TCR_Public/160909.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Friday, September 9, 2016, Vol. 20, No. 253

                            Headlines

1733 27TH ST SE: Hires William C Johnson, Jr. as Counsel
2 BROKE LLC: Taps Murphy Law Offices as Legal Counsel
2204 PROUT ST SE: Hires William C Johnson, Jr. as Counsel
414 420 EQ7: Sept. 28 Disclosure Statement Hearing
7 BAY CORP: Court Moves Exclusive Solicitation Period to Nov. 30

ABEINSA HOLDING: Claims Bar Date Set for September 26
ADVANCED BIOMEDICAL: Court Rejects Amended Disclosure Statement
ADVANCED MICRO: Moody's Affirms Caa1 Corporate Family Rating
AEMETIS INC: Sues EdenIQ Over Breach of Merger Agreement
AIR CANADA: Moody's Rates New Secured Debt Issues 'Ba3'

ALL PHASE STEEL: Has Until Sept. 30 to Use Cash Collateral
ARGENT ENERGY: Claims Bar Date Set for September 30
AUGUSTOS CUISINE: Disclosures OK'd; Plan Hearing on Oct. 17
AUTOMART INC: Wants Until Jan. 31 to Solicit Plan Acceptances
BGM PASADENA: Oct. 19 Confirmation Hearing on Cantor-Proposed Plan

BRIDGELINE DIGITAL: Needs to Restructure Debt to Support Operations
BURCON NUTRASCIENCE: Production Facility to be Commissioned in Q4
CALIFORNIA RESOURCES: Joined Barclays Energy-Power Conference
CAMINO AGAVE: Case Summary & 20 Largest Unsecured Creditors
CLEMENT NWOSU: Disclosures OK'd; Plan Hearing on Oct. 18

CNC FABRICATION: Seeks Authorization to Use Cash Collateral
COINSTAR LLC: Moody's Assigns B3 Corporate Family Rating
COMPASSIONATE HEALTH CARE: Plan Confirmation Hearing on Sept. 15
CONDADO RESTAURANT: Wants Sept. 26 Plan Filing Period Extension
CROWN AMERICAS: Moody's Rates New $350MM Unsecured Notes 'Ba3'

DAKOTA PLAINS: Obtains Forbearance Extension Until Sept. 15
DAVID PAUL PELCIC: Sept. 26 Plan Confirmation Hearing
DELL INC: Moody's Hikes Corporate Family Rating to Ba1
DORSEY MOTOR: Wants 60-Day Extension to File Chapter 11 Plan
DOVER DOWNS: Henry Tippie Holds 39.4% Stake as of Aug. 23

DRAW ANOTHER CIRCLE: Court OKs Nov. 25 Plan Filing Extension
DTI HOLDCO: Moody's Assigns B2 Corporate Family Rating
EDGEMERE ESTATE: Claims Bar Date Slated for November 18
EFRON DORADO: Wants Plan Filing Deadline Moved to Nov. 13
EIRE MCNAB: Disclosures OK'd; Sept. 20 Plan Confirmation Hearing

ELBIT IMAGING: Annual Shareholders Meeting Set for Oct. 13
ELRAY RESOURCES: Insufficient Revenues Raise Going Concern Doubt
EMC CORP: Moody's Cuts Senior Unsecured Notes Rating to 'Ba2'
FARMACIA BRISAS: Disclosures Has Conditional OK; Nov. 15 Hearing
FLAVORS HOLDINGS: Moody's Cuts Corporate Family Rating to B3

FORESIGHT ENERGY: Completes Out-of-Court Global Restructuring
FRANK SEVERINO: Disclosures OK'd; Plan Hearing on Sept. 28
FRIENDLY SERVICE: Voluntary Chapter 11 Case Summary
FUNCTION(X) INC: Borrows $500,000 Under Sillerman Line of Credit
FUNCTION(X) INC: Has Until Sept. 30 to Regain Nasdaq Compliance

GASTAR EXPLORATION: Improves Cash Position With $10M Settlement
GENERAL MOTORS: Settles Final 2 Ignition "Bellwether" Cases
GF FINANCE: Case Summary & 5 Largest Unsecured Creditors
GF FINANCE: Files for Chapter 11 Bankruptcy Amid Lawsuits
GIGA-TRONICS INC: Two Directors Won't Seek Re-Election

GORAN PLEHO: Hawaii App. Remands Suit vs. Lacy Law Firm, et al.
GRAY TELEVISION: Moody's Assigns B2 Rating to New $525MM Notes
GREAT BASIN: Receives Noncompliance Notice from Nasdaq
HAL PRESTON WHITNEY: Disclosures OK'd; Plan Hearing on Oct. 12
HHH CHOICES: PCO to File 4th Report on Sept. 12

HIGHWAY 72 PROPERTIES: Taps Sheade Law Office as Legal Counsel
HILTZ WASTE: Case Summary & 20 Largest Unsecured Creditors
HOOVER WELL SERVICE: No Consent for Cash Use From Smith Trust
HORSEHEAD HOLDINGS: Shareholders Fall Short in Bankruptcy Fight
HOVBROS ROESVILLE: Hires Gavin/Solmonese as Financial Advisor

HUBER FARRAN: Oct. 27 Disclosure Statement Hearing
IMOGENE AND WILLIE: Petitioning Creditors Seek Ch. 11 Trustee
INSTITUTE OF CARDIOVASCULAR: Hires Ackerman as Special Counsel
JENSEN INDUSTRIES: Seeks Authority to Use $48K Cash Monthly
KEY ENERGY: Common Stock Delisted from NYSE

KEY ENERGY: Elects to Not Pay $22.8M Notes Interest Due Sept. 1
KRONOS ACQUISITION: Moody's Gives Caa2 Rating on $235MM Add-On
LA PERRONA: Files Plan to Exit Ch. 11 Bankruptcy
LA4EVER LLC: Has Until Sept. 30 to Use Cash Collateral
LARRY J. ADKINS: Wants to Use TD Bank Cash Collateral

LEDGES LLC: Seeks Sept. 30  Plan Exclusivity Extension
LIBERTY INDUSTRIES: Case Summary & 20 Largest Unsecured Creditors
LIBERTY PROPERTIES: Case Summary & 8 Unsecured Creditors
LIGHT TOWER: Moody's Affirms 'B2' Corporate Family Rating
LOUISIANA-PACIFIC CORP: Moody's Gives Ba3 Sr. Unsec. Notes Rating

LUCKY # 5409: Court Extends Exclusive Plan Filing Period to Dec. 9
MARION AVENUE: Court Moves Plan Filing Deadline to Sept. 26
MIAMI TEES: Exclusive Plan Filing Period Extended to Jan. 4, 2017
MIMM CONDOMINIUM: Case Summary & 20 Largest Unsecured Creditors
MOUNTAIN WOOD: First Bank of Tennessee Wants to Prohibit Cash Use

NAVISTAR INTERNATIONAL: Amends Settlement Agreement with MHR Group
NAVISTAR INTERNATIONAL: Amends Settlement Pact With Icahn Group
NAVISTAR INTERNATIONAL: Volkswagen to Buy 19.9% Company Stake
NEURALSTEM INC: Recurring Losses Raise Going Concern Doubt
NEW PHOENIX: Secured Lender Seeks Ch. 11 Trustee

NEW STREAMWOOD: Can Use Cash Collateral Until Sept. 12
NEWLEAD HOLDINGS: Perian Salviola Reports 8.7% Stake as of Sept. 2
NIGHTINGALE HOME: Wants Plan Exclusivity Extended to Nov. 7
NOVELIS CORP: Moody's Assigns B2 Rating to Notes Offering
OAK CREEK: Seeks Sept. 19 Exclusive Plan Filing Period Extension

PARADIGM EVERGREEN: Wants Exclusive Plan Filing Period Extension
PETROLEX MANAGEMENT: Court Authorizes Cash Collateral Use
PHARMACYTE BIOTECH: Incurs $1.03M Net Loss in July 31 Quarter
PHOTOMEDEX INC: To Acquire Neova Skincare Business for $1.8-Mil.
PICO HOLDINGS: Bloggers Find Workaround To John Hart Bonus Plan

RYCKMAN CREEK: Has Until October 29 to File Chapter 11 Plan
SCOTT SWIMMING: Has Until Sept. 30 to Use Cash Collateral
SHAHID CHAUDRY: Unsecured Creditors to Get 11% Under Plan
SM ENERGY: Moody's Gives B3 Rating to New $500MM Sr. Unsec. Notes
SNAP INTERACTIVE: Maturing Notes Raises Going Concern Doubt

SNEED SHIPBUILDING: Court Extends Plan Filing Period Until Oct. 1
SUGARMADE INC: MJF & Associates Raises Going Concern Doubt
TALBOT ENTERPRISES: Has Until October 7 to File Chapter 11 Plan
TEGNA INC: Moody's Puts Ba1 CFR on Review for Downgrade
TENDER LOVING: Disclosures Conditionally OK'd; Sept. 29 Hearing

THIRTEEN EAST: Seeks Authorization to Use Cash Collateral
TOWERSTREAM CORP: Losses from Operations Cast Going Concern Doubt
UBB PROJECT: Hires Portilla as Substitute Counsel
UCI INTERNATIONAL: Claims Bar Date Set for September 30
VDH DEVELOPMENT: David Goodrich Appointed as Ch. 11 Trustee

VEGAS MANAGEMENT: Can Use L.V. Liquor's Cash Collateral
VERIFONE INC: Moody's Says Ba2 Rating Unaffected By Drop in Revenue
WALTER INVESTMENT: Moody's Cuts Corporate Family Rating to Caa1
WAYZATA-ROCHESTER 16: Can Use Access Point Cash Until Oct. 31
WAYZATA-ROCHESTER 16: Can Use Cash Collateral on Interim Basis

WESTECH CAPITAL: Ch. 11 Trustee Wants Until Oct. 30 to File Plan
WILLIAM BEDDIE: Modifies Plan of Reorganization
ZIO'S RESTAURANT: Case Summary & 30 Largest Unsecured Creditors
ZIO'S RESTAURANT: Files for Ch. 11 Bankruptcy to Close 5 Stores
ZIO'S RESTAURANT: Hurt by Oil Bust, Files for Bankruptcy

ZIO'S RESTAURANT: Seeks Extension of Deadline to File Schedules
[*] August Business Filings Increase 28% from Previous Year
[*] Renovo Capital Sells Interests in Renwood Mills

                            *********

1733 27TH ST SE: Hires William C Johnson, Jr. as Counsel
--------------------------------------------------------
1733 27th St. SE, LLC seeks authorization from the U.S. Bankruptcy
Court for the District of Columbia to employ William C. Johnson,
Jr., Esq., as counsel.

The Debtor requires William C. Johnson, Jr., to:

      a. advice and counsel concerning compliance with the
requirements of Chapter 11;

      b. prepare any necessary amendments to the debtor's schedules
of assets and liabilities, statement of financial affairs, and
related documents as appropriate;

      c. represent the debtor in possession in all contested
matters;

      d. represent as appropriate in any related matters in other
Courts;

      e. advice and counsel concerning the structure of a plan and
any required amendments thereto;

      f. advice concerning the feasibility of confirmation of a
plan and represent in connection with the confirmation process;

      g. liaise, consult, and where appropriate, negotiate with
creditors and other parties in interest;

      h. review relevant financial information;

      i. review claims with a view to determining which claims are
allowable and in what amounts;

      j. prosecute claims objections, as appropriate;

      k. represent at the section 341 meeting of creditors and at
any hearings or status conferences in court; and

      l. represent as may be necessary and appropriate to the
case.

The Debtor will compensate Mr. Johnson his regular hourly fee of
$305.

Debtor entered a retainer agreement with attorney William Johnson
with the initial retainer for post petition services and expenses
in the amount of $8,283.00.

As of August 15, 2016, the debtor's managing-member, Kevin Green,
paid the initial retainer in the amount of $283.00 to secure the
payment of post-petition fees and expenses. The debtor's
managing-member, Kevin Green, paid the filing fee in the amount of
$1,717.00 on the behalf of the debtor.

William C. Johnson, Jr., of Law offices of William C. Johnson, Jr.,
assured the Court that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code and does
not represent any interest adverse to the Debtor and its estates.

William C. Johnson, Jr. may be reached at:

      William C. Johnson, Jr., Esq.
      1101 15th St., NW, Suite 203
      Washington DC 20005
      Tel: (202)525-2958

           About 1733 27th St. SE



1733 27th St. SE, LLC filed a chapter 11 petition (Bankr.
D.D.C. Case No. 16-00403) on Aug. 16, 2016.  The Debtor is
represented by William C. Johnson, Jr., Esq., at the Law Office of
William Johnson.

The Debtor's assets and liabilities are both below $1 million.



2 BROKE LLC: Taps Murphy Law Offices as Legal Counsel
-----------------------------------------------------
2 Broke, LLC seeks approval from the U.S. Bankruptcy Court for the
District of Montana to hire legal counsel in connection with its
Chapter 11 case.

The Debtor proposes to hire Murphy Law Offices PLLC to provide
legal services, which include the preparation of a bankruptcy plan
and negotiations with creditors.

Edward Murphy, Esq., at Murphy Law Offices, will be paid $200 per
hour for his services, and will receive reimbursement for
work-related expenses.

In a court filing, Mr. Murphy disclosed that he is a "disinterested
person" as defined in section 101(14) of the Bankruptcy Code.

Mr. Murphy's contact information is:

     Edward A. Murphy, Esq.
     Murphy Law Offices PLLC
     P.O. Box 2639
     Missoula, MT 59806
     Voice: 406-728-2671
     Fax: 866-705-2260
     Email: rusty@murphylawoffices.net

                        About 2 Broke LLC

2 Broke, LLC sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. Mont. Case No. 16-60852) on August 25, 2016.


2204 PROUT ST SE: Hires William C Johnson, Jr. as Counsel
---------------------------------------------------------
2204 Prout St. SE LLC seeks authorization from the U.S. Bankruptcy
Court for the District of Columbia to employ William C. Johnson,
Jr., Esq., as counsel.

The Debtor requires William C. Johnson, Jr., to:

      a. advice and counsel concerning compliance with the
requirements of Chapter 11;

      b. prepare any necessary amendments to the debtor's schedules
of assets and liabilities, statement of financial affairs, and
related documents as appropriate;

      c. represent the debtor in possession in all contested
matters;

      d. represent as appropriate in any related matters in other
Courts;

      e. advice and counsel concerning the structure of a plan and
any required amendments thereto;

      f. advice concerning the feasibility of confirmation of a
plan and represent in connection with the confirmation process;

      g. liaise, consult, and where appropriate, negotiate with
creditors and other parties in interest;

      h. review relevant financial information;

      i. review claims with a view to determining which claims are
allowable and in what amounts;

      j. prosecute claims objections, as appropriate;

      k. represent at the section 341 meeting of creditors and at
any hearings or status conferences in court; and

      l. represent as may be necessary and appropriate to the
case.

The Debtor will compensate Mr. Johnson his regular hourly fee of
$305.

Debtor entered a retainer agreement with attorney William Johnson
with the initial retainer for post petition services and expenses
in the amount of $8,283.00.

As of August 15, 2016, the debtor's managing-member, Kevin Green,
paid the initial retainer in the amount of $283.00 to secure the
payment of post-petition fees and expenses. He also paid the filing
fee in the amount of $1,717.00 on the behalf of the debtor.

William C. Johnson, Jr., of Law offices of William C. Johnson, Jr.,
assured the Court that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code and does
not represent any interest adverse to the Debtor and its estates.

William C. Johnson, Jr. may be reached at:

      William C. Johnson, Jr., Esq.
      1101 15th St., NW, Suite 203
      Washington DC 20005
      Tel: (202)525-2958

2204 Prout St. SE, LLC filed a Chapter 11 petition (Bankr. D.D.C
Case No. 16-00404) on August 11, 2016, listing under $1 million in
assets and liabilities.


414 420 EQ7: Sept. 28 Disclosure Statement Hearing
--------------------------------------------------
414/420 EQ7, LLC, filed with the U.S. Bankruptcy Court for the
Central District of California a disclosure statement describing
the Debtor's plan of reorganization.

Holders Class 4 - General Unsecured Claims are not expected to
receive anything under the Plan.  There are no unsecured claims in
the case.

The Plan will be funded by means of a proposed sale of the two
townhome properties.

Greg Mellinger, the sole manager and member of the Debtor, is the
interest holder.  He will be the disbursing agent under the Plan.

A hearing on the Disclosure Statement is scheduled for Sept. 28,
2016, at 10:00 a.m.

The Disclosure Statement is available at:

           http://bankrupt.com/misc/cacb16-16303-30.pdf

                       About 414/420 EQ7

414/420 EQ7, LLC, filed for bankruptcy protection (Bankr. C.D.
Cal.
Case No. 16-16303) on May 12, 2016.  The petition was signed by
Greg Mellinger, manager.

Philip D. Dapeer, Esq., at Philip Dapeer A Law Corporation serves
as the Debtor's counsel.

The Debtor estimated assets of $500,001 to $1,000,000 and estimated
debts of $500,001 to $1,000,000.


7 BAY CORP: Court Moves Exclusive Solicitation Period to Nov. 30
----------------------------------------------------------------
Judge Frank J. Bailey of the U.S. Bankruptcy Court for the District
of Massachusetts extended 7 Bay Corp's exclusive period to obtain
acceptances of a Plan of Reorganization through and including Nov.
30, 2016.

As reported by the Troubled Company Reporter, the Debtor has asked
the Court to extend the time within which it has the exclusive
right to obtain acceptances of a Plan of Reorganization for it has
agreed to amend its Disclosure Statement and Plan after its senior
secured lender, UB Properties, LLC, and the U.S. Trustee have
expressed several objections to the Disclosure Statement and Plan
of Reorganization filed on June 14, 2016.


                                    About 7 Bay Corp

7 Bay Corp, based in Hull, Massachusetts, filed a Chapter 11
petition (Bankr. D. Mass. Case No. 15-14885) on Dec. 17, 2015.
Judge Frank J. Bailey presides over the case.  John M. McAuliffe,
Esq., at MCAULIFFE & ASSOCIATES, P.C., serves as the Debtor's
counsel.  In its petition, 7 Bay estimated $1 million to $10
million in both assets and liabilities.  The petition was signed by
Steven Buckley, president.


ABEINSA HOLDING: Claims Bar Date Set for September 26
-----------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware set Sept.
26, 2016, at 5:00 p.m. (EDT) as the deadline for persons to file
proofs of claim against Abeinsa Holding Inc. and its
debtor-affiliates.

The Court also set Nov. 7, 2016, at 5:00 p.m. (EDT) as last day for
governmental units to file their claims against the Debtors.

For more detailed information regarding who must file a proof of
claim or administrative claim and the specific requirements
regarding the filing of a proof of claim or administrative claim,
contact:

a) the Debtors' attorneys, DLA Piper LLP (US) at (302) 468-5700,

b) the Debtors' claims agent, Prime Clerk LLC at (855) 650-7243,
or

c) visit the case website maintained by Prime Clerk at
http://cases.primeclerk.com/Abeinsa.

                      About Abeinsa Holding

Abeinsa Holding Inc., Abengoa Solar LLC, Abeinsa EPC LLC, Abencor
USA, LLC, Nicsa Industrial Supplies LLC, Abener Construction
Services LLC, Abeinsa Abener Teyma General Partnership, Abener
Teyma Mojave General Partnership, Abener Teyma Inabensa Mount
Signal Joint Venture, Teyma USA & Abener Engineering and
Construction Services General Partnership, Teyma Construction USA,
LLC, Abener North America Construction L.P., and Inabensa USA, LLC
filed Chapter 11 bankruptcy petitions (Bankr. D. Del. Lead Case No.
16-10790) on March 29, 2016.  The petitions were signed by Javier
Ramirez as treasurer.  They listed $1 billion to $10 billion in
both assets and liabilities.

Abener Teyma Hugoton General Partnership and five other entities
filed separate Chapter 11 petitions on April 6, 2016; and Abengoa
US Holding, LLC, Abengoa US, LLC and Abengoa US Operations, LLC
filed Chapter 11 petitions on April 7, 2016.  The cases are
consolidated under Lead Case No. 16-10790.

DLA Piper LLP (US) represents the Debtors as counsel.  Prime Clerk
serves as the Debtors' claims and noticing agent.

Andrew Vara, acting U.S. trustee for Region 3, appointed five
creditors of Abeinsa Holding Inc. and its affiliates to serve on
the official committee of unsecured creditors.

The Abeinsa Committee is represented by MORRIS, NICHOLS, ARSHT &
TUNNELL LLP's Robert J. Dehney, Esq., Andrew R. Remming, Esq., and
Marcy J. McLaughlin, Esq.; and HOGAN LOVELLS US LLP's Christopher
R. Donoho, III, Esq., Ronald J. Silverman, Esq., and M. Shane
Johnson, Esq.


ADVANCED BIOMEDICAL: Court Rejects Amended Disclosure Statement
---------------------------------------------------------------
Judge Mark S. Wallace of the U.S. Bankruptcy Court for the Central
District of California issued an order on Sept. 6, 2016,
disapproving the second amended disclosure statement explaining
Advanced Biomedical, Inc.'s plan, and sustained the U.S. Trustee's
objection to the Disclosure Statement.

Judge Wallace deemed the objection of Specialty Laboratories as
moot.

A chapter 11 status conference is set for Sept. 14, 2016, at 9:00
a.m. The Debtor is required to file an updated status report.
           
Advanced Biomedical, Inc., dba Pathology Laboratories Services,
Inc., filed a Chapter 11 petition (Bankr. C.D. Calif. Case No.
14-15938) on October 1, 2014, and is represented by Robert Sabahat,
Esq., at Madison Harbor ALC, in Irvine, California.  At the time of
its filing, the Debtor's estimated assets was $100,000 to $500,000
and estimated liabilities was $1 million to $10 million.  The
petition was signed by Cyrus Karimi, president.  The Debtor did not
file a list of its largest unsecured creditors when it filed the
petition.


ADVANCED MICRO: Moody's Affirms Caa1 Corporate Family Rating
------------------------------------------------------------
Moody's Investors Service affirms Advanced Micro Devices, Inc.'s
Caa1 corporate family rating and the Caa2 rating on the senior
unsecured notes, and revised the rating outlook to positive from
negative. The speculative grade liquidity rating is upgraded to
SGL-2 from SGL-3.

The positive outlook reflects AMD's prospects for improved
operating performance and cash generation as well as the improved
product portfolio enabling the company to compete in the current
discrete GPUs (graphics processing unit), APUs (application process
units), x86 and ARM CPUs (central processing unit) market. Moody's
said, "Although we expect ongoing revenue declines and operating
losses in its PC-related business (microprocessors and graphics
chips), the growing EESC (enterprise, embedded, and semi-custom)
business supported by the reported design wins, we project break
even to modest profitability beginning in the second half of
2016."

AMD's proposed equity offering and senior unsecured convertible
debt issuance, with proceeds used to repay debt, will also bolster
the company's balance sheet, reduce interest expense, and improve
AMD's term structure of debt. As part of the transaction, Moody's
expects the company will significantly reduce a combination of
borrowings under its asset based lending facility as well as senior
unsecured notes.

RATINGS RATIONALE

The Caa1 corporate family rating reflects AMD's challenges in
achieving and sustaining profitability across its product portfolio
where it competes with stronger players such as Intel and Nvidia.
Moody's said, "Despite these ongoing competitive challenges, AMD
has made progress over the last few quarters in terms of design
wins and market share gains, which we believe will contribute to
improved performance over the next year, including operating
profitability and modestly positive free cash flow. We project
steady to slightly higher revenue in 2016 and 2017 with operating
profit developing over the next year as profitable growth in the
semi-custom business offsets the moderating losses in the company's
personal computer related microprocessor and graphics chip segment.
Given the previously reported three large design wins of
approximately $1.5 billion over three to four years, it should
enable the company to modestly build revenue beginning in the
second half of 2016 and offset losses in the rest of its business.
AMD has good liquidity with $957 million of cash and marketable
securities as of June 25, 2016 (88% held domestically)."

AMD's SGL-2 rating reflects its improving liquidity position. AMD
reported $957 million of cash and marketable securities as of June
25, 2016 (88% held domestically), up from $785 million at December
26, 2015. The increase in cash is primarily contributed by the
proceeds of approximately $351 million from the sale of the equity
interests in the ATMP JV, and the formation of the China JV with
Tianjin Haiguang Advanced Technology Investment Co., Ltd. (THATIC),
in which AMD licensed certain IP to the JV for approximately $293
million in license fees over several years. AMD also maintains a
$500 million asset based revolving credit facility (ABL) under
which $226 million was drawn as of June 25, 2016, but will be fully
repaid following the proposed convertible debt issuance. With cash
balances, access to the ABL, and no material debt maturities until
May 2019, AMD has solid liquidity. As part of the Wafer Supply
Agreement with GLOBALFOUNDRIES announced on August 31, 2016, AMD
will make four $25 million payments beginning in the fourth quarter
of 2016 through third quarter of 2017. Moody's said, "We expect
AMD's cash balance in the first half of 2017 to be at least $900
million.”

Ratings affirmation:

   -- Corporate family rating at Caa1

   -- Probability of default rating at Caa1-PD

   -- $600 million senior unsecured notes due 2019 at Caa2 (LGD4)

   -- $450 million senior unsecured notes due 2020 at Caa2 (LGD4)

   -- $475 million senior unsecured notes due 2022 at Caa2 (LGD4)

   -- $500 million senior unsecured notes due 2024 at Caa2 (LGD4)

Ratings upgraded:

   -- Speculative grade liquidity rating to SGL-2 from SGL-3

Outlook:

   -- Changed to positive from negative

The rating could be upgraded if AMD is able to sustain revenue
growth with Moody's adjusted operating margins above 4%, while
achieving positive free cash flow and maintaining cash and liquid
investments in excess of $1 billion.

The rating could be downgraded if AMD's cash and liquid investments
are likely to drop below $600 million (without raising additional
debt) or if the company is unlikely to achieve breakeven operating
profit and free cash flow over the next year.

The principal methodology used in these ratings was Semiconductor
Industry Methodology published in December 2015.

Advanced Micro Devices, Inc. (AMD) is a fabless semiconductor
company that specializes in microprocessors, graphics processing
units and semi-custom and embedded processors. Moody's said, "We
expect AMD will generate about $4 billion of revenue over the next
year."


AEMETIS INC: Sues EdenIQ Over Breach of Merger Agreement
--------------------------------------------------------
Aemetis, Inc., has filed a suit against EdenIQ, Inc., to require
EdenIQ to fully perform its obligations under a merger agreement.

On April 29, 2016, Aemetis and EdenIQ entered into the Agreement
and Plan of Merger providing for the acquisition of all outstanding
shares of EdenIQ by the Company.  As required by the Merger
Agreement, majority shareholder approval was obtained by EdenIQ
from its shareholders.

On July 22, 2016, the Company provided notice to EdenIQ that EdenIQ
had breached the Merger Agreement by failing to also request and
obtain from its shareholders an election of stock and cash
consideration required to be delivered to the Company two days
prior to closing of the Merger Agreement.

On Aug. 29, 2016, the Company received a notice from EdenIQ that
purported to terminate the Merger Agreement.  The Company believes
that the notice is not effective due to the prior breach of the
Merger Agreement by EdenIQ.

                       About Aemetis

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

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

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


AIR CANADA: Moody's Rates New Secured Debt Issues 'Ba3'
-------------------------------------------------------
Moody's Investors Service assigned Ba3 first lien senior secured
ratings to Air Canada's proposed US$720 million Term Loan B due
2023 and its proposed US$300 million first lien senior secured
revolving credit facility. Air Canada's B1 corporate family, B1-PD
probability of default and SGL-2 speculative grade liquidity
ratings remain unchanged. The ratings outlook remains positive.

Assignments:

   Issuer: Air Canada

   -- Senior Secured Bank Credit Facility, Assigned Ba3(LGD3)

Proceeds from the new debt issues, and C$300 million in additional
secured debt, will be used to refinance Air Canada's existing
US$300M first lien Term Loan B; its US$400M 6.75% first lien senior
secured notes; its C$300M 7.625% first lien senior secured notes;
and its US$300M 8.75% second lien senior secured notes. The
associated Ba3 ratings on the existing first lien secured debt
issues and the B2 rating on the second lien secured debt will be
withdrawn if the new transaction closes and the existing debt is
fully repaid. The new debt will be secured by a diverse collateral
package that includes, certain owned real property, certain Pacific
routes and related gate leaseholds and landing slots, landing slots
at London's Heathrow, New York's LaGuardia and Washington's Reagan
airports and ground equipment. The engines and accounts receivable
currently pledged as collateral under the existing debt, will not
be part of the new collateral package for the proposed debt.

RATINGS RATIONALE

"Air Canada's B1 corporate family rating (CFR) primarily reflects
its strong market position in the duopolistic Canadian market, our
expectation that adjusted debt/EBITDA will remain around 4x, aided
by low fuel prices and strong load factors even while rapidly
increasing capacity," Moody's said. This is offset by high (but
improving) operating costs as a legacy carrier and our expectation
that its substantial capital commitments will result in negative
free cash flow generation over the next few years, though this
could be mitigated by sale leaseback transactions that are planned
by the airline. The rating also reflects foreign exchange
volatility, exposure to fuel costs and the risk of market capacity
additions exceeding demand.

The positive outlook balances Moody's expectation that Air Canada
could maintain leverage below 4x against a large capital spend
program (aircraft order book will likely be funded largely with new
debt), market capacity additions and economic headwinds in Canada.

An upgrade could occur if Air Canada effectively executes its
expansion plans and cost reduction initiatives while sustaining
adjusted Debt/EBITDA below 4x and EBIT/Interest above 2.5x.
Downward rating pressure could occur if Air Canada sustains
adjusted Debt/EBITDA above 5x and EBIT/Interest towards 1.5x.
Deterioration in liquidity could also cause a downgrade.

The principal methodology used in these ratings was Global
Passenger Airlines published in May 2012.


ALL PHASE STEEL: Has Until Sept. 30 to Use Cash Collateral
----------------------------------------------------------
Judge Julie A. Manning of the U.S. Bankruptcy Court for the
District of Connecticut authorized All Phase Steel Works, LLC, to
use cash collateral.

The Debtor has the following secured creditor claims:

     (1) The Internal Revenue Service, which contends that it is
owed $895,000.  The IRS filed liens prepetition on the Debtor's
assets for withholding taxes and other federal taxes owed.

     (2) CapCall LLC, which contends that it is owed $294,067.
Prior to the Petition Date, CapCall provided the Debtor with a
credit facility secured by liens and/or security interests in
substantially all of the Debtor's assets.

     (3) Superior Capital, which contends that it is owed
$69,147.75.  Prior to the Petition Date, Superior Capital provided
the Debtor with a credit facility secured by liens and/or security
interests in substantially all of the Debtor's assets.

     (4) Corporate Service Co., as representative of an unknown
principal, which has a lien filed of record.

     (5) Metal Perreault Inc., which contends that it is secured in
the amount of $225,000 as to certain specific account receivables.

     (6) Allegheny Casualty Company, which issued surety bonds to
the Debtor in regard to 11 of its projects, and claims a priority
to undisbursed contract funds from the bonded projects.

The Debtor represented that it has an immediate and continuing need
to use pre-petition collateral and the proceeds thereof
consitituting cash collateral, in order to continue the operation
of, and avoid immediate and irreparable harm to its business, and
to maintain and preserve the going concern value.

The approved Budget for the month of September provides for total
expenses in the amount of $186,000.

The IRS and CapCall were granted postpetition claims against the
Debtor's estate, which has priority in payment over any other
indebtedness and/or obligations, and over all administrative
expenses or charges against property.  The IRS and CapCall were
also granted replacement liens in the Debtor's post-petition
assets, equivalent in nature, priority and extent to their
respective liens and security interests in the pre-petition
collateral and the proceeds and products thereof, subject to the
Carve-Out.

Allegheny Casualty was, among others, granted the right to monitor
the Debtor's compliance by reasonable access to the Debtor's books
and records.

The Debtor's authority to use Cash Collateral will expire on the
earlier of:

     (a) Sept. 30, 2016; or

     (b) The date on which the Debtor fails in any material respect
to comply with the terms, conditions or provisions of the Court's
Order.

The Carve-Out consists of:

     (a) the allowed administrative claims of attorneys and other
professionals retained by the Debtor in the Case, in the aggregate
amount of $35,000.00;

     (b) amounts payable pursuant to 28 U.S.C. Section 1930(a)(6);
and

     (c) any wages owed for the period covered by the Court's
Order.

A further hearing on the continued use of cash collateral is
scheduled on Sept. 27, 2016 at 3:00 p.m.  The deadline for the
filing of objections to the continued use of cash collateral is set
on Sept. 23, 2016 at 4:00 p.m.

A full-text copy of the Order, dated Aug. 31, 2016, is available at
https://is.gd/HltcXd

                 About All Phase Steel Works

All Phase Steel Works, LLC, filed a chapter 11 petition (Bankr. D.
Conn. Case No. 16-50257) on Feb. 23, 2016.  The petition was signed
by Paul J. Pinto, member/manager.  The Debtor is represented by
James M. Nugent, Esq., at Harlow, Adams & Friedman, P.C.  The case
is assigned to Judge Julie A. Manning.  The Debtor disclosed total
assets at $2.65 million and total liabilities at $4.08 million at
the time of the filing.


ARGENT ENERGY: Claims Bar Date Set for September 30
---------------------------------------------------
The Court of Queen's Bench of Alberta ordered all holders of claims
against the directors and officers of Argent Energy Limited et al.
to file proofs of claim no later than 5:00 p.m. (prevailing
Mountain Time) on Sept. 30, 2016.

Claimants may obtain the claims procedure order and proof of claim
document package at
http://cfcanada.fticonsultign.com/argent/default.htm,or by
contacting FTI Consulting Inc. at 403-454-6031 or 403-454-6032.

                        Argent Energy

Argent Energy (Canada) Holdings, Inc. and Argent Energy (US)
Holdings, Inc. on Feb. 19, 2016, through FTI Consulting, Inc., as
monitor and foreign representative, filed petitions Chapter 15 of
the Bankruptcy Code (Bankr. S.D. Tex. Case Nos. 16-20060 and
16-20061, respectively) after failing to repay $51.9 million under
a credit facility dated as of Oct. 25, 2012, with a lending
syndicate comprised of The Bank of Nova Scotia, Canadian Imperial
Bank of Commerce, Royal Bank of Canada, and Wells Fargo Bank, N.A.,
Canadian Branch, with The Bank of Nova Scotia as administrative
agent.

Contemporaneously with the filing of the Chapter 15 petitions, the
Debtors, through FTI Consulting Canada Inc., in its capacity as the
court-appointed monitor and authorized foreign representative,
filed a motion asking the U.S. Bankruptcy Court to recognize in the
United States a proceeding pending in the Court of Queen's Bench of
Alberta, Judicial Centre of Calgary under the Companies' Creditors
Arrangement Act.  

Argent Canada and Argent US, owners of interests in oil and gas
assets in Texas, Wyoming, and Colorado, are part of a group of
companies who have been granted protection under the CCAA.  The
Canadian Court has appointed FTI as the monitor and authorized
foreign representative of the Debtors.  

As part of the restructuring process in the Canadian Proceeding and
these related Chapter 15 cases, the Debtors intend to sell their
assets through a court-supervised procedure.  On Feb. 17, 2016, the
Canadian Court granted an initial order, among other things,
imposing a stay in Canada prohibiting any proceeding or enforcement
process against the Canadian Debtors or their assets and approving
a sale solicitation process for the marketing and sale of Argent's
assets.


AUGUSTOS CUISINE: Disclosures OK'd; Plan Hearing on Oct. 17
-----------------------------------------------------------
The Hon. Enrique S. Lamoutte Inclan of the U.S. Bankruptcy Court
for the District of Puerto Rico has approved the disclosure
statement filed by Augustos Cuisine Corporation.

A hearing for the consideration of confirmation of the Plan will be
held on Oct. 17, 2016, at 9:30 a.m.

The Debtor filed the Disclosure Statement on July 8, 2016.

Objections to claims must be filed 45 days prior to the hearing on
confirmation.  The Debtor will include in its objection to claim a
notice that if no response to the objection is filed within 30
days, the motion will be considered and decided without the actual
hearing.

Acceptances or rejections of the Plan must be filed on or before 14
days prior to the date of the hearing on confirmation of the Plan.

Any objection to confirmation of the Plan must be filed on or
before 21 days prior to the date of the hearing on confirmation of
the Plan.

The Debtor will file with the Court a statement setting forth
compliance with each requirement in Section 1129, the list of
acceptances and rejections and the computation of the same, within
seven working days before the hearing on confirmation.

Augustos Cuisine Corporation filed for Chapter 11 bankruptcy
protection (Bankr. D. P.R. Case No. 15-09390).


AUTOMART INC: Wants Until Jan. 31 to Solicit Plan Acceptances
-------------------------------------------------------------
The Automart, Inc. asks the U.S. Bankruptcy Court for the Central
District of California to extend its exclusive period to solicit
acceptances to its plan to January 31, 2017.

The Debtor filed a plan and an accompanying disclosure statement on
September 2, 2016.  The Debtor currently has until December 2, 2016
to solicit acceptances to its plan.   

The Debtor tells the Court that its plan provides for its
recapitalization, incorporating an agreed-upon plan treatment for
its secured creditors and others.  The Debtor believes that the
lone substantive objector will be West Marine, Inc.  The Debtor
hopes to use the additional time resulting from the requested
extension to engage West Marine in discussions, which ideally will
lead to a consensual plan and perhaps even a resolution of the
litigation between them.  The Debtor contends that it does not want
to be under the threat of an impending plan by West Marine.

                      About The Automart, Inc.

The Automart, Inc., filed for Chapter 11 bankruptcy protection
(Bankr. C.D. Cal. Case No. 16-11670) on June 5, 2016.  The petition
was signed by Scott Spiegel, president.  The Debtor estimated
assets and liabilities at $500,001 to $1 million at the time of the
filing.

The Debtor is represented by Blake J. Lindemann, Esq., at Lindemann
Law Firm.  It hired Shenson Law as special litigation counsel.



BGM PASADENA: Oct. 19 Confirmation Hearing on Cantor-Proposed Plan
------------------------------------------------------------------
Cantor Group, LLC, a senior secured creditor of BGM Pasadena, LLC,
will ask on Oct. 19, 2016, at 10:00 a.m., the U.S. Bankruptcy Court
for the Central District of California to approve the disclosure
statement explaining the Chapter 11 plan of reorganization it
proposed for the Debtor.

Cantor Group is represented by:

     David S. Kupetz, Esq.
     Asa S. Hami, Esq.
     Jessica L. Vogel, Esq.
     SULMEYERKUPETZ, APC
     333 South Hope Street, Thirty-Fifth Floor
     Los Angeles, CA 90071-1406
     Tel: 213.626.2311
     FaX: 213.629.4520
     Email: dkupetz@sulmeyerlaw.com
            ahami@sulmeyerlaw.com
            jvogel@sulmeyerlaw.com

                        About BGM Pasadena

BGM Pasadena, LLC, a single asset real estate, filed Chapter 11
bankruptcy petition (Bankr. C.D. Cal. Case No. 15-27833) on Nov.
20, 2015.  Greg Galletly, the manager, signed the petition.  The
Debtor estimated assets in the range of $10 million to $50 million
and liabilities of at least $1 million.  James A. Tiemstra, Esq.,
and Lisa Lenherr, Esq., at Tiemstra Law Group PC, in Oakland,
California, serve as counsel to the Debtor.  Judge Richard M Neiter
has been assigned the case.


BRIDGELINE DIGITAL: Needs to Restructure Debt to Support Operations
-------------------------------------------------------------------
Bridgeline Digital, Inc., filed its quarterly report on Form 10-Q,
disclosing a net loss of $2.03 million on $3.70 million of total
net revenue for the three months ended June 30, 2016, compared with
a net loss of $1.11 million on $4.88 of total net revenue for the
same period last year.

The Company's balance sheet at June 30, 2016, showed $17.30 million
in total assets, $9.06 million in total liabilities, and a
stockholders' equity of $8.24 million.

The Company has made several measures intended to improve its
financial viability.  Beginning in the second half of fiscal 2015,
the Company initiated a restructuring plan that included a
reduction of workforce and office space, which significantly
reduced operating expenses.  The restructuring plan has continued
through June 2016, with a total of $795 charged to restructuring
expense in the nine months ended June 30, 2016.
  
The Company believes that cash generated from operations, the sale
of common stock, the debt restructuring, and expense reductions
will be sufficient to fund the Company's working capital and
capital expenditure needs in the foreseeable future.  Management
plans to contain operating expenses and remain fiscally
responsible, however, there can be no assurances that these
financial measures will be sufficient enough to compensate for any
shortfalls in revenues.  In addition, in order to sustain
operations and cash flows, the Company must be successful in
closing the new bank credit line, as well as, convert a significant
portion of the convertible debt holders to equity. If the Company
is not successful with its debt restructuring plan then it will not
have sufficient cash flows to meet operations and it will have to
renegotiate outstanding debt lines or negotiate new debt
instruments in order to meet cash flow expectations.  There are no
assurances that existing debt holders will be willing or able to
renegotiate new terms or that new debt instruments will be
available.  Such potential adverse events could create substantial
doubts about the Company's ability to fund operations and interrupt
its normal course of business.

A copy of the Form 10-Q is available at:
                              
                       http://bit.ly/2cocRe8

Bridgeline Digital, Inc., is a digital engagement company. The
Company's Bridgeline's iAPPS platform integrates Web Content
Management, e-commerce, e-marketing, Social Media management and
Web Analytics to help marketers deliver online experiences that
engage and convert their customers across all digital channels.
Its Bridgeline's iAPPS platform is combined with its digital
services.


BURCON NUTRASCIENCE: Production Facility to be Commissioned in Q4
-----------------------------------------------------------------
Burcon NutraScience Corporation announced that, Archer Daniels
Midland Company, Burcon's license and production partner for
CLARISOY soy protein, has confirmed plans to achieve full
commercial production of CLARISOY this year.  ADM plans to begin
commissioning the first large-scale CLARISOY production facility at
its North American headquarters in Decatur, Illinois, during the
fourth quarter of 2016.   

"This is a truly significant milestone in the commercialization of
CLARISOY," said Johann Tergesen, Burcon's president and chief
operating officer, adding, "ADM is committing considerable
resources to commercializing CLARISOY and is the ideal partner for
such innovative proteins.  ADM's line of CLARISOY soy proteins is
truly on-trend to meet the demand by consumers for great-tasting,
nutritionally enhanced products targeted to the ever growing number
of health and wellness-minded consumers."

                           About ADM

For more than a century, the people of Archer Daniels Midland
Company (NYSE:ADM) have transformed crops into products that serve
the vital needs of a growing world.  Today, ADM is one of the
world's largest agricultural processors and food ingredient
providers, with more than 32,300 employees serving customers in
more than 160 countries.  With a global value chain that includes
428 crop procurement locations, 280 ingredient manufacturing
facilities, 39 innovation centers and the world's premier crop
transportation network, the Company connects the harvest to the
home, making products for food, animal feed, industrial and energy
uses.

                    About Burcon NutraScience        

Headquartered in Vancouver, Canada, Burcon NutraScience
Corporation has developed a portfolio of composition, application,
and process patents originating from its core protein extraction
and purification technology.  The Company's patented processes
utilize inexpensive oilseed meals and other plant-based sources
for the production of purified plant proteins that exhibit certain
nutritional, functional and nutraceutical profiles.

Burcon NutraScience reported a net loss of C$6.56 million on
C$106,390 of revenue for the year ended March 31, 2016, compared to
a net loss of C$6.57 million on C$105,387 of revenue for the year
ended March 31, 2015.

As of June 30,2016, Burcon had C$5.12 million in total assets,
C$2.45 million in total liabilities and C$2.67 million in
shareholders' equity.


CALIFORNIA RESOURCES: Joined Barclays Energy-Power Conference
-------------------------------------------------------------
Todd Stevens, president and chief executive officer of California
Resources Corporation, attended the Barclay's CEO Energy-Power
Conference in New York, NY, on Sept. 6 to 7, 2016.  The slides
used at the presentation is available at https://is.gd/0Soi7o

                  About California Resources

California Resources Corporation is an independent oil and natural
gas exploration and production company operating properties
exclusively within the State of California.  The Company was
incorporated in Delaware as a wholly-owned subsidiary of Occidental
on April 23, 2014, and remained a wholly-owned subsidiary of
Occidental until the Spin-off.  On Nov. 30, 2014, Occidental
distributed shares of the Company's common stock on a pro rata
basis to Occidental stockholders and the Company became an
independent, publicly traded company, referred to in the annual
report as the Spin-off.  Occidental retained approximately 18.5% of
the Company's outstanding shares of common stock which it has
stated it intends to divest on March 24, 2016.

As of June 30, 2016, California Resources had $6.47 billion in
total assets, $7.52 billion in total liabilities and a total
deficit of $1.04 billion.

The Company reported a net loss of $3.55 billion in 2015, following
a net loss of $1.43 billion in 2014.


CAMINO AGAVE: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Camino Agave, Inc.
        P. O. Box 129
        Floresville, TX 78114

Case No.: 16-52063

Type of Business: Offers equipment and services for drilling
                  operations to the oil field industry in South
                  Texas.

Chapter 11 Petition Date: September 7, 2016

Court: United States Bankruptcy Court
       Western District of Texas (San Antonio)

Judge: Hon. Ronald B. King

Debtor's Counsel: Dean William Greer, Esq.
                  DEAN W. GREER
                  2929 Mossrock, Suite 117
                  San Antonio, TX 78230
                  Tel: 210-342-7100
                  Fax: 210-342-3633
                  E-mail: dwgreer@sbcglobal.net

Total Assets: $17.3 million

Total Liabilities: $10.2 million

The petition was signed by Darren Kolbe, president.

Debtor's List of 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
ShaleSource Funding, LLC                              $2,951,084
724 Grove Street
Fort Worth, TX 76102

ConocoPhillips                      Business Debt     $2,079,402
P. O. Box 2197
Houston, TX 77252-2197

Old Cardinale Capital LLC              Lawsuit          $674,525
c/o Campero Tamez PLLC
315 Calle del Norte Ste. 207
Laredo TX 78041

Directional Drilling Co.             Business Debt      $341,260
c/o Mr. Matias Garcia
3821 Juniper Trace Ste. 108
Austin TX 78738

Scarecrow Transport LLC               Services and      $165,979
                                         Supplies

Backwoods Portables                   Business Debt      $88,824

J. Moss Investments Inc               Services and       $79,757
                                         Supplies

The F&M Bank & Trust Co.                   Loan          $79,184

Frontera Dump Trucks LLC              Services and       $62,030
                                         Supplies

Bowman Energy Services                Services and       $54,914
                                         Supplies

Rush Truck Leasing                     Truck Parts        $43,338
                                       Consignment

Genco Energy Services Inc.            Services and        $32,388
                                        Supplies

AA Trucking LLC                       Services and        $30,998
                                        Supplies

Briggs Equipment                        Supplies          $19,698

Southern Tire Mart LLC                Services and        $17,371
                                        Supplies

4J's Trucking LLC                     Services and        $15,201
                                        Supplies

Outlaw Hauling LLC                    Business Debt       $14,920

South Texas Rock LP                   Services and        $14,824
                                        Supplies

Rudolfo Garza                         Business Debt       $14,645

Bowman Energy Services                Services and        $13,945
                                        Supplies


CLEMENT NWOSU: Disclosures OK'd; Plan Hearing on Oct. 18
--------------------------------------------------------
The Hon. Austin E. Carter of the U.S. Bankruptcy Court for the
Middle District of Georgia has approved the disclosure statement
filed by Clement C. Nwosu.

The Debtor filed on Aug. 15, 2016, the Disclosure Statement
describing the Debtor's Chapter 11 plan.

A hearing to consider the confirmation of the Plan will be held on
Oct. 18, 2016, at 9:30 a.m.

Any objection to the confirmation of the Plan must be filed by Oct.
11, 2016.

Voting creditors and equity security holders should file their
ballots by Oct. 11, 2016.

Clement C. Nwosu filed for Chapter 11 bankruptcy protection (Bankr.
M.D. Ga. Case No. 15-51092) on May 13, 2015.


CNC FABRICATION: Seeks Authorization to Use Cash Collateral
-----------------------------------------------------------
CNC Fabrication and Maintenance Inc. asks the U.S. Bankruptcy Court
for the Northern District of Texas for authorization to use cash
collateral.

The Debtor relates that it is indebted to:

     (1) National Bank of Texas, for three loans totaling
approximately $100,000, which are secured by titles to vehicles.

     (2) Motion Industries, in the approximate amount of $10,808,
plus accrued and unpaid interest, charges, fees and expenses,
pursuant to an Abstract of Judgment, dated May 1, 2013.

     (3) Purvis Industries, in the amount of $53,000, pursuant to a
default judgment.  Purvis Industries has a security interest in a
horizontal blending system.  The Debtor requested Purvis Industries
to repossess its collateral, which has a fair market value of
$140,000.

     (4) Ahern Rentals, in the amount of $42,969, and Sunstate
Rentals, in the amount of $24,800, for equipment that was used in
the construction of the Brookline property.  The creditors are
entitled to a mechanics and materialmen's lien against the
Brookline property.

     (5) By the Debtor's information and belief, Superior Property
Management, in the approximate amount of $9,295, pursuant to a
judgment regarding the lease of employee housing.  The creditor may
have a security interest in all of the Debtor's property, if the
judgment is abstracted.

     (6) Ingram Concrete, Border States Electric, Gray Industrial
Electric, and C&R Sales are entitled to a mechanic's and
materialmen's lien against the Brookline property as they provided
materials, equipment and labor on the Brookline project.

     (7) Johnson County Tax Assessor Collector, in the amount of
$7,609.56, plus accrued and unpaid interest, charges, fees and
expenses.  The creditor is secured by a statutory business personal
property tax lien on substantially all of the Debtor's personal
property.

The Debtor contends that an immediate and critical need exists for
the use of cash collateral, in order to continue its business
operations.  The Debtor further contends that without the use of
cash collateral, it will not be able to pay its payroll and other
direct operating expenses or obtain goods and services needed to
carry on its business.

The Debtor tells the Court that the interest of the secured parties
are adequately protected by the fact that they will retain their
liens and that the Debtor's projected revenue exceeds its expenses
by a safe margin.  The Debtor further tells the Court that it is
confident that it can successfully reorganize is a relatively short
time.

A full-text copy of the Debtor's Motion, dated August 31, 2016, is
available at https://is.gd/LECbQU

CNC Fabrication and Maintenance Inc. is represented by:

          Alice Bower, Esq.
          6241 Camp Bowie Blvd., Suite 300
          Fort Worth, TX 76116
          Telephone: (817) 737-5436
          E-mail: alice@alicebower.com

                About CNC Fabrication and Maintenance

CNC Fabrication and Maintenance Inc. filed a chapter 11 petition
(Bankr. N.D. Tex. Case No. 16-43247-RFN-11) on Aug. 30, 2016.  The
Debtor is represented by Alice Bower, Esq.

The Debtor, a fabrication, maintenance and construction company,
was organized on March 17, 2009, in the State of Texas.  It
operates primarily in the ready to eat food production and oil and
gas production industries, and does custom fabrication for
industrial applications.


COINSTAR LLC: Moody's Assigns B3 Corporate Family Rating
--------------------------------------------------------
Moody's Investors Service assigned a B2 Corporate Family Rating and
B2-PD Probability of Default Rating ("PDR") to Coinstar, LLC
("Coinstar"). Moody's also assigned B1 ratings to the company's
proposed $535 million first lien term loan and $75 million first
lien revolver, as well as a Caa1 rating to the proposed $135
million second lien term loan. The outlook is stable.

Proceeds of the proposed transaction combined with new sponsor
equity will be used to fund the acquisition of the business by
Apollo Global Management, LLC ("Apollo"). In July, Apollo entered
into a definitive agreement to acquire Outerwall Inc. ("Outerwall")
(Ba3, Ratings Under Review), a publicly traded company with 3
primary business segments that include Redbox, Coinstar, and ecoATM
for approximately $1.7 billion. Upon close of the acquisition, and
after a short transition period, it is expected that Coinstar will
operate as a separate company with no guarantees or support
provided by the other Outerwall segments. The purchase of the
Coinstar business has been valued at just under $1 billion and
Moody's estimates pro-forma leverage for the financing in the low-5
times range.

Moody's took the following rating actions today:

   Issuer: Coinstar LLC

   -- Corporate Family Rating, Assigned at B2

   -- Probability of Default Rating, Assigned at B2-PD

   -- $75 million Senior Secured 1st Lien Revolving Credit
      Facility due 2021, Assigned at B1 (LGD3)

   -- $535 million Senior Secured 1st Lien Term Loan due 2023,
      Assigned at B1 (LGD3)

   -- $135 million Senior Secured 2nd Lien Term Loan due 2024,
      Assigned at Caa1 (LGD5)

Outlook, Assigned at Stable

RATINGS RATIONALE

Coinstar's B2 CFR reflects the company's high lease adjusted
leverage pro-forma for the proposed buyout by Apollo. The rating
also reflects Coinstar's small scale and limited track record
operating as a standalone entity, as well as its private equity
ownership which Moody's believes enhances the potential for
aggressive financial policies. The company's product offering is
limited (includes only self-service coin counting machines),
however the product has exhibited stable demand over the last few
years despite softening cash usage trends. The rating is supported
by Moody's expectation for continued stable operating performance
and for the company to maintain a good liquidity profile. It is
also supported by Coinstar's reported market position in the space
and its strong EBITDA margins.

Coinstar's liquidity is good, which reflects Moody's expectation
for meaningfully positive free cash over the next 12-18 months.
“As part of the proposed transaction, all cash will be swept
which could result in modest short term borrowings on the proposed
$75 million 1st Lien Revolver, however going forward we do not
expect Coinstar will rely on the facility given the company's
modest capital spending requirements and expected cash flow
generation.” Moody's said. The term loans are not expected to
contain any financial maintenance covenants, but the revolver is
expected to contain a springing net first lien leverage test which
is tested if borrowings on the facility exceed 30% of revolving
commitments. Moody's does not expect the covenant will be
triggered, but anticipates sufficient cushion if it were tested
based on where the covenants are likely to be set.

The B1 ratings assigned to Coinstar's proposed 1st lien term loan
and revolver are one notch higher than the CFR and reflect their
senior position in the capital structure relative other junior
claims including the proposed $135 million 2nd lien term loan
(rated Caa1), operating leases, and trade payables. The 1st lien
facilities have a first priority lien on substantially all assets
of the company including an equity interest in the borrower and
subsidiary guarantors. The 2nd lien term loan has a 2nd priority
lien on the same collateral.

The stable outlook reflects Moody's expectation for modest topline
growth and slightly improving EBITDA margins, combined with
positive free cash flow generation that should result in leverage
in the mid-to-high 4 times range over the next 12-24 months with
interest coverage (EBITA/Interest Expense) in the mid-2 times
range.

Ratings could be upgraded if solid operating performance results in
leverage sustained below 4.0 times with interest coverage above 2.5
times. It would also require consistent positive free cash flow and
an expectation that financial policies will support metrics
sustained at these levels.

Ratings could be downgraded if leverage trends towards 6.0 times as
a result of weaker than anticipated operating performance or overly
aggressive financial policies. Interest coverage approaching 1.5
times or significant declines in free cash flow could also result
in a downgrade.

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

Coinstar LLC owns and operates over 20,000 fully automated
self-service coin counting kiosks across the U.S., Canada, Ireland,
and the U.K. and generated revenue of approximately $325 million
for the LTM period ending June 30, 2016. The business is currently
part of Outerwall, Inc., but upon close of the proposed transaction
Coinstar will be owned by Apollo Global Management, LLC.


COMPASSIONATE HEALTH CARE: Plan Confirmation Hearing on Sept. 15
----------------------------------------------------------------
The Hon. Andrew B. Altenburg, Jr., of the U.S. Bankruptcy Court for
the District of New Jersey has conditionally approved the
disclosure statement filed by Compassionate Health Care Inc. A Home
Health Agency.

The Disclosure Statement was filed on Aug. 3, 2016, describing the
Debtor's First Amended Small Business Plan.

A hearing to consider the final approval of the Disclosure
Statement and confirmation of the Plan will be held on Sept. 15,
2016, at 2:00 p.m.

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

           About Compassionate Health Care

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


CONDADO RESTAURANT: Wants Sept. 26 Plan Filing Period Extension
---------------------------------------------------------------
Condado Restaurant Group, Inc. and Restaurant Associates of Puerto
Rico, Inc. ask the U.S. Bankruptcy Court for the District of Puerto
Rico to extend their exclusivity period for submitting a disclosure
statement and plan of reorganization to September 26, 2016, and
their period for soliciting acceptances to their plan to November
25, 2016.

The Debtors relate that the Court had previously extended their
exclusivity period to September 6, 2016.

The Debtors tell the Court that they had been working diligently to
prepare their disclosure statement and plan of reorganization.
They further tell the Court that due to some calculations that are
still being worked on by their financial team, including priority
tax claims, and their projections, they will not be able to file
their disclosure statement and plan of reorganization on time.

                    About Condado Restaurant Group, Inc.

Condado Restaurant Group, Inc. and Restaurant Associates of Puerto
Rico filed for Chapter 11 bankruptcy protection (Bankr. D. P.R.
Case Nos. 16-01329 and 16-01330) on February 24, 2016.  The
petitions were signed by Dayn Smith, president.  The Debtors cases
were consolidated on May 12, 2016 in lead Case No. 16-01329.

The Debtors are represented by Javier A. Vega Villalba, Esq., at
Weinstein Bacal & Miller, PSC.  The Debtor hired Acosta & RamÃrez
as financial consultant.

Condado Restaurant Group, Inc. estimated assets and liabilities at
between $1 million and $10 million.  Restaurant Associates of
Puerto Rico, Inc. estimated assets at $100,000 to $500,000 and
liabilities at $1 million to $10 million.



CROWN AMERICAS: Moody's Rates New $350MM Unsecured Notes 'Ba3'
--------------------------------------------------------------
Moody's Investors Service assigned a Ba3 rating to the $350 million
Senior Unsecured Notes due 2026 of Crown Americas LLC and a Ba2
rating to the EUR310 million Senior Unsecured Notes due 2024 of
Crown European Holdings SA, both are subsidiaries of Crown
Holdings, Inc. ("Crown"). The company's Ba2 corporate family
rating, Ba2-PD probability of default rating and other instrument
ratings were unchanged (see rating detail below). The Ba2 rating
for the Senior Unsecured Notes at Crown European Holdings SA is one
notch higher than the Ba3 rating for the Senior Unsecured Notes at
Crown Americas LLC because the former will be unconditionally
guaranteed on an unsecured basis by US domestic and certain foreign
subsidiaries while the latter is guaranteed only by US domestic
subsidiaries. The proceeds from the new senior notes, along with
$10 million cash from the balance sheet, will be used to partially
repay term loan A as well as pay fees and expenses related to the
transaction. The ratings outlook is stable.

Moody's took the following actions:

   Crown Holdings, Inc.

   -- Unchanged Corporate Family Rating, Ba2

   -- Unchanged Probability of Default Rating, Ba2-PD

   -- Unchanged Speculative Grade Liquidity Rating, SGL-2

   Crown Americas LLC

   -- Unchanged $450 million Senior Secured US Revolving Credit
      Facility due December 2018, Baa3 (LGD 2)

   -- Unchanged $1,125 million Senior Secured Term Loan A due
      December 2018, Baa3 (LGD 2)

   -- Unchanged $362 million Senior Secured Farm Credit Term Loan
      due December 2019, Baa3 (LGD 2)

   -- Unchanged $1,000 million 4.50% Backed Senior Unsecured Notes

      due January 2023, Ba3 (LGD 5)

   -- Assigned $350 million Senior Unsecured Notes due 2026, Ba3
      (LGD 5)

   Crown Cork & Seal Company, Inc.

   -- Unchanged $150 million 7.50% Backed Senior Unsecured Notes
      due December 2096, B1 (LGD 6)

   -- Unchanged $350 million 7.375% Backed Senior Unsecured Notes
      due December 2026, B1 (LGD 6)

   Crown European Holdings S.A.

   -- Unchanged $700 million European Revolving Credit Facility
      due December 2018, Baa3 (LGD 2)

   -- Unchanged €700 million Senior Secured Term Loan A due
      December 2018, Baa3 (LGD 2)

   -- Unchanged €650 million 4.0% Senior Unsecured Notes due July

      2022, Ba2 (LGD 3)

   -- Unchanged €600 million 3.375% Backed Senior Unsecured Notes

      due May 2025, Ba2 (LGD 3)

   -- Assigned €310 million Senior Unsecured Notes due 2024, Ba2

      (LGD3)

   Crown Metal Packaging Canada LP

   -- Unchanged $50 million Canadian Revolving Credit Facility due

      December 2018, Baa3 (LGD 2)

The ratings outlook is stable.

The ratings are subject to the receipt and review of final
documentation.

RATINGS RATIONALE

Crown's Ba2 Corporate Family Rating reflects the company's position
in an oligopolistic industry, relatively stable end markets and
improved profitability. The rating is also supported by the high
percentage of business under contract with strong raw material cost
passthrough provisions, higher margin growth projects in emerging
markets and good liquidity. Crown's broad geographic exposure,
including a high percentage of sales from faster growing emerging
markets, is both a benefit and a source of some potential
volatility.

The rating is constrained by the company's concentration of sales,
exposure to weak international markets, especially Europe, and
risks inherent in its strategy to grow in emerging markets. The
rating is also constrained by the ongoing asbestos liability and
the integration risk of two recent, sizeable acquisitions. The
company has exposure to segments which can be affected by weather
and crop harvests and to mature industry sectors like carbonated
soft drinks. Pro forma for the Empaque acquisition, approximately
59% of sales come from the sale of beverage cans in 2015. All of
Crown's sales are from metal packaging, which may be subject to
substitution with other substrates in certain markets depending on
relative pricing and new technologies.

The ratings outlook is stable. The stable outlook reflects an
expectation that Crown will continue to benefit from the EMPAQUE
acquisition and various productivity and expansion initiatives and
dedicate free cash flow to debt reduction.

The ratings could be downgraded if Crown fails to improve credit
metrics over the intermediate term, there is a deterioration in the
cushion under existing financial covenants, and/or a deterioration
in the competitive or operating environment. Additionally, a
significant acquisition or change in the asbestos liability could
also trigger a downgrade. Specifically, the rating could be
downgraded if adjusted debt-to-EBITDA remained above 4.5 times,
EBITDA interest coverage remained below 4.5 times and/or funds from
operations to debt remained below 14%.

The ratings could be upgraded if Crown achieves a sustainable
improvement in credit metrics within the context of a stable
operating and competitive environment and maintains good liquidity
including sufficient cushion under existing covenants.
Specifically, the ratings could be upgraded if adjusted
debt-to-EBITDA declines to below 4 times, EBITDA interest coverage
improves to over 5.5 times, the EBIT margin remains in the double
digits, and funds from operations to total debt improves to over
17%.

The principal methodology used in these ratings was Packaging
Manufacturers: Metal, Glass, and Plastic Containers published in
September 2015.

Crown Holdings, Inc., headquartered in Philadelphia, Pennsylvania,
is a global manufacturer of steel and aluminum containers for food,
beverage, and consumer products. Revenues for the twelve months
ended June 30, 2016 were approximately $8.5 billion.


DAKOTA PLAINS: Obtains Forbearance Extension Until Sept. 15
-----------------------------------------------------------
Dakota Plains Holdings, Inc., and certain of its subsidiaries
entered into an amendment No. 2 to Forbearance Agreement to amend
the Forbearance Agreement dated as of May 3, 2016, by and among
Dakota Plains Transloading, LLC, Dakota Plains Sand, LLC, Dakota
Plains Marketing, LLC, the Company, DPTS Marketing LLC, Dakota
Petroleum Transport Solutions, LLC and DPTS Sand, LLC, the lenders
from time to time party thereto, and SunTrust Bank, as
administrative agent for the Lenders.

As disclosed in a Form 8-K filed with the Securities and Exchange
Commission, the amendment, among other things, amends the Existing
Forbearance Agreement to extend the forbearance period until
Sept. 15, 2016, and the Company agrees to cooperate with the
financial or restructuring advisor of the Administrative Agent in
the performance of its duties.

                     About Dakota Plains

Headquartered in Wayzata, Minnesota, Dakota Plains Holdings, Inc.,
is an integrated midstream energy company operating the Pioneer
Terminal, with services that include outbound crude oil storage,
logistics and rail transportation and inbound fracturing sand
logistics.  The Pioneer Terminal is located in Mountrail County,
North Dakota, where it is uniquely positioned to exploit
opportunities in the heart of the Bakken and Three Forks plays of
the Williston Basin.  The Williston Basin of North Dakota and
Montana is the largest onshore crude oil production source in North
America where the lack of available pipeline capacity provides a
surplus of crude oil available for the core business of the
Company.  Its frac sand business provides services for UNIMIN
Corporation, a leading producer of quartz proppant and the largest
supplier of frac sand to exploration and production operating
companies in the Williston Basin.

Dakota Plains reported a net loss of $24.96 million in 2015
following net income of $2.25 million in 2014.  As of June 30,
2016, Dakota Plains had $61.6 million in total assets, $93.1
million in total liabilities and a stockholders' deficit of $31.5
million.

"The Company is focused on increasing the throughput and reducing
the expenses at the transloading facility, but the decline in crude
oil prices and contraction of the price spread between Brent and
WTI has materially reduced the revenues that the Company is able to
generate from its transloading operations, which, in turn, has
negatively affected the Company's working capital and income (loss)
from operations.  The potential for future crude oil prices to
remain at their current low levels raises substantial doubt about
the Company's ability to meet its obligations when they come due
and continue as a going concern," the Company stated in its June
30, 2016, quarterly report.


DAVID PAUL PELCIC: Sept. 26 Plan Confirmation Hearing
-----------------------------------------------------
David Paul and Collette Nicole Pelcic filed with the U.S.
Bankruptcy Court for the District of Arizona an amended disclosure
statement explaining their amended plan of reorganization, which
proposes that Holders of Allowed Class IV General Unsecured Claims
will be paid the sum of $4,500 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 Claim’s pro rata share of potential unsecured
claims. Such payments shall be as follows: (i) Year One - $900;
(ii) Year Two - $900; (iii) Year Three - $900; (iv) Year Four -
$900; and (v) Year Five - $900.  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 holder will receive payment on the one year
payment date that falls after its Class IV Claim becomes an Allowed
Claim.  Class IV is impaired.

The Plan will be funded from the Debtors' post-confirmation income
and from the sale of the Residence.  The Debtors have a combined
average monthly income of $7,901.88 and expenses of $6737.64.
Accordingly, the Debtors' monthly net income is $1,164.24.

The Troubled Company Reporter previously reported that the Pelcics
on August 9 received court
approval of the disclosure statement, allowing them to begin
soliciting votes from creditors for their Chapter 11 plan of
reorganization.

The order, issued by the U.S. Bankruptcy Court for the District of
Arizona, set a September 19 deadline for creditors to cast their
votes.  The Debtors are required to file a ballot report by
September 21.

The court will consider confirmation of the plan on September 26,
at 11:00 a.m.  The hearing will take place at Courtroom 603, 6th
Floor, 230 N. First Avenue, Phoenix, Arizona.

Objections to the restructuring plan are due by September 19.

A full-text copy of the Amended Disclosure Statement dated Sept. 6,
2016, is available at http://bankrupt.com/misc/15-14629-133.pdf

                        About The Pelcics

David Paul and Collette Nicole Pelcic sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. D. Ariz. Case No.
15-06323) in 2015.  The case is assigned to Judge Daniel P.
Collins.

Ms. Pelcic had her own law practice in the San Francisco Bay Area
but had to file for bankruptcy as her clients became unable to pay
legal fees as a result of the great recession in 2008.

The Debtors are represented by Thomas H. Allen, Esq., and Khaled
Tarazi, Esq., at Allen Barnes & Jones, PLC, in Phoenix, Arizona.


DELL INC: Moody's Hikes Corporate Family Rating to Ba1
------------------------------------------------------
Moody's Investors Service upgraded Dell Inc.'s corporate family and
probability of default ratings ("CFR" and "PDR", respectively) to
Ba1 and Ba1-PD from Ba2 and Ba2-PD, respectively, following the
close of Dell's acquisition of EMC Corporation ("EMC"). Moody's
also upgraded Dell Inc.'s unsecured notes to Ba2 from Ba3. These
actions conclude the review for upgrade initiated on October 12,
2015 following Dell's announcement that it signed a definitive
agreement to acquire EMC for $24.05 per share in cash in addition
to tracking stock linked to a portion of EMC's economic interest in
the VMware, Inc. The rating outlook is stable.

In addition, Moody's changed the provisional (P)Baa3 ratings on the
senior secured credit facilities (held at Dell International, a
debt issuing subsidiary of Dell Inc., and EMC, as co-issuer) and
first lien notes and (P)Ba2 rating on the unsecured notes, which
were assigned in May and June 2016, to definitive Baa3 ratings and
Ba2 ratings, respectively, in connection with Dell's purchase of
EMC.

Both the secured and unsecured notes were issued at Diamond 1
Finance Corporation ("Diamond 1") and Diamond 2 Finance Corporation
("Diamond 2"). With the closing of the acquisition, Dell
International and EMC, as co-issuers, assumed all of Diamond 1 and
Diamond 2's obligations under these notes. In addition, the ratings
of the credit facilities issued in connection with the Dell LBO in
October 2013 will be withdrawn upon repayment.

RATINGS RATIONALE

The upgrade of the CFR reflects Moody's view that despite the
significant increase in debt and initial leverage, Dell's overall
credit profile will be enhanced with the additional scale of EMC, a
merger that creates the largest private technology company in the
world with projected annual revenues of more than $75 billion.
Moody's believes that Dell and EMC's combined product portfolio of
client, data center, and storage solutions (which includes VMware,
EMC's 81% owned software virtualization subsidiary) will position
Dell to compete effectively in a technology environment shifting to
hybrid cloud computing platforms. While the personal computer
industry will likely continue to see declining unit shipment
volumes over the next several quarters, Moody's anticipates low
single digit market revenue growth for Dell and EMC's server and
storage businesses as enterprises continue to build private cloud
capacity in the data center.

A key driver for the upgrade of the CFR to Ba1 is Michael Dell's
commitment to rapidly de-lever, which Moody's expects will be
driven by net proceeds of at least $8 billion from asset
divestitures (with Dell already announcing sales of its Services
business for over $3 billion and its software unit for an estimated
purchase price of over $2 billion), substantial cost savings and
synergies totaling $2.6 billion, and projected annual free cash
flow nearing $5 billion in calendar year 2017. Similar to what
transpired after the leveraged buyout of Dell in 2013, Moody's
believes that the company will allocate a majority of its cash flow
to debt repayment. Accordingly, Moody's expects that adjusted debt
to EBITDA will decrease to 4x by the end of calendar year 2017 from
about 6x at transaction close.

The Ba1 CFR also incorporates the considerable key man risk
associated with Michael Dell's majority stake and the long term
potential exit of Silver Lake, which may lead to another levering
event. Potential event risk could also arise if Dell is unable to
achieve sustained revenue growth in light of the challenged PC
industry, possible delays with the hardware refresh cycle over the
next year, and the rapidly evolving technology landscape.
Uncertainty over whether the strategic shift to higher margin
enterprise solutions can be achieved organically is a rating
constraint.

The stable outlook is based on Moody's expectation that Dell will
preserve its solid liquidity profile while generating low single
digit revenue growth from its enterprise solutions business with
slightly declining to flat PC revenues through calendar year 2017.
Moody's anticipates that most of the cost synergies will be
achieved over the next year with free cash flow to be used
primarily for debt repayment.

Moody's could upgrade Dell's ratings if the company were to show
sustained annual revenue growth of at least mid-single digits, high
single digit adjusted operating margins, and gross debt to EBITDA
in the mid 2 times range. In addition, financial policies will need
to be very conservative with the risk of a significant levering
event considered remote. The rating could be lowered with sustained
erosion of market share, reported adjusted operating profit margins
lower than 3%, or revenue declines from a contraction of the PC,
server, and storage markets. Also, any indications of a change in
Dell's financial policies, such that gross debt to EBITDA remains
above 4.5 times beyond calendar year 2017 could also pressure the
rating down.

Upgrades:

   Issuer: Dell Inc.

   -- Probability of Default Rating, Upgraded to Ba1-PD from Ba2-
      PD

   -- Corporate Family Rating, Upgraded to Ba1 from Ba2

   -- Senior Unsecured Regular Bond/Debenture, Upgraded to Ba2
      (LGD6) from Ba3 (LGD5)

Assignments:

   Issuer: Dell Inc.

   -- Speculative Grade Liquidity Rating, Assigned SGL-1

   Issuer: Dell International LLC & EMC Corporation as Co-issuers

   -- Senior Secured Bank Credit Facility, Assigned Baa3 (LGD3)

   -- Senior Secured Regular Bond/Debenture, Assigned Baa3 (LGD3)

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

Outlook Actions:

   Issuer: Dell Inc.

   -- Outlook, Changed To Stable From Rating Under Review

   Issuer: Dell International LLC

   -- Outlook, Changed To Stable From Rating Under Review

The principal methodology used in these ratings was Diversified
Technology Rating Methodology published in December 2015.

Dell Inc. is one of the world's leading providers of personal
computers, servers, enterprise storage, and related devices.


DORSEY MOTOR: Wants 60-Day Extension to File Chapter 11 Plan
------------------------------------------------------------
Dorsey Motor Sales, Inc. asks the U.S. Bankruptcy Court for the
Middle District of Alabama to extend its exclusive period to file a
disclosure statement and plan of reorganization by 60 days.

The Court previously extended the Debtor's exclusive period to file
a chapter 11 plan from June 27, 2016 to September 20, 2016.

The Debtor relates that its attorney has been reviewing the
formulation of a chapter 11 plan of reorganization.  The Debtor
does not believe that a chapter 11 plan of reorganization can be
formulated within the initial period.

The Debtor tells the Court that it has been negotiating a
settlement that was contingent on the sale of its body shop.  The
Debtor further tells the Court that due to heavy storms, a storm
drain under the body shop burst.  The Debtor believes that the City
of Prattville is responsible for the repair of the damage and is in
negotiations with the City of Prattville.  The Debtor relates that
the City of Prattville is presenting the matter at the next City
Counseling Meeting on September 27, 2016.

                About Dorsey Motor Sales, Inc.

Headquartered in Prattville, Alabama, Dorsey Motor Sales, Inc.,
filed for Chapter 11 bankruptcy protection (Bankr. M.D. Ala. Case
No. 15-32394) on Aug. 31, 2015.  The petition was signed by Richard
M. Dorsey, president.

Judge Dwight H. Williams, Jr., presides over the case.  The Debtor
is represented by Collier H. Espy, Jr., Esq., at Espy, Metcalf &
Espy, P.C.

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



DOVER DOWNS: Henry Tippie Holds 39.4% Stake as of Aug. 23
---------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, Henry B. Tippie disclosed that as of Aug. 23, 2016, he
beneficially owned 11,018,800 shares of common stock of Dover Downs
Gaming & Entertainment, Inc., consisting of:

  -- 3,050,000 Shares of Class A Common Stock held by Mr. Tippie
     individually

  -- 1,000,000 Shares of Common Stock held by Mr. Tippie
     individually

  -- 150,000 Shares of Class A Common Stock held by Mr. Tippie's
     spouse

  -- 200,000 Shares of Common Stock held by Mr. Tippie's spouse

  -- 5,100,000 Shares of Class A Common Stock held by the RMT
     Trust

  -- 18,800 Shares of Common Stock held by the RMT Trust

  -- 1,500,000 Shares of Class A Common Stock held by R. Randall
     Rollins

This represents 39.4% of the Company's outstanding Common Stock
(calculated for these purposes under Rule 13d by assuming the
conversion of all Class A Common Stock beneficially owned by the
Reporting Person into shares of Common Stock).

Mr. Tippie does not have any pecuniary interest in the RMT Trust
stock and disclaims any beneficial interest in shares held by his
spouse.  With respect to the shares of Class A Common Stock held by
Mr. Rollins, Mr. Tippie has voting control only but not the power
to dispose of the shares and no pecuniary interest in the shares.

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

                    https://is.gd/gqcmjz

                      About Dover Downs

Owned by Dover Downs Gaming & Entertainment, Inc. (NYSE: DDE),
Dover Downs Hotel & Casino(R) is a gaming and entertainment resort
destination in the Mid-Atlantic region.  Gaming operations consist
of approximately 2,500 slots and a full complement of table games
including poker.  The AAA-rated Four Diamond hotel is Delaware's
largest with 500 luxurious rooms/suites and amenities including a
full-service spa/salon, concert hall and 41,500 sq. ft. of multi-
use event space.  Visit http://www.doverdowns.com/         

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

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


DRAW ANOTHER CIRCLE: Court OKs Nov. 25 Plan Filing Extension
------------------------------------------------------------
Judge Kevin J. Carey of the U.S. Bankruptcy Court for the District
of Delaware extended Draw Another Circle, LLC, et. al.'s exclusive
periods to file a chapter 11 plan and solicit acceptances to the
plan, to November 25, 2016 and January 24, 2016, respectively.

The Debtors previously asked the Court to extend their exclusive
periods to file a chapter 11 plan and solicit acceptances to the
plan, contending that their cases were large and complex, and that
they had made significant progress, including selling or agreeing
to sell a substantial portion of their assets and resolving a
significant number of disputes.  The Debtors further contended that
the extension would not harm creditors or other parties in
interest.

                 About Draw Another Circle, LLC

Draw Another Circle, LLC, and four of its subsidiaries, namely,
Hastings Entertainment, Inc., MovieStop, LLC, SP Images, Inc., and
Hastings Internet, Inc. filed voluntary petitions under Chapter 11
of the Bankruptcy Code (Bankr. D. Del. Lead Case No. 16-11452) on
June 13, 2016.  The petitions were signed by Joel Weinshanker,
manager.  The Debtors estimated assets at $0 to $50,000 and debts
at $50 million to $100 million at the time of the filing.

As of the bankruptcy filing, Hastings operated 123 entertainment
superstores, averaging approximately 24,000 square feet,
principally in medium-sized markets located in 19 states, primarily
in the Northwestern, Midwestern, and Southeastern United States,
and had over 3,500 employees.  As of the Petition Date,
Atlanta-based MovieStop operated 39 destination locations in 10
states, primarily along the Eastern United States Coast.

Headquartered in Franklin, Massachusetts, SP Images, Inc., is a
distributor of sports and entertainment products and apparel.
Hastings, MovieStop and SPI are each wholly-owned subsidiaries of
DAC.

The Debtors are represented by Christopher M. Samis, Esq., L.
Katherine Good, Esq., and Chantelle D. McClamb, Esq., at Whiteford,
Taylor & Preston LLC and Cathy Hershcopf, Esq., Michael Klein,
Esq., and Robert Winning, Esq., at Cooley LLP.  The Debtors tapped
FTI Consulting as financial advisor, Rust Consulting/Omni
Bankruptcy as claims and noticing agent, and RCS Real Estate
Advisors as lease disposition consultant.

Andrew Vara, acting U.S. Trustee for Region 3, on June 21 appointed
seven creditors of Draw Another Circle, LLC, to serve on the
official committee of unsecured creditors.  The Official Committee
of Unsecured Creditors retained Lowenstein Sandler LLP as counsel,
FTI Consulting, Inc. as financial advisor, and BDO USA, LLP as
financial advisor.



DTI HOLDCO: Moody's Assigns B2 Corporate Family Rating
------------------------------------------------------
Moody's Investors Service assigned DTI Holdco, Inc. ("DTI") a
first-time B2 Corporate Family Rating (CFR) and B2-PD Probability
of Default Rating (PDR). Concurrently, Moody's also assigned a B2
rating to the company's proposed $1.295 billion first lien credit
facility (including a $100 million revolver). The ratings outlook
is stable.

DTI has entered into a definitive agreement to acquire Epiq
Systems, Inc. ("Epiq"), a leading provider of outsourced technology
solutions to the legal industry with support functions for
eDiscovery, bankruptcy, and class action administration. The
transaction is subject to shareholder approval and is expected to
close in the fourth quarter of 2016. Moody's currently rates Epiq
B1 (ratings under review), but will withdraw all of its ratings
upon closing of the transaction.

The merger of DTI and Epiq, two similarly-sized companies with
complementary businesses, creates a credible competitor in highly
fragmented and competitive LPO space. Moody's believes that with
greater scale, increased breadth of services and geographic
footprint, the combined entity will be able to serve and attract a
larger customer base and realize cost advantages and efficiencies
while creating value for its clients.

The proceeds from the proposed $1.195 billion first lien term loan
along with new and rollover equity from OMERS Private Equity (OPE)
and Harvest Partners (HP) will be used to refinance all of DTI's
existing debt (excluding capital leases), fund Epiq's go-private
transaction and pay related fees and expenses. At closing, OPE will
own approximately 65% of the pro forma equity, while HP and
management will own the remaining 35%.

The ratings are contingent upon the receipt and review of final
documentation.

Moody's assigned the following ratings to DTI Holdco, Inc.:

   -- Corporate Family Rating, assigned at B2

   -- Probability of Default Rating, assigned at B2-PD

   -- $100 million senior secured first lien revolving credit
      facility due 2021, assigned at B2 (LGD3)

   -- $1.195 billion senior secured first lien term loan due 2023,

      assigned at B2 (LGD3)

   -- Outlook, assigned at Stable

RATINGS RATIONALE

DTI's B2 CFR reflects the company's high pro forma debt-to-EBITDA
leverage, estimated at low 6.0 times (Moody's adjusted) as of LTM
June 2016, integration risk associated with combining two large
companies, aggressive growth strategies, and persistent pricing
pressures in the highly fragmented, competitive and labor intensive
legal technology services industry. In the short term, initial cash
outlays will be needed to complete the integration, planned cost
improvements, and synergies; as such, Moody's expects free cash
flow to be less robust in 2016. Moody's also expects DTI will
augment its low single digit organic revenue growth with periodic
acquisitions using incremental debt. DTI's rating is supported by
the combined company's improved competitive position, extended
geographic footprint, and the potential for synergies. DTI stands
to benefit from Epiq's international presence, diverse enterprise
customer base and its largely countercyclical bankruptcy and
settlement administration business, where the long term outlook is
positive. In addition, favorable macro industry dynamics for
eDiscovery segment driven by increasing hosting data volumes and
continued outsourcing of legal services supports Moody's
expectation for stable organic revenue growth over the next 12-18
months.

The stable rating outlook reflects Moody's expectation for low
single digit percentage revenue growth, synergy-driven margin
expansion, and improving credit metrics supported by EBITDA growth
and modest debt repayment. Moody's expects the company will
maintain good liquidity.

The ratings could be downgraded if earnings deteriorate from
failure to smoothly integrate Epiq's operations, particularly if
the company cannot realize planned cost savings and synergy
benefits on a timely fashion, or if revenue growth unexpectedly
declines. The ratings could also be downgraded if DTI's liquidity
deteriorates or if Moody's believes that the company is unlikely to
reduce debt-to-EBITDA (Moody's adjusted) below 6.0 times.

Moody's would consider an upgrade if DTI is able to demonstrate
sustained organic growth and margin expansion, while maintaining
good liquidity with balanced financial policies. Quantitatively,
the ratings could be upgraded if Moody's believes that the company
will maintain debt-to-EBITDA (Moody's adjusted) below 4.5 times and
free cash flow to total debt in mid-to-high single digit
percentages.

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

DTI, based in Atlanta, Georgia, provides legal service solutions,
namely litigation and administrative support for corporations and
law firms in North America, Europe, and Australia. The company
operates in four segments: Legal Solutions ("LS"), Knowledge
Solutions ("KS"), Facilities Management ("FM"), and Court Reporting
("CR").


EDGEMERE ESTATE: Claims Bar Date Slated for November 18
-------------------------------------------------------
The Hon. Mr. Justice Newbould of the Ontario Superior Court of
Justice (Commercial List) set Nov. 18, 2016, at 5:00 p.m. (Eastern
Standard Time) as deadline for persons to file proofs of claim
against Edgemere Estate Limited Partnerships and its general
partner, Edgemere Estate Limited.

Claimants who require a proof of claim form should contact the
receiver:

   Grant Thornton
   Attention: Jennifer Kwon
   200 King Street West, 11th Floor
   Toronto, ON M5H 3T4
   Tel: 416) 360-4167
   Email: Jennifer@ca.gt.com

Additional proof of claim forms can be found on the receiver's
website at http://www.grantthornton.ca/edgemere


EFRON DORADO: Wants Plan Filing Deadline Moved to Nov. 13
---------------------------------------------------------
Efron Dorado Se seeks from the U.S. Bankruptcy Court for 60 days
extension of the exclusive periods during which Debtor may file and
solicit acceptances of a plan of reorganization through Nov. 13,
2016 and Feb. 9, 2017, respectively.

The Debtor submits that the Court's resolution of these contested
matters -- which are scheduled to be heard on Oct. 3, 2015 -- is
necessary in order to present a feasible Plan: (a) Puerto Rico
Asset Portfolio 2013-1 International, LLC's proof of claim number 2
and the objection thereto, and (b) the extent of PRAPI's alleged
rights and security interest in the rental income arising from
Debtor's Shopping Center operating under the name of Paseo Del
Plata, at Dorado, Puerto Rico.

Moreover, the Debtor asserts that it is in the process of
evaluating various alternatives for financing, with a bearing on
the nature and feasibility of the Plan.

                             About Efron Dorado Se

Efron Dorado Se, based in San Juan, Puerto Rico, filed for Chapter
11 bankruptcy protection (Bankr. D.P.R. Case No. 16-00283) on Jan.
20, 2016.  The petition was signed by David Efron, partner.

Charles Alfred Cuprill, Esq., at Charles A Cuprill, PSC Law Office,
serves as its bankruptcy counsel.

In its petition, the Debtor listed total assets of $33.2 million
and total debt of $15.2 million.  According to the schedules, the
Debtor owns the shopping mall known as Paseo Del Plata Shopping
Center located in Dorado, Puerto Rico; a parcel of land consisting
of 80 Cuerdas, identified as Quintas De Dorado; and a parcel of
land consisting of 30 Cuerdas known as Hernandez Farm.


EIRE MCNAB: Disclosures OK'd; Sept. 20 Plan Confirmation Hearing
----------------------------------------------------------------
The Hon. Paul G. Hyman, Jr., of the U.S. Bankruptcy Court for the
Southern District of Florida has approved Eire McNab, LLC's
disclosure statement describing the Debtor's Chapter 11 plan.

A confirmation hearing and hearing on fee applications will be held
on Sept. 20, 2016, at 9:30 a.m.

The plan proponent's deadline for filing proponent's report and
confirmation affidavit is Sept. 15, 2016.

                         About Eire McNab

Eire McNab, LLC, filed for Chapter 11 bankruptcy protection
(Bankr.
S.D. Fla. Case No. 16-14976) on April 6, 2016.  The petition was
signed by Mark Spillane, manager.

The Debtor is represented by Matthew S. Kish, Esq., at Kish Law
Firm, PLLC.  The case is assigned to Judge Paul G. Hyman, Jr.

The Debtor estimated both assets and liabilities in the range of $1
million to $10 million.


ELBIT IMAGING: Annual Shareholders Meeting Set for Oct. 13
----------------------------------------------------------
Elbit Imaging Ltd. has scheduled its 2016 Annual General Meeting of
Shareholders for Oct. 13, 2016, at 11:00 a.m. (Israel time) at 7
Mota Gur Street, Petach Tikva, Israel.

The agenda of the Meeting will be as follows:

  1. To approve an amendment to the Company's compensation policy
     for its directors and officers;

  2. To approve the compensation for the Company's Chairman, Mr.
     Ron Hadassi;
    
  3. To approve a Consultancy Agreement with the Company's
     Director, Mr. Boaz Lifschitz;
     
  4. To elect five members of the Company's Board of Directors,
     each to hold office until the close of the next Annual
     General Meeting of Shareholders at which one or more
     directors are elected or until their successors have been
     duly elected.  Due to lately legislation revision in Israel,
     the Company is no more obliged to nominate external
     directors.  Therefore, Mr. Zvi Tropp has been nominated to
     serve as director by the Company's Board of directors after
     completing a 3-year term and 12 years tenure as an external
     director in the Company.  In addition, the following four
     individuals have been nominated to serve as directors by the
     Company's Board of Directors: Alon Bachar, Ron Hadassi, Boaz
     Lifschitz and Nadav Livni;
     
  5. To approve compensation for the Company's directors, other
     than its Chairman of the Board, Mr. Ron Hadassi;

  6. To re-appoint Brightman Almagor Zohar & Co., a member of
     Deloitte, as the Company's independent auditors until the
     next annual general meeting of shareholders and authorize
     the Company's Board of Directors to determine their fees; and

  7. To discuss the Company's financial statements for the year
     ended Dec. 31, 2015.

Only shareholders of record at the close of business on Sept. 12,
2016, are entitled to notice of, and to vote at, the Meeting and
any adjournment or postponement thereof.

"We look forward to greeting personally those of you who are able
to be present at the Meeting.  However, whether or not you plan to
attend the Meeting, it is important that your shares be
represented.  Accordingly, you are kindly requested to sign, date
and mail the enclosed form of proxy at your earliest convenience so
that it will be received no later than four hours before the
Meeting."

A full-text copy of the Company's proxy statement is available at
no charge at https://is.gd/qxvX7O

                       About Elbit Imaging

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

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

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

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

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


ELRAY RESOURCES: Insufficient Revenues Raise Going Concern Doubt
----------------------------------------------------------------
Elray Resources, Inc., filed its quarterly report on Form 10-Q,
disclosing a net loss of $16,199 on $1.70 million of revenue for
the three months ended June 30, 2016, compared with a net loss of
$378,034 on $483,372 of revenue for the same period last year.

The Company's balance sheet at June 30, 2016, showed $2.18 million
in total assets, $12.51 million in total liabilities, and a
stockholders' deficit of $10.32 million.  The Company had $295,459
in cash at June 30, 2016.

The Company's cash provided by operating activities for the six
months ended June 30, 2016 was $251,450 compared to cash used in
operating of $30,526 for the six months ended June 30, 2015.  The
change was primarily attributable to more payment made for
professional and consulting fees during the six months ended June
30, 2015.

The Company's cash used in financing activities for the six months
ended June 30, 2016 was $67,124 compared to $40,000 for the six
months ended June 30, 2015.  Cash used in financing activities for
the six months ended June 30, 2016 was related to payments on
short-term notes.  Cash provided from financing activities was
related to proceeds from convertible notes.

Since its inception, the Company has financed its cash requirements
from the sale of common stock, issuance of notes and shareholder
loans.  Uses of funds have included activities to establish its
business, professional fees, exploration expenses and other general
and administrative expenses.

Due to Company's lack of operating history and present inability to
generate sufficient revenues, there is 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/2cmYR1v

Elray Resources, Inc., is a technology company, which owns and
licenses gaming intellectual property, gaming content and gaming
domains.  The Company is engaged in providing marketing and support
for online gaming operations.  It has developed and acquired
technology that provides marketing tools and customer relationship
management (CRM) systems for online gaming operators.  It has a
global presence with offices in London, South Africa and Sydney.


EMC CORP: Moody's Cuts Senior Unsecured Notes Rating to 'Ba2'
-------------------------------------------------------------
Moody's Investors Service downgraded EMC Corporation's ("EMC")
senior unsecured notes to Ba2 from A1 following the acquisition of
EMC by a subsidiary of Dell Inc. (Ba1 CFR). This concludes a review
initiated October 12, 2015.

Ratings downgraded include:

   -- Senior unsecured (3.375% Senior unsecured notes) rating to
      Ba2, LGD6 from A1

   -- Senior unsecured (1.875% Senior unsecured notes) rating to
      Ba2, LGD6 from A1

   -- Senior unsecured (2.65%% Senior unsecured notes) rating to
      Ba2, LGD6 from A1

Ratings withdrawn:

   -- Short term rating for commercial paper at P-1

RATING RATIONALE

The Ba2 rating reflects the subordination of EMC bonds to newly
raised acquisition debt ($33 billion secured and $3.25 billion
unsecured). Although the EMC unsecured bonds do not benefit from a
guarantee while Dell's unsecured notes are supported by a guarantee
from Dell Inc., the Denali holding companies, and all wholly-owned
domestic subsidiaries (including EMC's wholly-owned domestic
subsidiaries) except for certain unrestricted subsidiaries, both
classes of unsecured debt are rated the same at Ba2. While Moody's
ranks the new unsecured debt ahead of the legacy notes (i.e., the
pre-LBO senior unsecured notes held at Dell Inc. and the existing
EMC unsecured notes that will be rolled over as part of the deal)
in a default scenario due to the guarantees, the differential in
expected loss rates are not sufficient to create a notching
difference in instrument ratings.

Similar to what transpired after the leveraged buyout of Dell in
2013, Moody's believes that the combined company will allocate a
majority of its cash flow to debt repayment. Accordingly, with net
proceeds from divestitures and substantial cost savings, Moody's
expects that adjusted debt to EBITDA will decrease to about 4x by
the end of calendar year 2017.

A combination of the two companies will create an entity with
significant scale and breadth of product offerings in the broad
server, storage and PC markets. The merger will create the largest
private technology company in the world based on revenues.

The stable outlook is based on Moody's expectation that Dell will
preserve its solid liquidity profile while generating low single
digit revenue growth from its enterprise solutions business with
slightly declining to flat PC revenues through calendar year 2017.
Moody's anticipates that most of the cost synergies will be
achieved over the next year with free cash flow to be used
primarily for debt repayment.

Moody's could upgrade EMC's ratings if Dell were to show sustained
annual revenue growth of at least mid-single digits, high single
digit adjusted operating margins, and gross debt to EBITDA in the
mid 2 times range. In addition, financial policies will need to be
very conservative with the risk of a significant levering event
considered remote. The rating could be lowered with sustained
erosion of market share, reported adjusted operating profit margins
lower than 3%, or revenue declines from a contraction of the PC,
server, and storage markets. Also, any indications of a change in
Dell's financial policies, such that gross debt to EBITDA remains
above 4.5 times beyond calendar year 2017 could also pressure the
rating down.

EMC Corporation is the leading provider of data storage solutions
to a global customer base with annual revenues of approximately $25
billion. Dell Inc. is one of the world's leading providers of
personal computers, servers, and related devices.

The principal methodology used in these ratings was Diversified
Technology Rating Methodology published in December 2015.


FARMACIA BRISAS: Disclosures Has Conditional OK; Nov. 15 Hearing
----------------------------------------------------------------
The Hon. Enrique S. Lamoutte Inclan of the U.S. Bankruptcy Court
for the District of Puerto Rico has conditionally approved Farmacia
Brisas Del Mar Inc.'s disclosure statement dated Aug. 15, 2016,
with respect to the Debtor's Chapter 11 plan.

The hearing to consider the final approval of the Disclosure
Statement and confirmation of the Plan will be held on Nov. 15,
2016, at 10:00 a.m.

Three days prior to the hearing is fixed as the last day for filing
written acceptances or rejections to the Plan.  Three days prior to
the hearing is fixed as the last day for filing and serving written
objections to the disclosure statement and confirmation of the
Plan.

Headquartered in Luquillo, Puerto Rico, Farmacia Brisas Del Mar,
Inc., filed for Chapter 11 bankruptcy protection (Bankr. D. P.R.
Case No. 16-00054) on Jan. 8, 2016, estimating its assets at
between $100,000 and $500,000 and liabilities at between $1 million
and $10 million.  The petition was signed by Ana I De La Cruz
Padilla, secretary.

Judge Lamoutte Inclan presides over the case.

Victor Gratacos Diaz, Esq., at Gratacos Law Firm, P.S.C., serves as
the Debtor's bankruptcy counsel.


FLAVORS HOLDINGS: Moody's Cuts Corporate Family Rating to B3
------------------------------------------------------------
Moody's Investors Service downgraded the Corporate Family Rating
(CFR) of Flavors Holdings Inc. to B3 from B2 and its Probability of
Default Rating to B3-PD from B2-PD. Moody's also downgraded the
first lien revolving credit facility rating to B3 from B2, the
first lien term loan rating to B3 from B2, and the second lien term
loan rating to Caa2 from Caa1. The ratings outlook is stable.

The downgrade reflects Moody's concern about Flavors' declining
liquidity given a backdrop of historical revenue declines as well
as high turnover in its senior management ranks over the last few
years. Moody's expects that revolver availability plus cash on hand
will approach a low point of $10 million by year end as the company
continues to fund the launch of its new line of stevia-based
sweetener products. Moody's is cautious regarding the growth
prospects of the company's new sweetener products because initial
growth plans for its stevia products at the time of the Merisant
acquisition (October 2014) did not come to fruition. Despite
Starbucks Corporation's (A2 stable) announcement yesterday that it
will carry Flavors Holdings new natural sweetener product, it is
still too early to tell if the company has created a flavor profile
with this new line of products that appeals to consumers at a price
they are willing to pay.

Ratings Downgraded

   -- Corporate Family Rating to B3 from B2

   -- Probability of Default Rating to B3-PD from B2-PD

   -- $350 million first lien senior secured term loan due April
      2020 to B3 (LGD 3) from B2 (LGD 3)

   -- $50 million first lien revolving credit facility to B3 (LGD
      3) from B2 (LGD 3)

   -- $50 million second lien term loan due October 2021 to Caa2
      (LGD 6) from Caa1 (LGD 6)

The ratings outlook is stable.

RATINGS RATIONALE

Flavors Holdings' B3 Corporate Family Rating reflects the company's
small scale, niche product categories, high financial leverage, and
Moody's expectation of an aggressive financial policy. These
factors are partially offset by strong profit margins and good
geographic diversification.

The stable outlook reflects Moody's expectation that revenue growth
will be very modest and that the company will generate enough cash
to cover its basic cash obligations including debt service.

Ratings could be downgraded if there is a meaningful and decline in
profit margins, if its products fall out of favor with consumers,
or if liquidity deteriorates further than Moody's expects.

Ratings could be upgraded if the company is able to profitably grow
revenue, liquidity improves, and debt/EBITDA is sustained below 5.5
times.

Flavors Holdings Inc. manufactures, markets and distributes
tabletop sweeteners through its subsidiary Merisant Company.
Merisant markets its tabletop sweeteners primarily under the
Canderel, Equal, Pure Via, and Whole Earth Sweetener brands to
retail and foodservice customers globally and represents
approximately 59% of Flavors Holdings' revenues. Flavors Holdings
also produces a variety of licorice products from licorice root,
intermediary licorice extracts produced by others and certain other
ingredients through its subsidiary Mafco Worldwide. Mafco
represents approximately 41% of Flavors Holdings' revenues. About
half of Mafco's sales are to the tobacco industry for use as flavor
enhancing and moistening agents. Mafco also sells licorice products
to food processors, confectioners, cosmetic companies and
pharmaceutical manufactures for use as flavoring, moisturizing, or
masking agents. Flavors Holdings is indirectly owned by MacAndrews
& Forbes Incorporated. Revenue was $312 million for the twelve
months ended June 30, 2016.

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


FORESIGHT ENERGY: Completes Out-of-Court Global Restructuring
-------------------------------------------------------------
Foresight Energy LP completed an out-of-court restructuring of more
than $1.4 billion in indebtedness pursuant to the terms of
Transaction Support Agreements previously executed by the
Partnership, Foresight Energy GP LLC, the Partnership's equity
sponsors, including Mr. Christopher Cline, Murray Energy Corp.,
Foresight Reserves LP, and a majority of the Partnership's secured
bank lenders and holders of the 7.875% Senior Notes due 2021 issued
by the Foresight Energy LLC and Foresight Energy Finance
Corporation.

The Partnership's restructuring resolves various defaults and
events of default relating to a December 2015 Delaware Chancery
Court determination that the Partnership's and FEGP's April 2015
equity transaction involving Murray Energy and Reserves constituted
a "change of control" of FELP under the terms of the Old Notes.
The restructuring was implemented principally through concurrent
exchange and tender offers in which holders of 99.98% of the
principal amount of the Old Notes participated.  Through the tender
and exchange offers, Reserves and certain of its affiliates
purchased approximately $105 million of outstanding Old Notes for
cash, and the Partnership exchanged the remaining Old Notes for
approximately $349 million of new second lien notes, approximately
$299 million of new convertible PIK notes, and warrants to acquire
up to 4.5% of the total outstanding units of FELP upon the
redemption of the convertible PIK notes.

The restructuring also provides for (1) an amendment and
restatement of the Partnership's senior credit facility; (2) an
amendment and restatement of the Partnership's receivables
securitization facility; (3) amendments and waivers related to the
Partnership's longwall equipment leases and financings; (4)
amendments and other modifications to FEGP's and the Partnership's
governance documents and existing agreements by and among the
equity sponsors; and (5) the execution of various mutual releases
among the participants in the restructuring.  As a result of the
restructuring, the Change of Control Litigation will be dismissed
with prejudice.

"We are pleased to have completed the debt restructuring," said
Robert D. Moore, president and chief executive officer.  "The
resulting transaction puts the change of control litigation behind
us and allows us to continue to focus on executing our mission of
running the safest, most reliable and lowest cost mines in the
Illinois Basin."

The Partnership was represented in the restructuring by PJT
Partners Inc. as its financial advisor and Paul, Weiss, Rifkind,
Wharton & Garrison LLP as its legal advisor.

Additional information is available from the SEC website at:

                      https://is.gd/XnWom4

                     About Foresight Energy

Foresight Energy mines and markets coal from reserves and
operations located exclusively in the Illinois Basin.  
As of Dec. 31, 2015, the Company has invested over $2.3 billion to
construct state-of-the-art, low-cost and highly productive mining
operations and related transportation infrastructure.  The Company
controls over 3 billion tons of proven and probable coal in the
state of Illinois, which, in addition to making the Company one of
the largest reserve holders in the United States, provides organic
growth opportunities.  The Company's reserves consist principally
of three large contiguous blocks of uniform, thick, high heat
content (high Btu) thermal coal which is ideal for highly
productive longwall operations.  Thermal coal is used by power
plants and industrial steam boilers to produce electricity or
process steam.

Foresight Energy reported a net loss attributable to limited
partner units of $39.47 million on $984.85 million of total
revenues for the year ended Dec. 31, 2015, compared to net income
attributable to limited partner units of $70.19 million on $1.10
billion of total revenues for the year ended Dec. 31, 2014.

As of June 30, 2016, Foresight had $1.74 billion in total assets,
$1.79 billion in total liabilities and a total partners' deficit of
$45.9 million.

Ernst & Young LLP, in St. Louis, Missouri, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2015, noting that the Partnership is
in default of certain provisions of its long-term debt and capital
lease obligations, resulting in a working capital deficit as of
Dec. 31, 2015.  These conditions raise substantial doubt about the
Partnership's ability to continue as a going concern.

                          *     *     *

The Troubled Company Reporter on March 22, 2016, reported that
Standard & Poor's Ratings Services said it lowered its corporate
rating on St. Louis-based Foresight Energy to 'D' from 'CCC-'.

As reported by the TCR on Sept. 5, 2016, Moody's Investors Service
upgraded the corporate family rating (CFR) of Foresight Energy, LLC
to Caa2 from Caa3, as well as the probability of default rating
(PDR) to Caa2-PD from Caa3-PD, and the senior secured rating to
Caa1 from Caa2.  The upgrade reflects the resolution of
uncertainties related to the bondholder litigation and the events
of default, reduction in cash interest payments, and our
expectation of the gradual reduction in leverage, as a result of
convertible PIK notes maturing in October 2017 and excess cash flow
being directed towards the senior secured debt repayment.


FRANK SEVERINO: Disclosures OK'd; Plan Hearing on Sept. 28
----------------------------------------------------------
The Hon. Raymond B. Ray of the U.S. Bankruptcy Court for the
Southern District of Florida has approved Frank R. Severino's
amended disclosure statement.

The plan confirmation hearing and hearing on fee applications will
be held on Sept. 28, 2016, at 9:30 a.m.  Objections to the
confirmation of the Plan must be filed by Sept. 14, 2016.

As reported by Troubled Company Reporter on Aug. 26, 2016, the
Debtor filed with the Court an amended disclosure statement
describing the Debtor's plan of reorganization.  Under the Plan,
Class 4 - General Unsecured Claims are impaired.  The Debtor will
pay $100 per month for 36 months starting in month 37 of the
six-year Plan.  Payments will be distributed by the Debtor pro rata
to all approved unsecured claims resulting in a distribution of
approximately 75% of the allowed claims.

Sept. 7, 2016, is the deadline for fee applications.

Sept. 14, 2016, is the plan proponent's deadline for serving notice
of fee applications.

Sept. 14 is also the deadline for filing ballots accepting or
rejecting the Plan.

The deadline for the Debtor to file a certificate for confirmation
regarding payment of domestic support obligations and filing of
required tax returns is Sept. 23, 2016.

                     About Frank R. Severino

Frank R. Severino filed for Chapter 11 bankruptcy protection
(Bankr. S.D. Fla. Case No. 15-30637) on Nov. 24, 2015.

The Debtor was involved in a foreclosure action at the time of
filing of the Chapter 11 proceeding, which is pending in the
Circuit Court of Broward County, Florida.  The Debtor proposes to
pay off the mortgage judgment through his Plan.

The Debtor owned a remainder interest in residential real property
located 7507 NW 58th Street, Tamarac, Florida 33321.  The Debtor's
mother, Eileen M. Severino, holds a life estate in the Property.
The Debtor's sister, Pamela Rohr, claims a one-half interest in the
Property.  The Debtor is residing in the Property.

The total value of the non-exempt personal property of the Debtor
as of the date of filing his Chapter 11 Petition was estimated to
be $15,840.

David W. Langley serves as the Debtor's bankruptcy counsel.


FRIENDLY SERVICE: Voluntary Chapter 11 Case Summary
---------------------------------------------------
Debtor: Friendly Service New Rochelle, Inc.
        25 St. Charles St.
        Thornwood, ny 10594-1009

Case No.: 16-23216

Chapter 11 Petition Date: September 7, 2016

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

Debtor's Counsel: Bruce H. Bronson, Jr.
                  BRONSON LAW OFFICE, P.C.
                  480 Mamaroneck Avenue
                  Harrison, NY 10528-0023
                  Tel: 877-385-7793
                  Fax: 888-908-6906
                  E-mail: ecf@bronsonlaw.net
                          hbbronson@bronsonlaw.net

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $500,000 to $1 million

The petition was signed by Musa ElJamal, vice president.

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


FUNCTION(X) INC: Borrows $500,000 Under Sillerman Line of Credit
----------------------------------------------------------------
As previously disclosed by Function(x) Inc. in a Form 8-K filed on
June 12, 2015, Sillerman Investment Company IV, LLC, an affiliate
of Robert F.X. Sillerman, the Company's executive chairman and
chief executive officer of the Company, agreed to provide a Line of
Credit to the Company.

On Aug. 30, 2016, the Company borrowed an additional $500,000 under
the Line of Credit.  The principal amount now outstanding under the
Line of Credit is $1,400,000 and the Company is entitled to draw up
to an additional $4,500,000 under the Line of Credit.

                    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.


FUNCTION(X) INC: Has Until Sept. 30 to Regain Nasdaq Compliance
---------------------------------------------------------------
Function(x) Inc. announced that on Aug. 26, 2016, the Company
received formal notification from The NASDAQ Stock Market LLC
indicating that, but for the $1.00 bid price requirement, the
Company has demonstrated compliance with all requirements for
continued listing on The Nasdaq Capital Market, including the $2.5
million stockholders' equity requirement.  As previously disclosed,
the Nasdaq Hearings Panel required that the Company, on or before
Aug. 22, 2016, make a public filing with the Securities and
Exchange Commission indicating that it had regained compliance with
the minimum stockholders' equity requirement, among other things.
To evidence his continuing and strong support of the Company,
Robert F.X. Sillerman, executive chairman and chief executive
officer, converted to equity more than $38 million of his debt and
preferred equity to enable the Company to achieve its target of
compliance.

In its most recent determination, the Panel also provided the
Company with an extension through Sept. 30, 2016, to evidence
compliance with the $1.00 bid price requirement.  In order to
evidence compliance with that requirement, the Company must
evidence a closing bid price of at least $1.00 per share for a
minimum of ten consecutive business days.  The Company is taking
definitive steps to remedy the bid price deficiency, particularly
via the planned implementation of a reverse stock split at a ratio
of 1-for-20 shares.

                   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.


GASTAR EXPLORATION: Improves Cash Position With $10M Settlement
---------------------------------------------------------------
Gastar Exploration Inc. announced that it has executed a release
and settlement agreement regarding the Company's claim for
reimbursement under its directors and officers liability insurance
coverage to recover settlement and legal defense expenses incurred
by the Company in connection with litigation settled in December
2010.  Gastar expects to receive $10.1 million within 14 business
days of execution of the Settlement Agreement.

The Company currently has approximately $40.6 million in available
cash and cash equivalents and, after giving pro forma effect to
receipt of the settlement funds, will have $50.7 million in
available cash and cash equivalents.

                     About Gastar Exploration

Gastar Exploration Inc. is an independent energy company engaged in
the exploration, development and production of oil, condensate,
natural gas and natural gas liquids in the United States.  Gastar's
principal business activities include the identification,
acquisition, and subsequent exploration and development of oil and
natural gas properties with an emphasis on unconventional reserves,
such as shale resource plays.  In Oklahoma, Gastar is developing
the primarily oil-bearing reservoirs of the Hunton Limestone
horizontal play and is testing other prospective formations on the
same acreage, including the Meramec Shale and the Woodford Shale,
which is referred to as the STACK Play and emerging prospective
plays in the shallow Oswego formation and in the Osage formation, a
deeper bench of the Mississippi Lime located below the Meramec
Shale.  In West Virginia, Gastar has developed liquids-rich natural
gas in the Marcellus Shale and has drilled and completed two
successful dry gas Utica Shale/Point Pleasant wells on its acreage.
Gastar has entered into a definitive PSA to sell substantially all
of its assets and proved reserves and a significant portion of its
undeveloped acreage in the Appalachian Basin.  For more
information, visit Gastar's Web site at http://www.gastar.com/    


Gastar Exploration reported a net loss attributable to common
stockholders of $473.98 million for the year ended Dec. 31, 2015,
compared to net income attributable to common stockholders of
$36.52 million for the year ended Dec. 31, 2014.

As of June 30, 2016, Gastar had $287 million in total assets, $449
million in total liabilities and a total stockholders' deficit of
$162 million.

                      *      *      *

As reported by the TCR on March 15, 2016, Standard & Poor's Ratings
Services lowered its corporate credit rating on U.S.-based oil and
gas exploration and production (E&P) company Gastar Exploration
Inc. to 'CCC-' from 'CCC+'.  The downgrade follows Gastar's
announcement that it had just $29 million of cash on hand and a
fully drawn revolver.  The company's borrowing base current stands
at $180 million, but will be reduced to $100 million at the earlier
of the close of the Appalachian asset sale or April 10, 2016.
Proceeds from the Appalachian asset sale are expected to be $80
million.

As reported by the TCR on June 2, 2016, Moody's Investors Service
downgraded the Corporate Family Rating of Gastar Exploration Inc to
Caa3 from Caa1, the rating on its senior secured notes due 2018 to
Caa3 from Caa2, and the speculative grade liquidity (SGL) to SGL-4
from SGL-3.  The rating outlook was changed to negative from
stable.  The downgrade of Gastar's CFR to Caa3 reflects the
company's weakened liquidity and reduced size following the sale of
its Appalachian assets in April 2016.


GENERAL MOTORS: Settles Final 2 Ignition "Bellwether" Cases
-----------------------------------------------------------
Mike Spector, writing for The Wall Street Journal, reported that
General Motors Co. settled the final two ignition-switch cases
slated for trial in a New York federal court this year, moving the
Detroit auto maker closer to clearing remaining legal hurdles
stemming from a safety defect linked to 124 deaths.

According to the report, the cases were the final two among a half
dozen selected for so-called bellwether trials aimed at setting
settlement patterns for remaining personal injury and wrongful
death suits.  The cases arose from roughly 2.6 million older cars
GM recalled in early 2014 with faulty ignition switches that risk
jostling off and cutting power to engines and safety features
including power steering, power brakes and air bags, the report
related.

GM reached an agreement to settle the lawsuits, which alleged
injuries tied to the defective ignition switches, said Bob
Hilliard, a Texas plaintiffs' lawyer involved in the litigation,
the report further related.

Lawyers are expected to file court papers alerting a judge the
cases have been settled, he said, the report said.  Mr. Hilliard,
who declined to reveal the settlement payouts, said GM's
willingness to settle "creates momentum" to continue resolving
litigation in a sprawling New York legal proceeding culling
hundreds of cases brought by thousands of plaintiffs, the report
related.

"We have an agreement to settle the last two federal bellwether
cases scheduled for 2016," GM spokesman Jim Cain, told WSJ, adding
the terms are confidential.

                     About Motors Liquidation

General Motors Corporation and three of its affiliates filed for
Chapter 11 protection (Bankr. S.D.N.Y. Lead Case No. 09-50026) on
June 1, 2009.  The Honorable Robert E. Gerber presides over the
Chapter 11 cases.  Harvey R. Miller, Esq., Stephen Karotkin,
Esq., and Joseph H. Smolinsky, Esq., at Weil, Gotshal & Manges
LLP, assist the Debtors in their restructuring efforts.  Al Koch
at AP Services, LLC, an affiliate of AlixPartners, LLP, serves as
the Chief Executive Officer for Motors Liquidation Company.  GM
is also represented by Jenner & Block LLP and Honigman Miller
Schwartz and Cohn LLP as counsel.  Cravath, Swaine, & Moore LLP
is providing legal advice to the GM Board of Directors.  GM's
financial advisors are Morgan Stanley, Evercore Partners and the
Blackstone Group LLP.  Garden City Group is the claims and notice
agent of the Debtors.

The U.S. Trustee appointed an Official Committee of Unsecured
Creditors and a separate Official Committee of Unsecured
Creditors Holding Asbestos-Related Claims.  Lawyers at Kramer
Levin Naftalis & Frankel LLP served as bankruptcy counsel to the
Creditors Committee.  Attorneys at Butzel Long served as counsel
on supplier contract matters.  FTI Consulting Inc. served as
financial advisors to the Creditors Committee.  Elihu Inselbuch,
Esq., at Caplin & Drysdale, Chartered, represented the Asbestos
Committee.  Legal Analysis Systems, Inc., served as asbestos
valuation analyst.

The Bankruptcy Court entered an order confirming the Debtors'
Second Amended Joint Chapter 11 Plan on March 29, 2011.  The Plan
was declared effect on March 31.

On Dec. 15, 2011, Motors Liquidation Company was dissolved.  On
the Dissolution Date, pursuant to the Plan and the Motors
Liquidation Company GUC Trust Agreement, dated March 30, 2011,
between the parties thereto, the trust administrator and trustee
-- GUC Trust Administrator -- of the Motors Liquidation Company
GUC Trust, assumed responsibility for the affairs of and certain
claims against MLC and its debtor subsidiaries that were not
concluded prior to the Dissolution Date.

Motors Liquidation had $669 million in total assets, $56.4 million
in total liabilities and $613 million in net assets in liquidation
as of Dec. 31, 2015.


GF FINANCE: Case Summary & 5 Largest Unsecured Creditors
--------------------------------------------------------
Debtor: GF Finance, Inc.
        C/O MCA Financial Group, Ltd.
        4909 N. 44th Street
        Phoenix, AZ 85018

Case No.: 16-10282

Chapter 11 Petition Date: September 7, 2016

Court: United States Bankruptcy Court
       District of Arizona (Phoenix)

Judge: Hon. Paul Sala

Debtor's Counsel: Todd A. Burgess, Esq.
                  GALLAGHER & KENNEDY, P.A.
                  2575 E. Camelback Road, #1100
                  Phoenix, AZ 85016
                  Tel: 602-530-8050
                  Email: todd.burgess@gknet.com
                         john.clemency@gknet.com

Total Assets: $8.23 million

Total Liabilities: $17.48 million

The petition was signed by Stephen T. Hansen, president.

A copy of the Debtor's list of five unsecured creditors is
available for free at http://bankrupt.com/misc/azb16-10282.pdf


GF FINANCE: Files for Chapter 11 Bankruptcy Amid Lawsuits
---------------------------------------------------------
GF Finance, Inc. and its owner Stephen T. Hansen each filed a
voluntary petition under Chapter 11 of the Bankruptcy Code on Sept.
7, 2016, after two of their lenders initiated actions in North
Dakota state court.  The Debtors are concerned that, absent the
bankruptcy filings, the other lenders would follow suit and file
collection actions of their own in the near future.

The Debtors intend "to take advantage of the breathing room
afforded by the Bankruptcy Code, to obtain a single forum for the
resolution of the competing claims by and between the Debtors and
their lenders, to preserve the value of their assets, and to
maximize the recoveries to all creditors and parties in interest."

In July, 2016, United Valley Bank commenced collection litigation
against GF Finance, Hansen Leasing & Rental, Inc., Hansen Leasing &
Rental of Fargo, Inc. and Mr. Hansen.  Last month, U.S. Bank filed
a lawsuit against Mr. Hansen seeking to enforce his guaranties of
GF Finance's debt.  Non-debtors HLR and HLRF are 100% owned by Mr.
Hansen.

Engaged in the equipment financing and leasing business
specializing in over-the-road tractors and trailers, farm
equipment, and light-duty construction equipment, GF Finance is
currently in the process of winding down its operations.

The Debtors said they are currently investigating Hadley Freng, who
served as general manager for GF Finance, HLR and HLRF, for his
alleged gross negligence, mismanagement, breach of fiduciary duty
and outright theft that led to the destruction of their
businesses.

"Hadley systematically destroyed the successful businesses Steve
had spent the better part of his life creating," said Morris C.
Aaron, president of MCA Financial Group, Ltd., the proposed
financial advisor for the Debtors.  "Over the past seven years,
Steve gradually relinquished nearly total operational and financial
control over the businesses to his trusted long-time employee and
family friend Hadley Freng, with the understanding that Hadley
eventually would obtain financing to buy-out Steve.  For whatever
reason, Hadley either was unable or unwilling to obtain the
financing necessary to purchase the businesses," he continued.

Following the discovery of Mr. Freng's alleged misconduct, the
Debtors retained MCA as an outside chief restructuring officer.

"By the time MCA was retained on November 29, 2015, GFF, HLR, and
HLRF owed over $31 million and were in default with every one of
their secured lenders, the companies' books and records were
deliberately indecipherable, the GFF loan/lease portfolio hadn't
been properly serviced in years, and Hadley had managed to drain
millions of dollars of value from the companies," Mr. Aaron
asserted.

Mr. Aaron disclosed that as of Dec. 15, 2015, approximately $24.2
million of the secured debt, all guaranteed by Mr. Hansen and GFF,
was owed by HLR and HLRF to five secured lenders under rental car
fleet financing arrangements.  As of Dec. 15, 2015, GFF owed
approximately $7.3 million to its five secured lenders related to
its equipment finance business, all of which was guaranteed by Mr.
Hansen.

From December 2015 thru March 2016, HLR and HRLF, with the
assistance of MCA and Gallagher & Kenndey, P.A., the Debtors'
counsel, successfully negotiated a sale of the rental car
franchises and related assets.  The sale, which closed on March 15,
2016, together with the aggressive sale of hundreds of rental cars
and the resolution of complex litigation, resulted in the reduction
of the debt owed to the HLR/HLRF lenders from $24.2 million to
approximately $1.4 million.

Following the close of the HLR/HLRF sale in March 2016, GF Finance
terminated its remaining employees.  GF Finance currently has one
part-time independent contractor assisting with the ongoing
servicing of the remaining GFF loan/lease portfolio along with
support from MCA professionals.  By late July 2016, the debt owed
to the GF Finance Lenders had been reduced from $7.3 million to
approximately $5.1 million.

As of Dec. 31, 2015, GF Finance was owed outstanding loan/lease
receivables from its customers totaling approximately $10.5
million, as disclosed in Court documents.

The Debtors intend to file a plan of reorganization in the very
early stages of these cases that provides for the payment in full
of all allowed claims.  The plan will look very much like the
restructure plan proposed to the lenders before these cases were
filed.

The cases are pending in the U.S. Bankruptcy Court for the District
of Arizona (Bankr. D. Ariz. Case Nos. 16-10282 and 16-10283) before
Judge Paul Sala.  GF Finance listed total assets of $8.23 million
and total liabilities of $17.48 million as of the bankruptcy
filing.

A full-text copy of Morris C. Aaron's affidavit is available for
free at:

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


GIGA-TRONICS INC: Two Directors Won't Seek Re-Election
------------------------------------------------------
Giga-tronics Incorporated announced that on Aug. 31, 2016, two
directors, Garrett A. Garretson and Kenneth A. Harvey, communicated
to the Nominating and Governance Committee their respective
decisions not to stand for reelection to the Company's board of
directors at the annual shareholder meeting tentatively scheduled
for Oct. 26, 2016.  Their decisions were not related to any
disagreement with the Company on any matter relating to its
operations, policies or practices, as disclosed in a Form 8-K filed
with the Securities and Exchange Commission.

Mr. Garrettson, age 73, and Mr. Harvey, age 52, had served on the
board since 2006 and 2002, respectively.  The Nominating and
Governance Committee expects to nominate at least one candidate
Jaime Weston, to take one of the resulting openings but may
recommend that the board reduce the number of directors on the
board, in part to reflect the Company's reduction in the size of
its operations.

Mr. Weston is a managing director of Spring Mountain Capital
private equity group and has been with the firm since 2011.  Mr.
Weston was previously a Partner at The Wicks Group of Companies, a
private equity firm with close to $1 billion under management,
focused on selected segments of the information, education, and
media industries.  During his 15 years at Wicks, he was an integral
part of its investment and management activities, and served on the
board of directors of many of its portfolio companies.  While at
Wicks, he directly structured and negotiated more than 20
acquisitions and divestitures and worked on more than 40 additional
closed transactions.  Prior to Wicks, Mr. Weston worked at IBJ
Whitehall Bank & Trust Company and National Westminster Bancorp,
where he completed leveraged financings. Mr. Weston received his
M.B.A. from Fordham University and graduated cum laude from Drew
University with a B.A. in Economics.

                     About Giga-Tronics

Headquartered in San Ramon, California, Giga-tronics Incorporated
includes the operations of the Giga-tronics Division and
Microsource Inc. (Microsource), a wholly owned subsidiary.
Giga-tronics Division designs, manufactures and markets the new
Advanced Signal Generator (ASG) for the electronic warfare market,
and switching systems that are used in automatic testing systems
primarily in aerospace, defense and telecommunications.

As of June 25, 2016, Giga-Tronics had $12.12 million in total
assets, $9.17 million in total liabilities and $2.95 million in
total shareholders' equity.

                          Going Concern

The Company incurred net losses of $4.1 million and $1.7 million in
the fiscal years ended March 26, 2016 and March 28, 2015,
respectively.  These losses have contributed to an accumulated
deficit of $24.0 million as of March 26, 2016.

The Company has experienced delays in the development of features,
orders, and shipments for the new ASG.  These delays have
significantly contributed to a decrease in working capital from
$3.0 million at March 28, 2015, to $1.8 million at March 26, 2016.
The new ASG product has now shipped to several customers, but
potential delays in the development of features, longer than
anticipated sales cycles, or the ability to efficiently manufacture
the ASG, could significantly contribute to additional future losses
and decreases in working capital.

To help fund operations, the Company relies on advances under the
line of credit with Bridge Bank.  The line of credit expires on May
7, 2017.  The agreement includes a subjective acceleration clause,
which allows for amounts due under the facility to become
immediately due in the event of a material adverse change in the
Company's business condition (financial or otherwise), operations,
properties or prospects, or ability to repay the credit based on
the lender's judgement.  As of March 26, 2016, the line of credit
had a balance of $800,000, and additional borrowing capacity of
$906,000.

These matters, the Company said, raise substantial doubt as to its
ability to continue as a going concern.


GORAN PLEHO: Hawaii App. Remands Suit vs. Lacy Law Firm, et al.
---------------------------------------------------------------
In the case captioned GORAN PLEHO, LLC, a Hawaii Limited Liability
Company (dba Resorts Limousine Services), GORAN PLEHO, and ANA
MARIA PLEHO, Plaintiffs-Appellants/Cross-Appellees, v. DAVID W.
LACY, LACY AND JACKSON, LLLC, a Hawaii Limited Liability Law
Company, Defendants-Appellees/Cross-Appellants, and DRAGAN RNIC,
JOHN DOES 1-X, JANE DOES 1-X, and DOE ENTITIES 1-X,
Defendants-Appellees, No. CAAP-12-0000025, the Intermediate Court
of Appeals of Hawaii affirmed in part and vacated in part the
Circuit Court's January 9, 2012 Judgment and remanded this case to
the Circuit Court for further proceedings.

The Judgment is vacated with respect to the following: (1) Goran
and Maria's claims in Counts II, III, VIII, and XI, for relief
against the Lacy Parties for fraud, fraud in the inducement, legal
malpractice, and punitive damages; (2) the January 9, 2012 award of
attorneys' fees and costs to the Lacy Parties to the extent that it
held Goran and Maria jointly and severally liable to the Lacy
Parties, without prejudice to a renewed motion by the Lacy Parties
upon disposition of Goran and Maria's remanded claims; and (3) the
Circuit Court's ruling on Motion in Limine No. 2 and the admission
of Exhibit 27-G(7) to allow the Circuit Court, in the first
instance, to exercise its discretion on the Lacy Parties' request
for judicial estoppel.

This appeal arises out of the sale of Resorts Limousine Services, a
limousine service located on Hawaii Island, by Dragan Rnic to Goran
Pleho, LLC, a Hawaii limited liability company.  David W. Lacy
provided legal representation to one or more of the parties in the
transaction and drafted the relevant documents.  Following the
sale, GPLCC, Goran Pleho, and Ana Maria Pleho, brought claims
regarding the sale against Rnic, Lacy, and Lacy's law firm, Lacy
and Jackson, LLLC, as well as legal malpractice claims against Lacy
and L&J.  GPLLC's legal malpractice claims eventually went to
trial, resulting in a jury verdict in favor of the Lacy Parties.

The Pleho Parties appeal from the judgment entered by the Circuit
Court of the Third Circuit on January 9, 2012, in favor of Rnic and
the Lacy Parties on all claims asserted by the Pleho Parties. The
Lacy Parties cross-appeal from a July 8, 2011 order denying the
Lacy Parties' April 21, 2011 Motion in Limine No. 2, which
pertained to the trial on GPLLC's legal malpractice claims.

Among other things, the appellate court found that it appears from
the record that the Lacy Parties established each of these elements
as the Pleho Parties' position that GPLLC owes money to Goran
and/or Maria is factually incompatible with Goran and Maria's
failure to identify such indebtedness as an asset on its bankruptcy
schedules, the bankruptcy court made various rulings based on the
Plehos' assertions concerning their assets and liabilities, and
GPLLC (and, on remand, perhaps Goran and Maria), seek to take
unfair advantage by using evidence of this indebtedness as a
measure of damages for its claims against the Lacy Parties.

It further appears, however, that the Circuit Court erroneously
concluded that the issue was a matter of credibility rather than
admissibility, and did not reach the exercise of its discretion on
whether to judicially estop the Pleho Parties from asserting the
factually incompatible position in this case, the appellate court
said.  Thus, the appellate court vacates the Circuit Court's ruling
on Motion in Limine No. 2 and the admission of Exhibit 27-G(7) to
allow the Circuit Court, in the first instance, to exercise its
discretion on the Lacy Parties' request for judicial estoppel.

A full-text copy of the Amended Memorandum Opinion dated August 26,
2016 is available at https://is.gd/XBRbJY from Leagle.com.

Peter Van Name Esser, Esq. for
Plaintiffs-Appellants/Cross-Appellees.

Keith K. Hiraoka, Esq. -- aroeca@rlhlaw.com, Jodie D. Roeca, Esq.
-- jroeca@rlhlaw.com, Norman K. Odani, Esq. -- nodani@rlhlaw.com
--(Roeca Luria Hiraoka, LLP), for
Defendants-Appellees/Cross-Appellants.

Robert G. Klein, Esq., David J. Minkin, Esq. -- (McCorriston Miller
Mukai MacKinnon), and Sean Claggett, Esq. -- Claggett & Sykes Law
Firm for Defendant-Appellee DRAGAN RNIC.


GRAY TELEVISION: Moody's Assigns B2 Rating to New $525MM Notes
--------------------------------------------------------------
Moody's Investors Service assigned a B2 rating to Gray Television,
Inc.'s (Gray or the Company) proposed $525 million of new notes due
2024. In connection with this assignment, Moody's also upgraded
Gray's existing 5.875% notes due 2026 to B2. The 2026 notes,
originally issued in June, are proposed to increase by $200 million
in today's transaction. The proceeds from the offering, plus cash,
will be used to tender for the $675 million 7.5% Senior Notes due
2020. The remaining proceeds will be used to fund the redemption,
accrued interest, and transaction fees. Moody's said, “We expect
the transaction to favorably extend the company's maturity profile
but add approximately $50 million of incremental debt, raising
leverage but only slightly. The B3 rating on Gray's $675 million
notes is upgraded to B2 consistent with the rating action and
subsequently withdrawn at deal close. All other ratings are
unchanged and the outlook remains stable.”

The upgrade to the notes reflects the shift in Gray's capital
structure which includes more unsecured debt than initially
expected. Moody's said, "Previously, we assumed there would be more
secured bank debt in the capital structure. With less higher
priority debt in Gray's capital structure, the company's unsecured
debt is subject to a more favorable recovery rate."

Upgrades:

   Issuer: Gray Television, Inc.

   -- Senior Unsecured Regular Bond/Debenture, Upgraded to B2
      (LGD4) from B3 (LGD5)

Assignments:

   Issuer: Gray Television, Inc.

   -- Senior Unsecured Regular Bond/Debenture, Assigned B2 (LGD4)

RATINGS RATIONALE

Gray's B1 Corporate Family Rating reflects improved but elevated
leverage expected to be less than 5x (Moody's adjusted debt-to-2
year average EBITDA, pro forma for announced transactions) by the
end of 2016. Moody's said, “In addition, we expect only modest
coverage ratios including EBITDA-CAPEX/Interest (Moody's adjusted)
and FCF-Non-cash interest / Debt of 2.7x-3.1x and 7%-9%,
respectively. Supporting the rating is a strong market position
with a long track record of #1 and #2 ranked positions in the vast
majority of its 53 markets. Coupled with low syndication costs, top
ranked local news programming, and one of the largest affiliates
among the top broadcasters, the company generates high EBITDA
margins exceeding 38% (including Moody's standard adjustments).
Gray also benefits more than its peer group from demand for
political advertising during election years with a heavy geographic
concentration in the common battleground states which also fuels
EBITDA growth.”

The stable rating outlook reflects Moody's view that organic growth
in core ad sales will remain steady, in the low single digit
percentage range over the next 12 months. The outlook also assumes
leverage will fall below 5.0x.

The principal methodology used in these ratings was Global
Broadcast and Advertising Related Industries published in May 2012.


Gray Television, Inc., headquartered in Atlanta, GA, is a
television broadcaster serving (pro forma for announced
acquisitions) 53 mid-sized markets (ranked #62 to #209) covering
roughly 10.1% of US households. Network affiliations will include
36 CBS, 27 NBC, 20 ABC, and 14 FOX channels. The company will
operate the #1 or #2 ranked stations in 52 of 53 markets. Gray is
publicly traded and its shares are widely held. The family and
affiliates of the late J. Mack Robinson collectively own
approximately 12% of the common stock. The dual class equity
structure provides these affiliated entities with roughly 44% of
the voting control. Estimated average annual revenue pro forma for
announced transactions exceeds $790 million.


GREAT BASIN: Receives Noncompliance Notice from Nasdaq
------------------------------------------------------
Great Basin Scientific, Inc., received on Aug. 31, 2016, a letter
from The Nasdaq Stock Market stating that the bid price of the
Company's common stock for the last 30 consecutive trading days had
closed below the minimum $1.00 per share required for continued
listing under Listing Rule 5550(a)(2), as disclosed in a Form 8-K
filing with the Securities and Exchange Commission.

The Letter does not result in the immediate delisting of the
Company's common stock, and the stock will continue to be listed on
The Nasdaq Capital Market under the symbol "GBSN" during the
180-day grace period.  The Company is considering its options for
regaining compliance to allow for continued listing on The Nasdaq
Capital Market and intends to take appropriate action before the
end of the 180-day grace period, including a potential reverse
stock split to be considered by the Company's shareholders at the
Company's annual meeting to be held on Sept. 12, 2016.

The Letter states that the Company has until Feb. 27, 2017, to
demonstrate compliance by maintaining for a minimum of ten
consecutive business days a minimum closing bid price of at least
$1.00.

In the event the Company does not regain compliance with the Bid
Price Rule within the 180-day grace period, it may be eligible to
receive an additional 180-day grace period; provided, that the
Company meets the continued listing requirement for market value of
publicly held shares and all other initial listing standards for
The Nasdaq Capital Market, with the exception of the Bid Price
Rule, and provides written notice of its intention to cure the Bid
Price Rule deficiency during the second 180-day grace period, by
effecting a reverse stock split, if necessary.

If it appears to the Nasdaq staff that the Company will not be able
to cure the deficiency of the Bid Price Rule or if the Company is
not otherwise eligible for the additional grace period, the
Company's common stock will be subject to delisting by Nasdaq.

                       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.


HAL PRESTON WHITNEY: Disclosures OK'd; Plan Hearing on Oct. 12
--------------------------------------------------------------
The Hon. Michael E. Romero of the U.S. Bankruptcy Court for the
District of Colorado has approved the disclosure statement filed by
Hal Preston Whitney in support of the first amended plan filed by
the Debtor.

A hearing for consideration of confirmation of the Plan will be
held on Oct. 12, 2016, at 1:30 p.m.  Any objection to confirmation
of the Plan must be filed with the Court by Sept. 29, 2016.

As reported by the Troubled Company Reporter on June 15, 2016, the
Debtor filed with the Court a third amended Chapter 11 plan and
accompanying disclosure statement proposing to pay all creditors,
including general unsecured creditors, in full with interest.
General unsecured creditors will be paid 100% of the principal
amount of their allowed unsecured claim over five years.  General
unsecured creditors will be paid interest at the Federal mid-term
interest rate on one year U.S. Treasury Bonds as of the Effective
Date on the allowed amount of their claims over that five-year
period.

Ballots accepting or rejecting the Plan must be submitted by the
holders of all claims or interests on or before 5:00 p.m. on Sept.
29, 2016.

The deadline to file a complaint to object to the Debtor's
discharge is Oct. 12, 2016.

Hal Preston Whitney operates as a dentist through two entities in
northeastern Colorado.

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. D.
Colo. Case No. 15-22819).  The Debtor is represented by Jonathan M.
Dickey, Esq., and Kenneth J. Buechler, Esq., at Buechler & Garber,
L.L.C., serves as the Debtor's bankruptcy counsel.


HHH CHOICES: PCO to File 4th Report on Sept. 12
-----------------------------------------------
David N. Crapo, the Patient Care Ombudsman for HHH Choices Health
Plan, LLC, et al., informed the United States Bankruptcy Court for
the Southern District of New York that he will be filing his fourth
written Ombudsman Report on September 12, 2016.

To obtain a copy of the Report, contact:

       David N. Crapo, Esq.
       GIBBONS P.C.
       One Gateway Center
       Newark, NJ 07102-5310
       Tel. 973-596-4523
       Fax. 973-639-6244
       E-mail: dcrapo@gibbonslaw.com

           About HHH Choices Health Plan

Three alleged creditors owed about $1.9 million submitted an
involuntary Chapter 11 petition for HHH Choices Health Plan, LLC on
May 4, 2015 (Bankr. S.D.N.Y. Case No. 15-11158) in Manhattan.

The petitioners are The Royal Care, Inc., (allegedly owed
$772,762), Amazing Home Care Services ($1,178,752), and InterGen
Health LLC ($42,298), all claiming that they are owed by the Debtor
for certain services rendered.  They all tapped Marc A. Pergament,
Esq., at Weinberg, Gross & Pergament, LLP, in Garden City, New
York, as counsel.

With the consent from the board of directors, the Debtor filed a
notice of consent to order for relief on June 1, 2015, and an order
for relief was entered on June 22, 2015.

Judge Michael E. Wiles oversees the case.

On Jan. 14, 2016, this Court entered an order administratively
consolidating the chapter 11 case of the Debtor with the chapter 11
cases of its affiliates, HHH Choices Health Plan, LLC and Hebrew
Hospital Home of Westchester, Inc. (Case Nos. 15-11158, 15-13264,
and 16-10028).  

HHH Choices Health Plan, LLC tapped Harter Secrest & Emery LLP as
legal counsel.

On Dec. 28, 2015, the U.S. Trustee for Region 2, appointed five
members to the Committee.  The current members of the Committee
are: (a) 1199 SEIU Benefit and Pension Funds; (b) Andrea Taber,
Esq. on behalf of Lucille and Selig Popik; (c) Richard A. Bobbe;
(d) Mary Blumenthal-Lane on behalf of Julie Blumenthal; and (e)
Peter Clark on behalf of Ann Clark.

Thomas R. Califano, Esq. at DLA Piper LLP (US), represents the
Committee.  The panel tapped CohnReznick LLP, as its financial
advisor.


HIGHWAY 72 PROPERTIES: Taps Sheade Law Office as Legal Counsel
--------------------------------------------------------------
Highway 72 Properties, Inc. seeks approval from the U.S. Bankruptcy
Court for the District of Colorado to hire Sheade Law Office, LLC.

Sheade Law Office will serve as the Debtor's legal counsel in
connection with its Chapter 11 case.  The services to be provided
by the firm include advising the Debtor of its powers and duties,
preparing legal papers, and representing the Debtor at the meeting
of creditors.

Joshua Sheade, Esq., the attorney designated to represent the
Debtor, will be paid $2750 per hour for his services.  Meanwhile,
the Debtor proposes to pay the firm's associates and paralegals
$150 per hour and $100 per hour, respectively.

In a court filing, Mr. Sheade disclosed that the firm is a
"disinterested person" as defined in section 101(14) of the
Bankruptcy Code.

The firm can be reached through:

     Joshua B. Sheade, Esq.
     Sheade Law Office, LLC
     1159 Delaware Street
     Denver, CO 80202
     Tel.: (314) 650-7183
     Email: joshua.sheade@gmail.com

                  About Highway 72 Properties

Highway 72 Properties, Inc. sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. D. Colo. Case No. 16-17762) on August
4, 2016.


HILTZ WASTE: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: Hiltz Waste Disposal, Inc.
           fdba Hiltz Equipment Leasing Corp.
        24 Kondelin Road
        Glaucester, MA 01930

Case No.: 16-13459

Chapter 11 Petition Date: September 7, 2016

Court: United States Bankruptcy Court
       District of Massachusetts (Boston)

Judge: Hon. Joan N. Feeney

Debtor's Counsel: Jeffrey J. Cymrot, Esq.
                  SASSON AND CYMROT, LLP
                  84 State St.
                  Boston, MA 02109
                  Tel: (617) 720-0099
                  E-mail: jcymrot@sassooncymrot.com

                     - and -

                  Aaron S. Todrin, Esq.
                  SASSOON & CYMROT, LLP
                  84 State Street, Suite 820
                  Boston, MA 02109
                  Tel: 617-720-0099
                  E-mail: atodrin@sassooncymrot.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Deborah S. Hiltz, president.

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/mab16-13459.pdf


HOOVER WELL SERVICE: No Consent for Cash Use From Smith Trust
-------------------------------------------------------------
James R. Smith, Jr. informs the U.S. Bankruptcy Court for the
District of Arizona of the Smith Trust's non-consent to Hoover Well
Service, LLC's use of its cash collateral.

Mr. Smith, as Trustee for the Smith Trust, is the holder of a first
position security interest and assignment of rents in Debtors Tommy
and Terry Hoover's commercial real property located at 930 West
Gila Bend Highway, Casa Grande, Arizona.

Mr. Smith tells the Court that the Smith Trust's cash collateral
consists of rents received from the lease of the Property.  He
believes that the Property is generating rents pursuant to Tommy
and Terry Hoover's schedules that would be subject to the Smith
Trust's assignment of rents.

A full-text copy of the Smith Trust's Notice of Non-Consent, dated
Aug. 31, 2016, is available at https://is.gd/CcGvnO

James R. Smith is represented by:

          Mark J. Giunta, Esq.
          Liz Nguyen, Esq.
          LAW OFFICE OF MARK J. GUINTA
          245 West Roosevelt Street, Suite A
          Phoenix, AZ 85003
          Telephone: (602) 307-0837
          E-mail: markguinta@guintalaw.com
                  liz@guintalaw.com

                       About Hoover Well Service

Headquartered in Casa Grande, Arizona, Hoover Well Service, LLC,
filed for Chapter 11 bankruptcy protection (Bankr. D. Ariz. Case
No. 16-03734) on April 8, 2016, estimating its assets and
liabilities at between $1 million and $10 million each.  The
petition was signed by Tommy John Hoover, member.

Judge Scott H. Gan presides over the case.

Dean M. Dinner, Esq., and David Anthony McCarville, Esq., at
Nussbaum Gillis & Dinner, P.C., serves as the Debtor's bankruptcy
counsel.


HORSEHEAD HOLDINGS: Shareholders Fall Short in Bankruptcy Fight
---------------------------------------------------------------
The American Bankruptcy Institute, citing Tom Hals of Reuters,
reported that Horsehead Holding Corp was cleared to exit bankruptcy
although a U.S. judge acknowledged that allegations by the zinc
producer's shareholders that their investment was being unfairly
wiped out came very close to derailing the company's plan.

According to the report, Horsehead can now proceed with its plan
that will eliminate most of its $427 million in pre-bankruptcy
debt, cancel its stock and allow the company to emerge from Chapter
11 under the control of its noteholders, led by Greywolf Capital
Management.

"This was one of the most difficult decisions in my 10 years on the
bench," the report cited U.S. Bankruptcy Judge Christopher Sontchi
as saying at a hearing in Wilmington, Delaware.

Horsehead had to defend its plan during a three-day trial against
allegations by an official equity committee that noteholders were
enriching themselves at shareholders' expense, the report related.

The shareholders attacked a valuation by the Lazard investment bank
and argued that Horsehead was a "loan-to-own" play by secured
noteholders, who bought the company's debt at a discount and then
provided a bankruptcy loan with strict provisions, the report
further related.

Judge Sontchi said the noteholders "shot themselves in the foot" by
including a "no-shop" provision in the bankruptcy loan, the report
cited.  Without it, the company could have tested its value with an
auction and avoided the trial that largely turned on experts'
competing views of valuation, the report noted.

                   About Horsehead Holding Corp.

Horsehead Holding Corp. is the parent company of Horsehead
Corporation, a U.S. producer of specialty zinc and zinc-based
products and a recycler of electric arc furnace dust; The
International Metals Reclamation Company, LLC, a leading recycler
of metals-bearing wastes and a leading processor of nickel-cadmium
(NiCd) batteries in North America; and Zochem Inc., a zinc oxide
producer located in Brampton, Ontario. Horsehead, headquartered in
Pittsburgh, Pa., has seven facilities throughout the U.S. and
Canada. The Debtors currently employ approximately 730 full-time
individuals.

Horsehead Holding Corp., Horsehead Corporation, Horsehead Metal
Products, LLC, The International Metals Reclamation Company, LLC,
and Zochem Inc. filed Chapter 11 bankruptcy petitions (Bankr. D.
Del. Case Nos. 16-10287 to 16-10291) on Feb. 2, 2016. The Petition
was signed by Robert D. Scherich as vice president and chief
financial officer. Judge Christopher S. Sontchi is assigned to the
case.

The Debtors have engaged Kirkland & Ellis LLP as general counsel,
Pachulski Stang Ziehl & Jones LLP as local counsel, RAS Management
Advisors, LLC, as financial advisor, Lazard Middle Market LLC as
investment banker, Epiq Bankruptcy Solutions, LLC, as claims and
noticing agent and Aird & Berlis LLP as Canadian counsel.

The Debtors disclosed total assets of $1 billion and total
liabilities of $544.6 million.  As of the Petition Date, the
Debtors' consolidated long-term debt obligations totaled
approximately $420.7 million.

Andrew Vara, acting U.S. trustee for Region 3, appointed seven
creditors of Horsehead Holding Corp. to serve on the official
committee of unsecured creditors. Lowenstein Sandler LLP serves as
counsel to the Committee, while Drinker Biddle & Reath LLP serves
as co-counsel. The Unsecured Creditors Committee is represented by
Kenneth A. Rosen, Esq., Bruce Buechler, Esq., and Philip J. Gross,
Esq., at Lowenstein Sandler LLP.

The U.S. Trustee's office appointed Aquamarine Capital and six
others to serve on Horsehead Holding Corp.'s committee of equity
security holders.  The Equity tapped Nastasi Partners as its
bankruptcy co-counsel; Richards, Layton & Finger P.A. as its
co-counsel; and SSG Capital Advisors, LLC as its financial advisor.


HOVBROS ROESVILLE: Hires Gavin/Solmonese as Financial Advisor
-------------------------------------------------------------
HovBros Roesville, LLC, seeks authority from the U.S. Bankruptcy
Court for the District of New Jersey to employ Gavin/Solmonese LLC
as financial consultant and advisor to the Debtor.

HovBros Roesville requires Gavin/Solmonese to assist Debtor in
preparing a Confidential Financing Memorandum, canvass prospective
financing sources, obtain executed nondisclosure agreements in
cooperation with Debtor's legal counsel, solicit proposals from
prospective financing sources, negotiate financing terms and
documentation in cooperation with Debtor's legal counsel, make
recommendations to Debtor concerning the financing proposals
submitted, and support the due diligence process through to
closing.

Gavin/Solmonese will be paid as follows:

   a. 5% of the first $20,000,000 raised, refinanced, debt
      purchased or forgiven, plus;

   b. 3% of financing raised, debt refinanced, purchased or
      forgiven above $20,000,000 and below $30,000,000, plus;

   c. 2% of financing raised, debt refinanced, purchased or
      forgiven above $30,000,000.

To the best of the Debtor's knowledge the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code and does not represent any interest adverse to the Debtor and
its estates.

Gavin/Solmonese can be reached at:

     Edward T. Gavin
     GAVIN/SOLMONESE
     919 N Market Street, Suite 600
     Wilmington, DE 19801
     Tel: (302) 655-8997
     Fax: (302) 655-6063

                   About Hovers Roesville, LLC

Hovers Roesville, LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. N.J. Case No. 16-23024) on July 6, 2016.
The petition was signed by Peter Hovnanian, managing member. The
case is assigned to Hon. Jerrold N. Poslusny Jr. Albert A. Ciardi,
III, Esq., of Ciardi Ciardi & Astin serves as counsel to the
Debtors.

The Debtor disclosed total assets of $1 million to 10 million and
total debts of $10 million to $50 million.

No official committee of unsecured creditors has been appointed in
the case.



HUBER FARRAN: Oct. 27 Disclosure Statement Hearing
--------------------------------------------------
Huber Farran and Horencia Farran ask the U.S. Bankruptcy Court for
the Central District of California to approve the second amended
disclosure statement explaining their plan of reorganization at a
hearing scheduled for Oct. 27, 2016, at 1:30 p.m.

The Debtors propose to pay the lender based on its allowed secured
claim of $801,955 amortized over forty years at interest rate of
5%.  The Debtors propose to pay monthly payment of $3,867 for
interest and principal plus an escrowed payment of $960 per month
for property taxes.

The Debtors' attorney fees and costs to A.O.E Law & Associates are
estimated to be approximately $7,000.  The actual administrative
claims may be higher or lower.

Based on the Debtors' liquidation analysis, the Debtors have
proposed a 1% plan whereby their unsecured claims will be paid over
a 5 year period with quarterly payments of $315 beginning on the
effective date of the plan.

Huber Farran and Hortencia Farran filed a Chapter 11 petition
(Bankr. C.D. Cal. Case No. 15-25357) on October 5, 2015, and is
represented by Kevin Tang, Esq.


IMOGENE AND WILLIE: Petitioning Creditors Seek Ch. 11 Trustee
-------------------------------------------------------------
Robert Lamey and Paige Heid, minority members and the largest
creditors of Imogene and Willie, LLC, filed a motion asking the
United States Bankruptcy Court District of Colorado to direct the
appointment a Chapter 11 Trustee to assume possession and control
of the Debtor.

The Debtor is engaged in the business of designing, manufacturing,
and selling denim blue jeans.

Lamey and Heid jointly own 46.5% and the Eddmensons, another
investor who opened retail locations for the Debtor, own an
additional 46.5% of the Debtor's equity member interests. The
Eddmensons sought Lamey's investment in the Debtor, assuring Lamey
that, if he would invest significant money, the Eddmensons would
wisely and completely allocate those funds toward the Debtor's
growth and development. In the case, the Eddmensons did not deliver
on that assurance, the creditors said.

The Eddmensons knowingly and intentionally induced Lamey and Heid
to loan US$1.5 million to the Debtor while concealing their true
intentions -- intentions they manifested with action -- to spend
the Debtor's borrowed money on themselves to support a lavish
lifestyle of personal indulgence while failing to meet any of the
critical deadlines for developing a wholesale business, the
creditors added.

In light of the fraud, dishonesty, and gross mismanagement of the
Debtor's affairs by the Eddmensons -- the Debtor's controlling
members, managers, and presidents, Lamey and Heid respectfully
request that the Court immediately order the appointment of a
chapter 11 trustee for the best interests of the Debtor's creditors
and estate by protecting what remains of the Debtor's operations
and assets and preserving the Debtor's value for the benefit of the
Debtor's creditors.

                         About Imogene and Willie

Imogene and Willie, LLC is engaged in the business of designing,
manufacturing, and selling denim blue jeans.  The Debtor was
founded by Carrie and Matthew Eddmenson, husband and wife who
reside in California, in or about January 2009 in Nashville, TN.

The Debtor opened a facility in Tennessee and began making and
selling jeans there in early 2009.  The Eddmensons subsequently
opened a retail location at 2601 12th Avenue South, Nashville,
Tennessee, and later opened a second location at 1306 W Burnside
Street, Portland, Oregon.  The Debtor's jeans were also sold in
other upscale retail stores nationwide and online through the
Debtor's website.

Lamey and Heid are a married couple and citizens of Colorado. Since
July 19, 2013, Lamey and Heid jointly own 46.5% and the Eddmensons
own an additional 46.5% of the Debtor's equity member interests.
41 Lyons Plain Road, LLC owns the remaining 7% of the Debtor's
equity member interests.


INSTITUTE OF CARDIOVASCULAR: Hires Ackerman as Special Counsel
--------------------------------------------------------------
Institute of Cardiovascular Excellence, PLLC, et al., seek
authority from the U.S. Bankruptcy Court for the Middle District of
Florida to employ Ackerman, LLP as special transactional counsel to
the Debtors.

The Debtors' exclusive right to file a Plan of Reorganization
expired on August 18, 2016. Their exclusive right to solicit
acceptances to their Plan will expire on October 17, 2016.

The Debtors tell the Court that there is an ongoing sale process of
their assets, the result of which will have a material impact on
any plan.  The Debtors further tell the Court that their proposed
settlement agreement with the US Government and Florida State
Government, which is yet to be approved, will have a material
impact on the plan as well.

Institute of Cardiovascular requires Ackerman to draft the asset
purchase agreement and related documents which a stalking horse and
all other bidders will execute as part of the auction process
whereby the Debtors' assets will be sold.

Ackerman will be paid at these hourly rates:

     D. Brett Marks        $500
     Attorneys             $300-$600

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

D. Brett Marks, member of Ackerman, 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.

Ackerman can be reached at:

     D. Brett Marks, Esq.
     350 East Las Olas Blvd., Suite 1600
     Fort Lauderdale FL 33301
     Tel: (954) 463-2700
     E-mail: brett.marks@akerman.com.

                    About Institute of Cardiovascular

Institute of Cardiovascular Excellence, PLLC, based in Ocala,
Florida, filed a Chapter 11 petition (Bankr. M.D. Fla. Case No.
16-01491) on April 20, 2016. Aaron A Wernick, Esq., at Furr &
Cohen, PA, serves as counsel to the Debtor. In its petition, the
Debtor estimated $0 to $50,000 in assets and $10 million to $50
million in liabilities. The petition was signed by Asad Qamar,
manager.

No official committee of unsecured creditors has been appointed in
the case.



JENSEN INDUSTRIES: Seeks Authority to Use $48K Cash Monthly
-----------------------------------------------------------
Jensen Industries, Inc., asks the U.S. Bankruptcy Court for the
Eastern District of Michigan for authorization to use cash
collateral.

The Debtor relates that, according to a UCC search performed by the
Debtor's counsel, the Internal Revenue Service, the Unemployment
Insurance Agency, and the State of Michigan have liens against
Debtor’s assets.

The Debtor believes that the IRS is owed $375,000; the State of
Michigan is owed $57,678 is owed; and that the UIA is owed
$13,207.

The Debtor contends that it will suffer irreparable harm if it is
not able to use cash collateral to pay for ordinary and necessary
ongoing business expenses.  The Debtor further contends that it
wants to spend up to $48,475.00 per month on inventory, wages,
insurance, utilities, repairs/maintenance, other ordinary and
necessary operating expenses and US Trustee fees.

Jenny Moule, the Debtor's CFO, tells the Court that the Debtor's
revenues are are approximately $50,000.00 a month.  She further
tells the Court that the Debtor's secured creditors would not be
harmed by the Debtor's use of cash collateral as the Debtor
maintains a stable level of cash, and its assets are not
depreciating.

A full-text copy of the Debtor's Motion, dated August 31, 2016, is
available at https://is.gd/gSWnXP

Jensen Industries, Inc. is represented by:

          Peter T. Mooney, Esq.
          SIMEN, FIGURA & PARKER, PLC
          5206 Gateway Centre #200
          Flint, MI 48507
          Telephone: (810) 235-9000
          E-mail: pmooney@sfplaw.com

The case is In re Jensen Industries, Inc. (Bankr. E.D. Mich. Case
No. 16-31959).


KEY ENERGY: Common Stock Delisted from NYSE
-------------------------------------------
The New York Stock Exchange LLC filed with the Securities and
Exchange Commission a Form 25-NSE notifying the removal from
listing or registration of Key Energy Services Inc.'s common stock
on the Exchange.  

                       About Key Energy

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

Key Energy reported a net loss of $917.70 million on $792.32
million of revenues for the year ended Dec. 31, 2015, compared to a
net loss of $178.62 million on $1.42 billion of revenues for the
year ended Dec. 31, 2014.

As of March 31, 2016, the Company had $1.22 billion in total
assets, $1.16 billion in total liabilities and $58.87 million in
total equity.

                         *    *    *

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

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


KEY ENERGY: Elects to Not Pay $22.8M Notes Interest Due Sept. 1
---------------------------------------------------------------
As contemplated by the terms of the plan support agreement, dated
Aug. 24, 2016, by and among Key Energy Services, Inc., and certain
of its subsidiaries, Platinum Equity and certain of the other
holders of the Company's 6.75% Senior Notes due 2021, representing
an aggregate of 89.1% in principal amount of the Senior Notes, and
certain of the lenders under Key's Term Loan Credit Agreement dated
June 1, 2015, the Company elected not to make its interest payment
of $22,781,250 due on Sept. 1, 2016, with respect to its Senior
Notes.  The indenture governing the Senior Notes permits the
Company a 30-day grace period to make the interest payment.  If the
Company does not make the payment for 30 days, an event of default
is triggered under the indenture governing the Senior Notes and the
Senior Notes may become due and payable.  In addition, an event of
default under the indenture related to the Senior Notes would
trigger an event of default under the Company's ABL and Term Loan
facilities, as disclosed in a Form 8-K filing with the Securities
and Exchange Commission.

                       About Key Energy

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

Key Energy reported a net loss of $917.70 million on $792.32
million of revenues for the year ended Dec. 31, 2015, compared to a
net loss of $178.62 million on $1.42 billion of revenues for the
year ended Dec. 31, 2014.

As of March 31, 2016, the Company had $1.22 billion in total
assets, $1.16 billion in total liabilities and $58.87 million in
total equity.

                         *    *    *

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

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


KRONOS ACQUISITION: Moody's Gives Caa2 Rating on $235MM Add-On
--------------------------------------------------------------
Moody's Investor's Service assigned a Caa2 rating to Kronos
Acquisition Holdings Inc.'s proposed $235 million add-on issuance
to its existing $390 million senior unsecured notes due 2023. The
company's B3 corporate family rating ("CFR"), B3-PD probability of
default rating, B2 ratings on first lien term loans ($850 million
and $235 million), Caa2 rating on senior unsecured notes, SGL-2
speculative grade liquidity rating and stable outlook remain
unchanged. The B2 rating on the existing $235 million first lien
term loan will be withdrawn when the refinance transaction closes.

The company plans to use the proceeds from the add-on notes to
repay existing $235 million first lien term loan.

Ratings Assigned:

   -- $235 million Add-on Unsecured Notes due August 2023, Caa2
      (LGD5)

RATINGS RATIONALE

Kronos' B3 CFR primarily reflects its high leverage (pro forma
adjusted Debt/EBITDA of 7x), and Moody's opinions that organic
growth prospects are low and that management will not apply free
cash flow towards meaningful debt repayment. The rating considers
Kronos' sizeable share of the US private label bleach market, its
position as the largest contract manufacturer for blue-chip
consumer packaged goods customers, its good position in pool
additives, and its enhanced diversity following the Prestone
acquisition. In addition to its low growth profile, operating
results may be volatile given Kronos' relatively high exposure to
raw material costs. Moody's expects synergy benefits from recent
acquisitions and ongoing operational improvements in all businesses
to drive growth in EBITDA and together with modest debt repayment,
leverage should fall towards 6.5x in the next 12 to 18 months.

Kronos has good liquidity (SGL-2), supported by cash of $27 million
at Q2/2016, about $200 million of availability under its $300
million ABL revolver due August 2020, and Moody's expectation for
free cash flow of around $50 million in the next 4 quarters. These
sources are ample to meet term loan amortizations of $8.5 million
per year. Kronos does not have to comply with any financial
covenants unless ABL availability falls below $30 million, which
mandates compliance with a minimum fixed charge coverage ratio of
1x. Moody's does not expect this covenant to be restrictive for the
next 4 to 6 quarters. Access to alternative liquidity from asset
sales is unlikely because substantially all of the company's assets
are pledged as collateral for its credit facilities.

The outlook is stable and reflects Moody's expectation that Kronos'
businesses will remain relatively stable despite soft economic
conditions and that modest EBITDA growth and mandatory debt
repayment will enable leverage to decline towards 6.5x by the end
of 2017.

Moody's will consider upgrading Kronos' ratings if it maintains at
least adequate liquidity, proves an ability to generate consistent
positive free cash flow, and sustains adjusted Debt/EBITDA towards
5.5x along with RCF/Net Debt well above 10%. The ratings will be
downgraded if there is significant deterioration in operating
performance arising from volume or price declines and margin
contraction such that adjusted Debt/EBITDA is sustained towards 7x.
Kronos' ratings will also be downgraded if its liquidity
deteriorates, likely due to negative free cash flow generation on a
consistent basis.

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

Kronos Acquisition Holdings Inc., headquartered in Concord,
Ontario, manufactures a variety of household cleaning, personal
care, over-the-counter products, pool additives and automotive
fluids. Pro forma for recent acquisitions, revenue approaches $2.3
billion. Kronos is owned by Centerbridge Partners LLC.


LA PERRONA: Files Plan to Exit Ch. 11 Bankruptcy
------------------------------------------------
La Perrona Botas y Ropa I, LLC, and Ana Maria de Anda filed with
the U.S. Bankruptcy Court for the District of Airzona a First Joint
Disclosure Statement.

Class 1-F, which consists of Allowed Unsecured Claims against LPI,
and Class 2-Q, which consists of Allowed Unsecured Claims against
Anda, will be paid a pro-rata share from the Debtors' excess cash
flow, on a quarterly basis, in an amount sufficient to fund the
value of the Debtors' liquidation equity, after all senior allowed
claims have been paid in accordance with the terms of the Plan.

LPI anticipates the total amount of Allowed Unsecured Claims will
be approximately $170,910, owed for business-related debt.  De Anda
anticipates the total amount of Allowed Unsecured Claims will be
approximately $367,598 owed for business-related debt, lines of
credit, personal guaranties and credit card purchases.

De Anda's Plan will be funded by her postpetition earnings and
excess cash flow.  LPI's Plan will be funded by its operations and
excess cash flow.

A full-text copy of the Disclosure Statement dated Sept. 6, 2016,
is available at http://bankrupt.com/misc/16-00434-123.pdf

                         About La Perrona

La Perrona Botas Y Ropa I, LLC, sought protection under Chapter 11
of the Bankruptcy Code in the U.S. Bankruptcy Court for the
District of Arizona (Phoenix) (Bankr. D. Ariz., Case No. 16-00434)
on January 19, 2016.  The petition was signed by Ana De Anda,
member.

Ana Maria De Anda filed a Chapter 11 petition (Bankr. D. Ariz. Case
No. 16-00435) on January 19, 2016.  The cases are jointly
administered under LPI's Chapter 11 case.

De Anda is self-employed as a consultant and has 100% ownership
interest in LPI, which operates as a retail clothing store.

The Debtor is represented by Patrick F. Keery, Esq., at Hague
Keery
& McCue, PLLC.  The case is assigned to Judge Madeleine C.
Wanslee.

The Debtor estimated assets of $500,000 to $1 million and debts of
$1 million to $10 million.


LA4EVER LLC: Has Until Sept. 30 to Use Cash Collateral
------------------------------------------------------
Judge Julie A. Manning of the U.S. Bankruptcy Court for the
District of Connecticut authorized LA4Ever, LLC and LLCD, LLC to
use Southport Secured Lending Fund, LLC's cash collateral, from
Sept. 1, 2016 through Sept. 30, 2016.

The Debtor was authorized to pay expenses in the total projected
amount of $5,531.  The Debtor was also authorized to pay Southport
Secured Lending Fund the amount of $9,967.

The Debtors projected total expenses for the month of September
2016 in the amount of $3,483 for Debtor LA4ever and $2,048 for
Debtor LLCD.

Southport Secured Lending Fund was granted security interests in
all postpetition rents and leases, to the extent of its interest in
the cash collateral that may be proven, and to the extent that the
cash collateral is used, subject to all fees that will become due
to the Office of the U.S. Trustee.

A continued hearing on the use of cash collateral is scheduled on
Sept. 28, 2016 at 11:00 a.m.

A full-text copy of the Order, dated Aug. 31, 2016, is available at
https://is.gd/gSWnXP

                      About LA4Ever, LLC

LA4Ever, LLC and LLCD, LLC sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. D. Conn. Lead Case No. 15-30546) on
April 8, 2015.  The petition was signed by Daphne Benas, member.  

The Debtors are represented by Carl T. Gulliver, Esq., at Coan
Lewendon Gulliver & Miltenberger, LLC.  The case is assigned to
Judge Julie A. Manning.

At the time of the filing, LA4Ever estimated its assets at $500,000
to $1 million and debts at $1 million to $10 million.  LLCD
estimated its assets and debts at $500,000 to $1 million.



LARRY J. ADKINS: Wants to Use TD Bank Cash Collateral
-----------------------------------------------------
Larry J. Adkins Enterprises, Inc., doing business as High Level
Lounge & Package, asks the U.S. Bankruptcy Court for the Middle
District of Florida for authorization to use cash collateral.

The Debtor relates that it is indebted to TD Bank N.A., which has
liens on the Debtor's property, including the proceeds thereof.

The Debtor tells the Court that it will prepare a budget and
proposes to make an interest only payment in the amount of $1,235
to TD Bank, and grant the creditor with replacement liens as
necessary.

Larry J. Adkins Enterprises is represented by:

          Jason A. Burgess, Esq.
          1855 Mayport Road
          Atlantic Beach, FL 32233
          Telephone: (904) 354-5065
          E-mail: jason@jasonaburgess.com

A full-text copy of the Debtors' Motion, dated August 31, 2016, is
available at https://is.gd/YCsc36

             About Larry J. Adkins Enterprises
              dba High Level Lounge & Package

Larry J. Adkins Enterprises, Inc., sought protection under Chapter
11 of the Bankruptcy Code (Bankr. M. D. Fla. Case No. 16-03103) on
Aug. 15, 2016.  The Debtor is represented by Jason A. Burgess, Esq.


LEDGES LLC: Seeks Sept. 30  Plan Exclusivity Extension
------------------------------------------------------
Ledges, LLC requests the U.S. Bankruptcy Court for the District of
Nevada to extend the period within which the Debtor has the
exclusive right to file a Plan of Reorganization and solicit
approval of such Plan, through and including Sept. 30, 2016 and
through and including Nov. 30, 2016, respectively.

Absent the extension, the period during which the Debtor has the
exclusive right to file a Plan was scheduled to expire August 31,
2016 and the period to obtain acceptances thereof will expire on
October 28, 2016.

The Debtor relates that its senior secured lender, Hingham
Institution for Savings ("HIS") has filed a motion for relief from
the automatic stay, where a hearing was held on Aug. 16, 2016 and
the Court ordered the Debtor to file a disclosure statement and
plan of reorganization on or before Sept. 30, 2016.

                                About Ledges, LLC

Ledges, LLC, owns a real property located at 42 State Park Road,
Hull, Massachusetts, that consists of a vacant commercial building
that formerly was used as a restaurant.  The Debtor filed for
Chapter 11 bankruptcy protection (Bankr. D. Mass. Case No.
16-11680) on May 3, 2016.  John M. McAuliffe, Esq., at Mcauliffe &
Associates, P.C., serves as the Debtor's bankruptcy counsel.


LIBERTY INDUSTRIES: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------------
Debtor: Liberty Industries, L.C.
           dba Tower Innovations
        20 S.E. 3 Street
        Boca Raton, FL 33432

Case No.: 16-22332

Chapter 11 Petition Date: September 7, 2016

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

Judge: Hon. Erik P. Kimball

Debtor's Counsel: Robert C Furr, Esq.
                  FURR & COHEN
                  2255 Glades Rd #337W
                  Boca Raton, FL 33431
                  Tel: (561) 395-0500
                  Fax: (561) 338-7532
                  E-mail: bnasralla@furrcohen.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Barbara Wortley, managing member.

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/flsb16-22332.pdf


LIBERTY PROPERTIES: Case Summary & 8 Unsecured Creditors
--------------------------------------------------------
Debtor: Liberty Properties At Newburgh, L.C.
        20 S.E. 3 Street
        Boca Raton, FL 33432

Case No.: 16-22333

Chapter 11 Petition Date: September 7, 2016

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

Judge: Hon. Paul G. Hyman, Jr.

Debtor's Counsel: Robert C Furr, Esq.
                  FURR & COHEN
                  2255 Glades Rd #337W
                  Boca Raton, FL 33431
                  Tel: (561) 395-0500
                  Fax: (561) 338-7532
                  E-mail: bnasralla@furrcohen.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Barbara Wortley, managing member.

A copy of the Debtor's list of eight unsecured creditors is
available for free at http://bankrupt.com/misc/flsb16-22333.pdf


LIGHT TOWER: Moody's Affirms 'B2' Corporate Family Rating
---------------------------------------------------------
Moody's Investors Service affirmed Light Tower Rental's B2
Corporate Family Rating and revised the rating outlook to negative
from stable. At the same time, Moody's also affirmed the B2-PD
Probability of Default Rating, B2 rating on the senior secured
notes, and the SGL-3 Speculative Grade Liquidity Rating.

"The negative outlook reflects Moody's weakening outlook on Light
Tower's operating performance over the next 12 months as demand for
its products exposed to drilling and completion remains at soft
levels," said Moody's Analyst, Morris Borenstein. "While Light
Tower can reduce its capex to partially mitigate earnings declines,
sustained weakness in 2016 could lead to further negative rating
pressure."

Issuer: Light Tower Rentals, Inc.

Ratings affirmed:

Corporate Family Rating at B2;

Probability of Default Rating at B2-PD;

$330 million Senior Secured Notes at B2 (LGD4);

Speculative Grade Liquidity Rating at SGL-3;

The rating outlook has been changed to negative from stable.

RATINGS RATIONALE

The B2 CFR reflects LTR's small size and scale within the broader
oilfield services industry and exposure to the highly cyclical and
competitive onshore oilfield services market which is in the midst
of a severe downturn. As a result of a decline in demand for most
oilfield service equipment in LTR's portfolio, Moody's believe
debt/EBITDA will increase to over 4 times over the next twelve
months. LTR's business is also characterized by low barriers to
entry due to the un-contracted nature of rental revenues combined
with the relatively low-technology product offering.

The rating is supported by the company's relatively high EBITDA
margins, strong market position in oilfield-focused specialty
equipment rental market, and deep customer relationships developed
by management. The rating also acknowledges that while the products
represent a minimal proportion of the total well cost, they play a
critical component of well-site operations. Further supporting the
rating is the company's geographic diversity in the most active
hydrocarbon regions in the US, and product diversity. Because much
of the company's capex spending is related to replenishing its
fleet of equipment, the company can scale down those expenditures
as EBITDA and demand fall to support its liquidity.

LTR's SGL-3 Speculative Grade Liquidity rating reflects Moody's
expectations of adequate liquidity over the next twelve to fifteen
months. Headwinds in the energy sector will negatively impact LTR's
EBITDA and cash flows. Despite these headwinds, Moody's expects the
company to generate modest positive free cash flow, benefitting
from cash generated out of reduced accounts receivables and scaled
back capital expenditures in line with reduced activity levels.
Moody's expects LTR's $30 million ABL revolver to be largely
undrawn with periodic draws throughout the remainder of 2015 and
well into 2016. The credit agreement contains a 1.1 times springing
fixed charge coverage covenant that only applies when revolver
availability falls below $4 million, which Moody's does not expect.
Given that both the ABL and senior notes are secured, Moody's
believes the company would have a limited ability to raise cash for
liquidity through asset sales.

The ratings could be downgraded if earnings weaken such that EBITDA
to interest coverage approaches 2 times, debt to EBITDA is
sustained above 5 times or if the company's liquidity profile
weakens. The ratings outlook could be changed to stable if LTR's
earnings appear to have bottomed at levels that provide adequate
interest coverage with visibility toward sequential earnings
improvement. A rating upgrade is unlikely through 2016 given
Moody's expectation of a very slow recovery in onshore drilling
activity. The ratings could be upgraded If EBITDA increases above
$200 million while maintaining Debt/EBITDA below 3x.

The principal methodology used in these ratings was Global Oilfield
Services Industry Rating Methodology published in December 2014.
Other methodologies used include Loss Given Default for
Speculative-Grade Non-Financial Companies in the US, Canada and
EMEA published in June 2009. Please see the Credit Policy page on
www.moodys.com for a copy of these methodologies.

Light Tower Rentals, Inc. ("LTR") is a diversified well-site
specialty surface equipment rental and services provider which
generates revenue through the rental of products (power generators,
light towers, fluid handling, trailers and heaters) for use at oil
and natural gas well-sites. LTR is 57% owned by management and
private equity sponsor Clairvest Group Inc. with the remainder by a
group of other investors. Revenue for the twelve months ended March
31, 2015 was approximately $279 million.



LOUISIANA-PACIFIC CORP: Moody's Gives Ba3 Sr. Unsec. Notes Rating
-----------------------------------------------------------------
Moody's Investors Service assigned a Ba3 rating to
Louisiana-Pacific Corporation's (LP) new $350 million senior
unsecured notes offering. The net proceeds will be used to
repurchase the company's $350 million 7.5% senior unsecured notes
due 2020. The company's Ba2 corporate family rating, Ba2-PD
probability of default rating and SGL-1 liquidity rating are
unchanged. The new notes will rank behind the company's senior
secured revolving credit facility (unrated) and will be rated one
notch below the Ba2 corporate family rating, in accordance with
Moody's loss-given-default methodology. The outlook is stable.

"Louisiana-Pacific's existing ratings are unchanged as the
transaction is leverage neutral. We continue to expect the company
to maintain good operating performance and liquidity through
volatile industry conditions " said Ed Sustar, Senior Vice
President with Moody's.

Assignments:

   Issuer: Louisiana-Pacific Corporation

   -- Senior Unsecured Regular Bond/Debenture, Assigned Ba3(LGD4)

RATINGS RATIONALE

Louisiana Pacific (LP)'s Ba2 corporate family rating reflects the
company's leading North American market positions in oriented
strand board (OSB), engineered wood products and wood siding,
strong liquidity position and normalized leverage of about 3x using
5 year average OSB prices. LP controls about 20% of the OSB market
in North America and the company has a growing wood siding business
and an increasing Latin American manufacturing presence. However,
LP's financial performance is significantly influenced by OSB
pricing, which is among the most volatile commodity grades in the
paper and forest products industry. Moody's said, “We expect the
company will benefit as the US housing market improves towards
trend levels over the next few years. OSB prices are expected to
increase by about 20% in 2016 as industry supply is absorbed by
growing demand, and then remain flat in 2017 as OSB supply and
demand balance.”

LP's SGL-1 speculative grade liquidity rating reflects the
company's strong liquidity with about $275 million of available
cash (June 2016 cash of $475 million net of a $200 million minimum
cash covenant), and no borrowings under its $200 million committed
revolving credit facility, which matures in December 2018. Moody's
said, “We estimate the company will generate about $100 million
of free cash flow over the next year. We expect LP to remain in
compliance with its financial covenants and the company has no
significant debt maturities over the next several years.”

The stable outlook is based on our view that LP will be able to
maintain good operating performance and liquidity through volatile
industry conditions. It incorporates our expectation that the
financial performance of the company will remain strong over the
next 12 to 18 months as OSB prices stabilize as demand improves
with modestly increasing US housing starts. This is tempered by the
volatility in OSB pricing, which fluctuates significantly when
supply and demand are out of balance.

An upgrade would require a reduction in the volatility of the
company's financial performance through additional product
diversification away from OSB, and less reliance on US housing
starts, while maintaining strong leverage (RCF/TD) and interest
coverage measures above 20% and 4.5x respectively (28.7% and 4.3x
at June 2016, adjusted per Moody's standard definitions) on a
sustainable basis.

The rating could be downgraded if the company's liquidity
deteriorates or if we expect RCF/TD and interest coverage measures
to drop below 12% and 3x for a sustained period.

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

Headquartered in Nashville, Tennessee, Louisiana-Pacific
Corporation is a leading manufacturer and distributor of wood-based
building materials, primarily oriented strand board (OSB).


LUCKY # 5409: Court Extends Exclusive Plan Filing Period to Dec. 9
------------------------------------------------------------------
Judge Pamela S. Hollis of the U.S. Bankruptcy Court for the
Northern District of Illinois extended Lucky # 5409, Inc. and Azhar
Chaudhry's exclusive periods to file and confirm chapter 11 plans
of reorganization to December 9, 2016 and February 7, 2017,
respectively.

The Debtors previously sought the extension of their exclusive
periods to file and confirm their chapter 11 plans of
reorganization, which were originally set to expire September 10,
2016 and November 9, 2016.  The Debtors sought the extension of
their exclusive periods after their negotiations with IHOP
Restaurants LLC deteriorated.  The Debtors contended that they
required the extension to protect their rights as they were
proceeding unilaterally to file and confirm a plan.

                      About Lucky # 5409, Inc.

Lucky # 5409, Inc. and Azhar Chaudhry sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. N.D. Ill. Case No.
16-16264 and 16-16273) on May 13, 2016.  The cases are jointly
administered under Case No. 16-16264.  

The Debtors are represented by Kevin H. Morse, Esq., at Arnstein &
Lehr LLP. The Debtors estimated assets at $500,001 to $1 million
and liabilities at $100,001 to $500,000 at the time of the filing.



MARION AVENUE: Court Moves Plan Filing Deadline to Sept. 26
-----------------------------------------------------------
U.S. Bankruptcy Court Judge James L. Garrity, Jr. extended Marion
Avenue Management LLC's exclusive period during which only the
Debtor may file a plan from July 27, 2016 to Sept. 26, 2016, and
the concomitant exclusive period during which only the Debtor may
solicit acceptances or rejections to such plan of reorganization as
may be filed from Sept. 26, 2016 to Nov. 28, 2016.

The Troubled Company Reporter has reported earlier that the Debtor
has asked the Court to further extend its exclusive periods to file
a plan of reorganization and solicit acceptances of such plan for
an additional 60 days because of a personal injury action, as well
as a separate action for declaratory judgment against Public
Service Mutual Insurance Company to compel the insurance carrier to
defend and indemnify the Debtor against the tort claim based on
available insurance.  The Debtor is making preparation to propose a
plan even without final resolution of the declaratory judgment
action so that its Chapter 11 case can move forward under any
circumstances, however, the plan is not formulated.

                         About Marion Avenue Management LLC

Headquartered in New York, Marion Avenue Management LLC owns
certain commercial real property located at 314-326 East 194th
Street, Bronx, New York, with seven commercial tenants.  It filed
for Chapter 11 bankruptcy protection (Bankr. S.D.N.Y. Case No.
16-10213) on Jan. 29, 2016, listing $2.01 million in total assets
and $554,169 in total liabilities.  The petition was signed by Sion
Sohayegh, manager.

Judge James L. Garrity, Jr., presides over the case.

Ted Donovan, Jr., Esq., and Kevin J. Nash, Esq., at Goldberg Weprin
Finkel Goldstein LLP serve as the Debtor's bankruptcy counsel.


MIAMI TEES: Exclusive Plan Filing Period Extended to Jan. 4, 2017
-----------------------------------------------------------------
Judge A. Jay Cristol of the U.S. Bankruptcy Court for the Southern
District of Florida extended Miami Tees, Inc.'s exclusivity period
to file a plan of reorganization for 120 days, up to January 4,
2017.

The Debtor previously sought a 120-day extension of its exclusivity
period contending that it had insufficient time to formulate a
Chapter 11 Plan for filing and that it was working on various
issues with creditors and the United States Trustee.

                    About Miami Tees, Inc.

Miami Tees, Inc., filed a chapter 11 petition (Bankr. S.D. Fla.
Case No. 16-13346) on March 9, 2016.  The petition was signed by
Michael J. Chavez, president.

The Debtor is represented by William J. Maguire, Esq., at Maguire
Law Chartered. The case is assigned to Judge Jay A. Cristol.

The Debtor disclosed total assets of $1.86 million and total debt
of $1.42 million.



MIMM CONDOMINIUM: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: MIMM Condominium Association, Inc.
        c/o Management Office
        777 N.W. 72nd Ave
        Miami, FL 33126

Case No.: 16-22347

Chapter 11 Petition Date: September 7, 2016

Court: United States Bankruptcy Court
       Southern District of Florida (Miami)

Judge: Hon. Jay A. Cristol

Debtor's Counsel: David R. Softness, Esq.
                  DAVID R. SOFTNESS, P.A.
                  201 S Biscayne Blvd #2740
                  Miami, FL 33131
                  Tel: 305.341.3111
                  E-mail: david@softnesslaw.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Serdar Bozkurt, director.

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/flsb16-22347.pdf


MOUNTAIN WOOD: First Bank of Tennessee Wants to Prohibit Cash Use
-----------------------------------------------------------------
First Bank of Tennessee asks the U.S. Bankruptcy Court for the
Middle District of Florida to prohibit Mountain Wood Products, LLC
from using its cash collateral.

First Bank relates that the Debtor's equity interests are owned by
David and Sheryl Creely, who are debtors in a separate but related
bankruptcy case.

First Bank contends that it holds a mortgage and lien rights in
substantially all of the Debtor's property, which consists of a
wood drying and firewood plant located in Pikeville, Tennessee.
First Bank further contends that its loans are secured by first
liens on, among other property, the Debtor's inventory and accounts
receivable, and the proceeds thereof.

First Bank tells the Court that the Debtor listed significant
levels of inventory and accounts receivable on its Schedules.
First Bank believes that the Debtor and/or the Creeleys have been
removing and selling the Debtor's inventory from the Pikeville
Plant.  

First Bank says that the Debtor has not sought Court permission or
First Bank's consent to use the cash collateral.  First Bank
further says that its interest in the cash collateral is not
adequately protected and that it is asking the Court to prohibit
the Debtor from using cash collateral in an effort to prevent
further dissipation of the same.

A full-text copy of First Bank of Tennessee's Motion, dated Aug.
31, 2016, is available at https://is.gd/aN1MgG

First Bank of Tennessee is represented by:

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

                  About Mountain Wood Products

Mountain Wood Products, LLC sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. M. D. Fla. Case No. 16-07235) on Aug.
23, 2016.  The petition was signed by David L. Creeley, managing
member.  The Debtor is represented by Buddy D. Ford, Esq., at Buddy
D. Ford, P.A.  At the time of the filing, the Debtor disclosed
$6.64 million in  assets and $4.33 million in liabilities.


NAVISTAR INTERNATIONAL: Amends Settlement Agreement with MHR Group
------------------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, these reporting persons disclosed beneficial ownership
in Navistar International Corporation:

                                        Shares        Percent
                                     Beneficially       of
   Name                                  Owned         Class
   ----                              ------------     -------
MHR Institutional Partners III LP      14,980,528       18.4%
MHR Institutional Advisors III LLC     14,980,528       18.4%
MHR Fund Management LLC                16,225,000       19.9%
MHR Holdings LLC                       16,225,000       19.9%
Mark H. Rachesky, M.D.                 16,264,104       19.9%

The 16,264,104 shares of Common Stock owned by Dr. Rachesky
consists of (A) all of the shares of Common Stock by virtue of Dr.
Rachesky's position as the managing member of each of Advisors,
Institutional Advisors III and MHR Holdings, (B) 15,532 shares of
Common Stock held directly, (C) 20,000 shares of Common Stock that
can be obtained upon the exercise of certain stock options, and (D)
3,572 shares of Common Stock that can be obtained upon the
settlement of phantom stock units.

Dr. Rachesky may be deemed to have (x) the sole power to direct the
disposition of 16,264,104 shares of Common Stock which may be
deemed to be beneficially owned by Dr. Rachesky as described above,
and (y) the sole power to direct the voting of 16,264,104 shares of
Common Stock which may be deemed to be beneficially owned by him.

On Sept. 5, 2016, at the Company's request, the Reporting Persons,
together with certain of their affiliates, and the Company entered
into Amendment No. 2 to the Settlement Agreement, dated Oct. 5,
2012, as amended and restated by Amendment No. 1 to the Settlement
Agreement, dated July 14, 2013.  Pursuant to Amendment No. 2, the
Company is permitted to increase the maximum size of its board of
directors from ten to twelve directors.

A full-text copy of the regulatory filing is available at no charge
at https://is.gd/3igvzD

                   About Navistar International

Navistar International Corporation (NYSE: NAV) --
http://www.navistar.com/-- is a holding company whose             

subsidiaries and affiliates subsidiaries produce International(R)
brand commercial and military trucks, MaxxForce(R) brand diesel
engines, IC Bus(TM) brand school and commercial buses, Monaco RV
brands of recreational vehicles, and Workhorse(R) brand chassis
for motor homes and step vans.  It also is a private-label
designer and manufacturer of diesel engines for the pickup truck,
van and SUV markets.  The Company also provides truck and diesel
engine parts and service.  Another affiliate offers financing
services.

As of April 30, 2016, Navistar had $6.18 billion in total assets,
$11.3 billion in total liabilities and a total stockholders'
deficit of $5.12 billion.

                          *     *     *

In the July 22, 2015, edition of the TCR, Moody's Investors Service
affirmed Navistar International Corporation's Corporate Family
Rating at B3 and assigned a Ba3 rating to Navistar, Inc.'s new
$1.04 billion senior secured term loan due 2020.

Navistar carries a 'B-' issue-level rating from Standard & Poor's
Ratings Services and 'CCC' Issuer Default Ratings from Fitch
Ratings.


NAVISTAR INTERNATIONAL: Amends Settlement Pact With Icahn Group
---------------------------------------------------------------
The Icahn Group and Navistar International Corporation entered into
Amendment No. 2 to the Settlement Agreement dated Oct. 5, 2012, as
amended.  The Amendment to the Icahn Settlement Agreement  was made
and entered into as of Sept. 5, 2016, by and among the Company and
these reporting persons:

           Barberry Corp.
           Beckton Corp.
           Carl C. Icahn
           Icahn Capital LP
           Icahn Enterprises Holdings L.P.
           Icahn Enterprises G.P. Inc.
           Icahn Offshore LP
           Icahn Onshore LP
           Icahn Partners LP
           Icahn Partners Master Fund LP
           Icahn Partners Master Fund II LP
           Icahn Partners Master Fund III LP
           IPH GP LLC
           High River Limited Partnership
           Hopper Investments LLC

The parties agreed to amend and restate the last sentence of
Section 1(c)(v) of the Icahn Settlement Agreement as follows:

    "The Company agrees that, from and after September 5, 2016, so
     long as an Icahn Nominee is a member of the Board, the
     Company shall not take any action, or support any person who
     is seeking, to increase the size of the Board above twelve
     (12) directors, each having one vote on all matters."

                 About Navistar International

Navistar International Corporation (NYSE: NAV) --
http://www.navistar.com/-- is a holding company whose             

subsidiaries and affiliates subsidiaries produce International(R)
brand commercial and military trucks, MaxxForce(R) brand diesel
engines, IC Bus(TM) brand school and commercial buses, Monaco RV
brands of recreational vehicles, and Workhorse(R) brand chassis
for motor homes and step vans.  It also is a private-label
designer and manufacturer of diesel engines for the pickup truck,
van and SUV markets.  The Company also provides truck and diesel
engine parts and service.  Another affiliate offers financing
services.

As of April 30, 2016, Navistar had $6.18 billion in total assets,
$11.3 billion in total liabilities and a total stockholders'
deficit of $5.12 billion.

                          *     *     *

In the July 22, 2015, edition of the TCR, Moody's Investors Service
affirmed Navistar International Corporation's Corporate Family
Rating at B3 and assigned a Ba3 rating to Navistar, Inc.'s new
$1.04 billion senior secured term loan due 2020.

Navistar carries a 'B-' issue-level rating from Standard & Poor's
Ratings Services and 'CCC' Issuer Default Ratings from Fitch
Ratings.


NAVISTAR INTERNATIONAL: Volkswagen to Buy 19.9% Company Stake
-------------------------------------------------------------
Navistar International Corporation announced that it has formed a
wide-ranging strategic alliance with Volkswagen Truck & Bus, which
includes an equity investment in Navistar by Volkswagen Truck & Bus
and framework agreements for strategic technology and supply
collaboration and a procurement joint venture.

The agreements expected to be entered into in connection with the
alliance will enable Navistar to offer customers expanded access to
leading-edge products and services through collaboration on
technology and the licensing and supply of Volkswagen Truck & Bus's
products and components, while better optimizing its product
development spend.  The alliance will also strengthen Navistar's
liquidity position.  In addition, the procurement joint venture is
expected to leverage the purchasing power of Volkswagen Truck &
Bus's three major truck brands, Scania, MAN and Volkswagen
Caminhoes e Onibus, in addition to Navistar's own International and
IC Bus brands, providing Navistar with enhanced global scale.

Navistar expects significant synergies from both the strategic
technology collaboration and the procurement joint venture.  The
company expects the alliance to be accretive beginning in the first
year, and for cumulative synergies for Navistar to ramp up to at
least $500 million over the first five years.  By year five, it
expects the alliance will generate annual synergies of at least
$200 million for Navistar.  This annual run rate is expected to
grow materially thereafter as the companies continue to introduce
technologies from the collaboration.

"We are very pleased to partner with a global leader who shares our
view of the world, in an alliance that will deliver multiple
benefits and is consistent with our open-integration strategy,"
said Troy Clarke, president and CEO, Navistar.  "Starting in the
near term, this alliance will benefit our purchasing operations
through global scope and scale.  Over the longer term, it is
intended to expand the technology options we are able to offer our
customers by leveraging the best of both companies and enabling
Navistar to deliver enhanced uptime.  Volkswagen Truck & Bus's
equity investment will strengthen our liquidity position and expand
our financial flexibility, while aligning us with a valuable
strategic partner."

"Closer collaboration among our existing brands was a top priority
for our commercial vehicles business and we are well on track in
this context," said Andreas Renschler, CEO of Volkswagen Truck &
Bus and member of the Board of Management of Volkswagen AG
responsible for commercial vehicles.  "We are now taking the next
step on our way to becoming a Global Champion in the commercial
vehicles industry.  The strategic alliance with Navistar is an
important milestone and will be very beneficial for both sides."

Navistar said it will remain a leading, independent truck, bus and
engine company, focused on providing best-in-class products and
related services to its customers globally and delivering value for
its shareholders.

"We expect this alliance will create significant global scale,
yielding considerable cost savings for both companies," said Walter
Borst, executive vice president and chief financial officer,
Navistar.  "We believe working collaboratively, the two companies
can optimize the capital and engineering expenditures associated
with next-generation truck and bus engine development, while
providing both Navistar and Volkswagen Truck & Bus with
opportunities for substantial procurement savings.  This alliance
marks another step in Navistar's journey to be a stronger, more
profitable company."

                        Equity Investment

As part of the alliance, Volkswagen Truck & Bus will acquire 16.2
million newly issued shares in Navistar, representing 16.6% of
post-transaction undiluted common stock (or 19.9% of
pre-transaction outstanding common stock).  It will pay $15.76 per
share or a 25% premium over Navistar's 90-day volume weighted
average price as of Aug. 31, 2016, or 12% over Navistar's closing
price on Sept. 2, 2016.  Navistar will receive $256 million from
the equity investment to be used for general corporate purposes.

To underscore the long-term nature of the alliance, Volkswagen
Truck & Bus has agreed to hold these shares for a minimum of three
years.  Reflective of its shareholding post-transaction, Volkswagen
Truck & Bus will have the right to appoint two directors to
Navistar's board of directors.

                 Procurement Joint Venture

The procurement joint venture will help source parts for both
companies, providing Navistar and Volkswagen Truck & Bus with
greater scale and competitiveness.  It will also provide additional
opportunities for Navistar suppliers to gain access to potential
global sourcing opportunities, and create improved pricing for
end-customers.

                    Technology Sharing

The strategic technology and supply partnership builds on
Navistar's open integration strategy of partnering with the best
global companies in the industry to integrate cutting-edge
technology.  It is expected the partnership will focus on
powertrain technology solutions, as well as explore collaboration
in all aspects of commercial vehicle development, including
advanced driver assistance systems, connected vehicle solutions,
platooning and autonomous technologies, electric vehicles, and cab
and chassis components.  This enhanced collaboration will enable
the alliance to share the overall costs associated with future
vehicle development.

Navistar products will benefit from Volkswagen Truck & Bus
components and technology through licensing and supply agreements
entered into pursuant to the framework agreement for strategic
technology and supply collaboration, which longer term will
generate increased parts revenues.

                        Governance

The strategic alliance will receive oversight from an alliance
board, comprising top-level executives from both parties, which
will align the product development and procurement processes
between the companies.

               Timing and Conditions to Close

The closing of the share purchase agreement implementing the
strategic alliance is subject to certain regulatory approvals, the
finalization of the agreements governing the procurement joint
venture and the first contract under the technology and supply
framework agreement and other customary closing conditions.

J.P. Morgan is acting as financial advisor to Navistar and Sullivan
& Cromwell LLC is acting as legal advisor to Navistar.

                  Directors' Resignation

Michael N. Hammes and James H. Keyes each announced their
retirement from the Board of the Company effective upon the earlier
to occur of (i) the completion of the Share Issuance to VW T&B or
(ii) Navistar's 2017 Annual Meeting of Stockholders.  As of Sept.
5, 2016, Mr. Hammes is chairman of the nominating & governance
committee and a member of the Finance Committee and Mr. Keyes is
Chairman of the Board, Chairman of the Audit Committee and a member
of the Finance Committee.  Neither retirement was in connection
with any disagreement with the Company pertaining to the Company's
operations, policies or practices.

             Conference Call and Webcast Information

Navistar and Volkswagen Truck & Bus will host a joint conference
call and discuss via a live webcast the strategic alliance between
the two companies on Tuesday, September 6, at approximately 8:30
a.m. Eastern (7:30 a.m. Central).  Speakers on the webcast will
include Troy Clarke, president and chief executive officer of
Navistar and Andreas Renschler, chief executive officer of
Volkswagen Truck & Bus, among other leaders from both companies.

Those who wish to participate in the conference call may do so by
dialing:

      * Toll-free number:           877 303 3199
      * International number:    +1 281 973 6084

Additionally, the webcast can be accessed through the investor
relations page of the company's Website at
http://www.navistar.com/navistar/investors/webcasts. Investors are
advised to log on to the website at least 15 minutes prior to the
start of the webcast to allow sufficient time for downloading any
necessary software.  The webcast will be available for replay at
the same address approximately three hours following its conclusion
and will remain available for a limited time.

Additional information is available from the SEC's website at:

                     https://is.gd/VNmITl

                       About Volkswagen

Volkswagen Truck & Bus GmbH is a wholly-owned subsidiary of
Volkswagen AG and is a global leader in commercial vehicles with
its brands MAN, Scania, and Volkswagen Caminhoes e Onibus.  In
2015, the brands of Volkswagen Truck & Bus sold a total of 179,000
vehicles.  Its product range includes medium- and heavy-duty trucks
and buses that are manufactured at 25 sites in 17 countries.  As of
Dec. 31, 2015, the Company employed 76,000 people within all
commercial vehicle brands worldwide.  Volkswagen Truck & Bus is
committed to creating a Global Champion in terms of profitability,
customer innovations, and global presence.  Already today, the
Group has a leading market position in the European and South
American truck markets.

                   About Navistar International

Navistar International Corporation (NYSE: NAV) --
http://www.navistar.com/-- is a holding company whose             

subsidiaries and affiliates subsidiaries produce International(R)
brand commercial and military trucks, MaxxForce(R) brand diesel
engines, IC Bus(TM) brand school and commercial buses, Monaco RV
brands of recreational vehicles, and Workhorse(R) brand chassis
for motor homes and step vans.  It also is a private-label
designer and manufacturer of diesel engines for the pickup truck,
van and SUV markets.  The Company also provides truck and diesel
engine parts and service.  Another affiliate offers financing
services.

As of April 30, 2016, Navistar had $6.18 billion in total assets,
$11.3 billion in total liabilities and a total stockholders'
deficit of $5.12 billion.

                          *     *     *

In the July 22, 2015, edition of the TCR, Moody's Investors Service
affirmed Navistar International Corporation's Corporate Family
Rating at B3 and assigned a Ba3 rating to Navistar, Inc.'s new
$1.04 billion senior secured term loan due 2020.

Navistar carries a 'B-' issue-level rating from Standard & Poor's
Ratings Services and 'CCC' Issuer Default Ratings from Fitch
Ratings.


NEURALSTEM INC: Recurring Losses Raise Going Concern Doubt
----------------------------------------------------------
Neuralstem, Inc., filed with the Securities and Exchange Commission
its quarterly report on Form 10-Q disclosing a net loss of $3.85
million on $2,500 of revenues for the three months ended June 30,
2016, compared to a net loss of $5.45 million on $2,500 of revenues
for the same period in 2015.

For the six months ended June 30, 2016, the Company listed a net
loss of $10.46 million on $5,000 of revenues, compared to a net
loss of $10.50 million on $5,417 of revenues for the same period in
the prior year.

As of June 30, 2016, the Company had $13.29 million in total
assets, $12.46 million in total liabilities and a total
stockholders' equity of $836,491.

The Company has incurred losses since its inception and has not
demonstrated an ability to generate revenues from sales or services
and has not yet achieved profitable operations.  There can be no
assurance that profitable operations will ever be achieved, or if
achieved, could be sustained on a continuing basis.  In addition,
development activities, clinical and pre-clinical testing, and
commercialization of its products will require significant
additional financing.  These factors create substantial doubt about
the Company's ability to continue as a going concern.

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

                      https://is.gd/hq1iAF

                       About Neuralstem

Neuralstem's patented technology enables the commercial-scale
production of multiple types of central nervous system stem cells,
which are being developed as potential therapies for many central
nervous system diseases and conditions.

Neuralstem's ability to generate neural stem cell lines from human
hippocampus, which were used for systematic chemical screening for
neurogenesis effect, has led to the discovery and patenting of
molecules that Neuralstem believes may stimulate the brain's
capacity to generate new neurons, potentially reversing
pathophysiologies associated with certain central nervous system
(CNS) conditions.

The Company has completed Phase 1a and 1b trials evaluating
NSI-189, its first neurogenic small molecule product candidate, for
the treatment of major depressive disorder (MDD), and is expecting
to initiate a Phase 2 efficacy study for MDD in 2016.

Neuralstem's first stem cell product candidate, NSI-566, a spinal
cord-derived neural stem cell line, is under development for
treatment of amyotrophic lateral sclerosis (ALS).  Neuralstem has
completed two clinical studies, in a total of thirty patients,
which met primary safety endpoints.  In addition to ALS, NSI-566 is
also in a Phase 1 study to treat paralysis due to chronic spinal
cord injury, as well as in a Phase 1 study to treat paralysis from
ischemic stroke.


NEW PHOENIX: Secured Lender Seeks Ch. 11 Trustee
------------------------------------------------
Branch Banking & Trust Co. filed a motion asking the United States
Bankruptcy Court for the Northern District of Texas to appoint a
Chapter 11 Trustee for New Phoenix Metals, LTD. and Carl Equipment,
LTD.

The relationship between BB&T and the Debtors arose in late 2012
when BB&T made two secured loans to New Phoenix. The loans were
secured by real property and personal property of New Phoenix. The
loans were also guaranteed by various entities and persons,
including debtor Carl Equipment, Ltd.

Debtor New Phoenix Metals, Ltd. and non-debtor affiliate Carl
Holdings, Ltd., executed as makers a certain promissory note in the
original principal amount of $832,000 in favor of BB&T, which
evidenced a loan from BB&T to New Phoenix in that amount. Also, New
Phoenix and Holdings executed as makers a certain Promissory Note
in the original principal amount of $2,500,000 in favor of BB&T,
which evidenced a line of credit from BB&T to New Phoenix in that
amount. One of the requirements of the $2.5 million Loan Agreement
was that New Phoenix was to provide monthly to BB&T a Loan Base
Report.

BB&T asserts that New Phoenix, through its management, has
committed pre-bankruptcy fraud against BB&T through misstating
borrowing base certificates. In addition, the management also
engaged in pre-billing to artificially inflate the little actual
income it received and likewise, sold BB&T's collateral
pre-petition without authorization despite actual knowledge of
BB&T's blanket lien and outstanding debt, BB&T further asserts.

BB&T tells the Court that it no longer has any faith in the
management of the Debtor and therefore requests appointment of a
chapter 11 trustee.

Branch Banking & Trust Co. is represented by:

       Jason T. Rodriguez, Esq.
       HIGIER ALLEN & LAUTIN, P.C.
       2711 N. Haskell Ave., Suite 2400
       Dallas, Texas 75204
       Telephone: (972) 716-1888
       Facsimile: (972) 716-1899
       Email: jrodriguez@higierallen.com

               About New Phoenix Metals

New Phoenix Metals, Ltd., sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Texas Case No. 16-32075) on May 26,
2016.  The petition was signed by Marcus D. Carl, partner.

The case is assigned to Judge Stacey G. Jernigan.

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


NEW STREAMWOOD: Can Use Cash Collateral Until Sept. 12
------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Illinois
authorized New Streamwood Lanes, Inc., to use the cash collateral
of Waterfall Olympic Master Fund Grantor Trust, Series II, from
Aug. 10, 2016, through Sept. 12, 2016.

The Debtor is indebted to Waterfall Olympic in the amount of
$3,025,305.  As security for the repayment of the indebtedness, the
Debtor granted Waterfall Olympic security interests in the Debtor's
commercial assets, real estate, and any and all rents, revenues,
income, profits and proceeds generated from the real estate and
commercial assets.

The Debtor represented that without the use of cash collateral, it
does not have sufficient available sources of working capital and
financing to operate its real estate or business operations in the
ordinary course of business, or operate its business and maintain
its property in accordance with state and federal law.

The approved Budget for the month of September 2016 provided for
total expenses in the amount of $80,317.

Olympic Waterfall was granted replacement liens on all the Debtor's
assets, to the same extent, validity and priority as existed on the
Petition Date.

The Debtor was directed to make monthly adequate protection
payments to Olympic Waterfall in the amount of $6,188.

A hearing on the Debtor's Cash Collateral Motion is scheduled on
Sept. 7, 2016 at 10:30 a.m.

A full-text copy of the Order, dated Aug. 31, 2016, is available at
https://is.gd/nngKeY

                  About New Streamwood Lanes

New Streamwood Lanes, Inc. filed a chapter 11 petition (Bankr. N.D.
Ill. Case No. 14-20808) on June 2, 2014.  The petition was signed
by Terence Vaughn, president.  The Debtor is represented by Ryan
Kim, Esq., at Inseed Law PC.  The case is assigned to Judge
Benjamin Godgar.  The Debtor estimated assets and liabilities at $1
million to $10 million at the time of the filing.


NEWLEAD HOLDINGS: Perian Salviola Reports 8.7% Stake as of Sept. 2
------------------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, Perian Salviola disclosed that as of Sept. 2, 2016, he
beneficially owned 71,500,000 shares of common stock of Newlead
Holdings, Ltd., representing 8.7 percent calculated on the basis of
825,081,108 shares of the Company's Common Stock issued and
outstanding as of Aug. 31, 2016.  

The shares owned by the Reporting Person were issued in connection
with the sale to a subsidiary of the Company by Pallas Highwall
Mining LLC of Viking Prep Plant, LLC.

In the Viking Prep Plant transaction, as part of the consideration,
the Company issued a convertible note in the original principal
amount of $24,000,000.  On or about September 2016, the Company
issued the Reporting Person 71,500,000 shares toward payment of
that note.  The Company has the option to pay the principal and
interest in cash or shares of common stock.  The acquisition
agreement also includes a true-up of the proceeds from such shares,
but the amount cannot be calculated until such time as all shares
issued as consideration of the purchase price have been sold.  The
Company has previously issued shares to the Reporting Person, all
of which have been sold.

A full-text copy of the regulatory filing is available at no charge
at https://is.gd/Nxamos

                  About NewLead Holdings Ltd.

NewLead Holdings Ltd. -- http://www.newleadholdings.com/-- is an
international, vertically integrated shipping company that owns and
manages product tankers and dry bulk vessels.  NewLead currently
controls 22 vessels, including six double-hull product tankers and
16 dry bulk vessels of which two are newbuildings.  NewLead's
common shares are traded under the symbol "NEWL" on the NASDAQ
Global Select Market.

NewLead Holdings reported a net loss attributable to the Company's
common shareholders of US$97.1 million on US$27.8 million of
revenues for the year ended Dec. 31, 2015, compared to a net loss
attributable to Holdings' common shareholders of US$100 million on
US$12.07 million of revenues for the year ended Dec. 31, 2014.

As of Dec. 31, 2015, NewLead had US$122 million in total assets,
US$297 million in total liabilities, and a total shareholders'
deficit of US$175 million.

EisnerAmper LLP, in New York, New York, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2015, citing that the Company has incurred a net
loss and utilized cash in operating activities for the year ended
December 31, 2015 and as of December 31, 2015, has both a working
capital deficiency and shareholders' deficit and, in addition, is
in default on a significant portion of its outstanding obligations.
All such events and conditions raise substantial doubt about the
Company's ability to continue as a going concern.


NIGHTINGALE HOME: Wants Plan Exclusivity Extended to Nov. 7
-----------------------------------------------------------
Nightingale Home Healthcare, Inc. asks the U.S. Bankruptcy Court
for the Southern District of Indiana to extend its exclusive
periods to file a plan of reorganization and solicit votes in
connection with the plan, to November 7, 2016 and January 4, 2017,
respectively.

The Debtor relates that a mediation conference with its primary
administrative expense creditors and parent company is scheduled to
take place on September 19, 2016.  The Debtor anticipates proposing
a plan of liquidation or structured dismissal following the
mediation conference.

The Debtor contends that since the commencement of the Bankruptcy
Case, it has been engaged in litigation regarding its Medicare
Provider Agreement, an interim manager has been appointed  to
manage the day-to-day business operations of the Debtor, a  Patient
Care Ombudsman has been appointed to monitor the quality of care
being provided to the Debtor's patients, and appointment of an
Examiner has been ordered to investigate certain allegations made
against the Debtor.

                      About Nightingale Home Healthcare, Inc.

Nightingale Home Healthcare, Inc., filed a Chapter 11 petition
(Bankr. S.D. Ind. Case No. 15-10099) on Dec. 10, 2015.  The
petition was signed by Dr. Dev A. Brar, president.  The Debtor is
represented by Wendy D. Brewer, Esq., at Jefferson & Brewer, LLC.  
The Debtor estimated assets at $0 to $50,000 and liabilities at
$100,001 to $500,000 at the time of the filing.



NOVELIS CORP: Moody's Assigns B2 Rating to Notes Offering
---------------------------------------------------------
Moody's Investors Service assigned a B2 rating to Novelis
Corporation's new $1.5 billion senior unsecured guaranteed notes
offering. The notes will have a downstream guarantee from Novelis
Corporation's parent, Novelis Inc. (Novelis) and will also be
guaranteed by all of Novelis' existing and future restricted
subsidiaries in the US and Canada and by certain of its foreign
restricted subsidiaries. All other ratings, including Novelis' B1
corporate family rating (CFR), B1-PD probability of default rating,
Ba2 rating on the senior secured credit facility, B2 rating on
existing unsecured notes, and SGL-2 speculative grade liquidity
rating remain unchanged as does the B2 rating on Novelis
Corporation's senior unsecured guaranteed notes due 2024. The
outlook is stable.

The proceeds from the issuance will be used to tender for Novelis'
existing $1.4 billion 8.75% senior unsecured notes rated B2 that
are due in 2020. Upon repayment, the rating on these notes will be
withdrawn.

Assignments:

   Issuer: Novelis Corporation

   -- Backed Senior Unsecured Regular Bond/Debenture, Assigned B2
      (LGD5)

RATINGS RATIONALE

The B1 Corporate Family Rating (CFR) considers Novelis' focus on
creating a more value added business as it expands its auto sheet
finishing capacity to capture increasing use of aluminum in the
automotive market while reducing more commodity type business. The
rating acknowledges the company's large scale, significant market
position, and global footprint in the aluminum rolled products
market, which includes a dominant position in the beverage and food
can sheet segment and good positions in industrial and other high
end specialties such as electronics. The CFR also reflects the
expectation for a growing percentage of earnings to come from more
value added products.

At the same time, the rating reflects the variability of Novelis'
sales to end markets, the sensitivity of its earnings to volume
levels given the level of fixed costs, which have increased
following the recent expansions, and the relatively thinner margins
associated with the can sheet business.

The stable outlook reflects the improving earnings trends Novelis
evidenced in the second half of 2016 and the first quarter of 2017
(June 30, 2016) as exemplified by good growth in EBITDA, as well as
gross and EBIT margins. This results from the strengthening value
add product mix driven by increasing automotive sheet shipments
(15% of total shipments in 2016 versus 7% in 2013). With all three
automotive heat treatment lines at Oswego, NY now completed and
producing, as well as the second line at Nachterstedt, Germany,
earnings improvement is expected to continue. In addition, the
absence of ramp up costs, start-up costs and other issues with the
recycling facility at Nachterstedt, and productivity gains achieved
on enhanced operational and efficiency focus, will also enhance
earnings and cash flow generation. The outlook also considers that
although debt protection metrics and leverage, as measured by the
debt/EBITDA ratio, remain high for the rating, they are similarly
showing improving trends.

The Ba2 senior secured term loan rating reflects the benefit of the
loan's first priority lien on PP&E and stock and second priority
lien on inventory and accounts receivables. Given the guarantee
structure on the senior unsecured notes being issued by Novelis
Corporation, these notes rank pari passu with the senior unsecured
notes issued by Novelis The B2 rating of the senior unsecured notes
at both Novelis Corporation and Novelis reflects their effective
subordination to the significant amount of secured debt under the
term loan and ABL revolver (unrated).

The SGL-2 Speculative Grade Liquidity Rating reflects our
expectations that Novelis will maintain good liquidity over the
next four quarters. Novelis' liquidity is supported by its
$457million cash position at June 30, 2016 and a $1.2 billion
asset-based revolving credit facility (ABL) that expires in October
2019. The ABL is secured by accounts receivables and inventory. At
June 30, 2016, approximately $431 million was drawn under the ABL
while $11 million was utilized for letters of credit; availability
was $240 million. In addition, the company has revolving credit
facilities in Korea to support its operations in that country as
well as facilities at Novelis Middle East and Africa and Novelis
China. The $1.1 billion in notes maturing in December 2017 were
recently repaid through a new issuance (due 2024) by Novelis
Corporation. Consequently the company has no near-term debt
maturities.

An upgrade is unlikely at this time due to the company's more
leveraged profile following the balance sheet recapitalization in
its calendar 2014 year and weak earnings performance subsequently.
However the rating could be favorably impacted should the company
trend toward and demonstrate the ability to sustain EBIT/interest
above 4x, debt/EBITDA below 4.25x and (operating cash flow less
dividends)/debt of at least 20%.

The rating could be downgraded should the company experience
sustained volume and margin declines or should the improving trends
in performance and debt protection metrics reverse. Quantitatively,
ratings could be downgraded if leverage as measured by the
debt/EBITDA ratio does not trend toward 5x, EBIT/interest not show
a trend to at least 2x or free cash flow remains negative. A
significant contraction in liquidity or availability under the ABL
or further material dividend payments could also negatively affect
the rating.

The principal methodology used in this rating was Global Steel
Industry published in October 2012.

Headquartered in Atlanta, Georgia, Novelis is the world's largest
producer of aluminum rolled products. The company operates through
four regional segments: North America (33% of third party shipments
for the year ending March 31, 2016), Europe (29% of third party
shipments), Asia (23% of third party shipments), and South America
(15% of third party shipments). While Novelis sells into a number
of end markets, the company currently ships a meaningful level to
the can sheet market, although sales to the automotive market are
increasing as a percentage of total shipments. For the twelve
months ended June 30, 2016 Novelis generated approximately $9.5
billion of revenues.

Novelis is ultimately 100% owned by Hindalco Industries Limited
(Hindalco - unrated), domiciled in India.


OAK CREEK: Seeks Sept. 19 Exclusive Plan Filing Period Extension
----------------------------------------------------------------
Oak Creek Plaza, L.L.C. asks the U.S. Bankruptcy Court for the
Northern District of Illinois to extend its exclusive period to
file a plan and disclosure statement to September 19, 2016.

The Debtor originally had until September 12, 2016 to file a plan
and disclosure statement.  

The Debtor relates that it has been diligently preparing its plan
and disclosure statement with the assistance of its principal,
Ronald Boorstein.  The Debtor further relates Mr. Boorstein's
grandson unexpectedly passed away and that he needed a little time
to recover from the devastating loss and assist the Debtor in the
completion of the plan and disclosure statement.

The Debtor's Motion is scheduled for hearing on September 13, 2016
at 9:30 a.m.

                About Oak Creek Plaza, L.L.C.

Oak Creek Plaza, L.L.C. filed a chapter 11 petition (Bankr. N.D.
Ill. Case No. 16-16324) on May 13, 2016.  The petition was signed
by Ronald L. Boorstein, managing partner.  The Debtor is
represented by Paul M. Bach, Esq., at Bach Law Offices.  The case
is assigned to Judge Deborah L. Thorne.  The Debtor estimated
assets and liabilities at $1 million to $10 million at the time of
the filing.



PARADIGM EVERGREEN: Wants Exclusive Plan Filing Period Extension
----------------------------------------------------------------
Paradigm Evergreen, LLC asks the U.S. Bankruptcy Court for the
District of New Jersey to extend its exclusive periods to file a
plan of reorganization and solicit acceptances to the plan.

The Debtor's initial 120 day exclusivity period to file a plan of
reorganization expires on September 20, 2016.

David Kushner, the Debtor's managing member, contends that the
Debtor is currently in the process of negotiating a consensual plan
of reorganization with its creditors and needs additional time to
complete that process.  He further contends that the creditors'
interests are protected in the interim and that none of the
creditors would be prejudiced by the requested extension.

The Debtor's Motion is scheduled for hearing on September 27, 2016
at 10:00 a.m.

                About Paradigm Evergreen, LLC.

Headquartered in New York, New York, Paradigm Evergreen LLC filed a
chapter 11 petition (Bankr. D.N.J. Case No. 16-19943) on May 23,
2016. The petition was signed by David Kushner, managing member.

The Debtor is represented by Morris S. Bauer, Esq., at Norris
McLaughlin & Marcus, P.A.  The Debtor hired McElroy Deutsch
Mulvaney & Carpenter, LLP as special counsel.  

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



PETROLEX MANAGEMENT: Court Authorizes Cash Collateral Use
---------------------------------------------------------
Judge Christopher J. Panos of the U.S. Bankruptcy Court for the
District of Massachusetts authorized Petrolex Management, LLC, to
use cash collateral.

The Debtor is indebted to:

     (a) Petroleum and Franchise Capital, LLC, as servicer for
Petroleum and Franchise Holding, LLC, as successor to Questech
Financial, LLC, which claims the amount of $646,685.22.

     (b) Home Loan & Investment Bank, which claims the amount of
$1,061,790.39.

The Debtor is also indebted to A-L. Prime Energy Consultant, Inc.,
and Yatco Distribution, LLC.

The Debtor owns commercial property located at 80 Chelmsford Road,
Billerica, Massachusetts, which is leased to the Debtor's
affiliate, IMS Petroleum, Inc.

Judge Panos acknowledged that the use of cash on hand and rental
payments from the Debtor's operation of the property, all of which
are subject to the liens and security interests of the Secured
Creditors, is essential to the Debtor's business and operations. He
further acknowledged that without the use of cash collateral, the
Debtor will suffer irreparable harm.

The Secured Creditors were granted replacement liens in all
prepetition property of the Debtor, as it existed on the Petition
Date,  of the same type and priority against which the Secured
Creditors held unavoidable, validly perfected liens and security
interests as of the Petition Date, and in all property acquired by
the Debtor after the Petition Date.

The Debtor was directed to make monthly adequate protection
payments to Petroleum and Franchise Capital in the amount of
$14,690, commencing on Aug. 26, 2016.

A hearing on the further use of cash collateral is scheduled on
Nov. 10, 2016 at 10:45 a.m.  The deadline for the filing of
objections to the continued use of cash collateral is set on Oct.
28, 2016 at 4:30 p.m.

A full-text copy of the Order, dated Aug. 31, 2016, is available at
https://is.gd/WKR9BF

                   About Petrolex Management

Petrolex Management, LLC, filed a chapter 11 petition (Bankr. D.
Mass. Case No. 16-41322) on July 27, 2016.  The petition was signed
by Samer Biloune and Imad Massabni, managers.  The Debtor is
represented by Gary M. Hogan, Esq., at Baker, Braverman &
Barbadoro, P.C.  The case is assigned to Judge Christopher J.
Panos.  The Debtor estimated assets and liabilities at $1 million
and $10 million at the time of the filing.


PHARMACYTE BIOTECH: Incurs $1.03M Net Loss in July 31 Quarter
-------------------------------------------------------------
Pharmacyte Biotech, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $1.03 million on $0 of revenue for the three months ended
July 31, 2016, compared to a net loss of $1.51 million on $0 of
revenue for the three months ended July 31, 2015.

As of July 31, 2016, Pharmacyte had $7.52 million in total assets,
$456,460 in total liabilities and $7.06 million in total
stockholders' equity.

During the quarter ended July 31, 2016, funding was provided by
investors to maintain and expand the Company.  The remaining
challenges, beyond the regulatory and clinical aspects, include
accessing funding for the Company to cover its future cash flow
needs.  Through the period July 31, 2016, the Company continued to
acquire funds through the Company's S-3 Registration Statement
pursuant to which its exclusive placement agent, Chardan Capital
Markets, LLC, sold shares of common stock "at-the-market" or in
negotiated block trades in a program which is structured to provide
up to $50 million dollars to the Company less certain commissions.

The Company said it requires substantial additional capital to
finance its planned business operations and expects to incur
operating losses in future periods due to the expenses related to
the Company's core businesses.  The Company has not realized
material revenue since it commenced doing business in the
biotechnology sector, and there can be no assurance that it will be
successful in generating revenues in the future in this sector.
The Company believes that cash as of July 31, 2016, the sales of
unregistered shares of its common stock and any public offerings of
common stock the Company may engage in will provide sufficient
capital to meet its capital requirements and to fund its operations
through July 31, 2017.  However, the Company's ability to raise
additional capital is limited by its inability to use a short form
registration statement on Form S-3.  As of Sept. 6, 2016, the
Company does not meet the eligibility requirements in order for it
to be able to conduct a primary offering of its common stock under
Form S-3 or to file a new Registration Statement on Form S-3.  The
Company may be able to regain the use of Form S-3 if it meets one
or both of the eligibility criteria, including: (i) the aggregate
market value of the Company's common stock held by non-affiliates
exceeds $75 million; or (ii) the common stock is listed and
registered on a national securities exchange.

"If the Company is not able to raise substantial additional capital
in a timely manner, the Company may not be able to commence or
complete its planned clinical trials.

"The Company will continue to be dependent on outside capital to
fund its research and operating expenditures for the foreseeable
future.  If the Company fails to generate positive cash flows or
fails to obtain additional capital when required, the Company may
need to modify, delay or abandon some or all of its business
plans.

"The Company's goal is to become an industry-leading biotechnology
company using the Cell-in-a-Box technology as a platform upon which
therapies for cancer and diabetes are developed and obtain
marketing approval for these therapies from regulatory agencies in
the U.S., the European Union, Australia and Canada."

The Company's quarterly report on Form 10-Q is available from the
SEC Web site at https://is.gd/0dO8H1

                 About PharmaCyte Biotech

PharmaCyte Biotech, Inc., formerly known as Nuvilex Inc, is
dedicated to bringing to market scientifically derived products
designed to improve the health, condition and well-being of those
who use them.  The Company is a clinical stage biotechnology
company focused on developing and preparing to commercialize
treatments for cancer and diabetes based upon a proprietary
cellulose-based live-cell encapsulation technology known as
Cell-in-a-Box.  The Company intends to use this unique and patented
technology as a platform upon which to build treatments for several
types of cancer, including advanced, inoperable pancreatic cancer,
and diabetes.

Pharmacyte reported a net loss of $6.06 million on $0 of revenue
for the year ended April 30, 2016, compared to a net loss of $9.92
million on $0 of revenue for the year ended April 30, 2015.


PHOTOMEDEX INC: To Acquire Neova Skincare Business for $1.8-Mil.
----------------------------------------------------------------
PhotoMedex, Inc., and its subsidiary PhotoMedex Technology, Inc.,
entered into an Asset Purchase Agreement with Pharma Cosmetics
Laboratories Ltd., an Israeli corporation, and its subsidiary
Pharma Cosmetics Inc., a Delaware corporation, to acquire the Neova
skincare business from PTECH, for a total purchase price of $1.8
million.

As disclosed in a Form 8-K filing with the Securities and Exchange
Commission, the Purchase Price is subject to a post-closing working
capital adjustment, pursuant to which the Purchase Price paid to
the Company at closing will be adjusted up or down by an amount
equal to the difference between the defined actual working capital
and the target net working capital of $200,000.  Target working
capital is defined as the net Accounts Receivable less trade
Accounts Payable related to the Transferred Business as of the
closing date.  The closing is anticipated to occur in September
2016.

The Asset Purchase Agreement provides that PHARMA will make offers
of employment to certain employees of the Transferred Business.

The Asset Purchase Agreement contains customary representations,
warranties and covenants by each of the Company, PTECH and PHARMA,
as well customary indemnification provisions among the parties.

The parties entered into several ancillary agreements as part of
this transaction, including an Escrow Agreement and a Transition
Services Agreement.

Under the Escrow Agreement, $250,000 of the Purchase Price (the
"Escrow Amount") will be placed into an escrow account held by U.S.
Bank National Association as Escrow Agent.  The funds shall remain
in escrow for one year following the closing of the transaction.

Under the Transition Services Agreement, PHMD will continue to
provide certain accounting, benefit, payroll, regulatory, IT
support and other services to PHARMA for periods ranging from
approximately three to up to nine months following the closing.
During those periods, PHARMA will arrange to transition the
services it receives to its own personnel.  PHARMA will also have
the right to continue occupying certain portions of PHMD's Willow
Grove, Pennsylvania facility and the Orangeburg, New York facility
of PHMD's Radiancy, Inc. subsidiary for a period of time.

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

                    https://is.gd/qQcFcE
  
                      About PhotoMedex

PhotoMedex, Inc., is a global health products and services company
providing integrated disease management and aesthetic solutions to
dermatologists, professional aestheticians, ophthalmologists,
optometrists, consumers and patients.  The Company provides
proprietary products and services that address skin conditions
including psoriasis, vitiligo, acne, actinic keratosis, photo
damage and unwanted hair, as well as fixed-site laser vision
correction services at our LasikPlus(R) vision centers.

PhotoMedex and its subsidiaries has entered into a second
amended and restated forbearance agreement with the lenders that
are parties to the credit agreement dated May 12, 2014, and with JP
Morgan Chase, as administrative agent for the Lenders pursuant to
which the Lender have agreed to forbear from exercising their
rights and remedies with respect to certain events of default from
Aug. 25, 2014, until April 1, 2016, or earlier if an event of
default occurs, according to a document filed with the Securities
and Exchange Commission in March 2015.

Photomedex reported a net loss of $34.6 million on $75.9 million of
revenues for the year ended Dec. 31, 2015, compared to a net loss
of $121 million on $133 million of revenues for the year ended Dec.
31, 2014.

As of June 30, 2016, Photomedex had $28.2 million in total assets,
$22.6 million in total liabilities and $5.56 million in total
stockholders' equity.


PICO HOLDINGS: Bloggers Find Workaround To John Hart Bonus Plan
---------------------------------------------------------------
PICO Holdings, Inc. (Nasdaq:PICO), based in La Jolla, Calif., is a
diversified holding company reporting recurring losses since 2008.
PICO owns 57% of UCP, Inc. (NYSE:UCP), 100% of Vidler Water
Company, Inc., a securities portfolio and various interests in
small businesses. PICO has $662 million in assets and $426 million
in shareholder equity. Central Square Management LLC and River Road
Asset Management LLC collectively own more than 14% of PICO. Other
activists at http://ReformPICONow.com/have taken to the Internet
to advance the shareholder cause.

The bloggers continue to cast dispersion on PICO CEO John Hart's
estimate that homebuilder subsidiary UCP is worth $15 per share.  

They state: "While Juicer is fond of the $15 UCP price from 2013,
he has never explained how the market could underestimate UCP's
value by 44% (current price $8.40). Such a conclusion is even more
improbable given that the market has 3 more years of UCP financial
results, the housing panorama is strong and UCP has produced robust
improvement its income statement metrics.

Juicer fails to justify his $15 UCP price because it is not
justifiable. When an appropriate provision for taxes is included,
UCP earned $8.7 million or $.46 cents per share over the last 12
months. At $15, UCP would trade at 33 times trailing earnings
($15/$.46=33). That's a growth technology valuation, Juicer.

The strongest competitors in the homebuilding industry trade at
14-15 times earnings. Implying to shareholders that UCP should
trade at 33 times earnings is unfortunately how the Juicer rolls --
he's always talking up his book."

Next, the bloggers reverse-engineer the $15 price for UCP. "At an
industry average multiple of 13, UCP would need to earn $1.15 per
share to be worth $15 ($15/13=$1.15). UCP just earned $.46 per
share, so it comes up about $.69 cents per share short. Given 19
million shares, UCP would need to earn $22 million in net income
($1.15 x 19m=$22m) to justify a $15 per share.

If UCP earned $8.7 million over the last year, and it needs to earn
$22 million to be worth $15 per share, then UCP needs to increase
net by 152%. In other words, UCP would have to grow net income 25%
per year, every year, for the next 5 years to earn $22 million. Or
it would have to grow net income 35% per year, every year, for the
next 3 years to earn $22 million. Is anyone dumb enough to take
that bet besides Juicer?

Fractional interests in UCP currently sell for $8.40. UCP earned
$.46 per share in the last year. UCP trades at 18 times trailing
earnings ($8.40/$.46=18).

Given that the strongest homebuilders trade at 14-15 times trailing
earnings, UCP's 18 multiple appears generous. Why is Juicer saying
UCP is undervalued?

The bloggers want readers left with three important takeaways.
"First, Juicer is nonsensically talking up his book to justify his
self-interested delay in selling UCP. With a $1 million annual base
salary and a Bonus for asset sales above book value, Juicer is
content to risk shareholder value for a personal financial
windfall. At 33 times earnings, his $15 UCP price is more than pie
in the sky. It is like Baked Alaska in the sky.

Second, on a going concern, operational basis, UCP is fairly valued
in the $8-$11 per share range and we see no justification for it to
trade higher in the next 1-2 years. If investors and Directors
place any faith in Juicer's $15 per share, they should check their
math. If PICO Directors are holding out to unload UCP for $15 per
share, they should check their math.

Third, our numbers prove that PICO can create the greatest value
for shareowners by selling UCP now. UCP is a long, long way from
$22 million in net income – the figure which would justify $15
per share. With this economic expansion growing wrinkled with age,
and UCP's 2017 sketchy debt refinancing ahead, there is
considerable risk in waiting for such an improbable result.

The bloggers have discovered a way around CEO Hart's onerous Bonus
Plan. They humorously call it, "Juice The Juicer." First, they
offer some background. "Let's review a few pertinent provisions of
the criminal Hart Bonus Plan. The Net Gain is the asset sale
proceeds less book value (at Dec. 31, 2015), less certain bonuses
and administrative expenses. The Compensation Committee is
responsible for all Bonus calculations and their word is final.
Juicer's Bonus is derived from the percentage of proceeds returned
to shareowners.

This last provision – that the Bonus is derived from the
percentage of proceeds returned to shareowners – is the key to
“Juice The Juicer.”

A simplified example will illustrate.

We calculate the book value of PICO's investment in UCP at Dec. 31,
2015, at roughly $10.55 per share. Let's say PICO sells UCP for $13
per share. PICO would receive total proceeds of $143 million (11m
units x $13=$143m).

At $13 per share, the gain above book value would be $2.45 per
share, or $27 million (11m units x $2.45=$27m). Of the $27 million,
about $4 million would go to UCP transaction expenses and another
$10 million would go to PICO administrative expenses for 2016. This
would leave $13 million in Net Gain ($27-$10-$4=$13m), which could
potentially be the basis for a Juicer Bonus of $2.6 million ($13m x
.2 = $2.6m).

For Juicer to earn a Bonus, PICO would have to return all the UCP
sale proceeds, including that $13 million Net Gain, to shareowners.
However, if the PICO Board returns everything to shareowners,
EXCEPT THE NET GAIN, there's no Bonus for Juicer!

But wait – what is PICO going to do with that $13 million?
Shareholders want their capital back! And we want it back now!

First, of the hypothetical $143 million, PICO would return $130
million to shareholders immediately. The $130 million corresponds
to UCP's book value plus the amounts allocated to
bonuses/administrative expenses. These sums are not eligible for
inclusion in the Net Gain or the Bonus.

Second, recall that on the Q2 earnings call, Daniel Mannes, of
Avondale Partners, asked PICO CFO Max 'Tangled' Webb about PICO's
burn rate. Tangled Webb responded that PICO's annual expenses in
2016 would run $10.5 million, but would come down to $9.5 million
in 2017.

Instead of allocating the $13 million Net Gain to PICO shareowners
and paying Juicer a bonus in the process, PICO could bank the money
and use it for corporate expenses. At a burn rate of $9.5 million
annually, the $13 million hypothetical Net Gain would cover
corporate expenses for 16 months.

The Bonus Plan is clear: If the Net Gain is not returned to
shareowners, there is no Bonus.

One more set of numbers that is important to PICO Directors and
shareowners: at $14 per share, $130 million in UCP sales proceeds
could buy in over 9 million shares, or about 40%. (We use $14 per
share cuz a UCP sale announcement would drive PICO's stock up –
wouldn't that be a novelty for PICO shareholders!).

Would Juicer initiate litigation? Probably. But that's okay.
Juicer will likely litigate any matter in which he calculates a
difference of $1 between the expected outcome and his cost of
litigation. No shareholder would blame this Board for a few million
bucks in Juicer litigation in exchange for unloading assets now.

The criminal Hart Bonus Plan is clear: Bonus is based on the
percentage of Net Gain returned to shareowners. The Comp Committee
has the final word on execution of the criminal Hart Bonus Plan.
The PICO Board has the final word on capital allocation. PICO could
sell assets and return book value plus expenses to shareowners,
while keeping the Net Gain for internal expenses. Shareowners get
enormous value creation and Juicer gets no Bonus.

The Board should act now. 2016 will be the highest administrative
expense year for Net Gain calculation purposes. This will shield a
few extra million dollars from the Net Gain, than will be the case
in 2017 and beyond."


RYCKMAN CREEK: Has Until October 29 to File Chapter 11 Plan
-----------------------------------------------------------
Judge Kevin J. Carey of the U.S. Bankruptcy Court for the District
of Delaware extended Ryckman Creek Resources, LLC, et. al.'s
exclusive periods to file and solicit acceptances of a chapter 11
plan to October 29, 2016 and December 28, 2016, respectively.

The Debtors exclusive period to file a chapter 11 plan expired on
August 30, 2016, while their exclusive period to solicit
acceptances to the plan was previously set to expire on October 29,
2016.

The Debtors contended that they had already filed their Second
Amended Joint Chapter 11 Plan of Reorganization, as well as their
Modified Third Amended Disclosure Statement.  The Debtors further
contended that the Court had approved the adequacy of their
Disclosure Statement and certain procedures for soliciting votes on
their Plan, and that they had already commenced solicitation of
votes on the Plan.  The Debtors added that a hearing to consider
confirmation of the Plan was scheduled for September 7, 2016.

The Debtors told the Court that they are filing their Motion out of
an abundance of caution to ensure that, in the event the Plan is
not confirmed at the Confirmation Hearing, or the timeline for
confirmation shifts for any reason, the Debtors retain the
exclusive right to propose a new plan of reorganization, solicit
votes on a plan of reorganization, retain control over their
reorganization, and remain at the center of negotiations with their
key constituencies.

                About Ryckman Creek Resources, LLC.

Formed on Sept. 8, 2009, Ryckman Creek Resources, LLC, is engaged
in the acquisition, development, marketing, and operation of a
Natural gas storage facility known as the Ryckman Creek Facility.

The Ryckman Creek Facility is a depleted crude oil and natural gas
reservoir located in Uinta County, Wyoming.  The Company began
development of the reservoir into a natural gas storage facility in
2011.  The Ryckman Creek Facility began commercial operations in
late 2012 and received injections of customer gas and gas purchased
by the Company.  The Debtors have approximately 35  employees.

Ryckman Creek Resources, LLC, Ryckman Creek Resources Holdings LLC,
Peregrine Rocky Mountains LLC and Peregrine Midstream  Partners LLC
filed Chapter 11 bankruptcy petitions (Bankr.  D. Del. Case Nos.
16-10292 to 16-10295) on Feb. 2, 2016.  The  petitions were signed
by Robert Foss as chief executive officer.   Kevin J. Carey has
been assigned the case.

The Debtors have engaged Skadden, Arps, Slate, Meagher & Flom LLP
as counsel, AP Services, LLC, as management provider, Evercore
Group LLC as investment banker, and Kurtzman Carson Consultants LLC
as claims and noticing agent.

On April 11, 2016, Ryckman Creek Resources, LLC, disclosed total
assets of more than $205 million and total debts of more than
$391.2 million.

On February 12, 2016, the Office of the United States Trustee
appointed an Official Committee of Unsecured Creditors.  Counsel
for the Committee are Greenberg Traurig, LLP's Dennis A. Meloro,
Esq., David B. Kurzweil, Esq., and Shari L. Heyen, Esq.  The
Committee retained Alvarez & Marsal, LLC, as financial advisors.



SCOTT SWIMMING: Has Until Sept. 30 to Use Cash Collateral
---------------------------------------------------------
Judge Julie A. Manning of the U.S. Bankruptcy Court for the
District of Connecticut authorized Scott Swimming Pools Inc to use
cash collateral until Sept. 30, 2016.

The Debtor is indebted to Webster Bank in the amount of $451,000,
as of the Petition Date.  The indebtedness is secured by liens
and/or security interests in substantially all of the Debtor's
assets.

The Debtor contended that without the use of pre-petition
collateral and cash collateral, it would be unable to pay ongoing
management, payroll, raw material, insurance, utilities and other
necessary expenses related to the continued operation of its
business, generate cash flow and maintain the value of the Debtor's
assets.

The approved Budget for the month of September 2016 provides for
total expenses in the amount of $456,148.

Webster Bank was granted post-petition claims against the Debtor's
estate, which has priority in payment over any other indebtedness
and/or obligations of the Debtor and over all administrative
expenses or charges, subject to Carve-Out.  Webster Bank was also
granted a replacement lien and/or security interest in the Debtor's
post-petition assets, equivalent in nature, priority and extent to
Webster Bank's liens and/or security interests in the pre-petition
collateral and the proceeds and products thereof, subject to the
Carve-Out.

The Carve-Out consists of:

     (a) the allowed the allowed administrative claims of attorneys
and other professionals retained by the Debtor in the Case, in the
aggregate amount of $25,000.00; and

     (b) amounts payable to pursuant to 28 U.S.C. Section
1930(a)(6).

A further hearing on the continued use of cash collateral is
scheduled on September 27, 2016 at 10:00 a.m.

A full-text copy of the Order, dated Aug. 31, 2016, is available at
https://is.gd/Jf08vt

                About Scott Swimming Pools

Based in Woodbury, Conn., Scott Swimming Pools, Inc., constructs,
sells and services swimming pools.  The company filed a chapter 11
petition (Bankr. D. Conn. Case No. 15-50094) on Jan. 22, 2014.  

The petition was signed by James M. Scott, president.  The Debtor
is represented by James M. Nugent, Esq., at Harlow, Adams, and
Friedman, P.C., in Milford, Conn.  The case is assigned to Judge
Alan H.W. Shiff.  At the time of the filing, the Debtor said it had
no assets and owed creditors $3.79 million.


SHAHID CHAUDRY: Unsecured Creditors to Get 11% Under Plan
---------------------------------------------------------
Shahid Chaudry filed with the U.S. Bankruptcy Court for the Central
District of California a first amended disclosure statement
proposing to pay general unsecured creditors 11% of their allowed
claims without interest in equal monthly installments over five
years.

General unsecured claims total $311,694.

The Debtor's W-2 employment income will fund the plan.  The Debtor
will make payments of $1,000 for a 60-month period.  Once the
arrears on the Debtor's primary residence with Mellon Mortage are
addressed, the Debtor's disposable income increased by
approximately $4,000 allowing an estimated $40,000 to be paid into
the plan in the last 10 months of the plan.  In total, the plan
will pay $100,000.

A full-text copy of the First Amended Disclosure Statement dated
Sept. 6, 2016, is available at
http://bankrupt.com/misc/15-14629-133.pdf

Shahid Chaudry filed a Chapter 11 petition (Bankr. C.D. Calif. Case
No. 15-14629) in 2015.

The Debtor is represented by:

     Anerio V. Altman, Esq.
     23151 Moulton Parkway, Suite 131
     Laguna Hills, CA 92653
     Tel: (949) 218-2002
     Email: avaesq@lakeforestbkoffice.com


SM ENERGY: Moody's Gives B3 Rating to New $500MM Sr. Unsec. Notes
-----------------------------------------------------------------
Moody's Investors Service assigned a B3 rating to SM Energy
Company's (SM Energy) proposed offering of $500 million senior
unsecured notes due 2026. SM Energy's other ratings and stable
outlook remain unchanged. The note proceeds will be used to
partially fund the recently announced Permian Basin acquisition and
for general corporate purposes.

"Although this debt issuance will increase financial leverage, we
expect SM Energy to aggressively look for non-core asset sale
opportunities and reduce debt in the coming quarters to ensure
sufficient financial flexibility in a protracted period of low
commodity prices," said Sajjad Alam, Moody's AVP-Analyst.

Assignments:

   Issuer: SM Energy Company

   -- US$500M Senior Unsecured Regular Bond/Debenture, Assigned B3

      (LGD4)

RATINGS RATIONALE

The new notes will rank pari passu with SM Energy's existing senior
notes, and were assigned the same B3 rating. The senior notes have
an unsecured claim to SM Energy's assets and have no subsidiary
guarantees. Given the priority claim to the company's assets and
the significant size of the senior secured revolving credit
facility, the unsecured notes are rated one notch below the B2
Corporate Family Rating (CFR) under Moody's Loss Given Default
Methodology.

SM Energy should have adequate liquidity through 2017, which is
captured in the SGL-3 rating. As of July 27, 2016, approximately
$920 million was available under the company's $1.25 billion
revolving credit facility. In August 2016, SM Energy closed a $531
million equity offering and a $166.4 million convertible note
offering to fund its previously announced $980 million Rock Oil
acquisition in the Permian Basin. This debt offering will help
cover the balance of the purchase price and reduce revolver
borrowings. The company also expects to receive $172.5 million in
third quarter 2016 from the sale of certain New Mexico, North
Dakota and Montana assets that will provide additional liquidity.

The B2 CFR reflects SM Energy's high financial leverage through
2017 as well as its declining production and cash flow trends. Low
commodity prices have pressured management to sharply scale back
capital expenditures and drilling activities resulting in steep
volume declines in its unconventional shale properties. SM has
historically maintained low leverage and entered this downturn with
a healthier balance sheet than many of its peers. However, given
the severity and the prolonged nature of the commodity price
downturn, leverage will jump in 2017 as hedges expire and
production continues to dwindle. The company plans to run fewer
rigs and manage its capital budget within operating cash flow for
as long as commodity prices remain depressed. The company also
intends to focus on completing previously drilled but uncompleted
wells over the near term to preserve capital and slow production
declines. The B2 CFR is supported by SM Energy's significant
production platform in the Eagle Ford, balanced product mix, track
record of low-cost and efficient operations and significant
near-term hedge book. The recent Permian Basin acquisition should
increase SM Energy's oil production, diversification and the
longevity of its asset portfolio.

The stable outlook reflects SM Energy's adequate liquidity and
minimal projected negative free cash flow. The rating could be
upgraded if the company can stabilize its production profile, show
an improving trend in its leverage and sustain a RCF/debt ratio
above 20%. A downgrade is likely if the RCF/Debt ratio falls below
10% or if liquidity becomes weak.

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

SM Energy Company is an independent exploration and production
company based in Denver, Colorado.


SNAP INTERACTIVE: Maturing Notes Raises Going Concern Doubt
-----------------------------------------------------------
Snap Interactive, Inc., filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q, disclosing a net loss
of $841,133 on $2.61 million of total revenues for the three months
ended June 30, 2016, compared to a net loss of $258,986 on $3.19
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 $2.34 million on $5.29 million of total revenues, compared
to a net loss of $1.48 million on $6.37 million of total revenue
for the same period in the prior year.

The Company's balance sheet at June 30, 2016, showed $2.87 million
in total assets, $6.58 million in total liabilities and total
stockholders' deficit of $3.71 million.

On June 30, 2016, the Company's accumulated deficit amounted to
$17.0 million.  The Company's convertible note payable with a
principal amount outstanding of $3.0 million matures on February
13, 2017.  These matters 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/ZK2Ghs

Snap Interactive, Inc., operates a portfolio of dating
applications. The Company's dating applications include FirstMet
and The Grade.  The Company provides an online dating application
under the FirstMet brand that is native on Facebook, iPhone
operating systems (iOS) and Android platforms, and is also
accessible on mobile devices and desktops at FirstMet.com.  The
FirstMet application is available to users and active subscribers.
The Company's online dating application under The Grade brand is
native on iOS and Android.  The Grade is a mobile dating
application that holds users accountable to a standard of behavior
by using an algorithm that assigns letter grades to users ranging
from A+ to F, based on profile quality, messaging quality and
reviews from other users of the application.



SNEED SHIPBUILDING: Court Extends Plan Filing Period Until Oct. 1
-----------------------------------------------------------------
Judge David R. Jones of the U.S. Bankruptcy Court for the Southern
District of Texas extended the exclusive periods of Sneed
Shipbuilding, Inc. during which only the Debtor may file a plan
through October 1, 2016.

                         About Sneed Shipbuilding

Sneed Shipbuilding, Inc., sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Tex., Case No. 16-60014) on March 4,
2016. The petition was signed by Clyde E. Sneed, president.

The Debtor is represented by Amber Michelle Chambers, Esq., Eric
Michael VanHorn, Esq., and Nicholas Zugaro, Esq., at McCathern,
PLLC. The case is assigned to Judge David R Jones.

The Debtor estimated assets of $1 million to $10 million and debts
of $10 million to $50 million.

The Office of the U.S. Trustee appointed five creditors of Sneed
Shipbuilding, Inc., to serve on the official committee of unsecured
creditors.  The committee members are: (1) Triple-S Steel Supply
Co.; (2) New Industries, L.L.C.; (3) NC Receivables Corporation;
(4) Contractors Building Supply Co., L.L.C.; and (5) Central Boat
Rentals, Inc.


SUGARMADE INC: MJF & Associates Raises Going Concern Doubt
----------------------------------------------------------
Sugarmade, Inc., filed its amended annual report on Form 10-K/A,
reporting a net loss of $10.23 million on $2.91 million of revenues
for the fiscal year ended June 30, 2015, compared with a net loss
of $755,610 on $70,751 of revenues for the year ended June 30,
2014.

MJF & Associates, APC, in Los Angeles Calif., states that the
entity has suffered recurring losses from operations and negative
cash flow since inception and has financed its working capital
requirements through issuance of common stock and convertible notes
payable from related and third parties.

The Company's balance sheet at June 30, 2015, showed $1.11 million
in total assets, $3.99 million in total liabilities, and
stockholders' deficit of $2.88 million.

A complete text of the Form 10-K/A is available for free at:

                       http://bit.ly/2bbo5OF

City of Industry, Calif.-based Sugarmade, Inc., is a publicly
traded company incorporated in the state of Delaware.  The
Company's previous legal name was Diversified Opportunities, Inc.
The Company is principally engaged in the business of selling and
distributing environmentally friendly non-tree-based paper
products.



TALBOT ENTERPRISES: Has Until October 7 to File Chapter 11 Plan
---------------------------------------------------------------
Judge Richard D. Taylor of the U.S. Bankruptcy Court for the
Eastern District of Arkansas extended Talbot Enterprises of Pine
Bluff, Inc.'s exclusive period to file a chapter 11 plan and
disclosure statement to October 7, 2016.

The Debtor previously had until September 7, 2016 to file a chapter
11 plan and disclosure statement.
       
          About Talbot Enterprises of Pine Bluff, Inc.

Headquartered in White Hall, Arizona, Talbot Enterprises of Pine
Bluff, Inc., dba White Hall Store It All, filed a chapter 11
petition (Bankr. E.D. Ark. Case No. 15-11195) on March 13, 2015.
The petition was signed by Beau Talbot, president.

The case is assigned to Judge Richard D. Taylor.  The Debtor is
represented by J. Brad Moore, Esq., at Frederick S. Wetzel, III,
P.A.

The Debtor estimated assets and liabilities at $1 million to $10
million at the time of the filing.



TEGNA INC: Moody's Puts Ba1 CFR on Review for Downgrade
-------------------------------------------------------
Moody's Investors Service placed TEGNA Inc.'s (TEGNA) Ba1 Corporate
Family Rating on review for downgrade following the company's
announcement that it plans to dispose of the bulk of its digital
assets including Cars.com, a wholly-owned subsidiary, and its 53%
ownership in CareerBuilder (consolidated). TEGNA is motivated to
part with these assets given weak equity credit and limited
operational synergies with its broadcast business. In connection
with these transactions, there will be changes in leadership with
new CEO's at TEGNA and Cars.com. The rating action considers the
loss of growth from Cars.com, the combined EBITDA contribution of
both assets, and the benefits of scale and diversification created
by these assets which have been a positive rating factor. Without
these assets, which represent close to 40% of the company's current
revenue mix, the company will be significantly less diversified,
much smaller in scale, and likely experience slower top line
growth.

TEGNA is planning a tax-free spin-off of Cars.com, scheduled to
close in early 2017. The standalone company will be publically
traded under the ticker symbol CARS, and recapitalized to fund a
one-time cash dividend payable to TEGNA immediately prior to
closing. Completion of the spin-off will be subject to certain
conditions, including Board approval, tax clearance, and SEC
regulatory filings. Following the spin-off, TEGNA will temporarily
suspend its share repurchase program and re-evaluate its dividend
policy.

In a separate but concurrent process, the company is evaluating
strategic alternatives for CareerBuilder, including a possible sale
- timing to be determined.

The Probability of Default as well as all instrument level ratings
have also been placed under review for downgrade including the
Company's Ba1 senior unsecured bank credit facility rating and Ba1
senior unsecured ratings. The Outlook is also was placed under
review from Negative.

On Review for Downgrade:

   Issuer: TEGNA Inc.

   -- Probability of Default Rating, Placed on Review for
      Downgrade, currently Ba1-PD

   -- Corporate Family Rating, Placed on Review for Downgrade,
      currently Ba1

   -- Senior Unsecured Shelf, Placed on Review for Downgrade,
      currently (P)Ba1

   -- Senior Unsecured Bank Credit Facility, Placed on Review for
      Downgrade, currently Ba1 (LGD3)

   -- Senior Unsecured Regular Bond/Debenture, Placed on Review
      for Downgrade, currently Ba1 (LGD3)

   Issuer: Belo Corp. (Assumed by TEGNA Inc.)

   -- Senior Unsecured Regular Bond/Debenture, Placed on Review
      for Downgrade, currently Ba1 (LGD3)

Outlook Actions:

   Issuer: TEGNA Inc.

   -- Outlook, Changed To Rating Under Review From Negative

Rating Unchanged:

   Issuer: TEGNA Inc.

   -- Commercial Paper unchanged at NP

   -- Speculative Grade Liquidity Rating unchanged at SGL-1

RATINGS RATIONALE

The proposed transactions are credit negative, despite the
potential to be leverage neutral if transaction proceeds are
substantial and sufficiently allocated to retire enough debt to
fully offset the loss of EBITDA. Moody's said, “Using the most
recent leverage ratio (Moody's adjusted, debt / 2 year average LTM
EBITDA) near 4x, and an assumption for the 2 year average EBITDA
contribution from the broadcast business only, we estimate the
company will need to generate, and use as debt reduction, at least
$500 million in proceeds from these transactions to hold leverage
constant.”

These transactions are likely to benefit shareholders if the
transactions are executed at similar market valuations with
transaction multiples much greater than the broadcast sector.
However, it would also effectively unwind the majority of the
company's digital investments, leaving behind an insignificant base
of digital assets. This appears to be an aggressive retrench that
runs counter to many of its peers who are investing more heavily in
digital assets in an effort to capture the shift in ad share. While
these assets generate limited operating synergies and
Careerbuilder's operating performance has been weak, the strength
in Cars.com, the combined EBITDA contribution of both assets, and
the benefits of scale and diversification created by these assets
has been a positive rating factor. Without these assets, which
represent close to 40% of the company's current revenue mix, the
company will be significantly less diversified, much smaller in
scale, and likely experience slower top line growth.

Our review will mainly focus on the new capital structure of the
legacy TEGNA broadcast business, revised fundamental projections,
changes to the company's financial policy, the company's digital
strategy going forward, and the implications of a less diversified
and smaller scale business with a very limited base of high growth
digital assets. Assuming the company plans to operate at a smaller
scale without the benefits of similar digital assets, leverage
would need to fall meaningfully from the current level and key
rating factors of the pro forma company would need to be consistent
with the current rating level to consider an confirmation of the
Ba1 rating.

The principal methodology used in these ratings was Global
Broadcast and Advertising Related Industries published in May 2012.


TEGNA Inc. (formerly known as Gannett Co., Inc.), is a leading
broadcaster (56% of reported revenue for LTM June 30, 2016) with
significant digital operations (44%). The company's broadcasting
operations consist of 46 television stations and represent the
largest Big 4 affiliate group in the top 25 markets, reaching
roughly one-third of US television households. Digital operations
include Cars.com and a 53% interest in CareerBuilder (fully
consolidated in financial statements). The company, headquartered
in McLean, VA, is publicly traded with a single class structure.
Major shareholders include The Vanguard Group, Inc. (9.1%),
Blackrock (4.4%), and JPMorgan (3.5%) with remaining shares being
widely held. Pro forma for the spin-off of publishing operations,
the company reported $3.2 billion of revenue for LTM June 30, 2016.


TENDER LOVING: Disclosures Conditionally OK'd; Sept. 29 Hearing
---------------------------------------------------------------
The Hon. Gregory L. Taddonio of the U.S. Bankruptcy Court for the
Western District of Pennsylvania has conditionally approved the
disclosure statement dated Aug. 9, 2016.

The final hearing on the Disclosure Statement and confirmation of
the Chapter 11 plan will be held on Sept. 29, 2016, at 11:00 a.m.
Objections to the Disclosure Statement and objections to the plan
confirmation must be filed by Sept. 16, 2016,

As reported by the Troubled Company Reporter on Aug. 16, 2016, the
Debtor's general unsecured creditors will get about 10% of their
claims, according to Plan.  The Debtor will make 20 distributions,
each in the sum of $2,148, to these creditors which assert a total
of $429,457 in claims.

Ballots accepting or rejecting the Plan must be filed by Sept. 16,
2016.  

The counsel for the plan proponent will file a summary of the
balloting by Sept. 27, 2016.

                    About Tender Loving Home

Tender Loving Home Health Care, Inc., filed a Chapter 11 bankruptcy
petition (Bankr. W.D. Penn. Case No. 15-23759) on Oct. 14, 2015.
Christopher M. Frye, Esq., at Steidl & Steinberg serves as the
Debtor's bankruptcy counsel.


THIRTEEN EAST: Seeks Authorization to Use Cash Collateral
---------------------------------------------------------
Thirteen East Main Corporation asks the U.S. Bankruptcy Court for
the District of Massachusetts for authorization to use cash
collateral.

The Debtor owns one rental property, which has three rental units.
The property is located at 13.5 East Main Street in Webster,
Massachusetts.

Wells Fargo Bank has a mortgage on the Property, with an
approximate balance of $229,339.

The Debtor relates that it wants to use rental income generated by
the Property to maintain its finances and to provide necessary
funding for its continued reorganization.  The Debtor contends that
the continued use of cash collateral is essential to its viability,
such as maintaining the properties, making the required mortgage
payments and providing for payments to utilities.

The Debtor's proposed Budget covers the months of August 2016
through October 2016.  The Budget provides for total expenses in
the amount of $2,025 for each of the months of August through
October.

A full-text copy of the Debtor's Motion, dated Aug. 31, 2016, is
available at https://is.gd/t17OXV

A full-text copy of the Proposed Budget, dated Aug. 31, 2016, is
available at https://is.gd/9G9oMK

              About Thirteen East Main Corporation

Thirteen East Main Corporation filed a Chapter 11 bankruptcy
petition (Bankr. D. Mass. Case No. 16-41294) on July 22, 2016.  The
petition was signed by Nathan Till, president.  The Debtor is
represented by James P. Ehrhard, Esq. at Ehrhard & Associates, PC.
The Debtor estimated assets and liabilities at $100,001 to $500,000
at the time of the filing.


TOWERSTREAM CORP: Losses from Operations Cast Going Concern Doubt
-----------------------------------------------------------------
Towerstream Corporation filed its quarterly report on Form 10-Q,
disclosing a net loss of $4.73 million on $6.87 million of revenues
for the three months ended June 30, 2016, compared with a net loss
of $8.85 million on $7.03 million of revenues for the same period
last year.

The Company's balance sheet at June 30, 2016, showed $36.48 million
in total assets, $42.95 million in total liabilities, and a
stockholders' deficit of $6.47 million.

As of June 30, 2016, the Company had cash and cash equivalents of
approximately $10.0 million and working capital of approximately
$4.5 million.  The Company has incurred significant operating
losses since inception and continues to generate losses from
operations and as of June 30, 2016, the Company has an accumulated
deficit of $167.9 million.  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/2bLTpt1

Towerstream Corporation is a provider of fixed wireless services to
businesses in over 10 urban markets across the United States.  The
Company operates through Fixed Wireless Services (Fixed Wireless)
segment. Its fixed wireless service supports bandwidth on demand,
wireless redundancy, virtual private networks, disaster recovery,
bundled data and video services.  Towerstream installs equipment on
the rooftops of the buildings in which the Fixed Wireless segment
customers operate and refer to these as Customer Locations.


UBB PROJECT: Hires Portilla as Substitute Counsel
-------------------------------------------------
UBB Project LLC, seeks authority from the U.S. Bankruptcy Court for
the Eastern District of New York to employ the Law Office of Julio
E. Portilla, P.C. as substitute counsel to the Debtor.

Portilla will substitute the law firm of Rich Michaelson Magaliff
Moser, LLP, and will render these services:

   a. provide advice to the Debtor with respect to its powers and
      duties under the Bankruptcy Code in the continued operation
      of its business and the management of its property;

   b. negotiate with creditors of the Debtor, preparing a plan of
      reorganization and taking the necessary legal steps to
      consummate a plan, including, if necessary, negotiations
      with respect to financing a plan;

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

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

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

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

Portilla will be paid at these hourly rates:

     Attorneys               $400
     Paraprofessionals       $125

On August 2016, Portilla received a $7,500.00 retainer from Lena
Sklyut Corp., an entity controlled by Yelena Sklyut, the principal
of the Debtor.

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

Julio E. Portilla, member of the Law Office of Julio E. Portilla,
P.C., assured the Court that the firm is a "disinterested person"
as the term is defined in Section 101(14) of the Bankruptcy Code
and does not represent any interest adverse to the Debtor and its
estates.

Portilla can be reached at:

     Julio E. Portilla, Esq.
     Law Office of Julio E. Portilla, P.C.
     555 Fifth Avenue, 17th Floor
     New York, NY 10017
     Tel: (212) 365-0292

                     About UBB Project

UBB Project LLC, filed a Chapter 11 bankruptcy petition (Bankr.
E.D.N.Y. Case No. 16-40590) on February 12, 2016, disclosing under
$1 million in both assets and liabilities. The Debtor is
represented by Tanner Bryce Jones, Esq., at The law Office of T.
Bryce Jones.

No official committee of unsecured creditors has been appointed in
the case.



UCI INTERNATIONAL: Claims Bar Date Set for September 30
-------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware set Sept.
30, 2016, at 5:00 p.m. (Eastern Time) as deadline for creditors to
file proofs of claim against UCI International LLC and its
debtor-affiliates.

The Court also set Nov. 29, 2016, at 5:00 p.m. (Eastern Time) as
last day for governmental units to file their claims against the
Debtors.

All proofs of claim must be file at:

   UCI International Claims Processing
   c/o GCG
   P.O. Box 10278
   Dublin, OH 43017-5778

A proof of claim for may be obtained at
http://cases.gardencitygroup.com/ucior
http://www.uscourts.gov/forms/bankruptcy-forms/proof-claim-0.

                    About UCI International

UCI International, LLC, headquartered in Lake Forest, IL, designs,
manufactures, and distributes vehicle replacement parts, including
a broad range of filtration, fuel delivery systems, and cooling
systems products in the automotive, trucking, marine, mining,
construction, agricultural, and industrial vehicles markets.

UCI and its affiliates sought Chapter 11 protection (Bankr. D. Del.
Lead Case No. 16-11355) on June 1, 2016. The Debtors are
represented by lawyers at Sidley Austin LLP.  Alvarez & Marsal
provides the company with financial advice and Moelis & Company LLC
is the Debtors' investment banker. Garden City Group serves as the
Debtors' Claims Agent. Wilmington Trust is the Indenture Trustee
for a $400-million issue of 8.625% Senior Notes Due 2019.

The United States Trustee appointed an Official Committee of
Unsecured Creditors, which has retained Morrison & Foerster LLP as
proposed counsel, and Cole Schotz PC as Delaware co-counsel. Zolfo
Cooper LLC has been retained as bankruptcy consultant and financial
advisor for the Committee.


VDH DEVELOPMENT: David Goodrich Appointed as Ch. 11 Trustee
-----------------------------------------------------------
Judge Deborah J. Saltzman of the the United States Bankruptcy Court
for the Central District of California issued an order approving
the appointment of David Goodrich as Chapter 11 Trustee for VDH
Development, Inc.

Judge Saltzman ordered that no bond will be fixed because the
Chapter 11 Trustee's blanket bond is sufficient.

             About VDH Development

VDH Development filed a Chapter 11 bankruptcy petition (Bankr. C.D.
Calif. Case No. 16-19246) on July 13, 2016.  The Hon. Deborah J.
Salesman presides over the case. AOE Law & Associates represents
the Debtor as counsel.

In its petition, the Debtor estimated $1 million to $10 million in
both assets and liabilities. The petition was signed by Brigitte M.
Von Dem Hagen, president.


VEGAS MANAGEMENT: Can Use L.V. Liquor's Cash Collateral
-------------------------------------------------------
Judge Rodney K. May of the U.S. Bankruptcy Court for the Middle
District of Florida authorized Vegas Management, LLC, to use L.V.
Liquor LLC's cash collateral.

The approved Budget for the month of August 2016, provided for
total operating expenses in the amount of $14,588.

L.V. Liquor was granted a perfected postpetition lien against cash
collateral to the same extent and with the same validity and
priority as its prepetition lien.  L.V. Liquor was also granted a
lien on the proceeds from the sale of the real property located at
6950 Seminole Boulevard, Seminole, Florida, in the amount of
$250,000.

Judge May held that L.V. Liquor will have a perfected lien on all
inventory at the Seminole Location and a replacement lien on all
inventory located at 10568 & 10570 Gandy Boulevard, St. Petersburg,
Florida.  He further held that L.V. Liquor will have a perfected
lien on all proceeds of any inventory, including amounts deposited
in any bank by the Debtor as debtor in possession.

A full-text copy of the Order, dated Aug. 31, 2016, is available at
https://is.gd/c0ffUS

                   About Vegas Management

Vegas Management, LLC, dba Vegas Showgirls, dba Spirits 365, dba
Rocket Bar, based in Redington Beach, Fla., filed a chapter 11
petition (Bankr. M.D. Fla. Case No. 16-04856) on June 3, 2016.  The
petition was signed by James F. Lowy, manager.  The Debtor is
represented by Joel S. Treuhaft, Esq., at Palm Harbor Law Group,
P.A.  The Debtor estimated $1 million to $10 million in assets and
liabilities at the time of the filing.


VERIFONE INC: Moody's Says Ba2 Rating Unaffected By Drop in Revenue
-------------------------------------------------------------------
Moody's Investors Services said that Verifone, Inc.'s
weaker-than-expected revenues in the third fiscal quarter ended
July 2016 and expectations of revenue decline in 2017 are credit
negative. The company's declining revenues and EBITDA will cause
its leverage to remain at the higher end of expected range.
However, Verifone's Ba2 Corporate Family Rating and stable ratings
outlook are not affected at this time.


WALTER INVESTMENT: Moody's Cuts Corporate Family Rating to Caa1
---------------------------------------------------------------
Moody's Investors Service taken the following rating actions with
respect to Walter Investment Management Corp. (Walter):

   -- Corporate Family Rating, Downgraded to Caa1 from B3;
      negative outlook assigned

   -- Senior Unsecured Rating, Downgraded to Caa2 from Caa1;
      negative outlook assigned

   -- Senior Secured Bank Credit Facility, Affirmed B3; negative
      outlook assigned

RATINGS RATIONALE

The rating actions reflect the decline in the company's tangible
common equity along with the company's continued weak
profitability. Moody's expects that near-term profitability will
remain constrained and its ability to significantly reduce its
financial leverage will be limited.

The B3 rating of the senior secured bank credit facility and the
Caa2 rating of the senior unsecured debt reflects our notching
analysis which incorporates their priority of claim and strength of
asset coverage.

In the first half of 2016, the company lost $658 million before
taxes, driven by a $215 million goodwill and $386 million MSR fair
value impairment. Even excluding these items, the company had a
pre-tax loss of $57 million as the company has been grappling with
elevated operating costs due to the heightened regulatory
environment. While the company continues to embark on a number of
cost cutting initiatives, near-term profitability is expected to
continue to be modest.

As a result of the company's weak profitability and debt-financed
growth, its financial leverage is very high and unlikely to
significantly improve. As of 30 June 2016, the company's tangible
common equity (TCE) to tangible assets was 1.0%, a drop from 1.9%
as of year-end 2015.

The negative outlook reflects our expectation that profitability
will continue to be weak at least through year end 2017.

Given the negative outlook, it is unlikely that the company's
ratings will be upgraded. The outlook could return to stable if the
company's profitability improves and if leverage declines. For
example, sustainable pre-tax income above 0.5% and TCE to tangible
assets above 2.5% would be viewed positively as would a lengthening
of its debt maturity profile.

The ratings could be downgraded if the company's financial
performance does not improve over the next 12-18 months, such as if
the company is unable to demonstrate sustained GAAP profitability
or if TCE to tangible assets is expected to be below 2.5% at
year-end 2017.

The principal methodology used in these ratings was Finance
Companies published in October 2015.


WAYZATA-ROCHESTER 16: Can Use Access Point Cash Until Oct. 31
-------------------------------------------------------------
Judge William J. Fisher of the U.S. Bankruptcy Court for the
District of Minnesota authorized Wayzata-Rochester 16 Hospitality
Associates, LLC to use the cash collateral of Access Point
Financial, Inc., until October 31, 2016, pursuant to a Stipulation
between the Debtor and Access Point.

The Debtor is indebted to Access Point in the amount of $6,631,347,
plus legal expenses related to the bankruptcy case, and all
interest, fees, costs, legal expenses and other amounts accruing
thereon or at any time chargeable to the Debtor.  The indebtedness
was secured by, among others, a security interest in and liens upon
all the Debtor's personal property and other rights to payments.

The Debtor contended that it did not have sufficient available
sources of working capital to carry on the continued operation of
is business.  It further contended that potentially irreparable
harm to the Debtor, its creditors and its estate may occur absent
authorization for the use of cash collateral.

Access Point was granted a replacement lien and security interest
in all the Debtor's property of the same types as Access Point's
collateral, and on their products and proceeds.  Access Point was
also granted an administrative priority claim against all assets of
the estate, to the extent that the protections afforded Access
Point prove to be inadequate to protect its interest.

A final hearing on the Debtor's Motion is scheduled on Oct. 31,
2016 at 1:30 p.m.

A full-text copy of the Order, dated Aug. 31, 2016, is available at
https://is.gd/Dbi7qv
            
        About Wayzata-Rochester 16 Hospitality Associates

Headquartered in Wayzata, Minnesota, Wayzata-Rochester 16
Hospitality Associates, LLC, filed for Chapter 11 bankruptcy
protection (Bankr. D. Minn. Case No. 16-32038) on June 27, 2016,
estimating its assets at between $1 million and $10 million.  The
petition was signed by Robert S. Snyder, manager.

Judge William J. Fisher presides over the case.

Steven B. Nosek, Esq., at Steven Nosek, P.A., serves as the
Debtor's bankruptcy counsel.


WAYZATA-ROCHESTER 16: Can Use Cash Collateral on Interim Basis
--------------------------------------------------------------
Judge William J. Fisher of the U.S. Bankruptcy Court for the
District of Minnesota authorized Wayzata-Rochester 16 Hospitality
Associates, LLC to use cash collateral on an interim basis.

Creditors claiming a lien on cash collateral, including the
Minnesota Department of Revenue, Paul Saffell, Sean Hellein,
Bemidji HGW, LLC and Corporation Services Company were granted
replacement liens on all assets of the Debtor, to the extent of the
cash collateral use.  The replacement liens will have the same
priority, dignity and effect as the pre-petition liens held by the
respective creditors.

A full-text copy of the Order, dated Aug. 31, 2016, is available at
https://is.gd/0g2u5s
              
       About Wayzata-Rochester 16 Hospitality Associates

Headquartered in Wayzata, Minnesota, Wayzata-Rochester 16
Hospitality Associates, LLC, filed for Chapter 11 bankruptcy
protection (Bankr. D. Minn. Case No. 16-32038) on June 27, 2016,
estimating its assets at between $1 million and $10 million.  The
petition was signed by Robert S. Snyder, manager.

Judge William J. Fisher presides over the case.

Steven B. Nosek, Esq., at Steven Nosek, P.A., serves as the
Debtor's bankruptcy counsel.


WESTECH CAPITAL: Ch. 11 Trustee Wants Until Oct. 30 to File Plan
----------------------------------------------------------------
Gregory S. Milligan, Chapter 11 Trustee, asks the U.S. Bankruptcy
Court for the Western District of Texas to abate the hearing on
Westech Capital Corp.'s first amended plan and disclosure
statement, which is currently scheduled on September 19, 2016 at
1:30 p.m., and extend the exclusivity period to file a plan until
October 30, 2016, and the exclusivity period to solicit acceptances
to the plan until January 31, 2017.

The Chapter 11 Trustee relates that the Debtor filed its amended
plan and disclosure statement on July 20, 2016.  He further relates
that no other party in interest could file a plan until September
10, 2016.  He adds that the Debtor's period of exclusivity was
terminated on August 10, 2016, when the appointment of the Chapter
11 Trustee was approved.

The Chapter 11 Trustee contends that he has been working
diligently, but had insufficient time to determine the full scope
of needed amendments to the First Amended Plan and Disclosure
Statement.  The Chapter 11 Trustee further contends that he has a
present goal to file a Second Amended Plan and Disclosure Statement
on or before October 30, 2016.

                           About Westech Capital Corp.

Westech Capital Corp (WTEC:OTC US) is a financial services holding
company.  Its primary business operating subsidiary is Tejas
Securities Group, Inc.

Westech Capital Corp., fka Tejas, Inc., filed for Chapter 11
bankruptcy (Bankr. W.D. Tex. Case No. 16-10300) on March 14, 2016.
The petition was signed by Gary Salamone, CEO.

Westech estimated $1 million to $10 million in both assets and
liabilities.

Stephen A. Roberts, Esq., at Strasburger & Price, serves as
counsel.  

Gregory S. Milligan was appointed Chapter 11 Trustee.  He is
represented by:

          Shelby A. Jordan, Esq.
          Nathaniel Peter Holzer, Esq.
          Antonio Cruz, Esq.
          JORDAN, HYDEN, WOMBLE, CULBRETH, &
          HOLZER, P.C.
          500 North Shoreline Drive, Suite 900
          Corpus Christi, TX 78401
          Telephone: (361) 884-5678
          Email: sjordan@jhwclaw.com
                 pholzer@jhwclaw.com
                 aortiz@jhwclaw.com


WILLIAM BEDDIE: Modifies Plan of Reorganization
-----------------------------------------------
William T. Beddie filed with the U.S. Bankruptcy Court for the
Eastern District of California a combined proposed first modified
Chapter 11 plan of reorganization and disclosure statement amended
Aug. 17, 2016.

Under the First Modified Plan, Class 4 general unsecured creditors
will recover 5% of their allowed claims.  Class 4 creditors will be
paid in four quarterly installments, due on the 10th day of the
quarter.  This class is impaired and is entitled to vote on
confirmation of the Plan.

The Debtor will not receive a discharge of debts until Debtor makes
all payments due under the Plan or the court grants a hardship
discharge.

On the Effective Date, all property of the estate and interests of
the Debtor will vest in the reorganized Debtor free and clear of
all claims and interests except as provided in the Plan, subject to
revesting upon conversion to Chapter 7.

Obligations to creditors that Debtor undertakes in the confirmed
Plan replace those obligations to creditors that existed prior to
the Effective Date of the Plan.  The Debtor's obligations under the
confirmed Plan constitute binding contractual promises that, if not
satisfied through performance of the Plan, create a basis for an
action for breach of contract under California law.  To the extent
a creditor retains a lien under the Plan, that creditor retains all
rights provided by such lien under applicable non-Bankruptcy law.

The Disclosure Statement is available at:

          http://bankrupt.com/misc/caeb12-33885-142.pdf

As reported by the Troubled Company Reporter on Aug. 8, 2016, the
Debtor filed a Chapter 11 plan of reorganization, which also
proposed to pay general unsecured creditors 5% of their claims in
four quarterly installments.  These creditors assert a total of
$273,105 in claims.  

William T. Beddie sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Calif. Case No. 12-33885) on July 30,
2012, and is represented by John Gregory Downing, Esq., at Downing
Law Offices, in Truckee, California.


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

       Debtor                                       Case No.
       ------                                       --------
       Zio's Restaurant Company, LLC                16-52041
       c/o David W. Parham, Esq.
       AKERMAN LLP
       2001 Ross Avenue, Suite 2550
       Dallas, TX 75201

       FMPRG # 601, LLC                             16-52042
       FMPRG # 602, LLC                             16-52043
       FMPRG # 603, LLC                             16-52044
       FMPRG # 604, LLC                             16-52045
       FMPRG # 605, LLC                             16-52046
       FMPRG # 606, LLC                             16-52047
       FMPRG # 607, LLC                             16-52048
       FMPRG # 608, LLC                             16-52049
       FMPRG # 609, LLC                             16-52050
       FMPRG # 610, LLC                             16-52051
       FMPRG # 611, LLC                             16-52052
       FMPRG # 613, LLC                             16-52053
       FMPRG # 615, LLC                             16-52054
       FMPRG # 618, LLC                             16-52055
       FMPRG # 623, LLC                             16-52056
       FMPRG # 624, LLC                             16-52057

Type of Business: Restaurant

Chapter 11 Petition Date: September 7, 2016

Court: United States Bankruptcy Court
       Western District of Texas (San Antonio)

Judge: Hon. Ronald B. King

Debtors' Counsel: John E. Mitchell, Esq.
                  AKERMAN LLP
                  2550 Trammell Crow Center
                  2001 Ross Avenue
                  Dallas, TX 75201
                  Tel: 2147204300
                  Fax: 2149819339
                  E-mail: john.mitchell@akerman.com

                    - and -

                  David W. Parham, Esq.
                  AKERMAN LLP
                  2001 Ross Ave, Suite 2550
                  Dallas, TX 75201
                  Tel: (214) 720-4300
                  Fax: (214) 981-9339
                  E-mail: david.parham@akerman.com

Estimated Assets: $0 to $50,000

Estimated Debts: $1 million to $10 million

The petition was signed by Peter Donbavand, vice president.

Zio's Restaurant's List of 30 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
FMP SA Management Group, LLC            Trade            $834,801  

120 Chula Vista
Hollywood Park, TX 78232

Arizona Bank & Trust                 Credit Card         $508,088
2036 E. Camelback Road
Phoenix, AZ 85016

Graco Roofing & Construction, LLC     Litigation         $365,535
Michael Rubenstein, Esq.
(Plaintiff's Counsel)
1503 E. 19th St.
Edmond, OK 73013

Fresh Acquisition LLC                    Trade           $282,377
dba Dynamic Foods
120 Chula Vista
Hollywood Park, TX 78232

John Truel                             Litigation         $90,296

Gladys Erbar and Tom Erbar et al.      Litigation         $60,000

Phillips Murrah P.C.                  Professional        $52,360
                                        Services

The Village at Sports Center Ltd.         Lease           $31,002

SJL Partners, GP                          Lease           $28,833

Tulsa Investment Group III LLC            Lease           $23,191

Pro Air Inc.                              Trade           $19,529

Northwoods Center, Inc.                   Lease           $19,172

DHP Commercial, LLC                       Lease           $15,544

Well Healed, LLC                          Lease           $15,433

Inland Diversified Real Estate            Lease           $15,376
Services, LLC

DMC Enterprises, Ltd.                     Lease           $13,833

JAJYA928, LP                              Lease           $13,833

Realty Income Texas                       Lease           $13,676
Properties 1 LLC

City Base West, LP                        Lease           $13,567

Lafortune Properties, LLC                 Lease           $12,688

Presidio, LLC                             Lease           $11,845

ATA Plaza OK, LLC                         Lease           $10,837

S.E. Family Partnership, LLLP             Lease           $10,166

Mary A. Acosta                         Litigation         $10,000

Raymark Mechanical                        Trade            $8,581

Tulsa Investment Group II, LLC            Lease            $6,325

Daniel H. Zeligson                        Lease            $6,325

Karen P. Zeligson                         Lease            $6,325

Curtis Restaurant Supply & Equipment      Trade            $4,923

Freshpoint Denver                         Trade            $4,642


ZIO'S RESTAURANT: Files for Ch. 11 Bankruptcy to Close 5 Stores
---------------------------------------------------------------
A restaurant chain specializing in the Italian cuisine has filed a
voluntary petition under Chapter 11 of the Bankruptcy Code citing,
among other things, a "depressed" casual dining environment and
high rental cost.

Zio's Restaurant Company, LLC and 16 of its subsidiaries commenced
the Chapter 11 cases on Sept. 7, 2016, owing roughly $2.3 million
of unsecured debt consisting of trade payables and other operating
expenses such as rent and past-due taxes.  As of the Petition Date,
the Debtors owe approximately $245,000 in outstanding taxes and
fees.  The Debtors have no secured creditor.

Founded in 1994 in Oklahoma City, Oklahoma, the Zios' concept
operated a full-service chain restaurant since 2007.  As of the
Petition Date, there were 15 stores, all of which operate in leased
premises located in Texas, Oklahoma, Missouri, Kansas, New Mexico
and Colorado.  The Debtors employ 875 personnel.  At one time, the
Zios' concept was expanded to 21 locations, Court documents show.

The Debtors intend to close five restaurants located in Texas,
Missouri and New Mexico, subject to the Court's approval, and are
evaluating the remaining 11 operating locations for closure as
well.  The Debtors have hired Auction Nation, LLC, to conduct the
sale of all furniture, fixtures, and equipment at any locations to
be closed by them, free and clear of all liens, claims, and
encumbrances, also subject to the approval of the Court.

A series of factors have contributed to the Debtors' operational
challenges and ultimately resulted in the need to file the Chapter
11 cases.  According to the Debtors, following the initial
expansion to 21 locations, they were unable to continue to grow the
Zios' concept and revenues due to general economic factors beyond
their control.

"[T]he Debtors' operations and financial performance have been
adversely impacted by the overall weakness in the casual dining
environment," said John E. Mitchell, Esq., at Akerman LLP, one of
the Debtors' attorneys.  "The casual dining industry is highly
competitive and faces increased competition from fast-casual dining
options.  Despite the relatively steady economy in most of the
United States, the casual dining environment remains depressed," he
said.

In addition, the Debtors said their revenues have been further
impacted by the decline in the prices of crude oil and natural gas,
higher rental rates and increased costs of goods, services and
employees.  

In response to these developments, the Debtors maintained they
have, among other things, significantly reduced spending and
implemented a series of cost-cutting measures, including, among
other things, closing of certain locations, streamlining costs for
good and services, and negotiating with landlords.

"Despite the best efforts of the Debtors and their management to
actively reduce their operational and financial costs, the
significant and prolonged downturn in market conditions in the oil
and gas sector and the competitive and declining casual chain
market and rental market have caused the Debtors' revenues to
decrease and the need for filing for bankruptcy," Mr. Mitchell
added.

Zios focuses on providing Italian cuisine in a casual and
comfortable open-aire piazza.  Zios offers appetizers, soups and
salads, pastas, specialties, calzones and sandwiches, pizzas,
drinks, wine, desserts, kid's menu, pronto lunches, and gluten free
menu options.

The Debtors' business operations are, and have been, managed by FMP
SA Management Group, LLC -- which is owed an unsecured amount of
$834,801 -- pursuant to a management agreement.  FMP, a privately
held company based in Hollywood Park, Texas, is a multi-concept
developer and operator of independent restaurant chains.

Zio's Restaurant is the sole member of each of Debtors FMPRG # 601,
LLC, FMPRG # 602, LLC, FMPRG # 603, LLC, FMPRG # 604, LLC, FMPRG #
605, LLC, FMPRG # 606, LLC, FMPRG # 607, LLC, FMPRG # 608, LLC,
FMPRG # 609, LLC, FMPRG # 610, LLC, FMPRG # 611, LLC, FMPRG # 613,
LLC, FMPRG # 615, LLC, FMPRG # 618, LLC, FMPRG # 623, LLC, and
FMPRG # 624, LLC.

The cases (Bankr. W.D. Tex. Proposed Lead Case No. 16-52041) are
pending before Judge Ronald B. King.


ZIO'S RESTAURANT: Hurt by Oil Bust, Files for Bankruptcy
--------------------------------------------------------
Sarah Chaney, writing for The Wall Street Journal Pro Bankruptcy,
reported that the owner of Zio's Italian Kitchen restaurant chain
filed for bankruptcy on Sept. 7, 2016, joining a wave of casual
eateries struggling as consumer preferences shift to cheaper,
faster alternatives.

According to the report, Dallas-based Zio's Restaurant Co., which
filed for chapter 11 bankruptcy in U.S. Bankruptcy Court in San
Antonio, operates 15 restaurants located primarily in the Southwest
and employs 875 employees.

Zio's is shuttering five of its restaurants and is "evaluating" the
remaining locations for closure as well, the report said, citing
according to court papers.

Like other casual eateries, Zio's has suffered in recent years as
cash-strapped diners cut back on eating out, the report related.
Those financial woes have been exacerbated by Zio's presence in an
area that has been buffeted by the distress in the oil and natural
gas industry, the report further related, citing David W. Parham,
Esq. -- david.parham@akerman.com -- Zio's bankruptcy lawyer.

The restaurant chain also embarked on an expansion, growing to 21
outlets, as oil and gas prices plummeted, the report said.  The
bust contributed to a slowdown in the casual-dining industry in the
region, the report added.

Zio's eateries are managed by FMP SA Management Group, an affiliate
of Food Management Partners Inc., based in Hollywood Park, Texas,
the report noted.  FMP also manages Buffets Restaurants, a
Texas-based chain that filed for bankruptcy in March less than a
year after the company merged with Alamo Ovation LLC, another
affiliate of Food Management Partners, the report further noted.


ZIO'S RESTAURANT: Seeks Extension of Deadline to File Schedules
---------------------------------------------------------------
Zio's Restaurant Company, LLC, et al., have asked the Bankruptcy
Court to extend their deadline to file their (a) statement of
financial affairs, (b) schedule of assets and liabilities, (c)
schedule of current income and expenditures, and (d) schedule of
executory contracts and unexpired leases, by an additional 15 days
through Oct. 6, 2016.

The Debtors said they require extra time to prepare and file their
Schedules and Statements given the numerous critical operational
matters that their accounting and legal personnel must address in
the early days of these Chapter 11 Cases, and the volume of
information that must be reviewed, prepared, and included in their
Schedules and Statements.

"While the Debtors have commenced the task of gathering the
necessary information that will enable them to finalize their
Schedules and Statements, the nature and scope of the Debtors'
operations require them to maintain voluminous records and
intricate accounting systems," said John E. Mitchell, Esq., at
Akerman LLP, one of the Debtors' counsel.  "The Debtors have also
limited staff available to perform the required internal review of
such financial records and affairs."

According to the Debtors, they have already begun compiling the
information required to complete their Schedules and Statements.
Nevertheless, as a consequence of the complexity of their business
operations, coupled with the limited time and resources available,
they have not yet finished gathering those information.

"[F]ocusing the attention of key accounting and legal personnel on
vital operational and restructuring matters during the critical
first weeks after filing the Chapter 11 Cases, rather than on
preparing their Schedules and Statements, will facilitate the
Debtors' smooth transition into Chapter 11 and maximize the value
of the Debtors' estates for the benefit of creditors and
parties-in-interest," Mr. Mitchell asserted.

                      About Zio's Restaurant

Founded in 1994 in Oklahoma City, Oklahoma, Zio's Restaurant
Company, LLC, et al., have operated a full-service chain restaurant
since 2007.  Zio's focuses on providing Italian cuisine in a casual
and comfortable open-aire piazza.  Zio's offers appetizers, soups
and salads, pastas, specialties, calzones and sandwiches, pizzas,
drinks, wine, desserts, kid's menu, pronto lunches, and gluten free
menu options.

As of the Petition Date, there were 15 stores, all of which operate
in leased premises located in Texas, Oklahoma, Missouri, Kansas,
New Mexico and Colorado.  The Debtors employ 875 personnel.  At one
time, the Zios' concept was expanded to 21 locations.

The Debtors' business operations are, and have been, managed by FMP
SA Management Group, LLC pursuant to a management agreement.  FMP,
a privately held company based in Hollywood Park, Texas, is a
multi-concept developer and operator of independent restaurant
chains.

Zio's Restaurant is the sole member of each of Debtors FMPRG # 601,
LLC, FMPRG # 602, LLC, FMPRG # 603, LLC, FMPRG # 604, LLC, FMPRG #
605, LLC, FMPRG # 606, LLC, FMPRG # 607, LLC, FMPRG # 608, LLC,
FMPRG # 609, LLC, FMPRG # 610, LLC, FMPRG # 611, LLC, FMPRG # 613,
LLC, FMPRG # 615, LLC, FMPRG # 618, LLC, FMPRG # 623, LLC, and
FMPRG # 624, LLC.

Zio's Restaurant Company, LLC and 16 of its subsidiaries commenced
Chapter 11 cases on Sept. 7, 2016, in the U.S. Bankruptcy Court for
the Western District of Texas (Bankr. W.D. Tex. Proposed Lead Case
No. 16-52041).  The cases are assigned to Judge Ronald B. King.


[*] August Business Filings Increase 28% from Previous Year
-----------------------------------------------------------
Total U.S. commercial bankruptcy filings increased 28 percent in
August 2016 over August of last year, according to data provided by
Epiq Systems, Inc.

Commercial filings totaled 3,199 in August 2016, up from the August
2015 total of 2,491. August is the tenth consecutive month with a
year-over-year increase in commercial filings.  However, total
commercial chapter 11 filings decreased in August 2016, as the 362
filings were 32 percent less than the 534 commercial chapter 11
filings registered in August 2015.

Total bankruptcy filings increased 1 percent to 68,495 in August
2016, slightly up from the August 2015 total of 67,777. Consumer
filings were 65,296, also slightly up from the August 2015 consumer
filing total of 65,286.

"Debt-burdened businesses continue to turn to the financial shield
of bankruptcy," said ABI Executive Director Samuel J. Gerdano. "As
distress continues in the energy and retail sectors, 2016 business
bankruptcies will surpass the totals registered the past two
years."

Total filings for August represented a 12 percent increase compared
to the 61,340 total filings in July 2016. Total noncommercial
filings for August were also 12 percent more than the July 2016
noncommercial filing total of 58,385.  August's commercial filing
total also represented an 8 percent increase from the July 2016
commercial filing total of 2,955. August commercial chapter 11
filings registered a 1 percent increase when compared to the 357
filings registered the previous month.

The average nationwide per capita bankruptcy-filing rate in August
was 2.55 (total filings per 1,000 per population), a slight
increase from the 2.53 rate registered in the first seven months of
the year.  Average total filings per day in August 2016 were 2,210,
a 1 percent increase from the 2,186 total daily filings in August
2015.  States with the highest per capita filing rates (total
filings per 1,000 population) in August 2016 were:

   1. Tennessee (5.63)
   2. Alabama (5.45)
   3. Georgia (4.69)
   4. Illinois (4.23)
   5. Utah (4.17)

ABI has partnered with Epiq Systems, Inc. in order to provide the
most current bankruptcy filing data for analysts, researchers and
members of the news media. Epiq Systems is a leading provider of
managed technology for the global legal profession.

For further information about the statistics or additional
requests, please contact ABI Public Affairs Manager John Hartgen at
703-894-5935 or jhartgen@abiworld.org.

ABI is the largest multi-disciplinary, nonpartisan organization
dedicated to research and education on matters related to
insolvency. ABI was founded in 1982 to provide Congress and the
public with unbiased analysis of bankruptcy issues. The ABI
membership includes more than 12,000 attorneys, accountants,
bankers, judges, professors, lenders, turnaround specialists and
other bankruptcy professionals, providing a forum for the exchange
of ideas and information. For additional information on ABI, visit
www.abiworld.org.  For additional conference information, visit
http://www.abi.org/calendar-of-events.

Epiq Systems is a leading provider of managed technology for the
global legal profession.  Epiq Systems offers innovative technology
solutions for electronic discovery, document review, legal
notification, claims administration and controlled disbursement of
funds.  Epiq System’s clients include leading law firms,
corporate legal departments, bankruptcy trustees, government
agencies, mortgage processors, financial institutions, and other
professional advisors who require innovative technology, responsive
service and deep subject-matter expertise. For more information on
Epiq Systems, Inc., please visit http://www.epiqsystems.com/


[*] Renovo Capital Sells Interests in Renwood Mills
---------------------------------------------------
Renovo Capital and its Renwood Opportunities Fund I on Sept. 7,
2016, announced the sale of its interests in Newton, North Carolina
based, Renwood Mills, LLC to The Mennel Milling Company and Plaza
Belmont.

RENOVO HIGHLIGHTS

   -- Special situations investor seeking businesses with varying
degrees of financial and operational complexities

   -- Currently investing out of Fund II with $132M of
institutional investor commitments

   -- Industry agnostic with focuses on energy services, food and
technology-enabled business services

   -- Seeking equity investments of $5-30M in lower middle market
companies with revenues of $20-200M

   -- Eight investment professionals with growing operating partner
network

The sale of Renwood Mills builds on an already active 2016 with the
recent sale of Formation Brands and three new platform acquisitions
in the energy, technology and food sectors.

The 80-year-old flour milling and mix company was initially
acquired in 2013 and has thrived under Renovo's ownership which
included investments in growth initiatives, the stabilization of a
supplier base, strategic leadership and the engagement of key
executives.

"In 2013, we were fortunate to purchase a Company with great brands
(Southern Biscuit, Tenda Bake), better people, undervalued
production capabilities and a loyal customer base.  It's been
rewarding to work with the team as we stewarded the Company back to
promising times and look forward to hearing about the next level of
growth that The Mennel Milling Company and Plaza Belmont are able
to achieve," Mike Manos said.

Generalist by strategy, Renovo has acquired numerous businesses
within the broader food supply chain, including agricultural
related assets through food retail.  Renovo's most recent
acquisition, All Holdings LLC, a manufacturer and marketer of fresh
and processed pork and turkey products into the retail and
foodservice channels, carries forth the thesis of acquiring niche
players in stable and growing markets.

                       About Renwood Mills

Based in Newton, NC, Renwood Mills is a regional flour miller and
has been operating since 1935.  The company sells flour and other
baking products in the Southeastern United States for use in food
service, food production and in retail channels under the Southern
Biscuit(R) and Tenda-Bake(R) brands.

                          About Renovo

Renovo Capital, LLC, is a special situations private equity fund,
currently investing out of Renovo Capital Fund II, LP, a $132
million committed capital fund.  Renovo --
http://www.renovocapital.com/--is focused on partnering with
business owners, entrepreneurs and management teams to invest in
businesses undergoing varying degrees of operational, financial or
market-drive change.  Renovo Capital has offices in Dallas and
Denver.


                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

                            *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.  
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman,
Editors.

Copyright 2016.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $975 for 6 months delivered via
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firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Peter A.
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                   *** End of Transmission ***