TCR_Public/160815.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Monday, August 15, 2016, Vol. 20, No. 228

                            Headlines

1ST CHOICE: Wants Authorization to Use Cash Collateral
213 THAMES: Seeks Approval to Use Cash Collateral Until Aug. 31
2654 HIGHWAY 169: Sept. 8 Disclosure Statement Hearing
4522 KATELLA: Proposes to Use Rents for Maintenance and Operation
689 ST. MARKS: Wants to Use SDF8 Cash Collateral

A CHICAGO CONVENTION: Selling Chicago Property for $6.75M
ABENGOA ENERGY: Reaches Deal with Creditors to Avoid Bankruptcy
AEMETIS INC: Incurs $4.98 Million Net Loss in Second Quarter
AERO SKY AIRCRAFT: Unsecured Creditors to Get 7% Under Exit Plan
AEROGROW INTERNATIONAL: Incurs $1.57M Net Loss in First Quarter

AFFORDABLE ROLL-OFF: Wants Authorization to Use Cash Collateral
AK STEEL: Egan-Jones Hikes Commercial Paper Rating to B
ALLIANCE ONE: May Issue 1.75 Million Shares Under Incentive Plan
ALLIANCE ONE: Shareholders Elect Three Directors to Board
AMERICAN SUNBELT: Wants to Use Swift Financial, IRS Cash Collateral

AMPLIFY SNACK: Moody's Assigns 'B2' Corporate Family Rating
AMPLIFY SNACK: S&P Assigns 'B' Corp. Credit Rating, Outlook Stable
ANGEL CONTRERAS CORDERO: Unsecured Creditors to Get 60% Under Plan
ANN CROCKETT: Unsecured Creditors to Get 50% Under Exit Plan
AOG ENTERTAINMENT: Unsecureds to Recoup 3.5% Under Plan

APX GROUP: S&P Assigns 'B' Rating on Proposed $100MM Sr. Notes
ARTISANAL FROMAGERIE: Voluntary Chapter 11 Case Summary
ATLAS RESOURCE: Asks Court to Hold Plan Hearing on August 26
AURORA DIAGNOSTICS: Incurs $4.35 Million Net Loss in Second Quarter
AURORA DIAGNOSTICS: Sets Investor Conference Call for Aug. 18

AUTHENTIDATE HOLDING: Hanif Roshan Assumes CEO Position
AUTO PROS: Hires BDO Puerto Rico as Financial Consultant
AUTO PROS: Hires MRO Attorneys as Bankruptcy Counsel
AUTOS FERRER: Files Plan to Exit Chapter 11 Protection
AVAYA INC: Incurs $115 Million Net Loss in Third Quarter

AVAYA INC: Reports Third Quarter Fiscal 2016 Financial Results
BATI INVESTMENTS: Wants to Use Community Bank Mankato Cash
BAYTEX ENERGY: S&P Lowers CCR to 'BB-', Outlook Negative
BC EQUITY: S&P Assigns 'B' CCR & Rates $20MM Facility 'BB-'
BEAZER HOMES: S&P Raises Rating on Sr. Unsecured Notes to 'B-'

BENNU TITAN: Involuntary Chapter 11 Case Summary
BERNARD L. MADOFF: Picard, Chaitman Seek Sanctions
BILL BARRETT: Franklin Resources, et al., Report 10.5% Stake
BILLINGSLEY PRECISION: Can Use SBA Cash on Interim Basis
BIOLIFE SOLUTIONS: Incurs $1.72 Million Net Loss in Second Quarter

BIRMINGHAM COAL: Hires Heritage to Auction Equipment on Sept. 10
BOISE COUNTY SD: Moody's Affirms Ba2 Rating on GO Bonds
BONANZA CREEK: Corrects Error in ACNTA Computation
BOYD GAMING: Egan-Jones Hikes Sr. Unsecured Debt Ratings to B
BRAD RAULERSON: Court to Take Up Plan Confirmation on Sept. 14

BRAD RAULERSON: Names Jason Burgess as Counsel
BREITBURN ENERGY: Wants March 11 Extension of Plan Filing Period
BRINK'S CO: Egan-Jones Hikes Sr. Unsecured Debt Ratings to BB+
BRINKER INTERNATIONAL: Fitch Lowers IDR to 'BB+', Outlook Stable
BUFFINGTON MASON: Selling Harris County Property to Jabez for $3.5M

BUNGE LIMITED: Fitch Assigns 'BB+' Rating on Preference Shares
C & J ENERGY: Bankruptcy Stays FLSA Suit
C&D PRODUCE: Can Use Cash Collateral on an Interim Basis
CALTEX WATER: Projects $1 Million in Upcoming Equipment Auction
CANCER GENETICS: Reports Second Quarter 2016 Financial Results

CASCELLA & SON: Files Plan to Exit Chapter 11 Protection
CEETOP INC: Needs More Time to File Form 10-Q
CENTURYLINK INC: S&P Retains 'BB' Corporate Credit Rating
CHEE CHEE'S ARTISTRY: Plan Confirmation Hearing Set for Oct. 6
CHESTLIN LLC: Case Summary & 19 Largest Unsecured Creditors

CHIEFTAIN STEEL: Has Until December 28 to File Chapter 11 Plan
CHIQUITA BRANDS: Egan-Jones Withdraws B-/B+ Unsecured Ratings
CHOUDRIES INC: Hires J Geoffrey Sturgill as Accountant
CHOUDRIES INC: Taps Campbell Commercial to Sell Real Estate
CITY OF WAYNE: Moody's Lowers Issuer Rating to 'Ba1'

CLAIRE'S STORES: EVP and Chief Financial Officer Resigns
CLIFFS NATURAL: Moody's Puts 'Ca' CFR on Review for Upgrade
COATES INTERNATIONAL: Incurs $1.25-Mil. Net Loss in Second Quarter
COMBIMATRIX CORP: Bard Associates Reports 6.7% Stake as of Aug. 1
COMMUNITY HEALTH SYSTEMS: Fitch Lowers Issuer Default Rating to 'B'

CONOCOPHILLIPS CO: Egan-Jones Cuts Sr. Unsecured Ratings to BB+
CONTROL SYSTEMS: To Set Aside $300K to Pay Unsecured Claims
CORBERTT RAY LANDRY: Sept. 8 Plan Confirmation Hearing
COWAN ROAD: Court Extends Plan Filing Date to Sept. 22
CRYOPORT INC: Files Tender Offer Statement With SEC

CRYOPORT INC: Launches Warrants Exchange Offer
CRYSTAL LAKE: Can Use Cash Collateral on an Interim Basis
CRYSTAL LAKE: Submission of Revised Proposed Order Required
CS MINING: Wants to Continue Cash Management System Use
CS MINING: Wants to Obtain DIP Financing From Wellington

CTI BIOPHARMA: FMR LLC Reports 1.8% Equity Stake as of Aug. 9
D&E GENERAL: Authorized to Use 1115 Hunters Cash Collateral
DAKOTA MERGER: S&P Assigns 'B+' Rating on $400MM Sr. Sec. Notes
DAYTON SUPERIOR: S&P Lowers CCR to 'B-', Outlook Negative
DELL INC: Can Use Cash Collateral to Pay Prepetition Wages

DONALD ZISCHKE: Selling Henderson Property to Moreno for $363K
DORAL FINANCIAL: Egan-Jones Withdraws D Sr. Unsecured Rating
DOTSON PLUMBING: Plan Outline Ok'd, Confirmation Hearing on Sept. 1
DOW CORNING: 6th Cir. Affirms Summary Judgment in Silicone PI Suit
DRAW ANOTHER CIRCLE: Store Level Employee Bonus Plan Approved

DUPONT YARD: Can Use FSB Cash Collateral on an Interim Basis
EFT HOLDINGS: Delays Filing of June 30 Form 10-Q
EIGHT MILE HOLDINGS: Voluntary Chapter 11 Case Summary
ELBIT IMAGING: Receives Additional NIS 7 Million from ILA
ELEPHANT TALK: Receives Noncompliance Notice from NYSE

ELITE PHARMACEUTICALS: Registers Add'l 35.8 Million Common Shares
EMERGING MARKETS: S&P Withdraws 'B' Corporate Credit Rating
ENERGY FUTURE: Noteholders Ask Supreme Court to Weigh In on Deal
ENERGY FUTURE: TCEH Obtains $4.25 Billion in DIP Roll Facilities
ENERGY FUTURE: Third Amended Plan & Disclosure Statement Filed

EP ENERGY: Moody's Assigns B3 Rating to Senior Secured Term Loan
EP ENERGY: S&P Lowers Rating on 2nd-Lien Debt to 'CCC+'
EPICOR SOFTWARE: Moody's Assigns 'B3' Corporate Family Rating
EPICOR SOFTWARE: S&P Lowers CCR to 'B-', Off Watch Developing
EPIQ SYSTEMS: Egan-Jones Withdraws B+ Sr. Unsecured Rating

ETERNAL ENTERPRISES: Wants to Use Cash, Reduce Pay to Hartford
EZ MAILING: Sale of All Equipment at Auction Approved
FANNIE MAE: Michael Heid Named to Audit & Compensation Committees
FIRST ONE HUNDRED: Court to Take Up Plan Outline on Sept. 8
FISKER AUTOMOTIVE: Summary Judgment for FASI, CEO Affirmed

FRENCHTOWN DRUG STORE: Court Denies Confirmation of Ch. 11 Plan
FUNCTION(X) INC: Registers 74.4 Million Shares for Resale
FUSION TELECOMMUNICATIONS: Incurs $2.96 Million Net Loss in Q2
GAMESBOUTIKE INC: Hires Behar Gutt as Attorney
GATES GROUP: Bank Debt Trades at 2% Off

GCC-CHASE: Bankr. Court Recommends Mediation in Ownership Suit
GELTECH SOLUTIONS: Incurs $887,000 Net Loss in Second Quarter
GENERAL MOTORS: Continues to Seek Shield from Ignition-Switch Suits
GENERAL PRODUCTS: Taps Robert Zimmer as Consultant
GENIUS BRANDS: Unit Signs $5.27M Loan Agreement with Bank Leumi

GLENN PARTUSCH: Plan Outline Ok'd, Confirmation Hearing on Sept. 6
GLOBAL GEOPHYSICAL: Unsecured Creditors to Get 7% Under Plan
GREAT BASIN: Converts $13.8M 2015 Notes Into Common Shares
GREAT BASIN: Has 43.1M Outstanding Common Stock as of Aug. 12
GREAT BASIN: Incurs $20.3 Million Net Loss in Second Quarter

GREAT BASIN: Reports Second Quarter 2016 Results
GUEST STAR GROUP: Smiths Object to Disclosure Statement Approval
GYMBOREE CORP: Bank Debt Trades at 23% Off
HAMPTON TRANSPORTATION: Trustee Selling Vehicles for $2.35M
HANCOCK FABRICS: Seeks Plan Filing Extension Until Dec. 2

HANCOCK FABRICS: Selling IP Assets to ADMACO
HANISH, LLC: Wants to Use Hotel Rents for Second Interim Period
HARRINGTON & KING: Can Use Inland Bank & Trust Cash Collateral
HARRINGTON MACHINE: Court OKs Cash Collateral Use
HAWKS PRAIRIE: Summary Judgment on Counterclaim vs Cabela Affirmed

HAWTHORNE FAMILY: Sept. 20 Disclosure Statement Hearing
HELLAS TELECOM: Wilmington Trust's Suit v. P/E Firms Tossed
HELLER EHRMAN: Pending Legal Matters Issue Sent to Calif. High Ct.
HEXION INC: Posts $150 Million Net Income for Second Quarter
HOVNANIAN ENTERPRISES: Extends Notes Early Tender Deadline

ICE THEATERS: Court to Take Up Plan Approval on Sept. 20
ILYA GOLUB: Unsecured Creditors to Get 6% Under Exit Plan
IMAGE MAKERS: Exit Plan to Pay Unsecured Creditors in Full
IMAGEWARE SYSTEMS: Conference Call Held to Discuss Q2 Results
IMH FINANCIAL: Reports $5.66 Million Net Loss for Second Quarter

IMPLANT SCIENCES: Discussed Zapata Acquisition at Conference Call
INDUSTRY, CA: S&P Cuts Rating on Lease Revenue Bonds to 'BB+'
INDX LIFECARE: Voluntary Chapter 11 Case Summary
INSITE WIRELESS: Fitch Affirms BB- Rating on Cl. B Notes
INTEGRA TELECOM: Plan to Restructure No Impact on Moody's B3 Rating

INTEGRATED STRUCTURES: Unsecured Creditors to Get 40% Under Plan
INTERNATIONAL TEXTILE: Posts $8.4M Net Income for 2nd Quarter
INVERRARY RESORT: SHE DDF1-FL2 Wants Conditions Set for Cash Use
J G SOLIS INC: Can Enter into Premium Finance Agreement with PAC
J. CREW: Bank Debt Trades at 29% Off

JAMES CHARLES VAUGHN: Hearing on Plan Approval Set for Sept. 22
JBM FARMS: Disbursement Order on Tractor Sale Proceeds Affirmed
JIMMY FUENTES FONSECA: Unsecured Creditors to Get 5% Dividend
JPS COMPLETION: Sale of Equipment to Total Tank for $431K Approved
KENNETH MITAN: 3rd Cir. Affirms Dismissal, Grants Leave to Amend

KEY ENERGY: To Pay $5 Million Disgorgement in Settlement with SEC
KYEUNG GUK MIN: Revises Plan to Reclassify Cardinal Bank Claims
LAST CALL GUARANTOR: Seeks Court Approval of Cash Collateral Use
LAST CALL: Aug. 22 Meeting Set to Form Creditors' Panel
LATTICE SEMICONDUCTOR: Incurs $13.8 Million Net Loss in Q2

LBH National: Selling Substantially All Assets to Vista for $250K
LEVEL 3 COMMUNICATIONS: Egan-Jones Hikes Sr. Unsec. Rating to BB
LIBERTY MUTUAL: Fitch Affirms BB Rating on $300MM Jr. Sub. Notes
LINN ENERGY: Has $208 Million Net Income in 2nd Quarter 2016
LOURIE FOLLAND: Unsecured Creditors to Get 7.5% Under Exit Plan

LUIS A. SEGURA: Plan Proposes 100% Payment to Unsecureds
MARY HADLEY: Selling CIB Stock to Tuscola National Bank for $22.3K
MAUI LAND: Posts $13.4 Million Net Income for Second Quarter
MEDAILLE COLLEGE: S&P Lowers Rating on 2013 Revenue Bonds to 'BB'
MEDAK TRUCKING: Hires Scura Wigfield as Attorney

METROPOLITAN BAPTIST: Selling DC Condo Unit to Fitzgerald for $435K
MGM RESORTS: Units Issue $500 Million Senior Notes Due 2026
MICHAEL SYLVESTER: Unsecureds to Recover 100% Under Plan
MIDAS INTERMEDIATE: Moody's Rates New $75MM Notes Add-On 'Caa1'
MILESTONE SCIENTIFIC: Incurs $2.09M Net Loss in Second Quarter

MILLER ENERGY: Egan-Jones Withdraws CC/C Sr. Unsecured Ratings
MOBILESMITH INC: Appoints Randy Tomlin as Director
MOTORS LIQUIDATION: Had $611M Net Assets in Liquidation at June 30
MOULTON PROPERTIES: Summit Bank Wants to Prohibit Cash Use
MOUNTAIN PROVINCE: Incurs C$352,000 Net Loss in Second Quarter

MPM HOLDINGS: Theodore H. Butz Joins Momentive's Board
MRC GLOBAL: Moody's Lowers Corporate Family Rating to B2
MURPHY OIL: Egan-Jones Cuts Sr. Unsecured Ratings to B+ From BB-
MURPHY OIL: Fitch Affirms 'BB+' IDR, Outlook Negative
NAKED BRAND: Amendments to Articles of Incorporation Takes Effect

NATALIE PACILEO: Pa. Revenue Dep't. Opposes Approval of Exit Plan
NATIONAL CINEMEDIA: Names Katie Scherping CFO
NEIMAN MARCUS: Bank Debt Trades at 9% Off
NETSUITE INC: Egan-Jones Hikes Sr. Unsecured Ratings to B+
NEUSTAR INC: Egan-Jones Cuts Sr. Unsecured Debt Ratings to BB

NEW BEGINNINGS: Sept. 22 Hearing on Disclosure Statement Approval
NEW BEGINNINGS: Unsecureds to Recoup 100% Under Plan
NEW CENTURY: Homeowner's Bid to Amend Suit Denied
NEW MILLENNIUM: Malpractice Suit Remanded to Texas State Court
NEW STREAMWOOD: Has Interim Nod to Use Cash Collateral

NIKAI PR CORP: Court OK Oriental's Request for Copy of Plan Outline
NORTHERN OIL: Michael Frantz of TRT Holdings to Join Board
NORTHERN OIL: TRT Holdings Reports 10.7% Stake as of Aug. 9
NOVABAY PHARMACEUTICALS: Incurs $2.69 Million Net Loss in Q2
NOVELIS INC: Moody's Alters Outlook to Stable & Affirms B1 CFR

NRAD MEDICAL: Exclusive Plan Filing Period Extended to Sept. 8
OBERFIELD PRECAST: Wants Authorization to Use Cash Collateral
OCEAN RIG: Reorganization Under US Bankruptcy Laws Among Options
OMNICOMM SYSTEMS: Incurs $1.99 Million Net Loss in Second Quarter
ORBITAL ATK: Moody's Retains 'Ba2' Corp. Family Rating

PACIFIC SUNWEAR: Court Permits Filing of Wage Class, PAGA Claims
PAMELA NOEL: Asks Court to Approve Outline of Exit Plan
PARAGON OFFSHORE: 100% of Lenders, 69% of Bondholders Support Plan
PARAGON OFFSHORE: Posts $25.1M Net Loss for 2nd Quarter 2016
PEABODY ENERGY: 2017-2021 Business Plan Filed

PEABODY ENERGY: Has Bonus Plan for Executive Leadership Team
PEABODY ENERGY: Posts $234M Net Loss for 2nd Quarter 2016
PEAK WEB: Court OKs Cash Collateral Use on a Final Basis
PEP BOYS MANNY MOE: Egan-Jones Withdraws 'B/BB-' Unsec. Ratings
PETROLEX MANAGEMENT: Final Hearing Set on Aug. 25

PHOTOMEDEX INC: Incurs $2.4 Million Net Loss in Second Quarter
PIERCE ELEVATOR: Court to Take Up Plan Approval on Sept. 12
PILGRIM'S PRIDE: S&P Lowers CCR to 'BB'; Outlook Stable
PLANDAI BIOTECHNOLOGY: Incurs $750,000 Net Loss in Dec. 31 Quarter
POSITIVEID CORP: Incurs $1.94 Million Net Loss in Second Quarter

POST EAST: Wants to Use Connect REO Cash on Final Basis
PREMIER WELLNESS: Wants Authorization to Use Cash Collateral
PRIME GLOBAL: Amends 2010 Report on Common Shares Sale Transaction
PRIME GLOBAL: Amends 2011 Report on Common Shares Sale Transaction
PURADYN FILTER: Incurs $307,000 Net Loss in Second Quarter

QUALITY FLOAT: Case Summary & 20 Largest Unsecured Creditors
QWEST CORP: Moody's Assigns Ba1 Rating to New 2056 Unsec. Notes
RANDALL MERLE DICK: Court to Take Up Exit Plan on Oct. 4
RAYMOND THEODORE POWERS: To Set Aside $4K to Pay Unsecured Claims
RESIDENTIAL CAPITAL: Court Dismisses M. Boyd's Appeal

RESPONSE BIOMEDICAL: Files Third Amendment to Schedule 13E-3
RICEBRAN TECHNOLOGIES: Incurs $8.11 Million Net Loss in 2nd Quarter
RICHARD ARNOLD: Court to Take Up Plan on Sept. 13
ROADHOUSE HOLDINGS: Aug. 19 Meeting Set to Form Creditors' Panel
ROBERT ROXBERRY: Exit Plan to Pay Unsecured Creditors in Full

ROGAN RR: Unsecureds to Share in Remaining Auction Proceeds
ROSEMAN UNIVERSITY: S&P Affirms 'BB-' Rating on 2012 & 2015 Bonds
ROTARY DRILLING: Files Chapter 11 Plan of Liquidation
RS LEGACY: Egan-Jones Withdraws D Sr. Unsecured Debt Rating
RUSSELL COX: Unsecureds to be Paid $50,000 in 60 Months

RYCKMAN CREEK: Court to Take Up Exit Plan on Sept. 7
SADEX CORPORATION: Raytheon to Get 29% Under Ch. 11 Plan
SALON MEDIA: Reports First Quarter 2017 Net Loss of $849,000
SAMUEL EVANS WYLY: Proposes to Pay Unsecured Creditors in Full
SANDRIDGE ENERGY: Bankruptcy Filing Delays Quarterly Report

SANJEL (USA): Recognition Order Modified to Allow Limited Discovery
SEADRILL LTD: Bank Debt Trades at 56% Off
SEANERGY MARITIME: CVI Investments Reports 5.7% Stake as of Aug. 5
SEANERGY MARITIME: Sold 1.2 Million Common Shares
SEANERGY MARITIME: Sold 1.2 Million Shares to Investor

SEMLER SCIENTIFIC: To Begin Trading on OTCQB
SEVENTY SEVEN: S&P Raises CCR to 'CCC+', Outlook Developing
SHIROKIA DEVELOPMENT: Secured Party to Hold Auction on August 17
SIMS & SHUMAKER: Case Summary & 20 Largest Unsecured Creditors
SK HOLDCO: S&P Lowers Corp. Credit Rating to 'B-', Outlook Stable

SNUG HARBOR: Exclusive Plan Filing Period Extended to October 8
SOUTH FLORIDA AUTISM: S&P Rates 2016 Revenue Bonds 'BB'
SOUTHCROSS ENERGY: EIG BBTS, et al. Beneficially Own 66.8% of Units
SOUTHCROSS ENERGY: TW Southcross Files Schedule 13D/A with SEC
SPENDSMART NETWORKS: Incurs $135,300 Net Loss in Second Quarter

STEPHEN ELTON LEACH: Unsecured Creditors to Get 50% Under Plan
STEREOTAXIS INC: Incurs $2.33 Million Net Loss in Second Quarter
STEREOTAXIS INC: May Issue 1.5 Million Shares Under Incentive Plan
STEVE MURPHY: Unsecureds to Get 85% Under 3rd Amended Plan
STRATA SKIN: Reports Second Quarter 2016 Financial Results

STRATEGIC HOTELS: Egan-Jones Withdraws 'BB' Unsec. Debt Rating
SUNDEVIL POWER: Seeks Oct. 7 Extension of Date to File Plan
SUNEDISON INC: Has Exclusivity to File Plan Thru Nov. 17
SUNEDISON INC: Shareholders Won't Have Official Committee
SUNOPTA INC: S&P Lowers CCR to 'B-'; Outlook Negative

TALL CITY WELL: Can Enter into Premium Finance Agreement with PAC
TEXARKANA HOTELS: Unsecured Creditors to Get 5% Under Plan
THERMOENERGY CORP: Completes Disposition of Assets
TIBCO SOFTWARE: Bank Debt Trades at 4% Off
TOWNRIDGE INC: Must File Disclosure Statement by Oct. 24

TRACK GROUP: Reports Q3-FY2016 Quarterly Results
TRANS-LUX CORP: Posts $82,000 Net Income for Second Quarter
TRANSGENOMIC INC: Reports Second Quarter 2016 Financial Results
TRONOX INC: Bank Debt Trades at 2% Off
TRUSTEES OF CONNEAUT LAKE: Unsecured Creditors May Get 5% to 10%

TUSCANY ENERGY: Wins Interim Nod to Use Armstrong Cash
TXU CORP: 2014 Bank Debt Trades at 67% Off
TXU CORP: 2017 Bank Debt Trades at 67% Off
ULTRA PETROLEUM: Posts Net Income of $37.9M in 2nd Quarter 2016
UNI-PIXEL INC: Incurs $6.14 Million Net Loss in Second Quarter

UNITECH SOLUTIONS: Unsecured Creditors to Get 15% Under Exit Plan
UNITED METALS: Voluntary Chapter 11 Case Summary
UNIVERSAL NUTRIENTS: Aug. 17 Meeting Set to Form Creditors' Panel
USG CORP: Egan-Jones Hikes Sr. Unsecured Rating to BB
UTSTARCOM HOLDINGS: Reports Unaudited Results for Q2 of 2016

VANGUARD NATURAL: S&P Cuts CCR to SD on Distressed Exchange Offer
VERESEN MIDSTREAM: S&P Assigns 'BB-' Rating on US$300MM Loan B
VERMILLION INC: Incurs $3.74 Million Net Loss in Second Quarter
VERTICAL COMPUTER: Website Revisions Complete
VISUALANT INC: Cancels Stock Purchase Agreement with Investor

VISUALANT INC: Chief Financial Officer Resigns
WAFERGEN BIO-SYSTEMS: Incurs $4.9-Mil. Net Loss in Second Quarter
WARREN RESOURCES: Gardy & Notis Files Securities Class Action
WESTECH CAPITAL: To Set Aside $1.2-Mil. for Unsecured Claims
WESTERN DIGITAL: Fitch Retains 'BB+' Issuer Default Rating

WILKESBORO HOLDINGS: Case Summary & 9 Unsecured Creditors
WILLIAM MERRILL: Files Chapter 11 Plan to Pay Creditors
WILLIAM S. MERRELL: Sept. 7 Disclosure Statement Hearing
WOMEN'S WELLNESS CENTER: Has Until Nov. 14 to File Ch. 11 Plan
XPLORNET COMMUNICATIONS: S&P Assigns 'B-' CCR, Outlook Stable

XPO LOGISTICS: S&P Assigns 'BB-' Rating on $400MM Sr. Sec. Loan B
[^] BOND PRICING: For the Week from Aug. 8 to 12, 2016

                            *********

1ST CHOICE: Wants Authorization to Use Cash Collateral
------------------------------------------------------
1st Choice Compliance, Inc., asks the U.S. Bankruptcy Court for the
Middle District of Georgia for authorization to use cash
collateral, and for the Court to determine that the funds held in
the Debtor's Albany Bank & Trust DIP account are not subject to a
perfected lien held by Ameris Bank.

The Debtor relates that Ameris Bank asserts that it is owed
$265,392 and that the indebtedness is secured by a security
interest in, among others, all accounts receivables, all inventory,
all machinery and equipment, all furniture and fixtures, all
general intangibles and all deposit accounts.

The Debtor contends that while Ameris Bank's November UCC does
assert a security interest in the Debtor's accounts receivable, the
November UCC does not mention in any manner a security interest in
Debtor's cash on hand or operating capital and the Debtor asserts
that the November UCC does not perfect such a lien in the funds now
held in Debtor's DIP depository account at Albany Bank & Trust.  

The Debtor's cash collateral consists of proceeds from the Debtor's
continued operations and the collection of accounts receivable.
The Debtor says that the cash collateral will be supplemented by
ongoing collections of prepetition accounts receivable.

The Debtor wants to use the cash collateral to pay the actual and
necessary expenses of the Debtor's operations, including,
insurance, accounting internet and web presence, as well as other
administrative expenses.  The Debtor tells the Court that without
the use of these funds, it will not be able to continue its
operations or formulate a plan of reorganization.

The Debtor's proposed Budget provides for a total initial expense
payment in the amount of $4,388.14 and a total monthly expense
payment in the amount of $950.11.

The Debtor proposes to make monthly interest payments to Ameris
Bank, in the amount of $246.65, representing accruing interest on
the secured portion of Ameris Bank's claim.  The Debtor also
proposes to grant Ameris Bank a continuing lien on any pre-petition
assets, other than cash in bank accounts, determined by the Court
to be encumbered by a valid pre-petition lien and, if the Court
determines that any funds held in bank accounts constitute cash
collateral, a replacement lien not to exceed the court determined
amount of liened bank account funds, on any post-petition accounts
receivable.

A full-text copy of the Debtor's Motion, dated August 4, 2016, is
available at https://is.gd/fglJHx

                About 1st Choice Compliance

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



213 THAMES: Seeks Approval to Use Cash Collateral Until Aug. 31
---------------------------------------------------------------
213 Thames, Inc., asks the U.S. Bankruptcy Court for the District
of Connecticut for authorization to use cash collateral.

The Debtor contends that the following may assert secured claims:

     Creditor              Amount                Security
     --------              ------                --------
     Dime Savings Bank     $146,000        Property located in
                                           Groton, Connecticut
     
     RCN Capital, LLC     $1,500,000       Property located in
Groton
                                           and Gales Ferry,
                                           Connecticut    

The Debtor tells the Court that all rental funds received by the
Debtor constitute cash collateral, to the extent that Dime Savings
Bank and RCN Capital possess a valid, duly perfected security
interest in the property.

The Debtor seeks authority to use cash collateral on an interim
basis until the hearing on the final order on use of cash
collateral for the purpose of maintaining and operating its
business.  The Debtor anticipated that it will require the use of
approximately $94,142.00 of cash collateral for the period from
August 1, 2016 through August 31, 2016.  

The Debtor's proposed Budget provides for expenses such as yard
maintenance and U.S. Trustee Quarterly Fees, among others.

The Debtor proposes to grant Dime Bank and RCN with replacement
liens in all the Debtor's after-acquired property, of the same
extent and priority that each of the secured creditors enjoyed with
regard to the Debtor's property on the Petition Date.  The Debtor
also proposes to make monthly adequate protection payments to Dime
Bank, in the amount of $500, and to RCN Capital, in the amount of
$300.

A full-text copy of the Debtor's Motion, dated August 4, 2016, is
available at https://is.gd/pwr1u9

A full-text copy of the Debtor's proposed Budget, dated August 4,
2016, is available at https://is.gd/Ua6BPD

213 Thames, Inc., is represented by:

          Joseph J. D'Agostino, Jr.
          1062 Barnes Road, Suite 108
          Wallingford, CT 06492
          Telephone: (203) 265-5222
          E-mail: joseph@lawjjd.com

                         About 213 Thames

213 Thames, Inc. filed a chapter 11 petition (Bankr. D. Conn. Case
No. 15-21002) on June 5, 2015.  The petition was signed by John
Syragakis, president.  The Debtor is represented by Peter L.
Ressler, Esq., at Groob Ressler & Mulqueen.  The Debtor estimated
assets at $100,001 to $500,000 and debts at $50,001 to $100,000 at
the time of the filing.


2654 HIGHWAY 169: Sept. 8 Disclosure Statement Hearing
------------------------------------------------------
The hearing to consider approval of the disclosure statement
explaining 2654 Highway 169, LLC's Chapter 11 Plan will be held on
Sept. 8, 2016, at 10:30 AM.

Objections to the Disclosure Statement must be filed with the Clerk
and served on the proponent of the plan, the United States Trustee,
and the Official Committee of Unsecured Creditors, if any, on or
before Aug. 31, 2016.

The Debtor's Plan proposes to pay creditors of the Debtor from the
liquidation of the Debtor's primary asset.  This Plan provides for
2 classes of secured claims, 2 classes of unsecured claims, the
interest of Debtor in its property, and the equity interest of the
Debtor's members.  General unsecured creditors holding allowed
claims will be paid in full without interest.

Class 4 - General Unsecured Claims, estimated at $5,926.89, will
receive payment in full within 30 days of the Effective Date,
without interest. Class 4 is impaired.

The funds currently held on deposit by the Debtor are in excess of
$500,000.  These funds will be used to pay all administrative
expenses and make the payments required to the Class 4 Claims.

Additionally, in the unlikely event that the Property does not sell
(by private contract or otherwise) for a sufficient amount to pay
the Class 2 Claim in full, a portion of the funds held on deposit
may be utilized to pay such attorney's fees and costs as may
constitute a monetary obligation of the Debtor (the balance of the
Class 2 Claim being a non-recourse obligation).  The sale of the
Property is likely to produce sufficient proceeds to satisfy all of
the Class 2 and Class 3 Claims.

The Disclosure Statement dated July 22, 2016, is available at:

            http://bankrupt.com/misc/ksb16-10644-63.pdf

                     About 2654 Highway 169

2654 Highway 169, LLC, commenced a case under Chapter 11 of the
Bankruptcy Code (Bankr. D. Kan. Case No. 16-10644) on April 13,
2016.  The Company disclosed estimated assets of $10 million to
$50
million and estimated debts of $10 million to $50 million.  The
petition was signed by Andrew Lewis, managing member.  The case is
assigned to Hon. Robert E. Nugent.

The Debtor's counsel is David P. Eron, Esq., at Eron Law, P.A., in
Wichita, Kansas.


4522 KATELLA: Proposes to Use Rents for Maintenance and Operation
-----------------------------------------------------------------
4522 Katella Avenue LLC asks authorization from the U.S. Bankruptcy
Court for the District of Kansas to allow it to use the rents and
other income from its properties.

The Debtor contends that at the time of filing, ColFin MF5 Funding,
LLC had a first mortgage on property located at 1212 & 1226
Longellow, Wichita Kansas, and 928 N. Carter, Wichita Kansas.  The
Debtor further contends that CDFC III MF4 Funding, LLC held a first
mortgage on property located at 1625 S. Beech, Wichita Kansas.  The
mortgages also secured rents which, after the inception of the
bankruptcy became cash collateral.

The Debtor tells the Court that these properties are commercial
apartments, and the Debtor’s ability to use the rents to pay for
the maintenance and operation of the apartments is critical to its
ability to stay in business and reorganize.
   
The Debtor proposes make payments to the Lenders on or before the
15th of each month as follows: (a) $3,255.18 on the Longfellow
loan, (b) $2,463.80 on the Carter loan, and (c) $4,753.91 for
principal and interest and $1,925.00 for escrow purposes for
insurance and taxes on the Beech loan.

As adequate protection for the cash collateral used by the Debtor,
the Lenders will be granted a replacement lien on and security
interest in the DIP accounts and the cash collateral received from
the properties.


Counsel for 4522 Katella Avenue, LLC :

         David G. Arst, Esq.
         Arst & Arst, P.A.
         555 N. Woodlawn, Suite 115
         Wichita, KS 67208
         Tel: (316) 265-4222
         Fax: (316) 265-1241
         E-mail: david@arstarst.kscoxmail.com



                                 About 4522 Katella Avenue

Long Beach, California-based 4522 Katella Avenue, LLC, was formed
by James Rainboldt and his mother, Lois Rainboldt, in 2002.  It
owns three apartment complexes.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code on September 25, 2015 (Bankr. D. Ks. Case No. 15-12107).  

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

4522 Katella is represented by David G. Arst, at Arst & Arst, P.A.



689 ST. MARKS: Wants to Use SDF8 Cash Collateral
------------------------------------------------
689 St. Marks Avenue, Inc., asks the U.S. Bankruptcy Court for the
Eastern District of New York for authorization to use the cash
collateral of SDF8 CBK LLC.

The Debtor owns real property located at 689 Saint Marks Avenue,
Brooklyn, New York.  The Property is three stories, and has six
commercial and two residential units.

The Debtor contends that SDF8 is the holder of a Note and Mortgage
executed by the Debtor in the principal amount of approximately
$1.029 million.  The Debtor further contends that it is unclear how
much is currently owing under the Note.

The Debtor tells the Court that because a Receiver currently
controls the Property, it is unable to provide a detailed budget.

The Debtor is requesting the use of SDF8's cash collateral to:

     (i) make the monthly payments at the non-default interest rate
under the Note; and

    (ii) pay the ordinary and necessary operating expenses with
respect to operation of the Property.

The Debtor relates that based upon the current estimated value of
the Property of at least $2 million, with SDF8 owed a purported
$1.6 million, there would seem to be a sufficient equity cushion to
provide adequate protection to SDF8.

The final hearing on the Debtor's Motion is scheduled on Sept. 20,
2016 at 10:30 a.m.  The deadline for the filing of objections to
the Debtor's Motion is set on Sept. 13, 2016 at 4:00 p.m.

A full-text copy of the Debtor's Motion, dated August 5, 2016, is
available at https://is.gd/dj9LaO

                  About 689 St. Marks Avenue

Headquartered in Brooklyn, New York, 689 St. Marks Avenue, Inc.,
filed for Chapter 11 bankruptcy protection (Bankr. E.D.N.Y. Case
No. 16-41940) on May 4, 2016, estimating its assets and liabilities
at between $1 million and $10 million.  The petition was signed by
Frank Morris, president.

Judge Elizabeth S. Stong presides over the case.

Eric H. Horn, Esq., at Vogel Bach & Horn, P.C., serves as the
Debtor's bankruptcy counsel.



A CHICAGO CONVENTION: Selling Chicago Property for $6.75M
---------------------------------------------------------
On Aug. 30, 2016 at 9:30 a.m., Judge Deborah Thorne of the U.S.
Banktuptcy Court for the Northern District of Illinois will convene
a hearing to consider A Chicago Convention Center, LLC (ACCC)'s
Motion to sell interest in certain real and personal property
located at 8201 West Higgins Road, Chicago, Illinois to Friedman
Properties, LLC, for $6,750,000.

The Property is encumbered by two liens: (a) the first mortgage
indebtedness due to the Cathay Bank in the amount of $9,658,880 (as
of May 18, 2016 $7,498,175 in principal, $2,048,580 in accrued
interest and costs of $112,124); and (b) the mechanics lien claim
of Quality Excavators, Inc., in the amount of $100,000.

Cathay Bank has a security interest in the Property by virtue of a
mortgage, assignment of leases and rents, security agreement and
fixture filing ("Higgins Mortgage"), as amended from time to time,
effective March 20, 2008 and recorded on March 21, 2008 as Document
No. 0808144032 with the Cook County Recorder of Deeds. The Higgins
Mortgage was executed by Rass Hospitality, LLC ("Rass") in favor of
Cathay Bank as security for a promissory note (3 year adjustable)
executed by Rass in favor of Cathay Bank, effective March 20, 2008
in the original principal amount of $6,000,000 ("Higgins Loan").
Effective May 1, 2012, Rass, ACCC, Ravinder Sethi ("Ravinder"),
Anshoo Sethi, and A & A Hospitality, LLC executed a Loan Assumption
and Ratification Agreement ("Assumption Agreement") in favor of
Cathay Bank by which ACCC assumed all of Rass's obligations on the
Higgins Loan, and simultaneously became the fee simple owner of the
Property.

Also, Cathay Bank has a first mortgage indebtedness secured by the
real properties located at 5721-23 West 35th Street, Cicero,
Illinois, 6302-04 West 26th Street, Berwyn, Illinois, 831 East
162nd Street, South Holland, Illinois, 335 East 51st Street,
Chicago, Illinois, and 16703 South Cicero Avenue, Oak Forest,
Illinois ("Commercial Properties") by virtue of a mortgage, as
amended from time to time, effective Oct. 18, 2007 and recorded
with the Cook County Recorder of Deeds on Nov. 8, 2007 as Document
No. 0731242085("Commercial Mortgage"). The Commercial Mortgage was
executed by Ravinder and Ranjna Sethi in favor of Cathay Bank as
security for a promissory note (fixed) executed by Ravinder and
Ranjna in favor of Cathay Bank, effective Feb. 1, 2013 in the
original principal amount of $1,357,550 ("Commercial Loan").

Also, Cathay Bank has a security interest in the primary residence
of Ravinder and Ranjna, who co-own the real property located at
1314 South Plymouth Court, Chicago, IL 60605 ("Residential
Property"), by virtue of a mortgage, as amended from time to time,
effective April 27, 2012 and recorded with the Cook County Recorder
of Deeds on May 15, 2012 as Document No. 1213641009 ("Residential
Mortgage"). The Residential Mortgage was executed by Ravinder and
Ranjna in favor of Cathay Bank as security for a note executed

by Ravinder and Ranjna in favor of Cathay Bank, effective April 27,
2012 in the original principal amount of $892,500 ("Residential
Loan").

The Property serves as cross-collateral for the Commercial Loan and
the Residential Loan. Ravinder is the guarantor of the Commercial
Loan and the Residential Loan.

On May 18, 2015, as a consequence of the Debtor's defaults under
the loan documents evidencing the Higgins Loan and the Commercial
Loan, the Cathay Bank filed a Complaint in the Circuit Court of
Cook County, Illinois, County Department, Chancery Division to
initiate the foreclosure action captioned as, Cathay Bank v. A
Chicago Convention Center, LLC, et al., as Case No. 13-CH-14547
("State Court Action"). Through the State Court Action, Cathay Bank
sought to foreclose on the Property, the Commercial Properties and
the Residential Property, among other things, to obtain a Judgment
of Foreclosure and Sale against the Debtor.

On May 18, 2016, the Circuit Court entered a Judgment of
Foreclosure and Sale in the State Court Action. The Judgment of
Foreclosure and Sale provided, among other things, that Cathay Bank
must first sell the Property in a judicial sale prior to seeking
the judicial sale of the Residential Property and the Commercial
Properties. Prior to the entry of the Judgment of Foreclosure and
Sale, the Circuit Court entered an Order in the State Court Action
finding that the lien of Quality Excavators, Inc. has priority over


the Cathay Bank in the Property. Pursuant to the Judgment of
Foreclosure and Sale and a Notice of Sale, Cathay Bank scheduled a
judicial sale of the Property for June 24, 2016.

On April 18, 2016, the Debtor entered into an Exclusive Real Estate
Auction Listing Agreement with Madison Hawk Partners LLC ("Madison
Hawk") to market the Property for sale and to procure through a
"sealed bid" auction a prospective purchaser of the Property. On
June 9, 2015, Madison Hawk conducted a sealed bid auction of the
Property. The only bidder was Friedman Properties, an experienced
real estate developer and with significant holdings throughout the
Chicago metropolitan area.

The Friedman Purchase and Sale Agreement ("Friedman Contract")
provides that Friedman Properties is offering $6,750,000 to
purchase the Property, free and clear of all financial liens,
claims and encumbrances. The Friedman Contract provides for a
45-day "due diligence" period for the buyer to inspect the Property
and determine if the Property is acceptable to the buyer.

Additionally, the Friedman Contract provides for an initial deposit
of $150,000, which Friedman has already deposited with North
American Title Company; and an additional "earnest money" deposit
of $1,000,000 to be paid on the "Effective Date," which will be
held by the North American Title Company in an escrow account while
the Buyer conducts its due diligence through closing. The Effective
Date is the date the Friedman Contract is signed by the buyer and
ACCC, as seller.

The closing for the sale of the Property will take place on the
tenth business day after the expiration of the 45-day due diligence
period.

A Chicago Convention Center is represented by:

          Ariel Weissberg, Esq.
          Rakesh Khanna, Esq.
          Dev Sinha, Esq.
          WEISSBERG & ASSOCIATES, LTD.
          401 S. LaSalle St., Suite 403
          Chicago, Illinois 60605
          Telephone: (312) 663-0004
          Facsimile: (312) 663-1514
          E-mail: ariel@weissberglaw.com

                 About A Chicago Convention Center

A Chicago Convention Center, LLC is a member-managed limited
liability company organized in Illinois on Jan. 24, 2011. The sole
member of ACCC is Ravinder Sethi.  ACCC sought the Chapter 11
protection (Bankr. N.D. Ill. Case No. 16-20463) on June 23, 2016.


ABENGOA ENERGY: Reaches Deal with Creditors to Avoid Bankruptcy
---------------------------------------------------------------
Jeannette Neuman, writing for The Wall Street Journal, reported
that renewable energy and engineering company Abengoa SA said it
had reached a restructuring deal with its creditors to avoid
becoming Spain's largest-ever bankruptcy.

According to the report, a group of investors including
Centerbridge Partners LP, Elliott Management Corp. and Oaktree
Capital Management LP have agreed to inject EUR1.17 billion ($1.31
billion) into the debt-laden company, Abengoa said in a regulatory
filing.  Abengoa will also receive EUR307 million in financial
guarantees, the report related, citing the filing.

In exchange, investors and creditor banks, such as Spanish lenders
Banco Santander SA and Banco Popular Espanol SA, are set to own
between 90% and 95% of Abengoa, depending on whether Abengoa meets
certain targets, the report further related.

Abengoa didn't clarify whether 75% of creditors had agreed to the
restructuring deal, as required by Spanish bankruptcy law, the
report said.  The Seville, Spain-based company said it plans to
hold a telephone conference with investors and analysts on Aug. 16
at noon EDT to provide further details, the report added.

               About Abengoa Bioenergy US Holding

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


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

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

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

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

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


AEMETIS INC: Incurs $4.98 Million Net Loss in Second Quarter
------------------------------------------------------------
Aemetis, Inc., filed with the Securities and Exchange Commission
its quarterly report on Form 10-Q disclosing a net loss of $4.98
million on $33.05 million of revenues for the three months ended
June 30, 2016, compared to a net loss of $6.28 million on $38.06
million of revenues for the three months ended June 30, 2015.

For the six months ended June 30, 2016, the Company reported a net
loss of $10.09 million on $66.4 million of revenues compared to a
net loss of $14.9 million on $72.8 million of revenues for the same
period last year.

As of June 30, 2016, Aemetis had $80.5 million in total assets,
$125 million in total liabilities and a total stockholders' deficit
of $44.8 million.

"Pricing during the quarter improved compared to the same period
last year, and gross profit for the first half of 2016 improved
significantly over the first half of 2015 based upon favorable
pricing on inputs and finished products as well as a grant from the
California Energy Commission," said Eric McAfee, chairman and CEO
of Aemetis, Inc.  "We expect to implement Edeniq's cellulosic
ethanol technology at our Keyes plant in the first quarter of 2017,
which we believe will substantially improve cash flow by increasing
the number of gallons of ethanol and distillers oil produced at our
plant, as well as generating valuable D3 biofuel RINs when the EPA
approves Edeniq's company registration," added McAfee.

Aemetis is working to close the acquisition of Edeniq in the third
quarter.

Cash at the end of the second quarter of 2016 was $591,000 compared
to $283,000 at the end of the fourth quarter of 2015.

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

                       About Aemetis

Cupertino, Calif.-based Aemetis, Inc., is an international
renewable fuels and specialty chemical company focused on the
production of advanced fuels and chemicals and the acquisition,
development and commercialization of innovative technologies that
replace traditional petroleum-based products and convert first-
generation ethanol and biodiesel plants into advanced
biorefineries.

Aemetis reported a net loss of $27.1 million on $147 million of
revenues for the year ended Dec. 31, 2015, compared to net income
of $7.13 million on $207.7 million of revenues for the year ended
Dec. 31, 2014.


AERO SKY AIRCRAFT: Unsecured Creditors to Get 7% Under Exit Plan
----------------------------------------------------------------
Unsecured creditors of Aero Sky Aircraft Maintenance Inc. will get
about 7% of their claims under the company's proposed plan to exit
Chapter 11 protection.

Under the restructuring plan, general unsecured creditors are
classified in Class 6, and will receive a payment of about 7% of
their claims.  

The claims will be paid in monthly installments over 15 years,
according to the disclosure statement filed with the U.S.
Bankruptcy Court for the Western District of Texas.

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

Aero Sky is represented by:

     Martin Warren Seidler, Esq.
     Law Offices of Martin Seidler
     11107 Wurzbach Road, Suite 504
     San Antonio, TX 78230
     Telephone: (210) 694-0300
     Telefax: (210) 690-9886
     Email: Marty@Seidlerlaw.com

                     About Aero Sky Aircraft

Aero Sky Aircraft Maintenance Inc. sought protection under Chapter
11 of the Bankruptcy Code (Bankr. W. D. Texas Case No. 16-50299) on
February 2, 2016.  The petition was signed by Bernard Fourrier,
president.  

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


AEROGROW INTERNATIONAL: Incurs $1.57M Net Loss in First Quarter
---------------------------------------------------------------
Aerogrow International, Inc. filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
attributable to common stockholders of $1.57 million on $2.15
million of net revenue for the three months ended June 30, 2016,
compared to a net loss attributable to common stockholders of $1
million on $1.56 million of net revenue for the three months ended
June 30, 2015.

As of June 30, 2016, the Company had $5.36 million in total assets,
$3.93 million in total liabilities, and $1.43 million in total
stockholders' equity.

"I'm very pleased with the progress we're making and believe the
first quarter continued the momentum we saw in the business during
the second half of fiscal 2016," said President and CEO J. Michael
Wolfe.  "Net sales for the Company were up 37%, with strong gains
in both our retail and direct response businesses – up 56% and
19% respectively.  Our retail business experienced good growth with
both existing partners such as Amazon and Costco as well as good
traction at new partners such as Sur La Table, ACE Hardware and
several others.  While small, we also made good progress in our
European distribution efforts.  All of this led to cutting our
quarterly EBITDA loss nearly in half from last year - which
represents a very solid start for our fiscal year.

"Our gross margin in the quarter improved by 850 basis points
year-over-year to 39.1%.  The increases we've seen in our gross
margin reflect the emphasis we have placed on achieving cost
reductions in our supply chain and implementing improved pricing
strategies.  The increased margins are critical to our continued
implementation of our brand awareness campaign.

"Beyond the quarter's financial results, we've also made excellent
progress in our product development efforts and we are on schedule
to introduce several new products this fall that are as innovative
as they are beautiful.  I'm also very excited about the series of
operating agreements with the Scotts Miracle-Gro Company that we
recently announced which will give us an opportunity to pursue
multiple, incremental growth paths.

"While the first quarter is proportionally small for us, I think
these results are extremely encouraging.  The improvements in our
net revenue and Adjusted EBITDA - along with significant
improvements to our gross margin and all of the progress we've made
operationally - put us in a position to continue our strong
momentum throughout fiscal 2017."

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

                    https://is.gd/R7EcqC

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

Aerogrow reported a net loss attributable to common shareholders of
$1.22 million on $19.61 million of net revenue for the year ended
March 31, 2016, compared to a net loss attributable to common
shareholders of $1.54 million on $17.9 million of net revenue for
the year ended March 31, 2015.


AFFORDABLE ROLL-OFF: Wants Authorization to Use Cash Collateral
---------------------------------------------------------------
Affordable Roll-Off, Inc., asks the U.S. Bankruptcy Court for the
Western District of Texas for authorization to use cash collateral
on an interim basis.

The Debtor operates a construction debris container service.  It
relates that the cash collateral consists of accounts receivable,
estimated at $15,000, and the cash proceeds of the accounts.

The Debtor tells the Court that it wishes to operate for a limited
time so that it can make an orderly and efficient disposition of
its assets.  The Debtor further tells the Court that it needs to
use cash collateral to pay its employees, the costs of retrieving
its containers, and landfill fees for dumping their contents.  

The Debtor's proposed monthly Budget provides for total expenses in
the amount of $10,731.

The Debtor contends that the only lien that affects the cash
collateral is the State Tax lien that was filed by the Texas
Comptroller of Public Accounts on April 19, 2016 for $16,279.

The Debtor proposes to make monthly adequate protection payments to
the Texas Comptroller in the amount of $5,000.  The Debtor also
proposes to grant the Texas Comptroller a replacement lien in the
amount of the cash collateral's petition-date value.

A full-text copy of the Debtor's Motion, dated August 5, 2016, is
available at https://is.gd/jA9iQj

Affordable Roll-Off, Inc., is represented by:

          E.P. Bud Kirk, Esq.
          600 Sunland Park Dr.
          Building Four, Ste. 400
          El Paso, TX 79912
          Telephone: (915) 584-3773
          E-mail: budkirk@aol.com

                About Affordable Roll-Off

Affordable Roll-Off, Inc. filed a chapter 11 petition (Bankr. W.D.
Tex. Case No. 16-31202-HCM-11) on Aug. 3, 2016.  The Debtor is
represented by E.P. Bud Kirk, Esq.


AK STEEL: Egan-Jones Hikes Commercial Paper Rating to B
-------------------------------------------------------
Egan-Jones Ratings Company raised the ratings on commercial paper
issued by AK Steel Holding Corp to B from C on Aug. 10, 2016.

AK Steel Holding Corporation, through subsidiaries, produces
carbon, stainless and electrical flat-rolled steel for automotive,
infrastructure, manufacturing and other markets; as well as carbon
and stainless tubing for truck, automotive, and other markets.
Facilities include blast furnace, electric furnace and tubing
operations in Ohio, Kentucky, Pennsylvania and Indiana.



ALLIANCE ONE: May Issue 1.75 Million Shares Under Incentive Plan
----------------------------------------------------------------
Alliance One International, Inc., filed a Form S-8 registration
statement with the Securities and Exchange Commission to register
1,756,498 shares of common stock issuable under pursuant to the
Alliance One International, Inc. 2016 Incentive Plan.  The proposed
maximum aggregate offering price is $29.76 million.  A full-text
copy of the regulatory filing is available for free at:

                      https://is.gd/NCnO1b

                      About Alliance One

Alliance One International is principally engaged in purchasing,
processing, storing, and selling leaf tobacco.  The Company
purchases tobacco primarily in the United States, Africa, Europe,
South America and Asia for sale to customers primarily in the
United States, Europe and Asia.

Alliance One reported a net loss of $31.5 million on $261 million
of sales and other operating revenues for the three months ended
June 30, 2016, compared to a net loss of $25.95 million on $266.28
million of sales and other operating revenues for the three months
ended June 30, 2015.

As of June 30, 2016, Alliance One had $1.91 billion in total
assets, $1.67 billion in total liabilities and $242 million in
total equity.

                           *     *     *

As reported by the TCR on June 7, 2016, Moody's Investors Service
affirmed Alliance One International, Inc.'s 'Caa2' Corporate
Family Rating and revised the rating outlook to positive from
negative.  Alliance One's 'Caa2' Corporate Family Rating reflects
Moody's expectation that credit metrics and liquidity will remain
weak over the next 12 to 18 months.

The TCR reported on Aug. 2, 2016, S&P Global Ratings lowered its
corporate credit rating on Morrisville, N.C.-based Alliance One
International Inc. (AOI) to 'CCC' from 'CCC+'.  The rating outlook
is negative.


ALLIANCE ONE: Shareholders Elect Three Directors to Board
---------------------------------------------------------
Alliance One International, Inc., held its 2016 annual meeting of
shareholders on Aug. 11, 2016, at which the shareholders:

  (1) elected each of Jeffrey A. Eckmann, Joyce L. Fitzpatrick,
      and John D. Rice as a Class I Director for a three-year term
      expiring in 2019;

  (2) ratified the appointment of Deloitte & Touche LLP as the
      Company's independent auditors for the fiscal year ending
      March 31, 2017;

  (3) adopted a resolution to approve, on an advisory basis, the
      compensation paid to the Company's named executive officers;

  (4) approved the Alliance One International, Inc. 2016 Incentive
      Plan; and

  (5) did not approve a shareholder proposal requesting that the
      Company participate in mediation of alleged human rights  
      violations.

                        About Alliance One

Alliance One International is principally engaged in purchasing,
processing, storing, and selling leaf tobacco.  The Company
purchases tobacco primarily in the United States, Africa, Europe,
South America and Asia for sale to customers primarily in the
United States, Europe and Asia.

Alliance One reported a net loss of $31.5 million on $261 million
of sales and other operating revenues for the three months ended
June 30, 2016, compared to a net loss of $25.95 million on $266.28
million of sales and other operating revenues for the three months
ended June 30, 2015.

As of June 30, 2016, Alliance One had $1.91 billion in total
assets, $1.67 billion in total liabilities and $242 million in
total equity.

                           *     *     *

As reported by the TCR on June 7, 2016, Moody's Investors Service
affirmed Alliance One International, Inc.'s 'Caa2' Corporate
Family Rating and revised the rating outlook to positive from
negative.  Alliance One's 'Caa2' Corporate Family Rating reflects
Moody's expectation that credit metrics and liquidity will remain
weak over the next 12 to 18 months.

The TCR reported on Aug. 2, 2016, S&P Global Ratings lowered its
corporate credit rating on Morrisville, N.C.-based Alliance One
International Inc. (AOI) to 'CCC' from 'CCC+'.  The rating outlook
is negative.


AMERICAN SUNBELT: Wants to Use Swift Financial, IRS Cash Collateral
-------------------------------------------------------------------
American Sunbelt Enterprises, Inc.,  asks the U.S. Bankruptcy Court
for the Northern District of Texas for authorization to use cash
collateral.  

The Debtor owns a liquor store and storage facility located in
Rice, Texas.  The Debtor also owns six rental properties in Navarro
County.

The Debtor relates that Swift Financial Corporation and the
Internal Revenue Service are its secured creditors, who may hold
liens that attach to personal property, including the Debtor's cash
collateral.

The Debtor requires the use of cash to pay its reasonable and
necessary operating expenses, including, but not limited to,
salaries, gross prepetition wages, withholdings and deductions,
postpetition wages, withholdings and deductions, supplies, fees to
the United States Trustee, routine repair and maintenance expenses,
taxes, insurance, and to minimally preserve and optimally increase
the value of the business for the benefit of all creditors,
including Swift Financial Corporation and the IRS.

The Debtor's proposed 14-day Budget provides for total expenses in
the amount of $47,569.

The Debtor proposes to grant replacement liens for the IRS, to the
same extent, validity and priority of the liens that existed prior
to the bankruptcy filing.

A full-text copy of the Debtor's Motion, dated Aug. 5, 2016, is
available at https://is.gd/TCUY8w

A full-text copy of the Debtor's proposed Budget, dated Aug. 5,
2016, is available at https://is.gd/OV0i0o

American Sunbelt Enterprises, Inc., is represented by:

          Areya Holder Aurzada, Esq.
          Sabrina Johnson Craig, Esq.
          HOLDER LAW
          800 West Airport Freeway, Suite 800
          Irving, TX 75062
          Telephone: (972) 438-880
          E-mail: areya@holderlawpc.com

Swift Financial Corporation is represented by:

          Kent Altsuler, Esq.
          NATHAN SOMMERS JACOBS, P.C.
          2800 Post Oak Boulevard, 61st Floor
          Houston, TX 77056
          E-mail: kaltsuler@nathansommers.com
                           
                About American Sunbelt Enterprises

American Sunbelt Enterprises, Inc. filed a chapter 11 petition
(Bankr. N.D. Tex. Case No. 16-33151-BJH) on Aug. 5, 2016.  The
Debtor is represented by Areya Holder Aurzada, Esq. and Sabrina
Johnson Craig, Esq., at Holder Law.


AMPLIFY SNACK: Moody's Assigns 'B2' Corporate Family Rating
-----------------------------------------------------------
Moody's Investors Service assigned a first time B2 Corporate Family
Rating (CFR) and B2-PD Probability of Default Rating to Amplify
Snack Brands Inc. Moody's also assigned a B2 (LGD 3) rating to the
company's proposed $650 million in credit facilities, and an SGL-2
Speculative Grade Liquidity Rating. The rating outlook is stable.

The proposed facilities consist of a $50 million first lien secured
revolver and $600 million first lien secured term loan. Debt is
being issued to fund the previously announced acquisition of U.K.
based Crisps Topco Limited and subsidiaries (Tyrrells), and to
refinance Amplify's existing indebtedness. Tyrrells' owners will
receive approximately $363 million in cash and 2.1 million shares
of Amplify's common stock, bringing the total purchase price to
about $393 million. Amplify expects the transaction to close by the
third quarter of 2016.

Ratings assigned:

   -- Corporate Family Rating at B2

   -- Probability of Default rating at B2-PD

   -- Speculative Grade Liquidity rating at SGL-2

   -- Senior secured revolver expiring 2021 at B2 (LGD 3)

   -- Senior secured term loan due 2023 at B2 (LGD 3)

The rating outlook is stable.

RATINGS RATIONALE

Amplify's B2 Corporate Family Rating reflects its small scale, high
product concentration, limited operating history, and high
financial leverage. The rating also reflects Amplify's high
operating margins, and the strong market position of the company's
SkinnyPop brand within the narrowly defined but growing
ready-to-eat popcorn category.

The company's SGL-2 Speculative Grade Liquidity Rating reflects
Moody's expectation that Amplify will generate over $35 million of
free cash flow in the year following the Crisps acquisition, and
that the company will have full access to its revolving credit
facility.

The revolver and the term loan are rated B2, the same as the
Corporate Family Rating, because there is only one class of debt in
the capital structure.

The stable outlook reflects Moody's expectation that Amplify's
scale will remain modest, demand for its products will remain
robust, and leverage will decline but still remain high.

Ratings could be downgraded if operational challenges or another
leveraged transaction causes a deterioration in financial metrics,
if liquidity weakens, or debt to EBITDA is sustained above 6
times.

Ratings could be upgraded if the company can profitably grow its
scale, demonstrate a track record of organic growth in key
operating markets, maintain good liquidity, and sustain debt to
EBITDA below 4.5 times.

Amplify Snack Brands, Inc., based in Austin Texas, sells snack
foods to consumers in the North American market and after the close
of the proposed Tyrrells acquisition to the European markets. The
company's products include items it feels are "better-for-you" than
many other snack foods already on the market. Offerings include
ready-to-eat popcorn under its Skinnypop brand, protein bars under
its Oatmega brand, and several varieties of chips under the Paqui,
Tyrrells and Yarra Valley brands. Pro forma sales are approximately
$320 million.

The principal methodology used in these ratings was that for the
Global Packaged Goods industry published in June 2013.


AMPLIFY SNACK: S&P Assigns 'B' Corp. Credit Rating, Outlook Stable
------------------------------------------------------------------
S&P Global Ratings assigned its 'B' corporate credit rating to
Austin, Texas-based Amplify Snack Brands Inc.  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 $50 million revolving
credit facility due 2021 and $600 million first-lien term loan due
2023.  The '3' recovery rating indicates S&P's expectation for
meaningful (50% to 70%; lower end) recovery in the event of a
payment default.

The company expects to use proceeds from the debt offering to fund
the approximate $393 million acquisition of Tyrrells, refinance
$205 million in debt, and pay estimated fees and expenses.

Pro forma for this offering, S&P estimates the company will have
roughly $612 million in adjusted debt outstanding.

All ratings are based on preliminary terms and are subject to
review upon receipt of final documentation.

"The ratings on Amplify reflect its high leverage (about 5.8x
pro-forma for the acquisition of Tyrrells), narrow product focus
(albeit in the faster growing better for you snack category),
smaller scale relative to larger packaged food peers, and good
brand recognition and loyalty associated with SkinnyPop," said S&P
Global Ratings credit analyst Amanda Cusumano.

The acquisition of Tyrrells will add to the company's scale and
geographic reach and further diversify its product mix by adding
potato chip and veggie chip product offerings, which are currently
sold in over 40 countries.  Amplify holds the no. 2 position in the
ready-to-eat popcorn category with its brand SkinnyPop, which
accounts for majority of the company's sales and earnings.  The
company acquired Paqui tortilla chips and Boundless Nutrition
(Oatmega protein bars) in April 2015 and 2016, respectively to
diversify its brand and product concentration with SkinnyPop.

The acquisition of Tyrrells represents Amplify's first sizeable
transaction, as Tyrrells is expected to generate over $100 million
in sales.  S&P believes that risk is higher with Tyrrells because
it is a U.K.-based company with international sales and minimal
U.S. presence, the opposite of Amplify's brands which are sold only
in North America.  Additionally, the company has its own
manufacturing facilities, whereas Amplify currently uses
co-manufacturers to produce its products.  Amplify intends to
leverage Tyrrells' international manufacturing footprint by
expanding its popcorn capabilities and capacity into Tyrrells' five
existing manufacturing facilities.  This will allow Amplify to sell
SkinnyPop into the U.K. and Europe, mainly France and Germany.  The
Tyrrells management team will be kept in place to assist with
running the facilities and sharing knowledge on the countries in
which Tyrrells operates.

The stable outlook reflects S&P's expectation for strong revenue
growth to continue while EBITDA margins remain above 25%.  S&P
expects pro forma leverage (end of June 2016) of about 5.8x, and be
managed above 5x as the company continues to make tuck-in
acquisitions to diversify its portfolio of products.


ANGEL CONTRERAS CORDERO: Unsecured Creditors to Get 60% Under Plan
------------------------------------------------------------------
General unsecured creditors will get 60% of their claims under a
Chapter 11 plan of reorganization of Angel Contreras Cordero, a Car
Factory, Inc. salesman.

Under the plan, creditors holding Class 4 general unsecured claims
will receive cash payment in the amount of $90,000 or 60% of their
claims.

Distributions will be made on a monthly basis starting on the first
day of the 38th month following the effective date of the plan and
will continue thereafter to the 218th month.  Monthly payments are
estimated to be in the amount of $500, according to the disclosure
statement detailing the plan.

A copy of the disclosure statement is available for free at
http://bankrupt.com/misc/AngelCordero_1stDS07282016.pdf

The Debtor is represented by:

     Jesus E. Batista Sanchez, Esq.
     The Batista Law Group, PSC
     420 Ave. Ponce de León; Suite 901
     San Juan, PR 00918
     Tel. 787-620-2856
     Fax. 787-625-0259

                 About Angel Contreras Cordero

Angel Contreras Cordero sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D.P.R. Case No. 16-01008) on February 12,
2016.  

The Debtor works as a car salesman at Car Factory, Inc. and owns a
rental income generating real property in San Juan, Puerto Rico.

The Debtor previously owned an auto dealership.  As a result of the
declining economy of Puerto Rico and an expensive divorce
proceeding, the Debtor's dealership experienced a decline in sales,
which in turn impacted his ability to keep-up with his unsecured
obligations.  Eventually, the Debtor defaulted on his unsecured
obligations, which caused the Debtor to file for bankruptcy
protection.


ANN CROCKETT: Unsecured Creditors to Get 50% Under Exit Plan
------------------------------------------------------------
General unsecured creditors will get half of their claims under a
Chapter 11 plan of reorganization proposed by Ann Crockett, That
Girl Boutique owner.

Under the plan, creditors holding Class 8 general unsecured
priority claims will be paid 50% of their claims.  

The plan also proposes to pay 50% of First Secure Bank and Trust
Co.'s general unsecured claim, which is classified in Class 7.

Payments under the plan will be funded through the Debtor's $2,000
monthly income from her business and from her $1,200 monthly Social
Security income, according to the latest disclosure statement
detailing the plan.

A copy of the disclosure statement is available for free at
http://bankrupt.com/misc/AnnCrockett_4DS07282016.pdf

                      About Ann M. Crockett

Since 2000, Ann M. Crockett has been in the business of acting as a
boutique owner for That Girl Boutique, a retail clothing store.
She also earns income from Social Security.  She filed for Chapter
11 bankruptcy protection (Bankr. N.D. Ill. Case No. 15-13859) in
2015.


AOG ENTERTAINMENT: Unsecureds to Recoup 3.5% Under Plan
-------------------------------------------------------
AOG Entertainment, Inc., et al., filed with the U.S. Bankruptcy
Court for the Southern District of New York a disclosure statement
for the Debtor's first amended joint Chapter 11 plan of
reorganization.

Holders of Class 5 General Unsecured Claims, estimated at $23.92
million, will recover 3.5%.  Each holder of an allowed General
Unsecured Claim will receive, on the applicable Distribution Date
in full and final satisfaction of the Allowed General Unsecured
Claim, its pro rata share of:

     (a) if Class 5 votes to accept the Plan: (i) the General
         Unsecured Claim Litigation Trust Distribution, allocated
         pursuant to the terms of the Litigation Trust Agreement;
         (ii) the General Unsecured Claim Cash Distribution; and
         (iii) the Additional General Unsecured Claim Cash
         Distribution; provided, that no holder of an Allowed
         General Unsecured Claim will receive a share of the
         General Unsecured Claim Cash Distribution in an amount
         greater than 3.5% of the holder's Allowed General
         Unsecured Claim;

     (b) if Class 5 votes to reject the Plan: (i) the General
         Unsecured Claim Litigation Trust Distribution, allocated
         pursuant to the terms of the Litigation Trust Agreement;
         and (ii) the General Unsecured Claim Cash Distribution;
         provided, that no holder of an Allowed General Unsecured
         Claim will receive a share of the General Unsecured Claim

         Cash Distribution in an amount greater than 3.5% of such
         holder's Allowed General Unsecured Claim; provided,
         further that the Additional General Unsecured Claim Cash
         Distribution will be retained by the Reorganized Debtors.


The plan distributions to be made in cash under the terms of the
Plan will be funded from the Debtors' (and one or more of their
non-Debtor subsidiaries') cash on hand as of and after the
Effective Date.

The Disclosure Statement is available at:

           http://bankrupt.com/misc/nysb16-11090-250.pdf

The First Amended Joint Plan was filed by the Debtors' counsel:

     WILLKIE FARR & GALLAGHER LLP
     Paul V. Shalhoub, Esq.
     Andrew S. Mordkoff, Esq.
     787 Seventh Avenue
     New York, NY 10019
     Tel: (212) 728-8000

               About AOG Entertainment, Inc.

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

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

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

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

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

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


APX GROUP: S&P Assigns 'B' Rating on Proposed $100MM Sr. Notes
--------------------------------------------------------------
S&P Global Ratings assigned its 'B' issue-level rating and '4'
recovery rating to Provo, Utah-based APX Group Inc.'s proposed $100
million senior secured notes due 2022.  The '4' recovery rating
indicates S&P's expectation for average (30%-50%; upper half of the
range) recovery for debtholders in the event of a payment default.
The company intends to use the proceeds from this offering to
continue to expand its subscriber base.  APX Group provides alarm
monitoring and home automation services to approximately 1.1
million residential subscribers.  The notes rank equally with
existing senior secured notes.

S&P's 'B' corporate credit rating on APX Group Inc.'s parent, APX
Group Holdings Inc. (also known as Vivint), reflects S&P's
expectation for high leverage of over 8x and modest de-leveraging
prospects through 2017.  Pro forma for the notes offering, Vivint's
debt will amount to $2.5 billion.  S&P's assessment also reflects
its expectation for continuing negative free cash flow in 2016 and
2017 as the company continues to invest heavily to expand its
subscriber base.

The stable outlook reflects S&P's expectation that Vivint will
continue to service its growing debt and maintain adequate
liquidity supported by continuing subscriber growth and improving
attrition rates, despite high leverage, significant expenditures to
grow its subscriber base, and weak to negative free cash flow.
Ultimately, S&P expects that Vivint will transition to a lower
growth mode of operations where the company will generate greater
free cash flow.  S&P could lower the rating if an increase in
attrition, higher subscriber acquisition costs, or continued
significant investment in new subscribers causes liquidity to be
less than adequate.

S&P's business risk profile assessment of weak reflects Vivint's
mid-tier position in the U.S. alarm monitoring industry, well
behind market leader Prime Security Services Borrower LLC (the
recently combined ADT Corp. and Protection 1).  The electronic
alarm monitoring market remains largely unpenetrated in the U.S.,
though competition is intensifying because technological
advancements are lowering barriers to entry, with reduced
differentiation among industry participant solutions.

In the six months ended June 30, 2016, Vivint reported revenues of
$355 million, up of 14.5% compared to the six months ended June 30,
2015, due to a 13.6% increase in subscribers and a 2.4% increase in
average revenue per user to $56.20. EBITDA grew about 10% to $96
million.  EBITDA margin declined slightly as the company invested
in field support to improve customer satisfaction and in general,
sales, and administrative, particularly IT, to support its growing
subscriber base.  Recurring monthly revenue (RMR) grew 16% while
attrition increased sequentially to 12.9% at June 30, 2016 from
12.6% at March 31, 2016 and above S&P's estimate for overall
industry attrition. Nevertheless, considering more recent evidence
of improving client attrition, S&P expects the company's RMR to
continue to grow in the low- to mid-teens in the second half of the
year and its attrition to moderate back to the low 12% area, in
line with industry attrition.

RATINGS LIST

APX Group Holdings Inc.
Corporate Credit Rating             B/Stable/--

New Rating

APX Group Inc.
$100 mil. notes due 2022
Senior Secured                      B
  Recovery Rating                    4H


ARTISANAL FROMAGERIE: Voluntary Chapter 11 Case Summary
-------------------------------------------------------
Debtor: Artisanal Fromagerie & Bistro LLC
        2 Park Avenue
        New York, NY 10016

Case No.: 16-12337

Chapter 11 Petition Date: August 12, 2016

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

Judge: Hon. James L. Garrity Jr.

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: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Sarid Drory, managing member.

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


ATLAS RESOURCE: Asks Court to Hold Plan Hearing on August 26
------------------------------------------------------------
Atlas Resource Partners LP is requesting a hearing on August 26 to
approve the disclosure statement, which explains its Chapter 11
plan of reorganization, and to confirm the plan itself.

The company on July 28 filed a pre-packaged restructuring plan that
will cut debt by about $900 million and reduce interest expense by
$80 million per year.

Atlas proposes to cut its debt by converting $668 million of senior
secured notes into a 90% equity stake in a reorganized business and
by selling natural gas and oil hedge positions.

Under the plan, second lien lenders will get a new $250 million
loan and payment in the form of 10% of equity.  Meanwhile, general
unsecured creditors will be paid in full, according to the
disclosure statement explaining the plan.

A copy of the disclosure statement is available for free at
https://is.gd/ive717

                      About Atlas Resource

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

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

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


AURORA DIAGNOSTICS: Incurs $4.35 Million Net Loss in Second Quarter
-------------------------------------------------------------------
Aurora Diagnostics Holdings, LLC, filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net loss of $4.35 million on $72.8 million of net revenue for the
three months ended June 30, 2016, compared to a net loss of $47.3
million on $64.6 million of net revenue for the three months ended
June 30, 2015.

For the six months ended June 30, 2016, the Company reported a net
loss of $11.9 million on $142 million of net revenue compared to a
net loss of $56.7 million on $124 million of net revenue for the
same period during the prior year.

As of June 30, 2016, Aurora had $261 million in total assets, $463
million in total liabilities and a member's deficit of $203
million.

"Since inception, we have primarily financed operations through
capital contributions from our equityholders, long-term debt
financing and cash flow from operations.

"On December 20, 2010, we issued $200.0 million in unsecured senior
notes that mature on January 15, 2018, which we refer to as our
Senior Notes.  The Senior Notes bear interest at an annual rate of
10.75%, which is payable each January 15th and July 15th. In
accordance with the indenture governing our Senior Notes, we are
subject to certain limitations on issuing additional debt and are
subject to other customary affirmative and negative covenants. The
Senior Notes are currently redeemable at our option at 102.688% of
par, plus accrued interest. The redemption price decreases to 100%
of par on January 15, 2017.  The Senior Notes rank equally in right
of repayment with all of our other senior indebtedness, but are
subordinated to our secured indebtedness to the extent of the value
of the assets securing that indebtedness.  

"As of June 30, 2016, we had cash and cash equivalents of $20.4
million and working capital of $13.1 million, and we had $30.0
million available under our revolving credit facility.  Our primary
uses of cash are to fund our operations, service debt, including
payments due under our contingent notes, make acquisitions and
purchase property and equipment.  Cash used to fund our operations
excludes the impact of non-cash items, such as the allowance for
doubtful accounts, depreciation, impairments of goodwill and other
intangible assets, changes in the fair value of the contingent
consideration and non-cash stock-based compensation, and is
impacted by the timing of our payments of accounts payable and
accrued expenses and collections of accounts receivable.

"We believe our current cash and cash equivalents together with
cash from operations and the amount available under our revolving
credit facility will enable us to meet our working capital, capital
expenditure, debt service and other funding requirements for at
least the next 12 months.  In order to access the amounts available
under our revolving credit facility, we must meet the financial
tests and ratios contained in our senior secured credit facility.
We currently expect to meet these financial tests and ratios for at
least the next 12 months.  Nonetheless, we may not achieve all of
our business goals and objectives and events beyond our control
could affect our ability to meet these financial tests and ratios
and limit our ability to access the amounts otherwise available
under our revolving credit facility," the Company said in the
report.  

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

                      https://is.gd/3dR5Gy

                    About Aurora Diagnostics

Headquartered in Palm Beach Gardens, Florida, Aurora Diagnostics
Holdings, LLC, through its subsidiaries, provides physician-based
general anatomic and clinical pathology, dermatopathology,
molecular diagnostic services and other esoteric testing services
to physicians, hospitals, clinical laboratories and surgery
centers.  The company recognized approximately $260 million in
revenue for the 12 months ended June 30, 2013.  The company is
majority owned by equity sponsors KRG Capital Partners and Summit
Partners.

Aurora Diagnostics reported a net loss of $83.4 million on $264
million of net revenue for the year ended Dec. 31, 2015, compared
to a net loss of $55.5 million on $243 million of net revenue for
the year ended Dec. 31, 2014.

                             *   *   *

As reported by the Troubled Company Reporter on April 14, 2016,
Moody's Investors Service downgraded the Corporate Family Rating of
Aurora Diagnostics Holdings, LLC to Caa3 from Caa2 and the
Probability of Default Rating to Caa3-PD from Caa2-PD.  The
downgrade reflects Moody's heightened expectation that Aurora
will pursue some transaction within the next 12 months which the
rating agency would consider a default.  This could include a
transaction which Moody's considers a distressed debt exchange, or
a bankruptcy filing.

Aurora Diagnostic carries a 'CCC+' corporate credit rating from
Standard & Poor's Ratings Services.


AURORA DIAGNOSTICS: Sets Investor Conference Call for Aug. 18
-------------------------------------------------------------
Aurora Diagnostics Holdings, LLC, announced that it will hold a
conference call to review its results for the quarter ended June
30, 2016, on Thursday, Aug. 18, 2016, at 9:30 a.m. Eastern Time.
The call may be accessed by dialing (877) 561-2748 for U.S. callers
or (720) 545-0044 for international callers.  Please reference
conference ID# 66033474.

The Company will provide a live internet webcast of the conference
call, as well as an archived replay, all of which can be accessed
from the Company's Investor Relations page at
http://www.auroradx.com/ In addition, a telephonic replay of the
conference call will be available through 12:30 p.m. on Thursday,
Aug. 25, 2016, and can be accessed by dialing (855) 859-2056 (toll
free) or (404) 537-3406.  Please reference conference ID#
66033474.

                     About Aurora Diagnostics

Headquartered in Palm Beach Gardens, Florida, Aurora Diagnostics
Holdings, LLC, through its subsidiaries, provides physician-based
general anatomic and clinical pathology, dermatopathology,
molecular diagnostic services and other esoteric testing services
to physicians, hospitals, clinical laboratories and surgery
centers.  The company recognized approximately $260 million in
revenue for the 12 months ended June 30, 2013.  The company is
majority owned by equity sponsors KRG Capital Partners and Summit
Partners.

Aurora Diagnostics reported a net loss of $83.4 million on $264
million of net revenue for the year ended Dec. 31, 2015, compared
to a net loss of $55.5 million on $243 million of net revenue for
the year ended Dec. 31, 2014.  As of Dec. 31, 2015, Aurora
Diagnostics had $263 million in total assets, $453 million in total
liabilities and a $191 million total members' deficit.

                             *    *    *

As reported by the Troubled Company Reporter on April 14, 2016,
Moody's Investors Service downgraded the Corporate Family Rating of
Aurora Diagnostics Holdings, LLC to Caa3 from Caa2 and the
Probability of Default Rating to Caa3-PD from Caa2-PD.  The
downgrade reflects Moody's heightened expectation that Aurora
will pursue some transaction within the next 12 months which the
rating agency would consider a default.  This could include a
transaction which Moody's considers a distressed debt exchange, or
a bankruptcy filing.

Aurora Diagnostic carries a 'CCC+' corporate credit rating from
Standard & Poor's Ratings Services.


AUTHENTIDATE HOLDING: Hanif Roshan Assumes CEO Position
-------------------------------------------------------
The employment of Richard Hersperger, chief executive officer of
Authentidate Holding Corp., terminated on Aug. 7, 2016.  In
connection therewith, the Company and Mr. Hersperger anticipate
entering into a separation agreement.  Mr. Hersperger will remain a
member of the board of directors of the Company, as disclosed in a
regulatory filing with the Securities and Exchange Commission.

Hanif Roshan, the Company's current Chairman, assumed the position
of chief executive officer on Aug. 7, 2016.  Mr. Roshan's
compensation will remain the same at this time.

                       About Authentidate

Authentidate Holding Corp. and its subsidiaries provide secure
web-based revenue cycle management applications and telehealth
products and services that enable healthcare organizations to
increase revenues, improve productivity, reduce costs, coordinate
care for patients and enhance related administrative and clinical
workflows and compliance with regulatory requirements.  The
Company's web-based services are delivered as Software as a Service
(SaaS) to its customers interfacing seamlessly with billing,
information and document management systems.  These solutions
incorporate multiple features and security technologies such as
business-rules based electronic forms, intelligent routing,
transaction management, electronic signatures, identity
credentialing, content authentication, automated audit trails and
remote patient management capabilities.  Both web and fax-based
communications are integrated into automated, secure and trusted
workflow solutions.

Authentidate reported a net loss of $9.7 million on $3.68 million
of total revenues for the year ended June 30, 2015, compared to a
net loss of $7.14 million on $5.55 million of total revenues for
the year ended June 30, 2014.

As of Dec. 31, 2015, Authentidate had $3.41 million in total
assets, $9.55 million in total liabilities and a $6.14 million
total shareholders' deficit.

EisnerAmper LLP, in New York, issued a "going concern"
qualification on the consolidated financial statements for the year
ended June 30, 2015, citing that the Company's recurring losses
from operations and negative cash flows from operations raise
substantial doubt about its ability to continue as a going concern.


AUTO PROS: Hires BDO Puerto Rico as Financial Consultant
--------------------------------------------------------
Auto Pros LLC seeks authorization from the U.S. Bankruptcy Court
for the District of Puerto Rico to employ Aida Escribano-Ramallo,
CPA, CIRA, CFE from the firm BDO Puerto Rico, PSC as debtor's
financial consultant.

The Debtor will rely on Aida Escribano-Ramallo from the firm BDO
Puerto Rico, PSC for professional services in connection with this
bankruptcy petition, including any related matter to debtor's
finances, such as:

   (a) preparation or review of bankruptcy court required monthly
operating reports;

   (b) reconciliation of proof of claims;

   (c) preparation or review of the Debtor's projections;

   (d) turnaround and restructuring;

   (e) analysis of profitability of Debtor's operations;

   (f) assistance in the development or review of plan of
       reorganization or disclosure statements;

   (g) consultation on strategic alternatives and developments of
       business plans; and

   (h) any other consulting and expert witness services relating
       to various bankruptcy matters such as insolvency,
       feasibility forensic accounting, etc., as necessary.

BDO Puerto Rico will be paid at these hourly rates:

       Partner                       $175
       Managers and Supervisors      $150
       Seniors and Semi-Seniors      $100
       Consultants                   $85
       Staff                         $60

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

BDO Puerto Rico has required in this case a retainer in the amount
of $5,500 which was paid after the filing of such case. This
retainer was paid by Snehil Raisinghani.

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

BDO Puerto Rico can be reached at:

       Aida Escribano-Ramallo, CPA
       BDO PUERTO RICO, PSC
       1302 Ponce De Leon Ave., 1st Floor
       San Juan, P.R. 00907
       Tel: (787) 754-3999
       Fax: (787) 754-3105
       E-mail: aescribano@bdo.com.pr

Auto Pros LLC, filed a Chapter 11 bankruptcy petition (Bankr.
D.P.R. Case No. 16-05762) on July 20, 2016.  The Debtor is
represented by Myrna L Ruiz Olmo, Esq.


AUTO PROS: Hires MRO Attorneys as Bankruptcy Counsel
----------------------------------------------------
Auto Pros LLC seeks authorization from the U.S. Bankruptcy Court
for the District of Puerto Rico to employ MRO Attorneys at Law, LLC
as attorneys.

The Debtor requires MRO Attorneys to give the Debtor legal advise
with respect to its powers and duties as a debtor in possession in
the continued operation of the Debtor's business, and to perform
all legal services for the Debtor as may be necessary in the
reorganization of the Debtor's business.

MRO Attorneys will be paid at an hourly rate of $200 for services
rendered by Myrna L. Ruiz-Olmo.

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

A retainer fee of $10,000, plus the $1,717 filing fee were paid
prior to the bankruptcy filing.

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

MRO Attorneys can be reached at:

       Myrna L. Ruiz-Olmo, Esq.
       MRO ATTORNEYS AT LAW
       P.O. Box 367819
       San Juan, P.R. 00936-7819
       Tel: (787) 237-7440
       E-mail: mro@prbankruptcy.com

Auto Pros LLC, filed a Chapter 11 bankruptcy petition (Bankr.
D.P.R. Case No. 16-05762) on July 20, 2016.  The Debtor is
represented by Myrna L Ruiz Olmo, Esq.


AUTOS FERRER: Files Plan to Exit Chapter 11 Protection
------------------------------------------------------
Autos Ferrer Inc. filed with the U.S. Bankruptcy Court for the
District of Puerto Rico its proposed plan to exit Chapter 11
protection.

The restructuring plan proposes to pay unsecured creditors from the
proceeds of the car sales operation.  Under the plan, Class 3
general unsecured creditors will receive payments if, after paying
the debt to Banco Popular de Puerto Rico, there are still proceeds
to be distributed.  

Banco Popular, a secured creditor of Autos Ferrer, is the holder of
several mortgages notes encumbering the company's property located
in Isabela, Puerto Rico.  The bank asserts a $222,500 secured
claim.

A copy of the disclosure statement detailing the plan is available
for free at http://bankrupt.com/misc/AutosFerrer_DS07282016.pdf

Autos Ferrer is represented by:

     Isabel M Fullana, Esq.
     Garcia-Arregui & Fullana PSC
     252 Ponce de Leon Ave. Suite 1101
     San Juan, PR 00918
     Tel: 787-766-2530
     Email: isabelfullana@gmail.com

                        About Autos Ferrer

Autos Ferrer Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D.P.R. Case No. 15-08240) on October 22,
2015.


AVAYA INC: Incurs $115 Million Net Loss in Third Quarter
--------------------------------------------------------
Avaya Inc. filed with the Securities and Exchange Commission its
quarterly report on Form 10-Q disclosing a net loss of $115 million
on $882 million of revenue for the three months ended
June 30, 2016, compared to a net loss of $49 million on $999
million of revenue for the same period last year.

For the nine months ended June 30, 2016, the Company reported a net
loss of $245 million on $2.74 billion of revenue compared to a net
loss of $68 million on $3.07 billion of revenue for the nine months
ended June 30, 2015.

As of June 30, 2016, Avaya had $6.46 billion in total assets, $10.1
billion in total liabilities and a total stockholders' deficiency
of $3.68 billion.

"We expect our existing cash balance, cash generated by operations
and borrowings available under our credit facilities to be our
primary sources of short-term liquidity, and we believe these
sources will be sufficient to meet our liquidity needs for at least
the next twelve months.  Our ability to meet our cash requirements
will depend on our ability to generate cash in the future, which is
subject to general economic, financial, competitive, legislative,
regulatory and other factors that are beyond our control.

"As part of our analysis, we have assessed the implications of
recent financial events on our current business and determined that
these market conditions have not resulted in an inability to meet
our obligations as they come due in the ordinary course of business
over the next twelve months.  This analysis includes, among other
things, scheduled principal and interest payments on our debt and
payments of restructuring charges.  The analysis also assumes that
we will not receive an adverse decision from the United States
Court of Appeals for the Third Circuit regarding the Company's
litigation with Telecom Labs, Inc., TeamTLI.com Corp. and
Continuant Technologies, Inc., nor would we have to post an
additional bond in connection with an application for attorneys'
fees, expenses and costs in relation to that litigation matter."

The Company's quarterly report on Form 10-Q is available from the
SEC website at https://is.gd/lteWMW

                         About Avaya

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

                         *    *     *

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

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


AVAYA INC: Reports Third Quarter Fiscal 2016 Financial Results
--------------------------------------------------------------
Avaya Inc. reported a net loss of $115 million on $882 million of
revenue for the three months ended June 30, 2016, compared to a net
loss of $49 million on $999 million of revenue for the three months
ended June 30, 2015.

For the nine months ended June 30, 2016, the Company reported a net
loss of $245 million on $2.74 billion of revenue compared to a net
loss of $68 million on $3.07 billion of revenue for the nine months
ended June 30, 2015.

As of June 30, 2016, Avaya had $6.46 billion in total assets, $10.1
billion in total liabilities and a total stockholder's deficiency
of $3.68 million.

"Avaya's third fiscal quarter results demonstrate the progress of
the company's transformation and the effects of a challenging
global economy.  Despite slowing economic conditions, revenue
was within our stated range and adjusted EBITDA exceeded our
stated range.  In constant currency, cloud and managed services
revenue grew percent year-over-year and contact center
revenue increased year-over-year.  Non-GAAP gross margin, non
-GAAP operating margin, and adjusted EBITDA as a percentage of
revenue all improved year-over-year, with adjusted EBITDA
percentage at a record level, driven by improved services margins
and lower operating expenses," said Kevin Kennedy, president and
CEO.  "As we move towards the end of the fiscal year, we'll remain
focused on improving our capital structure and progressing
further on our key initiatives."

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

                       https://is.gd/Q3cbsT

                            About Avaya

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

                            *     *     *

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

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


BATI INVESTMENTS: Wants to Use Community Bank Mankato Cash
----------------------------------------------------------
Bati Investments, LLC, asks the U.S. Bankruptcy Court for the
District of Minnesota for authorization to use cash collateral.  

The Debtor contends that Community Bank Mankato has a recorded
mortgage by virtue of which, it was granted a security interest in
rents.  The Debtor further contends that the mortgage balance is
$273,645.  

The Debtor relates that Community Bank Mankato has a security
interest in personal property and that the Debt to the Bank secured
by that personal property is $32,790.34.

The Debtor requires the use of cash collateral in order to pay its
current payments to Community Bank Mankato and to fund its plan.
The Debtor expects to operate, on a cash basis, and believes that
it will be able to obtain a confirmed plan and a reorganization in
accordance with existing rules and statutes.

The Debtor's Cash Flow Projections forecasts monthly expenses in
the amount of $2,834.

The Debtor proposes to grant Community Bank Mankato a replacement
lien or a security interest in any new assets, materials and
accounts receivable, generated from the use of cash collateral,
with the same priority, dignity, and validity of prepetition liens
or security interests.  

A preliminary hearing on the Debtor's Motion was scheduled on Aug.
11, 2016.  A final hearing on the Debtor's Motion is scheduled on
August 24, 2016 at 10:30 a.m.

A full-text copy of the Debtor's Motion, dated August 5, 2016, is
available at

                   About Bati Investments

Bati Investments, LLC filed a chapter 11 petition (Bankr. D. Minn.
Case No. 16-32345) on July 28, 2016.  The Debtor is represented by
Sam Calvert, Esq., at Sam V. Calvert MN 1431X.


BAYTEX ENERGY: S&P Lowers CCR to 'BB-', Outlook Negative
--------------------------------------------------------
S&P Global Ratings lowered its long-term corporate credit and
senior unsecured debt ratings on Calgary, Alberta-based Baytex
Energy Corp. to 'BB-' from 'BB'.  The outlook is negative.  The '3'
recovery rating on the unsecured debt is unchanged, and indicates
S&P's expectation of meaningful (50%-70%; in the higher end of the
range) recovery under its simulated default scenario.

The downgrade reflects S&P Global Ratings' expectation that
Baytex's cash flow metrics and overall financial risk profile
remain vulnerable to continued deterioration.  Despite the
company's ability to curtail costs and spending during the current
downturn, and maintain stable debt levels, S&P's projected annual
and three-year weighted-average funds from operations (FFO)-to-debt
ratios are very weak for the aggressive financial risk profile.

"Although we acknowledge Baytex's operating and financial
flexibility to rapidly reduce capital spending and operating costs,
persistently low crude oil and natural gas prices have weakened the
company's financial risk profile," said S&P Global Ratings credit
analyst Michelle Dathorne.  There is some risk of continued
financial profile deterioration if Baytex's performance deviates
from our base-case scenario; however, S&P believes the company
should be able to generate sufficient FFO to fund its maintenance
capital spending through 2017.

The ratings reflect S&P's view of Baytex's weakened financial risk
profile, and negative-to-negligible free operating cash flow (FOCF)
generation throughout S&P's 2016-2018 base-case forecast period.
S&P believes Baytex's existing competitive position, which benefits
from its operations in both Canada and the U.S., and the company's
stable profitability profile ranking within its exploration and
production (E&P) North American peers offset these weaknesses.

The negative outlook reflects S&P Global Ratings expectations that
Baytex's cash flow metrics and overall financial risk profile
remain vulnerable to continued deterioration.  Despite the
company's ability to curtail costs and spending during the current
downturn, and maintain stable debt levels, S&P's projected annual
and three-year, weighted-average FFO-to-debt ratios are very weak
for the aggressive financial risk profile.  Baytex's cash flow and
leverage ratios have deteriorated dramatically in 2015 and 2016, as
cash flow generation fell in tandem with hydrocarbon prices.  At
S&P's current hydrocarbon price assumptions, it expects the
company's annual and three-year, weighted-average FFO-to-debt
ratios should remain at about 13%.  At these levels, the company's
cash flow and leverage profile appears inconsistent with its
long-standing policy of maintaining a moderately leveraged balance
sheet, so S&P believes the company will actively work to strengthen
its balance sheet during S&P's current rating outlook period.

Further deterioration in Baytex's cash flow metrics would weaken
its overall credit profile, even if its business risk profile
doesn't change.  As a result, S&P could lower the rating if the
company's weighted-average FFO-to-debt fell below 12%, and S&P
expected it to remain below this threshold consistently.

"We would revise the outlook to stable if the company was able to
strengthen its three-year, weighted-average FFO/debt ratio.  The
FFO/debt ratio range for the aggressive financial risk profile is
12%-20%; we would expect this ratio to strengthen and remain at the
upper end of this range to support the 'BB-' credit rating.  At our
current price assumptions, we believe Baytex would be challenged to
generate sufficient cash flow to strengthen its leverage metrics
into this range.  In the absence of stronger hydrocarbon prices, we
believe the company would have to take active steps to reduce debt
and bolster its capital structure," S&P said.


BC EQUITY: S&P Assigns 'B' CCR & Rates $20MM Facility 'BB-'
-----------------------------------------------------------
S&P Global Ratings said it assigned its 'B' corporate credit rating
to San Francisco-based BC Equity Ventures LLC (Bay Club). The
outlook is stable.

At the same time, S&P assigned a 'BB-' issue-level rating and '1'
recovery rating to both the company's proposed $20 million senior
secured revolving credit facility due 2021, which has a first-out
provision, and to the $75 million asset sale bridge loan due 2017,
which has a first payment priority with respect to expected
proceeds from the contracted sale of one of Bay Club's San
Francisco area properties and surrounding real estate.  The '1'
recovery rating indicates S&P's expectation for very high
(90%-100%) recovery in the event of a payment default.

S&P also assigned a 'B' issue-level rating and '3' recovery rating
to the company's proposed $350 million senior secured first-lien
term loan due 2022.  The '3' recovery rating indicates S&P's
expectation for meaningful (50%-70%; upper half of the range)
recovery in the event of a payment default.

The company will use the proceeds from the proposed credit
facilities to refinance existing indebtedness and repay temporary
financing used to fund two acquisitions it made in July 2016.

"The rating on Bay Club primarily reflects its high level of
leverage and limited geographic diversity and scale," said S&P
Global Ratings credit analyst Daniel Pianki.

However, the company benefits from low attrition rates, a unique
product offering, good customer demographics, and moderate
anticipated profit volatility.

The stable outlook reflects S&P's expectation for continued good
operating performance from modest same store membership growth,
stable dues increases, and positive mix shift as existing members
upgrade to higher-tier memberships, which will enable the company
to reduce leverage to the mid-5x area by the end of 2017.


BEAZER HOMES: S&P Raises Rating on Sr. Unsecured Notes to 'B-'
--------------------------------------------------------------
S&P Global Ratings said it raised its issue-level ratings on Beazer
Homes USA Inc.'s senior unsecured notes to 'B-' from 'CCC+.'  S&P
also revised the recovery rating on the unsecured notes to '4' from
'5.'  The '4' recovery rating indicates S&P's expectation of
average (30% to 50%, lower end of range) recovery in the event of
payment default.

The upgrade of the unsecured notes follows an announcement that the
company has prepaid $50 million of its two-year secured term loan,
leaving an outstanding principal balance of $72.5 million.

S&P's corporate credit rating on Beazer reflects S&P's view of the
company's business risk as vulnerable, largely reflecting S&P's
view of the sector's cyclical nature and the company's relatively
small platform compared with most public homebuilding peers.  S&P
assess the company's financial risk as highly leveraged, because
debt to EBITDA was about 8.5x as of June 30, 2016.

                         RECOVERY ANALYSIS

Key Analytical Factors

   -- The issue-level rating on the company's senior secured notes

      is 'B+', (two notches higher than the 'B-' corporate credit
      rating).  The recovery rating is '1', indicating S&P's
      expectation of very high (90% to 100%) recovery in the event

      of payment default.

   -- S&P raised the issue-level ratings on the company's senior
      unsecured notes to 'B-' from 'CCC+' (same as the corporate
      credit rating).  S&P also revised the recovery rating on the

      unsecured notes to '4' from '5.'  The 4' recovery rating
      indicates S&P's expectation of average (30% to 50%, lower
      end of range) recovery in the event of payment default.

   -- The rating changes occurred as a result of the prepayment of

      $50 million of the company's two-year secured term loan,
      leaving an outstanding principal balance of $72.5 million.

   -- S&P estimates a gross recovery value of $825 million, which
      assumes a blended 51% discount to the assumed $1.7 billion
      in book value of inventory.

Simulated Default and Valuation Assumptions

S&P's simulated default scenario contemplates a payment default in
2018.  Under this scenario, a U.S. economic recession adversely
affects the volume of new home sales and drives average selling
prices back to trough levels, at which point liquidity is
constrained and the company cannot meet its fixed-charge
obligations.

Simplified Waterfall

   -- Gross recovery value: $825 million
   -- Property level costs (5%): $41 million
   -- Administrative costs (5%): $41 million
   -- Net recovery value: $742 million
   -- Priority claims (including outstanding letters of credit
      outstanding): $16 million*
      --------------------------------------------------------
   -- Collateral available to secured claims: $727 million
   -- Secured claims: $407 million*
      -- Recovery expectations: 90% to 100%
   -- Collateral available to unsecured creditors: $320 million
   -- Senior unsecured debt claims: $971 million*
      -- Recovery expectations: 30% to 50% (lower half of the
      range)

*Includes six months of accrued but unpaid interest.

RATINGS LIST

Beazer Homes USA Inc.
Corporate Credit Rating                  B-/Stable/--

Upgraded; Recovery Rating Revised
                                          To            From
Beazer Homes USA Inc.
Senior Unsecured                         B-            CCC+
  Recovery Rating                         4L            5H


BENNU TITAN: Involuntary Chapter 11 Case Summary
------------------------------------------------
Alleged Debtor: Bennu Titan LLC
                   fka ATP Titan LLC
                1330 Post Oak Boulevard, Suite 1600
                c/o Bennu Oil & Gas, LLC
                Houston, TX 77056

Case Number: 16-11870

Involuntary Chapter 11 Petition Date: August 11, 2016

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

Petitioners' Counsel: Michael J. Farnan, Esq.
                      Joseph J. Farnan, Esq.
                      FARNAN LLP
                      919 N Market St, 12th Floor
                      Wilmington, DE 19801
                      Tel: 302-777-0300
                      Fax: 302-777-0301
                      E-mail: mfarnan@farnanlaw.com

                               - and -

                      Thomas E. Lauria, Esq.
                      WHITE & CASE LLP
                      200 South Biscayne Boulevard, Suite 4900
                      Miami, Floria
                      Tel: 305-371-2000
                      E-mail: tlauria@whitecase.com

Creditors who signed the involuntary petition:

   Petitioners                  Nature of Claim  Claim Amount
   -----------                  ---------------  ------------
Beal Bank USA                   Loan Facility     at least
6000 Legacy Drive               Obligations       $15,775
Plano, TX 75024

CLMG Corp.                      Loan Facility     at least
7195 Dallas Parkway             Obligations       $15,775
Plano, TX 75024


BERNARD L. MADOFF: Picard, Chaitman Seek Sanctions
--------------------------------------------------
William Gorta, writing for Bankruptcy Law360, reported that, in an
increasingly testy series of letters to New York Bankruptcy Judge
Stuart M. Bernstein, who oversees the Bernard Madoff case, Helen
Davis Chaitman of Chaitman LLP, who represents a seven-person
investment partnership, demanded that trustee Irving Picard be
sanctioned for "improper and abusive" use of subpoenas, a move that
came in response to Mr. Picard's demand that the attorney herself
be sanctioned for time-wasting and misrepresentations.  Ms.
Chaitman wrote to Judge Bernstein Aug. 1 to protest subpoenas of
bank records against her client.

                     About Bernard L. Madoff

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

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

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

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

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


BILL BARRETT: Franklin Resources, et al., Report 10.5% Stake
------------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, Franklin Resources, Inc., Charles B. Johnson, Rupert H.
Johnson, Jr. and Franklin Advisers, Inc., disclosed that as of July
31, 2016, they beneficially owned 6,324,093 shares of common stock
of Bill Barrett Corporation representing 10.5 percent of the shares
outstanding.  A full-text copy of the regulatory filing is
available for free at https://is.gd/dgUQnv

                       About Bill Barrett

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

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

As of June 30, 2016, Bill Barret had $1.34 billion in total assets,
$809 million in total liabilities, and $534 million in total
stockholders' equity.

                         *    *    *

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

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


BILLINGSLEY PRECISION: Can Use SBA Cash on Interim Basis
--------------------------------------------------------
Judge Russel F. Nelms, of the U.S. Bankruptcy Court for the
Northern District of Texas authorized Billingsley Precision
Machining, LLC dba West Precision Machine to use the cash
collateral and proceeds in which the Small Business Administration
asserts a lien, on an interim basis.

Judge Nelms granted the Small Business Administration replacement
liens to the extent of any diminution in the value of its interest
in the cash collateral, in accordance with its existing priority.

Judge Nelms acknowledged that the Debtor's use of cash collateral
is the only means available to the Debtor to finance its operation
at the present and that immediate and irreparable harm will result
if the Debtor is not permitted to use the cash collateral in the
amounts set forth in the Budget.

A further hearing on the Debtor's use of cash collateral is
scheduled on Sept. 7, 2016 at 1:30 p.m.

A full-text copy of the Interim Order, dated August 4, 2016, is
available at https://is.gd/hdORc9

             About Billingsley Precision Machining, LLC
                    dba West Precision Machine

Billingsley Precision Machining dba West Preciscion Machine filed a
chapter 11 petition (Bankr. N.D. Tex. Case No. 16-42788) on July
22, 2016.  The petition was signed by David Billingsley, sole
member.  The Debtor is represented by Eric A. Liepins, Esq., at
Eric A. Liepins, P.C.  The case is assigned to Judge Russel F.
Nelms.  The Debtor disclosed total assets at $1.2 million and total
liabilities at $847,102 at the time of the filing.



BIOLIFE SOLUTIONS: Incurs $1.72 Million Net Loss in Second Quarter
------------------------------------------------------------------
BioLife Solutions, Inc. filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $1.72 million on $1.99 million of product sales for the three
months ended June 30, 2016, compared to a net loss of $1.15 million
on $1.49 million of product sales for the same period during the
prior year.

For the six months ended June 30, 2016, the Company reported a net
loss of $3.21 million on $3.84 million of product sales compared to
a net loss of $2.30 million on $2.99 million of product sales for
the same period last year.

Revenue from biopreservation media product sales reached a record
high of $2.0 million in the second quarter of 2016, an increase of
39% over the same period in 2015.  Total revenue for the quarter
was up 33% over the same period last year.  For the first six
months of 2016, revenue totaled $3.8 million, a 28% increase
compared to $3.0 million in 2015.

As of June 30, 2016, BioLife had $10.6 million in total assets,
$3.00 million in total liabilities and $7.54 million in total
shareholders' equity.

Mike Rice, BioLife president & CEO, commented, "Our biopreservation
media product business continues to demonstrate strong growth.
Several strategic customers are in the final phase of clinical
development, and we expect significantly higher demand for CryoStor
and HypoThermosol from these customers to support large scale
manufacturing of their cell-based products following regulatory
approvals.  With respect to evo and our biologistex joint venture,
we continue to educate prospective customers on the need for and
benefits of improved thermal packaging, sensor based logistics, and
secure, cloud hosted distribution data for time and temperature
sensitive biologic materials.  We remain confident that we will
secure customer orders this year and that biologistex will
contribute meaningful revenue in 2017."

Management reaffirms its previously released expectations of
financial results for 2016:

Revenue: Expected to exceed $8 million, with 20% to 30% growth in
biopreservation media revenue over 2015, and nominal revenue from
biologistex.

Gross Margin: Expected in the range of 55% to 65% for
biopreservation media revenue, excluding the impact of
biologistex.

Cash: In the second quarter we entered into a $4 million credit
facility that should provide sufficient capital to enable the
Company to reach positive cash flow from operations.  The Company
drew $1 million from this facility in the second quarter and ended
the period with $1.3 million in cash.

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

                      https://is.gd/jDPHml

                     About BioLife Solutions

Bothell, Washington-based BioLife Solutions, Inc., develops and
markets patented hypothermic storage and cryo-preservation
solutions for cells, tissues, and organs, and provides contracted
research and development and consulting services related to
optimization of biopreservation processes and protocols.

BioLife reported a net loss of $4.99 million on $6.44 million of
product sales for the year ended Dec. 31, 2015, compared to a net
loss of $3.30 million on $6.19 million of product sales for the
year ended Dec. 31, 2014.


BIRMINGHAM COAL: Hires Heritage to Auction Equipment on Sept. 10
----------------------------------------------------------------
Birmingham Coal & Coke Company, Inc., Cahaba Contracting &
Reclamation, and RAC Mining, LLC, ask the U.S. Bankruptcy Court for
the Northern District of Alabama to authorize the sale of certain
assets at an auction to be conducted by Heritage Realty & Auction
Co., Inc.  

The auction will be held in Trussville, Alabama, on Sept. 10,
2016.

The Debtors are coal mining companies with operations in northwest
Alabama. They have determined that it is in the best interest of
the creditors and the estates to auction Equipment to purchasers
presenting the highest and best offer at an auction.

The Debtors have sought Court approval for the engagement of the
Heritage pursuant to the Application to Employ Auctioneer
("Application to Employ"), which is filed contemporaneously with
and incorporated in the Motion. Time is of the essence so the
Debtors are seeking approval of the Sale Motion in conjunction with
the Application to Employ so Heritage may begin any marketing and
other necessary efforts to prepare the Equipment for sale.

The Debtors have determined that a sale of Equipment will maximize
the value of the Debtors' estates. The Debtors believe that the
proposed auction with Heritage will provide the greatest recovery
to the estates and creditors.

The auction of the Equipment will be conducted at the discretion
and under the sole authority of Heritage in consultation with the
Debtors and the Unsecured Creditors Committee. The auction
protocol, and certain practices and procedures are set forth in
Heritage's Standard Auction Agreement.  The auctioneer can be
reached at:

          David Farmer
          Kimberly Battles
          Heritage Group, Inc.
          6877 Gadsen Highway
          Trussville, AL 35173
          Telephone: (205) 661-0600
          E-mail: dfarmer@heritagesales.com
                  info@heritagesales.com

A copy of the list of the Equipment to be sold by Heritage and the
Auction Agreement attached to the Motion is available for free at:

     http://bankrupt.com/misc/Birmingham_Coal_758_Sales.pdf

Under the terms of the Auction Agreement, Heritage will advertise
the Equipment in accordance with Heritage's normal practices.
Heritage will be paid a 10% commission based upon the gross sales
proceeds of the sold Equipment.

The Debtors and Heritage have agreed that the Debtors will be
responsible for refurbishing the Equipment, prior to the auction,
to a standard acceptable to Heritage. Should Heritage organize and
pay for the refurbishing of any part of the Equipment, Heritage
will be reimbursed for these costs, provided Heritage does not
proceed with refurbishing without the Debtors' authorization.
Furthermore, the Debtors will reimburse Heritage for the cost of
fuel and batteries as Heritage deems necessary for purposes of
demonstration and sale of the Equipment.

At the conclusion of the auction, Heritage will execute settlements
and, in consultation with the Debtors, prepare and/or execute
appropriate bills of sale. Heritage will collect sales proceeds and
remit State and local taxes arising upon the sale of the Equipment
at the auction. Then, after deducting its share of the proceeds,
consistent with the terms set out in the Auction Agreement, the
remaining proceeds ("Auction Proceeds") will be placed with the
Debtors' counsel, Jones Walker, LLP, and held in trust for
disbursement according to subsequent order of the Court.

The Debtors will file a Motion to Authorize a Proposed Distribution
of the Auction Proceeds within 5 business days after the Auction
Proceeds are received by Debtors' counsel.

                   About Birmingham Coal & Coke

Birmingham Coal & Coke Company, Inc., produces and markets coal to
industrial, utility and export markets. It owns and operates three
coal mines with an average annual coal production of approximately
480,000 tons. The company also offers coal brokerage services.
Birmingham Coal was founded in 2000 and is based in Birmingham,
Ala.  As of May 9, 2011, Birmingham Coal operates as a subsidiary
of CanAm Coal Corp.

On May 27, 2015, Birmingham Coal and affiliates Cahaba Contracting
& Reclamation LLC, and RAC Mining LLC each filed a voluntary
petition for Chapter 11 reorganization (Bankr. N.D. Ala. Lead Case
No. 15-02075) in Birmingham, Alabama.  The Debtors tapped Jones
Walker LLP as counsel.

Birmingham Coal and Cahaba Contracting each estimated $10 million
to $50 million in assets and debt.  RAC Mining estimated $1 million
to $10 million in assets and debt.


BOISE COUNTY SD: Moody's Affirms Ba2 Rating on GO Bonds
-------------------------------------------------------
Moody's Investors Service has affirmed the Ba2 rating on Boise
County School District No. 73 (Horseshoe Bend), Idaho's general
obligation debt. The rating action affects $1.3 million of debt.
The outlook on the rating is stable. Moody's maintains a Aaa
enhanced rating on the district's rated debt outstanding.

The Ba2 rating reflects the district's elimination of its negative
cash position in fiscal 2015 and an improved liquidity as the debt
service fund was paid back the monies owed from the general fund.
The rating also incorporates the district's still weak reserve and
liquidity levels in the general fund. The rating also considers the
district's recent history of cash flow borrowing from the debt
service fund, a very small tax base, low wealth levels and low debt
burden.

The Aaa enhanced rating reflects the guaranty of the Idaho School
Bond Credit Enhancement Program, which pledges the state's sales
tax revenues for debt service when due on qualified school
districts' voter-approved general obligation bonds. Additionally,
the state's Public School Permanent Endowment Fund is required to
provide funds to the state through the purchase of state not issued
for payment of districts' debt service to the extent that funds are
not available from other state sources. The Aaa-rated program
rating reflects the pledge of the State of Idaho (Aa1 Issuer rating
with stable outlook), ample sales tax revenue coverage of
guaranteed debt service payments, strong state oversight of local
school districts, and the programs' mechanics.

Rating Outlook

The stable outlook reflects our expectation that financial
performance continued to improve in fiscal 2016 and reserves will
remain at satisfactory levels in fiscal 2017. The outlook also
incorporates our view that financial operations will benefit from
controlled expenditure growth combined with an improving per-pupil
funding environment that should partially offset declining
enrollment.

Factors that Could Lead to an Upgrade

   -- Trend of structural balance resulting in sustained
      improvement in reserves and liquidity

   -- A sustained trend of taxable value growth

   -- Factors that Could Lead to a Downgrade

   -- Further weakening of the district's financial position

   -- Prolonged contraction in the tax base

Legal Security

The bonds are secured by the district's full faith, credit and
unlimited property tax pledge.

Use of Proceeds. Not applicable.

Obligor Profile

Located in Boise County, approximately 25 miles north of the City
of Boise (Aa1 Issuer Rating), the district encompasses a very rural
1,900 square miles and provides K-12 education to approximately 240
students in the City of Horseshoe Bend (not rated) and
unincorporated portions of Boise County (not rated). The district
operatings one elementary school and one middle/high school and
serves approximately 250 students.

Methodology

The principal methodology used in this rating was US Local
Government General Obligation Debt published in January 2014.


BONANZA CREEK: Corrects Error in ACNTA Computation
--------------------------------------------------
In its Aug. 1, 2016 press release, Bonanza Creek Energy, Inc.
provided disclosure related to covenants under the indentures
governing the Company's senior unsecured notes that limit the
Company's ability to incur additional indebtedness.  Specifically,
the incurrence by the Company (or any of the guarantors under the
indentures) of additional indebtedness and letters of credit under
the Company's revolving credit facility in an aggregate principal
amount at any one time outstanding is not to exceed the greater of
(a) $300.0 million or (b) 35% of the Company's Adjusted
Consolidated Net Tangible Assets ("ACNTA") determined as of the
date of the incurrence of such indebtedness.  ACNTA is defined as
the Company's PV-10 value plus capitalized costs for unproved
properties plus consolidated net working capital and other tangible
assets.  The Company reported in its Aug. 1, 2016, press release
that, at June 30, 2016, 35% of the Company's ACNTA was equal to
approximately $380 million.

The Company has since determined that an error was made in the
computation of the ACNTA.  The Company has determined that the
correct value of 35% of the Company's ACNTA at June 30, 2016 is
approximately $323 million.  No additional indebtedness was
incurred based on the erroneous computation of ACNTA.

                    About Bonanza Creek

Bonanza Creek is an independent energy company engaged in the
acquisition, exploration, development and production of onshore oil
and associated liquids-rich natural gas in the United States.
Bonanza Creek Energy, Inc. was incorporated in Delaware on Dec. 2,
2010, and went public in December 2011.

Bonanza Creek reported a net loss of $746 million on $293
million of oil and gas sales for the year ended Dec. 31, 2015,
compared to net income of $20.3 million on $559 million of oil
and gas sales for the year ended Dec. 31, 2014.

As of June 30, 2016, Bonanza Creek had $1.29 billion in total
assets, $1.18 billion in total liabilities, and $118 million in
total stockholders' equity.

                            *    *    *

As reported by the TCR on March 15, 2016, Standard & Poor's Ratings
Services lowered its corporate credit rating on U.S.-based oil and
gas exploration and production company Bonanza Creek Energy Inc. to
'CCC' from 'B-'.  The outlook is negative.

Bonanza Creek carries a 'B2' corporate family rating from Moody's
Investors Service.


BOYD GAMING: Egan-Jones Hikes Sr. Unsecured Debt Ratings to B
-------------------------------------------------------------
Egan-Jones Ratings Company upgraded the senior unsecured ratings on
debt issued by Boyd Gaming Corp to B from B- on Aug. 11, 2016.

Boyd Gaming Corporation owns and operates several gaming properties
throughout the United States.  The Company also operates
entertainment, restaurants, shopping, and recreational facilities
on its properties.


BRAD RAULERSON: Court to Take Up Plan Confirmation on Sept. 14
--------------------------------------------------------------
A U.S. bankruptcy judge will consider approval of the Chapter 11
plan of reorganization of Brad Raulerson, Inc., at a hearing on
September 14.

Judge Paul Glenn of the U.S. Bankruptcy Court for the Middle
District of Florida will hold the hearing at 3:30 p.m., at the U.S.
Bankruptcy Court, Courtroom A, 4th Floor, 300 North Hogan Street,
Jacksonville, Florida.

The bankruptcy judge will also consider at the hearing the final
approval of Brad Raulerson's disclosure statement, which he
conditionally approved on August 4.

Creditors are required to cast their votes 14 days before the
September 14 hearing and to file their objections seven days before
the hearing.

                      About Brad Raulerson

Brad Raulerson, Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. M. D. Fla. Case No. 16−02955).  The case
is assigned to Judge Paul M. Glenn.


BRAD RAULERSON: Names Jason Burgess as Counsel
----------------------------------------------
Brad Raulerson, Inc., fdba Brad Raulerson & Associates, Inc., seeks
authorization from the U.S. Bankruptcy Court for the Middle
District of Florida to employ Jason A. Burgess as counsel, nunc pro
tunc to the August 2, 2016 petition date.

The Debtor requires Mr. Burgess to:

   (a) give advice to the Debtor with respect to its powers and
       duties as debtor-in-possession and the continued management

       of its business;

   (b) advise the Debtor with respect to its responsibilities in
       complying with the US Trustee's Operating Guidelines and   
       Reporting Requirements and with the Local Rules of this
       Court;

   (c) prepare motions, pleadings, orders, applications,   
       disclosure statements, plans of reorganization, commence
       adversary proceedings, and prepare other such legal
       documents necessary in the administration of this case;

   (d) protect the interest of the Debtor in all matters pending
       before the Court; and

   (e) represent the Debtor in negotiations with their creditors
       and in preparation of the disclosure statement and plan of
       reorganization.

Mr. Burgess and his firm will be paid at these hourly rates:

       Jason A. Burgess          $295
       Paralegal                 $75

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

The Debtor paid the firm $5,000 retainer, and the firm tendered
$1,717 from the $5,000 amount paid for the filing fee required to
commence the Chapter 11 proceeding.

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

The firm can be reached at:

       Jason A. Burgess, Esq.
       THE LAW OFFICES OF JASON A. BURGESS, LLC
       1855 Mayport Road
       Atlantic Beach, FL 32233
       Tel: (904) 372-4791
       Fax: (904) 853-6932
       E-mail: jason@jasonaburgess.com

Brad Raulerson, Inc., filed a Chapter 11 bankruptcy petition
(Bankr. M.D. Fla. Case No. 16-02955) on August 2, 2016.  The Debtor
is represented by Jason A Burgess, Esq.


BREITBURN ENERGY: Wants March 11 Extension of Plan Filing Period
----------------------------------------------------------------
Breitburn Energy Partners, LP, and its affiliated debtors ask the
U.S. Bankruptcy Court for the Southern District of New York to
extend the exclusive periods within which they may file a chapter
11 plan and solicit acceptances thereof to March 11, 2017, and May
10, 2017, respectively.

The Debtors' initial Exclusive Filing Period and Exclusive
Solicitation Period are currently set to expire on September 12,
2016 and November 11, 2016, respectively.

The Debtor contends that ample cause exists to grant the extensions
of the Exclusive Periods, namely:

     (1)  the Debtors' cases are large and complex, involving
billions of dollars of debt, a number of different creditor
constituencies and a complex business enterprise;

     (2) substantial good faith progress has been made in the
administration of the chapter 11 cases and in establishing
constructive working relationships with the Creditors' Committee
and the Debtors' other key economic stakeholders;

     (3) although preliminary discussions have commenced with
respect to potential frameworks of a chapter 11 plan there has not
been sufficient time to permit the Debtors to further advance those
discussions with the various constituencies toward the hopeful
achievement of a consensual plan; and

     (4) an extension of the Exclusive Periods will allow the plan
negotiation process to proceed in a rational manner, will not
prejudice any parties in interest, and will promote the ability of
the Debtors to maximize value and successfully emerge from chapter
11.

The Debtors' Motion is scheduled for hearing on August 23, 2016 at
10:00 a.m.  The deadline for the filing of objections to the
Debtors' Motion in set on August 16, 2016 at 4:00 p.m.

               About Breitburn Energy Partners LP      

Breitburn Energy Partners LP and 21 of its affiliates filed
voluntary petitions for relief under Chapter 11 of the Bankruptcy
Code (Bankr. S.D.N.Y. Lead Case No. 16-11390) on May 15, 2016,
listing assets of $4.71 billion and liabilities of $3.41 billion.

Breitburn Energy et al., are an independent oil and gas partnership
engaged in the acquisition, exploitation and development of oil and
natural gas properties, Midstream Assets, and a combination of
ethane, propane, butane and natural gasolines that when removed
from natural gas become liquid under various levels of higher
pressure and lower temperature, in the United States.  The Debtors
conduct their operations through Breitburn Parent's wholly-owned
subsidiary, Breitburn Operating LP, and BOLP's general partner,
Breitburn Operating GP LLC.

The Debtors have engaged Ray C. Schrock, Esq., and Stephen
Karotkin, Esq., at Weil Gotshal & Manges LLP as counsel, Alvarez &
Marsal North America, LLC as financial advisor, Lazard Freres & Co.
LLC as investment banker, and Prime Clerk LLC as claims and
noticing agent.  Curtis, Mallet-Prevost, Colt & Mosle LLP serves as
their conflicts counsel.

The cases are pending before the Honorable Stuart M. Bernstein.

The U.S. trustee for Region 2 appointed three creditors of
Breitburn Energy Partners LP and its affiliates to serve on the
official committee of unsecured creditors. The committee retained
Milbank, Tweed, Hadley & McCloy LLP as its legal counsel.


BRINK'S CO: Egan-Jones Hikes Sr. Unsecured Debt Ratings to BB+
--------------------------------------------------------------
Egan-Jones Ratings Company raised the senior unsecured ratings on
debt issued by The Brink's Co to BB+ from BB on Aug. 10, 2016.

The Brink's Company is an American security and protection company
headquartered outside of Richmond, Virginia, United States.


BRINKER INTERNATIONAL: Fitch Lowers IDR to 'BB+', Outlook Stable
----------------------------------------------------------------
Fitch Ratings has downgraded Brinker International, Inc.'s
(Brinker; NYSE: EAT) Long-Term Issuer Default Rating to 'BB+' from
'BBB-'.  The Rating Outlook is Stable.

The downgrade reflects a shift towards a more aggressive financial
policy that Fitch projects will result in leverage (total adjusted
debt/EBITDAR) moving up by 0.5x to around 4x in fiscal 2017, versus
the previous expectation for leverage to be in the mid-3x in fiscal
2017 and versus 3.4x in fiscal 2016.  Brinker announced that it
plans to increase leverage in the range of $250 to $300 million in
the near term subject to market conditions and use the proceeds to
return capital to shareholders in the form of share repurchases.
Fitch expects leverage to remain at the heightened level, marking a
departure from the company's prior commitment to an investment
grade rating.

Brinker's ratings continue to reflect Chili's Bar & Grill's
(Chili's) top 3 market position in U.S. casual dining and healthy
operating cash flow.  Brinker has had a strong track record of
positive comp growth, improved profitability, and strong free cash
flow (FCF) through fiscal 2015.  However, should Fitch project
total adjusted debt/EBITDAR being sustained above 4x due to
continued negative comps and margin pressures as seen over fiscal
2016, a negative rating action could occur.

At fiscal year ended June 29, 2016, Brinker had $1.1 billion of
total debt.

                        KEY RATING DRIVERS

Chili's represented 97% of Brinker's 1,660 restaurants at June 29,
2016; therefore, the strength of the brand is an important
indicator of Brinker's credit profile.  Brinker strives to keep the
brand competitive and relevant in order to maintain share. However,
system-wide comps have been negative for four straight quarters,
declining 2.2% in the latest quarter and 1.9% for the fiscal year
ended June 29, 2016.  Fitch views an outsized exposure to
oil-producing states, which are experiencing economic weakness, and
the transition from direct marketing to the My Chili's Rewards
loyalty program as key contributors.

Fitch believes Brinker has done a good job isolating challenges at
Chili's.  In order to reignite comp growth, Brinker is revamping
its loyalty program, increasing marketing spend, enhancing value
offerings, and adding more culinary innovation.  While gradual
improvement is anticipated, comps could remain negative in fiscal
2017 given continued economic weakness in oil-producing states, the
highly competitive restaurant environment, and recent declines in
restaurant traffic.

Fitch projects total adjusted debt/EBITDAR to increase from the
3.4x for fiscal 2016 to around 4x times in fiscal 2017, given the
anticipated debt financed share buybacks.

                          KEY ASSUMPTIONS

   -- Comps decline 1% in fiscal 2017, before returning to
      positive low single digits;

   -- Operating margin declines to below 10% in fiscal 2017 and
      2018, from 10.7% in fiscal 2016;

   -- FCF approximates $150 million in fiscal 2017, versus
      $208 million in fiscal 2016, reflecting EBITDA declining
      from $506 million to around $460 million to $470 million;

   -- Total adjusted debt-to-operating EBITDAR rising to around 4x

      in fiscal 2017, pro forma for incremental debt to fund the
      $250 million to $300 million in share buybacks.

                       RATING SENSITIVITIES

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

   -- Consistently positive comps at Chili's with traffic trends
      at least in line with the industry;

   -- A commitment to maintain total adjusted debt/EBITDAR in the
      3.0x - 3.5x range.  This is not anticipated in the near term

      given the change in financial policy.

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

   -- A lack of improvement in comps and higher than expected
      margin contraction;

   -- Capital allocation policies that remain biased towards
      shareholders, despite weak operating performance and
      increased leverage;

   -- Total adjusted debt/EBITDAR sustained above 4.0x.

                             LIQUIDITY

At June 29, 2016, Brinker had $31 million of cash.  Available under
its $750 million revolver due to mature March 12, 2020 was $160
million at March 23, 2016.  Brinker's nearest upcoming maturity is
the $250 million 2.6% notes due 2018, which Fitch anticipates will
be refinanced.

Fitch projects Brinker will generate roughly $150 million in fiscal
2017, versus $208 million in fiscal 2016.  Capex is expected to
approximate $110 million - $120 million in fiscal 2017, versus $113
million in fiscal 2016.  Dividends are projected to track Brinker's
40% of earnings payout target.  Most of the company's FCF is
expected to be used for share repurchases.

Fitch has downgraded the existing $750 million credit facility and
$550 million of senior unsecured notes to 'BB+' from 'BBB-' and
assigned Recovery Ratings (RR) of RR4, indicating average recovery
prospects.  Fitch expects Brinker will have to amend its credit
facility to allow for incremental leverage (given a maximum
leverage of 3.5x based on capitalizing leases at 6x rent).  Should
the amended credit facility and/or any new notes to fund the share
buybacks be given priority either through security or guarantees,
the ratings on the amended credit facility and/or new notes could
potentially be notched up from current levels.

                   FULL LIST OF RATING ACTIONS

Fitch has taking these ating actions on Brinker:

   -- Long-term IDR downgraded to 'BB+' from 'BBB-';
   -- Senior unsecured bank credit facility downgraded to
      'BB+/RR4' from 'BBB-';
   -- Senior unsecured notes downgraded to 'BB+/RR4' from 'BBB-'.

The Rating Outlook is Stable.

The assignment of the RRs reflects Fitch's 'Recovery Ratings and
Notching Criteria for Non-Financial Corporates issuers' criteria
dated April 5, 2016, which allows for the assignment of Recovery
Ratings for issuers with IDRs in the 'BB' category.


BUFFINGTON MASON: Selling Harris County Property to Jabez for $3.5M
-------------------------------------------------------------------
Buffington Mason Park, Ltd., asks the U.S. Bankruptcy Court for the
Western District of Texas to authorize the sale of approximately 20
acres of real property and three lots located in Harris County,
Texas to Jabez Development, LP for $3,500,000.

On Sept. 3, 2008, Debtor purchased approximately 49 acres of real
property located in Harris County, Texas which was financed at that
time with First Continental.

On May 7, 2013, Section 3 was carved out and conveyed to BLD LAMP
Section 3, which developed same and has sold all but three of its
developed lots. Section 4 was carved out and conveyed to BLD LAMP
Section 4, which developed same and has sold all its developed
lots. The Property remains.

On Sept. 5, 2008, Debtor refinanced the Property, along with other
real property owned by entities that were part of the Buffington
Land Group with United Development Funding I, LP, United
Development Funding III, LP and United Development IV, LP ("UDF").
The Debtor scheduled the following amounts due to the UDF
entities:

          a. United Development Funding III, LP - $110,316,925
          b. United Development Funding, LP - $32,735,601
          c. United Development Funding IV, LP - $2,035,390

On Nov. 23, 2015, Horizon Homes-Houston, LLC ("Horizon Homes")
filed suit against Debtor in the 129th Judicial District Court of
Harris County, Texas under Cause No. 2015-7063 and obtained a
judgment on March 3, 2016 for $376,200. Unable to resolve its
dispute with Horizon Homes-Houston and unable to satisfy the
judgment, Debtor filed for protection under chapter 11 of title 11
on or about April 1, 2016. Debtor has retained the property and
been acting as a debtor-in-possession since that time.

Debtor's Schedules listed the following parcels of real property
and the liens listed on each:

          a. i. Property: 0 Elrod Street, Katy, Texas 77449
             ii. Liens: (a) Five tracts of real estate located in
Katy, Harris Co., Texas
                        (b) Harris Co. Tax Assessor-Collector
                        (c) Harris Co. MU #71
                        (d) United Development Funding IV, LP
                        (e) United Development Funding I, LP
                        (f) United Development Funding III, LP

          b. i. Property: 22438 Guston Hall Lane, Katy, Texas
77449
             ii. Liens: (a) United Development Funding III, LP
                        (b) United Development Funding I, LP
                        (c) United Development Funding IV, LP

          c. i. Property: 2435 Seahorse Bend Drive, Katy, Texas
77449
             ii. Liens: (a) United Development Funding III, LP
                        (b) United Development Funding I, LP
                        (c) United Development Funding IV, LP

          d. i. Property: 2431 Seahorse Bend Drive, Katy, Texas
             ii. Liens: (a) United Development Funding III, LP
                        (b) United Development Funding I, LP
                        (c) United Development Funding IV, LP

Debtor has expended approximately $837,901 in developing the
remaining property, including obtaining MUD rights. At the time of
filing, the Harris County Appraisal District valuation of the
Property for 2016 was $ 2,081,515.

During the case, the Debtor and the UDF entities have attempted to
locate a buyer for the Real Property. UDF marketed the property to
all likely developers active in the Houston market. The offer
received from Jabez Development was the only offer received at the
full asking price of $3,500,000.

The Jabez Contract also requires the sale of personal property
related to the real estate, which consists primarily of capitalized
transaction costs of $837,901 and MUD reimburseables in the
approximate amount of $840,581 and taking an assignment of the
Debtor's rights under executory contracts, after the Debtor assumes
such contracts.

The Debtor estimates closing costs of $18,750 for the sale under
the Jabez Contract for a net sales price of approximately
$3,481,250 prior to any payments to secured creditors. There are no
broker's commissions payable in connection with the sale.

Debtor estimates the base ad valorem tax claims due pre-prepetition
to be $83 and due post-petition a pro-rata portion of approximately
$64,000 for 2016 taxes and MUD payments. Statutory interest and
fees will be due on the pre-petition amount.

The Debtor does not believe that any defaults exist under any
documents related to the MUD, but there will be sufficient funds at
closing to cure any default should there be determined to be any.

The Debtor seeks to pay the (i) delinquent ad valorem taxes; (ii)
any amounts required, if any, to cure delinquencies with MUD #71;
(iii) closing cost; and (iv) estimated U.S. Trustee fees in the
amount of $10,400. Other than $32,500 which UDF has agreed to
release for payment of administrative expenses in this case, the
remaining funds will be paid to the UDF entities at their
direction.

The attorneys for the the Debtor-in-Possession are:

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

The Purchaser:

          Jabez Development, LP
          9001 Airport Freeway, suite 400
          North Richland Hills, TX 76180

is represented by:

          Stephen Poloza, Esq.
          Decker Jones, PC
          801 Cherry Street, Suite 2000
          Ft. Worth, TX 76102

                                 About Buffington Mason Park

Buffington Mason Park, Ltd. is a Texas limited partnership formed
on or about Aug.25, 2008 for single family residential development.
It is part of the Buffington Land Group, Ltd. Its general partner
is Buffington Mason Park Management, LLC, which owns a 0.5%
interest, and its limited partner is Buffington Land, Ltd., which
holds 99.5%.

Buffington Mason Park, Ltd. sought the Chapter 11 protection
(Bankr. W.D. Tex. Case No. 16-10396) on April 1, 2016. Judge Tony
M. Davis is assigned to the case.

The Debtor estimated assets in the range of $1 million to $10
million and $100 million to $500 million in debt.

Stephen W. Sather, Esq., at Barron & Newburger, P.C. serves as the
Debtor's counsel.

The petition was signed by T. Blake Buffington, Jr., VP of general
partner.


BUNGE LIMITED: Fitch Assigns 'BB+' Rating on Preference Shares
--------------------------------------------------------------
Fitch Ratings has assigned a 'BBB' rating to Bunge Limited Finance
Corp. $700 million senior unsecured notes due 2026.  The new notes
are fully and unconditionally guaranteed by Bunge Ltd.  Bunge
intends to use net proceeds from the issuance for general corporate
purposes, including repayment of outstanding indebtedness such as
borrowings under Bunge's revolving credit facilities.  The Rating
Outlook is Stable.

                        KEY RATING DRIVERS

Agribusiness Segment Concentration
Bunge has a leading position in oilseed processing and logistics,
and accordingly the agribusiness segment contributes the vast
majority of overall operating income.  While there is some
diversification of the business portfolio provided by the food and
ingredients businesses, the agribusiness segment currently
represents more than 80% of operating income.  In an effort to
offset earnings concentration and help reduce volatility, over the
longer term, Bunge targets increasing the contribution of the food
and ingredients businesses (edible oil and milling products) to
approximately 35% of total operating income through a combination
of organic growth and asset purchases.

Despite First Half Volatility, Earnings Expected to Remain Stable
Bunge's first half of 2016 experienced price and margin volatility
within the South American agribusiness segment due to the negative
effects from weather and the weakening of the U.S. dollar against
key grain growing region currencies.  Near-term margins have also
been pressured in South America due to higher than anticipated
farmer retention of soybeans.  Consequently, EBIT results for the
first six months in Agribusiness were down from 2015 at $450
million compared to $494 million.

Fitch expects overall operating income growth for 2016 to be flat
to slightly positive in 2016 as dislocation opportunities present
themselves in the back half of 2016 and into 2017 related to
expected South American crop reductions that should benefit U.S.
and Black Sea exports and North American crush margins that have
been weak.  The Softseed crushing environment is also expected to
improve from lower 2015 levels reflecting the expected large
harvests.  The remaining Food & Ingredients, Fertilizer and Sugar &
Bioenergy segments are all expected to demonstrate modest to
moderate earnings growth from 2015 levels.  Consequently, Fitch
believes that the company will maintain EBITDA in the range of $1.8
billion over the intermediate term.  The long-term outlook for the
agriculture industry is favorable given higher consumption of
protein in developing countries and increasing demand for
biofuels.

Elevated Leverage Driven by Increased RMI
Gross leverage (which adds debt related to receivables
securitization) increased to 3.8x as of June 30, 2016, compared to
2.8x in 2015.  The rise in leverage was driven by working capital
usage due primarily to increases with the price and volume of soy
related readily marketable inventories (RMI).  RMI increased during
the second quarter by $1.1 billion.  For the second half of 2016,
Fitch expects operating earnings will be relatively stable with a
moderation in debt levels resulting in leverage in the mid 3x range
for 2016.

RMI Supports Ratings
In addition to evaluating traditional leverage metrics, Fitch also
considers leverage ratios that exclude debt used to finance RMI.
RMI, which is hedged and very liquid, could be converted to cash if
needed.  This high level of liquid inventories, coupled with cash,
provides substantial financial flexibility during periods of
earnings volatility associated with agricultural cycles, partially
mitigating financial risk.  Bunge's RMI adjusted leverage -- which
Fitch calculates by subtracting 90% of RMI (after applying a 10%
haircut) from total debt of $6.9 billion -- was 1.5x for the latest
12 months (LTM) period ending June 30, 2016.

Shareholder Returns Increasing
Share repurchases have ramped up the past two years to $300 million
annually compared to none in 2012 and 2013.  Bunge repurchased $200
million in shares during the first half of 2016. With the increase
in leverage, Fitch expects Bunge will moderate share repurchase
activity going forward.  In addition, dividends that have increased
in the low double-digits annually, are expected to rise, tracking
expected growth in earnings.  Fitch recognizes the risk for an
agribusiness company vulnerable to volatile working capital swings
directing significantly more cash flow to shareholders but views it
as manageable given anticipated cash flow generation.

                          KEY ASSUMPTIONS

Key assumptions within Fitch's rating case in 2016 for Bunge
include:

   -- EBITDA margins modestly expanding from 2015 level of 4.3%;
   -- Capital spending to remain below historical levels at
      approximately $850 million;
   -- Free cash flow (FCF) turning moderately negative in 2016 due

      to increased working capital requirements;
   -- Modest acquisition activity focused on bolt-on purchases;
   -- Gross debt leverage in the mid 3x range and RMI adjusted
      leverage in the mid 1x range.

                       RATING SENSITIVITIES

Future developments that may individually or collectively, lead to
a negative rating action:

   -- Fitch sees Bunge generally operating with gross debt
      leverage in the range of 2.5x to 3.5x.  However, rating
      pressure will arise if persistent EBITDA margin compression
      and/or a meaningfully higher debt leads to unadjusted
      leverage exceeding 3.5x over two crop cycles;

   -- Lack of funds from operations (FFO) coverage of capital
      spending and dividends, such that meaningful incremental
      debt funding becomes necessary;

   -- A material and sustained increase in leverage from a
      significant debt financed transaction, most likely a large
      acquisition.

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

   -- Fitch does not see positive rating action over the
      intermediate term given vulnerability of the credit profile
      to significant periodic commodity supply/demand imbalances;

   -- However, a commitment to operate with total debt leverage in

      the low 2.0x range, coupled with positive FCF generation
      could support an upgrade of the ratings.

   -- In addition, diversification of the corporate portfolio with

      increased contribution from the value-added food and
      ingredients businesses such that EBITDA margins increase to
      the mid-single digits and exhibit more stability over the
      commodity pricing cycle could support an upgrade.

Abundant Sources of External Liquidity Supports Operations

Bunge's internal sources of liquidity include $548 million of cash
and cash equivalents, $215 million of marketable securities and
short-term investments and FCF that can fluctuate from positive to
negative from year to year.  Bunge generated a deficit of $722
million during the LTM period due primarily to the working capital
increase in RMI attributable to merchandising activities that
increased by $1.4 billion in the first six months of 2016.  Fitch
expects FCF turning moderately negative in 2016 due to increased
working capital requirements.

A key credit concern of commodity processors is access to
sufficient liquidity given historically volatile working capital
needs.  Bunge has abundant sources of external liquidity provided
by various credit facilities available to fund its operations
globally, with approximately $5.0 billion in capacity under its
revolving bank agreements and commercial paper program, of which
$3.4 billion was available at the end of the second quarter of
2016.  In addition to the committed credit facilities, Bunge
through its financing subsidiaries will from time-to-time enter
into bilateral short-term credit lines as necessary.  As of
June 30, 2016, there was $300 million outstanding.

The bank commitments at Bunge Limited Finance Corp. (BLFC) are
comprised of unsecured bilateral three-year agreements of $200
million maturing in June 2019 and $500 million maturing November
2016 with $100 million of borrowings outstanding, a $865 million
five-year CoBank revolving credit agreement maturing May 30, 2018
with $290 million outstanding, and a five-year syndicated unsecured
revolver totaling $1.1 billion maturing in November 2019 with no
borrowings outstanding.  In addition, Bunge has a three-year $1.75
billion revolving credit facility established by Bunge Finance
Europe B.V. (BFE) with $752 million in borrowings outstanding.  The
revolver, which can be expanded by $250 million, matures in August
2018 and can be extended by two one-year periods.  A $600 million
liquidity facility at Bunge Asset Funding Corp. (BAFC) backstops a
$600 million commercial paper program that had $450 million
outstanding.

Bunge also participates in a receivables securitization program
that provides funding up to $700 million.  Bunge subsidiaries sell
receivables to a bankruptcy remote entity (Bunge Securitization
B.V.) that subsequently sells the receivables.  Receivables sold
under the program (and derecognized on the balance sheet) were $568
million and $524 million as of June 30, 2016 and Dec. 31, 2015,
respectively.

Bunge has material maturities in the next 12 months including $250
million of unsecured notes due in April 2017 and $600 million of
unsecured notes due in June 2017.  Fitch expects Bunge to manage
the maturing notes through either long-term debt issuances or with
bank borrowings as the company did for the $500 million of
unsecured notes due in March 2016 given the company's current
sources of liquidity and access to the capital markets.

Fitch currently rates Bunge and its subsidiaries as:

Bunge Limited
   -- Long-Term IDR 'BBB';
   -- Preference shares 'BB+'.

Bunge Limited Finance Corp. (BLFC)
   -- Long-Term IDR 'BBB';
   -- Senior unsecured bank facility 'BBB';
   -- Senior unsecured notes 'BBB'.

Bunge Finance Europe B.V. (BFE)
   -- Long-Term IDR 'BBB';
   -- Senior unsecured bank facility 'BBB'.

Bunge N.A. Finance L.P. (BNAF)
   -- Senior unsecured notes 'BBB'.


C & J ENERGY: Bankruptcy Stays FLSA Suit
----------------------------------------
Judge David Alan Ezra of the United States District Court for the
Western District of Texas, San Antonio Division, stayed the case
captioned JACOB ESPARZA, individually and on behalf of all others
similarly situated, Plaintiff, v. C&J ENERGY SERVICES, INC. and C&J
SPEC-RENT SERVICES, INC. Defendants, No. 5:15-CV-850-DAE (W.D.
Tex.), due to a suggestion of bankruptcy filed by the defendants
C&J Energy Services, Inc. and C&J Spec-Rent Services, Inc.

On September 30, 2015, Plaintiff Jacob Esparza filed a collective
action complaint against C&J, alleging violations of the Fair Labor
Standards Act, and the New Mexico Minimum Wage Act.  On January 14,
2016, Esparza amended his complaint to add Spec-Rent as a
defendant.

A full-text copy of Judge Ezra's July 26, 2016 order is available
at https://is.gd/PFJcaR from Leagle.com.

Jacob Esparza, Jess Peper, Kelly B. Bowman, John W. Soules, III,
Tobyn Dyer, Jordan S. Olson, Michael S. Robinson, Rolando
Villarreal, David Chengwei Hu, Deezy Denicio Loving, Bobby J.
Riley, Brock Allen Morgan, Aaron M. Borunda, Camilo M. Camarillo,
James Reyes, Matthew L. Farris, Alan K. Johnson, Bryan Donaldson,
Jesse A. Addis, Brandon Shane Childers, Jason Taylor, Juan J.
Valadez, Lawrence Salazar, Henry Barfield Bruns, Paul W. Langham,
Richard R. Sanchez, II, David F. Hinojosa, Jr. are represented by:

          Andrew W. Dunlap, Esq.
          Jessica Marie Bresler, Esq.
          Lindsay R. Itkin, Esq.
          Michael A. Josephson, Esq.
          FIBICH LEEBRON COPELAND BRIGGS & JOSEPHSON
          1150 Bissonnet St
          Houston, TX 77005
          Tel: (713)489-6566

            -- and --

          Richard J. Burch, Esq.
          BRUCKNER BURCH PLLC
          8 Greenway Plz, Ste 1500
          Houston, TX 77046-0804
          Tel: (713)877-8788

C&J Energy Services, Inc. is represented by:

          Sean Michael Becker, Esq.
          VINSON & ELKINS
          1001 Fannin Street, Suite 2500
          Houston, TX 77002
          Email: sbecker@velaw.com

                          About C&J Energy

C&J Energy Services -- http://www.cjenergy.com/-- is a provider of

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

C&J Energy Services Ltd. and 14 of its subsidiaries each filed a
voluntary petition under Chapter 11 of the Bankruptcy Code (Bankr.
S.D. Tex. Lead Case No. 16-33590) on July 20, 2016.  The Debtors'
cases are pending before Judge David R Jones.

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


C&D PRODUCE: Can Use Cash Collateral on an Interim Basis
--------------------------------------------------------
Judge Paul G. Hyman, Jr., of the U.S. Bankruptcy Court for the
Southern District of Florida authorized C & D Produce Outlet, Inc.
and C & D Produce Outlet - South, Inc. to use cash collateral on an
interim basis.  

The approved Budget provides for total expenses for the month of
September, in the amount of $18,341.99 for C & D Produce Outlet,
Inc., and $55,210.31 for C & D Produce Outlet - South, Inc.  The
Budget also provides for total expenses for the month of October,
in the amount of $17,692 for C & D Produce Outlet, Inc., and
$54,235 for C & D Produce Outlet - South, Inc.

The Debtors' cash collateral is subject to the trust established by
the Perishable Agricultural Commodities Act, by virtue of the
Debtors' purchase of wholesale quantities of perishable
agricultural commodities and license under the PACA.  Freshpoint
South Florida, Inc. Freedom Fresh, LLC and Fresko Foods, LLC are
the Debtors' PACA trust creditors, in the outstanding aggregate
principal amount of $203,000, plus interest, costs and reasonable
attorney's fees.  

The following creditors have asserted security interests in Debtor
C & D Produce Outlet - South's cash collateral:

     (1) GFS Florida, LLC;

     (2) Corporation Service Company, as Representative of Unknown
Party;

     (3) Distinct Capital;

The following creditors have asserted security interests in both
Debtors' cash collateral:

     (1) Corporation Service Company, as Representative of Unknown
Party; and

     (2) Happy Rock Merchant Solutions.

Judge Hyman authorized the Debtor to make monthly adequate
protection payments, beginning on September 15, 2016, to Freshpoint
South Florida and Fresco Foods, in the amount of $1,000, each and
Freedom Fresh, in the amount of $500.

The secured creditors were granted replacement liens, to the same
extent as the pre-petition liens which they held on and in all the
Debtor's property.

Judge Hyman held that the post-petition lines granted in connection
with the use of the collateral and cash collateral will at all
times be subject and junior to the fees of the Office of the U.S.
Trustee, Court costs and any administrative fees and costs awarded
by the Court in the proceeding.

The final hearing on the use of cash collateral is scheduled on
Sept. 23, 2016 at 9:30 a.m.

A full-text copy of the Order, dated August 4, 2016, is available
at https://is.gd/rDhIiC

                   About C & D Produce Outlet

C & D Produce Outlet, Inc., and C & D Produce Outlet - South, Inc.,
filed separate chapter 11 petitions (Bankr. S.D. Fla. Case Nos.
16-15760 and 16-15764) on April 21, 2016.  The Debtors are
represented by Craig I. Kelley, Esq., at Kelley & Fulton, P.L., in
West Palm Beach, Fla.  At the time of the filing, the Debtors
estimated their assets and debts at less than $1 million.


CALTEX WATER: Projects $1 Million in Upcoming Equipment Auction
----------------------------------------------------------------
CalTex Water, LLC, asks the U.S. Bankruptcy Court for the Western
District of Texas to authorize the sale of certain personal
property via an auction to be conducted by PPL Group, LLC.

The Debtor and PPL group entered into Commission Agreement on Aug.
4, 2016.

A copy of the Commission Agreement and the list of the assets to be
sold attached to the Motion is available for free at:

     http://bankrupt.com/misc/Caltex_Water_98_Sales.pdf

The Debtor estimated sale proceeds from said auction will be
$1,000,000. The Debtor believes that the proposed auction proceeds
amount will approximate the market value and context of such a
sale, and is of a reasonable value based upon the assets proposed
to be sold and their marketability.

The personal property is encumbered by one lien held by Citizens
State Bank in the approximate amount of $500,000.

The proceeds will be used by the Debtor as follows:

           Estimated Sales price                        
$1,000,000
           Approximate Citizens State Bank               $
500,000
           Estimated Commission to PPL Group (5%)        $  
50,000
           Estimated selling costs                       $  
23,000
           Prospective net cash at auction conclusion    $
427,000

The auction is scheduled to close as soon as possible and will take
place within 45 days of an order approving the sale.

The auctioneer can be reached at:

       Perry Grimaldi, Jr.
       PPL GROUP LLC
       105 Revere Drive, Suite C
       Northbrook, IL 60062
       Telephone: (224) 927-5300
       E-mail: sales@pplgroupllc.com

                           About CalTex Water

CalTex Water, LLC sought the Chapter 11 protection (Bankr. U.S.
W.D. Tex. Case No. 15-70129) on Oct. 2, 2015.  Judge Ronald B. King
is assigned to the case.  The Debtor estimated assets and
liabilities in the range of $1 million to $10 million.  James
Samuel Wilkins, Esq. at Willis & Wilkins, LLP serves as the
Debtor's counsel.  The petition was signed by Brian T. Burris,
president of Candescent Services, LLC (100% owner of Debtor).


CANCER GENETICS: Reports Second Quarter 2016 Financial Results
--------------------------------------------------------------
Cancer Genetics, Inc., reported a net loss of $4.02 million on $7
million of revenue for the three months ended June 30, 2016,
compared to a net loss of $4.98 million on $4.18 million of revenue
for the three months ended June 30, 2015.

For the six months ended June 30, 2016, the Company reported a net
loss of $9.28 million on $13.06 million of revenue compared to a
net loss of $9.25 million on $8.55 million of revenue for the six
months ended June 30, 2015.

As of June 30, 2016, Cancer Genetics had $44.2 million in total
assets, $15.1 million in total liabilities and $29.2 million in
total stockholders' equity.  Total cash at the end of the quarter
was $10.6 million.

Panna Sharma, Cancer Genetics CEO and president commented, "Our
growth and performance during the second quarter was strong and our
impact on the oncology community continued to accelerate as a
result of our biopharma contracts and our emphasis on providing
disease-focused, and clinically actionable genomic as well as
immune-marker data and testing capabilities.  This along with our
innovative portfolio and global infrastructure is truly unique to
CGI and a cornerstone of our future growth."

Panna Sharma continued, "Our growth areas of immuno-oncology and
biopharma partnerships continue to advance our market-share.  This
is clearly reflected in our Biopharma Services revenue, which
comprised 60% of the revenue for the quarter.  Additionally, our
portfolio of unique and disease-targeted next-generation sequencing
(NGS) panels, immune markers, and cell-free DNA capabilities is
advancing quickly.  Our unmatched and industry-leading portfolio is
helping CGI secure collaborations with leading institutions, and
revenue-generating relationships with biotech and pharma companies
that are working on targeted therapeutics, immuno-oncology targets
and companion diagnostics, all of which are leading precursors for
future growth and revenue for CGI."

"CGI has a unique platform of capabilities, content and people that
are focused on delivering innovation in precision medicine and
oncology," said Jay Roberts, EVP of Finance and COO at Cancer
Genetics.  "The next phase of our growth will be highly focused on
margin expansion and further refining the integration across our
sites.  This dual focus on innovation and execution will create a
durable leader in precision medicine and differentiate us in the
marketplace."

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

                    https://is.gd/WvF85E

                    About Cancer Genetics

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

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


CASCELLA & SON: Files Plan to Exit Chapter 11 Protection
--------------------------------------------------------
Cascella & Son Construction, Inc., filed with the U.S. Bankruptcy
Court for the District of Connecticut its proposed plan to exit
Chapter 11 protection.

Under the restructuring plan, Cascella & Son's ability to pay
unsecured creditors is dependent on the outcome of a lawsuit filed
by its related company against the Town of Monroe, and the revival
of its operations to a scale at which it previously operated.

Cascella & Son believes a dividend of at least 7.5% is a reasonable
projection from a successful litigation result, with the amount of
the dividend to increase from there, based on the amount of the
damages awarded.

The company projects a dividend of 15% over time if the litigation
is highly successful, according to the disclosure statement
detailing the plan.

A copy of the disclosure statement is available for free at
http://bankrupt.com/misc/Cascella&Son_3DS07282016.pdf

                      About Cascella & Son

Cascella & Son Construction, Inc., filed a chapter 11 petition
(Bankr. D. Conn. Case No. 14-50518) on Apr. 7, 2014.  The Debtor is
represented by James M. Nugent, Esq., at Harlow, Adams, and
Friedman in Milford, Conn.  The Debtor disclosed $0 in assets and
$3.48 million in liabilities at the time of the filing.


CEETOP INC: Needs More Time to File Form 10-Q
---------------------------------------------
Ceetop Inc. filed a Form 12b-25 with the Securities and Exchange
Commission notifying the delay in the filing of its quarterly
report on Form 10-Q for the period ended June 30, 2016.  The
Company said it cannot file its June 30, 2016, Form 10-Q within the
prescribed time period because management has not completed the
process of gathering and analyzing the financial information that
will be included in the Company's Form 10-Q.

                        About Ceetop Inc.

Oregon-based Ceetop Inc., formerly known as China Ceetop.com,
Inc., owned and operated the online retail platform before 2013.
Due to excessive competition in online retail, the Company has
transformed itself into an integrated supply chain services
provider, and focuses on B to B supply chain management and
related value-added services among enterprises.

Ceetop reported a net loss of $599,847 on $0 of sales for the year
ended Dec. 31, 2015, compared to a net loss of $1.41 million on
$361,887 of sales for the year ended Dec. 31, 2014.

As of Dec. 31, 2015, Ceetop Inc. had $3.22 million in total assets,
$1.16 million in total liabilities, all current, and $2.05 million
in total stockholders' equity.

The Company's auditors MJF& Associates, APC, in Los Angeles,
California, issued a "going concern" qualification on the
consolidated financial statements for the year ended Dec. 31, 2015,
citing that the Company incurred recurring losses from operations,
has a net loss of $599,847 and $1,415,949 for the years ended
December 31, 2015 and 2014, respectively, and has accumulated
deficit of $10,621,441 at December 31, 2015.


CENTURYLINK INC: S&P Retains 'BB' Corporate Credit Rating
---------------------------------------------------------
S&P Global Ratings assigned its 'BBB-' issue level and '1' recovery
rating to Qwest Corp.'s proposed senior notes (amount to be
determined) due 2056.  The '1' recovery rating indicates S&P's
expectation for very high (90%-100%) recovery in the event of a
payment default.

S&P expects the company will use net proceeds to redeem all or a
portion of its $661 million outstanding of senior notes due 2051.
S&P assumes that the company will use any incremental proceeds from
the debt issuance to refinance existing debt at Qwest Corp. Since
the transaction does not affect the financial metrics of Qwest
Corp.'s parent CenturyLink Inc., the 'BB' corporate credit rating
and stable outlook on CenturyLink remain unchanged.  S&P's
base-case forecast includes the assumption that adjusted debt to
EBITDA will be in the high-3x area over the next few years.

Moreover, the issue-level and recovery ratings on existing debt at
CenturyLink and its related subsidiaries, including Qwest Corp.,
likewise remain unchanged, since this transaction does not alter
S&P's assumptions for the amount of debt at Qwest Corp. or any
other entity within the CenturyLink capital structure, at the time
of S&P's simulated default.

RATINGS LIST

CenturyLink Inc.
Corporate Credit Rating            BB/Stable/--

New Rating

Qwest Corp.
Senior Unsecured Notes due 2056    BBB-
  Recovery Rating                   1


CHEE CHEE'S ARTISTRY: Plan Confirmation Hearing Set for Oct. 6
--------------------------------------------------------------
Chee Chee's Artistry in Hair, Inc., obtained conditional approval
of its disclosure statement from Hon. Frederick P. Corbit of the
U.S. Bankruptcy Court for the Eastern District of Washington.

The Plan proposes 13 classes of creditors and provides for full
payment to all classes.  The Debtor believes it has and will
continue to become more profitable based upon the following changes
it has made to its business:

   (1) The son of the owner Chee Chee Phillips is no longer with
the business, along with his $5,000 per month salary;

   (2) Chee Chee Phillips has reduced her salary by $1,200 per
month;

   (3) The Debtor let go of her highest paid employee and
consolidated two positions saving approximately $1,300 per month;
and

   (4) Increased on-line advertising at no cost in order to
increase sales.

The Debtor's Plan is a partial liquidation plan, providing for the
liquidation of the Debtor's real estate, which is the majority of
its property.

The Debtor's plan provides that the Debtor will pay the regular
installment amounts to all secured classes beginning after the
confirmation and retain the collateral securing the claim until
sold pursuant to the specific terms of the plan.

The Plan also provides that upon sale, and after notice and
hearing, the Debtor will allocate the Court-approved sales price to
each of the two properties. After disbursement to Classes 4, 5 and
6 out of the proceeds of sale, if any proceeds remain, it is
specified that they will be divided and allocated between the
estate and Class 10 (Phillips) based upon the percentage of gross
sales price fixed or allocated to each property.

It is proposed in the Plan that Class 10 (Phillips) agrees to sell
Phillips' Property together with the sale of the Commercial
Business Premisses and to contribute the net proceeds of such sale,
after payment of Court approved real estate commission to Class 11,
based upon the Sales Price Allocation, to the extent sufficient to
pay in full the Allowed Claims of classes 4, 1, 7 and 2.

The following are additional specific treatment of claims made
under the proposed plan:

    1. Payment of $888.90 per month until the allowed secured claim
of Class 5 (Banner Bank) is paid in full.

    2. The lease of equipment between the Debtor and Class 8
(Siboom) shall be assumed and paid in full.

    3. To the extent Class 9 (Phillips) is required to pay any
claim against the Debtor, she shall be subrogated to the creditors
rights.

    4. Any employment/listing agreement between Class 11 (Realtor)
and the Debtor is assumed pursuant to 11 U.S.C. Section 365. It
further state that the Debtor and Class 11 shall perform according
to the terms of the agreement as is Court approved.

    5. Members of Class 13 is the single shareholder of the Debtor
and is to receive no distribution as an equity holder, unless
specifically provided in the plan, until allowed claims are paid.

A full text copy of the Disclosure Statement is available at
http://bankrupt.com/misc/waeb16-00034-FPC11-103.pdf

Judge Corbit has set Sept. 28 as the deadline to object to the
final approval of the Plan and Disclosure Statement.

Written ballots for accepting or rejecting the plan must be filed
with the Clerk of the Bankruptcy Court no later than Sept. 20, 2016
and the Debtor is directed to file the report of balloting by Sept.
23.

The confirmation hearing on the final approval of the Plan and
Disclosure Statement will be held on October 6, 2016 at 10:00 a.m.
in open Court at 904 W. Riverside Ave., Third Floor, Spokane,
Washington.

Counsel for Chee Chee's Artistry in Hair, Inc.:

       Kevin O'Rourke, Esq.
       SOUTHWELL & O'ROURKE, P.S.
       A Professional Service Corporation
       Suite 960, Paulsen Center
       West 421 Riverside Avenue
       Spokane, Washington 99201
       Telephone: (509) 624-0159

              About Chee Chee's Artistry

Chee Chee's Artistry in Hair, Inc. filed a Chapter 11 petition
(Bankr. E.D. Wash. Case No. 16-00034), on January 7, 2015. The
Debtor's counsel is Kevin O'Rourke, Esq. of Southwell and O'Rourke.


CHESTLIN LLC: Case Summary & 19 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Chestlin, LLC
        950 Francis Place, Suite 107
        Saint Louis, MO 63105
       
Case No.: 16-45698

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: August 11, 2016

Court: United States Bankruptcy Court
       Eastern District of Missouri (St. Louis)

Judge: Hon. Charles E. Rendlen III

Debtor's Counsel: Robert E. Eggmann, Esq.
                  DESAI EGGMANN MASON LLC
                  7733 Forsyth Boulevard, Suite 800
                  Clayton, MO 63105
                  Tel: 314-881-0800
                  Fax: 314-881-0820
                  E-mail: reggmann@demlawllc.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Robert Greene, managing member.

A copy of the Debtor's list of 19 largest unsecured creditors is
available for free at http://bankrupt.com/misc/moeb16-45698.pdf


CHIEFTAIN STEEL: Has Until December 28 to File Chapter 11 Plan
--------------------------------------------------------------
Judge Joan A. Lloyd of the U.S. Bankruptcy Court for the Western
District of Kentucky, extended Chieftain Steel, LLC's exclusive
periods within which to file a chapter 11 plan and solicit votes
thereon to, December 28, 2016 and February 26, 2017, respectively.

The Debtor's Exclusive Filing Period and Exclusive Solicitation
Period were set to expire on August 30, 2016 and October 29, 2016,
respectively.

                    About Chieftain Steel, LLC.

Chieftain Steel, LLC filed a chapter 11 petition (Bankr. W.D. Ky.
Case No. 16-10407) on May 2, 2016. The petition was signed by Bryan
W. Floyd, member.  The Debtor is represented by Constance G.
Grayson, Esq., at Gullette & Grayson, PSC.  The Debtor estimated
assets and liabilities at $0 to $50,000 at the time of the filing.

The U.S. trustee for Region 8 on May 20 appointed three creditors
of Chieftain Steel, LLC, to serve on the official committee of
unsecured creditors.  The Committee retains Fox Rothschild LLP as
its legal counsel, Bingham Greenebaum Doll LLP as its local
counsel, and Phoenix Management Services, LLC as its financial
advisor.


CHIQUITA BRANDS: Egan-Jones Withdraws B-/B+ Unsecured Ratings
-------------------------------------------------------------
Egan-Jones Ratings Company withdrew the B- foreign currency senior
unsecured debt rating and B+ local currency senior unsecured debt
rating on Chiquita Brands International Inc on July 27, 2016.

Chiquita Brands International, Inc, headquartered in Charlotte,
North Carolina, together with its subsidiaries, is an international
marketer and distributor of bananas and pineapples in over 70
countries and a producer of packaged salads under the Fresh Express
brand name primarily in the United States.


CHOUDRIES INC: Hires J Geoffrey Sturgill as Accountant
------------------------------------------------------
Choudries, Inc. seeks authorization from the U.S. Bankruptcy Court
for the Middle District of Pennsylvania to employ J. Geoffrey
Sturgill, Jr., CPA, P.C. as accountant.

The accounting firm will be paid at these hourly rates:

       J. Geoffrey Sturgill, Jr.            $225
       Cheyenne Gulden, Staff Accountant     $80
       Stacie Hagerman, Administrative       $50

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

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

The firm can be reached at:

       J. Geoffrey Sturgill Jr. CPA PC
       139 Baltimore St.
       Gettysburg, PA 17325

                      About Choudries Inc.

Headquartered in Mechanicsburg, Pennsylvania, Choudries Inc. dba
Super Seven Food Mart filed for Chapter 11 bankruptcy protection
(Bankr. M.D. Pa. Case No. 16-02475) on June 13, 2016, and is
represented by Gary J. Imblum, Esq., at Imblum Law Offices, P.C.
The petition was signed by Abdul Akhter, president.  The Debtor
estimated its assets and liabilities at between $1 million and $10
million each.  Judge Mary D. France presides over the case.


CHOUDRIES INC: Taps Campbell Commercial to Sell Real Estate
-----------------------------------------------------------
Choudries, Inc. seeks authorization from the U.S. Bankruptcy Court
for the Middle District of Pennsylvania to employ Campbell
Commercial Real Estate, Inc. as real estate agent of Debtor's
York-New Salem Properties and 2001 Linglestown Road Property.

The Debtor has an Exclusive Right to Sell Agreement with Campbell
Commercial to sell its properties located at 11 N. Main Street & 39
N. Main Street, Salem Borough, York, Pennsylvania 17408 and 2001
Linglestown Road, Harrisburg, Susquehanna Township, Harrisburg,
Pennsylvania 17110.

The Listing Agreements provide for an agent's fee of 6% of the sale
price.

Campbell Commercial can be reached at:

       CAMPBELL COMMERCIAL REAL ESTATE, INC.
       525 N. 12th Street, Suite 203
       Lemoyne, PA 17043
       Tel: (717) 737-6161
       Fax: (717) 737-9640

                      About Choudries Inc.

Headquartered in Mechanicsburg, Pennsylvania, Choudries Inc. dba
Super Seven Food Mart filed for Chapter 11 bankruptcy protection
(Bankr. M.D. Pa. Case No. 16-02475) on June 13, 2016, and is
represented by Gary J. Imblum, Esq., at Imblum Law Offices, P.C.
The petition was signed by Abdul Akhter, president.  The Debtor
estimated its assets and liabilities at between $1 million and $10
million each.  Judge Mary D. France presides over the case.


CITY OF WAYNE: Moody's Lowers Issuer Rating to 'Ba1'
----------------------------------------------------
Moody's Investors Service has downgraded the City of Wayne, MI's
issuer rating to Ba1 from Baa2 and general obligation limited tax
(GOLT) rating to Ba2 from Baa3. Moody's has also placed the ratings
under review for possible downgrade pending development of the
city's request for a financial review by the State of Michigan. The
city has $28.1 million of rated GOLT bonds outstanding.

The downgrade of the city's issuer rating to Ba1 reflects a very
stressed financial position given an ongoing structural imbalance
with few remaining options for increasing revenues or cutting
expenditures. We expect the city's current liquidity position will
remain sufficient to meet current-year obligations, but will
continue to degrade absent significant operating adjustments.
Declaration of a fiscal emergency by the state, which now seems
likely, could provide the city the tools needed to restructure
operations and stabilize reserves. However, it would also open the
door to a possible debt restructuring. The rating also reflects the
city's modestly-sized tax base with significant concentration in
auto manufacturing and high fixed costs. The GOLT rating is one
notch below the issuer rating due to limits on operating levies
that are used to pay debt service.

Rating Outlook

The review for possible downgrade is tied to the city's recent
request for a comprehensive financial review by the State of
Michigan. While a declaration of fiscal emergency would give the
city greater power to cut expenditures, it also increases the risk
that the city may seek to restructure its debt. “We intend to
resolve our review as the emergency financial review develops.”
Moody’s said.

Factors that Could Lead to an Upgrade

   -- Stabilization of the city's financial operations and
      reserves

Factors that Could Lead to a Downgrade

   -- Further narrowing of the city's overall liquidity position

   -- Efforts to restructure outstanding debt through fiscal
      emergency

Legal Security

The city's outstanding rated securities are secured by its pledge
and authorization to levy taxes subject to charter, statutory and
constitutional limitations.

Use of Proceeds

Not applicable.

Obligor Profile

The City of Wayne is located in the north central portion of Wayne
County, approximately 21 miles west of Detroit. The city operates
under a Commission-Manager form of government and provides
municipal services including public safety, health and welfare,
recreation and utilities to a population of approximately 17,600
residents.

Methodology

The principal methodology used in this rating was US Local
Government General Obligation Debt published in January 2014.


CLAIRE'S STORES: EVP and Chief Financial Officer Resigns
--------------------------------------------------------
Per J. Brodin notified Claire's Stores, Inc., of his intent to
resign as executive vice president and chief financial officer to
pursue another professional opportunity.  His resignation is
effective as of Sept. 2, 2016.  The Company expects that Mr. Brodin
will continue to serve in an advisory role with the Company through
October 2016.  Mr. Brodin's resignation was unrelated to any
disagreement with the Company on any matter, as disclosed in a
regulatory filing with the Securities and Exchange Commission.

                        About Claire's Stores

Claire's Stores, Inc. -- http://www.clairestores.com/-- operates  

as a specialty retailer of fashion accessories and jewelry for
preteens and teenagers, as well as for young adults in North
America and internationally.  It offers jewelry products that
comprise costume jewelry, earrings, and ear piercing services; and
accessories, including fashion accessories, hair ornaments,
handbags, and novelty items.

Based in Pembroke Pines, Florida, Claire's Stores operates under
two brands: Claire's(R), which operates worldwide and Icing(R),
which operates only in North America.  As of Jan. 31, 2009,
Claire's Stores, Inc., operated 2,969 stores in North America and
Europe.  Claire's Stores also operates through its subsidiary,
Claire's Nippon, Co., Ltd., 213 stores in Japan as a 50:50 joint
venture with AEON, Co., Ltd.  The Company also franchises 198
stores in the Middle East, Turkey, Russia, South Africa, Poland
and Guatemala.

As of April 30, 2016, Claire's Stores had $2.27 billion in total
assets, $2.87 billion in total liabilities and a stockholders'
deficit of $606 million.

                           *     *     *

The TCR reported on April 11, 2016, that Moody's Investors Service
downgraded Claire's Stores, Inc. Corporate Family Rating (CFR) and
Probability of Default Rating to Caa3 and Caa3-PD, respectively.
"[The] downgrades reflect our view that there is an acute
likelihood of a debt restructuring ahead of the June 2017 maturity
of Claire's subordinated notes due to continuing erosion of
liquidity and weak operating performance," stated Moody's Vice
President Charlie O'Shea.

As reported by the TCR on May 20, 2016, S&P Global Ratings raised
its corporate credit rating on Florida-based Claire's Stores Inc.
to 'CCC-' from 'SD'.  The outlook is negative.


CLIFFS NATURAL: Moody's Puts 'Ca' CFR on Review for Upgrade
-----------------------------------------------------------
Moody's Investors Service placed Cliffs Natural Resources Inc. 'Ca'
Corporate Family Rating (CFR), Ca-PD Probability of Default rating,
Caa1 first lien senior secured notes, Ca second lien senior secured
notes, and C senior unsecured notes under review for upgrade. The
SGL-3 speculative grade liquidity rating remains unchanged.

On Review for Upgrade:

   Issuer: Cliffs Natural Resources Inc.

   -- Probability of Default Rating, Placed on Review for Upgrade,

      currently Ca-PD

   -- Corporate Family Rating, Placed on Review for Upgrade,
      currently Ca

   -- Senior Secured Regular Bond/Debenture, Placed on Review for
      Upgrade, currently Ca (LGD3)

   -- Senior Secured Regular Bond/Debenture, Placed on Review for
      Upgrade, currently Caa3 (LGD3)

   -- Senior Secured Regular Bond/Debenture, Placed on Review for
      Upgrade, currently Caa1 (LGD2)

   -- Senior Unsecured Regular Bond/Debenture, Placed on Review
      for Upgrade, currently C (LGD5)

Outlook Actions:

   -- Outlook, Changed To Rating Under Review From Negative

RATINGS RATIONALE

The review for upgrade results from the improvement in Cliff's
operating performance and metrics on strengthening fundamentals in
the US steel industry, the dominant market for Cliffs, as well as
slightly better expectations for iron ore prices. The company's
EBIT margins improved to 14% for the quarter ending June 30, 2016
(including Moody's standard adjustments) compared with 6.3% for the
fiscal year ending December 31, 2015. The review also reflects the
elimination of the uncertainty surrounding the need to renegotiate
material iron ore off take agreements, which were set to expire in
late 2016 and early 2017. In the second quarter, Cliffs entered
into a new contract with ArcelorMittal to supply up to 10 million
long tons per year of iron ore pellets through 2026. Further
prompting the review is the company's announcement of an equity
offering of up to $345 million; the proceeds of which are expected
to be used in part to reduce debt, with the company specifically
targeting the 2018 senior unsecured notes.

The review will focus on Cliffs' expected volumes and prices given
the contract nature of its USIO segment, expected costs per ton,
the company's ability to further reduce costs and the ability of
the company to manage to at least break even free cash flow
generation. The stock offering and potential subsequent debt
reduction together with liquidity will also be important
considerations.

The principal methodology used in these ratings was Global Mining
Industry published in August 2014.

Headquartered in Cleveland, Ohio, Cliffs is the largest iron ore
producer in North America with approximately 25.5 million equity
tons of annual capacity. In addition, the company participates in
the international seaborne iron ore markets through its subsidiary
in Australia. Cliffs' operations at Bloom Lake are being
restructured under the Canadian Companies' Creditors Arrangement
Act CCAA) and in May 2015, its Wabush iron ore operations in
Canada, which had been permanently closed, were included in the
CCAA filing. In December 2015, Cliffs' remaining coal operations -
the Pinnacle Mine and the Oak Grove Mine were sold to Seneca Coal
Resources, LLC. The transaction was valued at roughly $268 million
based upon the assumption of all liabilities by Seneca Coal. For
the twelve months ended June 30, 2016, the company had revenues of
$1.9 billion.


COATES INTERNATIONAL: Incurs $1.25-Mil. Net Loss in Second Quarter
------------------------------------------------------------------
Coates International, Ltd., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $1.25 million on $4,800 of total revenues for the three months
ended June 30, 2016, compared to a net loss of $4.02 million on
$4,800 of total revenues for the three months ended June 30, 2015.

For the six months ended June 30, 2016, the Company reported a net
loss of $3.41 million on $9,600 of total revenues compared to a net
loss of $6.83 million on $9,600 of total revenues for the same
period last year.

As of June 30, 2016, Coates had $2.39 million in total assets,
$7.50 million in total liabilities and a total stockholders'
deficiency of $5.10 million.

"We have incurred net recurring losses since inception, amounting
to ($60,382,992) as of June 30, 2016 and had a stockholders'
deficiency of ($5,105,266).  We will need to obtain additional
working capital in order to continue to cover our ongoing cash
expenses.

"These factors raise substantial doubt about our ability to
continue as a going concern.  In addition, the current economic
environment, which is characterized by tight credit markets,
investor uncertainty about how to safely invest funds and low
investor confidence, has introduced additional risk and difficulty
to our challenge to secure needed additional working capital.  Our
predecessor Independent Registered Public Accountants have stated
in their Auditor's Report dated April 14, 2016, with respect to our
financial statements as of and for the year ended December 31,
2015, that these circumstances raise substantial doubt about our
ability to continue as a going concern," the Company stated in the
report.

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

                   https://is.gd/GhjX0p

                      About Coates

Based in Wall Township, N.J., Coates International, Ltd.
(OTC BB: COTE) -- http://www.coatesengine.com/-- was
incorporated on August 31, 1988, for the purpose of researching,
patenting and manufacturing technology associated with a spherical
rotary valve system for internal combustion engines.  This
technology was developed over a period of 15 years by Mr. George
J. Coates, who is the President and Chairman of the Board of the
Company.

The Coates Spherical Rotary Valve System (CSRV) represents a
revolutionary departure from the conventional poppet valve.  It
changes the means of delivering the air and fuel mixture to the
firing chamber of an internal combustion engine and of expelling
the exhaust produced when the mixture ignites.

Coates International reported a net loss of $10.2 million on
$94,200 of total revenues for the year ended Dec. 31, 2015,
compared to a net loss of $12.8 million on $19,200 of
total revenues for the year ended Dec. 31, 2014.

Cowan, Gunteski & Co., P.A., in Tinton Falls, New Jersey, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2015, citing that the
Company continues to have negative cash flows from operations,
recurring losses from operations, and a stockholders' deficiency.
These conditions raise substantial doubt about its ability to
continue as a going concern.


COMBIMATRIX CORP: Bard Associates Reports 6.7% Stake as of Aug. 1
-----------------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, Bard Associates, Inc. disclosed that as of Aug. 1,
2016, it beneficially owned 164,995 shares of common stock of
Combimatrix Corp. representing 6.7 percent of the shares
outstanding.  A full-text copy of the regulatory filing is
available for free at https://is.gd/VwtUEn

                     About Combimatrix

Combimatrix specializes in pre-implantation genetic screening,
miscarriage analysis, prenatal and pediatric healthcare, offering
DNA-based testing for the detection of genetic abnormalities beyond
what can be identified through traditional methodologies.  Its
clinical lab and corporate offices are located in Irvine,
California.

Combimatrix reported a net loss of $6.60 million in 2015 compared
to a net loss of $8.70 million in 2014.  As of March 31, 2016,
Combimatrix had $11.20 million in total assets, $2.52 million in
total liabilities and $8.68 million in total stockholders' equity.

Haskell & White LLP, in Irvine, California, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the Company has limited
working capital and a history of incurring net losses and net
operating cash flow deficits.  These conditions raise substantial
doubt about the Company's ability to continue as a going concern.


COMMUNITY HEALTH SYSTEMS: Fitch Lowers Issuer Default Rating to 'B'
-------------------------------------------------------------------
Fitch Ratings has downgraded Community Health Systems, Inc.'s (CHS)
Issuer Default Rating to 'B'.  The Rating Outlook is Stable.  The
ratings apply to $15.6 billion of debt outstanding at June 30,
2016.

                        KEY RATING DRIVERS

Write-Down Reflects Operational Challenges: CHS acquired rival
hospital operator Health Management Associates (HMA) in a 2014 deal
that added about $7 billion of debt to CHS's capital structure.
Since the close of the transaction, growth in EBITDA has been
hampered by operational issues at the HMA hospitals, and ongoing
government investigations and lawsuits.  In second quarter 2016
(2Q16), CHS recognized a $1.4 billion goodwill impairment charge;
Fitch believes this reflects lower earnings prospects for the
company's hospitals than at the time of the HMA acquisition.

Restructuring Proceeds Reduce Debt: Progress towards deleveraging
has been slow since the HMA acquisition; total debt/EBITDA is about
6.4x, versus 5.2x prior to it.  So far in 2016, CHS has paid down
about $1.5 billion of debt with the proceeds from the spin-off of
Quorum Health Corporation (QHC) and the sale of a minority interest
in several hospitals in Las Vegas.  This was the first substantial
debt repayment since the HMA acquisition.  The company plans to
divest another 12 hospitals before the end of 2016, and expects to
apply the proceeds to debt reduction.  Assuming the company
executes on these transactions as planned, debt will be about $2.3
billion lower at the close of 2016 versus the January 2016 level,
which is equal to about one-turn of EBITDA.

More Profitable Hospital Portfolio: Fitch's $2.38 billion and $2.26
billion EBITDA forecast for CHS for 2016 and 2017, respectively,
reflects the loss of a cumulative $380 million in EBITDA as a
result of the company's portfolio pruning program.  The largest
portion of EBITDA divested was the 38 hospitals involved in the QHC
spin-off.  That transaction, plus the sale of the 12 hospitals the
company plans to divest in late 2016, should result in a more
profitable business profile, since the remaining group of hospitals
are higher margin and are located in larger markets with better
organic growth potential.

Headwinds to Less Acute Volumes: CHS's legacy hospital portfolio is
exposed to rural markets and therefore headwinds to lower acuity
patient volumes.  Volume trends in these markets are highly
susceptible to weak macro-economic conditions and seasonal
influences on flu and respiratory cases.  Health insurers and
government payors have been increasing scrutiny of short-stay
admissions and preventable hospital readmissions.  CHS has made
some headway in turning around the company's hospital
industry-lagging volume trends, but these challenges have proven
difficult to overcome.

Repositioning Portfolio Should Help: Repositioning the portfolio
around larger, faster growing markets should help CHS's organic
volume growth by reducing exposure to these lesser acuity volumes.
Much like CHS's peers in larger hospital markets, the company is
shifting the investment focus to building comprehensive networks of
inpatient and outpatient facilities in order to capture share in
certain targeted markets.  This is a strategy that is aligned with
secular trends in healthcare delivery, and should benefit the
operating profile.  However, successful execution of this
repositioning is not without challenges.  Management in part
attributed weak 2Q16 volume performance to distraction during the
QHC spin, and the HMA hospitals stubbornly lag the legacy CHS
hospitals in volume performance, although the gap has been
incrementally closing.

Progress in Resolution of Legal Issues: CHS has been dealing with
government investigations and lawsuits related to the issue of
short-stay hospital admissions.  CHS has made good progress in
resolving the legal issues facing the legacy CHS hospitals, which
did not involve financial fines significant enough to threaten
financial flexibility and provided some comfort that the scope of
the potential HMA fines or penalties will be similarly manageable.

                          KEY ASSUMPTIONS

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

   -- Top-line growth of negative 5.3% and negative 8.7% in 2016
      and 2017, respectively, reflects completed and planned
      hospital divestitures. Underlying same-hospital growth of
      2%-3% is driven primarily by pricing.

   -- EBITDA before deduction of non-controlling interest of
      $2.38 billion and $2.26 billion in 2016 and 2017,
      respectively, assumes that operating EBITDA margin recovers
      about 50 bps by the end of 2017 versus the June 30, 2016,
      latest 12 months (LTM) level, mostly as the result of
      divesting less profitable hospitals.

   -- FCF margin recovers to 1.4% in 2016 and 2.5% in 2017,
      benefiting from lower cash interest expense due to debt re-
      payment, and lower capital intensity based on management's
      projections for capital expenditures of about 4% of revenues

      in 2016.

   -- The company divests another 12 hospitals in late 2016,
      raises net proceeds of $850 million and uses the cash to
      repay debt; thereafter, debt levels are fairly constant
      through the projection period assuming minimal cash towards
      acquisitions and share repurchases.

   -- Total debt/EBITDA is sustained between 6.0x and 6.5x.

                       RATING SENSITIVITIES

Maintenance of the 'B' Issuer Default Rating (IDR) considers CHS
maintaining total debt/EBITDA at or below 6.5x, an operating EBITDA
margin of at least 12% and an FCF margin of 1%-2%.  A downgrade
could result from leverage sustained above 6.5x and a breakeven FCF
margin.  Risks to the operating outlook include the inability of
management to execute on operational improvements necessary to
improve organic volume growth and profitability.  This could be
evidenced by difficultly completing the remaining planned
divestitures and associated debt pay-down, negative growth in
organic adjusted admissions, and/or lack of progress toward
resolution of HMA's legal issues.]

                             LIQUIDITY

At June 30, 2016, sources of liquidity included $461 million of
cash on hand, $935 million of available capacity on the senior
secured credit facility cash flow revolver and LTM FCF of about $64
million.  CHS's EBITDA/interest paid is solid for the 'B' rating
category at 3.3x and the company had adequate operating cushion
under the bank facility financial maintenance covenants, one of
which requires net secured debt leverage maintained at or below
4.25x.  Despite a forecasted decline in EBITDA, Fitch expects the
company to remain in compliance with the financial maintenance
covenants through the projection period.  Upcoming debt maturities
include the A/R facility maturing in 2017 with $673 million
outstanding at June 30, 2016, and $1.5 billion in bank term loans
and $700 million of secured notes maturing in 2018.

FULL LIST OF RATING ACTIONS

Fitch has downgraded these ratings:

Community Health Systems, Inc.:
   -- IDR to 'B' from 'B+'.

CHS/Community Health Systems, Inc.:
   -- Senior secured credit facility to 'BB-/RR2' from 'BB/RR2';
   -- Senior secured notes to 'BB-/RR2' from 'BB/RR2';
   -- Senior unsecured notes to 'B/RR4' from 'B+/RR4'.

The 'B+' IDR of CHS/Community Health Systems, Inc. has been
withdrawn.

The Rating Outlook is Stable.

The 'BB-/RR2' rating for CHS's secured debt (which includes the
bank term loans, revolver and senior secured notes) reflects
Fitch's expectations for 72% recovery under a hypothetical
bankruptcy scenario.  The 'B/RR4' rating on CHS's $6.1 billion
senior unsecured notes reflects Fitch's expectations for principal
recovery of 36%.

In the U.S. healthcare sector, Fitch consistently uses a
going-concern approach to valuation as opposed to assuming a
liquidation value; intrinsic value is assumed to be greater than
liquidation value for these companies, implying that the most
likely outcome post-default would be reorganization rather than
liquidation.

The going-concern cash flow (measured by EBITDA) estimate assumes
an initial deterioration that provokes a default, which is somewhat
offset by corrective actions that would take place during
restructuring.  Fitch assumes a 37% discount to its 2016 forecasted
EBITDA less distributions to non-controlling interests of $2.3
billion for CHS, resulting in a post-default cash flow estimate of
$1.4 billion.

Fitch applies a 7x multiple to CHS's post-default cash flow
estimate of $1.4 billion, resulting in a going concern enterprise
value (EV) of $10.1 billion.  The 7x multiple is based on
observation of both recent transactions/takeout and public market
multiples in the healthcare industry.  Administrative claims are
assumed to consume 10%, or about $1 billion of going concern EV,
which is a standard assumption in Fitch's recovery analysis.  Also
standard in its analysis, Fitch assumes that CHS would fully draw
the $1 billion available balance on its bank credit revolver in a
bankruptcy scenario and includes that amount in the claims
waterfall.

Fitch applies a waterfall analysis to the going-concern EV based on
the relative claims of the debt in the capital structure.  Fitch
estimates EV available for claims of $9 billion, net of a standard
assumption of 10% for administrative claims.  At June 30, 2016,
about 60% of consolidated net revenue resides in the guarantor
group, so Fitch assumes that 60% of the going-concern EV, or $5.4
billion, is recovered by first-lien secured holders, leaving $3.6
billion of non-collateral value to be distributed to unsecured
claimants.  Based on $9.5 billion of total secured claims (which
includes the bank term loans, revolver and senior secured notes),
the resulting first-lien secured deficiency claim of $4.1 billion
is added to $6.1 billion of senior unsecured claims, resulting in
$10.2 billion of total unsecured claims, recovery of which is
assumed on a pro rata basis.


CONOCOPHILLIPS CO: Egan-Jones Cuts Sr. Unsecured Ratings to BB+
---------------------------------------------------------------
Egan-Jones Ratings Company downgraded the senior unsecured ratings
on debt issued by ConocoPhillips to BB+ from BBB- on Aug. 9, 2016

Headquartered in Houston, Texas, ConocoPhillips Co. is an American
multinational energy corporation and a large independent pure-play
exploration and production company.


CONTROL SYSTEMS: To Set Aside $300K to Pay Unsecured Claims
-----------------------------------------------------------
Control Systems Design and Automation, Inc., filed a Chapter 11
plan of reorganization that proposes to set aside $300,000 to pay
unsecured creditors.

Under the plan, creditors of Class 4 unsecured claims will be paid
pro rata, without interest.  These creditors will receive a monthly
payment of $5,000 over a term of 60 months for a total of
$300,000.

Control Systems estimates that the total amount of Class 4 claims
is about $1.94 million, according to the company's disclosure
statement filed with the U.S. Bankruptcy Court for the Western
District of Kentucky.

A copy of the disclosure statement is available for free at
https://is.gd/nRbj2e

Control Systems is represented by:

     Mark H. Flener, Esq.
     Law Office of Mark H. Flener
     1143 Fairway Street, Suite 1
     P.O. Box 0008
     Bowling Green, Kentucky 42102-0008
     Telephone: (270) 783-8400
     Facsimile: (270) 783-8872
     Email: mark@flenerlaw.com

                  About Control Systems Design

Control Systems Design and Automation, Inc. provides electrical and
mechanical engineering services to factories.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. W. D. Ky. Case No. 16-10373) on April 20, 2016.  The
petition was signed by Robert Scheidegger, authorized
representative.  

The case is assigned to Judge Joan A. Lloyd.

At the time of the filing, the Debtor disclosed $518,289 in assets
and $2.24 million in liabilities.


CORBERTT RAY LANDRY: Sept. 8 Plan Confirmation Hearing
------------------------------------------------------
September 8, 2016, at 10:30 am, is fixed for the hearing on
confirmation of the Chapter 11 Small Business Plan filed by Corbett
Ray Landry.

September 1, 2016, is fixed as the last day for filing written
acceptances or rejections of the plan and the last day for filing
and serving written objections to the disclosure statement and
confirmation of the plan

Corbertt Ray Landry filed a Chapter 11 petition (Bankr. W.D. La.
Case No. 16-20240) on March 23, 2016, and is Gerald J. Casey, Esq.


COWAN ROAD: Court Extends Plan Filing Date to Sept. 22
------------------------------------------------------
Judge Katharine M. Samson of the the U.S. Bankruptcy Court for the
Southern District of Mississippi extends by 45 days to Sept. 22,
Cowan Road and Highway 90, LLC's time for filing a plan of
reorganization and a disclosure statement.

Judge Samson also grants the Debtor a concomitant extension of 45
days in which to obtain Plan confirmation.

The Troubled Company Reporter previously reported that the Debtor
asked for a 45-days extension of its exclusivity periods to allow
the Debtor an opportunity to fully consider its options and, if it
determines a Disclosure Statement and proposed Plan of
Reorganization in each case is feasible, to formulate and file the
proposed Plans and Disclosure Statements.  

The Debtor has also related that it has been in negotiations with
various creditors and making determinations to allow it to finalize
many matters with regard to Disclosure Statements and proposed
Plans to be filed. In addition, the automatic stay has been lifted
with respect to Priority One Bank in both cases, and the motion to
sell property to generate funds for payment to creditors was denied
in the Cowan bankruptcy case, so no decision has been made by the
Debtor and its counsel as to whether a reorganization in either
case is possible.

The Debtors' Counsel:

      Craig M. Geno, Esq.
      Jarret P. Nichols, Esq.
      LAW OFFICES OF CRAIG M. GENO, PLLC
      587 Highland Colony Parkway
      Ridgeland, MS 39157
      Tel: (601) 427-0048
      Fax: (601) 427-0050
      Email: cmgeno@cmgenolaw.com

           About Cowan Road & Highway 90

Cowan Road and Highway 90, LLC, filed a Chapter 11 petition (Bankr.
S.D. Miss. Case No. 15-52053) on Dec. 14, 2015. Judge Katharine M.
Samson is assigned to the case.

The Debtor is represented by Craig M. Geno, Esq., at the law
Offices of Craig M. Geno, PLLC.

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

The petition was signed by Michael T. Long, member/manager.


CRYOPORT INC: Files Tender Offer Statement With SEC
---------------------------------------------------
Cryoport, Inc., filed with the Securities and Exchange Commission a
tender offer statement on Schedule TO in connection with the
Company's offer to holders of its outstanding warrants to purchase
one share of common stock at an exercise price of $3.57 per share
to exchange such Original Warrants for:

    (1) an equal number of warrants to purchase one share of   
        common stock at an exercise price of $1.50 per share,
        conditioned upon the immediate exercise of such New
        Warrants; and

    (2) one warrant to purchase one share of common stock at an
        exercise price of $3.00 per share for every four New
        Warrants exercised.

The Offer was being made upon the terms and subject to the
conditions set forth in the offer letter/prospectus, dated
Aug. 11, 2016, which forms part of the Registration Statement on
Form S-4 filed by the Company with the Securities and Exchange
Commission on Aug. 11, 2016.

The Warrants were issued (i) in July 2015 in connection with the
Company's registered public offering of 2,090,750 units (each unit
consisting of one share of the Company's common stock and one
Original Warrant), and (ii) in January 2016 in connection with the
mandatory exchange of all of the Company's outstanding Class A
Convertible Preferred Stock and Class B Convertible Preferred Stock
into 4,977,038 units (each unit consisting of one share of the
Company’s common stock and one Original Warrant).  The Original
Warrants were exercisable upon issuance and expire on July 29,
2020.  As of Aug. 9, 2016, the Company had 7,067,788 Original
Warrants outstanding.

Jerrell W. Shelton, chairman, president and chief executive of the
Company, holds 80,558 Original Warrants (representing approximately
1.1% of the Original Warrants) and Dr. Robert Hariri, a director of
the Company, holds 15,300 Original Warrants (representing less than
1% of the Original Warrants).  Mr. Shelton and Dr. Hariri are
eligible to participate in the Offer on the same terms and
conditions as the other holders of the Original Warrants.  On Aug.
10, 2016, the Company entered into a letter agreement with each of
Mr. Shelton and Dr. Hariri pursuant to which each agreed not to
participate in the Offer.

A full-text copy of the regulatory filing is available at:

                       https://is.gd/zRe79d

                           About Cryoport

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

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

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

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


CRYOPORT INC: Launches Warrants Exchange Offer
----------------------------------------------
Cryoport, Inc., commenced on Aug. 11, 2016, an exchange offer with
respect to the Company's outstanding warrants to purchase one share
of common stock at an exercise price of $3.57 per share.  For a
limited period of time, the Company is offering to holders of the
Original Warrants the opportunity to exchange such Original
Warrants for (1) an equal number of warrants to purchase one share
of common stock at an exercise price of $1.50 per share,
conditioned upon the immediate exercise of such New Warrants, and
(2) one warrant to purchase one share of common stock at an
exercise price of $3.00 per share for every four New Warrants
exercised.  The Offer is being made upon the terms and subject to
the conditions set forth in the offer letter/prospectus, dated Aug.
11, 2016, which forms part of the Registration Statement on Form
S-4 filed by the Company with the Securities and Exchange
Commission on Aug. 11, 2016, and the related letter of
transmittal.

The Original Warrants were issued (i) in July 2015 in connection
with the Company's registered public offering of 2,090,750 units
(each unit consisting of one share of the Company's common stock
and one Original Warrant), and (ii) in January 2016 in connection
with the mandatory exchange of all of the Company's outstanding
Class A Convertible Preferred Stock and Class B Convertible
Preferred Stock into 4,977,038 units (each unit consisting of one
share of the Company’s common stock and one Original Warrant).
As of August 11, 2016, 7,067,788 Original Warrants are
outstanding.

The terms of the New Warrants include (i) an exercise price of
$1.50 per share and (ii) an exercise period that will expire
concurrently with the expiration of the Offer at 5:00 p.m. (Eastern
Time) on Sept. 16, 2016, as may be extended by the Company in its
sole discretion.  In addition, the shares issuable upon exercise of
the New Warrants will be subject to a 60-day lock-up period.

The Supplemental Warrants are exercisable at an exercise price of
$3.00 per share and are exercisable upon issuance. The Supplemental
Warrants expire on the earlier of (i) three years after the date of
issuance and (ii) the thirtieth (30th) day after the date that the
closing price of the Company’s common stock equals or exceeds
$4.50 for ten consecutive trading days.

The purpose of the Offer is to raise funds to support the
Company’s operations by providing the holders of the Original
Warrants an incentive to exchange their Original Warrants for New
Warrants and Supplemental Warrants, and exercise the New Warrants
to purchase shares of the Company's common stock at a significantly
reduced exercise price as compared to the Original Warrants.  The
Company will receive all of the proceeds from the immediate
exercise of the New Warrants, which will be used by the Company for
business growth, including as working capital and for other general
corporate purposes.

In addition, the Company is seeking stockholder approval of the
Offer in order to comply with Nasdaq Listing Rule 5635(d).  If
stockholder approval of the Offer is not obtained, the Company will
be limited in the amount of New Warrant Shares that it could
potentially issue in connection with the Offer to 19.999% of the
Company's issued and outstanding common stock at the time of
issuance (or an estimated 3,023,944 shares based on 15,120,479
shares of common stock outstanding as of August 9, 2016, or the
"Nasdaq Limit").  If the aggregate number of New Warrant Shares to
be issued for all holders participating in the Offer is greater
than the Nasdaq Limit, then each of the participating holder's
number of Original Warrants tendered will be reduced on as close to
a pro rata basis as is possible.

Participation in the Offer requires both the tender of Original
Warrants and the exercise of the New Warrants, which will happen
simultaneously effective as of the expiration date of the Offer if
the Original Warrants are properly tendered in the Offer.

                           About Cryoport

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

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

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

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


CRYSTAL LAKE: Can Use Cash Collateral on an Interim Basis
---------------------------------------------------------
Judge Christopher J. Panos of the U.S. Bankruptcy Court for the
District of Massachusetts authorized Crystal Lake Golf Club LLC to
use cash collateral on an interim basis.

Secured creditors Pentucket Bank and the Internal Revenue Service
each asserted that they have a security interest and/or lien
covering the Debtor's assets.

The approved Budget for August 2016 provides for total projected
expenses in the amount of $98,560.

The secured creditors were granted replacement liens on the same
types of post-petition property of the estate against which they
held liens as of the Petition Date, of the same priority, validity
and enforceability as the Secured Creditors held on Pre-Petition
Cash Collateral.

The Debtor was authorized to pay the real estate taxes of the City
of Haverhill, with respect to the Open Space Property, when due in
accordance with the approved Budget.

The final hearing on the continued use of cash collateral is
scheduled on August 18, 2016 at 11:15 a.m.  The deadline for the
filing of objections is set on August 17, 2016.
    
A full-text copy of the Interim Order, dated August 5, 2016, is
available at https://is.gd/Y51GS3

                   About Crystal Lake Golf Club

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


CRYSTAL LAKE: Submission of Revised Proposed Order Required
-----------------------------------------------------------
Judge Christopher J. Panos of the U.S. Bankruptcy Court for the
District of Massachusetts directed Crystal Lake Golf Club, LLC's
counsel to submit a revised proposed Order.

Judge Panos directed the filing of a Notice of Proposed Final Form
of Order on the Use of Cash Collateral, with a copy of the proposed
Order along with a proposed Budget no later than Aug. 15, 2016.

A hearing on the further use of cash collateral is scheduled on
Aug. 18, 2016 at 11:15 a.m.  The deadline for the filing of
objections to the use of cash collateral is set on Aug. 17, 2016,
at 12:00 p.m.

A full-text copy of the Order, dated August 4, 2016, is available
at https://is.gd/j1KBl9

                 About Crystal Lake Golf Club

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


CS MINING: Wants to Continue Cash Management System Use
-------------------------------------------------------
CS Mining, LLC, asks the U.S. Bankruptcy Court for the District of
Utah for authorization to continue using its cash management
system.

The Debtor wants to continue using its current cash management
system, existing bank accounts and business forms, and wants
authorization to open and close bank accounts.  The Debtor also
wants authorization for Wells Fargo Bank, N.A. to honor certain
transfer and charge bank fees and other amounts.

The Debtor relates that before the Relief Date, in the ordinary
course of its business, it used a centralized cash management
system to collect, transfer and disburse funds generated by its
operations and to accurately record all such transactions as they
were made.  It further relates that the Cash Management System
provides a unified system for the Debtor that allows for an
integrated method of accounting for revenues and expenses to be
collected and paid.

The Debtor tells the Court that the Cash Management System
comprises three bank accounts maintained at Wells Fargo Bank:

     (a) Operating Account: This is the Debtor's lone operating
account and is used for all cash management activities.  The
Operating Account receives all deposits, including payments from
any of the Debtor's customers, and is also used for all
disbursements, including payment of the Debtor's employees.

     (b) CapEx Account: This was initially established by the
Debtor as the account from which capital expenditures would be made
by the Debtor.  The Debtor now makes any such payments from the
Operating Account and the CapEx Account is no longer actively used
and does not contain any funds as of the Relief Date.

     (c) Phase II Project Account:  This was the account used for
collections and disbursements related to a project expansion
involving construction of an agitated leach, solvent extraction and
electrowinning facilities, known as the Phase II Project.  The
Phase II Project has been completed and the Phase II Project
Account is no longer actively used and does not contain any funds
as of the Relief Date.

The Debtor requests, among other things, a waiver of certain
operating guidelines established by the Office of the U.S. Trustee
that would otherwise require the Debtor to close the Bank Accounts,
open new "Debtor-in-Possession” accounts and order new business
forms and stationery.

A full-text copy of the Debtor's Motion, dated Aug. 5, 2016, is
available at https://is.gd/EUhvCQ

                        About CS Mining

CS Mining, LLC, is a mining and processing company headquartered in
Milford, Utah.

Purported creditors R.J. Bayer Professional Geologist, LLC;
Minerals Advisory Group, LLC; Rollins Construction & Trucking, LLC;
Rollins Machine, Inc.; and Oxbow Sulphur, Inc., filed an
involuntary petition to put the Company into Chapter 11 bankruptcy
(Bankr. D. Utah Case No. 16-24818) on June 2, 2016.  Brahma Group,
Inc. subsequently joined the petition.

Judge William T. Thurman presides over the case.

The Petitioners are represented by Martin J. Brill, Esq., at
Levene, Neale, Bender, Yoo & Brill L.L.P and George B. Hofmann,
Esq., at Cohne Kinghorn PC.

CS Mining tapped David E. Leta, Esq., Troy J. Aramburu, Esq., and
Jeff D. Tuttle, Esq., at Snell & Wilmer L.L.P. as local counsel,
and Donald J. Detweiler, Esq., Francis J. Lawall, Esq., and John B.
Schanne II, Esq., at Pepper Hamilton LLP as its legal counsel, nunc
pro tunc to June 2, 2016.


CS MINING: Wants to Obtain DIP Financing From Wellington
--------------------------------------------------------
CS Mining, LLC, asks the U.S. Bankruptcy Court for the District of
Utah for authorization to obtain postpetition financing and use
cash collateral.

The DIP Facility contains, among others, these relevant terms:

     (a) DIP Lender: Wellington Financing Partners, LLC, Waterloo
Street Limited, and any other current investors of Skye Mineral
Partners or the Debtor who decide to participate in the DIP
Facility.

     (b) GAP Facility Repayment: A $675,000 loan extended by
Wellington to Debtor to fund amounts due and owing to attorneys,
advisors and other parties necessary for the Debtor to transition
the Case from an involuntary petition to a voluntary bankruptcy
case.

     (c) DIP Facility: Term loan facility in the aggregate
principal amount of up to $7,675,000.  Of the total DIP Facility
Commitment, Wellington will commit to lend $4.175 million and
Waterloo will commit to lend $3.5 million, which amounts shall be
reduced by pro rata by the amount that any other DIP Lender commits
to lend.

     (d) Purpose: For the payment of:

          (1) post-petition operating expenses and other working
capital requirements of the Debtor, limited expressly to those
costs and expenses that are necessary for the Debtor to:

               (i) effect a cold shutdown of its processing
facility and to maintain the processing facility and related assets
in Care and Maintenance Mode; and

               (ii) perform exploration and resource valuation in
an amount not to exceed $2.5 million;

          (2) repayment of the Gap Facility, provided that the Gap
Facility will be repaid from funds advanced to the Debtor by
Wellington, and

          (3) budgeted costs and expenses incurred in administering
the Case, including, without limitation, payment of transaction
costs, fees, and expenses in connection with the DIP Facility and
Sale Process, provided that only up to $25,000 in the aggregate of
the proceeds of the DIP Facility may be used by the Debtor or any
committee appointed in the Case to investigate any potential claims
or causes of action against the DIP Lender Parties.

     (e) Maturity Date: The earliest of:

          (1) June 1, 2017;

          (2) the effective date of a confirmed plan of
reorganization in the Case pursuant to chapter 11 of the Bankruptcy
Code;

          (3) the date of acceleration of the DIP Facility
following the occurrence and during the continuance of an Event of
Default; or

          (4) the effective date of the closing of a sale of all or
substantially all of the assets of the Debtor.

     (f) Interest: 7.8% per annum.

     (g) Security:  All obligations of the Debtor under the DIP
Facility shall be secured by perfected, valid, binding,
enforceable, non-avoidable, first priority, priming liens, senior
to the Prepetition Liens and any new adequate protection Liens, on
all assets of the Debtor.

     (h) Superpriority: All obligations of the Debtor under the DIP
Facility shall constitute allowed superpriority administrative
expense claims.

     (i) Carve-Out:  The Carve-Out shall mean:

          (1) allowed, accrued, but unpaid professional fees and
expenses of the Debtor and any official committee appointed in the
Case;
          
          (2) allowed, accrued, but unpaid fees and expenses of any
trustee, not to exceed $25,000 in the aggregate;

          (3) allowed, accrued, but unpaid professional fees and
expenses of the Debtor and any Committee after the delivery of a
Carve-Out Notice, not to exceed $50,000 in the aggregate;

          (4) the payment of fees pursuant to 28 U.S.C. Section
1930, plus any interest pursuant to 31 U.S.C. Section 3717, and
amounts associated with a wind down of the Debtor following the
consummation of the Sale Process, not to exceed $50,000 in the
aggregate.

     (j) Milestones:  The Debtor shall begin a marketing process
for all or substantially all of its assets consistent with the
following milestones:

          (1) on or before November 15, 2016, receive initial
expressions of interest from potential purchasers or investors;

          (2) on or before December 15, 2016, receive final,
binding offers of purchase and/or investment from potential
purchasers and/or investors;

          (3) on or before December 31, 2016, receive approval from
the Bankruptcy Court to enter into a purchase and sale agreement or
other agreement related to a sale and/or investment transaction;
and

          (4) on or before January 15, 2017, complete the sale
and/or investment transaction contemplated by the Transaction
Agreements.

The Debtor's proposed Budget covers a 13-week period, starting on
the week beginning August 1, 2016 and ending on the week beginning
October 24, 2016.  The Budget provides for total operating costs in
the amount of $1,365,000.

The following lenders, among others, asserted varying secured
claims and liens against the Debtor, prior to the Involuntary
Petition Date:

             LENDER                     PRINCIPAL AMOUNT
             ------                     ----------------
      Skye Mineral Partners, LLC           $24,024,357

      Western Utah Mineral Investors       $20,500,000

      Noble Americas Corporation/          $30,000,000
      Waterloo Financial

The Prepetition Secured Indebtedness is secured by liens on
substantially all of the Debtor's assets, including cash
collateral.   

The Debtor borrowed an aggregate amount of $700,000 from Wellington
and Broadbill pursuant to certain promissory notes, as of the
Relief Date.  The Debtor relates that of the $1,675,000 Interim DIP
Loan that Wellington will be funding to the Debtor, $600,000 will
be used to repay the Gap Funding.

The Debtor tells the Court that without  access to the Cash
Collateral and the proposed secured debtor in possession financing
facility, the Debtor will not have sufficient liquidity from
unencumbered property to operate its business during the chapter 11
case.

A full-text copy of the Debtor's Motion, dated August 5, 2016, is
available at https://is.gd/yohIge

                        About CS Mining

CS Mining, LLC, is a mining and processing company headquartered in
Milford, Utah.

Purported creditors R.J. Bayer Professional Geologist, LLC;
Minerals Advisory Group, LLC; Rollins Construction & Trucking, LLC;
Rollins Machine, Inc.; and Oxbow Sulphur, Inc., filed an
involuntary petition to put the Company into Chapter 11 bankruptcy
(Bankr. D. Utah Case No. 16-24818) on June 2, 2016.  Brahma Group,
Inc. subsequently joined the petition.

Judge William T. Thurman presides over the case.

The Petitioners are represented by Martin J. Brill, Esq., at
Levene, Neale, Bender, Yoo & Brill L.L.P and George B. Hofmann,
Esq., at Cohne Kinghorn PC.

CS Mining tapped David E. Leta, Esq., Troy J. Aramburu, Esq., and
Jeff D. Tuttle, Esq., at Snell & Wilmer L.L.P. as local counsel,
and Donald J. Detweiler, Esq., Francis J. Lawall, Esq., and John B.
Schanne II, Esq., at Pepper Hamilton LLP as its legal counsel, nunc
pro tunc to June 2, 2016.


CTI BIOPHARMA: FMR LLC Reports 1.8% Equity Stake as of Aug. 9
-------------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission on Aug. 9, 2016, FMR LLC and Abigail P. Johnson
disclosed that they beneficially owned 5,122,260 shares of common
stock of CTI Biopharma Corp. representing 1.810% of the shares
outstanding.  A full-text copy of the regulatory filing is
available for free at https://is.gd/3t8BAn

                     About CTI BioPharma

CTI BioPharma Corp. (NASDAQ and MTA: CTIC) --
http://www.ctibiopharma.com/-- formerly known as Cell
Therapeutics, Inc., is a biopharmaceutical company focused on
the acquisition, development and commercialization of novel
targeted therapies covering a spectrum of blood-related cancers
that offer a unique benefit to patients and healthcare providers.
The Company has a commercial presence in Europe and a late-stage
development pipeline, including pacritinib, CTI's lead product
candidate that is currently being studied in a Phase 3 program for
the treatment of patients with myelofibrosis.  CTI BioPharma is
headquartered in Seattle, Washington, with offices in London and
Milan under the name CTI Life Sciences Limited.

CTI Biopharma reported a net loss attributable to common
shareholders of $122.62 million on $16.11 million of total revenues
for the year ended Dec. 31, 2015, compared to a net loss
attributable to common shareholders of $96.0 million on $60.07
million of total revenues for the year ended Dec. 31, 2014.

As of March 31, 2016, CTI Biopharma had $123 million in total
assets, $68.7 million in total liabilities and $54.7 million in
total shareholders' equity.

The Company's independent registered public accounting firm
included an explanatory paragraph in its reports on its
consolidated financial statements for each of the years ended
Dec. 31, 2007, through Dec. 31, 2011, and for the year ended
Dec. 31, 2014, regarding their substantial doubt as to the
Company's ability to continue as a going concern.  The Company said
that although its independent registered public accounting firm
removed this going concern explanatory paragraph in its report on
our Dec. 31, 2015, consolidated financial statements, the Company
expects to continue to need to raise additional financing to fund
its operations and satisfy obligations as they become due.
According to the Company, the inclusion of a going concern
explanatory paragraph in future years may negatively impact the
trading price of its common stock and make it more difficult, time
consuming or expensive to obtain necessary financing, and the
Company cannot guarantee that it will not receive such an
explanatory paragraph in the future.


D&E GENERAL: Authorized to Use 1115 Hunters Cash Collateral
-----------------------------------------------------------
Judge Suzanne H. Bauknight of the U.S. Bankruptcy Court for the
Eastern District of Tennessee authorized D&E General Partnership to
use cash collateral on a final basis.

1115 Hunters, LLC, holds a security interest on the Debtor's
property which would include cash collateral received by the Debtor
for rents.

Judge Bauknight authorized the Debtor to use cash collateral for
ordinary and reasonable business expenses and to escrow $3,500 a
month to an agent or trust account maintained by Hodges, Doughty &
Carson, PLLC for professional fees and expenses.

The approved monthly Budget provides for total expenses in the
amount of $19,325.

1115 Hunters was granted a replacement lien on the Escrow for
professional fees and expenses, except to the extent that the Court
allows any professional fees and expenses and any U.S. Trustee fees
required to be paid, which are not budgeted.  1115 Hunters was also
granted a replacement lien to the same extent, validity, and
priority that existed prepetition in all property of the bankruptcy
estate presently securing the indebtedness owed to it, and in the
Debtor's accounts receivable from leasehold tenants.

The Debtor was directed to continue making monthly adequate
protection payments to 1115 Hunters in the amount of $4,200.

A full-text copy of the Order, dated August 4, 2016, is available
at https://is.gd/a05F3i

1115 Hunters, LLC is represented by:

          Maurice Guinn, Esq.
          GENTRY, TIPTON & MCLEMORE, PC
          900 S. Gay Street, Suite 2300
          Knoxville, TN 37902
          Telephone: (865)525-5300

                   About D&E General Partnership

D&E General Partnership filed a chapter 11 petition (Bankr. E.D.
Tenn. Case No. 16-31625) on May 24, 2016.  The petition was signed
by David Murray Dunlap, authorized representative. The Debtor is
represented by Greg Marret, Esq., at Marret & Company, PLLC.  The
case is assigned to Judge Suzanne H. Bauknight. The Debtor
estimated both assets and liabilities in the range of $1 million to
$10 million at the time of the filing.


DAKOTA MERGER: S&P Assigns 'B+' Rating on $400MM Sr. Sec. Notes
---------------------------------------------------------------
S&P Global Ratings assigned its 'B+' issue-level rating and '2'
recovery rating to Diamond Resorts International Inc. subsidiary
borrower Dakota Merger Sub Inc.'s proposed $400 million senior
secured notes due 2023.  The '2' recovery rating indicates S&P's
expectation for substantial (70% to 90%; lower half of the range)
recovery for lenders in the event of a payment default.  The
issue-level rating is one notch above S&P's 'B' corporate credit
rating on Diamond.

Diamond has shifted the sizing of its debt tranches that will fund
its $2.2 billion acquisition by affiliates of funds managed by
Apollo Global Management LLC.  The company has announced that it
has downsized its proposed term loan B facility to $800 million
from $1.2 billion and will issue $400 million in senior secured
notes that will rank pari passu with the term loan B.  Although
there is a very modest increase in debt outstanding under S&P's
default scenario, there is less amortizing debt in the capital
structure because of the shift, so there is minimal impact to
recovery prospects on the secured debtas a result of the funding
mix shift.  S&P anticipates the company will prioritize cash flow
to repay debt over the near term, potentially improving recovery
prospects.  In addition, S&P's 'CCC+' issue-level rating and '6'
recovery rating on the company's proposed $600 million senior
unsecured notes issue due 2024 are unchanged.

                         RECOVERY ANALYSIS

Key analytical factors

   -- S&P's simulated default scenario contemplates a default
      occurring in 2019 due to a severe economic downturn and
      tightening of consumer credit markets that result in
      substantially lower demand for Diamond's products.  S&P also

      assumes illiquidity in the financial markets for timeshare
      securitizations and conduit facilities.

   -- S&P believes that if Diamond were to default, it would
      continue to have a viable business model, given the
      stability in the hospitality and management business segment

      and S&P's belief that the company's flexibility of points is

      comparatively more attractive to consumers than interval
      weeks.  S&P valued the company at a 5.5x emergence EBITDA,
      based on the scale of its resort network.

Simulated default assumptions

   -- Simulated year of default: 2019
   -- EBITDA at emergence: $175 million
   -- EBITDA multiple: 5.5x

Simplified waterfall

   -- Net enterprise value (after 5% administrative costs):
      $915 million
   -- Secured first-lien debt: $1,315 million
      -- Recovery expectation: 70%-90% (lower half of the range)
   -- Unsecured debt and senior secured deficiency claims:
      $1,030 million*
      -- Recovery expectation: 0%-10%

Note: All debt amounts include six months of prepetition interest.
*Includes secured debt not satisfied by the net enterprise value.

RATINGS LIST

Diamond Resorts International Inc.
Corporate Credit Rating              B/Stable/-

New Rating

Dakota Merger Sub Inc.
$400 mil. notes due 2023
Senior Secured                      B+
  Recovery Rating                    2L


DAYTON SUPERIOR: S&P Lowers CCR to 'B-', Outlook Negative
---------------------------------------------------------
S&P Global Ratings said that it has lowered its corporate credit
rating on Dayton Superior Corp. to 'B-' from 'B'.  The outlook is
negative.

"The downgrade is based on Dayton's unfavorable debt maturity
profile and its major upcoming debt maturity in December 2017,
which has increased its refinancing risk and raised the prospect
that the company will have insufficient liquidity to repay the debt
if is not refinanced prior to maturity," said S&P Global credit
analyst Vania Dimova.

The negative outlook on Dayton reflects the increased risk that the
company will need to undertake a refinancing and the fact that S&P
could revise its assessment of its liquidity to weak in December
2016 if its term loan is not refinanced before it becomes current
on Dec. 28, 2016.

S&P could lower its ratings on Dayton if the company is unable to
refinance its debt by December 2016.  S&P could also lower the
ratings if weaker-than-expected market conditions, operational
problems, or increased debt to fund shareholder returns or growth
initiatives causes its leverage metric to exceed 8x.

S&P would likely upgrade the company if it refinances its December
2017 term loan maturity with a multi-year facility, assuming
Dayton's operating performance remains consistent with S&P's
forecast and its adjusted debt leverage remains below 8x (including
the preferred equity as debt).


DELL INC: Can Use Cash Collateral to Pay Prepetition Wages
----------------------------------------------------------
Judge William J. Fisher of the U.S. Bankruptcy Court for the
District of Minnesota authorized Dell, Inc., d/b/a Quality RV to
use cash collateral, on an interim basis, to pay the Debtor's
employees their prepetition wages, payable Aug. 5, 2016, in an
amount not to exceed $17,000.

Judge Fisher acknowledged that the use of cash collateral to make
the payment is necessary to avoid immediate and irreparable harm to
the estate, pending a final hearing.

The Debtor was authorized to grant NextGear Capital, Inc., the
First National Bank of Elk River, NorthPoint Commercial Financial,
LLC and TCF Inventory Finance, Inc. replacement liens on all assets
of the Debtor-In-Possession to the extent of use of cash
collateral, which replacement liens shall have the same priority,
dignity and effect as the prepetition liens held by said creditors.
The Debtor's bankruptcy causes of action were excluded from the
replacement liens.

A further interim hearing on the Debtor's Cash Collateral Motion is
scheduled on Aug. 10, 2016.

A full-text copy of the Order, dated August 4, 2016, is available
at https://is.gd/c5lQEB

                 About Dell, Inc., d/b/a Quality RV

Dell, Inc. d/b/a Quality RV filed a chapter 11 petition (Bankr. D.
Minn. Case No. 16-42287) on Aug. 1, 2016.  The petition was signed
by Todd D. Olson, chief executive officer.  The Debtor is
represented by Steven B. Nosek, Esq., at Steven Nosek, P.A.  The
case is assigned to Judge William J. Fisher.  The Debtor estimated
assets at $0 to $50,000 and debts at $1 million to $10 million at
the time of the filing.


DONALD ZISCHKE: Selling Henderson Property to Moreno for $363K
--------------------------------------------------------------
Donald (deceased) and Edna Zischke ask the U.S. Bankruptcy Court
for the District of Nevada to authorize the sale of Debtors' real
property located at 980 Mary Crest Road, Unit D, Henderson, Nevada
to Miguel Moreno or his assignee for $362,500.

The sale will result in payment of all commissions, fees, escrow
and title charges as customary pursuant to the agreement contained
in the Seller's Estimated Settlement Statement and the Preliminary
Title Report.

Attorney's fees to Thomas E. Crowe Professional Law Corp. in the
amount of $4,000, will be paid from funds from the sale of the
house.

The existing Deed of Trust will be released upon payment in full
under the terms of the confirmed Chapter 11 Plan in the amount
required thereby.

The proceeds for Debtor and lien holders will be forwarded to
Attorney for Debtor in trust to be used to complete payment of the
Debtor's Plan obligations. The Deed of Trust will be paid in full
within 10 days after closing of the sale and issuance of the funds
to Debtor's attorney.

A copy of the Standard Purchase and Sale Agreement, Escrow
Instructions, and Seller's Estimated Settlement Statement attached
to the Motion is available for free at:

The Debtor request that the Court waive the 14 day appeals process
if there is no objection to the sale.

Attorney for Debtor:

          Thomas E. Crowe, Esq.
          THOMAS E. CROWE PROFESSIONAL LAW CORP.
          2830 S. Jones Blvd., Ste. 3
          Las Vegas, NV 89146
          Telephone: (702) 894-0373

Donald Zischke sought the Chapter 11 protection (Bankr. D. Nev.
Case No. 12-10190) on Jan. 9, 2012.


DORAL FINANCIAL: Egan-Jones Withdraws D Sr. Unsecured Rating
------------------------------------------------------------
Egan-Jones Ratings Company withdrew the 'D' senior unsecured debt
ratings on Doral Financial Corp on July 27, 2016.

Doral Financial Corp. (the "DFC") is a holding company whose
primary operating asset was equity in Doral Bank. DFC maintains
offices in New York City, Coral Gables, Florida and San Juan,
Puerto Rico.



DOTSON PLUMBING: Plan Outline Ok'd, Confirmation Hearing on Sept. 1
-------------------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Ohio will
consider approval of the Chapter 11 plan of Dotson Plumbing and
Heating, Inc., at a hearing on September 1.  

The hearing will be held at 9:30 a.m., at the U.S. Courthouse,
Courtroom No. 1, 1716 Spielbusch Avenue, Toledo, Ohio.

The bankruptcy court had earlier issued an order approving Dotson's
disclosure statement, allowing the company to start soliciting
votes from creditors.  

The July 29 order set an August 22 deadline for creditors to cast
their votes and file their objections to the plan.  Dotson is
required to file a summary of the voting results by August 29.

                About Dotson Plumbing & Heating

Dotson Plumbing & Heating, Inc. filed a Chapter 11 petition on
September 16, 2015 (Bankr. N.D. Ohio Case No. 15-33017), and is
represented by Steven L. Diller, Esq., at Diller and Rice, LLC.

The business was originally founded in 1962 by Darrell and Doris
Dotson, and began operations as a small, hometown plumbing and
heating shop in Cridersville, Ohio. From its inception, and
continuing to the present day, the Debtor operates from a
commercial building located at 100 W Main Street in Cridersville.


DOW CORNING: 6th Cir. Affirms Summary Judgment in Silicone PI Suit
------------------------------------------------------------------
The United States Court of Appeals for the Sixth Circuit affirmed
the district court's judgment granting summary judgment to DCC
Litigation in the case captioned BEVERLY J. EZRA,
Plaintiff-Appellant, v. DCC LITIGATION FACILITY, INC.,
Defendant-Appellee, No. 15-2215 (6th Cir.).

Beverly Ezra sued DCC Litigation -- a subsidiary of Dow Corning
Corporation -- alleging that silicone raw materials manufactured by
Dow had caused her to suffer a range of health problems.  The
district court eventually struck Ezra's experts and granted summary
judgment to DCC.

A full-text copy of the Sixth Circuit's July 27, 2016 ruling is
available at https://is.gd/udRuJX from Leagle.com.

                      About Dow Corning

Dow Corning Corp. -- http://www.dowcorning.com/-- produces and
supplies more than 7,000 silicon-based products and services to
more than 25,000 customers worldwide.  Dow Corning is equally owned
by The Dow Chemical Company and Corning Incorporated.

The Company filed for Chapter 11 protection on May 15, 1995 (Bankr.
E.D. Mich. Case No. 95-20512) to resolve silicone implant-related
tort liability.  The Company owed its commercial creditors more
than $1 billion at that time.  A consensual Joint Plan of
Reorganization, amended on Feb. 4, 1999, offering to pay commercial
creditors in full with post-petition interest, establish a
multi-billion-dollar settlement trust for tort claims, and leave
Dow Corning's shareholders unimpaired, took effect on June 30,
2004.


DRAW ANOTHER CIRCLE: Store Level Employee Bonus Plan Approved
-------------------------------------------------------------
Draw Another Circle, LLC, Hastings Entertainment, Inc., and their
debtor-affiliates sought and obtained approval from the Delaware
Bankruptcy Court of their store level employee bonus plan.

The Debtors also won permission to make payments contemplated under
the Plan, up to $125,000.

The Debtors' management, in consultation with their financial
advisors at FTI Consulting, Inc., formulated a compensation plan to
incentivize Eligible Employees, whose work is critical to
preserving the inventory of the Debtors, to achieve the Debtors'
outlined sale objectives.  None of the Eligible Employees are
insiders of the Debtors, within the meaning of section 101(31)(B)
of the Bankruptcy Code.

The Debtors determined that to properly incentivize the Eligible
Employees to maximize the value for the Debtors' estates by
minimizing the amount of shrinkage at the store level, the Debtors
seek to implement a performance-based incentive plan that provides
potential performance awards to certain of the Debtors' employees
in the event that the stores achieve certain metrics related to
inventory shrinkage.  The Eligible Employees will only receive a
performance award under the Bonus Plan if
such employee remains employed with the Debtors through the
conclusion of the relevant store closing sale and the shrinkage
metrics have been achieved.

Specifically, store managers and assistant store managers would be
eligible for a $750.00 per store bonus, to be split among the store
manager and assistant store manager at the Debtors' discretion, if
the inventory count for the respective store is within 98.1% of the
units in the perpetual store inventory (a 1.9% shrink percentage).


Store managers and assistant store managers would be eligible for a
$1,000.00 per store bonus, to be split among the store manager and
assistant store manager at the Debtors' discretion, if the
inventory count for the respective store is within 99% of the units
in the perpetual store inventory (a 1% shrink percentage).

Historically, the Debtors' shrink percentage has been approximately
1.6%.  The maximum aggregate amount of incentive payments that
could be payable under the Bonus Plan is $125,000.

                     About Draw Another Circle

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

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

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

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

Andrew Vara, acting U.S. Trustee for Region 3, on June 21 appointed
seven creditors of Draw Another Circle, LLC, to serve on the
official committee of unsecured creditors.  The Official Committee
of Unsecured Creditors retained Lowenstein Sandler LLP as counsel,
FTI Consulting, Inc. as financial advisor, and BDO USA, LLP as
financial advisor.


DUPONT YARD: Can Use FSB Cash Collateral on an Interim Basis
------------------------------------------------------------
Judge Austin E. Carter of the U.S. Bankruptcy Court for the Middle
District of Georgia, authorized Dupont Yard, Inc. to use cash
collateral on an interim basis.

The Debtor was directed to make all payments to First State Bank,
which are due or became due after the Petition Date, according to
the terms and conditions of all pre-petition loan agreements in
effect as of the Petition Date.

First State Bank was authorized to continue providing funds to the
Debtor in accordance with their pre-petition line of credit
agreement.

The Debtor's right to use cash collateral will immediately
terminate in the event:

     (1) a trustee is appointed in the chapter 11 case;

     (2) the chapter 11 case is converted to a chapter 7 case; or

     (3) First State Bank, after inspecting or appraising the cash
collateral, determines that the value of the cash collateral has
decreased to less than $50,000 in excess of the total amount due to
First Savings Bank by the Debtor under all prepetition loan
agreements in effect as of the Petition Date.

Judge Carter granted each secured creditor a replacement lien and
security interest, on all prepetition Collateral subject to its
respective security interest and all its proceeds.

The Final Hearing on the Debtor's cash collateral use is scheduled
on Aug. 17, 2016 at 10:30 a.m.

A full-text copy of the Interim Order, dated August 5, 2016, is
available at https://is.gd/pH3Zod

                     About Dupont Yard

Dupont Yard, Inc. filed a chapter 11 case (Bankr. M.D. Ga. Case No.
16-70808) on August 1, 2016.  The petition was signed by Steve
Conner, CEO.  The Debtor is represented by Thomas D. Lovett, Esq.,
at Kelley, Lovett, & Blakey, P.C.  The Debtor estimated assets and
debts at $1 million to $10 million at the time of the filing.


EFT HOLDINGS: Delays Filing of June 30 Form 10-Q
------------------------------------------------
EFT Holdings, Inc., filed with the U.S. Securities and Exchange
Commission a Notification of Late Filing on Form 12b-25 with
respect to its quarterly report on Form 10-Q for the quarter ended
June 30, 2016.

"The compilation, dissemination and review of the information
required to be presented in the Quarterly Report on the Form 10-Q
for the relevant period has imposed time constraints that have
rendered timely filing of the Form 10-Q impracticable without undue
hardship and expense to the registrant.  The registrant undertakes
the responsibility to file such report no later than the fifth day
after its original prescribed due date."
   
                        About EFT Holding

California-based EFT Holdings, Inc., is primarily an e-Business
company designed around the "Business-to-Customer" concept, which
means that the Company's products are sold directly to customers
through its web site.  The Company's "Business-to-Customer" model
differs from the traditional "Business to Business" model where
products are sold to distributors who then sell the products to
ultimate customers.

EFT Holdings reported net income of $8.30 million on $441,372 of
net total revenues for the fiscal year ended Mar. 31, 2016,
compared to a net loss of $5.36 million on $967,831 of net total
revenues in the prior year.  As of Mar. 31, 2016, EFT Holdings had
$16.90 million in total assets, $16.18 million in total
liabilities, all current, and $712,802 in total equity.

Paritz & Company, P.A., raised substantial doubt about the
Company's ability to continue as a going concern, citing that the
Company has negative working capital of $9,774,297 and an
accumulated deficit of $51,997,694 at March 31, 2016.  In addition,
the Company has generated operating losses for the past two years.
These circumstances, among others, raise substantial doubt about
the Company's ability to continue as a going concern.


EIGHT MILE HOLDINGS: Voluntary Chapter 11 Case Summary
------------------------------------------------------
Debtor: Eight Mile Holdings, LLC
        971 East 8 Mile Rd.
        Hazel Park, MI 48030

Case No.: 16-51252

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: August 11, 2016

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

Judge: Hon. Mark A. Randon

Debtor's Counsel: Robert N. Bassel, Esq.
                  ROBERT BASSEL, ATTORNEY
                  P.O. Box T
                  Clinton, MI 49236
                  Tel: (248) 677-1234
                  Fax: (248) 369-4749
                  E-mail: bbassel@gmail.com

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

Estimated Liabilities: $1 million to $10 million

The petition was signed by Joel Silverstein, member.

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


ELBIT IMAGING: Receives Additional NIS 7 Million from ILA
---------------------------------------------------------
Elbit Imaging Ltd. announced that it received from the Israel Land
Administration an additional amount of approximately NIS 7 million
(in addition to the amount of approximately NIS 13 million, which
related to the release of bank guarantees), following the
termination of its lease agreement with respect to a plot near
Tiberius, Israel.

At this stage, the Company cannot estimate if and when it will be
entitled to receive any additional amounts following the
termination of the Agreement.

                      About Elbit Imaging

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

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

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

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

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


ELEPHANT TALK: Receives Noncompliance Notice from NYSE
------------------------------------------------------
Elephant Communications Corp. received on Aug. 8, 2016, a notice
from NYSE MKT LLC indicating that the Company is not currently in
compliance with the Exchange's continued listing standards as set
forth in Section 1003(a)(iv) of the NYSE MKT Company Guide, since
the Company has sustained losses which are substantial in relation
to its overall operations or its existing financial resources, or
its financial condition has become sufficiently impaired that it
appears questionable, in the opinion of the Exchange, as to whether
the Company will be able to continue operations and/or meet its
obligations as they mature.  This notice is in addition to a notice
received by the Company from the Exchange on May 26, 2016, as
previously disclosed on a Current Report on Form 8-K filed by the
Company on June 2, 2016, for which the Company submitted a plan of
compliance on June 27, 2016.

In accordance with the Exchange's notice, and following regular and
constructive consultation with the Exchange, the Company expects to
submit a revised plan of compliance by Aug. 19, 2016, advising of
actions that the Company has taken or will take to regain
compliance with Section 1003(a)(iv) of the Company Guide by Sept.
30, 2016.  In the very unlikely event that the Company does not
submit a plan, or if the plan is not accepted, delisting procedures
may commence.  If the plan is accepted, the Company will be subject
to periodic reviews and continued compliance with the plan.
Furthermore, if the plan is accepted but the Company is not in
compliance with Section 1003(a)(iv) by Sept. 30, 2016, or does not
make progress consistent with the plan, the Exchange may initiate
delisting procedures.

                       About Elephant Talk

Lutz, Fla.-based Elephant Talk Communications, Inc. (OTC BB: ETAK)
-- http://www.elephanttalk.com/-- is an international provider of
business software and services to the telecommunications and
financial services industry.

Elephant Talk reported a net loss of $5 million on $31.01 million
of revenues for the year ended Dec. 31, 2015, compared to a net
loss of $21.9 million on $20.4 million of revenues for the year
ended Dec. 31, 2014.

As of March 31, 2016, Elephant Talk had $25.05 million in total
assets, $19.7 million in total liabilities and $5.39 million in
total stockholders' equity.

Squar Milner, LLP (formerly Squar Milner, Peterson, Miranda &
Williamson, LLP), in Los Angeles, California, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2015, citing that the Company has
suffered recurring losses from operations, has an accumulated
deficit of $256 million and has negative working capital.  This
raises substantial doubt about the Company's ability to continue as
a going concern, the auditors said.


ELITE PHARMACEUTICALS: Registers Add'l 35.8 Million Common Shares
-----------------------------------------------------------------
Elite Pharmaceuticals, Inc., filed a registration statement on Form
S-3 on April 15, 2014, which was subsequently converted into a
registration statement on Form S-1 by pre-effective amendment
thereto, in order to register 108,000,000 shares of its common
stock, $0.001 par value per share, that the Company had issued and
may issue to Lincoln Park Capital Fund, LLC, pursuant to a Purchase
Agreement dated as of April 10, 2014, by and between the registrant
and Lincoln Park.  On July 1, 2014, the Company filed a
Post-Effective Amendment No. 1 to Form S-1 on Form S-3 to convert
the Original Registration Statement from a Form S-1 into a
registration statement on Form S-3, which was declared effective on
July 8, 2014.  

On June 27, 2016, the Company filed a Form S-1 registration
statement with the SEC to (i) register 35,869,227 additional shares
of Common Stock that the Company may issue to Lincoln Park pursuant
to the Purchase Agreement, which were not registered pursuant to
the Prior Registration Statement, and (ii) convert the Prior
Registration Statement from a Form S-3 into a registration
statement on Form S-1.

A full-text copy of the Registration Statement is available for
free at https://is.gd/6SLxmA

                 About Elite Pharmaceuticals

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

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

As of June 30, 2016, Elite had $33.05 million in total assets,
$17.5 million in total liabilities, $46.42 million in mezzanine
equity and a total stockholders' deficit of $30.9 million.


EMERGING MARKETS: S&P Withdraws 'B' Corporate Credit Rating
-----------------------------------------------------------
S&P Global Ratings said it withdrew all of its ratings, including
the 'B' corporate credit rating, on Miami-based Emerging Markets
Communications LLC.

"The ratings withdrawal follows the completion of GEE's acquisition
of EMC for $550 million," said S&P Global Ratings credit analyst
Rose Askinazi.

The transaction was funded with $85 million in cash, 5.5 million
shares of stock, and the assumption of $386 million in debt.  The
company will pay an additional $25 million of deferred
consideration in cash or stock in 2017.  While existing debt at EMC
will remain outstanding, S&P do not currently rate GEE, and as a
result, do not have sufficient information to determine the
company's credit quality going forward.


ENERGY FUTURE: Noteholders Ask Supreme Court to Weigh In on Deal
----------------------------------------------------------------
Matt Chiappardi, writing for Bankruptcy Law360, reported that
Delaware Trust Co., indenture trustee for a group of Energy Future
Holdings Corp. notes, has asked the U.S. Supreme Court to review a
Third Circuit decision that allowed the Company to refinance $4
billion in first-lien debt via tender offer, which the trustee
contends flouts Chapter 11 rules.  Delaware Trust filed a petition
for certiorari on Aug. 2.

As reported by the Troubled Company Reporter, Delaware Trust
asserted that the settlement involved a tender offer that is
impermissible in bankruptcy and that the settlement violates core
principles of the bankruptcy process.  The Third Circuit, however,
found that the settlement was consistent with bankruptcy law.

One set of the Debtors' First Lien Notes represents a principal
amount of $500 million with an interest rate of 6-7/8%, due in
2017.  The other set of Notes represents a principal amount of
approximately $3.5 billion with an interest rate of 10%, due in
2020.

Each indenture contains a provision providing for a "make-whole"
premium, which would "compensate noteholders for the loss of future
interest resulting from an early refinancing."  Thus, the
make-whole premium would require the Debtors to make additional
payments to the First Lien Noteholders if the Notes were redeemed
before their final maturity.

The Debtors sought to restructure this debt in 2012 and began
negotiating with creditors, including some of the First Lien
Noteholders.  Following almost two years of negotiation, the
Debtors and several large creditors -- most notably Pacific
Investment Management Company, Western Asset Management Company and
Fidelity Investments -- agreed to a Restructuring Support
Agreement, initially intended to accomplish a "global
restructuring" of the Debtors' entities and debt.  Although the
idea of a global restructuring was eventually abandoned, under the
RSA, these entities agreed to refinance the First Lien Notes,
release any claim to a make-whole premium, and provide additional
financing.

Because the RSA did not resolve all of their financial problems,
the Debtors filed for bankruptcy in Delaware.  One week after
filing their bankruptcy petition, the Debtors initiated what the
parties have labeled a "tender offer" directed to the First Lien
Noteholders that embodied certain terms set forth in the RSA. The
goal of this offer was to settle disputes with all First Lien
Noteholders.

The offer was to remain open for 31 days, and offered each First
Lien Noteholder 105% of the Notes' principal amount and 101% of the
accrued interest in exchange for the release of any potential claim
to the make-whole premium. The offer contained a "step down"
procedure, reducing the principal premium from 5% to 3.25% after 14
days. The offer notified the First Lien Noteholders that the offer
was subject to Bankruptcy Court approval and that Debtors intended
to initiate litigation to disallow the make-whole premium claims.

Under the make-whole provision, due to the lower interest rate and
earlier redemption date, the 6-7/8% Noteholders' make-whole premium
would have been smaller than that of the 10% Noteholders. Thus,
under the terms of the offer, holders of the 6-7/8% Notes would
receive a greater percentage of a possible recovery for the
make-whole premium than the 10% Noteholders.

Ultimately, 97% of the 6-7/8% Noteholders accepted the offer, while
only 34% of the 10% Noteholders did so. Noteholders who declined
the offer retained their full claim and the right to litigate and
obtain full value for their make-whole premium.

Nine days after initiating the offer, the Debtors filed a motion
for approval of the settlement pursuant to 11 U.S.C. Sec. 363(b)
and Fed. R. Bankr. P. 9019.

The Trustee, on behalf of the non-settling First Lien Noteholders,
objected to Debtors' request for approval of the settlement.
Following a hearing at which it heard testimony about the benefits
of the settlement, including that the offer would save the estate
over ten million dollars each month in interest payments, the
Bankruptcy Court approved the settlement, holding that there were
no "incidents of discriminatory treatment" in the Debtors' approach
to settlement and that the plan was a proper use of estate assets.
The District Court affirmed the Bankruptcy Court's approval order.

The appellate case is In Re: ENERGY FUTURE HOLDINGS CORP., ET AL.,
Debtors DELAWARE TRUST COMPANY f/k/a CSC Trust Company Delaware, as
Indenture Trustee, Appellant, No. 15-1591 (3rd Cir.).

A full-text copy of the Third Circuit's May 4, 2016 opinion is
available at https://is.gd/mF9RDg from Leagle.com.

                     About Energy Future

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

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

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

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

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

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

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

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

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

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

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

                     *     *     *

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

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

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


ENERGY FUTURE: TCEH Obtains $4.25 Billion in DIP Roll Facilities
----------------------------------------------------------------
Texas Competitive Electric Holdings Company LLC ("TCEH") on Aug. 4,
2016, entered into the DIP Roll Facilities, which consist of a
senior secured, super-priority credit agreement by and among Energy
Future Competitive Holdings Company LLC ("EFCH"), TCEH, TCEH's
subsidiary guarantors named therein, the Commitment Parties, the
other lenders party thereto from time to time, and Deutsche Bank
AG, New York Branch, as administrative and collateral agent.

The DIP Roll Facilities provide for up to $4.25 billion in
financing consisting of:

     -- a $750 million senior secured, super-priority
        revolving credit facility:

        Lender                                    Commitment
        ------                                    ----------
        Deutsche Bank AG New York Branch        $135,000,000
        Barclays Bank PLC                       $110,000,000
        Citibank, N.A.                          $110,000,000
        Credit Suisse AG,
           Cayman Islands Branch                $110,000,000
        Royal Bank of Canada                    $110,000,000
        UBS AG, Stamford Branch                 $100,000,000
        Natixis, New York Branch                 $75,000,000
                                                ------------
                TOTAL                           $750,000,000

     -- a $650 million senior secured, super-priority funded
        term loan letter of credit facility, and:

        Lender                                    Commitment
        ------                                    ----------
        Deutsche Bank AG New York Branch        $650,000,000

     -- a $2.85 billion senior secured, super-priority term
        loan -- Term Loan B Facility:

        Lender                                    Commitment
        ------                                    ----------
        Deutsche Bank AG New York Branch      $2,850,000,000

The DIP Roll Facilities currently constitute a senior secured,
super-priority debtor-in-possession facility and, upon the
Conversion Date as defined in the DIP Roll Facilities, will convert
to a senior secured exit facility.

The net proceeds from the financing -- excluding approximately $215
million in cash returned to TCEH from the letter of credit issuer
under the TCEH DIP Credit Facilities -- were approximately $3.3
billion.  

Approximately $2.65 billion of the net proceeds from the Term Loan
B Facility were used to repay all amounts outstanding under the
TCEH DIP Credit Facilities.

The remaining net proceeds from the Term Loan B Facility will be
used for general corporate purposes. All of the net proceeds from
the Term Loan Letter of Credit Facility were used to fund
collateral accounts that backstop the issuances of letters of
credit. As of the Closing Date, there were no borrowings
outstanding under the Revolving Credit Facility and approximately
$585 million of letters of credit issued and outstanding under the
Term Loan Letter of Credit Facility.

The principal amounts outstanding under the DIP Roll Facilities
bear interest based on applicable LIBOR rates (subject to a LIBOR
floor of 1%) or base rates plus applicable margins as set forth in
the DIP Roll Facilities. The DIP Roll Facilities also provide for
certain additional fees payable to the agents and lenders, as well
as availability fees payable with respect to any unused portions of
the available DIP Roll Facilities. The DIP Roll Facilities will
mature on the applicable dates set forth in the DIP Roll
Facilities.

The obligations under the DIP Roll Facilities are secured by a lien
covering substantially all of TCEH's and its restricted
subsidiaries' assets, rights and properties, subject to certain
exceptions set forth in the DIP Roll Facilities. The DIP Roll
Facilities provide for a carve-out -- RCT Carve-Out -- related to
mining reclamation requirements that TCEH's Luminant Mining
subsidiary has with the Railroad Commission of Texas (the "RCT"),
which among other things, oversees lignite mining activity in
Texas.  The RCT Carve-Out will be used by Luminant Mining to secure
up to $975 million of its mining reclamation obligations with the
RCT.

The DIP Roll Facilities also permit certain hedging agreements to
be secured on a pari-passu basis with the DIP Roll Facilities in
the event those hedging agreements meet certain criteria.

The DIP Roll Facilities provide for affirmative and negative
covenants applicable to TCEH and its restricted subsidiaries,
including affirmative covenants requiring TCEH to provide financial
information, budgets and other information to the agents under the
DIP Roll Facilities, and negative covenants restricting TCEH's and
its restricted subsidiaries' ability to incur additional
indebtedness, grant liens, dispose of assets, make investments, pay
dividends or take certain other actions, in each case except as
permitted in the DIP Roll Facilities. TCEH's ability to borrow
under the DIP Roll Facilities is subject to the satisfaction of
certain customary conditions precedent.

The DIP Roll Facilities provide for certain customary events of
default, including events of default resulting from non-payment of
principal, interest or other amounts when due, material breaches of
representations and warranties, material breaches of covenants in
the DIP Roll Facilities or ancillary loan documents, cross-defaults
under other agreements or instruments and the entry of material
judgments against TCEH or its restricted subsidiaries. The DIP Roll
Facilities also include, solely with respect to the Revolving
Credit Facility and which is only applicable when the amount of
loans under such facility exceed a specified threshold (as
described in the DIP Roll Facilities), an event of default that may
arise from TCEH's failure to meet a financial leverage test. Upon
the existence of an event of default, the DIP Roll Facilities
provide that all principal, interest and other amounts due
thereunder will become immediately due and payable, either
automatically or at the election of specified lenders.

A copy of the Senior Secured Superpriority Debtor-in-Possession
Credit Agreement, dated as of August 4, 2016, among EFCH, TCEH, the
lending institutions from time to time parties thereto, Deutsche
Bank AG New York Branch, as Administrative Agent, Collateral Agent
and Term Letter of Credit Issuer, and Deutsche Bank Securities,
Inc., Barclays Bank PLC, Citigroup Global Markets Inc., Credit
Suisse Securities (USA) LLC, RBC Capital Markets, UBS Securities
LLC and Natixis, New York Branch, as Joint Lead Arrangers and Joint
Bookrunners, is available at https://is.gd/Yyrm4J

                     About Energy Future

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

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

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

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

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

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

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

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

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

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

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

                     *     *     *

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

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

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


ENERGY FUTURE: Third Amended Plan & Disclosure Statement Filed
--------------------------------------------------------------
Energy Future Holdings Corp. and its debtor-affiliates on Aug. 5,
2016, filed a Third Amended Joint Plan of Reorganization and a
related disclosure statement with the Bankruptcy Court.

The Third Amended Plan and the Amended Disclosure Statement amended
the Plan and Disclosure Statement with respect to the EFH Debtors.
The Plan the Amended Plan provide that the confirmation and
effective date of the plan of reorganization with respect to EFCH,
TCEH and the subsidiaries of TCEH that are Debtors may occur
separate from, and independent of, the confirmation and effective
date of the plan of reorganization with respect to the EFH Debtors.


The Plan constitutes a separate plan of reorganization for each of
the Debtors. The Plan provides that (i) confirmation of the Plan
with respect to the TCEH Debtors may occur separate from, and
independent of, confirmation of the Plan with respect to the EFH
Debtors and EFIH Debtors (subject to the applicable conditions
precedent to confirmation) and (ii) the TCEH Effective Date for the
Plan with respect to the TCEH Debtors may occur separate from, and
independent of, the EFH Effective Date for the Plan with respect to
the EFH Debtors and EFIH Debtors (subject to the applicable
conditions precedent to each Effective Date).

Additionally, the Plan provides for key transactions and recoveries
for each of the TCEH Debtors, EFH Debtors, and EFIH Debtors:

     * EFH Debtors and EFIH Debtors.

     * Class A3: Legacy General Unsecured Claims Against the EFH
Debtors. The Legacy General Unsecured Claims Against the EFH
Debtors are comprised of any Claim against the EFH Debtors derived
from or based upon liabilities based on asbestos or certain
qualified post-employment benefits. Class A3 Claims are Unimpaired
under the Plan.

     * Class A4-Class A11: Classes A4 through A11 are Impaired
under the Plan and will receive their Pro Rata distribution of the
EFH Creditor Recovery Pool (as defined in the Plan, and which
consists of Reorganized EFH Class A Common Stock which, at the
closing of the Merger, will convert into the right to receive the
NextEra Class A Common Stock and certain Cash amounts).

     * Certain of the Claims asserted against the EFH Debtors may
constitute EFH Beneficiary Claims (specifically, the Allowed EFH
Non-Qualified Benefit Claims, the Allowed EFH Unexchanged Note
Claims, and the Allowed General Unsecured Claims Against EFH Corp.)
if the Class comprising each of such Claims fails to vote to accept
or reject the Plan consistent with the Voting Condition.

     * Holders of EFH Beneficiary Claims are entitled to receive,
in addition to their other recoveries as Allowed EFH Corp. Claims,
their Pro Rata share of the TCEH Settlement Claim Turnover
Distribution in an aggregate amount not to exceed $37.8 million.

     * The TCEH Settlement Claim Turnover Distribution is a
distribution of the recovery, proceeds, or distributions, if any,
that TCEH receives on account of the TCEH Settlement Claim that it
is required to assign to Holders of EFH Beneficiary Claims under
the EFH Settlement. Recovery pursuant to the TCEH Settlement Claim
Distribution.

     * The EFH Debtors also reserve their right to assert that any
Holder of an Allowed Claim against the EFH Debtors who receives its
Pro Rata share of the EFH Creditor Recovery Pool is Unimpaired if
such recovery satisfies such Holder’s Allowed Claim in full.

     * Class B3 and Class B4: Class B3 and Class B4 will receive
payment in full in Cash of (a) accrued but unpaid prepetition
interest, at the applicable rate set forth in the applicable
indentures, (b) postpetition interest at the applicable rate set
forth in the applicable indentures, (c) reasonable and documented
fees and expenses and indemnification claims, whether incurred or
accruing before, on, or after the EFH Effective Date, and (d) any
Makewhole Claims that are held to be allowed by a court of
competent jurisdiction, pursuant to a Final Order, whether entered
before, on, or after the EFH Effective Date.  Article VIII.B. of
the Plan provides that on the EFH Effective Date, and except as
otherwise specifically provided in the Plan, all mortgages, deeds
of trust, Liens, pledges, or other security interests against any
property of the Estates shall be fully released and discharged, and
all of the right, title, and interest of any Holder of such
mortgages, deeds of trust, Liens, pledges, or other security
interests shall revert to the Reorganized Debtors and their
successors and assigns.

     * Class B5 and Class B6: Holders of Allowed Class B5 and Class
B6 Claims will receive their Pro Rata share of the EFIH Unsecured
Creditor Recovery Pool (which is defined in the Plan and generally
consists of the Reorganized EFH Class B Common Stock, which shall,
on the EFH Effective Date, convert to the right to receive the
NextEra Class B Common Stock, and certain Cash).

     * TCEH and the TCEH Debtors.

     * The Plan provides for two potential restructurings for the
TCEH Debtors.

     * If the Spin-Off Condition is satisfied, the stock of
Reorganized TCEH, the New Reorganized TCEH Debt (or the net
proceeds thereof), the net cash proceeds of the Spin-Off Preferred
Stock Sale, the Spin-Off TRA Rights (if any), and the proceeds of
the TCEH Settlement Claim less any TCEH Settlement Claim Turnover
Distributions will be distributed to Holders of TCEH First Lien
Claims in a transaction intended to qualify as a tax-free
reorganization under section 368(a)(1)(G) of the IRC.

     * Additionally, if the Spin-Off Condition is satisfied,
certain of the TCEH Debtors’ assets will be transferred to the
Preferred Stock Entity pursuant to the Spin-Off Preferred Stock
Sale in a transaction intended to qualify as a taxable sale or
exchange under section 1001 of the IRC.

     * Under the Spin-Off, TCEH will spin off from the Debtors to
form a standalone reorganized entity, Reorganized TCEH, and certain
tax attributes of the EFH Group will be substantially used to
provide Reorganized TCEH with a step-up in tax basis in certain of
its assets, valued at approximately $1.0 billion.

     * In general, the overall tax basis of Reorganized TCEH’s
assets will be higher if the Spin-Off Condition is satisfied.

     * If the Spin-Off Condition is not satisfied, then the assets
of the TCEH Debtors may be transferred to Reorganized TCEH in a
transaction or transactions intended to qualify as a taxable sale
or exchange under section 1001.12

     * Class C3: TCEH First Lien Secured Claims. As set forth in
the Plan, the treatment of the Class C3 TCEH First Lien Secured
Claims depends on whether the Spin-Off is effectuated or whether
the Taxable Separation is effectuated, in each case pursuant to the
terms and conditions set forth in the Plan.

     * Class C4: TCEH Unsecured Debt Claims and Class C5: General
Unsecured Claims Against the TCEH Debtors Other Than EFCH. Each
Holder of a Class C4 and Class C5 Allowed Claim shall receive its
Pro Rata share of the TCEH Cash Payment.

     * TCEH will receive the TCEH Settlement Claim, in the amount
of $700 million, which shall receive the same treatment as the
other Impaired Classes with Claims against the EFH Debtors, subject
to certain conditions.

     * Plan Transactions Related to the EFH Shared Services
Debtors. Classes D1 (Other Secured Claims Against the EFH Shared
Services Debtors), D2 (Other Priority Claims Against the EFH Shared
Services Debtors), are D3 (General Unsecured Claims Against the EFH
Shared Services Debtors) will be rendered Unimpaired. Claims in
Classes D4 and D6 will either be Reinstated or canceled and
released without any distribution. Claims in Class D5 (which
consists entirely of intercompany claims) will be canceled and
released without distribution.

     * Mutual Releases. In exchange for the value provided and the
compromises contained in the Plan and the Settlement Agreement, the
Plan provides for the mutual release of Claims among all Debtors
and consenting Holders of Claims and Interests and third-party
releases of direct and indirect Holders of Interests in EFH Corp.
and its affiliates.

     * Tax Matters Agreement. On the TCEH Effective Date, EFH
Corp., Reorganized TCEH, and EFIH shall enter into the Tax Matters
Agreement, as defined in the Plan. The Tax Matters Agreement will
be attached as Exhibit G to this Disclosure Statement and will be
provided to Holders of Claims and Interests entitled to vote on the
Plan as it relates to the EFH Debtors and EFIH Debtors pursuant to
the Solicitation Procedures. The Tax Matters Agreement shall govern
the rights and obligations of each party thereto with respect to
certain tax matters, including covenants intended to protect the
Spin-Off Intended Tax Treatment and indemnity provisions if either
party takes any action that causes the Spin-Off to fail to qualify
for the Spin-Off Intended Tax Treatment. The Tax Matters Agreement
ultimately needs to be in a form and substance acceptable to the
Debtors, the TCEH Supporting First Lien Creditors, and the Plan
Sponsor. After the TCEH Effective Date, the Tax Matters Agreement
shall not be amended or modified in any manner without the written
consent of Reorganized TCEH and, additionally, a condition
precedent to consummation of the Merger is that after the TCEH
Effective Date, the Tax Matters Agreement shall not be amended or
modified in any manner without the written consent of the Plan
Sponsor.

The Third Amended Plan and the Amended Disclosure Statement contain
or discuss certain projections of financial performance.

A copy of the Third Amended Disclosure Statement is available at:

     https://is.gd/ckWVdI

A copy of the Third Amended Plan is available at:

     https://is.gd/8XiEX6

                     About Energy Future

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

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

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

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

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

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

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

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

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

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

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

                     *     *     *

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

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

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


EP ENERGY: Moody's Assigns B3 Rating to Senior Secured Term Loan
----------------------------------------------------------------
Moody's Investors Service assigned a B3 rating to EP Energy LLC's
(EPE) proposed senior secured term loan. At the same time, Moody's
downgraded EPE's existing second lien term loans to Caa1 from B3
and affirmed EPE's Caa1 Corporate Family Rating (CFR), Caa1-PD
Probability of Default Rating (PDR), Caa2 rated senior unsecured
notes, and SGL-3 Speculative Grade Liquidity Rating. The rating
outlook remains negative.

The rating actions were taken in response to EPE's announcement of
a new secured term loan exchange transaction. Moody's views the
exchange as a continuation of the distressed exchange and limited
default that occurred in May 2016.

"While EPE's term loan exchange will help to improve the company's
debt maturity profile, further debt reduction is necessary in order
to improve asset coverage of debt," commented James Wilkins,
Moody's Vice President. "In addition, more secured debt will
subordinate any remaining second lien debt that is not exchanged."

Issuer: EP Energy LLC

   -- Senior secured term loan due 2021, assigned B3 (LGD 3)

   -- Corporate Family Rating (CFR), affirmed at Caa1

   -- Probability of Default Rating (PDR), affirmed at Caa1-PD

   -- Senior secured second lien term loan due 2018, downgraded to

      Caa1 (LGD 3) from B3 (LGD3)

   -- Senior secured second lien term loan due 2019, downgraded to

      Caa1 (LGD 3) from B3 (LGD3)

   -- Senior unsecured notes due 2020, affirmed at Caa2 (LGD5)

   -- Senior unsecured notes due 2022, affirmed at Caa2 (LGD5)

   -- Senior unsecured notes due 2023, affirmed at Caa2 (LGD5)

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

   -- Outlook negative

RATINGS RATIONALE

EPE is offering to exchange a new term loan due 2021 (with a
springing maturity in 2020) for its existing second lien term loans
due 2018 and 2019. The new term loan will rank junior to EPE's
revolving credit facility but senior to any remaining second lien
debt and unsecured debt. EPE's new secured term loan is rated B3,
reflecting its seniority to both EPE's remaining second lien debt
and its unsecured debt under Moody's Loss Given Default (LGD)
methodology. The downgrade of EPE's second lien term loans to Caa1
reflects the subordination of any remaining debt that is not
exchanged to the new term loan. Moody's final ratings are dependent
on the amount of notes exchanged in the transaction and are subject
to review of all final documentation related to this transaction.

EPE's Caa1 CFR reflects the company's high leverage, declining
production volumes and cash flows as well as our expectation that
the company's credit metrics will worsen considerably in 2017, as
its hedged production volumes decline. Despite material debt
reduction efforts in the first half of 2016 (debt reduced by around
$950 million through open market purchases and asset sales) and a
focus on free cash flow generation, the company still has elevated
leverage. With $3.9 billion of total balance sheet debt as of June
30, 2016, Moody's estimates that EPE's asset coverage (based on the
pre-tax PV-10 value) is under 1.0x. In addition, EPE faces a heavy
cash interest expense of roughly $300 million, which burdens its
cost structure. The company's favorable hedge portfolio buffers it
from the full effects of low commodity prices. EPE's hedges now
cover all of its expected oil production for the last two quarters
of 2016 and three-quarters of estimated 2017 production volumes.
Nevertheless, the company's cash flows will decline at Moody's
price estimates (WTI crude oil at $45/bbl in 2017). Moody's expects
EPE will generate retained cash flow to debt of around 10% and its
interest coverage will decrease to around 2.5x in 2017.

Moody’s said, “The SGL-3 Speculative Grade Liquidity Rating
reflects Moody's expectation EPE will maintain adequate liquidity
through 2017. Its liquidity is supported by $706 million of
availability under its $1.65 billion first lien revolving credit
facility due May 2019. At Moody's price estimates ($40/bbl oil in
2016 and $45/bbl oil in 2017) the company will generate negative
free cash flow in 2017, but we expect the revolver will have
adequate borrowing capacity to fund the outspend of cash flow from
operations. EPE's spring 2016 borrowing base redetermination
resulted in the borrowing base being lowered to $1.65 billion due
to lower commodity prices and the Haynesville asset sale (~$200
million impact). The company also moved from a maximum 4.5x
consolidated leverage test to a financial covenant limiting its
first lien debt / EBITDAX to no greater than 3.5x, which we expect
EPE will be able to comply with through 2017. The next debt
maturity is in May 2018 when its second lien secured term loan
($469 million balance as of June 30 2016) is due.”

The rating outlook is negative, reflecting the difficult operating
environment with low commodity prices and the expectation of
continued liability management activities.

The ratings could be downgraded if liquidity deteriorates or
retained cash flow to debt is expected to remain below 5% for a
sustained period.

An upgrade would be considered if the company reduces its debt and
maintains RCF to debt above 15% while growing production or keeping
production relatively flat.

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

EP Energy LLC, headquartered in Houston, Texas, is an independent
exploration & production company.


EP ENERGY: S&P Lowers Rating on 2nd-Lien Debt to 'CCC+'
-------------------------------------------------------
S&P Global Ratings said it has lowered its issue-level rating on EP
Energy LLC's second-lien debt to 'CCC+' from 'B', and revised the
recovery rating to '6' indicating S&P's expectation of negligible
(0%-10%) recovery in the event of a payment default from '3'.

At the same time, S&P assigned its 'B+' issue-level rating to EP's
proposed priority-lien $459 million term loan, with a recovery
rating of '2', indicating S&P's expectation for substantial
(70%-90%, upper end of range) recovery in the event of a payment
default.

The corporate credit and senior unsecured ratings are unaffected,
and the outlook remains negative.

"The downgrade of the second-lien debt rating follows EP's
announcement that it plans to exchange a portion of its term loans
maturing 2018 and 2019 for a new priority-lien term loan due 2021,"
said S&P Global Ratings credit analyst Paul Harvey.

As a result of the new priority debt, recovery on the expected
remaining second-lien debt falls to 6 indicating S&P's expectation
of negligible (0%-10%) recovery in the event of a payment default
from '3', and related second-lien debt rating to 'CCC+' from 'B'.
The ratings on the company's senior unsecured debt are unaffected.
Our recovery analysis used a company-provided midyear 2016
valuation of EP's reserves, computed at S&P's recovery price deck
assumptions of $50 per barrel West Texas Intermediate (WTI) crude
oil and $3.00 per mmbtu natural gas.

In addition, S&P has assigned its 'B+' rating to EP's proposed $459
million priority-lien term loan, with a recovery rating of '2',
indicating S&P's expectation for substantial (70%-90%, upper end of
range) recovery in the event of a payment default.  The company
will use proceeds from the notes to exchange for the company's
second-lien debt.

The recovery and issue-level ratings for the senior unsecured debt
remain unchanged.  The 'B' corporate credit rating and negative
outlook on EP are unaffected.


EPICOR SOFTWARE: Moody's Assigns 'B3' Corporate Family Rating
-------------------------------------------------------------
Moody's Investors Service assigned a B3 corporate family rating to
Epicor Software Corporation (New) post its acquisition by private
equity firm KKR. Moody's also affirmed the B2 ratings on existing
first lien debt and Caa2 ratings on existing second lien debt which
will remain in place post the ownership change. The first lien debt
is being increased by approximately $225 million to $1.6 billion
and the second lien notes by $75 million to $685 million. The
ratings outlook is stable.

Ratings Rationale

The B3 corporate family rating reflects Epicor's very high leverage
and aggressive financial policies, but balanced by its leading
position as a provider of ERP software solutions to a diverse range
of mid-market customers, and strong niche positions within certain
manufacturing, distribution and retail verticals. The rating also
recognizes Epicor's high renewal rates, and thus revenue
visibility, on its maintenance and subscription revenues as
customers are reluctant to change ERP software providers. At
closing of the sale to KKR, Moody's estimates LTM June 30, 2016 run
rate leverage at about 8.3x and 9.1x on an actual basis, and free
cash flow to debt of approximately 2.7%. Moody's believes that this
high leverage level and limited free cash flow leaves the company
with little flexibility in the event of an economic downturn or
business model challenges. The company is also undergoing
additional restructuring initiatives and has modest top line growth
prospects for the near future. If the restructuring does not
negatively impact performance, leverage should trend to under 8x
over the next 12-18 months.

The ratings could face downward pressure if leverage exceeds 8.5x
or if free cash flow were to deteriorate. The ratings could face
upward pressure if leverage is on track to decline below 7.0x, and
free cash flow to debt is sustained above 5%.

The 1st lien debt is rated B2 and 2nd lien debt is rated Caa2 based
on their relative proportions of the capital structure. The debt
instrument ratings are determined in conjunction with Moody's Loss
Given Default Methodology.

Liquidity is good based on an estimated $70 million of cash on hand
at closing, and undrawn $100 million revolver and over $50 million
of free cash flow over the next year.

Assignments:

   -- Issuer: Epicor Software Corporation (New)

   -- Probability of Default Rating, Assigned B3-PD

   -- Corporate Family Rating, Assigned B3

Affirmations:

   -- Issuer: Epicor Software Corporation

   -- Senior Secured 2nd lien Bank Credit Facility, Affirmed Caa2
      (LGD5)

   -- Senior Secured 1st lien Bank Credit Facility, Affirmed B2
      (LGD3)

Outlook Actions:

   -- Issuer: Epicor Software Corporation

   -- Outlook, Remains Stable

   -- Issuer: Epicor Software Corporation (New)

   -- Outlook, Assigned Stable

The principal methodology used in these ratings was Software
Industry published in December 2015.

Epicor Software Corp. is a leading provider of enterprise
application software for mid-sized companies. The company had
revenues of approximately $834 million in the last twelve months
ended March 31, 2016 (pro forma for the spinoff of its retail
solutions group business unit). The company is being sold by
private equity group APAX partners to KKR.


EPICOR SOFTWARE: S&P Lowers CCR to 'B-', Off Watch Developing
-------------------------------------------------------------
S&P Global Ratings said it lowered its corporate credit rating on
Austin, Texas-based Epicor Software Corp. to 'B-' from 'B.'  S&P
also removed its ratings on Epicor from CreditWatch, where S&P
placed them with developing implications on July 6, 2016.  The
outlook is stable.

At the same time, S&P lowered its issue-level rating to 'B-' from
'B' on the company's senior secured first-lien debt.  The recovery
rating on the company's senior secured first-lien debt remains '3',
indicating S&P's expectation for meaningful recovery (50% to 70%;
lower half of the range) for lenders in the event of payment
default.

S&P also lowered its issue-level rating to 'CCC' from 'CCC+' on the
company's senior secured second-lien debt.  The recovery rating
remains '6', indicating S&P's expectation for negligible recovery
(0% to 10%) for lenders in the event of payment default.

The proceeds from the add-on debt issuance will be used to
partially fund KKR's purchase of the company.

"The rating action is based on the company's increased pro forma
leverage to about 8x from the low 7x area as of March 31, 2016, and
our expectation that it will remain above 7.5x over the next 12
months," said S&P Global Ratings credit analyst Tuan Duong.

S&P views the higher leverage as an indication of management's high
risk tolerance and continued aggressive financial polices under its
new private equity owner.  In conjunction with the sale to KKR, the
company will issue an additional $300 million of debt, while the
existing $100 million revolving facility expiring 2020, $1.4
billion ($1.39 billion outstanding as of March 31, 2016) senior
secured first-lien credit facility due 2022, and $610 million
senior secured second-lien term loan due 2023 remain in place.

S&P's rating on Epicor also reflects the company's competition with
much larger and more diversified software providers, such as Oracle
Corp., SAP SE, and Microsoft Corp., which have significantly
greater financial resources.  S&P believes the company's good
market position in the middle-market ERP software industry, and
high recurring maintenance and services revenue partially offset
those factors.

The stable outlook reflects S&P's expectation that the company will
perform in line with S&P's base-case scenario, such that the
company experiences revenue growth in the low single digits and
stable-to-slightly-improving EBITDA margins in the low  to mid-30%
area, leading to modest leverage improvement to the mid- to high 7x
area over the next 12 months.


EPIQ SYSTEMS: Egan-Jones Withdraws B+ Sr. Unsecured Rating
----------------------------------------------------------
Egan-Jones Ratings Company withdrew the 'B+' senior unsecured
ratings on debt issued by Epiq Systems Inc. on July 27, 2016.

Epiq Systems, Inc. is a provider of professional services and
integrated technology for the legal profession.


ETERNAL ENTERPRISES: Wants to Use Cash, Reduce Pay to Hartford
--------------------------------------------------------------
Eternal Enterprises, Inc., asks the U.S. Bankruptcy Court for the
District of Connecticut for authorization to use cash collateral.

The Debtor also asks the Court to approve an advance on insurance
proceeds and reduce the Debtor's $35,000 monthly adequate
protection payments to Hartford Holdings, LLC.

The Debtor relates that a fire occurred on its property at 270
Laurel Street, Hartford, Connecticut.  The Debtor further relates
that the fire caused significant damage, which has rendered the
property uninhabitable and that there are no tenants living there.
The Debtor says that the damage has resulted in a significant drop
in the Debtor's monthly income.

The Debtor contends that it needs to use cash collateral for the
repair its property, which will enable to Debtor to continue its
business operations and reorganization efforts.  The Debtor further
contends that without the use of cash collateral, it will not have
sufficient liquidity to repair its property, which will dangerously
impair the Debtor's prospects of a successful reorganization.

The Debtor tells the Court that it has been making adequate
protection payments to Hartford Holdings, based on a calculation
established in December 2015.  The Debtor further tells the Court
that it experienced fire in the interim, which resulted in a change
of circumstances necessitating a lower adequate protection payment
to Hartford Holdings.

The Debtor says that Hartford Holdings will be adequately protected
because there is insurance coverage of up to $5,000,000, on the
property.

The Debtor relates that it holds an insurance policy for the
Property and that although it has not yet come to a settlement with
its insurance company regarding the proceeds, expenses relating to
the repair of the Property are mounting and the Debtor needs an
advance on the anticipated recovery under its insurance policy.

The Debtor tells the Court that the public adjuster employed by the
Court for the Debtor, Mr. Vizzo, has requested an advance on the
proceeds of the Debtor's insurance policy in the amount of $750,000
to cover anticipated expenses, which will come due prior to a
settlement with the Debtor's insurance company.  The Debtor further
tells the Court that Mr. Vizzo has indicated that this is necessary
and standard practice given the nature of the claim.

The Debtor relates that in addition to the $750,000 advance, Mr.
Vizzo has advised the Debtor's counsel to seek an advance of
$150,000 from the loss of business portion of the Debtor's
insurance policy.  The Debtor says that the $150,000 relates to
three months of lost business at the property as a result of the
fire.  Mr. Vizzo estimates that the Debtor has experienced a loss
of approximately $49,624 per month.

The Debtor contends that the insurance proceeds constitute the cash
collateral of Hartford Holdings, because the proceeds are from
property on which Hartford Holdings currently has a valid security
interest.

A hearing on the Debtor's Motion was scheduled on August 10, 2016.

A full-text copy of the Debtor's Motion, dated August 5, 2016, is
available at https://is.gd/h71SPv

                 About Eternal Enterprise, Inc.

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



EZ MAILING: Sale of All Equipment at Auction Approved
-----------------------------------------------------
Judge Stacey L. Meisel of the U.S. Bankruptcy Court for the
District of New Jersey authorized the sale of approximately 140
vehicles and other miscellaneous equipment of E Z Mailing Services,
Inc. and affiliates sold at auction.

An auction was held on July 5, 2016 through July 28, 2016 and a
hearing was held on Aug. 4, 2016.

A copy of the list of the Equipment sold at auction attached to the
Order is available for free at:

                 
http://bankrupt.com/misc/EZ_Mailing_566_Order.pdf

The list identifies the equipment that was auctioned and, as to
each piece of Equipment, the lienholder for such equipment, the
total purchase price, consisting of the winning bid amount plus a
10% buyer's premium, reflected in the column labelled "Invoice"
("Total Purchase Price").

In the case of a sale to a successful bidder other than a sale to a
Credit Bid Party pursuant to its credit bid, the lienholder for
such Equipment will receive by wire transfer of immediately
available funds the Total Purchase Price, less AuctionAdvisors'
commission ("Net Purchase Price"), to the extent that such funds do
not exceed the outstanding amount owed by the Debtors to such
lienholders, and subject to payment on the closing date of any
mechanics liens for such Equipment disclosed to such lienholder on
or before Aug. 1, 2016, for which such lienholder has not objected
to payment. No other payments will be made except with either (a)
prior written consent of the lienholder of such Equipment or (b)
authorization from the Court.

With respect to each piece of Equipment, the Equipment will be sold
to the successful bidder free free and clear of all liens, claims,
interests and other encumbrances of any kind and every kind
whatsoever.

With respect to the piece of Equipment identified as VIN
4V4NC9TH1FN908346 ("Unit 117"), the Total Purchase Price will be
held by the Debtors in escrow pending further order of the Court.
Any party in possession of Unit 117 will turn it over to the
Debtors or the successful Bidder immediately upon entry of the Sale
Order. A party in possession of Unit 117 who fails to comply may be
held in contempt of Court and further may be required to pay a fine
or other monetary sanctions.

If the successful bidder for a particular piece of Equipment
defaults or a sale to the successful Bidder otherwise cannot be
consummated, the Debtors may elect to sell such Equipment to any
other Bidder so long as the bid amount meets or exceeds any reserve
or minimum amounts set by the lienholders and/or the Debtors, or
upon consent of the respective Lienholder for that piece of
Equipment, in which case such amount will be deemed the winning bid
amount for such Equipment.

                    About E Z Mailing Services

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

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

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

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


FANNIE MAE: Michael Heid Named to Audit & Compensation Committees
-----------------------------------------------------------------
Fannie Mae, formally, the Federal National Mortgage Association,
disclosed in a regulatory filing with the Securities and Exchange
Commission that on Aug. 10, 2016, its Board of Directors appointed
Michael Heid to the Audit Committee and the Compensation Committee,
effective as of that date.

Mr. was elected to the Board of Directors of Fannie Mae on May 18,
2016.  At the time of the Original Form 8-K filing, the Board had
not yet determined the committees on which Mr. Heid would serve.

                       About Fannie Mae

Federal National Mortgage Association, aka Fannie Mae, is a
government-sponsored enterprise that was chartered by U.S.
Congress in 1938 to support liquidity, stability and affordability
in the secondary mortgage market, where existing mortgage-related
assets are purchased and sold.

The U.S. Department of the Treasury owns Fannie Mae's senior
preferred stock and a warrant to purchase 79.9 percent of its
common stock, and Treasury has made a commitment under a senior
preferred stock purchase agreement to provide Fannie with funds
under specified conditions to maintain a positive net worth.

Fannie Mae reported net income of $10.95 billion on $109 billion of
total interest income for the year ended Dec. 31, 2015, compared
with net income of $14.2 billion on $114 billion of total interest
income for the year ended Dec. 31, 2014.

                        About Freddie Mac

Based in McLean, Virginia, the Federal Home Loan Mortgage
Corporation, known as Freddie Mac (OTCBB: FMCC) --
http://www.FreddieMac.com/-- was established by Congress in        


1970 to provide liquidity, stability and affordability to the
nation's residential mortgage markets.  Freddie Mac supports
communities across the nation by providing mortgage capital to
lenders.  Over the years, Freddie Mac has made home possible for
one in six homebuyers and more than five million renters.

Freddie Mac is under conservatorship and is dependent upon the
continued support of Treasury and the Federal Housing Finance
Agency acting as conservator to continue operating its
business.


FIRST ONE HUNDRED: Court to Take Up Plan Outline on Sept. 8
-----------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Florida will
consider approval of the disclosure statement explaining First One
Hundred LLC's Chapter 11 plan of reorganization at a hearing on
September 8.

The hearing will be held at 10:30 a.m., at the U.S. Bankruptcy
Court, Courtroom 7, 301 North Miami Avenue, Miami, Florida.
Objections are due by September 1.

The restructuring plan proposes to pay the company's secured and
unsecured creditors in full and sell its real properties.  The
properties located in Orlando, Florida, are worth $864,042,
according to an appraiser in Orange County, Florida.

                     About First One Hundred

First One Hundred LLC (Bankr. S.D. Fla., Case No. 16-13973) sought
protection under Chapter 11 of the Bankruptcy Code on March 21,
2016.  The Debtor is represented by Zach B Shelomith, Esq., at
Leiderman Shelomith, PA.

The Office of the U.S. Trustee disclosed in a court filing that no
official committee of unsecured creditors has been appointed in the
Chapter 11 case of First One Hundred LLC.

                        *     *     *

First One Hundred LLC filed with the U.S. Bankruptcy Court for the
Southern District of Florida a plan of reorganization and
accompanying disclosure statement proposing for the sale of the
Debtors' real properties and paying secured and unsecured creditors
a distribution of 100% of their allowed claims.

A full-text copy of the Disclosure Statement dated Aug. 1, 2016, is
available at http://bankrupt.com/misc/flsb16-13973-65.pdf


FISKER AUTOMOTIVE: Summary Judgment for FASI, CEO Affirmed
----------------------------------------------------------
The Court of Appeals of California, Fourth District, Division One,
affirmed the trial court's judgment granting the motion filed by
First Allied Securities, Inc., and its CEO, Adam Antoniades, for
summary judgment in the case captioned STEPHEN R. SHERMOEN, SR.,
Individually and as Trustee, etc. et al., Plaintiffs and
Appellants, v. FIRST ALLIED SECURITIES, INC. et al., Defendants and
Respondents, No. D067612 (Cal. Ct. App.).

After their investments dropped in value, plaintiffs Stephen
Shermoen, Sr., and Nancy Shermoen sued Advanced Equities, Inc.
(AEI), First Allied Securities, Inc. (FASI), Adam Antoniades
(FASI's CEO), and other individuals and entities for
misrepresentations and omissions, fiduciary breach, and securities
law violations.1 FASI and Antoniades (herein, defendants)
successfully moved for summary judgment on plaintiffs' second
amended complaint (SAC).

On appeal, plaintiffs argue defendants failed to meet their burden
on summary judgment because the evidence they proffered was
inadmissible and insufficient. They also claim that even if
defendants met their burden, plaintiffs offered competent evidence
demonstrating a triable issue as to each cause of action.

The appellate court, however, affirmed the trial court's judgment.
"Defendants met their burden to show, and plaintiffs failed to
rebut, the lack of a triable issue of material fact as to each of
the causes of action against them. Plaintiffs made their
investments through AEI and their AEI broker, Jared Slater, not
FASI. Defendants proffered uncontroverted evidence they never made
representations to plaintiffs, through Slater or otherwise, and
that at all relevant times, AEI and FASI operated as completely
independent companies," said the appellate court.

A full-text copy of the appellate court's July 29, 2016 ruling is
available at https://is.gd/YrinPd from Leagle.com.

Plaintiffs and Appellants are represented by:

          Kevin J. Mirch, Esq.
          Marie C. Mirch, Esq.
          Erin E. Hanson, Esq.
          MIRCH LAW FIRM
          750 B Street, Suite 2500
          San Diego, CA 92101
          Tel: (619)501-6220
          Fax: (619)501-6980

Defendants and Respondents are represented by:

          Michael L. Kirby, Esq.
          Ryan S. Kirby, Esq.
          Michael L. Kirby, Esq.
          Ryan S. Kirby, Esq.
          KIRBY NOONAN LANCE & HOGE
          501 West Broadway Suite 1720
          San Diego, CA 92101
          Tel: (619)487-1500

                     About Fisker Automotive

Fisker Automotive Holdings, Inc., developer of the Karma plug-in
hybrid electric sedan, filed a petition for Chapter 11 protection
(Bankr. D. Del. Case No. 13-13087) on Nov. 22, 2013.

Fisker estimated assets of more than $100 million and listed debt
of $500 million in its bankruptcy petition.  The assets include an
assembly plant purchased for $21 million from General Motors Corp.
The plant never operated.  The cars were assembled in Finland.

Fisker received a $529 million loan from the Department of
Energy's Advanced Technology Vehicles Manufacturing Loan Program
and drew down about $192 million before the department froze the
loan after Fisker failed to hit several development targets.  The
company defaulted on its loan in April 2013.

Bankruptcy Judge Kevin Gross presides over the case.  The Debtors
have tapped James H.M. Sprayregen, P.C., Esq., Anup Sathy, P.C.,
Esq., and Ryan Preston Dahl, Esq., at Kirkland & Ellis LLP, in
Chicago, Illinois, as co-counsel; Laura Davis Jones, Esq., James
E. O'Neill, Esq., and Peter J. Keane, Esq., at Pachulski Stang
Ziehl & Jones LLP, in Wilmington, Delaware, as co-counsel;
Beilinson Advisory Group as restructuring advisors; and Rust
Consulting/Omni Bankruptcy, as notice and claims agent and
administrative advisor.

On Nov. 5, 2013, the Official Committee of Unsecured Creditors
was appointed. The members are: (a) David M. Cohen; (b) Sven
Etzelsberger; (c) Kuster Automotive Door Systems GmbH; (d) Magna
E-Car USA, LLC; (e) Supercars & More SRL; and (f) TK Holdings Inc.
The Committee is represented by William R. Baldiga, Esq., and
Sunni P. Beville, Esq., at Brown Rudnick LLP; and Mark Minuti,
Esq., at Saul Ewing LLP.  Emerald Capital Advisors Corp. is the
financial advisors for the Committee.

Fisker sought bankruptcy protection to pursue a private sale of
its business to Hybrid Tech Holdings, LLC.  The Committee,
however, wants a sale public sale, and has identified Wanxiang
America Corporation as stalking horse bidder.

Hybrid was initially under contract to buy Fisker in exchange for
$75 million of the $168.5 million government loan it acquired
immediately before the Debtor's Chapter 11 filing.  Hybrid later
raised its offer by adding an additional $1 million cash and
agreeing to share proceeds from the sale of a facility in Delaware
it doesn't intend to operate.  Hybrid also offered to pay real
estate taxes on the Delaware plant.  Hybrid also will waive $90
million in deficiency claims that otherwise would dilute unsecured
creditors' recovery.

Wanxiang, as stalking horse bidder, initially offered $25.8
million in cash.  However, Wanxiang has said it has raised its
offer by $10 million and is willing to go higher.

After the hearings on Jan. 10 and 13, the Court directed a public
auction, and capped Hybrid's credit bid to $25 million.

In response, Hybrid raised its offer to $55 million.

Hybrid is represented by Tobias Keller, Esq., and Peter
Benvenutti, Esq., at Keller & Benvenutti LLP, in San Francisco,
California.

Wanxiang, which bought A123 Systems, Inc., a manufacturer of
lithium-ion batteries used in electric vehicles such as the Fisker
Karma, in a bankruptcy auction early in 2013 for $256.6 million,
is represented in Fisker's case by Sidley Austin LLP's Bojan
Guzina, Esq., and Andrew F. O'Neill, Esq.; and Young Conaway
Stargatt & Taylor, LLP's Edmon L. Morton, Esq., Robert S. Brady,
Esq., and Kenneth J. Enos, Esq.

On Feb. 19, 2014, the Bankruptcy Court approved the sale of
Fisker's assets to Wanxiang America Corporation.  The sale closed
on March 24.  The sale to Wanxiang is valued at approximately $150
million, Fisker said in a news statement.

On March 27, 2014, the Court authorized Fisker Automotive Holdings
to change its name to FAH Liquidating Corp. and its affiliate,
Fisker Automotive Inc., to FA Liquidating Corp., following the
sale.

FA Liquidating Corp. (F/K/A Fisker Automotive, Inc.) and FAH
Liquidating Corp. (F/K/A Fisker Automotive Holdings, Inc.)
notified the U.S. Bankruptcy Court for the District of Delaware
that their Second Amended Chapter 11 Plan of Liquidation became
effective as of Aug. 13, 2014.


FRENCHTOWN DRUG STORE: Court Denies Confirmation of Ch. 11 Plan
---------------------------------------------------------------
Judge Kathryn C. Ferguson of the United States Bankruptcy Court for
the District of New Jersey denied the confirmation of Frenchtown
Drug Store, Inc.'s amended Chapter 11 Small Business Plan after
finding that the Plan does not satisfy section 1129(b)(2)(B)(ii) of
the Bankruptcy Code.

A full-text copy of Judge Ferguson's August 8, 2016 memorandum
opinion is available at
http://bankrupt.com/misc/njb15-23943-141.pdf

Debtor is represented by:

          David L. Marshalll, Esq.
          EASTBURN & GRAY, PC
          60 East Court Street
          Doylestown, PA 18901
          Tel: (215)345-7000
          Fax: (215)345-9142
          Email: dmarshall@eastburngray.com

Rochester Drug Cooperative, Inc. is represented by:

          Michael S. Weinstein, Esq.          
          GOLENBOCK EISEMAN ASSOR BELL & PESKOE LLP
          437 Madison Avenue
          New York, NY 10022
          Tel: (212)907-7347
          Fax: (212)754-0777
          Email: mweinstein@golenbock.com

Interested Parties Albert and Karen Giarretta are represented by:

          Michael J. Shavel, Esq.
          HILL WALLACK LLP
          21 Roszel Road
          Princeton, NJ 08543
          Tel: (609)924-0808
          Fax: (609)452-1888
          Email: mshavel@hillwallack.com

Frenchtown Drug Store, Inc., filed a Chapter 11 petition (Bankr.
D.N.J. Case No. 15-23943) on July 24, 2015, and is represented by
Grace Michelle Deon, Esq., at Eastburn and Gray, P.C.


FUNCTION(X) INC: Registers 74.4 Million Shares for Resale
---------------------------------------------------------
Function(x) Inc. filed with the Securities and Exchange Commission
a Form S-1 registration statement relating to the offering by the
selling stockholders of the Company of up to 74,444,471 shares of
common stock, par value $0.001 per share.  These shares include
48,888,906 shares of common stock issuable upon conversion of
convertible debentures and 25,555,565 shares of common stock
underlying warrants to purchase the Company's common stock issued
to certain of the selling stockholders in connection with a private
placement of convertible debentures and warrants completed on July
12, 2016.

The Company is not selling any shares of common stock and will not
receive any proceeds from the sale of the shares under this
prospectus.  Upon the exercise of the warrants for shares of the
Company's common stock by payment of cash, however, the Company
will receive the exercise price of the warrants, which is $0.3264
per share.

The Company has agreed to bear all of the expenses incurred in
connection with the registration of these shares.  The selling
stockholders will pay or assume brokerage commissions and similar
charges, if any, incurred for the sale of shares of the Company's
common stock.

The Company's common stock is traded on the NASDAQ Capital Market
under the symbol "FNCX".  On Aug. 8, 2016, the closing price of the
Company's common stock was $0.28 per share.

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

                      https://is.gd/CnWhNH

                      About Function(x)Inc.

Function(x)Inc., formerly known as DraftDay Fantasy Sports Inc.,
offers a high quality daily fantasy sports experience directly to
consumers and to businesses desiring turnkey solutions to new
revenue streams.  DraftDay Fantasy Sports Inc. is the largest
shareholder of DraftDay Gaming Group, with a 44% stake.  Sportech
owns 35%.  By combining and capitalizing on the well-established
operational business assets of DraftDay and Sportech, the new
DraftDay is well-positioned to become a significant player in the
explosive fantasy sports market.  DraftDay has paid out over $30
million in prizes with increased player retention and brand
loyalty.  DraftDay Fantasy Sports also operates MyGuy and Viggle
Football both of which offer real-time interactive participation
with professional and college football games; Wetpaint, which
offers entertainment and celebrity news; and Choose Digital, a
digital marketplace platform that allows companies to incorporate
digital content into existing rewards and loyalty programs in
support of marketing and sales initiatives.

"The Company is unlikely to generate significant revenue or
earnings in the immediate or foreseeable future.  The continuation
of the Company as a going concern is dependent upon the continued
financial support from its stockholders, the ability of the Company
to obtain necessary equity or debt financing to continue
development of its business and to generate revenue.  Management
intends to raise additional funds through equity and/or debt
offerings until sustainable revenues are developed.  There is no
assurance such equity and/or debt offerings will be successful and
therefore there is substantial doubt about the Company's ability to
continue as a going concern within one year after the financial
statements are issued," according to the Company's quarterly report
for the period ended Dec. 31, 2015.

As of March 31, 2016, DraftDay had $32.4 million in total assets,
$48.6 million in total liabilities, $12.5 million in series C
convertible redeemable preferred stock and a $28.6 million total
stockholders' deficit.


FUSION TELECOMMUNICATIONS: Incurs $2.96 Million Net Loss in Q2
--------------------------------------------------------------
Fusion Telecommunications International, Inc., filed with the
Securities and Exchange Commission its quarterly report on Form
10-Q disclosing a net loss attributable to common stockholders of
$2.96 million on $30.42 million of revenues for the three months
ended June 30, 2016, compared to a net loss attributable to common
stockholders of $1.34 million on $25.06 million of revenues for the
three months ended June 30, 2015.

For the six months ended June 30, 2016, the Company reported a net
loss attributable to common stockholders of $7.03 million on $63.60
million of revenues compared to a net loss of $6.02 million on
$50.32 million of revenues for the same period last year.

As of June 30, 2016, Fusion had $100.49 million in total assets,
$90.37 million in total liabilities and $10.12 million in total
stockholders' equity.

"Since our inception, we have incurred significant net losses.  At
June 30, 2016, we had working capital deficit of approximately $1.2
million and stockholders' equity of $10.1 million.  At December 31,
2015, we had working capital of $1.7 million and stockholders’
equity of approximately $14.5 million.  Our consolidated cash
balance at June 30, 2016 was $3.8 million as compared to $7.5
million at December 31, 2015.  While we believe we have sufficient
cash to fund our operations and meet our operating and debt
obligations for the next twelve months, we may be required to raise
additional capital to support our business plan.  There can be no
assurances that such funds will be available to the Company as and
when needed or on terms deemed by us to be acceptable.  

"We have never paid cash dividends on our common stock, and we do
not anticipate paying cash dividends on our common stock in the
foreseeable future.  We intend to retain all of our earnings, if
any, for general corporate purposes, and, if appropriate, to
finance the expansion of our business.  Subject to the rights of
holders of our outstanding preferred stock, any future
determination to pay dividends is at the discretion of Fusion's
Board of Directors, and will be dependent upon our financial
condition, operating results, capital requirements, general
business conditions, the terms of our credit facilities,
limitations under Delaware law and other factors that Fusion's
Board of Directors and senior management consider appropriate.

"The holders of our Series A Preferred Stock are entitled to
receive cumulative dividends of 8% per annum payable in arrears, as
and if declared by Fusion's Board of Directors.  The holders of our
Series B-2 Preferred Stock are entitled to receive quarterly
dividends at an annual rate of 6%.  These dividends can be paid, at
the Company's option, either in cash or, under certain
circumstances, in shares of Fusion's common stock.

"Through June 30, 2016, Fusion's Board had never declared dividends
on any series of the Series A Preferred Stock, and, as a result,
the Company had accumulated approximately $4.5 million of preferred
stock dividends.  The Fusion Board of Directors declared a dividend
of $184,215 for the three months ended June 30, 2016 on the Series
B-2 Preferred Stock, which, as permitted by the terms of the Series
B-2 Preferred Stock, was paid in the form of 95,630 shares of
Fusion's common stock," as dislosed in the report.

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

                    https://is.gd/2mV0lT

               About Fusion Telecommunications

New York City-based Fusion Telecommunications International, Inc.,
(OTC BB: FSNN) is a provider of Internet Protocol ("IP") based
digital voice and data communications services to corporations and
carriers worldwide.

Fusion reported a net loss attributable to common stockholders of
$9.80 million on $101.69 million of revenues for the year ended
Dec. 31, 2015, compared to a net loss attributable to common
stockholders of $4.31 million on $92.05 million of revenues for the
year ended Dec. 31, 2014.


GAMESBOUTIKE INC: Hires Behar Gutt as Attorney
----------------------------------------------
Gamesboutike, Inc. seeks authorization from the U.S. Bankruptcy
Court for the Southern District of Florida to employ Brian S. Behar
of Behar, Gutt & Glazer, P.A. as attorney.

The Debtor requires Behar Gutt to:

   (a) give advice to the Debtor with respect to its powers and
       duties as a debtor-in-possession, and the continued
       management of its business operations;

   (b) advise the Debtor with respect to its responsibilities in
       complying with the U.S. Trustee's Operating Guidelines and
       Reporting Requirements and with the rules of the Court;

   (c) prepare motions, pleadings, orders, applications, adversary

       proceedings, and other legal documents necessary in the
       administration of the case; and

   (e) protect the interests of the Debtor with its creditors in
       the preparation of a Plan.

Behar Gutt will be paid at these hourly rates:

       Partners             $400
       Associates           $335

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

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

Behar Gutt can be reached at:

       Brian S. Behar, Esq.
       BEHAR, GUTT & GLAZER, P.A.
       DCOTA, Suite A-350
       1855 Griffin Road
       Fort Lauderdale, FL 33004
       Tel: (305) 931-3771
       Fax: (305) 931-3774
       E-mail: bsb@bgglaw.net

Gamesboutike, Inc., filed a Chapter 11 bankruptcy petition (Bankr.
S.D. Fla. Case No. 16-20506) on July 28, 2016.  The Debtor is
represented by Brian S. Behar, Esq.


GATES GROUP: Bank Debt Trades at 2% Off
---------------------------------------
Participations in a syndicated loan under Gates Group is a borrower
traded in the secondary market at 97.80 cents-on-the-dollar during
the week ended Friday, August 5, 2016, according to data compiled
by LSTA/Thomson Reuters MTM Pricing.  This represents a decrease of
0.15 percentage points from the previous week.  Gates Group pays
325 basis points above LIBOR to borrow under the $2.49 billion
facility.  The bank loan matures on June 18, 2021 and carries
Moody's B2 rating and Standard & Poor's B+ rating.  The loan is one
of the biggest gainers and losers among 247 widely quoted
syndicated loans with five or more bids in secondary trading for
the week ended August 5.


GCC-CHASE: Bankr. Court Recommends Mediation in Ownership Suit
--------------------------------------------------------------
Judge Laura T. Beyer of the United States Bankruptcy Court for the
Western District of North Carolina, Charlotte Division, recommended
that the United States District Court withdraw reference of an
adversary proceeding pursuant to 28 U.S.C. section 157(d) for the
limited purpose of ordering a global mediation between the parties
to the adversary proceeding and a nearly identical case pending in
the district court, case no. 3:16-cv-00200.

The adversary proceeding is PROVIDENCE REAL ESTATE VENTURES, LLC,
Plaintiff, v. GREAT CIRCLE CAPITAL, LLC; CHRISTOPHER NEEDHAM;
GEORGE W. COURLAS; JAMES M. THORBURN; GCH2, LLC; AND KEYSTONE,
L.L.C., Defendants, Adversary Proceeding No. 16-3271 (Bankr.
W.D.N.C.).

The bankruptcy case is In re: GCC-CHASE, LLC, Chapter 11, Debtor,
Case No. 15-31901 (Bankr. W.D.N.C.).

A full-text copy of Judge Beyer's July 29, 2016 order is available
at https://is.gd/LegNwR from Leagle.com.

Providence Real Estate Venture, LLC is represented by:

          Steven M. Berman, Esq.
          Seth P. Traub, Esq.
          SHUMAKER, LOOP & KENDRICK, LLP
          Bank of America Plaza
          101 E. Kennedy Boulevard, Suite 2800
          Tampa, FL 33602
          Tel: (813)229-7600
          Fax: (813)229-1660
          Email: sberman@slk-law.com
                 straub@slk-law.com

            -- and --

          David M. Grogan, Esq.
          SHUMAKER, LOOP & KENDRICK, LLP
          101 South Tryon Street, Suite 2200
          Charlotte, NC 28280
          Tel: (704)375-0057
          Fax: (704)332-1197
          Email: dgrogan@slk-law.com

            -- and --

          Richard Andrew Hutchinson, Esq.
          BAKER DONELSON BEARMAN CALDWELL BERKOWITZ P.C.
          100 Med Tech Parkway, Suite 200
          Johnson City, TN 37604
          Tel: (423)928-0181
          Fax: (423)928-5694
          Email: dhutchinson@bakerdonelson.com

GCC-Chase, LLC is represented by:

          Richard S. Wright, Esq.
          MOON WRIGHT & HOUSTON, PLLC
          227 W. Trade Street, Suite 1800
          Charlotte, NC 28202
          Tel: (704) 944-6564
          Fax: (704) 944-0380
          Email: rwright@mwhattorneys.com

Great Circle Capital, LLC is represented by:

          John R. Buric, Esq.
          JAMES MCELROY DIEHL
          600 South College Street
          Charlotte, NC 28202
          Tel: (704)372-9870
          Fax: (704)350-9316
          Email: jburic@jmdlaw.com

Christopher Needham is represented by:

          Richard H. Tomberlin, Esq.
          312 W. Trade Street, Suite 502
          Charlotte, N.C. 28202
          Fax: (704)373-1308
          Email: rht@tomberlinlaw.com


GELTECH SOLUTIONS: Incurs $887,000 Net Loss in Second Quarter
-------------------------------------------------------------
GelTech Solutions, Inc. filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $887,393 on $484,934 of sales for the three months ended June
30, 2016, compared to a net loss of $1.69 million on $433,246 of
sales for the three months ended June 30, 2015.

For the six months ended June 30, 2016, the Company reported a net
loss of $2.47 million on $703,304 of sales compared to a net loss
of $3.38 million on $533,603 of sales for the same period last
year.

As of June 30, 2016, Geltech had $2.35 million in total assets,
$7.61 million in total liabilities and a total stockholders'
deficit of $5.25 million.

As of Aug. 12, 2016, the Company had approximately $286,000 in
available cash.

In August 2015, GelTech signed a $10 million Purchase Agreement
with Lincoln Park.  The Company also entered into a Registration
Rights Agreement with Lincoln Park whereby the Company agreed to
file a registration statement related to the transaction with the
SEC covering the shares that may be issued to Lincoln Park under
the Purchase Agreement.

Under the terms and subject to the conditions of the Purchase
Agreement, GelTech has the right to sell, and Lincoln Park is
obligated to purchase, up to $10 million in shares of the Company's
common stock, subject to certain limitations, from time to time,
over the 30-month period commencing on the date that a registration
statement, which the Company agreed to file with the SEC pursuant
to the Registration Rights Agreement, is declared effective by the
SEC.  The Company filed the registration statement with the SEC on
Oct. 5, 2015, and it was declared effective by the SEC on Oct. 16,
2015.  Failure of the Company stock price to increase will impact
its ability to meet its working capital needs through Lincoln Park.


Until the Company generates sufficient revenue to sustain the
business, the Company's operations will continue to rely on Mr.
Michael Reger's investments and the Purchase Agreement with Lincoln
Park.  If Mr. Reger were to cease providing working capital, the
stock price were to fall below the floor price in the Purchase
Agreement with Lincoln Park or the Company is unable to generate
substantial cash flows from sales of its products or complete
financings, the Company may not be able to remain operational.
Although the Company does not anticipate the need to purchase any
additional material capital assets in order to carry out our
business, it may be necessary for the Company to purchase
additional support vehicles or mixing base equipment in the future,
depending on demand.

The Company's quarterly report on Form 10-Q is available from the
SEC website at https://is.gd/lF4eAY

                          About GelTech

Jupiter, Fla.-based GelTech Solutions. Inc., is a Delaware
corporation organized in 2006.  The Company markets four products:
(1) FireIce(R), a water soluble fire retardant used to protect
firefighters, structures and wildlands; (2) Soil2O(R) 'Dust
Control', its new application which is used for dust mitigation in
the aggregate, road construction, mining, as well as, other
industries that deal with daily dust control issues; (3)
Soil2O(R), a product which reduces the use of water and is
primarily marketed to golf courses, commercial landscapers and the
agriculture market; and (4) FireIce(R) Home Defense Unit, a system
for applying FireIce(R) to structures to protect them from
wildfires.

For the year ended June 30, 2015, the Company reported a net loss
of $5.51 million on $800,365 of sales compared to a net loss of
$7.11 million on $814,587 of sales for the year ended June 30,
2014.

The Company's auditors Salberg & Company, P.A., in Boca Raton,
Florida, issued a "going concern" qualification on the consolidated
financial statements for the year ended Dec. 31, 2015, citing that
the Company has a net loss and net cash used in operating
activities in of $2,638,580 and $2,146,501, respectively, for the
six months ended Dec. 31, 2015, and has an accumulated deficit and
stockholders' deficit of $43,285,883 and $4,482,416, respectively,
at Dec. 31, 2015.  These matters raise substantial doubt about the
Company's ability to continue as a going concern.


GENERAL MOTORS: Continues to Seek Shield from Ignition-Switch Suits
-------------------------------------------------------------------
Tom Corrigan, writing for The Wall Street Journal, reported that
General Motors Co. sought a rehearing of an appeals court ruling
that exposes it to hundreds of potential lawsuits and some $10
billion in liabilities from faulty ignition switches.

Lawyers for the nation’s largest auto maker said the court made
two "fundamental errors" when it ruled in July against the
company's efforts to use its 2009 bankruptcy to shield itself from
the litigation over the ignition switches.

The decision "makes no sense and is flatly contrary to the
bankruptcy code and decisions from other courts," the Detroit auto
maker said, the report related.  GM said the court's decision, if
not reversed, would permanently damage the bankruptcy process that
saved it from collapse in 2009, the report further related.

The Second U.S. Circuit Court of Appeals in Manhattan denied GM's
attempt to use its bankruptcy to block lawsuits seeking potential
claims over the defective ignition switches, which have been linked
to 124 deaths, the report recalled.  The ruling overturned a
bankruptcy judge's earlier decision to bar claims that arose before
its chapter 11 filing, the report said.

Steve Berman, a plaintiffs' lawyer involved in the GM litigation,
said the Second Circuit rarely grants requests for a rehearing, and
noted the court's decision was unanimous, the report pointed out.
"I'm not too worried," the report cited Mr. Berman as saying.

                    About General Motors

With its global headquarters in Detroit, Michigan, General Motors
-- http://www.gm.com/-- is one of the world's largest automakers,

traces its roots back to 1908.

General Motors Co. was formed to acquire the operations of
General Motors Corp. through a sale under 11 U.S.C. Sec. 363
following Old GM's bankruptcy filing.  The U.S. government
provided financing.  The deal was closed July 10, 2009, and Old GM
changed its name to Motors Liquidation Co.

Old GM -- General Motors Corporation -- filed for Chapter 11
protection (Bankr. S.D.N.Y. Lead Case No. 09-50026) on June 1,
2009.  The Honorable Robert E. Gerber presides over the
Chapter 11 cases.  The Debtors tapped Weil, Gotshal & Manges LLP
Jenner & Block LLP and Honigman Miller Schwartz and Cohn LLP as
counsel; and Morgan Stanley, Evercore Partners and the Blackstone
Group LLP as financial advisor.  Garden City Group is the claims
and notice agent of the Debtors.

The U.S. Trustee appointed an Official Committee of Unsecured
Creditors and a separate Official Committee of Unsecured
Creditors Holding Asbestos-Related Claims.  Lawyers at Kramer
Levin Naftalis & Frankel LLP served as bankruptcy counsel to the
Creditors Committee.  Attorneys at Butzel Long served as counsel
on supplier contract matters.  FTI Consulting Inc. served as
financial advisors to the Creditors Committee.  Elihu Inselbuch,
Esq., at Caplin & Drysdale, Chartered, represented the Asbestos
Committee.  Legal Analysis Systems, Inc., served as asbestos
valuation analyst.

The Bankruptcy Court entered an order confirming the Debtors'
Second Amended Joint Chapter 11 Plan on March 29, 2011.  The Plan
was declared effect on March 31.

On Dec. 15, 2011, Motors Liquidation was dissolved.  On the
Dissolution Date, pursuant to the Plan and the Motors Liquidation
Company GUC Trust Agreement, dated March 30, 2011, between the
parties thereto, the trust administrator and trustee
-- GUC Trust Administrator -- of the Motors Liquidation Company
GUC Trust, assumed responsibility for the affairs of and certain
claims against MLC and its debtor subsidiaries that were not
concluded prior to the Dissolution Date.


GENERAL PRODUCTS: Taps Robert Zimmer as Consultant
--------------------------------------------------
General Products Corporation seeks authorization from the U.S.
Bankruptcy Court for the Eastern District of Michigan to employ
Robert W. Zimmer & Associates, LLC ("Zimmer") as consultant.

The Debtor requires Zimmer to:

   (a) provide financial and operational duties typically
       associated with the scope of the role of chief financial   
       officer of the Debtor;

   (b) work closely with Blue-Water Partner, LLC, the proposed
       financial advisor of the Debtor, Debtor's CEO, and with
       such other members of the Debtor's management as the
       financial advisor and chief executive officer may designate

       with the goal of developing and maintaining complete and
       accurate financial information for the Debtor; and

   (c) provide testimony in court if necessary or as reasonably
       requested by the Debtor's counsel with respect to matters
       upon which Zimmer has provided advice or professional   
       opinions to the Debtor.

Zimmer will charge the Debtor a customary fee of $1,500 per day,
plus expenses, payable on a weekly basis.

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

Prior to the commencement of this Chapter 11 case, the Debtor paid
a prepetition retainer in the amount of $36,000 to be held in trust
and applied to any unpaid prepetition or post-petition services
provided by Zimmer.

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

Zimmer can be reached at:

       Robert W. Zimmer
       ROBERT W. ZIMMER & ASSOCIATES, LLC
       9941 So Mansfield Avenue
       Oak Lawn, IL 60453
       Tel: (708) 207-6103
       E-mail: robert.zimmer@comcast.net

                      About General Products

General Products Corporation and General Products Mexico, LLC, both
based in Livonia, MI, filed a Chapter 11 petition (Bankr. E.D.
Mich. Case Nos. 16-49267 and 16-49269) on June 27, 2016.  The Hon.
Thomas J. Tucker (16-49267) and Walter Shapero (16-49269) preside
over the case. Rachel L. Hillegonds, Esq. and John T. Piggins,
Esq., at Miller Johnson, as bankruptcy counsel.

In its petition, General Products Corporation estimated $50 million
to $50 million in both assets and liabilities.  General Products
Mexico estimated $50,000 to $50 million in both assets and
liabilities.  The petition was signed by Andrew Masullo, president
and chief executive officer.

The Office of the U.S. Trustee appointed five creditors of General
Products to serve on the official committee of unsecured creditors.


GENIUS BRANDS: Unit Signs $5.27M Loan Agreement with Bank Leumi
---------------------------------------------------------------
Llama Productions LLC, a wholly-owned subsidiary of Genius Brands
International, Inc., signed a Loan and Security Agreement with Bank
Leumi USA pursuant to which the Lender agreed to make a secured
loan in an aggregate amount not to exceed $5,275,000 to Llama.  The
proceeds of the Loan will be used to pay a portion of the
production of 15 episodes of the animated series Llama Llama to be
initially exhibited on Netflix.

To secure payment of the Loan, Llama has granted to the Lender a
continuing security interest in and against, generally, all of its
tangible and intangible assets.

Under the Loan and Security Agreement, Llama can request revolving
loan advances under (a) the Prime Rate Loan facility and (b) the
LIBOR Loan facility, each as further described in the Loan and
Security Agreement.  Prime Rate Loan advances will bear interest,
on the outstanding balance thereof, at a fluctuating per annum rate
equal to 1.0% plus the Prime Rate (as such term is defined in the
Loan and Security Agreement).  LIBOR Loan advances will bear
interest, on the outstanding balance thereof, for the period
commencing on the funding date and ending on the date which is one
(1), three (3) or six (6) months thereafter, at a per annum rate
equal to 3.25% plus the LIBOR determined for the applicable
Interest Period (as such terms are defined in the Loan and Security
Agreement).

The term of the Prime Rate Loan facility and LIBOR Loan facility is
40 months from the date of the Loan and Security Agreement.

A full-text copy of the Loan and Security Agreement is available
for free at https://is.gd/fM5Qhm

                      About Genius Brands

Beverly Hills, Calif.-based Genius Brands International, Inc.,
creates and distributes music-based products which it believes are
entertaining, educational and beneficial to the well-being of
infants and young children under its brands, including Baby Genius
and Little Genius.

Genius Brands reported a net loss of $3.48 million on $907,983 of
total revenues for the year ended Dec. 31, 2015, compared to a net
loss of $3.72 million on $926,000 of total revenues for the year
ended Dec. 31, 2014.  As of Dec. 31, 2015, Genius Brands had $18.9
million in total assets, $4.74 million in total liabilities and
$14.1 million in total equity.


GLENN PARTUSCH: Plan Outline Ok'd, Confirmation Hearing on Sept. 6
------------------------------------------------------------------
The U.S. Bankruptcy Court for the District of New Jersey will
consider approval of the Chapter 11 plan of Glenn and Frances
Partusch at a hearing on September 6.  

The court had earlier issued an order approving the Debtors'
disclosure statement, allowing them to start soliciting votes from
creditors.  

The August 4 order required creditors to cast their votes and file
their objections to the plan not less than seven days before the
hearing.

                            About The Partuschs

Glenn N. Partusch and Frances Partusch sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. D.N.J. Case No. 15-29537)
on October 16, 2015.  

The case is assigned to Judge Christine M. Gravelle.  The Debtors
are represented by Jules L. Rossi, Esq.


GLOBAL GEOPHYSICAL: Unsecured Creditors to Get 7% Under Plan
------------------------------------------------------------
Global Geophysical Services, LLC, Global Geophysical Services, Inc.
and certain of its subsidiaries submit their Disclosure Statement
for use in the solicitation of votes on the Prepackaged Plan of
Liquidation.

The Plan provides for substantive consolidation of the Debtors'
Estates for purposes of voting, confirmation, and making
distributions to the holders of Allowed Claims under the Plan,
among other things.

The Plan proposes the following classification and treatment of
Claims:

    Class 1. First Lien Claims. The First Lien Claims will be
Allowed in an aggregate amount equal to $85,104,644. Each holder
thereof will receive its Pro Rata share of: (a) the NewCo common
stock; (b) the rights of lenders with respect to any portion of the
Debtors' obligations with respect to the First Lien Claims that is
assumed by NewCo; and (c) the rights of lenders under the
Liquidating Companies Exit Credit Agreement with respect to any
Assumed First Lien Debt in full and final satisfaction of the
Allowed First Lien Claims.  Holders of Class 1 Claims are projected
to recover 76% of their allowed claims, estimated to total
$85,104,644.

     Class 2. Second Lien Claims. The Second Lien Claims will be
deemed Allowed Claims in the amount of $40,445,999. Each holder of
an Allowed Second Lien Claim will receive, in full and final
satisfaction of its Allowed Second Lien Claims, its Pro Rata share
of Distributable Cash to be distributed by the Liquidating
Companies from time to time in accordance with the Waterfall.
Holders of Class 2 Claims are projected to recover 7% of their
allowed claims, estimated to total $40,445,999.

     Class 3. Other Secured Claims. Each holder of an Allowed Other
Secured Claim will receive, at the Debtors' option, with the
consent of the Required First Lien Lenders: (a) the reinstatement
of such Claim against the applicable Liquidating Company; (b)
payment in full in Cash of the Allowed amount of such Other Secured
Claim by the Liquidating Companies; (c) the delivery of the
collateral securing any such Other Secured Claim and payment of any
interest required under section 506(b) of the Bankruptcy Code; (d)
such other treatment rendering such Other Secured Claim Unimpaired;
or (e) such other, less favorable treatment as may be agreed
between such holder and the Debtors, with the consent of the First
Lien Lenders.  Holders of Class 3 Claims are projected to recover
100% of their allowed claims, estimated to total $110,000.

     Class 4. Other Priority Claims. In satisfaction of each
Allowed Other Priority Claim, each holder thereof will receive the
following, at the option of the Debtors, with the consent of the
Required First Lien Lenders: (a) payment in full in Cash; (b) other
treatment rendering such Other Priority Claim Unimpaired; or (c)
such other, less favorable treatment as may be agreed between such
holder and the Debtors, with the consent of the First Lien Lenders.
Holders of Class 4 Claims are projected to recover 100% of their
allowed claims, estimated to total $0.

     Class 5. General Unsecured Claim. Each holder of an Allowed
General Unsecured Claim will receive, in full and final
satisfaction of its Allowed General Unsecured Claim, its Pro Rata
share of Distributable Cash to be distributed by the Liquidating
Companies from time to time in accordance with the Waterfall.
Holders of Class 5 Claims are projected to recover 7% of their
allowed claims, which are estimated to total $1,587,000.

     Class 6. Intercompany Claims. Each Intercompany Claim will
either be reinstated or cancelled in the Debtors' (or Liquidating
Companies') discretion, with the consent of the Required First Lien
Lenders.  Holders of Class 6 Claims are projected to recover 0-100%
of their allowed claims.

     Class 7. Intercompany Interests. Intercompany Interests will
be reinstated.  Holders of Class 7 Claims are projected to recover
100% of their allowed claims.

     Class 8. Parent Interests. All Parent Interests will be
cancelled, and holders of Parent Interests shall receive no
distribution on account of such Interests.  Holders of Class 8
Claims are projected to recover 0%.

The Plan does not classify Administrative Claims, Priority Tax
Claims and Fee Claims, the aggregate amount of which is estimated
to be approximately $1,680,000. The Claim recoveries for such
unclassified Claims will be paid 100% of the unpaid allowed amount
of such claim in cash on or as soon as reasonably practicable after
the effective date.

The Debtors are in negotiations with certain counter-parties to
executory contracts and believe that itemization of the estimated
$352,000 estimate of cure costs, or alternatively rejection damages
claims, on a contract-by-contract basis will impair the Debtors'
confidential negotiations and strategy.

The DIP Claims shall be deemed to be Allowed Claims under the Plan.
On the Effective Date, all of the Debtors' obligations with respect
to the DIP Claims shall be assumed by NewCo.

All Liquidating Company Assets will be sold or otherwise liquidated
or abandoned pursuant to the Plan. Any proceeds of such sale or
other liquidation will be used to fund the Wind-down Reserve (to
the extent of any shortfall therein), repay the Liquidating
Companies Working Capital Facility, make Distributions on account
of Administrative Claims, Fee Claims, U.S. Trustee Fees, Priority
Tax Claims, First Lien Agent Fees, Other Priority Claims, Other
Secured Claims, and thereafter become Distributable Cash.

The activities and operations of the Liquidating Companies and the
Plan Administrator will be funded through the Wind-down Reserve,
and shall be subject to the Winddown Budget. Upon the dissolution
of the Liquidating Companies, or such earlier time as it appears,
in the reasonable view of the Plan Administrator, that the
Wind-down Reserve is overfunded, all amounts remaining (or
constituting excess funds) in the Wind-down Reserve will be used to
repay the Liquidating Companies Working Capital Facility, make
Distributions on account of Administrative Claims, Fee Claims, U.S.
Trustee Fees, Priority Tax Claims, First Lien Agent Fees, Other
Priority Claims, Other Secured Claims, and thereafter become
Distributable Cash.

A full-text copy of the Disclosure Statement is available at
http://bankrupt.com/misc/txsb16-20306-13.pdf

Proposed Counsel to the Debtors:

     C. Luckey McDowell, Esq.
     Ian E. Roberts, Esq.
     Noah M. Schottenstein, Esq.
     BAKER BOTTS L.L.P.
     2001 Ross Avenue
     Dallas, Texas 75201-2980
     Telephone: 214.953.6500
     Facsimile: 214.953.6503
     E-mail: luckey.mcdowell@bakerbotts.com
             Ian.Roberts@bakerbotts.com
             noah.schottenstein@bakerbotts.com

               About Global Geophysical Services

Global Geophysical Services Inc., a provider of seismic data for
the oil and gas drilling industry, sought bankruptcy protection,
intending to reorganize on its own with additional capital or
explore a sale or other transaction.

Based in Missouri City, Texas, Global Geophysical disclosed assets
of $468.7 million and liabilities totaling $407.3 million as of
Sept. 30, 2013.  Liabilities include $81.8 million on a secured
term loan owing to TPG Specialty Lending Inc. and Tennenbaum
Capital Partners LLC.  TPG is the lenders' agent.  Global also
owes
$250 million on two issues of 10.5 percent senior unsecured notes,
with Bank of New York Mellon Trust Co. as indenture trustee.

Global Geophysical and five affiliates, including Autoseis, Inc.
(lead debtor), filed Chapter 11 petitions in Corpus Christi, Texas
(Bankr. S.D. Tex. Lead Case No. 14-20130) on March 25, 2014.  The
petitions were signed by Sean M. Gore, senior vice president and
chief financial officer.  The case is assigned to Judge Richard S.
Schmidt.

The Debtors are represented by C. Luckey McDowell, Esq., Omar
Alaniz, Esq., and Ian E. Roberts, Esq., at Baker Botts, LLP, in
Dallas, Texas; and Shelby A. Jordan, Esq., and Nathanial Peter
Holzer, Esq., at Jordan, Hyden, Womble, Culbreth, & Holzer, PC in
Corpus Christi, Texas.  Alvarez & Marsal serves as the Debtors'
restructuring advisors, Fox Rothschild Inc. as financial advisor,
and Prime Clerk as claims and noticing agent.

The U.S. Trustee for Region 7 selected seven creditors to the
Official Committee of Unsecured Creditors.  The Committee tapped
Greenberg Traurig, LLP as counsel; and Lazard Freres & Co. LLC and
Lazard Middle Market LLC, as financial advisors and investment
bankers.

The Ad Hoc Group of Noteholders and the DIP Lenders are
represented
by Marty L. Brimmage, Jr., Esq., Charles R. Gibbs, Esq., Michael
S.
Haynes, Esq., and Lacy M. Lawrence, Esq., at Akin Gump Strauss
Hauer & Feld LLP.

Prepetition secured lender TPG is represented by David M. Bennett,
Esq., Tye C. Hancock, Esq., and Joseph E. Bain, Esq., at Thompson
&
Knight LLP; and Adam C. Harris, Esq., Lawrence V. Gelber, Esq.,
David M. Hillman, Esq., and Brian C. Tong, Esq., at Schulte Roth &
Zabel LLP.


GREAT BASIN: Converts $13.8M 2015 Notes Into Common Shares
----------------------------------------------------------
On August 5 through August 9, 2016, certain holders of the 2015
Notes were issued shares of Great Basin Scientific, Inc.'s common
stock pursuant to Section 3(a)(9) of the United States Securities
Act of 1933, (as amended) in connection with the pre-installment
amount converted for the amortization date of Aug. 31, 2016.  In
connection with the pre-installments, the Company issued 14,551,811
shares of common stock upon the conversion of $5,681,027 principal
amount of 2015 Notes at a conversion price of $0.39.  In addition,
$1.7 million was released from the restricted cash accounts for use
by the Company.

As of Aug. 9, 2016, a total principal amount of $13,844,884 of the
2015 Notes has been converted into shares of common stock and
$8,255,116 principal remains to be converted.  A total of $3.7
million has been released from the restricted cash accounts and
$8.1 million remains in the restricted accounts.

The Company previously filed an 8-K on Aug. 4, 2016, and reported
26,572,490 shares outstanding, therefore as of Aug. 9, 2016, there
are 41,124,301 shares of common stock issued and outstanding.

                     About Great Basin

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

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

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

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


GREAT BASIN: Has 43.1M Outstanding Common Stock as of Aug. 12
-------------------------------------------------------------
On August 10 through August 12, 2016, certain holders of the 2015
Notes were issued shares of Great Basin Scientific, Inc.'s common
stock pursuant to Section 3(a)(9) of the United States Securities
Act of 1933, (as amended) in connection with the pre-installment
amount converted for the amortization date of Aug. 31, 2016.  In
connection with the pre-installments, the Company issued 2,000,000
shares of common stock upon the conversion of $780,800 principal
amount of 2015 Notes at a conversion price of $0.39.  In addition,
$0.8 million was released from the restricted cash accounts for use
by the Company.

As of Aug. 12, 2016, a total principal amount of $14.6 million of
the 2015 Notes has been converted into shares of common stock and
$7.47 million principal remains to be converted.  A total of $4.5
million has been released from the restricted cash accounts and
$7.3 million remains in the restricted accounts.

The Company previously filed an 8-K on Aug. 9, 2016, and reported
41,124,301 shares outstanding, therefore as of Aug. 12, 2016, there
are 43,124,301 shares of common stock issued and outstanding.

                       About Great Basin

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

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

As of June 30, 2016, Great Basin had $26.09 million in total
assets, $87.07 million in total liabilities and a total
stockholders' deficit of $60.98 million.

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


GREAT BASIN: Incurs $20.3 Million Net Loss in Second Quarter
------------------------------------------------------------
Great Basin Scientific, Inc., filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net loss of $20.27 million on $728,957 of revenues for the three
months ended June 30, 2016, compared to net income of $19.2 million
on $525,506 of revenues for the same period during the prior year.

For the six months ended June 30, 2016, the Company reported a net
loss of $53.9 million on $1.46 million of revenues compared to a
net loss of $52.01 million on $984,236 of revenues for the six
months ended June 30, 2015.

As of June 30, 2016, Great Basin had $26.09 million in total
assets, $87.07 million in total liabilities and a total
stockholders' deficit of $60.98 million.

"We have funded our operations to date primarily with net proceeds
from our IPO, our follow-on public offerings, cash exercises of
warrants, sales of our preferred stock, convertible notes, and
revenues from operations.  As of December 31, 2015 and June 30,
2016, we had approximately $4.8 million and $1.2 million,
respectively, in cash.  In addition, we have $13.2 million in
restricted cash that will be released throughout 2016 and 2017 as
certain equity conditions are met.  The cash will be used to
finance the continued growth in product sales, to invest in further
product development and to meet ongoing corporate needs.

"We have limited liquidity and have not yet established a
stabilized source of revenue sufficient to cover operating costs,
based on our current estimated burn rate.  Accordingly, as
discussed herein, our continuation as a going concern is dependent
upon our ability to generate greater revenue through increased
sales and/or our ability to raise additional funds through the
capital markets," the Company stated in the report.

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

                    https://is.gd/MKyOm0

                     About Great Basin

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

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

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


GREAT BASIN: Reports Second Quarter 2016 Results
------------------------------------------------
Great Basin Scientific, Inc., reported a net loss of $20.3 million
on $729,000 of revenues for the three months ended June 30, 2016,
compared to net income of $19.2 million on $526,000 of revenues for
the same period during the prior year.

For the six months ended June 30, 2016, the Company reported a net
loss of $53.9 million on $1.46 million of revenues compared to a
net loss of $52.01 million on $984,236 of revenues for the six
months ended June 30, 2015.

As of June 30, 2016, Great Basin had $26.1 million in total assets,
$87.1 million in total liabilities and a total stockholders'
deficit of $60.98 million.

"We continued to make significant strides in executing our
strategic initiatives including growing our customer base,
expanding use of assays within our customer base, and in meeting
our product development objectives," said Ryan Ashton, co-founder
and chief executive officer.  "Going forward, we're excited about
the commercial launch of our Shiga Toxin Direct Test and Staph ID/R
Panel which will double our line of FDA-cleared products and will
aid in building our total revenue base, increasing sales per
customer figures and reducing seasonality in our revenue stream."

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

                        https://is.gd/trFIkv

                         About Great Basin

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

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

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


GUEST STAR GROUP: Smiths Object to Disclosure Statement Approval
----------------------------------------------------------------
John H. Smith and Sheryl Smith object to the approval of Guest Star
Group, LLC's Disclosure Statement and confirmation of the Plan,
complaining that they did not receive any ballot in the Debtor's
case they cannot file such ballot when he received information that
the Debtor is going to dismiss the Chapter 11 case.

Attorneys for John Smith and Sheryl Smith:

      Steven N. Douglass, Esq.
      HARRIS SHELTON HANOVER WALSH, PLLC
      40 S. Main Street, Suite 2700
      Memphis, Tennessee 38103
      Telephone: (901) 525-1455
      Email: sdouglass@harrisshelton.com

              About Guest Star Group

Guest Star Group, LLC DBA Starlight Banquet Hall and Event Center
sought chapter 11 protection (Bankr. W.D. Tenn. Case No. 15-31987)
on December 17, 2015.  The Debtor is represented by Ted I. Jones,
Esq. at Jones & Garrett Law Firm.


GYMBOREE CORP: Bank Debt Trades at 23% Off
------------------------------------------
Participations in a syndicated loan under Gymboree Corp is a
borrower traded in the secondary market at 77.42
cents-on-the-dollar during the week ended Friday, August 5, 2016,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents a decrease of 0.58 percentage points from the
previous week.  Gymboree Corp pays 350 basis points above LIBOR to
borrow under the $0.82 billion facility. The bank loan matures on
Feb. 23, 2018 and carries Moody's Caa1 rating and Standard & Poor's
CCC+ rating.  The loan is one of the biggest gainers and losers
among 247 widely quoted syndicated loans with five or more bids in
secondary trading for the week ended August 5.


HAMPTON TRANSPORTATION: Trustee Selling Vehicles for $2.35M
-----------------------------------------------------------
Allan B. Mendelsohn, the Chapter 11 operating trustee of the
estates of Hampton Transportation Ventures, Inc., Schoolman
Transportation System, Inc., aka Classic Coach , and 1600 Locust
Avenue Associates, LLC, asks the U.S. Bankruptcy Court for the
Eastern District of New York to schedule a hearing on shortened
notice to consider his proposed bid procedures to govern
solicitation and submission of competing auction or sale proposals
in connection with the sale of vehicles to GA Global Partners
("GAG") for a guaranteed minimum of $2,350,000, subject to
overbid.

Both Hampton and Schoolman are in the business of offering first
class motor coach service in the tri-state area.  Hampton and
Schoolman operate out of the real property located a 1600 Locust
Avenue, Bohemia New York, which real property is owned by 1600
Locust and leased to Hampton and Schoolman.

The Vehicles are comprised of 24 coach buses, one trolley, two
mini-buses, and one simulator utilized by Hampton and Schoolman in
the operation of the Business.  The Trustee has determined that it
is no longer in the best interests of the Debtors' estates to
continue operation of the Business.

Big Shoulders Capital LLC has a first priority lien against certain
of the Vehicles.

Subsequent to his appointment, the Trustee was contacted by
numerous parties who expressed interest in purchasing the Vehicles
and interest in conducting an auction of the Vehicles.  BSC, the
secured creditor, has insisted that any auction proposal contain a
guaranteed minimum for the sale of the Vehicles.  To date, GAG's
proposal to conduct a public auction of the Vehicles is the highest
and best offer received by the Trustee which provides for a
guaranteed minimum of $2,350,000.

Under the Auction Agreement, GAG has agreed to act as the stalking
horse bidder with respect to the right to conduct an auction of the
Vehicles. GAG proposes to conduct an online auction of the Vehicles
at the Premises, free of rent and utilities, until Oct. 15, 2016.

The following terms and conditions will govern the auction sale of
the Vehicles:

   a. GAG will guarantee a minimum aggregate price for the Vehicles
of $2,350,000. The next $75,000 in proceeds from the auction will
be retained by GAG for expenses.

   b. GAG will implement a comprehensive multi-tiered marketing and
advertising campaign through direct mail, internet postings, and
search engines, and media advertising place in targeted
publications and newspapers, providing international reach.

   c. GAG will offer the Vehicles individually and/or in any
combination that would add the most value to the estates.

   d. The Vehicles will be sold "as is" "where is", without any
representations of any kind or nature whatsoever, including as to
merchantability or fitness for a particular purpose, and without
warranty or agreement as to the condition of the Vehicles, and free
and clear or any and all liens, claims, and encumbrances.

   e. A 10% buyer's premium will be added onto all sales for
auction fees ("Buyer's Premium").

   f. GAG will earn a 3% commission off of the base proceeds
throughout the auction.

The Auction Agreement provides certain bidding protections ("Bid
Protections") to GAG in exchange for acting as the stalking horse
bidder with respect to the right to conduct an auction of the
Vehicles on behalf of the Trustee. In particular, to be considered
a qualified bidder ("Qualified Bidder"), the party submitting a
competing bid ("Competing Bid") must provide evidence of their
financial ability to close under the terms of the Auction
Agreement, and (a) if such party is submitting a Competing Bid to
purchase the Vehicles, the party must agree to pay all cash, have
no financing, and guarantee the Trustee $2,425,000 in sale
proceeds, or (b) if such party is submitting a Competing Bid for
the right to conduct an auction of the Vehicles, the party must
guarantee a minimum of $2,425,000 in sale proceeds to the Trustee
and execute an agreement substantially similar to the Auction
Agreement.

The Auction Agreement further provides that GAG is entitled to a
break-up fee of $35,000 in the event a competing auction or sale
proposal is ultimately accepted by the Trustee ("Break-Up Fee").
GAG required that the effectiveness of the Auction Agreement be
conditioned upon entry of an Order approving the Bid Protections
and Break-Up Fee by Aug. 19, 2016.

The Trustee proposes to solicit bids for the right to conduct a
public auction of the Vehicles on behalf of the estates and for the
right to purchase the Vehicles from the estates pursuant to the Bid
Procedures set forth in the Trustee's proposed Bid Procedures
Order.

The Trustee proposes that the following terms and conditions of
sale govern the solicitation and submission of Competing Bids:

   a. To be deemed a Qualified Bidder, with respect to either the
right to conduct an auction sale of the Vehicles or to purchase the
Vehicles, by the Trustee, any person or entity must submit their
Competing Bid in writing and in accordance with the additional
terms and conditions set forth by Aug. 22, 2016 at 5:00 p.m. ("Bid
Deadline") to counsel to the Trustee.

   b. The person or entity submitting a Competing Bid must provide
evidence of their financial ability to close under the under the
terms of the Auction Agreement.

   c. To be considered a Qualified Bidder for the purchase of the
Vehicles, the person or entity submitting a Competing Bid must
agree to pay all cash, have no financing, and guarantee the Trustee
$2,425,000 in sale proceeds.

   d. To be considered a Qualified Bidder for the right to conduct
an auction of the Vehicles, the person or entity submitting a
Competing Bid must guarantee a minimum of $2,425,000 in sale
proceeds to the Trustee and such person or entity must execute an
agreement substantially similar to the Auction Agreement.

The Trustee believes that the expedited sale of the Vehicles is in
the best interests of the Debtors' estates and the creditors of
such estates.

A copy of the list of Vehicles attached to the Motion is available
for free at:

      
http://bankrupt.com/misc/Hampton_Transportation_84_Sales.pdf

                  About Hampton Transportation

Hampton Transportation Ventures, Inc. sought protection under
Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for
the Eastern District of New York (Central Islip) (Case No.
15-73837) on September 8, 2015.

The petition was signed by William Schoolman, CEO. The case is
assigned to Judge Alan S. Trust.

The Debtor disclosed total assets of $6.5 million and total debts
of $5.1 million.


HANCOCK FABRICS: Seeks Plan Filing Extension Until Dec. 2
---------------------------------------------------------
Hancock Fabrics, Inc., and its affiliated debtors ask the U.S.
Bankruptcy Court to extend by approximately two months the period
during which they have the exclusive right to file a Chapter 11
plan and the period during which they have the exclusive right to
solicit acceptances of that plan through and including December 2,
2016, and February 3, 2017, respectively.

The Debtors relate that they have devoted their energy to winding
down their business and affairs.  Particularly, they have (a)
rejected numerous burdensome executory contracts and unexpired
leases, (b) negotiated the assumption and assignment of certain
unexpired leases, and (c) sold their interest and right to payment
in certain class action litigation in connection with interchange
fees.

As a result, the Debtors have sold all or substantially all of
their assets and are working diligently towards finalizing a plan
of liquidation, which the Debtors expect to file in the coming
months.  Accordingly, extension of the Exclusive Periods will
provide the Debtors the time needed to finalize such a plan and
facilitate the means to conclude these chapter 11 cases.

Responses or objections to the Debtors' request for extension must
be filed with the Court on or before Aug. 22, 2016, and those
objections together with the Debtors' motion will be considered at
a hearing on Aug. 29.

Attorneys for the Debtors:

       Mark D. Collins, Esq.
       Michael J. Merchant, Esq.
       Rachel L. Biblo, Esq.
       Brett M. Haywood, Esq.
       RICHARDS, LAYTON & FINGER, P.A.
       One Rodney Square
       920 North King Street
       Wilmington, DE 19801
       Telephone: (302) 651-7700
       Facsimile: (302) 651-7701

       -- and --

       Stephen H. Warren, Esq.
       Karen Rinehart, Esq.
       O’MELVENY & MYERS LLP
       400 South Hope Street
       Los Angeles, CA 90071-2899
       Telephone: (213) 430-6000
       Facsimile: (213) 430-6407

       -- and --

       Jennifer Taylor, Esq.
       O’MELVENY & MYERS LLP
       Two Embarcadero Center, 28th Floor
       San Francisco, CA 94111
       Telephone: (415) 984-8900
       Facsimile: (415) 984-8701

               About Hancock Fabrics

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

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

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

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

The U.S. Trustee on Feb. 11, 2016, appointed an official committee
of unsecured creditors.


HANCOCK FABRICS: Selling IP Assets to ADMACO
--------------------------------------------
Hancock Fabrics, Inc. and affiliates, filed with the U.S.
Bankruptcy Court for the District of Delaware a notice disclosing
the sale of certain personally identifiable information of their
customers ("IP Assets") to ADMACO, Inc.

On May 24, 2016, the Court entered the Order Approving (A) Bid
Procedures, (B) Procedures for Assumption and Assignment of
Executory Contracts and Unexpired Leases, and (C) Related Notices
and Relief ("Bid Procedures Order").

On June 21, 2016, in accordance with the Bid Procedures Order, an
auction was conducted at the offices at Richards, Layton & Finger,
P.A., at which ADMACO was determined to be the successful bidder
for the IP Assets. On that same day, a Notice of Successful Bidder
was filed with the Court indicating the results of the Auction.

On Aug. 1, 2016, the Consumer Privacy Ombudsperson filed the Report
to the Court, which, among other things, advised the Court on
certain issues related to the protection of personally identifiable
information ("PII") of the customers of the Debtors.

On Aug. 2, 2016, the Court entered the Order (A) Approving the Sale
of the Debtors' Intellectual Property Assets Free and Clear of All
Liens, Claims, Encumbrances and Other Interests and (B) Granting
Related Relief which approved the sale ("Sale") of the IP Assets to
ADMACO pursuant to that certain Asset Purchase Agreement dated as
of July 18, 2016 ("APA").

On Aug. 5, 2016, the Sale closed ("Closing"), and as a result of
the Closing, and pursuant to the terms of the APA, the Debtors will
transfer certain PII of certain of their customers to ADMACO.

Customers of the Debtors who does not wish to have their PII
transferred to ADMACO may opt out of such transfer by complying
with the procedures set forth in the opt-out notice by no later
than Aug. 15, 2016.

A copy of the Opt-Out Notice attached to the Notice is available
for free at:

            http://bankrupt.com/misc/Hancock_Fabrics_965_Sales.pdf

                       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.


HANISH, LLC: Wants to Use Hotel Rents for Second Interim Period
---------------------------------------------------------------
Hanish, LLC seeks authority from the U.S. Bankruptcy Court for the
District of New Hampshire allowing it to use cash collateral,
mostly in the form of hotel room rentals.

The Debtor is attempting to restructure its loan with Phoenix,
preserve its franchise with Marriott, which right requires a
$670,000.00 capital infusion for fit up, and pay its other
expenses.  Total hotel expenses run about $1,100,000.00 a year.

The Debtor avers that its business, a hotel, would be forced to
shut down and evict customers if the business was not permitted use
of cash.  The business would also be subject to significant
franchise penalties if operations terminate.

The Debtor proposes to pay Phoenix $20,000 a month, as adequate
protection.  The Debtor further proposes to grant Phoenix a secured
guaranty from Nayan Patel as additional adequate protection.
Post-Petition real estate taxes will be paid through the Budget.

The Debtor proposes to provide Phoenix a replacement lien in its
assets consistent with its pre-petition lien, and the Debtor will
provide monthly reports that are provided to the U.S. Trustee’s
Office and other reports required by the Court.

All rents will be used directly to fund the operation of the Hotel,
or as payment to Phoenix, and for no other purpose. The rents are
being used for expenses reasonably necessary to preserve the
Hotel.



                              About Hanish, LLC

Hanish, LLC owns and operates a 59-unit Fairfield Inn & Suites by
Marriott in Hooksett, N.H.  The company sought chapter 11
protection (Bankr. D. N.H. Case No. 16-10602) on Apr. 26, 2016, and
is represented by Steven M. Notinger, Esq., at Notinger Law, PLLC,
in Nashua, N.H.  The Debtor estimated its assets and debts at less
than $10 million at the time of the filing.


HARRINGTON & KING: Can Use Inland Bank & Trust Cash Collateral
--------------------------------------------------------------
Judge Deborah L. Thorne of the U.S. Bankruptcy Court for the
Northern District of Illinois authorized The Harrington & King
Perforating Co., Inc. and Harrington & King South, Inc., to use the
cash collateral of Inland Bank and Trust on an interim basis.

The Debtors are indebted to secured creditor Inland Bank and Trust
in the amount of $4,057,788, as of the Petition Date.

Judge Thorne acknowledged that the Debtors need to use cash
collateral in order to prevent immediate and irreparable harm to
the the Debtors' estate.  

Judge Thorne authorized the Debtors to extend the term of any
Inland Bank Document that has reached maturity prior to the entry
of the Court's Order for an additional six months, from August 5,
2016.

Judge Thorne granted Inland Bank and Trust replacement liens, in
addition to its prepetition liens.  She provided for carveout
consisting of costs and expenses, in an amount not to exceed
$15,000, incurred by the the Official Unsecured Creditors
Committee's professionals.

A further hearing on the Debtor's Motion is scheduled on Aug. 23,
2016 at 10:00 a.m.

A full-text copy of the Interim Order, dated August 5, 2016, is
available at https://is.gd/6hEThq

          About The Harrington & King Perforating Co.

The Harrington & King Perforating Co., Inc. and Harrington & King
South Inc. are in the business of manufacturing perforating metal
sheets and rolled coils of varying gauges and types to produce hole
patterns of various sizes, shapes, and spacing.  Most of the work
is done to customer specifications and consists of high value-added
jobs, not typical of most metal punching.  The products are used in
automotive, acoustics, architecture, food and pharmaceutical
straining and filtering, interior design, manufacturing, safety
flooring, pollution control, transportation and mining cleaning and
grading, electronics and other fields.

The Debtors sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. N.D. Ill. Case Nos. 16-15650 and 16-15651) on May 7,
2016.  The petitions were signed by Greg McCallister, chief
restructuring officer and chief operating officer.

The cases are jointly administered under Case No. 16-15650.  The
cases are assigned to Judge Deborah L. Thorne.

The Debtors estimated both assets and liabilities in the range of
$1 million to $10 million.  The Debtors are represented by William
J. Factor, Esq., at FactorLaw.


HARRINGTON MACHINE: Court OKs Cash Collateral Use
-------------------------------------------------
Judge Thomas P. Agresti of the U.S. Bankruptcy Court for the
Western District of Pennsylvania authorized Harrington Machine and
Tool Company, Inc., to use cash collateral in the operation of its
business, until the Court orders otherwise.

The Debtor is indebted to:

     (1) Laurel Capital Corporation;

     (2) City of Franklin, as agent or Oil Region Enterprise Zone
and Franklin Industrial & Commercial Development Authority;

     (3) FB Funding, LLC;

     (4) United States of America, Department of Treasury, Internal
Revenue Service;

     (5) Commonwealth of Pennsylvania, Department of Revenue; and

     (6) Commonwealth of Pennsylvania, Department of Labor and
Industry.

Judge Agresti held that the pre-petition liens of the Debtor's
secured creditors will be continued post-petition as to both
pre-petition and post-petition assets, but the value of the secured
creditors' lien will not be greater post-petition than the value
thereof at the time of the filing of the bankruptcy Petition, plus
accruals and advances, and minus payments to the secured
creditors.

A full-text copy of the Order, dated August 5, 2016, is available
at https://is.gd/O5NtWT

         About Harrington Machine and Tool Company, Inc.

Harrington Machine and Tool Company Inc. sought Chapter 11
protection (Bankr. W.D. Pa. Case No. 16-10340) on April 12, 2016.
The case is assigned to Judge Thomas P. Agresti.  The Debtor tapped
Daniel P. Foster, Esq., at Foster Law Offices, as counsel.  The
Debtor estimated $1 million to $10 million in assets and debt.

The Debtor has been granted the interim use of cash collateral and
the authority to pay prepetition wages to its employees by orders
of Court dated April 15, 2016.



HAWKS PRAIRIE: Summary Judgment on Counterclaim vs Cabela Affirmed
------------------------------------------------------------------
The United States Court of Appeals for the Ninth Circuit affirmed
the district court's grant of summary judgment for Hawks Prairie
Investment LLC on its counterclaim for breach of contract.

Hawks Prairie asserted a counterclaim for Cabela's Wholesale Inc.'s
breach of the 12-county restriction in their contract, seeking
refund of the $5 million it had paid Cabela's, and seeking payment
of the then-fair market value of the 27 acres it had conveyed to
Cabela's.  The district court granted summary judgment for Hawks
Prairie, and entered a final amended judgment amount of
$15,685,066.39 against Cabela's.  That amount consisted of refund
of the $5 million, the fair market value of the 27 acres, which a
jury determined was $8,624,541.66, and attorney's fees and costs.

A full-text copy of the Ninth Circuit's July 27, 2016 ruling is
available at https://is.gd/o3KwvG from Leagle.com.

The case is CABELA'S WHOLESALE INC., Plaintiff-Appellant, v. HAWKS
PRAIRIE INVESTMENT LLC, Defendant-Appellee, No. 14-35157 (9th
Cir.).

                 About Hawks Prairie Investment LLC

Olympia, Washington-based Hawks Prairie Investment LLC owns real
property in Thurston County, Washington.  It filed for Chapter 11
bankruptcy protection (Bankr. W.D. Wash. Case No. 10-46635) on
Aug. 13, 2010.  Timothy W. Dore, Esq., at Ryan Swanson & Cleveland
PLLC, represents the Debtor.  The Company disclosed $89,000,071 in
assets and $44,778,104 in liabilities as of the Chapter 11 filing.

An affiliate, Pacific Investment Group LLC, filed a separate
Chapter 11 petition (Bankr. W.D. Wash. Case No. 09-47915) on
Oct. 22, 2009.


HAWTHORNE FAMILY: Sept. 20 Disclosure Statement Hearing
-------------------------------------------------------
Judge Basil H. Lorch III of the U.S. Bankruptcy Court for the
Southern District of Indiana will convene a hearing on Sept. 20,
2016, at 10:00 a.m., to consider approval of the disclosure
statement explaining Hawthorne Family Farms, Inc.'s Chapter 11
Plan.

Any objection to the disclosure statement be filed and served at
least 5 days prior to the hearing date. Objections will be reviewed
at the scheduled hearing.

Hawthorne Family Farms, Inc., filed a Chapter 11 petition (Bankr.
S.D. Ind. Case No. 16-70180) on March 7, 2016.


HELLAS TELECOM: Wilmington Trust's Suit v. P/E Firms Tossed
-----------------------------------------------------------
Martin O'Sullivan, writing for Bankruptcy Law360, reported that
U.S. District Judge J. Paul Oetken in Manhattan has tossed a suit
by the Delaware bank acting as trustee for Hellas
Telecommunications noteholders that sought a $565 million state
court judgment from a group of private equity firms, saying the
court doesn't have jurisdiction.  The Wilmington Trust Co. said it
had a right to collect on a 2014 New York Supreme Court judgment
from private equity sponsor Apax Europe VI-1 LP and affiliates,
while Apax had said the case should be tried abroad.

                About Hellas Telecommunications

In February 2007, Hellas Telecommunications was purchased from
TPG Capital LP and Apax Partners by the Italian telecommunications
giant Weather Group.  The Company later suffered liquidity
problems and commenced administration proceedings in the U.K. in
November 2009.  The administrators sold 100% of the shares of Wind
Hellas to the existing owners, the Weather Group.  An order
placing the Company into liquidation was entered on Dec. 1, 2011.

Andrew Lawrence Hosking and Carl Jackson, as Joint Liquidators
petitioned for the Chapter 15 protection for the Company (Bankr.
S.D.N.Y. Case No. 12-10631) on Feb. 16, 2012.  Mr. Jackson was
later succeeded by Simon James Bonney, and then recently by Bruce
Mackay.

Bankruptcy Judge Martin Glenn presides over the Chapter 15 case.

The Debtor estimated assets and debts of more than $100,000,000.
The Debtor did not file a list of creditors together with its
petition.

The Foreign Representatives commenced the lawsuit against various
entities, captioned as, Hosking v. TPG Capital Management, L.P.,
et al., No. 14-01848 (MG) (Bankr. S.D.N.Y. March 13, 2014).  TPG
is represented by Paul M. O'Connor, III, Esq., and Andrew K.
Glenn, Esq., at Kasowitz, Benson, Torres, & Friedman, LLP of New
York, NY.  APAX is represented by Robert S. Fischler, Esq., and
Stephen Moeller-Sally, Esq., at Ropes & Gray LLP of New York, NY.
TCW is presented by Wayne S. Flick, Esq., and Amy C. Quartarolo,
Esq., at Latham & Watkins LLP of Los Angeles, CA.  Nikesh Aurora
is represented by William F. Gray, Jr., Esq., and Alison D. Bauer,
Esq., at Torys LLP of New York, NY and Michael A. Sherman, Esq.,
at Stubbs Alderton & Markiles, LLP of Sherman Oaks, CA.

U.S. counsel to the Foreign Representatives as against all
Defendants except Deutsch Bank AG and Nikesh Arora are Howard
Seife, Esq., Thomas J. McCormack, Esq., Andrew Rosenblatt, Esq.,
and Marc D. Ashley, Esq., at CHADBOURNE & PARKE LLP.

U.S. counsel to the Foreign Representatives as against Deutsch
Bank AG and Nikesh Arora are Alexander H. Schmidt, Esq., Alan
McDowell, Esq., and Jeremy Cohen, Esq., at WOLF HALDENSTEIN ADLER
FREEMAN & HERZ LLP.


HELLER EHRMAN: Pending Legal Matters Issue Sent to Calif. High Ct.
------------------------------------------------------------------
The United States Court of Appeals for the Ninth Circuit has issued
an order certifying a question to the California Supreme Court to
resolve a question of state law: whether a dissolved law firm, such
as Heller Ehrman LLP, has a property interest in legal matters that
are in progress but not completed at the time the law firm is
dissolved, where the dissolved law firm had been retained to handle
the matters on an hourly basis.

The Ninth Circuit stated that the question resolves the bankruptcy
appeal before it because if a dissolved law firm does not have a
property interest in such matters, the transfer of those matters to
a new law firm does not constitute a fraudulent transfer under the
Bankruptcy Code.

The appeals case is HELLER EHRMAN LLP, Liquidating Debtor,
Plaintiff-Appellant, v. DAVIS WRIGHT TREMAINE LLP,
Defendant-Appellee. IN THE MATTER OF HELLER EHRMAN LLP, Debtor.
HELLER EHRMAN LLP, Liquidating Debtor, Plaintiff-Appellant, v.
JONES DAY, Defendant-Appellee. IN THE MATTER OF HELLER EHRMAN LLP,
Debtor. HELLER EHRMAN LLP, Liquidating Debtor, Plaintiff-Appellant,
v. FOLEY & LARDNER LLP, Defendant-Appellee. IN THE MATTER OF HELLER
EHRMAN LLP, Debtor. HELLER EHRMAN LLP, Liquidating Debtor,
Plaintiff-Appellant, v. ORRICK HERRINGTON & SUTCLIFFE LLP,
Defendant-Appellee, Nos. 14-16314, 14-16315, 14-16317, 14-16318
(9th Cir.).

A full-text copy of the Ninth Circuit's July 27, 2016 order is
available at https://is.gd/Wud5xH from Leagle.com.

                       About Heller Ehrman

Headquartered in San Francisco, California, Heller Ehrman, LLP --
http://www.hewm.com/-- was an international law firm of more than
730 attorneys in 15 offices in the United States, Europe, and Asia.
Heller Ehrman filed a voluntary Chapter 11 petition (Bankr. N.D.
Cal., Case No. 08-32514) on Dec. 28, 2008.  Members of the firm's
dissolution committee led by Peter J. Benvenutti approved a plan
dated Sept. 26, 2008, to dissolve the firm.  The Hon. Dennis
Montali presides over the case.  Pachulski Stang Ziehl & Jones LLP
assisted the Debtor in its restructuring effort.  The Official
Committee of Unsecured Creditors is represented by Felderstein
Fitzgerald Willoughby & Pascuzzi LLP.  The firm estimated assets
and debts at $50 million to $100 million as of the Petition Date.
According to reports, the firm had roughly $63 million in assets
and 54 employees at the time of its filing.  On Aug. 13, 2010, the
Court confirmed Heller's Joint Plan of Liquidation.


HEXION INC: Posts $150 Million Net Income for Second Quarter
------------------------------------------------------------
Hexion Inc. filed with the Securities and Exchange Commission its
quarterly report on Form 10-Q disclosing net income of $150 million
on $952 million of net sales for the three months ended June 30,
2016, compared to a net loss of $2 million on $1.08 billion of net
sales for the three months ended June 30, 2015.

For the six months ended June 30, 2016, the Company reported net
income of $106 million on $1.86 billion of net sales compared to a
net loss of $36 million on $2.16 billion of net sales for the same
period during the prior year.

As of June 30, 2016, Hexion had $2.31 billion in total assets,
$4.68 billion in total liabilities and a total deficit of $2.37
billion.

"Our second quarter 2016 results reflected continued volume growth
in our specialty epoxy business driven by strong wind energy
demand, particularly in Europe and the Asia Pacific region, as well
as improved earnings in our Versatic Acids and Derivatives and
North American forest product businesses," said Craig O. Morrison,
chairman, president and CEO.  "Our diversified portfolio enabled
Hexion to largely offset economic volatility in Latin America and
softer oilfield proppant results.  We continue to aggressively
pursue our global cost reduction initiatives including the
rationalization of our Norco, Louisiana site in the second quarter
as planned, which we anticipate will deliver approximately $20
million in annualized savings.  We also successfully took actions
in the quarter to strategically streamline our portfolio through
the sale of our Performance Adhesives, Powder Coatings, Additives &
Acrylic Coatings and Monomers business and our interest in
HA-International, LLC, a joint venture serving the North American
foundry industry."

At June 30, 2016, Hexion had total debt of approximately $3.6
billion compared to $3.8 billion at Dec. 31, 2015.  In addition, at
June 30, 2016, the Company had $501 million in liquidity comprised
of $172 million of unrestricted cash and cash equivalents, $288
million of borrowings available under the Company's asset-backed
loan facility and $41 million of time drafts and availability under
credit facilities at certain international subsidiaries.

On May 31, 2016, the Company sold its 50% interest in a joint
venture for a purchase price of $136 million.  In addition, on June
30, 2016, Hexion completed the sale of its Performance Adhesives,
Powder Coatings, Additives & Acrylic Coatings and Monomers
businesses. During the second quarter of 2016, the Company received
cash proceeds from these transactions of $281 million and a $75
million short term note receivable.

Hexion expects to have adequate liquidity to fund its ongoing
operations for the next twelve months from cash on its balance
sheet, cash flows provided by operating activities and amounts
available for borrowings under its credit facilities.

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

                      https://is.gd/0z5Znq

                        About Hexion Inc.

Hexion Inc., formerly known as Momentive Specialty Chemicals, Inc.,
headquartered in Columbus, Ohio, is a producer of thermoset resins
(epoxy, formaldehyde and acrylic).  The company is also a supplier
of specialty resins for inks and specialty coatings sold to a
diverse customer base as well as a producer of commodities such as
formaldehyde, bisphenol A, epichlorohydrin, versatic acid and
related derivatives.

Hexion reported a net loss attributable to the Company of $40
million on $4.14 billion of net sales for the year ended Dec. 31,
2015, compared to a net loss attributable to the Company of $223
million on $5.13 billion of net sales for the year ended Dec. 31,
2014.

                          *     *     *

The TCR reported on Oct. 3, 2014, that Standard & Poor's Ratings
Services lowered its corporate credit rating on Momentive
Specialty by one notch to 'CCC+' from 'B-'.  "The downgrade
follows MSC's significant use of cash in the first half of 2014 and
our expectation that lackluster cash flow from operations and
elevated capital spending will cause free operating cash flow to be
significantly negative in 2014 and 2015," said Standard & Poor's
credit analyst Cynthia Werneth.

As reported by the TCR on Dec. 15, 2014, Moody's Investors Service
lowered the Corporate Family Rating of Momentive to 'Caa1' from
'B3'.  "Due to elevated leverage, heavy capital spending on new
capacity in 2014 and 2015, and the lack of meaningful improvement
in financial performance, Moody's have lowered Momentive
Specialty's rating," stated John Rogers, senior vice president at
Moody's.


HOVNANIAN ENTERPRISES: Extends Notes Early Tender Deadline
----------------------------------------------------------
Hovnanian Enterprises, Inc., announced that its wholly-owned
subsidiary, K. Hovnanian Enterprises, Inc., has extended the early
tender deadline by which holders of its 8.625% Senior Notes due
2017 must tender those Notes in K. Hovnanian's previously announced
tender offer to purchase for cash any and all of the Notes and
related solicitation of consents in order to receive the Total
Consideration to the "Expiration Time" for the Tender Offer and
Consent Solicitation, which is 8:30 a.m., New York City time, on
Sept. 7, 2016.

Accordingly, all Notes validly tendered and not withdrawn at or
before the Expiration Time will be eligible to receive the total
consideration of $1,010 per $1,000 principal amount of Notes
purchased pursuant to the Tender Offer and Consent Solicitation.
The Total Consideration includes a payment of $30.00 per $1,000
principal amount of Notes, which was previously payable only in
respect of Notes tendered with consents at or before 5:00 p.m., New
York City time, on Aug. 11, 2016, but which is now payable in
respect of all Notes tendered with consents at or before the
Expiration Time.  The "Withdrawal Deadline" for the Tender Offer
and Consent Solicitation of 5:00 p.m., New York City time, on Aug.
11, 2016, has passed and holders may no longer withdraw Notes
tendered or revoke consents delivered in the Tender Offer and
Consent Solicitation.  Holders of Notes who have previously
tendered their Notes and delivered consents do not need to
re-tender such Notes or re-deliver consents or take any other
action in response to this announcement in order to tender and
consent or receive the Total Consideration.

In addition to the Total Consideration, all holders whose Notes are
purchased in the Tender Offer will receive accrued and unpaid
interest in respect of their purchased Notes from the most recent
interest payment date to, but not including, the payment date for
Notes purchased in the Tender Offer.  The Tender Offer and Consent
Solicitation is being made in accordance with the terms and subject
to the conditions stated in the Offer to Purchase and Consent
Solicitation Statement, dated July 29, 2016, and in the related
Letter of Transmittal and Consent.  Holders of Notes are referred
to the Tender Offer and Consent Solicitation Documents for the
detailed terms and conditions of the Tender Offer and Consent
Solicitation with respect to the Notes, which, other than with
respect to the extension of the early tender deadline discussed
herein, remain unchanged.

Credit Suisse Securities (USA) LLC and Merrill Lynch, Pierce,
Fenner & Smith Incorporated are serving as dealer managers for the
Tender Offer and the solicitation agents for the Consent
Solicitation. Global Bondholder Services Corporation is serving as
the depositary and the information agent for the Tender Offer and
Consent Solicitation.  Any question regarding procedures for
tendering Notes may be directed to Global Bondholder Services by
phone at 866-470-4300 (toll free) or 212-430-3774.  Questions
regarding the terms of the Tender Offer and Consent Solicitation
may be directed to Credit Suisse Securities (USA) LLC by phone toll
free at 800-820-1653 or collect at 212-325-2476 and Merrill Lynch,
Pierce, Fenner & Smith Incorporated by phone toll free at
888-292-0070 or collect at 646-855-2464.

                     About Hovnanian Enterprises

Red Bank, New Jersey-based Hovnanian Enterprises, Inc. (NYSE: HOV)
-- http://www.khov.com/-- founded in 1959 by Kevork S. Hovnanian,
is one of the nation's largest homebuilders with operations in
Arizona, California, Delaware, Florida, Georgia, Illinois,
Kentucky, Maryland, Minnesota, New Jersey, New York, North
Carolina, Ohio, Pennsylvania, South Carolina, Texas, Virginia and
West Virginia.  The Company's homes are marketed and sold under
the trade names K. Hovnanian Homes, Matzel & Mumford, Brighton
Homes, Parkwood Builders, Town & Country Homes, Oster Homes and
CraftBuilt Homes.  As the developer of K. Hovnanian's Four Seasons
communities, the Company is also one of the nation's largest
builders of active adult homes.

Hovnanian Enterprises reported a net loss of $16.1 million on
$2.14 billion of total revenues for the year ended Oct. 31, 2015,
compared to net income of $307 million on $2.06 billion of total
revenues for the year ended Oct. 31, 2014.

As of Jan. 31, 2016, Hovnanian had $2.55 billion in total assets,
$2.69 billion in total liabilities and a $143 million total
stockholders' deficit.

                           *     *     *

As reported by the TCR on April 22, 2016, Moody's Investors Service
downgraded the Corporate Family Rating of Hovnanian Enterprises,
Inc. to Caa2 and Probability of Default Rating to Caa2-PD.  The
downgrade of the Corporate Family Rating reflects Moody's
expectation that Hovnanian will need to dispose of assets and seek
alternative financing methods in order to meet its upcoming debt
maturity wall.

Hovnanian carries a 'CCC+' corporate credit rating from S&P Global
Ratings.

As reported by the TCR on Aug. 3, 2016, Fitch Ratings has affirmed
the ratings of Hovnanian Enterprises, Inc. (NYSE: HOV), including
the company's Long-Term Issuer Default Rating (IDR) at 'CCC'
following the recently announced financing commitments and proposed
tender offer for its existing unsecured notes.


ICE THEATERS: Court to Take Up Plan Approval on Sept. 20
--------------------------------------------------------
A U.S. bankruptcy court will consider approval of the Chapter 11
plan of Ice Theaters, LLC, at a hearing on September 20.

The U.S. Bankruptcy Court for the Northern District of Illinois
will hold the hearing at 10:30 a.m., at the Dirksen Federal
Building, Courtroom 644, 219 S. Dearborn St., Chicago, Illinois.

The bankruptcy court will also consider at the hearing the final
approval of Ice Theaters' disclosure statement, which it
conditionally approved on July 26.

The court order set a September 12 deadline for creditors to cast
their votes and file their objections.  Ice Theaters is required to
file a report of balloting by September 15.

                        About Ice Theaters

Ice Theaters, LLC, filed for Chapter 11 bankruptcy protection
(Bankr. N.D. Ill. Case No. 15-26965) on Aug. 6, 2015, estimating
its assets and liabilities at between $1 million and $10 million
each.  The petition was signed by Donzell Starks, manager.  

Judge Pamela S. Hollis presides over the case.  The Debtor is
represented by John F. Hiltz, Esq., and Blair R. Zanzig, Esq., at
Hiltz & Zanzig LLC.

Ice Theaters is headquartered in Chicago, Illinois.  For a number
of years, it owned and operated a movie theater located at 3330
West Roosevelt Road, Chicago, Illinois 60624.  It ceased theater
operations in December of 2013 and has since rented space in the
former theater to a variety of church and civic groups on an ad hoc
basis.  As of the Petition Date, its principal asset consisted of
real property and improvements located on the real property.


ILYA GOLUB: Unsecured Creditors to Get 6% Under Exit Plan
---------------------------------------------------------
Unsecured creditors will get 6% of their claims under a Chapter 11
plan of reorganization of Ilya Golub and Simona Golub.

According to the plan, unsecured creditors will get 6% of their
Class 3 claims within 60 days of the effective date of the plan.

The plan will be funded through the Debtors' income and utilizing
retirement accounts to create a pool of approximately $35,000 for
distribution within 60 days following confirmation of the plan,
according to the Debtors' disclosure statement filed with the U.S.
Bankruptcy Court for the Northern District of Illinois.

A copy of the disclosure statement is available for free at
https://is.gd/caVyS0

The Debtors are represented by:

     William J. Factor, Esq.
     Ariane Holtschlag, Esq.
     FactorLaw
     105 W. Madison, Suite 1500
     Chicago, IL 60602
     Email: aholtschlag@wfactorlaw.com
     Tel: 312-878-4830
     Fax: (847) 574-8233

                         About The Golubs

Ilya Golub and Simona Golub, a married couple residing in Lake
County, work as IT director and pharmacist, respectively.

The Debtors sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. N.D. Ill. Case No. 16-10968) on March 30, 2016.


IMAGE MAKERS: Exit Plan to Pay Unsecured Creditors in Full
----------------------------------------------------------
Image Makers Automotive Land Holdings, LLC, filed a Chapter 11 plan
of reorganization that proposes to pay unsecured creditors in
full.

Under the plan, creditors holding Class 4 unsecured claims will
receive payment of 100% of their claims.  Image Makers will pay
unsecured creditors six months after confirmation of the plan with
simple interest at a rate of 3%, according to the disclosure
statement filed with the U.S. Bankruptcy Court for the District of
Nevada.

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

A court hearing to consider approval of the disclosure statement is
scheduled for October 4.

Image Makers is represented by:

     Zachariah Larson, Esq.
     Larson & Zirzow, LLC
     850 E. Bonneville Ave.
     Las Vegas, Nevada 89101
     Tel: (702) 382-1170
     Fax: (702) 382-1169
     Email: zlarson@lzlawnv.com

                       About Image Makers

Image Makers Automotive Land Holdings, LLC, sought protection under
Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for
the District of Nevada (Las Vegas) (Case No. 16-10761) on February
22, 2016.  The petition was signed by Carlos Aleman, president.

The case is assigned to Judge Laurel E. Davis.  The Debtor is
represented by Zachariah Larson, Esq., at Larson & Zirzow, LLC.

The Debtor disclosed total assets of $1.34 million and total debts
of $1.06 million.


IMAGEWARE SYSTEMS: Conference Call Held to Discuss Q2 Results
-------------------------------------------------------------
At 5:00 p.m. ET on Aug. 9, 2016, ImageWare Systems, Inc. hosted a
conference call to discuss its financial results for the quarter
ended June 30, 2016.  A copy of the transcript for this conference
call is available for free at https://is.gd/4mq152

                   About ImageWare Systems

Headquartered in San Diego, California, ImageWare Systems, Inc.,
is a leader in the emerging market for software-based identity
management solutions, providing biometric, secure credential, law
enforcement and enterprise authorization.  Its "flagship" product
is the IWS Biometric Engine.  Scalable for small city business or
worldwide deployment, the Company's biometric engine is a multi-
biometric platform that is hardware and algorithm independent,
enabling the enrollment and management of unlimited population
sizes.  The Company's identification products are used to manage
and issue secure credentials, including national IDs, passports,
driver licenses, smart cards and access control credentials.  Its
law enforcement products provide law enforcement with integrated
mug shot, fingerprint LiveScan and investigative capabilities.
The Company also provides comprehensive authentication security
software.

Imageware Systems reported a net loss available to common
shareholders of $9.59 million on $4.76 million of revenues for the
year ended Dec. 31, 2015, compared to a net loss available to
common shareholders of $7.99 million on $4.15 million of revenues
for the year ended Dec. 31, 2014.

As of June 30, 2016, Imageware had $4.56 million in total assets,
$4.62 million in total liabilities and a total shareholder's
deficit of $68,000.


IMH FINANCIAL: Reports $5.66 Million Net Loss for Second Quarter
----------------------------------------------------------------
IMH Financial Corporation filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
attributable to common shareholders of $5.66 million on $9.19
million of total revenue for the three months ended June 30, 2016,
compared to net income attributable to common shareholders of $3.49
million on $9.37 million of total revenue for the three months
ended June 30, 2015.

For the six months ended June 30, 2016, the Company reported a net
loss attributable to common shareholders of $11.5 million on $16.07
million of total revenue compared to a net loss attributable to
common shareholders of $9,000 on $18.9 million of total revenue for
the six months ended June 30, 2015.

As of June 30, 2016, IMH Financial had $178 million in total
assets, $110 million in total liabilities, $30.86 million in
redeemable convertible preferred stock and $37.7 million in total
stockholders' equity.

"While we have been successful in securing financing through June
30, 2016 to provide adequate funding for working capital purposes
and have generated liquidity through asset sales and mortgage
receivable collections, there is no assurance that we will be
successful in selling our remaining loan and REO assets in a timely
manner or in obtaining additional or replacement financing, if
needed, to sufficiently fund future operations, repay existing
debt, or to implement our investment strategy.  Our failure to
generate sustainable earning assets, and successfully liquidate a
sufficient number of our loans and REO assets, may have a material
adverse effect on our business, results of operations and financial
position," the Company stated in the report.

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

                     https://is.gd/QB0Hhs

                     About IMH Financial

Scottsdale, Ariz.-based IMH Financial Corporation was formed from
the conversion of IMH Secured Loan Fund, LLC, or the Fund, a
Delaware limited liability company, on June 18, 2010.  The
conversion was effected following a consent solicitation process
pursuant to which approval was obtained from a majority of the
members of the Fund to effect the Conversion Transactions and
involved (i) the conversion of the Fund from a Delaware limited
liability company into a Delaware corporation named IMH Financial
Corporation, and (ii) the acquisition by the Company of all of the
outstanding shares of the manager of the Fund Investors Mortgage
Holdings Inc., or the Manager, as well as all of the outstanding
membership interests of a related entity, IMH Holdings LLC, or
Holdings on June 18, 2010.

IMH Financial reported a net loss attributable to common
shareholders of $18.90 million on $32.49 million of total revenue
for the year ended Dec. 31, 2015, compared to a net loss
attributable to common shareholders of $39.46 million on $31.4
million of total revenue for the year ended Dec. 31, 2014.


IMPLANT SCIENCES: Discussed Zapata Acquisition at Conference Call
-----------------------------------------------------------------
Implant Sciences Corporation hosted a conference call on Aug. 4,
2016, which focused on a Q&A with Zapata CEO, Franky Zapata and
Implant Sciences President, Bob Liscouski regarding the proposed
Zapata acquisition.  This call was a follow-on to Implant Sciences'
July 25, 2016 investor call regarding the Company's recent
announcement that it signed a letter of intent to acquire Zapata
Industries SAS of Marseilles, France.  Zapata
(http://www.zapata-industries.com)is a profitable and debt-free
company with commercial, defense, and homeland security technology
applications.

                    About Implant Sciences

Implant Sciences Corporation (OBB: IMSC.OB) --
http://www.implantsciences.com/-- develops, manufactures and    
sells sensors and systems for the security, safety and defense
(SS&D) industries.

As of March 31, 2016, the Company had $15.6 million in total
assets, $100 million in total liabilities, and a total
stockholders' deficit of $84.6 million.

"Despite our current sales, expense and cash flow projections and
Marcum LLP, in Boston, Massachusetts, issued a "going concern"
qualification on the consolidated financial statements for the year
ended June 30, 2015, citing that the Company has had recurring net
losses and continues to experience negative cash flows from
operations.  As of Sept. 15, 2015, the Company's principal
obligation to its primary lenders was approximately $65,046,000 and
accrued interest of approximately $15,393,000.  The Company is
required to repay all borrowings and accrued interest to these
lenders on March 31, 2016.  These conditions raise substantial
doubt about its ability to continue as a going concern.


INDUSTRY, CA: S&P Cuts Rating on Lease Revenue Bonds to 'BB+'
-------------------------------------------------------------
S&P Global Ratings withdrew its long-term ratings on the City of
Industry, Calif.'s outstanding general obligation (GO) bonds and
lease revenue bonds; before withdrawing.  S&P Global Ratings also
lowered its ratings on these bonds to 'BBB-' from 'AA' and to 'BB+'
from 'AA-', respectively, and changed the outlook to negative.

In addition, S&P Global Ratings placed its ratings on Industry
Public Facilities Authority, Calif.'s tax allocation bonds (TABs)
and the city's sales tax bonds on CreditWatch with negative
implications.  The tax allocation bonds are an obligation of the
Successor Agency to the Industry Urban Development Agency.

"The withdrawal of the GO and lease revenue bond ratings reflects
our view of a lack of sufficient information of satisfactory
quality to maintain the ratings," said S&P Global Ratings credit
analyst Benjamin Geare.

"The lowered ratings prior to withdrawal reflect a change in our
view of the city's management practices, which is based our
analysis of the observations of an independent professional
services firm and the California State Controller, who found the
city's internal controls to be inadequate," continued Mr. Geare.
"The negative outlook prior to withdrawal is based on our view of
the potential for further deficiencies that could come to light
that would lead us to lower the ratings further."

A contract review conducted by an independent professional services
firm noted substantial problems regarding city documentation
practices and also raised significant questions about city internal
controls and the suitability of city payments over a 20-year
period.  Following release of this report, the California State
Controller released a report finding "pervasive and serious
deficiencies, with 85 percent of internal control elements deemed
inadequate," and recommended that the city develop and implement a
comprehensive remedial plan to address noted deficiencies.  Since
publication of these reports, the city has taken steps to reform
the city's financial, contract, and operational management.
Although S&P views the changes the city has initiated--and in many
cases already implemented--to be promising, S&P believes that it
will take several years for the city to sufficiently demonstrate
its adherence to improved controls in order to restore S&P's
confidence in the reliability of the information provided by the
city that S&P would need to maintain a credit rating on
city-related obligations.

S&P Global Ratings has not yet determined whether similar concerns
affect the reliability of the information S&P uses to rate the TABs
and sales tax bonds.  After S&P has further evaluated the practices
used to compile critical operating information for the TABs and
sales tax bonds, S&P may lower or withdraw the ratings. This would
occur during the 90 days of the CreditWatch horizon, although it is
possible that the CreditWatch status could be resolved much sooner.


INDX LIFECARE: Voluntary Chapter 11 Case Summary
------------------------------------------------
Debtor: iNDx Lifecare, Inc.
        20380 Town Center Lane, Suite 218
        Cupertino, CA 95014

Case No.: 16-52307

Chapter 11 Petition Date: August 11, 2016

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

Judge: Hon. Dennis Montali

Debtor's Counsel: Andrew A. Moher, Esq.
                  MOHER LAW GROUP
                  10505 Sorrento Valley Rd. #430
                  San Diego, CA 92121
                  Tel: (619) 269-6204
                  E-mail: amoher@moherlaw.com

Estimated Assets: $10 million to $50 million

Estimated Debts: $1 million to $10 million

The petition was signed by Piyush Gupta, managing consultant.

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


INSITE WIRELESS: Fitch Affirms BB- Rating on Cl. B Notes
--------------------------------------------------------
Fitch Ratings affirms InSite Wireless Group, LLC's secured cellular
site revenue notes, series 2013-1 as:

   -- $122.3 million 2013-1 class A at 'BBBsf'; Outlook Stable;
   -- $39.6 million 2013-1 class B at 'BB-sf'; Outlook to Positive

      from Stable.

Fitch does not rate the $14 million 2013-1 class C notes.

                        KEY RATING DRIVERS

The affirmations are the result of the cash flow growth since
issuance due to the following: contractual rent bumps; additional
leases; and acquisition of additional tower sites (with associated
tenant leases) via the site acquisition account (prefunding).  As
of the July 2016 remittance, the reported net cash flow (NCF) was
$25.9 million, which includes cash flow from the acquired sites, an
increase of 5.7% from the same period a year prior.

As part of its analysis, Fitch received a June 2016 data file with
site and tenant information.  As of the June data file, the pool
consisted of 663 sites with 1,622 tenant leases.  Fitch modeled
similar assumptions regarding the pool as at issuance.  This
resulted in a haircut of approximately 9.4% to the issuer NCF.
Telephony/broadband tenants represented over 75% of the annualized
run rate revenue (ARRR).  There are 79 sites located in Canada;
however, there is no currency swap in place for this transaction.
Similarly to at issuance, Fitch applied a 25% additional stress to
its NCF attributed to Canadian sites.

The collateral pool contains 16 distributed antennae system (DAS)
networks representing 12% of the ARRR with 49 tenant leases.
Similar to issuance, Fitch did not give credit the sites where
InSite has a management contract to manage a DAS network owned by
the DAS venue.  Fitch limited modeled proceeds from the DAS
networks to the 'BBsf' category (i.e. applied a 'BBsf' rating cap),
based on the uncertainty surrounding the licensing agreements in a
venue-bankruptcy scenario and the limited history of these
networks.

                       RATING SENSITIVITIES

The Outlook on class A remains Stable, and the Outlook on class B
is Positive.  Although there is a potential for upgrade due to the
cash flow growth and decrease in leverage, upgrades could be
limited due to the allowance for additional notes, the specialized
nature of the collateral and the potential for changes in
technology to affect long-term demand for wireless tower space.
Fitch does not foresee negative ratings migration unless a material
economic or asset level event changes the transaction's
portfolio-level metrics.


INTEGRA TELECOM: Plan to Restructure No Impact on Moody's B3 Rating
-------------------------------------------------------------------
Moody's Investors Service said Integra Telecom, Inc.'s plan to
restructure its operations into two independent businesses,
"Electric Lightwave (EL)" and "Integra" is credit positive but will
not immediately impact the company's B3 rating.  The split is a
reflection of the firm's strategy which has evolved to place
greater emphasis on the growth of its fiber assets while it will
harvest cash from the legacy telco's recurring revenue base.  The
new fiber infrastructure company will be named "Electric Lightwave"
with the legacy CLEC/ILEC business retaining the "Integra" brand.
To show further support for the new strategy, the parent entity of
both units will also be renamed to "Electric Lightwave".  This
strong commitment to leveraging its fiber assets is key to growth
and to increasing the value of the company.  The reorganization
does not impact the security or collateral of the current debt
outstanding at Integra Telecom, Inc.

Separating the company will have a favorable impact on its cost
structure.  Reorganizing the sales model within the legacy business
will be the major driver of savings.  To a lesser degree,
discontinuation of support for certain legacy products as well as
rightsizing the labor force to better reflect the scale of the
business will also contribute to lower cost.  In total, the company
forecasts approximately $55 million of savings annually. The
savings is expected to be fully realized by the end of 2016.
Offsetting the benefits of the transformation, Electric Lightwave
will have high capital intensity as it grows.  This will pressure
free cash flow at a time when a meaningful source of cash
generation, the legacy business, is in decline.  Much of new
capital is expected to be success based and Moody's expects the
company to operate within the framework of its capital structure;
however, capital intensity will remain a concern until EL becomes
self-funding.

With the acquisition of opticAccess in the fourth quarter of 2015,
along with other previous fiber acquisitions, Electric Lightwave
has built an extensive network in the Western United States and
serves nearly all key metro areas in the region.  The network
infrastructure (fiber) assets now generate approximately $430
million, or nearly two-thirds of the company's overall revenue.  EL
has a growing client base with average ARPU expected to be near
$5,000 and Moody's expects revenue growth to continue in line with
demand growth for bandwidth.  The company has already identified
$400 million of revenue opportunities within its market to drive
top-line growth.  An independently run EL will also benefit from a
more favorable margin profile.  Over 60% of MRR is from
medium-sized businesses or enterprises which tend to be more
profitable than smaller businesses.  EL will also benefit from
lower churn, with Fiber customers generally having a lower
disconnect rate which will help sustain its existing and future
revenue streams.

Integra's CLEC business has been under pressure for a number of
years.  Cable competitors have taken market share within the small
business segment and the largest enterprises are served primarily
by national ILECs, AT&T & Century Link.  Therefore, Integra's
advantage and operations are mostly in the niche, medium-sized
business market.  As Integra continues to focus in this niche, the
company will benefit from relatively lower churn and higher profits
than that of the small business market.  To retain customers, the
company will discontinue its direct selling model and use an inside
sales system to provide customer service to its existing client
base in order to manage churn and slow the decline.  This will
allow management of the legacy business to focus on optimizing cash
flow generation which can be allocated towards the growth of the
fiber business.


INTEGRATED STRUCTURES: Unsecured Creditors to Get 40% Under Plan
----------------------------------------------------------------
Unsecured creditors of Integrated Structures Corp. will get 40% of
their claims under the company's proposed plan to exit Chapter 11
protection.

Under the restructuring plan, creditors holding Class 3 general
unsecured claims will receive 40% of their claims, without
interest, payable in 60 equal monthly installments, according to
the disclosure statement filed with the U.S. Bankruptcy Court for
the Eastern District of New York.

A copy of the disclosure statement explaining the plan is available
for free at https://is.gd/VNS1ss

               About Integrated Structures Corp.

Integrated Structures Corp. is a heavy construction contractor.  It
provides services as a general contractor in the structural steel
and masonry and stone areas, and as a subcontractor on major
construction projects in the Metropolitan New York City area.

Integrated Structures Corp. sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. E.D.N.Y. Case No. 15-75420) on December
16, 2015.  The petition was signed by Francis Lee, president.  

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


INTERNATIONAL TEXTILE: Posts $8.4M Net Income for 2nd Quarter
-------------------------------------------------------------
International Textile Group, Inc., filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing
net income of $8.35 million on $148 million of net sales for the
three months ended June 30, 2016, compared to net income of $8.61
million on $157 million of net sales for the same period in 2015.

For the six months ended June 30, 2016, the Company reported net
income of $12.8 million on $298 million of net sales compared to
net income of $8.02 million on $301 million of net sales for the
same period last year.

As of June 30, 2016, International Textile had $323 million in
total assets, $360 million in total liabilities and a total
stockholders' deficit of $36.5 million.

The Company has a significant amount of debt outstanding and will
require substantial cash flows to service this debt in future
periods.  A substantial portion of the Company's debt, $76.3
million at June 30, 2016, is payable by various of the Company's
subsidiaries organized in foreign jurisdictions and is non-recourse
to the ITG parent company.  In addition, a substantial portion of
the Company's debt, $193.8 million at June 30, 2016, is payable to
related parties, namely certain entities affiliated with WLR LLC,
with a maturity date of June 30, 2019.

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

                     https://is.gd/XgsSxU

                 About International Textile

International Textile Group, Inc., is a global, diversified
textile manufacturer headquartered in Greensboro, North Carolina,
with current operations principally in the United States, China,
Mexico, and Vietnam.  ITG's long-term focus includes the
realization of the benefits of its global expansion, including
reaching full production at ITG facilities in China and Vietnam,
and continuing to seek other strategic growth opportunities.

International Textile reported a net loss attributable to common
stock of $14,000 on $610.40 million of net sales for the year ended
Dec. 31, 2015, compared to a net loss attributable to common stock
of $15.40 million on $595.44 million of net sales for the year
ended Dec. 31, 2014.


INVERRARY RESORT: SHE DDF1-FL2 Wants Conditions Set for Cash Use
----------------------------------------------------------------
SHE DDF1-FL2, LLC, asks the U.S. Bankruptcy Court for the Southern
District of Florida to prohibit the trustee of the chapter 11
estates of The Inverrary Resort Hotel Condominium Association,
Inc., and its affiliated debtors, from using cash collateral,
unless it complies with certain conditions.

The Debtors are indebted to secured creditor SHE DDF1-FL2 in the
amount of $5,378,397, plus accrued and unpaid principal and
interest.

The Court had previously directed the U.S. Trustee to appoint a
chapter 11 trustee to manage the Debtors' estates and business
affairs.  

SHE DDF1-FL2 relates that no chapter 11 trustee has yet been
appointed. It further relates that the Debtors' authority to use
cash collateral expired on August 3, 2016.

SHE DDF1-FL2 anticipates that that the duly appointed chapter 11
trustee will seek authority to use SHE DDF1-FL2's cash collateral.
SHE DDF1-FL2 seeks to establish certain conditions on the
Trustee’s use of the Secured Lender’s cash collateral, in order
to expedite that process and to provide as seamless of a transition
as possible from the Debtors to the chapter 11 trustee.

SHE DDF1-FL2 tells the Court that the chapter 11 trustee's use of
cash collateral must be in accordance with a budget agreeable to
it.  It further tells the Court that as soon as the chapter 11
trustee is appointed, SHE DDF1-FL2 will work with the chapter 11
trustee to reach an agreement on a budget for the continued
operations of the Debtor’s business. SHE DDF1-FL2 requests that
the chapter 11 trustee be required to provide it with weekly
reports disclosing the budget-to-actual report of all items in the
agreed upon budget.

SHE DDF1-FL2 relates that it does not consent to the use of its
Cash Collateral by the Trustee for any purpose so long as the
Adversary Proceeding commenced by the Debtor against the Secured
Lender — in derogation of the Debtor's waiver of defenses and
general release provided to the Secured Lender under the Settlement
Agreement —remains pending.  At a minimum, SHE DDF1-FL2 objects
to the use of its Cash Collateral to challenge SHE DDF1-FL2's
claims or liens against the Debtors or any other obligors under the
Loan Documents.

SHE DDF1-FL2 requests that it be granted continuing and
post-petition replacement liens on, and security interests in, all
the Debtors' property acquired or generated after the Petition
Date, as to which it may have had liens and security interests
prior to the Petition Date, with such liens and security interests
having the same extent, validity, and priority as existed prior to
the Petition Date.    

A full-text copy of SHE DDF1-FL2, LLC's Motion, dated Aug. 5, 2016,
is available at https://is.gd/SFx5zY

SHE DDF1-FL2, LLC, is represented by:

          Robert P. Charbonneau, Esq.
          Matthew Petrie, Esq.
          EHRENSTEIN CHARBONNEAU CALDERIN
          501 Brickell Key Drive, Suite 300
          Miami, FL 33131
          Telephone: (305) 722-2002
          E-mail: rpc@ecclegal.com
                 map@ecclegal.com

               About The Inverrary Resort Hotel                    
      
                 Condominium Association, Inc.

The Inverrary Resort Hotel Condominium Association, Inc., Nirvana
Inverrary Lofts, Inc., and Alrames S.A.de C.V. Corp. filed
voluntary chapter 11 petitions (Bankr. S.D. Fla. Case Nos.
16-17792, 16-17799 and 16-17802) on May 31, 2016.  The petitions
were signed by Maria E. Monzon, president/Trustee under the
Termination Trust.  The three Debtors are represented in their
jointly administered cases by Jason Slatkin, Esq., at Slatkin &
Reynolds, P.A.   The cases are assigned to Judge John K. Olson.  At
the time of the filings each single asset real estate Debtor
estimated its assets at less than $50,000 and its debts at more
than $1 million.


J G SOLIS INC: Can Enter into Premium Finance Agreement with PAC
----------------------------------------------------------------
Judge Ronald B. King of the U.S. Bankruptcy Court for the Western
District of Texas authorized J G Solis, Inc., to enter into a
Premium Finance Agreement with Premium Assignment Corporation.

Judge King granted Premium Assignment Corporation with a first
priority lien on and security interest in unearned premiums, but
not to extend to any other assets of the Debtors or the cash
collateral, or the cash collateral pledged to Wells Fargo or any
other creditors.

Judge King ordered the Debtors to make insurance premium payments
strictly in accordance with the approved cash collateral budgets,
and that such payments must not include unpaid prepetition
amounts.

Judge King authorized the Debtor and Premium Assignment Corporation
to modify the Premium Finance Agreement as necessary to pay
additional premiums without the necessity of further hearing or
order the Court, if additional premiums become due to insurance
companies under the policies financed under the Agreement.

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

                      About J G Solis, Inc.

J G Solis, Inc., filed a chapter 11 petition (Bankr. W.D. Tex. Case
No. 16-70080) on May 17, 2016.   The petition was signed by Joel G.
Solis, president.   The Debtor is represented by Jesse Blanco Jr.,
Esq., in San Antonio, Tex.  The Debtor estimated assets and
liabilities at $0 to $50,000 at the time of the filing.

This chapter 11 proceeding is related to (but not jointly
administered with) In re all City Well Service, LP (Bankr. W.D.
Tex. Case No. 16-70079) also filed on May 17, 2016.



J. CREW: Bank Debt Trades at 29% Off
------------------------------------
Participations in a syndicated loan under J. Crew is a borrower
traded in the secondary market at 70.92 cents-on-the-dollar during
the week ended Friday, August 5, 2016, according to data compiled
by LSTA/Thomson Reuters MTM Pricing.  This represents an increase
of 0.54 percentage points from the previous week.  J. Crew pays 300
basis points above LIBOR to borrow under the $1.56 billion
facility. The bank loan matures on Feb. 27, 2021 and carries
Moody's B2 rating and Standard & Poor's B- rating.  The loan is one
of the biggest gainers and losers among 247 widely quoted
syndicated loans with five or more bids in secondary trading for
the week ended August 5.


JAMES CHARLES VAUGHN: Hearing on Plan Approval Set for Sept. 22
---------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Colorado will
consider approval of the Chapter 11 plan of James Charles Vaughn at
a hearing on September 22.  

The hearing will be held at 1:30 p.m., Courtroom C, U.S. Custom
House, 721 19th Street, Denver, Colorado.

The bankruptcy court had earlier issued an order approving the
Debtor's disclosure statement, allowing him to start soliciting
votes from creditors.  

The August 4 order set a September 10 deadline for creditors to
cast their votes and file their objections to the plan.  

                   About James Charles Vaughn

James Charles Vaughn, based in Lone Tree, Colo., filed for Chapter
11 bankruptcy (Bankr. D. Col. Case No. 06-18082) on Nov. 3, 2006,
in Denver.  Judge Michael E. Romero presided over the case.  Lee M.
Kutner, Esq., at Kutner Miller, P.C., served as Chapter 11 counsel
to Vaughn.  In his petition, he estimated more than $100 million in
assets, and $1 million to $100 million in liabilities, listing the
Internal Revenue Service, owed $13.8 million, as his largest
unsecured creditor.


JBM FARMS: Disbursement Order on Tractor Sale Proceeds Affirmed
---------------------------------------------------------------
Judge Louise W. Flanagan of the United States District Court for
the Eastern District of North Carolina, Eastern Division, affirmed
the order issued by the United States Bankruptcy Court for the
Eastern District of North Carolina regarding disbursement of
proceeds from the sale of a certain tractor.

The appeal was filed by JBM Farms, Inc. who challenged the order
that it distribute the tractor proceeds to Yadkin Bank.

The case is In re: JBM FARMS, INC., Debtor. JBM FARMS, INC.,
Appellant, v. YADKIN BANK, Appellee, No. 4:15-CV-201-FL
(E.D.N.C.).

A full-text copy of Judge Flanagan's July 26, 2016 order is
available at https://is.gd/r8qvdT from Leagle.com.

JBM Farms, Inc. is represented by:

          Clayton W. Cheek, Esq.
          OLIVER FRIESEN CHEEK, PLLC
          PO Box 1548
          218-C South Front Street
          New Bern, NC 28563
          Tel: 252 633-1930
          Fax: 252 633-1950
          Email: cwc@ofc-law.com

Yadkin Bank is represented by:

          George F. Sanderson, III, Esq.
          Lauren A. Golden, Esq.
          ELLIS & WINTERS, LLP
          4131 Parklake Avenue, Suite 400
          Raleigh, NC 27612
          Tel: (919)865-7000
          Fax: (919)865-7010
          Email: george.sanderson@elliswinters.com
                 lauren.golden@elliswinters.com


JIMMY FUENTES FONSECA: Unsecured Creditors to Get 5% Dividend
-------------------------------------------------------------
Unsecured creditors will receive a dividend of 5% of their claims
under a Chapter 11 plan of reorganization of Jimmy Fuentes Fonseca
and two other debtors.

According to the plan, creditors holding Class 12 general unsecured
claims will receive a dividend of 5% of their claims against Mr.
Fonseca, Blanca Diaz Plaza and JB Development Corp.

Payments will start on the 25th month of the plan after priority
tax claims are paid in full.

The Debtors propose to pay the claims from cash generated from
their leasing operations, according to the latest disclosure
statement explaining the plan.

The U.S. Bankruptcy Court for the District of Puerto Rico will
consider approval of the disclosure statement at a hearing on
September 7, at 9:00 a.m.  

The hearing will take place at the Jose V. Toledo Federal Building
and U.S. Courthouse, Courtroom No. 1, Second Floor, 300 Recinto,
Sur, Old San Juan, Puerto Rico.  Objection must be filed not less
than 14 days prior to the hearing.

A copy of the disclosure statement is available for free at
https://is.gd/fgc8Jg

The Debtors are represented by:

     Antonio I. Hernandez Santiago, Esq.
     Hernandez Law Office
     P.O. Box 8509
     San Juan, PR 00910-0509
     Tel: 787-250-0575
     Email: ahernandezlaw@yahoo.com

                        About the Debtors

Jimmy Fuentes Fonseca and Blanca I. Diaz Plaza own properties in
Toa Baja, Puerto Rico, which they lease out to businesses and
individuals.

The Debtors sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D.P.R. Case No. 13-09196) on November 1, 2013.  The
case is assigned to Judge Brian K. Tester.

On February 14, 2014, the case was substantively consolidated with
JB Development Inc.'s Chapter 11 case (Bankr. D.P.R. Case No.
13-09200) filed on November 1, 2013.


JPS COMPLETION: Sale of Equipment to Total Tank for $431K Approved
------------------------------------------------------------------
Judge Craig A. Gargotta of the U.S. Bankruptcy Court for the
Western District of Texas authorized JPS Completion Fluids, Inc. to
sell certain equipment to Total Tank Systems, LLC for $431,000.

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

The Debtor has entered into Purchase and Sale Agreement ("PSA") was
to sell 12 mixers and 6 filter pods ("Equipment") that are
currently stored in the Debtor's yard in Mathis, Texas to Total
Tank Systems LLC. The PSA is intended to implement the transaction
described in the letter of intent ("LOI") of JARK, LLC.

Copies of the PSA, LOI and the list of the Equipment to be sold
attached to the Order is available for free at:

     http://bankrupt.com/misc/JPS_Completion_75_Order.pdf

As testified at the hearing, Debtor has also agreed to sell to
purchaser for no additional consideration the engine that is
missing from MPX13.

The Debtor is ordered to deposit the proceeds of the sale in a
separate DIP bank account at an approved depository, where the
funds will remain subject to any and all liens and encumbrances
pending further order of the Court.

The Buyer can be reached at:

     Joey LeRouge
     Eddie Agular
     Total Tank Systems LLC
     P.O. Box 61930
     Lafayette LA 70506
     
                    About JPS Completion Fluids

JPS Completion Fluids, Inc., a domestic corporation with principal
place of business in Mathis, San Patricio County, Texas, that
provided chemicals and other completion fluids for the oil and gas
industry.

JRS sought Chapter 11 protection (Bankr. W.D. Tex. Case No.
16-51110) on May 11, 2016.  The petition was signed by Sergio
Garza, vice president. Judge Craig A. Gargotta is assigned to the
case.

Nathaniel Peter Holzer, Esq., at the Jordan Hyden Womble Culbreth
&
Holzer PC, serves as the Debtor's counsel.

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


KENNETH MITAN: 3rd Cir. Affirms Dismissal, Grants Leave to Amend
----------------------------------------------------------------
The United States Court of Appeals for the Third Circuit affirmed
in part and reversed in part the district court ruling in the case
captioned KEITH J. MITAN, Appellant, v. UNITED STATES POSTAL
INSPECTION SERVICE; GEORGE P. CLARK, INDIVIDUALLY AND IN HIS
OFFICIAL CAPACITY OF POSTAL INSPECTOR, No. 14-1451 (3rd Cir.).

The action was brought pursuant to Bivens v. Six Unknown Named
Agents of Federal Bureau of Narcotics, 403 U.S. 388 (1971).  The
plaintiff, Keith Mitan, alleged that the defendant, George Clark, a
postal inspector for the United States Postal Inspection Service,
violated his Fourth Amendment rights.  The district court dismissed
the complaint and denied leave to amend.

In May 2003, Kenneth filed a Chapter 11 bankruptcy petition.

On appeal, the Third Circuit affirmed the dismissal, but reversed
the district court's denial of leave to amend.  The case was
remanded to the district courts with instructions to grant Mital
leave to file the proposed second amended complaint and for further
proceedings as the district court sees fit, which may include
limited threshold discovery relevant to the issue of qualified
immunity.

A full-text copy of the Third Circuit's July 27, 2016 opinion is
available at https://is.gd/MCLI0S from Leagle.com.


KEY ENERGY: To Pay $5 Million Disgorgement in Settlement with SEC
-----------------------------------------------------------------
Key Energy Services, Inc. has agreed to pay disgorgement of $5
million and to cease and desist from committing or causing any
violations of the books and records and internal controls
provisions of the Foreign Corrupt Practices Act, according to a
regulatory filing with the Securities and Exchange Commission.

Key entered into a settlement agreement with the Securities and
Exchange Commission resolving the SEC's investigation into possible
violations of the FCPA by Key or its subsidiaries.  

Key neither admitted nor denied any of the SEC's allegations,
except as to jurisdiction.  Key accrued a liability for the payment
in the first quarter of 2016.

                     About Key Energy

Key Energy Services, Inc. (NYSE: KEG), a Maryland corporation,
claims to be the largest onshore, rig-based well servicing
contractor based on the number of rigs owned.  The Company was
organized in April 1977 and commenced operations in July 1978 under
the name National Environmental Group, Inc.  In December 1992, the
Company became Key Energy Group, Inc. and it changed its name to
Key Energy Services, Inc. in December 1998.

Key Energy reported a net loss of $917.70 million on $792.32
million of revenues for the year ended Dec. 31, 2015, compared to a
net loss of $178.62 million on $1.42 billion of revenues for the
year ended Dec. 31, 2014.

As of March 31, 2016, the Company had $1.22 billion in total
assets, $1.16 billion in total liabilities and $58.87 million in
total equity.

                          *    *    *

As reported by the TCR on June 20, 2016, S&P Global Ratings lowered
its corporate credit rating on U.S.-based Key Energy Services Inc.
to 'CC' from 'CCC-'.  "The downgrade follow's Key's disclosure that
it entered into confidential agreements with certain holders of its
6.75% senior notes due 2021 and certain lenders of the term loans
regarding a financial restructuring," said S&P Global Ratings
credit analyst David Lagasse.

The TCR reported on May 20, 2016, that Moody's Investors Service
downgraded Key Energy Services, Inc.'s Corporate Family Rating
(CFR) to Ca from Caa2, Probability of Default Rating (PDR) to Ca-PD
from Caa2-PD, and senior unsecured rating to Ca from Caa3. The
SGL-4 Speculative Grade Liquidity (SGL) Rating was affirmed.


KYEUNG GUK MIN: Revises Plan to Reclassify Cardinal Bank Claims
---------------------------------------------------------------
Cardinal Bank's secured claims have been reclassified from Class 1A
to Class 1F, according to the latest Chapter 11 plan of
reorganization of Kyeung Guk Min.

The Debtor will continue to make all payments under the loan with
respect to Class 1F claims.  Confirmation of the plan and the
completion of any payment arrangements to any other creditors will
not act as a discharge or modification of the debt of Cardinal
Bank.

A copy of the document is available without charge at
https://is.gd/V7zO01

The Debtor is represented by:

     Thomas F. DeCaro, Jr., Esq.
     14406 Old Mill Road, Suite 201
     Upper Marlboro, MD 20772
     Phone: (301) 464-1400
     Fax: (301) 464-4776
     Email: tfd@erols.com

                      About Kyeung Guk Min

Kyeung Guk Min sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. E.D. Va. Case No. 14-13416) on September 14, 2014.


LAST CALL GUARANTOR: Seeks Court Approval of Cash Collateral Use
----------------------------------------------------------------
Last Call Guarantor, LLC, et al., sought emergency interim
authority from the Bankruptcy Court to use cash collateral in order
to fund ongoing working capital needs, including, but not limited
to employee payroll expenses, certain obligations to their vendors,
suppliers, customers, and taxing and regulatory authorities, fees
payable to the United States Trustee and other costs of
administering their estates.

The Debtors said that without the limited use of Cash Collateral,
they will not have sufficient funds to operate their business and
will be forced to immediately shut down all of their operations.

The Debtors are parties to a credit agreement dated March 12, 2014,
with the lenders party thereto and Antares Capital LP as successor
to General Electric Capital Corporation, as agent, which provided
the Company with a term loan in the principal amount of
approximately $80.2 million secured by secured by first priority
liens.  The Debtors also entered into a credit agreement on March
12, 2014, with the lenders party thereto and Cantor Fitzgerald,
L.P. as successor to Cerberus Business Finance, LLC, as agent,
which provided the Company with a term loan in the principal amount
of approximately $27 million secured by second priority liens.

In consideration of the Debtors' use of Cash Collateral, they
propose to grant the Secured Parties adequate protection to the
extent of any diminution in the value of their interests in the
Prepetition Collateral in the form of:
  
   (i) replacement security interests in and liens upon the
       Debtors' real and personal, tangible and intangible
       property and assets, and the proceeds, products, offspring,
       rents and profits of all of the foregoing, whether such   
       assets are generated or acquired prepetition or post-
       petition to the extent those assets would have constituted
       part of the Prepetition Collateral;

  (ii) additional security interests in and liens on all of the
       Debtors' unencumbered assets, and any proceeds from any
       disposition of any unencumbered asset, or any asset which
       did not constitute Prepetition Collateral (excluding any
       causes of action arising under Sections 544 to 551 of the
       Bankruptcy Code and the related proceeds); and

(iii) super-priority administrative expense claims against each  

       Debtor and its respective estate.  

In addition, the Debtors propose to pay up to $85,000 of fees and
expenses incurred by professionals retained by Antares
Capital, as first lien agent, to date.

The adequate protection security interests and liens granted to the
Secured Parties in connection with the Debtors' use of Cash
Collateral will be subject to the Carve Out and will be valid and
perfected without the need for the execution or filing of any
further documents or instruments.

As of the Petition Date, the Debtors have not secured an agreement
with the Secured Parties as to consensual use of Cash Collateral on
an interim basis.  

"Absent authority to immediately use Cash Collateral, the Debtors,
their creditors and the estates generally would suffer irreparable
harm because the Debtors would immediately cease operations, which,
in turn, would cause an immediate and pronounced deterioration in
the value of the Debtors' business, irreparably impair the Debtors'
ability to maximize the value of their estates and result in the
loss of over 4,700 jobs," said Dennis A. Meloro, Esq., at Greenberg
Traurig, LLP, one of the Debtors' attorneys.

The Debtors only seek the use of Cash Collateral for approximately
a two week period (or the date of conclusion of the final hearing
authorizing use of Cash Collateral) to permit them to continue to
engage in discussions with the Prepetition Secured Parties as to
the direction of these Chapter 11 cases.

The Debtors asked the Court to schedule a final hearing on use of
Cash Collateral on or about Aug. 26, 2016.

                       About Last Call

Headquartered in Dallas, Texas, and with operations in 25 states,
Last Call Guarantor, LLC, et al., operate 48 Fox & Hound locations,
nine Bailey's locations, and 23 Champps locations.  The Debtors
have franchise agreements with five franchisees for Champps
Restaurants.  The Debtors have more than 4,700 full and part-time
employees.

On Aug. 10, 2016, each of Last Call Guarantor, LLC, Last Call
Holding Co. I, Inc., Last Call Operating Co. I, Inc.,  F&H
Restaurants IP, Inc., KS Last Call Inc., Last Call Holding Co. II,
Inc., Last Call Operating Co. II, Inc., Champps Restaurants IP,
Inc. and MD Last Call Inc. filed a Chapter 11 bankruptcy petition
(Bankr. D. Del. Case Nos. 16-11844 to 16-11852).  The petitions
were signed by Roy Messing as chief restructuring officer.

Last Call, which owns directly or indirectly all other Debtors,
estimated assets in the range of $10 million to $50 million and
liabilities of $100 million to $500 million.

Greenberg Traurig, LLP, serves as counsel to the Debtors.  Prior to
the Petition Date, the Debtors hired SSG Capital Advisors, LLC, to
commence a sale process to evaluate various parties' interest in
acquiring the Debtors' businesses.

Judge Kevin Gross is assigned to the cases.


LAST CALL: Aug. 22 Meeting Set to Form Creditors' Panel
-------------------------------------------------------
Andy Vara, acting United States Trustee for Region 3, will hold an
organizational meeting on Aug. 22, 2016, at 10:00 a.m. in the
bankruptcy case of Last Call Guarantor, LLC.

The meeting will be held at:

         J. Caleb Boggs Federal Building
         844 King Street, Suite 2112
         Wilmington, DE 19801

The sole purpose of the meeting will be to form a committee or
committees of unsecured creditors in the Debtors' case.

The organizational meeting is not the meeting of creditors pursuant
to Section 341 of the Bankruptcy Code.  A representative of the
Debtor, however, may attend the Organizational Meeting, and provide
background information regarding the bankruptcy cases.

To increase participation in the Chapter 11 proceeding, Section
1102 of the Bankruptcy Code requires that the United States Trustee
appoint a committee of unsecured creditors as soon as practicable.
The Committee ordinarily consists of the persons, willing to serve,
that hold the seven largest unsecured claims against the debtor of
the kinds represented on the committee.

Section 1103 of the Bankruptcy Code provides that the Committee may
consult with the debtor, investigate the debtor and its business
operations and participate in the formulation of a plan of
reorganization.  The Committee may also perform other services as
are in the interests of the unsecured creditors whom it represents.


LATTICE SEMICONDUCTOR: Incurs $13.8 Million Net Loss in Q2
----------------------------------------------------------
Lattice Semiconductor Corporation filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net loss of $13.81 million on $99.2 million of total revenue for
the three months ended July 2, 2016, compared to a net loss of
$35.6 million on $106 million of total revenue for the three months
ended July 4, 2015.

For the six months ended July 2, 2016, the Company reported a net
loss of $33.5 million on $196 million of total revenue compared to
a net loss of $88.9 million on $195 million of total revenue for
the six months ended July 4, 2015.

As of July 2, 2016, Lattice had $789.53 million in total assets,
$508 million in total liabilities and $281 million in total
stockholders' equity.

"We believe that our financial resources will be sufficient to meet
our working capital needs through at least the next 12 months.  As
of July 2, 2016, we did not have significant long-term commitments
for capital expenditures.  In the future, and to the extent our
Credit Agreement permits, we may continue to consider acquisition
opportunities to further extend our product or technology
portfolios and further expand our product offerings.  In connection
with funding capital expenditures, completing other acquisitions,
securing additional wafer supply, or increasing our working
capital, we may seek to obtain equity or additional debt financing,
or advance purchase payments or similar arrangements with wafer
manufacturers.  We may also need to obtain equity or additional
debt financing if we experience downturns or cyclical fluctuations
in our business that are more severe or longer than we anticipated
when determining our current working capital needs, which financing
may now be more difficult to obtain in light of our indebtedness
related to the Credit Agreement," the Company said in the report.

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

                      https://is.gd/HA7UAK

Lattice Semiconductor Corporation and its subsidiaries develop
semiconductor technologies that it monetizes through products,
solutions, and licenses.


LBH National: Selling Substantially All Assets to Vista for $250K
-----------------------------------------------------------------
LBH National Corp., asks the U.S. Bankruptcy Court for the District
of Colorado to authorize the sale of substantially all assets to
Vista Realty, Inc., for $250,000.

The Debtor currently operates under the business name of Shorewood
Realtors.  However, prepetition the Debtor operated as a franchise
of ERA Franchise Systems, LLC ("ERA").  On the Petition Date, the
Debtor employed approximately 258 real estate agents as independent
contractors who are engaged in buying and selling high-end
residential real estate in Southern California. Since the Petition
Date, the Debtor has lost a number of sales agents.

ERA is the principal secured lender in the case holding and
asserting a claim in excess of $6,000,000. ERA holds a lien to
secure its claim encumbering all of the Debtor's assets, leases and
contracts.  ERA has consented to the Debtor's use of cash
collateral in which it holds an interest on a limited basis to
enable the Debtor to sell its business.

The Debtor has decided to sell the bulk of its California
operations in light of the financial difficulties it has been under
prior to and during the case.

Vista has provided the Debtor with a letter of intent and has now
provided and the parties have negotiated an Asset Purchase ("APA").
The APA provides for the sale of certain of Debtor's offices and
the assignment of corresponding leases.  In addition, certain
personal property, leases, and contracts including but not limited
to listing agreements, sales agents independent contractor
agreements and pending sale contracts will be sold.  A full list of
assets to be sold are set forth in the APA.

A copy of the APA attached to the Motion is available for free at:

                   
http://bankrupt.com/misc/LBH_National_140_Sales.pdf

Pursuant to the APA, the Debtor will convey all assets to Vista for
$250,000, plus certain added amounts that are needed to cure the
arrearages on any leases and contracts that Vista would like to
purchase. The purchase price will be in the form of promissory note
secured by a lien encumbering all of the assets that Vista acquires
from the Debtor. The amounts necessary to cure any assumed and
assigned leases and contracts will also have to be paid by Vista.

ERA has consented to the sale of the assets to Vista. ERA has
agreed to release its lien encumbering the assets being sold to
Vista in exchange for the Debtor's assignment to ERA of the
purchase price promissory note and security agreement.

The Debtor does not have sufficient funds to maintain the leases
and operations being acquired by Vista if the sale is not closed
soon, the value of the assets will be lost to the Debtor and the
estate. The leases that are not being acquired by Vista will be
rejected.

The sale of substantially all of the Debtor's assets will provide
for satisfaction of a portion of the ERA claim and will provide the
Debtor's sales agents and certain employees with a job at a high
end brokerage firm.

                   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.


LEVEL 3 COMMUNICATIONS: Egan-Jones Hikes Sr. Unsec. Rating to BB
----------------------------------------------------------------
Egan-Jones Ratings Company raised the senior unsecured ratings on
debt issued by Level 3 Communications Inc. to BB from BB- on Aug.
5, 2016.

Headquartered in Broomfield, Colorado, Level 3 Communications,
Inc., is a publicly traded international communications company
with one of the world's largest communications and Internet
backbones.


LIBERTY MUTUAL: Fitch Affirms BB Rating on $300MM Jr. Sub. Notes
----------------------------------------------------------------
Fitch Ratings has affirmed Liberty Mutual Group Inc.'s (LMG)
Long-Term Issuer Default Rating (IDR) at 'BBB'.  Additionally,
Fitch has affirmed LMG's insurance operating subsidiaries'
(collectively referred to as Liberty Mutual) Insurer Financial
Strength (IFS) ratings at 'A-'.  The Rating Outlook has been
revised to Positive from Stable for all ratings.

                      KEY RATING DRIVERS

The Positive Outlook is due to Liberty Mutual's gradual improvement
in operating performance, which has historically lagged
higher-rated peers.  Liberty Mutual traditionally generates weaker
underwriting results relative to peers; however, this differential
has moderately narrowed in recent years.  LMG is currently meeting
several upgrade triggers.  Fitch would likely upgrade the ratings
given the following: positive operating performance continues,
LMG's financial leverage ratio falls below 28%, and the company
maintains a 'Strong' Prism score.

The affirmation of LMG's ratings are based on the company's
established and sustainable positions in its chosen markets,
benefits derived from the company's multiple distribution channels,
adequate capitalization and financial performance.

Underwriting results have improved materially over the past three
years, with LMG reporting a 98.9% consolidated GAAP combined ratio
for the first half of 2016 and a 97.8% combined ratio for full-year
2015 and 2014.  LMG also reported $110 million and $309 million of
favorable reserve development in first half 2016 and for full-year
2015, respectively, benefiting from greatly reduced exposure to the
poorly performing workers' compensation line of business.

LMG scored 'Strong' in Fitch's Prism model in 2014; however, the
2015 Prism score has not yet been finalized.  Statutory
policyholders' surplus fell 3% at year-end 2015 due largely to net
unrealized capital losses, with the company also deconsolidating
Venezuelan operations in third quarter 2015.  Surplus grew 4% at
first quarter 2016 over year-end 2015, and through the first six
months of 2016 stated consolidated GAAP equity grew 10% to $21.2
billion driven primarily by unrealized bond gains.

LMG's reported net income  through first half 2016 o  f $408
million, down from $530 million for the prior year period as
realized investment losses and impairments on energy investments in
the second quarter of 2016 totalled $220 million on a pretax basis.
On a normalized basis excluding the investment losses, earnings
would have been largely unchanged as catastrophe losses increased
modestly to 8.6% of earned premiums as opposed to 8.1% in the prior
year period.  LMG also reported net realized losses of $39 million
on derivative contracts and from the sale of energy-related
fixed-income investments in the first quarter of 2016.

LMG's capital position provides an adequate cushion against the
operational and financial risks the company faces, but capital
ratios are less favorable relative to peers.  LMG's ratio of GAAP
net property/casualty written premium to shareholders equity was
higher than peers at 1.8x at year end 2015, up slightly from the
1.7x reported for the prior year.

LMG's financial leverage ratio at June 30, 2016, was 29.9%, up from
28.2% at year-end 2015 due to the issuance of EUR750 million of
senior notes during the second quarter of 2016.  Fitch's
expectation is that financial leverage will remain between 25% -
30%, and should drop modestly at the close of third quarter 2016 as
$249 million of senior notes will come due in August 2016.  GAAP
fixed charge coverage was 4.4x at first half 2016, relatively
unchanged from the 4.3x reported at first half 2015.

                      RATING SENSITIVITIES

Key rating triggers that could lead to an upgrade include:

   -- Maintenance of improved performance in underwriting results
      with a combined ratio of approximately 100% or better on
      both an accident and calendar year basis;

   -- A sustained Prism score of 'Strong' category or higher.

   -- Financial leverage ratio sustained below 28%.

   -- Continued favorable reserve development and stability in
      reserve position.

Key rating triggers that could result in a return to Stable Outlook
include:

   -- A return to accident year underwriting losses;

   -- Material weakening in the company's current reserve
      position, potentially indicated by a unfavorable reserve
      development greater than 5% of prior year equity;

   -- Failure to maintain a fixed charge coverage ratio of 5.0x;

   -- A large acquisition that unfavourably changes the operating
      profile or is financed in a manner that adds balance sheet
      risk through a financial leverage ratio of 35% or higher.

                    FULL LIST OF RATING ACTIONS

Fitch has affirmed these ratings:

Liberty Mutual Group, Inc.

   -- Long-Term IDR at 'BBB'; Outlook revised to Positive from
      Stable;
   -- $249 million 6.7% notes due 2016 at 'BBB-';
   -- $600 million 5.0% notes due 2021 at 'BBB-';
   -- $750 million 4.95% notes due 2022 at 'BBB-';
   -- $1 billion 4.25% notes due 2023 at 'BBB-';
   -- EUR750 million 2.75% notes due 2026 at 'BBB-'
   -- $3 million 7.625% notes due 2028 at 'BBB-';
   -- $231 million 7% notes due 2034 at 'BBB-';
   -- $471 million 6.5% notes due 2035 at 'BBB-';
   -- $19 million 7.5% notes due 2036 at 'BBB-';
   -- $750 million 6.5% notes due 2042 at 'BBB-';
   -- $1,050 million 4.85% notes due 2044 at 'BBB-';
   -- $300 million 7% junior subordinated notes due 2067 at 'BB';
   -- $700 million 7.8% junior subordinated notes due 2087 at
      'BB';
   -- $193 million 10.75% junior subordinated notes due 2088 at
      'BB'.

Liberty Mutual Group, Inc.
   -- Short-Term IDR at 'F2';
   -- Commercial Paper at 'F2'.

Liberty Mutual Insurance Co.
   -- Long-Term IDR at 'BBB+'; Outlook revised to Positive from
      Stable;
   -- $140 million 8.5% surplus notes due 2025 at 'BBB';
   -- $227 million 7.875% surplus notes due 2026 at 'BBB';
   -- $260 million 7.697% surplus notes due 2097 at 'BBB'.

Ohio Casualty Corporation
   -- IDR at 'BBB'; Outlook revised to Positive from Stable;

Fitch has affirmed the IFS of the members of Liberty Mutual Second
Amended and Restated Intercompany Reinsurance Agreement at 'A-'
with a Positive Outlook:

   -- America First Insurance Company
   -- America First Lloyd's Insurance Company
   -- American Economy Insurance Company
   -- American Fire and Casualty Company
   -- American States Insurance Company
   -- American States Insurance Company of Texas
   -- American States Lloyds Insurance Company
   -- American States Preferred Insurance Company
   -- Colorado Casualty Ins. Company
   -- Consolidated Insurance Company
   -- Employers Insurance Company of Wausau
   -- Excelsior Insurance Company
   -- First National Insurance Company of America
   -- General Insurance Company of America
   -- Golden Eagle Ins. Corporation
   -- Hawkeye-Security Insurance Company
   -- Indiana Insurance Company
   -- Insurance Company of Illinois
   -- Liberty County Mutual Insurance Company
   -- Liberty Insurance Corporation
   -- Liberty Insurance Underwriters Inc.
   -- Liberty Lloyds of Texas Insurance Company
   -- Liberty Mutual Fire Insurance Company
   -- Liberty Mutual Insurance Company
   -- Liberty Mutual Mid-Atlantic Insurance Company
   -- Liberty Mutual Personal Insurance Company
   -- Liberty Personal Insurance Company
   -- Liberty Surplus Insurance Corporation
   -- LM General Insurance Company
   -- LM Insurance Corporation
   -- LM Property and Casualty Insurance Company
   -- Mid-American Fire & Casualty Company
   -- Montgomery Mutual Insurance Company
   -- National Insurance Association
   -- Ohio Security Insurance Company
   -- Peerless Indemnity Insurance Company
   -- Peerless Insurance Company
   -- Safeco Insurance Company of America
   -- Safeco Insurance Company of Illinois
   -- Safeco Insurance Company of Indiana
   -- Safeco Insurance Company of Oregon
   -- Safeco Lloyds Insurance Company
   -- Safeco National Insurance Company
   -- Safeco Surplus Lines Insurance Company
   -- The First Liberty Insurance Corporation
   -- The Midwestern Indemnity Company
   -- The Netherlands Insurance Company
   -- The Ohio Casualty Insurance Company
   -- Wausau Business Insurance Company
   -- Wausau General Insurance Company
   -- Wausau Underwriters Insurance Company
   -- West American Insurance Company

Fitch has affirmed the IFS of these companies that participate in a
100% quota share at 'A-' with a Positive Outlook:

   -- Liberty Northwest Insurance Corporation
   -- North Pacific Insurance Company
   -- Oregon Automobile Insurance Company


LINN ENERGY: Has $208 Million Net Income in 2nd Quarter 2016
------------------------------------------------------------
Linn Energy, LLC, filed with the Securities and Exchange Commission
its quarterly report on Form 10-Q for the period ended June 30,
2016.  Linn Energy posted net income of $208,492,000 for the
quarter, a turnaround from the $379,127,000 net loss for the same
period in 2015.  The six months ended June 30, 2016, Linn Energy
posted a net loss of $1,139,254,000 against a net loss of
$718,287,000 for the first half of 2015.

At June 30, 2016, Linn Energy had total assets of $7,477,174,000
against total current liabilities of $3,209,715,000 and liabilities
subject to compromise of $5,069,158,000.  Accumulated deficit is
$6,751,271.

A copy of the Company's Quarterly Report is available at
https://is.gd/pfdltK

                      About Linn Energy

Headquartered in Houston, Texas, Linn Energy, LLC, and its
affiliates are independent oil and natural gas companies.  Each of
Linn Energy, LLC, and 14 of its subsidiaries filed a voluntary
petition under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Tex.
Lead Case No. 16-60040) on May 11, 2016.  The petitions were
signed
by Arden L. Walker, Jr., chief operating officer of LINN Energy.

The Debtors have hired Kirkland & Ellis LLP and Kirkland & Ellis
International LLP as general bankruptcy counsel, Jackson Walker
L.L.P. as co-counsel, Lazard Freres & Co. LLC as financial
advisor,
AlixPartners as restructuring advisor and Prime Clerk LLC as
claims, notice and balloting agent.

Judge David R. Jones presides over the cases.

The Office of the U.S. Trustee has appointed five creditors of
Linn
Energy LLC to serve on the official committee of unsecured
creditors.


LOURIE FOLLAND: Unsecured Creditors to Get 7.5% Under Exit Plan
---------------------------------------------------------------
Unsecured creditors will get 7.5% of their claims under a Chapter
11 plan of reorganization of Lourie Folland, a real estate agent
based in Fresno, California.

Under the plan, Class 3 general unsecured claims will be paid a
total of $65,000, which amounts to about 7.5% of the total claimed.


Beginning in the 46th month following the effective date of the
plan, the Debtor will set aside $4,333 per month to make the
payments.  

The Debtor estimates that the total amount of Class 3 general
unsecured claims is $838,994, according to the Debtor's disclosure
statement filed with the U.S. bankruptcy Court for the Eastern
District of California.

A copy of the disclosure statement is available for free at
https://is.gd/ug1YGc

The Debtor is represented by:

     Peter L. Fear, Esq.
     Gabriel J. Waddell, Esq.
     Fear Waddell, P.C.
     7750 North Fresno Street, Suite 101
     Fresno, California 93720
     Tel: (559) 436-6575
     Fax: (559) 436-6580
     Email: pfear@fearlaw.com

                       About Lourie Folland

Lourie Lanett Folland is a real estate agent based in Fresno,
California.  The Debtor sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Cal. Case No. 15-14274) on October 30,
2015.  The case is assigned to Judge Fredrick E. Clement.


LUIS A. SEGURA: Plan Proposes 100% Payment to Unsecureds
--------------------------------------------------------
Luis A. Segura, a driver for GreenStreet Cleaners, and Yolanda
Segura, a self-employed house cleaner, filed with the U.S.
Bankruptcy Court for the Northern District of California a combined
plan of reorganization and accompanying disclosure statement
proposing to pay 100% of the allowed claims of general unsecured
creditors.

The Debtors sought protection under Chapter 11 of the Bankruptcy
Code to conduct an orderly liquidation of their assets to satisfy
the claims against their estate.  The Debtors are married but
separated.  In or around June 2013, the San Francisco Superior
Court entered a judgment against the Debtors for a total amount of
$132,950 in a breach of habitability lawsuit.  In November 2013,
the Court awarded an additional $430,100 in attorney's fees and
$11,707 in costs to the judgment creditors' attorneys.

A full-text copy of the Disclosure Statement dated Aug. 1, 2016, is
available at http://bankrupt.com/misc/azb15-10365-81.pdf

Luis A. Segura and Yolanda Segura filed a Chapter 11 petition
(Bankr. N.D. Cal. Case No. 15-31330) on October 28, 2015.  They are
represented by Nam H. Le, Esq., at Jaurigue Law Group.


MARY HADLEY: Selling CIB Stock to Tuscola National Bank for $22.3K
------------------------------------------------------------------
Mary Lydia Hadley asks the U.S. Bankruptcy Court for the Central
District of Illinois to authorize the private sale of 65,674 shares
of Central Illinois Bank common stock ("CIB Stock") to Tuscola
National Bank for $22,329, subject to overbid.

The Debtor's Fourth Amended Plan of Reorganization was confirmed by
the Court on July 31, 2007. Pursuant to the Confirmation Order, the
Debtor has the authority to sell certain assets of the Bankruptcy
Estate as set forth in the confirmed Plan and Confirmation Order.

The CIB Stock was previously held as collateral by CIB Bank and
released to Debtor free and clear of liens pursuant to that certain
settlement agreement between Debtor and Central Illinois Bank in
adversary case no. 06-9015.

The bankruptcy estate holds the CIB Stock free and clear of all
liens and claims, except as to the distribution of the sale
proceeds from the CIB Stock to Class 6 Claimants under the
Confirmed Plan. Buyer is a Class 2 secured creditor of Debtor and
is a member of Class 6 under the Plan.

The Debtor has attempted to sell the CIB Stock on publicly traded
open market, and has been informed by securities brokers that the
CIB Stock is not salable in such manner.  The Debtor negotiated the
private sale to buyer after offering the CIB Stock to potentially
interested parties and competing bidders, and buyer’s offer is
the highest offer received to date for the CIB Stock.

The terms and conditions of the proposed sale to Buyer are as
follows:

    a. The Debtor proposes to sell all 65,674 shares of the CIB
Stock to Buyer free and clear of all liens at a sales price of
$0.34 per share, for a total sales price of $22,329;

    b. Closing on the proposed sale will take place within 5
business days of the Court's Order approving the sale becoming
final and non-appealable at the buyer's branch bank in Champaign,
Illinois or any such location as Debtor and buyer mutually agree;

    c. Payment will be made by buyer to the Debtor at closing in
immediately available funds;

    d. The Debtor will execute all documents necessary to
effectuate the transfer of title to the CIB Stock to Buyer; and

    e. Costs of sale will be paid from the sale proceeds.

Competing bids for the CIB Stock will be entertained at the time of
hearing on Debtor's Motion, and will be awarded on the basis of
price offered and whether acceptance of such bid is in the best
interest of the bankruptcy estate.

All net proceeds from the sale will be paid on a pro-rata basis to
the Class 6 Creditors as set forth in the Confirmation Order;
except as to Edgar County Bank, which received its pro-rata
distributive share of the CIB Stock in shares of stock and is not
entitled to participate in distribution of the net sale proceeds of
the CIB stock.

Mary Lydia Hadley is represented by:

          Mary E. Lopinot
          MATHIS, MARIFIAN & RICHTER, LTD.
          23 Public Square, Suite 300
          Belleville, IL 62220
          Telephone: (618) 234-9800
          Facsimile: (618) 234-9786
          E-mail: mlopinot@mmrltd.com


MAUI LAND: Posts $13.4 Million Net Income for Second Quarter
------------------------------------------------------------
Maui Land & Pineapple Company, Inc., filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing
net income of $13.4 million on $17.97 million of total operating
revenues for the three months ended June 30, 2016, compared to a
net loss of $818,000 on $2.76 million of total operating revenues
for the three months ended June 30, 2015.

For the six months ended June 30, 2016, the Company reported net
income of $12 million on $20.95 million of total operating revenues
compared to a net loss of $1.91 million on $5.55 million of total
operating revenues for the same period last year.

As of June 30, 2016, Maui Land had $45.07 million in total assets,
$43.1 million in total liabilities, and $1.93 million in total
stockholders' equity.

On Aug. 5, 2016, the Company refinanced its $26.4 million of
outstanding bank loans under a $27.0 million revolving credit
facility with First Hawaiian Bank.  The Credit Facility matures on
Dec. 31, 2019, and provides for two optional one-year extension
periods.  The Company has pledged a significant portion of its real
estate holdings as security for borrowings under the Credit
Facility, limiting its ability to borrow additional funds.

The Credit Facility includes covenants requiring among other
things, an initial minimum liquidity of $0.5 million, a maximum of
$45 million in total liabilities, and a limitation on new
indebtedness.  If the Company is unable to meet its covenants,
borrowings under the Credit Facility may become immediately due,
and it would not have sufficient liquidity to repay such
outstanding borrowings.

Net proceeds from the sale of any real estate assets pledged as
security under the Credit Facility are required to be repaid toward
outstanding borrowings and will permanently reduce the revolving
commitment amount, limiting the available drawing capacity for
future working capital purposes.

The Company said it continues to undertake efforts to generate cash
flow by employing its real estate assets in leasing and other
arrangements, by the sale of several real estate assets, and by
continued cost reduction efforts.

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

                     https://is.gd/ag1EcO

                  About Maui Land & Pineapple Co.

Maui Land & Pineapple Company, Inc. (NYSE: MLP) --
http://mauiland.com/-- develops, sells, and manages residential,  

resort, commercial, and industrial real estate.  The Company owns
approximately 23,000 acres of land on Maui and operates retail,
utility operations, and a nature preserve at the Kapalua Resort.
The Company's principal subsidiary is Kapalua Land Company, Ltd.,
the operator and developer of Kapalua Resort, a master-planned
community in West Maui.

Maui Land reported net income of $17.6 million on $33 million of
total operating revenues for the year ended Dec. 31, 2014, compared
with a net loss of $1.16 million on $15.2 million of total
operating revenues in 2013.

Accuity LLP, in Honolulu, Hawaii, issued a "going concern"
qualification in its report on the Company's consolidated financial
statements for the year ended Dec. 31, 2014.


MEDAILLE COLLEGE: S&P Lowers Rating on 2013 Revenue Bonds to 'BB'
-----------------------------------------------------------------
S&P Global Ratings lowered its long-term rating to 'BB' from 'BB+'
on Buffalo & Erie County Industrial Land Development Corp., N.Y.'s
series 2013 revenue bonds, issued for Medaille College.  The
outlook is stable at the lower rating.

"The downgrade reflects a four-year trend of declining enrollment,
and three consecutive years of operating deficits that we expect to
continue for the next two years," said S&P Global Ratings credit
analyst Charlene Butterfield.  S&P assessed Medaille's enterprise
profile as adequate, characterized by a regional student draw and
student quality that remains well below the national average.  S&P
assessed Medaille's financial profile as vulnerable, with a trend
of moderate full-accrual deficits and modest available resource
ratios for the rating category. Combined, S&P believes these credit
factors lead to an indicative stand-alone credit profile of 'bb'
and a final rating of 'BB'.  

Securing the bonds is a general obligation and a mortgage lien on
the central campus of the college.  

Medaille College, in Buffalo, offers 17 bachelor degree programs,
eight master's degree programs, one doctoral program, 11 online
degrees, and four certificate programs.

"The outlook reflects our expectation that during the next year,
Medaille's operating deficits will persist, that available
resources will remain at or near current levels, and enrollment
will show signs of stabilization," added Ms. Butterfield.

S&P could consider a negative outlook or lower rating during the
next year if Medaille's enrollment continues to decline or if
available resources deteriorate from current levels.  Conversely,
though unlikely, given the expectation that deficits will persist
during the next year and enrollment has not yet stabilized, S&P
could consider a higher rating if Medaille maintains operating
results at break-even levels or better, if available resources grow
from current levels and if overall enrollment grows.


MEDAK TRUCKING: Hires Scura Wigfield as Attorney
------------------------------------------------
Medak Trucking, LLC seeks authorization from the U.S. Bankruptcy
Court for the District of New Jersey to employ Scura, Wigfield,
Heyer & Stevens, LLP as attorney.

The Debtor requires Scura Wigfield to:

   (a) give advice to the Debtor regarding its powers and duties
       as the Debtor in the operation of its business;

   (b) represent the Debtor in bankruptcy matters and adversary
       proceedings; and

   (c) perform all legal services for the Debtor which may be
       necessary.

Scura Wigfield will be paid at these hourly rates:

       Partners                $425
       Associates              $350
       Paralegals              $150

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

David L. Stevens, member of Scura Wigfield, assured the Court that
the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtors and their estates.

Scura Wigfield can be reached at:

       David L. Stevens, Esq.
       SCURA, WIGFIELD, HEYER & STEVENS, LLP
       1599 Hamburg Turnpike
       Wayne, NJ 07470
       Tel: (973) 696-8391

                    About Medak Trucking, LLC

Medak Trucking, LLC, based in Edison, N.J., filed a Chapter 11
petition (Bankr. D.N.J. Case No. 16-24788) on August 1, 2016.  The
Hon. Michael B. Kaplan presides over the case.  David L. Stevens,
Esq., at Scura, Wigfield, Heyer & Stevens, LLP, as bankruptcy
counsel.

In its petition, the Debtor estimated $0 million to $50,000 in
assets and $1 million to $10 million in liabilities.  The petition
was signed by Andrew Obadiaru, president.


METROPOLITAN BAPTIST: Selling DC Condo Unit to Fitzgerald for $435K
-------------------------------------------------------------------
Metropolitan Baptist Church asks the U.S. Bankruptcy Court for the
District of Columbia to authorize the sale of its condominium unit
located at 1210 R Street, N.W., Washington, D.C., outside the
ordinary course of business to William B. Fitzgerald for $435,000.

The Property is subject to a lien held by Industrial Bank.

Pursuant to a Loan Agreement dated Sept. 9, 2008, and prior to the
Petition Date, the Bank extended to the Debtor a revolving line of
credit in the maximum principal amount of $500,000, as evidenced by
a Revolving Line of Credit Note dated Sept. 9, 2008.

The Loan is secured by a duly perfected first priority lien and
security interest in the Property, along with all equipment, and
all rents, issues, leases and profits arising out of the Property
and equipment, as evidenced by a Deed of Trust and Security
Agreement and Fixture Filing recorded in Recorder of Deeds of the
District of Columbia as Instrument No. 2008097895.

Subject to Court approval, the Debtor and the Bank have agreed to
renew the terms of the Loan and extend the maturity date for full
payment of the Loan through and including Dec. 31, 2016, in
exchange for regular consecutive monthly payments from the Debtor
in the amount of $3,550 starting April 1, 2016 and a final balloon
payment of all outstanding amounts due under the Note and other
loan documents on Dec. 31, 2016. The loan will continue to bear an
annual interest at the rate of 6%. The terms of the renewal
agreement are memorialized by a Renewal Agreement dated June 21,
2016 ("Renewal Agreement").

On June 29, 2016, Debtor and the Bank filed a Consent Motion for
Order Approving Stipulation and Agreement with Secured Lender
Industrial Bank, requesting the Court's approval of the Renewal
Agreement by Debtor and the Bank to renew the terms of the loan and
extend the maturity date. Pursuant to the terms of the Renewal
Agreement, Debtor agreed that on or before Dec. 30, 2016, after
obtaining necessary Court approval, the Debtor will attempt to
close a sale of the Property, and that such net proceeds from the
sale of the Property as necessary to satisfy the outstanding
balance due on the Loan.

On June 30, 2016, the Debtor executed a contract for the sale of
the Property ("Contract") for $435,000 to Fitzgerald. Debtor has
received a purchase money deposit from Fitzgerald in the amount of
$10,000. The Contract provides that the deposit is to be applied
toward the payment of Debtor's monthly Debt Service payments in the
amount of $3,550, beginning with the first payment due upon
ratification of the Contract.

The purchase of the Property is contingent upon approval of a
zoning modification, allowing for the conversion of the Property to
3 separate residential condominium units. Settlement under the
Contract is to take place not later than Dec. 30, 2016. The full
purchase price is to be paid at closing.

There are no financing contingencies with respect to the
Fitzgerald's obligation to purchase the Property and all closing
costs are to be paid by Fitzgerald. There are no broker's
commissions due under the Contract.

As of June 16, 2016, the principal balance due to the Bank under
the terms and conditions of the Renewal Agreement was $411,324. The
Bank has consented to permit the Debtor to receive $10,000 from the
sale proceeds, such that the Bank will receive proceeds of up to
$425,000, in such amount as is necessary to pay the Bank's secured
claim in full.

             About Metropolitan Baptist Church

Headquartered in Largo, Maryland, Metropolitan Baptist Church is a
not-for-profit religious corporation, originally incorporated in
the District of Columbia in 1892.

Metropolitan Baptist Church sought the Chapter 11 protection
(Bankr. D.C. Case No. 16-00040) on Feb. 5, 2016.  Judge Martin S.
Teel, Jr., presides over the case.

The Debtor estimated assets in the range of $1 million to $10
million and $10 million to $50 million.

Wendell W. Webster, Esq., at Webster & Fredrickson, PLLC, serves as
the Debtor's counsel.

The petition was signed by Harry T. Jones, Jr., Chair, Board of
Trustees.


MGM RESORTS: Units Issue $500 Million Senior Notes Due 2026
-----------------------------------------------------------
MGM Growth Properties Operating Partnership LP and MGP Finance
Co-Issuer, Inc., indirect subsidiaries of MGM Resorts
International, a Delaware corporation, issued $500 million in
aggregate principal amount of their 4.500% senior unsecured notes
due 2026 under an indenture dated as of Aug. 12, 2016, among the
Issuers, the subsidiary guarantors party thereto and U.S. Bank
National Association, as trustee.  The Notes were sold in the
United States only to accredited investors pursuant to an exemption
from the Securities Act of 1933, as amended, and subsequently
resold to qualified institutional buyers pursuant to Rule 144A
under the Securities Act and to non-U.S. persons in accordance with
Regulation S under the Securities Act.

The Issuers intend to use the net proceeds of the offering, or
approximately $492.2 million (after giving effect to discounts,
commissions and offering expenses), to refinance amounts
outstanding under the Issuer's revolving credit facility that were
drawn in connection with MGM Growth Properties LLC's acquisition of
the real property of Borgata Hotel Casino and Spa from the Company,
which was completed on Aug. 1, 2016.  Any remaining proceeds will
be used for general corporate purposes.

The Notes will mature on Sept. 1, 2026.  The Company will pay
interest on the Notes on March 1 and September 1 of each year,
commencing on March 1, 2017.  Interest on the Notes will accrue at
a rate of 4.500% per annum and be payable in cash.

The Notes will be fully and unconditionally guaranteed, jointly and
severally, by each of the Issuer's direct and indirect wholly owned
material domestic subsidiaries, excluding the Co-Issuer, that
guarantees the Issuer's senior credit agreement or any other
material capital markets indebtedness.  The notes will not be
guaranteed by or be the obligations of the Company, MGM Growth
Properties LLC, MGM Growth Properties OP GP LLC, or the Company's
other subsidiaries.

The Issuers may redeem all or part of the Notes at a redemption
price equal to 100% of the principal amount of the Notes plus, to
the extent the Issuers are redeeming Notes prior to the date that
is three months prior to their maturity date, an applicable make
whole premium, plus, in each case, accrued and unpaid interest.

The Indenture contains customary covenants that will limit the
Issuers' ability and, in certain instances, the ability of the
Issuers' subsidiaries, to borrow money, create liens on assets,
make distributions and pay dividends on or redeem or repurchase
stock, make certain types of investments, sell stock in certain
subsidiaries, enter into agreements that restrict dividends or
other payments from subsidiaries, enter into transactions with
affiliates, issue guarantees of debt, and sell assets or merge with
other companies.  These limitations are subject to a number of
important exceptions and qualifications set forth in the
Indenture.

Events of default under the Indenture include, among others, the
following with respect to the Notes: default for 30 days in the
payment when due of interest on the Notes; default in payment when
due of the principal of, or premium, if any, on the Notes; failure
to comply with certain covenants in the Indenture for 60 days after
the receipt of notice from the trustee or holders of 25% in
aggregate principal amount of the Notes of such series;
acceleration or payment default of debt of the Issuers or a
significant subsidiary thereof in excess of a specified amount that
remains uncured for 30 days; certain events of bankruptcy or
insolvency; and the master lease or the guaranty related thereto
terminating or ceasing to be effective in certain circumstances. In
the case of an event of default arising from certain events of
bankruptcy or insolvency with respect to the Issuers, all Notes
then outstanding will become due and payable immediately without
further action or notice. If any other event of default occurs with
respect to the Notes, the trustee or holders of 25% in aggregate
principal amount of the Notes may declare all the Notes to be due
and payable immediately.

                        About MGM Resorts

MGM Resorts International (NYSE: MGM) a global hospitality
company, operating a portfolio of destination resort brands
including Bellagio, MGM Grand, Mandalay Bay and The Mirage.  The
Company also owns 51% of MGM China Holdings Limited, which owns
the MGM Macau resort and casino and is in the process of
developing a gaming resort in Cotai, and 50% of CityCenter in Las
Vegas, which features ARIA resort and casino.  For more
information about MGM Resorts International, visit the
Company's Web site at http://www.mgmresorts.com/

MGM Resorts reported a net loss attributable to the Company of
$447.72 million in 2015, a net loss attributable to the Company of
$149.87 million in 2014 and a net loss attributable to the Company
of $171.73 milion in 2013.

As of Dec. 31, 2015, MGM Resorts had $25.21 billion in total
assets, $17.45 billion in total liabilities and $7.76 billion in
total stockholders' equity.

                           *     *     *

As reported by the TCR on Nov. 14, 2011, Standard & Poor's Ratings
Services raised its corporate credit rating on MGM Resorts
International to 'B-' from 'CCC+'.   In March 2012, S&P revised
the outlook to positive from stable.

"The revision of our rating outlook to positive reflects strong
performance in 2011 and our expectation that MGM will continue to
benefit from the improving performance trends on the Las Vegas
Strip," S&P said.

In March 2012, Moody's Investors Service affirmed its B2 corporate
family rating and probability of default rating.  The affirmation
of MGM's B2 Corporate Family Rating reflects Moody's view that
positive lodging trends in Las Vegas will continue through 2012
which will help improve MGM's leverage and coverage metrics,
albeit modestly. Additionally, the company's declaration of a $400
million dividend ($204 million to MGM) from its 51% owned Macau
joint venture due to be paid shortly will also improve the
company's liquidity profile. The ratings also consider MGM's
recent bank amendment that resulted in about 50% of its
$3.5 billion senior credit facility being extended one year from
2014 to 2015.

As reported by the TCR on Sept. 29, 2014, Fitch Ratings has
upgraded MGM Resorts International's (MGM) and MGM China Holdings
Ltd's (MGM China) IDRs to 'B+' from 'B' and 'BB' from 'BB-',
respectively.  Fitch's upgrade of MGM's IDR to 'B+' and the
Positive Outlook reflect the company's strong performance on the
Las Vegas Strip and in Macau as well as Fitch's longer-term
positive outlooks for these markets.


MICHAEL SYLVESTER: Unsecureds to Recover 100% Under Plan
--------------------------------------------------------
Michael Dominic Sylvester and Dawn Sylvester filed with the U.S.
Bankruptcy Court for the Northern District of Illinois a sixth
amended disclosure statement in conjunction with their sixth
amended plan of reorganization.

Class 3 unsecured claims includes all of the allowed and not
objected to unsecured nonpriority claims against the Debtors.  The
general unsecured claims include the claims of Allied Waste
Transportation ($4,530.76), CDA ($636.00), Comprehensive Imaging
Assoc PC ($33.00), Discover Bank, ($500.00), Great Lakes Automatic
Door, Inc. ($8,480.04), Midland Credit Management ($10,360.98),
Midland Credit Management ($10,561.98) and Penske Truck Leasing Co.
($863.50).  

Under the Plan, each holder of Allowed Class 3 Claims -- those
which are objected to will be counted as disallowed -- totaling
$35,966.26 will be paid 100% without interest of all claims held by
the Holders starting 30 days completion of payments to the
unclassified Tax Claim of the IRS under Section 3.1(b) until paid
in full with a payment each month of $700 pro rata.

The Debtors will make all payments out of their future income from
operating of their Custom Glass Production and Installation
Business and from their rental of the estate's real estate (Cedar
Lake).  The Debtor expects to receive net income sufficient to pay
all claims.

The Debtors intend to continue the operations of their business
which, based upon historical data, should generate a profit
sufficient to pay the monies required under this Plan.  All
distributions under the Plan will be made from the Custom Glass
Production and Installation and Rental Real Estate businesses as a
going concern.

The Sixth Amended Disclosure Statement is available at:

            http://bankrupt.com/misc/ilnb13-06990-451.pdf

The Sixth Amended Plan was filed by:

     Paul M. Bach, Esq.
     BACH LAW OFFICES
     P.O. Box 1285
     Northbrook, IL 60065
     Tel: (847) 564-0808

Michael Dominic Sylvester and Dawn Sylvester operate a rental real
estate and custom glass production and installation business.  They
manage their financial affairs as debtors-in-possession.

The Debtors filed for Chapter 11 bankruptcy protection (Bankr. N.D.
Ill. Case No. 13-06990) on Feb. 24, 2013.

No trustee examiner or committee of unsecured creditors have been
appointed to serve in this Chapter 11 case.


MIDAS INTERMEDIATE: Moody's Rates New $75MM Notes Add-On 'Caa1'
---------------------------------------------------------------
Moody's Investors Service affirmed Midas Intermediate Holdco II,
LLC's B2 Corporate Family Rating and B2-PD Probability of Default
Rating, as well as the Ba3 rating on the company's senior secured
credit facilities and the Caa1 rating on the company's unsecured
notes, following the announced $75 million add-on to the company's
notes. Moody's also assigned a Caa1 rating the new $75 million
add-on. The outlook remains stable.

The affirmation of the CFR reflects Moody's expectation that the
additional $75 million will be used to fund future acquisitions in
Service King's pipeline consistent with the company's acquisition
history (in terms of purchase multiples and scale), which will help
bring credit metrics back in line with the company's B2 rating.
Moody's estimates leverage pro-forma for the proposed transaction
at around 8.0 times for the LTM period ended April 2, 2016 (after
adjusting for some acquisition related costs and the expected full
year impact of acquired stores), which is high for the rating
category. However, the rating agency expects continued solid
operating performance that includes meaningful topline growth
driven by positive same store sales and new store acquisitions, as
well as margin and EBITDA improvements that will drive pro-forma
leverage below 7 times over the next 24 months.

In affirming Service King's rating, Moody's considered the
company's track record of profitably integrating newly acquired
stores, as well as expected cost savings and improved performance
at its stores owing to better supplier contracts, systems upgrades,
corporate advertising, and increased insurance carrier
relationships. The B2 CFR also reflects Moody's expectations that
the company will not pursue any shareholder distributions or issue
additional debt over the next 12-24 months as this transaction,
combined with prior debt increases, will be sufficient to fund
acquisitions over the period. Additional debt raises or shareholder
distributions over the near term could pressure the rating.

"While LTM credit metrics are weak for the rating category, the
company's formidable market position and track record of
successfully acquiring and integrating new stores should allow for
meaningful credit metric improvement over the next 12-24 months,"
said Moody's analyst Dan Altieri.

Moody's took the following rating actions today:

   Issuer: Midas Intermediate Holdco II, LLC

   -- Corporate Family Rating, Affirmed at B2

   -- Probability of Default Rating, Affirmed at B2-PD

   -- $100 Million Senior Secured Revolving Credit Facility due
      2019, Affirmed at Ba3 (LGD2)

   -- $555 Million Senior Secured Term Loan B due 2021, Affirmed
      at Ba3 (LGD2)

   -- $25 Million Senior Secured Delayed Draw Term Loan due 2021,
      Affirmed at Ba3 (LGD2)

   -- $40 Million Senior Secured Delayed Draw Term Loan B due
      2021, Affirmed at Ba3 (LGD2)

   -- $300 Million Senior Unsecured Notes due 2022, Affirmed at
      Caa1 (LGD5)

   -- $75 Million Senior Unsecured Notes due 2022, Assigned at    
      Caa1 (LGD5)

   -- Outlook, Remains Stable

RATINGS RATIONALE

Service King's B2 CFR reflects the company's high leverage and
modest interest coverage. Moody's estimates lease adjusted leverage
at around 8.0 times for the LTM period ended April 2, 2016. However
given the company's solid history of operating performance and
track record of integrating new acquisitions, Moody's expects
pro-forma credit metrics will migrate to a level more in line with
the B2 rating over the next 12-24 months. In addition, the ratings
derive support from the company's formidable market position in a
highly fragmented segment, and from its relationships with a large
number of prominent insurance carriers which drives demand and
provides stability to operating performance.

The company's liquidity profile is good, supported by approximately
$180 million in cash pro-forma for the proposed transaction, as
well as Moody's expectation for positive free cash flow over the
next 12-18 months (before accounting for acquisitions). In addition
to meaningful balance sheet cash, Service King has access to an
undrawn $100 million revolver due 2019, which Moody's does not
anticipate the company will draw on over the next 12-18 months. The
revolver contains a springing first lien net leverage covenant
which is tested if greater than 30% of the revolver commitment is
outstanding. Moody's does not expect this covenant will be
triggered, but anticipates sufficient cushion if it were tested.

The Ba3 ratings assigned to Service King's $100 million senior
secured revolver and $613 million of senior secured term loans
(including the delayed draw term loans), reflect their senior
position in the capital structure, relative to the company's $375
million senior unsecured notes (rated Caa1) and other junior
claims, including trade payables, operating leases and earnout
notes. The term loans and revolver are secured by a first lien on
substantially all assets of the company.

The stable outlook reflects Moody's expectation for improving
credit metrics over the next 12-24 months as recent and future
acquisitions support revenue, EBITDA, and margin improvement.

Given that credit metrics are weak for the rating category, an
upgrade over the near term is unlikely. However, if the company is
able to execute on its acquisitive growth strategy by driving
meaningful revenue and EBITDA growth resulting in debt/EBITDA
sustained below 5.5 times with EBIT/interest above 2.25 times, the
ratings could be upgraded. An upgrade would also require the
company to maintain its good liquidity profile and the expectation
that financial policies will sustain metrics at these levels.

Ratings could be downgraded if operating performance is weaker than
anticipated or the company faces challenges integrating new
acquisitions, resulting in credit metrics sustained outside the
range of the B2 rating or a weakening liquidity profile.
Debt/EBITDA sustained around 7.0 times or interest coverage
approaching 1 time could result in a downgrade. Moody's expects
earnings from recently acquired stores will take 12-24 months post
acquisition to be fully realized in the company's earnings.

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

Headquartered in Richardson, Texas, Midas Intermediate Holdco II,
LLC is a leading provider of vehicle body repair services with
revenue of around $1.0 billion through the LTM period ended April
2, 2016. The company operates under the Service King brand name and
had 299 locations in 23 states as of April 2, 2016.


MILESTONE SCIENTIFIC: Incurs $2.09M Net Loss in Second Quarter
--------------------------------------------------------------
Milestone Scientific Inc. filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $2.09 million on $2.37 million of net product sales for the
three months ended June 30, 2016, compared to a net loss of $2.11
million on $1.76 million of net product sales for the three months
ended June 30, 2015.

For the six months ended June 30, 2016, the Company reported a net
loss of $3.35 million on $5.83 million of net product sales
compared to a net loss of $2.54 million on $4.53 million of net
product sales for the six months ended June 30, 2015.

As of June 30, 2016, Milestone had $12.60 million in total assets,
$3.99 million in total liabilities and $8.61 million in total
equity.

Milestone Scientific raised $2 million in a private placement in
June 2016.  Current liabilities increased to approximately $4.0
million versus approximately $3.6 million for June 30, 2016, and
2015, respectively.  Working Capital decreased by $477,000 to
$7,700,000.  Milestone Scientific believes that its cash on hand
and anticipated revenues from the dental business will be
sufficient to operate the ongoing business for at least the next 12
months.  The funding for Milestone Medical will be limited during
2016.

Milestone Scientific said it continues to take positive steps to
maintain adequate inventory levels and advances on contracts to
maintain available inventory to meet its domestic and international
sales requirements.  Cash flows from operating activities for the
six months ended June 30, 2016, and 2015 were approximately a
negative $2.8 million and $2.4 million, respectively.

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

                       https://is.gd/VbBuRt

                     About Milestone Scientific

Livingston, N.J.-based Milestone Scientific Inc. is engaged in
pioneering proprietary, innovative, computer-controlled injection
technologies and solutions for the medical and dental markets.

Milestone Scientific reported a net loss attributable to the
Company of $5.46 million on $9.49 million of net product sales for
the year ended Dec. 31, 2015, compared to a net loss attributable
to the Company of $1.70 million on $10.33 million of net product
sales for the year ended Dec. 31, 2014.


MILLER ENERGY: Egan-Jones Withdraws CC/C Sr. Unsecured Ratings
--------------------------------------------------------------
Egan-Jones Ratings Company withdrew the CC foreign currency senior
unsecured debt rating and C local currency senior unsecured debt
rating on Miller Energy Resources Inc. on July 27, 2016.

Miller Energy Resources, Inc., an independent exploration and
production company, explores for, develops, and operates oil and
gas wells in south-central Alaska.


MOBILESMITH INC: Appoints Randy Tomlin as Director
--------------------------------------------------
The Board of Directors of MobileSmith, Inc., appointed Randy J.
Tomlin as director effective Aug. 4, 2016.  Mr. Tomlin has not been
appointed to any committee of the Board.

Until his retirement in February 2016, Mr. Tomlin, age 57, served
as a senior vice president-U-Verse Field Operations for AT&T, a
position he has held since March 2008.  At U-Verse Field Operations
for AT&T Mr. Tomlin was responsible for all field operations for
AT&T U-verse, including service, installation at customer homes,
repair and maintenance.  From 2006 to 2008 Mr. Tomlin was a
President of AT&T Network - California and Nevada, where he was in
charge of teams that engineered, built and maintained the networks
that carried all network traffic in two states.  Mr. Tomlin began
his career with Southwestern Bell in 1982, and has held various
managerial positions in Customer Service, Network and External
Affairs throughout his 34-year career at AT&T.  During his career
with AT&T he also served as Senior Vice President of Enterprise
Operations Support, responsible for leading the Network Services
Staff organization as well as the network standardization effort to
move to common centers, best practices and a single suite of
systems.  Mr. Tomlin led many of SBC's acquisitions integration
activities, including AT&T, BellSouth, and Cingular.

Mr. Tomlin received his bachelor's degree in Finance from Texas A&M
University in College Station, Texas.

In consideration for advisory services including providing
strategic advice the Company, promote the Company in the business
and investment community and marketing certain of the Company's
products and services, the Company will pay to Mr. Tomlin a cash
fee of $3,333 per month.  In addition, the Company has granted Mr.
Tomlin options under the Company's 2016 Equity Incentive Plan, to
purchase 468,860 shares of the Company's common stock par value
$0.001 per share, which options are scheduled to vest over a
three-year period in equal quarterly installments, at exercise
price of $1.50 per share, subject to accelerated vesting upon the
occurrence of certain specified events.  The Appointment Letter
further provides that if Mr. Tomlin introduces the Company to a
potential acquirer, Mr. Tomlin will be entitled to a compensation
equal to 1% of the net proceeds paid by the acquirer.

Additionally, for his participation in marketing of Company
products and services Mr. Tomlin shall receive a referral and
co-sell commission equal to the 4% of the net sale proceeds.  The
Appointment Letter is terminable by either party upon 30-days prior
written notice to the other.

                   About MobileSmith, Inc.

Raleigh, North Carolina-based MobileSmith, Inc. was incorporated as
Smart Online, Inc. in 1993 and changed its name to MobileSmith,
Inc. effective July 1, 2013.  The company develops and markets
software products and services tailored to users of mobile devices.
Its flagship product, MobileSmith(R) Platform is an app
development platform that enables organizations to rapidly create,
deploy and manage custom, native smartphone and tablet apps
deliverable across iOS and Android mobile platforms.

MobileSmith reported a net loss of $7.71 million on $1.82 million
of total revenue for the year ended Dec. 31, 2015, compared to a
net loss of $7.33 million on $879,086 of total revenue for the year
ended Dec. 31, 2014.

As of June 30, 2016, MobileSmith had $1.65 million in total assets,
$44.60 million in total liabilities and a total stockholders'
deficit of $42.94 million.

Cherry Bekaert LLP, in Raleigh, North Carolina, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the Company has suffered
recurring losses from operations and has a working capital
deficiency as of Dec. 31, 2015.  These conditions, the auditors
noted, raise substantial doubt about the Company's ability to
continue as a going concern.


MOTORS LIQUIDATION: Had $611M Net Assets in Liquidation at June 30
------------------------------------------------------------------
Motors Liquidation Company GUC Trust filed with the Securities and
Exchange Commission its quarterly report disclosing total assets of
$661 million, total liabilities of $50.0 million and net assets in
liquidation of $611 million as of June 30, 2016.

The GUC Trust's sources of liquidity are principally the funds it
holds for the payment of liquidation and administrative costs, and
to a significantly lesser degree, the earnings on such funds
invested by it.  In addition, as a result of the liquidation of all
the GUC Trust's holdings of New GM Securities during the quarter
ended Sept. 30, 2015, the GUC Trust holds Distributable Cash for
distribution to GUC Trust beneficiaries.  The GUC Trust holds such
funds primarily in certain marketable securities, primarily U.S.
Treasury bills, as permitted by the Plan and the GUC Trust
Agreement.

During the three months ended June 30, 2016, the GUC Trust's
holdings of cash and cash equivalents increased approximately $1.3
million from approximately $4.4 million to approximately $5.7
million.  The increase was primarily due to cash from the sale of
marketable securities in excess of reinvestments of $6.8 million
and interest income received on such marketable securities of $0.5
million, largely offset by cash paid for liquidation and
administrative costs of $3.3 million, cash paid for Residual
Wind-Down Claims of $2.6 million, and cash distributions of $0.1
million.

During the three months ended June 30, 2016, the funds invested by
the GUC Trust in marketable securities decreased approximately $6.8
million, from approximately $661.1 million to approximately $654.3
million.  The decrease was due primarily to a decrease in the funds
reinvested in marketable securities during the period. The GUC
Trust earned approximately $0.2 million in interest income on such
investments during the period.

As of June 30, 2016, the GUC Trust held approximately $660.0
million in cash and cash equivalents and marketable securities. Of
such amount, approximately $620.8 million relates to Distributable
Cash (including Dividend Cash), a portion of which the GUC Trust
Administrator is permitted to set aside from distribution and to
appropriate with the approval of the Bankruptcy Court or Trust
Monitor, as applicable, in order to fund additional costs and
income tax liabilities (including Dividend Taxes, Investment Income
Taxes and Taxes on Distribution) as they become due. Included in
Distributable Cash at June 30, 2016, is approximately $17.2 million
of Dividend Cash.  Dividend Cash will be distributed to holders of
subsequently Resolved Allowed Claims and GUC Trust Units in respect
of Distributable Cash that they receive, unless such dividends are
in respect of Distributable Cash that is appropriated by the GUC
Trust in accordance with the GUC Trust Agreement to fund the GUC
Trust's liquidation and administrative costs, income tax
liabilities or shortfalls in Residual Wind-Down Assets.

As of June 30, 2016, Distributable Cash (including Dividend Cash)
held by the GUC Trust was set aside as follows: (a) $7.0 million
for liquidating distributions payable as of that date, (b) $46.1
million to fund projected liquidation and administrative costs,
including Dividend Taxes and Investment Income Taxes, and (c)
$107.6 million to fund potential Taxes on Distribution.

In addition to Distributable Cash (including Dividend Cash), the
GUC Trust held $39.3 million in cash and cash equivalents and
marketable securities at June 30, 2016, representing funds held for
payment of costs of liquidation and administration.  Of that
amount, approximately $28.0 million (comprising approximately $19.5
million of the remaining Residual Wind-Down Assets, approximately
$8.2 million of the remaining Administrative Fund and approximately
$0.3 million in remaining funds designated for the Indenture
Trustee / Fiscal and Paying Agent Costs) is required by the GUC
Trust Agreement to be returned, upon the winding-up of the GUC
Trust, to the DIP Lenders to the extent such funds are not utilized
to satisfy designated Wind-Down Costs, Residual Wind-Down
Claims, Residual Wind-Down Costs, Avoidance Action Defense Costs
and Indenture Trustee/Fiscal Paying Agent Costs.  Cash and cash
equivalents and marketable securities of $8.2 million remaining in
the Administrative Fund have been designated for the satisfaction
of certain specifically identified costs and liabilities of the GUC
Trust (a substantial majority of which will likely not be incurred
and, therefore, will likely be returned to the DIP Lenders), and
such amounts may not be used for the payment of GUC Trust
professionals' fees and expenses or other Wind-Down Costs. Such
amounts will not at any time be available for distribution to the
holders of the GUC Trust Units.  The balance of cash and cash
equivalents and marketable securities of approximately $11.3
million is available for the payment of certain reporting and
administrative costs of the GUC Trust, and would be available in
the future for distribution to the holders of the GUC Trust Units,
if not otherwise used to satisfy those GUC Trust obligations.

The Company gives no assurance that additional amounts of
Distributable Cash will not be required to be set aside from
distribution and appropriated to fund additional costs and income
tax liabilities, beyond what the GUC Trust Administrator has
already set aside.  Any appropriation of Distributable Cash that
occurs to fund such obligations will result in a lesser amount of
Distributable Cash available for distribution to holders of GUC
Trust Units.  In addition, a portion of the GUC Trust's assets are
currently segregated pursuant to the GUC Trust Agreement for the
satisfaction of Residual Wind-Down Claims and certain other
specified costs.  If those assets are insufficient to satisfy the
Residual Wind-Down Claims or fund such other specified costs for
any reason, the GUC Trust Administrator will similarly be required
to set aside from distribution and appropriate additional amounts
of Distributable Cash in order to fund such shortfall.

The Company's quarterly report on Form 10-Q is available from the
SEC website at https://is.gd/T2yDY3

                      About Motors Liquidation

General Motors Corporation and three of its affiliates filed for
Chapter 11 protection (Bankr. S.D.N.Y. Lead Case No. 09-50026) on
June 1, 2009.  The Honorable Robert E. Gerber presides over the
Chapter 11 cases.  Harvey R. Miller, Esq., Stephen Karotkin,
Esq., and Joseph H. Smolinsky, Esq., at Weil, Gotshal & Manges
LLP, assist the Debtors in their restructuring efforts.  Al Koch
at AP Services, LLC, an affiliate of AlixPartners, LLP, serves as
the Chief Executive Officer for Motors Liquidation Company.  GM
is also represented by Jenner & Block LLP and Honigman Miller
Schwartz and Cohn LLP as counsel.  Cravath, Swaine, & Moore LLP
is providing legal advice to the GM Board of Directors.  GM's
financial advisors are Morgan Stanley, Evercore Partners and the
Blackstone Group LLP.  Garden City Group is the claims and notice
agent of the Debtors.

The U.S. Trustee appointed an Official Committee of Unsecured
Creditors and a separate Official Committee of Unsecured
Creditors Holding Asbestos-Related Claims.  Lawyers at Kramer
Levin Naftalis & Frankel LLP served as bankruptcy counsel to the
Creditors Committee.  Attorneys at Butzel Long served as counsel
on supplier contract matters.  FTI Consulting Inc. served as
financial advisors to the Creditors Committee.  Elihu Inselbuch,
Esq., at Caplin & Drysdale, Chartered, represented the Asbestos
Committee.  Legal Analysis Systems, Inc., served as asbestos
valuation analyst.

The Bankruptcy Court entered an order confirming the Debtors'
Second Amended Joint Chapter 11 Plan on March 29, 2011.  The Plan
was declared effect on March 31.

On Dec. 15, 2011, Motors Liquidation Company was dissolved.  On
the Dissolution Date, pursuant to the Plan and the Motors
Liquidation Company GUC Trust Agreement, dated March 30, 2011,
between the parties thereto, the trust administrator and trustee
-- GUC Trust Administrator -- of the Motors Liquidation Company
GUC Trust, assumed responsibility for the affairs of and certain
claims against MLC and its debtor subsidiaries that were not
concluded prior to the Dissolution Date.


MOULTON PROPERTIES: Summit Bank Wants to Prohibit Cash Use
----------------------------------------------------------
Summit Bank, N.A., asks the U.S. Bankruptcy Court for the Northern
District of Florida to prohibit, or in the alternative, modify
Moulton Properties Holdings, LLC's use of cash collateral.

The Debtor owes Summit Bank the amount of $2,317,641.87 as of July
31, 2016, plus attorney's fees and costs. The indebtedness is
secured by a first mortgage lien on the Debtor's Summit Property,
which consists of 1.4377 acres of developed property located at
1300 N. Palafox Street, Pensacola, Florida, consisting of
approximately 20,014 square feet of commercial office space.

The Debtor's Amended Chapter 11 Case Management Summary and
Schedule D, indicate that other creditors owed in relation to the
Summit Property include:

     (a) Saltmarsh, Cleveland & Gund in the amount of $491,000
secured by a second mortgage ($186,776.32 of which is listed as
unsecured) in the Summit Property,

     (b) Pineda REO, LLC in the amount of $330,306 in the form of a
judgement lien (which is listed as unsecured), and

     (c) Gulf Coast Community Bank in the amount of $900,000 in the
form of a judgment lien (which is listed as unsecured).

Summit Bank contends that the Summit Property is currently being
leased to commercial tenants by the Debtor, who receives
approximately $24,164 per month in rental income and approximately
$4,180 in expense reimbursements.

Summit Bank relates that the Court had previously authorized the
Debtor to use cash collateral for 180 days from the Petition Date,
and that the 180 days has lapsed.  Summit Bank further relates that
the Court granted it adequate protection in the form of:

     (1) a post-petition security interest in and lien against the
Summit Property's revenues;

     (2) monthly payments in the amount of $9,111;

     (3) a replacement lien on all cash collateral generated from
the Summit Property from and after the Petition Date;

     (4) a diminution lien for an amount equal to the aggregate
diminution in the value of Summit Bank's interests in the Summit
Property from and after the Petition date; and

     (5) the employment of a Property Manager, Donald Neal of Neal
& Company, to administer the cash collateral of the subject
property, among other things.

Summit Bank tells the Court that the amount owed to it, plus
attorney's fees and costs, is very close to the value of the Summit
Property.  It further tells the Court that there is little equity
in the property and the equity is declining.  

Summit Bank contends that at the rate of decline in value, the
monthly adequate protection payment of $9,111 being received from
the Debtor is woefully insufficient to cover the diminution in
value to the Summit Property and insufficient to adequately protect
Summit Bank.  It further contends that just interest alone at the
contract rate of 6.9% accruing on the Summit Bank debt is
approximately $13,952.46 per month, and that interest at the
Judgment rate of 4.75% is $9,300.00 per 31-day month.  Summit Bank
says that the adequate protection payment is insufficient on a
31-day month to pay even the interest accruing at the Judgment
rate, much less the contract rate.

Summit Bank tells the Court that in light of the continued
increasing available funds and the continued deterioration in the
Summit Property, the Debtor is paying very little debt service to
its secured creditors.  It further tells the Court that paying a
portion of the rents collected does not provide Summit Bank with
adequate protection against the loss in value stemming from the
Debtor's use of those rents, coupled with the decline in value of
the Summit Property.

Summit Bank asserts that it no longer consents to the Debtor's use
of cash collateral and objects to the same.

A full-text copy of Summit Bank, N.A.'s Motion, dated August 5,
2016, is available at https://is.gd/t8MJaN

             About Moulton Properties Holdings

Moulton Properties Holdings, LLC filed a chapter 11 petition
(Bankr. N.D. Fla. Case No. 15-31131) on November 16, 2015.  The
petition was signed by Mary E. Moulton, manager.  The Debtor is
represented by Steven L. Beiley, Esq., at Aaronson Schantz Beiley
P.A.  The Debtor estimated assets and liabilities at $1 million to
$10 million at the time of the filing.


MOUNTAIN PROVINCE: Incurs C$352,000 Net Loss in Second Quarter
--------------------------------------------------------------
Mountain Province Diamonds Inc. reported a net loss of C$351,915
for the three months ended June 30, 2016, compared to a net loss of
C$5.76 million for the three months ended June 30, 2015.  For the
six months ended June 30, 2016, the Company reported net income of
C$18.5 million compared to a net loss of C$6.33 million for the
same period last year.

As of June 30, 2016, Mountain Province had C$733 million in total
assets, C$405 million in total liabilities and C$328 million in
total shareholders' equity.

Construction of the Gahcho Kue Diamond Mine was completed during
the quarter.  First ore was introduced to the diamond plant on June
20, 2016.  First commissioning diamonds were recovered on June 30,
2016; ramp up to commercial production is underway; and the mine is
on track to achieve commercial production in January 2017.

During the quarter ended June 30, 2016, the Company entered into
agreements with third parties for the valuation, sorting and
marketing of its share of the diamond production from the Gahcho
Kue Diamond Mine.  The Company expects to have its first sale of
pre-commercial production diamonds during Q4 2016 and approximately
every five weeks thereafter.

At June 30, 2016, incurred costs of C$995 million and commitments
of C$35.3 million on 100 percent basis had been incurred.

At June 30, 2016, the Company had cash and restricted cash totaling
C$124.4 million.

At Aug. 11, 2016, US$290 million of the US$370 million Loan
Facility had been drawn.  

At Aug. 11, 2016, the Gahcho Kue Diamond Mine has 451 full-
time employees.

During the quarter the Company drew US$47 million from the Loan
Facility.  During July and August, the Company has drawn US$12
million leaving a balance of US$80 million until financial
completion which is expected on Sept. 30, 2017.  The Company ended
the quarter with cash and restricted cash totalling $124.4 million,
compared with $131.5 million at the end of the previous quarter.

Mountain Province Diamonds is a 49% participant with De Beers
Canada in the Gahcho Kue diamond mine located in Canada's Northwest
Territories.  Gahcho Kue is the world's largest new diamond mine
and projected to produce an average of 4.5 million carats a year
over a 12 year mine life.

The Gahcho Kue Project consists of a cluster of four diamondiferous
kimberlites, three of which have a probable mineral reserve of 35.4
million tonnes grading 1.57 carats per tonne for total diamond
content of 55.5 million carats.

A 2014 NI 43-101 feasibility study report filed by Mountain
Province (available on SEDAR) indicates that the Gahcho Kué
project has an IRR of 32.6%.

A full-text copy of the Company's Condensed Consolidated Interim
Financial Statements is available for free at https://is.gd/DrAAyr

                  About Mountain Province Diamonds

Headquartered in Toronto, Canada, Mountain Province Diamonds Inc.
(TSX: MPV, NYSE AMEX: MDM) -- http://www.mountainprovince.com/--
is a Canadian resource company in the process of permitting and
developing a diamond deposit known as the "Gahcho Kue Project"
located in the Northwest Territories of Canada.  The Company's
primary asset is its 49 percent interest in the Gahcho Kue
Project.

Mountain Province reported a net loss of C$43.16 million for the
year ended Dec. 31, 2015, compared to a net loss of C$4.39 million
for the year ended Dec. 31, 2014.


MPM HOLDINGS: Theodore H. Butz Joins Momentive's Board
------------------------------------------------------
MPM Holdings Inc. said Theodore (Ted) Butz has been elected to
Momentive's Board of Directors, effective immediately.  Mr. Butz
will also be a member of the Environment, Health & Safety
Committee.  Mr. Butz replaces Jason G. New who resigned from
Momentive's Board of Directors on August 4, 2016.

Mr. Butz brings over 30 years of experience in building specialty
chemicals businesses. From 2011 through 2016, Mr. Butz was
President and Chief Executive Officer of Pinova Holdings, Inc., a
supplier of essential natural and renewable materials for
fragrance, food and specialty industrial applications.

Prior to Pinova, Mr. Butz was Group President for the Specialty
Chemicals business at FMC Corporation. During his tenure at FMC,
Mr. Butz held a variety of domestic and international leadership
positions serving diverse markets and had responsibility for
corporate-wide strategy and development activities, as well as
corporate health and safety functions. Mr. Butz holds an M.B.A.
from the University of San Francisco and a B.S. in Finance from
Arizona State University.

"We believe Ted's extensive breadth of knowledge, experience, and
proven track record will be valuable as Momentive continues its
strategic growth initiatives," said Bradley Bell, Chairman of the
Board.  "We appreciate his willingness to serve as a director and
look forward to benefiting from his judgment and counsel."

                         About Momentive

Based in Waterford, New York, Momentive Performance Materials Inc.
-- http://www.momentive.com/-- is a global leader in silicones and
advanced materials, with a 75-year heritage of being first to
market with performance applications for major industries that
support and improve everyday life. Momentive delivers science-based
solutions, by linking custom technology platforms to opportunities
for customers.

MPM Holdings is a holding company that conducts substantially all
of its business through its subsidiaries. Momentive's wholly owned
subsidiary, MPM Intermediate Holdings Inc., is a holding company
for its wholly owned subsidiary, Momentive Performance Materials
Inc. and its subsidiaries.

Momentive Performance Materials Inc. and its debtor-affiliates
notified the U.S. Bankruptcy Court for the Southern District of
New
York that their joint Chapter 11 plan of reorganization became
effective as of Oct. 24, 2014, at 4:00 p.m. (prevailing Eastern
Time).  The Court confirmed their joint plan on Sept. 11, 2014.

Moody's Investors Service, in late January 2016, downgraded
Momentive Performance Materials Inc.'s (Momentive's) corporate
family rating (CFR) to Caa1 from B3, and their probability of
default rating (PDR) to Caa1-PD from B3-PD.

"The change in Momentive's rating to Caa1 from B3 comes following
the company's poor third-quarter 2015 performance, and our
expectation that Momentive's sales and margins will come under
increasing pressure due to weakening end-markets for silicones,
especially in Asia," says Anthony Hill, a Moody's Vice President
- Senior Credit Officer and lead analyst for Momentive.


MRC GLOBAL: Moody's Lowers Corporate Family Rating to B2
--------------------------------------------------------
Moody's Investors Service downgraded MRC Global (US) Inc.'s (MRC)
corporate family rating (CFR) to B2 from B1, its probability of
default rating to B2-PD from B1-PD and its senior secured term loan
rating to B3 from B2. At the same time, Moody's affirmed its
Speculative Grade Liquidity Rating of SGL-2. The ratings downgrades
reflect the significant deterioration in the company's operating
results and credit metrics and the expectation this will continue
over the next 12 to 18 months due to the substantial reduction in
capital spending in the oil and gas sector. The negative ratings
outlook reflects our expectation that MRC's metrics will remain
weak for its rating in the near term.

The following rating action was taken:

   Downgrades:

   -- Corporate Family Rating, downgraded to B2 from B1;

   -- Probability of Default Rating, downgraded to B2-PD from B1-
      PD;

   -- Senior Secured Term Loan B, downgraded to B3 (LGD4) from B2
      (LGD5);

   Outlook Actions:

   -- Outlook, Negative

   Affirmed:

   -- Speculative Grade Liquidity Rating, affirmed at SGL-2

RATINGS RATIONALE

MRC's B2 corporate family rating reflects its inconsistent free
cash flow generation, historically volatile operating results,
acquisitive history, exposure to highly competitive and cyclical
end markets, and modest profit margins. The rating is supported by
the company's solid scale and global position in certain sectors of
the energy industry, its recent focus on debt reduction, modest
capital spending requirements and the countercyclical nature of its
working capital investment, which typically results in positive
free cash flow when demand falls.

MRC's operating results weakened substantially during the first
half of 2016 driven by significantly lower oil and gas sector
capital spending and increased competitive pricing pressure. Its
revenues declined by 39% due to declines in all sectors and product
lines, and its adjusted EBITDA declined by 68% to $57 million
versus $179 million during the same period in 2015. MRC has
aggressively reduced its costs in the face of weaker demand by
closing 63 branch locations and reducing headcount by 1,300
employees over the past 2 years, but that hasn't been enough to
offset the material decline in spending by its customers.

The recent weakness in operating results has resulted in only a
moderate deterioration in the company's credit metrics since it has
utilized the proceeds of a preferred stock sale and free cash flow
to pay down debt. MRC issued $363 million of 6.50% series A
convertible perpetual preferred stock in June 2015 and used the
proceeds along with free cash generated from reduced working
capital investments (about $720 million) to pay down term loan and
ABL facility borrowings by about $938 million over the past 18
months. As a result, the company's leverage ratio actually declined
to 3.5x (Debt/EBITDA) in June 2016 from 3.7x in December 2014.
However, its interest coverage ratio (EBITA/Interest Expense) has
deteriorated to 2.7x from 5.0x since the company has mostly paid
down low interest ABL borrowings. Moody's calculation of interest
coverage excludes annual preferred stock dividends of $24 million.
The interest coverage ratio would be about 1.8x including the
preferred dividends.

Moody's expects MRC's operating performance to remain very weak in
the second half of 2016 and for its credit metrics to deteriorate
substantially. We expect the company to produce adjusted EBITDA in
the range of $95 - $105 million in 2016 versus $324 million in
2015. That will result in much weaker credit metrics even if MRC
pays down additional borrowings in the second half of the year as
working capital investments are reduced further in the face of weak
demand. “However, we do not expect further substantial debt
reduction since working capital reductions will be limited and the
company expressed a preference to build cash for future
acquisitions rather than pay off more of its term loan. Therefore,
we anticipate MRC's adjusted leverage ratio will rise to about 6.5x
and its interest coverage ratio will decline to approximately 1.0x
at the end of 2016. These metrics are weak for the current rating
but could improve in 2017 if oil and natural gas prices continue to
rise from the multi-year lows reached in early 2016.” Moody’s
said.

MRC's SGL-2 rating reflects its good liquidity profile. The company
had total liquidity of about $645 million as of June 30, 2016
including $167 million of cash and ABL availability of
approximately $478 million. The company generated about $122
million of free cash flow during the first half of 2016 after
generating about $640 million in 2015 driven by reduced investments
in working capital in the face of softening end market demand.
“We expect the company to generate additional free cash flow in
the second half of this year as working capital investments are
reduced further, which will enhance its strong liquidity
position.” Moody’s said.

The negative outlook reflects the likelihood that MRC's credit
metrics will remain weak for its rating in the near term and the
possibility they could deteriorate further if oil prices do not
recover from current levels and oil and gas sector capital spending
remains weak. MRC's outlook could return to stable if the company's
liquidity remains good and its operating results improve resulting
in stronger credit metrics. This would include the leverage ratio
remaining below 6.0x and the interest coverage ratio above 1.5x.

Given the expectation for weak operating results and credit
metrics, upside rating movement in the medium term is unlikely.
However, should MRC maintain EBITA/Interest above 2.0x and
Debt/EBITDA below 5.0x, then a change in rating could be
considered.

A downgrade could be considered if MRC's operating results and
credit metrics remain weak. Downside triggers would include the
interest coverage ratio remaining below 1.5x or the leverage ratio
continuing to exceed 6.0x.

The principal methodology used in these ratings was Distribution &
Supply Chain Services Industry published in December 2015.

MRC Global (US) Inc. is a global distributor of pipes, valves, and
fittings (PVF) and related products and services to the energy
industry across each of the upstream (exploration, production and
extraction of underground oil and gas), midstream (gathering and
transmission of oil and gas, gas utilities, and the storage and
distribution of oil and gas) and downstream (crude oil refining,
petrochemical processing and general industrial) sectors. The
company operates out of approximately 300 branch locations,
third-party pipe yards, valve automation service centers and
distribution centers located in the principal industrial,
hydrocarbon producing and refining areas of the United States,
Canada, Europe, Asia and Australia. The company is headquartered in
Houston, Texas and generated revenues of about $3.6 billion for the
12 month period ended June 30, 2016.


MURPHY OIL: Egan-Jones Cuts Sr. Unsecured Ratings to B+ From BB-
----------------------------------------------------------------
Egan-Jones Ratings Company downgraded the senior unsecured ratings
on debt issued by Murphy Oil Corp to B+ from BB- on Aug. 5, 2016.

Murphy Oil Corporation is an American petroleum and natural gas
exploration company headquartered in El Dorado, Arkansas. The
company also has operating offices in Houston, Texas, Calgary,
Alberta, and Kuala Lumpur, Malaysia.


MURPHY OIL: Fitch Affirms 'BB+' IDR, Outlook Negative
-----------------------------------------------------
Fitch Ratings has affirmed Murphy Oil Corporation's (Murphy; NYSE:
MUR) Long-Term Issuer Default Rating at 'BB+' and unsecured debt
ratings at 'BB+/RR4'.  Fitch also expects to rate the company's new
unsecured guaranteed credit facility 'BBB-/RR1' and proposed $500
million unsecured note due 2024 'BB+/RR4'.  The Rating Outlook is
Negative.

The 'BBB-/RR1' expected rating on the $1.2 billion unsecured
guaranteed credit facility reflects the guarantees provided by
Murphy's material U.S. and Canadian subsidiaries that directly
represents approximately 70% of current consolidated EBITDA and
indirectly represents the remaining 30%.  The credit facility
security also includes a springing collateral provision that is
triggered if the consolidated leverage ratio is greater than 3.25x,
on or after March 31, 2017, and provides the bank syndicate with a
first lien security position, subject to the lien limitation.  The
lien limitation, under the terms of the unsecured indenture, is
defined as 10% of net tangible assets, which Fitch estimates at
approximately $765 million as of June 30, 2016. Additional secured
and pari passu guaranteed debt is prohibited under the terms of the
new credit agreement.

The 'BB+'/RR4 expected rating on the proposed $500 million
unsecured notes reflects its pari passu priority and security with
the existing unsecured nonguaranteed notes.  Proceeds from the
issuance will be used for general corporate purposes.  Management
has indicated that it currently intends to use the proceeds to
partially repay the $550 million unsecured notes due December 2017.
This issuance will also satisfy the new credit agreement's
condition to execute a capital markets raise of at least $400
million ($385 million net).

The Negative Outlook continues to reflect a loss of operational
momentum and narrower financial flexibility, concerns that could
continue to result in reduced size and scale under a
lower-for-longer scenario.  The Outlook also reflects the prospect
that management may return to a growth and exploration orientation
in a rising price environment that could lead to less cash
flow-linked discipline and, potentially, a higher debt structure.
Fitch recognizes, however, that rating implications would be
dependent on Fitch's view of hydrocarbon prices; production levels,
mix, and costs; and liquidity profile.

Approximately $2.3 billion in debt, excluding capitalized leases,
is affected by the rating action.

                       KEY RATING DRIVERS

Murphy's ratings are supported by its exposure to liquids (61% of
production and 57% of proved reserves [1p] on a proforma basis);
historically strong full cycle netbacks; good operational metrics,
including robust reserve replacement and three-year finding,
development, and acquisition (FD&A) costs; operator status on a
majority of its properties which supports further capex
flexibility; and its position in the Eagle Ford, one of the premier
onshore shale plays in the U.S. and an anchor of future ratable
production growth for the company.  These considerations are offset
by the potential for reduced size and scale and narrower financial
flexibility in a lower-for-longer scenario. Another concern is the
company's ability to regain operational momentum, while maintaining
a capital structure that is consistent with the current 'BB+'
rating.

Fitch recognizes that Murphy has taken a range of actions to
preserve its credit quality in response to the oil price downturn
including cutting capex, increasing hedges when possible, shoring
up liquidity through asset sales, cancelling two deep water rig
contracts and, most recently, reducing its dividend by 29% (over
$70 million annually).  These actions were moderated by $250
million in share repurchases in 1H 2015 and the recent C$267
million purchase (approximately US$208 million; assuming $0.78
USD/CAD FX rate) of earlier-stage Duvernay and Montney properties
in Q2 2016, plus C$219 million (approximately US$171 million)
Duvernay carry over four to five years.  Fitch believes that the
company's options for dealing with a lower-for-longer scenario have
narrowed, as additional sales are likely to involve higher quality
E&P assets and shrink the company further.

The company reported an approximately 2% year-over-year increase in
net proved reserves of 774 million barrels of oil equivalent
(mmboe) at year-end 2015 mainly due to Eagle Ford and U.S. Gulf of
Mexico additions offset by Malaysia reductions largely related to
the sale of a 10% interest in January 2015.  Production, however,
decreased approximately 8% year-over-year to nearly 208 thousand
boe per day (mboepd; approximately 61% crude oil) for the
year-ended 2015 primarily due to lower Malaysia production.  This
results in a reserve life of about 10 years.  Proforma net proved
reserves, accounting for the recent sale of its Syncrude interest,
are estimated at 659 mmboe (57% liquids) at year-end 2015.

First and second quarter 2016 production of nearly 197 and 169
mboepd, an approximately 11% and 16% year-over-year decline,
respectively, illustrate the effects of asset sales, lower drilling
and completion activity, and recent operational issues/constraints.
Production is anticipated to continue to exhibit declining trends
throughout the year resulting in an annual average rate of 173-177
mboepd.  Fitch expects the recently completed Syncrude asset sale
(under 12 mboepd in 2015; 100% synthetic crude oil) to negatively
influence production, liquids mix, and Canadian crude realizations
near-term, but recognizes these effects will be somewhat offset by
the Duvernay and Montney acquisition (approximately 2 mboepd in Q2
2016; 51% liquids).

Fitch-calculated unhedged cash netbacks declined year-over-year to
$18.44/boe, or approximately 59%, mainly due to the decline in oil
& gas prices.  This unhedged cash netback profile is favorably
above the average of independent E&P peers largely related to
advantaged Malaysia oil & gas prices and manageable cost profile.
Fitch believes the company's Malaysia production sharing
arrangements (32% of total 2015 production) help mitigate the cash
flow impacts of lower prices, while its onshore North America plays
provide considerable financial and operational flexibility. Fitch
also expects management to step back from offshore exploration
activities medium term.  Fitch recognizes that the Duvernay and
Montney's earlier-stage of development and Eagle Ford's operational
momentum loss will likely require time and capital to achieve
and/or re-establish their growth profiles.

        MEASURED OUTSPEND, WIDER CASH FLOW METRICS FORECAST

Fitch's base case projects that Murphy will be approximately
$100 - $200 million FCF negative in 2016.  Fitch expects
cash-on-hand to be sufficient to cover the forecasted FCF
shortfall.  The Fitch base case results in 2016 debt/EBITDA of
approximately 3.2x. This year-over-year increase mainly reflects
forecasted production declines, Fitch's lower oil & gas price
assumptions, and
$500 million in additional unsecured notes.  Debt/1p and
debt/flowing barrel metrics are projected to increase to $4.60/boe
and $16,825, respectively.  The Fitch base case forecasts that
debt/EBITDA reaches 1.8x in 2018 due to an improvement in Fitch's
oil & gas price assumptions and moderately lower production.

Murphy has entered into swaps for approximately 25 mboepd, or
roughly 47%, of U.S. oil production at $50.67/barrel and
approximately 99 mcf/d, or around 48%, of Western Canadian natural
gas production at C$3.00/mcf for the second half of 2016.  The
company recently entered into swaps for approximately 7 mboepd of
U.S. oil production at $50.10/barrel in 2017 and approximately 59
mcf/d of Western Canadian natural gas production at C$2.81/mcf for
2017 - 2020.  Murphy reported a derivative asset value of
approximately $1.7 million as of June 30, 2016.

                           KEY ASSUMPTIONS

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

   -- WTI oil price that trends up from $42/barrel in 2016 to a
      long-term price of $65/barrel;

   -- Henry Hub gas that trends up from $2.35/mcf in 2016 to a
      long-term price of $3.25/mcf;

   -- Pro forma production of approximately 175 mboepd in 2016
      followed by further declines in 2017 and a measured growth
      profile thereafter;

   -- Liquids mix declines to 63% followed by a modestly lower
      liquids profile thereafter;

   -- Capital spending of $620 million in 2016, consistent with
      management guidance, followed by a relatively balanced
      capital spending profile;

   -- Net asset sale proceeds of approximately C$1.2 billion from
      completed transactions in 2016 and no additional sales over
      the forecast period;

   -- Dividend reduction of 29% commencing with the Sept. 1, 2016
      quarterly payment.

                        RATING SENSITIVITIES

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

For an upgrade to 'BBB-':

   -- Enhanced long-term liquidity profile, and;
   -- Increased size and scale, as well as operational momentum
      improvement and capital allocation focus;
   -- Mid-cycle debt/EBITDA under 2.0x on a sustained basis;
   -- Debt/flowing barrel under $17,500 - $20,000 and/or debt/PD
      around $7.00 - $7.50/boe on a sustained basis.

To resolve the Negative Outlook at 'BB+':

   -- Demonstrated ability to manage liquidity profile that
      alleviates longer-term concerns;

   -- Establishment of a credit-conscious plan to address
      production declines and loss of operational momentum.

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

For a downgrade to 'BB':

   -- Material deterioration in longer-term liquidity profile;

   -- Additional material loss of size, scale, and operational
      momentum that requires considerable capital and time to
      remedy;

   -- Debt/EBITDA above 2.5x - 2.8x on a sustained basis;

   -- Debt/flowing barrel over $22,500 - $25,000, debt/1p below
      $6.00-$6.50/boe, and/or debt/PD around $8.00 - $8.50/boe on
      a sustained basis.

             LIQUIDITY, COVENANTS, AND MATURITY PROFILE

Cash and equivalents were approximately $268 million as of
June 30, 2016, with the majority held in Malaysia and Canada.  The
company also had over $131 million in Canadian government
securities with maturities greater than 90 days.  Additional
liquidity will be provided by the company's new $1.2 billion senior
unsecured guaranteed credit facility.  Borrowings on the existing
credit facility were fully repaid during the second quarter 2016
with asset sale proceeds.

The main covenant on the existing revolver is a 60%
debt-to-capitalization ratio (approximately 36% at Dec. 31, 2015).
This covenant will be replaced in the new credit facility agreement
with a consolidated leverage ratio not to exceed 3.75x (excluding
the planned $500 million unsecured debt offering until December
2017), interest coverage ratio greater than 2.5x, and a minimum
domestic liquidity provision of at least $500 million.  Other
covenant restrictions include limitation on liens, limits on asset
sales and disposals, and limitations on mergers.

Murphy's maturity profile is manageable with the $550 million notes
due December 2017.  There are no additional maturities until June
2022.

                       OTHER LIABILITIES

Murphy's defined pension benefit plan was underfunded by
approximately $273 million as of Dec. 31, 2015.  Fitch believes
that the expected size of service costs and contributions is
manageable relative to mid-cycle fund flows from operations.  Fitch
also recognizes that changes made to the U.S. plan in conjunction
with the 2013 spin-off of Murphy's retail marketing operation and
the U.K. benefits freeze upon disposal of the U.K. downstream
assets should help moderate future benefit obligations.

Asset retirement obligations (AROs) were approximately $746 million
as of June 30, 2016.  Other contingent obligations, as of Dec. 31,
2015, include operating leases (over $83 million in expected 2016
payments; majority linked to Malaysian offshore facilities),
drilling rigs and associated equipment (nearly $61 million in
expected payments through 2017 expiration; a portion will be paid
working interest partners), and U.S. and Canadian transportation
and operating service agreements (over $30 million in minimum
monthly payments in 2016).  The company was required to pay over
$32 million in 2015 under the terms of its minimum volume
transportation and operating service agreements.

FULL LIST OF RATING ACTIONS

Murphy Oil Corporation

   -- Long-Term IDR affirmed at 'BB+';
   -- Senior Unsecured Notes affirmed at 'BB+/RR4';
   -- Senior Unsecured Revolver affirmed at 'BB+/RR4'.
   -- Senior Unsecured Guaranteed Revolver assigned expected
      rating of 'BBB-/RR1';
   -- Senior Unsecured Notes due 2024 assigned expected rating of
      'BB+'/RR4.

The Rating Outlook is Negative.


NAKED BRAND: Amendments to Articles of Incorporation Takes Effect
-----------------------------------------------------------------
Naked Brand Group Inc. held its 2016 annual meeting of stockholders
on Aug. 3, 2016.  At the Annual Meeting, the Company's stockholders
approved amendments to the Company's Articles of Incorporation to
(i) increase the number of authorized shares of common stock from
11,250,000 shares to 18,000,000; and (ii) to provide authority to
issue up to 2,000,000 shares of blank check preferred stock.  The
Amendments became effective Aug. 11, 2016, upon the Company's
filing of a Certificate of Amendment to the Company's Articles of
Incorporation with the Nevada Secretary of State.  

Meanwhile, on Aug. 12, 2016, the Company posted an updated
corporate presentation on its Web site at
http://www.nakedbrands.com/ A copy of the presentation is
available for free at https://is.gd/uqJGTt

                        About Naked Brand

Naked Brand Group Inc. designs, manufactures, and sells men's
innerwear and lounge apparel products in the United States and
Canada.  It offers various innerwear products, including trunks,
briefs, boxer briefs, undershirts, T-shirts, and lounge pants
under the Naked brand, as well as under the NKD sub-brand for men.
The company sells its products to consumers and retailers through
wholesale relationships and direct-to-consumer channel, which
consists of an online e-commerce store, thenakedshop.com.  Naked
Brand Group Inc. is based in New York, New York.

Naked Brand reported a net loss of US$19.06 million on US$1.38
million of net sales for the year ended Jan. 31, 2016, compared to
a net loss of US$21.07 million on US$557,000 of net sales for the
year ended Jan. 31, 2015.

As of April 30, 2016, Naked Brand had $5.04 million in total
assets, $1.85 million in total liabilities, and $3.19 million in
total stockholders' equity.

BDO USA, LLP, in New York, NY, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Jan. 31, 2016, noting that the Company incurred a net loss of
$19,063,399 for the year ended January 31, 2016 and the Company
expects to incur further losses in the development of its business.
This condition raises substantial doubt about the Company's
ability to continue as a going concern.


NATALIE PACILEO: Pa. Revenue Dep't. Opposes Approval of Exit Plan
-----------------------------------------------------------------
The Pennsylvania Department of Revenue asked a U.S. bankruptcy
court to deny the Chapter 11 plan of reorganization of Natalie
Pacileo.

In a filing with the U.S. Bankruptcy Court for the Western District
of Pennsylvania, the agency said the proposed plan does not comply
with the Bankruptcy Code because it does not provide for payment of
its priority claim in full.

The agency also said that the restructuring plan cannot be
confirmed due to the Debtor's failure to file personal income tax
returns, which is contrary to state law and rules of the bankruptcy
court.

The Pennsylvania Revenue Department asserts a $15,000 claim against
the Debtor for unpaid taxes.  Of this amount, $11,797 is asserted
as a priority claim and $3,202 as a general unsecured claim,
according to court filings.

                      About Natalie Pacileo

Natalie A. Pacileo dba Erie County Farms filed for Chapter 11
bankruptcy protection (Bankr. W.D. Pa. Case No. 15-11315) in 2015.


NATIONAL CINEMEDIA: Names Katie Scherping CFO
---------------------------------------------
National CineMedia, Inc., the managing member and owner of 43.6% of
National CineMedia, LLC (NCM LLC), America's Movie Network,
announced that Katie Scherping joined the Company as chief
financial officer, effective Aug. 11, 2016.  Scherping also serves
as CFO of NCM LLC.

With more than 30 years of finance, accounting and managerial
experience, Scherping comes to NCM from Quiznos, where she had
served as interim president and CEO since June of 2016. Previously,
she had been a part of the Quiznos management team in the role of
chief financial officer since December of 2013.

Prior to joining Quiznos, Scherping served as Red Robin Gourmet
Burgers' chief financial officer from June 2005 to July 2011.
During her tenure at Red Robin, the company grew from 274
restaurants to over 450, with revenue growth from $486.0 million in
2005 to $864.3 million in 2010.  Scherping began her career in
Denver as an auditor with Arthur Andersen.  She has also held
various accounting positions with companies in the oil and gas
industry, security alarm monitoring, telecommunications,
technology, and restaurant industries.

Scherping is also the recipient of several awards including the
Jean Yancey Award for Outstanding Women in Business, the CFO of the
Year Award, and an Outstanding Accountancy Alumni award from
Northern Illinois University.  She holds a Bachelor of Science
degree in accounting and is a CPA and CGMA.

"Katie has terrific leadership skills and valuable experience as
both a private and public company CFO," said Andy England, CEO and
director of NCM.  "She brings a great perspective to NCM's senior
leadership team, and I look forward to working together with her to
implement our new company strategy and vision to be the connector
between brands and movie audiences."  

With Scherping joining the company as chief financial officer,
NCM's co-interim CFO's, David J. Oddo and Jeffrey T. Cabot, will
transition into other roles on the finance team.  David J. Oddo,
formerly co-interim CFO and principal financial officer, has been
named treasurer and senior vice president of finance. Jeffrey T.
Cabot, formerly co-interim CFO and principal accounting officer,
has been named senior vice president and controller.  Both had been
serving as co-interim CFOs since March of 2013.

"I'd also like to thank David and Jeff for their tremendous service
to NCM as co-Interim CFOs," England added.  "They have successfully
guided the company through many challenges and
successes over the past three years, and together with Katie, will
continue to help NCM advance as a leader in the advertising
marketplace."

"It's clear that I'm joining a great company and a great team, and
I am very eager to be able to put my experience to work in this
exciting industry," said Katie Scherping.  "I look forward to my
new role and to working with NCM's shareholders, analyst community
and partners."

The Company entered into an employment agreement with Ms. Scherping
dated Aug. 11, 2016, establishing her compensation as CFO.  Ms.
Scherping's annual salary will be $400,000.

Co-Interim CFOs, David J. Oddo and Jeffrey T. Cabot will transition
into other roles on the Company's finance team also effective on
Aug. 11, 2016.

                   About National CineMedia

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

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

As of June 30, 2016, National Cinemedia had $1.04 billion in total
assets, $1.21 billion in total liabilities, and a $166 million
total deficit.

                       *     *     *

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


NEIMAN MARCUS: Bank Debt Trades at 9% Off
-----------------------------------------
Participations in a syndicated loan under Neiman Marcus Group Inc
is a borrower traded in the secondary market at 91.44
cents-on-the-dollar during the week ended Friday, August 5, 2016,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents a decrease of 2.49 percentage points from the
previous week.  Neiman Marcus pays 300 basis points above LIBOR to
borrow under the $2.9 billion facility. The bank loan matures on
Oct. 16, 2020 and carries Moody's B2 rating and Standard & Poor's
B- rating.  The loan is one of the biggest gainers and losers among
247 widely quoted syndicated loans with five or more bids in
secondary trading for the week ended August 5.


NETSUITE INC: Egan-Jones Hikes Sr. Unsecured Ratings to B+
----------------------------------------------------------
Egan-Jones Ratings Company raised the senior unsecured ratings on
debt issued by NetSuite Inc. to B+ from B on July 28, 2016.

NetSuite Inc. is an American software company based in San Mateo,
California, that sells an eponymous group of software services used
to manage a business's operations and customer relations.


NEUSTAR INC: Egan-Jones Cuts Sr. Unsecured Debt Ratings to BB
-------------------------------------------------------------
Egan-Jones Ratings Company downgraded the senior unsecured ratings
on debt issued by Neustar Inc. to BB from BB+ on Aug. 12, 2016.

Neustar, Inc. is an American technology company that provides
real-time information and analytics for the Internet,
telecommunications, entertainment, and marketing industries, and a
provider of clearinghouse and directory services to the global
communications and Internet industries.



NEW BEGINNINGS: Sept. 22 Hearing on Disclosure Statement Approval
-----------------------------------------------------------------
Judge Robert A. Mark of the U.S. Bankruptcy Court for the Southern
District of Florida will convene a hearing on Sept. 22, 2016, at
1:30 p.m., to consider approval of the disclosure statement
explaining New Beginnings of South Florida, Inc.'s Plan.

Sept. 15 is the deadline for objections to the Disclosure
Statement.

New Beginnings of South Florida, Inc., sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. S.D. Fla. Case No.
16-11907) on Feb. 10, 2016.  The petition was signed by Elvira
Smith, president.

The Debtor is represented by Luis Salazar, Esq., at Salazar
Jackson, LLP.  The case is assigned to Judge Robert A. Mark.

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

The Office of the U.S. Trustee disclosed in a court filing that no
official committee of unsecured creditors has been appointed in the
Chapter 11 case of New Beginnings of South Florida, Inc.


NEW BEGINNINGS: Unsecureds to Recoup 100% Under Plan
----------------------------------------------------
New Beginnings of South Florida, Inc., filed with the U.S.
Bankruptcy Court for the Southern District of Florida a disclosure
statement in support of New Beginnings of South Florida, Inc.'s
Chapter 11 plan of reorganization.

Under the Plan, holders of Class 5 Claims, which consist of all
allowed general unsecured claims estimated to total $1,956.74, are
impaired and will be paid 100% of their allowed claims in a single
payment due 12 months after the Confirmation Date.

Funding of the Debtor's plan of reorganization will be from the
operations of the Debtor.

The Disclosure Statement is available at:

            http://bankrupt.com/misc/flsb16-11907-66.pdf

The Plan was filed by the Debtor's counsel:

     Luis Salazar, Esq.
     SALAZAR JACKSON LLP
     2000 Ponce De Leon Boulevard, Penthouse
     Coral Gables, FL 33134
     Tel: (305) 374-4848
     Fax: (305) 397-1021
     E-mail: Salazar@SalazarJackson.com

New Beginnings of South Florida, Inc., is a not for profit holding
company.  The Debtor provides essential community services to the
financially depressed city of Opa Locka, Florida.  Reverend John
Taylor, a director at New Beginnings, has operated a church and/or
provided community services at the properties owned by New
Beginnings for over 30 years.  Currently, the Debtor generates
revenue by collecting rents from its tenants which include a
church, day-care and school.  The Debtor has no employees.

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. S.D.
Fla. Case No. 16-11907) on Feb. 10, 2016.  The petition was signed
by Elvira Smith, president.

The Debtor is represented by Luis Salazar, Esq., at Salazar
Jackson, LLP.  The case is assigned to Judge Robert A. Mark.

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


NEW CENTURY: Homeowner's Bid to Amend Suit Denied
-------------------------------------------------
The Court of Appeals of California, Second District, Division One,
affirmed the trial court's denial of the plaintiff's request for
leave to amend the case captioned TSVETANA YVANOVA, Plaintiff and
Appellant, v. NEW CENTURY MORTGAGE CORPORATION et al., Defendants
and Respondents, No. B247188 (Cal. Ct. App.).

Tsvetana Yvanova brought an action against numerous financial
institutions, alleging the mortgage and deed of trust on her
residence were improperly securitized and assigned from the
original lender to a successor mortgagee and trustee, and later
improperly sold at foreclosure.  Yvanova alleged instances of
transfer fraud, claimed several assignments were ineffective, and
denied that the ultimate trustee possessed a valid interest in the
property.  Although the only cause of action in the operative
complaint was entitled "To Quiet Title," Yvanova also sought
restitution, damages, and declaratory relief.  The defendants
demurred to the complaint on the ground that Yvanova failed to
state a cause of action for quiet title in that she failed to
allege she had tendered the loan balance.  The trial court
sustained the demurrer without leave to amend on that ground.

The Court of Appeals of California affirmed the trial court's
ruling as to the cause of action for quiet title, and also affirmed
the court's denial of leave to amend on the ground that Yvanova
lacked standing to enforce the assignment and securitization
agreements.  However, the Supreme Court reversed that ruling,
holding that "a borrower who has suffered a nonjudicial foreclosure
does not lack standing to sue for wrongful foreclosure based on an
allegedly void assignment merely because he or she was in default
on the loan and was not a party to the challenged assignment."  The
Supreme Court remanded the matter for reconsideration of Yvanova's
request for leave to amend.

After inviting and considering supplemental briefing from the
parties, the Court of Appeals again concluded that denial of leave
to amend was proper because admissions that Yvanova made in her
complaint and judicially noticeable documents show there is no
reasonable probability she can state a cause of action.

A full-text copy of the appellate court's July 29, 2016 ruling is
available at https://is.gd/uup2Jr from Leagle.com.

Plaintiff and Appellant is represented by:

          Richard L. Antognini, Esq.
          LAW OFFICE OF RICHARD L. ANTOGNINI
          819 I St
          Lincoln, CA 95648
          Tel: (916)645-7278

Defendants and Respondents are represented by:

          K. Lee Marshall, Esq.        
          Jennifer Steeve, Esq.
          BRYAN CAVE
          560 Mission Street, 25th Floor
          San Francisco, CA 94105-2994
          Tel: (415)675-3400
          Fax: (415)675-3434
          Email: klmarshall@bryancave.com

            -- and --

          Sarah Burwick, Esq.  
          BRYAN CAVE
          120 Broadway, Suite 300
          Santa Monica, CA 90401-2386
          Tel: (310)576-2100
          Fax: (310)576-2200
          Email: sarah.burwick@bryancave.com

                      About New Century

Founded in 1995, Irvine, Calif.-based New Century Financial
Corporation (NYSE: NEW) -- http://www.ncen.com/-- was a real     
estate investment trust, providing mortgage products to borrowers
nationwide through its operating subsidiaries, New Century
Mortgage Corporation and Home123 Corporation.   The Company was
among firms hit by the collapse of the subprime mortgage business
industry in 2006.

The company and its debtor-affiliates filed for Chapter 11
protection on April 2, 2007 (Bankr. D. Del. Lead Case No.
07-10416).  Suzzanne Uhland, Esq., Austin K. Barron, Esq., and Ana
Acevedo, Esq., at O'Melveny & Myers LLP, and Mark D. Collins,
Esq., Michael J. Merchant, Esq., and Jason M. Madron, Esq., at
Richards, Layton & Finger, P.A., represent the Debtors.  The
Official Committee of Unsecured Creditors selected Hahn & Hessen as
its bankruptcy counsel and Blank Rome LLP as its co-counsel.

When the Debtors filed for bankruptcy, they disclosed total assets
of $36,276,815 and total debts of $102,503,950.

The Company sold its assets in transactions approved by the
Bankruptcy Court.  The Bankruptcy Court confirmed the Second
Amended Joint Chapter 11 Plan of Liquidation of the Debtors and
the Official Committee of Unsecured Creditors on July 15, 2008,
which became effective on Aug. 1, 2008.  An appeal was taken and,
on July 16, 2009, District Judge Sue Robinson issued a Memorandum
Opinion reversing the Confirmation Order.  On July 27, 2009, the
Bankruptcy Court entered an Order Granting Motion of the Trustee
for an Order Preserving the Status Quo Including Maintenance of
Alan M. Jacobs as Liquidating Trustee, Plan Administrator and Sole
Officer and Director of the Debtors, Pending Entry of a Final Order
Consistent with the District Court's Memorandum Opinion.

On Nov. 20, 2009, the Court entered an Order confirming the
Modified Second Amended Joint Chapter 11 Plan of Liquidation.  The
Modified Plan adopted, ratified and confirmed the New Century
Liquidating Trust Agreement, dated as of Aug. 1, 2008, which
created the New Century Liquidating Trust and appointed Alan M.
Jacobs as Liquidating Trustee of New Century Liquidating Trust and
Plan Administrator of New Century Warehouse Corporation.


NEW MILLENNIUM: Malpractice Suit Remanded to Texas State Court
---------------------------------------------------------------
Judge Gray H. Miller of the United States District Court for the
Southern District of Texas, Houston Division, granted David
Sheller's motion and remanded the case captioned DAVID SHELLER,
Plaintiff, v. CORRAL TRAN SINGH, LLP, et al., Defendants, Civil
Action No. H-16-976 (S.D. Tex.) to the 127th District Court of
Harris County, Texas.

This is a malpractice lawsuit against Corral, Tran, and Singh, LLC,
Susan Tran, and Bendan Singh, for legal services performed in
connection with the New Millennium, Management, LLC, bankruptcy
case

A full-text copy of Judge Miller's July 28, 2016 order is available
at https://is.gd/iXXHxU from Leagle.com.

David Sheller is represented by:

          David L. Sheller, Esq.
          SHELLER LAW FIRM PLLC
          810 Waugh Drive, 2nd Floor
          Houston, TX 77019
          Tel: (713)961-0291

Corral Tran Singh, LLP, Susan Tran, Brendon Singh are represented
by:

          Richard Gardner Wilson, Esq.
          KERR WILSON P.C.
          16800 Imperial Valley, Suite 360
          Houston, TX 77060
          Tel: (281)260-6304
          Fax: (281)260-6467


NEW STREAMWOOD: Has Interim Nod to Use Cash Collateral
------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Illinois
authorized New Streamwood Lanes, Inc. to use the cash collateral of
Waterfall Olympic Master Fund Grantor Trust, Series II, as
successor in interest to Byline Bank f/k/a North Community Bank.

The Debtor is indebted to Waterfall Olympic Master Fund Grantor
Trust in the amount of $3,025,305. Waterfall Olympic Master Fund
Grantor Trust holds a valid first priority security interest in and
lien on the Pre-petition Collateral.

The Pre-petition Collateral consists of:

     (1) the Debtor's Commercial Assets, including all the Debtor's
personal property;

     (2) the Debtor's Real Estate; and

     (3) any and all rents, revenues, income, profits, and proceeds
generated by the Real Estate and Commercial Assets.

The Debtor represented that in the absence of the use of cash
collateral, it does not have sufficient available sources of
working capital and financing to operate its business and maintain
its property in accordance with state and federal law.

The approved Budget for August 2016 provides for total expenses in
the amount of $60,407.

Waterfall Olympic Master Fund Grantor Trust was granted replacement
liens in all assets of the Debtor, of the same extent, validity and
priority as existed on the Petition Date.  The Debtor was directed
to make monthly adequate protection payments to  Waterfall Olympic
Master Fund Grantor Trust in the amount of $6,187.50.   Waterfall
Olympic Master Fund Grantor Trust was authorized to apply and
retain $55,000 in funds that were held by it as additional adequate
protection.

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

A full-text copy of the Interim Order, dated August 5, 2016, is
available at https://is.gd/TEFXcl

             About New Streamwood Lanes

New Streamwood Lanes, Inc. filed a chapter 11 petition (Bankr. N.D.
Ill. Case No. 14-20808) on June 2, 2014.  The petition was signed
by Terence Vaughn, president.  The Debtor is represented by Ryan
Kim, Esq., at Inseed Law PC.  The case is assigned to Judge
Benjamin Godgar.  The Debtor estimated assets and liabilities at $1
million to $10 million at the time of the filing.


NIKAI PR CORP: Court OK Oriental's Request for Copy of Plan Outline
-------------------------------------------------------------------
Judge Mildred Caban Flores of the U.S. Bankruptcy Court for the
District of Puerto Rico grants Oriental Bank’s request to be
served with a copy of the disclosure statement and plan of Nikai PR
Corp.

Nikai PR, Corp. filed a Chapter 11 petition (Bankr. D.P.R. Case No.
16-06097) on July 30, 2016, and is represented by represented by:
Ruben Gonzalez Marrero, Esq., at Ruben Gonzalez Marrero &
Asociados.


NORTHERN OIL: Michael Frantz of TRT Holdings to Join Board
----------------------------------------------------------
Northern Oil and Gas, Inc., announced that Michael Frantz, vice
president, investments of TRT Holdings, Inc., in Dallas, Texas, has
been appointed to the Company's board of directors.  TRT is a
significant holder of both the Company's common equity and 8%
senior notes.  

Michael, as a representative of TRT, brings the benefit of a
significant stakeholder to Northern's board as well as an
institutional knowledge of the oil and gas industry through TRT's
ownership of Tana Exploration and other oil and gas activities.  

In addition, while at TRT, Michael has led or played a material
role in public and private investments ranging from $10 million to
$1.2 billion across multiple industries including minority stakes
as well as merger and acquisition transactions.

                      About TRT Holdings

TRT Holdings is a multi-billion dollar diversified private holding
company whose largest investments currently include Omni Hotels &
Resorts, Gold’s Gym and Tana Exploration, in addition to select
public, real estate and other investments.

                       About Northern Oil

Northern Oil and Gas, Inc. is an exploration and production company
with a core area of focus in the Williston Basin Bakken and Three
Forks play in North Dakota and Montana.  More information about
Northern Oil and Gas, Inc. can be found at
http://www.NorthernOil.com/   

Northern Oil reported a net loss of $975 million in 2015 following
net income of $164 million in 2014.

As of June 30, 2016, Northern Oil had $465.38 million in total
assets, $895.18 million in total liabilities and a $429.79 million
total stockholders' deficit.


NORTHERN OIL: TRT Holdings Reports 10.7% Stake as of Aug. 9
-----------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, TRT Holdings, Inc. disclosed that as of Aug. 9, 2016,
it beneficially owned 6,910,221 shares of common stock of
Northern Oil and Gas, Inc., representing 10.7 percent of the shares
outstanding.  Also included in the filing are Cresta Investments,
LLC - 3,947,921 shares; Cresta Greenwood, LLC - 1,344,223 shares;
and Robert B. Rowling - 12,202,365 shares.  A full-text copy of the
regulatory filing is available at:

                       https://is.gd/amfsMh

                        About Northern Oil

Northern Oil and Gas, Inc. is an exploration and production company
with a core area of focus in the Williston Basin Bakken and Three
Forks play in North Dakota and Montana.  More information about
Northern Oil and Gas, Inc. can be found at
http://www.NorthernOil.com/   

Northern Oil reported a net loss of $975 million in 2015 following
net income of $164 million in 2014.

As of June 30, 2016, Northern Oil had $465.38 million in total
assets, $895.18 million in total liabilities and a $429.79 million
total stockholders' deficit.


NOVABAY PHARMACEUTICALS: Incurs $2.69 Million Net Loss in Q2
------------------------------------------------------------
NovaBay Pharmaceuticals, Inc., filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net loss and comprehensive loss of $2.69 million on $2.66 million
of total net sales for the three months ended June 30, 2016,
compared to a net loss and comprehensive loss of $4.88 million on
$1 million of total net sales for the three months ended June 30,
2015.

For the six months ended June 30, 2016, the Company reported a net
loss and comprehensive loss of $7.76 million on $4.38 million of
total net sales compared to a net loss and comprehensive loss of
$9.52 million on $1.54 million of total net sales for the same
period last year.

As of June 30, 2016, NovaBay had $7 million in total assets, $9.47
million in total liabilities and a total stockholders' deficit of
$2.46 million.

As of June 30, 2016, the Company's cash was $3.5 million, compared
to $2.4 million as of Dec. 31, 2015.  The Company has incurred
cumulative net losses of $98.3 million since inception through June
30, 2016, and the Company has always funded its operations
primarily through the sales of its stock and warrants and funds
received under its collaboration and distribution agreements.  In
February 2016, the Company closed a financing in which it raised a
total of $2.8 million, or approximately $2.6 million in net cash
proceeds after deducting placement agent commissions and other
offering costs of $0.2 million.  Additionally, the Company
increased its borrowings by a net of $1.4 million in January 2016
in connection with the final tranche of its Bridge Loan (which has
been subsequently paid off on August 1, 2016).  In May 2016, the
Company closed the first tranche of a financing in which it raised
a total of $7.8 million, or approximately $7.3 million in net cash
proceeds after deducting placement agent commissions and other
offering costs of $0.5 million.

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

                   https://is.gd/3Z4xm8

              About NovaBay Pharmaceuticals

NovaBay Pharmaceuticals is a biopharmaceutical company focusing on
the commercialization of prescription Avenova lid and lash hygiene
for the domestic eye care market.  Avenova is formulated with
Neutrox which is cleared by the U.S. Food and Drug Administration
(FDA) as a 510(k) medical device.  Neutrox is NovaBay's proprietary
pure hypochlorous acid.  Laboratory tests show that hypochlorous
acid has potent antimicrobial activity in solution yet is non-toxic
to mammalian cells and it also neutralizes bacterial toxins.
Avenova is marketed to optometrists and ophthalmologists throughout
the U.S. by NovaBay's direct medical salesforce.  It is accessible
from more than 90% of retail pharmacies in the U.S. through
agreements with McKesson Corporation, Cardinal Health and
AmeriSource Bergen.

NovaBay reported a net loss of $18.97 million in 2015, a net loss
of $15.19 million in 2014 and a net loss of $16.04 million in
2013.

OUM & Co. LLP in San Francisco, California, audited the
consolidated balance sheets of NovaBay Pharmaceuticals, Inc. as of
December 31, 2015 and 2014 and the related consolidated statements
of operations and comprehensive loss, stockholders' equity, and
cash flows for each of the three years in the period ended December
31, 2015.  The firm noted that the Company has suffered recurring
losses and negative cash flows from operations and has a
stockholders' deficit, all of which raise substantial doubt about
its ability to continue as a going concern.


NOVELIS INC: Moody's Alters Outlook to Stable & Affirms B1 CFR
--------------------------------------------------------------
Moody's Investors Service changed Novelis Inc's outlook to stable
from negative. At the same time, Moody's affirmed the company's B1
corporate family rating (CFR), B1-PD probability of default rating,
Ba2 senior secured term loan rating, and the B2 senior unsecured
notes ratings. The speculative grade liquidity rating was affirmed
at SGL-2

Issuer: Novelis Inc.

Affirmations:

   -- Probability of Default Rating, Affirmed B1-PD

   -- Speculative Grade Liquidity Rating, Affirmed SGL-2

   -- Corporate Family Rating, Affirmed B1

   -- Senior Secured Bank Credit Facility, Affirmed Ba2 (LGD2)

   -- Senior Unsecured Regular Bond/Debenture, Affirmed B2 (LGD5)

Outlook Actions:

   -- Outlook, Changed To Stable From Negative

The stable outlook reflects the improving earnings trends Novelis
evidenced in the second half of 2016 and the first quarter of 2017
(June 30, 2016) as exemplified by good growth in EBITDA, as well as
gross and EBIT margins. This results from the strengthening value
add product mix driven by increasing automotive sheet shipments
(15% of total shipments in 2016 versus 7% in 2013). With all three
automotive heat treatment lines at Oswego, NY now completed and
producing, as well as the second line at Nachterstedt, Germany,
earnings improvement is expected to continue. In addition, the
absence of ramp up costs, start-up costs and other issues with the
recycling facility at Nachterstedt, and productivity gains achieved
on enhanced operational and efficiency focus, will also enhance
earnings and cash flow generation. In addition, less volatility in
premiums, which fell dramatically in the company's fiscal 2016 will
also benefit earnings performance. Metal lag impact reduced to $13
million in the quarter to June 30, 2016 versus $85 million in the
comparable 2016 quarter and $178 million for the full year 2016.

The outlook also considers that although debt protection metrics
and leverage, as measured by the debt/EBITDA ratio, remain high for
the rating, they are similarly showing improving trends. Based upon
the recent EBITDA run rate and anticipated improvement in the
proportion of value added business in the product mix, and
adjusting for some seasonality, Moody's expects Novelis to generate
EBITDA of at least $1 billion in 2017, which at current adjusted
debt levels would improve debt/EBITDA to around 5.5x from 6.3x for
the twelve months ended June 30, 2016. A further consideration in
the outlook is the expectation for Novelis to be free cash flow
generative going forward on improved earnings and lower capital
expenditures following completion of all major growth investments.

RATINGS RATIONALE

The B1 Corporate Family Rating (CFR) considers Novelis' focus on
creating a more value added business as it expands its auto sheet
finishing capacity to capture increasing use of aluminum in the
automotive market while reducing more commodity type business. The
rating acknowledges the company's large scale, significant market
position, and global footprint in the aluminum rolled products
market, which includes a dominant position in the beverage and food
can sheet segment and good positions in industrial and other high
end specialties such as electronics.

At the same time, the rating reflects the variability of Novelis'
sales to end markets, the sensitivity of its earnings to volume
levels given the level of fixed costs, which have increased
following the recent expansions, and the relatively thinner margins
associated with the can sheet business.

The Ba2 senior secured term loan rating reflects the benefit of the
loan's first priority lien on PP&E and stock and second priority
lien on inventory and accounts receivables. The B2 rating of the
senior unsecured notes reflects their effective subordination in
the capital structure to the significant amount of secured debt
under the term loan and ABL revolver.

An upgrade is unlikely at this time due to the company's more
leveraged profile following the balance sheet recapitalization in
calendar 2014 and weak earnings performance subsequently. However
the rating could be favorably impacted should the company trend
toward and demonstrate the ability to sustain EBIT/interest above
4x, debt/EBITDA below 4.25x and (operating cash flow less
dividends)/debt of at least 20%.

The rating could be downgraded should the company experience
sustained volume and margin declines or should the improving trends
in performance and debt protection metrics reverse. Quantitatively,
ratings could be downgraded if leverage as measured by the
debt/EBITDA ratio does not trend toward 5x and EBIT/interest not
show a trend to at least 2x or free cash flow remains negative. A
significant contraction in liquidity or availability under the ABL
or further material dividend payments could also negatively affect
the rating.

The principal methodology used in these ratings was Global Steel
Industry published in October 2012.

Headquartered in Atlanta, Georgia, Novelis is the world's largest
producer of aluminum rolled products. The company operates through
four regional segments: North America (33% of third party shipments
for the year ending March 31, 2016), Europe (29% of third party
shipments), Asia (23% of third party shipments), and South America
(15% of third party shipments). While Novelis sells into a number
of end markets, the company currently ships a meaningful level to
the can sheet market, although sales to the automotive market are
increasing as a percentage of total shipments. For the twelve
months ended June 30, 2016 Novelis generated approximately $9.5
billion of revenues.

Novelis is ultimately 100% owned by Hindalco Industries Limited
(Hindalco - unrated), domiciled in India.


NRAD MEDICAL: Exclusive Plan Filing Period Extended to Sept. 8
--------------------------------------------------------------
Judge Patrick Collins of the U.S. Bankruptcy Court for the Eastern
District of New York approved the Stipulation executed by NRAD
Medical Associates, P.C., the Official Committee of Unsecured
Creditors of NRAD Medical Associates, P.C., and Former Shareholders
Bilha Fish, M.D., et. al., regarding the extension of the Debtor's
exclusive periods for filing a plan and soliciting acceptances
thereof.

The Debtor filed a Plan of Reorganization on July 28, 2016.

The Court had previously extended the Debtor's exclusive periods
for filing a plan and obtaining acceptances thereof to July 5, 2016
and September 6, 2016, respectively.

The approved Stipulation extended the Debtor's Exclusive Filing
Period to September 8, 2016, and the Debtor's Exclusive
Solicitation Period to November 7, 2016.

The Stipulation provides that the Debtor may seek entry of an order
further extending the Exclusive Periods, but only with written
consent of the Official Committee and the Former Shareholders.  It
further provides that if If the Committee and the Former
Shareholders do not consent in writing to further extend the
Exclusive Periods, those periods will terminate effective 12:01
a.m. on September 9, 2016 and any party in interest may thereafter
file a plan and disclosure statement and seek approval thereof.

The Stipulation prohibits the Debtor from requesting the Court to
schedule any hearing to consider approval of a disclosure statement
for its Plan of Reorganization, until September 8, 2016.

A full-text copy of the Stipulation and Order, dated August 8,
2016, is available at https://is.gd/6ZXQbs

The Official Committee of Unsecured Creditors is represented by:

          Patrick Collins, Esq.
          FARRELL FRITZ, P.C.
          1320 RXR Plaza
          Uniondale, NY 11556

The Former Shareholders are represented by:

          Howard B. Kleinerg, Esq.
          MEYER, SOUZZI, ENGLISH & KLEIN, P.C.
          990 Stewart Avenue, Suite 300
          Garden City, NY 11530

                About NRAD Medical Associates, P.C.

NRAD Medical Associates, P.C., operated a regional radiology
imaging medical practice and a regional radiation therapy practice
with 16 locations throughout Long Island and Queens, New York.  In
June 2015, NRAD sold most of the assets utilized in the imaging
practice assets in June 2015 to Meridian Imaging Group, LLC.  In
addition, NRAD and certain multi-specialty practitioners (e.g.
gynecologists, internists, surgeons) were parties to agreements
pursuant to which MSPs were employed by NRAD, certain assets
require acquired and certain obligations were assumed.

NRAD Medical sought Chapter 11 bankruptcy protection (Bankr.
E.D.N.Y. Case No. 15-72898) in Central Islip, New York, on July 7,
2015.  The case is assigned to Judge Louis A. Scarcella.

The Debtor estimated assets and liabilities of $10 million to $50
million.

The Debtor is represented by Anthony C Acampora, Esq., at Silverman
Acampora LLP, in Jericho, New York.

                           *     *     *

On Aug. 13, 2015, the U.S. Trustee appointed David Kaplan, M.D.,
Henry Schein, Julian Safir, M.D., Nuclear Diagnostic Products and
415 Northern Blvd. Realty to the Official Committee of Unsecured
Creditors.  The Committee tapped Farrell Fritz, P.C. as counsel.

On Sept. 10, 2015, the Court approved the sale of substantially all
of the assets of the Debtor's RT Practice to St. Francis Hospital,
Roslyn, NY, or its designee, free and clear of all liens, and
claims.  On Sept. 24, 2015, the Court entered an order approving
the RT Sale.  On Oct. 14, 2015, the Debtor filed its notice of
closing and effective date with respect to the RT sale.


OBERFIELD PRECAST: Wants Authorization to Use Cash Collateral
-------------------------------------------------------------
Oberfield Precast, LLC, asks the U.S. Bankruptcy Court for the
District of Arizona for authorization to use cash collateral.

The following creditors hold security interests in the Debtor's
personal property:

          CREDITOR                        AMOUNT OF DEBT
          --------                        --------------

     The Frederick G. Bengtson Family        $858,365
     Trust/Bengtson Family Trust/
     Bengtson Revocable Living Trust  

     Bluevine Capital                         $51,951

     Cash Crunch Lending                      $30,416

     Direct Capital                           $11,696

     Leaf Equipment Financing                 $17,005

     New Era Lending                          $25,164

     On Deck Capital                           $5,016

     Arizona Bank & Trust                    $326,043

The Debtor relates that among the property securing the claims of
the secured creditors are cash or cash equivalents, inventory,
accounts receivable, and the proceeds of accounts receivable and
inventory.

The Debtor tells the Court that its income is generated from the
production of precast concrete products and the sale of its
concrete product inventory, and that the proceeds of its inventory
represent all of the income available for the Debtor's business
operations.  The Debtor further tells the Court that it must be
permitted to use cash collateral to pay employee wages, purchase
materials to produce new inventory, and otherwise remain in
business.

The Debtor projects total expenses in the amount of $53,450.

The Debtor proposes to provide adequate protection to its secured
creditors in the form of replacement liens in its inventory
purchased, accounts receivable and cash in its DIP account.  The
Debtor also proposes to make adequate protection payments to its
secured creditors, if necessary.  The Debtor undertakes not to let
its total inventory, equipment, accounts receivable, and cash in
the DIP Account fall below their current value of $785,497.82.

A full-text copy of the Debtor's Motion, dated Aug. 5, 2016, is
available at https://is.gd/v3WtpI

Oberfield Precast is represented by:

          Pernell W. McGuire, Esq.
          M. Preston Gardner, Esq.
          DAVIS MILES MCGUIRE GARDNER
          40 E. Rio Salado Pkwy. Suite 425
          Tempe, AZ 85281
          Telephone: (480) 733-6800
          E-mail: efile.dockets@davismiles.com

The Frederick G. Bengtson Family Trust can be reached at:

          FREDERICK G. BENGTSON FAMILY TRUST
          2426 E. Geneva Dr.
          Tempe, AZ 85282

The Bengtson Family Trust can be reached at:

          BENGTSON FAMILY TRUST
          7750 El Camino Dr
          Tempe, AZ 85284

The Bengtson Revocable Living Trust can be reached at:

          BENGTSON REVOCABLE LIVING TRUST
          4322 E Branded Dr
          Gilbert, AZ 85297

Arizona Bank & Trust can be reached at:

          ARIZONA BANK & TRUST
          2036 E. Camelback Road
          Phoenix, AZ 85016

Bluevine Capital can be reached at:

          BLUEVINE CAPITAL
          401 Warren Street, Suite 300
          Redwood City, CA 94063

Cash Crunch Lending can be reached at:

          CASH CRUNCH LENDING
          2 University Plaza Drive
          Hackensack, NJ 07601

Direct Capital can be reached at:

          DIRECT CAPITAL
          155 Commerce Way
          Portsmouth, NH 03801

Leaf Equipment Financing can be reached at:

          LEAF EQUIPMENT FINANCING
          2005 Market Street
          Philadelphia, PA 19103

New Era Lending can be reached at:

          NEW ERA LENDING
          2 University Plaza Drive
          Hackensack, NJ 07601

On Deck can be reached at:

          ON DECK
          1400 Broadway
          New York, NY 10018

                  About Oberfield Precast

Oberfield Precast, LLC filed a chapter 11 petition (Bankr. D. Ariz.
Case No. 2:16-bk-08999) on August 5, 2016.  The Debtor is
represented by Pernell W. McGuire, Esq. and M. Preston Gardner,
Esq., at Davis Miles McGuire Garder.


OCEAN RIG: Reorganization Under US Bankruptcy Laws Among Options
----------------------------------------------------------------
Ocean Rig UDW Inc., or Ocean Rig or the Company, an international
contractor of offshore deepwater drilling services, on Aug. 11,
2016, announced its unaudited financial and operating results for
the quarter ended June 30, 2016.

Second Quarter 2016 Financial

Highlights

   * For the second quarter of 2016, the Company reported a net
income of $156.1 million, or $1.83 basic and diluted earnings per
share.

   * The Company reported Adjusted EBITDA(1) of $326.5 million for
the second quarter of 2016.

Recent Highlights

   * On August 11, 2016 then Company reached an agreement with
Samsung Heavy Industries ("SHI") related to the construction of our
three drillships which provides for the re-scheduling of certain
installments, the postponement of the delivery of the first two of
these drillships currently under construction and the amendment of
certain other terms (including the contract price).

   * The Leiv Eiriksson completed, as planned, its 15-year class
survey and scheduled equipment and winterization upgrades related
to its next contract, and on July 18, 2016 mobilized on location in
Norway to commence its previously announced contract with Lundin
Norway AS.

   * On June 16, 2016, the Company reached an agreement with Repsol
Sinopec to terminate the contract of the Ocean Rig Mylos operating
offshore Brazil against full payment of the remaining backlog.

   * On April 27, 2016, the Company reached agreement with ENI to
settle the dispute related to the termination of the contract of
the Ocean Rig Olympia against a total payment of $54 million and
the extension by 81 days for the contract of the Ocean Rig Poseidon
at a daily gross operating rate of $115,000.

(1) Adjusted EBITDA is a non-GAAP measure; please see later in this
press release for reconciliation to net income

George Economou, Chairman and Chief Executive Officer of the
Company, commented: "Despite the continued positive operational
performance of the Company (fleet utilization for the second
quarter of 96.3%) the market conditions remain extremely negative.
Oil companies continue to reduce their offshore budgets and as more
floaters come off contract in the next six months, an already
grossly oversupplied market is expected to worsen.   In this
current and anticipated poor market environment which we expect to
persist for an extended period of time, we believe it is prudent to
focus on maintaining liquidity and de-levering the Company.  Given
the ongoing distressed market environment as well as the consensus
view that a recovery may not occur for several years, we have
engaged financial and legal advisors to assess the viability of our
capital structure and alternatives that may be available to pursue.
In the recent period, we have been approached by several of our
debt holders who have in certain cases also retained legal counsel
and financial advisors.  While we have not made any specific
decisions, it is evident to the Company and a number of its
creditors that its debt obligations will need to be amended or
exchanged for new debt and/or equity securities, and some debt
holders may have little or no recovery on their investment . We
continue to explore and consider alternatives, which may include a
possible reorganization under US bankruptcy laws or another
jurisdiction, so that we can ride out this very difficult cycle
with feasible prospects for strong, long-term success."

Financial Review: 2016 Second Quarter

The Company recorded net income of $156.1 million, or $1.83 basic
and diluted earnings per share, for the three-month period ended
June 30, 2016, as compared to a net income of $74.9 million, or
$0.54 basic and diluted earnings per share, for the three-month
period ended June 30, 2015.

Revenues increased by $19.4 million to $452.6 million for the
three-month period ended June 30, 2016, as compared to $433.2
million for the same period in 2015.

Drilling units' operating expenses decreased to $111.4 million and
total depreciation and amortization decreased to $82.8 million for
the three-month period ended June 30, 2016, from $142.8 million and
$88.8 million, respectively, for the three-month period ended June
30, 2015.  Total general and administrative expenses increased to
$27.0 million in the second quarter of 2016 from $25.4 million
during the same period in 2015.

Interest and finance costs, net of interest income, decreased to
$55.0 million for the three-month period ended June 30, 2016,
compared to $73.5 million for the three-month period ended
June 30, 2015.

The table below describes the Company's operating fleet profile as
of August 10, 2016:

Total backlog as of August 10, 2016 amounted to $2.2 billion.

       
Unit                Year built/
                or Scheduled Delivery    Redelivery
       
Leiv Eiriksson         2001      Q4 - 16
Ocean Rig Corcovado 2011          Q2 - 18
Ocean Rig Poseidon 2011      Q3 - 17
Ocean Rig Mykonos    2011      Q1 - 18
Ocean Rig Skyros 2013      Q3 - 21
Ocean Rig Athena 2014      Q2 - 17

Drill Rigs Holdings Inc - Supplemental Information

Leiv Eiriksson

The Leiv Eiriksson completed, as planned, its 15-year class survey
and scheduled equipment and winterization upgrades related to its
next contract, and on July 18, 2016 mobilized on location in Norway
to commence its previously announced contract with Lundin Norway
AS.

Eirik Raude

The Eirik Raude is currently in its stacking location in Greece and
is available for alternative employment.

                     About Ocean Rig UDW Inc.

Ocean Rig. (NASDAQ: ORIG)  -- http://www.ocean-rig.com-- is an
international offshore drilling contractor providing oilfield
services for offshore oil and gas exploration, development and
production drilling, and specializing in the ultra-deepwater and
harsh-environment segment of the offshore drilling industry.  Ocean
Rig's common stock is listed on the NASDAQ Global Select Market
where it trades under the symbol "ORIG."

                         *     *     *

As reported by the Troubled Company Reporter on Feb. 23, 2016,
Standard & Poor's Ratings Services lowered its long-term corporate
credit rating on Marshall Islands-incorporated drilling company
Ocean Rig UDW Inc. to 'CCC+' from 'B-'.  S&P also placed the rating
on CreditWatch with negative implications.  The downgrade reflects
S&P's view that Ocean Rig's capital structure is unsustainable in
the long term and that its liquidity is currently less than
adequate.  S&P believes that customers'
recent cancellations of rig contracts are a reflection of the rapid
decline in oil prices and oil companies' consequent very high focus
on reducing costs and capital expenditure (capex).


OMNICOMM SYSTEMS: Incurs $1.99 Million Net Loss in Second Quarter
-----------------------------------------------------------------
OmniComm Systems, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $1.99 million on $5.30 million of total revenues for the three
months ended June 30, 2016, compared to net income of $4.67 million
on $4.83 million of total revenues for the three months ended June
30, 2015.

For the six months ended June 30, 2016, the Company reported a net
loss of $2.87 million on $10.5 million of total revenues compared
to net income of $1.92 million on $9.67 million of total revenues
for the same period last year.

As of June 30, 2016, Omnicomm had $6.56 million in total assets,
$30.7 million in total liabilities and a total shareholders'
deficit of $24.10 million.

At June 30, 2016, the Company had working capital deficit of
approximately $9.66 million.

Cash and cash equivalents increased by $21,882 to $857,101 at June
30, 2016.  The increase is primarily comprised of a net loss of
$2.87 million, changes in working capital accounts of $649,042 and
an increase from non-cash transactions of $2.80 million.  During
the six months ended June 30, 2016, the Company had investing
activities comprised of net purchases of property and equipment of
$164,449.  For financing activities, the Company had proceeds of
$925,000.

The Company's quarterly report on Form 10-Q is available from the
SEC website at https://is.gd/vucuGK

                  About OmniComm Systems

Ft. Lauderdale, Fla.-based OmniComm Systems, Inc., is a healthcare
technology company that provides Web-based electronic data capture
("EDC") solutions and related value-added services to
pharmaceutical and biotech companies, clinical research
organizations, and other clinical trial sponsors principally
located in the United States and Europe.

OmniComm reported net income attributable to common stockholders of
$2.40 million on $20.7 million of total revenues for the year ended
Dec. 31, 2015, compared to a net loss attributable to common
stockholders of $4.66 million on $16.5 million of total revenues
for the year ended Dec. 31, 2014.


ORBITAL ATK: Moody's Retains 'Ba2' Corp. Family Rating
------------------------------------------------------
Moody's Investors Service has lowered the speculative grade
liquidity rating of Orbital ATK, Inc. ("OA") to SGL-3 from SGL-2,
denoting adequate rather than good liquidity. All other ratings,
including the Ba2 Corporate Family Rating, are unaffected at this
time and the rating outlook is stable

RATING RATIONALE

The less favorable view of OA's liquidity -- to an adequate level
of liquidity -- follows the company's disclosure of: 1) the need to
restate its financial statements and 2) delayed filing of second
quarter 2016 financials as a result. The SGL-3 also considers that
OA is unlikely to build cash, and therefore lessen revolver
dependence, because the company is likely to continue to repurchase
shares when able.

OA reported that it held only $60 million in cash at the end of its
June, 2016 quarter. The company's cash flow from operations is
lumpy, often affected by progress payments associated with its
large contracts. Further, OA is expected to draw under its revolver
intra-quarter. That revolver ($1 billion, of which about $125
million was borrowed and $130 million was utilized by letters of
credit at April 2016) requires timely financial reporting as part
of the maintenance covenants. However, as a condition to borrow,
the financial reporting requirement has been waived by its bank
lenders through November 14, 2016. Should the company be unable to
file its financials by then, an additional waiver will likely be
required. As well, the indentures governing OA's bonds also require
timely financial reporting.

The company's existing ratings are unaffected by the lower
liquidity and the estimated forward loss provision (pre-tax
operating income down by $400 million to $450 million, retained
earnings down $250 million to $280 million). The amount is sizeable
as the contract in question is a long term one, and the charge is
expected to result in a reported loss for last year. This event
along with news of a material weakness over financial controls,
does consume some of the flexibility that the company had in its
ratings. Remediation planned by OA around the control weakness, nor
the timing, have yet to be determined.

Orbital ATK, Inc., headquartered in Dulles, Virginia, designs,
builds and delivers space, defense and aviation-related systems as
a prime contractor and as a merchant supplier. The company's three
business segments are: flight systems, defense systems, and space
systems. The company has estimated its revenues for 2016 at $4.45
billion to $4.5 billion.

The principal methodology used in this ratings/analysis was Global
Aerospace and Defense Industry published in April 2014.


PACIFIC SUNWEAR: Court Permits Filing of Wage Class, PAGA Claims
----------------------------------------------------------------
Judge Laurie Selber Silverstein of the United States Bankruptcy
Court for the District of Delaware temporarily allowed the class
claim in the amount of $5,000,000 and the PAGA claim in the amount
of $100,000 for purposes of voting on Pacific Sunwear of
California, Inc.'s plan.

Tamaree Beeney and Charles Pfeiffer sought to file claims against
the PacSun estates for alleged violations of California wage and
hour laws, which had been asserted prepetition in separate (but
subsequently consolidated) lawsuits.

Judge Silverstein has previously permitted the filing of a class
proof of claim covering a period of 8 years and 7 months -- from
March 18, 2007, through October 10, 2016.  The judge will not
permit the filing of a class proof of claim for the period after
October 10, 2016.  Judge Silverstein, however, ordered that a
second bar date notice must go to employees who worked in PacSun's
California retail locations from October 11, 2016 through February
26, 2016.

A full-text copy of Judge Silverstein's August 8, 2016 order is
available at http://bankrupt.com/misc/deb16-10882-713.pdf

Pacific Sunwear of California, Inc., Debtor, represented by Joseph
M. Barry, Esq. -- jbarry@ycst.com -- Young, Conaway, Stargatt &
Taylor, David M. Guess, Esq. -- dguess@ktbslaw.com -- Klee Tuchin
Bogdanoff & Stern LLP, Sasha M. Gurvitz, Esq. --
SGurvitz@ktbslaw.com -- Klee Tuchin Bogdanoff & Stern LLP, Maris J.
Kandestin, Esq. -- mkandestin@ycst.com -- Young Conaway Stargatt &
Taylor, LLP, Laura Monroe, Perdue, Brandon, Fielder, Collins &
Mott, Michael R. Nestor, Esq. -- mnestor@ycst.com -- Young Conaway
Stargatt & Taylor, Shane M. Reil, Esq. -- sreil@ycst.com -- Young
Conaway, David M. Stern, Esq. -- dstern@ktbslaw.com -- Klee Tuchin
Bogdanoff & Stern LLP, Michael L. Tuchin, Esq. --
mtuchin@ktbslaw.com -- Klee, Tuchin, Bogdanoff & Stern, LLP,
Jonathan M. Weiss, Esq. -- JWeiss@ktbslaw.com -- Klee, Tuchin,
Bogdanoff & Stern LLP.

U.S. Trustee, U.S. Trustee, represented by Juliet M. Sarkessian,
U.S. Trustee's Office.

Prime Clerk, Claims Agent, represented by Benjamin Joseph Steele,
Prime Clerk LLC.

Official Committee of Unsecured Creditors, Creditor Committee,
represented by Justin R. Alberto, Esq. -- jalberto@bayardlaw.com --
Bayard, P.A., Gregory Joseph Flasser, Esq. --
gflasser@bayardlaw.com -- Bayard, P.A., Cathy Hershcopf, Esq. --
chershcopf@cooley.com -- Cooley LLP, Jay R. Indyke, Esq. --
jindyke@cooley.com -- Cooley LLP, Seth Van Aalten, Esq. --
svanaalten@cooley.com -- Cooley LLP.

            About Pacific Sunwear

Founded in 1982 in Newport Beach, California as a surf shop,
Pacific Sunwear of California, Inc. operates in the teen and young
adult retail sector, selling men's and womens apparel, accessories,
and footwear. The Company went public in 1993  (NASDAQ: PSUN), and
peaked with 965 stores in 2006. At present, the Company has
approximately 593 retail locations nationwide under the names
"Pacific Sunwear" and "PacSun," which stores are principally in
mall locations. The Company has 2,000 full-time workers. Through
its ecommerce business, the Company operates an e-commerce site at
http://www.pacsun.com/    

Pacific Sunwear of California, Inc., and two affiliated debtors
each filed a voluntary petition for relief under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No. 16-10882) on
April 7, 2016.  The cases are pending before the Honorable Laurie
Selber Silverstein.

The Debtors sought Chapter 11 protection with a Chapter 11 plan
that would convert debt into equity.

The Debtors tapped Young Conaway Stargatt & Taylor, LLP, and Klee,
Tuchin, Bogdanoff & Stern LLP as attorneys; FTI Consulting, Inc.,
as financial advisor; Guggenheim Securities, LLC, as investment
banker; and Prime Clerk LLC as claims and noticing agent.

Andrew Vara, acting U.S. trustee for Region 3, on April 19
appointed seven creditors of Pacific Sunwear of California, Inc.,
to serve on the official committee of unsecured creditors.  The
official committee of unsecured creditors retained Cooley LLP and
Bayard, P.A. as counsel; and Province Inc. as its financial
advisor.


PAMELA NOEL: Asks Court to Approve Outline of Exit Plan
-------------------------------------------------------
Pamela Noel has filed a motion seeking court approval of the
disclosure statement explaining her proposed plan to exit Chapter
11 protection.

In her motion, the Debtor asked the U.S. Bankruptcy Court for the
Central District of California to approve the outline of the
restructuring plan, which, if granted, would allow her to begin
soliciting votes from creditors.

Under U.S. bankruptcy law, a debtor must get court approval of its
disclosure statement to begin soliciting votes from creditors.  The
document must contain adequate information to enable creditors to
make an informed decision about the bankruptcy plan.

The motion is on Judge Sandra Klein's calendar for September 8.  

The Debtor is represented by:

     Onyinye N. Anyama, Esq.
     Anyama Law Firm
     18000 Studebaker Road, Suite 700
     Cerritos, California 90703
     Tel:(562)467-8942
     Fax: (562)467-8942
     Email: info@anyamalaw.com

                         About Pamela Noel

Pamela Noel sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. C.D. Cal. Case No. 15-17743) on May 14, 2015.  The
case is assigned to Judge Sandra Klein.


PARAGON OFFSHORE: 100% of Lenders, 69% of Bondholders Support Plan
------------------------------------------------------------------
Paragon Offshore plc and certain of its subsidiaries on Aug. 5,
2016, reached an agreement in principle with:

     (i) an ad hoc committee of holders of its 6.75% senior
unsecured notes maturing July 2022 and 7.25% senior unsecured notes
maturing August 2024, and

    (ii) a steering committee of certain of the lenders under the
Company's Senior Secured Revolving Credit Agreement for a proposed
amendment, to be dated as of August 5, 2016, to the Company's plan
support agreement, supporting the Company's revised chapter 11 plan
of reorganization.

On Aug. 10, 2016, the Company received signatures to the PSA
Amendment from holders of 100% of the loans under the Revolving
Credit Agreement. Together with the signatures already received by
the Company from holders of approximately 69% in principle amount
of the Senior Unsecured Notes, the PSA Amendment has accordingly
been executed with effect as of August 5, 2016.

"We're pleased that we've received definitive support for our
Revised Plan," said Randall D. Stilley, President and Chief
Executive Officer of Paragon.  "Our next milestone is to seek
approval of the supplement to our disclosure statement at our
hearing on August 16th before appearing before the court at the end
of September to continue presenting our case.  With the support of
our Bondholders and Revolver Lenders, we remain confident that our
restructuring plan will be approved.  Our goal is to emerge from
chapter 11 quickly as soon as we receive approval and turn our full
attention once more to creating long-term shareholder value."

                   Changes Under the Revised Plan

On August 5, 2016, Paragon filed a Disclosure Statement Supplement,
which includes a downside sensitivity analysis.  The company's 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.

                     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.  

Key differences between the original plan filed on February 12,
2016, and the Revised Plan:

     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   $110 Million       $110 Million
to be maintained at all
times          

Re-introduction of net       1st quarter        1st quarter
leverage ratio and           2018               2019
interest coverage
ratio covenants

Initial maximum net          5.50X              6.35X
leverage ratio
covenant (higher is
better)

Cash to Revolver Lenders     $165 Million $165 Million
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          35%                47%
issued to Bondholders

Common equity to be          65%                53%
retained by existing
shareholders

Approximate shares           135.1 million      165.7 million
outstanding on the
effective date  (based
on 87.9 million shares
as of June 30, 2016)

Contingency payments         2016: $20MM        None
                             2017: $15MM
                                   - $30MM

Bondholder Note payable      None               $60 Million due
2021

Entitled to appoint an       Yes - 1            Yes - 1
additional Paragon
board member?

A copy of the Amendment to Plan Support Agreement is available at
https://is.gd/poI9Bn

A copy of the Amended and Restated Plan is available at
https://goo.gl/zDU3Dh

A copy of the Supplemental Disclosure Statement is available at
https://goo.gl/BPZULa

               Settlement With Noble Corporation

On August 5, 2016, the Company entered into a binding term sheet
with respect to an amendment to the Noble Settlement Agreement.
Noble Corporation has agreed that any amount the Company owes Noble
under the Settlement Agreement in respect of the Mexican Tax
Assessments (including the Company's share of costs and expenses
for contesting such assessments) may be paid in the form of a note
up to an aggregate amount of $5 million.

Under the Revised Plan, the definitive settlement agreement between
Paragon and Noble 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
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%.

A copy of the Noble Settlement Agreement Amendment Term Sheet is
available at https://is.gd/8NwxkS

                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.

                      About Paragon Offshore

Paragon Offshore plc (OTC: PGNPQ) --
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.

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: Posts $25.1M Net Loss for 2nd Quarter 2016
------------------------------------------------------------
Paragon Offshore plc on Aug. 8, 2016, reported consolidated
financial results for the three and six months ended June 30, 2016.


The Company on Aug. 9 filed with the Securities and Exchange
Commission its Form 10-Q Report for the quarterly period ended June
30, 2016.

Paragon reported a second quarter 2016 net loss of $25.1 million,
as compared to second quarter 2015 net income of $47.3 million.

Results for the second quarter of 2015 included a $4.1 million loss
on the sale of an asset and a $1.7 million non-cash impairment
charge related to assets which the company previously announced it
had decided to retire from service.

Excluding these charges, Paragon's adjusted net income for the
second quarter of 2015 was $53.1 million.

Adjusted EBITDA is defined as net income (loss) before taxes, plus
interest expense, depreciation, losses on impairments, foreign
currency losses, and reorganization items, less gains on the sale
of assets, interest income, and foreign currency gains. For the
second quarter of 2016, adjusted EBITDA was $66.0 million, compared
to $115.4 million in the first quarter of 2016.

"Despite the ongoing challenges in the offshore drilling industry,
Paragon's second quarter results reflect our continued focus on
controlling costs and maintaining liquidity," said Randall D.
Stilley, President and Chief Executive Officer. "Utilization of the
fleet declined and we responded quickly by stacking idle assets and
lowering our contract drilling services costs by 19 percent
compared to the first quarter of 2016. We also kept a tight control
over capital expenditures and increased our cash balance to
approximately $890 million, outperforming our expectations."

Total revenues for the second quarter of 2016 were $184.9 million
compared to $265.1 million in the first quarter of 2016.  Paragon
reported that utilization for its marketed rig fleet, which
excludes available days related to rigs that were stacked and not
marketed during the quarter, declined to 38 percent for the second
quarter of 2016 compared to 53 percent for the first quarter of
2016. Average daily revenues remained relatively flat in the second
quarter of 2016 to $135,000 per rig compared to the previous
quarter average of $135,000 per rig. Contract drilling services
costs declined 19 percent in the second quarter of 2016 to $91.6
million compared to $112.7 million in the first quarter of 2016.

General and administrative ("G&A") costs for the second quarter of
2016 totaled $9.8 million compared to $12.2 million for the first
quarter of 2016. Reorganization costs totaled $17.5 million in the
second quarter of 2016 compared to $21.8 million in the first
quarter of 2016.

Net cash from operating activities was $101.8 million in the second
quarter of 2016 as compared to $106.2 million for the first quarter
of 2016. Cash used for capital expenditures in the second quarter
of 2016 totaled $12.0 million. At June 30, 2016, liquidity, defined
as cash and cash equivalents, totaled $889.1 million.

"We expect continued volatility in commodity prices throughout the
remainder of 2016," Mr. Stilley said. "As we search for signs of
increasing activity, we are nevertheless positioning the company
for success by looking at innovative ways to maintain our position
as the high quality, low cost offshore drilling contractor. Of
course, our main efforts are centered around achieving a positive
outcome to our restructuring process which would leave us with a
much improved balance sheet. We expect that process will be
completed in October."

At June 30, 2016, the Company had total assets of $2,285,038,000;
total liabilities of $2,808,944,000; and total shareholders'
deficit of $523,906,000.

A copy of the quarterly report is available at
https://is.gd/xx7fpz

                      About Paragon Offshore

Paragon Offshore plc (OTC: PGNPQ) --
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.

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: 2017-2021 Business Plan Filed
---------------------------------------------
The United States Bankruptcy Court for the Eastern District of
Missouri on May 18, 2016, entered an order approving a
Superpriority Secured Debtor-in-Possession Credit Agreement, dated
April 18, 2016, between Peabody Energy Corporation, as borrower,
Citibank, N.A., as administrative agent and the lender parties
thereto on a final basis.

The Debtors agreed to provide lenders under the DIP Credit
Agreement with comprehensive five-year business plans for their
United States and Australian operations and a five-year
consolidated business plan encompassing the entire enterprise.  

A copy of the 2017-2021 Business Plan provided to certain lenders
under the DIP Credit Agreement is available at
https://is.gd/biWzGH

A copy of Non-GAAP Financial Measures Discussion is available at
https://is.gd/OfZHxY

               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.


PEABODY ENERGY: Has Bonus Plan for Executive Leadership Team
------------------------------------------------------------
Peabody Energy Corporation and its debtor-affiliates on Aug. 3,
2016, filed a motion with the U.S. Bankruptcy Court for the Eastern
District of Missouri seeking an order to approve:

     -- certain rigorous incentive plans for the Company's
        executive leadership team (the "ELT"); and

     -- a modification to the compensation program for the
        independent directors on the Company's board of
        directors.

The ELT is comprised of the Company's six executive officers:

     President and Chief Executive Officer;
     President - Australia;
     President - Americas;
     Executive Vice President and Chief Financial Officer;
     Executive Vice President and Chief Legal Officer,
          Government Affairs and Corporate Secretary; and
     Group Executive Marketing & Trading.

On the Petition Date, one of the motions that the Debtors filed was
the Wage & Benefit Motion, which sought to allow the Debtors to
continue to pay non-ELT employees' prepetition and postpetition
wages, health and welfare benefit and incentive programs, including
the Non-Insider Long Term Incentive Plan and the Non-Insider Short
Term Incentive Plan.  

The Debtors' main reason for seeking approval of the Non-Insider
LTIP and the Non-Insider STIP was to ensure that eligible
non-insider employees are rewarded for their contributions to the
Debtors' operations.  The Bankruptcy Court entered an order
granting in part the Wage & Benefit Motion on April 14, 2016, which
order granted the Debtors' requests except for the Debtors' request
for authority to continue and perform under the Non-Insider LTIP.

On May 17, 2016, the Bankruptcy Court granted final approval of the
Wage & Benefit Motion as to the Non-Insider LTIP.

In addition, to help keep operations stable and retain critical
mid-level managers and other key non-insider employees, the Debtors
also filed a motion with the Bankruptcy Court seeking authority to
pay retention awards to these non-insiders under a key employee
retention plan, which KERP Motion was approved on June 16, 2016.

The Debtors noted that the ELT is not eligible to participate in
the Non-Insider STIP, the Non-Insider LTIP or the KERP.  On August
3, 2016, the Debtors filed the Motion with the Bankruptcy Court
seeking an order approving the key employee incentive plan for the
ELT and the 2016 and 2017 executive leadership short term incentive
plans for the ELT.  The Motion also seeks approval of a
modification of the Directors' compensation.

Prior to the Motion, the Directors were to receive (for 2016)
$240,000 in compensation (plus applicable Chairman or committee
chairperson retainers), consisting of a $110,000 annual cash
retainer, $65,000 in deferred cash, and $65,000 in deferred stock
units that vest monthly. The Motion seeks to reduce this total
compensation to a single $175,000 annual cash retainer (plus
applicable Chairman or committee chairperson retainers) during the
pendency of the Chapter 11 Cases and discontinue the deferred cash
and deferred stock units.

The Incentive Plans are designed to incentivize the ELT to achieve
rigorous performance goals that are critical to the interests of
the Debtors and that will enhance the value of the Debtors' estates
for all stakeholders.  Due to the rigor of the Incentive Plans'
goals, it is possible that ELT members may receive no payment at
all under these Incentive Plans.  Each ELT member's target direct
compensation is expected to decrease compared to his or her
prepetition target compensation level even if the Incentive Plans
are authorized and target performance is achieved (for the ELT as a
whole, by approximately 26%).

               Highlights of the ELT-STIP

The ELT-STIP is a modified version of the Non-Insider STIP, and the
modifications generally increase the level of performance required
to achieve the applicable financial metric to incentivize the ELT
to produce superior results for the Debtors' estates. There are two
performance metrics under the ELT-STIP: (1) achievement of adjusted
earnings before interest, taxes, depreciation, amortization and
restructuring costs ("EBITDAR") targets, which comprises 75% of the
ELT's target award opportunity; and (2) achievement of certain
safety improvement targets, which comprises 25% of the ELT's target
award opportunity.

Each member of the ELT is eligible to earn a target award equal to
80% of annual base salary, or 110% of annual base salary in the
case of the President and Chief Executive Officer, under the
ELT-STIP. Earned awards, if any, will be determined based on the
Company's performance, first for calendar year 2016, and then for
calendar year 2017. In general, performance against the applicable
goals will result in 100% payout for target performance, 150%
payout for maximum performance, 40% payout for threshold
performance, and 0% payout for performance below threshold levels.

                  Highlights of the KEIP

The KEIP is a long-term incentive intended to incentivize the ELT
to drive value for stakeholders during the Chapter 11 Cases, with
the expectation that this performance will maximize value available
to creditors and other stakeholders in the plan of reorganization.
Accordingly, the KEIP is comprised of one performance period
running from the Petition Date through the date that the Debtors
emerge from the Chapter 11 Cases—the effective date of a plan of
reorganization.

Awards, if any, under the KEIP will be determined based on the
level of achievement in each of the following four performance
metric categories:

     (1) Consolidated EBITDAR (Excluding Australia), which
         comprises 30% of the ELT's target award opportunity;

     (2) Australian EBITDAR, which comprises 10% of the
         ELT's target award opportunity;

     (3) Consolidated Cash Flow (Before Restructuring Costs),
         which comprises 40% of the ELT's target award
         opportunity; and

     (4) Environmental Reclamation, which comprises 20% of
         the ELT's target award opportunity.

The majority of the ELT's target award opportunity is tied directly
to financial metrics; however, the Company wanted to also
incentivize the ELT to focus on the Company's commitment to reclaim
mined land in an environmentally responsible manner by improving
the ratio of disturbed land to reclaimed land during the pendency
of the Chapter 11 Cases.

Each member of the ELT has a target award opportunity under the
KEIP equal to a percentage of annual base salary:

     President and Chief Executive Officer (175%);
     President-Australia (125%);
     President-Americas (125%);
     Executive Vice President and Chief Financial
          Officer (150%);
     Executive Vice President and Chief Legal Officer,
          Government Affairs and Corporate Secretary
          (125%); and
     Group Executive Marketing & Trading (100%).

Performance against the applicable goals will result in payouts,
weighted per the applicable metric category, as follows:

     (1) Australian EBITDAR and Consolidated Cash Flow
         (Before Restructuring Costs) goals will result in
         100% payout for target performance, 150% payout for
         maximum performance, 50% payout for threshold
         performance, and 0% payout for performance below
         threshold levels;

     (2) performance against the Consolidated EBITDAR
         (Excluding Australia) goal will result in 100%
         payout for target performance, 150% payout for
         maximum performance, 33% payout for threshold
         performance, and 0% payout for performance below
         threshold level; and

     (3) performance against the Environmental
         Reclamation goal will result in 100% payout
         for target performance, 150% payout for maximum
         performance, 25% payout for threshold
         performance, and 0% payout for performance below
         threshold levels.

           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.


PEABODY ENERGY: Posts $234M Net Loss for 2nd Quarter 2016
---------------------------------------------------------
Peabody Energy Corporation filed with the Securities and Exchange
Commission its Form 10-Q Report for the quarterly period ended June
30, 2016.

Peabody Energy posted a net loss of $233.8 million for the second
quarter 2016, from a net loss of $1,044 million for the same period
in 2015.  Peabody Energy posted a net loss of $398.9 million for
the first half of 2016, from a net loss of $1,217 million for the
same period in 2015.

Total revenues were $1,040 million for the second quarter 2016,
from $1,339 million for the same period in 2015.  Total revenues
were $2,067.4 million for the first half of 2016, from $2,877
million for the same period in 2015.  

At June 30, 2061, Peabody had total assets of $12,065 million,
total liabilities of $11,445 million and accumulated deficit of
$904.0 million.

On April 13, 2016, Peabody and a majority of its wholly owned
domestic subsidiaries as well as one international subsidiary in
Gibraltar, filed voluntary petitions for reorganization under
Chapter 11 of the Bankruptcy Code.  The Company's Australian
Operations and other international subsidiaries are not included in
the filings.

The filings of the Bankruptcy Petitions constituted an event of
default under the Company's prepetition credit agreement as well as
the indentures governing certain of the Company's debt
instruments.

On the Petition Date, the Bankruptcy Court approved several motions
(First Day Motions), including motions (i) authorizing the Debtors
to pay prepetition wages and benefits for its workforce (Employee
Motion), in part, (ii) prohibiting utilities from discontinuing
service and authorizing the Debtors to provide adequate assurance
deposits, (iii) authorizing the Debtors to pay prepetition
obligations to certain critical vendors on an interim basis
(Critical Vendor Motion), (iv) authorizing the Debtors to maintain
their existing cash management system on an interim basis (Cash
Management Motion), (v)  authorizing certain Debtors to continue
selling and contributing receivables and related rights pursuant to
a securitization facility on an interim basis (Securitization
Motion) and (vi) authorizing the Debtors to enter into an $800
million debtor-in-possession financing facility (DIP Credit
Agreement) on an interim basis (DIP Motion).

Pursuant to Section 362 of the Bankruptcy Code, the filing of the
Bankruptcy Petitions automatically stayed most actions against the
Debtors, including actions to collect indebtedness incurred prior
to the Petition Date or to exercise control over the Debtors'
property.  Subject to certain exceptions under the Bankruptcy Code,
the filing of the Debtors' Chapter 11 Cases also automatically
stayed the continuation of most legal proceedings.

The U.S. Trustee for the Eastern District of Missouri filed a
notice appointing an official committee of unsecured creditors (the
Creditors' Committee) on April 29, 2016. The Creditors' Committee
represents all unsecured creditors of the Debtors and has a right
to be heard on all matters that come before the Bankruptcy Court.

On May 17, 2016, the Bankruptcy Court approved various of the First
Day Motions on a final basis, including the Employee Motion,
Critical Vendor Motion, Cash Management Motion, Securitization
Motion and DIP Motion. At the May 17 hearing, the Bankruptcy Court
also approved various motions (i) authorizing the Debtors'
retention of various professionals, (ii) establishing procedures
for the retention of ordinary course professionals, (iii)
establishing procedures for the sale of de minimis assets and (iv)
authorizing the Debtors to consummate the sale of the Debtors'
equity interests in Lively Grove Energy Partners, LLC, a Debtor,
and dismissing Lively Grove Energy Partners, LLC's current chapter
11 case.

On May 20, 2016, the Debtors filed a complaint and request for
declaratory judgment, as required by the terms of the DIP Credit
Agreement, against Citibank, N.A. (in its capacity as
Administrative Agent under the Debtors' prepetition secured credit
agreement), among others, regarding the extent of certain
collateral and secured claims of certain prepetition creditors.

On June 13, 2016, Citibank, N.A. filed an answer and counter-claim
for declaratory judgment.  On June 14, 2016, two motions to
intervene were filed, one from the official Unsecured Creditors
Committee and another from a group of creditors holding $1.65
billion in face value of the Company's Senior Notes. The
intervention motions were granted on July 7, 2016.

On June 15, 2016, the Bankruptcy Court approved several motions,
including motions that (i)  established deadlines for the filing of
certain proofs of claim, approved the form and manner of notice
thereof, and (ii)  established a key employee retention program. At
this hearing, the Bankruptcy Court also approved the Debtors'
retention of various professionals, and the Official Committee of
Unsecured Creditors' retention of various professionals.

On July 20, 2016, the Bankruptcy Court approved several motions,
including motions that (i) granted certain entities limited relief
from the automatic stay; (ii) established procedures governing the
Official Committee of Unsecured Creditors' obligation to provide
information to unsecured creditors; (iii) authorized the retention
of the Debtors' tax advisors; (iv) extended certain time periods,
including the time period in which the Debtors' have the exclusive
right to file a plan of reorganization; (v) authorized the
rejection of certain executory contracts; and (vi) authorized the
payment of certain secured and priority prepetition property
taxes.

On July 26, 2016, the Debtors filed motions to approve settlement
agreements that the Debtors have reached with regulators in
Wyoming, New Mexico and Indiana concerning the Debtors' reclamation
bonding in those states. On  August 3, 2016, the Debtors filed
additional motions, including (i) a motion for approval of (a) a
key employee incentive plan, (b) an executive leadership team
short-term incentive plan and (c) modifications to the current
director compensation program; and (ii) a motion to extend (a) the
period during which the Debtors have the exclusive right to file a
plan of reorganization through and including November 9, 2016 and
(b) the period during which the Debtors have the exclusive right to
solicit acceptances thereof through and including January 9, 2017.
These motions are scheduled to be heard at a hearing before the
Bankruptcy Court on August 17, 2016.

As a result of the Bankruptcy Petitions, the realization of the
Debtors' assets and the satisfaction of liabilities are subject to
significant uncertainty. For the Debtors to emerge successfully
from Chapter 11, they must obtain the Bankruptcy Court's approval
of a plan of reorganization, which will enable them to transition
from Chapter 11 into ordinary course operations as reorganized
entities outside of bankruptcy. A plan of reorganization determines
the rights and treatment of claims of various creditors and equity
security holders, and is subject to the ultimate outcome of
negotiations and Bankruptcy Court decisions ongoing through the
date on which the plan of reorganization is confirmed.

The Debtors intend to propose a plan of reorganization on or prior
to the applicable date required under the Bankruptcy Code and in
accordance with milestones set forth in the DIP Credit Agreement.
The Debtors presently expect that any proposed plan of
reorganization will provide, among other things, for mechanisms for
the settlement of claims against the Debtors' estates, treatment of
the Debtors' existing equity and debt holders, and certain
corporate governance and administrative matters pertaining to the
reorganized Debtors. A proposed plan of reorganization filed with
the Bankruptcy Court likely will incorporate provisions arising out
of the Debtors' discussions with their creditors and other
interested parties, and likely will be further revised thereafter.
There can be no assurance that the Debtors will be able to secure
approval for their proposed plan of reorganization from the
Bankruptcy Court or execute its restructuring plan. Further, a plan
of reorganization is likely to materially change the amounts and
classifications of assets and liabilities reported in the Company's
condensed consolidated financial statements.

The Company believes it will require a significant restructuring of
its balance sheet in order to continue as a going concern in the
long term. The Company's ability to continue as a going concern is
dependent upon, among other things, its ability to become
profitable and maintain profitability, its ability to access
sufficient liquidity and its ability to successfully implement its
Chapter 11 plan of reorganization.

A copy of the Quarterly Report is available at
https://goo.gl/jz33dD

           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.


PEAK WEB: Court OKs Cash Collateral Use on a Final Basis
--------------------------------------------------------
Judge Peter C. McKittrick of the U.S. Bankruptcy Court for the
District of Oregon authorized Peak Web LLC to use Bank of the
West's cash collateral on a final basis.

The approved Budget forecasts expenses for the months of August
2016 through December 2016.  The Budget provides for total
operating expenses in the amount of $1,005,793 for August;
$1,020,244 for September; $1,090,193 for October; $974,793 for
November; and $1,041,244 for December.

The Debtor's authority to use cash collateral will automatically
expire upon the earlier of:

     (a) the Effective Date of a confirmed Plan of Reorganization;
or

     (b) a Court Order terminating the use of cash collateral based
on a motion brought by Bank of the West for failure by the Debtor
to comply with any provision of the Final Order, which failure is
not remedied within five business days after delivery of notice of
such failure by Bank of the West to the Debtor.

Bank of the West was granted adequate protection in the form of a
perfected lien to secure an amount of Bank of the West's
prepetition secured claims equal to the extent of any diminution in
value of Bank of the West's prepetition collateral by reason of the
use of cash collateral.  The Replacement Lien will attach to all
property and assets of the Debtor and its estate.

The Debtor was directed to continue making monthly adequate
protection payments to Bank of the West in the amount of $9,861.

A full-text copy of the Final Order, dated August 4, 2016, is
available at https://is.gd/AzzmxZ

                     About Peak Web

Headquartered in Oregon, Peak Web, LLC, doing business as Peak
Hosting, is a managed-service company that provides the servers,
storage, network, datacenter, and staff for some of the largest
online businesses.  Peak's operations and engineering teams
currently support 26 customers in industries spanning online and
mobile gaming, finance, real estate, consulting, and big data
companies. Peak has 50% of its data center pre-built and ready for
new customers.  This equates to about 100 racks of space, which can
accommodate approximately 2,000 additional servers for the
expansion of new and existing customers.

Peak Web sought Chapter 11 creditor protection (Bankr. D. Ore. Case
No. 16-32311) on June 13, 2016.  The petition was signed by Jeffrey
E. Papen as CEO.  The case is assigned to Judge Peter C McKittrick.


The Debtor estimated assets in the range of $100 million to $500
million and liabilities of up to $100 million.  The Debtor has
engaged Tonkon Torp LLP as counsel, Cascade Capital Group, LLC as
consultant and Susman Godfrey LLP and Ropers Majeski Kohn Bentley
PC as its litigation counsel.

The Official Committee of Unsecured Creditors of Peak Web LLC
retained Ball Janik LLP as counsel.


PEP BOYS MANNY MOE: Egan-Jones Withdraws 'B/BB-' Unsec. Ratings
---------------------------------------------------------------
Egan-Jones Ratings Company withdrew the B foreign currency senior
unsecured debt rating and BB- local currency senior unsecured debt
rating on The Pep Boys-Manny Moe & Jack on July 27, 2016.

The Pep Boys: Manny, Moe & Jack, (branded and commonly abbreviated
as Pep Boys) is a full-service and tire automotive aftermarket
chain.


PETROLEX MANAGEMENT: Final Hearing Set on Aug. 25
-------------------------------------------------
Judge Christopher J. Panos of the U.S. Bankruptcy Court for the
District of Massachusetts scheduled the final hearing on Petrolex
Management, LLC's Cash Collateral Motion on Aug. 25, 2016 at 11:30
a.m.

The deadline for the filing of objections to the Debtor's Motion is
set on Aug. 24, 2016 at 12:00 p.m.

Judge Panos ordered that any amendments to the Budget and the
proposed Order must be filed by Aug. 22, 2016 at 4:30 p.m.

A full-text copy of the Order, dated August 4, 2016, is available
at https://is.gd/gkHmIL

                     About Petrolex Management

Petrolex Management, LLC filed a chapter 11 petition (Bankr. D.
Mass. Case No. 16-41322) on July 27, 2016.  The petition was signed
by Samer Biloune and Imad Massabni, managers. The Debtor is
represented by Gary M. Hogan, Esq., at Baker, Braverman &
Barbadoro, P.C.  The case is assigned to Judge Christopher J.
Panos.  The Debtor estimated assets and liabilities at $1 million
and $10 million at the time of the filing.


PHOTOMEDEX INC: Incurs $2.4 Million Net Loss in Second Quarter
--------------------------------------------------------------
Photomedex, Inc., filed with the Securities and Exchange Commission
its quarterly report on Form 10-Q disclosing a net loss of $2.36
million on $11.24 million of revenues for the three months ended
June 30, 2016, compared to net income of $6.06 million on $19.9
million of revenues for the three months ended June 30, 2015.

For the six months ended June 30, 2016, the Company reported a net
loss of $7.23 million on $22.5 million of revenues compared to a
net loss of $3.95 million on $40.6 million of revenues for the same
period last year.

As of June 30, 2016, Photomedex had $28.2 million in total assets,
$22.6 million in total liabilities and $5.56 million in total
stockholders' equity.

As of June 30, 2016, the Company had an accumulated deficit of $110
million.  To date, the Company has dedicated most of its financial
resources to sales and marketing, general and administrative
expenses and research and development.

Cash and cash equivalents as of June 30, 2016 were $1.70 million,
including restricted cash of $606,000.  The Company has
historically financed its activities with cash from operations, the
private placement of equity and debt securities, borrowings under
lines of credit and in the most recent periods with sale of certain
assets and business units.

"The Company will be required to obtain additional liquidity
resources in order to support its operations.  The Company is
addressing its liquidity needs by seeking additional funding from
lenders as well as selling certain of its product lines to a third
party.  There are no assurances, however, that the Company will be
able to obtain an adequate level of financial resources required
for the short and long-term support of its operations.  In light of
the Company's recent operating losses and negative cash flows, the
termination of the pending merger agreement ... and the uncertainty
of completing further sales of its product lines, there is no
assurance that the Company will be able to continue as a going
concern," the Company said in the report.

The Company's quarterly report on Form 10-Q is available from the
SEC website at https://is.gd/AJIjKw

                       About PhotoMedex

PhotoMedex, Inc., is a global health products and services company
providing integrated disease management and aesthetic solutions to
dermatologists, professional aestheticians, ophthalmologists,
optometrists, consumers and patients.  The Company provides
proprietary products and services that address skin conditions
including psoriasis, vitiligo, acne, actinic keratosis, photo
damage and unwanted hair, as well as fixed-site laser vision
correction services at our LasikPlus(R) vision centers.

PhotoMedex and its subsidiaries has entered into a second
amended and restated forbearance agreement with the lenders that
are parties to the credit agreement dated May 12, 2014, and with JP
Morgan Chase, as administrative agent for the Lenders pursuant to
which the Lender have agreed to forbear from exercising their
rights and remedies with respect to certain events of default from
Aug. 25, 2014, until April 1, 2016, or earlier if an event of
default occurs, according to a document filed with the Securities
and Exchange Commission in March 2015.

Photomedex reported a net loss of $34.6 million on $75.9 million of
revenues for the year ended Dec. 31, 2015, compared to a net loss
of $121 million on $133 million of revenues for the year ended Dec.
31, 2014.


PIERCE ELEVATOR: Court to Take Up Plan Approval on Sept. 12
-----------------------------------------------------------
A U.S. bankruptcy court will consider approval of the Chapter 11
plan of Pierce Elevator, Inc., at a hearing on September 12.

The U.S. Bankruptcy Court for the District of Nebraska will hold
the hearing at 9:00 a.m., at the Roman L. Hruska Courthouse,
Bankruptcy Courtroom 8, 2nd Floor, 111 South 18th Plaza, Omaha,
Nebraska.

The court will also consider at the hearing the final approval of
Pierce Elevator's disclosure statement, which it conditionally
approved on August 4.

The court order set a September 6 deadline for creditors to cast
their votes and file their objections.

                      About Pierce Elevator

Pierce Elevator, Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Neb. Case No. 16-80151) on February 5,
2016.  The petition was signed by Brian Bargstadt, president.  

The case is assigned to Judge Thomas L. Saladino.

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


PILGRIM'S PRIDE: S&P Lowers CCR to 'BB'; Outlook Stable
-------------------------------------------------------
S&P Global Ratings said that it lowered its corporate credit rating
on Pilgrim's Pride Corp. to 'BB' from 'BB+'.  The rating outlook is
stable.

At the same time, S&P lowered its issue-level ratings on the
company's $700 million revolving credit facility and $1 billion
first-lien term loan due 2020 to 'BBB-' from 'BBB'.  The '1'
recovery ratings are unchanged, indicating S&P's expectation for
very high recovery (90%-100%) of principal in the event of a
payment default.

S&P also lowered its issue-level rating on the company's senior
unsecured notes due 2025 to 'BB' from 'BB+'.  The '3' recovery
rating is unchanged, indicating S&P's expectation for meaningful
recovery (50%-70%; upper half of the range) of principal in the
event of a payment default.

S&P estimates that Pilgrim's Pride had about $1.1 billion in
reported debt outstanding as of June 26, 2016.

"The rating actions on Pilgrim's Pride follow the downgrade of its
parent company, Brazilian protein processor JBS S.A., due to
deteriorating operations in the company's poultry and cattle
segments, and the costs to liquidate all of its derivative
positions," said S&P Global Ratings' credit analyst Jessica Paige.


S&P considers Pilgrim's Pride a highly strategic subsidiary of JBS,
based on S&P's criteria.  S&P don't believe Pilgrim's Pride
corporate credit rating should be higher than JBS' because S&P
believes JBS could continue to take large dividend payments from
the company as it has done in each of the past two years. Moreover,
JBS' cash position declined significantly to
$1.5 billion in the second quarter of 2016 from $15 billion in the
first quarter of 2016, partly due to working capital needs and the
cost to liquidate its derivative positions.  Therefore, S&P
believes there is a high likelihood of Pilgrim's Pride making large
dividends to the parent because JBS' liquidity position is reduced.
As such, S&P caps its corporate credit rating on Pilgrim's Pride
at 'BB'.  The cap also reflects JBS' majority ownership of
Pilgrim's Pride and S&P's view that Pilgrim's Pride is a highly
strategic subsidiary.

The stable rating outlook on Pilgrim's Pride reflects the stable
rating outlook on its parent, JBS, and S&P's view that Pilgrim's
Pride will remain a highly strategic subsidiary of JBS, with a
credit profile that cannot be higher than its parent, based on
S&P's criteria.

S&P's current one-notch downgrade of Pilgrim's Pride follows JBS'
recent downgrade due to lackluster second-quarter 2016 performance
and a weakened liquidity position.  S&P could downgrade Pilgrim's
Pride further if the company's operating performance weakens
unexpectedly or if its debt to EBITDA approaches or exceeds 3.5x on
a sustained basis.  S&P believes this could occur if corn costs
return to about $7 per bushel or higher and the company cannot
raise prices high enough to offset the higher feed costs, or if the
company pursues a debt-financed acquisition or another leveraged
dividend.

S&P could upgrade Pilgrim's Pride if S&P raises its corporate
credit rating on JBS, if S&P continues to view Pilgrim's Pride as a
highly strategic subsidiary, and if the company maintains debt to
EBITDA near or below 2x.  S&P could upgrade JBS if it improves the
performance of its relevant businesses and adds liquidity cushion.
Under this scenario, JBS' beef margin would approach 5% and Seara's
12%, while the company gradually extends its debt maturities, so
its cash sources over cash uses exceed 1.2x.


PLANDAI BIOTECHNOLOGY: Incurs $750,000 Net Loss in Dec. 31 Quarter
------------------------------------------------------------------
Plandai Biotechnology, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $750,269 on $50,553 of revenues for the three months ended
Dec. 31, 2015, compared to a net loss of $1.29 million on $67,101
of revenues for the three months ended Dec. 31, 2014.

For the six months ended June 30, 2016, the Company reported a net
loss of $1.92 million on $91,473 of revenues compared to a net loss
of $1.86 million on $153,452 of revenues for the six months ended
Dec. 31, 2014.

As of Dec. 31, 2015, Plandai had $6.37 million in total assets,
$15.8 million in total liabilities and a stockholders' deficit of
$9.47 million.

For the six months ended Dec. 31, 2015, the Company used cash in
operating activities totaling $483,003, which was primarily
attributable to a loss from operations of $1.93 million offset
against several non-cash expense items such as depreciation of
$277,367, stock issued for services of $106,000, deferred lease
obligation of $176,271, and interest expense of $382,115 which was
added to the loan balance.  Additionally, the loss was offset by
changes in assets and liabilities including a decrease in prepaid
and other current assets of $131,954, an increase in accounts
payable and accrued liabilities of $214,104, an increase in
inventory of $50,047 and an increase in accrued interest of
$203,638.  Cash used in investing activities was $9,513, which
consisted of the purchase of fixed assets.  Cash provided by
financing activities was $475,371 generated by third party loans of
$400,000, the issuance of $50,000 in convertible debt, and the sale
of common stock of $187,700, offset by the repayment of long-term
debt of $162,329.

As of Dec. 31, 2015, the Company had current assets of $173,514
compared to current liabilities of $14,379,265.  Current
liabilities include accounts payable and accrued liabilities of
$467,137, and accrued interest of $492,250.  Included in current
liabilities is $13,334,576 in notes payable, of which $4,694,576 is
long-term debt that has been reclassified as current due to the
Company being out of compliance with certain loan covenants.

"The Company's long-term existence is dependent upon our ability to
execute our operating plan and to obtain additional debt or equity
financing to fund payment of obligations and provide working
capital for operations.  In April 2012, the Company through
majority-owned subsidiaries of Dunn Roman Holdings Africa (Pty)
Limited, executed final loan documents on a 100 million Rand
(approx. $6.5 million at current rate of exchange) financing with
the Land and Agriculture Bank of South Africa and began
rehabilitating the Senteeko Tea Estate so that it can begin
producing up to 20 metric tons of tea leaf per day commencing with
the September 2015 growing season.  The Company has also completed
construction of the factory and associated equipment necessary to
begin the extraction process on live botanical matter, including
green tea and citrus, with the factory becoming operational in
December 2014.  The facility commenced processing green tea
material for its Phytofare Catechin Complex in January 2015 and
sales commenced in May 2015.  In addition, the Company borrowed
$6,900,000 from an unrelated third party and sold shares of
restricted common stock to raise operating capital.  Management
anticipates that, over the coming several months, the Company will
continue to need additional investment in the form of either debt
or proceeds from the sale of stock until such time as it can
generate sufficient cash flow from the sale of its products," the
Company stated in the report.

The Company's quarterly report on Form 10-Q is available from the
SEC website at https://is.gd/n6oeyV

                        About Plandai

Based in Goodyear, Arizona, Plandai Biotechnology, Inc., through
its recent acquisition of Global Energy Solutions, Ltd., and its
subsidiaries, focuses on the farming of whole fruits, vegetables
and live plant material and the production of proprietary
functional foods and botanical extracts for the health and
wellness industry.  Its principle holdings consist of land, farms
and infrastructure in South Africa.

Plandai reported a net loss of $10.07 million on $92,898 of
revenues for the year ended June 30, 2015, compared to a net loss
of $16.04 million on $265,735 of revenues for the year ended June
30, 2014.

Pritchett, Siler & Hardy P.C., in Farmington, Utah, issued a "going
concern" qualification on the consolidated financial statements for
the year ended June 30, 2015, citing that the Company Company
suffered a loss from operations during the years ended June 30,
2015 and 2014, has yet to establish a reliable, consistent and
proven source of revenue to meet its operating costs on an ongoing
basis and currently does not have sufficient available funding to
fully implement its business plan.  These factors raise substantial
doubt about its ability to continue as a going concern.


POSITIVEID CORP: Incurs $1.94 Million Net Loss in Second Quarter
----------------------------------------------------------------
PositiveID Corporation filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
attributable to common stockholders of $1.94 million on $1.84
million of revenue for the three months ended June 30, 2016,
compared to a net loss attributable to common stockholders of $2.95
million on $51,000 of revenue for the three months ended June 30,
2015.

For the six months ended June 30, 2016, the Company reported a net
loss attributable to common stockholders of $5.90 million on $3.51
million of revenue compared to a net loss attributable to common
stockholders of $6.84 million on $182,000 of revenue for the six
months ended June 30, 2015.

As of June 30, 2016, PositiveID had $2.85 million in total assets,
$16.2 million in total liabilities and a stockholders' deficit of
$13.35 million.

As of June 30, 2016, cash totaled $192,000 compared to cash of
$173,000 at Dec. 31, 2015.

As of June 30, 2016, the Company had a working capital deficiency
of approximately $12 million and an accumulated deficit of
approximately $150 million, compared to a working capital deficit
of approximately $10.7 million and an accumulated deficit of
approximately $144 million as of Dec. 31, 2015.  The decrease in
working capital was primarily due to operating losses for the
period, offset by cash received from capital raised through
convertible debt financings, that was spent on operations.

"We have incurred operating losses since our inception.  The
current operating losses are the result of research and development
expenditures, selling, and general and administrative expenses
related to our projects and products.  We expect our operating
losses to continue through at least the next 12 months. These
conditions raise substantial doubt about our ability to continue as
a going concern.

"Our ability to continue as a going concern is dependent upon our
ability to obtain financing to fund the continued development of
our products and to support working capital requirements.  Until we
are able to achieve operating profits, we will continue to seek to
access the capital markets.

"During 2016, we will need to raise additional capital, including
capital not currently available under our current financing
agreements, in order to execute our business plan.

"The Company intends to continue to access capital to provide funds
to meet its working capital requirements for the near-term future.
In addition, and if necessary, the Company could reduce and/or
delay certain discretionary research, development and related
activities and costs.  However, there can be no assurances that the
Company will be able to negotiate additional sources of equity or
credit for its long term capital needs.  The Company's inability to
have continuous access to such financing at reasonable costs could
materially and adversely impact its financial condition, results of
operations and cash flows, and result in significant dilution to
the Company's existing stockholders," the Company stated in the
report.

The Company's quarterly report on Form 10-Q is available from the
SEC website at https://is.gd/Y2IbTB

                        About PositiveID

Delray Beach, Fla.-based PositiveID Corporation has historically
developed, marketed and sold RFID systems used for the
identification of people in the healthcare market.  Beginning in
early 2011, the Company has focused its strategy on the growth of
its HealthID business, including the continued development of its
GlucoChip, its Easy Check breath glucose detection device, its
iglucose wireless communication system, and potential strategic
acquisition opportunities of businesses that are complementary to
its HealthID business.

PositiveID reported a net loss attributable to common stockholders
of $11.5 million on $2.94 million of revenues for the year ended
Dec. 31, 2015, compared with a net loss attributable to common
stockholders of $8.22 million on $945,000 of revenues for the year
ended Dec. 31, 2014.

Salberg & Company, P.A., in Boca Raton, Florida, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the Company reported a
net loss, and used cash for operating activities of approximately
$11,404,000 and $4,507,000 respectively, in 2015.  At Dec. 31,
2015, the Company had a working capital deficiency, a stockholders'
deficit and an accumulated deficit of approximately $10,694,000,
$11,842,000 and $144,161,000 respectively.  These matters raise
substantial doubt about the Company's ability to continue as a
going concern.


POST EAST: Wants to Use Connect REO Cash on Final Basis
-------------------------------------------------------
Post East, LLC, asks the U.S. Bankruptcy Court for the District of
Connecticut for authorization to use cash collateral on a final
basis.

The Debtor owns real estate at 740-748 Post Road East, Westport,
Connecticut.  The Property is commercial real estate which
presently has seven leased spaces.

The Debtor relates that Connect REO, LLC may assert an interest
secured by leases and their proceeds, which proceeds may constitute
cash collateral.  The Debtor further relates that Connect REO's
claims total approximately $1,043,000, and that Connect REO also
asserts its interest, fees and costs that are, in part, subject to
dispute.

The Debtor tells the Court that unless it is authorized to use cash
collateral it will be unable to pay essential operating expenses
necessary to the Debtor's ongoing business.  The Debtor further
tells the Court that without authorization to use cash collateral
it will immediately cease its operations and put retention of
Debtor’s tenants at risk.

The Debtor's proposed Budget covers period from August 1, 2016,
through September 30, 2016.  It provides for total expenses in the
amount of $20,382.

The Debtor proposes to provide Connect REO with its respective lien
rights on any post-petition rentals and leases to the same extent
and in the same priority as existed as of the Petition Date.

A full-text copy of the Debtor's Motion, dated August 4, 2016, is
available at https://is.gd/4L8VeW

A full-text copy of the Debtor's Projection, dated August 4, 2016,
is available at https://is.gd/0NQ5HD

                       About Post East

Headquartered in Westport, Connecticut, Post East, LLC, filed for
Chapter 11 bankruptcy protection (Bankr. D. Conn. Case No.
16-50848) on June 27, 2016, estimating its assets and liabilities
at between $1 million and $10 million each.  The petition was
signed by Michael F. Calise, member.

Carl T. Gulliver, Esq., at Coan Lewendon Gulliver & Miltenberger
LLC serves as the Debtor's bankruptcy counsel.


PREMIER WELLNESS: Wants Authorization to Use Cash Collateral
------------------------------------------------------------
Premier Wellness Centers LLC asks the U.S. Bankruptcy Court for the
Southern District of Florida for authorization to use cash
collateral.

The Debtor was previously granted the use of cash collateral
through Aug. 31, 2016.

JPMorgan Chase Bank asserts that it has a valid, perfected, first
priority lien on all of the Debtor's personal property, securing
aggregate indebtedness of at approximately $308,232.

Fundation Group, LLC assets that it has a valid, perfected,
second-priority blanket lien on all of the Debtor's personal
property.

The Debtor relates JPMorgan Chase and Fundation Group's security
interests render the Debtor's cash and receivables collateral.  The
Debtor further relates that it requires use and access to the funds
for its on-going business operations.

The Debtor's proposed Budget covers the months of September 2016
through November 2016.  The Budget provides for total expenses in
the amount of $69,645 for September; $68,585 for October; and
$67,173 for November.

A full-text copy of the Order, dated August 4, 2016, is available
at https://is.gd/iatYMc

A full-text copy of the approved Budget, dated August 4, 2016, is
available at https://is.gd/NMn3TY

JPMorgan Chase Bank is represented by:

          Dennis LeVine, Esq.
          KELLY KRONENBERG ATTORNEYS AT LAW
          1511 N. Westshore Blvd., Suite 400
          Tampa, FL 33607-4596

Fundation Group, LLC can be reached at:

          FUNDATION GROUP, LLC
          Attn: Sam Hu, Head of Compliance
          11501 Sunset Hills Road, Suite 250
          Reston, VA 20190

               About Premier Wellness Centers, Inc.

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.


PRIME GLOBAL: Amends 2010 Report on Common Shares Sale Transaction
------------------------------------------------------------------
Prime Global Capital Group Incorporated filed an Amendment No. 1 to
Form 8-K amends Item 1.01 of its Current Report on Form 8-K filed
with the Securities and Exchange Commission on Nov. 15, 2010.  The
amendment was filed to revise its disclosures regarding the sale of
its common stock to include the names of the purchasers and the
amount of shares purchased thereby.

On Nov. 15, 2010, Prime Global Capital (formerly Home Touch Holding
Company) consummated the sale to 18 accredited investors of an
aggregate of 80,000,000 shares of its common stock, par value
$0.001, at a per share price of $0.01, or $800,000 in the
aggregate, in accordance with the terms and conditions of certain
subscription agreements made with such investors.  The Subscription
Agreements contain terms and conditions that are normal and
customary for a transaction of this type.  The Company expects to
receive net proceeds of approximately $795,000 from the sale of the
Shares and will use the net proceeds for general corporate
purposes.  The Shares were sold pursuant to the exemption provided
by Section 4(2) of the Securities Act of 1933, as amended and
Regulation D promulgated thereunder.

A list of the 18 investors is available for free at:

                    https://is.gd/ZwUwgS

                     About Prime Global

Kuala Lumpur, Malaysia-based Prime Global Capital Group operated in
the following three business segments during fiscal year 2014: (i)
software business (the provision of IT consulting, programming and
website development services); (ii) plantation business (including
oilseeds and castor seeds business); and (iii) its real estate
business.  In the fourth quarter of fiscal 2014, the Company
discontinued its castor seeds business in China, and in December
2014 it discontinued the software business (the provision of IT
consulting, programming and website services) in Malaysia. As a
result, the Company no longer conduct business operations in China
and anticipate winding down or otherwise selling its interests in
the following entities: Power Green Investments Limited; Max Trend
International Limited and Shenzhen Max Trend Green Energy Co Ltd.

Prime Global reported a net loss US$1.59 million for the year ended
Oct. 31, 2015, compared to a net loss of US$1.33 million for the
year ended Oct. 31, 2014.

As of April 30, 2016, the Company had US$50.6 million in total
assets, US$19.4 million in total liabilities and US$31.1 million in
total equity.

Crowe Horwath (HK) CPA Limited, in Hong Kong, China, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Oct. 31, 2015, citing that the
Company has a working capital deficiency, accumulated deficit from
recurring net losses and significant short-term debt obligations
maturing in less than one year as of Oct. 31, 2015.  All these
factors raise substantial doubt about its ability to continue as a
going concern.


PRIME GLOBAL: Amends 2011 Report on Common Shares Sale Transaction
------------------------------------------------------------------
Prime Global Capital Group Incorporated filed an amendment to its
Current Report on Form 8-K filed with the Securities and Exchange
Commission on Feb. 9, 2011, to revise its disclosures regarding the
sale of its common stock to include the names of the purchasers and
the amount of shares purchased thereby.

On Feb. 8, 2011, Prime Global Capital consummated the sale to 19 of
our of existing accredited stockholders of an aggregate of
400,000,000 shares of its common stock, par value $0.001, at a per
share price of $0.01, or $4,000,000 in the aggregate, in accordance
with the terms and conditions of certain subscription agreements
made with such stockholders.  Weng Kung Wong, the Company's chief
executive officer and director, participated in the transaction and
purchased 32,300,000 shares of the Company's common stock on the
same terms and conditions as the other stockholders.  The
Subscription Agreements contain terms and conditions that are
normal and customary for a transaction of this type.  The Company
expects to receive net proceeds of approximately $3,989,000 from
the sale of the Shares and will use the net proceeds for general
corporate purposes.  The Shares were sold pursuant to the exemption
provided by Section 4(2) of the Securities Act of 1933, as amended
and Regulation D promulgated thereunder.

A list of the 19 investors is available for free at:

                       https://is.gd/QvxOe5

                        About Prime Global

Kuala Lumpur, Malaysia-based Prime Global Capital Group operated in
the following three business segments during fiscal year 2014: (i)
software business (the provision of IT consulting, programming and
website development services); (ii) plantation business (including
oilseeds and castor seeds business); and (iii) its real estate
business.  In the fourth quarter of fiscal 2014, the Company
discontinued its castor seeds business in China, and in December
2014 it discontinued the software business (the provision of IT
consulting, programming and website services) in Malaysia. As a
result, the Company no longer conduct business operations in China
and anticipate winding down or otherwise selling its interests in
the following entities: Power Green Investments Limited; Max Trend
International Limited and Shenzhen Max Trend Green Energy Co Ltd.

Prime Global reported a net loss US$1.59 million for the year ended
Oct. 31, 2015, compared to a net loss of US$1.33 million for the
year ended Oct. 31, 2014.

As of April 30, 2016, the Company had US$50.6 million in total
assets, US$19.4 million in total liabilities and US$31.1 million in
total equity.

Crowe Horwath (HK) CPA Limited, in Hong Kong, China, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Oct. 31, 2015, citing that the
Company has a working capital deficiency, accumulated deficit from
recurring net losses and significant short-term debt obligations
maturing in less than one year as of Oct. 31, 2015.  All these
factors raise substantial doubt about its ability to continue as a
going concern.


PURADYN FILTER: Incurs $307,000 Net Loss in Second Quarter
----------------------------------------------------------
Puradyn Filter Technologies Incorporated filed with the Securities
and Exchange Commission its quarterly report on Form 10-Q
disclosing a net loss of $306,913 on $578,688 of net sales for the
three months ended June 30, 2016, compared to a net loss of
$322,159 on $519,700 of net sales for the same period in 2015.

For the six months ended June 30, 2016, the Company reported a net
loss of $721,970 on $1.01 million of net sales compared to a net
loss of $588,142 on $1.22 million of net sales for the six months
ended June 30, 2015.

As of June 30, 2015, Puradyn had $1.56 million in total assets,
$14.73 million in total liabilities and a total stockholders'
deficit of $13.17 million.

Kevin G. Kroger, president and COO, noted, "Sales of our product
line showed an increase in the second quarter of 2016 but they were
not as strong as hoped.  However, with oil prices stabilizing, oil
drilling rig count on the increase since late May 2016, and the
contribution of DNOW toward our continued efforts to introduce our
product to the industry worldwide, we remain cautiously optimistic
regarding our continued growth through the remainder of 2016."

The Company's quarterly report on Form 10-Q is available from the
SEC website at https://is.gd/NhuhOJ

                      About Puradyn Filter

Boynton Beach, Fla.-based Puradyn Filter Technologies Incorporated
(OTC BB: PFTI) designs, manufactures and markets the puraDYN's Oil
Filtration System.

Puradyn reported a net loss of $1.44 million on $1.97 million of
net sales for the year ended Dec. 31, 2015, compared to a net loss
of $1.15 million on $3.11 million of net sales for the year ended
Dec. 31, 2014.

Liggett & Webb, P.A., in Boynton Beach, Florida, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the Company has
experienced net losses since inception and negative cash flows from
operations and has relied on loans from related parties to fund its
operations.  These factors raise substantial doubt about the
Company's ability to continue as a going concern.


QUALITY FLOAT: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Quality Float Works, Inc.
        1382 Payne Road
        Schaumburg, IL 60173

Case No.: 16-25753

Chapter 11 Petition Date: August 11, 2016

Court: United States Bankruptcy Court
       Northern District of Illinois (Chicago)

Judge: Hon. Deborah L. Thorne

Debtor's Counsel: Robert R Benjamin, Esq.
                  GOLAN & CHRISTIE, LLP
                  70 West Madison Street, Suite 1500
                  Chicago, IL 60602
                  Tel: 312-263-2300
                  Fax: 312-263-0939
                  E-mail: rrbenjamin@golanchristie.com

Total Assets: $481,533

Total Liabilities: $1.32 million

The petition was signed by Jason Speer, president.

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/ilnb16-25753.pdf


QWEST CORP: Moody's Assigns Ba1 Rating to New 2056 Unsec. Notes
---------------------------------------------------------------
Moody's Investors Service has assigned a Ba1 rating to Qwest
Corporation's proposed offering of senior unsecured notes due 2056.
The proceeds from the note offering, together with available cash,
will be used to redeem all or a portion of the $661.25 million
Qwest Corporation Notes due June 1, 2051, including accrued and
unpaid interest on such notes called for redemption. The company
anticipates using any remainder of these net proceeds for
additional debt repayments or other general corporate purposes.
Moody's assumes this transaction will result in modest interest
savings and be approximately neutral to leverage. The company's
other ratings and stable outlook remain unchanged.

Moody's has taken the following rating action:

   Qwest Corporation

   -- New Senior Unsecured Notes due 2056: Assigned Ba1 (LGD3)

RATINGS RATIONALE

CenturyLink, Inc.'s Ba2 Corporate Family Rating reflects the
company's predictable cash flows, its broad base of operations, and
a still strong market position, especially in its fiber-enabled
large markets. These positives are offset by the challenges the
company faces in reversing the downward pressure on revenues and
EBITDA margins due to competitive forces and secular changes in the
industry. Management's growing tolerance for higher leverage as
evidenced by its recent preference to use the vast majority of its
excess cash flow for share repurchases also weighs on the rating.
Consequently, credit protection measurements (i.e. debt to EBITDA)
are expected to trend towards 3.6x (Moody's adjusted) by FYE2016
and potentially increase thereafter if cash taxes rise
meaningfully, as currently expected.

The stable outlook reflects our belief that CenturyLink will remain
in the 3.6x -- 3.75x range of leverage (Moody's adjusted) amidst
declines in revenue and EBITDA margins as lower-margin strategic
revenue replaces higher-margin legacy revenue.

Moody's could upgrade CenturyLink's ratings if leverage (Moody's
adjusted) were to be sustained below 3.4x and free cash flow to
debt were in the high single digits. “More importantly, we would
need evidence that management is committed to a more conservative
financial policy.” Moody’s said.

Moody's could downgrade the ratings further if leverage (Moody's
adjusted) were to exceed 3.8x or free cash flow turned negative on
a sustained basis, or if capital investment were reduced to levels
that would weaken the company's competitive position.

The principal methodology used in this rating was Global
Telecommunications Industry published in December 2010.


RANDALL MERLE DICK: Court to Take Up Exit Plan on Oct. 4
--------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of Texas will
consider approval of the Chapter 11 plan of reorganization of
Randall Merle and Teresa Lynn Dick at a hearing on October 4.

The hearing will be held at 9:30 a.m., at the U.S. Bankruptcy
Court, 660 North Central Expressway, Plano, Texas.

The Debtors on July 28 filed a restructuring plan that will set
aside $70,000 to pay Class 3 unsecured claims.  These claims total
$686,372.

Unsecured creditors will receive a pro rata share of $70,000 to be
paid over 49 months in semi-annual distributions.  The first
payment will start in April next year.  

The restructuring plan will be funded from a portion of Mr. Dick's
earnings as a physician, according to the disclosure statement
explaining the plan.

A copy of the disclosure statement is available for free at
https://is.gd/sxhMP0

The Debtor is represented by:

     Judith A. Swift, P.C.
     10501 North Central Expressway, Suite 280
     Dallas, Texas 75231
     Tel: (214) 696-6200
     Fax: (214) 692-0660

                 About Randall and Teresa Dick

Randall Merle Dick and Teresa Lynn Dick sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. E. Tex. Case No.
15-42035) on November 12, 2015.


RAYMOND THEODORE POWERS: To Set Aside $4K to Pay Unsecured Claims
-----------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Arizona will consider
approval of the disclosure statement explaining the Chapter 11 plan
of reorganization of Raymond Theodore and Judith Ann Powers at a
hearing on September 14.

The hearing will be held at 10:00 a.m., at the U.S. Bankruptcy
Court, 230 North First Avenue, Courtroom 703, Phoenix, Arizona.

The Debtors on July 28 filed a restructuring plan that will set
aside not less than $4,000 to pay general unsecured creditors.

According to the proposed plan, creditors holding Class 4 general
unsecured claims will receive not less than $4,000 in pro rata
payments over the course of not more than 72 months from the
effective date of the plan.

Class 4 creditors assert a total of $47,705 in claims.

The Debtors will fund the plan through their net employment income,
social security benefits and retirement benefits, according to the
disclosure statement filed with the U.S. Bankruptcy Court for the
District of Arizona.

A copy of the disclosure statement is available for free at
https://is.gd/M7hu7s

                About Raymond and Judith Powers

Raymond Theodore Powers and Judith Ann Powers filed a Chapter 11
petition (Bankr. D. Ariz. Case No. 16-00094) on Jan. 6, 2016.

The Debtor's counsel:

         Anthony W. Clark
         Anthony W. Clark and Associates, PLLC
         PO Box 34506
         Phoenix, AZ 85067
         Tel: (602) 790-4959
         E-mail: ecf@awcesq.com


RESIDENTIAL CAPITAL: Court Dismisses M. Boyd's Appeal
-----------------------------------------------------
Judge P. Kevin Castel of the United States District Court for the
Southern District of New York dismissed Michael E. Boyd's appeal
and affirmed the bankruptcy court's order sustaining ResCap
Borrower Claims Trust's objection to Boyd's proof of claim against
debtor GMAC Mortgage, LLC.

The bankruptcy case is IN RE RESIDENTIAL CAPITAL, LLC, Debtor, Case
No. 12-12020 (MG) (Bankr. S.D.N.Y.).

The appealed case is MICHAEL E. BOYD, Appellant, v. RESCAP BORROWER
CLAIMS TRUST, Appellee, No. 15 Civ. 8340 (PKC) (S.D.N.Y.).

A full-text copy of Judge Castel's July 28, 2016 memorandum and
order is available at https://is.gd/SMgEWO from Leagle.com.

ResCap Borrower Claims Trust is represented by:

          Jessica Arett, Esq.
          Jordan Aaron Wishnew, Esq.
          Norman S. Rosenbaum, Esq.
          MORRISON & FOERSTER LLP
          Email: jarett@mofo.com
                 jwishnew@mofo.com
                 nrosenbaum@mofo.com

                    About Residential Capital

Residential Capital LLC, the unprofitable mortgage subsidiary of
Ally Financial Inc., filed for bankruptcy protection (Bankr.
S.D.N.Y. Lead Case No. 12-12020) on May 14, 2012.  Neither Ally
Financial nor Ally Bank is included in the bankruptcy filings.

ResCap, one of the country's largest mortgage originators and
servicers, was sent to Chapter 11 with 50 subsidiaries amid
"continuing industry challenges, rising litigation costs and
claims, and regulatory uncertainty," according to a company
statement.

ResCap disclosed $15.7 billion in assets and $15.3 billion in
liabilities at March 31, 2012.

Centerview Partners LLC and FTI Consulting are acting as financial
advisers to ResCap.  Morrison & Foerster LLP is acting as legal
adviser to ResCap.  Curtis, Mallet-Prevost, Colt & Mosle LLP is the
conflicts counsel.  Rubenstein Associates, Inc., is the public
relations consultants to the Company in the Chapter 11 case.
Morrison Cohen LLP is advising ResCap's independent directors.
Kurtzman Carson Consultants LLP is the claims and notice agent.

Ray C. Schrock, Esq., at Kirkland & Ellis LLP, in New York, serves
as counsel to Ally Financial.

ResCap sold most of the businesses for a combined $4.5 billion.
The Bankruptcy Court in November 2012 approved ResCap's sale of its
mortgage servicing and origination platform assets to Ocwen Loan
Servicing, LLC and Walter Investment Management Corporation for $3
billion; and its portfolio of roughly 50,000 whole loans to
Berkshire Hathaway for $1.5 billion.

Judge Martin Glenn in December 2013 confirmed the Joint Chapter 11
Plan co-proposed by Residential Capital and the Official Committee
of Unsecured Creditors.


RESPONSE BIOMEDICAL: Files Third Amendment to Schedule 13E-3
------------------------------------------------------------
An amended Rule 13e-3 transaction statement under Section 13(e) of
the Securities Exchange Act of 1934 was filed with the Securities
and Exchange Commission on Aug. 11, 2016, by: (i) Response
Biomedical Corp., a British Columbia, Canada corporation and the
issuer of the shares of common stock, without par value that are
subject to the Rule 13e-3 transaction; (ii) 1077801 B.C. Ltd. (the
"Purchaser"); (iii) OrbiMed Asia Partners, L.P.; (iv) OrbiMed
Private Investments III, LP; (v) OrbiMed Associates III, LP; (vi)
OrbiMed Advisors LLC, (vii) OrbiMed Advisors Limited, (viii) Samuel
D. Isaly, and (ix) Shanghai Runda Medical Technology Co., Ltd.
Collectively, the persons filing this Transaction Statement are
referred to as the "filing persons."  In this Transaction Statement
OrbiMed Asia Partners, L.P., OrbiMed Private Investments III, LP,
OrbiMed Associates III, L.P., OrbiMed Advisors LLC, OrbiMed
Advisors Limited, Samuel D. Isaly, and Shanghai Runda Medical
Technology Co., Ltd. are referred to collectively as the "Purchaser
Group."  The Purchaser Group owns all outstanding shares of the
Purchaser.

The Transaction Statement relates to the Arrangement Agreement,
dated June 16, 2016 among the Company and the Purchaser.  Pursuant
to the Arrangement, the Purchaser will, among other things, acquire
all of the issued and outstanding common shares of the Company.

The Board (other than Peter A. Thompson and Jonathan J. Wang, who
recused themselves from the vote of the Board), based in part on
the unanimous recommendation of the Special Committee, has (a)
determined unanimously that the Arrangement is advisable, and in
the best interests of, the Company's shareholders (other than the
members of the Purchaser Group any rollover shareholders or any
person that the Company has determined to be a Section 16 Officer
of the Company pursuant to Rule 16a-1(f) of the Exchange Act) and
including the unaffiliated shareholders, (b) approved unanimously
the Arrangement, and (c) resolved unanimously to recommend that the
Company's shareholders vote "FOR" the proposal to adopt the
Arrangement Agreement and approve the Arrangement.

Concurrently with the filing of this Transaction Statement, the
Company is filing with the SEC a definitive proxy statement under
Regulation 14A of the Exchange Act, pursuant to which the Company's
board of directors is soliciting proxies from stockholders of the
Company in connection with the Arrangement. The Proxy Statement is
attached hereto as Exhibit (a)(1).

A full-text copy of the regulatory filing is available at:

                      https://is.gd/8xT7A4

                     About Response Biomedical
  
Based in Vancouver, Canada, Response Biomedical Corporation
develops, manufactures and sells diagnostic tests for use with its
proprietary RAMP(R) System, a portable fluorescence immunoassay-
based diagnostic testing platform.  The RAMP(R) technology
utilizes a unique method to account for sources of error inherent
in conventional lateral flow immunoassay technologies, thereby
providing the ability to quickly and accurately detect and
quantify an analyte present in a liquid sample.  Consequently, an
end-user on-site or in a point-of-care setting can rapidly obtain
important diagnostic information.  Response Biomedical currently
has thirteen tests available for clinical and environmental
testing applications and the Company has plans to commercialize
additional tests.

Response Biomedical reported a net loss of C$150,000 on C$15.41
million of total revenue for the year ended Dec. 31, 2015, compared
to a net loss of C$2.09 million on C$11.01 million of total revenue
for the year ended Dec. 31, 2014.

As of Dec. 31, 2015, Response had C$11.80 million in total assets,
C$12.51 million in total liabilities and a total shareholders'
deficit of C$711,000.

PricewaterhouseCoopers LLP, in Vancouver, Canada, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the company has incurred
recurring losses from operations and has an accumulated deficit at
Dec. 31, 2015, that raises substantial doubt about its ability to
continue as a going concern.


RICEBRAN TECHNOLOGIES: Incurs $8.11 Million Net Loss in 2nd Quarter
-------------------------------------------------------------------
RiceBran Technologies filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $8.11 million on $10.5 million of revenues for the three months
ended June 30, 2016, compared to a net loss of $3.95 million on
$11.4 million of revenues for the three months ended June 30,
2015.

For the six months ended June 30, 2016, the Company reported a net
loss of $8.25 million on $20.59 million of revenues compared to a
net loss of $7.60 million on $21.06 million of revenues for the
same period last year.

As of June 30, 2016, RiceBran had $32.11 million in total assets,
$31.6 million in total liabilities, $551,000 in temporary equity
and a total deficit of $36,000.

"We continued to experience losses and negative cash flows from
operations which raises substantial doubt about our ability to
continue as a going concern.  We believe that we will be able to
obtain additional funds to operate our business, should it be
necessary; however, there can be no assurances that our efforts
will prove successful.  The accompanying interim financial
statements do not include any adjustments that might be necessary
if we are unable to continue as a going concern."

The Company's quarterly report on Form 10-Q is available from the
SEC website at https://is.gd/1kBsxD

                       About RiceBran

Scottsdale, Ariz.-based RiceBran Technologies, a California
corporation, is a human food ingredient and animal nutrition
company focused on the procurement, bio-refining and marketing of
numerous products derived from rice bran.

RiceBran reported a net loss of $10.6 million on $39.9 million of
revenues for the year ended Dec. 31, 2015, compared to a net loss
of $26.6 million on $40.10 million of revenues for the year ended
Dec. 31, 2014.

The Company's auditors Marcum LLP, in New York, NY, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the Company has suffered
recurring losses from operations resulting in an accumulated
deficit of $251 million at December 31, 2015.  This factor among
other things, raises substantial doubt about its ability to
continue as a going concern.


RICHARD ARNOLD: Court to Take Up Plan on Sept. 13
-------------------------------------------------
A U.S. bankruptcy court will consider approval of the Chapter 11
plan of Richard Arnold at a hearing on September 13.

The U.S. Bankruptcy Court for the Middle District of Tennessee will
hold the hearing at Customs House, Courtroom Two, Second Floor, 701
Broadway, Nashville, Tennessee.

The court will also consider at the hearing the final approval of
the Debtor's disclosure statement, which it conditionally approved
on August 4.

The court order set a September 5 deadline for creditors to cast
their votes and file their objections.

The Debtor is represented by:

     Steven L. Lefkovitz, Esq.
     618 Church Street, Suite 410
     Nashville, Tennessee 37219
     Phone: (615)256-8300
     Fax: (615) 255-4516
     Email: slefkovitz@lefkovitz.com

                        About Richard Arnold

Richard D. Arnold sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. M. D. Tenn. Case No. 15-07168).  The case
is assigned to Judge Marian F. Harrison.


ROADHOUSE HOLDINGS: Aug. 19 Meeting Set to Form Creditors' Panel
----------------------------------------------------------------
Andy Vara, acting United States Trustee for Region 3, will hold an
organizational meeting on Aug. 19, 2016, at 10:00 a.m. in the
bankruptcy case of Roadhouse Holdings, Inc.

The meeting will be held at:

         J. Caleb Boggs Federal Building
         844 King Street, Suite 2112
         Wilmington, DE 19801

The sole purpose of the meeting will be to form a committee or
committees of unsecured creditors in the Debtors' case.

The organizational meeting is not the meeting of creditors pursuant
to Section 341 of the Bankruptcy Code.  A representative of the
Debtor, however, may attend the Organizational Meeting, and provide
background information regarding the bankruptcy cases.

To increase participation in the Chapter 11 proceeding, Section
1102 of the Bankruptcy Code requires that the United States Trustee
appoint a committee of unsecured creditors as soon as practicable.
The Committee ordinarily consists of the persons, willing to serve,
that hold the seven largest unsecured claims against the debtor of
the kinds represented on the committee.
Section 1103 of the Bankruptcy Code provides that the Committee may
consult with the debtor, investigate the debtor and its business
operations and participate in the formulation of a plan of
reorganization.  The Committee may also perform other services as
are in the interests of the unsecured creditors whom it represents.


ROBERT ROXBERRY: Exit Plan to Pay Unsecured Creditors in Full
-------------------------------------------------------------
General unsecured creditors will be paid in full under a Chapter 11
plan of reorganization of Robert Joel and Clarissa Barbara
Roxberry.

According to the plan filed with the U.S. Bankruptcy Court for the
Southern District of Florida, creditors holding Class 4 general
unsecured claims will get 100% of their claims, payable in 200
monthly installments.  Claims will be paid on a pro rata basis.

Allowed Class 4 claims are estimated at $52,269, according to the
disclosure statement explaining the plan.

A copy of the disclosure statement is available for free at
https://is.gd/H0VKbQ

The Debtors are represented by:

     David Lloyd Merrill, Esq.
     Merrill P.A.
     525 S. Flagler Drive, 5th Floor
     West Palm Beach, Florida 33401
     Phone: +1 561-877-1111
     Fax: +1 561-832-7668

                       About The Roxberrys

Robert Joel and Clarissa Barbara Roxberry sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. S.D, Fla. Case No.
16-12454) on February 23, 2016.


ROGAN RR: Unsecureds to Share in Remaining Auction Proceeds
-----------------------------------------------------------
WB Debt Holdings, LLC, as assignee of secured creditor Eastern
Savings Bank, filed with the U.S. Bankruptcy Court for the Southern
District of New York an amended disclosure statement describing the
Chapter 11 plan of reorganization it is proposing in the bankruptcy
case of Rogan RR, LLC.

The Debtor did not disclose any unsecured claims in its schedules
of assets and liabilities.  However, based upon the filed proofs of
claim, there is an aggregate Class 4 General Unsecured Claims
amount of $1,002,250.74.  In addition, Class 4 will include Class 1
and 2 Claims to the extent the claims are not paid in full.
Distribution will be made to allowed claims of Class 4 creditors
who will share pro rata in remaining auction proceeds, only if and
to the extent there are sale proceeds available after the claims of
administrative, Class 1, 2 and 3 have been paid in full as provided
in the Plan.  Any payment is to be made as soon as practicable
after the Effective Date of the Plan.  Class 4 Claims are impaired
under the Plan.

The Plan will be funded with (a) all cash on hand on the Effective
Date and (b) the net proceeds of the Auction of the Property to the
successful bidder at a public auction.  In the event that the
Proponent is the successful bidder at auction, the Proponent will
fund, as necessary, all cash distributions to allowed
administrative and priority claim holders as required under the
Plan.  The Proponent has ample liquidity and wherewithal to fund
these amounts and can provide proof of funds to the Court at the
Confirmation hearing if necessary.

The Amended Disclosure Statement is available at:

          http://bankrupt.com/misc/nysb13-23532-131.pdf

The Plan was filed by the Proponent's counsel:

     Jonathan S. Pasternak, Esq.
     DELBELLO DONNELLAN WEINGARTEN WISE & WIEDERKEHR, LLP
     One North Lexington Avenue
     White Plains, NY 10601
     Tel: (914) 681-0200

Headquartered in Bedford Hills, New York, Rogan RR, LLC, owns
certain land and buildings located at 225 Railroad Avenue, Bedford
Hills, New York 10507.  The Property consists of recycling facility
and transfer station, although the permits and licenses for
operating the facility and transfer station are not held by the
Debtor.

The Debtor filed for Chapter 11 bankruptcy protection (Bankr.
S.D.N.Y. Case No. 13-23532) on Sept. 13, 2013, listing $0 assets
and liabilities of $1.60 million.

Judge Robert D. Drain presides over the case.

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


ROSEMAN UNIVERSITY: S&P Affirms 'BB-' Rating on 2012 & 2015 Bonds
-----------------------------------------------------------------
S&P Global Ratings affirmed its 'BB-' long-term rating on Public
Finance Authority, Wis.' series 2012 and 2015 bonds issued for
Roseman University, located in Henderson, Nev. and South Jordan,
Utah.  The rating is removed from CreditWatch, where it was placed
with negative implications on May 5, 2016.  S&P resolved the
CreditWatch action after receiving the required information from
the university.

"The stable outlook reflects our expectation that over the next
year, the university will experience continued strong demand for
its programs and achieve surplus operating performance," S&P Global
Ratings credit analyst Jessica Wood.

S&P has assessed the university's enterprise profile as very
strong, based on its growing niche programs, strong graduate
selectivity and matriculation rates.  S&P has assessed Roseman's
financial profile as vulnerable, based on the university's
significant leverage, high maximum annual debt service burden and
weak financial resource ratios.  S&P believes the university's high
amount of debt and aggressive growth strategy into a new line of
business (a college of medicine) will heighten its risk profile,
while the increase in operating expenses associated with the
expansion could compress margins in the near term.  When S&P
combines the enterprise and financial profile, the indicative
stand-alone credit profile is a 'bbb-'; however, because both the
financial resources assessment and debt and contingent liabilities
assessment scored a '6' under S&P's criteria, the stand-alone
credit profile is capped at 'bb+'.  The current long term debt
rating of 'BB-' better reflects the university's aggressive
financial risk profile, in S&P's view, as well as business
disruption risk given the recent delay in accreditation for the
college of medicine.


ROTARY DRILLING: Files Chapter 11 Plan of Liquidation
-----------------------------------------------------
Rotary Drilling Tools USA LLC filed with the U.S. Bankruptcy Court
for the Southern District of Texas a Chapter 11 plan of
liquidation.

The purpose of the plan is to create a trust to liquidate the
remaining assets of the company and its affiliates, and then
distribute the proceeds to creditors.  The liquidating trust will
be established on the effective date of the plan.

General unsecured claims are classified in Class 4.  Under the
plan, the liquidating trustee will distribute available cash pro
rata to general unsecured creditors.  

Rotary Drilling had earlier asked for court approval to sell its
major assets to Vallourec Drilling Products USA, Inc.  The hearing
on the proposed sale is scheduled for August 24.

The proceeds from the sale will be used first to repay the claims
of PNC Bank, N.A.  After the payment is completed, any remaining
proceeds will be used to fund payments under the liquidating plan,
according to Rotary Drilling's disclosure statement explaining the
plan.

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

                 About Rotary Drilling Tools USA

Rotary Drilling Tools USA, LLC, manufactures and markets oilfield
drilling tubular tools.  Rotary Drilling Tools sought Chapter 11
protection (Bankr. S. D. Tex. Case No. 16-33435) on July 6, 2016.
Judge Jeff Bohm is assigned to the case.  The Debtor estimated
assets and liabilities in the range of $10 million to $50 million.
Brooke B Chadeayne, Esq. and Elizabeth M Guffy, Esq., at Locke Lord
Bissell & Liddell, LLP, serve as the Debtor's counsel.  The
petition was signed by Bryan M. Gaston, chief restructuring
officer.

The Office of the U.S. Trustee appointed seven creditors to serve
on the official committee of unsecured creditors in the Chapter 11
cases of Rotary Drilling Tools USA, LLC, and its affiliates.


RS LEGACY: Egan-Jones Withdraws D Sr. Unsecured Debt Rating
-----------------------------------------------------------
Egan-Jones Ratings Company withdrew the D senior unsecured debt
ratings on RS Legacy Corp on July 27, 2016.

RS Legacy Corp., formerly RadioShack Corporation, is engaged in the
retail sale of consumer electronics goods and services through the
Company's RadioShack store chain.


RUSSELL COX: Unsecureds to be Paid $50,000 in 60 Months
-------------------------------------------------------
Russell Cox and Teri Cox filed with the U.S. Bankruptcy Court for
the Eastern District of Michigan, Detroit, a combined plan and
disclosure statement, which propose to pay unsecured creditors
$50,000 in monthly payments of $358.31 over a period of 60 months,
plus the proceeds of certain non-exempt property with a minimum
lump payment of $29,700.

The unsecured creditors and their claim amounts are:

   Fifth Third Bank            $819,106
   Capital One 4738              17,611
   Capital One 5645              17,896
   Discover Bank                 11,228
   First National Bank           17,525
   Metro H&N Corporation        250,000
   U.S. Bank                      7,606
                             ----------
                             $1,140,972

In the event unsecured creditors will object to the treatment of
their claims under the Plan, the Debtors will proceed with an
auction of their non-exempt property, which include a 2007 Harley
Davidson FLHT Cruiser, a 2006 Volkswagen Jetta, a 1996 Wanderlodge
Bluebird, a 2012 light trailer, and equity in Cox Investments,
LLC.

Russell Cox is the sole shareholder of Cox Brothers Machining,
Inc., which is a Chapter 11 Debtor (Case No. 15-55342), the sole
member and manager of Cox Investments II, LLC
(Debtor-in-Possession, Case No. 16-41495), and the sole member and
manager of Cox Investments LLC, a single asset real estate company,
which owns and rents property commonly known as 3235 County Farm
Road, in Jackson, Michigan.  Russell and Teri Cox caused to file
the present Chapter 11 for the reason of lawsuits filed by Fifth
Third Bank and Metro H&N on their personal guarantees to CBM.

A full-text copy of the Disclosure Statement dated Aug. 1, 2016, is
available at http://bankrupt.com/misc/mieb16-41495-43.pdf

The bankruptcy case is Russell Cox and Teri Cox, Case No. 16-41495
(Bankr. E.D. Mich.).

The Debtors are represented by:

   Don Darnell, Esq.
   7926 Ann Arbor St.
   Dexter, MI 48130
   Tel: 734-424-5200
   Email: dondarnell@darnell-law.com


RYCKMAN CREEK: Court to Take Up Exit Plan on Sept. 7
----------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware will
consider approval of the Chapter 11 plan of reorganization of
Ryckman Creek Resources LLC at a hearing on September 7.

The hearing will be held at 11:00 a.m., at the U.S. Bankruptcy
Court, 824 North Market Street, Wilmington, Delaware.  Objections
are due by September 1.

A copy of Ryckman's latest disclosure statement, which reflects
comments made at the August 1 hearing before Judge Kevin Carey, is
available for free at https://is.gd/ZGKYhw

                  About Ryckman Creek Resources

Formed on Sept. 8, 2009, Ryckman Creek Resources, LLC, is engaged
in the acquisition, development, marketing, and operation of a
Natural gas storage facility known as the Ryckman Creek Facility.
The Ryckman Creek Facility is a depleted crude oil and natural gas
reservoir located in Uinta County, Wyoming.  The Company began
development of the reservoir into a natural gas storage facility in
2011.  The Ryckman Creek Facility began commercial operations  in
late 2012 and received injections of customer gas and gas purchased
by the Company.  The Debtors have approximately 35  employees.

Ryckman Creek Resources, LLC, Ryckman Creek Resources Holdings LLC,
Peregrine Rocky Mountains LLC and Peregrine Midstream Partners LLC
filed Chapter 11 bankruptcy petitions (Bankr. D. Del. Case Nos.
16-10292 to 16-10295) on Feb. 2, 2016.  The  petitions were signed
by Robert Foss as chief executive officer.  Judge Kevin J. Carey
has been assigned the case.

The Debtors have engaged Skadden, Arps, Slate, Meagher & Flom LLP
as counsel, AP Services, LLC, as management provider, Evercore
Group LLC as investment banker, and Kurtzman Carson Consultants LLC
as claims and noticing agent.

On April 11, 2016, Ryckman Creek Resources, LLC, disclosed total
assets of more than $205 million and total debts of more than
$391.2 million.

On February 12, 2016, the Office of the United States Trustee
appointed an Official Committee of Unsecured Creditors.  Counsel
for the Committee are GREENBERG TRAURIG, LLP's Dennis A. Meloro,
Esq., David B. Kurzweil, Esq., and Shari L. Heyen, Esq.  The
Committee retained Alvarez & Marsal, LLC, as financial advisors.


SADEX CORPORATION: Raytheon to Get 29% Under Ch. 11 Plan
--------------------------------------------------------
Sadex Corporation filed a Plan of Reorganization and Disclosure
Statement, which provide for continuation of the Debtor's business
under its current management and ownership and restructuring of the
Debtor's debts.

The Plan also proposes the following classification and treatment
of claims:

    Class 1. Raytheon Claim in the amount of $1,971,596.05 will be
impaired under the plan where Raytheon will receive 29%
distributions totaling $576,000 in full, final and complete
satisfaction of such claim. Such sum will be paid to Raytheon in 72
monthly installments of $8,000 each.

    Class 2. Walsh Claim amounting to $1,577,849.65. Although the
Walsh Claim will be allowed in the amount of $1,577,849.65,
however, no payment or distribution will be made. Class 2 is
impaired, but as an insider, the holder of this claim may not vote
on the plan.

    Class 3. Holders of any allowed rejection claims will be paid
in full by the reorganized Debtor. However, there may be no Class 3
claims to be paid under the Plan.

    Class 4. Prepetition Professional Fee Claims totaling
$11,529.25 will receive 100% recovery.

    Class 5. The holders of equity interests in the Debtor shall
retain such interests.

A full text copy off the Disclosure Statement is available at
http://bankrupt.com/misc/txnb14-44622-mxm11-181.pdf

Attorneys for the Debtor:

       J. Robert Forshey, Esq.
       Matthew G. Maben, Esq.
       FORSHEY & PROSTOK, LLP
       777 Main St., Suite 1290
       Fort Worth, TX 76102
       Telephone: 817-877-8855
       Facsimile: 817-877-4151
       Email: bforshey@forsheyprostok.com
              mmaben@forsheyprostok.com

             About Sadex Corporation

Sadex Corporation filed a Chapter 11 petition (Bankr. N.D. Tex.
Case No. 14-44622), on November 14, 2014. The case is assigned to
Judge Michael Lynn. The Debtor's counsel is J. Robert Forshey, Esq.
at Forshey & Prostok, LLP of Fort Worth, Texas. The petition was
signed by Harlan E. Clemmons, president.

At the time of filing, the Debtor had $100,000 to $500,000 in
estimated assets and $1 million to $10 million in estimated
liabilities. A list of the Debtor's five largest unsecured
creditors is available for free at
http://bankrupt.com/misc/txnb14-44622.pdf


SALON MEDIA: Reports First Quarter 2017 Net Loss of $849,000
------------------------------------------------------------
Salon Media Group, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $849,000 on $1.29 million of net revenues for the three months
ended June 30, 2016, compared to a net loss of $644,000 on $1.69
million of net revenues for the three months ended June 30, 2015.

As of June 30, 2016, Salon Media had $1.58 million in total assets,
$10.63 million in total liabilities and a total stockholders'
deficit of $9.05 million.

Operating expenses for the three months ended June 30, 2016,
declined to $2.1 million compared to $2.3 million for the same
period last year.  Operating expense included approximately $0.2
million of one-off restructuring expense during the quarter.  The
Company's loss from operations for the quarter was $0.8 million,
compared to a loss from operations of $0.6 million for the June
2015 quarter.

Unique visitors to Salon.com are an important driver for the
Company's business as achieving scale helps increase the Website's
attractiveness to advertisers.  Unique visitors to the Salon.com
website during the first quarter fiscal year 2017 decreased 28%
compared to the June 2015 quarter, and decreased 14% compared to
the prior quarter ended March 31, 2016, according to data compiled
by Google Analytics.  The decline was due in part to shifts in the
social media landscape that downgraded publishers' content, as well
as changes the Company made to its editorial team to better match
costs with revenue potential.

The Company has been refining its strategy in producing original
video content, to emphasize video displayed on its Website instead
of on social media platforms that have barriers to monetization.
The Company's goal continues to be to add high-quality, diversified
content to Salon.com, in order to attract premium video
advertising.

Social media continues to be a significant focus for the Company.
Salon continues to make regular updates to its Website to optimize
content to be shared on social media with a special focus on its
mobile platforms.  In June 2016, Salon had approximately 907,000
Facebook "likes" and 664,000 Twitter followers, an annual increase
of 21% and 33% respectively.

The Company continues to see a significant shift to users accessing
Salon from mobile devices, with 74% of users visiting the Website
from mobile devices in June 2016.  Salon continues to have a
company-wide focus on its users’ mobile needs, especially quick
and easy access to fast-loading content optimized for better
readability on smaller screens.

Jordan Hoffner, chief executive officer (CEO) of Salon Media Group
who joined the Company during the June 2016 quarter, said, "Salon
is a terrific brand with a strong audience and we're taking steps
to realize the value of the company.  Our focus remains on
leveraging the brand to improve our advertising optimization and
create a greater breadth of stories that can be embraced by both
users and advertisers.  The goal is for Salon to be a significant
player in the media landscape."

The Company's quarterly report on Form 10-Q is available from the
SEC website at https://is.gd/ZjMZwG

                       About Salon Media

San Francisco, Calif.-based Salon Media Group (OTC BB: SLNM.OB)
-- http://www.Salon.com/-- is an online news and social
networking company and an Internet publishing pioneer.

Salon Media reported a net loss of $1.96 million on $6.95 million
of net revenues for the year ended March 31, 2016, compared to a
net loss of $3.94 million on $4.94 million of net revenues for the
year ended March 31, 2015.

Burr Pilger Mayer, Inc., in San Francisco, California, issued a
"going concern" qualification on the consolidated financial
statements for the year ended March 31, 2016, citing that the
Company has suffered recurring losses and negative cash flows from
operations and has an accumulated deficit of $124.6 million as of
March 31, 2016.  These conditions raise substantial doubt about its
ability to continue as a going concern.


SAMUEL EVANS WYLY: Proposes to Pay Unsecured Creditors in Full
--------------------------------------------------------------
Unsecured creditors of Samuel Evans Wyly, a businessman in Dallas,
Texas, will receive full payment of their claims under his proposed
Chapter 11 plan.

Under the plan, beginning 45 business days after the effective date
of the plan and subject to (i) prior payment of any portion of the
Class 1 claim of Torie Steele then due, and reservation for future
payments thereof, and (ii) prior payment in full of certain claims,
a liquidating trustee will make distributions, pro rata, of net
proceeds to Class 2 unsecured creditors until they have received
100% of their claims.  

The plan calls for the creation of a liquidating trust to, among
other things, receive and administer certain assets, resolve
disputed claims, and make distributions to creditors, according to
the disclosure statement explaining the plan.

A copy of the latest disclosure statement is available for free at
https://is.gd/rc0HVB

The Debtor is represented by:

     Josiah M. Daniel, III, Esq.
     James J. Lee, Esq.
     Paul E. Heath, Esq.
     Rebecca L. Petereit, Esq.
     Vinson & Elkins LLP
     Trammell Crow Center
     2001 Ross Avenue, Suite 3700
     Dallas, Texas 75201-2975
     Tel: 214-220-7700
     Fax: 214-220-7716
     Email: jdaniel@velaw.com
            jimlee@velaw.com
            pheath@velaw.com
            rpetereit@velaw.com

                    About Sam Wyly

Sam Wyly is a lifelong entrepreneur and author.  His first book,
1,000 Dollars & An Idea, is a biography that tells his story of
creating and building companies, including University Computing,
Michaels Arts & Crafts, Sterling Software, and Bonanza Steakhouse.
His second book, Texas Got It Right!, co-authored with his son,
Andrew, was gifted to roughly 450,000 students and teachers,
thought leaders, and readers, and continues to be a best-seller in
its Amazon category.

Samuel Wyly filed for Chapter 11 bankruptcy protection (Bankr.
N.D. Tex. Case No. 14-35043) on Oct. 19, 2014, weeks after a judge
ordered him to pay several hundred million dollars in a civil
fraud case.  In September 2014, a federal judge ordered Mr. Wyly
and the estate of his deceased brother to pay more than $300
million in sanctions after they were found guilty of committing
civil fraud to hide stock sales and nab millions of dollars in
profits.

                    About Caroline Wyly

Caroline Wyly is the widow of business tycoon Charles Wyly.  She
and her brother-in-law Sam Wyly sought Chapter 11 bankruptcy
protection as leverage to settle a looming tax bill and a $329
million claim from the Securities and Exchange Commission.  Her
bankruptcy is In re Caroline D. Wyly, 14-35074, in U.S. Bankruptcy
Court, Northern District Texas (Dallas).


SANDRIDGE ENERGY: Bankruptcy Filing Delays Quarterly Report
-----------------------------------------------------------
SandRidge Energy, Inc., said in a filing with the Securities and
Exchange Commission that the Company's Quarterly Report on Form
10-Q for the fiscal quarter ended June 30, 2016, could not be filed
within the prescribed time period without unreasonable effort or
expense, because the Company needs additional time to complete its
financial statements and related disclosures.

Philip T. Warman, the Company's Senior Vice President and General
Counsel, said, "the Company is not in a position at this point to
provide any specific estimate of anticipated significant changes in
results of operations from the three- and six-month periods ended
June 30, 2015 to the three- and six-month periods ended June 30,
2016 that may be reflected in the financial statements to be
included in the Company's Quarterly Report on Form 10-Q for the
fiscal quarter ended June 30, 2016."

"We, however, anticipate that total revenues and income from
operations for the three- and six-month periods ended June 30, 2016
will be significantly lower than the three- and six-month periods
ended June 30, 2015, due primarily to a decline in oil and natural
gas production, largely resulting from natural declines in existing
producing wells and a decrease in wells drilled in the 2016 periods
compared to the 2015 periods, and a decline in the average prices
received primarily for our oil and to a lesser extent, natural gas
and natural gas liquids production.

"We further anticipate that operating expenses will be
significantly lower for the three- and six-month periods ended June
30, 2016 than the three- and six-month periods ended June 30, 2015
due primarily to a decline in production expenses primarily as a
result of a decrease in well activity as a result of fewer wells
being brought on production and reduction in workover activity, the
elimination of the CO2 delivery shortfall penalty due to the
termination of the CO2 delivery agreement with Occidental Petroleum
Corporation in January 2016, the decreased incurrence of full cost
ceiling limitation impairments resulting primarily from the
significant decrease in oil prices, and to a lesser extent, natural
gas prices, that began in the latter half of 2014 and continued
throughout 2015 and into 2016, and a decrease in depreciation and
depletion rates due primarily to the full cost ceiling limitation
impairments recorded in 2015 and the first quarter of 2016.

"Finally, we anticipate that other expenses, taxes and net loss
attributable to noncontrolling interest will be significantly
higher for the three- and six-month periods ended June 30, 2016
than the three- and six-month periods ended June 30, 2015 due
primarily to reorganization items in the 2016 periods primarily
consisting of net unamortized debt premiums and discounts,
unamortized debt issuance costs and the remaining value of
derivatives associated with the Company's 8.125% Convertible Senior
Notes due 2022, 7.5% Convertible Senior Notes due 2023 and 8.75%
Senior Secured Notes due 2020 issued by the Company in October 2015
in connection with the acquisition of and termination of a
gathering agreement with Pinon Gathering Company, LLC that were
written-off on the date the Bankruptcy Petitions were filed,
amounts related to the rejection of certain long-term contracts as
approved by the Bankruptcy Court, and professional and legal fees
incurred as a result of the Chapter 11 Cases."

The Company also disclosed that Proofs of claim involving over
2,000 claims were filed on or prior to July 22, 2016, the claims
bar date established in connection with the Chapter 11 Cases. The
claims bar date applies to nearly all types of claims against the
Debtors that arose or are deemed to have arisen prior to the
petition date.

Due to the considerable time and resources management must devote
to the Chapter 11 Cases and the related administrative
requirements, including the initial review and reconciliation of,
and establishment of reserves in connection with, the proofs of
claim, the Company has been unable to complete the preparation of
its Quarterly Report within its normal review cycle and has
determined that it is unable to timely file its Quarterly Report
without unreasonable effort or expense.

                    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.


SANJEL (USA): Recognition Order Modified to Allow Limited Discovery
-------------------------------------------------------------------
Judge Craig A. Gargotta of the United States Bankruptcy Court for
the Western District of Texas, San Antonio Division, granted, in
part, Darell Davis' and Christopher Kelly's motion for relief from
automatic stay and modified the court's order recognizing Sanjel
(USA), Inc., et al.'s foreign proceeding.

Judge Gargotta modified the recognition order to permit the movants
to conduct limited discovery to determine the identity of the
directors and officers (former or present) against whom claims
under the Fair Labor Standards Act should be brought.  The judge
ordered that such limited discovery should be conducted under the
auspices of the United States District Court for the District of
Colorado in the cases styled: Darrel Davis, Individually and on
Behalf of All Others Similarly Situated, v. Sanjel (USA) Inc., Case
No. 1:15-cv-01980 (D. Colo.) (filed Sept. 10, 2015), and
Christopher Keller, Individually and on Behalf of All Others
Similarly Situated, v. Sanjel (USA) Inc., Case No. 1:16-cv-00271
(D. Colo.) (filed Feb. 4, 2016).

Judge Gargotta also modified the recognition order to permit
potential opt-in plaintiffs to commence actions by filing written
consents in the cases styled: Darrel Davis, Individually and on
Behalf of All Others Similarly Situated, v. Sanjel (USA) Inc., Case
No. 1:15-cv-01980 (D. Colo.) (filed Sept. 10, 2015), and
Christopher Keller, Individually and on Behalf of All Others
Similarly Situated, v. Sanjel (USA) Inc., Case No. 1:16-cv-00271
(D. Colo.) (filed Feb. 4, 2016).

A full-text copy of Judge Gargotta's July 28, 2016 order is
available at https://is.gd/ieJTOe from Leagle.com.

The case is IN RE: SANJEL (USA) INC., et al., Chapter 15, Debtors
in a foreign proceeding, Case No. 16-50778-CAG (Bankr. W.D. Tex.).

Sanjel (USA) Inc. is represented by:

          Reese A. O'Connor, Esq.
          Marisa S. Secco, Esq.
          John E. West, Esq.
          VINSON & ELKINS
          1001 Fannin Street, Suite 2500
          Houston, TX 77002
          Tel: (713)758-2222
          Fax: (713)758-2346
          Email: roconnor@velaw.com
                 msecco@velaw.com
                 jwest@velaw.com

            -- and –-

          Deborah D. Williamson, Esq.
          DYKEMA COX SMITH
          Weston Centre
          112 E. Pecan Street, Suite 1800
          San Antonio, TX 78205
          Tel: (210)554-5500
          Fax: (210)226-8395
          Email: dwilliamson@dykema.com

PricewaterhouseCoopers Inc., Canadian Monitor and Foreign
Representative, Foreign Representative, is represented by:

          Patrick L. Huffstickler, Esq.
          DYKEMA COX SMITH
          Weston Centre
          112 E. Pecan Street, Suite 1800
          San Antonio, TX 78205
          Tel: (210)554-5500
          Fax: (210)226-8395
          Email: phuffstickler@dykema.com

                     About Sanjel (USA) Inc.

Headquartered in Calgary, Alberta, Sanjel Corp, through its
subsidiaries comprising the Sanjel Group, is an independent oil and
gas services company.  The Sanjel Group's pressure pumping
operations provide fracturing, cementing, coiled tubing and
reservoir solutions services in Canada, the U.S. and Saudi Arabia
(via its joint venture).  Through the Suretech entities, the Sanjel
Group offers patented multistage completions system solutions for
unconventional reservoir development with operations in the USA,
Canada and the other international locations.

As of Jan. 31, 2016, Sanjel Group had consolidated assets of
approximately C$1,438,788,000 and consolidated liabilities of
approximately C$1,104,602,000.  The majority of the current
liabilities include accounts payable (approximately C$134,646,000),
indebtedness under the Facility, indebtedness to the Senior Bonds
(the amount outstanding under the Facility and the Senior Bonds
were together, approximately C$890,638,000 plus interest payable of
C$18,659,000) and future tax liability (approximately
C$51,219,000), as disclosed in Court documents.

As of the Petition Date, the Chapter 15 Debtors had more than
$500,000,000 in assets in the United States (at book value), with
more than 50% of those assets located in Texas.

The Chapter 15 Debtors seek joint administration of their cases
under Lead Case No. 16-50778.

The Chapter 15 cases are pending in the U.S. Bankruptcy Court for
the Western District of Texas and assigned to Judge Craig A.
Gargotta.


SEADRILL LTD: Bank Debt Trades at 56% Off
-----------------------------------------
Participations in a syndicated loan under Seadrill Ltd is a
borrower traded in the secondary market at 43.90
cents-on-the-dollar during the week ended Friday, August 5, 2016,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents a decrease of 1.04 percentage points from the
previous week.  Seadrill Ltd pays 300 basis points above LIBOR to
borrow under the $2.9 billion facility. The bank loan matures on
Feb. 17, 2021 and carries Moody's Caa2 rating and Standard & Poor's
B- rating.  The loan is one of the biggest gainers and losers among
247 widely quoted syndicated loans with five or more bids in
secondary trading for the week ended August 5.


SEANERGY MARITIME: CVI Investments Reports 5.7% Stake as of Aug. 5
------------------------------------------------------------------
In a Schedule 13G filed with the Securities and Exchange
Commission, CVI Investments, Inc. and Heights Capital Management,
Inc. disclosed that as of Aug. 5, 2016, they beneficially owned
1,180,000 common shares of Seanergy Maritime Holdings Corp.
representing 5.7 percent of the shares outstanding.  Heights
Capital Management, Inc. is the investment manager to CVI
Investments, Inc. and as such may exercise voting and dispositive
power over these shares.  A full-text copy of the regulatory filing
is available at https://is.gd/aKunQf

                        About Seanergy

Athens, Greece-based Seanergy Maritime Holdings Corp. is an
international company providing worldwide seaborne transportation
of dry bulk commodities.  The Company owns and operates a fleet
of seven dry bulk vessels that consists of three Handysize, two
Supramax and two Panamax vessels.  Its fleet carries a variety of
dry bulk commodities, including coal, iron ore, and grains, as
well as bauxite, phosphate, fertilizer and steel products.

For the year ended Dec. 31, 2015, the Company reported a net loss
of US$8.95 million on US$11.22 million of net vessel revenue
compared to net income of US$80.34 million on US$2.01 million of
net vessel revenue for the year ended Dec. 31, 2014.

As of March 31, 2016, the Company had US$206 million in total
assets, US$185 million in total liabilities, and US$21.09 million
in stockholders' equity.


SEANERGY MARITIME: Sold 1.2 Million Common Shares
-------------------------------------------------
Seanergy Maritime Holdings Corp. entered into a Securities Purchase
Agreement with an unaffiliated third party, which is an
institutional investor, pursuant to which the Company sold
1,180,000 shares of its common stock in a registered direct
offering.  The closing of the Offering occurred on Aug. 10, 2016.

A copy of the Securities Purchase Agreement is available at:

                      https://is.gd/1TsXtu

                         About Seanergy

Athens, Greece-based Seanergy Maritime Holdings Corp. is an
international company providing worldwide seaborne transportation
of dry bulk commodities.  The Company owns and operates a fleet
of seven dry bulk vessels that consists of three Handysize, two
Supramax and two Panamax vessels.  Its fleet carries a variety of
dry bulk commodities, including coal, iron ore, and grains, as
well as bauxite, phosphate, fertilizer and steel products.

For the year ended Dec. 31, 2015, the Company reported a net loss
of US$8.95 million on US$11.22 million of net vessel revenue
compared to net income of US$80.34 million on US$2.01 million of
net vessel revenue for the year ended Dec. 31, 2014.

As of March 31, 2016, the Company had US$206 million in total
assets, US$185 million in total liabilities, and US$21.09 million
in stockholders' equity.


SEANERGY MARITIME: Sold 1.2 Million Shares to Investor
------------------------------------------------------
Seanergy Maritime Holdings Corp. entered into a securities purchase
agreement with an unaffiliated third party, which is an
institutional investor, pursuant to which the Company sold
1,180,000 shares of its common stock in a registered direct
offering.  The closing of the Offering occurred on Aug. 10, 2016.

                       About Seanergy

Athens, Greece-based Seanergy Maritime Holdings Corp. is an
international company providing worldwide seaborne transportation
of dry bulk commodities.  The Company owns and operates a fleet
of seven dry bulk vessels that consists of three Handysize, two
Supramax and two Panamax vessels.  Its fleet carries a variety of
dry bulk commodities, including coal, iron ore, and grains, as
well as bauxite, phosphate, fertilizer and steel products.

For the year ended Dec. 31, 2015, the Company reported a net loss
of US$8.95 million on US$11.22 million of net vessel revenue
compared to net income of US$80.34 million on US$2.01 million of
net vessel revenue for the year ended Dec. 31, 2014.

As of March 31, 2016, the Company had US$206 million in total
assets, US$185 million in total liabilities, and US$21.09 million
in stockholders' equity.


SEMLER SCIENTIFIC: To Begin Trading on OTCQB
--------------------------------------------
Semler Scientific, Inc., announced that its common stock will be
delisted from the NASDAQ Capital Market and that suspension of
trading in the shares was effective at the open of business on Aug.
11, 2016, for failure to regain compliance with the required
$2,500,000 minimum stockholders' equity for continued listing
within the compliance periods afforded by the NASDAQ's hearings
panel.

Semler expects to begin trading on the OTCQB on Aug. 11, 2016,
under the symbol SMLR.  Investors can find current financial
disclosure and Real-Time Level 2 quotes for Semler's stock on
www.otcmarkets.com.

NASDAQ informed Semler that it would complete the delisting by
filing a Form 25 Notification of Delisting with the Securities and
Exchange Commission, after applicable appeals periods have lapsed.
The delisting becomes effective ten days after the Form 25 is
filed.

On Feb. 9, 2016, the Company received a Staff Determination Letter
from NASDAQ notifying it that the Company had not regained
compliance with the Rule.  The Letter also stated that the
Company's securities would be scheduled for delisting and would be
suspended at the opening of business on Feb. 18, 2016, unless the
Company requested an appeal of the decision to the Hearings Panel.
The Company requested, and was granted, a hearing before the Panel,
which was held on March 31, 2016.  This hearing automatically
stayed the delisting of the Company's common stock pending the
issuance of a determination by the Panel.

On April 8, 2016, the Company received a determination letter from
the Panel notifying the Company that its request for continued
listing was granted, subject to two conditions: (1) on or before
May 16, 2016, the Company was to provide the Panel with an update
on its progress toward compliance, in particular the status of a
Form S-1 filing and prospectus for public offering; and (2) on or
before Aug. 8, 2016, the Company was to publicly announce and
inform the Panel that it has stockholders' equity above $2.5
million and provide the Panel with certain updated financial
information.

                     About Semler Scientific

Semler Scientific, Inc. provides diagnostic and testing services to
healthcare insurers and physician groups.  The Portland,
Oregon-based Company develops, manufactures and markets innovative
proprietary products and services that assist healthcare providers
in evaluating and treating chronic diseases.

Semler Scientific reported a net loss attributable to common
stockholders of $8.50 million on $7 million of total revenue for
the year ended Dec. 31, 2015, compared to a net loss attributable
to common stockholders of $4.51 million on $3.63 million of total
revenue for the year ended Dec. 31, 2014.

As of June 30, 2015, the Company had $3.06 million in total assets,
$5.59 million in total liabilities and a $2.53 million total
stockholders' deficit.

BDO USA, LLP, in New York, New York, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2015, citing that the Company has negative working
capital, a deficit in stockholders' equity, recurring losses from
operations and expects continuing future losses that raise
substantial doubt about its ability to continue as a going concern.


SEVENTY SEVEN: S&P Raises CCR to 'CCC+', Outlook Developing
-----------------------------------------------------------
S&P Global Ratings raised its corporate credit rating on Oklahoma
City-based Seventy Seven Energy Inc. (SSE) to 'CCC+' from 'D'.  The
outlook is developing.

At the same time, S&P raised the issue-level rating on the
company's reinstated $500 million secured term loan due 2020 to
'B-' from 'D'.  The recovery rating on this debt is '2', indicating
S&P's expectation of substantial (70% to 90%, higher end of the
range) recovery to creditors in the event of a payment default.
S&P is also withdrawing the 'D' ratings on the company's senior
unsecured notes and structurally subordinated notes, which have
been converted to new common equity through the company's
restructuring.

"The upgrade reflects SSE's new capital structure post
reorganization," said S&P Global Ratings credit analyst Kevin Kwok.
"The reorganization converted approximately $1.1 billion of senior
unsecured debt and structurally subordinated debt to equity," he
added.

S&P Global Ratings views SSE's business risk as vulnerable.  S&P
continues to assess SSE's financial risk profile as highly
leveraged, reflecting funds from operations (FFO) to debt of less
than 5% this year, although credit metrics have improved as a
result of the $1.1 billion reduction in debt.  S&P views SSE's
liquidity as adequate.

The outlook is developing, reflecting the possibility that S&P
could lower the rating if liquidity deteriorated, which could occur
if the company loses its primary customer and does not secure
additional contracts, or raise the rating if the company is able to
increase customer diversification and equipment utilization, which
would most likely occur in conjunction with an industry recovery.

S&P could downgrade the company if liquidity deteriorated, which
would most likely occur if Chesapeake terminates contracts before
2018, demand for oilfield services does not recover in 2017, or SSE
was not able to increase customer diversification.

S&P could upgrade the company if it expected FFO to debt to improve
to at least 12% for a sustained period, which would most likely
occur if demand for oilfield services rebounds next year. S&P
expects Chesapeake to honor its contracts with SSE through 2018.


SHIROKIA DEVELOPMENT: Secured Party to Hold Auction on August 17
----------------------------------------------------------------
38th Avenue Mezz LLC ("secured party") will offer for sale at a
public auction on Aug. 17, 2016, at 2:30 p.m. local time, pursuant
to Section 9-610 of the Uniform Commercial Code, all of the secured
party's right, title, and interest as a secured creditor of
Shirokia Mezz I LLC, 100% of the membership interest in Shirokia
Development LLC, pledged to the secured party by the Debtor.

The property will be sold to the highest qualified bidder, at the
auction to be held in front of the New York Country Courthouse, 60
Centre Street, New York, New York.

The secured party is informed and believes that Shirokia owns
certain real property and the improvements located at 142-28 38th
Avenue, Flushing, New York.

The sale will be held to enforce the secured party's rights under
(i) a mezzanine loan agreement dated as of Dec. 23, 2015, and (ii)
a pledge and security agreement dated as of Dec. 23, 2015, each
executed by the Debtor in favor of the secured party.

Prospective bidder must satisfy the requirements to be a "qualified
bidder" by no later than 12:00 p.m. local time on Aug. 17, 2016.
The sale will be conducted by Jonathan, Sheldon Good & Company.

Any parties interested in further information should contact
Stephen R. Preuss of Cushman & Wakefield at (718) 512-2118 or email
at stephen.preuss@cushwake.com

                          About Shirokia

Shirokia Development, LLC, a real property owner in Flushing, New
York, currently being controlled by a receiver, filed a Chapter 11
bankruptcy petition (Bankr. E.D.N.Y. Case No. 14-_____) in
Manhattan, on Aug. 12, 2014.

Hong Qin Jiang signed the petition as authorized individual.  The
Debtor disclosed, in an amended schedules total assets of  $28.4
million and total liabilities of $16.8 million.  The Debtor has
tapped Dawn Kirby Arnold, Esq., at DelBello Donnellan Weingarten
Wise & Wiederkehr, LLP, as counsel.


SIMS & SHUMAKER: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Sims & Shumaker Industries, LLC
           dba Tom Sawyer Enterprises
        a New Mexico limited liability company
        7908 Ranchitos Loop
        Albuquerque, NM 87113

Case No.: 16-12010

Chapter 11 Petition Date: August 11, 2016

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

Judge: Hon. Robert H. Jacobvitz

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

                    - and -

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

Total Assets: $361,528

Total Liabilities: $1.07 million

The petition was signed by Chad E. Shumaker, owner/member.

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/njb16-12010.pdf


SK HOLDCO: S&P Lowers Corp. Credit Rating to 'B-', Outlook Stable
-----------------------------------------------------------------
S&P Global Ratings said that it has lowered its corporate credit
rating on Richardson, Texas-based SK HoldCo LLC to 'B-' from 'B'.
The outlook is stable.

At the same time, S&P lowered its issue-level rating on the
company's senior secured debt to 'B' from 'B+'.  The '2' recovery
rating remains unchanged, indicating S&P's expectation for
substantial (70%-90%; lower half of the range) recovery in the
event of a payment default.

In addition, S&P lowered its issue-level rating on SK HoldCo's $375
million senior unsecured notes to 'CCC' from 'CCC+'.  The '6'
recovery rating remains unchanged, indicating S&P's expectation for
negligible recovery (0%-10%) in the event of a payment default.

"SK HoldCo operates light-vehicle collision repair shops in the
U.S.," said S&P Global credit analyst David Binns.  "The company's
economically resilient business model is offset by its aggressive
expansion strategy--which entails significant integration risk--and
its narrow scope, scale, and geographic and business diversity (the
company only operates in certain locales in the U.S. and its
business is solely focused on collision repair services)."

The stable outlook on SK HoldCo reflects S&P's belief that the
company will maintain or improve its recent gross margin levels,
allowing it to generate a small amount of positive FOCF and
maintain sufficient liquidity despite its aggressive growth
strategy.

S&P could lower its ratings on SK HoldCo in the next 12 months if
the company's operating prospects reverse and its gross margins
decline, potentially due to integration risks associated with its
acquisitions or technical labor wage pressure caused by heightened
competition.  S&P could also consider downgrading the company if is
unable to consistently generate positive free cash flow for
multiple quarters, adversely affecting its liquidity, or if S&P
considers its capital structure to be unsustainable.

S&P could raise its ratings on SK HoldCo over the next 12 months if
the company's debt-to-EBITDA metric falls well below 8.0x and its
FOCF-to-debt ratio approaches 5% on a sustained basis.  This could
occur if the company's acquisitive strategy leads to
better-than-expected revenue growth and EBITDA margins and S&P
believes that there is a low likelihood for further sizeable
debt-financed acquisitions.


SNUG HARBOR: Exclusive Plan Filing Period Extended to October 8
---------------------------------------------------------------
Judge Andrew B. Altenburg, Jr., of the U.S. Bankruptcy Court for
the District of New Jersey, extended Snug Harbor Marina, LLC's
exclusive period to file a plan of reorganization from August 9,
2016 to October 8, 2016.

Judge Altenburg also extended the period for obtaining acceptances
to the plan to December 7, 2016.

The Debtor has said that it will not be in a position to file a
Chapter 11 plan by the Aug. 9 deadline and requires an extension of
the exclusive time to file a plan of reorganization and to solicit
acceptances for several valid reasons.  The Debtor needs additional
time to complete a refinancing of the business' debt or sale of the
property, and the Bar Dates for creditors to file proofs of claim
have not yet expired.

                About Snug Harbor Marina, LLC.

Snug Harbor Marina, LLC, owns and operates a fishing marina located
at 926 Ocean Drive, Cape May, New Jersey. The marina has been
operating since 2002.  The fishing marina is open all year
providing boat slips, docks along with a store selling boating and
fishing gear, located on the site.  The Debtor owns the real estate
on which the marina business operates.

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. D.
N.J. Case No. 16-16895) on April 11, 2016, listing $6.46 million in
total assets and $3.78 million in total liabilities.  The petition
was signed by Ralph P. Farrell, member.

Judge Andrew B. Altenburg Jr. presides over the case.

Scott M. Zauber, Esq., at Subranni Zauber LLC serves as the
Debtor's bankruptcy counsel.


SOUTH FLORIDA AUTISM: S&P Rates 2016 Revenue Bonds 'BB'
-------------------------------------------------------
S&P Global Ratings has assigned its 'BB' long-term rating to the
Miami-Dade County Industrial Development Authority, Fla.'s series
2016 educational facilities revenue bonds, issued for South Florida
Autism Charter School (SFACS).  The outlook is stable.

"The rating reflects our view of the school's stable enrollment
profile with a robust waitlist and favorable state funding
environment," said S&P Global Ratings credit analyst Gauri Gupta.
Other factors include its history of positive operations on
full-accrual basis since inception with the expectations that
operating margins will continue to improve, and strong liquidity
position for the rating category with no expectations to draw down
on internal reserves.  Partly offsetting these strengths are the
school's relatively small headcount, very high debt burden for its
size, and construction risk associated with the new building.

The proceeds of the series 2016 bonds will be used to create a
campus for SFCAS, which is a charter school focused on children
diagnosed to be on the lower performing end of the autism spectrum.


This includes the five-acre property and all soft costs, off- and
on-site work, and the construction of a 55,000-square-foot
building.  When completed, the school portion of the campus will
serve 300 students annually.  The school plans to add a "center"
that will serve thousands in the greater autism community through
vocational and behavioral programs, OT, PT, and Speech services and
the training of generations of future teachers.  At this time, the
bond proceeds will not be used for costs related to the
construction of the "center."

SFACS is in Hialeah, the state's sixth-largest city, in the South
Florida metropolitan area.  The school's primary service area is
Miami-Dade and Broward counties, each of which accounts for 50% of
the student population.  For fall 2015, SFACS had 176 students
enrolled in K-12 grades.  Currently there are nine students to each
classroom and certain grade levels have two classrooms.  Enrollment
has been growing steadily from 99 students in fall 2012 to current
levels.

"The stable outlook reflects our view that during the one-year
outlook period, the school will maintain stable enrollment,
generate positive operating results, and maintain liquidity," added
Ms. Gupta.  S&P also expects the school to successfully complete
construction of the new building and begin operations at the new
site starting in fall 2017, as projected by management.


SOUTHCROSS ENERGY: EIG BBTS, et al. Beneficially Own 66.8% of Units
-------------------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, EIG BBTS Holdings, LLC, EIG Management Company, LLC,
EIG Asset Management, LLC, et al., disclosed that as of Aug. 10,
2016, they beneficially owned 44,030,950 common units representing
limited partner interests of Southcross Energy Partners, L.P.,
representing 66.8 percent of the shares outstanding.  

Southcross Holdings Borrower LP owns of record 15,005,588 common
units representing limited partner interests, 16,811,649 Class B
convertible units representing limited partner interests and
12,213,713 subordinated units representing limited partner
interests in the Issuer.

As a result of the relationship of the Reporting Persons to SHB,
they may be deemed to indirectly beneficially own the Common Units,
Class B Convertible Units and Subordinated Units held by SHB.

A full-text copy of the regulatory filing is available at:

                      https://is.gd/dVDu8g

              About Southcross Energy Partners, L.P.

Southcross Energy Partners, L.P. is a master limited partnership
that provides natural gas gathering, processing, treating,
compression and transportation services and NGL fractionation and
transportation services.  It also sources, purchases, transports
and sells natural gas and NGLs.  Its assets are located in South
Texas, Mississippi and Alabama and include four gas processing
plants, two fractionation plants and approximately 3,100 miles of
pipeline.  The South Texas assets are located in or near the Eagle
Ford shale region. Southcross is headquartered in Dallas, Texas.
Visit www.southcrossenergy.com for more information.

Southcross Energy reported a net loss attributable to partners of
$51.4 million on $698 million of total revenues for the year ended
Dec. 31, 2015, compared to a net loss attributable to partners of
$36.7 million on $849 million of total revenues for the year ended
Dec. 31, 2014.  

As of June 30, 2016, Southcross had $1.23 billion in total assets,
$617 million in total liabilities, and $615 million in total
partners' capital.

                             *    *    *

As reported by the TCR on April 5, 2016, Standard & Poor's Ratings
Services said it lowered its corporate credit and senior secured
rating on Southcross Energy Partners L.P. to 'CCC+' from 'B-'.

The TCR reported on Jan. 13, 2016, that Moody's Investors Service
downgraded Southcross Energy Partners, LP's Corporate Family Rating
to Caa1 from B2.  "Southcross' Caa1 CFR reflects its high financial
leverage, limited scale, concentration in the Eagle Ford Shale and
our expectation of continued high leverage and challenging industry
conditions into 2017," according to the report.


SOUTHCROSS ENERGY: TW Southcross Files Schedule 13D/A with SEC
--------------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, TW Southcross Aggregator LP, TW/LM GP Sub, LLC,
Tailwater Energy Fund I LP, et al., disclosed that as of Aug. 10,
2016, they beneficially owned 44,030,950 common units representing
limited partner interests in Southcross Energy Partners, L.P.
representing 66.8 percent of the common units outstanding.

Southcross Holdings Borrower LP owns of record 15,005,588 common
units representing limited partner interests, 16,811,649 Class B
convertible units representing limited partner interests and
12,213,713 subordinated units representing limited partner
interests in the Issuer.

As a result of the relationship of the Reporting Persons to SHB,
they may be deemed to indirectly beneficially own the Common Units,
Class B Convertible Units and Subordinated Units held by SHB.

A full-text copy of the regulatory filing is available at:

                     https://is.gd/wz1bK1

           About Southcross Energy Partners, L.P.

Southcross Energy Partners, L.P. is a master limited partnership
that provides natural gas gathering, processing, treating,
compression and transportation services and NGL fractionation and
transportation services.  It also sources, purchases, transports
and sells natural gas and NGLs.  Its assets are located in South
Texas, Mississippi and Alabama and include four gas processing
plants, two fractionation plants and approximately 3,100 miles of
pipeline.  The South Texas assets are located in or near the Eagle
Ford shale region. Southcross is headquartered in Dallas, Texas.
Visit www.southcrossenergy.com for more information.

Southcross Energy reported a net loss attributable to partners of
$51.4 million on $698 million of total revenues for the year ended
Dec. 31, 2015, compared to a net loss attributable to partners of
$36.7 million on $849 million of total revenues for the year ended
Dec. 31, 2014.  

As of June 30, 2016, Southcross had $1.23 billion in total assets,
$617 million in total liabilities, and $615 million in total
partners' capital.

                             *    *    *

As reported by the TCR on April 5, 2016, Standard & Poor's Ratings
Services said it lowered its corporate credit and senior secured
rating on Southcross Energy Partners L.P. to 'CCC+' from 'B-'.

The TCR reported on Jan. 13, 2016, that Moody's Investors Service
downgraded Southcross Energy Partners, LP's Corporate Family Rating
to Caa1 from B2.  "Southcross' Caa1 CFR reflects its high financial
leverage, limited scale, concentration in the Eagle Ford Shale and
our expectation of continued high leverage and challenging industry
conditions into 2017," according to the report.


SPENDSMART NETWORKS: Incurs $135,300 Net Loss in Second Quarter
---------------------------------------------------------------
Spendsmart Networks, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $135,300 on $1.61 million of total revenues for the three months
ended June 30, 2016, compared to a net loss of $1.29 million on
$1.98 million of total revenues for the three months ended June 30,
2015.

For the six months ended June 30, 2016, the Company reported a net
loss of $5.01 million on $3.04 million of total revenues compared
to a net loss of $2.24 million on $4.09 million of total revenues
for the same period last year.

As of June 30, 2016, Spendsmart had $3.25 million in total assets,
$6.77 million in total liabilities and a total stockholders'
deficit of $3.52 million.

"The Company has continued to incur net losses through June 30,
2016, and has yet to establish profitable operations.  These
factors among others create a substantial doubt about the Company's
ability to continue as a going concern," as disclosed in the
filing.

In an effort to reduce overhead, the Company reduced salaries by
10% during the first half of 2016 and issued options equal to the
value of the reduction.  The Company also currently plans to
attempt to raise additional required capital through the sale of
unregistered shares of the Company’s preferred or common stock.
All additional amounts raised will be used for our future investing
and operating cash flow needs.  However, there can be no assurance
that it will be successful in consummating such financing.

The Company's quarterly report on Form 10-Q is available from the
SEC website at https://is.gd/3n5X2f

                   About SpendSmart Networks

SpendSmart Networks provides proprietary loyalty systems and a
suite of digital engagement and marketing services that help local
merchants build relationships with consumers and drive revenue.
These services are implemented and supported by a vast network of
certified digital marketing specialists, aka "Certified
Masterminds," who drive revenue and consumer relationships for
merchants via loyalty programs, mobile marketing and website
development.  Consumers' dollars go further when they spend it with
merchants in the SpendSmart network of merchants, as they receive
exclusive deals, earn rewards and ultimately build a connection
with their favorite merchants.

Spendsmart Networks reported a net loss of $11.9 million on $5.58
million of total revenues for the year ended Dec. 31, 2015,
compared to a net loss of $12.2 million on $4.03 million of total
revenues for the year ended Dec. 31, 2014.

EisnerAmper LLP, in Iselin, New Jersey, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2015, citing that the Company has recurring losses
and has yet to establish a profitable operation and at December 31,
2015 has negative working capital and stockholders' deficit.  These
factors among others raise substantial doubt about its ability to
continue as a going concern.


STEPHEN ELTON LEACH: Unsecured Creditors to Get 50% Under Plan
--------------------------------------------------------------
Unsecured creditors will get 50% of their claims under a Chapter 11
plan of reorganization of Stephen Elton and Sheila Kay Leach.

According to the plan filed with the U.S. Bankruptcy Court for the
Northern District of Texas, creditors holding Class 16 unsecured
claims will be paid 50% of their claims over 60 months.  Payments
will begin 30 days after the effective date of the plan.

Class 16 unsecured creditors assert a total of $472,469 in claims,
according to the disclosure statement explaining the plan.

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

The Debtors are represented by:

     St. Clair Newbern, III, Esq.
     Law Offices of St. Clair Newbern, III
     1701 River Run, Suite 1000
     Fort Worth, Texas 76107
     Telephone: (817) 870-2647
     Facsimile: (817) 335-8658
     Email: scniii@me.com

                        About the Debtors

Stephen Elton Leach and Sheila Kay Leach sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. N.D. Tex. Case No.
15-43307) on August 17, 2015.


STEREOTAXIS INC: Incurs $2.33 Million Net Loss in Second Quarter
----------------------------------------------------------------
Stereotaxis, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $2.33 million on $7.87 million of total revenue for the three
months ended June 30, 2016, compared to a net loss of $1.53 million
on $9.66 million of total revenue for the three months ended June
30, 2015.

For the six months ended June 30, 2016, the Company reported a net
loss of $4.60 million on $16.5 million of total revenue compared to
a net loss of $4.67 million on $19.19 million of total revenue for
the six months ended June 30, 2015.

As of June 30, 2016, Stereotaxis had $16.3 million in total assets,
$37.9 million in total liabilities and a total stockholders'
deficit of $21.7 million.

At June 30, 2016, the Company had $3.9 million of cash and
equivalents.  The Company had a working capital deficit of $4.1
million and working capital of $1.0 million as of June 30, 2016,
and Dec. 31, 2015, respectively.  The decrease in the working
capital is due principally to the net losses incurred for the first
six months of 2016.

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

                      https://is.gd/YgXfu2

                       About Stereotaxis

Based in St. Louis, Missouri, Stereotaxis, Inc., is a manufacturer
and developer of a suite of navigation systems in interventional
surgical procedures.  The Company's Epoch Solution is used in the
treatment of arrhythmias and coronary artery disease.

Stereotaxis reported a net loss of $7.35 million on $37.7 million
of total revenue for the year ended Dec. 31, 2015, compared to a
net loss of $5.20 million on $35.01 million of total revenue for
the year ended Dec. 31, 2014.

In its report on the Company's consolidated financial statements
for the year ended Dec. 31, 2015, Ernst & Young LLP, in St. Louis,
Missouri, issued a "going concern" qualification stating that
the Company has incurred recurring losses from operations and has a
net capital deficiency that raise substantial doubt about the
Company's ability to continue as a going concern.


STEREOTAXIS INC: May Issue 1.5 Million Shares Under Incentive Plan
------------------------------------------------------------------
Stereotaxis, Inc., filed a Form S-8 registration statement with the
Securities and Exchange Commission to register 1,500,000 shares of
common stock issuable under the Company's 2012 Stock Incentive
Plan.  The proposed maximum aggregate offering price is $1.07
million.  A full-text copy of the regulatory filing is available
for free at https://is.gd/OlfJMf

                        About Stereotaxis

Based in St. Louis, Missouri, Stereotaxis, Inc., is a manufacturer
and developer of a suite of navigation systems in interventional
surgical procedures.  The Company's Epoch Solution is used in the
treatment of arrhythmias and coronary artery disease.

Stereotaxis reported a net loss of $7.35 million on $37.7 million
of total revenue for the year ended Dec. 31, 2015, compared to a
net loss of $5.20 million on $35.01 million of total revenue for
the year ended Dec. 31, 2014.

As of June 30, 2016, Stereotaxis had $16.25 million in total
assets, $37.92 million in total liabilities and a total
stockholders' deficit of $21.66 million.

In its report on the Company's consolidated financial statements
for the year ended Dec. 31, 2015, Ernst & Young LLP, in St. Louis,
Missouri, issued a "going concern" qualification stating that
the Company has incurred recurring losses from operations and has a
net capital deficiency that raise substantial doubt about the
Company's ability to continue as a going concern.


STEVE MURPHY: Unsecureds to Get 85% Under 3rd Amended Plan
----------------------------------------------------------
Steve Murphy and Celeste Murphy filed with the U.S. Bankruptcy for
the Northern District of Illinois a third amended disclosure
statement for their plan of liquidation proposing to pay 85% to
holders of unobjected unsecured non-priority claims from the
proceeds of the Debtors' current cash on hand and the balance from
liquidation of the remaining property of the Debtors.  Unsecured
non-prirority claims total $6,217,828.

A full-text copy of the Third Amended Disclosure Statement dated
Aug. 1, 2016, is available at
http://bankrupt.com/misc/ilnb13-80740-341.pdf

                  About Steve and Celeste Murphy

Steve Murphy and Celeste Murphy filed a Chapter 11 bankruptcy
petition (Bankr. N.D. Ill. Case No. 13-80740) on March 7, 2013.
The case judge is the Hon. Thomas M. Lynch.  Michael J. Davis at
BKN Murray LLP serves as the Debtors' counsel.


STRATA SKIN: Reports Second Quarter 2016 Financial Results
----------------------------------------------------------
STRATA Skin Sciences, Inc., reported net income of $498,000 on
$7.73 million of revenues for the three months ended June 30, 2016,
compared to a net loss of $7.84 million on $611,000 of revenues for
the three months ended June 30, 2015.

For the six months ended June 30, 2016, the Company reported a net
loss of $939,000 on $15.4 million of revenues compared to a net
loss of $15.12 million on $692,000 of revenues for the same period
last year.

As of June 30, 2016, Strata Skin had $44.4 million in total assets,
$27.1 million in total liabilities and $17.3 million in
stockholders' equity.

As of June 30, 2016, the Company had cash, cash equivalents and
short-term investments of
$2.8 million, compared with $3.3 million as of Dec. 31, 2015.

The operating results of the Company for the three months ended
June 30, 2016, include activity from the XTRAC and VTRAC businesses
for the entire period.  As a result of purchase accounting rules,
the operating results of the XTRAC and VTRAC businesses for the
three months ended June 30, 2015, are included for the period of
June 23 through June 30 in consolidated statements of operations.

"As we work to drive further market penetration of XTRAC we are
continuing to implement improvements to our marketing and awareness
campaigns aimed at expanding patient awareness and better
facilitating the patient's XTRAC experience.  Over the coming
quarters, we expect to see greater efficiencies from our newly
revamped website coupled with new creatives and more targeted
approach in television, radio and social media.  In addition, our
team has implemented a new process to work with dermatology
practices with newly placed XTRAC systems in an effort to ramp
revenues more quickly and maintain a consistent and growing level
of procedures," said Michael R. Stewart, president and CEO of the
Company.

Continuing, Mr. Stewart added, "We are seeing a greater
consolidation of individual dermatology practices in the
marketplace through corporate buyouts. Over time, we believe this
is an important growth opportunity for the XTRAC as our sales
approach adapts to addressing the needs of these corporate
entities, including the potential expansion of the deployment of
XTRAC into a greater number of owned practices.  Separately, as
patients face the reset of their deductible and co-pays at the
start of each year, and as insurers are raising these deductible
limits for many consumers, we believe this appears to have been
reflected in fewer patient visits to dermatologists during the past
quarter than in the same quarter a year ago."

"We are excited about the opportunity for growth of the XTRAC
system.  We continue to pursue R&D projects that may deliver a more
effective treatment using a higher dose of light, increasing the
appeal of the XTRAC system to dermatologists and patients. In
addition to accelerating our revenue growth, we are also engaged in
several engineering and R&D projects to help lower Strata's costs
of installing and maintaining the XTRAC systems in place," added
Mr. Stewart.

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

                       https://is.gd/wBvEMU

                    About STRATA Skin Sciences

STRATA Skin Sciences, formerly MELA Sciences, Inc., is a medical
technology company focused on the therapeutic and diagnostic
dermatology market.  Its products include the XTRAC laser and VTRAC
excimer lamp systems utilized in the treatment of psoriasis,
vitiligo and various other skin conditions; and the MelaFind system
used to assist in the identification and management of melanoma.

Strata Skin reported a net loss attributable to common stockholders
of $27.9 million on $18.5 million of revenues for the year ended
Dec. 31, 2015, compared to a net loss of $16.03 million on $915,000
of revenues for the year ended Dec. 31, 2014.


STRATEGIC HOTELS: Egan-Jones Withdraws 'BB' Unsec. Debt Rating
--------------------------------------------------------------
Egan-Jones Ratings Company withdrew the BB local senior unsecured
debt rating on Strategic Hotels & Resorts Inc on July 29, 2016.

Strategic Hotels & Resorts is an American REIT in the hospitality
industry.  It was publicly traded on the New York Stock Exchange as
BEE. The company owns 18 luxury hotels, 17 of which are located in
the United States and one of which is in Germany.


SUNDEVIL POWER: Seeks Oct. 7 Extension of Date to File Plan
-----------------------------------------------------------
Sundevil Power Holdings, LLC, et al., filed a second motion asking
the U.S. Bankruptcy Court to further extend the exclusive periods
during which they may file and solicit acceptances of a plan.

The Debtors said in their motion that the Plan Period expired on
August 9, 2016, and the Solicitation Period is set to expire on
October 17, 2016.  The sale process is on the threshold of
completion, with the Sale Hearing likely to occur on August 23,
2016.  Under the circumstances of these cases, the plan process
could only begin in earnest after the sales process was near
completion, the Debtors tell the Court.

Accordingly, the Debtors ask the Court to extend the Plan Period a
further 60 days to October 7, 2016, along with a similar extension
of the Solicitation Period to December 16, 2016, to allow for a
smooth and orderly completion of the sale process.

Attorneys for the Debtors:

       Steven K. Kortanek, Esq.
       Howard A. Cohen, Esq.
       Joseph N. Argentina, Jr., Esq.
       DRINKER BIDDLE & REATH LLP
       222 Delaware Avenue, Suite 1410
       Wilmington, DE 19801
       Tel: (302) 467-4200
       Fax: (302) 467-4201
       Email: Steven.Kortanek@dbr.com
              Howard.Cohen@dbr.com
              Joseph.Argentina@dbr.com

       -- and --

       David S. Meyer, Esq.
       Jessica C. Peet, Esq.
       Lauren R. Kanzer, Esq.
       VINSON & ELKINS LLP
       666 Fifth Avenue, 26th Floor
       New York, NY 10103-0040
       Tel: (212) 237-0000
       Fax: (212) 237-0100
       Email: dmeyer@velaw.com
              jpeet@velaw.com
              lkanzer@velaw.com

       -- and --

       Paul E. Heath, Esq.
       Reese A. O’Connor, Esq.
       VINSON & ELKINS LLP
       Trammell Crow Center
       2001 Ross Avenue, Suite 3700
       Dallas, TX 75201
       Tel: (214) 220-7700
       Fax: (214) 220-7716
       Email: pheath@velaw.com
              roconnor@velaw.com

          About Sundevil Power

Merchant power generators Sundevil Power Holdings, LLC and SPH
Holdco LLC sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. Del. Case Nos. 16-10369 and 16-10370,
respectively), on Feb. 12, 2016. The petitions were signed by Blake
M. Carlson as authorized signatory.

Sundevil Power Holdings, LLC, owns natural gas-fired power plants.
The Company was incorporated in 2010 and is based in Wayzata, MN.
The Debtors are merchant power generators through Sundevil's
ownership of two of the four 550 megawatt natural gas-fired power
blocks of the Gila River Power Station, located in Gila Bend,
Arizona. Sundevil and the other power block owners sell energy into
the Southwest electric power market, specifically the sub-region of
Arizona, New Mexico, and Southern Nevada known as the Desert
Southwest. Most of Sundevil's output is sold at the Palo Verde hub
and to California Independent System Operator. Sundevil also sells
capacity to CAISO and is capable of reaching other market hubs like
Mead (Southern Nevada) and Four Corners.  The Debtors estimated
assets in the range of $100 million to $500 million and liabilities
of at least $100 million.

The Debtors have engaged Vinson & Elkins LLP as legal counsel,
Drinker Biddle & Reath LLP as Delaware counsel, and Garden City
Group as claims and noticing agent.

Judge Kevin J. Carey is assigned to the case.

Bayard PA's Justin R. Alberto, Esq., has been appointed as Fee
Examiner.


SUNEDISON INC: Has Exclusivity to File Plan Thru Nov. 17
--------------------------------------------------------
BankruptcyData.com reported that the U.S. Bankruptcy Court approved
SunEdison's motion to extend the exclusive period during which the
Company can file a Chapter 11 plan and solicit acceptances thereof
through and including November 17, 2016 and January 16, 2017,
respectively. As previously reported, "Much work remains to be
done, but the Debtors have laid important groundwork in a complex
case involving thousands of legal entities across the globe and are
now poised to move to the next phase of these Chapter 11 Cases upon
the conclusion of their asset marketing process. To lift
exclusivity at this point would jeopardize the work that the
Debtors have accomplished to date and the consensus building that
is the hallmark of these cases and for what exclusivity is
designed. The Debtors' request to extend exclusivity is well
measured given the Debtors' continued progress in these Chapter 11
Cases and the time it will take to achieve a consensual plan, and
is without prejudice to any party that seeks to shorten such
period."

                    About SunEdison, Inc.

SunEdison, Inc., (OTC PINK: SUNEQ) is a developer and seller of
photovoltaic energy solutions, an owner and operator of clean
power generation assets, and a global leader in the development,
manufacture and sale of silicon wafers to the semiconductor
industry.

On April 21, 2016, SunEdison, Inc., and 25 of its affiliates each
filed a Chapter 11 bankruptcy petition (Bankr. S.D.N.Y. Case Nos.
16-10991 to 16-11017).  Martin H. Truong signed the petitions as
senior vice president, general counsel and secretary.

Five affiliates of SunEdison, Inc. and certain of its subsidiaries
on August 9, 2016, commenced cases by filing petitions for relief
under the Bankruptcy Code in the Bankruptcy Court, namely:
Buckthorn Renewables Holdings, LLC (Case No. 16-12298),
Greenmountain Wind Holdings, LLC (Case No. 16-12299), Rattlesnake
Flat Holdings, LLC (Case No. 16-12300), Somerset Wind Holdings, LLC
(Case No. 16-12301), and SunE Waiawa Holdings, LLC (Case No.
16-12302).

The Debtors disclosed total assets of $20.71 billion and total
debts of $16.14 billion as of Sept. 30, 2015.

The Debtors have hired Skadden, Arps, Slate, Meagher & Flom LLP as
counsel, Togut, Segal & Segal LLP as conflicts counsel, Rothschild
Inc. as investment banker and financial advisor, McKinsey Recovery
& Transformation Services U.S., LLC, as restructuring advisors and
Prime Clerk LLC as claims and  noticing agent. The Debtors employed
PricewaterhouseCoopers LLP as financial advisors; and KPMG LLP as
their auditor and tax consultant.

An official committee of unsecured creditors has been appointed in
the case.  The committee tapped Weil, Gotshal & Manges LLP as its
general bankruptcy counsel and Morrison & Foerster LLP as special
counsel.


SUNEDISON INC: Shareholders Won't Have Official Committee
---------------------------------------------------------
Peg Brickley, writing for The Wall Street Journal, reported that
shareholders won't get an official voice in the bankruptcy of
SunEdison Inc. because the company is "hopelessly insolvent," with
debts outweighing assets by at least $1 billion, a bankruptcy judge
has ruled.

According to the report, the decision from Judge Stuart Bernstein
followed a court fight aimed at proving the solar-power developer
has enough value left to offer hope that shareholders would avoid a
wipeout in bankruptcy.

Judge Bernstein, who has presided over SunEdison's chapter 11 case
from its start in April, said it is "substantially unlikely" the
company would be able to pay off its debts, the report related.
Even working with book values on paper and estimates of what asset
sales would bring, SunEdison would come up from $1 billion to $2.5
billion short of debts, the report cited the judge as saying.

The judge turned down a request for an official committee to
represent shareholders in SunEdison's bankruptcy case, a bid that
was driven in part by shock over the rapid decline in value in the
company, the report further related.

Shareholders "have lost money on their investments, and hope that
an official committee will capture value for them in the end. The
appointment of an Equity Committee, however, will not create value
where it does not exist," the judge said, the report added.

                     About SunEdison, Inc.

SunEdison, Inc., (OTC PINK: SUNEQ) is a developer and seller of
photovoltaic energy solutions, an owner and operator of clean power
generation assets, and a global leader in the development,
manufacture and sale of silicon wafers to the semiconductor
industry.

SunEdison, Inc., and 25 of its affiliates each filed a Chapter 11
bankruptcy petition (Bankr. S.D.N.Y. Case Nos. 16-10991 to
16-11017) on April 21, 2016.  Martin H. Truong signed the petitions
as senior vice president, general counsel and secretary.

Five affiliates of SunEdison, Inc. and certain of its subsidiaries
on August 9, 2016, commenced cases by filing petitions for relief
under the Bankruptcy Code in the Bankruptcy Court, namely:
Buckthorn Renewables Holdings, LLC (Case No. 16-12298),
Greenmountain Wind Holdings, LLC (Case No. 16-12299), Rattlesnake
Flat Holdings, LLC (Case No. 16-12300), Somerset Wind Holdings,
LLC
(Case No. 16-12301), and SunE Waiawa Holdings, LLC (Case No.
16-12302).

The Debtors disclosed total assets of $20.71 billion and total
debts of $16.14 billion as of Sept. 30, 2015.

The Debtors have hired Skadden, Arps, Slate, Meagher & Flom LLP as
counsel, Togut, Segal & Segal LLP as conflicts counsel, Rothschild
Inc. as investment banker and financial advisor, McKinsey Recovery
& Transformation Services U.S., LLC, as restructuring advisors and
Prime Clerk LLC as claims and  noticing agent.  The Debtors
employed PricewaterhouseCoopers LLP as financial advisors; and
KPMG
LLP as their auditor and tax consultant.

An official committee of unsecured creditors has been appointed in
the case.  The committee tapped Weil, Gotshal & Manges LLP as its
general bankruptcy counsel and Morrison & Foerster LLP as special
counsel.


SUNOPTA INC: S&P Lowers CCR to 'B-'; Outlook Negative
-----------------------------------------------------
S&P Global Ratings said it lowered its long-term corporate credit
rating on SunOpta Inc. to 'B-' from 'B'.  The outlook is negative.

"We base the downgrade on the company's weaker earnings and credit
metrics, along with weak cash flow visibility that could lead to a
material liquidity deficit," said S&P Global Ratings credit analyst
Nayeem Islam.

The ratings on SunOpta reflect what S&P views as the company's weak
business risk profile, characterized by SunOpta's small position in
the fragmented global ingredients and packaged foods industry.  The
company's business segments include the global sourcing of
ingredients for resale, a portion of which also supplies the
company's consumer products segments that makes healthy beverages
and snacks.

Year-to-date operations were affected by the product safety recall
relating to sunflower kernels at SunOpta's Crookston, Minn.,
facility.  Although less than 1% of annual sales are attributed to
the affected product lines, customer demand has not been met due to
curtailing production, resulting in additional customer losses and
lower margins from capacity under-utilization.  In addition, S&P
expects operations will be affected by significant legal and
staffing expenses relating to the recall, along with higher costs
for ramping-up production and integrating acquisitions.  SunOpta
holds the appropriate insurance for the affected sunflower kernels,
and as of July 2, 2016, estimated about US$16 million of losses
relating to this recall.  However, there is significant risk that
total liability claims from customers could exceed SunOpta's
maximum insurance coverage and negatively affect cash flow and
liquidity.  Such a scenario could occur if customers affected by
the recall submit claims based on the higher value end-product
(such as granola bars or cereal), rather than submitting claims
based only on the affected ingredient. In addition, the lengthy
negotiation and legal process could
potentially lead to customer losses and reputational damage.

S&P believes the recent acquisition of Sunrise Growers adds some
earnings diversity, but offers limited benefit in key business
drivers of improving market share, economies of scale, or
efficiency.

S&P's revised financial risk profile of highly leveraged reflects
the company's high debt burden, weaker earnings prospects, and
deteriorating credit metrics.  S&P believes SunOpta's ability to
deleverage through modest debt repayment will be constrained by
significant restructuring and legal charges over the next year.

The negative outlook on SunOpta reflects deteriorating credit
metrics owning to a high debt burden and lower earnings, along with
weak cash flow visibility that could lead to a material liquidity
deficit.

S&P could lower the ratings if there is a material liquidity
deficit due to negative free cash flow generation.  S&P believes
such a scenario would be precipitated by EBITDA margins
deterioration due to ongoing operational challenges, loss of
customers, and higher-than-expected costs relating to the product
recall.

S&P could revise the outlook to stable if the company demonstrates
sustained EBITDA cash interest coverage above 1.5x, improves
margins, and maintains sufficient liquidity to fund product recall
liability claims and approximately US$70 million of interest and
capital expenditure requirements.


TALL CITY WELL: Can Enter into Premium Finance Agreement with PAC
-----------------------------------------------------------------
Judge Ronald B. King of the U.S. Bankruptcy Court for the Western
District of Texas authorized Tall City Well Service, LP, to enter
into a Premium Finance Agreement with Premium Assignment
Corporation.

Premium Assignment Corporation was granted a a first priority lien
on and security interest in unearned premiums.

The Debtor was directed to make insurance payment premiums strictly
in accordance with the approved cash collateral budgets.

Judge King authorized the Debtor and Premium Assignment Corporation
to modify their Agreement as necessary to pay additional premiums
without the necessity of further hearing or Court Order, if
additional premiums become due to insurance companies under the
policies financed under the Agreement.

A full-text copy of the Order, dated Aug. 4, 2016, is available at
https://is.gd/2gyhvC

                  About Tall City Well Service

Tall City Well Service, LP, filed a chapter 11 petition (Bankr.
W.D. Tex. Case No. 16-70079) on May 17, 2016, and is represented by
Jesse Blanco Jr, Esq., in San Antonio, Tex.  This chapter 11
proceeding is related to (but not jointly administered with) In re
J G Solis, Inc., (Bankr. W.D. Tex. Case No. 16-70080) also filed on
May 17, 2016.  The petition was signed by Joel G. Solis, partner.
The Debtor estimated its assets and liabilities at $0 to $50,000 at
the time of the filing.


TEXARKANA HOTELS: Unsecured Creditors to Get 5% Under Plan
----------------------------------------------------------
Unsecured creditors of Texarkana Hotels, LLC, will get 5% of their
claims, according to the Chapter 11 liquidation plan proposed by
the company which operates hotel and convention center in
Texarkana, Arkansas.

The plan filed with the U.S. Bankruptcy Court for the Eastern
District of Texas proposes to pay unsecured creditors 5% of their
claims over 60 months.   

The plan calls for the continued operation of the hotel and
convention center and liquidation of a 1.5 acre tract of land
located next to the Country Inn & Suites on University in
Texarkana, Texas.  
  
A copy of the disclosure statement explaining the plan is available
for free at https://is.gd/9h0phm

                     About Texarkana Hotels

Texarkana Hotels, LLC operates a 127 room hotel and convention
center under the name of Holiday Inn and the Arkansas Convention
Center located at 5200 Convention Plaza in Texarkana, Arkansas.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. E. D. Texas Case No. 16-50056) on March 31, 2016.  The
petition was signed by Hiren Patel, managing member.  

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


THERMOENERGY CORP: Completes Disposition of Assets
--------------------------------------------------
In its 10-Q filing for the quarter ended March 31, 2014,
Thermoenergy Corporation announced its doubts as to the ability of
the Corporation to continue as a going concern, and the
unlikeliness of obtaining additional capital except from the
primary investors in the corporation.  

On March 4, 2015, the Company entered into an Assignment for the
Benefit of Creditors pursuant to which it assigned all of its
assets to the Hollis Meddings Group.  The Company recently received
a copy of a letter from Meddings to creditors of the Company dated
July 29, 2016, a copy of which is available for free at
https://is.gd/eTmKyb pursuant to which Meddings stated that (a)
Meddings reviewed the assets of the Company and attempted to sell
and/or lease the remaining assets to interested parties, (b)
Meddings determined that that the outstanding debt held by
perfected secured parties was far in exceess of the value of the
remaining assets of the Company and (c) Meddings "adbandoned to the
perfected secured parties" all assets of the Company and the
perfected secured parties "have sole possession of said assets."

In light of the transfer of the assets of the Company to Meddings
and by Meddings to the perfected secured creditors, the Company has
no assets or other resources.  In Form NT 10-Q filed 8/19/14, the
Company disclosed that it did not have the staff required to
prepare financial statements or to prepare reports required to be
filed under Section 13 or Section 15(d) of the Securities Exchange
Commission.  All officers of the Company resigned prior to the
filing of the Assignment.  The Corporation has determined that
there is no reasonable prospect of obtaining any further value for
its creditors or shareholders, and the directors of the corporation
have resigned from the Corporation, effective immediately following
Aug. 11, 2016.  No director expressed any disagreement with the
Company as a cause for his resignation.

               About ThermoEnergy Corporation

Little Rock, Ark.-based ThermoEnergy Corporation is a clean
technologies company engaged in the worldwide development of
advanced municipal and industrial wastewater treatment systems and
carbon reducing clean energy technologies.

As reported by the TCR on July 15, 2013, the Audit Committee of
ThermoEnergy Corporation's Board of Directors voted to dismiss
Grant Thornton LLP as the Company's independent registered public
accounting firm and, on the same day, engaged Moody, Famiglietti &
Andronico, LLP, as the Company's new independent registered public
accounting firm.  The dismissal was not a result of any
disagreement with the former accounting firm.

ThermoEnergy incurred a net loss of $1.61 million on $2.81 million
of revenue for the year ended Dec. 31, 2013, as compared with a
net loss of $7.38 million on $6.97 million of revenue in 2012.

The Company's balance sheet at March 31, 2014, showed $3.12
million in total assets, $9.57 million in total liabilities, $8.97
million in series C convertible redeemable preferred stock and a
$15.42 million total stockholders' deficiency.

Moody, Famiglietti & Andronico, LLP, in Tewksbury, Massachusetts,
issued a "going concern" qualification on the consolidated
financial statements for the year ended Dec. 31, 2013.  The
independent auditors noted that the Company's significant
operating losses raise substantial doubt about its ability to
continue as a going concern.


TIBCO SOFTWARE: Bank Debt Trades at 4% Off
------------------------------------------
Participations in a syndicated loan under TIBCO Software is a
borrower traded in the secondary market at 95.96
cents-on-the-dollar during the week ended Friday, August 5, 2016,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents an increase of 0.65 percentage points from the
previous week.  TIBCO Software pays 550 basis points above LIBOR to
borrow under the $1.65 billion facility. The bank loan matures on
Nov. 18, 2020 and carries Moody's B1 rating and Standard & Poor's
B- rating.  The loan is one of the biggest gainers and losers among
247 widely quoted syndicated loans with five or more bids in
secondary trading for the week ended August 5.


TOWNRIDGE INC: Must File Disclosure Statement by Oct. 24
--------------------------------------------------------
Judge Trish M. Brown of the U.S. Bankruptcy Court for the District
of Oregon entered an order setting following deadlines for
Townridge, Inc.:

   1. The deadline for the Debtor to file a Disclosure Statement
and Plan of Reorganization is October 24, 2016.

   2. By August 31, 2016, or as soon previously as practicable, the
debtor shall file an amended accurate monthly operating report for
the period ending June 30, 2016.

   3. By August 31, 2016, the debtor shall:

         a. Prepare and file all delinquent payroll tax returns and
provide a copy thereof to the United States Trustee.

         b. Provide the UST with a list of all unpaid delinquent
payroll tax liabilities.

         c. File amendments to the debtor's schedules and statement
of financial affairs as necessary to make those documents
accurate.

         d. File amendments to the debtor's projections as
necessary to make those projections accurate.

         e. Provide the UST with general ledger detail regarding
distributions and shareholder loans from January 1, 2011 to the
present.

           About Townridge, Inc.

Townridge, Inc., which operates a hotel, restaurant and bar in
Baker County, Oregon, sought chapter 11 protection (Bankr. D. Ore.
Case No. 16-32482) on June 25, 2016.  The petition was signed by
Carl Town, owner and president.  The Debtor is represented by D.
Blair Clark, Esq., at Law Offices of D. Blair Clark PC.  The case
is assigned to Judge Trish M. Brown.  The Debtor estimated assets
of $1 million to $10 million and debts of $1 million to $10 million
at the time of the filing.


TRACK GROUP: Reports Q3-FY2016 Quarterly Results
------------------------------------------------
Track Group, Inc., an end-to-end Platform-as-a-Service (PaaS)
provider of cloud-based tracking solutions in the global offender
management market, announced results from the third quarter ended
June 30, 2016, and year-to-date.

Guy Dubois, Chairman of Track Group, stated, "We now have reported
our 5th consecutive quarter of positive Adjusted EBITDA and expect
our FY 2016 organic revenue to grow by well over 30% versus last
year.  2016 is a key inflection year for Track Group that will fuel
momentum and position the company for continuous profitable
growth."

John Merrill, chief financial officer of Track Group, added,
"Demonstrated by our growth in revenue this quarter from last
quarter, or even the same period last year, Track Group's
platform-as-a-service continues to grow in our targeted markets.
Our global growth strategy is to continue expanding on a
subscription basis that empowers our end-consumers with a
single-sourced, real-time, end-to-end offender management solution
at a flexible price."

Track Group reported a net loss attributable to common shareholders
of $1.78 million on $6.75 million of total revenues for the three
months ended June 30, 2016, compared to a net loss attributable to
common shareholders of $2.90 million on $5.44 million of total
revenues for the three months ended June 30, 2015.

For the nine months ended June 30, 2016, the Company reported a net
loss attributable to common shareholders of $5.83 million on $19.7
million of total revenues compared to a net loss attributable to
common shareholders of $3.73 million on $14.9 million of total
revenues for the nine months ended June 30, 2015.

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

                     https://is.gd/4lqhxn

                       About Track Group

Track Group (formerly SecureAlert) -- http://www.trackgrp.com/--
is a global provider of customizable tracking solutions that
leverage real-time tracking data, best-practice monitoring, and
analytics capabilities to create complete, end-to-end solutions.

Track Group reported a net loss attributable to common shareholders
of $5.66 million on $20.8 million of total revenues for the fiscal
year ended Sept. 30, 2015, compared with a net loss attributable to
common shareholders of $8.76 million on $12.26 million of total
revenues for the fiscal year ended Sept. 30, 2014.

As of June 30, 2016, Track Group had $51.6 million in total assets,
$41.5 million in total liabilities and $10.2 million in total
equity.


TRANS-LUX CORP: Posts $82,000 Net Income for Second Quarter
-----------------------------------------------------------
Trans-Lux Corporation filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing net income
of $82,000 on $5.77 million of total revenues for the three months
ended June 30, 2016, compared to a net loss of $582,000 on $6.04
million of total revenues for the same period during the prior
year.

For the six months ended June 30, 2016, the Company reported a net
loss of $1.03 million on $9.61 million of total revenues compared
to a net loss of $1.26 million on $10.39 million of total revenues
for the six months ended June 30, 2015.

As of June 30, 2016, Trans-Lux had $13.13 million in total assets,
$14.24 million in total liabilities and a total stockholders'
deficit of $1.10 million.

In addition to the Company's improved second quarter, the Company
had a number of recent successes in July 2016.  The Company
completed a successful financing package for up to $3 million in a
revolving credit line for working capital and a $1 million term
loan for an upcoming equipment purchase.  The Company also redeemed
$353,000 of high interest Notes & Debentures, which had matured in
2012, at a significant discount, reducing current debt and accrued
interest from its balance sheet.  "These improvements to operating
results, working capital liquidity and our financial statements
position us well for continued growth," said Mr. Allain.

"As we move into the second half of 2016, our continued primary
focus will be increasing bottom line profits by expanding our
product line, promoting our brand and establishing new channel
partners," said Mr. Allain.

The Company's quarterly report on Form 10-Q is available from the
SEC website at https://is.gd/LlBeq2

                  About Trans-Lux Corporation

Norwalk, Conn.-based Trans-Lux Corporation (NYSE Amex: TLX) is a
designer and manufacturer of digital signage display solutions for
the financial, sports and entertainment, gaming and leasing
markets.

Trans-Lux Corporation reported a net loss of $1.74 million on
$23.56 million of total revenues for the year ended Dec. 31, 2015,
compared to a net loss of $4.62 million on $24.35 million of total
revenues for the year ended Dec. 31, 2014.

Marcum LLP, in Hartford, CT, issued a "going concern" qualification
on the consolidated financial statements for the year ended Dec.
31, 2015, noting that the Company has suffered recurring losses
from operations and has a significant working capital deficiency
that raise substantial doubt about its ability to continue as a
going concern.  Further, the Company is in default of the indenture
agreements governing its outstanding 9 1/2% subordinated debentures
which were due in 2012 and its 8 1/4% limited convertible senior
subordinated notes which were due in 2012 so that the trustees or
holders of 25% of the outstanding Debentures and Notes have the
right to demand payment immediately.  Additionally, the Company has
a significant amount due to their pension plan over the next 12
months.


TRANSGENOMIC INC: Reports Second Quarter 2016 Financial Results
---------------------------------------------------------------
Transgenomic, Inc., reported a net loss of $997,000 on $505,000 of
net sales for the three months ended June 30, 2016, compared to a
net loss of $3.27 million on $442,000 of net sales for the three
months ended June 30, 2015.

For the six months ended June 30, 2016, the Company reported a net
loss of $4.26 million on $741,000 of net sales compared to a net
loss of $6.31 million on $1.19 million of net sales for the six
months ended June 30, 2015.

As of June 30, 2016, Transgenomic had $3.09 million in total
assets, $19.38 million in total liabilities and a stockholders'
deficit of $16.29 million.

Cash and cash equivalents were $0.4 million at both June 30, 2016
and Dec. 31, 2015.

Paul Kinnon, Transgenomic president and chief executive officer,
commented, "In 2016, Transgenomic has made significant progress
towards our strategic goal of becoming a focused ICE-COLD PCR-based
precision medicine company.  Despite challenges, we have
significantly advanced our ICP commercialization strategy with the
launch of multiple CLIA tests for cancer, we joined forces with a
world-class distributor for our ICEme Kits, we conducted clinical
studies further validating the utility of our ICP liquid biopsy
technology, and we continued to work with our biopharmaceutical
partners towards developing a scalable ICP-based services business.
We have assembled and expanded our pipeline of potential partners
and collaborators and are optimistic that we will begin to enter
into revenue-generating collaborations in the coming months.  We
accomplished this while delivering on our promise to divest our
non-strategic assets, thereby significantly reducing our expenses
and generating some non-dilutive cash. The positive feedback we are
receiving from early ICP customers and potential partners is
encouraging as we move forward as a streamlined, highly focused
company dedicated to successfully commercializing our unique
ICE-COLD PCR technology, which we believe has the potential to
increase the speed of wide adoption of genomic-based precision
medicine."

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

                      https://is.gd/EdZXOX

                       About Transgenomic

Transgenomic, Inc. -- http://www.transgenomic.com/-- is a global
biotechnology company advancing personalized medicine in
cardiology, oncology, and inherited diseases through its
proprietary molecular technologies and world-class clinical and
research services.  The Company is a global leader in cardiac
genetic testing with a family of innovative products, including
its C-GAAP test, designed to detect gene mutations which indicate
cardiac disorders, or which can lead to serious adverse events.
Transgenomic has three complementary business divisions:
Transgenomic Clinical Laboratories, which specializes in molecular
diagnostics for cardiology, oncology, neurology, and mitochondrial
disorders; Transgenomic Pharmacogenomic Services, a contract
research laboratory that specializes in supporting all phases of
pre-clinical and clinical trials for oncology drugs in
development; and Transgenomic Diagnostic Tools, which produces
equipment, reagents, and other consumables that empower clinical
and research applications in molecular testing and cytogenetics.
Transgenomic believes there is significant opportunity for
continued growth across all three businesses by leveraging their
synergistic capabilities, technologies, and expertise.  The
Company actively develops and acquires new technology and other
intellectual property that strengthens its leadership in
personalized medicine.

Transgenomic reported a net loss available to common stockholders
of $34.3 million on $1.65 million of net sales for the year ended
Dec. 31, 2015, compared to a net loss available to common
stockholders of $15.08 million on $1.24 million of net sales for
the year ended Dec. 31, 2014.

Ernst & Young LLP, in Hartford, Connecticut, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the Company has recurring
losses from operations that raise substantial doubt about its
ability to continue as a going concern.


TRONOX INC: Bank Debt Trades at 2% Off
--------------------------------------
Participations in a syndicated loan under Tronox Inc is a borrower
traded in the secondary market at 97.68 cents-on-the-dollar during
the week ended Friday, July 29, 2016, according to data compiled by
LSTA/Thomson Reuters MTM Pricing.  This represents an increase of
1.01 percentage points from the previous week.  Tronox Inc pays 300
basis points above LIBOR to borrow under the $1.5 billion facility.
The bank loan matures on March 15, 2020 and carries Moody's BB
rating and Standard & Poor's B1 rating.  The loan is one of the
biggest gainers and losers among 247 widely quoted syndicated loans
with five or more bids in secondary trading for the week ended July
29.


TRUSTEES OF CONNEAUT LAKE: Unsecured Creditors May Get 5% to 10%
----------------------------------------------------------------
Trustees of Conneaut Lake Park, Inc., estimates a 5% to 10%
dividend will be made on account of unsecured claims, according to
its proposed Chapter 11 plan of reorganization.
  
According to the plan it filed with the U.S. Bankruptcy Court for
the Western District of Pennsylvania, TCLP estimates a total of
between $50,000 and $100,000 will be distributed on account of
Class 18 unsecured claims between October 2018 and July 2020.

Based upon an estimated Class 18 claim pool of approximately
$900,000, TCLP estimates a 5% to 10% dividend will be made on
account of unsecured claims.  

TCLP, however, does not guarantee the amount nor the timing of any
distribution to be made on account of Class 18 claims.  Moreover,
any default by TCLP in payment of its bankruptcy loan may result in
a cessation of payments on account of unsecured claims.

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

                   About Conneaut Lake Park

Conneaut Lake Park is a summer amusement resort, located in
Conneaut Lake, Pennsylvania.

Trustees of Conneaut Lake Park, Inc. filed a Chapter 11 bankruptcy
petition (Bankr. W.D. Pa. Case No. 14-11277) in Erie,
Pennsylvania, on Dec. 4, 2014.  The case is assigned to Judge
Thomas P. Agresti.

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

Trustees of Conneaut Lake Park filed for bankruptcy protection less
than 20 hours before the Crawford County amusement park was
scheduled to go to sheriff's sale for almost $930,000 in back taxes
and related fees.

The Debtor tapped George T. Snyder, Esq., at Stonecipher Law Firm,
in Pittsburgh, as counsel.


TUSCANY ENERGY: Wins Interim Nod to Use Armstrong Cash
------------------------------------------------------
Judge Erik P. Kimball of the U.S. Bankruptcy Court for the Southern
District of Florida authorized Tuscany Energy, LLC to use the cash
collateral of Armstrong Bank until August 10, 2016.

The approved Budget provides for total lease operating expenses in
the amount of $56,420 and total administrative expenses in the
amount of $10,850.

Judge Kimball held that Donald Sider was entitled to accrue a
$15,000 management fee until August 10, 2016.  He further held that
the Debtor will only provide Mr. Sider with a payment of up to
$10,000 during the period ending August 10, 2016, provided that the
said amount leaves the Debtor in a $500 positive cash flow position
by August 10, 2016.

Judge Kimball granted Armstrong Bank adequate protection in the
form of replacement liens to the same extent and priority that
Armstrong Bank held pre-petition.

The Debtor was directed to maintain the dollar value of $141,000 in
cash and $76,000 in accounts receivable so that on the Interim
Hearing, on August 10, 2016, the Debtor will have at least $217,000
in cash on hand and accounts receivable.

A full-text copy of the Order, dated August 4, 2016, is available
at https://is.gd/i6PK4d

                       About Tuscany Energy

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. S.D.
Fla. Case No. 16-10398) on Jan. 11, 2016, estimating its assets at
between $100,000 and $500,000 and its liabilities at between $1
million and $10 million.  The petition was signed by Donald Sider,
manager.

Judge Erik P. Kimball presides over the case.

Bradley S Shraiberg, Esq., at Shraiberg, Ferrara, & Landau P.A.
serves as the Debtor's bankruptcy counsel.



TXU CORP: 2014 Bank Debt Trades at 67% Off
------------------------------------------
Participations in a syndicated loan under TXU Corp is a borrower
traded in the secondary market at 32.81 cents-on-the-dollar during
the week ended Friday, August 5, 2016, according to data compiled
by LSTA/Thomson Reuters MTM Pricing.  This represents a decrease of
1.13 percentage points from the previous week.  TXU Corp pays 350
basis points above LIBOR to borrow under the $3.45 billion
facility. The bank loan matures on Oct. 10, 2014 and carries
Moody's WR rating and Standard & Poor's NR rating.  The loan is one
of the biggest gainers and losers among 247 widely quoted
syndicated loans with five or more bids in secondary trading for
the week ended August 5.


TXU CORP: 2017 Bank Debt Trades at 67% Off
------------------------------------------
Participations in a syndicated loan under TXU Corp is a borrower
traded in the secondary market at 33.35 cents-on-the-dollar during
the week ended Friday, August 5, 2016, according to data compiled
by LSTA/Thomson Reuters MTM Pricing.  This represents a decrease of
1.63 percentage points from the previous week.  TXU Corp pays 450
basis points above LIBOR to borrow under the $15.367 billion
facility. The bank loan matures on Oct. 10, 2017 and carries
Moody's WR rating and Standard & Poor's NR rating.  The loan is one
of the biggest gainers and losers among 247 widely quoted
syndicated loans with five or more bids in secondary trading for
the week ended August 5.





ULTRA PETROLEUM: Posts Net Income of $37.9M in 2nd Quarter 2016
---------------------------------------------------------------
Ultra Petroleum Corp. reported financial and operating results for
the second quarter of 2016.

Highlights include:

   * Produced volumes of 70.8 Bcfe of natural gas and crude oil,
   * Continued reductions in operated Pinedale well costs to $2.6
million,
   * Reduced cycle times by 15% compared to 2015,
   * Reduced lease operating expense to $0.31 per Mcfe, a 21%
reduction from 2015,
   * Increased cash balance to $269.5 million at June 30, 2016,
and
   * Generated operating cash flow of $62.4 million.

Second Quarter Results

Ultra Petroleum reported adjusted net income of $37.9 million, or
$0.25 per diluted share, for the quarter ended June 30, 2016.
Operating cash flow was $62.4 million for the quarter ended June
30, 2016.

For the second quarter of 2016, production of natural gas and oil
was 70.8 billion cubic feet equivalent (Bcfe).  The company's
production for the second quarter was comprised of 66.4 billion
cubic feet (Bcf) of natural gas and 735.4 thousand barrels (Mbls)
of oil and condensate.

During the second quarter of the year, Ultra Petroleum's average
realized natural gas price was $1.76 per thousand cubic feet (Mcf).
The company's average realized oil and condensate price was $40.54
per barrel (Bbl).

Year-to-Date Results

Ultra Petroleum reported adjusted net income of $23.6 million, or
$0.15 per diluted share, for the six months ended June 30, 2016.
Operating cash flow was $72.5 million for the six months ended June
30, 2016.

For the six months ended June 30, 2016, production of natural gas
and oil was 144.2 Bcfe, an increase of 2% from the same period in
2015.  The company's production for the six months ended June 30,
2016 was comprised of 135.0 Bcf of natural gas and 1,525.1 Mbls of
oil and condensate.

During the six months ended June 30, 2016, Ultra Petroleum's
average realized natural gas price was $1.89 per Mcf.  The
company's average realized oil and condensate price was $33.50 per
Bbl.

Wyoming - Operational Highlights

During the second quarter, Ultra Petroleum and its partners drilled
25 gross (18 net) Wyoming Lance wells and placed on production 18
gross (15 net) wells.  The second quarter average initial
production (IP) rate for new operated wells brought online was 8.6
million cubic feet equivalent (MMcfe) per day.  The company
produced a total of 65.5 Bcfe in Wyoming, averaging 719 MMcfe per
day.

The company averaged 8.1 days to drill an operated well in the
second quarter, as measured by spud to total depth (TD), a decrease
of 11% compared to 9.1 days in the second quarter of 2015.  Total
days per well, measured by rig-release to rig-release, averaged 9.9
days in the second quarter, which compares to 11.6 days in the same
quarter of 2015.

The company realized further well cost savings during the second
quarter.  The average cost to drill and complete a well was
approximately $2.6 million, which is a 16% decrease compared to
$3.1 million to drill and complete a well in the second quarter of
2015.  Assuming well costs of $2.6 million per well, estimated
ultimate recovery of 5.0 Bcfe and wellhead prices of $3.00 per Mcf
and $42.63 per barrel, the expected return for Pinedale wells is
58%.

Utah - Operational Highlights

During the second quarter of 2016, net production in Utah averaged
3,205 barrels of oil equivalent per day.

Pennsylvania – Operational Highlights

The company averaged 40 MMcf per day during the second quarter of
2016.

2016 Guidance:

Capital Expenditures: For 2016, the Company's original capital
budget was $260.0 million, reflecting the low commodity price
environment.  During the second quarter, the Company's board
approved an increase to its capital budget from $260.0 million to
$295.0.  The Company anticipates using the additional capital in
its increased budget to drill additional development wells in
Wyoming and complete some of its drilled but uncompleted wells in
Utah.

Production:  Production for 2016 is expected to range between
277 – 284 Bcfe.

Price Realizations and Differentials:  The Company's realized
natural gas price is expected to average 5 to 9 percent below the
NYMEX price due to differentials.  Realized pricing for oil and
condensate is expected to be about 6 to 10 percent below the
average NYMEX price.

Annual Income Tax:  Ultra currently projects a zero book tax rate
for 2016 and anticipates additional tax refunds during the year.

Reorganization Update

The Company said "Due to the extremely low commodity prices that we
experienced in the first quarter of 2016 and the inability to meet
certain of our debt covenants, we voluntarily chose to financially
restructure the company through a court-supervised process under
Chapter 11 of the U.S. Bankruptcy Code.   After filing for chapter
11 on April 29, 2016 in the United States Bankruptcy Court for the
Southern District of Texas, Houston Division, the company took
immediate steps through the Court to ensure continuity in its
operations, which included obtaining permission to utilize its
existing cash management system, pay certain royalty and working
interest owners, as well as field service providers, for
prepetition obligations, and implement employee retention and
incentive programs.  We have been successful in retaining the
service providers and suppliers necessary to operate our assets and
maintain our capital program, and we have not experienced any
interruptions to our operations."

"The company is now concentrating on utilizing the bankruptcy
process to maximize the value of its business enterprise for the
benefit of all stakeholders.  This process includes the analysis of
all its executory contracts and unexpired leases and the
identification of those contracts and leases for which it is
advantageous to reject and replace with more economic alternatives.
A particular focus is being placed on gathering, processing and
transportation agreements, as well as oil sales contracts.  Several
of our counterparties have already made proposals to restructure
existing agreements that we are evaluating.

"The company will also continue working with its advisors and its
creditors to develop a plan of reorganization.  The 120-day
exclusivity period, during which the company has the exclusive
right to propose a reorganization plan to the Court, expires on
August 29, 2016.  The bar date or final day to file claims is
September 1, 2016 so we have applied for an extension to
exclusivity and are confident one will be granted.

"We recently provided our creditors with a long-term asset
development plan and multi-year business outlook based on our
current assessment of market conditions and other relevant
factors."

A copy of the Company's high-level summary output of the
development plan and business outlook is available for free at
https://is.gd/a47G1L

                      About Ultra Petroleum

Ultra Petroleum Corp. is an independent oil and gas company engaged
in the development, production, operation, exploration and
acquisition of oil and natural gas properties.

Ultra Petroleum Corp. and its affiliates filed separate Chapter 11
petitions (Bankr. S.D. Tex. Case Nos. 16-32202 to 16-32209) on
April 29, 2016. The Hon. Marvin Isgur presides over the cases.

James H.M. Sprayregen, P.C., David R. Seligman, P.C., Michael B.
Slade, Esq., Christopher T. Greco, Esq., and Gregory F. Pesce,
Esq., at KIRKLAND & ELLIS LLP; and Patricia B. Tomasco, Esq.,
Matthew D. Cavenaugh, Esq., and Jennifer F. Wertz, Esq., at Jackson
Walker, L.L.P., serve as counsel to the Debtors. Rothschild Inc.
serves as the Debtors' investment banker; Petrie Partners serves as
their investment banker; and Epiq Bankruptcy Solutions, LLC, serves
as claims and noticing agent.

Ultra Petroleum Corp. listed total assets of $1.28 billion and
total liabilities of $3.91 billion as of March 31, 2016.

The petitions were signed by Garland R. Shaw, chief financial
officer.

The Company's common stock commenced trading on the OTC Pink
Marketplace under the symbol "UPLMQ" on May 3, 2016.

The Office of the U.S. Trustee has appointed seven creditors of
Ultra Petroleum Corp. to serve on the official committee of
unsecured creditors.


UNI-PIXEL INC: Incurs $6.14 Million Net Loss in Second Quarter
--------------------------------------------------------------
Uni-Pixel, Inc., filed with the Securities and Exchange Commission
its quarterly report on Form 10-Q disclosing a net loss of $6.14
million on $957,000 of revenue for the three months ended June 30,
2016, compared to a net loss of $15.74 million on $1.36 million of
revenue for the three months ended June 30, 2015.

For the six months ended June 30, 2016, the Company reported a net
loss of $14.55 million on $1.80 million of revenue compared to a
net loss of $21.42 million on $1.36 million of revenue for the same
period last year.

As of June 30, 2016, Uni-Pixel had $22.52 million in total assets,
$4.64 million in total liabilities and $17.88 million in total
shareholders' equity.

Jeffrey A. Hawthorne, president and chief executive officer of
UniPixel, said, "The just completed second quarter continues the
transformation arc of the Company.  We are extremely pleased with
the success during 2016 on winning 19 program designs, and look
forward to the revenues being recognized from that active order
pipeline as shipments begin to ramp during the second half of 2016
and increase into 2017."

"We continue to make improvements as we refine our manufacturing
processes to effectively and efficiently meet the new demand we
expect for our products," continued Mr. Hawthorne.  "In our
discussions with existing and potential new customers around the
world we continue to receive positive indications that metal mesh
technology is gaining market share as it enables tablet and PC
manufacturers to design products that are thinner, lighter, faster
with highly responsive touchscreens and optimized advanced stylus
capabilities.  We are dedicated to continually enhancing our
manufacturing capabilities at Colorado Springs to world-class
status in order to meet the needs of our customers in the coming
years."

As of June 30, 2016, the Company maintained cash and cash
equivalents of $11.3 million, working capital of $14.4 million and
no convertible notes or debt on the balance sheet.

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

                       https://is.gd/veS3lD

                       About Uni-Pixel Inc.

The Woodlands, Tex.-based Uni-Pixel, Inc. (OTC BB: UNXL)
-- http://www.unipixel.com/-- is a production stage company       

delivering its Clearly Superior(TM) Performance Engineered Films
to the Lighting & Display, Solar and Flexible Electronics market
segments.

Uni-Pixel reported a net loss of $37.02 million on $3.75 million of
revenue for the year ended Dec. 31, 2015, compared to a net loss of
$25.7 million on $0 of revenue for the year ended Dec. 31, 2014.


UNITECH SOLUTIONS: Unsecured Creditors to Get 15% Under Exit Plan
-----------------------------------------------------------------
General unsecured creditors of Unitech Solutions, Inc., will get
15% of their claims under the company's proposed plan to exit
Chapter 11 protection.

Under the plan, each general unsecured creditor will get 15% of its
claim to be paid in 36 monthly installments.  These creditors
assert a total of $115,099 in claims.

To pay general unsecured claims, Artem Belskiy and Irakli
Chikhladze will contribute personal funds in order to confirm the
plan and retain their equity interest in the company.

The plan proposes to restructure the business to focus primarily on
commercial contracts, according to the disclosure statement
explaining the plan.

A copy of the disclosure statement is available for free at
https://is.gd/94lVQt

Unitech is represented by:

     Alla Kachan, Esq.
     Law Offices of Alla Kachan, P.C.
     3099 Coney Island Ave., 3rd Floor
     Brooklyn, NY 11235
     Tel: (718) 513-3145
     Fax: (347) 342-3156
     Email: alla@kachanlaw.com

                     About Unitech Solutions

Unitech Solutions, Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D.N.Y. Case No. 15-43742) on August 13,
2015.


UNITED METALS: Voluntary Chapter 11 Case Summary
------------------------------------------------
Debtor: United Metals Holding, LLC
        1401 Woodland Avenue
        Detroit, MI 48211

Case No.: 16-51251

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: August 11, 2016

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

Judge: Hon. Mark A. Randon

Debtor's Counsel: Robert N. Bassel, Esq.
                  ROBERT BASSEL, ATTORNEY
                  P.O. Box T
                  Clinton, MI 49236
                  Tel: (248) 677-1234
                  Fax: (248) 369-4749
                  E-mail: bbassel@gmail.com

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

Estimated Liabilities: $1 million to $10 million

The petition was signed by Steven T. Silverstein, member.

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


UNIVERSAL NUTRIENTS: Aug. 17 Meeting Set to Form Creditors' Panel
-----------------------------------------------------------------
William K. Harrington, United States Trustee for Region 6, will
hold an organizational meeting on Aug. 17, 2016, at 10:00 a.m. in
the bankruptcy case of Universal Nutrients, LLC.

The meeting will be held at:

         Office of the U. S. Trustee Program
         Fritz G. Lanham Federal Building
         819 Taylor Street, Room 7A24
         Fort Worth, Texas 76102

The sole purpose of the meeting will be to form a committee or
committees of unsecured creditors in the Debtors' case.

The organizational meeting is not the meeting of creditors pursuant
to Section 341 of the Bankruptcy Code.  A representative of the
Debtor, however, may attend the Organizational Meeting, and provide
background information regarding the bankruptcy cases.

To increase participation in the Chapter 11 proceeding, Section
1102 of the Bankruptcy Code requires that the United States Trustee
appoint a committee of unsecured creditors as soon as practicable.
The Committee ordinarily consists of the persons, willing to serve,
that hold the seven largest unsecured claims against the debtor of
the kinds represented on the committee.
Section 1103 of the Bankruptcy Code provides that the Committee may
consult with the debtor, investigate the debtor and its business
operations and participate in the formulation of a plan of
reorganization.  The Committee may also perform other services as
are in the interests of the unsecured creditors whom it
represents.



USG CORP: Egan-Jones Hikes Sr. Unsecured Rating to BB
-----------------------------------------------------
Egan-Jones Ratings Company upgraded the senior unsecured ratings on
debt issued by USG Corp to BB from BB- on July 29, 2016.

USG Corporation, through its subsidiaries, manufactures and
distributes building materials. USG's two core businesses include
North American Gypsum and Worldwide Ceilings.


UTSTARCOM HOLDINGS: Reports Unaudited Results for Q2 of 2016
------------------------------------------------------------
UTStarcom Holdings Corp. reported net income of $4.84 million on
$20.02 million of net sales for the three months ended June 30,
2016, compared to net income of $2.85 million on $30.8 million of
net sales for the three months ended June 30, 2015.

For the six months ended June 30, 2016, the Company reported net
income of $3.75 million on $42.6 million of net sales compared to a
net loss of $2.53 million on $63.7 million of net sales for the
same period last year.

As of June 30, 2016, UTStarcom had $214.12 million in total assets,
$118 million in total liabilities and $96.22 million in total
equity.

Mr. Tim Ti, UTStarcom's CEO, stated, "We are glad to report a solid
quarter with revenues at the high end of our expectations, gross
margin above forty percent, and non-GAAP net profitability.  We
expect relatively soft demand in second half of 2016 due to
seasonality but continue to see healthy deal pipelines for our PTN
products."

Mr. Min Xu, UTStarcom's chief financial officer, commented, "We are
pleased to see our focus on margin resulted in positive operating
income and net profitability during the quarter.  Our cash balance
was higher than previous quarter with help from strong Japanese
Yen."

As of Jun 30, 2016, cash and cash equivalents were $81.5 million.

The Company said it will continue its focus on profitability and
operating cash flow.  The Company believes that the improvement in
business fundamentals is the necessary first step to achieve
sustainable future growth in the long run.

For the third quarter of 2016, the Company expects to generate
non-GAAP revenue in the range of $15 million to $20 million.

Mr. Ti concluded, "We continue to strike a balance between
investment in existing product lines and new products for data
center and smart city markets.  We believe we will continue to
capture opportunities in PTN markets and improve our profitability.
Meanwhile, we are building a solid foundation for future growth."

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

                     https://is.gd/wr2gmy

                    About UTStarcom, Inc.

UTStarcom, Inc. (Nasdaq: UTSI) -- http://www.utstar.com/-- is a
global leader in IP-based, end-to-end networking solutions and
international service and support.  The Company sells its
solutions to operators in both emerging and established
telecommunications markets around the world.  UTStarcom enables
its customers to rapidly deploy revenue-generating access services
using their existing infrastructure, while providing a migration
path to cost-efficient, end-to-end IP networks.  The Company's
headquarters are currently in Alameda, California, with its
research and design operations primarily in China.

UTStarcom reported a net loss of $20.7 million on $117 million of
net sales for the year ended Dec. 31, 2015, compared to a net loss
of $30.3 million on $129 million of net sales for the year ended
Dec. 31, 2014.


VANGUARD NATURAL: S&P Cuts CCR to SD on Distressed Exchange Offer
-----------------------------------------------------------------
S&P Global Ratings lowered its corporate credit rating on Vanguard
Natural Resources LLC to 'SD' from 'CC'.  S&P also lowere