TCR_Public/160810.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Wednesday, August 10, 2016, Vol. 20, No. 223

                            Headlines

401 PROPERTIES: Court Dismisses Bankruptcy Case
AC NW RETAIL: Voluntary Chapter 11 Case Summary
AEROPOSTALE INC: In Talks for Sale to Versa Capital
AFFINITY HEALTH CARE: Fails to Safely Discharge Patient, PCO Says
ALIMERA SCIENCES: Incurs $6.86-Mil. Net Loss in Q2 Ended June 30

ALLIED FINANCIAL: Plan Confirmation Hearing Set for Sept. 7
ALPHA NATURAL: Court Won't Review Plan Termination Order
BAMC DEVELOPMENT: US Trustee Fails to Appoint Creditors' Committee
BARRY JAMISON: Plan Confirmation Hearing Set for Sept. 22
BIOCEPT INC: Reports $4.59-Mil. Net Loss in June 30 Quarter

BLUBERI GAMING: Court Dismisses AGS' Bid to Compel Performance
BOWLMOR AMF: Moody's Affirms B3 CFR, Outlook Stable
BOYD GAMING: Moody's Revises Outlook to Positive & Affirms B2 CFR
CAESARS ENTERTAINMENT: Has $2.04-Bil. Net Loss in June 30 Quarter
CAMP INTERNATIONAL: S&P Affirms 'B-' CCR; Outlook Stable

CANEJAS SE: Disclosure Statement Hearing Set for Sept. 7
CITY SPORTS: Court Reclassifies Gift Card Claim as Gen. Unsecured
CITY SPORTS: Gift Card Holders Lack Priority Status, Judge Says
COMMUNITY HEALTH: S&P Lowers CCR to 'B', Outlook Stable
COMPASSIONATE HEALTH CARE: Asks Court to Approve Plan Disclosures

CROFCHICK REALTY: Pennsylvania Revenue Dept. Objects to Plan
DAYTON POWER: S&P Retains 'BB' ICR on CreditWatch Negative
DPA INVESTORS: $3.23M Sale to Pay Creditors in Full
ECHOSTAR BROADBAND: S&P Lowers Issuer Credit Ratings to B+
EMERALD OIL: Exclusive Period to File Plan Extended to Dec. 19

ESH HOSPITALITY: S&P Rates Proposed $1.65BB Sr. Facility 'BB+'
EXCO RESOURCES: Incurs $111.35-Mil. Net Loss in Q2 Ended in June
FAIRYTALE DAY CARE: Disclosures OK'd; Plan Hearing on Sept. 21
FAMILY AUTO: Plan, Disclosures Approval Hearing on Sept. 16
FIRST EVANGELIST: Taps Residential Appraisal Resource as Appraiser

FIRST NIAGARA: Fitch Raises Preferred Stock Rating to BB
FLORHAM PARK: Court Extends Plan Filing Period to Dec. 7
FRAMINGHAM 300: Disclosures OK'd; Confirmation Hearing on Aug. 25
FTI CONSULTING: S&P Raises CCR to 'BB+'; Outlook Stable
GARDA WORLD: S&P Affirms 'B' CCR, Outlook Stable

GARY ROLAND: Debtor's Sister to Contribute $10,000 to Fund Plan
GAWKER MEDIA: In Settlement Talks with Hulk Hogan
GLOWPOINT INC: Records $605-K Net Loss in Quarter Ended June 30
GOODRICH PETROLEUM: Has Conditional OK of New Financing Package
GRAPHIC PACKAGING: Moody's Assigns Ba2 Rating on $300MM Sr. Notes

GRAPHIC PACKAGING: S&P Rates Proposed $300MM Sr. Notes 'BB+'
GUP'S HILL PLANTATION: Unsecureds to Recoup 5.5% Under Plan
HANCOCK FABRICS: Seeks Exclusivity Extension Thru Dec. 2
HARVEST OIL: Aug. 16 Deadline for Plan Confirmation Objections
HCA INC: Fitch Assigns 'BB+/RR1' Rating to $1BB Sr Secured Notes

HCA INC: Moody's Assigns Ba1 Rating on $1BB Sr. Sec. Notes
HERCULES OFFSHORE: Plan Confirmation Hearing Moved to Sept. 22
HILTON ESCROW: Moody's Assigns Ba3 Rating on $750MM Sr. Notes
HILTON WORLDWIDE: S&P Assigns 'BB+' Rating on Proposed $1BB Notes
HOVNANIAN ENTERPRISES: Fitch Gives 'B/RR1' Rating to 1st Lien Loans

INDIANA FINANCE: Fitch Cuts Private Activity Bonds Ratings to 'BB'
INMOBILIARIA BAFCO: Disclosure Statement Hearing Set for Sept. 7
INNOVATION VENTURES: Moody's Assigns B1 Rating on $25MM Facility
INTERVENTION ENERGY: EIG Raised Concerns Over Banker's Fees
ISLAND CONCEPTS: Hires Derbes Law Firm as Bankr. Counsel

KALPANA J PATEL: Hearing to Consider Plan Outline on Sept. 8
KIDS ONLY II: Creditor Proposes Full Payment Chapter 11 Plan
KIDS ONLY II: RREF Files Ch. 11 Liquidating Plan
KIDS ONLY III: RREF Proposes Ch. 11 Plan of Liquidation
LANSING TRADE: S&P Lowers CCR to 'B'; Outlook Stable

LBH NATIONAL: US Trustee Fails to Appoint Creditors' Committee
LEAP FORWARD GAMING: Files Plan of Liquidation
LEHMAN BROTHERS: LBSF's Claims Against BofA Dismissed
LESLIE JOE WENNINGER: Final Plan Outline Hearing on Aug. 25
LIFE PARTNERS: Fiduciaries Recommend Moran Investor Plan

LOGAN'S ROADHOUSE: Asks Court to Approve $75-Mil. DIP Loans
LOGAN'S ROADHOUSE: Case Summary & 30 Largest Unsecured Creditors
LOGAN'S ROADHOUSE: Employs Donlin Recano as Claims & Notice Agent
LOGAN'S ROADHOUSE: Files for Chapter 11 Bankruptcy Protection
LOUISIANA-PACIFIC CORP: S&P Raises Rating to 'BB'; Outlook Stable

LRI HOLDINGS: Files for Bankruptcy Protection
MARIA LUZ MERCADO: Plan Confirmation Hearing Set for Dec. 6
MATTRESS FIRM: S&P Puts 'B+' CCR on CreditWatch Positive
MATTRESS HOLDING: Moody's Puts B1 CFR Under Review for Upgrade
MAXI CONTAINER: Case Summary & 20 Largest Unsecured Creditors

MAXUS ENERGY: Aug. 15 Hearing on $63.1 Million DIP Financing
MAXUS ENERGY: Benjamin Moore, Occidental Object to DIP Loan
MIDSTATES PETROLEUM: Needs Until Oct. 27 to File Plan
MISSISSIPPI HOME: S&P Raises Rating on Revenue Bonds to 'BB+'
MJ HOLDINGS: Reports $8-K Net Loss in Second Quarter Ended June 30

MOREHOUSE COLLEGE: Moody's Lowers Rating on $37MM Bonds to Ba1
N.P.H.B. RESTAURANT: Involuntary Chapter 11 Case Summary
NEW BEGINNINGS: PCO Files 3rd Report on 13 Facilities
OASIS OUTSOURCING: Moody's Affirms B2 CFR, Outlook Stable
OLGA'S KITCHEN: Hearing on First Amended Plan Set for Sept. 22

PARAGON OFFSHORE: Enters Into Agreement for Amended PSA
PARAGON OFFSHORE: Seeks Approval of Plan Support Agreement
PEABODY ENERGY: Needs Until Nov. 9 to File Ch. 11 Plan
PERSONAL COMMUNICATIONS: Bid to Enforce Sale Order Partly Granted
PFO GLOBAL: Has $1.41-Mil. Net Loss in Qtr. Ended March 31

PILGRIM MEDICAL: Disclosure Statement Hearing Set for Sept. 8
PREMIER WELLNESS: Seeks Nov. 1 Extension of Plan Filing Date
PRIMORSK INT'L: Disclosure Statement Approval Hearing on Aug. 23
PRIMORSK INT'L: Swap & Unsecured Claims Get Nothing Under Plan
PROASSURANCE CORP: Moody's Assigns Ba1 Stock Shelf Rating

PTC GROUP: S&P Lowers Foreign Issuer Credit Rating to D
PTC GROUP: S&P Raises Issuer Credit Rating to CCC+
QUANEX BUILDING: S&P Withdraws 'BB-' Corporate Credit Rating
RICHARD D. ARNOLD: Unsecured Creditors to be Paid 100% in 60 Months
RINCON ISLAND: Case Summary & 20 Largest Unsecured Creditors

ROGER ALLEN MCCRACKEN: Randy Burke Joins Creditors' Committee
ROKA BIOSCIENCE: Posts $7.56-Mil. Net Loss in Second Quarter
RON SAMUEL ISRAELI: Plan Confirmation Hearing Set for Sept. 27
RONALD WALTERS: Files Fourth Amended Disclosure Statement
SANDRIDGE ENERGY: Seeks Exclusivity Extension Thru Jan. 13

SHARP FINANCIAL: Case Summary & 20 Largest Unsecured Creditors
SHEEHAN PIPE LINE: Seeks Sept. 14 Extension of Plan Filing Date
STAGE PRESENCE: Plan Confirmation Hearing Set for Sept. 22
STARCO VENTURES: Ch.11 Trustee Hires Gunster as Special Counsel
STW RESOURCES: Files Voluntary Chapter 11 Bankruptcy Petition

SUGARMADE INC: Reports $10.23-Mil. Net Loss in 2015
SUNEDISON INC: 5 Additional Debtors' Chapter 11 Case Summary
SYNCARDIA SYSTEMS: Wins Approval to Hold Bankruptcy Auction
TAG FINANCIAL: Case Summary & 20 Largest Unsecured Creditors
TERRY R. CLARK: Court Sets Sept. 15 Plan Confirmation Hearing

TEXAS PELLETS: Seeks Nov. 28 Extension of Plan Filing Date
TRUMP ENTERTAINMENT: Taj Closing May Sway NJ Casino Expansion Vote
TUSK ENERGY: Asks Court to Extend Schedules Filing Deadline
TUSK ENERGY: Case Summary & 4 Unsecured Creditors
TUSK ENERGY: Files for Bankruptcy Protection, Looks for Buyer

TUSK ENERGY: Origin Bank Agrees to Provide $500,000 DIP Loan
TUSK ENERGY: Seeks Joint Administration of Chapter 11 Cases
TWO MILE RANCH: US Trustee Fails to Appoint Creditors' Committee
VALUE PROPERTIES: Court Confirms Ch. 11 Plan
VESTIS RETAIL: Needs Until Dec. 14 to File Ch. 11 Liquidating Plan

WHITE MARINE: Plan Confirmation Hearing Set for Oct. 6
WINDMILL RESERVE: Asks Court to Approve Use of Cash Collateral
WINDMILL RESERVE: Taps Berger Singerman as Counsel
WINDMILL RESERVE: Voluntary Chapter 11 Case Summary
ZERO BARNEGAT: Voluntary Chapter 11 Case Summary

[*] CFPB Expands Foreclosure Protections
[*] Fitch Affirms 83% of Public Ratings Reviewed After Update
[*] Fitch: Competitive US Auto Pressures to Bend but Not Break ABS

                            *********

401 PROPERTIES: Court Dismisses Bankruptcy Case
-----------------------------------------------
Judge Jacqueline P. Cox of the United States Bankruptcy Court for
the Northern District of Illinois, Eastern Division, dismissed the
bankruptcy case captioned In re 401 Properties Limited Partnership,
Debtor, Bankr. No. 14-44983 (Bankr. N.D. Ill.).

Judge Cox dismissed the case on the motions of the U.S. Trustee and
Legacy Re and Rock Solid.

The judge also granted the motion to dismiss at Docket Number 227,
finding the bankruptcy case was not filed in good faith.

The motion for an order dismissing the bankruptcy case at Docket
Number 206 was also granted by Judge Cox upon finding that the case
represents an attempt to forum shop the underlying internecine
battle for control of the debtor, which is not what bankruptcy is
designed to accomplish.

A full-text copy of Judge Cox's August 4, 2016 memorandum opinion
is available at http://bankrupt.com/misc/ilnb14-44983-295.pdf

                        About 401 Properties

Chicago, Illinois-based 401 Properties Limited Partnership sought
Chapter 11 protection on June 23, 2010 (Bankr. N.D. Ill. Case No.
10-28114).  Louis D. Bernstein, Esq., at Bernstein Law Firm, LLC,
assists the Debtor in its restructuring effort.  The Company
estimated $10 million to $50 million in assets and $1 million to
$10 million in liabilities in its Chapter 11 petition.  The
Company scheduled assets of $11,018,507 and debts of
$12,459,316 as of the Petition Date.


AC NW RETAIL: Voluntary Chapter 11 Case Summary
-----------------------------------------------
Debtor: AC NW Retail Investment LLC
        149 Madison Avenue
        8th Floor
        New York, NY 10016

Case No.: 16-23085

Chapter 11 Petition Date: August 9, 2016

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

Debtor's Counsel: Arnold Mitchell Greene, Esq.
                  ROBINSON BROG LEINWAND GREENE
                  GENOVESE & GLUCK, P.C.
                  875 Third Avenue, 9th Floor
                  New York, NY 10022
                  Tel: (212) 603-6300
                  Fax: (212) 956-2164
                  E-mail: amg@robinsonbrog.com

Estimated Assets: $10 million to $50 million

Estimated Debts: $1 million to $10 million

The petition was signed by Benjamin Ringel, sole equity member.

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


AEROPOSTALE INC: In Talks for Sale to Versa Capital
---------------------------------------------------
Lillian Rizzo, writing for The Wall Street Journal, reported that
distressed private-equity investor Versa Capital is considering
making a play for Aeropostale Inc., according to the teen apparel
retailer.

According to the report, in papers filed in Aeropostale's
bankruptcy case, the retailer said it has been in discussions with
Versa regarding a possible stalking horse, or lead, bid for the
company at a coming auction.

While nothing is set in stone, court papers show a potential Versa
bid could include a cash payment for Aeropostale's inventory, the
assumption of more than 500 existing and modified store leases, and
"continued employment for thousands of store-level and corporate
employees," the report related.

A condition of Versa's bid, however, is a demand that Aeropostale
reimburse the private-equity company's expenses, up to $500,000,
the report further related.  That condition was approved by Judge
Sean Lane of the U.S. Bankruptcy Court in New York, the report
said.

Bids for Aeropostale are due Aug. 18, the report added.  If needed,
an auction will be held Aug. 22, with the winning bid set for court
review at an Aug. 24 hearing, the report said.

                 About Aeropostale Inc.

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

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

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

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

Judge Sean H. Lane is assigned to the cases.

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


AFFINITY HEALTH CARE: Fails to Safely Discharge Patient, PCO Says
-----------------------------------------------------------------
Nancy Shaffer, the Patient Care Ombudsman appointed for Affinity
Health Care Management, Inc., has reported, on August 5, 2016, to
the Honorable Julie A. Manning, Chief United State Bankruptcy
Judge, of the final hours of the discharge of the last remaining
resident at the Alexandria Manor.

The discharge plan is developed by the multi-disciplinary team. The
plan includes all aspects of the individualꞌs life including
medical, physical, and psychosocial.

The PCO assessed that the way the Alexandria Manor administration
handled the situation was not in the best interest of the resident,
it was a business decision. Alexandria Manor was willing to go
along with a discharge to a motel. When that did not work, they
proposed the plan to transfer the resident to their sister facility
knowing the ramifications. Further, they did not discharge the
resident with medications per physician orders. While it did meet
Alexandria's resolve to close the home/discharge all residents by
end of business on July 29, it did not, in the Patient Care
Ombudsman's opinion, meet their responsibilities for a safe
discharge. The safe discharge took place because another entity,
the Money Follows the Person Program, ensured the safety and
well-being of the resident.

The PCO can be contacted at:

          Nancy Shaffer
          CT State Long Term Care Ombudsman
          Department of Social Services
          25 Sigourney Street
          Tel: (860) 424-5238
          E-mail: nancy.shaffer@ct.gov

                About Affinity Health Care Management

Affinity Health Care Management, Inc., Health Care Investors, Inc.
d/b/a Alexandria Manor, Health Care Alliance, Inc. d/b/a Blair
Manor, Health Care Assurance, L.L.C. d/b/a Douglas Manor and Health
Care Reliance, L.L.C. d/b/a Ellis Manor, are a nursing home
management company.  They filed for Chapter 11 bankruptcy
protection (Bankr. D. Conn. Case Nos. 16-30043 to 16-30047) on
January 13, 2016.  Hon. Julie A. Manning presides over the cases.
Elizabeth J. Austin, Esq., Irve J. Goldman, Esq. and Jessica
Grossarth, Esq., at Pullman & Comley, LLC, serve as counsel to the
Debtors.

In its petition, Affinity Health Care Management estimated $50,000
to $100,000 in assets and $500,000 to $1 million in liabilities.
The Debtors noted in a court filing that their total secured and
unsecured debt exceeding $16 million.

The Debtors' petitions were signed by Benjamin Fischman,
president.

A committee of unsecured creditors has been appointed and Neubert
Pepe & Monteith, P.C. has been retained as the committee's counsel.


ALIMERA SCIENCES: Incurs $6.86-Mil. Net Loss in Q2 Ended June 30
----------------------------------------------------------------
Alimera Sciences, Inc., filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q for the three months
ended June 30, 2016.

The company has incurred a net loss applicable to stockholders of
$6.86 million on $9.56 million of net revenue for the three months
ended June 30, 2016, compared to a net loss applicable to
stockholders of $8.60 million on $5.78 million of net revenue for
the same period in 2015.

At June 30, 2016, the company had total assets of $58.77 million,
total liabilities of $46.96 million, and total shareholders' equity
of $11.80 million.

Alimera Sciences, Inc., has incurred negative cash flow from
operations and has accumulated a deficit of $361,903,000 from
inception through June 30, 2016. As of June 30, 2016, the Company
had approximately $16,627,000 in cash and cash equivalents.

As of June 30, 2016, the Company did not meet the liquidity
threshold covenant under the Company's loan and security agreement
with Hercules Capital, Inc. While this violation was waived by
Hercules, the Company's current financial forecast for the
remainder of 2016 projects that the Company must obtain alternative
or additional financing or it is probable that the Company will not
be in compliance with its covenants in the future. While these
financial covenant requirements may be waived in the future, there
can be no certainty that this will be the case. The Company is
currently pursuing alternative or additional debt financing and has
an at-the-market offering in place under which it can sell up to
approximately $33,784,000 of its common stock as of June 30, 2016.
In an event of default, all amounts may become due under the
Company's loan agreement with Hercules and there would be
substantial doubt about its ability to continue as a going
concern.

Further, due to the limited revenue generated by ILUVIEN to date,
even if the Company is able to refinance its loan and security
agreement with Hercules and maintain compliance with its debt
covenants, it will need to raise additional capital to fund the
continued commercialization of ILUVIEN. If the Company is unable to
raise additional financing, the Company will need to adjust its
commercial plans so that it can continue to operate with its
existing cash resources. The actual amount of funds that the
Company will need will be determined by many factors, some of which
are beyond its control and the Company may need funds sooner than
currently anticipated.

The Company's negative cash flow from operations and accumulated
deficit raise substantial doubt about its ability to continue as a
going concern.

A full-text copy of the company's quarterly report is available for
free at:

                     https://is.gd/XKKQOS

Alimera Sciences, Inc., is an Alpharetta, Georgia-based
pharmaceutical company that specializes in the research,
development and commercialization of prescription ophthalmic
pharmaceuticals.  The company is focused on diseases affecting the
back of the eye, or retina.



ALLIED FINANCIAL: Plan Confirmation Hearing Set for Sept. 7
-----------------------------------------------------------
The Hon. Mildred Caban Flores approved the disclosure statement
explaining the Chapter 11 Plan of Allied Financial, Inc.,
permitting the debtor and parties-in-interest to solicit
acceptances or rejections of the debtor's Plan of Reorganization,
pursuant to 11 U.S.C. Sec. 1125.

A hearing for the consideration of confirmation of the Plan and of
objections as may be made to the confirmation of the Plan will be
held Sept. 7, 2016, at 9:00 a.m. at the Jose V. Toledo Federal
Building and US Courthouse, 300 Recinto Sur Street, Courtroom 3,
Third Floor, San Juan, Puerto Rico.

The Plan documents were filed May 12, 2016.

Any objection to confirmation of the Plan shall be filed on or
before 14 days prior to the date of the hearing on confirmation of
the Plan.

Objections to claims must be filed prior to the hearing on
confirmation.  The Debtor will include in its objection to claim a
notice that if no response to the objection is filed within 30
days, the motion will be considered and decided without the actual
hearing.  If a written response or opposition to the objection to
claim is timely filed, the contested matter will be heard on the
date that the hearing on confirmation has been scheduled.

                      About Allied Financial

Allied Financial, Inc. filed a Chapter 11 bankruptcy petition
(Bankr. D.P.R. Case No. 16-00180) on Jan. 15, 2016.  The petition
was signed by Rafael Portela, president of the Board of Directors.
The Debtor disclosed total assets of $10.3 million and total debt
of $9.14 million.  C. Conde & Assoc. is counsel to the Debtor.
Judge Mildred Caban Flores presides over the case.


ALPHA NATURAL: Court Won't Review Plan Termination Order
--------------------------------------------------------
Judge Kevin R. Huennekens of the United States Bankruptcy Court for
the Eastern District of Virginia, Richmond Division, denied the
motion filed by three of the participants in the Alpha Natural
Resources Inc. and Subsidiaries Deferred Compensation Plan, seeking
reconsideration of the court's termination order.

The court's termination order had granted the motion filed by Alpha
Natural Resources, et al., seeking authority under sections 363 and
365 of the Bankruptcy Code to reject three nonqualified deferred
compensation plans and two executive retirement plans .

Judge Huennekens found that there are no grounds to reconsider the
termination order under Federal Rules of Bankruptcy Procedure Rules
9023 and 9024 because the debtors' motion to terminate was properly
brought before the court as a contested matter and an adversary
proceeding was not required.

A full-text copy of Judge Huennekens's August 5, 2016 memorandum
opinion is available at
http://bankrupt.com/misc/vaeb15-33896-3221.pdf  

                  About Alpha Natural Resources

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

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

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

Judge Kevin R. Huennekens presides over the cases.

David G. Heiman, Esq., Carl E. Black, Esq., and Thomas A. Wilson,
Esq., at Jones Day serve as the Debtors' general counsel.  Tyler
P. Brown, Esq., J.R. Smith, Esq., Henry P. (Toby) Long, III, Esq.,
and Justin F. Paget, Esq., serve as the Debtors' local counsel.

Rothschild Group is the Debtors' financial advisor.  Alvarez &
Marshal Holdings, LLC, is the Debtors' investment banker.
Kurtzman Carson Consultants, LLC, is the Debtors' claims and
noticing agent.

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

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

                            *     *     *

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

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


BAMC DEVELOPMENT: US Trustee Fails to Appoint Creditors' Committee
------------------------------------------------------------------
The U.S. Trustee informs the U.S. Bankruptcy Court for the Middle
District of Florida that a committee of unsecured creditors has not
been appointed in the Chapter 11 case of BAMC Development Holding
LLC due to insufficient response to the U.S. Trustee
communication/contact for service on the committee.

Headquartered in Tampa, Florida, BAMC Development Holding LLC filed
for Chapter 11 bankruptcy protection (Bankr. M.D. Fla. Case No.
16-05643) on June 30, 2016, estimating its assets at between $1
million and $10 million and its liabilities at between $1 million
and $10 million.  The petition was signed by Thomas Ortiz, managing
member.

Judge Catherine Peek McEwen presides over the case.

W Bart Meacham, Esq., who has an office in Tampa Florida, serves as
the Debtor's counsel.


BARRY JAMISON: Plan Confirmation Hearing Set for Sept. 22
---------------------------------------------------------
The Hon. Vincent F. Papalia of the U.S. Bankruptcy Court for the
District of New Jersey has conditionally approved Barry Jamison
Pilgrim and Jacqueline Kyla Pilgrim's Chapter 11 combined plan of
reorganization and disclosure statement.

The Debtors filed the Disclosure Statement on July 13, 2016.

A hearing on the final approval of the Disclosure Statement and for
Confirmation of the Plan will be held on Sept. 22, 2016, at 11:00
a.m.

The Combined Plan of Reorganization and Disclosure Statement, and a
Ballot conforming to Official Form 14, must be mailed to creditors,
equity security holders, and other parties in interest, and be
transmitted to the U.S. Trustee Aug. 8, 2016.

Sept. 8, 2016, is fixed as the last day for filing and serving
written objections to the Disclosure Statement and confirmation of
the Plan.  Sept. 8 is also the last day for filing written
acceptances or rejections of the Plan.

Barry Jamison Pilgrim and Jacqueline Kyla Pilgrim filed for Chapter
11 bankruptcy (Bankr. D.N.J. Case No. 16-16614) on April 6, 2016.
Thaddeus R. Maciag, Esq., at Maciag Law, LLC, serves as the
Debtors' bankruptcy counsel.


BIOCEPT INC: Reports $4.59-Mil. Net Loss in June 30 Quarter
-----------------------------------------------------------
Biocept, Inc., filed with the Securities and Exchange Commission
its quarterly report on Form 10-Q disclosing a net loss of $4.59
million on $662,860 of revenues for the three months ended June 30,
2016, compared to a net loss of $4.03 million on $76,768 of
revenues for the same period in 2015.

For the six months ended June 30, 2016, the Company listed a net
loss of $9.47 million on $884,229 of revenues, compared to a net
loss of $7.83 million on $226,770 of revenues for the same period
in the prior year.

At June 30, 2016, the company had total assets of $6.30 million,
total liabilities of $6.72 million, and total shareholders' deficit
of $419,402.

As of June 30, 2016, cash and cash equivalents totaled $3.8 million
and the Company had an accumulated deficit of $164.7 million. For
the year and six month periods ended December 31, 2015 and June 30,
2016, the Company incurred net losses of $16.9 million and $9.5
million, respectively. At June 30, 2016, the Company had aggregate
gross interest-bearing indebtedness of approximately $5.0 million,
of which approximately $1.9 million was due within one year in the
absence of subjective acceleration of amounts due under a credit
facility entered into in April 2014 with Oxford Finance LLC, or the
April 2014 Credit Facility, in addition to approximately $2.2
million of other non-interest bearing liabilities. Additionally, in
February 2016, the Company signed a firm, noncancelable, and
unconditional commitment in an aggregate amount of $1,062,500 with
a vendor to purchase certain inventory items, payable in minimum
quarterly installments of $62,500 through May 2020. These factors
raise substantial doubt about the Company's ability to continue as
a going concern.

A copy of the Company's SEC report is available at:

                    https://is.gd/gv9YiI

Biocept, Inc., is a commercial-stage cancer diagnostics company
developing and commercializing proprietary circulating tumor cell,
or CTC, and circulating tumor DNA, or ctDNA, assays utilizing a
standard blood sample to improve the treatment that oncologists
provide to their patients by providing better, more detailed
information on the characteristics of their tumor.



BLUBERI GAMING: Court Dismisses AGS' Bid to Compel Performance
--------------------------------------------------------------
Judge Timothy A. Barnes of the United States Bankruptcy Court for
the Northern District of Illinois, Eastern Division, denied AGS
LLC's Motion to Compel Performance of Bluberi Gaming Technologies
Inc., finding that AGS has failed to establish a contractual right
to the performance it seeks under Section 365(n)(4) of the
Bankruptcy Code.

A full-text copy of Judge Barnes' August 4, 2016 memorandum
decision is available at
http://bankrupt.com/misc/ilnb16-05364-111.pdf

                       About Bluberi Gaming

Headquartered in Drummondville, Quebec, Canada, Bluberi Gaming
Technologies Inc., Bluberi Group Inc. and Bluberi USA, Inc., are
engaged in the development, sale and deployment of electronic
gaming machines to various casinos in the United States, the
Caribbean, Latin America, and North America.

Bluberi Gaming, et al., filed Chapter 15 bankruptcy petitions
(Bankr. N.D. Ill. Case Nos. 16-05364, 16-05366 and 16-05367,
respectively) on Feb. 18, 2016, to seek U.S. recognition of their
insolvency proceeding currently pending in Canada.  Judge Timothy
A. Barnes has been assigned the Chapter 15 cases.

Denton US LLP represents Bluberi in the Chapter 15 cases.


BOWLMOR AMF: Moody's Affirms B3 CFR, Outlook Stable
---------------------------------------------------
Moody's Investors Service has affirmed Bowlmor AMF Corp.'s B3
corporate family rating following the proposed transaction. As part
of the rating action, Moody's has assigned a B2 rating to the new
1st lien credit facility which includes a $470 million seven year
term loan and a $30 million five year revolver.  The proposed $130
million 2nd lien term loan was assigned a Caa2 rating.  The
probability of default rating (PDR) was upgraded to B3-PD from
Caa1-PD due to the change to a first and second lien debt structure
from a first lien only structure.  The rating outlook is stable.

The use of proceeds of the financing is to repay $397 million of
existing 1st lien term loan, fund an approximately $172 million
equity repurchase offer, add $10 million of cash to the balance
sheet, and pay transaction fees and expenses.  The ratings on the
existing revolver and 1st lien term loan will be withdrawn upon
repayment.

The financing will increase outstanding debt by $203 million and
cause leverage to increase to 8.2x (including Moody's standard
lease adjustments) from 7x as of the end of March 2016.

Moody's took these rating actions:

Bowlmor AMF Corp.
  Corporate Family Rating, affirmed B3
  Probability of Default Rating, upgraded to B3-PD from Caa1-PD
  Outlook, stable

AMF Bowling Centers, Inc.,
  $30 million 1st lien Revolving Credit Facility due 2021,
   Assigned B2, LGD3
  $470 million 1st lien term loan due 2023, Assigned B2, LGD3
  $130 million 2nd lien term loan due 2024, Assigned Caa2, LGD5
  Outlook, stable

The assigned ratings are subject to review of final documentation
and no material change in the terms and conditions of the
transaction as provided to Moody's.

                        RATINGS RATIONALE

Bowlmor AMF's B3 CFR reflects the high pro-forma leverage and the
pre-acquisition bankruptcy filings of AMF Bowling Worldwide, Inc.
in 2001 and 2012.  Leverage is high at 8.2x (including Moody's
standard adjustments that capitalize the net present value of
future minimum lease commitments) or 7.1x excluding lease
adjustments.  The sensitivity to the economy for leisure bowlers is
also reflected in the rating.  The ratings receive support from the
strong management team and substantial cost savings achieved over
the past several years as well as positive comparable center
growth.  Bowlmor has had success increasing higher margin casual
bowlers which are likely to spend more than traditional league
bowlers.  Management has also shown good discipline with their
discount policy and has grown revenue in its group events and
private parties business.  Substantial capital expenditures to
upgrade current locations have also contributed to growth and are
expected to continue going forward.  Moody's anticipates leverage
to decline going forward from modest revenue growth and good cost
management that will lead to further improvement in EBITDA levels.

Moody's anticipates that Bowlmor AMF will have good liquidity over
the next 12 months, supported by approximately $76 million of cash
pro-forma for the transaction and an undrawn $30 million revolver.
Moody's expects the company to generate modest amounts of free cash
flow over the projection period as a significant amount is
anticipated to be spent on capex to rebrand and upgrade its
existing centers.  Cash flow will also be very seasonal with peak
operations in the company's fiscal 2nd and 3rd quarters (the
quarters ending in December and March).

The term loans and revolver are expected to be subject to a total
leverage test.  The company is projected to spend approximately $50
million a year on capex, but will not be subject to maximum capex
limit as it was in the prior credit agreement.  Bowlmor has the
ability to issue incremental facilities in the amount of $75
million and an unlimited amount as long as pro-forma leverage
levels are equal to or lower than they were at closing.  Moody's
believes that the company may consider additional equity friendly
transactions over time.

The stable outlook reflects Moody's expectation that Bowlmor AMF
will be able to achieve positive organic revenue growth and
operating improvements that will lead to higher EBITDA and a modest
reduction in leverage levels over the rating horizon.

Moody's could upgrade Bowlmor AMF's ratings if leverage were to
decrease below 7.25x (including Moody's lease adjustments) on a
sustainable basis with free cash flow to debt above 2%.  Positive
organic revenue growth with a good liquidity position would also be
required as would confidence that additional debt financed, equity
friendly transaction were not likely.

Moody's could downgrade the company's ratings if performance were
to deteriorate due to poor operational performance or an economic
decline that raised concern about the ability of the company to
service its debt or remain in compliance with its financial
covenants.  A weak liquidity position would also put negative
pressure on the ratings.

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

Bowlmor AMF is a leading bowling center operator in the US with
additional locations in Canada and Mexico.  The company was created
following the acquisition of AMF by Strike Holdings LLC (Bowlmor)
in 2013.  The company acquired 85 bowling centers from Brunswick
Corporation in September 2014.  The combined company operates
bowling centers under the AMF, Brunswick Zone, Brunswick Zone XL,
Brunswick's, Bowlero, and Bowlmor brands.


BOYD GAMING: Moody's Revises Outlook to Positive & Affirms B2 CFR
-----------------------------------------------------------------
Moody's Investors Service revised Boyd Gaming Corporation's rating
outlook to positive from stable.  Boyd's B2 Corporate Family and
B2-PD Probability of Default ratings were affirmed along with the
company's Ba3 bank loan rating, B3 senior unsecured note rating,
and SGL-2 Speculative Grade Liquidity rating.

At the same time, Moody's assigned a Ba3 to Boyd's new
$1.6 billion credit facility comprised of $700 million revolver,
$200 million term loan A and $700 million term loan B-2.  Proceeds
from the new facilities along with about $1 billion of cash will be
used to repay the company's existing term loan A due 2018 (term B
due 2020 will remain in the capital structure) and 9% senior notes
due 2020, fund the acquisition of Aliante Casino + Hotel + Spa,
Cannery Casino Hotel and Eastside Cannery Casino, and repay all of
the outstanding debt located at its wholly-owned Peninsula Gaming,
LLC (Peninsula) subsidiary.  The refinancing will eliminate the
restricted group financing at Peninsula which will then allow Boyd
to incorporate Peninsula's assets into Boyd's restricted group
financing structure.

"The positive rating outlook considers increasing confidence on
Moody's part that Boyd will apply its free cash flow towards debt
repayment with the intention of achieving and maintaining
debt/EBITDA below 5.0 times by the end of fiscal 2017, the targeted
leverage required for Boyd to be considered for a one-notch
upgrade," stated Keith Foley, a Senior Vice President at Moody's.

"The positive outlook also considers the benefits of the proposed
transaction including the elimination of debt scheduled to mature
in 2017 and 2018 at the company's Peninsula subsidiary, the plan to
refinance Boyd's 9% notes due 2020, and the expectation that the
proposed refinancing will lower Boyd's overall cost of debt," added
Foley.

Boyd ratings affirmed:
  Corporate Family Rating, at B2
  Probability of Default Ratings, at B2-PD
  Speculative Grade Liquidity rating, at SGL-2
  $900 million term loan B due 2020, at Ba3(LGD2)
  $750 million 6.875% senior notes due 2023, at B3(LGD5)
  $750 million 6.375% senior notes due 2026, at B3(LGD5)

New ratings assigned to Boyd:
  $700 million revolver -- Ba3(LGD2)
  $200 million term loan A -- Ba3(LGD2)
  $700 million term loan B-2 -- Ba3(LGD2)
  Boyd ratings that will be refinanced and/or withdrawn once the
   proposed transaction closes:
  $600 million revolver due 2018 - Ba3 (LGD2)
  $250 million term loan A due 2018 - Ba3(LGD2)
  $350 million 9% senior notes due 2020 - Ba3 (LGD2)

Peninsula ratings that will be refinanced and/or withdrawn once the
proposed transaction closes:
  Corporate Family Rating - B2
  Probability of Default Ratings - B2-PD
  Stable rating outlook
  $50 million super-priority revolver due 2018 - Ba2 (LGD1)
  $825 million term loan due 2017 - B1 (LGD3)
  $350 million 8.375% senior notes due 2018 - Caa1 (LGD5)

                         RATINGS RATIONALE

Boyd's ratings reflect the company's significant size and
geographic diversification with respect to revenue, earnings, and
number of casino assets along with our expectation that the company
will maintain its positive free cash flow profile.  Moody's stable
Industry Sector Outlook (ISO) for the US Gaming industry also
supports the rating.  Boyd along with other US regional gaming
companies are now seeing the benefits of their lower and more
efficient cost structures as improved operating leverage will
result in a greater contribution to EBITDA from each dollar of
revenue.

Key concerns include Boyd's high leverage, at about 5.7 times on a
pro forma basis.  Additionally, while there have been some recent
improvements in overall gaming demand throughout the US, Boyd and
other U.S. regional gaming operators face casino oversupply
conditions and the resulting cannibalization of customer dollars
that is occurring throughout many US gaming markets.

Boyd's rating could be upgraded if it appears the company will be
able to achieve and maintain debt/EBITDA below 5.0 times.  An
upgrade would also require a continuation of stable gaming revenue
trends along with the maintenance of a good liquidity profile.  A
downgrade could occur if Boyd's debt/EBITDA rises to and stays at
or above 6.25 times for any reason.  The outlook could be revised
back to stable if Boyd announces an acquisition or growth capital
expenditure plan that would delay its ability to reduce debt/EBITDA
below 5.0 times by the end of fiscal 2017.

Boyd owns and operates 21 wholly-owned gaming entertainment
properties in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana
and Mississippi.  In addition, Boyd recently announced that it has
reached agreements to acquire the Aliante Casino + Hotel + Spa,
resort-style casino and hotel located in North Las Vegas, the
Cannery Casino Hotel located in North Las Vegas, and Eastside
Cannery Casino and Hotel located in the eastern part of the Las
Vegas Valley.  Boyd reported consolidated net revenue of about $2.2
billion for the latest 12-month period ended June 30, 2016.

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


CAESARS ENTERTAINMENT: Has $2.04-Bil. Net Loss in June 30 Quarter
-----------------------------------------------------------------
Caesars Entertainment Corporation filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q for the three
months period ended June 30, 2016.

The company posted a net loss of $2.04 billion on $1.23 billion of
net revenues for the three months ended June 30, 2016, compared to
a net income of $50 million on $1.14 billion of net revenues for
the same period in 2015.

For the six months ended June 30, 2016, the Company listed a net
loss of $2.32 billion on $2.40 billion of net revenues, compared to
a net income of $6.85 billion on $2.39 billion of net revenues for
the same period in the prior year.

At June 30, 2016, the company had total assets of $12.12 billion,
total liabilities of $12.21 billion, and total stockholders'
deficit of $96 million.

The company does not believe that the event of default by CEOC
resulting from its bankruptcy filing will directly affect the
liquidity of the Company and its consolidated operating
subsidiaries as of June 30, 2016, due to the absence of
cross-default provisions in the indebtedness issued by other CEC
subsidiaries and a 2014 modification of a parent guarantee.
However, as stated previously, there is substantial doubt as to
CEC's ability to continue as a going concern as they have limited
cash available to meet its financial commitments, primarily
resulting from significant expenditures made to (1) defend the
Company against the matters (2) support CEOC's plan of
reorganization (the "Restructuring"); CEC have made material future
commitments to support the Restructuring; and the Company is a
defendant in litigation, including the Noteholder Disputes, and
other noteholder disputes relating to certain CEOC transactions
dating back to 2010, that if resolved against CEC would raise
substantial doubt about its ability to continue as a going
concern.

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

                    https://is.gd/2NZXhj

                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).



CAMP INTERNATIONAL: S&P Affirms 'B-' CCR; Outlook Stable
--------------------------------------------------------
S&P Global Ratings said it affirmed its 'B-' corporate credit
rating on Merrimack, N.H.-based CAMP International Holding Co.  The
outlook is stable.

At the same time, S&P assigned its 'B-' issue-level rating and '3'
recovery rating to the company's proposed $529 million first-lien
term loan and $40 million first-lien revolver.  The '3' recovery
rating indicates S&P's expectation for meaningful (50% to 70%;
higher end of the range) recovery for lenders in the event of a
payment default.  S&P also assigned its 'CCC' issue-level rating
and '6' recovery rating to its $188 million second-lien term loan.
The '6' recovery rating indicates S&P's expectation for negligible
(0% to 10%) recovery for lenders in the event of a payment
default.

"The rating affirmation reflects CAMP's ability to absorb the
additional cash interest payments under the new capital structure
without meaningfully impairing its financial risk profile," said
S&P Global Ratings credit analyst Kenneth Fleming.

It also reflects S&P's expectation for continued growth in EBITDA
based on recent acquisitions and a new long-term exclusive contract
with business jet manufacturer Gulfstream, which should enable CAMP
to delever over time.

The stable outlook reflects S&P's view that the company's recurring
and predictable revenue base should result in sufficient cash flow
from operations to meet its debt service payments and reduce
leverage over time primarily through EBITDA expansion.


CANEJAS SE: Disclosure Statement Hearing Set for Sept. 7
--------------------------------------------------------
The Hon. Mildred Caban Flores scheduled a hearing to approve the
disclosure statement explaining the Chapter 11 Plan for Canejas
S.E. for Sept. 7, 2016 at 9:00 a.m.

Objections to the form and content of the disclosure statement are
due 14 days prior to the hearing.  Objections not timely filed and
served will be deemed waived.

As reported by the Troubled Company Reporter on July 25, 2016,
Canejas S.E. proposes to pay all its creditors in full, according
to a Chapter 11 plan of reorganization it filed with the U.S.
Bankruptcy Court for the District of Puerto Rico.  The
restructuring plan filed on July 19, 2016, provides for a 100%
payment to all creditors of Canejas, including its general
unsecured creditors in Class 5 which, together, assert $79,590 in
claims.

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

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

                       About Canejas S.E.

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


CITY SPORTS: Court Reclassifies Gift Card Claim as Gen. Unsecured
-----------------------------------------------------------------
Judge Kevin Gross of the United States Bankruptcy Court for the
District of Delaware granted City Sports, Inc., et al.'s objection
that the claim filed by the Commonwealth of Massachusetts is
misclassified as a priority unsecured claim.  The claim will be
classified as a general unsecured claim.

The claim was filed by the Commonwealth for unredeemed gift cards
issued by City Sports, Inc., and City Sports-DC, LLC.  The
Commonwealth sought priority status on the claim under Bankruptcy
Code section 507(a)(7).

The debtors contended that unredeemed gift cards are entitled only
to general unsecured claim status and objected to the Claim in its
entirety on two grounds: (1) the Claim is misclassified as a
priority unsecured claim pursuant to section 507(a)(7), and (2) it
is not supported by the the debtors’ books and records.

A full-text copy of Judge Gross' August 4, 2016 order is available
at http://bankrupt.com/misc/deb15-12054-794.pdf

                    About City Sports

City Sports, Inc., and City Sports-DC, LLC, filed Chapter 11
bankruptcy petitions (Bankr. D. Del. Case Nos. 15-12054 and
15-12056, respectively) on Oct. 5, 2015.  Andrew W. Almquist
signed the petition as senior vice president and chief financial
officer.

The Debtors estimated both assets and liabilities of $10 million
to $50 million.  The Debtors have engaged DLA Piper LLP (US) as
counsel and FTI Consulting, Inc., as financial and restructuring
advisor.

The Company is a Boston-based specialty sports retailer that offers
performance footwear, athletic apparel, and equipment from leading
brands as well as the Company's own "CS by City Sports" line for
running, fitness, swimming, cycling, tennis, yoga and team sports.


CITY SPORTS: Gift Card Holders Lack Priority Status, Judge Says
---------------------------------------------------------------
Matt Chiappardi, writing for Bankruptcy Law360, reported that a
Delaware Bankruptcy Judge Kevin Gross ruled Aug. 4, 2016, that
customers with gift cards for liquidated sporting goods retailer
City Sports simply have an aggregate of $1.2 million in general
unsecured claims and not higher priority claims that should be paid
out earlier as the Massachusetts Attorney General's Office had
argued.  In a 25-page opinion, Judge Gross said that the section of
the Bankruptcy Code that Massachusetts argues gives unredeemed gift
cards priority status, Section 507(a)(7), is not intended to
protect consumers with the cards.

                    About City Sports

City Sports, Inc., and City Sports-DC, LLC, filed Chapter 11
bankruptcy petitions (Bankr. D. Del. Case Nos. 15-12054 and
15-12056, respectively) on Oct. 5, 2015.  Andrew W. Almquist
signed the petition as senior vice president and chief financial
officer.

The Debtors estimated both assets and liabilities of $10 million
to $50 million.  The Debtors have engaged DLA Piper LLP (US) as
counsel and FTI Consulting, Inc., as financial and restructuring
advisor.

The Company is a Boston-based specialty sports retailer that
offers performance footwear, athletic apparel, and equipment from
leading brands as well as the Company's own "CS by City Sports"
line for running, fitness, swimming, cycling, tennis, yoga and team
sports.

In 2015, a joint venture between Hilco Merchant Resources LLC and
Gordon Brothers Retail Partners LLC won the bidding for City Sports
stores.  Te Company's 26 stores were liquidated.


COMMUNITY HEALTH: S&P Lowers CCR to 'B', Outlook Stable
-------------------------------------------------------
S&P Global Ratings lowered its corporate credit rating on
acute-care hospital operator Community Health Systems Inc. to 'B'
from 'B+'.  The outlook is stable.

At the same time, S&P lowered its rating on the company's secured
debt to 'BB-' from 'BB'.  S&P's recovery rating on this debt
remains '1', indicating its expectation for very high (90%-100%)
recovery for lenders in the event of payment default.  S&P also
lowered its rating on the company's unsecured debt to 'CCC+' from
'B-'.  S&P's recovery rating on this debt remains '6', indicating
its expectation for negligible (0%-10%) recovery for lenders in the
event of payment default.

"The rating action on Community Health follows several quarters of
operating underperformance, reflecting slower-than-expected volume
growth at facilities acquired from Health Management Associates
(HMA) in 2014 and increasing expenses that has resulted in elevated
leverage metrics," said S&P Global Ratings credit analyst Shannan
Murphy.  In response to operating pressures and industry trends,
the company has begun to rationalize its hospital portfolio to
focus on a smaller number of markets where its competitive position
should allow it to generate stronger returns. While this strategy
will likely help the company reduce debt and position Community for
stronger long-term growth, S&P believes that asset sales are
unlikely to result in significant deleveraging over the next year.
At the same time, the company is also focused on improving volumes
and productivity in its remaining markets, including assets
acquired from HMA that continue to meaningfully underperform both
the industry and Community's legacy operations.  For this reason,
S&P believes that execution risk is likely to remain elevated over
the next few years.

The stable outlook reflects S&P's view that Community's ongoing
operating challenges will take some time to resolve, as well as
S&P's expectation that leverage is likely to remain above 6x over
the next few years, even after incorporating S&P's assessment that
the company will likely generate some asset sale proceeds to repay
debt.  It also reflects S&P's belief that the company will generate
modestly positive recurring free cash flow, aided by stabilizing
EBITDA margins and lower capital spending following recent asset
sales.

S&P could lower the rating if the company is unable to stabilize
its hospital portfolio, resulting in further market share erosion
and declining EBITDA margins that lead to persistent cash flow
deficits.  In S&P's view, cash flow would be imperiled if margins
decline a further 100 to 200 basis points from current run-rate
levels.

A higher rating would require the company to generate substantial,
steady free operating cash flow equivalent to about 5% of
outstanding funded debt.  Given recent operating performance and
the company's transitioning business strategy, S&P would need to
see several quarters of consistent progress before considering a
higher rating.


COMPASSIONATE HEALTH CARE: Asks Court to Approve Plan Disclosures
-----------------------------------------------------------------
Compassionate Health Care Inc. A Home Health Agency, the Plan
Proponent, having filed a Chapter 11 Small Business Disclosure
Statement and/or Plan, asks the U.S. Bankruptcy Court to enter an
order finding that the Plan itself provides adequate information
and that a separate disclosure statement is not necessary and
approving the Disclosure Statement submitted on standard forms.

The Plan Proponent also asks the Court to conditionally approve the
Disclosure Statement and schedule a combined hearing for final
approval of the Disclosure Statement and confirmation of the Plan.

Attorney for Plan Proponent:

     Nella M. Bloom, Esq.
     Thomas D. Bielli, Esq.
     David M. Klauder, Esq.
     Bielli & Klauder, LLC
     1500 Walnut Street, Suite 900
     Philadelphia, PA 19102
     Telephone: 267-630-2466
     Facsimile: 215-754-4177

           About Compassionate Health Care

Compassionate Health Care Inc. A Home Health Agency sought
protection under Chapter 11 of the (Bankr. D.N.J. Case No.
16-12166) on February 5, 2016. The Debtor tapped Nella M. Bloom,
Esq. of Bloom & Bloom, LLC, as its counsel.


CROFCHICK REALTY: Pennsylvania Revenue Dept. Objects to Plan
------------------------------------------------------------
Commonwealth of Pennsylvania, Department of Revenue, filed with the
U.S. Bankruptcy Court for the Middle District of Pennsylvania an
objection to the Disclosure Statement dated June 22, 2016, and the
Chapter 11 Plan of Reorganization dated May 23, 2016, filed by
Crofchick Realty, LLC.

A hearing on the Plan Objection is set for Aug. 30, 2016, at 9:30
a.m.

The Department claims that the Disclosure Statement does not
contain adequate information for the Department and other creditors
to make an intelligent and informed judgment as to whether to
accept or reject the Plan.  According to the Department, the
Disclosure Statement is devoid of information regarding the
Debtor's delinquent Pennsylvania tax filing obligations and any
statement on the Debtor and its members becoming current with these
obligations.

On Sept. 11, 2015, the Department filed its Pre-Petition Proof of
Claim (No. 2-1) against the Debtor for the amount of $2,296.33:
Unsecured Priority Claim ($2,116.33) for Corporation Tax for the
2006 through 2014 tax years; and Unsecured Nonpriority Claim
($180.00) for the 2006 through 2014 tax years.

On April 1, 2016, the Department filed its Administrative Claim
(No. 4-1)against the Debtor for the amount of $260.90 for CT for
the 2015 tax year.

The amounts set forth for the Debtor's CT claims are estimated as
the Debtor has not filed the CT returns for these tax years at the
time the Proof of Claim was filed.  The Department used estimated
CT liabilities for these tax years protect its interests.  The
statute allows the Department to estimate the CT liabilities when a
taxpayer has not filed its CT returns.

The Department's records show that the Debtor has not filed CT
returns for the 2004 through current tax years.  The Debtor has
also not filed Pennsylvania S Corporation/Partnership Information
returns (Form PA-20S/PA-65) for the 2004 through current tax
years.

The Department's records show that the Debtor filed Inactive CT
returns for the 2004 through 2014 tax years.  All these inactive CT
returns were incorrectly filed.

The Debtor is not an inactive entity for purposes of Pennsylvania
CT taxation as it has owned real estate since 2003 and was required
to file PA CT returns.  Reference should be made to PNC Bank's
Proof of Claim No. 5-1 which verifies the Debtor has owned real
estate since Dec. 31, 2013; Schedule A - Real Property where the
Debtor lists Fee Simple Ownership of real property valued at
$154,860; and Article II.D. and Exhibit B of the Disclosure
Statement where it statues the Debtor owns real estate.

Because it appears that the Debtor may be a pass-through entity and
all its income is taxed at the personal income tax level, the
Debtor's members are required to report and pay Pennsylvania
Personal Income Tax (at the 3.07 % tax rate) on all the Debtor's
income which was passed through to them.  (This pass through
results in a huge reduction in the tax rate from 9.99% to 3.07 %.)
Considering the fact that the Debtor may be a pass through entity,
the Debtor's members are required to stay current with the filing
of their PIT returns The Department's records show that the
Debtor's members have not filed their PIT returns for the 2010,
2011, 2014, and 2015 tax years.  The Debtor's counsel have been
informed of these filing delinquencies.

The Department is not able to file correct and complete
pre-petition and post-petition proofs of claim as the Debtor has
delinquent CT, Form PA-205/PA65 returns, and has not provided all
the required information for the Department to correctly determine
the Debtor's tax liabilities for these delinquent tax returns.
Consequently, any numbers being used by the Debtor to determine its
obligations to pay Unsecured Priority and Unsecured Nonpriority
Claims will not be correct as the Department cannot finalize its
Unsecured Priority and Unsecured Nonpriority Claims because of
these delinquent tax returns.  The fact that the Debtor's members
have failed to stay current with their PIT filings begs the
question whether the Debtor will be able to file any of these
delinquent tax returns and stay current with all its post-petition
filings.  This concern would also extend to whether any confirmed
plan can be completed.

Because the Debtor has not filed all its delinquent tax returns,
the Department is not able to file a correct and complete Unsecured
Priority Claim.

The Plan also has not established any Administrative Bar date for
filing administrative claims.  The Plan does not provide for the
payment of the Department's Administrative Claim on the effective
of the Plan.  The Department does not agree to a different
treatment.

The Plan fails to provide specific language that the Debtor will
remain current on the filing of all post-petition/post-confirmation
returns and payment of the post-petition/postconfirmation taxes.  

The Department can be reached at:

     Christos A. Katsaounis, Esq.
     Senior Counsel
     PA Department of Revenue
     Office of Chief Counsel
     P.O. Box 281061
     Harrisburg, PA 17128-1061
     Tel: (717) 346-4643
     Fax: (717) 772-1459
     E-mail: ckatsaouni@state.pa.us

Crofchick Realty, LLC, filed for Chapter 11 bankruptcy protection
(Bankr. M.D. Pa. Case No. 15-03724) on Aug. 30, 2015.  Tullio
DeLuca, Esq., serves as the Debtor's bankruptcy counsel.


DAYTON POWER: S&P Retains 'BB' ICR on CreditWatch Negative
----------------------------------------------------------
S&P Global Ratings assigned its 'BBB-' issue rating to Dayton Power
& Light Co.'s announced offering of $445 million senior secured
notes and placed the rating on CreditWatch with negative
implications.  The recovery rating on this debt is '1', indicating
expectations of very high (90%-100%) recovery in a payment
default.

S&P's 'BB' issuer credit rating on Dayton Power & Light Co. and its
parent, DPL Inc., remain on CreditWatch, where S&P placed them with
negative implications on June 27, 2016.

The 'BBB-' issue rating for DP&L's proposed $445 million of senior
secured note offering and '1' recovery rating indicates
expectations of very high (90%-100%) recovery, reflecting
collateral coverage of about 144% based on the value of the
regulated assets.

The CreditWatch listing on the issuer credit ratings is based on
the Ohio Supreme Court's opinion that reverses the Public Utilities
Commission of Ohio's (PUCO) approval of DP&L's non-bypassable SSR.
Under the current SSR, the company was permitted to collect about
$110 million per year from 2014 to 2016.  The Ohio Supreme Court's
opinion increases the likelihood of a weaker financial risk
profile, reflecting weaker financial measures for DPL and DP&L that
could result in a ratings downgrade.

"We will resolve the CreditWatch listing depending on the responses
of the PUCO and the company to the Ohio Supreme Court's reversal,"
said S&P Global Ratings credit analyst Obioma Ugboaja.


DPA INVESTORS: $3.23M Sale to Pay Creditors in Full
---------------------------------------------------
D.P.A Investors, LLC, asks the U.S. Bankruptcy Court for the
Central District of California, San Fernando Valley Division, to
authorize the sale of residential real property located at 23476
Palms Drive, CA, to Singh Family Trust for $3,225,000.

The Property is encumbered by a Deed of Trust securing a promisory
note in the original amount of $2,450,000 which resulted from a
refinance of the Property in August 2015 by SGFC, LLC.

The Debtor employed Marc and Rory Shevin of Berkshire Hathaway Home
Services on May 6, 2016 to assist with the marketing of the
Property. Their employment was approved by Order on May 26, 2016.
The brokerage commission which was approved was 4.5% of the sales
price.

The broker has actively marketed the Property, including listing
the same in the Multiple Listing Service. As a result of the
broker's efforts, the Debtor has received an offer from the buyer.

A true and correct copy of the California Residential Purchase
Agreement And Escrow Instructions ("Agreement") attached to the
Motion is available for free at:

     http://bankrupt.com/misc/DPA_Investors_49_Sales.pdf

The purchase price of $3,225,000, all cash at closing, is
sufficient to pay, in full, the costs of sale, the secured
creditors, unsecured creditors and Chapter 11 administrative claims
(professional fees, Court costs and fess owing to the Office of the
United States Trustee) and return significant equity to the Debtor.
As such, the Debtor does not intend to solicit overbids since a
higher purchase price will have no effect on creditors since all
will be paid in full.

The approximate monies proposed to be paid though escrow from the
sale proceeds, which will pay in full all liens against the
Property and costs of sales, are as follows:

     1. Payoff of 1st Trust Deed: $2,783,767
     2. Real Property Taxes: $44,000
     3. Costs of Sale: $10,000
     4. Brokerage Commission: $135,000
     5. Homeowner Assoc. Fees: $3,000

        Paid Through Escrow: $2,975,767
        Approximate Net Proceeds: $349,233

The net proceeds from the sale which, upon close of escrow, will be
deposited in the client trust account of Greenberg & Bass, LLP,
Debtor's counsel.

In addition to the proof of claim filed by the Los Angeles County
Tax Collector, the Franchise Tax Board filed Claim No. 2 for $1,733
("FTB Claim"). No other claims have been filed.

The Debtor scheduled four general unsecured claims as follows:

     1. Bubble: $23,450
     2. Kaaya: $31,400
     3. Liskara: $13,450
     4. Capital Bank: $3,595

All of these claims, except Capital Banks' have been acquired by a
related third party who has agreed to waive any distribution from
the bankruptcy case.

The Debtor employed G&B pursuant to an application file April 28,
2016 and Order entered May 26, 2016.  Pursuant to the application,
the Debtor and G&B agreed to a flat fee of $85,000 for services
rendered as counsel to the Debtor, however the Court retained the
right to determine the fee award to G&B notwithstanding said
agreement.

Based upon the foregoing, the Debtor is requesting authority for
G&B to do the following with respect to the net proceeds deposited
in its client trust account from the sale:

   1. Pay the claim of the FTB in the amount as filed.

   2. Pay the claim of Capital bank in the amount as scheduled.

   3. Retain the sum of $85,000 in its client trust account for its
fees, with the same not to be disbursed without further order of
the Court or agreement between G&B and the Debtor. The Court will
retain jurisdiction with respect to the fees of G&B following
dismissal.

   4. Pay the amounts owing to the OUST and Court costs.

   5. Pay the balance to the Debtor.

Upon payment of the amounts G&B will file declaration with the
Court setting forth that all of the amounts have been paid and
concurrently therewith lodge an Order dismissing the Chapter 11
case.

The Debtor believes that the sale and dismissal as provided is
appropriate and in the best interest of creditors and the estate
and should be approved.

The Debtor's counsel can be reached at:

         James R. Felton, Esq.
         Robert D. Bass, Esq.
         GREENBERG & BASS LLP
         16000 Ventura Blvd. Suite 1000
         Encino, CA 91436
         Telephone: (818) 382-6200
         Facsimile: (818) 986-6534
         E-mail: jfelton@greenbass.com
                 rbass@greenbass.com

                    About D.P.A. Investors

D.P.A. Investors, LLC sought the Chapter 11 protection (Bankr. C.D.
Cal. Case No. 16-11263) on April 27, 2016.  Judge Victoria S.
Kaufman is assigned to the case.  The Debtor estimated assets and
liabilities in the range of $1 million to $10 million.  Robert D
Bass, Esq. at Greenberg & Bass LLP serves as the Debtor's counsel.
The petition was signed by Parvin Anand, managing member.



ECHOSTAR BROADBAND: S&P Lowers Issuer Credit Ratings to B+
----------------------------------------------------------
S&P Global Ratings downgraded the long term foreign and
local issuer credit ratings of Echostar Broadband Corp to B+ from
BB- on Aug. 2, 2016.



EMERALD OIL: Exclusive Period to File Plan Extended to Dec. 19
--------------------------------------------------------------
The Honorable Kevin Gross of the U.S. Bankruptcy Court for the
District of Delaware has extended the periods during which Emerald
Oil, Inc., et al., have the exclusive right to file a Chapter 11
plan by approximately 150 days, through and including Dec. 19,
2016, and solicit votes accepting or rejecting a plan by three
months, through and including Feb. 15, 2017.

As reported earlier by the Troubled Company Reporter, the Debtors
asked the Court to extend its exclusive periods by approximately
150 days so as to afford the Debtors and their stakeholders time to
negotiate and confirm a plan, finalize the transactions
contemplated by the plan, and proceed toward liquidation or
emergence in an efficient, organized fashion.  In addition, the
brief extension of the exclusivity periods would also allow the
Debtors to focus on continuing to advance the process and to
preclude the costly disruption and instability that would occur if
competing plans were to be proposed, the Debtors say.

Recently, the previous holders of the Debtors' prepetition and
postpetition secured debt facilities sold their debt holdings to
certain third parties.  Those parties are in the process of
appointing anew agent and other representatives with respect to
their interests and the Debtors' Chapter l1 cases.  This
substitution of the Debtors' fulcrum creditor and only lender
represents an important development in these Chapter 11 cases, and
the Debtors believe certain contingencies exist on account of this
development alone that warrant an extension of the Exclusivity
Periods.  

The Debtor's counsel can be reached at:

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

       -- and --

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

          About Emerald Oil

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

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

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

Judge Kevin Gross has been assigned the cases.

Andrew Vara, acting U.S. trustee for Region 3, appointed seven
creditors of Emerald Oil, Inc., to serve on the official committee
of unsecured creditors.  The Committee retains Whiteford, Taylor &
Preston LLC as Delaware counsel, and Akin Gump Strauss Hauer & Feld
LLP as co-counsel.


ESH HOSPITALITY: S&P Rates Proposed $1.65BB Sr. Facility 'BB+'
--------------------------------------------------------------
S&P Global Ratings said it assigned its 'BB+' issue-level and '1'
recovery rating to Charlotte, N.C.-based Extended Stay America Inc.
subsidiary ESH Hospitality Inc.'s proposed $1.65 billion senior
secured credit facility (consisting of a $350 million revolver due
2021 and a $1.3 billion term loan due 2023).  The '1' recovery
rating reflects S&P's expectation for very high (90% to 100%)
recovery for lenders in the event of a default.  The company will
use the proceeds to repay in full its $1.5 billion mortgage loan.

The 'BB-' corporate credit rating on Extended Stay is unchanged.
The outlook is stable.

The 'BB-' issue-level rating and '3' recovery rating on ESH
Hospitality Inc.'s $1.3 billion 5.25% senior unsecured notes due
2025 are also unchanged.  The '3' recovery rating indicates S&P's
expectation for meaningful (50% to 70%; upper half of the range)
recovery for lenders in the event of a default.

"The ratings reflect our expectation for anticipated improvement in
operating performance that enables the company to sustain total
adjusted debt to EBITDA below 5x and FFO to total adjusted debt
above 12% through 2017," said S&P Global Ratings credit analyst
Daniel Pianki.

Despite the slowdown in U.S. revenue per available room (RevPAR) in
the first half of 2016, and S&P's lowered base-case U.S. RevPAR
forecast to a range of 2% to 4% (from 3% to 5%), S&P expects a
continuation of good operating fundamentals in the lodging industry
and expected returns from renovation capital spending at Extended
Stay will drive a moderate increase in revenue and EBITDA in 2017,
resulting in a good cushion through 2017 compared to S&P's 5x
adjusted debt to EBITDA and 12% FFO to total debt thresholds at
which S&P could lower ratings.  Specifically, S&P expects adjusted
debt to EBITDA to be in the mid-4x area in 2016 and to improve to
around 4x in 2017 and for FFO to adjusted debt to be in the
mid-teens percentage area over the same periods, in line with S&P's
aggressive financial risk assessment.

The stable outlook reflects S&P's expectation for sustained
improvement in operating performance that enables the company to
maintain a good cushion compared to total adjusted debt to EBITDA
below 5x and FFO to total adjusted debt above 12% thresholds over
the next two years.  In addition, S&P expects EBITDA coverage of
interest expense to remain good, above 4.5x, over the same period.



EXCO RESOURCES: Incurs $111.35-Mil. Net Loss in Q2 Ended in June
----------------------------------------------------------------
EXCO Resources, Inc., filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net loss of $111.35 million on $54.22 million of total revenues for
the three months ended June 30, 2016, compared to net loss of
$454.15 million on $93.74 million of total revenues for the same
period in 2015.

For the six months ended June 30, 2016, the Company listed a net
loss of $241.49 million on $105.87 million of total revenues,
compared to a net loss of $772.27 million on $180.06 million of
total revenues for the same period in the prior year.

As of June 30, 2016, EXCO Resources had $720.44 million in total
assets, $288.25 million in total current liabilities, 1.27 billion
in long-term debt, $747,00 in deferred income taxes, $2.33 million
derivative financial instruments, $44.87 million in asset
retirement obligations and other long-term liabilities, and a total
stockholders' equity of -$890.20 million.

As part of the Company's comprehensive restructuring program, on
July 27, 2016, they announced a commencement of a cash tender offer
for their outstanding senior unsecured notes up to a maximum
combined aggregate price paid of $40.0 million. If the Company is
successful in the Tender Offer, the purchases are expected to be
funded primarily with the borrowings under the EXCO Resources
Credit Agreement. There can be no assurances regarding the success
or extent of the purchases of the senior unsecured notes as part of
the Tender Offer process. Furthermore, the next borrowing base
redetermination under the EXCO Resources Credit Agreement is
scheduled to occur on or about September 1, 2016. The lenders party
to the EXCO Resources Credit Agreement have considerable discretion
in setting its borrowing base, and the Company is unable to predict
the outcome of any future redeterminations.

The Company is required to maintain a consolidated current ratio
(as defined in the EXCO Resources Credit Agreement) of at least 1.0
to 1.0 as of the end of any fiscal quarter, which includes unused
commitments in the definition of consolidated current assets. The
inclusion of the unused commitments has historically allowed the
Company to maintain compliance with the consolidated current ratio
covenant under the EXCO Resources Credit Agreement. Therefore, the
reduction in unused commitments as a result of borrowings to fund
the Tender Offer or further reductions to Company's borrowing base
as part of the upcoming redetermination process would negatively
impact its consolidated current ratio and liquidity.

As a result of the impact of the aforementioned factors on the
Company's financial results and condition, EXCO Resources
anticipates that they will not meet the minimum requirement under
the current ratio for the twelve-month period following the date of
these Condensed Consolidated Financial Statements. The Company
expect to maintain compliance with the minimum requirements for the
financial covenants in the EXCO Resources Credit Agreement related
to the ratio of consolidated EBITDAX to consolidated interest
expense ("Interest Coverage Ratio") and the ratio of senior secured
indebtedness to consolidated EBITDAX ("Senior Secured Indebtedness
Ratio") for the twelve-month period following the date of these
Condensed Consolidated Financial Statements. If they are not able
to meet their debt covenants in future periods, they may be
required, but unable, to refinance all or part of its existing
debt, seek covenant relief from their lenders, sell assets, incur
additional indebtedness, or issue equity on terms acceptable to
them, if at all, and may be required to surrender assets pursuant
to the security provisions of the EXCO Resources Credit Agreement.
Therefore, the Company's ability to continue its planned principal
business operations would be dependent on the actions of its
lenders or obtaining additional debt and/or equity financing to
repay outstanding indebtedness under the EXCO Resources Credit
Agreement. These factors raise substantial doubt about the
Company's ability to continue as a going concern.

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

                     https://is.gd/gUnndg

EXCO Resources, Inc., is a Dallas-based oil and natural gas company
engaged in the exploration, acquisition, development and production
of onshore U.S. oil and natural gas properties with a focus on
shale resource plays.



FAIRYTALE DAY CARE: Disclosures OK'd; Plan Hearing on Sept. 21
--------------------------------------------------------------
The Hon. Carla E. Craig of the U.S. Bankruptcy Court for the
Eastern District of New York has approved Fairytale Day Care,
Inc.'s first amended disclosure statement.

A hearing will be held on Sept. 21, 2016, at 2:00 p.m. for
confirmation of the First Amended Plan.  Objections to the
confirmation of the Plan must be filed by Sept. 14, 2016.

As reported by the Troubled Company Reporter on July 15, 2016, the
Debtor filed with the Court its First Amended Disclosure Statement,
proposing to pay general unsecured creditors a 10% dividend of
their allowed claims in 24 equal monthly installments.

All ballots voting in favor of or against the Plan must be
submitted by Sept. 9, 2016, at 4:00 p.m.  

The counsel for the Debtors will file a ballot tally and an
affidavit and brief in support of confirmation by Sept. 14, 2016,
at 12:00 p.m.

Fairytale Day Care, Inc., filed a Chapter 11 Petition on May 29,
2015 (Bankr. E.D.N.Y. Case No. 15-42535), and is represented by
Alla Kachan, Esq., at the Law Offices of Alla Kachan, P.C.


FAMILY AUTO: Plan, Disclosures Approval Hearing on Sept. 16
-----------------------------------------------------------
The U.S. Bankruptcy Court for the District of New Jersey
conditionally approves the Disclosure Statement filed by the Family
Auto Center LLC.

The Court has fixed Sept. 8, 2016 as the last day for filing and
serving written objections to the Disclosure Statement and
confirmation of the Plan, and as the last day for filing written
acceptances or rejections of the Plan.

A hearing will be held on Sept. 16, 2016 at 2:00 p.m. for the final
approval of the Disclosure Statement and for confirmation of the
Plan.

         About Family Auto

Family Auto Center, LLC, sought protection under Chapter 11 of the
(Bankr. D.N.J. Case No. 16-10269) on January 7, 2015. The Debtor
tapped Mark K. Smith, Esq. of Law Offices of Mark K. Smith, LLC, as
its counsel.


FIRST EVANGELIST: Taps Residential Appraisal Resource as Appraiser
------------------------------------------------------------------
First Evangelist Housing and Community Development Corporation of
New Orleans seeks authorization from the U.S. Bankruptcy Court for
the Eastern District of Louisiana to employ Sean Freeman with
Residential Appraisal Resource as Appraiser.

The Debtor said Residential Appraisal Resource's services are
necessary to appraise two of the Debtor's properties located at
2901-03 Josephine Street, New Orleans, Louisiana 70113, and 1804-06
Willow Street, New Orleans, Louisiana 70113.

The professional services that Sean Freeman will perform consist of
the inspection and appraisal of two of the debtor's properties that
it will operate post-confirmation.

Residential Appraisal Resource has advised that the fee for his
inspection and report will cost $400.00 per appraisal.

Sean Freeman, appraiser of  Residential Appraisal Resource, assured
the Court that the firm does not represent any interest adverse to
the Debtor and its estates.

Residential Appraisal Resource may be reached at:

         Sean Freeman
         Residential Appraisal Resource
         2901-03 Josephine Street
         New Orleans, LA 70113

             About First Evangelist Housing

First Evangelist Housing and Community Development Corp. of New
Orleans sought Chapter 11 protection (Bankr. E. D. La. Case No.
15-12317) on Sept. 9, 2015 in New Orleans.  The case is assigned
to Judge Elizabeth W. Magner.  The Debtor is represented by Darryl
T. Landwehr, Esq.  The Debtor estimated $0 to $50,000 in assets and
$1 million to $10 million in debt.  The petition was signed by
Marion Taylor, director.


FIRST NIAGARA: Fitch Raises Preferred Stock Rating to BB
--------------------------------------------------------
Fitch Ratings upgraded the preferred stock rating of First Niagara
Financial Group Inc to BB from B+ on Aug. 4, 2016.


FLORHAM PARK: Court Extends Plan Filing Period to Dec. 7
--------------------------------------------------------
Honorable John K. Sherwood of the U.S. Bankruptcy Court for the
District of New Jersey extends Florham Park Surgery Center, LLC's
exclusive periods in which to file a chapter 11 plan and to solicit
acceptances of a chapter 11 plan to and including December 7, 2016,
and February 6, 2017, respectively.

The Troubled Company Reporter has earlier reported that the Debtor
asked the Court to extend its exclusive period because it is still
attempting to stabilize operations following the prepetition
mismanagement.  The Debtor has also recently substituted its lead
bankruptcy counsel, and the counsel requires additional time in
which to analyze various restructuring options and negotiate with
creditors.

Florham Park Surgery Center, LLC's Counsel:

     Douglas J. McGill, Esq.
     Michael J. Reynolds, Esq.
     WEBBER MCGILL LLC
     760 Route 10, Suite 104
     Whippany, New Jersey 07981
     Tel: (973) 739-9559
     Fax: (973) 739-9575

           About Florham Park Surgery

Florham Park Surgery Center LLC filed a voluntary Chapter 11
petition (Bankr. D.N.J. Case No. 16-16964) on April 11, 2016 .  The
case is assigned to Judge John K. Sherwood.  The Debtor is
represented by Daniel Stolz, Esq., at Wasserman Jurista & Stolz, in
Basking Ridge, N.J.

The Debtor disclosed estimated assets of between $100,000 to
$500,000 and liabilities of between $1 million to $10 million as of
the Chapter 11 filing.


FRAMINGHAM 300: Disclosures OK'd; Confirmation Hearing on Aug. 25
-----------------------------------------------------------------
The Hon. Christopher J. Panos of the U.S. Bankruptcy Court for the
District of Massachusetts has approved the second amended
disclosure statement with respect to the second amended plan of
reorganization of Framingham 300 Howard, LLC, Forest Street
Building 165, LLC, and East Main Street Building 57, LLC.

The hearing to consider confirmation of the Plan is scheduled for
Aug. 25, 2016, at 2:00 p.m., Eastern Standard Time.  Any objection
to confirmation of the Plan must be filed by than 4:30 p.m.,
Eastern Standard Time, on Aug. 22, 2016.

As reported by the Troubled Company Reporter on July 29, 2016, the
Debtor, along with Forest Street Building 165, LLC, and East Main
Street Building 57, LLC, filed with the Court a Second Amended
Disclosure Statement with respect to the Debtors' Second Amended
Joint Plan of Reorganization, contemplating the sale of the
Debtors' respective properties located at 1 Grant Street,
Framingham, MA, 57 East Main Street, Westborough, MA and 165 Forest
Street, Marlborough, MA.  

Any objection to the assumption and assignment of an unexpired
lease or executory contract, or to a Cure Claim associated
therewith must be filed by 4:30 p.m., Eastern Standard Time, on
Aug. 22, 2016.

All persons and entities entitled to vote on the Plan will deliver
their Ballots by mail, overnight courier, electronic mail, or
facsimile so as to be received by 4:30 p.m., Eastern Standard Time,
on Aug. 19, 2016, to the Debtor's counsel.

                      About Framingham 300

Framingham 300 Howard, LLC, is a Delaware limited liability company
formed in 2007 to own and operate the real property located at 1
Grant Street/290 Howard Street, Framingham, Massachusetts.  The
Debtor has always been in the business of operating 1 Grant Street.
Framingham Triangle, LLC, is the Debtor's sole member.  Kimberly
Depietri and Louise Depietri are the members of Framingham Triangle
and David Depietri is the manager of both the Debtor and Framingham
Triangle.  1 Grant Street is the Debtor's primary asset.

The Debtor filed a Chapter 11 petition (Bankr. D. Mass. Case No.
15-42232) on November 19, 2015, and disclosed $0 to $50,000 in
estimated assets and $1 million to $10 million in estimated debts
at the time of filing.  A list of the Debtor's six largest
unsecured creditors is available for free at:

            http://bankrupt.com/misc/mab15-42232.pdf

                       About Forest Street  

Forest Street Building 165, LLC, owns the commercial real property
located at 165 Forest Street, Marlborough, Massachusetts.  This
property consists of approximately 50,600 square feet.  The Real
Property has four rental units.  South Middlesex Opportunity
Council leases 12,650 square feet, Advanced Math and Science
Academy leases approximately 12,650 square feet and two units are
currently vacant.  T-Mobile is also a lessee on the property with
an antenna on the roof.

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. D.
Mass. Case No. 15-42221) on Nov. 18, 2015, estimating its assets at
between $1 million and $10 million and its liabilities at between
$10 million and $50 million.  The petition was signed by David P.
Depietri, manager.

Judge Christopher J. Panos presides over the case.

John M. McAuliffe, Esq., at McAuliffe & Associates, P.C., serves as
the Debtor's bankruptcy counsel.

                    About East Main Street

Headquartered in Marlborough, Massachusetts, East Main Street
Building 57, LLC, owned the commercial real property located at 57
East Main Street, Westborough, Massachusetts.  This property
consists of approximately 57,000 square feet.  

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. D.
Mass. Case No. 15-42224) on Nov. 18, 2015, estimating its assets at
between $1 million and $10 million and liabilities at between $10
million and $50 million.  The petition was signed by David
Depietri, manager.

Judge Christopher J. Panos presides over the case.

John M. McAuliffe, Esq., at McAuliffe & Associates, P.C., serves as
the Debtor's bankruptcy counsel.


FTI CONSULTING: S&P Raises CCR to 'BB+'; Outlook Stable
-------------------------------------------------------
S&P Global Ratings said that it raised its corporate rating on FTI
Consulting Inc. to 'BB+' from 'BB'.  The rating outlook is stable.


At the same time, S&P raised its issue-level rating on FTI's senior
unsecured notes to 'BB+' from 'BB'.  The recovery rating remains
'3', indicating S&P's expectation for meaningful recovery (50%-70%;
lower half of the range) of principal in the event of a payment
default.

"The upgrade is based on FTI's good operating performance, lower
debt leverage, and our expectation that the company's adjusted debt
leverage will remain comfortably within our 2x-3x leverage
threshold," said S&P Global Ratings credit analyst Andy Liu.  The
company's corporate finance practices have generated very strong
results as oil and gas and retail sectors experience a period of
distress.  Additionally, after some periods of softness, FTI's
economic consulting and strategic communications practices are
growing at very healthy rates, which S&P expects will continue.
However, demand for the company's technology and forensic and
litigations consulting (FLC) practices remains weak.  With several
large projects winding down and continual pricing pressure on
smaller projects, S&P don't expect the technology practice to
turnaround quickly.  Additionally, the demand for the company's FLC
services has remained somewhat soft.  S&P expects that adjusted
debt leverage will remain below 3x over the next two years.  With
its solid operating performance, it's possible that FTI could
expand and accelerate its share repurchase program and perhaps be
slightly more aggressive with acquisitions.  However, S&P doesn't
expect a significant departure from the company's current policy on
debt leverage.

The stable rating outlook is based on S&P's expectation that FTI
will experience modest revenue growth, mainly due to decline at its
technology practice, and its adjusted debt leverage will remain
below 3x.

S&P could lower its corporate credit rating on FTI if the company
adopts a more aggressive financial policy regarding debt-financed
acquisitions or debt-financed share repurchases, such that adjusted
debt leverage increases above 3x.  S&P could also lower the rating
if the technology practice continues to decline, such that it
causes a marked, overall EBITDA decline.

An upgrade is more dependent on an improvement in S&P's view of
FTI's business and competitive position than its adjusted debt
leverage.  Although unlikely, S&P could raise the rating if FTI
profitably grow its various practices in terms of scale and
geography, and the company maintains an adjusted debt leverage of
less than 2x.  Additionally, an upgrade would also depend on FTI
maintaining an EBITDA margin well in excess of 15%--in line with
its rated peers.



GARDA WORLD: S&P Affirms 'B' CCR, Outlook Stable
------------------------------------------------
S&P Global Ratings said it affirmed its 'B' long-term corporate
credit rating on Montreal-based Garda World Security Corp.  The
outlook is stable.

S&P Global Ratings also affirmed its 'B' issue-level rating on the
company's term loans and revolving facilities and its 'CCC+'
issue-level rating on Garda's senior unsecured debt.  The
respective recovery ratings on the debt are unchanged at '3',
indicating meaningful (50%-70%) recovery, and '6', indicating
negligible (0%-10%) recovery in default.

"The affirmation reflects our view that, although Garda's improving
credit ratios are weak for the ratings, the company's improving
ratios and adequate liquidity support the ratings," said S&P Global
Ratings credit analyst Aniki Saha-Yannopoulos.  S&P also expects
Garda's 2017 EBITDA to grow materially following the integration of
its recent acquisitions, without a further increase in debt leading
to lower leverage and stronger coverage ratios, including
EBITDA-to-interest of about 2x.

The company exited fiscal 2016 (year ended Jan. 31) with elevated
leverage due to the combination of debt-financed acquisitions and a
weakening of Canadian dollar that inflates the company's U.S.
dollar-denominated debt.  S&P expects Garda to exit 2017 with
debt-to-EBITDA just below 9x, which remains above S&P's previous
expectations, as the company integrates full-year cash flow from
its acquisitions -- notably Aegis -- improving margins from its
cash services segment, and lower debt from a strengthening Canadian
dollar.  At the same time, S&P expects the company to maintain
sufficient liquidity and cushion under its revolving facility
covenants to comfortably pay its fixed charges without any pressure
on liquidity.

S&P Global Ratings considers the company's business risk profile
satisfactory because, although Garda operates in highly competitive
and fragmented markets, it has good customer and geographic
diversity and a large portion of revenues (about 30%-40%) that are
contracted and recurring.

S&P Global Ratings considers Garda's financial risk profile highly
leveraged, as characterized by the company's financial sponsor
ownership, its policy to fund acquisitions through debt, and S&P's
expectation that Garda will maintain high debt levels.

The stable outlook reflects S&P's expectation that Garda will
demonstrate increased EBITDA from the integration of recent
acquisitions, recurring contracts, and improving profitability
leading to improved leverage.  S&P also believes that the company
will maintain enough liquidity beyond the next 12 months to
comfortably pay its fixed charges wand keeping EBITDA-to-interest
coverage of over 2x.

S&P could lower the ratings if Garda's EBITDA-to-interest coverage
approaches 1.5x.  This could be due to weaker-than-expected
earnings and cash flow resulting from competitive pressures or
operating inefficiencies, or higher interest costs related to
increasing debt levels.  In addition, S&P could lower the rating
should Garda become liquidity-constrained, with headroom under its
leverage covenant of below 10% that could limit the company's
availability under its revolving facility.

S&P could upgrade Garda should its credit metrics strengthen and
S&P believes it is committed to keeping adjusted debt-to-EBITDA
close to 5x while maintaining adequate liquidity.  At the same
time, S&P would expect the company to sustain its current business
risk profile and improve its EBITDA margin to levels in line with
industry peers' average profitability.


GARY ROLAND: Debtor's Sister to Contribute $10,000 to Fund Plan
---------------------------------------------------------------
Gary D. Roland and Renee A. Roland filed with the Bankruptcy Court
for the Eastern District of Kentucky on Aug. 2, 2016, their
proposed Second Amended Plan of Reorganization and accompanying
Disclosure Statement.

The Plan provides that the holders of Allowed Unsecured Claims in
Class Nine will receive distribution equal to their respective pro
rata share of the sum of $10,000 contributed by the sister of the
Debtor, Gary Roland.  The sum will be distributed within 30 days
following the Effective Date.

Additionally, the holders of Allowed Unsecured Claims shall receive
their respective pro-rata share of the Debtors' annual Net Cash
Flow, after payments on Administrative Claims and Priority Tax
Claims, over a five-year period from the Effective Date with such
distributions being made annually over five years within 30 days
following the anniversary date of the Effective Date.  Class Nine
is impaired and each holder of an Allowed Unsecured Claim is
entitled to vote to accept or reject the Plan.

On the Petition Date, the Debtors' scheduled Assets of $3,814.928
and Liabilities of
$9,411,687.

A copy of the Disclosure Statement is available at:

          http://bankrupt.com/misc/kyeb14-52221-0500.pdf

Counsel to the Rolands are:

          Taft A. McKinstry, Esq.
          FOWLER BELL PLLC
          300 West Vine Street, Suite 600
          Lexington, KY 40507-1660
          Telephone: 859-252-6700
          Facsimile: 859-255-3735
          E-mail: TMcKinstry@FowlerLaw.com

Gary D. Roland and Renee A. Roland filed a Chapter 11 bankruptcy
petition (Bankr. E.D. Ky. Case No. 12-52812) on Nov. 1, 2012.  The
Rolands are married and reside in Lexington, Kentucky.  They own
and manage rental properties for themselves and for third parties.


GAWKER MEDIA: In Settlement Talks with Hulk Hogan
-------------------------------------------------
Lukas I. Alpert, writing for The Wall Street Journal, reported that
Gawker Media Group is engaged in preliminary talks with the former
professional wrestler known as Hulk Hogan to reach a settlement
over a $140 million invasion-of-privacy judgment that forced the
digital media company into bankruptcy, according to two people
familiar with the matter.

According to the report, the talks come a week ahead of a
court-administered auction that will see Gawker's founder, Nick
Denton, lose control of the company he started 14 years ago.

The people familiar with the matter said similar discussions had
taken place throughout the legal process -- sometimes on orders
from a judge and sometimes not -- but had led nowhere, and it was
unclear if the new talks would lead to a settlement, the report
related.

In a statement, Gawker said: "We've been hearing these rumblings
many times over the years when the judge ordered settlement
discussions, and you know where we are now despite that," the
report further related.

                      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.


GLOWPOINT INC: Records $605-K Net Loss in Quarter Ended June 30
---------------------------------------------------------------
Glowpoint, Inc., filed its quarterly report on Form 10-Q,
disclosing a net loss of $605,000 on $5.09 million of revenue for
the three months ended June 30, 2016, compared with a net loss of
$269,000 on $6.53 million of revenue for the same period in 2015.

For the six months ended June 30, 2016, the Company listed a net
loss of $1.32 million on $10.61 million of revenue, compared to a
net loss of $503,000 on $13.69 million of revenue for the same
period in the prior year.

The Company's balance sheet at June 30, 2016, showed $18.59 million
in total assets, $13.03 million in total liabilities, and
stockholders' equity of $5.56 million.

The Company experienced a significant decline in revenue in 2015
(21% decrease from 2014) that has continued into 2016. These
revenue declines are primarily due to net attrition of customers
and lower demand for its services given the competitive environment
and pressure on pricing that currently exists in the industry. As a
result of the Company's declining revenues and Adjusted EBITDA, the
Company breached its debt to Adjusted EBITDA ratio covenant in its
senior credit facility measured as of June 30, 2016. The Company is
currently in discussions with its senior lender with respect to a
possible waiver of the existing default, but no material progress
has been made to date. Even if a waiver is obtained, the Company
anticipates future covenant breaches and reduced cash flow from
operations that will require a restructuring of its debt
obligations and additional capital to fund investments in product
development and sales and marketing as a means to reverse its
revenue trends. These factors raise substantial doubt as to the
Company's ability to continue as a going concern.

A copy of the Form 10-Q is available at:

                         https://is.gd/gVEs8D  
                            
                           About Glowpoint

Glowpoint, Inc., is a managed service provider of video
collaboration and network applications.  The Company's services are
designed to provide a comprehensive suite of automated and
concierge applications to simplify the user experience and expedite
the adoption of video as the primary means of collaboration.  Its
customers include Fortune 1000 companies, along with small and
medium enterprises in a variety of industries.  Glowpoint, Inc.,
market its services globally through a multi-channel sales approach
that includes direct sales and channel partners.  The Company was
formed as a Delaware corporation in May 2000.



GOODRICH PETROLEUM: Has Conditional OK of New Financing Package
---------------------------------------------------------------
Stephanie Gleason, writing for The Wall Street Journal, reported
that Goodrich Petroleum Corp. received conditional approval of a
new $40 million exit financing package, putting the oil and gas
producer back on course to restructure its assets.

According to the report, Judge Marvin Isgur of the U.S. Bankruptcy
Court in Houston approved the financing commitment, conditioned on
Goodrich reaching a deal with unsecured creditors, resolving their
objections, by August 12 at 5 p.m. CT.  If no deal is reached, the
approval will be withdrawn and Judge Isgur will hold a full hearing
on the financing, the report related.

The committee of unsecured creditors had objected specifically to
the fees associated with the financing, adding that the
restructuring agreement Goodrich plans to put forth is both
"coercive" to unsecured creditors and "too rich for other parties,"
the report further related.

Judge Isgur said he agreed with the unsecured creditors' position
on the fees and signaled that he wouldn't approve the financing
unless the objection from unsecured creditors was resolved, the
report said.

Rather than address the fee issue directly, Goodrich is near a deal
with unsecured creditors that involves improved treatment under
Goodrich's bankruptcy-exit plan, in exchange for the committee's
agreement to pull their objection, the report added.

                    About Goodrich Petroleum

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

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

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

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

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


GRAPHIC PACKAGING: Moody's Assigns Ba2 Rating on $300MM Sr. Notes
-----------------------------------------------------------------
Moody's Investors Service assigned a Ba2 rating to Graphic
Packaging International Inc.'s new $300 million senior unsecured
notes due in 2024.  The proceeds from the new notes, along with $5
million cash on balance sheet, will be used to repay $300 million
revolver borrowings as well as to pay fees and expenses related to
the transaction.  The company's Ba1 corporate family rating, Ba1-PD
probability of default rating and other instrument ratings are
unchanged.  The rating outlook is stable.

"Graphic Packaging's existing ratings are unchanged as the
transaction is leverage neutral.  We continue to expect the company
to maintain Moody's adjusted leverage in the low 3 times as
acquisitions support the company's earnings growth by expanding and
realigning its folding carton footprint and increasing its forward
integration," said Moody's analyst, Anastasija Johnson.

Issuer: Graphic Packaging International Inc.

Assignments:
  Senior Unsecured Regular Bond/Debenture, Assigned Ba2 (LGD5)

LGD Adjustment:
  Senior Secured Bank Credit Facility, Adjusted to (LGD2) from
   (LGD3)

                         RATINGS RATIONALE

The Ba1 corporate family rating reflects Graphic Packaging's strong
credit metrics and cash flow generation supported by its
vertically-integrated business model and expanding network of
folding carton converting facilities.  Graphic Packaging is the
larger of the two North American coated unbleached kraft (CUK)
producers and the largest North American coated recycled paperboard
(CRB) producer, benefitting from a strong market presence in a
consolidating industry and exposure to the relatively stable food
and beverage end markets.  Graphic Packaging's EBITDA margin in the
high teens and significant amount of federal net operating loss
carryforwards (NOLs) support strong cash flow generation.  Moody's
expects the company to maintain Moody's adjusted debt/EBITDA in the
low 3 times as it continues to grow earnings through acquisitions,
capacity expansion and operational improvements, which should
offset CRB price declines in 2016.  Moody's expects the company to
maintain good liquidity, supported by cash generation and
availability under its revolver. Graphic Packaging will use the
proceeds from its $300 million note issuance to pay down revolver
borrowings.  Pro forma for the pay down, the company is expected to
have approximately $1.1 billion of availability under its $1.43
billion senior secured revolving credit facility that matures in
October 2019.  Moody's also expects the company to continue to
generate strong cash flow and to manage the pace of share
repurchases and dividends such that its credit metrics will remain
supportive of the Ba1 rating.  The rating is constrained by
expectations of continued acquisitions as well as by the company's
exposure to volatile raw material costs and lags in passing through
cost increases.

The stable ratings outlook reflects expectations that Graphic
Packaging will successfully integrate its recent acquisitions,
manage shareholder returns in line with its leverage targets and
maintain strong credit metrics over the next 12 to 18 months.

For the ratings to be upgraded to the investment grade level the
company's management would need to publicly commit to maintaining
investment-grade financial policies and targets and achieve an
unsecured capital structure.  The company would also need to
maintain debt/EBITDA below 3 times, maintain EBITDA margin above
16% and retained cash flow to debt above 20%.

The ratings could be downgraded if operating performance and credit
metrics deteriorate such as debt/EBITDA rises to 4 times and
retained cash flow to debt falls below 15%.  The ratings could also
be downgraded if the company undertakes a large debt-financed
acquisition or shareholder-friendly actions that significantly
increases its leverage.

The principal methodology used in this rating was Global Paper and
Forest Products Industry published in October 2013.

Headquartered in Atlanta, GA, Graphic Packaging is one of North
America's leading manufacturers of CUK and CRB paperboard packaging
for food, beverages and consumer goods.  Graphic Packaging
generated sales of approximately $4.2 billion for the twelve months
ended June 30, 2016.


GRAPHIC PACKAGING: S&P Rates Proposed $300MM Sr. Notes 'BB+'
------------------------------------------------------------
S&P Global Ratings assigned its 'BB+' issue-level rating and '3'
recovery rating to Atlanta-based Graphic Packaging International
Inc.'s proposed $300 million senior unsecured notes due 2024.  The
'3' recovery rating indicates S&P's expectation for meaningful
(50%-70%; lower half of the range) recovery in the event of a
payment default.

All of S&P's other ratings on Graphic Packaging remain unchanged.

The company will use the proceeds from these notes to pay down the
existing debt on its $1.25 billion revolving credit facility.

S&P's corporate credit rating on Graphic Packaging reflects the
company's established position as the largest manufacturer of
folding cartons in North America (producing approximately 2.5
million tons of coated paperboard annually).  The company benefits
from operating in stable end markets, which include the food,
beverage, and household goods sectors.  S&P expects that Graphic
Packaging's adjusted debt-to-EBITDA metric will remain above 3x
over the next 12 months, which is consistent with S&P's current
rating.

RATINGS LIST

Graphic Packaging International Inc.
Corporate Credit Rating                BB+/Stable/--

Ratings Assigned

Graphic Packaging International Inc.
Prpsd $300M Sr Unsecd Nts Due 2024     BB+
  Recovery Rating                       3L

Ratings Unchanged; Recovery Band Revised
                                        To                 From
Graphic Packaging International Inc.
Senior Unsecured                       BB+                BB+
  Recovery Rating                       3L                 3H


GUP'S HILL PLANTATION: Unsecureds to Recoup 5.5% Under Plan
-----------------------------------------------------------
Gup's Hill Plantation, LLC, filed with the U.S. Bankruptcy Court
for the District of South Carolina a Second Amended Disclosure
Statement and Plan of Reorganization.

General unsecured claims (other than any bifurcated portions of any
secured debts) consist of (1) a Promissory Note in the amount of
$1,039,203.45 held by Kathryn S. Rainsford, ex-spouse of Bettis C.
Rainsford, the sole member and owner of the limited liability
company, (2) three relatively small trade claims.  The Debtor's
Plan provides to pay all allowed unsecured claims in full with
interest at 5.5% or at the contract rate.  The Debtor believes that
in the event of a liquidation of the Debtor's assets, it is
anticipated that there would be insufficient assets outside of the
liens of the secured creditors which could be used to generate
funds to pay general unsecured creditors in full.

As of the Petition Date, the Debtor's scheduled assets total
$6,221,483.

A copy of the Disclosure Statement is available at:

         http://bankrupt.com/misc/scb15-04492-0216.pdf

Gup's Hill Plantation, LLC, owns a hotel called the Edgefield Inn,
commercial and residential real estate properties, and timberland
properties.

Gup's Hill Plantation, LLC -- aka Edgefield Inn, LLC and aka
Rainsford Holdings, LLC -- filed a Chapter 11 petition (Bankr. D.
S.C. Case No. 15-04386) on Aug. 18, 2015.  The Hon. David R. Duncan
presides over the case.  Carl F. Muller, Esq. --
carl@carlmullerlaw.com -- at Carl F. Muller, Attorney At Law, P.A.,
serves as the Debtor's counsel.  The petition was signed by Bettis
C. Rainsford, sole member.


HANCOCK FABRICS: Seeks Exclusivity Extension Thru Dec. 2
--------------------------------------------------------
BankruptcyData.com reported that Hancock Fabrics 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 December 2, 2016 and
February 3, 2017, respectively. The motion explains, "The Debtors
have worked toward winding down their business and affairs by (i)
selling substantially all of their inventory and related assets
through the Auction, (ii) concluding the Store Closing Sales, (iii)
closing the Sale of their IP Assets, (iv) selling the Property, (v)
selling their interest in that certain class action interchange fee
litigation, (vi) negotiating the assumption and assignment of
numerous unexpired leases, and (vii) rejecting other burdensome
executory contracts and unexpired leases. As a result, during the
six-month period since these cases were filed, the Debtors have
sold all or substantially all of their assets, closed their
distribution center, significantly reduced corporate headcount and
are working diligently towards finalizing a plan of liquidation to
distribute the value obtained from these efforts to their various
creditor constituencies and concluding these chapter 11 cases. The
recent accomplishment of these tasks and the near-future closing of
certain sales of particular assets of the Debtors will permit the
Debtors to prepare and solicit support for an appropriate chapter
11 plan within the extended Exclusive Periods requested herein."

The Court scheduled an Aug. 29, 2016 hearing on the motion,
according to the report.

                      About Hancock Fabrics

Hancock Fabrics, Inc., is a specialty fabric retailer operating
stores under the name "Hancock Fabrics".  Hancock has 4,500
full-time and part time employees.  The Baldwyn, Mississippi-based
company is one of the largest fabric retailers in the United
States, operating 260 stores in 37 states as of October 31, 2015
and an internet store under the domain name
http://www.hancockfabrics.com/

Hancock Fabrics, Inc., and six of its affiliates, retailer of
fabric, sewing and accessories, filed Chapter 11 bankruptcy
petitions (Bankr. D. Del. Case Nos. 16-10296 to 16-10302) on Feb.
2, 2016.  Dennis Lyons, the senior vice president and chief
administrative officer, signed the petitions.  Judge Brendan
Linehan Shannon is assigned to the jointly administered cases.

The Debtors have engaged O'Melveny & Myers LLP as general counsel,
Richards, Layton & Finger, P.A., as local counsel, Clear Thinking
Group LLC as financial advisor, Retail Consulting Services, Inc.
d/b/a Real Estate Advisors as real estate advisors and Kurtzman
Carson Consultants, LLC as claims and noticing agent.

The Debtors disclosed total assets of $151.4 million and total
debts of $182.1 million.  The Debtors owe its trade vendors
approximately $21.2 million as of Jan. 31, 2016.

On Feb. 11, 2016, the U.S. Trustee appointed an Official Committee
of Unsecured Creditors.


HARVEST OIL: Aug. 16 Deadline for Plan Confirmation Objections
--------------------------------------------------------------
The U.S. Bankruptcy Court for the Western District of Louisiana has
set Aug. 16, 2016, as the deadline for filing objections to the
confirmation of the Chapter 11 plan of reorganization of Harvest
Oil & Gas, LLC, Saratoga Resources, Inc., The Harvest Group LLC,
Lobo Operating, Inc., and Lobo Resources, Inc.

Aug. 16 is fixed as the last date for filing written acceptances or
rejections of the Plan.

As reported by the Troubled Company Reporter on Aug. 4, 2016, the
U.S. Bankruptcy Court for the Western District of Louisiana is set
to hold a hearing on Aug. 23, 2016, at 1:30 p.m., to consider
approval of the Debtors' Plan.

The Debtors, in conjunction with the Official Committee of
Unsecured Creditors, filed a Joint Plan of Reorganization and
Disclosure Statement.  Under the Plan, each holder of a Class 4 -
General Unsecured Claims -- including deficiency claims of first
lien noteholders and second lien noteholders, residual claims, the
Albrecht claims and any other unsecured claims -- will be paid its
pro rata share of any distributions from the litigation trust on
the terms and in the priority as provided for in Section 6.2 of the
Plan or as otherwise provided therein.  The total estimate of
Allowed General Unsecured Claims is $192 million.  Estimated
percentage recovery of this claim is unknown.

The Disclosure Statement is available at:

         http://bankrupt.com/misc/lawb15-50748-1046.pdf

The Plan was filed by the Debtors' counsel:

     William H. Patrick, III, Esq.
     Cherie Nobles, Esq.
     HELLER, DRAPER, PATRICK, HORN & DABNEY, LLC
     650 Poydras Street, Suite 2500
     New Orleans, LA 70130-6103
     Tel: (504) 5299-3300
     Fax: (504) 299-3399
     E-mail: wpatrick@hellerdraper.com
             cnobles@hellerdraper.com

          -- and --

     Louis M. Phillips, Esq.
     Peter A. Kopfinger, Esq.
     KELLY HART & PITRE
     One American Place
     301 Main Street, Suite 1600
     Baton Rouge, LA 70801-1916
     Tel: (225) 381-9643
     Fax: (225) 336-9763
     E-mail: louis.phillips@kellyhart.com
             peter.kopfinger@kellyhart.com

                     About Saratoga Resources

Saratoga Resources -- http://www.saratogaresources.com/-- is an   
independent exploration and production company with offices in
Houston, Texas and Covington, Louisiana.  Principal holdings cover
approximately 51,500 gross/net acres, mostly held by production,
located in the transitional coastline and protected in-bay
environment on parish and state leases of south Louisiana and in
the shallow Gulf of Mexico Shelf.  Most of the company's large
drilling inventory has multiple pay objectives that range from as
shallow as 1,000 feet to the ultra-deep prospects below 20,000
Feet in water depths ranging from less than 10 feet to a maximum of
approximately 80 feet.  

Saratoga Resources, Inc., Harvest Oil & Gas, LLC, and their
affiliated debtors sought protection under Chapter 11 of the
Bankruptcy Code on June 18, 2015.  The lead case is In re Harvest
Oil & Gas, LLC, Case No. 15-50748 (Bankr. W.D. La.).

The Debtors are represented by William H. Patrick, III, Esq., at
Heller, Draper, Patrick, Horn & Dabney, LLC, in New Orleans,
Louisiana.


HCA INC: Fitch Assigns 'BB+/RR1' Rating to $1BB Sr Secured Notes
----------------------------------------------------------------
Fitch Ratings has assigned a 'BB+/RR1' rating to HCA Inc.'s (HCA)
$1 billion senior secured notes. Fitch expects that the company
will apply the proceeds of the notes to refinance certain existing
term loans of HCA. The Rating Outlook is Stable. The ratings apply
to $31.5 billion of debt outstanding at June 30, 2016.

KEY RATING DRIVERS

Industry-Leading Financial Flexibility: HCA's financial flexibility
has improved significantly in recent years as a result of organic
growth in the business as well as proactive management of the
capital structure. The company has hospital industry-leading
operating margins and generates consistent and ample discretionary
free cash flow (FCF; operating cash flows less capital expenditures
and distributions to minority interests).

Transition to Public Ownership Complete: The sponsors of a 2006 LBO
previously directed HCA's financial strategy, but their ownership
stake decreased steadily following a 2011 IPO and HCA has appointed
six independent members to the 11-member board of directors (BOD),
bringing the total to eight.

More Predictable Capital Deployment: Under the direction of the LBO
sponsors, HCA's ratings were constrained by shareholder-friendly
capital deployment; the company has funded $7.5 billion in special
dividends and several large repurchases of the sponsors' shares
since 2010. Fitch believes HCA will have a more consistent and
predictable approach to funding shareholder payouts under public
ownership and an independent BOD.

Expect Stable Leverage: Fitch forecasts that HCA will produce
discretionary FCF of about $2 billion in 2016, and will prioritize
use of cash for organic investment in the business, acquisitions
and share repurchases. At 3.9x, HCA's gross debt/EBITDA is below
the average of the group of publicly traded hospital companies, and
Fitch does not believe that there is a compelling financial
incentive for HCA to apply cash to debt reduction.

Secular Headwinds to Operating Outlook: Measured by revenues, HCA
is the largest operator of for-profit acute care hospitals in the
country, with a broad geographic footprint. The company benefited
from this favorable operating profile during a period of several
years of weak organic operating trends in the for-profit hospital
industry. Although operating trends improved industrywide starting
in mid-2014, secular challenges, including a shift to lower-cost
care settings and health insurer scrutiny of hospital care, are a
continuing headwind to organic growth.

KEY ASSUMPTIONS

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

   -- Organic revenue growth of 4%-5% in 2016 and 2017, driven by  

      a 2%-3% increase in patient volumes with the remainder   
      contributed by growth in pricing;

   -- Modest Operating EBITDA margin compression of 20-30 basis  
      points (bps) in each of 2016 and 2017, primarily as the   
      result of negative operating leverage as patient volume
      growth rates normalize versus the higher level seen in 2014-
      2015 and growth in pricing slows;

   -- Fitch forecasts EBITDA of $8.4 billion and discretionary FCF

      of $2 billion in 2016 for HCA, with capital expenditures of

      about $2.7 billion. Higher capital spending is related to   
      growth projects that support the expectation of EBITDA
      growth through the forecast period;

   -- The majority of discretionary FCF is directed towards share
      repurchases and acquisitions, and debt due in 2016-2019 is
      refinanced, resulting in gross debt/EBITDA of 3.5x-4.0x
      through the forecast period.

RATING SENSITIVITIES

Maintenance of a 'BB' Issuer Default Rating (IDR) considers HCA
operating with debt leverage sustained around 4.0x and with a FCF
margin of 4%-5%. A downgrade of the IDR to 'BB-' is unlikely in the
near term, since these targets afford HCA with significant
financial flexibility to increase acquisitions and organic capital
investment while still returning a substantial amount of cash to
shareholders through share repurchases.

An upgrade to a 'BB+' IDR is possible if HCA maintains debt
leverage of 3.0x-3.5x. In addition to a commitment to operate with
lower leverage, improvement in organic operating trends in the
hospital industry would support a higher rating for HCA. Evidence
of an improved operating trend would include positive growth in
organic patient volumes, sustained improvement in the payor mix
with fewer uninsured patients and correspondingly lower bad debt
expense, and limited concern that profitability will suffer from
drops in reimbursement rates.

LIQUIDITY

HCA's liquidity profile is solid. Proceeds from the new secured
notes will partially refinance approximately $2.3 billion of term
loans maturing in 2018. There are no significant debt maturities in
2016-2017. In 2018, $2.3 billion of term loans and $500 million of
unsecured notes come due. Fitch believes that HCA's operating
outlook and financial flexibility are amongst the best in the
hospital industry, affording the company good market access to
refinance upcoming maturities.

At June 30, 2016, HCA's liquidity included $691 million of cash on
hand, $2 billion of available capacity on its senior secured credit
facilities and latest 12 months (LTM) discretionary FCF of about
$2.4 billion. HCA's EBITDA/gross interest expense is solid for the
'BB' rating category at 4.9x and the company had an ample operating
cushion under its bank facility financial maintenance covenant,
which requires debt net of cash maintained at or below 6.75x
EBITDA.

The secured debt rating is one notch above the IDR, illustrating
Fitch's expectation of superior recovery prospects in the event of
default. The first-lien obligations, including the bank debt and
the first-lien secured notes, are guaranteed by all material wholly
owned U.S. subsidiaries of HCA that are 'unrestricted subsidiaries'
under the HCA unsecured note indenture dated Dec. 16, 1993.

Because of restrictions on the guarantor group as stipulated by the
1993 indenture, the credit facilities and first-lien notes are not
100% secured; the subsidiary guarantors of the first-lien
obligations comprised about 45% of consolidated total assets. The
ABL facility has a first-lien interest in substantially all
eligible accounts receivable (A/R) of HCA, Inc. and the guarantors,
while the other bank debt and first-lien notes have a second-lien
interest in certain of the receivables.

The HCA unsecured notes are rated at the same level as the IDR
despite the substantial amount of secured debt to which they are
subordinated, with secured leverage of about 2.5x. If HCA were to
layer more secured debt into the capital structure, such that
secured debt leverage is greater than 3.0x, it could result in a
downgrade of the rating on the HCA unsecured notes to 'BB-'. The
bank agreements include a 3.75x first lien secured leverage ratio
debt incurrence test.

The HCA Holdings Inc. unsecured notes are rated two-notches below
the IDR to reflect the substantial structural subordination of
these obligations, which are subordinate in right of payment to all
debt outstanding at the HCA level. At June 30, 2016, leverage at
the HCA and HCA Holdings Inc. level was 3.8x and 3.9x,
respectively.

FULL LIST OF RATING ACTIONS

Fitch currently rates HCA as follows:

   HCA, Inc.

   -- IDR 'BB';

   -- Senior secured credit facilities (cash flow and asset
      backed) 'BB+/RR1';

   -- Senior secured first lien notes 'BB+/RR1';

   -- Senior unsecured notes 'BB/RR4'.

   HCA Holdings Inc.

   -- IDR 'BB';

   -- Senior unsecured notes 'B+/RR6'.

The Rating Outlook is Stable.


HCA INC: Moody's Assigns Ba1 Rating on $1BB Sr. Sec. Notes
----------------------------------------------------------
Moody's Investors Service assigned a Ba1 rating to HCA Inc.'s
proposed $1.0 billion senior secured notes due 2027.  Moody's
understands that the proceeds of the new notes will be used to
refinance a portion of the company's existing $1.1 billion term
loan which matures in May 2018.  HCA recently issued a new $1.2
billion senior secured term loan.  The proceeds of that loan were
also applied to the refinancing of the $2.3 billion 2018 term
loan.

HCA Inc. is a wholly owned subsidiary of HCA Holdings, Inc.
(collectively HCA or the company).  All of HCA's existing ratings,
including the company's Ba2 Corporate Family Rating and Ba2-PD
Probability of Default Rating remain unchanged.  The rating outlook
is stable.

The refinancing transaction will not significantly impact HCA's
leverage.  Moody's will withdraw the ratings on the 2018 term loan
when the debt is retired.

This rating has been assigned.

HCA Inc.
  Senior secured notes due 2027 at Ba1 (LGD 3)

                         RATINGS RATIONALE

HCA's Ba2 Corporate Family Rating reflects the company's
significant scale and strong presence in key markets.  The rating
is also supported by HCA's relatively stable cash flows and Moody's
expectation of continued organic growth.  The rating also reflects
Moody's belief that HCA will maintain a more conservative financial
policy following the reduction of private equity ownership, the
addition of independent Directors to the company's Board, and the
company's public disclosure of leverage and liquidity targets.
However, Moody's expects that the company will continue to return
capital to shareholders through share repurchases in lieu of debt
repayment.  Further, the ratings also reflect the risks with the
ongoing changes to reimbursement levels that will challenge revenue
growth and margin expansion in the US hospital industry.

Moody's could upgrade the ratings if HCA maintains a conservative
financial policy with respect to large debt funded acquisitions,
shareholder distributions or share repurchases, improves geographic
diversity, and sustains debt to EBITDA at about 3.5 times.

Moody's could downgrade the ratings if financial metrics weaken due
to deteriorating operating performance, the company incurs a
material amount of debt in order to fund shareholder distributions
or acquisitions, or if Moody's expects debt to EBITDA to be
sustained above 4.5 times.

HCA is the largest for-profit acute care hospital operator in the
US as measured by revenues.  In addition to its acute care hospital
facilities, the company operates psychiatric facilities, a
rehabilitation hospital as well as ambulatory surgery centers and
cancer treatment and outpatient rehab centers located in 20 states
in the U.S. and in England.  The company is headquartered in
Nashville, Tennessee and reported net revenue in excess of
$40 billion in the twelve months ended June 30, 2016.

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


HERCULES OFFSHORE: Plan Confirmation Hearing Moved to Sept. 22
--------------------------------------------------------------
Hercules Offshore, Inc. and its debtor affiliates notified
parties-in-interest that the hearing to consider confirmation of
their Chapter 11 plan has been rescheduled at the direction of the
Delaware Bankruptcy Court and will now commence at 10:00 a.m. (ET)
on Sept. 22, 2016, before the Hon. Kevin J. Carey.  The
Confirmation Hearing will continue on Sept. 23 and 26, 2016, at
10:00 a.m. (ET), if needed.

The Confirmation Hearing may be further adjourned from time to time
by notice filed with the Court or by announcement in open court
without written notice to parties in interest.

Jeff Montgomery, writing for Bankruptcy Law360, reported that
Hercules Offshore postponed its Chapter 11 confirmation hearing and
sought mediation with its creditors on Aug. 4, one week ahead of
what was expected to become a protracted legal battle pitting the
company and its liquidation plan against equity holders and other
objectors.  Company counsel Philip C. Dublin of Akin Gump Strauss
Hauer & Feld LLP asked Judge Kevin Carey to take the Aug. 10-12
confirmation window off his schedule, saying that support for third
party assistance had emerged in recent days.

Counsel for the Debtors:

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

                 - and -

         AKIN GUMP STRAUSS HAUER & FELD LLP
         Michael S. Stamer, Esq.
         Philip C. Dublin, Esq.
         David Zensky, Esq.
         One Bryant Park
         New York, NY 10036
         Telephone: (212) 872-1000
         Facsimile: (212) 872-1002

                 - and -

         Kevin M. Eide, Esq.
         1333 New Hampshire Avenue, N.W.
         Washington, D.C. 20036
         Telephone: (202) 887-4000
         Facsimile: (202) 887-4288

                      About Hercules Offshore

Hercules Offshore, Inc., and its debtor and non-debtor
subsidiaries
are providers of shallow-water drilling and marine services to the
oil and natural gas exploration and production industry globally.

Hercules Offshore and 13 of its subsidiaries each filed a Chapter
11 bankruptcy petition (Bankr. D. Del. Proposed Lead Case No.
16-11385) on June 5, 2016. The petition was signed by Troy L.
Carson as vice president.

The Debtors listed total assets of $1.06 billion and total debts
of
$521.37 million as of March 31, 2016.

The Debtors have hired Akin Gump Srauss Hauer & Feld LLP as
general
bankruptcy counsel and Morris, Nichols, Arsht & Tunnell LLP as
co-counsel.


HILTON ESCROW: Moody's Assigns Ba3 Rating on $750MM Sr. Notes
-------------------------------------------------------------
Moody's Investors Service assigned a Ba3 rating to the proposed
$750 million senior unsecured notes being issued by Hilton Escrow
Issuer LLC (an entity that will ultimately be merged with and into
Hilton Domestic Operating Company Inc. who will become the
surviving issuer of the notes).  Both Hilton Escrow Issuer LLC and
Hilton Domestic Operating Company Inc. are subsidiaries of Hilton
Worldwide Finance, LLC, collectively referred to as "Hilton".

Hilton Worldwide Finance LLC's Ba2 Corporate Family Rating, Ba2-PD
Probability of Default Rating, Ba1 Bank Credit Facilities rating,
and Ba3 senior unsecured notes due 2021 rating are unchanged.  The
rating outlook remains stable.

The net proceeds of the new notes will be used to repay certain
indebtedness of Hilton's unrestricted U.S. real estate subsidiaries
and to fund certain other liabilities and expenses of Park Hotels &
Resorts Inc.

The Ba3 rating on the proposed senior unsecured notes acknowledges
that the notes are guaranteed by Hilton Worldwide Finance LLC and
Hilton Worldwide Holdings Inc.  In addition, Hilton Domestic
Operating Company Inc. will guarantee the bank credit facilities
and existing senior unsecured notes due 2021.  Thus, Moody's
considers the proposed $750 million notes are pari passu with the
existing senior unsecured notes at Hilton Worldwide Finance LLC.
The Ba3 rating on the proposed notes also reflects the sizable
amount of secured debt ahead of the notes in the capital structure,
which includes $4.2 billion in term loans and a
$1 billion secured revolving credit facility.

This rating is assigned:

For Hilton Escrow Issuer LLC:
  Proposed $750 million senior unsecured notes at Ba3, LGD 5

                         RATINGS RATIONALE

Hilton's Ba2 Corporate Family Rating reflects its large scale (with
about 776,000 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 to just below 5.0x 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 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.


HILTON WORLDWIDE: S&P Assigns 'BB+' Rating on Proposed $1BB Notes
-----------------------------------------------------------------
S&P Global Ratings assigned its 'BB+' issue-level rating (in line
with the 'BB+' corporate credit rating) and '4L' recovery rating to
McLean, Va.-based co-borrowers Hilton Escrow Issuer LLC and Hilton
Escrow Issuer Corp.'s proposed $1 billion of senior notes due 2024.
The co-borrowers will ultimately be merged into the surviving
borrower entity: Hilton Domestic Operating Company Inc. The '4L'
recovery rating reflects S&P's expectation for average (30% to 50%)
recovery for lenders in the event of a payment default.

Hilton expects to use the proceeds to repay a portion of debt of
its unrestricted US real estate subsidiaries and fund other
liabilities and expenses of the new real estate company Park Hotels
& Resorts to fund transaction fees and expenses related to the
planned spin-off of Hilton's owned real estate and timeshare
operations.  The company also expects to use the proceeds to prepay
a portion of the company's non-extended term loan under its credit
facility due 2020.  S&P believes that cash distributions to Hilton
from timeshare company Hilton Grand Vacations (HGV) following the
completion of planned future borrowings at that entity (as
described in the Form 10-12B filed June 2, 2016) will partially
offset the additional unsecured debt.  Despite the additional
unsecured debt in the capital structure, S&P believes that Hilton
will utilize the receipt of funds from HGV, and about $250 million
in additional proceeds from the notes, to prepay outstanding
amounts under the non-extended term loan due 2020, leading to only
a modest deterioration in recovery prospects for unsecured lenders
as a result.  The additional unsecured borrowings move S&P's
recovery rating from the upper to the lower half of the '4'
recovery band but do not affect the overall recovery or issue-level
rating.

                         RECOVERY ANALYSIS

Key analytical factors

S&P's simulated default scenario contemplates a payment default in
2021, reflecting prolonged economic weakness and significantly
reduced travel by corporate and leisure customers.  S&P assumes a
reorganization following the default, using an emergence EBITDA
multiple of 8x to value the company.

Simulated default assumptions
   -- Year of default: 2021
   -- EBITDA at emergence: $760 million
   -- EBITDA multiple: 8x

Simplified waterfall
   -- Net enterprise value (after 5% administrative costs):
      $5.8 billion
   -- Priority claims: $30 million
   -- Net enterprise value after priority claims: $5.8 billion
      ----------------------------------------------------
   -- Secured debt: $4.7 billion
      -- Recovery expectation: 90% to 100%
   -- Senior unsecured debt and pari passu claims: $2.7 billion
      -- Recovery expectation: 30% to 50% (low end of range)

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

RATINGS LIST

Hilton Worldwide Holdings Inc.
  Corporate credit rating                      BB+/Positive/--

New Rating

Hilton Domestic Operating Co. Inc.
Hilton Escrow Issuer Corp.
Hilton Escrow Issuer LLC
  $1 bil senior unsecured % notes due 2024     BB+
   Recovery rating                             4L


HOVNANIAN ENTERPRISES: Fitch Gives 'B/RR1' Rating to 1st Lien Loans
-------------------------------------------------------------------
Fitch Ratings has assigned the following ratings to Hovnanian
Enterprises, Inc.'s (NYSE: HOV) proposed issuances:

   -- $75 million first lien term loan (T/L) due Aug. 1, 2019  
      'B/RR1';

   -- $75 million 10% senior secured second lien notes due Oct.
      15, 2018 'CCC-/RR5';

   -- $75 million 9.5% senior secured notes due Nov. 15, 2020
      'CCC+/RR3'.

The net proceeds from the T/L and the senior secured second lien
notes issuances will be used to repay existing debt, including
HOV's announcement of a tender offer to purchase for cash all of
the company's $121 million 8.625% senior notes due 2017. Any excess
proceeds from the consummation of the tender offer will be used to
repurchase or repay debt securities with maturities in 2017, or as
agreed upon, HOV's other indebtedness.

The new $75 million T/L will be secured on a super priority basis
by the assets currently constituting collateral under HOV's
existing $577 million 7.25% senior secured first lien notes due
2020, the new $75 million senior secured second lien notes due
2018, and the existing 9.125% senior secured second lien notes due
2020 ($220 million outstanding before the exchange noted below).
The new T/L matures on Aug. 1, 2019 (or Oct. 15, 2018 if HOV's
existing 7% senior notes due 2021 remain outstanding at that time
or if any refinancing with respect to the 7% notes has a maturity
date prior to January 2021).

The new $75 million 10% senior secured second lien notes will be
secured on a pari passu second lien basis with HOV's existing
second lien notes by substantially all of the assets of the
company.

TENDER OFFER

In conjunction with the financing commitments announced by the
company, HOV has commenced a tender offer to purchase for cash any
and all of the company's 8.625% senior notes due 2017 ($121 million
outstanding). The company is also soliciting consents of holders of
the notes to proposed amendments to the indenture governing the
notes to eliminate most of the restrictive covenants and certain
events of default. The early tender offer expires on Aug. 11, 2016
and the tender offer will expire on Sept. 7, 2016.

EXCHANGE AGREEMENT

HOV has also entered into an exchange agreement with investors
pursuant to which the investors will exchange $75 million of
existing 9.125% senior secured second lien notes due 2020 ($220
million outstanding) for a newly issued $75 million of 9.5% senior
secured notes due 2020. The new senior secured notes will be
secured on a pari passu first lien basis with HOV's existing $141.8
million 5% senior secured notes due 2021 and $53.2 million 2%
senior secured notes due 2021 by substantially all of the assets of
the members of the secured group.

KEY RATING DRIVERS

The rating for HOV is influenced by the company's execution of its
business model, land policies, and geographic, price point and
product line diversity. Risk factors include the cyclical nature of
the homebuilding industry, the company's high debt load, high
leverage and weak liquidity position.

The proposed refinancing allows the company to address near-term
debt maturities, although HOV continues to have meaningful debt
coming due in 2017, 2018 and 2019. On a pro forma basis, HOV will
have the following maturities: (calendar year) 2017 - $81.7 million
(less any amounts repaid from the excess proceeds from the T/L and
new second lien notes following the completion of the tender
offer); 2018 - $75 million; and 2019 - $475 million.

LIQUIDITY

As of April 30, 2016, HOV had $120.7 million of unrestricted
homebuilding cash and $2.6 million of borrowing availability under
its $75 million unsecured revolving credit facility. Subsequent to
the end of the quarter, the company received $75.1 million of net
cash proceeds from sales of its land portfolios in its Minnesota
and North Carolina markets and from the contribution of land to a
new joint venture. In May 2016, the company also repaid $86.5
million of 7.5% senior unsecured notes that matured.

Fitch expects the company will generate positive cash flow from
operations during fiscal year 2016 and end the year with about $150
million-$200 million of liquidity (unrestricted cash and revolver
availability).

GENERALLY IMPROVING HOUSING MARKET

The housing recovery is expected to continue in 2016 after four
years of a moderate recovery. A robust economy, healthy job
creation, demographics, pent-up demand, steep rent increases, and
further moderation in lending standards should stimulate housing
activity. Housing starts should approximate 1.21 million with
single-family volume of 0.797 million and multifamily starts of
0.413 million. New home sales should reach 574,000, up 14.6%.
Existing home volume growth should be low-single digit (+3.0%).
Average and median home prices should rise 3.0%-3.5%, higher than
earlier forecasts because of still-tight inventories.

Fitch believes 2017 could prove to be almost a mirror image of
2016. Real economic growth should be similar, although overall
inflation should be more pronounced. Interest rates will rise
further but demographics and employment growth should be at least
as positive in 2017. First-time buyers will continue to gradually
represent a higher portion of housing purchases as qualification
standards loosen further. Land and labor costs will inflate more
rapidly than materials costs. Housing starts should total 1.311
million. Single-family volume should expand 10% to 877,000, while
multifamily starts grow 5% to 434,000. New home sales should reach
640,000, up 11.5%. Existing home sales should gain 4% to 5.625
million. Average and median home prices should expand 2.0%-2.5% in
2017.

KEY ASSUMPTIONS

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

   -- Industry single-family housing starts improve 11.5%, while
      new and existing home sales grow 14.6% and 3%, respectively
      in 2016. Fitch expects the housing upcycle to continue in
      2017, with single-family starts forecast to improve 10% and
      new and existing home sales increase 11.5% and 4%,
      respectively;

   -- HOV's revenues increase 25%-30% during 2016;

   -- HOV generates positive FCF;

   -- The company ends FY2016 with about $150 million-$200 million

      of liquidity (combination of unrestricted cash and revolver
      availability).

RATING SENSITIVITIES

Negative rating actions may occur if HOV's liquidity position falls
below $150 million and the company does not provide a credible plan
to address its upcoming debt maturities.

Positive rating actions are unlikely in the next 12 months as
liquidity remains constrained, leverage is expected to remain
elevated, and coverage will continue to be weak. However, Fitch may
consider a positive rating action if the housing recovery is
meaningfully better than our current outlook and is maintained over
a multi-year period, allowing HOV to significantly improve its
liquidity position and credit metrics.

FULL LIST OF RATING ACTIONS

Fitch has assigned the following ratings:

   -- $75 million first lien term loan due Aug. 1, 2019 'B/RR1';

   -- $75 million 10% senior secured second lien notes due Oct.  
      15, 2018 'CCC-/RR5';

   -- $75 million 9.5% senior secured notes due Nov. 15, 2020
      'CCC+/RR3'.

Fitch currently rates HOV as follows:

   -- Issuer Default Rating 'CCC';

   -- Senior secured first lien notes due 2020 'B/RR1';

   -- Senior secured second lien notes due 2020 'CCC-/RR5';

   -- Senior secured notes (5% and 2%) due 2021 'CCC+/RR3';

   -- Senior unsecured notes 'CCC-/RR5';

   -- Series A perpetual preferred stock 'C/RR6'.

RECOVERY ANALYSIS

HOV's Recovery Ratings reflects Fitch's expectation that the
enterprise value of the company will be maximized in a
restructuring scenario (going concern). Fitch employs a 6x
distressed EBITDA enterprise value multiple and assumes going
concern EBITDA of $180 million.

The 'B/RR1' rating for HOV's new $75 million T/L and existing $577
million first lien senior secured notes reflect Fitch's estimate
for a recovery range of 91% - 100%. The company's new T/L, first
lien and second lien notes due 2020 are secured by $785.1 million
of pledged inventory and pledged equity value of subsidiaries
without inventory liens and $106.4 million of cash. Fitch rates
HOV's second lien senior secured notes (including the new second
lien notes) 'CCC-/RR5', reflecting 11% - 30% recovery for these
debt issues.

The 'CCC+/RR3' rating for the company's new senior secured notes
due 2020 and the existing 5% and 2% senior secured notes due 2021
reflect Fitch's estimate for a recovery range of 51% - 70%. These
notes are secured by $167.7 million of pledged inventory and
pledged equity value of subsidiaries without inventory liens, $16.5
million of cash, and HOV's interest in certain joint ventures.

Fitch's 'CCC-/RR5' rating on the company's senior unsecured notes
reflects recovery of 11%-30% for these debtholders. Fitch assumed
that the assets that are not pledged and the excess value from
property specifically pledged to certain lenders is distributed to
unsecured claims on a pro rata basis, including the senior
unsecured noteholders and the undersecured claim portion held by
other secured lenders.

The 'C/RR6' rating on HOV's preferred stock assumes zero recovery.


INDIANA FINANCE: Fitch Cuts Private Activity Bonds Ratings to 'BB'
------------------------------------------------------------------
Fitch Ratings has downgraded the Indiana Finance Authority's
private activity bonds (PABs) issued on behalf of I-69 Development
Partners LLC (I-69 DP or the Developer) for the I-69 Section 5
project to 'BB' from 'BBB-'. The bonds remain on Rating Watch
Negative.

The downgrade reflects continued delays in construction and
unresolved payment issues between the construction contractor and
subcontractors, culminating in two Notices of Default issued by the
Developer to the construction contractor, citing failure to
promptly pay subcontractors and falling behind on an existing
remedial plan, which have 20 and 60 day cure periods,
respectively.

Delay risk is also heightened by the financial deterioration of
Isolux Corsan SA (Isolux), parent of the construction contractor,
Corsan-Corviam Construccion SA, whose rating was revised to 'RD'
(Restricted Default) from 'C' on Aug. 3, 2016, reflecting the
execution of a Distressed Debt Exchange following recent filings
for forms of court protection. The company has confirmed that, to
date, it has met payments but non-payments are planned under
restructuring plans.

KEY RATING DRIVERS

Construction Delays, Weak Guarantor (Completion Risk -Midrange):
The credit quality of Isolux Corsan SA (Isolux), the parent company
of I-69's construction contractor Corsan-Corviam Construccion SA,
has deteriorated significantly in recent months resulting in a
downgrade to 'RD'. In addition, Fitch believes the revised recovery
schedule completion date of June 28, 2017 will be challenging to
meet, given that the construction contractor is substantially
behind the anticipated expenditure curve for 2016. The project has
a four month tail from the revised completion to the long stop date
that provides some cushion. However, uncertainty remains. Fitch
will continue to monitor the adequacy of this tail period.

Strong Counterparty, Clear Payment Mechanism (Revenue Risk -
Stronger): Milestone and availability payments during the project
are made by Indiana Finance Authority (IFA, or the grantor), and
Fitch currently rates such counterparty obligations 'AA'/Outlook
Stable. Indexation of 20% of periodic availability payments to the
Consumer Price Index (CPI), with remaining 80% escalated at 2.5%
per annum, hedges inflationary operating and lifecycle costs. The
payment mechanism is in line with peers.

Straightforward Operations, Handback Risk Well Managed (Cost Risk -
Midrange):

The project company will self-perform most operation and
maintenance (O&M) activities, exposing it to O&M and lifecycle cost
risk over the project life. O&M works are generally considered
relatively straightforward given the limited scope of the project.
The major maintenance reserve account (MMRA) and handback
requirements reserve account (HBRA) are both designed such that
major works should be anticipated from a funding perspective
several years ahead of incurrence. The project's cost profile is
significantly back ended, with a large part of lifecycle works
anticipated during the handback period; however, since final debt
maturity is five years prior to concession maturity, bondholders
are not exposed to handback risk.

Conservative Debt Structure (Debt Structure - Midrange):

Structural features, including the fixed interest rate payable,
full amortization, 1.15x dividend lock-up and debt service reserve
account (DSRA), provide bondholders with protection against adverse
developments over the project life. The DSRA is sized at
six-month's debt service, which is at the tighter end of projects
in Fitch's rated portfolio, constraining the risk factor
assessment.

Metrics Indicate Financial Resilience:

While Fitch base and rating cases reflect debt service coverage
ratio (DSCR) profiles consistent with a 'BBB' rating post
construction, averaging above 1.50x and falling no lower than
1.22x, current construction issues warrant a lower rating.

Peer Analysis:

The project's closest peer is WVB Partners, which also features IFA
as grantor/issuer and a similar contractual framework; while WVB
Partners features a stronger construction JV, works are considered
materially more complicated and, furthermore, I-69 features a
stronger performance security package. Delays have been experienced
on both projects, although issues during construction appear to be
more acute for I-69. Minimum DSCRs between the two projects are
comparable, while I-69 demonstrates stronger average.

RATING SENSITIVITIES

Negative - Failure to Cure Contractor Defaults: The contractor's
failure to cure existing events of default within the requisite
cure period could lead to further delays in completion and likely
result in further rating downgrades.

Negative - Further delays: Additional delays experienced that
jeopardize the likelihood of meeting the revised recovery schedule
completion date of June 28, 2017 would result in a further
downgrade.

Negative - Operational Underperformance: Significant sustained
payment deductions being levied against the project company or
materially higher costs during the operating period than currently
forecast, either of which reducing coverage levels well below
current projections, would also place the rating under some
pressure.

Positive - Unlikely During Construction Period: Positive rating
migration during construction is highly unlikely given completion
risk issues facing the project. If the project is successfully
completed, positive rating migration back to its previous level
will likely occur assuming no material change to the project's
operating profile.

SUMMARY OF CREDIT

On April 7, 2016, Fitch downgraded the IFA's PABs to 'BBB-' on
Rating Watch Negative, which reflected the deteriorating credit
quality of Isolux coupled with the I-69 project's projected
eight-month delay in substantial completion. The revised recovery
schedule completion date is the result of delays in obtaining
necessary permits and non-payment from the contractor that led to
some subcontractors demobilizing from the site. Payment issues have
not been resolved with all subcontractors leading to continued
delays to the project, which is already significantly behind
schedule.

The persistent payment issue between the construction contractor
and subcontractors has resulted in the Developer issuing two
Notices of Default to the construction contractor on Aug. 4, 2016
as follows: (i) Failure to promptly pay subcontractors (20 day cure
period), and (ii) Failure to present a remedial plan (60 day cure
period).

Fitch believes the revised recovery schedule completion date of
June 28, 2017 will be challenging to meet. Based on the revised
cash-flow schedule, Isolux is substantially behind the anticipated
expenditure curve. Actual drawdowns from April to June 2016, a
means Fitch uses to measure construction progress, fell over 60%
below the scheduled amount. Actual drawdowns for the month of July
are expected to be significantly under the scheduled drawdown of
$18.4 million. In total, the project is behind the anticipated
cumulative drawdown by over $38 million, which is over 10% of the
entire contract value. Additionally, agreements required to start
work on certain sites are still undergoing negotiations.

Significant construction progress (70% - 80% completion) in the
next three months is critical in order for the project to meet its
revised recovery schedule completion date of June 28, 2017. Fitch
will evaluate the project's remedial plans under both notices of
default and the progress on construction over the next few months.
Unless significant construction progress occurs over the next
several months and the default issues are adequately addressed,
further negative rating action is likely.


INMOBILIARIA BAFCO: Disclosure Statement Hearing Set for Sept. 7
----------------------------------------------------------------
The Hon. Mildred Caban Flores scheduled a hearing for Sept. 7,
2016, at 9:00 a.m., to consider approval of the disclosure
statement explaining the Chapter 11 plan of Inmobiliaria Bafco,
Inc.  Objections to the form and content of the disclosure
statement are due 14 days prior to the hearing.  Objections not
timely filed and served will be deemed waived.

As reported by the Troubled Company Reporter on July 25, 2016,
Inmobiliaria Bafco's Chapter 11 plan of reorganization proposes to
pay all its creditors in full.  The plan filed on July 19 with the
U.S. Bankruptcy Court for the District of Puerto Rico provides for
a 100% payment to all creditors of Inmobiliaria, including its
general unsecured creditors in Class 5, which hold $97,830 in
claims.  The proposed plan will be funded through Inmobiliaria's
assets, surrendering to Banco Popular de Puerto Rico the Parkside
Office Building located in Pueblo Viejo Ward, Guaynabo, Puerto
Rico.  The property guarantees the loan, which the bank provided to
the company.

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

                   About Inmobiliaria Bafco

Inmobiliaria Bafco, Inc., a single asset real estate, filed a
Chapter 11 bankruptcy petition (Bankr. D.P.R. Case No. 16-02642)
on
April 4, 2016.   Fernando Batlle, president, signed the petition.
The Debtor listed total assets of $13.4 million and total debt of
$12.05 million.  Judge Mildred Caban Flores is assigned to the
case.


INNOVATION VENTURES: Moody's Assigns B1 Rating on $25MM Facility
----------------------------------------------------------------
Moody's Investors Service assigned a B1 (LGD 2) rating to
Innovation Ventures, LLC's proposed $25 million first lien
revolving credit facility and $500 million first lien term loan.
Moody's also assigned a Caa1 (LGD 5) rating to the company's
proposed $400 million senior unsecured notes.  At the same time,
Moody's affirmed Innovation Ventures' existing ratings, including
the company's B3 Corporate Family Rating, B3-PD Probability of
Default Rating, and B3 (LGD 4) senior secured note rating.  The
rating outlook is stable.  Finally, Moody's withdrew Innovation
Ventures' Speculative Grade Liquidity Rating.

Proceeds from the proposed term loan and senior unsecured notes
will be used to partially finance Renew Group Private Limited's
acquisition of a majority equity stake in Innovation Ventures, as
well as fully refinance the 9.5% senior secured notes due 2019.
Existing Innovation Ventures' shareholders will receive $2.0
billion in exchange for selling 85% of their equity interest in
Innovation Ventures.  The purchase price will be comprised of $511
million in cash and $1.5 billion in PIK notes issued by 5-Hour U.S.
Corp.  Renew Group will also receive a royalty free, exclusive
license to all rights necessary to sell and distribute Innovation
Ventures' products in all countries other than the U.S. and
Canada.

Ratings Assigned:

   -- $25 million senior secured first lien revolving credit
      facility due 2020 at B1 (LGD 2)
   -- $500 million senior secured first lien term loan due 2021 at

      B1 (LGD 2)
   -- $400 million senior unsecured notes due 2021 at Caa1 (LGD 5)

Ratings Affirmed:

   -- Corporate Family Rating at B3
   -- Probability of Default Rating at B3-PD
   -- $351 million 9.5% senior secured notes due August 2019 at B3

      (LGD 4) (to be withdrawn at the close of the transaction)

Ratings Withdrawn:

   -- Speculative Grade Rating of SGL-2
The rating outlook is stable.

                          RATINGS RATIONALE

Innovation Ventures' B3 Corporate Family Rating reflects its
reliance on essentially one product in a niche category, making it
susceptible to changes in consumer preference, tastes, and
competition.  The rating also reflects limited international
expansion opportunity post the Renew Group transaction.  Renew
Group will have a royalty free, exclusive license to all rights
necessary to sell and distribute Innovation Ventures' products in
all countries other than the U.S. and Canada.  Additionally, the
rating reflects an aggressive financial policy.  These significant
negative characteristics are partially mitigated by very high
profit margins and good cash flow, driven in part by the company's
dominant U.S. market position in the niche energy shot category.

Moody's expects Innovation Ventures to maintain good liquidity over
the next 12 months.  Moody's believes the company will be able to
comfortably meet its basic cash obligations over this time period
through internally generated cash flow.  Further, the company will
have no significant debt maturities until 2021.  The company will
have access to a $25 million revolver that will be undrawn at the
close of the transaction.  Moody's does not expect the company to
draw under this facility over the next 12 months. Finally, Moody's
anticipates that the company will remain in compliance with the
maximum secured leverage ratio and minimum fixed charge ratio
covenant requirements in the credit agreement.

The senior secured revolving credit facility and term loan are
rated B1, two notches above the B3 Corporate Family Rating.  The
rating reflects the senior position of the bank debt in the capital
structure to a significant amount of unsecured obligations.  The
revolver and term loan will be guaranteed by substantially all of
the company's wholly owned domestic subsidiaries and by
International IP Holdings, LLC., an entity under common control
with Innovation Ventures.  International IP Holdings licenses the
intellectual property related to 5-hour ENERGY, including the
formula and trademarks, to Innovation Ventures.  The revolver and
term loan are secured by a pledge of substantially all the assets
of the borrower and guarantors.

The unsecured notes are rated Caa1, one notch below the B3
Corporate Family Rating.  This rating reflects the junior position
of the notes to the senior secured revolving credit facility and
term loan.  The notes will be guaranteed by substantially all of
the company's wholly owned domestic subsidiaries and by
International IP Holdings.  The rating on the notes is one notch
higher than the outcome resulting from the application of Moody's
Loss Given Default methodology.  The override reflects Moody's
expectation of a higher estimate of recovery than is typical given
the company's very strong market position in the U.S.

The $1.5 billion of PIK notes are unrated and will be issued by
5-Hour US Corp., the parent of Innovation Ventures.  The PIK notes
are comprised of two series, approximately $1.1 billion senior
subordinated PIK notes and approximately $0.4 billion of junior
subordinated PIK notes.  Both series' mature in 2023.  These
amounts are excluded from the assessment of Moody's Loss Given
Default.  However, for the consideration of adjusted leverage,
Moody's deems the PIK notes as additional obligations of Innovation
Ventures.  This is because Moody's believes that the notes will
ultimately have to be serviced by cash flow generated at Innovation
Ventures.

The stable outlook reflects Moody's expectation that the company
will maintain very high product concentration and strong profit
margins.

Ratings could be upgraded if product diversity increases such that
the company becomes less dependent on the success of one product
and if Innovation Ventures adopts a more conservative financial
policy.

Ratings could be downgraded if Moody's comes to expect a sustained
decline in sales or operating profit or if liquidity materially
weakens.

Headquartered in Farmington Hills, MI, Innovation Ventures, LLC
manufactures liquid energy shots under the 5-hour ENERGY brand.
This product is sold in 1.93 ounce bottles and is designed to
provide a feeling of alertness for hours.  Innovation licenses the
intellectual property related to 5-hour ENERGY, including the
formula and trademarks, from International IP Holdings, LLC, an
entity under common control with Innovation.  Innovation Ventures
will be 85% owned by Renew Group post the proposed transaction. Net
sales for the twelve months ending March 31, 2016 were $510
million.

The principal methodology used in these ratings was Global Soft
Beverage Industry published in May 2013.


INTERVENTION ENERGY: EIG Raised Concerns Over Banker's Fees
-----------------------------------------------------------
Jeff Montgomery, writing for Bankruptcy Law360, reported that
Stuart M. Brown of DLA Piper, counsel to Intervention Energy
Holdings LLC, told U.S. Bankruptcy Judge Kevin Carey during a
hearing on Aug. 4 that the company had reached an agreement with
EIG Energy Fund XV-A LP on the Company's continued use of cash, but
the Company has yet to complete a budget for continuation of its
case or reach agreement on payment for investment banking services
-- including a $3.5 million restructuring "success fee" -- to
support the refinancing and buyout.

According to the report, EIG counsel, Paul M. Basta of Kirkland &
Ellis LLP said at the Aug. 4 hearing he believed there had been an
agreement already. He said his client had concerns about the
expense of the refinancing effort and provisions for a
restructuring or success fee payment to the investment banker.

Law360 noted that Intervention's authority for cash use was set to
expire Aug. 9 unless the two sides reach a budget agreement.  A
hearing was set for 3:30 p.m. on Aug. 9 for the Company's continued
use of cash.  

At the Aug. 9 hearing, the Court was slated to hold a status
conference on EIG's Motion to Dismiss the Chapter 11 cases as well
as consider approval of the Debtors' request to employ PJT Partners
LP as investment banker.

According to the Law360 report, Mr. Brown said Intervention hopes
to provide the court with a full budget consensus at the end of the
day on Friday, Aug. 5.

Terms of PJT Partners LP's engagement as the Debtors' investment
banker were reported in the July 14 edition of the Troubled Company
Reporter.  The Debtors and PJT have agreed that PJT shall, in
respect of its services, be compensated under this fee structure:

   -- a monthly advisory fee in the amount of $150,000, per
      month, in cash, with the first Monthly Fee payable upon the
      execution of the Engagement Letter by both parties and
      additional installments of such Monthly Fee payable in
      advance on each monthly anniversary of the Effective Date;

   -- an additional fee equal to $3,500,000. If the Restructuring
      has not been consummated within six months of the Effective
      Date of the Engagement Agreement, then 50% of the Monthly
      Fees earned thereafter shall be credited towards the
      Restructuring Fee. Except as otherwise provided herein, a
      Restructuring shall be deemed to have been consummated upon
      (a) the binding execution and effectiveness of all necessary
      waivers, consents, amendments or restructuring agreements
      between the Company and its creditors involving the
      compromise of the face amount of such Obligations or the
      conversion of all or part of such Obligations into
      alternative securities, including equity, in the case of an
      out-of-court restructuring; or (b) the confirmation and
      consummation of a Plan of Reorganization pursuant to an
      order of the Bankruptcy Court, in the case of an in-court
      restructuring. The Restructuring Fee will be earned and
      payable upon consummation of the Restructuring.
      Notwithstanding the foregoing, (a) a Restructuring
      specifically shall be deemed to exclude any assumption at
      face value of Obligations in connection with the sale or
      disposition of any subsidiaries, joint ventures, assets or
      lines of business of the Company and (b) the restructured
      Obligations shall exclude any Obligations in respect of
      which a Restructuring Fee has previously been paid; and

   -- reimbursement of all reasonable out-of-pocket expenses
      incurred during this engagement, including, but not limited
      to, travel and lodging, direct identifiable data processing,
      document production, publishing services and communication
      charges, courier services, working meals, reasonable fees
      and expenses of PJT Partners' counsel and other necessary
      expenditures, payable upon rendition of invoices setting
      forth in reasonable detail the nature and amount of such
      expenses. In connection therewith the Company shall pay PJT
      Partners on the Effective Date and maintain thereafter a
      $25,000 expense advance for which PJT Partners shall account
      upon termination of the Engagement Letter.

At the Aug. 4 hearing, according to Law360, Judge Carey told the
parties, "Let's hope you can bring this across the finish line and
we won’t need to re-engage in litigation next week."

                   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, and PJT
Partners LP as investment banker.

EIG Energy Fund XV-A, L.P. is Intervention's largest creditor,
holding $140 million in secured note debt against the company.  EIG
in October 2015 declared Intervention in default of the note
purchase agreement and negotiated the forbearance agreement with
the company.

EIG is represented in the case by Domenic E. Pacitti and Morton
Branzburg of Klehr Harrison Harvey Branzburg LLP; and Paul M.
Basta, Judson Brown and Brian E. Schartz of Kirkland & Ellis LLP.


ISLAND CONCEPTS: Hires Derbes Law Firm as Bankr. Counsel
--------------------------------------------------------
Island Concepts, LLC seeks authorization from the U.S. Bankruptcy
Court for the Eastern District of Louisiana to employ The Derbes
Law Firm, LLC as counsel.

The services to be provided by Derbes Law Firm include:

    a. providing legal advice with respect to its powers and duties
as debtor in possession in the continued management of its business
and property;

    b. attending meetings with representatives of its creditors and
other parties in interest;

    c. taking all necessary action to protect and preserve the
Debtor's estate, including the prosecution of actions on the
Debtor's behalf, the defense of any action commenced against the
Debtor, negotiations concerning litigation in which the Debtor is
or may become involved, and objections to claims to be filed by the
estate;

    d. preparing on behalf of the Debtor motions, applications,
answers, orders, reports, and papers necessary to the
administration of the estate;

    e. negotiating and preparing on the Debtor's behalf a plan of
reorganization, disclosure statement, and all related agreements
and/or documents, and taking any necessary action on behalf of the
Debtor to obtain confirmation of such plan;

    f. appearing before this Court to protect the interests of the
Debtor before this Court;

    g. performing all other necessary legal services and provide
all necessary legal advice to the Debtor in connection with this
Chapter 11 case;

    h. advising the Debtor concerning executory contract and
unexpired lease assumptions, assignments and rejections and lease
restructuring and recharacterizations; and

    i. commencing and conducting litigation necessary and
appropriate to assert rights held by the Debtor, protect assets of
the Debtor's Chapter 11 estate or otherwise further the goal of
completing the Debtor's successful reorganization.

Derbes Law Firm will be paid at these hourly rates:

    Albert J. Derbes, IV, Esq.               $325
    Eric J. Derbes, Esq.                     $325
    Wilbur J. “Bill” Babin, Jr., Esq.        $350
    Beau P. Sagona, Esq.                     $325
    Melanie M. Mulcahy, Esq.                 $275
    Frederick L. Bunol, Esq.                 $250
    R. Michelle Jones, Esq.                  $165
    Kaja S. Elmer, Esq.                      $165
    Hugh J. Posner, C.P.A.                   $200
    Notary                                   $80
    Paralegal(s)                             $80
    Legal Assistant                          $60

Frederick L. Bunol, Esq., member of The Derbes Law Firm, 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 estates.

DLF may be reached at:

      Frederick L. Bunol. Esq.
      Albert J. Derbes, IV, Esq.
      Kaja S. Elmer, Esq.
      The Derbes Law Firm, LLC
      3027 Ridgelake Drive
      Metairie, LA 70002
      Phone: (504)837-1230
      Facsimile: (504)832-0322

                    About Island Concepts, LLC

Island Concepts LLC filed a Chapter 11 bankruptcy petition (Bankr.
E.D.LA. Case No. 16-11743) on July 22, 2016.  The Hon. Jerry A.
Brown presides over the case.  The Debres Law Firm, LLC represents
the Debtor as counsel.

In its petition, the Debtor listed $662,479 in assets and $3.69
million in liabilities. The petition was signed by Ryan J. Richard,
member and manager.


KALPANA J PATEL: Hearing to Consider Plan Outline on Sept. 8
------------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Georgia will
hold on Sept. 8, 2016, at 10:30 a.m. the hearing to consider
approval of the disclosure statement explaining the Chapter 11 exit
plan filed by Kalpana J Patel.

The Debtor filed the Disclosure Statement on July 19, 2016.

Sept. 1, 2016, is fixed as the last day for filing and serving
written objections to the disclosure statement, including
objections to the Debtor's valuation of assets of the estate.

Kalpana J Patel filed for Chapter 11 bankruptcy protection (Bankr.
S.D. Ga. Case No. 16-20067) on Feb. 2, 2016.


KIDS ONLY II: Creditor Proposes Full Payment Chapter 11 Plan
------------------------------------------------------------
RREF II PEBP-LA, LLC, filed with the U.S. Bankruptcy Court Western
District of Louisiana on Aug. 2, 2016, its small business Combined
Plan of Liquidation and Disclosure Statement for debtors, Kids Only
II of Lafayette, LLC, and Kids Only III of Lafayette, LLC.

Under the Plan, all creditors are expected to receive 100% of their
allowed claims.  Because the Plan expects to pay all holders of
allowed claims 100% of the claims, no investigation as to the
identity of the Debtors' insiders has been made by the Plan
Proponent.

All claims of RREF II PEBP-LA, LLC, which are cross collateralized
and secured by the Daycare building and land located at 700 La
Neuville Road, Lafayette, Louisiana, owned by KIDS ONLY II OF
LAFAYETTE, LLC, and the Daycare building and land located at 224
Julian Circle, Lafayette, Louisiana, owned by KIDS ONLY III OF
LAFAYETTE, LLC.  All the claims shall be deemed cross
collateralized by both properties.  

The Plan will be funded by the liquidation of the 700 Property and
224 Property. The Debtors shall turn over any cash on hand on the
effective Date (estimated at approximately $15,000.00).

Lamar P. Fisher and Fisher Auction Company together with a
headquarter broker of the Auctioneer's choosing, will implement an
extensive Accelerated Marketing Plan to advertise the sale of the
700 Property and 224 Property to conduct the Auction sale.

The Auction shall take place at the 700 Property on October 27,
2016 at 11:00 a.m.

A copy of the Disclosure Statement is available at:

          http://bankrupt.com/misc/lawb15-51355-0081.pdf

Kids Only II of Lafayette, LLC, and Kids Only III of Lafayette,
LLC, provide childcare services.  

Kids Only II of Lafayette, LLC filed a Chapter 11 bankruptcy
petition (Bankr. W.D. La. Case No. 15-51354) on October 20, 2015.
Kids Only III of Lafayette, LLC, filed a separate Chapter 11
petition (Bankr. W.D. La. Case No. 15-51355) on October 20, 2015.
Both Debtors are represented by Thomas E. St. Germain, Esq. --
ecf@weinlaw.com -- at WEINSTEIN LAW FIRM.

RREF II PEBP-LA, LLC, a secured creditor, is represented by:

     Laura F. Ashley, Esq.
     Jones Walker LLP
     201 St. Charles Avenue, 49th Floor
     New Orleans, LA 70170-5100
     Telephone: (504) 582-8000
     E-mail: lashley@joneswalker.com


KIDS ONLY II: RREF Files Ch. 11 Liquidating Plan
------------------------------------------------
RREF II PEBP-LA, LLC, filed a small business Chapter 11 Combined
Plan of Liquidation and Disclosure Statement for Kids Only II of
Lafayette, LLC.

Under the Plan, all creditors are expected to receive 100% of their
allowed claims. The following lists all classes containing Debtors
secured prepetition claims and their proposed treatment under the
Plan:

   Class 2. All claims of RREF II PEBP-LA, LLC, which are cross
collateralized and secured by the Daycare building and land located
at 700 La Neuville Road, Lafayette, Louisiana (the “700
Property”) owned by Kids Only II of Lafayette, LLC, and the
Daycare building and land located at 224 Julian Circle, Lafayette,
Louisiana (the “224 Property”) owned by Kids Only III of
Lafayette, LLC. At the closing of sales of the 224 Property and 700
Property, the claim is expected to be paid in full.

   Class 3. The secured claim in the amount of $64,383.60 owed to
the Internal Revenue Service by Kids Only II of Lafayette, LLC are
deemed cross collateralized by both properties. At the closing of
sales of the 224 Property and 700 Property, the claim is expected
to be paid in full.

   Class 4. The secured claim in the amount of $144,063.27 owed to
the Internal Revenue Service by Kids Only III of Lafayette, LLC,
will be deemed cross collateralized by both properties. At the
closing of sales of the 224 Property and 700 Property, the claim is
expected to be paid in full.

   Class 5. General Unsecured Creditors. The holders of Class 5
claims will receive expected distributions under the Plan of 100%
of their allowed claims. The Court will set a claims bar date prior
to the closing of the sale of the 700 Property and 224 Property,
and all such claims will be paid pro rata at the closing, unless an
objection has been filed to such claims. In the event that there
are any disputed claims at such time, cash equivalent to the pro
rata amount of such claim will be placed in escrow, and will be
distributed upon the adjudication of such claim.  

The Plan will be funded by the liquidation of the 700 Property and
224 Property.

Lamar P. Fisher and Fisher Auction Company together with a
headquarter broker of the Auctioneer's choosing will implement an
extensive Accelerated Marketing Plan to advertise the sale of the
700 Property and 224 Property to conduct the Auction sale. The
Auction will take place at the 700 Property on October 27, 2016.

A full-text copy of the Disclosure Statement is available at
http://bankrupt.com/misc/lawb15-51354-83.pdf

Attorney for RREF II PEBP-LA, LLC:

       Laura F. Ashley, Esq.
       Jones Walker LLP
       201 St. Charles Avenue, 49th Floor
       New Orleans, Louisiana 70170-5100
       Telephone: (504) 582-8000
       Email: lashley@joneswalker.com

             About Kids Only II

Kids Only II of Lafayette, LLC sought protection under Chapter 11
of the (Bankr. W.D. La. Case No. 15-51354) on October 20, 2015. The
Debtor tapped Thomas E. St. Germain, Esq. of Weinstein Law Firm  as
its counsel.


KIDS ONLY III: RREF Proposes Ch. 11 Plan of Liquidation
-------------------------------------------------------
RREF II PEBP-LA, LLC, filed a small business Chapter 11 Plan of
Liquidation and accompanying disclosure statement for Kids Only III
of Lafayette, LLC.

Under the Plan, all creditors are expected to receive 100% of their
allowed claims.  The following lists all classes containing Debtors
secured prepetition claims and their proposed treatment under the
Plan:

   Class 2. All claims of RREF II PEBP-LA, LLC, which are cross
collateralized and secured by the Daycare building and land located
at 700 La Neuville Road, in Lafayette, Louisiana, owned by Kids
Only II of Lafayette, LLC, and the Daycare building and land
located at 224 Julian Circle, in Lafayette, Louisiana, owned by
Kids Only III of Lafayette, LLC. At the closing of sales of the 224
Property and 700 Property, the claim is expected to be paid in
full.

   Class 3. The secured claim in the amount of $64,383.60 owed to
the Internal Revenue Service by Kids Only II of Lafayette, LLC, are
deemed cross collateralized by both properties. At the closing of
sales of the 224 Property and 700 Property, the claim is expected
to be paid in full.

   Class 4. The secured claim in the amount of $144,063.27 owed to
the Internal Revenue Service by Kids Only III of Lafayette, LLC,
will be deemed cross collateralized by both properties. At the
closing of sales of the 224 Property and 700 Property, the claim is
expected to be paid in full.

   Class 5. General Unsecured Creditors. The holders of Class 5
claims will receive expected distributions under the Plan of 100%
of their allowed claims. The Court will set a claims bar date prior
to the closing of the sale of the 700 Property and 224 Property,
and all these claims will be paid pro rata at the closing, unless
an objection has been filed to such claims.  In the event that
there are any disputed claims at such time, cash equivalent to the
pro rata amount of such claim shall be placed in escrow, and shall
be distributed upon the adjudication of such claim.  

The Plan will be funded by the liquidation of the 700 Property and
224 Property.

Lamar P. Fisher and Fisher Auction Company together with a
headquarter broker of the Auctioneer’s choosing shall implement
an extensive Accelerated Marketing Plan to advertise the sale of
the 700 Property and 224 Property to conduct the Auction sale. The
Auction shall take place at the 700 Property on October 27, 2016.

A full-text copy of the Disclosure Statement is available at
http://bankrupt.com/misc/lawb15-51354-85.pdf

Attorney for RREF II PEBP-LA, LLC:

   Laura F. Ashley, Esq.
   Jones Walker LLP
   201 St. Charles Avenue, 49th Floor
   New Orleans, Louisiana 70170-5100
   Telephone: (504) 582-8000
   Email: lashley@joneswalker.com

          About Kids Only III

Kids Only III of Lafayette, LLC sought protection under Chapter 11
of the (Bankr. W.D. La. Case No. 15-51355) on October 20, 2015. The
Debtor tapped Thomas E. St. Germain, Esq. of Weinstein Law Firm  as
its counsel.


LANSING TRADE: S&P Lowers CCR to 'B'; Outlook Stable
----------------------------------------------------
S&P Global Ratings said that it lowered its corporate credit rating
on Lansing Trade Group LLC to 'B' from 'B+'.  The rating outlook is
stable.

At the same time, S&P lowered its issue-level rating on the
company's $175 million unsecured notes to 'B' from 'B+'.  The '3'
recovery rating is unchanged, indicating S&P's expectation for
meaningful recovery (50%-70%; lower half of the range) of principal
in the event of a payment default.

"The downgrade reflects our view that Lansing's recent losses
reflect a more aggressive risk profile in its trading activities
than we had previously factored into our ratings," said S&P Global
Ratings' credit analyst Jessica Paige.  The company's proprietary
trading business experienced significant trading losses due to
unanticipated changes in soybeans future prices in the second
quarter of this year.  No risk management limits were breached when
the losses were incurred, and the company halted trading activity
once those internal risk limits were reached.  However, S&P
believes the risk appetite in this division (which includes a
significant amount of equity capital at risk) coupled with the
company's earnings exposure to export-related activities that have,
on more than one occasion, incurred losses due to unforeseen trade
restrictions, reflect a higher degree of risk than S&P previously
assessed.  Besides the proprietary trading business, the company's
core grain segment continues to experience compressed margins from
an oversupplied agricultural commodities global market, which S&P
expects to modestly improve in the second half of 2016.  As a
result of the poor grain merchandising market conditions, Lansing
is unable to benefit from its overall earnings diversity and offset
the losses incurred in its proprietary trading and distiller's
dried grains with solubles (DDGS) export businesses.

"The stable rating outlook reflects our view that Lansing will
maintain modest cash flow ratios, despite our expectation for
significant earnings decline in 2016," said Ms. Paige.  "We believe
the company will maintain debt to EBITDA near 1x and debt to equity
between 45%-50%."

S&P could lower its corporate credit rating on Lansing if the
company's adjusted debt balances increase materially during a
weaker earnings cycle, resulting in debt to EBITDA approaching 4x
or debt to capital of more than 55%.  S&P believes this could occur
if EBITDA declines by more than 40%, possibly due to proprietary
trading losses and weak container export earnings, and adjusted
debt balances increase by more than $100 million.

An upgrade is unlikely over the next year, given S&P's view that
the company's core grain merchandising earnings will remain
pressured and the company isn't likely to repay debt or increase
its equity sufficiently to improve capital adequacy.  Still, S&P
could raise the rating if the company improves and maintains EBITDA
at more normalized levels without incurring substantial losses in
its trading and export businesses or if it sustains its existing
cash flow ratios and reduces debt to capital below 45%.


LBH NATIONAL: US Trustee Fails to Appoint Creditors' Committee
--------------------------------------------------------------
U.S. Trustee Patrick S. Layng informs the U.S. Bankruptcy Court for
the District of Colorado that a committee of unsecured creditors
has not been appointed in the Chapter 11 case of LBH National
Corporation due to insufficient response to the U.S. Trustee
communication/contact for service on the committee.

                 About LBH National Corporation

LBH National Corporation sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Colo. Case No. 16-16247) on June 23,
2016.  The petition was signed by Roger Herman, president and CEO.
The case is assigned to Judge Michael E. Romero.  The Debtor is
represented by Lee M. Kutner, Esq., and Jeffrey S. Brinen, Esq., at
Kutner Brinen, P.C., in Denver.  At the time of the filing, the
Debtor estimated its assets and liabilities at $1 million to $10
million.


LEAP FORWARD GAMING: Files Plan of Liquidation
----------------------------------------------
Leap Forward Gaming, Inc., filed with the U.S. Bankruptcy Court its
Plan of Liquidation and accompanying Disclosure Statement, which
provide for the use of the Prepetition Secured Parties’ cash
collateral to fund employee payroll and operating expenses until
the sale of Debtor's assets (primarily intellectual property and
inventory) to IGT.

The resulting $2,500,000 cash proceeds from the sale, plus any
remaining cash collateral, will be distributed to Pre-Petition
Secured Parties.

The Debtor's assets as of Petition Date total approximately $2.5
million.  Principal assets include:

   -- Cash and cash equivalents ($616,448)
   -- Patents and source code ($1,000,000)
   -- Inventory and deposits on inventory ($817,690)

The Debtor's liabilities as of Petition Date total $26 million and
are categorized under the Plan as:

   * Class A - Secured loans by Pre-Petition Secured Parties,
amounting to $12,220,822 of secured loan

   * Class B - Priority Claims, amounting to $62,000 for paid time
off and other components.

   * Class C - Unsecured Claims, consisting of:

      -- $6,883,398 unsecured loan from Ernest W. Moody Revocable
Trust
      -- $1,812,500 customer down payment from Thunder Valley
Casino Resort, for a sales order
      -- $1,010,982 customer down payment from Venetian Macau
Limited, for a sales order
      -- $240,000 to Latham & Watkins LLP, for legal services
      -- $200,000 unsecured loan from Ali Saffari
      -- $116,859 payable to Hitachi High Technologies America, for
product shipped prior to Petition Date (vendor would not authorize
return)
      -- $90,000 payable to Darby Bryant ($30,000 annual deferred
pay for each of 2013, 2014, 2015)
      -- $12,000 payable to Ali Saffari for accrued vacation (in
excess of $12,800 cap)
      -- $7,200 payable to Craig Paulsen for unpaid 2015 bonus (in
excess of $12,800 cap)
      -- $3,214,413 unsecured loan

Class A will receives distribution of the Class A distribution,
Class B will be receiving payment in full, while Holders of Claims
in Class C that do not opt out of the Release will receive their
Pro Rata share of the remainder of the Class A Lender Payment after
distributions are made to all Allowed Priority Claims under class
B.
      
A full-text copy of the Disclosure Statement is available at
http://bankrupt.com/misc/nvb16-50850-btb-51.pdf

Attorney for Debtor:

      Jeffrey L. Hartman, Esq.
      HARTMAN & HARTMAN
      510 West Plumb Lane, Suite B
      Reno, Nevada 89509
      Telephone: 775.324.2800
      Fax: 775-324-1818
      Email: notices@bankruptcyreno.com

             About Leap Forward Gaming, Inc.

Leap Forward Gaming, Inc. filed a chapter 11 petition (Bankr. D.
Nev. Case No. 16-50850) on July 8, 2016.  The petition was signed
by Darby Bryan, CFO/Controller.  The Debtors are represented by
Jeffrey L. Hartman, Esq., at Hartman & Hartman.  The case is
assigned to Judge Bruce T. Beesley.  The Debtor disclosed assets of
$2.46 and debts of $26.02 million at the time of the filing.


LEHMAN BROTHERS: LBSF's Claims Against BofA Dismissed
-----------------------------------------------------
Jonathan Randles, writing for Bankruptcy Law360, reported that New
York Bankruptcy Judge Shelley Chapman on Aug. 4, 2016, dismissed
breach of contract claims in a billion-dollar litigation brought by
Lehman Brothers Special Financing against Bank of America and other
financial institutions over the early termination of credit default
swaps after Lehman Brothers declared bankruptcy in 2008.  Judge
Chapman dismissed four claims included in an LBSF lawsuit arising
from the termination of so-called Pyxis credit default swaps.

                     About Lehman Brothers

Lehman Brothers Holdings Inc. -- http://www.lehman.com/-- was the

fourth largest investment bank in the United States.  For more
than 150 years, Lehman Brothers has been a leader in the global
financial markets by serving the financial needs of corporations,
governmental units, institutional clients and  individuals
worldwide.

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

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

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

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

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

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

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

                          *     *     *

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

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


LESLIE JOE WENNINGER: Final Plan Outline Hearing on Aug. 25
-----------------------------------------------------------
The Hon. Janice D. Loyd of the U.S. Bankruptcy Court for the
Western District of Oklahoma has conditionally approved Leslie Joe
Wenninger and Cheryl Lynn Wenninger's disclosure statement
explaining their Chapter 11 Plan dated July 22, 2016.

A hearing to consider final approval of the Disclosure Statement is
set for Aug. 25, 2016, at 9:30 a.m.

Aug. 18, 2016, is fixed as the last day for filing and serving
written objection to the Disclosure Statement and Confirmation of
the Plan.  Aug. 18 is also fixed as the last day for filing written
acceptances or rejections (Ballots) of the Plan.

Leslie Joe Wenninger and Cheryl Lynn Wenninger filed for Chapter 11
bankruptcy protection (Bankr. W.D. Okla. Case No. 16-10560) on Feb.
24, 2016.


LIFE PARTNERS: Fiduciaries Recommend Moran Investor Plan
--------------------------------------------------------
H. Thomas Moran, II, Chapter 11 Trustee for Life Partners Holdings
Inc. (LPHI), is clarifying for LPHI creditors that the "Investor
Plan" proposed by Mr. Moran and the Official Committee of Unsecured
Creditors in the Life Partners bankruptcy case is the only plan
being recommended by all of the Court-appointed fiduciaries, each
of whom has a legal responsibility to protect creditors' financial
interests in the case.

Moran noted that the Third Amended Joint Plan of Reorganization
("Investor Plan") has been distributed for consideration by all of
the creditors in the LPHI bankruptcy proceedings.  Ballots were
sent last month to the creditors and must be received by the
bankruptcy administrator no later than August 23rd.  For more
information, please visit http://www.LPHITrustee.com/

"This is an extremely complex case, with multiple competing
interests and complicated legal issues involved, but we have
labored to preserve the assets and to put together a plan that
maximizes distribution to the creditors," said Mr. Moran, a
well-respected expert who has devoted his entire career to the
insurance industry.  "The plan we have submitted was created with
input from investors, designed for their maximum benefit and
flexibility, and will be overseen by folks who are walking in their
shoes."

The Investor Plan is the only one submitted to creditors for
approval that achieves three crucial objectives:

   -- Creates the necessary structure to maximize financial
recovery for investors;

   -- Is flexible enough to offer multiple options so investors can
select the one that works best for their individual circumstances;
and

   -- Will be implemented and monitored by an oversight board that
includes fellow investors/creditors.

The Investor Plan will be implemented in partnership with Vida
Capital, Inc., an industry-recognized expert in life settlements
and Registered Investment Adviser (RIA) recently listed among
Barron's 2016 Top 100 Funds.  Vida manages more than $1 billion of
equity capital in life settlements assets and services more than $2
billion in face value of life insurance policies.  Vida has
committed to providing the necessary capital to LPHI so funds can
be distributed to fractional holders as soon as possible.

"Vida Capital is pleased to be a part of the Investor Plan, the
goal of which is to maximize the return of capital to the creditors
without delay," said Dan Young, vice president of portfolio
management at Vida Capital.  "We look forward to confirmation of
the Investor Plan and to working hard on behalf of the creditors to
this end."

"The Investor Plan makes the most sense for three reasons," said
John Mitchell, CPA, an LPI investor who recently reviewed both
competing plans that have been proposed.  "First, the trustee
recommends working with Vida Capital over Transparency, which is
important because the trustee knows all the details and has a
fiduciary duty to do what's best for the investors.  Second, Vida
is one of the top three companies in the life settlement industry
in terms of size and has a sterling reputation.  Third, the
Investor Plan is less expensive and all of the work will be done
with existing staff at Vida and Life Partners, as opposed to
outsourcing the work, as is the case with the other plan.  To me,
choosing the Investor Plan proposed by the trustee and the
creditors' committee is a no-brainer."

The bankruptcy case includes Life Partners Inc. (LPI), a Waco,
Texas-based company, which sold its 22,000 investors fractional
positions relating to life insurance policies it had purchased from
consumers.  In December 2014, the U.S. Securities and Exchange
Commission (SEC) secured a court order for Life Partners and its
senior executives to pay more than $46.8 million for engaging in
"serious violations" of the securities laws that "deprived the
investing public of the information it needed to make a fully
informed decision about whether to invest in Life Partners."

In the aftermath of that judgment, the company's former management
put the company in bankruptcy in the Northern District of Texas
(Fort Worth Division, Case No. 15-40289-RFN-11).  The SEC and the
U.S. Trustee's Office, a Justice Department office that monitors
bankruptcy cases, each requested the appointment of a Chapter 11
Trustee who would be totally independent of prior management.  In
March 2015, the U.S. Trustee appointed Moran, tasking him with the
legal duty of stepping in to assume temporary control over the
assets and business operations of the company, and to develop a
plan of reorganization.

"It's important that creditors understand the Investor Plan is the
only plan that has been endorsed by individuals who have a legally
binding obligation to act in the best interests of the LPI
investors and other creditors in this case," said Mr. Moran.  "Any
competing plan they may hear about was created by individuals who
are not bound by those same fiduciary responsibilities under the
Court's supervision."

                     About the Investor Plan

The Investor Plan in the Life Partners bankruptcy proceedings is
the plan developed and presented by H. Thomas Moran, II, Chapter 11
Trustee, and the Official Committee of Unsecured Creditors.

                    About Life Partners Holdings

Headquartered in Waco, Texas, Life Partners Holdings, Inc. --
http://www.lphi.com/-- is the parent company engaged in the
secondary market for life insurance, commonly called "life
settlements."  Since its incorporation in 1991, Life Partners,
Inc., has completed over 162,000 transactions for its worldwide
client base of over 30,000 high net worth individuals and
institutions in connection with the purchase of over 6,500 policies
totaling over $3.2 billion in face value.

LPHI is a publicly traded company incorporated in Texas and its
common stock has been delisted from the NASDAQ (formerly trading
under the symbol LPHI).

Life Partners Holdings sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Tex. Case No. 15-40289) on Jan. 20,
2015.

The case is assigned to Judge Russell F. Nelms.  J. Robert Forshey,
Esq., at Forshey & Prostok, LLP, serves as counsel to the Debtor.

LPHI disclosed $2,406,137 in assets and $52,722,308 in liabilities
as of the Chapter 11 filing.

The official committee of unsecured creditors formed in the case
tapped Munsch Hardt Kopf & Harr, P.C., as counsel.

Tracy A. Bolt of BDO USA, LLP was named as examiner for the
Debtor's case.  At the behest of the U.S. Securities and Exchange
Commission, the U.S. Trustee, and the Creditors Committee, the
Court ordered the appointment of a Chapter 11 trustee.  On March
13, 2015, H. Thomas Moran II was appointed as Chapter 11 trustee in
LPHI's case.  The trustee is represented by Thompson & Knight LLP.

The Chapter 11 trustee signed Chapter 11 bankruptcy petitions for
LPHI's subsidiaries on May 19, 2015: Life Partners Inc. (Case No.
15-41995) and LPI Financial Services, Inc. (Case No. 15-41996).

Life Partners is estimated to have $100 million to $500 million in
assets and more than $1 billion in debt.  LPI Financial estimated
less than $50,000.


LOGAN'S ROADHOUSE: Asks Court to Approve $75-Mil. DIP Loans
-----------------------------------------------------------
Roadhouse Holding Inc., et al., seek permission from the Bankruptcy
Court to obtain a postpetition financing pursuant to a
debtor-in-possession credit agreement among Logan's Roadhouse,
Inc., as borrower, Cortland Capital Market Services LLC, as
administrative agent and collateral agent, the DIP lenders and the
other Debtors as guarantors.

The Debtors also seek authority to use cash collateral of the
prepetition secured parties and the provision of adequate
protection to the Prepetition Secured Parties for any diminution in
value of their interests in the Prepetition Collateral, including
Cash Collateral.  As of the Petition Date, the Debtors have
outstanding debt obligations in the aggregate principal amount of
about $416 million, consisting primarily of approximately (a) $23.9
million in secured loans under a first lien senior secured
revolving credit facility dated as of Oct. 4, 2010, with JPMorgan
Chase Bank, N.A., as administrative agent and collateral agent, (b)
$378.0 million in principal amount of second-priority senior
secured notes, and (c) $14 million owed to vendors, landlords and
other unsecured creditors.

The DIP Facilities provide an aggregate principal amount of up to
$75 million, consisting of (i) the $25 million New Money Facility,
consisting of $10,000,000 in initial commitments and $15,000,000 in
delayed draw commitments, and (ii) the Roll Up Facility pursuant to
which each DIP Lender, following entry of (A) the Interim Order,
will receive new notes in exchange for each DIP Lender's claim for
notes issued under the Prepetition Indentures on a
dollar-for-dollar basis for every dollar of borrowings actually
disbursed under the New Money Facility by such DIP Lender, and (B)
the Final Order, will receive additional new notes so that the
total notes received by each DIP Lender will result in an exchange
on a 2:1 basis for every dollar of borrowings actually disbursed
under the New Money Facility by each DIP Lender.

Proceeds from the DIP Facilities will be used for working capital
and for general corporate purposes, subject to the DIP budget and
the terms and conditions of the DIP Credit Agreement and DIP
Orders, including to (i) funds costs of the administration of the
Debtors' Chapter 11 cases and the consummation of the
Restructuring; (ii) fund interest, fees and other payments
contemplated in respect of the DIP Facilities, including, without
limitation, the Adequate Protection Payments; and (iii) roll-up a
portion of the Prepetition Notes.

Borrowings under the Credit Facilities bear a per annum rate of
LIBOR + 8.5%, with a LIBOR floor of 1.00% (Eurodollar Rate Loans)
and a per annum rate equal to Base Rate + 7.5%, with a Base Rate
floor of 2.00% (Base Rate Loans).  During a continuing event of
default, interest rate is a per annum rate equal to 3.00% higher
than the non-default rate.

A fee is payable to each DIP Lender on the Closing Date of 2% of
stated principal amount of such DIP Lender's Commitments, which
will be paid in kind and added to the outstanding amount of the
Loans.  A fee is payable to each Backstop Lender on each Funding
Date of 3% of stated principal of such Backstop Lender's
Commitments funded on such Funding Date, which will be paid in
cash.  A fee is payable to each DIP Lender (other than a Defaulting
Lender) on the daily amount that such DIP Lender's Commitments (but
only the Initial Commitments prior to the Final Order Entry Date)
exceeds its Pro Rata Share of the aggregate outstanding principal
amount of the Initial Loans and (only after the Final Order Entry
Date) the Delayed Draw Loans at a rate of 0.5% per annum, payable
in arrears on the last business day of each month and on the DIP
Maturity Date.  The Borrower will pay the DIP Administrative Agent
$35,000 per annum, plus any extraordinary costs as mutually agreed
to by Borrower and the DIP Administrative Agent.

Carl Marks Management Company, LLC; Marblegate Asset Management,
LLC; GSO Capital Partners LP; and Kelso & Company, L.P. will,
either directly or through one or more affiliated funds or
financing vehicles (or funds or accounts advised or sub-advised by
such person) (the "Backstop Lenders"), finance the DIP Facilities
on a pro rata basis, determined based on the outstanding principal
amount of notes held by the Backstop Lenders and their affiliated
funds (or funds or accounts advised or sub-advised by such person)
under the Prepetition Indentures.

To secure the DIP Obligations, the DIP Agent, for the benefit of
itself and the DIP Lenders, will be granted continuing, valid,
binding, enforceable, non-avoidable, and automatically and properly
perfected DIP Liens in the DIP Collateral.

The Prepetition Secured Parties are granted (i) pursuant to
Sections 361, 363(e) and 364(d) of the Bankruptcy Code, continuing,
valid, binding, enforceable and automatically perfected
postpetition liens, on all DIP Collateral, including Cash
Collateral and (ii) pursuant to Section 507(b) of the Bankruptcy
Code, allowed superpriority administrative expense claims, to the
extent of any diminution in value of their interests in the
Prepetition Collateral.

The DIP Credit Agreement contains certain Plan milestones,
including (i) the filing of the Reorganization Plan and Disclosure
Statement by no later than Aug. 15, 2016, (ii) entry of the Final
DIP Order and an order approving assumption of the RSA within 35
calendar days of the Petition Date, (iii) entry of an order
approving the Disclosure Statement by no later than Sept. 26, 2016,
(iv) entry of an order confirming the Reorganization Plan by no
later than Nov. 7, 2016; and (v) occurrence of the Effective Date
by no later than Nov. 14, 2016.

"The Debtors are at a point where they do not have adequate
liquidity to fund their go-forward operations.  The Debtors'
management, board, and professionals have reviewed their
restructuring alternatives in detail over the past several months
and have explored alternative sources of capital and financing as
part of this process.  This includes implementing the 2015 note
exchange, and exploring additional out-of-court exchange and other
financing transactions.  None of those efforts yielded a result
that would allow the Debtors to continue to operate outside of
Chapter 11," said Robert S. Brady, Esq., at Young Conaway Stargatt
& Taylor, LLP, one of the Debtors' attorneys.   

"Without access to the DIP Facilities, the Debtors could experience
a liquidity shortfall and would be deprived of the capital
necessary to operate their businesses.  The DIP Facilities will
provide the funding necessary to allow the Debtors to, among other
things, maintain their businesses in the ordinary course and
successfully implement their restructuring under the plan
contemplated by the RSA.  The DIP Facilities also will enhance the
Debtors' ability to minimize disruption to their businesses and
instill confidence in their various creditor constituencies,
including customers, employees, landlords, vendors, and service
providers," he maintained.

                     About Logan's Roadhouse

Logan's Roadhouse, Inc., a Tennessee corporation, operates
full-service casual dining steakhouses.  Prior to the Petition
Date, the Debtors' operations encompassed approximately 234
company-owned restaurants located in 23 states, with a workforce of
approximately 18,964 employees, and an additional 26 franchised
restaurants.  The Debtors offer specially-seasoned aged steaks and
southern inspired dishes in a roadhouse atmosphere that includes
their "bottomless buckets" of roasted in-shell peanuts.  All of the
Debtors' company-owned and franchised restaurants operate under the
name Logan's Roadhouse.

Each of Roadhouse Holding Inc., Roadhouse Intermediate Inc.,
Roadhouse Midco Inc., Roadhouse Parent Inc., LRI Holdings, Inc.,
Logan's Roadhouse, Inc.,  Logan's Roadhouse of Texas, Inc., and
Logan's Roadhouse of Kansas, Inc. filed a voluntary petition under
Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Case Nos.
16-11819 to 16-11827) on Aug. 8, 2016.  The petitions were signed
by Keith A. Maib as chief restructuring officer.

Debtor Logan's Roadhouse's estimated assets in the ragne of $100
million to $500 million and debts of $500 million to $1 billion.

The Debtors have hired Young Conaway Stargatt & Taylor, LLP as
counsel, Mackinac Partners, LLC as restructuring advisor, Jefferies
LLC as financial advisor and Donlin, Recano & Company, Inc. as
notice and claims agent.

Judge Brendan Linehan Shannon is assigned to the cases.


LOGAN'S ROADHOUSE: Case Summary & 30 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

       Debtor                                      Case No.
       ------                                      --------
       Roadhouse Holding Inc.                      16-11819
       3011 Armory Drive, Suite 300
       Nashville, TN 37207

       Roadhouse Intermediate Inc.                 16-11820
       Roadhouse Midco Inc.                        16-11821
       Roadhouse Parent Inc.                       16-11822
       LRI Holdings, Inc.                          16-11823
       Logan's Roadhouse, Inc.                     16-11825
       Logan's Roadhouse of Texas, Inc.            16-11826
       Logan's Roadhouse of Kansas, Inc.           16-11827

Type of Business: Operates full-service casual dining steakhouses

Chapter 11 Petition Date: August 8, 2016

Court: United States Bankruptcy Court
       District of Delaware (Delaware)

Judge: Hon. Brendan Linehan Shannon

Debtors' Counsel: Robert S. Brady, Esq.
                  Edmon L. Morton, Esq.
                  Ryan M. Bartley, Esq.
                  Elizabeth S. Justison, Esq.
                  Norah M. Roth-Moore, Esq.
                  YOUNG CONAWAY STARGATT & TAYLOR, LLP
                  Rodney Square
                  1000 North King Street
                  Wilmington, Delaware 19801
                  Tel: (302) 571-6600
                  Fax: (302) 571-1253
                  Email: rbrady@ycst.com
                         emorton@ycst.com
                         rbartley@ycst.com
                         ejustison@ycst.com
                         nroth-moore@ycst.com

Debtors'          MACKINAC PARTNERS, LLC
Restructuring
Advisor:

Debtors'          JEFFERIES LLC
Financial
Advisor:

Debtors'          DONLIN, RECANO & COMPANY, INC.
Claims &          Re: Roadhouse Holding Inc.,et al.
Notice            P.O. Box 199043
Agent:            Blythebourne Station
                  Brooklyn, NY 11219
                  Tel: (212) 771-1128

Logan's Roadhouse's Estimated Assets: $100 million to $500 million

Logan's Roadhouse's Estimated Debts: $500 million to $1 billion

The petition was signed by Keith A. Maib, chief restructuring
officer.

Debtors' List of 30 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
National Retail Properties              Rent            $521,869
450 S. Orange Avenue, Suite 900
Orlando FL 32801
Sam Khatib
Sam.Khatib@nnnreit.com /
leticia.thresher@nnnreit.com

Cintas Corporation No 2              Trade Payable      $337,958
4601 Creekstone Dr
Ste 200
Durham NC 27703
Sean McLauglin
AppleM@cintas.com /
mclaughlins@cintas.com
Facsimile No. 919-882-8325

Republic Services, LLC               Trade Payable       $269,613
PO Box 99917
Chicago IL 60696-7717
Jeff Moody                          
SSmetzler@republicservices.com
/ jmoody@republicservices.com

dba REMCO                            Trade Payable       $208,000
Email: service@remcoalabama.com /
cort@remcosoutheast.com

BullsEye Telecom Inc                 Trade Payable       $193,194
PO Box 33752
Detroit MI 48232-3752
Email: help@bullseyetelecom.com

Coca Cola - Dr Pepper Fairshare      Trade Payable       $185,785
Email: bimarshall@coca-cola.com

Ecolab Pest                          Trade Payable       $178,750
Email: guy.turner@ecolab.com

Store Capital                            Rent            $159,457
Email: cbarnett@storecapital.com /
fincollections@storecapital.com

Brink's Incorporated                 Trade Payable       $141,682
Email: alringer@brinksinc.com

Printed Images, Inc.                 Trade Payable       $127,647
Email: mark.mcgill@proforma.com

Reed Smith LLP                       Professional        $114,843
Email: MAires@ReedSmith.com             Services

AR Global                               Rent             $109,893
Email: apoku-kankam@ar-global.com

Compeat Inc                          Trade Payable       $108,931
Email: stacy.doucet@compeat.com

dba People Matter Billing            Trade Payable       $108,870
Email: billing@peoplematter.com

VEREIT                                  Rent             $108,058
Email: gkindred@vereit.com

Butler, Shine, Stern & Partner       Trade Payable       $106,997
Email: abayer@bssp.com

Dykes Restaurant Supply              Trade Payable       $104,963
Email: fspinelli@dykesfoodservice.com

Outdoor Nation LLC                   Trade Payable       $102,825
Email: kim.clausen@outdoornation.net

Squirrel Systems G.P.                Trade Payable        $93,725
Email: kgrewal@squirrelsystems.com

AO Smith Corporation                 Trade Payable        $85,885
Email: dhyde@hotwater.com

Aramark Uniform & Career Appar       Trade Payable        $84,215
Email: Kelley-Suzanne@aramark.com

IA Management LLC                       Rent              $66,325
Email: chrissy.hart@iamanagement.com

Whitex Financial Inc                    Rent              $65,293
Email: alec@deffis-whittaker.com

Warren Logan's Ohio LLC                 Rent              $64,117
Email: helen@otiswarren.com

Blair Manassas, LLC                     Rent              $63,264
Email: bgotlinger@verizon.net /
Steve.Georgilakis2@verizon.net

Moody's                             Trade Payable         $59,583
Email: donna.hamrah@moodys.com

NSF International Food Safety       Trade Payable         $57,251
Email: nsfbilling@nsf.org

John E Lewis                            Rent              $57,249

2 Combs Enterprises Inc             Trade Payable         $54,843  
    
Email: christopherlcombs.34@gmail.com

Sang S. Yi & Young Ae Yi                Rent              $54,735
Email: sammylee53@gmail.com


LOGAN'S ROADHOUSE: Employs Donlin Recano as Claims & Notice Agent
-----------------------------------------------------------------
Roadhouse Holding Inc., et al., filed an application with the
Bankruptcy Court seeking approval of their retention of Donlin,
Recano & Company, Inc., as claims and noticing agent, in lieu of
the Clerk of the United States Bankruptcy Court for the District of
Delaware, effective nunc pro tunc to the Petition Date.

The Debtors anticipate that there will be thousands of entities to
be noticed in these cases.  In view of the number of anticipated
claimants, the Debtors assert that the appointment of a claims and
noticing agent is both necessary and in the best interests of the
their estates and their creditors.

By appointing DRC as the claims and noticing agent in these cases,
the Debtors anticipate that the distribution of notices and the
processing of claims will be expedited, and the Clerk's office will
be relieved of the administrative burden of processing what may be
an overwhelming number of claims.

DRC's hourly rates for professional services are as follows:

       Title                              Hourly Rate
       -----                              -----------
       Senior Bankruptcy Consultant          $165
       Case Manager                          $140
       Technology/Programming Consultant     $110
       Consultant/Analyst                    $90
       Clerical                              $45

The Debtors request that the undisputed fees and expenses incurred
by DRC in the performance of the services be treated as
administrative expenses of their estates and be paid in the
ordinary course of business without further application to or order
of the Court.

Prior to the Petition Date, the Debtors provided DRC a retainer in
the amount of $25,000, which was applied to prepetition fees under
the Engagement Agreement and the services agreement that is the
subject of the Administrative Advisor Application.  In addition,
DRC received certain payments from the Debtors for services
performed prior to the Petition Date.  DRC seeks to first apply the
retainer to all pre-petition invoices, thereafter, to have the
retainer replenished to the original retainer amount, and
thereafter, to hold the retainer under the Engagement Agreement
during these Chapter 11 cases as security for the payment of fees
and expenses under the Engagement Agreement.

DRC represents that it is a "disinterested person" as that term is
defined in Section 101(14) of the Bankruptcy Code with respect to
the matters upon which it is to be engaged.

                      About Logan's Roadhouse

Logan's Roadhouse, Inc., a Tennessee corporation, operates
full-service casual dining steakhouses.  Prior to the Petition
Date, the Debtors' operations encompassed approximately 234
company-owned restaurants located in 23 states, with a workforce of
approximately 18,964 employees, and an additional 26 franchised
restaurants.  The Debtors offer specially-seasoned aged steaks and
southern inspired dishes in a roadhouse atmosphere that includes
their "bottomless buckets" of roasted in-shell peanuts.  All of the
Debtors' company-owned and franchised restaurants operate under the
name Logan's Roadhouse.

Each of Roadhouse Holding Inc., Roadhouse Intermediate Inc.,
Roadhouse Midco Inc., Roadhouse Parent Inc., LRI Holdings, Inc.,
Logan's Roadhouse, Inc.,  Logan's Roadhouse of Texas, Inc., and
Logan's Roadhouse of Kansas, Inc. filed a voluntary petition under
Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Case Nos.
16-11819 to 16-11827) on Aug. 8, 2016.  The petitions were signed
by Keith A. Maib as chief restructuring officer.

Debtor Logan's Roadhouse's estimated assets in the ragne of $100
million to $500 million and debts of $500 million to $1 billion.

The Debtors have hired Young Conaway Stargatt & Taylor, LLP as
counsel, Mackinac Partners, LLC as restructuring advisor, Jefferies
LLC as financial advisor and Donlin, Recano & Company, Inc. as
notice and claims agent.

Judge Brendan Linehan Shannon is assigned to the cases.


LOGAN'S ROADHOUSE: Files for Chapter 11 Bankruptcy Protection
-------------------------------------------------------------
Logan's Roadhouse, Inc., and seven of its subsidiaries, a
restaurant chain that first opened in Lexington, Kentucky in 1991,
commenced cases under Chapter 11 of the Bankruptcy Code to
implement a balance sheet and operational restructuring that will
allow them to become a market leading casual dining steakhouse
operator.

The bankruptcy filing comes after reaching an agreement with their
prepetition revolving facility lenders and holders of more than
83.9% of the approximately $378.0 million in principal amount of
notes pursuant to which the parties agree to support the
restructuring, including committed exit financing facilities, that
will deleverage the Company by over $300 million.

"Through these chapter 11 cases, the Debtors intend to pursue a
swift and efficient chapter 11 plan confirmation process to
preserve and maximize the value of their assets for the benefit of
their stakeholders," according to Keith A. Maib, chief
restructuring officer.  "With a deleveraged balance sheet, a
rationalized portfolio of restaurants, and the operational
initiatives that the Debtors are implementing in conjunction with
their financial restructuring, the Debtors believe that they will
be poised to offer their customers best in class service and
product within the casual dining steakhouse segment and will be
positioned to increase annual revenue and profitability," he
added.

Logan's Roadhouse operates a full-service casual dining steakhouses
offering specially-seasoned aged steaks and southern inspired
dishes in a roadhouse atmosphere that includes their "bottomless
buckets" of roasted in-shell peanuts.  Prior to the Petition Date,
the Debtors' operations encompassed approximately 234 company-owned
restaurants located in 23 states, with a workforce of 18,964
employees, and an additional 26 franchised restaurants.

As disclosed in the bankruptcy filing, the Debtors had net revenues
of over $606.4 million and unaudited EBITDA of minus $112 million,
which included impairment and closing charges of over $120 million
resulting in an adjusted EBITDA of approximately $8 million in
calendar year 2015.  For the first half of 2016, the Debtors had
net revenues of over $302 million.

As of the Petition Date, the Debtors have outstanding debt
obligations in the aggregate principal amount of about $416
million, consisting primarily of approximately (a) $23.9 million in
secured loans under a first lien senior secured revolving credit
facility dated as of Oct. 4, 2010, with JPMorgan Chase Bank, N.A.,
as administrative agent and collateral agent, (b) $378.0 million in
principal amount of second-priority senior secured notes, and (c)
$14 million owed to vendors, landlords and other unsecured
creditors.  

The Debtors said that their operations and financial performance
were adversely affected by the overall downturn in the economy, the
highly competitive nature of the casual family dining sector, and
poor sales results.  According to the Debtors, despite recent
trends of recovery in the overall economy, their businesses have
continued to underperform as a result of a competitive price
environment.

"The casual dining sector as a whole has continued to suffer, with
the industry facing traffic declines of approximately 3% over the
past year as consumer preferences shift towards cheaper, faster
alternatives," Mr. Maib said.  "In the first half of 2016, the
Debtors experienced an 8.77% drop in customer traffic and a 3.95%
decrease in restaurant sales."

As a result of these factors, the Debtors' revenues and EBITDA have
been insufficient to support their debt service, working capital,
and capital expenditure needs.  In realization of this fact, the
Debtors engaged in the 2015 exchange with the GSO Capital Partners,
LP Noteholders and the Kelso & Company, L.P. Noteholders in an
effort to preserve liquidity, which resulted in the elimination of
over $18.5 million in annual cash-pay interest obligations.  The
2015 exchange allowed the Debtors to avoid payment of over $9.2
million in cash interest payments that would have been due on Oct.
15, 2015, according to Court documents.  Following the Oct. 15,
2015, exchanges, approximately $143.9 million of 2010 Notes
remained outstanding.

By April 2016, the Debtors determined that they could not make
their cash coupon payments due on the Unexchanged Notes and the GSO
Notes.  Thereafter, the Debtors began negotiating with the
Revolving Facility Lenders and certain Noteholders regarding
forbearance agreements and the terms of a more comprehensive
restructuring of the Debtors and their balance sheets.  The Debtors
entered into a forbearance agreement on May 13, 2016, which was
subsequently amended to extend the forbearance period through Aug.
15, 2016.

Prior to the Petition Date, the Debtors engaged in discussions with
certain Noteholders and the Revolving Facility Lenders which
resulted in the negotiation of the RSA with the Supporting
Noteholders, Revolving Facility Agent, Supporting Lenders, and
Supporting Interest Holders.

The RSA has backstop commitments from the Supporting Noteholders to
backstop the funding of the "new money" portion of the debtor in
possession financing facilities, which will be junior to the
obligations of the Credit Agreement, for the lenders under the DIP
Facilities to roll-over that facility to an exit facility upon
emergence from Chapter 11, and for the Supporting Lenders to
backstop an exit facility that will take-out the existing
obligations under the Credit Agreement at closing.

With respect to the Plan contemplated under the RSA, the
Noteholders will receive their pro-rata share of equity in the
reorganized Debtors in exchange for their Notes, with the exception
that holders of less than $50,000 in principal amount of Notes will
receive either cash or a third-lien note rather than equity,
depending on whether they vote in favor of the Plan.  Additionally,
the Revolving Facility Lenders will receive their pro rata share of
an exit revolving facility in satisfaction of their claims under
the Credit Agreement, unless the Debtors enter into an alternative
first lien facility, in which case the Revolving Facility Lenders
will be paid in full in cash and outstanding letters of credit
issued under the Credit Agreement will be replaced or cash
collateralized at 105% of their amount. The RSA also contemplates
that holders of General Unsecured Claims will receive their pro
rata share of a cash pool if, as a class, they vote in favor of the
Plan.

Concurrently with the filing of their Chapter 11 petitions, the
Debtors have filed a number of first day motions seeking permission
to, among other things, prohibit utility providers from
discontinuing services, pay prepetition claims of certain critical
vendors, use their existing cash management system, pay obligations
to employees, obtain post-petition financing and use cash
collateral.

The Debtors have hired Young Conaway Stargatt & Taylor, LLP as
counsel, Mackinac Partners, LLC as restructuring advisor, Jefferies
LLC as financial advisor and Donlin, Recano & Company, Inc. as
notice and claims agent.  

The cases are assigned to Judge Brendan Linehan Shannon of the U.S.
Bankruptcy Court for the District of Delaware under proposed Lead
Case No. 16-11819.

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

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


LOUISIANA-PACIFIC CORP: S&P Raises Rating to 'BB'; Outlook Stable
-----------------------------------------------------------------
S&P Global Ratings said that it raised its rating on
Nashville-based Louisiana-Pacific Corp. to 'BB' from 'BB-'.  The
outlook is stable.  At the same time, S&P raised the rating on the
company's senior unsecured debt to 'BB' from 'BB-'.

The upgrade reflects the quick and sudden improvements in OSB
pricing over the past 12 months.  As a direct result of improved
OSB pricing and volumes, as well as increased profitability in LP's
engineered wood and siding segments, the company reported an
adjusted EBITDA of approximately $151 million, up from last year's
first six months adjusted EBITDA of $22 million.  LP had reduced
net leverage to approximately 1x by the end of the second quarter
ended June 30, 2016.  While this level of leverage is in the
minimal category, S&P has adjusted its assessment of the financial
risk profile of LP to significant to account for the severe
inherent volatility of earnings (and therefore credit measures)
associated with LP's wood products businesses.

S&P's fair business risk profile on Louisiana-Pacific reflects the
company's position as one of the largest North American OSB
providers.  S&P's business risk profile also incorporates the
company's good product diversification, with approximately half of
2015 revenue derived from its siding and engineered wood product
segments.  The pricing of OSB is volatile and can swing wildly in a
short amount of time.  As a result, LP's earnings and credit
metrics are also prone to extreme swings.  To help offset this
inherent volatility in the business, LP is expanding its
"value-added" products that aren't prone to volatile swings in
price and enable the company to have more pricing power.  Through
the first half of 2016, value-added product revenue increased 14%
year over year.  As this business segment grows, it will help
stabilize LP's earnings as well as improve its end market and
product diversification.

S&P's base-case scenario for LP for the remainder of 2016 and 2017
is:

   -- S&P assumes real GDP growth to be 2% and 2.4% in 2016 and
      2017, respectively.

   -- Unemployment rate to be 4.8% and 4.5% in 2016 and 2017,
      respectively.

   -- Housing starts to be 1.2 million and 1.4 million in 2016 and

      2017, respectively.

Based on these assumptions, S&P arrives at these adjusted credit
measures:

   -- Net debt to EBITDA below 1x in 2016 and 2017,
   -- Funds from operations (FFO) of approximately $200 million in

      2016, and
   -- EBITDA interest coverage of about 2.5x in 2016

S&P believes LP's liquidity is strong, given the company's cash
balances in excess of $430 million as of June 30, 2016.  S&P views
the company as having a very prudent financial policy because of
its long history of maintaining excess cash to weather cyclical
downturns and volatile OSB pricing.

Sources:

   -- $434.7 million of cash and liquid investments as of June 30,

      2016;

   -- $200 million of undrawn bank lines under the company's
      revolving credit facility, which is subject to a minimum
      cash balance requirement of $200 million; and

   -- Projected funds from operations of approximately
      $200 million for 2016.

Uses:

   -- Approximately $125 million of capital expenditures in 2016
      and 2017, and

   -- Flat to modest working capital requirements.

The stable outlook reflects S&P's view that the current level of
U.S. housing starts and construction activity will support current
OSB prices over the next year, resulting in projected EBITDA of
$300 million for LP and leverage of 1x.  S&P's stable outlook also
incorporates its expectation that LP will continue to maintain
large cash balances in excess of $400 million as a buffer against
future cyclical downturns or sudden drop in OSB pricing.

S&P could lower the rating on Louisiana-Pacific if the housing
recovery demonstrated meaningful weakness such that S&P expected
OSB prices to decline, resulting in debt leverage (after taking
surplus cash into account) of greater than 5x.  S&P could also
lower the rating if LP's cash balances were depleted such that net
leverage exceeded 5x.

S&P could raise the rating on Louisiana-Pacific if its adjusted
debt-to-EBITDA ratio were maintained at current levels to no more
than 3x on a sustained basis.  This could happen if OSB prices
stabilized for a sustained period of time due to continued strength
in the U.S. housing market or a drop in industrywide capacity.  S&P
would also look for the company's value-added products to become a
larger percentage of total revenue, thus stabilizing earnings.


LRI HOLDINGS: Files for Bankruptcy Protection
---------------------------------------------
BankruptcyData.com reported that LRI Holdings (Logan's Roadhouse)
and seven affiliated debtors filed for Chapter 11 protection with
the U.S. Bankruptcy Court in the District of Delaware, lead case
number 16-11819 (Roadhouse Holding). The Company, which operates
casual dining steakhouse restaurants, is represented by Edmon L.
Morton of Young Conaway Stargatt & Taylor. According to documents
filed with the Court, "Over the course of the last few years, a
series of factors has contributed to the Debtors' need to file
these chapter 11 cases, as described below. Critically, the
Debtors' top line sales decreased while their margins also declined
as a result of increases in commodities and labor costs. These
factors placed significant strain on the Debtors' business and
liquidity needs." Court-filed documents further note, "With respect
to the Plan contemplated under the RSA, the Noteholders will
receive their pro-rata share of equity in the reorganized Debtors
in exchange for their Notes, with the exception that holders of
less than $50,000 in principal amount of Notes will receive either
cash or a third-lien note rather than equity, depending on whether
they vote in favor of the Plan. The RSA also contemplates that
holders of General Unsecured Claims will receive their pro rata
share of a cash pool if, as a class, they vote in favor of the
Plan."


MARIA LUZ MERCADO: Plan Confirmation Hearing Set for Dec. 6
-----------------------------------------------------------
The Hon. Enrique S. Lamoutte Inclan approved the disclosure
statement explaining Maria Luz Mercado's Chapter 11 exit plan.

The hearing to consider confirmation of the Plan as well as
objections to confirmation of the Plan will be held on Dec. 6,
2016, at 10:00 a.m. at Jose V. Toledo Fed. Bldg. & U.S. Courthouse,
Courtroom #2, 300 Recinto Sur Street, Old San Juan, Puerto Rico.

Objections to claims are due 45 days prior to the hearing on
confirmation.

Plan votes are due 14 days prior to the Confirmation hearing.

Plan objections are due 21 days prior to the Confirmation hearing.

Maria Luz Mercado filed a Chapter 11 petition (Bankr. D.P.R. Case
No. 15-05476) on July 17, 2015.  The Debtor filed her Chapter 11
plan and Disclosure Statement on May 6, 2016.


MATTRESS FIRM: S&P Puts 'B+' CCR on CreditWatch Positive
--------------------------------------------------------
S&P Global Ratings placed all its ratings on mattress retailer
Mattress Firm Holding Corp. (MFRM) including its 'B+' corporate
credit rating on CreditWatch with positive implications meaning
that S&P could raise or affirm its ratings following the completion
of S&P's review following its announcement that it agreed to be
acquired by Cape Town, South Africa-based Steinhoff International
Holdings NV (Steinhoff, not rated).

"The CreditWatch listing follows MFRM's announcement that it has
signed a definitive agreement to be acquired in an all debt
transaction by the South African diversified international retailer
Steinhoff International Holdings NV (not rated) which is looking to
enter the U.S. market," said credit analyst Olya Naumova.  "The
transaction will create a global multi-brand mattress retail
distribution network with geographical diversification through its
presence on five continents.  The company indicated its financing
plans consist of about
$1.8 billion in bridge loans and $2 billion of term loans.  We
expect the transaction to close by the end of September."

S&P will resolve the CreditWatch listing following its review of
the financial impact of the transaction on MFRM, as well as any
benefits from the ownership by Steinhoff International Holdings NV.
Specifically, S&P will be focused on the pro-forma capital
structure.  S&P's initial assessment assumes that the MFRM debt
will be repaid in full as part of the transaction.


MATTRESS HOLDING: Moody's Puts B1 CFR Under Review for Upgrade
--------------------------------------------------------------
Moody's Investors Service placed the ratings of Mattress Holding
Corp. under review for upgrade following the August 7 announcement
that it signed a definitive agreement to be acquired by Steinhoff
International Holdings N.V. ("Steinhoff", Baa3 Stable) for an
enterprise value of approximately $3.8 billion.  The transaction is
subject to customary closing conditions and regulations and is
expected to close in the third quarter of 2016.

These ratings of Mattress Holding Corp. were placed on review for
upgrade:

   -- Corporate Family Rating at B1
   -- Probability of Default Rating at B1-PD
   -- $720 million senior secured term loan due 2021 at Ba3
   -- $665 million senior secured add-on term loan due 2021 at Ba3
   -- Outlook, changed to Rating under Review from Stable

The ratings of Mattress Firm will be withdrawn at the close of the
transaction, once the debt is repaid in full.

                         RATINGS RATIONALE

The review for upgrade reflects expectations that the acquisition
by Steinhoff will improve Mattress Firm's credit profile, as the
debt will be repaid or assumed by entities related to Steinhoff.
The review will focus on the likely closing of the transaction.

Mattress Holding Corp. is a subsidiary of U.S. specialty mattress
retailer Mattress Firm Holding Corp., which operates over 3,500
stores and reported revenues of over $3.5 billion in 2015 pro-forma
for the full-year impact of the February 2016 Sleepy's acquisition.
Mattress Firm Holding Corp. is publicly traded but J.W. Childs
owns approximately 36%.

The principal methodology used in these ratings was Retail Industry
published in October 2015.


MAXI CONTAINER: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: Maxi Container, Inc.
           dba MiWineBarrel
           dba MIRainBarrel
        7010 Middlebelt Road
        Romulus, MI 48174

Case No.: 16-51074

Chapter 11 Petition Date: August 8, 2016

Court: United States Bankruptcy Court
       Eastern District of Michigan (Detroit)

Judge: Hon. Phillip J Shefferly

Debtor's Counsel: Michael I. Zousmer, Esq.
                  ZOUSMER LAW FIRM GROUP PLC
                  4190 Telegraph Road, Ste. 3000
                  Bloomfield Hills, MI 48302
                  Tel: 248-351-0099
                  Fax: 248-351-0487
                  E-mail: michael@zlawplc.com

Total Assets: $695,232

Total Liabilities: $1.20 million

The petition was signed by Richard Rubin, president.

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/mieb16-51074.pdf


MAXUS ENERGY: Aug. 15 Hearing on $63.1 Million DIP Financing
------------------------------------------------------------
Maxus Energy Corporation, et al. will appear before the Delaware
Bankruptcy Court at a hearing on Aug. 15, 2016, to obtain approval
of their request for postpetition financing.

The Debtors have obtained a commitment of $63.1 million from YPF
Holdings, Inc., a non-debtor subsidiary of YPF S.A., the direct
parent of Debtor Maxus Energy Corporation.

Maxus Energy filed for Chapter 11 just days ahead of a New Jersey
trial over the cleanup bill for toxins dumped in the Passaic River.
The Debtors explained in a court filing in June that given their
current liquidity position, and lack of significant operations, and
existing indemnification and environmental liabilities, third-party
financing is not available.  The Debtors indicated in a first day
filing that they have $6.4 million of cash on hand on the Petition
date.

According to the Debtors, to reach a successful resolution and fund
the costs of these chapter 11 cases, they desperately require
additional liquidity. The Debtors' objectives in these chapter 11
cases are to implement a prepetition settlement with their ultimate
corporate parent, YPF, S.A., and additional affiliated parties,
that will curtail their longstanding indemnification obligations
and related environmental litigation and maximize recoveries for
all creditors. In order to implement the settlement and provide a
distribution to creditors, the Debtors require additional financing
to fund the Debtors' operations and the administration of these
chapter 11 cases.

                  Terms of $63.1-Mil. Financing

The DIP Facility is a revolving $63.1 million credit facility
bifurcated into two tranches: (a) Tranche A, consisting of a senior
secured, superpriority $31,900,000 facility; and (b) Tranche B,
consisting of a subordinated unsecured $31,200,000 facility.

The Tranche A Facility will be used for the Debtors' general
bankruptcy and restructuring expenses. The Tranche A Facility is
secured by a lien on substantially all of the Debtors' assets,
including overriding royalty interests in 3,000 wells, working
interests, cash, and
cash investments.  The lien securing the Tranche A Facility will be
a first priority lien and security interest on the DIP Collateral,
subject and subordinate only to payment of a Carve-Out.

The Tranche B Facility will be used to fund the Debtors' corporate
overhead expenses, such as salaries and administrative fees, the
E&P operations and related overhead, and the operations of Debtor
Tierra Solutions Inc., including all current and active remediation
projections being undertaken by Tierra.  The Tranche B Facility is
subordinate in payment to all general unsecured claims, and the
Lender will not receive repayment of the Tranche B Facility until
all allowed general unsecured claims (other than the claims of the
Lender and its affiliates) have been fully satisfied.

Of the $63.1 million provided by the DIP Facility, $11 million of
the Tranche A Facility will be available to the Debtors upon the
entry of the Interim Order.  The remaining $52.1 million will be
made available to the Debtors through revolving extensions of
credit after
the entry of the Final Order, subject to certain terms and
conditions in the DIP Agreement. The DIP Agreement contains terms
and conditions that are very fair to the Debtors and their
creditors under the circumstances, particularly considering that
the Tranche B Facility is being provided to the Debtors on a
subordinated unsecured basis.

The DIP loan has a maturity of June 30, 2017.

Interest on Advances shall be payable in arrears on each Quarterly
Payment Date. Each Loan shall bear interest on the outstanding
principal amount thereof per annum equal to 7%.  On each Quarterly
Payment Date, the full amount of accrued but unpaid interest shall
automatically be capitalized by increasing the then outstanding
principal amount of the loans by an amount equal to such accrued
and unpaid interest.

Default Interest will consist of the Fixed Rate plus 2% per annum.

The Debtors will also be required to pay a Commitment Fee equal to
2% per annum on undrawn
amounts.

                    Settlement with YPF et al.

Prior to the Petition Date, the Debtors alleged that certain claims
exist or may arise in the future against YPF, YPF International
S.A., the Lender, CLH Holdings, Inc., and YPF Services USA Corp.
related to the corporate relationship between the Debtors and the
YPF Entities, including claims based on theories of fraudulent
transfer and avoidance, and veil piercing and alter ego liability.


The YPF Entities disputed the Debtors' allegations and asserted
that they may have claims against the Debtors for contribution,
defaulted loans, and loan forgiveness.

Following good faith and arms' length negotiations, the Debtors
entered into a Settlement and Release dated June 17, 2016, whereby
the YPF Entities agreed, upon the Effective Date and other
conditions set forth therein, to fund the Debtors' estates with
$130 million.

In connection with the Settlement Agreement but prior to Bankruptcy
Court approval of the Settlement Agreement, the Lender agreed to
make the DIP Extensions of Credit under the DIP Facility to fund
the Debtors' business operations and satisfy working capital needs
and other expenses during the chapter 11 cases.

The Settlement Agreement further provides that the loan proceeds
advanced to the Debtors and any other amounts due under the DIP
Agreement, as well as those amounts that arise in the ordinary
course of the Debtors' business, will be allowed claims under a
chapter 11 plan and a confirmation order, and the YPF Entities will
be entitled to reimbursement and payment in full in cash on account
of the Allowed YPF Claims. As part of the Settlement Agreement, the
Debtors also agreed to propose a chapter 11 plan that implements
the terms of the Settlement Agreement, including the releases
contained therein.

The DIP Lender is represented in the case by:

     Chadbourne & Parke LLP
     1301 Avenue of the Americas
     New York, NY 10019
     Attention: Howard Seife
                Samuel S. Kohn
                Francisco Vazquez
     E-mail: hseife@chadbourne.com
             skohn@chadbourne.com
             fvazquez@chadbourne.com

                  About Maxus Energy

Maxus Energy Corporation and four of its subsidiaries filed
voluntary petitions for reorganization under Chapter 11 (Bankr. D.
Del., Case No. 16-11501) on June 17, 2016.  The Debtors are
primarily non-operating entities that exist to collect royalty and
revenue streams and manage remediation liabilities related to their
prior operations.

The Debtors have engaged Young Conaway Stargatt & Taylor, LLP as
local counsel, Morrison & Foerster LLP as general bankruptcy
counsel, Zolfo Cooper, LLC as financial advisor and Prime Clerk LLC
as claims and noticing agent.

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


MAXUS ENERGY: Benjamin Moore, Occidental Object to DIP Loan
-----------------------------------------------------------
Benjamin Moore & Co., and Occidental Chemical Corp., will appear
before the Delaware Bankruptcy Court at a hearing on Aug. 15, 2016,
at 10:00 a.m. to challenge the request of Maxus Energy Corporation,
et al., to obtain postpetition secured financing from YPF Holdings,
Inc., a non-debtor subsidiary of YPF S.A., the direct parent of
Debtor Maxus Energy Corporation.

Benjamin Moore said in Court papers last week that the Chapter 11
Cases are the latest chapter in the long history of attempts by
Maxus and its ultimate corporate parent, YPF, S.A., to shield their
assets from their obligations for contamination of the New Jersey
Passaic River, including, without limitation, liability under the
Comprehensive Environmental Response, Compensation and Liability
Act, 42 U.S.C. Sec. 9607(a) and claims raised in the Passaic River
Litigation.  The proposed DIP financing, Benjamin Moore argued, is
nothing more than the first in a series of steps designed to use
the Bankruptcy Court to obtain a release for the YPF Entities at a
price that is dwarfed by their potential liability at the expense
of the Debtors' creditors and other parties-in-interest.

Benjamin Moore said the Settlement Agreement between Maxus and YPF
was apparently negotiated in less than a month by questionably
independent directors, and that deal provides for a $130 million
payment by the YPF Entities in exchange for a settlement of alter
ego and other claims that could have materially greater value.  To
the extent the YPF Entities are alter egos of the Debtors, Benjamin
Moore said the YPF Entities are also responsible for those cleanup
costs and other environmental obligations and claims. Thus, the YPF
Entities stand to benefit greatly if they obtain releases in these
Chapter 11 Cases.

Benjamin Moore further pointed out that if the DIP Financing Motion
is approved, YPF Holdings, Inc., a non-Debtor subsidiary of YPF,
will be elevated to secured creditor status with priority over all
of the Debtors' creditors to the extent of the Tranche A portion of
the DIP.  Under the Proposed DIP Order, the Proposed Lender, would
receive liens over currently unencumbered assets and superpriority
claims over, inter alia, the proceeds of actions, including
avoidance actions and actions against the YPF Entities, while at
the same time limiting the resources of the Debtors that may be
used to investigate or pursue claims against the YPF Entities.

"This effectively gives YPF control over causes of action that
could otherwise be asserted against YPF or the YPF Entities,"
Benjamin Moore said.

Occidental, meanwhile, called the substantive structure of the DIP
financing "just weird."  The first half of the proposed DIP
financing -- more than $30 million in Tranche A Loans -- was made
available by YPF to fund case administration expenses, in the hope
that YPF will be able to obtain a release of all environmental and
other claims the Debtors might have against it. Those Tranche A
Loans are documented as true financings with a defined collateral
package, but the Debtors admit that they will only have the
wherewithal to pay a fraction of the projected advances at
maturity.  In effect, then, the Tranche A Loans will act less as a
traditional DIP financing and more as administrative expenses with
limited recourse only to certain of the Debtors' physical
collateral.

Occidental said the other half of the advances to be provided under
the DIP Agreement -- more than $30 million in Tranche B Loans --
are not really "financings" at all.  While the DIP Agreement
denominates Tranche B Loans as "loans" that will be due and payable
at maturity, they are expressly subordinate to all prepetition
claims, and the Debtors openly admit that they will never have the
capacity to repay any of these advances.  In effect, all
Tranche B Loans will act as a post-petition capital contribution
from the Debtors' non-debtor parent, YPF Holding, without the hope
of any return on equity.

Occidental further contends that the DIP Motion is the culmination
of a highly choreographed multi-year process by which YPF set about
to avoid the consequences of impending environmental litigation
that threatened to place substantial environmental liabilities
directly on YPF's balance sheet. Rather than do what most litigants
do when attempting to avoid a judgment -- settle with the other
litigant -- YPF undertook a different strategy: avoid litigation
with Occidental and avoid settling with Occidental.  

The centerpiece of that strategy, according to Occidential, is the
proposed bilateral settlement between the Debtors and YPF and
affiliates that purports to resolve all alter ego and fraudulent
conveyance claims asserted by Occidental against the YPF Entities
for a single, all-in payment of $130 million -- a sum that is $70
million less than YPF had already reserved for these liabilities,
according to its own securities filings.

In order for that strategy to work, however, two things must happen
in Bankruptcy Court, according to Occidential: first, YPF has to
avoid being compelled by regulators to fund critical ongoing
remediation expenses of the Debtors. As will be shown at the
hearing, this is exactly why YPF has committed to fund the
obligations to be paid out of the subordinated "Tranche B" Loans.
Second, YPF needs access to non-consensual third party releases
from the Bankruptcy Court, which can only exist in a Chapter 11
plan, and those can only take effect if the Debtors can meet their
administrative expenses as they become due from filing through plan
consummation. Thus, in context, the DIP Motion has little if
anything to do with "preserving value" for the estates or their
creditors.

Counsel to Benjamin Moore & Co.:

         GREENBERG TRAURIG, LLP
         Dennis A. Meloro, Esq.
         The Nemours Building
         1007 North Orange Street, Suite 1200
         Wilmington, DE 19801
         Telephone: (302) 661-7000
         Facsimile: (302) 661-7360
         E-mail: melorod@gtlaw.com

                 - and -

         Nancy A. Mitchell, Esq.
         Maria J. DiConza, Esq.
         Sara A. Hoffman, Esq.
         MetLife Building
         200 Park Avenue
         New York, NY 10166
         Telephone: (212) 801-9200
         Facsimile: (212) 801-6400
         E-mail: mitchelln@gtlaw.com
                 diconzam@gtlaw.com
                 hoffmans@gtlaw.com

Counsel to Occidental:

         RICHARDS, LAYTON & FINGER, P.A.
         Mark D. Collins, Esq.
         Robert C. Maddox, Esq.
         Brendan J. Schlauch, Esq.
         One Rodney Square
         920 North King St., Suite 200
         Wilmington, DE 19801
         Telephone: (302) 651-7700
         Facsimile: (302) 651-7701
         E-mail: collins@RLF.com
                 maddox@RLF.com
                 schlauch@RLF.com

                 - and -

         WHITE & CASE LLP
         J. Christopher Shore, Esq.
         Harrison L. Denman, Esq.
         1155 Avenue of the Americas
         New York, NY 10036
         Telephone: (212) 819-8200
         Facsimile: (212) 354-8113
         E-mail: cshore@whitecase.com
                 hdenman@whitecase.com

                 - and -

         Thomas E Lauria, Esq.
         Southeast Financial Center, Suite 4900
         200 South Biscayne Blvd.
         Miami, FL 33131
         Telephone: (305) 371-2700
         Facsimile: (305) 358-5744
         E-mail: tlauria@whitecase.com


MIDSTATES PETROLEUM: Needs Until Oct. 27 to File Plan
-----------------------------------------------------
Midstates Petroleum Company, Inc., and Midstates Petroleum Company
LLC ask the U.S. Bankruptcy Court to extend the period during which
they have the exclusive right to file a chapter 11 plan through and
including October 27, 2016.

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), the Debtors tell the Court.

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 seek 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.

Between now and the confirmation hearing, the Debtors will continue
to work with the Committee and other parties in interest to develop
further support for the plan. Exclusivity will ensure that the
Debtors restructuring process continues to move forward without
unnecessary disruption so that the Debtors can maximize value and
emerge from chapter 11 efficiently.

Counsel to the Debtors and Debtors in Possession:

       Patricia B. Tomasco, Esq.
       Matthew D. Cavenaugh, Esq.
       Jennifer F. Wertz, Esq.
       JACKSON WALKER L.L.P.
       1401 McKinney Street, Suite 1900
       Houston, Texas 77010
       Telephone: (713) 752-4200
       Facsimile: (713) 752-4221
       Email: ptomasco@jw.com
              mcavenaugh@jw.com
              jwertz@jw.com

       -- and --

       Edward O. Sassower, P.C.
       Joshua A. Sussberg, P.C.
       KIRKLAND & ELLIS LLP
       KIRKLAND & ELLIS INTERNATIONAL LLP
       601 Lexington Avenue
       New York, New York 10022
       Telephone: (212) 446-4800
       Facsimile: (212) 446-4900
       Email: edward.sassower@kirkland.com
              joshua.sussberg@kirkland.com

       -- and --

       James H.M. Sprayregen, P.C.
       William A. Guerrieri, Esq.
       Jason Gott, Esq.
       KIRKLAND & ELLIS LLP
       KIRKLAND & ELLIS INTERNATIONAL LLP
       300 North LaSalle
       Chicago, Illinois 60654
       Telephone: (312) 862-2000
       Facsimile: (312) 862-2200
       Email: james.sprayregen@kirkland.com
              will.guerrieri@kirkland.com
              jason.gott@kirkland.com

          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.


MISSISSIPPI HOME: S&P Raises Rating on Revenue Bonds to 'BB+'
-------------------------------------------------------------
S&P Global Ratings raised its rating on Mississippi Home Corp.'s
series 2008-3A and 2008-3B multifamily housing revenue bonds,
issued for the Senatobia Personal Care Apartments project, to 'BB+'
from 'CCC'.  The bonds are secured by Ginnie Mae mortgage-backed
securities (MBS).  The outlook is stable.

"The rating reflects our view of the project's reliance on
short-term, market-rate investments, and an improved projected debt
service coverage ratio by February 2017, which declined below 1x
during our previous reviews," said S&P Global Ratings credit
analyst Renee Berson.  "We received updated information which
indicates that there should be sufficient funds available for the
life of the transaction."




MJ HOLDINGS: Reports $8-K Net Loss in Second Quarter Ended June 30
------------------------------------------------------------------
MJ Holdings, Inc., filed its quarterly report on Form 10-Q,
disclosing a net loss of $8,319 on $171,260 of total revenue for
the three months ended June 30, 2016, compared with a net loss of
$42,418 on $155,883 of total revenue for the same period in 2015.

For the six months ended June 30, 2016, the Company listed a net
income of $17,132 on $340,133 of total revenue, compared to a net
loss of $106,447 on $288,687 of total revenue for the same period
in the prior year.

The Company's balance sheet at June 30, 2016, showed $4.24 million
in total assets, $2.88 million in total liabilities, and
stockholders' equity of $1.36 million.

As of June 30, 2016, the Company had an accumulated deficit of
$1,432,359 and a working capital deficit of $2,485,443, consisting
of cash and prepaid expenses of $182,148 and a loan receivable of
$150,000 less promissory notes for $2,725,000 due within the next
twelve months and accounts payable and accrued liabilities of
$92,591. These factors, among others, raise substantial doubt about
the Company's ability to continue as a going concern.

A copy of the Form 10-Q is available at:

                         https://is.gd/BqjoBv

Miami-based MJ Holdings, Inc. owns, operates and develops a
portfolio of business units related to the regulated marijuana
industry, including internet websites, mobile apps and consumer
products, in addition to its income producing portfolio.  As of
September 30, 2015, the company has acquired three real estate
properties in Colorado that are leased to state licensed
marijuana.



MOREHOUSE COLLEGE: Moody's Lowers Rating on $37MM Bonds to Ba1
--------------------------------------------------------------
Moody's Investors Service has downgraded to Ba1 Morehouse College's
$37 million of Series 2007 revenue bonds issued through the
Development Authority of Fulton County.  The outlook is negative.

While acknowledging some improvement in stabilizing enrollment and
operating performance, the downgrade to Ba1 reflects an expectation
of continued weak revenue growth, combined with limited financial
flexibility.  The rating incorporates a fiercely competitive
student market, exacerbated by a narrow niche. Morehouse is
revising its business model to focus more heavily on increasing
philanthropy to support a sustainable financial model. The Ba1
rating expresses some demonstrated history of fundraising prowess,
yet the ability to sustainably shift to a higher level of
unrestricted giving and expand its donor base is uncertain.
Morehouse's operating performance and liquidity profile are modest,
notably given the significant headwinds the college is facing.  The
Ba1 rating favorably reflects an expectation that cost reduction
efforts will continue to gain traction while the debt burden
remains manageable.

Rating Outlook

The negative outlook reflects fundamental challenges in the
college's student market and limited financial flexibility to
compete in a fiercely competitive student market for a narrow
niche.  Further credit pressure is likely if the college is unable
to successfully execute its new strategy to grow revenue through an
increased focus on fundraising.

Factors that Could Lead to an Upgrade

  Significant and sustained strengthening of the endowment and
   liquid reserves
  Notable and sustained improvement in student demand, evidenced
   by growth in enrollment and net tuition revenue
  Materially improved cash flow and debt service coverage

Factors that Could Lead to a Downgrade
  Failure to achieve budgeted financial expectations, including
   enhanced fundraising
  Further deterioration of student demand
  Material contraction of liquidity
  Substantial increase in financial leverage
  Terms and conditions in future bank agreements that would impair

   bondholder security

Legal Security
The Series 2007, E, and F bonds and SunTrust bank loan are an
unsecured general obligation.  There is no debt service reserve
fund.  Moody's does not rate the Series E and F bonds or the
SunTrust loan.  The unrated HBCU capital loan issued through Rice
Capital is secured solely by the revenues of the Otis Moss Suites
and a mortgage on the facility.  Gross revenues are approximately
$2.5 million.

Use of Proceeds
Not applicable

Obligor Profile
Morehouse is a private, men's historically black college in
Atlanta, Georgia.  The college is a member of the Atlanta
University Center, a consortium of four historically black
institutions.

Methodology
The principal methodology used in this rating was Global Higher
Education published in November 2015.


N.P.H.B. RESTAURANT: Involuntary Chapter 11 Case Summary
--------------------------------------------------------
Alleged Debtor: N.P.H.B. Restaurant Corp.
                3850 Poplar Avenue
                Brooklyn, NY 11224

Case Number: 16-11668

Nature of Business: Single Asset Real Estate

Involuntary Chapter 11 Petition Date: May 27, 2016

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

Judge: Hon. Michael E. Wiles

Alleged creditor who signed the petition:

   Petitioner                  Nature of Claim  Claim Amount
   ----------                  ---------------  ------------
Nurit Kaufman                       Loan            $18,500
3846 Poplar Avenue
Brooklyn, NY 11224


NEW BEGINNINGS: PCO Files 3rd Report on 13 Facilities
-----------------------------------------------------
Laura E. Brown, the Patient Care Ombudsman for New Beginnings Care,
LLC, has filed a Third Report before the US Bankruptcy Court for
the Eastern District of Tennessee at Chattanooga on August 4,
2016.

The Debtor, a company based in Hixon, Tennessee, filed for Chapter
11 protection on January 22, 2016. The Debtor includes on the
bankruptcy petition its 13 nursing facilities located in the states
of Georgia, Ohio, Oklahoma, and Tennessee. The PCO coordinates with
the State Long-Term Care Ombudsmen in each state to monitor the
quality of patient care and to represent the interest of the
nursing facility residents.

The PCO reported that among the thirteen facilities, two facilities
in Ohio and five facilities in Georgia were closed. Representative
State-Long-Term Care Ombudsman for all of these facilities
continues to follow up with the former residents to ensure that the
residents did not suffer ill effects as a result of moving to a new
facility.

The PCO added that the Representative of the Georgia Office of the
State-Long-Term Care Ombudsman will continue to make follow-up
visits on its other facilities, particularly the Pinewood
Healthcare and Rehab, LLC and Eastman Healthcare and Rehab, LLC, to
ensure that the on-going issues faced by these two facilities are
completely addressed. Meanwhile, PCO noted that there were no
declines in the quality of resident care on its four facilities,
the Edwards Redeemer Healthcare and Rehab LLC, Mt. Pleasant
Healthcare and Rehab, LLC, Savannah Beach Healthcare and Rehab,
LLC, and Woodlands Healthcare and Rehab, LLC.

                    About New Beginnings

New Beginnings Care, LLC, and several affiliated entities filed for
Chapter 11 bankruptcy protection (Bankr. E.D. Tenn. Case Nos.
16-10272 to 16-10273; 16-10275 to 16-10280; and 16-10282 to
16-10287) on January 22, 2016.  The Hon. Nicholas W. Whittenburg
presides over the cases.  David J. Fulton, Esq., at Scarborough &
Fulton, serves as counsel to the Debtors.

New Beginnings estimated under $50,000 in assets and $1 million to
$10 million in liabilities.  The petition was signed by Debbie
Jones, member.

A Consolidated list of the Debtors' 30 largest unsecured creditors
is available for free at http://bankrupt.com/misc/tneb16-10272.pdf


OASIS OUTSOURCING: Moody's Affirms B2 CFR, Outlook Stable
---------------------------------------------------------
Moody's Investors Service affirmed Oasis Outsourcing Holdings,
Inc.'s B2 Corporate Family Rating while downgrading the Probability
of Default Rating to B3-PD from B2-PD as well as the ratings on the
company's first lien credit facilities to B2 from B1.  The outlook
is stable.

The rating action follows Oasis' announcement of plans to acquire a
small professional employment organization as well as the intention
to repay the company's $60 million second lien term loan.  These
transactions will be funded, in aggregate, with a $75 million
incremental first lien term loan as well as cash on hand. The
downgrade of the PDR and the ratings on the first lien credit
facilities reflects the transition of Oasis's outstanding loans to
a single class of secured debt and the elimination of first-loss
support currently provided by the second lien facility.  Upon
completion of the bank debt refinancing, the ratings on the
company's second lien term loan due 2022 will be withdrawn.

Moody's affirmed these ratings:

  Corporate Family Rating -- B2

Moody's downgraded the following ratings:

  Probability of Default Rating, to B3-PD from B2-PD

  Senior Secured First Lien Term Loan due 2021, to B2 (LGD3) from
   B1 (LGD3)

  Senior Secured Revolving Credit Facility expiring 2019, to B2
   (LGD3) from B1 (LGD3)

Outlook is Stable

                          RATINGS RATIONALE

The B2 CFR reflects Oasis' high leverage and limited scale relative
to PEO industry leader Automatic Data Processing's TotalSource
division and #2 player TriNet HR Corp. in a highly competitive
industry with relatively low barriers to entry.  The rating also
considers the risks related to Oasis' sizable revenue concentration
in Florida, which accounts for about 30% of revenues, as well as
the considerable turnover in the company's core small and
medium-sized business customer base.  However, the uncertainties
associated with the company's credit profile are partially offset
by the business visibility provided by Oasis' recurring revenue
sales model and consistent net customer growth trends which have
helped the company improve its market presence and generate
mid-single digit compound annual adjusted revenue growth (less
wages, pass-throughs, and direct client expenses) over the last
several years.  This top-line expansion, coupled with modest
capital expenditures, has also supported Oasis' healthy free cash
flow production which should exceed 5% of total debt (Moody's
adjusted) in 2016 and rise into the upper single digit percent
range over the next 12-18 months.

Oasis' good liquidity position is supported by cash on the
company's balance sheet and Moody's expectation that Oasis will
generate free cash flow of more than 5% of total debt (Moody's
adjusted) over the next 12 months.  The company's liquidity is also
bolstered by an undrawn $50 million revolving credit facility.
Borrowings under the credit facility are subject to a maximum net
leverage ratio which currently stands at 6.50x and is scheduled to
step down to 6.25x in third quarter of 2016.  Moody's expects Oasis
to remain in compliance with this ratio over the next 12-18
months.

The stable outlook reflects Moody's expectation that Oasis will
generate mid-to-upper single digit sales growth over the next year
driven by net new clients additions and expanding payrolls of
existing clients.  This enhanced scale should produce improving
profit margins and free cash flow due to limited working capital
and capital expenditure requirements while reducing debt to EBITDA
(Moody's adjusted) to below 5x.

What Could Change the Rating -- Up

The rating could be upgraded over the intermediate term if Oasis
profitably expands its market share and follows a conservative
financial policy of aggressively reducing debt and foregoing equity
distributions.  An upgrade may be considered if free cash flow to
debt (Moody's adjusted) is sustained in the low teens percent range
while debt to EBITDA (Moody's adjusted) falls below 4.5x.

What Could Change the Rating – Down

The rating could be downgraded if Oasis were to experience a
weakening competitive position, as evidenced by flat revenues or
declining margins, or fails to reduce debt such that debt to EBITDA
(Moody's adjusted) rises above 6x.

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

Oasis provides outsourced human resource functions, including
payroll, benefits acquisition, and regulatory compliance
management, primarily to small and mid-sized businesses.  In 2016,
Moody's expects the company's pro forma revenues to approximate
$350 million.


OLGA'S KITCHEN: Hearing on First Amended Plan Set for Sept. 22
--------------------------------------------------------------
The Hon. Walter Shapero of the U.S. Bankruptcy Court for the
Eastern District of Michigan has granted preliminary approval of
Olga's Kitchen, Inc.'s disclosure statement, which describes the
Debtor's First Amended Combined Plan.

The deadline to return ballots on the Plan, as well as to file
objections to final approval of the Disclosure Statement and
objections to confirmation of the Plan, is Sept. 22, 2016.

The hearing on objections to final approval of the Disclosure
Statement and confirmation of the Plan will be held on Sept. 29,
2016 at 11:00 a.m.

Olga's Kitchen Inc. is headquartered in Troy, Michigan, and is best
known for its Mediterranean-inspired pita wraps, curly fries and
quirky offerings, like an orange creme cooler.

The Company filed for Chapter 11 bankruptcy protection (Bankr.
E.D.
Mich. Case No. 15-49008) on June 11, 2015, estimating its assets
and liabilities at between $1 million and $10 million each.  The
petition was signed by Robert Solomon, principal.

Judge Walter Shapero presides over the case.

Robert N. Bassel, Esq., at Robert Bassel, Attorney, serves as the
Company's bankruptcy counsel.


PARAGON OFFSHORE: Enters Into Agreement for Amended PSA
-------------------------------------------------------
Paragon Offshore plc on Aug. 8, 2016, disclosed that it had reached
an agreement in principle with an ad hoc committee of holders of
Paragon's 6.75% senior unsecured notes maturing July 2022 and 7.25%
senior unsecured notes maturing August 2024 (together, the "Senior
Unsecured Notes," and such holders, the "Bondholders") and a
steering committee of certain lenders under Paragon's Senior
Secured Revolving Credit Agreement ()Revolving Credit Agreement"
and such lenders, the "Revolver Lenders") for an Amended Plan
Support Agreement, to be dated as of August 5, 2016 ()Amended
PSA"), to support a revised plan of reorganization ()"Revised
Plan") under chapter 11 of the United States Bankruptcy Code.  The
Company has received, in escrow, signatures to the Amended PSA from
holders of approximately 69% in principal amount of Senior
Unsecured Notes subject to receipt of signatures from holders of a
majority of the loans under the Revolving Credit Agreement.  The
Company is in the process of seeking the requisite signatures to
the Amended PSA from the Revolver Lenders and based on
conversations as of Friday, August 5, the company believes it will
receive the requisite signatures shortly.  In order for the
amendment to the Revolving Credit Agreement to be effective, the
Company will require the unanimous consent of the Revolver Lenders.
If the Company does not obtain such consent, it will consider a
revised amendment to the plan of organization with regard to the
treatment of the Revolver Lenders.

Additionally, on Friday, August 5, 2016, Paragon filed a Disclosure
Statement Supplement, (the "Supplement") which includes a downside
sensitivity analysis (the "Downside Sensitivity").  The company's
base business plan (the "Base Business Plan") provided in the
filing entitled "Disclosure Statement for Second Amended Joint
Chapter 11 Plan of Paragon Offshore PLC and its Affiliated Debtors"
dated April 19, 2016 remains the same.  The Downside Sensitivity
includes the company's actual financial results through June 2016,
which have been better than originally anticipated.

Randall D. Stilley, President and Chief Executive Officer of
Paragon, said, "During the course of the confirmation hearing for
our initial restructuring plan, certain feasibility-related issues
arose and the court expressed certain concerns.  To address those
concerns, the company prepared a downside sensitivity case to the
projections and then, through discussions with the Bondholders and
Revolver Lenders, we developed the Revised Plan that allows us to
retain more cash in the near term while improving our longer-term
potential."

"Once again, the negotiations were complex and the decision to
offer additional equity to our Bondholders was not taken lightly.
Nevertheless, we believe that this Revised Plan, which includes
concessions from the company as well as the Bondholders and
Revolver Lenders, is a positive outcome for all stakeholders,
including equity holders.  If, as we expect, we deliver results
consistent with those projected in the Base Business Plan, the
additional liquidity and covenant relief will make the company even
stronger.  However, in the event that our Downside Sensitivity
materializes, the increased liquidity and relaxed covenants will
help ensure Paragon can survive in a lower-for-much-longer
environment."

Mr. Stilley continued, "We believe the changes we have made in the
Revised Plan increase the likelihood that our restructuring plan
will be confirmed, which will allow us to quickly complete the
restructuring process as a company well-positioned to create
long-term shareholder value."

Changes Under the Revised Plan

Revolving Credit Agreement

Under the terms of the Revised Plan, the Revolving Credit Agreement
will still be modified to include a $165 million cash paydown with
the balance of approximately $631 million, including approximately
$87 million of outstanding letters of credit, converted to a term
loan due in 2021 at an interest rate of LIBOR plus 4.50% with a
1.00% LIBOR floor.  However, under the Revised Plan, the minimum
liquidity covenant will be reduced from $110 million to $103
million and the holiday on the maximum net leverage ratio and the
minimum interest coverage ratio financial covenants will be
extended to the first quarter of 2019 when they will be
reintroduced with a cushion versus the company's Downside
Sensitivity projections.  While the full details of the Revised
Plan can be found in the company's filings with the Bankruptcy
court and in the current report on Form 8-K that the company
expects to file today, a summary of certain key differences between
the original plan filed on February 12, 2016 (the "Original Plan")
and the Revised Plan is below:

Element                      Original Plan Revised Plan
Cash to Revolver Lenders    $165 Million $165 Million

Balance to be converted to       $631 Million   $631 Million
new term loan including ~$87 MM
of outstanding letters of credit

Minimum liquidity covenant to be $110 Million    $110 Million
maintained at all times          

Re-introduction of net    First quarter 2018 First quarter 2019
leverage ratio and interest
coverage ratio covenants

Initial maximum net leverage      5.50X           6.35X
ratio covenant (higher is better)

Initial minimum interest          2.75X          2.30X
coverage covenant
(lower is better)

Bondholder Agreement

Under the Revised Plan, the Bondholders will collectively receive
$285 million of cash, or $60 million less than in the Original
Plan.  The contingency payment provisions in the Original Plan for
2016 and 2017 have been eliminated under the Revised Plan.  In
exchange, Paragon will issue a $60 million note due 2021 (the
"Bondholder Note") to Bondholders.  The Bondholder Note will bear
interest, payable semiannually, at 12% per annum if paid in cash or
equity, or 15% per annum if paid-in-kind.  Additionally, the equity
ownership of the Bondholders will increase from 35% to 47% (on a
pro forma basis after giving effect to the transactions
contemplated by the Revised Plan), which still allows existing
shareholders to retain a majority of the equity in the company.
While the full details of the Revised Plan can be found in the
company's filings with the Bankruptcy court and in the current
report on Form 8-K that the company expects to file today, a
summary of certain key differences between the Original Plan and
the Revised Plan is below:

Element                     Original Plan Revised Plan
Total bond debt eliminated     $984 Million $984 Million

Cash to Bondholders            $345 Million $285 Million

Common equity to be issued        35%              47%
to Bondholders

Common equity to be retained      65%              53%
by existing shareholders

Approximate shares outstanding  135.1 million   165.7 million
on the effective date
(based on 87.9 million shares
as of June 30, 2016)

Contingency payments      2016:  $20 Million         None
                         2017: $15 - $30 Million

Bondholder Note payable            None   $60 Million due 2021
(See details in text)
Entitled to appoint an             Yes - 1         Yes - 1
additional Paragon board member?

Settlement With Noble Corporation

Under the Revised Plan, the definitive settlement agreement (the
"Noble Agreement") between Paragon and Noble Corporation ()Noble")
NE, +5.23% remains in place with certain modifications.  Under the
terms of the Noble Agreement, Noble will provide direct bonding in
fulfillment of the requirements necessary to challenge tax
assessments in Mexico relating to the Paragon Business for the tax
years 2005 through 2010.

In addition, in connection with the Revised Plan, Noble has agreed
that in lieu of cash, Paragon may pay to Noble any taxes owed under
the Noble Agreement relating to Mexican taxes under the amended and
restated tax sharing agreement between Paragon and Noble via a note
(the "Paragon Note") up to a maximum value of $5 million,
potentially enabling the company to preserve additional cash during
the course of the downturn.  If issued, the Paragon Note would be
due four years following the effective date of Paragon's
restructuring.  There would be no amortization required, but
interest would be borne at the same rates as the Bondholder Note
and Noble would be entitled to quarterly interest payments with
Paragon having the option to pay in cash at an interest rate of 12%
or in-kind at an interest rate of 15%.

Anticipated Process and Schedule

On August 16, 2016, a hearing will be held in the U.S. Bankruptcy
Court to approve the Supplement.  Assuming the Supplement is
approved by the court, the company will begin solicitation of the
Revolver Lenders and Bondholders to approve the Revised Plan.
Because this is a revision to the Original Plan, this solicitation
is considered a continuance of the original vote and only those
holders of record as of April 6, 2016 will be entitled to vote on
the Revised Plan.  More than 99% of the Bondholders and 100% of the
Revolver Lenders voted to approve the Original Plan.

A hearing is scheduled for September 8, 2016 for the court to hear
further testimony regarding the Noble Settlement.  The confirmation
hearing is expected to resume on September 27, 2016 and conclude by
the end of September, after which the judge is expected to make his
ruling.  Paragon expects to emerge from its bankruptcy process in
October.

Additional Information

Details of the agreements described herein and copies of the
Amended Plan and Disclosure Statement Supplement can be found in
the Current Report on Form 8-K that  the company expects to file
today.  Additional information will be available on Paragon's
website at www.paragonoffshore.com or by calling Paragon's
Restructuring Hotline at 1-888-369-8935.

Weil, Gotshal & Manges LLP is serving as legal counsel to Paragon
and Lazard is serving as financial advisor.

                      About Paragon Offshore

Paragon Offshore plc -- http://www.paragonoffshore.com/-- is a
global provider of offshore drilling rigs.  Paragon's operated
fleet includes 34 jackups, including two high specification heavy
duty/harsh environment jackups, and six floaters (four drillships
and two semisubmersibles).  Paragon's primary business is
contracting its rigs, related equipment and work crews to conduct
oil and gas drilling and workover operations for its exploration
and production customers on a dayrate basis around the world.
Paragon's principal executive offices are located in Houston,
Texas.  Paragon is a public limited company registered in England
and Wales and its ordinary shares have been trading on the
over-the-counter markets under the trading symbol "PGNPF" since
December 18, 2015.

Paragon Offshore Plc, et al., filed separate Chapter 11 bankruptcy
petitions (Bankr. D. Del. Case Nos. 16-10385 to 16-10410) on Feb.
14, 2016, after reaching a deal with lenders on a reorganization
plan that would eliminate $1.1 billion in debt.

The petitions were signed by Randall D. Stilley as authorized
representative.  Judge Christopher S. Sontchi is assigned to the
cases.

The Debtors reported total assets of $2.47 billion and total debts
of $2.96 billion as of Sept. 30, 2015.

The Debtors have engaged Weil, Gotshal & Manges LLP as general
counsel, Richards, Layton & Finger, P.A. as local counsel, Lazard
Freres & Co. LLC as financial advisor, Alixpartners, LLP as
restructuring advisor, and Kurtzman Carson Consultants as claims
and noticing agent.


PARAGON OFFSHORE: Seeks Approval of Plan Support Agreement
----------------------------------------------------------
BankruptcyData.com reported that Paragon Offshore filed with the
U.S. Bankruptcy Court a motion for authority to (i) assume a plan
support agreement (PSA) and (ii) modify automatic stay. The motion
explains, "Pursuant to the Plan Support Agreement, to be amended by
the anticipated PSA Amendment, the Debtors and the Consenting
Creditors will have agreed to consummate the restructuring
contemplated in the Modified Plan, which reduces the Debtors' debt
by approximately $1.1 billion and annual cash interest payments by
approximately $60 million, resolves covenant issues and extends the
maturity of their revolving loan facility, shifts the burden of
over nearly $200 million in tax bonding obligations onto their
former parent, and provides all of their creditors a 100% or
consensually negotiated recovery, all while preserving their rights
in non-debtor Prospector assets and providing public shareholders
an appropriate level of participation in the restructured
enterprise. 11. The key elements of the Modified Plan and the
Debtors' restructuring include (i) the satisfaction of $985 million
of unsecured notes in exchange for $285 million in cash, senior
unsecured notes in the aggregate amount of $60 million, and 47% of
the outstanding Parent Ordinary Shares (as defined in the Modified
Plan), (ii) a $165 million principal payment of the Secured
Revolving Credit Agreement and additional collateral and increased
interest rates in consideration for revised covenants, conversion
of the remaining revolving loans to term loans, provision of an
ongoing letter of credit facility to support the Debtors' business
operations, and a maturity extension to 2021, (iii) reinstatement
of the Debtors' Term Loan Agreement, dated as of July 18, 2014 (the
'Term Loan Agreement'), which has a below-market interest rate, an
extended maturity, and no financial covenants; and (iv) a
settlement with Noble, without which the Debtors could not
effectuate this restructuring. Confirmation of the Modified Plan
will pave the way for the Debtors to emerge from chapter 11 with
improved leverage, a more sustainable capital structure, and its
relations with customers, vendors, and employees intact." The Court
scheduled a September 8, 2016 hearing on the motion.

                   About Paragon Offshore

Paragon Offshore plc -- http://www.paragonoffshore.com/-- is a    

global provider of offshore drilling rigs.  Paragon's operated
fleet includes 34 jackups, including two high specification heavy
duty/harsh environment jackups, and six floaters (four drillships
and two semisubmersibles). Paragon's primary business is
contracting its rigs, related equipment and work crews to conduct
oil and gas drilling and workover operations for its exploration
and production customers on a dayrate basis around the world.
Paragon's principal executive offices are located in Houston,
Texas.  Paragon is a public limited company registered in England
and Wales and its ordinary shares have been trading on the
over-the-counter markets under the trading symbol "PGNPF" since
December 18, 2015.

Paragon Offshore Plc, et al., filed separate Chapter 11 bankruptcy
petitions (Bankr. D. Del. Case Nos. 16-10385 to 16-10410) on Feb.
14, 2016, after reaching a deal with lenders on a reorganization
plan that would eliminate $1.1 billion in debt.

The petitions were signed by Randall D. Stilley as authorized
representative.  Judge Christopher S. Sontchi is assigned to the
cases.

The Debtors reported total assets of $2.47 billion and total debts
of $2.96 billion as of Sept. 30, 2015.

The Debtors have engaged Weil, Gotshal & Manges LLP as general
counsel, Richards, Layton & Finger, P.A. as local counsel, Lazard
Freres & Co. LLC as financial advisor, Alixpartners, LLP as
restructuring advisor, and Kurtzman Carson Consultants as claims
and noticing agent.


PEABODY ENERGY: Needs Until Nov. 9 to File Ch. 11 Plan
------------------------------------------------------
Peabody Energy Corporation and certain of its subsidiaries ask the
U.S. Bankruptcy Court to extend by approximately 60 days the period
during which the Debtors have the exclusive right to file a plan of
reorganization and to solicit acceptances of such plan, through and
including November 9, 2016 and January 9, 2017, respectively.

The Debtors relate that since the Petition Date, the Debtors and
their professional advisors have been working diligently to develop
the Global Business Plan to serve as the foundation for their
restructuring activities. The Debtors expect to meet the DIP
Milestone of delivering the Global Business Plan by August 11,
2016.

The Debtors have also addressed numerous other matters since the
Petition Date contemporaneously with the development of the Global
Business Plan. These matters are precursors to a Plan and include,
among other things, the following:

    (a) Obtaining various "first day" relief to establish
procedures for the efficient administration of these chapter 11
cases and to ensure the stabilization and seamless operation of the
Debtors' reorganization efforts, including retaining professionals
necessary to those efforts and maintaining business as usual to the
fullest extent possible to preserve the Debtors' relationships with
their employees, customers, suppliers and other interested
parties;

    (b) Negotiating with the relevant regulatory agencies for the
States of Wyoming, New Mexico and Indiana and filing motions to
approve stipulations that resolve disputes concerning the Debtors'
self-bonding under each State's law utilizing the $200 million
bonding accommodation facility under the DIP Facility;

    (c) Selling Debtor Lively Grove Energy Partner's membership
interest in the Prairie State Energy Campus for $57 million in
cash;

    (d) Obtaining Court approval of procedures for the disposition
of miscellaneous noncore assets of relatively de minimis value;

    (e) Preparing and filing schedules of assets and liabilities
and statements of financial affairs for each of the 153 Debtors;

    (f) Establishing bar dates for the filing of proofs of claim
for both non-governmental and governmental entities;

    (g) Participating in the meeting of creditors under section 341
of the Bankruptcy Code on June 21, 2016 and the continuation
thereof on July 20, 2016;

    (h) Addressing various issues arising in connection with the
Debtors' vendor and customer constituencies, including, among other
things, agreements for the ongoing provision of goods and services
by or to such parties under normal trade terms;

    (i) Commencing the CNTA Dispute, a gating item for the Plan;

    (j) Responding to the Creditors' Committee's extensive due
diligence requests;

    (k) Addressing the motions brought by Arizona Public Service
Company ("APSC") and PacifiCorp ("PC") concerning the terms and
conditions of their Coal Supply Agreement with the Debtors and
commencing an adversary proceeding against each of APSC and PC in
response thereto;

    (l) Initiating litigation against Bowie Resource Holdings, LLC
to recover a $20 million termination fee in connection with the
Four Star Sale Agreement;

    (m) Obtaining an order authorizing the Debtors to provide
retention payments with respect to certain employees who are
critical to the Debtors' continued operations and reorganization;

    (n) Rejecting various burdensome contracts and nonresidential
real property leases that provided no ongoing benefit or value to
the Debtors;

    (o) Seeking other relief necessary to ensure the orderly
administration of these chapter 11 cases, including the authority
to retain and pay professionals in the ordinary course of business
and the adoption of a case management order.

Attorneys for Debtors and Debtors in Possession:

       Steven N. Cousins, Esq.
       Susan K. Ehlers, Esq.
       ARMSTRONG TEASDALE LLP
       7700 Forsyth Boulevard, Suite 1800
       St. Louis, MO 63105
       Telephone: (314) 621-5070
       Facsimile: (314) 612-2239
       Email: scousins@armstrongteasdale.com
              sehlers@armstrongteasdale.com

       -- and --

       Heather Lennox, Esq.
       JONES DAY
       North Point
       901 Lakeside Avenue
       Cleveland, OH 44114
       Telephone: (216) 586-3939
       Facsimile: (216) 579-0212
       Email: hlennox@jonesday.com

       -- and --

       Amy Edgy, Esq.
       Daniel T. Moss, Esq.
       JONES DAY
       51 Louisiana Avenue, N.W.
       Washington, D.C. 20001-2113
       Telephone: (202) 879-3939
       Facsimile: (202) 626-1700
       Email: aedgy@jonesday.com
              dtmoss@jonesday.com

           About Peabody Energy Corporation

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

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

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

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

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

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

The Office of the U.S. Trustee on April 29 appointed seven
creditors of Peabody Energy Corp. to serve on the official
committee of unsecured creditors.  The Committee retained Morrison
& Foerster LLP as counsel, Spencer Fane LLP as local counsel,
Curtis, Mallet-Prevost, Colt & Mosle LLP as conflicts counsel,
Blackacre LLC as its independent expert, and Berkeley Research
Group, LLC, as financial advisor.


PERSONAL COMMUNICATIONS: Bid to Enforce Sale Order Partly Granted
-----------------------------------------------------------------
Judge Alan S. Trust of the United States Bankruptcy Court for the
Eastern District of New York granted in part and permissively
abstained in part from Quality One Wireless' motion to enforce sale
order, and granted in part Goldie Group's motion for relief from
automatic stay.

Pending before the court were the following motions: (i) the
Amended Fourth Omnibus Objection of the Liquidating Trustee to
Modify or Disallow Certain Claims; (ii) the Motion of Quality One
Wireless to Enforce Sale Order; (iii) the Motion of The Goldie
Group, LLC, pursuant to 28 U.S.C. section 1334(c)(1) and Bankruptcy
Rules 5011 and 9014, for Permissive Abstention from Quality One
Wireless' Motion To Enforce Sale Order; and (iv) the Motion of The
Goldie Group, LLC pursuant to section 362(d)(1) of the Bankruptcy
Code and Bankruptcy Rule 4001(a) for Relief from the Automatic
Stay.

One of the debtors, Personal Communications Devices, LLC, sold a
variety of assets during the bankruptcy case to Quality One
Wireless pursuant to a court order; prior to PCD filing bankruptcy,
it had sued the Goldie Group, LLC in Massachusetts state court
creating a breach of contract dispute; Quality One, as the
purchaser of PCD’s rights against Goldie, has been seeking to
recover from Goldie the debt allegedly owed to PCD; Goldie does not
assert that it lacked notice of the sale process; various claims
and cross claims have now wound their way through lawsuits in
Massachusetts state and federal district court.

Judge Trust granted the portion of the Enforcement Motion that
asked the court to delineate the scope and effect of its own order
approving the sale of PCD’s assets to Quality One but,
permissively abstained from deciding the balance of the Enforcement
Motion.  Judge Trust will also lift the automatic stay to the
extent necessary in order for the parties to resolve the balance of
their disputes currently pending before the Massachusetts state
court where they elected to first raise the issues presented.

A full-text copy of Judge Trust's August 5, 2016 decision and order
is available at http://bankrupt.com/misc/nyeb8-13-74303-805.pdf  

                       About PCD

Personal Communications Devices LLC and an affiliate, Personal
Communications Devices Holdings, LLC, filed for Chapter 11
bankruptcy (Bankr. E.D.N.Y. Case No. 13-74303) on Aug. 19, 2013,
in Central Islip, N.Y.  The Debtor disclosed $247,952,684 in
assets and $284,985,134 in liabilities as of the Chapter 11
filing.

PCD -- http://www.pcdphones.com-- was in the business of  
providing carriers and manufacturers an array of product life
cycle management services that includes planning and development;
inventory; technical testing; quality control; forward and reverse
logistics; sell-in and sell-thru, marketing & warranty support.

PCD sold its assets to Quality One Wireless LLC for $105 million
in October 2013.  The bankruptcy auction was cancelled as no
competing offers were submitted.

Bankruptcy Judge Alan S. Trust oversees the case.  Attorneys at
Goodwin Procter, LLP and Togut, Segal & Segal, LLP serve as
counsel to the Debtors.  Epiq Bankruptcy Solutions, LLC, is the
claims and notice agent.  BG Strategic Advisors, LLC, is the
financial advisor.  Richter Consulting, Inc., is the investment
banker.

Q1W is advised by Raymond James and Associates, Inc. and Munsch
Hardt Kopf & Harr, P.C.

A three-member official committee of unsecured creditors was
appointed in the Chapter 11 case.  The Committee retained FTI
Consulting, Inc., as financial advisor, and Perkins Coie LLP as
counsel.

PCD obtained confirmation of its Plan of Liquidation on April 11,
2014.  Under the Plan, unsecured creditors were told to expect a
2.8% recovery on $175.8 million in claims.  The sale of PCD's
assets was accompanied by a settlement where the buyer provided
$500,000 for winding down the Chapter 11 case and $3 million
toward expenses of the Chapter 11 process.


PFO GLOBAL: Has $1.41-Mil. Net Loss in Qtr. Ended March 31
----------------------------------------------------------
PFO Global, Inc., filed with the Securities and Exchange Commission
its quarterly report on Form 10-Q disclosing a net loss of $1.41
million on $1.08 million of sales for the three months ended March
31, 2016, compared to a net loss of $2.56 million on $988,037 of
sales for the same period in 2015

As of March 31, 2016, the Company had cash of $25,807. As reflected
in the accompanying condensed consolidated financial statements,
the Company had a net loss of approximately $1.4 million and net
cash and cash equivalents used in operations of approximately $1.0
million for the three month period ended March 31, 2016. The
Company has a working capital deficit of approximately $15.5
million and stockholders' deficit of approximately $26 million as
of March 31, 2016. These factors raise substantial doubt about the
Company’s ability to continue as a going concern.

At March 31, 2016, the company had total assets of $1.70
million, total liabilities of $27.64 million, and total
stockholders' deficit of $25.94 million.

A full-text copy of the company's quarterly report is available for
free at:

                    https://is.gd/9xTIBX

Dallas, Texas-based PFO Global, Inc. provides eyewear and
prescription lenses to eye care professionals and prescription
laboratories.  The company has developed proprietary cloud based
software and electronic devices to streamline logistics and reduce
costs for its customers.



PILGRIM MEDICAL: Disclosure Statement Hearing Set for Sept. 8
-------------------------------------------------------------
The Hon. Vincent F. Papalia of the U.S. Bankruptcy Court for the
District of New Jersey has conditionally approved Pilgrim Medical
Center, Inc.'s Disclosure Statement describing the Debtor's small
business plan.

The Debtor filed its Disclosure Statement and Plan on July 21,
2016.

A hearing will be held on Sept. 8, 2016, at 11:00 a.m. for the
final approval of the Disclosure Statement and for the confirmation
of the Plan.

Objections to the approval of the Disclosure Statement and
confirmation of the Plan must be filed by Aug. 25, 2016.

                  About Pilgrim Medical Center

Pilgrim Medical Center, Inc., sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. D. N.J. Case No. 16-15414) on March 22,
2016.  The petition was signed by Nicholas V. Campanella,
shareholder.  The case is assigned to Judge Stacey L. Meisel.  The
Debtor estimated under $50,000 in assets and debts of $1 million to
$10 million.


PREMIER WELLNESS: Seeks Nov. 1 Extension of Plan Filing Date
------------------------------------------------------------
Premier Wellness Centers LLC files its second motion asking the
U.S. Bankruptcy Court to extend its exclusive period to file its
plan and disclosure statement through and including November 1,
2016.

The exclusivity period within which the Debtor is required to file
its plan and disclosure statement was previously extended to expire
on September 2, 2016. However,the Debtor is still currently in
negotiations with secured creditors and in the process of preparing
a motion to value to be filed shortly.

Counsel for Premier Wellness Centers LLC:

       Malinda L. Hayes, Esq.
       MARKARIAN FRANK & HAYES
       2925 PGA Boulevard, Suite 204
       Palm Beach Gardens, FL 33410
       Tel: (561) 626-4700
       Fax: (561) 627-9479
       Email: malinda@businessmindedlawfirm.com

                 About Premier Wellness

Headquartered in Port Saint Lucie, Florida, Premier Wellness
Centers LLC filed for Chapter 11 bankruptcy protection (Bankr. S.D.
Fla. Case No. 16-10191) on Jan. 6, 2016, listing $384,433 in total
assets and $2.56 million in total liabilities.  The petition was
signed by William Jensen, managing member.  Judge Paul G. Hyman,
Jr., presides over the case.  Malinda L Hayes, Esq., at Markarian
Frank White-Boyd & Hayes serves as the Debtor's bankruptcy counsel.


PRIMORSK INT'L: Disclosure Statement Approval Hearing on Aug. 23
----------------------------------------------------------------
Primorsk International Shipping Limited (Cyprus) and its
debtor-affiliates filed with the U.S. Bankruptcy Court for the
Southern District of New York their Disclosure Statement and Joint
Chapter 11 Plan of Liquidation on Aug. 2, 2016.

A hearing will be held Aug. 23, 2016, at 2:00 p.m. (ET) before the
Hon. Martin Glenn to consider approval of the Disclosure Statement
and solicitation procedures.

Responses or objections, if any, to the Disclosure Statement and
the Solicitation Procedures are due no later than Aug. 19, 2016 at
4:00 p.m. (ET).

According to the Disclosure Statement, the Bankruptcy Court has
scheduled the Confirmation Hearing for Sept. 20, 2016 at 10:00 a.m.
(Eastern Time). The Confirmation Hearing may be adjourned by the
Bankruptcy Court or the Debtors without further notice other than
by announcement in open court and/or notice(s) of adjournment filed
on the docket with the Bankruptcy Court's permission.

A copy of the Disclosure Statement is available at:

         http://bankrupt.com/misc/nysb16-10073-0236.pdf

                  About Primorsk International

Headquartered in Nicosia, Cyprus, Primorsk International Shipping
Limited (Prisco) aka PISL operates a fleet of ice-class oil
tankers
in the Arctic.  It was founded in 2004 and is owned by Apington
Investments, a British Virgin Islands holding company, which is
controlled by Russian native Alexander Kirilichev.

Primorsk sought Chapter 11 bankruptcy protection (Bankr. S.D.N.Y.
Case No. 16-10073) in New York, in the U.S., on Jan. 15, 2016.
Affiliates Boussol Shipping Limited, Malthus Navigati on Limited,
Jixandra Shipping Limited, Levaser Navigation Limited, Hermine
Shipping Limited, Laperouse Shipping Limited (Bankr. S.D.N.Y. Case
No. 16-10079), Prylotina Shipping Limited, Baikal Shipping Ltd,
and
Vostok Navigation Ltd. also filed separate Chapter 11 bankruptcy
petitions.  The bankruptcy petitions were signed by Holly Felder
Etlin, chief restructuring officer.  Judge Martin Glenn presides
over the cases.

The Debtor disclosed total assets of $6,018,821 and total
liabilities of $351,352,076 as of the Chapter 11 filing.

Andrew G. Dietderich, Esq., at Sullivan & Cromwell LLP serves as
the Debtors' bankruptcy counsel.  AlixPartners, LLP, is the
Debtors' financial and restructuring advisor.


PRIMORSK INT'L: Swap & Unsecured Claims Get Nothing Under Plan
--------------------------------------------------------------
Primorsk International Shipping Limited (Cyprus) and its
debtor-affiliates filed with the U.S. Bankruptcy Court for the
Southern District of New York their Disclosure Statement and Joint
Chapter 11 Plan of Liquidation on Aug. 2, 2016.

Under the Plan, General Unsecured Creditors in Class 4 are out of
the money.

Each Holder of an allowed claim under the Debtors' senior secured
term loan facility (Senior Loan Claim) in Class 3A will be paid in
full in Cash in accordance with the order approving the sale of the
Debtors' assets.  According to the Plan, Class 3A Claims total
$194,269,474.

Each Holder of an allowed claim under the Debtors' junior revolving
credit facility (Junior Loan Claim) in Class 3B will receive (i)
its Pro Rata share of remaining Encumbered Cash, following the
provision of a reserve for line items in the Wind-Down Budget and
the distributions made to the Holders of Senior Loan Claims, and
(ii) its Pro Rata share of the Liquidating Trust Distributable
Cash, in each of cases (i) and (ii) until such time as such Holder
has received Cash distributions equal to the Allowed amount of such
Allowed Junior Loan Claim.  Class 3B claims total $51,625,000 and
are projected to recoup 35% under the Plan.

Each Holder of an allowed claim under the Debtors' third ranking
term loan facility, which was taken to refinance certain swap
liabilities, (Swap Claim) in Class 3C will get nothing under the
Plan.  Swap Claims total $16,400,988.

Equity Interests in Class 5 also get nothing.

A copy of the Disclosure Statement is available at:

         http://bankrupt.com/misc/nysb16-10073-0236.pdf

                  About Primorsk International

Headquartered in Nicosia, Cyprus, Primorsk International Shipping
Limited (Prisco) aka PISL operates a fleet of ice-class oil
tankers
in the Arctic.  It was founded in 2004 and is owned by Apington
Investments, a British Virgin Islands holding company, which is
controlled by Russian native Alexander Kirilichev.

Primorsk sought Chapter 11 bankruptcy protection (Bankr. S.D.N.Y.
Case No. 16-10073) in New York, in the U.S., on Jan. 15, 2016.
Affiliates Boussol Shipping Limited, Malthus Navigati on Limited,
Jixandra Shipping Limited, Levaser Navigation Limited, Hermine
Shipping Limited, Laperouse Shipping Limited (Bankr. S.D.N.Y. Case
No. 16-10079), Prylotina Shipping Limited, Baikal Shipping Ltd,
and
Vostok Navigation Ltd. also filed separate Chapter 11 bankruptcy
petitions.  The bankruptcy petitions were signed by Holly Felder
Etlin, chief restructuring officer.  Judge Martin Glenn presides
over the cases.

The Debtor disclosed total assets of $6,018,821 and total
liabilities of $351,352,076 as of the Chapter 11 filing.

Andrew G. Dietderich, Esq., at Sullivan & Cromwell LLP serves as
the Debtors' bankruptcy counsel.  AlixPartners, LLP, is the
Debtors' financial and restructuring advisor.


PROASSURANCE CORP: Moody's Assigns Ba1 Stock Shelf Rating
---------------------------------------------------------
Moody's Investors Service has assigned provisional ratings (senior
unsecured shelf at (P)Baa2 and preferred stock shelf at (P)Ba1) to
ProAssurance Corporation's (ProAssurance, NYSE: PRA) shelf
registration.  The shelf replaces the company's previous shelf
registration, which expired on May 22, 2016.  The outlook for
ProAssurance's debt and insurance financial strength (IFS) ratings
is stable.

                         RATINGS RATIONALE

According to Moody's, ProAssurance's ratings reflect the company's
established track record and solid competitive market position as a
specialist underwriter of healthcare (medical) professional
liability (HCPL) insurance in the US, along with its strong
operating profitability and claim handling capabilities.  The group
maintains a conservative financial profile, including a strong
capital position, sound reserves and moderate financial leverage.
These strengths are tempered by the group's well above-average
product risk given its focus primarily on healthcare professional
liability insurance, which - despite strong performance in recent
years - has over time exhibited among the highest levels of
volatility in underwriting results and liability claim trends.  The
HCPL insurance industry faces a competitive pricing environment as
rates have declined for multiple years and reserve redundancies
have diminished.  Through Eastern Insurance Holdings, Inc.
(Eastern), ProAssurance writes monoline workers' compensation (WC)
insurance for small and middle-sized companies in low or
middle-hazard industries.  ProAssurance reported a combined ratio
of 94.9% for WC for the first six months of 2016 compared to 92.8%
for the consolidated company.  Since 2014, ProAssurance has also
participated in Lloyd's syndicate 1729 that underwrites a wide
range of P&C products.  Despite reasonably strong results for the
first half of 2016 (with a 96.7% combined ratio), the Lloyd's
investment could expose ProAssurance to execution risk as the
business grows over time.

The following factors could lead to a ratings upgrade: increased
product diversification through measured growth; continued strength
of HCPL franchise through the underwriting cycle; financial
leverage below 10%, combined with strong capital adequacy (e.g.
gross underwriting leverage at 1.0x or below) and solid reserve
position; and, sustained interest and shareholder dividend coverage
in excess of 8x.  Factors that could lead to a downgrade include: a
sizeable expansion into a product or geographical area outside of
the company's core strengths; material negative developments in the
healthcare professional liability environment or legislation that
could increase loss cost trends or reduce profitability and/or
franchise strength; adjusted financial leverage in excess of 25%,
together with interest and preferred dividend earnings and
cash-flow coverage below 6x and 5x, respectively; annual adverse
reserve development in excess of 3%; a significant increase in
combined ratios; or, gross underwriting leverage at 2.0x or
greater.

                           RATING ACTIONS

These provisional ratings have been assigned:

  ProAssurance Corporation - provisional senior unsecured debt at
   (P)Baa2; provisional preferred stock at (P)Ba1.

The principal methodology used in these ratings was Global Property
and Casualty Insurers published in June 2016.

ProAssurance Corporation is headquartered in Birmingham, Alabama,
and through its subsidiaries provides professional liability
insurance products primarily to physicians, other healthcare
providers, and healthcare facilities in the United States.  It also
writes medical technology and life sciences product liability,
legal professional liability business, as well as workers'
compensation through its Eastern subsidiary.  The company markets
its products through both specialized independent agents and direct
marketing.  For the first six months of 2016, ProAssurance reported
net earned premiums of $354.3 million and net income of $62.4
million.  As of June 30, 2016, shareholders' equity was $2.0
billion.


PTC GROUP: S&P Lowers Foreign Issuer Credit Rating to D
-------------------------------------------------------
S&P Global Ratings downgraded the long-term foreign issuer credit
rating of PTC Group Holdings Corp to D from CCC on Aug. 3, 2016.


PTC GROUP: S&P Raises Issuer Credit Rating to CCC+
--------------------------------------------------
S&P Global Ratings upgraded the long-term foreign issuer credit
rating of PTC Group Holdings Corp to CCC+ from D on Aug. 4, 2016.


QUANEX BUILDING: S&P Withdraws 'BB-' Corporate Credit Rating
------------------------------------------------------------
S&P Global Ratings withdrew its 'BB-' long-term corporate credit
rating on Houston-based Quanex Building Products Corp., a producer
of window components, screens, and cabinet components.  S&P also
withdrew the 'BB' senior secured debt rating and '2' recovery
rating on the company's senior secured $310 million bank term loan
B due 2022, which was repaid in full.  S&P is withdrawing the
ratings at the company's request.  The company recently refinanced
its senior secured debt with a new unrated credit facility.  The
rating outlook at the time of the withdrawal was stable.


RICHARD D. ARNOLD: Unsecured Creditors to be Paid 100% in 60 Months
-------------------------------------------------------------------
Richard D. Arnold filed with the U.S. Bankruptcy Court for the
Middle District of Tennessee on Aug. 2, 2016, a Chapter 11 plan
that provides that holders of general unsecured claims, which total
$10,367.24, will be paid  $172.79 monthly for 60 months.

Monthly payments shall be made on a pro rata basis based on the
value of each unsecured claim.  Any plan payments returned to the
Debtor by unsecured creditors shall become property of the
reorganized Debtor.  

General unsecured claims are expected to recoup 100% of their
allowed claims.

A copy of the Disclosure Statement is available at:

         http://bankrupt.com/misc/tnmb15-07168-0055.pdf

Richard Douglas Arnold, Sr. filed a Chapter 11 petition (Bankr.
M.D. Tenn. Case No. 15-07168) on October 6, 2015.  Judge Marian F.
Harrison presides over the case.

The Debtor receives income from his operation of an eponymous sole
proprietorship which does HVAC repair and service. The Debtor has
owned and operated the company for approximately a year and a half.


RINCON ISLAND: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Rincon Island Limited Partnership
        P.O. Box 5489
        Santa Maria, CA 93456

Case No.: 16-33174

Chapter 11 Petition Date: August 8, 2016

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

Judge: Hon. Harlin DeWayne Hale

Debtor's Counsel: David A. Zdunkewicz, Esq.
                  ANDREWS KURTH, LLP
                  600 Travis, Ste. 4200
                  Houston, TX 77002
                  Tel: (713) 220-4200
                  Fax: (713) 220-4285
                  E-mail: davidzdunkewicz@akllp.com
                          dzdunkewicz@andrewskurth.com

Estimated Assets: $50 million to $100 million

Estimated Debts: $100 million to $500 million

The petition was signed by Susan M. Whalen, SVP and general counsel
of general partner.

Debtor's List of 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
West Coast Welding &                 Trade Debt        $1,675,769
Construction, Inc.
P.O. Box 1915
Ventura, CA 93002
Attn: Mike Barbey
Tel: 805-604-1222

Arent Fox LLP                        Trade Debt          $209,095
Gas Company Tower
P.O. Box 644672
Pittsburgh, PA 15264-4672
Attn: Michael Cryan
Tel: 213-629-7400

Rival Well Services, Inc.            Trade Debt           $85,981
P.O. Box 12620
Bakersfield, CA 93389
Attn: Bob Grayson
Tel: 661-978-1006

Dept. of Conservation                Trade Debt           $26,100
Div. of OIl, Gas &
Geotherm
Attn: Assessments
801 K St, MS 18-05
Sacramento, CA 95814
Attn: Sharon
Armstrong
Tel: 916-445-9686

Pros Incorporated                    Trade Debt           $25,794

Rolls Scaffolding & Equipment        Trade Debt           $17,032

Aramark                              Trade Debt           $16,598

Canary, LLC                          Trade Debt           $16,072

Clean Seas, LLC                      Trade Debt           $12,672

Sweet Oil Tool Rental, Inc.          Trade Debt           $11,601

KVOS, Inc.                           Trade Debt            $8,626

M.G. Taylor Equipment, Inc.          Trade Debt            $8,491

United Rentals                       Trade Debt            $8,333

Westland Transportation, Inc.        Trade Debt            $7,350

O'Briens Response Management         Trade Debt            $7,269

X-Chem Oilfield Chemicals            Trade Debt            $7,077

MMCG, Inc.                             Trade Debt          $4,949

Anterra                                Trade Debt          $4,720

Applus RTD, USA                        Trade Debt          $3,256

Environmental Health Cupa              Trade Debt          $2,906


ROGER ALLEN MCCRACKEN: Randy Burke Joins Creditors' Committee
-------------------------------------------------------------
Randy Burke has joined the official committee of unsecured
creditors in the Chapter 11 case of Roger Allen McCracken, after
David Cottler at Paramount Hotels, LLC, and Michael Bashaw left the
Committee.

As reported by the Troubled Company Reporter on July 28, 2016, Gail
Brehm Geiger, acting U.S. trustee for Region 18, on July 25
appointed three creditors to serve on the Committee.

The committee members now include:

     (1) Tom Reese
         Pacific Continental Bank
         805 S.W. Broadway, Suite 780
         Portland, OR 97205
         Tel: (503) 350-5340
         Fax: (503) 796-0101
         E-mail: tom.reese@therightbank.com

     (2) Randy Burke
         13563 S.E. 27th Place
         Bellevue, WA 98005
         Tel: (425) 644-0351
         Cell: (425) 985-0284
         E-mail: rburke@burkeelectric.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 Roger Allen McCracken

Roger Allen McCracken sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D. Wash. Case No. 16-13561) on July 6,
2016.  The Debtor is represented by Jamie J. McFarlane, Esq., at
The Tracy Law Group PLLC.


ROKA BIOSCIENCE: Posts $7.56-Mil. Net Loss in Second Quarter
------------------------------------------------------------
Roka Bioscience, Inc., filed its quarterly report on Form 10-Q,
disclosing a net loss of $7.56 million on $1.82 million of revenue
for the three months ended June 30, 2016, compared with a net loss
of $9.24 million on $1.45 million of revenue for the same period in
2015.

For the six months ended June 30, 2016, the Company listed a net
loss of $15.74 million on $3.45 million of revenue, compared to a
net loss of $2.98 million on $18.10 million of revenue for the same
period in the prior year.

The Company's balance sheet at June 30, 2016, showed $56.01 million
in total assets, $26.08 million in total liabilities, and
stockholders' equity of $29.92 million.

Roka Bioscience have limited capital resources and have experienced
negative cash flows from operations and have incurred net losses
since inception. They expect to continue to experience negative
cash flows from operations and incur net losses in the near term as
they devote substantially all of their efforts on commercialization
of their products and continued product development. They expect
future operating, investment and financing activities to be funded
by their product revenue, their existing cash and cash equivalents,
and from cash raised through debt or equity offerings, if any, in
the future. Based on the Company's current business plan, they
currently anticipate that they will have sufficient capital to fund
their existing operations through the end of 2016. The Company's
liquidity requirements may be negatively impacted by changes to
their business plan, a lengthier sales cycle, lower demand for
their products or other risks described elsewhere in this quarterly
report and in their Annual Report on Form 10-K for the year ended
December 31, 2015, and therefore they may need to raise capital
sooner than currently anticipated. These factors create a
substantial doubt about the Company's ability to continue as a
going concern.

A copy of the Form 10-Q is available at:

                         http://bit.ly/2aO7raM

Roka Bioscience, Inc., is focused on the development and
commercialization of molecular assay technologies for the detection
of foodborne pathogens. The Company was established in September
2009 through the acquisition of industrial testing assets and
technology from Gen-Probe Incorporated, which was subsequently
acquired by Hologic, Inc.


RON SAMUEL ISRAELI: Plan Confirmation Hearing Set for Sept. 27
--------------------------------------------------------------
Ron Samuel Israeli obtained a conditional approval of its Chapter
11 Combined Plan of Reorganization and Disclosure Statement.

Written objections to the Disclosure Statement and confirmation of
the Plan are due on September 20, 2016.

The last day for filing written acceptances or rejections of the
Plan has been fixed on September 20, 2016.

A hearing will be held on September 27, 2016 at 2:30 p.m. for final
approval of the Disclosure Statement and for confirmation of the
Plan.

Ron Samuel Israeli sought protection under Chapter 11 of the
(Bankr. D.N.J. Case No. 15-33499) on December 16, 2015.

Counsel to Ron Samuel Israeli:

          Chad B. Friedman, Esq.
          Brian L. Baker, Esq.
          RAVIN GREENBERG FRIEDMAN, LLC
          101 Eisenhower Parkway
          Roseland, NJ 07068
          Telephone: (973) 226-1500
          Facsimile: (973) 226-6888


RONALD WALTERS: Files Fourth Amended Disclosure Statement
---------------------------------------------------------
Ronald Neal Walters, Sr., filed with the U.S. Bankruptcy Court for
the Southern District of West Virginia a Fourth Amended Disclosure
Statement and Plan, which proposes that the Debtor will initially
pay 1% on all unsecured claims.

The unsecured claims will be paid over a 12-month period.  Payment
will start after the Debtor's motor vehicles are paid off, which
time period will be approximately commencing in November 2016.
Three percent of the claims will be paid over the next 60-month
period.

Unsecured creditors will be paid $4,464 during the last quarter of
each year for a total of payments in the last quarter of each year
in the amount of $22,320.45.

Unsecured claims total $869,897.

Payments and distributions under the Plan will be funded by the
Debtor's income from all sources including, but not limited to,
sales of real property in Charleston and income from commissions at
insurance business.  

The Disclosure Statement is available at:

         http://bankrupt.com/misc/wvsb15-20243-127.pdf

Ronald Neal Walters, Sr., filed for Chapter 11 bankruptcy
protection (Bankr. S.D. W.Va. Case No. 15-20243) on April 30, 2015.
The Debtor continues to work in the insurance business.


SANDRIDGE ENERGY: Seeks Exclusivity Extension Thru Jan. 13
----------------------------------------------------------
BankruptcyData.com reported that SandRidge Energy 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 January 13, 2017 and
March 14, 2017, respectively. The motion explains, "The hearing to
confirm the plan of reorganization that embodies this globally
supported restructuring is scheduled to conclude on September 8,
2016, approximately five days before the statutory expiration of
the Debtors' exclusive right to file a chapter 11 plan. Out of an
abundance of caution, however, the Debtors seek an extension of the
exclusivity period in which the Debtors may file and solicit
acceptances of a chapter 11 plan of reorganization. The Debtors
believe that maintaining the exclusive right to file and solicit
votes on a plan of reorganization is critical to realizing the
value-maximizing restructuring contemplated by the Plan. Extending
the exclusivity periods will afford the Debtors and their
stakeholders' time to confirm the Plan, finalize the transactions
contemplated by the Plan, and proceed toward emergence in an
efficient, organized fashion. Therefore, the Debtors request an
extension of the exclusivity period by four months to allow the
Debtors to focus on continuing to advance the process and to
preclude the costly disruption and instability that would occur if
competing plans were to be proposed." The Court scheduled an August
31, 2016 hearing to consider the extension motion.

                     About SandRidge Energy

SandRidge Energy, Inc. (OTC PINK: SDOC) --
http://www.sandridgeenergy.com/-- is an oil and natural gas  
exploration and production company headquartered in Oklahoma City,
Oklahoma, with its principal focus on developing high-return,
growth-oriented projects in the U.S. Mid-Continent and Niobrara
Shale.

SandRidge Energy, Inc. and 24 of its subsidiaries each filed a
voluntary petition under Chapter 11 of the Bankruptcy Code (Bankr.
S.D. Tex. Lead Case No. 16-32488) on May 16, 2016. The petitions
were signed by Julian M. Bott as chief financial officer.

The Debtors have hired Kirkland & Ellis LLP as general bankruptcy
counsel, Zack A. Clement PLLC as local counsel, Houlihan Lokey
Capital, Inc. as financial advisor, Alvarez & Marsal Holdings, LLC
as restructuring advisor and Prime Clerk LLC as claims and
noticing
agent.

The cases are assigned to Judge David R Jones.

The Office of the U.S. Trustee has appointed five creditors of
SandRidge Energy, Inc., to serve on the official committee of
unsecured creditors.


SHARP FINANCIAL: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Sharp Financial LLC
        8939 S Sepulveda Blvd Suite 102
        Los Angeles, CA 90045

Case No.: 16-20496

Chapter 11 Petition Date: August 8, 2016

Court: United States Bankruptcy Court
       Central District of California (Los Angeles)

Judge: Hon. Robert N. Kwan

Debtor's Counsel: Al West, Esq.
                  WEST & ASSOCIATES
                  700 N Pacific Coast Hwy Suite 201
                  Redondo Beach, CA 90277
                  Tel: 310 374-4141
                  E-mail: Westand Associates1@gmail.com

Total Assets: $3.3 million

Total Debts: $13.39 million

The petition was signed by Steven Rogers, authorized agent.

List of Debtor's 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Ray Gutirerrez                     Contract for         $900,000
428 Georgetown Avenue              debt via Note
Ventura, CA 93003                  & Assignment
Email: authorizedtrust@gmail.com

Marc & Michelle Griffith           Contract for         $600,000
6020 Heatherton Drive              debt via Note
Somis, CA 93066                    & Assignment
Email: notedresults@gmail.com

Sunil Wadhwa                       Contract for         $600,000
747 Sturbridge Drive               debt via Note
Folsom, CA 95630                   & Assignment

Raj Wadhwa                         Contract for         $575,000
1102 Penniman Dr.                  debt via Note
El Dorado Hills, CA 95762          & Assignment

Jane Bin Yu                        Contract for         $575,000
1462 Michigan Avenue               debt via Note
San Jose, CA 95002                 & Assignment

Angela Leung                       Contract for         $575,000
3217 Acalanes Avenue               debt via Note
Lafayette, CA 94549                & Assignment

Greg Somerville                    Contract for         $575,000
3416 Saint Andrews Drive           debt via Note
Stockton, CA 95219                 & Assignment

Stella Tan                         Contract for         $570,000
4525 Lincoln Way                   debt via Note
San Francisco, CA 94122            & Assignment

Ellen Davenport                    Contract for         $570,000
5555 Thayer Lane                   debt via Note
San Ramon, CA 94582                & Assignment

Harold Fuhrmann                    Contract for         $500,000
1953 Village Court                 debt via Note
Ione, CA 95640                     & Assignment

Lorraine Moller                    Contract for         $500,000
2525 Arapahoe, Suite 500           debt via Note
Boulder, Colorado 80302            & Assignment

Robert Burns                       Contract for         $400,000
690 Healther Court                 debt via Note
Pacifica, CA 94044                 & Assignment

John Lazell                        Contract for          $175,000
                                   debt via Note
                                   & Assignment

Floro Anunciacion                  Contract for          $175,000
                                   debt via Note
                                   & Assignment

Richard Guriel                     Contract for          $170,000
                                   debt via Note
                                   & Assignment

Maritza Luz Vega                   Contract for          $150,000
                                   debt via Note
                                   & Assignment

Leslie Edwards                     Contract for          $150,000
                                   debt via Note
                                   & Assignment

Gerald Bardel                      Contract for          $150,000
                                   debt via Note
                                   & Assignment

Steven Vaughn                      Contract for          $150,000
                                   debt via Note
                                   & Assignment

John Tombarelli                    Contract for          $150,000

                                   debt via Note
                                   & Assignment


SHEEHAN PIPE LINE: Seeks Sept. 14 Extension of Plan Filing Date
---------------------------------------------------------------
Sheehan Pipe Line Construction Company asks the U.S. Bankruptcy
Court to extend by 30 days the exclusive periods in which to file
and gain acceptance of a Chapter 11 plan or until September 14,
2016 and November 14, 2016, respectively.

The Debtor relates that its ability to formulate and submit a plan
during this period of time has been rendered difficult under its
current circumstances, which includes: (a) dealing non-stop with
successful efforts to sell its equipment pursuant to a
court-supervised auction and related matters, (b) litigating with
Zurich American Insurance Company and Fidelity & Deposit Company of
Maryland on critical matters concerning use of cash collateral and
the scope, extent, and priority of its security interests and liens
in the Debtor’s assets.

In addition, the Debtor and Zurich, along with the Official
Committee of Unsecured Creditors have been engaged in negotiations
and have, among other matters, reached a substantial global
settlement on August 4, 2016, which will provide for the proposal
and solicitation of a Chapter 11 plan by the Debtor with
substantial input and involvement by the Committee, the Debtor
says.

Attorneys for the Debtor:

       Gary M. McDonald, Esq.
       Chad J. Kutmas, Esq.
       Mary E. Kindelt, Esq.
       MCDONALD, MCCANN, METCALF & CARWILE, LLP
       First Place Tower
       15 E. Fifth Street, Suite 1400
       Tulsa, OK 74103
       Tel.: (918) 430-3700
       Fax: (918) 430-3770
       Email: gmcdonald@mmmsk.com
              ckutmas@mmmsk.com
              mkindelt@mmmsk.com

            About Sheehan Pipe Line

Sheehan Pipe Line Construction Company, a contractor that
constructs pipelines in various states across the country, filed a
voluntary petition for relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Okla. Case No. 16-10678) on April 15,
2016, listing total assets of $90.2 million and total debt of $68.4
million.   

The petition was signed by Robert A. Riess, Sr., as president and
CEO. Mary E. Kindelt, Esq., Chad J. Kutmas, Esq., and Gary M.
McDonald, Esq., at McDonald, McCann & Metcalf & Carwile, LLP,
serves as counsel to the Debtor.  Lawyers at Foley & Lardner LLP
represent the creditors' committee.  The case is pending before
Judge Terrence L. Michael.


STAGE PRESENCE: Plan Confirmation Hearing Set for Sept. 22
----------------------------------------------------------
Bankruptcy Judge Michael E. Wiles approved the Second Amended
Disclosure Statement, as Modified, for the Chapter 11 plan of Stage
Presence Incorporated.

The hearing to consider confirmation of the Plan will be held
before the Hon. Michael E. Wiles on Sept. 22, 2016 at 10:00 a.m.
(prevailing Eastern time), as such date may be continued or
adjourned by the Court.

Objections, if any, to the Plan are due no later than 4:00 p.m.
(prevailing Eastern time) on Sept. 15, 2016.

Ballots completed by holders of claims in Class 2 and Class 3 must
be actually received by the Voting Agent on or before 4:00 p.m.
(prevailing Eastern time) on Sept. 15, 2016.

As reported by the Troubled Company Reporter on July 8, 2016, under
the Debtor's Second Amended Plan, each holder of Allowed Class 2
General Unsecured Claims shall -- in full satisfaction of their
claims -- receive:

     (1) their pro rata share of the proceeds of the Litigation
         Fund, if any is generated;

     (2) their pro rata share of the Television Program Revenue;
         and

     (3) their pro rata share of 50% of the Debtor's net income
         generated by its post confirmation operations, payable
         in equal quarterly installments for a period of the
         earlier of three years following the Effective Date or
         such time when their Allowed claims are paid, in full,
         from the Litigation Fund and/or the Television Program
         Revenue.

One of the potential means of implementation of the Plan is the
recovery by the Debtors in the adversary proceeding captioned,
Stage Presence Incorporated v. Geneve International Trust, Ronald
L. Batholomew, Trustee, and Stephen Menner (Adversary Proceeding
No. 12-01561, which the Debtor commenced on July 16, 2012.  The
Arbitrator has determined that GIT was liable to the Debtor for
breach of contract, the amount of $487,061.  A judgment of the same
amount was entered by the Bankruptcy Court in July 2015.

Another potential means for the implementation of the Plan is the
recovery by the Debtor in its adversary proceeding entitled, Stage
Presence Incorporated and Allen Newman v. Geneve International
Corp., Ronald L. Bartholomew, Stephen Menner, Sara O'Meara, and
Yvonne Fedderson (Adv. Proc. No. 15-01415-MEW), which the Debtor
commenced on December 10, 2015.  This adversary proceeding remains
pending.

A redlined version of the Second Amended Disclosure Statement is
available at:

          http://bankrupt.com/misc/nysb12-10525-265.pdf

                      About Stage Presence

Stage Presence Incorporated filed a Chapter 11 petition (Bankr.
S.D.N.Y., Case No. 12-10525) on February 9, 2012.  The petition was
signed by Allen Newman, president.  The Debtor has tapped
Shafferman & Feldman, LLP as its legal counsel.  The Debtor
estimated assets of $2,309,486 and debts of $1,373,349.

On March 27, 2012, the Office of the United States Trustee
appointed a Committee of Unsecured Creditors in this case.  The
members of the Committee are KZ Video Consultants, Inc. and Alan
Adelman.  On March 4, 2016, the Office of the United States Trustee
filed an Amended Appointment of a Committee of Unsecured Creditors
in this case, the members of which are KEnigma, Inc. and Alan
Adelman.  Neither the original Committee nor the Amended Committee
has retained counsel.


STARCO VENTURES: Ch.11 Trustee Hires Gunster as Special Counsel
---------------------------------------------------------------
Maynard "Mike" D. Luetgert, the Chapter 11 Trustee for Starco
Ventures, Inc., asks the U.S. Bankruptcy Court for the Middle
District of Florida for permission to employ Ken Mather and the
Gunster law firm as his special conflicts cousel, nunc pro tunc to
July 19, 2016.

The Chapter 11 Trustee seeks to employ Mr. Mather and Gunster to
represent the Chapter 11 Trustee as Special Conflicts Counsel with
respect to a claim which has been asserted as belonging to the
Debtor by Debtor's de facto principal Jacques de Bruijn "as member
of the Starco committee and on behalf of Starco's shareholders and
stakeholders" involving Unit 305, 18320 Gulf Blvd., Redington
Shores, Florida 33708 ("Unit 305") and/or possibly First American
Title.

The Debtor was not the record title owner of Unit 305 on the
Petition Date as Unit 305 had previously been conveyed in 2007 by
San Remo 721 Corporation and San Remo 718 Corporation, the
then-apparent record title owners of Unit 305 to a third party,
Oakbrook Ventures, Inc.

The Trustee requires Mr. Mather and Gunster to act as Special
Conflicts Counsel to the Trustee for purposes of reviewing and
evaluating the Unit 305 Claim asserted by Jacques de Bruijn and
advising the Trustee relative to the merits, if any, of the Unit
305 Claim.

Gunster's Mr. Mather will be paid at $365 per hour.

Kenneth G.M. Mather, counsel to the law firm Gunster, assured the
Court that his 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.

Gunster can be reached at:

       Kenneth G.M. Mather
       Gunster
       401 East Jackson St., Suite 2500
       Tampa, FL 33602
       Tel: (813)222-6630
       Fax: (813)314-6841
       E-mail: kmather@gunster.com

                       About Starco Ventures

Headquartered in Seminole, Florida, Starco Ventures, Inc., filed
for Chapter 11 bankruptcy protection (Bankr. M.D. Fla. Case No.
13-05326) on April 24, 2013, estimating its assets at between $1
million and $10 million and debts at between $10 million and $50
million.  The petition was signed by Antoinette Van Putte,
president.

Judge K. Rodney May presides over the case.Leon A. Williamson, Jr.,
Esq., at

Leon A. Williamson, Jr., P.A., serves as the Debtor's bankruptcy
counsel.


STW RESOURCES: Files Voluntary Chapter 11 Bankruptcy Petition
-------------------------------------------------------------
STW Resources Holding Corp., a water treatment and service company,
on Aug. 9, 2016, disclosed that it has elected to file a voluntary
petition under Chapter 11 of the Bankruptcy Code in the U.S.
Bankruptcy Court for the Northern District of Texas.

"We believe this decision is in the best interests of the creditors
and shareholders," said Alan Murphy, president and chief executive
officer, STW Resources Holding Corp.  "The protections afforded by
Chapter 11 provide for an orderly process and additional time that
enables us to pursue the strategic and financial alternatives that
are in process.  The filing minimizes the impact from the recent
demand by our current creditors. Through this process, and under
the supervision of the bankruptcy court, we expect to be able to
formulate a plan which will generate the maximum possible return
for all parties involved.  STW intends to continue to work with all
classes of creditors to manage and operate its business under the
jurisdiction of the Bankruptcy Court and in accordance with the
applicable provisions of the Bankruptcy Code.  The Company is
working with investors and creditors to review financial and
strategic alternatives with the goal of repayment of all claims and
maximization of stockholder value.  Potential alternatives to be
explored further and evaluated during the review process may
include raising additional capital, a strategic collaboration with
one or more parties, or the sale or divestiture of some operating
companies.  We anticipate that a committee of creditors will be
formed, again under the supervision of the Bankruptcy Court, to
assist in the reorganization process.

                About STW Resources Holding Corp.

STW Resources Holding Corp. (otcqb:STWS) --
http://www.stwresources.com/-- is a quality provider of water
reclamation and processing management services, and provides total
water solutions and provides its Customers with "out-of-the-box"
design solutions to meet customer's water needs.  STW Resources
Holding Corp. has capabilities to provide complete oversight of
various water and wastewater projects with primary focus on
engineering, regulatory permitting including Public Water Systems
(PWS), Discharge permits, Pilot exception and Pilot Study,
equipment design & treatment process design, manufacturing &
installation and full scale Commissioning and training for all
types of oil & gas, industrial and municipal water and wastewater
markets throughout the State of Texas.


SUGARMADE INC: Reports $10.23-Mil. Net Loss in 2015
---------------------------------------------------
Sugarmade, Inc., filed its annual report on Form 10-K,
reporting a net loss of $10.23 million on $2.91 million of revenues
for the fiscal year ended June 30, 2015, compared with a net loss
of $755,610 on $70,751 of revenues for the year ended June 30,
2014.

The Company's balance sheet at June 30, 2015, showed
$1.11 million in total assets, $3.99 million in total liabilities,
and stockholders' deficit of $2.88 million.

The Company sustained continued operating losses during the years
ended June 30, 2015 and 2014.  The Company's continuation as a
going concern is dependent on its ability to generate sufficient
cash flows from operations to meet its obligations, in which it has
not been successful, and/or obtaining additional financing from its
shareholders or other sources, as may be required.

A complete text of the Form 10-K is available for free at:

                       https://is.gd/Tgg63i

City of Industry, Calif.-based Sugarmade, Inc., is a publicly
traded company incorporated in the state of Delaware.  The
Company's previous legal name was Diversified Opportunities, Inc.
The Company is principally engaged in the business of selling and
distributing environmentally friendly non-tree-based paper
products.



SUNEDISON INC: 5 Additional Debtors' Chapter 11 Case Summary
------------------------------------------------------------
Five affiliates of SunEdison, Inc. and certain of its subsidiaries
commenced cases by filing petitions for relief under the Bankruptcy
Code in the Bankruptcy Court, namely:

      Debtor                                      Case No.
      ------                                      --------
      Buckthorn Renewables Holdings, LLC          16-12298
      13736 Riverport Drive
      Maryland Heights, MO 63043

      Greenmountain Wind Holdings, LLC            16-12299
      Rattlesnake Flat Holdings, LLC              16-12300
      Somerset Wind Holdings, LLC                 16-12301
      SunE Waiawa Holdings, LLC                   16-12302

Type of Business: Developer and seller of photovoltaic energy
                  solutions, an owner and operator of clean power
                  generation assets, and a global leader in the
                  development, manufacture and sale of silicon
                  wafers to the semiconductor industry.

Chapter 11 Petition Date: August 9, 2016

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

Judge: Hon. Stuart M. Bernstein

Debtors' Counsel: Jay M. Goffman, Esq.
                  J. Eric Ivester, Esq.
                  Shana A. Elberg, Esq.
                  SKADDEN, ARPS, SLATE, MEAGHER & FLOM LLP
                  Four Times Square
                  New York, New York 10036-6522
                  Tel: (212) 735-3000
                  Fax: (212) 735-2000
                  E-mail: jay.goffman@skadden.com
                          eric.ivester@skadden.com
                          shana.elberg@skadden.com

                            - and -

                  James J. Mazza, Jr., Esq.
                  Louis S. Chiappetta, Esq.
                  SKADDEN, ARPS, SLATE, MEAGHER & FLOM LLP
                  155 N. Wacker Dr.
                  Chicago, Illinois 60606-1720
                  Tel: (312) 407-0700
                  Fax: (312) 407-0411
                  E-mail: james.mazza@skadden.com
                          louis.chiappetta@skadden.com

Debtors'          
Conflicts
Counsel:          TOGUT, SEGAL & SEGAL LLP

Debtors'          
Investment
Banker and
Financial
Advisor:          ROTHSCHILD INC.

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

Debtors'          
Claims &
Noticing
Agent:            PRIME CLERK LLC

Buckthorn's Estimated Assets: $10 million to $50 million

Buckthorn's Estimated Debt: $0 to $50,000

The petition was signed by Kevin Christy, vice president.

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


SYNCARDIA SYSTEMS: Wins Approval to Hold Bankruptcy Auction
-----------------------------------------------------------
The American Bankruptcy Institute, citing David Wichner of Arizona
Daily Star, reported that the assets of Tucson-based artificial
heart maker SynCardia Systems will go on the bankruptcy auction
block Sept. 14, after the company won court approval of the auction
despite the objections of creditors and a case trustee.

According to the report, Judge Mary F. Walrath of the U.S.
Bankruptcy Court in Delaware signed the order approving the
auction, finding that SynCardia "articulated good and sufficient
business reasons" to approve the auction.

The judge did delay the process, after a committee of unsecured
creditors and the U.S. Trustee in the Chapter 11 case complained
that the auction timetable was too short, the report related.

SynCardia and its proposed buyer had proposed holding an auction
Aug. 19 and a hearing to approve the winning bidder on Aug. 22,
contending a quick sale was needed to keep SynCardia afloat, the
report further related.

Judge Walrath ordered the auction to be conducted on Sept. 14 and
the hearing to approve the sale to the highest bidder to be held on
Sept. 16, the report said.

SynCardia has proposed selling its assets to its major secured
creditor, an affiliate of Versa Capital Management, for a credit
bid of $19 million plus $150,000 cash, subject to higher offers in
the bankruptcy auction, the report added.  The proposed buyer also
is providing short-term debtor financing to help SynCardia survive
through the bankruptcy case, the report noted.

                     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.  The Committee tapped Shaw Fishman Glantz &
Towbin LLC as counsel, Arent Fox LLP as co-counsel, and
Gavin/Solmonese LLC as financial advisor.


TAG FINANCIAL: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: TAG Financial Services, Inc.
        P.O. Box 441207
        Kennesaw, GA 30160

Case No.: 16-63803

Chapter 11 Petition Date: August 8, 2016

Court: United States Bankruptcy Court
       Northern District of Georgia (Atlanta)

Debtor's Counsel: Michael D. Robl, Esq.
                  ROBL LAW GROUP LLC
                  3754 LaVista Road, Suite 250
                  Tucker, GA 30084
                  Tel: 404-373-5153
                  Fax: 404-537-1761
                  E-mail: mdrobl@tsrlaw.com              
                          michael@roblgroup.com

Total Assets: $6.30 million

Total Liabilities: $6.67 million

The petition was signed by Wayne Daniel, president and COO.

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at:

         http://bankrupt.com/misc/ganb16-63803.pdf


TERRY R. CLARK: Court Sets Sept. 15 Plan Confirmation Hearing
-------------------------------------------------------------
The U.S. Bankruptcy Court for the Middle District of Georgia
approved the disclosure statement filed by the Terry R. Clark and
Diana C. Clark.

All ballots accepting or rejecting the Plan may be filed with the
Court directly by the voting creditors and equity security holders,
and any objection to confirmation of the Plan shall be filed with
the Court on or before September 9, 2016.

A hearing for the consideration of confirmation of the Plan and any
objections to confirmation of the Plan will be held on September
15, 2016, at 10:00 a.m.

Terry R. Clark and Diana C. Clark filed a Chapter 11 petition (
Bankr. M.D. Ga. Case No. 15-70493), on May 4, 2015.


TEXAS PELLETS: Seeks Nov. 28 Extension of Plan Filing Date
----------------------------------------------------------
Texas Pellets, Inc., and German Pellets Texas, LLC, ask the U.S.
Bankruptcy Court for a 90-day extension of their exclusive
plan-filing deadlines to November 28, 2016, and their exclusive
socilitation deadline to January 25, 2017.

The Debtors asserts that additional time should be granted to allow
the Debtors to continue their reorganization efforts and
marketing/plan support process. To date, the Debtors are still
returning production levels at the Manufacturing Facility to normal
following the filing of the Petition and other recent events. The
Debtors eventually expect to be in a position to more fully assess
their restructuring and sale options, but ask that the Court grant
the Debtors a short 90-day extension so that they can complete this
evaluation process in a more comprehensive way.

The Debtors tell that this extension will enable their creditors to
better evaluate the Debtors' reorganization options as production
returns to normal and the marketing process moves forward, without
the distraction of competing plans.

Counsel to Texas Pellets, Inc. and German Pellets Texas, LLC:

       W. Steven Bryant, Esq.
       LOCKE LORD LLP
       2800 JP Morgan Chase Tower
       600 Travis Street
       Houston, Texas 77002
       Telephone: (713) 226-1489
       Facsimile: (713) 229-2536
       Email: sbryant@lockelord.com

       -- and --

       C. Davin Boldissar, Esq.
       Bradley C. Knapp, Esq.
       LOCKE LORD LLP
       601 Poydras Street, Suite 2660
       New Orleans, Louisiana 70130-6036
       Telephone: (504) 558-5100
       Facsimile: (504) 681-5211
       Email: dboldissar@lockelord.com
              bknapp@lockelord.com

             About Texas Pellets

Texas Pellets, Inc., based in Woodville, Texas, filed a Chapter 11
petition (Bankr. E.D. Tex. Case No. 16-90126) on April 30, 2016.
The petition was signed by Anna Katherin Leibold, president and
chief executive officer.

German Pellets Texas, LLC, also based in Woodville, Texas, filed a
Chapter 11 petition (Bankr. E.D. Tex. Case No. 16-90127) on April
30, 2016.  The petition was signed by Peter H. Leibold, its chief
executive officer.

The cases have been jointly administered under Texas Pellets' case.
Judge Bill Parker presides over the cases.

The Office of the U.S. Trustee on May 17 appointed two creditors of
Texas Pellets Inc. and German Pellets Texas LLC to serve on the
official committee of unsecured creditors. The Office of the U.S.
Trustee on June 7 also appointed Lonnie Grissom,  Jr., of North
American Procurement Company to serve on the official committee of
unsecured creditors of Texas Pellets Inc. and German Pellets Texas
LLC.


TRUMP ENTERTAINMENT: Taj Closing May Sway NJ Casino Expansion Vote
------------------------------------------------------------------
The Wall Street Journal Pro Bankruptcy, citing The Associated
Press, reported that the closure of Atlantic City's Trump Taj Mahal
casino, planned for Oct. 10, may help bolster the arguments of both
sides in a referendum over putting casinos in northern New Jersey.

According to the report, the shutdown date, revealed in warning
notices that were required by law to be filed with the state
Department of Labor, set the closing date for less than a month
before New Jersey voters go to the polls to decide whether to
authorize two new casinos near New York City.

Proponents say the state is already losing business to casinos in
nearby states and needs new ones closer to these customers, the
report related.

Opponents argue that Atlantic City's casinos are already so fragile
that three or more may close when faced with new in-state
competition, the report further related.

Billionaire owner Carl Icahn says he will shut the Trump Taj Mahal
down after Labor Day, because it is losing millions of dollars a
month, the report said.  Atlantic City's main casino workers' union
has been on strike against the casino since July 1, the report
added.  The closure would leave Atlantic City with seven casinos,
the report noted.

                   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.


TUSK ENERGY: Asks Court to Extend Schedules Filing Deadline
-----------------------------------------------------------
Tusk Energy Services, LLC, et al., filed a motion with the
Bankruptcy Court asking the Court to extend the deadline within
which they must file a schedule of assets and liabilities, a
schedule of current income and expenditures, a schedule of
executory contracts and unexpired leases and a statement of
financial affairs by 30 days, through and including Sept. 15,
2016.

The Debtors said they have a significant number of separate
creditors about whom they must develop pertinent information,
including names, addresses, claim amounts and applicable security
for those claims.  Additionally, in order to properly complete the
Schedules and SOFAs, the Debtors must prepare, among other items,
lists of assets, lists of payments made to creditors, lists of
payments made to insiders, and lists of executory contracts and
unexpired leases and the counterparties to those contracts and
leases.  The Debtors maintained that completing the Schedules and
SOFAs will require the collection, review and assembly of a
considerable amount of information held in a number of locations
involving numerous contractors and subcontractors.

"The Debtors recognize the importance of assembling this
information and intend to complete the Lists and Schedules and
SOFAs as quickly as possible under the circumstances.  However,
given the urgency with which the Debtors have sought chapter 11
relief and other matters that the Debtors' limited staff must
address in the early days of these cases, the Debtors
will not be in a position to complete the Schedules and SOFAs by
August 22, 2016," according to Davin Boldissar, Esq., at Locke Lord
LLP, one of the Debtors' attorneys.

                        About Tusk Energy

Tusk Energy Services, LLC, Tusk Subsea Services, LLC, Tusk
Construction, LLC, and Rene Cross Construction, Inc., commenced
cases under Chapter 11 of the Bankruptcy Code with the U.S.
Bankruptcy Court for the Western District of Louisiana on Aug. 8,
2016 (Bankr. W.D. La. Case Nos. 16-51082 to 16-51085) with the goal
of marketing their businesses and assets for sale.

The Debtors have essentially two operating businesses: (i) a
dredging and jetting services company, operating under the name of
Tusk Subsea and operating through assets of Debtor Tusk Subsea
Services, LLC; and (ii) an inland marine construction business,
operating under the name of Rene Cross Construction and operating
through assets of Debtor Rene Cross Construction, Inc.

Tusk Energy estimated assets in the range of $1 million to $10
million and debts of up to $10 million.  Locke Lord LLP serves as
the Debtors' counsel.  The cases are assigned to Judge Robert
Summerhays.


TUSK ENERGY: Case Summary & 4 Unsecured Creditors
-------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

        Debtor                                    Case No.
        ------                                    --------
        Tusk Energy Services, LLC                 16-51082
        211 Thur-Way Park Rd.
        Broussard, LA 70518
      
        Tusk Construction, LLC                    16-51083
        
        Tusk Subsea Services, LLC                 16-51084     

        Rene Cross Construction, Inc.             16-51085

Type of Business: The Debtors have essentially two operating
                  businesses: (i) a dredging and jetting
                  services company, operating under the name of
                  Tusk Subsea and operating through assets of
                  Debtor Tusk Subsea Services, LLC; and (ii) an
                  inland marine construction business, operating
                  under the name of Rene Cross Construction and  
                  operating through assets of Debtor Rene Cross
                  Construction, Inc.

Chapter 11 Petition Date: August 8, 2016

Court: United States Bankruptcy Court
       Western District of Louisiana (Lafayette)

Judge: Hon. Robert Summerhays

Debtors' Counsel: C. Davin Boldissar, Esq.
                  Bradley Clay Knapp, Esq.
                  LOCKE LORD LLP
                  601 Poydras St., Ste. 2660
                  New Orleans, LA 70130
                  Tel: (504) 558-5100
                  Fax: (504) 558-5200
                  E-mail: dboldissar@lockelord.com
                          bknapp@lockelord.com

Tusk Energy's Estimated Assets: $1 million to $10 million

Tusk Energy's Estimated Debt: $1 million to $10 million

The petitions were signed by Kenneth Myers, president.

Tusk Energy's List of Four Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
4k Properties, LLC                                        $93,000
PO Box 14238
New Iberia, LA
70562

Adams and Reese LLP                                        $4,987
PO Box 2153
Birmingham, AL 35287

Group Insurance                                              $383
Associates, Inc.
3421 N. Causeway
Blvd. Suite 304
Metairie, LA 70002

Phelps Dunbar, LLP                                         $1,767
P.O. Box 974798
Dallas, TX 75397


TUSK ENERGY: Files for Bankruptcy Protection, Looks for Buyer
-------------------------------------------------------------
Severely impacted by the decline in the price of crude oil, Tusk
Energy Services, LLC, Tusk Subsea Services, LLC, Tusk Construction,
LLC, and Rene Cross Construction, Inc., commenced cases under
Chapter 11 of the Bankruptcy Code with the U.S. Bankruptcy Court
for the Western District of Louisiana with the goal of marketing
their businesses and assets for sale.

Prior to the Petition Date, the Debtors solicited expressions of
interest from parties to purchase their business and assets, and
two unidentified parties presented the Debtors with letters of
intent in July, 2016.

According to Kenneth Myers, president of Tusk Energy, the Debtors
suffered from the effects of the overall severe slowdown in
offshore oil and gas exploration and production activity in
Louisiana and in other areas where they conduct businesses.

As a result of the liquidity crisis, the Debtors defaulted under a
secured credit facility with Origin Bank due to their inability to
make required payments of principal and interest.  As of the
Petition Date, the Debtors are indebted to Origin Bank in the
amount of approximately $5,002,572 in principal, plus accrued
interest, as disclosed in Court documents.

The Debtors said they pursued various options for additional
liquidity prior to the Petition Date, unfortunately without
success.

To minimize disruption to their business operations while in
Chapter 11, the Debtors have filed a number of first day motions
seeking permission to, among other things, obtain post-petition
financing, pay employee wages and benefits and use Origin Bank's
cash collateral.

The Debtors have essentially two operating businesses: (i) a
dredging and jetting services company, operating under the name of
Tusk Subsea and operating through assets of Debtor Tusk Subsea
Services, LLC; and (ii) an inland marine construction business,
operating under the name of Rene Cross Construction and operating
through assets of Debtor Rene Cross Construction, Inc.

Tusk Energy estimated assets in the range of $1 million to $10
million and debts of up to $10 million.  Locke Lord LLP serves as
the Debtors' counsel.  The cases are assigned to Judge Robert
Summerhays.


TUSK ENERGY: Origin Bank Agrees to Provide $500,000 DIP Loan
------------------------------------------------------------
Tusk Energy Services, LLC, et al., filed a motion with the
Bankruptcy Court seeking approval of a debtor-in-possession loan
under a postpetition secured credit facility in the total amount of
$500,000 extended by Origin Bank (the Debtors' prepetition secured
lender), as well as for the agreed use of cash collateral pursuant
to an agreed budget.

"Without the DIP Loan and use of Cash Collateral, the Debtors will
be unable to pay its necessary payroll and other operating expenses
and operate the Debtors' businesses as a going concern in a manner
that will avoid irreparable harm to the Debtors' estates," said
Davin C. Boldissar, Esq., at Locke Lord LLP, one of the Debtors'
attorneys.

Origin Bank's lending of the DIP Loan is conditioned upon the grant
of postpetition liens that will constitute a first priority lien in
all postpetition assets of the Debtors (including without
limitation receivables), subject only to the Carve-Out.

The Debtors believe that given the current market conditions and
under the particular circumstances of these Chapter 11 cases, there
are no other sources of funding.  

The DIP Loan will accrue interest at the same rate as set forth in
the pre-petition Secured Credit Facility (rate of Prime plus 1% per
annum).  Upon the occurrence of an Event of Default, the DIP Loan
will accrue interest at a default rate of interest equal to 2% over
such rate and such interest will be payable on demand.

The DIP Loan has a maturity date of the earliest to occur of the
following: (i) the occurrence of an Event of Default; and (ii) Nov.
30, 2016.

"It is essential to the Debtors' successful reorganization and the
going concern value of their businesses that they have sufficient
funds to operate in the ordinary course, and at a level that is on
par with their prepetition performance," Mr. Boldissar maintained.

                       About Tusk Energy

Tusk Energy Services, LLC, Tusk Subsea Services, LLC, Tusk
Construction, LLC, and Rene Cross Construction, Inc., commenced
cases under Chapter 11 of the Bankruptcy Code with the U.S.
Bankruptcy Court for the Western District of Louisiana on Aug. 8,
2016 (Bankr. W.D. La. Case Nos. 16-51082 to 16-51085) with the goal
of marketing their businesses and assets for sale.

The Debtors have essentially two operating businesses: (i) a
dredging and jetting services company, operating under the name of
Tusk Subsea and operating through assets of Debtor Tusk Subsea
Services, LLC; and (ii) an inland marine construction business,
operating under the name of Rene Cross Construction and operating
through assets of Debtor Rene Cross Construction, Inc.

Tusk Energy estimated assets in the range of $1 million to $10
million and debts of up to $10 million.  Locke Lord LLP serves as
the Debtors' counsel.  The cases are assigned to Judge Robert
Summerhays.


TUSK ENERGY: Seeks Joint Administration of Chapter 11 Cases
-----------------------------------------------------------
Tusk Energy Services, LLC, Tusk Subsea Services, LLC, Tusk
Construction, LLC, and Rene Cross Construction, Inc. asked the
Bankruptcy Court to enter an order directing joint administration
of their Chapter 11 cases for procedural purposes only.

The Debtors are "affiliates" as that term is defined in Section
101(2) of the Bankruptcy Code because Tusk Energy Services, LLC is
the corporate parent of the other three debtors, owning 100% of the
equity interests of each.

The Debtors anticipate that numerous notices, applications,
motions, hearings, and orders in these cases will affect all four
of them.  With four debtors before the Court, each with its own
case docket, the failure to administer these cases jointly would
result in the filing of duplicative pleadings for each issue that
arises in these cases, and the service of each of these duplicative
pleadings on numerous overlapping service lists.

According to the Debtors, joint administration of these cases will
eliminate these cumbersome filings and reduce the waste and burden
on judicial resources associated with the administration of these
Chapter 11 cases.  Joint administration will also reduce the burden
on the United States Trustee in supervising these Chapter 11
cases.

The Debtors request that all pleadings and other documents to be
filed in the jointly administered cases will be filed and docketed
in the case of Tusk Energy Services, LLC, Case No. 16-51082.

                       About Tusk Energy

Tusk Energy Services, LLC, Tusk Subsea Services, LLC, Tusk
Construction, LLC, and Rene Cross Construction, Inc., commenced
cases under Chapter 11 of the Bankruptcy Code with the U.S.
Bankruptcy Court for the Western District of Louisiana on Aug. 8,
2016 (Bankr. W.D. La. Case Nos. 16-51082 to 16-51085) with the goal
of marketing their businesses and assets for sale.

The Debtors have essentially two operating businesses: (i) a
dredging and jetting services company, operating under the name of
Tusk Subsea and operating through assets of Debtor Tusk Subsea
Services, LLC; and (ii) an inland marine construction business,
operating under the name of Rene Cross Construction and operating
through assets of Debtor Rene Cross Construction, Inc.

Tusk Energy estimated assets in the range of $1 million to $10
million and debts of up to $10 million.  Locke Lord LLP serves as
the Debtors' counsel.  The cases are assigned to Judge Robert
Summerhays.


TWO MILE RANCH: US Trustee Fails to Appoint Creditors' Committee
----------------------------------------------------------------
U.S. Trustee Patrick S. Layng informs the U.S. Bankruptcy Court for
the District of Colorado that a committee of unsecured creditors
has not been appointed in the Chapter 11 case of Two Mile Ranch due
to insufficient response to the U.S. Trustee communication/contact
for service on the committee.


                        About Two Mile Ranch

Two Mile Ranch sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. Colo. Case No. 16-16615) on July 1, 2016.  The
petition was signed by Mark A. Pauling, partner and manager.  

The case is assigned to Judge Elizabeth E. Brown.

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

Arthur Lindquist-Kleissler, Esq., at Lindquist-Kleissler & Company,
LLC, serves as the Debtor's bankruptcy counsel.


VALUE PROPERTIES: Court Confirms Ch. 11 Plan
--------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Illinois,
Eastern Division, entered an order confirming Value Properties,
Inc.'s Fourth Modified Chapter 11 Plan of Reorganization.

The Fourth Modified Chapter 11 Plan of Reorganization filed by
Value Properties, Inc. on April 21, 2016, having been transmitted
to creditors and the Court having determined that the Fourth
Amended Disclosure Statement filed on April 21, 2016, contains
adequate information

The Order is entered retroactive to June 2, 2016.

The Debtor is represented by:

  Ben Schneider, Esq.
  Schneider & Stone
  8424 Skokie Blvd.
  Suite 200
  Skokie, IL 60077

           About Value Properties

Value Properties, Inc. filed a Chapter 11 petition (Bankr. N.D.
Ill. Case No. 15-00856), on January 12, 2015. The petition was
signed by Alan Washer, president. The case is assigned to Hon.
Jacqueline P. Cox. The Debtor estimated its assets ranging from
$100,000 to $500,000  and liabilities in the range of $1 million to
$10 million at the time of the filing.


VESTIS RETAIL: Needs Until Dec. 14 to File Ch. 11 Liquidating Plan
------------------------------------------------------------------
VRG Liquidating, LLC, f/k/a Vestis Retail Group, LLC, and its
affiliated debtors ask the U.S. Bankruptcy Court to extend the
periods within which only the Debtors may file a chapter 11 plan
and solicit acceptances thereof through and including December 14,
2016, and February 14, 2017, respectively.

The Debtors are currently working with the Official Committee of
Unsecured Creditor and Buyer Vestis BSI Funding II, LLC, to bring
these bankruptcy cases to an orderly and efficient conclusion
through a consensual chapter 11 plan of liquidation providing for
the administration of the purchase price received by the Buyer and
the Excluded Assets not covered by the Sale. The Debtors submit
that the requested extensions of the Exclusive Periods are both
appropriate and necessary to facilitate this process.

Counsel to the Debtors and Debtors in Possession:

       Robert S. Brady, Esq.
       Robert F. Poppiti, Jr., Esq.
       YOUNG CONAWAY STARGATT & TAYLOR, LLP
       Rodney Square
       1000 North King Street
       Wilmington, Delaware 19801
       Tel: (302) 571-6600
       Fax: (302) 571-1253
       Email: rbrady@ycst.com
              rpoppiti@ycst.com

       -- and --

       Michael L. Tuchin, Esq.
       Lee R. Bogdanoff, Esq.
       David M. Guess, Esq.
       Martin N. Kostov, Esq.
       KLEE, TUCHIN, BOGDANOFF & STERN LLP
       1999 Avenue of the Stars, 39th Floor
       Los Angeles, CA 90067
       Tel: (310) 407-4031
       Fax: (310) 407-9090
       Email: mtuchin@ktbslaw.com
              lbogdanoff@ktbslaw.com
              dguess@ktbslaw.com
              mkostov@ktbslaw.com

             About Vestis Retail Group

Vestis Retail Group and eight of its affiliates filed Chapter 11
bankruptcy petitions (Bankr. D. Del. Lead Case No. 16-10971) on
April 18, 2016.  The Debtors estimated assets in the range of $0 to
$50,000 and debts of $100 million to $500 million.  The petitions
were signed by Thomas A. Kennedy as secretary.

Headquartered in Meriden, Connecticut, Vestis Retail Group, LLC, et
al., operate 144 retail stores, which are located in 15 states.
Bob's Stores operates 36 stores throughout New England, New York,
and New Jersey.  Eastern Mountain Sports operates 61 stores,
located primarily in the Northeastern states.  Sport Chalet
operates 47 stores throughout California, Arizona, and Nevada.
Bob's Stores and EMS primarily operate stores located in the
Northeastern states, while Sport Chalet's stores, which are
currently being liquidated, are located in the Western states.

Prior to the Petition Date, each of the three Debtor retailers
operated an e-commerce site at, respectively, www.bobstores.com,
www.sportchalet.com, and www.ems.com.  In 2015, the Debtors
collectively generated 5% of their total sales, or approximately
$32 million, through e-commerce, according to Court documents.

Judge Laurie Selber Silverstein is assigned to the cases.

The Debtors have hired Young, Conaway, Stargatt & Taylor, LLP as
their counsel, FTI Consulting, Inc. and Lincoln Partners Advisors
LLC as their financial advisor and Kurtzman Carson Consultants, LLC
as their claims and noticing agent.

An official committee of unsecured creditors has been appointed in
the cases.  The Committee has tapped Cooley LLP as its lead counsel
and Polsinelli as conflicts counsel.  Zolfo Cooper, LLC serves as
its bankruptcy consultant and financial advisor.


WHITE MARINE: Plan Confirmation Hearing Set for Oct. 6
------------------------------------------------------
The U.S. Bankruptcy Court for the District of New Jersey
conditionally approves the Disclosure Statement filed by the White
Marine, Inc.

The Court has fixed Sept. 29, 2016 as the last day for filing and
serving written objections to the Disclosure Statement and
confirmation of the Plan, and as the last day for filing written
acceptances or rejections of the Plan.

A hearing shall be held on Oct. 6, 2016 for the final approval of
the Disclosure Statement and for confirmation of the Plan.

          About White Marine

White Marine, Inc., sought protection under Chapter 11 of the
(Bankr. D.N.J. Case No. 15-23627) on July 21, 2015. The petition
was signed by Jennifer Billand, president. The case is assigned to
Hon. Michael B. Kaplan. At the time of filing, the Debtor had
$996,306 in estimated assets and $1.1 million in estimated
liabilities.

The Debtor tapped John F. Bracaglia, Jr., Esq. of Mauro, Savo,
Camerino, Grant & Schalk, P.A. at Somerville, New Jersey as its
counsel.


WINDMILL RESERVE: Asks Court to Approve Use of Cash Collateral
--------------------------------------------------------------
Windmill Reserve Corp. seeks permission from the Bankruptcy Court
to use cash collateral for the principal purpose of facilitating a
sale of its real property, and to pay administration of the estate,
with the net sale proceeds to be split 60 to 40 for the Pension
Benefit Guaranty Corporation and itself.

The Debtor is a Florida corporation that owns and developed the
"Windmill Reserve" community in Weston, Florida.  "Windmill
Reserve" consists of 94 single family home sites, 72 of which have
been sold and improved.  The Debtor holds title to 22 lots in the
community (the "Real Property").  The Debtor also owns two lots
used for mitigation and located in Miramar, Florida.

The Debtor is wholly owned by the Estate of Victor Posner, who
passed away on Feb. 11, 2002.

On Feb. 12, 2002, the Posner Estate was established through the
filing of a probate petition in the Circuit Court in and for
Miami-Dade County, Florida (Case No. 02-595-CP-04).  On the same
day, the Probate Court issued Letters of Administration appointing
Brenda Nestor as the personal representative of the Posner Estate.

On March 30, 2015, the Probate Court issued an Order to Show Cause
directing Brenda to appear and show cause why she should not be
removed as the personal representative of the Posner Estate.  On
April 30, 2015, following notice and a hearing, the Probate Court
entered an order removing Brenda as personal representative of the
Posner Estate.

On June 9, 2015, the Probate Court entered an order appointing
Philip Von Kahle as curator for the Posner Estate.  On July 27,
2016, Philip Von Kahle was appointed as president of the Debtor.

The Debtor commenced this case in order to, inter alia, maximize
the value of the Real Property through one or more sales.

Broward County Tax Collector, Regions Bank, PBGC, Tracy Posner Ward
and Robert Castellano Building and Design, LLC have or may have
claim interests in cash collateral.  The largest claim of the
foregoing entities is held by the PBGC; it has been liquidated at
$32,250,000, with a secured component of not less than $18,000,000;
provided, however, that under the PBGC Settlement Agreement, the
PBGC's maximum recovery from the sale of real property owned by the
Probate Estate and the VP Entities is limited to $18 million.

If approved by the Court, the Debtor will continue to use any cash
on hand and any cash generated from the sale of the Real Property,
subject to the split, until such time as the occurrence of an Event
of Default, including entry of an order (i) dismissing the Case,
(ii) converting the Case to a case under Chapter 7, (iii) directing
the appointment of a trustee or an examiner, or (iv) entry of entry
of an order disallowing, subordinating or recharacterizing in any
way the PBGC Allowed Claim or in any way voiding, avoiding,
limiting or otherwise adversely affecting the PBGC Lien or any
security interest created by this Order or any payment pursuant
thereto or hereto.

As adequate protection of PBGC's interests in the Collateral
(including, but not limited to, the Cash Collateral) against any
diminution in the value of its interests in the Collateral
(including, but not limited to, the Cash Collateral), PBGC will
receive the following:

   (i) Until the consummation of a sale of Collateral, the Debtor
       will maintain all necessary insurance coverage as may
       currently be in effect and obtain such additional insurance
       in an amount as is appropriate with respect to the value of
  
       the Collateral; and

  (ii) The Debtor will promptly provide to PBGC such reports and
       access, as may be reasonably requested by PBGC, to the
       Collateral, and the Debtor's books and records and
       personnel.  The Debtor will also provide to PBGC any and
       all reports which it provides to any lender or other third-
       party (including, without limitation, Regions Bank) in
       accordance with applicable agreements, at such time and in
       such form consistent with the requirements of those
       agreements.

"A critical need exists for the Debtor to be permitted to use the
Cash Collateral to continue to use commercially reasonable efforts
to market and sell the Real Property on commercially reasonable
terms and generally conduct its business affairs, including
principally a sales of the Real Property, so as to avoid immediate
and irreparable harm to its estate and the value of its assets,"
said Paul Steven Singerman, Esq., at Berger Singerman LLP, one of
the Debtor's attorneys.  "Absent the use of the Cash Collateral,
the Debtor's estate would not have the necessary funds to preserve
and maximize the value of its assets through the sale(s) of the
Real Property.  Without the use of Cash Collateral, the Debtor will
have no ability to effectuate the sale(s) of the Real Property
which would substantially impair its ability to realize value for
the benefit of its creditors."

                  The PBGC Settlement Agreement

The Probate Estate consists of Posner's substantial direct and
indirect holdings in multiple entities, including the Debtor.
Brenda took charge of Posner's interests in all of the entities
(collectively, the "VP Entities").  Brenda, as self-appointed
officer and director, continued to exercise sole dominion and
control over the Debtor and its assets.

At the time of Posner's death, certain entities owned by the
Probate Estate maintained and administered nine defined benefit
pension plans.  Five of these pension plans were sponsored by NVF
Company.  On April 15, 2009, NVF filed a Chapter 7 bankruptcy case
in the United States Bankruptcy Court for the District of Delaware,
Case No. 09-11293.  Thereafter, the Probate Estate consolidated all
nine pension plans effective December 31, 2008, and the Probate
Estate was named as sponsor, resulting in the APL/NVF Consolidated
Pension Plan.

On or about April 5, 2013, the Probate Estate provided PBGC a Form
200, Notice of Failure to Make Required Contributions,
acknowledging that the Estate had failed to make the first
quarterly required contribution to the Pension Plan for the 2011
plan year of $559,348.  The Form 200 also indicated that the
Probate Estate had failed to make required contributions for the
2010 plan year, which caused the amount of unpaid required
contributions to exceed $1 million.  PBGC also received a copy of
the Pension Plan's Jan. 1, 2012 actuarial valuation report.

This report stated that, as of Jan. 1, 2012, accumulated unpaid
required contributions for the Pension Plan totaled approximately
$8 million, plus accrued interest.

On or about July 25, 2013, PBGC filed Notices of Federal Lien  with
certain filing offices in the amount of $10,128,398, including
accrued interest.  By doing so, the PBGC perfected the federal
statutory lien that arose as a matter of law in favor of the
Pension Plan for missed minimum contributions to the Pension Plan
against all (i) personal property of the members of the Probate
Estate's controlled group then known to PBGC, i.e., the VP Entities
identified on the April 5, 2013 Form 200, including the Debtor, and
(ii) against all real and personal property of such VP Entities in
the jurisdictions upon which the notices were filed.  PBGC has the
sole authority to enforce the PBGC Lien on behalf of the Pension
Plan.  Because of the Probate Estate's failure to make additional
contributions due by October 15, 2013, January 15, 2014, April 15,
2014 and July 15, 2014, PBGC sent to certain filing offices
additional Lien Notices against the Estate and certain of the VP
Entities, including Windmill Reserve.

On Oct. 27, 2015, Von Kahle, as Curator for the Probate Estate, and
PBGC executed a Settlement Agreement Between Debtor and Pension
Benefit Guaranty Corporation Regarding Termination of APL/NVF
Consolidated Pension Plans and Obligations Owed To PBGC.

On May 23, 2016, the Probate Court entered an order following
notice and an evidentiary hearing (a) overruling Brenda's objection
to the PBGC Settlement Agreement, and (b) approving the PBGC
Settlement Agreement.

The PBGC Settlement Agreement, inter alia, resulted in the
termination of the Pension Plans, compromised and liquidated the
PBGC's secured claim against the Probate Estate, and provided a
carve-out for the benefit of the Probate Estate from the proceeds
of the sale of the Collateral, including the Realty Collateral.

As of the Petition Date, the principal balance due to PBGC under
the PBGC Settlement Agreement is at least $18,000,000, plus
interest, fees, costs and expenses.


WINDMILL RESERVE: Taps Berger Singerman as Counsel
--------------------------------------------------
Windmill Reserve Corp. filed an application with the Bankruptcy
Court seeking approval of its employment of the Law Firm of Berger
Singerman LLP as its counsel, nunc pro tunc to the Petition Date.

The professional services that BSLLP will render include, but are
not limited to, the following:

  (a) To give advice to the Debtor with respect to its powers and
      duties as debtor-in-possession and the continued management
      of its business operations;

  (b) To advise the Debtor with respect to its responsibilities in
      complying with the United States Trustee's Operating
      Guidelines and Reporting Requirements and with the rules
      of the Court;

  (c) To prepare orders, applications, adversary proceedings, and
      other legal documents necessary in the administration of
      this Chapter 11 case;

  (d) To protect the interests of the Debtor in all matters
      pending before the Court;

  (e) To represent the Debtor in negotiations with its creditors
      and in the preparation of a plan;

  (f) To assist the Debtor in maximizing the value of its assets
      through the advance of an orderly, competitive sale of its  

      assets; prosecute litigation claims; and to pay the
      holders of allowed claims in accordance with the priorities

      established by the Bankruptcy Code.

BSLLP will apply for compensation and reimbursement of costs,
pursuant to Sections 330 and 331 of the Bankruptcy Code, at its
ordinary rates, as they may be adjusted from time to time, for
services rendered and costs incurred on behalf of the Debtor.

The current hourly rates for the attorneys at Berger Singerman
range from $250 to $695.  The current hourly rate of Paul Steven
Singerman and Jordi Guso, the shareholders who will be principally
responsible for Berger Singerman's representation of the Debtor,
are $695 and $625, respectively, and the current hourly rates of
the associates and of-counsel attorneys who may work on this matter
range from $310 to $525 per hour.  The current hourly rates for the
legal assistants and paralegals at Berger Singerman range from $85
to $235.  Berger Singerman typically adjusts its hourly rates
annually on January 1st.

On April 29, 2016, the Debtor retained Berger Singerman to act its
counsel with respect to business-related issues and potential
restructuring matters.  On Aug. 3, 2016, Berger Singerman received
the sum of $40,000 from the Debtor, which sum was deposited into
the trust account of Berger Singerman.  On Aug. 4, 2016, Berger
Singerman applied the sum of $40,000 towards payment in full of all
pre-petition fees and expenses.  Berger Singerman is not holding a
retainer for fees and expenses to be incurred in this case.

To the best of the Debtor's knowledge, neither Paul Steven
Singerman nor BSLLP has any connection with the creditors or other
parties-in-interest or their respective attorneys.  Singerman
neither holds nor represents any interest adverse to the Debtor and
is a "disinterested person" within the scope and meaning of Section
101(14) of the Bankruptcy Code.

                      About Windmill Reserve

Windmill Reserve Corp., fka Estates of Swan Lake Corp., is a
Florida corporation that owns and developed the "Windmill Reserve"
community in Weston, Florida.  "Windmill Reserve" consists of 94
single family home sites, 72 of which have been sold and improved.
The Debtor holds title to 22 lots in the community.  The Debtor
also owns two lots used for mitigation and located in Miramar,
Florida.

The Debtor filed a voluntary Chapter 11 bankruptcy petition (Bankr.
S.D. Fla. Case No. 16-20986) on Aug. 8, 2016.  The petition was
signed by Philip J. Von Kahle as president. The Debtor listed total
assets of $15.53 million and total debts of $42.89 million.  Berger
Singerman LLP serves as the Debtor's counsel.  The case is assigned
to Judge Raymond B Ray.


WINDMILL RESERVE: Voluntary Chapter 11 Case Summary
---------------------------------------------------
Debtor: Windmill Reserve Corp.
           fka Estates of Swan Lake Corp.
        c/o Philip J. Von Kahl, President
        Michael Moecker & Associates, Inc.
        1883 Marina Mile Blvd., Suite 106
        Fort Lauderdale, FL 33315

Case No.: 16-20986

Nature of Business: The Debtor is a Florida corporation that owns
                    and developed the "Windmill Reserve" community
                    in Weston, Florida.  "Windmill Reserve"
                    consists of 94 single family home sites, 72 of
                    which have been sold and improved.  The Debtor
                    holds title to 22 lots in the community.  The
                    Debtor also owns two lots used for mitigation
                    and located in Miramar, Florida.

Chapter 11 Petition Date: August 8, 2016

Court: United States Bankruptcy Court
       Southern District of Florida (Fort Lauderdale)

Judge: Hon. Raymond B Ray

Debtor's Counsel: Paul Steven Singerman, Esq.
                  Jordi Guso, Esq.
                  BERGER SINGERMAN LLP
                  1450 Brickell Ave #1900
                  Miami, FL 33131
                  Tel: (305) 755-9500
                  Fax: 305.714.4340
                  E-mail: singerman@bergersingerman.com
                          jguso@bergersingerman.com

Total Assets: $15.5 million

Total Debts: $42.9 million

The petition was signed by Philip J. Von Kahle, president.

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


ZERO BARNEGAT: Voluntary Chapter 11 Case Summary
------------------------------------------------
Debtor: Zero Barnegat, LLC
        Zero Middle Sedge Island
        Toms River, NJ 08753

Case No.: 16-25213

Type of Business: Single Asset Real Estate

Chapter 11 Petition Date: August 8, 2016

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

Judge: Hon. Christine M. Gravelle

Debtor's Counsel: Brian W. Hofmeister, Esq.
                  LAW FIRM OF BRIAN W. HOFMEISTER, LLC
                  691 State Highway 33
                  Trenton, NJ 08619
                  Tel: (609) 890-1500
                  Fax: (609) 890-6961
                  E-mail: bwh@hofmeisterfirm.com

Estimated Assets: $500,000 to $1 million

Estimated Debts: $1 million to $10 million

The petition was signed by Robert Lyon, authorized representative.

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


[*] CFPB Expands Foreclosure Protections
----------------------------------------
The Consumer Financial Protection Bureau on Aug. 4, 2016, finalized
new measures to ensure that homeowners and struggling borrowers are
treated fairly by mortgage servicers.  The updated rule requires
servicers to provide certain borrowers with foreclosure protections
more than once over the life of the loan, clarifies borrower
protections when the servicing of a loan is transferred, and
provides important loan information to borrowers in bankruptcy.
The changes also help ensure that surviving family members and
others who inherit or receive property generally have the same
protections under the CFPB's mortgage servicing rules as the
original borrower.

"The Consumer Bureau is committed to ensuring that homeowners and
struggling borrowers are treated fairly by mortgage servicers and
that no one is wrongly foreclosed upon," said CFPB Director Richard
Cordray. "These updates to the rule will give greater protections
to mortgage borrowers, particularly surviving family members and
other successors in interest, who often are especially
vulnerable."

Mortgage servicers are responsible for collecting payments from the
mortgage borrower and forwarding those payments to the owner of the
loan. They typically handle customer service, collections, loan
modifications, and foreclosures. To address widespread mortgage
servicing problems, the CFPB established common-sense rules for
servicers that went into effect on January 10, 2014.

The CFPB issued proposed amendments to those rules in November
2014, and the final rule issued adopts many of the proposed
provisions. However, the Bureau made a number of changes in the
final rule after considering comments received from the public.

The rule issued establishes new protections for consumers,
including:

     -- Requiring servicers to provide certain borrowers with
foreclosure protections more than once over the life of the loan:
Under the CFPB's existing rules, a mortgage servicer must give
borrowers certain foreclosure protections, including the right to
be evaluated under the CFPB's requirements for options to avoid
foreclosure, only once during the life of the loan.  The final rule
will require that servicers give those protections again for
borrowers who have brought their loans current at any time since
submitting the prior complete loss mitigation application. This
change will be particularly helpful for borrowers who obtain a
permanent loan modification and later suffer an unrelated hardship
– such as the loss of a job or the death of a family member –
that could otherwise cause them to face foreclosure.

     -- Expanding consumer protections to surviving family members
and other homeowners: If a borrower dies, existing CFPB rules
require that servicers have policies and procedures in place to
promptly identify and communicate with family members, heirs, or
other parties, known as "successors in interest," who have a legal
interest in the home.  The final rule establishes a broad
definition of successor in interest that generally includes persons
who receive property upon the death of a relative or joint tenant;
as a result of a divorce or legal separation; through certain
trusts; or from a spouse or parent. The final rule ensures that
those confirmed as successors in interest will generally receive
the same protections under the CFPB's mortgage servicing rules as
the original borrower.

     -- Providing more information to borrowers in bankruptcy:
Under the CFPB's existing mortgage rules, servicers do not have to
provide periodic statements or early intervention loss mitigation
information to borrowers in bankruptcy.  The final rule generally
requires, subject to certain exemptions, that servicers provide
those borrowers periodic statements with specific information
tailored for bankruptcy, as well as a modified written early
intervention notice to let those borrowers know about loss
mitigation options. Servicers also currently do not have to provide
early intervention loss mitigation information to borrowers who
have told the servicer to stop contacting them under the Fair Debt
Collection Practices Act.  The final rule generally requires
servicers to provide modified written early intervention notices to
let those borrowers also know about loss mitigation options.

     -- Requiring servicers to notify borrowers when loss
mitigation applications are complete: Whether a borrower is
entitled to key foreclosure protections depends in part on the date
a borrower completes a loss mitigation application. If consumers do
not know the status of their application, they cannot know the
status of those foreclosure protections.  The final rule requires
servicers to notify borrowers promptly and in writing that the
application is complete, so that borrowers know the status of the
application and have more information about their protections.

     -- Protecting struggling borrowers during servicing transfers:
When mortgages are transferred from one servicer to another,
borrowers who had applied to the prior servicer for loss mitigation
may not know where they stand with the new servicer.  The final
rule clarifies that generally the new servicer must comply with the
loss mitigation requirements within the same timeframes that
applied to the transferor servicer, but provides limited extensions
to these timeframes under certain circumstances. If a borrower
submits an application shortly before transfer, the new servicer
must send an acknowledgment notice within 10 business days of the
transfer date. If the borrower's application was complete prior to
transfer, the new servicer must evaluate it within 30 days of the
transfer date. If the new servicer needs more information to
evaluate the application, the borrower would retain some
foreclosure protections in the meantime. If the borrower submits an
appeal, the new servicer has 30 days to make a determination on the
appeal.

     -- Clarifying servicers' obligations to avoid dual-tracking
and prevent wrongful foreclosures: The CFPB's existing rules
prohibit servicers from taking certain actions in foreclosure once
they receive a complete loss mitigation application from a borrower
more than 37 days prior to a scheduled sale. However, in some
cases, borrowers are not receiving this protection, and servicers'
foreclosure counsel may not be taking adequate steps to delay
foreclosure proceedings or sales. The CFPB's new rule clarifies
that, if a servicer has already made the first foreclosure notice
or filing and receives a timely complete application, servicers and
their foreclosure counsel must not move for a foreclosure judgment
or order of sale, or conduct a foreclosure sale, even if a third
party conducts the sale proceedings, unless the borrower's loss
mitigation application is properly denied, withdrawn, or the
borrower fails to perform on a loss mitigation agreement. The
clarifications will aid servicers in complying with, and assist
courts in applying, the dual-tracking prohibitions in foreclosure
proceedings to prevent wrongful foreclosures.

     -- Clarifying when a borrower becomes delinquent: Several of
the consumer protections under the CFPB's existing rules depend
upon how long a consumer has been delinquent on a mortgage.  The
final rule clarifies that delinquency, for purposes of the
servicing rules, begins on the date a borrower's periodic payment
becomes due and unpaid. When a borrower misses a periodic payment
but later makes it up, if the servicer applies that payment to the
oldest outstanding periodic payment, the date the borrower's
delinquency began advances. The final rule also allows servicers
the discretion, under certain circumstances, to consider a borrower
as having made a timely payment even if the borrower's payment
falls short of a full periodic payment. The increased clarity will
help ensure borrowers are treated uniformly and fairly.

The final rule makes additional changes to the CFPB's mortgage
servicing rules. These changes include providing flexibility for
servicers to comply with certain force-placed insurance and
periodic statement disclosure requirements. The changes also
clarify several requirements regarding early intervention, loss
mitigation, information requests, and prompt crediting of payments,
as well as the small servicer exemption. Further, the changes
exempt servicers from providing periodic statements under certain
circumstances when the servicer has charged off the mortgage.
Finally, concurrently with the final rule, the CFPB is issuing an
interpretive rule under the Fair Debt Collection Practices Act
relating to servicers' compliance with certain mortgage servicing
provisions as amended by the final rule.

Most of the provisions of the final rule will take effect 12 months
after publication in the Federal Register. The provisions relating
to successors in interest and the provisions relating to periodic
statements for borrowers in bankruptcy will take effect 18 months
after publication in the Federal Register.


[*] Fitch Affirms 83% of Public Ratings Reviewed After Update
-------------------------------------------------------------
After three months of rating activity under Fitch's revised
criteria for U.S. state and local governments, the vast majority of
actions have been affirmations, while upgrades outnumbered
downgrades by almost three to one, according to a Fitch Ratings
report.

"Fitch saw the majority of ratings -- 83 percent -- affirmed in the
first phase of criteria implementation, as we anticipated when the
revised criteria were launched," said Laura Porter, Managing
Director and head of Fitch's U.S. state and local government
ratings team.

"Even though the majority of ratings are unchanged, we are very
pleased with how the revised criteria are allowing us to
communicate our opinions more clearly and highlight the fundamental
factors that underpin our rating conclusions while still relying on
analytical judgment rather than a formula approach."

Ten credits were downgraded in total through July 31. Four
downgrades were due to the revised criteria, while the remainder
incorporated significant negative credit trends.
Twenty-eight credits were upgraded through July 31, with 11 due to
the revised criteria's focused consideration of economic factors.
Nine credits were upgraded due to underlying fundamentals and eight
due to a combination of the two.

Separately, three general obligation (GO) credits were upgraded two
notches above the Issuer Default Rating due to the revised
criteria's position on reflecting enhanced recovery due to state
law-granted statutory liens in the GO rating.


[*] Fitch: Competitive US Auto Pressures to Bend but Not Break ABS
------------------------------------------------------------------
As auto sales near their peak, U.S. auto ABS appears poised to
withstand challenges posed by increased competition and anticipated
declines in wholesale vehicle values, according to the latest video
in Fitch Ratings' Virtual Investor Series.

Fitch expects annual US auto sales to peak at roughly 17.5 million
in 2016 before falling back to around 17 million units in 2017 and
beyond. "So far we are seeing encouraging signs of industry
discipline as some manufacturers are pulling back on the production
of poorer selling vehicles and adding capacity to produce hotter
selling models," says Stephen Brown, Senior Director, U.S.
Corporates. "But that dynamic could change quickly if competitive
pressures intensify."

Earlier this year, Fitch upgraded Ford to 'BBB' from 'BBB-' and
revised up GM's rating outlook to 'BBB-'/Positive from
'BBB-'/Stable, reflecting work done since the last downturn to
improve balance sheets and pay down debt. In the longer term,
ratings for both companies will be guided more by each company's
underlying credit fundamentals and risk profile than by conditions
in the global auto market.

In US auto loan ABS, competitive pressures are leading lenders to
offer loans with longer terms where 72 and 84 month loan terms are
becoming the norm. Strong wholesale markets have helped to mitigate
this risk. "Our expectation is that competition among lenders,
particularly in the subprime space will continue to intensify over
the coming year," according to ABS Managing Director John Bella.
"With wholesale markets also expected to weaken this will
inevitably lead to a decline in ABS performance metrics."

With that said, Fitch maintains stable outlooks across the auto ABS
sector as we expect that the transactions that we rate have
sufficient protection to weather the anticipated downturn.


                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

                            *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.  
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman,
Editors.

Copyright 2016.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $975 for 6 months delivered via
e-mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Peter A.
Chapman at 215-945-7000 or Nina Novak at 202-362-8552.

                   *** End of Transmission ***