TCR_Public/160805.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Friday, August 5, 2016, Vol. 20, No. 218

                            Headlines

A-1 EXPRESS: U.S. Trustee Unable to Appoint Committee
AC NW RETAIL: Public Auction Set for August 10
ACLARA TECHNOLOGIES: Moody's Assigns B3 CFR, Outlook Stable
ADLEBI INC: Involuntary Chapter 11 Case Summary
AF LEWIS: U.S. Trustee Unable to Appoint Committee

AFM FINE RESTAURANTS: U.S. Trustee Unable to Appoint Committee
ALLIANCE FOOD SERVICES: U.S. Trustee Unable to Appoint Committee
ANGELS OF THE VALLEY: PCO Files 4th Interim Report
AOG ENTERTAINMENT: Idol Winner Says Management Deal "Void"
ATLAS RESOURCE: Asks Court to Extend Schedules Filing Deadline

ATLAS RESOURCE: Wants to Enter Into Postpetition Swap Agreements
AVAYA INC: Creditor Franklin Said to Ask for Apollo, GSO Support
AVON INT'L: Moody's Assigns Ba1 Rating on $400MM Notes
AZTEC OIL: U.S. Trustee Unable to Appoint Committee
BLUE SEA CRUISES: Hires Cates Marine for Salvage Operation

BROWN MEDICAL: Greenberg Traurig Seeks Dismissal of $2.2M Suit
C&S CARWASH: Court to Take Up Exit Plan on September 1
CAESARS ENTERTAINMENT: Cites CEOC Bankruptcy for $2BB Q2 Loss
CAESARS ENTERTAINMENT: Consents to CIE Sale Transaction
CAESARS ENTERTAINMENT: Reports 2nd Quarter 2016 Results

CALIFORNIA PIZZA: Moody's Revises Outlook to Pos. & Affirms B3 CFR
CALIFORNIA RESOURCES: Moody's Lowers CFR to Caa2, Outlook Negative
CARLO COPPA: NJ Appeals Court Revives Malpractice Suit
CASPIAN SERVICES: Extends Maturity of Baiseitov Note to 2017
CHIEFTAIN METALS: Provides Update on Forbearance Agreement

CITICARE INC: McMurray to File 18th Period Report on Aug. 16
CJ HOLDING: U.S. Trustee Forms 5-Member Committee
CLARCONA PRE SCHOOL: Gets Approval of Plan to Exit Bankruptcy
CRYOPORT INC: Annual Shareholders Meeting Set for Sept. 14
CRYSTAL LAKE: Wants to Use Pentucket Bank Cash Collateral

CYMA CLEANING: Unsecured Trade Claims to Get 3% Under Plan
D.A.B. GROUP: Court to Take Up Exit Plan on August 18
DEL MONTE: Moody's Lowers CFR to B3 & Revises Outlook to Negative
DENNIS LEROY SCHEFFER: Sale of Property to Fund Ch. 11 Plan
DISH NETWORK: Moody's Rates New $2.5BB Convertible Notes Ba3

DISH NETWORK: Moody's Retains Ba3 CFR on $2BB Debt Issuance
DOVER DOWNS: Posts $796,000 Net Earnings for Second Quarter
E Z MAILING: Taps SM Law as Special Counsel
ECLIPSE RESOURCES: Incurs $73 Million Net Loss in Second Quarter
ELBIT IMAGING: Unit Inks Joint Development Agreement in India

EMPIRE RESORTS: Incurs $7.08 Million Net Loss in Second Quarter
ENDURANCE INT'L: Moody's B2 CFR Unaffected by Earnings Expectations
ENERGY FUTURE: Posts $330 Million Net Loss at June 30 Quarter
ENERGY FUTURE: Posts $330 Million Net Loss in June 30 Quarter
ENERGY FUTURE: Seeks Court's Approval on Deal with NextEra

ENERTAINMENT CITY: U.S. Trustee Unable to Appoint Committee
ENRON CORP: Judge Dismisses Investors' Class Suit vs. UBS
EXPORTHER BONDED: Unsecureds to Get 0-5% Under Liquidating Plan
GAWKER MEDIA: Hires Cahill Gordon as Counsel in Mail Media Case
GAWKER MEDIA: Hires Thomas & LoCicero as Litigation Counsel

GAWKER MEDIA: Says Lawyer's Defamation Appeal May Proceed
GAWKER MEDIA: Taps Brannock Firm as Counsel in Hulk Hogan Case
GAWKER MEDIA: Taps Levine Sullivan as Special Litigation Counsel
GENWORTH HOLDINGS: Moody's Reviews Ba3 Sr Unsecured Debt Rating
GLOBAL GEOPHYSICAL: Case Summary & 30 Largest Unsecured Creditors

GLOBAL GEOPHYSICAL: Files Ch. 11 with Prepack Plan of Liquidation
GLOBAL GEOPHYSICAL: Files for Bankruptcy Anew
HAIMIL REALTY: Hires Ari Mor as Landlord-Tenant Counsel
HALCON RESOURCES: Can Borrow $500 Million in DIP Loans
HALCON RESOURCES: Hires Epiq as Claims and Noticing Agent

HARBOR FREIGHT: Moody's Rates Proposed Sr. Secured Term Loan Ba3
HAWAIIAN ELECTRIC: Moody's Cuts Preferred Stock Rating to 'Ba1'
HAWAIIAN RIVERBEND: Taps Wagner Choi as Substitute Counsel
HEADWATERS INCORPORATED: Moody's Affirms B1 Corp Family Rating
HECK INDUSTRIES: Hires Apple Guerin as Accountant

HILTON WORLDWIDE: Moody's Rates $3.225BB Term Loan Amendment Ba1
HINNEN CORPORATION: Case Summary & 20 Largest Unsecured Creditors
IDERA PHARMACEUTICALS: Incurs $13.5 Million Net Loss in Q2
III EXPLORATION II: Hires Donlin as Claims and Noticing Agent
III EXPLORATION: Files for Bankruptcy to Liquidate Properties

INTERNATIONAL SHIPHOLDING: May Tap $7 Million of DIP Financing
INTERVENTION ENERGY: Wants Statoil to Return $668,000
INTREPID POTASH: Incurs $13.4 Million Net Loss in Second Quarter
IRONGATE ENERGY: Moody's Cuts Corp. Family Rating to 'C'
JEFFREY BRADLEY: Disclosures Okayed, Plan Hearing on Sept. 15

JEJP LLC: Hires Cooper & Scully as Counsel
JOHN A. RITTER: U.S. Trustee Forms 7-Member Committee
JOHN GIACOMETTO: Disclosures Okayed, Plan Hearing on Sept. 27
KEVIN SMITH: Plan Outline Okayed, Confirmation Hearing on Sept. 13
KINCAID HOLDINGS: Disclosure Statement Hearing Set for Sept. 6

KIRK LLC: Hires Prince Yeates as Bankruptcy Counsel
LAKE COUNTY SD: Moody's Affirms Ba1 GOULT Rating
LAS VEGAS JOHN: Case Summary & 13 Unsecured Creditors
LATTER RAIN: Unsecured Creditor to Get $1,000 in 113 Installments
LIGHT TOWER: Moody's Lowers CFR & Sr. Secured Notes Rating to C

LINCOLN MEDICAL: Hires Fitzpatrick Bongiovanni as Accountant
LINNCO LLC: Now Holds 71% Stake in LINN Energy
LOUISIANA CRANE: Panel Hires Steffes Vingiello as Counsel
M&R CHARLESTON: Asks Court to Extend Plan Filing Date to Oct. 3
MACELLERIA RESTAURANT: Hires DelBello Donnellan as Counsel

MACELLERIA RESTAURANT: Hires Great American as Real Estate Broker
MAINEGENERAL MEDICAL: Moody's Affirms Ba2 Rating; Outlook Stable
MCCLATCHY CO: Names New Member to Board of Directors
MIDSTATES PETROLEUM: Seeks Exclusivity Extension Thru Oct. 27
MIKEY AND SUNSHINE: U.S. Trustee Unable to Appoint Committee

MILLENNIUM HEALTHCARE: Finalizes $3.6-Mil. Debt Settlement
MIS REINAS: Hires Oscar L. Cantu Jr. as Bankruptcy Counsel
MM SHOWS: Court Extends Plan Filing Date to Sept. 30
MODULAR SPACE: Moody's Changes Direction of Review on Caa1 CFR
NOVABAY PHARMACEUTICALS: Completes $11.8-Mil. Private Placement

OMNOVA SOLUTIONS: Moody's Affirms B1 CFR, Outlook Stable
ORACLE PROJECT I: Court to Take Up Plan Outline on Sept. 1
OWENS CORNING: Moody's Assigns Ba1 Rating to Proposed 2026 Notes
PERFORMANCE SPORTS: Unveils Add'l Corp. Restructuring Activities
PRIMESOURCE BUILDING: Moody's Affirms B2 Corporate Family Rating

PROVIDENCE FINANCIAL: Files Chapter 7 Bankruptcy in Miami
PT USA LP: Seeks Additional 120-Day Extension of Plan Filing Date
RAYONIER AM: Moody's Maintains Ba3 Corporate Family Rating
REDIGI INC: Case Summary & 16 Largest Unsecured Creditors
REFCO INC: Bankr. Judge Clears Defunct Unit from IRS Fine

REFCO PUBLIC: Court Disallows IRS' Penalty Claim
ROBERT HIGHSMITH: Hearing on Plan Outline Continued to Sept. 15
RSF 17872: U.S. Trustee Unable to Appoint Committee
SABINE OIL: Court Confirms Ch. 11 Reorganization Plan
SBA COMMUNICATIONS: Moody's Retains B1 Corporate Family Rating

SCIENCE APPLICATIONS: Moody's Affirms Ba3 Corporate Family Rating
SEA LAUNCH: Boeing Seeks Stay Relief to Pursue $200M Claim
SEAPORT AIRLINES: Court to Take Up Plan Outline on Sept. 20
SEMLER SCIENTIFIC: Reports $966,000 Net Loss for Second Quarter
SOUTHERN INYO: U.S. Trustee Forms 2-Member Committee

SOUTHERN SEASON ACQUISITION: Court Official to Form Committee
SPORTS AUTHORITY: Denver Broncos to Assume Naming Rights Deal
SPORTS AUTHORITY: Judge Rejects Bonuses for Executives
SPORTS AUTHORITY: Mile High Stadium Naming Rights Headed to Broncos
SPX FLOW: Moody's Affirms Ba3 Corporate Family Rating

STW RESOURCES: Case Summary & 20 Largest Unsecured Creditors
SYNCARDIA SYSTEMS: Court Approves DIP Loan, $19M Auction Plan
TAYLOR BEAN: Trial in $5.5-Bil. Suit v. Pwc Begins Monday
TENET HEALTHCARE: Moody's Retains B2 CFR on Settlement Agreement
TLC HEALTH: Can Use Cash Collateral, DIP Facility Until Sept. 26

TOTAL COMM SYSTEMS: Voluntary Chapter 11 Case Summary
TREND COMPANIES: Seeks Sept. 30 Extension of Plan Filing Date
TRINITY RIVER: Cash Collateral Use Extended to August 10
TRUMP ENTERTAINMENT: Taj Mahal to Shut Down After Labor Day Weekend
VERTELLUS SPECIALTIES: Milbank Tweed Represents Ad Hoc Group

VISUALANT INC: Ronald Erickson Reports 11.1% Stake as of July 12
WARREN RESOURCES: Shares Delisted from Nasdaq Effective Aug. 11
WAVEDIVISION HOLDINGS: Moody's Rates Sr. Sec. Facility Ba3
WESTMORELAND RESOURCE: Incurs $14.4 Million Net Loss in Q2
WEXFORD DEVELOPMENT: U.S. Trustee Unable to Appoint Committee

WILLIAMS COMPANIES: Moody's Lowers CFR & Sr. Notes Rating to Ba2
WPCS INTERNATIONAL: Iroquois Nominates Joshua Silverman to Board
YH LIMITED: Chapter 15 Case Summary
[*] Leake, Laukitis Join Skadden's Corporate Restructuring Group
[*] Moody's B3 Negative and Lower Corporate Ratings List Declines

[*] Reclamation Liabilities Loom on Coal Companies, Moody's Says
[*] Thompson & Knight's Herman Joins Blank Rome in N.Y.
[^] BOOK REVIEW: The Money Wars

                            *********

A-1 EXPRESS: 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 A-1 Express, Inc.

A-1 Express, Inc., filed for Chapter 11 bankruptcy protection
(Bankr. M.D. Fla. Case No. 16-04170) on June 23, 2016.  Buddy D.
Ford, Esq., at Buddy D. Ford, P.A., serves as the Debtor's
bankruptcy counsel.


AC NW RETAIL: Public Auction Set for August 10
----------------------------------------------
LMEZZ 250 W90 LLC ("secured party"), as successor in interests to
Ladder Capital Finance LLC, will offer for sale at a public
auction, and sell to the highest qualified bidder, all of the
secured party's right, title, and interest as a secured creditor of
AC NW Retail Investment LLC ("debtor"), in 100% of the membership
interests in Armstrong New West Retail LLC ("issuer"), pledged by
the Debtor to the secured party.

The auction will be held Aug. 10, 2016, at 10:00 a.m. local time at
the front of New York County Courthouse, 60 Centre Street, New
York, New York, pursuant to Section 9-610 of the Uniform Commercial
Code as enacted in the State of New York.

LMEZZ 250 is informed and believes that issuer owns certain real
property and the improvements located at 250 West 90th Street, New
York, New York.  The sale will be held to enforce the rights of the
secured party under i) that certain mezzanine loan agreement dated
as of July 20, 2015, and ii) that certain pledge and security
agreement dated as of July 20, 2015, each executed by the Debtor in
favor of the secured party.

Any prospective bidder must satisfy the requirements to be a
"qualified bidder" by no later than 9:00 a.m. local time, on Aug.
10, 2016.  The sale will be conducted by Jonathan Cuticelli of
Sheldon Good & Company.

Mr. Cuticelli can be reached at (800) 516-0015 or
jpcuticelli@sheldongood.com


ACLARA TECHNOLOGIES: Moody's Assigns B3 CFR, Outlook Stable
-----------------------------------------------------------
Moody's Investors Service assigned a first time B3 Corporate Family
Rating and a B3-PD Probability of Default Rating to Aclara
Technologies LLC, an advanced meter infrastructure provider.
Concurrently, Moody's assigned a B3 (LGD4) rating to the company's
new $345 Million 1st Lien 7-Year Term Loan.  The company will use
the issuance proceeds from the new Term Loans to fund a dividend to
owners and refinance existing debt.  The rating outlook is stable.

                         RATINGS RATIONALE

The B3 CFR reflects relatively high leverage for Aclara's smaller
size, the competitive AMI industry and constrained free cash flow
which offsets the benefits the company's strong backlog, leadership
position in several segments and diversified offering. In Moody's
view, Aclara operates in a low barrier industry, where larger and
more established competitors constrain profitability. Furthermore
new customer installation projects tend to be chunky in nature and
contribute to sales volatility.  While the firm's legacy businesses
have existed for over 30 years, its current iteration was formed
through recent and relatively sizable mergers and it therefore has
scant track record in current form.  As well, Moody's expects that
Aclara will generate weak free cash flow in 2016 and 2017 due to
project ramps and costs related to the recent mergers.

Moody's believes Aclara is becoming stronger in a competitive
sector by virtue of recent mergers through which it offers complete
metering solutions and software-enabled installation services for
its utility customers.  As well, the firm will face challenges
demonstrating cost benefits outweigh new outlays, although the
complete nature of its product offering will appeal to all types of
customers in all segments of service: electric, gas and water.
Finally, nearly three quarters of Aclara's costs are variable as it
has a contracted manufacturing structure, which enables
optimization of spending in line with business conditions and will
help support margins when orders are weak.

Moody's expects that Aclara's leverage will be above 4.5 times debt
to EBITDA (including Moody's standard adjustments) after it has
closed its new term loan, the proceeds of which will retire
existing debt and fund a distribution to its owners.  While this
amount of leverage is in line with that of similarly-rated
companies, given Aclara's smaller size we expect the firm to reduce
leverage over the next two to three years to around four times.
EBITA to interest coverage is expected in the two times range and
should increase with the anticipated reduction in leverage.

The stable outlook reflects Moody's expectation for Aclara to grow
steadily via new business wins while maintaining leverage below 3.5
to 4.5 times debt to EBITDA and increasing levels of free cash
flow.

Moody's would likely downgrade Aclara's ratings if the company
sustains leverage above five times or EBITA to interest sustained
below two times.  Any revenue or profit declines resulting from
product failures or significant customer loss would also lead to a
downgrade.  Conversely, Moody's could upgrade Aclara' ratings if
the company were to lower leverage below three times debt to EBITDA
on a sustained basis, grow annual revenues above $1 billion or
increase its customer diversification so that the top five
represent less than one-third of revenue.

Assignments:

Issuer: Aclara Technologies LLC

  Probability of Default Rating, Assigned B3-PD
  Corporate Family Rating, Assigned B3
  $345 Million 1ST Lien 7-Year Term Loan, Assigned B3(LGD4)
  Rating Outlook, Assigned Stable

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

Aclara Technologies LLC is a supplier of smart infrastructure
solutions to water, gas, and electric utilities globally.  Aclara
solutions connect over 780 utilities in 36 countries with their
customers through automated meter reading by incorporating a range
of sensors, communications, and analytic technologies.  Aclara
Technologies LLC is owned by an affiliate of Sun Capital Partners.
Moody's anticipates revenues for Aclara to total approximately
$460 million in 2016.


ADLEBI INC: Involuntary Chapter 11 Case Summary
-----------------------------------------------
Alleged Debtor: Adlebi Inc
                1732 1st Avenue, #28263
                New York, NY 10128

Case Number: 16-12256

Involuntary Chapter 11 Petition Date: August 2, 2016

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

Judge: Hon. Michael E. Wiles

Petitioner's Counsel: Pro Se

Petitioner: Yehuda Nelkernbaum   
            1759 East 10th Street
            Brooklyn, NY 11233

Nature of Claim: Loan

Claim Amount: $17,250


AF LEWIS: U.S. Trustee Unable to Appoint Committee
--------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Alabama has
ordered that no official committee of unsecured creditors will be
appointed in the Chapter 11 case of AF Lewis Enterprises, LLC.

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.


AFM FINE RESTAURANTS: 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 AFM Fine Restaurants Corporation.
                        
AFM Fine Restaurants Corporation sought protection under Chapter 11
of the Bankruptcy Code (Bankr. S.D. Calif. Case No. 16-03869) on
June 27, 2016.  The Debtor is represented by Bill Parks, Esq., at
Law Office of Bill Parks.


ALLIANCE FOOD SERVICES: 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 Alliance Food Services Inc.

                  About Alliance Food Services

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


ANGELS OF THE VALLEY: PCO Files 4th Interim Report
--------------------------------------------------
Constance Doyle, as the Patient Care Ombudsman for Angels of the
Valley Hospice, LLC, has issued on August 1, 2016, a Fourth Interim
Report filed before the US Bankruptcy Court for the Central
District of California.

The PCO finds that all care provided to the patients by the Debtor
remains well within the standard of care.

The PCO reported that on June 2016, the census was 16.  There is an
increase in physician referrals and also that of the County.
Marketing efforts are ongoing by personal interaction and education
of the services to case managers and physician groups.  Follow up
of the survey by the Los Angeles County Department of Health offers
no deficiencies in the process, medical records, or clinical
interventions provided.

Likewise, on July 2016, the PCO stated that census is 15 with 2
pending. A concerted effort is ongoing to educate physicians,
facilities, etc., on the services offered with the hopes of
receiving patients earlier in their case process.

Angels of the Valley Hospice Care, LLC, filed a Chapter 11 petition
(Bankr. C.D. Calif., Case No. 15-28771) on December 11, 2015, and
is represented by Julie J Villalobos, Esq., at Oaktree Law, in
Cerritos, California.  At the time of filing, the Debtor had
$777,839 in total assets and $1.60 million in total liabilities.
The petition was signed by Emerald Argonza, CEO.


AOG ENTERTAINMENT: Idol Winner Says Management Deal "Void"
----------------------------------------------------------
Jonathan Randles, writing for Bankruptcy Law360, reported that
former "American Idol" winner Phillip Phillips' attorney told a New
York bankruptcy judge on Aug. 2, 2016, that a management agreement
with the production company behind the talent competition is void
as both sides battle in litigation over control of the singer's
career.

During a hearing in Manhattan, Phillips' attorney Robert Lemons of
Weil Gotshal & Manges LLP previewed the singer's argument for why a
management contract with "Idol" producer 19 Entertainment Inc.
cannot be enforced against his client.

In June 2016, 19 Entertainment, Inc., 19 Recordings, Inc. and 19
Publishing Inc. commenced an adversary proceeding against Mr.
Phillips, seeking a declaration that each of Mr. Phillips' separate
contracts with 19 Entertainment et al., continues in full force and
effect and that he must disgorge the approximately $1,000,000 he is
holding as an "offset" against baseless claims that 19
Entertainment et al. violated California Labor Code Section 1700,
et. seq., and that therefore Plaintiffs contracts with Mr. Phillips
are "void."

Mr. Phillips is a performing and recording artist, and a past
winner of the
television program, American Idol.

On July 19, Mr. Phillips asked the Bankruptcy Court for (i)
abstention and dismissal pursuant to 28 U.S.C. Section 1334(c)(2),
or alternatively Section 1334(c)(1), or, in the alternative, for a
stay of the Adversary Proceeding and (ii) for relief from the
automatic stay.

According to Mr. Phillips, the essence of the dispute at the heart
of the complaint is a legal dispute that began, and belongs, in
California.  More than 14 months ago, on January 22, 2015, Mr.
Phillips, a recording artist who won the eleventh season of
American Idol, brought a petition under the California Talent
Agencies Act -- TAA -- before a Labor Commissioner in the Division
of Labor Standards Enforcement of the State of California.  The TAA
is an intricate statutory scheme that regulates talent agents and
talent agency agreements in California.  Mr. Phillips alleged,
inter alia, that his agreements with 19 Entertainment et al. are
illegal and void under the TAA because 19 Entertainment et al.
procured and attempted to procure performance engagements and
endorsements involving performances for Mr. Phillips without talent
agency licenses.  Accordingly, Mr. Phillips asserted his right to
the remedy provided by the TAA for unlawful artist-manager
agreements -- to have the Labor Commissioner declare the agreements
void ab initio and unenforceable against him.  The agreements with
19 Entertainment et al. that Mr. Phillips challenges in his
petition are the very same agreements that are the bases for the
Debtors' claims asserted in the Adversary Proceeding.  His petition
under the TAA before the Labor Commissioner was pending up until
the date of the Debtors' bankruptcy filing.

Counsel for 19 Entertainment, et al. are:

          Matthew A. Feldman, Esq.
          Paul V. Shalhoub, Esq.
          Andrew S. Mordkoff, Esq.
          WILLKIE FARR & GALLAGHER LLP
          787 Seventh Avenue
          New York, NY 10019
          Telephone: 212-728-8000
          Facsimile: 212-728-8111

              - and -

          Bert H. Deixler, Esq.
          Joshua W. Sussman, Esq.
          KENDALL BRILL & KELLY LLP
          10100 Santa Monica Blvd., Suite 1725
          Los Angeles, CA 90067
          Telephone: 310-556-2700
          Facsimile: 310-556-2705

Counsel to Mr. Phillips:

          Robert J. Lemons, Esq.
          Jeffrey S. Klein, Esq.
          Christina Andersen, Esq.
          Arkady A. Goldinstein, Esq.
          WEIL, GOTSHAL & MANGES LLP
          767 Fifth Avenue
          New York, NY 10153
          Telephone: (212) 310-8000
          Facsimile: (212) 310-8007

               - and -

          Howard E. King, Esq.
          Stephen D. Rothschild, Esq.
          KING, HOLMES, PATERNO & SORIANO, LLP
          1900 Avenue of the Stars
          Los Angeles, CA 90067
          Telephone: (310) 282-8989
          Facsimile: (310) 282-8903

               About AOG Entertainment, Inc.

CORE Entertainment Inc. and its subsidiaries own, produce, develop
and commercially exploit entertainment content.  The Company's
portfolio of world-class brands and entertainment properties
includes participation in the "IDOL"-branded shows, including
American Idol, Deutschland sucht den Superstar, Nouvelle Star and
more than fifty other franchises shown around the world, and the
popular television series "So You Think You Can Dance".  The
Company conducts its primary business activities through its
subsidiary groups, including 19 Entertainment.

CORE Entertainment Inc. and 47 other affiliates each filed a
Chapter 11 bankruptcy petition (Bankr. S.D.N.Y. Case Nos. 16-11087
to 16-11134, respectively) on April 28, 2016, two days prior to
the
expiration of their forbearance agreement with (a) certain lenders
holding the requisite amount of loans under a first lien term loan
facility; and (b) Crestview Media Investors, L.P., as lender under
the first lien term loan facility and a second lien term loan
facility.  Pursuant to the Forbearance Agreements, the lenders
agreed to forbear from exercising their remedies on account of any
missed payments or certain alleged defaults under the Term Loan
Agreements.

The Debtors estimated assets and liabilities in the range of $100
million to $500 million.

The Debtors have hired Matthew A. Feldman, Esq., Paul V. Shalhoub,
Esq., and Andrew S. Mordkoff, Esq., at Willkie Farr & Gallagher
LLP
as counsel, Moelis & Company, LLC as financial advisor,
PricewaterhouseCoopers LLP as auditors and tax consultants and
Kurtzman Carson Consultants LLC as claims, noticing and
administrative agent.

The cases are jointly administered under AOG Entertainment, Inc.,
Case No. 16-11090 before the Honorable Stuart M. Bernstein.

The official committee of unsecured creditors retained Zolfo
Cooper, LLC as its financial advisor; and Sheppard Mullin Richter &
Hampton, LLP as counsel.


ATLAS RESOURCE: Asks Court to Extend Schedules Filing Deadline
--------------------------------------------------------------
Atlas Resource Partners, L.P and its debtor affiliates ask the
Bankruptcy Court to:

   (a) extend the deadline by which they must file their schedules
       of assets and liabilities and statements of financial
       affairs by 60 days;

   (b) permanently waive the requirement to file the Schedules and
       Statements if the their Prepackaged Plan is confirmed
       during the extension period, without prejudice to their
       ability to request additional time should it become
       necessary;

   (c) waive the reporting requirements of Bankruptcy Rule 2015.3;

   (d) waive the requirement to (i) file a list of equity security
       holders and (ii) provide equity holders with notice of
       commencement of these Chapter 11 cases;

   (e) waive the requirements applicable to creditor list filings
       under Local Bankruptcy Rule 1007-1; and

   (f) authorize them to file a single consolidated list of the 40
       largest unsecured creditors.

According to David M. Turetsky, Esq., at Skadden, Arps, Slate,
Meagher & Flom LLP, one of the Debtors' attorneys, the request for
a final waiver of the requirement to file the Schedules and
Statements is appropriate in a prepackaged case.  Mr. Turetsky said
that much of the information that would be contained in the
Schedules and Statements is already available in the Disclosure
Statement related to the Plan.  To require the Debtors to file the
Schedules and Statements would be impracticable, duplicative and
unnecessarily burdensome to the Debtors' estates.

Bankruptcy Rule 2015.3 provides that a chapter 11 debtor shall file
periodic financial reports, no later than seven days before the
date set for the meeting of creditors pursuant to section 341 of
the Bankruptcy Code and no less than every six months thereafter,
disclosing the value, operations and profitability of each entity
that is not a publicly traded corporation or a debtor in these
Chapter 11 cases, and in which the estate holds a substantial or
controlling interest.  The Debtors file periodic reports with the
United States Securities and Exchange Commission pursuant to the
Securities and Exchange Act of 1934.  The Debtors' SEC Filings are
presented on a consolidated basis and include financial information
for the Debtors and the 2015.3 Entities.  Thus, the Debtors
asserted that compliance with Bankruptcy Rule 2015.3 is
unnecessary, of limited value to interested parties, unduly
burdensome and otherwise duplicative of information that is already
publicly available.

Bankruptcy Rule 1007(a)(3) provides that "[i]n a chapter 11
reorganization case, unless the court orders otherwise, the debtor
must file within fourteen days after entry of the order for relief
a list of the debtor's equity security holders of each class
showing the number and kinds of interests registered in the name of
each holder, and the last known address or place of business for
each holder."  ARP is a public company and, as of the Petition
Date, has over 100 million outstanding common units and
approximately 8 million outstanding preferred units.  Accordingly,
the Debtors said that preparing a list of Equity Holders with
last-known mailing addresses would be an extremely time consuming
and expensive undertaking.

Local Bankruptcy Rule 1007-1 mandate, among other things, that each
of the individual debtors file a list of creditors formatted in a
particular manner.  The Debtors have filed an application to retain
Epiq Bankruptcy Solutions as notice and claims agent for the Office
of the Clerk of Court to assist the Clerk's Office with, among
other things, the notices to be provided in these Chapter 11 cases.
The Notice and Claims Agent has prepared a consolidated list of
creditors and potential parties-in-interest based on the names and
addresses that the Debtors maintained in their databases or were
otherwise readily ascertainable by the Debtors before the Petition
Date.  The Debtors asserted that re-formatting the Creditor List,
preparing and filing separate formatted creditor matrices, and
otherwise complying with the List Filing Requirements will impose
unnecessary administrative burdens.

In addition, the Debtors said that requiring each of them to file a
top 20 list of largest unsecured creditors excluding insiders would
be unduly burdensome, with little, if any, attendant value to their
estates or the U.S. Trustee.

                    About Atlas Resource

Atlas Resource Partners, L.P., a publicly-traded master-limited
partnership, is an independent oil and natural gas company engaged
in the exploration, development, and production of oil and natural
gas properties with operations in basins across the United States.
    
Atlas Resource Partners, L.P. and 23 of its subsidiaries each filed
a voluntary petition under Chapter 11 of the Bankruptcy Code
(Bankr. S.D.N.Y. Lead Case No. 16-12149) on July 27, 2016.  The
petitions were signed by Jeffrey M. Slotterback as chief financial
officer.

In the petition, the Debtors list total assets of $1.32 billion and
total debts of $1.53 billion as of July 20, 2016.

The Debtors have hired Skadden, Arps, Slate, Meagher & Flom LLP as
counsel; Perella Weinberg Partners LP as investment banker; and
Epiq Bankruptcy Solutions, LLC as claims and noticing agent.


ATLAS RESOURCE: Wants to Enter Into Postpetition Swap Agreements
----------------------------------------------------------------
To minimize the risk to their business operations caused by
commodity price volatility, Atlas Resource Partners, L.P. and its
debtor affiliates seek permission from the Bankruptcy Court to
enter into and perform under new hedging arrangement with certain
of the first lien secured parties.

According to the Debtors, entering into the Postpetition Swap
Agreements will help insulate them from major declines in commodity
prices and is a critical and necessary step in achieving the global
deal embodied in the Restructuring Support Agreement dated as of
July 25, 2016, by and among the Debtors and the Restructuring
Support Parties.

"Hedging arrangements are important to E&P companies because they
"lock in" the price at which a company sells a specified volume of
production, thereby stabilizing the company's future cash flows,"
said David M. Turetsky, Esq., at Skadden, Arps, Slate, Meagher &
Flom LLP, one of the Debtors' attorneys.  "For the volume of
production that remains unhedged, a company will bear the full
brunt of depressed prices or otherwise reap the full benefit of
higher prices."

Because the transactions under the Postpetition Swap Agreements are
subject to value fluctuation, the Debtors intend to support their
potential Postpetition Swap Obligations under the Postpetition Swap
Agreements by (i) granting First Lien Adequate Protection Liens to
the First Lien Agent, for the benefit of the Postpetition Swap
Providers, to secure the Postpetition Swap Obligations and (ii)
granting allowed First Lien Adequate Protection Claims to the
Postpetition Swap Providers on account of the Postpetition Swap
Obligations.

On July 31, 2013, Atlas Resource Partners entered into a Second
Amended and Restated Credit Agreement between ARP, Wells Fargo
Bank, National Association, as Administrative Agent, and certain
lenders, which governs the Debtors' senior secured revolving credit
facility.  As of June 9, 2016, $673.7 million in borrowings were
outstanding (which includes $4.2 million in letters of credit)
under the First Lien Credit Facility, resulting in a borrowing base
deficiency of $143.7 million.

                      About Atlas Resource

Atlas Resource Partners, L.P., a publicly-traded master-limited
partnership, is an independent oil and natural gas company engaged
in the exploration, development, and production of oil and natural
gas properties with operations in basins across the United States.
    
Atlas Resource Partners, L.P. and 23 of its subsidiaries each filed
a voluntary petition under Chapter 11 of the Bankruptcy Code
(Bankr. S.D.N.Y. Lead Case No. 16-12149) on July 27, 2016.  The
petitions were signed by Jeffrey M. Slotterback as chief financial
officer.

In the petition, the Debtors list total assets of $1.32 billion and
total debts of $1.53 billion as of July 20, 2016.

The Debtors have hired Skadden, Arps, Slate, Meagher & Flom LLP as
counsel; Perella Weinberg Partners LP as investment banker; and
Epiq Bankruptcy Solutions, LLC as claims and noticing agent.


AVAYA INC: Creditor Franklin Said to Ask for Apollo, GSO Support
----------------------------------------------------------------
Jodi Xu Klein, writing for Bloomberg News, reported that Avaya Inc.
will meet with creditors for the first time since the company said
it's reviewing ways to rein in its $6 billion debt load, according
to people with knowledge of the matter.

According to the report, the discussions will put the software and
services provider face-to-face with a group of lenders including
Blackstone Group LP and Apollo Global Management LLC, who hired
advisers to negotiate with the company, said the people, who asked
not to be identified because the discussions are private.  The
creditors are pushing for the company, which private-equity firms
TPG Capital Management and Silver Lake Management acquired in 2007,
to halve its debt load, one of the people said, the report
related.

With dwindling revenue and pressure from cloud-based upstarts and
networking giant Cisco Systems Inc., Avaya will likely struggle to
repay a $616 million term loan that's coming due next year, the
report cited Moody's Investors Service as saying earlier this year.
Avaya said in July that it hired Goldman Sachs Group Inc. and
Centerview Partners to assess options to bolster its balance sheet,
including asset sales, the report further related.

If the company doesn't raise enough cash through asset sales to
significantly boost its liquidity, lenders would likely push for
other options including a debt-for-equity swap that could cut its
debt load, the report said, citing one of the people.

Blackstone's credit arm GSO Capital Partners leads the creditor
group, which holds a total of $4.67 billion of Avaya's first-lien
loans and bonds, the report added, citing the people.  Apollo
Global Management LLC, Davidson Kempner Capital Management and
Guggenheim Partners are among other large holders in the group,
which is being advised by PJT Partners Inc. and Akin Gump Strauss
Hauer & Feld, the report further cited the people as saying.

                            About Avaya

Avaya is a leading provider of solutions that enable customer and
team engagement across multiple channels and devices for better
customer experience, increased productivity and enhanced financial
performance.  Its world-class contact center and unified
communications technologies and services are available in a wide
variety of flexible on-premise and cloud deployment options that
seamlessly integrate with non-Avaya applications.  The Avaya
Engagement Environment enables third parties to create and
customize business applications for competitive advantage.
Avaya's
fabric-based networking solutions help simplify and accelerate the
deployment of business critical applications and services.  For
more information please visit http://www.avaya.com/

As of March 31, 2016, Avaya had $6.68 billion in total assets,
$10.18 billion in total liabilities and a total stockholders'
deficiency of $3.50 billion.

                          *     *     *

As reported by the TCR on April 12, 2016, Standard & Poor's
Ratings
Services said that it lowered its corporate credit rating on Santa
Clara, Calif.-based Avaya Inc. to 'CCC' from 'B-'.

Avaya carries a Caa1 corporate family rating from Moody's
Investors
Service.


AVON INT'L: Moody's Assigns Ba1 Rating on $400MM Notes
------------------------------------------------------
Moody's Investors Service assigned a Ba1 rating to $400 million of
senior secured notes being offered by Avon International Operations
Inc, a wholly owned domestic subsidiary of Avon Products Inc.
('API' and together 'Avon').  API's other ratings, including the
company's Ba3 Corporate Family Rating (CFR) and B1 senior unsecured
note ratings, as well as its negative outlook are unchanged.

The new notes, along with $250 million of cash on hand, will be
used to fund Avon's tender offer for up to $650 million in
aggregate principal amount of unsecured notes.  The tender offer,
announced on August 1, 2016, is being offered to holders of the
5.75% $250 million notes due March-2018, 4.20% $250 million notes
due July-2018, 6.50% $350 million notes due March-2019 and the
4.60% $500 million notes due March-2020.  The exchange offer is
expected to close later in August, subject to customary regulatory
and closing conditions.

Separately, if over time, the amount of secured debt at Avon
materially exceeds the amount contemplated with this new $400
million offering, Avon's remaining B1--rated unsecured notes will
be lowered one notch to B2, reflecting the larger amount of secured
claims ranking ahead of them.

                        RATINGS RATIONALE

Avon's Ba3 CFR reflects very high financial leverage, and its high
concentration in broadly growing but potentially volatile
developing markets.  It also reflects structural challenges
associated with the direct sales distribution model and declines in
the active representative base in some markets.  Avon also faces
execution risks associated with its transformation plans and
currency volatility.  Moody's expects that free cash flow will be
modest in 2016 as the company absorbs costs associated with its
restructuring plan.

The rating is supported by the strength of its brands and good
geographic diversification.  Moody's views positively Avon's public
commitment to improve its balance sheet through cost take-outs,
debt repayment, and suspension of its dividends.

Ratings assigned:

Avon International Operations Inc:

  Senior Secured Notes due 2022 at Ba1 (LGD2)

The negative outlook reflects the risks associated with executing
the transformation plan and reinvigorating growth in the face of
economic challenges in certain key markets.

The ratings could be lowered if Moody's comes to expect that Avon's
credit metrics will weaken as a result of deteriorating operating
performance, if there are major delays in the realization of cost
savings, or if liquidity erodes. Quantitatively, if debt to EBITDA
is not reduced to below 5 times in the next 12 to 18 months, Avon's
ratings could be downgraded.

An upgrade would be dependent on Avon sustaining improvement in its
financial performance and successfully executing its turnaround
initiatives.  If the company is able to show good business momentum
and profit growth across major markets, maintain debt to EBITDA of
3.5 times or below, and improve EBIT margins to 10% or above, the
ratings could be upgraded.

The principal methodology used in this rating was Global Packaged
Goods published in June 2013.

Avon is a global beauty product company and one of the largest
direct sellers through nearly 6 million active representatives.
Avon's products are available in over 70 countries and include
color cosmetics, skin care, fragrance and personal care, fashion,
and home/other.  Brands include Avon Color, ANEW, Skin-So-Soft,
Advance Techniques, and Smooth Minerals.  Cerberus Capital
Management L.P., through controlled affiliates, owns approximately
16.6% of the company through a preferred stock investment.  The
company reported revenues of approximately $5.7 billion in the last
twelve months ended June 30, 2016.


AZTEC OIL: U.S. Trustee Unable to Appoint Committee
---------------------------------------------------
U.S. Trustee Judy A. Robbins disclosed in a court filing that no
official committee of unsecured creditors has been appointed in the
Chapter 11 cases of Aztec Oil & Gas, Inc., et al.

Houston, Texas-based Aztec Oil & Gas, Inc. (Bankr. S.D. Tex. Case
No. 16-31895) and affiliates Aztec Energy, LLC (Bankr. S.D. Tex.
Case No. 16-31896), Aztec Operating Company (Bankr. S.D. Tex. Case
No. 16-31897), Aztec Drilling & Operaring LLC (Bankr. S.D. Tex.
Case No. 16-31898), Aztec VIIIB Oil & Gas LP (Bankr. S.D. Tex. Case
No. 16-31899), Aztec VIIIC Oil & Gas LP (Bankr. S.D. Tex. Case No.
16-31900), Aztec XA Oil & Gas LP (Bankr. S.D. Tex. Case No.
16-31901), Aztec XB Oil & Gas LP (Bankr. S.D. Tex. Case No.
16-31902), Aztec XC Oil & Gas LP (Bankr. S.D. Tex. Case No.
16-31903), Aztec XI-A Oil & Gas LP (Bankr. S.D. Tex. Case No.
16-31904), Aztec XI-B Oil & Gas LP (Bankr. S.D. Tex. Case No.
16-31905), Aztec XI-C Oil & Gas LP (Bankr. S.D. Tex. Case No.
16-31907), Aztec XI-D Oil & Gas LP (Bankr. S.D. Tex. Case No.
16-31908), Aztec XII-A Oil & Gas LP(Bankr. S.D. Tex. Case No.
16-31909), Aztec XII-B Oil & Gas LP (Bankr. S.D. Tex. Case No.
16-31910), Aztec XII-C Oil & Gas LP (Bankr. S.D. Tex. Case No.
16-31911), Aztec Comanche A Oil & Gas LP (Bankr. S.D. Tex. Case No.
16-31912), and Aztec Comanche B Oil & Gas, LP (Bankr. S.D. Tex.
Case No. 16-31913) filed separate Chapter 11 bankruptcy petitions
on April 13, 2015.  The petitions were signed by Jeremy Driver,
president.

Judge David R. Jones presides over Aztec Oil & Gas, Inc.'s case.
Judge Marvin Isgur presides over the cases of Aztec Energy, LLC,
and Aztec Operating Company.

Kristin Nicole Rhame, Esq., at Christin, Smith & Jewell, LLP,
serves as the Debtors' bankruptcy counsel.

Aztec Oil & Gas, Inc., estimated its assets at between $100,000 and
$500,000 and its liabilities at between $500,000 and $1 million.  

Aztec Energy, LLC, and Aztec Operating Company each estimated their
assets and liabilities at up to $50,000 each.


BLUE SEA CRUISES: Hires Cates Marine for Salvage Operation
----------------------------------------------------------
Blue Sea Cruises, Inc. and RCL, LLC filed an ex-parte application
with the Hon. Robert J. Faris of the U.S. Bankruptcy Court for the
District of Hawaii to employ Cates Marine Services, LLC, nunc pro
tunc to July 24, 2016, to perform salvage operation of Vessel
Number 1195628, also known as the Spirit of Kona.

Cates Marine will be paid at these hourly rates:

       Salvage Master         $125
       Boat Captain           $95
       Diver-Wet Work         $95
       General Labor          $95

Cates Marine will also be paid hourly for the equipment used for
the salvage operation.

As of the date and time of the filing of the Application, the
Debtor does not have an estimate as to the cost for the salvage.
Cates will be paid through the proceeds of the Debtor's Watercraft
Marine Insurance with XL Specialty Insurance Company, administered
through Gallagher Charter Lakes.                 

The Debtors 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.

Cates Marine can be reached at:

       CATES MARINE SERVICES, LLC
       24 Sand Island Access Road
       Box# 27
       Honolulu, HI 96819
       Tel: (808) 841-4956
       Fax: (808) 841-4957

Blue Sea Cruises, Inc., based in Kailua-Kona, Hawaii, filed a
Chapter 11 petition (Bankr. D. Haw. Case No. 16-00184) on February
25, 2016.  The Hon. Robert J. Faris presides over the case.
Jeffrey S. Flores, Esq. and Jerrold K. Guben, Esq., at O'Connor
Playdon & Guben LLP, as bankruptcy counsel.

In its petition, the Debtor estimated $1 million to $10 million in
assets and $500,000 to $1 million in liabilities. The petition was
signed by Raymond L. LeMay, Jr., vice president.

RCL, LLC filed a Chapter 11 bankruptcy petition (Bankr. D. Haw.
Case No. 16-00183) on February 25, 2016.  The Debtor is represented
by Jeffrey S. Flores, Esq.


BROWN MEDICAL: Greenberg Traurig Seeks Dismissal of $2.2M Suit
--------------------------------------------------------------
Michelle Casady, writing for Bankruptcy Law360, reported that
Greenberg Traurig LLP asked a Texas federal judge on Aug. 1 to toss
a lawsuit by Elizabeth M. Guffy, the bankruptcy estate agent for
Brown Medical Center, Inc.  The lawsuit seeks to claw back $2.2
million in attorneys' fees.  Greenberg Traurig argues that the
trustee has had three attempts to provide proof of her fraudulent
transfer claims and has failed to do so.

As reported by Bankruptcy Law360's Martin O'Sullivan in May 2016,
Ms. Guffy, the Plan agent and an attorney at Locke Lord LLP, said
Greenberg Traurig should give back payments by Brown Medical,
saying the work billed to the company benefited only its late owner
Michael Brown and his other unrelated companies. The complaint also
alleges the transfers, totaling $2,223,578.09, were fraudulent
because they were made after BMC became insolvent.

Mr. O'Sullivan reported in June that Ms. Guffy told the Bankruptcy
Court Greenberg Traurig cannot dodge her suit.

Greenberg Traurig in May asked the court to toss the suit, saying
Ms. Guffy did not identify specific BMC accounts from which the
money originated. Since Ms. Guffy could not show the funds belonged
to BMC, the fraudulent transfer claims fail, the firm said.

Ms. Guffy pointed to seven instances in the complaint in which she
said the funds came directly from BMC. At this point in the case,
the court must take her allegations as true, she said.

Michael Brown, a hand surgeon, died in November 2013 in a Miami
hospital about two weeks after he had attempted to kill himself. At
the time of his death, Mr. Brown was fighting the bankruptcy suit,
a divorce suit and was set to report to federal prison after
pleading guilty to choking a flight attendant on an international
trip, according to a Law360 report.

His widow in March 2014 dropped a suit accusing Greenberg Traurig
of helping her husband set up sham corporations to serve as a
conduit for siphoning millions from his legitimate businesses in
violation of court orders prohibiting the doctor from spending
cash.

Ms. Guffy is represented by:

          Timothy M. McCloskey, Esq.
          Blake E. Rizzo, Esq.
          Thomas A. Woolley, Esq.
          Carrigan McCloskey & Roberson, L.L.P.
          945 Heights Boulevard
          Houston, TX 77008
          Tel: 713.868.5581
          Fax: 713.868.1275
          E-mail: tmccloskey@cmrllp.com
                  brizzo@cmrllp.com
                  rwoolley@cmrllp.com

Greenberg Traurig is represented by:

          William Greendyke, Esq.
          Jason Lee Boland, Esq.
          Norton Rose Fulbright US LLP
          Fulbright Tower
          1301 McKinney, Suite 5100
          Houston, TX 77010-3095
          E-mail: william.greendyke@nortonrosefulbright.com
                  jason.boland@nortonrosefulbright.com

The case is Guffy v. Greenberg Traurig LLP et al., Case No.
4:16-cv-00536 (Bankr. S.D. Tex.).

                    About Brown Medical

Houston, Texas-based Brown Medical Center, Inc., is a management
company that historically served as the epicenter of the operating
business enterprise directly or indirectly owned or controlled by
Michael Glyn Brown, including six surgery centers and related
facilities.  The Company sought protection under Chapter 11 of the
Bankruptcy Code on Oct. 15, 2013 (Case No. 13-36405, Bankr.
S.D.Tex.).  The case is assigned to Judge Marvin Isgur.

Brown Medical Center is represented by Spencer D. Solomon, Esq.,
at Nathan Sommers Jacobs, P.C., in Houston, Texas.

In November 2013, the Bankruptcy Court approved the appointment of
Elizabeth M. Guffy as Chapter 11 trustee.  The trustee hired
Porter Hedges LLP, led by Joshua W. Wolfshohl, Esq., John F.
Higgins, Esq., and James Matthew Vaughn, Esq., Nick D. Nicholas,
Esq., J. Patrick LaRue, Esq., and Craig M. Bergez, as counsel.
The trustee tapped The Claro Group, LLC, as financial advisor and
consultant.

In its schedules, Brown Medical listed $13,807,746 in assets and
$27,716,168 in liabilities.  Brown Medical owes Crown Financial
Funding, LP, the primary secured creditor, pursuant to a pre-
bankruptcy promissory note in the original principal amount of
$2 million, which indebtedness is secured by a security agreement
from Allied Center for Special Surgery, Scottsdale, LLC covering
accounts and accounts receivable which the Debtor has the right to
collect.

The plan of liquidation filed by the Chapter 11 trustee became
effective on Oct. 1, 2014.  Under the Plan, the remaining assets,
including cash and the right to receive a portion of the net
proceeds from ongoing collection of accounts receivable, will vest
in the "liquidating debtor" -- the company after the effective
date of the plan.


C&S CARWASH: Court to Take Up Exit Plan on September 1
------------------------------------------------------
A U.S. bankruptcy judge will consider approval of the Chapter 11
plan of reorganization of C&S Carwash, Inc., at a hearing on
September 1.

Judge Paul Glenn of the U.S. Bankruptcy Court for the Middle
District of Florida will hold the hearing at 2:30 p.m., at
Courtroom A, 4th Floor, 300 North Hogan Street, in Jacksonville,
Florida.

The bankruptcy judge will also consider at the hearing the final
approval of the company's disclosure statement, which he
conditionally approved on July 21.

Voting creditors must file their ballots no later than 14 days
before the September 1 hearing.  Objections to the plan must be
filed seven days before the hearing.

                        About C&S Carwash

C&S Carwash, Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. M.D. Fla. Case No. 16-00863) on March 8,
2016. The Debtor is represented by Jason A Burgess, Esq., at The
Law Offices of Jason A. Burgess, LLC.


CAESARS ENTERTAINMENT: Cites CEOC Bankruptcy for $2BB Q2 Loss
-------------------------------------------------------------
Martin O'Sullivan, writing for Bankruptcy Law360, reported that
Caesars Entertainment Corp. has reported a $2 billion loss in its
second quarter of the year, attributing the loss to its bankrupt
operating unit.  The company placed Caesars Entertainment Operating
Co. Inc. into Chapter 11 bankruptcy in January 2015 with plans to
extinguish $10 billion in debt. The gambling giant said Tuesday
that its reported second-quarter loss of $14.25 per share was due
mostly to those restructuring proceedings.

                   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).


CAESARS ENTERTAINMENT: Consents to CIE Sale Transaction
-------------------------------------------------------
Caesars Entertainment Corporation and Caesars Acquisition Company
entered into an agreement on July 30, 2016, regarding CEC's consent
to the sale of the SMG Business, as approved by the strategic
alternatives committee of CEC's Board of Directors and the special
committee of CAC's Board of Directors.

Subject to the terms and conditions of the agreement, CEC granted
any and all approvals, consents or waivers with respect to the sale
of the SMG Business in accordance with the Amended and Restated
Agreement and Plan of Merger, dated as of July 9, 2016, by and
between CEC and CAC.  In addition, CEC separately waived its right
of first offer and consented to the sale of the SMG Business for
all purposes in connection with the Amended and Restated Limited
Liability Company Agreement of Caesars Growth Partners, LLC, a
Delaware limited liability company.

Furthermore, CEC and CAC agreed to use commercially reasonable
efforts to amend the CGP Operating Agreement to, among other
things, permit CGP following the Closing to (i) make one or more
non-pro rata distributions or advances to CEC of up to $200 million
for professional fees and up to $100 million to support a proposed
casino project in South Korea, and (ii) make one or more non-pro
rata distribution to CAC to pay tax liabilities resulting from the
Sale.

On July 30, 2016, Caesars Interactive Entertainment, Inc., an
indirect subsidiary of CGP, an entity in which CEC has a 61.2%
non-voting interest, Alpha Frontier Limited, a Cayman Islands
exempted company, backed by a consortium that includes Giant
Investment (HK) Limited, an affiliate of Shanghai Giant Network
Technology Co., Ltd.; Yunfeng Capital; China Oceanwide Holdings
Group Co., Ltd.; China Minsheng Trust Co., Ltd.; CDH China HF
Holdings Company Limited and Hony Capital Fund, and, solely for
certain limited purposes described therein, CGP and CIE Growth,
LLC, a Delaware limited liability company, entered into a Stock
Purchase Agreement, pursuant to which, among other things, CIE will
sell its social and mobile games business to Purchaser.

Subject to the terms and conditions of the Purchase Agreement, CIE
will form a wholly owned subsidiary and consolidate the SMG
Business, including Playtika, Ltd., into New CIE.  At the closing
of the Sale, the Purchaser will acquire all of the issued and
outstanding capital stock of New CIE for cash consideration of $4.4
billion, subject to customary purchase price adjustments for net
working capital, cash, transaction expenses and debt.

In order to finance Purchaser's obligations under the Purchase
Agreement, including payment of the purchase price, the Consortium
members have each entered into an equity commitment letter . The
availability of the equity financing, however, is not a condition
to consummation of the Sale, and Purchaser will remain subject to
the obligations under the Purchase Agreement until the Sale is
consummated or the Purchase Agreement is terminated in accordance
with its terms.

CIE has agreed to hold the proceeds from the Sale in a separate
maintenance account until the occurrence of certain bankruptcy
release events, as further detailed in the Purchase Agreement.  CIE
may use the funds held in such maintenance account, subject to
certain limitations, for certain permitted uses, including the
release of certain bankruptcy claims and indemnification of
Purchaser for any bankruptcy-related claims, as well as up to an
aggregate amount not to exceed $1.85 billion for the payment of
transaction expenses related to the Sale, distribution to minority
shareholders or equity holders of CIE, tax payments, one or more
distributions or advances to CEC or any of its subsidiaries for the
payment of professional fees in an aggregate amount not to exceed
$200 million and for the support or advancement of a proposed
casino project in South Korea in an aggregate amount not to exceed
$100 million.

The assets to be sold are limited to the SMG Business and will not
include CIE's interest in the World Series of Poker brand and other
WSOP-related intellectual property or CIE's online real money
gaming business.  Pursuant to the Purchase Agreement, at the
Closing, the parties will also enter into certain intellectual
property licenses.  CIE will grant an exclusive license to Playtika
with respect to the WSOP and other WSOP-related trademarks owned by
CIE or its affiliates for use in Playtika's social and mobile games
for a 3% royalty on net revenues.  CIE will also sublicense on an
exclusive basis to Playtika certain of the trademarks licensed to
CIE by Caesars Entertainment Operating Company, Inc. and certain of
its affiliates under the Cross Marketing and Trademark License
Agreement, dated September 2011, for use in Playtika's social and
mobile games for a 3% royalty on net revenues.  In addition,
Playtika and Playtika Santa Monica, LLC will grant a royalty-free,
non-exclusive license to CIE under patents owned by them for use in
CIE's and its affiliates' real money gaming business.  Furthermore,
CIE and Purchaser agreed to negotiate the entry into a transition
services agreement for the provision of certain transition services
for a period of not more than three months following the Closing.

CIE and Purchaser have each made customary representations,
warranties and covenants in the Purchase Agreement. In addition,
CIE has agreed not to, directly or indirectly, initiate, solicit,
encourage or facilitate any proposals or offers for certain
transactions involving the sale of the SMG Business.

The consummation of the Sale is subject to the satisfaction or
waiver of various other conditions, including, among others, (i)
obtaining any necessary consents or approvals as may be required
under the Hart-Scott Rodino Act of 1976, as amended, or any other
antitrust law to effect the Sale, (ii) no issuance of any order by
a governmental authority restraining or prohibiting the Sale, (iii)
the completion of the Subsidiary Restructuring, (iv) obtaining a
certain tax certificate from the Israeli Tax Authority, and (v) the
retention of certain key employees.

On July 29, 2016, the Purchaser deposited $150 million into an
escrow account and, pursuant to the terms of the Purchase
Agreement, the Purchaser will deposit an additional $150 million
into the escrow account by 11:59 p.m., Pacific time on Aug. 8,
2016, for a total deposit of $300 million.  The Purchase Agreement
will automatically terminate, and the initial $150 million will be
released to CIE, if the full amount of the Deposit is not made by
Purchaser by such time.

The Purchase Agreement also contains certain termination rights,
including a right by either CIE or Purchaser to terminate the
Purchase Agreement if the Sale has not been consummated within 120
days of the execution of the Purchase Agreement, subject to a 90
day extension by either party if any governmental or regulatory
restrictions have been placed on the consummation of the
transaction or the tax certificate from the Israeli Tax Authority
has not been obtained.  If the Purchase Agreement is terminated,
the Deposit will be released to either CIE or Purchaser depending
on the circumstances of such termination as specified in the
Purchase Agreement.

A full-text copy of the Purchase Agreement is available at:

                      https://is.gd/INadO7

                   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).


CAESARS ENTERTAINMENT: Reports 2nd Quarter 2016 Results
-------------------------------------------------------
Caesars Entertainment Corporation on Aug. 2 reported second quarter
2016 results, which highlights certain GAAP and non-GAAP financial
measures on a consolidated basis.

Highlights

   -- Net revenues for Continuing CEC increased 7.8% year-over-year
to $1.2 billion primarily attributable to strength in Caesars
Interactive Entertainment's ("CIE") social and mobile games
business and growth in hospitality revenues in Las Vegas.

   -- Net loss for Continuing CEC was $2.0 billion compared to net
income of $50 million in the second quarter of 2015 and was largely
driven by an accrual of $2.0 billion related to the restructuring
of CEOC and a year-over-year increase in stock-based compensation
at CIE due to fair value estimates.

   -- Adjusted EBITDA for Continuing CEC grew 11.8% year-over-year
to $388 million.

   -- Net revenues for CIE increased 33.9% year-over-year to $249
million driven by greater monetization of monthly unique paying
users in the social and mobile games business.  Net income declined
$43 million to a net loss of $4 million mainly due to an expense of
$66 million for the quarter related to the fair value adjustment of
CIE's stock-based compensation awards.  Adjusted EBITDA grew 42.9%
to $100 million.

   -- Cash ADR in Las Vegas was up 8.2% due to increased resort
fees, effective hotel yield management and improved pricing power
due to room product enhancements.

"We delivered solid operating performance in the second quarter,
including an 8% increase in net revenue and strong income and
margin results, excluding the impact of bankruptcy-related charges
and CIE stock compensation expense," said Mark Frissora, President
and Chief Executive Officer of Caesars Entertainment.  "Our
second-quarter performance was driven by strong results in Las
Vegas lodging, exemplified by a 6.5% increase in RevPAR, as well as
entertainment and continued strength in the social and mobile games
business."

"Additionally, our productivity efforts have improved our revenue
per employee and marketing efficiency, as we drive further margin
improvement and cash flow while maintaining high levels of employee
and customer satisfaction," concluded Mr. Frissora.

Summary Financial Data

The results of CEOC and its subsidiaries are no longer consolidated
with Caesars subsequent to CEOC and certain of its United States
subsidiaries (the "Debtors") voluntarily filing for reorganization
under Chapter 11 of the United States Bankruptcy Code (the
"Bankruptcy Code") on January 15, 2015.

Supplemental materials have been posted on the Caesars
Entertainment Investor Relations website at
http://investor.caesars.com/financials.cfm

Second Quarter 2016 Financial Results

The Company views each casino property and CIE as operating
segments and currently aggregate all such casino properties and CIE
into three reportable segments based on management's view of these
properties which aligns with their own ownership and underlying
credit structures: CERP, Caesars Growth Partners Casino Properties
and Developments ("CGP Casinos"), and CIE.  CGP Casinos is
comprised of all subsidiaries of CGP excluding CIE.  CIE is
comprised of the subsidiaries that operate CGP's social and mobile
games operations, regulated online real money gaming, and the World
Series of Poker ("WSOP").  CEOC was a reportable segment until its
deconsolidation effective January 15, 2015.

Segment results in this release are presented consistent with the
way Caesars management assesses these results and allocates
resources, which is a consolidated view that adjusts for the impact
of certain transactions between reportable segments within Caesars.
Accordingly, the results of certain reportable segments presented
in this filing differ from the financial statement information
presented in their stand-alone filings.  "Other" includes parent,
consolidating, and other adjustments to reconcile to consolidated
Caesars results.  All comparisons are to the same period of the
previous year.

Continuing CEC

Net revenue for Continuing CEC increased 7.8% year-over-year to
$1,230 million primarily attributable to strength in CIE's social
and mobile games business and growth in hospitality revenues in Las
Vegas.  Income from operations decreased 11.8% to $164 million and
Property EBITDA decreased 4.6% to $335 million mainly due to a $66
million expense for the quarter related to the fair value
adjustment of CIE's stock-based compensation awards.  Net income
decreased $2,093 million to a net loss of $2,043 million mainly due
to an accrual of $2.0 billion related to CEC's estimate of the
additional amount it will pay to support the restructuring of CEOC.
As negotiations among all parties associated with the
restructuring are ongoing, the amount ultimately paid by CEC to
support the restructuring will likely change.  Adjusted EBITDA
increased 11.8% to $388 million mainly due to net revenue
increases, improved hotel customer mix and efficiency initiatives.

CERP

CERP owns and operates six casinos in the United States and The
LINQ promenade, along with leasing Octavius Tower at Caesars Palace
Las Vegas to CEOC and gaming space at The LINQ promenade to CGP.

Net revenues for the second quarter of 2016 were $562 million, down
0.7% as higher hotel revenues were more than offset by lower gaming
volumes in Las Vegas and Atlantic City and unfavorable
year-over-year hold.  CERP's Las Vegas properties faced a tough
year over year comparison due to a record month of hotel revenues
in May of last year.  Additionally, construction disruption
affected revenues at Harrah's Las Vegas as the property had over
10,000 room nights out of service due to renovations.  Casino
revenues were $287 million, down 4.0% from the prior year mainly
due to a calendar shift in Las Vegas for the World Series of Poker,
room inventory disruption at Harrah's Las Vegas and lower slot
volumes at Harrah's Atlantic City.  Room revenues rose 4.3% in the
quarter to $144 million mainly due to resort fees and improved
hotel yield, which drove an 8.1% increase in cash ADR.  Food and
beverage revenues were $136 million, down 0.7%.

Income from operations decreased 11.9% to $111 million, net income
decreased 52.9% to $8 million and adjusted EBITDA decreased 1.6% to
$179 million.  These declines were mainly due to lower gaming
revenues, which more than offset the benefits from marketing
efficiencies, improved hotel customer mix and better performance of
The LINQ promenade.  Hold was estimated to have a positive effect
on operating income of approximately $0 million to $5 million in
the quarter relative to the Company's expectation and an
unfavorable $0 million to $5 million effect when comparing to the
prior year period.

CGP Casinos

CGP Casinos owns and operates six casinos in the United States,
primarily in Las Vegas.

Net revenues for the second quarter of 2016 were $423 million, an
8.5% increase primarily attributable to gaming revenue growth at
Horseshoe Baltimore, increases in entertainment revenue due to the
Axis Theater at Planet Hollywood, higher hotel revenues, primarily
at The LINQ Hotel & Casino and favorable year-over-year hold.
Casino revenues were $259 million, up 5.7% from the prior year
mainly driven by higher gaming volumes at Horseshoe Baltimore as
volumes at the property were adversely affected in the prior year
period by the civil unrest in the city at the end of April and into
May.  Room revenues increased 11.0% to $91 million mainly due to an
increase in total rooms available at The LINQ Hotel & Casino and
resort fees.  Food and beverage revenues were $68 million, up
3.0%.

Income from operations increased 52.3% to $67 million, net income
increased $21 million to $19 million and adjusted EBITDA increased
25.3% to $114 million.  These increases were mainly due to net
revenue increases and efficiency initiatives.  Hold was estimated
to have a positive effect on operating income of approximately $0
million to $5 million relative to our expectation and compared with
the prior year period.

CIE

CIE owns and operates (1) an online games business providing social
and mobile games, (2) regulated online real money gaming and (3)
the WSOP tournaments and brand.

Net revenues for the second quarter of 2016 were $249 million, a
33.9% increase primarily driven by the continued focus on
conversion and monetization of users to increase revenue per user.
Income from operations decreased 63.0% to $20 million and net
income decreased $43 million to a net loss of $4 million mainly due
to an increase in platform fees as a result of higher revenues and
an expense of $66 million for the quarter related to the fair value
adjustment of CIE's stock-based compensation awards.  Adjusted
EBITDA increased 42.9% to $100 million.

CEOC

CEOC owns and operates 19 casinos in the United States and nine
internationally, most of which are located in England, and managed
13 casinos, which included the six CGP casinos and seven casinos
for unrelated third parties.  Effective October 2014, substantially
all of the Company's properties are managed by CES (and the
remaining properties will be transitioned upon regulatory
approval).

CES is a joint venture among CERP, CEOC, and a subsidiary of CGP
that provides certain corporate and administrative services to
their casino properties.

Cash and Available Revolver Capacity

CEC is primarily a holding company with no independent operations,
employees, or material debt issuances of its own.  CEC's primary
assets as of June 30, 2016, consist of $201 million in cash and
cash equivalents and its ownership interests in CEOC, CERP and CGP.
CEC's cash includes $103 million held by its insurance captives.
Each of the subsidiary entities comprising Caesars Entertainment's
consolidated financial statements have separate debt agreements
with restrictions on usage of the respective entity's capital
resources.  CGP is a variable interest entity that is consolidated
by Caesars Entertainment, but is controlled by its sole voting
member, Caesars Acquisition Company ("CAC"). CAC is a managing
member of CGP and therefore controls all decisions regarding
liquidity and capital resources of CGP.  CEOC was deconsolidated
effective January 15, 2015.  CEC has limited cash available to meet
its financial commitments, primarily resulting from significant
expenditures made to defend against litigation related to the CEOC
restructuring and to support a plan of reorganization for CEOC.
While the cash forecast at CEC currently contemplates liquidity to
be sufficient through the end of the year, the CEC cash balance
will be consumed by expenses associated with the CEOC restructuring
unless the Company identifies additional sources of liquidity to
meet CEC's ongoing obligations as well as to meet its commitments
to support the CEOC restructuring.  If CEC is unable to obtain
additional sources of cash when needed, in the event of a material
adverse ruling on one or all of its ongoing litigation matters, or
if CEOC does not emerge from bankruptcy on a timely basis on terms
and under circumstances satisfactory to CEC, it is likely that CEC
would seek reorganization under Chapter 11 of the Bankruptcy Code.

                    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).


CALIFORNIA PIZZA: Moody's Revises Outlook to Pos. & Affirms B3 CFR
------------------------------------------------------------------
Moody's Investors Service revised California Pizza Kitchen, Inc.'s
rating outlook to positive from stable and affirmed the company's
B3 Corporate Family Rating and B2 rating on its $30 million senior
secured revolver and $359 million (outstanding) senior secured term
loan, both due 2018.  At the same time, Moody's assigned a B2
rating to the company's proposed $320 million first lien bank
facility and a Caa2 rating to its proposed $75 million second lien
term loan and upgraded its Probability of Default Rating to B3-PD.
Ratings are subject to review of final documentation.

"The positive rating outlook reflects the benefits from the
proposed refinancing, including relaxed covenants, which provides
CPK the flexibility to continue to grow its restaurant base as well
as an extended maturity schedule", stated Peter Trombetta, an
Analyst at Moody's.  "The positive rating outlook also reflects
Moody's expectations that CPK will continue to profitably open new
stores with average unit volumes in line with recent openings
enabling the company to improve credit metrics to levels that are
indicative of a higher rating by the end of 2017", added
Trombetta.

The proceeds of the proposed $320 million first lien senior secured
bank facility -- consisting of a $30 million 5-year revolver
(expected to be undrawn at closing) and a $290 million 6-year term
loan -- the $75 million senior secured second lien 7-year term
loan, and about $5 million of cash on hand will be used to
refinance the $359 million outstanding under the company's senior
secured term loan due 2018 and to pay fees and expenses.  Moody's
expects to withdraw the ratings on the existing revolver and term
loan when the transaction closes.

Ratings affirmed:

  Corporate Family Rating at B3

Ratings affirmed and to be withdrawn:

  $30 million senior secured revolver due March 2018 at B2 (LGD2)
  $359 million (outstanding) senior secured term loan due March
   2018 at B2 (LGD2)

Rating upgraded:
  Probability of Default Rating to B3-PD from Caa1-PD

Ratings assigned:
  $30 million 5-year first lien senior secured revolver at B2
   (LGD3)
  $290 million 6-year first lien senior secured term loan at B2
   (LGD3)
  $75 million 7-year second lien senior secured term loan at Caa2
   (LGD5)

                    RATINGS RATIONALE

The B3 Corporate Family Rating reflects CPK's modest interest
coverage -- Moody's estimates EBIT/interest of about 1.2x by the
end of 2017 -- small scale and geographic concentration relative to
comparable casual dining concepts (all metrics include Moody's
standard adjustments).  The ratings benefit from CPK's high level
of brand awareness, various strategic initiatives to enhance the
customer experience, success of its new format stores -- with
average unit volumes higher than its average restaurant -- and its
good liquidity pro forma for the proposed transaction.  The company
has reported positive same store sales for each of the past eight
quarters and the success of its new format stores, along with the
positive same store sales, has helped the company improve leverage
to about 5.5x for the latest 12 month period ended July 3, 2016,
from 6.2x at the end of 2013.

The ratings could be upgraded if the company demonstrates continued
positive same store sales performance -- including improving
traffic trends -- with debt/EBITDA sustained below 5.5x and
EBIT/interest expense of about 1.5x.  An upgrade would also require
the company maintains its good liquidity. The ratings could be
downgraded if debt/EBITDA increased to over 6.5x or EBIT/interest
declined to less than 1.0x.  A material deterioration in liquidity
could also pressure the ratings.

California Pizza Kitchen, Inc. is an owner, operator and franchisor
with 273 casual dining restaurants in 31 states and 14 countries.
The company reported revenues of $618 million at
July 3, 2016.

The principal methodology used in these ratings was Restaurant
Industry published in September 2015.


CALIFORNIA RESOURCES: Moody's Lowers CFR to Caa2, Outlook Negative
------------------------------------------------------------------
Moody's Investors Service downgraded California Resources
Corporation's Corporate Family Rating to Caa2 from Caa1 and
Probability of Default Rating to Caa2-PD from Caa1-PD.  A Caa1
rating was assigned to CRC's proposed $700 million senior secured
term loan due 2021.  The ratings on the company's existing secured
first lien revolving credit facility and term loan due 2019 were
affirmed at B1.  The rating on the secured second lien notes was
downgraded to Caa3 from Caa1 and the ratings on the unsecured notes
were downgraded to Ca from Caa3.  The Speculative Grade Liquidity
Rating is affirmed at SGL-4.  The outlook is negative.

Proceeds from the new $700 million term loan due 2021 will be used
to repay $175 million principal amount of the existing term loan
due 2019 and tender for outstanding debt at a discount to par,
thereby reducing debt principal by an estimated $430 million (7% of
total balance sheet debt as of March 31, 2016,).

"While California Resources Corporation's debt exchange reduces
total debt, potentially higher interest expense as a result of
costlier debt, as well as declining production rates amid weak
market conditions will continue to challenge the company's credit
metrics in 2016 and 2017," stated James Wilkins, Moody's Vice
President- Senior Analyst.

This summarizes the ratings.

Issuer: California Resources Corporation, LLC.

Ratings Assigned:
  First Lien, Second Out Term Loan due 2021, Caa1 (LGD3)

Ratings Downgraded:
  Corporate Family Rating, downgraded to Caa2 from Caa1
  Probability of Default Rating, downgraded to Caa2-PD from Caa1-
   PD
  Second lien secured notes due 2022, downgraded to Caa3 (LGD4)
   from Caa1 (LGD4)
  Senior unsecured notes, downgraded to Ca (LGD6) from Caa3 (LGD5)

Ratings Affirmed:
  Senior Secured Bank Credit Facility, affirmed at B1 (LGD2)
  Speculative Grade Liquidity Rating: SGL-4

Outlook Actions:
  Outlook, Negative

                        RATINGS RATIONALE

The downgrade of California Resources' CFR to Caa2 reflects its
high leverage, declining production rates and modest retained cash
flow amid the weak oil and natural gas price environment.  The
company has weak cash flow metrics that have not improved
meaningfully despite the company's efforts to improve the cost
structure, significantly reduce capital spending (from $2.1 billion
in 2014 to less than $100 million in 2016) and transactions to
reduce debt.  If the tender offer is completed, as initially
contemplated, the company will have reduced its balance sheet debt
by $1.1 billion since 30 June 2015, including through the current
tender offer ($430 million reduction), the December 2015 debt for
debt exchange ($563 million), debt for equity exchanges in 2016
($80 million) and modest repayment of debt with free cash flow
without impacting EBITDA generation.  Even so, the company has yet
to achieve its goal of reducing debt by approximately $1.6 billion
to $5 billion by year-end 2016.  CRC has publicly discussed the
potential of monetizing assets in order to reduce debt with
proceeds, but has not announced any significant transactions.  The
company's new term loan will result in greater interest expense, as
did the debt exchange competed in December 2015, but the increase
will not materially impact its credit metrics.

CRC continues to improve its high cost structure (production, taxes
other than on income, SG&A, and interest costs totaled $27.30 per
boe in the first quarter 2016, down from $31.94 per boe in 2015),
however, its weak cash flow will limit the company's ability to
reduce debt.  CRC has built a hedge book that extends through 2018,
but put options cover only 5% of expected 2017 crude oil production
at an average price of $50 per barrel. (Crude oil accounts for 65%
of its production volumes.)  The company has cut capex, but is not
maintaining level production.  Moody's expects production to
continue to decline in 2016 and 2017.  CRC generally has a more
modest decline rate (12-15%) than shale oil producers that have
accounted for much of the oil production growth in the US over the
past five years.

CRC benefits from its large scale and legacy production as one of
the largest operators in California.  The company reported roughly
480 million boe (barrels of oil equivalent) of proved developed
reserves at year-end 2015 and produced 148 mboe per day in the
first quarter 2016.  This scale is larger than oil-focused
Caa1-rated companies.  CRC's mature asset base with a well-defined
and shallow decline rate of approximately 12%-15% is another credit
positive, as is the quality of CRC's reserve base.  The reserves
are well-diversified and have a reserve life index that is longer
than most peers.

CRC's SGL-4 Speculative Grade Liquidity Rating reflects weak
liquidity and Moody's expectation that, in 2017, the company may
not remain in compliance with its revised leverage and interest
coverage ratios under the proposed amendment to the existing credit
agreement.  However, the company has been successful in revising
its financial covenants to provide it adequate flexibility to
operate when needed during 2015-2016.  With the proposed new term
loan issuance, the existing credit agreement's financial covenants
are expected to move to a maximum first lien first out leverage
ratio of 3.5x through June 30, 2017, a minimum interest coverage
ratio of 1.2x through 2017, a minimum PV-10 to first and second out
debt of 1.20x and limit capital expenditures to $125mm in 2016 and
$200mm in 2017.

CRC's liquidity will be supported by its funds from operations and
adequate availability under its borrowing base revolving credit
facility due 2019.  The company had $695 million outstanding on its
revolving credit facility as of March 31, 2016, with unused
availability of $578 million, and expects to have unused
availability of $628 million, pro forma for the tender offer.
Moody's expects the company's revolver to provide sufficient
liquidity in the second half of 2016 and 2017.

The new first lien second out term loan's Caa1 rating is one notch
above the Caa2 CFR in accordance with Moody's Loss Given Default
rating methodology and reflects its priority of claim on assets
following the first lien first out revolving credit facility and
existing term loan, which have B1 ratings, four notches above the
Caa2 CFR.  The second lien notes (rated Caa3) and unsecured notes
(rated Ca) are contractually subordinated in priority of claim to
the new term loan and hence have lower ratings.  The second lien
notes were downgraded to Caa3 from Caa1 as a result of the lower
CFR and increase in more senior debt in CRC's capital structure
following the completion of the new debt issuance and tender
offer.

The negative outlook reflects uncertainty surrounding CRC's ability
to maintain compliance with its financial covenants and maintain
interest coverage metrics supportive of the Caa2 CFR.  The ratings
could be downgraded if CRC appears unable to maintain an interest
coverage ratio greater than 1x, its revolver availability
diminishes materially or the company does not improve its leverage
profile.  The ratings could be upgraded if Moody's expects CRC to
maintain retained cash flow to debt greater than 5% and interest
coverage above 1.2x on a sustainable basis.

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

California Resources Corporation, headquartered in Los Angeles, is
an independent exploration and production company with operations
exclusively in California.  The company was spun out of Occidental
Petroleum in November 2014.


CARLO COPPA: NJ Appeals Court Revives Malpractice Suit
------------------------------------------------------
Bill Wichert, writing for Bankruptcy Law360, reported that a New
Jersey state appeals court on Aug. 2 ruled that an attorney must
face a legal malpractice lawsuit, saying a lower court had erred in
dismissing the complaint when finding that her former client lacked
standing because the underlying litigation had been listed as an
asset in his bankruptcy petition.  The two-judge appellate panel
reversed a 2015 ruling dismissing Carlo Coppa's lawsuit against
attorney Vivian Demas.


CASPIAN SERVICES: Extends Maturity of Baiseitov Note to 2017
------------------------------------------------------------
Caspian Services, Inc. and Bakhytbek Baiseitov agreed to amend the
Secured Non-Negotiable Promissory Note, as amended, and the Secured
Convertible Consolidated Promissory Note, as amended, held by
Baiseitov to extend the maturity date of each Note from
June 30, 2016, to June 30, 2017.   As of the quarter ended
March 31, 2016, the aggregate amount owed by the Company to
Baiseitov pursuant to the Non-Negotiable Note and the Consolidated
Note was approximately $49,980,000.  The Non-Negotiable Note is
convertible to common stock of the Company at a price of $0.12 per
share.  The Consolidated Note is convertible to common stock of the
Company at a price of $0.10 per share.

                     About Caspian Services

Headquartered in Salt Lake City, Caspian Services, Inc., was
incorporated under the laws of the state of Nevada on July 14,
1998.  Since February 2002 the Company has concentrated its
business efforts to provide diversified oilfield services to the
oil and gas industry in western Kazakhstan and the Caspian Sea,
including providing a fleet of vessels, onshore, transition zone
and marine seismic data acquisition and processing services and a
marine supply and support base in the port of Bautino, in Bautino
Bay, Kazakhstan.

Caspian reported a net loss of $33.2 million on $16.4 million of
total revenues for the year ended Sept. 30, 2015, compared to a net
loss of $18.8 million on $29.9 million of total revenues for the
year ended Sept. 30, 2014.  As of March 31, 2016, the Company had
$33.38 million in total assets, $114.33 million in total
liabilities, all current, and a total deficit of $80.94 million.

Haynie & Company, P.C., in Salt Lake City, Utah, the Company's
independent accounting firm, included a "going concern"
qualification in its report on the consolidated financial
statements for the year ended Sept. 30, 2015.


CHIEFTAIN METALS: Provides Update on Forbearance Agreement
----------------------------------------------------------
Chieftain Metals Corp. on Aug. 2, 2016, provided an update on the
status of its forbearance agreement and strategic review.

On May 10, 2016, Chieftain Metals Corp., its wholly owned
subsidiary, Chieftain Metals Inc. and an investment fund advised by
West Face Capital Inc. ("West Face") entered into a Forbearance
Agreement pursuant to which West Face agreed not to exercise its
rights under its security that became enforceable on March 31, 2016
until Aug. 2, 2016.  Chieftain is continuing to explore
alternatives as to the best way forward to maximize value for all
stakeholders.

The strategic review process is well underway and that responses to
date have been encouraging from providers of the various components
of the project financing structure.  The objective of the strategic
review is to unlock value for all stakeholders by pursuing
alternatives including project financing, entering into a joint
venture with a suitable project partner, sale of a project interest
or other project investment.  The Tulsequah project is a
construction ready, permitted, high grade, polymetallic project
with one of the lowest operating costs and camp scale exploration
potential.

                         About Chieftain

Chieftain Metals Corp. is a public holding company, whose principal
business is the acquisition, exploration and development of mineral
properties.  Chieftain's business has focused on the development of
the Tulsequah Chief deposit located in north-western British
Columbia, Canada.  Chieftain's properties consist of 65 mineral
claims and Crown-grants covering approximately 32,722 hectares
including two previously producing mines.


CITICARE INC: McMurray to File 18th Period Report on Aug. 16
------------------------------------------------------------
Daniel T. McMurray, the Patient Care Ombudsman for Citicare, Inc.,
will be filing his electronic 18th periodic written Ombudsman
Report on August 16, 2016, with the United States Bankruptcy Court
for the Southern District of New York.

To get a copy of the Report, contact:

      Stephanie Gibbons, Legal Assistant
      NEUBERT, PEPE & MONTEITH, P.C.
      195 Church Street, 13th Floor
      New Haven, Connecticut 06510
      Telephone: 203-821-2000
      Email: sgibbons@npmlaw.com

                       About Citicare, Inc.

Citicare, Inc., is a New York Corporation providing comprehensive
primary and specialty care to medically underserved communities.
It
operates from its premises  located at 154 West 127th Street in
the
borough of Manhattan, City of New York.  The company's health care
facility provided services to 5,500 unique patients and generated
25,000 visits in the year ending Dec. 31, 2014.

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

The Debtor is represented by Gabriel Del Virginia, Esq., at the
Law
Offices Of Gabriel Del Virginia, in New York.

As the Debtor is in the healthcare business, on Sept. 12, 2013 a
patient care ombudsman was appointed under Section 333(a)(1) of
the
Bankruptcy Code.

No trustee or examiner has been appointed in the case, and no
official committee of unsecured creditors has been appointed.


CJ HOLDING: U.S. Trustee Forms 5-Member Committee
-------------------------------------------------
U.S. Trustee Judy A. Robbins appointed on Aug. 2 five creditors to
serve on the official committee of unsecured creditors in the
Chapter 11 case of CJ Holding Co., et al.

The committee members are:

     (1) GEODynamics, Inc.
         Attn: Durg Kumar
         10500 West Interstate 20
         Millsap, TX 76066
         Tel: (281) 297-5665
         E-mail: durg.kumar@perf.com

     (2) Global Tubing, LLC
         Attn: Neal A. Lux
         501 County Road 493
         P.O. Drawer 2139
         Dayton, TX 77535-2139
         Tel: (713) 265-5000
         Fax: (713) 265-5099
         E-mail: nlux@global-tubing.com

     (3) Specialty Welding & Machine
         Attn: Dawna Mauldin
         P.O. Box 1794
         Pampa, TX 79066
         Tel: (806) 665-8747
         Fax: (806) 665-0358
         E-mail: dawna.mauldin@swmtx.com

     (4) Owen Oil Tools LP
         Attn: Mark D. Tattoli
         6316 Windfern Road
         Houston, TX 77040
         Tel: (713) 328-2105
         Fax: (713) 328-2152
         E-mail: mark.tattoli@corelab.com

     (5) Hunting Titan, Inc.
         Attn: Nathan Bailey
         11785 Highway 152
         P.O. Box 2316
         Pampa, TX 79065-2316
         Tel: (806) 665-3781
         E-mail: nathan.bailey@hunting-intl.com

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

                          About 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.

C&J Energy Services Ltd. and 14 of its subsidiaries, including CJ
Holding Co. (Bankr. S.D. Tex. Case No. 16-33590), 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.


CLARCONA PRE SCHOOL: Gets Approval of Plan to Exit Bankruptcy
-------------------------------------------------------------
A U.S. bankruptcy judge approved Clarcona Pre School, Inc.'s plan
to exit Chapter 11 protection.

Judge Karen Jennemann of the U.S. Bankruptcy Court for the Middle
District of Florida gave the thumbs-up to the restructuring plan
after finding that it satisfies the requirements for confirmation
under section 1129(a) of the Bankruptcy Code.  In the same filing,
the bankruptcy judge also gave approval to the disclosure statement
detailing the plan.  

Clarcona Pre School, Inc. (Bankr. M.D. Fla. Case No. 15-10366)
filed a Chapter 11 Petition on December 11, 2015.  The case is
assigned to Judge Karen S. Jennemann.  The Debtor is represented by
Jeffrey Ainsworth, Esq., at Bransonlaw PLLC.


CRYOPORT INC: Annual Shareholders Meeting Set for Sept. 14
----------------------------------------------------------
The Board of Directors of Cryoport, Inc. has established Sept. 14,
2016, as the date of the Company's 2016 annual meeting of
stockholders.  Because the date of the 2016 Annual Meeting has been
changed by more than 30 days from the date of the one-year
anniversary of the Company's 2015 annual meeting of stockholders,
the Company has set a new deadline for submission of stockholder
proposals pursuant to Rule 14a-8 under the Securities Exchange Act
of 1934, as amended, intended to be included in the Company's proxy
materials for the 2016 Annual Meeting.  

Stockholders who wish to have a proposal considered for inclusion
in the Company's proxy materials for the 2016 Annual Meeting
pursuant to Rule 14a-8 must ensure that such proposal is received
by the Secretary of the Company at the Company's corporate
headquarters at: Cryoport, Inc., ATTN: Secretary, 17305 Daimler
Street, Irvine, CA 92614, on or before the close of business on
Aug. 15, 2016.  Any such proposal must also comply with the rules
and regulations of the Securities and Exchange Commission under
Rule 14a-8 in order to be eligible for inclusion in the proxy
materials for the 2016 Annual Meeting.

In addition, in accordance with the Company's Amended and Restated
Bylaws, the deadline for stockholders who wish to bring business
before the 2016 Annual Meeting outside of Rule 14a-8 of the
Exchange Act was not changed because the 2016 Annual Meeting is
being convened less than 60 days prior to the date of the one-year
anniversary of the 2015 Annual Meeting.

                           About Cryoport

Lake Forest, Calif.-based CryoPort, Inc. (OTC BB: CYRX) provides
comprehensive solutions for frozen cold chain logistics, primarily
in the life science industries.  Its solutions afford new and
reliable alternatives to currently existing products and services
utilized for bio-pharmaceuticals and biologics, including in-vitro
fertilization, cell lines, vaccines, tissue and other commodities
requiring a reliable frozen solution.

Cryoport reported a net loss attributable to common stockholders of
$15.05 million on $5.88 million of revenues for the year ended
March 31, 2016, compared to a net loss attributable to common
stockholders of $12.19 million on $3.93 million of revenues for the
year ended March 31, 2015.

As of March 31, 2016, Cryoport had $5.82 million in total assets,
$2.72 million in total liabilities and $3.09 million in total
stockholders' equity.

KMJ Corbin & Company LLP, in Costa Mesa, California, issued a
"going concern" qualification on the consolidated financial
statements for the year ended March 31, 2016, citing that
the Company has recurring operating losses from inception and has
used substantial amounts of working capital in its operations.
Although the Company has cash and cash equivalents of $2.8 million
at March 31, 2016, management has estimated that cash on hand will
only be sufficient to allow the Company to continue its operations
through the third quarter of fiscal 2017.  These matters raise
substantial doubt about the Company's ability to continue as a
going concern.


CRYSTAL LAKE: Wants to Use Pentucket Bank Cash Collateral
---------------------------------------------------------
Crystal Lake Golf Club LLC asks the U.S. Bankruptcy Court for the
District of Massachusetts for authorization to use the cash
collateral of its secured lender, Pentucket Bank.

The Debtor owns and operates an 18-hole golf course known as the
Crystal Lake Golf Club, located at 890 North Broadway, Haverhill,
Massachusetts.

The Debtor is indebted to Pentucket Bank in the amount of
$1,451,257, of which, $53,239 is in arrears.  

The Debtor intends to use the cash collateral to operate and
maintain, in the normal course of business and in accordance with a
proposed budget.  It wants authorization to utilize all proceeds
generated through the Debtor's ownership and operation of the Golf
Club, including cash on hand as of the Petition Date and all
postpetition collections of memberships, greens fees, rentals and
other income, in the operation of the Golf Club.  

The Budget covers a period beginning August 2016 and ending July
2017.  The Budget provides for total projected expenses in the
amount of $98,560 for the months of August 2016 through October
2016.

The Debtor proposes to pay monthly principal and interest payments
in the amount of $10,818 to Pentucket Bank, plus an amount for real
estate taxes sufficient to keep the post-petition real estate taxes
current until confirmation of a plan of reorganization.  The Debtor
further proposes, as additional adequate protection for  any
diminution in the value of Pentucket's prepetition collateral
resulting from the Debtor's post-petition use of Pentucket's cash
collateral, that Pentucket be granted postpetition replacement
liens  in those assets generated in the postpetition period that
would have, absent the Chapter 11 filing, constituted collateral
subject to such Pentucket's perfected, prepetition liens and
security interests, which Post-petition Liens will have the same
priority as Pentucket's prepetition liens.

The Debtor relates that unless it is authorized to use cash
collateral, the Debtor will be unable to continue business
operations and perform its obligations to Pentucket Bank, the
Debtor’s employees, and vendors.  The Debtor further relates that
this will result in all parties suffering significant harm and
irreparable economic loss.

A full-text copy of the Debtor's Motion, dated Aug. 1, 2016, is
available at https://is.gd/UEgnD5

A full-text copy of the Debtor's proposed Budget, dated August 1,
2016, is available at https://is.gd/Dkm0M9

                About Crystal Lake Golf Club

Crystal Lake Golf Club, LLC filed a chapter 11 petition (Bankr. D.
Mass. Case No. 16-41324) on July 27, 2016.  The petition was signed
by Michael J. Maroney, managing member.  The Debtor is represented
by Richard A. Mestone, Esq., at Mestone & Associates LLC.  The case
is assigned to Judge Christopher J. Panos.  The Debtor estimated
assets at $500,000 to $1 million and liabilities at $1 million to
$10 million at the time of the filing.


CYMA CLEANING: Unsecured Trade Claims to Get 3% Under Plan
----------------------------------------------------------
CYMA Cleaning Contractors, Inc., Innova Industrial Contractor,
Inc., Handy Man Services, Inc., and Ambitek Industrial Contractors,
Inc., filed with the U.S. Bankruptcy Court for the District of
Puerto Rico filed a supplement to their disclosure statement
including proposed payments under their plan of reorganization and
reorganization plan cash flow forecast for years one to seven of
the plan.

According to the supplement, the allowed unsecured priority claims
from employees (Class 7) will be paid in monthly cash payments, in
full, plus interest at 3.25% in a term not to exceed five years
from the entry of the order of relief.

The allowed unsecured claims of governmental units (Class 8) and
the allowed unsecured claims from banking institutions (Class 9)
will receive a 3% payment of the allowed amount in 84 monthly
installments.  The Debtors' allowed liability to Class 8 is
estimated in the amount of $210,744.  The Debtors' allowed
liability to Class 9 is estimated in the amount of $282,699.

The allowed unsecured trade claims (Class 10) will receive a 3%
payment of the allowed amount on effective date.  The Debtors'
allowed liability to Class 10 is estimated in the amount of
$99,359.

A full-text copy of the Supplement dated Aug. 1, 2016, is available
at:

           http://bankrupt.com/misc/prb15-06582-142.pdf

CYMA Cleaning Contractors, Inc. (Bankr. D.P.R., Case No. 15-06582),
Innova Industrial Contractor, Inc. (Bankr. D.P.R., Case No.
15-06584), and Handy Man Services, Inc. (Bankr. D.P.R., Case No.
15-06585), filed Chapter 11 Petitions on August 27, 2015.

The Debtors' counsel is Mary Ann Gandia-Fabian, Esq., at
Gandia-Fabian Law Office, in San Juan, Puerto Rico.

At the time of filing, CYMA Cleaning had $500,000 to $1.0 million
in estimated assets and $1.0 million to $10.0 million in estimated
liabilities; Innova Industrial had $100,000 to $500,000 in
estimated assets and $50,000 to $100,000 in estimated liabilities;
and Handy Man Services had $100,000 to $500,000 in estimated assets
and $1.0 million to $10.0 million in estimated liabilities.

The petition was signed by Ivelisse Gonzalez Rodriguez, president,
CYMA Cleaning Contractors.


D.A.B. GROUP: Court to Take Up Exit Plan on August 18
-----------------------------------------------------
A U.S. bankruptcy judge will consider approval of the Chapter 11
plan of reorganization proposed by the bankruptcy trustee of D.A.B.
Group LLC at a hearing on August 18.

Judge Shelley Chapman of the U.S. Bankruptcy Court for the Southern
District of New York will also consider at the hearing the final
approval of the disclosure statement, which she conditionally
approved on July 21.

The July 21 order set an August 11 deadline for creditors to cast
their votes and file their objections.

Ronald Friedman, the Chapter 11 trustee, on July 21 filed the
restructuring plan that will serve as the mechanism for
distributing to creditors the proceeds from the sale of D.A.B.
Group's real property and other assets in New York, and certain
other potential sources of funds.

Under the plan, each general unsecured creditor in Class 5 will
receive a pro rata share of the so-called recovery fund, which will
initially consist of $1.5 million of the sale proceeds.

Class 5 claims are impaired and holders of these claims eligible to
vote on the plan, according to the disclosure statement detailing
the plan.

A copy of the disclosure statement is available for free at
http://bankrupt.com/misc/DABGroup_DS07212016.pdf

                       About D.A.B. Group

D.A.B. Group LLC, owner of a stalled 16-story Allen Street Hotel
project in Orchard Street, New York, sought Chapter 11 protection
(Bankr. S.D.N.Y. Case No. 14-12057) in Manhattan on July 14, 2014,
to pursue a prompt sale of the property.  The case is assigned to
Judge Shelley C. Chapman.

The property has been in the hands of a receiver since July 18,
2011.  Simon J.K. Miller, of Blank Rome LLP, serves as receiver.

J. Ted Donovan, Esq., at Goldberg Weprin Finkel Goldstein LLP, in
New York, serves as counsel to the Debtor.

DAB Group said in a court filing that its property is contiguous
to the commercial property owned by its affiliate, 77-79 Rivington
Street Realty LLC (Bankr. S.D.N.Y. Case No. 14-10339).
Accordingly, DAB's Chapter 11 case is being filed as a related
proceeding.

                           *     *     *

Orchard Hotel LLC and Orchard Construction LLC filed a motion
asking the Court to convert D.A.B. Group LLC's Chapter 11 case to
a case under Chapter 7 or alternatively to appoint a Chapter 11
trustee for the Debtor.  To resolve the motion, the Debtor agreed
to withdraw its proposed Chapter 11 plan and consented to the
appointment of a Chapter 11 trustee.

On Nov. 16, 2015, the Office of the United States Trustee
appointed
Ronald J. Friedman, Esq., as Chapter 11 Trustee of D.A.B. Group.
Mr. Friedman tapped his own firm, SilvermanAcampora LLP, as his
attorney in the Chapter 11 case.

Mr. Friedman only serves as the Chapter 11 Trustee of D.A.B. Group.
77-79 Rivington continues to serve as debtor-in-possession.


DEL MONTE: Moody's Lowers CFR to B3 & Revises Outlook to Negative
-----------------------------------------------------------------
Moody's Investors Service, Inc., on Aug. 2, 2016, downgraded credit
ratings of Del Monte Foods, Inc., including its Corporate Family
Rating to B3 from B2; Probability of Default Rating to B3-PD from
B2-PD; first-lien senior secured debt rating to B3 from B2; and
second-lien senior secured debt rating to Caa2 from Caa1.  Moody's
also assigned a SGL-3 Speculative Grade Liquidity rating.  Finally,
Moody's revised the rating outlook to negative from stable.

                         RATING RATIONALE

The ratings downgrades reflect Del Monte Foods' sustained high
financial leverage, declining sales volume of the U.S. canned
fruits and vegetable category, and high integration risk related to
the recently acquired Sager Creek Vegetable Company ("Sager Creek,"
formerly Allens, Inc.) that continues to generate operating losses.
The lowered ratings also reflect a more aggressive financial
policy than we previously had anticipated, especially in respect of
the company's commitment to reduce financial leverage.  The
company's credit profile is supported by the strength of the Del
Monte brand, which holds leading shares in core shelf stable fruit
and vegetable categories.  The ratings also are supported by the
company's "covenant-lite" structure of the bank term loans that
reinforces an adequate liquidity profile.

The negative outlook reflects a track record of unfavorable
operating performance relative to our expectations that raises
uncertainty about future results, and a weakened liquidity profile
due to elevated inventory levels and large near-term debt
maturities of parent company Del Monte Pacific Limited.  Moreover,
the Campos family controlled parent company has not been as
materially positive an influence on Del Monte's governance or
overall credit profile as we had expected.

"Since the 2014 LBO, Del Monte's debt/EBITDA has remained above 7.5
times, a level which we have previously said would likely lead to a
downgrade," commented Brian Weddington.  "While the sustained high
leverage is mostly due to the unexpected acquisition and subsequent
operating losses of Sager Creek, the core consumer business also
has underperformed relative to our expectations," added
Weddington.

Del Monte generated approximately $150 million of EBITDA in fiscal
year April 2016, which was short of Moody's expectation for at
least $165 million, due largely to losses at Sager Creek.  In
fiscal 2017, Moody's believes that EBITDA could again reach
$150 million, which, assuming significant inventory reductions go
as planned, should allow Del Monte to reduce debt/EBITDA below 7.0
times by the end of the year.  However, Moody's cautions that this
scenario carries significant execution risk, including potentially
negative variances related to the ongoing Sager Creek integration,
which is reflected in Moody's negative outlook.

Del Monte Foods, Inc.:

Ratings downgraded:
  Corporate Family Rating to B3 from B2;
  Probability of Default Rating to B3-PD from B2-PD;
  $694 million first-lien senior secured term loan due 2021 to B3
   (LGD 4) from B2 (LGD 3);
  $260 million second-lien senior secured term loan due 2021 to
   Caa2 (LGD 5) from Caa1 (LGD5).

Ratings assigned:
  Speculative Grade Liquidity rating at SGL-3.

The rating outlook is revised to negative from stable.

Moody's rates $954 million of debt instruments at Del Monte Foods:
a $694 million 7-year senior secured first-lien term loan due
February 18, 2021 rated B3, and a $260 million 7.5-year senior
secured second-lien term loan due Aug. 18, 2021, rated Caa2.  As of
May 2016, the company also had $225 million outstanding under a
$400 million 5-year asset backed revolving credit facility ("ABL")
terminating on Feb. 18, 2019, that is not rated by Moody's.

The U.S. canned fruit and vegetable category has been losing sales
volume in recent years as consumer trends have shifted to fresher
foods.  In addition, Del Monte has lost business to pricing this
past year as rising supply has invited more price competition from
private label and others.  Del Monte is still in the process of
turning around still-troubled Sager Creek, a canned vegetable
business that emerged in 2014 from the bankruptcy of Allens, Inc.
Del Monte purchased Sager Creek a year ago for $75 million using
borrowings under its ABL.

The rating outlook could return to stable if Del Monte is able to
generate at least $150 million of EBITDA in fiscal 2017 and reduce
leverage to below 8.0 times.

The ratings could be downgraded if debt/EBITDA is sustained above
8.5 times, EBITA/cash interest falls below 1.0 times or liquidity
deteriorates.  Del Monte Foods' ratings could be upgraded if the
company is able to stabilize its core operating performance and
sustain debt/EBITDA below 7.0 times.

Headquartered in San Francisco, California, Del Monte Foods, Inc.
is a manufacturer and marketer of branded and private label food
products for the US and South American retail market.  Its brands
include Del Monte in shelf stable fruit, vegetable and tomatoes;
Contadina in tomato based products; College Inn in broth products;
and S&W in shelf stable fruit, vegetable and tomato products.  Del
Monte Foods' annual sales approximate $1.8 billion.

Del Monte Foods was acquired by Del Monte Pacific Ltd in February
2014 for $1.7 billion.  DMPL invested about $700 million of cash
equity in Del Monte Foods to fund the transaction that was funded
mostly through bridge loans, $350 million of which comes due in
February 2017.  DMPL and its subsidiaries are not affiliated with
other "Del Monte" companies, including Del Monte Corporation, Fresh
Del Monte Produce. Inc., Del Monte Canada, Del Monte Asia Pte Ltd
and these companies' affiliates.  DMPL is 67%-owned by NutriAsia
Pacific Ltd and Bluebell Group Holdings Limited.  Both entities are
owned by the NutriAsia Group of Companies which is majority-owned
by the Campos family of the Philippines.

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


DENNIS LEROY SCHEFFER: Sale of Property to Fund Ch. 11 Plan
-----------------------------------------------------------
Dennis LeRoy Scheffer filed with the U.S. Bankruptcy Court for the
Western District of Washington a Chapter 11 plan and disclosure
statement, which will be funded with the proceeds from the sale of
his property, income from his business, and social security.

Specifically, the Debtor will sell his property located at 2909
Massey Road, in Everson, Washington, for $600,000, which should
close on or about September 30, 2016. The Debtor also receives
income from Fraser Sand and Gravel, Inc., and social security. The
Debtor will retain the Assets of the estate and will pay ordinary
living expenses and operating expenses for his business from the
income of Fraser Sand and Gravel and his social security.

Class 4(a) - Smaller Unsecured Claims will get 100% of the allowed
unsecured claim of $100 or less and any allowed unsecured claim
larger than $100 but whose holder agrees to reduce its claim to
$100.  Each member of Class 4(a) will receive on the Effective Date
(or as soon as practicable thereafter) a single payment equal to
100% of the allowed claim. Class 4(a) is unimpaired and not
entitled to vote on the plan.

The class of all allowed unsecured claims not in Class 4(a) will be
paid 100% of its claim from the proceeds of the sale of 2909 Massey
Road.  This class, Class 4(b), is impaired and entitled to vote on
confirmation of the Plan.

Fraser Sand and Gravel has a fleet of large trucks that are used to
haul rock and refrigerated freight and miscellaneous other heavy
equipment that are used for excavation and dredging.

A full-text copy of the Disclosure Statement dated Aug. 1, 2016, is
available at http://bankrupt.com/misc/flsb15-28287-207.pdf

Dennis LeRoy Scheffer filed a Chapter 11 petition (Bankr. W.D.
Wash. Case No. 15-13327) on May 29, 2015.

The Debtor is represented by:

     Steven C. Hathaway, Esq.
     P.O. Box 2147
     Bellingham, WA 98227
     Tel: (360) 676-0529


DISH NETWORK: Moody's Rates New $2.5BB Convertible Notes Ba3
------------------------------------------------------------
Moody's Investors Service, on Aug. 3, 2016, assigned a Ba3 (LGD5)
rating to DISH Network Corporation's ("DISH") new $2.5 billion
convertible notes due 2026. The notes offering includes a
green-shoe option, allowing the company to issue an additional $500
million of convertible notes within the next 30 days if there is
demand. Proceeds from the notes issuance will be used for general
corporate purposes, which may include wireless and spectrum-related
strategic transactions. The new notes are unsecured obligations
issued by the parent, DISH, and are not guaranteed by the company's
subsidiaries. Today's rating assignment will not impact DISH's Ba3
Corporate Family rating (CFR), Ba2-PD Probability of Default rating
or DISH's pay-TV subsidiary, DISH DBS's Ba3 senior unsecured debt
rating, but it does weekly position those ratings. Moody's said,
"We believe that the company is committed to returning total
leverage, including the convertible debt to levels (under 4.75x
with Moody's standard adjustments assuming no material
deterioration in subscriber trends) commensurate with the Ba3
ratings by the end of 2017." The company's Speculative Grade
Liquidity rating is SGL-3 and the rating outlook remains stable.

Assignments:

-- Issuer: Dish Network Corporation

-- Senior Unsecured Conv./Exch. Bond/Debenture due 2026, Assigned

    Ba3 (LGD5)

RATINGS RATIONALE

Moody's said, "The notes are not guaranteed by any of DISH's
subsidiaries and accordingly rank junior to the liabilities of
DISH's current and future operating subsidiaries. Therefore the new
convertible notes are structurally subordinated to DISH DBS's
senior unsecured liabilities, including its $14.1 billion senior
unsecured notes. However, the Ba3 rating on the convertible notes
reflects a one notch upward override from our Loss Given Default
model implied rating, given our view that since these notes are
issued by the parent, they have a broader claim on the company's
assets, and in particular on the significant value of DISH's
unencumbered spectrum assets, to which DISH DBS's debt holders have
no legal recourse. We estimate that the value of these assets
represents well over half of the company's enterprise value. Based
on the current capital structure, the new convertible notes
represent the only debt in the family that would have an unsecured
claim on the equity in these spectrum assets in a bankruptcy or
liquidation scenario. Moody's notes that as long as the spectrum
assets are unencumbered and are not legally contributed to the DISH
DBS credit, the convertible debt will continue to benefit from
DISH's equity interest in these assets. An issuance of debt at the
undeveloped spectrum assets subsidiaries would likely structurally
subordinate the new converts and negatively impact that credit
rating. If such debt were serviced by DISH DBS cash flows, it could
also impact the Ba3 CFR and notes ratings as well."

DISH is the third largest pay television provider in the United
States, operating satellite services with approximately 13.6
million subscribers as of 6/30/2016.


DISH NETWORK: Moody's Retains Ba3 CFR on $2BB Debt Issuance
-----------------------------------------------------------
Moody's Investors Service, on Aug. 2, 2016, said that DISH Network
Corporation's announcement that it plans to offer $2 billion of
convertible notes (with an option to purchase up to an additional
$400 million aggregate principal amount of the notes) negatively
impacts the company's credit standing but will not impact its Ba3
Corporate Family Rating or its wholly owned subsidiary, DISH DBS
Corporation's Ba3 senior unsecured debt rating.  The net proceeds
of the offering are intended to be used for general corporate
purposes, which may include wireless and spectrum-related strategic
transactions.  The new convertible notes will be unsecured
obligations of DISH.  Upon any conversion, DISH Network will settle
its conversion obligation in cash, shares of its Class A Common
Stock, or a combination of cash and shares of its Class A Common
Stock, at its election.

The convertible notes will be ranked lower in priority to the DISH
DBS senior unsecured notes when looking to the pay-TV assets
residing within the DISH DBS restricted group, due to structural
subordination.  However, DISH is also the holding company for the
company's significant wireless spectrum holdings, for which DISH
DBS debt holders have no legal recourse.  The new converts
negatively affect the credit due to their debt-like
characteristics, and because we believe they add to the DISH DBS
debt burden, given that DISH DBS is the only material cash flow
generating business within the DISH family.  Moody's expects that
short of a sale or cash flowing arrangement for the spectrum
holdings, DISH DBS's cash flow will be used to service the interest
on the new debt and even to settle with cash upon conversion.  As a
result, Moody's believes that it adds to the company's serviceable
debt leverage.  Moody's downgrade trigger for DISH DBS is 4.75x
debt-to-EBITDA (including Moody's standard adjustments).  Moody's
believes that the convertible debt will push the company's leverage
over that mark by around 0.2x to 0.3x. This means that the company
is very weakly positioned for its Ba3 ratings.  Moody's do not
anticipate further debt issuance at DISH DBS. However, DISH still
has contingent exposure related to the AWS-3 spectrum auction
(potentially up to $3 billion).  Cash flow trends at the company
are flat to increasing slightly, and the company has recently been
losing subscribers at a pace which implies that the company has
reached a post maturity phase, and which may further pressure
financial flexibility.

The reason for holding the company's ratings and outlook lies with
the optionality that DISH has regarding its valuable spectrum
holdings, which in our view represent a sizable portion of the
company's enterprise value and are unencumbered.  While DISH DBS
note holders have no recourse to those holdings, we believe that
they represent additional financial flexibility and potential for
liquidity for management.  There is risk that those assets could be
spun off or sold with the benefit accruing entirely to
shareholders.  But it is also possible that they are legally
contributed to the DISH DBS credit or the cash flow or sales
proceeds are applied to reduce debt.  Moody's believes that as long
as they are unencumbered, leverage is close or under our downgrade
leverage trigger and optionality remains, the company can sustain
the Ba3 CFR.  If leverage climbs, subscribers defect at a growing
pace or if the spectrum assets are fully encumbered or separated
from DISH, then the CFR is likely to be downgraded to the B level.

When looking at the DISH DBS pay-TV business, and the current free
cash flow to debt of around 9%, and a business in decline, the
growing debt levels are of concern as the business is likely to
face more challenges over the next decade.  The company has about
$900 million in maturities in 2017, which Moody's expects will be
repaid from free cash flow.  Moody's also believes that leverage
will come back in line over the next 12 months, short of any
further unexpected increase in the subscriber loss trends.


DOVER DOWNS: Posts $796,000 Net Earnings for Second Quarter
-----------------------------------------------------------
Dover Downs Gaming & Entertainment, Inc., filed with the Securities
and Exchange Commission its quarterly report on Form 10-Q
disclosing net earnings of $796,000 on $46.22 million of revenues
for the three months ended June 30, 2016, compared to net income of
$631,000 on $45.3 million of revenues for the same period in 2015.

For the six months ended June 30, 2016, the Company reported net
earnings of $557,000 on $90.9 million of revenues compared to net
earnings of $279,000 on $89.6 million of revenues for the six
months ended June 30, 2015.

As of June 30, 2016, Dover Downs had $167 million in total assets,
$51.1 million in total liabilities, and $116 million in total
stockholders' equity.

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

                     https://is.gd/aiAkB9

                       About Dover Downs

Owned by Dover Downs Gaming & Entertainment, Inc. (NYSE: DDE),
Dover Downs Hotel & Casino(R) is a gaming and entertainment resort
destination in the Mid-Atlantic region.  Gaming operations consist
of approximately 2,500 slots and a full complement of table games
including poker.  The AAA-rated Four Diamond hotel is Delaware's
largest with 500 luxurious rooms/suites and amenities including a
full-service spa/salon, concert hall and 41,500 sq. ft. of multi-
use event space.  Live, world-class harness racing is featured
November through April, and horse racing is simulcast year-round.
Professional football parlay betting is accepted during the
season.  Additional property amenities include multiple
restaurants from fine dining to casual fare, bars/lounges and
retail shops.  Visit http://www.doverdowns.com/       

The Company's auditors, KPMG LLP, in Philadelphia, Pennsylvania,
issued a "going concern" qualification on the consolidated
financial statements for the year ended Dec. 31, 2015, citing that
the Company's credit facility expires on Sept. 30, 2016, and at
present no agreement has been reached to refinance the debt.


E Z MAILING: Taps SM Law as Special Counsel
-------------------------------------------
E Z Mailing Services, Inc., et al., seek authorization from the
Hon. Stacey L. Meisel of the U.S. Bankruptcy Court for the District
of New Jersey to employ SM Law PC as special counsel.

The professional service that SM Law will provide is to pursue
collection claims.

The Debtors require SM Law to provide:

   (a) review of initial claims and supporting documentation;

   (b) institution of suit by filing of Complaint;

   (c) Court appearances;

   (d) any and all written correspondence and communications;

   (e) preparation and filing of pleadings and other legal
       documents; and

   (f) post-judgment collection attempts.

SM Law will be compensated 40% of any and all monies collected plus
reimbursement for out of pocket costs.

Steven Mitnick, partner of SM Law, 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.

SM Law can be reached at:

       Steven Mitnick, Esq.
       SM LAW PC
       49 Old Turnpike Road
       P.O. Box 530
       Oldwick, NJ 08858
       Tel: (908) 572-7275
       Fax: (908) 572-7271
       E-mail: smitnick@sm-lawpc.com

                  About E Z Mailing Services

E Z Mailing Services Inc. and United Business Freight Forwarders
are transportation logistics companies whose customers include
Macy's, Walmart, JC Penny and Forever 21.

After primary lender PNC Bank declared a default and demanded
immediate payment of $4.2 million, which resulted to a customer
freezing payment, E Z Mailing and UBFF filed Chapter 11 bankruptcy
petitions (Bankr. D.N.J. Case Nos. 16-10615 and 16-10616,
respectively) on Jan. 13, 2016.  Ajay Aggarwal, the president,
signed the petitions.  The Debtors each estimated assets and
liabilities in the range of $10 million to $50 million.  Judge
Stacey L. Meisel presides over the cases.

Porzio, Bromberg & Newman, PC, serves as counsel to the Debtors.

Bederson LLP's Edward Bond is serving as CRO and crisis manager of
the Debtors.


ECLIPSE RESOURCES: Incurs $73 Million Net Loss in Second Quarter
----------------------------------------------------------------
Eclipse Resources Corporation reported a net loss of $73.01 million
on $47.06 of total revenues for the three months ended June 30,
2016, compared to a net loss of $41.97 million on $74.5 million of
total revenues for the three months ended June 30, 2015.

For the six months ended June 30, 2016, the Company reported a net
loss of $114 million on $96.7 million of total revenues compared to
a net loss of $76.07 million on $118 million of total revenues for
the same period last year.

As of June 30, 2016, Eclipse had $1.10 billion in total assets,
$590 million in total liabilities and $510 million in total
stockholders' equity.

Benjamin W. Hulburt, chairman, president & CEO, commented on the
Company's 2016 strategic plans, "After completing our recent equity
offering, recommencing our drilling and completion activities in
our Dry Gas Utica Shale acreage and completing our drilled
uncompleted wells in our Lean Condensate Utica Shale area, we have
transitioned back to a growth-oriented Company with a well-funded
business plan, reduced commodity price exposure through our active
hedging program, and leading technical and operational team.  While
we remain cautious, we are increasingly optimistic about industry
fundamentals and are excited to restart our drilling program,
albeit at a measured and methodical pace. Additionally, with the
improvement in commodity prices over the last six months, we have
made the decision to begin the process of ceasing our voluntary
curtailment approach and as of the beginning of August, we are
commencing the gradual process of transitioning our producing wells
back to rates consistent with our type curve pressure-managed
approach.  Given this change of plan, along with the recommencement
of DUC well completions, we have updated our production
expectations and expect to see robust production growth over the
remainder of the year and into 2017.  We are pleased to move our
full year guidance for 2016 up further than what we had previously
planned.  We continue to anticipate substantial growth in 2017,
which we expect to average at least 300 MMcfe per day, or over 30%
growth above our new, higher 2016 full year production guidance,
while assuming drilling with only one rig throughout the year.
Additionally, we are actively pursuing several initiatives to
further expand our growth and to add a second rig without burdening
the Company’s balance sheet.  I believe we have managed our
company prudently and responsibly during this downturn, cutting
expenses and preserving capital.  While we have continued to manage
our production and liquidity to maintain financial flexibility, our
recently completed equity offering of $123 million of net proceeds,
coupled with the increased revenue from production in a higher
commodity price environment has provided a clear path to a fully
funded drilling program in 2017 with a strong growth trajectory.
We also intend to continue to capitalize on our industry leading
well costs and operational efficiencies in the Utica Shale, as
demonstrated by our Purple Hayes Super-Lateral well, with a focus
on innovation to exploit all opportunities presented in the basin
in which we operate."

Commenting on the second quarter results, Thomas S. Liberatore,
Eclipse Resources' executive vice president & chief operating
officer, said, "The Company's return to drilling and completion
operations during the second quarter has continued to highlight our
operational strength, despite the previous pullback in activity,
with an average of 17 days spud to total measured depth per well
and an average minimum of 8 completed stages per day in our
completion operations during the quarter.  Our Purple Hayes well
has now produced a cumulative amount of 1.2 Bcfe during its first
90 days while exhibiting very shallow pressure declines of
approximately 45 psi per week.  We remain extremely pleased with
this better than anticipated performance and the results to date.
We attribute much of the outperformance of this well to our
completions design in which we developed designer completion fluids
that allowed us to place proppant out at such long distances using
100% slickwater and preventing formation damage.  As we have moved
forward in completing our DUC wells that we drilled approximately
two years ago with shorter laterals, we have continued to use these
same fluids to test the upper limits of proppant placement
intensity into our wells.  On our Borton pad that was placed to
sales this week, we completed our wells with 100% slickwater, tight
stages of 150 feet and sand concentrations of 1,800 to 2,000 pounds
per foot, or 30-40% higher sand concentrations than the Purple
Hayes well.  On our next pad, the Wheeler Pad, that is expected to
go to sales in the next month, we increased the sand concentrations
to 2,000 to 2,400 pounds per foot.  Additionally, on a select
number of test stages, we were able to place up to 3,000 pounds per
foot on a 150 foot stage and 2,400 pounds per foot on a 110 foot
stage.  As we move to our next DUC pad, where we expect to test
tighter stages of 110 feet with 2,400 pounds of sand per foot on
two wells and 150 foot stages with 3,000 pounds per foot on two
wells."

As of June 30, 2016, the Company's liquidity was $211 million
consisting of $114 million in cash and cash equivalents and
available borrowing capacity under the Company's revolving credit
facility of $97 million (after giving effect to outstanding letters
of credit issued by the Company of $28 million).  As of June 30,
2016, the Company had pro forma liquidity, including the net
proceeds of the equity offering which closed on July 5, 2016, of
$334 million.

Matthew R. DeNezza, executive vice president and chief financial
officer, commented, "As we position for increasing levels of
activity and higher commodity prices, we continue to focus on our
liquidity and balance sheet strength, adding $123 million in net
proceeds from our recent equity offering.  While we are no longer
looking to acquire additional bonds, the bond repurchases we made
early in the quarter and previously in the first quarter will allow
us to achieve $3.5 million in interest savings per year, while
helping to reduce our leverage profile moving forward.  From a
marketing perspective, we have been active in looking for more
attractive ethane options and with the commencement of the Mariner
East I pipeline, have been able to add interim capacity on that
pipeline as a third party shipper.  This arrangement will provide
us with an uplift to our realized ethane pricing beginning in the
third quarter of 2016.  Finally, we recently added to our natural
gas hedge positions, using the recent improvement in the natural
gas markets to increase our 2017 and 2018 natural gas hedge
portfolio.  We now have 190,000 MMbtu per day hedged at an average
floor price of $2.84 and average ceiling price of $3.28 and an
average of 3,500 barrels of oil production hedged at an average
floor price of $46.00 and an average ceiling price of $59.79 for
2017, while continuing to opportunistically add to these positions
with a focus on 2018 as prices allow.  We are optimistic about the
coming year and will attempt to retain some amount of upside
participation as we put these hedges in place."

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

                    https://is.gd/oZUSb2

                  About Eclipse Resources

Eclipse Resources Corporation is an independent exploration and
production company engaged in the acquisition and development of
oil and natural gas properties in the Appalachian Basin.  As of
Dec. 31, 2015, the Company had assembled an acreage position
approximating 220,000 net acres in Eastern Ohio.

The Company reported a net loss of $971 million in 2015, a net loss
of $183 million in 2014 and a net loss of $43.5 million in 2013.


ELBIT IMAGING: Unit Inks Joint Development Agreement in India
-------------------------------------------------------------
Elbit Imaging Ltd. announced that an Indian subsidiary ("SPV") of
Elbit Plaza India Real Estate Holdings Limited (in which EI holds a
50% stake with its subsidiary, Plaza Centers N.V), has signed a
Joint Development Agreement relating to its 74.7 acre plot in
Chennai, India.

Under the terms of the JDA, the SPV will confer the property
development rights to a reputable local developer who will carry
full responsibility for all of the project costs and liabilities,
as well as for the marketing of the scheme.  The JDA also
stipulates specific project milestones, timelines and minimum sale
prices.

Development will commence subject to the obtainment of the required
governmental/ municipal approvals and permits, and it is intended
that 67% of the land will be allocated for the sale of plotted
developments (whereby a plot is sold with the infrastructure in
place for the development of a residential unit by the end
purchaser), while the remainder will comprise residential units
fully constructed for sale.

The SPV will receive 73% of the total revenues from the plotted
development and 40% of the total revenues from the sale of the
fully constructed residential units.

In order to secure its obligation, the Developer will pay a total
refundable deposit of INR 35.5 Crores (approximately EUR4.8
million), with INR 10 Crores (approximately EUR1.35 million) paid
following the signing and registration of the JDA, INR 17 Crores
(approximately EUR2.3 million) payable when planning permission for
the first phase of the development project is obtained , and the
remaining INR 8.5 Crores (approximately EUR1.15 million) payable
six months after the Project Commencement Date.

                       About Elbit Imaging

Tel-Aviv, Israel-based Elbit Imaging Ltd. (TASE, NASDAQ: EMITF)
holds investments in real estate and medical companies.  The
Company, through its subsidiaries, also develops shopping and
entertainment centers in Central Europe and invests in and manages
hotels.

Elbit Imaging reported a loss of NIS 186.15 million on NIS 1.47
million of revenues for the year ended Dec. 31, 2015, compared to
profit of NIS 1 billion on NIS 461,000 of revenues for the year
ended Dec. 31, 2014.  As of Dec. 31, 2015, Elbit Imaging had NIS
778.25 million in total assets, NIS 758.96 million in total
liabilities and NIS 19.28 million in shareholders' equity.

Since February 2013, Elbit has intensively endeavored to come to
an arrangement with its creditors.  Elbit has said it has been
hanging by a thread for more than five months.  It has encountered
cash flow difficulties and this burdens its day to day activities,
and it certainly cannot make the necessary investments to improve
its assets.  In light of the arrangement proceedings, and
according to the demands of most of the bondholders, as well as an
agreement that was signed on March 19, 2013, between Elbit and the
Trustees of six out of eight series of bonds, Elbit is prohibited,
inter alia, from paying off its debts to the financial creditors
-- and as a result a petition to liquidate Elbit was filed, and
Bank Hapoalim has declared its debts immediately payable,
threatening to realize pledges that were given to the Bank on
material assets of the Company -- and Elbit undertook not to sell
material assets of the Company and not to perform any transaction
that is not during its ordinary course of business without giving
an advance notice to the trustees.

Accountant Rony Elroy has been appointed as expert for examining
the debt arrangement in the Company.

In July 2013, Elbit Imaging's controlling shareholders, Europe-
Israel MMS Ltd. and Mr. Mordechay Zisser, notified the Company
that the Tel Aviv District Court has appointed Adv. Giroa Erdinast
as a receiver with regards to the ordinary shares of the Company
held by Europe Israel securing Europe Israel's obligations under
its loan agreement with Bank Hapoalim B.M.  The judgment stated
that the Receiver is not authorized to sell the Company's shares
at this stage.  Following a request of Europe-Israel, the Court
also delayed any action to be taken with regards to the sale of
those shares for a period of 60 days.  Europe Israel and
Mr. Zisser have also notified the Company that they utterly reject
the Bank's claims and intend to appeal the Court's ruling.


EMPIRE RESORTS: Incurs $7.08 Million Net Loss in Second Quarter
---------------------------------------------------------------
Empire Resorts, Inc., filed with the Securities and Exchange
Commission disclosing a net loss applicable to common stockholders
of $7.08 million on $17.40 million of net revenues for the three
months ended June 30, 2016, compared to a net loss applicable to
common stockholders of $7.69 million on $17.85 million of net
revenues for the three months ended June 30, 2015.

For the six months ended June 30, 2016, the Company reported a net
loss applicable to common stockholders of $12.3 million on $33.6
million of net revenues compared to a net loss applicable to common
stockholders of $11.8 million on $32.4 million of net revenues for
the six months ended June 30, 2015.

As of June 30, 2016, Empire Resorts had $341 million in total
assets, $50.98 million in total liabilities and $290 million in
total stockholders' equity.

The Company anticipates that its current cash and cash equivalents
balances and cash generated from operations will be sufficient to
meet working capital requirements, excluding expenditures on the
Development Projects, for at least the next 12 months.  To finance
a portion of the Development Projects expenses, the Company
consummated the January 2016 Rights Offering, from which the
Company received net proceeds of $286.0 million.  To complete the
Development Projects, the Company will need to raise additional
funds.  Whether these resources are adequate to meet the Company's
liquidity needs beyond that period will depend on the Company's
growth and operating results and the progress of the Development
Projects.  To raise the additional capital necessary for the
Development Projects, the Company may seek to enter into strategic
agreements, joint ventures or similar agreements or it may sell
additional debt or equity in public or private transactions,
including as set forth in the Kien Huat Financing Commitment.  The
sale of additional equity could result in additional dilution to
the Company's existing stockholders and financing arrangements may
not be available to the Company, or may not be available in amounts
or on acceptable terms.

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

                     https://is.gd/av4qje

                     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.


ENDURANCE INT'L: Moody's B2 CFR Unaffected by Earnings Expectations
-------------------------------------------------------------------
Moody's Investors Service said EIG Investors Corp's B2 Corporate
Family Rating and stable outlook are not affected by the lowered
revenue and adjusted EBITDA guidance for 2016. EIG is a subsidiary
of Endurance International Group Holdings, Inc.

EIG Investors Corp. is a wholly owned subsidiary of Endurance
International Group Holdings, Inc., and is a leading provider of
web hosting and other online services primarily to small and medium
size businesses.


ENERGY FUTURE: Posts $330 Million Net Loss at June 30 Quarter
-------------------------------------------------------------
Energy Future Holdings Corp. filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q for the period ended
June 30, 2016.  EFH Corp. reported a net loss of $330 million,
compared to a net loss of $212 million for the same period in 2015.
For the half year, EFH Corp. reported a net loss of $579 million,
compared to a net loss of $1,739 million for the first half of
2015.

EFH Corp. said total assets were $23,909 million at June 30, 2016,
against total liabilities of $23,330 million.

A copy of EFH Corp.'s quarterly report is available at
https://is.gd/Wjp4Es

In May 2016, the Bankruptcy Court entered an order establishing a
timeline for approval of a disclosure statement and a hearing to
consider confirmation of the Plan of Reorganization as it applies
to the TCEH Debtors and the Contributed EFH Debtors, and,
separately, establishing a timeline for approval of a disclosure
statement and a hearing to consider confirmation of the Plan of
Reorganization as it applies to the remaining EFH Debtors. Pursuant
to such scheduling order, solely as it pertains to the TCEH Debtors
and the Contributed EFH Debtors, the Disclosure Statement has been
approved by the Bankruptcy Court, and the confirmation hearing for
the Plan of Reorganization is scheduled to commence on August 17,
2016. In June 2016, the Bankruptcy Court entered a supplement to
its May 2016 order adjourning the schedule solely with respect to
the EFH Debtors' schedule.

The Company expects that the Bankruptcy Court will set a revised
schedule relating to the EFH Debtors beginning in the third quarter
of 2016.

The timelines set forth in the scheduling order are subject to
further revision by the Bankruptcy Court and may change based on
subsequent orders entered by the Bankruptcy Court (on its own, upon
the motion of a party, or upon the Debtors' request).

Pre-Petition Claims

Holders of the substantial majority of pre-petition claims were
required to file proofs of claims by the bar date established by
the Bankruptcy Court. A bar date is the date by which certain
claims against the Debtors must be filed if the claimants wish to
receive any distribution in the Chapter 11 Cases. The Bankruptcy
Court established a bar date of October 27, 2014 for the
substantial majority of claims. In addition, in July 2015, the
Bankruptcy Court entered an order establishing December 14, 2015 as
the bar date for certain asbestos claims that arose or are deemed
to have arisen before the Petition Date, except for certain
specifically exempt claims.

Since the Petition Date and prior to the applicable bar dates
(which have expired), the Company has received approximately 41,300
filed pre-petition claims, including approximately 30,900 in filed
asbestos claims.

The Company said, "We have substantially completed the process of
reconciling all non-asbestos claims that were filed and have
recorded such claims at the expected allowed amount. As of August
2, 2016, approximately 5,700 of those claims have been settled,
withdrawn or expunged. We continue to work with creditors regarding
certain non-asbestos claims to determine the ultimate amount of the
allowed claims. Differences between those final allowed claims and
the liabilities recorded in the condensed consolidated balance
sheets will be recognized as reorganization items in our condensed
statements of consolidated loss as they are resolved. The
resolution of such claims could result in material adjustments to
our financial statements."

"Certain claims filed or reflected in our schedules of assets and
liabilities will be resolved on the applicable effective date of
the applicable plan of reorganization, including certain claims
filed by holders of funded debt and contract counterparties. Claims
that remain unresolved or unreconciled through the filing of this
report have been estimated based upon management's best estimate of
the likely claim amounts that the Bankruptcy Court will ultimately
allow."

The Debtors have entered into an Agreement and Plan of Merger with
NextEra Energy and EFH Merger Co., LLC, a wholly-owned subsidiary
of NEE.  Pursuant to the Merger deal, NextEra Energy will
contribute $4,096,000,000 -- Merger Sub Cash Amount -- subject to
adjustments.  On the Closing Date, $250,000,000 of the Merger Sub
Cash Amount shall be set aside and used solely to satisfy asbestos
claims and related costs.  The parties anticipate the Merger to
close by January 1, 2017.

                     About Energy Future

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

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

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

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

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

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

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

The EFIH unsecured creditors supporting the restructuring
agreement are represented by Akin Gump Strauss Hauer & Feld LLP, as

legal advisor, and Centerview Partners, as financial advisor. The
EFH equity holders supporting the restructuring agreement are
represented by Wachtell, Lipton, Rosen & Katz, as legal advisor,
and Blackstone Advisory Partners LP, as financial advisor.  Epiq
Systems is the claims agent.

Wilmington Savings Fund Society, FSB, the successor trustee for
the second-lien noteholders owed about $1.6 billion, is represented

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

                     *     *     *

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

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

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


ENERGY FUTURE: Posts $330 Million Net Loss in June 30 Quarter
-------------------------------------------------------------
Energy Future Holdings Corp. filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q for the period ended
June 30, 2016.  EFH Corp. reported a net loss of $330 million,
compared to a net loss of $212 million for the same period in 2015.
For the half year, EFH Corp. reported a net loss of $579 million,
compared to a net loss of $1,739 million for the first half of
2015.

EFH Corp. said total assets were $23,909 million at June 30, 2016,
against total liabilities of $23,330 million.

A copy of EFH Corp.'s quarterly report is available at
https://is.gd/Wjp4Es

In May 2016, the Bankruptcy Court entered an order establishing a
timeline for approval of a disclosure statement and a hearing to
consider confirmation of the Plan of Reorganization as it applies
to the TCEH Debtors and the Contributed EFH Debtors, and,
separately, establishing a timeline for approval of a disclosure
statement and a hearing to consider confirmation of the Plan of
Reorganization as it applies to the remaining EFH Debtors. Pursuant
to such scheduling order, solely as it pertains to the TCEH Debtors
and the Contributed EFH Debtors, the Disclosure Statement has been
approved by the Bankruptcy Court, and the confirmation hearing for
the Plan of Reorganization is scheduled to commence on August 17,
2016. In June 2016, the Bankruptcy Court entered a supplement to
its May 2016 order adjourning the schedule solely with respect to
the EFH Debtors' schedule.

The Company expects that the Bankruptcy Court will set a revised
schedule relating to the EFH Debtors beginning in the third quarter
of 2016.

The timelines set forth in the scheduling order are subject to
further revision by the Bankruptcy Court and may change based on
subsequent orders entered by the Bankruptcy Court (on its own, upon
the motion of a party, or upon the Debtors' request).

Pre-Petition Claims

Holders of the substantial majority of pre-petition claims were
required to file proofs of claims by the bar date established by
the Bankruptcy Court. A bar date is the date by which certain
claims against the Debtors must be filed if the claimants wish to
receive any distribution in the Chapter 11 Cases. The Bankruptcy
Court established a bar date of October 27, 2014 for the
substantial majority of claims. In addition, in July 2015, the
Bankruptcy Court entered an order establishing December 14, 2015 as
the bar date for certain asbestos claims that arose or are deemed
to have arisen before the Petition Date, except for certain
specifically exempt claims.

Since the Petition Date and prior to the applicable bar dates
(which have expired), the Company has received approximately 41,300
filed pre-petition claims, including approximately 30,900 in filed
asbestos claims.

The Company said, "We have substantially completed the process of
reconciling all non-asbestos claims that were filed and have
recorded such claims at the expected allowed amount. As of August
2, 2016, approximately 5,700 of those claims have been settled,
withdrawn or expunged. We continue to work with creditors regarding
certain non-asbestos claims to determine the ultimate amount of the
allowed claims. Differences between those final allowed claims and
the liabilities recorded in the condensed consolidated balance
sheets will be recognized as reorganization items in our condensed
statements of consolidated loss as they are resolved. The
resolution of such claims could result in material adjustments to
our financial statements."

"Certain claims filed or reflected in our schedules of assets and
liabilities will be resolved on the applicable effective date of
the applicable plan of reorganization, including certain claims
filed by holders of funded debt and contract counterparties. Claims
that remain unresolved or unreconciled through the filing of this
report have been estimated based upon management's best estimate of
the likely claim amounts that the Bankruptcy Court will ultimately
allow."

The Debtors have entered into an Agreement and Plan of Merger with
NextEra Energy and EFH Merger Co., LLC, a wholly-owned subsidiary
of NEE.  Pursuant to the Merger deal, NextEra Energy will
contribute $4,096,000,000 -- Merger Sub Cash Amount -- subject to
adjustments.  On the Closing Date, $250,000,000 of the Merger Sub
Cash Amount shall be set aside and used solely to satisfy asbestos
claims and related costs.  The parties anticipate the Merger to
close by January 1, 2017.

                     About Energy Future

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

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

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

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

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

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

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

The EFIH unsecured creditors supporting the restructuring
agreement are represented by Akin Gump Strauss Hauer & Feld LLP, as

legal advisor, and Centerview Partners, as financial advisor. The
EFH equity holders supporting the restructuring agreement are
represented by Wachtell, Lipton, Rosen & Katz, as legal advisor,
and Blackstone Advisory Partners LP, as financial advisor.  Epiq
Systems is the claims agent.

Wilmington Savings Fund Society, FSB, the successor trustee for
the second-lien noteholders owed about $1.6 billion, is represented

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

                     *     *     *

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

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

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


ENERGY FUTURE: Seeks Court's Approval on Deal with NextEra
----------------------------------------------------------
Peg Brickley, writing for The Wall Street Journal Pro Bankruptcy,
reported that Energy Future Holdings Corp. has started pressing a
bankruptcy judge for approval to sell its stake in the Oncor
transmission business to Florida's NextEra Energy.

According to the report, the Oncor sale, a complex transaction
designed to be implemented as part of Energy Future's chapter 11
exit in the first quarter of 2017, is crucial toward ending a
bankruptcy stay that began in 2014 and has cost the Dallas company
more than $400 million in professional fees and expenses as of the
end of May.

The former TXU Corp. has been trying to dig itself out from a debt
load that was piled on in a 2007 leveraged buyout, the report
related.  Unlike many LBOs of that era, the TXU buyout wasn't
considered foolish from the start; however, once energy prices
started tumbling, Energy Future began to struggle financially,
ultimately filing for bankruptcy, the report further related.

Plans call for the Luminant and TXU Energy businesses to leave
bankruptcy first under the umbrella of a to-be-named new company,
the report said.  That process starts Aug. 17, with hearings in a
Delaware court, the report added.

Energy Future, the holding company, will be left behind with its
majority stake in Oncor, one of the largest
electricity-transmission businesses in the country, the report
noted.  NextEra will step in as part of Energy Future's separate
bankruptcy exit, the report further noted.

The deal, valued at about $18.4 billion, is designed to extinguish
debt that has been weighing on Oncor, a business that was protected
by corporate governance and other safeguards by Texas regulators,
the report said.  NextEra is proposing to pay $9.5 billion for
Energy Future's 80% stake in Oncor, paying off bankruptcy financing
and leaving funds and stock for creditors, the report added.

                     About Energy Future

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

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

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

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

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

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

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

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

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

                     *     *     *

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

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

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


ENERTAINMENT CITY: U.S. Trustee Unable to Appoint Committee
-----------------------------------------------------------
The Office of the U.S. Trustee disclosed in an August 1 court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of Enertainment City Properties,
Inc.

Enertainment City Properties, Inc., sought protection under Chapter
11 of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 16-03008) on
May 4, 2016.  The Debtor is represented by Bryan K. Mickler, Esq.,
at the Law Offices of Mickler & Mickler.


ENRON CORP: Judge Dismisses Investors' Class Suit vs. UBS
---------------------------------------------------------
Jody Godoy, writing for Bankruptcy Law360, reported that UBS AG and
affiliates shed a 13-year-old proposed class action claiming UBS
brokers hid Enron's fraud from retail investors when a Texas
federal judge ruled on Aug. 2 that the investors did not show that
the brokers had a duty to disclose signs of trouble.  U.S. District
Judge Melinda Harmon dismissed the suit, saying PaineWebber, which
merged with UBS in 2000, did not have a duty to warn retail
investors who bought stock in Enron around the time Enron
collapsed.

                        About Enron Corp.

Enron Corporation (former New York Stock Exchange ticker symbol
ENE) was an American energy, commodities, and services company
based in Houston, Texas.  Before its collapse and bankruptcy in
2001, Enron employed approximately 20,000 staff and was one of the
world's major electricity, natural gas, communications, and pulp
and paper companies, with claimed revenues of nearly $111 billion
during 2000.

Based in Houston, Texas, Enron Corporation filed for Chapter 11
protection (Bankr. S.D.N.Y. Case No. 01-16033) on Dec. 2, 2001,
following controversy over accounting procedures that caused its
stock price and credit rating to drop sharply.

Enron hired lawyers at Togut Segal & Segal LLP; Weil, Gotshal &
Manges LLP; Venable; Cadwalader, Wickersham & Taft, LLP for its
bankruptcy case.  The Official Committee of Unsecured Creditors in
the case tapped lawyers at Milbank, Tweed, Hadley & McCloy LLP.

The Debtors won confirmation of their Plan in July 2004, and the
Plan was declared effective on Nov. 17, 2004.  After approval of
the Plan, the new board of directors decided to change the name of
Enron Corp. to Enron Creditors Recovery Corp. to reflect the
current corporate purpose.  ECRC's sole mission is to reorganize
and liquidate certain of the operations and assets of the "pre-
bankruptcy" Enron for the benefit of creditors.

ECRC has been involved in the MegaClaims Litigation, an action
against 11 major banks and financial institutions that ECRC
believes contributed to Enron's collapse; the Commercial Paper
Litigation, an action involving the recovery of payments made to
commercial paper dealers; and the Equity Transactions Litigation,
which ECRC filed against Lehman Brothers Holdings, Inc., UBS AG,
Credit Suisse and Bear Stearns to recover payments made to the
four banks on transactions involving Enron's stock while the
company was insolvent.


EXPORTHER BONDED: Unsecureds to Get 0-5% Under Liquidating Plan
---------------------------------------------------------------
Exporther Bonded Corp. filed with the U.S. Bankruptcy Court for the
Southern District of Florida a first amended disclosure statement
describing its first amended plan of liquidation, which propose
that general unsecured creditors classified in Class 2 will receive
a distribution of 0 to 5 % of their allowed claims, to be
distributed in a lump sum on the date or dates indicated.

Payments and distributions under the Plan will be funded by the
Debtor's liquidation of its assets, believed to be between $100,000
and $300,000 as of confirmation.  The Plan will also be funded by
the payment from the Riveros of their insider loans, which
presently amount to $890,886. Jorge H. Rivero, Jorge H. Rivero,
Jr., and Juan Carlos Rivero, own and manage the Debtor.

A full-text copy of the First Amended Disclosure Statement dated
Aug. 1, 2016, is available at
http://bankrupt.com/misc/flsb15-28287-207.pdf

Exporther Bonded Corp., dba EBC Duty Free, a ship chandler
generally providing specialized goods for export, usually on cruise
ships, filed a Chapter 11 petition (Bankr. S.D. Fla., Case No.
15-28287) on October 15, 2015.  The Debtor's counsel is David R.
Softness, Esq., in Miami, Florida.  At the time of filing, the
Debtor had $0 to $50,000 in estimated assets and $1 million to $10
million in estimated liabilities.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/flsb15-28287.pdf


GAWKER MEDIA: Hires Cahill Gordon as Counsel in Mail Media Case
---------------------------------------------------------------
Gawker Media LLC, et al., seek authorization from the U.S.
Bankruptcy Court for the Southern District of New York to employ
Cahill Gordon & Reindel LLP as special litigation counsel, nunc pro
tunc to the June 10, 2016 petition date.

The Debtors seek to retain Cahill Gordon to perform services
including, but not limited to, the continued counsel and
representation on all matters in connection with the case captioned
Mail Media Inc. dba Mail Online v. Gawker Media LLC and James King,
No. 1591342015, currently pending in the Supreme Court of the State
of New York, for the County of New York and any other court of
competent jurisdiction that may hear matters in connection with
such case.  Though the automatic stay has prohibited the immediate
prosecution of the Mail Media Litigation against Gawker Media, and
prevents the commencement of new litigation against the Debtors,
the claims will have to be liquidated and/or estimated in one forum
or another.

Mail Media sued Gawker and King over two articles published by
Gawker and written by King, in which King purports to describe his
experience as a freelance, independent contractor who worked shifts
in The Mail's New York newsroom from May 2013 to July 2014.  Mail
Media says the articles are replete with blatant, defamatory
falsehoods intended to disparage The Mail and harm its reputation.

As part of this retention by the Debtors, Cahill Gordon will also
continue to represent co-defendant James King, the freelance
reporter who authored the news report at issue in the Mail Media
Litigation.

Cahill Gordon will be paid at these hourly rates:

       Partners               $800
       Associates             $332-$588

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

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

The following information is provided by Cahill Gordon in response
to the request for additional information set forth in Paragraph
D.1. of the Fee Guidelines:

    -- Cahill Gordon previously agreed to provide the Debtors with

       discounted rates for this engagement. Those rates are set
       forth above.

    -- During the 12 month prepetition period, Cahill Gordon
       provided legal services to the Debtors pursuant to an
       agreement with Gawker Media to provide discounted rates of
       $800/hour for partner time and a twenty percent discount
       off standard rates for associate and staff time. That
       arrangement remained in place for the entire period of
       Cahill's representation and will remain in place
       postpetition. As is typical, rates for associates working
       on these matters increased effective January 1, 2016, and
       those associates advanced in class to higher rates, and   
       such rates will likely increase in the future.

    -- Cahill Gordon and the Debtors are currently working on a
       budget and staffing plan for Cahill Gordon's work for the
       Debtors. The budget contemplates that Cahill Gordon will
       assist the Debtors and Mr. King with the Mail Media
       Litigation in which Cahill Gordon already represents the
       Debtors and Mr. King. The budget necessarily will involve a

       projection of future events with limited information and is

       subject to change as the case develops.

The Bankruptcy Court will hold a hearing on the application on
August 9, 2016, at 10:00 a.m.  Objections were due August 4, 2016

Cahill Gordon can be reached at:

       Susan Buckley, Esq.
       CAHILL GORDON & REINDEL LLP
       80 Pine Street
       New York, NY 10005-1702
       Tel: (212) 701-3862
       Fax: (212) 378-2166
       E-mail: sbuckley@cahill.com

                       About Gawker Media

Founded in 2002 by Nick Denton, Gawker Media is privately held
online media company operating seven distinct media brands with
corresponding websites under the names Gawker, Deadspin,
Lifehacker, Gizmodo, Kotaku, Jalopnik, and Jezebel. The Company's
various Websites cover, among other things, news and commentary on
current events, politics, pop culture, sports, cars, fashion,
productivity, technology and video games.

Gawker sought bankruptcy protection after being ordered to pay
$140.1 million in connection with an invasion of privacy lawsuit
arising from publication of a report and commentary and
accompanying sex video involving Terry Gene Bollea.

New York-based Gawker Media, LLC -- fdba Gawker Sales, LLC, Gawker
Entertainment, LLC, Gawker Technology, LLC and Blogwire, Inc. --
filed a Chapter 11 bankruptcy petition (Bankr. S.D.N.Y. Case No.
16-11700) on June 10, 2016. The Hon. Stuart M. Bernstein presides
over the Debtors' cases.

Affiliates Gawker Media Group, Inc. and Budapest, Hungary-based
Kinja, Kft. filed separate Chapter 11 petitions (Bankr. S.D.N.Y.
Case Nos. 16-11719 and 16-11718) on June 12, 2016.

The cases are jointly administered.

Gregg M. Galardi, Esq., David B. Hennes, Esq. and Michael S.
Winograd, Esq., at Ropes & Gray LLP serve as counsel to the
Debtors. William Holden at Opportune LLP serves as Gawkers' chief
restructuring officer. Houlihan Lokey Capital, Inc. serves as the
Debtors' investment banker. Prime Clerk LLC serves as claims,
balloting and administrative agent.

Houlihan Lokey was retained by the Debtors on May 16, 2016, to
explore the possibility of a sale of all or substantially all of
the Debtors' assets, with the goal of maximizing return to the
Debtors' estates in the event of a possible chapter 11 filing.

The Debtors estimated $50 million to $100 million in assets and
$100 million to $500 million in liabilities.

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



GAWKER MEDIA: Hires Thomas & LoCicero as Litigation Counsel
-----------------------------------------------------------
Gawker Media LLC, et al., seek authorization from the U.S.
Bankruptcy Court for the Southern District of New York to employ
Thomas & LoCicero PL ("TLo") as special litigation counsel, nunc
pro tunc to the June 10, 2016 petition date.

The Debtors require and will continue to require the services of
TLo throughout these chapter 11 cases.  Though the automatic stay
has blocked the immediate prosecution of the Actions, the Debtors
will need TLo's expertise during the bankruptcy cases to advise
them on matter concerning the Actions, including the preliminary
injunction, automatic stay, appeals and related matters.

TLo was first retained in October 2012 to defend Gawker Media and
certain affiliated entities, as well as individuals Nick Denton,
A.J. Daulerio and Kate Bennert against privacy and related claims
brought by Terry Gene Bollea, the wrestler and celebrity known as
"Hulk Hogan," arising from Gawker's publication of excerpts from a
tape depicting him engaged in an affair with Heather Clem, the wife
of his best friend, radio "shock jock" Bubba the Love Sponge Clem
(the "Bollea I Litigation"). That case was originally filed in
federal court, and captioned Bollea v. Gawker Media, LLC,
8:12-cv-2348-T-27TBM (M.D. Fla.).

After several motions seeking preliminary injunctive relief were
denied by the federal court on First Amendment grounds, see, e.g.,
Bollea v. Gawker Media, LLC, 2012 WL 5509624 (M.D. Fla. Nov. 14,
2012); Bollea v. Gawker Media, LLC, 913 F. Supp. 2d 1325 (M.D. Fla.
2012), the plaintiff dismissed his federal court action, and
re-filed his claims in state court, adding them to an existing
lawsuit against the Clems. See Bollea v. Gawker Media, LLC, et al.,
No. 12012447-CI-011 (Fla. Cir. Ct.).

That case has involved extensive proceedings in the Florida courts.
Following the dismissal of the other defendants, the case was tried
in March 2016 against Gawker Media, LLC, Nick Denton and A.J.
Daulerio, and resulted in a $140.1 million verdict, which
ultimately precipitated these Chapter 11 proceedings and the appeal
of which is a significant event needed to conclude them. The
resolution of the appeal of Bollea I will be a significant
milestone in these chapter 11 cases.

In May 2016, TLo was retained to represent Gawker Media in Bollea
v. Buchwwald & Assocs., et al., No. 16-002861-CI (Fla. Cir. Ct.)
("Bollea II"), a case arising from plaintiff's claims regarding the
alleged leak of a summary transcript describing another sex tape
involving Bollea and Heather Clem in which he made a series of
racist and homophobic comments Bollea made on another sex tape
involving him and Heather Clem, which he claims caused him injury.

TLo will be paid at these hourly rates:

       Partners          $495-$320
       Associates        $230-$215
       Paralegals        $170

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

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

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

    -- The hourly rates charged by TLo for this engagement are
       consistent with the rates TLo charges for other comparable
       clients. The rate structure provided by TLo is standard and

       not discounted.

    -- During the 12 month prepetition period, TLo represented and

       provided legal services to the Debtors mainly pursuant to
       the agreement dated October 25, 2012 with, among others,
       Gawker Media LLC and covered the Middle District of
       Florida, Pinellas County Circuit and Second District Court
       of Appeal, and other similar lawsuits filed against Gawker
       Media LLC and others.

    -- TLo and the Debtors are currently working on a budget and
       staffing plan for TLo's work for the Debtors. The budget
       contemplates that TLo will assist the Debtor with the
       litigations in which TLo already represents the Debtors.
       The budget necessarily involves a projection of future
       events with limited information and is subject to change as

       the case develops. The Debtors anticipates a budget and
       staffing plan will be approved by the Debtors in the near
       future.

The Bankruptcy Court will hold a hearing on the application on
August 9, 2016, at 10:00 a.m.  Objections were due August 4, 2016

TLo can be reached at:

       Gregg D. Thomas, Esq.
       Thomas & LoCicero PL
       401 SE 12th Street
       Suite 300
       Ft Lauderdale, FL 33316
       Tel: (813) 984-3066

                       About Gawker Media

Founded in 2002 by Nick Denton, Gawker Media is privately held
online media company operating seven distinct media brands with
corresponding websites under the names Gawker, Deadspin,
Lifehacker, Gizmodo, Kotaku, Jalopnik, and Jezebel. The Company's
various Websites cover, among other things, news and commentary on
current events, politics, pop culture, sports, cars, fashion,
productivity, technology and video games.

Gawker sought bankruptcy protection after being ordered to pay
$140.1 million in connection with an invasion of privacy lawsuit
arising from publication of a report and commentary and
accompanying sex video involving Terry Gene Bollea.

New York-based Gawker Media, LLC -- fdba Gawker Sales, LLC, Gawker
Entertainment, LLC, Gawker Technology, LLC and Blogwire, Inc. --
filed a Chapter 11 bankruptcy petition (Bankr. S.D.N.Y. Case No.
16-11700) on June 10, 2016. The Hon. Stuart M. Bernstein presides
over the Debtors' cases.

Affiliates Gawker Media Group, Inc. and Budapest, Hungary-based
Kinja, Kft. filed separate Chapter 11 petitions (Bankr. S.D.N.Y.
Case Nos. 16-11719 and 16-11718) on June 12, 2016.

The cases are jointly administered.

Gregg M. Galardi, Esq., David B. Hennes, Esq. and Michael S.
Winograd, Esq., at Ropes & Gray LLP serve as counsel to the
Debtors. William Holden at Opportune LLP serves as Gawkers' chief
restructuring officer. Houlihan Lokey Capital, Inc. serves as the
Debtors' investment banker. Prime Clerk LLC serves as claims,
balloting and administrative agent.

Houlihan Lokey was retained by the Debtors on May 16, 2016, to
explore the possibility of a sale of all or substantially all of
the Debtors' assets, with the goal of maximizing return to the
Debtors' estates in the event of a possible chapter 11 filing.

The Debtors estimated $50 million to $100 million in assets and
$100 million to $500 million in liabilities.

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



GAWKER MEDIA: Says Lawyer's Defamation Appeal May Proceed
---------------------------------------------------------
Jonathan Randles, writing for Bankruptcy Law360, reported that
Gawker Media told a New York judge on Aug. 2 that it will allow an
Illinois attorney acquitted of sexual assault who sued the company
for writing about his trial to proceed with a Seventh Circuit
appeal that was put on hold after the publisher filed for
bankruptcy.  Gawker attorney Gregg Galardi of Ropes & Grey LLP
informed the court during a hearing in Manhattan that the company
has agreed to dismiss an adversary suit that sought to halt
plaintiff Meanith Huon's defamation lawsuit against the company.

                      About Gawker Media

Founded in 2002 by Nick Denton, Gawker Media is privately held
online media company operating seven distinct media brands with
corresponding websites under the names Gawker, Deadspin,
Lifehacker, Gizmodo, Kotaku, Jalopnik, and Jezebel. The Company's
various Websites cover, among other things, news and commentary on
current events, politics, pop culture, sports, cars, fashion,
productivity, technology and video games.

Gawker sought bankruptcy protection after being ordered to pay
$140.1 million in connection with an invasion of privacy lawsuit
arising from publication of a report and commentary and
accompanying sex video involving Terry Gene Bollea.

New York-based Gawker Media, LLC -- fdba Gawker Sales, LLC, Gawker
Entertainment, LLC, Gawker Technology, LLC and Blogwire, Inc. --
filed a Chapter 11 bankruptcy petition (Bankr. S.D.N.Y. Case No.
16-11700) on June 10, 2016. The Hon. Stuart M. Bernstein presides
over the Debtors' cases.

Affiliates Gawker Media Group, Inc. and Budapest, Hungary-based
Kinja, Kft. filed separate Chapter 11 petitions (Bankr. S.D.N.Y.
Case Nos. 16-11719 and 16-11718) on June 12, 2016.

The cases are jointly administered.

Gregg M. Galardi, Esq., David B. Hennes, Esq. and Michael S.
Winograd, Esq., at Ropes & Gray LLP serve as counsel to the
Debtors. William Holden at Opportune LLP serves as Gawkers' chief
restructuring officer. Houlihan Lokey Capital, Inc. serves as the
Debtors' investment banker. Prime Clerk LLC serves as claims,
balloting and administrative agent.

Houlihan Lokey was retained by the Debtors on May 16, 2016, to
explore the possibility of a sale of all or substantially all of
the Debtors' assets, with the goal of maximizing return to the
Debtors' estates in the event of a possible chapter 11 filing.

The Debtors estimated $50 million to $100 million in assets and
$100 million to $500 million in liabilities.

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


GAWKER MEDIA: Taps Brannock Firm as Counsel in Hulk Hogan Case
--------------------------------------------------------------
Gawker Media LLC, et al., seek authorization from the U.S.
Bankruptcy Court for the Southern District of New York to employ
Brannock & Humphries as special litigation counsel, nunc pro tunc
to the June 10, 2016 petition date.

The Debtors seek to retain Brannock & Humphries as special
litigation counsel because of Brannock & Humphries's experience,
knowledge and familiarity with certain lawsuits involving the
Debtors' business and operations. Since on or about May 7, 2014,
Brannock & Humphries has represented the Debtors before the trial
and appellate courts of Florida in connection with certain
lawsuits:

   (a) On May 7, 2014, Brannock & Humphries was retained to defend

       Debtors in connection with the action brought by Terry Gene

       Bollea in Pinellas County Circuit Court, Bollea v. Gawker
       Media, Case No. 12-012447CI-11 (6 th Cir. Pinellas County),

       on appeal, Gawker Media v. Bollea, 2D16-2535 (2d DCA 2016)
       (Bollea I). As the scope of the litigation was expanded,
       Brannock & Humphries was also retained to represent non-
       debtors Nick Denton and A.J. Daulerio; and

   (b) As of May 2, 2016, Brannock & Humphries also represents
       Gawker Media in connection with a second lawsuit filed by
       Bollea. Bollea v. Buchwald & Associates, Inc., et al.,
       (6 th Cir. Pinellas County) (Bollea II).

Bollea, aka Hulk Hogan, sued Gawker over the publication of an
excerpt of a sex tape.  As widely reported, a jury handed down $115
million in compensatory damages and $25 million more in punitive
damages in favor of Hogan.

Brannock & Humphries will be paid at these hourly rates:

       Shareholders               $400-$475
       Associates                 $215
       Paraprofessionals          $140

Brannock & Humphries will also be reimbursed for reasonable
out-of-pocket expenses incurred.

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

The following information is provided by Brannock & Humphries in
response to the request for additional information set forth in
Paragraph D.1. of the Fee Guidelines:

   -- The hourly rates charged by Brannock & Humphries for this
      engagement are discounted from the rates Brannock &
      Humphries charges for other comparable clients. The rate   
      structure provided by Brannock & Humphries in this case is
      appropriate and not significantly different from (a) the
      rates that Brannock & Humphries charges in other non-
      bankruptcy representations or (b) the rates of other
      comparably skilled professionals for similar engagements.

   -- During the 12 month prepetition period, Brannock & Humphries
      represented and provided legal services to the Debtors
      mainly pursuant to the May 14, 2014 retainer agreement with
      Gawker Media as expanded by the agreement of the parties to
      eliminate the cap on hours described in the retainer.
      Brannock & Humphries represented Gawker Media on an hourly
      basis at the rates described in the chart above. There has
      been no variance in the terms of Brannock & Humphries
      retainer pre- or post-petition.

   -- Brannock & Humphries and the Debtors are currently working
      on a budget and staffing plan for Brannock & Humphries's
      work for the Debtors. The budget contemplates that Brannock
      & Humphries will assist the Debtor with the litigations in
      which Brannock & Humphries already represents the Debtors.
      The budget necessarily involves a projection of future
      events with limited information and is subject to change as
      the case develops. The Debtors anticipate a budget and
      staffing plan will be approved by the Debtors prior to the
      start of significant work on the appeal in Bollea I.

The Bankruptcy Court will hold a hearing on the application on
August 9, 2016, at 10:00 a.m.  Objections were due August 4, 2016

Brannock & Humphries can be reached at:

       Steven Brannock, Esq.
       BRANNOCK & HUMPHRIES
       1111 W. Cass Street, Suite 200
       Tampa, FL 33606
       Tel: (813) 223-4300
       E-mail: sbrannock@bhappeals.com

                       About Gawker Media

Founded in 2002 by Nick Denton, Gawker Media is privately held
online media company operating seven distinct media brands with
corresponding websites under the names Gawker, Deadspin,
Lifehacker, Gizmodo, Kotaku, Jalopnik, and Jezebel. The Company's
various Websites cover, among other things, news and commentary on
current events, politics, pop culture, sports, cars, fashion,
productivity, technology and video games.

Gawker sought bankruptcy protection after being ordered to pay
$140.1 million in connection with an invasion of privacy lawsuit
arising from publication of a report and commentary and
accompanying sex video involving Terry Gene Bollea.

New York-based Gawker Media, LLC -- fdba Gawker Sales, LLC, Gawker
Entertainment, LLC, Gawker Technology, LLC and Blogwire, Inc. --
filed a Chapter 11 bankruptcy petition (Bankr. S.D.N.Y. Case No.
16-11700) on June 10, 2016. The Hon. Stuart M. Bernstein presides
over the Debtors' cases.

Affiliates Gawker Media Group, Inc. and Budapest, Hungary-based
Kinja, Kft. filed separate Chapter 11 petitions (Bankr. S.D.N.Y.
Case Nos. 16-11719 and 16-11718) on June 12, 2016.

The cases are jointly administered.

Gregg M. Galardi, Esq., David B. Hennes, Esq. and Michael S.
Winograd, Esq., at Ropes & Gray LLP serve as counsel to the
Debtors. William Holden at Opportune LLP serves as Gawkers' chief
restructuring officer. Houlihan Lokey Capital, Inc. serves as the
Debtors' investment banker. Prime Clerk LLC serves as claims,
balloting and administrative agent.

Houlihan Lokey was retained by the Debtors on May 16, 2016, to
explore the possibility of a sale of all or substantially all of
the Debtors' assets, with the goal of maximizing return to the
Debtors' estates in the event of a possible chapter 11 filing.

The Debtors estimated $50 million to $100 million in assets and
$100 million to $500 million in liabilities.

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


GAWKER MEDIA: Taps Levine Sullivan as Special Litigation Counsel
----------------------------------------------------------------
Gawker Media LLC, et al., seek authorization from the U.S.
Bankruptcy Court for the Southern District of New York to employ
Levine Sullivan Koch & Schulz, LLP ("LSKS") as special litigation
counsel, nunc pro tunc to the June 10, 2016 petition date.

In addition to the two Terry Gene Bollea lawsuits, LSKS has been
retained to represent Gawker Media and related individuals:

   (a) In September 2014, LSKS was engaged to represent Gawker
       Media and GMGI in a lawsuit brought by retired Major League

       Baseball pitcher Mitchell Williams, Williams v. The MLB
       Network, Inc., et al., No. CAM-L-3675-14 (N.J. Super. Ct.)
       ("Williams").

   (b) In June 2015, LSKS was retained to defend Gawker Media and
       individuals J.K. Trotter and Greg Howard against a
       defamation claim brought by a blogger in Johnson, et al. v.

       Gawker Media, LLC, et al., No. 4:15-CV-1137 CAS (E.D. Mo.).
       Although that case was dismissed for lack of personal
       jurisdiction, see Johnson v. Gawker Media, LLC, 2016 WL
       193390 (E.D. Mo. Jan. 15, 2016), it is the Debtors'
       understanding that the claims were refiled in California,
       see Johnson v. Gawker Media, LLC, No. 5-CECG03734 (Cal.
       Sup. Ct.) ("Johnson").

   (c) In January 2016, LSKS was engaged to defend Gawker Media as

       well as individuals Nick Denton, John Cook and Sam Biddle
       in Terrill v. Gawker Media, LLC, et al., No. 16-cv-00411
       (S.D.N.Y.) ("Terrill"), regarding an article Gawker Media
       published about the plaintiff's investigation into a
       prominent technology executive best known for working at
       the billion-dollar technology company Tinder.

   (d) In May 2016, LSKS was retained to defend Gawker Media and
       individuals Nick Denton, John Cook and Sam Biddle against
       claims in Ayyadurai v. Gawker Media, LLC, et al., 16-cv-
       10853 (D. Mass.) ("Ayyadurai"), regarding articles it
       published about plaintiff's purported invention of email.

   (e) In February 2016, LSKS was retained to represent Gawker
       Media, as well as individuals Nick Denton, Irin Carmon, and

       Gaby Darbyshire in Huon v. Denton, No. 15-3049 (7th Cir.)
       ("Huon"), in an appeal arising from a post on a Gawker
       Media website that reported on a defamation suit plaintiff
       filed against a co-defendant. (Huon appealed the trial
       court's order dismissing his claims against Gawker Media
       and the other affiliated defendants with prejudice. See
       Huon v. Breaking Media, LLC, 75 F. Supp. 3d 747 (N.D. Ill.
       2014).) Huon, an attorney, has moved to appear pro hac vice

       in the companion adversary proceeding, captioned Gawker
       Media, LLC v. Huon, No. 16-01085 (Bankr. S.D.N.Y.) (the
       "Adversary Proceeding").

   (f) LSKS also provides ongoing counseling and representation
       regarding editorial content issues common to news
       organizations, including such things as retraction
       demands, subpoenas, access to official proceedings and
       records, copyright, and newsgathering issues.

   (g) Given its familiarity with the various lawsuits pending
       against the Debtors, LSKS has also advised Debtors'
       bankruptcy counsel concerning the background of the
       proceedings enumerated above in connection with this case
       and the Adversary Proceeding.

LSKS will be paid at these hourly rates:

       Senior Partner         $515
       Partner                $490
       Of Counsel             $490
       Senior Associate       $405
       Mid-Level Associate    $380
       Junior Associate       $330
       Paralegal              $215
       Law Clerk              $240

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

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

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

    -- The hourly rates charged by LSKS for this engagement are
       roughly twenty percent lower than LSKS's standard hourly
       rates for similar matters and are consistent with the
       discounted rates LSKS charges for other comparable clients
       (the "Discounted Preferred Rates"). LSKS will continue to
       apply its Discounted Preferred Rates to this engagement
       through the bankruptcy case.

    -- During the 12 month prepetition period, LSKS represented
       and provided legal services to the Debtors in various
       litigated and non-litigated matters, generally pursuant to
       the firm's Discounted Preferred Rates. The current
       Discounted Preferred Rates took effect on February 1, 2016,

       and reflected a firm-wide increase of 2.5% over the firm's
       2015 Discounted Preferred Rates, except that (i) in Bollea
       I, LSKS and the Debtors agreed that the firm would not
       increase its prior rates until after the March 2016 trial
       and trial court proceedings concluded; and (ii) in
       Williams, LSKS agreed to charge a negotiated rate with an
       insurer for Debtors. As set forth above, LSKS will continue

       to apply its Discounted Preferred Rates to this engagement
       postpetition.

    -- LSKS and the Debtors are currently working on a budget and
       staffing plan for LSKS's work for the Debtors, which will
       be informed by the ruling by the Court as to the requested
       preliminary injunction and the application of the automatic

       stay, and whether the Debtors are ultimately permitted by
       the Court to continue indemnifying individual defendants,
       and/or advancing defense costs. The budget anticipates that

       LSKS will assist the Debtors with the litigations in which
       LSKS already represents them and in the non-litigation
       counseling described in paragraph 11(f) above. The Debtors
       anticipate a budget and staffing plan for the Bollea
       Litigation will be prepared shortly, and the budget for the

       remaining Actions will be prepared following the sale of
       substantially all of the Debtors' assets. The budget
       necessarily involves a projection of future events with
       limited information and is subject to change as the matters

       develop.

The Bankruptcy Court will hold a hearing on the application on
August 9, 2016, at 10:00 a.m.  Objections were due August 4, 2016.

LSKS can be reached at:

       Seth D. Berlin, Esq.
       LEVINE SULLIVAN
       KOCH & SCHULZ, LLP
       1899 L Street, NW, Suite 200
       Washington, DC 20036
       Tel: (202) 508-1122
       Fax: (202) 861-9888
       E-mail: sberlin@lskslaw.com

                       About Gawker Media

Founded in 2002 by Nick Denton, Gawker Media is privately held
online media company operating seven distinct media brands with
corresponding websites under the names Gawker, Deadspin,
Lifehacker, Gizmodo, Kotaku, Jalopnik, and Jezebel. The Company's
various Websites cover, among other things, news and commentary on
current events, politics, pop culture, sports, cars, fashion,
productivity, technology and video games.

Gawker sought bankruptcy protection after being ordered to pay
$140.1 million in connection with an invasion of privacy lawsuit
arising from publication of a report and commentary and
accompanying sex video involving Terry Gene Bollea.

New York-based Gawker Media, LLC -- fdba Gawker Sales, LLC, Gawker
Entertainment, LLC, Gawker Technology, LLC and Blogwire, Inc. --
filed a Chapter 11 bankruptcy petition (Bankr. S.D.N.Y. Case No.
16-11700) on June 10, 2016. The Hon. Stuart M. Bernstein presides
over the Debtors' cases.

Affiliates Gawker Media Group, Inc. and Budapest, Hungary-based
Kinja, Kft. filed separate Chapter 11 petitions (Bankr. S.D.N.Y.
Case Nos. 16-11719 and 16-11718) on June 12, 2016.

The cases are jointly administered.

Gregg M. Galardi, Esq., David B. Hennes, Esq. and Michael S.
Winograd, Esq., at Ropes & Gray LLP serve as counsel to the
Debtors. William Holden at Opportune LLP serves as Gawkers' chief
restructuring officer. Houlihan Lokey Capital, Inc. serves as the
Debtors' investment banker. Prime Clerk LLC serves as claims,
balloting and administrative agent.

Houlihan Lokey was retained by the Debtors on May 16, 2016, to
explore the possibility of a sale of all or substantially all of
the Debtors' assets, with the goal of maximizing return to the
Debtors' estates in the event of a possible chapter 11 filing.

The Debtors estimated $50 million to $100 million in assets and
$100 million to $500 million in liabilities.

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



GENWORTH HOLDINGS: Moody's Reviews Ba3 Sr Unsecured Debt Rating
---------------------------------------------------------------
Moody's Investors Service has placed the Ba3 senior unsecured debt
rating of Genworth Holdings, Inc. (Genworth) on review for possible
downgrade. The Ba1 insurance financial strength (IFS) ratings of
the company's long-term care (LTC) subsidiaries, Genworth Life
Insurance Company and Genworth Life Insurance Company of New York
(GLIC and GLICNY, collectively, GLIC), and the Baa2 IFS rating of
its life and annuity company, Genworth Life and Annuity Insurance
Company (GLAIC), were also placed on review for possible downgrade,
as were other affiliated ratings (see ratings list, below). The
rating action follows Genworth's announcement on 3 August 2016 that
its original February restructuring plan, including the full
de-stacking of GLAIC by the long term care company and ultimate
contribution to Genworth Holding, Inc. in 2017, will now likely
take place in stages over time, subject to improvement of the
financials at GLIC and regulatory approvals.

The ratings of Genworth's US and Australian mortgage insurance (MI)
operations (Ba1 IFS rating, stable; A3 IFS rating, negative,
respectively) are not part of this rating action.

RATINGS RATIONALE

The Holding Company

Genworth's review for downgrade reflects the holding company's
diminished liquidity and financial flexibility. The partial
de-stacking, which was not anticipated by Moody's, will diminish
Genworth's ability to repay $2.1 billion of debt maturing between
2018 and 2021 (specifically, $600 million in 2018 and $1.5 billion
in 2020-2021). GLAIC's statutory dividend capacity will remain
partially restricted by its continuing ownership by the LTC
company.

The rating agency added that pressure on Genworth to resolve the
debt issue is building, given the passage of time. However, the
company's successful Q1'16 bond consent solicitation, which
resulted in the revision of certain covenants, is a favorable
development for bondholders, protecting them from certain stress
scenarios at the LTC company. In addition, cash at the holding
company remained solid at the end of 2Q16, at $934 million.

The Life Insurance Companies

Moody's said, "The review for downgrade of GLIC and GLAIC reflects
both the diminished financial flexibility at the Genworth holding
company, and weaker-than-expected 2Q16 earnings. While factors
depressing life insurance earnings were largely one-time items,
statutory losses continued in 2Q16, lowering the group's regulatory
capitalization, as measured by the NAIC Risk-Based Capital ratio
(RBC). Specifically, the group's RBC ratio declined to an estimated
370% (company action level) in 2Q16 from an estimated 391% at 1Q16
(although 2Q16 RBC at GLAIC was 560% and unassigned surplus was
$100 million). Furthermore, we remained concerned about the impact
of low interest rates on the company's LTC and life insurance
blocks. On the positive side, LTC rate increases continue to track
with Genworth's 2015 LTC margin analysis."

Moody's said the review will focus on: (1) greater clarity on, and
progress related to, the de-stacking (e.g., the
regulatorily-approved distribution schedule of GLIC's ownership
interest in GLAIC to Genworth Financial; (2) definitive debt
repayment decisions, and (3) the business and financial profile of
the life insurance companies, in terms of earnings, reserve
adequacy, and capitalization.

Moody's would not expect the ratings of Genworth or the life
insurance companies to decline more than one notch as a result of
the review.

Rating Drivers -- Holding Company

The following could result a confirmation of the holding company's
ratings: 1) improving credit profile of Genworth's life insurance
subsidiaries along with strong performance in MI; and 2) successful
separation and isolation of the LTC business and improvement of
holding company financial flexibility (i.e., reduction in and/or
refinancing of 2018 and 2020/2021 debt maturities).

Conversely, the following could result in a downgrade of the
holding company's ratings: 1) further downgrade of the US life
insurance operations; and 2) lack of progress in addressing
upcoming debt maturities in 2018 and 2020/2021.

Rating Drivers - US life insurance operating subsidiaries

Moody's stated that the following factors could result in GLAIC's
rating being confirmed: 1) stability in statutory earnings and
return on statutory surplus greater than 10%, and 2) improvement in
financial flexibility at the holding company (i.e., reduction in
and/or refinancing of 2018 and 2020/2021 debt maturities).

Moody's stated that the following factors could result in
GLIC's/GLICNY's ratings being confirmed: 1) significant LTC rate
approvals and/or other actions that help grow margins in the legacy
LTC book of business, and 2) improvement in financial flexibility
at the holding company (i.e., reduction in and/or refinancing of
2018 and 2020/2021 debt maturities).

Conversely, factors that could result in a downgrade of GLAIC's
rating include: 1) RBC ratio less than 350% of company action level
(CAL), 2) return on statutory surplus less than 5%, and 3) lack of
progress in addressing upcoming debt maturities in 2018 and
2020/2021.

Factors that could result in a downgrade of GLIC's/GLICNY's ratings
include: 1) further deterioration of the margins on LTC reserves,
increasing the probability of a material reserve charge in the
future, 2) RBC ratio less than 300% CAL, and 3) denial of LTC rate
approvals, pressuring reserve adequacy of legacy LTC business.

The following ratings were placed on review for downgrade:

Genworth Holdings, Inc.: backed senior unsecured at Ba3, backed
junior subordinate at B1 (hyb), backed provisional senior unsecured
shelf at (P)Ba3, backed provisional subordinate shelf at (P)B1;

Genworth Life Insurance Company: insurance financial strength at
Ba1;

Genworth Life Insurance Company of New York: insurance financial
strength at Ba1;

General Repackaging ACES SPC 2007-2, 3, 7: funding agreement-backed
senior secured notes at Ba1;

Genworth Life and Annuity Insurance Company: insurance financial
strength at Baa2.

Genworth Global Funding Trusts: funding agreement-backed senior
secured MTN notes at Baa2.

Genworth Holdings is the intermediate holding company of Genworth
Financial, Inc., an insurance and financial services holding
company headquartered in Richmond, Virginia. The group reported
GAAP net income available to Genworth Financial, Inc.'s common
shareholders of $172 million for the first three months of 2016 on
total assets of $108 billion and shareholders' equity of $17
billion.

Moody's insurance financial strength ratings are opinions of the
ability of insurance companies to pay punctually senior
policyholder claims and obligations.


GLOBAL GEOPHYSICAL: Case Summary & 30 Largest Unsecured Creditors
-----------------------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

    Debtor                                         Case No.
    ------                                         --------
    Global Geophysical Services, LLC               16-20306
    13927 South Gessner Road
    Missouri City, TX 77489

    Autoseis, Inc.                                 16-20305
    Global Geophysical Services, Inc.              16-20307
    Global Geophysical EAME, Inc.                  16-20308
    GGS International Holdings, Inc.               16-20309
    Global Geophysical (MCD), LLC            16-20310
    Global Ambient Seismic, Inc.                   16-20311
    Autoseis Development Company                   16-20312

Type of Business: GGS and the other debtors historically have
                  provided an integrated suite of seismic-data
                  solutions to the global oil and gas industry     
             
                  consisting primarily of seismic-data
                  acquisition, micro-seismic monitoring,
                  processing, and interpretation services and the
                  sale of seismic recording equipment.

Chapter 11 Petition Date: August 3, 2016

Court: United States Bankruptcy Court
       Southern District of Texas (Corpus Christi)

Judge: Hon. David R Jones

Debtors' Counsel: Ian Edward Roberts, Esq.
                  C. Luckey McDowell, Esq.
                  Noah M. Schottenstein, Esq.
                  BAKER BOTTS LLP
                  2001 Ross Ave, Ste 600
                  Dallas, TX 75201-2980
                  Tel: 214-953-6719
                  E-mail: Ian.Roberts@bakerbotts.com
                          luckey.mcdowell@bakerbotts.com
                          noah.schottenstein@bakerbotts.com

Debtors'          
Financial
Advisor:          ALVAREZ & MARSAL

Debtors'          
Claims &
Notice
Agent:            PRIME CLERK LLC

Estimated Assets: $100 million to $500 million

Estimated Debts: $100 million to $500 million

The petitions were signed by Sean M. Gore, chief executive
officer.

Debtors' List of 30 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Wilmington Trust,                    Funded Debt      $40,445,999
National Association
Administrative Agent
50 South Sixth Street, Suite 1290
Minneapolis, MN 55402

Microsoft Corporation                 Trade               $54,791

Open Geophysical, Inc.                Trade               $38,970

Hyland Software, Inc.                 Trade               $29,647

Rosemont WTC Denver                   Trade               $24,537
Operating LLC

Minn-Alaska Transport                 Trade               $20,500

SLTNTRST LLC                          Trade               $18,852

Arctic Deadhorse, LLC                 Trade               $17,500

Direct Energy Business, LLC           Trade               $16,345

Aries Freight Systems LP              Trade               $14,255

Brice Sukakpak, LLC                 Professional          $13,799
                                      Services

U.S. Trustee Payment Center            Prior              $11,308
                                  Administrative

Multijobs                             Trade               $10,788

Atlas Development &                   Trade                $6,619
Support Services

Kelley Drye & Warren LLP           Professional            $5,910
                                     services

American Oil & Gas Reporter           Trade                $4,883

M.G.N Njunge & Co. Westlands          Trade                $4,854

Seyfarth Shaw LLC                   Professional           $4,656
                                      Services

Fleet Management                      Trade                $4,560

Solutions, Inc.

Advanced Geodetic                     Trade                $4,334
Surveys Inc.

Tucker Sno-Cat Corporation            Trade                $4,318

Prudhoe Bay Hotel                     Trade                $3,510

USTravel                              Trade                $3,305

Enterprise Parking                    Trade                $3,076
Service, Inc.

2020 Exhibits, Inc.                   Trade                $2,796

BrandExtract                          Trade                $2,584
  
JZ Parts & Sevice LLC                 Trade                $2,500

Chinook Tesoro                        Trade                $2,348

MacRae & Co.                         Services              $2,280

De Lage Landen                       Services              $2,163
Financial Services


GLOBAL GEOPHYSICAL: Files Ch. 11 with Prepack Plan of Liquidation
-----------------------------------------------------------------
Less than two years after emerging from bankruptcy, Global
Geophysical Services, LLC, and certain of its subsidiaries filed
voluntary petitions under Chapter 11 of the Bankruptcy Code (Bankr.
S.D. Tex. Proposed Lead Case No. 16-20306) citing further deceases
in oil prices following their exit from the 2014 cases.

The Debtors have sought Bankruptcy Court protection on Aug. 3,
2016, to pursue a pre-packaged Chapter 11 plan of liquidation and
implement a wind-down of their businesses.  The Debtors solicited
votes on the Prepackaged Plan prior to commencement of these cases
with the voting classes unanimously voted to accept the Prepackaged
Plan, as disclosed in Court documents.

On March 25, 2014, GGS and certain of its affiliates filed
voluntary Chapter 11 petitions, which cases were jointly
administered under Case No. 14-20130.  The Bankruptcy Court
confirmed the Debtors' Chapter 11 plan on Feb. 6, 2015, and the
Plan became effective on Feb. 9, 2015.

Headquartered in Houston, Texas, GGS and the other Debtors
historically have provided an integrated suite of seismic-data
solutions to the global oil and gas industry consisting primarily
of seismic-data acquisition, micro-seismic monitoring, processing,
and interpretation services and the sale of seismic recording
equipment.

The Debtors operated internationally through foreign branch offices
of GGS and foreign non-debtor affiliates.  As the Petition Date,
substantially all of the Debtors' ongoing field operations have
ceased, with the exception of certain work in Brazil by a
non-debtor foreign subsidiary.  Other than Global Geophysical
Services Canada Inc., an Alberta corporation, and Sensor
Geophysical Ltd., an Alberta corporation, none of the foreign
subsidiaries currently are debtors in any proceeding.

Sean M. Gore, chief executive officer of Global Geophysical,
stated, "Like other energy-related service companies, the
performance of the Debtors' business is indirectly tied to the
price of oil and gas.  In particular, demand for seismic data
services and the projected value of the Debtors' multi-client
library depend on the amount of exploration being conducted by
upstream energy firms, which is largely driven by the forward price
curve of energy commodities.  As prices declined, so did the
projected capital expenditures of E&P companies, which in turn
depressed the fundamental valuations of the Debtors enterprise."

In their petitions, the Debtors estimated assets and liabilities in
the range of $100 million to $500 million.  As of the Petition, the
Debtors owe (i) approximately $85,104,644 of principal and accrued
and unpaid interest under a secured First Lien Credit Agreement,
dated as of Feb. 9, 2015, with Wilmington Savings Fund Society, FSB
as the administrative agent and collateral agent; and (ii)
approximately $40,445,999 principal and accrued and unpaid interest
under a secured Second Lien Credit Agreement, dated as of Feb. 9,
2015, with Wilmington Trust, National Association as the
administrative agent and collateral agent for the lenders.

Notwithstanding the Debtors' and their management's vast efforts to
improve revenues amid industry-wide challenges, by January of 2016
the Debtors were in breach of multiple covenants under the First
Lien Credit Agreement and facing mounting liquidity pressures.

After months of negotiation and forbearance, the First Lien Lenders
have agreed upon the terms of the Prepackaged Plan filed on the
Petition Date, which includes DIP financing, the means to implement
an orderly wind-down of the Debtors' business, and a transfer of
the multi-client library, real property, and the other NewCo Assets
to an entity formed by the First Lien Lenders.  While the First
Lien Lenders are undersecured, the Prepackaged Plan the Debtors
have negotiated for nevertheless provides for eventual
distributions to the Debtors' unsecured creditors, including the
subordinated Second Lien Lenders.

               The Debtors' Wind-Down and Liquidation

In January of 2016, the Debtors began to execute on a plan to wind
down their business.  Those initiatives include the marketing and
disposition of non-core assets, multiple rounds of work-force
reductions, an orderly cessation of operations in various
jurisdictions, and the filings of insolvency proceedings in Canada
for certain subsidiaries.

The Debtors' wind down will be more fully implemented pursuant to
the Plan.  First, the Debtors' business will be divided into two
primary groups: (i) a new entity to be owned 100% by the First Lien
Lenders ("NewCo"), which will own the multi-client library, real
property owned by the Debtors on the Petition Date (including their
headquarters facility near Houston), causes of action, and the
proceeds of certain intercompany receivables; and (ii) a
liquidating company, which will retain all assets of the Debtors
other than the NewCo Assets in order to implement an orderly wind
down.

Following the repayment of an exit working capital facility to be
provided to the Liquidating Company by affiliates of the First Lien
Lenders, proceeds from the Liquidating Assets will be shared as
follows: the First Lien Lenders will receive 66.66% of the net
proceeds on account of approximately $6 million of First Lien
obligations assumed by the Liquidating Company, and holders of
allowed General Unsecured Claims and the Second Lien Lenders will
receive a pro rata share of 33.33% of such proceeds.  After the
Assumed First Lien Debt has been satisfied, 100% of net proceeds of
the Liquidating Assets will go pro rata to the holders of Second
Lien Claims and allowed General Unsecured Claims.

In order to implement the plan, liquidate the assets of the
Liquidating Companies, and make distributions to creditors, on or
before the Effective Date, the Debtors will effectuate the
following the restructuring transactions, as further described in
Article VI of the Prepackaged Plan:

   * As of the Effective Date, all Parent Interests will be deemed
     cancelled, and Post-Effective Date Holdings will issue new
     membership interests, all of which will be issued to the Plan
     Administrator, and the Plan Administrator will be appointed
     as the sole officer and sole member of Post-Effective Date
     Holdings;

  *  On or prior to the Effective Date, NewCo will be incorporated
     under the laws of Delaware;

   * As of the Effective Date, NewCo will authorize and issue one
     class of equity securities consisting of the NewCo Common
     Stock, which will be distributed on the Effective Date in
     accordance with Section 5.2 of the Prepackaged Plan;

   * NewCo and the Liquidating Companies will enter into the
     Shared Services Agreement as of the Effective Date;

   * The Plan Administrator and the Liquidating Companies will
     enter into the Plan Administrator Agreement as of the
     Effective Date;

   * Pursuant to Section 1141(b) and (c) of the Bankruptcy Code,
     and except as otherwise provided in the Prepackaged Plan, the

     Liquidating Companies Exit Credit Agreement, the other Plan
     Documents or the Confirmation Order (or, with respect to
     NewCo, any portion of the obligations constituting the First
     Lien Claims that are assumed by NewCo), on the Effective
     Date: (i) the Liquidating Company Assets will vest in the
     Liquidating Companies free and clear of all Claims, liens,
     encumbrances, charges and other interests and (ii) the NewCo
     Assets will vest in NewCo, free and clear of all Claims,
     liens, encumbrances, charges, and other interests;

   * The Liquidating Companies and the agent and lenders
     thereunder will enter into the Liquidating Companies Working
     Capital Facility;

   * The Debtors will consummate the Prepackaged Plan by (i)
     making Distributions of the NewCo Common Stock and Cash, and
    (ii) causing the Liquidating Companies to enter into the
     Liquidating Companies Exit Credit Agreement; and

   * the releases provided for in Article VIII of the Plan will
     become effective.

Operationally, the Debtors' wind down plan consists of three
categories of simultaneous initiatives, on which the Debtors have
been executing since January of 2016:

    Group 1: the immediate cessation of any remaining operations
             in approximately 18 jurisdictions in which the
             Debtors' business is already mostly inactive;

    Group 2: near-term disposition or other cessation of
             operations in 12 jurisdictions or business units; and

    Group 3: longer-term plans to exit other jurisdictions and
             business units upon completion of current contracts
             and work in process, including in Brazil and the
             Isle of Man and with respect to corporate operational

             support.

                       First Day Motions

Contemporaneously with the petitions, the Debtors have filed
various first day motions seeking the Bankruptcy Court's permission
to, among other things, pay employee wages and benefits, use
existing cash management system, obtain debtor-in-possession
financing, reject certain leases and prohibit utility providers
from discontinuing services.  

The Debtors have hired Baker Botts LLP as counsel, Alvarez & Marsal
as financial advisor and Prime Clerk LLC as claims and notice
agent, subject to the Court's approval.  The cases are assigned to
Judge David R Jones.

A copy of the declaration in support of the First Day Motions is
available for free at:

           http://bankrupt.com/misc/2_GLOBAL_Declaration.pdf


GLOBAL GEOPHYSICAL: Files for Bankruptcy Anew
---------------------------------------------
BankruptcyData.com reported that privately-held Global Geophysical
Services and six affiliated Debtors filed for Chapter 11 protection
with the U.S. Bankruptcy Court in the Southern District of Texas,
lead case number 16-20306 (GGS International Holdings).  The
Company, which provides seismic data solutions to the oil and gas
industry, is represented by Ian E. Roberts of Baker Botts.
According to documents filed with the Court, "As the Petition Date,
substantially all of the Debtors' ongoing field operations have
ceased, with the exception of certain work in Brazil by a
non-debtor foreign subsidiary.  To execute on an orderly wind down
of their businesses, the Debtors employ approximately thirty seven
individuals globally, including twenty individuals located at the
headquarters in Houston, nine individuals located at various
business units, and eight individuals assisting with operations of
a Brazilian subsidiary."  Global Geophysical Services' Chapter 11
petition indicates total assets between $50 and 100 million.  The
Company emerged from a previous bankruptcy in February 2015.

           About Global Geophysical, Autoseis et al.

Based in Missouri City, Texas, Global Geophysical Services Inc. is
a provider of seismic data for the oil and gas drilling industry.


Previously, on March 25, 2014, the Company and five affiliates,
including Autoseis, Inc., filed Chapter 11 petitions in Corpus
Christi, Texas (Bankr. S.D. Tex. Lead Case No. 14-20130).  In
February 2015, the Company successfully completed its balance sheet
restructuring and emerged from bankruptcy, following confirmation
of its Second Amended Joint Chapter 11 Plan of Reorganization on
Feb. 6, 2015.


HAIMIL REALTY: Hires Ari Mor as Landlord-Tenant Counsel
-------------------------------------------------------
Haimil Realty Corp. seeks authorization from the Hon. Michael E.
Wiles of the U.S. Bankruptcy Court for the Southern District of New
York to employ Ari Mor, Esq. as special landlord-tenant counsel,
effective July 14, 2016.

The Debtor is the owner of a commercial condominium unit within the
building located at 209 East 2nd Street, New York, New York. The
Unit is presently occupied by DeGeest LLC dba Wafels & Dinges (the
"Tenant") which operates a restaurant within the Unit. The base
rent payable to the Debtor by the Tenant is currently $11,536.47
per month, plus real estate taxes of $539.13. The ongoing rents
paid by the Tenant are the Debtor's only source of revenues.

The Tenant is in default with regard to its payment obligations
under the Lease and presently owes the Debtor amounts totaling
approximately $145,478.

The Debtor wishes to pursue non-bankruptcy court proceedings and
remedies against the Tenant in connection with the described claims
and issues involving the Unit, the Lease and the Tenant, including
the eviction of the Tenant from the Unit. The Debtor requires
counsel experienced and knowledgeable in the areas of law and
practice associated with the Landlord-Tenant Issues.

The Debtor proposes to compensate Mr. Mor on a "hybrid" basis.
Specifically, the Retainer Agreement provides that Mr. Mor receive
an upfront, non-refundable "Litigation Retainer" of $1,800 for his
services. Additionally, the Debtor proposes to pay Mr. Mor a
contingency fee equal to 15% of any monetary amounts recovered by
the Debtor in connection with Mr. Mor's services concerning the
Landlord-Tenant Issues.

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

Mr. Mor 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.

Haimil Realty Corp., based in New York, filed for Chapter 11
bankruptcy (Bankr. S.D.N.Y. Case No. 14-11779) on June 11, 2014, in
Manhattan.  Douglas J. Pick, Esq., at Pick & Zabicki LLP, serves as
the Debtor's counsel.  In its schedules, the Debtor listed total
assets of $5.57 million and total liabilities of $332,847.  The
petition was signed by Menachem Haimovich, president.


HALCON RESOURCES: Can Borrow $500 Million in DIP Loans
------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware entered an
interim order authorizing Halcon Resources Corporation and certain
of its subsidiaries to obtain postpetition financing.

On Aug. 1, 2016, the Company entered into a Senior Secured
Debtor-in-Possession Revolving Credit Agreement, with the lenders
party thereto from time to time, and JPMorgan Chase Bank, N.A., as
administrative agent and collateral agent.

Under the DIP Credit Agreement, the DIP Lenders will make available
a $600 million debtor-in-possession senior secured, super-priority
revolving credit facility, which will, subject to the terms set
forth in the DIP Credit Agreement and the Exit Credit Agreement, be
rolled over or converted into, or otherwise refinanced with a $600
million exit senior secured reserve-based revolving credit
facility, which will be evidenced by that certain Senior Secured
Revolving Credit Agreement, by and among the Company, as borrower,
the lenders party thereto from time to time, and JPMorgan Chase
Bank, N.A., as administrative agent and collateral agent.

Pursuant to the terms of the Interim Order, the Debtors are
authorized to borrow on an interim basis under the DIP Credit
Agreement up to an aggregate principal amount of $500 million in
DIP Loans.  The Interim Order also granted certain protections to
the DIP Lenders including new post-petition replacement liens and
super-priority administrative expense claims in the Bankruptcy
Cases.  A hearing before the Bankruptcy Court to consider approval
of the DIP Facility on a final basis is scheduled for Aug. 23,
2016.  Upon entry of an order by the Bankruptcy Court approving the
DIP Facility on a final basis, the Debtors will be authorized to
borrow under the DIP Credit Agreement up to $600 million in
aggregate principal amount of DIP Loans.

The Debtors anticipate using the proceeds of the DIP Facility to,
among other things, (i) refund, refinance or replace the Company's
existing senior credit facility, (ii) provide for working capital
and other general corporate purposes, including to finance capital
expenditures and the making of certain interest payments as and to
the extent set forth in the Interim Order and/or the final order,
as applicable, of the Bankruptcy Court and in accordance with the
Company’s budget and (iii) pay fees and expenses related to the
transactions contemplated by the DIP Credit Agreement in accordance
with such budget.

The maturity date of the DIP Facility is the earlier of (i) the
date that is three months following the Commencement Date, provided
that such date may be extended in three-month increments at the
request of the Company in its sole discretion, but in no event
beyond the date that is 12 months after the Commencement Date and
(ii) the effective date of a plan of reorganization that is
confirmed pursuant to an order entered by the Bankruptcy Court.

The DIP Loans bear interest at a rate per annum equal to (i) the
alternative base rate plus an applicable margin of 1.75% to 2.75%,
based on the utilization percentage of commitments under the DIP
Credit Agreement or (ii) adjusted LIBOR plus an applicable margin
of 2.75% to 3.75%, based on the utilization percentage of
commitments under the DIP Credit Agreement, in each case, as
selected by the Company.

Subject to certain exceptions, the DIP Facility is secured by a
super-priority senior secured perfected security interest in
substantially all of assets of the Company and the subsidiary
guarantors.  The security interests and liens are subject to
certain carve-outs and permitted liens, as set forth in the DIP
Credit Agreement.

The DIP Credit Agreement contains certain (i) customary
representations and warranties; (ii) affirmative and negative
covenants, including delivery of financial statements; conduct of
business; reserve reports; title information; "carve-out";
indebtedness; liens; dividends and distributions; investments; sale
or discount of receivables; mergers; sale of properties;
termination of swap agreements; transactions with affiliates;
negative pledges; dividend restrictions; gas imbalances;
take-or-pay or other prepayments and swap agreements; and (iii)
events of default, including non-payment; breaches of
representations and warranties; non-compliance with covenants or
other agreements; cross-default to material indebtedness;
judgments; change of control; dismissal (or conversion to chapter
7) of the Bankruptcy Cases; and failure to satisfy certain
bankruptcy milestones.

A full-text copy of the DIP Credit Agreement is available at:

                     https://is.gd/kc7QOd

                    About Halcon Resources

Halcon Resources Corporation is an independent energy company
engaged in the acquisition, production, exploration and development
of onshore oil and natural gas properties in the United States.

Halcon Resources and 21 of its subsidiaries each filed a voluntary
petition under Chapter 11 of the Bankruptcy Code (Bankr. D. Del.
Case Nos. 16-11724 through 16-11745) on July 27, 2016.  The
petitions were signed by Stephen W. Herod as president.  The
Debtors listed assets of $2.84 billion and debts of $3.14 billion
as of March 31, 2016.

The Debtors have hired Young Conaway Stargatt & Taylor, LLP and
Weil, Gotshal & Manges LLP as co-counsel; PJT Partners LP as
investment banker; Alvarez & Marsal North America, LLC as
restructuring advisor; and Epiq Bankruptcy Solutions, LLC as
claims, noticing and solicitation agent.


HALCON RESOURCES: Hires Epiq as Claims and Noticing Agent
---------------------------------------------------------
Halcon Resources Corporation, et al., seek authority from the U.S.
Bankruptcy Court for the District of Delaware to employ Epiq
Bankruptcy Solutions LLC as claims and noticing agent to the
Debtors.

Halcon Resources requires Epiq to:

   (a) prepare and serve required notices and documents in these
       cases in accordance with the Bankruptcy Code and the
       Federal Rules of Bankruptcy Procedure in the form and
       manner directed by the Debtors and/or the Court, including
       without limitation (i) notice of the commencement of the
       cases and, if necessary, the initial meeting of creditors
       under Bankruptcy Code § 341(a), (ii) notice of any claims
       bar date, (iii) notices of transfers of claims, (iv)
       notices of objections to claims and objections to
       transfers of claims, (v) notices of any hearings on a
       disclosure statement and confirmation of the Debtors' plan
       or plans of reorganization, including under Bankruptcy
       Rule 3017(d), (vi) notice of the effective date of any
       plan, and (vii) all other notices, orders, pleadings,
       publications, and other documents as the Debtors or Court
       may deem necessary or appropriate for an orderly
       administration of the cases;

   (b) maintain an official copy of the Debtors' schedules of
       assets and liabilities and statement of financial affairs
       (collectively, "Schedules"), listing the Debtors' known
       creditors and the amounts owed thereto (to the extent the
       Debtors are not excused from complying with the
       requirement that they file Schedules with the Court);

   (c) maintain (i) a list of all potential creditors, equity
       holders, and other parties in interest and (ii) a "core"
       mailing list consisting of all parties described in
       sections 2002(i), (j), and (k), and those parties that
       have filed a notice of appearance pursuant to Bankruptcy
       Rule 9010; update said lists and make said lists available
       upon request by a party in interest or the office of the
       clerk of the bankruptcy court (the "Clerk");

   (d) furnish a notice to all potential creditors of the last
       date for the filing of proofs of claim and a form for the
       filing of a proof of claim, after such notice and form are
       approved by the Court, and notify said potential creditors
       of the existence, amount and classification of their
       respective claims as set forth in the Schedules, which may
       be effected by inclusion of such information (or the lack
       thereof, in cases where the Schedules indicate no debt due
       to the subject party) on a customized proof of claim form
       provided to potential creditors;

   (e) maintain a post office box or address for the purpose of
       Receiving claims and returned mail, and process all such
       mail received;

   (f) for all notices, motions, orders, or other pleadings or
       Documents served, prepare and file, or caused to be filed,
       with the Clerk an affidavit or certificate of service
       within seven (7) business days of service which includes
       (i) either a copy of the notice served or the docket
       numbers(s) and title(s) of the pleading(s) served, (ii) a
       list of persons to whom it was mailed (in alphabetical
       order) with their addresses, (iii) the manner of service,
       and (iv) the date served;

   (g) process all proofs of claim received, including those
       received by the Clerk's office, and check said processing
       for accuracy, and maintain the original proofs of claim in
       a secure area;

   (h) maintain the official claims register for each Debtor (the
       "Claims Registers") on behalf of the Clerk; upon the
       Clerk's request, provide specify in the Claims Registers
       the following information for each claim docketed (i) the
       claim number assigned, (ii) the date received, (iii) the
       name and address of the claimant and agent, if applicable,
       who filed  the  claim,  (iv) the  amount  asserted,  (v)
       the  asserted classification(s) of the claim (e.g.,
       secured, unsecured, priority, etc.), (vi) the applicable
       Debtor, and (vii) any disposition of the claim;

   (i) implement necessary security measures to ensure the
       completeness and integrity of the Claims Registers and the
       safekeeping of the original claims;

   (j) record all transfers of claims and provide any notices of
       such transfers as required by Bankruptcy Rule 3001(e);

   (k) relocate, by messenger or overnight delivery, all of the
       court-filed proofs of claim to their offices, not less
       than weekly;

   (l) upon completion of the docketing process for all claims
       received to date for each case, turn over to the Clerk
       copies of the Claims Registers for the Clerk's review
       (upon the Clerk's request);

   (m) monitor the Court's docket for all notices of appearance,
       address changes, and claims-related pleadings and orders
       filed and make necessary notations on and/or changes to
       the Claims Registers;

   (n) assist in the dissemination of information to the public
       and respond to requests for administrative information
       regarding the case as directed by the Debtors or the
       Court, including through the use of a case website and/or
       call center;

   (o) if the case is converted to chapter 7, contact the Clerk's
       Office within three (3) days of the notice to Epiq of
       entry of the order converting the case;

   (p) thirty (30) days prior to the close of these cases, to the
       Extent practicable, request that the Debtors submit to the
       Court a proposed Order dismissing Epiq and terminating its
       services upon completion of its duties and
       responsibilities and upon the closing of these chapter 11
       cases;

   (q) within seven (7) days of notice to Epiq of entry of an
       order closing the chapter 11 cases, Epiq shall provide to
       the Court the final version of the Claims Registers as of
       the date immediately before the close of the cases; and
       the Clerk with certified, duplicate unofficial Claims
       Registers; and

   (r) at the close of these cases, box and transport all
       original documents, in proper format, as provided by the
       Clerk's office, to (i) the Federal Archives Record
       Administration, located at Central Plains Region, 200
       Space Center Drive, Lee's Summit, MO 64064 or (ii) any
       other location requested by the Clerk's office.

Epiq will be paid a retainer in the amount of $25,000.

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

James Katchadurian, executive vice president with Epiq Bankruptcy
Solutions, LLC, assured the Court that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code and does not represent any interest adverse to the Debtors and
their estates.

Epiq can be reached at:

     James Katchadurian
     EPIQ BANKRUPTCY SOLUTIONS, LLC
     824 N. Market Street, Suite 412
     Wilmington, DE 19801
     Tel: (646) 282-2549
     E-mail: jkatchadurian@epiqsystems.com

                  About Halcon Resources

Halcon Resources Corporation is an independent energy company
engaged in the acquisition, production, exploration and
development
of onshore oil and natural gas properties in the United States.

Halcon Resources and 21 of its subsidiaries each filed a voluntary
petition under Chapter 11 of the Bankruptcy Code (Bankr. D. Del.
Case Nos. 16-11724 through 16-11745) on July 27, 2016.  The
petitions were signed by Stephen W. Herod as president.  The
Debtors listed assets of $2.84 billion and debts of $3.14 billion
as of March 31, 2016.

The Debtors have hired Young Conaway Stargatt & Taylor, LLP and
Weil, Gotshal & Manges LLP as co-counsel; PJT Partners LP as
investment banker; Alvarez & Marsal North America, LLC as
restructuring advisor; and Epiq Bankruptcy Solutions, LLC as
claims, noticing and solicitation agent.


HARBOR FREIGHT: Moody's Rates Proposed Sr. Secured Term Loan Ba3
----------------------------------------------------------------
Moody's Investors Service rated Harbor Freight Tools USA, Inc.'s
proposed $2.2 billion senior secured term loan at Ba3. In addition,
HFT's Ba3 Corporate Family Rating, Ba3-PD Probability of Default
Rating and B1 rating on the existing senior secured term loan were
affirmed. The rating outlook is stable.

Proceeds from the new senior secured term loan will be used to
refinance existing debt and the balance, together with borrowings
under its asset based revolving credit facility and excess cash
held by the company, will be used to fund a dividend to HFT's
shareholders.

The proposed transaction will increase HFT leverage such that
Moody's estimates pro forma debt to EBITDA at April 30, 2016 will
be approximately 4.6 times. The affirmation of the Ba3 Corporate
Family Rating with a stable outlook acknowledges the continued
strength in HFT's operating performance including its cash flow
generation which will allow HFT to quickly reduce leverage. The
affirmation also reflects Moody's expectations that debt to EBITDA
will fall back below the 4.5 times downward rating trigger over the
next twelve months due to a combination of earnings growth and debt
repayment over and above required amortization.

The assignment of the Ba3 rating to the proposed senior secured
term loan reflects this debts position within the revised capital
structure where it will represent the substantial majority of
outstanding funded debt. The rating also reflects the new term
loans junior position to the senior secured ABL revolver in a
distress scenario and the amount of junior claims, such as leases,
that provide support to both the term loan and ABL.

Ratings assigned are;:

$2.2 billion term loan due 2023 at Ba3 (LGD 4)

The following ratings are affirmed:

Corporate Family Rating at Ba3

Probability of Default Rating at Ba3-PD

The following rating is affirmed and will be withdrawn upon the
closing of the transaction and their repayment in full:

$1.0 billion Sr. Secured term loan at B1 (LGD 4)

RATINGS RATIONALE

HFT's Ba3 Corporate Family Rating is supported by its success in
providing value priced tools and equipment, strong operating
performance, and further opportunities for continued store
expansion. In addition, HFT's direct sourcing and proprietary brand
strategy drives high EBIT margins and healthy cumulative free cash
flow. Value priced retailers, such as HFT, remain well positioned
in the current economic environment and will increase its
visibility through disciplined store expansion. The rating also
reflects HFT's small scale relative to larger home improvement and
auto parts retailers, as well as its more narrow product offering.

HFT's Ba3 Corporate Family Rating also reflects its track record of
paying sizable debt financed dividends to its shareholders. This
has resulted in HFT having a history of periodically increasing its
debt levels and then subsequently deleveraging through earnings
growth.

Moody's said, "Positive ratings consideration is also given to
HFT's good liquidity, which is supported by, adequate levels of
cash on hand, healthy free cash flow, and its proposed $700 million
ABL (not rated). Although the proposed ABL facility size is ample,
we expect approximately $550 million to be outstanding over the
next twelve to eighteen months. In addition, HFT has no near term
maturities until 2021 when the proposed asset based revolving
credit facility is due.

"The stable outlook considers HFT's track record of meeting
earnings expectations, history of debt financed dividends and our
expectation that the company will quickly deleverage through a
combination of earnings growth and debt reduction over and above
required amortization. The stable outlook also acknowledges an
expectation that new store expansion will increase above historic
levels but also assumes that growth will remain disciplined and at
a measured pace."

Factors that could result in an upgrade would include a financial
policy that resulted in credit metrics representative of a higher
rating on a consistent and sustained basis. An upgrade would
require HFT to consistently maintain leverage on a debt to EBITDA
basis of below 3.75 times on a sustained basis.

Moody's said, "Ratings could be downgraded should operating
performance falter or should HFT undertake further debt financed
dividends that resulted in a sustained increase in leverage.
Quantitatively, ratings could be downgraded if we expected the
company to sustain debt to EBITDA above 4.5 times."

Privately-held, Harbor Freight Tools USA, Inc., headquartered in
Calabasas, California, sells value priced tools and equipment
through over 650 stores in 47 states as well as through the
internet and catalogues. Revenues are about $3.4 billion.


HAWAIIAN ELECTRIC: Moody's Cuts Preferred Stock Rating to 'Ba1'
---------------------------------------------------------------
Moody's Investors Service downgraded Hawaiian Electric Company
(HECO)'s senior unsecured rating to Baa2 from Baa1. Parent holding
company Hawaiian Electric Industries' (HEI)'s short-term rating for
commercial paper was also downgraded to P-3 from P-2. The outlooks
for HECO and HEI are stable. The ratings and outlook for HEI's bank
subsidiary, American Savings Bank, FSB (a3 Baseline Credit
Assessment, Baa1 issuer rating, stable), were unaffected by the
rating action.

RATING RATIONALE

"The ratings downgrade is prompted by our concern that HECO will
continue to face significant challenges in transforming its
generation base to 100% renewable sources in an unpredictable and
highly political regulatory environment," said Toby Shea VP --
Senior Credit Officer of Moody's. "We believe that the regulatory
environment could become contentious as this transformation is
executed despite recently falling customer bills, driven by lower
fuel oil prices, and the company's decision to moderate it's still
significant capital expenditure program," he added.

Moody's said, "The rating downgrade reflects the strained
relationship with its regulators and interveners as it strives to
replace its fossil-based generation with renewable sources. We
expect there to be continued friction with regulators and
interveners because HECO is expected to implement, through its
utility operations, ambitious public policy goals, such as
achieving a 100% renewable portfolio standard by 2045. These
demands would be challenging for any utility in the US but only
more so for a company the size of HECO, which only has about
460,000 customers.

"Tempering our concerns is HECO's robust suite of regulatory cost
recovery mechanisms and a supportive legislative framework to
facilitate the transformation. Hawaii's cost recovery mechanisms
provide for, among other things, revenue decoupling, a forward test
year and automatic recognition of baseline capital expenditures.
The legislature has also supported HECO with legislation that
directs the Hawaii Public Utilities Commission (HPUC) to consider
stranded cost recovery on retiring fossil plants to expedite the
transformation to renewable generation. HECO and its utility
subsidiaries receive an above industry average authorized equity
capitalization of 56%, though the company's authorized returns on
equity are on par with the industry norm."

Moody's said, "HECO's cash flow to debt metrics are consistent with
its Baa2 rating but could be considerably higher if not for its
large underfunded pension obligations. HECO's adjusted CFO
Pre-WC/debt is around 18% to 20% but would be in the high 20% range
without the $500 million imputed debt associated underfunded
pension liabilities. Even though HECO has a pension tracker, we do
not expect the underfunding levels to improve materially because
the tracker only assures the eventual collection of the
underfunding but not necessarily on a timely basis."

Moody's said, "The downgrade of HEI's commercial paper rating to
P-3 reflects HEI's heavy dependence on HECO. Although HEI also owns
American Savings Bank, we view HECO as the primary credit and
ratings driver of the parent company."

Liquidity

HECO has adequate liquidity for the demands of its operations. The
latest capital expenditure plan will likely result in about $100
million of negative free cash flow before dividends in 2017. In
comparison, HECO has a $200 million revolving credit facility. HECO
has no debt maturities for the remainder of 2016 and 2017 except
for about $13 million of commercial paper outstanding at the end of
first quarter 2016. HEI can provide additional liquidity with its
$150 million revolving credit facility and a consolidated cash
balance of $334 million at 31 March 2016 but it also has $125
million term loan coming due in October of 2017 and $82 million of
commercial paper outstanding at the end of first quarter 2016.

HEI and HECO's revolving credit agreements expire in April 2019.
They do not contain any rating triggers that would affect access to
the commitment and do not require material adverse change (MAC)
representation for borrowings.

Rating Outlook

Moody's said, "The stable outlook reflects our expectation that
Hawaii's strong existing regulatory provisions and legislative
support will be sufficient to counterbalance HECO's execution
challenges as it transforms its generation base to all renewables
in an unpredictable and political regulatory environment."

What Could Change the Rating - Up

Moody's said, "We could take a positive rating action if we believe
HECO's challenges of transforming its generation base have
fundamentally diminished; if the regulatory environment becomes
more credit supportive and less political.

What Could Change the Rating - Down

"We could take a negative action should HECO encounter additional
difficulties with regulators and interveners as it executes on its
renewable capital spending plan; any of its existing, supportive
regulatory provisions are adversely changed or scaled back; or if
its CFO Pre-WC/debt falls to the low teens."

Downgrades:

-- Issuer: Hawaii Department of Budget & Finance

-- Senior Unsecured Revenue Bonds (Local Currency) Jan 1, 2025,
    Downgraded to Baa2 from Baa1

-- Senior Unsecured Revenue Bonds (Local Currency) Mar 1, 2037,
    Downgraded to Baa2 from Baa1

-- Senior Unsecured Revenue Bonds (Local Currency) Jul 1, 2039,
    Downgraded to Baa2 from Baa1

-- Senior Unsecured Revenue Bonds (Local Currency) Mar 1, 2037,
    Downgraded to Baa2 from Baa1

-- Senior Unsecured Revenue Bonds (Local Currency) Mar 1, 2037,
    Downgraded to Baa2 from Baa1

-- Senior Unsecured Revenue Bonds (Local Currency) May 1, 2026, \
    Downgraded to Baa2 from Baa1

-- Senior Unsecured Revenue Bonds (Local Currency) May 1, 2026,
    Downgraded to Baa2 from Baa1

-- Issuer: Hawaiian Electric Company, Inc.

--  Issuer Rating, Downgraded to Baa2 from Baa1

-- Pref. Stock Preferred Stock (Local Currency), Downgraded to
    Ba1 from Baa3

-- Pref. Stock Preferred Stock (Local Currency), Downgraded to
    Ba1 from Baa3

-- Pref. Stock Preferred Stock (Local Currency), Downgraded to
    Ba1 from Baa3

-- Pref. Stock Preferred Stock (Local Currency), Downgraded to
    Ba1 from Baa3

-- Issuer: Hawaiian Electric Industries, Inc.

-- Senior Unsecured Commercial Paper (Local Currency), Downgraded

    to P-3 from P-2

-- Issuer: HECO Capital Trust III

-- Pref. Stock Preferred Stock (Local Currency) Mar 18, 2034,
    Downgraded to Baa3 from Baa2

Outlook Actions:

-- Issuer: Hawaiian Electric Company, Inc.

-- Outlook, Changed To Stable From Negative

-- Issuer: Hawaiian Electric Industries, Inc.

-- Outlook, Changed To Stable From Negative

-- Issuer: HECO Capital Trust III

-- Outlook, Changed To Stable From Negative

Affirmations:

-- Issuer: Hawaiian Electric Company, Inc.

--  Commercial Paper (Local Currency), Affirmed P-2


HAWAIIAN RIVERBEND: Taps Wagner Choi as Substitute Counsel
----------------------------------------------------------
Hawaiian Riverbend LLC seeks authorization from the U.S. Bankruptcy
Court for the District of Hawaii to employ Wagner Choi and
Verbrugge as substitute bankruptcy counsel, effective July 19,
2016.

The Debtor requires Wagner Choi to:

   (a) advise the Debtor with respect to the requirements and
       provisions of the Bankruptcy Code, the Federal Rules of
       Bankruptcy Procedure, Local Bankruptcy Rules, U.S. Trustee
       Guidelines and any other bankruptcy-related laws, rules or
       regulations which may affect the Debtor;

   (b) assist the Debtor in an analysis of bankruptcy-related
       options and preparation of a disclosure statement and
       formulation of a Chapter 11 plan of reorganization;

   (c) advise the Debtor concerning the rights and remedies of the
       estate and of the Debtor in regard to adversary proceedings

       which may be removed to, or initiated in, the Bankruptcy
       Court; and

   (d) represent the Debtor in any proceeding or hearing in the
       Bankruptcy Court in any action where the rights of the
       estate or the Debtor may be litigated, or affected.

Wagner Choi will be paid at these hourly rates:

       James A. Wagner           $480
       Chuck C. Choi             $380
       Neil J. Verbrugge         $290
       Allison A. Ito            $230
       Paralegals                $90

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

The Debtor also requests to pay Wagner Choi a post-petition
retainer in the amount of $25,000, which will be funded by a
capital contribution from the Debtor's member.

Chuck C. Choi, partner of Wagner Choi, 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.

Wagner Choi can be reached at:

       Chuck C. Choi, Esq.
       Allison A. Ito, Esq.
       WAGNER CHOI AND VERBRUGGE
       745 Fort Street, Suite 1900
       Honolulu, HI 96813
       Tel: (808) 533-1877
       Fax: (808) 566-6900
       E-mail: cchoi@hibklaw.com
               aito@hibklaw.com

Hawaiian Riverbend LLC, based in Saratoga, Cal., filed a Chapter 11
petition (Bankr. D. Hawaii Case No. 16-00348) on April 4, 2016.
The Hon. Robert J. Faris presides over the case.  Ramon J. Ferrer,
Esq., serves as bankruptcy counsel.

In its petition, the Debtor indicated $8.65 million in total assets
and $1.71 million in total debts.  The petition was signed by Ryan
Smith, co-manager.


HEADWATERS INCORPORATED: Moody's Affirms B1 Corp Family Rating
--------------------------------------------------------------
Moody's Investors Service affirmed Headwaters Incorporated's B1
Corporate Family Rating and B1-PD Probability of Default Rating
following Headwaters' announcement that it is acquiring Krestmark
Group. In related rating actions, Moody's downgraded its Sr. Sec.
Term Loan B due 2022 to B1 from Ba3. Since the term loan is being
increased to about $770 million from around $420 million it now
represents the preponderance of debt, warranting the downgrade.
Terms and conditions for the add-on will be the same as those for
the existing first lien term loan due 2022. Proceeds from the term
loan add-on, along with some cash on hand, will be used to acquire
Krestmark, to redeem the company's existing $99 million Notes due
2019, and to pay related fees and expenses. At that time, the
rating assigned to the existing notes will be withdrawn. The rating
outlook is stable.

Following the closing of the proposed transaction, Headwaters' debt
capital structure will consist of a $70 million asset-based senior
secured revolving credit facility expiring 2020 (unrated), of which
there is expected to be no borrowings, and a $770 million senior
secured term loan due 2022.

Headwaters is acquiring Krestmark, a privately owned company, for
approximately $240 million, excluding fees and expenses. Krestmark
is domestic manufacturer of vinyl and aluminum window products in
the Texas and South Central regions. The acquisition of Krestmark
adds the window product category to Headwaters' other building
products.

The following ratings/assessments were affected by this action:

Corporate Family Rating affirmed at B1;

Probability of Default Rating affirmed at B1-PD; and,

Sr. Sec. Term Loan B due 2022 downgraded to B1 (LGD4) from Ba3
(LGD3).

Speculative Grade Liquidity Rating of SGL-2 is affirmed.

RATINGS RATIONALE

Moody's said, "Headwaters' B1 Corporate Family Rating remains
appropriate at this time despite increased levels of debt. Balance
sheet debt at closing of the Krestmark acquisition is increasing to
$770 million, almost 50% higher than 3Q16 levels. Leverage is
worsening but remains supportive of current ratings. Moody's
estimates debt leverage worsening to approximately 4.0x on a pro
forma basis from about 3.0x as of June 30, 2016. Pro forma analysis
includes revenues and earnings from the recently announced
Krestmark purchase, as well as some cost savings from synergies.
Our standard adjustments add about $110 million of additional debt
for operating lease commitments, resulting in total adjusted
balance sheet debt of approximately $880 million on a pro forma
basis at 3Q16. Interest coverage (EBITA-to-interest expense) is
actually getting better on a pro forma basis, rising to about 4.0x
from 3.8x for LTM 3Q16 ended June 30, 2016. Headwaters is
benefitting from low-interest debt, despite higher debt balances,
as well as from incremental earnings from Krestmark. US
construction activity, main driver of Headwaters' revenues and
resulting earnings, is showing signs of sustained strength. Over
the next 12-18 months, Moody's projects Headwaters' EBITA margins
approaching 15.5%, highest since FY07, from around 15% pro forma
LTM 3Q16. All ratios incorporate Moody's standard adjustments. We
also forecast Headwaters generating throughout the year positive
free cash flow, which is anticipated to be used for debt reduction
and further enhancing key debt credit metrics."

However, risks remain. Absolute levels of debt are steadily
increasing due to multiple debt-financed acquisitions. Upon closing
of Krestmark acquisition, total adjusted debt burden of $770
million will be the greatest Headwaters has ever assumed. Also,
domestic construction is highly cyclical, and could turn downward
very quickly, posing a significant credit risk to Headwaters.
Demand for window products is highly seasonal and very competitive,
creating more pressures in a downturn.

Headwaters Inc., headquartered in South Jordan, Utah, is a domestic
building products company. It has mainly two lines of businesses:
Building Products and Construction Materials. The Building Products
business manufactures and sells manufactured architectural stone,
siding accessory products, roof products, concrete block and now
windows. The Construction Materials operations market coal
combustion products ("CCPs"), including fly ash that is primarily
used as a partial replacement for cement in concrete. Inclusive of
Krestmark, pro forma revenues for the last 12 months through June
30, 2016 totaled approximately $1.0 billion.


HECK INDUSTRIES: Hires Apple Guerin as Accountant
-------------------------------------------------
Heck Industries, Inc. seeks authority from the U.S. Bankruptcy
Court for the Middle District of Louisiana to employ Apple Guerin
Company, LLC as accountant to the Debtor.

Heck Industries requires Apple Guerin to perform professional
accounting services for the Debtor in connection with the Chapter
11 case.

Apple Guerin will be paid at these hourly rates:

     Cindy Adams                 $200
     Alice Tallis                $190
     Jude Guerin                 $153
     Lisa Lawless                $80

Apple Guerin estimates that the total cost for its services will be
between $9,000 and $10,000.

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

Cynthia S. Adams, member of Apple Guerin Company, LLC, assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtor and its estate.

Apple Guerin can be reached at:

     Cynthia S. Adams
     APPLE GUERIN COMPANY, LLC
     6421 Perkins Road Bldg A, Suite 1-B
     Baton Rouge, LA 70808
     Tel: (225) 767-1020
     Fax: (225) 767-1078

                      About Heck Industries

Heck Industries, Inc., sought Chapter 11 protection (Bankr. M.D.
La. Case No. 16-10516) on April 29, 2016, in Baton Rouge,
Louisiana.  The Hon. Douglas D. Dodd is the case judge.  William E.
Steffes, Esq., Noel Steffes Melancon, Esq., and Barbara B. Parsons,
Esq., at Steffes, Vingiello & McKenzie, L.L.C., serve as the
Debtor's bankruptcy counsel.

The Debtor is the owner of a concrete supply business which has
operated throughout Louisiana since 1957. The Debtor's chapter 11
case was precipitated by a severe strain on collection of its
accounts receivable due to, among other things, unfortunate weather
conditions hampering the Debtor's ability to complete numerous jobs
awarded to it.

The Debtor estimated $1 million to $10 million in assets and debt.


HILTON WORLDWIDE: Moody's Rates $3.225BB Term Loan Amendment Ba1
----------------------------------------------------------------
Moody's Investors Service assigned a Ba1 rating to Hilton Worldwide
Finance, LLC proposed $3.225 billion amendment and extension of its
Term Loan B.  Hilton's Ba2 Corporate Family Rating, Ba2-PD
Probability of Default Rating, Ba1 Bank Credit Facilities rating,
and Ba3 senior unsecured notes rating are unchanged.  The rating
outlook remains stable.

Moody's views the amendment and extension as a credit positive as
it will push out the maturity of $3.225 billion of the existing
term loan by three years to 2023 from 2020.  $1 billion of the term
loan will remain due at the original maturity date in 2020.

These ratings were assigned:

  Proposed $3.225 billion Senior Secured Term Loan B2 due 2023 at
   Ba1 (LGD3)

                         RATINGS RATIONALE

Hilton's Ba2 Corporate Family Rating reflects its large scale (with
about 765,000 rooms), its well-recognized brands, and good
diversification by geography and industry segment.  The rating also
acknowledges its moderate leverage and good interest coverage.
Following the spin-off of the real estate and timeshare businesses,
debt to EBITDA will temporarily weaken before approaching 4.5x over
the next twelve to eighteen months.  EBITA to interest expense is
about 3.6 times.  Also considered is that following the spin-offs,
Hilton's remaining business will be concentrated in the hotel
management and franchise business segment which we view as being
less exposed to cyclical downturns given the low capital intensity,
high operating margins and level of base management fees of this
business segment.  The rating is supported by Hilton's very good
liquidity as provided by its sizable free cash flow and $1 billion
revolving credit facility.

The stable outlook acknowledges that Moody's expects Hilton to
maintain a balanced financial policy and good liquidity.  It also
acknowledges Moody's expectation that the increase in leverage
following the spin-offs is temporary and that leverage will return
to levels appropriate for the Ba2 rating over the next twelve to
eighteen months.

Ratings could be upgraded if should Hilton achieve and maintain
debt/EBITDA (Moody's adjusted basis) below 4.25 times and
EBITA/interest expense of at least 4.0 times.  An upgrade would
also require Hilton maintaining a financial policy that supports
credit metrics remaining within these levels.

Ratings could be lowered should debt/EBITDA likely being sustained
above 4.75 times or EBITA to interest expense likely to remain
below 3.0 times.

Hilton Worldwide Holdings Inc. is a leading hospitality company
with 4,700 managed, franchised, owned and leased hotels, resorts
and timeshare properties comprising about 776,000 rooms in 104
countries and territories.  Affiliates of The Blackstone Group L.P.
own approximately 45.8% of Hilton.  Annual net revenues (prior to
the spin-offs) are over $7.1 billion.  Following the spin-off,
annual net revenues will be about $3.4 billion.

The principal methodology used in this rating was Business and
Consumer Service Industry published in December 2014.


HINNEN CORPORATION: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------------
Debtor: Hinnen Corporation, a New Mexico Corporation
           dba Midas Auto Service Experts
           dba Midas of Albuquerque
           dba Midas Muffler
        1129 Juan Tabo Blvd. NE
        Albuquerque, NM 87112

Case No.: 16-11940

Chapter 11 Petition Date: August 2, 2016

Court: United States Bankruptcy Court
       District of New Mexico (Albuquerque)

Judge: Hon. David T. Thuma

Debtor's Counsel: Bonnie P. Bassan, Esq.
                  MOORE, BASSAN & BEHLES P.C.
                  3800 Osuna Rd NE, STE #2
                  Albuquerque, NM 87109
                  Tel: 505-242-1218
                  Fax: 505-242-2836
                  E-mail: mbglaw@swcp.com

                     - and -

                  Daniel J Behles, Esq.
                  MOORE, BASSAN & BEHLES P.C.
                  3800 Osuna Rd NE, STE #2
                  Albuquerque, NM 87109
                  Tel: 505-242-1218
                  Fax: 505-242-2836
                  E-mail: dan@behles.com

                     - and -

                  George M Moore, Esq.
                  MOORE, BASSAN & BEHLES P.C.
                  3800 Osuna Rd NE, STE #2
                  Albuquerque, NM 87109
                  Tel: 505-242-1218
                  Fax: 505-242-2836
                  E-mail: mbglaw@swcp.com

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

Estimated Liabilities: $1 million to $10 million

The petition was signed by James Craig Hinnen, president.

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/nmb16-11940.pdf


IDERA PHARMACEUTICALS: Incurs $13.5 Million Net Loss in Q2
----------------------------------------------------------
Idera Pharmaceuticals, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $13.5 million on $301,000 of alliance revenue for the three
months ended June 30, 2016, compared to a net loss of $12.7 million
on $5,000 of alliance revenue for the same period a year ago.

For the six months ended June 30, 2016, the Company reported a net
loss of $26.3 million on $595,000 of alliance revenue compared to a
net loss of $25.2 million on $39,000 of alliance revenue for the
six months ended June 30, 2015.

As of June 30, 2016, Idera had $69.2 million in total assets, $8.18
million in total liabilities and $61.04 million in total
stockholders' equity.

As of June 30, 2016, the Company had approximately $64,096,000 in
cash, cash equivalents and investments, a net decrease of
approximately $23,061,000 from Dec. 31, 2015.  Net cash used in
operating activities totaled $22,514,000 during the six months
ended June 30, 2016, reflecting our $26,308,000 net loss for the
period, as adjusted for non-cash income and expenses, including
stock-based compensation, depreciation and amortization expense and
accretion of investment premiums.  Net cash used in operating
activities also reflects changes in the Company's prepaid expenses,
accounts payable, accrued expenses and other liabilities and the
recognition of deferred revenue.

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

                     https://is.gd/lJow6j

                         About Idera

Cambridge, Massachusetts-based Idera Pharmaceuticals, Inc., is a
clinical stage biotechnology company engaged in the discovery and
development of novel synthetic DNA- and RNA-based drug candidates
that are designed to modulate immune responses mediated through
Toll-like Receptors, or TLRs.  The Company has two drug
candidates, IMO-3100, a TLR7 and TLR9 antagonist, and IMO-8400, a
TLR7, TLR8, and TLR9 antagonist, in clinical development for the
treatment of autoimmune and inflammatory diseases.

Idera Pharmaceuticals reported a net loss attributable to common
stockholders of $39.2 million in 2014, a net loss applicable to
common stockholders of $21.09 million in 2013 and a net loss
applicable to common stockholders of $22.5 million in 2012.


III EXPLORATION II: Hires Donlin as Claims and Noticing Agent
-------------------------------------------------------------
III Exploration II LP, seeks authority from the U.S. Bankruptcy
Court for the District of Utah to employ Donlin Recano & Company,
Inc. as claims and noticing agent to the Debtor.

III Exploration II requires Donlin to:

   (a) prepare and serve required notices and documents in the
       chapter 11 case in accordance with the Bankruptcy Code and
       the Federal Rules of Bankruptcy Procedure (the "Bankruptcy
       Rules") in the form and manner directed by the Debtor
       and/or the Court including (i) notice of the commencement
       of the chapter 11 case and the initial meeting of
       creditors under 11 U.S.C. Sec 341(a), (ii) notice of
       any claims bar date, (iii) notices of transfers of claims,
       (iv) notices of objections to claims and objections to
       transfers of claims, (v) notices of any hearings on a
       disclosure statement and confirmation of the Debtor's plan
       or plans of reorganization, including under Bankruptcy
       Rule 3017(d), (vi) notice of the effective date of any
       plan and (vii) all other notices, orders, pleadings,
       publications and other documents as the Debtor or Court
       may deem necessary or appropriate for an orderly
       administration of the chapter 11 case.

   (b) maintain an official copy of the Debtor's schedules of
       assets and liabilities and statement of financial affairs
       (collectively, "Schedules"), listing the Debtor's known
       creditors and the amounts owed thereto;

   (c) maintain (i) a list of all potential creditors, equity
       holders and other parties-in-interest; and (ii) a "core"
       mailing list consisting of all parties described in
       sections 2002(i), (j) and (k) and those parties that have
       filed a notice of appearance pursuant to Bankruptcy Rule
       9010; update said lists and make said lists available upon
       request by a party-in-interest or the Clerk;

   (d) furnish a notice to all potential creditors of the last
       date for the filing of proofs of claim and a form for the
       filing of a proof of claim, after such notice and form are
       approved by this Court, and notify the potential
       creditors of the existence, amount and classification of
       their respective claims as set forth in the Schedules,
       which may be effected by inclusion of such information (or
       the lack thereof, in cases where the Schedules indicate no
       debt due to the subject party) on a customized proof of
       claim form provided to potential creditors;

   (e) maintain a post office box or address for the purpose of
       Receiving claims and returned mail, and process all mail
       received;

   (f) for all notices, motions, orders or other pleadings or
       Documents served, prepare and file or caused to be filed
       with the Clerk an affidavit or certificate of service
       within seven (7) business days of service which includes
       (i) either a copy of the notice served or the docket
       number(s) and title(s) of the pleading(s) served, (ii) a
       list of persons to whom it was mailed (in alphabetical
       order) with their addresses, (iii) the manner of service,
       and (iv) the date served;

   (g) process all proofs of claim received, including those
       received by the Clerk's Office, and check said processing
       for accuracy, and maintain the original proofs of claim in
       a secure area;

   (h) maintain the official claims register for the Debtor (the
       "Claims Register") on behalf of the Clerk on a case
       specific website; upon the Clerk's request, provide the
       Clerk with certified, duplicate unofficial Claims
       Register; and specify in the Claims Register the following
       information for each claim docketed: (i) the claim number
       assigned, (ii) the date received, (iii) the name and
       address of the claimant and agent, if applicable, who
       filed the claim, (iv) the amount asserted, (v) the
       asserted classification(s) of the claim (e.g., secured,
       unsecured, priority, etc.), and (vi) any disposition of
       the claim;

   (i) provide public access to the Claims Register, including
       Complete proofs of claim with attachments, if any, without
       charge;

   (j) implement necessary security measures to ensure the
       Completeness and integrity of the Claims Register and the
       safekeeping of the original claims;

   (k) record all transfers of claims and provide any notices of
       such transfers as required by Bankruptcy Rule 3001(e);

   (l) relocate, by messenger or overnight delivery, all of the
       court-filed proofs of claim to the offices of Donlin
       Recano, not less than weekly;

   (m) upon completion of the docketing process for all claims
       received to date, turn over to the Clerk copies of the
       Claims Register for the Clerk's review (upon the Clerk's
       request);

   (n) monitor the Court's docket for all notices of appearance,
       Address changes, and claims- related pleadings and orders
       filed and make necessary notations on and/or changes to
       the Claims Register;

   (o) assist in the dissemination of information to the public
       and respond to requests for administrative information
       regarding the case as directed by the Debtor or the Court,
       including through the use of a case website and/or call
       center;

   (p) gather data in conjunction with the preparation, and
       assist with the preparation, of the Debtor's schedules of
       assets and liabilities and statements of financial
       affairs;

   (q) if the case is converted to chapter 7, contact the Clerk's
       Office within three (3) days of the notice to Donlin
       Recano of entry of the order converting the case;

   (r) 30 days prior to the close of this case, to the
       extent practicable, request that the Debtor submit to the
       Court a proposed Order dismissing Donlin Recano and
       terminating the services of such agent upon completion of
       its duties and responsibilities and upon the closing of
       this case;

   (s) within seven days of notice to Donlin Recano of entry
       of an order closing the chapter 11 case, provide to the
       Court the final version of the Claims Register as of the
       date immediately before the close of the chapter 11 case;
       and

   (t) at the close of this case, box and transport all original
       documents, in proper format, as provided by the Clerk's
       Office, to (i) the Federal Archives Record Administration,
       located at Central Plains Region, 200 Space Center Drive,
       Lee's Summit, MO 64064 or (ii) any other location
       requested by the Clerk's Office.

Donlin will be paid at these hourly rates:

     Senior Bankruptcy Consultant           $185
     Case Manager                           $140
     Technology/Programming
        Consultant                          $110
     Clerical                                $45

Donlin will be paid a retainer in the amount of $20,000. The
retainer will be applied to all pre-petition invoices, and
thereafter, to have the retainer replenished to the original
retainer amount, and thereafter, to hold the retainer under the
Engagement Agreement during the chapter 11 case as security for the
payment of fees and expenses incurred under the Engagement
Agreement.

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

Roland Tomforde, chief operating officer of Donlin Recano &
Company, Inc., assured the Court that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code and does not represent any interest adverse to the Debtor and
its estate.

Donlin can be reached at:

     Roland Tomforde
     DONLIN RECANO & COMPANY, INC.
     6201 15th Avenue
     Brooklyn, NY 11219
     Tel: (212) 481-1411

                     About III Exploration II LP

III Exploration II LP filed a chapter 11 petition (Bankr. D. Utah
Case No. 16-26471) on July 26, 2016. The Debtor is represented by
George Hofmann, Esq., Steven C. Strong, Esq., and Adam H. Reiser,
Esq., at Cohne Kinghorn, P.C.


III EXPLORATION: Files for Bankruptcy to Liquidate Properties
-------------------------------------------------------------
III Exploration II LP filed a voluntary petition under Chapter 11
of the Bankruptcy Code in the U.S. Bankruptcy Court for the
District of Utah on July 26, 2016.  In its petition, the Debtor
estimated assets in the range of $50 million to $100 million and
liabilities of up to $500 million.

The Debtor has decided to seek protection under Chapter 11 to
forestall additional potential actions by Wilmington Trust,
National Association, as a result of its failure to cure
deficiencies under a prepetition credit facility.

Pursuant to the First Lien Facility dated Feb. 19, 2013, among the
Debtor, as borrower, Wilmington Trust, as successor administrative
agent to KeyBank National Association, and the First Lien Lenders,
repayment of approximately $20 million deficiency was required by
Nov. 17, 2015, with an additional $10 million deficiency due by
Jan. 2, 2016.

The Debtor disclosed that prior to the Petition Date, it
implemented a substantial cost-cutting program (including, among
other things, reducing capital expenditures) that resulted in a 22%
reduction in general and administrative expenses and a 42%
reduction in lease operating expenses.  The Debtor also launched a
robust, comprehensive process to resolve the shortfall under the
First Lien Facility either through a sale of assets, the
refinancing of the current credit facility or the infusion of new
equity investment from potential new equity sponsors.

After failing to agree on the terms of a forbearance agreement that
would allow the Debtor to pursue an out-of-court restructuring,
Wilmington Trust began to exercise remedies against payments owed
to the Debtor on account of oil and gas hedging arrangements,
thereby significantly reducing the Debtor's revenue.  For the
quarter ended Dec. 31, 2015, the Debtor saw a decline of 40% of its
EBITDA as compared to the same period in 2014, as disclosed in
Court documents.

The Debtor commenced the case primarily to facilitate the orderly
liquidation of its operated and non-operated oil and gas assets and
the sale of the Properties to a third-party buyer or the Bank
Group.  The Bank Group consists of the prepetition lenders, the DIP
lenders, and Wilmington Trust.

Headquartered in Boise, Idaho, III Exploration is engaged in the
exploration and production of oil and natural gas deposits.  The
Debtor essentially is a real property holding company, which holds
a variety of working interests in various oil and gas leases in
Utah, Colorado and North Dakota and generates the majority of its
revenue through sales of crude oil and natural gas extracted from
those properties by operators.  The Debtor does not perform the
actual drilling on its properties.

George Hofmann, Esq. at Cohne Kinghorn, P.C., one of the Debtor's
attorneys, said that the dramatically low natural gas prices, a
steep drop in the price of oil, and general market uncertainty have
created an incredibly challenging operational environment for the
Debtor.  In addition to decreasing revenue as a result of this
distressed environment, lower commodity prices also resulted in a
reduction to the Debtor's borrowing capacity under the First Lien
Facility.

"Oil and gas companies across the United States and around the
world have been negatively impacted by the downward spiral in
commodity prices," said Mr. Hofmann.  "The difficulties faced by
the Debtor are consistent with problems faced industry-wide."

As of the Petition Date, the Debtor owes approximately $84 million
under the First Lien Facility.  Roughly $25 million in principal
amount is currently outstanding under a second lien term loan
agreement dated as of Feb. 19, 2013, by and among the Debtor, as
borrower, KeyBank, as administrative agent, and the lenders.  In
addition, the Debtor is a borrower under an unsecured subordinated
promissory note with Intermountain Industries, Inc.  Approximately
$132 million was outstanding as of Dec. 31, 2015, under the
Intermountain Facility.

The Prepetition Lenders have consented to the Debtor's use of  cash
collateral in accordance with a budget and pursuant to the terms of
the proposed interim order approving such usage.  The Debtor also
has arranged to obtain postpetition financing from Wilmington Trust
as administrative agent for various lenders.
   
Cohne Kinghorn, P.C., represents the Debtor as counsel.  The Debtor
expects to engage Tudor Pickering Holt & Co., as investment banker.


The case is assigned to Judge Kimball R. Mosier, under Case No.
16-26471.


INTERNATIONAL SHIPHOLDING: May Tap $7 Million of DIP Financing
--------------------------------------------------------------
Jonathan Randles, writing for Bankruptcy Law360, reported that U.S.
Bankruptcy Judge Stuart Bernstein said Aug. 3 he would give
International Shipholding Corp. the go-ahead to begin tapping a $16
million Chapter 11 financing package as the company prepares to
restructure its debt.  Judge Bernstein said at a court hearing in
Manhattan that he would give International Shipholding interim
approval on a debtor-in-possession financing package being provided
by DVB Bank SE and SEACOR Capital Corp. The decision gives
International Shipholding initial access to up to $7 million.

Each of SEACOR Capital and DVB Bank committed to provide $8
million.

A copy of the DIP Financing Agreement and a 13-week cash flow
forecast is available at:

          http://bankrupt.com/misc/nysb16-12220-0025.pdf

As reported by the Troubled Company Reporter on Aug. 3, 2016, the
Debtors sought authority from the Bankruptcy Court to obtain up to
$16 million in senior secured superpriority debtor-in-possession
financing pursuant to a Debtor-in-Possession Credit Agreement
entered among the Debtors, as borrowers, SEACOR Capital Corp., as
administrative agent and collateral agent, and DVB Bank SE (or an
affiliate), SEACOR Capital Corp., and one or more of their
designated affiliates, as lenders.  In addition, the Debtors sought
interim and immediate authorization to use $7 million of cash
collateral.

The Cash Collateral and all proceeds of the DIP Facility will be
utilized by the Debtors for ongoing working capital and general
corporate requirements.

"The DIP Facility is necessary to preserve the assets of the
estates, as it will allow the Debtors to continue, among other
things, the orderly operation of the Debtors' business and the
chapter 11 cases, and to otherwise satisfy their working capital
requirements.  Without immediate access to new borrowing relief,
the Debtors' business operations, their assets, and the chapter 11
cases in general would be in serious jeopardy.  The new liquidity
offered by the proposed DIP Facility will enable the Debtors to
maintain and ultimately increase the value of their assets and
successfully administer the chapter 11 cases through the
bankruptcy
process," said Erik L. Johnsen, president and chief executive
officer of International Shipholding.

The DIP Facility will mature on the earliest to occur of (i) Jan.
31, 2017, (ii) the effective date of a plan of reorganization of
the Borrowers that is confirmed pursuant to an order entered by
the
Bankruptcy Court or the consummation of any sale of all or
substantially all of the assets of the Borrowers, (iii) the
acceleration of the Loans and the termination of the Commitments
in
accordance with the terms of the DIP  Facility, (iv) the
appointment by the Bankruptcy Court of a trustee or an examiner
with expanded powers in any of the Chapter 11 cases, and (v) the
entry of any order dismissing any of the Chapter 11 cases or
converting any of the Chapter 11 cases to a case under Chapter 7
of
the Bankruptcy Code.

Borrowings under the DIP Facility bear an interest rate of 12% per
annum.  

A facility fee of $525,000 is payable to the DIP Agent on behalf
of
SEACOR Capital Corp. upon the initial funding of the DIP Facility.

A DIP agent fee is payable to the DIP Agent for its own account in
the amount of $50,000, payable upon the execution and delivery of
the DIP Facility.

The Debtors said the DIP Facility will support not only their near
term liquidity needs, but will also "bridge" their operations to a
value-maximizing restructuring transaction, as reflected in the
milestones set forth in the DIP Credit Agreement.

The DIP Facility includes, among other liens, priming liens
granted
pursuant to Bankruptcy Code Section 364(d)(1) with respect to the
prepetition collateral of the prepetition secured parties.
According to the Debtors, Regions Bank, as administrative agent
and
collateral agent, and Regions Bank, Capital One, N.A., Branch
Banking and Trust Company, and Whitney Bank, as lenders, under a
Credit Agreement dated as of Sept. 24, 2013, (the "Senior Facility
Lenders") and DVB Bank SE, as mandated lead arranger, facility
agent, and security trustee under a Credit Agreement, dated as of
Aug. 26, 2014 (the "DVB Lenders"), have affirmatively consented to
the priming of their prepetition secured interests.

The DIP lender may be reached at:

        SEACOR Capital Corp.
        2200 Eller Drive
        Ft. Lauderdale, FL 33316

                 About International Shipholding

International Shipholding Corporation was founded in 1947 when the
Johnsen family purchased a Liberty Ship after the establishment of
the War Ship Act of 1946 and became a public company in 1979.  ISH
and its Debtor and non-Debtor affiliates are engaged in waterborne
cargo transportation and maintain a diversified customer base with
emphasis on medium and long term contracts.  As of the Petition
Date, International Shipholding maintains offices in Mobile,
Alabama, New Orleans, Louisiana, New York, New York, and Tampa,
Florida, as well as a network of agencies in major cities
worldwide.

Through its Debtor and non-Debtor subsidiaries, International
Shipholding operates a diversified fleet of 21 U.S. and foreign
flag vessels that provide domestic and international maritime
transportation services to commercial and governmental customers
primarily under medium to long-term contracts.

Each of International Shipholding Corporation and 17 of its
subsidiaries filed a voluntary petition under Chapter 11 of the
Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No. 16-12220) on July
31, 2016.  Manuel G. Estrada, the vice president and chief
financial officer, signed the petitions.

The Debtors listed $305 million in total assets and $227 million
in
total debt as of March 31, 2016

The Debtors have hired Akin Gump Strauss Hauer & Feld LLP as
counsel, Blackhill Partners, LLC as restructuring advisor, and
Prime Clerk LLC as noticing and claims agent.


INTERVENTION ENERGY: Wants Statoil to Return $668,000
-----------------------------------------------------
Intervention Energy, LLC, commenced an adversary proceeding asking
the U.S. Bankruptcy Court to require Statoil Oil and Gas LP to turn
over or pay debt or proceeds thereof to, or on the order of,
Intervention Energy in the amount of $668,601; and to declare that
Statoil violated the automatic stay.

Statoil drills in the Bakken Formation in North Dakota.

Intervention Energy tells the Court that every month, the Debtor
receives a joint interest billing statement -- JIB -- from Statoil
that details the expenses owed by Intervention Energy for a prior
month.  In addition, Intervention Energy expects to receive monthly
revenue payments from Statoil when oil is produced and sold.

Prior to the Petition Date, Statoil withheld revenue from
Intervention Energy to satisfy outstanding expenses in the JIBs.
As of the Petition Date, the total amount owed by the Debtors with
respect to the JIBs was roughly $3,808,421.  After the Petition
Date, without explanation or leave of the Court, Statoil withheld
$668,601 of revenue owed to Intervention Energy, purportedly to be
used to set off against the Prepetition Claim. The amount of the
Receivable was reflected in the Interest Owner Statement, dated as
of June 25, 2016, received by Intervention Energy from Statoil.

On July 5, 2016, Intervention Energy sent a letter to Statoil
demanding payment of the Receivable.  On July 13, counsel for
Statoil responded by letter asserting the right of recoupment.
Thereafter, Intervention Energy requested accounting detail, on a
well by well basis, from Statoil to demonstrate that the expenses
accrued and revenue arise from the same transaction. Intervention
Energy then discovered that the Receivable was withheld but not
allocated to any particular expenses related to specific wells.

As of Aug. 2, 2016, Statoil has not paid the Receivable owed to
Intervention Energy.

The Debtor contends that Statoil violated the automatic stay under
Section 362 of the Bankruptcy Code by withholding the Receivable to
collect on the Prepetition Claim.

                   About Intervention Energy

Intervention Energy Holdings, LLC and Intervention Energy, LLC
filed for Chapter 11 protection (Bankr. D. Del. Lead Case No.
16-11247) on May 20, 2016.  The petition was signed by John R.
Zimmerman, president.  The Hon Kevin J. Carey presides over the
case.

The Debtor estimated assets and debt of $100 million to $500
million.

The Debtor tapped DLA Piper LLP (US) as counsel, and Rust
Consulting/Omni Bankruptcy, as claims and noticing agent.


INTREPID POTASH: Incurs $13.4 Million Net Loss in Second Quarter
----------------------------------------------------------------
Intrepid Potash, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $13.4 million on $51.8 million of sales for the three months
ended June 30, 2016, compared to a net loss of $4.93 million on
$73.7 million of sales for the same period in 2015.

For the six months ended June 30, 2016, the Company reported a net
loss of $31.8 million on $125 million of sales compared to net
income of $1.59 million on $191 million of sales for the six months
ended June 30, 2015.

As of June 30, 2016, Intrepid had $599 million in total assets,
$203 million in total liabilities and $396 million in total
stockholders' equity.

Cash, cash equivalents, and investments as of June 30, 2016 of
$47.6 million; cash flow from operations of $0.4 million and
capital expenditures of $11.8 million for the first half of 2016.

"We continue to be impacted by nutrient pricing uncertainty and the
ongoing global oversupply of potash products, which pressured our
sales and margins in the second quarter," said Bob Jornayvaz,
Intrepid's executive chairman, president and CEO.  "With the
placement of our West facility into care-and-maintenance mode in
July and the better-than-anticipated ramp up of Trio production at
our East facility during the second quarter, we believe we are
making progress towards lowering our cost profile and optimizing
our specialty product production.  While it will take time for the
impact of these operational changes to be fully realized in our
financial results and our sales volumes, we remain focused on the
long-term potential of these changes."

Mr. Jornayvaz continued, "We have made good progress and continue
to work towards a final resolution of the debt covenant issues that
we have been experiencing.  We are grateful for the diligence and
thoughtfulness our creditors have demonstrated in the negotiations
this far and ask for patience from investors as we endeavor to
memorialize the previously announced agreements in principle."

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

                   https://is.gd/0qCNsC

                      About Intrepid

Intrepid Potash -- http://www.intrepidpotash.com/-- is the only
U.S. producer of muriate of potash and supplied approximately 9% of
the country's annual consumption in 2015.  Potash is applied as an
essential nutrient for healthy crop development, utilized in
several industrial applications and used as an ingredient in animal
feed.  Intrepid also produces a specialty fertilizer, Trio(R),
which delivers three key nutrients, potassium, magnesium, and
sulfate, in a single particle.

Intrepid serves diverse customers in markets where a logistical
advantage exists; and is a leader in the utilization of solar
evaporation production, one of the lowest cost, environmentally
friendly production methods for potash.  After the idling of its
West mine in July 2016, Intrepid's production will come from three
solar solution potash facilities and one conventional underground
Trio(R) mine.


IRONGATE ENERGY: Moody's Cuts Corp. Family Rating to 'C'
--------------------------------------------------------
Moody's Investors Services downgraded IronGate Energy Services,
LLC's (IronGate) Probability of Default Rating (PDR) to C-PD/LD
from Ca-PD, Corporate Family Rating (CFR) to C from Ca and rating
on the notes to C from Ca. The rating actions follow the expiration
of the 30-day grace period with respect to non-payment of the
interest due 1 July 2016 on IronGate's notes due 2018. The SGL-4
Speculative Grade Liquidity Rating (SGL) was withdrawn. The outlook
is stable.

"We expect IronGate to restructure its debt as the drilling and
equipment rental services business remains depressed in 2016 such
that the company is not generating sufficient earnings to cover its
interest expense obligations," stated James Wilkins, Moody's Vice
President.

The following summarizes the ratings activity:

-- Issuer: IronGate Energy Services, LLC

Downgrades:

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

-- Corporate Family Rating, Downgraded to C from Ca

-- Senior Secured Regular Bond/Debenture, Downgraded to C (LGD5)
    from Ca (LGD4)

Ratings withdrawn:

-- Speculative Grade Liquidity Rating, SGL-4

Outlook Actions:

-- Outlook, Stable from Negative

RATINGS RATIONALE

Moody's has appended the PDR with an "/LD" designation indicating a
limited default, which will be removed after three business days.
IronGate did not make the scheduled 1 July 2016 interest payment
due on its notes, but had a 30 day grace period until the
non-payment was considered a default under its indenture. The
company entered into forbearance agreements that allow it to
continue operating without defaulting under the terms of the notes'
indenture and revolving credit agreement. However, Moody's
considers the non-payment of interest according to the original
terms of the indenture to be a default.

IronGate's C CFR is driven by its weak liquidity, its poor
financial results as a result of the depressed oilfield services
industry activity, Moody's expectation that the company will need
to restructure its debt and the low expected recovery rate on its
debt. The modest rebound in the US drilling rig count in mid-2016
has not been sufficient to meaningfully improve demand for
IronGate's rental equipment and tubular services. The company has
not generated sufficient earnings since early 2015 to cover its
interest expense and has been forced to enter into forbearance
agreements while it considers a restructuring of its debt. The
company's cash balances and cash flow from operations (without the
notes' interest burden) should allow it to continue to fund its
operations in 2016.

The C rating on the notes reflects Moody's expectation that the
ultimate recovery of principal for noteholders will be less than
35%. The depressed market for its services has negatively impacted
IronGate's earnings and the value of its assets, which is mainly
comprised of rental equipment inventory.

The stable outlook reflects the difficult oilfield services
industry conditions and IronGate's inability to service its debt
obligations. The PDR could be changed if the company were to
legally default on its debt obligations. The ratings could be
upgraded if IronGate restructures its debt and improves its
liquidity such that Moody's expects the company will be able to
fund its operations and meet its debt obligations for the next 18
months.

IronGate Energy Services, LLC (IronGate), headquartered in Houston,
Texas, is a provider of rental and tubular services to the oil and
natural gas exploration and production industry in the United
States and Mexico.


JEFFREY BRADLEY: Disclosures Okayed, Plan Hearing on Sept. 15
-------------------------------------------------------------
The U.S. Bankruptcy Court for the Western District of Pennsylvania
is set to hold a hearing on September 15, at 9:00 a.m., to consider
approval of the Chapter 11 plan of Jeffrey Bradley.  

The hearing will take place at Courtroom A, 54th Floor, U.S. Steel
Tower, 600 Grant Street, Pittsburgh, Pennsylvania.

The bankruptcy court had earlier issued an order approving the
Debtor's disclosure statement, allowing him to start soliciting
votes from creditors.  

Creditors have until August 26 to cast their votes and file their
objections to the plan, according to the court order dated July 21.
The Debtor is required to file a summary of ballots on September
13.

                    About Jeffrey J. Bradley

Jeffrey J. Bradley sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W. D. Pa. Case No. X) on 14-20271.  The
case is assigned to Judge Gregory L. Taddonio.


JEJP LLC: Hires Cooper & Scully as Counsel
------------------------------------------
JEJP, LLC d/b/a Precision Machined Products, seeks authority from
the U.S. Bankruptcy Court for the Southern District of Texas to
employ Cooper & Scully, PC as counsel to the Debtor.

JEJP, LLC requires Cooper & Scully to:

   a. prepare and file schedules and a statement of financial
      affairs;

   b. negotiate with creditors and handle routine motions such as
      motions for relief from stay, cash collateral motions and
      the myriad of bankruptcy motions that will be filed
      in this case;

   c. file objections to claims, if necessary;

   d. perform legal work necessary to sell property of the
      estate;

   e. draft, file and prosecute adversary proceedings necessary
      to determine the extent, validity and priority of liens;

   f. draft, file and prosecute avoidance actions if necessary;

   g. draft, file and prosecute adversary proceedings, motions
      and contested pleadings as necessary;

   h. prepare a Plan and Disclosure Statement;

   i. conduct discovery that is required for the completion of
      the case or any matter associated with the case;

   j. perform all legal matters that are necessary for the
      completion of the case;

   k. perform miscellaneous legal duties to complete the
      bankruptcy case.

Cooper & Scully will be paid at these hourly rates:

     Julie M. Koenig               $425

     Paralegal                     $60-$100

Prior to filing the bankruptcy case, the Debtor paid Cooper &
Scully a retainer of $20,000 plus a filing fee of $1,717.00, which
has been placed in an IOLTA account as required by the U.S.
Trustee's office.  On July 22, 2016, Cooper & Scully, P.C. withdrew
$1,658.50 in fees for pre-petition work, leaving a retainer balance
of $18,341.50.

Cooper & Scully will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Julie M. Koenig, senior attorney in the firm of Cooper & Scully,
PC, assured the Court that the firm is a "disinterested person" as
the term is defined in Section 101(14) of the Bankruptcy Code and
does not represent any interest adverse to the Debtors and their
estates.

Cooper & Scully can be reached at:

     Julie Mitchell Koenig, Esq.
     COOPER & SCULLY, PC
     815 Walker, Suite 1040
     Houston, TX 77002
     Tel: (713) 236-6800
     Fax: (713) 236-6880
     E-mail: julie.koenig@cooperscully.com

            About JEJP, LLC d/b/a Precision Machined Products

JEJP, LLC dba Precision Machined Products filed a chapter 11
petition (Bankr. S.D. Tex. Case No. 16-33646) on July 22, 2016. The
petition was signed by Paul Williams, chairman. The Debtor is
represented by Julie Mitchell Koenig, Esq., at Cooper & Scully,
PC.

The case is assigned to Judge David R. Jones.  The Debtor estimated
assets at $50,001 to $100,000 and liabilities at $1 million to $10
million at the time of the filing.


JOHN A. RITTER: U.S. Trustee Forms 7-Member Committee
-----------------------------------------------------
The U.S. Trustee for Region 17 on August 1 filed an amended notice
of appointment of the official committee of unsecured creditors of
John Ritter and the 12 companies he manages.

The Justice Department's bankruptcy watchdog announced that it
appointed these creditors to serve on the committee:

     (1) Multibank 2009-1 RES-ADC Venture, LLC
         Attn: Michael Strickland
         7000 Central Parkway NE
         Suite 700
         Atlanta, Georgia 30328

     (2) Branch Banking & Trust Co.
         Attn: William M. Conges
         200 West Second Street, 3rd Floor
         Winston-Salem, NC 27101

     (3) Boyd Family Partnership LP
         Attn: Bradley Boyd, GP
         1645 Village Center Cir.
         Las Vegas, Nevada 89134

     (4) SV Litigation SPE LLC
         Attn: Jacques Massa, Managing Member
         c/o Michael Mazur
         Mazur & Brooks, a PLC
         2355 Red Rock St., Suite 100
         Las Vegas, Nevada 89146

     (5) Dermody Family Trust
         Attn: Patrick Dermody, Trustee
         954 Roseberry Drive
         Las Vegas, Nevada 89138

     (6) Pacific Western Bank                                    
         Attn: Walter Schuppe                                     

         20 Waterside Drive     
         Suite 201     
         Farmington, CT 06032

     (7) Slusher Family Trust
         Attn: Todd Slusher
         4775 W. Teco Avenue, Suite 210
         Las Vegas, NV 89118

                       About John A. Ritter

Certain alleged creditors of John A. Ritter, on February 29, 2016,
filed an involuntary bankruptcy petition against him under chapter
7 of the Bankruptcy Code.  Mr. Ritter opposed that petition.
However, following discussions with the petitioning creditors, he
agreed to entry of an order for relief against him under chapter 11
of the Bankruptcy Code.

Agave Properties, LLC, and its 11 affiliates sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. D. Nev., Case No.
16-13338) on June 17, 2016.  The petition was signed by John A.
Ritter, manager.  The bankruptcy cases are jointly administered
under Mr. Ritter's Chapter 11 case, Case No. 16-10933.

The cases are assigned to Judge Mike K. Nakagawa.

At the time of the filing, Agave Properties and its 11 affiliates
estimated their assets at $10 million to $50 million and
liabilities at $100 million to $500 million.


JOHN GIACOMETTO: Disclosures Okayed, Plan Hearing on Sept. 27
-------------------------------------------------------------
John Charles Giacometto is now a step closer to emerging from
Chapter 11 protection after a bankruptcy court approved the outline
of his proposed plan of reorganization.

The U.S. Bankruptcy Court for the District of Montana conditionally
approved the Debtor's disclosure statement, allowing him to begin
soliciting votes from creditors.

The court approved the disclosure statement on condition that the
Debtor either amends Section V of the document and paragraph 9.01
of his plan to include reference to and incorporate the provision
of section 1141(d)(5), or files a statement with the court as to
why the provision is not applicable to him, according to court
filings.

Voting creditors are required to file their ballots on or before
September 16, which is also the last day for filing objections to
the plan.

The bankruptcy court will hold a hearing on September 27, at 9:00
a.m., to consider confirmation of the plan.  The hearing will take
place at Bighorn Courtroom, 5th Floor, Room 5503, 2601 2nd Avenue
North, Billing, Montana.

                  About John Charles Giacometto

John Charles Giacometto sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Mont. Case No. 16-60032) on January 22,
2016.  The case is assigned to Judge Ralph B. Kirscher.


KEVIN SMITH: Plan Outline Okayed, Confirmation Hearing on Sept. 13
------------------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Illinois is
set to hold a hearing on September 13, at 10:30 a.m., to consider
approval of the Chapter 11 plan of reorganization of Kevin Smith
and Susan Smith.  

The bankruptcy court had earlier issued an order approving the
Debtors' disclosure statement, allowing them to start soliciting
votes from creditors.  

Creditors have until September 2 to cast their votes and until
August 22 to file their objections to the plan, according to the
court order dated July 20.  The Debtors are required to file a
tabulation of voting results by September 9.

Under the proposed plan, general unsecured creditors will be paid,
pro rata, a total of $266,500.  They will receive payment of
$15,000 on the effective date of the plan, and $12,575 per year, in
quarterly installments, for the following 20 years.

                About Kevin Smith and Susan Smith

Kevin Smith and Susan Smith (Bankr. N.D. Ill. Case No. 15-28256)
filed a Chapter 11 Petition on August 18, 2015.  Kevin Smith is an
individual resident of Will County who is employed as Director,
Systems Implementation & Consulting at Loyola University Chicago.
Susan Smith is employed as a Teacher at Minooka Community High
School.  No creditors committee has been formed in this case.


KINCAID HOLDINGS: Disclosure Statement Hearing Set for Sept. 6
--------------------------------------------------------------
A Chapter 11 Disclosure Statement and a Chapter 11 Plan were filed
on August 1, 2016, by Kincaid Holdings LLC.  A hearing to consider
the disclosure statement will be held on September 6, 2016, at
10:00 a.m. EDT, in Indianapolis, Indiana.

Any objection to the disclosure statement be filed and served in
accordance with Fed.R.Bankr.P. 3017(a) at least 5 days prior to the
hearing date.  Objections will be reviewed at the scheduled
hearing.

Headquartered in Fishers, Indiana, Kincaid Holdings LLC filed for
Chapter 11 bankruptcy protection (Bankr. S.D. Ind. Case No.
15-05796) on July 7, 2015, listing $1.7 million in total assets
and
$788,099 in total liabilities.  The petition was signed by
Winifred
E. Kincaid, managing member.

Judge Robyn L. Moberly presides over the case.

Samuel D. Hodson, Esq., and Andrew T Kight, Esq., at Taft
Stettinius & Hollister LLP serve as the Debtor's bankruptcy
counsel.


KIRK LLC: Hires Prince Yeates as Bankruptcy Counsel
---------------------------------------------------
The Kirk LLC, seeks authority from the U.S. Bankruptcy Court for
the District of Utah to employ Prince Yeates & Geldzahler as
counsel to the Debtor.

The Kirk LLC requires Prince Yeates to:

   - advise the Debtor regarding its obligations and the
     requirements of the bankruptcy code;

   - represent the Debtor in negotiations with respect to issues
     of cash collateral, executor contracts, avoidance actions,
     and all other legal issues that may arise in the course of
     the bankruptcy proceeding.

Prince Yeates will be paid at these hourly rates:

     Shareholders            $230-$395

     Associates              $200-$225

     Para-professionals      $140-$165

The Debtor paid $4,400 to Prince Yeates prepetition as a retainer,
and the entirety of that amount was expended as filing fees in this
case or applied to work performed prepetition, including
consultation and preparation regarding bankruptcy, and
representation of the company with respect to prepetition ownership
and management disputes.

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

T. Edward Cundick, member of Prince Yeates & Geldzahler 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.

Prince Yeates can be reached at:

     T. Edward Cundick, Esq.
     PRINCE, YEATES & GELDZAHLER
     15 W. South Temple, Ste. 1700
     Salt Lake City, UT 84101
     Tel: (801) 524-1000
     Fax: (801) 524-1098
     E-mail: tec@princeyeates.com

                     About The Kirk LLC.

The Kirk LLC filed a chapter 11 petition (Bankr. D. Utah Case No.
16-26470) on July 26, 2016. The petition was signed by Andrew H.
Patten, chief restructuring officer. The Debtor is represented by
T. Edward Cundick, Esq., at Prince, Yeates & Geldzahler. The case
is assigned to Judge Kevin R. Anderson. The Debtor estimated assets
and liabilities at $1 milliion to $10 million at the time of the
filing.


LAKE COUNTY SD: Moody's Affirms Ba1 GOULT Rating
------------------------------------------------
Moody's Investors Service has affirmed Lake County Community Unit
School District 187 (North Chicago), IL's Ba1 general obligation
unlimited tax (GOULT) rating and general obligation limited tax
(GOLT) rating. The district has $40.6 million in GO debt
outstanding. The outlook on the ratings remains negative.

The Ba1 rating reflects the district's severely distressed tax
base; weak demographic profile, and elevated debt and pension
burden relative to the tax base. While reserves remain solid
despite recent substantial draws, the district continues to face
risks to its financial operations stemming from declining
enrollment trends and reliance on aid from the State of Illinois
(Baa2 negative) which are declining.

The district's GOLT bonds are also rated Ba1 given the presence of
a designated levy for debt service that provides sufficient debt
service coverage under its yield limit and is unlimited as to
rate.

Rating Outlook

The negative outlook reflects ongoing operating pressures facing
the district stemming from the loss of special appropriation state
aid; enrollment declines that are expected to continue given an
expanding charter school and depopulation within the district; and
limited revenue raising flexibility.

Factors that Could Lead to an Upgrade

Significant tax base expansion and improvement in socioeconomic
indices

Demonstrated ability to maintain stable financial operations

Moderation of debt and pension liabilities

Factors that Could Lead to a Downgrade

Further deterioration of the district's tax base

Decline in operating fund reserves or liquidity

Increase in debt or pension liabilities

Legal Security

The district's outstanding GOULT bonds are secured by its pledge
and authorization to levy a property tax unlimited as to rate or
amount to pay debt service. The district has additionally pledged
taxes Federal Impact Aid revenues. The district has covenanted that
the property tax levy will be abated only after sufficient revenues
have been collected in the Debt Service Fund from the additionally
pledged revenues.

The district's outstanding GOLT debt is secured by a GO pledge and
supported by a dedicated property tax that is unlimited as to rate,
but limited in amount by the district's debt service extension base
(DSEB).

Use of Proceeds

Not applicable.

Obligor Profile

The district is located in Lake County (Aaa), fifty miles north of
Chicago (Ba1 negative), and largely serves the city of North
Chicago. The district serves pre-kindergarten through 12th grade
and enrolled 3,569 total students in 2016.


LAS VEGAS JOHN: Case Summary & 13 Unsecured Creditors
-----------------------------------------------------
Debtor: Las Vegas John, L.L.C.
        6637 N. Campbell Ave., 1st Floor
        Chicago, IL 60645

Case No.: 16-14273

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: August 3, 2016

Court: United States Bankruptcy Court
       District of Nevada (Las Vegas)

Judge: Hon. August B. Landis

Debtor's Counsel: Matthew C. Zirzow, Esq.
                  LARSON & ZIRZOW
                  850 E. Bonneville Ave.
                  Las Vegas, NV 89101
                  Tel: 702-382-1170
                  Fax: 702-382-1169
                  E-mail: mzirzow@lzlawnv.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $500,000 to $1 million

The petition was signed by Dmitrios P. Stamatakos, managing
member.

A copy of the Detor's list of 13 unsecured creditors is available
for free at http://bankrupt.com/misc/nvb16-14273.pdf


LATTER RAIN: Unsecured Creditor to Get $1,000 in 113 Installments
-----------------------------------------------------------------
Latter Rain Ministries filed with the U.S. Bankruptcy Court for the
Western District of Texas, Midland Division, a first amended
combined plan of reorganization and disclosure statement, which
propose that beginning Sept. 29, 2016, the Debtor will pay 113
monthly Plan payments of $1,379.68 each until the unsecured claim
of Asiatico & Associates, PLLC, is paid in full.

Class 9 consists of one claimant: Asiatico & Associates, PLLC, aka
Brooke Asiatica & Associates.  The claim totals $125,257 and
accrues interest at 3.0%.

According to the Disclosure Statement, the Debtor relies solely on
tithing and contributions to funds its operations.  It has rented
out the commercial property, which also generates income for the
church.

A full-text copy of the Amended Disclosure Statement dated Aug. 1,
2016, is available at http://bankrupt.com/misc/txwb16-70014-54.pdf

Latter Rain Ministries filed a Chapter 11 petition (Bankr. W.D.
Tex. Case No. 16-70014) on January 29, 2016, and is represented by
Max R. Tarbox, Esq., at Tarbox Law, PC, in Lubbock, Texas.  The
case is assigned to Judge Ronald B. King.  At the time of filing,
the Debtor had $1 million to $10 million in estimated assets and $1
million to $10 million in estimated liabilities.  The petition was
signed by Craig DeArmond, director.

A list of the Debtor's two largest unsecured creditors is available
for free at http://bankrupt.com/misc/txwb16-70014.pdf


LIGHT TOWER: Moody's Lowers CFR & Sr. Secured Notes Rating to C
---------------------------------------------------------------
Moody's Investors Service downgraded Light Tower Rentals, Inc.'s
Corporate Family Rating to C from Caa3 and its Probability of
Default Rating (PDR) to C-PD from Caa3-PD.  At the same time, the
rating on the senior secured notes was downgraded to C from Caa3.

The ratings downgrade follows LTR's announcement on Aug. 1, 2016,
that it elected not to make its Aug. 1, interest payment of $13.4
million on its senior secured notes.  At the same time it has
engaged legal counsel to pursue either an out-of-court
restructuring or a pre-packaged plan of reorganization under
Chapter 11 of the US Bankruptcy Code.  The company is in the
beginning negotiations of a Restructuring Support Agreement (RSA)
with note holders.  Should a transaction occur under the RSA as
currently envisioned, in exchange for the $330 million existing
notes, note holders would receive $30 million of new senior secured
notes and 100% of reorganized equity.

Downgrades:

Issuer: Light Tower Rentals, Inc.

  Probability of Default Rating, Downgraded to C-PD from Caa3-PD
  Corporate Family Rating, Downgraded to C from Caa3
  Senior Secured Regular Bond/Debenture, Downgraded to C (LGD 5)
   from Caa3 (LGD 4)

Outlook Actions:

Issuer: Light Tower Rentals, Inc.
  Outlook, changed to Stable from Negative

                          RATINGS RATIONALE

The C Corporate Family Rating reflects Light Tower Rental's (LTR)
unsustainable capital structure, weakening liquidity and high
likelihood of an out-of-court restructuring or Chapter 11 filing.
Moody's believes EBITDA will be negative to break even for the
remainder of 2016 driven by very weak utilization rates of LTR's
rental equipment and depressed pricing of its rental services to
its E&P customers.

LTR's weak liquidity profile reflects Moody's belief that free cash
flow will be negative towards the end of 2016 and into 2017. Cash
balances, will likely be insufficient to sustainably cover the
heavy burden of its debt service.  Cash balances at June 30, 2016
were approximately $22.9 million.  Additionally, the benefits of
working capital monetization will be limited over the next twelve
months.  The company's capex will be minimal to conserve cash.  A
new $15 million revolving credit facility is subject to ongoing
discussions under the RSA.  Failure to make its August 1 interest
payment within the 30-day grace period would constitute an event of
default.

The ratings upgrade is unlikely in the near-term.  However, the
ratings could be upgraded if there is a significant reduction in
debt.

Light Tower Rentals, Inc. is a diversified well-site specialty
surface equipment rental and services provider which generates
revenue through the rental of products (power generators, light
towers, fluid handling, trailers and heaters) for use at oil and
natural gas well-sites.  LTR is 57% owned by management and private
equity sponsor Clairvest Group Inc. with the remainder by a group
of other investors.  Revenue for the twelve months ended March 31,
2016, was approximately $128 million.


LINCOLN MEDICAL: Hires Fitzpatrick Bongiovanni as Accountant
------------------------------------------------------------
Lincoln Medical Supply Company, LLC, seeks authority from the U.S.
Bankruptcy Court for the District of New Jersey to employ
Fitzpatrick Bongiovanni & Kelly, CPA as accountant to the Debtor.

Lincoln Medical requires Fitzpatrick to prepare Initial Monthly
Operating Report and subsequent monthly reports, monthly accounting
services, and case administration, litigation consulting, and
reconstructive accounting as needed.

Fitzpatrick will be paid at these hourly rates:

     Thomas W. Aromando, CPA-Partner           $200
     Louis Bongiovanni, CPA-Partner            $250
     Robert Bishop, CPA-Manager                $165
     Paula A. Rowe, Bookkeeper                 $75

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

Thomas W. Aromando, partner of Fitzpatrick Bongiovanni & Kelly,
CPA, 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.

Fitzpatrick can be reached at:

     Thomas W. Aromando
     FITZPATRICK BONGIOVANNI & KELLY, CPA
     293 S Shore Rd
     Marmora, NJ 08223
     Tel: (609) 390-8855

                     About Lincoln Medical

Lincoln Medical Supply Company, LLC, based in Pleasantville, NJ,
filed a Chapter 11 petition (Bankr. D.N.J. Case No. 16-24206) on
July 25, 2016. The Hon. Andrew B. Altenburg Jr. presides over the
case. Scott H. Marcus, Esq., Esq., at Scott H. Marcus & Associates,
as bankruptcy counsel.

In its petition, the Debtor estimated $478,623 to $1.47 million in
both assets and liabilities. The petition was signed by Paul Reses,
president.


LINNCO LLC: Now Holds 71% Stake in LINN Energy
----------------------------------------------
LinnCo, LLC (OTC:LNCOQ) on Aug. 2, 2016, announced the final
results of, and expiration of the subsequent offering period
relating to, its previously announced offer to exchange each
outstanding unit of LINN Energy, LLC (OTC:LINEQ) ("LINN") for one
LinnCo share (the "Exchange Offer") upon the terms and conditions
of the Prospectus/Offer to Exchange dated April 26, 2016 (as
amended, the "Prospectus"), and the accompanying Amended and
Restated Letter of Transmittal (the "Letter of Transmittal").

The subsequent offering period for the Exchange Offer expired at
12:00 midnight (New York City time) on Monday, August 1, 2016.
American Stock Transfer & Trust Company, the exchange agent for the
Exchange Offer, has advised LinnCo that a total of 19,954,774 LINN
units were validly tendered during the subsequent offering period
and an aggregate of 123,909,317 LINN units (including LINN units
accepted for exchange during the initial offering period),
representing approximately 35% of LINN's issued and outstanding
units, were validly tendered and not validly withdrawn pursuant to
the Exchange Offer and have been accepted by LinnCo for exchange.
LinnCo has promptly issued new LinnCo shares for all such tendered
LINN units in accordance with the terms of the Exchange Offer.
LinnCo now owns approximately 71% of LINN's issued and outstanding
units.

LinnCo filed with the Securities and Exchange Commission a Schedule
13D and Amendment No. 7 to Schedule TO disclosing its holdings in
Linn Energy.

A copy of the Schedule 13D is available at https://is.gd/V0935q

A copy of the Amendment No. 7 is available at https://is.gd/6fQWI0

On May 11, 2016, LINN, LinnCo, certain of LINN's direct and
indirect subsidiaries, and Berry Petroleum Company, LLC filed
voluntary petitions for reorganization under Chapter 11 of the
United States Bankruptcy Code in the United States Bankruptcy Court
for the Southern District of Texas.  On May 16, 2016, the Court
approved and entered an order authorizing the Company to continue
the Exchange Offer throughout the Debtors' Chapter 11 proceedings
and to take any and all actions necessary to effectuate the
Exchange Offer in accordance with its terms. Any party not
represented by counsel who would like to receive electronic
notifications of filings with the Court may complete the
appropriate Court-approved form, which can be obtained at
http://www.txs.uscourts.gov/sites/txs/files/CRECFform.pdf.Copies
of this form are also available on the website of LINN's claims,
noticing, and solicitation agent, Prime Clerk LLC, at
https://cases.primeclerk.com/linn

The purpose of the Exchange Offer was to permit holders of LINN
units to maintain their economic interest in LINN through LinnCo,
an entity that is taxed as a corporation rather than a partnership,
which may allow LINN unitholders to avoid future allocations of
taxable income and loss, including cancellation of debt income
("CODI"), that could result from future debt restructurings or
other strategic transactions by LINN. In general, CODI will be
allocated to persons who are deemed to hold the LINN units when the
events giving rise to such CODI occur. The filing of the Bankruptcy
Petitions under Chapter 11 of the Bankruptcy Code did not itself
cause LINN to recognize CODI; however, it is likely that the final
resolution of a bankruptcy plan would cause LINN to recognize an
amount of CODI, which may be substantial.

             About LinnCo and Linn Energy

Houston-based LinnCo, LLC is a Delaware limited liability company
whose initial sole purpose was to own units representing limited
liability company interests in its affiliate, Linn Energy LLC
(LINN
Energy).  LINN Energy is an independent oil and natural gas
company
that trades on the NASDAQ Global Select Market (NASDAQ) under the
symbol "LINE."

Headquartered in Houston, Texas, Linn Energy, LLC, and its
affiliates are independent oil and natural gas companies.  Each of
Linn Energy, LLC, and 14 of its subsidiaries filed a voluntary
petition under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Tex.
Lead Case No. 16-60040) on May 11, 2016.  The petitions were
signed
by Arden L. Walker, Jr., chief operating officer of LINN Energy.

As of March 31, 2016, Linnco had $18.3 million in total assets,
$23.95 million in total liabilities, all current, and a
shareholders' deficit of $5.67 million.

The Debtors have hired Kirkland & Ellis LLP and Kirkland & Ellis
International LLP as general bankruptcy counsel, Jackson Walker
L.L.P. as co-counsel, Lazard Freres & Co. LLC as financial
advisor,
AlixPartners as restructuring advisor and Prime Clerk LLC as
claims, notice and balloting agent.

Judge David R. Jones presides over the cases.

The Office of the U.S. Trustee has appointed five creditors of
Linn
Energy LLC to serve on the official committee of unsecured
creditors.


LOUISIANA CRANE: Panel Hires Steffes Vingiello as Counsel
---------------------------------------------------------
The Official Committee of Unsecured Creditors of Louisiana Crane &
Construction, LLC seeks authorization from the U.S. Bankruptcy
Court for the Western District of Louisiana to retain William E.
Steffes and the law firm of Steffes, Vingiello & McKenzie, LLC as
counsel for the Committee, nunc pro tunc to July 22, 2016.

The Committee desires to secure the services of Steffes Vingiello
to assist it in the performance of its duties in this Chapter 11
case, to advise it with regard to its rights and duties, and to
take any action necessary or required to represent its interests
herein.

Steffes Vingiello will be paid at these hourly rates:

       William E. Steffes            $400
       Arthur A. Vingiello           $375
       Gary K. McKenzie              $375
       Patrick S. Garrity            $375
       Michael H. Piper              $375
       Noel Steffes Melancon         $300
       Barbara B. Parsons            $300
       Paralegal                     $90
       Law Clerks                    $90

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

William E. Steffes, member of Steffes Vingiello, 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.

Steffes Vingiello can be reached at:

       William E. Steffes, Esq.
       Steffes, Vingiello & McKenzie, LLC
       13702 Coursey Boulevard, Building 3
       Baton Rouge, LA 70817
       Tel: (225) 751-1751
       Fax: (225) 751-1998

                   About Louisiana Crane

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

Judge Robert Summerhays presides over the case.

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



M&R CHARLESTON: Asks Court to Extend Plan Filing Date to Oct. 3
---------------------------------------------------------------
M&R Charleston Station, Inc., d/b/a The Spaghetti Shop, f/k/a M&R
Outer Loop Inc., asks the U.S. Bankruptcy Court to extend its
exclusive period to file a plan of reorganization to Oct. 3, 2016,
and its exclusive period for soliciting acceptances of a plan of
reorganization until Nov. 2, 2016.

The Debtor needs additional time to put together projections in
support of its Plan.

Counsel for the Debtor:

      Neil C. Bordy, Esq.
      SEILLER WATERMAN LLC
      Meidinger Tower - 22nd Floor
      462 S. Fourth Street
      Louisville, KY 40202
      Telephone: (502) 584-7400
      Facsimile: (502) 583-2100
      E-mail: bordy@derbycitylaw.com

           About M&R Charleston

M&R Charleston Station, Inc. d/b/a The Spaghetti Shop, f/k/a M&R
Outer Loop Inc. filed a Chapter 11 petition (Bankr. S.D. Ind. Case
No. 16-90506), on April 4, 2016. The Debtor's counsel is Neil C.
Bordy, Esq. of Seiller Waterman LLC in Louisville, KY 40202.


MACELLERIA RESTAURANT: Hires DelBello Donnellan as Counsel
----------------------------------------------------------
Macelleria Restaurant, Inc. asks for permission from the Hon. Mark
Kay Vyskocil of the U.S. Bankruptcy Court for the Southern District
of New York to employ DelBello Donnellan Weingarten Wise &
Wiederkehr, LLP as attorneys, nunc pro tunc to the July 25, 2016
petition date.

The Debtor requires DelBello Donnellan to:

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

       of its property and affairs;

   (b) negotiate with creditors of the Debtor and work out a plan
       of reorganization and take the necessary legal steps in
       order to effectuate such a plan including, if need be,
       negotiations with the creditors and other parties in
       interest;

   (c) prepare the necessary answers, orders, reports and other
       legal papers required for the Debtor's protection from its
       creditors under Chapter 11 of the Bankruptcy Code;

   (d) appear before the Bankruptcy Court to protect the interest
       of the Debtor and to represent the Debtor in all matters
       pending before the Court;

   (e) attend meetings and negotiate with representatives of
       creditors and other parties in interest

   (f) advise the Debtor in connection with any potential sale of
       its assets;

   (g) represent the Debtor in connection with obtaining post-
       petition financing, if necessary;

   (h) take any necessary action to obtain approval of a
       disclosure statement and confirmation of a plan of
       reorganization; and

   (i) perform all other legal services for the Debtor which may
       be necessary for the preservation of the Debtor's estates
       and to promote the best interests of the Debtor, its
       creditors and its estates.

DelBello Donnellan will be paid at these hourly rates:

       Attorneys                   $375-$595
       Paraprofessionals           $150

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

DelBello Donnellan received a third-party pre-petition retainer
from the Debtor, in conjunction with the filing of this Chapter 11
case in the amount of $27,500.

Jonathan S. Pasternak, partner of DelBello Donnellan, 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.

DelBello Donnellan can be reached at:

       Jonathan S. Pasternak, Esq.
       Julie Cvek Curley, Esq.
       DELBELLO DONNELLAN WEINGARTEN
       WISE & WIEDERKEHR, LLP
       One North Lexington Avenue
       White Plains, NY 10601
       Tel: (914) 681-0200

Macelleria Restaurant, Inc. filed a Chapter 11 bankruptcy petition
(Bankr. S.D.N.Y. Case No. 16-12110) on July 25, 2016.


MACELLERIA RESTAURANT: Hires Great American as Real Estate Broker
-----------------------------------------------------------------
Macelleria Restaurant, Inc., seeks authority from the U.S.
Bankruptcy Court for the Southern District of New York to employ
Great American Brokerage, Inc. as real estate broker to the
Debtor.

Macelleria Restaurant requires Great American to market and sell
its Restaurant, an Italian steakhouse known as Macelleria in the
heart of New York City's Meatpacking District, which includes its
commercial lease, furniture, fixtures and equipment, goodwill and
all other tangible and intangible assets.

Great American will also perform these services:

   (a) advertise the proposed sale;

   (b) offer the proposed sale through various listing services
       including but not limited to Loopnet, CoStar, Long Island
       Commercial Network, Deal Makers, Shopping Center Digest as
       well as regular Emails and Eblasts both to commercial real
       estate brokers and over 2,000 restaurant operators;

   (c) create brochures with respect to the proposed sale for
       Prospective purchasers; and

   (d) show the subject business premises to prospective
       purchasers.

Great American will be paid a commission in the amount of 10% of
the gross sale proceeds. Costs of advertising, to be advanced by
the Great American, shall be reimbursed in an amount up to $1,000
per month from the proceeds of sale.

Great American's compensation from the currently contemplated sale
transaction is estimated at $120,000.00.

Paul G. W. Fetscher, president of Great American Brokerage, Inc.,
assured the Court that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code and does
not represent any interest adverse to the Debtors and their
estates.

Great American can be reached at:

     Paul G. W. Fetscher
     GREAT AMERICAN BROKERAGE, INC.
     100 West Park Avenue
     Long Beach, NY 11561

                     About Macelleria Restaurant

Macelleria Restaurant, Inc., based in New York, NY, filed a Chapter
11 petition (Bankr. S.D.N.Y. Case No. 16-12110) on July 25, 2016.
The Hon. Mary Kay Vyskocil presides over the case. Julie Cvek
Curley, Esq., and Jonathan S. Pasternak, Esq., at Delbello
Donnellan Weingarten Wise & Wiederkehr, LLP, as bankruptcy
counsel.

In its petition, the Debtor estimated $1.10 million to $1.58
million in both assets and liabilities. The petition was signed by
Violetta Bitici, president.


MAINEGENERAL MEDICAL: Moody's Affirms Ba2 Rating; Outlook Stable
----------------------------------------------------------------
Moody's Investors Service affirms MaineGeneral Medical Center's
(MGMC) Ba2 and revises the outlook to stable from negative,
affecting $281 million of debt.

The outlook revision to stable reflects improved margins in FY
2016, expected liquidity growth as MGMC addresses receivables
issues and cash collections increase, and greater headroom to
financial covenants.  While the aforementioned factors suggest
credit stability, the Ba2 rating reflects the hospital's high
leverage and weak liquidity and the absence of a longer track
record of improved margins.  The rating incorporates MGMC's leading
market position and limited capital needs given the recent opening
of a replacement hospital.

Rating Outlook
The stable outlook reflects improved margins in FY 2016, expected
liquidity growth as the hospital addresses receivables issues and
cash collections increase, and greater headroom to financial
covenants.  The outlook also assumes no incremental leverage.

Factors that Could Lead to an Upgrade

  Sustained improvement in operating cashflow margin, as reported
   in interim FY 2016
  Sizable growth in liquidity
  Deleveraging of balance sheet and operation, resulting in
   improved debt metrics
  Greater headroom under financial covenants

Factors that Could Lead to a Downgrade

  Decline in liquidity
  Violation of bond or term loan covenants or reduced headroom
  Decline in operating margins below recent 3-year average
  New incremental leverage

Legal Security
Bonds are secured by a pledge of gross receipts of the Obligated
Group, a mortgage lien on the main campus, and a debt service
reserve fund.  As additional security, there is a surety bond for
$15 million secured by the Harold Alfond Foundation.  The Obligated
Group includes MaineGeneral Health, MaineGeneral Medical Center,
MaineGeneral Health Associates, HealthReach Network, MaineGeneral
Rehabilitation and Nursing Care, and MaineGeneral Retirement
Community.

Use of Proceeds
Not applicable

Obligor Profile
MaineGeneral Health is comprised of two campuses; MaineGeneral
Medical Center's Alfond Center for Health which provides inpatient
and outpatient services and the Thayer Center for Health in
Waterville, which provides outpatient care and a 24/7 Emergency
Department.  MaineGeneral also operates home care and community
mental health services, long-term care facilities, physician
practices, and senior housing through its subsidiaries.

Methodology
The principal methodology used in this rating was Not-For-Profit
Healthcare Rating Methodology published in November 2015.


MCCLATCHY CO: Names New Member to Board of Directors
----------------------------------------------------
McClatchy announced the appointment of Maria Thomas to its board of
directors, effective Aug. 15, 2016.  Thomas replaces Kathleen Foley
Feldstein, a long-standing member of the board, who retired at
McClatchy's annual meeting on May 18, 2016.

Thomas was an early product leader at Amazon.com and has been
building innovative digital business models and lasting consumer
brands ever since.  She spent seven years leading NPR Digital and
most recently served as the interim CEO and strategic advisor to
Glamsquad, a NYC-based startup offering beauty services on demand.
Thomas has held executive roles with other successful startups like
Etsy (NASDAQ: ETSY) and SmartThings, as well as with more
established brands like American Express.


"I am thrilled to welcome Maria to McClatchy's board of directors,"
said Kevin McClatchy.  "Maria has a talent for taking companies
from startup to success.  I look forward to the impact she can make
in helping the company develop its digital strategies further and
continuing its strong digital execution."

Thomas was the first non-founder CEO at Etsy from 2008 to 2010. She
led the young company through a period of extraordinary growth and
into profitability.  Under her leadership, Etsy became a trusted
global brand embraced by seven million customers and a trusted
e-commerce platform serving hundreds of thousands of sellers with
gross merchandise sales of more than $300 million Subsequently,
Thomas served as Chief Marketing and Consumer Officer for
SmartThings, a pioneer in the consumer Internet of Things arena.
She helped SmartThings navigate its two year journey from launch on
Kickstarter to a $200 million sale to Samsung.

Thomas broke similar ground in the news industry where, from
2001-2008, she was SVP and GM of NPR Digital.  She was a driving
force behind NPR's successful transformation from a radio-only
company to a best-in-class, multimedia enterprise.

Thomas currently serves on the board of the privately held digital
textile printing and e-commerce company, Spoonflower.  She served
three years on the board of online grocery company Relay Foods
before its merger with Door-to-Door Organics.  Thomas is also an
angel investor in several start-ups.

"I am excited to join the McClatchy board at such a transformative
juncture for the company," Thomas said.  "They are tackling the
challenges of our digital world head on while staying true to their
159-year record of community service journalism."

McClatchy president and CEO Pat Talamantes said, "Maria's deep
digital management and product experience, her work with investors
and venture capitalists, and background in media make her uniquely
suited to helping McClatchy develop new business models for public
service journalism.  She will be a tremendous addition to the board
and a great resource for the management team."

Thomas holds an undergraduate degree in accounting from Boston
University and earned her MBA from Northwestern's Kellogg School of
Management.

She started her career on Wall Street as a financial analyst and
spent seven years with World Bank Group as an Investment Officer
with the International Finance Corporation, the World Bank's
private sector arm.

With the appointment of Thomas, McClatchy's board of directors now
consists of 11 members including 3 Class A directors and 8 Class B
directors.

                   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.


MIDSTATES PETROLEUM: Seeks Exclusivity Extension Thru Oct. 27
-------------------------------------------------------------
BankruptcyData.com reported that Midstates Petroleum filed with the
U.S. Bankruptcy Court a motion to extend the exclusive period
during which the Company can file a Chapter 11 plan and solicit
acceptances thereof through and including October 27, 2016. The
motion explains, "The Debtors are mere weeks away from the hearing
to confirm their value-maximizing plan, to the benefit of all
stakeholders in these chapter 11 cases. As intended from the
outset, these cases have moved expeditiously, a reflection of the
consensus of $1.1 billion of claims that have committed to support
the Debtors' proposed restructuring pursuant to the plan support
agreement. That swift progress has been and continues to be a key
aspect of the value proposition presented by the plan, with the
fully-consensual confirmation timeline contemplating a confirmation
hearing beginning on August 29 (at the latest). However, the
Debtors' exclusive period to file a plan is currently set to expire
on August 28. Thus, out of an abundance of caution, the Debtors
hereby request an extension of their plan-filing exclusivity period
through October 27, which will coincide with the end of their
initial exclusive period to solicit votes on a plan. Granting this
extension would create a number of benefits for these chapter 11
cases and for all parties in interest."

The Court scheduled an August 25, 2016 hearing on the motion,
according to the report.

                   About Midstates Petroleum Company

Midstates Petroleum Company, Inc. --
http://www.midstatespetroleum.com/-- is an independent exploration
and production company focused on the application of modern
drilling and completion techniques in oil and liquids-rich basins
in the onshore U.S. Midstates' drilling and completion efforts are
currently focused in the Mississippian Lime oil play in Oklahoma
and Anadarko Basin in Texas and Oklahoma. The Company's operations
also include the upper Gulf Coast tertiary trend in central
Louisiana.

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

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

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


MIKEY AND SUNSHINE: 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 Mikey and Sunshine Inc.

Mikey and Sunshine Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D. Wash. Case No. 16-13574) on July 7,
2016.  The Debtor is represented by Emily A Jarvis, Esq., at  Wells
and Jarvis, P.S.


MILLENNIUM HEALTHCARE: Finalizes $3.6-Mil. Debt Settlement
----------------------------------------------------------
Millennium HealthCare, Inc., a developer and distributor of
advanced healthcare services and innovative medical technologies,
on Aug. 3, 2016, issued a corporate update.  Millennium has been
focused on rebuilding its physician practice management business
and its products division, as part of the Company's re-launch and
structural re-organization announced in March.  Additionally, the
Company announced that it has settled $3,567,306.77 of debt and has
been formally released from bankruptcy court from a suit filed by
creditors in February this year.

Lou Resweber, Chief Executive Officer of Millennium, stated, "We
are happy with the settlement and look forward to continuing our
progress on Millennium's re-launch and re-organization.  In
addition to finalizing the settlement, Management has also
continued to work on developing Millennium's Services and Products
Divisions that would offer physician practice development, support
and administration services for physician facilities and practices
and provide leading edge medical devices and equipment for the
early detection of some primary health care concerns in this
nation, including cancer and heart disease."

"Lou has done a great job leading Millennium since joining the
Company earlier this year.  His dedication and hard work managing
the Company's re-organization has prepared the Services and
Products Division to better serve our physician community.  I am
very pleased with the outcome of the suit and look forward to
Millennium's further progress throughout the rest of the year,"
added
Dominick Sartorio, Executive Chairman of Millennium.

                About Millennium HealthCare Inc.

Millennium HealthCare Inc. -- http://www.millenniumhcs.com/--
through its wholly owned operating subsidiaries, provides
hospitals, primary care physician practices, physician groups and
healthcare facilities of all sizes with cutting-edge technology
driven applications, systems and medical devices focused primarily
on preventive care through early detection.  The Company also
provides advanced billing and coding services, and practice
development and management services.

                     About Millennium Lab

Millennium Lab Holdings II, LLC, Millennium Health, LLC and Rxante,
LLC, providers of laboratory-based diagnostic testing focused on
drugs of abuse and clinical medication monitoring, filed Chapter 11
bankruptcy petitions (Bankr. D. Del. Case Nos. 15-12284, 15-12285
and 15-12286, respectively) on
Nov. 10, 2015.  The Debtors estimated assets in the range of $100
million to $500 million and liabilities of more than $1 billion.

The Debtors have engaged Skadden, Arps, Slate, Meagher & Flom LLP
as counsel; Young Conaway Stargatt & Taylor, LLP as conflicts
counsel; Lazard Freres & Co., LLC, as investment banker; Alvarez &
Marsal as financial advisor; and Prime Clerk LLC as claims and
noticing agent.

Judge Laurie Selber Silverstein has been assigned the case.


MIS REINAS: Hires Oscar L. Cantu Jr. as Bankruptcy Counsel
----------------------------------------------------------
Mis Reinas, LLC seeks authorization from the U.S. Bankruptcy Court
for the Western District of Texas to employ Oscar L. Cantu, Jr.,
Attorney at Law, PLLC as legal counsel for the debtor in
possession.

The Debtor requires Oscar L. Cantu, Esq. to:

     a. advise and consult with the Debtor as to his powers and
duties in the continued operation of their business and management
of his property during bankruptcy.

     b. take actions as may be necessary to preserve and protect
the Debtor's assets, including, if required by the facts and
circumstances, the prosecution of adversary proceedings and other
actions on the Debtor's behalf, the defense of actions commenced
against the Debtor, negotiations concerning litigation in which the
Debtor is involved, objection to the allowance of any objectionable
claims filed against the Debtor's estate and estimation of claims
against the estates where appropriate;

     c. prepare, on behalf of the Debtor, necessary applications,
motions, complaints, adversary proceedings, answers, orders,
reports, and other pleadings and legal documents, in connection
with matters affecting the Debtor and his estates;

     d. assist the Debtor in the development, negotiation and
confirmation of a plan of reorganization and the preparation of a
disclosure statement or statements in respect thereof; and

     e. perform other legal services that the Debtor may request in
connection with this Chapter 11 case and pursuant to the Bankruptcy
Code.
   
Oscar L. Cantu, Jr., Attorney at Law, PLLC will be paid at these
hourly rates:

         Oscar L.Cantu, Jr.                  $225

The hourly rates will be applied against a retainer of $3,500.

Oscar L. Cantu, Jr., Attorney at Law, PLLC will also be reimbursed
for reasonable out-of-pocket expenses incurred.

Oscar L. Cantu, Jr., Attorney at Law, PLLC, 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.

Oscar L. Cantu, Jr., Attorney at Law, PLLC may be reached at:

      Oscar L. Cantu, Jr., Esq.
      Attorney at Law, PLLC
      597 S. Main
      San Antonio, TX 78204
      Telephone: (210)846-0356
      Telecopier: (210)354-2996

Based in San Antonio, Texas, Mis Reinas LLC -- fka Rachel's
Barbacoa and aka Mis Reinas Barbacoa -- filed a Chapter 11
bankruptcy petition (Bankr. W.D. Tex. Case No. 16-51603) on July
16, 2016.


MM SHOWS: Court Extends Plan Filing Date to Sept. 30
----------------------------------------------------
Judge Raymond B. Ray of the U.S. Bankruptcy Court for the Southern
District of Florida extends MM SHOWS, LLC's exclusive period to
file a plan of reorganization through and including Sept. 30, 2016,
and the time to solicit ballots on the plan to Nov. 30, 2016.

The Troubled Company Reporter previously reported that the Debtor
asked the Court to extend its exclusivity periods because of its
desire to focus its full attention on reestablishing its business,
and formulating an exit strategy to this Chapter 11 case.  The
Debtor does not want to be concerned with competing plans.

The Debtor's counsel can be reached at:

       Brian S. Behar, Esq.
       BEHAR, GUTT & GLAZER, P.A.
       DCOTA, Suite A-350
       1855 Griffin Road
       Ft. Lauderdale, FL 33004
       Tel: (305) 931-3771
       Fax: (305) 931-3774
       Email: bsb@bgglaw.net

              About MM Shows

MM Shows, LLC, dba Celebrity Sports, was engaged in the retail sale
of novelty and collectable items, both sports and other related
items.  It operated its business from its one location at 1825 N.
Pine Island Road, Plantation, Florida 33322.

MM Shows filed for Chapter 11 bankruptcy protection (Bankr. M.D.
Fla. Case No. 16-12962) on March 1, 2016.  The Debtor is
represented by Brian S. Behar, Esq., at Behar, Gutt & Glazer, PA.


MODULAR SPACE: Moody's Changes Direction of Review on Caa1 CFR
--------------------------------------------------------------
Moody's Investors Service changed the direction of its review on
Modular Space Holdings, Inc.'s (ModSpace) Caa1 corporate family
rating and Modular Space Corporation's Caa2 senior secured rating
to "review direction uncertain" from "review for upgrade".  The
review was initiated on March 17, 2016, after the company's
announcement that it had entered into a conditional agreement to
merge with Williams Scotsman International, Inc. ("William
Scotsman"), a subsidiary of Algeco Scotsman ("Algeco", Algeco
Scotsman Global S.A.R.L.'s corporate family rating B3, on review
for downgrade), with ModSpace as the surviving entity.

These ratings have been placed on review, direction uncertain:

Issuer: Modular Space Corporation
  Senior Secured Regular Bond/Debenture, currently Caa2

Issuer: Modular Space Holdings, Inc.
  Corporate Family Rating, currently Caa1

                      RATINGS RATIONALE

The change in the direction of the review to "direction uncertain"
reflects an increased probability of a downgrade of ModSpace's
ratings, given the company's announcement that it did not make its
semi-annual interest payment on its Caa2-rated senior notes on Aug.
1, 2016.  While the skipped interest payment does not constitute a
default under the company's note indenture given the existence of
the 30-day grace period, in Moody's view, it signals an increase in
the probability of default on its obligations.

On the other hand, ModSpace's ratings could still be upgraded if
Moody's determines that the merged entity will have significantly
improved profitability and lower leverage.  Ratings could also be
confirmed at their current level if Moody's concludes that the
merged ModSpace entity's profitability and leverage will not
materially improve in the four quarters following the transaction
close.

Currently, ModSpace is evaluating various financing options for the
transaction, which will likely include a combination of debt and
equity funding, including a new asset based lending (ABL) facility.
The transaction, which is subject to a number of conditions and
requirements including regulatory approvals and financing, is
expected to close by the end of the third quarter of 2016.

The maturity of ModSpace's existing ABL facility has been extended
until Aug. 29, 2016.  The $800 million borrowing limit of the
syndicated ABL facility was reduced by $32 million at its latest
renewal in July 2016, after some lenders did not renew its
participation.  As of March 31, 2016, there was $582 million
outstanding under the facility.  The availability under the
facility is subject to a borrowing base and covenant restrictions.

Based in Berwyn, PA, ModSpace is a North America-based provider of
modular buildings, storage, and services for temporary and
permanent space needs.

The principal methodology used in these ratings was Finance
Companies published in October 2015.


NOVABAY PHARMACEUTICALS: Completes $11.8-Mil. Private Placement
---------------------------------------------------------------
NovaBay Pharmaceuticals, Inc., closed a $4.0 million tranche of a
previously-announced private placement of common stock and warrants
to accredited investors, bringing total proceeds to $11.8 million.
The first tranche of the private placement with proceeds of $7.79
million was completed in May 2016.

In the two tranches, investors purchased an aggregate 6,173,299
shares of NovaBay common stock and warrants exercisable for
3,086,651 shares of NovaBay common stock at a purchase price of
$1.91 per unit.  The warrants have a four-year term from the date
of issuance, an exercise price of $1.91 per share and are callable
by NovaBay if the closing price of its common stock as reported by
the NYSE MKT is $4.00 per share or greater for five consecutive
trading days.  Should all warrants be exercised, gross proceeds
will total approximately $5.9 million, and the total amount raised
in this financing will be nearly $18 million.

Investors participating in the private placement include current
stockholders Mr. Jian Ping Fu and Pioneer Pharma (Singapore) Pte.
Ltd. Pioneer Pharma (Singapore) Pte. Ltd., together with its
affiliates, is NovaBay's largest shareholder.  China Kington Asset
Management Co. Ltd. acted as the sole placement agent for the sales
to Mr. Fu, Pioneer Pharma (Singapore) Pte. Ltd. and three other
investors.  NovaBay's Chairman, President and CEO Mark M.
Sieczkarek, as well as other accredited investors, also
participated in the private placement.

"The NovaBay team is dedicated to increasing sales of Avenova and
managing expenses to meet our goal of positive cash flow from
operations by the end of 2016," said Mr. Sieczkarek.

"We are fully committed to NovaBay as its long-term financial
partner," said Eric Wu, partner and senior vice president of China
Kington Asset Management.  "We are excited about Avenova and the
numerous benefits it brings to individuals afflicted with chronic
blepharitis and dry eye.  We also are highly supportive of
management's execution on innovative marketing and sales strategies
aimed at increasing prescriptions and sales of Avenova."

                   About NovaBay Pharmaceuticals

NovaBay Pharmaceuticals is a biopharmaceutical company focusing on
the commercialization of prescription Avenova lid and lash hygiene
for the domestic eye care market.  Avenova is formulated with
Neutrox which is cleared by the U.S. Food and Drug Administration
(FDA) as a 510(k) medical device.  Neutrox is NovaBay's proprietary
pure hypochlorous acid.  Laboratory tests show that hypochlorous
acid has potent antimicrobial activity in solution yet is non-toxic
to mammalian cells and it also neutralizes bacterial toxins.
Avenova is marketed to optometrists and ophthalmologists throughout
the U.S. by NovaBay's direct medical salesforce.  It is accessible
from more than 90% of retail pharmacies in the U.S. through
agreements with McKesson Corporation, Cardinal Health and
AmeriSource Bergen.

NovaBay reported a net loss of $18.97 million in 2015, a net loss
of $15.19 million in 2014 and a net loss of $16.04 million in
2013.

As of March 31, 2016, Novabay had $4.93 million in total assets,
$12.2 million in total liabilities, and a total stockholders'
deficit of $7.29 million.

OUM & Co. LLP in San Francisco, California, audited the
consolidated balance sheets of NovaBay Pharmaceuticals, Inc. as of
December 31, 2015 and 2014 and the related consolidated statements
of operations and comprehensive loss, stockholders' equity, and
cash flows for each of the three years in the period ended December
31, 2015.  The firm noted that the Company has suffered recurring
losses and negative cash flows from operations and has a
stockholders' deficit, all of which raise substantial doubt about
its ability to continue as a going concern.


OMNOVA SOLUTIONS: Moody's Affirms B1 CFR, Outlook Stable
--------------------------------------------------------
Moody's Investors Service affirmed OMNOVA Solutions Inc.'s B1
Corporate Family Rating and assigned a B1 rating to a proposed $350
million senior secured term loan.  Proceeds from the new debt will
be used to refinance the existing unsecured notes and secured term
loan.  Moody's also assigned a Speculative Grade Liquidity Rating
of SGL-2.  The rating outlook is stable.

"The transaction will improve the company's cash flow and
liquidity.  We also expect the company will continue to improve
profitability from restructuring initiatives and start generating
better free cash flow over the next 12-18 months," said Ben Nelson,
Moody's Vice President and Lead Analyst for OMNOVA.

Issuer: OMNOVA Solutions Inc.

Assignments:
  Speculative Grade Liquidity Rating, Assigned SGL-2; and
  Senior Secured Term Loan, Assigned B1 (LGD3).

Affirmations:
  Corporate Family Rating, Affirmed B1; and
  Probability of Default Rating, Affirmed B1-PD.

Outlook Actions:
  Outlook, Remains Stable.

The assigned ratings are subject to Moody's review of final
documentation.  The existing secured and unsecured ratings are
expected to be withdrawn following full repayment after the closing
of the proposed refinancing transaction.

                        RATINGS RATIONALE

The B1 Corporate Family Rating is constrained primarily by business
characteristics that contribute to significant operating cash flow
volatility combined with the significant ongoing cash requirements
of a leveraged balance sheet.  Product diversity and operating
margins are low relative to rated peers.  Input costs and end
markets are cyclical.  The company is exposed to the ongoing
secular decline in the coated paper end market, but profitability
is improving from cost reductions, capacity rationalization, and
focus on higher margin products.  Adjusted financial leverage is
high for the rating category, but the trend is improving and cash
flow measures are expected to remain solid. Strong market positions
in chemicals and a demonstrated ability to pass through input cost
inflation also support the rating.  The presence of an activist
investor on the company's board carries event risk with a
standstill set to expire in late 2016.

Moody's estimates interest coverage near 3 times (EBITDA/Interest)
and financial leverage in the mid 5 times (Debt/EBITDA) for the
twelve months ended May 31, 2016.  Moody's expects that the company
will continue to improve profitability with the restructuring and a
focus on higher-margin businesses, which will help reduce leverage
to under 5 times in the near term.  Moody's expects that the
company will generate retained cash flow of at least 10% (RCF/Debt)
and at least $25 million of free cash flow in 2017.

The SGL-2 Speculative Grade Liquidity Rating reflects good
liquidity to support operations.  OMNOVA reported over $130 million
of available cash and revolving credit, comprised of
$61 million of cash and has an undrawn asset-based credit facility
with $70 million of availability at May 31, 2016.  The revolving
credit facility contains a springing fixed charge coverage ratio
set at 1.1x if availability falls below $25 million.  Moody's does
not expect the covenant will be tested in the near-term, nor do we
expect the revolver will be drawn given the large cash balance and
anticipated modest free cash flow generation over the next several
quarters.  The SGL-2 assumes that the company's asset-based
revolving credit facility, which matures in December 2017, will be
extended for five years as part of the proposed refinancing
transaction.

The stable rating outlook assumes that the company will continue to
improve profitability, reduce leverage to under 5.0x in the
near-term, and maintain at least good liquidity to support
operations.  Moody's could upgrade the rating with expectations for
adjusted financial leverage sustained below 3.5x (Debt/EBITDA),
retained cash flow-to-debt sustained above 15% (RCF/Debt), and
maintenance of good liquidity.  Moody's could downgrade the rating
with expectations for adjusted financial leverage sustained above
5.5x, sustained negative free cash flow, or a substantive
deterioration in liquidity.

The principal methodology used in these ratings was Global Chemical
Industry Rating Methodology published in December 2013.

OMNOVA Solutions Inc. manufactures decorative and functional
surfaces, emulsion polymers, and specialty chemicals. The company
operates in two business segments: Performance Chemicals, which
includes binders, coatings, and adhesives, paper, carpet,
construction, oil and gas drilling and protection, and tire core
industries; and Engineered Surfaces, which includes coated fabrics,
decorative laminates, and performance films. Headquartered in
Beachwood, Ohio, OMNOVA generated revenues of about $788 million
for the twelve months ended May 31, 2016.


ORACLE PROJECT I: Court to Take Up Plan Outline on Sept. 1
----------------------------------------------------------
The U.S. Bankruptcy Court for the District of Arizona is set to
hold a hearing on September 1, at 2:00 p.m., to consider the
disclosure statement detailing the Chapter 11 plan of
reorganization of Oracle Project 1, LLC.

The hearing will take place at the U.S. Bankruptcy Court, Court
Room 329, 38 S. Scott, Tucson, Arizona.  The last day for filing
objections is five business days prior to the hearing.

                      About Oracle Project I

Oracle Project I, LLC's most significant asset is what is commonly
known as the historic "3C Ranch" in Oracle, Arizona.  The property
is specifically located at 36033 South Mount Lemmon Road, Oracle,
Arizona 85623.  Additionally, Oracle owns four small vacant
parcels.  Oracle's members are Darimont Ranch, LLC (75%) and
Turnkey Opportunity, LLC (25%).

Oracle Project I, LLC, filed a Chapter 11 petition (Bankr. D. Ariz.
Case No. 15-08330) on July 2, 2015.

Attorneys for Debtor:

         NEFF & BOYER, P.C.
         Jeffrey M. Neff
         Amanda C. Fife
         Camp Lowell Corporate Center
         4568 E. Camp Lowell Drive
         Tucson, AZ 85712
         Tel: (520) 722-8030
         Fax: (520) 722-8032
         E-mail: jeff@nefflawaz.com
                 amanda@nefflawaz.com


OWENS CORNING: Moody's Assigns Ba1 Rating to Proposed 2026 Notes
----------------------------------------------------------------
Moody's assigned a Ba1 rating to the company's proposed $400
million senior unsecured notes due 2026. Moody's affirmed Owens
Corning's ("OC") Ba1 Corporate Family Rating and its Ba1-PD
Probability of Default Rating. Moody's upgraded its Speculative
Grade Liquidity Rating to SGL-1 from SGL-2 based on expectations of
the company continuing to produce free cash flow, resulting in less
usage of its revolving credit facility and securitization facility.
Moody's expects the proposed notes to have substantially the same
terms and conditions as the existing senior unsecured notes and to
rank pari passu in right of payment to the company's other
unsecured obligations. The rating outlook is stable.

Proceeds from the proposed notes will be used to pay off the
remaining balance of the 6.5% $158 million senior unsecured notes
due 2016, at which time the rating for this debt will be withdrawn,
to term out about $80 million of borrowings under the accounts
receivable securitization (unrated), and to pay related fees and
expenses. The remaining proceeds of about $160 million will be used
for general corporate purposes including but not limited to
partially financing future acquisitions and possibly terming out a
portion of OC's $300 million term loan maturing in 2020 (unrated).
OC anticipates the proposed notes having a reduced rate relative to
its other notes.

The $300.0 million term loan and about $150 million of borrowings
under the accounts receivable securitization were used to acquire
InterWrap Holdings, Inc. on April 21, 2016. InterWrap is a
manufacturer of roofing underlayment and expands OC's product
offerings within its roofing business.

The following ratings/assessments were affected by this action:

Corporate Family Rating affirmed at Ba1;

Probability of Default Rating affirmed Ba1-PD;

Senior unsecured notes affirmed at Ba1 (LGD4); and,

Senior unsecured notes due 2026 assigned Ba1 (LGD4).

Speculative Grade Liquidity Rating upgraded to SGL-1 from SGL-2.

Outlook, Stable

RATINGS RATIONALE

Owens Corning's Ba1 Corporate Family Rating reflects the company's
business profile characterized by its large scale and product
diversity. Its three primary businesses - composites, insulation
and roofing - provide a diversified revenue base. Each is expected
to be earnings contributors, though the composites business is
being negatively impacted by foreign exchange translation.
Insulation and roofing will continue to benefit from higher volumes
and potentially some price increases due to the sustained strength
in both domestic repair and remodeling activity as well as new
residential construction.

Due to end market strength, OC's credit metrics are improving. Over
the next 12-18 months, Moody's projects OC's EBITA margins
remaining in-line with current performance (13.1% for LTM 2Q16),
highest levels since 2005 -- 2006 time frame. Increased earnings
will translate into better credit metrics. Moody's expects interest
coverage (measured as EBITA-to-interest expense) approaching 6.0x
despite higher levels of balance sheet debt compared to 5.1x for
LTM 2Q16 and debt leverage trending towards 2.5x over the next
12-18 months from 2.7x at 2Q16. All ratios incorporate Moody's
standard adjustments.

Moody's said, "The upgrade in OC's speculative grade liquidity to
SGL-1 from SGL-2 results from projected solid levels of free cash
flow over the next 12 months due to higher earnings and better
working capital management. OC generated in excess of $479 million
in free cash flow for LTM 2Q16. Further supporting the upgrade in
the liquidity rating is excess revolver availability under its $800
million revolving credit facility. Availability was $791 million at
2Q16 after taking into effect only $9 million in letter of credit
commitments, and availability under the company's $250 million
Accounts Receivable Securitization Facility maturing in 2018. We do
not anticipate significant levels of borrowings due to the
company's ability to generate free cash flow. We expect OC will
continue to use its securitization facility first for working
capital needs due to lower pricing relative to the revolver for
working capital needs and for partially funding acquisitions. Pro
forma availability of the securitization facility will be $250
million."

Despite improving debt credit metrics and a better liquidity
profile, the stable rating outlook remains appropriate at this
time, allowing OC to pursue acquisitions and shareholder friendly
activities. Upon closing of the proposed notes, OC will have about
$3.0 billion in total adjusted debt, highest level since the
company emerged from bankruptcy in October 2006. Moody's adds about
$560 million of pension liabilities and operating lease adjustments
to total debt. Also, OC is pursuing partial growth through
acquisitions, using debt in the near-term to fund these purchases.
It acquired InterWrap earlier this year for $450 million. OC may
pursue other acquisitions, potentially stressing liquidity by the
use of its credit facilities as a source of partial funding,
pressuring debt credit metrics, and creating integration risks. In
addition, OC may deploy excess cash towards shareholders such as
dividends and high levels of share repurchases, rather than
reducing balance sheet debt or adding to its liquidity by keeping
cash on balance sheet.

An upgrade could ensue if Owens Corning continues to perform well,
delivering debt credit metrics that remain supportive of investment
grade ratings such as debt leverage remaining below 3.0x throughout
the cycle. Also, OC must demonstrate that it is committed to an
investment-grade ratings and its ability to weather the volatility
in the US construction end market, main driver of revenues and
resulting earnings.

Moody's said, "We do not believe that downward rating pressures
will occur over the next 12 to 18 months. However, longer term
negative rating actions could ensue if Owens Corning's operating
performance falls below our expectations or if the company
experiences a weakening in performance due to a decline in product
demand, resulting in the following metrics (all ratios incorporate
Moody's standard adjustments) or characteristics:

-- EBITA-to-Interest expense remaining below 3.0x (5.1x LTM 2Q16)

-- Debt-to-EBITDA above 4.0x (2.7x at 2Q16)

-- Deterioration in the liquidity profile

-- Large debt-financed acquisitions

-- Higher levels of share repurchases"

Owens Corning, headquartered in Toledo, OH, is a global producer of
composites and building materials systems. Products range from
glass fiber used to reinforce composite materials used in
transportation, electronics, marine, wind energy and other
high-performance markets to insulation and roofing used in
residential, commercial, and industrial applications. Revenues for
the 12 months through June 30, 2016 totaled approximately $5.5
billion.


PERFORMANCE SPORTS: Unveils Add'l Corp. Restructuring Activities
----------------------------------------------------------------
Performance Sports Group Ltd., a developer and manufacturer of high
performance sports equipment and apparel, on Aug. 2, 2016,
announced additional corporate restructuring activities which will
result in the Company reducing its workforce across several areas
and levels of the organization.

As a result of this restructuring, the Company expects to record
severance expense of approximately $2.8 million in the first half
of fiscal 2017 and estimates annualized savings of approximately
$5.9 million in salary and associated benefits.  Combined with the
Company's recent announcement of a consolidation of its
baseball/softball segment, Performance Sports Group will have
reduced its workforce by approximately 15% since the close of its
fiscal year 2016.

"We continue to examine our corporate structure as well as identify
savings opportunities across the organization that can be
re-invested in key consumer and customer-facing activities, and
utilized to pay down debt," said Harlan Kent, Chief Executive
Officer, Performance Sports Group.  "It is important that we focus
our efforts on our core businesses of hockey, baseball/softball and
lacrosse, while we make improvements to our business processes with
the goal of making our entire Company more efficient and
effective."

              About Performance Sports Group Ltd.

Performance Sports Group Ltd. (NYSE:PSG)(TSX:PSG) --
http://www.PerformanceSportsGroup.com/-- is a developer and
manufacturer of ice hockey, roller hockey, lacrosse, baseball and
softball sports equipment, as well as related apparel and soccer
apparel.  Its products are marketed under the BAUER, MISSION,
MAVERIK, CASCADE, INARIA, COMBAT and EASTON brand names and are
distributed by sales representatives and independent distributors
throughout the world.  In addition, the Company distributes its
hockey products through its Burlington, Massachusetts and
Bloomington, Minnesota Own The Moment Hockey Experience retail
stores.  Performance Sports Group is a member of the Russell 2000
and 3000 Indexes.

                           *     *     *

The Troubled Company Reporter, on March 23, 2016, reported that
Standard & Poor's Ratings lowered its corporate credit rating on
Exeter, N.H.-based sports equipment company Performance Sports
Group Ltd. to 'CCC+' from 'B-'.  The outlook is negative.   At the
same time, S&P lowered the issue-level rating on PSG's $450 million
term loan due 2021 to 'CCC+' from 'B-'.  The recovery rating was
revised to '4', indicating S&P's expectations for average recovery
(30% to 50%), at the lower half of the range, in
the event of a payment default, from '3'.


PRIMESOURCE BUILDING: Moody's Affirms B2 Corporate Family Rating
----------------------------------------------------------------
Moody's Investors Service affirmed PriSo Acquisition Corporation's,
the direct holding company of PrimeSource Building Products, Inc.
(collectively "PrimeSource"), B2 Corporate Family Rating and its
B2-PD Probability of Default Rating despite the debt-financed
dividend, since Moody's expects future operating performance and
debt reduction will result key debt credit metrics supportive of
the current ratings. In related rating actions, Moody's affirmed
the B2 rating assigned to the Sr. Sec. Term Loan due 2022, which is
being increased to about $427 million from $352 million, and the
Caa1 rating assigned to the Sr. Unsec. Notes due 2023, which is
being increased as well to $275 million from $200 million. Term and
conditions for each add-on will be the same as those for the
existing term loan and notes, respectively. Proceeds from the
add-ons and $75 million of borrowings under the company's revolver
(unrated) will be used to pay a $210 million dividend to Platinum
Equity, owner of PrimeSource, and to pay related fees and expenses.
The rating outlook is stable.

Moody's said, "Even though we forecast key debt credit metrics
returning to levels supportive of current ratings over the next 12
-- 18 months, we view the debt-financed dividend to Platinum
indicative of very aggressive financial policies. Platinum is
monetizing virtually its entire investment only 15 months after
acquiring PrimeSource in May 2015. In addition, the dividend
represents multiple years of future cash flows, which could have
been used to reduce balance sheet debt or to reinvest in the
company."

Following the closing of the proposed transactions, PrimeSource's
debt capital structure will consist of a $300 million asset-based
senior secured revolving credit facility expiring 2020 (unrated),
of which there will be $75 million outstanding, a $427 million Sr.
Sec. Term Loan maturing 2022, and $275 million Sr. Unsec. Notes due
2023.

-- Issuer: PriSo Acquisition Corporation

Affirmations:

--  Probability of Default Rating, Affirmed B2-PD

--  Corporate Family Rating, Affirmed B2

-- Senior Secured Bank Credit Facility, Affirmed B2, to (LGD3)
    from (LGD4)

-- Senior Unsecured Regular Bond/Debenture, Affirmed Caa1 (LGD5)

Outlook Actions:

-- Outlook, Remains Stable

RATINGS RATIONALE

PrimeSource's B2 Corporate Family Rating remains appropriate at
this time. Moody's expects future operating performance and
revolver borrowings repaid by year-end from free cash flow will
result in key debt credit metrics supportive of current ratings.
Moody's estimates debt leverage of around 6.0x at FYE16 based on
$1.3 billion in revenues, operating margins in-line with those
experienced in 1Q16, and no revolver borrowings. Interest coverage
(EBITA-to-interest expense) will be in the 1.75x -2.0x range. All
ratios incorporate Moody's standard adjustments. Better operating
performance and future debt reduction from free cash flows will
enhance further key debt credit metrics. Providing additional
support for the current ratings is sizeable revolver availability,
projected to be around $275 million at FYE16. PrimeSource repaid
all revolver borrowings in 2015, which peaked at $115 million in
May 2015 when Platinum used the revolver to facilitate its
acquisition of PrimeSource. This debt reduction shows both a
willingness and ability to reduce debt. PrimeSource is benefiting
from strength in new housing construction and repair and remodeling
activity, main drivers of the company's revenues and resulting
earnings.

Moody's said, "However, risks remain. Total adjusted debt at
closing is increasing to $850 million, almost 30% higher than 1Q16
levels, resulting in higher debt service requirements. We add about
$75 million to debt for operating lease commitments. Debt
reduction, a key to current ratings, may not occur as the company
could pursue acquisitions using free cash flow. The company may use
its sizeable revolver for "bolt-on" acquisitions, resulting in
reduced liquidity and worsening debt credit metrics. Although we
expect the company's primary end markets to expand, PrimeSource's
revenue is still sourced from highly cyclical end markets, which
can weaken cash flow and debt-service capabilities in economic
downturns."

PrimeSource Building Products, Inc., headquartered in Irving, TX,
is a North American distributor of building materials. PrimeSource
sells its products to building materials retailers and other
distributors for repair and remodeling activity and new housing
construction. Platinum Equity, through its affiliates, is the owner
of PrimeSource. Revenues for the 12 months through June 30, 2016
totaled about $1.3 billion.


PROVIDENCE FINANCIAL: Files Chapter 7 Bankruptcy in Miami
---------------------------------------------------------
Providence Financial Investments, Inc., filed a Chapter 7
bankruptcy petition (Bankr. S.D. Fla. Case No. 16-20516) on July
28, 2016.  Judge A. Jay Cristol presides over the case.

The Debtor is represented by:

          James B Miller, Esq
          19 W Flagler St #416
          Miami, FL 33130
          Tel: (305) 374-0200
          Fax: (305) 374-0250
          E-mail: bkcmiami@gmail.com

A Meeting of Creditors is scheduled to be held on Aug. 29, 2016 at
3:30 p.m. at 51 SW First Ave Room 102, Miami.  Proofs of Claim are
due Nov. 28, 2016.

The Chapter 7 Trustee is:

          Maria Yip
          2 S. Biscayne Blvd #2690
          Miami, FL 33131
          Tel: (305) 908-1862
          E-mail: trustee@yipcpa.com

The Chapter 7 Trustee is represented by:

          Eyal Berger, Esq.
          350 E Las Olas Blvd #1600
          Ft Lauderdale, FL 33301
          Tel: 954.463.2700
          E-mail: eyal.berger@akerman.com

Carolina Bolado, writing for Bankruptcy Law360, reported that the
Florida-based investment firm, which raised more than $64 million
from 400 investors in an allegedly fraudulent securities offering,
has filed for Chapter 7 bankruptcy after the U.S. Securities and
Exchange Commission filed suit in Minnesota to shut down the firm.
The agency claims that the company lied to investors about how
their money was used.


PT USA LP: Seeks Additional 120-Day Extension of Plan Filing Date
-----------------------------------------------------------------
PT USA LP asks the U.S. Bankruptcy Court to extend its exclusive
period to file a plan of reorganization and solicit approval of the
plan by 120 days.

The Debtor seeks the extension to avoid the necessity of having to
file a chapter 11 plan prematurely and to ensure that the plan,
when filed, will be in the best interests of the Debtor and its
creditors.

According to the Debtor, it has reached a conditional settlement
with Suncoast Post-Tension, Ltd.; however, a final settlement
requires the Court's consent and the execution of a final agreement
between Suncoast and the Debtor, as well as the satisfaction of
certain additional contingencies.  Any successful plan of
reorganization requires a resolution of Suncoast's claim, the
Debtor tells the Court.

The Debtor says it is confident that all issues will be resolved
and the settlement can be integrated into a consensual
reorganization presented to the Court for approval, within the next
120 days.  It is to the benefit of the Debtor and the creditors to
wait for final consummation of the settlement with Suncoast to file
a reorganization plan, which would have to be amended even if it
were filed within Debtor's Exclusive Period, the Debtors assert.
The Court has already abated an adversary action filed by Suncoast
in light of the announcement of the conditional settlement, the
Debtor adds.

Attorney for PT USA LP:

       Kevin M. Madden, Esq.
       LAW OFFICES OF KEVIN MICHAEL MADDEN, P.L.L.C.
       5225 Katy Freeway, Suite 520
       Houston, Texas 77007
       Telephone: 281-888-9681
       Facsimile: 832-538-0937
       Email : kmm@kmaddenlaw.com

           About PT USA LP

PT USA LP filed a Chapter 11 petition (Bankr. S.D. Tex. Case No.
16-31795), on April 5, 2016. The case is assigned to Hon. Marvin
Isgur. The petition was signed by Sandeep Patel, manager for
general partner. The Debtor's counsel is Kevin M Madden, Esq., at
Kane Russell Coleman & Logan PC, in Houston, Texas.

At the time of filing, the Debtor had $1 million to $10 million in
estimated assets and $10 million to $50 million in estimated
liabilities. The Debtor did not include a list of its largest
unsecured creditors when it filed the petition.


RAYONIER AM: Moody's Maintains Ba3 Corporate Family Rating
----------------------------------------------------------
Moody's Investors Service views Rayonier A.M. Products Inc. $125
million mandatory convertible preferred stock issue as a positive
credit development. As RYAM intends to use the proceeds for general
corporate purposes, the transaction will improve the company's
liquidity and may contribute to a modest level of improvement in
the company's credit metrics. RYAM's Ba3 Corporate Family Rating,
SGL-1 Speculative Grade Liquidity Rating, and stable rating outlook
are unchanged.


REDIGI INC: Case Summary & 16 Largest Unsecured Creditors
---------------------------------------------------------
Debtor: ReDigi Inc.
        102 NE 2 Street, #261
        Boca Raton, FL 33432

Case No.: 16-20809

Chapter 11 Petition Date: August 3, 2016

Court: United States Bankruptcy Court
       Southern District of Florida (West Palm Beach)

Judge: Hon. Paul G. Hyman, Jr.

Debtor's Counsel: Craig I Kelley, Esq.
                  KELLEY & FULTON, PL
                  1665 Palm Beach Lakes Blvd #1000
                  West Palm Beach, FL 33401
                  Tel: 561-491-1200
                  E-mail: craig@kelleylawoffice.com

Total Assets: $250

Total Liabilities: $6.59 million

The petition was signed by John Mark Ossenmacher, CEO.

A copy of the Debtor's list of 16 unsecured creditors is available
for free at http://bankrupt.com/misc/flsb16-20809.pdf


REFCO INC: Bankr. Judge Clears Defunct Unit from IRS Fine
---------------------------------------------------------
Michael Macagnone, writing for Bankruptcy Law360, reported that
U.S. Bankruptcy Judge Brendan L. Shannon let Refco Public Commodity
Pool LP -- a defunct Refco entity -- escape more than $3.6 million
in IRS fines over unfiled taxes.  On Aug. 2, Judge Shannon ruled
that since its 2005 bankruptcy, the brokerage has had to depend on
another, Cayman Islands-based defunct entity for tax documents.
Judge Shannon held that Refco Public Commodity Pool could not have
possibly filed an accurate partnership return from 2006 to 2008,
because the brokerage had no control over its main source of
information about its own income.

                         About Refco Inc.

Headquartered in New York, Refco Inc. -- http://www.refco.com/  
-- is a diversified financial services organization with
operations in 14 countries and an extensive global institutional
and retail client base.  Refco's worldwide subsidiaries are
members of principal U.S. and international exchanges, and are
among the most active members of futures exchanges in Chicago,
New York, London and Singapore.  In addition to its futures
brokerage activities, Refco is a major broker of cash market
products, including foreign exchange, foreign exchange options,
government securities, domestic and international equities,
emerging market debt, and OTC financial and commodity products.
Refco is one of the largest global clearing firms for
derivatives.  The company has operations in Bermuda.

The company and 23 of its affiliates filed for Chapter 11
protection on October 17, 2005 (Bankr. S.D.N.Y. Case No. 05-
60006).  J. Gregory Milmoe, Esq., at Skadden, Arps, Slate, Meagher
& Flom LLP, represented the Debtors in their restructuring
efforts.  Milbank, Tweed, Hadley & McCloy LLP, represented the
Official Committee of Unsecured Creditors.  Refco reported
US$16.5 billion in assets and US$16.8 billion in debts to the
Bankruptcy Court on the first day of its Chapter 11 cases.

The Court confirmed the Modified Joint Chapter 11 Plan of
Refco Inc. and certain of its Direct and Indirect Subsidiaries,
including Refco Capital Markets, Ltd., and Refco F/X Associates,
LLC, on December 15, 2006.  That Plan became effective on Dec. 26,
2006.  Pursuant to the plan, RJM, LLC, was named plan
administrator to reorganized Refco, Inc. and its affiliates, and
Marc S. Kirschner as plan administrator to Refco Capital Markets,
Ltd.


REFCO PUBLIC: Court Disallows IRS' Penalty Claim
------------------------------------------------
Judge Brendan Linehan Shannon of the United States Bankruptcy Court
for the District of Delaware sustained the objection of MAA, LLC,
the plan administrator for the confirmed plan of Refco Public
Commodity Pool, L.P., to the amended proof of claim filed by the
Internal Revenue Service.

MAA asked the court to disallow the amended proof of claim filed by
the IRS and determine that the debtor owes no tax or penalty under
applicable tax law and Bankruptcy Code sections 505(a) and
502(b)(1).  It was undisputed that the debtor failed to file its
tax returns for the years 2006 to 2008; and that for such failure,
the debtor incurred penalties totaling $3,662,000.

Judge Shannon held that the penalties should be waived under
Internal Revenue Code sections 6724(a) and 6698(a)(1) because the
debtor's failure to file was due to reasonable cause and not
willfuld neglect.  Thus, the judge concluded that the penalties
should be excused and disallowed the claim

The case is In re: Refco Public Commodity Pool, L.P., Debtor, Case
No. 14-11216(BLS)(Bankr. D. Del.).

A full-text copy of Judge Shannon's August 2, 2016 opinion is
available at http://bankrupt.com/misc/deb14-11216-490.pdf

                   About Refco Public Commodity

Refco Public Commodity Pool, L.P., also known as S&P Managed
Futures Index Fund, L.P., is a fund that was formed in May 2003 to
make investments that substantially track the performance of the
Standard & Poor's Managed Futures Index.  It did this by investing
substantially all of its assets in SPhinX Managed Futures Fund,
SPC, a Cayman Islands domiciled segregated portfolio company.
RefcoFund Holdings, LLC was the general partner of the Fund.

Refco Public filed a Chapter 11 bankruptcy petition (Bankr. D.
Del. Case No. 14-11216) in Wilmington, Delaware, on May 13, 2014.
Daniel F. Dooley signed the petition as managing member of MAA,
LLC.  The Debtor estimated assets of $17 million and debt of $0.

The case is assigned to Judge Brendan Linehan Shannon.  Attorneys
for the Debtor are Russell C. Silberglied, Esq., Paul N. Heath,
Esq., and Amanda R. Steele, Esq., at Richards, Layton, & Finger,
PA of Wilmington, Delaware and Dennis J. Connolly, Esq., William
S. Sudgen, Esq., and Suzanne N. Boyd, Esq., at Alston & Bird, LLP
of Atlanta, Georgia.

Morris Anderson & Associates, Ltd., is the Debtor's financial
advisor, and Maples & Calder serves as the Debtor's Cayman Islands
counsel.


ROBERT HIGHSMITH: Hearing on Plan Outline Continued to Sept. 15
---------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Arizona will continue
the hearing on the disclosure statement filed by Robert and Lynn
Highsmith on September 15.

The hearing will take place at the U.S. Bankruptcy Court, Courtroom
No. 602, 6th Floor, 230 North First Avenue, Phoenix, Arizona.
Objections must be filed five business days prior to the hearing.

The Debtors on July 15 filed the latest version of its Chapter 11
plan of reorganization, which proposes to set aside $82,736 to pay
general unsecured claims to be divided among the creditors on a pro
rata basis.

A copy of the disclosure statement detailing the plan is available
for free at:
http://bankrupt.com/misc/RobertHighsmith_AmendedDS07152016.pdf

                About Robert and Lynn Highsmith

Robert Highsmith and Lynn B. Highsmith sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. D. Ariz. Case No.
12-05374) on March 16, 2012.  The Debtor is represented by Allan D.
NewDelman, Esq., at Allan D. NewDelman, P.C.


RSF 17872: 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 RSF 17872 Via De Fortuna LLC.

RSF 17872 Via De Fortuna LLC sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. S.D. Calif. Case No. 16-04436) on July
22, 2016.  The petition was signed by Black Rock Thoroughbreds,
LLLP, manager.  

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


SABINE OIL: Court Confirms Ch. 11 Reorganization Plan
-----------------------------------------------------
Judge Shelley C. Chapman of the U.S. Bankruptcy Court for the
Southern District of New York on July 27, 2016, issued a findings
of fact, conclusions of law, and order confirming Sabine Oil & Gas
Corporation, et al.'s Second Amended Joint Chapter 11 Plan of
Reorganization after determining that the Plan complies with the
confirmation requirements under the Bankruptcy Code.

Objections that have not been resolved, withdrawn, waived or
settled prior to the entry of the Confirmation Order are overruled
on the merits based on the record before the Court.

As previously reported by The Troubled Company Reporter, citing
Daily Bankruptcy Review, Sabine Oil commenced a week-long trial on
a $3 billion restructuring plan that has sparked stiff resistance
from its creditors and eluded compromise for nearly a year.

According to the report, lawyers for Sabine gathered at the U.S.
Bankruptcy Court in Manhattan to ask Judge Shelley Chapman to
overrule creditors who have objected to the plan, which would bring
the contentious chapter 11 case to a close.

"We don't have any happy creditors in this case," the report cited
Jon Henes, a lawyer for Sabine, as telling the judge June 13.
"That's what happens when an industry goes into turmoil."

The report related that Sabine's restructuring plan calls for
top-ranking lenders to walk away with about 93% of the reorganized
business.  If approved, the restructuring proposal would wipe out
more than $2.5 billion in debt, the report added.

Unsecured creditors, who say they are owed as much as $1.4
billion,
are slated to recover less than two cents on the dollar, sparking
numerous objections and appeals, the report further related.  The
creditors, who have pushed for a sale of the business, dispute the
valuation of Sabine's assets and which of those assets count as
senior lenders' collateral, the report pointed out.

Sabine and its creditors have each agreed to limit themselves to
24
hours of arguments and testimony spread out over at least seven
days, the report said.  Sabine Chief Executive David Sambrooks was
the first witness to take the stand on June 13, the report added.

A full-text copy of Judge Chapman's Confirmation Order is available
at http://bankrupt.com/misc/nysb15-11835-1359.pdf

               About Sabine Oil & Gas Corporation

Sabine Oil & Gas Corp. is an independent energy company engaged in
the acquisition, production, exploration, and development of
onshore oil and natural gas properties in the U.S.  The Company's
current operations are principally located in the Cotton Valley
Sand and Haynesville Shale in East Texas, the Eagle Ford Shale in
South Texas, the Granite Wash in the Texas Panhandle, and the
North
Louisiana Haynesville.  The Company operates, or has joint working
interests in, approximately 2,100 oil and gas production sites
(approximately 1,800 operating and approximately 315
non-operating)
and has approximately 165 full-time employees.

Sabine Oil and its affiliated entities sought Chapter 11
protection
(Bankr. S.D.N.Y. Lead Case No. 15-11835) in Manhattan on July 15,
2015.

The Debtors have engaged Kirkland & Ellis LLP and Kirkland & Ellis
International LLP, as counsel; Lazard Freres & Co. LLC, as
investment banker and Prime Clerk LLC as notice, claims and
balloting agent.  The Debtors also tapped Zolfo Cooper Management,
LLC, to provide Jonathan A. Mitchell as CRO and other additional
personnel.

The U.S. Trustee for Region 2 appointed five creditors to serve on
the official committee of unsecured creditors.  The Committee is
represented by Mark R. Somerstein, Esq., Keith H. Wofford, Esq.,
and D. Ross Martin, Esq., at Ropes & Gray LLP as their counsel.
The Committee has also engaged Blackstone Advisory Partners L.P.
as
investment banker; and Berkeley Research Group, LLC as financial
advisor.


SBA COMMUNICATIONS: Moody's Retains B1 Corporate Family Rating
--------------------------------------------------------------
Moody's Investors Service said SBA Communications Corporation's B1
Corporate Family Rating, existing debt instrument ratings and
stable outlook are not impacted by the company's plan to increase
the size of the new 4.875% senior notes maturing September 2024 to
$1.1 billion from $800 million.

The principal methodology used in this rating was Global
Communications Infrastructure Rating Methodology published in June
2011.

Headquartered in Boca Raton, Florida, SBA Communications
Corporation, through its wholly-owned operating subsidiaries, is
the third largest independent operator of wireless tower assets in
the US.


SCIENCE APPLICATIONS: Moody's Affirms Ba3 Corporate Family Rating
-----------------------------------------------------------------
Moody's Investors Service has changed the rating outlook of Science
Applications International Corp. (SAIC) to positive from stable and
affirmed the Ba3 Corporate Family Rating. Concurrently, a Ba2
rating has been assigned to the pending first lien credit agreement
amendment/extension.

RATINGS RATIONALE

The rating outlook change to positive considers progress made since
the company was spun-off from its former owner three years ago, and
debt reduction/credit metric gains since the Scitor acquisition of
May 2015. A supportive 1x book to bill ratio and an improving US
defense budgetary environment also benefit the rating outlook. With
the Scitor acquisition integrated, SAIC's presence within the
intelligence community --which ended with the spin-off -- has been
re-established and revenue diversity by agency has broadened.

In Moody's view, M&A activity remains an ongoing element of SAIC's
growth strategy, but the company's tolerance for financial risk has
become clearer and the probability of a highly leveraging
acquisition has lessened.

The Ba3 CFR reflects SAIC's well-known brand, steady backlog and
contract performance track record within the US Department of
Defense and intelligence community. Credit metrics are expected to
be strong for the rating level with debt/EBITDA likely to remain in
the low 3x range with funds from operation to debt above 20% near
term.

The Speculative Grade Liquidity rating of SGL-2, denoting a good
liquidity profile, has been affirmed. The pending credit agreement
revision would extend the revolver maturity to 2021 and eliminate
the near-term schedule term loan amortization. Expected good
covenant headroom and a cash balance maintained at $150 million
also support the SGL-2.

Upward rating momentum would depend on achievement of organic
revenue growth in coming quarters as defense outlays begin to
gradually rise after several years of decline, an improving book to
bill ratio and continued good liquidity. An expectation that a
leveraged acquisition would not push debt/EBITDA above 4x or funds
from operation to debt below 15% would likely accompany a rating
upgrade.

Downward rating pressure would follow debt/EBITDA above 5x,
significant contract loss, impairment charges, or a diminished
liquidity profile.

-- Issuer: Science Applications International Corp

Affirmations:

--  Corporate Family Rating, Affirmed Ba3

--  Probability of Default Rating, Affirmed Ba3-PD

--  Speculative Grade Liquidity Rating, Affirmed SGL-2

-- Senior Secured Bank Credit Facility, Affirmed Ba2 (LGD3)

Assignments:

-- Senior Secured Bank Credit Facility, Assigned Ba2 (LGD3)

Outlook Actions:

-- Outlook, Changed To Positive From Stable

Science Applications International Corporation ("SAIC") is a
provider of technical, engineering and enterprise information
technology services primarily to the U.S. government, including the
Department of Defense and federal civilian agencies. The company
was spun-off from Leidos Holdings, Inc. on September 27, 2013.
Revenues for the 12 months ended May 6, 2016 were $4.5 billion.


SEA LAUNCH: Boeing Seeks Stay Relief to Pursue $200M Claim
----------------------------------------------------------
Y. Peter Kang, writing for Bankruptcy Law360, reported that Boeing
Co. urged a California federal judge to lift a stay to allow the
Company to pursue a $200 million judgment against Ukrainian rocket
and satellite maker Yuzhnoye over a failed joint venture, saying
Yuzhnoye isn't a party to ongoing settlement negotiations.  Boeing
Co. asked U.S. District Judge Andre Birotte Jr. to lift a July 22
order granting an emergency motion to stay the case, saying the
purpose of its stay request was to hammer out a settlement with
co-defendant RSC Energia, a Russian company.

In a February 2013 report by Edvard Pettersson, writing for
Bloomberg News, Boeing sued Yuzhnoye SDO and Russia's S.P. Korolev
Rocket and Space Corp. Energia, alleging they owe $350 million in
reimbursements for Boeing's investments in their failed Sea Launch
Co. joint venture.  The complaint alleges that the two companies
breached a contractual commitment to pay, if Sea Launch failed,
their fair share of the funding Boeing Commercial Space Co.
provided to create and operate the venture they set up in 1995 to
launch commercial satellites from an ocean-based platform.

Bloomberg noted in the 2013 report that Sea Launch filed for
Chapter 11 reorganization in June 2009 to stop attempts by Hughes
Network Systems LLC to collect a $52 million arbitration award made
in connection with a canceled contract following a failed launching
in 2007.  In 2010, Energia Overseas Ltd, a unit of Moscow-based
Energia, acquired a 95% stake in the reorganized company, Sea
Launch AG, which is now based in Bern, Switzerland. Boeing and
Norway's Aker ASA own the remaining 5%, according to the Sea Launch
website, the 2013 report said.

In a September 2015 report, SpaceNews.com's Peter B. de Selding
said the California District court ruled in favor of Boeing and
against its Russian and Ukrainian partners, holding that those
partners breached their contract obligations by not reimbursing
Boeing their share of Sea Launch expenses.

In April 2016, SpaceNews.com's Jeff Foust reported that Boeing
filed a motion for a preliminary injunction, asking the District
Court to block an impending sale of Sea Launch by the Russian
government.  Boeing argued that a sale of Sea Launch could hinder
its ability to collect on a summary judgment issued last year
against Energia.  Boeing, the report said, filed the motion after
recent reports that Roscosmos, the Russian state space corporation
that holds a controlling stake in Energia, has sold Sea Launch to
an unnamed investor.

The April report noted that the District court issued a summary
judgment in September of last year in favor of Boeing. Energia owes
Boeing at least $298 million, according to the filing, but has not
paid any of that amount to date. A trial involving two of Energia's
subsidiaries is complete and a judgment is pending.

A report by Natalie Olivo of Bankruptcy Law360 in June 2016, said
Energia slammed Boeing's contention that it and other former
partners in the failed joint venture are trying avoid paying more
than $515 million they owe Boeing for breach of contract.  Energia,
the Law360 report said, asked Judge Birotte to deny Boeing's
request for carte blanche to pursue around the world the Russian
aerospace giant and its co-defendants, Ukrainian state-owned KB
Yuzhnoye and PO Yuzhnoye Mashinostroitelny Zavod and Russia-based
SP Korolev Rocket and Space Corp, after Boeing won summary
judgment.  The Law360 report added that Boeing told Judge Birotte
in May that the companies have moved assets out of California and
the remaining assets don't come close to the $515 million the
defendants owe.  However, Energia -- which also contested
Boeing’s $9.7 million attorneys' fee bid -- said in June filing
that Boeing has made a "baseless assertion."

Boeing is represented by:

          Xanath McKeever, Esq.
          Michael B. Slade, Esq.
          Sasha K. Danna, Esq.
          Alec Solotorovsky, Esq.
          Michael E. Baumann, Esq.
          Kirkland & Ellis LLP
          333 South Hope Street
          Los Angeles, CA 90071
          TelL: 213-680-8400
          Fax: 213-680-8500
          E-mail: xanath.mckeever@kirkland.com
                  michael.slade@kirkland.com
                  sasha.danna@kirkland.com
                  alec.solotorovsky@kirkland.com
                  michael.baumann@kirkland.com

Energia is represented by:

          Rita M. Haeusler, Esq.
          Gaurav Reddy, Esq.
          John M. Townsend, Esq.
          Hughes Hubbard & Reed LLP
          350 S Grand Ave #3600
          Los Angeles, CA 90071
          E-mail: rita.haeusler@hugheshubbard.com
                  gaurav.reddy@hugheshubbard.com
                  john.townsend@hugheshubbard.com

Yuzhnoye et al. are represented by:

          Steven A. Velkei, Esq.
          Dentons US LLP
          601 S. Figueroa Street, Suite 2500
          Los Angeles, CA 90017-5704
          Tel: 213 623 9300
          Fax: 213 623 9924
          E-mail: Steven.Velkei@Dentons.com

The case is The Boeing Co. et al. v. KB Yuzhnoye et al., Case No.
13-00730 (C.D. Cal.).

                    About Sea Launch

Sea Launch Company, L.L.C., is a satellite-launch services
provider
that offers commercial space launch capabilities from the Baikonur
Space Center in Kazakhstan.  Its owners include Boeing Co., RSC
Energia, and Aker ASA.

Sea Launch filed for Chapter 11 protection (Bankr. D. Del. Case
No.
09-12153) on June 22, 2009.  Joel A. Waite, Esq., and Kenneth J.
Enos, Esq., at Young, Conaway, Stargatt & Taylor LLP, in
Wilmington, Delaware, served as the Debtor's counsel.  At the time
of the filing, the Company said its assets range from  $100
million
to $500 million and debts are at least $1 billion.

Sea Launch Company completed its Chapter 11 reorganization
process,
effective Oct. 27, 2010.  As part of the court-approved Plan of
Reorganization, Energia Overseas Limited (EOL), a Russian
corporation, will have acquired a majority ownership of the
reorganized Sea Launch entity.

The Plan of Reorganization was approved by Judge Brendan Shannon,
in the U.S. Bankruptcy Court in Wilmington, Delaware, on July 27,
2010.  The successor entity, Sea Launch S.a.r.l., would be
responsible for corporate functions at its operations headquarters
and will maintain some assets at Sea Launch Home Port, in the Port
of Long Beach, in Southern California.


SEAPORT AIRLINES: Court to Take Up Plan Outline on Sept. 20
-----------------------------------------------------------
The U.S. Bankruptcy Court for the District of Oregon is set to hold
a hearing on September 20, at 1:30 p.m., to consider the disclosure
statement detailing the Chapter 11 plan of SeaPort Airlines, Inc.

The hearing will take place at the U.S. Bankruptcy Court, Courtroom
3, 7th Floor, 1001 S.W. 5th Avenue, Portland, Oregon.  Objections
must be filed no less than seven days before the hearing.

                     About SeaPort Airlines

Portland, Oregon-based SeaPort Airlines, Inc. -- fdba Wings of
Alaska and fka Alaska Juneau Aeronautics, Inc. -- filed for Chapter
11 bankruptcy protection (Bankr. D. Ore. Case No. 16-30406) on Feb.
5, 2016.  The Hon. Randall L. Dunn presides over the case.  Douglas
R Ricks, Esq., and Robert J Vanden Bos, Esq., at Vanden Bos &
Chapman, LLP, serve as the Debtor's counsel.  In its petition,
SeaPort estimated $1 million to $10 million in both assets and
liabilities.  The petition was signed by Timothy F. Sieber,
SeaPort's president.  A list of its 20 largest unsecured creditors
is available for free at http://bankrupt.com/misc/orb16-30406.pdf


SEMLER SCIENTIFIC: Reports $966,000 Net Loss for Second Quarter
---------------------------------------------------------------
Semler Scientific, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $966,000 on $1.63 million of revenue for the three months ended
June 30, 2016, compared to a net loss of $1.34 million on $1.30
million of revenue for the same period in 2015.

For the six months ended June 30, 2016, the Company reported a net
loss of $1.97 million on $3.13 million of revenue compared to a net
loss of $2.71 million on $2.50 million of revenue for the six
months ended June 30, 2015.

As of June 30, 2015, the Company had $3.06 million in total assets,
$5.59 million in total liabilities and a $2.53 million total
stockholders' deficit.

The Company had cash of $1.022 million at June 30, 2016, compared
to $405,000 at Dec. 31, 2015, and total current liabilities of
$3.28 million at June 30, 2016, compared to $4.108 million at Dec.
31, 2015.  As of June 30, 2016, the Company had negative working
capital of approximately $1.53 million.

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

                     https://is.gd/UB2UTP
  
                     About Semler Scientific

Semler Scientific, Inc. provides diagnostic and testing services to
healthcare insurers and physician groups.  The Portland,
Oregon-based Company develops, manufactures and markets innovative
proprietary products and services that assist healthcare providers
in evaluating and treating chronic diseases.

Semler Scientific reported a net loss attributable to common
stockholders of $8.50 million on $7 million of total revenue for
the year ended Dec. 31, 2015, compared to a net loss attributable
to common stockholders of $4.51 million on $3.63 million of total
revenue for the year ended Dec. 31, 2014.

BDO USA, LLP, in New York, New York, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2015, citing that the Company has negative working
capital, a deficit in stockholders' equity, recurring losses from
operations and expects continuing future losses that raise
substantial doubt about its ability to continue as a going concern.


SOUTHERN INYO: U.S. Trustee Forms 2-Member Committee
----------------------------------------------------
The U.S. trustee for Region 17 on August 3 appointed two creditors
to serve on the official committee of unsecured creditors in the
Chapter 9 case of Southern Inyo Healthcare District.

The committee members are:

     (1) LeRoy Kritz
         Box 784
         Lone Pine, CA 93545

     (2) Onestaff Medical, LLC
         Representative: Todd Livingston
         11819 Miracle Hills Drive, Suite 101
         Omaha, NE 68154

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 Southern Inyo Healthcare District

Southern Inyo Healthcare District sought protection under Chapter 9
of the Bankruptcy Code (Bankr. E. D. Calif. Case No. 16-10015) on
January 4, 2016.  The petition was signed by Alan Germany, chief
restructuring officer.  

At the time of the filing, Southern Inyo Healthcare District
estimated its assets and debts at $1 million to $10 million.


SOUTHERN SEASON ACQUISITION: Court Official to Form Committee
-------------------------------------------------------------
William Miller, U. S. bankruptcy administrator, filed with the U.S.
Bankruptcy Court for the Middle District of North Carolina a notice
of opportunity to serve on the official committee of unsecured
creditors in the Chapter 11 case of Southern Season Acquisition
Corp.

Unsecured creditors willing to serve on the committee are required
to file a response within 10 days from August 1.  

An organizational meeting will be scheduled after the committee is
appointed, according to the filing.

Mr. Miller can be reached through:

     Susan O. Gattis
     Bankruptcy Analyst
     101 S. Edgeworth Street
     Greensboro, NC 27401
     Fax: 336-358-4185
     Email: susan_gattis@ncmba.uscourts.gov

               About Southern Season Acquisition

Southern Season Acquisition Corp. sought protection under Chapter
11 of the Bankruptcy Code (Bankr. M.D. N.C. Case No. 16-80559) on
June 24, 2016.  The petition was signed by Brian J. Fauver,
president.  

The case is assigned to Judge Benjamin A. Kahn.

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


SPORTS AUTHORITY: Denver Broncos to Assume Naming Rights Deal
-------------------------------------------------------------
Sports Authority Holdings, Inc., and its affiliated debtors ask the
U.S. Bankruptcy Court for authority to:

     -- assume an Agreement for Naming Rights, dated as of June 15,
2001, by and between INVESCO Funds Group, Inc., and Metropolitan
Football Stadium District, which was assumed by Debtor TSA Stores,
Inc. pursuant to an Assignment, Assumption and Consent Agreement,
dated as of August 19, 2011, and

     -- assign the Naming Rights Agreement to Stadium Management
Company, LLC, a Colorado limited liability company, and PDB Sports,
LTD, a Colorado Limited Partnership doing business as the Denver
Broncos Football Club.

Pursuant to the Naming Rights Contract, TSA received naming rights,
beginning Aug. 19, 2011, for the stadium located at 1701 Bryant
Street in the City and County of Denver, which is the home venue
for the NFL football team known as the Denver Broncos, and for
other sports and entertainment events.

TSA and the Broncos are parties a Sponsorship Agreement dated as of
Aug. 1, 2011.  In consideration for the exclusive sponsorship
rights, TSA agreed to pay an annual sponsorship fee in quarterly
installments.

The Debtors sought authority to reject the Sponsorship Agreement,
among other executory contracts, effective as of June 3, 2016.  On
June 22, the Court entered an order granting the Rejection Motion.
Among other things, the Rejection Order authorized the Debtors to
reject the Sponsorship Agreement effective as of June 3, 2016.

On June 21, 2016, the Broncos filed a Motion seeking allowance and
immediate payment of an administrative expense claim in the amount
of $1,081,744.  The hearing on the Administrative Claim Motion is
scheduled for Aug. 31, 2016.

On July 12, 2016, the Debtors reached a Settlement Agreement with
Wilmington Savings Fund Society, FSB, as the Term Loan Agent.  The
Debtors requested, among other things, the approval of (i) an
allowed superpriority adequate protection claim for the Term Loan
Lenders in the amount of $71,000,000, (ii) the approval of a
wind-down budget providing for the use of cash collateral to pay
certain administrative expense claims and wind-down the Debtors'
estates, and (iii) a waiver of the Bankruptcy Code Section 506(c)
surcharge in favor of the Term Loan Lenders.

The Broncos objected to the proposed settlement on the grounds that
the wind-down budget did not provide for payment of the Broncos'
alleged administrative expense claim that allegedly arose as a
result of the rejection
of the Sponsorship Agreement.

The Debtors are currently in the process of liquidating their
assets and will not continue operations as a going concern. The
Debtors have sold substantially all of their inventory, furniture,
fixtures and equipment and conducted "going out of business" sales
at the Debtors' remaining locations. The final going out of
business sales concluded on or before July 29, 2016, and the
Debtors vacated their remaining store locations by July 31, 2016.

The Debtors extensively marketed their interests in the Naming
Rights Contract as part of an auction process.  The Debtors,
through their intellectual property marketing agent, Hilco IP
Services, LLC d/b/a Hilco Streambank, reached out to more than 200
potential buyers, 7 of which engaged in diligence using the
Debtors' online data room. Ultimately, however, the Debtors did not
receive a cash bid for the Naming Rights Contract.

However, the Debtors did receive an offer from the Broncos for the
Naming Rights Contract, which the Debtors determined was the
highest and best available bid for the Naming Rights Contract.

The pertinent terms of the Assumption and Assignment Agreement
are:

     -- The Debtors will assume and assign the Naming Rights
Contract to the Broncos, effective as of July 31, 2016;

     -- The Broncos will assume all obligations under the Naming
Rights Contract, including the obligation to make a payment of
$3,601,890 due on August 1, 2016;

     -- The Debtors will pay $50,000 to the Broncos;

     -- The Broncos will indemnify the Debtors for any
administrative expense liability the Debtors' estates incur to the
MFSD under the Naming Rights Contract between July 31, 2016 and
August 31, 2016 if assumption and assignment of the Naming Rights
Contract is not approved by the Court;

     -- The Broncos will release all claims they have against the
Debtors, including, for the avoidance of doubt, any asserted
administrative expense claims; and

     -- The Broncos will withdraw the Settlement Objection and the
Administrative Claim Motion.

"The Debtors extensively marketed the Naming Rights Contract for
sale and did not locate a buyer that was willing to provide cash
consideration.  However, by reaching an agreement with the Broncos
related to the assumption and assignment of the Naming Rights
Contract, the Debtors were able to resolve the Broncos' pending
Administrative Claim Motion and Settlement Objection. In the
Administrative Claim Motion, the Broncos sought allowance and
immediate payment of an alleged administrative expense claim that
exceeds $1 million. Assumption and assignment of the Naming Rights
Contract allows the Debtors to settle that claim for only $50,000
in cash. Given that the Debtors had no other offers for the Naming
Rights Contract, the Debtors submit that this deal is imminently
reasonable," Andrew L. Magaziner, Esq., at Young Conaway Stargatt &
Taylor, said.

                 About Sports Authority Holdings

Sports Authority Holdings, et al., are sporting goods retailers
with roots dating back to 1928.  The Debtors currently operate 464
stores and five distribution centers across 40 U.S. states and
Puerto Rico.  The Debtors offer a broad selection of goods from a
wide array of household and specialty brands, including Adidas,
Asics, Brooks, Columbia, FitBit, Hanesbrands, Icon Health and
Fitness, Nike, The North Face, and Under Armour, in addition to
their own private label brands.  The Debtors employ 13,000 people.

Sports Authority and six of its affiliates filed Chapter 11
bankruptcy petitions (Bankr. D. Del. Case Nos. 16-10527 to
16-10533) on March 2, 2016.  The petitions were signed by Michael
E. Foss as chairman & chief executive officer.

The Debtors have engaged Gibson, Dunn & Crutcher LLP as general
counsel, Young Conaway Stargatt & Taylor, LLP as co-counsel,
Rothschild Inc. as investment banker, FTI Consulting, Inc., as
financial advisor and Kurtzman Carson Consultants LLC as notice,
claims, solicitation, balloting and tabulation agent.

Andrew Vara, Acting U.S. trustee for Region 3, appointed seven
creditors of Sports Authority Holdings Inc. to serve on the
official committee of unsecured creditors.  Lawyers at Pachulski
Stang Ziehl & Jones LLP represent the Official Committee of
Unsecured Creditors.


SPORTS AUTHORITY: Judge Rejects Bonuses for Executives
------------------------------------------------------
Matt Chiappardi, writing for Bankruptcy Law360, reported that U.S.
Bankruptcy Judge Mary F. Walrath gave Sports Authority the nod on
Aug. 2, 2016 for a settlement that resolves both a rent fight with
landlords and unsecured creditors' bid to convert the case to
Chapter 7, but rejected a move to pay the Company's executives up
to $2.8 million in bonuses.

During a hearing in Wilmington, U.S. Bankruptcy Judge Mary F.
Walrath ruled that the plan to award certain Sports Authority
executives bonuses would be an improper transfer of estate property
to insiders.

                 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.


SPORTS AUTHORITY: Mile High Stadium Naming Rights Headed to Broncos
-------------------------------------------------------------------
The American Bankruptcy Institute, citing Alicia Wallace and Tracy
M. Cook of The Denver Post, reported that the naming rights
contract for Mile High Stadium likely will land in the hands of the
Denver Broncos.

According to the report, citing court filings, Sports Authority
plans to sell the last five years of the contract to the home
team.

"Pending court approval, the Denver Broncos have assumed the
Metropolitan Football Stadium District's contract for the naming
rights to Sports Authority Field at Mile High," the report cited
the Broncos as saying in a statement.

The hearing on the motion is scheduled for Aug. 31, the report
said.  The Broncos will continue to hunt for a new stadium
naming-rights partner, though no timeline has been set, the report
related.

The Sports Authority Field at Mile High Stadium name will remain
for now, the report said, citing a statement issued by the team and
the Metropolitan Football Stadium District.

The agreement, stadium district chairman Ray Baker said, "will
allow the district to work closely with the Broncos to secure the
best possible outcome for a new naming-rights partner.  The
district looks forward to working with Broncos over the next weeks
and months to secure the best deal," the report further related.

Broncos president Joe Ellis has said the team and district were
working on new ideas for a new naming rights partner, the the
15-year-old publicly owned stadium likely will require about $300
million in upkeep over the next 30 years, the report added.

                 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.


SPX FLOW: Moody's Affirms Ba3 Corporate Family Rating
-----------------------------------------------------
Moody's Investors Service assigned a B1 to SPX Flow, Inc.'s (FLOW)
new $600 million senior unsecured notes, to be issued in two
traunches due 2024 and due 2026. Moody's also affirmed the
company's Ba3 Corporate Family Rating (CFR) and its Ba3-PD
Probability of Default rating (PDR). The rating outlook remains
negative. Proceeds from the $600 million new senior unsecured notes
issuance will be used to refinance its $600 million of 6 7/8%
unsecured notes due August 2017.

Assignments:

-- Issuer: SPX FLOW, Inc.

-- Senior Unsecured Regular Bond/Debenture (Local Currency) due
    2024, Assigned B1, LGD5

-- Senior Unsecured Regular Bond/Debenture (Local Currency) due
    2026, Assigned B1, LGD5

Outlook Actions:

-- Issuer: SPX FLOW, Inc.

-- Outlook, Remains Negative

Affirmations:

-- Issuer: SPX FLOW, Inc.

--  Corporate Family Rating, Affirmed Ba3

--  Probability of Default Rating, Affirmed Ba3-PD

--  Speculative Grade Liquidity Rating, Affirmed SGL-3

RATINGS RATIONALE

Moody's said, "The affirmation of the Ba3 CFR along with the
continuation of the negative ratings outlook, reflects the ongoing
revenue weakness and the challenges management faces in rightsizing
its cost structure for the current demand environment.
Restructuring programs are often difficult to execute but we
believe that it is more so for FLOW as it has only been a
standalone company from SPX for less than a year and during this
time management has had to address multiple challenges: weak
demand, a strong dollar, and an uncertain outlook in many of its
end markets including oil and gas, dairy, energy, and even food.
The impact of the dollar's appreciation relative to foreign
currencies has been a significant headwind as about 65% of the
company's sales are foreign. The negative outlook considers these
challenges along with our view that organic revenue growth will
likely be lackluster through 2017 and that additional expense
reduction initiatives may be necessary to protect credit quality if
revenues continue to fall.

"The B1 rating on the notes reflect their effective subordination
to the company's secured $450 million revolving credit facility and
its $400 million term loan. Moreover, there is no debt junior to
the company's $600 million in new senior notes to absorb loss in a
default scenario. The Ba3 CFR reflects anticipated leverage for
2017 to be under 4.0x when adjusted for the one-time investments in
productivity improvements and Moody's standard adjustments. The
company's EBITA to interest is anticipated to be above 4x in 2017.
The rating reflect Moody's expectation that the company's cost
saving efforts will improve margins and contribute to deleveraging
in the next 2-3 years. We note that it is currently unclear if
additional cost rationalization efforts will be necessary given the
weak revenue growth that we expect for 2017.

"An upgrade in the near term is not anticipated given Flow's
current weak end markets and our expectation for only
flat-to-modest near-term improvement. However, if organic revenues
were to begin to grow and the company continued deleveraging with
Debt to EBITDA expected to be sustained below 3.5x and Free Cash
Flow to Debt above 15%, there would likely be positive ratings
traction."

The ratings could be downgraded, if credit metrics were anticipated
to deteriorate further as a result of decline in revenues or
margins, particularly if Debt to EBITDA is expected to approximate
or exceed 4.5x or EBITA to Interest was expected to fall below 4.0x
on a sustained basis (all ratios on a Moody's adjusted basis).
Also, a deterioration in liquidity or an inability to improve its
cost structure to offset the contraction in revenues could result
in a ratings downgrade. Moody's notes that the gap between the B1
rating on the senior unsecured notes, that are issued in two
traunches, and the Ba3 CFR could increase to two notches in the
event the company's CFR is downgraded. Longer term, the company's
growth will likely include acquisitions as it seeks to expand its
product offerings and build scale. Although not anticipated over
the intermediate term, meaningful debt-funded acquisitions and/or a
more aggressive financial policy leading credit metrics towards the
down triggers would also pressure the ratings.

SPX Flow is a spin-off from SPX Corporation with 2015 annual
revenues of approximately $2.4 billion. The company's business is
well diversified with operations in three segments: Food and
Beverage 37% of sales, Power and Energy 31% of sales, and
Industrial 32% sales. The North American market comprises 36% of
sales, while the second largest market is Europe at 28% closely
followed by Asian market at 26%. The company's large foreign
exposure results in higher earnings volatility.


STW RESOURCES: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: STW Resources Holding Corp.
           dba STW Pipeline Maintenance & Construction
        5307 E. Mockingbird Lane
        5th Floor, Mockingbird Station
        Dallas, TX 75206

Case No.: 16-33121

Chapter 11 Petition Date: August 2, 2016

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

Judge: Hon. Barbara J. Houser

Debtor's Counsel: Michael S. Mitchell, Esq.
                  DEMARCO MITCHELL, PLLC
                  1255 West 15th Street, Suite 805
                  Plano, TX 75075
                  Tel: (972) 578-1400
                  Fax: (972) 346-6791
                  Email: mike@demarcomitchell.com

Total Assets: $874,495

Total Debts: $17.27 million

The petition was signed by Alan Murphy, chief executive officer.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/txnb16-33121.pdf


SYNCARDIA SYSTEMS: Court Approves DIP Loan, $19M Auction Plan
-------------------------------------------------------------
Matt Chiappardi, writing for Bankruptcy Law360, reported that
Delaware Bankruptcy Judge Mary F. Walrath gave SynCardia Inc. the
nod on Aug. 2, 2016, for both its debtor-in-possession loan and
auction plans, but elongated the sale process by about three weeks
and nixed the stalking horse bidder's guarantee of a nearly $1.2
million expense reimbursement if someone tops its $19 million floor
offer.

During a hearing in Wilmington, Judge Walrath said that the auction
for the artificial heart maker must take place after the 60-day
investigation period for the official committee of unsecured
creditors has run.

Mr. Chiappardi previously reported that SynCardia told the
bankruptcy judge on Aug. 1 that it may pivot to a private sale of
its assets to secured lender Sindex
SSI Lending LLC instead of a public auction, as talks with
unsecured creditors over concerns about the sale process stalled.

The Creditors' Committee has challenged the Debtor's sale proposal
as well as its request to procure DIP financing.  The Committee
has
sought an adjournment of the hearing on the Debtor's requests
beyond August 9.  It also has requested discovery or to conduct
depositions.

The Committee sought additional time that allows for a fair process
and an adequate diligence period to ensure rights of unsecured
creditors are preserved and protected. The Committee also plans to
simultaneously use that time to continue negotiations with the
Debtor and Sindex for a global resolution that maximizes the
value of the estate and allows for the estate to be properly
administered post-sale, the Committee said in Monday's court
filings.

The Committee also noted that there is no urgency to obtain
post-petition financing and an adjournment will allow the Debtor
to
maintain the status quo. Based on the Debtor's cash flow forecast,
the Debtor can operate utilizing its Cash Collateral for the
budgeted period and will have substantial cash as of the closing
date of the sale. It is possible that the Debtor will never have
to
draw down on the DIP Facility to make the payments to estate
professionals at closing.

The Committee noted that, of the $963,000 in proceeds from the DIP
Facility, over $700,000 is being allocated to pay the Debtor's
professional fees.

As reported by the Troubled Company Reporter on July 8, 2016,
SynCardia asked the U.S. Bankruptcy Court for the District of
Delaware to approve bidding procedures relating to the
sale of its business to Sindex SSI Lending, LLC, or to the
successful bidder at the auction.

With the assistance of Canaccord Genuity Inc. and Olshan Frome
Wolosky, LLP and Ankura Consulting Group, LLC (formerly known as
MGBD, LLC), the Debtor extensively marketed its business
prepetition, but was unable to secure an offer from outside of its
capital structure.  The Debtor has, however, received a stalking
horse offer to purchase its business, for a combination of
$150,000 in cash and a partial credit bid of $19,000,000, plus
amounts owing under the debtor in possession financing facility
and the assumption of certain liabilities from Sindex SSI Lending,
LLC.

The Stalking Horse Purchaser is not an insider of the Debtor.

Under the Bidding Procedures, if approved by the Court, the Debtor
intends to solicit higher and better offers than the Staking Horse
Bid.

In addition to considering competing offers for the Assets related
to the Debtor's business, the Bidding Procedures will also permit
the Debtor to consider offers for Assets not being acquired by the
Stalking Horse Purchaser.

Because time is of the essence, the Debtor proposed scheduling a
hearing approving the Bidding Procedures on or prior to July 27,
2016, a submission deadline for qualified bids on or prior to
August 15, 2016 at 5:00 p.m. (Prevailing Eastern Time), an auction
for the sale of the Assets on or prior to Aug. 19, 2016, and a
hearing to approve the sale of the Assets on or before Aug. 22,
2016.

The Debtor may terminate the Stalking Horse APA to consummate an
Alternate Transaction entered into in accordance with the Bidding
Procedures Order, upon paying the Stalking Horse Purchaser a
break-up fee of 3% of the Purchase Price (the "Break-Up Fee").
In addition, if the Stalking Horse APA is terminated under certain
other circumstances, the Stalking Horse Purchaser may be entitled
to the reimbursement of its actual and reasonable expenses,
including attorney's fees, in an amount not to exceed $1,750,000.

Counsel to the Official Committee of Unsecured Creditors:

          SHAW FISHMAN GLANTZ & TOWBIN LLC
          Thomas M. Horan, Esq.
          919 N. Market Street, Suite 600
          Wilmington, DE 19801
          Telephone: (302) 480-9412
          E-mail: thoran@shawfishman.com

               - and -

          ARENT FOX LLP
          Robert M. Hirsh, Esq.
          George P. Angelich, Esq.
          1675 Broadway
          New York, NY 10019
          Tel: (212) 484-3900
          Fax: (212) 484-3990
          Email: robert.hirsh@arentfox.com
                 george.angelich@arentfox.com

Counsel to the Stalking Horse Purchaser:

          Adam G. Landis, Esq.
          Kerri K. Mumford, Esq.
          Landis Rath & Cobb LLP
          919 N. Market Street, Suite 1800
          Wilmington, DE 19801
          E-mail: landis@lrclaw.com
                  mumford@lrclaw.com

The Debtor's investment banker:

          Geoffrey Richards
          Canaccord Genuity Inc.
          350 Madison Avenue
          New York, NY 10017
          E-mail: GRichards@canaccordgenuity.com

                   About SynCardia Systems

SynCardia Systems, Inc., a medical technology company, sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Del.
Case No. 16-11599) on July 1, 2016.  The petition was signed by
Stephen Marotta, chief restructuring officer.
  
At the time of the filing, the Debtor estimated its assets and
liabilities at $10 million to $50 million.

The Debtor filed for bankruptcy protection months after a failed
launch of an initial public offering of its common stock which
resulted in a liquidity shortfall.

SynCardia, a privately-held company with global headquarters and
manufacturing in Tucson, Arizona, is focused on developing,
manufacturing and commercializing the SynCardia temporary Total
Artificial Heart, or TAH-t, an implantable system designed to
assume the full function of a failed human heart in patients
suffering from advanced heart failure.

SynCardia Systems employed Olshan Frome Wolosky LLP and Young
Conaway Stargatt & Taylor, LLP as co-counsel.   Ankura Consulting
Group, LLC provides interim management services, and the firm's
Stephen Marotta acts as chief restructuring officer and B. Lee
Fletcher as assistant restructuring officer.  Canaccord Genuity
Inc. serves as investment banker, and Rust Consulting/Omni
Bankruptcy serves as claims and administrative agent.

The Office of the U.S. Trustee has appointed three creditors of
SynCardia Systems, Inc., to serve on the official committee of
unsecured creditors.


TAYLOR BEAN: Trial in $5.5-Bil. Suit v. Pwc Begins Monday
---------------------------------------------------------
Carolina Bolado, writing for Bankruptcy Law360, reported that a
$5.5 billion trial starting Monday in Miami in which
PricewaterhouseCoopers LLP stands accused of missing a massive
fraud scheme carried out by the now-bankrupt Taylor Bean & Whitaker
Mortgage Corp. could expand how far trustees can hold auditors
responsible when such a scheme collapses, attorneys say.  Taylor
Bean's trustee is seeking $5.5 billion in damages and argues that
PwC was negligent in its audits of the parent company of Colonial
Bank, which was used by Taylor Bean executives to carry out the
multibillion-dollar fraud.

                    About Taylor Bean

Taylor, Bean & Whitaker Mortgage Corp. grew from a small Ocala-
based mortgage broker to become one of the largest mortgage
bankers in the United States.  In 2009, Taylor Bean was the
country's third largest direct-endorsement lender of FHA-insured
loans of the largest wholesale mortgage lenders and issuer of
mortgage backed securities.  It also managed a combined mortgage
servicing portfolio of approximately $80 billion.  The company
employed more than 2,000 people in offices located throughout the
United States.

Taylor Bean sought Chapter 11 protection (Bankr. M.D. Fla. Case
No. 09-07047) on Aug. 24, 2009.  Taylor Bean filed the Chapter 11
petition three weeks after federal investigators searched its
offices.  The day following the search, the Federal Housing
Administration, Ginnie Mae and Freddie Mac prohibited the company
from issuing new mortgages and terminated servicing rights.
Taylor Bean estimated more than $1 billion in both assets and
liabilities in its bankruptcy petition.

Lee Farkas, the former chairman, was sentenced in June to 30 years
in federal prison after being convicted on 14 counts of conspiracy
and bank, wire and securities fraud in what prosecutors said was a
$3 billion scheme involving fake mortgage assets.

Jeffrey W. Kelly, Esq., and J. David Dantzler, Jr., Esq., at
Troutman Sanders LLP, in Atlanta, Ga., and Russel M. Blain, Esq.,
and Edward J. Peterson, III, Esq., at Stichter, Riedel, Blain &
Prosser, PA, in Tampa, Fla., represent the Debtors.  Paul Steven
Singerman, Esq., and Arthur J. Spector, Esq., at Berger Singerman
PA, in Miami, Fla., represent the Committee.  BMC Group, Inc.,
serves as the claims and noticing agent.

Unsecured creditors were expected to receive 3.3% to 4.4% under a
Chapter 11 plan approved in July 2011.


TENET HEALTHCARE: Moody's Retains B2 CFR on Settlement Agreement
----------------------------------------------------------------
Moody's Investors Service commented that Tenet Healthcare
Corporation's announcement that it believes it has reached an
agreement in principal with the U.S. government to resolve the
Clinica de la Mama criminal investigation and civil litigation for
$514 million is credit negative.  Payment of the settlement amount
will result in the use of available cash and revolver, thereby
weakening the company's liquidity position and increasing leverage.
However, there is no change to the existing ratings, including
Tenet's B2 Corporate Family Rating and B2-PD Probability of Default
Rating.  The stable rating outlook is also unchanged.

Tenet, headquartered in Dallas, Texas, is a healthcare services
company.  The company's subsidiaries operate 79 hospitals, 20
short-stay surgical hospitals and over 465 outpatient centers.  The
company also offers other services, including six health plans and
Conifer Health Solutions, which provides healthcare business
process services.  Tenet recognized $19.6 billion in revenue in the
twelve months ended June 30, 2016.


TLC HEALTH: Can Use Cash Collateral, DIP Facility Until Sept. 26
----------------------------------------------------------------
Judge Carl L. Bucki of the U.S. Bankruptcy Court for the Western
District of New York, approved the Stipulation entered into by TLC
Health Network, secured creditors Brooks Memorial Hospital,
Community Bank, N.A., and UPMC, and the Official Committee of
Unsecured Creditors.

The Debtor was previously authorized to incur postpetition
indebtedness from Brooks Memorial Hospital pursuant to the Court's
Final DIP Order.  The Debtor was also authorized to use the secured
creditors' cash collateral until May 23, 2016, pursuant to the
Court's Thirteenth Amended Final Cash Collateral Order.

The Debtor, the secured creditors, and the Official Committee of
Unsecured Creditors stipulated and agreed, among others, that:

     (a) The Debtor is authorized to use cash collateral and incur
indebtedness through September 26, 2016, in an aggregate amount
equal to the amounts in the Revised Budget, provided that such use
shall be exclusively in the ordinary course of the Debtor's
business and only for the items set out in the Revised Budget.

     (b) The availability of the Facility shall immediately and
automatically terminate, and the Indebtedness, together with any
then outstanding interest, fees, costs, expenses or other amounts
payable in connection therewith, shall be immediately due and
payable in full upon the earliest to occur of the following:

          (1) Sept. 26, 2016;

          (2) Sale of all or substantially all of the Collateral;

          (3) The failure to comply with the terms of the
Fourteenth Amended Final Order; or

          (4) A post-petition default under the terms of the Loan
Documents.

     (c) The Debtor will make monthly adequate protection payments
to Brooks Memorial Hospital in an amount not less than $25,000,
beginning on June 15, 2016.

     (d) The Debtor will make monthly adequate protection payments
to UPMC in an amount not less than $25,000 beginning on June 15,
2016.

     (e) For each month that payment is made to Brooks Memorial
Hospital and UPMC, the Debtor will simultaneously deposit an amount
equal to 50% of the aggregate payments made to Brooks Memorial
Hospital and UPMC into an escrow account held by the Debtor's
attorneys, to be distributed upon further order of the Court.

     (f) The $1 million in escrow held by the Debtor's counsel in
the Administrative Expense Reserve, is subject to the duly
perfected security interests of the Secured Creditors pending
further consensual agreement of the parties, Court Order
authorizing the Debtor to use the funds in the Administrative
Expense Reserve, or a final Court Order determining the security
interests of the secured creditors in the Debtor's property are
invalid.

     (g) The Debtor is authorized to withdraw up to $375,000, or
such other amount as may be agreed to by the Debtor, the Secured
Creditors and the Official Committee of Unsecured Creditors, from
the Administrative Expense Reserve to be used in support of the
Debtor's operations.

The approved Operating Budget covers the period beginning with the
week beginning on May 16, 2016 and ends with the week beginning
March 27, 2017.  The Budget provides for total payroll in the
amount of $4,628,046.19; total federal payroll taxes in the amount
of $1,756,740.19; and total state payroll taxes in the amount of
$294,048.

A further hearing on the Motion is scheduled on September 26, 2016
at 1:00 p.m.

A full-text copy of the Order, dated August 1, 2016, is available
at https://is.gd/L5TG2i

                    About TLC Health Network

TLC Health Network filed a Chapter 11 petition (Bankr. W.D.N.Y.
Case No. 13-13294) on Dec. 16, 2013.  The petition was signed by
Timothy Cooper as Chairman of the Board.  The Debtor estimated
assets of at least $10 million and debt of at least $1 million.
Jeffrey A. Dove, Esq., at Menter, Rudin & Trivelpiece, P.C., serves
as the Debtor's counsel.  Damon & Morey LLP is the Debtor's special
health care law and corporate counsel.  The Bonadio Group is the
Debtor's accountants.  Howard P. Schultz & Associates, LLC is the
Debtor's appraiser.

The case is assigned to the Hon. Carl L. Bucki.

A three-member panel composed of Cannon Design, Chautauqua
Opportunities, Inc., and Jamestown Rehab Services has been
appointed as the official unsecured creditors committee.  Bond,
Schoeneck & King, PLLC is the counsel to the Committee.  The
Committee has tapped NextPoint LLC as financial advisor.


TOTAL COMM SYSTEMS: Voluntary Chapter 11 Case Summary
-----------------------------------------------------
Debtor: Total Comm Systems, Inc.
        2480 Durham Road, Unit A
        Bristol, PA 19007

Case No.: 16-15530

Chapter 11 Petition Date: August 3, 2016

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

Judge: Hon. Eric L. Frank

Debtor's Counsel: Thomas Daniel Bielli, Esq.
                  BIELLI & KLAUDER, LLC
                  1500 Walnut Street, Suite 900
                  Philadelphia, PA 19102
                  Tel: 215-642-8271
                  Fax: 215-754-4177
                  E-mail: tbielli@bk-legal.com

                    - and -

                  David M. Klauder, Esq.
                  BIELLI & KLAUDER, LLC
                  1204 N. King Street
                  Wilmington, DE 19801
                  Tel: 302-803-4600
                  E-mail: dklauder@bk-legal.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Michael H. Pollitt, president.

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


TREND COMPANIES: Seeks Sept. 30 Extension of Plan Filing Date
-------------------------------------------------------------
The Trend Companies of Kentucky, Inc., in an amended motion, asked
the U.S. Bankruptcy Court to extend its exclusive periods for
filing and for soliciting acceptances to a plan of reorganization
until September 30, 2016 and October 31, 2016, respectively.

The Debtor has previously asked the Court to extend its exclusive
periods for filing and for soliciting acceptances to a plan of
reorganization until Sept. 1 and Oct. 3, 2016, respectively.  The
Debtor tells the that it needs additional time to put together
projections that will support its plan.

Counsel for The Trend Companies of Kentucky, Inc.:

      Neil C. Bordy, Esq.
      SEILLER WATERMAN LLC
      Meidinger Tower - 22nd Floor
      462 S. Fourth Street
      Louisville, KY 40202
      Telephone: (502) 584-7400
      Facsimile: (502) 583-2100
      Email: bordy@derbycitylaw.com

            About Trend Companies

The Trend Companies of Kentucky, Inc., filed a Chapter 11 petition
(Bankr. W.D. Ky. Case No.16-30258), on Feb. 3, 2016. The case is
assigned to Hon. Alan C. Stout. The petition was signed by Joseph
Dumstorf, president.

The Debtor's counsel is Neil Charles Bordy, Esq., at Seiller
Waterman LLC, in Louisville, Kentucky.  At the time of filing, the
Debtor had $500,000 to $1 million in estimated assets and $1
million to $10 million in estimated liabilities.


TRINITY RIVER: Cash Collateral Use Extended to August 10
--------------------------------------------------------
Judge Tony M. Davis of the U.S. Bankruptcy Court for the Western
District of Texas authorized Trinity River Resources, LP, to use
cash collateral on an interim basis, until Aug. 10, 2016, pursuant
to the stipulation executed by the Debtor and GE Capital EFS
Financing, Inc.

The Debtor and GE Capital agreed to extend the Debtor's use of cash
collateral, which had expired on July 25, 2016.  

The approved Budget which covers the weeks ending Aug. 5, 2016 and
Aug. 12, 2016, provides for total disbursements in the amount of
$389.

A hearing on the Debtor's use of cash collateral is scheduled on
Aug. 10, 2016 at 1:30 p.m.
  
A full-text copy of the Stipulated Order, dated August 1, 2016, is
available at https://is.gd/PQ0QQ5

                About Trinity River Resources, LP.

Trinity River filed a Chapter 11 bankruptcy petition (Bankr. W.D.
Tex. Case No. 16-10472) on April 21, 2016.  The petition was signed
by Matthew J. Telfer as manager of Trinity River Resources, GP,
LLC.  The Debtor estimated assets in the range of $50 million to
$100 million and liabilities of up to $500 million.

The Debtor has hired Bracewell LLP as counsel, Bridgepoint
Consulting, LLC, as financial advisor, and Scotiabank as investment
banker.

Judge Tony M. Davis is assigned to the case.


TRUMP ENTERTAINMENT: Taj Mahal to Shut Down After Labor Day Weekend
-------------------------------------------------------------------
Peg Brickley, writing for The Wall Street Journal Pro Bankruptcy,
reported that Atlantic City's Trump Taj Mahal casino will close at
the end of the Labor Day weekend amid labor strife stirred by the
last in a series of bankruptcies for the former gambling empire of
Donald Trump.

According to the report, represented by Unite Here Local 54, some
1,000 Trump Taj Mahal workers went on strike July 1, asking for the
restoration of health-care benefits lost in the company's most
recent bankruptcy.

In a statement, Tony Rodio, president and chief executive of
Tropicana Entertainment Inc., which is also controlled by Mr.
Icahn, blamed striking workers for the demise of the Taj, the
report related.

"Our directors cannot just allow the Taj to continue burning
through tens of millions of dollars when the Union has
single-handedly blocked any path to profitability," Mr. Rodio told
the Journal.

Union chief Bob McDevitt criticized Mr. Icahn in a statement,
likening the billionaire investor to a "playground bully" who would
rather pick up his ball and go home than trying to reach an
agreement with the casino's workers, the report further related.

"The great deal-maker would rather burn the Trump Taj Mahal down
just so he can control the ashes," Mr. McDevitt told the Journal.
"For a few million bucks, he could have had labor peace and a
content workforce, but instead he'd rather slam the door shut on
these long-term workers just to punish them and attempt to break
their strike."

After years of decline and casino closings, the Atlantic City
gambling industry has started to stabilize, the report said.
Earlier this summer, the casino workers' union reached new labor
contracts with four other casinos, three owned by Caesars
Entertainment Corp., as well as Mr. Icahn's Tropicana, but the
union was unable to reach a new deal for the Trump Taj Mahal, the
report added.

                   About Trump Entertainment

Based in Atlantic City, New Jersey, Trump Entertainment Resorts
Inc. (NASDAQ: TRMP) -- http://www.trumpcasinos.com/-- owns and
operates three casino hotel properties in Atlantic City, New
Jersey, which include Trump Taj Mahal Casino Resort, Trump Plaza
Hotel and Casino, and Trump Marina Hotel Casino.  The Company
conducts gaming activities and provides customers with casino
resort and entertainment.

Donald Trump is a shareholder of the Company and, as its non-
executive Chairman, is not involved in the daily operations of the
Company.  The Company is separate and distinct from Mr. Trump's
privately held real estate and other holdings.

Trump Entertainment Resorts, TCI 2 Holdings, LLC, and other
affiliates filed for Chapter 11 protection on Feb. 17, 2009
(Bankr. D. N.J. Lead Case No. 09-13654).  The Company tapped
Charles A. Stanziale, Jr., Esq., at McCarter & English, LLP, as
lead counsel, and Weil Gotshal & Manges as co-counsel.  Ernst &
Young LLP served as the Company's auditor and accountant and
Lazard Freres & Co. LLC was the financial advisor.  Garden City
Group was the claims agent.  The Company disclosed assets of
$2,055,555,000 and debts of $1,737,726,000 as of Dec. 31, 2008.

Trump Hotels & Casino Resorts, Inc., filed for Chapter 11
protection on Nov. 21, 2004 (Bankr. D. N.J. Case No. 04-46898
through 04-46925).  Trump Hotels obtained the Court's confirmation
of its Chapter 11 plan on April 5, 2005, and in May 2005, it
exited from bankruptcy under the name Trump Entertainment Resorts
Inc.

                           *     *     *

The Troubled Company Reporter, on March 19, 2015, reported that
Judge Kevin Gross of the U.S. Bankruptcy Court for the District of
Delaware confirmed Trump Entertainment Resorts, Inc., et al.'s
Third Amended Joint Plan of Reorganization and Disclosure
Statement
pursuant to Section 1129 of the Bankruptcy Code.

The Debtors filed on January 5, 2015, the Plan and accompanying
Disclosure Statement to, among other things, provide that holders
of General Unsecured Claims will receive Distribution Trust
Interests, which will include $1 million in cash and the proceeds,
if any, of certain avoidance actions.  Under the revised plan,
holders of general unsecured claims are estimated to recover 0.47%
to 0.43% of their total allowed claim amount.  The Amended Plan
also includes language reflecting the recently-approved $20
million loan from Carl Icahn.


VERTELLUS SPECIALTIES: Milbank Tweed Represents Ad Hoc Group
------------------------------------------------------------
Milbank, Tweed, Hadley & McCloy LLP filed with the U.S. Bankruptcy
Court for the District of Delaware ha supplemented  the
verified statement pursuant to rule 2019 of the Federal Rules
of Bankruptcy Procedure it filed on June 16, 2016, in connection
with Milbank's representation of an ad hoc group of lenders (i)
under that certain Credit Agreement, dated as of Oct. 31, 2014, by
and among Vertellus Specialties Inc., Vertellus Specialties
Holdings Corp., the subsidiary guarantors, Wilmington Trust (as
successor to Jefferies Finance LLC), as administrative agent and
collateral agent, and the lenders; and (ii) under that certain
Debtor-in Possession Credit Facility dated as of June 2, 2016,
approved by the Court's interim order authorizing Debtors to (A)
obtain post-petition financing and (B) use cash collateral, and
granting adequate protection to prepetition secured parties.

In March 2016, the Ad Hoc Group retained Milbank to represent the
Ad Hoc Group with respect to the Prepetition Term Loan Facility
and, as a result of subsequent Chapter 11 discussions, the DIP
Facility.  In addition, Milbank represents the stalking horse
purchaser in connection with the Debtors' Chapter 11 cases.
Milbank does not represent or purport to represent any other
entities in connection with the Debtors' Chapter 11 cases.

The members of the Ad Hoc Group hold disclosable economic interests
or act as investment managers or advisors to funds and accounts
that hold disclosable economic interests in relation to the
Debtors.  

Subsequent to the filing of the Initial Rule 2019 Statement, the
nature and amount of the disclosable economic interests held by
each member of the Ad Hoc Group has changed, principally as a
result of the assignment of loans under the DIP Facility previously
held by members of the Ad Hoc Group to lenders under the
Prepetition Term Loan Facility that are not members of the Ad Hoc
Group, as part of a syndication process contemplated by the DIP
Facility.

A list of the names, addresses, and the nature and amount of all
disclosable economic interests then held or managed by each member
of the Ad Hoc Group in relation to the Debtors is available at:

  http://bankrupt.com/misc/VERTELLUSSPECIALTIES_274_rule2019.pdf

The counsel for the Ad Hoc Group can be reached at:

     Mark Shinderman, Esq.
     MILBANK, TWEED, HADLEY & McCLOY LLP
     601 S. Figueroa Street, 30th Floor
     Los Angeles, CA 90017
     Tel: (213) 892-4000

          -- and --

     Peter Newman, Esq.
     Dennis C. O'Donnell, Esq.
     MILBANK, TWEED, HADLEY & McCLOY LLP
     28 Liberty Street
     New York, NY 10005
     Tel: (212) 530-5000

                      About Vertellus Specialties

Vertellus Specialties Inc. is a global specialty chemicals company
focused on the manufacture of ingredients used in pharmaceuticals,
personal care, nutrition, agriculture, and a host of other market
areas affected by trends favoring "green" technologies and
chemistries.

Headquartered in Indianapolis, Indiana, Vertellus Specialties Inc.
and several affiliates filed separate Chapter 11 bankruptcy
petitions (Bankr. D. Del. Case Nos. 16-11289 to 16-11299) on May
31, 2016. Judge Christopher S. Sontchi presides over the case.

Stuart M. Brown, Esq., Kaitlin M. Edelman, Esq., Richard A.
Chesley, Esq., Daniel M. Simon, Esq., and David E. Avraham, Esq.,
at DLA Piper LLP (US) serve as the Debtors' bankruptcy counsel.

Jefferies LLC is the Debtors' investment banker. Andrew Hinkelman
at FTI Consulting, Inc., is the Debtors' chief restructuring
officer. Kurtzman Carson Consultants is the Debtors' claims and
noticing agent.

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

The petitions were signed by Anne Frye, vice president, secretary
and general counsel.

The Official Committee of Unsecured Creditors of Vertellus
Specialties Inc., et al., has tapped Hahn & Hessen LLP as lead
counsel; Morris James LLP as co-counsel; and Zolfo Cooper, LLC as
its financial advisor.


VISUALANT INC: Ronald Erickson Reports 11.1% Stake as of July 12
----------------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, Ronald P. Erickson disclosed that as of July 12, 2016,
he beneficially owns 175,087 shares of common stock of Visualant,
Inc., representing 11.1 percent of the shares outstanding.

The shares owned by Mr. Erickson includes 155,086 of issued common
stock and 20,001 of vested stock option grants to purchase common
stock.  The Company also has two demand promissory notes payable to
entities affiliated with Mr. Erickson, totaling $600,000.  Each of
these notes were issued between January and July 2014, provide for
interest of 3% per year and now mature on Sept. 30, 2016.  They
also provide for a second lien on the Company's assets if not
repaid by March 31, 2016, or converted into convertible debentures
or equity on terms acceptable to the Mr. Erickson.  Mr. Erickson
and/or entities with which he is affiliated also have advanced
$668,500 and have unreimbursed expenses and compensation of
approximately $386,500.  The Company owes Mr. Erickson, or entities
with which he is affiliated, $1,681,000 as of June 30, 2016.  Mr.
Erickson may convert portions of these amounts into the Company’s
common stock.

Mr. Erickson has been a director and officer of Visualant since
April 2003.  He was appointed as the Company's CEO and president in
November 2009 and as chairman of the Board in February 2015.
Previously, Mr. Erickson was the Company's president and chief
executive officer from September 2003 through August 2004, and was
Chairman of the Board from August 2004 until May 2011.

A full-text copy of the regulatory filing is available at:

                  https://is.gd/zIgof2

                  About Visualant Inc.

Seattle, Wash.-based Visualant, Inc., was incorporated under the
laws of the State of Nevada on Oct. 8, 1998.  The Company
develops low-cost, high speed, light-based security and quality
control solutions for use in homeland security, anti-
counterfeiting, forgery/fraud prevention, brand protection and
process control applications.

Visualant reported a net loss of $2.63 million on $6.29 million of
revenue for the year ended Sept. 30, 2015, compared to a net loss
of $1.01 million on $7.98 million of revenue for the year ended
Sept. 30, 2014.

As of June 30, 2016, Visualant had $3.05 million in total assets,
$7.22 million in total liabilities, all current, and a total
stockholders' deficit of $4.17 million.

PMB Helin Donovan, LLP, in Seattle, Washington, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Sept. 30, 2015, citing that Company has sustained a
net loss from operations and has an accumulated deficit since
inception.  These factors raise substantial doubt about the
Company's ability to continue as a going concern.


WARREN RESOURCES: Shares Delisted from Nasdaq Effective Aug. 11
---------------------------------------------------------------
The Nasdaq Stock Market, Inc., has determined to remove from
listing the common stock of Warren Resources, Inc., effective at
the opening of the trading session on August 11, 2016.

Based on review of information provided by the Company, Nasdaq
Staff determined that the Company no longer qualified for listing
on the Exchange pursuant to Listing Rules 5250(c)(1) and
5450(a)(1).  The Company was notified of the Staffs determination
on December 22, 2015.  The Company appealed the determination to a
Hearing Panel. Upon review of the information provided by the
Company, the Panel issued a decision dated March 7, 2016, granting
the Company continued listing pursuant to an exception that
included several milestones that the Company was required to meet,
towards the goal of regaining compliance with Listing Rules
5250(c)(1) and 5450(a)(1). However, the Company was unable to meet
the exception milestones as required.

On June 3, 2016, the Panel issued a final delisting determination
and notified the Company that trading in the Company's securities
would be suspended on June 8, 2016.  The Company did not request a
review of the Panel's decision by the Nasdaq Listing and Hearing
Review Council. The Listing Council did not call the matter for
review.  

The Panel's Determination to delist the Company became final on
July 18, 2016.

                  About Warren Resources, Inc.

Warren Resources Inc., is an independent energy company engaged in
the exploration, development and production of domestic onshore
crude oil and natural gas reserves.  It is primarily focused on
the
development of its waterflood oil recovery properties in the
Wilmington field within the Los Angeles Basin of California, its
position in the Marcellus Shale gas in northeastern Pennsylvania
and its coalbed methane, or CBM, natural gas properties located in
Wyoming.

Warren Resources, Inc., Warren E&P, Inc., Warren Resources of
California, Inc., Warren Marcellus LLC, Warren Energy Services,
LLC, and Warren Management Corp. each filed a voluntary petition
under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Tex. Lead
Case
No. 16-32760) on June 2, 2016.  The Debtors listed total assets of
$230 million and total debt of $545 million.

The Debtors have hired Andrews Kurth LLP as counsel, Jefferies LLC
as investment banker, Deloitte Transactions and Business Analytics
LLP as restructuring advisor and Epiq Bankruptcy Solutions, LLC as
claims, balloting and noticing agent.

Judge Marvin Isgur has been assigned the cases.

An official committee of unsecured creditors has not yet been
appointed in these cases by the Office of the United States
Trustee.


WAVEDIVISION HOLDINGS: Moody's Rates Sr. Sec. Facility Ba3
----------------------------------------------------------
Moody's Investors Service has assigned a Ba3 rating to WaveDivision
Holdings, LLC's, a wholly owned subsidiary of Wave Holdco, LLC,
senior secured credit facility.  Wave plans to issue an additional
$125 million of debt under its current senior secured term loan.
The proceeds will be used for general corporate purposes, primarily
to help fund growth capital expenditures in its fiber businesses.
Also, the company has extended the maturity on its $50 million
senior secured revolving credit facility from 2017 to 2019.
Overall, the transaction will increase debt by $125 million and
annual interest expense by about $5 million.  The parent company's
B3 Corporate Family Rating (CFR), B3-PD Probability of Default
Rating, and Caa2 senior unsecured debt rating remain unchanged.

A summary of the action follows:

Assignments:

Issuer: WaveDivision Holdings, LLC
  Senior Secured Bank Credit Facility, Assigned Ba3 (LGD2)

                        RATINGS RATIONALE

Pro forma for the transaction, debt/EBITDA is expected to be 7x
(Moody's adjusted), although Moody's expects leverage to fall to
the mid 6x range by the end of 2016 through high-single to
low-double digit EBITDA growth.  Proceeds from the transaction will
primarily be used to fund capex related to the company's commercial
and residential high-speed data (HSD) services.  Moody's expects
Wave's EBITDA over the next 12-18 months to be insufficient to
cover its annual interest expense and capital expenditures and
forecasts negative free cash flow.

Pro forma leverage of about 7 times (Moody's Adjusted) and
meaningfully negative free cash flow position Wave firmly at the B3
corporate family rating (CFR).  This financial profile poses risk
for a small company in a capital intensive, competitive
environment, but the high EBITDA margin (approx. 45%) and relative
balance and stability of Wave's revenue stream enables the company
to better manage the high leverage.  Moody's expects EBITDA growth
to be the primary driver of leverage reduction, with expectations
for leverage to fall to the mid 6x range by the end of 2016.
Continued leverage improvement and solid liquidity could put upward
pressure on the current ratings.  Wave's fiber rich network
supports the potential for continued cash flow growth from
residential high speed data (HSD) and commercial businesses, as
well as underpinning the company's asset value.

The principal methodology used in this rating was Global Pay
Television - Cable and Direct-to-Home Satellite Operators published
in April 2013.

Wave Holdco, LLC is the holding company which owns 100% of
WaveDivision Holdings, LLC (Wave).  Headquartered in Kirkland,
Washington, and owned by Oak Hill Capital Partners, GI Partners,
and management, Wave provides cable television, high speed data and
telephone services to residential and commercial customers in and
around the Seattle, Sacramento, San Francisco, and Portland
markets.  Its revenue is approximately $392 million for the last
twelve months ended March 31, 2016.


WESTMORELAND RESOURCE: Incurs $14.4 Million Net Loss in Q2
----------------------------------------------------------
Westmoreland Resource Partners, LP, filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net loss of $14.4 million on $80.5 million of total revenues for
the three months ended June 30, 2016, compared to a net loss of
$6.35 million on $95.4 million of total revenues for the three
months ended June 30, 2015.

For the six months ended June 30, 2016, the Company reported a net
loss of $23.3 million on $173 million of total revenues compared to
a net loss of $12.5 million on $203 million of total revenues for
the six months ended June 30, 2015.

As of June 30, 2016, Westmoreland Resource had $398 million in
total assets, $413 million in total liabilities and a $15.2 million
total deficit.

As of June 30, 2016, the Company's available liquidity was $20.6
million, which included $5.6 million in cash and $15.0 million of
availability under our Revolving Credit Facility.

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

                       https://is.gd/2QPWO4

                    About Westmoreland Resource

Oxford Resource Partners, LP, now known as Westmoreland Resource
Partners, LP, is a producer of high value steam coal, and is the
largest producer of surface mined coal in Ohio.


WEXFORD DEVELOPMENT: 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 Wexford Development Corp.

Wexford Development Corporation filed a Chapter 11 bankruptcy
petition (Bankr. E.D.N.Y. Case No. 16-72594) on June 10, 2016.


WILLIAMS COMPANIES: Moody's Lowers CFR & Sr. Notes Rating to Ba2
----------------------------------------------------------------
Moody's Investors Service downgraded The Williams Companies, Inc.'s
Corporate Family Rating to Ba2 from Ba1 and its senior unsecured
notes ratings to Ba2 from Ba1.  The SGL-3 Speculative Grade
Liquidity (SGL) Rating was affirmed and the rating outlook is
negative.  This action concludes the ratings review for downgrade
that was initiated on Sept. 29, 2015.

Additionally, Moody's affirmed Williams Partners, LP's (WPZ) Baa3
senior unsecured ratings and its Prime-3 short-term rating.  The
Baa2 senior unsecured ratings of WPZ's wholly owned pipeline
subsidiaries, Northwest Pipeline (Northwest) and Transcontinental
Gas Pipeline Company (Transco), were also affirmed.  The rating
outlook on WPZ and its rated subsidiaries remains negative.

"The downgrade of Williams was driven by our expectations for
weaker credit metrics at the parent company level, including higher
financial leverage caused by less retention of cash distributions
from WPZ," said Pete Speer, Moody's Senior Vice President.  "The
affirmation of WPZ's Baa3 rating reflects the partnership's
effectively reduced distribution burden and other plans to sustain
its financial leverage and distribution coverage at levels
supportive of its ratings.  However, the challenges posed by weak
commodity prices and customer volume headwinds along with the
execution risk on planned asset sales and growth projects has
resulted in our maintaining the negative outlook."

Downgrades:

Issuer: Williams Companies, Inc. (The)
  Probability of Default Rating, Downgraded to Ba2-PD from Ba1-PD
  Corporate Family Rating, Downgraded to Ba2 from Ba1
  Multiple Seniority Shelf, Downgraded to (P)Ba2 from (P)Ba1
  Senior Unsecured Regular Bond/Debenture, Downgraded to Ba2 (LGD
   4) from Ba1 (LGD 4)

Affirmations:
  Speculative Grade Liquidity Rating, Affirmed SGL-3

Outlook Actions:

Issuer: Williams Companies, Inc. (The)
  Outlook, Changed To Negative From Rating Under Review

Affirmations:

Issuer: Williams Partners L.P.
  Multiple Seniority Shelf, Affirmed (P)Baa3
  Senior Unsecured Commercial Paper, Affirmed P-3
  Senior Unsecured Regular Bond/Debentures, Affirmed Baa3

Outlook Actions:

Issuer: Williams Partners L.P.
  Outlook, Remains Negative

Affirmations:

Issuer: Williams Partners L.P. (Old)
  Senior Unsecured Regular Bond/Debentures, Affirmed Baa3

Affirmations:

Issuer: Northwest Pipeline GP
  Senior Unsecured Regular Bond/Debentures, Affirmed Baa2
  Senior Unsecured Shelf, Affirmed (P)Baa2

Issuer: Northwest Pipeline GP
  Outlook, Remains Negative

Affirmations:

Issuer: Transcontinental Gas Pipeline Company, LLC
  Senior Unsecured Regular Bond/Debentures, Affirmed Baa2
  Senior Unsecured Shelf, Affirmed (P)Baa2

Issuer: Transcontinental Gas Pipeline Company, LLC
  Outlook, Remains Negative

                        RATINGS RATIONALE

Williams' commitment to participate in WPZ's Distribution
Reinvestment Plan (DRIP) effectively allows WPZ to retain more of
its operating cash flow to fund growth capital expenditures,
lessening its reliance on capital markets and improving its ability
to lower its financial leverage by reducing future increases in
debt.  While this supports WPZ's Baa3 rating, it will weaken
Williams' parent company only credit metrics by effectively
reducing its net cash flow available to service its own debts.  The
cut in Williams' dividend will offset the diminished net cash flow
received from WPZ and thereby avoid future increases in debt at
Williams.  But the company's stand-alone financial leverage will
still rise substantially while its interest coverage will
correspondingly weaken, which Moody's expects to persist through at
least 2017.

The weaker expected stand-alone credit metrics at Williams led to
the downgrade of its CFR to Ba2, or two notches below WPZ's Baa3
senior unsecured rating.  The Ba2 CFR incorporates Williams'
control of WPZ and access to much of the cash flows generated by
WPZ's asset base of high quality pipeline and midstream assets
through its ownership of the general partner interest and a
majority of the limited partner interest in WPZ.  The rating also
reflects the structural subordination of Williams' creditors to the
debt at WPZ and the limited amount of unencumbered assets at the
parent company.

WPZ's Baa3 rating is supported by its rising cash flows coming from
organic growth capital projects that are primarily related to its
interstate pipeline, Transco, and supported by contractual
commitments.  The Baa3 rating is also supported by management's
ability further adjust distributions and defer and reduce capital
spending to mitigate its external financing requirements in the
event that earnings fall short of projections.  Measures taken to
date, including the initiation of the DRIP program and ongoing
reduction of operating costs, combined with planned asset sales
provide visibility for continued declines in financial leverage
through 2017, with Debt/EBITDA expected to remain below 5x.  WPZ
owns a large and geographically diversified asset base that is
underpinned by the stability of its regulated interstate pipeline
operations and largely fee based gathering and processing assets.

The senior unsecured ratings of WPZ's wholly owned pipeline
subsidiaries, Transco and Northwest, are Baa2, or one notch above
WPZ's rating, reflecting WPZ's controlling ownership and the
pipelines importance to the partnership's debt service and
distribution capacity.  Both pipelines' ratings reflect the
regulated nature of their operations, their supply diversity and
growth potential.  The pipelines also benefit from low standalone
financial leverage and strong interest coverage.  However, their
ratings have been limited to one notch above WPZ's ratings to
reflect the partnership's dependence on their cash flows to support
its own debt service requirements and distributions.

The negative outlook for WPZ reflects the inherent volume risk in
its gathering and processing assets and the stress faced by
exploration and production companies in this low commodity price
environment.  While a meaningful portion of its G&P business is
supported by long-term contracts that have minimum volume
commitments or other contractual terms to mitigate volume risks,
WPZ has a high level of customer concentration risk with Chesapeake
Energy (Caa2 negative).  These challenges could cause earnings
growth to fall below expectations and result in higher financial
leverage.  If WPZ executes on its asset sales plans and organic
growth projects and sustains Debt/EBITDA below 5x and distribution
coverage above 1x then the outlook could be changed to stable.
Williams', Transco's and Northwest's rating outlooks are also
negative, consistent with WPZ's outlook.

WPZ's ratings could be downgraded if Debt/EBITDA rises above 5x or
if distribution coverage falls below 1x on a sustained basis.  The
partnership's ratings could also be negatively affected by a
significant increase in debt levels at Williams.  A downgrade of
WPZ is likely to result in a downgrade of Williams, Transco and
Northwest.  Moody's expects that Williams parent company only
debt/EBITDA (net of DRIP) will rise towards 5x in 2017 and then
trend down towards 4x in 2018 and thereafter.  If Williams'
stand-alone leverage trajectory were to increase and be sustained
above 5x then Williams' ratings could be downgraded.

A ratings upgrade is unlikely through 2017 given the present
financial leverage and fundamental energy industry challenges.  In
order to be considered for an upgrade to Baa2, WPZ would have to
reduce its Debt/EBITDA towards 4x and increase its distribution
coverage above 1.2x (excluding the benefits of a DRIP program)
absent a meaningful decrease in its direct commodity price risk or
volume risk exposure.  A ratings upgrade of WPZ would likely result
in an upgrade of Williams, Transco and Northwest, assuming that
their standalone credit profiles remain relatively constant or
strengthen.  Additionally, Williams' ratings could be upgraded if
its parent company only debt/EBITDA (net of any DRIP) were to be
sustained below 2x.

WPZ's Prime-3 rating reflects its Baa3 rating and our expectation
that the partnership will maintain adequate liquidity primarily
because of its $3.5 billion senior unsecured credit facility that
matures in February 2020 and provides for working capital needs and
short-term borrowing capacity to fund growth capital expenditures.
At March 31, 2016, WPZ had $2.7 billion of availability on its
revolving credit facility and $125 million of cash.  Like most
master limited partnerships (MLP), the partnership has historically
relied on funding its growth capital expenditures through a mix of
equity and debt capital markets issuances.  WPZ has some
flexibility to reduce its capital expenditures and it can adjust
distributions to reduce some of its external funding requirements
as capital markets conditions warrant.

Williams' SGL-3 rating reflects its adequate parent company
liquidity primarily based on its available borrowing capacity under
its $1.5 billion committed revolving credit facility.  The
company's net distributions received from WPZ are expected to cover
its reduced dividends to shareholders, stand-alone operating
expenses and modest capital expenditures requirements.  At
March 31, 2016, Williams had $465 million of availability under its
revolver and $39 million of cash, which provides adequate liquidity
given expected break-even cash flow for the remainder of 2016 and
2017.  The company has good headroom for future covenant compliance
that should continue through 2017 and Moody's expects that the
Williams will reduce its dividends further should there be
reductions in distributions at WPZ.

The principal methodology used in rating Williams Companies, Inc.
(The), Williams Partners L.P., and Williams Partners L.P. (Old) was
Global Midstream Energy published in December 2010.  The principal
methodology used in rating Northwest Pipeline GP and
Transcontinental Gas Pipeline Company, LLC was Natural Gas
Pipelines published in November 2012.

Williams, is headquartered in Tulsa, Oklahoma and through its
subsidiaries is primarily engaged in the gathering, processing and
interstate transportation of natural gas.  Currently, Williams owns
the GP interest and a substantial portion of the LP interests in
WPZ, a publicly traded midstream energy MLP.  Northwest and Transco
are major interstate natural gas pipelines that are wholly owned
subsidiaries of WPZ.


WPCS INTERNATIONAL: Iroquois Nominates Joshua Silverman to Board
----------------------------------------------------------------
Iroquois Master Fund Ltd., holder of 278,568 shares of common stock
of WPCS International Incorporated, representing 9.7 percent of the
shares outstanding as of July 29, 2016, delivered a letter to the
corporate secretary of the Company nominating Joshua Silverman for
election to the Issuer's Board at the 2016 Annual Meeting.
Iroquois believes that a change to the composition of the Board is
warranted given the underperformance of the Company and Mr.
Silverman's qualifications.  A full-text copy of the regulatory
filing is available at https://is.gd/bFyUwS

            About WPCS International Incorporated

WPCS -- http://www.wpcs.com/-- operates in two business segments
including: (1) providing communications infrastructure contracting
services to the public services, healthcare, energy and corporate
enterprise markets worldwide; and (2) developing a Bitcoin trading
platform.

WPCS International reported a net loss attributable to common
shareholders of $8.27 million on $14.6 million of revenue for the
year ended April 30, 2016, compared to a net loss attributable to
common shareholders of $11.32 million on $24.41 million of revenue
for the year ended April 30, 2015.

As of April 30, 2016, the Company had $5.80 million in total
assets, $3.57 million in total liabilities and $2.22 million in
total equity.


YH LIMITED: Chapter 15 Case Summary
-----------------------------------
Chapter 15 Petitioner: Christian Henry Wells

Chapter 15 Debtor: YH Limited
                   One Reading Central
                   23 Forbury Road
                   Reading RG1 3YL
                   United Kingdom

Chapter 15 Case No.: 16-12262

Type of Business: Provider of yellow pages directory listings

Chapter 15 Petition Date: August 3, 2016

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

Judge: Hon. Shelley C. Chapman

Chapter 15 Petitioner's Counsel: Emil A. Kleinhaus, Esq.
                                 Neil K. Chatani, Esq.
                                 Natasha J. Fernandez-Silber, Esq.
                                 WACHTELL, LIPTON, ROSEN & KATZ
                                 51 West 52nd Street
                                 New York, NY 10019
                                 Tel: (212) 403-1332
                                 Fax: (212) 403-2332
                                 E-mail: eakleinhaus@wlrk.com
                                         NKChatani@wlrk.com
                                         NJSilber@wlrk.com

Estimated Assets: $500 million to $1 billion

Estimated Debts: More than $1 billion


[*] Leake, Laukitis Join Skadden's Corporate Restructuring Group
----------------------------------------------------------------
Skadden, Arps, Slate, Meagher & Flom LLP disclosed that Paul Leake
and Lisa Laukitis have joined the firm in New York.

Mr. Leake has joined Skadden as a partner and co-head of the
Corporate Restructuring Group, alongside firm partner Jay Goffman.
Previously, Mr. Leake was head of the Business Restructuring and
Reorganization practice at another large global law firm.  He
represents the full range of parties in restructurings, including
U.S. and transnational clients in Chapter 11 reorganizations and
liquidations, out-of-court restructurings, secured financings,
distressed acquisitions and investments in troubled companies in a
wide variety of industries.

Ms. Laukitis also has joined the firm as a partner in the Corporate
Restructuring Group.  She represents clients in out-of-court
restructurings and Chapter 11 bankruptcies, including secured and
unsecured creditors and private equity funds.  She has handled
distressed mergers and acquisitions as well as various financing
arrangements and litigates disputes related to the use of cash
collateral, DIP financing, sales under Section 363 of the
Bankruptcy Code, modifications of labor agreements and retiree
benefits, and plan confirmations.


[*] Moody's B3 Negative and Lower Corporate Ratings List Declines
-----------------------------------------------------------------
The number of companies on Moody's B3 Negative and Lower Corporate
Ratings List continued to trend lower at the end of July, Moody's
Investors Service says in a new report. Companies in the oil & gas
industry continue to make up the largest portion of this portfolio,
and although this sector's share declined from its all-time high,
defaults, rather than ratings upgrades, were the reason for this
change.

"The B3 Negative and Lower Corporate Ratings List dropped 3.1%
month-over-month," said Moody's Associate Analyst Julia Chursin,"
as defaults continue to be the main factor in reducing of our tally
of distressed-debt issuers, exceeding ratings upgrades over the
course of July."

The tally fell to 280 from 289 from the end of June to the end of
July, Chursin noted in the monthly review of the list. Companies
are removed from the list at the time of a default or rating
withdrawal or if they are upgraded to B3 stable or higher.

Aside from missed interest payments by a distributor of auto parts,
the rest of defaults were recorded in the oil & gas sector, with
all four bankruptcy and four limited default-related ratings
actions in July among companies on this list occurring in the
still-struggling industry. The manufacturing and transportation
sectors' weightings in the B3 Negative and Lower List increased the
most month-over-month, but remain far smaller than that of oil &
gas. Through the end of July, four new companies were added to this
list due to ratings downgrades in manufacturing (2), transportation
(1) and technology (1).


[*] Reclamation Liabilities Loom on Coal Companies, Moody's Says
----------------------------------------------------------------
A sustained contraction in demand for coal production has forced a
swath of major producers into Chapter 11 reorganization over the
past few years, and as while these companies are expected to emerge
smaller and leaner, they will also need to acclimate to the level
of diminishing demand for coal production, Moody's Investors
Service says in a new report.  In addition, these companies will
inherit significant reclamation liabilities.

"Environmental obligations are emerging as a much more significant
issue for the ailing coal industry than in the past, Moody's Vice
President -- Senior Analyst Anna Zubets-Anderson says.  "Though the
Surface Mining Control and Reclamation Act has existed since 1977,
environmental liabilities generally did not put an overwhelming
strain on companies' liquidity, cash flows or access to capital
until the industry started to collapse a few years ago."

Moody's says in a healthy and stable industry, reclamation work was
expected to be long-dated and comfortably funded by ongoing
operations at active mines.  Or, if needed, coal companies would
generally be able to sell non-core mining operations.  But as the
industry undergoes a restructuring in the face of a severe demand
contraction, and utilities continue to shift to natural gas
consumption and away from coal, companies must shut mines amid
drops in production, making reclamation liabilities a more pressing
issue.

Regulators also play a role, as producers must submit reclamation
plans with their applications for state permits to mine.  Companies
must also post reclamation bonds in the form of surety, collateral
or self-bonds that would secure performance under their plans.

The report notes that for Moody's-rated companies recently in
bankruptcy, the majority of bonding obligations just prior to
filing were self-bonds.

"Self-bonding essentially allows the operator to avoid posting
asset collateral to secure their reclamation obligation, permitting
the company to pledge its assets to other creditors,"
Zubets-Anderson says.

However, the report points out that the emerging miners will likely
have to secure a greater proportion of their bonding requirements
by posting collateral, which will put pressure on their liquidity.
Even if companies are allowed to continue to self-bond, bonding
requirements can become a sudden draw on liquidity and force the
operator into bankruptcy at a time of financial distress.  If a
state regulator becomes concerned with the company's financial
condition, it could request additional collateral to continue its
mining permits, which an ailing company may not be able to
provide.

The report, "Coal Mining - North America: Reclamation Obligations a
Mounting Burden on Industry in Restructuring" is available to
Moody's subscribers at:

https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_1037064



[*] Thompson & Knight's Herman Joins Blank Rome in N.Y.
-------------------------------------------------------
Blank Rome LLP said Ira L. Herman has joined the Firm as a Partner
in the Finance, Restructuring, and Bankruptcy group. Mr. Herman
joins Blank Rome from Thompson & Knight LLP, where his practice
focused on distressed public debt issues, insolvency matters
involving upstream and midstream oil and gas companies, and
distressed M&A, in addition to traditional bankruptcy and
insolvency matters. Admitted to practice in New York and Texas, Mr.
Herman is based in the Firm's New York office, which recently added
more than 10 attorneys from Dickstein Shapiro, as well as insurance
coverage partner Lisa M. Campisi, and commercial litigator Samuel
D. Levy.

"The recent additions of a number of attorneys in our New York
office have expanded our capabilities in a variety of areas that
are of great importance to our clients, and we are thrilled to
welcome Ira as we continue to grow," said Alan J. Hoffman, Chairman
and Managing Partner. "Ira is an accomplished and well-respected
attorney with significant experience representing constituencies in
all types of domestic and cross-border bankruptcy and insolvency
matters, making him an excellent addition to our well-established
Finance, Restructuring, and Bankruptcy team."

Mr. Herman regularly advises lenders and other clients on the
management of bankruptcy risk in their transactions; indenture
trustees regarding defaulted public debt issues; and lenders
regarding restructuring and bankruptcy, including distressed M&A
transactions and inter-creditor issues. Additionally, he provides
services on the debtors' side, counseling financially distressed
entities and their management on restructuring challenges
pertaining to corporate governance issues, and litigating corporate
governance matters, such as breach of duty in good faith and
dealing. As a court appointed mediator, Mr. Herman has been able to
facilitate the resolution of controversies involving U.S. and
non-U.S. parties concerning bankruptcy and commercial law issues.

"Over the past decade, Ira has developed significant experience
representing creditors, debtors, mineral rights owners, upstream
and midstream companies, and other industry participants in oil and
gas bankruptcies and out-of-court restructurings in New York,
Texas, and Delaware," said Regina Stango Kelbon, Finance,
Restructuring, and Bankruptcy Practice Group Co-Chair. "Having an
attorney based on the East Coast with this type of experience
supplements our practice in a unique way and will be of great
benefit to our clients."

In addition to his work counseling lenders and debtors in his
restructuring and bankruptcy practice, Mr. Herman provides counsel
to for-profit and not-for-profit entities concerning data privacy
and cybersecurity issues.

Furthermore, Mr. Herman is deeply committed to pro bono and
community service, participating in many organizations that provide
aid to New York residents. For example, Mr. Herman serves as Chair
of the New York City Bankruptcy Assistance Project Steering
Committee, an initiative launched by Legal Services for the City of
New York. He also serves as the Co-Chair of the Subcommittee on
Courts and Legislation within the Bankruptcy & Corporate
Reorganization Committee of the New York City Bar. Mr. Herman has
also served as a judge for the American Bankruptcy Institute
Bankruptcy Law Student Writing Competition.

"I am excited to join Blank Rome at a time when the Firm is
experiencing such impressive strategic growth," Mr. Herman said.
"The Firm's geographic reach, robust practices, and solid
relationships provide me with an excellent opportunity to continue
to grow my practice. I'm particularly looking forward to building
on my work in the oil and gas space, and collaborating with my
colleagues across the Firm in a variety of areas, including
financial services, real estate, and energy regulatory, to better
serve our clients."

Mr. Herman received his J.D. cum laude with distinction from Boston
University School of Law, and his B.A. in Political Science cum
laude from Yeshiva University.


[^] BOOK REVIEW: The Money Wars
-------------------------------
Author:     Roy C. Smith
Publisher:  Beard Books
Softcover:  370 pages
List Price: $34.95
Review by David Henderson

Get your own personal today at
http://www.amazon.com/exec/obidos/ASIN/1893122697/internetbankrupt

Business is war by civilized means.  It won't get you a tailhook
landing on an n aircraft carrier docked in San Diego, but the
spoils of war can be glorious to behold.

Most executives do not approach business this way.  They are
content to nudge along their behemoths, cash their options, and
pillage their workers.  This author calls those managers "inertia
ridden."  He quotes Carl Icahn describing their companies as run
by "gross and widespread incompetent management."

In cycles though, the U.S. economy generates a few business
warriors with the drive, or hubris, to treat the market as a
battlefield.  The 1980s saw the last great spectacle of business
titans clashing.  (The '90s, by contrast, was an era of the
investment banks waging war on the gullible.)  The Money Wars is
the story of the last great buyout boom.  Between 1982 and 1988,
more than ten thousand transactions were completed within the U.S.
alone, aggregating more than $1 trillion of capitalization.

Roy Smith has written a breezy read, traversing the reader through
an important piece of U.S. history, not just business history. Two
thirds of the way through the book, after covering early twentieth
century business history, the growth of financial engineering
after WWII, the conglomerate era, the RJR-Nabisco story, and the
financial machinations of KKR, we finally meet the star of the
show, Michael Milken.  The picture painted by the author leads the
reader to observe that, every now and then, an individual comes
along at the right time and place in history who knows exactly
where he or she is in that history, and leaves a world-historical
footprint as a result.  Whatever one may think of Milken's ethics
or his priorities, the reader will conclude that he is the
greatest financial genius this country has produced since J.P.
Morgan.

No high-flying financial era has ever happened in this country
without the frothy market attracting common criminals, or in some
cases making criminals out of weak, but previously honest men (and
it always seems to be men).  Something there is about testosterone
and money.  With so many deals being done, insider trading was
inevitable.  Was Michael Milken guilty of insider trading?
Probably, but in all likelihood, everybody who attended his lavish
parties, called "Predators' Balls," shared the same information.
Why did the Justice Department go after Milken and his firm,
Drexel Burnham Lambert with such raw enthusiasm?  That history has
not yet been written, but Drexel had created a lot of envy and
enemies on the Street.

When a better history of the period is written, it will be a study
in the confluence of forces that made Michael Milken's genius
possible: the sclerotic management of irrational conglomerates, a
ready market for the junk bonds Milken was selling, and a few
malcontent capitalist like Carl Icahn and Ted Turner, who were
ready and able to wage their own financial warfare.

This book is a must read for any student of business who did not
live through any of these fascination financial eras.

Roy C. Smith is a professor of entrepreneurship, finance and
international business at NYU, and teaches on the faculty there of
the Stern School of Business.  Prior to 1987, he was a partner at
Goldman Sachs.  He received a B.S. from the Naval Academy in 1960
and an M.B.A. from Harvard in 1966.


                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

                            *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.  
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman,
Editors.

Copyright 2016.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $975 for 6 months delivered via
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are $25 each.  For subscription information, contact Peter A.
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