TCR_Public/160818.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Thursday, August 18, 2016, Vol. 20, No. 231

                            Headlines

ACHAOGEN INC: Negative Cash Flow Raises Going Concern Doubt
ACTIVECARE INC: Needs More Time to File June 30 Form 10-Q
ADAMIS PHARMACEUTICALS: Losses Raise Going Concern Doubt
ADVANCED PRIMARY: U.S. Trustee Unable to Appoint Committee
AEOLUS PHARMACEUTICALS: Incurs $872,000 Net Loss in 3rd Quarter

AFFINITY HEALTHCARE: Wants Funding From RMS, Use Cash Collateral
ALL AMERICAN TRAILER: Approval of Assignee's Final Report Reversed
ALLWAYS EAST: Can Get Interim DIP Loan From Merchants Automotive
ALPHATEC HOLDINGS: Recurring Losses Raise Going Concern Doubt
AM GENERAL: Moody's Raises CFR to Caa1 & Changes Outlook to Stable

AMERICAN CONTAINER: U.S. Trustee Unable to Appoint Committee
AMERICAN EAGLE: Court Narrows Claims in "Mitchell" Suit
APOLLO MEDICAL: Incurs $1.31 Million Net Loss in First Quarter
APPLIED MINERALS: Incurs $3.18 Million Net Loss in Second Quarter
ARKANOVA ENERGY: Had $604K Q3 Net Loss, Raises Going Concern Doubt

ATP OIL: Court Narrows Bison's Malpractice Suit vs. Hunton
AZURE MIDSTREAM: Covenant Problems Raises Going Concern Doubt
BALMORAL RACING: Gets Court Approval of Liquidating Plan
BARD COLLEGE: Moody's Lowers Rating $131MM Bonds to B1
BHUP YADAV: Unsecureds May Recoup Up to 70% Under Ch.11 Plan

BLUE SUN ST. JOE: To Liquidate Remaining Assets to Pay Creditors
BON-TON STORES: Brigade Capital Reports 13.02% Equity Stake
BON-TON STORES: Completes New $150 Million ABL Term Loan
BREITBURN ENERGY: Hires Coghlan Crowson as Special Counsel
CALMARE THERAPEUTICS: Delays Filing of June 30 Form 10-Q

CAPITOL BC: Hires Murphy & King as Counsel
CARMEN VARA: Disclosure Statement Hearing Set for Sept. 20
CATASYS INC: Significant Losses Raise Going Concern Doubt
CCNG ENERGY: Plan Outline Okayed, Confirmation Hearing on Sept. 22
CHARLES SISSON: Liable for 2007 Self-Employment Tax, Court Says

CHECKOUT HOLDING: S&P Lowers CCR to CCC+ on High Debt Leverage
CICERO INC: Incurs $568,000 Q2 Loss, Raises Going Concern Doubt
CLAIRE'S STORES: Moody's Lowers PDR to Ca-PD on Exchange Offer
CLAIRE'S STORES: Offers to Swap Senior Notes for New Term Loans
CLAIRE'S STORES: To Refinance Credit Suisse U.S. Credit Facility

COMMERCIAL BARGE: Moody's Affirms B2 CFR & Changes Outlook to Neg.
COMPASS MINERALS: Moody's Puts Ba1 CFR on Review for Downgrade
CORE RESOURCE: Hires Hauf as Bankruptcy Counsel
CRN INC: Exit Plan to Pay Unsecured Creditors in Full
CRYOPORT INC: Substantial Losses Raise Going Concern Doubt

CYTOSORBENTS CORP: Accumulated Deficit Raises Going Concern Doubt
D.A.B. GROUP: Equity Stakeholder Opposes Approval of Exit Plan
DANIEL JAMES LARSON: Court to Take Up Exit Plan on Sept. 26
DIAMONDHEAD CASINO: Had $89K Q2 Loss, Raises Going Concern Doubt
DIGIPATH INC: Recurring Losses Raise Going Concern Doubt

DLN PROPERTIES: Taps Keller Williams as Real Estate Broker
DRYSHIPS INC: Default on Bank Loans Raises Going Concern Doubt
EDWARD ZAWILLA: Unsecureds to Get at Least $15,000 Per Month
EDWARD ZAWILLA: Unsecureds to Get at Least $15,000 Per Month
ELROY JOSEPH MILLER: Unsecureds to Recoup 5% Under Plan

ENNIS COMMERCIAL: Plan Administrator Hires Frandzel as Counsel
ERIC STOLTE: Court Denies Haber's Bid to Amend Confirmation Order
ERIN ENERGY: Working Capital Deficit Raises Substantial Doubt
FAR WESTERN GRAPHICS: Hires Fuller as Attorney
FIRSTENERGY NUCLEAR: S&P Cuts Rating on Sr. Unsec. Notes to 'BB-'

FOUNDATION HEALTHCARE: Delays Filing of June 30 Form 10-Q
FUEL PERFORMANCE: Recurring Losses Raise Going Concern Doubt
FUNCTION(X) INC: Receives Noncompliance Notice from Nasdaq
GAIL BALMER ROUMELL: Plan Confirmation Hearing Set for Oct. 6
GARY ROLAND: Deutsche Bank Opposes Approval of Exit Plan

GAWKER MEDIA: Univision Emerges as Highest Bidder for Assets
GK & SONS: Case Summary & 20 Largest Unsecured Creditors
GOLDEN QUEEN: Has Insufficient Funds to Repay Current Liabilities
GRANDE COMMUNICATIONS: S&P Puts 'B+' CCR on CreditWatch Negative
GREAT BASIN: Files Form S-1 Prospectus With SEC

GREENSHIFT CORP: Delays Filing of June 30 Quarterly Report
GROVE PLAZA PARTNERS: Exit Plan to Pay Unsecured Creditors in Full
GUP'S HILL PLANTATION: To Pay Unsecured Creditors in Full
HAMILTON TRUCKING: U.S. Trustee Unable to Appoint Committee
HESS COMMERCIAL: Court to Take Up Exit Plan on Sept. 13

HIGH RIDGE MANAGEMENT: Court to Take Up Exit Plan on Sept. 13
HOPKINTON DRUG: To Set Aside $350,000 to Pay Unsecured Creditors
HPI PLUMBING: Case Summary & 20 Largest Unsecured Creditors
HTG MOLECULAR: Needs More Capital to Continue as a Going Concern
INNOCENT CHINWEZE: Disclosure Statement Hearing Set for Sept. 20

INTERCLOUD SYSTEMS: Lacks Cash to Fund Current Operations
ISIGN SOLUTIONS: Cummulative Losses Raise Going Concern Doubt
JACK WEICHMAN: Court Denies Bid to Dismiss Indictment
JASON HOLDINGS: Moody's Lowers CFR to B3; Outlook Remains Stable
JOHN ERIC LAWSON: Exit Plan to Pay Unsecured Creditors in Full

KEY ENERGY: Incurs $92.8 Million Net Loss in Second Quarter
KIRBY BROTHERS: Disclosures Okayed; Plan Hearing Set for Aug. 29
LATTICE INC: Delays Filing of June 30 Form 10-Q
LEARNED FAMILY: Ordered to Vacate Kachess Lodge
LEE MICHAEL LOSEY: Gets Approval of Plan to Exit Bankruptcy

LEO MOTORS: Incurs US$869,000 Net Loss in Second Quarter
LIQUIDMETAL: Needs Additional Capital to Continue as Going Concern
LITHIUM TECHNOLOGY: Virium et al. Awarded $365,000 in Counsel Fees
LPATH INC: Needs Capital Infusion to Continue as Going Concern
MARGAUX CITY LIGHTS: Denial of Malouf's Bid for Sanctions Affirmed

MATRIX LUXURY: Voluntary Chapter 11 Case Summary
METABOLIX INC: Insufficient Capital Raises Going Concern Doubt
METRO-GOLDWYN-MAYER: S&P Affirms 'BB' CCR on Debt Refinancing
MGM RESORTS: Moody's Assigns B1 Rating on $500MM Sr. Unsec. Notes
MGM RESORTS: S&P Assigns 'BB-' Rating on $500MM Sr. Notes Due 2026

MICHELE R. SPARROW: Court Denies Drew's Bid to Abstain and Remand
MODULAR SPACE: Moody's Lowers CFR to Caa3 & Puts on Review
NEPHROS INC: Recurring Losses Raises Substantial Doubt
NEWARK DOWNTOWN: Exit Plan to Pay Unsecured Creditors in Full
NEWPAGE CORP: Court Won't Avoid Environmental Fees Paid to MDE

NORTHWEST TERRITORIAL: Tracy Law Must Return Deposit to Erdmann
NUVERRA ENVIRONMENTAL: Lack of Liquidity Raises Going Concern Doubt
O'BAR DEVELOPMENT: Unsecured Creditors to Recoup 50% Under Plan
OATH CORPORATION: U.S. Trustee Unable to Appoint Committee
OMEROS CORP: Covenant Problems Raises Going Concern Doubt

OPTIMUMBANK HOLDINGS: Incurs $54,000 Net Loss in Second Quarter
ORBITAL TRACKING: Needs More Capital to Continue as a Going Concern
OTIS PRODUCTIONS: Files Plan to Exit Chapter 11 Protection
PAUL PHILIP LUNDEN: Plan Confirmation Hearing Set for Oct. 5
PAULA LAUER: Hampton, 2 Others Oppose Approval of Plan Outline

PAULA SUE WENSTROM: Unsecured Creditors to Receive Full Payment
PERFORMANCE SPORTS: Moody's Lowers CFR to Caa2, Outlook Negative
PERFORMANCE SPORTS: S&P Lowers CCR to 'CCC', Outlook Negative
PRECIOUS CARGO: Unsecured Creditors to Get 1% of Claims
R.C.D. CLEANING: Unsecured Creditors May Get Up to 98% Under Plan

RIVER ROAD: Order for Bletchley to Pay Restructuring Fee Affirmed
RONALD W. KRAGNES: Plan Outline Okayed, Plan Hearing on Oct. 20
ROTARY DRILLING: Hearing Today to Approve Disclosure Statement
SABINE OIL & GAS: Order Remanding Shaffers Suit Affirmed
SANDISK CORP: S&P Affirms 'BB+' CCR, Off CreditWatch Negative

SHIROKIA MEZZ I: Voluntary Chapter 11 Case Summary
SIGA TECHNOLOGIES: Capital Deficiency Raises Going Concern Doubt
SOURCEHOV LLC: S&P Lowers CCR to 'CCC+' on Liquidity Issues
SPANISH BROADCASTING: Files Form 10-Q, Raises Going-Concern Doubt
STAMPEDE FOREST: Court Approves Chapter 11 Plan

STEVEN POOLE: $153K Earmarked for Unsecured Creditors
SUNSET MANAGEMENT: U.S. Trustee Unable to Appoint Committee
TAG FINANCIAL: Wants to Use Accord Financial Cash Collateral
TALLGRASS ENERGY: Moody's Assigns Ba2 CFR; Outlook Stable
TALLGRASS ENERGY: S&P Assigns 'BB+' CCR, Outlook Stable

TK SERVICES: Unsecured Creditors May Get Up to 3% of Claims
TOPPS COMPANY: Moody's Affirms B2 CFR & Rates New 1st Lien Loans B1
TREVOR LLOYD-JONES: Plan Confirmation Hearing Set for Sept. 1
TRUSTEES OF CONNEAUT LAKE: Bid for Preliminary Injunction Denied
UNITED BANCSHARES: Needs More Time to Complete Form 10-Q

VAUGHAN COMPANY: Dismissal of "Lankford" Suit Recommended
VICTOR ROMERO CORP: Cash Collateral Motion Dismissed
VIRGINIA DUL AC: U.S. Trustee Unable to Appoint Committee
VITRO ASSET: UISD Barred by Res Judicata from Challenging Plan
VUZIX CORPORATION: Incurs $4.5 Million Net Loss in Second Quarter

WALKER & DUNLOP: S&P Affirms 'BB-' ICR; Outlook Remains Stable
WILLY BATUNER: Gets Approval of Plan to Exit Bankruptcy
WOLVERINE WORLD: Moody's Assigns Ba3 Rating on $250MM Sr. Notes
[^] Recent Small-Dollar & Individual Chapter 11 Filings

                            *********

ACHAOGEN INC: Negative Cash Flow Raises Going Concern Doubt
-----------------------------------------------------------
Achaogen, Inc., filed its quarterly report on Form 10-Q, disclosing
a net loss of $18.27 million on $9.14 of contract revenue for the
three months ended June 30, 2016, compared with a net loss of
$886,000 on $12.04 million of contract revenue for the same period
last year.

For the six months ended June 30, 2016, the Company listed a net
loss of $30.46 million on $14.99 million of contract revenue,
compared to a net loss of $7.06 million on $16.92 million of
contract revenue for the same period in the prior year.

The Company's balance sheet at June 30, 2016, showed $82.34 million
in total assets, $44.83 million in total liabilities, and
stockholders' equity of $37.51 million.

The Company has incurred losses and negative cash flows from
operations every year since its inception. As of June 30, 2016, the
Company had unrestricted cash, cash equivalents and short-term
investments of approximately $70.0 million and an accumulated
deficit of approximately $206.5 million. Management expects to
continue to incur additional substantial losses for the foreseeable
future as a result of the Company's research and development
activities, and the amounts of unrestricted cash, cash equivalents
and short-term investments held at June 30, 2016, are sufficient to
fund its current planned operations at least through the beginning
of the second quarter of 2017 without securing additional funding
sources. Management is currently evaluating different options for
the raising of additional funds through equity or debt financing
arrangements, government contracts and/or third party collaboration
funding, however, there can be no assurance that such funding
sources will be available at terms acceptable to the Company or at
all. If the Company is unable to raise additional funding to meet
its working capital needs, it will be forced to delay or reduce the
scope of its research programs and/or limit or cease its
operations.

The lack of financial resources to fund projected negative cash
flows and the resultant need to raise substantial additional
funding in the near term in order to sustain operations raise
substantial doubt as to the Company's ability to continue as a
going concern.

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

                      https://is.gd/tb0cTi

Calif.-based Achaogen, Inc., is a clinical-stage biopharmaceutical
company passionately committed to the discovery, development, and
commercialization of novel antibacterials to treat multi-drug
resistant ("MDR") gram-negative infections. The Company is
developing plazomicin, its lead product candidate, for the
treatment of serious bacterial infections due to MDR
Enterobacteriaceae, including carbapenem-resistant
Enterobacteriaceae ("CRE"). In 2013, the Centers for Disease
Control and Prevention identified CRE as a "nightmare bacteria" and
an immediate public health threat that requires "urgent and
aggressive action."



ACTIVECARE INC: Needs More Time to File June 30 Form 10-Q
---------------------------------------------------------
ActiveCare, Inc., filed with the Securities and Exchange Commission
a Form 12b-25 notifying the delay in the filing of its quarterly
report on Form 10-Q for the period ended June 30, 2016.  The
Company needs additional time to complete the presentation of its
financial statements and the analysis thereof.

                      About ActiveCare

South West Valley City, Utah-based ActiveCare, Inc., develops and
markets products for monitoring the health of and providing
assistance to mobile and homebound seniors and the chronically
ill.

ActiveCare is organized into three business.  The Stains and
Reagents segment is engaged in the business of manufacturing and
marketing medical diagnostic stains, solutions and related
equipment to hospitals and medical testing labs.  The CareServices
segment is engaged in the business of developing, distributing and
marketing mobile health monitoring and concierge services to
distributors and customers.  The Chronic Illness Monitoring segment
is primarily engaged in the monitoring of diabetic patients on a
real time basis.

ActiveCare reported a net loss of $12.8 million on $6.59 million of
chronic illness monitoring revenues for the year ended Sept. 30,
2015, compared with a net loss of $16.4 million on $6.10 million of
chronic illness monitoring revenues for the year ended Sept. 30,
2014.

As of March 31, 2016, ActiveCare had $2.15 million in total assets,
$25.6 million in total liabilities, and a stockholders' deficit of
$23.5 million.

Tanner LLC, in Salt Lake City, Utah, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Sept. 30, 2015, citing that the Company has recurring losses,
negative cash flows from operating activities, negative working
capital, negative total equity, and certain debt that is in
default.  These conditions, among others, raise substantial doubt
about its ability to continue as a going concern.


ADAMIS PHARMACEUTICALS: Losses Raise Going Concern Doubt
--------------------------------------------------------
Adamis Pharmaceuticals Corporation filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net loss of $5.71 million on $1.92 million of net revenue for the
three months ended June 30, 2016, compared to a net loss of $3.64
million on $0 of net revenue for the three months ended June 30,
2015.

For the six months ended June 30, 2016, the Company reported a net
loss of $12.12 million on $1.92 million of net revenue compared to
a net loss of $6.78 million on $0 of net revenue for the six months
ended June 30, 2015.

As of June 30, 2016, Adamis had $29.4 million in total assets,
$14.3 million in total liabilities, and $15.0 million in total
stockholders' equity.

The Company's independent registered public accounting firm, Mayer
Hoffman McCann P.C., in San Diego, California, has included a
"going concern" explanatory paragraph in its report on the
Company's consolidated financial statements for the years ended
Dec. 31, 2016 and 2015 indicating that the Company has sustained
substantial losses from continuing operations and has used, rather
than provided, cash in its continuing operations, and incurred
recurring losses from operations and have limited working capital
to pursue its business alternatives, and that these factors raise
substantial doubt about the Company's ability to continue as a
going concern.

As of June 30, 2016, the Company had cash of approximately
$417,000, an accumulated deficit of approximately $81.1 million,
and liabilities of approximately $14.3 million.  Even with the
proceeds from the Company's July 2016 private placement financing
transaction and its recent registered direct offering of shares of
common stock and warrants, the Company will need significant
funding to continue operations, satisfy its obligations and fund
the future expenditures that will be required to conduct the
clinical and regulatory work to develop its product candidates and
to support our other activities.  Such additional funding may not
be available, may not be available on reasonable terms, and could
result in significant additional dilution to the Company's
stockholders.

"If we do not obtain required additional equity or debt funding,
our cash resources will be depleted and we could be required to
materially reduce or suspend operations, which would likely have a
material adverse effect on our business, stock price and our
relationships with third parties with whom we have business
relationships, at least until additional funding is obtained.

"Our management intends to attempt to secure additional required
funding through equity or debt financings, sales or out-licensing
of intellectual property assets, seeking partnerships with other
pharmaceutical companies or third parties to co-develop and fund
research and development efforts, or similar transactions.
However, there can be no assurance that we will be able to obtain
any required additional funding.  If we are unsuccessful in
securing funding from any of these sources, we will defer, reduce
or eliminate certain planned expenditures and delay development or
commercialization of some or all of our products.  If we do not
have sufficient funds to continue operations, we could be required
to seek bankruptcy protection or other alternatives that could
result in our stockholders losing some or all of their investment
in us," the Company stated in the report.  

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

                          About Adamis

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

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


ADVANCED PRIMARY: U.S. Trustee Unable to Appoint Committee
----------------------------------------------------------
The Office of the U.S. Trustee disclosed in a court filing that no
official committee of unsecured creditors has been appointed in the
Chapter 11 case of Advanced Primary Care, LLC.

Advanced Primary Care, LLC filed a chapter 11 petition (Bankr. W.D.
Tenn. Case No. 16-26388) on July 15, 2016.  The Debtor is a limited
liability company which provides medical services to consumers in
Memphis, Shelby County, Tennessee.  The Debtor is represented by
John E. Dunlap, Esq.


AEOLUS PHARMACEUTICALS: Incurs $872,000 Net Loss in 3rd Quarter
---------------------------------------------------------------
Aeolus Pharmaceuticals, Inc., filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net loss of $872,000 on $660,000 of contract revenue for the three
months ended June 30, 2016, compared to a net loss of $784,000 on
$63,000 of contract revenue for the same period in 2015.

For the nine months ended June 30, 2016, Aeolus reported a net loss
of $2.53 million on $1.53 million of contract revenue compared to a
net loss of $2.19 million on $2.17 million of contract revenue for
the six months ended June 30, 2015.

As of June 30, 2016, Aeolus had $4.87 million in total assets,
$688,000 in total liabilities and $4.18 million in total
stockholders' equity.

The Company had cash and cash equivalents of $3.76 million on June
30, 2016, and $94,000 on Sept. 30, 2015.  The increase in cash was
primarily due to cash received in the December 2015 financing.

On Dec. 10, 2015, the Company received $4.50 million in gross
proceeds in exchange for the issuance of an aggregate of 4,500
shares of Series C preferred stock and 20,454,546 warrants.

On Dec. 10, 2015, the Company received approximately $2.25 million
in gross proceeds in exchange for the issuance of an aggregate of
10,215,275 shares of common stock and 10,215,275 warrants.

The Company's quarterly report on Form 10-Q is available from the
SEC website at https://is.gd/XbQ2Aj

                  About Aeolus Pharmaceuticals

Mission Viejo, California-based Aeolus Pharmaceuticals, Inc., is a
Southern California-based biopharmaceutical company leveraging
significant government investment to develop a platform of novel
compounds in oncology and biodefense.  The platform consists of
over 200 compounds licensed from Duke University and National
Jewish Health.

The Company's lead compound, AEOL 10150, is being developed as a
medical countermeasure ("MCM") against the pulmonary sub-syndrome
of acute radiation syndrome ("Pulmonary Acute Radiation Syndrome"
or "Lung-ARS") as well as the gastrointestinal sub-syndrome of
acute radiation syndrome ("GI-ARS").  Both syndromes are caused by
acute exposure to high levels of radiation due to a radiological
or nuclear event.  It is also being developed for use as a MCM for
exposure to chemical vesicants such as chlorine gas, sulfur
mustard gas and nerve agents.

Aeolus reported a net loss of $2.62 million for the fiscal year
ended Sept. 30, 2015, compared to a net loss of $80,000 for the
fiscal year ended Sept. 30, 2014.


AFFINITY HEALTHCARE: Wants Funding From RMS, Use Cash Collateral
----------------------------------------------------------------
Judge Julie A. Manning of the U.S. Bankruptcy Court for the
District of Connecticut approved the sale of Affinity Healthcare
Management, Inc., et al.'s provider accounts receivable to Revenue
Managements Solutions and granted first-priority security interests
in purchased accounts.

Judge Manning also authorized the Providers to obtain initial
installments, subsequent installments and other financial
accommodations and postpetition funding from Revenue Managements
Solutions, and authorized the Debtors to use cash collateral.  

The Providers consist of debtors Health Care Investors, Inc.,
Health Care Alliance, Inc., Health Care Assurance, LLC, and Health
Care Reliance, LLC.

The aggregate amount of the outstanding initial installments amount
due and payable pursuant to the Prepetition Funding Facility
between the Providers and Revenue Managements Solutions, was $1.45
million as of the Petition Date.

The Debtors represented that substantially all of their cash,
including the cash in their deposit accounts, wherever located,
constitute the cash collateral of Revenue Managements Solutions.
The Debtor further represented that the purchased accounts and
their proceeds, constitute the exclusive property of Revenue
Managements Solutions.

Judge Manning authorized the Providers, each of which operate a
skilled nursing facility, to sell to Revenue Managements Solutions,
certain of the Providers' healthcare accounts receivables, together
will all books, records, billing and credit files, an irrevocable
paid-up license to use related medical and patient records, chattel
paper, documents, instruments and general intangibles related to
the post-petition purchased accounts and certain other assets
necessary for Revenue Managements Solutions or its agents to
collect the post-petition purchased accounts.

The Debtors contended that the Providers do not have sufficient
available sources to provide working capital to operate their
businesses in the ordinary course without the requested
post-petition funding from Revenue Managements Solutions.  The
Debtors further contended that the Post-Petition Funding Facility
is necessary, essential and appropriate to prevent immediate and
irreparable harm to the Debtors, their estates, and their employees
and patients.

The Post-Petition Funding Facility will be used solely for:

     (1) the payment of Prepetition Obligations;

     (2) working capital and other general corporate purposes;

     (3) permitted payment of costs of administration of the
cases;

     (4) payment of fees and expenses due under the Post-Petition
Funding Facility; and

     (5) payment of such prepetition expenses, in addition to the
Prepetition Obligations, permitted to be so paid in accordance with
the Funding Documents, and as approved by the Court.

The Debtors' Cash Flow Schedule covers the period beginning with
the week beginning Aug. 6, 2016 and ending with the week beginning
Sept. 24, 2016.  It provides for total disbursements in the amount
of $766,704 for the week beginning Aug. 13, 2016; $394,602 for the
week beginning Aug. 20, 2016; $505,157 for the week beginning Aug.
27, 2016; and $458,950 for the week beginning Sept. 3, 2016.

Revenue Managements Solutions was granted adequate protection in
the form of:

     (a) adequate protection liens and super-priority claims;

     (b) current payments fees, costs and expenses and other
amounts due under the Funding Documents; and

     (c) ongoing payment of the reasonable fees, costs and
expenses, including Revenue Managements Solutions' legal and other
professionals' fees and expenses.

The State of Connecticut Department of Labor was granted adequate
protection liens.

The Carve-Out consists of the following expenses:

     (i) allowed fees and reimbursement for disbursements of
professionals retained by the Debtors in an aggregate amount not to
exceed $540,000;

     (ii) allowed fees and reimbursement for disbursements of
professionals retained by the Statutory Committee in an aggregate
amount of all such Committee's Professional Fees not to exceed
$270,000;

    (iii) quarterly fees pursuant to 28 U.S.C. Section 1930(a)(6)
plus interest accrued pursuant to 31 U.S.C. Section 3717, and any
fees payable to the clerk of the Bankruptcy Court; and

     (iv) amounts due and owing to the Debtors' non-insider
employees for post-petition wages.

A hearing to consider the entry of a further Tenth Interim Order is
scheduled on Sept. 13, 2016 at 10:00 a.m.

A full-text copy of the Interim Order, dated Aug. 12, 2016, is
available at https://is.gd/7pkb9Q

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

A full-text copy of the Budget, dated Aug. 12, 2016, is available
at https://is.gd/J1LIS6

              About Affinity Healthcare Management

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

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

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

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



ALL AMERICAN TRAILER: Approval of Assignee's Final Report Reversed
------------------------------------------------------------------
The District Court of Appeal of Florida, Fourth District reversed
the trial court's order approving the final report by the assignee
of the estate of All American Trailer Manufacturers, Inc., and a
second order denying restatement of the creditor Pro-Finish Inc.'s
lien.

The appellate court found merit in the creditor's argument that the
debtor's assignee failed to comply with chapter 727, Florida
Statutes (2013).  The court reversed based upon the debtor's
failure to comply with sections 727.104 and 727.111, Florida
Statutes, holding that the assignee's failure to strictly comply
with the statutory requirements rendered the assignment invalid and
void.  The appellate court thus concluded that the trial court
erred in overruling the creditor's objections, approving the sale,
and in its final order approving the distribution of assets.

The case is PRO FINISH, INC., Appellant, v. ESTATE OF ALL AMERICAN
TRAILER MANUFACTURERS, INC., and JOHN ALAN MOFFA, as Assignee of
the Estate of All American Trailer Manufacturers, Inc., Appellee,
No. 4D15-2966 (Fla. Dist. Ct. App.).

A full-text copy of the appellate court's August 3, 2016 ruling is
available at https://is.gd/l7ivoU from Leagle.com.

Appellant is represented by:

          Justin C. Carlin, Esq.
          GOLDEN CARLIN
          100 SE 3rd Avenue, Suite 2510
          Fort Lauderdale, FL 33394
          Tel: (954)440-0901

Appellee is represented by:

          Stephen Charles Breuer, Esq.
          MOFFA & BONACQUISTI, P.A.
          1776 N Pine Island Rd., Suite 102
          Plantation, FL 33322
          Tel: 954-634-4733
          Fax: 954-337-0637
          Email: stephen@trusteelawfirm.com

All American Trailer Manufacturers, Inc. filed a Chapter 11
petition (Bankr. S.D. Fla. Case No. 12-24619) on June 15, 2012,
listing under $1 million in both assets and liabilities.  A copy
of
the petition is available at no extra charge at
http://bankrupt.com/misc/flsb12-24619.pdf Eduardo E. Dieppa, III,

Esq. -- edieppa@dieppalaw.com -- at Dieppa Law Firm P.A., served
as
Chapter 11 counsel.


ALLWAYS EAST: Can Get Interim DIP Loan From Merchants Automotive
----------------------------------------------------------------
Judge Robert D. Drain of the U.S. Bankruptcy Court for the Southern
District of New York authorized Allways East Transportation, Inc.
to incur postpetition secured indebtedness from Merchants
Automotive Group, Inc., on an interim basis.

The judge also authorized the Debtor and its affiliate, Allways
North Transportation to enter into any and all documentation as
required by Endurance Insurance, Inc., to issue the performance
bond required for the Services Contract serviced by the Debtor.

The Debtor related that it, or Allways North Transportation,
intends to enter into an agreement with the County of Dutchess, New
York for transportation services.  The Debtor further related that
all of the vehicles that may be used by Allways North
Transportation in performance of the Services Contract, if
applicable, are leased or sub-leased by the Debtor to Allways North
Transportation, and in many cases leased by Merchants Automotive
Group to the Debtor under the Lease.   The Debtor added that as a
condition of Dutchess entering into the Services Contract, the
Debtor and/or ANT is required to post a performance bond.

The Debtor applied to the Court for authority to obtain DIP
financing from Merchants Automotive Group in order to obtain the
necessary capital for the Debtor to procure the performance bond
and to confirm a chapter 11 plan.

The DIP Loan contains, among others, these material terms:

     (1) Co-Obligors: The Debtor and Allways North Transportation
are jointly and severally liable under the DIP Loan Documents.

     (2) Type/Amount: A line of credit not to exceed the maximum
principal amount of $325,000 and a letter of credit facility in the
maximum amount of $300,000. The DIP Loan shall be secured by the
DIP Collateral.

     (3) Purpose: DIP Loan will be made available to the Borrowers
in accordance with this Interim Order and the DIP Loan Documents
for the following uses: for the payment of administrative expense
claims, cure costs and attorneys' fees associated with the Lease,
for the payment of bank fees, lender's attorneys’ fees and costs
associated with the DIP Loan and obtaining a letter of credit, and
for other costs and expenses necessary for the reorganization of
the Debtor.

     (4) Closing Date: On a date agreed to by the parties within 30
days of the Bankruptcy Court’s entry of an order approving the
DIP Loan, the parties shall execute the DIP Loan Documents.

     (5) Maturity: The DIP Loan will be payable in full on the
first day of the twenty-fourth month following the Closing Date.

     (6) Interest Rate/Payments: The DIP Loan will accrue interest
at the rate of 5 percent per annum.  Payments on the DIP Loan will
be due on the first day of each month and paid in equal monthly
installments of principal and interest, amortized over a period of
24 months.

     (7) Priority and Collateral: As collateral for the DIP Loan,
Merchants will be granted:

          (i) a perfected first priority lien in the Debtor's
accounts receivable relating to the Services Contract in an amount
up to 75% of the indebtedness existing at any time under the DIP
Loan and the proceeds therefrom;

         (ii) a perfected first priority lien on at least 92
presently unencumbered vehicles presently owned by the Borrowers;
and

        (iii) a perfected first priority lien on all vehicles
presently subject to any Lease Schedule as the Debtor pays off its
obligations under the Lease with respect to such vehicles.

     (8) Adequate Protection and Use of Cash Collateral: The
Borrowers will ensure that the value of current, non-delinquent,
accounts receivable is at all times an amount greater than 75% of
the balance remaining on the DIP Loan.  If at any point prior to
the Maturity Date, the value of current, non-delinquent, accounts
receivable drops below this threshold, the Borrowers will make an
additional payment of principal to reduce the amount due under the
DIP Loan until this condition is satisfied.  The Borrowers shall
provide Merchants Automotive Group with monthly reports of their
accounts receivable to ensure compliance with this provision.

A full-text copy of the Interim Order, dated Aug. 12, 2016, is
available at https://is.gd/36Y7Wy

                 About Allways East Transportation

Headquartered in Yonkers, New York, Allways East Transportation
Inc. filed for Chapter 11 bankruptcy protection (Bankr. S.D.N.Y.
Case No. 16-22589) on April 28, 2016, estimating its assets and
liabilities at between $1 million and $10 million each.  The
petition was signed by Marlaina Koller, vice president.

Judge Robert D. Drain presides over the case.

Erica Feynman Aisner, Esq., and Julie Cvek Curley, Esq., at
Delbello Donnellan Weingarten Wise & Wiederkehr, LLP, serves as the
Debtor's bankruptcy counsel.

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


ALPHATEC HOLDINGS: Recurring Losses Raise Going Concern Doubt
-------------------------------------------------------------
Alphatec Holdings, Inc., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net loss of $5.23 million on $43.79 million of revenues for the
three months ended June 30, 2016, compared to a net loss of $3.95
million on $46.63 million of revenues for the three months ended
June 30, 2015.

For the six months ended June 30, 2016, the Company reported a net
loss of $11.85 million on $88.55 million of revenues compared to a
net loss of $8.51 million on $95.58 million of revenues for the
same period during the prior year.

As of June 30, 2016, the Company had $136.45 million in total
assets, $159.21 million in total liabilities, $23.60 million in
redeemable preferred stock, and $46.36 million in total
stockholders' deficit.

The Company has incurred significant net losses since inception and
has relied on its ability to fund its operations through revenues
from the sale of its products, equity financing and debt financing.
As the Company has incurred losses, successful transition to
profitability is dependent upon achieving a level of revenues
adequate to support the Company's cost structure.  This may not
occur and, unless and until it does, the Company will continue to
need to raise additional capital.  Additionally, the Company has a
significant amount of debt that is classified as current debt.
These conditions raise substantial doubt about the Company's
ability to continue as a going concern.  A going concern basis of
accounting contemplates the recovery of the Company's assets and
the satisfaction of its liabilities in the normal course of
business.  Operating losses and negative cash flows may continue
for at least the next year as the Company continues to incur costs
related to the execution of its operating plan and introduction of
new products.

A copy of the Form 10-Q is available at

                       http://bit.ly/2bhsCji

Alphatec Holdings, Inc., (NASDAQ: ATEC) is focused on the design,
development and promotion of products for the surgical treatment of
spine disorders.  This medical technology company's product
portfolio aims to address the cervical, thoracolumbar and
intervertebral regions of the spine and covers a range of spinal
disorders and surgical procedures.



AM GENERAL: Moody's Raises CFR to Caa1 & Changes Outlook to Stable
------------------------------------------------------------------
Moody's Investors Service has upgraded ratings of AM General, LLC,
including the corporate family rating to Caa1 from Caa2.
Concurrently, the rating outlook has been changed to stable from
negative.

                         RATINGS RATIONALE

The upgrade reflects a higher production backlog following the
recent $356 million contract to supply the Afghanistan National
Army and Police with tactical vehicles through a sale to the US
Government.

The Caa1 CFR considers the longevity and substantial worldwide
installed base of AM General's main product-- the High Mobility
Multipurpose Wheeled Vehicle ("HUMVEE")--, with good revenue,
profit and cash flow visibility near-term.  The company's new
business pipeline contains opportunities that would extend and
possibly increase the production rate, as well.  The near
production view gives AM General better financial flexibility to
pursue additional contracts.

While AM General did not win the much desired, next-generation
light tactical vehicle contract with the US Army in 2015, the
Army's plans do not include fully replacing its existing fleet with
the new model.  A sizable and ageing US HUMVEE fleet will likely
require refurbishment and AM General seems positioned to ultimately
compete for that longer-term work.

However, the liquidity profile still remains weak because debts
begin maturing in 2017, production visibility beyond next year is
low and, in Moody's view, AM General may need to draw upon
short-term, sponsor-provided borrowing lines for operational and
financial needs.

The recent contract win along with light borrowing on alternate
lines should help AM General meet its March 2017 revolver maturity
of $20 million outstanding and cover near-term scheduled term loan
amortization (about $8 million per quarter).  But the term loan
maturity of March 2018 (then should be about $170 million) could
become problematic without a continuation of HUMVEE bookings.

The stable rating outlook considers the improved near-term
performance view, the demonstrated financial support from
ownership, and AM General's historical resourcefulness which has
permitted noteworthy debt reduction since 2014 despite choppy order
flow.  A large global installed base of HUMVEEs drives spare parts
demand to partially cover fixed operating costs.

Upgrades:

Issuer: AM General, LLC

  Probability of Default Rating, Upgraded to Caa1-PD from Caa2-PD
  Corporate Family Rating, Upgraded to Caa1 from Caa2
  Senior Secured Bank Credit Facility, Upgraded to B2 (LGD2) from
   Caa1 (LGD3)

Outlook Actions:

Issuer: AM General, LLC

  Outlook, Changed To Stable From Negative

Upward rating momentum would depend on a steadier and improved
liquidity view and confidence of a profitable production level
across the intermediate term.  Downward rating pressure would mount
if backlog declines across 2017, or if the liquidity position does
not improve by mid-2017 as the first lien term loan becomes a
current liability.

AM General LLC, headquartered in South Bend, IN, designs,
engineers, manufactures, supplies and supports specialized vehicles
for commercial and military customers.  Its subsidiary, Mobility
Ventures, LLC manufactures the MV-1, a vehicle catered to
wheelchair passengers.  Revenues over the 12 months ended
March 31, 2016, were $812 million.  The company is owned by
entities of MacAndrews & Forbes Incorporated and The Renco Group,
Inc.

The principal methodology used in these ratings was Global
Aerospace and Defense Industry published in April 2014.


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

American Container, Inc. filed a chapter 11 petition (Bankr. W.D.
Tenn. Case No. 16-26399) on July 15, 2016.  The petition was signed
by Steve Harris, president.  The Debtor is represented by Russel W.
Savory, Esq., at Beard & Savory, PLLC.  The case is assigned to
Judge Paulette J. Delk.  The Debtor disclosed total assets at $2.55
million and total debts at $4.30 million at the time of the filing.


AMERICAN EAGLE: Court Narrows Claims in "Mitchell" Suit
-------------------------------------------------------
In the case captioned BASHEGA A. MITCHELL, v. AMERICAN EAGLE
AIRLINES, INC., Civil Action No. 15-757-SDD-RLB (M.D. La.), Judge
Shelly D. Dick of the United States District Court for the Middle
District of Louisiana granted American Eagle Airlines, Inc.'s
motion for partial dismissal pursuant to Rule 12(b)(6) of the
Federal Rules of Civil Procedure.

Bashega A. Mitchell's wrongful demotion claim and Pre-Bankruptcy
Petition discrimination and retaliation claims were dismissed with
prejudice.

A full-text copy of Judge Dick's August 5, 2016 ruling is available
at https://is.gd/BxZN2R from Leagle.com.

Bashega A. Mitchell is represented by:

          Dele Akintade Adebamiji, Esq.
          Felicia Eberechi Adebamiji, Esq.
          DELE A. ADEBAMIJI & ASSOCIATES
          1724 Dallas Dr
          Baton Rouge, LA 70806
          Tel:(225)927-9006

American Eagle Airlines, Inc. is represented by:

          Thomas J. McGoey, II, Esq.
          William Brian London, Esq.
          LISKOW & LEWIS
          701 Poydras Street, Suite 5000
          New Orleans, LA 70139-5099
          Email: tjmcgoey@liskow.com
                 wblondon@liskow.com

                   About American Airlines

AMR Corp. and its subsidiaries including American Airlines, the
third largest airline in the United States, filed for bankruptcy
protection (Bankr. S.D.N.Y. Lead Case No. 11-15463) in Manhattan
on Nov. 29, 2011, after failing to secure cost-cutting labor
agreements.

The Debtors tapped Weil, Gotshal & Manges LLP as bankruptcy
counsel;  Paul Hastings LLP and Debevoise & Plimpton LLP Groom Law
Group, Chartered, as special counsel; Rothschild Inc., as
financial advisor; and Garden City Group Inc. as claims and notice
agent.

The Official Committee of Unsecured Creditors retained Jack
Butler, Esq., John Lyons, Esq., Felecia Perlman, Esq., and Jay
Goffman, Esq., at Skadden, Arps, Slate, Meagher & Flom LLP as
counsel; Togut, Segal & Segal LLP as co-counsel for conflicts
and other matters; Moelis & Company LLC as investment banker;
and Mesirow Financial Consulting, LLC, as financial advisor.

AMR Corp., emerged from Chapter 11 bankruptcy protection on Dec.
9, 2013, upon which it merged with US Airways Group.  The
combination of American Airlines and US Airways will result in the
largest U.S. airline, with the leading share of traffic along the
East Coast and Central U.S. regions.


APOLLO MEDICAL: Incurs $1.31 Million Net Loss in First Quarter
--------------------------------------------------------------
Apollo Medical Holdings, Inc., filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net loss attributable to the Company of $1.31 million on $12.4
million of net revenues for the three months ended June 30, 2016,
compared to a net loss attributable to the Company of $2.48 million
on $10.20 million of net revenues for the three months ended June
30, 2015.

As of June 30, 2016, Apollo Medical had $17.31 million in total
assets, $9.73 million in total liabilities, $7.07 million in
mezzanine equity and $503,849 in total stockholders' equity.

The Company has a history of operating losses and as of June 30,
2016, has an accumulated deficit of $30.0 million, and during the
three months ended June 30, 2016, net cash used in operating
activities was $2.27 million.

As of June 30, 2016, the Company's primary source of liquidity
includes cash on hand of $6.51 million  which is part of net
working capital of approximately $4.4 million.  The Company,
however, may require additional funding to meet certain obligations
until sufficient cash flows are generated from anticipated
operations. Management believes that ongoing requirements for
working capital, debt service and planned capital expenditures will
be adequately funded from current sources for at least the next
twelve months.  If available funds are not adequate, the Company
may need to obtain additional sources of funds or reduce
operations; however, there is no assurance that the Company will be
successful in doing so.

The Company's quarterly report on Form 10-Q is available from the
SEC website at https://is.gd/4rqBiQ

                     About Apollo Medical

Glendale, Calif.-based Apollo Medical Holdings, Inc., provides
hospitalist services in the Greater Los Angeles, California area.
Hospitalist medicine is organized around the admission and care of
patients in an inpatient facility such as a hospital or skilled
nursing facility and is focused on providing, managing and
coordinating the care of hospitalized patients.

Apollo Medical reported a net loss attributable to the Company of
$9.34 million on $44.0 million of net revenues for the year ended
March 31, 2016, compared to a net loss attributable to the Company
of $1.80 million on $33.0 million of net revenues for the year
ended March 31, 2015.


APPLIED MINERALS: Incurs $3.18 Million Net Loss in Second Quarter
-----------------------------------------------------------------
Applied Minerals, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $3.18 million on $1.11 million of revenues for the three months
ended June 30, 2016, compared with a net loss of $2.72 million on
$65,800 of revenues for the three months ended June 30, 2015.

For the six months ended June 30, 2016, the Company reported a net
loss of $3.73 million on $2.11 million of revenue compared with a
net loss of $6.92 million on $229,000 of revenue for the six months
ended June 30, 2015.

As of June 30, 2016, the Company had $7.75 million in total assets,
$25.10 million in total liabilities and a total stockholders'
deficit of $17.3 million.

The Company has a history of recurring losses from operations and
use of cash in operating activities.  For the six months ended June
30, 2016, the Company's net loss was $3.73 million and cash used in
operating activities was $1,528,002.  At June 30, 2016, the Company
had working capital of $1.34 million, which includes $920,000 of
accrued PIK Note interest, which the Company expects to pay in-kind
and $168,000 of payables for which the Company believes it has a
statute of limitations defense.  In addition, during the six months
ended June 30, 2016, the Company commenced generating revenue under
a take-or-pay supply agreement for AMIRON iron oxide and reduced
exploration costs related to activities at the Dragon mine.  Based
on the Company's cash balance at June 30, 2016 and its cash usage
expectations, it believes it will have sufficient liquidity to fund
its operations for at least the next 12 months.

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

                      About Applied Minerals

New York City-based Applied Minerals, Inc. (OTC BB: AMNL) is a
leading global producer of halloysite clay used in the development
of advanced polymer, catalytic, environmental remediation, and
controlled release applications.  The Company operates the Dragon
Mine located in Juab County, Utah, the only commercial source of
halloysite clay in the western hemisphere.  Halloysite is an
aluminosilicate clay that forms naturally occurring nanotubes.

Applied Minerals reported a net loss of $10.3 million in 2014, a
net loss of $13.06 million in 2013 and a net loss of $9.73 million
in 2012.


ARKANOVA ENERGY: Had $604K Q3 Net Loss, Raises Going Concern Doubt
------------------------------------------------------------------
Arkanova Energy Corp filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $603,865 on $99,879 of total revenue for the three months ended
June 30, 2016, compared to a net loss of $960,293 on $114,292 of
total revenue for the same period a year ago.

For the nine months ended June 30, 2016, the Company reported a net
loss of $1.80 million on $251,684 of total revenue compared to a
net loss of $2.74 million on $364,600 of total revenue for the nine
months ended June 30, 2015.

As of June 30, 2016, Arkanova had $2.23 million in total assets,
$19.0 million in total liabilities and a total stockholders'
deficit of $16.7 million.

The Company had cash and cash equivalents of $354,093 compared to
cash and cash equivalents of $2.37 million as at the Company's
financial year-end of Sept. 30, 2015.  This decrease is due to
payoff of accounts payable.

The Company estimates that it will require approximately $1,200,000
over the next 12-month period to fund its plan of operations.  The
Company plans to raise the capital required to satisfy its
immediate short-term needs and additional capital required to meet
its estimated funding requirements for the next 12-months primarily
through the private placement of its equity securities and debt
arrangements.  There is no assurance that the Company will be able
to obtain further funds required for its continued working capital
requirements.  The ability of the Company to meet its financial
liabilities and commitments is primarily dependent upon the
continued financial support of its directors and shareholders, the
continued issuance of equity to new shareholders, and its ability
to achieve and maintain profitable operations.

"There is substantial doubt about our ability to continue as a
going concern as the continuation of our business is dependent upon
obtaining further long-term financing, successful exploration of
our property interests, the identification of reserves sufficient
enough to warrant development, successful development of our
property interests and, finally, achieving a profitable level of
operations.  The issuance of additional equity securities by us
could result in a significant dilution in the equity interests of
our current stockholders.  Obtaining commercial loans, assuming
those loans would be available, will increase our liabilities and
future cash commitments," the Company stated in the filing.

Due to the uncertainty of the Company's ability to meet its current
operating and capital expenses, in their report on the Company's
audited consolidated financial statements for the year ended Sept.
30, 2015, the Company's independent auditors included an
explanatory paragraph regarding substantial doubt about its ability
to continue as a going concern.

MaloneBailey, LLP, in Houston, Texas, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Sept. 30, 2015, citing that the Company has incurred
cumulative losses since inception and has negative working capital,
which raises substantial doubt about its ability to continue as a
going concern.

The Company's quarterly report on Form 10-Q is available from the
SEC website at https://is.gd/harK7T

                       About Arkanova

Austin, Tex.-based Arkanova Energy Corporation is a junior
producing oil and gas company and is also engaged in the
acquisition, exploration and development of prospective oil and
gas properties.  It holds mineral leases in Delores County, Lone
Mesa State Park, Colorado and leasehold interests located in
Pondera and Glacier Counties, Montana.

Arkanova reported a net loss of $3.32 million on $452,686 of total
revenue for the year ended Sept. 30, 2015, compared to a net loss
of $3 million on $844,303 of total revenue for the year ended Sept.
30, 2014.


ATP OIL: Court Narrows Bison's Malpractice Suit vs. Hunton
----------------------------------------------------------
In the case BISON CAPITAL CORPORATION, Plaintiff, v. HUNTON &
WILLIAMS LLP, Defendant, Docket No. 153793/15, 2016 NY Slip Op
31467(U), Judge Saliann Scarpulla of the Supreme Court, New York
County:

     -- granted the motion of Hunton & Williams LLP to dismiss the
first, third, fourth, and fifth causes of action of the First
Amended Complaint and dismissed those causes of action;

     -- denied the motion of Hunton & Williams LLP to dismiss the
second cause of action only insofar as the First Amended Complaint
alleges that Hunton & Williams breached the retainer agreement by
not having Marty Steinberg conduct certain depositions and
participate at trial; and

     -- granted the motion to dismiss the second cause of action in
all other respects.

Defendant Hunton & Williams LLP moves, pursuant to CPLR 3211 (a)
(1) and (7), for an order dismissing the complaint of plaintiff
Bison Capital Corporation.

Hunton & Williams, a law firm, represented Bison in a litigation in
which Bison sued ATP Oil and Gas Corporation for fees allegedly
earned by Bison in procuring financing for ATP from Credit Suisse.
The Bison/ATP action was commenced in the United States District
Court for the Southern District of New York. After a four-day bench
trial, United States District Judge Stanley H. Stein issued
Findings of Fact & Conclusions of Law on March 8, 2011.

In pertinent part, Judge Stein found that (1) the contract between
ATP and Bison provided for Bison to be paid a fee based on "the
value of the new funds made available to ATP in a Capital
Transaction," rather than "one percent of the entire face amount of
each Capital Transaction," as advocated by Bison; and (2)
"Paragraph 7 of the Agreement only entitles Bison to fees if ATP
'consummates or enters into an agreement or arrangement providing
for a Capital Transaction' prior to April 1, 2005."

In making the latter finding, Judge Stein discredited "[Bison's
President's] in-court testimony that March 31, 2005 marks a cut-off
for triggering Bison's right to perpetual fees," finding that it
was at odds with the Bison's President's earlier interpretation of
the Agreement, as expressed in an October 15, 2004 letter.  The
court found that "[Bison's President's] stated position in his
October 15, 2004 letter reflects his understanding that in order to
receive a fee for 'financial arrangements' (i.e., a Capital
Transaction), these arrangements must be made 'within the
applicable time frame' (i.e., prior to April 1, 2005)." Id.

Ultimately, Judge Stein awarded Bison $1.65 million, along with
interest, and, on June 7, 2012, the Second Circuit affirmed the
judgment. Following the affirmance, Bison allegedly terminated
Hunton & Williams' representation of the Company for cause, and
retained separate counsel to pursue enforcement of the judgment.
Bison alleges that through new counsel Bison requested an amended
judgment and fees and costs. Bison further alleges that on August
15, 2012, the District Court issued an amended judgment, and, two
days later, on August 17, 2012, ATP filed for bankruptcy.

In this action Bison claims that Hunton & Williams' performance in
preparation of and during the Bison/ATP trial was deficient, in
that Hunton & Williams failed to call an expert witness, failed to
introduce into evidence ATP's SEC reports, and failed to rebut
attacks on the credibility of Bison's President. Bison further
claims that Hunton & Williams should have, but did not, seek to
enforce the judgment prior to ATP filing for bankruptcy protection.
Also, Bison alleges that Hunton & Williams agreed that a specific
attorney would do significant work on the Bison/ATP action, but he
did not. Based upon these allegations, Bison asserts causes of
action against Hunton & Williams for legal malpractice (first cause
of action); breach of contract (second cause of action); breach of
fiduciary duty (third cause of action); negligence and gross
negligence (fourth cause of action); and negligent
misrepresentation and fraud (fifth cause of action).

In its motion to dismiss, Hunton & Williams argues that Bison fails
to state a legal malpractice claim because litigation strategy may
not form the basis of a malpractice claim, and because the
underlying judgment could not be enforced during appeal of the
judgment to the Second Circuit. Hunton & Williams also argues that
Bison cannot show proximate cause, and that Bison's remaining
claims are duplicative of the legal malpractice claim.

In opposition to the motion to dismiss, Bison argues that Hunton &
Williams's actions were not the product of reasonable legal
strategy and Bison may therefore base its legal malpractice claim
on those actions. It additionally argues that it has adequately
pleaded proximate cause, and that Hunton & Williams breached
certain Rules of Professional Conduct, and, as a result, that
Hunton & Williams should disgorge fees Bison paid to it. Finally,
Bison argues that its breach of contract and negligent
misrepresentation causes of action are not duplicative of the legal
malpractice claim.

A full-text copy of the Decision/Order dated July 28, 2016 is
available at https://is.gd/s2gpOp from Leagle.com.

                      About Hunton & Williams LLP

Hunton & Williams LLP -- http://www.hunton.com/-- provides legal  

services to corporations, financial institutions, governments and
individuals, well as to a broad array of other entities.  Since
its establishment more than a century ago, Hunton & Williams has
grown to more than 1,000 lawyers serving clients in 100 countries
from 19 offices around the world.  While its practice has an
industry focus on energy, financial services and life sciences,
the depth and breadth of its experience extends to more than 100
separate practice areas, including bankruptcy and creditors
rights, commercial litigation, corporate transactions and
securities law, intellectual property, international and
government relations, regulatory law, products liability, and
privacy and information management.

                       About ATP Oil

Houston, Texas-based ATP Oil & Gas Corporation was an
international
offshore oil and gas development and production company focused in
the Gulf of Mexico, Mediterranean Sea and North Sea.

ATP Oil & Gas filed a Chapter 11 petition (Bankr. S.D. Tex. Case
No. 12-36187) on Aug. 17, 2012.  Attorneys at Mayer Brown LLP,
serve as bankruptcy counsel.  Munsch Hardt Kopf & Harr, P.C., is
the conflicts counsel.  Motley Rice LLC and Fayard & Honeycutt,
APC
serve as special counsel.  Opportune LLP is the financial advisor
and Jefferies & Company is the investment banker.  Kurtzman Carson
Consultants LLC is the claims and notice agent.

ATP disclosed assets of $3.6 billion and $3.5 billion of
liabilities as of March 31, 2012.  Debt includes $365 million on a
first-lien loan where Credit Suisse AG serves as agent.  There is
$1.5 billion on second-lien notes with Bank of New York
MellonTrust
Co. as agent.  ATP's other debt includes $35 million on
convertible
notes and $23.4 million owing to third parties for their shares of
production revenue.  Trade suppliers have  claims for $147
million,
ATP said in a court filing.

An official committee of unsecured creditors has been appointed in
the case.  Evan R. Fleck, Esq., at Milbank, Tweed, Hadley &
McCloy,
in New York, represents the Creditors Committee as counsel.

A seven-member panel of equity security holders has also been
appointed in the case.  Kyung S. Lee, Esq., and Charles M. Rubio,
Esq. of Diamond McCarthy LLP, in Houston, Texas, serve as counsel
to the Equity Committee.

Judge Marvin Isgur of the U.S. Bankruptcy Court for the Southern
District of Texas, Houston Division, issued an order on June 26,
2014, converting ATP Oil & Gas Corporation's Chapter 11 case to
one
under Chapter 7 of the Bankruptcy Code.


AZURE MIDSTREAM: Covenant Problems Raises Going Concern Doubt
-------------------------------------------------------------
Azure Midstream Partners, LP, filed its quarterly report on Form
10-Q, disclosing a net loss of $8.39 million on $10.84 million of
total operating revenues for the three months ended June 30, 2016,
compared with a net loss of $1 million on $24.37 million of total
operating revenues for the same period last year.

For the six months ended June 30, 2016, the Company listed a net
loss of $121.96 million on $23.52 million of total operating
revenues, compared to a net loss of $5.38 million on $40.05 million
of total operating revenues for the same period in the prior year.

The Company's balance sheet at June 30, 2016, showed $418.37
million in total assets, $236.89 million in total liabilities, and
total partners' capital of $181.48 million.

The precipitous decline in oil and natural gas prices during 2015
and into 2016 has had a significant adverse impact on Azure
Midstream Partners, LP's business, and has impacted the
Partnership's ability to comply with financial covenants and ratios
in its Credit Agreement.  Based upon the Company's current
estimates and expectations for commodity prices in 2016, they do
not expect to remain in compliance with all of the restrictive
covenants contained in the Credit Agreement throughout 2016 unless
those requirements are waived or amended. Absent a waiver or
amendment, failure to meet these covenants and ratios would result
in a default and, to the extent the applicable lenders so elect, an
acceleration of the existing indebtedness, causing such debt of
approximately $214.5 million to be immediately due and payable.
The Partnership does not currently have adequate liquidity to repay
all of its outstanding debt in full if such debt were accelerated.

The Credit Agreement requires the Company to deliver audited,
consolidated financial statements without a "going concern" or like
qualification or exception. On March 29, 2016, the Partnership
entered into the Third Amendment. Pursuant to the Third Amendment,
they have received an agreement from its lenders that the default
resulting from non-compliance with its financial covenants and
ratios has been waived as it relates to the 2015 consolidated
financial statements.

Pursuant to the Third Amendment to the Credit Agreement, certain
other events of default have been waived until June 30, 2016. On
June 30, 2016, the Partnership entered into the Fourth Amendment to
the Credit Agreement, which extended the waiver of certain covenant
defaults until August 12, 2016. Notwithstanding the effects of
these waivers, it is unlikely that the Company can comply with the
leverage covenant currently contained in the Credit Agreement
during the next twelve months. If they cannot obtain from its
lenders a waiver of such potential breach or an amendment of the
leverage covenant, the Company's breach would constitute an event
of default that could result in an acceleration of substantially
all of its outstanding indebtedness. The Company would not have
sufficient capital to satisfy these obligations.

While the Fourth Amendment offers a temporary solution to the
defaults under the Credit Agreement, the Partnership still seeks a
long-term solution to its liquidity and covenants under the Credit
Agreement. These significant risks and uncertainties raise
substantial doubt about the Company's ability to continue as a
going concern.

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

                      https://is.gd/9kZcNO

Azure Midstream Partners, LP, is a Delaware limited partnership
formed in April 2013 by NuDevco Partners, LLC and its affiliates
("NuDevco") to develop, own, operate and acquire midstream energy
assets.  Through its wholly owned subsidiaries, Marlin Logistics,
LLC, Marlin Midstream, LLC and Azure ETG, they generate revenues by
charging fees for gathering, transporting, treating and processing
natural gas, transloading crude oil and selling or delivering NGLs
to third parties.



BALMORAL RACING: Gets Court Approval of Liquidating Plan
--------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Illinois on
August 11 approved the Chapter 11 liquidating plan of Balmoral
Racing Club, Inc. and Maywood Park Trotting Association Inc.

The court gave the thumbs-up to the plan after finding that it
complied with the requirements for confirmation under the
Bankruptcy Code.

The court also gave approval to the disclosure statement, which
explains the companies' liquidating plan.

The plan provides for the establishment of a trust to liquidate all
assets of the companies other than their real and personal
properties and restricted cash.

Barry Chatz, a partner at Arnstein & Lehr LLP, will be appointed as
trustee to make distributions to creditors entitled to share in the
trust assets.

The plan classifies general unsecured claims in Class 3.  General
unsecured creditors will receive pro rata payment in cash after
administrative claims and priority claims are paid in full.  

A copy of the liquidating plan is available for free at:   
http://bankrupt.com/misc/BalmoralRacing_Plan081116.pdf

                  About Balmoral Racing Club

Balmoral Racing Club, Inc., and Maywood Park Trotting Association,
Inc. operate pari-mutuel wagering at the Balmoral Park and Maywood
Park racetracks in Illinois under a license granted by the State of
Illinois pursuant to the Illinois Horse Racing Act of 1975.

Balmoral Racing Club (Bankr. N.D. Ill. Case No. 14-45711) and
Maywood Park Trotting Association (Bankr. N.D. Ill. Case No.
14-45718) filed for Chapter 11 bankruptcy protection on Dec. 24,
2014, to continue operations into 2015 and protect themselves
against property seizure.  Both cases were consolidated on
December
31, 2014.

Alexander F. Brougham, Esq., Chad H. Gettleman, Esq., and Nathan Q.
Rugg, Esq., at Adelman & Gettleman, Ltd., serve as the Debtors'
bankruptcy counsel.

Neither a trustee nor a committee of unsecured creditors has been
appointed in the Chapter 11 cases.


BARD COLLEGE: Moody's Lowers Rating $131MM Bonds to B1
------------------------------------------------------
Moody's Investors Service has downgraded the rating on
$131 million of Bard College Revenue Bonds issued by the Dutchess
County Industrial Development Agency and the Massachusetts
Development Finance Agency to B1 from Ba3.

The downgrade reflects ongoing declines in total cash and
investments pushing spendable cash and investments further into
negative territory and an increase in debt, including amounts
outstanding under lines of credit and lender financing incurred for
the purchase of an historic site adjacent to the
Annandale-on-Hudson campus.  Bard is increasingly dependent on
operating lines of credit, even as it expects to have violated
financial covenants in the bank agreements again for FY 2016.  The
ongoing depletion of liquidity and increased exposure to bank
agreements heightens the prospects for a liquidity crisis in the
absence of extraordinary donor support.  With a cash flow from
operations insufficient to cover debt service, prospects for a
material increase in liquidity apart from collecting pledges
receivable or benefitting from additional gifts remain slim.  A
settlement with the US Department of Justice for $4 million in FY
2016, adds to the prospects for weak operating performance.

The B1 rating also incorporates Bard's strong donor support and
sound student market position.  Additionally the Bard Graduate
Center benefits from an external trust that held $111 million in
investments as of June 30, 2016.

Rating Outlook
The negative outlook incorporates the profoundly vulnerable
liquidity profile of Bard.  Inability to maintain access to lines
of credit, ongoing reduction in cash and investments, or decline in
operating performance could drive a downgrade.

Factors that Could Lead to an Upgrade
  Significant improvement in liquidity and reduced reliance on
   lines of credit
  Sustained improvement in operating performance combined with
   enhanced financial planning and controls

Factors that Could Lead to a Downgrade
  Failure to maintain access to lines of credit or failure of
   bank(s) to forebear on covenant violation
  Slowing of gift receipts or expectations of donor support
  Additional debt including ongoing reliance on bank debt

Legal Security
  Repayment of the revenue bonds is an unsecured general
   obligation of Bard College.

The legal security on the Civic Facility Revenue Bonds, Series 2007
A-1 and 2007 A-2 and the Revenue Refunding Bonds, Simon's Rock
College of Bard Issue, Series 2007 requires a debt service reserve
fund in an amount equal to 50% of maximum annual debt service.  In
addition, there is a negative lien on tuition revenue and
facilities, subject to certain limited permitted liens.  There is
also an additional indebtedness test such that additional debt does
not exceed 100% of the market value of Total Net Assets from the
college's last audited financial statements less Net Investment in
Plant (depreciated property, plant and equipment less debt issued
for capital purposes).  As of FY 2016, the debt service reserve
fund was $4.7 million.

Use of Proceeds
Not applicable.

Obligor Profile
Bard College is a selective liberal arts college with over 3,000
full time equivalent students located in the Hudson River Valley,
90 miles north of New York City.  In addition to traditional
undergraduate studies, Bard offers an early college experience to
high school age students at Simon's Rock in Great Barrington,
Massachusetts and in eight urban centers as well as to New York
State inmates.  Recent expansions include acquisition of the Longy
School of Music in Cambridge, Massachusetts and Bard College
Berlin, a liberal arts university with an intensive program in
intellectual history.


BHUP YADAV: Unsecureds May Recoup Up to 70% Under Ch.11 Plan
------------------------------------------------------------
Bhup and Rita Yadav on August 11 filed with the U.S. Bankruptcy
Court for the Southern District of Illinois their proposed plan to
exit Chapter 11 protection.

Under the restructuring plan, unsecured creditors will receive as
much as 70% of their Class 7 claims with 0% interest.  

The Debtors will pay the creditors $642 per month for 60 months on
a pro rata basis.  The first payment will be made no later than 120
days after the effective date of the plan.

Class 7 claims consist of non-priority, non-contingent, undisputed,
liquidated, unsecured debts.

Meanwhile, creditors holding Class 8 claims, which consist of
non-priority, disputed, unsecured claims will receive nothing,
according to the Debtors' disclosure statement explaining the
plan.

A copy of the disclosure statement is available for free at:  
http://bankrupt.com/misc/BhupYadav_DS081116.pdf

                   About Bhup and Rita Yadav

Bhup and Rita Yadav sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S. D. Ill. Case No. 16-60312).  The Debtors
own and operate motels, including the 36-room U.S. Grant Motel
located at 1313 Lakeland Boulevard, Mattoon, Illinois.  The Debtors
financial problems began in 2011 after illegal settlers moved into
the U.S. Grant and allegedly caused considerable property damage,
and after they became victims of embezzlement.  The Debtors
estimate the total cost of damage at more than $60,000.

The Debtors are represented by:

     Roy Jackson Dent, Esq.
     Orr Law, LLC
     215 N. 4th Street
     Effingham, IL 62401
     Telephone 217-342-1212
     Facsimile 217-342-1214
     Email: roy.jackson.dent@gmail.com


BLUE SUN ST. JOE: To Liquidate Remaining Assets to Pay Creditors
----------------------------------------------------------------
Blue Sun St. Joe Refining LLC on August 11 filed with the U.S.
Bankruptcy Court for the Western District of Missouri its latest
Chapter 11 plan of liquidation.

The plan proposes to make payments to creditors by liquidating the
remaining assets of the company, Blue Sun Energy Inc., Blue Sun
Advanced Fuels LLC, and Blue Sun Biodiesel LLC.  

Proceeds from liquidating the assets, which include avoidance
actions, will be placed in separate funds from which creditors will
be paid pro rata.

Under the plan, claims against each company will be paid only to
the extent of available proceeds from the liquidation of the assets
of such company.

General unsecured creditors of each company will receive their pro
rata share of the proceeds after administrative expense claims and
priority claims are paid in full, according to the disclosure
statement explaining the latest plan.

A copy of the disclosure statement is available for free at
http://bankrupt.com/misc/BlueSun_DS081116.pdf

The companies on November 12 last year filed their initial plan,
which proposed a liquidation of the remaining assets through a sale
and appointment of a liquidating trustee.  On December 29, the
court conditionally approved the disclosure statement explaining
the original plan.  

On February 8, the companies backed out from a deal to sell their
assets to Joann Horton Family Limited Partnership, and withdrew
their original plan.

                      About Blue Sun St. Joe

Originally founded in 2001 as SunFuels, Inc., privately-held Blue
Sun Energy Inc. introduced biodiesel into the existing petroleum
fuels pool by focusing on an integrated approach to addressing
market needs.  In 2004, Blue Sun Energy developed the proprietary
Fusion(TM) brand of biodiesel fuel.  Early in 2012, Blue Sun
Biodiesel also established a downstream terminal presence for
biodiesel blending in Knoxville, TN.  In 2012, Blue Sun St. Joe
Refining began operating the St. Joe refinery to produce
high-quality biodiesel for wholesale distribution.

Blue Sun St. Joe Refining, LLC, and its three affiliates sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. W.D.
Mo., Case No. 15-42231) on July 31, 2015.  The cases are assigned
to Judge Arthur B. Federman.

The Debtors engaged as bankruptcy counsel Jeffrey A. Deines, Esq.,
at Lentz Clark Deines PA, in Overland Park, Kansas; and Todd A.
Burgess, Esq., John R. Clemency, Esq., and Lindsi M. Weber, Esq.,
at Gallagher & Kennedy, P.A., in Phoenix, Arizona.  MCA Financial
Group, Ltd. serves as their financial advisors.

The Official Committee of Unsecured Creditors retained Stinson
Leonard Street LLP as its counsel.


BON-TON STORES: Brigade Capital Reports 13.02% Equity Stake
-----------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, the following reporting persons disclosed beneficial
ownership of The Bon-Ton Stores, Inc.'s common stock as of
Aug. 11, 2016:

                                     No. of Shares  
                                     Beneficially    Percentage
        Name                            Owned         of Class
  -----------------                  -------------   ----------
Brigade Capital Management, LP         2,554,493       13.02%
Brigade Capital Management GP, LLC     2,554,493       13.02%
Brigade Leveraged Capital              2,069,493       10.55%
Structures Fund Ltd.
Donald E. Morgan, III                  2,554,493       13.02%

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

                     https://is.gd/9GiEDh

                     About Bon-Ton Stores

The Bon-Ton Stores, Inc., with corporate headquarters in York,
Pennsylvania and Milwaukee, Wisconsin, operates 270 stores, which
includes nine furniture galleries and four clearance centers, in
26 states in the Northeast, Midwest and upper Great Plains under
the Bon-Ton, Bergner's, Boston Store, Carson's, Elder-Beerman,
Herberger's and Younkers nameplates.  The stores offer a broad
assortment of national and private brand fashion apparel and
accessories for women, men and children, as well as cosmetics and
home furnishings.  For further information, please visit the
investor relations section of the Company's Web site at
http://investors.bonton.com/

Bon-Ton Stores reported a net loss of $57.05 million on $2.71
billion of net sales for the fiscal year ended Jan. 30, 2016,
compared to a net loss of $6.97 million on $2.75 billion of net
sales for the fiscal year ended Jan. 31, 2015.

As of April 30, 2016, Bon-Ton had $1.51 billion in total assets,
$1.51 billion in total liabilities, and a $1.25 million total
shareholders' deficit.

                           *     *     *

As reported in the TCR on Dec. 4, 2015, Moody's Investors Service
downgraded Bon-Ton Stores's Corporate Family Rating to 'Caa1' from
B3. The company's Speculative Grade Liquidity rating was affirmed
at SGL-2.  The rating outlook is stable.  The downgrade considers
the continuing and persistent negative pressure on Bon-Ton's
revenue and EBITDA margins which has been accelerating during the
course of fiscal 2015.

As reported by the TCR on June 29, 2016, S&P Global Ratings lowered
its corporate credit rating on the York, Pa.-based The Bon-Ton
Stores Inc. to 'CCC' from 'CCC+'.  The outlook is negative.  "The
downgrade reflects our revision of the company's liquidity to weak,
increasing refinancing risk for an upcoming debt maturity in
mid-2017, and that a default is likely within 12 months absent an
meaningful turnaround in operating results," said credit analyst
Mathew Christy.  "Our view considers the June 20, 2016,
announcement that a previously agreed upon sales-leaseback of three
company-owned stores was terminated, which we believe suggests
sustained industry weakness and operating performance for Bon-Ton."


BON-TON STORES: Completes New $150 Million ABL Term Loan
--------------------------------------------------------
The Bon-Ton Stores, Inc., announced that it has successfully
completed the closing of a new $150 million ABL Term Loan that
matures in March 2021.

The new $150 million ABL Term Loan replaces the existing $100
million A-1 Tranche of the Company's credit facility and increases
the total commitment under the facility to $880 million.  The ABL
Term Loan was placed with institutional lenders and bears interest
at a rate of LIBOR plus 950 basis points.  The Company will use
approximately $75 million of the net proceeds to reduce all amounts
currently outstanding under the existing A-1 tranche of its credit
facility which matures in  December, 2018, and the balance of the
net proceeds will be used to enhance the Company's liquidity and
retire the remaining $57MM of its Senior Notes due 2017.

In commenting on the transaction, Nancy Walsh, Bon-Ton's executive
vice president, chief financial officer said, "We are pleased to
announce this refinancing which enhances our borrowing capacity and
extends our debt maturities.  We have successfully added liquidity
which will facilitate the retirement of our 2017 Notes.  We
appreciate the strong support of our existing bank group as well as
the new institutional lenders in the ABL Term Loan."

Additional information is available for free at:

                     https://is.gd/F172dV

                     About Bon-Ton Stores

The Bon-Ton Stores, Inc., with corporate headquarters in York,
Pennsylvania and Milwaukee, Wisconsin, operates 270 stores, which
includes nine furniture galleries and four clearance centers, in
26 states in the Northeast, Midwest and upper Great Plains under
the Bon-Ton, Bergner's, Boston Store, Carson's, Elder-Beerman,
Herberger's and Younkers nameplates.  The stores offer a broad
assortment of national and private brand fashion apparel and
accessories for women, men and children, as well as cosmetics and
home furnishings.  For further information, please visit the
investor relations section of the Company's Web site at
http://investors.bonton.com.       

Bon-Ton Stores reported a net loss of $57.05 million on $2.71
billion of net sales for the fiscal year ended Jan. 30, 2016,
compared to a net loss of $6.97 million on $2.75 billion of net
sales for the fiscal year ended Jan. 31, 2015.

As of April 30, 2016, Bon-Ton had $1.51 billion in total assets,
$1.51 billion in total liabilities, and a $1.25 million total
shareholders' deficit.

                           *     *     *

As reported in the TCR on Dec. 4, 2015, Moody's Investors Service
downgraded Bon-Ton Stores's Corporate Family Rating to Caa1 from
B3. The company's Speculative Grade Liquidity rating was affirmed
at SGL-2.  The rating outlook is stable.  The downgrade considers
the continuing and persistent negative pressure on Bon-Ton's
revenue and EBITDA margins which has been accelerating during the
course of fiscal 2015.

As reported by the TCR on June 29, 2016, S&P Global Ratings lowered
its corporate credit rating on the York, Pa.-based The Bon-Ton
Stores Inc. to 'CCC' from 'CCC+'.  The outlook is negative.  "The
downgrade reflects our revision of the company's liquidity to weak,
increasing refinancing risk for an upcoming debt maturity in
mid-2017, and that a default is likely within 12 months absent an
meaningful turnaround in operating results," said credit analyst
Mathew Christy.  "Our view considers the June 20, 2016,
announcement that a previously agreed upon sales-leaseback of three
company-owned stores was terminated, which we believe suggests
sustained industry weakness and operating performance for Bon-Ton."


BREITBURN ENERGY: Hires Coghlan Crowson as Special Counsel
----------------------------------------------------------
Breitburn Energy Partners LP, et al., seek authority from the U.S.
Bankruptcy Court for the Southern District of New York to employ
Coghlan Crowson LLP as special litigation counsel to the Debtors.

Breitburn Energy requires Coghlan Crowson to:

   a. take all necessary action to protect and preserve the
      Debtors' estates, including the prosecution of actions on
      the Debtors' behalf, the defense of any actions commenced
      against the Debtors, the negotiation of disputes in which
      the Debtors are involved; prosecuting counter-claims,
      cross-claims or third party claims as deemed necessary or
      required; and

   b. perform all other necessary legal services in connection
      with the defense of the Texas Litigations; provided, that
      if CCLLP determines that such services fall outside of the
      scope of services historically or generally performed by
      CCLLP as lead counsel in the Texas Litigations, CCLLP will
      file a supplemental declaration;

Breitburn Energy will be paid at these hourly rates:

     Partners             $275

     Associates           $200

     Paralegals           $100

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

The following is provided in response to the request for additional
information as follows:

   Question (a): Did you agree to any variations from, or
                 alternatives to, your standard or customary
                 billing arrangements for this engagement?

   Response    : No.

   Question (b): Do any of the professionals included in this
                 engagement vary their rate based on the
                 geographic location of the bankruptcy case?

   Response    : No.

   Question (c): If you represented the client in the 12 months
                 prepetition, disclose your billing rates and
                 material financial terms for the prepetition
                 engagement, including any adjustments during the
                 12 months prepetition. If your billing rates and
                 material financial terms have changed
                 postpetition, explain the difference and the
                 reasons for the difference.

   Response    : Partners $275/hr; Associates $200/hr; Paralegals
                 $100/hr. Expenses reimbursed. No retainer for
                 services. Billed monthly.

   Question (d): Has your client approved your prospective budget
                 and staffing plan, and, if so, for what budget
                 period?

   Response    : Staffing has been approved. The Debtors have not
                 requested nor been provided with a budget.

Rickey L. Faulkner, members of the law firm Coghlan Crowson, 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.

Coghlan Crowson can be reached at:

     Rickey L. Faulkner, Esq.
     COGHLAN CROWSON, LLP
     1127 Judson Rd 211
     Longview, TX 75601
     Tel: (903) 758-5543

                       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.


CALMARE THERAPEUTICS: Delays Filing of June 30 Form 10-Q
--------------------------------------------------------
Calmare Therapeutics Incorporated was unable, without unreasonable
effort or expense, to file its quarterly report on Form 10-Q for
the period ended June 30, 2016, by the Aug. 15, 2016, filing date
applicable to smaller reporting companies due to a delay
experienced by the Company in completing its financial statements
and other disclosures in the Quarterly Report.  As a result, the
Company is still in the process of compiling required information
to complete the Quarterly Report and its independent registered
public accounting firm requires additional time to complete its
review of the financial statements for the period ended June 30,
2016, to be incorporated in the Quarterly Report.  The Company
anticipates that it will file the Quarterly Report no later than
the fifth calendar day following the prescribed filing date.

                    About Calmare Therapeutics

Calmare Therapeutics Incorporated, formerly known as Competitive
Technologies, Inc., provides distribution, patent and technology
transfer, sales and licensing services focused on the needs of its
customers and matching those requirements with commercially viable
product or technology solutions.  Sales of the Company's
Calmare(R) pain therapy medical device continue to be the major
source of revenue for the Company.

Calmare reported a net loss of $3.67 million on $891,000 of product
sales for the year ended Dec. 31, 2015, compared to a net loss of
$3.41 million on $1.04 million of product sales for the year ended
Dec. 31, 2014.

As of March 31, 2016, Calmare had $4.29 million in total assets,
$15.4 million in total liabilities and a total shareholders'
deficit of $11.1 million.

Mayer Hoffman McCann CPAs, in New York, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2015, citing that the Company has incurred operating
losses since fiscal year 2006 and has a working capital and
shareholders' deficiency at Dec. 31, 2015.  These conditions raise
substantial doubt about the Company's ability to continue as a
going concern.


CAPITOL BC: Hires Murphy & King as Counsel
------------------------------------------
Capitol BC Restaurants, LLC, seeks authority from the U.S.
Bankruptcy Court for the District of Massachusetts to employ Murphy
& King, P.C. as counsel to the Debtor.

Capitol BC requires Murphy & King to:

   a. advise the Debtor with respect to its rights, powers, and
      duties as a debtor-in-possession in the continued operation
      and management of its business and properties;

   b. advise the Debtor with respect to any plan and any other
      matters relevant to the formulation and negotiation of a
      plan in this case;

   c. represent the Debtor at all hearings and matters in this
      bankruptcy case;

   d. prepare on the Debtor's behalf, all necessary and
      appropriate applications, motions, answers, orders,
      reports, and other pleadings and other documents in this
      bankruptcy case;

   e. advise the Debtor with respect to, and assist in the
      negotiation and documentation of, financing agreements,
      debt and cash collateral orders, and related transactions;

   f. review and analyze the nature and validity of any liens
      asserted against the Debtor's property and advising the
      Debtor concerning the enforceability of such liens;

   g. advise the Debtor regarding its ability to initiate actions
      to collect and recover property for the benefit of its
      estate;

   h. advise and assist the Debtor in connection with the sale of
      any of the Debtor's assets;

   i. advise the Debtor concerning executory contracts and
      unexpired leases and the assumption, assignment, rejection,
      restructuring and/or recharacterization of such contracts
      and leases;

   j. review and analyze the claims of the Debtor's creditors,
      the treatment of such claims and the preparation, filing or
      prosecution of any objections to claims;

   k. commence and conduct any and all litigation necessary or
      appropriate to assert rights held by the Debtor, protect
      assets of the Debtor's Chapter 11 estate or otherwise
      further the goal of completing the Debtor's bankruptcy
      case; and

   l. perform all other legal services and providing all other
      necessary legal advice to the Debtor as debtor-in-
      possession which may be necessary in the Debtor's
      bankruptcy case.

Murphy & King will be paid based upon its normal and usual hourly
billing rates.

Murphy & King will also be reimbursed for reasonable out-of-pocket
expenses incurred.

D. Ethan Jeffrey, member of the law firm Murphy & King, 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 Debtors and their
estates.

Erickson Group can be reached at:

     D. Ethan Jeffery, Esq.
     MURPHY & KING, P.C.
     One Beacon Street
     Boston, MA 02108-3107
     Tel: (617) 423-0400
     Fax: (617) 556-8985
     E-mail: ejeffery@murphyking.com

                     About Capitol BC, LLC

Capitol BC, LLC filed a Chapter 11 bankruptcy petition (Bankr.
M.D.N.C.. Case No. 15-10411) on June 10, 2016.  Hon. Joan N. Feeney
presides over the case.  Murphy & King professionals represents the
Debtor as counsel. In its petition, the Debtor estimated $1 million
to $10,000 million in assets and $10 million to $50 million in
liabilities. The petition was signed by Bruce A. Erickson, CRO.


CARMEN VARA: Disclosure Statement Hearing Set for Sept. 20
----------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Florida will
consider approval of the disclosure statement explaining the
Chapter 11 plan of Carmen Vara at a hearing on September 20.

The hearing will be held at 9:30 a.m., at the U.S. Bankruptcy
Court, Courtroom A, 8th Floor, 1515 North Flagler Drive, West Palm
Beach, Florida.  Objections are due by September 13.

The Debtor is represented by:

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

                       About Carmen Vara

Carmen Vara sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. S.D. Fla. Case No. 15-14888) on March 17, 2015.  The
case is assigned to Judge Paul G. Hyman, Jr.


CATASYS INC: Significant Losses Raise Going Concern Doubt
---------------------------------------------------------
Catasys, Inc., filed with the Securities and Exchange Commission
its quarterly report on Form 10-Q disclosing a net loss of $4.72
million on $1.22 million of revenues for the three months ended
June 30, 2016, compared to a net loss of $587,000 on $472,000 of
revenues for the three months ended June 30, 2015.

For the six months ended June 30, 2016, the Company reported a net
loss of $9.01 million on $1.95 million of revenues compared to a
net loss of $847,000 on $905,000 of revenues for the same period
last year.

As of June 30, 2016, Catasys had $2.06 million in total assets,
$19.5 million in total liabilities and a total stockholders'
deficit of $17.4 million.

As of Aug. 12, 2016, the Company had a balance of approximately
$1.5 million cash on hand.  The Company had working capital deficit
of approximately $16 million at June 30, 2016.  The Company has
incurred significant operating losses and negative operating cash
flows since its inception.  The Company could continue to incur
negative cash flows and operating losses for the next twelve
months.  The Company's current cash burn rate is approximately
$450,000 per month, excluding non-current accrued liability
payments.

"We expect our current cash resources to cover expenses through
September 2016; however delays in cash collections, revenue, or
unforeseen expenditures could impact this estimate.  We are in need
of additional capital, however, there is no assurance that
additional capital can be timely raised in an amount which is
sufficient for us or on terms favorable to us and our stockholders,
if at all.  If we do not obtain additional capital, there is a
significant doubt as to whether we can continue to operate as a
going concern and we will need to curtail or cease operations or
seek bankruptcy relief.  If we discontinue operations, we may not
have sufficient funds to pay any amounts to stockholders," the
Company stated in the report.

"We have incurred significant operating losses and negative cash
flows from operations since our inception.  During the six months
ended June 30, 2016, our cash used in operating activities was $2.9
million.  We anticipate that we could continue to incur negative
cash flows and net losses for the next twelve months.  The
financial statements do not include any adjustments relating to the
recoverability of the carrying amount of the recorded assets or the
amount of liabilities that might result from the outcome of this
uncertainty.  As of June 30, 2016, these conditions raised
substantial doubt as to our ability to continue as a going
concern."

The Company's quarterly report on Form 10-Q is available from the
SEC website at https://is.gd/a7Ve14

                        About Catasys Inc.

Based in Los Angeles, California, Hythiam, Inc., n/k/a Catasys,
Inc., is a healthcare services management company, providing
through its Catasys(R) subsidiary specialized behavioral health
management services for substance abuse to health plans.

Catasys reported a net loss of $7.22 million on $2.70 million of
revenues for the year ended Dec. 31, 2015, compared to a net loss
of $27.3 million on $2.03 million of revenues for the year ended
Dec. 31, 2014.

Rose, Snyder & Jacobs LLP, in Encino, California, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the Company has continued
to incur significant operating losses and negative cash flows from
operations during the year ended Dec. 31, 2015, and continues to
have negative working capital at Dec. 31, 2015.  These conditions
raise substantial doubt about the Company's ability to continue as
a going concern.


CCNG ENERGY: Plan Outline Okayed, Confirmation Hearing on Sept. 22
------------------------------------------------------------------
The U.S. Bankruptcy Court for the Western District of Texas will
consider confirmation of the Chapter 11 plan of liquidation of
Trinity Environmental Services, LLC and four other affiliates of
CCNG Energy Partners, L.P. at a hearing on September 22.

The hearing will be held at 2:00 p.m., at Hipolito F. Garcia
Federal Building and United States Courthouse, Room 383, 615 E.
Houston Street, San Antonio, Texas.

The court will also consider at the hearing the final approval of
the Debtors' disclosure statement, which it conditionally approved
on August 10.

The court order set a September 13 deadline for creditors to cast
their votes and file their objections to the plan.  

                       About CCNG Energy

CCNG Energy Partners, L.P., et al., are engaged in the business of
(a) disposing of non-hazardous oil and gas exploration and
production waste, such as mud cuttings and other solid oilfield
waste along with waste water produced during the hydraulic
fracturing and production processes, (b) truck and oilfield
equipment cleaning services, and (c) selling recovered oil and
brine.

CCNG Energy Partners, L.P. (the "Parent"), CCNG Energy Partners GP,
L.L.C. ("CCNG GP"), Trinity Environmental SWD, L.L.C., Trinity
Environmental Catarina SWD, L.L.C., Trinity Environmental Titan
Trucking, L.L.C., Moss Bluff Property, L.L.C. and Trinity
Environmental Services, L.L.C. (collectively, the "Operating
Subsidiaries") filed Chapter 11 bankruptcy petitions (Bankr. W.D.
Tex. Proposed Lead Case No. 15-70136) on Oct. 12, 2015.  The
petition was signed by Daniel B. Porter as CEO of General Partner.

All of the Debtors' operations are performed by the Operating
Subsidiaries.

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

The Debtors were initially represented by Taube Summers Harrison
Taylor Meinzer Brown LLP.  After the firm's merger with Waller
Lansden Dortch & Davis, LLP, the Debtors have hired Waller Lansden
as counsel.

Judge Ronald B. King is assigned to the case.

The Debtors are engaged in the disposal of produced saltwater and
waste from the exploration and production of oil and gas.

In 2015, the Office of the U.S. Trustee appointed six creditors to
the official committee of unsecured creditors.  The creditors are
Sun Coast Resources Inc., KBK Industries, Sabine Storage &
Operations Inc., Cambrian Management Ltd., WLP Oilfield Services,
and Dolphin Services & Chemicals LLC.  The Committee hired Gardere
Wynne Sewell LLP as its counsel.


CHARLES SISSON: Liable for 2007 Self-Employment Tax, Court Says
---------------------------------------------------------------
The United States Tax Court held that Charles Sisson is liable for
self-employment tax.

The case is CHARLES A. SISSON AND MARALEE M. SISSON, Petitioners,
v. COMMISSIONER OF INTERNAL REVENUE, Respondent, Docket No.
16614-09 (Tax).

On April 7, 2009, the Internal Revenue Service issued a notice of
deficiency to Charles A. Sisson and Maralee M. Sisson, for the
2005, 2006, and 2007 tax years.

On July 9, 2009, the Sissons filed a petition with the Tax Court
for redetermination.  Since then, various aspects of the case have
been resolved through (1) a partial dismissal for lack of
jurisdiction, (2) stipulations of the parties, and (3) waiver of
arguments by the parties.  The issue that remains is the Sissons'
contention that Charles Sisson is not liable for self-employment
tax for 2007 because his bankruptcy estate is liable.

The Tax Court rejected the Sissons' argument that Charles Sisson's
bankruptcy estate is liable for the self-employment tax, and held
that he is liable for the self-employment tax on his earnings for
2007 as an employee of the International Monetary Fund.

A full-text copy of the Tax Court's August 1, 2016 order is
available at https://is.gd/KlhOzx from Leagle.com.

Respondent is represented by:

          David L. Zoss, Esq.
          175 5th St., E.
          P.O. Box 90.
          St. Paul, MN 55101

Charles Sisson filed a voluntary petition under chapter 11 of the
Bankruptcy Code on June 23, 2006.


CHECKOUT HOLDING: S&P Lowers CCR to CCC+ on High Debt Leverage
--------------------------------------------------------------
S&P Global Ratings said that it lowered its corporate credit
ratings on St. Petersburg, Fla.-based Checkout Holding Corp. and
its subsidiary Catalina Marketing Corp. (collectively Checkout
Holding) to 'CCC+' from 'B-'.  The rating outlook is negative.

At the same time, S&P lowered its issue-level rating on Checkout
Holding's first-lien revolving credit and term loan facility to
'B-' from 'B'.  The '2' recovery rating is unchanged, indicating
S&P's expectation for substantial recovery (70%-90%; lower half of
the range) of principal in the event of a payment default.

S&P also lowered its issue-level rating on Checkout Holding's
second-lien term loan to 'CCC-' from 'CCC'.  The '6' recovery
rating remains unchanged, indicating S&P's expectation for
negligible recovery (0%-10%) of principal in the event of a payment
default.

"The rating action is based on our view that Checkout Holding's
high debt leverage, which is driven by the company's ultimate
parent PDM (Holdings) Ltd.'s (not rated) increasing payment-in-kind
(PIK) notes, has created an unsustainable capital structure," said
S&P Global Ratings' credit analyst Dylan Singh.  The notes have a
mandatory PIK period until April 2016, after which Checkout Holding
has the option to either continue to utilize an all-PIK interest
payment at 11.25% annually, make a combination of cash and PIK
payments at 5.4375% each annually, or make an all-cash interest
payment of 10.50% annually.  The notes become mandatory all cash
payment after April 2019.

"We believe that Checkout Holding's cash flow won't be sufficient
to make cash interest payments on the PIK notes," said Mr. Singh.
"As a result, we believe the company will need to refinance or
recapitalize its capital structure, before April 2019."  Given that
revenue growth depends on a large set of economic factors that are
not completely within management's control, a poor ad booking
season could result in negative cash flow that could accelerate the
expected liquidity constraints and reduce the company's ability to
manage its high leverage.

The negative rating outlook reflects S&P's view that the growing
PIK notes at Checkout Holding's parent, PDM (Holdings) Ltd., has
led to an unsustainable capital structure and the company's cash
flow growth may not be sufficient to cover the elevated interest
when the PIK notes turn cash pay in 2019.

S&P could lower its corporate credit rating on Checkout Holding if
the company doesn't address its growing PIK liability.  S&P could
also lower the rating if the company's discretionary cash flow to
debt weakens and remains consistently below 0% due to either cash
flow constraints once interest payments for the PIK notes begin or
weaker-than-expected revenue and EBITDA growth over the next 12-18
months.

S&P could raise the rating if it believes Checkout Holding's
discretionary cash flow to debt remains at 2.5%–3%, at least, on
a consistent basis, such that the company would have sufficient
cash flow to meet all its obligations, including the PIK cash
interest payments and mandatory annual term loan amortization,
without needing to access its revolving credit facility.


CICERO INC: Incurs $568,000 Q2 Loss, Raises Going Concern Doubt
---------------------------------------------------------------
Cicero Inc. filed with the Securities and Exchange Commission its
quarterly report on Form 10-Q disclosing a net loss of $568,000 on
$346,000 of total operating revenue for the three months ended June
30, 2016, compared with a net loss of $670,000 on $509,000 of total
operating revenue for the three months ended June 30, 2015.

For the six months ended June 30, 2016, the Company reported a net
loss of $1.17 million on $753,000 of total operating revenue
compared to a net loss of $1.53 million on $968,000 of total
operating revenue for the six months ended June 30, 2015.

As of June 30, 2016, Cicero had $2.43 million in total assets,
$10.82 million in total liabilities and a total stockholders'
deficit of $8.39 million.

The Company has incurred an operating loss of approximately $2.84
million for the year ended Dec. 31, 2015, and has a history of
operating losses.  For the six months ended June 30, 2016, the
Company incurred losses of $1.17 million and had a working capital
deficiency of $10.07 million as of June 30, 2016.  Management
believes that its repositioned strategy of leading with its
Discovery product to use analytics to measure and then manage how
work happens will shorten the sales cycle and allow for value based
selling to our customers and prospects.  The Company anticipates
success in this regard based upon current discussions with active
customers and prospects.  The Company has borrowed $453,000 and
$2,275,000 in 2016 and 2015, respectively.  The Company has also
repaid approximately $4,000 and $210,000 of debt in 2016 and 2015,
respectively.  Additionally, in April 2015, the Company's Chairman,
Mr. Launny Steffens, converted $6.95 million of debt into
69,505,140 shares of common stock of the Company.  In July 2015,
the Company completed a sale of 25 million shares of its common
stock and warrants to purchase up to 205,277,778 shares of its
common stock to a group of nine investors, led by the Company's
Chairman of the Board, John (Launny) Steffens and the Privet Group,
LLC, for $1.00 million.  Should the investors exercise the
warrants, which have exercise prices ranging from $0.04 to $0.05
per share, the Company would receive an additional $9.00 million in
proceeds.  The warrants expire in three years.

"Should the Company be unable to secure customer contracts that
will drive sufficient cash flow to sustain operations, the Company
will be forced to seek additional capital in the form of debt or
equity financing; however, there can be no assurance that such debt
or equity financing will be available on terms acceptable to the
Company or at all.  These factors raise substantial doubt about the
Company's ability to continue as a going concern," the Company said
in the report.

Cash and cash equivalents decreased to $657,000 at June 30, 2016
from $1.009 million at Dec. 31, 2015, a decrease of $352,000.  The
decrease is primarily attributable to expenses in the first six
months of 2016 and a reduction of accounts payable partially offset
by collections of accounts receivable from year end, revenue
generated in the first six months of 2016 and short term
borrowings.

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

                       About Cicero Inc.

Cary, N.C.-based Cicero, Inc., provides business integration
software solutions and also provides technical support, training
and consulting services as part of its commitment to providing
customers with industry-leading solutions.

The Company focuses on the customer experience management market
with emphasis on desktop integration and business process
automation with its Cicero XM(TM) products.  Cicero XM enables the
flow of data between different applications, regardless of the
type and source of the application, eliminating redundant entry
and costly mistakes.

Cicero Inc. reported a net loss applicable to common stockholders
of $3.81 million on $1.94 million of total operating revenue for
the year ended Dec. 31, 2015, compared to a net loss applicable to
common stockholders of $4.05 million on $1.90 million of total
operating revenue for the year ended Dec. 31, 2014.

Cherry Bekaert LLP, in Raleigh, North Carolina, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, noting that the Company has suffered
recurring losses from operations and has a working capital
deficiency as of Dec. 31, 2015.  These conditions raise substantial
doubt about the Company's ability to continue as a going concern.


CLAIRE'S STORES: Moody's Lowers PDR to Ca-PD on Exchange Offer
--------------------------------------------------------------
Moody's Investors Service downgraded the Probability of Default
rating for Claire's Stores, Inc. to Ca-PD from Caa3-PD, and
downgraded various debt instruments as outlined below.  The Caa3
Corporate Family rating and negative outlook are unaffected.  These
actions are in reaction to the company's announcement on Aug. 12,
2016 of an exchange offer.  Moody's expects to upgrade the PDR to
Caa3-PD/LD upon the closing of the exchange offer.

Downgrades:

Issuer: Claire's Stores, Inc.

  Probability of Default Rating, Downgraded to Ca-PD from Caa3-PD

  Senior Subordinated Regular Bond/Debenture, Downgraded to
   C(LGD6) from Ca(LGD6)

  Senior Secured Regular Bond/Debenture, Downgraded to C(LGD4)
   from Caa3(LGD4)

  Senior Unsecured Regular Bond/Debenture, Downgraded to C(LGD4)
   from Ca(LGD4)

                         RATINGS RATIONALE

"While the planned exchange offer, which impacts approximately $800
million of debt, and which we will consider a distressed exchange,
will result in holders accepting around $571 million in 'haircuts',
alleviates liquidity stress and reduces leverage, the company is
still faced with acute operational and competitive challenges,"
stated Moody's Vice President Charlie O'Shea.

Claire's Caa3 Corporate Family Rating reflects its unsustainable
capital structure at present operating performance levels, making
further restructuring likely, especially given the relative size of
the debt burden.  The rating also reflects the company's very high
leverage, weak interest coverage, and precarious liquidity, with
the possibility that the revolver will be insufficient to fund
operations over the next 12 months.  Claire's debt to EBITDA was
approximately 8.6 times and EBITA to interest expense was 0.8 times
for the twelve months ended April 30, 2016.  Moody's expects
Claire's credit metrics will remain weak over the next twelve
months even assuming the exchange is completed, with pro forma
debt/EBITDA of around 7 times.  Claire's earnings will remain flat
off of its 2015 levels due to the increasingly competitive
landscape, difficult mall traffic trends, and economic headwinds
surrounding Europe (including FX volatility and terror threats).
Conversely, Moody's expects residual positive momentum as Claire's
continues to strategically shift its focus "off-mall" and expands
the concession format, leverages wholesale opportunities, and grows
e-commerce.  Claire's Caa3 Corporate Family Rating is supported by
its value positioned price points, international geographic
presence, well-known brand name, and despite recent declines, its
EBITDA margin remains high relative to its specialty peers.  The
negative outlook reflects our concerns that acute operational and
competitive challenges will result in continued weak performance,
with negative free cash flow likely to persist. Given the continued
deterioration in operating performance and capital structure
concerns, an upgrade of Claire's is unlikely over the near term.
Ratings could be downgraded if Claire's operating performance,
liquidity, and/or interest coverage deteriorate, or if the
company's probability of default were to increase for any reason.

Claire's Stores, Inc., headquartered in Hoffman Estates, IL, is a
specialty retailer of value-priced jewelry and fashion accessories
for pre-teens and young adults in 44 countries in North America,
Europe, the Middle East, Central America, and South America.  It
operates 2,876 stores and franchises 539 stores.  Revenues are
about $1.4 billion.  Claire's is owned by Apollo.

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


CLAIRE'S STORES: Offers to Swap Senior Notes for New Term Loans
---------------------------------------------------------------
Claire's Stores, Inc., announced that it has commenced a private
offer to exchange, upon the terms and conditions set forth in a
confidential offer to exchange statement dated Aug. 12, 2016, and a
related letter of transmittal, any and all of its outstanding
8.875% Senior Secured Second Lien Notes due 2019, 7.750% Senior
Notes due 2020, and 10.500% Senior Subordinated Notes due 2017 held
by Eligible Holders, for up to $40.0 million of new Senior Secured
Term Loans maturing 2021 of Claire's Stores, Inc., up to $130.0
million of new Senior Secured Term Loans maturing 2021 of CLSIP
LLC, which is a newly formed unrestricted subsidiary of Claire's
Stores and up to $60.0 million of new Senior Term Loans maturing
2021 of Claire's (Gibraltar) Holdings Limited, the holding company
of Claire's Stores' European operations.

The Term Loans will be made pursuant to term loan agreements to be
entered into by the Company, CLSIP and Claire's Gibraltar,
respectively, and The Bank of New York Mellon Trust Company, N.A.,
as Administrative Agent.  Each of the Term Loans will have a
maturity date of the fifth anniversary of the Settlement Date (as
defined in the Offer to Exchange Statement) and will bear interest
at a rate per annum of 9.0%.  The Claire's Stores Term Loan will be
guaranteed by all of Claire's Stores domestic subsidiaries and
secured on a first priority basis by substantially all the assets
of Claire's Stores and the guarantor subsidiaries.  The CLSIP Term
Loan will be secured by substantially all the assets of CLSIP,
consisting only of certain intellectual property assets to be
contributed to CLSIP by a subsidiary of Claire's Stores and an
agreement between CLSIP and such subsidiary that provides that
Claire's Stores may continue to have exclusive use of such
intellectual property in return for annual payments of $12.0
million.  The CLSIP Term Loan will be guaranteed by CLSIP's parent,
CLSIP Holdings LLC, which will secure the guarantee with a pledge
to the equity of CLSIP.  It will not be guaranteed by Claire's
Stores or any of its other subsidiaries.  The Claire's Gibraltar
Term Loan will be unsecured and not guaranteed by Claire's Stores
or any of its other subsidiaries.

In connection with the Exchange Offer, Claire's Stores will
complete a refinancing transaction with the lenders under its
existing $115.0 million revolving credit facility.  Pursuant to
this refinancing,

   * Claire's Gibraltar will be party to a new $40.0 million
     credit agreement maturing Feb. 4, 2019, with the lenders of
     the U.S. Credit Facility, the proceeds of which will be used
     to reduce outstanding amounts under the U.S. Credit Facility
     by $40 million;

   * Claire's Stores, its domestic subsidiaries and Claire's Inc.,
     its corporate parent, will be parties to a new ABL credit
     agreement maturing Feb. 4, 2019, providing for revolving
     credit loans that will have a primary lien on ABL collateral,
     and availability subject to a borrowing base, of up to $75.0
     million less any amounts outstanding under the U.S. Credit
     Facility, the proceeds of which ABL Credit Facility will be
     used to reduce outstanding amounts under the U.S. Credit
     Facility;

   * The availability of the U.S. Credit Facility will be reduced
     to an amount equal to $75.0 million less any amounts
     outstanding under the ABL Credit Facility from time-to-time;
     and

   * The maturity of the U.S. Credit Facility will be extended
     until Feb. 4, 2019.

Claire's Gibraltar and certain subsidiaries are party to an
unsecured multi-currency revolving credit facility in the amount of
$50.0 million that matures Aug. 20, 2017.  Consent of the lender
under the Europe Credit Facility is required for the consummation
of the Exchange Offer, and in addition, consent of the lender is
required to allow Claire's Gibraltar to distribute cash to Claire's
Stores in an amount required to enable Claire's Stores to fund its
near term debt service and other obligations. The lender has
declined to provide such consents.  The Exchange Offer is
conditioned on (i) the lender agreeing to an amendment satisfactory
to Claire's Gibraltar providing the foregoing consents, or (ii) the
refinancing of the Europe Credit Facility with new debt
arrangements satisfactory to Claire's Gibraltar that allow the
Exchange Offer and distributions of cash from Claire's Gibraltar in
amounts sufficient for Claire's Stores.

The Exchange Offer will expire at one minute after 11:59 p.m., New
York City time, on Sept. 9, 2016, unless extended by the Company.
For each $1,000 principal amount of Notes validly tendered and not
validly withdrawn at or prior to 5:00 p.m., New York City time, on
Aug. 25, 2016, and accepted for exchange by the Company, Eligible
Holders will be eligible to receive the "Total Consideration",
which includes an early participation premium of $30 in principal
amount of Claire's Gibraltar Term Loans per $1,000 of Notes.  For
each $1,000 in principal amount of Notes validly tendered and not
validly withdrawn after the Early Tender Time and at or prior to
the Expiration Time and accepted for exchange by the Company,
Eligible Holders will be eligible to receive only the "Exchange
Consideration".

Claire's Inc., the parent of Claire's Stores, owns approximately
$58.7 million aggregate principal amount of the Subordinated Notes.
Certain funds managed by affiliates of Apollo Global Management,
LLC, which are indirect controlling stockholders of the Company own
approximately $183.6 million aggregate principal amount of Claire's
Stores' 10.500% PIK Senior Subordinated Notes due 2017.  No
Affiliated Holder will participate in the Exchange Offer.  However,
to the extent the Exchange Offer is not fully subscribed for the
Total Consideration, the Affiliated Holders have agreed to effect a
similar exchange of Subordinated Notes, in the case of Claire's
Inc., and PIK Subordinated Notes, in the case of the Apollo Funds,
for Term Loans on the same terms offered in the Exchange Offer for
the Unsecured Notes (that are tendered prior to the Early Tender
Time) concurrently with the completion or termination of the
Exchange Offer.  The Total Consideration and Exchange Consideration
offered to holders of Unsecured Notes in the Exchange Offer is
lower than the Total Consideration and Exchange Consideration
offered to holders of Subordinated Notes and Second Lien Notes.

All accrued and unpaid interest on Notes exchanged in the Exchange
Offer or in an Affiliated Holder Exchange from the applicable last
interest payment date to, but not including, the Settlement Date
will be cancelled and will not be paid. Interest on the Term Loans
will accrue from the Settlement Date.

The Exchange Offer is conditioned on a minimum of $400,000,000
combined aggregate principal amount of Notes and, if applicable,
PIK Subordinated Notes being validly tendered, not withdrawn and
accepted in the Exchange Offer and/or exchanged in the Affiliated
Holder Exchange, if any.  The consummation of the Exchange Offer is
also subject to, and conditioned upon, the completion of the Bank
Refinancing, the Europe Credit Facility Condition, and the
satisfaction or waiver of the other conditions set out in the Offer
to Exchange Statement.  The consummation of the Exchange Offer is
also subject to the Company's right to amend the Exchange Offer
prior to the Expiration Time.  Tenders may be validly withdrawn at
any time on or prior to 5:00 p.m., New York City time, on Aug. 25,
2016, but not thereafter unless that date is extended by the
Company or is required by law.

Documents relating to the Exchange Offer will only be distributed
to "Eligible Holders" of Notes who complete and return an
eligibility form confirming that they are a bank, institutional
lender or other institution that meets the financial and other
requirements specified in Rule 501(a)(1), (2), (3) or (7) under the
Securities Act of 1933, as amended, for an "accredited investor"
and that was not formed for the specific purpose of participating
in the Exchange Offer.

In order for an Eligible Holder (or designee) to receive Term
Loans, such Eligible Holder must meet certain administrative
requirements (including completing an administrative questionnaire
and IRS Form W-9 or the applicable Form W-8).  Eligible Holders are
encouraged to contact the information and exchange agent as early
as possible (even before tendering Notes) using the email address
on the back cover of the Offer to Exchange Statement to furnish
such documentation to the information and exchange agent.

The complete terms and conditions of the Exchange Offer, as well as
the terms of the Term Loans, are described in the Offer to Exchange
Statement, copies of which may be obtained by Eligible Holders by
contacting D.F. King & Co., Inc., the information and exchange
agent in connection with the Exchange Offer, at 800.967.7574
(toll-free) or 212.269.5550 (banks and brokers) or by visiting
www.dfking.com/claires to complete the eligibility process.

A full-text copy of the table which sets forth the Total
Consideration, which includes the early participation premium, and
Exchange Consideration for the Notes, is available for free at:

                      https://is.gd/tIfjTt

                      About Claire's Stores

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

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

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

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

                           *     *     *

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

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


CLAIRE'S STORES: To Refinance Credit Suisse U.S. Credit Facility
----------------------------------------------------------------
Claire's Stores, Inc. entered into Amendment No. 3 to the Amended
and Restated Credit Agreement, dated as of Sept. 20, 2012, among
the Company, Credit Suisse AG, Cayman Islands Branch, as
Administrative Agent, and the other lenders.

Pursuant to the Third Amendment, the Company will complete a
refinancing of the U.S. Credit Facility as follows:

   * the Company, its domestic subsidiaries and Claire's Inc., the
     Company's corporate parent, will be parties to an amendment
     and restatement of the U.S. Credit Facility, pursuant to
     which, among other things, the availability will be reduced
     to an amount equal to $75.0 million less any amounts
     outstanding under the ABL Credit Facility, the maturity will
     be extended to Feb. 4, 2019, and certain covenants will be
     modified;

   * the Company's subsidiary Claire's (Gibraltar) Holdings
     Limited, a Gibraltar private limited liability company
     will be party to a new $40.0 million credit agreement
     maturing Feb. 4, 2019, with the Lenders, the proceeds of
     which will be used to reduce outstanding amounts under the
     U.S. Credit Facility by $40.0 million; and

   * the Company, its domestic subsidiaries and Claire's Inc.,
     will be parties to a new ABL Credit Agreement maturing
     Feb. 4, 2019, providing for revolving credit loans, subject
     to borrowing base availability, in an amount up to $75.0
     million less any amounts outstanding under the U.S. Credit
     Facility.

Each of the Second Amended and Restated Credit Facility, the
Claire's Gibraltar Credit Facility and the ABL Credit Facility was
dated, executed and delivered on Aug. 12, 2016.  The effectiveness
of those agreements is subject to the satisfaction or waiver of the
respective conditions set out in the Third Amendment upon
completion of the Exchange Offer.

The Third Amendment provides that, if the Company notifies the
Lenders on or before Sept. 15, 2016, that the Exchange Offer will
not be completed by Sept. 15, 2016, as a result of the failure to
satisfy any of the conditions to that Exchange Offer, including the
failure to obtain the consent of the lender of the Company's
current European credit facility or to refinance such European
credit facility, or for any other reason, then the Second Amended
and Restated Credit Facility, the ABL Credit Facility, and, only if
permitted by the lender under the European credit facility, the
Claire's Gibraltar Credit Facility, will become effective
notwithstanding the fact that the Exchange Offer will not be
completed at that time.  If the Claire's Gibraltar Credit Facility
is not permitted, the Second Amended and Restated Credit Facility
will provide for revolving credit loans of up to $115.0 million
rather than $75.0 million, in either case, less any amounts
outstanding under the ABL Credit Facility.

In addition, upon the delivery of financial statements for the
quarter ended July 30, 2016, to the lenders under the U.S. Credit
Facility, the Company would be in default under the Total Net
Secured Leverage Ratio covenant contained in the U.S. Credit
Facility.  The terms of the Third Amendment include a waiver of
this default upon the effectiveness thereof.

A copy of Third Amendment is available for free at:

                    https://is.gd/LbmuCB

The Third Amendment provides that, if fewer than all of the Lenders
had executed the Third Amendment, then, in lieu of entering into
the Claire's Gibraltar Credit Facility, the $40.0 million aggregate
principal amount outstanding under the U.S. Credit Facility would
remain outstanding, and the U.S. Credit Facility would have been
amended by an alternative version of the Second Amended and
Restated Credit Facility.  All of the Lenders have executed the
Third Amendment.  As a result, the transactions contemplated by the
Third Amendment will be consummated as described above.

                    About Claire's Stores

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

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

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

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

                           *     *     *

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

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


COMMERCIAL BARGE: Moody's Affirms B2 CFR & Changes Outlook to Neg.
------------------------------------------------------------------
Moody's Investors Service changed the ratings outlook of Commercial
Barge Line Company (CBLC) to negative from stable. Concurrently,
Moody's affirmed CBLC's B2 Corporate Family Rating, B2-PD
Probability of Default Rating (PDR), and B3 rating on the $1,150
million first lien bank credit facility.  The ratings outlook
change reflects end-market pressures facing the company, driven by
low transportation volumes primarily in the grain and dry commodity
sectors, including steel, and a continued low freight rate
environment affecting both its dry bulk and liquid transportation
segments.

Moody's took these rating actions:

Ratings Affirmed:

Issuer: Commercial Barge Line Company
  Corporate Family Rating, affirmed B2;
  Probability of Default rating, affirmed B2-PD;
  $1,150 million first lien bank credit facility, affirmed B3
   (LGD4).

The ratings outlook was changed to negative from stable.

                         RATINGS RATIONALE

The negative ratings outlook reflects uncertainty as to a recovery
primarily in the company's grain and dry commodity end markets so
as to have a meaningful upward inflection in transportation volumes
and freight rates, which remain weak and could maintain leverage at
elevated levels for the B2 CFR category.  As well, successful
integration of AEP River Operations LLC (River Ops), acquired in
November 2015, remains a risk in the face of a difficult operating
environment.

The B2 CFR reflects CBLC's enhanced scale and market position in
the domestic dry bulk and liquid barge transportation segments
following the River Ops acquisition in late 2015.  Moody's believes
the company has made progress in cutting costs and right-sizing its
operations to begin realizing synergies from the acquisition.
However, the full realization of these initiatives depends on
market conditions and the operating environment, which Moody's
expects to remain challenging for some time.  Unfavorable
fundamentals across the grain and other dry bulk commodity segments
and softness in liquid transportation volumes, coupled with the
negative export impact of a strong US dollar, have led to lower
than expected operating performance.  Pro forma leverage
(debt/EBITDA) has climbed to around 6 times through the LTM period
ended 31 March 2016 from the mid 5 times at year-end 2015 (all
figures inclusive of Moody's standard accounting adjustments).
Moody's expects the aforementioned factors to continue weighing on
top-line growth and EBITDA into 2017, and anticipates the company's
cost efficiencies and restructuring initiatives will support a
modest improvement in margins and lower leverage from current
levels over the next year as it integrates River Ops.

The ratings could be downgraded if industry fundamentals remain
subdued such that the company is unable to take prompt action to
preserve cash flow and liquidity, exerting further pressure on its
financial results.  Expectation of an EBIT margin of below 5%, Debt
to EBITDA that remains above the 6.0 times level, FFO to Debt
sustained below 10% and/or negative free cash flow generation on a
sustained basis would drive downwards rating momentum.  A large
debt-funded acquisition or shareholder-friendly actions that
compromise creditor interests could also pressure the ratings.

The ratings could be upgraded if the company shows evidence of
successful integration of River Ops with the achievement of
targeted synergies while sustaining positive free cash flow, Debt
to EBITDA below the 4.0 times level, FFO + Interest to Interest
above 3.5 times or FFO to Debt above 15%, and a stronger liquidity
profile.

The principal methodology used in this rating was Global Shipping
Industry published in February 2014.

Commercial Barge Line Company (CBLC) is one of the largest
integrated marine transportation and services companies in the
United States, providing barge transportation and related services,
and construction of barges, towboats and other vessels. CBLC is
ultimately controlled by certain private investment fund affiliates
of Platinum Equity, LLC.  CBLC is in the process of integrating AEP
Resources, Inc. and its subsidiary AEP River Operations LLC (River
Ops), which it acquired from American Electric Power Company, Inc.
in November 2015.  River Ops is a fully-integrated river
transportation and services company, focusing on the movement of
bulk and liquid products.  On a pro-forma basis, the company
generated approximately $1.3 billion in revenue as of the last
twelve months ended March 31, 2016.


COMPASS MINERALS: Moody's Puts Ba1 CFR on Review for Downgrade
--------------------------------------------------------------
Moody's Investors Service placed the Ba1 corporate family rating,
Ba1-PD probability of default rating and instrument ratings of
Compass Minerals International, Inc. under review for downgrade
following the company's announcement that it plans to acquire the
remaining 65% ownership in Brazilian specialty plant nutrition
company, Produquimica Industria e Comercio S.A. (Produquimica). The
expected price for the remaining 65 percent of equity in
Produquimica is expected to range from $460million to $480 million,
including assumption of debt.  The company plans to finance the
transaction with debt.

"Weaker earnings as a result of a mild 2015-2016 winter, weak
agricultural markets, continued elevated capital spending for
capacity expansions in 2016 and 2017 combined with the high
valuation multiple associated with the acquisition of the remaining
equity in Produquimica elevates the risk that leverage could remain
above expected levels for the Ba1 rating for an extended period of
time," said Moody's analyst, Anastasija Johnson.

                         RATINGS RATIONALE

On Review for Downgrade:

Issuer: Compass Minerals International Inc

   -- Probability of Default Rating, Placed on Review for
      Downgrade, currently Ba1-PD
   -- Corporate Family Rating, Placed on Review for Downgrade,
      currently Ba1
   -- Senior Secured Revolving Credit Facility due July 2021,
      Placed on Review for Downgrade, currently Ba1 (LGD3)
   -- Senior Secured Term Loan, Placed on Review for Downgrade,
      currently Ba1 (LGD3)
   -- Senior Unsecured Notes due July 2024, Placed on Review for
      Downgrade, currently Ba2 (LGD5)

Outlook Actions:

   -- Outlook, Changed To Rating Under Review From Negative

Ratings Unchanged:

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

The placement of Compass Minerals ratings under review reflects
expectations that leverage could remain elevated due to the high
multiple paid for Produquimica and the lack of free cash generation
at Compass.  Additionally, the company will likely face increased
headwinds in 2017 due to lower crop prices, as well as weaker
earnings from its salt segment following a mild 2015-2016 winter
season.  Pro forma for the acquisition, leverage increases to 3.5
times in the twelve months ended June 30, 2016, from 2.7 times
actual.  However, Moody's expects leverage to rise close to 4 times
by the end of 2016 as a result of the expected decline in salt and
specialty potash fertilizer volumes and prices.  Leverage is also
rising at a time when the company continues to have elevated
capital expenditures for its capacity expansion projects and is not
expected to generate free cash flow for debt repayment. In
addition, it is acquiring a lower margin business.  Therefore,
deleveraging over the next two years would depend on a recovery in
salt pricing and volume increases to generate higher than expected
earnings and cash flow.  The review will focus on the target
company's audited financials and liquidity arrangements.  The
review will also focus on Compass Minerals projections, its ability
to reduce leverage below 3.5 times within two years and expected
liquidity given seasonal nature of working capital needs in both
salt and fertilizer businesses.  If Moody's determines that
subsequent to the acquisition of Produquimica Compass' leverage is
likely to remain above 3.5x for more than two years, the company's
CFR could be lowered by a notch.

Compass Minerals' Ba1 corporate family rating reflected
historically low leverage and strong margins over most of the
cycle.  The rating also reflected Compass Minerals' secure access
to high quality and low-cost salt deposits, and efficient
distribution network that utilizes low-cost water transportation.
The company is also the largest North American producer of sulfate
of potash (SOP) fertilizer and benefits from its low-cost
production of SOP from naturally occurring brines.  The ratings are
limited by Compass Minerals small scale as measured by net sales,
net assets, as well as a narrow product portfolio that is
significantly exposed to weather-driven demand volatility for rock
salt.  Compass Minerals' salt segment represents approximately 80%
of net sales, while the plant nutrition fertilizer business
contributes roughly 20%.  The weather-dependent highway deicing
business, which is a part of the salt segment, alone generates
around 50% of the company's net sales.  The warm winter of 2015/16
has put pressure on rock salt prices in the current contract season
and volumes may decline further if the beginning of the 2016/17
winter is warm as well.  Additionally, Compass' credit profile
reflects the mature and seasonal nature of the highway deicing
business in the US, as well as the company's need to pursue capital
projects or acquisitions in order to provide a more attractive
increase in revenue and earnings growth for its shareholders.

The principal methodology used in these ratings was Global Chemical
Industry Rating Methodology published in December 2013.

Headquartered in Kansas, US, Compass Minerals International, Inc.
is a leading North American producer of salt used for highway
deicing, agriculture applications, water conditioning, and other
consumer and industrial uses.  The company is also a significant
producer of SOP used on specialty crops, such as fruits and nuts,
in the US and Canada.  For the twelve months ended June 30 2016,
Compass Minerals generated net sales (gross revenues after shipping
and handling) and a Moody's-adjusted EBITDA of $792 million and
$306 million, respectively.


CORE RESOURCE: Hires Hauf as Bankruptcy Counsel
-----------------------------------------------
Core Resource Management, Inc., seeks authority from the U.S.
Bankruptcy Court for the District of Arizona to employ Hauf PLC as
counsel to the Debtor.

Core Resource requires Hauf to:

   a. advise the Debtor of its rights, power and duties as debtor
      and debtor in possession in continuing to operate and to
      mange its business under chapter 11 of the Code;

   b. prepare on behalf of the Debtor all necessary and
      appropriate applications, motions, draft orders, other
      pleadings, notices, schedules and other documents, and
      review all financial and other reports to be filed in the
      chapter 11 case;

   c. advise the Debtor, concerning, and prepare responses to
      applications, motions, other pleadings, notices and other
      papers that may be filed by other parties in the chapter 11
      case;

   d. advise the Debtor with respect to, and assist in the
      negotiation and documentation of, financing agreements and
      related transactions;

   e. review the nature and validity of any liens asserted
      against the Debtor's property and advise the Debtor
      concerning the enforceability of such liens;

   f. advise the Debtor regarding its ability to initiate actions
      to collect and recover property for the benefit of their
      estates;

   g. advise and assist the Debtor in connection with any
      commercial transactions;

   h. advise and assist the Debtor in negotiations or
      communications with the Debtor' customers, equity holders
      and other stakeholders, and government regulatory bodies;

   i. advise the Debtor concerning executor contract assumptions,
      assignments and rejections;

   j. advise the Debtor in connection with the formulation,
      negotiation and effectuation of a chapter 11 sale process;

   k. advise the Debtor in connection with the formulation,
      negotiation and promulgation of a chapter 11 plan or plans,
      and related transactional documents;

   l. assist the Debtor in reviewing, estimating and resolving
      claims asserted against the Debtor's estates;

   m. commence and conduct litigation necessary and appropriate
      to assert rights held by the Debtor, protect assets of the
      Debtor' chapter 11 estates or otherwise further the goal of
      completing the Debtor's successful chapter 11 process, and
      to defend against any litigation brought against the
      Debtor; and

   n. perform all other necessary and appropriate legal services
      in connection with the chapter 11 case for or on behalf of
      the Debtor.

Hauf will be paid at these hourly rates:

     Adam Hauf                $350
     Charles Leftwich         $300
     Partners                 $350
     Associates               $300-$275
     Paraprofessionals        $150-$250

As of the petition date, Hauf has received $10,000 from the Debtor.
Hauf received $1,800 for costs which have been used to pay the
filing fee in the case.  After applying a portion of the retainer
to the outstanding balance as of the petition date, including fees
and expenses associated with the filing of the case, Hauf continues
to hold a cost retainer in the amount of $83.00 as security for
post-petition services and expenses in connection with the case.

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

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

Hauf can be reached at:

     Adam Hauf, Esq.
     HAUF PLC
     4225 W Glendale, Ste A104
     Phoenix, AZ 85051
     Tel: (623) 252-0742
     Fax: (623) 321-2310
     E-mail: admin@hauflaw.com

                      About Core Resources

Core Resources Management, Inc. sought protection under Chapter 11
of the Bankruptcy Code (Bankr. D. Ariz. Case No. 16-06712) on June
13, 2016. The petition was signed by Dennis Miller, chief operating
officer.

The case is assigned to Judge Brenda K. Martin.

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


CRN INC: Exit Plan to Pay Unsecured Creditors in Full
-----------------------------------------------------
General unsecured creditors of CRN, Inc. will receive full payment
under the company's latest Chapter 11 plan of reorganization.

The plan filed on August 11 with the U.S. Bankruptcy Court for the
Western District of Texas proposes to pay creditors 100% of their
Class 3(a) general unsecured claims over five years without
interest.

Payments will be made in the combined amount of $222 per month
beginning on the 15th day of the first full month following the
effective date of the plan with like payments to be on the 15th day
of each succeeding month thereafter for a total of 60 months.

All payments will be shared pro rata among the Class 5(a)
creditors, which assert a total of $13,347 in claims.

Meanwhile, the plan classifies the general unsecured claim of the
Internal Revenue Service in Class 3(b).  The agency will waive the
claim in the amount of $5,571 as long as CRN is successful in
paying in full the total amounts of the unsecured priority claim
and the secured claim without defaulting.

Should CRN be unsuccessful, the general unsecured claim will be
added back to the IRS' claim.  The agency may accelerate its
allowed claims and declare the outstanding amount of such claims to
be immediately due and owing.

A copy of the disclosure statement is available for free at
http://bankrupt.com/misc/CRNInc_1DS081116.pdf

CRN is represented by:

     Carlos A. Miranda III, Esq.
     Gabe Perez, Esq.
     Miranda & Maldonado, P.C.
     5915 Silver Springs, Bldg. 7
     El Paso, Texas 79912
     Tel: (915) 587-5000
     Fax: (915) 587-5001
     Email: cmiranda@mirandafirm.com
     Email: gperez@mirandafirm.com

                        About CRN Inc.

CRN, dba Alpha Home Nurses, is a home health provider services
company, which has been operating in the El Paso area since April
5, 2002.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. W. D. Texas Case No. 16-30001) on January 2, 2016.


CRYOPORT INC: Substantial Losses Raise Going Concern Doubt
----------------------------------------------------------
Cryoport, Inc., filed with the Securities and Exchange Commission
its quarterly report on Form 10-Q disclosing a net loss
attributable to common stockholders of $3.93 million on $1.91
million of revenues for the three months ended June 30, 2016,
compared to a net loss attributable to common stockholders of $6.60
million on $1.43 million of revenues for the three months ended
June 30, 2015.

As of June 30, 2016, Cryoport had $7.69 million in total assets,
$2.60 million in total liabilities and $5.08 million in total
stockholders' equity.

As of June 30, 2016, the Company had cash and cash equivalents of
$4.5 million and working capital of $3.3 million.  Historically,
the Company has financed its operations primarily through sales of
its debt and equity securities.

"We expect to continue to incur substantial additional operating
losses from costs related to the commercialization of our Cryoport
Express Solutions and do not expect that revenues from operations
will be sufficient to satisfy our funding requirements in the near
term.  We believe that our cash resources at June 30, 2016 and
revenues generated from our services will be sufficient to sustain
our planned operations through the third quarter of fiscal year
2017; however, we must obtain additional capital to fund operations
thereafter and for the achievement of sustained profitable
operations.  These factors raise substantial doubt about our
ability to continue as a going concern.  We are currently working
on funding alternatives in order to secure sufficient operating
capital to allow us to continue to operate as a going concern."

The Company's quarterly report on Form 10-Q is available from the
SEC website at https://is.gd/xwK08m

                           About Cryoport

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

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

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


CYTOSORBENTS CORP: Accumulated Deficit Raises Going Concern Doubt
-----------------------------------------------------------------
CytoSorbents Corporation filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $3 million on $2.22 million of total revenues for the three
months ended June 30, 2016, compared to a net loss of $1.43 million
on $963,939 of total revenues for the same period in 2015.

For the six months ended June 30, 2016, the Company listed a net
loss of $4.84 million on $4.03 million of total revenues, compared
to a net loss of $3.28 million on $1.69 million of total revenues
for the same period in the prior year.

As of June 30, 2016, the Company had $12.71 million in total
assets, $8.81 million in total liabilities and a total
stockholders' equity of $3.90 million.

As of June 30, 2016, the Company had an accumulated deficit of
$137,367,403, which included net losses of $4,841,545 for the six
months ended June 30, 2016 and $3,282,624 for the six months ended
June 30, 2015.  The Company's losses have resulted principally from
costs incurred in the research and development of the Company's
polymer technology and selling, general and administrative
expenses.  The Company intends to continue to conduct significant
additional research, development, and clinical study activities
which, together with expenses incurred for the establishment of
manufacturing arrangements and a marketing and distribution
presence and other selling, general and administrative expenses,
are expected to result in continuing operating losses for the
foreseeable future.  The amount of future losses and when, if ever,
the Company will achieve profitability is uncertain.  The Company's
ability to achieve profitability will depend, among other things,
on successfully completing the development of the Company's
technology and commercial products, obtaining additional requisite
regulatory approvals in markets not covered by the CE Mark
previously received and for potential label extensions of the
Company's current CE Mark, establishing manufacturing and sales and
marketing arrangements with third parties, and raising sufficient
funds to finance the Company's activities.  No assurance can be
given that the Company's product development efforts will be
successful, that the Company's current CE Mark will enable the
Company to achieve profitability, that additional regulatory
approvals in other countries will be obtained, that any of the
Company's products will be manufactured at a competitive cost and
will be of acceptable quality, or that the Company will be able to
achieve profitability or that profitability, if achieved, can be
sustained.  These matters raise substantial doubt about the
Company's ability to continue as a going concern.

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

                      http://bit.ly/2aLuKTG

                 About CytoSorbents Corporation

Monmouth Junction, N.J.-based CytoSorbents Corporation is a
critical care focused immunotherapy company.  The Company is
engaged in commercializing its product, CytoSorb, which is a blood
purification technology with focus in preventing or treating
multiple organ failure.  The Company's purification technologies
are based on biocompatible, porous polymer beads that remove toxic
substances from blood and other bodily fluids by pore capture and
surface adsorption.  The Company's CytoSorb is an extracorporeal
cytokine filter and is designed to reduce the cytokine storm that
causes inflammation, organ failure and death in common critical
illnesses, such as sepsis, burn injury, trauma, lung injury and
pancreatitis.



D.A.B. GROUP: Equity Stakeholder Opposes Approval of Exit Plan
--------------------------------------------------------------
Ben Zhavian asked the U.S. Bankruptcy Court for the Southern
District of New York to deny approval of the Chapter 11 plan of
reorganization of D.A.B. Group LLC.

In a court filing, Mr. Zhavian, who owns 99% equity stake in
D.A.B., said the plan was filed for the benefit of the company's
bankruptcy trustee and Orchard Construction LLC.

Mr. Zhavian cited the proposed allocation of $1.5 million expected
to be recovered from the Arcade litigation, saying much of it will
go to the trustee and the secured creditor which are both
proponents of the plan.

"The plan proponents ask the junior creditors to vote in favor of
the plan without informing them if they are actually going to
receive any distribution," he said in the filing.

The plan had also drawn flak from Goldberg Weprin Finkel Goldstein
LLP, Flintlock Construction Services LLC, and Edward I. Mills &
Associates, Architects, PC.

Goldberg opposed the treatment of administrative expense claims
while the other firms complained that the disclosure statement
explaining the plan does not contain "adequate information."

A hearing to consider confirmation of the plan is scheduled for
August 18.  The court will also consider at the hearing the final
approval of the disclosure statement, which it conditionally
approved on July 21.

Ben Zhavian is represented by:

     Steven B. Eichel, Esq.
     Robert M. Sasloff, Esq.
     A. Mitchell Greene, Esq.
     Robinson Brog Leinwand Greene
     Genovese & Gluck P.C.
     875 Third Ave., 9th Floor
     New York, NY 10022-0123
     Tel: 212-603-6300
     Email: se@robinsonbrog.com

Flintlock is represented by:

     Harold M. Somer, Esq.
     Harold M. Somer, PC
     1025 Old Country Road, Ste. 404
     Westbury, NY 11590
     Phone: (516) 248-8962

Edward is represented by:

     Jennifer B. Zourigui, Esq.
     Alexander F. Schlow, Esq.
     Ingram Yuzek Gainen
     Carroll & Bertolotti LLP
     250 Park Avenue
     New York, NY 10177
     Tel: (212) 907-9600
     Fax: (212) 907-9681
     Email: jzourigui@ingramllp.com  
     Email: aschlow@ingramllp.com  

Goldberg can be reached through:

     J. Ted Donovan, Esq.
     Goldberg Weprin Finkel Goldstein LLP
     1501 Broadway, 22nd Floor
     New York, New York 10036
     Phone: (212) 221-5700

                       About D.A.B. Group

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

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

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

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

                           *     *     *

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

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

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


DANIEL JAMES LARSON: Court to Take Up Exit Plan on Sept. 26
-----------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Indiana will
consider confirmation of the Chapter 11 plan of reorganization of
Daniel James and Mary Francis Larson at a hearing on September 26.

The hearing will be held at 1:30 p.m., at the U.S. Courthouse, Room
325, 46 E. Ohio Street, Indianapolis, India.

Creditors have until September 19 to cast their votes and file
their objections to the plan.  The Debtors are required to file a
ballot report no later than three days before the hearing.

                  About Daniel and Mary Larson

Daniel James and Mary Francis Larson sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. S.D. Ind. Case No.
15-08546) on October 12, 2015.  The case is assigned to Judge James
M. Carr.


DIAMONDHEAD CASINO: Had $89K Q2 Loss, Raises Going Concern Doubt
----------------------------------------------------------------
Diamondhead Casino Corporation filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net loss applicable to common stockholders of $88,968 for the three
months ended June 30, 2016, compared to a net loss applicable to
common stockholders of $990,000 for the same period in 2015.

For the six months ended June 30, 2016, the Company reported a net
loss applicable to common stockholders of $473,000 compared to a
net loss applicable to common stockholders of $50,104 for the six
months ended June 30, 2015.

As of June 30,2016, Diamondhead had $5.65 million in total assets,
$8.30 million in total liabilities and a total stockholders'
deficiency of $2.64 million.

The Company has no operations and generates no operating revenues.
During the six months ended June 30, 2016 and 2015 the Company
incurred net losses applicable to common shareholders, exclusive of
the recording of change in the fair value of derivatives, of
$283,000 and $926,000, respectively.

The Company has had no operations since it ended its gambling
cruise ship operations in 2000.  Since that time, the Company has
concentrated its efforts on the development of its Diamondhead,
Mississippi Property.  The development of the Diamondhead Property
is dependent on obtaining the necessary capital, through equity
and/or debt financing, unilaterally, or in conjunction with one or
more partners, to master plan, design, obtain permits for,
construct, staff, open, and operate a casino resort.

In the past, in order to raise capital to continue to pay on-going
costs and expenses, the Company has borrowed funds, through Private
Placements of convertible instruments and other means.  Some of
these instruments are past due for payment of both principal and
interest.  In addition, at June 30, 2016, the Company had current
liabilities totaling $6.31 million and only $54,700 cash on hand.

These conditions raise substantial doubt as to the Company's
ability to continue as a going concern.

The Company's quarterly report on Form 10-Q is available from the
SEC website at https://is.gd/j9hFEE

                  About Diamondhead Casino

Largo, Fla.-based Diamondhead Casino Corporation, from inception
through approximately August of 2000, operated gaming vessels in
international waters.  The Company eventually divested itself of
its gaming operations to satisfy financial obligations to its
vendors, lenders and taxing authorities and to focus its resources
on the development of a casino resort in Diamondhead, Mississippi.

The Company owns, through its wholly-owned subsidiary, Mississippi
Gaming Corporation, an approximate 404.5 acre tract of unimproved
land in Diamondhead, Mississippi.  The property is located at 7051
Interstate 10.  The Company intends, in conjunction with unrelated
third parties, to develop the site in phases beginning with a
casino resort.  The casino resort is expected to include a casino,
a hotel and spa, pools, a sport and entertainment center, a
conference center and a state-of-the-art recreational vehicle
park.

Diamondhead Casino reported net income applicable to common
stockholders of $53,000 for the year ended Dec. 31, 2015, compared
to a net loss applicable to common stockholders of $3.37 million
for the year ended Dec. 31, 2015.

Friedman LLP, in New York, issued a "going concern" qualification
on the consolidated financial statements for the year ended
Dec. 31, 2015, citing that the Company has incurred significant
recurring net losses over the past few years.  In addition, the
Company has no operations, except for its efforts to develop the
Diamondhead, Mississippi property.  Such efforts may not contribute
to the Company's cash flows in the foreseeable future.  These
conditions raise substantial doubt about the Company's ability to
continue as a going concern.


DIGIPATH INC: Recurring Losses Raise Going Concern Doubt
--------------------------------------------------------
DigiPath, Inc., filed with the Securities and Exchange Commission
its quarterly report on Form 10-Q disclosing a net loss of $1.09
million on $264,000 of revenues for the three months ended
June 30, 2016, compared to a net loss of $772,000 on $6,915 of
revenues for the three months ended June 30, 2015.

For the nine months ended June 30, 2016, the Company reported a net
loss of $3.27 million on $507,000 of revenues compared to a net
loss of $3.18 million on $317,000 of revenues for the same period
in 2015.

As of June 30, 2016, DigiPath had $1.46 million in total assets,
$105,900 in total liabilities and $1.35 million in total
stockholders' equity.

The Company has incurred recurring losses from operations resulting
in an accumulated deficit, and the Company's cash on hand is not
sufficient to sustain operations.  These factors raise substantial
doubt about the Company's ability to continue as a going concern.

Anton & Chia, LLP, in Newport Beach, CA, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Sept. 30, 2015, noting that the Company has recurring losses
and insufficient working capital, which raises substantial doubt
about its ability to continue as a going concern.

"Management is actively pursuing new customers to increase
revenues.  In addition, the Company is currently seeking additional
sources of capital to fund short term operations.  In the event
sales do not materialize at the expected rates, management would
seek additional financing or would attempt to conserve cash by
further reducing expenses.  There can be no assurance that we will
be successful in achieving these objectives, becoming profitable or
continuing our business without either a temporary interruption or
a permanent cessation.  In addition, additional financing may
result in substantial dilution to existing stockholders," the
Company stated in the report.

The Company's quarterly report on Form 10-Q is available from the
SEC Web site at https://is.gd/1O8eHh

                      About DigiPath

DigiPath, Inc., was incorporated in Nevada on Oct. 5, 2010.
DigiPath and its subsidiaries support the cannabis industry's best
practices for reliable testing, cannabis education and training,
and brings unbiased cannabis news coverage to the cannabis
industry.

The Company reported a net loss of $4.33 million for the year ended
Sept. 30, 2015, compared to a net loss of $2.83 million for the
year ended Sept. 30, 2014.


DLN PROPERTIES: Taps Keller Williams as Real Estate Broker
----------------------------------------------------------
DLN Properties, Ltd. seeks approval from the U.S. Bankruptcy Court
for the Eastern District of Louisiana to hire Keller Williams
Realty Professionals.

The Debtor tapped the firm to be its real estate broker in
connection with the sale of its property located at 904 Manson
Avenue, Metairie, Louisiana.  The property will be sold for
$257,000.

Keller will receive a commission, which is 5.5% of the gross sale
price, according to court filings.

Kasey Fiorella, a real estate broker employed by Keller, disclosed
in a court filing that the firm is a "disinterested person" as
defined in section 101(14) of the Bankruptcy Code.

Keller can be reached through:

     Kasey Fiorella
     2053 E. Gause Blvd., Suite 100
     Slidell, Louisiana 70461

The Debtor is represented by:

     Leo D. Congeni, Esq.
     Congeni Law Firm, LLC
     424 Gravier Street
     New Orleans, LA 70130
     Telephone: 504-522-4848
     Facsimile: 504-581-4962
     Email: leo@congenilawfirm.com

                      About DLN Properties

DLN Properties, Ltd. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E. D. La. Case No. 15-12993) on November
17, 2015.  The petition was signed by Anthony H. Guthans,
president.  

The case is assigned to Judge Jerry A. Brown.

At the time of the filing, the Debtor disclosed $1.92 million in
assets and $2.41 million in liabilities.


DRYSHIPS INC: Default on Bank Loans Raises Going Concern Doubt
--------------------------------------------------------------
DryShips Inc. filed with the U.S. Securities and Exchange
Commission its report on Form 6-K for the six months ended June 30,
2016, disclosing a net loss of $115.92 million on $25.04 million of
total revenues, compared to a net loss of $1.46 billion on $895.29
million of total revenues for the same period in 2015.

The Company's balance sheet at June 30, 2016, showed $237.56
million in total assets, $234.15 million in total current
liabilities, and total stockholders' equity of $3.40 million.

As of June 30, 2016, the Company was in breach of certain financial
covenants, while five bank facilities have matured and the Company
has not made the final balloon installments nor any other payments
to date.  Accordingly the respective lenders have declared an event
of default.  For the remaining bank facilities, the Company has
elected to suspend principal repayments and interest payments.
These events of default may result in the lenders requiring
immediate repayment of the loans.  As a result of this and of the
cross default provisions contained in all bank loan agreements, the
Company has classified the bank loans amounting to $213,667 as
current liabilities.  As of June 30, 2016, the Company reported a
working capital deficit of $101,512.

Given the prolonged market downturn in the drybulk segment and the
continued depressed outlook on freight rates and vessels' market
values, cash expected to be generated from operations or proceeds
from the sale of vessels, assuming that current market charter hire
rates would prevail in the twelve-month period ending June 30,
2017, will not be sufficient to cover the Company's working capital
deficit.  These conditions and events raise substantial doubt about
the Company's ability to continue as a going concern, for a
reasonable period of time.

In this respect, the Company, in an effort to deleverage its
balance sheet and improve its liquidity position, sold all its
tankers and 19 bulkers or bulker owning entities, while the
remaining drybulk vessels, are classified as held for sale and are
carried at fair value.  In addition, in October 2015, the Company
acquired Nautilus Offshore Services Inc., owner of six modern
offshore support vessels to diversify the Company's asset base and
enhance its cash flow generating ability.  Furthermore, on June 8,
2016, the Company, entered into a Securities Purchase Agreement
with an institutional investor for the sale of 5,000 newly
designated Series C Convertible Preferred Shares, warrants to
purchase 5,000 Series C Convertible Preferred Shares and 148,998
common shares.  The total net proceeds from the offering, after
deducting offering fees and expenses, were approximately $5,000.
The Company may further receive up to an aggregate of $5,000 if all
of the warrants are exercised, for total proceeds of $10,000.  The
Company expects to finance its working capital deficit either with
cash on hand, cash generated from operations, proceeds from sale of
vessels and vessel owning companies, bank debt and equity
offerings, or a combination thereof.  In this context the Company
has suspended principal repayment and interest payments to preserve
cash liquidity and is currently engaged in discussions with its
lenders for the restructuring of its debt facilities.

A copy of the Form 6-K is available at:

                   http://bit.ly/2b3NQmW

                    About DryShips Inc.

Dryships Inc. is a provider of ocean transportation services for
drybulk and petroleum cargoes through its subsidiary Ocean Rig
UDW.  Based in Athens, Greece, the Company owns a fleet of 38
drybulk carriers, eight drilling units, and 10 oil tankers.


EDWARD ZAWILLA: Unsecureds to Get at Least $15,000 Per Month
------------------------------------------------------------
Edward Zawilla filed with the U.S. Bankruptcy Court for the
Northern District of Illinois a first amended combined plan of
reorganization and disclosure statement dated July 27, 2016.

Under the Plan, holders of Class 3.a - Avoidable Secured Claim Held
By Golden Eagle Distribution Corporation and Class 3.b - General
Unsecured Claims, starting on the 15th day following the Plan
Effective Date, will be paid no less than $15,000 per month, pro
rata.  The allowed claims in Class 3.b will be completely and fully
satisfied by the payment of cash in the allowed amount of those
claims, plus interest at the applicable federal rate from the
Petition Date, by payment of their pro rata shares of any surplus,
following the full satisfaction of Class 1, from the sales of 1
Wise Road, Schaumburg, IL and 794 Randi Lane, Hoffman Estates, IL,
by payment of their pro rata shares of the $15,000 per month
payments, and by payment of their pro rata shares of the proceeds
from the sale or refinance of 1475 Rodenburg Road.

The Class 3.b claims are impaired and accordingly entitled to vote
to accept or reject the Plan.

Payments to Class 3.b will consist of their pro rata share of any
surplus following the full satisfaction of Claim 1 from the sales
of 1 Wise Road, Schaumburg, IL, and 794 Randi Lane, Hoffman
Estates, IL, their pro rata shares of the $15,000 per month
payments, and their pro rata shares of proceeds from the sale or
refinance of 1475 Rodenburg Road.  Within 48 months of the
Effective Date, the Debtor will sell or refinance, as necessary,
the property located at 1475 Rodenburg Road, Schaumburg, IL.  In
the event that the property is not sold or refinanced within 48
months of the Effective Date, the Debtor will allow such property,
and 796 Randi Lane, Hoffman Estates, IL to be auctioned off by a
professional of the Debtor's choosing, and the auction will be
conducted within the 90-day period following the 48th payment.

The Disclosure Statement is available at:

           http://bankrupt.com/misc/ilnb16-06893-43.pdf

The First Amended Combined Plan of Reorganization was filed by the
Debtor's counsel:

     David P. Leibowitz, Esq.
     Justin R. Storer, Esq.
     Lakelaw
     53 W. Jackson Boulevard, Suite 1610
     Chicago, IL 60604
     Tel: (847) 249-9100

Edward Zawilla is an individual residing in Hoffman Estates,
Illinois.  For many years, the Debtor operated Wise Equipment &
Rentals, Inc., an Illinois corporation, and maintained strong
working relationships with his financial professionals.  The
Debtor's attention to his business and his obligations to creditors
had been greatly diverted during his divorce proceeding, and
ultimately he was sued by two creditors on promissory notes of Wise
that he had personally guaranteed.  

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. N.D.
Ill. Case No. 16-06893) on Feb. 29, 2016.

The Debtor's Chapter 11 case was filed in the Northern District of
Illinois, due to the collection activity against both Wise and the
Debtor.  The Debtor no longer operates Wise.  The Debtor is now an
employee of Rose Farm Equipment & Rental, his mother's business.

David P Leibowitz, Esq., at Leibowitz Law Center serves as the
Debtor's counsel.


EDWARD ZAWILLA: Unsecureds to Get at Least $15,000 Per Month
------------------------------------------------------------
Edward Zawilla filed with the U.S. Bankruptcy Court for the
Northern District of Illinois a first amended combined plan of
reorganization and disclosure statement dated July 27, 2016.

Under the Plan, holders of Class 3.a Avoidable Secured Claim Held
By Golden Eagle Distribution Corporation and Class 3.b General
Unsecured Claims, starting on the 15th day following the Plan
Effective Date, will be paid no less than $15,000 per month, pro
rata.  The allowed claims in Class 3.b will be completely and
fully satisfied by the payment of cash in the allowed amount of
those claims, plus interest at the applicable federal rate from the
Petition Date, by payment of their pro rata shares of any surplus,
following the full satisfaction of Class 1, from the sales of 1
Wise Road, Schaumburg, IL and 794 Randi Lane, Hoffman Estates, IL,
by payment of their pro rata shares of the $15,000 per month
payments, and by payment of their pro rata shares of the proceeds
from the sale or refinance of 1475 Rodenburg Road.

The Class 3.b claims are impaired and accordingly entitled to vote
to accept or reject the Plan.

Within 48 months of the Effective Date, the Debtor will sell or
refinance, as necessary, the property located at 1475 Rodenburg
Road, Schaumburg, IL.  In the event that the property is not sold
or refinanced within 48 months of the Effective Date, the Debtor
will allow such property, and 796 Randi Lane, Hoffman Estates, IL
to be auctioned off by a professional of the Debtor's choosing, and
the auction will be conducted within the 90-day period following
the 48th payment.

The Disclosure Statement is available at:

           http://bankrupt.com/misc/ilnb16-06893-43.pdf

The First Amended Combined Plan of Reorganization was filed by the
Debtor's counsel:

     David P. Leibowitz, Esq.
     Justin R. Storer, Esq.
     Lakelaw
     53 W. Jackson Boulevard, Suite 1610
     Chicago, IL 60604
     Tel: (847) 249-9100

Edward Zawilla is an individual residing in Hoffman Estates,
Illinois.  He filed for Chapter 11 bankruptcy protection (Bankr.
N.D. Ill. Case No. 16-06893) on Feb. 29, 2016.

For many years, the Debtor operated Wise Equipment & Rentals, Inc.,
an Illinois corporation, and maintained strong working
relationships with his financial professionals.  The Debtor's
attention to his business and his obligations to creditors had been
greatly diverted during his divorce proceeding, and ultimately he
was sued by two creditors on promissory notes of Wise that he had
personally guaranteed.  

The Debtor's Chapter 11 case was filed in the Northern District of
Illinois, due to the collection activity against both Wise and the
Debtor.  The Debtor no longer operates Wise.  The Debtor is now an
employee of Rose Farm Equipment & Rental, his mother's business.

David P Leibowitz, Esq., at Leibowitz Law Center serves as the
Debtor's counsel.


ELROY JOSEPH MILLER: Unsecureds to Recoup 5% Under Plan
-------------------------------------------------------
Elroy Joseph Miller and Krista D. Miller filed with the U.S.
Bankruptcy Court for the Western District of Louisiana a combined
plan and disclosure statement.

Under the Plan, Class 3 General Unsecured Claims, which total
$179,052.27, will be paid $500 per quarter on a pro rata basis.
This will amount to payments of $10,000 over the course of the
plan.  The payment proposed to unsecured creditors exceeds the
liquidation value and amounts to a 5% distribution.

The Combined Plan and Disclosure Statement is available at:

          http://bankrupt.com/misc/lawb16-50309-58.pdf

The Combined Plan and Disclosure Statement was filed by:

     William Vidrine, Esq.
     711 W. Pinhook Road
     Lafayette, La 70503
     Tel: (337) 233-5195
     Fax: (337) 233-3897

Elroy Joseph Miller and Krista D Miller sought Chapter 11
protection (Bankr. W.D. La. Case No. 16-50309) on March 8, 2016.
The Debtor is represented by William C. Vidrine, Esq.


ENNIS COMMERCIAL: Plan Administrator Hires Frandzel as Counsel
--------------------------------------------------------------
David Stapleton, the Plan Administrator of Ennis Commercial
Properties, LLC, seeks authorization from the U.S. Bankruptcy Court
for the Eastern District of California to retain Frandzel Robins
Bloom & Csato, L.C. as general bankruptcy and litigation counsel to
the Plan Administrator, effective as of July 7, 2016.

Mr. Stapleton requires Frandzel to:

   a. advise the Plan Administrator with regard to the
      requirements of the Bankruptcy Court, Bankruptcy Code,
      Bankruptcy Rules, the Guidelines and requirements of the
      Office of the U.S. Trustee as they pertain to the
      Reorganized Debtor and the Plan Administrator, and the
      Plan;

   b. advise the Plan Administrator with regard to certain rights
      and remedies of the Reorganized Debtor and the rights,
      claims, and interests of creditors;

   c. represent the Reorganized Debtor at the direction of the
      Plan Administrator in any proceeding or hearing in the
      Bankruptcy Court or any other court, panel, or tribunal
      involving the Reorganized Debtor unless the Reorganized
      Debtor is represented in such proceeding or hearing by
      other special counsel;

   d. conduct the examinations of witnesses, claimants, or
      adverse parties and represent the Reorganized Debtor at the
      direction of the Plan Administrator in any proceeding,
      including retaining any experts in connection with such
      proceeding, whether pending in the Bankruptcy Court or
      otherwise, except to the extent that any such proceeding is
      an area outside of Frandzel's expertise, beyond Frandzel's
      staffing capabilities, or for which the Plan Administrator
      has otherwise retained special counsel;

   e. prepare and assist the Plan Administrator in the
      preparation of reports, applications, including fee
      applications for the Plan Administrator and his
      professionals, such as Stapleton Group and Lang, Richert &
      Patch, as well as pleadings and orders, including, but not
      limited to, objections to claims, settlements, and other
      matters related to the bankruptcy case;

   f. investigate, evaluate, and prosecute objections to claims
      as may be appropriate; and

   g. perform any other services which may be appropriate in
      Frandzel's representation of the Plan Administrator during
      the post-confirmation phase of the bankruptcy case.

Frandzel will be paid at these hourly rates:

     Michael J. Gomez               $325

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

Michael J. Gomez, member of Frandzel Robins Bloom & Csato, L.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 Debtors and their
estates.

Frandzel can be reached at:

     Michael J. Gomez, Esq.
     FRANDZEL ROBINS BLOOM & CSATO, L.C.
     1000 Wilshire Boulevard, Nineteenth Floor
     Los Angeles, CA 90017-2427
     Tel: (323) 852-1000
     Fax: (323) 651-2577

                      About Ennis Commercial

Porterville, California-based Ennis Commercial Properties, LLC's
business consisted of acquiring raw land and building commercial
developments. The Company then either operated or sold the
commercial buildings comprising the commercial development.

ECP is owned by Ben Ennis, Brian Ennis and Pamela Ennis, in equal
shares. On Sept. 20, 2010, Pam Ennis and Brian Ennis transferred
all of their ownership interests in ECP to Ben Ennis. ECP filed for
Chapter 11 bankruptcy protection (Bankr. E.D. Cal. Case No.
10-12709) on March 16, 2010.

Peter L. Fear, Esq., and Gabriel J. Waddell, Esq., at the Law
Offices of Peter L. Fear, in Fresno, Calif., represent ECP as
counsel. No creditors committee has been formed in the case. In its
schedules, the Debtor disclosed $40,878,319 in assets and
$43,922,485 in liabilities.

Ben Ennis filed a voluntary petition under Chapter 11 (Bankr. E.D.
Calif. Case No. 10-62315) on Oct. 25, 2010.

Pam and Brian filed separate Chapter 7 petitions.

On May 25, 2011, Terence Long was appointed as Chapter 11 Trustee
in the Benn Ennis bankruptcy. Consequently, the Chapter 11 Trustee
stood in the shoes of Ben Ennis, and held all of the membership
interests in ECP and controled it accordingly. Justin D. Harris,
Esq., at Motschiedler, Michaelides, Wishon, Brewer & Ryan, LLP, in
Fresno, represented the Chapter 11 Trustee as counsel.

The plan of reorganization proposed by secured creditor Wells Fargo
Bank for ECP was confirmed on June 27, 2013.

David Stapleton has been named as plan administrator for each of
the confirmed plans of Ben Enis and ECP.


ERIC STOLTE: Court Denies Haber's Bid to Amend Confirmation Order
-----------------------------------------------------------------
In the Bankruptcy Case In Re: Eric Stolte, Chapter 11, Case No.
16-18606, Judge John K. Sherwood of the United States Bankruptcy
Court for the District of New Jersey denied the Motion or
Application for entry of an Order to alter or amend Confirmation
Order filed by Richard Haber, for Specialized Loan.

A full-text copy of the Order dated August 4, 2016 is available at
https://is.gd/RLrUU7 from Leagle.com.

Eric Stolte, Debtor, is represented by John O'Boyle, Esq. --
joboyle@norgaardfirm.com -- Norgaard O'Boyle.



ERIN ENERGY: Working Capital Deficit Raises Substantial Doubt
-------------------------------------------------------------
Erin Energy Corporation filed its quarterly report on Form 10-Q,
disclosing a net loss of $22.57 million on $23.15 million of
revenues for the three months ended June 30, 2016, compared with a
net loss of $9.16 million on $nil of  revenues for the same period
last year.

For the six months ended June 30, 2016, the Company listed a net
loss of $54.98 million on $28.08 million of revenues, compared to a
net loss of $42.22 million on $nil of revenues for the same period
in the prior year.

The Company's balance sheet at June 30, 2016, showed $348.96
million in total assets, $508.14 million in total liabilities, and
total capital deficit of $159.18 million.

The Company incurred losses from operations for the three and six
months ended June 30, 2016. As of June 30, 2016, the Company's
total current liabilities of $275.7 million exceeded its total
current assets of $18.5 million, resulting in a working capital
deficit of $257.2 million. As a result of the current low commodity
prices and the Company's low oil production volumes due to the
recent mechanical problem which was resolved earlier in the year
associated with well Oyo-8, the Company has not been able to
generate sufficient cash from operations to satisfy certain
obligations as they became due.

Well Oyo-7 is currently shut-in as a result of an emergency shut-in
of the Oyo field production that occurred in early July of this
year. This has resulted in a loss of approximately 1,400 BOPD. The
Company is currently evaluating various technical options to
optimize economic results from the Oyo field, including but not
limited to, attempting a nitrogen lifting exercise to bring back
production on well Oyo-7.

The Company is currently pursuing a number of actions, including
(i) obtaining additional funds through public or private financing
sources, (ii) restructuring existing debts from lenders, (iii)
obtaining forbearance of debt from trade creditors, (iv) reducing
ongoing operating costs, (v) minimizing projected capital costs for
the 2016 exploration and development campaign and (vi) farming-out
a portion of Company's rights to certain of its oil and gas
properties. There can be no assurances that sufficient liquidity
can be raised from one or more of these actions or that these
actions can be consummated within the period needed to meet certain
obligations.

Although the Company believes that it will be able to generate
sufficient liquidity from the measures described above, its current
circumstances raise substantial doubt about the Company's ability
to continue to realize the carrying value of its assets and operate
as a going concern.

A copy of the Form 10-Q is available at https://is.gd/jXunmr

Houston, Texas-based Erin Energy Corporation is an independent oil
and gas exploration and production company focused on energy
resources in Africa. The Company's strategy is to acquire and
develop high-potential exploration and production assets in Africa,
and to explore and develop those assets through strategic
partnerships with national oil companies, indigenous local partners
and other independent oil companies.  Erin Energy Corporation seeks
to build and operate a strategic portfolio of high-impact
exploration and near-term development projects with significant
production, reserves and resources growth potential.  The Company
has production and exploration projects offshore Nigeria, as well
as exploration licenses offshore Ghana, Kenya and Gambia, and
onshore Kenya.



FAR WESTERN GRAPHICS: Hires Fuller as Attorney
----------------------------------------------
Far Western Graphics, Inc., seeks authority from the U.S.
Bankruptcy Court for the Northern District of California to employ
The Fuller Law Firm, P.C. as attorneys to the Debtor.

Far Western Graphics requires Fuller to:

   (a) advise the Debtor with respect to its powers and duties as
       Debtor-in-possession in their effort to retain or dispose
       of its property.

   (b) attend meetings and negotiate with representatives of
       creditors and other parties in interest and advise and
       consult on the conduct of the case, including all of the
       legal and administrative requirements of operating in
       Chapter 11;

   (c) take all necessary action to protect and preserve the
       Debtor's estate;

   (d) prepare on behalf of the Debtor all motions, applications,
       answers, orders, reports, and papers necessary to the
       administration of the estate and to review but not to
       prepare the monthly operating reports required to be filed
       in the case;

   (e) negotiate and prepare on the Debtor's behalf a plan for
       reorganization, disclosure statement, and all related
       agreements and/or documents and take any necessary action
       on behalf of the Debtor to obtain confirmation of such
       plan.;

   (f) advise the Debtor in connection with the possible sale or
       any possible re-finance of their assets;

   (g) appear before the Court and the U.S. Trustee and protect
       the interest of the Debtor's estate before such courts and
       the U.S. Trustee; and

   (h) perform all other necessary legal services and provide all
       other necessary legal advice to the Debtor in connection
       with it Chapter 11 case.

Fuller will be paid at these hourly rates:

     Lars T. Fuller              $505
     Saman Taherian              $475
     Joyce Lau                   $395

Before the filing of the bankruptcy case, the Debtor deposited the
total sum of $32,000 which was deposited into Fuller's
attorney-client trust account. The remitter was Serena Motekaitis,
the Debtor's CEO and authorized representative. There is no demand
for repayment. Of the amount, $1,717 was incurred for the filing
fee and $4,529.00 in fees were incurred pre-petition and withdrawn
from the Fuller attorney-client trust account before the filing of
the case for among other tasks, consultation with the Debtor's
representative, e-mail and phone correspondence, preparation of
Petition, Schedules and Statement of Financial Affairs, the
drafting of this employment application and initial preparation of
the IDI packet.

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

Lars T. Fuller, member of The Fuller Law Firm, 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 estate.

Fuller can be reached at:

     Lars T. Fuller, Esq.
     THE FULLER LAW FIRM, P.C.
     60 No. Keeble Ave.
     San Jose, CA 95126
     Tel: (408) 295-5595
     Fax: (408) 295-9852

                     About Far Western Graphics

Far Western Graphics, Inc., based in Sunnyvale, CA, filed a Chapter
11 petition (Bankr. N.D. Cal. Case No. 16-52108) on July 21, 2016.
The Hon. Stephen L. Johnson presides over the case. Lars T. Fuller,
Esq., at The Fuller Law Firm, P.C., 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 Serena Dawn Motekaitis, chief executive officer.


FIRSTENERGY NUCLEAR: S&P Cuts Rating on Sr. Unsec. Notes to 'BB-'
-----------------------------------------------------------------
S&P Global Ratings said that it corrected its issue-level ratings
on three tranches of FirstEnergy Nuclear Generation LLC and
FirstEnergy Generation LLC's senior unsecured notes by lowering
them to 'BB-' from 'BB+', and revising the recovery ratings on
these debts to '3' (50%-70%; lower end of the range) from '1'.

The rating error occurred on Aug. 1, 2016, when S&P lowered the
corporate credits rating on FirstEnergy Solutions Corp. to 'BB-'
from 'BBB-'.  At the same time, S&P had lowered all senior secured
issue-level ratings on debt at affiliates FirstEnergy Nuclear
Generation LLC and FirstEnergy Generation LLC to 'BB+' with a '1'
recovery and all senior unsecured issue-level ratings at these
subsidiaries to 'BB-' with a '3' recovery.

S&P incorrectly published the issue-level ratings on the tranches
listed below as 'BB+' with a '1' recovery rating.  These tranches
are senior unsecured obligations not senior secured obligations and
are therefore rated 'BB-' with a '3' recovery rating.

RATINGS LIST
                                    To                From

FirstEnergy Generation LLC
$129.61 mil pollution control revenue refunding bonds due 2041
Sr Unsecured                        BB-               BB+
Recovery Rating                     3L                1

FirstEnergy Nuclear Generation LLC                   
$135.55 mil pollution control revenue refunding bonds due 2033
Sr Unsecured                        BB-               BB+
Recovery Rating                     3L                1
$98.9 mil pollution control revenue refunding due 2035
Sr Unsecured                        BB-               BB+
Recovery Rating                     3L                1


FOUNDATION HEALTHCARE: Delays Filing of June 30 Form 10-Q
---------------------------------------------------------
Foundation Healthcare, Inc., filed a Notification of Late Filing on
Form 12b-25 with the Securities and Exchange Commission with
respect to its quarterly report on Form 10-Q for the period
June 30, 2016.     
     
"The registrant is unable to complete the preparation of its
financial statements for its Quarterly Report on Form 10-Q for the
quarterly period ended June 30, 2016 within the prescribed time
period due to staffing limitations.  In addition, the registrant
requires additional time to complete the auditor's review of the
registrant's financial statements.  Accordingly, the registrant
cannot complete its financial statements without unreasonable
effort or expense within the time prescribed."

                   About Foundation Healthcare

Oklahoma-based Foundation Healthcare is a healthcare services
company primarily focused on owning controlling interests in
surgical hospitals and the inclusion of ancillary service lines.
The Company currently owns controlling and noncontrolling
interests in surgical hospitals located in Texas.  The Company
also owns noncontrolling interests in ambulatory surgery centers
("ASCs") located in Texas, Oklahoma, Pennsylvania, New Jersey,
Maryland and Ohio.

Additionally, the Company provides sleep testing management
services to various rural hospitals in Iowa, Minnesota, Missouri,
Nebraska and South Dakota under management contracts with the
hospitals.  The Company provides management services to a majority
of its Affiliates under the terms of various management
agreements.  Prior to Dec. 2, 2013, the Company's name was
Graymark Healthcare, Inc.

Foundation Healthcare reported net income attributable to the
Company's common stock of $5.19 million on $126.13 million of
revenues for the year ended Dec. 31, 2015, compared to a net loss
attributable  to the Company's common stock of $2.09 million on
$101.85 million of revenues for the year ended Dec. 31, 2014.

As of March 31, 2016, Foundation Healthcare had $124.06 million in
total assets, $126.66 million in total liabilities, $6.96 million
in preferred non-controlling interest, and a total deficit of
$9.55
million.


FUEL PERFORMANCE: Recurring Losses Raise Going Concern Doubt
------------------------------------------------------------
Fuel Performance Solutions, Inc., filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net loss of $49,618 on $9,045 of net revenues for the three months
ended June 30, 2016, compared to a net loss of $505,195 on $91,295
of net revenues for the three months ended June 30, 2015.

For the six months ended June 30, 2016, the Company reported a net
loss of $489,520 on $56,667 of net revenues compared to a net loss
of $975,724 on $225,368 of net revenues for the six months ended
June 30, 2015.

As of June 30, 2016, the Company had $2.26 million in total assets,
$4.42 million in total liabilities and a total stockholders'
deficit of $2.16 million.

"A critical component of our operating plan affecting our ability
to execute the product commercialization process is the cash
resources needed to pursue our marketing and sales objectives.
Until we are able to generate positive and sustainable operating
cash flow, our ability to attract additional capital resources in
the future will be critical to continue the funding of our
operations," the Company said in the report.

In its audit report dated June 30, 2016, the Company's independent
registered public accounting firm expressed substantial doubt about
the Company's ability to continue as a going concern.
MaloneBailey, LLP, in Houston, Texas, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2015, citing that the Company has suffered recurring
loss from operations and has a working capital deficit.  This
factor raises substantial doubt about the Company's ability to
continue as a going concern.

The Company's quarterly report on Form 10-Q is available from the
SEC website at https://is.gd/ZH3hD2

                     About Fuel Performance

Fuel Performance Solutions, Inc., was incorporated in Nevada on
April 9, 1996, by a team of individuals who sought to address the
challenges of reducing harmful emissions while at the same time
improving the operating performance of internal combustion
engines, especially with respect to fuel economy and engine
cleanliness.  After the Company's incorporation, its initial focus
was product research and development, but over the past few years,
the Company's efforts have been directed to commercializing its
product slate, primarily DiesoLiFTTM and the PerfoLiFTTM BD-
Series, for use with diesel fuel and bio-diesel fuel blends, by
focusing on marketing, sales and distribution efforts in
conjunction with our distribution partners.  On Feb. 5, 2014, the
Company changed its name from International Fuel Technology, Inc.,
to Fuel Performance Solutions, Inc.

Fuel Performance reported a net loss of $1.92 million on $456,000
of net revenues for the year ended Dec. 31, 2015, compared to a net
loss of $1.65 million on $1.72 million of net revenues for the year
ended Dec. 31, 2014.


FUNCTION(X) INC: Receives Noncompliance Notice from Nasdaq
----------------------------------------------------------
Function(x) Inc. received a letter from the Listing Qualifications
Department of The Nasdaq Stock Market on Aug. 10, 2016, notifying
the Company that the Staff has determined that the Company violated
the director independence requirements of Listing Rule 5605.
Listing Rule 5605 requires that companies listed on Nasdaq are
required to maintain a majority of independent directors.  As of
Aug. 1, 2016, Birame Sock, formerly an independent member of the
Company's Board, resigned from the Board when she was appointed the
Company's president and chief operating officer.  As a result of
that resignation, the Company does not meet Nasdaq's requirement of
a majority of independent directors.

The Letter has no current effect on the listing of the Company's
common stock.

Consistent with the provisions of Listing Rules 5605(b)(1)(A) and
5605(c)(4), Nasdaq has provided the Company a cure period in order
to regain compliance as follows:

  * Until the earlier of the Company's next annual shareholders'
    meeting or Aug. 1, 2017; or

  * If the next annual shareholders' meeting is held before
    Jan. 30, 2017, then the Company must evidence compliance no
    later than Jan. 30, 2017.

As reported on the Company's Current Report on Form 8-K dated Aug.
3, 2016, the Company intends to appoint at least one other
independent director timely to meet the requirements.

                     About Function(x)Inc.

Function(x)Inc., formerly known as DraftDay Fantasy Sports Inc.,
offers a high quality daily fantasy sports experience directly to
consumers and to businesses desiring turnkey solutions to new
revenue streams.  DraftDay Fantasy Sports Inc. is the largest
shareholder of DraftDay Gaming Group, with a 44% stake.  Sportech
owns 35%.  By combining and capitalizing on the well-established
operational business assets of DraftDay and Sportech, the new
DraftDay is well-positioned to become a significant player in the
explosive fantasy sports market.  DraftDay has paid out over $30
million in prizes with increased player retention and brand
loyalty.  DraftDay Fantasy Sports also operates MyGuy and Viggle
Football both of which offer real-time interactive participation
with professional and college football games; Wetpaint, which
offers entertainment and celebrity news; and Choose Digital, a
digital marketplace platform that allows companies to incorporate
digital content into existing rewards and loyalty programs in
support of marketing and sales initiatives.

"The Company is unlikely to generate significant revenue or
earnings in the immediate or foreseeable future.  The continuation
of the Company as a going concern is dependent upon the continued
financial support from its stockholders, the ability of the Company
to obtain necessary equity or debt financing to continue
development of its business and to generate revenue.  Management
intends to raise additional funds through equity and/or debt
offerings until sustainable revenues are developed.  There is no
assurance such equity and/or debt offerings will be successful and
therefore there is substantial doubt about the Company's ability to
continue as a going concern within one year after the financial
statements are issued," according to the Company's quarterly report
for the period ended Dec. 31, 2015.

As of March 31, 2016, DraftDay had $32.4 million in total assets,
$48.6 million in total liabilities, $12.5 million in series C
convertible redeemable preferred stock and a $28.6 million total
stockholders' deficit.


GAIL BALMER ROUMELL: Plan Confirmation Hearing Set for Oct. 6
-------------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of California
issued an order tentatively approving the disclosures in the
Combined Plan and Disclosure Statement filed by debtor Gail Balmer
Roumell.

Sept. 23, 2016, is the last day for submitting written ballots
accepting or rejecting the plan. Ballots should be sent to:

          Richard Sturdevant, Esq.
          Financial Relief Law Center
          1200 Main St., Suite G
          Irvine, CA 92614

Sept. 23, 2016, is the last day for filing and serving written
objections to the
disclosure statement and/or to confirmation of the plan.

The hearing on final approval of the disclosure statement and on
confirmation of
the plan will occur on Oct. 6, 2016, at 450 Golden Gate Ave,
Courtroom 19,
San Francisco, California.  If any objections to the disclosure
statement or to the
confirmation of the plan place disputed facts at issue, the hearing
will also be a
status conference to set a schedule for resolution of those factual
disputes.

As reported by the Troubled Company Reporter on July 28, 2016,
general unsecured creditors that hold a claim of more than $1,000
will get 3% of the allowed claim to be paid over five years in 20
equal quarterly installments.  Meanwhile, any general unsecured
creditor whose claim is $1,000 or less will receive a single
payment of $317 on the effective date of the plan.

A copy of the disclosure statement detailing the restructuring
plan
is available for free at https://is.gd/3m9hD4

                    About Gail Balmer Roumell

Gail Balmer Roumell sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Cal. Case No. 15-31470) on Nov. 24,
2015.  The Debtor is represented by Richard Sturdevant, Esq., at
Financial Relief Law Center.


GARY ROLAND: Deutsche Bank Opposes Approval of Exit Plan
--------------------------------------------------------
Deutsche Bank National Trust Company asked the U.S. Bankruptcy
Court for the Eastern District of Kentucky to deny approval of the
Chapter 11 plan proposed by Gary and Renee Roland, saying it
violates the Bankruptcy Code.

Deutsche Bank said the restructuring plan violates section
1123(b)(5) of the Bankruptcy Code because it attempts to modify its
rights as holder of a secured claim on the Debtors' residential
property.

Deutsche Bank holds a first mortgage on the property located along
Chenault Road, Lexington, Kentucky.  The bank asserts a $516,987
secured claim, plus pre-bankruptcy arrearage of $166,548.

According to the bank, the Debtors are currently in the process of
a HAMP loan modification trial plan, and that the loan has not yet
been permanently modified.

"In the event this is modified, it would be per different terms
than those that are currently listed in the Debtors' amended plan,"
Deutsche Bank said in a filing.

Deutsche Bank is represented by:

     Andrew A. Paisley, Esq.
     The Law Offices of
     Clunk, Paisley and Associates, P.S.C.
     2360 Chauvin Drive, Suite 204
     Lexington, KY 40517-3917
     Telephone: (502) 867-6758
     Facsimile: (502) 867-6761  
     Email: bknotice@johndclunk.com

                  About Gary and Renee Roland

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


GAWKER MEDIA: Univision Emerges as Highest Bidder for Assets
------------------------------------------------------------
Univision Communications, the Spanish-language media company,
submitted the highest bid for Gawker Media's assets with an offer
of about $135 million.

Pursuant to the Bidding Procedures Order, the auction was conducted
on Aug. 16, 2016 at the offices of Ropes & Gray LLP, 1211 Avenue of
the Americas, New York, NY.

At the conclusion of the auction, in accordance with the Bidding
Procedures Order, the Debtors, in consultation with the Official
Committee of Unsecured Creditors, have designated the bid from
UniModa, LLC, a wholly-owned subsidiary of Univision Communications
Inc. as the successful bid.

"Gawker Media Group has agreed this evening to sell our business
and popular brands to Univision," Gawker's Nick Denton said in a
statement. "I am pleased that our employees are protected and will
continue their work under new ownership -- disentangled from the
legal campaign against the company."

According to WIRED, the television network and web publisher beat
out publisher Ziff Davis, which started the bidding at $90 million,
in the bankruptcy auction.

A hearing to consider approval of the sale of the assets to
Univision will be held on August 18, 2016 at 2:00 p.m. (prevailing
Eastern Time) before the Honorable Stuart M. Bernstein, United
States Bankruptcy Judge, in the United States Bankruptcy Court for
the Southern District of New York, Courtroom 723, One Bowling
Green, New York, New York.

The deadline for objecting to the assumption and assignment of a
nonresidential lease or other executory contract solely on the
basis of whether the successful bidder can provide adequate
assurance of future performance as required by Section 365 of the
Bankruptcy Code will be August 18, 2016 at 12:00 p.m. (prevailing
Eastern Time).

                      About Gawker Media

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

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

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

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

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

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

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


GK & SONS: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------
Debtor: GK & Sons Holdings, LLC
        2545 Old Okeechobee Road
        West Palm Beach, FL 33409

Case No.: 16-21298

Chapter 11 Petition Date: August 16, 2016

Court: United States Bankruptcy Court
       Southern District of Florida (West Palm Beach)

Judge: Hon. Paul G. Hyman, Jr.

Debtor's Counsel: Brett A Elam, Esq.
                  FARBER + ELAM, LLC
                  105 S. Narcissus Avenue, Suite 802
                  West Palm Beach, FL 33401
                  Tel: 561.833.1113
                  Fax: 561-833-1115
                  E-mail: belam@brettelamlaw.com
                          belam@farberelamlaw.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Glenroy Hessing, managing member.

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/flsb16-21298.pdf


GOLDEN QUEEN: Has Insufficient Funds to Repay Current Liabilities
-----------------------------------------------------------------
Golden Queen Mining Co. Ltd. filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $3.57 million on $3.46 million of revenue for the three months
ended June 30, 2016, compared to a net loss of $2.09 million on
$nil of revenue for the same period in 2015.

For the six months ended June 30, 2016, the Company listed a net
loss of $12.85 million on $3.46 million of revenues, compared to a
net loss of $3.81 million on $nil of revenues for the same period
in the prior year.

As of June 30, 2016, the Company had $163.51 million in total
assets, $81.96 million in total liabilities, $26.40 million in
redeemable portion of non-controlling interest, and a total
stockholders' equity of $55.15 million.

The Company entered the production phase and began generating
revenues from operations during the three months ended June 30,
2016. The Company had an accumulated deficit of $90,940,578 and a
working capital deficit of $29,001,254 at June 30, 2016. Cash used
in operations for the six months ended June 30, 2016 was
$7,056,662.

Golden Queen, on a non-consolidated basis, currently does not have
sufficient funds to repay the $37,500,000 loan, plus the accrued
interest, at the issuance date of the condensed consolidated
interim financial statements. However, in order to secure the
necessary funds to meet this upcoming obligation and mitigate the
going concern issue, management is evaluating its options,
including debt and equity, and to re-finance the June 2015 Loan
which matures on December 8, 2016. The Company raised gross
proceeds of C$16 million in July, and the proceeds will be used to
repay a portion of the loan.

While Golden Queen has been successful at certain of these efforts
in the past, there can be no assurance that future efforts will be
successful. This raises substantial doubt about this entity's
ability to continue as a going concern.

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

                      http://bit.ly/2btZycD

Golden Queen Mining Co. Ltd. (TSX: GQM) is an emerging gold and
silver production company based in Vancouver, British Columbia. The
Company holds a 50% interest in a mining operation located
outside the town of Mojave, Kern County in southern California.



GRANDE COMMUNICATIONS: S&P Puts 'B+' CCR on CreditWatch Negative
----------------------------------------------------------------
S&P Global Ratings said that it placed its 'B+' corporate credit
rating on San Marcos, Texas-based cable TV overbuilder Grande
Communications Networks LLC on CreditWatch with negative
implications.

"The CreditWatch placement follows the announcement that the
company's private equity sponsors, ABRY Partners, have agreed to
sell Grande and RCN Telecom LLC to TPG Capital for $650 million and
$1.6 billion, respectively," said S&P Global Ratings' credit
analyst William Savage.  S&P expects the assets of Grande and RCN
to be combined into a new entity.  In S&P's view, the combined
debt-to-EBITDA leverage at the new entity will likely be greater
than 5.0x given private equity sponsorship and debt-to-EBITDA
leverage at RCN, which was 5.4x on March 31, 2016.

In resolving the CreditWatch placement, S&P will be discussing the
strategic implications of the sale to TPG Capital and combination
with RCN Telecom with management, as well as discussing the
proposed capital structure.  S&P intends to resolve the CreditWatch
placement over the coming months, with the expectation that if
leverage were to exceed 5x, S&P would likely downgrade the company
by one notch.


GREAT BASIN: Files Form S-1 Prospectus With SEC
-----------------------------------------------
Great Basin Scientific, Inc., filed a Form S-1 registration
statement with the Securities and Exchange Commission relating to
the offering up to _______ Units, each Unit consisting of one share
of the Company's common stock, par value $0.0001, and      Series I
Warrant, each Series I Warrant to purchase one share of our common
stock, subject to adjustment.  The Units are being offered at an
assumed public offering price of $____ per Unit, the last reported
sale price of the Company's common stock on the NASDAQ Capital
Market on August___, 2016.

The Units will not be issued to purchasers or certificated.
Purchasers will receive only shares of common stock and Series I
Warrants.  The common stock and the Series I Warrants may be
transferred separately immediately upon issuance.

Each Series I Warrant is exercisable to purchase one share of the
Company's common stock for a period of five years from their date
of issuance.  Each Series I Warrant will have an initial exercise
price per share that is not less than 100% of the last reported
sale price of the Company's common stock on The NASDAQ Capital
Market as of the close of trading immediately prior to the pricing
of this offering.  This prospectus also covers the shares of common
stock issuable from time to time upon exercise of the Series I
Warrants.

The Company's common stock is listed on the NASDAQ Capital Market
under the symbol "GBSN."  On Aug. 12, 2016, the last reported sales
price of the Company's common stock on the NASDAQ Capital Market
was $0.23 per share.  There is no established trading market for
the Series I Warrants and the Company does not expect active
trading market to develop.  In addition, the Company does not
intend to list the Series I Warrants on any securities exchange or
other trading market.  Without an active trading market, the
liquidity of the Series I Warrants will be limited.

The Company has applied to the NASDAQ Capital Market for the
listing of (i) the shares of common stock underlying the Units and
(ii) the shares of common stock issuable upon the exercise of the
Series I Warrants.  Listing of such securities will be subject to
us fulfilling all the listing requirements of the NASDAQ Capital
Market.

A full-text copy of the preliminary prospectus is available for
free at https://is.gd/mrr5N7

                         About Great Basin

Great Basin Scientific is a molecular diagnostic testing company
focused on the development and commercialization of its patented,
molecular diagnostic platform designed to test for infectious
disease, especially hospital-acquired infections.  The Company
believes that small to medium sized hospital laboratories, those
under 400 beds, are in need of simpler and more affordable
molecular diagnostic testing methods.  The Company markets a system
that combines both affordability and ease-of-use, when compared to
other commercially available molecular testing methods, which the
Company believes will accelerate the adoption of molecular testing
in small to medium sized hospitals.  The Company's system includes
an analyzer, which it provides for its customers' use without
charge in the United States, and a diagnostic cartridge, which the
Company sells to its customers.

Great Basin reported a net loss of $57.9 million in 2015 following
a net loss of $21.7 million in 2014.

As of March 31, 2016, Great Basin had $27.6 million in total
assets, $70.99 million in total liabilities, and a total
stockholders' deficit of $43.4 million.

Mantyla McReynolds, LLC, in Salt Lake City, Utah, issued a "going
concern" opinion in its report on the consolidated financial
statements for the year ended Dec. 31, 2015, citing that the
Company has incurred substantial losses from operations causing
negative working capital and negative operating cash flows.  These
issues raise substantial doubt about its ability to continue as a
going concern.


GREENSHIFT CORP: Delays Filing of June 30 Quarterly Report
----------------------------------------------------------
GreenShift Corporation filed a Form 12b-25 notification with the
Securities and Exchange Commission in connection with the delay in
the filing of its quarterly report on Form 10-Q for the period
ended June 30, 2016.  The Company said its Quarterly Report on Form
10-Q could not be filed within the required time because there was
a delay in completing the procedures necessary to close the books
for the quarter.

                  About Greenshift Corporation

Headquartered in New York, GreenShift Corporation develops and
commercializes clean technologies designed to integrate into and
leverage established production and distribution infrastructure to
address the financial and environmental needs of its clients by
decreasing raw material needs, facilitating co-product reuse, and
reducing waste and emissions.

Greenshift reported net income of $15.8 million on $9.46 million of
revenue for the year ended Dec. 31, 2015, compared to net income of
$941,000 on $12.8 million of revenue for the year ended Dec. 31,
2014.

As of March 31, 2016, the Company had $6.32 million in total
assets, $16.05 million in total liabilities, and a total
stockholders' deficit of $9.72 million.

Rosenberg Rich Baker Berman & Company, in Somerset, New Jersey,
issued a "going concern" qualification on the consolidated
financial statements for the year ended Dec. 31, 2015, citing that
the Company has incurred operating losses, and current liabilities
exceeded current assets by approximately $11.4 million as of
Dec. 31, 2015.  In addition, the Company has guaranteed significant
debt of its parent company.  These conditions raise substantial
doubt about its ability to continue as a going concern.


GROVE PLAZA PARTNERS: Exit Plan to Pay Unsecured Creditors in Full
------------------------------------------------------------------
General unsecured creditors of Grove Plaza Partners, LLC will be
paid in full under the company's proposed Chapter 11 plan of
reorganization.

General unsecured creditors will receive 100% of their Class 2
claims in a lump-sum paid from Grove Plaza's future earnings within
30 days after the effective date of the plan.

Class 2 creditors may not take any collection action against Grove
Plaza so long as the company is not in default under the plan,
according to the company's disclosure statement filed with the U.S.
Bankruptcy Court for the Northern District of California.  

A copy of the disclosure statement is available for free at:
http://bankrupt.com/misc/GrovePlaza_DS081116.pdf

                   About Grove Plaza Partners

Headquartered in Redwood Shores, Cal., Grove Plaza Partners, LLC
filed for Chapter 11 bankruptcy protection (Bankr. N.D. Cal. Case
No. 16-30531) on May 13, 2016, estimating its assets and
liabilities at between $10 million and $50 million. The petition
was signed by George A. Arce, Jr., manager.  

Reno F.R. Fernandez, Esq., at MacDonald Fernandez LLP, serves as
the Debtor's bankruptcy counsel.  The case is assigned to Judge
Dennis Montali.


GUP'S HILL PLANTATION: To Pay Unsecured Creditors in Full
---------------------------------------------------------
General unsecured creditors of Gup's Hill Plantation, LLC will
receive full payment under the company's latest Chapter 11 plan of
reorganization.

The plan filed on August 11 with the U.S. Bankruptcy Court
for the District of South Carolina proposes to pay Class 11 general
unsecured claims in full, with interest at 5.5%, in equal payments
over 60 months.  Payments will begin on the effective date of the
plan.

Meanwhile, the general unsecured claim of Kathryn Rainsford, which
is classified in Class 10, will not be paid until all secured
claims have been paid in full.  

The claim in the amount of $1,039,203 will be paid from the
operating cash flow of the hotel owned by Gup's Hill, rental
property and timber operations of the company with interest at the
contract rate, according to the disclosure statement explaining the
plan.

A copy of the disclosure statement is available for free at
http://bankrupt.com/misc/GupsHill_2DS081116.pdf

                        About Gup's Hill

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

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


HAMILTON TRUCKING: U.S. Trustee Unable to Appoint Committee
-----------------------------------------------------------
The Office of the U.S. Trustee disclosed in a court filing that no
official committee of unsecured creditors has been appointed in the
Chapter 11 case of Hamilton Trucking, LLC.

                       About Hamilton Trucking

Hamilton Trucking, LLC, filed a Chapter 11 bankruptcy petition
(Bankr. M.D. Fla. Case No. 16-01899) on May 20, 2016.  Taylor J.
King, Esq., at the Law Offices Of Mickler & Mickler serves as the
Debtor's bankruptcy counsel.


HESS COMMERCIAL: Court to Take Up Exit Plan on Sept. 13
-------------------------------------------------------
The U.S. Bankruptcy Court for the Western District of Pennsylvania
will consider approval of the Chapter 11 plan of reorganization of
Hess Commercial Printing, Inc. at a hearing on September 13.

The court will also consider at the hearing the final approval of
the company's disclosure statement, which it conditionally approved
on August 11.

The court order set a September 6 deadline for creditors to cast
their votes and file their objections.  Hess is required to file a
ballot report no later than three days before the hearing.

                 About Hess Commercial Printing

Hess Commercial Printing, Inc. sought protection under Chapter 11
of the Bankruptcy Code (Bankr. W.D. Penn., Case No. 16-20470) on
Feb. 12, 2016.  The Debtor is represented by Michael P. Kruszewski,
Esq., at Quinn Law Firm.


HIGH RIDGE MANAGEMENT: Court to Take Up Exit Plan on Sept. 13
-------------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Florida will
consider approval of the Chapter 11 plan of High Ridge Management
Corp. at a hearing on September 13.

The court will also consider at the hearing the final approval of
High Ridge's disclosure statement, which it conditionally approved
on August 10.

The court order set an August 30 deadline for creditors to cast
their votes and a September 6 deadline to file their objections.  

                        About High Ridge

High Ridge Management Corp., Hollywood Pavilion and Hollywood Hills
Rehabilitation Center LLC, sought Chapter 11 protection (Bankr.
S.D. Fla. Lead Case No. 15-16388) in Fort Lauderdale, Florida, on
April 8, 2015.  Judge John K Olson presides over the jointly
administered cases.

High Ridge estimated $10 million to $50 million in assets and
debt.

High Ridge owns real property located at 1200 North 35th Avenue and
1201 North 37th Avenue, Hollywood, Florida, and is the landlord of
Pavilion and Hollywood Hills.  Before executing a management
agreement with Larkin Community Hospital, Pavilion was operating a
50-bed Florida-licensed mental health hospital on the real
property.  Before the appointment of a receiver, Hollywood Hills
operated a 152-bed Florida-licensed nursing home on the real
property.

High Ridge is the 100 percent owner of the membership interests in
Hollywood Hills and Pavilion.  Prior to Jan. 14, 2014, when a
receiver was appointed, High Ridge managed the operations for
Pavilion and Hollywood Hills.

Timothy R Bow, Esq., and Grace E. Robson, Esq., at Markowitz Ringel
Trusty + Hartog, P.A., in Fort Lauderdale, Florida, serve as the
Debtors' counsel.


HOPKINTON DRUG: To Set Aside $350,000 to Pay Unsecured Creditors
----------------------------------------------------------------
Hopkinton Drug, Inc. on August 11 filed a Chapter 11 plan of
reorganization that will set aside $350,000 to pay general
unsecured claims.

Under the plan, the company will pay $350,000 to general unsecured
creditors over two years, with a down payment of $250,000.

The plan proposes to pay McKesson Drug, Inc.'s $23,000 secured
claim in equal installments over one year, and pay in full a
convenience class owed $2,000 or less.

The restructuring plan also calls for the transfer of the
shareholder interest from Dennis Katz to his wife Teresa Anthony, a
project manager at Hopkinton Drug, in exchange for the infusion of
$200,000 into the company.

The total amount required at confirmation to make the initial
payment to creditors and pay administrative expenses is expected to
be $315,000, according to the company's disclosure statement filed
with the U.S. Bankruptcy Court for the District of Massachusetts.

A copy of the disclosure statement is available for free at
http://bankrupt.com/misc/HopkintonDrug_DS081116.pdf

                      About Hopkinton Drug

Hopkinton Drug, Inc. operates both a gift store and a community
retail pharmacy in Hopkinton.  Aside from manufactured
pharmaceuticals, the Debtor sells medical equipment and garments,
provides counseling, and ships prescription medications to
customers in a number of states.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. Mass. Case No. 16-40234) on February 19, 2016.  The
petition was signed by Dennis Katz, president.  

The case is assigned to Judge Christopher J. Panos.

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


HPI PLUMBING: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: HPI Plumbing, Inc.
        2545 Old Okeechobee Road
        West Palm Beach, FL 33409

Case No.: 16-21297

Chapter 11 Petition Date: August 16, 2016

Court: United States Bankruptcy Court
       Southern District of Florida (West Palm Beach)

Judge: Hon. Paul G. Hyman, Jr.

Debtor's Counsel: Brett A Elam, Esq.
                  FARBER + ELAM, LLC
                  105 S. Narcissus Avenue, Suite 802
                  West Palm Beach, FL 33401
                  Tel: 561.833.1113
                  Fax: 561-833-1115
                  E-mail: belam@brettelamlaw.com
                          belam@farberelamlaw.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Glenroy Hessing, president.

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/flsb16-21297.pdf


HTG MOLECULAR: Needs More Capital to Continue as a Going Concern
----------------------------------------------------------------
HTG Molecular Diagnostics, Inc., filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net loss $6.85 million on $1.89 million of total revenue for the
three months ended June 30, 2016, compared to a net loss of $6.45
million on $790,551 of total revenue for the same period last
year.

For the six months ended June 30, 2016, HTG reported a net loss of
$13.87 million on $2.76 million of total revenue, compared to a net
loss of $10.54 million on $1.81 million of total revenue for the
six months ended June 30, 2015.

As of June 30, 2016, HTG had $31.67 million in total assets, $27.65
million in total liabilities and $4.02 million in total
shareholders' equity.

The accompanying financial statements have been prepared assuming
that the Company will continue as a going concern, which
contemplates the realization of assets and satisfaction of
liabilities in the normal course of business. The Company has had
recurring operating losses and negative cash flows from operations
since its inception and has an accumulated deficit of approximately
$103.4 million, which, without additional financing in the interim,
raise substantial doubt about the Company's ability to continue as
a going concern. As of June 30, 2016, the Company had available
cash, cash equivalents and investments in short term
available-for-sale securities of approximately $22.9 million. In
order to continue as a going concern, the Company believes that it
will need to raise additional equity or debt capital in the future
until its revenue reaches a level sufficient to provide for
self-sustaining cash flows. There can be no assurance that
additional equity or debt financing will be available on acceptable
terms, or at all, or that the Company's revenue will reach a level
sufficient to provide for self-sustaining cash flows. The financial
statements of the Company do not include any adjustments that may
result from the outcome of these uncertainties.

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

                       http://bit.ly/2aRxCtN

HTG Molecular Diagnostics, Inc., markets a novel technology
platform that facilitates the routine use of complex molecular
profiling.  The Tucson, Arizona-based Company's HTG Edge platform,
which is comprised of instrumentation, consumables and software
analytics, automates the molecular profiling of genes and gene
activity.



INNOCENT CHINWEZE: Disclosure Statement Hearing Set for Sept. 20
----------------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Florida will
consider approval of the disclosure statement explaining the
Chapter 11 plan of reorganization of Innocent Chinweze at a hearing
on September 20.

The hearing will be held at 10.30 a.m., at the U.S. Bankruptcy
Court, 299 E. Broward Boulevard 308, Fort Lauderdale, Florida.
Objections are due by September 14.

The Debtor's restructuring plan proposes to make 20 quarterly
payments to general unsecured creditors.  Each general unsecured
creditor will receive a pro rata share of $500 per quarter for the
payments.

The aggregate amount of scheduled unsecured claims is $80,947,
according to court filings.

Funds to be used to make cash payments will come from the
collection of rents from the Debtor's investment properties in N.
Lauderdale, and Gainesville, Florida; and from his occupation as a
lawyer.

                     About Innocent Chinweze

Innocent O. Chinweze sought protection under Chapter 13 of the
Bankruptcy Code on January 4, 2016.  The case was converted to a
Chapter 11 case (Bankr. S. D. Fla. Case No. 16-10063) on February
17, 2016.  The case is assigned to Judge John K. Olson.


INTERCLOUD SYSTEMS: Lacks Cash to Fund Current Operations
---------------------------------------------------------
InterCloud Systems, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $13.33 million on $22.59 million of total revenues for the three
months ended June 30, 2016, compared to a net loss of $14.51
million on $19.56 million of total revenues for the same period in
2015.

For the six months ended June 30, 2016, the Company listed a net
loss of $17.66 million on $40.22 million of total revenues,
compared to a net loss of $24.68 million on $37.80 million of total
revenues for the same period in the prior year.

As of June 30, 2016, InterCloud Systems had $83.61 million in total
assets, $99.92 million in total liabilities and a total
stockholders' deficit of $16.31 million.

The Company's management believes that there is substantial doubt
about the Company's ability to continue as a going concern.  The
Company believes that its available cash balance as of the date of
this filing will not be sufficient to fund its anticipated level of
operations for at least the next 12 months.  The Company's
management believes the Company's ability to continue operations
depends on the ability to sustain and grow revenue and results of
operations as well as the Company's ability to access capital
markets when necessary to accomplish the Company's strategic
objectives.  The Company's management believes that the Company
will continue to incur losses for the immediate future.  For the
quarter ended June 30, 2016, the Company generated gross profits
from operations but failed to achieve positive cash flow from
operations.  The Company expects to finance future cash needs from
the results of operations and, depending on the results of
operations, the Company may need additional equity or debt
financing until the Company can achieve profitability and positive
cash flows from operating activities.

At June 30, 2016, the Company had a working capital deficit of
$21.8 million, as compared to a working capital deficit of $11.4
million at December 31, 2015.

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

                       http://bit.ly/2aVsdDx

InterCloud Systems, Inc., (NASDAQ: ICLD) provides cloud networking
orchestration and automation, for software-defined networking and
network function virtualization cloud environments to the
telecommunications service provider and corporate enterprise
markets.  The Company is based in Shrewsbury, New Jersey.



ISIGN SOLUTIONS: Cummulative Losses Raise Going Concern Doubt
-------------------------------------------------------------
iSign Solutions Inc. filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
attributable to common stockholders of $1.41 million on $356,000 of
total revenue for the three months ended June 30, 2016, compared
with a net loss attributable to common stockholders of $1.81
million on $367,000 of total revenue for the three months ended
June 30, 2015.

For the six months ended June 30, 2016, the Company reported a net
loss attributable to common stockholders of $3.83 million on
$633,000 of total revenue compared to a net loss attributable to
common stockholders of $4.07 million on $814,000 of total revenue
for the same period last year.

As of June 30, 2016, iSign had $1.20 million in total assets, $3.13
million in total liabilities, and a total deficit of $1.93
million.

The Company has incurred significant cumulative losses since its
inception and, at June 30, 2016, the Company's accumulated deficit
was $129 million.  The Company has primarily met its working
capital needs through the sale of debt and equity securities.  As
of June 30, 2016, the Company's cash balance was $455,000.  These
factors raise substantial doubt about the Company's ability to
continue as a going concern.

The Company's quarterly report on Form 10-Q is available from the
SEC website at https://is.gd/51UHfR

                         ABOUT iSIGN

iSIGN (formerly known as Communication Intelligence Corporation or
CIC) is a provider of digital transaction management (DTM) software
enabling fully digital (paperless) business processes. iSIGN's
solutions encompass a wide array of functionality and services,
including electronic signatures, simple-to-complex workflow
management and various options for biometric authentication.  These
solutions are available across virtually all enterprise, desktop
and mobile environments as a seamlessly integrated software
platform for both ad-hoc and fully automated transactions.  iSIGN's
software platform can be deployed both on-premise and as a
cloud-based service, with the ability to easily transition between
deployment models.  iSIGN is headquartered in Silicon Valley.  For
more information, please visit the Company's Web site at
www.isignnow.com.  iSIGN's logo is a trademark of iSIGN.

iSign Solutions reported a net loss attributable to common
stockholders of $7.61 million on $1.62 million of revenue for the
year ended Dec. 31, 2015, compared to a net loss attributable to
common stockholders of $7.37 million on $1.51 million of revenue
for the year ended Dec. 31, 2014.

Armanino LLP, in San Ramon, California, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2015, citing that the Company's significant
recurring losses and accumulated deficit raise substantial doubt
about its ability to continue as a going concern.


JACK WEICHMAN: Court Denies Bid to Dismiss Indictment
-----------------------------------------------------
Judge Philip P. Simon of the United States District Court for the
Northern District of Indiana, Hammond Division, denied James
Schaefer's motion to dismiss Count 11 of the indictment charging
him of conspiracy to conceal assets.

Schaefer was formerly an accountant who appears to have worked for
two firms owned by co-defendant Jack Weichman, Weichman &
Associates and MMDS.  The indictment alleged that Schaefer
conspired with Weichman and his son, co-defendant Ari Weichman, to
defraud Weichman's chapter 11 creditors by concealing income,
assets, and funds on monthly cash flow reports filed in Weichman's
bankruptcy proceedings and on tax returns.  Schaefer moved to
dismiss Count 11 on grounds that he had no duty of disclosure to
the United States Trustee or Weichman's creditors and because "it
is not fair" that Schaefer must "wait until trial to learn of the
evidence of his purported agreement . . . to commit bankruptcy
fraud."

United States Attorney David Capp in September 2015 announced that
a federal grand jury returned a 36-count superseding indictment
charging Jack Weichman, 63, of Dyer, Indiana; Ari Weichman, 35, of
Schererville, Indiana; James Schaefer, 65, of Lowell, Indiana; and
William Bercaw, 68, of Munster, Indiana with participation in
several schemes in violation of federal law.  The previous
indictment charged nine counts of bank fraud, fourteen counts of
bankruptcy fraud, two counts of money laundering, four counts of
wire fraud, and five counts of filing false federal income tax
returns.  The new indictment adds a count of conspiracy to conceal
assets in a bankruptcy proceeding, and an additional count of
concealment of assets.  The new indictment also adds three
additional defendants.  It charges Ari Weichman, son of defendant
Jack Weichman, and James Schafer, Accounting/Tax Manager for the
Weichman and Associates accounting firm, in the concealment of
assets conspiracy.  It also adds William Bercaw, a CPA employed at
Weichman and Associates, as a defendant in the wire fraud counts.

The new charge of conspiracy to conceal assets alleges that Jack
Weichman conspired with Ari Weichman and James Schafer to conceal
assets from the bankruptcy court in an effort to hide Jack
Weichman’s true financial condition.  The indictment alleges
James Schafer filed monthly reports with the bankruptcy court that
disguised assets, in the amount of $790,000.00, as business
expenses in the form of payments to Ari Weichman as an employee of
Weichman and Associates and of MMDS, another Jack Weichman owned
and operated medical billing company, when in fact Ari Weichman
never worked for either company.

This case was investigated by the Internal Revenue Service-Criminal
Investigation Division, the Federal Deposit Insurance
Corporation-Office of Inspector General, and the Federal Bureau of
Investigation.  The case is being prosecuted by Assistant United
States Attorneys Diane L. Berkowitz and David Nozick.

The United States Attorney's Office emphasized that an Indictment
is merely an allegation and that all persons charged are presumed
innocent until and unless proven guilty in court.  If convicted in
court, any specific sentence to be imposed will be determined by
the judge after a consideration of federal sentencing statutes and
the Federal Sentencing Guidelines.

The case is UNITED STATES OF AMERICA, v. JAMES SCHAEFER, Defendant,
Cause No. 2:14-cr-93 (N.D. Ind.).

A full-text copy of Judge Simon's August 5, 2016 opinion and order
is available at https://is.gd/LCEaY4 from Leagle.com.

Jack Weichman is represented by:

          Marty Basu, Esq.
          Theodore T. Poulos, Esq.
          COTSIRILOS TIGHE STREICKER POULOS & CAMPBELL LTD
          33 North Dearborn Street, Suite 600
          Chicago, IL 60602
          Tel: (312)263-0345
          Fax: (312)263-4670
          Email: mbasu@cotsiriloslaw.com
                 tpoulos@cotsiriloslaw.com

            -- and --

          Thomas Lee Kirsch, II, Esq.
          WINSTON & STRAWN LLP
          35 W. Wacker Drive
          Chicago, IL 60601-9703
          Tel: (312)558-5600
          Fax: (312)558-5700
          Email: tkirsch@winston.com

Ari Weichman is represented by:

          Thomas Lee Kirsch, II, Esq.
          WINSTON & STRAWN LLP
          35 W. Wacker Drive
          Chicago, IL 60601-9703
          Tel: (312)558-5600
          Fax: (312)558-5700
          Email: tkirsch@winston.com

            -- and --

          William A. Padula, Esq.
          303 Ridge Road
          Munster, IN 46321
          Tel: (219)836-0222
          Fax: (219)836-0302

James Schaefer is represented by:

          Carolyn P. Gurland, Esq.
          LAW OFFICES OF CAROLYN PELLING GURLAND
          200 South Wacker Drive, 31st Floor
          Chicago, IL 60606
          Tel: (312)429-5100
          Email: carolyn.gurland@kobrekim.com

            -- and --

          Michael Z. Gurland, Esq.
          THE GURLAND LAW FIRM
          2 N. LaSalle St., Ste. 1700
          Chicago, IL 60602-4000

William Bercaw is represented by:

          Kevin E. Milner, Esq.
          LAW OFFICES OF KEVIN MILNER
          1201 N Main Street Suite A
          Crown Point, IN 46307
          Tel: (219)406-0556

United States of America is represented by:

          Diane L. Berkowitz, Esq.
          David J. Nozick, Esq.
          Maria N. Lerner, Esq.
          US ATTORNEY'S OFFICE
          5400 Federal Plz, Ste 1500
          Hammond, IN 46320
          Tel: (219)937-5500

Jack Weichman filed for Chapter 11 bankruptcy (Bankr. N.D Ind. Case
No. 08-23482) on October 16, 2008.


JASON HOLDINGS: Moody's Lowers CFR to B3; Outlook Remains Stable
----------------------------------------------------------------
Moody's Investors Service downgraded Jason Holdings, Inc. I's
Corporate Family Rating to B3 from B2; Probability of Default
Rating (PDR) to B3-PD from B2-PD; the company's first-lien senior
secured credit facilities, consisting of a $40 million revolver
expiring in 2019 and a $310 million term loan due 2021, to B2 from
B1; the company's $110 million second-lien senior secured term loan
due 2022 to Caa2 from Caa1 and its speculative grade liquidity
(SGL) rating to SGL-3 from SGL-2.  Jason's rating outlook remains
stable.

The rating action was based on deterioration in Jason's financial
performance as a result of challenging operating conditions in
Jason's general industrial end-market and uncertainty surrounding
the company's ability to improve its performance in the near to
medium term.  Other factors that drove the downgrade include
Moody's expectations for a slowdown in growth in the automobile
industry in the U.S. coupled with the company's continued
challenges in running its operations across different divisions.
Moody's projects that Jason's high debt-to-EBITDA leverage (6.1x
LTM 07/01/2016 incorporating Moody's standard adjustments) will
remain above that level as the company will be challenged to grow
its top line and will continue to reinvest some of the savings from
its restructuring program announced in January 2016.

The downgrade of Jason's speculative grade liquidity rating
reflects the company's modest projected free cash flow relative to
the size of its debt.  Jason currently has $41.3 million of cash
(approximately 50% of which is overseas) and a full availability on
its $40 million revolver due in 2019.  Moody's notes that the size
of the revolver is small relative to the size of the company.

Jason Holdings, Inc. I is the parent of the borrower, Jason
Incorporated.

Moody's took these specific actions on Jason:

Ratings Downgraded:
Issuer: Jason Holdings, Inc. I
  Corporate Family Rating, to B3 from B2
  Probability of Default Rating, to B3-PD from B2-PD
  Speculative Grade Liquidity Rating, to SGL-3 from SGL-2
Outlook is Stable

Issuer: Jason Incorporated
  $40 Million Senior Secured First-Lien Revolving Credit Facility
   due 2019, to B2 (LGD3) from B1 (LGD3)
  $310 Million Senior Secured First-Lien Term Loan due 2021, to B2

   (LGD3) from B1 (LGD3)
  $110 Million Senior Secured Second-Lien Term Loan due 2022, to
   Caa2 (LGD5) from Caa1 (LGD5)

Outlook is Stable

                         RATINGS RATIONALE

Jason's B3 Corporate Family Rating reflects its moderate size, high
leverage, and exposure to cyclical end markets, as well as
intermittent operational inefficiencies that have negatively
impacted its profitability, most recently in the seating and auto
acoustics segments.  These risks are partially mitigated by the
company's solid market position across several businesses.  Moody's
expects that Jason will experience challenges growing its topline
due to continued weak conditions in the industrial end markets and
the slowdown in the auto industry in the next 12 months.  Moody's
expects relatively stable margins as Jason's restructuring program
announced early 2016 will help manage Jason's operational issues.
However, Moody's anticipates that the company will continue to
generate positive free cash flow of approximately $10 million over
this timeframe.  Debt-to-EBITDA leverage of 6.1 times (LTM
07/01/2016 incorporating Moody's standard adjustments) will
continue to remain above that level.

The stable rating outlook reflects Moody's view that the company
will manage to minimize the negative impact on its earnings from
weakness in its industrial end markets and operational issues by
continuing to implement strategic business initiatives and cost
cutting efforts.

The ratings could be upgraded if the company realizes sufficient
improvements in earning, reducing debt-to-EBITDA leverage to 5.5x
on a sustained basis, and maintains a good liquidity position.

The ratings could be downgraded if the company's operating
performance deteriorates further due to the unexpected challenges
in the operating environment or due to continued operational
issues, resulting in reduced profitability and increased leverage.
A weak liquidity profile could also result in a downgrade.

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

Jason Incorporated, headquartered in Milwaukee, Wisconsin, is a
diversified manufacturing company serving industrial (44% of FYE
2015 revenue), auto (38%) and other industries.  Its products
include finishing (industrial brushes, buffing wheels and
compounds), seating (static and suspension seating for motorcycle,
construction, agricultural, lawn and turf-care equipment),
acoustics (fiber-based acoustical insulation products for the auto
industry) and components (metal, rail safety and other).  Revenue
for the 12 months ended July 1, 2016, was approximately
$720 million.


JOHN ERIC LAWSON: Exit Plan to Pay Unsecured Creditors in Full
--------------------------------------------------------------
Unsecured creditors will receive full payment of their claims under
a Chapter 11 plan of reorganization of John Eric Lawson, a poultry
farmer in Cleveland, Tennessee.

The plan filed on August 11 with the U.S. Bankruptcy Court for the
Eastern District of Tennessee proposes to pay unsecured creditors
100% of their Class 7 claims, pro rata monthly, with interest at
2%.

Payments under the plan will be funded through the Debtor's income
as a poultry farmer, according to the disclosure statement
explaining the plan.

A copy of the disclosure statement is available for free at
http://bankrupt.com/misc/JohnELawson_DS081116.pdf

The Debtor is represented by:

     David J. Fulton, Esq.
     701 Market Street, Suite 1000
     Chattanooga, TN 37402
     Tel: (423) 648-1880
     Fax: (423) 648-1881
     Email: DJF@sfglegal.com

                     About John Eric Lawson

John Eric Lawson, a poultry farmer in Cleveland, Tennessee,
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
E.D. Tenn. Case No. 15-14553) on October 16, 2015.


KEY ENERGY: Incurs $92.8 Million Net Loss in Second Quarter
-----------------------------------------------------------
Key Energy Services, Inc. filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $92.8 million on $95.01 million of revenues for the three months
ended June 30, 2016, compared to a net loss of $65.4 million on
$197 million of revenues for the three months ended June 30, 2015.

For the six months ended June 30, 2016, Key Energy reported a net
loss of $174 million on $206 million of revenues compared to a net
loss of $125 million on $465 million of revenues for the six months
ended June 30, 2015.

As of June 30, 2016, Key Energy had $1.12 billion in total assets,
$1.16 billion in total liabilities and a total deficit of $32.4
million.

"Our ability to fund our operations, pay the principal and interest
on our long-term debt and satisfy our other obligations will depend
upon our available liquidity and the amount of cash flows we are
able to generate from our operations.  Cash used in operations was
$22.4 million during the twelve months ended December 31, 2015 and
$67.4 million during the six months ended June 30, 2016, and, if
industry conditions do not improve, we are likely to continue to
have significant negative cash flows from operations during the
remainder of 2016.

"In light of the current conditions in our industry, our
significant negative cash flow, our high level of indebtedness and
diminishing liquidity and the risk that we may be unable to remain
in compliance with the financial ratios in our Facilities, we
continue to analyze a variety of transactions and alternatives
designed to reduce our debt and improve our liquidity, and we are
in active discussions with our lenders and noteholders regarding
such transactions and alternatives.  No assurance can be given,
however, that we will be able to implement any such transaction or
alternative, if necessary, on commercially reasonable terms or at
all, and, even if we are successful in implementing a strategic
transaction or alternative, such transaction or alternative may not
be successful in allowing us to meet our debt obligations and
improving our liquidity.

"If we breach the covenants under our debt agreements or otherwise
default under those agreements or if we lack sufficient liquidity
to satisfy our debt or other obligations, then, in the absence of a
strategic transaction or alternative, our creditors could
potentially force us into bankruptcy or we could be forced to seek
bankruptcy protection to restructure our business and capital
structure, in which case we could be forced to liquidate our assets
and may receive less than the value at which those assets are
carried on our financial statements.  Even if we are able to
implement a strategic transaction or alternative, such transaction
or alternative may impose onerous terms on us.  Additionally, we
have a significant amount of secured indebtedness that is senior to
our unsecured indebtedness and a significant amount of total
indebtedness that is senior to our existing common stock in our
capital structure.  As a result, implementation of a strategic
transaction or alternative or a bankruptcy proceeding could result
in a limited recovery for unsecured noteholders, if any, and place
equity holders at significant risk of losing all of their interests
in the Company.

"Additionally, if we default under one or more of our debt
agreements, the ABL Lenders will no longer be obligated to extend
credit to us.  Finally, access to the liquidity provided by our ABL
Facility is predicated upon the absence of a default under the ABL
Facility and our other debt agreements and on our ability to
satisfy the conditions to borrowing, which among other things
require that the representations and warranties under the ABL
Facility, including representations and warranties related to our
solvency and the absence of a material adverse effect, remain true
and correct and that we not be in violation of any of the covenants
in the ABL Facility," the Company said in the report.

The Company's quarterly report on Form 10-Q is available from the
SEC website at https://is.gd/qHtX6q

                      About Key Energy

Key Energy Services, Inc. (NYSE: KEG), a Maryland corporation,
claims to be the largest onshore, rig-based well servicing
contractor based on the number of rigs owned.  The Company was
organized in April 1977 and commenced operations in July 1978 under
the name National Environmental Group, Inc.  In December 1992, the
Company became Key Energy Group, Inc. and it changed its name to
Key Energy Services, Inc. in December 1998.

Key Energy reported a net loss of $918 million on $792 million of
revenues for the year ended Dec. 31, 2015, compared to a net loss
of $179 million on $1.42 billion of revenues for the year ended
Dec. 31, 2014.

                         *     *     *

As reported by the TCR on June 20, 2016, S&P Global Ratings lowered
its corporate credit rating on U.S.-based Key Energy Services Inc.
to 'CC' from 'CCC-'.  "The downgrade follow's Key's disclosure that
it entered into confidential agreements with certain holders of its
6.75% senior notes due 2021 and certain lenders of the term loans
regarding a financial restructuring," said S&P Global Ratings
credit analyst David Lagasse.

The TCR reported on May 20, 2016, that Moody's Investors Service
downgraded Key Energy Services, Inc.'s Corporate Family Rating
(CFR) to 'Ca' from 'Caa2', Probability of Default Rating (PDR) to
Ca-PD from Caa2-PD, and senior unsecured rating to 'Ca' from
'Caa3'.  The SGL-4 Speculative Grade Liquidity (SGL) Rating was
affirmed.


KIRBY BROTHERS: Disclosures Okayed; Plan Hearing Set for Aug. 29
----------------------------------------------------------------
The Hon. Michael B. Kaplan of the U.S. Bankruptcy Court for the
District of New Jersey has approved the disclosure statement that
Kirby Brothers, Inc., filed on June 21, 2016.

Hearing on the confirmation of the plan of reorganization is
scheduled for Aug. 29, 2016, at 10:00 a.m.

Kirby Brothers, Inc., filed for Chapter 11 bankruptcy protection
(Bankr. D.N.J. Case No. 16-15442) on March 23, 2016.  David A.
Kasen, Esq., at Kasen & Kasen serves as the Debtor's bankruptcy
counsel.


LATTICE INC: Delays Filing of June 30 Form 10-Q
-----------------------------------------------
Lattice Incorporated filed a Form 12b-25 with the Securities and
Exchange Commission notifying the delay in the filing of its
quarterly report on Form 10-Q for the period ended June 30, 2016.

"The Quarterly Report on Form 10-Q of Lattice Incorporated could
not be filed within the prescribed time period because of a delay
experienced by the Company in compiling required information to
complete its financial statements.  As a result, the Company's
auditors require additional time to complete its review of the
Company's financial statements," the regulatory filing states.

                     About Lattice Inc.

Pennsauken, New Jersey-based Lattice Incorporated provides
telecommunications services to correctional facilities and
specialized telecommunication service providers in the United
States.

Lattice reported a net loss available to common shareholders of
$5.55 million on $7.58 million of revenue for the year ended
Dec. 31, 2015, compared to a net loss available to common
shareholders of $1.82 million on $8.94 million of revenue for the
year ended Dec. 31, 2014.

As of March 31, 2016, Lattice had $3.63 million in total assets,
$11.15 million in total liabilities and a total shareholders'
deficit of $7.52 million.

Rosenberg Rich Baker Berman & Company, in Somerset, New Jersey,
issued a "going concern" qualification on the consolidated
financial statements for the year ended Dec. 31, 2015, citing that
the Company has a working capital deficit and requires additional
working capital to meet its current liabilities.  These factors
raise substantial doubt about the Company's ability to continue as
a going concern.


LEARNED FAMILY: Ordered to Vacate Kachess Lodge
-----------------------------------------------
Judge Marc Barreca of the United States Bankruptcy Court for the
Western District of Washington in Seattle granted in part the
motion filed by Foundation Bank for an order requiring the debtor,
Learned Family LLC, and its members to comply with the confirmed
plan.

The plan expressly incorporates a Release and Settlement Agreement
between the debtor, Foundation Bank, and the Learneds, namely:
Grant Learned Sr. and his wife, Carolyn Learned, and their son,
Grant Learned Jr., and his wife.  

Judge Barreca held that the bank appropriately exercised the
default remedy provided for in the plan by recording the
Deed-in-Lieu of Foreclosure, which conveyed ownership of the
Kachess Lodge from the debtor the bank.  The judge ordered the
debtor and its members to withdraw the lis pendens and to cease and
desist from any action that interferes with the bank's full rights
of ownership of the Kachess Lodge.

The case is In re: Learned Family LLC, Debtors, Case No.
11-16337-MLB (Bankr. W.D. Wash.).

A full-text copy of Judge Barreca's August 1, 2016 memorandum
opinion and order is available at https://is.gd/kk6bfR from
Leagle.com.

Learned Family LLC is represented by:

          Larry B. Feinstein, Esq.
          VORTMAN & FEINSTEIN
          Pike Street Tower
          520 Pike Street, Suite 2250
          Seattle, WA
          Tel: (206)223-9595
          Fax: (206)386-5355
          Email: lbf@chutzpa.com

            -- and --

          Keith A. Kemper, Esq.
          ELLIS LI & MCKINSTRY, LLC
          Market Place Tower
          2025 First Avenue, Penthouse A
          Seattle, WA 98121-3125
          Tel: (206)682-0565
          Fax: (206)625-1052
          Email: kkemper@elmlaw.com

The United States Trustee is represented by:

          Sarah R. Flynn, Esq.
          OFFICE OF THE UNITED STATES TRUSTEE
          700 Stewart Street, Suite 5103
          Seattle, WA 98101
          Tel: (206)553-2000
          Fax: (206)553-2566

Based in Seattle, Wash., Learned Family LLC, c/o Managing Member
(Grant L. Learned Jr.), filed a Chapter 11 bankruptcy petition
(Bankr. W.D. Wash. Case No. 10-14883) on April 29, 2010.  Judge
Thomas T. Glover presides over the case.  Bradley R. Duncan, Esq.,
at Davis Wright Tremaine LLP, serves as counsel to the Debtor.  In
its petition, the Debtor estimated $1,000,001 to $10,000,000 in
both assets and liabilities.  The petition was signed by Grant L.
Learned, Jr., managing member.


LEE MICHAEL LOSEY: Gets Approval of Plan to Exit Bankruptcy
-----------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Illinois on
August 10 confirmed the plan proposed by Lee Michael Losey to exit
Chapter 11 protection.

The court gave the thumbs-up to the plan after finding that it
satisfies the requirements for confirmation under section 1129(a)
of the Bankruptcy Code.

In the same filing, the court also gave approval to the disclosure
statement, which explains the Debtor's plan of reorganization.

A post-confirmation status hearing is scheduled for December 7, at
10:30 a.m.  

Under the plan, Class 5 general unsecured claims will be paid at
the rate of 9.177% over 12 months, with funding to come from
monthly rental income, the Debtor's income and the possible sale of
properties.  A copy of the plan is available for free at:
http://bankrupt.com/misc/LeeMLosey_Plan081116.pdf

The Debtor is represented by:

     Scott R. Clar, Esq.
     Crane, Heyman, Simon, Welch & Clar
     135 South LaSalle Street, Suite 3705
     Chicago, IL 60603
     Phone: (312) 641-6777

                    About Lee Michael Losey

Lee Michael Losey, the deputy director of international aid
organization Core Group Polio Project, sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. N.D. Ill. Case No.
15-35460) on October 19, 2015.  The case is assigned to Judge
Timothy A. Barnes.


LEO MOTORS: Incurs US$869,000 Net Loss in Second Quarter
--------------------------------------------------------
Leo Motors, Inc., filed with the Securities and Exchange Commission
its quarterly report on Form 10-Q disclosing a net loss of
US$869,000 on US$806,000 of revenues for the three months ended
June 30, 2016, compared to a net loss of US$1.05 million on US$1.40
million of revenues for the three months ended June 30, 2015.

For the six months ended June 30, 2016, the Company reported a net
loss of US$1.32 million on US$1.55 million of revenues compared to
a net loss of US$1.65 million on US$1.45 million of revenues for
the same period a year ago.

As of June 30, 2016, Leo Motors had US$7.42 million in total
assets, US$6.1 million in total liabilities and US$1.30 million in
total equity.

"Our liquidity and capital resources are limited.  Accordingly, our
ability to initiate our plan of operations and continue as a going
concern is currently dependent on our ability to either generate
significant new revenues or raise external capital," the Company
stated in the report.

Significant losses from operations have been incurred since
inception and there is an accumulated deficit of $26,245,262 as of
June 30, 2016.  Continuation as a going concern is dependent upon
attaining capital to achieve profitable operations while
maintaining current fixed expense levels.

The Company's quarterly report on Form 10-Q is available from the
SEC website at https://is.gd/2JoyeQ

                       About Leo Motors

Headquartered in Hanam City, Gyeonggi-do, Republic of Korea, Leo
Motors, Inc., a Nevada corporation, is currently engaged in the
research and development of multiple products, prototypes and
conceptualizations based on proprietary, patented and patent
pending electric power generation, drive train and storage
technologies.

In 2011, the Company determined its investment in Leo B&T Inc. an
investment account was impaired and recorded an expense of
$4.5 million.  During the 2012 year the Company had a net non
operating income largely from the result of the forgiveness of
debt for $1.3 million.

Leo Motors reported a net loss of US$4.49 million on US$4.29
million of revenues for the year ended Dec. 31, 2015, compared to a
net loss of US$4.48 million on US$693,000 of revenues for the year
ended Dec. 31, 2014.


LIQUIDMETAL: Needs Additional Capital to Continue as Going Concern
------------------------------------------------------------------
Liquidmetal Technologies, Inc., filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net loss and comprehensive loss of $824,000 on $34,000 of total
revenue for the three months ended June 30, 2016, compared to a net
loss and comprehensive loss of $2.08 million on $39,000 of total
revenue for the same period last year.

For the six months ended June 30, 2016, the Company reported a net
loss and comprehensive loss of $10 million on $202,000 of total
revenue compared to a net loss and comprehensive loss of $4.56
million on $65,000 of total revenue for the six months ended June
30, 2015.

As of June 30, 2016, Liquidmetal had $11.11 million in total
assets, $5.74 million in total liabilities and $5.36 million in
total shareholders' equity.

The Company anticipates that its current capital resources, when
considering expected losses from operations and excluding the
potential additional $55,000 investment by the Investor, will be
sufficient to fund the Company's operations through the middle of
2017.  The Company has a relatively limited history of producing
bulk amorphous alloy products and components on a mass-production
scale.  Furthermore, the ability of future contract manufacturers
to produce the Company's products in desired quantities and at
commercially reasonable prices is uncertain and is dependent on a
variety of factors that are outside of the Company's control,
including the nature and design of the component, the customer's
specifications, and required delivery timelines.  These factors
will likely require that the Company make further equity sales
under the 2016 Purchase Agreement, raise additional funds by other
means, or pursue other strategic initiatives to support its
operations beyond the middle of 2017.  There is no assurance that
the Company will be able to make further equity sales under the
2016 Purchase Agreement or raise additional funds by other means on
acceptable terms, if at all.  If the Company were to make further
equity sales under the 2016 Purchase Agreement or to raise
additional funds through other means by issuing securities,
existing shareholders will be diluted.  If funding is insufficient
at any time in the future, the Company may be required to alter or
reduce the scope of its operations or to cease operations entirely.
Uncertainty as to the outcome of these factors raises 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:

                    http://bit.ly/2bh2NQc

               About Liquidmetal Technologies

Based in Rancho Santa Margarita, Cal., Liquidmetal Technologies,
Inc., and its subsidiaries are in the business of developing,
manufacturing, and marketing products made from amorphous alloys.
Liquidmetal Technologies markets and sells Liquidmetal(R) alloy
industrial coatings and also manufactures, markets and sells
products and components from bulk Liquidmetal alloys that can be
incorporated into the finished goods of its customers across a
variety of industries.  The Company also partners with third-
party licensees and distributors to develop and commercialize
Liquidmetal alloy products.

Liquidmetal reported a net loss and comprehensive loss of $7.31
million on $125,000 of total revenue for the year ended Dec. 31,
2015, compared to a net loss and comprehensive loss of $6.55
million on $603,000 of total revenue for the year ended Dec. 31,
2014.

SingerLewak LLP, in Los Angeles, California, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, stating that the Company has suffered
recurring losses from operations, has negative cash flows from
operations and has an accumulated deficit.  This raises substantial
doubt about the Company's ability to continue as a going concern.



LITHIUM TECHNOLOGY: Virium et al. Awarded $365,000 in Counsel Fees
------------------------------------------------------------------
Judge Leonard P. Stark of the United States District Court for the
District of Delaware granted the plaintiffs' fee request in full,
in the case captioned VIRIUM BV, VFR HOLDING B.V., MAS ARBOS INVEST
BV, and PIET MAZEREEUW BEHEER B.V., Plaintiffs, v. LITHIUM
TECHNOLOGY CORPORATION, Defendant, C.A. No. 13-500-LPS (D. Del.).

The case involves a dispute over attorneys' fees requested by the
plaintiffs Virium BV, VFR Holding B.V., Mas Arbos Invest BV, and
Piet Mazereeuw Beheer B.V. in connection with a civil contempt
order entered against Lithium Technology Corporation and against
non-parties: Martin Koster, Lithium's former Chief Executive
Officer; Lithium's former Chairman of the Board, Graham
Norton-Standen; Inventa (Luxembourg) S.A., its Managing Director;
John Dercksen; and Inventa Ltd.

The plaintiffs requested $315,218.23 for their work on the contempt
proceeding, plus additional fees and costs of $49,189.00 in
connection with the fee dispute.

Judge Stark granted the plaintiffs' requested fees and costs in
their entirety, including all additional fees and costs incurred by
the plaintiffs in connection with the fee dispute.

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

Virium BV is represented by:

          Theodore J. Tacconelli, Esq.
          Rick S. Miller, Esq.
          FERRY, JOSEPH & PEARCE, P.A.
          4 W. Market St.
          Georgetown, DE 19947
          Tel: (302)856-3706
          Fax: (302)856-3709
          Email: ttacconelli@ferryjoseph.com
                 rmiller@ferryjoseph.com

            -- and --

          Melvin A. Simon, Esq.
          COHN BIRNBAUM & SHEA P.C.
          100 Pearl Street
          Hartford, CT 06103
          Tel: (860)493-2200
          Fax: (860)727-0361
          Email: msimon@cbshealaw.com

VFR Holding BV, Mas Arbos Invest BV, Piet Mazereeuw Beheer BV are
represented by:

          Theodore J. Tacconelli, Esq.
          Rick S. Miller, Esq.
          FERRY, JOSEPH & PEARCE, P.A.
          4 W. Market St.
          Georgetown, DE 19947
          Tel: (302)856-3706
          Fax: (302)856-3709
          Email: ttacconelli@ferryjoseph.com
                 rmiller@ferryjoseph.com

Lithium Technology Corporation is represented by:

          Christopher M. Samis, Esq.
          Leslie Katherine Good, Esq.
          WHITEFORD, TAYLOR & PRESTON, L.L.C.
          The Renaissance Centre, Suite 500
          405 North King Street
          Wilmington, DE 19801-3700
          Tel: (302)357-3265
          Fax: (302)357-3281
          Email: kgood@wtplaw.com
                 csamis@wtplaw.com

Martin Koster, Graham Norton-Standen, Inventa (Luxembourg) S.A.,
John Dercksen, Inventa Ltd., are represented by:

          Carl Douglas Neff, Esq.
          Learon John Nelson Bird, Esq.
          FOX ROTHSCHILD LLP
          Citizens Bank Center
          919 North Market Street, Suite 300
          Wilmington, DE 19899-2323
          Tel: (302)654-7444
          Fax: (302)656-8920
          Email: cneff@foxrothschild.com
                 lbird@foxrothschild.com

Hermann Wiegerink, Geurt Gerritsen, Tiram Investments Luxembourg,
Benno de Leeuw Holding B.V., Leo Holla, Black Ocean Ltd., Green
Desert N.V., Bauke Bakhuizen, John Heerschap, are represented by:

          Carl Douglas Neff, Esq.
          FOX ROTHSCHILD LLP
          Citizens Bank Center
          919 North Market Street, Suite 300
          Wilmington, DE 19899-2323
          Tel: (302)654-7444
          Fax: (302)656-8920
          Email: cneff@foxrothschild.com

                      About Lithium Technology

Plymouth Meeting, Pa.-based Lithium Technology Corporation is a
mid-volume production stage company that develops large format
lithium-ion rechargeable batteries to be used as a new power
source for emerging applications in the automotive, stationary
power, and national security markets.

Lithium Technology Corporation filed a voluntary Chapter 11
petition (Bankr. E.D. Tex. Case No. 14-14527) on Dec. 5, 2014.
The petition was signed by Gerson Roeske as global controller.

The Debtor hired Michael E. Hastings, Esq., at Whiteford Taylor &
Preston LLP as its counsel.  The Debtor disclosed total assets of
$1 million to $10 million and total liabilities of $10 milion to
$50 million.  Judge Brian F. Kenney presides over the case.


LPATH INC: Needs Capital Infusion to Continue as Going Concern
--------------------------------------------------------------
LPath, Inc., filed with the U.S. Securities and Exchange Commission
its quarterly report on Form 10-Q disclosing a net loss of $2.66
million on $9,243 of revenues for the three months ended June 30,
2016, compared to a net loss of $2.67 million on $13,329 of
revenues for the three months ended June 30, 2015.

For the six months ended June 30, 2016, the Company reported a net
loss of $4.60 million on $18,851 of revenues compared to a net loss
of $5.44 million on $26,964 of revenues for the same period during
the prior year.

As of June 30, 2016, LPath had $7.06 million in total assets,
$800,818 in total liabilities, and $6.26 million in total
stockholders' equity.

Lpath utilized cash in operations of $4.1 million during the
six-months ended June 30, 2016 and $11.9 million during the year
ended December 31, 2015.  These conditions raise substantial doubt
about the company's ability to continue as a going concern.

As of June 30, 2016, the company had cash and cash equivalents
totaling $4.7 million.  The company may also receive limited
additional funding from future awards of National Institutes of
health ("NIH") or the US Department of Defense ("DoD") grants.
Potential additional near term sources of cash may include the
proceeds from the sale of Lpath common stock under the MLV
agreement.  As they are currently planned, however, the company
does not believe that its existing cash resources will be
sufficient to meet its operating plan for the full 12 month period
after the date of this filing.  To help extend the company's
operating window, the company has reduced its headcount and limited
its research and product development activities.  Based on its
current plans and available resources, the company believes it can
maintain its current operations through the end of November 2016.
The company estimates that at November 30, 2016, the costs to
wind-down its operations in an orderly manner would be
approximately $2.0 million.  As a result, to continue to fund the
company's ongoing operations, including its drug discovery and
development projects, beyond November 30, 2016, the company would
need to secure significant additional capital.   Moreover, its
expenses may exceed its current plans and expectations, which would
require the company to secure additional capital or wind-down its
operations sooner than anticipated.

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

                   http://bit.ly/2bfOfUX

                        About LPath

San Diego, Calif.-based Lpath, Inc. is a biotechnology company
focused on the discovery and development of lipidomic-based
therapeutics, an emerging field of medical science whereby
bioactive lipids are targeted to treat human diseases.

LPath reported a net loss of $10.01 million on $1.59 million of
total revenues for the year ended Dec. 31, 2015, compared to a net
loss of $16.55 million on $5.08 million of total revenues for the
year ended Dec. 31, 2014.

Moss Adams LLP, in San Diego, California, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2015, citing that the Company's recurring losses and
negative operating cash flows raise substantial doubt about the
Company's ability to continue as a going concern.



MARGAUX CITY LIGHTS: Denial of Malouf's Bid for Sanctions Affirmed
------------------------------------------------------------------
The Court of Appeals of Texas, Fifth District, in Dallas affirmed
the trial court's order denying the motion for sanctions filed by
Matthew Malouf, Malouf Interests, Inc. and Minerva Partners, Ltd.

Malouf generally asserted that the trial court abused its
discretion in failing to sanction Elana Spitzberg Trust, JRR
Ventures, Ltd., and MDC Private Retail Investors, Ltd., and/or
their counsel for filing pleadings in violation of Texas Rule of
Civil Procedure 13 and Chapter 10 of the Civil Practice and
Remedies Code.

The appellate court held that Malouf failed to show that the trial
court abused its discretion in failing to award sanctions.

The case is MATTHEW MALOUF, MALOUF INTERESTS, INC., AND MINERVA
PARTNERS, LTD., Appellants, v. ELANA SPITZBERG TRUST, JRR VENTURES,
LTD., AND MDC PRIVATE RETAIL INVESTORS, LTD., Appellees, No.
05-15-00824-CV (Tex. App.).

A full-text copy of the appellate court's August 5, 2016 order is
available at https://is.gd/6LUlMp from Leagle.com.

Margaux City Lights Partners, Ltd. filed for Chapter 11 bankruptcy
(Bankr. N.D. Tex. Case No. 12-35828-bjh-11) in September 2012.
The Bankruptcy Court on Jan. 15, 2014, confirmed a Chapter 11
Plan of Liquidation for the Debtor.  The Effective Date under the
Plan occurred on Jan. 30, 2014.

Margaux City Lights Partners Ltd., owns the City Lights project, a
four-block tract just east of downtown Dallas, Texas.  It sought
bankruptcy court approval to sell the property, according to a
report by The Dallas Morning News.  The report said Greystar, a
South Carolina company that builds and manages apartments, has
contracted to buy the 6-acre mixed-use site.


MATRIX LUXURY: Voluntary Chapter 11 Case Summary
------------------------------------------------
Debtor: Matrix Luxury Homes, LLC
        10801 East Happy Valley Road #88
        Scottsdale, AZ 85255

Case No.: 16-09455

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: August 16, 2016

Court: United States Bankruptcy Court
       District of Arizona (Phoenix)

Judge: Hon. Brenda K. Martin

Debtor's Counsel: Allan D. Newdelman, Esq.
                  ALLAN D NEWDELMAN PC
                  80 E. Columbus Ave.
                  Phoenix, AZ 85012
                  Tel: 602-264-4550
                  Fax: 602-277-0144
                  E-mail: anewdelman@adnlaw.net
                         anewdelman@qwestoffice.net

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Troy Hudspeth, manager.

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


METABOLIX INC: Insufficient Capital Raises Going Concern Doubt
--------------------------------------------------------------
Metabolix, Inc., filed its quarterly report on Form 10-Q,
disclosing a net loss of $3.20 million on $2.79 of total revenues
for the three months ended June 30, 2016, compared with a net loss
of $6.07 million on $744,000 of total revenues for the same period
last year.

For the six months ended June 30, 2016, the Company listed a net
loss of $9.70 million on $3.46 million of total revenues, compared
to a net loss of $11.92 million on $1.40 million of total revenues
for the same period in the prior year.

The Company's balance sheet at June 30, 2016, showed $9.39  million
in total assets, $5.24 million in total liabilities, and
stockholders' equity of $4.14 million.

As of June 30, 2016, the Company held unrestricted cash and cash
equivalents of $3,708.

The Company has an agreement with Aspire Capital Fund, LLC, under
which Aspire has committed to purchase up to $20,000 of Metabolix's
common stock over a 30- month period that began on November 9,
2015. The purchase agreement contains limitations on the number of
shares that the Company may sell to Aspire. Additionally, the
Company and Aspire may not effect any sales of shares of the
Company's common stock under the purchase agreement during the
continuance of an event of default or on any trading day that the
closing sale price of its common stock is less than $0.50 per
share. At June 30, 2016, the full $20,000 remained available under
the purchase agreement with Aspire, although market conditions may
limit the extent to which the Company can draw on this facility.

The Company's present capital resources are not sufficient to fund
its planned operations for a twelve month period and, therefore,
raise substantial doubt about its ability to continue as a going
concern.

The Company is implementing a strategic restructuring under which
Yield10 Bioscience will become its core business with a focus on
developing disruptive technologies for step-change improvements in
crop yield to enhance global food security.

The Company continues to face significant challenges and
uncertainties. The Company's future revenues, expenses and cash
usage will depend on the completion of the strategic restructuring.
Adequate financing to complete the restructuring and implement the
new strategy may not be available.

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

                      http://bit.ly/2aNlbC5

Metabolix, Inc., is focused on delivering substantial solutions to
the plastics industry, having core capabilities in microbial
genetics, fermentation process engineering, chemical engineering,
polymer science, plant genetics and botanicals science.  This
advanced biomaterials company is based in Woburn, Massachusetts.



METRO-GOLDWYN-MAYER: S&P Affirms 'BB' CCR on Debt Refinancing
-------------------------------------------------------------
S&P Global Ratings said that it affirmed its 'BB' corporate credit
rating on California-based Metro-Goldwyn-Mayer Inc. (MGM).  The
rating outlook is stable.

At the same time, S&P assigned its 'BBB-' issue-level rating and
'1' recovery rating to the company's $1 billion asset-based lending
(ABL) revolving credit facility due 2021, which replaces the $665
million ABL revolving credit facility.  The '1' recovery rating
indicates S&P's expectation for significant recovery (90%-100%) of
principal in the event of a payment default.

S&P is also withdrawing its 'BB' issue-level rating and '3'
recovery rating on the company's $300 million term loan, which was
repaid in full on June 27, 2016.

"The rating affirmation is based on our expectation that MGM's
adjusted debt leverage will remain below the low-2x area over the
next 12-18 months and the company will continue to generate stable
cash flows from its extensive library while maintaining adequate
liquidity," said S&P Global Ratings' credit analyst Khaled Lahlo.
The newly structured $1 billion ABL revolving credit facility
replaces MGM's existing $665 million ABL revolving credit facility,
and it lowers the company's borrowing rate to LIBOR plus 2.25% from
LIBOR plus 2.75%.  The company also prepaid its
$300 million 5.125% second-lien term loan.  As a result, S&P
expects interest expense savings in excess of $10 million per year.
S&P's corporate credit rating on MGM also reflects the company's
weak business risk profile and intermediate financial risk profile
assessments.

"The stable rating outlook on MGM reflects our expectation that the
company will maintain adjusted leverage below the low-2x area on a
sustained basis," said Mr. Lahlo.  "We also expect that MGM's
operating cash flow will remain volatile due to film spending, but
the company will likely generate stable cash flow of at least
$250 million annually by monetizing its film library and from its
franchise film releases and earnings from its UAMG acquisition."

S&P could lower its corporate credit rating on MGM if the company's
future film releases underperform S&P's expectations; if its
production strategy shifts to include full financing for a larger,
more expensive film slate; or if its financial policy shifts to
include large debt-financed acquisitions or increased shareholder
rewards, such that adjusted leverage increases and remains
consistently above the low-2x area; and if its liquidity position
becomes pressured.

Although unlikely during the next two years, S&P could raise the
rating if MGM significantly broadens its business through further
expansion into TV production or the development of more solid and
dependable film franchises, both of which could reduce cash flow
volatility such that S&P would revise its assessment of the
company's business risk profile to fair.


MGM RESORTS: Moody's Assigns B1 Rating on $500MM Sr. Unsec. Notes
-----------------------------------------------------------------
Moody's Investors Service assigned a B1 rating to MGM Resorts
International proposed $500 million senior unsecured notes due
2026.  MGM's Ba3 Corporate Family Rating, Ba3-PD Probability of
Default Rating, and B1 senior unsecured notes rating are unchanged.
The rating outlook remains stable.

The net proceed, together with cash on hand, are to be used to
redeem MGM's 7.625% senior notes due in January 2017.

These ratings were assigned:

  Proposed $500 million senior unsecured notes due 2026 at B1
   (LGD4)

                        RATINGS RATIONALE

MGM's Ba3 Corporate Family rating considers MGM's large scale,
dominant presence on the Las Vegas Strip, and improving domestic
operating performance and the positive benefits of the relationship
with MGM Growth Properties, LLC (MGP) (a real estate investment
trust).  The ratings reflect Moody's expectation that debt/EBITDA
will decline to approximately 6.0 times by year-end 2016 and 4.8
times by year-end 2017 and that EBITDAR coverage of consolidated
cash interest plus rent will reach 2.0x by year-end 2017.  Key
credit concerns include above average leverage for the rating
category, declining EBITDA in Macau as a result of shrinking demand
and the risk associated with the ramp-up of new development
projects in Macau and Maryland which open in Q2-2017 and Q4-16,
respectively.

The stable rating outlook reflects Moody's view that consolidated
operating results will improve over the next year due to higher
domestic earnings, contribution from new projects opening in
Maryland and Macau -- offset by continued declines in existing
Macau operations -- and benefits of MGM's Profit Growth Plan.  The
outlook also reflects Moody's expectation that MGM will repay its
$743 million 2017 bond maturity and reduce consolidated leverage.
Ratings could be upgraded if operating results in Macau and
Maryland are tracking to estimated levels, if the domestic
operating environment is stable, and consolidated gross debt/
EBITDA drops near 5.0x.  Ratings could be downgraded if operating
results from new project openings fall materially below estimates
or if consolidated gross debt/EBITDA is sustained above 6.0x.

MGM owns and operates the Bellagio and MGM Grand located on the Las
Vegas Strip in Nevada.  The company is developing MGM National
Harbor in Maryland and MGM Springfield in Massachusetts.  MGM owns
51 percent of MGM China Holdings Limited (expected to increase to
56%), which owns the MGM Macau resort and casino and is developing
a gaming resort in Cotai.  MGM also owns 50 percent of CityCenter
in Las Vegas and approximately 76% of MGM Growth Properties (MGP),
a real estate investment trust formed in April 2016.

In April 2016, MGM sold the real estate associated with ten of its
properties to MGP.  MGM leases and operates these properties for
MGP pursuant to a long-term triple net master lease.  These
properties include: Mandalay Bay, The Mirage, Monte Carlo, New
York-New York, Luxor, Excalibur, and The Park -- all in Las Vegas,
along with three regional casino resort properties, including MGM
Grand Detroit in Michigan and Beau Rivage and Gold Strike Tunica,
both of which are located in Mississippi.  MGM recently acquired
Boyd Gaming's interest in Borgata in Atlantic City, New Jersey and
MGP purchased the real property and leased back to a subsidiary of
MGM pursant to the master lease.  The master lease provides MGP
with a right of first offer with respect to MGM's development
properties in Maryland and Massachusetts.  The annual rent payments
due under the Master Lease, including Borgata will be $650 million.
Consolidated net revenues in 2015 was approximately $9.2 billion.

The principal methodology used in this rating was Global Gaming
Industry published in June 2014.


MGM RESORTS: S&P Assigns 'BB-' Rating on $500MM Sr. Notes Due 2026
------------------------------------------------------------------
S&P Global Ratings assigned its 'BB-' issue-level rating and '3'
recovery rating to Las Vegas-based casino operator MGM Resorts
International's proposed $500 million senior notes due 2026.  The
'3' recovery rating indicates our expectation for meaningful
recovery (50% to 70%; upper half of the range) in the event of a
payment default.  S&P expects the company to use proceeds from the
proposed notes and cash balances to refinance its $743 million of
7.625% senior notes due 2017.

                         RECOVERY ANALYSIS

Key analytical factors

   -- S&P's recovery ratings on MGM Resorts' senior secured debt
      and senior unsecured debt remain unchanged at '1' and '3',
      respectively.

   -- S&P's simulated default scenario contemplates a payment
      default in 2020, reflecting a significant decline in cash
      flow due to prolonged economic weakness and increased
      competitive pressures, particularly in Las Vegas, where MGM
      Resorts' operations are concentrated.  S&P assumes that any
      debt maturing between now and the year of default is
      refinanced on the same terms and its maturity is extended to

      at least the year of default.

   -- S&P's recovery analysis is based on the operations on the
      company's wholly owned domestic operations.

   -- S&P values MGM Resorts using an EBITDA at emergence of about

      $900 million.  This is roughly 15% higher than S&P's
      estimate of fixed charges (interest, amortization, and
      maintenance capital expenditures) at default because S&P
      believes MGM's Las Vegas properties, which experienced
      volatility in the downturn, would experience a rebound in
      cash flows of at least 15% once the economy improved.  This
      growth in cash flow would be similar to what the company
      experienced in 2011 following the last downturn.  S&P
      assumes a reorganization following the bankruptcy, using a
      7x multiple to value the company, consistent with multiples
      S&P uses for other diversified gaming companies.

   -- S&P assumes MGM Resorts' revolving credit facility is 85%
      drawn at the time of default.

   -- S&P assumes administrative claims total 5% of gross
      enterprise value, given the two classes of debt in MGM
      Resorts' capital structure.

   -- MGM Resorts' senior secured credit facility is secured by
      Bellagio and MGM Grand Las Vegas.  As a result, S&P
      allocates value to secured creditors based on the percentage

      of property-level EBITDA these two properties represent.  
      S&P estimates these two properties comprise about 55% of
      MGM's total property-level EBITDA (pro forma for the
      addition of Borgata to the portfolio) after the rent expense

      it pays to MGM Growth Properties.

   -- MGM Resorts' unsecured lenders' recovery prospects are
      supported by the company's unpledged assets (all operating
      assets aside from Bellagio and MGM Grand Las Vegas) as well
      as residual value from those two properties after satisfying

      secured claims.

Simulated default assumptions
   -- Year of default: 2020
   -- EBITDA at emergence: $900 million
   -- EBITDA multiple: 7x

Simplified waterfall
   -- Net enterprise value (after 5% administrative costs):
      $6 billion
   -- Valuation split in % (obligors/non-obligors): 55/45
   -- Collateral value available to secured creditors:
      $3.3 billion
   -- Senior secured debt: $1.3 billion
      -- Recovery expectation: 90% to 100%
   -- Total value available to unsecured creditors: $4.7 billion
   -- Senior unsecured debt: $7.1 billion
      -- Recovery expectation: 50% to 70% (upper half of the
     range)

Note: All debt amounts included six months of prepetition interest.
Value available for unsecured creditors equals unpledged value
plus remaining enterprise value from excess collateral after
repayment of secured debt.

RATINGS LIST

MGM Resorts International  
Corporate Credit Rating                         BB-/Stable/--

New Rating

MGM Resorts International
$500 mil. senior notes due 2026                BB-
  Recovery Rating                               3H


MICHELE R. SPARROW: Court Denies Drew's Bid to Abstain and Remand
-----------------------------------------------------------------
In the case MICHELE RENEE SPARROW, Plaintiff, v. ROBERT SULLINS
DREW, Defendant, Adversary Proceeding No. 16-00037-5-DMW in
relation to bankruptcy case IN RE: MICHELE R. SPARROW, Chapter 11,
Debtor, Case No. 16-01550-5-DMW, Judge David M. Warren of the
United States Bankruptcy Court for the Eastern District of North
Carolina, Raleigh Division, denied the defendant's Motion for
Voluntary Abstention and Remand of Civil Action to the District
Court Division of Granville County, North Carolina.

The Debtor instituted this adversary proceeding by filing a Notice
of Removal of the Civil Action pursuant to 28 U.S.C. Sections 157,
1334, and 1452. In the Motion, Drew requests this court to abstain
from hearing the Civil Action and remand the Civil Action to the
Granville County District Court pursuant to 28 U.S.C. Section
1334(c).

Judge Warren said the bankruptcy court is an appropriate venue for
the Civil Action.  The court is competent and capable to hear
impartially and to decide fairly the issues in the Civil Action.
Further, the court has already scheduled the trial in this
adversary proceeding for October.

The Debtor and Drew were married on September 23, 1994 in Granville
County, North Carolina and separated in July, 2009. On October 22,
2014, the Debtor filed a civil action for divorce and equitable
distribution of property in the Granville County District Court.
Drew asserted counterclaims in the Civil Action for post-separation
support, alimony, and attorney's fees. The parties received their
divorce decree on March 3, 2015.

A full-text copy of the Memorandum Opinion and Order dated August
4, 2016 is available at https://is.gd/Fu4D19 from Leagle.com.

Michele R. Sparrow, Plaintiff, is represented by Vicki L. Parrott,
Esq. -- vlp@nbfirm.com -- Northen Blue, LLP.

Robert Sullins Drew, Defendant, is represented by Travis Sasser,
Esq. -- tsasser@carybklaw.com


MODULAR SPACE: Moody's Lowers CFR to Caa3 & Puts on Review
----------------------------------------------------------
Moody's Investors Service downgraded the corporate family rating of
Modular Space Holdings, Inc. ("ModSpace") to Caa3 from Caa1 and the
rating of senior secured notes issued by ModSpace's wholly owned
subsidiary Modular Space Corporation to Ca from Caa2.  All ratings
are on review - direction uncertain.

The rating action follows ModSpace's announcement on August 15th
that its conditional agreement to merge with Williams Scotsman
International, Inc., a subsidiary of Algeco Scotsman ("Algeco",
Algeco Scotsman Global S.A.R.L.'s corporate family rating Caa1
negative), has been terminated.

Downgrades:

Issuer: Modular Space Corporation
  Senior Secured Regular Bond/Debenture, Downgraded to Ca from
   Caa2; Placed Under Review Direction Uncertain

Issuer: Modular Space Holdings, Inc.
  Corporate Family Rating, Downgraded to Caa3 from Caa1; Placed
   Under Review Direction Uncertain

                         RATINGS RATIONALE

The Caa3 corporate family rating that results from the two-notch
downgrade reflects potential losses Moody's believes ModSpace's
creditors would incur if the company defaults, for instance as a
result of failing to successfully renegotiate its asset-based (ABL)
revolving credit facility that expires on Aug. 29, 2016.

Moody's believes that a distressed exchange is possible on
ModSpace's senior notes that are now rated Ca, indicating a
potential loss of 35%-65%.  ModSpace did not make its Aug. 1,
semi-annual interest payment on the notes, and has disclosed that
it is in negotiations with certain holders of the notes and is
evaluating potential changes to its capital structure.

During its review, Moody's will monitor the company's progress in
renewing/extending its ABL facility and will evaluate the impact of
any changes to its capital structure on the company's credit
profile.  ModSpace's ratings could be downgraded if it fails to
renew its ABL facility and if the holders of the senior notes
realize larger losses than contemplated by the current ratings.
ModSpace's ratings could be upgraded if the company renews or
extends its ABL facility, without imposing meaningful losses on the
existing bondholders.

Based in Berwyn, PA, ModSpace is a North America-based provider of
modular buildings, storage, and services for temporary and
permanent space needs.

The principal methodology used in these ratings was Finance
Companies published in October 2015.


NEPHROS INC: Recurring Losses Raises Substantial Doubt
------------------------------------------------------
Nephros, Inc., filed with the Securities and Exchange Commission
its quarterly report on Form 10-Q disclosing a net loss of $835,000
on $509,000 of total net revenues for the three months ended June
30, 2016, compared to a net loss of $1.81 million on $567,000 of
total net revenues for the same period a year ago.

For the six months ended June 30, 2016, the Company reported a net
loss of $1.67 million on $1.09 million of total net revenues
compared to a net loss of $1.57 million on $1.11 million of total
net revenues for the six months ended June 30, 2015.

As of June 30, 2016, Nephros had $3.99 million in total assets,
$2.32 million in total liabilities, $1.67 million in total
stockholders' equity.

The Company's recurring losses and difficulty in generating
sufficient cash flow to meet its obligations and sustain its
operations raise substantial doubt about its ability to continue as
a going concern.

The Company has incurred significant losses in operations in each
quarter and has not generated positive cash flow from operations
since inception. To become profitable, the Company must increase
revenue substantially and achieve and maintain income from
operations. If the Company is not able to increase revenue and
generate income from operations sufficiently to achieve
profitability, its results of operations and financial condition
will be materially and adversely affected.

Based on the Company's current projections, the Company expects
that its existing cash balances and projected increase in product
sales from the launch of new products, will allow the Company to
fund its operations at least into the first quarter of 2017, if not
longer, depending on the timing and market uptake of its new
products. This assumption excludes the impact of future cash
receipts from recurring operations. There can be no assurance that
the Company's future cash flow will be sufficient to meet its
obligations and commitments. If the Company is unable to generate
sufficient cash flow from operations in the future to service its
commitments, the Company will be required to adopt alternatives,
such as seeking to raise debt or equity capital, curtailing its
planned activities or ceasing its operations. There can be no
assurance that any such actions could be effected on a timely basis
or on satisfactory terms or at all, or that these actions would
enable the Company to continue to satisfy its capital
requirements.

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

                    https://is.gd/lCw2L1

                       About Nephros

River Edge, N.J.-based Nephros, Inc., is a commercial stage medical
device company that develops and sells high performance liquid
purification filters.  Its filters, which it calls ultrafilters,
are primarily used in dialysis centers and healthcare facilities
for the production of ultrapure water and bicarbonate.

Nephros reported a net loss of $3.08 million on $1.94 million of
total net revenues for the year ended Dec. 31, 2015, compared to a
net loss of $7.37 million on $1.74 million of total net revenues
for the year ended Dec. 31, 2014.

Withum Smith+Brown, PC, in Morristown, New Jersey, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the Company has incurred
negative cash flow from operations and recurring net losses since
inception.  These conditions, among others, raise substantial doubt
about its ability to continue as a going concern.



NEWARK DOWNTOWN: Exit Plan to Pay Unsecured Creditors in Full
-------------------------------------------------------------
Unsecured creditors of Newark Downtown Center, Inc. will receive
full payment of their claims, according to the company's latest
Chapter 11 plan of reorganization.

The plan filed on August 11 with the U.S. Bankruptcy Court for the
Southern District of Ohio proposes to pay Class 4 unsecured claims
in full together with interest at the rate of 5% per annum.  

Unsecured creditors will receive the payments within 180 days of
the effective date of the plan or within 90 days of the date a
Class 4 claim is allowed by the court, whichever date is later,
according to the disclosure statement explaining the plan.

A copy of the disclosure statement is available for free at
http://bankrupt.com/misc/NewarkDowntown_2DS081116.pdf

                  About Newark Downtown Center

Newark Downtown Center, Inc., filed for Chapter 11 bankruptcy
protection (Bankr. S.D. Ohio Case No. 16-50893) on Feb. 17, 2016.


NEWPAGE CORP: Court Won't Avoid Environmental Fees Paid to MDE
--------------------------------------------------------------
In an avoidance action filed by the Pirinate Consulting Group, the
Litigation Trustee for the NP Creditor Litigation Trust, against
the Maryland Department of the Environment (MDE), Judge Kevin Gross
of the United States Bankruptcy Court for the District of Delaware
granted the MDE's motion for summary judgment and, accordingly,
denied the Trustee's motion for summary judgment.

The Trustee had sought to avoid the debtors' 2011 Permit Fee,
Asbestos Fee, and Report Fee -- Environmental Fees -- as
preferential transfers.  A summary of the applicable transfers are
as follows:

                      Amount          Payment Delivery Date

     Permit Fee       $1,597,584      July 6, 2011
     Asbestos Fee     $750            July 4, 2011
     Report Fee       $1,000          July 7, 2011

The bankruptcy case is In re: NEWPAGE CORPORATION, et al., Chapter
11, Debtors, Case No. 11-12804 (KG) (Bankr. D. Del.).

The adversary proceeding is PIRINATE CONSULTING GROUP, LLC AS
LITIGATION TRUSTEE OF THE NP CREDITOR LITIGATION TRUST, Plaintiff,
v. MARYLAND DEPARTMENT OF THE ENVIRONMENT, Defendant, Adv. Pro. No.
13-52206 (KG) (Bankr. D. Del.).

A full-text copy of Judge Gross' August 4, 2016 order is available
at https://is.gd/KYIMiz from Leagle.com.

Pirinate Consulting Group LLC, as Litigation Trustee of the NP
Creditor Litigation Trust, is represented by:

          M. Blake Cleary, Esq.
          YOUNG, CONAWAY, STARGATT & TAYLOR
          Rodney Square
          1000 North King Street
          Wilmington, DE 19801
          Tel: (302)571-6600
          Fax: (302)571-1253
          Email: mbcleary@ycst.com

            -- and --

          Michael Comerford, Esq.
          PAUL HASTINGS LLP
          200 Park Avenue
          New York, NY 10166
          Tel: (212)318-6000
          Fax: (212)319-4090
          Email: michaelcomerford@paulhastings.com

Maryland Department of the Environment is represented by:

          Jonathan E. May, MD
          DEPT. OF THE ENVIRONMENT -
          OFFICE OF THE ATTORNEY GENERAL

                     About NewPage Corp

Headquartered in Miamisburg, Ohio, NewPage Corporation was the
leading producer of printing and specialty papers in North
America, based on production capacity, with $3.6 billion in net
sales for the year ended Dec. 31, 2010.  NewPage owns paper mills
in Kentucky, Maine, Maryland, Michigan, Minnesota, Wisconsin and
Nova Scotia, Canada.

NewPage Group, NewPage Holding, NewPage, and certain of their U.S.
subsidiaries commenced Chapter 11 voluntary cases (Bankr. D. Del.
Case Nos. 11-12804 through 11-12817) on Sept. 7, 2011.  Its
subsidiary, Consolidated Water Power Company, is not a part of the
Chapter 11 proceedings.

Separately, on Sept. 6, 2011, its Canadian subsidiary, NewPage
Port Hawkesbury Corp., brought a motion before the Supreme Court
of Nova Scotia to commence proceedings to seek creditor protection
under the Companies' Creditors Arrangement Act of Canada.  NPPH is
under the jurisdiction of the Canadian court and the court-
appointed Monitor, Ernst & Young in the CCAA Proceedings.

Initial orders were issued by the Supreme Court of Nova Scotia on
Sept. 9, 2011 commencing the CCAA Proceedings and approving a
settlement and transition agreement transferring certain current
assets to NewPage against a settlement payment of $25 million and
in exchange for being relieved of all liability associated with
NPPH.  On Sept. 16, 2011, production ceased at NPPH.

NewPage originally engaged Dewey & LeBoeuf LLP as general
bankruptcy counsel.  In May 2012, Dewey dissolved and commenced
its own Chapter 11 case.  Dewey's restructuring group led by
Martin J. Bienenstock, Esq., Judy G.Z. Liu, Esq., and Philip M.
Abelson, Esq., moved to Proskauer Rose LLP.  In June, NewPage
sought to hire Proskauer as replacement counsel.

NewPage is also represented by Laura Davis Jones, Esq., at
Pachulski Stang Ziehl & Jones LLP, in Wilmington, Delaware, as
co-counsel.  Lazard Freres & Co. LLC is the investment banker, and
FTI Consulting Inc. is the financial advisor.  Kurtzman Carson
Consultants LLC is the claims and notice agent.

In its balance sheet, NewPage disclosed $3.4 billion in assets and
$4.2 billion in total liabilities as of June 30, 2011.

The Official Committee of Unsecured Creditors selected Paul
Hastings LLP as its bankruptcy counsel and Young Conaway Stargatt
& Taylor, LLP to act as its Delaware and conflicts counsel.

An affiliate, Newpage Wisconsin System Inc., disclosed
$509,180,203 in liabilities in its schedules.

NewPage successfully completed its financial restructuring and has
officially emerged from Chapter 11 bankruptcy protection pursuant
to its Modified Fourth Amended Chapter 11 Plan, confirmed on
Dec. 14, 2012, by the U.S. Bankruptcy Court for the District of
Delaware in Wilmington.

Pirinate Consulting Group, LLC, has been named as Liquidation
Trustee of the NP Creditor Liquidation Trust.


NORTHWEST TERRITORIAL: Tracy Law Must Return Deposit to Erdmann
---------------------------------------------------------------
Judge Christopher M. Alston of the United States Bankruptcy Court
for the Western District of Washington, Seattle, has determined
that the funds from an advance fee deposit remaining after
compensating The Tracy Law Group (TTLG) for post-petition services
must be returned to Diane Erdmann.

In its motion for authority to withdraw as attorney for debtor,
Northwest Territorial Mint, LLC, TTLG sought an order directing
what steps it should take regarding the remaining deposit funds
provided by Erdmann prior to the commencement of the case.

Nearly $150,000 was provided to TTLG as deposit funds.  In its
withdrawal motion, TTLG disclosed that prior to the filing of the
debtor's Chapter 11 petition, it drew down $21,885.50 from the
deposit funds for prepetition services provided to the debtor in
connection with the bankruptcy filing.  An additional $1,717.00 for
the Chapter 11 filing fees was paid from the funds.  TTLG thus held
in trust $125,857.50 when it filed the petition for the debtor.
TTLG also declared an intention to seek court approval for fees
incurred between the filing and the appointment of the Trustee in
the approximate amount of $36,000.

Judge Alston determined that the remaining deposit funds must be
returned to Erdmann.  The judge also determined that Erdmann
violated the automatic stay when she attempted to obtain the
deposit funds, but that Mark Calvert, the Chapter 11 Trustee, has
not demonstrated that the violation caused any damage to the
bankruptcy estate.  Nonetheless, Judge Alston found that Erdmann's
stay violation was intentional and egregious, and her conduct did
harm TTLG and its owner, J. Todd. Tracy.

The case is In re Northwest Territorial Mint, LLC, Chapter 11,
Debtor, Case No. 16-11767 (Bankr. W.D. Wash.).

A full-text copy of Judge Alston's August 4, 2016 memorandum
opinion and order is available at https://is.gd/rbtfgy from
Leagle.com.

Mark Thomas Calvert, Trustee, is represented by:

          Michael J. Gearin, Esq.
          David C. Neu, Esq.
          Brian T. Peterson, Esq.
          K&L GATES LLP
          925 Fourth Avenue, Suite 2900
          Seattle, WA 98104-1158
          Tel: (206)623-7580
          Fax: (206)623-7022
          Email: michael.gearin@klgates.com
                 david.neu@klgates.com
                 brian.peterson@klgates.com

United States Trustee, US Trustee, is represented by:

          Martin L. Smith, Esq.
          700 Stewart Street, Suite 5103
          Seattle, WA 98101
          Tel: (206)553-2000
          Fax: (206)553-2566

                  About Northwest Territorial

Northwest Territorial Mint LLC sought protection under Chapter 11
of the Bankruptcy Code in the U.S. Bankruptcy Court for the Western
District of Washington (Seattle) (Case No. 16-11767) on April 1,
2016.   

The petition was signed by Ross B. Hansen, member. The case is
assigned to Judge Christopher M. Alston. The Debtor is represented
by J. Todd Tracy, Esq., at The Tracy Law Group PLLC.

The Debtor estimated both assets and liabilities in the range of
$10 million to $50 million.


NUVERRA ENVIRONMENTAL: Lack of Liquidity Raises Going Concern Doubt
-------------------------------------------------------------------
Nuverra Environmental Solutions, Inc., filed with the Securities
and Exchange Commission its quarterly report on Form 10-Q,
disclosing a net loss attributable to common shareholders of $41.93
million on $33.98 million of total revenue for the three months
ended June 30, 2016, compared with a net loss attributable to
common shareholders of $22.74 million on $92.43 million of total
revenue for the same period last year.

At June 30, 2016, the Company had $421.93 million in total assets,
$496.99 million in total liabilities, and total stockholder's
deficit of $75.05 million.

As reflected in the condensed consolidated financial statements,
Nuverra had an accumulated deficit at June 30, 2016, and a net loss
for the six months ended June 30, 2016 and 2015. These factors,
coupled with the Company's large outstanding debt balance, raise
substantial doubt about its ability to continue as a going concern.
Nuverra is attempting to generate sufficient revenues and reduce
costs; however, its cash position may not be sufficient to support
its daily operations if they are not successful. While the Company
has executed a comprehensive strategy to restructure its
indebtedness, improve liquidity and reduce costs, including cash
interest expense, to sustain operations through the prolonged
depression in oil and natural gas prices and the corresponding
impact on its business operations, there can be no assurances to
that effect. Its ability to continue as a going concern is
dependent upon the Company's ability to generate sufficient
liquidity to meet its obligations and operating needs. While the
Company were, and remain, in compliance with its existing debt
arrangements, it recognizes that absent an improvement in oil
prices, it is likely that it will not have enough liquidity,
including cash on hand, to service its debt, operations, and
pay-down debt to avoid covenant violations. The Company's failure
to comply with any of its debt obligations, or obtain waivers
thereof, may cause them to seek relief under the United States
Bankruptcy Code.

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

                       https://is.gd/a8pNO9

Nuverra Environmental Solutions, Inc. (OTCQB: NESC) provides
environmental solutions to customers focused on the development and
ongoing production of oil and natural gas from shale formations.
The Scottsdale, Arizona-based Company operates in shale basins
where customer exploration and production activities are
predominantly focused on shale and natural gas.



O'BAR DEVELOPMENT: Unsecured Creditors to Recoup 50% Under Plan
---------------------------------------------------------------
General unsecured creditors of O'Bar Development, Inc. will get
half of their claims under the company's proposed plan of
reorganization.

Under the plan, general unsecured creditors will receive 50%
of their Class 5 claims upon the effective date of the plan, with
the balance of their claims to be paid six months after the plan
takes effect.

Meanwhile, all equity interests will be cancelled upon confirmation
of the plan.  O'Bar will be recapitalized through the infusion of
fresh capital from investor John Patten in the amount of $15,000.

If the plan is not confirmed, any person may bid for the purchase
of 100% of the equity interest in the company.  The minimum bid is
$15,000.

Any person wishing to participate in the sale must file his offer
with the Clerk of the Bankruptcy Court on or before 4:30 p.m. on
the last day for voting on the plan.  Mr. Patten will be deemed to
be a qualified bidder.

In case there is more than one qualified bidder, an auction will be
conducted before the bankruptcy court at the hearing on
confirmation of the plan.  A hearing on the sale, if necessary,
will take place simultaneously with the confirmation hearing.

The sale of O'Bar's equity interest will not affect the rights of
secured and unsecured creditors, according to the disclosure
statement explaining the plan.

A copy of the disclosure statement is available for free at
http://bankrupt.com/misc/OBarDevelopment_2DS081116.pdf

O'Bar is represented by:

     Henry E. Geberth, Jr., Esq.
     Hendel & Collins, P.C.
     101 State Street
     Springfield, MA 01103
     Tel: (413) 734-6411
     Email: hgeberth@hendelcollins.com

                     About O'Bar Development

O'Bar Development, Inc. operates a trailer depot located at 487
Mashapaug Road in Holland, Massachusetts.  The Debtor sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Mass.
Case No. 14-30686) on July 7, 2014.  The case is assigned to Judge
Melvin S. Hoffman.


OATH CORPORATION: U.S. Trustee Unable to Appoint Committee
----------------------------------------------------------
The Office of the U.S. Trustee disclosed in a court filing that no
official committee of unsecured creditors has been appointed in the
Chapter 11 case of Oath Corp.

                     About Oath Corporation

Oath Corporation, based in Rockledge, Florida, filed a Chapter 11
petition (Bankr. M.D. Fla. Case No. 16-03988) on June 15, 2016.
Christopher R. Lim, Esq., at A.I.M. Law Group, as bankruptcy
counsel.  In its petition, the Debtor estimated $50,000 to $100,000
in assets and $1 million to $10 million in liabilities.


OMEROS CORP: Covenant Problems Raises Going Concern Doubt
---------------------------------------------------------
Omeros Corporation filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $12.61 million on $10 million of total revenues for the three
months ended June 30, 2016, compared to a net loss of $16.68
million on $3.19 million of total revenues for the three months
ended June 30, 2015.

For the six months ended June 30, 2016, the Company reported a net
loss of $33.15 million on $17.42 million of total revenues compared
to a net loss of $35.35 million on $3.57 million of total revenues
for the same period during the prior year.

As of June 30, 2016, Omeros had $46.11 million in total assets,
$95.10 million in total liabilities, and $48.99 million in total
stockholders' deficit.

As of June 30, 2016, Omeros had $21.2 million in cash, cash
equivalents and short-term investments.  In addition, the Company
have $10.0 million in restricted cash and investments that must be
maintained in depository and investment accounts with East West
Bank (EWB) pursuant to the Loan and Security Agreement (the Loan
Agreement) entered into in December 2015 with Oxford Finance LLC
(Oxford) and EWB as well as $679,000 to secure a letter of credit
for the Omeros Building lease.  As of June 30, 2016, the Company
had $70.0 million in notes payable which contain financial
covenants requiring $70.0 million in OMIDRIA net revenues during
calendar year 2016 and quarterly OMIDRIA net revenues of $25.0
million in 2017 and $30.0 million in 2018, or maintain 50% of the
then-outstanding principal and other obligations under the Loan
Agreement in restricted cash and certain eligible term investments.
If the OMIDRIA net revenue covenant is met for any quarter of 2017
or 2018, any additional cash collateral requirement then in effect
would be removed.  If the Company is unable to meet these financial
covenants for any period, obtain a waiver from the lenders or
otherwise re-negotiate the Loan Agreement, the lenders could
declare all obligations under the Loan Agreement to be due and
payable and pursue all other remedies available to the lenders
under the Loan Agreement.  Omeros expects to continue to incur
losses until such time as OMIDRIA product sales, corporate
partnerships and/or licensing revenues from products or programs
are adequate to support its ongoing operating expenses and debt
service, including maintenance of any restricted cash and
investments, if required.  These conditions raise a substantial
doubt about the Company's ability to continue as a going concern.
If the Company is unable to become cash-flow positive or to raise
additional capital as and when needed, or upon acceptable terms,
such failure would have a significant negative impact on its
financial condition.

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

                       http://bit.ly/2bqYnXp

Omeros Corporation is a biopharmaceutical company engaged in
discovering, developing and commercializing small-molecule and
protein therapeutics for market, as well as orphan indications
targeting inflammation, coagulopathies and disorders of the central
nervous system.  The Company's marketed drug product, Omidria
(phenylephrine and ketorolac injection), is used during cataract
surgery or intraocular lens replacement.  The Company is based in
Seattle.



OPTIMUMBANK HOLDINGS: Incurs $54,000 Net Loss in Second Quarter
---------------------------------------------------------------
Optimumbank Holdings, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $54,000 on $1.20 million of total interest income for the three
months ended June 30, 2016, compared to net earnings of $6,000 on
$1.13 million of total interest income for the three months ended
June 30, 2015.

For the six months ended June 30, 2016, the Company reported a net
loss of $331,000 on $2.37 million of total interest income compared
to a net loss of $176,000 on $2.19 million of total interest income
for the same period during the prior year.

As of June 30, 2016, Optimumbank had $124 million in total assets,
$120 million in total liabilities, and $3.66 million in total
stockholders' equity.

During the second quarter of 2016, the Bank was notified by the
Federal Deposit Insurance Corporation and the State of Florida
Office of Financial Regulation that the Bank had not complied with
certain of the terms of the Consent Order, and that the Bank
continues to exhibit weaknesses in its level of capital, loan
quality, earnings, liquidity and sensitivity to market risks.  The
FDIC and OFR also noted issues related to the management of the
Bank, including issues with capital adequacy, risk management, loan
concentrations, operating deficits, compliance with the Consent
Order, weaknesses in the Bank's customer related due diligence,
insider conflicts of interest and regulatory compliance.  As a
result, the FDIC and the OFR have indicated that they intend to
pursue the implementation of a new consent order to address these
issues.

Management believes that the Bank has made substantial progress in
improving its financial condition through a significant reduction
in non-performing assets and the receipt of capital increases from
investors since the date of the original Consent Order.  The Bank
is also seeking to address the other issues raised by the FDIC and
the OFR, although the Bank has been hampered by difficulties in
raising capital due to the default under the Debenture and the
limits placed on the Company and the Bank under the Consent Order
and the Written Agreement.  Management intends to continue its
efforts to meet all of the conditions of the Consent Order, the
Written Agreement and any amended Consent Order that may become
effective in the future.

                      Going Concern Status

The Company is in default with respect to its $5.16 million Junior
Subordinated Debenture due to its failure to make certain required
interest payments under the Debenture.  The Trustee of the
Debenture or the holders of the Debenture are entitled to
accelerate the payment of the $5,155,000 principal balance plus
accrued and unpaid interest totaling $1.048 million at June 30,
2016. No adjustments to the accompanying consolidated financial
statements have been made as a result of this uncertainty.
Management's plans with regard to this matter are as follows: A
Director of the Company has offered to purchase the Debenture and
this offer has been approved by certain equity owners of the Trust
that holds the Debenture.  The Director has also agreed to enter
into a forbearance agreement with the Company with respect to
payments due under the Debenture upon consummation of the
Director's purchase of the Debenture.  Although the Director
tendered the purchase price for the Debenture in 2014, the Trustee
has received conflicting directions and therefore on Dec. 11, 2014,
the Trustee commenced an Action for Interpleader in the United
States District Court for the Southern District of New York.  On
Aug. 31, 2015, the court held that the Trustee could not sell the
Debenture to the Director because certain conditions and
requirements set forth in the indenture for the Trust had not been
fulfilled.  The Director has continued his efforts to acquire the
Debenture.  To date the Trustee has not accelerated the outstanding
balance of the Debenture.  The Company continues to pursue
mechanisms for paying the accrued interest, such as raising
additional capital.

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

                   About OptimumBank Holdings

OptimumBank Holdings, Inc., headquartered in Fort Lauderdale,
Fla., is a one-bank holding company and owns 100 percent of
OptimumBank, a state (Florida)-chartered commercial bank.

The Company offers a wide array of lending and retail banking
products to individuals and businesses in Broward, Miami-Dade and
Palm Beach Counties through its executive offices and three branch
offices in Broward County, Florida.

Effective April 16, 2010, the Bank consented to the issuance of a
consent order by the Federal Deposit Insurance Corporation and the
Florida Office of Financial Regulation.

OptimumBank reported a net loss of $163,000 on $4.53 million of
total interest income for the year ended Dec. 31, 2015, compared to
net earnings of $1.60 million on $5.39 million of total interest
income for the year ended Dec. 31, 2014.

Hacker, Johnson & Smith PA, in Fort Lauderdale, Florida, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2015, citing that the
Company is in technical default with respect to its Junior
Subordinated Debenture.  The holders of the Debt Securities could
demand immediate payment of the outstanding debt of $5,155,000 and
accrued and unpaid interest, which raises substantial doubt about
the Company's ability to continue as a going concern.


ORBITAL TRACKING: Needs More Capital to Continue as a Going Concern
-------------------------------------------------------------------
Orbital Tracking Corp. filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $1.17 million on $1.19 million of net sales for the three months
ended June 30, 2016, compared to a net loss of $214,873 on $1.19
million of net sales for the same period in 2015.

For the six months ended June 30, 2016, the Company listed a net
loss of $1.11 million on $2.48 million of net sales, compared to a
net loss of $654,601 on $1.97 million of net sales for the same
period in the prior year.

As of June 30, 2016, the Company had $3.40 million in total assets,
$842,076 in total liabilities and a total stockholders' equity of
$2.56 million.

At June 30, 2016, the Company had an accumulated deficit of
approximately $3.1 million. For the six months ended June 30, 2016,
the Company incurred a net loss of approximately $1,173,757 and had
cash flows used in operations in the amount of $705,892. These
factors raise substantial doubt about the Company's ability to
continue as a going concern. The ability of the Company to continue
as a going concern is dependent upon obtaining additional capital
and financing. Management intends to attempt to raise additional
funds by way of a public or private offering. While the Company
believes in the viability of its strategy to raise additional
funds, there can be no assurances to that effect.

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

                      http://bit.ly/2bfJ8nP

Based in Aventura, Fla., Orbital Tracking Corp. is a provider of
satellite-based hardware, airtime, mapping and related services
both in the United States, through its Orbital Satcom subsidiary,
and internationally through its UK based subsidiary, GTCL. The
company sells equipment and airtime for use on all of the major
satellite networks including Globalstar, Inmarsat, Iridium and
Thuraya and operate a short-term rental service for customers who
desire to use its equipment for a limited time period.



OTIS PRODUCTIONS: Files Plan to Exit Chapter 11 Protection
----------------------------------------------------------
Otis Productions, Inc. on August 11 filed with the U.S. Bankruptcy
Court for the Northern District of Georgia its proposed plan to
exit Chapter 11 protection.

The plan proposes to reorganize the company's business and pay its
creditors from the proceeds of the sale of the Egg Farm property
and contributions from its principal James Travis Tritt.

Otis holds a 50% interest in a 42.19-acre tract of land often
referred to as the Egg Farm property located in Hiram, Georgia.
The property has a market value of about $7 million.

The plan classifies general unsecured claims in Class 3 although
the company is not aware of any creditor asserting such claims.  

To the extent Class 3 claims exist, Otis will make two semi-annual
payments, each of which equals 50% of the allowed claim with the
first payment due on the effective date of the plan, and the second
payment due one year after the plan takes effect.

A copy of the disclosure statement explaining the proposed plan is
available at http://bankrupt.com/misc/OtisProductions_DS081116.pdf

Otis is represented by:

     Cameron M. McCord, Esq.
     Leon S. Jones, Esq.
     Jones & Walden, LLC
     21 Eighth Street, NE
     Atlanta, Georgia 30309
     Phone: (404) 564-9300

                     About Otis Productions

Otis Productions, Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N. D. Ga. Case No. 15-42363) on October 1,
2015.  The petition was signed by James Travis Tritt, president.  

The case is assigned to Judge Paul W. Bonapfel.

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


PAUL PHILIP LUNDEN: Plan Confirmation Hearing Set for Oct. 5
------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Arizona will consider
approval of the Chapter 11 plan of reorganization of Paul Philip
and Claudia Anne Lunden at a hearing on October 5.

The court will hold the hearing at 10:00 a.m., at Courtroom 446, 38
S. Scott Avenue, Tucson, Arizona.

The court had earlier issued an order approving the disclosure
statement, allowing the Debtors to start soliciting votes from
creditors.  

The August 11 order required creditors to cast their votes and file
their objections to the plan no later than five business days prior
to the hearing.

The Debtors are represented by:

     Kenneth L. Neeley, Esq.
     Chris J. Dutkiewicz, Esq.
     Neeley Law Firm, PLC
     2250 E. Germann Road, Ste. 11
     Chandler, AZ 85286
     Tel: 480-802-4647
     Fax: 480-907-1648
     Email: ECF@neeleylaw.com

                  About Paul and Claudia Lunden

Paul Philip and Claudia Anne Lunden sought protection under Chapter
11 of the Bankruptcy Code (Bankr. D. Ariz. Case No. 15-15630) on
December 11, 2015.  The case is assigned to Judge Brenda Moody
Whinery.


PAULA LAUER: Hampton, 2 Others Oppose Approval of Plan Outline
--------------------------------------------------------------
A group of claimants asked a U.S. bankruptcy court to deny approval
of the disclosure statement explaining the Chapter 11 plan of Paula
Lauer.

In a filing with the U.S. Bankruptcy Court for the Western
District of Pennsylvania, the County of Allegheny, Hampton Township
and Hampton Township School District criticized the proposed
treatment of their tax claims under the plan.

The plan provides that the tax claims will be paid out of the
proceeds from the sale of the Debtor's real property to the extent
any proceeds remain.  The property is located at 2137 South Villa
Drive, Gibsonia, Pennsylvania.

"The real estate taxes must be paid in full upon the sale or
transfer of the property," the claimants said in the court filing.

The claimants are represented by:

     Jeffrey R. Hunt, Esq.
     Frick Building, 14th Floor
     437 Grant Street
     Pittsburgh, PA 15219
     Tel: (412) 281-0587
     Email: jhunt@grblaw.com

Paula J. Lauer filed for Chapter 11 bankruptcy protection (Bankr.
W.D. Penn. Case No. 15-24745) on Dec. 31, 2015.


PAULA SUE WENSTROM: Unsecured Creditors to Receive Full Payment
---------------------------------------------------------------
Unsecured creditors will receive full payment of their claims under
a Chapter 11 plan of reorganization of Paula Sue Wenstrom, owner of
Cultural Surroundings.

The plan filed on August 11 with the U.S. Bankruptcy Court for the
Northern District of Texas proposes to pay creditors holding
Class 6 general unsecured claims in cash, in full, in two equal
payments.

The first payment will be made on the effective date of the plan
while the second payment will be made 60 days after the plan takes
effect.  

Cultural Surroundings has reportedly enjoyed a significant upturn
in revenue and profits since the bankruptcy filing which will
enable the Debtor to fund her plan, according to the disclosure
statement explaining the plan.

A copy of the disclosure statement is available for free at
http://bankrupt.com/misc/PaulaSue_1DS081116.pdf

The Debtor is represented by:

     Howard Marc Spector, Esq.
     Spector & Johnson, PLLC
     12770 Coit Road, Suite 1100
     Dallas, TX 75251
     Tel: (214) 365-5377
     Fax: (214) 237-3380
     Email: hspector@spectorjohnson.com

                    About Paula Sue Wenstrom

Paula Sue Wenstrom owns and operates Cultural Surroundings, also
known as Putsi Inc., a supplier of library furnishings.  Cultural
Surroundings was established in 1990.   The Debtor sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. N. D.
Texas Case No. 14-35340) on November 3, 2014.


PERFORMANCE SPORTS: Moody's Lowers CFR to Caa2, Outlook Negative
----------------------------------------------------------------
Moody's Investors Service downgraded Performance Sports Group Ltd's
Corporate Family Rating to Caa2 from B3 due to its weak operating
performance combined with its announcement that it will not file
its audited financial statements on time.  The rating outlook
remains negative.

The failure to file the Annual Report on Form 10-K on time is
expected to result in a technical default under the company's
credit facilities.  The company has initiated discussions with its
lenders to address this issue.  The company has until Aug. 29 to
file financial statements with the ABL and term debt holders.  If
PSG is not able to do that, it will go into a 30 day cure period.
During that period, the company will not be able to access the ABL
unless it gets a waiver.  After the 30 day cure period, the company
will be in default.

"The downgrade in the CFR reflects the increased risk of a debt
restructuring in the next year or two given the company's poor
operating performance and the recent uncertainty created by its
failure to file the audited financial statements on time," said
Kevin Cassidy, Senior Credit Officer at Moody's Investors Service.
Debt/EBITDA is high at around 14 times.  "While some improvement is
expected in fiscal 2017, leverage will still be over 10 times,"
noted Cassidy.

The downgrade in the Speculative Grade Liquidity Rating to SGL 4
from SGL 3 reflects Moody's view that the company will sustain a
weak liquidity profile over the next 12-18 months.  Moody's does
not expect the company to have a material amount of availability
under the ABL revolver.

Ratings downgraded:

  Corporate Family Rating to Caa2 from B3;
  Probability of Default Rating to Caa2-PD from B3-PD;
  $330 million (outstanding) Term Loan B rating to Caa3 (LGD 4)
   from Caa1 (LGD 4);
  Speculative Grade Liquidity Rating to SGL-4 from SGL-3.

                         RATINGS RATIONALE

PSG's Caa2 Corporate Family Rating reflects its poor operating
performance and weak credit metrics with debt/EBITDA around 14
times and its failure to file the audited financial statements on
time.  The rating also reflects PSG's modest size with pro forma
revenue around $600 million and narrow product focus in sports
equipment and apparel.  The rating benefits from PSG's strong brand
awareness among action sport enthusiasts and solid geographical
diversification.  PSG has grown significantly over the last few
years through acquisition, but Moody's expect PSG to limit further
acquisitions until its operating performance and financial
reporting processes improve.

The negative outlook reflects the uncertainty about the company's
ability to improve its operating performance and file its audited
financial statements within the 45 day grace period.

There is no upward near-term rating pressure given the late filing
of its audited financial statements.  For an upgrade to be
considered, the company need to file its financial statements and
there needs to be a meaningful improvement in its operating
performance.  Key credit metrics necessary for an upgrade are
sustaining debt/EBITDA around 8 times.

Failure to file its audited financial statements within the 45 day
grace period could lead to a downgrade.  A further deterioration in
liquidity could also lead to a downgrade.

The principal methodology used in these ratings was Consumer
Durables Industry published in September 2014.

Headquartered in Exeter, New Hampshire, Performance Sports Group
Ltd., designs, manufactures and distributes high performance sports
equipment for ice hockey, roller hockey, lacrosse, baseball,
softball and related apparel and accessories.  Pro forma revenue
approximated $600 million for the twelve months ended February
2016.  In January 2016, PSG acquired the Easton Hockey business
from Easton Hockey Holdings, Inc.


PERFORMANCE SPORTS: S&P Lowers CCR to 'CCC', Outlook Negative
-------------------------------------------------------------
S&P Global Ratings lowered its corporate rating on Exeter,
N.H.-based Performance Sports Group Ltd. to 'CCC' from 'CCC+'.  The
outlook is negative.

At the same time, S&P lowered its issue-level ratings on the
company's $450 million term loan due 2021 to 'CCC' from 'CCC+'. The
recovery rating remains '4', indicating S&P's expectation for an
average (30% -50%) recovery in the event of payment default, at the
lower half of the range.

"The downgrade reflects our view that PSG will likely experience a
near-term liquidity shortfall or debt restructuring within the next
12 months," said S&P Global Ratings credit analyst Bea Chem.

As of Feb. 29, 2016, S&P estimates that the company had about
$493.3 million of adjusted debt outstanding.



PRECIOUS CARGO: Unsecured Creditors to Get 1% of Claims
-------------------------------------------------------
Unsecured creditors of Precious Cargo Child Care and Learning
Center, Inc. and Coco's Place, LLC may get 1% of their claims,
according to the companies' latest Chapter 11 plan of
reorganization.

Under the plan, Class 8 unsecured creditors will be paid an
estimated amount of $875, plus 6% interest, of allowed unsecured
claims, divided on a pro-rata basis.  This is an estimated 1% of
unsecured claims.

If funds are available, the companies may pay the amount in full.
Otherwise, at a minimum, they will pay $175, plus 6% interest on an
annual basis for five years.  The first annual payment will begin
within one year of the effective date of the plan, and the four
subsequent payments will be made on the anniversary of the first
payment.  

Any amount not paid under Class 8 will be discharged upon
confirmation of the plan, according to the companies' disclosure
statement explaining the plan.

A copy of the disclosure statement is available for free at
http://bankrupt.com/misc/PreciousCargo_1DS081116.pdf

The U.S. Bankruptcy Court for the Western District of Pennsylvania
will consider approval of the plan at a hearing on September 15.  

The court had earlier issued an order approving the companies'
disclosure statement, allowing them to start soliciting votes from
creditors.  

The August 4 order set a September 12 deadline for creditors to
cast their votes and file their objections to the plan.  The
companies are required to file a ballot summary no later than
September 13.

                 About Precious Cargo Child Care

Precious Cargo Child Care and Learning Center, Inc. filed a Chapter
11 bankruptcy petition (Bankr. W.D. Pa. Case No. 14-22315) on June
4, 2014.  Coco's Place, LLC filed a Chapter 11 bankruptcy petition
on October 14, 2015.

Precious Cargo initiated this Chapter 11 case to reorganize its
debts after becoming financially distressed as a result of
misrepresentations by Mother's Touch that resulted in less revenue
than expected; unpaid payroll taxes; and a judgment lien filed by
the Department of Labor and Industry for unemployment taxes.  

Precious Cargo and Coco's Place are represented by:

     Brian C. Thompson, Esq.
     Thompson Law Group, P.C.
     125 Warrendale-Bayne Road, Suite 200
     Warrendale, PA 15086
     Tel: (724) 799-8404
     Fax: (724) 799-8409
     Email: bthompson@thompsonattorney.com


R.C.D. CLEANING: Unsecured Creditors May Get Up to 98% Under Plan
-----------------------------------------------------------------
General unsecured creditors of R.C.D. Cleaning Service, Inc. may
recover up to 98% of their claims, according to the company's
latest Chapter 11 plan of reorganization and disclosure statement.

Under the proposed plan, general unsecured creditors may get 45% to
98% of their Class 6 claims depending on the revenues and net cash
flow of the reorganized business.

R.C.D. estimates that the general unsecured creditors are owed as
much as $670,122.

The payments will begin 90 days from the effective date of the plan
and will be made on a quarterly basis for five years, according to
the company's disclosure statement filed with the U.S. Bankruptcy
Court for the District of Arizona.

A copy of the disclosure statement is available for free at:
http://bankrupt.com/misc/RCDCleaning_1DS081116.pdf

A court hearing to consider confirmation of the plan is scheduled
for Sept. 20, at 2:00 p.m. (Arizona time).  The hearing will take
place at Courtroom 601, 6th Floor, 203 N. First Avenue, Arizona.

Creditors have until Sept. 12 to cast their votes and file their
objections to the plan.

                 About R.C.D. Cleaning Service

Headquartered in Phoenix, Arizona, R.C.D. Cleaning Service, Inc.
filed for Chapter 11 bankruptcy protection (Bankr. D. Ariz. Case
No. 15-11342) on Sept. 3, 2015, estimating its assets at between
$50,000 and $100,000 and its liabilities at between $1 million and
$10 million.

The petition was signed by Rose Doyle, president.

Andrew A. Harnisch, Esq., at Minkin & Harnisch PLLC, serves as the
Debtor's bankruptcy counsel.


RIVER ROAD: Order for Bletchley to Pay Restructuring Fee Affirmed
-----------------------------------------------------------------
In the case captioned BLETCHLEY HOTEL AT O'HARE FIELD LLC,
Appellant, v. RIVER ROAD HOTEL PARTNERS, LLC and FBR CAPITAL
MARKETS & CO., Appellees, Case No. 15 C 8063 (N.D. Ill.), Judge
Harry D. Leinenweber of the United States District Court for the
Northern District of Illinois, Eastern Division, affirmed the
decision of the United States Bankruptcy Court for the Northern
District of Illinois which ruled in favor of FBR Capital Markets &
Co. and ordered Bletchley Hotel at O'Hare Field LLC to pay a
restructuring fee.

Judge Leinenweber also denied FBR's motion to have Bletchley's
appeal dismissed as frivolous.  The judge found that there was
nothing to suggest that Bletchley appealed in bad faith.

A full-text copy of Judge Leinenweber's August 4, 2016 memorandum
opinion and order is available at https://is.gd/lYGXqb from
Leagle.com.

FBR was previously hired by the debtors, River Road Hotel Partners,
LLC and its affiliates, as their financial advisor to oversee a
planned restructuring.  The parties signed an engagement letter
which set FBR's restructuring fee at 135 basis points of total
indebtedness.  FBR performed services under the contract for 22
months and still had not closed a deal when a third-party,
Amalgamated Bank, proposed its own Chapter 11 restructuring plan
which was approved by the bankruptcy court on July 7, 2011.
Amalgamated's plan created Bletchley, which was responsible for the
payment of expenses.

The bankruptcy court ultimately ordered Bletchley to pay the
restructuring fee which amounted to $2.4 million after Amalgamated
swept in and closed a deal.

Bletchley Hotel at O'Hare Field LLC is represented by:

          Gus Anthony Paloian, Esq.
          James B. Sowka, Esq.
          Michael Ryan Pinkston, Esq.
          SEYFARTH SHAW LLP
          131 South Dearborn Street, Suite 2400
          Chicago, IL 60603-5577
          Tel: (312)460-5000
          Fax: (312)460-7000
          Email: gpaloian@seyfarth.com
                 jsowka@seyfarth.com
                 rpinkston@seyfarth.com

River Road Hotel Partners, LLC is represented by:

          Brian A. Audette, Esq.
          David M. Neff, Esq.
          Eric E. Walker, Esq.
          PERKINS COIE LLP
          131 South Dearborn Street, Suite 1700
          Chicago, IL 60603-5559
          Tel: (312)324-8400
          Fax: (312)324-9400
          Email: baudette@perkinscoie.com
                 dneff@perkinscoie.com
                 ewalker@perkinscoie.com

FBR Capital Markets & Co. is represented by:

          William John Barrett, Esq.
          BARACK FERRAZZANO KIRSCHBAUM & NAGELBERG LLP
          200 West Madison Street, Suite 3900
          Chicago, IL 60606
          Tel: (312)984-3100
          Email: william.barrett@bfkn.com

Patrick S Layng is represented by:

          Stephen G. Wolfe, Esq.
          OFFICE OF THE UNITED STATES TRUSTEE
          219 S. Dearborn Street, Room 873
          Chicago, IL 60604
          Tel: (312)886-5785
          Fax: (312)886-5794
        
              About River Road Hotel Partners

River Road Hotel Partners, LLC, developed and manages the
InterContinental Hotel Chicago O'Hare located in Rosemont,
Illinois.  Affiliate RadLAX Gateway Hotel LLC owns the Radisson
hotel at Los Angeles International Airport.  Both were controlled
owned by Harp Group.

River Road and its affiliates filed Chapter 11 in Chicago (Bankr.
N.D. Ill. Lead Case No. 09-30029) on Aug. 17, 2009.  Based in Oak
Brook, Illinois, River Road estimated assets of as much as
$100 million and debt of as much as $500 million in its Chapter 11
petition.  River Road disclosed $0 in assets and $14,400,000 in
liabilities as of the Chapter 11 filing.

RadLAX and its affiliates filed a separate chapter 11 petition
(Bankr. N.D. Ill. Case No 09-30047) also on the same date,
estimating assets at $50 million to $100 million.

David M. Neff, Esq., at Perkins Coie LLP, serves as counsel to the
River Road and RadLAX debtors.  The two cases, however, are not
jointly administered.

The Official Committee of Unsecured Creditors is represented by
Stephen T. Bobo and Ann E. Pille at Reed Smith LLP.

Adam A. Lewis, Esq., and Norman S. Rosenbaum, Esq., of Morrison
Foerster LLP of San Francisco, California; and John W. Costello,
Esq., and Mary E. Olson, Esq., of Wildman, Harrold, Allen & Dixon
LLP of Chicago, Illinois, represented Amalgamated Bank.  John
Sieger, Esq., and Andrew L. Wool, Esq., of Katten Muchin Rosenman
LLP represented U.S. Bank.

The bankruptcy judge in Chicago on July 7, 2011, signed a
confirmation order for the Chapter 11 plan for River Road.  The
plan, which was proposed by River Road's lender, Amalgamated Bank,
will give ownership in exchange for $162 million in debt.  The
lender waived its deficiency claim on taking title through the
plan.  The plan was declared effective Nov. 23, 2011.

RadLAX's case was dismissed in Sept. 2012.


RONALD W. KRAGNES: Plan Outline Okayed, Plan Hearing on Oct. 20
---------------------------------------------------------------
The U.S. Bankruptcy Court for the Western District of Pennsylvania
will consider confirmation of the Chapter 11 plan of reorganization
of Ronald Kragnes at a hearing on October 20.

The hearing will be held at 10:30 a.m., at Courtroom A, 54th Floor
U.S. Steel Power, 600 Grant Street, Pittsburgh, Pennsylvania.

The bankruptcy court had earlier issued an order approving the
Debtor's disclosure statement, allowing him to start soliciting
votes from creditors.  

The August 11 order set an October 6 deadline for creditors to cast
their votes and file their objections to the plan.  The Debtor is
required to file a ballot summary no later than October 13.

                     About Ronald W. Kragnes

Ronald W. Kragnes commenced a Chapter 11 reorganization proceeding
(Bankr. W.D. Pa. Case No. 15-20647) on Feb. 27, 2015.  The case is
assigned to Judge Gregory L. Taddonio.


ROTARY DRILLING: Hearing Today to Approve Disclosure Statement
--------------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Texas will
convene a hearing on Aug. 18, 2016, on the request of debtors
Rotary Drilling Tools USA, LLC, Tubular Repair, LLC, Rotary
Drilling Holdings IV, LLC, and Pipe Coatings International LLC for
conditional approval of the disclosure statement accompanying the
Debtors' Chapter 11 plan of reorganization.  At the hearing, the
Court will also consider, among others, approval of the a Plan
Solicitation Package and voting procedures.

The Plan proposed to establish a liquidating trust will be
established for the benefit of holders of allowed claims against
the Debtors.  The liquidating trust will be funded with any
remaining net proceeds of the proposed sale of the Debtors assets,
all of the Debtors' remaining assets that are not subject to the
proposed sale, and all of the Debtors rights and causes of action,
including all avoidance actions.

Under the Plan, there will be one or more classes of creditors who
will be impaired and, therefore, eligible to vote on the Plan.
However, it is not anticipated that holders of interests in the
Debtors will receive anything under the Plan.  Accordingly, they
will be deemed to have rejected Plan, and the Debtors will not
solicit their votes.

General Unsecured Claims are grouped in Class 4.  According to the
Plan, the Liquidating Trustee shall distribute Available Cash Pro
Rata to holders of Allowed Claims in Class 4 and/or a Disputed
Claims Reserve, if applicable, on the Distribution Date.  The
Liquidating Trustee will have the right, but not the obligation,
make interim distributions to holders of Allowed Claims in Class 4
from Available Cash on such Interim Distribution Dates as the
Liquidating Trustee determines appropriate.  In the event that any
of Class 4 are paid in full and there exists remaining Available
Cash as to the respective Debtor, holders of Allowed Claims in such
class shall receive interest at a Rate as provided in the Plan.

The Plan also provides that the Debtors will be consolidated for
purposes of voting on the Plan and distributions under the Plan,
but not for any other purpose.  Under this proposed consolidation,
the holder of a claim against any of the four Debtors will be
considered for purposes of computing number and amount of accepting
impaired votes to hold a single claim against all of the Debtors
collectively.

On August 3, 2016, the Court entered a bid procedures order setting
August 19 as the deadline for interested parties to submit
qualified bids.  Vallourec Drilling Products USA, Inc. has tendered
a stalking horse bid for a purchase price of $12 million.  Any
other parties wishing to bid on the Debtors' assets must submit a
bid in an amount exceeding Vallourec's proposed purchase price, as
well as meeting certain other requirements. If the Debtors receive
other qualified bids by the August 19 deadline, they will hold an
auction on August 23, 2016, the winner of which will be entitled to
purchase the Debtors' assets.

On August 24, 2016, the Court will hold a hearing to approving a
sale of the Debtors' assets to either Vallourec, if no higher bid
is submitted, or to the highest bidder at the auction.  This sale
is expected to to close by August 30, 2016. The proceeds of the
sale will be used first to repay PNC's Postpetition Secured Claims,
second to repay PNC's Pre-Petition Secured Claim, and third, to the
extent there are any remaining proceeds, to fund payments under the
Plan.

As of July 5, 2016, the Debtors were indebted to PNC in an amount
of not less than $35,776,284, plus prepetition interest, fees,
expenses, and other amounts.  Payment of the Debtors' obligations
under the PNC credit facility is also guaranteed by the Debtors'
affiliates RDT Intermediate Holdco LLC, RDT Brazil I LLC, and RDT
Brazil II LLC.  The Debtors' obligations to PNC are secured by
first priority liens on, and security interests in, substantially
all assets of the Debtors.

On July 11, 2016, the Debtors obtained interim authority to borrow
on a secured revolving credit facility of up to $3 million provided
by the Debtors' prepetition secured lender, PNC.  The DIP Loan is
secured by a priming lien on substantially all of the Debtors'
assets.

A copy of the Disclosure Statement is available at:

         http://bankrupt.com/misc/txsb16-33433-0078.pdf

                 About Rotary Drilling Tools USA

Rotary Drilling Tools USA, LLC, manufactures and markets oilfield
drilling tubular tools.  Rotary Drilling Tools sought Chapter 11
protection (Bankr. S.D. Tex. Case No. 16-33435) on July 6, 2016.
Judge Jeff Bohm is assigned to the case.  The Debtor estimated
assets and liabilities in the range of $10 million to $50 million.

Brooke B Chadeayne, Esq., and Elizabeth M Guffy, Esq., at Locke
Lord
Bissell & Liddell, LLP, serve as the Debtor's counsel.  The
petition was signed by Bryan M. Gaston, chief restructuring
officer.

The Office of the U.S. Trustee appointed seven creditors to serve
on the official committee of unsecured creditors in the Chapter 11
cases of Rotary Drilling Tools USA, LLC, and its affiliates.  The
Committee is represented by Christopher D. Johnson, Esq., Hugh M.
Ray, III, Esq., and Benjamin W. Hugon, Esq., at McKool Smith P.C.


SABINE OIL & GAS: Order Remanding Shaffers Suit Affirmed
--------------------------------------------------------
Judge Susie Morgan of the United States District Court for the
Eastern District of Louisiana affirmed the bankruptcy court's
October 14, 2015 order in the case captioned UNION OIL COMPANY OF
CALIFORNIA, ET AL. v. MARGARET MINOR SHAFFER, Section: "E" (1). ET
AL., Civil Action No. 15-5475 (E.D. La.).

Union Oil Company of California (UNOCAL); Chevron U.S.A., Inc.; and
Chevron MidContinent, L.P. appealed the United States Bankruptcy
Court for the Eastern District of Louisiana's October 14, 2015
Order (1) granting in part a motion to remand filed by Margaret
Minor Shaffer and Milhado Lee Shaffer, and (2) denying a motion to
transfer filed by the appellants.

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

On August 14, 2012, the Shaffers filed suit in the 32nd Judicial
District Court for the Parish of Terrebonne, State of Louisiana,
against (1) Chevron U.S.A., Inc., (2) Chevron Environmental
Management Co., (3) Chevron MidContinent, (4) UNOCAL, and (5)
Sabine Oil & Gas Corporation, among others.  The Shaffers sought
recovery for damage to their property from "oil and gas
exploration, including the operation of waste pits, wells,
gathering/commingling facilities; and the operation of a gas plant
on a property adjacent to [their] property."  On June 22, 2015,
UNOCAL obtained leave of court to pursue an indemnity cross-claim
against Sabine.  UNOCAL's cross-claim sought damages from Sabine
pursuant to a contractual indemnity agreement between the two
parties.  Days after UNOCAL filed its cross-claim against Sabine,
the Shaffers dismissed their claims against Sabine.

On July 15, 2015, Sabine filed a voluntary petition for relief
under Chapter 11 of the United States Bankruptcy Code.

On August 6, 2015, UNOCAL and the Chevron entities removed the case
to the Eastern District of Louisiana, citing Sabine's bankruptcy as
the basis for federal subject-matter jurisdiction.  On August 19,
2015, the district court referred the case to the United States
Bankruptcy Court for the Eastern District of Louisiana.

The defendants UNOCAL, Chevron U.S.A., and Chevron Midcontinent
thereafter moved to transfer the case to the Southern District of
New York, where Sabine's bankruptcy proceedings remain pending.

The Shaffers, on the other hand, moved to remand the entire case to
the 32nd Judicial District Court, arguing that the bankruptcy court
lacks jurisdiction over the main demand -- i.e., the dispute
between the Schaffers and the defendants, without respect to
UNOCAL's cross-claim against Sabine -- because the main demand is
not "related to" the administration of Sabine's bankruptcy.  The
bankruptcy court denied the motion to transfer, and granted in part
the motion to remand.

Union Oil Company of California, Chevron U.S.A. Inc., Chevron
MidContinent, L.P. are represented by:

          Michael Raudon Phillips, Esq.
          Brittany Buckley Salup, Esq.
          Lauren Cullum Barrera, Esq.
          KEAN MILLER
          909 Poydras St #3600
          New Orleans, LA 70112
          Tel: (504)585-3050
          Fax: (504)585-3051
          Email: mike.phillips@keanmiller.com
                 brittany.salup@keanmiller.com
                 lauren.barrera@keanmiller.com

            -- and --
                 
          John C. Funderburk, Esq.
          Louis Victor Gregoire, Jr., Esq.
          KEAN MILLER
          400 Convention St #700
          Baton Rouge, LA 70802
          Tel: (225)387-0999
          Fax: (225)388-9133
          Email: john.funderburk@keanmiller.com
                 victor.gregoire@keanmiller.com

            -- and --

          Andrew M. Stakelum, Esq.
          KING & SPALDING, LLP
          1100 Louisiana, Suite 4000
          Houston, TX 77002
          Email: astakelum@kslaw.com

Margaret Minor Shaffer, Milhado Lee Shaffer, Jr. are represented
by:

          Donald T. Carmouche, Esq.
          Brian T. Carmouche, Esq.
          Caroline Hidalgo Martin, Esq.
          Diane Adele Owen, Esq.
          John Hogarth Carmouche, Esq.
          Leah G. Cotten, Esq.
          Ross Joseph Donnes, Esq.
          Todd J. Wimberley, Esq.
          Victor Lynn Marcello, Esq.
          William Robert Coenen, III, Esq.
          TALBOT, CARMOUCHE & MARCELLO
          17405 Perkins Road
          Baton Rouge, LA 70810-3824
          Tel: (225)400-9991
          Fax: (225)448-2568

            -- and --

          Barbara B. Parsons, Esq.
          William Edward Steffes, Esq.
          STEFFES, VINGIELLO & MCKENZIE, LLC
          13702 Coursey Blvd, Bldg 3
          Baton Rouge, LA 70817
          Tel: (225)751-1751
          Fax: (225)751-1998
          Email: bparsons@steffeslaw.com
                 bsteffes@steffeslaw.com

Catherine Allen is represented by:

          Donald T. Carmouche, Esq.
          Brian T. Carmouche, Esq.
          Caroline Hidalgo Martin, Esq.
          TALBOT, CARMOUCHE & MARCELLO
          17405 Perkins Road
          Baton Rouge, LA 70810-3824
          Tel: (225)400-9991
          Fax: (225)448-2568

            -- and --

          Barbara B. Parsons, Esq.
          STEFFES, VINGIELLO & MCKENZIE, LLC
          13702 Coursey Blvd, Bldg 3
          Baton Rouge, LA 70817
          Tel: (225)751-1751
          Fax: (225)751-1998
          Email: bparsons@steffeslaw.com

Catherine Allen is represented by:

          Diane Adele Owen, Esq.
          TALBOT, CARMOUCHE & MARCELLO
          17405 Perkins Road
          Baton Rouge, LA 70810-3824
          Tel: (225)400-9991
          Fax: (225)448-2568

Catherine Allen is represented by:

          John Hogarth Carmouche, Esq.
          Leah G. Cotten, Esq.
          Ross Joseph Donnes, Esq.
          Todd J. Wimberley, Esq.
          Victor Lynn Marcello, Esq.
          William Robert Coenen, III, Esq.
          TALBOT, CARMOUCHE & MARCELLO
          17405 Perkins Road
          Baton Rouge, LA 70810-3824
          Tel: (225)400-9991
          Fax: (225)448-2568

            -- and --

          William Edward Steffes, Esq.
          STEFFES, VINGIELLO & MCKENZIE, LLC
          13702 Coursey Blvd, Bldg 3
          Baton Rouge, LA 70817
          Tel: (225)751-1751
          Fax: (225)751-1998
          Email: bsteffes@steffeslaw.com

Sabine Oil & Gas Corporation is represented by:

          George H. Robinson, Jr., Esq.
          LISKOW & LEWIS
          822 Harding Street
          Lafayette, LA 70505-2008
          Tel: (337)232-7424
          Fax: (337)267-2399
          Email: ghrobinson@liskow.com

            -- and --

          Philip Kirkpatrick Jones, Jr., Esq.
          LISKOW & LEWIS
          701 Poydras Street, Suite 5000
          New Orleans, LA 70139-5099
          Tel: (504)581-7979
          Fax: (504)556-4108
          Email: pkjones@liskow.com

               About Sabine Oil & Gas Corporation

Sabine Oil & Gas Corp. is an independent energy company engaged in
the acquisition, production, exploration, and development of
onshore oil and natural gas properties in the U.S.  The Company's
current operations are principally located in the Cotton Valley
Sand and Haynesville Shale in East Texas, the Eagle Ford Shale in
South Texas, the Granite Wash in the Texas Panhandle, and the
North Louisiana Haynesville.  The Company operates, or has joint
working interests in, approximately 2,100 oil and gas production
sites (approximately 1,800 operating and approximately 315
non-operating) and has approximately 165 full-time employees.

Sabine Oil and its affiliated entities sought Chapter 11 Protection
(Bankr. S.D.N.Y. Lead Case No. 15-11835) in Manhattan on July 15,
2015.

The Debtors have engaged Kirkland & Ellis LLP and Kirkland & Ellis
International LLP, as counsel; Lazard Freres & Co. LLC, as
investment banker and Prime Clerk LLC as notice, claims and
balloting agent.  The Debtors also tapped Zolfo Cooper Management,
LLC, to provide Jonathan A. Mitchell as CRO and other additional
personnel.

The U.S. Trustee for Region 2 appointed five creditors to serve on
the official committee of unsecured creditors.  The Committee is
represented by Mark R. Somerstein, Esq., Keith H. Wofford, Esq.,
and D. Ross Martin, Esq., at Ropes & Gray LLP as their counsel.
The Committee has also engaged Blackstone Advisory Partners L.P. as
investment banker; and Berkeley Research Group, LLC as financial
advisor.


SANDISK CORP: S&P Affirms 'BB+' CCR, Off CreditWatch Negative
-------------------------------------------------------------
S&P Global Ratings said that it affirmed all of its ratings,
including the 'BB+' corporate credit rating, on SanDisk Corp. and
removed them from CreditWatch, where S&P had placed them with
negative implications on Oct. 21, 2015 upon the announcement of the
company's acquisition by Western Digital Corp.  The outlook is
stable.

S&P subsequently withdrew the corporate credit rating on SanDisk.
S&P will continue to maintain issue-level ratings on SanDisk's
remaining convertible notes.  The recovery ratings remain '3',
indicating S&P's expectation of meaningful recovery (50%-70%; upper
half of the range) in the event of a payment default.

These actions follow the closing of the merger between Western
Digital and SanDisk.  The surviving entity is Western Digital Corp.
"As a result, we expect to maintain ratings on the modest
remaining stub principal of the legacy SanDisk senior convertible
notes totaling about $37 million," said S&P Global Ratings' credit
analyst Jenny Chang.  "We do not expect these legacy notes to
benefit from parental guarantees, but we expect good residual value
available to the senior noteholders given its position in the
capital structure."  However, recovery value of unsecured debt
issues by companies rated 'BB-' or higher are generally capped at
'3' to account for the greater risk of recovery prospects being
impaired due to incremental debt issuance prior to default.


SHIROKIA MEZZ I: Voluntary Chapter 11 Case Summary
--------------------------------------------------
Debtor: Shirokia Mezz I LLC
        142-30 38th Avenue
        Flushing, NY 11351

Case No.: 16-43666

Chapter 11 Petition Date: August 16, 2016

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

Judge: Hon. Nancy Hershey Lord

Debtor's Counsel: Jonathan S Pasternak, Esq.
                  DELBELLO DONELLAN WEINGARTERN
                  WISE & WIEDERKEHR, LLP
                  One North Lexington Avenu
                  White Plains, NY 10601
                  Tel: (914) 681-0200
                  Fax: (914) 684-0288
                  E-mail: jpasternak@ddw-law.com

Estimated Assets: $10 million to $50 million

Estimated Debts: $1 million to $10 million

The petition was signed by Hong Qin "a/k/a Sandy" Jiang, authorized
member.

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


SIGA TECHNOLOGIES: Capital Deficiency Raises Going Concern Doubt
----------------------------------------------------------------
SIGA Technologies, Inc. filed with the Securities and Exchange
Commission its Form 10-Q report for the quarterly period ended June
30, 2016.

SIGA posted $9.56 million net and comprehensive loss on $1.90
million of revenues for the three months ended June 30, 2016, as
compared to a net and comprehensive loss of $6.57 million on $1.47
million of revenues reported for the same period a year ago.

For the six months ended June 30, 2016, the Company listed a net
and comprehensive loss of $20.01 million on $3.17 million of
revenues, compared to a net and comprehensive loss of $13.73
million on $2.66 million of revenues for the same period in the
prior year.

SIGA had total assets of $201.67 million, total liabilities of
$505.74 million and stockholders' deficit of $304.07 million at
June 30, 2016.

As of June 30, 2016, the accrued obligation under the Delaware
Court of Chancery Final Order and Judgment, including post-judgment
and Plan-specified interest, is estimated to be approximately $204
million. In addition, as of June 30, 2016, the Company has a net
capital deficiency of $304 million. These factors raise substantial
doubt about the Company's ability to continue as a going concern.
As such, the realization of assets and the satisfaction of
liabilities are subject to uncertainties.

A copy of the Company's Form 10-Q report is available at

                      http://bit.ly/2aYmZFR

                     About SIGA Technologies

Publicly held SIGA Technologies, Inc., with headquarters in Madison
Avenue, New York, is a biotech/pharmaceutical company that
specializes in the development and commercialization of solutions
for serious unmet medical needs and biothreats.  SIGA's lead
product is Tecovirimat, also known as ST-246, an orally
administered antiviral drug that targets orthopoxviruses.

SIGA sought Chapter 11 bankruptcy protection (Bankr. S.D.N.Y. Case
No. 14-12623) on Sept. 16, 2014, in Manhattan.  The case is
assigned to Judge Sean H. Lane.

The Debtor has tapped Weil, Gotshal & Manges LLP, as counsel, and
Prime Clerk LLC as claims agent.

The Debtor's Chapter 11 plan and disclosure statement are due May
14, 2015.

The Debtor disclosed total assets of $131,669,746 and $7,954,645 in
liabilities as of the Chapter 11 filing.

The Statutory Creditors' Committee is represented by Martin J.
Bienenstock, Esq., Scott K. Rutsky, Esq., and Ehud Barak, Esq., at
Proskauer Rose LLP.  The Committee tapped to retain Guggenheim
Securities, LLC, as its financial advisor and investment banker.


SOURCEHOV LLC: S&P Lowers CCR to 'CCC+' on Liquidity Issues
-----------------------------------------------------------
S&P Global Ratings said that it lowered its corporate credit rating
on Irving, Texas-based SourceHOV LLC to 'CCC+' from 'B-'. The
outlook is negative.

Concurrently, S&P lowered its issue-level rating on the company's
$780 million first-lien senior secured term loan and $75 million
revolving credit facility due 2019 to 'CCC+' from 'B-'.  The
recovery rating on these facilities is unchanged at '3', indicating
S&P's expectation for meaningful (50% to 70%; upper half of the
range) recovery in the event of a payment default.

In addition, S&P lowered its issue-level rating on the company's
$250 million second-lien term loan due 2020 to 'CCC-' from 'CCC'.
The recovery rating is unchanged at '6', indicating S&P's
expectation for negligible (0% to 10%) recovery in the event of
payment default.

"The rating action reflects SourceHOV's weaker-than-expected
operating performance in 2016, which has resulted in continued weak
liquidity and under 1% covenant cushion at the end of the second
quarter 2016," said S&P Global Ratings credit analyst Minesh
Shilotri.

With upcoming maximum leverage stepdowns at the end of the year and
again at the end of the second quarter 2017, S&P believes there is
a possibility of a covenant default over the next 12 months.  On
the other hand, SourceHOV is exploring strategic options for
certain business units (with project based revenue) that are not
aligned with its long term strategy of growing the recurring
transaction processing business.  The company has stated that these
proposed divestitures will be de-leveraging for the company and
strengthen its liquidity profile.  Additionally, it will also help
management focus its efforts to grow its core transaction
processing business.  Also, the company is working towards closing
the Transcentra acquisition, which has the potential to increase
the company's EBITDA base and therefore improve its covenant
cushion.  In S&P's view, the risk of covenant default will be
reduced if the company executes on these two transactions.
However, at this point, the transaction details and the timeline
for both these events are unknown.

For the first half of 2016, revenues came in below S&P's
expectations in all three divisions (Financial Transaction
Solutions, Healthcare, and Legal Claims) that the company operates
in.  With total liquidity of around $12 million at the end of the
second quarter and quarterly amortization of $9.75 million on the
first-lien term loan, S&P believes the company has little room for
performance missteps.  SourceHOV also faces steep covenant leverage
stepdowns, with maximum leverage dropping from its current level of
5.375x to 4.75x at the end of 2016 and to 4.25x by the end of
second quarter 2017.  On the other hand, the company has
aggressively reduced its operating expenses, while it deploys
further automation to drive productivity improvement.  These
actions will help the company improve its margins.  S&P projects
SourceHOV to generate free cash flow of greater than $50 million in
2016, which should help with the mandatory amortization payments.

The negative outlook reflects SourceHOV's underperformance relative
to S&P's base-case assumptions, and an increased risk of covenant
breach over the next 12 months, given existing tight covenant
cushion, upcoming maximum leverage stepdowns, and
less-than-adequate liquidity.

S&P could lower the rating if the company continues to underperform
S&P's base-case assumptions, and is unable to immediately benefit
from the Transcentra investment, such that S&P believes the
covenant breach is likely over the next 12 months.

S&P could revise the outlook to stable if the company can maintain
its debt service obligations, while improving covenant cushion
percentage to the high single digits.  S&P views that the company
could achieve this cushion by closing on the Transcentra
acquisition or through the proposed asset sale.


SPANISH BROADCASTING: Files Form 10-Q, Raises Going-Concern Doubt
-----------------------------------------------------------------
Spanish Broadcasting System, Inc., filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net loss of $3.77 million on $35.3 million of net revenue for the
three months ended June 30, 2016, compared to a net loss of $3.58
million on $38.10 million of net revenue for the same period last
year.

For the six months ended June 30, 2016, the Company reported a net
loss of $15.1 million on $66.9 million of net revenues compared to
a net loss of $12.2 million on $70.2 million of net revenue for the
six months ended June 30, 2015.

As of June 30, 2016, Spanish Broadcasting had $443 million in total
assets, $556 million in total liabilities and a total stockholders'
deficit of $113 million.

"We further advanced our multi-platform strategy during the second
quarter including building our total audience share," commented
Raul Alarcon, Chairman and CEO.  "Our digital and mobile offerings
continue to expand their user base while our radio stations remain
well positioned across the nation's top markets.  Moving forward,
our focus remains centered on leveraging our industry leading
content and continuing to connect advertisers with highly engaged
Latino audiences on air, online, and via mobile."

The Company stated that, "The inability of the Company to repay,
refinance and/or restructure its short term obligations could
result in significant liquidity requirements on the company.  As
there can be no assurance that we will be able to successfully
implement our strategy, this condition raises substantial doubt
about the Company's ability to continue as a going-concern.  The
financial statements do not include adjustments, if any, that might
arise from the outcome of this uncertainty."  

The Company's quarterly report on Form 10-Q is available from the
SEC website at https://is.gd/9z7g9N

                   About Spanish Broadcasting

Headquartered in Coconut Grove, Florida, Spanish Broadcasting
System, Inc. -- http://www.spanishbroadcasting.com/-- owns and
operates 21 radio stations targeting the Hispanic audience.  The
Company also owns and operates Mega TV, a television operation
with over-the-air, cable and satellite distribution and affiliates
throughout the U.S. and Puerto Rico.  Its revenue for the twelve
months ended Sept. 30, 2010, was approximately $140 million.

                          *     *     *

In November 2010, Moody's Investors Service upgraded the corporate
family and probability of default ratings for Spanish Broadcasting
System, Inc., to 'Caa1' from 'Caa3' based on improved free cash
flow prospects due to better than anticipated cost cutting and the
expiration of an unprofitable interest rate swap agreement.
Moody's said Spanish Broadcasting's 'Caa1' corporate family rating
incorporates its weak capital structure, operational pressure in
the still cyclically weak economic climate, generally narrow
growth prospects (though Spanish language is the strongest growth
prospect) given the maturity and competitive pressures in the
radio industry, and the June 2012 maturity of its term loan
magnify this challenge.

As reported by the TCR on May 25, 2016, S&P Global Ratings said
that it lowered its corporate credit rating on U.S.
Spanish-language broadcaster Spanish Broadcasting System Inc.
(SBS) to 'CCC' from 'CCC+'.


STAMPEDE FOREST: Court Approves Chapter 11 Plan
-----------------------------------------------
In the bankruptcy case In re: STAMPEDE FOREST PRODUCTS, INC.,
Chapter 11, Debtor, No. 15-04150-FPC, Judge Frederick P. Corbit of
the United States Bankruptcy Court for the Eastern District of
Washington makes these findings of fact upon the issues raised by
Debtor's request for confirmation of the Debtor's Plan of
Reorganization dated on June 6, 2016:

     1. The Debtor's Plan was submitted to Creditors and other
parties in interest;

     2. The Plan has been accepted in writing by the creditors and
equity security holders whose acceptance is required by law;

     3. The provisions of Chapter 11 of the United States Code have
been complied with and the Plan has been proposed in good faith and
not by any means forbidden by law;

     4. (a) Each holder of a claim or interest has accepted the
Plan or will receive or retain under the Plan property of a value,
as of the effective date of the Plan, that is not less than the
amount that such holder would receive or retain if the Debtor was
liquidated under Chapter 7 of the Code on such date, or (b) the
Plan does not discriminate unfairly, and is fair and equitable with
respect to each class of claims or interests that is impaired
under, and has not accepted the Plan;

     5. All payments made or promised by the Debtor or by a person
issuing securities or acquiring property under the Plan or by any
other person for services or for costs and expenses in, or in
connection with, the Plan and incident to the case, have been fully
disclosed to the Court and are reasonable and are hereby approved,
or, if to be fixed after confirmation of the Plan, will be subject
to approval of the Court;

     6. Confirmation of the Plan is not likely to be followed by
the liquidation, or the need for further financial reorganization
of the Debtor, or (b) if the Plan is a plan of liquidation, the
Plan sets a time period in which liquidation will be accomplished,
and provides for the eventuality that the liquidation is not
accomplished in that time period;

     7. Pursuant to the Plan, the following acts or events
constitute substantial consummation of the Plan: sixty (60) days
following Confirmation, provided that Debtor has paid all
installments provided by this Plan to be paid within that time;

     8. Creditors were given Notice of Confirmation and no
objections thereto were made;

     9. It is proper that the Plan be confirmed; and

   10. Any and all claims, avoidance actions, and causes of action
of the Debtor and the Estate, including, but not limited to, the
avoidance of any lien claims against Class 3 (Omak Wood Products,
LLC), the avoidable preference claims against Class 3, and any
contribution claims against Class 6 (Mid-Willamette Lumber
Products, Inc.), are preserved and retained by the Debtor and the
estate, and are not waived.

As reported by the Troubled Company Reporter on June 15, 2016,
the Debtor's Plan is a partial liquidation Plan, providing for the
liquidation of a portion of the property of Debtor.  It also gives
the Debtor the option to sell its business in the future.

The Debtor's Plan is essentially premised upon its ability to
operate its business profitably. Thereafter, it proposes to pay
all
allowable claims in full with interest, except the general
unsecured claims. Holders of general unsecured claims will be paid
an amount in monthly installments until the Allowed Claims are
paid
a 30% dividend.  That will be the total paid said claims as
periodic payment.

Under any scenario, general unsecured creditors should receive a
dividend.  If the Debtor decides to sell its business and is able
to create and sell its business as an ongoing profitable
enterprise, all creditors could be paid in full with interest,
including general unsecured creditors; of course, this would
depend
on the sales price.

Parties in interest who wish to object to the final approval of
the
Disclosure Statement or the confirmation of the Plan must file
with
the Clerk of the Bankruptcy Court on or before July 15, 2016, a
written objection to final approval of the Disclosure Statement or
confirmation and request for hearing and serve a copy on the
undersigned attorney for the Debtor.

A full-text copy of the Disclosure Statement dated June 6, 2016,
is
available at http://bankrupt.com/misc/waeb15-04150-98.pdf

A full-text copy of the Findings of Fact dated August 2, 2016 is
available at https://is.gd/E0t3E0 from Leagle.com

Stampede Forest Products, Inc., Debtor, is represented by Kevin
ORourke, Esq. -- Southwell and O'Rourke.

US Trustee, U.S. Trustee, is represented by James D. Perkins, US
Department of Justice/US Trustee Office.

Stampede Forest Products, Inc., filed for Chapter 11 bankruptcy
protection (Bankr. E.D. Wash. Case No. 15-04150) on Dec. 22, 2015.

Stampede Forest Products, Inc., is an Omak, Washington-based
forest
products company.

Kevin O'Rourke, Esq., at Southwell And O'Rourke serves as the
Company's bankruptcy counsel.

The Company says in its bankruptcy filing that it has almost
$178,000 in assets, primarily in the form of inventory and
accounts
receivable, and owes more than $720,000 in debt to less than 50
creditors.



STEVEN POOLE: $153K Earmarked for Unsecured Creditors
-----------------------------------------------------
Steven D. Poole and Baudelia Rodriguez Gonzalez filed with the
Arizona Bankruptcy Court their Disclosure Statement Dated Aug. 8,
2016, to assist creditors in making an informed decision in voting
on the Debtors' Plan of Reorganization Dated Aug. 8, 2016.

Under the Plan, holders of Allowed Unsecured Claims in Class IV
will be paid the sum of $152,702 over five years.  The Debtors will
make the payments to the holders of Allowed Class IV Claims on the
first Business Day that occurs 11 months after the Effective Date
and every year thereafter for four years based upon each Class IV
Claims' po rata share of potential unsecured claims.  No interest
will accrue or be paid to the holders of the Allowed Class IV
Claims.  If a Class IV Claim is not an allowed claim, prior to 30
days after the Effective Date, the Class IV Claim shall receive
payment on the one-year payment date that falls after their Class
IV Claim becomes an allowed claim.  Class IV Claims are impaired.

The Plan will be funded by the Debtors' disposable monthly income
and through liquidating certain non-exempt assets.  The total
non-exempt value of the Debtors' assets is $152,230.

A copy of the Disclosure Statement is available at:

          http://bankrupt.com/misc/azb16-03743-0042.pdf

Steven D. Poole and Baudelia Rodriguez Gonzalez filed a Chapter 11
petition (Bankr. D. Ariz. Case No. 16-03743) on April 8, 2016.
They are are entrepreneurs and owners of multiple businesses,
including the grocer chain called RoadRunner Grocers, Inc.; an
entertainment venue called the Main Event; and a tool store called
the Wholesale Depot.  RoadRunner is currently in its own Chapter 11
bankruptcy (15-13816).  The Main Event and Wholesale Depot are dbas
of SDP Holdings, LLC, an entity owned by the Debtors.  However, the
Debtors' primary source of income is through social security
income, rental income, and Debtor Baudelia Gonzalez's wages.  The
Debtors also own multiple properties in Quartzsite and one rental
property in Blythe, California.

They are represented in the case by:

         Thomas H. Allen, Esq.
         Philip J. Giles, Esq.
         ALLEN BARNES & JONES, PLC
         1850 N. Central, Suite 1150
         Phoenix, AZ 85004
         Tel: (602) 256-6000
         Fax: (602) 252-4712
         E-mail: tallen@allenbarneslaw.com
                 pgiles@allenbarneslaw.com


SUNSET MANAGEMENT: U.S. Trustee Unable to Appoint Committee
-----------------------------------------------------------
The Office of the U.S. Trustee disclosed in a court filing that no
official committee of unsecured creditors has been appointed in the
Chapter 11 case of Sunset Management Group LLC.

Sunset Management Group LLC sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. D. Ariz. Case No. 16-08161) on July 18,
2016.  The Debtor is represented by Jonathan P. Ibsen, Esq., at
Canterbury Law Group, LLP.


TAG FINANCIAL: Wants to Use Accord Financial Cash Collateral
------------------------------------------------------------
TAG Financial Services, Inc., asks the U.S. Bankruptcy Court for
the Northern District of Georgia for authorization to use cash
collateral.

The Debtor is indebted to Accord Financial, Inc., which claims a
first position lien against all of the Debtor's accounts receivable
and cash.

Accord Financial sued the Debtor in the Circuit Court of Greenville
County, South Carolina, seeking injunctive relief including the
appointment of a receiver to take control of the Debtor's
operations and seize the cash collateral.

The Debtor relates that it consented to the appointment of Mr.
Jules Zell as Receiver.  The Debtor contends that Mr. Zell did not
provide it with substantive information on an ongoing basis and
that he rejected the Debtor's efforts to provide information and
collaboration on the best ways to collect receivables.  The Debtor
further contends that Mr. Zell had taken actions that were
detrimental to the Debtor's operations, such as reducing the number
of collectors employed by the Debtor, among others.

The Debtor tells the Court that it needs to use cash collateral,
otherwise, it will be unable to pay:

     (a) loan collectors whose job it is to collect the cash
collateral from account debtors on an ongoing and timely basis;

     (b) other employees who keep numerous operations going,
including interaction with a range of outside vendors, service
providers, and others;

     (c) utilities, including water, electricity, gas and
telephone;

     (d) rent;

     (e) insurance premiums as the premiums come due; and

     (f) similar expenses of operations that protect and maximize
realization of the cash collateral.

The Debtor's proposed Budget covers a period of six months,
beginning on August 2016 and ending on January 2017.  The Budget
provides for total expenses in the amount of $103,114 for August
2016; $103,044 for September 2016; $107,852 for October 2016;
$102,913 for November 2016; $102,853 for December 2016; and
$107,671 for January 2017.

The Debtor proposes to provide Accord Financial with a replacement
lien to the same extent and with the same priority as its
prepetition lien.

The Debtor relates that as of July 4, 2016, the amount owing to
Accord Financial was approximately $4.17 million.  It further
relates that its cash collateral far exceeds that amount.  The
Debtor  contends that as of Aug. 5, 2016, the Debtor had
approximately $6.31 million in principal balance of vehicle loans
that it owned, in addition to the income stream off the vehicles
loans that it owns.  The Debtor further contends that the value of
the cash collateral exceeds the amount of debt claimed by Accord
Financial and that such equity cushion constitutes adequate
protection to Accord Financial.

The Debtor tells the Court that it is willing to make monthly cash
payments to Accord Financial, as may be required by the Court.

A full-text copy of the Debtor's Motion, dated Aug. 10, 2016, is
available at https://is.gd/2bAzis

Accord Financial can be reached at:

          ACCORD FINANCIAL, INC.
          25 Woods Lake Road, Suite 102
          Greenville, SC 29607
          Attn: Matthew Panosian

                  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 at $6.3 million and total debts at
$6.67 million.


TALLGRASS ENERGY: Moody's Assigns Ba2 CFR; Outlook Stable
---------------------------------------------------------
Moody's Investors Service assigned first time ratings to Tallgrass
Energy Partners, LP (TEP), including a Ba2 Corporate Family Rating
(CFR), a Ba2-PD Probability of Default Rating (PDR), and a B1
senior unsecured notes rating.  The outlook is stable.

"TEP's ratings mainly reflect the stability of its cashflows from
its long-term firm transportation contracts at Rockies Express
Pipeline (REX) and Pony Express Pipeline (PONY), supported by its
moderate leverage.  However, the reliance on primarily E&P
customers who are exposed to commodity price risk and the
uncertainty around post-2019 cashflows constrain TEP's ratings,"
commented Sreedhar Kona, Moody's Senior Analyst.  "The stable
outlook reflects Moody's expectation of TEP's ability to generate
steady cashflows at least through 2019."

Assigned:

Issuer: Tallgrass Energy Partners, LP

  Corporate Family Rating, assigned Ba2

  Probability of Default Rating, assigned Ba2-PD

  $400 million Senior Unsecured Notes, assigned B1 (LGD6)

  Speculative Grade Liquidity (SGL) Rating, assigned SGL-3

  Outlook, assigned stable

                          RATINGS RATIONALE

TEP's Ba2 CFR reflects its predominantly interstate pipeline asset
base with cashflows from long-term firm transportation contracts,
earnings diversification and moderate leverage.  PONY positions
itself as a competitive crude oil transportation option with access
to Bakken Shale, DJ Basin and Powder River Basin production and
also access to downstream refineries and the oil storage hub at
Cushing, OK.  TEP's current ownership in REX and potential drop
downs in the future add to the stability of cashflows given REX's
contractual cash flows and access to natural gas supply basins in
the Rockies and Appalachian regions.  TEP's ratings are constrained
by the reliance of PONY and REX on primarily "supply-push" E&P
customers, the uncertainty around cash flows post 2019 when a
significant number of the transportation contracts expire and the
structural risks inherent to an MLP entity.  TEP's debt/EBITDA
(inclusive of REX's pro-rata share and Moody's standard
adjustments) ranges from mid to high 4x from 2016-2019. This ratio
would be well above 5x in 2020 due to a significant reduction in
REX's cash flows and increase further to above 6x post-2020 due to
the expiration of PONY's contracts.

The $400 million senior unsecured notes are rated B1 in accordance
with Moody's Loss Given Default Methodology, two notches below the
Ba2 CFR, reflecting the effective subordination to the
$1.75 billion senior secured revolving credit facility (unrated)
and its large size in comparison to the unsecured notes.

Moody's expects TEP will maintain an adequate liquidity profile
through 2017.  The company has a $1.75 billion senior secured
revolving credit facility that matures in May 2018.  During May
2016, the company increased the size of its revolving credit
facility to $1.75 billion from $1.5 billion.  As of July 29, 2016,
TEP had approximately $1.4 billion in outstanding borrowings under
the revolving credit facility.  Moody's expects that the company
will continue to rely significantly on its revolver as a source of
funding while maintaining minimal cash balances.  Moody's also
expects that the proceeds from the notes issuance will largely be
used to reduce the revolver balance.  The revolving credit facility
contains two financial covenants including a maximum
debt / EBITDA of 4.75x and a minimum EBITDA / interest of 2.5x.
The leverage covenant nets up to $7.5 million of cash and has a
higher threshold of 5.25x during a quarter in which an acquisition
for greater than $50 million is made, and also for the subsequent
quarter.  Given the acquisition of a stake in REX in May 2016, the
applicable leverage threshold is currently 5.25x through September
2016.  Moody's expects the company will remain in compliance with
these covenants through 2017.  The MLP structure carries the
expectation that cash in excess of that required to operate the
business is distributed to owners which results in reliance on
access to the capital markets or equity infusions from the owners.

The stable outlook reflects Moody's expectation that TEP will
continue to generate steady cashflows supportive of its current
rating.

Ratings could be downgraded if TEP's debt to EBITDA ratio is
expected to rise above 5x and remain at that level on a sustained
basis or if there is significant deterioration in customer credit
quality.

Ratings could be considered for an upgrade if TEP can mitigate the
post-2019 cashflow risk by re-contracting a significant portion of
post-2019 capacity at REX and PONY while maintaining the debt to
EBITDA ratio below 4.5x.

The principal methodology used in these ratings was Global
Midstream Energy published in December 2010.

TEP is a publicly traded master limited partnership providing crude
oil transportation, natural gas transportation and storage,
processing and water business services for customers in the Rocky
Mountain, Appalachian and Midwest regions of the United States.
TEP's operating segments consist of crude oil transportation &
logistics, natural gas transportation & logistics and processing &
logistics.  TEP's assets include 98% ownership in PONY, 25%
ownership in REX, and 100% ownership in Tallgrass Interstate Gas
Transmission Pipeline (TIGT), Trailblazer Pipeline Company LLC
(Trailblazer) and Tallgrass Midstream (TMID).  TEP also owns 100%
of BNN Water Solutions (BNN).


TALLGRASS ENERGY: S&P Assigns 'BB+' CCR, Outlook Stable
-------------------------------------------------------
S&P Global Ratings said that it assigned its 'BB+' corporate credit
rating to master limited partnership (MLP) Tallgrass Energy
Partners L.P.  The outlook is stable.

S&P assigned its 'BB+' issue-level rating and '3' recovery rating
to Tallgrass Energy Partners L.P. and Tallgrass Energy Finance
Corp.'s $400 million senior unsecured notes due 2024.  The '3'
recovery rating indicates that lenders can expect meaningful (50%
to 70%; lower half of the range) recovery in the event of a payment
default.

"Our 'BB+' corporate credit rating on Tallgrass reflects our
assessment of a fair business risk profile and significant
financial risk profile.  The partnership recently acquired a 25%
interest in Rockies Express Pipeline (REX) for $440 million.  Our
ratings reflect the expectation that the partnership will be able
to successfully execute on further drop downs over the next few
years of the remaining 50% interest in REX from private company,
Tallgrass Development, L.P. (TDEV) while maintaining leverage at
current levels.  We expect REX cash flows and the weighted average
length of its contracts to increase in 2017 when the capacity
enhancement across zone 3 of the pipeline project becomes
operational," S&P said.

"The outlook on Tallgrass is stable, reflecting our expectation of
adequate liquidity, adjusted debt leverage of about 3.5x and a
distribution coverage ratio above 1x," said S&P Global Ratings
credit analyst Mike Llanos.

S&P could lower the rating if distributions from REX significantly
decline due to additional contract renegotiations or if the
partnership experiences operational issues at Pony Express
Pipeline, resulting in an adjusted debt to EBITDA sustained above
4x.

Though unlikely in the near-term due to the partnership's limited
scale, S&P could consider higher ratings if the partnership is able
to improve its scale and successfully mitigate volumetric risk for
the expiring contracts, while maintaining credit metrics at current
levels.


TK SERVICES: Unsecured Creditors May Get Up to 3% of Claims
-----------------------------------------------------------
General unsecured creditors of TK Services, Inc. may recover up to
3% of their claims, according to the company's latest Chapter 11
plan of reorganization filed with the U.S. Bankruptcy Court for the
Eastern District of Virginia.

Under the plan, creditors holding Class 5(a) general unsecured
claims will receive cash distributions in the amounts by which:

     (i) the recovery from the litigation claims exceeds the
         unpaid amount of the allowed professional fee claims of
         the professionals retained by the unsecured creditors'
         committee;

    (ii) the total of TK Services' 72 monthly payments of $3,750
         exceed its obligation to pay administrative professional
         claims; and

   (iii) TK Services' post-petition revenues exceed budget by
         $1 million divided by 10 for the first million and by 50
         for every dollar increase over the first million.

The estimated amount of allowed Class 5(a) general unsecured claims
is $3.95 million.

The plan will be funded by cash held on the effective date;
payments made under the Facilities Management Contracts and from
the company's operations; collection of accounts receivable; the
new value contribution to the plan in the amount of $204,000;
recoveries from the litigation claims; and funds that may be
generated from the liquidation of assets.

A copy of the disclosure statement is available for free at
http://bankrupt.com/misc/TKServices_2DS081116.pdf

                        About TK Services

TK Services Inc., based in Alexandria, Virginia, filed a Chapter 11
petition (Bankr. E.D. Va. Case No. 14-11062) on March 23, 2014.
The Hon. Brian F. Kenney presides over the case.  The Debtor is
represented by the Law Offices of Christopher S. Moffitt, Esq.  In
its petition, TK Services estimated $1 million to $10 million in
both assets and liabilities.  The petition was signed by Joseph E.
Kim, president.


TOPPS COMPANY: Moody's Affirms B2 CFR & Rates New 1st Lien Loans B1
-------------------------------------------------------------------
Moody's Investors Service affirmed the Corporate Family Rating and
Probability of Default Rating of The Topps Company, Inc. at B2 and
B3-PD, respectively.  At the same time, Moody's assigned a B1
rating to the company's proposed senior secured first lien credit
facilities, consisting of a $130 million senior secured first lien
term loan and a $30 million senior secured first lien revolving
credit facility.  The rating outlook is maintained at stable.

Proceeds from the newly proposed senior secured first lien term
loan along with $25 million of balance sheet cash are expected to
be used to refinance the company's existing $135 million principal
senior secured first lien term loan (approximately $128 million
outstanding), pay a $24 million dividend to the private equity
owners of the company (75% owned by Madison Dearborn Partners LLC
and 25% by The Tornante Company, LLC), as well as fund an estimated
$3 million of fees and expenses associated with the transaction.

According to Moody's AVP - Analyst Brian Silver, "The transaction
will have an effectively neutral impact on the company's debt
leverage, though we expect credit metrics will weaken through
fiscal 2016, primarily relating to the loss of NFL trading card
rights for the 2016-17 season, before improving thereafter when the
loss is anniversaried.  Liquidity will weaken somewhat from the $25
million of balance sheet cash for the transaction, partially offset
by the two year extension of its first lien debt maturities".

These ratings have been assigned at The Topps Company, Inc.
(subject to final documentation):

  New $130 million principal senior secured first lien term loan
   due October 2020 rated B1 (LGD2); and
  New $30 million principal senior secured first lien revolving
   credit facility due April 2020 rated B1 (LGD2).

These ratings have been affirmed at The Topps Company, Inc.
(subject to final documentation):

  Corporate Family Rating at B2; and
  Probability of Default Rating at B3-PD

These ratings will be withdrawn at The Topps Company, Inc.
following the close of this transaction (subject to final
documentation):

  $135 million principal senior secured first lien term loan due
   October 2018 rated B1 (LGD2); and
  $30 million principal senior secured first lien revolving credit

   facility due April 2018 rated B1 (LGD2).

The rating outlook is maintained at stable.

                          RATINGS RATIONALE

The B2 Corporate Family Rating reflects Topps' small scale, niche
market orientation in mature categories with more limited growth
opportunities, effectively unchanged leverage pro forma for the
refinancing, private equity ownership and the associated potential
for dividend payments, and volatility that is inherent in the
sports and entertainment collectibles industry.  The company's
leverage is expected to increase by FYE16 relative to the twelve
months ended June 25, 2016, period, largely the result of losing
licensing rights to the National Football League for trading cards
beginning in the 2016-17 season (Topps continues to have a digital
rights license with the NFL).  Moody's expects a portion of the
loss to be offset by strength in other areas of the business over
time, particularly digital and confectionery.  The rating also
considers Topps' leading position in the domestic sports card
market, exclusive contracts in the sports and entertainment
industry, and established presence in the more stable confectionery
business.  In addition, Moody's recognizes the company's modest
segment diversification and healthy geographic exposure that
reaches the North American, Latin American and EMEA markets.
Moody's expects Topps to generate a moderate amount of free cash
flow over the next twelve to eighteen months while maintaining good
liquidity.

The stable outlook reflects Moody's expectation that Topps revenue
and profitability will weaken over the next several months driven
by the loss of NFL trading card rights for the upcoming season,
which will drive an increase in leverage as the year progresses.
However, Moody's expects the impact to be partially offset by
strength in the confectionery segment driven by new product
innovation and international expansion, as well as continued growth
in the digital segment, and Moody's anticipates leverage will
remain below 4.5 times through FYE17.

The rating could be upgraded if the company demonstrates that it
can grow the business and sustain positive free cash flows despite
some underlying volatility in the business while lowering leverage
over time.  Quantitatively, debt-to-EBITDA sustained below 3.5
times, RCF-to-net debt sustained above 20% and EBIT-to-interest
above 3.5 times could lead to an upgrade.  Alternatively, the
rating could be downgraded if the company encounters sustained
operating difficulties that cause leverage to approach 6.0 times or
EBIT margins to be sustained below 5%.  In addition, a large debt
funded acquisition or shareholder distribution could lead to a
downgrade.

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

The Topps Company, Inc., founded in 1938, is a preeminent producer
of distinctive and interactive confectionery items and brand
marketer of sports and entertainment cards, products and digital
apps.  The company is co-owned by Madison Dearborn Partners (75%)
and Michael Eisner's The Tornante Company (25%).  Key products
include Major League Baseball and Star Wars trading cards,
confectionery brands such as Ring Pop, Push Pop, Juicy Drop,
Crunchkins and Bazooka bubble gum, and digital apps including Star
Wars Card Trader, NFL HUDDLE, Topps KICK and Topps BUNT.  During
the twelve months ended June 25, 2016, Topps generated net sales of
approximately $431 million.


TREVOR LLOYD-JONES: Plan Confirmation Hearing Set for Sept. 1
-------------------------------------------------------------
The Hon. James M. Carr of the U.S. Bankruptcy Court for the
Southern District of Indiana has conditionally approved Trevor
Lloyd-Jones' disclosure statement.

A hearing to consider the confirmation of the plan of
reorganization is set for Sept. 1, 2016, at 11:00 a.m. EDT.

An Amended Disclosure Statement was filed on July 27, 2016, by the
Debtor as immaterially modified relating to the amended plan filed
on July 27, 2016, by the Debtor.

General unsecured creditors will include the credit cards and other
creditors who have deficiency balances after liquidation of their
collateral including obligations that arose as a result of personal
guaranties for debts of the Debtor's many entities.  Unsecured
creditors will receive a pro rata share of the plan payments to be
made by the Debtor.

The source of funds to be used to fund the Plan arises from the
Debtor's income.  The Debtor and his wife both have income and
share living expenses.  The Debtor earned approximately $6,000 per
month from his medical practice at the time of filing, however now
earns approximately $5,000 per month.  Additionally, he receives
Social Security of approximately $2,000 and a pension of
approximately $125.  The Debtor's wife receives Social Security and
a pension with gross monthly income of approximately $1,200.  The
Debtor will pay the sum of $1,700 per month for a period of 60
months as plan payments for a total amount of $102,000.

The Debtor proposes to open a separate Reorganized Debtor Account
into which the monthly plan payments will be deposited.

The Plan is available at:

         http://bankrupt.com/misc/insb14-04497-197.pdf

By Aug. 3, 2016, the Debtor must mail the Plan, Disclosure
Statement, a ballot for accepting or rejecting Plan (Form B314
or a substantially similar form), a proof of claim (Form B410), and
a copy of the court order to all creditors, equity security
holders, other parties in interest, and the U.S. Trustee.  A
certificate of service listing the mailed documents, the mailing
date, and recipients must be filed by Aug. 10, 2016.

Any proof of claim or interest must be filed by Aug. 25, 2016.

Trevor Lloyd-Jones is a general practice medical doctor with an
office in Cumberland, Indiana.  The Debtor filed a Chapter 11
petition in 2014 (Bankr. S.D. Ind. Case No. 14-04497).  

The Debtor is represented by:

          Michael J. Hebenstreit, Esq.
          WHITHAM HEBENSTEIT & ZUBEK, LLP
          151 N. Delaware Street, Suite 2000
          Indianapolis, IN 46204
          Tel: (317) 638-5555
          Fax: (317) 638-5533
          E-mail: mjh@whzlaw.com


TRUSTEES OF CONNEAUT LAKE: Bid for Preliminary Injunction Denied
----------------------------------------------------------------
In the adversary case TRUSTEES OF CONNEAUT LAKE PARK, INC.,
Plaintiff, v. PARK RESTORATION, LLC, Defendant, Adv. Proc. No.
16-01029 JAD in relation to bankruptcy case In re: TRUSTEES OF
CONNEAUT LAKE PARK, INC., Chapter 11, Debtor, Bankruptcy Case No.
14-11277-JAD, Chief Judge Jeffery A. Deller of the United States
Bankruptcy Court for the Western District of Pennsylvania denied
Plaintiff's Motion for Preliminary Injunction.

The Trustees of Conneaut Lake Park, Inc., Inc., debtor and
debtor-in-possession, commenced an Adversary Proceeding on June 13,
2016, against Park Restoration, LLC, alleging breach of contract
claims: Failure to Vacate the Beach Club without Damage; Failure to
Secure Beach Club in Commercially Reasonable Manner; and
Contractual Indemnity.  In each of the three Counts, the Plaintiff
alleges "damages as a result of the Defendant's breach of
Management Agreement in an amount not less than the full value of
the Beach Club."

This is the second adversary proceeding between these Parties
(among others) filed in this Bankruptcy Case. In the first
Adversary Proceeding, the Defendant sought title to certain
insurance proceeds resulting from the destruction of the Beach
Club, while the Debtor and certain Taxing Authorities asserted
rights in the insurance proceeds. The insurance proceeds,
$611,000.00, which are the subject of the first Adversary
Proceeding, were deposited into this Court's Registry.

Contemporaneous with the filing of the Complaint, the Debtor filed
a Motion for Preliminary Injunction, which Motion is the subject of
this Memorandum Opinion. The Defendant filed its response to the
Motion.

A full-text copy of the Memorandum Opinion dated August 1, 2016 is
available at https://is.gd/cBrEg1 from Leagle.com.

Trustees of Conneaut Lake Park, Inc., Plaintiff, is represented by
Jeanne S. Lofgren, Esq. -- jlofgren@stonecipherlaw.com --
Stonecipher Law Firm.

Park Restoration, LLC, Defendant, is represented by John F. Mizner,
Esq. -- Mizner Law Firm.

               About Conneaut Lake Park

Conneaut Lake Park is a summer amusement resort, located in
Conneaut Lake, Pennsylvania.

Trustees of Conneaut Lake Park, Inc., filed a Chapter 11
bankruptcy petition (Bankr. W.D. Pa. Case No. 14-11277) in Erie,
Pennsylvania, on Dec. 4, 2014.  The case is assigned to Judge
Thomas P. Agresti.

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

Trustees of Conneaut Lake Park filed for bankruptcy protection
less
than 20 hours before the Crawford County amusement park was
scheduled to go to sheriff's sale for almost $930,000 in back
taxes
and related fees.

The Debtor tapped George T. Snyder, Esq., at Stonecipher Law Firm,
in Pittsburgh, as counsel.




UNITED BANCSHARES: Needs More Time to Complete Form 10-Q
--------------------------------------------------------
United Bancshares, Inc., disclosed in a regulatory filing with the
Securities and Exchange Commission that it is unable to file its
quarterly report on Form 10-Q for the period ended June 30, 2016,
in a timely manner because the Company is still in the process of
completing its financial statements.

                      About United Bancshares

Located in Philadelphia, Pennsylvania, United Bancshares, Inc., is
an African American controlled and managed bank holding company
for United Bank of Philadelphia, a commercial bank chartered in
1992 by the Commonwealth of Pennsylvania, Department of Banking.

United Bancshares reported a net loss of $343,000 on $2.90 million
of total interest income for the year ended Dec. 31, 2014, compared
with a net loss of $669,000 on $2.90 million of total interest
income for the year ended Dec. 31, 2013.

As of Sept. 30, 2015, the Company had $59.14 million in total
assets, $56.23 million in total liabilities and $2.91 million in
total shareholders' equity.

McGladrey LLP, in Blue Bell, Pennsylvania, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2014, noting that the Company's regulatory capital
amounts and ratios are below the required levels stipulated with
Consent Orders between the Company and its regulators under the
regulatory framework for prompt corrective action.  Failure to meet
the capital requirements exposes the Company to regulatory
sanctions that may include restrictions on operations and growth,
mandatory asset disposition, and seizure of the Company.  These
matters raise substantial doubt about the ability of the Company to
continue as a going concern.


VAUGHAN COMPANY: Dismissal of "Lankford" Suit Recommended
---------------------------------------------------------
In the case DAVID LANKFORD and LEE ANN LANKFORD, Plaintiffs, v.
JUDITH A. WAGNER, Chapter 11 Trustee of the Bankruptcy Estate of
the Vaughan Company, Realtors, ARLAND & ASSOCIATES, LLC, JAMES A.
ASKEW, EDWARD A. MAZEL, and DANIEL WHITE, of Askew & Mazel, LLC,
Defendants, No. 1:15-cv-01013-JCH-LF, Magistrate Judge Laura
Fashing of the United States District Court for the District of New
Mexico recommended that the Court:

     -- grant the A&M Defendants' motion to dismiss for lack of
subject matter jurisdiction, and dismiss the amended complaint
without prejudice;

     -- sua sponte dismiss the claims, if any, against the judicial
officers and courts with prejudice,

     -- sua sponte dismiss the claims for criminal prosecution
under 18 U.S.C. Section 1001(a)(1)-(a)(3) with prejudice;

     -- grant the A&M Defendants' motion to strike the second
amended complaint; and

     -- deny the Lankfords' motion to file a second amended
complaint because the proposed second amended complaint would be
subject to dismissal, and the amendment is futile.

David and Lee Ann Lankford filed a pro se amended complaint
alleging violations of 18 U.S.C. Section 1001(a)(1)-(a)(3); seeking
relief from several orders of the United States Bankruptcy Court
for the District of New Mexico pursuant to Federal Rule of Civil
Procedure 60(d)(3); and seeking compensatory and punitive damages.


Pending before the Court are defendants Wagner, Askew, Mazel,
White, and Askew & Mazel, LLC's -- A&M Defendants -- motion to
dismiss pursuant to Federal Rule of Civil Procedure 12(b)(1) and/or
a motion for summary judgment pursuant to Rule 56; defendant Arland
& Associates, LLC's motion to dismiss pursuant to Rule 12(b)(5);
the A&M Defendants' motion to strike the second amended complaint;
and the Lankfords' motion for leave to file a second amended
complaint. All of these motions are opposed and have been fully
briefed by the parties.

A full-text copy of the Proposed Findings and Recommended
Disposition dated July 19, 2016 is available at
https://is.gd/FunFba from Leagle.com.

David Lankford, Plaintiff, Pro Se.

Lee Ann Lankford, Plaintiff, Pro Se.

Judith A. Wagner, Defendant, is represented by Briggs F. Cheney,
Esq. -- bfc@sheehansheehan.com -- Sheehan & Sheehan, P.A. & Joshua
A. Allison, Esq. -- jaa@sheehansheehan.com -- Sheehan & Sheehan,
P.A..

James A. Askew, Defendant, is represented by Briggs F. Cheney,
Sheehan & Sheehan, P.A. &Joshua A. Allison, Sheehan & Sheehan,
P.A..

Edward A. Mazel, Defendant,is represented by Briggs F. Cheney,
Sheehan & Sheehan, P.A. &Joshua A. Allison, Sheehan & Sheehan,
P.A..

Daniel White, Defendant, is represented by Briggs F. Cheney,
Sheehan & Sheehan, P.A. & Joshua A. Allison, Sheehan & Sheehan,
P.A..

Arland & Associates, LLC, Defendant, is represented by Elizabeth M.
Piazza, Esq. -- Guebert Bruckner PC & Terry R. Guebert, Esq. --
Guebert Bruckner P.C..

              About The Vaughan Company Realtors

The Vaughan Company Realtors filed for Chapter 11 protection
(Bankr. N.M. Case No. 10-10759) on Feb. 22, 2010.  George D.
Giddens, Jr., Esq., represents the Debtor in its restructuring
efforts.  The Company estimated both assets and debts of between
$1 million and $10 million.  Judith A. Wagner was appointed as
Chapter 11 Trustee.

Mr. Vaughan filed a separate Chapter 11 petition (Bankr. D. N.M.
Case No. 10-10763) on Feb. 22, 2010.  The case was converted to a
chapter 7 proceeding on May 20, 2010.  Yvette Gonzales is the duly
appointed trustee of the Chapter 7 estate.


VICTOR ROMERO CORP: Cash Collateral Motion Dismissed
----------------------------------------------------
Judge Christopher D. Jaime of the U.S. Bankruptcy Court for the
Eastern District of California, dismissed Victor Romero
Corporation's Cash Collateral Motion, for being "moot".  The
bankruptcy case had been dismissed on July 29, 2016.
  
A full-text copy of the Order, dated Aug. 10, 2016, is available at
https://is.gd/q7hSfo

                About Victor Romero Corporation

Victor Romero Corporation filed a chapter 11 petition (Bankr. E.D.
Cal. Case No. 16-20652) on Feb. 5, 2016.  The petition was signed
by Victor M. Romero, CEO.  The Debtor is represented by Richard L.
Jare, Esq.  At the time of the filing, the Debtor estimated assets
and liabilities at $100,001 to $500,000.


VIRGINIA DUL AC: U.S. Trustee Unable to Appoint Committee
---------------------------------------------------------
The Office of the U.S. Trustee disclosed in a court filing that no
official committee of unsecured creditors has been appointed in the
Chapter 11 case of Virginia DUL AC, L.L.C.

Virginia DUL AC, L.L.C. sought protection under Chapter 11 of the
Bankruptcy Code (N. Bankr. D. Ga. Case No. 16-61686) on July 4,
2016.  The petition was signed by Robert Erlich, managing member.

The Debtor is represented by Herbert C. Broadfoot, II, Esq., at
Herbert C. Broadfoot II, PC

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


VITRO ASSET: UISD Barred by Res Judicata from Challenging Plan
--------------------------------------------------------------
The United States Court of Appeals, Fifth Circuit, affirmed the
district court's judgment which held that the United Independent
School District's (UISD) challenges to the Chapter 11
reorganization plan of Vitro Asset Corporation and its affiliated
debtors are barred by res judicata.

UISD failed to timely object to, or appeal from, the bankruptcy
court's order confirming the reorganized debtors' Chapter 11
reorganization plan.  UISD then failed to file a claim for
postpetition interest, penalties, and fees related to taxes on
property owned by the reorganized debtors within the period
provided by the confirmed plan.  UISD then argued that it should
not be subject to the terms of the confirmed plan for various
reasons.

The district court held that each portion of UISD's claim -- the
taxes, interest, penalties, and collection fees -- were covered by
Section 3.5 of the confirmed plan and thus must have been sought
within the 30-day period provided by the plan.  Next, the district
court held that the bankruptcy court had properly determined that
UISD's lien had been discharged as part of the bankruptcy.
Finally, the district court concluded that as a result of UISD's
failure to timely object to, or appeal from, the bankruptcy court's
order confirming the bankruptcy plan, UISD's arguments were
precluded by res judicata.

The case is In the Matter of: VITRO ASSET CORPORATION, Debtor.
UNITED INDEPENDENT SCHOOL DISTRICT, Appellant, v. VITRO ASSET
CORPORATION, And its Affiliated Debtors, Reorganized Debtors and
Appellees, Appellees, No. 15-11056 (5th Cir.).

A full-text copy of the Fifth Circuit's August 5, 2016 ruling is
available at https://is.gd/fKwF8b from Leagle.com.

Appellee is represented by:

          William Richard Greendyke, Esq.
          Gregory Michael Wilkes, Esq.
          Ryan E. Manns, Esq.
          Timothy S. Springer, Esq.
          2200 Ross Avenue, Suite 3600
          Dallas, TX 75201-7932
          Tel: (214)855-8000
          Fax: (214)855-8200
          Email: william.greendyke@nortonrosefulbright.com
                 ryan.manns@nortonrosefulbright.com
                 greg.wilkes@nortonrosefulbright.com

Appellant is represented by:

          J. Alberto Alarcon, Esq.
          1302 Washington St
          Laredo, TX 78040-4445
          Laredo, TX 78042-0207
          Tel: (956)723-5527

                       About Vitro SAB

Headquartered in Monterrey, Mexico, Vitro, S.A.B. de C.V. (BMV:
VITROA; NYSE: VTO), through its two subsidiaries, Vitro Envases
Norteamerica, SA de C.V. and Vimexico, S.A. de C.V., is a global
glass producer, serving the construction and automotive glass
markets and glass containers needs of the food, beverage, wine,
liquor, cosmetics and pharmaceutical industries.

Vitro is the largest manufacturer of glass containers and flat
glass in Mexico, with consolidated net sales in 2009 of MXN23,991
million (US$1.837 billion).

Vitro defaulted on its debt in 2009, and is now seeking to
restructure around US$1.5 billion in debt, including US$1.2
billion in notes.

Vitro launched an offer to buy back or swap US$1.2 billion in debt
from bondholders.  The tender offer would be consummated with a
bankruptcy filing in Mexico and Chapter 15 filing in the United
States.  Vitro said noteholders would recover as much as 73% by
exchanging existing debt for cash, new debt or convertible bonds.
The offer was to expire December 7, 2010.

Noteholders who oppose the exchange, namely Knighthead Master
Fund, L.P., Lord Abbett Bond-Debenture Fund, Inc., Davidson
Kempner Distressed Opportunities Fund LP, and Brookville Horizons
Fund, L.P. -- which hold US$75 million, or approximately 6% of the
outstanding bond debt -- commenced involuntary bankruptcy cases
under Chapter 11 of the U.S. Bankruptcy Code against Vitro Asset
Corp. (Bankr. N.D. Tex. Case No. 10-47470) and nine other
affiliates on November 17, 2010.

Vitro engaged Susman Godfrey, L.L.P. as U.S. special litigation
Counsel to analyze the potential rights that Vitro may exercise in
the United States against the ad hoc group of dissident
bondholders and its advisors.

A larger group of noteholders, known as the Ad Hoc Group of Vitro
Noteholders -- comprised of holders, or investment advisors to
holders, which represent approximately US$650 million of the
Senior Notes due 2012, 2013 and 2017 issued by Vitro -- was not
among the Chapter 11 petitioners, although the group has expressed
concerns over the exchange offer.  The group says the exchange
offer exposes Noteholders who consent to potential adverse
consequences that have not been disclosed by Vitro.  The group is
represented by John Cunningham, Esq., and Richard Kebrdle, Esq. at
White & Case LLP.

The U.S. affiliates subject to the involuntary petitions are Vitro
Chemicals, Fibers & Mining, LLC (Bankr. N.D. Tex. Case No. 10
47472); Vitro America, LLC (Bankr. N.D. Tex. Case No. 10-47473);
Troper Services, Inc. (Bankr. N.D. Tex. Case No. 10-47474); Super
Sky Products, Inc. (Bankr. N.D. Tex. Case No. 10-47475); Super Sky
International, Inc. (Bankr. N.D. Tex. Case No. 10-47476); VVP
Holdings, LLC (Bankr. N.D. Tex. Case No. 10-47477); Amsilco
Holdings, Inc. (Bankr. N.D. Tex. Case No. 10-47478); B.B.O.
Holdings, Inc. (Bankr. N.D. Tex. Case No. 10-47479); Binswanger
Glass Company (Bankr. N.D. Tex. Case No. 10-47480); Crisa
Corporation (Bankr. N.D. Tex. Case No. 10-47481); VVP Finance
Corporation (Bankr. N.D. Tex. Case No. 10-47482); VVP Auto Glass,
Inc. (Bankr. N.D. Tex. Case No. 10-47483); V-MX Holdings, LLC
(Bankr. N.D. Tex. Case No. 10-47484); and Vitro Packaging, LLC
(Bankr. N.D. Tex. Case No. 10-47485).

Vitro SAB on December 13, 2010, filed its voluntary petition for a
pre-packaged Concurso Plan in the Federal District Court for Civil
and Labor Matters for the State of Nuevo Leon, thereby commencing
its voluntary concurso mercantil proceedings.  Vitro SAB believes
that, as a result of the implementation of the Concurso Plan
through the Mexican Proceeding, the holders of the Restructured
Debt will recover 68% to 75% of the face value of their respective
claims.

Vitro SAB also commenced parallel proceedings under Chapter 15 of
the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No. 10-16619) in
Manhattan on December 13, 2010, to seek U.S. recognition and
deference to its bankruptcy proceedings in Mexico.

Alejandro Francisco Sanchez-Mujica, as foreign representative of
Vitro, has asked the U.S. Bankruptcy Court to enter an order
recognizing the Mexican Proceeding as "foreign main proceeding"
pursuant to 11 U.S.C. Sections 1515 and 1517.

Early in January 2011, the Mexican Court dismissed the Concurso
Mercantil proceedings.


VUZIX CORPORATION: Incurs $4.5 Million Net Loss in Second Quarter
-----------------------------------------------------------------
Vuzix Corporation filed with the Securities and Exchange Commission
its quarterly report on Form 10-Q disclosing a net loss
attributable to common stockholders of $4.50 million on $560,877 of
total sales for the three months ended June 30, 2016, compared to a
net loss attributable to common stockholders of $2.77 million on
$427,812 of total sales for the three months ended June 30, 2015.

For the six months ended June 30, 2016, the Company reported a net
loss attributable to common stockholders of $8.67 million on
$925,000 of total sales compared to a net loss attributable to
common stockholders of $8.22 million on $1.23 million of total
sales for the same period last year.

As of June 30, 2016, Vuzix had $12.9 million in total assets, $4.02
million in total liabilities and $8.85 million in total
stockholders' equity.

As of June 30, 2016, the Company had cash and cash equivalents of
$4.59 million, a decrease of $7.29 million from $11.9 million as of
Dec. 31, 2015.

The Company's quarterly report on Form 10-Q is available from the
SEC Web site at https://is.gd/x5c60A

                    About Vuzix Corporation

Vuzix -- http://www.vuzix.com/-- is a supplier of Video Eyewear
products in the consumer, commercial and entertainment markets.
The Company's products, personal display devices that offer users
a portable high quality viewing experience, provide solutions for
mobility, wearable displays and virtual and augmented reality.
Vuzix holds 33 patents and 15 additional patents pending and
numerous IP licenses in the Video Eyewear field.  Founded in 1997,
Vuzix is a public company with offices in Rochester, NY, Oxford,
UK and Tokyo, Japan.

Vuzix Corporation reported a net loss attributable to common
stockholders of $14.94 million on $2.74 million of total
sales for the year ended Dec. 31, 2015, compared to a net loss
attributable to common stockholders of $7.86 million on $3.03
million of total sales for the year ended Dec. 31, 2014.


WALKER & DUNLOP: S&P Affirms 'BB-' ICR; Outlook Remains Stable
--------------------------------------------------------------
S&P Global Ratings said it affirmed its issuer credit rating on
Walker & Dunlop Inc. at 'BB-'.  The outlook remains stable.

At the same time, S&P raised the debt rating on the senior secured
term loan by one notch to 'BB' and revised upward the recovery
expectations to '2', indicating S&P's expectation for "substantial"
recovery (70%-90%, higher end of the range) in the case of default,
from '3' (higher end of the range).

"The ratings reflect Walker's favorable market position in the
commercial real estate market, consistent financial performance,
and conservative financial policies," said credit analyst Gaurav
Parikh.

As the No. 2 Fannie Mae-delegated underwriting and servicing
lender, the No. 4 Freddie Mac seller/servicer, and the No. 6 HUD
lender in the country in 2015, Walker has a formidable scale and
market presence in the multifamily lending sector.  The company's
debt-to-EBITDA ratio at year-end 2015 was 2.05x on an adjusted
basis, compared with 3.0x at fiscal year-end 2014.  S&P expects the
company will maintain leverage between 2.0x-3.0x.

Walker's revenue concentration--in terms of mortgage originations
and servicing--does limit the rating to a degree.  At the same
time, S&P recognizes that the company continues to grow organically
and through acquisitions, maintaining consistent cash flows.  In
June 2016, Walker & Dunlop acquired $3.8 billion commercial
mortgage servicing portfolio from Oppenheimer Multifamily Housing &
Healthcare Finance Inc., a subsidiary of Oppenheimer Holdings Inc.,
for $44.8 million.  The company expects the acquired portfolio to
have an unpaid principal balance of
$3.8 billion and generate 17 basis points in servicing fees, which
would lead to annual servicing revenue of approximately $6.4
million.  For the first half of 2016, the company's origination
revenue was $148.8 million, compared with $142.7 million for first
half 2015.  As of June 30, 2016, the total servicing portfolio has
increased to $57.3 billion, with a weighted average servicing fees
of 25 basis points and weighted average remaining life of loans at
10.4 years.  For quarter ending June 2016, the company's mortgage
servicing rights (MSRs) increased to $468 million compared with
$412 million as of year-end 2015.

The stable outlook reflects S&P Global Ratings' expectations that,
over the next 12 months, Walker will continue to maintain its
competitive position as a primary originator and servicer of
multifamily loans.  The outlook incorporates S&P's expectations of
the firm maintaining leverage and EBITDA coverage between 2.0x-3.0x
and 6.0x-10.0x, respectively.  Furthermore, S&P expects the company
to successfully renew its warehouse facilities on an annual basis
to fund its GSE originations.

S&P could lower its rating over next 12 months if net debt to
EBITDA rises above 3.0x or if EBITDA coverage dips below 6.0x on a
persistent basis.  S&P could also lower its rating if significant
changes to existing federal policies supporting the multifamily
lending market limit Walker's origination volume or profitability.
If the company's market position unexpectedly erodes such that the
company is unable to renew its existing warehouse facilities, or if
it loses significant market share to its peers, S&P could lower the
rating.  S&P views the prospects of this scenario as relatively
remote.

S&P sees limited upside in the ratings over the next 12 months
given the overall cyclicality and volatility in the commercial real
estate space coupled with lack of clarity on the role that the
federal government plans to have in the multifamily lending market.
However, S&P could raise the rating if, long term, Walker operates
at leverage consistently below 2.0x in conjunction with other
leverage metrics, such as debt to tangible equity and EBITDA
coverage, also supporting the assessment of a lower financial risk
profile.


WILLY BATUNER: Gets Approval of Plan to Exit Bankruptcy
-------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Illinois on
August 10 confirmed the plan proposed by Willy Batuner to exit
Chapter 11 protection.

The court gave the thumbs-up to the plan after finding that it
satisfies the requirements for confirmation under section 1129(a)
of the Bankruptcy Code.

In the same filing, the court also gave approval to the disclosure
statement, which explains the Debtor's plan of reorganization.

A post-confirmation status hearing is scheduled for October 5, at
10:00 a.m.

Under the plan, unsecured creditors holding Class 5 claims will
receive a pro rata share of the Debtor's quarterly plan payments
for a period of five years from the effective date of the plan, or
9% of allowed claims whichever is greater.

                        About Willy Batuner

Willy Batuner filed for Chapter 11 bankruptcy protection (Bankr.
N.D. Ill. Case No. 15-24475) on July 17, 2015, to preserve his
personal residence at 750 Sarah Lane, Northbrook, Ill., and attempt
to repay all his debts.  The 750 Sarah Lane, was purchased in 2005
with a 15-year mortgage and has a small balance that will be paid
in full in 2020.  

Mr. Batuner owned and operated G and B Auto Sale, Inc., an auto
body repair facility and used car dealership in Milwaukee,
Wisconsin.  In 2014, G&B's Milwaukee location was foreclosed upon
and it ceased all operations.  Mr. Batuner was left unemployed and
sought employment. In 2015, he began working two jobs and his
spouse Lilly Batuner began working a second job.

Along with the foreclosure of G&B property, BMO Harris, as an
assignee of M&I Islley, institute foreclosure on the Batuner
personal residence.

Hon. Judge Janet S. Baer oversees the case.  The Debtor is
represented by O. Allan Fridman, Esq.


WOLVERINE WORLD: Moody's Assigns Ba3 Rating on $250MM Sr. Notes
---------------------------------------------------------------
Moody's Investors Service assigned a Ba3 rating to Wolverine World
Wide, Inc.'s proposed $250 million Senior Unsecured Notes due 2026.
The Company's Ba2 Corporate Family Rating, Ba2-PD Probability of
Default Rating, SGL-1 Speculative Grade Liquidity Rating and stable
outlook remain unchanged.  The Ba3 rating assigned to Wolverine's
existing 6.125% Senior Unsecured Notes is also unchanged, and will
be withdrawn upon successful closing of the proposed refinancing
transaction.

Wolverine is seeking to issue $250 million of Senior Unsecured
Notes due 2026.  Proceeds will be used to redeem a portion of the
Company's existing $375 million 6.125% Senior Unsecured Notes due
2020.  The remaining amount of existing notes will be redeemed
using borrowings under Wolverine's unrated Senior Secured Credit
Facilities, which will include a proposed $150 million incremental
Senior Secured Term Loan and proposed $100 million incremental
Senior Secured Revolver.  The assigned rating is subject to review
of final documentation.

"While debt and leverage will increase very modestly, the
transaction is a credit positive because it will extend the
Company's debt maturity profile and likely reduce cash interest
expense," stated Moody's analyst, Mike Zuccaro.

These ratings were assigned:

Issuer: Wolverine World Wide, Inc.
  $250 million Senior Unsecured Notes due 2026 at Ba3 (LGD5)

                         RATINGS RATIONALE

Wolverine's Ba2 Corporate Family Rating reflects its meaningful
scale in the global footwear industry with revenues for the twelve
months ending June 18, 2016, approaching $2.6 billion and its
sizable portfolio of brands which have appeal to a broad range of
consumer needs.  The rating also reflects the company's meaningful
scale in international markets across a number of its brands and
the company's moderate financial leverage with lease-adjusted debt
to EBITDA of 3.8x as of June 18, 2016.  While Moody's expects
modest deterioration in 2016 due to challenging economic
conditions, inventory overhang and foreign currency pressures,
Moody's expects that recent investments and strategic realignment
efforts along with ongoing scheduled debt reduction will result in
modest improvement in credit metrics over time.  The ratings are
constrained by the narrow product focus of the company in the
footwear segment and that certain brands such as Sperry have a
greater degree of fashion risk.

The stable rating outlook reflects Moody's expectation for stable
sales and operating margins over time (excluding the adverse impact
on revenues from store closures as part of the Strategic
Realignment Plan and the impact from foreign currency changes) and
that the Company will continue to maintain a moderate level of net
funded debt.

Ratings could be upgraded if the Company were to make further
improvement deleveraging its balance sheet while demonstrating
meaningful progress growing sales and margins for its portfolio as
a whole.  Over time continued expansion internationally as well as
broadening its portfolio of brands would be a positive.
Quantitatively ratings could be upgraded if adjusted debt to EBITDA
was sustained below 3.25x and adjusted interest coverage was
sustained above 4x.

Ratings could be downgraded if the Company were to see a meaningful
reversal in positive trends in revenue for its brands as a whole,
or if the Company were to undertake more aggressive financial
policies such as a sizable debt financed acquisition or shareholder
returns.  Quantitatively ratings could be downgraded if adjusted
debt to EBITDA was sustained above 4x or adjusted interest coverage
fell below 3.25x.

Wolverine is a marketer of branded casual, active lifestyle, work,
outdoor sport, athletic, children's and uniform footwear and
apparel.  The Company's portfolio of brands includes: Merrell,
Sperry, Hush Puppies, Saucony, Wolverine, Keds, Stride Rite,
Sebago, Chaco, Bates, HYTEST, and Soft Style.  The Company also is
the global footwear licensee of the popular brands Cat and
Harley-Davidson.  The Company's products are carried by leading
retailers in the U.S. and globally in over 200 countries and
territories.

The principal methodology used in this rating was Global Apparel
Companies published in May 2013.


[^] Recent Small-Dollar & Individual Chapter 11 Filings
-------------------------------------------------------
In re Solyman Yashouafar
   Bankr. C.D. Cal. Case No. 16-12255
      Chapter 11 Petition filed August 3, 2016
         Filed Pro Se

In re Lesa Ann Winokur
   Bankr. C.D. Cal. Case No. 16-20295
      Chapter 11 Petition filed August 3, 2016
         Filed Pro Se

In re Massoud Aron Yashouafar
   Bankr. C.D. Cal. Case No. 16-20343
      Chapter 11 Petition filed August 3, 2016
         Filed Pro Se

In re Ten Twenty Tenth Street, LLC
   Bankr. C.D. Cal. Case No. 16-20362
      Chapter 11 Petition filed August 3, 2016
         See http://bankrupt.com/misc/cacb16-20362.pdf
         represented by: Kevin Tang, Esq.
                         TANG & ASSOCIATES
                         E-mail: tangkevin911@gmail.com

In re John Mark Ossenmacher
   Bankr. S.D. Fla. Case No. 16-20810
      Chapter 11 Petition filed August 3, 2016
         represented by: Craig I Kelley, Esq.
                         E-mail: craig@kelleylawoffice.com

In re Big D's Logging, LLC
   Bankr. M.D. Ga. Case No. 16-51575
      Chapter 11 Petition filed August 3, 2016
         See http://bankrupt.com/misc/gamb16-51575.pdf
         represented by: Calvin L. Jackson, Esq.
                         E-mail: cljpc@mgacoxmail.com

In re S&H Auto Repair Corp
   Bankr. D. Md. Case No. 16-20406
      Chapter 11 Petition filed August 3, 2016
         See http://bankrupt.com/misc/mdb16-20406.pdf
         represented by: George Z. Petros, Esq.
                         GEORGE Z. PETROS, P.C.
                         E-mail: petrosgz@comcast.net

In re Zenith Management I, LLC
   Bankr. E.D.N.Y. Case No. 16-43485
      Chapter 11 Petition filed August 3, 2016
         See http://bankrupt.com/misc/nyeb16-43485.pdf
         represented by: Gabriel Del Virginia, Esq.
                         LAW OFFICES OF GABRIEL DEL VIRGINIA
                         E-mail: gabriel.delvirginia@verizon.net

In re H. Burkhart and Associates, Inc.
   Bankr. W.D. Pa. Case No. 16-10750
      Chapter 11 Petition filed August 3, 2016
         See http://bankrupt.com/misc/pawb16-10750.pdf
         represented by: Brian C. Thompson, Esq.
                         THOMPSON LAW GROUP, P.C.
                         E-mail: bthompson@ThompsonAttorney.com

In re Affordable Roll-Off, Inc.
   Bankr. W.D. Tex. Case No. 16-31202
      Chapter 11 Petition filed August 3, 2016
         See http://bankrupt.com/misc/txwb16-31202.pdf
         represented by: E. P. Bud Kirk, Esq.
                         TERRACE GARDENS
                         E-mail: budkirk@aol.com

In re Marshall Waitman Nichols
   Bankr. S.D.W. Va. Case No. 16-20427
      Chapter 11 Petition filed August 3, 2016
         represented by: Hiram C. Lewis, IV, Esq.
                         E-mail: hiramlewis4@hotmail.com


In re David T Zowine and Karina M Zowine
   Bankr. D. Ariz. Case No. 16-08963
      Chapter 11 Petition filed August 4, 2016
         represented by: Michael W. Carmel, Esq.
                         MICHAEL W. CARMEL, LTD
                         E-mail: michael@mcarmellaw.com

In re Miyagi Sushi, Inc.
   Bankr. C.D. Cal. Case No. 16-16990
      Chapter 11 Petition filed August 4, 2016
         See http://bankrupt.com/misc/cacb16-16990.pdf
         represented by: Michael H Yi, Esq.
                         YI & MADROSEN
                         E-mail: myi@yimadrosenlaw.com

In re Marco Tulio Palma
   Bankr. E.D. Cal. Case No. 16-25123
      Chapter 11 Petition filed August 4, 2016
         Filed Pro Se

In re Highway 72 Properties, Inc.
   Bankr. D. Colo. Case No. 16-17762
      Chapter 11 Petition filed August 4, 2016
         See http://bankrupt.com/misc/cob16-17762.pdf
         represented by: Joshua Sheade, Esq.
                         SHEADE LAW OFFICE, LLC
                         E-mail: joshua.sheade@gmail.com

In re Dooley's Water & Energy Solutions, Inc.
   Bankr. D. Kan. Case No. 16-11468
      Chapter 11 Petition filed August 4, 2016
         See http://bankrupt.com/misc/ksb16-11468.pdf
         represented by: Todd Allison, Esq.
                         LAW OFFICE OF TODD ALLISON, PA
                         E-mail: todd@toddallisonlaw.com

In re John Gatewood Sharpe and Shawna McClain Sharpe
   Bankr. E.D. Ky. Case No. 16-51524
      Chapter 11 Petition filed August 4, 2016
         represented by: Jamie L. Harris, Esq.
                         DELCOTTO LAW GROUP PLLC
                         E-mail: jharris@dlgfirm.com

In re Tommie L. Little and Marilee M. Little
   Bankr. E.D.N.C. Case No. 16-04086
      Chapter 11 Petition filed August 4, 2016
         represented by: David J Haidt, Esq.
                         AYERS & HAIDT, P.A.
                         E-mail: davidhaidt@embarqmail.com

In re GEI Holdings, LLC
   Bankr. D.N.J. Case No. 16-24991
      Chapter 11 Petition filed August 4, 2016
         See http://bankrupt.com/misc/njb16-24991.pdf
         represented by: John F. Wise, Esq.
                         GOODSON LAW OFFICES, LLC
                         E-mail: jwise@goodsonlawoffices.com

In re Juan Ruiz Valentin
   Bankr. D.P.R. Case No. 16-06206
      Chapter 11 Petition filed August 4, 2016
         represented by: Gloria Justiniano Irizarry, Esq.
                         JUSTINIANO'S LAW OFFICE
                         E-mail: justinianolaw@gmail.com

In re LDI Management, Inc.
   Bankr. E.D. Tex. Case No. 16-60485
      Chapter 11 Petition filed August 4, 2016
         See http://bankrupt.com/misc/txeb16-60485.pdf
         represented by: Mark A. Castillo, Esq.
                         CURTIS CASTILLO PC
                         E-mail: mcastillo@curtislaw.net

In re Life Enrichment Center, Inc.
   Bankr. E.D. Va. Case No. 16-51035
      Chapter 11 Petition filed August 4, 2016
         See http://bankrupt.com/misc/vaeb16-51035.pdf
         represented by: W. Greer McCreedy, II, Esq.
                         THE MCCREEDY LAW GROUP, PLLC
                         E-mail: McCreedy@McCreedylaw.com

In re The Greater Evangel Temple Church of God in Christ, Inc.
   Bankr. D. Conn. Case No. 16-31239
      Chapter 11 Petition filed August 5, 2016
         See http://bankrupt.com/misc/ctb16-31239.pdf
         represented by: Jeffrey M. Sklarz, Esq.
                         GREEN & SKLARZ LLC
                         E-mail: jsklarz@gs-lawfirm.com

In re Michael Calise
   Bankr. D. Conn. Case No. 16-51070
      Chapter 11 Petition filed August 5, 2016
         represented by: Douglas S. Skalka, Esq.
                         NEUBERT, PEPE, AND MONTEITH
                         E-mail: dskalka@npmlaw.com

In re Carmen M. Ramos
   Bankr. S.D. Fla. Case No. 16-20898
      Chapter 11 Petition filed August 5, 2016
         represented by: Chad T Van Horn, Esq.
                         E-mail: Chad@cvhlawgroup.com

In re Spencer Brian Howard
   Bankr. S.D. Fla. Case No. 16-20927
      Chapter 11 Petition filed August 5, 2016
         represented by: Eduardo E Dieppa, III, Esq.
                         E-mail: edieppa@dieppalaw.com

In re Susan's, Inc.
   Bankr. N.D. Ind. Case No. 16-11640
      Chapter 11 Petition filed August 5, 2016
         See http://bankrupt.com/misc/innb16-11640.pdf
         represented by: Adam L. Hand, Esq.
                         BECKMAN LAWSON, LLP
                         E-mail: ahand@beckmanlawson.com

In re VoicePulse Inc.
   Bankr. D.N.J. Case No. 16-25075
      Chapter 11 Petition filed August 5, 2016
         See http://bankrupt.com/misc/njb16-25075.pdf
         represented by: Michele M. Dudas, Esq.
                         TRENK, DIPASQUALE, DELLA FERA & SODONO
                         E-mail: mdudas@trenklawfirm.com

In re 97 Street Realty Inc.
   Bankr. E.D.N.Y. Case No. 16-43540
      Chapter 11 Petition filed August 5, 2016
         See http://bankrupt.com/misc/nyeb16-43540.pdf
         Filed Pro Se

In re IPhone Solutions, Corp
   Bankr. D.P.R. Case No. 16-06226
      Chapter 11 Petition filed August 5, 2016
         See http://bankrupt.com/misc/prb16-06226.pdf
         represented by: Luis E Correa Gutierrez, Esq.
                         CORREA BUSINESS CONSULTING GROUP, LLC
                         E-mail: lcorrea@correalawoffice.com

In re Jayuya Memorial, Inc
   Bankr. D.P.R. Case No. 16-06235
      Chapter 11 Petition filed August 5, 2016
         See http://bankrupt.com/misc/prb16-06235.pdf
         represented by: Jesus Enrique Batista Sanchez, Esq.
                         THE BATISTA LAW GROUP, PSC
                         E-mail: jesus.batista@batistalawgroup.com

In re Luvis Ambulance Services Inc
   Bankr. D.P.R. Case No. 16-06244
      Chapter 11 Petition filed August 5, 2016
         See http://bankrupt.com/misc/prb16-06244.pdf
         represented by: Jesus Enrique Batista Sanchez, Esq.
                         THE BATISTA LAW GROUP, PSC
                         E-mail: jesus.batista@batistalawgroup.com

In re Ambrosio Hernandez, Jr.
   Bankr. W.D. Tex. Case No. 16-51781
      Chapter 11 Petition filed August 5, 2016
         represented by: William R. Davis, Jr, Esq.
                         LANGLEY & BANACK, INC.
                         E-mail: wrdavis@langleybanack.com

In re Nautilus Funding, Inc.
   Bankr. D. Conn. Case No. 16-21285
      Chapter 11 Petition filed August 7, 2016
         See http://bankrupt.com/misc/ctb16-21285.pdf
         represented by: Joseph J. D'Agostino, Jr., Esq.
                         ATTORNEY JOSEPH J. D'AGOSTINO, JR., LLC
                         E-mail: joseph@lawjjd.com

In re SBAustin LLC
   Bankr. W.D. Tex. Case No. 16-10926
      Chapter 11 Petition filed August 7, 2016
         See http://bankrupt.com/misc/txwb16-10926.pdf
         represented by: B. Weldon Ponder, Jr., Esq.
                         E-mail: welpon@austin.rr.com

In re 8241 Pinnacle, LLC
   Bankr. D. Ariz. Case No. 16-09064
      Chapter 11 Petition filed August 8, 2016
         See http://bankrupt.com/misc/azb16-09064.pdf
         represented by: Richard William Hundley, Esq.
                         BERENS, KOZUB & KLOBERDANZ, PLC
                         E-mail: rhundley@bkl-az.com

In re The Remodeling Company, Inc.
   Bankr. N.D. Cal. Case No. 16-42231
      Chapter 11 Petition filed August 8, 2016
         See http://bankrupt.com/misc/canb16-42231.pdf
         represented by: Dennis Yan, Esq.
                         LAW OFFICE OF DENNIS YAN
                         E-mail: dennisy@yahoo.com

In re Jacqueline Lopez Flores
   Bankr. N.D. Cal. Case No. 16-52273
      Chapter 11 Petition filed August 8, 2016
         represented by: Charles B. Greene, Esq.
                         LAW OFFICES OF CHARLES B. GREENE
                         E-mail: cbgattyecf@aol.com

In re Christina Lynn Henley
   Bankr. S.D. Fla. Case No. 16-20991
      Chapter 11 Petition filed August 8, 2016
         represented by: Elias Leonard Dsouza, Esq.
                         E-mail: dtdlaw@aol.com

In re PRGI, Inc.
   Bankr. S.D. Fla. Case No. 16-20997
      Chapter 11 Petition filed August 8, 2016
         See http://bankrupt.com/misc/flsb16-20997.pdf
         represented by: Paul Decailly, Esq.
                         DECAILLY LAW GROUP, PA
                         E-mail: pdecailly@dlg4me.com

In re Little Negrill, LLC
   Bankr. D.N.J. Case No. 16-25159
      Chapter 11 Petition filed August 8, 2016
         Filed Pro Se

In re Precision Environmental Solutions, Inc.
   Bankr. N.D.N.Y. Case No. 16-11454
      Chapter 11 Petition filed August 8, 2016
         See http://bankrupt.com/misc/nynb16-11454.pdf
         represented by: Richard H. Weiskopf, Esq.
                         THE DELORENZO LAW FIRM
                         E-mail: Rweiskopf@delolaw.com

In re Eric Martinson
   Bankr. C.D. Cal. Case No. 16-13380
      Chapter 11 Petition filed August 9, 2016
         represented by: Richard Lynn Barrett, Esq.
                         THE BARRETT LAW OFFICE
                         E-mail: thebarrettlawoffice@yahoo.com

In re Patriot Metals, Inc.
   Bankr. M.D. Fla. Case No. 16-06860
      Chapter 11 Petition filed August 9, 2016
         See http://bankrupt.com/misc/flmb16-06860.pdf
         represented by: James W Elliott, Esq.
                         MCINTYRE THANASIDES BRINGGOLD, ET. AL.
                         E-mail: james@mcintyrefirm.com

In re Dennis P. Sorge
   Bankr. E.D.N.C. Case No. 16-04142
      Chapter 11 Petition filed August 9, 2016
         represented by: Trawick H Stubbs, Jr., Esq.
                         STUBBS & PERDUE, P.A.
                         E-mail: efile@stubbsperdue.com

In re JAMES E HILL, III
   Bankr. D. Nev. Case No. 16-14381
      Chapter 11 Petition filed August 9, 2016
         represented by: Seth D Ballstaedt, Esq.
                         THE BALLSTAEDT LAW FIRM
                         E-mail: seth@ballstaedtlaw.com

In re Annie's Gourmet Parties, LLC
   Bankr. D. Nev. Case No. 16-14384
      Chapter 11 Petition filed August 9, 2016
         See http://bankrupt.com/misc/nvb16-14384.pdf
         represented by: Corey B. Beck, Esq.
                         E-mail: becksbk@yahoo.com

In re LaBelle Furniture Gallery, Inc.
   Bankr. E.D.N.Y. Case No. 16-73624
      Chapter 11 Petition filed August 9, 2016
         See http://bankrupt.com/misc/nyeb16-73624.pdf
         represented by: John Lehr, Esq.
                         JOHN LEHR, P.C.
                         E-mail: jlehr@johnlehrpc.com

In re Martha Alicia Ybanez
   Bankr. C.D. Cal. Case No. 16-12315
      Chapter 11 Petition filed August 10, 2016
         represented by: Matthew D Resnik, Esq.
                         SIMON RESNIK HAYES LLP
                         E-mail: matt@srhlawfirm.com

In re Bryan T. Milliren
   Bankr. D. Mass. Case No. 16-13122
      Chapter 11 Petition filed August 10, 2016
         represented by: Mark W. Miller, Esq.
                         THE LAW OFFICE OF MARK W. MILLER
                         E-mail: mark@markmillerlaw.com

In re Andersen and Lee, P.C.
   Bankr. D. Mass. Case No. 16-30687
      Chapter 11 Petition filed August 10, 2016
         See http://bankrupt.com/misc/mab16-30687.pdf
         represented by: Cynthia Lee Andersen, Esq.
                         ANDERSEN & LEE, P.C.
                         E-mail: cynthiaandersen@andersenleepc.com

In re ABBA Medical Transportation, LLC
   Bankr. D.N.J. Case No. 16-25389
      Chapter 11 Petition filed August 10, 2016
         See http://bankrupt.com/misc/njb16-25389.pdf
         represented by: Andrew J. Kelly, Esq.
                         KELLY & BRENNAN, P.C.
                         E-mail: akelly@kbtlaw.com

In re JBL Properties Inc.
   Bankr. E.D.N.J. Case No. 16-43604
      Chapter 11 Petition filed August 10, 2016
         See http://bankrupt.com/misc/nyeb16-43604.pdf
         represented by: Eric H Horn, Esq.
                         VOGEL BACH & HORN, LLP
                         E-mail: ehorn@vogelbachpc.com

In re Hatillo Pool Center Inc
   Bankr. D.P.R. Case No. 16-06331
      Chapter 11 Petition filed August 10, 2016
         See http://bankrupt.com/misc/prb16-06331.pdf
         represented by: Gloria Justiniano Irizarry, Esq.
                         JUSTINIANO'S LAW OFFICE ENSANCHE MARTINEZ
                         E-mail: justinianolaw@gmail.com

In re AZMM, LLC
   Bankr. W.D. Wash. Case No. 16-14118
      Chapter 11 Petition filed August 10, 2016
         See http://bankrupt.com/misc/wawb16-14118.pdf
         represented by: William F Malaier, Jr, Esq.
                         OGDEN MURPHY WALLACE, PLLC
                         E-mail: wmalaier@omwlaw.com

In re Millennium Home Health Care, Inc.
   Bankr. W.D. Tex. Case No. 16-51822
      Chapter 11 Petition filed August 10, 2016
         See http://bankrupt.com/misc/wawb16-51822.pdf
         represented by: Thomas Rice, Esq.
                         PULMAN, CAPPUCCIO, PULLEN, BENSON & JONE
                         E-mail: trice@pulmanlaw.com

In re 1729 27th St. SE, LLC
   Bankr. D.D.C. Case No. 16-00402
      Chapter 11 Petition filed August 11, 2016
         See http://bankrupt.com/misc/dcb16-00402.pdf
         represented by: William C. Johnson, Jr., Esq.
                         LAW OFFICES OF WILLIAM C. JOHNSON, JR.
                         E-mail: wjohnson@dcmdconsumerlaw.com

In re 1733 27th St. SE, LLC00403
   Bankr. D.D.C. Case No. 16-00403
      Chapter 11 Petition filed August 11, 2016
         See http://bankrupt.com/misc/dcb16-00403.pdf
         represented by: William C. Johnson, Jr., Esq.
                         LAW OFFICES OF WILLIAM C. JOHNSON, JR.
                         E-mail: wjohnson@dcmdconsumerlaw.com

In re 2204 Prout St. SE, LLC
   Bankr. D.D.C Case No. 16-00404
      Chapter 11 Petition filed August 11, 2016
         See http://bankrupt.com/misc/dcb16-00404.pdf
         represented by: William C. Johnson, Jr., Esq.
                         LAW OFFICES OF WILLIAM C. JOHNSON, JR.
                         E-mail: wjohnson@dcmdconsumerlaw.com

In re 4001 4th St., SE, LLC
   Bankr. D.D.C. Case No. 16-00406
      Chapter 11 Petition filed August 11, 2016
         See http://bankrupt.com/misc/dcb16-00406.pdf
         represented by: William C. Johnson, Jr., Esq.
                         LAW OFFICES OF WILLIAM C. JOHNSON, JR.
                         E-mail: wjohnson@dcmdconsumerlaw.com


                            *********

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
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Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
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Editors.

Copyright 2016.  All rights reserved.  ISSN: 1520-9474.

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