/2022
Peabody Energy Corp        BTU      6.000    17.250  11/15/2018
Peabody Energy Corp        BTU      6.250    12.875  11/15/2021
Peabody Energy Corp        BTU      6.250    12.875  11/15/2021
Peabody Energy Corp        BTU      6.000    12.750  11/15/2018
Penn Virginia Corp         PVAH     7.250    36.000   4/15/2019
Penn Virginia Corp         PVAH     8.500    41.000    5/1/2020
Permian Holdings Inc       PRMIAN  10.500    29.500   1/15/2018
Permian Holdings Inc       PRMIAN  10.500    29.375   1/15/2018
Pernix Therapeutics
  Holdings Inc             PTX      4.250    22.625    4/1/2021
Pernix Therapeutics
  Holdings Inc             PTX      4.250    21.308    4/1/2021
PetroQuest Energy Inc      PQ      10.000    51.975    9/1/2017
Prospect Holding Co LLC /
  Prospect Holding
  Finance Co               PRSPCT  10.250    29.773   10/1/2018
Prospect Holding Co LLC /
  Prospect Holding
  Finance Co               PRSPCT  10.250    29.773   10/1/2018
Quicksilver Resources Inc  KWKA     9.125     5.000   8/15/2019
Quicksilver Resources Inc  KWKA    11.000     3.125    7/1/2021
Rex Energy Corp            REXX     8.875    35.490   12/1/2020
Rex Energy Corp            REXX     6.250    23.375    8/1/2022
Rolta LLC                  RLTAIN  10.750    18.000   5/16/2018
SAExploration
  Holdings Inc             SAEX    10.000    47.000   7/15/2019
Sabine Oil & Gas Corp      SOGC     7.250     2.000   6/15/2019
Sabine Oil & Gas Corp      SOGC     7.500     2.000   9/15/2020
Sabine Oil & Gas Corp      SOGC     7.500     0.658   9/15/2020
Sabine Oil & Gas Corp      SOGC     7.500     0.658   9/15/2020
Samson Investment Co       SAIVST   9.750     3.100   2/15/2020
SandRidge Energy Inc       SD       8.750    37.500    6/1/2020
SandRidge Energy Inc       SD       8.750     6.000   1/15/2020
SandRidge Energy Inc       SD       7.500     6.688   2/15/2023
SandRidge Energy Inc       SD       7.500     6.000   3/15/2021
SandRidge Energy Inc       SD       8.125     5.750  10/15/2022
SandRidge Energy Inc       SD       8.750    42.500    6/1/2020
SandRidge Energy Inc       SD       7.500     6.000   2/16/2023
SandRidge Energy Inc       SD       8.125     6.000  10/16/2022
SandRidge Energy Inc       SD       7.500     6.125   3/15/2021
SandRidge Energy Inc       SD       7.500     6.125   3/15/2021
Sequa Corp                 SQA      7.000    15.000  12/15/2017
Sequa Corp                 SQA      7.000    15.000  12/15/2017
Sequenom Inc               SQNM     5.000    60.750    1/1/2018
Sequenom Inc               SQNM     5.000    59.750   10/1/2017
Seventy Seven Energy Inc   SSEI     6.500     6.875   7/15/2022
Sidewinder Drilling Inc    SIDDRI   9.750     7.000  11/15/2019
Sidewinder Drilling Inc    SIDDRI   9.750     7.000  11/15/2019
Speedy Cash Intermediate
  Holdings Corp            SPEEDY  10.750    63.250   5/15/2018
Speedy Cash Intermediate
  Holdings Corp            SPEEDY  10.750    63.000   5/15/2018
Speedy Cash Intermediate
  Holdings Corp            SPEEDY  10.750    63.250   5/15/2018
Speedy Cash Intermediate
  Holdings Corp            SPEEDY  10.750    63.000   5/15/2018
Speedy Group
  Holdings Corp            SPEEDY  12.000    30.988  11/15/2017
Speedy Group
  Holdings Corp            SPEEDY  12.000    30.875  11/15/2017
SquareTwo Financial Corp   SQRTW   11.625    11.875    4/1/2017
Stone Energy Corp          SGY      1.750    57.000    3/1/2017
SunEdison Inc              SUNE     5.000    34.000    7/2/2018
SunEdison Inc              SUNE     2.000     6.010   10/1/2018
SunEdison Inc              SUNE     0.250     4.250   1/15/2020
SunEdison Inc              SUNE     2.750     5.000    1/1/2021
SunEdison Inc              SUNE     2.375     5.000   4/15/2022
SunEdison Inc              SUNE     2.625     6.000    6/1/2023
SunEdison Inc              SUNE     3.375     5.000    6/1/2025
Syniverse Holdings Inc     SVR      9.125    52.589   1/15/2019
TMST Inc                   THMR     8.000    14.000   5/15/2013
Talos Production LLC /
  Talos Production
  Finance Inc              TALPRO   9.750    45.950   2/15/2018
Talos Production LLC /
  Talos Production
  Finance Inc              TALPRO   9.750    45.000   2/15/2018
TerraVia Holdings Inc      TVIA     6.000    58.000    2/1/2018
Terrestar Networks Inc     TSTR     6.500    10.000   6/15/2014
TetraLogic
  Pharmaceuticals Corp     TLOG     8.000    24.971   6/15/2019
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc              TXU     11.500    35.250   10/1/2020
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc              TXU     10.250     6.400   11/1/2015
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc              TXU     15.000     6.400    4/1/2021
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc              TXU     10.250     6.400   11/1/2015
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc              TXU     11.500    34.500   10/1/2020
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc              TXU     15.000     6.350    4/1/2021
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc              TXU     10.250     6.375   11/1/2015
Triangle USA
  Petroleum Corp           TPLM     6.750    22.489   7/15/2022
Triangle USA
  Petroleum Corp           TPLM     6.750    23.875   7/15/2022
UCI International LLC      UCII     8.625    22.750   2/15/2019
Venoco Inc                 VQ       8.875     3.100   2/15/2019
Verso Paper Holdings
  LLC / Verso Paper Inc    VRS     11.750     0.150   1/15/2019
Verso Paper Holdings
  LLC / Verso Paper Inc    VRS     11.750    17.000   1/15/2019
Verso Paper Holdings
  LLC / Verso Paper Inc    VRS     11.750    17.000   1/15/2019
W&T Offshore Inc           WTI      8.500    29.800   6/15/2019
Walter Energy Inc          WLTG     9.875     0.450  12/15/2020
Walter Energy Inc          WLTG     9.500    18.625  10/15/2019
Walter Energy Inc          WLTG     9.500    18.625  10/15/2019
Walter Energy Inc          WLTG     9.875     0.411  12/15/2020
Walter Energy Inc          WLTG     9.500    18.625  10/15/2019
Walter Energy Inc          WLTG     9.875     0.411  12/15/2020
Walter Energy Inc          WLTG     9.500    18.625  10/15/2019
Walter Investment
  Management Corp          WAC      4.500    37.375   11/1/2019
Warren Resources Inc       WRES     9.000     3.365    8/1/2022
Warren Resources Inc       WRES     9.000     3.365    8/1/2022
Warren Resources Inc       WRES     9.000     3.365    8/1/2022
iHeartCommunications Inc   IHRT    10.000    56.162   1/15/2018
rue21 inc                  RUE      9.000    35.000  10/15/2021
rue21 inc                  RUE      9.000    34.500  10/15/2021


                            *********

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.

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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.

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