TCR_Public/160817.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Wednesday, August 17, 2016, Vol. 20, No. 230

                            Headlines

401 PROPERTIES: Court Issues Amended Ch. 11 Case Dismissal Order
ACMD HOLDING: Hires AJ Gallo Associates as Counsel
ADA GIRON: Selling 2851 Property to Masons for $75K
ADA GIRON: Selling 2853 Property to Masons for $100K
AJAX INTEGRATED: Court Rules on Suits vs Vehifax, Signature

ALAN MISHKIN: Hearing on Disclosures Scheduled for Sept. 7
ALBANY LLC: Unsecureds to Recoup 10% in 12 Months Under Plan
ALGECO SCOTSMAN: S&P Lowers CCR to 'CCC+' on Merger Termination
ALLIED NEVADA: Court Dismisses Securities Suit
ALPHA NATURAL: Has Court Authority to Reject Agreement with Organs

ALTOS HORNOS: Chapter 15 Case Summary
ALTOS HORNOS: Files Chapter 15 Bankruptcy Petition in Delaware
ALTOS HORNOS: Seeks U.S. Recognition of Mexican Plan
AMERICAN RESIDENTIAL: Moody's Rates Amended $50MM 2021 Loan 'B1'
AMERICAN RESIDENTIAL: S&P Lowers CCR to 'B' on Increased Leverage

APRICUS BIOSCIENCES: Accumulated Deficit Raises Going Concern Doubt
ARGO COMPANY: Hires Robinson & Tribe as Attorneys
ARS CAPITAL: Sale of Country Club Hills Property for $120K Okayed
AZTEC OIL: Seeks Plan Exclusivity Extension Thru Dec. 13
BASIC ENERGY: S&P Lowers CCR to 'CC' on Deferred Coupon Payment

BATI INVESTMENTS: Hires Sam V. Calvert PA as Counsel
BH SUTTON: Hires LaMonica Herbst as Counsel
BIND THERAPEUTICS: Liquidation Plan & Disclosure Statement Filed
BIOSCRIP INC: S&P Affirms 'CCC+' CCR & Revises Outlook to Stable
BOISE CASCADE: Moody's Assigns B1 Rating on New Sr. Unsec. Notes

BOISE CASCADE: S&P Assigns 'BB-' Rating on Proposed $300MM Notes
BREITBURN ENERGY: Creditors' Panel Hires Porter as Special Counsel
BURGI CORP: Hires Goodrich & Reely as Counsel
BURGI ENGINEERS: Hires Junkermier Clark as Accountants
BURGI ENGINEERS: Hires Rocky Mountain Law as Special Counsel

CADIZ INC: Substantial Doubt Looms Over Uncertainty to Raise Funds
CARMEN VARA: Unsecureds to Be Paid $10,000 in Five Years
CASTLE PINES: Hires Smith Gilliam as Counsel
CHAU DO PAPATHEODOROU: Selling Palo Alto Property for $2.73M
CHESAPEAKE ENERGY: Moody's Rates $1BB 1st-Lien Term Loan Caa1

CHESAPEAKE ENERGY: S&P Lowers CCR to 'CC', Outlook Negative
CHEZ JACQUELINE: Hires Dahiya Law as Bankruptcy Counsel
CHIEFTAIN STEEL: Court Extends Plan Filing Date to Dec. 28
CROWN MEDIA: S&P Affirms Then Withdraws 'BB-' CCR
CS MINING: Taps FTI Consulting as Restructuring Advisor

D.J. SIMMONS: Has Until Dec. 31 to Use BOKF Cash Collateral
DALLAS PROTON: RPM Joins in Hunt's Objection to Disclosures
DC ENERGY: Operating Account Funds are Estate Property, Court Says
DEL MONTE FOODS: S&P Affirms 'B-' CCR, Outlook Still Negative
DIAMOND RESORTS: Moody's Rates New $400MM Sr. Secured Notes B1

DIKA-MATTESON: Can Use Cash Collateral Until Sept. 20
ESSAR STEEL: Hires Professionals in Ordinary Course of Business
ETRADE FINANCIAL: S&P Assigns BB- Rating on $400MM Preferred Stock
FIRST PHOENIX-WESTON: Case Summary & 20 Top Unsecured Creditors
FIRST PHOENIX-WESTON: Hires Barbara De Baere Poppy as Accountants

FIRST PHOENIX-WESTON: Obtains $1.5M DIP Commitment from Part-Owner
FIRST PHOENIX-WESTON: Stoney River Facility Files for Ch. 11
FIRST PHOENIX-WESTON: Taps Michael Best as Bankruptcy Counsel
FOREVERGREEN WORLDWIDE: Deficit Raises Going Concern Doubt
FORT IRWIN: Moody's Affirms Ba2 Rating on Class III Bonds

FRANK MOULTRIE: Unsecureds to Get Pro Rata Share of $50,000
FRONTIER STAR: Ch.11 Trustee Hires Aaron Fox as Special Counsel
FRYMIRE SERVICES: Can Use Cash Collateral on Interim Basis
GAETANO TRUST: Court Junks Chapter 11 Proceedings
GENERAL CERAMICS: Dismissal of "Haskell" Suit Partly Affirmed

GOLDEN AGE CONVELESCENT: Taps Gorski Firm as Counsel
GOSPEL TABERNACLE: Wants to Use Multibank 2009-1 CRE Venture Cash
GRAND PANAMA RESORT: Seeks Authority to Use AKSIM Cash Collateral
GULF CHEMICAL: Committee Hires Province as Financial Advisors
GULF CHEMICAL: Creditors' Panel Hires Lowenstein as Counsel

HALCON RESOURCES: Unsecureds to Recoup 100% Under Plan
HEBREW HEALTH: Case Summary & Largest Unsecured Creditors
HOVBROS PROPERTIES: Hires Ciardi Ciardi & Astin as Counsel
ICMFG & ASSOCIATES: Hires Stichter Riedel as Counsel
INTREPID POTASH: Covenant Problems Raises Going Concern Doubt

IPAYMENT INC: S&P Lowers CCR to 'CCC' on Refinancing Risk
JADECO CONSTRUCTION: Court OKs Public Auction for Equipment
JOHN Q. HAMMONS: Hires HVS for Appraisal and Consulting Services
KENNETH LEONARD DYMMEL: Approval of Disclosure Statement Stayed
KLEEN LAUNDRY: Hires Ford & McPartlin as Attorneys

L. SCOTT APPAREL: Sharron et al Breached Loan as of Petition Date
LAST CALL GUARANTOR: Has Until Aug. 19 to Use Cash Collateral
LDI MANAGEMENT: Wants to Use IRS Cash Collateral
LOUISIANA CRANE: Hires Taylor Porter as Special Counsel
LOUISIANA CRANE: Hires Three Rivers for Restructuring & Finance

MARIA RODRIGUEZ: Sale of Berwyn Property for $400K Approved
MAXUS ENERGY: Creditors' Panel Hires BRG as Financial Advisor
MAXUS ENERGY: Creditors' Panel Hires Cole Schotz as Co-Counsel
MAXUS ENERGY: Creditors' Panel Hires Schulte Roth as Counsel
MEG ENERGY: Bank Debt Trades at 9% Off

MENORAH CONGREGATION: Feldman, Loos Have $42,500 Secured Claims
METROTEK ELECTRICAL: Case Summary & 20 Top Unsecured Creditors
MILLENIUM SUPER STOP II: Proposes Cash Use Until November
MOBILESMITH INC: Negative Cash Flows Raise Going Concern Doubt
MODULAR SPACE: S&P Lowers CCR to 'CCC' & Revises Watch to Negative

MOXIAN INC: Cash Flow Problems Raises Substantial Doubt
N.E. DESIGNS: Hires Creim Macias Koeng & Frey as Counsel
NATIONAL CINEMEDIA: Moody's Rates $250MM Sr. Unsecured Notes B2
NATIONAL CINEMEDIA: S&P Rates Proposed $250MM Sr. Unsec. Notes 'B'
NEW YORK CRANE: Taps LaMonica Herbst as James Lomma's Counsel

NOBLE GROUP: Moody's Lowers CFR & Sr. Unsec. Bond Ratings to B2
NOVELIS CORP: Moody's Assigns B2 Rating on $525MM Notes
NOVELIS INC: S&P Affirms 'B+' CCR & Rates $525MM Notes 'B'
NRG YIELD: S&P Lowers CCR to 'BB', Outlook Stable
PACIFIC SUNWEAR: Taps Deloitte to Prepare US Tax Return

PARSLEY ENERGY: Unsec. Notes Offering No Impact on Moody's B2 CFR
PAUL F. WALLACE: Unsecured Creditors to Recover 100%
PHOENIX LIFE: S&P Raises Counterparty Credit Ratings to 'BB-'
PICO HOLDINGS: Bloggers Denounce Retention of Synthonics Stake
PIER 1 IMPORTS: S&P Lowers CCR to 'B', Outlook Stable

PINNACLE OPERATING: S&P Lowers CCR to 'CCC+', Outlook Stable
PORTER BANCORP: Leverage Ratios Raises Going Concern Doubt
PRECISION INDUSTRIAL: Hires Structured Finance as Rate Expert
PRECISION WELDING: Case Summary & 20 Largest Unsecured Creditors
PRECISION WELDING: Case Summary & 20 Largest Unsecured Creditors

PROSOLUTIONS LLC: Hires Aiken Schenk as Counsel
RED RIVER SOUTH: Hires William Kostelka as Accountant
REO HOLDINGS: Chapter 11 Trustee Names Eva Lemeh as Attorney
REO HOLDINGS: Trustee Hires Larry Williams as Accountant
RICHARD MERRITT: Court to Take Up Bankruptcy Plan on Sept. 13

ROBISON TIRE: Proposes Online Auction of Goodyear Inventory
ROTARY DRILLING TOOLS: Can Get DIP Financing From PNC Bank
RUSSELL COX: Court to Take Up Exit Plan on Sept. 19
SALEM MEDIA: S&P Revises Outlook to Stable & Affirms 'B-' CCR
SAMUEL FIGUEROA: Files Plan to Exit Chapter 11 Protection

SANDERS COMMERCIAL: Motion for More Time to File Plan Withdrawn
SANDERS COMMERCIAL: Withdraws Bid to Extend Exclusivity Periods
SEVENTY SEVEN: S&P Raises Rating on 1st Lien Sec. Term Loan to 'B'
SINCLAIR TELEVISION: Moody's Rates New $350MM Unsec. Notes 'B1'
SINCLAIR TELEVISION: S&P Rates New $350MM Sr. Unsec. Notes 'B+'

STONE ENERGY: Financial Covenants Raise Going Concern Doubt
SUCCESS INC: Hires Neubert Pepe as Counsel
SUCN. PEDRO: Hires Carlos A. Piovanetti Dohnert as Attorney
SUNEDISON INC: Exclusivity Periods Extended Through Nov. 17
SUNEDISON INC: Selling Interests in Minnesota Projects for $80M

SUNEDISON INC: Selling Interests in Project Companies for $144M
SUNPOWER BY RENEWABLE ENERGY: Wants Authority to Use Cash
SYNCARDIA SYSTEMS: Says It's Not Heading Out of the Market
SYNCARDIA SYSTEMS: Sindex-Led Auction on Sept. 14
TAG FINANCIAL: Accord Financial Objects to Cash Collateral Use

TURKEYFOOT LAKE: Hires Lou-Ray Associates as Accountant
TUSCANY ENERGY: Has Until Sept. 10 to Use Cash Collateral
UNIVERSAL NUTRIENTS: Can Get DIP Loan From Exeter International
WESLEY MEDICAL: Unsecureds to Recoup 100% Under Plan
WESTERN HIPERBARIC: Prexy Pays $4K Retainer to Bankruptcy Counsel

WISCONSIN DAIRY GOAT: Taps Honkamp as Accountant
WOMEN'S WELLNESS: Court Extends Plan Filing Deadline Until Nov. 14
XPO LOGISTICS: S&P Assigns 'BB-' Rating on New Term Loan Due 2021
[*] Smiley Wang-Ekvall Gets Tier One Ranking in Best Law Firms List

                            *********

401 PROPERTIES: Court Issues Amended Ch. 11 Case Dismissal Order
----------------------------------------------------------------
Judge Jacqueline P. Cox of the United States Bankruptcy Court for
the Northern District of Illinois, Eastern Division, on Aug. 10,
2016, issued an amended order dismissing the bankruptcy case
captioned In re 401 Properties Limited Partnership, Debtor, Bankr.
No. 14-44983 (Bankr. N.D. Ill.).

The bankruptcy case was dismissed on the motions of the U.S.
Trustee and Legacy Re and Rock Solid.

The case involves the efforts of 401 Properties Limited
Partnership, to reorganize under chapter 11 of the Bankruptcy Code.
401 Properties is a single asset real estate entity which owns
commercial real estate, a building located at 401 S. LaSalle
Street, Chicago, Illinois.  The property is a multi-tenant office
building with retail space on the ground floor.  401 Properties'
amended petition alleged that its assets are worth between $1
million and $10 million.  The claims are in excess of $15 million.

The Amended Order made mention of a Multi-Party Exchange Settlement
Agreement which was no longer mentioned in Doc. 300, but this did
not affect the conclusion of the memorandum opinion.  The Amended
Order also specified that the motion to appoint a chapter 11
trustee is denied.

A full-text copy of Judge Cox's August 10, 2016 Amended Memorandum
is available at http://bankrupt.com/misc/ilnb14-44983-300.pdf

                        About 401 Properties

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


ACMD HOLDING: Hires AJ Gallo Associates as Counsel
--------------------------------------------------
ACMD Holding Corp., seeks authorization from the U.S. Bankruptcy
Court for the Eastern District of New York to employ AJ Gallo
Associates, PC as counsel for the Debtor and Debtor-in-Possession.

The Debtor requires AJ Gallo Associates to:
      
    a. provide advice to the Debtor with respect to its powers and
duties under the Bankruptcy Code in the continued operation of its
business;
  
    b. negotiate with creditors of the Debtor, preparing a plan of
reorganization and taking the necessary legal steps to consummate a
plan;

    c. appear before the various taxing authorities to work out a
plan to pay taxes owing in installments;

    d. prepare on the Debtor's behalf necessary applications,
motions, answers, replies, discovery requests, forms of orders,
reports and other pleadings and legal documents;

    e. appear before this Court to protect the interests of the
Debtor and its estate, and representing the Debtor in all matters
pending before this Court; and               

    f. perform all other legal  services for the Debtor that may be
necessary herein.

AJ Gallo Associates will be paid at these hourly rates:

     Anthony J. Gallo, Esq.               $375
     Associates                           $250
     Paraprofessionals                    $110

AJ Gallo Associates will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Anthony J. Gallo, Esq., member of AJ Gallo Associates, PC, assured
the Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtor and its estates.

AJ Gallo Associates may be reached at:

      Anthony J. Gallo, Esq.
      AJ Gallo Associates, PC
      6080 Jericho Turnpike Street
      Commack, NY 11725
      Phone: (631)499-4318

                  About ACMD Holding Corp.

ACMD Holding Corp. filed a Chapter 11 bankruptcy petition (Bankr.
E.D.N.Y. Case No. 16-72994) on July 5, 2016.  Anthony J. Gallo,
Esq. at AJ Gallo Associates, PC as bankruptcy counsel.


ADA GIRON: Selling 2851 Property to Masons for $75K
---------------------------------------------------
On Dec. 15, 2016, at 10:00 a.m., Ada A. Giron, by and through her
counsel, Penelope N. Bach of Sulaiman Law Group, Ltd., will ask the
U.S. Bankruptcy Court for the Northern District of Illinois to
authorize the sale of real property located at 2851 W. Cermak,
Chicago, Illinois ("2851 Property") to James Mason and Margaret
Mason for $75,000, subject to overbid.

The only lien on the 2851 Property is a mortgage executed by Ada A.
Giron and given to Waterfall Olympic Master Fund (serviced through
KeyBank) with a payoff balance in the approximate amount of
$427,2176.  Upon information and belief, all real estate taxes for
the property are paid and current.

As a result of negotiations between the Debtor and the Masons, the
Debtor entered into a Real Estate Contract ("Contract") which was
accepted on Aug. 9, 2016 for the sale of the 2851 Property.

A copy of the Contract attached to the Motion is available for free
at:

       http://bankrupt.com/misc/Ada_Giron_314_Sales.pdf

All proceeds after the payment of costs of sale including the
balance on the mortgage and real estate taxes noted will be
tendered to Waterfall Olympic Master Fund (serviced through
KeyBank).  The buyers have paid an initial earnest money deposit of
$1,000 which is being held by International Real Estate Corp. The
balance of the purchase price is to be paid in at closing.

Ada A. Giron sought Chapter 11 protection (Bankr. N.D. Ill. Case
No. 15-07521) on March 3, 2015.  The Debtor tapped Paul M. Bach,
Esq., and Penelope N. Bach, Esq., at Sulaiman Law Group, LTD., as
counsel.


ADA GIRON: Selling 2853 Property to Masons for $100K
----------------------------------------------------
On Dec. 15, 2016, at 10:00 a.m., Ada A. Giron, by and through her
counsel, Penelope N. Bach of Sulaiman Law Group, Ltd., will ask the
U.S. Bankruptcy Court for the Northern District of Illinois to
authorize the sale of real property located at 2853 W. Cermak,
Chicago, Illinois ("2853 Property") to James Mason and Margaret
Mason for $100,000, subject to overbid.

The only lien on the 2853 Property is a mortgage executed by Ada A.
Giron and given to Byline Bank with a payoff balance in the
approximate amount of $585,378.  Upon information and belief, all
real estate taxes for the property are paid and current.

As a result of negotiations between the Debtor and the Masons, the
Debtor entered into a Real Estate Contract ("Contract") which was
accepted on Aug. 9, 2016 for the sale of the 2853 Property.

A copy of the Contract attached to the Motion is available for free
at:

       http://bankrupt.com/misc/Ada_Giron_315_Sales.pdf

All proceeds after the payment of costs of sale including the
balance on the mortgage and real estate taxes noted will be
tendered to Byline Bank.  The buyers have paid an initial earnest
money deposit of $1,000 which is being held by International Real
Estate Corp.  The balance of the purchase price is to be paid in at
closing.

Ada A. Giron sought Chapter 11 protection (Bankr. N.D. Ill. Case
No. 15-07521) on March 3, 2015.  The Debtor tapped Paul M. Bach,
Esq., and Penelope N. Bach, Esq., at Sulaiman Law Group, LTD., as
counsel.


AJAX INTEGRATED: Court Rules on Suits vs Vehifax, Signature
-----------------------------------------------------------
Judge Margaret Cangilos-Ruiz of the United States Bankruptcy Court
for the Northern District of New York has entered separate
judgments in two adversary proceedings as follows:

(1) In the adversary proceeding captioned Mary Lannon Fangio in her
official capacity as trustee pursuant to 11 U.S.C. section 1104 of
the bankruptcy estate of Ajax Integrated, LLC, Plaintiff, v.
Vehifax Corporation, Defendant, Adv. Proc. No. 15-50001 (Bankr.
N.D.N.Y.), summary judgment was granted in favor of the Trustee and
all counterclaims dismissed.  Judge Cangilos-Ruiz found that the
Lease Agreement constitutes a secured transaction, with a
reservation of rights as to Signature's claim that it holds a
perfected, first-priority security interest in the Equipment and
sale proceeds;

(2) In the adversary proceeding captioned Mary Lannon Fangio in her
official capacity as trustee pursuant to 11 U.S.C. section 1104 of
the bankruptcy estate of Ajax Integrated, LLC, Plaintiff, v.
Signature Financial, LLC, Defendant, Adv. Proc. No. 15-50005
(Bankr. N.D.N.Y.), partial summary judgment was granted in favor of
the Trustee, Judge Cangilos-Ruiz found that the Lease Agreement
constitutes a secured transaction and dismissed counterclaims 1, 3,
and 4, with leave granted to the plaintiff to amend her pleadings
to affirmatively plead a buyer in the ordinary course of business
defense.

The bankruptcy case is In re: Ajax Integrated, LLC, Chapter 11,
Debtor, Case No. 14-30435 (Bankr. N.D.N.Y.).

A full-text copy of Judge Cangilos-Ruiz's August 4, 2016 memorandum
decision and order is available at https://is.gd/PIalBO from
Leagle.com.

Mary Lannon Fangio-Trustee is represented by:

          Edward Y. Crossmore, Esq.
          THE CROSSMORE LAW OFFICE
          115 W Green St
          Ithaca, NY 14850-5419
          Tel: (607)273-5787
          Fax: (607)273-0291

Vehifax Corp., Vehifax Corp. are represented by:

          Marco B. Koshykar, Esq.
          NOLAN & HELLER, LLP
          39 N. Pearl Street, 3rd Floor
          Albany, NY 12207
          Tel: (518)449-3300
          Fax: (518)432-3123
          Email: mkoshykar@nolanandheller.com


ALAN MISHKIN: Hearing on Disclosures Scheduled for Sept. 7
----------------------------------------------------------
The Hon. Paul Sala of the U.S. Bankruptcy Court for the District of
Arizona has set for Sept. 7, 2016, at 1:30 p.m. the hearing to
consider the approval of the disclosure statement filed by the
official committee of unsecured creditors appointed in Alan
Mishkin's Chapter 11 case.

The last day for filing with the Court objections to the Disclosure
Statement is fixed at five business days prior to the hearing date
set for approval of the Committee Disclosure Statement.

As reported by the Troubled Company Reporter on Aug. 8, 2016,
unsecured creditors will receive full payment of their claims under
a restructuring plan proposed by the Committee.  Under the plan,
unsecured claims will be paid in full from the proceeds of the sale
of Mr. Mishkin's membership interests in 10K, LLC and McWin, LLC.
Unsecured creditors will receive cash payment within 30 days of the
closing of the sale.

Alan R. Mishkin filed for Chapter 11 bankruptcy protection (Bankr.
D. Ariz. Case No. 15-15440) on Dec. 7, 2015.


ALBANY LLC: Unsecureds to Recoup 10% in 12 Months Under Plan
------------------------------------------------------------
Albany LLC filed with the U.S. Bankruptcy Court for the Northern
District of Illinois an amended disclosure statement dated July 27,
2016, which describes the Debtor's Chapter 11 plan.

Under the Plan, Class 3 General Unsecured Claims, which total
$27,000, are impaired, and 10% of the allowed amount will be paid
in full within 12 months of the Plan Effective Date.

Class 3 consists of the claims are all of the other claims against
the Debtor that are neither secured nor entitled to priority and
the Debtor's schedules indicate a total $27,000 in non-insider
claims for this class.  This class will be paid 5% of allowed claim
in equal quarterly installments over 5 years from the effective
date.  This class is impaired and entitled to vote.

Administrative claims will be paid from the Debtor's cash on hand
and future operations, secured classes will be paid from the
Debtor's cash on hand and future earnings, priority classes will be
paid from the funds on hand and in some cases from future earnings,
and unsecured classes from the Debtor's future operations.  In
addition, the new value contribution may be used to fund Plan
payments.

The Disclosure Statement is available at:

           http://bankrupt.com/misc/ilnb16-02426-60.pdf

The Plan was filed by:

     O. Allan Fridman, Esq.
     555 Skokie Boulevard
     Suite 500
     Northbrook, IL 60062
     Tel: (847) 412-0788
     E-mail: allan@fridlg.com

                        About Albany LLC.           

Albany LLC was formed as an Illinois Limited Liability Company in
2001.  In 2003 the Debtor acquired the property located at 1771 W.
Greenleaf, Chicago, Illinois.  The property consists of a two story
mixed-use building with 5 first floor commercial spaces and 5
apartments on the second floor.  The Debtor is a single member LLC
and is managed by Don Schien.

The Debtor filed a bankruptcy petition (Bankr. N.D. Ill. Case No.
16-02426) on Jan. 27, 2016.  The case is assigned to Judge Carol A.
Doyle.  The Debtor is represented by O. Allan Fridman, Esq.  At the
time of the filing, the Debtor estimated its assets and liabilities
at less than $1 million.


ALGECO SCOTSMAN: S&P Lowers CCR to 'CCC+' on Merger Termination
---------------------------------------------------------------
S&P Global Ratings said that it lowered its corporate credit rating
on modular space provider Algeco Scotsman Global S.a.r.l. to 'CCC+'
from 'B-'.  At the same time, S&P lowered the senior secured debt
rating to 'CCC+' from 'B-'; the recovery rating is unchanged at
'4', indicating S&P's expectation of average (30%-50%; lower half
of the range) recovery in the event of default.  In addition, S&P
lowered the senior unsecured debt rating to 'CCC-' from 'CCC'; the
recovery rating is unchanged at '6', indicating S&P's expectation
of negligible (0%-10%) recovery in the event of default.  S&P also
revised the CreditWatch status of the ratings to negative from
developing.

"The downgrade is based on the merger termination and our questions
about the company's liquidity, which have caused us to re-assess
its liquidity as less than sufficient.  Algeco Scotsman's
asset-based credit facility matures June 1, 2017.  The company's
revenues and cash flow have been under pressure due to weaker
demand and foreign-currency translation losses, trends we expect to
continue.  As of March 31, 2016, the company had about $1.1 billion
drawn (almost the full amount under its borrowing base) on its
$1.355 billion asset-based facility.  We also believe Algeco
Scotsman's financial commitments are unsustainable in the long term
due to its very high leverage.

S&P will resolve the CreditWatch placement when it obtains more
information about the potential refinancing of the company's asset
based facility.  If S&P believes the company is unable to refinance
this facility, it could lower ratings further.


ALLIED NEVADA: Court Dismisses Securities Suit
----------------------------------------------
In the case captioned IN RE ALLIED NEVADA GOLD CORP., SECURITIES
LITIGATION, No. 3:14-CV-00175-LRH-WGC (D. Nev.), Judge Larry R.
Hicks of the United States District Court for the District of
Nevada granted the defendants' motion and dismissed the plaintiffs'
complaint without prejudice.

A full-text copy of Judge Hicks's August 8, 2016 order is available
at https://is.gd/qcrUTE from Leagle.com.

The case is a federal securities class action on behalf of
investors who purchased stock in Allied Nevada Gold Corporation
between January 18, 2013, and August 5, 2013.

Movses Marjanian, Plaintiff, represented by Mario Alba, Jr. --
malba@rgrdlaw.com -- Robbins Geller Rudman & Dowd LLP, pro hac
vice, Martin A. Muckleroy, Muckleroy Lunt, Samuel H. Rudman --
srudman@rgrdlaw.com -- Robbins Geller Rudman & Dowd LLP, pro hac
vice & David C. OMara, The OMara Law Firm, P.C..

Jose Parraga, Jeanette Parraga, Plaintiff, represented by Matthew
L. Sharp, Matthew L. Sharp, Ltd..

Janet Martinez, Plaintiff, represented by Andrew R. Muehlbauer,
Muehlbauer Law Office, Ltd., pro hac vice, Griffith H. Hayes --
ghayes@cookseylaw.com -- Cooksey, Toolen, Gage, Duffy & Woog &
Jeremy Alan Lieberman -- jalieberman@pomlaw.com -- Pomerantz LLP,
pro hac vice.

Jeff Croucier, Movant, represented by Erik D. Buzzard --
ebuzzard@palumbolawyers.com -- Palumbo Bergstrom LLP & Sean P.
Connell -- sconnell@palumbolawyers.com -- Palumbo Bergstrom LLP.

LBP Holdings Ltd., Movant, represented by Griffith H. Hayes,
Cooksey, Toolen, Gage, Duffy & Woog, Jeremy Alan Lieberman,
Pomerantz LLP, pro hac vice, Patrick V. Dahlstrom --
pdahlstrom@pomlaw.com -- Pomerantz Haudek Block Grossman & Gross
LLP & Andrew R. Muehlbauer, Muehlbauer Law Office, Ltd., pro hac
vice.

Richard Heil, Movant, represented by Naumon A. Amjed --
namjed@ktmc.com -- Kessler Topaz Meltzer & Check, LLP, Ryan Thomas
Degnan -- rdegnan@ktmc.com -- Kessler Topaz Meltzer & Check, LLP &
Kirk B. Lenhard -- klenhard@bhfs.com -- Brownstein Hyatt Farber
Schreck, LLP.

State-Boston Retirement System, Movant, represented by Christopher
Joseph Keller, Labaton Sucharow LLP, Michael W. stocker, Labaton
Sucharow LLP & Kirk B. Lenhard, Brownstein Hyatt Farber Schreck,
LLP.

United Teamster Pension Fund-A, Sherman Olson, Susan Olson,
Movants, represented by Brian O. O'Mara, Robbins Geller Rudman &
Dowd LLP.

Thomas Frost, Movant, represented by Lionel Z. Glancy, Glancy
Prongay & Murray LLP, Michael M. Goldberg, Goldberg Law PC, pro hac
vice & Patrick R. Leverty, Leverty & Associates Chtd.

Beth Frost, Beth Thomas, Movants, represented by Patrick R.
Leverty, Leverty & Associates Chtd.

Allied Nevada Gold Corp., Defendant, represented by Brendan Peter
Cullen, Sullivan & Cromwell LLP, pro hac vice, Laura K. Oswell,
Sullivan & Cromwell, LLP, pro hac vice, Nathaniel Lyon Green,
Sullivan & Cromwell, LLP, pro hac vice & Robert A. Sacks, Sullivan
& Cromwell LLP., pro hac vice.

Scott A Caldwell, Robert M Buchan, Randy E Buffington, Stephen M
Jones, Defendants, represented by Anjali D. Webster, Gordon Silver,
Brendan Peter Cullen, Sullivan & Cromwell LLP, pro hac vice, Brian
R. Irvine, Dickinson Wright, Laura K. Oswell, Sullivan & Cromwell,
LLP, pro hac vice, Nathaniel Lyon Green, Sullivan & Cromwell, LLP,
pro hac vice,Robert A. Sacks, Sullivan & Cromwell LLP., pro hac
vice & John Desmond, Dickinson Wright.

Jeff Croucier, Defendant, represented by Erik D. Buzzard, Palumbo
Bergstrom LLP & Sean P. Connell, Palumbo Bergstrom LLP.

Andrey Slomnitsky, Consol Plaintiff, represented by Brian E. Lunt,
Aaron & Paternoster, Ltd., Charles J. Piven, Brower Piven, pro hac
vice, David A.P. Brower, Brower Piven & Martin A. Muckleroy,
Muckleroy Lunt.

                   About Allied Nevada

Allied Nevada Gold Corp. ("ANV"), a Delaware corporation, is a
publicly traded U.S.-based gold and silver producer engaged in
mining, developing and exploring properties in the State of
Nevada.

ANV was spun off from Vista Gold Corp. in 2006 and began
Operations in May 2007.  Nevada-based mining properties acquired
from Vista include the Hycroft Mine, an open-pit heap leach
operation located 54 miles west of Winnemucca, Nevada.  ANV
controls 75 exploration properties throughout Nevada as of Dec.
31,
2014.

On March 10, 2015, ANV and 13 affiliated debtors each filed a
voluntary petition for relief under Chapter 11 of the U.S.
Bankruptcy Code in the United States Bankruptcy Court for the
District of Delaware.  The cases are jointly administered under
Lead Case No. 15-10503.  The cases are assigned to Judge Mary F.
Walrath.

The Debtors have tapped Blank Rome LLP and Akin Gump Strauss Hauer
& Feld LLP as attorneys; FTI Consulting Inc. as financial advisor;
Moelis & Company as financial advisor; and Prime Clerk LLC as
claims and noticing agent.

ANV disclosed $941 million in total assets and $664 million in
total debt as of Dec. 31, 2014.

BankruptcyData reported that Allied Nevada Gold's Amended Joint
Chapter 11 Plan of Reorganization became effective and the Company
emerged from Chapter 11 protection.

The Court confirmed the Plan on Oct. 8, 2015.  Highlights of the
Plan include the following: As a result of the financial
restructuring, the Company eliminated approximately $447.7 million
of debt and related interest payments from its balance sheet.  The
Company closed two financings: a $126.7 million first lien term
loan credit agreement and $95 million of second lien convertible
notes.  The credit agreement proceeds were used to repay the
Company's outstanding loan obligations related to its revolving
credit agreement and the amounts owed under the Company's diesel
and cross-currency swap arrangements.


ALPHA NATURAL: Has Court Authority to Reject Agreement with Organs
------------------------------------------------------------------
Judge Kevin R. Huennekens of the United States Bankruptcy Court for
the Eastern District of Virginia concluded that Alpha Natural
Resources, Inc., et al., can reject under Section 365 of the
Bankruptcy Code the agreement between John and Eunice Organ and
Ayrshire Collieries Corporation, a predecessor in interest to one
of the Debtors.

Judge Huennekens found that the rejection of the agreement is
within the Debtors' sound business judgment because the agreement
is not necessary to their ongoing restructuring efforts.  The judge
found that the Debtors no longer receive any benefits from the
agreement, and the agreement imposes an undue burden on the
Debtors' estate.

A full-text copy of Judge Huennekens' August 11, 2016 memorandum
opinion is available at
http://bankrupt.com/misc/vaeb15-33896-3250.pdf

In the case captioned IN RE: ALPHA NATURAL RESOURCES, INC., et al.,
Debtors, Case No. 15-33896-KRH (Bankr. E.D. Va.).

                  About Alpha Natural Resources

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

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

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

Judge Kevin R. Huennekens presides over the cases.

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

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

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

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

                            *     *     *

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

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


ALTOS HORNOS: Chapter 15 Case Summary
-------------------------------------
Chapter 15 Debtor: Altos Hornos de Mexico, S.A.B. de C.V.
                   Prolongacion Juarez s/n, Col. La Loma
                   Monclova, CA 25770
                   Mexico

Chapter 15 Case No.: 16-11890

Type of Business: Steel Producer

Chapter 15 Petition Date: August 16, 2016

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

Debtor's Authorized
Representative:        Francisco Javier Gaxiola Fernandez
                       Av. Tamaulipas No. 191 Col.
                       Hipodromo Condesa C.P.
                       Mexico, D.F. 06170

Judge: Hon. Kevin Gross

Chapter 15 Debtor's Counsel:     Erin R Fay, Esq.
                                 MORRIS, NICHOLS, ARSHT &
                                 TUNNELL, LLP
                                 1201 North Market Street
                                 PO Box 1347
                                 Wilmington, DE 19801
                                 Tel: 302-351-9668
                                 Fax: 302-225-2561
                                 E-mail: efay@mnat.com

                                    - and -

                                 Matthew Barry Lunn, Esq.
                                 YOUNG, CONAWAY, STARGATT &
                                 TAYLOR LLP
                                 1000 North King Street
                                 Wilmington, DE 19801
                                 Tel: 302-571-6600
                                 E-mail: bankfilings@ycst.com
                                         mlunn@ycst.com

Estimated Assets: Not Indicated

Estimated Debts: Not Indicated


ALTOS HORNOS: Files Chapter 15 Bankruptcy Petition in Delaware
--------------------------------------------------------------
Altos Hornos de Mexico S.A.B. de C.V. , one of Mexico's largest
integrated steel producers, on Aug. 16 reported that its court
approved foreign representative, Mr. Francisco Xavier Gaxiola
Fernandez, has filed a petition on behalf of the Company seeking
protection under chapter 15 of the U.S. Bankruptcy Code in the U.S.
Bankruptcy Court for the District of Delaware (the "U.S. Court").

The filing of AHMSA's chapter 15 petition follows the acceptance of
the Company's general payment agreement (the "Restructuring Plan")
by recognized creditors at its April 18, 2016 creditors meeting and
the subsequent lifting of the Company's SP Proceeding approved by
the Mexican Court through the Lifting Order issued on May 16, 2016.
As the applicable appeals time period with respect to the Lifting
Order in Mexico has expired without an appeal having been filed and
without opposition of any of the creditors, the Lifting Order is
now a final, non-appealable order.  Under the chapter 15 process,
the Company will have a centralized U.S. court process to address
matters related to the administration of the approved Restructuring
Plan and the enforcement of the Lifting Order in the U.S.

In its petition for chapter 15 protection, AHMSA requests that the
U.S. Court recognize the SP Proceeding as the foreign main
proceeding and give full effect and force in the U.S. to the
Lifting Order, facilitating the orderly implementation of the
approved Restructuring Plan.  AHMSA's chapter 15 petition also asks
that the U.S. Court enjoin all parties from commencing or taking
any action in the U.S. to obtain possession of, exercise control
over, or assert claims against AHMSA or its assets in the U.S. in
contravention of the Restructuring Plan or the Lifting Order.

Securing chapter 15 protection will enhance AHMSA's ability to
focus financial resources on fulfilling the Company's obligations
to creditors—namely, the SP Payment Rights.  Additionally,
chapter 15 protection will enable AHMSA to progress as a viable and
healthy business with the sound capital structure developed through
the Restructuring Plan, building upon its competitive strengths as
one of Mexico's largest integrated steel producers.

This press release does not constitute an offer to sell, or a
solicitation of an offer to purchase, the securities described
herein, in any jurisdiction, to or from any person to whom it is
unlawful to make such offer or solicitation of an offer in such
jurisdiction.

Note for Global Editors: About Chapter 15

Chapter 15 of the U.S. Bankruptcy Code facilitates cross-border
insolvency proceedings by authorizing U.S. Bankruptcy Courts to
assist a representative of a foreign court in its administration of
a foreign insolvency proceeding in the U.S.  At its core, chapter
15 provides a U.S. Bankruptcy Court with the authority to recognize
and enforce judgments and orders of foreign bankruptcy courts.
Generally, chapter 15 provides for the fair and efficient
administration of cross-border insolvencies to protect the
interests of relevant parties, including the debtor and creditors.

                           About AHMSA

Altos Hornos de Mexico S.A.B. de C.V., an integrated steel
producer, has two steel plants located in Monclova, Coahuila, and
operates its own iron and metallurgical coal mines.  Its current
nominal production capacity is more than 5 million tons of liquid
steel per year, which is then transformed into diverse finished
products.  Additionally, AHMSA operates thermal coal mines in
Mexico.  It employs over 19,000 workers in steel plants, mines and
services.


ALTOS HORNOS: Seeks U.S. Recognition of Mexican Plan
----------------------------------------------------
Seventeen years after obtaining protection under Mexico's
bankruptcy law, steel producer Altos Hornos de Mexico, S.A.B. de
C.V. filed a Chapter 15 petition in the U.S. Bankruptcy Court for
the District of Delaware on Aug. 16, 2016, seeking recognition in
the United States of a debt repayment plan approved by a Mexican
court.

Amidst falling steel prices, on May 24, 1999, the Debtor filed for
protection under Mexico's Bankruptcy and Suspension of Payments law
in the First Civil Court of First Instance for the Judicial
District of Monclova, Coahuila, Mexico.  On May 25, 1999, the
Mexican Court entered an order commencing the SP Proceeding, which
granted a stay of creditor actions for the benefit of the Debtor,
halted the accrual of interest on all outstanding unsecured debt,
and converted all obligations denominated in a currency other than
Mexican pesos into Mexican pesos.

Three of the Debtor's affiliates also filed for protection under
the SP Law, but they previously emerged from protection under the
SP Law in 2006 and 2008, and will not be filing petitions for
relief under Chapter 15 of the Bankruptcy Code.

The Mexican Court entered an order on May 16, 2016, approving the
Debtor's General Payment Agreement (the "Mexican Plan") and lifting
the Debtor's suspension of payments.

The Chapter 15 petition, signed by Foreign Representative Francisco
Javier Gaxiola Fernandez, seeks to ensure, among other things, that
the Mexican Plan and the Lifting Order's provisions are effective
with respect to the Debtor's U.S. assets and creditors.

Substantially all of the Debtor's operations in the United States
are conducted through its wholly-owned subsidiary AHMSA
International, Inc., a Delaware corporation.  AHMSA International
specializes in the distribution of flat rolled carbon steel, heavy
structural shapes and plates used in various applications including
fabrication, tubing, pipe, construction and OEM manufacturing
industries.

"Recognition of the Lifting Order and the Mexican Plan will ensure
the fair and efficient administration of the SP Proceeding, which
aims to protect all parties in interest and to require that all the
Debtor's creditors be bound by the terms of the Mexican Plan, as
approved by the Lifting Order," said Mr. Fernandez.  "Without this
relief, certain creditors may file actions in the United States
against the Debtor seeking to obtain more than the treatment to
which they are entitled under the terms of the Mexican Plan."

Prior to the entry of the Lifting Order approving the Mexican Plan,
Grupo Acerero del Norte, S.A. de C.V. ("GAN"), was the Debtor's
majority parent, owning approximately 76.1% of the Debtor's
outstanding common equity.  GAN owns a conglomerate of companies
operating in the segments of steel mills, chemical, mining and
energy.  GAN's operations include activities related to the
manufacturing of basic raw materials derived from steel, hot rolled
strips, structural shapes, light sections, cold rolled sheet,
tinplate and tin free steel.  GAN is a privately held company,
incorporated under the laws of Mexico and its headquarters are
based in Mexico City, Mexico.  GAN is currently a debtor under the
SP Law, petitioning for protection under the SP Law on May 18,
1999.  GAN's pending proceeding under the SP Law is separate and
distinct from the Debtor's SP Proceeding.

Following the entry of the Lifting Order, the Debtor's corporate
structure is now as follows: (a) creditors that made an Equity
Election collectively own 26.4% of the Debtor's common equity,  (b)
GAN owns 57.8% of the Debtor's common equity (exclusive of common
equity received by a subsidiary of GAN that made a valid Equity
Election with respect to its claims against the Debtor), and (c)
the Debtor's officers and directors and public stockholders hold
the remaining 15.8%.

Concurrently with the petition, Mr. Fernandez submitted a
provisional relief motion with the Bankruptcy Court seeking an
interim stay of execution against the Debtor's assets and applying
Section 362 of the Bankruptcy Code to the Chapter 15 Case on an
interim basis.

                           Debt Structure

Prior to the SP Commencement Date, pursuant to an Indenture dated
as of May 6, 1997, the Debtor issued US$200 million of 11 3/8%
Series A Senior Notes due April 30, 2002, and US$225 million of 11
7/8% Series B Senior Notes due April 30, 2004.  Pursuant to an
Indenture dated as of Dec. 16, 1996, the Debtor issued US$85
million of 5.5% Senior Discount Convertible Notes due 2001.

Pursuant to a credit agreement dated as of April 11, 1997, the
Debtor entered into a syndicated loan for US$330 million structured
by Morgan Guaranty Trust Company of New York, which loan consisted
of two tranches: (a) Tranche A in the amount of US$303 million due
April 16, 2002, and (b) Tranche B in the amount of US$27 million
due April 16, 2004.  Pursuant to a credit agreement dated Oct. 17,
1996, the Debtor also obtained a loan from Banco Nacional de
Mexico, S.A. for US$70 million due Aug. 11, 2000.  Pursuant to a
credit agreement dated as of Dec. 30, 1996, the Debtor obtained
another loan from Bank of Tokyo Mitsubishi LTD for US$9 million due
Oct. 30, 2001.  Pursuant to a credit agreement dated as of July 22,
1997, the Debtor obtained an additional loan from Banco Nacional de
Mexico, S.A. for US$50 million due Aug. 11, 2000.  

Pursuant to a credit agreement dated as of Sept. 8, 1997, the
Debtor obtained a loan from Bank of America National Trust and
Saving Association for US$125 million due July 8, 1999.  Pursuant
to a Credit Agreement dated Jan. 19, 1998, the Debtor obtained a
loan from Banco Inverlat, S.A. for US$30 million, due Jan. 19,
2001.  Pursuant to a Credit Agreement dated March 3, 1998, the
Debtor obtained a loan from Banco Inverlat, S.A. for US$20 million,
due March 3, 2001.

Pursuant to a Long Term Trade Finance Facility, the Debtor obtained
financing from West Merchant Bank Limited for US$37.5 million, due
June 22, 2003.  Pursuant to a Long Term Trade Finance Facility, the
Debtor obtained financing from West Merchant Bank Limited for US$10
million, due Aug. 28, 2003.  In addition, the Debtor owed
approximately US$91 million to various trade vendors, among other
debt.  The Debtor had no secured debt.

Following the entry of the Lifting Order, the general unsecured
claims that have been recognized by the Mexican Court (Recognized
Claims) were converted into the Mexican Peso equivalent amount of
SP Three-Year Payments.  In addition, eligible creditors were
entitled to make an Equity Election to exchange 69.15% of their SP
Three-Year Payments for a combination of cash and common shares in
the reorganized Debtor.  The net amount of the SP Three-Year
Payments issued after giving effect to the Equity Elections is
8,845.7 million pesos.

                   Terms of Approved Mexican Plan

The Mexican Plan provides for the payment in full of all holders of
Recognized Claims within three years of the Lifting Date.  More
specifically, pursuant to the Mexican Plan, the Debtor will be
required to pay 8,845.7 million pesos on the third anniversary of
the lifting of the SP Proceeding (without any interest), or May 16,
2019, which will be proportionally paid to all creditors holding a
Recognized Claim.  Pursuant to the Mexican Plan, all debts that
accrued prior to the SP Commencement Date will be novated, and the
only obligation of the Debtor to pay those debts will be to make
the SP Three-Year Payments.  In addition, creditors are not
permitted to assign their SP Three-Year Payment Rights to third
parties.

The Mexican Plan also provides that holders of the Series A and
Senior B Notes will be deemed to have a Recognized Claim equal to
the original issue price of those notes, plus accrued original
issue discount and accrued and unpaid interest to the SP
Commencement Date, and holders of the Discount Notes will receive a
recognized unsecured claim equal to the accreted value of such
notes plus accrued original issue discount to the SP Commencement
Date.  Holders of the Notes will receive the same treatment as all
holders of Recognized Claims.  Such treatment of holders of the
Notes is considered payment in full under the SP Law.

Additionally, under the Mexican Plan, each eligible creditor was
afforded the option to exchange 69.15% of its SP Three-Year Payment
Rights received for (a) shares of the Debtor capital stock, with
the number of Election Shares determined based on a formula based
on the number of Equity Elections submitted, and (b) cash.  The
final exchange rate was that for each 1,000,000 pesos of SP
Three-Year Payment Rights exchanged, the creditor received
15,303.85 Election Shares and US$2,735.55 in Election Cash.  Pro
rata payments were made for amounts less than 1,000,000 pesos, and
share numbers were rounded to the nearest whole number of shares
and Election Cash was rounded to the nearest cent.  Pursuant to the
terms of the Conditional Agreement, the Plan Supporters agreed to
make the Equity Election in respect of SP Three-Year Payment Rights
to be received for 5,613,518,400 pesos of their Recognized Claims.

Creditors that chose to exercise the Equity Election also retained
the remaining 30.85% of their SP Three-Year Payment Rights.

                       About Altos Hornos

Altos Hornos de Mexico, S.A.B. de C.V. is an integrated steel
producer in Mexico and is engaged in the manufacture and
distribution of steel and steam coal products.  The Debtor's steel
segment manufactures steel products through an integrated process,
beginning primarily with internal sources of metallurgical coal and
iron ore for use in steel production and ending with the
distribution and sale of the Debtor's finished products.

The Debtor produced approximately 4.46 million tons of liquid steel
and 3.84 million tons of finished steel products in 2015.

As of Dec. 31, 2015, the Debtor generated revenue of 41,100 million
pesos and produced EBITDA of 218.97 million pesos.

The Debtor had 20,435 employees as of Dec. 31, 2015.

Morris, Nichols, Arsht & Tunnell, LLP and Young, Conaway, Stargatt
& Taylor LLP serve as counsel to the Debtor.

Judge Kevin Gross is assigned to the case.


AMERICAN RESIDENTIAL: Moody's Rates Amended $50MM 2021 Loan 'B1'
----------------------------------------------------------------
Moody's Investors Service assigned a B1 rating to American
Residential Services, L.L.C.'s amended and extended $50 million
first lien revolving credit facility expiring in 2021.  At the same
time, Moody's affirmed the company's B2 Corporate Family Rating,
B2-PD Probability of Default Rating, and a B1 rating on its amended
and upsized $250 million first lien term loan facility due 2021.
The rating outlook is stable.

In the proposed transaction, ARS is planning to amend and increase
its first lien term loan facility to $250 million from $200 million
and its second lien facility to $80 million from $60 million (not
rated), as well as extend the maturity of its $50 million first
lien revolving credit facility to 2021 from 2019. The proceeds from
the incremental term loans will be used to fund a $70 million
distribution to ARS' shareholders.  The credit agreement amendments
will include a financial covenant re-set to allow for additional
flexibility given the increased leverage.

The transaction demonstrates aggressive financial policies as
reflected in the company's willingness to incur debt to fund a
shareholder distribution.  Pro forma for the add-on term loans
Moody's-adjusted debt to EBITDA increases to approximately 5.4x
(including acquisitions) from 4.7x at June 30, 2016.  Moody's
adjusted EBITA to interest coverage declines to approximately 1.9x
from 2.1x. However, Moody's expects that over the next 12 to 18
months ARS will de-lever through earnings growth and sustain its
adjusted debt to EBITDA comfortably below 5.0x, while continuing to
grow organically and through acquisitions.  The rating agency also
expects the company to maintain a disciplined approach to
acquisitions, which includes financing of many of these investments
with internally generated cash flow.

These rating actions were taken:

Issuer: American Residential Services, L.L.C.:

  Proposed amended and extended $50 million first lien senior
   secured revolving credit facility expiring in 2021, assigned B1

   (LGD3);

  Corporate Family Rating, affirmed at B2;

  Probability of Default Rating, affirmed at B2-PD;

  Proposed amended and upsized $250 million first lien senior
   secured term loan due 2021, affirmed at B1 (LGD3);

The rating outlook is stable.

The rating on the previous revolving credit facility expiring in
2019 will be withdrawn upon close of the transaction.

                         RATINGS RATIONALE

ARS's B2 Corporate Family Rating reflects the company's relatively
high debt levels, intense competition in the fragmented HVAC and
plumbing services industries, the seasonal nature of the company's
businesses, exposure to variations in weather in its operating
regions, and its acquisitive growth strategy.  The rating also
reflects more aggressive financial policies given the proposed
shareholder distribution as well as the long-term risks associated
with private equity ownership.  While the company has a history of
leveraged acquisitions, the rating reflects Moody's expectation
that in the foreseeable future ARS will maintain a more disciplined
approach to its acquisition activity, focusing on bolt-on
purchases, and financing most of them through internally generated
cash flow.  Moody's expects the company to continue to successfully
execute on its integration plans as well as realize organic revenue
growth at steady operating margins.  Additionally, Moody's expects
ARS' ability to de-lever through earnings growth to contribute to
adjusted debt to EBITDA declining comfortably below 5.0x over the
next 12 to 18 months.  The rating is supported by ARS' good market
positions, moderate geographic diversity and good track record of
acquiring and integrating strategic businesses and achieving
organic growth at existing locations.  The recurring revenue stream
stemming from the non-discretionary repair and maintenance
component of the company's services is another positive rating
driver.

ARS has a good liquidity position, supported by Moody's
expectations of positive free cash flow generation, ample
availability under the company's revolving credit facility,
extended debt maturity profile and sufficient room under the
amended net leverage covenant in the credit agreement.  Liquidity
is constrained by the seasonality of the company's operations and
exposure to unpredictable weather conditions, which could result in
cash flow volatility.

The stable rating outlook reflects Moody's expectations that the
company will grow organically and through acquisitions, while
exercising a disciplined approach, using free cash flow to fund
growth such that its adjusted debt to EBITDA declines and is
sustained comfortably below 5.0x, and maintaining good liquidity.

Ratings could be upgraded if the company generates organic revenue
growth at increasing EBITA margins and strong free cash flow.  To
support a higher rating, ARS would need to sustain adjusted debt to
EBITDA comfortably below 4.0x, and maintain conservative financial
policies along with a good liquidity profile.

Ratings could be downgraded if revenues and EBITA margins decline,
if adjusted debt to EBITDA is sustained above 5.0x, or if the
company experiences a weakening in its liquidity profile.  Ratings
could also be downgraded if the company accelerates its debt funded
acquisition activities, or undertakes a significant shareholder
return initiative.

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

American Residential Services, L.L.C., headquartered in Memphis,
Tennessee, is one of the largest providers of HVAC, plumbing,
sewer, drain cleaning, and energy efficiency services in the United
States.  The company serves both residential and commercial
customers through a network of 69 service center locations in 22
states.  Charlesbank Equity Fund VII, Limited Partnership bought a
majority of the equity interests in ARS in April 2014.  In the LTM
period ending June 30, 2016, ARS generated approximately $820
million in revenues.


AMERICAN RESIDENTIAL: S&P Lowers CCR to 'B' on Increased Leverage
-----------------------------------------------------------------
S&P Global Ratings said that it lowered its corporate credit rating
on Memphis, Tenn.-based residential HVAC and plumbing services
provider American Residential Services LLC to 'B' from 'B+'.  The
outlook is stable.

S&P also lowered its issue-level rating on the company's first-lien
revolving credit facility and term loan to 'B+' from 'BB-'. S&P's
recovery rating remains unchanged at '2', indicating its
expectation for substantial (70%-90%, at the lower end of the
range) recovery in the event of payment default.  The second-lien
term loan is not rated.

S&P estimates the company's adjusted debt was approximately
$385 million as of July 31, 2016, which includes S&P's adjustments
of approximately $50 million for operating leases, workers
compensation, and purchase price payables.

The downgrade reflects ARS' more aggressive financial policy as
demonstrated by its debt financed dividend and S&P's expectation
that the financial sponsor will opportunistically extract cash from
the business such that debt-to-EBITDA levels will not remain below
5x.  S&P expects the company to continue to grow organically on the
heels of a hot summer.  Moreover, S&P expects the company to
continue to grow by making acquisitions.  The company has completed
three acquisitions thus far in 2016 and has a pipeline of
opportunities for the next 12 months.  S&P anticipates
debt-to-EBITDA to decrease to around 5x by the end of 2016.

S&P's rating on ARS reflect its highly leveraged capital structure,
narrow focus in the U.S. air conditioning and plumbing market
(which is susceptible to economic cycles and volatility in the
construction market as well as weather conditions) and aggressive
growth strategy.  S&P has also factored into its ratings its view
that repair services for air conditioning and plumbing is not as
discretionary as other residential services and can withstand some
level of economic stress.  The company operates nationally with the
ARS/Rescue Rooter brand as well as a portfolio of strong local
brands.  S&P considers the domestic HVAC and plumbing market to be
highly fragmented, which S&P views as an opportunity for the
company to increase market share both organically and through
bolt-on acquisitions.

Although the company generates good cash flow, S&P anticipates it
will use the majority of internally generated cash for
acquisitions.  Therefore, S&P projects it will use very little cash
to pay down debt, and that any additional distributions to
shareholders or a material acquisition would require the company to
raise additional debt.

Other assumptions in S&P's forecast for fiscal 2016 include:

   -- S&P expects revenue to grow around 10% in 2016 and 2017,
      outpacing the U.S. real GDP growth rate of 2% in 2016 and
      2.4% in 2017, as the company continues to look for bolt-on
      acquisitions in its HVAC business.  S&P assumes the organic
      revenue in both the HVAC and plumbing segments grow at the
      rate of GDP.  S&P is forecasting modest EBITDA margin
      improvement but that the margin will remain in the high-
      single digits in 2016 and beyond as the company integrates
      acquired businesses and consolidates some of the support
      functions.  Cash flow from operations of about $50 million a

      year.

   -- Acquisitions of about $30 million a year.  No further
      dividends or shareholder returns in the forecast in 2016 and

      2017.

Based on S&P's assumptions, it forecasts debt to EBITDA to be
around 5x by the end of 2016, and low-double-digits funds from
operations (FFO) to debt.  This reflects a slight improvement from
current levels, which include mid-5x debt to EBITDA.

The stable outlook reflects S&P's expectations that ARS will
continue to be acquisitive, with financial leverage from time to
time above 5x.  S&P expects EBITDA will increase from good expense
management, integration capability, and sharing of best practices
with acquired companies.  S&P expects debt-to-EBITDA will be around
5x in the next 12 months.

S&P would lower its ratings if the company's operational
performance deteriorates such that financial leverage approaches
7x, which could occur if EBITDA declines by 30% at the current debt
level, caused potentially by prolonged unfavorable weather trends
(mild summers, for example) that would impact their HVAC business
segment.  S&P could also lower the ratings if the financial sponsor
becomes more aggressive and seeks to add leverage to the company,
which could occur if the company adds $140 million of debt at
current EBITDA levels.

An upgrade is unlikely given the company's financial sponsor
ownership and its willingness to releverage the company above 5x.
However, S&P could reassess the ratings if we believe the company
will sustain debt-to-EBITDA below 5x.  For this to occur S&P
believes the company would need to substantially change its capital
structure, which would likely be predicated by a change in
ownership; for example, if the company were to have an initial
public offering and use the proceeds to pay down debt such that
leverage is sustained below 5x.  S&P would also consider an upgrade
if it sees material improvement in margins, possibly because of
improved pricing while gaining market share.  S&P would expect such
improvements as a result of a transformative event.


APRICUS BIOSCIENCES: Accumulated Deficit Raises Going Concern Doubt
-------------------------------------------------------------------
Apricus Biosciences, Inc., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q, disclosing a
net loss of $3.34 million on $464,000 total revenue for the
three-months ended June 30, 2016, compared to a net loss of $5.24
million on $462,000 of total revenue for the same period in 2015.

For the six months ended June 30, 2016, the Company listed a net
loss of $5.84 million on $1.09 million of total revenue, compared
to a net loss of $11.66 million on $937,000 of total revenue for
the same period in the prior year.

The Company's balance sheet at June 30, 2016, showed total assets
of $6.17 million, total liabilities of $16.61 million and
stockholders' deficit of $9.44 million.

The Company had an accumulated deficit of approximately $314.7
million as of June 30, 2016 and reported a net loss of
approximately $5.8 million and negative cash flows from operations
for the six months ended June 30, 2016. These factors raise
substantial doubt about the Company’s ability to continue as a
going concern. The Company has principally been financed through
the sale of its common stock and other equity securities, debt
financing and up-front payments received from commercial partners
for the Company's products under development. As of June 30, 2016,
the Company had cash and cash equivalents of approximately $2.7
million.

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

                      https://is.gd/XbHfsu

                   About Apricus Biosciences

Apricus Biosciences, Inc., is a Nevada corporation that was
initially formed in 1987.  The Company has operated in the
pharmaceutical industry since 1995.  The Company's current focus is
on the development and commercialization of innovative products and
product candidates in the areas of urology and rheumatology. The
Company's proprietary drug delivery technology is a permeation
enhancer called NexACT.

Apricus reported a net loss of $19.02 million in 2015, a net loss
of $21.8 million in 2014 and a net loss of $16.9 million in 2013.

As of March 31, 2016, Apricus had $10.4 million in total assets,
$17.3 million in total liabilities, and a total stockholders'
deficit of $6.84 million.

BDO USA, LLP, in La Jolla, California, 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 and has suffered recurring losses and negative cash flows
from operations that raise substantial doubt about its ability to
continue as a going concern.



ARGO COMPANY: Hires Robinson & Tribe as Attorneys
-------------------------------------------------
Argo Company, Inc., seeks authorization from the U.S. Bankruptcy
Court for the District of Idaho to employ Robinson & Tribe as
attorneys.

The Debtor requires Robinson & Tribe to:

    a. assist Debtor in possession in preparing a Disclosure
Statement and Chapter 11 Plan for Reorganization,

    b. assist in all other activities necessary to carry out its
duties and responsibilities as Debtor in possession in a Chapter 11
bankruptcy, and

    c. provide legal counsel and representation in all matters
pertaining to its Chapter 11 proceeding.

Robinson & Tribe will be paid at these hourly rates:

     Brent T. Robinson          $200.00  
     Michael P. Tribe           $180.00
     W. Reed Cotten             $150.00  

The Debtor has paid Robinson & Tribe a retainer fee of $15,000.00
for services rendered or to be rendered in this case.  Of that
amount $4,217.00 was applied to pre-petition fees and costs and
fees and costs incurred in the preparation and filing of this case,
and the balance of $10,783.00 is being held in trust with the
understanding said sum will be applied to post-petition fees and
costs in this case.

Brent T. Robinson, senior partner in the law firm of Robinson &
Tribe, assured the Court that the firm does not represent any
interest adverse to the Debtor and its estates.

Robinson & Tribe may be reached at:

      Brent T. Robinson, Esq.
      Robinson & Tribe
      615 H Street
      PO Box 396
      Rupert, ID 83350-0396
      Telephone: (208)436-4717
      Facsimile: (208)436-6804
      E-mail: btr@idlawfirm.com

                 About Argo Company, Inc.

Argo Company, Inc. filed a Chapter 11 bankruptcy petition (Bankr.
D.  Idaho Case No. 16-40705) on July 29, 2016.  Brent T. Robinson,
Esq. at Robinson & Tribe as bankruptcy counsel.


ARS CAPITAL: Sale of Country Club Hills Property for $120K Okayed
-----------------------------------------------------------------
Judge Pamela S. Hollis of the U.S. Bankruptcy Court for the
Northern District of Illinois authorized ARS Capital Investments,
LLC, to sell real property commonly known as 4206 186th Place,
Country Club Hills, Illinois, including the improvements thereon,
and all personal property specified in the sale contract to
Shequillia Echols for $120,000.

The sale of the 186th Place Property is on an "as is, where is"
basis, free and clear of any liens, claims, interests, assessments
and encumbrances.

The Debtor entered into that Contract with Shequillia Echols dated
as of May 14, 2015.

Shequillia Echols has paid an initial earnest money deposit in the
amount of $1,000, which amount will be contributed toward buyer'
obligation to pay the purchase price under the Contract.

The balance of the purchase price, subject to pro-rations and
adjustments as set forth in the Contract, will be paid in cash at
closing via a mortgage and distributed (or caused to be
distributed) as set forth in the Order.

The Debtors are authorized to and will pay and/or satisfy at
closing (and will cause any title company or other closing agent
handling the closing of the transactions under the Contract to
pay), from the Purchase Price, in order of priority, (i) closing
costs; (ii) any other amounts owed pursuant to any pro-rations
required by the Contract; (iii) any and all taxes and outstanding
sewer and other utility liens running with the 186th Street
Property as provided under the Contract;(iv) the balance of the
mortgage lien; and (v)Real Estate Taxes.

                  About ARS Capital Investments

ARS Capital Investments, LLC, filed a chapter 11 petition (Bankr.
N.D. Ill. Case No. 15-15823) on May 4, 2015.  The petition was
signed by Anthony Scales, managing member.  The Debtor is
represented by Paul M. Bach, Esq., at Sulaiman Law Group, Ltd.  The
case is assigned to Judge Pamela S. Hollis.  The Debtor estimated
assets and liabilities at $1 million to $10 million at the time of
the filing.


AZTEC OIL: Seeks Plan Exclusivity Extension Thru Dec. 13
--------------------------------------------------------
BankruptcyData.com reported that Aztec Oil & Gas filed with the
U.S. Bankruptcy Court a motion to extend the exclusive period
during which the Company can file a Chapter 11 plan and solicit
acceptances thereof through and including Dec. 13, 2016 and Feb. 7,
2017, respectively.  The motion explains, "the Debtors have been
forced to divert substantial attention that would have otherwise
been directed toward formulating and negotiating a plan of
reorganization to other critical and timely matters, including
(among other things) managing the accounting and financial software
of the debtors which was unworkable, responding to numerous
adversarial motions filed by certain parties-in-interest,
stabilizing operations and addressing several pending litigation
matters.  Notwithstanding the substantial resources dedicated to
stabilization of the Debtors, the Debtors have begun to seek and
evaluate possible financial partners or FINRA obligations which
would assist in the chapter 11 Reorganization.  To that end, the
Debtors plan to seek Court approval of the retention of either a
financial professional, securities counsel and/or an investment
advisor to facilitate the best possible recovery on estate assets.
This Motion is not filed for purposes of delay but to allow the
Debtors time to market the Debtors' assets, and/or seek an investor
to assist in the reorganization and listing of the public parent
company, and develop a plan.  The extension requested is reasonable
and realistic in view of the circumstances of this case, the nature
of the Debtors' businesses and the need to afford the Debtors a
reasonable opportunity to market their assets, settle litigation,
negotiate with creditors, and propose a plan of reorganization."
The Court scheduled a Sept. 12, 2016 hearing on the motion.

                         About Aztec Oil

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

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

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

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

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


BASIC ENERGY: S&P Lowers CCR to 'CC' on Deferred Coupon Payment
---------------------------------------------------------------
S&P Global Ratings lowered its long-term corporate credit rating on
TX-based oilfield services company Basic Energy Services Inc. to
'CC' from 'CCC-'.  At the same time, S&P lowered the issue rating
on Basic's senior secured term loan to 'CCC' from 'CCC+'. The
recovery rating remains '1', indicating S&P's expectation of very
high (90%-100%) recovery in the event of a payment default. S&P
also lowered the issue ratings on Basic's senior unsecured notes to
'CC' from 'CCC-'.  The recovery rating on this debt is '4',
indicating S&P's expectation of average (30%-50%; lower end of
range) recovery for creditors in the event of a payment default.

"The downgrade follows Basic's announcement on Aug. 15, 2016, that
it has decided to defer the coupon payment on its senior unsecured
notes maturing 2019," said S&P Global Ratings credit analyst
Christine Besset.  "The payment due date was Aug. 15, 2016, and
Basic is using the 30-day grace period provided in the notes'
indenture because the company is in the process of restructuring
its balance sheet," she added.

S&P believes that the company is likely to announce a capital
restructuring or make the payment within the 30-day grace period.

The negative outlook on Basic Energy Services Inc. reflects S&P's
view that the company will likely announce a distressed exchange
within the next couple of months.

S&P could consider raising the rating if it expects the company
will be able and willing to pay all debt obligations in full and on
time.


BATI INVESTMENTS: Hires Sam V. Calvert PA as Counsel
----------------------------------------------------
Bati Investments LLC seeks authorization from the U.S. Bankruptcy
Court for the District of Minnesota to employ Sam V. Calvert PA as
counsel.

The Debtor requires the Firm to:

     a. give legal advice with respect to the powers and duties of
the Debtors in the continued operation of this business and the
management of the property of this estate.

     b. take any necessary actions to avoid liens against the
property of the estate or to set aside preferences which may
qualify to be avoided or set aside under the bankruptcy code.

     c. take other necessary and required action which is deemed by
such counsel as ordinary and necessary in such proceedings.

     d. provide representation in connection with any adversary
proceedings filed in this Court by various creditors and/or any
adversary proceedings required to be filed for the protection and
preservation of property of this estate.

     e. prepare necessary applications, motions, answers,
responses, orders, reports and other legal papers.

     f. perform any and all other legal services which may be
necessary herein, including, but not limited to, drafting and
filing a Plan or Plans of Reorganization.
     
     g. prosecute any and all appeals of any orders deemed
necessary to the success of these reorganization proceedings.

The Firm will be paid $220.00 per hour.

The principal of the Debtor has paid the Firm $1,770.00 prior to
filing bankruptcy.

Sam V. Calvert assured the Court that the firm does not represent
any interest adverse to the Debtor and its estates.

The Frim may be reached at:
   
     Sam V. Calvert, Esq.
     Sam V. Calvert PA
     1011 2nd St. N., Suite 107
     St. Cloud, MN 56303
     Tel: 320-252-4473
     Fax: 320-229-2190

                   About Bati Investments

Bat Investments LLC filed a Chapter 11 bankruptcy petition (Bankr.
D.Minn. Case No. 16-32345) on July 28, 2016.  Sam V. Calvert, Esq.
at Sam V. Calvert PA as bankruptcy counsel.


BH SUTTON: Hires LaMonica Herbst as Counsel
-------------------------------------------
BH Sutton Mezz LLC and its debtor-affiliates seek permission from
the U.S. Bankruptcy Court for the Southern District of New York to
employ LaMonica Herbst & Maniscalo, LLP as general counsel to
Debtor.

The Debtors require LaMonica Herbst to:

    a. Provide legal advice with respect to Sutton Owner NY's
powers and duties as a debtor-in-possession in accordance with the
provisions of the Bankruptcy Code in the continued operation of
Sutton Owner NY's business and the management of its properties;

    b. Represent Sutton Owner NY in the pending adversary
proceeding against, among others, the Lender;

    c. Prepare, on behalf of Sutton Owner NY, all necessary
schedules, applications, motions, answers, orders, reports,
additional adversary proceedings and other legal documents required
by the Bankruptcy Code and Federal Rules of Bankruptcy Procedure;

    d. Assist Sutton Owner NY in the development and implementation
of a plan of reorganization and related disclosure statement; and

    e. Perform all other legal services for Sutton Owner NY that
may be necessary in connection with Sutton Owner NY's attempt to
reorganize its affairs under the Bankruptcy Code.

LaMonica Herbst will be paid at these hourly rates:

      Partners              $595
      Associates            $415
      Para-Professionals    $175

LaMonica Herbst was paid the sum of $85,000.00, plus the Court's
filing fee in the amount of $1,717, totaling $86,717.

Joseph S. Maniscalco, member of the firm of LaMonica Herbst &
Maniscalo, LLP, assured the Court that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code and does not represent any interest adverse to the Debtors and
their estates.

LaMonica Herbst may be reached at:

        Joseph S. Maniscalco, Esq.
        LaMonica Herbst & Maniscalo, LLP
        3305 Jerusalem Avenue
        Wantagh, NY 11793
        Telephone: (516)826-6500

                    About BH Sutton Mezz LLC and

                     Sutton 58 Associates
LLC



New York City-based BH Sutton Mezz LLC filed for Chapter
11
protection (Bankr. S.D.N.Y. Case No. 16-10455) on Feb. 26,
2016.  The petition was signed by Herman Carlinsky,
president.  The Hon. Sean H. Lane presides over the
case.  Joseph S. Maniscalco, Esq., at Lamonica Herbst &
Maniscalco, LLP, represents BH Sutton in its restructuring
effort.  The Debtor estimated assets at $100 million
to $500
million and debts at $10 million to $50 million.



Sutton 58 Owner LLC filed a separate Chapter 11 bankruptcy
petition (Bankr. S.D.N.Y. Case No. 16-10834) on April 6,
2016.  Sutton Owner estimated assets at $100 million to $500
million and debts at $100 million to $500 million.  Sutton
Owner's business consists of the ownership and operation of these
real properties: (a) 428, 430 and 432 East 58th Street, New York,
New York, 10022, including all air rights and inclusionary air
rights related thereto; and (b) the cooperative apartments
identified as 1R, 2D and 2N located at 504 Merrick Road, Lynbrook,
New York 11583.  Sutton Owner seeks to retain Joseph S.
Maniscalco, Esq., and Jordan C. Pilevsky, Esq., at Lamonica Herbst
& Maniscalco, LLP as its counsel.



Both cases are jointly administered.


BIND THERAPEUTICS: Liquidation Plan & Disclosure Statement Filed
----------------------------------------------------------------
BankruptcyData.com reported that BIND Therapeutics filed with the
U.S. Bankruptcy Court a Combined Disclosure Statement and Chapter
11 Plan of Liquidation, which notes, "The Debtors believe this
Combined Plan and Disclosure Statement are beneficial to all of the
Debtors' Creditors.  The Debtors estimate Allowed General Unsecured
Claims in Class 3 of approximately $5.2 million and, pursuant to
this Combined Plan and Disclosure Statement, such Holders shall be
paid in full should the Debtors' estimate of the amount of Allowed
Class 3 Claims be correct.  Because the majority of the Debtors'
assets have already been liquidated to Cash pursuant to the
Acquisition, the value of any Distributions to Holders of Equity
Interests if the Debtors' Chapter 11 Cases were converted to cases
under chapter 7 of the Bankruptcy Code would be less than the value
of Distributions under this Combined Plan and Disclosure
Statement."  The Court scheduled a Sept. 21, 2016 hearing to
consider the combined document, with objections due by Sept. 14,
2016.

                    About BIND Therapeutics

BIND Therapeutics is a biotechnology company developing novel
targeted therapeutics, primarily for the treatment of cancer.
BIND Therapeutics, Inc., aka BIND Biosciences, Inc., and BIND
Biosciences Security Corporation filed for Chapter 11 bankruptcy
protection (Bankr. D. Del. Case Nos. 16-11084 and 16-11085) on May
1, 2016.

Peter M. Gilhuly, Esq., Kimberly A. Posin, Esq., and Adam E.
Malatesta, Esq., at Latham & Watkins LLP, and John Henry Knight,
Esq., and Amanda R. Steele, Esq., at Richards, Layton & Finger,
P.A., serve as Chapter 11 counsel.

The Debtors' financial advisor is Cowen and Company, LLC.  Prime
Clerk LLC serves as claims and noticing agent.  In its petition,
the Debtors estimated $10 million to $50 million in both assets
and liabilities.

The petitions were signed by Andrew Hircsh, president and chief
executive officer.


BIOSCRIP INC: S&P Affirms 'CCC+' CCR & Revises Outlook to Stable
----------------------------------------------------------------
S&P Global Ratings affirmed its 'CCC+' corporate credit rating on
home infusion services provider BioScrip Inc. and revised the
outlook to stable from negative.

At the same time, S&P affirmed its 'B-' issue-level rating on the
company's senior secured term loan.  S&P's recovery rating on this
debt remains '2', indicating its expectation for meaningful (50% to
70%; at the lower end of the range) recovery in the event of a
payment default.  S&P also affirmed its 'CCC-' issue-level on the
company's senior unsecured notes.  The recovery rating on the notes
remains '6', reflecting S&P's expectation for negligible (0% to
10%) recovery on this debt in the event of default.

"The outlook revision reflects higher confidence in the company's
ability to meet our base case expectations and that it will be able
to meet its debt obligations for at least the next 12 months," said
credit analyst Elan Nat.  "In 2015, the company experienced a
significant adverse shift in its product mix toward lower-margin,
higher-acuity therapies, as well as an increase in bad debt
expense.  BioScrip responded to these difficulties with several
initiatives, including transitioning its non-core, infusion therapy
business to alliance infusion providers and reducing its work
force.  These initiatives demonstrated some success with margin
improvement and now stability over the past several quarters."

The stable rating outlook reflects S&P's expectation that the
BioScrip's liquidity position will support the company's debt
obligations for at least the next year.  The outlook also reflects
the company's improving prospects to further stabilize its
operating performance.

S&P would likely lower the rating if adjusted EBITDA (including
recurring "one-time" items) in 2016 falls to about $35 million as a
result of delays in transitioning its non-core, infusion therapy
business to alliance infusion providers, or if liquidity becomes
constrained if the company again struggles with managing working
capital.  In this scenario, S&P could conclude that the company
might not be able to meet its debt obligations within 12 months,
possibly leading to a default.

While unlikely over the near term, S&P could consider an upgrade if
BioScrip materially outperforms S&P's expectations and generates at
least $70 million of annual EBITDA.  Should this occur, S&P would
likely to view the company's capital structure as sustainable.  In
order for the company to reach this level, it would have to expand
margins by about 200 basis points.  S&P do not view this as a
likely scenario over the near term.


BOISE CASCADE: Moody's Assigns B1 Rating on New Sr. Unsec. Notes
----------------------------------------------------------------
Moody's Investors Service assigned a B1 rating to Boise Cascade
Company's new senior unsecured notes offering.  The net proceeds
will be used to repurchase the company's $300 million 6.375% senior
unsecured notes due 2020.  The company's Ba3 corporate family
rating, Ba3-PD probability of default rating and SGL-1 liquidity
rating are unchanged.  The new notes will rank behind the company's
senior secured bank facilities (unrated) and will be rated one
notch below the Ba3 corporate family rating, in accordance with
Moody's loss-given-default methodology.  The outlook is stable.

"Boise Cascade's existing ratings are unchanged as the transaction
is leverage neutral.  We continue to expect the company to maintain
Moody's adjusted leverage around 3.5 times as stronger wood
products demand from higher US housing starts are offset by lower
plywood prices," said Ed Sustar, Senior Vice President with
Moody's.

Assignments:

Issuer: Boise Cascade Company
  Senior Unsecured Regular Bond/Debenture, Assigned B1 (LGD5)

                        RATINGS RATIONALE

Boise Cascade's Ba3 corporate family rating reflects the company's
strong liquidity and expectations that the company will be able to
maintain good credit protection metrics with a slow recovery in the
North American wood-based building products market.  Moody's
expects the company's leverage to be about 3.5x over the next 12-18
months, as stronger wood products demand from higher US housing
starts are offset by lower plywood prices.  Credit challenges
include the company's concentration in the volatile wood-based
building products market, along with the uncertain pace of the US
housing recovery.

Boise Cascade's SGL-1 liquidity rating reflects the company's
strong liquidity position, supported by $96 million of cash (June
2016), availability of $319 million on a $370 million asset-based
revolving credit facility (unrated; matures in April 2020) and
Moody's projected cash generation of about $30 million over the
next four quarters.  Most of the company's fixed assets are
unencumbered and Moody's expects the company will remain in
compliance with its debt covenants.

The stable outlook reflects S&P's expectation that Boise Cascade
will continue to generate strong operating performance over the
next 12-18 months.  Stronger demand from improvements in the US
housing market will be offset by lower plywood prices as supply
increases exceed demand increases.  This is tempered by Moody's
uncertainty regarding pace of idled industry wood products capacity
being restarted over the next several years.

Boise Cascade's Ba3 corporate family rating might be upgraded if
the company is able to sustain adjusted leverage below 3.5 times
and interest coverage above 3.5 times.  The rating might be
downgraded with adjusted leverage above 4.5 times and interest
coverage below 2.5 times for a sustained period of time, or a
significant deterioration in liquidity.

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

Boise Cascade is a building products company headquartered in
Boise, Idaho.  Boise Cascade manufactures engineered wood products,
plywood, lumber, and particleboard and distributes a broad line of
building materials, including the wood products that it
manufactures.


BOISE CASCADE: S&P Assigns 'BB-' Rating on Proposed $300MM Notes
----------------------------------------------------------------
S&P Global Ratings said it assigned its 'BB-' issue-level rating to
Boise, Idaho-based wood product manufacturer and distributor Boise
Cascade Co.'s proposed $300 million senior unsecured notes. The
recovery rating is '3', reflecting S&P's expectation of meaningful
(50%-70%; at the lower half of the range) recovery in the event of
default.

The company will use proceeds from the proposed transaction to
redeem $300 million of its existing senior unsecured notes due
2020.  The transaction will allow the company to extend the tenor
of its capital structure and reduce interest expense.  S&P expects
that the company will maintain leverage below 4x throughout 2016,
which is in line with the rating.  The 'BB-' rating reflects the
company's weak business risk and aggressive financial risk
profile.

The 'BB-' corporate credit rating and stable outlook on Boise
Cascade are unchanged.

Ratings List

Boise Cascade Co.
Corporate Credit Rating                BB-/Stable/--

New Rating

Boise Cascade Co.
Senior Unsecured
  $300 mil sr notes due 2024            BB-
   Recovery Rating                      3L


BREITBURN ENERGY: Creditors' Panel Hires Porter as Special Counsel
------------------------------------------------------------------
The Official Committee of Unsecured Creditors of Breitburn Energy
Partners LP, et al., seeks authorization from the U.S. Bankruptcy
Court for the Southern District of New York to retain Porter Hedges
LLP as special counsel for the Committee, nunc pro tunc to July 15,
2016.

The Committee selected Porter Hedges to serve as its special
counsel based upon Porter Hedges' expertise in chapter 11 cases and
Porter Hedges' demonstrated expertise in lien review and analysis
and with Texas and Oklahoma law and oil and gas law issues.

The Committee requires Porter Hedges to:

    a. Investigate and analyze the existence, extent, validity,
enforceability, and priority of liens asserted against the Debtors'
oil and gas assets, assess and categorize any deficiencies and
participate as necessary in any action or proceeding related to
such investigation;
    
    b. Engage, retain and coordinate with BB Genesis Land & Mineral
Resources, L.P., D/B.A Genesis Land & Mineral Resources or such
other landman firm to review the public records in respect of
reviewed leases to confirm and verify accuracy of recording
information against the public records and to conduct lien searches
(such landman firm review to cost approximately $50,000 based on
available information as of the date hereof);

     c. To the extent requested by the Committee, analyze any other
Texas law, Oklahoma law and/or oil and gas law issues related these
chapter 11 cases, and, as necessary, coordinate with local counsel
and direct and coordinate all legal analysis efforts in other
jurisdictions;

     d. To the extent requested by the Committee, participate in
any related investigation of the Debtors and/or the Debtors'
secured lenders; and

     e. Take all actions, including attending meetings, attending
and participating in hearings, reviewing pleadings, preparing or
filing pleadings and/or submitting reports that are related to
items (a)-(d), and review, analyze and respond to pleadings or
reports filed by other parties.

Porter Hedges will be paid at these hourly rates:

     John F. Higgins, Partner         $675
     Eric M. English, Partner         $460
     Anders T.C. Gibson, Partner      $450
     Matthew D. Lea, Associate        $450
     Jessica A. Gonzalez, Associate   $290
     Kim D. Steverson, Paralegal      $210
     Janice M. Thomas, Paralegal      $215

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

John F. Higgins, partner of the law firm of Porter Hedges LLP,
assured the Court that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code and does
not represent any interest adverse to the Debtors and their
estates.

The following is provided in response to the request for additional
information set forth in D1 of the U.S. Trustee's Appendix B
Guidelines:

     -- Porter Hedges did not represent the Committee or any
members thereof in the 12 months prepetition.

     -- Porter Hedges is in the process of developing a prospective
budget and staffing plan for the Committee's review and approval.
Further, Porter Hedges understands that the Committee, along with
the Debtors and the United States Trustee, will maintain active
oversight of Porter Hedges' billing practices.

Porter Hedges may be reached at:

      John F. Higgins
      Eric M. English
      Porter Hedges LLP
      1000 Main Street, 36th Floor
      Houston, TX 77002
      Telephone: (713)226-6000
      Facsimile: (713)228-1331
      E-mail: jhiggins@porterhedges.com
              eenglish@porterhedges.com

                     About Breitburn Energy

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 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.


BURGI CORP: Hires Goodrich & Reely as Counsel
---------------------------------------------
Burgi Corporation seeks authorization from the U.S. Bankruptcy
Court for the District of Montana to employ Goodrich & Reely, PLLC,
as counsel for the Debtor.

The professional services Goodrich & Reely will render include
general counseling and representation before the Bankruptcy Court
in connection with the Chapter 11 case and any associated matters
before the Court.

Goodrich & Reely will be paid at these hourly rates:

     Malcolm H. Goodrich              $325
     Maggie W. Stein                  $270

Goodrich & Reely has been paid $5,000 prior to the filing of the
bankruptcy case.

Goodrich & Reely will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Malcolm H. Goodrich of the law firm of Goodrich & Reely PLLC,
assured the Court that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code and does
not represent any interest adverse to the Debtor and its estates.

Goodrich & Reely may be reached at:

     Malcolm H. Goodrich, Esq.
     Maggie W. Stein, Esq.
     Goodrich & Reely PLLC
     2812 First Ave. North, Suite 301
     PO Box 1899
     Billing, MT 59103-1899
     Tel: (406)256-3663
     Fax: (406)256-3660
     E-mail: malcolm@goodrichreely.com
             maggie@goodrichreely.com

                    About Burgi Corporation



Burgi Corporation, based in Columbia Falls, MT, filed a
Chapter 11 petition (Bankr. D. Mont. Case No. 16-60771) on July 28,
2016. The Hon. Ralph B. Kirscher presides over the case. Maggie W
Stein, Esq., at Goodrich & Reely, PLLC, as bankruptcy
counsel.



In its petition, the Debtor estimated $532,282 in assets and $1.08
million in liabilities. The petition was signed by Robert Burgi,
president.


BURGI ENGINEERS: Hires Junkermier Clark as Accountants
------------------------------------------------------
Burgi Engineers, LLC seeks authorization from the U.S. Bankruptcy
Court for the District of Montana to employ Junkermier, Clark,
Campanella, Stevens, PC of Whitefish, Montana as accountants to
assist in tax and accounting needs of the Debtor.

The Debtor requires Junkermier Clark to prepare monthly reports,
financial statements, tax returns, professional advisory, tax
planning and payroll related services on behalf of the Debtor.

Junkermier Clark will be paid at these hourly rates:

       Gregory Peck, CPA               $245
       Sally Brown, CPA                $245
       Kris Fuehrer, CPA               $245
       Teresa Moser, CPA               $185
       Randy Nelson (tax rate)         $125
       Randy Nelson (MIA)              $85
       Erin Vukelich (tax rate)        $125
       Erin Vukelich (MIA)             $105
       Simone Luttrell (EA)            $195
       Jake Carter, CPA                $160
       Jake Carter (accounting rate)   $90

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

Gregory Peck, branch manager of the Flathead Branch of Junkermier
Clark, 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.

Junkermier Clark can be reached at:

       Gregory Peck
       JUNKERMIER, CLARK,
       CAMPANELLA, STEVENS, PC
       Flathead Branch
       307 Spokane Ave
       P.O. Box 1398
       Whitefish, MT 59937
       Tel: (406)862-2597
       Fax: (406)862-5947

                      About Burgi Corporation

Burgi Corporation, based in Columbia Falls, MT, filed a Chapter 11
petition (Bankr. D. Mont. Case No. 16-60771) on July 28, 2016. The
Hon. Ralph B. Kirscher presides over the case. Maggie W Stein,
Esq., at Goodrich & Reely, PLLC, as bankruptcy counsel.

In its petition, the Debtor estimated $532,282 in assets and $1.08
million in liabilities. The petition was signed by Robert Burgi,
president.


BURGI ENGINEERS: Hires Rocky Mountain Law as Special Counsel
------------------------------------------------------------
Burgi Engineers, LLC seeks authorization from the U.S. Bankruptcy
Court for the District of Montana to employ Rocky Mountain Law
Partners, PLLP as special counsel.

The professional services Rocky Mountain Law Partners will render
include counseling and local representation with regard to the
Settlement Agreement with Reuland Electric Co.

Rocky Mountain Law will be paid at these hourly rates:

     Bruce A. Fredrickson, Attorney          $325
     Ashley Dilts, Paralegal                 $270

Goodrich & Reely will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Bruce A. Fredrickson of Rocky Mountain Law Partners, PLLP, assured
the Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtor and its estates.

Rocky Mountain Law may be reached at:

      Bruce A. Fredrickson, Esq.
      Rocky Mountain Law Partners, PLLP
      1830 3rd Ave. East, Suite 301
      PO Box 1758
      Kalispell, MT 59903
      Tel: (406)314-6011
      Fax: (406)314-6012

                    About Burgi Corporation



Burgi Corporation, based in Columbia Falls, MT, filed a
Chapter 11 petition (Bankr. D. Mont. Case No. 16-60771) on July 28,
2016. The Hon. Ralph B. Kirscher presides over the case. Maggie W
Stein, Esq., at Goodrich & Reely, PLLC, as bankruptcy
counsel.



In its petition, the Debtor estimated $532,282 in assets and $1.08
million in liabilities. The petition was signed by Robert Burgi,
president.


CADIZ INC: Substantial Doubt Looms Over Uncertainty to Raise Funds
------------------------------------------------------------------
Cadiz Inc. filed with the Securities and Exchange
Commission its Form 10-Q report for the quarterly period ended June
30, 2016.

Cadiz listed $14.40 million net loss and comprehensive loss
applicable to common stock on $108,000 of revenues for the three
months ended June 30, 2016, as compared to a net loss and
comprehensive loss applicable to common stock of $1.92 million on
$38,000 of revenues reported for the same period a year ago.

Cadiz had total assets of $58.12 million, total liabilities of
$124.83 million and stockholders' deficit of $66.71 million at June
30, 2016.

The Company incurred losses of $14.4 million for the six months
ended June 30, 2016.  The Company had working capital of $4.7
million at June 30, 2016, and used cash in operations of $4.8
million for the six months ended June 30, 2016.

Cash requirements during the six months ended June 30, 2016,
primarily reflect certain administrative and litigation costs
related to the Company's water project development efforts.
Currently, the Company's sole focus is the development of its land
and water assets.

The Company is required to pay 50% of all future quarterly interest
payments in cash on the Senior Secured Debt, rather than in
accretion to principal, beginning with the quarterly interest
payment due June 5, 2016.  No other payments are due on the Senior
Secured Debt or convertible notes prior to their maturities.

Limitations on the Company's liquidity and ability to raise capital
may adversely affect it.  Sufficient liquidity is critical to meet
its resource development activities.  After consideration of the
Convertible Note Financing in April 2016, the Company currently
expects its sources of capital to be sufficient to meet its
liquidity needs through February 2017.  To meet its cash needs
beyond February 2017, the Company plans to increase liquidity
through a variety of means, including equity or debt placements,
through the lease, sale or other disposition of assets or
reductions in operating costs.  While the Company expects to
continue to raise working capital consistent with its past
practices, there can be no assurance that the Company will be able
to raise sufficient funds in the capital markets or through the
sale or disposition of assets which raises substantial doubt about
the Company's ability to continue as a going concern.

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

                    https://is.gd/7WoKgO

Cadiz Inc. (NASDAQ: CDZI) is a land and water resource development
company with 45,000 acres of land in San Bernardino County,
California.  The Los Angeles-based Company's properties are
suitable for different uses, including large-scale agricultural
development, groundwater storage, and water supply projects.



CARMEN VARA: Unsecureds to Be Paid $10,000 in Five Years
--------------------------------------------------------
Carmen Vara filed with the U.S. Bankruptcy Court for the Southern
District of Florida a disclosure statement in support of her
Chapter 11 plan of reorganization dated July 27, 2016.

Under the Plan, Class 5 General Unsecured Claims, which total
$175,765.59, will be paid a total of $10,000 in five years, with
quarterly payments at $500.

Based upon the distribution amount of $10,000, allowed unsecured
claimants will receive a distribution of approximately 5.69%.  This
distribution is higher than what allowed general unsecured
claimants would receive in a hypothetical Chapter 7.

The Class 5 creditors will share pro rata in a total distribution
of $10,000, which will be paid over 5 years from the first day of
the month following the Effective Date, in 20 quarterly payments
totaling $500 per payment, with the first payment due on the first
day of the month following the Effective Date of the Plan, and
continuing on the first day of every quarter.  Any allowed
unsecured general claimant and allowed undersecured claimant
scheduled to receive a total distribution of $250 or less will be
paid in a lump sum on the first day of the month following the
Effective Date.

The funds to make the initial payments will come from the Debtor in
Possession's bank account.  Funds to be used to make cash payments
pursuant to the Plan will derive from Debtor's income from Debtor's
employment and investment properties.

To the extent that the Debtor wishes to prepay any amounts due
under the Plan from exempt assets or other third party sources, the
Debtor reserves the right to do so without penalty and to seek the
entry of a final decree closing this case.  The Debtor, as
reorganized, will retain and will be revested in all property of
the estate, excepting property which is to be sold or otherwise
disposed of as provided herein, executory contracts which are
rejected pursuant to the Plan and property transferred to creditors
of the Debtor pursuant to the expressed terms hereof.  The retained
property will be used by the Debtor in the ordinary course of
Debtor's personal affairs.

A copy of the Disclosure Statement is available at:

           http://bankrupt.com/misc/flsb15-14888-105.pdf

The Plan was filed by the Debtor's counsel:

     Chad T. Van Horn, Esq.
     Van Horn Law Group, P.A.
     330 N. Andrews Avenue, Suite 450
     Fort Lauderdale, FL 33301
     Tel: (954) 765-3166
     Fax: (954) 756-7103
     E-mail: Chad@cvhlawgroup.com

Carmen Vara filed for Chapter 11 bankruptcy protection (Bankr. S.D.
Fla. Case No. 15-14888) on March 17, 2015.


CASTLE PINES: Hires Smith Gilliam as Counsel
--------------------------------------------
Castle Pines Group, LLC seeks authorization from the U.S.
Bankruptcy Court for the Northern District of Georgia to employ
Brad J. Patten, Keith J. Whitaker, and the law firm of Smith,
Gilliam, Williams & Miles, P.A., as counsel.

The Debtor requires Smith Gilliam to:

   (a) give the Debtor legal advice with respect to its powers and

       duties as Debtor-in-Possession in the continued operation
       of its business and management of property;

   (b) prepare on behalf of Debtor-in-Possession of the necessary
       applications, answers, orders, reports and other legal
       papers; and

   (c) all other legal services for Debtor-in-Possession which may

       be necessary for the efficient administration of the  
       above-referenced case.

Smith Gilliam will be paid at these hourly rates:

       Brad J. Patten          $290
       Keith J. Whitaker       $265
       Associates              $225
       Paralegals              $95

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

Entities or Persons other than Debtor have paid to Smith Gilliam
the sum of $6,717 as a retainer in this case.

Brad J. Patten, an attorney of Smith Gilliam, 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.

Smith Gilliam can be reached at:

       Brad J. Patten, Esq.
       SMITH, GILLIAM, WILLIAMS & MILES, P.A.
       P.O. Box 1098
       Gainesville, GA 30503
       Tel: (770) 536-3381
       E-mail: bpatten@sgwmfirm.com

                    About Castle Pines Group

Castle Pines Group, LLC, based in Clarkesville, Ga., filed a
Chapter 11 petition (Bankr. N.D. Ga. Case No. 16-21508) on August
1, 2016.  Bradley J. Patten, Esq., at Smith, Gilliam, Williams and
Miles, P.A. as bankruptcy counsel.

In its petition, the Debtor indicated $1.7 million in total assets
and $1.65 million in total liabilities.  The petition was signed by
Vernon Mintz, managing member.


CHAU DO PAPATHEODOROU: Selling Palo Alto Property for $2.73M
------------------------------------------------------------
Chau Do Papatheodorou asks the U.S. Bankruptcy Court for the
Northern District of California to authorize the sale of her real
property located at 2317 St. Francis Drive, Palo Alto, California,
to Sanjay Khare and Taruna Arora for $2,725,000, subject to
overbid.

A hearing on the Motion is set for Sept. 7, 2016 at 2:00 p.m.  the
bid deadline is on Sept. 20, 2016.

The Debtor entered into a listing agreement dated March 10, 2016
for the marketing of the Real Property with Pacific Union
International Real Estate, Inc., which was approved by order of the
Court entered on March 30, 2016.

The terms of the listing agreement provide that the Real Property
would be listed with an initial sales price of $3,800,000 and that
Pacific Union's commission for the sale of the Real Property would
be 5%. By listing the Real Property through the multiple listing
service ("MLS"), Pacific Union agreed to pay compensation to
cooperating brokers representing a buyer in any consummated
transaction of 2.5% of the sales price. The order appointing
Pacific Union provides that all compensation to be paid to Pacific
Union is subject to review pursuant to 11 U.S.C. Section 330, which
request may be included as part of a motion to approve the sale of
the Real Property.  Approved compensation will be paid through the
escrow from the sale of the Real Property.

Through the course of marketing the Real Property in consultation
with the brokers at Pacific Union, the Debtor determined that a
reduction in the listing price on the MLS was required when the
Real Property failed to attract potential purchasers at the
original listing price.  The listing price was therefore reduced to
$3,488,000 in early May 2016.  The list price was further dropped
to $3,250,000 on June 2, 2016.  Only after the list price was
reduced further on the MLS to $2,998,180 on July 11, 2016 did sales
activity begin to be generated on the Real Property.

On Aug. 4, 2016, the Debtor entered into Real Estate Purchase
Contract to Buyers, which persons who are unrelated to the Debtor
and are not otherwise insiders of the Debtor, for the sum of
$2,725,000.

A copy of the Purchase Contract attached to the Motion is available
for free at:

   http://bankrupt.com/misc/Chau_Papatheodorou_400_Sales.pdf

Buyers deposited a check in the amount of $100,000 to Fidelity
National Title Co. as required under the Purchase Contract.  The
sale of the Real Property pursuant to the Purchase Contract is "as
is" with no representations or warranties.  The Purchase Contract
includes a loan financing contingency which expires 10 days from
acceptance, i.e. on Aug. 14, 2016.  It provides in the fifth
counter-offer that escrow will close on Sept. 20, 2016.  Court
approval is required not later than Sept. 13, 2016.

Liens that exist on the Real Property are (1) HSBC, who is the
current assignee of the first deed of trust and holds the Class 1A
Claim under the confirmed Plan, and (2) an abstract of judgment by
Hermosa and Romeo Tan.  The terms of the Purchase Contract and
escrow provide for HSBC will be paid in full through escrow from
the sales proceeds.  Because the Tan lien is in bona fide dispute
and is the subject of the pending Adversary Proceeding, the Debtor
may sell free and clear of said lien pursuant to 11 U.S.C. Section
363(f)(4). Other customary pro-rations of real property taxes are
also required to be paid under the Purchase Contract, as well as
customary title and escrow fees.

The terms of the Plan require that the Debtor make deposits from
escrow to the Internal Revenue Service ("IRS") and the California
Franchise Tax Board from the sale proceeds for payment of
anticipated capital gains taxes that will result from the sale of
the Real Property.  After consulting with the appointed CPAs, Bean
Hunt & Harris, the Debtor has been advised to make deposits in the
amount of $74,900 to the IRS and $34,830 to the Franchise Tax Board
in anticipation of the administrative income tax obligations that
the Bankruptcy Estate will incur as a result of the sale of the
Real Property.  These tax deposits along with other escrow
disbursements are reflected in the Estimated Seller's Statement
prepared by Fidelity National Title Co. Estimated Seller's
Statements also reflects the payment of the HSBC first deed of
trust, commissions to Pacific Union and Keller Williams Realty,
pro-rations, fees, costs, and the tax deposits required by the Plan
that will be paid from escrow.

The net funds from escrow will thereafter be remitted to the Debtor
to be deposited into the debtor-in-possession bank account. The
Debtor will use those net funds (with the assistance of her court
approved professionals) to make the required disbursements pursuant
to the Plan to pay (i) her allowed homestead exemption in the
amount of $75,000, (ii) Class 2 Allowed Unsecured Claims, (iii)
reserves for administrative claims of professionals to be paid upon
approval by the Court, (iv) post-confirmation quarterly U.S.
Trustee's fees, and, (v) any other administrative expenses required
under the Plan.

                 About Chau Do Papatheodorou

Chau Do Papatheodorou sought the Chapter 11 protection (Bankr. N.D.
Cal. Case No. 10-51074) on Feb. 3, 2010.

W. Austin Cooper, Esq., at the Law Offices W. Austin Cooper, serves
as the Debtor's counsel.

According to the schedules, the Company has assets of $2,430,687,
and total debt of $2,074,453.


CHESAPEAKE ENERGY: Moody's Rates $1BB 1st-Lien Term Loan Caa1
-------------------------------------------------------------
Moody's Investors Service assigned a Caa1 rating to Chesapeake
Energy Corporation's proposed $1 billion first lien last out term
loan.  Moody's downgraded Chesapeake's existing second lien secured
notes rating to Caa2 from Caa1 and affirmed its Caa2 Corporate
Family Rating (CFR) and Caa3 senior unsecured notes rating.  The
Speculative Grade Liquidity Rating was raised to SGL-3 from SGL-4
and the rating outlook was changed to positive from negative.
Proceeds from the term loan will be used to retire senior unsecured
and convertible notes pursuant to two simultaneously announced
tender offers.

"The term loan issuance enables Chesapeake to refinance a
meaningful portion of its 2017 and 2018 maturities, improving its
liquidity position," commented Pete Speer, Moody's Senior Vice
President.  "The company has concluded meaningful asset sales to
date and has prospects for more asset sales that could lead to
additional debt reduction and enhanced capacity to fund sustaining
levels of capital expenditures."

Assignments:

Issuer: Chesapeake Energy Corporation
  Senior Secured Bank Credit Facility, Assigned Caa1- LGD3

Downgrades:

Issuer: Chesapeake Energy Corporation
  Senior Secured Downgraded to Caa2- LGD4 from Caa1- LGD3

Upgrades:

Issuer: Chesapeake Energy Corporation
  Speculative Grade Liquidity Rating, Upgraded to SGL-3 from SGL-4

Outlook Actions:

Issuer: Chesapeake Energy Corporation
  Outlook, Changed To Positive From Negative

Affirmations:

Issuer: Chesapeake Energy Corporation
  Probability of Default Rating, Affirmed Caa2-PD
  Corporate Family Rating, Affirmed Caa2
  Senior Unsecured Affirmed Caa3- LGD5

                         RATINGS RATIONALE

The Caa1 rating assigned to the new first lien last out term loan
reflects its relative seniority in the capital structure.  The term
loan will have a senior secured first lien claim to Chesapeake's
assets, giving it a priority claim over the company's second lien
secured notes and senior unsecured notes outstanding. The term loan
will share the same first lien claim to the collateral package
supporting the $4 billion senior secured revolving credit facility;
however, the revolver will have a priority right of payment from
the collateral over the term loan, as signified in its last out
position.  The second lien secured notes rating was downgraded to
Caa2 from Caa1 because of the increase in first lien debt and
decrease in senior unsecured notes that will occur through the
tender offer.  The senior unsecured notes ratings were affirmed at
Caa3, or one notch beneath the Caa2 CFR, in accordance with Moody's
Loss Given Default Methodology.

The change in the rating outlook from negative to positive reflects
the company's better than expected execution on assets sales to
date, the benefits of the pending Barnett Shale divestiture and
related gathering contract termination with Williams Partners (Baa3
negative), the improvement in its liquidity profile as signified by
the increase in its SGL rating to SGL-3, and line of sight for more
asset sales to fund further deleveraging.  If Chesapeake can
complete additional asset sales, further reduce debt and improve
its cash flow then the ratings could be upgraded.  Cash flow
coverage of interest sustained above 1.5x could support a ratings
upgrade.  On the contrary, if Chesapeake's asset sales momentum
were to decelerate and its liquidity deteriorate more rapidly than
expected in advance of its upcoming debt maturities then the
ratings could be downgraded.

Chesapeake's Caa2 CFR incorporates its weak cash flow generation
capacity at Moody's commodity price estimates relative to its still
high debt levels resulting in an unsustainable capital structure.
Greatly reduced capital spending has led to declining production
and proved reserve volumes.  Even with the increase in natural gas
prices since the first quarter of this year, the company is
challenged to generate adequate returns on capital investment and
sufficient cash flow to fund sustaining levels of capital
investment.

The SGL-3 rating is based on Moody's expectation that Chesapeake
will maintain adequate liquidity through the end of 2017, primarily
because of its committed revolving credit facility.  At June 30,
2016, the company had about $3.1 billion of borrowing capacity
available under its revolving credit facility.  The borrowing base
for the credit facility will not be subject to redetermination
review until June 15, 2017 and the company has received covenant
relief through June 30, 2017, with gradual step ups in the
covenants thereafter.  This should provide adequate headroom for
covenant compliance through the end of 2017.

At June 30, 2016, Chesapeake had $1.4 billion of debt that matures
or can be put to the company in 2017, and $846 million that matures
or can be put in 2018.  The proceeds of the term loan will be used
to fund two simultaneously announced tender offers for senior notes
and convertible notes.  One tender offer is for the $730 million
and $315 million of convertible senior notes that can be put to
Chesapeake in 2017 and 2018, respectively.  The second tender offer
applies to senior notes maturing between 2017 and 2023, excluding
the second lien secured notes due 2022.  Both tenders provide for
an aggregate repurchase cap of $500 million with priority given to
2017 and 2018 maturities.

Based on an expectation that a meaningful amount of 2017 and 2018
debt maturities will be refinanced to 2021 through the term loan
issuance, Moody's expects that Chesapeake will maintain adequate
borrowing capacity on its revolver to fund the remaining 2017 debt
maturities and anticipated negative free cash flow through the end
of 2017.  Despite continued reductions in capital spending, Moody's
forecasts continued negative free cash flow based on our commodity
price estimates.  Completion of further asset sales in line with
the company's revised targets for this year will provide further
cushion for maintaining adequate liquidity, including the revolver
covenant requirement that Chesapeake maintain minimum liquidity of
$500 million (cash and cash equivalents and available revolver
borrowing capacity).

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

Chesapeake Energy Corporation is headquartered in Oklahoma City,
Oklahoma and is one of the largest independent exploration and
production companies in North America.


CHESAPEAKE ENERGY: S&P Lowers CCR to 'CC', Outlook Negative
-----------------------------------------------------------
S&P Global Ratings lowered its corporate credit rating on Oklahoma
City-based oil and gas exploration and production company
Chesapeake Energy Corp. to 'CC' from 'CCC'.  The outlook is
negative.

The senior secured first-lien rating remains 'B-', with a recovery
of '1' and the second-lien rating remains 'CCC+', with a recovery
rating of '2'.  The senior unsecured and related recovery ratings
and preferred stock ratings are unchanged.

S&P assigned a 'B-' rating to the company's proposed $1 billion
first-lien second-out term loan.  The recovery rating is '1',
indicating S&P's expectation of very high (90% to 100%) recovery in
the event of a payment default.

The ratings on the first-lien and second-lien debt reflect S&P's
current expectation that it will return the corporate rating to
'CCC' after the completion of the transaction.

The outlook is negative.

"Once the transaction has closed, we will lower the corporate
credit rating to 'SD' and the rating on the 2020 and 2023 senior
unsecured notes to 'D', said S&P Global Ratings credit analyst Paul
Harvey.  "This reflects our expectation that the 2020 and 2023
notes will participate in the tender," he added.

Chesapeake Energy has announced two separate $500 million cash
tender offers to holders of its senior unsecured notes and a second
tender for its convertible notes.  S&P views the tender for the
2020 and 2023 notes as distressed because participating note
holders will receive significantly less than par value as part of
the tender.  S&P's analysis assumes the participation of the 2020
and 2023 notes.  S&P notes that, with the exception of the
euro-notes, the other senior unsecured securities have already been
subject to a distressed transaction and are not affected.  The
euro-notes are being tendered at par, including the early tender
premium.  The early participation deadline for the senior
nonconvertible notes is Aug. 25, 2016, with a final expiration date
of Sept. 12, 2016, unless extended.  S&P expects to lower the
corporate credit to 'SD' and ratings on 2020 and 2023 notes to 'D'
at the close of the transaction.  The company plans to use proceeds
from the proposed $1 billion term loan to support the tender
offers.

S&P will reevaluate the company's corporate credit rating and
issue-level ratings following the close of the tender.  Emphasis
will be placed on S&P's expectations for liquidity in the face of a
still significant maturity schedule through 2018 and beyond.


CHEZ JACQUELINE: Hires Dahiya Law as Bankruptcy Counsel
-------------------------------------------------------
Chez Jacqueline Rest Inc. asks for permission from the U.S.
Bankruptcy Court for the Southern District of New York to employ
Dahiya Law Offices LLC as bankruptcy counsel, nunc pro tunc to July
25, 2016.

The Debtor requires Dahiya Law to:

   (a) give advice to the Debtor with respect to its powers and
       duties as debtor in possession in the continued operation
       of its business and the management of its property;

   (b) assist the Debtor in the preparation of a plan of
       reorganization in this case and to take necessary steps to
       bring the plan to confirmation;

   (c) prepare on behalf of the Debtor necessary applications,
       answers, orders, reports and other motions, complaints,
       pleadings and documents;

   (d) appear before the Bankruptcy Judge and the United States
       Trustee and to protect the interests of the Debtor before
       said Bankruptcy Judge and the United States Trustee; and

   (e) perform legal services for the Debtor that may be necessary

       and appropriate herein.

Dahiya Law will be paid at these hourly rates:

       Principal           $500
       For Counsel         $450
       Paralegals          $125
       Clerks              $50

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

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

Dahiya Law can be reached at:

       Karamvir Dahiya, Esq.
       DAHIYA LAW OFFICES LLC
       75 Maiden Lane Suite 506
       New York, NY 10038
       Tel: (212) 766-8000

Chez Jacqueline Rest Inc., filed a Chapter 11 bankruptcy petition
(S.D.N.Y. Case No. 16-11739) on June 16, 2016.  



CHIEFTAIN STEEL: Court Extends Plan Filing Date to Dec. 28
----------------------------------------------------------
Judge Joan A. Lloyd of the U.S. Bankruptcy Court for the Western
District of Kentucky grants Chieftain Steel, LLC, an extension of
its exclusive plan filing period through and including December 28,
2016.

Judge Lloyd has also granted an extension of the Debtor's Exclusive
Solicitation Period through and including February 26, 2017.

The Debtor seeks these extensions to allow time for the Debtor, its
estate and its creditors to pursue an orderly plan process. The
requested extensions are reasonable given the Debtor's progress to
date and the current posture of this case, and in light of the fact
that the Debtor has just retained new counsel who needs to
familiarize themselves with the Debtor and its operations.

Counsel for Chieftain Steel, LLC:

       Ellen Arvin Kennedy, Esq.
       John M. Spires, Esq.
       DINSMORE & SHOHL LLP
       250 W. Main Street, Suite 1400
       Lexington, Kentucky 40507
       Phone: (859) 425-1000
       Fax: (859) 425-1099
       Email: ellen.kennedy@dinsmore.com

             About Chieftain Steel

Chieftain Steel, LLC, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D. Ky. Case No. 16-10407) on May 2, 2016.
The Debtor is represented by Constance G. Grayson, Esq., at
Gullette & Grayson, PSC.


CROWN MEDIA: S&P Affirms Then Withdraws 'BB-' CCR
-------------------------------------------------
S&P Global Ratings said that it affirmed its 'BB-' corporate credit
rating on Studio City, Calif-based cable network operator Crown
Media Holdings Inc.  The rating outlook is stable.

At the same time, S&P affirmed its 'BB+' issue-level rating on the
company's senior secured debt.  The recovery rating remains
unchanged at '1', indicating S&P's expectation for very high
recovery (90%-100%) of principal in the event of a payment default.


S&P subsequently withdrew all its ratings on Crown Media at the
issuer's request, following the completion of its short-form merger
with Hallmark Cards Inc. (not rated).


CS MINING: Taps FTI Consulting as Restructuring Advisor
-------------------------------------------------------
CS Mining, LLC has filed a motion seeking approval from the U.S.
Bankruptcy Court for the District of Utah to hire a restructuring
advisor.

In its motion, the Debtor proposes to hire FTI Consulting, Inc. as
its restructuring advisor, and designate Michael Buenzow, David
Beckman and Randy Davenport as chief restructuring officers.

FTI will provide these restructuring-related services in connection
with the Debtor's Chapter 11 case:

     (a) reviewing the Debtor's operating plan and budgets, and
         providing feedback as appropriate along with associated
         work plans as necessary;

     (b) providing input and analyses related to alternative
         operating approaches;

     (c) identifying and consulting on key copper mining and
         processing issues;

     (d) working with the Debtor's management on key customer
         issues;

     (e) advising the Debtor on operating plan, liquidity
         management and restructuring alternatives;

     (f) assisting with the debtor-in-possession financing
         process;

     (g) assisting the Debtor with a sale or restructuring
         process; and

     (g) assisting the Debtor in the preparation and confirmation
         of a value optimizing plan of reorganization.

The firm will also provide analytical, operating and reporting
support:

     (a) assisting in the development of appropriate reporting
         procedures related to the filing;

     (b) assisting the Debtor in the development and finalization
         of critical business plans and forecast models;

     (c) designing and implementing cash management procedures;

     (d) identifying critical vendor and inventory management
         steps to ensure business continuity;

     (e) developing communication plans for all key stakeholders;

     (f) preparing schedules and reports as required by the
         Chapter 11 filing;

     (g) performing other administrative tasks as necessary;

     (h) analyzing executory contracts;

     (i) analyzing and administering claims;

     (j) assisting in the preparation of monthly operating
         reports, the statement of financial affairs, and the
         schedules of assets and liabilities; and

     (k) providing the analytical support required for the final
         preparation and confirmation of a plan of reorganization.

CS Mining has agreed to pay FTI a fixed fee of $80,000 per month,
and a completion fee of $1 million.

In a court filing, Mr. Beckman, a senior managing director of FTI,
disclosed that the firm does not represents any interest adverse to
the Debtor's estate, creditors or equity security holders.

FTI can be reached through:

     David Beckman
     FTI Consulting, Inc.
     1001 17th St. #1100
     Denver, CO 80202
     Phone: (303) 689-8800
     Fax: (303) 689-8802
     Email: dave.beckman@fticonsulting.com

                        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 Snell & Wilmer L.L.P. as local counsel, and Pepper
Hamilton LLP as its legal counsel, nunc pro tunc to June 2, 2016.


D.J. SIMMONS: Has Until Dec. 31 to Use BOKF Cash Collateral
-----------------------------------------------------------
Judge Joseph G. Rosania, Jr., authorized D.J. Simmons Company
Limited Partnership and its affiliated Debtors to use cash
collateral on a final basis.

The Debtors are indebted to BOKF, N.A. d/b/a Bank of Oklahoma
formerly Bank of Oklahoma, NA, as of the Petition Date, in the
aggregate principal amount of not less than $9,156,050 plus any
amounts unpaid, incurred or accrued prior to the Petition Date.  To
secure the Prepetition Obligations, the Debtors granted to the
Secured Party liens on and security interests in most of the
Debtors' assets and property, and the proceeds thereof.

The Debtors sought to use cash collateral in order to continue
their ordinary course business operations and to maintain the value
of their bankruptcy estates.

Judge Rosania authorized the Debtors to use cash collateral until
Dec. 31, 2016.  

The approved Budget covered the period September 2016 through
December 2016.  The Budget provided for expenses such as total Well
Project Costs in the amount of $170,000; total Lease Operating
Expense in the amount of $494,400; and  Personnel Expense in the
amount of $128,949.

BOKF was granted, among others, the following adequate protection:

   (a) To the extent of any diminution in the value of its
Collateral, the Secured Party shall have valid, binding, perfected,
continuing, enforceable and non-avoidable replacement security
interests in, and liens upon all of the Debtors' assets and
property, except: (i) avoidance actions under chapter 5 of the
Bankruptcy Code, which will be senior to all other liens; and (ii)
the membership interest in the Twin Stars Compression LLC.

   (b) To the extent of any diminution in value of the Collateral,
the Secured Party is hereby granted allowed senior administrative
expense claims in the Debtors' Chapter 11 cases with priority over
any and all administrative expenses, adequate protection claims and
all other claims against the Debtors, but subject to prior payment
of (i) the U.S. Trustee fees and (ii) unpaid professional fees
approved by the Court for services performed from the Petition Date
through the Final Period.

A full-text copy of the Final Order, dated Aug. 12, 2016, is
available at https://is.gd/kR35ji

          About D.J. Simmons Company Limited Partnership

Farmington, New Mexico-based D.J. Simmons Inc. --
http://www.djsimmons.com/-- is an independent oil and gas  
exploration and production company.  D.J. Simmons and its
affiliates have oil and natural gas reserves from approximately 100
wells operated by DJS, Inc., and 500 wells operated by third
parties in Colorado, New Mexico, Utah, and Texas.  Kimbeto
Resources, LLC, owns 13 wells in Rio Arriba County, New Mexico.
DJS, Inc., also operates the wells owned by Kimbeto.  D.J. Simmons
Company Limited Partnership holds most of the oil and gas and other
assets.  Kimbeto holds oil, gas, and other related assets on land
owned by the Jicarilla Apache Tribe. DJS, Inc, operates the assets
and employs a small administrative staff.

DJS Co. LP, Kimbeto and DJS, Inc., filed Chapter 11 petitions
(Bankr. D. Colo. Case Nos. 16-11763, 16-11765 and 16-11767) on
March 1, 2016.  The cases are jointly administered under Lead Case
No. 16-11763.

The petitions were signed by John Byrom, president of DJS, Inc.  

DJS Co. LP disclosed $9.94 million in total assets and $12.85
million in total liabilities.  Kimbeto disclosed $976,190 in total
assets and $9.81 million in total liabilities.  

Ethan Birnberg, Esq., at Lindquist & Vennum LLP, serves as the
Debtors' counsel.


DALLAS PROTON: RPM Joins in Hunt's Objection to Disclosures
-----------------------------------------------------------
Secured creditor RPM xConstruction, LLC, filed with the  U.S.
Bankruptcy Court for the Northern District of Texas a joinder to
Hunt Construction Group's objection to the disclosure statement
explaining the Chapter 11 Plan filed by the Unsecured Creditor's
Committee of Dallas Proton Treatment Center, LLC, and Dallas Proton
Treatment Holdings, LLC.

As reported by the Troubled Company Reporter on Aug. 11, 2016, Hunt
Construction claims that the Disclosure Statement fails to provide
adequate information.

RPM xConstruction incorporates by reference, for all purposes, Hunt
Construction's objection and all included facts, arguments,
authorities, exhibits, supplements, and amendments thereof.  RPM
does reserve the right to raise further objections to the
Disclosure Statement or the Plan.

RPM xConstruction's counsel can be reached at:

     Stewart Shurtleff, Esq.
     Nick Brooks, Esq.
     GRIFFITH DAVISON & SHURTLEFF, P.C.
     Galleria North Tower I
     13737 Noel Road, Suite 850
     Dallas, TX 75240
     Tel: (972) 392-8900
     Fax: (972) 392-8901
     E-mail: sshurtleff@griffithdavison.com
             nbrooks@griffithdavison.com

            About Dallas Proton Treatment Center

Dallas Proton Treatment Holdings, LLC, was formed in January 2010
and is registered as a limited liability company under the laws of
the State of Delaware.  Holdings' authorized purpose is to conduct
whatever business is necessary to design, finance, construct, and
manage a licensed, freestanding healthcare center in the Dallas,
Texas area that provides proton-radiation therapy for patients with
cancerous tumors.

Holdings' wholly owned subsidiary, Dallas Proton Treatment Center,
LLC, was formed in March 2012 for the specific purpose of
developing, owning, and operating the Project.  Center is the legal
owner of a tract of land and improvements at 2300 N. Stemmons Fwy,
Dallas, Texas 75207.  Center purchased that real estate on or
around Nov. 12, 2013, for approximately $11.60 million.  Center has
spent approximately $18 million in additional funds to develop and
start construction of the Project.

Project is the last of a four-facility program to build four
proton-therapy centers across the United States.  All four centers
were or are being developed and constructed under the management of
Advanced Particle Therapy, LLC.  As of the Petition Date, APT owned
approximately 95% of the Class B equity units, and 96.4% of the
Class A equity units, in Holdings.

Dallas Proton Treatment Center and Dallas Proton Treatment Holdings
sought Chapter 11 protection (Bankr. N.D. Tex. Case Nos. 15-33783
and 15-33784, respectively) on Sept. 17, 2015.  The petitions were
signed by James Thomson as chief technology officer/manager.  

Mark C. Moore, Esq., at Gardere Wynne Sewell LLP serves as counsel
to the Debtors.  Dallas Proton Treatment Center estimated assets at
$10 million to $50 million and liabilities at $1 million and $10
million.  Dallas Proton Treatment Holdings estimated assets at $50
million to $100 million and liabilities at $50 million to $100
million.


DC ENERGY: Operating Account Funds are Estate Property, Court Says
------------------------------------------------------------------
Judge David T. Thuma of the United States Bankruptcy Court for the
District of New Mexico granted the defendant's motion for summary
judgment in the adversary proceeding captioned WAS, LLC,
PETROSOURCE, LP, and EPM ENERGY, LLC, Plaintiffs, v. CLARKE COLL,
Defendant, Adv. No. 15-1024 t (Bankr. D.N.M.).

The parties filed cross motions for summary judgment, with the
plaintiffs, WAS LLC and Petrosource, LP, asking the court to impose
a constructive trust in their favor on all funds in the debtor's
operating account.  The defendant, Clarke Coll, contrariwise,
sought a declaratory judgment that the subject funds are estate
property.

Judge Thuma concluded that imposing a constructive trust is not
appropriate, and that the funds belong to the estate.  The judge
found that although the debtor, DC Energy, LLC, unquestionably
breached its contractual obligation to pay the plaintiffs a portion
of the saltwater disposal system's revenues, the plaintiffs failed
to prove by clear and convincing evidence that they are entitled to
the unusual equitable remedy of a constructive trust.

The bankruptcy case is In re: DC ENERGY, LLC, Debtor, Case No.
14-12923 (Bankr. D.N.M.).

A full-text copy of Judge Thuma's August 5, 2016 memorandum opinion
is available at https://is.gd/vOvxmK from Leagle.com.

WAS, LLC, a New Mexico Limited Liability Company is represented
by:

          Christopher M Gatton, Esq.
          GIDDENS, GATTON & JACOBUS, P.C.
          10400 Academy Road NE, Suite 350
          Albuquerque, NM 87111
          Tel: (505)273-3720
          Fax: (505)271-4848

Clark Coll is represented by:

          Stephanie L Schaeffer, Esq.
          Thomas D Walker, Esq.
          WALKER & ASSOCIATES, P.C.
          500 Marquette NW Suite 650
          Albuquerque, NM 87102
          Email: sschaeffer@walkerlawpc.com
                 twalker@walkerlawpc.com


DEL MONTE FOODS: S&P Affirms 'B-' CCR, Outlook Still Negative
-------------------------------------------------------------
S&P Global Ratings affirmed its 'B-' corporate credit rating on
Walnut Creek, Calif.-based Del Monte Foods Inc.  The outlook is
negative.

At the same time, S&P affirmed its issue-level ratings on the
company's first- and second-lien senior secured term loans.  The
first lien is rated 'B-' with a '3' recovery rating, indicating
S&P's expectation for meaningful recovery (50%-70%, lower half of
the range) in the event of a payment default.  The second lien is
rated 'CCC' with a '6' recovery rating, indicating S&P's
expectation for negligible recovery (0%-10%) in the event of a
payment default.

"The affirmation reflects our view that performance will improve
and the company will improve EBITDA to above $177 million (lease
adjusted) and pay down its asset-backed lending (ABL) borrowings in
fiscal 2017; otherwise, S&P will lower the rating," said S&P Global
Ratings analyst Amanda Cusumano.  "We are not lowering the rating
at this time because the company has sufficient liquidity, with
over $200 million of ABL availability at the fiscal year end, and
we do not believe the company's capital structure is unsustainable.
The company's excess inventory of shelf-stable products will lower
the amount of inventory needed to be produced in 2017 and the ABL
borrowings associated with it.  The company should be able to
reduce leverage and generate positive free operating cash flow if
it manages inventory levels accordingly."

"Del Monte's weak financial performance during fiscal 2016 led to
debt to EBITDA over 8x.  The company missed its revenue and EBITDA
plan for fiscal 2016, generated negative free operating cash flow,
and had ABL borrowings of $225 million ($110 million over
expectations).  Continued operational missteps, including over
building inventory and the acquisition of Sager Creek (which is
negatively impacting profitability), have led to
higher-than-anticipated ABL balances and overall debt leverage
levels, as well as negative free operating cash flow.  S&P Global
Ratings' EBITDA calculation does not add back expenses associated
with the Sager Creek acquisition, enterprise resource planning
implementation, and plant closures to EBITDA.  ABL borrowings were
elevated and working capital was a larger use of cash as the
company increased its inventory levels in anticipation of winning
government U.S. Department of Agriculture contracts.  The company
did not win all of these contracts and now has excess inventory
going into fiscal 2017.  The company must now manage its inventory
levels and ABL borrowings more closely in fiscal 2017, because it
had approximately $220 million of availability at the end of fiscal
2016.  Peak ABL borrowings were $383 million in 2016, which led to
the company requesting a waiver to its 1x springing fixed-charge
covenant in anticipation of a possible covenant trigger," S&P
noted.

The negative outlook reflects the potential for a lower rating over
the next few quarters if the company is unable to substantially
improve performance and strengthen its weak credit metrics,
including reducing debt to EBITDA close to 8x.  A failure to
materially improve performance could result from missteps in
managing its seasonal inventory needs in order to reduce its ABL
balance, which could lead to continued high inventory balances and
negative free operating cash flow.  Additionally, if S&P come to
determine that the capital structure is unsustainable or if
leverage is sustained above 10x, S&P could lower the ratings.

S&P Global Ratings could revise the outlook to stable if Del
Monte's financial results in the first half of 2017 illustrate
progress toward improving EBITDA, as demonstrated by leverage
approaching 8.0x from improved inventory management, positive free
operating cash flow generation, and reduced ABL borrowings.  The
company can achieve greater EBITDA growth through pricing, higher
volumes, and product innovation while reducing its variable costs.


DIAMOND RESORTS: Moody's Rates New $400MM Sr. Secured Notes B1
--------------------------------------------------------------
Moody's Investors Service assigned a B1 rating to Diamond Resorts
International, Inc. proposed $400 million senior secured notes. The
rating outlook is stable.

The proposed $400 million senior secured notes offering has no
impact on Diamond Resorts B2 Corporate Family Rating and B2-PD
Probability of Default Rating as it is leverage neutral.  The
proposed $400 million notes will be used to decrease the previously
proposed senior secured term loan debt to $800 million from $1,200
million.  Proceeds from the proposed senior secured notes and term
loan, along with $600 million senior unsecured notes, and
approximately $1 billion of cash equity contributed by Apollo
Global Management, LLC will be used to fund the
$3.4 billion buyout of Diamond by Apollo.  The purchase price
represents about a 10 times EBITDA multiple based upon Moody's 2016
EBITDA estimate of about $360 million.

New ratings assigned to Diamond Resorts International, Inc. (NEW):

  Senior Secured Notes B1, LGD 3

                         RATINGS RATIONALE

Diamond's B2 Corporate Family Rating reflects its modest scale and
narrow focus on the higher risk timeshare segment of hospitality.
Approximately 69% of Diamond's EBITDA is derived from vacation
interest sales and financing.  Also considered is Moody's
expectation that Diamond's earnings will continue to grow in the
next two years primarily through a combination of increased sales
to existing members, sales to new members, and increased financing
fees related the financing of both of these revenue generating
activities.  Also contributing to earnings growth, albeit to a
smaller degree, will be the implementation of an expense reduction
program that is expected to reduce the company's operating expenses
by at least $25 million, or about 3% of the company's current
operating expenses.  Key credit concerns include Diamond's
considerable leverage.  Although Moody's expects the company will
grow earnings and pay down some term loan amounts during the next
two years, Moody's still expects debt/EBITDA to remain high, at
about 6.3 times by fiscal year-ended Dec. 31, 2017, as the company
will also increase the amount of securitized debt to support new
business.  The ratings are also supported by Diamond's adequate
liquidity profile including low capital requirements, favorable
cash flow profile of its hospitality management business and lack
of near-term debt maturities.

The stable outlook reflects Diamond's concentration in the
timeshare industry, including financing, and the expectation that
the company will increase its borrowings to support its receivables
portfolio.  The stable outlook also incorporates Moody's
expectation that the company will have positive earnings growth
such that leverage declines from the current elevated level and
that it will maintain a good liquidity profile.

While not expected over the near-term due to the company's high
financial leverage, an upgrade could be considered should Diamond's
earnings diversify away from the vacation interest sales and
financing and should debt to EBITDA remain below 5.0 times.

Ratings could be downgraded if Diamond's earnings were to fall or
should the company's financial policy become more aggressive such
that debt to EBITDA was maintained above 6.5 times or EBITA to
interest were to fall below 1.5 times.

Diamond is a timeshare business that specializes in the sale of
vacation ownership interests in the form of points.  Members
receive an annual allotment of points and through the membership
club can use these points to stay at destinations within Diamond's
global network of 437 resorts and 20 cruise itineraries.  Diamond
also provides consumer financing of the purchase of the vacation
ownership interests and manages 108 resorts worldwide.  Revenues
are about $1.0 billion.  Upon closing of the transaction, Diamond
will be owned by Apollo Global Management LLC.

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


DIKA-MATTESON: Can Use Cash Collateral Until Sept. 20
-----------------------------------------------------
Judge Pamela S. Hollis of the U.S. Bankruptcy Court for the
Northern District of Illinois authorized Dika-Matteson LLC to use
Sand Capital VI, LLC's cash collateral from Aug. 1, 2016 through
Sept. 20, 2016.

The approved Operating Budget provides for Grounds & Maintenance
expenses in the amount of $1,785, Utilities expenses in the amount
of $1,900, and management fees in the amount of $1,900, among
others.

Sand Capital VI was granted the following adequate protection:

   (1) The Debtor will permit Sand Capital VI to inspect, upon
reasonable notice and within reasonable hours, the Debtor's books
and records;

   (2) The Debtor shall maintain and pay premiums for insurance to
cover all of its assets from fire, theft and water damage;

   (3) The Debtor shall, upon reasonable request, make available to
Sand Capital VI evidence of that which constitutes its collateral
or proceeds; and

   (4) The Debtor will properly maintain the Homewood Square
Property in good repair and properly manage such Property.

A hearing on the Debtor's Cash Collateral Motion is scheduled on
September 20, 2016 at 10:30 a.m.

A full-text copy of the Order, dated Aug. 12, 2016, is available at
https://is.gd/GKmy7V

                   About Dika-Matteson

DIKA-Matteson, LLC, filed a Chapter 11 petition (Bankr. N.D. Ill.
Case No. 15-04804) on Feb. 13, 2015.  The petition was signed by
Marshall N. Dickler, manager.  Hon. Pamela S. Hollis presides over
the case.  The Debtor is represented by Thomas W. Goedert, Esq.,
Jeffrey C. Dan, Esq., and Brian P. Welch, Esq., Crane, Heyman,
Simon, Welch & Clar.  The Debtor estimated $1 million to $10
million in both assets and liabilities.


ESSAR STEEL: Hires Professionals in Ordinary Course of Business
---------------------------------------------------------------
Essar Steel Minnesota LLC and ESML Holdings Inc., seek permission
from the U.S. Bankruptcy Court for the District of Delaware to
employ professionals used in the ordinary course of business.

In the ordinary course of their businesses, prior to the Petition
Date, the Debtors have relied upon the professional services of
certain attorneys, accountants, engineers, and other professional
persons.  The Debtors anticipate that they will continue to need
those services following the Petition Date as they operate the
Debtors' businesses as debtors in possession. These services are
not specific to the prosecution of the Chapter 11 Cases but are,
instead, necessary to the day-to-day continuation of the Debtors'
operations.

The Ordinary Course Professionals are:

Legal Services
     
      Paul Hastings LLP  
      Fredrikson & Byron PA
      Thompson Hine LLP
      Fryberger, Buchanan, Smith, & Frederick, P.A.
      Environmental Law Group

Land Services

      Benchmark Engineering
      JPJ Engineering
      Barr Engineering Company
      Braun Intertec

Engineering Services

      Golder Associates

Tax and Advisory Services

      Ernst & Young LLC
      KNAV

Use-Tax and Advisory Services

      Refund Partners

Statutory and Auditing Services

      BDO USA LLP

Financial Certification Services

      ARK LLP

Financial Certification Services

     SBI Capital Markets Ltd.
   
The Debtors propose that they be permitted to pay each Ordinary
Course Professional, without formal application to the Court by
such professional, 100% of the fees and disbursements incurred to
each of the Ordinary Course Professionals, upon the submission to
and approval by the Debtors of an appropriate invoice setting forth
in reasonable detail the nature of the services rendered and
disbursements actually incurred; provided, however, that if any
Ordinary Course Professional's fees and disbursements exceed a
total of $75,000 in any three- month period, then the payments to
such Ordinary Course Professional for such excess amounts shall be
subject to the prior approval of the Court in accordance with
sections 330 and 331 of the Bankruptcy Code.

Although certain of the Ordinary Course Professionals may hold
unsecured claims against the Debtors in respect of prepetition
services rendered to the Debtors, the Debtors do not believe that
any of the Ordinary Course Professionals have an interest
materially adverse to the Debtors, their creditors, or other
parties in interest that should preclude such Ordinary Course
Professionals from continuing to represent the Debtors.

                 About Essar Steel Minnesota LLC.

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

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

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


ETRADE FINANCIAL: S&P Assigns BB- Rating on $400MM Preferred Stock
------------------------------------------------------------------
S&P Global Ratings said it assigned its 'BB-' issue-level rating on
E*TRADE Financial Corp.'s $400 million noncumulative perpetual
preferred stock issue.

E*TRADE intends to use the proceeds to help pay for its purchase of
Aperture New Holdings Inc., the parent of OptionsHouse.  S&P
expects the transaction to close in the fourth quarter of 2016.

RATINGS LIST

E*TRADE Financial Corp.
Issuer Credit Rating                      BBB-/Stable/--

New Rating

E*TRADE Financial Corp.
$400 million noncumulative perpetual
   preferred stock                         BB-


FIRST PHOENIX-WESTON: Case Summary & 20 Top Unsecured Creditors
---------------------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

       Debtor                                     Case No.
       ------                                     --------
       First Phoenix-Weston, LLC                  16-12820
          dba Stoney River Assisted Living
       7805 Birch Street
       Weston, WI 54476

       FPG & LCD, L.L.C.                          16-12821
           dba Stoney River Rehab
       7805 Birch Street
       Weston, WI 54476

Type of Business: Health Care

Chapter 11 Petition Date: August 15, 2016

Court: United States Bankruptcy Court
       Western District of Wisconsin (Eau Claire)

Debtors' Counsel: Justin M. Mertz, Esq.
                  MICHAEL BEST & FRIEDRICH LLP
                  100 E. Wisconsin Ave. #3300
                  Milwaukee, WI 53202
                  Tel: 414-225-4972
                  E-mail: jmmertz@michaelbest.com

                                           Estimated   Estimated
                                            Assets     Liabilities
                                           ---------   -----------
First Phoenix-Weston                       $10M-$50M    $10M-$50M
FPG & LCD, L.L.C.                            $0-$50K    $1M-$10M

The petitions were signed by Philip Castleberg, authorized person.

A. First Phoenix-Weston's List of 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Sabra Phoenix Wisconsin, LLC       Real Estate Loan    $4,221,851
18500 Von Karman Avenue
Suite 550
Irvine, CA 92612

First Phoenix Group LLC             Business Loans       $778,429
222 S. Central Avenue
Marshfield, WI 54449


Hoff Barry & Kozar                    Services           $105,086
775 Prairie Center Drive
Eden Prairie, MN 55344

Brown's Living, LLC                   Services            $95,517

Mudrovich Architects                  Services            $77,342

Health Dimensions Group            Vendor Services        $72,850
Email: bethe@hdg1.com

Anchor Management Group            Vendor Services        $36,330

Copeland Building Corporation      Vendor Services        $21,595

Involve LLC                        Contract Services      $16,954

Baker Donelson                         Services            $3,292

McKesson Medical-Surgical           Vendor Supplies        $2,948
Email: mms.treasury@mckesson.com

Sysco Foods                         Vendor Supplies        $2,506
Email: nielsen.lori@bar.sysco.com

Nick Vanlanen                                              $1,520

Complete Office of Wisc.             Service/Supply        $1,293

Gannett Wisconsin Media                 Services           $1,290

All Lines Leasing                       Equipment          $1,024
Email: mary@advacc.com

Quill Corporation                                            $936

Overhead Door                           Services             $757

Wells Fargo Equipment Finance                                $616

HD Supply                                                    $572

B. FPG & LCD, L.L.C.'s List of 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
First Phoenix-Weston, LLC           Business Loan     $1,225,250
222 S. Central Avenue
Marshfield, WI 54449

Browns Living, LLC                    Services          $422,508
222 S. Central Avenue
Marshfield, WI 54449

Anchor Management Group               Services           $69,206

Nurses PRM                             Services          $33,198

Omnicare, Inc.                         Services          $16,375

Fitzsimmons Hospital Svs.                                $16,327

Dept. of Health Services                                 $11,900

Hoff Barry & Kozar                                       $11,783

PC Portal                                                $11,774

Ruder Ware, L.L.S.C.                                     $10,394

Middlesex Insurance                                       $5,712

Marshfield Clinic                                         $4,403

Amtrust North America                                     $4,359

KCI USA                                                   $3,746

Wipfli                                                    $3,717

Evolve Systems                                            $3,401

McKesson Medical-Surgical                                 $1,878

Ministry Medical Group                                    $1,800

Complete Office of Wisconsin                              $1,753

St. Claires Hospital                                      $1,580


FIRST PHOENIX-WESTON: Hires Barbara De Baere Poppy as Accountants
-----------------------------------------------------------------
First Phoenix-Weston, LLC, and FPG & LCD, L.L.C., seek to retain
Barbara De Baere Poppy, CPA, as their accountants effective nunc
pro tunc to the Petition Date.

Starting in early 2016, the Debtors employed Poppy to perform
accounting services and provide day to day assistance in
transaction recording for both Debtors, and to compile and file
their 2015 tax returns.

According to the Debtors, Poppy's services are necessary to support
their monthly operating requirements their Chapter 11 cases, file
the 2015 tax returns, assist with budgeting, and an eventual plan
of reorganization.

Poppy will charge for its services at these rates:

          Barbara Poppy                $150 per hour
          Iveta Carpenter               $95 per hour
          Haley Kolaga                  $50 per hour

As of the Petition Date, Poppy was holding a balance of $5,000 in
trust as security for services and expenses expected to be incurred
during these Chapter 11 cases.  The balance will be held by Poppy
until further approval from the Court.

To the best of the Debtors' knowledge, (a) Poppy is a
"disinterested person" within the meaning of Section 101(14) of the
Code and as required by Section 327(a) of the Code, and does not
hold or represent an interest adverse to the Debtors' estate; and
(b) Poppy has no connection to the Debtors, their creditors, or
their related parties.

                   About First Phoenix-Weston

First Phoenix-Weston, LLC and FPG & LCD, L.L.C., were formed in
2010 to organize, develop, and manage an assisted living and
skilled nursing care facility near three major regional hospitals
in Central Wisconsin—including St. Clare's Hospital, which is
just a block away.  The Facility combines an assisted living
facility together with a skilled nursing facility in a resort-like
atmosphere for its patients.  The business is commonly known as the
"Stoney River" assisted living and rehab.  The Facility is
comprised of two integrated businesses: a 35-unit skilled nursing
rehabilitation center (commonly referred to as the skilled nursing
facility, or "SNF"), and a 60- unit assisted living facility (the
"ALF").

First Phoenix-Weston, LLC and FPG & LCD, L.L.C., filed Chapter 11
bankruptcy petitions (Bankr. W.D. Wisc. Case Nos. 16-12820 and
16-12821) on Aug. 15, 2016.  The petitions were signed by Philip
Castleberg, as part-owner.  The Debtors estimate assets and
liabilities in the range of $10 million to $50 million.  Michael
Best & Friedrich LLP serves as counsel to the Debtors.


FIRST PHOENIX-WESTON: Obtains $1.5M DIP Commitment from Part-Owner
------------------------------------------------------------------
First Phoenix-Weston, LLC, and FPG & LCD, L.L.C., seek authority
from the Bankruptcy Court to obtain postpetition financing from
Philip Castleberg, part-owner of the Debtors, of up to $1,500,000
providing for multiple draws.  The Debtors will use the DIP Loan to
pay for operational expenses, wages, and administrative costs of
the Chapter 11 cases.

The Debtors intend to provide the DIP Lender with priming liens
over any and all administrative expenses and senior liens of the
prepetition lender on all property of the estate.

Interest on the DIP Loan will accrue on the principal balance drawn
at 3% per annum.

The DIP Loan will mature five years from the Plan Effective Date or
upon an Event of Default.

The outstanding balance of the DIP Loan would be secured by all
assets of the Debtors, ahead of Sabra Phoenix Wisconsin, LLC's
perfected lien position on the Debtors' assets, including the
Facility and underlying Real Estate.

The Debtors also seek authority to use cash collateral of Sabra,
the prepetition lender, in the following forms:

   (a) payment of approximately $627,848 of prepetition,
       delinquent property taxes that would otherwise prime
       Sabra's secured position;

   (b) continued funding of payroll for employees of the Debtors
       to ensure proper care of patients is maintained;

   (c) uninterrupted payments of insurance premiums to protect the
       Debtors' assets;

   (d) monthly reporting requirements and auditing with the
       assistance of a third-party disinterested accountant,
       Barbara De Baere Poppy CPA; and

   (e) providing Sabra with replacement liens on the Pre-Petition
       Lender's collateral.

"Absent emergency, post-petition financing, the Debtors will not be
able to pay employees, will not be able to satisfy various
additional monthly obligations, and will be forced to cease
operations and begin discharging patients from the Facility.  If
that occurs, the Debtors' revenues would cease, employees would
promptly resign, and the value of the Facility and the Debtors'
operations would diminish drastically.  Without immediate funding,
the Debtors would essentially shut their doors as quickly as
patients could be relocated," said Justin M. Mertz, Esq., at
Michael Best & Friedrich LLP, one of the Debtors' attorneys.

According to Mr. Mertz, the Debtors are not able to obtain
traditional financing from any outside lender without providing a
collateral pledge by Mr. Castleberg, which he is unwilling to
provide.  Moreover, Mr. Castleberg refuses to undertake the risk
associated with personally loaning these amounts without a senior
lien on the property of the estates.

                   About First Phoenix-Weston

First Phoenix-Weston, LLC and FPG & LCD, L.L.C., were formed in
2010 to organize, develop, and manage an assisted living and
skilled nursing care facility near three major regional hospitals
in Central Wisconsin—including St. Clare's Hospital, which is
just a block away.  The Facility combines an assisted living
facility together with a skilled nursing facility in a resort-like
atmosphere for its patients.  The business is commonly known as the
"Stoney River" assisted living and rehab.  The Facility is
comprised of two integrated businesses: a 35-unit skilled nursing
rehabilitation center (commonly referred to as the skilled nursing
facility, or "SNF"), and a 60- unit assisted living facility (the
"ALF").

First Phoenix-Weston, LLC and FPG & LCD, L.L.C., filed Chapter 11
bankruptcy petitions (Bankr. W.D. Wisc. Case Nos. 16-12820 and
16-12821) on Aug. 15, 2016.  The petitions were signed by Philip
Castleberg, as part-owner.  The Debtors estimate assets and
liabilities in the range of $10 million to $50 million.  Michael
Best & Friedrich LLP serves as counsel to the Debtors.


FIRST PHOENIX-WESTON: Stoney River Facility Files for Ch. 11
------------------------------------------------------------
The managers of an assisted living and skilled nursing care
facility located in Weston, Wisconsin, commonly known as the
"Stoney River" assisted living and rehab, filed voluntary petitions
under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Wisc. Case
Nos. 16-12820 and 16-12821) on Aug. 15, 2016.  

First Phoenix-Weston, LLC and FPG & LCD, L.L.C., which were formed
in 2010 to organize, develop, and manage the Facility, estimate
assets and liabilities in the range of $10 million to $50 million.

The Facility is comprised of a 35-unit skilled nursing
rehabilitation center (commonly referred to as the skilled nursing
facility, or SNF), and a 60-unit assisted living facility (ALF).
Revenues for the SNF are generated primarily through health care
insurance reimbursements.  Approximately 50% of the gross income is
derived from Medicare payments from the Centers for Medicare and
Medicaid Services; 45% from Medicare replacement; and 5% from
private-pay or Medicaid.

The bankruptcy filings come after the government suspended all
government-backed health insurance payments (which represents 95%
of SNF's income) starting in June 15, 2016, due to an incident that
occurred in October of 2015.  The payment suspension will continue
until the Facility is in substantial compliance with Department of
Health Services' requirements -- which has not yet occurred.  An
investigator from the Wisconsin Bureau of Quality Assurance (a
government division of the DHS) issued "level J" citations to the
Facility, which carry significant fines and penalties.

Moreover, the DHS conducted inspections of the Facility on May 12,
2016, and June 29, 2016, finding that the Facility was not in
compliance with State and Federal requirements for nursing homes
participating in Medicare and Medicaid.  As a result, the Debtors
will lose access to Medicare funding pending verification of
compliance with certain state training and certification
requirements.

Philip Castleberg, part-owner of the Debtors, disclosed that
despite a strong opening of the Facility in February of 2013, the
Debtors faced management and cash flow problems which include minor
instances of patient neglect, lack of structure and leadership, and
pending resignation of various key employees.

Just four months after opening, Mr. Castleberg provided a temporary
operating loan of $500,000 to the Debtors.  Mr. Castleberg also
attempted to become involved with the Facility to help turn things
around, but was rebuffed.  As of the Petition Date, Mr.
Castleberg's outstanding loans total $2,142,039.  

By October of 2015, the Debtors had defaulted on payments owed to
Sabra Phoenix TRS Venture, LLC and/or Sabra Health Care REIT, Inc.,
the Debtors' prepetition lender, in connection with a $15 million
financing.  That amount was used to take out a $13 million
construction loan.

Beginning December of 2015, Mr. Castleberg turned to equity
investor Wanxiang in an attempt to secure support and financial
assistance to save the Facility.

In the months leading up to the bankruptcy filings, Castleberg and
Wanxiang have taken steps to protect the Facility, including, among
other things: (a) taken over day-to-day management of the Facility;
(b) held employee training sessions to address the state citations;
and (c) attempted negotiations with Sabra to resolve the defaults
under the Pre-Petition Loan Documents (which yet have proven to be
unsuccessful).  In addition, all membership interests in the
Debtors were successfully transferred from First Phoenix Group LLC
to Wanxiang and Castleberg-owned entities, resulting in Wanxiang
and Lancastle Diversified LLC becoming the managers of the
Debtors.

The Debtors are represented by Michael Best & Friedrich LLP as
counsel.


FIRST PHOENIX-WESTON: Taps Michael Best as Bankruptcy Counsel
-------------------------------------------------------------
First Phoenix-Weston, LLC and FPG & LCD, L.L.C., filed an
application with the Bankruptcy Court seeking permission to employ
Michael Best & Friedrich LLP as their bankruptcy and general
counsel, nunc pro tunc to the Petition Date.

Michael Best will, among other things:

   a. advise and assist the Debtors with respect to their rights,
      duties and powers under the Bankruptcy Code;

   b. advise the Debtors on the conduct of this Chapter 11 case,
      including the legal and administrative requirements of
      operating in Chapter 11;

   c. attend meetings and negotiate with representatives of the
      creditors and other parties-in-interest;

   d. prosecute actions on the behalf of the Debtors, defend
      actions commenced against the Debtors, and represent the
      Debtors' interests in negotiations concerning litigation in
      which the Debtors are involved, including objections to
      claims filed against the Debtors' estates;

   e. prepare pleadings in connection with these Chapter 11 cases,
      including motions, applications, answers, orders, reports,
      and papers necessary or otherwise beneficial to the
      administration of the Debtors' estates;

   f. advise the Debtors in connection with and assist in the
      negotiation and documentation of financing arrangements and
      related transactions, contracts, commercial transactions,
      and any potential sale of assets;

   g. assist the Debtors on licensing, regulatory, tax and other
      governmental matters;

   h. appear before the Court to represent the interests of the
      Debtors' estate;

   i. assist the Debtors in preparing, negotiating and
      implementing a plan, and advise the Debtors with respect
      to any rejection of a plan and reformulation of a plan, if
      necessary; and

   j. perform all other necessary or appropriate legal services
      for the Debtors in connection with the prosecution of this
      Chapter 11 case, including (i) analyzing the Debtors' leases
      and contracts and the assumption and assignment or rejection
      thereof, (ii) analyzing the validity of liens against the
      Debtors, and (iii) advising the Debtors on other
      transactional and litigation matters.

Michael Best will charge for its legal services at these rates:

       Professional                             Hourly Rate
       ------------                             -----------
       Ann Ustad Smith (partner)                   $515
       Justin M. Mertz (senior counsel)            $375
       Other Partners                            $310-$650
       Joseph D. Brydges (associate)               $280
       Other Associate & Non-Partner Attorneys   $215-$570
       Mary Schultz (paralegal)                    $230
       Non-Attorney Professionals &
         Paraprofessionals                       $100-$260

The Debtors have agreed to reimburse Michael Best for its
identifiable, non-overhead expenses incurred in connection with the
Chapter 11 cases in accordance with the firm's policy.  These
expenses include, among other things, postage, overnight mail,
courier delivery, transportation, overtime expenses (including
meals), court reporter services, computer-assisted legal research,
photocopying, airfare, meals, and lodging.  Michael Best will
charge 50% of its usual rates for travel time.

Michael Best currently charges $0.15 per page for standard
duplication in its offices.  For large projects, Michael Best may
use a commercial copy service and either charges that cost (without
markup) as an expense to the client or has the cost billed directly
to the client.

On July 20, 2016, the Debtors hired Michael Best to represent them
in connection with their restructuring efforts pursuant to an
engagement letter.

A total prepetition advanced fee deposit of $100,000 was paid to
Michael Best ($25,000 on July 20 and $75,000 on Aug. 1, 2016 --
both paid from the operating account of FPG & LCD, L.L.C.), before
the Petitions were filed.  The balance of the retained fee advance
not applied to prepetition fees, $16,540, will be held by Michael
Best for payment of its fees incurred post-petition.  Michael Best
was owed nothing by the Debtors when the Petitions were filed.

To the best of the Debtor's knowledge, (a) Michael Best is a
"disinterested person" within the meaning of Section 101(14) of the
Code and as required by Section 327(a) of the Code, and does not
hold or represent an interest adverse to the Debtors' estate; and
(b) Michael Best has no connection to the Debtors, their creditors,
or their related parties.

                   About First Phoenix-Weston

First Phoenix-Weston, LLC and FPG & LCD, L.L.C., were formed in
2010 to organize, develop, and manage an assisted living and
skilled nursing care facility near three major regional hospitals
in Central Wisconsin—including St. Clare's Hospital, which is
just a block away.  The Facility combines an assisted living
facility together with a skilled nursing facility in a resort-like
atmosphere for its patients.  The business is commonly known as the
"Stoney River" assisted living and rehab.  The Facility is
comprised of two integrated businesses: a 35-unit skilled nursing
rehabilitation center (commonly referred to as the skilled nursing
facility, or "SNF"), and a 60- unit assisted living facility (the
"ALF").

First Phoenix-Weston, LLC and FPG & LCD, L.L.C., filed Chapter 11
bankruptcy petitions (Bankr. W.D. Wisc. Case Nos. 16-12820 and
16-12821) on Aug. 15, 2016.  The petitions were signed by Philip
Castleberg, as part-owner.  The Debtors estimate assets and
liabilities in the range of $10 million to $50 million.  Michael
Best & Friedrich LLP serves as counsel to the Debtors.


FOREVERGREEN WORLDWIDE: Deficit Raises Going Concern Doubt
----------------------------------------------------------
Forevergreen Worldwide Corporation filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net income of $189,719 on $10.80 million of net revenues for the
three months ended June 30, 2016, compared to net loss of $1.45
million on $16.08 million of net revenues for the same period in
2015.

For the six months ended June 30, 2016, the Company listed a net
loss of $332,800 on $22.74 million of net revenues, compared to a
net loss of $1.11 million on $33.28 million of net revenues for the
same period in the prior year.

As of June 30, 2016, ForeverGreen had $9.48 million in total
assets, $11.22 million in total liabilities and a total
stockholders' deficit of $1.74 million.

As reported in the accompanying consolidated financial statements,
the Company has a working capital deficit of $2,993,076 and
accumulated deficit of $37,172,129 at June 30, 2016, negative cash
flows from operations, and has experienced periodic cash flow
difficulties.  These factors combined, raise substantial doubt
about the Company's ability to continue as a going concern.

Management anticipates that any future additional capital needed
for cash shortfalls will be provided by debt financing.  The
Company may pay these loans with cash, if available, or convert
these loans into common stock.  They may also issue private
placements of stock to raise additional funding.  Any private
placement likely will rely upon exemptions from registration
provided by federal and state securities laws.  The purchasers and
manner of issuance will be determined according to their financial
needs and the available exemptions.  The Company also note that if
they issue more shares of their common stock then their
shareholders may experience dilution in the value per share of
their common stock.

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

                     https://is.gd/ELms85

                  About ForeverGreen Worldwide

Orem, Utah-based ForeverGreen Worldwide Corporation is a holding
company that operates through its wholly owned subsidiary,
ForeverGreen International, LLC.  The Company's product philosophy
is to develop, manufacture and market the best of science and
nature through innovative formulations as it produces and
manufactures a wide array of whole foods, nutritional supplements,
personal care products and essential oils.

Forevergreen incurred a net loss of $2.62 million on $67.1 million
of net total revenues for the year ended Dec. 31, 2015, compared to
net income of $1.02 million on $58.3 million of net total revenues
for the year ended Dec. 31, 2014.  As of Dec. 31, 2015,
ForeverGreen had $7.78 million in total assets, $9.18 million in
total liabilities and a total stockholders' deficit of $1.40
million.

Sadler, Gibb & Associates, LLC, in Salt Lake City, UT, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2015, citing that the
Company has suffered net losses and has accumulated a significant
deficit.  These factors raise substantial doubt about its ability
to continue as a going concern.



FORT IRWIN: Moody's Affirms Ba2 Rating on Class III Bonds
---------------------------------------------------------
Moody's Investors Service has affirmed the A2 rating on the Fort
Irwin Land LLC, CA's Military Housing Revenue Class I Bonds, Series
2005A, the Baa1 rating on the Class II bonds and the Ba2 rating on
the Class III bonds.  The outlook on the A2 and Baa1 ratings is
stable and the outlook on the Ba2 rating has been revised to
positive.

Rating Outlook

The outlook is stable on Classes I and II as coverage has improved
to levels that provide some buffer for ongoing volatility in
project performance due to changes in occupancy, BAH or expenses.
The outlook has been revised to positive on Class III to reflect
the stability in debt service coverage in 2014 and 2015 as well as
the potential for flat-to-increased debt service coverage in 2016
due to the BAH increase.

Factors that Could Lead to an Upgrade

Continued stabilization or increase in debt service coverage per
tranche, project occupancy stabilizing at higher levels or
improving and continued BAH increases.

Factors that Could Lead to a Downgrade

Declines in debt service coverage or occupancy, a decrease in the
BAH, or a tap to the debt service reserve surety

Legal Security

The bonds are special limited obligations of the issuer, and as
such the bonds are secured solely by the revenues and trust estate
assets pledged to bondholders.

Use of Proceeds
Not applicable.

Obligor Profile
The issuer is Fort Irwin Land, LLC.  The Borrower is California
Military Communities LLC, CA, which was formed to rehabilitate
existing housing and construct new housing for the project.

Methodology
The principal methodology used in this rating was Global Housing
Projects published in December 2015.


FRANK MOULTRIE: Unsecureds to Get Pro Rata Share of $50,000
-----------------------------------------------------------
Frank Moultrie filed with the U.S. Bankruptcy Court for the
Northern District of Alabama a disclosure statement for the
Debtor's plan of reorganization.

Under the Plan, each holder of an allowed Class 6 Unsecured Claim
will receive its pro rata share of $50,000, to be paid in three
annual installments in the amount of $16,666.67, commencing 11
months after the Effective Date.  Class 6 is impaired and is
entitled to vote to accept or reject the Plan.

The Plan provides for the payment of Allowed Claims from the
Reorganized Debtor's income and exempt social security benefits but
may be supplemented, as necessary and appropriate, by exempt
assets, funds from his non-debtor spouse, and contributions from
third parties.

The Disclosure Statement is available at:

            http://bankrupt.com/misc/alnb16-00574-250.pdf

The Plan was filed by the Debtor's counsel:

     Edward J. Peterson III, Esq.
     STICHTER, RIEDEL, BLAIN & POSTLER, P.A.
     110 East Madison Street, Suite 200
     Tampa, FL 33602
     Tel: (813) 229-0144
     Fax: (813) 229-1811
     E-mail: epeterson@srbp.com

Frank Moultrie filed for Chapter 11 bankruptcy protection (Bankr.
N.D. Ala. Case No. 16-00574).


FRONTIER STAR: Ch.11 Trustee Hires Aaron Fox as Special Counsel
---------------------------------------------------------------
P. Gregg Curry, the Chapter 11 Trustee for Frontier Star LLC and
its debtor-affiliates, seeks authorization from the U.S. Bankruptcy
Court for the District of Arizona to employ Aaron Fox Law as
special counsel to handle matters relating to administrative
proceedings pending in Chicago, Illinois, nunc pro tunc to November
17, 2015.

The Chapter 11 Trustee said the Fox Firm continued to provide legal
services after the Petition Date and should be compensated for that
work because it provided a benefit and value to the Debtors'
estates. The fees incurred by the Fox Firm to date total $6,565.20,
all of which relate to the Chicago Proceedings.

According to the Trustee, the Application was not filed sooner due
to the unexpected nature of the Chicago Proceedings, the emergency
nature of the Trustee's appointment, and the fast pace of the Sale
and lease assumption and assignment process. The extraordinary
needs and circumstances of the Debtors' estates throughout this
bankruptcy required that the Trustee take immediate action to
maintain the value of the Chicago restaurants.

The Trustee has agreed to compensate the Fox Firm for professional
services rendered and its normal and customary hourly rates. Aaron
Fox of the Fox Firm bills at the rate of $375-$425 per hour.

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

Aaron Fox 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 Fox Firm can be reached at:

       Aaron Fox, Esq.
       AARON FOX LAW
       314 W. Institute Pl., Suite 2E
       Chicago, IL 60610
       Tel: (312) 224-0028
       E-mail: afox@aaronfoxlaw.com

                      About Frontier Star

Guadalupe, Arizona-based Frontier Star LLC and Frontier Star CJ LLC
are large Carl's Jr. and Hardee's franchisees operated by three
grandchildren of Carl Karcher, who founded the Carl's Jr. hamburger
chain, now owned by parent company CKE Restaurants, Inc.

The grandchildren include the LeVecke siblings Carl, Margaret and
Jason, who is listed as chief executive officer/manager of both
companies.  The LeVecke siblings had more than 130 Carl's Jr. and
Hardee's franchises in seven states and Puerto Vallarta, Mexico, as
of late 2013.

Frontier Star, LLC, and Frontier Star CJ, LLC, filed Chapter 11
bankruptcy petitions (Bankr. D. Ariz. Lead Case No. 15-09383) on
July 27, 2015.  The petitions were signed by Jason LeVecke as
CEO/manager.  The Cavanagh Law Firm serves as counsel to the
Debtors.

On Nov. 19, 2015, P. Gregg Curry was appointed as the Debtors'
Chapter 11 trustee.

Frontier Star disclosed $71.9 million in assets and $27.3 million
in debt in its schedules.


FRYMIRE SERVICES: Can Use Cash Collateral on Interim Basis
----------------------------------------------------------
Judge Stacey G. Jernigan of the U.S. Bankruptcy Court for the
Northern District of Texas authorized Frymire Services, Inc., to
use cash collateral on an interim basis.  

The Debtor contended that an immediate and critical need exists for
the Debtor to utilize cash in order to continue the operation of
its business.  The Debtor further contended that without such
funds, it will not be able to pay postpetition operating expenses
and obtain goods and services needed to carry on its business in a
manner that will avoid irreparable harm to the Debtor's estate.  

The Debtor is indebted to Capital One, National Association, in
these principal amounts:

   (a) $960,000 borrowed against a $1 million revolving line of
credit, secured by cash, accounts and other property; and

   (b) $550,688 remaining due under $742,500 term loan, secured by
non-Debtor real estate.

The approved cash collateral Budget covers a 30-day period
beginning on Aug. 12, 2016 and ending on Sept. 11, 2016.  The
Budget provides for total expenses in the amount of $1,085,234.

The Debtor was directed to establish and maintain a
debtor-in-possession account on or before Aug. 19, 2016, which will
contain all operating revenues and any other source of cash
constituting cash collateral, which is generated by and
attributable to the collateral.

Judge Jernigan ordered the Debtor to make monthly adequate
protection payments to Capital One in the amount of $13,500,
beginning on Sept. 5, 2016.

Capital One was granted replacement liens co-extensive with its
prepetition liens, in all currently owned or hereafter acquired
property and assets of the Debtor, of the same kind or nature that
Capital One had prepetition.

A final hearing on the Debtor's Motion is scheduled on Aug. 31,
2016 at 9:30 a.m.
   
A full-text copy of the Interim Order, dated Aug. 12, 2016, is
available at https://is.gd/pATrVM

                          About Frymire Services

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

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


GAETANO TRUST: Court Junks Chapter 11 Proceedings
-------------------------------------------------
Judge Robert J. Faris of the United States Bankruptcy Court for the
District of Hawaii granted the Office of the U.S. Trustee's motion
to dismiss the case captioned In re GAETANO TRUST, Chapter 11,
Debtor, Case No. 16-00719 (Bankr. D. Haw.).

Judge Faris found that the Gaetano Trust is not an eligible debtor
and that the chapter 11 petition was not properly signed by an
attorney for the debtor.  The judge also found strong indications
that the debtor has filed the case in bad faith.

A full-text copy of Judge Faris' August 3, 2016 order is available
at https://is.gd/YDDdej from Leagle.com.

Gaetano Trust is represented by:

          Bruce R. Lewis, Esq.
          Juneau, AK 99081
          Tel: (619)259-3428

The Office of the U.S. Trustee is represented by:

          Curtis B. Ching, Esq.
          OFFICE OF THE UNITED STATES TRUSTEE
          1132 Bishop Street, Room 602
          Honolulu, HI 96813-2830
          Tel: (808)522-8150
          Fax: (808)522-8156


GENERAL CERAMICS: Dismissal of "Haskell" Suit Partly Affirmed
-------------------------------------------------------------
The Superior Court of New Jersey, Appellate Division affirmed in
part and reversed in part the trial court's determination in the
case captioned HASKELL PROPERTIES, LLC, Plaintiff-Appellant, v. THE
AMERICAN INSURANCE COMPANY, ST. PAUL FIRE & MARINE INSURANCE
COMPANY, FIRST STATE INSURANCE COMPANY, GREAT AMERICAN INSURANCE
COMPANY OF NEW YORK f/k/a AMERICAN NATIONAL FIRE INSURANCE COMPANY,
and FIREMAN'S FUND INSURANCE COMPANY, Defendants-Respondents, No.
A-1452-14T2 (N.J. Super. Ct. App. Div.).

Haskell Properties, LLC appealed from the Law Division's order
dismissing its complaint, which sought damages arising from the
defendants'/insurers' failure to provide coverage for the cleanup
of a contaminated property that Haskell Properties acquired in an
asset sale approved by the bankruptcy court.  According to Haskell
Properties, that sale included the assignment of insurance policies
issued by the defendants.  The Law Division dismissed the complaint
because (1) the asset purchase agreement (APA) could not have
included the defendants' policies as they were not part of the
bankrupt's estate; (2) the APA did not specifically refer to the
insurance policies and therefore did not evince an intent to assign
the policies; (3) any purported assignment was invalid because
Haskell Properties did not secure the consent of any insurer, as
the policies required, and insurance policies are personal and
cannot be assigned absent consent; and (4) the claims arising from
the property's clean-up had not yet ripened, such that the
purported assignment constituted the transfer of a chose in action.


The Superior Court affirmed the trial court's dismissal of Haskell
Properties' complaint to the extent it claimed breaches of contract
and of the covenant of good faith and fair dealing with respect to
damages arising from contamination that occurred after July 20,
2000, if any, and which are unrelated to the pre-sale occurrences.
The Superior Court also affirmed the dismissal of Haskell
Properties' claim for breach of assignment, as it is subsumed by
its breach of contract claim.  The Superior Court reversed the
trial court's decisions as to Haskell Properties's claims for
breach of contract and of the covenant of good faith and fair
dealing for failure to provide coverage for occurrences that
predated the transfer from the Seller to Haskell Properties.

A full-text copy of the Superior Court's August 4, 2016 decision is
available at https://is.gd/BY21OZ from Leagle.com.

Appellant is represented by:

          Eric E. Tomaszewski, Esq.
          Joseph A. Ferriero, Esq.
          GOLUB ISABEL & CERVINO, P.C.
          160 Littleton Road, Suite 300
          Parsipanny, NJ 07054
          Tel: (973)968-3377
          Fax: (973)968-3044
          Email: eric@giclawfirm.com

St. Paul Fire & Marine Insurance Company is represented by:

          John Maloney, Esq.
          Stephen V. Gimigliano, Esq.
          GRAHAM CURTIN, PA
          4 Headquarters Plaza
          Morristown, NJ 07962-1991
          Tel: (973)292-1700
          Fax: (973)292-1767
          Email: jmaloney@grahamcurtin.com
                 sgimigliano@grahamcurtin.com

The American Insurance Company and Fireman's Fund Insurance Company
is represented by:

          Michael E. Buckley, Esq.
          RIVKIN RADLER LLP
          926 RXR Plaza, West Tower
          Uniondale, NY 11558-0926
          Tel: (516)357-3000
          Fax: (516)357-3333
          Email: michael.buckley@rivkin.com

First State Insurance Company is represented by:

          Evan S. Neadel, Esq.
          BECKER MEISEL, LLC
          354 Eisenhower Parkway
          Plaza II, Suite 1500
          Livingston, NJ 07039
          Tel: (973)422-1100
          Fax: (973)422-9122
          Email: eneadel@becker.legal

            -- and --

          Wayne S. Karbal, Esq.
          Gerald E. Ziebell, Esq.
          KARBAL, COHEN, ECONOMOU, SILK & DUNNE, LLC
          150 South Wacker Drive, 17th Floor
          Chicago, IL 60606
          Tel: (312)431-3700
          Fax: (312)431-3670
          Email: wkarbal@karballaw.com
                 gziebell@karballaw.com

Great American Insurance Company f/k/a American National Fire
Insurance Company is represented by:

          Christopher P. Ferragamo, Esq.
          JACKSON & CAMPBELL, P.C.
          One Lafayette Centre, South Tower
          1120 20th Street, NW
          Washington, D.C. 20036-3437
          Tel: (202)457-1600
          Fax: (202)457-1678
          Email: cferragamo@jackscamp.com

            -- and --

          DIFRANCESCO, BATEMAN, COLEY, YOSPIN, KUNZMAN, DAVIS,
          LEHRER & FLAUM, P.C.
          15 Mountain Boulevard
          Warren, NJ 07059
          Tel: (908)757-7800
          Fax: (908)757-8039


GOLDEN AGE CONVELESCENT: Taps Gorski Firm as Counsel
----------------------------------------------------
Golden Age Convelescent Hospital, Inc. aka Golden Age Convalescent
Hospital, Inc. seeks authorization from the U.S. Bankruptcy Court
for the Northern District of California to employ The Gorski Firm,
Inc. as reorganization and general insolvency counsel.

The Debtor requires Gorski Firm to:

   (a) advise and assist the Debtor with respect to compliance
       with the requirements of the U.S. Trustee;

   (b) advise the Debtor regarding matters of bankruptcy law,
       including the rights and remedies of the Debtor with regard

       to its assets and with respect to the claims of its
       creditors;

   (c) represent the Debtor in any proceedings or hearings before
       this Court and in any action in any other court where the
       Debtor's rights under the Bankruptcy Code may be litigated
       or affected;

   (d) conduct examinations of witnesses, claimants, or adverse
       parties and to prepare and assist in the preparation of
       reports, accounts, and pleadings related to the Debtor's
       Chapter 11 case;

   (e) advise the Debtor concerning the requirements of the
       Bankruptcy Code and applicable rules as the same may affect

       the Debtor in this case;

   (f) assist the Debtor in the formulation, negotiation,
       confirmation, and implementation of a Chapter 11 Plan of
       reorganization and any auction or sale of its assets;

   (g) make any court appearances on behalf of the Debtor; and

   (h) take such other actions and perform such other services as
       the Debtor may require of Gorski Firm in connection with
       this Chapter 11 case.

Gorski Firm will be paid at these hourly rates:

       Vincent Gorski              $350
       Paralegals                  $175
       Legal Asistants             $175

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

Gorski Firm received a $11,717 retainer from the Debtor. Of this
retainer, $1,717 was used to pay the Court's filing fee.

Vincent A. Gorski 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.

Gorski Firm can be reached at:

       Vincent A. Gorski, Esq.
       THE GORSKI FIRM, APC
       309 Truxtun Avenue
       Bakersfield, CA 93301
       Tel: (661) 952-9740
       Fax: (661) 952-9741

Golden Age Convelescent Hospital, Inc., filed a Chapter 11
bankruptcy petition (Bankr. N.D. Cal. Case No. 16-52187) on
July 29, 2016.  The Debtor is represented by Vincent A. Gorski,
Esq.



GOSPEL TABERNACLE: Wants to Use Multibank 2009-1 CRE Venture Cash
-----------------------------------------------------------------
Gospel Tabernacle Deliverance Center, Inc., asks the U.S.
Bankruptcy Court for the Northern District of Georgia for
authorization to use cash collateral.

The Debtor is a Georgia non-profit corporation that operates a
church.

The Debtor relates that Multibank 2009-1 CRE Venture, LLC, asserts
a first priority security interest in all the Debtor's income,
rents, revenues, deposits, receipts, profits and proceeds.  The
Debtor says it is indebted to Multibank in the approximate amount
of $8,337,581.

The Debtor tells the Court that in order to effectively reorganize,
it must have access to cash to pay the operating expenses of the
Business.  The Debtor further tells the Court that if it does not
have the authority to use their available cash to pay operating
expenses of the Business, including insurance and payroll, the
Business will be irrevocably harmed.

The Debtor projects total monthly expenses in the amount of
$71,190.

The Debtor proposes to grant Multibank a replacement lien on all
tangible and intangible personal property, to the extent and
validity of those liens that existed prepetition.

A full-text copy of the Debtor's Motion dated Aug. 12, 2016, is
available at https://is.gd/5MORBv

                About Gospel Tabernacle Deliverance Center

Gospel Tabernacle Deliverance Center, Inc., filed a chapter 11
petition (Bankr. N.D. Ga. Case No. 16-63384) on Aug. 1, 2016.  The
petition was signed by Wiley Jackson, Jr., CEO.  The Debtor is
represented by Will B. Geer, Esq., at the Law office of Will B.
Geer, LLC.  The Debtor estimated assets and liabilities at $1
million to $10 million at the time of the filing.


GRAND PANAMA RESORT: Seeks Authority to Use AKSIM Cash Collateral
-----------------------------------------------------------------
Grand Panama Resort Properties, LLC, asks the U.S. Bankruptcy Court
for the Northern District of Florida for authorization to use cash
collateral.

The Debtor relates that as of August 12, 2016, it is indebted to
AKSIM, LLC, in the amount of $1,299,475, together with interest as
of July 14, 2016, costs and attorneys fees, less the funds paid by
the State Court Receiver in Circuit Court Case no. 1500 CA 1142.
The indebtedness was secured by a valid first and prior lien and
security interest in certain real property belonging to the Debtor,
which includes four units in Grand Panama Beach Resort
Condominium.

The Debtor requests the Court to authorize and approve its use of
cash collateral for the payment of its operating expenses such as
electric and other utility bills, condominium assessments,
insurance, and repairs.  The Debtor also intends to use the cash
collateral to make monthly adequate protection payments to AKSIM in
the total amount of $3,488, beginning on September 2016.

A full-text copy of the Debtor's Motion, dated Aug. 12, 2016, is
available at https://is.gd/Fjk2px

Grand Panama Resort Properties is represented by:

          Charles M. Wynn, Esq.
          CHARLES M. WYNN LAW OFFICES, P.A.
          P.O. Box 146
          Marianna, Florida 32447
          Telephone: (850) 526-1529
          E-mail: wynnlawbnk@earthlink.net

              About Grand Panama Resort Properties

Grand Panama Resort Properties, LLC, filed a chapter 11 petition
(Bankr. N.D. Fla. Case No. 16-50218-KKS) on Aug. 11, 2016.  The
Debtor is represented by Charles M. Wynn, Esq., at Charles M. Wynn
Law Offices, P.A.  The Debtor has been engaged in the rental
vacation real estate at Grand Panama Beach Resort Condominium in
Bay County, Florida.


GULF CHEMICAL: Committee Hires Province as Financial Advisors
-------------------------------------------------------------
The Official Committee of Unsecured Creditors of Gulf Chemical &
Metallurgical Corporation, a Texas corporation, et al., seeks
authorization from the U.S. Bankruptcy Court for the Western
District of Pennsylvania to retain Province, Inc., as financial
advisor for the Committee, nunc pro tunc to June 30, 2016.

The Committee requires Province to:

     a. assist the Committee in preparing for and pursuing a global
settlement of general unsecured claims with the Debtors and non-
debtor affiliate parent;

     b. understand and analyze the Debtors' business, assets and
liabilities, liquidity, prospects vis-a-vis contemplated 363 asset
sales, and overall financial condition;

     c. understand and analyze the structure of the broader group
of companies comprising Debtors and non-debtor affiliates;

     d. conduct forensic accounting of the Debtors' books and
records on behalf of the Committee in order to confirm the
arms-length nature of intercompany and other insider transactions
and to support potential litigation;

     e. quantify open environmental remedial obligations, which
could affect sale valuation outcomes depending on Debtors' ability
to discharge such obligations;

     f. value the Debtors' business as a going concern,
restructured going concern, and liquidation through sum-of-parts
valuation, comparable company multiples, comparable transaction
multiples, and discounted cash flow analyses;

     g. prepare comparable data for all asset sales and other
potential transactions involving assumption and/or discharge of
environmental obligations;

     h. identify revenue drivers, cost inefficiencies, and other
areas that may enhance financial performance and resultant
valuation;

     i. become familiar with and analyze possible recoveries for
the creditors from litigation against insiders and non-insiders;

     j. analyze claims against the Debtors and establish the
composition of the claims universe by absolute priority;

     k. perform analysis to determine when the Debtors became
insolvent;

     l. prepare, or review as applicable, preference and fraudulent
conveyance analyses and conduct a cost/benefit analysis thereon as
required;

     m. assist the Committee in reviewing the Debtors' financial
reports, including, but not limited to, SOFAs, Schedules, cash
budgets, and Monthly Operating Reports;

     n. advise the Committee on the current state of the chapter 11
cases;

     o. represent the Committee in negotiations with the Debtors
and third parties as necessary;

     p. if necessary, participate in hearings before the bankruptcy
court with respect to matters upon which Province has provided
advice; and

     q. other activities as are approved by the Committee, the
Committee's counsel, and as agreed to by Province.

Province will be paid at these hourly rates:

     Stilian Morrison, managing director       $535
     Fred Chin, director                       $500
     Sanjuro Kietlinksi, senior associate      $420
     Principal                                 $660–700
     Director/Managing Director                $470–$620
     Associate/Senior Associate                $330–$460
     Analyst/Senior Analyst                    $250–$320
     Para professional                         $100

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

Stilian Morrison, managing director with the firm Province, Inc.,
assured the Court that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code and does
not represent any interest adverse to the Debtors and their
estates.

Province can be reached at:

     Stilian Morrison
     Province, Inc.
     1560 Sawgrass Corporate Pkwy
     Floor 4
     Sunrise, FL 33323
     Phone: (954)331-1056
     E-mail: smorrison@provincefirm.com

             About Bear Metallurgical and Gulf Chemical

Bear Metallurgical Co. and Gulf Chemical & Metallurgical Corp.
filed chapter 11 petitions (Bankr. W. D. Pa. Lead Case No.
16-22192) on June 14, 2016.  The petitions were signed by Eric
Caridroit, chief executive officer. The cases are assigned to Judge
Jeffery A. Deller.

At the time of the filing, Bear Metallurgical estimated assets and
debts to be between $1 million and $10 million.  Gulf Chemical
estimated assets and debts to be between $100 million and $500
million.

The Office of the United States Trustee appointed an official
committee of unsecured creditors on June 30, 2016.  The Committee
retained Fox Rothschild LLP and Lowenstein Sandler LLP as counsel;
and Province, Inc. as financial advisor.



Counsel for Comilog Holdings, Gulf's parent company and
Bear's
indirect parent company, are John M. Steiner, Esq.
, and
Patrick W. Carothers, Esq., at Leech Tishman Fuscaldo & Lampl, LLC.


GULF CHEMICAL: Creditors' Panel Hires Lowenstein as Counsel
-----------------------------------------------------------
The Official Committee of Unsecured Creditors of Gulf Chemical &
Metallurgical Corporation, a Texas corporation, et al., seeks
authorization from the U.S. Bankruptcy Court for the Western
District of Pennsylvania to retain Lowenstein Sandler LLP, as
counsel for the Committee.

The Committee requires Lowenstein Sandler to:

     a. advise the Committee with respect to its rights, duties,
and powers in these Chapter 11 Cases;

     b. assist and advise the Committee in its consultations with
the Debtors relative to the administration of these Chapter 11
Cases;

     c. assist the Committee in analyzing the claims of the
Debtors' creditors and the Debtors' capital structure and in
negotiating with holders of claims and equity interests;

     d. assist the Committee in its investigation of the acts,
conduct, assets, liabilities, and financial condition of the
Debtors and of the operation of the Debtors' businesses;
  
     e. assist the Committee in its investigation of the liens and
claims of the holders of the Debtors' pre-petition debt and the
prosecution of any claims or causes of action revealed by such
investigation;

     f. assist the Committee in its analysis of, and negotiations
with, the Debtors or any third party concerning matters related to,
among other things, the assumption or rejection of certain leases
of nonresidential real property and executory contracts, asset
dispositions, sale of assets, financing of other transactions and
the terms of one or more plans of reorganization for the Debtors
and accompanying disclosure statements and related plan documents;

     g. assist and advise the Committee as to its communications to
unsecured creditors regarding significant matters in these Chapter
11 Cases;

     h. represent the Committee at hearings and other proceedings;

     i. review and analyze applications, orders, statements of
operations, and schedules filed with the Court and advise the
Committee as to their propriety;

     j. assist the Committee in preparing pleadings and
applications as may be necessary in furtherance of the Committee's
interests and objectives;

     k. prepare, on behalf of the Committee, any pleadings,
including without limitation, motions, memoranda, complaints,
adversary complaints, objections, or comments in connection with
any of the foregoing; and

     l. perform other legal services as may be required or are
otherwise deemed to be in the interests of the Committee in
accordance with the Committee's powers and duties as set forth in
the Bankruptcy Code, Bankruptcy Rules, or other applicable law.

Lowenstein Sandler will be paid at these hourly rates:

     Partners                          $575-$1,150
     Senior Counsel and Counsel        $405-$700
     Associates                        $300-$575
     Paralegals and Assistants         $115-$300

Lowenstein Sandler has agreed to discount its hourly rates by 10%
as a courtesy to the Committee.

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

S. Jason Teele, Esq., partner of the law firm of  Lowenstein
Sandler LLP, assured the Court that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code and does not represent any interest adverse to the Debtors and
their estates.

Lowenstein Sandler can be reached at:

      S. Jason Teele, Esq.
      Lowenstein Sandler LLP
      65 Livingston Avenue
      Roseland, NJ 07068
      Phone: (973)597-2346
      Fax: (973)597-2400
      E-mail: steele@lowenstein.com

        About Bear Metallurgical and Gulf Chemical



Bear Metallurgical Co. and Gulf Chemical & Metallurgical
Corp.
filed chapter 11 petitions (Bankr. W. D. Pa. Lead Case
No.
16-22192) on June 14, 2016.



The petitions were signed by Eric Caridroit, chief
executive
officer. The cases are assigned to Judge Jeffery A.
Deller.



At the time of the filing, Bear Metallurgical estimated assets and
debts to be between $1 million and $10 million.  Gulf Chemical
estimated assets and debts to be between $100 million and $500
million.



The Office of the United States Trustee appointed an
official
committee of unsecured creditors on June 30,
2016.  The Committee retained Fox Rothschild LLP and Lowenstein
Sandler LLP as counsel; and Province, Inc. as financial advisor.



Counsel for Comilog Holdings, Gulf's parent company and
Bear's
indirect parent company, are John M. Steiner, Esq.
, and
Patrick W. Carothers, Esq., at Leech Tishman Fuscaldo & Lampl, LLC.


HALCON RESOURCES: Unsecureds to Recoup 100% Under Plan
------------------------------------------------------
Halcon Resources Corporation, et al., filed with the U.S.
Bankruptcy Court for the District of Delaware a disclosure
statement to the joint prepackaged plan of reorganization dated
June 20, 2016, which proposes that holders Class 8 General
Unsecured Claims recover 100%.

On and after the Effective Date, the Debtors or Reorganized
Debtors, as applicable, will continue to pay or dispute each
general unsecured claim in the ordinary course of business as if
the Chapter 11 cases had never been commenced; provided, however,
that if the unsecured note claims class is a rejecting class then
the distributions to be received by the General Unsecured Claims
will be modified so as to comply with Section 1129(b) of the U.S.
Bankruptcy Code, subject to the consenting third lien noteholders'
rights under Section 9 of the Restructuring Support Agreement.

At the option of the Debtors, any cash payment to be made under the
Plan may be made by a check or wire transfer or as otherwise
required or provided in applicable agreements.

To address their working capital needs and fund their
reorganization efforts, the Debtors require the use of cash subject
to liens granted in favor of the holders of the revolving credit
agreement lenders, the second lien noteholders and the third lien
noteholders, pursuant to the guarantee and collateral agreement,
the second lien security agreement and the third lien security
agreement.  On the Petition Date, the Debtors intend to seek
authority from the Bankruptcy Court to continue to use the Cash
Collateral in the ordinary course of business subject to certain
restrictions.  The Debtors may elect to seek funding for the
Chapter 11 cases by means of DIP Financing, which may include a
roll-up of some or all of the revolving credit facility.

The Disclosure Statement is available at:

           http://bankrupt.com/misc/deb16-11724-17.pdf

The Joint Prepackaged Plan was filed by the Debtors' counsel:

     Gary T. Holtzer, Esq.
     Joseph H. Smolinsky, Esq.
     WEIL, GOTSHAL & MANGES LLP
     767 Fifth Avenue
     New York, NY 10153
     Tel: (212) 310-8000
     Fax: (212) 310-8007
     E-mail: gary.holtzer@weil.com
             joseph.smolinsky@weil.com

          - and -

     Robert S. Brady, Esq.
     YOUNG CONAWAY STARGATT & TAYLOR, LLP
     Rodney Square
     1000 North King Street
     Wilmington, Delaware 19801
     Tel: (302) 571-6600
     Fax: (302) 571-1253
     E-mail: rbrady@ycst.com

                     About Halcon Resources

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

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

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


HEBREW HEALTH: Case Summary & Largest Unsecured Creditors
---------------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

        Debtor                                    Case No.
        ------                                    --------
        Hebrew Health Care, Inc.                  16-21311
        1 Abrahms Boulevard
        West Hartford, CT 06117

        Hebrew Life Choices, Inc.                 16-21312
           aka Hoffman SummerWood Community
        160 Simsbury Road
        West Hartford, CT 06117

        Hebrew Community Services, Inc.           16-21313
        1 Abrahms Boulevard
        West Hartford, CT 06117

        Hebrew Home and Hospital, Incorporated    16-21314
        1 Abrahms Boulevard
        West Hartford, CT 06117

Type of Business: Health Care

Chapter 11 Petition Date: August 15, 2016

Court: United States Bankruptcy Court
       District of Connecticut (Hartford)

Judge: Hon. Ann M. Nevins  

Debtors' Counsel: Elizabeth J. Austin, Esq.
                  PULLMAN AND COMLEY, LLC
                  850 Main Street
                  P.O. Box 7006
                  Bridgeport, CT 06601-7006
                  Tel: (203) 330-2000
                  E-mail: eaustin@pullcom.com

                                         Estimated    Estimated
                                           Assets    Liabilities
                                        ----------   -----------
Hebrew Health Care, Inc.                $1M-$10M     $100K-$500K
Hebrew Life Choices, Inc.               $10M-$50M    $10M-$50M
Hebrew Community Services, Inc.         $500K-$1M    $100K-$500K
Hebrew Home and Hospital                $1M-$10M     $10M-$50M

The petitions were signed by Bonnie Gauthier, CEO.

A. Hebrew Health Care, Inc.'s List of Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Expense Consulting, Ltd.                                  $2,577
Attn Officer, General
or Managing Agent
811 Blue Hills Avenue
Bloomfield, CT 06002

B. Hebrew Life Choices's List of 16 Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
TD Bank , N.A.                                           $28,937

New Wave Industries, Inc.                                 $4,125

HCS ALSA Services                                         $3,160

Lifeline - Philips Lifeline                               $2,275

Dargene Provisions                                        $1,911

West Side Foods, Inc.                                     $1,126

Freshpoint                                                $1,118

The Hartford Courant                                      $1,020

Fire Protection Testing Inc.                                $650

YP                                                          $585

Happy Chef                                                  $582

The Russell Hall Co.                                        $480

Unum Life Ins.                                              $431
Company of North America

O'Konis Electric, LLC                                       $428

Earthlink Business                                          $381

Docusource                                                  $277
Leasing- DeLage
Landen Finan.
Philadelphia, PA

C. Hebrew Community Services' List of 7 Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
The Retreat                                             $42,877

Unemployment                                            $17,827
Compensation c/o CT DOL

YP                                                         $498

Earthlink Business                                         $123

Visiting Hair Stylists                                      $64

Allen Design Associates                                     $50

Docusource Leasing                                          $40
- A Program of
DeLage
Landen Financial Services

D. Hebrew Home and Hospital's List of 20 Largest Unsecured
Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Department of                                         $1,069,965
Revenue Svs
Provider Tax
Attn Officer, General
or Managing Agent
25 Sigourney Street
Hartford, CT
06102-5089

Morrison                                                 $956,424
Management
Specialists
Attn Officer, General
or Managing Agent
5801 Peachtree
Dunwoody Road
Atlanta, GA 30342

McKesson Drug                                            $401,943
Company
Attn Officer, General
or Managing Agent
P.O. Boxx 848442
Dallas, TX
75284-8442

Maxor Plus                                               $227,014

Eversource                                               $148,847

AETNA Large Case Pension                                 $111,023

Crowe Horwath LLP                                        $103,442

Rogin Nassau LLC                                          $93,595

WFB, NA CMS                                               $90,914

Medline Industries, Inc.                                  $89,924

Workers Compensation Trust                                $86,688

Siegel, O'Connor,                                         $61,623
O'Donnell & Beck PC

Metropolitan District                                     $60,741

Unemployment                                              $60,562
Comp. c/o Dept of Labor

Wiggin & Dana LLP                                         $57,696

Laborer's Union Pension Fund                              $57,266

ArjoHuntleigh, Inc.                                       $53,627

Errico Brothers Landscaping                               $51,698

Connecticut Natural                                       $48,552
Gas Corporation

Kroll, McNamara,                                          $46,649
Evans & Delahanty LLP
Iron Mountain Records Management                          $40,813


HOVBROS PROPERTIES: Hires Ciardi Ciardi & Astin as Counsel
----------------------------------------------------------
HovBros Properties, LLC seeks authorization from the U.S.
Bankruptcy Court for the District of New Jersey to employ Ciardi
Ciardi & Astin as counsel for the Debtor-in-Possession.

The Debtor requires the Ciardi Ciardi & Astin to:

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

    b. prepare all motions, applications, answers, orders, reports
& other legal papers as necessary; and

    c. perform all other legal services for the Debtor.

Ciardi Ciardi & Astin will be paid at these hourly rates:

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

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

Albert A. Ciardi, III, Esq., member with the firm of Ciardi Ciardi
& Astin, assured the Court that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code and does not represent any interest adverse to the Debtor and
its estates.

Ciardi Ciardi & Astin may be reached at:

      Albert A. Ciardi, III, Esq.
      Jennifer C. MacEntee, Esq.
      Ciardi Ciardi & Astin
      One Commerce Square, Suite 3500
      2005 Market Street
      Philadelphia, PA 19103
      Telephone: 215-557-3550
      Facsimile: 215-557-3551
     
             About HovBros Properties, LLC

HovBros Properties, LLC filed a Chapter 11 bankruptcy petition
(Bankr. D.N.J. Case No. 16-23930) on June 20, 2016. Hon. Jerrold
N. Poslusny Jr. presides over the case. Ciardi Ciardi & Astin
represents the Debtor as counsel.  In its petition, the Debtor
estimated $100,000 to $500,000 in assets and $10 million to $50
million in liabilities. The petition was signed by Peter Hovnanian,
managing member.


ICMFG & ASSOCIATES: Hires Stichter Riedel as Counsel
----------------------------------------------------
ICMFG & Associates, Inc., seeks authorization from the U.S.
Bankruptcy Court for the Middle District of Florida to employ
Stichter, Riedel, Blain & Postler, PA as counsel for the Debtor in
Possession, nunc pro tunc to the July 29, 2016.

The Debtor requires Stichter Riedel to:

     a. render legal advice with respect to the Debtor's powers and
duties as debtor in possession, and the continued management of the
Debtor's property;

     b. prepare on behalf of the Debtor necessary motions,
applications, orders, reports, pleadings, and other legal papers;

     c. appear before this Court and the United States Trustee to
represent and protect the interests of the Debtor;

     d. assist with and participating in negotiations with
creditors and other parties in interest in formulating a chapter 11
plan, drafting such a plan and a related disclosure statement, and
taking necessary legal steps to confirm such a plan;

     e. represent the Debtor in all adversary proceedings,
contested matters, and matters involving administration of this
case;

     f. represent the Debtor in negotiations with potential
financing sources and preparing contracts, security instruments, or
other documents necessary to obtain financing; and

     g. perform all other legal services that may be necessary for
the proper preservation and administration of this Chapter 11
case.

The Debtor has agreed to compensate Stichter Riedel on an hourly
basis in this case in accordance with Stichter Riedel's ordinary
and customary rates which are in effect on the date the services
are rendered. The Debtor understands that Stichter Riedel's hourly
rates are subject to periodic adjustments to reflect economic and
other conditions.

Stichter Riedel received the aggregate sum of $25,000.00 on account
of prepetition services and as a retainer for postpetition
services.

Susan Heath Sharp, attorney of the law firm of Stichter, Riedel,
Blain & Postler, PA , assured the Court that the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code and does not represent any interest adverse to
the Debtor and its estates.

Stichter Riede may be reached at:

       Susan Heath Sharp, Esq.
       Stichter, Riedel, Blain & Postler, PA
       110 East Madison Street, Suite 200
       Tampa, FL 33602
       Phone: (813)229-0144
       Fax: (813) 229-1811
       E-mail: sshrp@srbo.com

             About ICMFG & Associates, Inc.

ICMFG & Associates, Inc. filed a Chapter 11 bankruptcy petition
(Bankr. M.D.Fla. Case No. 16-06552) on July 29, 2016. Stichter,
Riedel, Blain & Postler, PA represents the Debtor as counsel.  In
its petition, the Debtor estimated $1 million to $10 million in
assets and $10 million to $50 million in liabilities. The petition
was signed Michael Doyle, president.


INTREPID POTASH: Covenant Problems Raises Going Concern Doubt
-------------------------------------------------------------
Intrepid Potash, Inc., filed with the Securities and Exchange
Commission its amended quarterly report on Form 10-Q/A-1 disclosing
a net loss of $13.40 million on 51.84 million of sales for the
three months ended June 30, 2016, compared to a net loss of $4.94
million on $73.65 million of sales for the same period in 2015.

For the six months ended June 30, 2016, the Company reported a net
loss of $31.82 million on $125.12 million of sales compared to net
income of $1.59 million on $190.67 million of sales for the six
months ended June 30, 2015.

As of June 30, 2016, the Company had $599.20 million in total
assets, $202.92 million in total liabilities and $396.28 million in
total stockholders' equity.

The holders of the Company's senior notes have agreed to waive
until September 30, 2016, the requirement under the terms of the
senior notes that the Company will comply with certain financial
covenants for the first and second quarters of 2016. If current
market conditions continue, the Company anticipates that its
adjusted EBITDA (earnings before interest, income taxes,
depreciation, amortization, and certain other expenses, as defined
in the credit facility) will not be sufficient for them to return
to compliance with these covenants through 2016. As a result, the
Company is working with its lenders and evaluating its options,
which could include additional covenant amendments, waivers, or
forbearances, alternative financing arrangements, a possible
further reduction in the amount of the credit facility, and a
possible reduction of Company's outstanding debt, which may include
the payment of prepayment penalties. The Company has reached an
agreement in principle regarding revised terms of its senior notes
and has received a commitment letter from a third-party lender for
a new credit facility to replace its existing credit facility,
subject to various conditions, including that the revised terms of
the agreement between the Company and the holders of its senior
notes be satisfactory to the third-party lender. The Company is
working towards completing documentation to close these
transactions by September 30, 2016. However, if the Company is
unable to reach definitive agreements, its continued failure to
comply with these covenants after September 30, 2016, will result
in an event of default under the terms of the senior notes and the
credit facility that, if not cured or waived, could result in the
acceleration of all outstanding indebtedness, including the
acceleration of its senior notes and any amounts outstanding under
the credit facility. If the lenders were to make such a demand for
repayment, the Company would be unable to pay the obligations as
they do not have existing facilities or sufficient cash on hand to
satisfy these obligations. With this material uncertainty
surrounding compliance with the Company's debt covenants, declining
revenues, lower-of-cost-or-market inventory adjustments, and
negative cash flows from operations, there is substantial doubt
about the Company's ability to continue as a going concern.

A full-text copy of the Form 10-Q/A-1 is available for free at:

                   https://is.gd/Wweqz6

                      About Intrepid

Intrepid Potash -- http://www.intrepidpotash.com/-- is the only
U.S. producer of muriate of potash and supplied approximately 9% of
the country's annual consumption in 2015.  Potash is applied as an
essential nutrient for healthy crop development, utilized in
several industrial applications and used as an ingredient in animal
feed.  Intrepid also produces a specialty fertilizer, Trio(R),
which delivers three key nutrients, potassium, magnesium, and
sulfate, in a single particle.

Intrepid serves diverse customers in markets where a logistical
advantage exists; and is a leader in the utilization of solar
evaporation production, one of the lowest cost, environmentally
friendly production methods for potash.  After the idling of its
West mine in July 2016, Intrepid's production will come from three
solar solution potash facilities and one conventional underground
Trio(R) mine.



IPAYMENT INC: S&P Lowers CCR to 'CCC' on Refinancing Risk
---------------------------------------------------------
S&P Global Ratings said it lowered its corporate credit rating on
New York City-headquartered iPayment Inc. to 'CCC' from 'B-'.  The
outlook is negative.

S&P also lowered the issue-level rating to 'CCC+' from 'B' on the
company's first-lien credit facilities in accordance with S&P's
notching criteria.  The recovery rating remains '2', indicating
S&P's expectation of substantial (70%-90%; upper half of the range)
recovery in the event of default.

In addition, S&P lowered the issue-level rating on the company's
second-lien senior secured notes as well as the senior unsecured
notes to 'CC' from 'CCC'.  The recovery rating remains '6',
indicating S&P's expectation of negligible (0%-10%) recovery in the
event of default.

"The rating actions reflect iPayment's significant near-term
refinancing risk and relatively subdued recent trend of operating
erformance, with high leverage, weak liquidity, low free cash flow
to debt, and increasing risk of capital structure
unsustainability," said S&P Global Ratings credit analyst Peter
Bourdon.

The downgrade also reflects S&P's view that the company will
default without an unforeseen positive development over the next 12
months.

The negative outlook reflects S&P's assessment of iPayment's weak
liquidity profile, with significant near-term debt maturities and
narrow flexibility under its credit facility's financial
maintenance covenant.


JADECO CONSTRUCTION: Court OKs Public Auction for Equipment
-----------------------------------------------------------
Judge Robert E. Grossman of the U.S. Bankruptcy Court for the
Eastern District of New York authorized Jadeco Construction Corp.
to sell to certain of its equipment and vehicles at a public sale
to the highest or best bidder.

The sale is free and clear of all liens.

A hearing on the Sale Motion was held on Aug. 8, 2016.

Gold Coast Bank has asserted liens on all of the Assets.  Komatsu
Financial and Mercedes-Benz Financial have also asserted liens on
certain of the Assets.  All liens on the Assets will attach to the
proceeds from the sale of the Assets in the same order and priority
as they presently exist.

The proceeds from the sale of the Assets will be held in escrow by
counsel for the Debtor until further order of the Court.

                    About Jadeco Construction

Jadeco Construction Corp. is a New York corporation which has been
engaged in the business of providing labor, material and services
for asphalt and concrete paving for roadwork, curbs and sidewalks.
Its customers have generally been municipalities, including the
town of Smithtown.  It has worked under contracts with Smithtown
since it was founded in 1994.

Jadeco sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. E.D.N.Y. Case No. 16-71508) on April 6, 2016, as a result
of Smithtown's failure to pay the Debtor.  The petition was signed
by Jacinto Dealmeida, president.  The case is assigned to Judge
Robert E. Grossman.

The Debtor is represented by Joel M. Shafferman, Esq., at the
Shafferman & Feldman LLP.

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

Since the filing of its petition, the Debtor has continued in the
management and control of its business and property as
debtor-in-possession pursuant to Sections 1107 and 1108 of the
Bankruptcy Code.  No trustee or examiner has been appointed in the
Debtor's case.  No creditors' committee has been appointed.


JOHN Q. HAMMONS: Hires HVS for Appraisal and Consulting Services
----------------------------------------------------------------
John Q. Hammons Fall 2006 and its debtor-affiliates seek permission
from the U.S. Bankruptcy Court for the District of Kansas to employ
TS Worldwide, LLC d/b/a HVS to provide appraisal and consulting
services

The Debtors tell the Court that HVS is familiar with the Debtors'
business operations and their hotels.  HVS has obtained valuable
institutional knowledge of the Debtors' operations and hotels as a
result of its engagement on behalf of the Debtors prior to the
Commencement Date.

The Debtors require HVS to initially provide appraisals of the fair
market value of 25 of the 35 hotels owned and operated by the
Debtors. HVS will also provide consulting services with respect to
the Debtors' hotels and may, if so designated, provide expert
testimony in these chapter 11 cases. HVS may also appraise the
remainder of the Debtors hotels after the initial 25 hotels project
is completed on terms to be decided hereafter.

For Consulting Services, HVS will be paid at these hourly rates:

     Managing Director        $500
     Senior Vice President    $400
     Vice President           $300
     Senior Associate         $250
     Associate                $200

For Appraisal Services, HVS intends to charge a flat fee of $7,500
per hotel appraised, totaling $187,500. Of that amount, the Debtors
will pay HVS a retainer of $120,000 and will pay the remaining
$67,500 to HVS once the appraisals are completed and delivered to
Debtors' counsel in final form.

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

Anne R. Lloyd-Jones, senior managing director of TS Worldwide, LLC
d/b/a HVS, assured the Court that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code and does not represent any interest adverse to the Debtor and
its estates.

HVS may be reached at:

     Anne R. Lloyd-Jones
     TS Worldwide, LLC d/b/a HVS
     369 Willis Avenue
     Mineola, NY 11501
     Tel: +1 (516)248-8828 ext. 208
     E-mail: alloyd-jones@hvs.com

       About John Q. Hammons Hotels & Resorts

Springfield, Mo.-based John Q. Hammons Hotels & Resorts (JQH) --
http://www.jqhhotels.com/ -- isa private, independent owner
and manager of hotels in the United States, representing brands
such as: Marriott, Hilton, Embassy Suites by Hilton, Sheraton, IHG,
Chateau on the Lake Resort / Spa & Convention Center, and Plaza
Hotels Collection. It has portfolio of 35 hotels representing
approximately 8,500 guest rooms/suites in 16 states.

John Q. Hammons Hotels & Resorts on June 27, 2016, disclosed that
the family of companies, the Revocable Trust of John Q. Hammons,
and their related affiliates, filed voluntary petitions (Bankr. D.
Kan. Case No. 16-21139 to Case No. 16-21208) to restructure under
Chapter 11 of the U.S. Bankruptcy Code in Kansas City.

The Debtors are represented by Mark A. Shaiken, Esq., Mark S.
Carder, Esq., and Nicholas Zluticky, Esq., at Stinson Leonard
Street LLP, in Kansas City, Missouri.  The Debtors' conflict
counsel is Victor F Weber, Esq., at Merrick Baker and Strauss PC,
in Kansas City, Missouri.

At the time of filing, the Debtors had $100 million to $500 million
in estimated assets and $100 million to $500 million in estimated
liabilities.

The petitions were signed by Greggory D Groves, vice president.


KENNETH LEONARD DYMMEL: Approval of Disclosure Statement Stayed
---------------------------------------------------------------
In the case captioned In re: KENNETH LEONARD DYMMEL AND RUTH
ELIZABETH DYMMEL, Chapter 11, Debtors, Case No. 2:15-bk-12558-RK
(Bankr. C.D. Cal.), Judge Robert Kwan of the United States
Bankruptcy Court for the Central District of California, Los
Angeles Division, stayed the Order Approving Third Amended
Disclosure Statement (Corrected/Final), filed on July 21, 2016,
until further order.

Judge Kwan found that the debtors by their counsel had lodged the
order approving the corrected Third Amended Disclosure Statement
without resolving the objection of Creditor East/West Bank, which
necessitates this order setting the objection for hearing and
staying the order approving the corrected Third Amended Disclosure
Statement because the court approved the order lodged by Mr.
Aronson on the incorrect assumption that all issues relating to the
corrected Third Amended Disclosure Statement had been resolved.

A full-text copy of Judge Kwan's August 1, 2016 order is available
at https://is.gd/WJcPKL from Leagle.com.

Kenneth Leonard Dymmel is represented by:

          Robert M. Aronson, Esq.
          Law Office of Robert M. Aronson
          444 S. Flower St., Suite 1700
          Los Angeles, CA 90071
          Tel: (213) 688-8945
          Fax: (213) 688-8948
          Email: robert@aronsonlawgroup.com

United States Trustee, U.S. Trustee, is represented by:

          Alvin Mar, Esq.
          OFFICE OF THE UNITED STATES TRUSTEE
          915 Wilshire Blvd., Suite 1850
          Los Angeles, CA 90017
          Tel: (213)894-6811


KLEEN LAUNDRY: Hires Ford & McPartlin as Attorneys
--------------------------------------------------
Klein Laundry and Dry-cleaning Services, Inc., seeks authorization
from the U.S. Bankruptcy Court for the District of New Hampshire to
employ Ford & McPartlin, PA as attorneys for the Debtor.

The Debtor requires the Firm to:

    a. advise the Debtor with respect to its powers and duties as
Debtor-in-possession;

    b. represent the Debtor at hearings and matters pertaining to
its affairs as Debtor and Debtor-in-Possession;

    c. attend meetings and negotiating with representatives of the
Debtor's creditors and other parties-in-interest, as well as
responding to creditors inquiries;

    d. take all necessary action to protect and preserve the
Debtor's estate;

    e. prepare on behalf of the Debtor all necessary and
appropriate motions,
applications, answers, orders, reports and papers necessary to the
administration of
the estate;
    
    f. review applications and motions filed in connection with
this case;

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

    h. advise the Debtor in connection with any potential sale of
assets or business, or in connection with any strategic planning;

    i. review and evaluate the Debtor's executory contracts and
unexpired leases, and representing the Debtor in connection with
the rejection, assumption, or assignment of such leases;

    j. consult with and advise the Debtor regarding labor and
employment matters;

    k. represent the Debtor in connection with any adversary
proceedings or
automatic stay litigation which may be commenced by or against the
Debtor;

    l. review and analyze various claims of the Debtor's creditors
and the treatment
of such claims, and preparing, filing or prosecuting any objections
thereto; and

    m. perform other necessary legal services and providing other
necessary legal
advice to the Debtor in connection with this Chapter 11 case.

The Debtor will compensate Counsel in accordance with its standard
applicable hourly rates, upon application to this Court in
accordance with any orders of this Court and the provisions of the
Code and Bankruptcy Rules.

Edmond J. Ford, member of the law firm of Ford & McPartlin, PA,
assured the Court that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code and does
not represent any interest adverse to the Debtor and its estates.

Ford & McPartlin may be reached at:

      Edmond J. Ford, Esq.
      Ford & McPartlin, PA
      10 Pleasant Street, Suite 400
      Portsmouth, NH 03801-4551
      Phone: (603)433-2002
      Fax: (603)443-2122
      E-mail: eford@fordlaw.com

          About Kleen Laundry and Drycleaning Services

Kleen Laundry and Drycleaning Services, Inc. filed a chapter 11
petition (Bankr. D.N.H. Case No. 16-11079) on July 25, 2016.  The
Debtor is represented by Richard J. McPartlin, Esq. and Edmond J.
Ford, Esq., at Ford & McPartlin, P.A.


L. SCOTT APPAREL: Sharron et al Breached Loan as of Petition Date
------------------------------------------------------------------
Judge Robert Kwan of the United States Bankruptcy Court for the
Central District of California, Los Angeles Division, has issued a
separate statement of decision in support of the orders granting in
part and denying in part the request of Howard Grobstein, as
liquidating trustee of L. Scott Apparel, Inc., for issuance of
writs of attachment against the defendants Lowell S. Sharron and
Beyond Basics, LLC dba Daily Threads.

Judge Kwan determined that the date of the breach by the defendants
of their obligations to pay loans back to the debtor, giving rise
to attach is the date that the debtor, L. Scott Apparel, became
insolvent on June 19, 2013 -- the date of the filing of the date of
the involuntary bankruptcy petition.

The bankruptcy case is In re: L. SCOTT APPAREL, INC., Chapter 11,
Debtor, Case No. 2:13-bk-26021-RK (Bankr. C.D. Cal.).

A full-text copy of Judge Kwan's August 8, 2016 statement is
available at https://is.gd/j0NOUO from Leagle.com.

Howard Grobstein as Liquidating Trustee of L. Scott Apparel Inc.,
is represented by:

          Brian L Davidoff, Esq.
          Courtney E Pozmantier, Esq.
          Lori L Werderitch, Esq.
          GREENBERG GLUSKER
          1900 Avenue of the Stars, 21st Floor
          Los Angeles, CA 90067
          Tel: (310)553-3610
          Email: bdavidoff@greenbergglusker.com
                 cpozmantier@greenbergglusker.com
                 lwerderitch@greenbergglusker.com

Lowell S. Sharron is represented by:

          Lloyd S Mann, Esq.
          15233 Ventura Bld, Suite 714
          Sherman Oaks, CA 91403
          Tel: (818)789-0510
          Fax: (818)789-0518


LAST CALL GUARANTOR: Has Until Aug. 19 to Use Cash Collateral
-------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware authorized
Last Call Guarantor, LLC and its affiliated Debtors to use cash
collateral on an interim basis, until Aug. 19, 2016.

The approved Budget provided for total disbursements in the amount
of $3,204,382.

The Court acknowledged that if the Debtors' use of cash collateral
were not granted, the Debtors would not have sufficient working
capital and liquidity to continue their operations.

The secured parties were granted first priority replacement liens
and security interests in all the Debtor's assets and their
proceeds, in the same extent, priority and enforceability that the
secured parties held on the prepetition collateral as of the
Petition Date.

The First Lien Lenders and Second Lien Lenders were granted first
priority liens and second priority liens, respectively, and
security interests, by each of the Debtors in all of their
unencumbered assets, and any proceeds from the disposition of any
unencumbered asset, or any asset which did not constitute
prepetition collateral.  

The secured parties were granted an allowed super-priority
administrative expense claim against each Debtor and its respective
estate to the extent of any diminution in the prepetition
collateral, subject to the Carve-Out, which consists of any unpaid
fees due and owing to the United States Trustee and Clerk of the
Bankruptcy Court.

The Debtors were directed to pay up to $95,000 in fees and expenses
incurred by professionals retained by the First Lien Agent.

The Debtors' Motion is scheduled for hearing on Aug. 19, 2016 at
11:00 a.m.  The deadline for the filing of objections to the
Debtors' Motion is set on Aug. 17, 2016 at 4:00 p.m.

A full-text copy of the Interim Order, dated Aug. 12, 2016, is
available at https://is.gd/MhjYEM

A full-text copy of the approved Budget, dated Aug. 12, 2016, is
available at https://is.gd/HzAn4v

                  About Last Call Guarantor

Headquartered in Dallas, Texas, and with operations in 25 states,
Last Call Guarantor, LLC, et al., own and operate sports bar and
casual family-dining restaurants under three well-recognized
concepts, namely Fox & Hound, Bailey's Sports Grille, and Champps.
They operate 48 Fox & Hound locations, nine Bailey's locations, and
23 Champps locations.  They have franchise agreements with five
franchisees for Champps Restaurants.  The Company has 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, the CRO.

Last Call Guarantor estimated assets in the range of $10 million to
$50 million and liabilities of $100 million to $500 million.

Dennis A. Meloro, Esq., Nancy A. Mitchell, Esq., Nancy A. Peterman,
Esq., Matthew Hinker, Esq., and John D. Elrod, Esq., at Greenberg
Traurig, LLP represent the Debtors as counsel.

Judge Kevin Gross is assigned to the cases.


LDI MANAGEMENT: Wants to Use IRS Cash Collateral
------------------------------------------------
LDI Management, Inc., asks the U.S. Bankruptcy Court for the
Eastern District of Texas for authorization to use cash
collateral.

The IRS asserts that the Debtor is indebted for 940 and 941 taxes
for periods ending September 2014 through September 2015, with the
unpaid balance of $201,292.  The IRS further asserts that the IRS
Indebtedness is secured by liens on certain of the Debtor's assets
as identified by its Form 668 Notices of Federal Tax Liens.  The
IRS adds that the collateral, together with its proceeds and
revenues, constitute cash collateral.

The Debtor believes that the IRS is the only entity that has an
interest in the cash collateral.

The Debtor tells the Court that it must use the cash collateral to
operate its business after the Petition Date and until confirmation
of a reorganization plan.

The Debtor's proposed monthly Cash Collateral Budget provides for
total payroll expenses in the amount of $66,940 and total expenses
in the amount of $6,701.

The Debtor proposes to grant the IRS with adequate protection:

     (1) The Debtor will submit to the Secured Creditor copies of
all monthly reports required to be made to the United States
Trustee, all filings made by the Debtor with the Court, and all
notices of hearings in the Reorganization Case, which may be made
via e-mail or ECF filing notice.

     (2) The Debtor will maintain its Debtor-in-Possession account
in accordance with the orders of the Court applicable thereto
and/or in accordance with the regulations of the Office of the
United States Trustee.

     (3) The Debtor will give the IRS proof of insurance coverage
and maintain same on the tangible portions of the Collateral.

     (4) The Debtor will stay current on all post-petition tax
obligations.

     (5) The IRS will be granted a general and continuing lien upon
and security interest in and to all of the Debtor's right, title,
and interests in, to, and against the IRS’s collateral, acquired
by the Debtor after the Petition Date.
  
A full-text copy of the Debtor's Motion, dated August 12, 2016, is
available at https://is.gd/Ldy9dZ

A full-text copy of the approved Budget, dated August 12, 2016, is
available at https://is.gd/DOduvm

LDI Management is represented by:

          Mark A. Castillo, Esq.
          Joshua L. Shepherd, Esq.
          Bryan C. Assink, Esq.
          CURTIS CASTILLO PC
          901 Main Street, Suite 6515
          Dallas, Texas 75202
          Telephone: (214) 752-2222
          E-mail: mcastillo@curtislaw.net
                  jshepherd@curtislaw.net
                  bassink@curtislaw.net

                     About LDI Management

LDI Management, Inc. filed a chapter 11 petition (Bankr. E.D. Tex.
Case No. 16-60485-11) on Aug. 4, 2016.  The Debtor is represented
by Mark A. Castillo, Esq., Joshua L. Shepherd, Esq., and Bryan C.
Assink, at Curtis Castillo PC.

The Debtor provides medical services to certain residents of The
Linderian Company, Ltd., which operates a skilled nursing facility
in Longview, Texas by the name of Summer Meadows.


LOUISIANA CRANE: Hires Taylor Porter as Special Counsel
-------------------------------------------------------
Louisiana Crane & Construction, LLC seeks authorization from the
U.S. Bankruptcy Court for the Western District of Louisiana to
employ Taylor Porter Brooks & Phillips, LLP as special counsel for
estate.

The Debtor seeks to hire the law firm of Taylor, Porter, Brooks &
Phillips, LLC as special counsel with regard to certain distinct,
specified matters which commenced prior to the bankruptcy filing.

The Debtor requires Taylor Porter to render specific legal services
to the Debtor, namely to continue its work on the outstanding
issues surrounding the IRS tax lien, ongoing negotiations with
certain equipment lenders and all aspects of the lending
relationship with Amegy, prospective DIP lender, in a manner
consistent with an attorney’s duties and obligations had no
bankruptcy case been filed.

Taylor Porter will be paid at these hourly rates:

     Brett P. Furr              $375
     Michael Crawford           $355
     John F. McDermott          $375
     Kelly R. Dick, Jr.         $225
     Paralegals                 $130
     In House Abstractor        $130

Michael Crawford, partner with Taylor Porter Brooks & Phillips,
LLP, assured the Court that the firm not represent any interest
adverse to the Debtor and its estates.

Taylor Porter may be reached at:

      Michael Crawford, Esq.
      Taylor Porter Brooks & Phillips, LLP  
      8th Floor, 450 Laurel Street
      Baton Rouge, LA 70801
      Tel: 225.381.0201
      Fax: 225.346.8049
      E-mail: mike.crawford@taylorporter.com

                    About Louisiana Crane



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



Judge Robert Summerhays presides over the case.



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


LOUISIANA CRANE: Hires Three Rivers for Restructuring & Finance
---------------------------------------------------------------
Louisiana Crane & Construction, LLC seeks authorization from the
U.S. Bankruptcy Court for the Western District of Louisiana to
employ Three Rivers Capital, LLC for restructuring, management and
financial advisory services, nunc pro tunc to June 27, 2016.

Three Rivers Capital, LLC previously performed advisory services
for the Debtor.  

The Debtor believes that the firm has the proper expertise, and is
uniquely positioned, to assist the Debtor in its chapter 11 case in
an efficient manner.

Pursuant to the Engagement Letter, Three Rivers Capital will
provide these services:

    a. Cash flow management;
  
    b. Asset conversions;
   
    c. Debt retirement;
   
    d. Developing strategies for improving liquidity and engaging
in the implementation thereof;
   
    e. Serving as a liaison with the Debtor's secured creditors;
   
    f. Plan development; and
    
    g. Participating in other activities such as assistance in
identification of cost reduction and operations improvement
opportunities.

Three Rivers Capital will bill $395.00 per hour or $3,950.00
daily.

On June 22, 2016, the Debtor advanced Three Rivers Capital $15,000
to provide a retainer for services rendered or to be rendered, and
for reimbursement of expenses incurred.

Three Rivers Capital will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Paul T. Gariepy, Jr., owner of Three Rivers Capital, LLC, assured
the Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtor and its estates.

Three Rivers Capital may be reached at:

     Paul T. Gariepy, Jr.
     Three Rivers Capital, LLC
     17 Poplar Drive
     Covington, LA 70433-4327

                About Louisiana Crane



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



Judge Robert Summerhays presides over the case.


MARIA RODRIGUEZ: Sale of Berwyn Property for $400K Approved
-----------------------------------------------------------
Judge Deborah Thorne of the U.S. Bankruptcy Court for the Northern
District of Illinois authorized Maria S. Rodriguez to sell property
commonly known as 7142 Riverside Drive, Berwyn, Illinois to Ericka
Pino and Predrag Milic for $400,000.

The sale of property is free and clear of all liens, claims and
interests to attach the proceeds of sale as provided in the order
previously entered on June 9, 2016.

The Court ordered Debtor to (a) pay a flat fee of $2,500 to be paid
to James Jimenez from the proceeds of sale for transacting the
sale, and (b) pay from or provide a credit against the proceeds of
sale for the amounts due and owing on the mortgages and on account
of real estate taxes and all other customary costs of sale for
which Debtor-in-Possession is responsible under the contract.

The order of June 9, 2016 is authorized to reflect that the prior
sale of the Riverside property, which was approved therein, is
revoked and canceled. The requested shortening of notice to seven
days for the Motion and Order is approved.

                     About Maria S. Rodriguez

Maria S. Rodriguez is a licensed broker who engages in her business
in the locale of the properties.

Maria S. Rodriguez filed a Chapter 11 petition (Bankr. N.D. Ill.
Case No. 16-11959) on April 7, 2016.  Judge Deborah L. Thorne is
assigned to the case.

The Debtor estimated assets and liabilities in the range of
$500,001 to $1,000,000.

Bruce de'Medici serves as the Debtor's counsel.

The petition was signed by Flora Sampang, member.


MAXUS ENERGY: Creditors' Panel Hires BRG as Financial Advisor
-------------------------------------------------------------
The Official Committee of Unsecured Creditors of Maxus Energy
Corporation, et al., seeks authorization from the U.S. Bankruptcy
Court for the District of Delaware to retain Berkeley Research
Group, LLC as financial advisor for the Committee, nunc pro tunc to
June 15, 2016.

The Committee requires BRG to:

     a. assist Counsel in conducting an investigation into
potential claims that the Debtors (or any individual debtor) have
or may have against YPF S.A. and affiliated entities, Repsol S.A.
or any other third party based on "alter ego" or similar theories;

     b. in light of the results of the investigation identified
above, evaluate the proposed settlement with YPF and provide
assistance to Counsel with respect to any opposition to the
proposed settlement or negotiation of any amendment or modification
to the proposed settlement;

     c. evaluate indemnification and other obligations owed to
Occidental Chemical Corporation an other creditors;

     d. evaluate claims for insurance coverage;

     e. advise and assist the Committee in its analysis of any
proposed debtor in possession financing and the accompanying
budget;

     f. assist and advise the Committee in the monitoring of the
Debtors' and non-debtor affiliates' historical, current and
projected financial affairs, including scheduled of assets and
liabilities and statement of financial affairs;

     g. review the proposed payments of pre-petition expenses by
the Debtors and perform procedures to ensure that the payments are
appropriate;

     h. develop a periodic monitoring report to enable the
Committee to effectively evaluate the Debtors' performance and
operating activities on an ongoing basis;

     i. advise and assist the Committee and Counsel in reviewing
and evaluating any court motions, applications, or other forms of
relief filed or to be filed by the Debtors, or any other
parties-in-interest;

     j. as required, prepare alternative business projections or
valuations of the Debtors' business and assets;

     k. develop strategies to maximize recoveries from the Debtors'
assets and advise and assist the Committee with respect to such
strategies;

     l. evaluate any asset sales proposed by the Debtors;

     m. monitor the Debtors' claims management process, analyze
claims including guarantee claims and priority claims and summarize
claims by entity

     n. advise and assist the Committee in identifying and/or
reviewing any pre-petition asset sale or other pre-petition
transactions, preference payments, illegal dividends, fraudulent
conveyances, and other potential causes of action that the Debtors'
estates may hold against against insiders and/or third parties;

     o. analyze the Debtors' and non-Debtor affiliates' assets and
analyze potential recoveries to creditor constituencies under
various scenarios and prepare the associated recovery waterfall;

     p. review and provide analysis of any plan of reorganization
and disclosure statement relating to the Debtors including, if
applicable, the development and analysis of any plan of
reorganization proposed by the Committee;

     q. advise and assist the Committee in its assessment of the
Debtors' employee needs and related costs including evaluation of
any proposed KERP or KEIP plans;

     r. analyze intercompany and/or related party transactions of
the Debtors and non-Debtor affiliates;

     s. advise and assist the Committee in the evaluation of the
Debtors' contractual arrangements;

     t. attend Committee meetings, court hearings, and auctions as
may be required;

     u. assist the Committee in the evaluation of the tax input
impact of any proposed transactions;

     v. render other general services business consulting or
assistance as the Committee or its counsel may been necessary,
consistent with the role of a financial advisor; and

     w. perform other potential services, including: rendering
expert testimony, issuing expert reports and or preparing
litigation, valuation and forensic analyses that have not yet been
identified but as may be requested from time to time by the
Committee and Counsel.

BRG will be paid at these hourly rates:

      Christopher Kearns                   $940
      Edin Ordway                          $940
      Rick Wright                          $665
      Jonathan Emerson                     $425
      Brian Park                           $275
      Managing Director                    $650-$940
      Director                             $450-$650
      Professional Staff                   $275-$450
      Support Staff                        $125-$250

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

Christopher Kearns, managing director and member of Berkeley
Research Group, LLC d/b/a BRG Capstone, 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.

BRG can be reached at:

      Christopher Kearns
      Berkeley Research Group, LLC d/b/a BRG Capstone
      810 7th Avenue, 41st Floor
      New York, NY 10018
      Tel: 212.782.1409
      E-mail: ckearns@thinkbrg.com

                   About Maxus Energy



Maxus Energy Corporation and four of its subsidiaries
filed
voluntary petitions for reorganization under Chapter 11
(Bankr. D. Del., Case No. 16-11501) on June 17, 2016.  The
Debtors intend to use the breathing spell afforded by the
Bankruptcy Code to decide whether their existing environmental
remediation operations and oil and gas operations can be
restructured as a sustainable, stand-alone enterprise.



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

On July 7, 2016, the United States Trustee for the District of
Delaware filed Notice of Appointment of Committee of Unsecured
Creditors.  The Committee selected Schulte Roth & Zabell LLP as
counsel, and Cole Schotz as Delaware co-counsel.  Berkeley Research
Group, LLC serves as financial advisor for the Committee.


MAXUS ENERGY: Creditors' Panel Hires Cole Schotz as Co-Counsel
--------------------------------------------------------------
The Official Committee of Unsecured Creditors of Maxus Energy
Corporation, et al., seeks authorization from the U.S. Bankruptcy
Court for the District of Delaware to retain Cole Schotz PC as
Delaware co-counsel for the Committee, nunc pro tunc to June 8,
2016.

The Committee requires Cole Schotz to:

     a. serve as Delaware bankruptcy co-counsel to the Committee;

     b. serve as conflicts counsel to the Committee in conficts
matters as designated by Schulte and the Committee, with powers
including, but not limited to, the ability to litigate against and
negotiate with entities against which Schulte is precluded from
appearing adverse;

     c. provide legal advice with respect to the Committee's
powers, rights, duties, and obligations in the Chapter 11 Cases;

     d. assist and advise the Committee in its consultations with
the Debtors regarding the administration of the Chapter 11 Cases;

     e. assist the Committee in reviewing and negotiating terms for
unsecured creditors with respect to (i) the use of cash collateral,
(ii) any sale of substantially all of the Debtors' assets,
including negotiating bid procedures and proposed asset purchase
agreements, and (iii) other requests for relief which would impact
unsecured creditors;

     f. advise the Committee on the corporate aspects of the
Debtors' reorganization or liquidation and the plan(s) or other
means to effect reorganization or liquidation as may be proposed in
connection therewith, and participation in the formulation of any
such plan(s) or means of implementing reorganization or
liquidation, as necessary;

     g. take all necessary actions to protect and preserve the
estate of the Debtors for the benefit of creditors, including the
investigation of the acts, conduct, assets, liabilities, and
financial condition of the Debtors, the investigation of the prior
operation of the Debtors's business and the investigation and
prosecution of estate claims, causes of action, and any other
matters relevant to the Chapter 11 Cases;

     h. prepare on behalf of the Committee all necessary motions,
applications, complaints, answers, orders, reports, papers and
other pleadings and filings in connection with the Committees's
duties in the Chapter 22 Cases;

     i. advise and represent the Committee inhering and other
judicial proceedings in connection with all necessary motions,
applications, objections and other pleadings, and otherwise
protecting the interest of those presented by the Committee; and

     j. perform all other necessary legal service as may be
required and authorized by the Committee that are in the best
interest of general unsecured creditors.

Cole Schotz will be paid at these hourly rates:

    Norman L. Pernick                   $840
    J. Kate Stickles                    $695
    Nicholas Brannick                   $395
    Pauline Rakowiak                    $260
    Kimberly Karstetter                 $235
    Members                             $395-$850
    Special Counsel                     $385-$480
    Associates                          $195-$420
    Paralegals                          $165-$270
    Litigation Support Specialist       $275-$375

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

Norman L. Pernick, member of the law firm of Cole Schotz PC,
assured the Court that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code and does
not represent any interest adverse to the Debtors and their
estates.

The following is provided in response to the request for additional
information set forth in D1 of the U.S. Trustee's Appendix B
Guidelines:

     -- Cole Schotz did not represent the Committee  during the 12
months proceeding the filing go the Chapter 11 Cases.

     -- Cole Schotz is developing a budget and staffing plan for
July 8, 2016 through May 31, 2017 that will be presented to the
Committee for approval.

Cole Schotz can be reached at:

       Norman L. Pernick, Esq.
       Cole Schotz PC
       500 Delaware Avenue, Suite 1410
       Wilmington, DE 19801
       Tel: 302-651-2000
       Fax: 302-574-2100
       E-mail: npernick@coleschotz.com

               About Maxus Energy



Maxus Energy Corporation and four of its subsidiaries
filed
voluntary petitions for reorganization under Chapter 11
(Bankr. D. Del., Case No. 16-11501) on June 17, 2016.  The
Debtors intend to use the breathing spell afforded by the
Bankruptcy Code to decide whether their existing environmental
remediation operations and oil and gas operations can be
restructured as a sustainable, stand-alone enterprise.



The Debtors have engaged Young Conaway Stargatt & Taylor, LLP
as local counsel, Morrison & Foerster LLP as general
bankruptcy
counsel, Zolfo Cooper, LLC as financial advisor and
Prime Clerk LLC as claims and noticing agent, all are subject to
the Bankruptcy Court's approval.

On July 7, 2016, the United States Trustee for the District of
Delaware filed Notice of Appointment of Committee of Unsecured
Creditors.  The Committee selected Schulte Roth & Zabell LLP as
counsel, and Cole Schotz as Delaware co-counsel.  Berkeley Research
Group, LLC serves as financial advisor for the Committee.


MAXUS ENERGY: Creditors' Panel Hires Schulte Roth as Counsel
------------------------------------------------------------
The Official Committee of Unsecured Creditors of Maxus Energy
Corporation, et al., seeks authorization from the U.S. Bankruptcy
Court for the District of Delaware to retain Schulte Roth & Zabel
LLP as counsel for the Committee, nunc pro tunc to June 7, 2016.

The Committee requires Schulte Roth to:

    a. administer these Chapter 11 Cases and exercise oversight
with respect to the Debtors' affairs, including all issues in
connection with the Debtors, the Committee, and these Chapter 11
Cases;

    b. prepare in behalf of the Committee on necessary
applications, motions, memoranda, objections, orders, reports, and
other legal papers;

    c. appear in Court, participate in litigation as a
party-in-interest, and statutory meetings of creditors to represent
the interest of the Committee;

    d. negotiate debtor-in-possession financing for the Debtors;

    e. negotiate, formulate, draft, and confirm of a plan of
reorganization or liquidation and matters related thereto;

    f. negotiate and formulate any proposed sale of any of the
Debtors' assets, including pursuant to section 363 of the
Bankruptcy Code;

    g. investigate, directed by the Committee, of among other
things, the assets, liabilities, and financial conditions of the
Debtors, and prior transactions concerning the Debtors that may be
relevant to these Chapter 11 Case (including those related to the
settlement and release of the claims arising from those
transactions);

    h. communicate with he Committee's constituents in furtherance
of its responsibilities, including, but not limited to,
communications required under section 1102 of the Bankruptcy Code;
and

     i. perform all of the Committee's duties and powers under the
Bankruptcy Code and the Bankruptcy Rules and the performance of
such other services as are in the interest of those represented by
the Committee.   

Schulte Roth will be paid at these hourly rates:

     Partners                      $890-$1,225
     Counsel                       $890-$1,225
     Special Counsel               $850-$875
     Associates                    $350-$875
     Legal Assistants              $205-$425

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

Adam C. Harris, partner with the law firm of Schulte Roth & Zabel
LLP, assured the Court that the firm is a "disinterested person" as
the term is defined in Section 101(14) of the Bankruptcy Code and
does not represent any interest adverse to the Debtors and their
estates.

The following is provided in response to the request for additional
information set forth in D1 of the U.S. Trustee's Appendix B
Guidelines:

   -- Schulte Roth did not represent the Committee before its
formation on July 7, 2016. Schulte Roth's billing rates have not
changed since the Petition Date.

   --Schulte Roth is developing a budget and staffing plan for July
7, 2016 through May 31, 2017 that will be presented to the
Committee for approval.

Schulte Roth can be reached at:

      Adam C. Harris, Esq.
      Schulte Roth & Zabel LLP
      919 Third Avenue
      New York, NY 10022
      Tel: +1 212.756.2253
      E-mail: adam.harris@srz.com
  
                  About Maxus Energy



Maxus Energy Corporation and four of its subsidiaries
filed
voluntary petitions for reorganization under Chapter 11
(Bankr. D. Del., Case No. 16-11501) on June 17, 2016.  The
Debtors intend to use the breathing spell afforded by the
Bankruptcy Code to decide whether their existing environmental
remediation operations and oil and gas operations can be
restructured as a sustainable, stand-alone enterprise.



The Debtors have engaged Young Conaway Stargatt & Taylor, LLP as
local counsel, Morrison & Foerster LLP as general
bankruptcy
counsel, Zolfo Cooper, LLC as financial advisor and
Prime Clerk LLC as claims and noticing agent, all are subject to
the Bankruptcy Court's approval.

On July 7, 2016, the United States Trustee for the District of
Delaware filed Notice of Appointment of Committee of Unsecured
Creditors.  The Committee selected Schulte Roth & Zabell LLP as
counsel, and Cole Schotz as Delaware co-counsel.  Berkeley Research
Group, LLC serves as financial advisor for the Committee.


MEG ENERGY: Bank Debt Trades at 9% Off
--------------------------------------
Participations in a syndicated loan under MEG Energy Corp is a
borrower traded in the secondary market at 91.46
cents-on-the-dollar during the week ended Friday, July 29, 2016,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents a decrease of 0.60 percentage points from the
previous week.  MEG Energy pays 275 basis points above LIBOR to
borrow under the $1.287 billion facility. The bank loan matures on
March 16, 2020 and carries Moody's 'B3' rating and Standard &
Poor's 'BB+' 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.


MENORAH CONGREGATION: Feldman, Loos Have $42,500 Secured Claims
---------------------------------------------------------------
Judge Robert D. Drain of the United States Bankruptcy Court for the
Southern District of New York held that the aggregate secured claim
of the creditors, Ezra Feldman and Vladimir Loos, as of the
confirmation date of Menorah Congregation and Religious Center's
Amended Plan of Reorganization is $42,587.31 ($1,829,977.50 minus
$1,785,325.69 minus $12,087).

Menorah sought an order (a) determining the extent of the judicial
liens held by the creditors on Menorah's real property located at
425 Old Falls Road, Woodbridge, New York 12789 (specifically,
Menorah contends that most of the bungalows on the real property
are personalty and, therefore, not subject to the creditors'
judicial liens), and (b) fixing the allowed amount of the
creditors' secured claims in the case after taking into account the
real property's value, the allowed amount of claims secured by a
senior lien on the real property, and costs chargeable against the
creditors' interests in the real property.

The bankruptcy case is In re: Menorah Congregation and Religious
Center d/b/a Camp Menorah, Chapter 11, Debtor, Case No. 13-23976
(RDD) (Bankr. S.D.N.Y.).

The adversary proceeding is Menorah Congregation and Religious
Center d/b/a Camp Menorah, Plaintiff, v. Ezra Feldman and Vladimir
Loos, Defendants, Adv. Pro. No. 15-08217 (RDD) (Bankr. S.D.N.Y.).

A full-text copy of Judge Drain's August 5, 2016 memorandum is
available at https://is.gd/W7QjhP from Leagle.com.

Menorah Congregation and Religious Center d/b/a Camp Menorah si
represented by:

          Leo Fox, Esq.
          630 Third Avenue, 18th Floor
          New York, NY 10017
          Tel: (212) 867-9595
          Fax: (212) 949-1847
          Email: leofox1947@aol.com


Ezra Feldman is represented by:

          David Alexander Maho, Esq.
          Woodridge, NY 12789
          Tel: (845)434-1516
          Fax: (845)434-2524


METROTEK ELECTRICAL: Case Summary & 20 Top Unsecured Creditors
--------------------------------------------------------------
Debtor: Metrotek Electrical Services Company
        96 State Route 173, Suite 1A
        Hampton, NJ 08827

Case No.: 16-25628

Chapter 11 Petition Date: August 15, 2016

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

Judge: Hon. Christine M. Gravelle

Debtor's Counsel: Allen I Gorski, Esq.
                  GORSKI & KNOWLTON PC
                  311 Whitehorse Avenue, Suite A
                  Hamilton, NJ 08610
                  Tel: 609-964-4000
                  Fax: 609-585-2553
                  E-mail: agorski@gorskiknowlton.com

Total Assets: $641,184

Total Liabilities: $2.56 million

The petition was signed by Reiner Jaeckle, chief operating
officer.

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/njb16-25628.pdf


MILLENIUM SUPER STOP II: Proposes Cash Use Until November
---------------------------------------------------------
Millennium Super Stop II, LLC, submitted to the U.S. Bankruptcy
Court its proposed Interim Order and proposed Budget on the Joint
Motion that it filed with Central Bank of Kansas City, concerning
the use of cash collateral.

The proposed Interim Order authorizes the Debtor to use the cash
collateral of Central Bank of Kansas City.  It grants Central Bank
of Kansas City replacement liens in the collateral and its
proceeds.

The proposed Interim Order directs the Debtor to make an adequate
protection payment to the Bank of Kansas City, in the amount of
$4,000, one day after entry of the Interim Order.

The proposed Budget covers the months of September 2016 through
November 2016.  The Budget provides for, among others, mortgage
payments in the amount of $18,670 for each of the months of
September 2016 and October 2016, and $13,780 for November 2016.

A full-text copy of the proposed Interim Order, dated Aug. 12,
2016, is available at https://is.gd/6rFbG0

A full-text copy of the proposed Budget, dated Aug. 12, 2016, is
available at https://is.gd/lOSTnY

                About Millennium Super Stop II

Millennium Super Stop II, LLC, based in Kansas City, MO, filed a
Chapter 11 petition (Bankr. W.D. Mo. Case No. 16-41972) on July 26,
2016.  The Hon. Dennis R. Dow presides over the case.  Nancy S.
Jochens, Esq., at Jochens Law Office, serves as bankruptcy
counsel.

In its petition, the Debtor listed $3.01 million in assets and
$1.90 million in liabilities.  The petition was signed by Ray A.
Perrin, member/manager.



MOBILESMITH INC: Negative Cash Flows Raise Going Concern Doubt
--------------------------------------------------------------
MobileSmith, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $1.99 million on $498,323 of total revenue for the three months
ended June 30, 2016, compared to a net loss of $1.88 million on
$407,545 of total revenue for the same period in 2015.

As of June 30, 2016, MobileSmith Inc. had $1.66 million in total
assets, $44.60 million in total liabilities and a total
stockholders' deficit of $42.95 million.

During the six months ended June 30, 2016 and 2015, the Company
incurred net losses as well as negative cash flows from operations.
These factors raise substantial doubt about the Company's ability
to continue as a going concern.

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

                      https://is.gd/4AAJj9

                     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 March 31, 2016, MobileSmith Inc. had $1.41 million in total
assets, $42.47 million in total liabilities and a total
stockholders' deficit of $41.05 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.



MODULAR SPACE: S&P Lowers CCR to 'CCC' & Revises Watch to Negative
------------------------------------------------------------------
S&P Global Ratings said that it lowered its corporate credit and
senior secured debt ratings on modular space provider Modular Space
Corp. to 'CCC' from 'B-'.  At the same time, S&P revised the
CreditWatch status of the ratings to negative from developing.

The downgrade is based on the uncertainty that Modular Space Corp.
will be able to refinance its asset-based credit facility that
matured in June 2016.  The facility had been extended while the
company was engaged in discussions with Algeco Scotsman Global
S.a.r.l. for the companies to combine their North American modular
space operations.  However, those discussions were terminated on
Aug. 15, 2016.  S&P believes Modular Space is likely to default if
it is not able to refinance this facility, as the company does not
have enough sources of liquidity to repay this facility;
$575 million was outstanding as of Sept. 30, 2015, the last
reported information.

S&P will resolve the CreditWatch placement when there is greater
clarity as to the company's efforts to refinance its credit
facility.  S&P could affirm ratings if the company is able to do
so.  S&P would lower ratings further if it come to believe that the
company will be unable to refinance the facility and is likely to
default.


MOXIAN INC: Cash Flow Problems Raises Substantial Doubt
-------------------------------------------------------
Moxian, Inc., filed with the Securities and Exchange
Commission its Form 10-Q report for the quarterly period ended June
30, 2016.

Moxian posted $3.85 million net loss on $5,703 of revenues for the
three months ended June 30, 2016, as compared to a net loss of
$1.92 million on $18,187 of revenues reported for the same period a
year ago.

For the nine months ended June 30, 2016, the Company listed a net
loss of $9.38 million on $18,645 of revenues, compared to a net
loss of $4.06 million on $86,353 of revenues for the same period in
the prior year.

Moxian had total assets of $8.25 million, total liabilities of
$3.80 million and stockholders' equity of $4.45 million at June 30,
2016.

As of June 30, 2016, the Company's current liabilities exceeded the
current assets by approximately $3.1 million and its accumulated
deficits were approximately $20.6 million and the Company has
incurred losses since inception, which raise substantial doubt
about the ability to continue as a going concern. To maintain
working capital sufficient to support the Company's operation and
finance the future growth of its business, the Company has
comprehensively considered the available sources of funds.

The Company does not currently have sufficient cash or commitments
for financing to sustain its operations for the next twelve months.
The Company plans to increase the cash flows from an initial public
offering ("IPO") and or other private placements. If the Company's
IPO and private placements do not reach the level anticipated in
its plan, and the Company is not able to obtain the necessary
additional capital on a timely basis, on acceptable terms, or at
all, the Company may be unable to implement its current plans for
expansion, repay our debt obligations or respond to competitive
pressures, any of which would have a material adverse effect on its
business, prospects, financial condition and results of operations.


A copy of the Company's Form 10-Q report is available at:

                    https://is.gd/GwT1EY

Guangdong, China-based Moxian, Inc., is in the O2O
(Online-to-Offline) business.  O2O means providing an online
platform for small and medium sized enterprises (SMEs) with
physical stores to conduct business online, interact with existing
customers and obtain new customers.



N.E. DESIGNS: Hires Creim Macias Koeng & Frey as Counsel
--------------------------------------------------------
N.E. Designs, Inc., seeks authorization from the U.S. Bankruptcy
Court for the Central District of California to employ Creim Macias
Koeng & Frey, LLP as counsel.

The Debtor requires Creim Macias to:

    a. advise the Debtor with regard to the requirements of the
Bankruptcy Court, Bankruptcy Code, FRBP, LBR and the office of the
United States Trustee as they pertain to the Debtor;

    b. advise the Debtor with regard to certain rights and remedies
of its bankruptcy estate and the rights, claims and interest of
creditors;

    c. assist the Debtor with the negotiation, documentation and
any necessary Court approval of transactions disposing of property
of the estate;

    d. represent the Debtor in any proceeding or hearing in the
Bankruptcy court involving the estate unless the Debtor is
represented in such proceeding or hearing by other special
counsel;

    e. conduct examination of witness, claimants or adverse parties
and represent the Debtor in any advisory proceeding except to the
extent that any such adversary proceeding is in an area outside of
CMKF's expertise or which is beyond CMKF's staffing capabilities;

    f. prepare and assist the Debtor in the preparation or reports,
applications, pleadings and orders including, but not limited to,
applications to employ professionals, interim statements and
operating reports, initial filing requirements, schedules and
statement of financial affairs, financing pleadings and pleadings
with respect to the Debtor's use, sale or lease of property outside
the ordinary course of business;

    g. assist the Debtor in the negotiation, formulation,
preparation and confirmation of a plan of
reorganization/liquidation and the preparation and approval of a
disclosure statement in respect of the plan; and

    h. perform any other services which may be appropriate in
CMKF's representation of the Debtor during the Debtor's bankruptcy
case.

CMKF will be paid at these hourly rates:

      Sandford L. Frey                  $595
      Stuart I. Koenig                 $595
      Marta C. Wade                     $350
      Kelli Nielsen                     $175

CMKF will receive a post-petition retainer of $35,000

Sandford L. Frey, partner of the law firm CMKF, assured the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtor and its estates.

CMKF may be reached at:

       Sandford L. Frey, Esq.
       Stuart I. Koenig, Esq.
       Creim Macias Koeng & Frey, LLP
       633 West Fifth Street, 48th Floor
       Los Angeles, CA 90071
       Tel: (213)614-1944
       Fax: (213)614-1961
       E-mail: sfrey@cmkllp.com
               skoenig@cmkllp.com

                     N.E. Designs, Inc.

N.E. Designs, Inc. filed a Chapter 11 bankruptcy petition (Bankr.
C.D.Cal. Case No. 16-12097) on July 20, 2016. Charles Shamash,
Esq., at Caceres & Shamash LLP as bankruptcy counsel.


NATIONAL CINEMEDIA: Moody's Rates $250MM Sr. Unsecured Notes B2
---------------------------------------------------------------
Moody's Investors Service assigned a B2 rating to National
CineMedia, LLC's (NCM) new $250 million senior unsecured notes
issue.  Since the proceeds will refinance the company's existing
$200 million senior unsecured notes due July 2021, pay call premia
and related fees and expenses, and reduce amounts outstanding under
NCM's $175 million revolving credit facility, the transaction is
credit metric neutral and has no impact on NCM's ratings (see
ratings listing below).  The new notes are rated at the same B2
level as the notes they refinance, and ratings for notes to be
refinanced will be withdrawn in due course (refer to Moody's
policies on ratings withdrawals).  The ratings are contingent upon
Moody's review of final documentation and no material change in
previously advised terms and conditions.

This summarizes Moody's ratings and the rating actions for NCM:

Issuer: National CineMedia, LLC

Assignments:
  Senior Unsecured Regular Bond/Debenture, assigned B2 (LGD6)
  Existing Ratings and Outlook:
  Corporate Family Rating, Ba3
  Probability of Default Rating, Ba3-PD
  Speculative Grade Liquidity Rating, SGL-2
  Senior Secured Bank Credit Facility, Ba2 (LGD3)
  Senior Secured Regular Bond/Debenture, Ba2 (LGD3)
  Senior Unsecured Regular Bond/Debenture, B2 (LGD6)
  Outlook, Stable

                       RATINGS RATIONALE

NCM's Ba3 CFR is based on its generally stable and sustainable cash
flow stream and its generally stable leverage, which is expected to
be approximately 4x on a sustained basis (4.8x at
June 30, 2016).  These positive attributes are offset by the
company's mandate to distribute its free cash flow to its members
and by the potential of results declining over time as a
consequence of secular pressures stressing the financial
performance of its cinema exhibition partners.

NCM has good liquidity based on a sizeable, $175 million, revolving
credit facility that has ample unused capacity of about $100
million (June 30, 2016).  Since the company distributes 100% of its
free cash flow, the credit facility is integral to the company's
liquidity.  Financial covenant compliance is not expected to be
problematic over the four forward quarter SGL horizon and, despite
having no material monetizeable non-core assets, the combination of
the company's liquidity attributes supports an SGL-2 rating.

Rating Outlook

The stable ratings outlook reflects Moody's expectation (together
with management's related commitment) that Debt-to-EBITDA leverage
will decline to approximately 4.0x within 2016/2017.

What Could Change the Rating - Up
The rating could be upgraded to Ba2 if Moody's expected:

  - Debt-to-EBITDA leverage at less than 3.5x on a sustained basis
(4.8x at June 30, 2016).

Given the combination of NCM's mandate to distribute all of its
free cash flow, a ratings upgrade is not anticipated.

What Could Change the Rating - Down

The rating could be downgraded to B1 if Moody's expected:

  - Leverage to remain above 4.5x on a sustained basis (4.8x at
    June 30, 2016,), or
  - Adverse liquidity developments, or debt-financed acquisition,
or shareholder return activity.

The principal methodology used in this rating was Global Broadcast
and Advertising Related Industries published in May 2012.

Corporate Profile

National CineMedia, LLC (NCM) is headquartered in Centennial,
Colorado, and is a privately held joint venture operator of the
largest digital in-theatre network in North America with annual
revenues approaching $450 million.


NATIONAL CINEMEDIA: S&P Rates Proposed $250MM Sr. Unsec. Notes 'B'
------------------------------------------------------------------
S&P Global Ratings assigned its 'B' issue-level rating and '6'
recovery rating to National CineMedia LLC's proposed $250 million
senior unsecured notes due 2026.  The '6' recovery rating indicates
S&P's expectation for modest recovery (0%-10%) of principal in the
event of a payment default.

National CineMedia is a wholly owned subsidiary of Centennial,
Colo.-based in-theater media network operator National CineMedia
Inc.  The company expects to use the net proceeds from the debt
issuance to repay the $200 million 7.875% notes due 2021 and to
reduce the existing balance on its revolver.  As a result, S&P
expects that leverage will remain unchanged at around 4x.

RATINGS LIST

National CineMedia LLC
Corporate Credit Rating        BB-/Stable/--

New Ratings

National CineMedia LLC
Senior Unsecured
  $250 million notes due 2026   B
   Recovery Ratings             6


NEW YORK CRANE: Taps LaMonica Herbst as James Lomma's Counsel
-------------------------------------------------------------
New York Crane & Equipment Corp., et al., filed an amended
application to the U.S. Bankruptcy Court for the Eastern District
of New York to employ LaMonica Herbst & Maniscalco, LLP as special
litigation and conflicts counsel to James F. Lomma.

The Debtor requires LaMonica Herbst to represent James Lomma as his
special litigation and conflicts counsel to deal with inter-company
claims issues, as well as with issues involving any claims or
disputes between Mr. Lomma, any debtor or non-debtor entities he
may own and the other debtors, New York Crane & Equipment Corp.,
J.F. Lomma, Inc. (DE), J.F. Lomma, Inc. (NJ).

Specifically, the retention of LaMonica Herbst is necessary in this
matter to assist Mr. Lomma in connection with:

   (a) the pursuit of claims and litigation as required with
       respect to certain funds to which several parties
       assert an interest; and

   (b) any other matters that arise in which Goldberg Weprin
       Finkel Goldstein LLP has a conflict and Mr. Lomma requests
       LaMonica Herbst to serve as special litigation counsel.

LaMonica Herbst will be paid at these hourly rates:

       Partners               $595
       Associates             $415
       Paraprofessionals      $175

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

Gary F. Herbst, member of LaMonica Herbst, 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.

LaMonica Herbst can be reached at:

     Gary F. Herbst, Esq.
     LaMonica Herbst & Maniscalco, LLP
     3305 Jerusalem Avenue, Suite 201
     Wantagh, NY 11793
     Phone: (516) 826-6500

                       About New York Crane

New York Crane & Equipment Corp., J.F. Lomma, Inc. (De.), J.F.
Lomma, Inc. (N.J.), and James F. Lomma filed Chapter 11 bankruptcy
petitions (Bankr. E.D.N.Y. Case Nos. 16-40043, 16-40044, 16-40045
and 16-40048, respectively.  The petitions were signed by James F.
Lomma as president.  New York Crane & Equipment disclosed total
assets of $9.8 million and total debts of $22.05 million.  Goldberg
Weprin Finkel Goldstein LLP serves as the Debtors' counsel.  Judge
Carla E. Craig presides over the cases.

The corporate Debtors operate crane, trucking and rigging companies
doing business in New York City and other parts of the country.
James Lomma is the president and sole shareholder of the corporate
Debtors.

On January 8, 2016, an Order was entered providing for the joint
administration of these related Chapter 11 cases.

An Official Committee of Unsecured Creditors has been appointed,
and has tapped Togut, Segal & Segal LLP as its counsel.



NOBLE GROUP: Moody's Lowers CFR & Sr. Unsec. Bond Ratings to B2
---------------------------------------------------------------
Moody's Investors Service has downgraded Noble Group Limited's
corporate family rating and senior unsecured bond ratings to B2
from Ba3, and the provisional rating on its senior unsecured
medium-term note (MTN) program to (P)B2 from (P)Ba3.

The rating outlook is negative.

                         RATINGS RATIONALE

"The downgrade follows Noble's weaker than expected profitability
and cash flow in 2Q 2016, which necessitated a waiver under a
financial covenant in its recently concluded credit facilities,"
says Joe Morrison, a Moody's Vice President and Senior Credit
Officer.

"Given the company's limited ability to generate positive operating
cash flow and the large debt maturities in 2Q 2017, the company's
liquidity could come under further pressure over the next 12
months, despite the $500 million in proceeds from its equity rights
offering," adds Morrison.

On August 11, Noble announced its 2Q 2016 results that indicated
that the commodity sector environment continues to pressure the
company's operations.  Reported revenue and operating income from
supply chains for 2Q 2016 were $12.5 billion and $177 million,
respectively, down 32% and 46% year-on-year.  Its reported
operating margin for 2Q 2016 also slipped to 1.42% from 2.19% in 1Q
2016 and 1.79% in 2Q 2015.

In addition, reported funds from operations (before interest
expenses) were only $48 million, insufficient to cover its cash
interest expenses of $51 million.  Cash flow from operating
activities (CFO) for 2Q and 1H 2016 was negative $84 million and
negative $570 million, respectively.

The company's liquidity headroom decreased to about $800 million at
end-June 2016 from $1.9 billion at end-March 2016 because of the
expiry of credit facilities, while short-term debt grew to $2.3
billion from $1.6 billion.

Given the persistently unfavorable operating environment, negative
CFO, and the ongoing discussions related to trade facilities with
banks, Moody's expects Noble's profitability and cash flow to
remain under pressure over the next 12 months, which could further
weaken liquidity and hinder its ability to maintain compliance with
financial covenants in its credit agreements.

This concern is partly mitigated by the $500 million in proceeds
from an equity rights issue and efforts it is making to reduce
working capital utilization and sell assets.  Noble also said that
the sale of Noble Americas Energy Solutions (NAES) is on track to
close by the end of the year; however, the timing and the scale of
the sale remain uncertain.

Noble's adjusted net debt/EBITDA for the 12 months to June 2016
rose to about 5.6x from 4.0x in 2015.

The senior unsecured ratings are not notched down for legal
subordination.  Although secured debt increased to about $621
million or about 12% of total debt at end-June 2016, Moody's views
that additional borrowings under the $2 billion borrowing base
facility are likely to be limited, because a large portion of that
facility is used to support letters of credit.

The B2 corporate family rating reflects Noble's large scale and
product and geographic diversity, tempered by the significant
pressures the company is facing in its operating environment and
the volatility of the commodity markets in which it operates.

The negative outlook reflects the company's weak liquidity and
uncertainty regarding its ability to rebuild and reposition its
operations to improve profitability and cash flow under the
prolonged commodity downcycle.

The rating outlook could return to stable, if (1) profitability
improves and the company is able to consistently generate positive
free cash flow and maintain cash balances at levels more than
sufficient to cover short-term debt; and (2) adjusted net debt to
EBITDA trends toward 5.0x.

However, Noble's ratings are likely to be downgraded further if CFO
remains consistently negative and liquidity deteriorates further
absent planned asset sales, or if adjusted net debt/EBITDA remains
in excess of 5.0x-6.0x.

The principal methodology used in these ratings was Trading
Companies published in June 2016.

Noble Group Limited is the largest global physical commodities
supply chain manager in Asia by revenue.  Its diversified
activities across the supply chain include the sourcing, storage,
processing, transportation, and distribution of over 20 commodity
products.

Founder and Chairman, Mr. Richard Elman, holds an approximate 19%
stake in the company.  China Investment Corporation — the Chinese
sovereign wealth fund — owns about 10% of the company.


NOVELIS CORP: Moody's Assigns B2 Rating on $525MM Notes
-------------------------------------------------------
Moody's Investors Service assigned a B2 rating to Novelis
Corporation's $525 million senior unsecured guaranteed notes.  The
notes will have a downstream guarantee from Novelis Corporation's
parent, Novelis Inc. and will also be guaranteed by all of Novelis'
existing and future restricted subsidiaries in the US and Canada
and by certain of its foreign restricted subsidiaries.  All other
ratings, including the B1 corporate family rating (CFR), B1-PD
probability of default rating, Ba2 rating on the senior secured
credit facility, B2 rating on existing unsecured notes, and SGL-2
speculative grade liquidity rating remain unchanged.  The outlook
is stable.

The proceeds from the issuance will be used to tender for a portion
of Novelis' existing $1.1 billion 8.375% senior unsecured notes
that are due on 12/15/2017

Assignments:

Issuer: Novelis Corporation
  Senior Unsecured Regular Bond/Debenture, Assigned B2 (LGD5)

Outlook Actions:
  Outlook, Stable

                        RATINGS RATIONALE

The B1 Corporate Family Rating 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.  The CFR also reflects the
expectation for a growing percentage of earnings to come from more
value added products.

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 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.  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.

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.  Given the guarantee
structure on the senior unsecured notes being issued by Novelis
Corporation, these notes rank pari passu with the senior unsecured
notes issued by Novelis The B2 rating of the senior unsecured notes
at both Novelis Corporation and Novelis reflects their effective
subordination to the significant amount of secured debt under the
term loan and ABL revolver (unrated).

The SGL-2 Speculative Grade Liquidity Rating reflects our
expectations that Novelis will maintain good liquidity over the
next four quarters.  Novelis' liquidity is supported by its
$457million cash position at June 30, 2016 and a $1.2 billion
asset-based revolving credit facility (ABL) that expires in October
2019.  The ABL is secured by accounts receivables and inventory.
At June 30, 2016, approximately $431 million was drawn under the
ABL while $11 million was utilized for letters of credit;
availability was $240 million.  In addition, the company has
revolving credit facilities in Korea to support its operations in
that country as well as facilities at Novelis Middle East and
Africa and Novelis China.  Novelis has $1.1 billion in notes
maturing in December 2017.  Proceeds from the recent senior
unsecured note issuance launched by Novelis Corporation, guaranteed
by Novelis and other restricted subsidiaries of Novelis, will be
used to tender for a portion of these notes.

An upgrade is unlikely at this time due to the company's more
leveraged profile following the balance sheet recapitalization in
its calendar 2014 year 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, 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 this rating 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.


NOVELIS INC: S&P Affirms 'B+' CCR & Rates $525MM Notes 'B'
----------------------------------------------------------
S&P Global Ratings said it affirmed its 'B+' long-term corporate
credit rating on global rolled aluminum producer Novelis Inc.  The
outlook is stable.

At the same time, S&P Global Ratings assigned its 'B' issue-level
rating and '5' recovery rating to Novelis Corp.'s proposed
US$525 million of senior unsecured notes.  A '5' recovery rating
corresponds with modest (10%-30%; at the lower end of the range)
recovery in S&P's simulated default scenario.  The new notes will
rank pari passu with the company's existing senior unsecured notes,
including Novelis' unsecured notes due in 2020.

S&P Global Ratings also affirmed its 'BB' issue-level rating on
Novelis' senior secured term loan.  The '1' recovery rating is
unchanged and corresponds with very high (90%-100%) recovery in our
default scenario.  S&P Global Ratings also affirmed its 'B'
issue-level rating, with a '5' recovery rating on the company's
senior unsecured notes outstanding.  "The affirmation follows the
company's announced plan to issue US$525 million of senior
unsecured notes maturing in 2024 to repay debt outstanding," said
S&P Global Ratings credit analyst Jarrett Bilous.

"We expect proceeds from the issuance to be used to repay an equal
amount (before modest call premiums) of Novelis' US$1.1 billion
senior unsecured notes due December 2017, with no incremental
impact on leverage.  The new notes will be issued by wholly owned
U.S. subsidiary, Novelis Corp., for tax reasons but will have the
same joint and several subsidiary guarantors as the existing 2017
and 2020 notes issued by parent Novelis Inc.  As such, we consider
the proposed new notes to rank pari passu with the existing notes.
We believe that any remaining notes due 2017 will be repaid well in
advance of maturity with new, equally ranking senior unsecured
debt," S&P noted.

The 'B+' long-term corporate rating on Novelis Inc. reflects S&P's
view of the company's satisfactory business risk profile and highly
leveraged financial risk profile.  S&P also considers Novelis a
moderately strategic subsidiary of its parent, Hindalco Industries
Ltd. (not rated), but this assessment does not affect the rating.

Novelis' satisfactory business risk assessment, in S&P's view,
primarily reflects the company's leading market position in global
rolled aluminum products, geographically diversified operations,
and stable profitability.  Novelis is the world's largest producer
of rolled aluminum products with an established position in the
growing auto market.

The stable outlook primarily reflects S&P's view that Novelis' core
credit measures will improve over the next two years.  S&P expects
the company to generate earnings and cash flow growth over this
period, with a corresponding reduction in growth-related capital
expenditures that result in free cash flow and debt repayment.  S&P
estimates adjusted debt-to-EBITDA in the 6x area in the next two
years, with interest coverage of over 2x.

S&P could lower the rating if Novelis generates EBITDA interest
coverage below 2x or adjusted debt-to-EBITDA that remains near 8x
over the next 12-18 months.  In this scenario, S&P would assume
slower-than-expected growth in earnings and cash flow from subdued
shipment levels, or operating cost pressure that strains free cash
flow generation and limits improvement in net debt.  S&P could also
lower its ratings if refinancing risk increases or if Novelis'
group credit profile weakens.

S&P considers a positive rating action unlikely over the next year
because it believes the company will maintain a highly leveraged
financial risk profile, and do not expect a significant improvement
in its group credit profile.  However, an upgrade could result from
Novelis generating adjusted debt-to-EBITDA of about 5x in tandem
with a corresponding improvement in the group credit profile.


NRG YIELD: S&P Lowers CCR to 'BB', Outlook Stable
-------------------------------------------------
S&P Global Ratings said that it lowered its corporate credit rating
on NRG Yield Inc. to 'BB' from 'BB+'.  The outlook is stable.

"At the same time, we lowered the rating on the $500 million senior
unsecured notes due 2024 at subsidiary NRG Yield Operating LLC, to
'BB' from 'BB+'.  The recovery rating on these notes remains '3',
indicating our expectation for meaningful recovery (50% to 70%, at
the higher end of the range) in the event of default.  We have also
assigned our 'BB' ratings, and '3' (50%-70%; higher end of the
range) recovery rating to NRG Yield Operating LLC's proposed $350
million unsecured notes due 2026.  We have not rated $345 million
and $288 million of convertible debt due 2019 and 2024,
respectively," S&P noted.

"The rating change largely stems from a revision in the wind
resource forecast across NYLD's wind assets.  Because of that we
have revised our FFO to debt and debt to EBITDA estimates to
15.5%-16% and 4.8-5x from 19.5% and 4.2x, respectively, through
2018," said S&P Global Ratings credit analyst Aneesh Prabhu.

The revision was based on the impact of additional historical
operating data as well as updates from third party long-term views
of wind resource at specific sites within NYLD's portfolio.  The
slowdown in expected cash flow growth also contributes to S&P's
decision, as it lowers projected financial measures in the outer
years.  S&P's financial measures are based on its revised project
developer rating criteria released March 21, 2016.

The stable outlook on NYLD reflects S&P's expectation of a long
weighted average cash flow contracted profile, and modest
volatility in cash flows from resource risk.  S&P expects
normalized FFO to debt levels and debt to EBITDA of about 14%-18%
and 4.75-5x, respectively.

"We assess the SACP of NYLD and subsidiary NRG Yield Operating LLC
as 'bb'.  We allow a separation between the ratings of NYLD and its
parent company, NRG Energy Inc., based on existing separation
provisions, though we still view the ratings as linked due to
control and business relations, especially relating to growth
prospects.  We could lower our ratings on NYLD if ratings of parent
NRG Energy were to decline.  We could also lower the rating if
NYLD's SACP deteriorated.  The company's performance did not meet
expectations in 2015 because of lower wind resources in California
and an outage at a combined-cycle gas turbine unit.  We viewed
these as one-time events, and expect FFO levels to recover. Should
cash flow continue to lag, however, we would consider a negative
outlook if FFO to debt fell below 13%-14% and debt to EBITDA was
consistently above 5x," S&P said.

In the absence of a track record of disciplined growth, S&P do not
foresee a ratings upgrade in the next few years.  Absent an upgrade
of NRG Energy's group credit profile, S&P also wouldn't envision
upgrading NYLD because of the link between the two companies.


PACIFIC SUNWEAR: Taps Deloitte to Prepare US Tax Return
-------------------------------------------------------
Pacific Sunwear of California, Inc., Miraloma Borrower Corporation,
and Pacific Sunwear Stores Corp., filed a second supplemental
application to the U.S. Bankruptcy Court for the District of
Delaware to employ Deloitte Tax LLP as tax services provider, nunc
pro tunc to August 1, 2016.

Deloitte Tax will provide tax return preparation services as
requested by the Debtors in accordance with the terms and
conditions of the US Tax Return Engagement Letter. Specifically,
the US Tax Return Services will include preparation of the 2015
federal, state, and local income tax returns identified on the US
Tax Return Engagement Letter.

Deloitte Tax agreed to charge the Debtors a fixed fee of $153,000.

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

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

The Bankruptcy Court will hold a hearing on the application on
August 23, 2016, at 10:00 a.m.  Objections were due August 16,
2016

Deloitte Tax can be reached at:

       Scott Ferguson
       DELOITTE TAX LLP
       Suite 2700
       555 W. 5th Street
       Los Angeles, CA 90013
       Tel: (213) 688-0800
       Fax: (213) 688-0100

                     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.


PARSLEY ENERGY: Unsec. Notes Offering No Impact on Moody's B2 CFR
-----------------------------------------------------------------
Moody's Investors Service said that Parsley Energy's proposed
$200 million senior unsecured notes offering does not impact its B2
Corporate Family Rating or its stable outlook.  This $200 million
offering is a tack-on to Parsley's $200 million 6.250% senior
unsecured notes (due 2024) issued May 27, 2016.

The company will use the senior note proceeds, along with a
concurrent equity offering that is expected to raise at least $200
million, to fund the acquisition of certain oil and gas interests
in Glasscock County, Texas for a total purchase price of $400
million.

The LGD point estimate changed to LGD-4 from LGD-5 following this
offering.

                         RATINGS RATIONALE

The proposed notes rank pari passu with the existing unsecured
notes and so have the same B3 rating as its existing $200 million
senior unsecured notes due 2024 and $550 million unsecured notes
due 2022.  Parsley's notes are rated one notch below the B2 CFR
because of the significant size of its secured credit facility,
according to Moody's Loss Given Default Methodology.  The borrowing
base on the revolver is $525 million.

Parsley's B2 CFR reflects the company's strong execution on its
growth capital spending, rising EBITDA despite the fall in
commodity prices, and improving credit metrics which have been
helped by equity issuances.  The B2 rating also reflects its
relatively modest scale and concentrated geographic presence.  The
rating incorporates the impact of the low crude oil price
environment, which is mitigated somewhat by Parsley's hedges for
2016 and 2017.  The CFR is supported by quality acreage in the
Permian Basin, liquids-rich production that generates good cash
margins, multiple year drilling inventory, and a high degree (99%)
of operational control over its leasehold acreage, which allows for
flexible capital allocation and development of its acreage in light
of crude price volatility.

Parsley should have adequate liquidity.  Even in a continued low
price environment, the company's liquidity should be sufficient to
cover its capex through mid-2017.  Parsley has guided to 2016 capex
budget of $410-$460 million, but has increased its budget to
$460-$510 million to fund the increased production levels in 2016.

Parsley's stable rating outlook reflects Moody's expectation that
production will be sustained at or above 30,000 boe/d in 2016 and
cash flow metrics will remain strong.  The rating could be upgraded
if the company's annual average daily production were to reach
40,000 boe/d, retained cash flow to debt is likely to remain above
20%, and the company approaches cash flow neutrality after
considering capital expenditures.  The rating could be downgraded
if retained cash flow to debt falls below 10%, EBITDA to Interest
Expense falls below 2.5x, or liquidity worsens.

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

Parsley Energy, LLC is an oil and gas exploration and production
(E&P) company with all of its properties located in the Midland and
Delaware Basins in west Texas.


PAUL F. WALLACE: Unsecured Creditors to Recover 100%
----------------------------------------------------
Debtors A&T Holding Corp., Ben Franklin Services Corp., Martindale
Corporation, and MOA-Cody, L.L.C. and the Chapter 11 Operating
Trustee of the estate of the late Paul F. Wallace submitted this
disclosure statement in connection with the joint chapter 11 plan
proposed by the Debtors and the Trustee dated as of July 29, 2016.
The Plan is an aggregation of five separate plans, which provide:

   -- Holders of unsecured claims totaling $4.8 million against
Wallace are slated to receive an initial distribution of at least
50% of their allowed claims and, from time to time after the
Effective Date, receive periodic ratable distributions in an
aggregate amount of up to 100% of their allowed claims.  The
projected recovery is 70% to 75%.

   -- Holders of unsecured claims totaling $1,000 against A&T;
unsecured claims totaling $10,500 against BFSC; unsecured claims
totaling $380,000 against Martindale; and holders of unsecured
claims totaling $12,500 against MOA will receive a distribution
from available cash equal 100% of their allowed claims, without
interest, on the Effective Date.

The Plan contemplates the continued orderly liquidation of the
Debtors' assets, the monetization of the Debtors' remaining assets,
and the distribution of funds maintained in the Estate Accounts to
holders of Allowed Claims against each of the Debtors' Estates in
accordance with the terms of the Plan.  Each of the Entity Debtors
will be dissolved upon liquidation of their respective assets and
payment of their respective Creditors in accordance with the Plan.


Mr. Wallace died on Dec. 31, 2013, and thereafter the Trustee was
appointed to continue the administration of the Wallace Chapter 11
Case.  Upon payment in full of Creditors of the Wallace Chapter 11
Estate in accordance with the Plan, any remaining assets of the
Wallace Chapter 11 Estate shall be distributed to the Wallace
Probate Estate.

The Plan provides for distribution to Creditors of funds currently
held in Estate Accounts.  Currently, the Trustee is holding for the
benefit of the respective Debtors these funds on deposit:

                        Available Cash
                        --------------
     A&T          approximately $1.9 million
     Martindale   approximately $1.18 million
     MOA Cody     approximately $950,000
     Wallace      approximately $2.2 million

MOA Hospitality, Inc. does not currently have any funds available
and, accordingly, this Plan does not address the MOAH estate.

The Bankruptcy Court has scheduled a hearing to consider approval
and confirmation of the Plan for October 4, 2016, at 10:00 a.m.
(prevailing Eastern time) before the Honorable Robert D. Drain,
United States Bankruptcy Judge, at the United States Bankruptcy
Court for the Southern District of New York, 300 Quarropas Street,
White Plains, New York.

Attorneys for Marianne T. O'Toole, the Ch. 11 Trustee for Paul F.
Wallace:

         LaMONICA HERBST & MANISCALCO, LLP
         3305 Jerusalem Avenue, Suite 201
         Wantagh, NY 11793
         Attn: Salvatore LaMonica
         Fax: (516) 826-0222
         E-mail: sl@lhmlawfirm.com

The Debtors' counsel:

         DICONZA TRAURIG KADISH LLP
         630 Third Avenue, 7th Floor
         New York, NY 10017
         Attn: Gerard DiConza
               Lance A. Schildkraut
         Fax: (212) 682-4942
         E-mail: gdiconza@dtklawgroup.com
                 las@dtklawgroup.com

A copy of the Disclosure Statement is available for free at:

         http://bankrupt.com/misc/P_Wallace_441_DS.pdf

               About Paul Wallace and His Companies

Paul F. Wallace was an executive and investor in several real
estate related projects, including motels and hotels. Wallace was
the sole shareholder of co-Debtors, Ben Franklin Services Corp.
("BFSC"), and Martindale Corporation ("Martindale").  BFSC is the
sole member of MOA-Cody, L.L.C.. Martindale is the sole shareholder
of A&T Holding Corp. and owns over 80% of the stock in The
Broadstone Group, Inc. ("Broadstone"), a non-debtor entity. Wallace
was the President of Broadstone, which indirectly owns
approximately 90% of MOA Hospitality, Inc. ("MOAH").  Wallace was
the Chairman and Chief Executive Officer of MOAH.

A&T held a 20% membership Interest in non-debtor Arizona & 20th
LLC, which owns the 77-room boutique hotel The Ambrose Hotel
located in Santa Monica, California.  Martindale owns 1% of RS
Hospitality, LLC, which holds a nominal title to luxury hotel The
Cody Hotel located at 232 West Yellowstone Avenue, Cody, Wyoming.
As of October 2009, the Debtors held beneficial ownership interests
in four additional hotel properties, including, (1) the Super 8
Motel located at 750 South Highway 89, Jackson, Wyoming; (2) the
Super 8 Motel located at 730 Yellowstone Road, Cody, Wyoming; (2)
the Super 8 Motel located at 505 W. Appleway, Coeur d'Alene, Idaho;
and (3) the Super 8 located at 4800 Preston Highway, Louisville,
Kentucky.

Paul F. Wallace, A&T Holding, BFSC, Martindale, MOA-Cody and MOAH
sought Chapter 11 protection (Bankr. S.D.N.Y. Lead Case No.
10-22998) on May 20, 2010.

A&T estimated $1,000,001 to $10,000,000 in assets and $100,001 to
$500,000 in debt.

Wallace died on Dec. 31, 2013. Thereafter, the Court determined
that it would be in the best interests of the Wallace Chapter 11
Estate to appoint a Chapter 11 Trustee.  By Order dated Feb. 14,
2014, Marianne T. O'Toole was appointed the Chapter 11 Trustee of
the Wallace Chapter 11 Estate.


PHOENIX LIFE: S&P Raises Counterparty Credit Ratings to 'BB-'
-------------------------------------------------------------
S&P Global Ratings said that it raised its long-term counterparty
credit and financial strength ratings on The Phoenix Cos. Inc.'s
operating subsidiaries Phoenix Life Insurance Co. and PHL Variable
Insurance Co. (all core entities to the Nassau Reinsurance Group)
to 'BB-' from 'B+'.  At the same time, S&P affirmed its 'B-' issuer
credit rating on the nonoperating holding company The Phoenix Cos.
Inc.  The outlook is positive.

"The upgrade of The Phoenix Cos.' core operating subsidiaries
reflects our view of the company's continued improvement and
progression of its enterprise risk management (ERM) framework and
improvements to its risk-based capital metrics as a result of the
infusions made upon merging with Nassau Re," said S&P Global
Ratings credit analyst Anthony Beato.  S&P now assess the group's
consolidated ERM capabilities as adequate, a revision from S&P's
prior view of weak.  This is predicated on Phoenix and Nassau Re's
significant effort to better understand the organization's risk
profile while building an infrastructure of controls and governance
to prohibit future material weaknesses and breakdowns.
Historically, the lack of risk controls and governance across the
enterprise caused a long-dated financial restatement and
significant strain on the holding company's liquidity.  S&P
believes the new management team and the many strategic initiatives
underway will focus the enterprise on better mitigating its diverse
set of risks.  The company also understands that its success will
depend on the continued strength and development of its risk
management program, especially as Nassau Re begins to undertake
complicated liability risks such as long-term care with relatively
small experience in the segment.

S&P assess Phoenix's group status to Nassau Re as core, as this is
Nassau Re's largest acquisition, and Phoenix is the flagship entity
of the new enterprise.  Through its acquisition, Nassau injected
approximately $180 million into Phoenix and its reinsurance
affiliate Cayman Re's operations as of second-quarter 2016. $100
million is earmarked by order of the New York and Connecticut
regulatory bodies for capital support and infusion into Phoenix's
operations from its nonoperating holding company. This will happen
if Phoenix does not meet minimum risk-based capital ratios and
other items set forth in the order between the regulatory bodies
and Nassau Re.  This infusion continues to improve the overall
representativeness of S&P's modeling and the outcome of its
consolidated capitalization analysis as Phoenix closes in on the
'BBB' ratings threshold in our risk-based capital model.

The positive outlook reflects S&P's expectation that Phoenix will
continue to improve its financial risk profile through accretive
earnings affecting the risk-based capitalization of its operating
subsidiaries and in turn its financial flexibility metrics.  S&P
expects Phoenix to continue to execute on higher-margin sales cross
the enterprise, focused on individual life and fixed-indexed
annuities, albeit at a slower pace due to the level of capital
consumption associated with these products.  S&P expects Phoenix
through the additional levels of capitalization to maintain
risk-based capital ratios in excess of 300% as a consolidated
enterprise and ample holding company liquidity to meet immediate
needs.

S&P could affirm the current ratings on Phoenix if it cannot make
continued progress toward profitability, and if it maintains
heightened levels of expense within its operations.  This would be
exhibited by continued operating losses on GAAP and statutory bases
that would immediately affect capital accretion and not showcase
continued progress toward the 'BBB' ratings level as measured by
S&P's risk-based capital model.  S&P could also affirm the current
ratings if the organization were to become aggressive from a
capital-management perspective and begin to take outsize dividends
from its operations or increase the risk tolerances associated with
its investment portfolio.  S&P could also affirm the current
ratings if Phoenix's financial leverage and fixed-charge coverage
deteriorate to beyond 70% and (1.0)x, respectively.

"We could raise our ratings on Phoenix if the company were to
increase its operating performance as measured on both GAAP and
statutory bases.  This would be evidenced by profitable growth in
its GAAP metrics and statutory adjusted EBIT figures on a
consolidated basis in excess of $75 million annually.  However, our
potential upgrade would not be predicated solely on the absolute
level of operating earnings growth, but also on the level of
retained earnings that affect its capitalization ratios, which
would need to exceed the 'BBB' ratings level as measured by our
risk-based capital model.  De-leveraging efforts and improvements
in fixed-charge coverage metrics that better align with Phoenix's
peer group -- while remaining above 0.5x -- would also factor into
a potential upgrade," S&P said.


PICO HOLDINGS: Bloggers Denounce Retention of Synthonics Stake
--------------------------------------------------------------
PICO Holdings, Inc. (Nasdaq:PICO), based in La Jolla, Calif., is a
diversified holding company reporting recurring losses since 2008.
PICO owns 57% of UCP, Inc. (NYSE:UCP), 100% of Vidler Water
Company, Inc., a securities portfolio and various interests in
small businesses. PICO has $662 million in assets and $426 million
in shareholder equity. Central Square Management LLC and River Road
Asset Management LLC collectively own more than 14% of PICO. Other
activists at http://ReformPICONow.com/have taken to the Internet
to advance the shareholder cause.

The bloggers relate that on the Second Quarter earnings call,
Chairman Raymond Marino stated that PICO would retain its $2.2
million position in Synthonics Series D Preferred. The bloggers are
critical of this decision.

"At RPN, we don't bet on losers. We only get involved with losers
when a replacement is imminent. We disagree with PICO's decision to
stick with the $2.2 million Synthonics Preferred investment. It is
a violation of the principles of value investing.

We believe that Synthonics is run by a loser. Kenneth "The Slug"
Slepicka and Juicer bankrupted Hyperfeed Technologies. Slug has
been a Director of PICO during a period of prolonged and
significant value destruction. Slug has been a stalwart member of a
Board that has received 12 different 13D filings in the last 2
years. Slug is a PICOGate co-conspirator, whereby he and Juicer
failed to disclose to shareowners a conflict of interest for 6
years. PICO shareholders recently threw The Slug off the Board.
Sounds like a loser to us.

To the best of our knowledge, the Synthonics shares have not paid a
dividend since 2010. Which means that Synthonics is using PICO's
balance sheet for free -- a balance sheet which belongs to the
owners of the business, i.e. us.

We ask the PICO Board the most pertinent question: Which Directors
are qualified to evaluate the future commercial success of
Synthonics? According to the website, Synthonics is 'a specialty
pharmaceutical company focused on the discovery, development and
licensing of drugs that incorporate our proprietary metal
coordination chemistry.'

Is Mr. Marino, the California real estate COO, qualified to
evaluate the merits of such a firm? Howie Brownstein, the
restructuring lawyer? John Hart, the guy who brought us Northstar
Hallock and Spigit?

Who on the PICO Board has the necessary qualifications to evaluate
the future commercial success of Synthonics? An investment isn't
rational if it's not understood. And if no Director on the Board
understands the Synthonics investment, and it is being retained,
then we have a Board of speculators. Not businessmen. Not value
investors. Speculators.

Either write the Synthonics stake down to $0, or shop the position
and use the proceeds to buy PICO shares. Cuz the current decision
is an irrational insanity and a betrayal of shareholders.

The Synthonics investment is going to turn out badly. Mark our
words.

Since PICO has not written down the Synthonics investment, we
assume it is worth carrying value of $2.2 million. Right now, $2.2
million could repurchase 216,000 PICO shares."

The bloggers say the PICO Board is betraying shareholders with its
capital allocation. "By retaining the Synthonics stake, the PICO
Board is essentially buying Sythonics and selling PICO. The PICO
Board is buying shares in a speculative biotech run by a proven
loser in lieu of increasing its stake in a portfolio of water
rights and a homebuilder, collectively trading at half of book
value.

This is insanity.

According to Mr. Marino's own words, presented in a letter to
shareholders filed on June 29, 2016, Mr. Hart bought his Synthonics
Preferred at $9 per share in 2006. PICO bought its Synthonics
Preferred in 2010 and 2013 at $7.32 per share.

Based on Mr. Marino's words, the value of Synthonics has declined
19% in 10 years, and never paid a dividend, while the Dow Jones
Industrial Average is up about 69% since 2006. This sounds like a
typical John Hart trade. But PICO shareholders hoped John Hart
trades were a thing of the past. Now the PICO Board is backing into
a John Hart trade.

The bloggers close by reminding readers that shareholder value
creation is nonexistent at PICO. "Abandonment of shareholder value
creation has taken on a new low at PICO: Synthonics is being held
in lieu of buying PICO. Should PICO shareholders do the same? If we
followed the Board's lead, we would sell our PICO shares and get in
on the next round of Synthonics financing.

We get that $2.2 million is small beans relative to a $662 million
balance sheet. But the best companies and the best boards treat
every dollar of capital exactly the same: to be rationally used for
shareholder value creation. Up to now, PICO shareholders have been
given nothing; a token buyback would be nice.

Actions always speak louder than words. Our Board just told us that
it likes Synthonics at $7.32 per share more than it likes PICO at
$10.20 per share."


PIER 1 IMPORTS: S&P Lowers CCR to 'B', Outlook Stable
-----------------------------------------------------
S&P Global Ratings lowered its corporate credit rating on Pier 1
Imports, Inc. 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 term loan facility to 'B' from 'BB-'.  S&P
revised the recovery rating on this debt to '3' from '2',
reflecting its expectation for meaningful (50%-70%, at the lower
end of the range) recovery in the event of default.

"The downgrade follows Pier 1's continued operating
underperformance over the past three quarters, with an especially
pronounced decline in the first quarter of fiscal 2017 ended
May 28, 2016," said credit analyst Olya Naumova.  

The stable outlook reflects S&P's view that Pier 1 will stabilize
its operating performance over the next 12 to 18 months.  S&P
believes the company has optimized its operating costs, sold the
remaining inventory that did not resonate well with the customers,
and is in the process of refreshing its' merchandising strategy to
be more in line with demand trends.

S&P could lower the rating if inventory turns and same-store sales
decline above its projected levels and result in market share loss
and further 200 basis points gross margin erosion, resulting in
leverage above 6.0x range, or negative free operating cash flows.
At that point, S&P would reassess the company's business risk
profile downwards.  S&P could also take a negative rating action if
the company accelerates its debt financed share repurchase
program.

S&P could revise the outlook to stable over the next year if the
company successfully adjusts its merchandising and marketing
strategy, pricing, efficiency of its distribution centers, and
successfully grows top line and operating margins resulting in
stabilization of its market share and leverage decreasing to below
5.0x.  This would require a 300-basis-point gross margin expansion
and 3% increase in same store sales.


PINNACLE OPERATING: S&P Lowers CCR to 'CCC+', Outlook Stable
------------------------------------------------------------
S&P Global Ratings lowered its corporate credit rating on
Colorado-based Pinnacle Operating Corp. to 'CCC+' from 'B-'.  The
outlook is stable.  

S&P also revised its recovery rating on the company's first-lien
debt to '4' from '2' and revised the associated issue-level rating
to 'CCC+' from 'B.'  The '4' recovery rating indicates S&P's
expectation of average (upper half of the 30%-50% range) recovery
in the event of payment default.  At the same time, S&P is lowering
the issue-level rating on the company's second-lien debt to 'CCC-'
from 'CCC.'  The associated recovery rating remains '6,' indicating
S&P's expectation of negligible (0%-10%) recovery in the event of
payment default.

"We believe that Pinnacle Operating Corp.'s operating performance
will be slow to recover from a historically weak 2015, given the
weak operating environment that is affecting the sector in
general," said S&P Global Ratings credit analyst Allison Schroeder.
"Despite improvements from acquisition-related EBITDA, we expect
our adjusted credit metrics to be weaker in 2016 and 2017 than we
previously assumed," she added.  S&P believes that industry risks,
including adverse pricing, have affected the company's ability to
successfully achieve projected leverage metrics.  Additionally, S&P
believes there are risks associated with the company's debt
maturity profile, with the asset-based loan (ABL) coming due in
November 2017.

S&P characterizes Pinnacle's business risk profile as weak, largely
due to geographic concentration risk and smaller scale than key
competitors, which makes the company more vulnerable to regional
weather conditions, planting decisions, and farm economics.
Although the company has expanded operations significantly during
the past two years, its operations are still heavily concentrated
in the southern U.S.  S&P also sees the potential for operational
risks associated with rapid growth, although S&P believes the
company has managed these risks well to date.  Offsetting positive
factors include a well-established position in its region with
long-standing customer and supplier relationships, a well-balanced
product portfolio, experienced management, policies that minimize
commodity risk, and still good profitability.

S&P could lower ratings if the company's leverage increases
further, against our expectations for improvements, which could be
prompted by the undertaking of any debt-funded acquisitions or if
earnings were to weaken due to erosion in margins, which could
result from product mix shifts, operating inefficiencies related to
acquisitions, higher selling, general, and administrative expenses,
or a prolonged period of severe weather or other adverse industry
conditions, to name a few possible causes.  Similarly, S&P could
lower ratings if liquidity falls to less than adequate or if the
company is unable to refinance or extend its ABL maturity that is
coming due in 2017.  S&P could also lower ratings should the
company face any problems pertaining to covenant compliance.
Lastly, S&P could lower ratings if it no longer deems management or
financial-sponsor ownership to be supportive of the company's
overall financial policy.  

S&P could raise the ratings if the company is able to improve
leverage, either through management actions or through improvements
in operating performance, such that FFO to debt improves to the
mid- to high-single digits over the next year, and S&P believes
such improvement is sustainable.  S&P would expect the company to
at least maintain current liquidity.  For this to happen, S&P would
expect there to be improvement in the agricultural sector outlook.
Equally important to upward ratings potential would be a successful
refinancing of the company's ABL, which is due in November 2017.


PORTER BANCORP: Leverage Ratios Raises Going Concern Doubt
----------------------------------------------------------
Porter Bancorp, Inc., filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q, disclosing a net
income of $1.01 million on $8.70 million of interest income for the
three-months ended June 30, 2016, compared to a net loss of $2.13
million on $9.17 million of interest income for the same period in
2015.

For the six months ended June 30, 2016, the Company reported net
income of $2.49 million on $17.89 million of interest income
compared to a net loss of $1.54 million on $18.37 million of
interest income for the six months ended June 30, 2015.

As of June 30, 2016, the Company had $916.55 million in total
assets, $875.11 million in total liabilities and $41.43 million in
total stockholders' equity.

PBI Bank is in compliance with each element of its Consent Order
with the FDIC and KDFI other than the requirement for the Bank to
maintain a minimum Tier 1 leverage ratio of 9% and a minimum total
risk based capital ratio of 12%. As of June 30, 2016, the Bank's
Tier 1 leverage ratio and total risk based capital ratio were 6.65%
and 10.87%, respectively, both less than the minimum capital ratios
required by the Consent Order, but otherwise compliant with Basel
III capital requirements. The Consent Order provides that if the
Bank should be unable to reach the required capital levels, and if
directed in writing by the FDIC, the Bank would be required to
develop, adopt and implement a written plan to sell or merge itself
into another federally insured financial institution or otherwise
obtain a capital investment into the Bank sufficient to
recapitalize the Bank.

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

                       https://is.gd/svio9c

                       About Porter Bancorp

Porter Bancorp, Inc., is a bank holding company headquartered in
Louisville, Kentucky.  Through its wholly-owned subsidiary PBI
Bank, the Company operates 18 full-service banking offices in 12
counties in Kentucky.

Porter Bancorp reported a net loss of $3.21 million on $36.57
million of interest income for the year ended Dec. 31, 2015,
compared to a net loss of $11.15 million on $39.51 million of
interest income for the year ended Dec. 31, 2014.

The Company's auditor Crowe Horwath, LLP, in Louisville, Kentucky,
issued a "going concern" qualification on the consolidated
financial statements for the year ended Dec. 31, 2015, citing that
"the Company has incurred substantial losses in 2015, 2014 and
2013, largely as a result of asset impairments resulting from the
re-evaluation of fair value and ongoing operating expenses related
to the high volume of other real estate owned and non-performing
loans.  In addition, the Company's bank subsidiary is not in
compliance with a regulatory enforcement order issued by its
primary federal regulator requiring, among other things, increased
minimum regulatory  capital ratios as well as being involved in
various legal proceedings in which the Company disputes material
factual allegations against the Company.  Additional losses,
adverse outcomes from legal proceedings or the continued inability
to comply with the regulatory enforcement order may result in
additional adverse regulatory action.  These events raise
substantial doubt about the Company's ability to continue as a
going concern."



PRECISION INDUSTRIAL: Hires Structured Finance as Rate Expert
-------------------------------------------------------------
Precision Industrial Contractors, Inc., seeks authorization from
the U.S. Bankruptcy Court for the Western District of Washington to
employ Structured Finance Solutions LLC as financial and interest
rate expert.

On July 18, 2016, Debtor filed its First Amended Plan of
Reorganization and accompanying Disclosure Statement.  In
connection with the upcoming confirmation hearing on its plan of
reorganization, the Debtor anticipates it will need to provide
expert testimony on certain financial issues attendant to
confirmation of its plan, including feasibility and appropriate
interest rates.

The Debtor has selected SFS because the firm is well versed in
financial issues attendant to confirmation of a Chapter 11 plan of
reorganization and is well qualified to provide expert testimony on
such issues.

SFS will be paid at these hourly rates:

   Adam Margolin                 $400
   SFS Subject Matter Experts    $350
   Sr. Consultants               $300
   Research Assistants           $250

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

Adam Margolin, managing partner Structured Finance Solutions LLC,
assured the Court that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code and does
not represent any interest adverse to the Debtor and its estates.

SFS may be reached at:

     Adam Margolin
     Structured Finance Solutions LLC
     1127 Auraria Parkway, Suite 402B
     Denver, CO 80204
     Tel: (303)520-5775

             About Precision Industrial



Precision Industrial Contractors, Inc., is a Washington corporation
based in Woodland, Washington, that is engaged in the industrial
construction, dismantling, and moving business, including machinery
moving, process piping, equipment installation, concrete plant
relocation, steel erection, electrical instrumentation, and
demolition.



Precision Industrial filed a Chapter 11 petition (Bankr. W.D.
Wash. Case No. 15-45167) on Nov. 5, 2015.  The Hon. Brian D Lynch
presides over the case.  The Debtor is represented by Thomas W
Stilley, Esq., at Sussman Shank LLP, in Portland, Oregon.



PRECISION WELDING: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: Precision Welding, Inc.
        241 Enterprise Pkwy.
        Lancaster, CA 93534

Case No.: 16-20823

Chapter 11 Petition Date: August 15, 2016

Court: United States Bankruptcy Court
       Central District of California (Los Angeles)

Judge: Hon. Sandra R. Klein

Debtor's Counsel: Steven R Fox, Esq.
                  LAW OFFICES OF STEVEN R. FOX
                  17835 Ventura Blvd Ste 306
                  Encino, CA 91316
                  Tel: 818-774-3545
                  Fax: 818-774-3707
                  E-mail: emails@foxlaw.com

Total Assets: $1.07 million

Total Liabilities: $909,260

The petition was signed by David Jones, president and CEO.

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/cacb16-20823.pdf


PRECISION WELDING: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: Precision Welding, Inc.
        241 Enterprise Pkwy.
        Lancaster, CA 93534

Case No.: 16-20823

Chapter 11 Petition Date: August 15, 2016

Court: United States Bankruptcy Court
       Central District of California (Los Angeles)

Judge: Hon. Sandra R. Klein

Debtor's Counsel: Steven R Fox, Esq.
                  LAW OFFICES OF STEVEN R. FOX
                  17835 Ventura Blvd Ste 306
                  Encino, CA 91316
                  Tel: 818-774-3545
                  Fax: 818-774-3707
                  E-mail: emails@foxlaw.com

Total Assets: $1.07 million

Total Liabilities: $909,260

The petition was signed by David Jones, president and CEO.

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/cacb16-20823.pdf


PROSOLUTIONS LLC: Hires Aiken Schenk as Counsel
-----------------------------------------------
Prosolutions LLC seeks authorization from the U.S. Bankruptcy Court
for the District of Arizona to employ Aiken Schenk Hawkins &
Ricciardi P.C. as counsel for the Debtor.

The Debtor requires Aiken Schenk to:

    a. prepare pleadings and applications and conducting of
examinations incidental to administration,

    b. advise the Debtor of its rights, duties, and obligations
under Chapter 11 of the Bankruptcy Code,

    c. take any and all other necessary action incident to the
proper preservation and administration of this Chapter 11 estate,
and

    d. advise the Debtor in the formulation and presentation of a
plan pursuant to Chapter 1l of the Bankruptcy Code, the disclosure
statement and concerning any and all matters relating thereto.

Aiken Schenk will be paid an hourly rate of $300 to $500.

D. Lamar Hawkins of Aiken Schenk Hawkins & Ricciardi P.C., assured
the Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtor and its estates.

Aiken Schenk may be reached at:

      D. Lamar Hawkins, Esq.
      Heather A. Macre, Esq
      Aiken Schenk Hawkins & Ricciardi P.C.
      2390 E. Camelback Rd., Suite 400
      Phoenix, AZ 85016
      Tel: (602)248-8203
      Fax: (602)248-8840
      E-mail: dlh@ashrlaw.com
              ham@ashrlaw.com

                About Prosolutions LLC

Prosolutions LLC filed a Chapter 11 bankruptcy petition (Bankr.
D.Ariz. Case No. 16-08653) on July 28, 2016. D. Lamar Hawkins, Esq.
at Aiken Schenk Hawkins & Ricciardi P.C. as bankruptcy counsel.


RED RIVER SOUTH: Hires William Kostelka as Accountant
-----------------------------------------------------
Red River South Enterprises, LLC seeks authorization from the U.S.
Bankruptcy Court for the Western District of Louisiana to employ
William C. Kostelka, with Rachel & Kostelka, LLC as accountant, as
of the July 21, 2016 petition date.

The professional services the Accountant may be requested to render
are:

   -- auditing services, including the examination of financial
      statements of Debtor's affiliates;

   -- assistance in preparation of accounting statements;

   -- assistance in preparation of monthly accountings to the
      Bankruptcy Court and the Creditors' Committee;

   -- assistance in preparation of cash flow forecast;

   -- assistance in preparation of a plan or plans of
      reorganization;

   -- preparation of tax returns; and

   -- assistance in the preparation of bankruptcy schedules,
      statements of financial affairs, and any other filings
      required in this case, and all other accounting services
      that the Debtor-in-Possession may require.

The compensation and other terms of employment of Accountant are:

   -- $200 per hour for accounting related matters; and

   -- $200 per hour for tax related matters.

William C. Kostelka 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 Accountant can be reached at:

       William C. Kostelka
       RACHEL & KOSTELKA, LLC
       2250 Hospital Drive, Suite 136
       Bossier City, LA 71111

                     About Red River South

Red River South Enterprises, LLC, based in Shreveport, La., filed a
Chapter 11 petition (Bankr. W.D. La. Case No. 16-11226) on July 21,
2016.   The Hon. Jeffrey P. Norman presides over the case. Robert
W. Raley, Esq. serves as bankruptcy counsel.

In its petition, the Debtor estimated $500,000 to $1 million in
assets and $1 million to $10 million in liabilities.  The petition
was signed by Leon S. Miletello, Jr., managing member - Single
Member LLC.


REO HOLDINGS: Chapter 11 Trustee Names Eva Lemeh as Attorney
------------------------------------------------------------
Eva M. Lemeh, the Chapter 11 trustee of Reo Holdings, LLC seeks
authorization from the U.S. Bankruptcy Court for the Middle
District of Tennessee to employ Eva M. Lemeh as attorney to
represent the Trustee.

The Trustee anticipates that the services the attorney may render
include, but are not limited to the:

   -- preparation of all legal documents, motions, orders, and
      deeds, necessary for the orderly administration or
      liquidation of any and all assets of the Debtor's estate;

   -- collection of any outstanding accounts receivable;

   -- pursuit of any and all the trustee's actions under Sections
      544, 546, 547, 548, or 549 of the Bankruptcy Code against
      the debtor or third parties; and

   -- representation in any other legal actions the trustee may
      have against the Debtor or third parties.

The current hourly rates for the individuals who may perform
services in this proceeding are:

      Eva M. Lemeh (Attorney)         $370
      Assistant                       $130

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

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

The Bankruptcy Court will hold a hearing on the application on
September 6, 2016, at 9:00 a.m.  Objections, if any, are due on
August 23, 2016.

Ms. Lemeh can be reached at:

       Eva M. Lemeh, Esq.
       4300 Kings Lane
       Nashville, TN 37218
       Tel: (615) 876-4862
       Fax: (615) 691-7382
       E-mail: elemehtrustee@comcast.net

REO Holdings, LLC, filed a Chapter 11 bankruptcy petition (Bankr.
W.D. Tenn. Case No. 16-10414) on February 29, 2016.  The Debtor is
represented by Thomas Harold Strawn Jr., Esq.


REO HOLDINGS: Trustee Hires Larry Williams as Accountant
--------------------------------------------------------
Eva M. Lemeh, the Chapter 11 trustee of Reo Holdings, LLC seeks
authorization from the U.S. Bankruptcy Court for the Middle
District of Tennessee to employ Larry Williams, CPA, as accountant
for the estate.

The Trustee anticipates that the services the accountant may render
include: any and all necessary activities relating to federal,
state, and local tax liabilities of this estate, including but not
limited to advising and consulting with the Trustee regarding the
tax impact of accomplished and proposed transactions and,
especially, the preparation and filing of federal, state and local
tax returns.

Mr. Williams proposes, subject to court approval, to seek
compensation upon the basis of hourly rates ranging from $75 to
$200 per hour for his time.

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

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

The Bankruptcy Court will hold a hearing on the application on
September 6, 2016, at 9:00 a.m.  Objections, if any, are due on
August 23, 2016.

REO Holdings, LLC, filed a Chapter 11 bankruptcy petition (Bankr.
W.D. Tenn. Case No. 16-10414) on February 29, 2016.  The Debtor is
represented by Thomas Harold Strawn Jr., Esq.


RICHARD MERRITT: Court to Take Up Bankruptcy Plan on Sept. 13
-------------------------------------------------------------
A U.S. bankruptcy court will consider approval of the Chapter 11
plan of Richard Merritt at a hearing on September 13.

The U.S. Bankruptcy Court for the Southern District of Alabama will
hold the hearing at 9:30 a.m., at Courtroom No. 1 of the U.S.
Bankruptcy Courthouse, 201 St. Louis Street, Mobile, Alabama.

The court had earlier issued an order approving the disclosure
statement, allowing the Debtor to start soliciting votes from
creditors.  

The August 9 order set a September 6 deadline for creditors to cast
their votes and file their objections.  

The Debtor is represented by:

     A. Richard Maples, Jr., Esq.
     P.O. Box 1281
     Mobile, Alabama 36633

                      About Richard Merritt

Richard T. Merritt sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Ala. Case No. 11-00380) on February 1,
2011.  The case is assigned to Judge Jerry C. Oldshue, Jr.


ROBISON TIRE: Proposes Online Auction of Goodyear Inventory
-----------------------------------------------------------
Robison Tire Co., Inc., asks the U.S. Bankruptcy Court for the
Southern District of Mississippi to authorize the sale by auction
of inventory to be conducted by Taylor Auction and Realty, Inc.

The Debtor was a replacement tire wholesaler and retailer in the
Southeastern United States.  Two manufacturers with whom Debtor had
dealer agreements were The Goodyear Tire & Rubber Co. ("Goodyear")
and Hercules Tire & Rubber Co. ("Hercules"). In October 2014,
Hercules terminated its dealer agreement with Debtor.  In January
2015 Goodyear declined to renew its dealer agreements with Debtor.

The lack of ability to sell Goodyear and Hercules brands
significantly impacted Debtor's financial condition.  At the time
of cessation of business operations, the Debtor had significant
trade debt in excess of $10,000,000 to manufacturers and suppliers
of inventory, approximately $2,000,000 in loans from a former
shareholder, Joe Robison, and approximately $4,000,000 in real
estate mortgage debt.

One of the Debtor's trade creditors was Strategic Import Supply,
Inc. ("SIS"), which was owed approximately $2,100,000. On June 29,
2015, the Debtor executed a Demand Promissory Note in favor of SIS
in the principal amount of $1,750,000 along with a Security
Agreement describing as collateral inventory, including inventory
of specialty OTR tires for the mining industry located in a
warehouse in Houston, Texas ("OTR Mining Tires").  SIS perfected
its security interest in the OTR Mining Tires, but did not include
a description of "inventory" in its Financing Statement.  After the
execution of the Demand Promissory Note and Security Agreement, the
Debtor did not have any further communication with SIS.

Another significant trade creditor was Goodyear.  It held a first
priority purchase money security interest in the Goodyear Inventory
and a second priority deed of trust upon a retail store owned by
Debtor located on Highway 15 in Laurel, Mississippi commonly
referred to as the New South Store.

Goodyear claimed that it was owed in excess of $2,100,000 under its
dealer agreements.  In August, 2015, Goodyear began foreclosure on
the New South Store.  The Debtor filed suit against Goodyear in the
Chancery Court of Jones County, Mississippi for monetary and
injunctive relief ("Jones County Action").  The Debtor obtained a
temporary restraining order enjoining the foreclosure. A week
later, Goodyear filed suit against Debtor in the Court for balances
due under the Goodyear dealer agreements. Goodyear then removed the
Jones County Action to the Court, and sought transfer of the
removed Jones County Action to the Ohio District Court.  The
removed Jones County Action was subsequently transferred to the
Ohio District Court.

With the New South Store no longer being subject to the option
granted to Southern Tire, the Debtor entered into a purchase and
sale agreement to sell the New South Store for $1,400,000, subject
to the consent of Goodyear and other contingencies.  It also
entered into a lease purchase agreement to sell a retail location
in Forrest, Mississippi for $300,000.  It terminated its retirement
plan, filed returns with governmental entities and consolidated its
bank accounts.  Creditors who made inquiry were advised of Debtor's
liquidation plans, which focused on paying secured creditors so
that remaining unencumbered assets could be liquidated for the
benefit of unsecured creditors.

Resolving the claims of Goodyear was an important step in the
liquidation process.  Approximately $1,500,000 in Goodyear
inventory was stored trailers and containers ("Goodyear Inventory")
at the Laurel Warehouse, now owned by Southern Tire. Goodyear
declined to repossess and dispose of the Goodyear Inventory, nor
would it consent to Robison liquidating the Goodyear Inventory.
Settlement with Goodyear was also necessary to remove the
requirement of Goodyear's consent to the sale of the New South
Store.

Numerous discussions occurred concerning settlement.  The Ohio
District Court ordered mediation of the Ohio suits and were
successfully mediated to settlement in Youngstown, Ohio on April
26, 2016 by U.S. Magistrate Judge  George J. Limbert.  The terms of
the settlement were dictated into the record of the Ohio District
Court and the parties agreed to the terms of the settlement
memorialized in a written Settlement Agreement ("Goodyear
Settlement").

While the Settlement Agreement speaks for itself, the Goodyear
Settlement generally provides that the Debtor will liquidate the
Goodyear Inventory.  One half of the net proceeds from liquidation
of the Goodyear Inventory will be forwarded to counsel for
Goodyear, which will hold the funds in escrow ("Escrow Funds"), and
the remaining one-half will be delivered to the Debtor.  Upon a
closing of a sale of the New South Store, Goodyear will be
delivered all of the net proceeds of the sale up to $1,400,000,
plus one-half of the net proceeds in excess of $1,400,000.  In the
event the net proceeds from the sale of the New South Store are
less than $1,400,000, all or a portion of the Escrow Funds will be
delivered to Goodyear to the extent that such funds are necessary
to pay Goodyear $1,400,000. The remaining Escrow Funds, if any,
will be delivered to Debtor.  Goodyear also agreed, among other
things, to limit its recourse to the proceeds of the sale of the
New South Store and the Escrow Funds.  This effectively reduced
Goodyear's claim by over $700,000.

Consistent with the Goodyear Settlement, the Debtor began
considering the best means of liquidating the Goodyear Inventory.
An auction sale was considered better alternative over bulk sale
because of competitive bidding and a date certain upon which
liquidation could be completed.  A proposal was made by Taylor in
mid-May, 2016.  After some negotiation, the Auction Proposal was
modified and accepted by Debtor on June 16, 2016.

A copy of the Auction Proposal and the Goodyear Inventory attached
to the Motion is available for free at:

    http://bankrupt.com/misc/Robinson_Tire_29_Sales.pdf

While the Auction Agreement speaks for itself, Taylor is
responsible for moving the Goodyear Inventory to the New South
Store, staging the tires, division of the tires into lots and
marketing the tires.  The auction will be conducted on-line only,
but prospective bidders will have the opportunity to inspect the
lots prior to bidding.  Taylor has agreed to pay the costs of
staging the tires and marketing in advance and to be reimbursed
same from the proceeds of the sale. Taylor will be paid a seller's
commission of 5% on the first $500,000 of the "hammer price" and
7.5% percent above $500,000.  Taylor will also be paid a 10%
buyer's premium.

Taylor has divided the Goodyear Inventory into approximately 1,000
lots and is in the process of completing catalogs describing the
lots.  Taylor anticipates the lots will be divided into at least
four catalogs.  Taylor will begin advertisement of the catalogs and
make the lots available for inspection to prospective bidders on or
before Aug. 17, 2016.  Bids will open for an on-line only auction
on Aug. 31, 2016.  Bids on the first catalog will begin to close on
Sept. 20, 2016.

On July 5, 2016, the Debtor was served with a Summons and Complaint
in connection with a civil action filed in the U.S. District Court
for the District of Minnesota by SIS ("SIS Action").  The Complaint
alleges that based upon its security interest in the inventory of
Debtor, it is entitled to possession of the inventory.  The
Complaint also alleges, among other things, that Debtor' intended
auction was for the purpose of defrauding its creditors and with
the intent of secreting the proceeds of the sale from SIS.  The
Complaint requests the Minnesota District Court to enjoin Robison
from conducting the auction and to award SIS possession and
ownership of the inventory.  On July 14, 2016, SIS served Robison
with a Motion for Temporary Restraining Order, requesting the same
relief.

In addition to the SIS Action, other trade creditors had filed suit
against Debtor in several jurisdictions.  With the filing of the
SIS Action, the Debtor determined that it would be more efficient
to liquidate its assets through a Chapter 11 plan of liquidation.
The Debtor also determined that the Chapter 11 Petition was
necessary to invoke the automatic stay as to the SIS Action to
prevent disruption of the action sale and to preserve the benefits
of the Goodyear Settlement.

                        About Robison Tire

Since the early 1970's, Robison Tire Co., Inc., was a replacement
tire wholesaler and retailer in the Southeastern United States.
Robison entered into various dealer agreements with manufacturers
of passenger, commercial, off road, implement and specialty tires
pursuant to which it purchased products directly from manufacturers
and sold products on a wholesale and retail basis.

Beginning in approximately 2008, the company began expanding its
business operations, both in geographical area and volume. By the
beginning of 2011, it was doing business in Mississippi, Alabama,
Florida, Tennessee, Georgia, Louisiana and Arkansas.  Robison had
warehouses in Laurel, Mississippi, Montgomery, Alabama and
Nashville, Tennessee. Robison Tire Co., Inc. was an authorized
wholesaler and retailer of a number of brands, including Armour,
Bridgestone, Goodyear, Hankook, Hercules and Toyo.

Robison Tire Co., Inc. sought the Chapter 11 protection (Bankr.
S.D. Miss. Case No. 16-51183) on July 14, 2016.  Judge Katharine M.
Samson is assigned to the case.

The Debtor estimated assets in the range of $500,000 to $1 million
and $1 million to $10 million in debt.

Jarrett Little, Esq. at Lentz & Little, PA serves as the Debtor's
counsel.

The petition was signed by Michael Windham, president.


ROTARY DRILLING TOOLS: Can Get DIP Financing From PNC Bank
----------------------------------------------------------
Judge Marvin Isgur of the U.S. Bankruptcy Court for the Southern
District of Texas authorized Rotary Drilling Tools USA, LLC, et
al., to obtain postpetition financing and use cash collateral.

Judge Isgur acknowledged that it is in the best interest of the the
Debtors' estates that the Debtors be allowed to enter into the DIP
Facility in order to obtain postpetition secured financing from PNC
Bank, N.A., and use the prepetition collateral and cash collateral
in order to satisfy administrative expenses associated with the
operation of their businesses as going concerns and other costs
relating to the administration of the Chapter 11 cases.

                           DIP Financing

The Debtors have sought approval to obtain up to $3 million of
financing from PNC Bank.  The DIP Facility bears a non-default rate
of Alternate Base Rate plus 3.5%.  Upon an Event of Default under
the DIP Facility, the interest rate may be increased by an addition
2% per annum.

                          Cash Collateral

The Debtors are indebted to PNC Bank in an amount of not less than
$35,776,284 as of July 5, 2016.  The indebtedness was secured by
valid, enforceable, properly perfected, first priority, and
unavoidable liens on and security interests encumbering
substantially all the Debtors' assets.

The approved 13-week budget provides for total operating
disbursements in the amount of $1,356,995.  The Budget covers the
period beginning on the week ending March 4, 2016 and ends on the
week ending on Sept. 30, 2016.

The Debtors are authorized to grant PNC Bank a valid, binding, and
enforceable lien, mortgage and/or security interest in all of the
Debtors' presently owned or after-acquired property and assets, and
their proceeds.

PNC Bank was granted adequate protection in the form of:

     (1) a lien in all DIP Collateral, junior only to the DIP Lien
and Carve-Out; and

     (2)  a postpetition superpriority administrative expense claim
against each of the Debtors, which will have priority in payment
over any other indebtedness and over all other administrative
expenses of any kind.   

The Carve-Out consists of:

     (1) postpetition fees and expenses of the Clerk of Court and
statutory fees payable to the U.S. Trustee;

     (2) postpetition fees and expenses of the professionals of the
Debtors and professionals of the Statutory Committee, which are
retained by an Order of the Court, incurred prior to a Termination
Event; and

     (3) postpetition fees and expenses of the Professionals
incurred after the occurrence of a Termination Event in an
aggregate amount not to exceed $50,000.

Judge Isgur held that the aggregate amount of all items included in
the Carve-Out for all Professionals should not exceed $1,020,500,
in any event.

              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 and its affiliates.


RUSSELL COX: Court to Take Up Exit Plan on Sept. 19
---------------------------------------------------
A U.S. bankruptcy judge will consider approval of the Chapter 11
plan of reorganization of Russell and Teri Cox at a hearing on
September 19.

Judge Phillip Shefferly of the U.S. Bankruptcy Court for the
Eastern District of Michigan will hold the hearing at 3:00 p.m., at
Courtroom 1975, 211 West Fort Street, Detroit, Michigan.

Judge Shefferly will also consider at the hearing the final
approval of the Debtors' disclosure statement, which explains the
plan.  The bankruptcy judge gave preliminary approval to the
disclosure statement on August 4.

The court order set a September 12 deadline for creditors to cast
their votes and file their objections to the plan.

                        About the Debtors

Russell E. Cox and Teri L. Cox sought protection under Chapter 11
of the Bankruptcy Code (Bankr. E.D. Mich. Case No. 16-41495) on
February 5, 2016.


SALEM MEDIA: S&P Revises Outlook to Stable & Affirms 'B-' CCR
-------------------------------------------------------------
S&P Global Ratings said that it revised its rating outlook on Salem
Media Group Inc. to stable from negative.  At the same time, S&P
affirmed its 'B-' corporate credit rating on the company.

S&P also affirmed its 'B-' issue-level rating on the company's
senior secured term loan.  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.

"The revised outlook reflects Salem Media's wider-than-expected
covenant headroom in the first half of 2016, and our expectation
that the covenant EBITDA headroom will be at a high-single-digit to
low-teens percentage level over the next 12 months," said S&P
Global Ratings credit analyst Heidi Zhang.  The wider covenant
headroom mainly reflects better performance in the company's
digital media segment as it improves its mobile monetization
efforts in an effort to offset declines from Facebook-sourced
traffic, which fell to about 15% in the first half of 2016 compared
to 50% a year earlier.

"The stable rating outlook reflects our expectation that Salem
Media's leverage will be in the low- to mid-5x area and its
covenant EBITDA headroom will be in the high-single-digit to
low-teens percentage level over the next 12 months," said Ms.
Zhang.

S&P could consider lowering its corporate credit rating on Salem
Media if the company underperforms S&P's base-case expectation of
low- to mid-single-digit percentage revenue growth.  Under this
scenario, the company's liquidity would decline, which would cause
its margin of covenant compliance to fall below 5% and increase the
risk of covenant violation.  Factors that could contribute to this
scenario include material business weakness or any debt-financed
acquisitions that cause leverage to increase.

S&P could consider an upgrade if it believes the company will have
adequate liquidity and a covenant headroom greater than 15% over
the next 12 months.  This would likely require adjusted EBITDA
growth in the mid-single-digit percentage area over the 12 months
or more debt repayment.


SAMUEL FIGUEROA: Files Plan to Exit Chapter 11 Protection
---------------------------------------------------------
Samuel Ferrer Figueroa filed with the U.S. Bankruptcy Court for the
District of Puerto Rico his proposed plan to exit Chapter 11
protection.

The restructuring plan proposes to pay creditors from the proceeds
of certain properties owned by the Debtor.  

Under the plan, Class 3 general unsecured creditors will receive
payments if there are still proceeds to be distributed after Banco
Popular de Puerto Rico, a secured creditor, is paid.  

A copy of the Debtor's disclosure statement explaining his proposed
plan is available for free at https://is.gd/VhMuid

The Debtor's Chapter 11 case is jointly administered with that of
Autos Ferrer Inc., which filed a separate Chapter 11 plan of
reorganization.

The Debtor is represented by:

     Isabel M. Fullana, Esq.
     Garcia-Arregui & Fullana PSC
     252 Ponce de Leon Ave.
     Citibank Towers Suite 1101
     San Juan, PR 00918
     Tel: 787-766-2530
     Fax: 787-756-7800

                 About Samuel Ferrer Figueroa

Samuel Ferrer Figueroa sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D.P.R. Case No. 15-08241) on October 22,
2015.  The case is jointly administered with the Chapter 11 case
(Bankr. D.P.R. Case No. 15-08240) of Autos Ferrer Inc.


SANDERS COMMERCIAL: Motion for More Time to File Plan Withdrawn
---------------------------------------------------------------
Judge Neil P. Olack of the U.S. Bankruptcy Court for the Southern
District of Mississippi granted Sanders Commercial Properties,
LLC's motion seeking the withdrawal of its Motion for Additional
Time to File Disclosure Statement and Plan of Reorganization.

As previously reported by The Troubled Company Reporter, the Debtor
asked the U.S. Bankruptcy Court to grant it additional time within
which to file its Plan of Reorganization and Disclosure Statement
in this Chapter 11 case, through and until 20 days after the Court
rules on the Debtor's motions to sell property.

             About Sanders Commercial Properties, LLC.

Sanders Commercial Properties, LLC, sought Chapter 11 protection
(Bankr. S.D. Miss. Case No. 15-01560) on May 13, 2015.  Judge Neil
P. Olack is assigned to the case.  The petition was signed by David
R. Sanders, member/registered agent.

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

Craig M. Geno, Esq. at Law Offices of Craig M. Geno, PLLC serves as
the Debtor's counsel.  

The Debtor is continuing to operate as Debtor-In-Possession.

No trustee, examiner or official committee has been appointed in
the case.


SANDERS COMMERCIAL: Withdraws Bid to Extend Exclusivity Periods
---------------------------------------------------------------
Judge Neil P. Olack of the U.S. Bankruptcy Court for the Southern
District of Mississippi grants the motion ore tenus of Sanders
Commercial Properties, LLC, to withdraw its motion for additional
time to file disclosure statement and plan of reorganization, and
ordered that the motion for additional time to file disclosure
statement and plan of reorganization withdrawn.

As previously reported by The Troubled Company Reporter, the Debtor
asks the Court "to grant it additional time within which to file
its Plan of Reorganization and Disclosure Statement in this Chapter
11 case, through and until 20 days after the Court rules on the
Debtor's motions to sell property.  The separate Chapter 11 case of
the Debtor's principal, David Sanders, has been converted to a
Chapter 7, which caused Trustmark to declare a default in the
Sanders Commercial case, asserting that the automatic stay has been
lifted entitling Trustmark to foreclose upon its collateral.
Subsequent to the notice of default, the Debtor in this case
initiated its motion to sell real property free and clear of liens,
claims and interest with two offers it has received.  Because of
the uncertainty in connection with Trustmark's position on the sale
of assets, it is premature for Sanders Commercial to file a
Disclosure Statement and Plan of Reorganization.  In the event the
sales of assets can be consummated, a Plan of Reorganization will
follow that immediately.  However, in the event the sales of assets
cannot be accomplished, there may be no need for a Plan of
Reorganization.

The Debtor's counsel can be reached at:

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

          About Sanders Commercial Properties

Sanders Commercial Properties, LLC, sought Chapter 11 protection
(Bankr. S.D. Miss. Case No. 15-01560) on May 13, 2015.  Judge Neil
P. Olack is assigned to the case.  The petition was signed by David
R. Sanders, member/registered agent.

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

Craig M. Geno, Esq. at Law Offices of Craig M. Geno, PLLC serves as
the Debtor's counsel.  

The Debtor is continuing to operate as Debtor-In-Possession.

No trustee, examiner or official committee has been appointed in
the case.


SEVENTY SEVEN: S&P Raises Rating on 1st Lien Sec. Term Loan to 'B'
------------------------------------------------------------------
S&P Global Ratings raised its issue-level rating on Oklahoma
City-based Seventy Seven Energy Inc.'s (SSE) first-lien secured
term loan due 2020 to 'B' from 'B-'.  The recovery rating on this
debt is '1', indicating S&P's expectation of very high (90% to
100%) recovery to creditors in the event of a payment default.

S&P also assigned a 'CCC' issue-level rating to the company's
second-lien secured incremental term loan due 2021.  The recovery
rating on this debt is '5', indicating S&P's expectation of modest
(10% to 30%, upper half of the range) recovery to creditors in the
event of a payment default.

The revision reflects SSE's senior secured loan hierarchy.  The
$400 million secured term loan due 2020 (about $393 million of
which is outstanding) is a first-lien secured term loan.  The $100
million secured incremental term loan due 2021 (about $84 million
of which is outstanding) is a second-lien secured term loan.

                         RECOVERY ANALYSIS

Key analytical factors:

S&P's simulated default scenario contemplates a cyclical downturn
in the oil and gas sector coupled with the company's inability to
renew a material portion of its contracts with Chesapeake Energy or
new customers.

S&P is revising its issue-level rating on SSE's first-lien secured
term loan maturing in 2020 to 'B' from 'B-' ('1' recovery rating).

S&P is assigning a new issue-level rating on SSE's second-lien
secured incremental term loan maturing in 2021 to 'CCC' ('5'
recovery rating, upper half of the range).

S&P's recovery analysis for SSE assumes its asset-based loan
facility will have $60 million of principal outstanding prior to
default.

S&P bases its valuation for SSE on our estimated EBITDA at
emergence of $100 million and an EBITDA multiple of 5x.

Simulated default assumptions:
  Simulated year of default: 2018
  EBITDA at emergence: $100 million
  EBITDA multiple: 5x

Simplified waterfall:
  Net enterprise value (after 5% administrative expenses):
   $475 million
  Priority claims: $62 million
  Secured first-lien debt claims: $395 million
  Recovery expectations: 90% to 100%
  Secured first-lien debt claims: $87 million
  Recovery expectations: 10% to 30% (upper half of the range)

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

RATINGS LIST
Seventy Seven Energy Inc.
Corporate credit rating                      CCC+/Developing/--   

Issue-Level Rating Raised; Recovery Rating Revised
                                             To         From
Seventy Seven Energy Inc.
Senior Secured
1st-lien term ln due 2020                   B          B-
  Recovery rating                            1          2H

New Rating
Seventy Seven Energy Inc.
Senior Secured
2nd-lien incremental term ln due 2021       CCC
  Recovery rating                            5H


SINCLAIR TELEVISION: Moody's Rates New $350MM Unsec. Notes 'B1'
---------------------------------------------------------------
Moody's Investors Service assigned a B1 rating to the proposed
senior unsecured notes of Sinclair Television Group, Inc, a
subsidiary of Sinclair Broadcast Group, Inc.  The proposed size of
the issuance is $350 million with an expected maturity of 2027.
Also as part of the transaction, Sinclair will redeem the company's
outstanding senior unsecured notes maturing in 2021. Sinclair
Broadcast Group, Inc.'s Ba3 Corporate Family Rating remains
unchanged.

Assignments:

Issuer: Sinclair Television Group, Inc
  NEW $350 million Senior Unsecured Notes: Assigned B1 (LGD5)

                         RATINGS RATIONALE

The extended maturity of the newly issued senior unsecured note is
credit positive, lowering borrowing costs and pushing out the debt
maturity profile of the senior unsecured note from 2021 to 2027.

Sinclair Broadcast Group, Inc.'s Ba3 Corporate Family Rating
reflects the company's established brand, scale and geographic US
reach.  The company broadcasts 484 channels on 173 TV stations to
44 million homes in 81 markets (50 multi-station markets), and has
more stations than any other broadcaster.  These assets will
generate close to $2.6 billion in annualized revenue over our
rating horizon, scale consistent with peers in this rating
category.  Sinclair's market focus benefits from high growth
political ad revenue given its presence in 23 state capitals, 10
swing states, in addition to operating a broadcast TV station and
cable news network based in Washington.  In addition, the company's
revenue model is becoming more balanced with a higher mix of
retransmission fees which are growing at a much faster pace than
its core ad revenues.

Sinclair's rating is constrained by shareholder-friendly financial
policies that tolerate moderately high leverage.  In addition, the
company's ad-dependent revenue model is vulnerable to seasonal and
cyclical swings, strongly influenced by economic changes as well as
political ad spending during presidential elections and the timing
of major legislation passed at the state and national level, and
elections at those levels.  The ratings also reflect the growing
exposure to competitive threats and potential loss of market share
resulting from media fragmentation.  In addition, risk is building
in retransmission fees which are drawing the attention of
regulators, competitors, and affiliates as the value and rate of
growth rises.  Sinclair is particularly challenged as the company
has a middle market focus with only 25 of its markets ranking in
the top 50 and roughly 70% of the company's markets ranking outside
the top 50.  Regardless, the company is producing good EBITDA
margins close to sector average, at near mid 30%, normalized
without the benefit of high-margin political ad spending.

The principal methodology used in this rating was Global Broadcast
and Advertising Related Industries published in May 2012.

Sinclair, headquartered in Hunt Valley, MD, and founded in 1986, is
one of the largest U.S. television broadcasters owning, operating
or providing services to 173 stations in 81 markets.  The station
group reaches roughly 38% of U.S. television households with
diversified network affiliations across primary and digital
subchannels including each of the major networks.  The company also
owns a Washington D.C. based local cable news network and cable
network, Tennis Channel.  Members of the Smith family exercise
control over most corporate matters given they represent four of
the eight board seats and, through Sinclair's dual class share
structure, the Smith family controls approximately 76% of voting
rights.  Reported net revenue for the 12 months ended June 30,
2016, totaled over $2.4 billion.



SINCLAIR TELEVISION: S&P Rates New $350MM Sr. Unsec. Notes 'B+'
---------------------------------------------------------------
S&P Global Ratings assigned its 'B+' issue-level rating and '5'
recovery rating to Sinclair Television Group Inc.'s proposed $350
million senior unsecured notes due 2027.  The '5' recovery rating
indicates S&P's expectation for modest recovery (10%-30%; lower
half of the range) of principal in the event of a payment default.


Sinclair is a wholly owned subsidiary of Hunt Valley, Md.-based TV
broadcaster Sinclair Broadcast Group Inc.  The company expects to
use the net proceeds to repay the 6.375% notes.  As a result, S&P
expects that leverage, based on average-eight-quarter EBITDA, will
remain unchanged in the low-5x area.  S&P also expects that
leverage will decline to under 5x over the next two quarters due to
EBITDA growth from growth in political advertising and
retransmission revenue.  S&P also expects that leverage will remain
below 5.5x on a sustained basis.

RATINGS LIST

Sinclair Broadcast Group Inc.
Corporate Credit Rating         BB-/Stable/--

New Ratings

Sinclair Television Group Inc.
Senior Unsecured
  $350 million notes due 2027      B+
   Recovery Rating                 5L


STONE ENERGY: Financial Covenants Raise Going Concern Doubt
-----------------------------------------------------------
Stone Energy Corporation filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net loss of $195.76 million on $89.32 million of total operating
revenue for the three months ended June 30, 2016, compared to net
loss of $152.91 million on $149.52 million of total operating
revenue for the same period in 2015.

For the six months ended June 30, 2016, the Company listed a net
loss of $384.54 million on $169.86 million of net revenues,
compared to a net loss of $480.29 million on $301.95 million of net
revenues for the same period in the prior year.

As of June 30, 2016, Stone Energy had $1.32 billion in total
assets, $1.74 billion in total liabilities and a total
stockholders' equity of -$428.86 million.

The level of the Company's indebtedness of $1,428 million as of
June 30, 2016 and the current commodity price environment have
presented challenges as they relate to the Company's ability to
comply with the covenants in the agreements governing its
indebtedness, particularly the maximum Consolidated Funded Debt to
consolidated EBITDA ("Consolidated Funded Leverage") financial
covenant set forth in its bank credit agreement.  If they exceed
the maximum Consolidated Funded Leverage financial covenant, they
would be required to seek a waiver or amendment from their bank
lenders.  If the company is unable to reach an agreement with its
banks or find acceptable alternative financing, it may lead to an
event of default under its bank credit facility.  If following an
event of default, the banks were to accelerate repayment under the
bank credit facility, it would result in an event of default and
may result in the acceleration of their other debt instruments.

On June 14, 2016, Stone Energy entered into an amendment to the
bank credit facility which, among other things, requires that they
maintain minimum liquidity of $125.0 million through January 15,
2017 and revised the maximum Consolidated Funded Leverage financial
covenant from 3.75 to 1 to 5.25 to 1 for the fiscal quarter ended
June 30, 2016, 6.50 to 1 for the fiscal quarter ending September
30, 2016, 9.50 to 1 for the fiscal quarter ending December 31, 2016
and 3.75 to 1 thereafter.  They were in compliance with all
covenants under the bank credit facility as of June 30, 2016,
however, the minimum liquidity requirement and other restrictions
under the credit facility may prevent them from being able to meet
their interest payment obligation on the 7-1/2% Senior Notes due in
2022 (the "2022 Notes") in the fourth quarter of 2016 as well as
the subsequent maturity of their 1-3/4% Senior Convertible Notes
due in March 2017 (the "2017 Convertible Notes").  Additionally,
the Company anticipates that it could exceed the Consolidated
Funded Leverage financial covenant of 3.75 to 1 at the end of the
first quarter of 2017 unless a material portion of its debt is
repaid, reduced or exchanged into equity.  These conditions raise
substantial doubt about the Company's ability to continue as a
going concern.

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

                     https://is.gd/gPSuj9

                      About Stone Energy

Stone Energy is an independent oil and natural gas exploration and
production company headquartered in Lafayette, Louisiana with
additional offices in New Orleans, Houston and Morgantown, West
Virginia.  Stone is engaged in the acquisition, exploration,
development and production of properties in the Gulf of Mexico and
Appalachian basins.  For additional information, contact Kenneth H.
Beer, Chief Financial Officer, at 337-521-2210 phone, 337-521-9880
fax or via e-mail at CFO@StoneEnergy.com

                        *     *     *

The Troubled Company Reporter, on June 17, 2016, reported that S&P
Global Ratings said it raised its corporate credit rating on oil
and gas exploration and production company Stone Energy Corp. to
'CCC-' from 'D'.  The outlook is negative.

S&P also raised the issue-level rating on the company's senior
unsecured debt to 'CCC-' from 'D'.  The recovery rating is '3',
indicating S&P's expectation of meaningful (high end of the 50% to
70% range) recovery if a payment default occurs.

The 'CCC-' corporate credit rating reflects the risk that Stone
could elect to file for Chapter 11 and/or restructure its debt
within the next six months.  S&P expects the borrowing base for the
company's reserve-based lending facility to decrease in the fall,
further pressuring liquidity on top of lower cash flows from
operations.  S&P also notes that the company has an upcoming $300
million maturity in March 2017, and S&P believes the company would
have trouble accessing capital markets to refinance it given
current market conditions.



SUCCESS INC: Hires Neubert Pepe as Counsel
------------------------------------------
Success Inc., seeks authorization from the U.S. Bankruptcy Court
for the District of Connecticut to employ Neubert, Pepe & Monteith,
PC as counsel.

The Debtor requires NPM to:

    a. Advise the Debtor of its rights, powers, and duties as a
debtor and debtor-in-possession continuing to operate and manage
its business and property;

    b. Advise the Debtor concerning, and assisting in the
negotiation and documentation of, financing agreements, debt
restructuring, and related transactions;

    c. Review the nature and validity of any liens asserted against
the property of the Debtor, and advising the Debtor concerning the
enforceability of such liens;

    d. Advise the Debtor concerning the actions that these might
take to collect and to recover property for the benefit of the
Debtor’s estate;

    e. Prepare on the Debtor’s behalf necessary and appropriate
applications, motions, pleadings, draft orders, notices, and other
documents, and reviewing all financial and other reports to be
filed in this Chapter 11 case;

    f. Advise the Debtor concerning, and preparing responses to,
applications, motions, pleadings, notices, and other papers which
may be filed and served in this Chapter 11 case;

    g. Counsel the Debtor in connection with the formulation,
negotiation, and prosecution of a plan of reorganization and
related documents; and

    h. Perform all other legal services for and on behalf of the
Debtor which may be necessary or appropriate in the administration
of this Chapter 11 case.

NPM will charge the Debtor for legal services on an hourly basis in
accordance with its ordinary and customary hourly rates for cases
of this nature.

NPM has received a retainer in the amount of $10,000.

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

Douglas S. Skalka, principal of the law firm Neubert, Pepe &
Monteith, PC, assured the Court that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code and does not represent any interest adverse to the Debtor and
its estates.

NPM may be reached at:

     Douglas S. Skalka
     Neubert, Pepe & Monteith, PC
     195 Church Street, 13th Floor
     New Haven, CT 06510
     Tel: (203)821-2000
     E-mail: dskalka@npmlaw.com

                About Success, Inc.

Success, Inc. filed a chapter 11 petition (Bankr. D. Conn. Case No.
16-50884) on July 1, 2016.  The petition was signed by Gus
Curcio, Sr., president.  The Debtor is represented by Douglas S.
Skalka, Esq., at Neubert, Pepe, and Monteith, P.C.  The case is
assigned to Judge Julie A. Manning.  The Debtor estimated assets
and debts at $1 million to $10 million at the time of the filing.


SUCN. PEDRO: Hires Carlos A. Piovanetti Dohnert as Attorney
-----------------------------------------------------------
Sucn. Pedro Bigay Inc.,seeks authorization from the U.S. Bankruptcy
Court for the District of Puerto Rico to employ Carlos A.
Piovanetti Dohnert as Attorney.

On June 20, 2016, Debtor file a motion to inform and request for
resignation of the Legal Representation of Santiago, Malavet &
Santiago, PSC.

On June 23, 2016, the request was granted, thus, Debtor was allowed
30 days to seek new legal representation.

The Debtor has retained the services of Carlos A. Piovanetti
Dohnert to represent in all proceedings pending before the court.

Carlos A. Piovanetti Dohnert will be paid at the rate of $175 per
hour, plus expenses.

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

Carlos A. Piovanetti Dohnert may be reached at:

       Carlos A. Piovanetti Dohnert
       Banco Cooperative, Suite 804-B
       623 Ponce de Leon Ave.
       San Juan, PR 00917
       Tel: (787)758-1835
       Fax: (787)758-2659

              About Sucn. Pedro Bigay Inc.

Sucn. Pedro Bigay Inc. filed a Chapter 11 bankruptcy petition
(Bankr. D.P.R. Case No. 16-00055) on January 8, 2016.  Jesus
Santiago Malavet, Esq., at Santiago Malavet and Santiago Law Office
initially served as bankruptcy counsel to the Debtor.  The firm
later resigned and the Debtor retained Carlos A. Piovanetti
Dohnert.


SUNEDISON INC: Exclusivity Periods Extended Through Nov. 17
-----------------------------------------------------------
Judge Stuart M. Bernstein of the U.S. Bankruptcy Court for the
Southern District of New York extended SunEdison, Inc., et al.'s
periods during which they may file a chapter 11 plan and solicit
acceptances thereto, through November 17, 2016 and January 16,
2016, respectively.

A full-text copy of the Order, dated August 11, 2016, is available
at https://is.gd/Y4hJTo

                   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 Jay M. Goffman, Esq., Eric J. Ivester, Esq.,
James J. Mazza, Jr., Esq., and Louis S. Chiappetta, Esq., at
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: Selling Interests in Minnesota Projects for $80M
---------------------------------------------------------------
SunEdison, Inc., and affiliated sellers ask the U.S. Bankruptcy
Court for the Southern District of New York to authorize their
proposed bidding procedures for the sale of equity interests in
certain project companies to SoCore MN Acquisition LLC for
$79,804,159, subject to certain adjustments and overbid.

A hearing on the Motion is set for Aug. 18, 2016 at 10:00 a.m.
(PET).  The objection deadline is on Aug. 16, 2016 at 4:00 p.m.
(PET)

Through its large commercial and industrial segment
("C&I")--SunEdison has 22 C&I projects under development in the
State of Minnesota ("Minnesota Projects").  These projects include
15 self-developed projects and 7 additional projects that have been
co-developed with Ecoplexus, Inc. ("Ecoplexus") under the terms of
a prior agreement ("Ecoplexus PSA").  The Minnesota Projects will
provide 136 MW of power upon reaching their commercial operation
dates and are located in a cold weather state with a project
construction season dictated by the freeze and thaw cycles at
project sites.  Furthermore, under current Minnesota Public Utility
Commission ("MNPUC") guidelines, which sets commercial operation
date ("COD") deadlines from the time an application is "deemed
complete," over 2/3 of the Minnesota Projects have hard COD
deadlines expiring in May-June 2017.  Although a recent unofficial
decision by MNPUC may extend this timeline, there is no certainty
that the current COD deadlines can be officially extended.  The
combination of the seasonal construction requirements and the
second quarter 2017 completion deadline required Seller to move
quickly to sell the Minnesota Projects by October 2016 to allow the
buyer to effectively plan, stage, and execute on the construction
of the Minnesota Projects in total.

SunEdison began an extensive marketing process for the sale of the
equity interests in October 2015.  At that time, SunEdison received
twelve bids, from which it selected six bidders, including the
Stalking Horse Buyer, to participate in further discussions.
SunEdison determined that the Stalking Horse Buyer's bid was the
most attractive because, among other reasons, it offered the
highest purchase price and provided substantially greater certainty
with respect to financing, execution, and consummation of the
proposed transactions, due to its backing by Edison International,
a publicly-traded utility company with a market capitalization of
$25 billion.

As a result of the marketing and sales process that has transpired,
and the extensive arm's-length negotiations among the parties, the
seller believes that the sale of the equity interests to the
Stalking Horse Buyer or to any other Successful Bidder at the
Auction ("Successful Bidder") will maximize the value of the
seller's estate for the benefit of all its creditors, its
stakeholders, and other parties in interest.

The Debtors entered into a Purchase and Sale Agreement dated as of
Aug. 10, 2016 ("Staking Horse Agreement") with stalking horse buyer
SoCore MN Acquisition for the purchase of the equity interests.

The Stalking Horse Agreement contemplates the sale of the equity
interests in the companies that own the Minnesota Projects
("Project Companies") to the Stalking Horse Buyer for a total of
$79,804,159, subject to certain adjustments, and is comprised of a
$57,972,159 development fee, reimbursement of $9,500,000 of
deposits under the State of Minnesota's Community Solar Garden
Program, and reimbursement of $12,332,300 in interconnection costs
previously paid for by the Debtors.

Critical to the Stalking Horse Buyer's agreement to enter the
Stalking Horse Agreement, the Seller has agreed to pay the Stalking
Horse Buyer: (a) documented actual, reasonable out-of-pocket costs
and expenses (including fees and expenses of counsel) incurred by
Buyer or its affiliates (other than seller) in connection with the
negotiation, documentation and implementation of the Stalking Horse
Buyer's agreement and the transactions and all proceedings incident
thereto and appeals therefrom, up to a maximum amount of $1,250,000
and (b) a break-up fee of up to 2.6% of the Purchase Price or
$2,100,000, subject to reduction to $1,525,000 in the event that 6
projects on properties where interim land use permits have been
issued, but conditional land use permits have not been issued ("IUP
Projects"), are no longer subject to exclusivity ("Bid
Protections").  Interim use permits are, for various reasons,
inferior to conditional use permits and may be subject to
discretionary revocation by the issuing municipality. For that
reason, IUP Projects are treated differently under the Stalking
Horse Buyer's agreement, allowing the sellers to continue to market
the IUP Projects beginning on 30 days after the Stalking Horse
Buyer's agreement date.

The Debtors submit that the seller's ability to offer the Bid
Protections enables it to ensure the sale of the equity interests
to the Stalking Horse Buyer at a price it believes to be fair
while, at the same time, providing it with the potential of even
greater benefit to its estate.

Given the extensive marketing of the equity interests to date, the
Debtors believe that the bidding process affords the Debtors a
sufficient opportunity to maximize the value of a sale of the
equity interests to their estates.

The Bidding Procedures establish these key dates for the bidding:

   a. Objection Deadline for Sale Motion: Sept. 15, 2016 by 4:00
p.m. (PET)

   b. Bid Deadline: No later than Sept. 16, 2016 at 4:00 p .m.
(EST)

   c. Auction: Sept. 20, 2016 at the offices of Skadden, Arps,
Slate, Meagher & Flom LLP, Four Times Square, New York, NY.

   d. Sale Hearing: Sept. 22, 2016 at 10:00 a.m. (EST)

   e. Auction and Auction Procedures: Subsequent bids must provide
a net value to the estate of at least an additional $200,000 above
the prior bid.

   f. Bid Protections: $3,350,000

   g. Purchase Price: $79,804,159, subject to certain purchase
price adjustments and closing.

The seller, SunE MN Development, LLC, owns all the equity interests
contemplated to be transferred under the Stalking Horse Agreement,
but SunE Minnesota Holdings, LLC and SunE MN Development Holdings,
LLC each transferred assets to the Project Companies prior to the
Aug. 10, 2016 Petition Date. Accordingly, the Stalking Horse Buyer
would not execute the Stalking Horse Agreement unless each of
August 10 Case Debtors commenced a proceeding in the Chapter 11
Cases and provided releases to provide finality to the sale of the
equity interests.  The Chapter 11 Cases are being jointly
administered under Case No. 16-10992.

In connection with the Stalking Horse Agreement, the Debtors seek
approval of that certain settlement agreement by and between
Ecoplexus and Sun Edison, LLC, dated Aug. 10, 2016 ("Ecoplexus
Settlement Agreement"), The Ecoplexus Settlement Agreement resolves
certain claims related to a Ecoplexus PSA, dated Sept. 30, 2015, by
and between Ecoplexus, as seller, and Sun Edison LLC, as buyer. Sun
Edison, LLC first acquired certain of the equity interests, among
other project companies, from Ecoplexus pursuant to the Ecoplexus
PSA.  Additionally, Sun Edison, LLC acquired the rights to the
refunds of any deposits made by Ecoplexus to Xcel Energy, Inc.
("Xcel"), an interconnection utility, on behalf of any of the
acquired project companies under the Exoplexus PSA.

Since the Stalking Horse Agreement contemplates the sale of
projects acquired under the Ecoplexus PSA, the Debtors must finally
seek to resolve their claims with Ecoplexus thereunder, designating
which projects will be accepted or rejected, and allocating the
refunds of any interconnection deposits held by Xcel.

To fully and finally resolve all claims under the Ecoplexus PSA,
the Debtors and Ecoplexus entered into the Ecoplexus Settlement
Agreement, which designates certain projects as accepted, others as
rejected, and includes the payment of up to $0.12 per DC Watt of
capacity of Accepted Projects (as defined in the Ecoplexus
Settlement Agreement, and which are estimated to be approximately
$5,150,000 in aggregate) to Ecoplexus from the proceeds of the
Stalking Horse Agreement as each Accepted Project reaches NTP.
Since these terms resolve all outstanding claims under the
Ecoplexus PSA, the Ecoplexus Settlement Agreement contains a mutual
release of all claims arising out of, or related thereto.

A copy of the Bidding Procedures and Ecoplexus PSA attached to the
Motion is available for free at:

     http://bankrupt.com/misc/SunEdison_Inc_961_Sales.pdf

                     About SunEdison, Inc.

SunEdison, Inc., (OTC PINK: SUNEQ) is a developer and seller of
photovoltaic energy solutions, an owner and operator of clean
power
generation assets, and a global leader in the development,
manufacture and sale of silicon wafers to the semiconductor
industry.

On April 21, 2016, SunEdison, Inc., and 25 of its affiliates each
filed a Chapter 11 bankruptcy petition (Bankr. S.D.N.Y. Case Nos.
16-10991 to 16-11017).  Martin H. Truong signed the petitions as
senior vice president, general counsel and secretary.

The Debtors disclosed total assets of $20.71 billion and total
debts of $16.14 billion as of Sept. 30, 2015.

The Debtors have hired Skadden, Arps, Slate, Meagher & Flom LLP as
counsel, Togut, Segal & Segal LLP as conflicts counsel, Rothschild
Inc. as investment banker and financial advisor, McKinsey Recovery
& Transformation Services U.S., LLC, as restructuring advisors and
Prime Clerk LLC as claims and  noticing agent.  The Debtors
employed PricewaterhouseCoopers LLP as financial advisors; and
KPMG
LLP as their auditor and tax consultant.

An official committee of unsecured creditors has been appointed in
the case.  The committee tapped Weil, Gotshal & Manges LLP as its
general bankruptcy counsel and Morrison & Foerster LLP as special
counsel.


SUNEDISON INC: Selling Interests in Project Companies for $144M
---------------------------------------------------------------
SunEdison, Inc., and affiliates, ask the U.S. Bankruptcy Court for
the Southern District of New York to authorize proposed bidding
procedures for the sale of equity interests in certain North
American utility project companies to NRG Renew LLC for
$144,000,000, subject to overbid.

A hearing on the Motion is set for Aug. 18, 2016 at 10:00 a.m.
(PET).  The objection deadline is Aug. 16, 2016 at 4:00 p.m.
(PET).

SunEdison is in the business of developing, constructing, financing
and selling solar, wind and other renewable energy systems across
the following business units: (i) residential and small commercial;
(ii) large commercial and industrial; (iii) utility scale
("Utility"); (iv) global asset management; and (v) the Solar
Materials Business Unit.

As part of the Utility business, the Debtors own certain direct or
indirect (as applicable) equity or membership interests ("Equity
Interests") in project companies ("Project Companies") owning
certain utility scale projects ("Projects").  The Projects are held
through the Project Companies comprised of each of the
Utah/Development Group, the Hawaii Group or the Buckthorn Group,
respectively.

Prior to execution of the Stalking Horse Agreement, in connection
with a potential sale process for the Equity Interests as well as
other assets of the company, Rothschild identified and developed a
list of potentially interested parties and solicited such parties'
interest in a sale transaction.

As a result of the robust marketing and sales process that has
transpired, and the extensive arm's-length negotiations among the
parties, the Debtors believe that the sale of the Equity Interests
to stalking horse buyer NRG Renew LLC or to any other prevailing
purchaser at the auction will maximize the value of the Debtors
estates for the benefit of all their creditors, their stakeholders,
and other parties in interest.

The Debtors and Stalking Horse Buyer entry into an Purchase and
Sale Agreement ("Stalking Horse Agreement") dated as of Aug. 8,
2016.

Subject to section 7.11 of the Stalking Horse Agreement, which
provides a limited "go dark" period from the date of execution of
the Stalking Horse Agreement until the Court enters the Bidding
Procedures Order, the Debtors will continue to market the Equity
Interests until the bid deadline and will permit interested parties
to participate in the bidding process.

Specifically, the purchase price in the Stalking Horse Agreement is
for $144,000,000, which amount will be allocated and payable at the
applicable closing in  proportion to each package, plus certain
earn-out payments following the closings and less certain potential
purchase price reductions.

Critical to the Stalking Horse Buyer's agreement to enter the
Stalking Horse Agreement, the Debtors have agreed to pay the
Stalking Horse Buyer (a) reasonable documented out-of-pocket costs
and expenses (including expenses of outside counsel, accountants
and financial advisors) incurred by the Stalking Horse in
connection with or related to its evaluation, diligence,
negotiation, and documentation of a possible transaction with any
seller or in connection with or related to the transactions
contemplated by the Stalking Horse Agreement, up to a maximum
amount of $4,500,000, and (b) $5,500,000 break-up fee ("Bid
Protections").

The Debtors submit that the Bid Protections enables them to ensure
the sale of the Equity Interests to the Stalking Horse Buyer at a
price they believe to be fair while, at the same time, providing
them with the potential of even greater benefit to the estates.

The Bidding Procedures are designed to maximize value for the
Debtors' estates, while ensuring an orderly sale process consistent
with the timeline available to the Debtors under the Stalking Horse
Agreement. The Debtors believe that the bidding process affords
them a sufficient opportunity to maximize the value of a sale of
the Equity Interests to their estates.

The Bidding Procedures establish the following key dates for the
bidding process:

   a. Bid Deadline: no later than Sept. 6, 2016 at 4:00 p.m. (EST)

   b. Auction: Sept. 9, 2016 at 10:00 a.m. (EST) at the offices of
Skadden, Arps, Slate, Meagher & Flom LLP, Four Times Square, New
York, NY.

   c. Sale Hearing: on Sept. 15, 2016 at 10:00 a.m. (EST)

A copy of the Bidding Procedures and the list of acquired Entity
Interests to be sold attached to the Motion is available for free
at:

      http://bankrupt.com/misc/SunEdison_Inc_942_Sales.pdf

                     About SunEdison, Inc.

SunEdison, Inc., (OTC PINK: SUNEQ) is a developer and seller of
photovoltaic energy solutions, an owner and operator of clean power
generation assets, and a global leader in the development,
manufacture and sale of silicon wafers to the semiconductor
industry.

On April 21, 2016, SunEdison, Inc., and 25 of its affiliates each
filed a Chapter 11 bankruptcy petition (Bankr. S.D.N.Y. Case Nos.
16-10991 to 16-11017).  Martin H. Truong signed the petitions as
senior vice president, general counsel and secretary.

The Debtors disclosed total assets of $20.71 billion and total
debts of $16.14 billion as of Sept. 30, 2015.

The Debtors have hired Skadden, Arps, Slate, Meagher & Flom LLP as
counsel, Togut, Segal & Segal LLP as conflicts counsel, Rothschild
Inc. as investment banker and financial advisor, McKinsey Recovery
& Transformation Services U.S., LLC, as restructuring advisors and
Prime Clerk LLC as claims and  noticing agent.  The Debtors
employed PricewaterhouseCoopers LLP as financial advisors; and KPMG
LLP as their auditor and tax consultant.

An official committee of unsecured creditors has been appointed in
the case.  The committee tapped Weil, Gotshal & Manges LLP as its
general bankruptcy counsel and Morrison & Foerster LLP as special
counsel.


SUNPOWER BY RENEWABLE ENERGY: Wants Authority to Use Cash
---------------------------------------------------------
Sunpower by Renewable Energy Electric, Inc., asks the U.S.
Bankruptcy Court for the District of Nevada for authorization to
use cash collateral.

The Debtor is indebted to:

     Secured Creditor                          Amount
     ----------------                          ------
     Strategic Funding Source, Inc.          $750,000
     SBF Financing and Technology, LLC        $69,000
     Pearl Capital                           $160,000

The Debtor tells the Court that it depends on the revenues from its
solar business, in part, to maintain its business operations,
payroll and all other necessary expenses for the business.  The
Debtor anticipates that over the next six months, the revenues
generated will be sufficient to maintain and fund the expenses of
the business.  

The Debtor contends that it will be unable to maintain its solar
business and the income stream generated therefrom, if it is denied
the ability to use the revenues.  The Debtor further contends that
without the ability to use the Cash Collateral, including the
revenues, the Debtor will be forced to abandon its solar business
to the detriment of the Debtor’s estate, its creditors and other
parties in interest.

The Debtor's proposed Budget covers August 2016 through February
2017.  The Budget provides for total expenses in the amount of
$4,245,000.

The Debtor proposes to grant the secured creditors replacement
liens and security interests to the extent of any diminution in
value of the Prepetition Collateral.

The Debtor relates that certain of its contractors, who supply the
Debtor with certain materials and work on the real property, may
have the right to assert liens on the Debtor’s assets.  The
Debtor proposes that to the extent the Debtor uses Cash Collateral,
such contractors or entities other than the secured creditors, that
hold valid, duly perfected, non-avoidable liens that are  superior
to all other liens on the relevant collateral, be granted
replacement liens on the proceeds of such Other Lienholders’
collateral, to the extent of the diminution of value of such
collateral, which liens shall have the same priority, validity,
force and effect as the lien that they replace, subject to all
defenses, claims and counterclaims the Debtor may have against such
liens or the claims underlying such liens and to the rights and
security interests granted to any debtor in possession lender.

A full-text copy of the Debtor's Motion, dated August 12, 2016, is
available at https://is.gd/qHmXuM

Sunpower by Renewable Energy Electric, Inc. is represented by:

          Samuel A. Schwartz, Esq.
          Bryan A. Lindsey, Esq.
          SCHWARTZ FLANSBURG PLLC
          6623 Las Vegas Blvd. South, Suite 300
          Las Vegas, NV 89119
          Telephone: (702) 385-5544

Strategic Funding Source, Inc. can be reached at:

          STRATEGIC FUNDING SOURCE, INC.
          Acct No xx5122
          120 West 45th Street
          New York, NY 10036

Pearl Gamma Funding, LLC can be reached at:

          PEARL GAMMA FUNDING, LLC
          c/o Ariel Bouskila, Esq.
          MCA Servicing - Counsel
          40 Exchange Place, Suite 1306
          New York, NY 10005

SBF Finance and Technology LLC can be reached at:

          SBF Finance and Technology LLC
          2200 Renaissance Blvd., Ste 170
          King of Prussia, PA 19406-2794          
              
            About Sunpower by Renewable Energy Electric, Inc.

Sunpower by Renewable Energy Electric, Inc. filed a chapter 11
petition (Bankr. D. Nev. Case No. 16-14459-led) on August 12, 2016.
The Debtor is represented by Samuel A. Schwartz, Esq. and Bryan A.
Lindsey, Esq., at Schwartz Flansburg PLLC.

The Debtor is a solar energy company and provides solar energy
services, including the assessment and installation of solar panels
to residential and commercial customers in Nevada, Arizona and
California.



SYNCARDIA SYSTEMS: Says It's Not Heading Out of the Market
----------------------------------------------------------
French artificial heart maker Carmat's chief executive officer,
Marcello Conviti, was quoted regarding SynCardia Systems, Inc. and
the SynCardia temporary Total Artificial Heart (TAH-t) in an August
3, 2016 article published by Seeking Alpha.  This response from
SynCardia is to correct erroneous information in the article.

"SynCardia's machine works quite well, but it's a very old machine
with a big air compressor . . . I'm not surprised that they're
heading out of the market," said Marcello Conviti.

SynCardia states it is not heading out of the market that it
dominates through superior clinical results.

Here are specifics on SynCardia's reorganization:

On August 2, 2016, the judge overseeing the Company's Chapter 11
reorganization approved the following:

SynCardia is on track to serve SynCardia Certified Centers for
years to come. SynCardia's plans include the following
initiatives:

CLINICAL SUCCESS

SynCardia agrees with Conviti's quote that the SynCardia Total
Artificial Heart "works quite well."  From 1969 through August 5,
2016 there have been 1,688 implants of many different Artificial
Heart designs in people.  The SynCardia accounts for 1,625 of those
artificial hearts implanted.  There are 113 SynCardia Certified
Centers worldwide, 13 of which are located in France.  There are
more than 400 SynCardia implants for each one Carmat implant.
SynCardia patients have over 550 patient years of support and
Carmat has less than two patient years.

The International Society for Heart and Lung Transplantation
(ISHLT) recently issued the first annual report of its Mechanically
Assisted Circulatory Support (IMACS) registry.  The global registry
monitors the outcomes of patients receiving durable mechanical
circulatory support (MCS) devices in all countries and hospitals
wishing to participate.

According to the latest statistics in the IMACS report, 73.5% of
patients implanted with the SynCardia Artificial Heart were either
alive on the device (26.3%) or were transplanted (47.2%) at six
months.  This is the highest bridge to transplant rate for any
durable device.

NEW TECHNOLOGY

According to SynCardia, Conviti's quote, "But it's a very old
machine with a big air compressor," is outdated.  The SynCardia
Artificial Heart is powered by precisely calibrated pulses of air
produced by SynCardia drivers.  The drivers that powered the
SynCardia Artificial Hearts have come a long way since the large
first-generation drivers.

Over the last six years SynCardia has received regulatory approval
by the CE Mark for Europe, Health Canada, and FDA in the U.S., for
both the new Companion 2 hospital driver and Freedom(R) portable
driver.  The 50cc SynCardia Heart was approved for use in Europe on
December 24, 2014.

During the same time period, over 200 clinically stable SynCardia
Artificial Heart patients have benefited from the nearly unlimited
mobility offered by the SynCardia Freedom(R) portable driver. These
patients have been discharged from the hospital to enjoy life at
home and in their communities.  This helps patients get in better
shape for their eventual donor heart transplant.

        About the SynCardia temporary Total Artificial Heart

The SynCardia TAH-t is an implantable system designed to assume the
full function of a failed human heart in patients suffering from
end-stage biventricular (both sides) heart failure.

The SynCardia TAH-t is the only total artificial heart that is
commercially available in the United States, European Union and
Canada for use as a bridge to donor heart transplantation.

More than 1,625 implants of the SynCardia Total Artificial Heart
account for over 550 patient years of life on the device. Since
January 2012 more than 600 SynCardia Hearts have been implanted.

The youngest patient to receive a SynCardia Heart was 9 years old;
the oldest was 80 years old. The longest a patient has lived with a
SynCardia Heart and received a successful donor heart transplant
was nearly four years (1,373 days).

SynCardia Systems also manufactures the Freedom(R) portable driver,
which powers the SynCardia Heart while allowing clinically stable
patients to be discharged from the hospital and live at home and in
their communities.  The Freedom(R) portable driver has been used by
more than 290 patients, accounting for over 190 patient years of
support.

                      About SynCardia Systems

SynCardia Systems, Inc., a medical technology company, sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Del.
Case No. 16-11599) on July 1, 2016.  The petition was signed by
Stephen Marotta, chief restructuring officer.

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

The Debtor filed for bankruptcy protection months after a failed
launch of an initial public offering of its common stock which
resulted in a liquidity shortfall.

SynCardia, a privately-held company with global headquarters and
manufacturing in Tucson, Arizona, is focused on developing,
manufacturing and commercializing the SynCardia temporary Total
Artificial Heart, or TAH-t, an implantable system designed to
assume the full function of a failed human heart in patients
suffering from advanced heart failure.

SynCardia Systems employed Olshan Frome Wolosky LLP and Young
Conaway Stargatt & Taylor, LLP as co-counsel.   Ankura Consulting
Group, LLC provides interim management services, and the firm's
Stephen Marotta acts as chief restructuring officer and B. Lee
Fletcher as assistant restructuring officer.  Canaccord Genuity
Inc. serves as investment banker, and Rust Consulting/Omni
Bankruptcy serves as claims and administrative agent.

The Office of the U.S. Trustee has appointed three creditors of
SynCardia Systems, Inc., to serve on the official committee of
unsecured creditors.  The Committee tapped Shaw Fishman Glantz &
Towbin LLC as counsel, Arent Fox LLP as co-counsel, and
Gavin/Solmonese LLC as financial advisor.


SYNCARDIA SYSTEMS: Sindex-Led Auction on Sept. 14
-------------------------------------------------
In a notice with the U.S. Bankruptcy Court for the District of
Delaware, SynCardia Systems, Inc., said it proposes to enter into
an Asset Purchase Agreement ("Stalking Horse APA"), dated as of
July 1, 2016, to sell its assets, including claims of the Debtor
against its current directors and officers ("Assets"), to Sindex
SSI Lending, LLC for $19,150,000, or to the successful bidder at an
auction to be held in September 2016.

The auction will be held on Sept. 14, 2016 at 10:00 a.m. (PET) at
the offices of counsel for the Debtor, Young Conaway Stargatt &
Taylor, LLP, Rodney Square, 1000 North King Street, Wilmington,
Delaware.  The deadline for initial bids is on or before Sept. 13,
2016 at 5:00 p.m. (PET).

On July 1, 2016, the Debtor filed a Motion Pursuant To 11 U.S.C.
Sec. 105(A), 363, 365 And Fed. R. Bankr. P. 2002, 6004, 6006 For
(A) Order (i) Establishing Bidding Procedures Relating To The Sale
Of (1) The Debtor's Business And (2) Any Or All Of The Debtor's
Assets; (ii) Approving Bid Protections In Connection With The Sale
Of The Debtor's Business; (iii) Establishing Procedures Relating To
The Assumption And Assignment Of Certain Executory Contracts And
Unexpired Leases, Including Notice Of Proposed Cure Amounts; (iv)
Approving Form And Manner Of Notice Of All Procedures, Protections,
Schedules, And Agreements; (v) Scheduling A Hearing To Consider The
Proposed Sales; And (vi) Granting Certain Related Relief And (B) An
Order (i) Authorizing The Sale Of The Debtor's Assets Free And
Clear Of All Liens, Claims, Encumbrances, And Interests; (ii)
Authorizing The Assumption And Assignment Of Certain Executory
Contracts And Unexpired Leases; And (iii) Granting Certain Related
Relief ("Sale Motion") with Court.  On Aug. 5, 2016, the Court
entered a Bidding Procedures Order related to the Sale Motion.

A hearing on the Sale Motion and the contemplated sale is set for
Sept. 16, 2016 at 10:00 a.m.  The objection deadline is Sept. 9,
2016 at 4:00 p.m. (PET).

                     About SynCardia Systems

SynCardia Systems, Inc., a privately-held company with global
headquarters and manufacturing in Tucson, Arizona, is focused on
developing, manufacturing and commercializing the SynCardia
temporary Total Artificial Heart, or TAH-t, an implantable system
designed to assume the full function of a failed human heart in
patients suffering from advanced heart failure.

SynCardia Systems sought Chapter 11 protection (Bankr. D. Del.
Case
No. 16-11599) on July 1, 2016.

The Debtor tapped Olshan Frome Wolosky, LLP, as bankruptcy
counsel;
Young, Conaway, Stargatt & Taylor, LLP as Delaware counsel;
Stephen
Marotta of Ankura Consulting Group as restructuring advisor;
Canaccord Genuity, Inc., as investment banker; and Rust
Consulting/Omni Bankruptcy as claims and noticing agent.

The Debtor estimated assets and debt of $10 million to $50 million.


TAG FINANCIAL: Accord Financial Objects to Cash Collateral Use
--------------------------------------------------------------
Accord Financial, Inc., objects to TAG Financial Services, Inc.'s
use of cash collateral, and asked the U.S. Bankruptcy Court for the
Northern District of Georgia to convert or dismiss TAG's bankruptcy
case.

Accord Financial tells the Court that the case was filed in bad
faith and for no other purpose than frustrating it from exercising
its legitimate rights and remedies under applicable law.  Accord
Financial further tells the Court that it opposes the use of Cash
Collateral due to the massive misconduct and dishonesty perpetrated
by the Debtor and its principals.

Accord Financial accuses the Debtor of these acts of fraud,
malpractice and dishonesty:

     (1) Misappropriation of a $200,000 over-advance made by Accord
Financial which was intended to fund the Debtor’s buy-back
obligations to facilitate a portfolio sale to a third party.  The
portfolio sale would have resulted in approximately $2.0 million
being paid to Accord Financial.  Instead of using the $200,000 for
the intended purpose, the Debtor paid off one of its purported
unsecured creditors;

     (2) Conversion of Accord Financial's collateral, required to
be deposited by the Debtor into a collection account established
for Accord Financial under a Loan Agreement, by causing such
collateral to be deposited into another account controlled by the
Debtor, to Accord Financial's exclusion.  Accord Financial believes
the funds instead were used to make payments to person and entities
other than Accord Financial, in direct contravention and violation
of the Loan Agreement and to Accord Financial's loss and detriment;


     (3) Willful violation of the prepetition state court Consent
Order appointing a Receiver by causing Accord Financial's cash
collateral to be redirected and deposited in its account instead of
the Receiver’s account all in blatant contravention of express
terms of the Consent Order which (i) required the Debtor to
turnover and not otherwise convert or dispose of Accord
Financial’s collateral; and (ii) restrained the Debtor from
disposing of, transferring, conveying, or otherwise encumbering all
or any portion of the Collateral or any other property related to
the Collateral;
and

     (4) Continued willful violation of the prepetition state court
Order appointing the Receiver by refusing to provide the Receiver
with passwords and keys to file cabinets, and upon follow up
request refusing to do so despite express terms of the Order which
provided that the Receiver was to have control over all access
codes, passwords, encryption codes, and information necessary or
important to access and obtain information stored on the Debtor’s
computers; and by continuing to contact employees regarding ongoing
operations and attempting to direct activities.

Accord Financial submits that the Debtor's fraud has created such a
material shortage of collateral in relationship to the outstanding
loan balance that no lender could pay-off Accord Financial.  Accord
Financial tells the Court that an audit by any prospective lender
would undoubtedly uncover the Debtor's conversion of proceeds,
making the credit impossible.  It further tells the Court that the
Debtor has engaged in such a pattern and practice of fraud,
dishonesty, incompetence and gross mismanagement of their affairs
that no lender will provide the take-out financing which the
Debtors seek.

A full-text copy of Accord Financial's Objection, dated Aug. 12,
2016, is available at https://is.gd/hEMTmw

                About TAG Financial Services

TAG Financial Services, Inc., filed a chapter 11 petition (Bankr.
N.D. Ga. Case No. 16-63803) on August 8, 2016.  The petition was
signed by Wayne Daniel, president and COO.  The Debtor is
represented by Michael D. Robl, Esq., at Robl Law Group LLC.  The
Debtor disclosed total assets of $6.3 million and total debt of
$6.67 million.


TURKEYFOOT LAKE: Hires Lou-Ray Associates as Accountant
-------------------------------------------------------
Turkeyfoot Lake Road Land Holding, LLC seeks authorization from the
U.S. Bankruptcy Court for the Northern District of Ohio to employ
of John Herman CPA of Lou-Ray Associates as accountant for the
Debtor.

The Debtor states that the services of John Herman CPA are
necessary so as to assist the Debtor in proceeding under Chapter 11
and in the administration of the estate.  The services will
include, but not limited to, tax preparation of the Debtor's Estate
and preparation of financial statements.

Lou-Ray Associates will be paid at these hourly rates:

      John Herman, CPA             $225
      Staff                        $125

John Herman, CPA, CEO of Lou-Ray Associates, assured the Court that
the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtor and its estates.

Lou-Ray Associates may be reached at:

      John Herman, CPA
      Lou-Ray Associates
      1378 Pearl Road
      Brunswick, OH 44212
      Tel: (330)220-1999
      Fax: (330)220-1378
      E-mail: john@louray.com

         About Turkeyfoot Lake Road Land Holdings, LLC



Turkeyfoot Lake Road Land Holdings, LLC filed a chapter 11 petition
(Bankr. N.D. Ohio Case No. 16-51653) on July 12, 2016.  The Debtor
has operated as a Motel under the name of Steve's Motel with
approximately 20 units since 2008.  

The case is assigned to
Judge Alan M. Koschik. The Debtor is represented by David A.
Mucklow, Esq.


TUSCANY ENERGY: Has Until Sept. 10 to Use Cash Collateral
---------------------------------------------------------
Judge Erik P. Kimball of the U.S. Bankruptcy Court for the Southern
District of Florida, authorized Tuscany Energy, LLC, to use cash
collateral until Sept. 10, 2016.

The approved Budget covers the period from Aug. 11 to Sept. 10,
2016.  It projects total operating expenses in the amount of
$46,142 and total administrative expenses in the amount of $5,200.

Secured creditor Armstrong Bank was granted replacement liens to
the same extent and priority that Armstrong Bank held prepetition.


The Debtor was directed to maintain the dollar value of $141,000 in
cash and $76,000 in accounts receivable so that on the date of the
Interim Hearing, the Debtor will have at least a total of
$217,000.00 in cash on hand and accounts receivable.

An interim hearing on the use of cash collateral is scheduled on
Sept. 7, 2016 at 2:00 p.m.
  
A full-text copy of the Order, dated Aug. 12, 2016, is available at
https://is.gd/KFxe9m
              
                        About Tuscany Energy
  
Tuscany Energy LLC 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.


UNIVERSAL NUTRIENTS: Can Get DIP Loan From Exeter International
---------------------------------------------------------------
Judge Mark X. Mullin of the U.S. Bankruptcy Court for the Northern
District of Texas authorized Universal Nutrients, LLC, to obtain
postpetition financing from Exeter International, LLC, on an
interim basis.

The postpetition financing is in the form of a revolving line of
credit up to $1,960,000 and a roll-up, inclusive of any amounts
outstanding under the Credit Facility between the Debtor and Exeter
International.

The Debtor related that it has an immediate need to obtain
postpetition financing to, among other things, permit the orderly
continuation of the operation of its businesses, minimize the
disruption of its business operations, and preserve and maximize
the value of its assets in order to maximize the recovery to all
creditors of the Debtor.  The Debtor further related that it is
unable to obtain financing from sources other than Exeter
International, on terms more favorable than their Post-petition
Credit Agreement, as any alternative financing source would require
a priming lien and extensive litigation.

Exeter International was granted valid, binding, enforceable,
non-avoidable and automatically and properly perfected postpetition
security interests and liens in and upon all of the Collateral.

The Debtor was authorized to use, until the expiration of Exeter
International's  commitment to lend under the Post-petition Credit
Agreement, cash collateral, subject to the prepetition liens and
security interests granted to the Prepetition Lender.

Exeter International was granted a replacement lien to secure the
Prepetition Credit Obligations on the Prepetition Collateral for
and to the extent of the postpetition use of Prepetition Collateral
and proceeds thereof and for any postpetition diminution in value
of Prepetition Collateral.  Exeter International was also granted
an allowed superpriority administrative expense claim in the Case
and any conversion thereof to a case under chapter 7 to the extent
of the diminution in value of its interests in the Pre-Petition
Collateral.

The final hearing on the Debtor's Motion is scheduled on Sept. 1,
2016 at 1:30 p.m.  The deadline for the filing of objections to the
Debtor's Motion is set on Aug. 29, 2016.

A full-text copy of the Interim Order, dated August 12, 2016, is
available at https://is.gd/5kxi02
              
                   About Universal Nutrients

Universal Nutrients, LLC filed a chapter 11 petition (Bankr. N.D.
Tex. Case No. 16-43070) on August 5, 2016.  The petition was signed
by Chet Burks, manager.  The Debtor is represented by Richard W.
Ward, Esq.  The case is assigned to Judge Mark X. Mullin.  The
Debtor estimated assets and debts at $10 million to $50 million at
the time of the filing.

The Debtor is a Texas limited liability company engaged in the
business under the tradename of Uni*Well of manufacturing and
developing various nutraceutical products, OTC pharmaceuticals, and
specialty biochemicals with expertise in development and
fulfillment of productivity products, functional shots, sports
nutrition, nutrient deficiency products, elderly nutrition,
children's nutrition, gender-specific nutrition, energy products,
anti-stress products, anti-aging products, internal beauty
products, and condition-specific products in the form of liquids,
powders, gels, tablets, and capsules.  The Debtor has its principal
office at 14801 Sovereign Dr., Fort Worth, Texas 76155 and is a
wholly owned subsidiary of Universal Group Holdings, LLC, a Texas
limited liability company.


WESLEY MEDICAL: Unsecureds to Recoup 100% Under Plan
----------------------------------------------------
Wesley Medical Staffing, Inc., filed with the U.S. Bankruptcy Court
for the Northern District of California a first amended proposed
combined plan of reorganization and disclosure statement dated July
27, 2016.

Under the Plan, general unsecured creditors will be paid 100% of
allowed claims in monthly payments over 84 months.

Holders of Class 2(b) [Other] General Unsecured Claims will receive
100% of their allowed claim in 21 equal quarterly installments, due
on the last day of each calendar quarter, starting on Sept. 30,
2016.  The quarterly payment on disputed claims will be reduced,
without further court order, if claim is reduced, and the remaining
balance due at that time will, without further court order, be
re-amortized and paid over the remaining portion of the 21 quarter
term in equal installments so that the total amount due will be
paid within 21 quarters.  Creditors in this class may not take any
collection action against Debtor so long as Debtor is not in
material default under the Plan.  This class is impaired and is
entitled to vote on confirmation of the Plan.  The Debtor has
indicated above whether a particular claim is disputed.

Completed ballots must be received by Debtor's counsel, and
objections to confirmation must be filed by Aug. 26, 2016.  The
Court will hold a hearing on confirmation of the Plan on Sept. 8,
2016.

The Disclosure Statement is available at:

            http://bankrupt.com/misc/canb15-31557-81.pdf

Counsel to the Debtor can be reached at:

     Craig K. Welch, Esq.
     Law Offices of Craig K. Welch
     809 Petaluma Boulevard North
     Petaluma, CA 94952

Wesley Medical Staffing, Inc., filed for Chapter 11 bankruptcy
protection (Bankr. N.D. Cal. Case No. 15-31557) on Dec. 21, 2015.
Craig K. Welch, Esq., at the Law Office Of Craig K. Welch serves as
the Debtor's bankruptcy counsel.


WESTERN HIPERBARIC: Prexy Pays $4K Retainer to Bankruptcy Counsel
-----------------------------------------------------------------
Gloria Justiniano Irizarry, Esq., at Justiniano's Law Office
disclosed in a filing with the U.S. Bankruptcy court in Puerto Rico
that she received a retainer of $4,000 from the president and
equity holder of Western Hiperbaric Services, P.S.C.

Western Hiperbaric President Javier Sosa Faria paid the $4,000
retainer from his personal income, according to Ms. Irizarry, the
Debtor's legal counsel.

Ms. Irizarry further disclosed that the Debtor has agreed to pay
$200 per hour for her services, and reimburse her for work-related
expenses.    

                    About Western Hiperbaric

Western Hiperbaric Services, P.S.C. sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. D.P.R. Case No. 16-
04809) on June 16, 2016.


WISCONSIN DAIRY GOAT: Taps Honkamp as Accountant
------------------------------------------------
Southwestern Wisconsin Dairy Goat Products Cooperative seeks
approval from the U.S. Bankruptcy Court for the Western District of
Wisconsin to hire an accountant.

The Debtor proposes to hire Honkamp Krueger & Co., P.C. to assist
in the preparation and filing of tax returns, perform financial tax
analysis, and provide other accounting services.

Michael Welbes, a certified public accountant, was designated to
provide the services and will receive $345 per hour.  Meanwhile,
the hourly rates of other Honkamp professionals range from $110 to
$250.

Mr. Welbes and his firm do not hold any interest adverse to the
Debtor, and are "disinterested persons" as defined in section
101(14) of the Bankruptcy Code, according to court filings.

The Debtor is represented by:

     Eliza M. Reyes, Esq.
     Jennifer M. Schank, Esq.
     2901 W. Beltline Highway, Suite 301
     Madison, WI 53713
     Phone: 608-258-8555
     Fax: 608-258-8299
     Email: ereyes@ks-lawfirm.com
     Email: jschank @ks-lawfirm.com

                  About Southwestern Wisconsin

Southwestern Wisconsin Dairy Goat Products Cooperative sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. W.D.
Wis. Case No. 16-11994) on June 3, 2016.  The Debtor is represented
by Eliza M. Reyes, Esq., at Krekeler Strother, S.C.


WOMEN'S WELLNESS: Court Extends Plan Filing Deadline Until Nov. 14
------------------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Florida
extends the exclusive filing period of The Women's Wellness Center
of South Florida through and including November 14, 2016.

The Troubled Company Reporter has reported earlier that the Debtor
asks the Court to extend its exclusive filing period by 90 days
because the Debtor wishes to preserve the exclusivity period for an
additional 90 days to ensure it can make amendments to the Plan and
Disclosure Statement, if necessary, and have its plan confirmed
within the requested 90 day period, without the distraction and
potential adverse effect of competing plans filed by interested
parties.

According to the Debtor, it has made substantial progress in its
operations since the Petition Date, to wit: (a) the Debtor has
filed objections to the claims that the Debtor believes needs
resolution prior to finalizing the plan for repayment of its
obligations, and (b) the Debtor is in the process of finalizing its
Plan and Disclosure Statement and intends to file the Plan and
Disclosure Statement in the near future.

Counsel for The Women's Wellness Center of South Florida LLC:

       Gian Ratnapala, Esq.
       GCR BUSINESS LAW, PLLC
       1987 NE 15 Ave
       Fort Lauderdale, Florida 33305
       Telephone: (862) 368-7237
       Email: gian@gcrbl.com

            About Women's Wellness

The Women's Wellness Center of South Florida LLC filed a Chapter 11
petition (Bankr. S.D. Fla. Case No. 16-12189), on February 17,
2016. The Debtor's counsel is Gian C Ratnapala, Esq., of GCR
Business Law, PLLC, 1987 NE 15 Ave, Fort Lauderdale, Florida 33305.


XPO LOGISTICS: S&P Assigns 'BB-' Rating on New Term Loan Due 2021
-----------------------------------------------------------------
S&P Global Ratings assigned its 'BB-' issue-level rating and '1'
recovery rating to Greenwich, Conn.-based XPO Logistics Inc.'s
proposed term loan due 2021.  The '1' recovery rating indicates
S&P's expectation of very high (90%-100%) recovery for debtholders
in the event of a payment default.

XPO will use the proceeds from the term loan to refinance its
existing $1.6 billion term loan due 2021.  S&P will withdraw its
ratings on the $1.6 billion term loan following the close of this
transaction when it is fully repaid.

                           RECOVERY ANALYSIS

Key analytical factors

   -- S&P has completed a review of its recovery analysis
      following XPO's proposed refinancing of its existing senior
      secured term loan B.

   -- S&P assigned its 'BB-' issue-level rating and '1' recovery
      rating to the company's proposed senior secured term loan.
      S&P understands that the company will use all of the
      proceeds from this issuance to repay its existing term loan
      B.

   -- Once the transaction has been completed and the term loan
      has been repaid, S&P will withdraw its issue-level and
      recovery ratings on the existing term loan B facility.

Simulated default and valuation assumptions:

   -- Simulated year of default: 2019
   -- EBITDA at emergence: $700 million
   -- EBITDA multiple: 5.0x

Simplified waterfall:

   -- Net enterprise value (after 5% admin. costs): $3.325 billion
   -- Valuation split (obligors/nonobligors): 68%/32%
   -- Priority claims: $65 million
   -- Value available to first-lien debt claims
      (collateral/noncollateral): $2.7 billion/$0
   -- Secured asset-based lending (ABL) revolver debt claims:
      $0.5 billion
    -- Recovery expectations: Not applicable
   -- Value available to senior secured term loan claims
      (collateral/noncollateral): $2.2 billion/$0
   -- Secured term loan: $1.9 billion
      -- Recovery expectations: 90%-100%
   -- Total value available to unsecured claims (XPO/Con-way):
      $494 million/$42 million
   -- Senior XPO unsecured debt/pari passu unsecured claims:
      $2.75 billion/$330 million
      -- Recovery expectations: 10%-30% (lower half of the range)
   -- Senior Con-way unsecured debt/pari passu unsecured claims:
      $576 million/$142 million
     -- Recovery expectations: 0%-10%

Note: All debt amounts include six months of prepetition interest.
Collateral value equals asset pledge from obligors after priority
claims plus equity pledge from nonobligors after nonobligor debt.

RATINGS LIST

XPO Logistics Inc.
Corporate Credit Rating                     B/Stable/--

New Ratings

XPO Logistics Inc.
Senior Secured
  Trm Ln Due 2021                            BB-
   Recovery Rating                           1


[*] Smiley Wang-Ekvall Gets Tier One Ranking in Best Law Firms List
-------------------------------------------------------------------
Smiley Wang-Ekvall, LLP, a Southern California law firm
specializing in bankruptcy and insolvency matters, real estate
transactions, and business litigation, on Aug. 16, 2016, disclosed
that it has been awarded a Tier One ranking by U.S News & World
Report and Best Lawyers(R) in the 2017 Edition of Best Law Firms
for the practice area of Bankruptcy & Creditor-Debtor
Rights/Insolvency & Reorganization Law.  Founding partner, Evan D.
Smiley, was also awarded "Lawyer of the Year" in the same category
for his work in Orange County.

Smiley Wang-Ekvall attorneys have achieved placement in the Best
Lawyers listing for three consecutive years since the firm's
founding in fall 2014.  This is the firm's third year being
recognized with a Tier One ranking.  As the oldest and most
respected peer-review publication in the legal profession, the Best
Lawyers in America list is widely regarded by both clients and
legal professionals as a significant honor conferred upon a lawyer
by his or her peers.  A Tier One ranking signifies the highest
recognition a law firm can achieve based upon evaluation of
technical legal ability, professional conduct, client service,
commercial astuteness, diligence, commitment, and other
differentiating factors.

"It continues to be an honor to have three of our partners, Evan D.
Smiley, Philip E. Strok, and Robert S. Marticello, recognized by
Best Lawyers in America and our continued Tier One ranking is an
achievement for the firm that reflects our ongoing dedication to
consistently delivering excellent representation for and
outstanding results to our clients," said Lei Lei Wang Ekvall,
partner with Smiley Wang-Ekvall, LLP.  "We are especially proud of
our partner, Evan D. Smiley, for being awarded 'Lawyer of the Year'
in Orange County for his work in bankruptcy, insolvency and
reorganization law.  His integrity, intellect, collaborative spirit
and strong leadership have contributed significantly to both the
firm and our industry."

"Smiley Wang-Ekvall was founded with a vision to provide our
clients with the highest quality of service," said Evan D. Smiley,
partner of Smiley Wang-Ekvall, LLP.  "It is a tremendous honor to
be recognized by my peers and colleagues for delivering on this
vision."

Since the first publication in 1983, Best Lawyers(R) assembles
their list of attorneys by administering extensive peer-review
surveys.  Ultimately, thousands of leading lawyers are selected
confidentially to evaluate practicing peers.  The current, 23rd
edition of The Best Lawyers in America(C) is based on millions of
detailed and carefully analyzed evaluations of lawyers submitted by
their peers.

                        About Best Lawyers

Since it was first published in 1983, Best Lawyers(R) has become
universally regarded as the definitive guide to legal excellence.
Best Lawyers is based on an exhaustive peer-review survey.  More
than 52,000 leading attorneys cast more than 5.5 million votes on
the legal abilities of other lawyers in their practice areas.
Lawyers are not required or allowed to pay a fee to be listed;
therefore inclusion in Best Lawyers is considered a singular honor.
Corporate Counsel magazine has called Best Lawyers "the most
respected referral list of attorneys in practice."

                      About Smiley Wang-Ekvall

Smiley Wang-Ekvall, LLP -- http://www.swelawfirm.com/-- is an
insolvency, real estate and business litigation firm.  Its
insolvency practice is dedicated to representing debtors,
creditors, creditors' committees, equity committees, trustees, and
asset purchasers and helping them successfully navigate
bankruptcy-related matters.  Headquartered in Costa Mesa and with
an office in Los Angeles, Smiley Wang-Ekvall serves clients
locally, regionally and nationwide.


                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

                            *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.  
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman,
Editors.

Copyright 2016.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $975 for 6 months delivered via
e-mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Peter A.
Chapman at 215-945-7000 or Nina Novak at 202-362-8552.

                   *** End of Transmission ***